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Donald Trump's second presidency could help supercharge small cap stocks further, according to Fundstrat managing partner and head of research Tom Lee. "Since 1987 small caps traded on a median price-to-earnings [ratio] at a premium basis to the S & P 500, and the S & P 500 is at 17 times. I think small caps could over the next couple of years outperform by more than 100%," Lee told CNBC's " Squawk Box " on Friday. Lee is also bullish on equities more broadly, and doesn't limit his optimistic outlook to only small caps. He also forecast the S & P 500 could break above 6,000 before the end of the year and top 6,700 in 2025.
Persons: Donald Trump's, Tom Lee, Lee, CNBC's, Russell, Stocks, Trump's, haven't, FundStrat Organizations: Trump, U.S, Granny Shots, Tesla, Oracle
Kendall VanGilder turned her eBay side hustle into a full-time business in 2024. She's made several strategic purchases that have helped her grow her business, including LED lights. Kendall VanGilder, who started listing apparel on eBay in 2022, turned the side hustle into a full-time business in 2024. As for inventory, "you can go into your closet or other places throughout your house and list things, and as long as you're making money on what you're listing, then you can take that money and reinvest it." Worthwhile purchases for a reseller: LED lights and a thermal printerVanGilder says two business-related purchases have been completely worth the money: LED lights and a thermal printer.
Persons: Kendall VanGilder, She's, , I've, VanGilder, that's Organizations: eBay, Service, Salvation Army, Urban, The Salvation Army, USPS Locations: TikTok, Cheapskate
Commentators and academics have been weighing in on why Donald Trump won the US election. The images of him bleeding after a failed assassination attempt became the symbol of what supporters saw as a campaign of destinyHow Mr. Trump won is also the story of how Ms. Harris lost. Laurel Duggan, UnHerdWhy white women stuck with TrumpAdvertisementThe abortion issue had seemingly little impact on Republicans's performance with white women in this cycle. Nate Silver, founder of FiveThirtyEight and author of the Silver Bulletin newsletterSilver republished a lengthy blog post from late October with the new title "24 reasons that Trump won." Nate Silver offered up 24 reasons why Trump won.
Persons: Donald Trump, , There's, Donald Trump's, They've, Kamala Harris, Frank Bruni, Let's, Harris, aren't, Hannibal Lecter, Trump, Allysia Finley, Taylor Swift, Taylor, Swift, they'd, I'd, Sarah Baxter, Mueller, Francis Fukuyama, Ankush Khardori, Politico Trump, Shane Goldmacher, Maggie Haberman, Jonathan Swan, MAGA, Biden's, John Burn, Alexandra Ulmer, Gram Slattery, Elon Musk, Jim VandeHei, Mike Allen, Axios, David Weigel, Annie Lowrey, Biden, Gerard Baker, Hitler, Laurel Duggan, UnHerd, Sen, Chuck Schumer, Todd Landman, Evan Vucci Steve Hanke, Ronald Reagan, Steve Hanke, Reagan, Steve Hanke Nate Cohn, Tina Fordham, Trump's, Nate Silver, FiveThirtyEight, AP Matthew Yglesias, Yglesias, overperform electorally, Dominic Sandbrook, Sandbrook, Hillary Clinton, Tom Williams, Eric Cortellessa, Musk, Eric Cortellessa's Organizations: Service, Democratic, The New York Times Democrats, Trump, Street, Democrats Get, demeaned, Democrats, Financial, Republican, Biden, The New York Times, Trump Won, Republican Party, Britain's, Reuters Trump, White, Republicans —, Trump Republicans, Semafor, The Atlantic Voters, The, Democrat, Republicans, University of Nottingham, AP, Johns Hopkins University, Silver Locations: Trump, Ukraine, White, London, Florida, South Dakota, Arizona, Pennsylvania, Philadelphia, Ohio, Illinois, Wisconsin, Washington, New York City, San Francisco, Israel, California
Trump has praised the leaders of many of these nations, especially Hungary’s far-right prime minister Viktor Orbán. Those angles include attacking journalists, discrediting their reporting, applying pressure on media owners to induce self-censorship, launching legal challenges, and leveraging wealthy allies to buy up media outlets to turn them into government mouthpieces. Those outlets were then centralized into the powerful media conglomerate, the Central European Press and Media Foundation (KESMA). That hub now controls roughly 500 outlets, Wójcik said, “consolidating the majority of pro-government media under a single entity.”The few remaining independent media outlets that continue to operate in the country “face challenges, including legal obstacles and broadcast license denials,” Wójcik said. Kamenchuk also expressed optimism that the “levers and limits” on the executive branch enshrined in US law will work to protect the free press.
