Live updates: Texas GOP issues arrest warrants in redistricting showdown with Democrats

Texas Democrats who have taken refuge in blue states to protest GOP-led redistricting in the Lone Star State face civil arrest warrants after missing a legislative session on Monday.

Texas House Speaker Dustin Burrows (R) signed the warrants, which allow for the Democrats' arrests, as Gov. Greg Abbott on Monday called their protest "crazy bluster" and said the state would push ahead with redrawing maps.

In a call with CNBC on Tuesday morning, President Trump said Republicans were "entitled" to five more seats in Texas.

Democratic National Committee (DNC) Chair Ken Martin told CNN on Monday night that Republicans are getting what they asked for: "Donald Trump, Greg Abbott, Ken Paxton, they said they wanted a showdown. And guess what? That’s exactly what they’re getting. A showdown."

The Texas House needs two-thirds of its members present to vote; Democrats' absence has deprived the chamber of that quorum. It will convene its second legislative day without Democrats on Tuesday.

Aside from Texas redistricting, Trump also told the "Squawk Box" anchors that Treasury Secretary Scott Bessent would not be his next Fed chair. And he said banks have turned him away and revived allegations of discrimination against his supporters by large banks while previewing a new executive order to punish those companies.

The president is slated to sign an executive order on Tuesday afternoon.

Follow along all day for updates.