Watch live: Trump to be sworn in as 47th president of U.S.

A general view shows the Oval Office as decorated for newly-inaugurated President Joe Biden at the White House in Washington, U.S. January 21, 2021.

Jonathan Ernst | Reuters

As Biden and Trump attend the swearing in at the Capitol, NBC News’ Peter Alexander reports that back at the White House, the Oval Office is being refurbished back to Trump’s preferences.

Alexander reports that Biden’s circular rug has been removed to make room for the rug Trump used in the Oval Office during his first term.

US President Joe Biden and First Lady Jill Biden greet President-elect Donald Trump and Melania Trump as they arrive at the White House in Washington, DC, on January 20, 2025, before departing for the US Capitol where Trump will be sworn in as the 47th US President. 

Win Mcnamee | Getty Images News | Getty Images

The navy and ivory ensemble worn by Melania Trump was designed for her by Adam Lippes.

The outfit includes a tailored navy silk wool coat, a navy silk wool pencil skirt, and an ivory silk crepe blouse.

“The tradition of the presidential inauguration embodies the beauty of American democracy and today we had the honor to dress our first lady, Mrs. Melania Trump,” Lippes said in a statement. “Mrs. Trump’s outfit was created by some of America’s finest craftsmen and I take great pride in showing such work to the world.”

– Dan Mangan

Vivek Ramaswamy arrives for the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on January 20, 2025. 

Saul Loeb | Afp | Getty Images

Vivek Ramaswamy is out as Elon Musk’s co-leader on the so-called Department of Government Efficiency, sources familiar with the matter told CNBC’s Eamon Javers and NBC News’ Henry Gomez.

Ramaswamy is preparing to launch a run for governor of Ohio and “it was impossible to do both at once,” one of the sources said.

The group known as DOGE was commissioned by Trump as an outside advisory group tasked with shrinking a bloated government bureaucracy and slashing purported waste.

— Kevin Breuninger

A cutout of President elect Donald Trump as traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) during the first session of the new year on January 2, 2025, in New York City. 

Timothy A. Clary | Afp | Getty Images

U.S. stock market futures rose on Monday as investors bet a series of immediate actions by the incoming president would boost the economy, especially in areas like the banking and energy sectors.

Dow Jones Industrial average futures gained 162 points, or 0.4%. S&P 500 futures added 0.4%. Nasdaq-100 futures rose 0.4%.

Traders were also likely encouraged by a report that Trump wouldn’t immediately install new tariffs on day one.

Regular trading on the New York Stock Exchange and Nasdaq was closed for the Martin Luther King Day holiday, but there was limited futures trading.

—John Melloy

Seats in Rotunda remain empty ahead of the Inauguration of U.S. President-elect Donald Trump at the U.S. Capitol on January 20, 2025 in Washington, DC. Donald Trump takes office for his second term as the 47th president of the United States. 

Andrew Harnik | Getty Images News | Getty Images

Trump’s inauguration guests have started filing in to the U.S. Capitol Rotunda.

Trump will have his oath-of-office ceremony indoors because of the brutal cold. As a result, the swearing–in event will have a much smaller crowd than a typical inauguration.

The last time the ceremony was held indoors was in 1985 for former President Ronald Reagan.

(L-R) Amazon founder Jeff Bezos, Google CEO Sundar Pichai, and Tesla and SpaceX CEO Elon Musk attend the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on January 20, 2025. 

Saul Loeb | Afp | Getty Images

President of Argentina Javier Milei (C) speaks with former Speaker of the House Kevin McCarthy (R) as they arrive to the inauguration of U.S. President-elect Donald Trump in the Rotunda of the U.S. Capitol on January 20, 2025 in Washington, DC. Donald Trump takes office for his second term as the 47th president of the United States. 

Chip Somodevilla | Getty Images

Miriam Adelson arrives for the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on January 20, 2025.

Saul Loeb | Afp | Getty Images

Vice President of China Han Zheng (L) and Former Executive Chairman of Fox Corp Rupert Murdoch (R) attend the inauguration of U.S. President-elect Donald Trump in the Rotunda of the U.S. Capitol on January 20, 2025 in Washington, DC. Donald Trump takes office for his second term as the 47th president of the United States. 

