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Republican presidential candidate and former U.S. President Donald Trump speaks during a campaign rally at the Butler Farm Show in Butler, Pennsylvania, U.S., July 13, 2024. Brendan Mcdermid | ReutersU.S. stocks are expected to get a short-term boost in the aftermath of the failed assassination of former president Donald Trump over the weekend, as analysts say the likelihood of his re-election in November has increased. "The events on Saturday, if they do anything, they strengthen the case for President Donald Trump to win the election in November. watch nowPolls showed Trump retaining his lead over President Joe Biden a day after the shooting at a Republican rally in Pennsylvania. "These events, as unfortunate as they are in terms of political change, do not really change the direction of global markets and the global economy," he said Monday.
Persons: Donald Trump, Brendan Mcdermid, Rob Casey, CNBC's, Trump, Casey, Brian Gardner, Joe Biden, Biden, Guillaume Menuet, It's Organizations: Reuters, Trump, Global Advisors, Republican, Democratic, BMI, Fitch Solutions, CNBC, EMEA, Citi Global Wealth Locations: Butler , Pennsylvania, U.S, Reuters U.S, Washington, Pennsylvania
If enacted, Project 2025 would bring major changes to Americans' finances. "As we've been saying for more than two years now, Project 2025 does not speak for any candidate or campaign," a spokesperson from Project 2025 said in a statement. "We are a coalition of more than 110 conservative groups advocating policy and personnel recommendations for the next conservative president." "But it is ultimately up to that president, who we believe will be President Trump, to decide which recommendations to implement," the organization said. While some of the changes proposed in Project 2025 could happen via executive action, many would need congressional approval, which could prove difficult in a divided government.
Persons: Donald Trump, Trump, Joe Biden, Biden, Zers, we've Organizations: Heritage Foundation, Trump, Finance, America Locations: Philadelphia
The risk-sensitive Australian dollar fell 0.18% to $0.6771, while the New Zealand dollar slid 0.35% to $0.6097. Under a Trump presidency, market analysts expect a more hawkish trade policy, less regulation and looser climate change regulations. Against the dollar, the yen was last 0.3% lower at 158.36, having strengthened to a roughly one-month high of 157.30 per dollar on Friday. "The confirmed FX intervention undertaken by the MOF in April and May proved that policymakers are prepared to be canny about choosing the timing of their moves," said Jane Foley, head of FX strategy at Rabobank. "In order to make more 'bang for their buck', FX intervention in quiet conditions or after the release of softer U.S. economic data seems like a sensible move.
Persons: Donald Trump, Jack Ablin, It's, Trump, Rong Ren Goh, Jane Foley Organizations: Trump, Cresset, New Zealand, Eastspring Investments, Cash U.S, Investors, . Bank of Japan, Finance, Analysts, Rabobank Locations: Asia, Japan, U.S, Tokyo
US stocks surged to record highs as markets mulled the impact of the attempted assassination of Donald Trump over the weekend. Investors anticipate the attempt will boost Trump's chances in the November Presidential election. AdvertisementUS stocks moved higher on Monday to test record highs after former President Donald Trump survived an assassination attempt over the weekend. Investors are betting that the tragic attempt on Trump's life will help hand him to the Presidency once again in November. A higher US dollar could also be in store under a potential Trump Presidency in November, though the dollar was about flat in early Monday trades.
Persons: Donald Trump, , bitcoin, Tesla, Trump, Kyle Rodda Organizations: Trump Media, Service, Trump Media & Technology Group, GEO Group, Trump Presidency, Treasury, Here's Locations: United States
Former US President Donald Trump during a campaign event at Trump National Doral Golf Club in Miami, Florida, US, on Tuesday, July 9, 2024. "Trump's re-election would thus pose a significant downside risk to our otherwise constructive growth forecast for the Euro area." Trade policy uncertainty, added defense and security pressures and spillover effects from U.S. domestic policies on, for example, taxes could impact Europe, they explained. Trade tensionsTrump's trade policy, and the uncertainty around it, could be one factor that impacts Europe's economy, just as it did during his last presidency, analysts Stehn and Moberly said. In 2018 and 2019, uncertainty about trade policy reduced industrial production in the euro area by around 2%, they estimated.
