FT News Briefing Behind the Money: Wall Street, tech and energy during Trump’s second term
15 snips
Nov 17, 2024 
Brooke Masters, U.S. financial editor for the Financial Times, and Stephen Morris, San Francisco Bureau Chief for the Financial Times, delve into potential shifts in Wall Street, tech, and energy under a second Trump administration. They discuss the mixed regulatory landscape and the influence of key figures like Elon Musk on financial policies. The duo predicts winners and losers in corporate America, highlighting the contrasting fortunes of fossil fuels versus renewables. Plus, they explore how tech giants might navigate future regulatory challenges.
AI Snips
Chapters
Transcript
Episode notes
Corporate America Braces for Change
- Corporate America anticipates significant changes following Donald Trump's presidential win.
- Key sectors like Wall Street, tech, and energy will be particularly impacted.
Wall Street Under Biden
- Biden's administration implemented stricter regulations, impacting Wall Street's dealmaking and increasing scrutiny on banks.
- The SEC, under Gary Gensler, introduced numerous new rules, causing tension with the industry.
Wall Street's Reaction to Trump
- Wall Street reacted positively to Trump's victory, with bank stocks rising.
- There's a general expectation of increased dealmaking and a less stringent regulatory environment.