BlackRock World Mounted Earnings CIO Rick Rieder evaluates President-elect Trump’s financial playbook and shares his market outlook on ‘Barron’s Roundtable.’
On this particular version of the FOX Enterprise Rundown Publication, we have a look at the week’s greatest tales popping out of the election.
– President-elect Trump builds crew
– Power, DOGE, Well being lead the picks
– Treasury secretary in limbo
– JPMorgan CEO Jamie Dimon not a contender for a cupboard publish
– Shares take cues from the Federal Reserve vs. President-elect Trump
– Bitcoin lands in report territory
BUILDING TEAM TRUMP: President-elect Trump named his fracking-friendly power secretary decide, Liberty Power CEO Chris Wright Saturday…proceed studying right here. He joins Division of Well being and Human Companies decide Robert F. Kennedy Jr. and the co-heads of DOGE, the Division of Authorities Effectivity, Elon Musk and Vivek Ramaswamy, who’re promising to trim trillions in authorities waste…proceed studying right here.
WASTE MANAGEMENT: U.S. buyers have two regulators, the Securities and Alternate Fee (SEC) and the Shopper Monetary Safety Bureau (CFPB). Does Wall Road want each? proceed studying right here.
VIDEO: Gary Cohn, former Goldman Sachs government and former deputy director of the Nationwide Financial Council, weighs in on how DOGE may work.
WHITE HOUSE, POST ELECTION LATEST
LOCKED HORNS: FOX Enterprise was first to report that two of the president-elect’s shut confidantes are vying for the highest function in Treasury…proceed studying right here.
VIDEO: Trump donor Scott Bessent in lead for Treasury.
NO GO: JPMorgan CEO Jamie Dimon will not be a part of crew Trump, squashing rumors after Trump makes the announcement…proceed studying right here.
STOCKS SLIP: U.S. shares fell on Friday, capping a dropping week, as all three of the main averages pulled again from report highs fueled by Trump’s White Home win…extra on the markets right here.
| Ticker | Safety | Final | Change | Change % |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 43444.99 | -305.87 | -0.70% |
| SP500 | S&P 500 | 5870.62 | -78.55 | -1.32% |
| I:COMP | NASDAQ COMPOSITE INDEX | 18680.120875 | -427.53 | -2.24% |
The selloff was much less concerning the incoming administration and extra concerning the newest from Federal Reserve Chair Jerome Powell…proceed studying right here.
VIDEO: Even with the pullback in equities, Trump is getting an financial system with “momentum” says BlackRock’s Rick Rieder.
THE ETF REPORT: FOXBUSINESS.COM
RECORD CLIMB: Bitcoin briefly touched $93,000, a brand new all-time excessive, earlier than pulling again this week as buyers prepared for a pro-crypto president…proceed studying right here.
VIDEO: Why Bitcoin can preserve climbing.
PERSONAL FINANCE TIPS & TRICKS
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