Here are the top news, trends, and analysis investors need to get their trading day started:
1. Dow wants to resume its profit opportunities
This combination of images, taken on January 15, 2021, shows U.S. President Donald Trump on July 29, 2020 at the White House in Washington, DC, and Democratic presidential candidate and former Vice President Joe Biden in Dallas on October 24, 2020, Pennsylvania.
Getty Images
2. Yellen goes to the Senate Board for a hearing for confirmation
US Treasury Secretary candidate Janet Yellen speaks during an event to nominate President-elect Joe Biden’s economic team on December 1, 2020 at the Queen Theater in Wilmington, Delaware.
Alex Wong | Getty Images
Janet Yellen, Biden’s candidate for the Treasury Department, will tell the Senate Finance Committee Tuesday that the government must “act big” on its next move to relieve the coronavirus. The president-elect last week unveiled a $ 1.9 trillion stimulus package. In a prepared testimony for her confirmation hearing, the former Fed chief also said the US economy needs to be rebuilt “so that more people can prosper”.
3. Biden’s scheduled 10 day blitz of executive action
Signage for the presidential inauguration on a barrier in front of the White House in Washington, DC, the United States, on Monday, Jan. 18, 2021.
Al Drago | Bloomberg | Getty Images
Biden is planning a ten-day blitz of executive action on what his government calls the “four crises” the country is facing: Covid, the economic downturn, racial injustice and climate change. Biden chief of staff Ron Klain told CNN on Sunday that the president-elect would return to the White House after his inauguration and “take immediate action to move the country forward”. Klain also said Biden’s inaugural address was “a message to move this country forward, a message of unity, a message to get things done”.
4th Covid Memorial as US virus deaths close to 400,000
The “Field of Flags” in the National Mall is lit as the US Capitol prepares for the inauguration of President-Elect Joe Biden in Washington, USA, on January 18, 2021.
Joe Raedle | Reuters
Biden’s inauguration committee will hold a memorial to commemorate the lives Covid-19 lost in Washington Tuesday evening as U.S. coronavirus deaths neared 400,000. The president-elect is expected to speak at the memorial ceremony. On Monday, the incoming Biden administration said it would not lift an entry ban for most visitors from Europe and Brazil shortly after Trump ordered an end to those travel restrictions. The outgoing president first introduced the Covid rules in March.
5th Senate awaits impeachment article from Trump
The shields of the US National Guard will be laid out on January 13, 2021 in front of the US Capitol on Capitol Hill in Washington (USA).
Jim Bourg | Reuters
The Senate, which returns on Tuesday, is waiting for the only impeachment case to be handed over against Trump for instigating the January 6 attack on the U.S. Capitol. Trump’s impeachment process is unlikely to begin until after he leaves office. Republicans are still setting the tone in the Senate until the two new Democratic Senators of Georgia are sworn in, who will then flip the majority in the chamber with 50:50 split and elected Vice President Kamala Harris as a tie.
– The Associated Press and Reuters. Follow all developments on Wall Street in real time with CNBC Pro’s live market blog. Find out about the latest pandemics on our coronavirus blog.
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