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Stock market hits record highs as Joe Biden takes office on Inauguration Day

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The stock market climbed to record highs Wednesday as President Joe Biden was sworn into office. The Dow Jones Industrial Average climbed 257.86, or 0.83%, to rise to a new record high of 31,188.38, while the S&P 500 gained 1.45% and the Nasdaq Composite rose 1.97% both also reaching record highs.

Markets reacted to Biden being sworn in as president as he has promised a $1.9 trillion stimulus bill, $1,400 payments to Americans, and his incoming Treasury Secretary Janet Yellen has urged lawmakers to “act big” on further relief spending.

Netflix stock led the tech-heavy Nasdaq’s big day, rising 16.85% after the company reported 8.4 million global paid net subscriber additions, surpassing analysts’ predictions of 6.47 million. Other top stock gains Wednesday afternoon included Utz Brands, Teladoc Health, Collectors Universe and Polaris.

Stock market posts best Inauguration Day rise in 36 years as Biden takes office

Via www.msn.com
Wall Street appeared to be cheering the change of leadership under way in the White House,…

Editorial credit: Bart Sadowski / Shutterstock.com

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Stock market hits record highs as Joe Biden takes office on Inauguration Day

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The stock market climbed to record highs Wednesday as President Joe Biden was sworn into office. The Dow Jones Industrial Average climbed 257.86, or 0.83%, to rise to a new record high of 31,188.38, while the S&P 500 gained 1.45% and the Nasdaq Composite rose 1.97% both also reaching record highs.

Markets reacted to Biden being sworn in as president as he has promised a $1.9 trillion stimulus bill, $1,400 payments to Americans, and his incoming Treasury Secretary Janet Yellen has urged lawmakers to “act big” on further relief spending.

Netflix stock led the tech-heavy Nasdaq’s big day, rising 16.85% after the company reported 8.4 million global paid net subscriber additions, surpassing analysts’ predictions of 6.47 million. Other top stock gains Wednesday afternoon included Utz Brands, Teladoc Health, Collectors Universe and Polaris.

Stock market posts best Inauguration Day rise in 36 years as Biden takes office

Via www.msn.com
Wall Street appeared to be cheering the change of leadership under way in the White House,…
 

Editorial credit: Bart Sadowski / Shutterstock.com

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President Trump pardons Steve Bannon and 141 others in final hours in office

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On Tuesday, President Donald Trump granted clemency to dozens of people, including his former adviser Stephen Bannon and top election fundraiser Elliott Broidy. In his final hours at the White House, Trump pardoned 73 people and commuted the prison sentences of 70 others in one of his final actions as president of the United States.

The White House said in a statement that Trump granted a full pardon to Bannon as prosecutors pursued “charges related to fraud stemming from his involvement in a political project,” adding, “Mr. Bannon has been an important leader in the conservative movement and is known for his political acumen.” Bannon, a former senior White House adviser, was arrested and charged in August for allegedly defrauding donors of hundreds of thousands of dollars in connection to an online crowdfunding campaign known as “We Build the Wall” in 2018.

Trump had previously granted clemency in the months leading up to his final day in office to close aides, associates and friends including his former campaign adviser Roger Stone, his former campaign chairman Paul Manafort and his former foreign policy adviser George Papadopoulos, among others.

Trump pardons Bannon, other allies on final night in office

Via abcnews.go.com
President Donald Trump late Tuesday issued a final batch of pardons and commutations to a group…

Editorial credit: Michael Candelori / Shutterstock.com

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President Trump pardons Steve Bannon and 141 others in final hours in office

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On Tuesday, President Donald Trump granted clemency to dozens of people, including his former adviser Stephen Bannon and top election fundraiser Elliott Broidy.

In his final hours at the White House, Trump pardoned 73 people and commuted the prison sentences of 70 others in one of his final actions as president of the United States. 

