That is as a result of the candidates — Donald Trump and Kamala Harris — are on reverse ends of the spectrum on many basic points. Who wins the White Home, subsequently, might have far-reaching penalties on folks’s lives and the economic system, says Richard Haass, former president of the Council on International Relations.
“That is a kind of uncommon elections the place the variations most likely outweigh the similarities, and that is why it is such a consequential election right here at house for American democracy and in addition on this planet for American overseas coverage,” Haass, a senior counselor to funding financial institution Centerview Companions, stated in a current dialog with Goldman Sachs titled “2024: The 12 months of elections.”
For Wall Avenue bankers, merchants, and executives, the election stands additionally to have an effect on their jobs and enterprise prospects, from US commerce relations to demand for megamergers. Former president Trump is predicted to be good for cryptocurrency, for instance, however unhealthy for commerce with China — and the record goes on.
Wall Avenue billionaires, subsequently, are putting their bets — actually — by contributing cash to the candidates of their alternative.
To see the place Wall Avenue’s high leaders stand on this 12 months’s consequential election, Enterprise Insider scoured the Federal Election Fee web site for particular person donations from Wall Avenue leaders between 2023 and July 2024. The info confirmed help for Trump and Harris fairly evenly cut up throughout an array of corporations, from personal fairness large Blackstone to funding financial institution Evercore. BI discovered zero direct donations, nevertheless, to both candidate from the heads of huge, publicly traded funding banks, together with Goldman Sachs, JPMorgan, Citi, Financial institution of America, and Morgan Stanley.
BI’s FEC knowledge search could not embrace some donations from July and August as a result of it uploads new knowledge month-to-month. Additionally, donations made to Harris’s marketing campaign earlier than July 2024 had been probably donations to President Joe Biden’s 2024 reelection marketing campaign, as lots of his funds have been transformed to Harris. That’s the reason lots of the donations to Harris under seem to have been made earlier than Biden withdrew his candidacy. We are going to replace this record when new knowledge turns into accessible.
See right here to seek out which Wall Avenue tycoons are voting for which candidate in 2024 presidential election, in alphabetical order:
