In the spotlight, the Republican presidential candidate Donald Trump will be interviewed on the social media platform 'X,' founded by Elon Musk, at 8 pm on August 12th (morning of August 13th, Beijing time). As a former president and candidate for the 2024 presidential election, Trump undoubtedly draws media and public attention when interviewed by tech giant CEO Musk. After experiencing an assassination attempt in Pennsylvania last month, Musk broke the convention of social media platform leaders' neutrality by announcing his support for Trump. Musk stated today on X that his interview with Trump will be an 'impromptu conversation without limiting any topic.' The interview will be broadcast live on X at 8 pm Eastern Time on Monday. The U.S. presidential election is one of the hottest topics globally this year. Trump, as a former U.S. president and one of the most powerful competitors in the current election, cannot avoid this topic during the interview. After experiencing an assassination attempt in Pennsylvania, Trump's approval rating surged at one point, and the 'Trump trade' shook the global capital markets, causing a sharp rise in the market's attention to the 'Trump trade.' Investors generally bullish on the 'Trump trade' that may benefit from Trump's loose fiscal policy, raised trade tariffs, and weakened regulation: the U.S. dollar supported, the U.S. bond yield rose, and bank stocks, medical stocks, energy stocks, as well as bitcoin, rose. However, the good times did not last long. When Biden announced he would not run for re-election as President of the United States, current Vice President Harris became the Democratic Party's candidate for the presidency, and the election situation became even more confusing. The latest polls showed that, concerning the economy, current Vice President of the United States Kamala Harris' approval rating had tied with former President Trump. The survey found that 42% of voters trusted Harris on economic issues, while 41% of voters trusted Trump. This interview between Trump and Musk will likely generate massive exposure and attention. During the interview, Trump is likely to demonstrate his competitive strategy for the 2024 election, expound on his views on current political situations, and reiterate his policy positions and proposals to obtain more voters' understanding and support. However, opinions on how Trump's election as President may impact the financial market among Wall Street analysts and economists are not unanimous, as the impact brought by the policies Trump touted during the campaign may be self-contradictory. For example, his most popular tax reduction policy could push up inflation and interest rates, while his signature tariff policy could suppress consumer spending and restrain inflation. This contradiction makes it difficult for the market to form a consensus on the 'Trump trade.' Through this interview, market participants may gain clearer clues about Trump's specific strategies during the election and his ideas for future economic policies. Such direct communication is expected to increase transparency, promote deeper understanding of the 'Trump trade' in the market, and possibly further stimulate discussions and attention on this topic.
As the Republican presidential candidate, Donald Trump will be interviewed on the social media platform 'X,' founded by Elon Musk, at 8 pm on August 12th (morning of August 13th, Beijing time). $Tesla (TSLA.US)$ Since experiencing an assassination attempt in Pennsylvania last month, Trump has drawn media and public attention. Musk broke the convention of social media platform leaders' neutrality by announcing his support for Trump. Musk stated today on X that his interview with Trump will be an 'impromptu conversation without limiting any topic.' The interview will be broadcast live on X at 8 pm Eastern Time on Monday.
Musk announced that his interview with Trump will take place at 8 pm on Monday evening, Eastern Time on the social media platform 'X.'
In this interview, Trump and Musk may discuss various issues, including the US election, electric vehicle industry policies, the development of cryptos, and the impact of technology on politics and the economy.
US Presidential Election.
As a former U.S. president and one of the most powerful competitors in the current U.S. presidential election, the topic of Trump will naturally be unavoidable during the interview. After experiencing an assassination attempt in Pennsylvania, Trump's approval rating surged at one point, and the 'Trump trade' shook the global capital markets, causing a sharp rise in the market's attention to the 'Trump trade.' Investors generally bullish on the 'Trump trade' that may benefit from Trump's loose fiscal policy, raised trade tariffs, and weakened regulation: the U.S. dollar supported, the U.S. bond yield rose, and bank stocks, medical stocks, energy stocks, as well as bitcoin, rose.
However, the situation changed after Joe Biden announced that he would not run for re-election as President of the United States, and the current Vice President, Kamala Harris, became the Democratic Party's candidate for the presidency. The U.S. presidential election is one of the hottest topics globally this year in terms of economic issues. Harris' approval rating tied with former President Trump, with 42% of voters trusting Harris on economic issues and 41% of voters trusting Trump.
This interview between Trump and Musk will likely generate massive exposure and attention. Trump is likely to demonstrate his competitive strategy for the 2024 election, expound on his views on current political situations, and reiterate his policy positions and proposals to obtain more voters' understanding and support.
