In the face of Vice President Kamala Harris‘ growing popularity in the polls, U.S. business leaders are still placing their bets on a Donald Trump victory in the 2024 presidential race, as per a leading C-suite advisor.
What Happened: Tina Fordham, the founder of strategic advisory firm Fordham Global Foresight, told CNBC on Thursday that her clientele, comprising institutional investors, board members, and C-suite executives, continue to perceive Trump as the more business-friendly candidate and their preferred choice.
“They still prefer a Trump presidency and they still think it’s going to happen,” Fordham stated.
Despite Harris leading Trump by 2.6 points in the latest average of national polls compiled by FiveThirtyEight, many executives are dismissing these results.
“I see a lot of denial going on in terms of the polls,” Fordham observed.
“A Harris victory is definitely not priced in. A lot of Wall Street participants have been really invested in a Trump return to the White House.”
Fordham, however, differentiated between the preferences of Big Tech and big banks, and corporates. The latter group, according to her, is heavily backing a Harris presidency.
“They rely upon the U.S. free trade and democracy phenomenon that’s powered global corporations for the last 30 years,” she clarified.
More details on Harris’ economic agenda are anticipated on Friday when she is scheduled to present her plans in a speech in North Carolina. In the meantime, Trump has been leveraging existing support from Wall Street, promoting his economic agenda in the swing state on Wednesday.
Why It Matters: Trump has previously taken credit for the stock market rally but blamed Harris when it started crashing, leading to criticism for his double standards. However, a recent poll revealed that 42% of Americans trust Harris more to handle the economy, compared to 41% for Trump.
Analysts have also suggested that a Trump presidency could be bullish for Tesla Inc., but negative for EVs overall. Despite this, Harris has been leading in the 2024 election polls and prediction markets, showing strong support from voters of all ages.
Did You Know?
- Congress Is Making Huge Investments. Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool
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This story was generated using Benzinga Neuro and edited by Pooja Rajkumari
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