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Welcome to the online version of From the Politics Desk, an evening newsletter that brings you the NBC News Politics team’s latest reporting and analysis from the campaign trail, the White House and Capitol Hill. In today’s edition, senior political editor Mark Murray breaks down how 2024 was the sixth "change" election in a row as voter dissatisfaction with the direction of the country remains high. They culminated in the nation’s sixth straight “change” election, in which either the White House or at least one chamber of Congress switched party control. Trump won those “change” voters by 50 points, 74% to 24%. Read more →Trump’s win has sparked fresh concerns among his critics that he may enter office looking for retribution.
Persons: Mark Murray, MAGA, Donald Trump’s, , Barack Obama, Trump, Joe Biden, Trump’s, Kamala Harris, , Sahil Kapur, Matt Dixon, Julie Tsirkin, Donald Trump’s “ MAGA ”, Mitch McConnell, John Thune of, Sen, John Cornyn of, Rick Scott of Florida, ” Scott, , Scott —, Scott, leapfrog, hasn’t, , Read, Elise Stefanik, Lee Zeldin, Tom Homan, Stephen Miller, 🗞️, : the, lea Organizations: NBC, White House, Capitol, Republican, Senate, GOP, Republicans, White, Trump, Democratic, Voters, McConnell, NBC News, House Republican Conference, United Nations, Environmental Protection Agency, . Immigration, Customs Enforcement, rit, upr Locations: Kentucky, John Thune of South Dakota, John Cornyn of Texas, New York
The three-way fight to replace outgoing Senate Republican leader Mitch McConnell, R-Ky., pits Senate Minority Whip John Thune, R-S.D., against Sen. John Cornyn, a former McConnell deputy, and underdog candidate Sen. Rick Scott, R-Fla. “It’s a loud online presence that doesn’t ultimately add up to votes in the Senate,” said one Senate Republican aide, who requested anonymity to speak candidly about the race’s dynamics. He supported me in 2022 in my run against Mitch McConnell,” Scott said. “The Senate Republicans — particularly Senate Republican leadership — must understand that the American people put President Trump back in the White House with his America First agenda. And any Republican leader candidate who does not agree with that should get the hell out of the way," he said.
Persons: WASHINGTON —, Donald Trump's “ MAGA ”, Mitch McConnell, John Thune, Sen, John Cornyn, Rick Scott, , Trump, ” Scott, MAGA, , Scott —, Tucker Carlson, Scott, Donald Trump ”, Billionaire Trump, Elon Musk, Marjorie Taylor Greene, ” Greene, leapfrog, , hasn’t, coy, McConnell, Mike Davis, Davis, Republicans —, Mike Johnson, Ron Johnson, Marco Rubio, Rand Paul, Bill Hagerty, Tommy Tuberville, Rubio, Hagerty, “ I’ve, ” Thune, we’ve, Chuck Schumer, ” Cornyn Organizations: Republican, McConnell, Republicans, Trump, GOP, NBC News, , NBC, Senate, America, Republican Party, Fox News, Senate Republican Conference, Democrats Locations: Ky, Florida, Sens
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Monday's full episode of the Halftime Report — November 11, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.
Persons: CNBC's Scott Wapner Organizations: CNBC PRO
The S & P 500 surged 4.7% last week, its biggest weekly gain since November 2023. Now, some on Wall Street are worried the rally may soon cool off, at least in the near term. He noted that 27% of S & P 500 companies hit 52-week highs on Wednesday when stocks made an explosive move the day after the election. The S & P 500 closed Friday's session at 5,995.54 after briefly trading above 6,000 for the first time. Elsewhere on Wall Street this morning, Piper Sandler named Nvidia a top pick, calling for a gain of nearly 20%.