Chip Somodevilla | Getty Images

Meta and Facebook CEO Mark Zuckerberg (C) and his wife Priscilla Chan (L) arrive to the inauguration of U.S. President-elect Donald Trump in the Rotunda of the U.S. Capitol on January 20, 2025 in Washington, DC. Donald Trump takes office for his second term as the 47th president of the United States. 

Chip Somodevilla | Afp | Getty Images

(L-R) Former U.S. President Bill Clinton, former U.S. Secretary of State Hillary Clinton, former U.S. President George W. Bush and former first lady Laura Bush arrive to the inauguration of U.S. President-elect Donald Trump in the Rotunda of the U.S. Capitol on January 20, 2025 in Washington, DC. Donald Trump takes office for his second term as the 47th president of the United States. 

Chip Somodevilla | Getty Images News | Getty Images

(L-R) Eric Trump, Jared Kushner, Ivanka Trump and Donald Trump Jr. arrive to the inauguration of U.S. President-elect Donald Trump in the Rotunda of the U.S. Capitol on January 20, 2025 in Washington, DC. Donald Trump takes office for his second term as the 47th president of the United States.

Chip Somodevilla | Getty Images News | Getty Images

Gulf of Mexico 1690, Visscher, N. 

Picturenow | Universal Images Group | Getty Images

Trump will sign a Day One executive action to rename the Gulf of Mexico, ordering that it be called the “Gulf of America” on official maps and federal communications, his incoming press secretary confirmed.

Trump will also sign an order reverting the name of Alaska’s Mount Denali back to Mount McKinley, according to a New York Post article shared on X by incoming White House press secretary Karoline Leavitt.

The highest peak in North America, Denali was called Mount McKinley until 2015, when it was changed by then-President Barack Obama.

“President Trump is bringing common sense to government and renewing the pillars of American Civilization,” the orders will reportedly say.

— Kevin Breuninger

The Trans-Alaska Pipeline in Fairbanks, Alaska, US, on Tuesday, Sept. 17, 2024. 

Stefani Reynolds | Bloomberg | Getty Images

Trump will declare a national energy emergency today, incoming White House official told reporters.

The national energy emergency “will unlock a variety of different authorities” to produce more natural resources, the official said, without providing specifics on which authorities Trump will use. The president-elect has promised to slash energy costs in half within the first year of his administration.

Trump is also set to sign an executive order specifically to increase energy production in Alaska, the official said, without providing specifics.

“Alaska is so key for our national security, given its geostrategic location, and it’s a crucial place from which we could export LNG not only to other parts of the United States, but to our friends and allies in the Asia Pacific region,” the official said.

— Spencer Kimball

— NBC News’ Peter Alexander

US President-elect Donald Trump speaks at a MAGA victory rally at Capital One Arena in Washington, DC on January 19, 2025, one day ahead of his inauguration ceremony. 

Jim Watson | Afp | Getty Images

Trump won’t impose tariffs on U.S. trading partners as soon as he’s sworn in, according to the Wall Street Journal.

Trump is set to issue a broad trade memorandum tpday that directs federal agencies to study and assess unfair trade practices and currency policies with other nations, especially China, Canada and Mexico.

However, the memo stops short of slapping any new duties on the countries, according to the Journal, which reviewed a summary of the memo and spoke to Trump’s advisers.

— Yun Li

(L-R) First lady Jill Biden and U.S. President Joe Biden welcome U.S. President-elect Donald Trump and Melania Trump to the White House ahead of inauguration ceremonies on January 20, 2025 in Washington, DC. Donald Trump takes office for his second term as the 47th president of the United States. 

Win Mcnamee | Getty Images News | Getty Images

Trump lashed out at Biden for issuing a final spate of preemptive pardons for various figures who have become political targets of Trump and his supporters.

“It is disgraceful. Many are guilty of MAJOR CRIMES! DJT,” Trump told NBC News’ Kristen Welker in a text message.

Biden issued pardons for Dr. Anthony Fauci and Gen. Mark Milley, as well as members of Congress and staffers who investigated the Jan. 6 Capitol riot. He is also pardoning the police officers who worked with the House Jan. 6 committee.