The White House said in a statement that Trump granted a full pardon to Bannon as prosecutors pursued “charges related to fraud stemming from his involvement in a political project,” adding, “Mr. Bannon has been an important leader in the conservative movement and is known for his political acumen.”

Bannon, a former senior White House adviser, was arrested and charged in August for allegedly defrauding donors of hundreds of thousands of dollars in connection to an online crowdfunding campaign known as “We Build the Wall” in 2018.

Trump had previously granted clemency in the months leading up to his final day in office to close aides, associates and friends including his former campaign adviser Roger Stone, his former campaign chairman Paul Manafort and his former foreign policy adviser George Papadopoulos, among others.

Trump pardons Bannon, other allies on final night in office

Via abcnews.go.com
President Donald Trump late Tuesday issued a final batch of pardons and commutations to a group…
 

Editorial credit: Michael Candelori / Shutterstock.com

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President Trump wishes new administration luck in taped farewell address

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President Donald Trump released a taped farewell address before leaving office, saying: “We did what we came to do – and so much more.”  In a video posted on YouTube (which can be viewed here), he said he took on “the tough battles, the hardest fights… because that’s what you elected me to do.”

The last two weeks of Trump’s term have been dominated by the fallout from the deadly riot on Capitol Hill, when a mob of his supporters stormed Congress, seeking to overturn the election result. Trump said in his video, “Political violence is an attack on everything we cherish as Americans. It can never be tolerated.”

Also in his message, Trump said his administration built “the greatest economy in the history of the world.” He said, “Our agenda was not about right or left, it wasn’t about Republican or Democrat, but about the good of a nation, and that means the whole nation.”

Trump releases taped ‘farewell address’

Via abcnews.go.com
The White House on Tuesday released a taped ‘farewell address’ from President Donald Trump on…

Editorial credit: noamgalai / Shutterstock.com

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President Trump wishes new administration luck in taped farewell address

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President Donald Trump released a taped farewell address before leaving office, saying: “We did what we came to do – and so much more.” In a video posted on YouTube (which can be viewed here), he said he took on “the tough battles, the hardest fights… because that’s what you elected me to do”.

The last two weeks of Trump’s term have been dominated by the fallout from the deadly riot on Capitol Hill, when a mob of his supporters stormed Congress, seeking to overturn the election result. Trump said in his video, “Political violence is an attack on everything we cherish as Americans. It can never be tolerated.”

Also in his message, Trump said his administration built “the greatest economy in the history of the world.” He said, “Our agenda was not about right or left, it wasn’t about Republican or Democrat, but about the good of a nation, and that means the whole nation.”

Trump releases taped ‘farewell address’

Via abcnews.go.com
The White House on Tuesday released a taped ‘farewell address’ from President Donald Trump on…

Editorial credit: noamgalai / Shutterstock.com

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News Daypop

President Trump wishes new administration luck in taped farewell address

tmp2c321302-7838-4553-b158-b8399ebed79c-jpg

President Donald Trump released a taped farewell address before leaving office, saying: “We did what we came to do – and so much more.” In a video posted on YouTube (which can be viewed here, he said he took on “the tough battles, the hardest fights… because that’s what you elected me to do”.

The last two weeks of Trump’s term have been dominated by the fallout from the deadly riot on Capitol Hill, when a mob of his supporters stormed Congress, seeking to overturn the election result. Trump said in his video, “Political violence is an attack on everything we cherish as Americans. It can never be tolerated.”

Also in his message, Trump said his administration built “the greatest economy in the history of the world.” He said, “Our agenda was not about right or left, it wasn’t about Republican or Democrat, but about the good of a nation, and that means the whole nation.”

