The "Understanding King" is online! Trump speaks intensively at Davos, claiming to understand interest rates better than Powell, discussing tariffs and oil prices.
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.
How Sidestepping Big Tech Has Paid off Lately -2-
How Sidestepping Big Tech Has Paid off Lately in These Stock ETFs
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.