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CNN —Pick one word to describe Republicans and Donald Trump, the focus group moderator asked, and one word to describe Democrats and Kamala Harris. “Donald Trump is a uniquely more popular figure, but what is it about him that makes him that way? Former President Donald Trump gestures during a campaign rally in Waco, Texas, on March 25, 2023. But what Democrats face is much deeper than the usual finger-pointing by a losing campaign or speculation about the next set of presidential primary candidates. It goes beyond easy comments about talking more to the working class when Democrats lost ground among nearly every demographic in the presidential race.
Persons: Donald Trump, Kamala Harris, , , hadn’t, Harris, Joe Biden, she’d “, what’s, Hillary Clinton, JB Pritzker, “ Donald Trump, Barack Obama, Obama, Leah Millis, Vermont Sen, Bernie Sanders, David Plouffe, Biden, Jen O’Malley Dillon, Stephanie Cutter, ’ ”, Pat Ryan, Marie Gluesenkamp Perez, Republican she’d, “ It’s, ” Gluesenkamp Perez, ” Harris, Hannah McKay, weren’t, Joe Rogan, Rogan, Trump, Sanders, – Pritzker, Tim Walz, Gavin Newsom, Hakeem Jeffries, Angie Craig, we’ve, Craig, She’s, ’ ” Craig, Gluesenkamp Perez, Joe Morelle, Josh Shapiro’s, Chris Deluzio, Democratic Sen, Bob Casey, ” Deluzio, David Goldman, Bill Clinton, Jimmy Carter, hasn’t, George W, Bush’s, Levi Strauss, Daniel Lurie, London Breed, Harris ’, Oprah Winfrey, Ryan Organizations: CNN, Trump, Democratic, Gov, Biden, Lone Star, Electoral, Reuters, New York Democrat, Republican, Howard University, Tuesday, Trumpism, California Gov, Minnesota, Twin, Democrats, New York Rep, Pennsylvania Gov, Pennsylvania, London, Democratic Party Locations: Pennsylvania, Illinois, Michigan, Lone Star State, Washington, , Texas, Waco , Texas, Vermont, Hudson Valley, , Wilmington , Delaware, America, Minnesota, Twin Cities, Pittsburgh, Dearborn , Michigan, Grant Park, New York
Here are eight top places to invest, based on insights from seven market strategists. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . A robust, multi-year bull market rally for US stocks reached another gear after the businessman-turned-politician won the presidential election. Traders are convinced that the bulk of Trump's economic policies, which include tax cuts and fewer government regulations, will create a business-friendly backdrop that drives stocks higher. AdvertisementThe world is awash with cash, making scarce assets like gold and bitcoin more valuable, and Thorne also noted that global economic growth is slowing.
Persons: Donald Trump's, , Donald Trump, David Bahnsen, Kamala Harris, Jeff Schulze, John Maynard Keynes, Anthony Saglimbene, Keynes, Schulze, Saglimbene, Jim Baird, Plante, Sébastien, Rowe Price, Page, Sean Gallagher, Gallagher, Ameriprise, Bahnsen, Jim Thorne, who's, Thorne, Trump Organizations: Investors, Service, Business, Street Global Advisors, ClearBridge Investments, Trump, Financial, Tech, Federal Trade Commission Locations: Trump's, ClearBridge, Canada, Wellington, Altus
Tuesday Home Depot is set to report earnings in the premarket. What history shows: Data from Bespoke Investment Group shows Home Depot has beaten earnings expectations for 17 straight quarters. What history shows: Live Nation shares have risen after the last four earnings releases, per Bespoke. What history shows: Disney has not done well following the last two releases, losing 4.5% and 9.5%, respectively. Applied Materials is set to report earnings after the open.
Persons: LSEG, Michael Lasser, Morgan Stanley, Walt Disney, Michael Morris Organizations: Depot, Disney, CNBC, UBS, Home, Investment Group, Consumer, VanEck Semiconductor
View of the White House as the sun sets the day after the Presidential election, in Washington, DC on November 6, 2024. President Joe Biden will host President-elect Donald Trump for a traditional postelection meeting in the Oval Office on Wednesday, the White House said Saturday. But Trump, a Republican, did not host Biden, a Democrat, for a sit-down after the 2020 election, when Trump lost his reelection bid. Trump is the first former president to return to power since Grover Cleveland regained the White House in the 1892 election. The White House said Biden called Trump this past Wednesday to congratulate him and invite him to meet in the Oval Office.
