The "Trump Trade" After the Assassination Attempt, Exclusive With BlackRock CEO Larry Fink 7/15/24
Jul 15, 2024
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BlackRock CEO Larry Fink joins the hosts to discuss post-assassination attempt market reactions, bitcoin, U.S. future. Topics include sector benefits from a Trump victory, Goldman Sachs earnings, Apple predictions, Macy's buyout talks end, and Trump Media shares surge.
Potential market impact of a Trump re-election on specific sectors like banking and healthcare.
Importance of pro-growth economic policies for long-term development and investment in global infrastructure.
Deep dives
Financial Markets Outlook
Investment professionals at P-GIM globally collaborate to research asset classes for long-term goals, with a positive outlook on futures markets driven by various factors like election sentiments and company performances from Apple, Loop, Morgan Stanley, and BlackRock. The podcast discusses the impact of past and potential future administrations on market regulations, taxes, and sectors like banking and healthcare.
Regulatory Environment and Business Impact
The podcast highlights differences in regulatory approaches between administrations, impacting businesses' success. Insights indicate the potential effects of easier regulations, more mergers and acquisitions, and lower taxes under certain administrative policies, while addressing issues like tariffs and their impact on inflation and market segments like banks and healthcare.
Investment Strategies and Economic Growth
Discussions in the podcast emphasize the importance of pro-growth economic policies for sustained development. The focus is on promoting growth through private sector investments, infrastructure development, and optimistic investing in assets like global infrastructure. Insights stress the necessity of growth to mitigate rising deficits while promoting investment in capital markets for long-term prosperity.
Cryptocurrency and Financial Resilience
The podcast discusses the evolving views on cryptocurrencies, particularly Bitcoin, as a legitimate financial instrument offering non-correlated returns. Insights suggest that Bitcoin can serve as a hedging tool against currency devaluation, deficits, and geopolitical uncertainties, emphasizing its industrial use beyond investment as a diversification strategy in portfolios seeking financial resilience.
In the first trading session since former President Donald Trump survived an assassination attempt, Carl Quintanilla and Jim Cramer discussed stock markets rising to start the week -- as a number of traders see improved chances for a Trump election victory in November. Which sectors would benefit most from such an outcome? BlackRock Chairman & CEO Larry Fink joined Jim and Carl at Post 9 to discuss everything from earnings and bitcoin -- to the way forward for the U.S. after the Trump assassination attempt. Also in focus: Goldman Sachs' earnings beat, bullish Wall Street calls on Apple, Macy's ends buyout talks, Trump Media shares soar.