Happy New Year 2025

Category: Business

David Spade’s former Malibu home up for rent at $59K a month

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David Spade’s former Malibu home is looking for a new resident.

The latest owner of the oceanfront home, Fashion Nova CEO Richard Saghian, has made the home available for rent, at $59,000 a month, in partnership with listing agents Branden and Rayni Williams with The Beverly Hills Estates.

Situated right on the shore of La Costa Beach, Spade originally sold the home to Netflix co-CEO Ted Sarandos and his wife Nicole Avant in 2013 for around $10 million, according to The Robb Report.

Sarandos and his wife would go on to sell the 3,763-square-foot home to Saghian in 2021 for $14.7 million.

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David Spade’s former Malibu home is available for rent at $59,000 a month. (Getty Images; Tyler Hogan; Marc Angeles / Fox News)

A two-car garage and a walled-off gated entry open up into a brick courtyard decorated with a Buddha statue and bougainvillea-lined walls.

The courtyard separating the house from the garage also features a dark-bottom plunge pool as well as multiple shaded seating areas. A key feature of the courtyard is an indoor cabana separated from the house, which boasts a seated bar.

The home is found behind a two-car garage and a walled-off gated entry. (Mark Angles; Tyler Hogan / Fox News)

The courtyard features a dipping pool and a cabana with a seated bar. (Marc Angeles / Fox News)

Once inside, guests will find themselves immersed in the home’s open floor plan, with large windows in every room in the house, which not only provide natural light, but also picturesque views of the ocean.

The fully furnished living room features dark hardwood flooring, a wood-burning fireplace with a mirror placed over the mantle. In addition, it has brown and cream furniture and coffee and end tables crafted out of wood, all of which sit atop a large Persian rug.

The living room features a wood-burning fireplace. (Tyler Hogan / Fox News)

Just steps away from the living room is the formal dining area. The dining room boasts a large table big enough for 10 guests and is surrounded by four French doors leading out onto the back porch, which has direct access to the beach.

Connected to the dining room is the spacious kitchen, which features many sought-after features, including a double oven and extra stovetops with a white stone backsplash and a farmhouse sink beneath a window.

The dining room has direct access to the back porch and a table big enough to seat 10. (Marc Angeles / Fox News)

The kitchen boasts dark countertops and a double oven. (Marc Angeles / Fox News)

In addition, the kitchen has dark cabinets and countertops with a bar that can be used as a more casual dining space. It also boasts built-in shelving which provides extra storage space in addition to the many cabinets.

Behind the living room lies a more casual family room, featuring a second fireplace with a large flat-screen TV hanging on the wall above, as well as big windows and direct access to an outdoor dining and living area.

The family room features a less formal dining area, as well as a second fireplace. (Marc Angeles / Fox News)

The room also features a more casual dining area, as well as built-in bookshelves and unique light fixtures throughout. In addition to access to the backyard, the room also boasts French doors leading out to the brick courtyard in front.

One of the main highlights of the home is the luxurious primary bedroom. Found on the second floor, the primary bedroom boasts a third wood-burning fireplace as well as a unique circular beamed ceiling with a medieval-looking light fixture.

The primary bedroom features a fireplace and a private balcony. (Marc Angeles / Fox News)

What makes the primary bedroom extra special is the private balcony which looks out onto the ocean.

Another enviable feature of the primary bedroom is an attached dual-level private den and office area, which has dark hardwood flooring, a desk and a large flat-screen television. The back wall is covered with windows, which bring plenty of natural light into the room.

The primary bedroom also has a private office and den space. (Tyler Hogan / Fox News)

The ensuite bathroom has a soaking tub and a large vanity. (Marc Angeles / Fox News)

Also connected to the primary bedroom is a luxurious ensuite bathroom, which has a large soaking tub situated in front of a wall of windows, as well as a large vanity with his and her sinks.

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Elsewhere in the home are three additional bedrooms, one with direct views of the ocean and access to an outdoor lounging area and another with access to the courtyard and pool in the front.

