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Morning Wire

Presidential Debate Conditions & Meme Stock Mania Returns | 5.16.24

May 16, 2024
14:43
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Presidential Debate Negotiations: Biden and Trump agree on debate schedule and conditions. Stock Market Turbulence: Meme stock resurgence impacts Wall Street. Economic Indicators: Inflation numbers remain high. Small investors clash with institutions in stock frenzy.
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Quick takeaways

  • Presidential debate schedule agreed with stringent conditions, incl. muted mics, setting an early election season tone.
  • Meme stock resurgence driven by small investors challenges institutions, evoking David versus Goliath narrative.

Deep dives

Presidential Debate Negotiations

President Biden and former President Trump have agreed to at least two debates with stringent conditions set by Team Biden, including no live audience and muted mics after answers. Trump quickly accepted the terms, leading to CNN hosting the debate in Atlanta on June 27th, and ABC News hosting a second debate in the fall. Trump's team also reports a third debate set for October 2nd on Fox News, keeping the presidential debate timeline notably early in the election season.

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