Revisiting themes from his improbable campaign victory, Trump said his presidency would aim to help struggling middle-class families, build up the U.S. military and strengthen U.S. borders, while transferring power from Washington and giving it back to "you, the people."
While a desperate Saudi Arabia jawbones how well OPEC production cuts are going, the road ahead looks like a surge in US Shale supply is coming. Following a brief dip in the previous week, US oil rig counts soared 29 to 551 last week - the biggest weekly rise sicne April 2013 - to the highest since Nov 2015.
President Trump’s economic plan will create 25 million new jobs in next decade, “return to 4 percent annual economic growth,” "lower rates for Americans in every tax bracket, simplify the tax code, and reduce the U.S. corporate tax rate” according to a statement posted on the White House wesbite.
CNN has been criticized for aring a report entitled 'Disaster could put Obama cabinet member in Oval Office', the report admits that there is no specific threat targeting the inauguration, but goes on to speculate about “who would be in charge if an attack hit the incoming president….just as the transfer of power is underway”.
And just like that one of Hillary Clinton's biggest supporters, Warren Buffett, has flipped and after predicting doom under Trump, now expects prosperity for the US under America's new president, while saying he “overwhelmingly” supports Trump’s cabinet picks.
The post-Brexit euphoria appears to have abruptly vanished in December as UK core retail sales plunged 2.0% month-over-month, the biggest drop since May 2011. Ironically, this crack in the 'Brexit Boom' occurred an hour before U.K. Chancellor of the ExchequerPhilip Hammondtold a Davos gathering on Friday that an inflation pickup will put a damper on consumers this year. Cable tumbled on the print (not helped by London home pre-sales plunging).
Proving you can place bets on just about anything, the Irish bookie, PaddyPower, is making markets on several inauguration-related events ranging from the color of Donald Trump's skin at the swearing in ceremony to the color of Melania's dress to the likelihood of Julian Assange and Vlad Putin making an appearance.
1) "The speech is an attempt to address the deep structural problems facing American society", 2) The speech is "not ideological": "It's a rejection of ideological thinking., 3) The speech will convey "that a nation and its people and its affairs are like a family and you need to take care of them."
Following former Mexican commerce secretary Gutierrez' comments that "Mexico has to show a tough stance against Trump," the peso is surging stronger (from previous intervention levels) ahead of the inauguration...