Persons: Joe Biden, Donald Trump, Trump, Biden, Kamala Harris, Grover Cleveland Organizations: Republican, Democrat, Trump Locations: Washington , DC
The reality is that both parties learn lessons from losing elections that apply only in the short term — say, from one presidential election to the next midterm or from one midterm to the next presidential election. Not anymore — it’s why Democrats usually overperform in special elections, with more devoted “every election” voters right now. Meanwhile, in the non-battlegrounds, which were more affected by the basic “mood music” of the election, Democrats were shellacked. The seeds of discontent with this version of the Democratic Party can be traced back a decade to Obama’s decision to anoint Hillary Clinton as his successor. Democratic presidential candidates Hillary Clinton and Sen. Bernie Sanders, I-Vt., at the CNN Democratic presidential primary debate in New York City on April 14, 2016.
Persons: inbox, It’s, Donald Trump, Devin Yalkin, doesn’t, Karl Rove, Barack Obama, Joe Biden’s, Biden, Bill Clinton, Obama, Clinton, Harris, Court's Dobbs, Dobbs, Trump, I’m, Kamala Harris, Morry Gash, hadn't, misfired, Deb Fischer, Dan Osborn, Osborn, Josh Shapiro, wasn’t, Harris wouldn’t, They’ve, Franklin D, Roosevelt, John F, Kennedy, Lyndon B, Johnson, Hillary Clinton, he’d, Sen, Bernie Sanders, Justin Sullivan, Democratic Party didn’t, Sanders, Bernie Bros, Joe Rogan, , didn’t, nitpick, , Bob Dole, Al Gore, John Kerry, John McCain, Mitt Romney, What's, Elon, MAGA, Michael Dukakis Organizations: NBC, Trump, Democratic, Democratic Party, Biden, GOP, Democrats, Social Security, Senate, Electoral, Massachusetts Democrat, San, San Francisco Democrat, CNN Democratic, Clinton, Obama, Trump bros Locations: West Palm Beach, Fla, Plenty, , Pennsylvania, Georgia, Arizona , Nevada , Michigan, Wisconsin, Madison, Wis, America, Texas, Massachusetts, San Francisco, New York City, Trump, Iowa, Clinton
People visit a riverside in front of the Lujiazui financial district, during the National People's Congress (NPC) in Shanghai, China, March 7, 2023. Aly Song | ReutersAsia-Pacific markets were set to climb on Tuesday, after the U.S. Federal Reserve cut interest rates by 25 basis points and major U.S. indexes continued their postelection rally. In Japan, the country will be releasing spending data for September, which will offer clues to the policy path ahead for the Bank of Japan. Strong spending data would support the case for the BOJ to raise rates, and vice versa. If stocks follow futures, the Hong Kong index will hit its highest level in about a month.
Persons: Aly Song, Australia's Organizations: National People's Congress, Reuters, U.S . Federal Reserve, China's National People Congress, Bank of Japan, Nikkei Locations: Shanghai, China, Reuters Asia, Pacific, U.S, Asia, Japan, Chicago, Osaka, Hong Kong
Treasury yields have ripped higher of late, even as the Federal Reserve continues to cut rates. The benchmark 10-year Treasury note yield has soared nearly 70 basis points to 4.3% since mid-September, when the Fed cut rates by a half-point. Despite the Fed's latest action, the incoming Trump administration is likely to keep yields elevated, according to Ned Davis Research. Dimitrova noted that rising debt-to-GDP ratio has been closely linked with higher bond yields. The question for investors now is: How long until higher yields start putting pressure on equities?
