The 46th US President Joe Biden was officially inaugurated in Washington, DC on the 20th (local time), while pop star Lady Gaga is singing the US nation. EPA Yonhap News
As the 46th President of the United States, Joe Biden, sworn in office in Washington, DC on the 20th (local time) and began official affairs, attention is focused on what executive order to sign on the first day. This is because it presents the foreign policy direction of the United States, the strongest country, for at least 4 to 8 years (consecutively) in the future.
Biden will sign more than a dozen executive orders later this afternoon, according to CNBC. The policy subject to signing was decided according to the priority of the policy.’
The first is a message that it will be a measure to mandate the wearing of masks in all federal buildings. It is evaluated that the intention that early eradication of the novel coronavirus infection (Corona 19) is the core of US reconstruction. The following is a list of executive orders expected to be signed shortly after taking office.
-Mandatory wearing of masks in federal facilities for the next 100 days
-Temporarily suspend repayment of principal and interest of student loans
-Rejoining the World Health Organization (WHO) and resuming cooperation
-Deferred eviction and foreclosure of tenants
-Re-joining the Paris Climate Change Convention
-Lifting ban on travel to Islamic countries
-Stop building border barriers with Mexico
-Initiate a pan-government plan to improve racial equity
-Prevention of discrimination based on gender identity and sexual orientation
On the first day of Biden’s inauguration, the New York stock market rose sharply. On the New York Stock Exchange (NYSE), the Dow index rose 0.83% to 31,188.38, the S&P 500 rose 1.39% to 3851.85, and the Nasdaq index rose 1.97% to 13,457.25, respectively. All at once, they recorded all-time highs.
Biden announced the introduction of an additional $1.9 trillion in stimulus package, and finance minister-nominee Janet Yellen confirmed the aggressive policy to expand fiscal spending at a confirmation hearing the previous day.
The S&P 500 index of the New York Stock Exchange in the US surged right after opening on the 20th (local time). Wall Street Journal capture
The fact that companies’ earnings in the fourth quarter of last year were better than expected amid the Corona 19 crisis also provided vitality to the stock market. According to Factset, a financial information provider, the Wall Street Journal reported that 88% of companies that reported their results so far exceeded market expectations.
Terry Sandburn, senior equity strategist at US Bank Wells Management, said in an investment note released on the day that “low interest rates and increased corporate earnings will be the basis for future stock market gains in a limited inflation situation.”
However, Brian O’Reilly, head of market strategy at the Midoranum Investment Fund, warned that “the stock price has risen to a historic high, and there may be harsh consequences for companies that are not supported by earnings.”
New York = Correspondent Jae-gil Cho [email protected]
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