Persons: Donald Trump, Jonathan Krinsky, Krinsky, Scott Chronert, Piper Sandler Organizations: Dow Jones Industrial, Nasdaq, Citigroup, Nvidia
Elon Musk wants Rick Scott to be the next Senate majority leader. "Rick Scott for Senate Majority Leader!" Rick Scott for Senate Majority Leader! Both Cornyn and Thune served as deputies to McConnell when he was Senate majority leader. AdvertisementPresident-elect Donald Trump has yet to endorse a candidate, but wrote in an X post on Sunday that the next Senate majority leader should support his recess appointments.
Persons: Elon Musk, Rick Scott, Scott, John Cornyn, John Thune, Mitch McConnell, , Elon, Sen, Rick Scott of, lpT34yHTKk — Elon, John Thune of, John Cornyn of, Mitch McConnell of, Cornyn, Thune, McConnell, Donald Trump, Musk, — Donald J, Scott's, Trump, Volodymyr Zelenskyy, Recep Tayyip Erdogan, Zelenskyy Organizations: Service, GOP, Musk, Business, Republican Party clinched, United States, Trump, SpaceX, America PAC, PAC, The New York Times Locations: Rick Scott of Florida, John Thune of South Dakota, John Cornyn of Texas, Mitch McConnell of Kentucky, Turkish, Ukraine
Analysts said tariffs on cars imported from Mexico would have dire consequences for US automakers. Tesla announced in March 2023 that it was planning to build its seventh gigafactory near the industrial hub of Monterrey, Mexico. Trump vowed to clamp down on automakers building cars in Mexico on the campaign trail, and the prospect of new tariffs could force US automakers such as Tesla to make some hard choices about operational or planned factories in Mexico. Analysts told BI that the tariffs floated by Trump would deter automakers such as Tesla from investing in Mexico. Other automakers have expanded their presence in Mexico, despite the uncertainty of the election and the prospect of tariffs under a second Trump term.
Persons: Donald Trump, Elon Musk, , Tesla, Trump, It's, Donald Trump's, Alex Brandon, Musk, Sam Fiorani, Fiorani, Ford, David Whiston, Scott Olson, BYD, Stephanie Brinley, Alanis King, Brinley, Stellantis Organizations: Service, Mexico —, AP, UBS, Trump, AutoForecast Solutions, General Motors, Ford, Getty, Toyota, Tacoma, Nissan, Volkswagen, BYD, Chrysler, Street Journal, BMW, P Global, Toyota Tacoma, GM Locations: Mexico, Monterrey, Detroit, United States, Cuautitlan, Toluca, San Luis Potosí
True crime drama "Baby Reindeer" was one of Netflix's biggest hits of the year. Its creator, Richard Gadd, said he "couldn't escape" the show after it became a hit. AdvertisementWriter and actor Richard Gadd said he "couldn't escape" from "Baby Reindeer" when the show was at its height of popularity. Richard Gadd 'couldn't escape' "Baby Reindeer"In an interview published on November 4, Gadd told GQ of "Baby Reindeer": "I couldn't escape from it." The show went on to win three Emmys in September: Outstanding lead actor in a limited series, outstanding writing for a limited series, and outstanding limited series.
Persons: Richard Gadd, Gadd, , Donny Dunn, Martha Scott, Jessica Gunning, Scott, Fiona Harvey, Piers Morgan, Harvey, Richard Gadd's, I'd, " Gadd Organizations: Service, Netflix, YouTube Locations: Scottish
Does this mean Twitter is going to be more important in the Trump 2.0 era? It's really not Twitter — it's — Twitter goes on television, or if they have breaking news, I'll tweet, I'll say "Watch this — boom." AdvertisementTrump was the TV presidentTrump was transfixed by TV, and that meant TV was the most important medium during his first presidency. Musk, for instance, spent part of his Sunday using Twitter to criticize "Saturday Night Live" — just like Trump used to do. But I will be surprised if Donald Trump, TV guy, becomes Donald Trump, Twitter guy.
