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Business Rundown: 2024 Race Shakeup Jolts The Markets

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Manage episode 430206736 series 3258459
Content provided by FOX News Radio. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by FOX News Radio or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Over the weekend, President Biden announced he would be dropping out of the 2024 race. He broke the news with a letter posted to social media, later endorsing his Vice President, Kamala Harris, for the nomination.

Following former President Trump’s assassination attempt and a strong RNC performance, many Wall Street investors had already begun to make investments, essentially betting on a second Trump presidency. This “Trump Trade” hinges on expectations of policies like tariffs, low interest rates, and tax cuts.

Co-anchor of The Big Money Show, Taylor Riggs, is joined by Chief Market Strategist at Slatestone Wealth, Kenny Polcari, to break down how the markets are reacting to the shakeup in the 2024 race, new elements of uncertainty for the Democrats, and the aftermath of Crowdstrike’s global IT outage.

Photo Credit: AP

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1202 episodes

Artwork
iconShare
 
Manage episode 430206736 series 3258459
Content provided by FOX News Radio. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by FOX News Radio or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Over the weekend, President Biden announced he would be dropping out of the 2024 race. He broke the news with a letter posted to social media, later endorsing his Vice President, Kamala Harris, for the nomination.

Following former President Trump’s assassination attempt and a strong RNC performance, many Wall Street investors had already begun to make investments, essentially betting on a second Trump presidency. This “Trump Trade” hinges on expectations of policies like tariffs, low interest rates, and tax cuts.

Co-anchor of The Big Money Show, Taylor Riggs, is joined by Chief Market Strategist at Slatestone Wealth, Kenny Polcari, to break down how the markets are reacting to the shakeup in the 2024 race, new elements of uncertainty for the Democrats, and the aftermath of Crowdstrike’s global IT outage.

Photo Credit: AP

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

1202 episodes

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