Other bedrooms in the house have access to either the courtyard or ocean-facing balconies. (Marc Angeles / Fox News)

In addition to having outdoor seating in the courtyard in front of the home, there is also seating space on the backyard patio. Just outside the family room is an outdoor dining area enclosed in a gazebo-type structure with two walls constructed of glass and left open on the other sides.

The dining area features dark tiled floors with a circular table big enough for six guests.

The back deck features an outdoor dining area overlooking the beach. (Tyler Hogan / Fox News)

The back deck has multiple outdoor seating areas and access to the beach via a staircase. (Marc Angeles / Fox News)

On the rest of the patio, guests will find multiple areas for lounging, as well as a barbecue. A staircase leading down from the patio descends to 60 feet of shoreline on the beach.

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March 1, 2025
Mercedes-Benz CEO signals more potential US investment

Bullseye American Ingenuity Fund portfolio manager Adam Johnson breaks down President Donald Trump’s tariff plans and evaluates economic data from the week on ‘Maria Bartiromo’s Wall Street.’

The CEO of Mercedes-Benz on Thursday signaled the company plans to invest more in the U.S. in the coming years and also discussed how tariffs could impact the automaker’s business.

Mercedes-Benz CEO Ola Källenius said on a call with reporters after the company announced its quarterly earnings results that it has “been operating in the United States for more than 120 years” and has “invested tens of billions of dollars into the United States.”

“We have two large operations on the passenger car side, one in Alabama and one in South Carolina,” Källenius said. “Directly, we employ more than 11,000 people in the United States. If you would count in all the suppliers and the ones that kind of are dependent on those final assembly jobs, the usual calculation is roughly 1-to-10, so another 100,000 jobs are associated with those plants. Our dealer partners, strong private investors around the country, employ 28,000 people and then again, they have a residual effect. “

“The several hundred thousand jobs, tax revenue, etc. is the Mercedes-Benz footprint in the U.S.,” he explained. “What’s the point I am making? The point is we’re also an American company. Yes, we have our headquarters in Germany and our European origins, but we feel American.”

TRUMP SAYS HE WILL INTRODUCE 25% TARIFFS ON AUTOS, PHARMACEUTICALS AND CHIPS

Mercedes-Benz CEO Ola Källenius said the company is opening to increasing its investments in the U.S. (Andrew Caballero-Reynolds/AFP via Getty Images / Getty Images)

Källenius noted that Mercedes-Benz has research and development activities in Silicon Valley as well as a presence in Michigan. He also indicated that the company plans to increase its investment in the U.S. to expand that footprint going forward.

Ticker Security Last Change Change %

MBGYY MERCEDES-BENZ GROUP AG 15.5863 -0.26 -1.66%

“What’s the road ahead? We are prepared to continue to invest billions and we want to grow our footprint in the United States. We are committed,” he said. “A little known fact — we are one of the major industrial exporters out of the United States. Two-thirds of the vehicles that we make in our Tuscaloosa plant actually go out into the world, a significant part of them obviously to Europe.”

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Källenius said Mercedes-Benz is mindful of how policy changes could impact its cash flows and, in turn, its investment opportunities. (AFP / Getty Images)

Given Mercedes-Benz’s global presence, Källenius said that changes in tariffs or other aspects of trade policy could impact its investment decisions over the long-term. President Donald Trump signaled Wednesday that he is planning to impose 25% tariffs on imported automobiles.

“So shifts in trade policy in either direction, of course, is very important to us,” Källenius explained. “When we make investment decisions about new models, as you rightly point out, you cannot move a plant over the weekend from one continent to another. Those are longer-term commitments, it takes two to three, maybe even four years to make those types of adjustments. And our supply network literally includes all five continents of the world, so it’s very, very sophisticated. It is more than a supply chain, I would call it more of a supply network.”

