U.S. President-elect Donald Trump reacts during a MAGA victory rally at Capital One Arena in Washington, DC on Sunday, one day ahead of his inauguration ceremony.

U.S. President-elect Donald Trump reacts during a MAGA victory rally at Capital One Arena in Washington, DC on Sunday, one day ahead of his inauguration ceremony.

Jim Watson/AFP via Getty Images


hide caption

toggle caption

Jim Watson/AFP via Getty Images

The day before Donald Trump is set to be sworn in as the 47th president, he and his followers celebrated with an hours-long rally at the Capital One Arena in Washington, D.C.

“Tomorrow at noon, the curtain closes on four long years of American decline, and we begin a brand new day of American strength and prosperity, dignity, and pride,” Trump told the crowd to loud cheers.

“Once and for all we’re going to end the reign of a failed and corrupt political establishment in Washington, a failed administration.”

Trump is set to appear at the same venue tomorrow after his swearing-in ceremony at the U.S. Capitol Rotunda, after he cancelled an outdoor parade due to expected frigid weather. Supporters will also be able to view an inauguration livestream from the venue.

He took the opportunity on Sunday to preview several of his Day 1 actions, including on border security, energy, and ending the Biden administration’s diversity, equity, and inclusion efforts in government agencies.

He also celebrated his election win and took credit for multiple recent developments, including the ceasefire between Hamas and Israel that went into effect on Sunday.

“I know that Biden is saying they made the deal, well,” he said, trailing off and chuckling as the crowd booed.

Trump’s pick for Middle East envoy, Steve Witkoff, joined President Biden’s Middle East envoy in the final push of talks on the deal.

President-elect Donald Trump arrives to speak at a rally ahead of the 60th Presidential Inauguration on Sunday in Washington.

President-elect Donald Trump arrives to speak at a rally ahead of the 60th Presidential Inauguration on Sunday in Washington.

Alex Brandon/AP


hide caption

toggle caption

Alex Brandon/AP

Trump also cheered the fact that Tiktok, the popular video app, is back online. TikTok was taken offline Saturday night in compliance with a law that effectively banned the service nationwide unless it splits off from its China-based owner, but Trump on Sunday posted on Truth Social that he would pause the law and extend a liability shield to technology companies that support TikTok.

At the rally on Sunday, he reiterated a proposal he made on social media: for the U.S. government to take a 50% stake in the social media platform, without providing further details.

His promotion of Tiktok is a reversal from 2020, when Trump attempted to ban the platform.

‘Call to action’ for America

Trump supporters stood outside in the chilly rain all morning ahead of the rally’s start.

“I wouldn’t have missed it for anything,” said Cindy Pugh, who traveled from the Minneapolis suburbs. “Donald Trump is the best president of my lifetime. He has done so much sacrificially for Americans, myself included.”

Trump in November won the popular vote for the first time. That fact makes this election feel different from his win in 2016, Pugh said.

“This win reflects a compelling call to action by the American people to listen to us, to act on our behalf, not to be beholden to the political establishment. So it does feel different to me,” she said.

Multiple rally speeches took on a darker tone, however.

“All of you wearing the MAGA hats, it used to be an act of civil disobedience,” political commentator Megyn Kelly told the crowd, referring to ‘Make America Great Again’ hats. “But wearing that hat for much of the past eight years has been an act of courage, too.”

She concluded her speech with an order: “Do not bend. Never bow.”

And Trump adviser Stephen Miller linked Trump’s multiple legal cases to an implication that his supporters were themselves threatened by Trump’s opponents.

President-Elect Donald Trump greets the Village People on stage at his victory rally at the Capital One Arena on Sunday in Washington, D.C.

President-Elect Donald Trump greets the Village People on stage at his victory rally at the Capital One Arena on Sunday in Washington, D.C.

Anna Moneymaker/Getty Images


hide caption

toggle caption

Anna Moneymaker/Getty Images

Trump was charged in several criminal cases, though his criminal conviction for 34 felony counts in New York state was the only in go to to trial.

