Analysis: Ross Greenwood examines stock markets after Trump election victory

Sky News Business Editor Ross Greenwood reports Donald Trump's and Elon Musk's wealth “jumped” overnight. The stock market greeted Donald Trump’s presidency with record prices and an increase in his wealth. “His Trump media and technology business … it’s risen … Donald Trump’s own personal wealth is up around $US100 million,” Mr Greenwood said. “The biggest winner of all … Elon Musk. “Tesla shares have jumped by some 15 per cent on the stock market … Elon Musk’s own personal wealth … is up by $US15.4 billion. Mr Greenwood continued, breaking down Trump’s tariff proposal and the potential ramifications for consumers. “Interest rates have risen, and the expectation is because if you suddenly raise these tariffs, you raise the price of goods in America, you increase inflation, so you don’t get the big interest rate cuts that many Americans right now are riding on,” he concluded.