Trump touts Dow hitting 30Okay, congratulates administration staffers in short look

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President Trump speaks in the press briefing room as Vice President Mike Pence listens Tuesday, Nov. 24, 2020, in Washington. (AP Photo/Susan Walsh)


President Trump gave a roughly one-minute information briefing Tuesday afternoon, touting the Dow Jones Industrial Common topping 30,000 and providing congratulations to his administration staffers. 

“I’m very thrilled with what’s occurred on the vaccine entrance, that is been completely unbelievable. Nothing like that has ever occurred medically, and I believe individuals are acknowledging that,” Trump started, after asserting the briefing solely moments earlier than. 

“It is having a giant impact. The inventory market’s simply damaged 30,000, by no means been damaged, that quantity. That is a sacred quantity, 30,000, and no person thought they’d ever see it.” 

The president famous it was the ninth time because the starting of 2020 the market had damaged information and the 48th time below his presidency. 

DOW HITS 30,000 IN BROAD MARKET RALLY 

“I simply wish to congratulate all of the individuals throughout the administration who work so laborious, principally I wish to congratulate the individuals of this nation,” he mentioned.

President Trump speaks in the press briefing room as Vice President Mike Pence listens Tuesday, Nov. 24, 2020, in Washington. (AP Photo/Susan Walsh)

President Trump speaks within the press briefing room as Vice President Mike Pence listens Tuesday, Nov. 24, 2020, in Washington. (AP Photograph/Susan Walsh)

Vaccine optimism, mixed with one other strong learn on U.S. dwelling costs, drove a broad market rally led by Dow members Common Electrical, Financial institution of America and Boeing.

The rally was additionally supported by the probability that President-elect Joe Biden will formally appoint former Federal Reserve Chair Janet Yellen as his Treasury secretary.

MEADOWS PUSHED TRUMP TO ALLOW TRANSITION TO BEGIN: SOURCES 

shares, these tied to the reopening of the economic system continued to achieve momentum after AstraZeneca on Monday grew to become the third firm to announce optimistic information relating to its COVID-19 vaccine.

Shortly earlier than the press briefing, Pennsylvania adopted Michigan in certifying its election outcomes for Biden and Vice President-elect Kamala Harris. Nevada additionally licensed on Tuesday.

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The certification comes as President Trump’s marketing campaign is interesting a federal choose’s dismissal of his marketing campaign’s effort to dam the certification of votes in Pennsylvania, however Trump made no point out of his authorized pursuits.

FOX Enterprise’ Jonathan Garber contributed to this report.



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