A deep recession should hurt Trump's reelection bid, but this isn't a usual downturn - News Summed Up

A deep recession should hurt Trump's reelection bid, but this isn't a usual downturn


New York (CNN Business) With less than a week until the election, it's not clear whether news from the economy and stock market will help or hurt President Donald Trump. But Wednesday's massive drop in the Dow can't be helping. CNN polling shows Biden with a sizable head-to-head nationwide lead as of October 22, and within striking distance of the 270 electoral votes needed to claim victory. But this, to put it mildly, is a strange downturn. "A lot of recessions are caused by high interest rates or the unwinding of a bubble," said Ashok Bhatia, deputy chief investment officer of fixed income with Neuberger Berman in an interview with CNN Business.


Source: CNN October 28, 2020 16:41 UTC



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