The New US President of 2024

• Republican Donald Trump looks set to become the next US president - in a victory that would see him make a historic return to the White House. Projected results in crucial swing states - including North Carolina, Georgia and Pennsylvania - are in favour of the former president. The race with Democrat Kamala Harris was thought to be razor-thin, but overnight results showed Trump on the cusp of the crucial 270 electoral votes.

Share Market's reaction to Donald Trump

• Trump declared victory after Fox News projected that he had defeated Democrat Kamala Harris, though other media outlets had not yet confirmed the outcome. Despite the uncertainty, markets responded positively, anticipating a Trump presidency.
  
  Tesla's stock skyrocketed by 11%, driven by Elon Musk’s continued endorsement of Trump throughout the campaign. If re-elected, Trump has promised to appoint Musk as head of a government efficiency commission.
  
  Shares of Trump Media & Technology Group, where the former president holds a majority stake, surged by 30%, nearly tripling from their September lows and boosting Trump's stake to an estimated $5 billion.
  
  Meanwhile, broader market indices were also up. The S&P 500 futures hit a record high, and futures tied to the Russell 2000 index, which tracks small-cap stocks, surged by 5.6%. Investors are betting that U.S.-focused companies will benefit from tax incentives and policies favoring domestic production under a Trump presidency.

Very well paid - the last tenure

Few Trump Administration Accomplishments (2016-2020)

• • America gained 7 million new jobs – more than three times government experts’ projections.
  • Middle-Class family income increased nearly $6,000 – more than five times the gains during the entire previous administration.
  • Unemployment for women hit its lowest rate in nearly 70 years.
  • The DOW closed above 20,000 for the first time in 2017 and topped 30,000 in 2020.
  • The S&P 500 and NASDAQ have repeatedly notched record highs.
  • Signed an Executive Order on Modernizing the Regulatory Framework for Agricultural Biotechnology Products, which is bringing innovative new technologies to market in American farming and agriculture.
  • Signed the Tax Cuts and Jobs Act – the largest tax reform package in history.
  • More than 6 million American workers received wage increases, bonuses, and increased benefits thanks to the tax cuts.
  • A typical family of four earning $75,000 received an income tax cut of more than $2,000 – slashing their tax bill in half.
  • Successfully negotiated more than 50 agreements with countries around the world to increase foreign market access and boost exports of American agriculture products, supporting more than 1 million American jobs.
  • For the first time in nearly 70 years, the United States has become a net energy exporter.
  • The United States is now the number one producer of oil and natural gas in the world.
  • Natural gas production reached a record-high of 34.9 quads in 2019, following record high production in 2018 and in 2017.
  • Doubled the Child Tax Credit from $1,000 to $2,000 per child and expanded the eligibility for receiving the credit.
  • Included women’s empowerment for the first time in the President’s 2017 National Security Strategy.
  • Signed into law key pieces of legislation, including the Women, Peace, and Security Act and the Women Entrepreneurship and Economic Empowerment Act. Created the largest, most advanced, and most innovative testing system in the world.
  • Built the world’s leading testing system from scratch, conducting over 200 million tests – more than all of the European Union combined.
  • Engaged more than 400 test developers to increase testing capacity from less than 100 tests per day to more than 2 million tests per day.

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