‘Take a deep breath': US Treasury chief tells markets ahead of Trump's Davos moment

US President Donald Trump's highly anticipated World Economic Forum address at Davos is just a few minutes away. Ahead of the high-stakes address, US Treasury Secretary Scott Bessent repeatedly urged global markets and European leaders to "sit back, relax†and "take a deep breath.†"Everyone take a deep breath,†Bessent told CNBC. Do not escalate … President Trump has a strategy here. Hear him out, and then everything will be fine. The Treasury chief's intervention underscores a critical fault line emerging ...