Trump's AI Genesis Mission, Pick for Next Fed Chair Gooses Wall Street Stocks Higher

Ok, hardly anybody paid much attention to Monday's launch of the "Genesis Mission" via an executive order by President Trump, except, um, Wall Street, apparently already in holiday trading mode.

President Trump's latest "mission" is all about the AI "race" against China, seeking to combine America's scientific knowledge into one, massive database, promoted by White House tech czar Michael Kratsios, who graduated from Princeton University with a B.A. in politics and a certificate in Hellenic studies in 2008, making him uniquely unqualified in technology, but that's OK since prior to joining the Trump administration as deputy assistant to the president, Kratsios was a principal at Thiel Capital and served as chief of staff to entrepreneur and venture capitalist Peter Thiel.

OK, the Peter Thiel connection led to Kratsios recently marrying a woman who was Public Policy Manager for Google UK and is now associated with Coinbase.

This new AI and Energy grift that is being managed by Trump, for those "behind the curtain" is already HUGE. Americans will pay for all of it and the tech oligarchs will get the profits along with all the infrastructure and info-tech built with American tax dollars.

According to this article from Venture Beat:

What the administration has not provided is just as striking: no public cost estimate, no explicit appropriation, and no breakdown of who will pay for what. Major news outlets including Reuters, Associated Press, Politico, and others have all noted that the order “does not specify new spending or a budget request,” or that funding will depend on future appropriations and previously passed legislation.

President Trump has unleashed the “Genesis Mission,” a Manhattan Project-scale AI blitz designed to cement U.S. technological dominance. Signed via an executive order Monday, the plan marshals the country’s largest federal data stores, supercomputers, and 40,000 elite scientists to accelerate breakthroughs in energy, health, and national security—while leaving global competitors in the dust. White House tech czar Michael Kratsios and Energy Secretary Chris Wright hailed it as America’s “Apollo-moment moonshot,” with Wright invoking wartime triumphs and likening the mission to the Manhattan Project that helped end WWII.

The executive order frames AI as the latest frontier for scientific discovery and economic growth, demanding a historic national effort to accelerate research and innovation. The Genesis Mission will create an integrated AI platform leveraging decades of federal scientific datasets to train foundation models, build AI research agents, automate workflows, and test new hypotheses at unprecedented speed.

It pulls together the full spectrum of American innovation: DOE national labs, pioneering private companies, world-renowned universities, production plants, and national security sites. The initiative promises to harness advances in high-performance computing and semiconductors, driving faster scientific discovery, enhanced productivity, energy security, and stronger national defense—all while delivering maximum taxpayer ROI.

Kratsios emphasized the scale of the effort, calling it “the largest marshaling of the federal government scientific apparatus since the Apollo Project,” and framing it as a historic surge in U.S. power. Trump’s Genesis blitz, combining federal resources with private-sector know-how, seeks to eclipse China’s AI advances, weaponize federal data lakes for breakthroughs, and secure unchallenged global dominance in science and technology.

For Americans watching the chaos online, the Genesis Mission is both awe-inspiring and terrifying—a full-throttle, no-holds-barred sprint into an AI-fueled future where the U.S. refuses to play catch-up, turning panic-scrolling doom into a spectator sport.

Fabulous.

Stocks powered ahead on Tuesday, and look to add to gains again on Wednesday, and, after the Thanksgiving break, again on the half-session Friday. Wall Street is not waiting for any results from AI or anywhere else, satisfied that more than a trillion dollars in AI investment will lead ot massive profits. At least that's the current understanding, along with the Fed making money easier by cutting the federal funds rate by another 25 basis points at the December 9-10 FOMC meeting.

Traders are also jazzed about the prospects for Trump's pick to be the next Fed Chairman, ostensibly to cut interest rates even further. The leading candidate is the dovish Kevin Hassert.

While monetary and fiscal policies go into inflation overdrive, stocks will benefit, but gold and silver may skyrocket.

With US markets set to open within minutes, stock futures are higher across the board, along with gold and silver.

Away we go!

At the Close, Tuesday, November 25, 2025:
Dow: 47,112.45, +664.15 (+1.43%)
NASDAQ: 23,025.59, +153.59 (+0.67%)
S&P 500: 6,765.88, +60.76 (+0.91%)
NYSE Composite: 21,551.73, +280.13 (+1.32%)