Here's your Forbes Daily Briefing for Friday, January 23rd.

Today on Forbes, WeatherTech founder and Trump's Federal Trade Commission pick is worth over $4 billion.

On a December phone call with Forbes, the founder of the $800 million in revenue private company Weather Tech, David McNeil,

ranted about product labels.

He vented, quote, if you walk into any store in America and you pick up a box, the Federal

Trade Commission requires everything that you purchase to have a country of origin.

But when you go online, there's no regulation for that.

The American consumers are being deceived and cheated by not knowing where the product is being made. This is a serious,

serious situation that needs to be rectified either by executive order or by Congress. Or, he added,

quote, yet to be created FTC guidelines.

No matter that his diatribe included some hyperbole,

the rules mandating country of origin labels for products are complex

and don't apply across the board, according to the FTC and U.S. Customs and Border Protection.

This patriotic rhetoric plays well in certain circles these

days. Just a few weeks after his conversation with Forbes, President Trump nominated McNeil,

a member at Mar-a-Lago who has donated over $3 million to Trump's campaigns, associated PACs, and

inaugurations, to fill one of three open spots on the FTC.

If approved, McNeil, who Forbes estimates is worth more than $4 billion, will become the 12th known

billionaire or billionaire's spouse currently in Trump's government.

The 66-year-old McNeil tells Forbes, quote,

I'm ready to roll up my sleeves and go to work to help every consumer in America.

He's also undoubtedly ready, if confirmed, to use the office to further one of his biggest

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