MORNING HEADLINES  | Conway native Scott Bessent, a billionaire hedge fund manager who now lives in Charleston, is President-elect Donald Trump’s pick to lead the U.S. Department of the Treasury.

From his years working for George Soros to his role as a key economic advisor to Trump, Bessent has extensive if contradictory Wall Street experience.

Wall Street analysts believe Bessent will encourage Trump to roll back his aggressive plans for imposing tariffs on imported goods.

Scott Bessent is stepping out from behind decades of hedge-fund desks into the Treasury Secretary’s office with one goal: to leave his fingerprints on the global economy. President Donald Trump has tapped the 61-year-old economic historian turned hedge-fund manager to take the reins at the Treasury Department.

President-elect Donald Trump picked billionaire hedge fund manager Scott Bessent as his choice for the secretary of the United States Treasury.

Scott Bessent is an investor and hedge fund manager. He served as chief investment officer at Soros Fund Management before founding Key Square Group, an investment firm that focuses on macroeconomic strategies, including analyzing economic, political, and market conditions to place trades on currencies, interest rates, commodities and equities.

Fox News' Bryan Llenas reports the latest on Trump's Cabinet picks from West Palm Beach, Florida.

Bessent has been a major donor to Trump, giving $1 million to the Republican candidate for his 2016 inauguration.

If confirmed, the billionaire hedge fund manager will have authority in areas ranging from the IRS to economic sanctions. Also on the show, World of Warcraft turns 20.