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Mr. and Mrs. Obama greet each other with a smile at the White House. Trump shakes Obama’s hand tightly without hiding the feeling of euphoria as he has a slightly nervous look. Several US television stations were broadcasting the images of the administration’s inauguration four years ago since the morning. Trump will not attend Byden’s inauguration ceremony and will retire on the 20th. Some television stations have shown countdown clocks that are hours and minutes until the end of the Trump administration. Here are five news items to keep in mind as you start your day.
Already on the republican wall
Janet named as the next US Secretary of the Treasury.Yeren sought support for the $ 1.9 trillion (about 197 trillion yen) economic measures established by the next president, Byden, as an essential support measure, but the Republican Party responded immediately. Yelen, who attended the approval hearing at the Senate Finance Committee, called on lawmakers for “bold action,” but the Republican Party was reluctant to take the economic measures. “This is not the time to implement a series of liberal structural economic reforms,” said Chuck Glasley, chairman of the Finance Committee, who said that $ 900 billion in economic measures had been approved in December last year. Was.
Is it a change in monetary policy?
“The United States is not aiming for a weak currency to gain a competitive advantage and we should not allow other countries to do so,” Yeren said.It is a statement that suggests a return to a strong dollar policy. The policy of the strong dollar has been the policy of the United States since the Clinton administration, but President Trump has abandoned it in practice. Turning to China, he said it was stealing intellectual property rights and said the next Byden administration was ready to counter such acts.
Pure profit 2 times
In October-December 2020 (fourth quarter) for the Goldman Sachs Group, net income more than doubled due to increased income from investment banking operations. Investment banking income increased 27% year-on-year. The share subscription fee has almost tripled. Stock trading income increased 40%, offsetting lower-than-expected bond trading declines. “Employees worked at home and in offices that changed dramatically and responded brilliantly to their work and personal challenges,” said David Solomon, CEO, in a statement.
More than 800 million dollars back
Bank of America (BofA) returned a bad debt reserve of $ 828 million in October-December 2020 (fourth quarter). Sales and operations revenue increased 7% year-over-year to $ 3.06 billion, below analysts’ forecast of $ 3.15 billion. The unexpected drop in bond trading echoed. Net income fell to $ 5.47 billion. Twelve analysts expect $ 4.9 billion. Earning per share was 59 cents, which beat analysts’ expectations of 55 cents.
2% 10-year bond yield
JP Morgan Asset Management predicted that the recovery in the US economy, which was affected by the new corona virus, could push US 10-year bond yields to nearly double their current level by the end of 2021. Inflation risk will be Rekindles Due to Increased US Financial Spending & Global Spread of VaccinesYields on US 10-year bonds could reach 2% by the end of the year.
Other hot news
Shame that Trump abandons the division of Washington and the mistakes of the crown
Buy on the Stock Squeeze, Unlikely to Enter Bear Market-Goldman
Brinken, nominated by the next Secretary of State of the United States, promises a hearing of approval of the diplomacy of “humility”
