Senator Marsha Blackburn criticized the Biden-Harris administration, stating that their policies prioritize foreign interests over American interests, which she refers to as an 'America last' approach. She emphasized the need to take a firmer stance against Iran, particularly concerning its nuclear activities, and expressed concerns about the allocation of FEMA disaster resources.
Positive
The political climate in the U.S. is likely to remain contentious, affecting various sectors, especially defense and energy. The emphasis on targeting Iran could lead to increased defense spending and bolster defense companies.
Negative
Concerns regarding government funding and external threats could affect investor sentiment, particularly in sectors tied to infrastructure and disaster preparedness, potentially weighing down stocks in those areas.
Capitalist Pig hedge fund manager Jonathan Hoenig weighs in on market rallies, his concern for everyday Americans amid inflation, and his stock pick.
Oct 11, 2024, 12:25 PM
JPMorgan Chase & Co. chief Jamie Dimon on Friday sounded the alarm about "critical risks" to the U.S. economy in the bank's third quarter earnings report.
Slatestone Wealth Chief Market Strategist Kenny Polcari discusses the market rallying following the inflation report, Jamie Dimon's warning of geopolitical risks, and how he fared during Hurricane Milton.