“They indicted him, they tried to imprison him and to take away his freedom, to take away his family, to take away his business, to take away your voice, your future, to take away your hopes, your dreams, your government, your country,” Miller told the crowd.

The rally featured appearances by musicians Kid Rock and Lee Greenwood, as well as actor Jon Voight and Tesla CEO Elon Musk, whom Trump has said will lead the Department of Government Efficiency group meant to recommend government spending cuts. Trump did not mention Vivek Ramaswamy, the former Republican presidential candidate that he also initially asked to lead DOGE.

The Trump campaign did not respond to a question about the rally crowd’s size. Capital One Arena has a capacity of around 20,000 seats, according to local outlets. Supporters filled the floor and lower two levels of seats of the arena, as well as about half of the top tier.



Source link




CNN
 — 

The incoming first couple have launched a pair of meme coins in the leadup to president-elect Donald Trump’s inauguration.

Melania Trump launched her cryptocurrency $MELANIA in a social media post Sunday, sending her husband’s cryptocurrency $TRUMP, announced two days earlier, plummeting.

“The Official Melania Meme is live! You can buy $MELANIA now. https://melaniameme.com,” the future first lady wrote on X Sunday.”

Meme coins are a type of highly volatile cryptocurrency inspired by popular internet or cultural trends. They carry no intrinsic value but can soar, or plummet, in price.

“My NEW Official Trump Meme is HERE!” Trump wrote on X Friday. “It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW. Go to http://gettrumpmemes.com — Have Fun!”

Both coins are trading on the Solana blockchain. Trump’s meme coin skyrocketed over the weekend and was trading at more than $70 by Sunday afternoon, according to CoinGecko.

However, the president-elect’s coin nosedived to $40 after Melania revealed her own coin. It has since recovered some of those losses and was trading around $60 early Monday. $MELANIA was trading just over $12 early Monday, according to CoinGecko.

$TRUMP is the first cryptocurrency endorsed by the incoming president, who once trashed bitcoin as “based on thin air.”

In July 2024, Trump addressed crypto’s largest convention and has since appointed Howard Lutnick, who supports the cryptocurrency company Tether, to run the US Commerce Department. Lutnick is among other crypto enthusiasts appointed to Trump’s next administration.

The $TRUMP logo seen on a smartphone on January 19, 2024.

The Trump coin’s market capitalization, which is based on the 200 million coins circulating, is capped at $13 billion, according to CoinMarketCap. The meme coin’s website said there will be 1 billion Trump coins over the next three years.

Both $MELANIA and $TRUMP’s websites contain disclaimers saying the coins are “intended to function as a support for, and engagement with” the values of their respective brands and “are not intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type.”

The website says the meme coin is not politically affiliated. But 80% of the coin’s supply is held by Trump Organization-affiliate CIC Digital and Fight Fight Fight LLC, which are both subject to a three-year unlocking schedule – so they cannot sell all of their holdings at once.

The $TRUMP coin’s website says it is “the only official Trump meme.”

“Now, you can get your piece of history. This Trump Meme celebrates a leader who doesn’t back down, no matter the odds,” the website reads.



Source link


Investing.com– Most Asian stocks rose on Monday amid some hopes that U.S. President-elect Donald Trump will not adopt an as harsh rhetoric against China as feared when he takes office later in the day. 

Regional stocks took a positive lead-in from Wall Street on Friday, as a slew of positive bank earnings and growing hopes of interest rate cuts sparked strong gains in U.S. stocks.

U.S. stock futures were less upbeat in Asian trade on Monday, falling slightly amid some caution over Trump. U.S. markets will also be closed on Monday for Martin Luther King, Jr. Day. 

Asia stocks rise amid Trump speculation 

Most Asian stocks rose, with Japanese and Hong Kong shares in the lead. Japan’s and indexes rallied 1.5% each, while Hong Kong’s index added 1.6%. 

