President Donald Trump’s election coincided with a big rally in the stock market, culminating in the Dow Jones industrial average topping the 20,000 mark on Wednesday. But is the entire surge attributable to Mr. Trump? Maybe half of it, but not the entire thing. For sure, the post-election run-up has been solid. The Dow, from Election Day on Nov. 8 through Wednesday, gained 9.5 percent, and from the election to last Friday’s inauguration, 8.6 percent. Before that, the rise was less robust: for 2016 up to Election Day, 5.2 percent. And to deliver that much, the Dow had to struggle through a first half beset by worries about China’s lagging growth, low prices for oil and other commodities and Great Britain’s surprise voted to leave the European Union. The “Trump bump,” as it’s known, actually has had three phases. From the election to mid-December was the bulk of the advance, about six weeks. The Dow crept up close to 20K -- but then the … [Read more...] about How much credit does Donald Trump deserve for Dow rally?
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Vice President-elect Mike Pence worked Sunday to reassure people that Donald Trump’s web of businesses will not pose a conflict of interest for him when he takes office in January, saying there will be “proper separation.” “I’m very confident that the president-elect and his extraordinary talented family are going to work with the best legal minds in this country and create the proper separation from their business enterprise during his duties as President of the United States,” Pence told CBS’ “Face the Nation.” In the days since Mr. Trump’s election, there’s been concern that he is not taking the necessary steps to separate his business interests from his service in the White House. Mr. Trump has declared that his adult children will take over running his business empire, rather than putting things in a blind trust as past presidents have done. The New York Times reported that Trump met last week with Indian business … [Read more...] about Mike Pence pledges “proper separation” between Donald Trump and business empire
Republican National Committee Chairman Reince Priebus, who’s set to become President-elect Donald Trump’s chief of staff, said Sunday that Mr. Trump intends to preserve Medicare and Social Security -- despite the fact that this puts him at odds with much of the Republican Party. “I don’t think President-elect Trump wants to meddle with Medicare or Social Security,” he told CBS’ “Face the Nation.” “He made a promise during the campaign that that was something he didn’t want to do. But what he wants to do is grow the economy, help shore up Medicare and Social Security for future generations.” Mr. Trump said frequently during the 2016 campaign that he didn’t plan to touch entitlement spending, including Medicare and Social Security. However, congressional Republicans -- including House Speaker Paul Ryan -- have long favored restructuring both programs. And as Republicans strategize about how best to repeal and replace … [Read more...] about Reince Priebus: Donald Trump doesn’t want to “meddle” with Medicare, Social Security
Last Updated Apr 30, 2017 10:39 AM EDT On his 100th day in office Saturday, President Trump spoke to CBS News' chief Washington correspondent and host of "Face the Nation," John Dickerson, about his accomplishments at the traditional milestone and beyond, before flying to Harrisburg, Pennsylvania, to give a speech at a rally. Questions on Trump's policy knowledge remain after 100-day marker"Could've been China," Trump says on election hackingWhat follows is a full transcript of the interview, which aired on CBS earlier Sunday. Additional coverage of the interview will air Monday on "CBS This Morning," broadcasting live from the White House. JOHN DICKERSON: Mr. President, you and the administration said to North Korea, "Don't test a missile." They have tested a missile. Is the pressure not working? PRESIDENT DONALD TRUMP: Well, I didn't say, "Don't test a missile." He's going to have to do what he has to do. But he understands we're not going to be very happy. And I will tell you, a … [Read more...] about FULL TRANSCRIPT: President Donald Trump’s interview with “Face the Nation”
Today on FACE THE NATION: As he hits the 100-day milestone, President Trump adds more to his to-do list, and takes a couple of victory laps. We spent the day with him. (BEGIN VIDEO CLIP) UNIDENTIFIED MALE: The president of the United States of America, President Donald Trump! (CHEERING AND APPLAUSE) (END VIDEO CLIP) DICKERSON: It was back to the comfort of a campaign rally for the president, as he marked his 100th day in office. But, before that celebration, among the die-hard supporters in Harrisburg, Pennsylvania, we sat down with the president at the White House for a wide-ranging interview, everything from the North Korea threat: (BEGIN VIDEO CLIP) DONALD TRUMP (R), PRESIDENT OF THE UNITED STATES: I would not be happy. If he does a nuclear test, I will not be happy. DICKERSON: Not happy mean military action? TRUMP: I don't know. I mean, we'll see. (END VIDEO CLIP) DICKERSON: To what he thinks of his new job. (BEGIN VIDEO CLIP) TRUMP: I love doing it. I'm, you know, … [Read more...] about Face the Nation transcript April 30, 2017: President Donald Trump