Summers, who criticized the last round of inflation in the usa, stated that Trump will trigger an "inflation crisis not seen in decades."

Summers warned that if Trump insists on fulfilling the promises made during his campaign, the usa will suffer a more severe inflation shock than in 2021. It is hoped that Trump can learn from this term and adjust his plans to avoid causing inflation.

wallstreetcn19:19 ET

Overnight U.S. stocks | The three major indexes had mixed results, the dollar surged to a one-year high, and Trump's media technology (DJT.US) fell by 5%.

As of the close, the Dow Jones increased by 47.21 points, a rise of 0.11%, closing at 43,958.19 points; the Nasdaq decreased by 50.66 points, a drop of 0.26%, closing at 19,230.74 points; the s&p 500 index increased by 1.39 points, a rise of 0.02%, closing at 5,985.38 points.

Zhitong Finance17:00 ET

Trump Media & Technology Options Spot-On: On November 13th, 149.06K Contracts Were Traded, With 1.5 Million Open Interest

Moomoo News16:30 ET

Express News | Trump Picks Matt Gaetz To Serve As Attorney General

Benzinga15:27 ET

Express News | Trump Picks Former Democratic Congresswoman Tulsi Gabbard To Serve As Director Of National Intelligence

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Express News | LIVE: Watch Donald Trump Makes His Return To Washington In Meeting With Joe Biden

Benzinga11:18 ET