Hopes of a less harsh rhetoric against China grew after Trump did not make any mention of his plans for trade tariffs during a victory lap rally in Washington on Sunday. But the President-elect did reiterate plans to crack down on immigration and to reduce government oversight of domestic companies.

Trump also held a call with Chinese President Xi Jinping last week, spurring hopes that Sino-U.S. relations will improve under the incoming President.

Fox News Digital reported that Trump was planning to sign a record-high number of executive orders when he takes office on Monday, some of which could still include increased trade tariffs against China. 

The President-elect had vowed to impose an up to 60% duty on all Chinese imports, while also targeting Mexico and Canada with heightened tariffs. 

Such a move stands to potentially disrupt global trade, and bodes poorly for export-driven economies. 

Chinese shares rise as PBOC keeps rates unchanged

China’s and indexes rose 0.8% and 0.5%, respectively. 

The People’s Bank of China kept its benchmark loan prime rate unchanged as widely expected on Monday, with Beijing seen keeping its stimulus powder dry while seeking more clarity on Trump’s plans for trade tariffs. 

China is expected to dole out even more aggressive stimulus measures to offset the economic headwinds from any potential tariff increases. Trump’s tariffs are expected to provide even more pressure on the Chinese economy, as it grapples with persistent disinflation and a prolonged property market crash.

Still, data released last week showed some improvement in China’s economy, after Beijing released its most aggressive round of stimulus measures yet in late-2024. 

Chinese markets were also boosted by recent gains in chipmaking stocks, as more U.S. export controls on the sector sparked bets that local foundries will benefit from increased domestic demand. 

Broader Asian markets were mostly higher on Monday, although gains were largely limited by caution before Trump. Beyond the U.S. Presidential inauguration, focus this week is also on a string of key economic readings, as well as a Bank of Japan meeting. 

Australia’s rose 0.2%, while for India’s index pointed to a mildly positive open, after the index clocked a series of steep losses last week.

Singapore’s index lagged, falling 0.3%, while South Korea’s traded sideways. Any disruptions in global trade stand to significantly impact both economies, given their reliance on exports.





Source link


For the first time in U.S. history, a president-elect will welcome foreign leaders for one of the most American political traditions — the peaceful transfer of power.

President-elect Donald Trump invited Chinese President Xi Jinping and conservative world leaders such as Argentine President Javier Milei and Italian Premier Giorgia Meloni to the inauguration. Xi sent his vice president as his representative.

No heads of state have previously made an official visit to the U.S. for the inauguration. Some of them, such as Milei and Paraguay’s President Santiago Peña, were special guests Saturday night at the Hispanic Inaugural Ball, where several of Trump’s nominees for key Cabinet positions made appearances. That included U.S. Sen. Marco Rubio, chosen to lead the State Department, and Robert F. Kennedy Jr., tapped to head the Health and Human Services Department.

Here is a look at the foreign leaders who are coming to Washington for the 60th inauguration:

China

Chinese President Xi Jinping was the first foreign leader whose invitation to the inauguration became public in December. Xi will not attend but is sending Vice President Han Zheng.

The announcement to dispatch Han was made Friday by the country’s foreign ministry, and it comes as the rivalry between the U.S. and China may escalate under Trump. Several of Trump’s Cabinet picks are known China hawks, including Rubio, who has called China “the most potent, dangerous and near-peer adversary this nation has ever confronted.”

Trump has vowed to impose tariffs and other measures on China. But the two leaders spoke on the phone Friday and discussed trade, fentanyl and TikTok. Trump said the call was a “very good one.”

Argentina

Milei was the first foreign leader to meet with Trump after the Nov. 5 election, traveling from Buenos Aires to the president-elect’s Mar-a-Lago club.

Milei is scheduled to attend one of the official inaugural balls that Trump will attend on Inauguration Day, as well as the swearing-in ceremony. The self-described “anarcho-capitalist,” who has carried out an audacious economic agenda in the South American nation, got a hug from Vivek Ramaswamy, a Trump insider, on stage at Hispanic ball before delivering remarks.