FORD CEO SAYS TARIFFS COULD ‘BLOW A HOLE’ IN US AUTO INDUSTRY

Mercedes-Benz CEO Ola Källenius said that zeroing out auto tariffs between the U.S. and European Union would spur investment. (Artur Widak/NurPhoto via Getty Images / Getty Images)

Källenius also said that “trade policy can affect our business model” and that while policymakers will ultimately determine what comes of trade negotiations, a reciprocal move to lower tariffs or even no tariffs between the U.S. and the European Union (EU) would spur investment.

“In the case of the EU, actually the tariff is larger going into the EU than into the United States at the moment, and somebody mentioned why not take it down to zero-zero and make the playing field level and maybe spur growth, which would encourage companies like us to invest even more,” he explained. “If they come up with solutions like that, that would, of course, be fantastic.”

“I’m not going to speculate on what the result will be of the negotiation. All I can say is Mercedes-Benz is committed to the United States,” he added.

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“We have to produce positive cash flows to fuel our investments. And financial strength equals innovation strength, equals return to the shareholder,” Källenius said. “We’re very mindful of things that could negatively influence our business model and reduce our cash flow. So if we’re operating in an environment as a strong member of the U.S. industrial family, we hope that will be taken into account, and there is nothing stopping us from upping the ante and investment more in the United States.”

February 21, 2025
4 Nations Face-Off final: Tickets prices experience spike before US vs Canada

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Team USA and Canada will meet on the ice once again when the puck drops at the 4 Nations Face-Off final on Thursday night in Boston. Only four days have passed since the Americans defeated the Canadians in an intense battle.

The round-robin tournament has brought a considerable amount of attention to hockey, as players and fans proudly represent their respective countries. However, anyone who wants to be part of what is expected to be a raucous atmosphere inside Boston’s TD Garden will have to part ways with some considerable cash to secure a last-minute ticket.

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A general view of center ice before the 4 Nations Face-Off between Team Canada and Team Finland at TD Garden on February 17, 2025 in Boston, Massachusetts. (Brian Babineau/4NFO/World Cup of Hockey via Getty Images / Getty Images)

As of late Thursday afternoon, the lowest-priced ticket on ticket marketplace Gametime was listed at $720. The price does not include taxes and ticket fees. Premium seating near the ice rink exceeded $5,000 prior to taxes and fees.

While Canada will seek revenge in the final, all eyes will also be on the pregame festivities. Some fans in Montreal began booing as the “The Star-Spangled Banner” played before games. Shortly after the game actually started, three fights broke out over a nine-second span.

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The fans’ boos appeared to stem from their disapproval of President Trump’s comments on Canada potentially becoming the 51st state, in addition to the discontent over tariff threats.

Team USA reacts to their 2-1 loss to Team Sweden in the 4 Nations Face-Off game at TD Garden on February 17, 2025 in Boston, Massachusetts. (Maddie Meyer/Getty Images / Getty Images)

Once the tournament shifted to the U.S., some fans inside Boston’s TD Garden booed, “O Canada.” Trump wished the American hockey team good luck during a call with the team on Thursday before the high-stakes contest.

“It was so awesome to get his support,” Team USA center J.T. Miller said. “It’s a pretty big deal for him to take time out of his schedule to talk to us for five minutes. It’s just another one of those things where we’re kind of pinching ourselves this tournament.”

Team USA forward J.T. Miller (10) screens Team Sweden goalie Samuel Ersson (30) during the first period in a 4 Nations Face-Off ice hockey game at TD Garden. (Bob DeChiara-Imagn Images / IMAGN)

During an appearance on “America’s Newsroom” on Monday, Bill Guerin, general manager of the U.S. men’s team, said he would welcome Trump to watch the final in person. However, Trump is not expected to attend the sporting event due to his scheduled appearance at the Republican Governors Association Meeting in Washington, D.C.

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“We would love it if President Trump was in attendance,” Guerin said. “We have a room full of proud American players and coaches and staff. Listen, we’re just trying to represent our country the best way we can.”

The 4 Nations Face-Off final gets underway at 8 p.m. ET.

