President-elect Trump has criticized the Biden administration’s efforts to regulate gas-powered appliances and has vowed to reverse those policies when he takes office.
President-elect Trump will take office on Monday, and Wall Street and Corporate America are preparing for a big change from the last four years. Trump has promised to push his pro-growth policies with tax cuts and big moves that will impact industries like energy and crypto and what he sees as a bloated federal workforce. You also inherit a bloated national debt.
In this special edition of the FOX Business Rundown Newsletter, we take a look at what to expect in the coming months.
WALL STREET CELEBRATE: Stocks ended the week on a high note before Trump took office. The Dow and S&P 500 had the best week since his election victory…more about the markets here. In the crypto world, bitcoin is now trading at over $100,000…LIVE cryptocurrency prices here.
The decrease in inflation will also be on the president’s plan. Here’s the latest on where consumer prices stand…continue reading here.
VIDEO: The head of crypto trading app Robinhood gives an outlook on Trump’s impact on the sector.
NATIONAL DEBT BOMB: Trillions in national debt is an Achilles heel for the United States….continue reading here.
DOGE: The Department of Government Efficiency, run by Elon Musk, is already targeting fat to be cut in efforts to save what he estimates could be $2 trillion in government waste…continue reading here.
DEEP POCKETS: Fortune 500 giants, including Meta, Amazon, Ford and Boeing, to name a few, opened their coffers for Trump’s inauguration, donating a staggering sum…continue reading here.
ONE-ON-ONE: Several CEOs made a trip to Mar-a-Lago to break bread with Trump after his November victory…continue reading here.
CEO of WALMART: As FOX Business exclusively reported, Walmart, the world’s largest retailer, had a productive meeting…continue reading here.
VIDEO: Walmart’s CFO gives an update on business, especially food.
No longer wakes up: Trump unleashed wokeism on the campaign trail. Over the past few weeks, a number of companies have begun to roll back their DEI policies…continue reading here. In the case of Meta, the CEO Mark Zuckerberg, hit his former right hand for the left push…continue reading here.
TRUMP’S TERM ARRIVED
CHIEF OF THE TREASURY: Scott Bessent, Trump’s Treasury pick, earned high marks for his confirmation hearing, shutting down Bernie Sanders…continue reading here. He also promised to run the IRS by treating all taxpayers equally…continue reading here.
VIDEO: Bessent also promises to make Trump’s tax cuts permanent in 2017.
“DRILL, BABY, DRILL”: Biden pushed for a drilling ban during his final days in office. The move has angered Trump, who says he will reverse it on Day 1…continue reading here. Elsewhere, Trump’s picks to run the Department of Energy are poised to hit the ground running…continue reading here.
VIDEO: Trump explains how he will make America energy independent…again.
TIKTOK AND CHINA: The ban on TikTok in the United States will begin on Sunday, hours before the inauguration on Monday. A famous investor says he has $20 billion ready to go for the social media app…continue reading here.
TAKE A COOK AND A SMILE: It’s no secret that Trump loves a Diet Coke and that’s why the soda maker gave him a special gift…continue reading here.
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2025-01-18 02:26:00
