Tired of capital gains taxes, FREC offers low-cost direct indexing strategies designed to help you keep more of what you earn.

Similar market returns on indices like the S&P 500 and save big on taxes with daily tax loss harvesting.

Transform your investment approach. Visit FREC.com. That's fREC.com. Investing involves risk, including risk of loss.

Brokered services provided by FRAC Securities LLC, member FINRAC-SIPC and advisory services provided by affiliate.

Frec Advisors LLC and SEC registered investment advisor.

Markets welcome Scott Besson's nomination for Treasury Secretary.

Wall Street is interpreting that as here's someone who's somewhat practical in how they approach Trump's very, I'm a tariff man kind of policy.

Plus, Wicked defies gravity at the box office, and WSJ's take-on-the-week co-host, Tellis Demos, prescribes a health checkup for our investment

portfolios. It's Monday, November 25th. I'm Kate Bullivan for the Wall Street Journal,

filling in for Luke Vargas, and here is the AM edition of What's News, the top headlines and

business stories moving your world today. Donald Trump is eyeing two investors

for the job of Deputy Secretary of Defence, the second highest-ranking civilian role at the Pentagon.

According to people familiar with the transition, Trace Stevens, a partner at Venture Capital

Firm Founders Fund, is on the list of people Trump is considering.

And as the journal has reported, Stephen Feinberg, co-CEO of Cerberus Capital Management, is also in the running.

The selection of either of these candidates for the role, which would put them in charge of running the defence budget,

could be welcome news for the hundreds of new defence start-ups that have entered the military

market in recent years. Both men have invested into or founded companies in that space. A spokesman

for Feinberg said he hadn't been offered any job in the administration, while Stevens and

Founders Fund declined to comment. Spokespeople for Trump didn't return requests for comment.

Meanwhile, Trump has picked hedge fund manager Scott Besson to lead the Treasury Department,

elevating one of his most vocal supporters in the finance world to a crucial role in his administration.

...