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The Fox News Rundown

Business Rundown: Trump Victory Ushers In A Wall Street Boom

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.41.7K Ratings

🗓️ 6 November 2024

⏱️ 14 minutes

🧾️ Download transcript

Summary

The markets have reacted to former President Trump 2024 presidential victory, shooting up to record highs as many are investing based on the Trump campaign promises to cut regulations and slash taxes.  So what will a second  Trump administration mean for Americans’ wallets? The Big Money Show co-anchor Taylor Riggs and Brian Brenberg walk through the Trump economic plans on taxes, tariffs, government spending, and how they could revitalize the US economy. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Wednesday, November 6th, 2024. I'm Brian Brenberg. And I'm Taylor Riggs. This is the Fox Business Rundown.

0:10.8

We are back on in the middle of the week for a special 2024 election episode. Former President Trump has won the presidential race, expected to exceed about 300 electoral vote.

0:23.1

And the markets have been reacting to the Trump victory.

0:26.0

At the time of recording, stocks have been seeing a historic rally with the Dow, the S&P 500, the NASDAQ, all hitting all-time intraday highs.

0:34.8

So let's get into what is driving this and what kind of economy Americans can expect under a second Trump administration.

0:42.9

Brian, there is no one better to get into it than you.

0:46.4

We just came off of our show.

0:48.1

We had Kevin O'Leary and Anthony Pompliano.

0:51.0

Yeah.

0:51.4

These are what, billionaire, businessmen, entrepreneurs, right?

0:56.4

So excited about this economy and not just excited because stocks are higher today, right?

1:01.7

It's deeper than that.

1:02.9

It's more long term.

1:04.0

Well, they were pumped about the possibility of unleashing entrepreneurship.

1:09.7

That's their thing.

1:10.6

That's what they do. And so right away they got into the conversation of unleashing entrepreneurship. That's their thing. That's what they do. And so right

1:12.4

away they got into the conversation of deregulation, which is one of Trump's signature things.

1:19.2

And he's really talking about two things there. One, deregulate, pull back in the bureaucracy.

1:24.0

Two, you got Elon Musk, the guy who's going to actually cut government spending, cut all

1:29.8

those folks in D.C. making all that regulation.

1:33.2

Their prediction is this is an economy poised for much stronger growth because there's much

1:39.5

less of a government wet blanket sitting on top of it.

...

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