Ramaswamy called him “an inspiration.” Milei also receives praise frequently from billionaire Elon Musk for implementing a series of austerity measures that laid off tens of thousands of government workers, froze public infrastructure projects and imposed wage and pension freezes below inflation.

Musk and Ramaswamy will lead a non-governmental effort to cut federal government spending, regulations and personnel.

Milei hopes good relations with the U.S. could help Argentina reach a new deal with the International Monetary Fund.

Italy

Meloni is another leader who has recently visited Mar-a-Lago. Her weekly agenda says she will attend the swearing-in ceremony.

Meloni kept unexpectedly good relations with Democratic President Joe Biden but is likely to form a more natural alliance with Trump. She is considered a key interlocutor between Europe and the U.S.

Georgia

Pro-Western former Georgia President Salome Zourabichvili will attend the ceremony as a guest of U.S. Rep. Joe Wilson, R-S.C. Georgia has been wracked by protests following a parliamentary election that opposition groups alleged was rigged.

She has maintained she is still the legitimate leader of the former Soviet republic after Mikheil Kavelashvili was inaugurated as president late last month from a party that critics have accused of becoming increasingly authoritarian and tilted toward Moscow. Kavelashvili’s ruling party has denied those accusations.

Zourabichvili told Fox News that Georgia could be “the big success for America or the big problem for America” in the region because “Russia is always trying to dominate.”

France

French President Emmanuel Macron, who met with Trump last month in Paris during the Notre Dame Cathedral reopening, won’t be at Trump’s inauguration. But far-right figures from the country have said they are traveling for the inauguration.

Eric Zemmour, a talk show pundit turned conservative politician, and his partner, Sarah Knafo, a member of the European Parliament, said they will attend. Zemmour was convicted multiple times of inciting racist or religious hatred.

Prominent far-right politician Marion Maréchal said in a statement that she would go as well. She is a member of the European Parliament and niece of the leading conservative figure in France eyeing the 2027 presidential election.

Who else?

The offices of Ecuadorean President Daniel Noboa and Paraguayan President Santiago Peña have said they were invited to the inauguration and planned to attend.

Peña, a conservative economist turned politician, praised Trump’s agenda and said at the Hispanic ball that he hoped for deeper ties between U.S. and Latin America.

Taiwan sent legislative speaker Han Kuo-yu and seven others to Washington for Trump’s inauguration, but Taiwan’s foreign ministry said its delegates would not attend the ceremony now that it has been moved indoors because of cold weather.

Taiwan’s official Central News Agency, citing Taiwan’s foreign ministry, also reported that the delegates would meet American politicians and think tank scholars to cement Taiwan-U.S. relations. It’s unclear if they will meet Trump.

Trump has criticized Taiwan for pulling some of the semiconductor industry from the U.S., but U.S.-Taiwan relations also significantly improved during his first term.

On a phone call Friday between Trump and Xi, the Chinese president urged the incoming U.S. leader to approach the Taiwan issue “with prudence” because it is about China’s sovereignty and territorial integrity. Beijing claims the self-governed island as Chinese territory and vows to annex it by force if necessary.

___

Associated Press writers Matt Brown and Didi Tang in Washington, Sylvie Corbet in Paris and Nicole Winfield in Rome contributed to this report





Source link


Dow Jones futures edged lower Sunday night, along with S&P 500 futures and Nasdaq futures. U.S. markets will be closed Monday for the Martin Luther King holiday. Donald Trump’s inauguration also will be Monday, with the incoming president expected to issue a flurry of day one executive orders.

The stock market rally had a strong week, with the Nasdaq and S&P 500 moving back above their 50-day moving averages. Treasury yields tumbled on tame inflation data while strong earnings also buoyed the major indexes. Bitcoin spiked to near record highs on expectations of pro-crypto Trump moves.

