Video above scheduled for: Wednesday, Jan 11, 2017, 11:00am EST. President-elect Donald J. Trump 's News Conference, his first since winning the 2016 election.
Also on Wednesday, Secretary State Nominee, Exxon Mobil CEO Rex Tillerson testifies at his confirmation hearing before the Senate Foreign Relations Committee:Fortunately ABC's Cecilia Vega asked my question about whether any Trump associates contacted Russians. Trump said no.— Jim Acosta (@Acosta) January 11, 2017
Video above: Rex Tillerson confirmation hearing Wednesday, Jan 11, 9:15am EST.
Why is Trump's Press Conference important?
- Dow Jones (DJIA) Futures Reverse Gains Ahead of Trump News Conference | EconomicCalendar.com: "Dow industrials reversed course to finish lower on Tuesday [Jan 10], as jittery investors awaited a press conference from President-elect Donald Trump on Wednesday. The Dow Jones Industrial Average settled down 31.85 points, or 0.2%, at 19,855.53, its lowest since December 30. The benchmark drifted between gains and losses, and at one point looked poised to make another attempt at the 20,000 milestone."
- Nasdaq closes at 4th straight record—marks best such streak since 1999 | MarketWatch.com: "The Nasdaq Composite notched its fourth record close in a row Tuesday [Jan 10], representing the longest stretch of record closes for the tech-heavy index since 1999. Fresh all-time highs for the Nasdaq came as the Dow industrials failed to reach the psychologically significant level of 20,000 again, amid otherwise tepid enthusiasm for equities ahead of a news conference from President-elect Donald Trump set for Wednesday—his first since being elected on Nov. 8."
“If Donald Trump succeeds to cheer up investors at this week’s conference, we could see a fresh rally in the U.S. stocks and the U.S. dollar. Therefore, the upside risks prevail in the U.S. markets”--Ipek Ozkardeskaya, senior market analyst, London Capital Group, note to investors.
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| DJIA January 10, 2017 (source: google.com) |
Trump's Cabinet picks appear to be much stronger than Clinton's would have been, even Sarah Jones of the liberal New Republic seems to agree:
"Clinton had a team in waiting. By Election Day, her roster was so refined that most jobs just had one name. Here's her prospective Cabinet and West Wing staff, based on interviews with numerous Clinton insiders."--Mike Allen, Axios.com. See also: Consortiumnews.com: "... the think tank run by Michele Flournoy, the former Defense Department official considered to be most likely to be Clinton’s choice to be Secretary of Defense, explicitly called for “limited military strikes” against the Assad regime." Here's a partial listing of what Hillary's Cabinet would have looked like:Hillary Clinton's cabinet would have sucked and no one should be surprised https://t.co/9zBjqP7X1i— Sarah Jones (@onesarahjones) January 10, 2017
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