Happening now breaking news, trade war off ramp.

The Treasury Secretary is just about to speak as the Trump administration signals the steep tariffs may soon be loosening up.

And spousal scrutiny, Defense Secretary Pete Hexette's wife wasn't just in the signal chat.

We have new CNN reporting on her near constant presence

in his inner circle, even though she doesn't

have an official position at the Pentagon.

Welcome to our viewers here in the United States

and around the world.

I'm Wolf Blitzer with Pamela Brown,

and you're in the Situation Room.

This is CNN Breaking News.

Breaking news.

We're following a flash of optimism on Wall Street.

Right now, the Dow is up about 1,000 points.

You can see right there.

The Dow is up 1,033 points, about a half an hour after the market's open. And it comes off a very positive close yesterday after a four-day losing streak.

This new rally is at least partially credited to the Treasury Secretary Scott Bessett. The source tells CNN that he privately told investors yesterday

that Washington's trade war with China is unsustainable and he expects it to de-escalate.

This hour, Bessett is speaking to an economic outlook forum. That's a public event. And we're

watching to see if he moves the markets again. Let's go live to CNN Business and Politics Correspondent, Vanessa Yurekavich, who's in New York

monitoring all of this.

Vanessa, Secretary Besson's comments about China at that private investment conference

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