Persons: Donald Trump, Trump, Sharon Moshavi, “ It’s, , Viktor Orbán, , Moshavi, ” Moshavi, Olga Kamenchuk, Kamala Harris, Harris, ” Kamenchuk, ” Anne Applebaum, ” Applebaum, who’s, Orbán’s, Anna Wójcik, Orbán, Wójcik, ” Wójcik, Mikhail Zygar, Der Spiegel, Vladimir Putin, ” “ Putin, , Putin, A.G . Sulzberger, ” Sulzberger, Applebaum, it’s, Kamenchuk Organizations: New, New York CNN, International Center for Journalists, Northwestern University, The Washington Post, Los Angeles Times, Kozminski University, , Central European Press and Media Foundation, “ Journalists, CBS, New York Times Locations: New York, Europe, United States, Russia, Hungary, India, Poland, Washington, authoritarians, Russian
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat a second Trump administration may hold for one part of clean energy: nuclear powerCNBC's Pippa Stevens discusses how energy policies from the second Trump White House may affect nuclear power operators, and those who've also struck deals to leverage their sites for AI technology.
Persons: Trump, Pippa Stevens, who've Organizations: Trump White
Officials said they hope it will speed up the maintenance and repairs of weapons systems being used by the Ukrainian military. “In order to help Ukraine repair and maintain military equipment provided by the US and its allies, DoD (Department of Defense) is soliciting bids for a small number of contractors who will help Ukraine maintain the assistance we’ve already provided,” a defense official said. Allowing experienced, US government-funded American contractors to maintain a presence in Ukraine means they will be able to help fix damaged, high-value equipment much faster, officials have told CNN. “The Department made this decision after careful risk assessment and in coordination with interagency stakeholders,” the defense official said. Instead, it would likely result in anywhere from a few dozen to a couple hundred contractors working in Ukraine at a time.
Persons: CNN —, Biden, Donald Trump, Trump Organizations: CNN, Pentagon, Russia “, US, DoD, Department of Defense, Ukrainian Armed Forces, Patriots, Biden, Russia, State Department, Locations: Ukraine, Russia, Ukrainian, Russian, Poland, Romania, Iraq, Afghanistan
Hungarian Prime Minister Viktor Orban attends ADF Talks as part of the Antalya Diplomacy Forum (ADF) at NEST Congress and Exhibition Center in Antalya, Turkiye on March 01, 2024. Europe alone cannot shoulder the financial strain of supporting Ukraine against the ongoing Russian invasion, Hungarian leader Viktor Orban said Friday, warning that closely-allied President-elect Donald Trump will likely steer Washington out of the conflict. "Europe alone cannot finance this war. He is a person who hates war, a real businessman who thinks that life and things go well when there is no war." On Thursday, Slovakian Prime Minister Robert Fico — whose country heavily relies on Russian hydrocarbons — questioned the European funding agenda.
Persons: Viktor Orban, Donald Trump, Orban, Kamala Harris, Robert Fico — Organizations: Antalya Diplomacy, Exhibition Center, Google, Trump, White, U.S, EU, Kiel Institute of, European Investment Bank, European Commission, Slovakian Locations: Antalya, Turkiye, Europe, Ukraine, Washington, Budapest
Business Insider spoke to three residency and citizenship consultancies about what they heard in the 48 hours after the election was called. Advertisement"Americans normally will take an average of three weeks to four weeks to review the documents before signing anything," Arton said. This time, it's different: "They're signing it the same day." While demand has risen steadily, Galst said clients' tone this week took on particular urgency — they're no longer just shopping around for options. "In the last 24 hours, I've heard real urgency," Galst said.
