Chinese President Xi Jinping and President-elect Donald Trump had a phone conversation ahead of the inauguration on Sunday, according to China's Foreign Ministry. Xi expressed willingness to work with the new administration and continue developing a strong relationship between the two countries.

In a bid to improve relations with the incoming administration, Xi also sent a top deputy to attend the inauguration ceremony in Washington D.C. This move is seen as a gesture of goodwill and a step towards building a positive rapport with the new U.S. leadership.

Meanwhile, Washington D.C. residents are preparing for the influx of visitors and heightened security measures ahead of the inauguration. Commemorative Trump transit cards have been released by the DC Metro to commemorate the event.

As the world watches the transition of power in the United States, financial markets are also showing signs of activity. XRP and Tesla's stock are surging ahead of the inauguration, with investors speculating on potential opportunities and market trends post-inauguration. Can Bitcoin crack a new record? Treasury yields are mostly lower, with Morgan Stanley recommending a 5-year note based on a contrarian call.

The world eagerly awaits the inauguration of President-elect Trump, as global leaders and markets position themselves for the changes ahead.