— Kevin Breuninger

Meta and Facebook CEO Mark Zuckerberg (L) CEO of Apple Tim Cook, Founder of Amazon and Blue Origin Jeff Bezos attend services as part of Inauguration ceremonies at St. John’s Church on January 20, 2025 in Washington, DC. Donald Trump takes office for his second term as the 47th president of the United States.

Anna Moneymaker | Getty Images

Trump’s attendance at St. John’s Episcopal Church drew some of the biggest names in tech and media, including some who appear to be actively courting his favor.

The list includes Meta CEO Mark Zuckerberg, Amazon founder Jeff Bezos, Apple CEO Tim Cook and former News Corp. Chairman Rupert Murdoch.

Influential podcaster Joe Rogan was also spotted in the pews.

Former Executive Chairman of Fox Corp Rupert Murdoch (L) attends services at St. John’s Church on January 20, 2025 in Washington, DC. Donald Trump takes office for his second term as the 47th president of the United States. 

Anna Moneymaker | Getty Images

U.S. President-elect Donald Trump’s Cabinet nominees and Vivek Ramaswamy pose for a picture during the vice president’s dinner ahead of the inauguration of Trump, in Washington, U.S., January 18, 2025. 

Kevin Mohatt | Reuters

Trump will order the end to diversity, equity and inclusion measures in the federal government, an administration official told reporters on a Monday morning call.

President Biden had made expanding diversity among government workers a priority.

The Trump official also said that the private industry should stay tuned for more actions that could impact their diversity efforts, as well.

— Annie Nova

Biden and first lady Jill Biden shared a parting photo fit for the social media age: a selfie outside the White House.

“One more selfie for the road,” Biden wrote in the X post with the photo.

“We love you, America.”

— Kevin Breuninger

U.S. President-elect Donald Trump attends a service at St. John’s Church on the inauguration day of his second Presidential term in Washington, U.S. January 20, 2025. 

Carlos Barria | Reuters

Trump is gearing up to crack down on immigration through a suite of Day One executive orders that aim to end birthright citizenship, designate drug cartels as terrorists and send troops to the border, incoming White House officials said.

Trump will declare a national emergency at the border, a move that will deploy armed forces and spur more border-wall construction, the officials said.

Trump will also sign orders declaring an end to so-called catch-and-release practices and reinstating the “Remain in Mexico” policy, which required asylum seekers to wait in Mexico pending their immigration court dates.

The order on birthright citizenship will interpret the Constitution’s 14th Amendment to “clarify that on a prospective basis, the federal government will not recognize automatic birthright citizenship for children of illegal aliens born in the United States,” an official said.

Another order will direct the U.S. attorney general and encourage state AGs to seek the death penalty for “capital crimes committed by illegal aliens,” the official said.

— Kevin Breuninger

Melania Trump and U.S. President-elect Donald Trump arrive for services at St. John’s Church as part of Inauguration ceremonies on January 20, 2025 in Washington, DC. Donald Trump takes office for his second term as the 47th president of the United States. 

Scott Olson | Getty Images News | Getty Images

Trump and incoming first lady Melania Trump arrived at St. John’s Episcopal Church in Lafayette Square for a church service.

Vice President-elect JD Vance and his wife Usha are also attending.

After the service, Trump and Melania are scheduled to have tea at the White House with Biden and first lady Jill Biden.

US President-elect Donald Trump, center, and former First Lady Melania Trump arrive for mass at St. Johns Church ahead of the 60th presidential inauguration in Washington, DC, US, on Monday, Jan. 20, 2025. 

Tierney L. Cross | Bloomberg | Getty Images

Usha Vance and Vice President-elect, U.S. Sen. J.D. Vance (R-OH) arrive for service at St. John’s Church as part of Inauguration ceremonies on January 20, 2025 in Washington, DC. Donald Trump takes office for his second term as the 47th president of the United States. 

Scott Olson | Getty Images

U.S. President-elect Donald Trump greets U.S. Vice President-elect JD Vance as they attend a service at St. John’s Church on the inauguration day of his second Presidential term in Washington, U.S. January 20, 2025. 