Persons: Donald Trump, Elon Musk, Trump, , Tucker Carlson, Charlie Kirk, Kirk, US Sen, Rick Scott, 🇺🇸🇺🇸, own e, abou, witt, and i, ike Organizations: Twitter, Service, Trump, US, itt, Fox, Adv
It reignites a debate about the feasibility of developing increasingly advanced models and AI scaling laws — the theoretical rules about how the models improve. It remains to be seen how smart an AI model can get when it has that much capital thrown at it. There could also be strategies to make AI models smarter by enhancing the inference portion of development. The model OpenAI released in September — called OpenAI o1 — focused more on inference improvements. Still, it's clear that, like Altman, much of the industry remains firm in its conviction that scaling laws are the driver of AI performance.
Persons: OpenAI's, It's, , Sam Altman, Fabrice Beaulieu, Altman, OpenAI, Andrew Caballero, Reynolds, Ion Stoica, Gary Marcus, Anthropic, Marcus, Claude, Ilya Sutskever, Dario Amodei, Kevin Scott, we're, Scott, they've Organizations: Service, OpenAI's, Orion, Business, Getty, Companies, New York University, Reuters, Sequoia, o1 Locations: GPT, Silicon Valley, AFP
Chipotle names Scott Boatwright new CEO
  + stars: | 2024-11-11 | 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 EmailChipotle names Scott Boatwright new CEOCNBC's Kate Rogers joins 'Halftime Report' to report on Chipotle naming its new CEO and member of the board.
Persons: Scott Boatwright, CNBC's Kate Rogers
Democrats are, meanwhile, coming to terms with the massive fallout of their failure to stop Trump’s return to power, even as they dissolve into self-recrimination. They lack a clear leader to revive their message or a platform of power if Republicans retain control of the House. Establishing dominance over Washington Republicans: Trump has been mostly behind closed doors since his victory rally last week. Trump is promising to return to the volatile foreign policy that defined his first term — and then some. The conundrum facing US allies was laid out by French President Emmanuel Macron, who rode the Trump first-term rollercoaster.
Persons: Donald Trump, Trump, , Mike Pompeo, Nikki Haley, Elise Stefanik, rouser Elon Musk, Volodymyr Zelensky —, Joe Biden —, Susie Wiles, Pompeo, Haley, Roger Stone, MAGA, , ” Trump, Tony Carrk, Elect Trump, Florida Sen, Rick Scott —, Vivek Ramaswamy —, Dakota Sen, John Thune, Texas Sen, John Cornyn, Thune, Cornyn, , Washington, trepidation, Jim Jordan, Dana Bash, Jordan, Jack Smith, Musk, Trump —, Vladimir Putin, Emmanuel Macron, Macron, ” Macron Organizations: CNN, White, Republicans, GOP, United, New York, Trump, Pentagon, Overseas, peerless, CIA, South Carolina governor’s, Washington Republicans, Republican, United States, Democrats, Union, Ohio Republican, SpaceX Locations: Florida, United Nations, Europe, Taiwan, Iran, Russia, United States, Arizona, Washington, South Carolina, New York, ., Dakota, Texas, “ State, China
Elon Musk and other MAGA figures are onto a new fight: Who will be the next Senate Majority Leader. John Thune and John Cornyn. AdvertisementWith President-elect Donald Trump now on his way to the White House, his allies are settling on a new target: Getting a loyalist installed as Senate Majority Leader. Ahead of Mitch McConnell's long-awaited retirement from leadership, Republicans are set to choose a new leader on Wednesday of this week. John Thune of South Dakota, John Cornyn of Texas, and Rick Scott of Florida.
