Bloomberg Daybreak: US Edition Trump's Executive Orders; Trump Pauses Tik Tok Ban
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Jan 21, 2025 The podcast dives into Donald Trump's sweeping executive actions, focusing on immigrant deportation and tightening border controls. Market reactions are analyzed, showcasing the volatility in stocks and the dollar's rise amid Trump's warnings. A significant pause on the TikTok ban is also discussed, revealing the implications of this delay for users and the app's future. The conversation touches on key political shifts and their influence on the economy, painting a portrait of a rapidly changing landscape.
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Trump's Return and Immediate Actions
- President Trump delivered his second inaugural address, promising a golden age for America.
- He signed numerous executive orders, including pardons for over 1500 people involved in the Capitol riot.
TikTok Ban Paused
- President Trump temporarily paused the TikTok ban, giving the platform a 75-day reprieve.
- He reiterated his desire for American companies to own half of TikTok.
Market Volatility Under Trump
- Futures rose as Trump began his second presidency, but the dollar surged.
- Trump threatened tariffs on Canadian and Mexican imports, causing FX market volatility.