Carlos Barria | Reuters

The dome of the Capitol is seen through a security fence on a day where a potential government shutdown looms during the holidays after a spending bill backed by Donald Trump failed in the U.S. House of Representatives, on Capitol Hill in Washington, U.S., December 20, 2024. 

Kevin Lamarque | Reuters

Trump has repeatedly signaled that he plans to sign an executive order today to strip protections for potentially thousands of federal workers.

By reinstating the order Trump issued in his first term, known as Schedule F, it could be easier for the new administration to fire many government workers. That’s because the new category of federal workers won’t have the same rights as career civil servants, including an immunity from random termination.

The executive order is seen by Trump officials as one step toward the president’s plan to dismantle what Trump calls the “deep state” and federal bureaucracy.

It could also allow the president to install workers who promise to carry out his agenda.

— Annie Nova

U.S. President-elect Donald Trump and Bitcoin.

Cheney Orr | Dado Ruvic | Reuters

Bitcoin hit a new all-time high overnight after the Trumps each launched their own meme coins in the past few days.

As of 8:15 a.m. ET, the flagship cryptocurrency was up nearly 1% at $106,522.98, according to Coin Metrics. 

Trump launched the “Official Trump” meme coin Friday, which has risen to a $10.6 billion market cap and surged more than 659%, according to data from CoinGecko and Coinbase. 

Melania Meme has hit a $1.3 billion market cap and 14% price increase since its launch Sunday night. It has attracted $7.3 billion in trading volumes over the last day, compared to the Trump meme’s $31 billion.

— Tanaya Macheel

US President Joe Biden delivers remarks at a Department of Defense Commander in Chief Farewell Ceremony at Joint Base Myers-Henderson Hall in Arlington, Virginia, on Jan. 16, 2025. 

Roberto Schmidt | AFP | Getty Images

On his final morning in office, President Joe Biden issued preemptive pardons to General Mark Milley, Dr. Anthony S. Fauci, the members of Congress and staff of the J6 committee, and officers who testified before them.

“These public servants have served our nation with honor and distinction and do not deserve to be the targets of unjustified and politically motivated prosecutions,” Biden said in a statement.

(COMBO) This combination of file pictures created on December 5, 2024 shows (L-R) US Chairman of the Joint Chiefs of Staff Mark Milley on April 21, 2023; US Representative Adam Schiff on January 15, 2020; Dr. Anthony Fauci on December 9, 2022 and US Representative Liz Cheney (R) on August 16, 2022. US President Joe Biden is considering preemptive pardons for several prominent names facing possible retribution from the incoming Trump administration, US media has reported. Among those being considered for the historic pardons are Fauci, Cheney, Milley and Schiff.

Getty Images

“These are exceptional circumstances, and I cannot in good conscience do nothing. Baseless and politically motivated investigations wreak havoc on the lives, safety, and financial security of targeted individuals and their families,” said Biden.

“That is why I am exercising my authority under the Constitution to pardon General Mark A. Milley, Dr. Anthony S. Fauci, the Members of Congress and staff who served on the Select Committee, and the U.S. Capitol and D.C. Metropolitan police officers who testified before the Select Committee.”

— Christina Wilkie

U.S. President-elect Donald Trump at a viewing of the launch of the sixth test flight of the SpaceX Starship rocket on Nov. 19, 2024, in Brownsville, Texas.

Brandon Bell | Getty Images News | Getty Images

Trump’s inaugural address will feature a memorable line calling for a “revolution of common sense,” reports Kristen Welker, host of NBC News’ “Meet the Press.”

“I return to the presidency confident and optimistic that we are at the start of a thrilling new era of national success. A tide of change is sweeping the country,” Trump will say, according to an incoming White House official.

“Today, I will sign a series of historic executive orders. With these actions, we will begin the complete restoration of America and the revolution of common sense,” Trump will tell the audience assembled in the rotunda.

“My message to Americans today is that it is time for us to once again act with courage, vigor, and the vitality of history’s greatest civilization,” the incoming president will say.

