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Trump’s plan to enlist Elon Musk began at Lubavitcher Rebbe’s grave
In podcast interview, Commerce Secretary Howard Lutnick recalled the visit, which occurred on the anniversary of the Oct. 7 Hamas attack on Israel
By Jacob Kornbluh “This story was originally published in the Forward (Click here to get the Forward’s free email newsletters delivered to your inbox.”)
President Donald Trump first discussed the idea to enlist Elon Musk to lead the Department of Government Efficiency, also known as DOGE, after a visit to the Lubavitcher Rebbe’s grave on Oct. 7, 2024, the anniversary of the Hamas attack on Israel.
Trump drove to and from the New York City gravesite, known as the Ohel, with Howard Lutnick, the eventual pick for commerce secretary. During the car ride, the two discussed ways to balance the U.S. budget. “I’m going to go recruit Elon,” Lutnick told Trump. “I don’t know Elon, but he’s perfect for this.”
A week later, Lutnick flew to Texas, where he met with Musk for two hours. Musk told Lutnick he wanted to cut 80% of the federal workforce, similar to what he had done at Twitter when he acquired the social media platform.
We’re going to name it DOGE,” said Lutnick, who said he already registered the name. Lutnick recalled the story on a recent episode of the All-In podcast.
Musk told Fox News last week that he intends to cut $1 trillion from the U.S. deficit and wrap up his work with DOGE by the end of May.
‘Pretty cool’ way to get Orthodox votes
In the interview, Lutnick also said that Trump believed he’d secure tens of thousands of Orthodox votes in New York by visiting the gravesite.
“You know, the people who wear black hats think he’s the Messiah,” Lutnick said, referring to a movement that believes Rabbi Menachem Mendel Schneerson, who died in 1994, is the messiah. The Chabad-Lubavitch leadership has long rejected such claims.
“They have a crypt for him where you write a note and you put a note in,” Lutnick said. “And so we agreed we’d go out to that grave site, and we would probably win 60,000 of those kinds of voters, which is pretty cool.”
Post-election polls showed Trump and Republican candidates increased their support in New York’s key swing districts with sizable Jewish populations. In Crown Heights, the worldwide headquarters of Chabad-Lubavitch, Trump received 65% of the vote.
The gravesite in Queens has become a popular pilgrimage point for followers of the Chabad-Lubavitch movement and the broader Jewish community, as well as politicians from all sides of the political spectrum.
Wearing a yarmulke and standing beside the grave alongside Chabad representatives, relatives of American hostages and Lutnick, Trump recited a chapter of Psalms, placed a note on the grave and laid a small stone on the headstone. He also lit a memorial candle to honor the Oct. 7 victims.
In 2016, Trump’s daughter Ivanka and her husband, Jared Kushner, prayed at the Ohel on the weekend before the election.
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Dollar Struggles to Rebound as Fragile US-Iran Ceasefire Keeps Markets Wary
U.S. $100 bills. Photo: Wikimedia Commons.
A fragile calm reigned across currency markets on Thursday as traders kept their eyes fixed on whether the ceasefire between the US and Iran would hold, a day after its announcement sent the dollar tumbling across the board.
The deal appeared to be on thin ice, as Israel bombed more targets in Lebanon, and there was no sign Iran had lifted its blockade of the Strait of Hormuz, which has caused the worst disruption to global energy supplies in history.
Iranian negotiators were expected to set off later on Thursday for Pakistan for the first peace talks of the war, but Tehran said there would be no deal as long as Israel was striking Lebanon.
President Donald Trump said all US ships, aircraft, and military personnel would stay in place in and around Iran until it fully complied with a deal.
The uncertainty left currency markets on edge.
The euro was up 0.17 percent at $1.1683. It had gained 0.6 percent on Wednesday, but retreated late in the day having touched a one-month high of $1.1721 earlier in the session.
Sterling similarly was 0.21 percent higher at $1.342, after gaining 0.77 percent on Wednesday, but retreating from as high as $1.348.
