‘More bark than bite’: Dow futures rise, dollar dives on report of no Day 1 tariffs

Futures on the Dow Jones Industrial Average rose in electronic trade and the U.S. dollar slumped Monday after a report that President-elect Donald Trump won’t impose new tariffs during his first day of office.

Topics

Dow futures rise 160 points as Trump sworn in as president with regular trading closed

Traders were likely encouraged by a report that Trump wouldn't immediately install new tariffs on day one.
CNBC - 28m
Day 1 tariffs are bad for everyone — including President Trump

President Trump should not pursue rash Day 1 tariffs after his inauguration is over. The market shock will be severe.
The Hill - 3h
More than 1 drink a day raises risk of dying, federal review concludes

The death risk goes up to 1 in 100 for those who drink alcohol nine times per week, the report found.
CBS News - 5d
UK recruiters report fresh slowdown in hiring as planned tax rises bite

Survey results will heighten investor concerns over stagflation threat in economy
Financial Times - Jan. 9
Report of easing tariff plan, which Trump denies, sends dollar lower

Aides to President-elect Donald Trump are weighing more targeted tariffs than was proposed by the campaign, according to a report.
MarketWatch - Jan. 6
Dollar drops on reports Trump will scale back tariff plans

Shares in European carmakers rally on hopes new US administration targets only critical imports
Financial Times - Jan. 6
German inflation rises more than expected to 2.9% in December

German inflation jumped to a higher-than-expected 2.9% in December, German statistics office Destatis said Monday.
CNBC - Jan. 6
U.S. dollar index hits more than two-year high as markets brace for Trump return

Optimism around the U.S. economy was in focus as markets reopened following disrupted trade over Christmas and the New Year's holiday.
CNBC - Jan. 2
UK house prices rise more than expected in December

Month-on-month increase of 0.7% takes average house price close to record high
Financial Times - Jan. 2

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Trump inauguration: Tech CEOs like Musk, Bezos and Zuckerberg score better seats than some incoming cabinet members

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The two major events fall on the same day — Jan. 20 — but most closures are because of MLK Day, which is a federal holiday.
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‘I trust that my husband isn’t a gold digger’: I’m inheriting millions of dollars. My husband says I’m ‘selfish’ to keep it. Should I share it?

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‘I’m worried about a recession once Trump takes office’: I’m 62, earn $50,000 and have $100,000 to invest. What should I do?

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More in Business

Bitcoin jumps to new record above $109,000 as traders cheer Trump inauguration, meme coins

Bitcoin spiked to a new all-time high early Monday but pulled back following the inauguration of President Donald Trump.
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Trump, the Deal Maker in Chief, Is Back

The business world is expecting big changes — and potential disruptions — as Donald Trump returns to the White House.
The New York Times - 15m
Dow futures rise 160 points as Trump sworn in as president with regular trading closed

Traders were likely encouraged by a report that Trump wouldn't immediately install new tariffs on day one.
CNBC - 28m
Trump Coin crashes and recovers after Melania Coin launch. What’s next, for the incoming first family and the crypto industry.

The meme-coin frenzy surrounding President-elect Donald Trump’s launch saw twists and turns over the weekend following the launch of a coin celebrating his wife Melania.
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Biden pardons his family in final minutes in office

President Joe Biden previously had pardoned his son Hunter Biden, who had been convicted in a criminal gun case and pleaded guilty in a tax case.
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