Persons: Trump, Ned Davis, Veneta, Dimitrova, Goldman Sachs, BNTX Organizations: Federal Reserve, Ned Davis Research
Inflation data in the week ahead could determine whether a stock market that surged to all-time highs after Donald Trump 's decisive victory can continue to push higher. Meanwhile, the October producer price index, which excludes shelter, is set to have risen 0.3%, consensus estimates show, up from a 0.0% reading the prior month. Initial Claims (11/09) 8:30 a.m. Producer Price Index (October) Earnings: Applied Materials , Walt Disney Friday, Nov. 15 8:30 a.m. Export Price Index (October) 8:30 a.m. Import Price Index (October) 8:30 a.m.
Persons: Donald Trump, Hogan, We've, Nancy Tengler, Bitcoin, Harker, Tyson, Price Organizations: Federal Reserve, Riley Wealth Management, FactSet, Laffer, Investments, Trump, Dow Jones, Nasdaq, Atlanta Fed, Treasury, Philadelphia Reserve, Carnegie Mellon, Occidental Petroleum, Nation Entertainment, Tyson Foods, Mosaic, Treasury Budget NSA, Cisco Systems, Walt Disney, Price, Retail, Manufacturing Locations: China, U.S
Nasdaq CEO Adena Friedman on Trump's policy impact
  + stars: | 2024-11-08 | 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 EmailNasdaq CEO Adena Friedman on Trump's policy impactAdena Friedman, Nasdaq CEO, joins 'Money Movers' to discuss how the election changes Friedman's outlook, if the postelection stock bounce was justified, and much more.
Persons: Adena Friedman Organizations: Nasdaq
Bitcoin is just getting started after its postelection rally, according to Fundstrat's Tom Lee, and is still on track to hit six figures by the end of the year. "I think because [it's] post-halving and now bitcoin is becoming a lot more relevant ... the regulatory overhang is diminishing — that there's a lot of upside from here." The flagship cryptocurrency climbed to fresh records this week after President-elect Donald Trump' s victory, which was widely anticipated as a bullish catalyst for the crypto industry at large. During Trump's campaign for reelection he promised the crypto industry a more favorable regulatory environment that would include appointing a more crypto-friendly leader to chair the Securities and Exchange Commission. Bitcoin is up 79% this year, compared with the S & P 500's 25% gain.
Persons: Bitcoin, Tom Lee, Donald Trump, It's, Lee, JD Vance, Vivek Ramaswamy, Cantor Fitzgerald, Howard Lutnick, Robert Kennedy Jr, it's, Sen, Elizabeth Warren, Biden, Gary Gensler Organizations: Treasury, Securities and Exchange Commission, SEC
Kent Nishimura | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Powell, in yesterday's press conference, maintained that "the election will have no effect on our policy decisions." "By December, we'll have more data, I guess one more employer report, two more inflation reports and lots of other data," Powell said. — CNBC's Jeff Cox, Lisa Kailai Han, Hakyung Kim, Jesse Pound and Alex Harring contributed to this report.
Persons: Jerome Powell, Kent Nishimura, Jim Reid, Trump, Scott Helfstein, Powell, we'll, that's, , Jeff Cox, Lisa Kailai Han, Hakyung Kim, Jesse Pound, Alex Harring Organizations: FTSE, Federal, CNBC, Deutsche, Tech, Apple, Nvidia, Nasdaq, Dow Jones, Global, Congress, Fed Locations: GDAXI, Washington, Washington , DC
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, the Fed cutting interest rates yesterday was never really in doubt . Additional rate cuts aren't as clear, though, as Donald Trump's proposed widespread tariffs could slow down the Fed's plans . The market is indicating inflation could lead the Fed to keep borrowing rates high. AdvertisementGreg McBride, chief financial analyst at Bankrate.com, told Insider Today that Fed Chair Jerome Powell didn't indicate a pause in cuts was coming in December during Thursday's press conference.
