Special Edition: What to Expect from Joe Biden’s Presidency

GZERO World with Ian Bremmer

GZERO Media

International Relations, Government, Foreign Policy, Gzero World, News Commentary, Trump, News, Global Economy, Geopolitics, Politics, Ian Bremmer

4.6 • 684 Ratings

🗓️ 19 November 2020

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

It was an election for the history books in many ways, with record voter turnout during an unprecedented global health crisis. And while President-elect Joe Biden emerged as the winner after securing close-margin victories in some key states, he will undoubtedly face a deeply divided nation when he takes the oath of office in January 2021. In our latest episode of Living Beyond Borders, we’re examining what the election results mean to the US, the world, and your wallet. From taxes to trade and climate change, our experts offer the facts and figures you need to know as America prepares for the Inauguration of the 46th President. Moderated by Caitlin Dean, this conversation features Jon Lieber, Eurasia Group’s Managing Director for the US; and Candi Wolff, Head of Global Governmental Affairs at Citi.

Transcript

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0:00.0	Welcome to Living Beyond Borders, the podcast from City Private Bank and G0 Media that examines
0:14.5	the risks and opportunities in our rapidly changing world, from global politics to economics
0:20.0	and what it all means for you. I'm Caitlin
0:23.7	Dean, head of the Financial and Professional Services Practice at Eurasia Group. Election Night
0:29.3	2020 turned into Election Week, as the count of mail-in votes and the razor-thin margins
0:34.6	in some states kept the nation in suspense until Saturday, November 7th.
0:39.4	After four long, tense days, we've reached a historic moment in this election.
0:45.3	Joseph Robinette Biden Jr. has won the presidency. Biden ended up winning back all three so-called
0:51.4	blue-wall states that President Trump took in 2016.
0:55.0	In the end, Joe Biden delivered for the Democrats winning 306 electoral votes and an historic
1:01.6	78.6 million in the popular vote, edging out President Trump by over 5 million votes.
1:08.2	So the big question now is, what happens next for the markets, Main Street, and the
1:12.9	world? Joining me now is John Lieber, managing director for the United States at Eurasia Group. Hi, John.
1:19.7	Hi, Caitlin. Great to be here. And Candy Wolf, managing director and head of global government
1:24.2	affairs at City. Great to have you with us, Candy. Thanks, Caitlin. Glad to be here. Hi, John. Candy, so heading into Election Day, it was clear that
1:33.1	Wall Street was prepared for a Biden victory. What were the indications that pointed in that direction?
1:38.6	Well, Caitlin, the national polling was showing Biden-leaning Trump by anywhere from eight to ten points
1:43.9	after the first debate. The battleground polling was showing Biden leading Trump by anywhere from eight to 10 points after the first debate.
1:45.7	The battleground polling was showing Biden leaning Trump by an average of four points in the
1:50.7	battleground states. President Trump's approval was holding in the mid-40s, and reelection usually
1:56.8	requires upper 40s to 50%. And the House and Senate polling suggested a blue wave. So there
2:04.8	were certainly some questions and some skepticism about the validity of the polls, whether or not
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