Persons: Elon Musk, MAGA, Sen, Rick Scott, Sens, John Thune, John Cornyn, Trump, , Donald Trump, Mitch McConnell's, John Thune of, John Cornyn of, Rick Scott of, Scott, Tucker Carlson, Robert F, Kennedy, Jr, Scott isn't, Kevin McCarthy, there's Elon Musk, Musk, Elon, Trump's, Cornyn, they'll, McConnell, that's, That's Organizations: Service, White, Republicans, Trump, GOP, Business, Senate Trump, Capitol, Republican, Punchbowl News Locations: Sens, John Thune of South Dakota, John Cornyn of Texas, Rick Scott of Florida, Florida, Texas, Ukraine
"Any Republican Senator seeking the coveted LEADERSHIP position in the United States Senate must agree to Recess Appointments (in the Senate! One of the demands he outlined is the ability to make recess appointments, which would allow the president to appoint people to senior administration positions and bypass Senate confirmation. In 2020, during the throes of the Covid pandemic, Trump threatened to unilaterally adjourn Congress so he could make recess appointments, but the threat never materialized. Bill Clark / CQ-Roll Call, Inc via Getty Images fileScott quickly weighed Sunday, writing on X that he agrees with Trump about recess appointments. “The Constitution expressly confers the power on the President to make recess appointments,” he wrote in the post.
Persons: Donald Trump, Trump, Barack Obama, Mitch McConnell of, de, GOP Sens, John Cornyn of, Rick Scott of Florida, John Thune of, Sen, Rick Scott, Bill Clark, Scott, Cornyn, , ” Thune, , Schumer, McConnell, Republican Sens, Rand Paul of Kentucky, Tommy Tuberville, Marco Rubio, Bill Hagerty, Josh Hawley, Thune, Mike Lee, Joe Biden, Chuck Schumer Organizations: United States, Senate, adjourn, GOP, Inc, Getty, Trump, Democrats, Republican, CNBC, NBC News, White, Republicans Locations: Mitch McConnell of Kentucky, John Cornyn of Texas, John Thune of South Dakota, Alabama, Marco Rubio of Florida, Tennessee, Utah
Sen. Bernie Sanders, I-Vt., on Sunday defended keeping Justice Sonia Sotomayor on the Supreme Court, after some Democrats have reportedly considered pressuring her to step down while President Joe Biden is still in office. He added that he’s heard “a little bit” of talk from Democratic senators about asking Sotomayor, who is serving a lifetime appointment to the Supreme Court, to step aside. Sonia Sotomayor, who is 70, is serving a lifetime appointment to the Supreme Court. If Sotomayor were to die during Trump’s term, she would likely be replaced by a conservative justice, pushing the now 6-3 conservative court further to the right. She died in September 2020 and Trump, then serving his first term, appointed the conservative Justice Amy Coney Barrett to replace her, leading to the court’s current conservative makeup.
Persons: Sen, Bernie Sanders, Sonia Sotomayor, Joe Biden, , ” Sanders, Kristen Welker, Sotomayor, Biden, he’s, Donald Trump, there’s, J, Scott Applewhite, Ruth Bader Ginsburg, Barack Obama’s, Amy Coney Barrett Organizations: Sunday, , Press, Supreme, Democrat, Senate, Democratic, Trump, Republican, Republican Senate, Democrats
The search platform is prioritizing Reddit's results. Going public, for Reddit, has entailed becoming a more welcoming place for users as well as for investors, Kessler said. "If you're public and these things come out, I mean, that could start having an impact on your market cap. Just as search engine optimization operations have gotten good at gaming Google, they can likely do it on Reddit, too. It's part social media, part search engine, part just a place for real answers, or as close to real as you're going to get on the internet today.