February 21, 2025
Former VP Harris signs with Hollywood agency that took Biden under its wing

Trump 2024 surrogate Harrison Fields says Vice President Kamala Harris’ donor money went ‘down the drain’ in the 2024 presidential election on ‘The Evening Edit.’

Former Vice President Kamala Harris has signed with a Hollywood talent agency, according to reports.

Variety first reported Harris’ alleged partnership with Creative Artists Agency (CAA) on Tuesday. The outlet wrote that CAA will “work closely with Harris on her post-White House initiatives, creating strategic opportunities that expand her platform in support of the issues she has championed throughout decades-long career in public service.”

Harris will join former President Joe Biden, whose CAA deal was announced just two weeks ago. Biden was also represented by the agency before entering the White House.

Announcing Biden’s re-affiliation with the agency on Feb. 3, CAA co-chairman Richard Lovett called him one of “America’s most respected and influential voices in national and global affairs.”

TRUMP’S WHITE HOUSE WIN SENDS DOW UP 1,000 POINTS

Vice President and Democratic presidential candidate Kamala Harris speaks during a campaign rally in Charlotte, North Carolina, on November 2, 2024. (CHARLY TRIBALLEAU/AFP via Getty Images / Getty Images)

“His lifelong commitment to public service is one of unity, optimism, dignity, and possibility,” Lovett’s statement read. “We are profoundly honored to partner with him again.”

During his partnership with CAA, Biden released his memoir “Promise Me, Dad” in 2017, as well as traveled across the country on his post-vice presidency “American Promise” speaking tour.

In terms of Harris’s post-vice presidency, she has kept a relatively low profile since leaving office on Jan. 20. Over the weekend, she was spotted in New York City, where she attended Broadway shows.

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Democratic presidential nominee, Vice President Kamala Harris waves before boarding Air Force Two after assessing the Hurricane Helene recovery response in North Carolina on October 5, 2024 in Charlotte, North Carolina. (Photo by Mario Tama/Getty Images / Getty Images)

The Democrat was recently mocked online for a “word salad” speech she delivered to the performers of “A Wonderful World: The Louis Armstrong Musical” during her trip to the Big Apple.

“Where there’s a vacancy, let’s fill it. Let us know that the reality is that the progress of our nation has been about the expansion of rights, not the restriction of rights,” Harris said. “We’re seeing a U-turn right now. For those rights to be maintained, which means we have to be vigilant. It’s just the nature of it.”

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Democratic presidential nominee, Vice President Kamala Harris, answers questions from the press before a town hall. (Sarah Rice/Getty Images / Getty Images)

FOX Business reached out to CAA for confirmation.

Fox News Digital’s Joseph Wulfsohn and Louis Casiano contributed to this report.

February 19, 2025
Trader Joe’s recalls frozen Organic Acai Bowls, orders customers to dispose of them

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Trader Joe’s is asking its customers to throw away a certain frozen product over fears that it may contain plastic.

The beloved grocery store chain announced the recall on Feb. 14. In a statement on its website, Trader Joe’s advised customers to dispose of any Trader Joe’s Organic Acai Bowls, regardless of UPC code or best-by dates.

“Out of an abundance of caution, please discard any Trader Joe’s Organic Acai Bowls, as the product may contain foreign material (plastic), or return them to your neighborhood Trader Joe’s store for a full refund,” the company said.

The supermarket chain did not disclose any reported injuries or how many product units were impacted.

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Trader Joe’s is recalling its frozen Organic Acai Bowls out of concern about potential plastic contamination. (Trader Joe’s / Fox News)

Trader Joe’s has recalled products over plastic contamination in the past. Last year, the chain’s Steamed Chicken Soup Dumplings were recalled over fears that it contained hard plastic from a permanent marker pen, impacting 61,839 pounds of the frozen soup dumplings.

Trader Joe’s also recalled 653,000 of its mango tangerine scented candles last August. At the time, the grocery store said that when the candle flame was lit, it could “spread from the wick to the wax, causing a larger than expected flame, posing a fire hazard.”

