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Elon Musk's influence looms large in the upcoming gubernatorial races in Virginia and New Jersey, as Democrats aim to tie Republican candidates to his unpopular policies and the fallout from his Department of Government Efficiency initiative. Following a significant defeat in Wisconsin, where Musk-backed candidates faltered, Democrats are leveraging Musk's declining popularity to sway suburban swing voters and federal workers. With gubernatorial elections set for November 4, both parties are strategizing on how to navigate Musk's controversial image amidst a backdrop of federal job cuts and budget reductions.
Donald Trump plans to narrow his shortlist for Treasury Secretary this week, favoring candidates with Wall Street experience. Potential nominees include Howard Lutnick, CEO of Cantor Fitzgerald, hedge-fund billionaire John Paulson, former Soros manager Scott Bessent, and Virginia Governor Glenn Youngkin, a former Carlyle Group executive.
At the Future Investment Initiative in Saudi Arabia, top finance executives from firms like Goldman Sachs, Morgan Stanley, and Apollo Global Management expressed skepticism about the likelihood of two Federal Reserve interest-rate cuts this year. None of the panelists indicated support for such market expectations, suggesting that bets on rate reductions may be excessive.
Glenn Youngkin
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musk's declining popularity poses challenges for republicans in upcoming gubernatorial races
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04:32 02.04.2025
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10:46 29.10.2024
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