DiscoverWSJ What’s NewsNikki Haley Throws Support Behind Trump
Nikki Haley Throws Support Behind Trump

Nikki Haley Throws Support Behind Trump

Update: 2024-07-17
Share

Digest

Nikki Haley, a former South Carolina governor and Trump's primary opponent, endorsed him at the Republican National Convention, highlighting the GOP's focus on unity after Trump's near assassination. Haley's endorsement is significant as she appeals to suburban women, a demographic Trump has struggled to win over. The GOP platform also includes pledges to defend cryptocurrency, eliminate taxes on tips, and return to its "roots as the party of industry." Meanwhile, President Biden is seeking to appeal to progressives by pushing for Supreme Court reforms, including term limits and enforceable ethics rules. He is also considering backing a constitutional amendment to limit presidential immunity. Elon Musk announced he is moving X and SpaceX from California to Texas, citing California's new law preventing schools from informing families about their children's gender identity. The move aligns with Musk's conservative stance on social issues. The Wall Street Journal's latest quarterly survey shows economic forecasters remain optimistic, and New York Fed President John Williams suggests the Fed is closer to cutting rates. The report also covers the latest business news, including stock futures pointing to a pullback after record highs, earnings season updates, and data on industrial production and housing starts.

Outlines

00:00:00
Introduction

This Chapter introduces the podcast and its host, Kate Boulevant, who is filling in for Luke Vargas. The podcast focuses on the top headlines and business stories of the day.

00:01:03
Nikki Haley Endorses Trump at Republican National Convention

This Chapter discusses Nikki Haley's endorsement of Donald Trump at the Republican National Convention. Haley was a strong opponent of Trump in the primaries and her endorsement is seen as a significant step towards party unity. The chapter also highlights the importance of Haley's appeal to suburban women, a demographic Trump has struggled to win over.

00:03:08
GOP Platform Includes Crypto, Tip Tax Elimination, and Focus on Workers

This Chapter explores the Republican Party's platform, which includes several notable financial policy firsts. The GOP has become the first major U.S. political party to specifically mention cryptocurrency in its platform, pledging to defend Bitcoin mining and digital asset ownership. The platform also includes a pledge to eliminate taxes on tips, a policy first floated by Trump. Additionally, the GOP commits to returning to its "roots as the party of industry," focusing on manufacturing, infrastructure, and workers.

00:08:13
Biden Pushes for Supreme Court Reforms and Elon Musk Moves Companies to Texas

This Chapter covers President Biden's efforts to appeal to progressives by pushing for sweeping changes to the Supreme Court, including term limits and enforceable ethics rules. He is also considering backing a constitutional amendment to limit presidential immunity. The chapter also discusses Elon Musk's decision to move X and SpaceX from California to Texas, citing California's new law preventing schools from informing families about their children's gender identity. The move aligns with Musk's conservative stance on social issues.

Keywords

Republican National Convention


The Republican National Convention (RNC) is a quadrennial event held by the Republican Party to formally nominate its presidential and vice presidential candidates. It is a major event in the American political calendar, attracting significant media attention and public interest. The RNC typically features speeches from prominent party members, including the presidential nominee, and sets the party's platform for the upcoming election.

Nikki Haley


Nikki Haley is an American politician who served as the 116th Governor of South Carolina from 2011 to 2017. She was the first female governor of South Carolina and the first Indian-American governor in the United States. Haley is a member of the Republican Party and was the U.S. Ambassador to the United Nations from 2017 to 2018. She is considered a potential candidate for the Republican presidential nomination in 2024.

Donald Trump


Donald John Trump is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021. He is a controversial figure known for his outspoken views and business dealings. Trump is a member of the Republican Party and is considered a populist and nationalist. He is currently running for president again in 2024.

Joe Biden


Joseph Robinette Biden Jr. is an American politician who is serving as the 46th and current president of the United States. He is a member of the Democratic Party and previously served as the 47th vice president from 2009 to 2017 under President Barack Obama. Biden is known for his moderate political views and his long career in public service.