TUNA CANS SOLD AT TRADER JOE’S, WALMART AND OTHER SUPERMARKETS RECALLED OVER ‘POTENTIALLY FATAL’ FLAW

A signage on a shopping cart at the Trader Joe’s Upper East Side Bridgemarket grocery store in New York, U.S., on Thursday, Dec. 2, 2021. (Jeenah Moon/Bloomberg via Getty Images / Getty Images)

“If you purchased the Mango Tangerine Scented Candle, please do not use it,” Trader Joe’s said in its recall announcement. “We urge you to discard the product or return it to any Trader Joe’s for a full refund.”

Customers with questions about the latest recall are urged to contact Trader Joe’s Customer Relations at (626) 599-3817.

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A woman shops for groceries at Trader Joe’s in San Francisco, Calif. Tuesday, January 26, 2021. ((Jessica Christian/The San Francisco Chronicle / Getty Images)

FOX Business reached out to Trader Joe’s for additional comment.

February 19, 2025
Battle of the chambers: Trump budget test vote cleared in Senate as House GOP lags behind

‘Kudlow’ panelists Rep. Pat Fallon, R-Texas, and Rep. Greg Steube, R-Fla., discuss delivering on President Donald Trump’s agenda.

The Senate pressed on with its effort to pass a key President Donald Trump agenda item before the Republicans in the House of Representatives get a chance to do it their way.

Republicans advanced a budget resolution in a 50-47 vote to tackle part of Trump’s goals on Tuesday night after moving it through the all-important budget committee last week.

“It’s time to act on the decisive mandate the American people gave to President Trump in November. Securing the border, rebuilding our defense, and unleashing American energy. That starts this week with passing Chairman [Sen. Lindsey Graham’s] budget. Let’s get it done,” Senate Majority Leader John Thune, R-S.D., wrote in a post on X ahead of the vote.

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The Senate maneuvered past a procedural hurdle on its preferred Trump budget bill after leapfrogging the House Republicans who were expected to take the lead on the process. (Getty Images / Getty Images)

The progress on the Senate GOP’s preferred two-pronged budget reconciliation approach adds fuel to the growing dispute between the upper and lower chambers on how to proceed. The House and Senate GOP’s have favored different ways to use the crucial reconciliation process to achieve Trump’s priorities quickly, and up until recent weeks, the lower chamber was expected to take the lead.

The reconciliation process lowers the threshold to advance a bill in the Senate from 60 votes to just 51. And with a 53-vote majority in the upper chamber, Republicans are poised to push policies through with only support from the GOP conference.

In the Senate Republicans’ plan, the first reconciliation bill would include Trump’s priorities for border security, fossil fuel energy and national defense. The second bill, drawn up later in the year, would focus on extending Trump’s tax policies from the Tax Cuts and Jobs Act (TCJA). The cuts begin to expire at the end of 2025.

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House Republicans have long-favored one large reconciliation bill that includes all of Trump’s agenda items, from border security to tax cuts.

However, the lower chamber failed to move before its Senate counterpart.

“I’m afraid it’s a nonstarter over here. And, you know, I’ve expressed that to him. And there is no animus or daylight between us. We all are trying to get to the same achievable objectives. And there’s just, you know, different ideas on how to get there,” House Speaker Mike Johnson, R-La., previously said of the Senate’s bill.

Johnson said the bill would be dead on arrival in the House. (David Paul Morris/Bloomberg via Getty Images / Getty Images)

Ahead of the Senate’s Tuesday test vote, House Majority Leader Steve Scalise, R-La., called on Republicans to pass the House bill, “It’s time to act on ALL of the powerful mandates the American people gave to [Trump] in November: Securing the border, opening up American energy to lower costs, keeping tax rates low (including no tax on tips), strengthening our national defense, a two-year extension of the debt ceiling, and passing into law DOGE’s identified waste in government.”

“All of Trump’s priorities in one big, beautiful bill start moving when we pass [Budget Committee Chairman Jodey Arrington’s] budget. Let’s go Make America Great Again!” Scalise added.

