‘He profits when our economy implodes’: Trump’s commerce secretary under fire over market crash

Bill Ackman criticized US Commerce Secretary Howard Lutnick, accusing him of having a conflict of interest due to his former firm Cantor Fitzgerald's investment in long-term bonds. Ackman claimed Lutnick profits from the economy's struggles. He also warned that President Donald Trump's tariff policies could lead to an economic downturn and loss of business confidence.