Persons: Donald Trump, Eva Marie Uzcategui, Goldman Sachs, Jari Stehn, James Moberly, Trump's, Trump, Joe Biden, Moberly Organizations: Trump National Doral Golf Club, Bloomberg, Getty, White, Trump, European Union, EU, . Defense, NATO, U.S, Stehn Locations: Miami , Florida, Europe, Pennsylvania, U.S, Germany, Stehn, Moberly, Ukraine
Bitcoin hit a two-week high Monday, as betting markets suggested an increased chance of victory for crypto-friendly candidate Donald Trump in the U.S. presidential election. The value of the world's biggest cryptocurrency, bitcoin, was up around 5% at 1:40 p.m. London time, to $62,781.48, according to CoinGecko. The rally follows the dramatic failed assassination attempt on former President Trump on Saturday. Investors said over the weekend they expected so-called "Trump victory trades" to receive a boost. The Trump campaign began accepting donations from the crypto industry in May and his messaging has become increasingly positive on the future of such digital assets.
Persons: Bitcoin, Donald Trump, Trump, Reagan, Ben Emons, Trump's favorability, Zach Pandl, Sen, Elizabeth Warren Organizations: U.S, FedWatch Advisors, Investors, Trump, CNBC, Republican Locations: London
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe banks are a buy here on the weakness from Friday, says Hightower's Stephanie LinkStephanie Link, Hightower Advisors chief investment strategist and portfolio manager, joins 'Squawk Box' to discuss the latest market trends, what a Trump presidency would mean for markets, what to expect from earnings season this week, and more.
Persons: Stephanie Link Stephanie Link, Hightower, Trump Organizations: Hightower Advisors
"After this weekend, it sure seems like the Trump stocks are back," he said. "Just keep in mind that plenty of companies are great enough to transcend politics, and sometimes what counts as a Trump stock can change on a dime." Trump will likely be more lenient when it comes to mergers and acquisitions than Biden, according to Cramer. According to Cramer, investors may want to avoid stocks related to saving the environment, as Trump doesn't believe in those measures. "Eight years ago, in a moment gripped by political fever, I put a button on my sound board that said 'trump stock, trump stock,' he said.
Persons: CNBC's Jim Cramer, Donald Trump, Cramer, Trump, Joe Biden, Goldman Sachs, Morgan Stanley, Biden, Monday's Organizations: Trump, Republican, Biden, Bank of America, Albertsons, New York Times
Trump victory trades to swell after shooting, investors say
  + stars: | 2024-07-14 | by ( ) www.cnbc.com   time to read: +4 min
Saturday's shooting at U.S. former President Donald Trump's election rally raises his odds of winning back the White House, and trades betting on his victory will increase this coming week, investors said on Sunday. Trump was shot in the ear during the rally in Pennsylvania on Saturday in what the authorities were treating as an assassination attempt. The first shooting of a U.S. president or major party candidate since a 1981 assassination attempt on Republican President Ronald Reagan could upend the Nov. 5 rematch between Republican Trump and President Joe Biden, a Democrat, which has been tight in opinion polls. World leaders and U.S. politicians condemned the shooting, while some industry executives, including Tesla chief Elon Musk, declared their support for Trump. Investors also expect an extension of corporate and personal tax cuts expiring next year, fuelling concerns about rising budget deficits under Trump.
Persons: BUTLER, Donald Trump, Donald Trump's, Trump, Rong Ren Goh, Ronald Reagan, Joe Biden, Reagan, Nick Ferres, Elon Musk, Biden, Jerome Powell, Goldman Sachs, Bill Ackman, Musk Organizations: Republican, Secret, U.S, Treasury, Eastspring Investments, Republican Trump, Democrat, Asset Management, Tesla, Trump, Reuters, Investors, Federal, Biden, Dow Jones, Democratic, Goldman Locations: PENNSYLVANIA, Butler , Pennsylvania, Pennsylvania, Singapore
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Whether it's the markets or the Federal Open Market Committee, no one seems to be getting their forecasts right. But if you want the closest thing to accuracy, French economist Christophe Barraud may be your best bet. One caveat is that Trump would need 60 seats in the Senate to implement policy changes smoothly, Barraud noted. Where uncertainty in a Trump presidency remains is on the geopolitical front, Barraud noted.
