Analysis of Trump's impact on stocks, Secret Service director resignation, and the rise of prediction markets

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The chapter explores the effects of Trump's policies on stock markets amidst changing conditions, his tax rate plans, and the resignation of the U.S. Secret Service director following an assassination attempt on Trump. It also discusses the growing interest in prediction markets in the U.S. despite regulatory obstacles.

Tesla’s net income fell by 45 per cent, investors think Donald Trump will be back in the White House, and the director of the US Secret Service resigned after an operational failure. Plus, the FT’s Jennifer Hughes talks about investors betting on politics in prediction markets.

Mentioned in this podcast:

Tesla misses profit estimates as electric vehicle deliveries slow

Prediction markets tipped for new growth as US trader interest mounts

US Secret Service head resigns over Donald Trump assassination attempt

Markets reassess ‘Trump trades’ after Joe Biden withdraws from race

The Unhedged podcast

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Jake Harper, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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