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2025-01-23
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With President-elect Donald Trump set to begin his second term in January, the stock market could be an important check on the decisions he ultimately makes. Trump's ability to enact new policies has been greatly enhanced with Republicans in full control of Congress, and he's already been exerting pressure on lawmakers to fall in line with his agenda. Those members of Congress . The market, therefore, might be an important counterbalance to Trump's control of Washington. If his past tenure as president is any indication, he will be alert and sensitive to negative market reactions to his policies. During Trump's first term, he showed that he viewed the stock market as a real-time indicator of how he was doing, taking credit when it was up and . Trump "demonstrated a keen focus on the stock market as a 'scorecard' for his administration's success," Mark Malek, chief investment officer at Siebert, told Business Insider. Perhaps the best example of this came on March 13, 2020. Trump sent the late Fox News host Lou Dobbs an autographed Yahoo! Finance chart of the Dow Jones Industrial Average, which had soared nearly 2,000 points that day in response to Trump . The moment demonstrated how Trump views the market's relationship to the president's performance, and observers say it's possible that if he were to announce or enact policies that spark a sharp decline in stocks, he could adjust his approach. Yardeni Research strategist Eric Wallerstein told Business Insider that certain policies that would add to the fiscal deficit and send bond investors into a panic might qualify as an event that could prompt a rethink from the administration. "Yields would blow out, the stock market would respond unkindly to that, and then maybe he would reverse course." That view echoed Jeremy Siegel's, with the Wharton professor noting shortly after the election that the President-elect will probably tread lightly when it comes to the markets. "Both the bond market and the stock market are going to be really big constraints on many of Trump's programs," Siegel said. This dynamic is top of mind for investors heading into next year given that some of Trump's campaign promises, like mass deportations of immigrants and on imports, could be met with dismay by stock investors. That's because economists say the proposals could spark a and limit the Federal Reserve's ability to keep cutting interest rates. "The market reaction is likely to be quite negative to a significant ratcheting up of tariffs," Sonu Varghese, global macro strategist at Carson Group, told Business Insider. "President Trump probably sees the stock market as a report card on his performance, and so presumably, a negative reaction in markets may prompt a tempering of proposals." For his part, Trump has said that his proposals would not influence US prices. "I am going to put tariffs on other countries coming into our country, and that has nothing to do with taxes to us. That is a tax on another country," he said in an August speech. There's another reason the stock market could serve as one of the few checks on Trump's power while in office next year: swings in the market could impact his own wealth. "Given Bloomberg's estimate of his net worth at approximately $6 billion, it is reasonable to assume that a portion of his wealth is sensitive to market movements. This financial exposure may further incentivize him to avoid policies that could destabilize the markets," Malek said. So, if Trump ultimately during his presidency, his campaign promises of massive tariffs and immigrant deportations may have to be watered down to avoid the collateral damage, sources said. "I think any president wants to enact policies that are good for the markets," Wallerstein said. Read the original article onWWE has just announced that WWE Tag Team Champion Jade Cargill has been diagnosed with multiple injuries following a surprise attack backstage at Friday Night SmackDown. "BREAKING: [Jade Cargill] has been diagnosed with the following injuries: Deep Lumbar Paraspinal Muscle Contusions, Bruised Kidney, Sprained MCL in her right knee, Tibial Plateau Bone Bruise of her right knee, Facial Lacerations. There is no timetable for her return," WWE said on social media. BREAKING: @Jade_Cargill has been diagnosed with the following injuries: Deep Lumbar Paraspinal Muscle Contusions, Bruised Kidney, Sprained MCL in her right knee, Tibial Plateau Bone Bruise of her right knee, Facial Lacerations. There is no timetable for her return. pic.twitter.com/E4JtOZOCoq There has been no word over who attacked Cargill. This will put Cargill out of action for her round of the WWE Women's United States Championship tournament against Piper Niven and Michin. For more WWE and professional wrestling news, head on over to Newsweek Sports . This story is currently being updated...

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he former ' receiver, , is excited to take on his old team as he looks for revenge when they welcome the to the MetLife Stadium on Sunday, November 24. played for the East Rutherford-based side between 2019 and 2023 but was let go when his contract expired, eventually heading to the NFC South where he linked up with the in June 2024. The 31-year-old had made 4095 receiving yards for 23 touchdowns in 74 starts with the team and has continued his career in Florida with 166 yards from 16 receptions for one touchdown, proving he still has something to offer. And in the mix for the offense against the Giants, the overall 40th pick of the 2016 NFL Draft is excited to show what he has to offer when he goes up against a -less Giants on Sunday. "I mean, obviously you got a little bit more juice,'' told The New York Post of the clash with the Giants. "I've got some familiar faces over there, people I've built a relationship with. "But when you step in between them white lines, it's business, and that's the way you have to approach it. Yeah, I'm looking forward to going back man, it's going to be fun.'' Giants game huge for Shepard and also the Bucs The game will take place on November 24 at the MetLife Stadium, with kick-off expected from 13:00 ET/10:00 PT. The match will be broadcast live on CBS Sports with delivering the play-by-play. After losing Chris Godwin to a season-ending injury, the contest against the 3-8 Giants will be key for and to get their seasons back on track with the chance to claim their fifth win of the campaign. If they prevail and the lose, they will move to second in the NFC South whilst they could also move up as high as eighth in the NFC Conference.U.S. President-elect Donald Trump and the head of NATO have met for talks on global security, the military alliance said Saturday. In a brief statement, NATO said Trump and its secretary general, Mark Rutte, met on Friday in Palm Beach, Florida. “They discussed the range of global security issues facing the Alliance,” the statement said without giving details. RELATED STORY | Trump appearance at SpaceX launch reinforces Musk's relationship with the president-elect It appeared to be Rutte's first meeting with Trump since his Nov. 5 election. Rutte had previously congratulated Trump and said “his leadership will again be key to keeping our Alliance strong" and that he looked forward to working with him. Trump has for years expressed skepticism about the Western alliance and complained about the defense spending of many of its member nations, which he regarded as too low. He depicted NATO allies as leeches on the U.S. military and openly questioned the value of the alliance that has defined American foreign policy for decades. He threatened not to defend NATO members that fail to meet defense-spending goals. Rutte and his team also met Trump's pick as national security adviser, U.S. Rep. Michael Waltz, and other members of the president-elect's national security team, the NATO statement said. RELATED STORY | New details emerge about the Department of Government Efficiency's proposed cuts Rutte took over at the helm of NATO in October.

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