Meanwhile, the Japanese yen lost some ground, with the dollar up 0.3 percent at 159.055 yen, having briefly dropped below 158 on Wednesday.
With the Strait of Hormuz closed, “the entire ceasefire remains tenuous,” said Derek Halpenny, head of research global markets EMEA at MUFG. But, he added, “while the US dollar has rebounded, the moves in general have been modest.”
He said the fact that further talks scheduled in Pakistan were still going ahead was keeping any retracement of Wednesday’s moves in check.
Elsewhere, new personal spending data released on Thursday showed that US inflation increased as expected in February and likely rose further in March amid the war with Iran, a trend that is expected to discourage the Federal Reserve from cutting interest rates for a while.
The personal consumption expenditures price index climbed 0.4% after an unrevised 0.3 gain in January, the Commerce Department’s Bureau of Economic Analysis said on Thursday.
Japan’s consumer confidence worsened in March for the first time in three months, a government survey showed on Thursday, adding to a recent string of data pointing to the potential economic hit from the Middle East war, which would complicate the Bank of Japan’s rate-hike decision. The yen showed little reaction to the data.
Speaking in parliament, BOJ Governor Kazuo Ueda said real interest rates were clearly negative and were keeping the country’s financial conditions accommodative.
Other currencies were also broadly steady. The Australian dollar was 0.15 percent higher at $0.7054, while the New Zealand dollar was 0.46 percent higher at $0.585. In cryptocurrencies, bitcoin was last down 0.97 percent at $70,680.
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Opposition Leader Lapid Calls the Ceasefire with Iran a ‘Political Disaster’
FILE PHOTO: Israeli opposition leader Yair Lapid delivers a statement at the Knesset, Israel’s parliament,, in Jerusalem, February 13, 2023. REUTERS/Amir Cohen/File Photo
i24 News – Israeli opposition leader Yair Lapid on Wednesday launched a sharp attack on the ceasefire agreement reached between the United States and Iran, calling it a “political disaster” and directly blaming Prime Minister Benjamin Netanyahu.
In a post on X, Lapid said the agreement sidelined Israel from critical decisions affecting its national security. “Never in our entire history have we experienced such a diplomatic disaster,” he wrote, adding that “Israel wasn’t even at the table when decisions were made regarding the core of our security.”
Lapid accused Netanyahu of failing to translate military achievements into strategic gains, despite praising the performance of the Israeli military and the resilience of the public during the conflict. “The army has accomplished everything that was asked of it, and the citizens have shown remarkable strength,” he said.
However, he argued that those efforts were not matched by political leadership. “Netanyahu has failed politically, failed strategically, and has not achieved any of the goals he set for himself,” Lapid added.
The opposition leader also warned of long-term consequences stemming from the agreement, saying the fallout could take years to repair. He criticized the government’s handling of the crisis, citing what he described as “arrogance, negligence, and a lack of strategic vision.”
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A Toll for Using Hormuz Would Be a ‘Dangerous Precedent’, UN’s Ship Agency Says
A map showing the Strait of Hormuz is seen in this illustration taken June 22, 2025. Photo: REUTERS/Dado Ruvic/Illustration
Imposing a toll on ships sailing through the critical Strait of Hormuz would “set a dangerous precedent” and countries should not impede freedom of navigation, the UN’s shipping agency said on Thursday.
Iranian officials have raised the idea of charging a toll for using the Strait after a two-week ceasefire between the United States and Tehran was agreed this week.
“There is no international agreement where tolls can be introduced for transiting international straits. Any such toll will set a dangerous precedent,” a spokesperson with the UN’s International Maritime Organization said.
IMO countries adopted the UN Convention on the Law of the Seas, or UNCLOS, which outlines the rules that govern straits used for international navigation.
“According to UNCLOS, ships enjoy the right of transit passage through international straits. States bordering straits shall not hamper that right or suspend the transit passage,” the IMO spokesperson said.