Rick Rieder, BlackRock Global Fixed Income CIO, evaluates President-elect Trump's economic strategy and shares his market outlook on Barron's Roundtable.
This special edition of the FOX Business Rundown newsletter covers the week's biggest stories coming out of the election.
– President-elect Trump builds team
– Energy, DOGE and Health are selected
– Treasurer in limbo
-JP Morgan CEO Jamie Dimon is not a candidate for a cabinet post
– Stocks take cues from Federal Reserve vs. President-elect Trump
– Bitcoin reaches record territory
Build your team's playing cards: President-elect Trump on Saturday nominated Liberty Energy CEO Chris Wright as secretary of energy, a fracking-friendly…Continue reading here. He is joined by Robert F. Kennedy Jr., selected from the Department of Health and Human Services, and co-heads of DOGE, the Office of Government Efficiency, which promises to cut trillions in government waste, along with Elon Musk and Vivek Ramaswamy. join.Continue reading here.
Waste management: There are two regulators for investors in the United States: the Securities and Exchange Commission (SEC) and the Consumer Financial Protection Bureau (CFPB). Does Wall Street need both? Continue reading here.
video: Gary Cohn, a former Goldman Sachs executive and deputy director of the National Economic Council, offers his thoughts on how DOGE will work.
White House post-election updates
Locked horn: FOX Business first reported that two of the president-elect's top aides are vying for the top position at the Treasury Department.Continue reading here.
video: At the top of the Treasury Department is Scott Bessent, a donor to President Trump.
No go: JPMorgan CEO Jamie Dimon is not part of Team Trump, quashed rumors after Trump's announcement…Continue reading here.
Stock price decline: U.S. stocks fell on Friday, capping a losing week as all three major stock averages retreated from their record highs, boosted by Trump's White House victory.Click here to learn more about the market.
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| Me: DJI | Dow Jones Average | 43444.99 | -305.87 | -0.70% |
| SP500 | S&P500 | 5870.62 | -78.55 | -1.32% |
| I: Comp | Nasdaq Composite Index | 18680.120875 | -427.53 | -2.24% |
The drop wasn't about the incoming administration, but about an update from Federal Reserve Chairman Jerome Powell…Continue reading here.
video: BlackRock's Rick Rieder says Trump has an economy with “momentum” despite falling stock prices.
ETF Report: FOXBUSINESS.COM
Record rise: Bitcoin briefly hit an all-time high of $93,000, but has fallen this week as investors prepare for a pro-crypto president…Continue reading here.
video: Why can Bitcoin continue to rise?
Personal finance tips and tricks
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