Bloomberg Businessweek Bloomberg Businessweek Weekend - November 22nd, 2024
Nov 22, 2024
In this engaging discussion, Josh Green shares insights on Trump's political dynamics and challenges, particularly around economic sentiment. Noor Suede highlights the growth of venture capital in the Middle East and the burgeoning tech scene. Brandon Knudsen recounts Ziggy's Coffee's remarkable journey from startup to 100 locations, emphasizing customer focus. Aldo Geloso notes the rising demand for ready-to-drink cocktails, showcasing his family's evolution in the beverage industry, from grapes to cocktails—all while keeping a keen eye on changing consumer tastes.
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Trump's Coalition
- Trump won with a diverse coalition, including billionaires and working-class voters.
- This "plutocratic populism" creates tension between these groups' interests.
Voter Motivations and Risks
- Working-class voters chose Trump hoping for lower prices and better paychecks, blaming Harris for inflation.
- Trump's proposed tax cuts and tariffs could worsen inflation, potentially alienating his base.
Trump's Priorities
- Trump prioritizes his approval rating and a booming stock market over midterm election results.
- He views the S&P 500 as a key indicator of his presidency's success.