Persons: Reddit, It's, Steve Huffman, you've, Huffman, John Herrman, Mark Lehmann, Anita Ramaswamy, it's, Marcel Hollerbach, let's, Scott Kessler, isn't, Kessler, Jessica Melton, that's, What's, corporatization, Emily Stewart Organizations: Reddit, New Yorker, Google, Twitter, New York Magazine, Citizens JMP Securities, Meta, Facebook, Third, GameStop, WSB, PayPal, Brands, Business Locations: United States, Seattle
During Trump’s first term, for example, he was blocked by the Senate from using recess appointments to replace then-Attorney General Jeff Sessions. Florida Sen. Rick Scott on Sunday quickly posted on X endorsing Trump’s post : “100% agree. The question of recess appointments will now throw a major wrench in the Senate GOP’s leadership election when senators return to Washington this week. Recess appointments were once controversial, last-ditch efforts for presidents to install their nominees after facing long confirmation odds in the Senate. When senators left town, the Senate held a “pro forma” session to prevent any recess appointments.
Persons: Donald Trump, Trump, , , , ” Trump, , Jeff Sessions, Florida Sen, Rick Scott, Elon Musk, Dakota Sen, John Thune, who’s, Schumer, ” Thune, Sen, John Cornyn of, Biden’s, George W, Bush, John Bolton, Harry Reid, Mitch McConnell, Barack Obama, CNN’s Ted Barrett, Sarah Ferris Organizations: CNN, GOP, Trump –, Republican, United States, Capitol Hill, Sunday, Florida Republican, Republicans, Democratic, United Nations, Democrat, Senate, Supreme Locations: Florida, , Dakota, John Cornyn of Texas, Washington, United
Trump says Haley, Pompeo will not join second administration
  + stars: | 2024-11-10 | by ( ) www.cnbc.com   time to read: +1 min
President-elect Donald Trump said on Saturday that former Republican presidential contender Nikki Haley and former Secretary of State Mike Pompeo will not be asked to join his administration. "I will not be inviting former Ambassador Nikki Haley, or former Secretary of State Mike Pompeo, to join the Trump Administration, which is currently in formation," Trump posted on social media. Trump is meeting with potential candidates to serve in his administration before his Jan. 20 inauguration as president. Reuters reported Friday that Trump met with prominent investor Scott Bessent, who is a potential U.S. Treasury Secretary nominee. "I was proud to work with President Trump defending America at the United Nations," Haley said on social media.
Persons: Donald Trump, Nikki Haley, Mike Pompeo, Trump, Scott Bessent, Haley Organizations: Palm Beach Convention, Republican, Trump Administration, Reuters, Treasury, United Nations, Trump, America Locations: Palm Beach, West Palm Beach , Florida, South Carolina, America
But the one person who has loomed over it all and has exerted a great deal of influence is Elon Musk, according to multiple sources. Trump put the call on speaker, and Zelensky thanked Musk for his help providing communications to Ukraine through the billionaire’s Starlink internet service. As of mid-October, Musk had donated nearly $119 million to a political action committee he set up to support Trump, according to Federal Election Commission filings. The day after the election, investors sent shares of Tesla up nearly 15%. That lifted the value of the 411 million shares that Musk owns outright by more than $15 billion and marked a two-year high for Tesla shares as a whole.
Persons: Donald Trump’s Mar, Elon, Trump, he’s, Musk, Volodymyr Zelensky, Zelensky, Sen, Rick Scott, Howard Lutnick, Cantor Fitzgerald, helms, CNN’s Tara John, Victoria Butenko, Nic Robertson, Kristen Holmes, Jeremy Herb, Kayla Tausche, Evan Perez, Chris Isidore, Jack Forrest Organizations: CNN, Trump, SpaceX, Tesla, Mar, GOP, Florida Republican Locations: Palm Beach , Florida, Ukraine, Florida
Sen. Rick Scott, R-Fla. — one of three lawmakers vying to succeed Sen. Mitch McConnell, R-KY, as Senate majority leader — suggested Sunday that Trump would probably need Congress' help. "The tariffs, that most likely is going to require 60 [votes in the Senate] unless there's some way we can get that done through reciliation with 51 [votes]," Scott said on Fox News "Sunday Morning Futures." It avoids a filibuster, which requires 60 votes to overcome. Trump has vowed across-the-board tariffs of 10% to 20% on all imports arriving into the United States and at least a 60% tariff on Chinese imports. Economic experts dispute whether Trump's tariff plan, especially the tax on global imports, can be done via executive action.
