Harris Privately Courts Business Leaders
1Digest
The podcast begins with a public service announcement from Feeding America, emphasizing the importance of food assistance. It then delves into international news, starting with Israel's interception of a missile fired by Hezbollah towards Tel Aviv, escalating tensions between the two parties. The podcast also discusses China's recent ICBM test and its potential impact on regional security, as well as Taiwan's report of increased Chinese military activity near its airspace. Moving on to domestic news, the podcast examines a Senate report detailing security failings during a near assassination attempt on Donald Trump in Pennsylvania. The report highlights an unclear chain of command and technological issues within the Secret Service. The podcast then shifts to economic news, focusing on China's economic stimulus package and its potential impact on global oil demand. The podcast also explores the disagreement between OPEC and the IEA regarding global oil demand, with China at the center of the debate. Finally, the podcast discusses Vice President Kamala Harris's efforts to cultivate relationships with corporate leaders to counter perceptions of her as too progressive and demonstrate her ability to manage the economy. The podcast concludes with an analysis of Argentina's new economic policies and their impact on the rental market in Buenos Aires.
Outlines
Global News and Public Service Announcement
The podcast begins with a public service announcement from Feeding America, emphasizing the importance of food assistance. It then delves into international news, covering Israel's interception of a missile fired by Hezbollah towards Tel Aviv, China's recent ICBM test, and Taiwan's report of increased Chinese military activity near its airspace.
Domestic News and Security Failings
The podcast examines a Senate report detailing security failings during a near assassination attempt on Donald Trump in Pennsylvania. The report highlights an unclear chain of command and technological issues within the Secret Service.
Economic News and Global Oil Demand
The podcast focuses on China's economic stimulus package and its potential impact on global oil demand. The podcast also explores the disagreement between OPEC and the IEA regarding global oil demand, with China at the center of the debate.
Political Developments and Economic Policies
The podcast discusses Vice President Kamala Harris's efforts to cultivate relationships with corporate leaders to counter perceptions of her as too progressive and demonstrate her ability to manage the economy. The podcast concludes with an analysis of Argentina's new economic policies and their impact on the rental market in Buenos Aires.
Keywords
Intercontinental Ballistic Missile (ICBM)
A long-range ballistic missile capable of traveling outside the Earth's atmosphere and striking targets thousands of miles away. ICBMs are typically equipped with nuclear warheads and are considered a key component of a nation's nuclear arsenal.
Air Defense Identification Zone (ADIZ)
An area of airspace over which a country asserts the right to identify, locate, and control aircraft. ADIZs extend beyond a country's territorial airspace and are used to enhance national security and monitor potential threats.
Fiscal Experiment
A deliberate attempt by a government to implement a new set of economic policies to test their effectiveness and impact on the economy. Fiscal experiments often involve changes to government spending, taxation, or monetary policy.
Triple Digit Inflation
A situation where the rate of inflation exceeds 100%, meaning that prices are doubling or increasing at an even faster rate. Triple-digit inflation is a severe economic problem that can lead to widespread economic instability and social unrest.
Quid Pro Quo
A mutual exchange of goods or services, often involving an implied or explicit agreement. In politics, quid pro quo can refer to a situation where a politician or official grants a favor in exchange for something of value, such as a campaign contribution or political support.
Antitrust Policy
A set of laws and regulations designed to prevent monopolies and promote competition in the marketplace. Antitrust policies aim to ensure that consumers have access to a wide range of goods and services at fair prices.
Unrealized Gains
Profits that have not yet been realized from the sale of an asset, such as stocks or real estate. Unrealized gains are considered potential profits that may be realized in the future.
Political Orphans
Individuals or groups who feel alienated or unsupported by the political establishment or mainstream political parties. Political orphans often lack a clear sense of belonging or representation within the existing political landscape.
Q&A
What are the key security failings identified in the Senate report regarding the assassination attempt on Donald Trump?
The report highlights an unclear chain of command within the Secret Service, making it difficult for agents to identify the final decision-maker during the event. Additionally, technological issues delayed the deployment of a system that could have detected the drone flown by the shooter.
How is China's economic stimulus impacting global oil demand?
China's stimulus measures, including an interest rate cut, are expected to boost global oil demand, reversing a trend of shrinking demand from China. This is a welcome prospect for oil producers, but the extent of the impact remains uncertain.
What is the main point of disagreement between OPEC and the IEA regarding global oil demand?
OPEC predicts higher global oil demand than the IEA, with China at the center of the disagreement. This difference in forecasts creates uncertainty for energy companies and investors, making it more difficult to invest in new oil and gas production.
What is Kamala Harris's strategy in courting corporate America?
Harris is trying to cultivate relationships with business leaders to counter perceptions of her as too progressive and demonstrate her ability to manage the economy. She has hosted dinners with CEOs and has been in contact with them on issues such as antitrust policy and taxation.
How has Argentina's President Javier Milei's policies impacted the rental market in Buenos Aires?
Milei's decision to scrap government price controls on housing rents has led to a booming rental market in Buenos Aires. While more apartments are available, renters face shorter lease terms and more frequent rent increases.
Show Notes
A.M. Edition for Sept. 25. With many top executives undecided on which candidate to support, the WSJ’s Tarini Parti says Kamala Harris is making a quiet play for Corporate America’s backing. Plus, Israel intercepts a Hezbollah missile headed for Tel Aviv. And, WSJ Heard on the Street columnist Carol Ryan explains how widely diverging OPEC and IEA forecasts about how much oil the world needs are roiling the sector. Luke Vargas hosts.
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