Trump: Facing huge tariffs for not producing in the USA, OPEC needs to lower oil prices, hurry to cut interest rates, I understand interest rates better than Powell.
Trump stated that companies not producing in the USA face tariffs of "hundreds of billions or even trillions of dollars". If produced in the USA, they can enjoy a reduction of corporate tax to 15%. The tariffs in Europe are too high, the regulations are too strict, and the trade deficit with the USA is too large, which will lead to measures being taken to ensure that the USA supplies Energy to Europe. Trump called on OPEC to "lower oil costs", stating that this would pressure Russia to end the Russia-Ukraine conflict, and demanded that the Saudi Crown Prince increase the promised investment in the USA to 1 trillion dollars. He also mentioned that he would "demand an immediate decrease in interest rates" and plans to have a conversation with Powell at an appropriate time.
Last week, the number of people in the USA applying for unemployment benefits for the first time was 0.223 million, higher than expected.
In the week ending January 11, the number of people continuing to claim unemployment benefits increased by 46,000, seasonally adjusted to 1.899 million, also exceeding expectations, the highest since November 2021.
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%.
Trump at Davos: Calls Out BofA's Moynihan, JPMorgan's Dimon for Blocking Conservatives
Trump at Davos: EU Has Treated American Big Tech 'Very, Very Unfairly'
SPDR S&P 500 ETF Options Spot-On: On January 23rd, 7.11 Million Contracts Were Traded, With 17.71 Million Open Interest
On January 23rd ET, $SPDR S&P 500 ETF(SPY.US)$ had active options trading, with a total trading volume of 7.11 million options for the day, of which put options accounted for 56.21% of the total