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5 things to understand prior to the stock exchange opens Wednesday

1. Dow takes goal at new records

( L-R) Douglas Emhoff, U.S. Vice President-elect Kamala Harris, Dr. Jill Biden and U.S. President-elect Joe Biden look down the National Shopping center as lamps are lit to honor the almost 400,000 American victims of the coronavirus pandemic at the Lincoln Memorial Showing Swimming Pool January 19, 2021 in Washington, DC. Chip Somodevilla|Getty Images

2. Biden’s inauguration unfolds in unprecedented times

A basic view of preparations prior a gown rehearsal for U.S. President-elect Joe Biden’s Governmental Inauguration at the U.S. Capitol, in Washington, U.S., January 18, 2021. Patrick Semansky|Reuters

Biden takes the oath of office at twelve noon ET, taking the helm of a deeply divided nation and acquiring a confluence of crises. Biden’s inauguration unfolds lacking crowds due to the pandemic and heightened security at the Capitol, where fans of outbound President Donald Trump laid siege to the seat of the U.S. legislative branch of government exactly two weeks previously. Following the event, Biden prepares to sign more than a lots executive orders to resolve a litany of obstacles. The very first will require Covid masks and physical distancing in all federal buildings, on all federal lands and by federal staff members and professionals. A number of Biden’s orders will reverse those released by Trump, consisting of the so-called Muslim travel ban and the construction of a southern border wall.

3. Democrats to take control of the Senate

Democratic candidates for Senate Jon Ossoff (L) and Raphael Warnock (R) bump elbows on stage during a rally with United States President-elect Joe Biden outside Center Parc Stadium in Atlanta, Georgia, on January 4, 2021. Jim Watson|AFP|Getty Images

Shortly after Biden’s inauguration, Democrats Raphael Warnock and Jon Ossoff will be sworn in as U.S. senators from Georgia, giving their celebration control of the upper chamber of Congress in a 50-50 split with future Vice President Kamala Harris as the tie-breaking vote. One day before stepping aside as Senate bulk leader, Republican Mitch McConnell on Tuesday explicitly blamed Trump for the Capitol attack, stating the mob was “fed lies” and the outgoing president and others “provoked” those intent on reversing Biden’s election. Trump’s impeachment trial in the Senate for inciting insurrection will unfold after he leaves office.

4. Trump issues dozens of pardons, including for Bannon

President Donald J. Trump stops to talk with press reporters as he strolls to board Marine One and depart from the South Yard at the White Home. The Washington Post|The Washington Post|Getty Images

Trump provided 73 pardons on his last night in the White Home, including one for his 2016 campaign chief and previous White Home senior advisor, Steve Bannon, who was implicated of defrauding donors. Trump likewise pardoned Anthony Levandowski, the previous Google engineer sentenced to jail for stealing trade secrets relating to driverless cars and trucks from the search giant. Shunning tradition, Trump will not be going to Biden’s inauguration. He prepares to depart Washington in the morning. Trump on Tuesday night launched a goodbye address video, touting his record on the economy and diplomacy, while glossing over the Capitol riot and declining to discuss Biden by name.

5. Biden technique to Covid to be more central

A worker installs a U.S. flag for screen at the National Shopping mall, as part of a memorial paying tribute to the U.S. people who have passed away from the coronavirus illness (COVID-19), near the Capitol ahead of President-elect Joe Biden’s inauguration, in Washington, U.S., January 18, 2021. Carlos Barria|Reuters

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