Alex Ossola

And for the week, the Dow fell 3%, its worst showing since April 2025.

The S&P slid 2%, and the Nasdaq lost 1.2% this week.

Coming up, the government's plan for tariff refunds.

That's after the break.

Yesterday, President Trump announced that he plans to nominate Senator Mark Wayne Mullen of Oklahoma as leader of the Department of Homeland Security.

In choosing Mullen, the president selected someone as pugnacious as former Secretary Kristi Noem and signaled he doesn't plan to back off on immigration.

Lindsay Wise covers Congress for the journal and is here to tell us more about Mullen, a former MMA fighter known for being a Trump whisperer.

Lindsay, what do we know about Mullen?

What is he like?

He was first elected to the House in 2012 and the Senate in 2022.

So he's been around Washington for a while.

What kind of impression does he leave around the Hill?

Right.

So Noem was pushed out after this big criticism of how DHS handled the administration's immigration crackdown.

Mullen has defended ICE agents and pushed back against many changes Democrats want to see in return for restoring funds to DHS, as he said on CNBC last month.

What else do we know about where Mullen stands on the administration's immigration policy?

That was WSJ reporter Lindsay Wise.

Thanks, Lindsay.

Thank you.

Elsewhere in Washington, Texas Representative Tony Gonzalez said he wouldn't seek re-election.