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Marketplace Morning Report

How to navigate a Shark Tank pitch, according to one contestant

Marketplace Morning Report

Marketplace

Business, News

4.5928 Ratings

🗓️ 24 October 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

For entrepreneurs and aspiring CEOs, one of the ultimate tests of mettle is appearing on the hit show Shark Tank, which pits high-rolling investors against contestants looking for a deal to help take their businesses to the next level of development. We catch up with Megan Klein, founder of Little Saints, a company that has been at the forefront of the non-alcoholic cocktail industry, who recently appeared on the show and made her pitch to the sharks. And, we chat with University of Michigan Professor Erik Gordon about consumer confidence ahead of the election and which candidate voters trust more on the economy.

Transcript

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0:00.0

We all may need a stiff drink over the next two weeks, but it doesn't have to be alcoholic.

0:06.7

I'm David Brancaccio. First, the economy and politics. In a subtle shift, a new survey of registered voters now slightly trust Donald Trump, more than Kamala Harris, to handle the economy.

0:17.4

That's according to the latest Financial Times, Michigan Ross poll out today. It's a small

0:22.3

shift on a subject that many voters say is the most important issue for them. Marketplace's Henry Ep reports.

0:28.6

Before President Joe Biden dropped out of the race, voters consistently said they put more trust in Trump to handle the economy.

0:35.8

But when Harris took over the Democratic ticket,

0:38.0

she immediately erased that deficit before outlining any specific economic policy proposals.

0:43.9

Eric Gordon is a professor at the University of Michigan Ross School of Business, which co-sponsored

0:48.5

the poll. He says even after Harris articulated more specific proposals, like cracking down on price gouging and financial support for first-time homebuyers, she hasn't been able to improve on that initial bump and support.

1:01.9

We know a lot about her policies. She's made them very clear. And nothing much has changed. Well, the needles moved a little bit. Maybe Trump is half an inch ahead.

1:13.0

But there's been no change now that we know what Harris will do. So her economic policy hasn't won over a lot of people. It hasn't turned off a lot of people.

1:24.0

One positive for Harris in the F.T. Michigan poll by a 12-point margin, voters think she better represents the interests of the middle class, while they see Trump as a stronger representative of corporations and the wealthy.

1:36.1

A separate poll by the Associated Press released this week found mixed support for the candidates on specific economic issues.

1:42.9

More voters trusted Harris to handle taxes on the middle class,

1:46.3

jobs and unemployment, and housing costs,

1:48.9

while they put more trust in Trump on the cost of groceries and gas and on tariffs.

1:54.2

I'm Henry App for Marketplace.

1:56.1

I speak with the University of Chicago's James Robinson,

1:59.8

one of the three winners of the Nobel

2:01.3

Economics Prize the other day. He told me the dominant economic model the U.S. adopted

2:06.4

in the 1980s has, quote, done nothing for the majority of people in this country.

2:12.7

There's disagreement on what caused it, but it's obviously connected to automation, to globalization, and also,

...

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