Squawk on the Street Markets and Pres. Trump: The Sequel, Mnuchin Talks TikTok, Apple Extends January Losses 1/21/25
Jan 21, 2025
Former U.S. Treasury Secretary Steven Mnuchin shares insider insights on the economic implications of President Trump's return to office. He discusses the future of TikTok amidst changing political landscapes and executive orders. The conversation also touches on tariffs and the evolving relationship with China, examining how these factors may impact investors. In addition, the analysis of Apple’s recent performance and the broader market response paints a vivid picture of the intersection between politics and finance.
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Market Focus
- Investors focus on how presidential administrations impact market numbers.
- The current administration is viewed as pro-business, potentially leading to raised numbers.
Oil Price Predictions
- Oil prices are expected to decrease due to increased production under the new administration.
- However, oil companies may resist excessive drilling due to its impact on stock prices.
Billionaires at the Inauguration
- Many powerful billionaires, including those from Alphabet, Amazon, and Tesla, attended the inauguration.
- Attending such events is generally considered obligatory when invited.