President-elect Trump has criticized the Biden administration’s efforts to regulate gas appliances and has vowed to change the policy when he takes office.
President-elect Trump will take office on Monday, and Wall Street and Corporate America are bracing for a major shift from the past four years. Trump has promised to push his pro-growth policies with tax cuts and big moves that will affect industries like energy and crypto and what he sees as an over-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 CELEBRATES: Stocks ended the week high ahead of Trump’s inauguration. The Dow and S&P 500 had their best week since his election victory…more about markets here. In the crypto world, bitcoin is now trading at over $100,000…LIVE cryptocurrency prices here.
Reducing inflation will also be on the president’s plate. Here is the latest information on the state of consumer prices…continue reading here.
VIDEO: Crypto head of trading app Robinhood gives insight into Trump’s impact on the sector.
NATIONAL DEBT BOMB: Trillions of national debt is the Achilles’ heel for the US…continue reading here.
DOGE: The Department of Government Efficiency, led by Elon Musk, is already targeting fat reductions 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, opened their coffers for Trump’s inauguration, donating a staggering sum…continue reading here.
ONE ON ONE: Many CEOs went to Mar-a-Lago to break bread with Trump after his victory in November…continue reading here.
WALMART CEO: As exclusively reported by FOX Business, Walmart, the world’s largest retailer, had a productive meeting…continue reading here.
VIDEO: Walmart’s CFO gives business updates, especially food.
HE DID NOT WAKE UP AGAIN: Trump destroyed wakeism on the campaign trail. In recent weeks, a number of companies have begun withdrawing their DEI policies…continue reading here. In Meta’s case, CEO Mark Zuckerberg blamed his former right-hand man for leftist push…continue reading here.
TRUMP’S COMING MANDATE
HEAD OF THE TREASURY: Scott Bessent, Trump’s finance 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 YOU NEED TO KNOW
“DRILL, BABY, DRILL”: Biden pushed through 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. On the other hand, Trump’s picks to lead the Department of Energy are ready to begin…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. One celebrity investor says he has $20 billion ready for a social networking app…continue reading here.
TAKE A COKE AND 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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