Persons: , MANDEL NGAN, Chelsea Jia Feng, Donald Trump's, Paul Krugman, It's, Chip Somodevilla, Greg McBride, Jerome Powell didn't, Powell, McBride, There's, Dominique Lapointe, Lapointe, Trump, ANGELA WEISS, Morningstar, Trump's, Dave Sekera, Goldman execs, Goldman Sachs, David Solomon, Donald Trump, Jenny Chang, Rodriguez, Elon Musk, David Zaslav, Zaslav, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Ella Hopkins, Amanda Yen, Milan Sehmbi Organizations: Business, Service, Getty Images, BI, Federal Reserve, Treasury, Fed, Manulife Investment Management, Morningstar, Elon, Trump, Keystone State, Big Tech's, Walmart, Target, Costco, Big Media, Warner Bros, Discovery, Paramount, Sony Locations: AFP, China, Pennsylvania, New York, London
Andrew Caballero-Reynolds | AFP | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Powell, in yesterday's press conference, maintained that "the election will have no effect on our policy decisions." According to the futures market, just 30.4% of traders think the Fed will cut rates again in January. "By December, we'll have more data, I guess one more employer report, two more inflation reports and lots of other data," Powell said.
Persons: Jerome Powell, William McChesney Martin Jr, Andrew Caballero, Reynolds, Jim Reid, Trump, Scott Helfstein, Powell, we'll, that's, , Jeff Cox, Lisa Kailai Han, Hakyung Kim, Jesse Pound, Alex Harring Organizations: Federal Reserve, AFP, Getty, CNBC, Deutsche, Tech, Apple, Nvidia, Nasdaq, Dow Jones, Global, Congress, Fed Locations: Washington , DC
The S&P 500 and Nasdaq rose Thursday, extending Wall Street’s rally in the wake of President-elect Donald Trump’s victory, as traders weighed the latest rate cut from the Federal Reserve. The S&P 500 gained 0.74% to close at a record high of 5,973.10. The S&P 500 jumped 2.53% for its best post-election day in history. Those big swings were the backdrop for the Federal Reserve’s interest rate cut Thursday afternoon. “The balance of risks gives the Fed ample room to lower the Fed Funds rate well into 2025.
Persons: Donald Trump’s, Trump’s, Jerome Powell, , Jamie Cox, Trump, Tony Roth, we’ve, ” Roth, JPMorgan Chase Organizations: Nasdaq, Federal Reserve, Dow Jones, Dow, Treasury, Harris Financial, Wilmington Trust, , Big Tech, Apple, Nvidia, JPMorgan, American Express Locations: Wilmington
Traders work on the floor of the New York Stock Exchange during the morning trading on November 07, 2024 in New York City. U.S. stock futures hovered near the flatline Thursday night after the S&P 500 and Nasdaq Composite hit records in a postelection rally and investors weighed the Federal Reserve's latest interest rate cut. S&P 500 futures and futures tied to the Dow Jones Industrial Average added just 0.03% and 0.05% each. The moves higher continue the market rally from Wednesday in the wake of President-elect Donald Trump's victory, during which the Dow and S&P 500 rose to their best days since November 2022. The postelection surge put all three of the major averages are on pace for strong weekly gains, with the S&P 500 up about 4.3% and the Dow higher by nearly 4%.
Persons: Dow, Donald Trump's, Jerome Powell, Scott Helfstein, Trump Organizations: New York Stock Exchange, Nasdaq, Dow Jones, Dow, Global, Republican, Fed Locations: New York City . U.S, Thursday's
Executives focused on hiring told Business Insider that the newfound clarity is already making some employers more willing to post jobs. "Our phone was basically ringing off the hook with companies looking to hire," Lief Larson, CEO of Salesfolks, a staffing firm focused on sales roles, told BI. "We're seeing a pretty healthy number of roles planning to be posted in January, probably more than we even expected," Volberg told BI. A postelection rush to hireAaron Cleavinger, a managing partner at Murdoch Mason Executive Search Group, told BI that he's been "inundated" with new search requests from clients since the election. Rahbar said reductions to immigration could hurt industries beyond agriculture and construction, including tech.
