Wall Street is bracing for President Trump’s first full week in office. Stocks started the day in the red as the dollar fell after Trump took a protectionist tone in his inauguration speech and investors wait for details on his trade, tax and health care policies.
Here are some of the other stories the Yahoo Finance team is covering for you today.
The Trump era begins
Investors are eager to hear about President Trump’s trade agenda after learning British Prime Minister Theresa May will visit Trump on Friday to talk about a trade deal. And Trump says he’ll start talking soon with leaders in Canada and Mexico about NAFTA. How will the economy and markets respond to Trump’s trade moves?
Foxconn and Apple may invest $7B in US plant: report
Apple (AAPL) may reportedly team up with its Taiwanese supplier Foxconn, which is considering investing $7 billion to build a flat-panel screen factory in the US. The Nikkei Asian Review quotes Foxconn CEO Terry Gou saying Apple is willing to invest in the project because it needs flat-panel displays. Gou said the factory could create 30,000 to 50,000 American jobs, and that discussions were underway with officials in Pennsylvania and other states. No comment yet from Apple.
McDonald’s beats the Street
McDonald’s (MCD) delivered a beat on both its top and bottom lines for the fourth quarter. Worldwide comparable-store sales climbed 2.7%, which was stronger than the 1.4% gain expected by analysts. In the US, comparable store sales declined by 1.3%, which wasn’t as bad as the 1.4% decline expected. Can the company keep the momentum going?