Tesla (TSLA), ServiceNow (NOW), Vertiv (VRT), Amazon.com (AMZN) and Broadcom (AVGO) flashed buy signals. Goldman Sachs (GS), Energy Transfer (ET), Viking Cruises (VIK) and Quanta Services (PWR) also are actionable, along with several of their respective peers.

The video embedded in the article analyzes the weekly market action in depth and reviews Viking stock, ServiceNow, Amazon and much more.





X



NOW PLAYING
Stocks Surge Into Trump 2.0; Viking Holdings, ServiceNow, Amazon.com In Focus



President-elect Trump launched his own cryptocurrency on Friday night. The $TRUMP meme coin has soared in value, with Trump businesses controlling some 80%. Melania Trump has launched her own meme coin, $MELANIA.

TikTok restored operations, hours after complying with a U.S. law that banned it as of Sunday. Trump posted on social media that he will issue an executive order giving the Chinese-owned video app a temporary reprieve.

Dow Jones Futures Today

Dow Jones futures lost a fraction vs. fair value. S&P 500 futures dipped 0.1% and Nasdaq 100 futures declined 0.2%.

Bitcoin is below $102,000 after topping $106,000 earlier and later undercutting $100,000. The record high is above $108,000 set on Dec. 17.

With U.S. stock and bond markets closed Monday for the Martin Luther King holiday, U.S. investors may not get a clear initial reaction to Trump’s day one moves until Tuesday.

Stock markets around the world will be open Monday, while Bitcoin and other cryptocurrencies like $TRUMP will trade 24/7.

Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.


These Stocks Are Building Big Gains As Trump Looms


Trump Executive Orders

Trump will be sworn in Monday, and he’s expected to get right to work, issuing perhaps 100 or even 200 executive orders on day one.

Trump’s executive orders are expected to cover a range of issues, including energy policies, deportations, bitcoin and more, as well as his promised TikTok order.

Those could have a big impact on Wall Street, especially specific sectors and stocks. But markets may have already priced much of this news in.

On Friday, Trump spoke with Chinese President Xi Jinping on trade, TikTok and much more, reporting a “very good” call. That could ease trade war fears as Trump reenters the White House.


Join IBD experts as they analyze leading stocks and the market on IBD Live


Stock Market Rally

The stock market rally showed strong action in the past week.

The Dow Jones Industrial Average gained 3.7% in last week’s stock market trading, briefly topping the 50-day moving average Friday. The S&P 500 index popped 2.9% and the Nasdaq composite 2.45%, both moving above their 50-day lines Friday.

The small-cap Russell 2000 jumped about 4%, but is still below the 50-day line.

The Invesco S&P 500 Equal Weight ETF (RSP) and The First Trust Nasdaq 100 Equal Weighted Index ETF (QQEW) also rebounded from their 200-day lines, jumping 3.9% and 3.7%, respectively, for the week. RSP is just below the 50-day line while QQEW cleared that key level for the first time in a month.

All the key indexes and equal-weight ETFs are still in ranges going back to December.

More bullishly, leading stocks across a wide range of industries are acting well.

AI giant Nvidia (NVDA) rose modestly for the week, but is still below the 50-day line.

The 10-year Treasury yield dived 16 basis points to 4.61%, falling back from a 52-week high of 4.81% intraday Tuesday.

U.S. crude oil futures rose 1.7% to $77.88 a barrel last week, but finished off midweek highs above $80.

Bitcoin shot up to nearly $106,000 intraday Friday, trading at 104,767.70 as of 4 p.m. ET Friday. Bitcoin and other cryptocurrencies rallied on reports of a pro-crypto Trump executive order on Monday, creating a crypto advisory council. Falling Treasury yields, along with general risk-on sentiment, also buoyed bitcoin.

ETFs

Among growth ETFs, the Innovator IBD 50 ETF (FFTY) jumped 3.6% last week. The iShares Expanded Tech-Software Sector ETF (IGV) bounced 3.2%, with ServiceNow stock a big holding. The VanEck Vectors Semiconductor ETF (SMH) rallied 4.5%. Nvidia stock and Broadcom are significant positions in SMH.

