VP Kamala Harris responds to why more Americans trust Trump on the economy

Published On Oct 16, 2024, 6:59 PM

In an interview with Fox News, Vice President Kamala Harris addressed why some Americans trust former President Trump more regarding economic policies. She defended her economic plan, which focuses on supporting small businesses and young parents, indicating it has the backing of various economic experts like Nobel laureates and firms like Goldman Sachs. Harris criticized Trump’s economic strategy, suggesting it would worsen the deficit and potentially lead to a recession. Polls show a slight lead for Harris overall, but Trump enjoys higher trust among voters concerning the economy, with 45% support compared to Harris's 40%.

Read full article

Stock Forecasts

IWMView IWM chart on TradingView

Positive

Given the public's divided trust in economic leadership and the upcoming electoral context, potential increase in volatility in sectors related to consumer confidence and small businesses could occur. If Harris's economic policies are perceived favorably post-election, sectors benefiting from her plans like consumer discretionary and small-cap stocks may see positive momentum.

Related News

Lenders are kicking small businesses while they're down: Danielle DiMartino Booth | Fox Business Video

QI Research CEO and Chief Strategist Danielle DiMartino Booth discusses the impact of government intervention on small businesses.

IWM
XLP

Jacob Sonenshine on why small cap stocks are 'super interesting' | Fox Business Video

Barron's market reporter Jacob Sonenshine analyzes the markets and gives his advice on how to best get into small caps on 'Varney & Co.'

IWM

Port strike poses threat to small businesses: 'Could very well just shut us down'

Oct 2, 2024, 12:51 PM

Unlike bigger brands, smaller companies are more likely to feel the effects of even slight disruptions, like the port strike, on their day-to-day operations.

IWM