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Nov 21, 2024, 10:09 AM UTC

Musk Reveals His Plans As Trump's 'Efficiency' Czar

Newsletter Nov 21, 2024 Quick Six Musk discusses his plans as Trump's new 'efficiency' czar Elon Musk outlined plans Wednesday for his role as "efficiency" czar -- signaling an

Newsletter Nov 21, 2024

Quick Six

Musk discusses his plans as Trump's new 'efficiency' czar
Elon Musk outlined plans Wednesday for his role as "efficiency" czar -- signaling an assault on federal spending and staffing that would be backed by President-elect Donald Trump's executive powers and a conservative Supreme Court. Writing in the Wall Street Journal, the world's richest man said he was taking aim at hundreds of billions of dollars in government spending -- including funding for public broadcasting and international aid -- as well as at bureaucracy that represents an "existential threat" democracy.
WHAT MUSK SAID ABOUT SHARING JOB WITH RAMASWAMY

Nvidia delivers massive revenue boost powered by AI chips
US chipmaking behemoth Nvidia said Wednesday it made a $19 billion profit on record high revenue last quarter as demand continued for its hardware to power artificial intelligence. Nvidia reported quarterly sales of $35.1 billion, some $2 billion more than market expectations. CEO Jensen Huang said that Nvidia's keenly anticipated Blackwell processing platform is in full production and the company is seeing "incredible demand" for the new offering along with current-generation Hopper processors.
SEE HOW AI IS TRANSFORMING THE MICROCHIP INDUSTRY

Fed member issues dire warning about future of inflation
A member of the Board of Governors of the Federal Reserve System warned that inflation progress appears to have slowed and could put expected interest rate cuts in jeopardy. Michelle W. Bowman made the statement on Wednesday morning meeting, where she dissented on the size of the September rate cut and continues to worry about the risks of cutting too much too quickly.
SEE WHY BOWMAN BELIEVES INFLATION IS STILL AN ISSUE

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* As of market close

GOP votes to withhold Gaetz ethics report

All five Republicans on the House Ethics Committee voted to withhold publicizing its long-running report from a years-long investigation into a slew of allegations, including sexual misconduct, illicit drug use, and accepting improper gifts, against former Rep. Matt Gaetz. However, the committee will finish its investigation before reconvening in December. Gaetz has been under scrutiny since President-elect Donald Trump appointed him attorney general, a decision that has drawn ire on both sides of the aisle while Trump pressures the Senate to confirm his pick.

WHY THE VOTE TOOK MULTIPLE ROUNDS TO PROTECT GAETZ

Dems OK judges during Trump launch trip

President-elect Donald Trump is furious after Senate Republicans, distracted by a SpaceX trip with key members of their caucus, missed crucial votes that allowed Democrats to confirm more of President Joe Biden's judicial nominees. As Biden's presidency winds down, Dems are racing to confirm judicial nominees before Republicans take control of the Senate in January. Historically, judicial confirmations have proven to be a top priority for both parties, with Trump appointing 234 federal judges and three Supreme Court justices during his first term.

SEE WHICH SENATORS ARE TAKING HEAT FOR MISSING VOTES

Russia gives 75 animals to North Korea zoo

Russian President Vladimir Putin found a unique way to thank North Korean leader Kim Jung Un for sending thousands of troops to fight Ukraine -- by sending dozens of exotic animals to Pyongyang. Russia airlifted 75 animals from the Moscow Zoo to the Pyongyang Zoo, including a lion, bears, yaks, and a variety of bird species. The gifts reflect a growing level of cooperation between the two outlaw nations.

WATCH VIDEO OF THE ANIMALS SCRATCHING AT THEIR CAGES

Extra point

What are the only two states in the U.S. that do not contain a zoo?

Wednesday's answer: The first time the number of air travelers in the United States surpassed the number of train passengers was 1955.

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