Persons: , Christophe Barraud, haven't, Barraud, it's, Donald Trump, Joe Biden, Trump, He's Organizations: Service, Federal, Market, Market Securities Monaco, Bloomberg, Business, Trump, Republican, Fed Locations: China, delinquencies, France, Italy, Ukraine, Russia
An AI-driven stock market bubble could burst early if Trump wins the 2024 election, according to Capital Economics. Trump's proposed policies on tariffs and immigration could slow economic growth and spark higher inflation, the firm said. Higher inflation would restrict the Federal Reserve's ability to cut interest rates. AdvertisementThe ongoing stock market bubble that has been inflated by a strong rally in AI stocks could pop prematurely if former President Donald Trump wins the 2024 election. A second Trump Presidency "could potentially result in the imposition of universal tariffs and reductions in immigration," Higgins said.
Persons: Trump's, , Donald Trump, John Higgins, Higgins, Trump Organizations: Trump, Capital Economics, Service, Trump Presidency, Federal Reserve
Sunrise Movement protesters gather near VP Harris' Brentwood home calling on her to urge President Biden to declare a climate emergency. The Sunrise Movement, a major youth climate group that strongly supported President Joe Biden in the 2020 election, urged him on Friday to exit the 2024 race against former President Donald Trump. We can't afford to ignore the warning signs in front of us," Sunrise Movement Executive Director Aru Shiney-Ajay said in a statement. "Joe Biden's next climate legacy-defining act must be to pass the torch to a new nominee," Shiney-Ajay said. "If Trump wins, he will demolish President Biden's historic climate achievements, such as the Inflation Reduction Act and American Climate Corps.
Persons: Harris, Biden, Simon Aron, Josiah Edwards, Joe Biden, Donald Trump, Aru Shiney, Ajay, Joe Biden's Organizations: Sunrise Movement, Brentwood, Sunrise, Movement, Democratic, Democrats, Trump, Climate Corps
Opinion | How Did Biden Do at His News Conference?
  + stars: | 2024-07-12 | by ( ) www.nytimes.com   time to read: +1 min
To the Editor:Re “In News Conference, Biden Has Slips but Shows Strength on Foreign Policy” (news article, nytimes.com, July 11):President Biden’s performance at Thursday’s press conference was neither his debate disaster nor as underwhelming as his subsequent interview with George Stephanopoulos. However, it was also not dispositive of the doubts about the viability of his continued candidacy that have emerged over the past couple of weeks. So, Democrats still need to focus on which is the lesser of two gambles. Or do the Democrats risk potential chaos in service of a revitalized nomination process? The only thing worse than a gamble you lose is one that you never even had a chance of winning in the first place.
Persons: Biden, George Stephanopoulos, Donald Trump Organizations: Conference
Keir Starmer, Britain’s newest leader, wants to force lawmakers in the country’s upper chamber to step down at the same age. Does this mean he thinks octogenarians like President Joe Biden should step back from politics? Starmer said the talks were “a really good opportunity” for him to “speak to the president about the special relationship” between their two countries. He said Biden “deserves credit” for presiding over a summit that Ukrainian President Volodymyr Zelensky has called a success. “I took over the Labour Party four and a half years ago.
Persons: Winston Churchill, Keir Starmer, Joe Biden, ” Starmer, CNN’s Jake Tapper, Starmer, King Charles III, Biden, , Tapper, , Biden “, Volodymyr Zelensky, Putin, Kamala Harris “, Trump ”, We’ve, Emmanuel Macron, David Lammy, Lammy, Donald Trump –, CNN Tacking, Britain’s, Jeremy Corbyn, We’d, ’ ” Starmer, , we’ve, ’ ” Organizations: CNN, it’s, NATO, Conservative Party, Labour, Trump, BBC, Labour Party, Conservative, European Union Locations: America, Washington, United Kingdom, Ukraine, Russia, Britain, NATO
Opinion | James Carville’s Plan B for a Democratic Nominee
  + stars: | 2024-07-11 | by ( ) www.nytimes.com   time to read: +1 min
To the Editor:Re “Biden Won’t Win. Democrats Must Have a Plan. Lamont WiltseeCarmel Valley, Calif.To the Editor:James Carville makes one structural mistake in his piece calling for four town halls around the country. President Biden should be invited to be one of the participants and compete on an even footing with the other candidates. His proposed nominee plan is a waste of campaign time better used to hammer away at the defects and danger of a Donald Trump presidency.
