“Know the King” is online! Trump spoke out intensively in Davos, claiming that he knows interest rates better than Powell, and talks freely about tariffs and oil prices
Trump said that companies that do not produce in the US face “hundreds of billions or even trillions of dollars” tariffs. If they produce in the US, they can enjoy the corporate tax reduced to 15%; EU tariffs are too high, regulations are too strong, and the trade deficit with the US is too large. Measures will be taken to ensure America's supply of energy to Europe. Trump called on OPEC to “reduce oil costs,” saying that doing so would put pressure on Russia to end the Russian-Ukrainian conflict and demand that the Saudi Crown Prince increase the promised investment in the US to 1 trillion dollars. He also said he would “demand an immediate reduction in interest rates” and plans to talk to Powell in due course.
Full text of Trump's speech at Davos: Press oil prices, lower interest rates, and initiate a tariff war.
Trump addressed the global business community and political elites, urging Saudi Arabia and OPEC to lower oil prices to end the Russia-Ukraine conflict, reiterating the push for tariffs to encourage domestic manufacturing, and committing to actively promote interest rate cuts.
A U.S. judge ruled that Trump's executive order to terminate birthright citizenship is unconstitutional, and the case may be appealed to the Supreme Court.
U.S. Federal Judge Kavanaugh stated that the Fourteenth Amendment clearly guarantees citizenship rights to all children born on American soil, and the legal definition of this issue is "undisputed."
Top 20 in transaction volume | Netflix rose over 3%, soaring nearly 10% on the previous trading day; GE Aviation rose over 6%, with Q4 performance exceeding expectations.
Ranked 6th, Netflix rose by 3.24%, with a trading volume of 7.568 billion USD; ranked 16th, GE Aviation rose by 6.60%, with a trading volume of 2.911 billion USD; ranked 18th, ARM fell by 7.43%, with a trading volume of 2.731 billion USD.
Express News | Trump: China-U.S. relations are very good.
U.S. stock market closing | All three major Indexes rose, with the S&P continuing to hit new highs; Nuclear Power stocks performed strongly, with OKLO and SMR rising over 13%; Meta rose over 2% to reach a record closing high.
Trump calls on the Federal Reserve to lower interest rates immediately. The chip Index and NVIDIA briefly fell over 2%, but ultimately NVIDIA turned to rise, while Tesla fell. Industrial stock Caterpillar boosted the Dow by 400 points. Quantum computing stock Quantum fell over 6%. Nuclear Power stock Oklo, held by Sam Altman, turned to rise over 13%. Electronic Arts Inc fell nearly 17%. After a 0.7% decline, the Chinese concept Index turned to rise, and TAL Education soared 21%.