Trump administration

As a new Trump administration prepares to enter the White House, after months of promises to crack down on illegal border crossings, new data emerges that seemingly confirms that the citizens in Mexico and Central America have taken him at his word.  As data from the PewResearchCenter confirms, there has been a surge in illegal border crossings in October and November with the apprehension of people traveling as a family unit up 130% YoY. 

In one of the most euphoric praises for Donald Trump and the president-elect's fledgling administration to date, overnight Bridgewater founder Ray Dalio said economic changes under the Trump administration may be more dramatic than shifts from “the socialists to the capitalists” in the U.K., U.S. and Germany from 1979 to 1982, and predicted that "we are about to experience a profound, president-led ideological shift that will have a big impact on both the US and the world."

After repeatedly referring to NAFTA as "the worst trade deal maybe ever signed anywhere" during the presidential campaign, the Trump administration seems to be softening it's protectionist rhetoric.  According to The Hill, in speaking to a group of concerned business leaders, Trump advisor Anthony Scaramucci said that the new administration isn't looking to "rip up NAFTA" but rather to "right-size it and make it fairer." 

Submitted by Tho Bishop via The Mises Institute,

Donald Trump hasn’t yet made the move from Trump Tower to America’s most expensive public housing, but he was able to come through with one campaign promise this week by announcing a deal with Indiana-based Carrier Air Conditioning that will keep almost 1,000 jobs in the state. As reported, the deal seems largely focused on the State of Indiana offering millions in tax breaks and an understanding that the Trump administration will push for regulatory and corporate tax relief at the Federal level.

Just a day after Goldman COO Gary Cohn unexpectedly met with Donald Trump, he is now said to be "weighing a future outside the firm" the WSJ reports. According to Dow Jones, the bank's "Number 2", who met with Trump on Tursday, has had conversations in recent months about leaving the bank.