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In the upper chamber, facing pressure as the Senate Budget Committee chairman, Lindsey Graham, R-S.C., brought up the first bill of two in his committee last week as Trump officials stressed an urgent need for border funding to Congress. The House GOP recently moved its own large bill through committee.

Republicans in the lower chamber have held that taking on two bills as opposed to one would leave them vulnerable to failure when it comes to passing tax cuts later in the year. With a slim and sometimes unruly Republican majority, the House Republicans expect they would have better odds with a one-bill reconciliation approach.

Graham moved the budget bill through his committee last week. (Kevin Dietsch/Getty Images / Getty Images)

Despite this, the Senate appears to be pressing forward on its two-pronged bid, setting up a potential “vote-a-rama” in the coming days.

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The Senate budget vote triggered a 50-hour clock for debate on the reconciliation measure. A marathon of votes on an unlimited number of amendments is expected to follow at some point during the days-long debate. Senators can offer up as many amendments as they want to the resolution, forcing Republicans to take a large number of potentially uncomfortable votes.

As long as senators keep offering amendments, the Senate has to keep voting on them, one after another. Once the budget debate clock runs out, the Senate can vote on actually passing the reconciliation resolution.

February 19, 2025
KFC to move headquarters to to Texas

Former CKE Restaurants CEO Andy Puzder gives an industry look inside how fast food companies are trying to keep up with inflation and criticizes Biden’s tax policy.

KFC, the company once known as Kentucky Fried Chicken, is leaving the state for Texas.

The chain founded by Col. Harland Sanders is leaving its Louisville headquarters to set up shop in the Dallas suburb of Plano, Yum! Brands announced Tuesday.

Around 100 U.S. employees will be required to relocate over the next six months and another 90 who work remotely will be required to move over the next 18 months.

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The fried chicken chain announced that it will move its headquarters from Kentucky to Texas. (KAREN BLEIER/AFP via Getty Images)

KFC and Pizza Hut Global will both be headquartered in Plano, the company said. Yum! Brands and the KFC Foundation will maintain corporate offices in Louisville.

Taco Bell and the Habit Burger & Grill will remain headquartered in Irvine, California.

“These changes position us for sustainable growth and will help us better serve our customers, employees, franchisees and shareholders,” said Yum! Brands CEO David Gibbs. “Ultimately, bringing more of our people together on a consistent basis will maximize our unrivaled culture and talent as a competitive advantage. I’m confident this is another important step in growing our iconic restaurant brands globally.”

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A KFC restaurant in Xiamen, China (Reuters Marketplace)

The company isn’t abandoning Kentucky entirely. It will provide a $1 million endowment to the College of Business at the University of Louisville to fund Yum!-sponsored scholarships and further support the Yum! Center for Global Franchise Excellence.

KFC will continue its brand presence in Louisville with the ambition of building a first-of-its-kind flagship restaurant, the company said.

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In 2020, Papa Johns moved its headquarters from Louisville to Atlanta. In February 2023, the pizza giant announced that it would keep staff in Louisville despite plans to sell the former headquarters building.

February 19, 2025
President Trump looks to bring manufacturing back to US with tariffs

FOX Business’ Lauren Simonetti reports on how one American business owner is capitalizing on President Donald Trump’s tariff plan.

President Donald Trump is looking to boost American manufacturing and its competitiveness with tariffs.

Last week, the nation’s 47th president moved to reinstate a 25% tariff on steel imports and lift the tariff on aluminum imports to 25%, using Section 232 of the Trade Expansion Act of 1962.

The White House has argued those tariffs will help with “revitalizing the domestic steel and aluminum industries” and bring back manufacturing.

WHO GETS HIT HARDEST BY STEEL AND ALUMINUM TARIFFS?

President Donald Trump signs executive orders, imposing 25% tariffs on imported steel and aluminum, the latest salvo in his ongoing effort to overhaul the U.S. trading relationship with the rest of the world. (Jabin Botsford/Washington Post via Getty Images)

More recently, the Trump administration also unveiled a plan to develop reciprocal tariffs.

