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☆ McDonald’s $5 value meal is sticking around until December
▼ + stars: | 2024-09-12 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

New York CNN —The McDonald’s $5 meal deal is staying on menus until December, a sign that inflation-weary customers are devouring value meals recently offered by fast food chains. The Chicago-based fast-food giant announced the $5 meal deal in June. In July, McDonald’s said that the vast majority of restaurants would keep it on the menu until August. The meal features either a McChicken sandwich or McDouble cheeseburger, small fries, 4-piece Chicken McNuggets and a small soft drink. McDonald’s also announced a slew of fall deals — from $0.50 Double Cheeseburgers for National Cheeseburger Day on Sept. 18 to a $2 McCrispy sandwich for National Fried Chicken Sandwich Day on Nov. 9.

Persons: McDonald’s, Chris Kempczinski, Burger, we’re, ” Joe Erlinger Organizations: New, New York CNN, McDonald’s USA Locations: New York, Chicago

☆ Deep divisions in battleground Pennsylvania over proposed sale of U.S. Steel to Japanese company
▼ + stars: | 2024-09-06 | by ( Gabe Gutierrez | ) www.cnbc.com time to read: +2 min

A water tower at the United States Steel Corp. Edgar Thomson Works steel mill in Braddock, Pennsylvania, US, on Wednesday, Sept. 4, 2024. WEST MIFFLIN, Pa. — It's one the few things Vice President Kamala Harris and former President Donald Trump agree on: opposing the sale of U.S. Steel to the Japanese company Nippon Steel . "I'm pissed," said Chris Kelly, the mayor of West Mifflin, a small town near Pittsburgh. Kelly, a Democrat, said he was initially skeptical of Nippon buying U.S. Steel, which operates plants in West Mifflin and surrounding communities known as the Mon Valley. "I couldn't agree more with President Biden," she said.

Persons: Edgar, Kamala Harris, Donald Trump, they're, Chris Kelly, everybody's, Kelly, — Kelly, I've, Joe Biden, United States hasn't, Biden —, Biden, Harris Organizations: United States Steel Corp, Edgar Thomson Works, WEST MIFFLIN, Steel, Nippon Steel, steelworkers, West, Nippon, U.S . Steel, NBC News, The Washington Post, White, Foreign Investment, America steelworkers Locations: Braddock , Pennsylvania, Pa, U.S, Pennsylvania, West Mifflin, Pittsburgh, Mon, United States

☆ L3Harris CEO on subcontracting with Palantir, global geopolitical risks and defense sector outlook
▼ + stars: | 2024-09-05 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailL3Harris CEO on subcontracting with Palantir, global geopolitical risks and defense sector outlookChris Kubasik, L3Harris Technologies CEO, joins 'Closing Bell: Overtime' to discuss subcontracting with Palantir, global geopolitical risks and defense sector outlook.

Persons: Chris Kubasik Organizations: L3Harris

☆ McDonald’s is giving its McFlurry a makeover
▼ + stars: | 2024-09-04 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Nearly a year after McDonald’s ditched the hollow plastic spoon, more changes are coming for the McFlurry. McDonald’s set a goal in 2018 to reduce greenhouse gas emissions from its offices and restaurants by 36% between 2015 and 2030. In 2023, McDonald’s phased out the McFlurry plastic spoon, which doubled as a spindle that inserted into a machine to mix in the toppings. Also rolling out next week is a smaller McFlurry serving size, called the Mini McFlurry, for customers looking for a petite or more budget-appeasing dessert option. Adding more value-minded items, like a Mini McFlurry, could help McDonald’s reposition the chain as a source for budget-friendly food.

Persons: McDonald’s, Chris Kempczinski, “ Organizations: New, New York CNN Locations: New York

WASHINGTON — Multiple members of the Kennedy family denounced Robert F. Kennedy Jr.'s decision to endorse former President Donald Trump, calling the move a "betrayal." "Our brother Bobby's decision to endorse Trump today is a betrayal of the values that our father and our family hold most dear. The statement includes signatures from Kathleen Kennedy Townsend, Courtney Kennedy, Kerry Kennedy, Chris Kennedy and Rory Kennedy. Joe Kennedy III, a grandson of Robert F. Kennedy, reacted to the statement, sharing it on X and writing that it was "well said." Robert F. Kennedy Jr. announced on Friday that he would withdraw from the presidential race and back Trump.