Persons: Donald Trump, Sen, Rick Scott, Mitch McConnell, , Trump, Scott, He's, Alan Wolff, Jason Furman, Obama Organizations: Fox News, Representatives, Deere & Co, World Trade Organization, Trump, Harvard University, of Economic Advisers, CNBC Locations: United States, Mexico, U.S
WASHINGTON — As a candidate, Donald Trump promised to relieve consumers of high interest rates. Trump repeatedly said during the campaign that he would bring down interest rates without elaborating on how. He has suggested the president should have a say in determining rates set by the Federal Reserve and publicly berated the central bank and its chairman, Jerome Powell, for not lowering rates sooner. Trump has no direct control over the interest rates set by the Federal Reserve, which is determined by a committee that includes seven members appointed to 14-year terms along with five regional Reserve Bank presidents. “There aren’t a lot of policies that the president has at his disposal that can really lower rates,” said McLaughlin.
Persons: Donald Trump, Trump, Jerome Powell, , Kent Smetters, , isn’t, Ralph McLaughlin, McLaughlin, Powell, Xi Jinping, ” Powell, he’s, ” Trump, reappoint Powell, Scott Bessent, Barron’s, Bessent Organizations: WASHINGTON, Federal Reserve, United, University of Pennsylvania Wharton School, Federal, Realtor.com, Reserve Bank, Fed’s, Governors, Twitter, Trump, Chicago Economic, Senate, Republicans, Fed Locations: United States, America, U.S, China
As a consequence, the Hamas political office no longer serves its purpose." Qatar agreed and told Hamas’ political leaders about the decision about 10 days ago, the U.S. official said. A Hamas official contacted for comment did not respond. “Its recent behavior dealing with Hamas is telling.”Israeli Prime Minister Benjamin Netanyahu and other Israeli officials have also criticized Qatar for not forcing Hamas into an agreement. Hamas’ leadership is divided between a military wing, based in Gaza, and the political bureau, whose top officials have been based in Qatar.
Persons: , Biden, Israel, Yahya Sinwar, , Mohammed bin Abdulrahman, Thani, Karim Jaafar, Trump, Hersh Goldberg, Khaled Meshal, , , Abdel Kareem Hana, Sen, Rick Scott, Qatar’s, ” Scott, Benjamin Netanyahu, NATO Ally, Ismail Haniyeh, Masoud Pezeshkian Organizations: NBC, Hamas, Qatar, U.S, Qatari, Qatar's, Getty, U.S ., NBC News, Biden Administration, NATO, Foreign Relations, President Locations: Israel, U.S, Qatar, Gaza, Egypt, Thani, AFP, Doha, Cairo, Deir al, Turkey, United States, Washington, New York, Tehran, Iran, Lebanon
Northern Gaza is at risk of imminent famine, the World Health Organization said on Friday, as Israel continues its bombardment across Gaza amid threats by the Biden administration to limit military assistance to Israel if it did not allow more humanitarian aid into the enclave. It also said that 713 aid trucks were brought into northern Gaza since the beginning of October. A Palestinian man carries a child injured in an Israeli strike on the Jabalia refugee camp in the northern Gaza on Thursday. Tens of thousands of people have fled northern Gaza to nearby Gaza City in the latest wave of displacement within the besieged territory. A Palestinian child fleeing Beit Lahia in northern Gaza on Tuesday, walks down Salah al-Din road toward Gaza City.
