Bloomberg Daybreak: US Edition
Stocks Stable Ahead of Key Data; Biden on Why He Dropped Out
Aug 12, 2024
In an engaging discussion, Biden reveals his decision to step out of the presidential race, citing concerns about becoming a distraction. Entrepreneur Elon Musk prepares to interview former President Trump, sparking anticipation in the political arena. The podcast also touches on the stabilization of the stock market, with traders gearing up for big economic data releases. The backdrop of these events is heightened by global conflicts and the shifting dynamics within the Democratic Party as Kamala Harris gains momentum.
17:23
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Quick takeaways
- The stabilization of stocks reflects traders' cautious optimism as they prepare for significant data on inflation and employment trends.
- Biden's decision to withdraw from the race highlights concerns about his influence on midterm elections and signals growing support for Kamala Harris.
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