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11 07 24 iHeartRadio's Erin Real discusses the market reaction to Trump presidency
But there's only one feeling like knowing your banker personally, like growing up with a bank you can count on, like being sure what you've earned is safe, secure, and local. There's only one feeling like knowing you're supporting your community. You deserve more from a bank. You deserve an institution that stood strong for generations. Bank of Colorado, there's only one. Member FDIC. I have a way to make your morning more efficient. You can get caught up on the news in about seven minutes. That is my promise to you as the host of the Seven Podcast from The Washington Post. And in that time, I will run down seven stories, everything from the most important headlines to fascinating new information you might miss otherwise. My name's Hannah Jewell. Go follow The Seven right now, wherever you're listening. And we will get you caught up. Make someone's holiday unforgettable with a Visio 50" 4K Smart TV, now just $2.39.99 at Target. Experience stunning clarity that brings movie marathons to life like never before. With Watch3 Plus built in, enjoy free live and on-demand TV right out of the box. Plus, dream all your favorite holiday songs with the iHeartRadio app. Whether it's a gift for the family or an upgrade to your own setup, this incredible value delivers 4K brilliance without breaking your holiday budget. Get your Visio 50" 4K Smart TV at Target for just $2.39.99 today. In the day after election day, now we take a look at your money. There's always a big concern about how Wall Street will react following the presidential election. And joining us now in the iHeart National Correspondent, it's Aaron Rialle. Aaron, thanks for joining us this morning. Looking at the stock futures, they look to be buoyed by this. We already had a story about cryptocurrency really going off the rails as well. What are you seeing? Yep, they love it. The markets love it, Dow up 1,100 points. By the way, this is the first time since November of 2022 that we've seen the blue chip actually go up over 1,000 points. Russell futures up 4%. We have the S&P gaining almost 2% in pre-market trading, same for the NASDAQ, 1.5%. Bitcoin, as you mentioned, all-time high, $75,000. And then the dollar, the dollar itself, that is at its highest level since July going into this morning's pre-market trading. People think Trump's tariffs are going to boost the greenback because you're going to need dollars to pay those as importers. And then even if you look at the long-term investment vehicles, you have the 10-year treasury. That's up 4.4%. Pretty much all of the Trump trades, everything from financials to private prisons, are looking good. I know it's not looking great this morning, guys. Solar. I think the renewables, those type of things, not performing that well. Warren, was this all pretty much expected? Do the markets generally prefer a Trump economy over what we could have saw with the Harris economy? No, not necessarily. That's interesting. If you look at Goldman, they don't like this tariff idea at all. So the question becomes, is that just a bargaining chip? Is it really going to do that? That could be real bad, real, real bad. So we'll have to see how that performs. But what's interesting is if you look at CNBC data going back all the way to the 1980s, it suggests that the markets actually tend to gain between election and the new year. However, in the week after the vote, they typically fall. So I am very keen to see what happens today and tomorrow and the rest of the week. Let's see if the markets really do love this or if it's just the history of repeating itself. We don't know. We'll have to see. Aaron, something else you've been covering and watching very closely, and I saw days ago that it was really shedding and hemorrhaging money, but the Trump's platform, Truth Social, what have you seen now in the last 24 hours with that? 50% up. People just love this thing. Well, they don't love it. Actually, if you look at the trademark, it's down right now. It's trading at 30, 394. But if you look at it like year to date, it's up, I believe, something like 80%. It is a meme stock. It performs like a meme stock. The volatility makes game stock look stable, like this is 1,000%. I only say 100%, 100% tied to Trump as the individual and has perceived wins and losses at life, more so than the fundamentals of the company, that being Trump Media and Technology Group, which is what like DJT, the ticker symbol on the NASDAQ is, which is the owner of Truth Social. Now, what will Truth Social evolve into following this? We'll have to see. It could be something -- it's not a performing company, it's a tremendous loss, it's Devin Nunes runs it, but that doesn't mean that the stock isn't doing well. We'll continue following all of this with Business and Money News and Pat Whitter throughout the morning here as well. I Heart Media national correspondent, it's Aaron Rial. There's only one feeling like knowing your banker personally, like growing up with a bank you can count on, like being sure what you've earned is safe, secure, and local. There's only one feeling like knowing you're supporting your community. You deserve more from a bank. You deserve an institution that stood strong for generations. Bank of Colorado, there's only one member FDIC. I have a way to make your morning more efficient. You can get caught up on the news in about seven minutes. That is my promise to you as the host of the Seven Podcast from The Washington Post. And in that time, I will run down seven stories, everything from the most important headlines to fascinating new information you might miss otherwise. My name's Hannah Jewell. Go follow The Seven right now, wherever you're listening. And we will get you caught up. The Quantum Pro features wide viewing angle and anti-glare film, so everyone at your gatherings gets the perfect view, no matter where they sit. With built-in apps like iHeartRadio ready to go, you can stream your favorite holiday music right out of the box. Leave $200 on the 75-inch Visio Quantum Pro Smart TV at Walmart today.