Persons: WASHINGTON —, Kennedy, Robert F, Kennedy Jr, Donald Trump, Harris, Walz, Trump, Kathleen Kennedy Townsend, Courtney Kennedy, Kerry Kennedy, Chris Kennedy, Rory Kennedy, Joe Kennedy III, Jack Schlossberg, RFKjr, Kamala Harris, John F, Joe Biden, Jen O'Malley Dillon Organizations: WASHINGTON, Trump, Democratic Party Locations: America, Ukraine

The FBI said Monday afternoon that it is investigating what the Trump campaign has characterized as a successful effort to hack into its campaign and steal private documents. A Trump campaign spokesperson said Saturday that it had been hacked in June. The claim from the Trump campaign adds to what had already been a deeply antagonistic relationship between Iran and the former president. The apparent hack of Trump campaign files echoes the 2016 Russian campaign against Hillary Clinton, but so far seems notably less elaborate in distributing the hacked files. There is no apparent similar distribution system for the hacked Trump files, at least so far.

Persons: Trump, Hillary, Hillary Clinton’s, Donald Trump, Chris Krebs, SentinelOne, ”, Krebs, Qassem Soleimani, Adam Schiff, ” Schiff, Schiff, Hillary Clinton, Simin Kargar Organizations: FBI, Politico, The Washington Post, The New York Times, NBC News, Microsoft, United Nations, Democratic National Committee, U.S, Republican, Infrastructure Security Agency, Biden, Iran’s, Former U.S, Rep, House Intelligence Committee, Intelligence, Democratic, Trump, WikiLeaks, Atlantic, Forensic Research Locations: Russia, China, Iran, Tehran, U.S, Romanian

☆ Restaurant CEOs’ new favorite word is value as they aim to bring back customers
▼ + stars: | 2024-08-11 | by ( Amelia Lucas | ) www.cnbc.com time to read: +6 min

"The word 'value' has received a lot of airtime in the past few months," Josh Kobza, the CEO of Burger King parent company Restaurant Brands International , said on Thursday. Value for shareholdersA drive-through area of a Burger King restaurant in Peoria, Ill. Daniel Acker | Bloomberg | Getty ImagesCompanies aren't just thinking about offering value for customers — they're also thinking about shareholder value. For example, Burger King was one of the first chains to unveil a $5 value meal this summer. When its rivals followed suit with their own $5 discount deals, the Restaurant Brands chain didn't see any clear impact to its business. "There are actually some positives to the focus on value across the industry," Restaurant Brands' Kobza told CNBC.

Persons: Mario Tama, McDonald's, Josh Kobza, Burger, There's, Taco Bell, Papa, Ravi Thanawala, Chris Kempczinski, Richa Naidu, Kempczinski, it's, Brian Niccol, Adam Jeffery, Niccol, John Peyton, IHOP, It's, Peyton, Daniel Acker, — they're, They're, Burger King, Kobza Organizations: Getty, Taco Bell, Yum Brands, Restaurant Brands, Bureau of Labor Statistics, Burger King, Reuters, Grill, CNBC, Brands, Peoria , Ill, Bloomberg, Starbucks, U.S Locations: Burbank , California, Burger King, Oak Brook , Illinois, Peoria ,

LAS VEGAS — At the largest hacker conference in the world this week, some turned out for a rare overtly partisan event: a fundraiser for presumptive Democratic presidential nominee Kamala Harris. Organizers said the “Hackers for Harris” event, held late Thursday afternoon in a convention center bar at DEF CON, brought in more than $150,000 in pledged donations — a small amount compared to Harris’ recent hauls, but the largest political fundraiser in the conference’s 31-year-history. The hackers’ enthusiasm for Harris contrasts with how much a different tech sector, the cryptocurrency industry, has embraced former President Donald Trump. Some of Trump’s allies drastically misrepresented DEF CON’s findings about election cybersecurity in their failed attempts to prove he had actually won the 2020 election. Last year, Rep. Andy Biggs, R-Ariz., introduced a failed amendment to stop paying the salary of a relatively unknown career CISA election cybersecurity official.

