The ‘Trump Trade’ Takes Hold on Wall Street

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 30 October 2024

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

A.M. Edition for Oct. 30. To pollsters, the race for the White House is a toss up. But WSJ reporter Caitlin McCabe explains that a potential shift in momentum is visible in markets as some large hedge funds and money managers get into position to profit from a Trump victory. Plus, billionaire investor and Trump ally John Paulson promises massive spending cuts if he’s tapped as Treasury Secretary. And AMD investors worry the chipmaker is still a long way from catching up to Nvidia. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:30.1	In an exclusive interview to the journal billionaire investor and Trump ally John Paulson
0:37.9	promises massive spending cuts if he's tapped as Treasury Secretary.
0:42.0	Plus Wall Street pros sense a shift in election momentum.
0:46.0	It feels like no matter what asset class you're looking at right now,
0:50.0	you are starting to see signs of a Trump trade taking hold.
0:55.4	And AMD investors worry the chipmaker is still a long way from catching up to
1:00.0	NVIDIA.
1:01.0	It's Wednesday October 30th.
1:03.2	I'm Luke Vargas for the Wall Street Journal, and here is the AM edition of
1:06.8	What's News?
1:08.1	The top headlines and business stories moving your world today.
1:17.0	Vice President Kamala Harris addressed a crowd of tens of thousands near the White House
	...

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