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MNI POLITICAL RISK - Trumps First Post-Election Presser

Daily round-up of news from the US.
StoryPolitical Risk

Executive summary:

  • US President-elect Donald Trump delivered his first press conference since winning re-election in November, at his Mar-a-Lago resort in Florida yesterday. Trump was joined at the podium by his Commerce Secretary nominee Howard Lutnick and for the first few minutes by SoftBank’s chief executive Masayoshi Son to announce a $100 billion investment. Inside we have a full roundup of the market-relevant comments on a range of domestic and foreign policy issues.
  • Embattled Trump Cabinet nominees Robert F. Kennedy Jr. (Health Secretary), Tulsi Gabbard (Director of National Intelligence), and Pete Hegseth (Defense Secretary) continue meetings with Senators on Capitol Hill today.
  • President Biden urged Trump to continue investment programmes initiated by his administration in an American Prospect op-ed.
  • Government funding expires at midnight Friday and Congressional leaders are yet to release the final text of a Continuing Resolution to punt appropriations.
  • Senator Josh Hawley (R-MO) is calling for the child tax credit to increase from $2,000 to $5,000 per child, setting up a potential confrontation with deficit hawks next year.
  • Outgoing Canadian Finance Minister and Deputy Prime Minister Chrystia Freeland noted Trump’s tariff threat in a dramatic resignation from Cabinet yesterday.
  • Poll of the Day: A majority, or plurality, of voters think Trump's tariffs proposals will hurt the US economy.

Please find the full article attached below: US Daily Brief

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Executive summary:

  • US President-elect Donald Trump delivered his first press conference since winning re-election in November, at his Mar-a-Lago resort in Florida yesterday. Trump was joined at the podium by his Commerce Secretary nominee Howard Lutnick and for the first few minutes by SoftBank’s chief executive Masayoshi Son to announce a $100 billion investment. Inside we have a full roundup of the market-relevant comments on a range of domestic and foreign policy issues.
  • Embattled Trump Cabinet nominees Robert F. Kennedy Jr. (Health Secretary), Tulsi Gabbard (Director of National Intelligence), and Pete Hegseth (Defense Secretary) continue meetings with Senators on Capitol Hill today.
  • President Biden urged Trump to continue investment programmes initiated by his administration in an American Prospect op-ed.
  • Government funding expires at midnight Friday and Congressional leaders are yet to release the final text of a Continuing Resolution to punt appropriations.
  • Senator Josh Hawley (R-MO) is calling for the child tax credit to increase from $2,000 to $5,000 per child, setting up a potential confrontation with deficit hawks next year.
  • Outgoing Canadian Finance Minister and Deputy Prime Minister Chrystia Freeland noted Trump’s tariff threat in a dramatic resignation from Cabinet yesterday.
  • Poll of the Day: A majority, or plurality, of voters think Trump's tariffs proposals will hurt the US economy.

Please find the full article attached below: US Daily Brief