Preview: Markets: Colleague Liz Peek outlines what appears to be a Trump trade emerging in the energy markets and other parts of the economy -- for those looking to predict an outcome before the vote. More tonight.
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 22 October 2024
⏱️ 2 minutes
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| 0:00.0 | This is John Batcher, a conversation with colleague Elizabeth Peek of the Hill |
| 0:05.9 | a columnist of Fox News a columnist about the energy market in the new |
| 0:11.2 | administration in 2025. Vice President Harris and former President Trump. |
| 0:17.0 | Also about the so-called Trump trade, is there such a thing? Ms Harris continues in the very |
| 0:27.3 | careful presentation of Mr Biden's policy so the Harris trade is in place. Is there a Trump trade different from what |
| 0:36.6 | we've seen in the past? |
| 0:38.8 | The speak comments. All of this depends upon the election and a happy result in 2025. More of this later tonight. |
| 0:47.0 | Oil prices traded higher as everyone anticipated Israel possibly bombing Iran's oil fields, oil production, |
| 0:57.2 | refiners, whatever, and the price which had been sinking like a stone came back. |
| 1:02.9 | Why sinking? |
| 1:04.0 | Because of China mainly. |
| 1:05.5 | And the fact that you mentioned it earlier, |
| 1:07.7 | China's economy has just really been sluggish. |
| 1:12.1 | And that's a huge |
| 1:12.8 | obviously huge importer in oil so the actual fundamentals of the |
| 1:18.1 | oil market are not particularly favorable to rising prices but geopolitical events could change that and the |
| 1:25.1 | Trump trade is certainly favorable towards domestic energy producers. I would |
| 1:30.9 | any any company that's in, you know, in the permanent basin, a fracking company, |
| 1:37.6 | whatever, that's going to be something that does well in a Trump administration because Biden has raised the cost of |
| 1:45.2 | producing US oil. Trump will probably on a regular basis reduce the cost of |
| 1:50.1 | producing oil and he's made that one of his signature promises so right now |
| 1:54.9 | the Trump trade is in mainly industries that prosper with less regulation one |
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