Capitol Gains

It has been over a week since Election Day and President-elect Donald Trump is charging full speed ahead as he begins to build his new administration. From appointing new and unexpected members to his Cabinet and creating a Department of Government Efficiency (DOGE) that Elon Musk and Vivek Ramaswamy will lead, the president-elect has kept himself at the top of the news. What does this all mean for your bottom line? We get into it.

In this week’s episode of Capitol Gains, anchor Rachelle Akuffo, Washington Correspondent Ben Werschkul, and senior columnist Rick Newman break down the latest in the Trump 2.0 administration, from the president-elect’s relationship with Elon Musk and how it could impact the government, to the future of EV tax credits, and so more.

Plus, Puck News Founding Partner, William D. Cohan joins the show to break all of this down further and provide additional insight on how the markets could react to Trump’s tariffs.

Watch more episodes of Capitol Gains here.

Capitol Gains is Yahoo Finance’s unique look at how US government policy will impact your bottom line long after the Presidential election polls have closed.

Thoughts? Questions? Fan mail? Email us at [email protected]

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After a long and historic election cycle, former President Donald Trump has been reelected and will become the 47th president of the United States. What will this mean for the nation and your bottom line? We get into it.

In this week’s episode of Capitol Gains, anchor Rachelle Akuffo, Washington Correspondent Ben Werschkul, and senior columnist Rick Newman break down what happened on Election Day between both the Harris and Trump campaigns, review economic exit polling, and take a look forward at what’s next for the United States and the economy as the nation begins its transition into the new administration.

The team is also joined by Oxford Economics US chief economist Ryan Sweet, who stops by the podcast to discuss the latest economic forecasting, in addition to the potential impact of Trump's tariffs on the economy.

Capitol Gains is Yahoo Finance’s unique look at how US government policy will impact your bottom line long after the Presidential election polls have closed.

Thoughts? Questions? Fan mail? Email us at [email protected]

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Yahoo Finance’s Rachelle Akuffo, Ben Werschkul and Rick Newman join the rest of the Yahoo Finance team in a post-Election Day special, analyzing everything you need to know from the polls that will impact your bottom line.

In the full hour-long special, Yahoo Finance breaks down how Wall Street is digesting the results the morning after the 2024 election. Tune in as we bring the power of the Morning Brief, Capitol Gains, Opening Bid, and Yahoo News together to guide you through what you need to know about the market day ahead. You can watch this special episode here.

Key guests include:

—Steve Sosnick, Interactive Brokers Chief Strategist

—Doug Holtz-Eakin, American Action Forum President, Former Director of the Congressional Budget Office

—Keith Lerner Truist Co-CIO & Chief Market Strategist

—Bill Blain Wind Shift Capital Founder

—Marija Veitmane State Street Global Markets Head of Equity Research

—Andrew Romano, Yahoo! News Political Reporter

—Meltem Demirors, Crucible Capital General Partner

To watch more expert insights and analysis on the latest market action, check out more Morning Brief, Opening Bid, and Capitol Gains

Capitol Gains is Yahoo Finance’s unique look at how US government policy will impact your bottom line long after the Presidential election polls have closed.

Thoughts? Questions? Fan mail? Email us at [email protected].

00:00-Welcome to Yahoo Finance's election special

24:00-Opening Bid

36:00-Exit polls breakdown

45:00-Bitcoin high

52:00-Capitol Gains

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As the United States enters the eleventh hour leading up to Election Day, eyes remain on the future of the U.S. economy, especially with Vice President Kamala Harris and former President Donald Trump having very different approaches on economic policy.

In this week’s episode of Capitol Gains, anchor Rachelle Akuffo, Washington Correspondent Ben Werschkul, and senior columnist Rick Newman discuss the $34 trillion national debt, as well as the latest from Trump’s billionaire allies like Elon Musk and John Paulson who want to come in and help cut the federal budget should Trump be elected into office.

Ultimately, Musk and Paulson cannot make these calls themselves. Congress decides where to designate funds or make cuts to the federal budget. They will be the ones deciding where to make budgetary concessions as well as the amount. And then that can get complicated due to congressional relationships with various government agencies.