However, opinions on how Trump's election as President may impact the financial market among Wall Street analysts and economists are not unanimous, as the impact brought by the policies Trump touted during the campaign may be self-contradictory. Through this interview, market participants may gain clearer clues about Trump's specific strategies during the election and his ideas for future economic policies.
This direct communication in the interview is expected to increase transparency, promote deeper understanding of the 'Trump trade' in the market, and possibly further stimulate discussions and focus on this topic.
In the auto industry, Elon Musk, CEO of Tesla, a leading company in electric vehicles, is an advocate of automotive electrification. On the other hand, Trump had previously criticized President Biden's electric vehicle policy. The topic of electric vehicles will be one of the market's key focuses.
Elon Musk, CEO of Tesla, a leading company in the electric vehicle industry, will interview the Republican presidential candidate, Donald Trump, on the social media platform 'X.'
In the Republican National Convention held last month, Trump criticized the Biden administration's issuance of a 'mandatory order for electric vehicles,' forcing American people to buy electric cars. He stated that if he were elected President of the United States, he would immediately cancel Biden's electric vehicle policy after taking office.
However, Trump stated in a George rally in Georgia earlier this month that he 'supports electric cars' and that he 'must do this' because 'Elon supported me strongly, so I have no choice.' However, Trump later stated that he does not support electric cars for everyone.
Market investors did not consider Trump's potentially adverse position on electric vehicle policy as a negative signal for Tesla. After Musk publicly supported Trump on the 'X' platform, Tesla rose nearly 7% on the first trading day after Trump's assassination attempt. Conservative analysts believe that no matter how Trump plans to adjust electric vehicle policy, Musk and Tesla are unlikely to suffer.
Wedbush analyst Dan Ives previously pointed out that although Trump's re-election as president will have an overall negative impact on the electric car industry, it may still be a "potential bullish" for Tesla. Ives explained that if the government cancels the $7,500 federal tax credit for new electric car purchases, Tesla could have a "clear competitive advantage" and regain market share. Hedging fund Ambienta also believes that Trump's tariff policy may benefit Tesla.
Cryptos
As public supporters of cryptos, Trump and Musk are likely to discuss crypto topics, boosting confidence in the cryptocurrency market. In March of this year, Trump met with Musk and other donors. At the time, participants in the crypto industry speculated that Musk had become Trump's cryptocurrency advisor, but Musk later denied these claims.
Musk himself is a holder of multiple cryptos, including bitcoin, dogecoin, and others. Tesla, under his leadership, had disclosed in its financial reports that it had purchased $1.5 billion worth of bitcoin and had accepted bitcoin as a payment method for its vehicles. $Bitcoin (BTC.CC)$Please use your Futubull account to access the feature.$Ethereum (ETH.CC)$ In contrast, Trump had a negative attitude towards cryptos, especially bitcoin, calling it "coming out of thin air." However, with the launch of his own NFT and crypto investments, his views began to slowly change. At the end of July this year, at the bitcoin conference, he announced plans to make the United States a global center for cryptos and a superpower in bitcoin. This statement immediately caused violent fluctuations in the crypto market of that day, with bitcoin prices experiencing a V-shaped reversal and briefly exceed $0.069 million. Although the price subsequently fell back, this surge attracted widespread attention.
Market participants are looking forward to obtaining more detailed answers about supporting regulation to stimulate innovation and investor protection, or about actions and potential reforms by the US Securities and Exchange Commission (SEC) to make the country a more attractive center for crypto business. Market participants expect them to discuss the economic impact of widespread adoption of cryptos, and the interview may also focus on how to improve public understanding and confidence in cryptos.
Ending
In this interview, the two may discuss the current economic situation, especially the challenges in inflation, employment, and international trade. They may explore how to support economic growth and innovation through policy.
It is worth noting that Trump and Musk also have differences on specific policies. For example, on the timing of the Fed's interest rate cuts, Trump previously said in an interview with Bloomberg Businessweek that the Fed should avoid cutting interest rates before the November election. In contrast, Musk said it was foolish for the Fed not to cut interest rates in July, and the US missed the opportunity to cut interest rates.
In addition, as a leader in the tech industry, Musk may also discuss his vision for future technological development with Trump, including the prospects for electric cars, space exploration, and artificial intelligence.
Market investors will pay attention to the dialogue between the two figures with great influence in their respective fields. Whether supporters or opponents, this interview will provide an important opportunity to understand their viewpoints and ways of thinking. Let's wait and see!
Which topics do you think the two will discuss in this interview, and what impact will it have on the market?
They may discuss the current economic situation, policy support for economic growth and innovation, the impact of cryptos on the economy, and how to improve public understanding and confidence in cryptos.
What impact it will have on the market depends on the content of the interview and the market's reaction to it.
Editor / jayden