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2025-01-25
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Rangers reach historic extension with Igor Shesterkin after trading Jacob Trouba to DucksStephen Miller, an influential adviser to President-elect Donald Trump, has revealed that the incoming administration will close the border down and begin mass deportations of illegal immigrants on the first day in office. In an interview with Maria Bartiromo on Fox News on Sunday, the immigration hardliner, who is Trump’s pick for his deputy chief of staff for policy, said there will be unprecedented investment into stopping immigration. He described how Republicans in Congress such as Lindsey Graham were preparing a full funding package that would be the “most significant border security investment in American history.” “That would mean a historic increase in border agents, a pay raise for both full funding for military operations, full funding for ice beds, full funding for air marine operations, full funding for all of the barriers and technology that you need to ensure there’s never another got away entering this country,” he said. “Now, President Trump, regardless on day one, is going to issue a series of executive orders that seal the border shut and begin the largest deportation operation in American history. “Some of the Republicans have been talking about it for decades. But with Donald Trump, this is something that is going to happen. It’ll be the most important and significant, as I said, domestic policy achievement in half a century. Then the plan, as Senator Thune has laid out as incoming majority leader... would be to move immediately at that point.” Stephen Miller ( ) explains Trump will do two things at the same time, seal the border and begin mass deportation with a series of executive actions on day one. — Simon Ateba (@simonateba) Miller also said the incoming administration had plans to make sweeping reforms to tax, trade and manufacturing. He was light on details on what those policies would involve. “With the two or three seat majority in the House, obviously that’s going to take some time,” he admitted. “Nobody, I repeat, nobody, is even talking about or considering delaying tax [reform]. “What the Senate has talked about doing is giving the President within a week or two of taking the oath of office the most significant domestic policy achievement in at least 50 years, our border patrol, our ICE officers, and every element of our domestic security operation will be fully funded to take down the cartels and eradicate the criminal gang threat in this country, once and for all.”

Stocks closed higher on Wall Street, giving the market its fifth gain in a row and notching another record high for the Dow Jones Industrial Average. The S&P 500 rose 0.3% Friday. The Dow added 1%, and the Nasdaq composite tacked on 0.2%. Retailers had some of the biggest gains. Gap soared after reporting quarterly results that easily beat analysts’ estimates. EchoStar fell after DirecTV called off its purchase of that company’s Dish Network unit. European markets closed mostly higher and Asian markets ended mixed. Treasury yields held relatively steady in the bond market. Crude oil prices gained ground. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Stocks rose on Wall Street in afternoon trading Friday, keeping the market on track for its fifth straight gain. The S&P 500 was up 0.2% and was solidly on track for a weekly gain that will erase most of last week's loss. The Dow Jones Industrial Average climbed 333 points, or 0.8%, and the Nasdaq composite was essentially flat with a gain of less than 0.1% as of 3:07 p.m. Eastern. Markets have been volatile over the last few weeks, losing ground in the runup to elections in November, then surging following Donald Trump's victory, before falling again. The S&P 500 has been steadily rising throughout this week to within close range of its record. “Overall, market behavior has normalized following an intense few weeks,” said Mark Hackett, chief of investment research at Nationwide, in a statement. Several retailers jumped after giving Wall Street encouraging financial updates. Gap soared 10.8% after handily beating analysts' third-quarter earnings and revenue expectations, while raising its own revenue forecast for the year. Discount retailer Ross Stores rose 1.5% after raising its earnings forecast for the year. EchoStar fell 2.4% after DirecTV called off its purchase of that company's Dish Network unit. Smaller company stocks had some of the biggest gains. The Russell 2000 index rose 1.8%. A majority of stocks in the S&P 500 were gaining ground, but those gains were kept in check by slumps for several big technology companies. Nvidia fell 3.3%. Its pricey valuation makes it among the heaviest influences on whether the broader market gains or loses ground. The company has grown into a nearly $3.6 trillion behemoth because of demand for its chips used in artificial-intelligence technology. Intuit, which makes TurboTax and other accounting software, fell 5.6%. It gave investors a quarterly earnings forecast that fell short of analysts’ expectations. Facebook owner Meta Platforms fell 0.8% following a decision by the Supreme Court to allow a multibillion-dollar class action investors’ lawsuit to proceed against the company. It stems from the privacy scandal involving the Cambridge Analytica political consulting firm. European markets closed mostly higher and Asian markets ended mixed. Crude oil prices rose. Treasury yields held relatively steady in the bond market. The yield on the 10-year Treasury fell to 4.41% from 4.42% late Thursday. In the crypto market, Bitcoin hovered around $99,000, according to CoinDesk. It has more than doubled this year and first surpassed the $99,000 level on Thursday. Retailers remained a big focus for investors this week amid close scrutiny on consumer spending habits headed into the holiday shopping season. Walmart, the nation's largest retailer, reported a quarter of strong sales and gave investors an encouraging financial forecast. Target, though, reported weaker earnings than analysts' expected and its forecast disappointed Wall Street. Consumer spending has fueled economic growth, despite a persistent squeeze from inflation and high borrowing costs. Inflation has been easing and the Federal Reserve has started trimming its benchmark interest rates. That is likely to help relieve pressure on consumers, but any major shift in spending could prompt the Fed to reassess its path ahead on interest rates. Also, any big reversals on the rate of inflation could curtail spending. Consumer sentiment remains strong, according to the University of Michigan's consumer sentiment index. It revised its latest figure for November to 71.8 from an initial reading of 73 earlier this month, though economists expected a slight increase. It's still up from 70.5 in October. The survey also showed that consumers' inflation expectations for the year ahead fell slightly to 2.6%, which is the lowest reading since December of 2020. Wall Street will get another update on how consumers feel when the business group The Conference Board releases its monthly consumer confidence survey on Tuesday. A key inflation update will come on Wednesday when the U.S. releases its October personal consumption expenditures index. The PCE is the Fed's preferred measure of inflation and this will be the last PCE reading prior to the central bank's meeting in December. Damian J. Troise And Alex Veiga, The Associated Press

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