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President-elect Donald Trump inherits a historically high stock market, raising concerns about a potential crash. While past performance shows significant gains during his first term, current valuations suggest a possible short-lived correction. However, history indicates that patient investors may find opportunities even amid market volatility.
Donald Trump, named Time's 2024 Person of the Year, will ring the opening bell at the New York Stock Exchange, marking a significant moment in his dual recognition as a prominent New Yorker and businessman. This event highlights his ongoing connection to the stock market as a measure of public approval and success. Despite his legal challenges, Trump continues to engage with the public, having campaigned in New York while facing a criminal trial. His appearance at the stock exchange is a notable first, symbolizing U.S. capitalism and his enduring influence in the business world.
Donald Trump has appointed David Sacks as the White House AI and Crypto Czar, aiming to position the U.S. as a leader in both fields. Sacks will guide policy to foster innovation while addressing regulatory clarity for the crypto industry. Trump plans to repeal Biden's Executive Order on AI, advocating for development rooted in free speech and human flourishing.
Micron Technology's stock surged 2.47% in pre-market trading after securing over $6.1 billion for U.S. chip manufacturing, which is expected to create 20,000 jobs by the decade's end. The investment will fund advanced memory chip facilities in New York and Idaho, with an additional $275 million for expansion in Virginia, aimed at bolstering national security and the U.S. semiconductor supply chain. Despite recent challenges, including a pause in grant applications, Micron has a consensus price target of $145 from analysts.
Mark Cuban discussed his pharmaceutical venture, Cost Plus Drugs, which has significantly reduced drug prices and demonstrated potential savings for Medicare. He criticized SEC chair Gary Gensler's stance on crypto, linking it to Kamala Harris's election loss, and emphasized the need for candidates to engage more effectively on social media. Cuban also highlighted the importance of narrative control in political campaigns, contrasting strategies used by Democrats and Donald Trump.
Donald Trump won the 2024 US presidential election, promising to make the US the "crypto capital of the world" and ease regulations for the crypto industry. With a Republican majority in Congress, he plans to establish a presidential crypto advisory board and replace SEC Chairman Gary Gensler, a known critic of the industry. Investors are optimistic about a new regulatory era that could foster innovation and strengthen the US's position in the crypto sector.
U.S. stock futures are up as Wall Street heads for a winning week, with the 10-year Treasury at its lowest since late October. The Biden administration is considering semiconductor export restrictions to China, but chip stocks rise amid less severe concerns. Meanwhile, retail stocks see slight gains on Black Friday, and holiday shopping is projected to be the slowest in six years despite a 4% increase in online sales.
Kurt Reiman, head of fixed income at UBS, discusses the implications of Donald Trump's presidential election success on the US economy. As Trump finalizes his cabinet appointments, insights are shared on the anticipated economic direction under his leadership in this new term.
Musk's rivalry with Bezos intensifies as Trump’s victory boosts Musk's influence in the space industry. While Bezos attempts to mend ties with Trump, Musk enjoys a favorable relationship, raising concerns among competitors about potential favoritism in government contracts and NASA leadership. Blue Origin fears Musk's ambitions could undermine competition and national security in the space sector.
Investors are concerned about President Trump's policies and the escalating war in Ukraine, leading to a shift towards safe havens. Nestlé's shares have fallen over 20% this year due to slow growth, while Nvidia reported impressive sales but faced high expectations. Swiss GDP growth slowed to 0.2%, with a notable trade surplus driven by the chemicals and pharmaceuticals sector.
Kamala Harris
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stock market outlook under president elect trump historical insights and concerns
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10:51 12.12.2024
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13:45 24.11.2024
market volatility amid political uncertainty and corporate earnings mixed results
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