“Every member of Congress has some stake, some turf in some portion of the federal government,” Newman says. They’re not going to give up their turf because turf is power.”

Later, they are joined by Democratic Senator of Arizona, Mark Kelly, to discuss the state of the race in the battleground state of Arizona, as well as his reaction to Trump’s comments on the CHIPS act.

Watch more episodes of Capitol Gains here.

Capitol Gains is Yahoo Finance’s unique look at how US government policy will impact your bottom line long after the Presidential election polls have closed.

Thoughts? Questions? Fan mail? Email us at [email protected]

Learn more about your ad choices. Visit megaphone.fm/adchoices

We are in the home stretch of the 2024 election cycle and the race between Vice President Kamala Harris and former President Donald Trump could not be more tight. Though the polls remain close, the margin between the two is much wider in the world of betting markets. What does this mean for the campaigns? We get into it.

In this week’s episode of Capitol Gains, anchor Rachelle Akuffo, Washington Correspondent Ben Werschkul, and senior columnist Rick Newman are joined by Jim Bianco, president and macrostrategist of Bianco Research, to discuss the betting markets and whether or not they are a good indicator of who could be elected to be the next President of the United States.

While the betting markets are favoring a Trump victory, Bianco argues it’s a trend that is following the former president's poll trajectory.

“The whole point of the betting markets is they're supposed to anticipate what's coming next,” Bianco says. “Doesn't mean they're right. It's just that there's a logical reason for why it's trading there.”

Ultimately the only true deciding factor will come down to voter turnout on Election Day.

Watch more episodes of Capitol Gains here.

Capitol Gains is Yahoo Finance’s unique look at how US government policy will impact your bottom line long after the Presidential election polls have closed.

Thoughts? Questions? Fan mail? Email us at [email protected]

Learn more about your ad choices. Visit megaphone.fm/adchoices

The 2024 White House race is a toss-up between Vice President Kamala Harris and former President Donald Trump. As the campaigns continue to push on in these final weeks, we have our eyes on both candidates to see if they can make any more headway with undecided voters. Will Harris’s Fox News interview move the needle? Can Trump’s billionaire backers and tax promises push him to the finish line? We get into it.

In this week’s episode of Capitol Gains, anchor Rachelle Akuffo, Washington Correspondent Ben Werschkul, and senior columnist Rick Newman break down how the candidates are spending their time in these final days of the election cycle and hone in on Elon Musk and his support for the Trump campaign.

“Musk has a lot riding on the election,” Werschkul says. In recent days the tech mogul turned social media CEO put 75 million dollars into his super-PAC supporting the Trump campaign. “He wants influence here and he’s putting a big bet on his ability to get it.”

Later in the episode, Akuffo, Werschkul, and Newman are joined by Rachel Snyderman, Managing Director of Economic Policy from the Bipartisan Policy Center, to discuss expiring tariffs, expiring tax cuts, and a potential “fiscal armageddon.”

Watch more episodes of Capitol Gains here.

Capitol Gains is Yahoo Finance’s unique look at how US government policy will impact your bottom line long after the Presidential election polls have closed.

Thoughts? Questions? Fan mail? Email us at [email protected]

Learn more about your ad choices. Visit megaphone.fm/adchoices

With officially less than a month until Election Day, Vice President Kamala Harris and former President Donald Trump begin their final campaign sprints in the race to the White House.

Between the release of the new pillar to her ‘care economy’ as well as her big media blitz to increase voter outreach, it was a busy week for Harris. Will these latest strategies work in favor or against her campaign?

In this week’s episode of Capitol Gains, anchor Rachelle Akuffo, Washington Correspondent Ben Werschkul, and Senior Columnist Rick Newman sound off on Harris’s new policy updates, talk about what’s new with undecided voters, and discuss the latest with the economy and how it’s working in President Joe Biden’s favor.

Later in the episode, Akuffo, Werschkul, and Newman are joined by Michael Medved, host of The Michael Medved Show, to talk about Trump’s tariffs plan and how it could impact the national debt. While projections indicate that the national debt would rise under another Trump administration, Werschkul asks Medved why economic policymakers in Washington D.C. are not publicly speaking more on the issue. Medved keeps his answer simple.