— Christina Wilkie and NBC News’ Kristen Welker

Elon Musk (L), Ivanka Trump (2L) and Jeff Bezos (R) talk before US President-elect Donald Trump speaks at a candlelight dinner at the National Building Museum in Washington, DC, on January 19, 2025, a day before his inauguration ceremony. 

Jim Watson | Afp | Getty Images

Trump and incoming first lady Melania Trump were out on the town last night until late, attending a black-tie “candlelight dinner” at the National Building Museum with the who’s who of Washington’s new Trump establishment.

Guests included Musk, Amazon founder Jeff Bezos and his fiancee Lauren Sanchez, philanthropist and Trump mega-donor Miriam Adelson, incoming Middle East envoy Steve Witkoff, Donald Trump, Jr. and his girlfriend Bettina Anderson, Eric Trump and his wife Lara Trump, and Ivanka Trump and husband Jared Kushner.

Vice President-elect JD Vance and incoming second lady Usha Vance were also there, along with House Speaker Mike Johnson, R-La., and Trump HHS pick Robert F. Kennedy, Jr.

Melania Trump watches her husband, US President-elect Donald Trump, speak at a candlelight dinner at the National Building Museum in Washington, DC, on January 19, 2025, a day before his inauguration ceremony. 

Jim Watson | Afp | Getty Images

The incoming president arrived at the museum around 9 p.m. ET, and left shortly after 11:30 p.m. He delivered brief remarks and thanked supporters. Save for the few minutes of Trump’s remarks, the dinner was closed to press.

— Christina Wilkie

Tesla CEO Elon Musk, Co-Chair of the newly announced Department of Government Efficiency (DOGE), arrives on Capitol Hill on December 05, 2024 in Washington, DC. 

Anna Moneymaker | Getty Images

Elon Musk met with China’s vice president, Han Zheng, who is in town for the Trump inauguration.

According to a statement from the Ministry of Foreign Affairs in Beijing, Han “welcomed Tesla and other U.S. companies to seize opportunities and share the fruits of China’s development.”

In turn, Musk expressed “Tesla’s willingness to deepen its investment and cooperation in China and to play an active role in promoting China-U.S. economic and trade exchanges,” said the ministry.

Tesla’s largest single assembly plant is in Shanghai, and the company is a fierce competitor in China’s EV market.

Han also met with Vance and with U.S.- China business groups.

— Christina Wilkie

U.S. President-elect Donald Trump speaks during a rally the day before he is scheduled to be inaugurated for a second term, in Washington, U.S., January 19, 2025. 

Carlos Barria | Reuters

Trump will deliver his second inaugural address immediately after he is sworn in today around noon. The theme of the speech will be “unity,” Trump told Kristen Welker, host of NBC News’ “Meet the Press.”

“It’s going to be a message of unity,” said Trump. “We’re going to be talking about unity, and we’re going to be talking about success, making our country safe,” he said. “Basically it’s going to be about bringing our country together.”

“And no ‘American carnage’?” asked Welker, quoting the most memorable line of Trump’s first inaugural address.

“No American carnage, no,” Trump replied.  

— Christina Wilkie

The Rotunda is prepared for the inauguration of U.S. president-elect Donald Trump in the U.S. Capitol in Washington, U.S., January 18, 2025. 

Kevin Lamarque | Reuters

The Trump Vance inaugural committee has provided a sequence of events for today.

Much of the timing is fluid, but we know that Trump will assume the presidency at precisely 12:00 p.m. ET, and that his oath of office will be administered right before that.

Below is the committee schedule, modified slightly to add an event at the Capital One Arena in place of the traditional outdoor parade.

Monday, January 20, 2025 

– St. John’s Church Service 

– Tea at the White House 

– Swearing-In Ceremony: US Capitol

– Farewell to the Former President and Vice President  

– US Capitol Departure Ceremony 

– The President’s Signing Room Ceremony 

– JCCIC Congressional Luncheon  

– Event at Capital One Arena [added to schedule]

– Oval Office Signing Ceremony at The White House  

– Commander in Chief Ball: President Donald J. Trump Delivers Remarks 

– Liberty Inaugural Ball: President Donald J. Trump Delivers Remarks 

– Starlight Ball: President Donald J. Trump Delivers Remarks 

— Christina Wilkie