“It is fair to all, no other Country can complain and, in some cases, if a Country feels that the United States would be getting too high a Tariff, all they have to do is reduce or terminate their Tariff against us,” Trump said in a TruthSocial post about the plan. “There are no Tariffs if you manufacture or build your product in the United States.”

He also said it was time countries “treat us fairly – A LEVEL PLAYING FIELD FOR AMERICAN WORKERS.”

FOX Business’ Lauren Simonetti recently spoke to Mark Andol, the founder of Made in America Store, a business that stocks its shelves solely with products made in the U.S. and that seeks to increase American manufacturing.

“I don’t have [anything] that plugs in or takes a battery out of 15,000 products, and I said we’ve been to the moon but we can’t make a toaster. We’ve got to want. You’ve got to make ‘Made in America’ important again,” he said.

Meanwhile, Flying Bison Brewing Company founder Tim Herzog told Simonetti tariffs could negatively impact costs.

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“Where we are, the light delicate malt that’s the popular malt for beers right now is from Canada. Some is grown in northern New York state, sent to Canada to be malted, comes back over the border, so it’s going to get tariffs going over and it’s going to get tariffs coming back,” he said. “The price is going to go crazy.”

The number of manufacturing employees in the U.S. stood at a preliminary 12.76 million as of January, according to the Bureau of Labor Statistics. That is millions fewer than the numbers seen in the ‘80s and ’90s.

There were nearly 403,000 private manufacturing establishments in the U.S. at the end of 2024’s second quarter, according to preliminary data from the BLS.

TRUMP’S TREASURY SECRETARY SHUTS DOWN ANY TARIFF CONCERNS, PRAISES ‘FRICTIONLESS GLOBAL TRADE’

Trump has been busy pursuing other tariffs since taking office as well.

Donald Trump (Bill Pugliano/Getty Images)

He inked executive orders for 25% tariffs on imports from Canada and Mexico and a 10% tariff on imports from China this month. However, his administration paused the levies focused on America’s northern and southern neighbors for one month after Canada and Mexico both agreed to take steps to heighten enforcement on their borders with the U.S.

Those were implemented in response to the “extraordinary threat posed by illegal aliens and drugs” that the Trump administration said were coming across the borders, according to a White House press release.

February 18, 2025
LARRY KUDLOW: Elon Musk and DOGE are finding fraud — everywhere

If you think there’s no waste, fraud, abuse, or corruption in the federal government — as many Democrats that want to stop Elon Musk and the Department of Government Efficiency keep telling us — think again.

After just a few weeks, the evidence is mounting and the numbers are growing larger.

Let me start with Mr. Musk’s Social Security database discovery, posted to his profile on X, that 20.7 million beneficiaries are allegedly over the age of 100 — including 3.9 million in the 130-to-139 age range. More than 3.5 million in the 140-to-149 range. And over 1.3 million in the 150-to-159 range.

Seriously, does anybody believe these people are still alive?

The former Director of the Social Security Administration tried desperately to keep DOGE out of Social Security. No wonder, if much of it is a scam.

Just how much?

Well, Robert Sterling — a Marine Corps veteran, former M&A specialist at Koch Industries, and current managing partner at EV Partners — calculates that roughly $522 billion, which is one third of all spending on Social Security each year, could potentially be fraudulent.

He arrives at his estimate by calculating that the U.S. Census says there are 101,000 living centenarians. The average monthly benefit is around $2,100, times twelve months, equals $522 billion — or one third of all Social Security spending. That’s incredible.

Now, the DOGE people will review all these numbers, but something is surely fraudulently remiss in the Social Security Administration.

Former House Speaker Newt Gingrich calls out corruption in government on ‘Kudlow.’

And there’s going to be a lot more.

A couple of billion dollars at the Department of Housing and Urban Development was “misplaced” and recovered by DOGE.

