Morning Brew Daily
Trump's Exec Actions Impact Energy and Inflation & TikTok is Very Back
Tue, 21 Jan 2025
Episode 501: Neal and Toby recap Trump’s inauguration and discuss the laundry-list of executive orders on trade, immigration, government efficiency, and more. Then, TikTok was finally banned… Then it went back online, with the app giving credit to President Trump. Plus, Trump launches a meme coin, Trump Coin, which sees a record spike shortly after he steps into the White House. Lastly, what you need to know for the week ahead. 00:00 - 5PM Sunset in NYC 2:40 - Trump’s 1st day in office 9:00 - TikTok is back…for now 15:30 - Trump Coin takes off 21:00 - Week Ahead Subscribe to Morning Brew Daily for more of the news you need to start your day. Share the show with a friend, and leave us a review on your favorite podcast app. Download the Yahoo! Finance App (on the Play and App store) for real-time alerts on news and insights tailored to your portfolio and stock watchlists. Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow Learn more about your ad choices. Visit megaphone.fm/adchoices
Chapter 1: What happened on Trump's first day in office?
Then TikTok's ban lasted all of 12 hours as Donald Trump intervened to save the app. Though its long-term future, a little murkier. It's Tuesday, January 21st. Let's ride.
Welcome back. Hope you had a great long weekend. It's so cold. My phone currently says 9 degrees here in Manhattan. However, I do have some good news. In New York at least, today is the first time the sun will set at 5pm in months. And we won't have another pre-5pm sunset until November. So the days are getting longer, even if you can't go outside to enjoy it.
I'm going suntanning, Neil. Spring is basically sprung. Yeah, the high is 10 degrees, but the sun is so back. I'm actually fine dealing with the cold. I've gotten used to it, but the lack of sunlight has affected me. So maybe we move this pod a little closer to the south, do a couple of Florida shows. Sounds good to me. You know what this really affects, though, is golf on the weekend.
Of course it does. Die 2 PMT-Zeiten werden ein bisschen wertvoller. Also, für mich hat der Sommer gesprungen.
So much of what you might see on social media or hear from your friends is noise.
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Chapter 2: How did TikTok return after its brief ban?
Well, it is official. Donald Trump is the 47th President of the United States. The President-elect dropped the elect yesterday and wasted no time after his inauguration busting out his ballpoint pen to sign dozens of executive actions to reshape the economy, immigration and the government to implement his America-first policies. Here's a rundown of the most important.
Trump hat gestern zehn Exekutivordnungen über die Immigration eingeführt, als er auf seine Kampagnen-Vorschläge folgte, um die illegalen Immigration zu beenden und massiven Deportationen zu durchführen. Er hat sich auch für die Verbrechung der Bürgerrechte und die sogenannten Drogenkartelle als freie Terroristenorganisationen beendet.
Auf dem Thema Energie ist Trump bereit, die USA aus dem Paris-Klima-Akkord für die zweite Zeit zu entfernen, weil er sich für die Verbesserung der domänischen Fossilfuelproduktion einsetzt. In seiner Rede hat er auch versprochen, Drill Baby Drill zu machen.
Trump hat am Montag auch erwähnt, dass er die USA von der World Health Organization abwechslungt, die Organisationen, die die Covid-19-Pandemie verletzt haben. Der Wettbewerb war ein weiteres Hot-Button-Kampagnen-Issue von Trump, aber er nimmt die Dinge etwas langsamer, wenn es um Tarife geht.
Er hat nicht mehr neue Tarife durch eine Geschäftsordnung eingereicht und hat stattdessen federalen Organisationen gefragt, eine durchschnittliche Beobachtung der US-Wettbewerbs-Praktiken mit Ländern wie China, Kanada und Mexiko zu unterrichten. In his speech yesterday, he also pledged to create an external revenue service to collect duties from other countries. Finally, Doge appears to be a go.
Trump signed an executive order to establish the Department of Government Efficiency to identify areas of government waste. The new agency will be led by Elon Musk and Vivek Ramaswamy, though the latter will soon leave to run for governor of Ohio, according to reports. Neil, Trump's hand has to be cramping after all that signing, right?
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Chapter 3: What is Trump Coin and why did it spike?
Solid rundown, Tobi. Let's start with trade, because that is what investors, Wall Street, are, is watching the most closely. Trump did not institute any new tariffs on day one. It was this more broad executive order. So you had Wall Street breathing a little sigh of relief. Okay, maybe this is just a kickoff to a negotiating period. But as he's signing this order...
