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Marketplace Morning Report

“Investors see the same polls that everyone else sees”

Marketplace Morning Report

Marketplace

News, Business

4.5928 Ratings

🗓️ 5 November 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

Investors don’t have a hotline to our political future and are stuck in wait-and-see purgatory, just like the rest of us on this Election Day. We’ll try to parse some signals financial markets are giving. Plus, some striking Boeing employees will start returning to work as early as tomorrow. They voted to ratify a new contract and have ended the pickets. And later, holiday shopping supply chains are working like they’re supposed to this year.

Transcript

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0:00.0

Can my market screens this morning tell us who will win the election? No. I'm David Brancaccio.

0:07.9

Investors do not have a hotline to our political future and are stuck in wait and see purgatory,

0:13.9

just like the rest of us on this election day. Susan Schmidt is portfolio manager at Exchange Capital Resources.

0:20.4

Good morning. Good morning. I thought investors knew

0:24.3

everything. What are financial markets signaling in terms of who's going to win? Confusion.

0:30.1

They really don't know. This is one that's gone back and forth in the markets. Investors see the

0:35.8

same polls that everyone else sees,

0:38.3

and we're not seeing a clear indication for one candidate or another in the way that stocks are moving.

0:46.4

Yeah, we've seen some volatility in currency markets. For instance, the Mexican currency, the peso,

0:52.4

depending on whether or not it's Donald Trump as our next president

0:55.8

or Kamala Harris as our next president. But in terms of stocks, you'll be focusing on a number of

1:03.0

sectors, but pick one. I'd really focus on energy because I think that's the clearest difference

1:08.9

between the two platforms. and it will be interesting

1:12.5

to watch throughout the day. Remember that the Democrats are focused on a green energy platform.

1:19.8

Now, that includes solar, wind, getting to a lower carbon state. Trump's platform is very different. That's about natural resources here in the

1:30.2

U.S. How do we drill them and get them out being energy self-sufficient? So very different.

1:35.7

And the stocks there, I think, are really one of the most interesting sectors where you can see

1:39.9

clear differentiation between the two parties. Susan Schmidt, portfolio manager at Exchange Capital

1:45.6

Resources. She's speaking from Chicago. Thank you. Thank you. And many investors are also open to the

1:51.9

possibility that it takes some days to know who's headed to the Oval Office in January and just who

1:56.5

controls each House of Congress and by how much. Striking Boeing employees will start returning to work as early as tomorrow.

2:04.7

They voted to ratify a new contract and have ended the pickets.

...

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