Persons: , Donald Trump readies, They've, Steve Ballmer, Armand Arton, He's, Arton, they're, Partners Judi Galst, Galst, I've, it's, Pela Terra Organizations: Democratic, Service, White, Business, Arton, Henley, Partners, Henley & Partners, US Nationals, Gaza, Hamas Locations: Montreal, New York, Connecticut, California, London, Palestinian, Portugal, Caribbean, Ireland, Germany, Austria, Poland, Florida, American, Europe
The US election showed shades of the meme stock mania of early 2021. Ron DeSantis' Presidential Announcement with Elon MuskSimilarly, in February 2021, Cuban thanked members of Reddit's WallStreetBets forum for "changing the game" and "taking on Wall Street." Wall Street traders watched the swings in election betting markets to assess the state of the presidential race and inform their investments, Malek added. Trump Media & Technology Group, the parent company of Truth Social which counts the president-elect as its majority shareholder, unites several of these ideas. AdvertisementThere are clear parallels between the meme stock mania of early 2021 and the social-media chatter and betting-platform activity going into the election.
Persons: Elon Musk, Mark Cuban, , Musk, Trump, Ron DeSantis, Cuban, Reddit's, dogecoin, Kamala Harris, It's, Neil Wilson, Keith, Gill, Young, Joe Rogan, Mark Malek, Siebert, Malek, Naeem Aslam, Tesla, Dan Coatsworth, AJ Bell Organizations: Service, GameStop, Florida Gov, Elon, Democratic, Trump, WSB, Wall Street, titans, Wall, Zaye, Markets, Trump Media & Technology Group, Truth, White Locations: America, Florida, Polymarket, WallStreetBets, . Washington
Powell to Trump: Go ahead, make my day
  + stars: | 2024-11-08 | by ( Elisabeth Buchwald | ) edition.cnn.com   time to read: +5 min
That’s essentially what Federal Reserve Chair Jerome Powell is experiencing with President-elect Donald Trump’s return to the White House. When a reporter asked the Fed chair if he’d resign if Trump asked him to, Powell didn’t miss a beat. Removing a Fed chair isn’t so simpleIf Trump, or any president for that matter, were to try to remove a Fed chair, they would encounter a steep uphill battle. Ultimately, the Supreme Court could have the final say on what merits a “for cause” firing of a Fed chair. Trump has tried testing the limits anywayNevertheless, Trump threatened to fire Powell on several occasions when he was first president.
Persons: That’s, Jerome Powell, Donald Trump’s, Trump, he’d, Powell didn’t, , , curtly, ” Powell, Powell, won’t, Powell doesn’t, Joe Biden, ” Trump Organizations: New, New York CNN, Federal, Trump, Republican, Bloomberg, Economic, of Chicago Locations: New York
His signed Joe DiMaggio jersey is in a Long Island storage facility he has no access to, he said. An employee reached by phone Thursday told Business Insider that the warehouse is a "patriotic venue," not a storage facility. A business located on the same lot, Corporate Transfer, is advertised as a storage facility. Joe DiMaggio's jersey is no longer on the wall of Rudy Giuliani's apartment, lawyers in his $148M defamation case say. Asked after court what the holdup with the storage facility might be, Giuliani told Business Insider he didn't know.
Persons: Rudy Giuliani, Ruby Freeman, Shaye Moss, Joe DiMaggio, , Joltin, Joe, Rudy Giuliani's, Giuliani, DiMaggio, Moss, Kenneth Caruso, Caruso, Judge Lewis Liman, It's, Joe DiMaggio's, Freeman, Marjorie Taylor Greene, Chaya Raichik, Kellyanne Conway, Joseph Verderber, didn't, Mercedes, Lauren Bacall, Aaron Nathan, Donald Trump, Nathan, We've, Shaye, He's, he's, Guiliani, Donald Trump's, Biden Organizations: Service, Freeman, US, Giuliani, The, Mercedes Locations: NY, , New York, Rudy Giuliani's Manhattan, Georgia, Manhattan, Long, Ronkonkoma, New York
Immune, immune, immune.”Justice Department ‘problem’But just how far that immunity extends is murky. The Supreme Court’s 6-3 decision left many questions unanswered and lower courts have not yet wrestled with them. But the Supreme Court majority ruled that a president’s power to direct the Justice Department’s investigative and prosecutorial work is within his exclusive constitutional authority. While the Supreme Court granted former presidents wide immunity, the ruling made no such promises to aides in the White House or Justice Department. Even the conservative Supreme Court and several lower courts repeatedly blocked Trump, who according to a study last year had the worst win rate at the high court of any modern president.
