USA: Christmas gift

GiNN-BerlinKontor.–President Donald J. TRUMP has frequently mentioned that he hopes Republican tax cuts will deliver an early Christmas gift for all Americans this December. On at least one count, it looks like Christmas may have come even sooner than expected.

The Dow Jones Industrial Average closed yesterday at a new record high of 24,290—the 64th record-setting close for the stock market under President Trump. This latest surge came as the market climbed more than 200 points to open trading yesterday morning, buoyed by news from over the weekend that Republican senators had voted to pass sweeping tax-reform legislation. Trump:  It’s clear that American businesses are hungry for a 21st-century tax code built for growth. (source whitehouse.gov).