Persons: Re “ Biden, Win, James Carville, Carville, Bill Clinton, Barack Obama, , Lamont, Biden, Mr, Keith Liggett, Franklin D, Roosevelt, Donald Trump Organizations: Democratic Party Locations: Chicago, Carmel Valley, Calif, Keith Liggett Silverton, British Columbia
Wedbush analysts note a Trump presidency may hurt the EV sector but benefit Tesla. Higher Chinese tariffs could limit competition, giving Tesla an edge in the US EV Market. Overall, Wedbush writes that Trump's presidency would be an overall negative for the industry. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . According to a note to investors from Wedbush analysts, Trump's possible return to the White House could be a good thing for Tesla.
Persons: Trump, Tesla, Wedbush, Trump's, Organizations: Market, Service, Elon, Business
Senator Peter Welch of Vermont in the Capitol on Tuesday. He said on Wednesday that it was a hard decision to make but he thought President Biden should end his re-election campaign. Mr. Welch said it had become an existential issue for him to consider the threat of another Trump presidency, and that his determination was that Mr. Biden was not up to beating the former president. “It’s not the elites in Vermont who are talking to me,” Mr. Welch said, brushing back an argument that Mr. Biden has made in recent days as he has defiantly refused to leave the race. “One of the achievements of Joe Biden is that he has unified the Democratic Party — everyone from Bernie Sanders to Joe Manchin,” Mr. Welch said.
Persons: Peter Welch of, Biden, Mr, Welch, Donald J, Trump, Joe Biden, , Vermonters, “ It’s, ” Mr, , who’s, Hubert Humphrey’s, Bernie Sanders, Joe Manchin, ’ it’s Organizations: Peter Welch of Vermont, Wednesday, Democratic, White, Trump, Democratic Party Locations: Peter Welch of Vermont, Washington, Vermont, Chicago,
However, following the recent turmoil in Biden's party, Japan's ruling Liberal Democratic Party is now reappraising the odds of a "Trump 2.0 presidency." "I think the issue with Trump, he's very transactional, he's not very predictable. If you're Japan, they're looking at the future and wondering, 'this could be a fascinating few years for for us.'" Collateral damageA Trump presidency is concerning to Tokyo because Japan suffered from "collateral damage" during his first term, Pesek said. "Now Japan has to, in many ways, go back to the drawing board, and at least begin bracing for a Trump 2.0 presidency, which is not going down very well [in Tokyo]."
Persons: Shinz Abe, Donald Trump, Cheriss, Donald Trump's, William Pesek, Joe Biden's, Pesek, Biden, Nancy Pelosi, Trump, CEPR, He's Organizations: White, Washington , D.C, NurPhoto, Democratic, Liberal Democratic Party, Trump, Economic, Research Locations: Washington ,, Japan, Tokyo, Asia, China, North America
Read previewRep. Ilhan Omar, along with other members of the progressive "Squad," has been a staunch critic of President Joe Biden's policies on Israel. She's unhesitant in defending that approach, arguing that former President Donald Trump would be worse. We will continue to push for that," Omar told Business Insider on Wednesday. I'm fully behind him," Rep. Jamaal Bowman of New York, who recently lost his primary to a moderate Democrat in large part due to his criticism of Israel, told BI this week. Advertisement"There is not going to be a situation where the President is being removed from being the nominee," said Omar.
Persons: , Ilhan Omar, Joe Biden's, Omar's, Biden, Omar, She's unhesitant, Donald Trump, Trump, Alexandria Ocasio, Cortez, Kamala Harris, I'm, Jamaal Bowman, Israel, Harris, Omar wouldn't Organizations: Service, Minnesota congresswoman, Business, Capitol, Trump Locations: Israel, Minnesota, Gaza, Alexandria, Cortez of New York, Congress, New York
Mr. Welch said it had become an existential issue for him to consider the threat of another Trump presidency, and that his determination was that Mr. Biden was not up to beating the former president. “It’s not the elites in Vermont who are talking to me,” Mr. Welch said, brushing back an argument that Mr. Biden has made in recent days as he has defiantly refused to leave the race. “It’s the working-class mother who’s got two kids and is hoping maybe we can get the child care tax back. “One of the achievements of Joe Biden is that he has unified the Democratic Party — everyone from Bernie Sanders to Joe Manchin,” Mr. Welch said. “And what that means is that if we have to go through ‘Who’s our next candidate?,’ it’s going to be among people who are all committed to the Biden commitment to save democracy, the Biden commitment to the environment, the Biden commitment to women’s rights.”