Persons: Donald Trump's, , haven't, Lief Larson, Tim Glowa, Michelle Volberg, who's, Volberg, she's, that's, Kathleen Lin Hurtubise, Hurtubise, Jason Leverant, Leverant, reshoring, Elon Musk, Aaron Cleavinger, they're, Cleavinger, Peter Rahbar, Rahbar Organizations: Service, Aloha Hospitality Professionals, AtWork Group, Tesla, Murdoch
The firm said it sees the S & P 500 soaring to 6,600 by the end of June 2025. Already, Trump's win has spurred a huge stock market rally, with the S & P 500 soaring 2.5% on Wednesday to notch its best postelection day in history. Since 1932, the S & P 500 has averaged a 152% gain over 50 months during bull runs. The strategist listed several stocks Evercore thinks could benefit from a Trump win, and some that could outperform even further from a red sweep. Trump's win "could bring more favorable regulatory environment — and WFC is one of the most regulatory-impacted names given outstanding asset cap," the firm said.
Persons: Donald Trump's, It's, Dow, Julian Emanuel, Elect Trump, Emanuel, Goldman Sachs, Evercore, Tesla, Elon Musk Organizations: ISI, Trump, GOP, Goldman, Palo Alto Networks, Israel, Exxon Mobil, Halliburton Locations: Wells, Wednesday's, Wells Fargo, China, Israel, Russia, Ukraine, cyberattacks
Donald Trump's election victory is set to make the Federal Reserve's job more difficult. His tariff and immigration plans are expected to stoke inflation, complicating the Fed's policy decisions. Trump has also said he'd like a say in setting monetary policy, which would erode Fed independence. Donald Trump's election win brings his vision of hefty trade tariffs and a sweeping immigration crackdown closer to becoming reality. A study from the Peterson Institute of International Economics said interfering with the Fed's independence could cost the economy $300 billion and drive inflation higher.
Persons: Donald Trump's, Trump, , it's, Glen Smith, Smith, Paul Krugman, Trump's, Jerome Powell, Powell Organizations: stoke, Service, Treasury, GDS Wealth Management, Fed, Fed Trump, Peterson Institute of International Economics, Pantheon Macroeconomics, Trump Locations: China
New York Times leaders urged the newsroom to be "unflinching" in its coverage after Trump's election win. Trump has vowed to go after the media if he won a second term. AdvertisementThe New York Times urged its newsroom on Wednesday to be open-minded, fair, and "unflinching" in its coverage after former President Donald Trump's stunning election victory. The memo comes as news organizations across the US ready for a second Trump presidency. Trump has called the media an enemy and pledged to go after certain news organizations if he won a second term.
Persons: Trump, , Donald Trump's, Joe Kahn, Carolyn Ryan, Marc Lacey Organizations: New York Times, Times, Trump, Service, Business, The Times Locations: America
Stocks exploded higher, bonds tanked and crypto boomed to historic peaks, indicating lofty hopes for when the president-elect takes office in January. However, there's still a lot of game left to be played, and the score could change a lot in future days. Essentially, strategists worry Trump's plan for punishing tariffs, higher spending and lower taxes will send bond yields higher, generally a recipe for trouble in stocks. "The question for me is how much can the Trump rally extend in the short term, but it strikes me that selling long positions into a rally makes a good deal of sense." "This suggests an asymmetric risk/reward framework with a much higher probability of downside than upside," said Lisa Hornby, head of U.S. fixed income at Schroders.
Persons: Donald Trump's, Stocks, there's, Mark Dowding, Lisa Hornby Organizations: Trump, RBC Global Asset Management, Federal Reserve Locations: U.S, Schroders
The closest presidential races have brought stronger relief rallies, according to data from past election cycles analyzed by CNBC. The S&P 500 has gone on to gain around 1.5% on average between Election Day and the end of that respective calendar year, data from every presidential matchup since 1980 shows. That average performance shoots up to 3.9% when looking at just the tightest races from that period. NBC News' latest polling shows the contest is neck-and-neck between former President Donald Trump and Vice President Kamala Harris as Americans head to the polls on Tuesday. "Very close elections, like the one we have currently, are usually greeted with a market bounce, irrespective of who wins or the policies they introduce," TS Lombard economist Dario Perkins said in a note to clients.
