Tag: Biden

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Corporate America is ready for a Biden presidency

President Trump has yet to concede and many prominent Republicans in Washington aren’t publicly throwing in the towel either. But Corporate America is ready to move on and is preparing for a Joe Biden presidency.



C. Douglas Mcmillon wearing a suit and tie: Walmart President and CEO, Doug McMillon, announced today that Walmart will give hiring preference to military spouses, becoming the largest U.S. company to make such a commitment. This announcement came during a Veterans Day ceremony on Monday, Nov. 12, 2018 in Bentonville, Ark.


© Gareth Patterson/AP
Walmart President and CEO, Doug McMillon, announced today that Walmart will give hiring preference to military spouses, becoming the largest U.S. company to make such a commitment. This announcement came during a Veterans Day ceremony on Monday, Nov. 12, 2018 in Bentonville, Ark.

Executives from several publicly traded companies have acknowledged Biden’s victory and discussed what they expect to see from the new administration during various conference calls over the past few weeks.

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“I want to wrap up by saying congratulations to President-elect Biden,” Walmart CEO Doug McMillon said during the retailer’s earnings call on November 17.

“We look forward to working with the administration and both houses of Congress

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Trump carries on fight to overturn Pennsylvania’s election even as his administration green-lights Biden transition

President Donald Trump’s campaign on Monday took its fight to block Pennsylvania from certifying its election results to a federal appeals court, even as his administration agreed to let government agencies prepare for the transition to Joe Biden’s administration.

Giuliani argues to block Biden win in Pennsylvania

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The long-shot legal motion before the U.S. Court of Appeals for the Third Circuit came two days after a federal judge issued a scathing ruling that dismissed the campaign’s effort to block the state from certifying its results, which show that Biden won the state.

Trump’s lawyers sought the delay to give them more time to find evidence of a fraudulent election system and improper ballot counting. District Court Judge Matthew Brann ruled on Saturday that they had failed to provide “compelling legal arguments and factual proof of rampant corruption.”



Donald Trump wearing a suit and tie standing in front of a flag: Mail voting favored Democratic presidential nominee Joe Biden, and in-person voting tended toward President Donald Trump.


© Angela Weiss, AFP via Getty Images

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Gold Drops to Four-Month Low on Vaccine News, Biden Transition

(Bloomberg) — Gold dropped to the lowest level in four months amid optimism over Covid-19 vaccine developments and the triggering of a formal transition process to President-elect Joe Biden.

The General Services Administration acknowledged Biden as the apparent winner of the presidential election on Monday, following weeks of inaction, and President Donald Trump called on his agencies and departments to cooperate. Biden plans to nominate former Federal Reserve Chair Janet Yellen to serve as his Treasury secretary, people familiar with the matter said.



chart: Gold drops to four-month low on virus progress, Biden transition


© Bloomberg
Gold drops to four-month low on virus progress, Biden transition

After rallying to a record in August, bullion prices are taking a hit amid vaccine progress and the recent outflow from gold-backed exchange-traded funds. The Covid-19 shot developed by the University of Oxford and AstraZeneca Plc prevented a majority of people from getting the disease in a large trial, another promising development in the quest

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Politicizing masks ‘is like politicizing toilet paper,’ Biden coronavirus adviser says



Dr. Celine R. Gounder standing in front of a book shelf


© MSNBC screenshot


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That’s Dr. Celine Gounder, a member of the Biden-Harris coronavirus advisory board, stressing the importance of mask-wearing Monday during an MSNBC interview with Katy Tur.

Gounder, an epidemiologist and infectious disease specialist, said it will be difficult to change anti-mask attitudes, but that providing more financial aid could help.

Video: ‘I don’t need your instruction’: Lawmakers clash over masks on Senate floor (The Washington Post)

‘I don’t need your instruction’: Lawmakers clash over masks on Senate floor

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“People resist, people disbelieve when their other needs are not being met,” she told MSNBC, adding that the abstract threat of the coronavirus might be outweighed by economic fears that often have a greater impact on people’s everyday lives.

“We really do need to be addressing both at the same time, and that includes having another stimulus package passed,” Gounder said.

She delivered

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Stocks Gain on Start of Formal Biden Power Shift: Markets Wrap

(Bloomberg) — U.S. equity futures and most Asian stocks climbed Tuesday after the triggering of a formal transition process to President-elect Joe Biden. The dollar dipped.

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S&P 500 contracts advanced after the General Services Administration acknowledged Biden as the apparent winner of the presidential election. Stocks outperformed in Japan and Australia. They also rose in South Korea and were little changed in Hong Kong and China.

Earlier, U.S. equities closed in the green, with tech shares lagging and small caps jumping. AstraZeneca Plc became the latest firm to deliver positive vaccine news, bolstering demand for cruise-line operators and airlines. Treasury yields extended an advance, gold added to overnight losses and oil fluctuated.