Persons: Kamala Harris, Harris, Kemba Walden, Trump, Joe Biden’s, Jake Braun, “, Biden, ” Walden, Hillary, Donald Trump, cryptocurrency, Chris Krebs, Andy Biggs, gutting CISA, Walden, —, unapologetically, ” Organizations: VEGAS, Democratic, DEF CON, Biden, DEF, White, NBC News, POLITICO, Republican, Infrastructure Security Agency, U.S, Heritage Foundation

☆ Here's how Kamala Harris' running mate Tim Walz could help shape the child tax credit
▼ + stars: | 2024-08-06 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Tim Walz, seen in Washington, D.C., on July 3, 2024, and Vice President Kamala Harris, seen in Washington, D.C., on July 22, 2024. Jim Watson, Chris Kleponis | AFP | Getty ImagesHow Minnesota's child tax credit stacks upHow Walz could shape federal policyAs a key priority for Walz, Minnesota's child tax credit upgrades were the single biggest line item in his latest supplemental budget. The policy could resurface to support an expanded federal child tax credit on the presidential campaign trail. Still, while Walz enacted state tax breaks like other governors, "he was able to turn the dial up a few extra notches," Auxier said. "The child tax credit is probably the most obvious example."

Persons: Tim Walz, Kamala Harris, Jim Watson, Chris Kleponis, Walz, Richard Auxier, Auxier Organizations: Minnesota Gov, Washington , D.C, AFP, Getty, Urban, Brookings Tax, Center, Democratic Locations: Minnesota, Washington ,

“I think folks think it’s Trump reverting to his Id,” a longtime Republican communications adviser said. “The momentum is with Vice President Harris, and we just need to work our hearts out until Election Day,” Rep. Ro Khanna, D-Calif., said. “We have multiple pathways to 270 electoral votes,” Dan Kanninen, battleground states director for the Harris campaign, said of the threshold for winning the electoral college. Project 2025, which had been attacked by Democrats, announced that it would stop working on policy after taking criticism from the Trump campaign. “Crazy Kamala is saying she’s Indian, not Black,” Trump wrote on social media.

Persons: Donald Trump, Kamala Harris, Joe Biden, Harris, Ohio Sen, JD Vance, National Association of Black Journalists —, —, Trump, ”, Andrew Hitt, “, Kamala, he’s, Sen, Tom Tillis, Biden, Vance, President Harris, Ro Khanna, ” Harris, Chris Kofinis, Hillary Clinton, Ed McMullen, It’s, ” Trump, “ I’ve, Harris ’, it’s, “ Harris, ” Dan Kanninen, ” Kofinis, Lauren Hitt, ” Hitt, Dave McCormick, Democratic Sen, Bob Casey, Jon Tester, Sherrod Brown, Sherrod Brown of Ohio, Brown, Black, rallygoers, Laura Loomer, Mindy Kaling Organizations: Ohio, National Association of Black Journalists, Republican Party of Wisconsin, Trump, NBC, Republican, Democratic, Democratic Party, Republican National Committee, Biden, Washington Post, ”, Trump stewing, Democratic National Convention, GOP, Democrats, Sun, Republicans, Immigration, Customs Enforcement, National Republican, Committee, Democratic Sens, Black, U.S . Senate Locations: Chicago, Harris, Trump, Pennsylvania, Wisconsin, African American, Switzerland, St, Cloud , Minnesota, West, Wisconsin , Michigan, Georgia, Arizona, North Carolina, Nevada, Michigan, Sherrod Brown of, Minnesota

That level of intensity in a short period of time necessitated a crew of hardened professionals, several sources with knowledge of Harris' strategy said. Next week, a major campaign swing, then the convention and then it’s the debate,” one person with knowledge of Harris’ strategy said. Mitch Stewart will act as a senior adviser on battleground states, and Palmieri will serve as senior adviser to the second gentleman. “In Wisconsin, we have had more online volunteer sign-ups since July 21st than between January 1st and July 20th,” a Harris campaign aide said. “That’s a game-changer to a ground game in a small state like Nevada,” Molly Forgey, a Nevada Democratic strategist, said.

