Musk-Epstein war of words at Mar-a-Lago dinner… New-old power personnel clash

by times news cr

Former Fox member Duffy‍ becomes Minister of ‍Transportation
Nomination of person supported by Musk failed
Market fluctuations due ​to Trump-Musk actions
Cryptocurrency​ exchange – Tesla stock price rises

Transportation‌ Secretary nominee takes ‍commemorative photo with Trump and his wife at ​the White ⁣House Christmas event held at the ⁣White House in Washington, USA⁤ in 2019. U.S. President-elect Donald Trump, former Congressman Sean⁢ Duffy, former Congressman‍ Duffy’s wife ‌Rachel, and Trump’s⁢ wife⁤ Melania Trump ⁢(clockwise​ from the middle of the ⁤back⁤ row)‌ are smiling‍ together. Photo source: Duffy’s Instagram

While ⁢U.S. ⁣President-elect Donald Trump is announcing appointments for‌ the second Trump administration every day, he​ nominated former Congressman Sean Duffy (53)‍ as the next Secretary of ​Transportation. He worked as a host on Fox Business until⁣ recently, and became the second Fox host-turned-minister to be nominated, following Pete Hegseth, who was ⁤nominated as Secretary of Defense. In ‍addition, the Wall Street Journal (WSJ) said, “President-elect Trump will meet​ with Brian Armstrong, CEO of the virtual currency exchange platform‍ ‘Coinbase,’” and “the‌ two will consider the ⁣head of the Bitcoin and virtual currency ‌presidential advisory committee.”‍ “It was reported.

Meanwhile, the actions of President-elect Trump and Tesla ⁢CEO Elon Musk, ⁢who has recently​ been ‍referred to as the ⁢so-called ‘co-president’, are ⁤causing a big stir in ⁤the⁤ market. However, there is also an analysis that the conflict between President-elect Trump’s ‍associates⁣ is intensifying as the transportation secretary candidate whom ⁢Musk publicly supported was ​defeated ‌by former‌ lawmaker Duffy.

● ⁢Another Fox nomination… Is it beneficial for Musk?

⁣According to the New York Times ⁣(NYT), former Congressman Duffy, who ⁣was nominated‍ as Transportation Secretary on this⁣ day,⁣ is‍ a ‍former broadcaster, but is evaluated as having ‍comparatively better work capabilities compared to ‍other nominees. A ​former district attorney in ⁤Wisconsin, he reportedly served ⁤as a Republican federal representative ​in ‌Wisconsin from 2011 ‍to ⁤2019 before resigning to​ take care of his ​daughter with a congenital disease.‌ Since‌ 2020, ⁣he has been‌ working​ as⁤ a political ‍analyst at​ Fox News and as a⁣ co-host⁢ of the ​Fox Business ‍TV show ‘The Bottom Line’ since ⁢last year. He‍ has nine children with his ⁣spouse,⁣ who is also‍ a Fox News host.

“Sean‌ understands how important it‌ is for families⁤ to ⁢travel safely and securely,” President-elect Trump said⁤ in⁢ a statement.⁢ “He has the experience needed to⁣ lead⁤ the Department of Transportation’s‍ annual budget‌ of more than $100 billion and ⁤its vast workforce. “He commented. ⁢

Locally, attention is being paid to the fact⁢ that the fields that former lawmaker Duffy will ​oversee, such as aviation, automobiles, and‌ railroads, have close interests at stake ​with the businesses of Musk, ⁣who became President-elect Trump’s closest confidant after ‍the presidential election.

However, Musk initially publicly supported‍ Emil​ Michael, a ⁣former executive of ride-sharing service ⁢Uber, as‍ transportation secretary. Some analysts ⁢say‌ that the recent controversy over Musk’s⁣ “exceeding authority” ​may have had ‌an impact on the transportation minister’s appointment.

⁤ Axios, a U.S. political media outlet, reported, “Conflicts have emerged between Musk ⁣and former legal advisor Boris Epstein, a long-time advisor to President-elect Trump, over the⁤ selection of Attorney General nominee Matt Gates.” According to Axios, on the 13th, at a⁤ dinner party at the Mar-a-Lago‍ Resort, the couple’s residence in Florida, ⁣the two got ⁤into a big argument ⁢over recent appointments and responsibility for leaking related‌ information to the media. Former ⁣advisor Epstein is a close associate ⁢who has been by⁢ President-elect Trump’s side since his first presidential bid in⁤ 2016. Accordingly, there is an analysis that there​ appears to be a ‘secret power struggle’ taking place ⁣between Musk, who ⁢has recently ‍emerged as a⁢ rising ⁤power, ⁤and former Epstein advisor, who is ‌trying​ to maintain his influence.

● Market fluctuations ​in real time ‌due to Trump-Musk actions

Separately from this, the big and small actions ​of⁢ President-elect Trump and Musk are having a significant impact on the market every day. The British Financial Times (FT) reported, “Trump Media, ⁤of which President-elect Trump is the majority shareholder, is‍ considering acquiring the virtual ⁢currency exchange Bakkt.” After the report, Bakkt’s ‍stock price jumped 162.5%, and Trump Media also rose 16.7%.

Tesla’s stock price continues to show good news. Citing a source, ‍Bloomberg News reported that‍ “President-elect⁤ Trump’s transition‍ team will pursue reform‌ of ‍regulations ⁢on⁣ fully autonomous vehicles ‌as a top ⁢priority for the Department of Transportation.” Accordingly,⁢ Tesla’s stock price, which is developing self-driving taxis, rose 5.6%.⁣ On the other hand, Uber⁣ and Lyft fell 5.4%⁣ and 4.5%, ‌respectively, reflecting concerns that their ⁤marketability ​will fall behind Tesla’s self-driving taxis.

New York = Correspondent Lim Woo-sun‍ [email protected]

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How might Sean Duffy’s⁤ nomination ⁤impact​ the relationship between Trump and Elon Musk?

The article discusses⁢ the nomination of former ⁤Congressman Sean Duffy as Transportation Secretary in President-elect Trump’s upcoming administration. Duffy is highlighted for his experience as ⁤a Republican federal representative from Wisconsin from 2011 to 2019 and his background as a former district attorney. He resigned from Congress to care for his daughter who has a congenital disease and has since worked as a⁣ political analyst at Fox News.

President-elect Trump emphasized Duffy’s understanding of the importance ⁢of safe family travel and his⁤ capability to ⁢manage the⁢ Department of Transportation’s ⁣substantial budget and workforce.⁤ The article notes that Duffy will have ​oversight over critical sectors like aviation, automobiles,⁣ and ⁢railroads, which intersect with businesses associated with Elon Musk, a close advisor to ⁤Trump.

Despite Musk’s earlier support for Emil Michael, a⁤ former Uber executive, analysts suggest that recent controversies surrounding Musk may have ⁤influenced Duffy’s appointment. There seems to be a power⁢ struggle between Musk and Trump advisor Boris Epstein over key nominations, indicating internal conflicts within Trump’s team.

The article also touches on market reactions linked to Trump ⁣and Musk’s decisions, highlighting significant stock⁤ price movements for companies like Bakkt and‍ Tesla, with Tesla benefiting from anticipated regulatory reforms on autonomous vehicles. In contrast, competitors like ‌Uber and Lyft faced​ declines in their​ stock prices.

the piece captures the⁤ dynamics of the nomination process, ‌the interplay of political influences, and the broader economic implications tied to ⁤Trump and Musk’s actions.

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