Persons: Donald Trump, Trump, Jack Smith “, Joe Biden, , , Neil Eggleston, Obama, John Roberts, Biden, chafed, Sonia Sotomayor, Sotomayor, Smith, It’s, Smith’s, Trump’s, Richard Painter, George W, Bush, Painter, ” Biden, Kamala Harris, Hillary Clinton, Mark Meadows, ” Rod Rosenstein Organizations: CNN, White, , Navy, Department, Trump, Justice Department, Supreme Court Locations: Georgia
He said his signed Joe DiMaggio jersey was in a Long Island storage facility he had no access to. An employee reached by phone on Thursday told Business Insider the warehouse was a "patriotic venue," not a storage facility. A business on the same lot, Corporate Transfer, is advertised as a storage facility. Asked after court what the holdup with the storage facility might be, Giuliani told BI he didn't know. Giuliani was also ordered to continue working with the plaintiffs on getting access to the storage facility.
Persons: Rudy Giuliani, Ruby Freeman, Shaye Moss, Giuliani, Joe DiMaggio, , Joltin, Joe, Rudy Giuliani's, DiMaggio, Moss, Kenneth Caruso, Freeman's, Caruso, Judge Lewis Liman, Joe DiMaggio's, Freeman, he'd, Marjorie Taylor Greene, Chaya Raichik, Kellyanne Conway, Joseph Verderber Jr, didn't, Mercedes, Lauren Bacall, Aaron Nathan said, Donald Trump, Nathan, We've, he's, Guiliani, Trump's, Joe Biden Organizations: Service, Trump, Freeman, US, Giuliani, America, New, New York City, Mercedes Locations: New York, , New York, Rudy Giuliani's Manhattan, Georgia, Manhattan, Long, Ronkonkoma
Trump took a dim view of the Powell Fed during his first term in office, calling policymakers "boneheads" and once compared Powell to a golfer who couldn't putt. Powell, who was nominated by Trump in November 2017 and took office the following February, largely shrugged off the criticism then, and he again deflected Thursday. However, dealing with the ramifications of a Trump presidency will be almost unavoidable for the Fed leader. LaVorgna has a unique perspective on the situation, having served as chief economist for the National Economic Council under Trump. Trump historically has favored lower rates, though that too could change if the Fed cuts and inflation rises.
Persons: Jerome Powell, Kent Nishimura, Donald Trump, Trump, Powell, I'm, Joseph LaVorgna, LaVorgna, Lavorgna Organizations: Federal, Getty, firebrand Republican, Powell Fed, Trump, Fed, Nikko Securities, National Economic Council Locations: Washington, Washington , DC, stoke
For the second time in eight years, the highest, hardest glass ceiling survived millions of tiny cracks, once again testing the optimism of those who hope to see the first female president elected. The late Rep. Shirley Chisholm, a former New York congresswoman, became the first Black woman to seek the office in 1972. “I’m ready for a female president, I just don’t think that most of America is yet, and I don’t know why,” she said. In the Senate, Angela Alsobrooks will be the first Black woman to represent Maryland and Lisa Blunt Rochester will be the first woman to represent Delaware. Together, the two Democrats will be the first two Black women to serve in the chamber at the same time.
