President-elect Trump appoints Matt Gaetz as Attorney General

Squawk Box Europe Express

President-elect Donald Trump makes a shocking pick for Attorney General, tapping controversial Florida Representative Matt Gaetz for the role. This as NBC News projects Republicans will maintain control of the House in a ‘red sweep’. Meanwhile the Trump trade eases as fresh U.S. inflation data that supports expectations for a December Fed cut. Hedge fund billionaire David Einhorn warns of further price pressure volatility at CNBC’s Delivering Alpha Investor summit. But the crypto rally gathers pace, with Bitcoin briefly topping $93,000 for the first time, and the Dogecoin doubled its price following Trump’s election victory. In Germany, expert advisors to Chancellor Olaf Scholz cut their growth forecast for next year, delivering another blow to the beleaguer economy as political parties shift into campaign mode ahead of the February elections.

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