Bloomberg Businessweek Harris Touts Economic Plan, JetBlue's Mystery Investor
Aug 16, 2024
Bloomberg News White House Correspondent Josh Wingrove discusses Kamala Harris's economic plan and its implications for businesses. Erik Wasson sheds light on how electric vehicle policies could influence Michigan voters. Economics Editor Molly Smith analyzes fresh inflation data and shifting consumer confidence. The episode also dives into a mystery investor's significant stake in JetBlue, revealing potential market impacts. Lastly, Kate Kaminski shares insights on the current housing market and recent declines in new home construction.
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Harris Builds On Biden’s Economic Blueprint
- Kamala Harris’s economic agenda largely expands Biden-era proposals rather than introducing a wholesale break.
- Key promises include extending the child tax credit, subsidizing first-time buyers, and supporting three million new homes, without a released fiscal forecast.
Harris Targets Price Gouging And Middlemen
- Harris’s proposed federal food price-gouging ban remains politically powerful but operationally vague, with no clear rules yet.
- Her focus on middlemen could lead to tougher enforcement against concentrated industries such as meatpacking and healthcare.
Michigan’s EV Anxiety Shapes The Election
- Michigan voters see EV adoption as a threat to manufacturing employment and are skeptical that charging infrastructure fits their driving habits.
- Only 24% express interest in buying an EV, while workers fear EVs require fewer parts and union jobs.