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Trump Confirms Haley and Pompeo Will Not Join Second Administration

President-elect Donald Trump has announced that former U.N. Ambassador Nikki Haley and former Secretary of State Mike Pompeo will not be part of his administration in its second term. Trump expressed his appreciation for their past service but confirmed that they would not hold key positions in his upcoming administration. Haley, who served as South Carolina's governor before becoming the U.S. ambassador to the United Nations under Trump, has been a significant figure in the Republican Party. Despite once criticizing Trump during their 2016 primaries clash, she later endorsed him for his second bid for the presidency. Pompeo, who served as the CIA Director and later Secretary of State during Trump's first term, was another figure many speculated might return in a senior role. Trump's decision marks a shift in the dynamics within the GOP, as he prepares to form his team for the next four years. The absence of Haley and Pompeo in his second-term cabinet signals a move towards

Stock Markets Today: October 4, 2023 . How Wall Street bounced back from a slump


                                

Wall Street recovered some of its losses on Wednesday, thanks to easing bond yields and lower oil prices. The S&P 500 rose 0.8%, after hitting a four-month low on Tuesday. The Dow Jones Industrial Average gained 0.4%, while the Nasdaq composite outperformed with a 1.4% increase. Stocks have been under pressure from soaring Treasury yields, which make borrowing more expensive and reduce the appeal of stocks. The yield on the 10-year Treasury fell to 4.73% from 4.80% on Tuesday, following reports of weaker-than-expected hiring and slower growth in the services sector. These reports suggested that the U.S. economy may be cooling down, which could ease inflation fears and persuade the Federal Reserve to be more cautious with interest rate hikes. The Fed has already raised its main interest rate to the highest level since 2001, and signaled that it may keep it higher next year than previously anticipated.

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