Persons: Kamala Harris ’, David Plouffe, Barack Obama’s, Stephanie Cutter, Jennifer Palmieri —, Harris, Joe Biden’s, Mike Donilon, Steve Ricchetti, Obama, Mitch Stewart, Palmieri, Brian Fallon —, ”, Pete Giangreco, Biden, Trump, “, Cutter, Jen O’Malley Dillon, Julie Rodriguez, “ Harris, Molly Forgey, Forgey, there’s, —, Chris Korge, he's Organizations: Democratic, White, Trump, “, Democratic National Committee, Democratic Congressional, Committee, ”, Nevada Democratic Locations: “, Arizona, Nevada, Wisconsin, “ In Wisconsin, Philadelphia, ” In Nevada

☆ McDonald's says fast food sales are suffering most in California
▼ + stars: | 2024-08-01 | by ( Grace Dean | ) www.businessinsider.com time to read: +1 min

McDonald's says fast food sales are suffering most in California. McDonald's raised menu prices in CA to offset the state's $20 minimum wage for fast-food workers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMcDonald's CEO says fast food sales are suffering in California as menu prices increased to offset the state's $20 minimum wage for fast-food workers. "You're seeing in California, the business there is falling off to a greater degree than what you're seeing in other markets around the US," CEO Chris Kempczinski told CNBC's Squawk Box.

Persons: McDonald's, Kempczinski, —, Chris Kempczinski, CNBC's, We've Organizations: Service, Business Locations: California, CA

☆ McDonald's says its $5 meal deal is just the tip of the iceberg
▼ + stars: | 2024-08-01 | by ( Mary Hanbury | ) www.businessinsider.com time to read: +1 min

Its CEO said in a new interview that its temporary $5 deal is just the start of its refocus on value. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Kempczinski suggested that this deal is just the start of a renewed push into value for the chain. This story is available exclusively to Business Insider subscribers.

Persons: McDonald's, —, CNBC's, Chris Kempczinski, Kempczinski Organizations: Service, Business

☆ Watch CNBC's full interview with McDonald's CEO Chris Kempczinski
▼ + stars: | 2024-07-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with McDonald's CEO Chris KempczinskiChris Kempczinski, McDonald’s president and CEO, joins 'Squawk Box' to discuss the company's quarterly earnings results, state of the consumer, rollout of the $5 value menu, impact of minimum wage increase in California, and more.

Persons: Chris Kempczinski Chris Kempczinski Locations: California

☆ McDonald's CEO on state of the consumer: Seeing category slowdown from almost every major market
▼ + stars: | 2024-07-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMcDonald's CEO on state of the consumer: Seeing category slowdown from almost every major marketChris Kempczinski, McDonald’s president and CEO, joins 'Squawk Box' to discuss the company's quarterly earnings results, state of the consumer, rollout of the $5 value menu, impact of minimum wage increase in California, and more.

Persons: Chris Kempczinski Locations: California

☆ Here's everything you need to know about the Fed decision coming Wednesday
▼ + stars: | 2024-07-30 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

Market pricing currently indicates an absolute certainty that the Fed will approve its first reduction in more than four years — when it meets Sept. 17-18. They don't want investors to start pricing in a rate cut coming in September and there's literally nothing else that could possibly happen," he said. "Opening the door for that rate cut is probably the most appropriate thing for them at this point," Reynolds added. Expectations for easingGlenmede expects that starting in September, the Fed could cut at each of the three remaining meetings. The Fed will not provide an update on its quarterly summary of economic projections at this meeting.

