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The Playbook Podcast

November 1, 2024: Money talks in the presidential race

The Playbook Podcast

POLITICO

News, Daily News, Government, Politics

3.9699 Ratings

🗓️ 1 November 2024

⏱️ 11 minutes

🧾️ Download transcript

Summary

Four days remain in the election, and everyone is trying to predict how the presidential race will play out. You can learn a lot about the strength of a campaign from the number of donations it has received … or can you? Data reporter Jessica Piper joins Playbook co-author Eugene Daniels to break down some of the surprising trends she has seen among donors to the Harris and Trump campaigns.

Transcript

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0:00.0

Presented by BP.

0:05.5

Good morning, everyone. I'm Playbook co-author Eugene Daniels. It is Friday, November 1st,

0:11.8

which means there are just four days left in the election. We've almost made it. We're almost

0:17.4

there, crawling, crawling to Tuesday. Here is what's driving the day.

0:23.6

Predictions.

0:24.8

Everyone is trying to predict how this election is going to turn out.

0:29.4

And they're turning to any number of things to gauge who stands where, how things will turn out on Tuesday night.

0:35.4

This morning, we're going to check on three different metrics.

0:38.5

Some folks are using to get a sense of whether Trump or Harris is ahead. First, the stock

0:44.1

market. While political gamblers and crypto traders are betting on a Trump return to the White

0:48.9

House, the stock market might be telling a somewhat different story. The S&P 500 index has climbed more than 10%

0:56.8

since August. And as our Declan Hardy reports, its, quote, performance in the run-up to election

1:02.7

day has historically been a strong indicator of whether the incumbent party's candidate will

1:07.9

retain control of the White House, correctly forecasting all but

1:12.2

four presidential races over the last 96 years, which could be a good sign for Harris, though,

1:20.4

as Declan writes, there are plenty of doubters on Wall Street about the S&P 500's predictive

1:26.4

power.

1:29.7

Second, we have the early votes.

1:32.2

With everyone trying to parse what to make of them,

1:35.5

I asked two different leading predictors about that on today's episode of Playbook Deep Dive,

1:38.1

Luxia Jane of a split ticket and Logan Phillips of Race to the White House.

1:43.0

Their advice, hold your damn horses,

...

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