Persons: Trump, Mr, Biden, Welch, “ It’s, ” Mr, , who’s, , Hubert Humphrey’s, Joe Biden, Bernie Sanders, Joe Manchin, ’ it’s Organizations: Trump, Democratic Party Locations: Vermont, Chicago,
CNN —Vermont Sen. Peter Welch on Wednesday became the first Democratic senator to call on President Joe Biden to step aside as the party’s presidential nominee. “I understand why President Biden wants to run. He saved us from Donald Trump once and wants to do it again,” Welch continued. “Vermont loves Joe Biden,” Welch wrote. “President Biden and Vice President Harris received a larger vote percentage here than in any other state.
Persons: Vermont Sen, Peter Welch, Joe Biden, Biden’s, ” Welch, , , Biden, Donald Trump, Kamala Harris “, House . Colorado Sen, Michael Bennet, doesn’t, “ Donald Trump, ” Bennet, CNN’s Kaitlan Collins, — Montana’s Jon Tester, Ohio’s Sherrod Brown, , Welch, Harris, Trump Organizations: CNN, Vermont, Wednesday, Democratic, House . Colorado, Senate Democratic Locations: Washington, , Vermont, House
Financial experts, however, don't encourage making investment decisions for political reasons as markets tend to react to economic factors that politicians have no control over . Presidential election outcomes don't significantly affect market performance, but many investors still feel nervous about what this year's presidential matchup between President Joe Biden and former President Donald Trump could mean for their money. "We've got a very stable market," Curtis said. That could make your next trip pricierStill, clients visiting Curtis have expressed concerns about the idea of Trump winning the election. Dating back to 1928, the S&P 500 has returned an average 7.5% in presidential election years, compared to an average 8% in nonelection years, according to an analysis in March from J.P. Morgan Private Bank.
Persons: Joe Biden, Donald Trump, Cathy Curtis, Curtis, We've, Biden, Zers, pricier, Trump, Dan Egan, Egan Organizations: Republican, Democrat, Curtis Financial, Financial, CNBC, Nasdaq, Dow Jones, Finance, Trump, Morgan Private Bank, Federal Reserve Locations: Atlanta , Georgia, Oakland , California, J.P
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump 2.0 would take similar approach to Asia allies and increase defense spending: Former advisorMatt Pottinger, distinguished visiting fellow at the Hoover Institution and deputy national security advisor under the Trump administration, discusses what U.S. foreign policy toward the Asia-Pacific might be like under a second Donald Trump presidency.
Persons: Matt Pottinger, Trump, Donald Trump Organizations: Trump, Hoover Institution Locations: Asia
Read previewNobel Prize-winning economist Joseph Stiglitz told Business Insider in a June interview the US economy is "remarkably strong." "I think general consensus, not just my view, but almost anybody modeling what is going on would say the Trump administration would be more inflationary," Stiglitz told BI. Related storiesStiglitz noted Trump's promise of large increases in tariffs as one of the things that could make inflation worse. A third factor that could juice inflation would be the "drastic reductions in immigration" that Trump has proposed, Stiglitz said. AdvertisementOutside of the risks to inflation, Stiglitz said a Trump presidency could also mean a slowing GDP.
Persons: , Joseph Stiglitz, Stiglitz, Trump, Axios, Trump's, Karoline Leavitt Organizations: Service, Democratic, Republican, Business, Republican National Committee, Trump, U.S, Republicans, CNN Locations: U.S
Diplomats and officials who spoke with CNN said Rutte is seen as a staunch trans-Atlanticist and a consensus builder. “He is really a seasoned political official, and this is essential to keep the cohesion of the alliance,” a European official said. “It was just a very polite, slightly humorous way of dealing Trump, and Trump appreciated it,” Hoekstra recalled to CNN. “We are not there yet, but it is better than when Trump left,” the official told CNN. Biden likes Rutte personally, they get along well, and the US president sees them as sharing the same values, the official told CNN.
Persons: Donald Trump, Trump, Mark Rutte, Jens Stoltenberg, Rutte, , “ Trump, Pete Hoekstra, ” Hoekstra, ‘ Touche, ’ ”, , ” Rutte, Stoltenberg, Joe Biden, Biden, “ Rutte, Putin Organizations: CNN, NATO, Dutch, Diplomats, Trump, Kyiv – Locations: Washington, NATO, Russia, Netherlands, European, Europe, Ukraine, China, US,
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