Trump Congratulates US Public for Stock Market Record, Vaccine Development

US stocks finish higher as energy rallies - Xinhua |

Trump Congratulates US Public for Stock Market Record, Vaccine Development

I'm very thrilled with what has happened on the vaccine front.

"I just want to congratulate all the people within the administration who work so hard, mostly I want to congratulate the people of this country", he said.

"We are positioning for a 20% stock market pullback between now and the 2021 presidential inauguration", said James McDonald, chief executive officer of Hercules Investments in Los Angeles. "Never been broke, that number". That is a sacred number, 30,000. "Nobody thought they'd ever see it", he continued.

Wall Street soared Tuesday morning after the Trump administration agreed late Monday to start the transition process to President-elect Joe Biden, giving him access to millions of dollars in federal funds and other resources to begin his transition to power.

President Trump speaks in the press briefing room as Vice President Mike Pence listens Tuesday, Nov. 24, 2020, in Washington.

He left without taking questions, prompting one reporter to say the appearance was some "weird as s***".

President Donald Trump with Vice President Mike Pence, delivers remarks in the James Brady Press Briefing Room at the White House in Washington on November 24, 2020.

US officials said on Tuesday they plan to release 6.4 million COVID-19 vaccine doses nationwide in an initial distribution after the first one is cleared by regulators for emergency use.

Many analysts believe the stock market is performing well as a result of encouraging news about a COVID vaccine, and amid expectations that Biden will lead a less chaotic White House.

Democratic presidential candidate Joe Biden has declared victory in the election, a claim bolstered by the certification on Monday by MI officials of the results there.

President Trump later shared a message from his campaign, highlighting the record as evidence of the "Great American Comeback". The Epoch Times won't call the race until the litigation is resolved.

"There has been a lot of positive vaccine news recently and with the announcement that the transition of the Biden administration is kicking off, it just makes a lot of uncertainties of the future disappear".

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