Mike Mayo predicts Goldman Sachs shares would go down if CEO David Solomon were fired. Sebastien Page warns of a potential selloff in stocks. Elsa Lignos states the FX market is in a tight range. Henrietta Treyz discusses the likelihood of President Trump participating in the next GOP debate.
The tension between House Republicans and moderates is causing a divide on the debt debate in Congress.
The issue of abortion has become a major factor that has swung voters' opinions in tight-margin states like Arizona and Georgia.
Deep dives
Debt debate in Congress focused on political wins instead of reducing spending
The tension between House Republicans and moderates is causing a divide on the debt debate in Congress. Instead of focusing on reducing federal spending, the dialogue is centered around political gains and issues such as immigration and the border.
Lack of political discourse and extremism ahead of general elections
There is a lack of political discourse and an increase in extremism ahead of the general elections. The issue of abortion, for example, has become a major factor that has swung voters' opinions in tight-margin states like Arizona and Georgia.
Uncertainty due to the debt debate and extreme partisan camps
The dynamics of the debt debate and extreme partisan camps create uncertainty in the political landscape. This polarization is expected to continue until the general elections and may hinder constructive political discussions.
Mike Mayo, Wells Fargo Head of US Large-Cap Bank Research says Goldman Sachs shares would probably go down if David Solomon were fired today. Sebastien Page, T. Rowe Price Chief Investment Officer and Head of Global Multi-Asset says the greatest risk right now is a selloff in stocks. Elsa Lignos, RBC Global head of FX Strategy says the FX market is in a tight range. Henrietta Treyz, Veda Partners Economic Policy Research Director weighs in on the likelihood that President Trump will participate in next weeks GOP debate.