Trump releases taped ‘farewell address’

Via abcnews.go.com
The White House on Tuesday released a taped ‘farewell address’ from President Donald Trump on…
 

Editorial credit: noamgalai / Shutterstock.com

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Inauguration rehearsal interrupted by security alert due to nearby fire

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Inauguration rehearsals in Washington, D.C., were interrupted and the U.S. Capitol was locked down Monday after a nearby fire caused a temporary security alert. The U.S. Secret Service said in an announcement that the Capitol complex was shut down “out of an abundance of caution” in response to “a small fire in the area of 1st and F streets SE.” The emergency alert was issued just as a dress rehearsal for the swearing-in of President-elect Joe Biden and Vice president-elect Kamala Harris was about to begin. Participants for the outdoor event were rushed back into the building; when the threat was cleared, rehearsals resumed.

The actual inauguration will take place Wednesday on the West front of the U.S. Capitol building at noon. Biden will deliver an inaugural address, though most of the events will be virtual this year, because of the pandemic and security threats after the storming of the U.S. Capitol by a mob on Jan. 6.

On Wednesday afternoon, the oaths of office will be followed by the Pass In Review on the East front of the building with members of the military, which is the traditional ceremony for the peaceful transfer of power to a new commander-in-chief.

“Celebrating America,” a 90-minute live special, will air Wednesday evening and will feature remarks from Biden and Harris, as well as tributes to COVID-19 first responders.

Live Updates: Nearby fire prompts brief security scare at Capitol

Via www.cbsnews.com
Capitol Police said a fire under a highway several blocks south of the Capitol prompted a lockdown.
 

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President-elect Joe Biden volunteers, President Trump works on MLK Day of Service

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President-elect Joe Biden and his wife, Dr. Jill Biden spent Martin Luther King Jr. Day volunteering as the Presidential Inauguration Committee partnered with local, state and national organizations virtually for a National Day of Service. The Bidens filled food boxes at Philabundance, a hunger relief organization in Philadelphia. Vice President-elect Kamala Harris and husband Doug Emhoff volunteered at Martha’s Table in Washington, D.C. A statement by the inauguration committee said, “The National Day of Service is an opportunity for all Americans to unite and serve at a time when the global pandemic calls on all of us to work together and support our communities.”

The White House designated Monday as a working day for President Donald Trump. A daily schedule released by the White House to reporters said, “President Trump will work from early in the morning until late in the evening. He will make many calls and have many meetings.”

The inaugural committee sponsored a “United We Serve” virtual celebration with participants including the surviving children of King — the Rev. Dr.Bernice King and Martin Luther King III. The Martin Luther King Jr. Memorial in Washington, D.C. was closed to the public through Thursday for security reasons connected with Wednesday’s inauguration.

On MLK Day, Biden volunteers, Trump adds names to his proposed statue garden

Via www.nbcnews.com
Trump’s 1776 Commission also released a report attacking “identity politics.”
 

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Twitter suspends account of Rep. Marjorie Taylor Greene of Georgia over election fraud claims

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Twitter temporarily suspended the account of Rep. Marjorie Taylor Greene on Sunday,  Greene is the Republican U.S. Congresswoman from Georgia who has expressed racist views and support for QAnon conspiracy theories online. The 46-year-old political newcomer was elected to represent Georgia’s 14th District in November. Greene’s account was suspended “without explanation,” she said in a statement, while also condemning big tech companies for “silencing” conservative views.

Shortly before noon on Sunday, Greene posted a clip from an interview with a local news outlet in which she condemned Georgia election officials and expressed support for debunked theories claiming that voting machines, absentee ballots and other issues led to widespread fraud in the state during the presidential election. Twitter responded to the tweet with a message that called the election fraud claim “disputed,” and saying it posed “a risk of violence.”

A statement from Greene’s team on Sunday included screenshots from Twitter which appeared to show the company informing the congresswoman she had violated its rules and would be prohibited from interacting with content on the site for 12 hours. Greene urged Congress to “act to protect free speech” in her statement.

Twitter suspends GOP Rep. Marjorie Taylor Greene

Via www.nbcnews.com
Greene, who has supported President Donald Trump’s efforts to overturn the election, tweeted a…
 

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