BlackRock Global Fixed Income CIO Rick Rieder examines the President-Elect’s economic playbook and shares his market perspective on ‘Barron’s Roundtable.’
In this special edition of the FOX Business Rundown Newsletter, we look at the week’s biggest stories from the election.
– President-elect Trump is building a party
– Energy, DOGE, Health lead the elections
– Treasury Secretary in limbo
– JPMorgan CEO Jamie Dimon is not an anti-cabinet position
– Stocks take cues from the Federal Reserve vs. Trump is elected
– Bitcoin remains in a record position
BUILDING THE TRUMP TEAM: President-elect Trump has nominated Liberty Energy CEO Chris Wright…keep reading here. He joins the Robert F. Kennedy Jr. Department of Health and Human Services. and the co-heads of DOGE, the Department of Government Efficiency, Elon Musk and Vivek Ramaswamy, who promised to cut billions in government waste…keep reading here.
WASTE MANAGEMENT: US investors have two regulators, the Securities and Exchange Commission (SEC) and the Consumer Financial Protection Bureau (CFPB). Does Wall Street need both? keep reading here.
VIDEO: Gary Cohn, former Goldman Sachs executive and former deputy director of the National Economic Council, examines how DOGE can work.
THE WHITE HOUSE, AFTER THE LAST ELECTION
LOCKED HORSES: FOX Business first reported that two people close to the president-elect are vying for the top position at the Treasury…keep reading here.
VIDEO: Trump donor Scott Bessent leads the Treasury.
NO GO: JPMorgan CEO Jamie Dimon will not be part of Team Trump, dismissing rumors after Trump announced…keep reading here.
STOCKS SLIP: US stocks fell on Friday, ending a losing week, as all three major stocks retreated to record highs fueled by Trump’s victory in the White House…lots of markets here.
| A ticker | Security | Finally | Change | Change % |
|---|---|---|---|---|
| Me: DJI | DOW JONES QUANTITIES | 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 less about the incoming administration and more about the latest from Federal Reserve Chairman Jerome Powell…keep reading here.
VIDEO: Even with the recession, Trump is getting the economy with “momentum,” said BlackRock’s Rick Rieder.
ETF REPORT: FOXBUSINESS.COM
RECORD THE GROWTH: Bitcoin briefly touched $93,000, an all-time high, before retreating this week as investors braced for the president’s pro-crypto…keep reading here.
VIDEO: Why Bitcoin can keep going up.
PERSONAL FINANCIAL TIPS AND TIPS
DON’T MISS: FOX Business Rundown Podcast – many podcasts here.
FOX Business podcasts (Fox Business)
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