“Nobody believe’s [Trump would] get it through congress.”

Capitol Gains is Yahoo Finance’s unique look at how US government policy will impact your bottom line long after the Presidential election polls have closed.

Thoughts? Questions? Fan mail? Email us at [email protected]

Learn more about your ad choices. Visit megaphone.fm/adchoices

We are just north of a month away from Election Day and the country is watching to see if there are any October surprises that could potentially affect Vice President Harris's or former President Donald Trump’s campaigns.

In this week’s episode of Capitol Gains, anchor Rachelle Akuffo, Washington Correspondent Ben Werschkul, and senior columnist Rick Newman break down the current events that are making headlines and could potentially impact the economy and move the needle ahead of Election Day.

Editor’s note: This week's episode of Capitol Gains was recorded prior to the East Coast ports suspending their strike.

“There are three October surprises happening simultaneously”, according to Werschkul. We are only a few days into October and the candidates and nation are facing the growing conflict in the Middle East, aftermath of Hurricane Helene, and East Coast port strikes. While Werschkul believes the handling of the hurricane has pulled a lot of presidential focus, Newman believes the tensions in the Middle East could affect the election if something happens to oil and gasoline prices.

Later in the episode, Akuffo, Werschkul, and Newman are joined by Kyle Kondik, Sabato’s Crystal Ball Managing Editor at the University of Virginia Center for Politics to discuss battleground states as well as deciding factors that could sway voters.

Watch more episodes of Capitol Gains here.

Capitol Gains is Yahoo Finance’s unique look at how US government policy will impact your bottom line long after the Presidential election polls have closed.

Thoughts? Questions? Fan mail? Email us at [email protected]

Learn more about your ad choices. Visit megaphone.fm/adchoices

With less than 40 days until Election Day, potential October Surprises looming on the horizon, and Vice President Kamala Harris and former President Donald Trump essentially tied in the polls, the candidates are doing everything in their power to try to move the needle in their favor. Will their policies on manufacturing be the thing to make it happen?

In this week’s episode of Capitol Gains, anchor Rachelle Akuffo, Washington Correspondent Ben Wershkul, and senior columnist Rick Newman break down Vice President Harris’s latest pillar to her “opportunity economy” plan that focuses on manufacturing. How does it compare to former President Trump’s policy? Wershkul says while both candidates have the same end goal, they go about them in "pretty different means."

For Harris, her plan according to Wershkul is, "a lot of government involvement in specific sectors that she calls 'sectors for the future'." These could include areas such as biomanufacturing, aerospace, and quantum computing. Though the Harris campaign has yet to outline the extent of their involvement, Werkshul says, "if you work in those sectors or invest in those sectors, a President Harris would have a keen interest."

For Trump, he continues to reiterate his manufacturing policy, which, according to Werkshul, is, "essentially a wall around the country in the form of tariffs."

This episode is also joined by former governor of Vermont, Howard Dean to discuss the election, economic populism, as well as the state of healthcare in the United States.

Watch more episodes of Capitol Gains here.

This post was written by Lauren Pokedoff

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This week marked a major milestone for the US economy.

On Wednesday, the Federal Reserve cut interest rates by fifty basis points for the first time since 2020. Though this moment is charting a new path forward for the future in the fight against inflation, people on both sides of the aisle have their own opinions on what this means for the economy moving forward. What does this all mean and how does the presidential election come into play? We dive into it.

In this week’s episode of Capitol Gains, anchor Rachelle Akuffo, Washington Correspondent Ben Wershkul, and senior columnist Rick Newman chat all things Fed. They are later joined by retired four-star Army Gen. Wesley Clark, to discuss foreign policy and its influence on the upcoming election and the economy.

“I think the biggest impact is going to be what happens in the Middle East,” General Clark explains. “I think it could really change the election…”

Later, Yahoo News reporter Andrew Romano drops by to give us the latest post-debate polling updates for the presidential election.

Watch more episodes of Capitol Gains here.

Capitol Gains is Yahoo Finance’s unique look at how US government policy will impact your bottom line long after the Presidential election polls have closed.

Thoughts? Questions? Fan mail? Email us at [email protected]

Learn more about your ad choices. Visit megaphone.fm/adchoices