Harris as President Likely Means Status Quo for Tax, EVs, Banks
Jul 22, 2024
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Bloomberg Intelligence Senior Policy Analyst discusses potential impacts of a Harris presidency on sectors like banks and EVs. Investors react to Biden exiting the race. The Nuclear Company plans to build nuclear power plants in the US. Market responses to political news and financial strategies discussed.
A potential Harris administration may maintain status quo for sectors like banks, EVs, and big tech.
The Nuclear Company plans to build nuclear power plants in the US through coalition-building and public-private partnerships.
Deep dives
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Impact of US Presidential Race on Sectors Under Kamala Harris
Potential policies under a Vice President Kamala Harris White House could lead to status quo environments for sectors like banks, electric vehicles, and big tech. Key factors such as tariffs, taxes, and sector impacts may see nuances in the policies implemented by a potential Harris administration.
Nuclear Company's Plans to Build Nuclear Power Plants
The Nuclear Company aims to build a fleet of nuclear power plants in the US, focusing on technology-agnostic approaches and considering licensed technologies by the Nuclear Regulatory Commission. The company emphasizes coalition-building and public-private partnerships to address capital investment needs.
Financial Market Reactions Amid Political Developments
The financial markets exhibit resilience amid political uncertainties, with a focus on interests and earnings outcomes. Factors like interest rate cuts, earnings season performance, and market volatility influence investor sentiments, shaping strategies around allocations including cash holdings and equity exposures.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Intelligence Senior Policy Analyst Nathan Dean explains how sectors, from banks to electric vehicles to big technology firms, will likely face a status quo policy environment under Vice President Kamala Harris if she were to win the presidential election in November. Bloomberg News Chief Correspondent for Global Macro Markets Liz McCormick and Bloomberg Intelligence Chief Equity Strategist Gina Martin Adams break down the investor’s reaction to President Biden dropping out race for the White House. Juliann Edwards, Chief Development Officer of The Nuclear Company, talks about plans to construct a series of nuclear power plants in the US. And we Drive to the Close with Chris McMahon, CEO of Aquinas Wealth Advisors. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.