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Richard Drew/AP

So far stock markets have cheered the Trump Administration, but that may come to an end Monday, following controversy over President Trump's ban of refugees from seven Muslim-majority nations.

David Kotok, chairman and chief investment officer of Cumberland Advisors, told Reuters late Saturday:

"I don't see how markets could look on this favorably. International tensions are raised. Obstacles to peaceful exchanges are abruptly announced. And litigation commences."

He argued that the run up in stock prices since election day means means that for "current market prices to be justified, the Trump agenda must unfold perfectly," referring to profit-boosting deregulation and tax cut initiatives.

Go deeper

Dave Lawler, author of World
28 mins ago - World

Venezuela's predictable elections herald an uncertain future

The watchful eyes of Hugo Chávez on an election poster in Caracas. Photo: Cristian Hernandez/AFP via Getty

Venezuelans will go to the polls on Sunday, Nicolás Maduro will complete his takeover of the last opposition-held body, and much of the world will refuse to recognize the results.

The big picture: The U.S. and dozens of other countries have backed an opposition boycott of the National Assembly elections on the grounds that — given Maduro's tactics (like tying jobs and welfare benefits to voting), track record, and control of the National Electoral Council — they will be neither free nor fair.

Biden plans to ask public to wear masks for first 100 days in office

Joe Biden. Photo: Mark Makela/Gettu Images

President-elect Joe Biden told CNN on Thursday that he plans to ask the American public to wear face masks for the first 100 days of his presidency.

The big picture: Biden also stated he has asked NIAID director Anthony Fauci to stay on in his current role, serve as a chief medical adviser and be part of his COVID-19 response team when he takes office early next year.