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Politics Trump makes one-minute appearance to tout Dow's 30,000

20:40  24 november  2020
20:40  24 november  2020 Source:   thehill.com

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President Donald Trump briefly emerged to tout the Dow Jones Industrial Average breaking 30 , 000 for the first time ever, and then vanished after a minute without taking questions. The president' s brief appearance came less than a day after his administration took a major step toward the transition into

Now Trump has preordered “ Dow 30 , 000 ,” though not literally. Given his track record of making statements about the stock market and his tone in Trump is not the only one . Wall Street strategists are tripping over themselves to raise their targets for the stock market. Gurus who were until recently

President Trump on Tuesday made an impromptu appearance in the White House briefing room to celebrate the stock market surpassing 30,000 points, but he left without taking questions or addressing the official start of the transition process to the Biden administration.

Donald Trump, Mike Pence are posing for a picture: Trump makes one-minute appearance to tout Dow's 30,000 © Getty Images Trump makes one-minute appearance to tout Dow's 30,000

Trump's appearance came as he increasingly has been out of the public eye. It was also less than 24 hours after he tweeted his approval of his government beginning a transition process to President-elect Biden, which many observers saw as the closest he is likely to come to conceding defeat.

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The Dow Jones Industrial Average breached the 30 , 000 -mark for the first time ever on Tuesday, as optimism soared on Wall Street amid hopes of The fresh milestone was reached after US President Donald Trump formally cleared the way for an orderly transition of power to President-elect Joe Biden

Trump jokes Dow 30 K will be the next big milestone. Here’ s how long it could take. "If you look at the previous bull market that we're looking to eclipse, the one that happened in the 1990 s For the Dow to reach 30 , 000 by the end of the year, it would need to add another 19 percent from current levels.

The president appeared at the podium for roughly one minute. Vice President Pence stood behind him, expressionless. Trump had no public events on his schedule until 2 p.m. when he was to pardon the national Thanksgiving turkey.

"I just want to congratulate everybody," Trump said, entering the room moments after the event was alerted.

"The stock market Dow Jones Industrial Average just hit 30,000, which is the highest in history. We've never broken 30,000, and that's despite everything that's taken place with the pandemic," he said.

"Never been broken, that number. That's a sacred number, 30,000," he added.

"I just want to congratulate all the people within the administration that work so hard, and most importantly I want to congratulate the people of our country," Trump said.

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Tiffany Trump , the least openly political of her adult siblings, made a rare appearance in support of her father on It' s been four years since Tiffany' s previous RNC speech, which was then her most notable political appearance . The Dow Jones Industrial Average plunged 600 points early Wednesday, as

The Dow Jones Industrial Average traded above 30 , 000 points for the first time Tuesday as investors were encouraged by the latest progress on developing coronavirus vaccines and news that the transition of power in the US to President-elect Joe Biden will finally begin.

He then thanked the reporters who had hastily assembled and walked out.

Trump has touted stock market gains throughout his presidency, taking credit for soaring highs and brushing off periodic dips. His appearance on Tuesday may have been an attempt to grab credit for the historic rise on the Dow, and to siphon some attention away from Biden, who was scheduled to speak at 1 p.m. about his Cabinet picks.

His stock market remarks were delivered roughly an hour after the Dow surpassed 30,000 for the first time, coinciding with the announcement of several of Biden's Cabinet picks and news on the development of several effective COVID-19 vaccines.

Trump on Monday night said he gave the go ahead for the General Services Administration (GSA) to formally begin the transition process that will give Biden and his team access to resources to ease the process of taking over in January.

But the president made clear in subsequent tweets that he was not conceding, and he has spent the better part of the last few weeks sowing doubt about the election outcome without presenting any evidence of widespread fraud.

"Remember, the GSA has been terrific, and Emily Murphy has done a great job, but the GSA does not determine who the next President of the United States will be," Trump tweeted Tuesday morning.

The president has not publicly commented on the election since delivering remarks in the briefing two days after the election, where he pledged to pursue legal challenges to the outcome.

Michigan and Pennsylvania have certified their election results in the last 24 hours, officially making Biden the winner and dealing major blows to Trump's last gasp attempts to overturn the election.

Dow cracks the 30,000 mark .
The corona crisis initially sent the stock exchanges into a rapid decline. Now they are picking themselves up again to new heights - especially the courses on New York's Wall Street. © AFP / A. Weiss symbol of capitalism: record mood on Wall Street: Investors reacted with relief to the relenting of US President Donald Trump in the dispute over the handover of office to his successor Joe Biden. Hopes for effective vaccines against the coronavirus also spurred the market.

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