Persons: Jerome Powell, Chris Kleponis, they've, Michael Reynolds, Reynolds, there's, it'll, Powell, Goldman Sachs, David Mericle, Mericle, Bill English, We've Organizations: Banking, Housing, Urban, Capitol, AFP, Getty, Glenmede, Fed Locations: Washington ,, Yale, Jackson Hole , Wyoming

☆ McDonald's has started selling an even bigger burger — the 14-ounce Big Arch
▼ + stars: | 2024-07-30 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

The burger contains two beef patties, three slices of white processed cheese, crispy onions, raw onions, pickles, lettuce, and a new Big Arch sauce in a sesame seed bun, per a description of the burger on the McDonald's Portugal website. Advertisement"It's a quintessential McDonald's burger with a twist on our iconic familiar flavors," he said. The burger weighs 395 grams (about 14 ounces) and contains 1,065 calories, per McDonald's Portugal. "We thought the opportunity was about premium burger which was wrong," CFO Ian Borden said earlier this year. Another part of the plan included McDonald's launch of its "Best Burger" strategy last year, changing its burgers' ingredients and how they're cooked.

Persons: —, It's, Chris Kempczinski, Kempczinski, McDonald's, it's, Borden, Ian Borden Organizations: Service, Business Locations: Canada, Portugal, Ontario, Alberta, Lisbon

☆ McDonald's executives admit diners think prices are too high, say they're working to create value
▼ + stars: | 2024-07-29 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +3 min

McDonald's executives acknowledged Monday that diners consider the company's prices too high as lower-income consumers balk after years of high inflation. During the company's second-quarter earnings call Monday, executives said they are taking a "forensic approach" to evaluating prices and trying to create value. We are working to fix that with pace," McDonald's CEO Chris Kempczinski said on the company's earnings call. The offer also began to increase guest count growth, but it has not yet translated into sales increases, company executives said on the call. The $5 value meal was rolled out only days before the second quarter ended.

Persons: Chris Kempczinski, Kempczinski, Joe Erlinger, Erlinger, we've, — CNBC's Amelia Lucas, Kate Rogers Locations: U.S, Placer.ai

☆ McDonald's just admitted that it's too expensive, and it's driving some customers away
▼ + stars: | 2024-07-29 | by ( Grace Dean | ) www.businessinsider.com time to read: +1 min

McDonald's says that high prices have contributed to its falling sales. He said customers are looking for more deals and either buying fewer items per order or cheaper items. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMcDonald's just admitted that its food is too expensive, contributing to falling sales at the fast-food giant. This story is available exclusively to Business Insider subscribers.

Persons: McDonald's, —, Chris Kempczinski Organizations: Global, Service, Business

☆ The reason why McDonald's stock is soaring despite a big earnings miss: Value meals
▼ + stars: | 2024-07-29 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

McDonald's global comparable sales fell 1% year-over-year last quarter, missing analyst estimates. The company plans to focus on value going forward as low income customers grow weary from inflation. McDonald's same-store sales fell 1% in the most recent quarter, marking the first decrease in same-store sales since 2020. Its net income for the quarter fell to $2.02 billion, down from $2.31 billion the year before. Low income customers, in particular, are shying away from fast food as inflation soas.

Persons: —, McDonald's, Chris Kempczinski, Joe Erlinger, Kempczinski Organizations: Service, Consumers Locations: New York, McDonald's, U.S

☆ Americans keep turning their backs on McDonald’s
▼ + stars: | 2024-07-29 | by ( David Goldman | ) edition.cnn.com time to read: +5 min

CNN —Inflation has caught up with McDonald’s, and budget-conscious Americans are looking elsewhere for their fast-food fix. The tough environment for McDonald’s wasn’t limited to the United States: Sales at stores open for at least a year fell 1% globally. The plan focuses on value meal plans like the popular $5 meal introduced earlier this summer. He pointed to McDonald’s new emphasis on chicken, which is now on par with beef sales at restaurants. Whether or not that viral post was the final straw for McDonald’s customers, Americans have been punishing the company ever since.

