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President Donald Trump promised an array of executive orders on Day 1 of his return to the White House. The markets will be paying particular attention to President Trump's early actions on tariffs, though these may not be on his Day 1 agenda.
Jon Hilsenrath, founder of Serpa Pinto Advisory, joins Julie Hyman and Seana Smith to discuss how the delay in tariff implementation is a positive for stocks (^DJI, ^IXIC, ^GSPC) and leads to a softer dollar (DX=F, DX-Y.NYB).
"What he's doing today is he's kicking that can down the road," Hilsenrath says. "I think the markets are going to love the fact that we're not seeing him coming right out on tariffs."
Hilsenrath also notes that immigration policies could affect the labor market and inflation pressures, while the challenge of managing the deficit amid tax cuts remains a key concern.
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