What should we make of President-elect Donald Trump’s SEC and IRS appointments?
“We don’t have any inside information,” says customs broker Gretchen Blough. “So we’re just kind of holding hands with our customers.”
Scott Bessent is a hedge fund manager who investors believe will balance Trump’s economic promises with fiscal reality as treasury secretary.
Trump’s deportation plans would slow down construction, while his tariff and tax policies could keep interest rates high.
Donald Trump wants to find a treasury secretary who can champion tariffs and keep financial markets calm.
With import charges looming, Wesley Rule, owner of Knoxville Fine Violins, is considering alternatives to Chinese-made instruments.
“I am feeling ready to be surprised,” said Gene Gebolys of World Energy, an alternative fuels provider.
Some companies with ongoing legal and regulatory disputes with federal agencies have an incentive to wait for the new, likely more business-friendly, administration to come into power.
To learn more, “Marketplace Morning Report” host David Brancaccio spoke with Zanny Minton Beddoes, editor-in-chief of The Economist magazine.
It started picking up strength as soon as betting markets indicated he was winning.
