In this special edition of the FOX Business Rundown Newsletter, we look at the week’s biggest stories coming out of the election.
– President-elect Trump builds team
– Energy, DOGE, Health lead the picks
– Treasury secretary in limbo
– JPMorgan CEO Jamie Dimon not a contender for a cabinet post
– Stocks take cues from the Federal Reserve vs. President-elect Trump
– Bitcoin lands in record territory
BUILDING TEAM TRUMP: President-elect Trump named his fracking-friendly energy secretary pick, Liberty Energy CEO Chris Wright Saturday…continue reading here. He joins Department of Health and Human Services pick Robert F. Kennedy Jr. and the co-heads of DOGE, the Department of Government Efficiency, Elon Musk and Vivek Ramaswamy, who are promising to trim trillions in government waste…continue reading here.
WASTE MANAGEMENT: U.S. investors have two regulators, the Securities and Exchange Commission (SEC) and the Consumer Financial Protection Bureau (CFPB). Does Wall Street need both? continue reading here.
VIDEO: Gary Cohn, former Goldman Sachs executive and former deputy director of the National Economic Council, weighs in on how DOGE could work.
WHITE HOUSE, POST ELECTION LATEST
LOCKED HORNS: FOX Business was first to report that two of the president-elect’s close confidantes are vying for the top role in Treasury…continue reading here.
VIDEO: Trump donor Scott Bessent in lead for Treasury.
NO GO: JPMorgan CEO Jamie Dimon won’t be part of team Trump, squashing rumors after Trump makes the announcement…continue reading here.
STOCKS SLIP: U.S. stocks fell on Friday, capping a losing week, as all three of the major averages pulled back from record highs fueled by Trump’s White House win…more on the markets here.
| Ticker | Security | Last | 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 less about the incoming administration and more about the latest from Federal Reserve Chair Jerome Powell…continue reading here.
VIDEO: Even with the pullback in equities, Trump is getting an economy with “momentum” says BlackRock’s Rick Rieder.
THE ETF REPORT: FOXBUSINESS.COM
RECORD CLIMB: Bitcoin briefly touched $93,000, a new all-time high, before pulling back this week as investors ready for a pro-crypto president…continue reading here.
VIDEO: Why Bitcoin can keep climbing.
PERSONAL FINANCE TIPS & TRICKS
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