Some White House officials expect the Cabinet secretary, who has known the president for years, to depart as soon as this summer.Politicsread more
The Guggenheim CIO says he had been approached by the White House about possibly joining the Federal Reserve.The Fedread more
Joe Lonsdale says his fellow Palantir co-founder Peter Thiel was "courageous" for speaking out against Alphabet's Google.Technologyread more
Epstein is accused of sexually exploiting dozens of underage girls from 2002 through 2005 at his New York and Florida residences. He is a former friend of presidents Donald...Politicsread more
When you think of Prime Day, you might be thinking about deals on Instant Pots and Amazon Echo devices — not half-off dresses and designer heels. But the market for apparel...Retailread more
Twitter rebuilt its website from the ground up for the first time ever, here's what it looks like.Technologyread more
Amazon is expanding its empire and Morgan Stanley believes Bezos' ambitious satellite internet plan could become very lucrative.Investing in Spaceread more
Charles Schwab is in talks to buy USAA's brokerage and wealth-management operations for about $2 billion, The Wall Street Journal reported.Wall Streetread more
The talks are expected to be the most contentious in a decade amid "America first" policies from the Trump administration, a tight labor market and thousands of job cuts and...Autosread more
In his prepared testimony for Tuesday's Senate banking committee hearing, Facebook's David Marcus tells lawmakers that the Libra currency will be secure.Technologyread more
These are the stocks posting the largest moves midday.Market Insiderread more
And that could be a "real danger," Baucus told CNBC.
U.S. and Chinese officials met this week in Washington to talk about trade. During those meetings, an agreement between the two countries including possible tariff reductions started to take shape, a senior administration official told CNBC on Friday.
The summit between Kim and Trump is set to take place in Singapore, but it's unclear if it will occur. Kim has threatened to pull out and on Wednesday Trump said "we'll have to see" if the summit is still on.
On Thursday, Trump said the North Korean leader was possibly being influenced by Beijing.
"It's very dangerous because we don't know what's in Kim Jong Un's mind. We don't know what's in [Chinese President] Xi Jinping's mind. We don't know what's in Trump's mind, " said Baucus, a Democratic former senator from Montana.
"We can't trust Kim. It's also a bit hard to trust Xi Jinping. So I wouldn't give up a lot of stuff now hoping we can get Kim to go to Singapore and get a deal," he added.
Baucus also slammed Trump's push to get Chinese company ZTE back into business in the U.S. Last month, the Trump administration barred U.S. companies from selling to ZTE for seven years. The ban was in response to the company's shipping of American goods to Iran and North Korea in violation of sanctions. ZTE has said the ban was unacceptable and threatened its survival.
While top administration officials tried to separate Trump's comments from the trade talks, Trump muddled that message earlier this week. He said on Twitter that his reversal only relates to a "larger trade deal" his administration seeks with Beijing.
Baucus said that while the trade issues with China are legitimate, ZTE should be prosecuted for violating the law.
The White House didn't immediately respond to a request for comment.
— CNBC's Jacob Pramuk and Reuters contributed to this report.