The Environmental Protection Agency’s administrator, Lee Zeldin, discovered a $20 billion slush fund at the agency that should not be spent.

The Wall Street Journal’s editorial page cited a Government Accountability Office report last spring that estimated the federal government could be losing between $233 billion and $521 billion annually to fraud.

The GAO earlier estimated between $100 and $135 billion of fraudulent pandemic unemployment benefits.

Even the IRS paused processing pandemic employee retention tax credits because they soared to more than $230 billion and counting from $55 billion initially.

Believe it or not, the Department of Health and Human Services last year estimated $85 billion in improper payments in Medicare and Medicaid — though, of course, they haven’t done anything about it.

Then-President-elect Donald Trump walks with Elon Musk before attending a viewing of the launch of the sixth test flight of the SpaceX Starship rocket, in Brownsville, Texas, Nov. 19, 2024 . (Brandon Bell/Pool via REUTERS TPX IMAGES OF THE DAY / Reuters)

And the DOGE team is just getting started. But you know that the growing pile of fraud and corruption is going to keep on growing.

There has not been a serious financial audit in a long time. Way back when, President Clinton and Vice President Gore tried it. Even President Obama talked about it.

But the key point is that, with Mr. Musk’s jet fuel driving the process, President Trump’s audit is going to be implemented.

And legal scholars are pointing out that the Musk team is made up of political appointees who, of course, are now federal employees — and must be permitted to do their job.

You can bet they will do just that. And that’s exactly what people voted for.

February 18, 2025
Elon Musk hints new Grok AI could beat Warren Buffett’s March Madness bracket

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Billionaire Elon Musk on Monday said his startup xAI’s latest iteration of the Grok chatbot could help college basketball fans pick a perfect bracket once March Madness begins.

xAI rolled out its new chatbot Grok-3, which is powered by artificial intelligence (AI), on Monday night, and during its event the company’s lead researcher, Jimmy Paul, noted, “We can also do something more fun. For example, how about make a prediction about March Madness?”

“This is kind of a fun one where Warren Buffett has a billion bet that if you exactly match the entire winning tree of March Madness, you can win a billion dollars from Warren Buffett,” Musk said in reference to the NCAA Basketball tournament bracket.

“It would be pretty cool if AI could help you win a billion dollars from Buffett. It seems like a pretty good investment,” he added.

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No contestant has ever picked a perfect March Madness bracket. (Mitchell Layton/Getty Images)

Warren Buffett partnered with Yahoo and Quicken Loans in 2014 to offer a contest in which any contestant who picks a perfect March Madness bracket would win $1 billion. The contest had no winner that year and the jackpot went unclaimed, and the contest has changed in the years since.

Buffett and Berkshire Hathaway revised the challenge so that only company employees are eligible to win the new prize, which is $1 million per year.

The company is yet to announce the details of this year’s contest.

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Elon Musk says xAI’s new Grok-3 could help pick a perfect March Madness bracket. (Tom Williams/CQ-Roll Call via Getty Images)

No one has ever picked a perfect NCAA Tournament bracket despite millions of brackets being submitted on various platforms each year when March Madness begins.

To pick a perfect bracket, the would-be oracle of March Madness would have to correctly pick all 63 games in the tournament – including 32 games in the round of 64, plus 16 games in the round of 32, eight games in the Sweet 16, four games in the Elite Eight, the two Final Four games as well as the national championship game. The so-called First Four games, which allow the winners to advance to the round of 64, are typically disregarded in bracket contests.

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College basketball fans submit millions of brackets each year when March Madness begins. (Ethan Miller/Getty Images)

The NCAA analyzed the probability of making perfect picks for the 63 games in the March Madness bracket.

If a bracket picker guesses the outcome of each game, there is a 1 in 9.2 quintillion chance of picking a perfect bracket, per the NCAA. For reference, one quintillion is one billion billions.

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The odds are slightly better for a bracket picker who is knowledgeable about college basketball, though they still face long odds of about 1 in 120.2 billion, according to the NCAA.

February 18, 2025