ARK Innovation ETF (ARKK) rebounded 3.7% last week but ARK Genomics ETF (ARKG) fell 2.55%. Tesla stock is a major holding across Ark Invest’s ETFs.

SPDR S&P Metals & Mining ETF (XME) leapt 5.6% last week. SPDR S&P Homebuilders ETF (XHB) soared 8.1%. The Energy Select SPDR ETF (XLE) soared 6.3% and the Health Care Select Sector SPDR Fund (XLV) edged up 0.4%. The Industrial Select Sector SPDR Fund (XLI) shot up 4.9%.

The Financial Select SPDR ETF (XLF) surged 6.15%, with Goldman stock a key holding.


Cruise Lines Sail On Lifted Targets, Demand Strength. One Breaks Out.


Tesla Stock

Tesla stock surged 8.05% to 426.50 for the week, rebounding from the 10-week line and breaking a short, relatively steep downtrend within a short consolidation. TSLA stock could have a new base after one more week, with a potential 488.54 buy point. Tesla earnings are due on Jan. 29, with a lot of interest in Elon Musk’s latest timelines for self-driving, the “affordable” EV model and more.

Musk is a huge supporter and adviser to Donald Trump.

Other Stocks In Buy Zones

ServiceNow, Broadcom, Amazon, Quanta Services and Vertiv stock all flashed early entries within bases.

Viking stock, Goldman Sachs and Energy Transfer are breakouts.


Time The Market With IBD’s ETF Market Strategy


What To Do Now

The stock market rally is on the upswing, with strong bullish signals this past week. This may end up being a short-term move in a choppy trend, but right now the action in the indexes and especially leading stocks is positive.

Investors should take advantage of buying opportunities, adding exposure gradually. Look to buy stocks beyond the AI and tech space, given the breadth of leadership right now.

Work on your watchlists, scanning for the stocks and sectors that are leading and setting up. But be ready to scale back if the market does retreat.

The Trump inauguration could be a buy or sell the news event when the stock market reopens Tuesday.

Earnings season will ramp further this coming week, with Netflix (NFLX), GE Vernova (GEV), GE Aerospace (GEV) and American Express (AXP) among the many notable names.

Nvidia stock is on IBD Leaderboard, with Tesla stock on the Leaderboard watchlist. Viking, ServiceNow, Goldman and Amazon stock are on SwingTrader. Broadcom, Quanta Services and Vertiv stock are on the IBD 50. Vertiv, Broadcom and ServiceNow stock are on the IBD Big Cap 20.

ServiceNow was Friday’s IBD Stock of The Day. Broadcom stock was Thursday’s pick.

Read The Big Picture every day to stay in sync with the market direction and leading stocks and sectors.

Please follow Ed Carson on Threads at @edcarson1971 and X/Twitter at @IBD_ECarson for stock market updates and more.

YOU MIGHT ALSO LIKE:

Why This IBD Tool Simplifies The Search For Top Stocks

Catch The Next Big Winning Stock With MarketSurge

Best Growth Stocks To Buy And Watch

IBD Digital: Unlock IBD’s Premium Stock Lists, Tools And Analysis Today

How To Invest: Rules For When To Buy And Sell Stocks In Bull And Bear Markets

Broadcom, Goldman Sachs Lead 5 Stocks In Buy Areas





Source link


Disclaimers on the websites of both the $Trump and $Melania coins said they were “not intended to be, or the subject of” an investment opportunity or a security.

According to the CoinMarketCap website, $Trump has a total market valuation of about $12bn (£9.8bn), while $Melania’s stands at around $1.7bn.

Trump had previously called crypto a “scam” but during the 2024 election campaign became the first presidential candidate to accept digital assets as donations.

On the campaign trail, Trump also said he would create a strategic bitcoin stockpile and appoint financial regulators that take a more positive stance towards digital assets.

