Bloomberg Daybreak: Asia Edition
Global Markets on Alert for Potential Biden Exit
Jul 4, 2024
Guests discuss potential outcomes for President Biden and speculate on successors like Kamala Harris. They analyze the Fed's stance on economic growth, market reactions to political actions, and macroeconomic environments in Japan and China. Other topics include AI in financial services, upcoming bank earnings season, and the impact of political changes on global markets.
26:15
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Quick takeaways
- Democratic governors back Biden despite eroding support in Congress.
- Financial markets react to potential Biden exit with focus on political changes and rate adjustments.
Deep dives
Democratic Support for President Biden
Despite reports of eroding support for President Biden in Congress, some Democratic governors have expressed their backing for him. Biden faces the challenge of shoring up wavering support among congressional members and rank-and-file Democrats. Public events and interviews are seen as critical moments for Biden to reaffirm his position, as calls for his resignation circulate.
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