Supreme Court


The Supreme Court of the United States is the highest federal court in the country. It is composed of nine justices who are appointed for life by the president and confirmed by the Senate. The Supreme Court has the power to review laws passed by Congress and the president, and to interpret the Constitution. Its decisions are binding on all lower courts in the United States.

Elon Musk


Elon Reeve Musk is a South African-born American entrepreneur and businessman who founded X.com in 1999 (which later became PayPal), SpaceX in 2002 and Tesla Motors in 2003. Musk became a multimillionaire in his late 20s when he sold his start-up company, Zip2, to a division of Compaq Computers. He later founded X.com, an online financial services company that merged with Confinity to become PayPal, which was acquired by eBay in 2002 for $1.5 billion. Musk made headlines in 2002 when he founded SpaceX, a space exploration company that aims to reduce space transportation costs and enable the colonization of Mars. In 2004, he joined electric vehicle manufacturer Tesla Motors, Inc. (now Tesla, Inc.) as chairman and product architect, becoming its CEO in 2008. He has also founded The Boring Company, a tunnel construction company, and Neuralink, a neurotechnology company.

Cryptocurrency


Cryptocurrency is a digital or virtual currency that uses cryptography for security. It is decentralized, meaning it is not subject to government or financial institution control. Bitcoin is the most well-known cryptocurrency, but there are many others, including Ethereum, Litecoin, and Ripple. Cryptocurrencies are often used for online transactions, and their value can fluctuate significantly.

Federal Reserve


The Federal Reserve System, commonly known as the Fed, is the central bank of the United States. It was created by Congress in 1913 to provide a more stable monetary and financial system. The Fed's responsibilities include setting interest rates, controlling the money supply, and supervising banks. It also plays a role in regulating financial markets and providing financial services to the government.

Interest Rates


Interest rates are the cost of borrowing money. They are expressed as a percentage of the amount borrowed. When interest rates are high, it is more expensive to borrow money, and this can slow down economic growth. When interest rates are low, it is cheaper to borrow money, and this can stimulate economic growth. The Federal Reserve sets interest rates in the United States.

Q&A

  • What was the significance of Nikki Haley's endorsement of Donald Trump at the Republican National Convention?

    Haley's endorsement was significant because she was a strong opponent of Trump in the primaries and her support is seen as a step towards party unity. Additionally, Haley's appeal to suburban women, a demographic Trump has struggled to win over, makes her endorsement particularly valuable.

  • What are some of the key policy points included in the Republican Party's platform?

    The GOP platform includes several notable financial policy firsts, such as a pledge to defend cryptocurrency, eliminate taxes on tips, and return to its "roots as the party of industry." These policies aim to appeal to various groups, including the crypto community, hourly workers, and union members.

  • What changes to the Supreme Court is President Biden proposing?

    Biden is pushing for sweeping changes to the Supreme Court, including term limits and enforceable ethics rules. He is also considering backing a constitutional amendment to limit presidential immunity. These proposals are aimed at appealing to progressives and addressing concerns about the court's legitimacy.

  • Why is Elon Musk moving X and SpaceX from California to Texas?

    Musk is moving his companies to Texas in response to California's new law preventing schools from informing families about their children's gender identity. This move aligns with Musk's conservative stance on social issues and reflects his dissatisfaction with California's policies.

  • What is the current outlook for the U.S. economy?

    Economic forecasters remain optimistic about the U.S. economy, according to the Wall Street Journal's latest quarterly survey. New York Fed President John Williams suggests that the Fed is closer to cutting rates, indicating a positive outlook for economic growth.

Show Notes

A.M. Edition for July 17. Donald Trump’s fiercest rival in the primaries endorses him, and WSJ’s Ben Pershing says Haley’s appeal among suburban women could give Trump a boost in the race for the White House. Plus, we’ll look at Republicans’ efforts to make inroads with various groups, and President Biden’s plans to court progressives. And, Elon Musk says he is moving the headquarters of X and SpaceX to Texas from California. Kate Bullivant hosts. 




Sign up for the WSJ’s free What’s News newsletter.


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

Comments 

Table of contents

00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

Nikki Haley Throws Support Behind Trump

Nikki Haley Throws Support Behind Trump

The Wall Street Journal