Newscasts - US Morning Call: Markets weigh Trump attack, see higher odds of November win
15/07/2024 13:08
Click the following link to watch video: https://share.newscasts.refinitiv.com/link?entryId=1_nbzaiwzh&referenceId=1_nbzaiwzh&pageId=Newscasts Source: 'Reuters - Business videos' Description: Investors are weighing whether an assassination attempt on presidential candidate Donald Trump increased his chances of victory in the November presidential election. In reaction early on Monday, Wall Street futures rose, while Treasury yields and the dollar firmed, as traders priced in higher odds of a win for the former president. Short Link: https://refini.tv/3Wli3UL Video Transcript: Futures rise on higher odds of a Trump victory after Saturday's shooting. Welcome to US Morning Call. I'm David Pollard. Wall Street and the United States are coming to terms today with the shock of Saturday's assassination attempt on Donald Trump. Trump was only superficially wounded, but these scenes do come as fears of political violence rise in the US. The former president says it should be seen as an opportunity to bring the country together. The current president called on the nation for calm. You know the political record in this country has gotten very heated. It's time to cool it down. We all have a responsibility to do that. Yes, we have deeply felt strong disagreements. The stakes in this election are enormously high. Trump is now in Milwaukee for the Republican presidential nomination this week, with long dated US yields rising on Monday and the dollar also firmer on what markets see as better odds of a November victory for Trump. On futures markets shares of companies tied to Trump soared premarket Trump Media & Technology was one of the most actively traded and jumped 63%. Software firm FunnWare gained nearly 50% and video sharing platform Rumble rose over 16%. Other shares gaining included gun maker Smith and Wesson. It rose 2.5% and prison operator GEO Group was up 7%. And Bitcoin has surged to a two-week high on those better odds of Republican victory in November. Trump has presented himself as a champion of cryptocurrency and is due to speak at the Bitcoin 2024 conference in Nashville later this month. Bitcoin was up nearly 9% to just over $62,500, with strong gains also seen in either. And for those wanting to bet on a Trump win in November, online betting site predict IT has a Republican victory at $0.67 up from $0.60 on Friday. The debate is now on as to how Republican campaign managers will react to and spin Saturday's news pitches. I could see the campaign kind of using this image. I think that the story of sort of surviving this assassination attempt might also be part of the campaign. I think the more you get into kind of the bigger questions about what happened, who was the shooter at the time we're having this conversation. We don't really know, very much about that person at all. You know that because the details I think are going to become more lost in the sort of the image probably is what will last. As another busy week of earnings reports gets underway, Goldman Sachs is due to report today, and BlackRock results have already been released. Assets the world's largest money manager hit a record $10.65 trillion in the second quarter and the firm has posted a 9% jump in profit as stronger equity markets drove fee income growth. That is US Morning Call