Morning Brew Daily Markets React to Donald Trump's Presidential Win & Wellness Industry Booms to $6.3T
Nov 6, 2024
The market is buzzing after Trump's presidential victory, with stocks like Tesla surging amid expectations of deregulation. The wellness industry reaches a staggering $6.3 trillion, highlighting changing consumer health trends. Retailers are getting innovative, using smartphones to unlock security cases for customers. The hosts bring a light-hearted touch to college football rankings and share quirky tales about rival pygmy hippos, blending humor with business insights. Cultural discussions and financial tips round out the engaging conversation.
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Market Reactions to Trump Win
- So-called "Trump trades" like Trump Media and Bitcoin surged upon his projected win.
- Tesla stock also jumped, possibly due to Elon Musk's anticipated role in the administration.
Treasury Yields and Tesla
- Treasury yields spiked as investors bet on Trump's policies reigniting inflation.
- Tesla's stock surge may be linked to potential rollbacks of EV incentives benefiting the market leader.
Big Bank Boost
- Big banks' stocks rose, anticipating a lighter regulatory touch under Trump.
- This includes potentially blocking increased capital requirements proposed under Basel III.