Persons: Donald Trump, Kamala Harris, Dario Perkins Organizations: CNBC, NBC
"While Democrats continue to interfere in our election and dismantle election safeguards, we are protecting the vote for all Americans." The Trump campaign declined to comment for this story, referring BI to Zunk's statement. Harris' campaign referred BI to a previous interview with a campaign spokesperson discussing litigation strategy. AdvertisementDemocrats, they say, have already intervened in "dozens of baseless Republican lawsuits to debunk their lies and defeat them in court." Advertisement"The Republican litigation strategy doesn't seem to follow any particular rules, but really is an attempt to throw anything against the wall and see if anything sticks," he said.
Persons: Trump, , Donald Trump, Kamala Harris, John Hardin Young, Sandler Reiff Lamb, Young, Harris, Claire Zunk, Dana Remus, Joe Biden's, Monica Guardiola, Marc Elias, Patrick T, Fallon, Sophia Lin Lakin, Lakin, graf, Jason Torchinsky, Holtzman Vogel, Torchinsky, Elias, It's Organizations: Republicans, Democrats, Service, Republican, Democratic, Trump, Republican National Committee, RNC, Trump Republicans, Business, White, Democratic National, District of Columbia, Stanford, MIT, American Bar Association, Getty, Appeals, American Civil Liberties Union, The ACLU Locations: Washington, Georgia, Pennsylvania, Michigan, North Carolina
The United States is preparing for civil unrest surrounding the election. Election Day itself isn't as high of a risk as the postelection period, analysts say. AdvertisementThe turmoil that took place after the last US presidential election has left its mark. In the final stretch before Election Day, it seems like everyone — from voter advocacy groups and election officials to risk management and security companies — is preparing for civil unrest. The company said the peaceful 2022 midterm elections showed that the threat of civil violence remained comparatively low.
Persons: midterms, , Kamala Harris, Donald Trump, Glen, Kucera, Rachel Brown, Brown, Jenny Kane, Chris Crawford, Verisk, Maplecroft, Robert Munks, Munks, Trump, Harris Organizations: Service, Allied Universal, National Task Force, Protect Democracy, United Locations: States, Washington and Oregon, Clark County , Washington, Portland , Oregon, Portland, United States, Brazil, Colombia, Chile, South Africa, France, Greece, Spain, Europe, New York, Los Angeles, Chicago, Houston, Americas
“There’s no white knight coming,” a federal law enforcement official told NBC News, speaking on the condition of anonymity to describe the posture of federal authorities in the coming weeks, after Election Day. Law enforcement officials across the country said they believe the 2024 election will have a more sustained drumbeat of partisan rhetoric and disinformation than the 2020 election. The FBI has also set up a National Election Command Post at headquarters specifically to focus on election threats, as is standard practice in an election year. Two law enforcement officials expressed some concern that a federal response to any serious election issues could be chaotic and involve a “hodgepodge” of different state, local and federal law enforcement agencies and local election entities. Four other current and former law enforcement sources said they worried that disinformation and conspiracy theories could affect some segments of the law enforcement community, especially in parts of the country where Trump has significant support.
Persons: Donald Trump, Trump, “ We’ve, Rebecca Weiner, , Attorney General Merrick Garland, , General Merrick Garland, Chip Somodevilla, Jan, — “, Garland, Department’s, Organizations: WASHINGTON —, U.S . Capitol, NBC News, New York Police, Democrat, FBI, Justice Department, Trump, Infrastructure Security Agency, The Justice Department, Department, Attorney, Getty, Law, Department of Homeland Security, Capitol, Force Locations: , U.S, ” Federal, China, Iran, Russia, stoke
A postelection America worries U.S. billionaire Ray Dalio, who called for reforms numerous times amid a political landscape strife with what he views as irreconcilable differences between both Democratic and Republican parties. "Both of the candidates worry me," Dalio told CNBC. I think there needs to be a bringing of Americans together, that middle of that, and making great reforms. … There needs to be a strong leader of the middle, I believe, that makes great reforms. Dalio noted that Republican presidential candidate Donald Trump is "a lot more capitalist" than Democratic candidate Kamala Harris, and therefore better for domestic capital markets.
Persons: Ray Dalio, Dalio, Donald Trump, Kamala Harris Organizations: Democratic, Republican, Future Investment Initiative, Bridgewater Associates, CNBC Locations: America, Saudi Arabia
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