Persons: Kamala Harris, Janet Edwards, Harris, “ I’m, ” Edwards, , Donald Trump, Shirley Chisholm, ” Harris ’, Chisholm, Hillary Clinton, Barack Obama, Clinton, Joe Biden, , Trump, Clinton –, Melinda Corey, , ” Priya Lewis, Kamori Thomas, Howard University – Harris, alma, Thomas, ” Thomas, ” Lewis, Harris –, “ We’ve, Kelly Dittmar, Dittmar, Harris ’, Nadia Brown, Brown, Angela Alsobrooks, Lisa Blunt Rochester, Republican Julie Fedorchak, Sarah McBride of, David Axelrod, , I’ve, Axelrod, – Harris, who’d, ” Harris, Christina Reynolds, doesn’t Organizations: CNN, Howard University, , White House, Victoria, Equal Rights Party, Democratic, Trump, Center for American Women, Georgetown University, “ Research, House, Republican, Democratic National Convention Locations: Washington, Italy, North Macedonia, Mexico, New York, America, , Maryland, Delaware, Sarah McBride of Delaware, DC
Opportunities abound for income-seeking investors, even as the 10-year Treasury has seen a volatile week, according to BlackRock's Rick Rieder. The iShares Broad USD High Yield Corporate Bond ETF (USHY) , for instance, has a duration of 3.2 years and a 30-day SEC yield of 7.22%. Meanwhile, the Vanguard High-Yield Corporate Fund (VWEHX) has an average duration of 2.9 years, and a 30-day SEC yield of 6.03%. "You can stay higher quality, floating rate oriented, and clip yield," Rieder said. He thinks it's prime time for income investors to snap up yield without stretching into lower quality.
Persons: BlackRock's Rick Rieder, Donald Trump, Rieder, CLOs, Janus Henderson Organizations: Treasury, Federal, BlackRock, CNBC, Standard, SEC, Fund, AAA, Janus Henderson AAA CLO Locations: CLOs, Europe
Generative AI wasn't part of the lexicon for most of us during President-elect Donald Trump 's first four years in the White House. At a high level, generative AI is a cutting-edge form of technology that will shape the next decade and beyond. While the AI field has been around for decades, generative AI applications can create new content, including computer code, human-like text and images, in response to user prompts. Those that lead in generative AI will very likely shape the world as we know it. With 5G, Trump didn't just hope the U.S. could just fun faster than everyone else.
Persons: Donald Trump, ChatGPT, Kamala Harris, Trump, Elon Musk, OpenAI, JD Vance, Vance, Joe Biden's, Trump's, OpenAI's Sam Altman, Alphabet's Sundar Pichai, Jim Cramer, it's, Jim, they're, Jim Cramer's, Callaghan Organizations: Trump, Billionaire, Republican, Big Tech, Republican Party's, GOP, 5G, Mobile, Sprint, Verizon, Nvidia, Microsoft, Huawei, Biden, Deutsche Bank, South China, Taiwan Semiconductor Manufacturing, Apple, Washington, Intel, Eaton, Trust, CNBC, Convention Center, Callaghan O'hare Locations: Ohio, U.S, United States, America, We've, China, Taiwan, South, Beijing, Palm Beach, West Palm Beach , Florida
The Fed may have declared inflation victory too early, Stanley Druckenmiller said. Inflation could could be bottoming right now, the billionaire investor told a Norges Bank podcast. "I'm a little worried that the Fed has declared victory too early," the billionaire investor said about consumer prices on a Norges Bank podcast. When inflation eases, the Fed lowers rates to make sure economic growth keeps up — and has justified its cuts given shifting labor prints. AdvertisementThough the podcast was recorded prior to the president-elect's victory, Druckenmiller cited that Trump's tariff plans are marginally inflationary.
Persons: Stanley Druckenmiller, , Stanley Druckenmiller isn't, Druckenmiller, Donald Trump Organizations: Norges Bank, Service, Federal Reserve, Fed, Trump
Lan revealed that, as of the end of 2023, China had an enormous hidden debt balance of 14.3 trillion yuan ($1.99 trillion). Officials aim to trim that amount to 2.3 trillion yuan ($320 billion) by 2028. Hitting a growth targetThe scale of the debt swap, seen as underwhelming by some investors, was largely in line with the expectations of economists. Still, at this pace of growth, there’s a risk Beijing may miss its growth target rate of around 5%. Since then, economists have been expecting additional stimulus measures worth up to 10 trillion yuan ($1.4 trillion) to restore bullishness in the world’s second-largest economy.
