President Donald Trump releases video in response to the Capitol riot

President Trump posted a video on his personal Twitter account in response to yesterday’s siege of the U.S. Capital building. Shepard Smith reports. For access to live and exclusive video from CNBC subscribe to CNBC PRO: President Donald Trump on Thursday acknowledged for the first time that President-elect Joe Biden’s administration will take charge in less than two weeks. Without mentioning Biden by name, Trump said in a nearly three-minute video that “a new administration will be inaugurated on January 20th.” Trump, who had repeatedly vowed never to concede to Biden, backed dozens of failed lawsuits and flooded his Twitter account with baseless claims of voter fraud. His refusal to accept the election results culminated in a deadly riot on Wednesday, when swarms of his supporters stormed the U.S. Capitol and derailed congressional proceedings to tally electors’ votes and confirm Biden’s win in the Nov. 3 election. “Now tempers must be cooled, and calm restored. We must get on w