Bill Stone

speaker
138 appearances 3 recordings 1 series first heard Dec 2017 last heard Nov 2018

Bill Stone’s voice in public audio — every appearance, attributed to the second.

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I think Wall Street really likes not having a surprise and removing one uncertainty out of our long list of uncertainties.
So I think that's what we did accomplish.
As you mentioned, the split Congress was the consensus going in, and we got that.
I think the other side was because the Republicans also picked up some seats on the Senate, which was
I would argue as a prize, I think there's also less a chance or essentially let's call it no chance of any rollback in any of the tax cuts that we've had.
Yes.
I mean, I think most would expect that.
Less chance of getting some things passed.
I think probably the maybe bigger item, which I still don't think we have much real insight into yet, is the tariff side of things.
And let's just say it, China and how he's going to really react on that side.
You know, he sent out a tweet already this morning.
talking about that he was going to focus back on that.
Does that mean he goes for a short-term deal there?
He still has room to work there, but I think that's the part that, as you're thinking about volatility, we haven't ended that side.
So I think that's one thing the markets will be watching closely.
True.
No, I meant more really focused on the China side of things is how far does he take the tariff situation before he perhaps goes for a short term deal?
Because I do think the one thing to keep in mind, and I think maybe this is also part of the cheer on Wall Street, is that once the midterms are over, really.
most politicians turn and certainly presidents turn to thinking about the reelection, right?
And if you're a president, you are concerned about making sure that the economy is doing well.
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