President-elect Trump criticized the Biden administration’s efforts to regulate gas-fired appliances and vowed to reverse those policies if he takes office.
President-elect Trump will take office on Monday, and Wall Street and corporate America have been preparing for a major change for the past four years. Trump has promised to pursue his pro-growth policies with tax cuts and big moves that will hit industries like energy and crypto and what he views as a bloated federal workforce. They will also inherit an increased 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 Celebration: Stocks ended the week higher ahead of Trump taking office. The Dow and S&P 500 had their best week since his election victory.,More information on markets here. In the world of crypto, Bitcoin is now trading at over $100,000…Live cryptocurrency prices here.
Reducing inflation will also be on the President’s plate. Here’s the latest on where consumer prices are…Continue reading here.
Video: Robinhood trading app’s crypto chief gives perspective on Trump’s impact on the sector.
national debt bomb: Trillions of national debts are a sad state of affairs for America…Continue reading here.
Doge: The Department for Government Efficiency, run by Elon Musk, is already taking aim at the fat in efforts to cut down an estimated $2 trillion in government waste…Continue reading here.
Deep Pockets: Fortune 500 giants, including Meta, Amazon, Ford, and Boeing, opened up their coffers for Trump’s inauguration, donating a staggering amount…Continue reading here.
One-on-one: Several CEOs traveled to Mar-a-Lago to eat bread with Trump after his victory in November…Continue reading here.
Walmart CEO: As Fox Business exclusively reports, Walmart, the world’s largest retailer, had a productive meeting…Continue reading here.
Video: Walmart’s CFO gives update on business, especially food.
Don’t wake up anymore: Trump blasted wokeism on the campaign trail. In recent weeks, many companies have begun to roll back their DEI policies…Continue reading here. In the case of Meta, CEO Mark Zuckerberg blamed his former right hand for leaning to the left…Continue reading here.
Trump’s upcoming term
Fund Head: Scott Besant, Trump’s Treasury pick, earned high marks for his confirmation hearing, ousting Bernie Sanders…Continue reading here. He also promised to run the IRS by treating all taxpayers equally…Continue reading here.
Video: Besant is also promising to make Trump’s 2017 tax cuts permanent.
“Drill, Baby, Drill”: Biden pushed forward with the drilling ban during his final days in office. The move angered Trump, who said he would overturn it on day one,Continue reading here. Elsewhere, Trump’s pick to run the Energy Department is set 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 is set to begin on Sunday, hours before Monday’s inauguration. A celebrity investor says he has $20 billion ready to spend for a 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 company gave him a special gift,Continue reading here.
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