Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
China Consumer Stocks Near Decade Lows as AI Shares Surge 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Trump, Xi Focus on Trade and AI at White House Summit 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
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Trump Confirms Haley and Pompeo Excluded from 2025 Administration
President-elect Donald Trump announced on Saturday that former U.N. Ambassador Nikki Haley and former Secretary of State Mike Pompeo will not join his upcoming administration. Trump, currently preparing his cabinet ahead of the January 20 inauguration, stated on social media, “I will not be inviting former Ambassador Nikki Haley or former Secretary of State Mike Pompeo to join the Trump Administration, which is currently in formation. I very much enjoyed and appreciated working with them previously and would like to thank them for their service to our country.”
Trump’s decision comes as he considers other candidates for top roles, including Scott Bessent, a prominent investor under consideration for U.S. Treasury Secretary, according to Reuters.
Haley, previously the South Carolina governor and U.S. ambassador to the United Nations under Trump, endorsed Trump’s 2024 candidacy despite their past political disagreements. Pompeo, a former CIA director and Secretary of State under Trump has been mentioned in media discussions as a potential defense secretary, though he declared in 2023 that he would not pursue the Republican presidential nomination.
Trump Taps Inaugural Co-Chairs
Trump also named real estate investor Steve Witkoff and former Senator Kelly Loeffler as co-chairs for his 2025 presidential inauguration. The announcement underscores his administration’s continued reliance on experienced campaign allies as he prepares for his second term.