Er spricht über diese breite Ordnung, um Trade-Praktiken zu beurteilen. Er macht es mit den ReporterInnen. Und er sagt, weißt du was, ich denke, wir machen Tarife auf Kanada und Mexiko, 25%. Ich denke, es wird am 1. Februar beginnen. Also, vielleicht kommen sie nicht gestern, aber es scheint, dass Trump... going to move forward with tariffs.
We know how disruptive 25% tariffs on Canada and Mexico, the US' two largest trading partners, is going to be. And now there's a deadline of February 1st. We're back on this rollercoaster of will he, won't he. And the global economy really hangs in the balance. So it was a two-part day where it was a little relief and then, oh no, here we go again.
And then also energy is a big focus of Trump. He immediately pulled the U.S. out of the Paris Climate Accords, something he did in his first term as well. The U.S. now joins Iran, Libya and Yemen as the only countries outside of this global agreement meant to lower fossil fuel emissions. He also has pledged to reverse Biden's, you know,
Efforts to grow the US's green energy, pull out some of those EV credits that has been kind of propping up that industry as well. He also promised to drill, baby drill, which is a little bit ironic because US oil output hit an all-time high under Biden. Last year, the Biden administration issued a record 758 oil and gas drilling licenses.
So a lot of people are looking like there's not that many more places Okay, and then moving on to DOGE, this Department of Government Efficiency, which is this...
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Chapter 4: What are the key executive actions Trump signed?
Chapter 5: What should we expect for the week ahead?
I don't know, task force outside of the government led by Musk and Ramaswami that's supposed to look at federal spending and find areas to cut. Yeah, lost one of its leaders already. Ramaswami essentially confirmed on X yesterday that he's going to leave this task force and run for governor of Ohio. And that's not, you know, the only turmoil that Doge is facing in its first 12 hours of existence.
Minutes after this executive order was created, Doge was hit with three different lawsuits accusing this Department of Government Efficiency of violating federal transparency rules. It's not constitutional according to these lawsuits. So now it's locked in a legal fight. And I should add, this is going to be a huge issue for a lot of these executive orders. They're going to face legal challenges.
The one around birthright citizenship, which says that this is longstanding constitutional enshrinement practice, Vielen Dank.
Und zum Schluss, du konntest die Auszeichnung gestern nicht sehen, ohne aufzusehen und einige der wertvollsten Firmen zu sehen. Die Führer einer dieser wertvollsten Firmen sitzen auf der Grundlage. Du hattest Alphabets, Sundar Pichai da, Elon Musk war natürlich da. Apple's Tim Cook ist da. Und dann hast du das Triumvirate von Jeff Bezos, Mark Zuckerberg und Sam Altman von OpenAI war auch da.
A lot of them, people were noting, had better seats, a front row seat, even better seats than people from Trump's cabinet. So that just goes to show how kind of tethered together the billionaire classes with this upcoming Trump administration. Das war über 1 Trillionen Dollar, also viel Geld auf dem Display in den Vorderseiten an dieser Enauguration.
Nun, es ist endlich passiert, dass TikTok in den USA über den Wochenende dunkel ging, aber seine Zeit offline war kürzer als Kim Kardashians Verheiratung zu Chris Humphries am Samstagabend. Ja, genau. 170 Millionen Amerikaner, die lesen, als Resultat von Präsident Trumps Bemühungen, ist TikTok in den USA zurück.
Nur zwölf Stunden später war es gut wie neu, obwohl es momentan nicht auf der Google- und Apple-App-Store aufgelistet ist. Letzte Nacht folgte Trump auf seine Worte, eine Exekutivordnung zu signen, die den Alltagsvorsitzenden beurteilt, die Bannung für einen Zeitraum von 75 Tagen nicht zu beurteilen, um seine Administration zu ermöglichen, einen entsprechenden Kurs der Aktion nach vorne zu finden.
Neal Trump hat erwähnt, dass seine langfristige Lösung zur Erhöhung von TikTok betrifft, dass die USA eine 50%-Wohnungsposition in der App haben. Aber bis jetzt hat ByteDance ziemlich ehrgeizig gesagt, dass es nicht verkauft wird. Also ist es jetzt Zeit für eine unabhängige Kraft, um ein unbewegables Objekt zu treffen.
This is total legal limbo right now because TikTok is ostensibly alive, but at the same time there is still a law on the books that says Apple, Google, Oracle, all these US companies that host it, distribute it, Untertitelung des ZDF für funk, 2017 per User. You just mentioned that TikTok has 170 million US users.
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