Persons: Donald Trump, Lan Fo’an, ” Lan, Lan, Larry Hu, Xi Jinping Organizations: Hong Kong CNN, House, Finance, National People’s Congress, , Macquarie Bank, Reuters Locations: China, Hong Kong, Lan, Beijing
Americans disappointed with the outcome of the U.S. election took their anguish online, with searches related to moving abroad surging following the results of the presidential race. Google Trends showed that searches related to "leaving the country" and "how to move to …" spiked following the news that Donald Trump would be returning to the White House. Searches for "how to move to Canada" peaked on Nov. 6, with Google Trends showing interest in the phrase highest among Democratic strongholds, like Vermont, Maine, Oregon and Washington. A survey conducted earlier this month found that 21% of Americans said they would consider moving abroad if their preferred candidate lost the race. Among those polled, nearly 60% said they would be "very unlikely" to move, while only 2.6% said they were "very likely" to uproot and leave.
Persons: Donald Trump Organizations: Google, Democratic, NBC, Trump —, Casino.org Locations: Canada, Vermont , Maine , Oregon, Washington, Wisconsin, Pennsylvania, Oregon, Minnesota, Indiana
President-elect Donald Trump on Thursday named co-campaign chair Susie Wiles as his White House first chief of staff, one of the most important non-elected posts in Washington. “Susie Wiles just helped me achieve one of the greatest political victories in American history, and was an integral part of both my 2016 and 2020 successful campaigns,” Trump said in a statement Thursday. After Trump’s resounding victory Tuesday over Vice President Kamala Harris, there was an overwhelming sense that Wiles was the frontrunner to be White House chief of staff. “I’m told you know something about Florida,” Trump told Wiles when they first spoke on the phone, NBC News reported in March. Response to Wiles’ hire as chief of staff was overwhelmingly positive from Republicans.
Persons: Donald Trump, Susie Wiles, White, Wiles, “ Susie Wiles, ” Trump, “ Susie, , Joe Biden, Rick Scott, Ron DeSantis, Kamala Harris, , Pat Summerall, Jack kemp, Raymond Donovan, Reagan, John Delaney, John Peyton, Trump, Jeb Bush, Sen, Marco Rubio, “ I’m, Ballard, Susie, ” Donald Trump Jr Organizations: White House, Trump’s, Florida Gov, White, NBC, Trump, Labor, Republican, Gov, NBC News, DeSantis, Ballard Partners, Mercury, Republicans Locations: Washington, Florida, U.S, American, Jacksonville, Fla, New York City
Over 200,000 people looked up the “4B movement” on Google on Wednesday, making it one of the top trending topics on the online search engine. Of the female voters, 91% of Black women voted for Harris vs. 7% who voted for Trump, and 57% of college-educated white women voted for Harris vs. 41% who voted for Trump. Of the male voters, 37% of white men voted for Harris vs. 60% who voted for Trump, and 47% of college-educated white men voted for Harris vs. 50% who voted for Trump. Aleisa Mora, 30, posted a TikTok about the 4B movement in March after reading the English translation of the book “Kim Jiyoung, Born 1982” by Cho Nam-Joo, which is largely credited as the book that began the 4B movement. However, she said those comments only underscore her belief in why the 4B movement is needed in the United States.
Persons: Donald Trump, Meera Choi, , Choi, Kamala Harris, , Harris, Joe Biden, ” Choi, Yoon Suk Yeol, Aleisa Mora, Kim Jiyoung, Cho Nam, “ We’ve, Ahn Young, we’re, ’ ” Mora, Marykate Cecilia, , Cecilia, ” Cecilia Organizations: Google, Yale University, South, , Trump, NBC, Data, World Bank, U.S Locations: TikTok, South Korea, South Korean, United States, Seoul
“Our Executive Slaves will come get you in a Brown Van,” the message read, “be prepared to be searched down once you’ve enter the plantation.”A text message received by Monét Miller. But that day, with the climate and everything going on, I genuinely felt scared.”Black social media users across the country said they have received text messages similar to Miller’s. Various Clemson University students reported receiving the text messages, prompting a public statement from the school. It is unclear who is behind the mass text messages, what motivated them or how they obtained phone numbers for swaths of Black people. Although college students seem to be the most targeted with the texts, Black people of varying ages have reported receiving the messages.