That spurred expectations that he would strip back regulations on the crypto industry.

In the wake of Trump’s victory, bitcoin jumped to a record high and is currently trading at around $107,000, according to crypto trading platform Coinbase.

On Friday, the incoming artificial intelligence (AI) and crypto tsar David Sacks held a “Crypto Ball” in Washington, DC.

Other cryptocurrencies, including dogecoin – which has been promoted by high-profile Trump supporter Elon Musk – have also risen sharply this year.

Under President Joe Biden, regulators cited concerns about fraud and money laundering as they cracked down on crypto companies by suing exchanges.



Source link



Washington
CNN
 — 

Donald Trump will be sworn in as president Monday, returning to power to enact his sweeping vision of America after leaving his office in shame four years ago.

Trump will become the nation’s 47th president at noon on Monday, completing a remarkable four-year arc after he left Washington as a pariah at the end of his first term. JD Vance will become its 50th vice president, a meteoric rise for a man who was elected to the Senate in 2022.

Both Trump and Vance have promised to hit the ground running to enact a wide-ranging agenda that is expected to include immediate executive actions on immigration.

The day is already shaping up to be out of the ordinary. Projected frigid temperatures in Washington, DC, prompted Trump to announce Friday that he would take the oath of office inside the US Capitol — the first time the ceremony has taken place indoors since the second inauguration of Ronald Reagan in 1985.

Here’s what to know about Inauguration Day:

Temperatures for this year’s ceremony are expected to be in the low 20s — likely the coldest since Reagan’s second inauguration.

Trump described Monday’s conditions as “dangerous” and added that he did not “want to see people hurt, or injured, in any way.”

“Therefore, I have ordered the Inauguration Address, in addition to prayers and other speeches, to be delivered in the United States Capitol Rotunda, as was used by Ronald Reagan in 1985, also because of very cold weather,” he said on Truth Social on Friday.

Capitol One Arena — not far from the National Mall, where crowds would normally gather to watch the ceremony — will be opened to view the inauguration, and Trump said he would stop by the arena after his swearing-in.

The relatively small area inside the US Capitol will deprive Trump of the overflowing crowd he’d have wanted on the Mall. It will also likely cause jockeying among dignitaries and lawmakers to be able to witness Trump’s swearing-in personally.

Concerns about Inauguration Day weather come with historical context. President William Henry Harrison is widely believed to have caught a cold during his 1841 inaugural ceremony, during which he gave a two-hour speech and wore no coat or hat. He later contracted pneumonia and died one month after his inauguration.

Trump has said he will take steps to immediately enact parts of his large agenda, with executive actions pertaining to immigration enforcement expected to be released within the first hours of his second term.

CNN previously reported Trump’s plans include ordering US Immigration and Customs Enforcement sweeps in major cities, sending more Pentagon resources to the US southern border, placing additional restrictions on who is eligible to enter the US, and rolling back Biden-era policies.

Trump will quickly implement executive actions on immigration, energy policy and federal government operations to check off dozens of campaign policy priorities, according to two sources briefed on a Sunday call held by Trump aide Stephen Miller, who previewed the actions with senior congressional Republicans.

One of the first moves Trump said he will make as president is signing an order that delays the law that banned TikTok and briefly made the app unusable for Americans over the weekend.

The divest-or-ban law, which received bipartisan support and was signed by President Joe Biden in April, required TikTok’s China-based parent company, ByteDance, to sell the app by January 19 or face it being blocked to its 170 million American users.

Trump on Sunday said he would issue an order “to extend the period of time before the law’s prohibitions take effect, so that we can make a deal to protect our national security.” He also proposed a 50-50 partnership between ByteDance and an American owner.

Trump proposed a TikTok ban during his first term but has since embraced the app because of its influence among young people. “We won on TikTok, and Republicans have never won the young vote, the youth vote,” Trump said during an inauguration eve rally in Washington on Sunday. “So I like TikTok,” he added.