Persons: McDonald’s, McDonald’s isn’t, Grimace’s, ”, Chris Kempczinski, hadn’t, Kempczinski, “, ” Kempczinski, — Organizations: CNN, Inflation, McDonald’s Locations: Burger, United States, Connecticut

☆ 10 boy bands and singers who were discovered by Lou Pearlman, the disgraced music manager who inspired the new docuseries 'Dirty Pop'
▼ + stars: | 2024-07-24 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +2 min

The band released their self-titled debut album in 1997, which peaked at No. In other words, the parties reached an undisclosed settlement and Trans Continental released *NSYNC from their contractual obligations. The following year, *NSYNC released their first album with Jive, "No Strings Attached." It sold over 2 million copies in its first week and spawned hits like "Bye Bye Bye" and "It's Gonna Be Me." "After we left Lou, we had a record that was huge," Kirkpatrick says in "Dirty Pop" episode two.

Persons: Pearlman, Chris Kirkpatrick, Timberlake, Joey Fatone, Lance Bass, JC Chasez, Kirkpatrick, Lou Organizations: Madison, Garden, Brands, Backstreet, Pepsi, RIAA, Guardian, Trans

“The award of $464 million in a case with no victims, no proven injuries, and no losses is not remotely defensible,” Trump’s lawyers wrote. According to Trump’s attorneys, Trump personally should have been dismissed as a defendant. The Trump attorneys accused Engoron of enacting a “punitive” penalty against the former president that was unconstitutional. Just like at trial, Trump’s lawyers in particular took issue with a reference in Engoron’s summary judgment opinion that Trump’s Mar-a-Lago resort was valued at $18 million. During the trial, Engoron said that he was not trying to assess the value of the property when he referenced the tax assessor value.

Persons: Donald Trump, Arthur Engoron, Trump, – Donald Trump Jr, Eric Trump –, “, ”, Engoron, Ivanka Trump, Letitia James, Trump’s, Lago, Chris Kise, ” Kise Organizations: CNN, New, Trump Organization, Post, Trust, New York, Trump, Post Office Locations: York, New York, Washington ,, Manhattan, Lago

☆ The 'Trump trade' is on pause. Political uncertainty is now in the driver's seat
▼ + stars: | 2024-07-21 | by ( Jim Cramer | ) www.cnbc.com time to read: +11 min

It didn't take long to remember what a second Donald Trump presidential term would mean for the stock market, did it? He talked about how interested he was in the stock market and that he wanted his kids to learn so they watched my show together. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Donald Trump, Mike Pence, Sen, JD Vance, Mary Elizabeth Lease, Joe Biden, Biden's, Trump, Biden, let's, Kamala Harris, Doug Emhoff, —, Harris, that's, Lina Kahn, Jonathan Kanter, Vance, Mark Spitznagel, Spitznagel, Bristol Myers, ., Jim Cramer's, Jim Cramer, Jim, Chris Kleponis Organizations: Republican, Populist Party, Democratic Party, Devices, Nvidia, Biden, White House, Democratic, White, Big Tech, Federal Trade Commission, Biden Democrat, Trump, Nasdaq, Street, Universa Investments, Yahoo, America, Microsoft, Google, Palo Alto Networks, Palo Alto, Starbucks, Apple, PepsiCo, Myers Squibb, Pepsi, Jim Cramer's Charitable, CNBC, US, Afp, Getty Locations: Ohio, China, U.S, Taiwan, idiocy, Bristol, . Horton, Washington ,, Pennsylvania

☆ A pause to the 'Trump trade': The stock market impact if Joe Biden drops out of election
▼ + stars: | 2024-07-19 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

"Should Biden leave the race, we would not immediately change our electoral odds (60% Trump vs. 40% Biden/Dem). However, we would note that the policies of a potential Harris administration would largely align with those of President Biden," Mills said. "The primary market moves on election night will come through the equity side as a result of significant regulatory policy divergences. Under a Biden win, it will be status quo in markets. With a Trump win, [stocks] will get some serious legs," Jefferies chief market strategist David Zervos said in a Friday note to clients.

Persons: Joe Biden, Donald Trump, Biden, Raymond James Washington, Ed Mills, Stocks, Trump, Harris, Mills, MAGA, TD Cowen, Chris Krueger, David Zervos Organizations: NBC, Trump, Biden, Federal, Democratic, Traders, Republican, Democratic Party, GOP, Senate, Jefferies

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