CEOs prepare for Trump administration
President-elect Trump has criticized the Biden administration’s efforts to regulate gas appliances and has vowed to reverse those policies when he takes office.
With President-elect Trump taking office on Monday, Wall Street and Corporate America are bracing for a major shift from the past four years. and crypto, and what he sees as a bloated federal workforce. He will also inherit a bloated national debt.
In this special edition of the FOX Business Rundown Newsletter, we take a look at what to watch in the coming months.
Wall Street is CELEBRATING. Stocks ended the week on a high note ahead of Trump’s inauguration, with the Dow and S&P 500 having their best week since his election victory…more on the markets here. In the crypto world, Bitcoin is now trading at over $100,000…LIVE cryptocurrency prices here.
The reduction of inflation will also be on the president’s table. Here’s the latest on where consumer prices are…continue reading here.
VIDEO: The head of crypto at trading app Robinhood offers insight into Trump’s impact on the industry.
NATIONAL DEBT BOMBTrillions in national debt is the Achilles heel of the US…continue reading here.
DOGE: The Department of Government Efficiency, led by Elon Musk, is already aiming to cut fat in an effort to save what it 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, have opened their coffers for Trump’s inauguration, donating huge amounts of…continue reading here.
WITH ONE: Many CEOs traveled to Mar-a-Lago to break bread with Trump after his victory in November…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 the business, especially food.
HE DID NOT WAKE UP ANYMORE. Trump ignored the vigilance during the campaign.In recent weeks, a number of companies have begun to push back on their DEI policies…continue reading here. In the case of Meta, CEO Mark Zuckerberg accused his former right-hand man of leaning left…continue reading here.
TRUMP’S ENTRY DATE
Head of the Treasury. Scott Besant, Trump’s Treasury pick, won high praise for his confirmation hearing, shutting down Bernie Sanders…continue reading here. He also promised to lead the IRS by treating all taxpayers equally…continue reading here.
VIDEO: Besant also promises to make Trump’s 2017 tax cuts permanent.
“DRILL, BABY, DRILL!” Biden imposed the drilling ban in his final days in office, a move that angered Trump, who says he would repeal it on day one…continue reading here. Elsewhere, Trump’s pick to lead the Energy Department is 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 US will begin on Sunday, hours before Monday’s inauguration, a prominent investor says he has $20 billion ready for the social media app…continue reading here.
HAVE A COKE AND A SMILE. It’s no secret that Trump loves Diet Coke, and that’s why the soda maker gave him a special gift.…continue reading here.
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