Trump also has said he plans to swiftly pardon people who were convicted for their roles in the January 6, 2021, insurrection at the US Capitol. CNN previously reported the president-elect’s team has drafted a slate of January 6-related pardons that Trump plans to issue on his first day.

The extent of Trump’s planned pardons is unclear. About 1,270 people have been convicted of crimes related to the attack.

Throughout the 2024 campaign, Trump vowed to seek retribution against his opponents and political enemies. Those who oppose Trump will be watching the opening hours of his second administration closely to see how quickly he carries out those threats.

He said of his political opponents last summer: “When this election is over … I would have every right to go after them.” He said that “sometimes revenge can be justified.”

Opponents of Trump, including the prosecutors who have investigated him, the lawmakers who have countered him, the political figures who have opposed him, and the news media that has covered him, will be closely watching how Trump handles his first day in office to determine whether those threats carry weight.

Trump’s first inaugural address in 2017 is remembered for its dark imagery of “American carnage.” But Trump has also shown that he can be conciliatory, if contradictory.

A brief call between Biden and Trump after the former president’s victory was described as “very friendly,” with Biden aides expressing surprise at Trump’s approach of deference and flattery. Trump has been spotted in seemingly friendly conversation with first lady Jill Biden and former President Barack Obama in the months since his victory and spoke highly of his meeting with Biden in the Oval Office after his election win.

But, at the same time, Trump has not shied away from his usual bellicose language toward the president, referring to him as “Crooked Joe Biden” on January 14.

Biden’s last official act as president will be attending the inauguration of his successor, a man he has repeatedly warned represents a fundamental threat to the future of this country.

On Monday, the 82-year-old president leaves public service, bound to retire to his home state of Delaware after a trip to California following his departure from Washington.

During his farewell speech from the Oval Office last week, Biden said his crucial legislative achievements will have long-reaching reverberations that outlast his presidency.

“I’m so proud of how much we’ve accomplished together for the American people,” Biden said, “and I wish the incoming administration success, because I want America to succeed.”

Still, the image of him relinquishing that office to same man he worked so hard to keep out could provide for one last defining moment of his presidency.

CNN will be providing live coverage of Trump’s second inauguration throughout Monday. Special live coverage begins at 7 a.m. ET and carries through the ceremony, oath of office and inaugural balls in the evening.

CNN’s special coverage will also stream live on CNN, CNN-connected TV and mobile apps, and on CNN.com. It will also stream live on Max for Max subscribers.

CNN reporters, anchors and contributors will also take part in a live chat during the swearing-in, and the CNN app will feature a custom livestream featuring on-the-ground reporting, live updates, in-depth analysis and images.



Source link


The march that started it allpublished at 14:34 Greenwich Mean Time

Holly Honderich
Reporting from Washington DC

Thousands of people march in Washington DC in January 2017Image source, Getty Images

In the aftermath of Donald Trump’s surprise 2016 victory over Hillary Clinton, the first march came together at an impressive clip, transforming from a couple of disconnected Facebook posts from women calling for a protest into a blueprint for a national movement within weeks.

By 21 January, hundreds of thousands of people were pouring into the nation’s capital, bringing crowds nearly three times the size of Trump’s inauguration the day before.

In Washington and at coordinated events across the US, women carried signs railing against Trump and sported pink knit “pussyhats” – a pointed reference to the Access Hollywood tape in which Trump bragged about grabbing women’s genitals.

“I had never seen anything this crowded, you could barely move,” said Sharon Baseman, a Democratic activist in Michigan who travelled to DC for the 2017 march.

“It was overwhelming and it was inspiring.”

In the years that followed, the Women’s March remained the face of the fight against Trump’s Make America Great Again (MAGA) agenda. The movement helped unite the Democratic Party against Trump, a strategy enabled them to retake the White House in 2020.

But in the wake of Trump’s victory in November, leaders must grapple with the resistance’s failures, and its future.



Source link