Persons: Biden, Joe Biden, Donald Trump’s, Israel, Benjamin Netanyahu, Trump, Israel's, , Netanyahu, EYAD BABA, Scott Paul, Matthew Miller, Fawaz, Itzik Cohen, Beit, Salah al, OMAR AL, Giora Eiland Organizations: World Health Organization, Israel, Getty, WHO, Israel Defense Forces, International Rescue, UNRWA, United Nations, Oxfam America, NBC News, , State, London School of Economics, United Nations Human Rights Office, AFP, IDF, NBC News ’, Sky News, Israeli National Security Council Locations: Northern Gaza, Israel, Gaza, Palestinian, AFP, NBC News ’ British, Gaza City, Beit Lahia, OMAR
Jeff Bezos congratulated Donald Trump on winning the presidential election. Here's a history of Bezos and Trump's relationship. Following Trump's election that year, Bezos was one of several tech leaders who met with the president-elect in a summit Bezos later described as "very productive." Trump and AmazonWhile campaigning for the 2016 presidential election, Trump said Amazon would have "such problems" if he became president . In 2019, Trump bashed Bezos and the Post as he appeared to talk about Bezos' divorce from MacKenzie Scott.
Persons: Jeff Bezos, Donald Trump, They've, Here's, , Bezos, Hillary Clinton, Trump, The Washington Post Trump, MacKenzie Scott, Jeff Bozo, Kamala Harris Organizations: Service, Trump, Amazon, United States Post Office, Post, Department, Microsoft, Amazon Web, DoD, AWS, Cloud Service, The Washington Post, Washington Post, Amazon Washington Locations: America, U.S
Neither Wiles nor Trump’s transition team immediately responded when asked if Wiles would soon step away from her position at Mercury. “The clown car can’t come into the White House at will,” the source said. She worked on Ronald Reagan’s 1980 presidential campaign and then in his White House. He then gave her nearly unfettered leeway to operate his Florida campaign as she saw fit. Florida Sen. Marco Rubio posted on social media: “President Trump has chosen a strong, intelligent woman to serve as White House Chief of Staff.”
Persons: Donald Trump, America’s, , Dana White –, Susie Wiles, Wiles, Trump’s, Trump, Susie, ” Trump, , Chris LaCivita, ” Michael Caputo, , , Jared Moskowitz, Charlie Kirk, Kevin McCarthy, “ Susie Wiles, ” Kirk, doesn’t, John Kelly, Reince Priebus, you’ve, Kelly, Mick Mulvaney, Mark Meadows, Pat Summerall, Jack Kemp, Kemp, Ronald Reagan’s, Rick Scott, Jon Huntsman, Huntsman, Mitt Romney, Brian Ballard, Jeb Bush, Marco Rubio, , Ron DeSantis, DeSantis, James Blair, Blair, Mark Cuban, Florida Sen Organizations: Palm Beach , Florida CNN, Fighting, White, Trump, CNN, Mercury, Swisher International, Ballard Partners, carmaker, Motors, Military Management, Children’s Hospital Association, Staff, US Capitol, of Justice, Sunshine State, NFL, Rep, New York Giants, Utah Gov, Florida, Republican, Electoral College, Republicans Locations: Palm Beach , Florida, Pennsylvania, Washington, Mar, Florida, DC, America, Trump, Jacksonville, Manhattan
For one, the market was already in a sturdy uptrend, the S & P ahead by 20% in 2024 by October. Now, the S & P is up 44% in the past 18 months and the P/E is above 22 on more elevated margins. Here's the S & P 500 Value vs Growth relationship since 2014. His call is for investors to fade any near-term rally that takes the S & P above his 6100 "bull case" target for year end. For sure, the S & P 500 is by some measures running a bit hot, pushing above the top end of its two-year bull-market path.
Persons: Donald Trump's, Jay Powell, Trump, Cyclicals, Russell, YTD, Doug Ramsey, we're, reflating, Scott Chronert, Goldman Sachs Organizations: Republican, Trump Trade, Federal, Treasury, financials, Nasdaq, Group, Investment, Trump, Russell, Citi Locations: upending Washington, U.S, year's
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