You are in the nick of time. Live from london this is business today, im sally bundock. We start in the United States, where Vice President Kamala Harris whos standing for president has a busy week ahead of her. As youve been hearing, the Democratic National Convention is set to kick off in Chicago Today and runs until thursday. Delegates will hold a ceremonial Roll Call for the president ial ticket and Kamala Harris and her Running Mate Tim Walz will formally accept their partys nomination. Among those speaking this week will be former president s Barack Obama Bill clinton and former Secretary Of State hilary clinton. For many watching what the democrats plans are for the economy will be key in Novembers Election and Kamala Harris outlined some of her economic proposals late of friday which include cutting Taxes for most americans, a ban on so called Price Gouging by grocers and to build more affordable housing. Shes also pledged to introduce a new Child Tax Credit and lower Prescript
With volatility in the months ahead. , ~. ,. , ahead. Last week on Retail Sales shows ahead. Last week on Retail Sales shows the ahead. Last week on Retail Sales shows the consumeri sales shows the consumer continues to chug along, jobless claims fell in the recent data, so i think that Knee Jerk Reaction was premature and the economy is not anywhere near a recession. Whether or not this is the stain, we are getting close to an election. Typically in election years there is volatility, so i wouldnt expect. I would expect history to repeat itself. I understand Oxford Economics has been running models on what will happen with the Economy Irrespective of who wins the election. What are the models telling you . Election. What are the models telling you . For each candidate Fiscal Policy telling you . For each candidate Fiscal Policy will telling you . For each candidate Fiscal Policy will become Fiscal Policy will become inaudible into 2025 and 2026. For each, it is a re inflationary scena
In the months ahead. Data last week on Retail Sales shows the consumer continues to chug along, Initialjobless Claims fell in the recent data, so i think that Knee Jerk Reaction was premature and the economy is not anywhere near a recession. Whether or not this is sustained, we are getting close to an election. Typically in election years there is volatility, so i wouldnt expect. I would expect history to repeat itself. I understand Oxford Economics has been running models on what might happen with the Economy Irrespective of who wins the election. What are the models telling you . For each candidate Fiscal Policy will become more stimulated into 2025 and 2026. For each candidate, it is a re inflationary scenario because Fiscal Policy will be more stimulative. Under Donald Trump we will have more Immigration Restrictions and tariffs and that is much more inflationary that is what is in our focus. Under kamala harris, the inflationary impact is less. She came out with her first salvo in
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