Sentiment also was boosted after people familiar with the matter said Biden plans to nominate former Federal Reserve Chair Janet Yellen to be Treasury Secretary. Chinese shares were steady after a report that senior Trump administration

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Biden team pushing Democrats to strike quick stimulus deal with GOP: report

  • President-elect Joe Biden’s economic advisors fear another recession is looming, The New York Times reported.
  • The impasse over another stimulus package and the prospect of millions of people losing unemployment benefits are leading them to press congressional Democrats to pass another aid package very quickly, The Times said.
  • The surge in virus cases is causing another wave of restrictions and closures that experts say could deal a blow to the economic recovery.
  • Visit Business Insider’s homepage for more stories.

President-elect Joe Biden’s economic advisors are reportedly pressing congressional Democrats to quickly strike a stimulus deal with Republicans, fearing the US is on course for a recession as virus cases surge and a new aid package remains elusive.

The New York Times reported on Sunday that the Biden team was also increasingly worried about the prospect of millions of Americans losing unemployment benefits next month, along with the expiration of federal

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Biden to name Obama official as UN ambassador

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President-elect Biden responded to President Trump’s efforts to overturn the result of the election, “it’s just outrageous what he’s doing.”

USA TODAY

WASHINGTON – President-elect Joe Biden said Monday he will nominate Linda Thomas-Greenfield, who served as the top U.S. diplomat overseeing African affairs in the Obama administration, to be his ambassador to the United Nations.

Biden’s nomination of Thomas-Greenfield would elevate a Black woman and career foreign service official to the high-profile position. She would bring a markedly different tone and presence to the international body, which the Trump administration has derided and denigrated.

“My mother taught me to lead with the power of kindness and compassion to make the world a better place,” Thomas-Greenfield tweeted after Biden’s transition team announced her nomination. “I’ve carried that lesson with me throughout my career in Foreign Service – and, if confirmed, will do the same as Ambassador to the United

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Biden aides fill the void on TV while Trump remains off the air

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here.



Joe Biden wearing a suit and tie: WILMINGTON, DELAWARE - NOVEMBER 19: U.S. President-elect Joe Biden speaks as he addresses the media after a virtual meeting with the National Governors Association's executive committee at the Queen Theater on November 19, 2020 in Wilmington, Delaware. Mr. Biden and his advisors continue the process of transitioning to the White House. (Photo by Joe Raedle/Getty Images)


© Joe Raedle/Getty Images
WILMINGTON, DELAWARE – NOVEMBER 19: U.S. President-elect Joe Biden speaks as he addresses the media after a virtual meeting with the National Governors Association’s executive committee at the Queen Theater on November 19, 2020 in Wilmington, Delaware. Mr. Biden and his advisors continue the process of transitioning to the White House. (Photo by Joe Raedle/Getty Images)

While President Donald Trump is obstructing the transition of power, his administration is obstructing the free flow of information. From the White House to the Pentagon to the State Department, officials are dodging questions from the press corps. It is the ultimate show of weakness by Trump. And it is happening as he stares down defeat. In the words of the New York Times, this is “a moment of truth

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Biden to name long-time confidant Antony Blinken as secretary of state, reports say

WASHINGTON – President-elect Joe Biden will name Antony Blinken, a veteran foreign policy official and longtime confidant, as his secretary of state, according to the New York Times and Washington Post.Bloomberg 

Biden says transition will move on, despite Trump

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Blinken, who held top-level national security and State Department positions during the Obama administration, has worked side-by-side with Biden on foreign policy issues for nearly two decades.

Biden has called Blinken a “superstar” and once said he could do “any job.” By choosing Blinken for one of the most coveted jobs in the Cabinet, Biden is aiming to install an alter-ego at the helm of the State Department. 

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But the move may disappoint some who wanted Biden to nominate Susan Rice, another longtime foreign policy hand and a Black woman,

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Get Me Meacham! Biden Brings Back the Media’s Good Old Days

But what of the working reporters in the White House? Most of the writers in that group are generations younger than the 78-year-old Mr. Biden. They may not have read all of Mr. Meacham’s books. And the president-elect appears to have learned from his campaign that he can mostly ignore the news media and sneer at Twitter.

He also has the advantage that Mr. Trump has so raised the bar on presidential scandals and gaffes that even his loosest talk or most questionable hire may not scandalize. But Mr. Trump has also gotten us all used to an extraordinary, if inadvertent, level of transparency. He rarely resisted answering shouted, timely questions, and his leaky White House offered journalists and their audience an X-ray portrait of a government running off the rails. The internet, meanwhile, is noisier and even more polarized than when Mr. Biden and Mr. Obama left office

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