Donald Trump announced Friday he won t be going to Joe Biden s inauguration To all of those who have asked, I will not be going to the Inauguration on January 20th, he tweeted as he also sent tweet praising his supporters as patriots
He has been bunkered down in Oval Office
Aides and allies have described him as a total monster and mad King George
President Donald Trump initially resisted taping his video message acknowledging his election loss
He did so after White House counsel Pat Cipollone warned him of legal danger
Justice Department said it would not rule out pursuing charges against President Trump for his possible role in encouraging the insurgents
The US stocks advanced on Thursday, 07 January 2021, with major indices- S&P 500 index, the Dow Jones Industrial Average, and the technology-heavy Nasdaq Composite all settling at new record closing highs.
At the close of trade, the Dow Jones Industrial Average index advanced 211.73 points, or 0.69%, to 31,041.13. The S&P 500 index was up 55.65 points, or 1.48%, to 3,803.79. The tech-heavy Nasdaq Composite Index added 326.68 points, or 2.56%, to 13,067.48.
The strength on the Wall Street propelled came as U. S. lawmakers certified President-elect Joe Biden s victory. The certification of Biden s victory along with Democratic victories in Georgia s Senate runoff elections will give Democrats control of the House, Senate and the White House. Traders seem optimistic a Democratic-controlled Congress will provide more coronavirus relief payments, infrastructure spending, and more generous passing of additional stimulus to get the economy back on track.
Provided by Dow Jones
By Anna Hirtenstein and Karen Langley Stocks pared early gains Friday after the monthly employment report showed the U.S. lost jobs in December as investors continued to look ahead to the prospect of additional fiscal stimulus. The S&P 500 stock index added 0.4% while tech-heavy Nasdaq Composite advanced 0.8%. The Dow Jones Industrial Average ticked down 0.1%, or about 20 points, dragged down in part by a decline in shares of industrial conglomerate 3M. All three indexes closed Thursday at records as investors focused on the potential for more government spending after victories in runoff races in Georgia that will give Democrats control of the U.S. Senate.
For starters, a shift in power in Washington will likely alter the regulatory and legislative landscapes. Congress is due to pass a highway bill, with the FAST Act’s expiration last month. DOT and FMCSA will see new leaders. Major court cases involving laws that restrict owner-operators in California and potentially other states will take their next steps. Also, 2020 s freight and rates rally will find fresh hurdles.
Here’s what to watch for in the year ahead:
A proposed rule to mandate speed limiters, which was halted in 2017 after President Trump took office, could be revived under the Biden Administration.