President-elect Trump criticized the Biden administration’s efforts to regulate gas appliances and vowed to reverse those policies when he takes office.
President-elect Trump will take office on Monday, and Wall Street and Corporate America are bracing for a big change from the past four years. Trump has promised to push his pro-growth policies with tax cuts and major moves that will affect industries such as energy 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 FESTON: Stocks ended the week on a high before Trump took office. The Dow and S&P 500 had 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.
Lowering inflation will also be on the president’s plate. Here’s the latest on where consumer prices stand…continue reading here.
VIDEO: Crypto head of trading app Robinhood paints a picture of Trump’s impact on the sector.
NATIONAL DEBT BOMB: Trillions in national debt is the Achilles heel for the US….continue reading here.
DOGE: The Department of Government Efficiency, headed by Elon Musk, is already aiming to trim the fat in efforts 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, opened their coffers for Trump’s inauguration, donating a staggering amount…continue reading here.
ALONE: Many CEOs made a trip 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.
DO NOT wake up again: Trump dismissed the awakening on the campaign trail. In recent weeks, a host of companies have begun reversing their DEI policies…continue reading here. In Meta’s case, CEO Mark Zuckerberg blamed his former right-hand man for pushing the left…continue reading here.
TRUMP’S INTRODUCTORY TERM
chief treasurer: Scott Bessent, Trump’s Treasury pick, earned high marks 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: Bessent also promises to make Trump’s 2017 tax cuts permanent.
TAX ADVICE: WHAT TO KNOW
“DRILL, BABY, DRILL”: Biden pushed through a drilling ban during his final days in office. The move angered Trump, who says he will rescind it on day one…continue reading here. Elsewhere, Trump’s pick to lead the Department of Energy is about to hit the ground running…continue reading here.
VIDEO: Trump explains how he will make America energy independent…again.
TIKTOK AND CHINA: The TikTok ban in the US will begin on Sunday, hours before Monday’s inauguration. A celebrity investor says he has nearly $20 billion to buy the social media app…continue reading here.
HAVE A COCK 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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