Persons: Monèt Miller, Donald Trump, , Monét Miller, Monet Miller Miller, ” Miller, Domonique, ” Valles, “ TextNow, , Brian Hughes, Trump, ” Hughes, Corryn Freeman, ” Freeman, John Anthony, ” Anthony, ‘ let’s, Miller Organizations: White, Ohio State University, Clemson University, University of Southern, Missouri State University, NBC News, Kappa Alpha Psi, FBI, U.S . Department of Justice, & Safety, Police, , NAACP, Democrats weren’t, Black Republican, Federal Communications Commission Locations: Atlanta , Georgia, Brown, South Carolina, University of Southern California, Domonique Valles, Virginia, Fort Lauderdale , Florida, Illinois, Trump
In today’s edition, senior national political reporter Jonathan Allen explains why Democrats need to retool their economic message during Donald Trump's second term. Plus, senior national politics reporter Matt Dixon writes that the battle to succeed Trump in four years is already underway. How Trump broke both parties — and where Democrats go from hereBy Jonathan AllenOver the course of the last decade, President-elect Donald Trump broke both national political parties. Before Trump, Democrats nominated — and the country twice elected — Barack Obama, a candidate who ran against leaders that walked the country into forever wars and a finance-and-housing crisis that nearly toppled the economy. Harris’ economic policy offerings were largely expansions of Biden proposals, such as more generous homebuyer and child tax credits than he called for.
Persons: Jonathan Allen, Donald Trump's, Matt Dixon, Trump, Kristen Welker, Donald Trump, Joe Biden’s, , — Barack Obama, Cheney, Trump’s, Ronald Reagan, Sen, Bernie Sanders, Biden, Kamala Harris, Harris, Bill Buckner, omez Organizations: NBC, White House, Capitol, Democratic Party, Trump, Democratic, Democrats, District of Columbia, Republican Party Locations: Minnesota
Donald Trump’s return to the presidency has done something no political opponent could: put an end date on his time atop the Republican Party. Trump single-handedly remade the Republican Party in his own image, not only becoming its unquestioned leader but also rewiring what the Grand Old Party stands for. “We are getting four more years of Trump and then eight years of JD Vance!” Trump Jr. said last week as he campaigned for Ohio Senate candidate Bernie Moreno. He had a shaky start, but he has steadied himself,” a veteran Republican operative said. “A Trump win means [the 2028] field will be slower to develop,” a longtime Republican operative said.
Persons: Donald Trump’s, MAGA, Trump, , “ Trump, Reagan, JD Vance, Vance, Gene J, Donald Trump Jr, ” Trump, Bernie Moreno, “ JD, steadied, , Ron DeSantis, Sarah Huckabee Sanders, Vivek Ramaswamy, Brian Kemp, Nikki Haley, Glenn Youngkin, Sen, Ted Cruz of, Tim Scott of, Ronald Reagan, ” DeSantis, I’m, “ Huckabee Sanders, , Huckabee Sanders, Ramaswamy, Haley, ” Haley, Dave McCormick can’t, Donald Trump Organizations: Republican Party, Trump, Old Party, Republicans, Republican, Trump Republicans, Reagan Democrats, Ohio, White House, Florida Gov, Georgia Gov, South Carolina Gov, Virginia Gov, Trump Republican, Gov, GOP, Trump ” Republicans Locations: Trump, Butler , Pennsylvania, Bedford , Pa, Arkansas, Georgia, Virginia, Ted Cruz of Texas, Tim Scott of South Carolina, Florida, Iowa, Ohio, South Carolina, Pittsburgh, Pennsylvania
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