|

Trump & Biden do little to impress during dueling town halls

The US President Donald Trump came across frustrated and defensive in Thursday night's town halls in lieu of the cancelled second US presidential debate.

The Democratic nominee Joe Biden, meanwhile, did little to instil confidence, a touch nervous and dithery while doing his best to denounce the White House's handling of the virus.

Trump has proclaimed that the nation was turning the corner on the virus, despite having recently contracted the virus in recent times. 

Trump was specifically asked whether he took a test the day of the Sept. 29 debate.

Trump didn't handle the direct question well, saying "possibly I did, possibly I didn't," which harmed his credibility.

 The debate's rules required that each candidate, using the honour system, had tested negative prior to the Cleveland event.

Overall, it was the differences between how the two candidates carried themselves that media will push in the subsequent press on Friday.

The questions over the QAnon conspiracy group will be particularly damaging, as he complained about the question, seemingly uncomfortable and defensive. 

On the stimulus, he was assertive and blaming House Speaker Nacy Pelosi but claimed that if he can get an agreement with her, the Republicans will agree to it. 

As for tax, he was put on the spot but he said he has a very small percentage of debt (400 million dollars) compared to what he owns such as his real estate. 

''I am extremely under levered''.

Meanwhile, in the blue corner, Biden was more passive and calm, charming the audience. However, he seemed nervous and less presidential. 

The former vice president struggled with a stutter in his youth, and on the night, he seemed to stutter slightly at the beginning of the show. he even hard a handful of notes of prompts to help him through the night. 

Biden was promising to roll back tax cuts for the wealthiest Americans claiming it would save, "let me see...$92 billion," he said.

Market implications 

Either way, no matter who is elected, a large stimulus package is eventually to be agreed in Congress which will ultimately be needed to lift stocks.

Meanwhile, the US dollar is making a comeback as the uncertainty deters investors from taking on risk.

Author

Ross J Burland

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

More from Ross J Burland
Share:

Editor's Picks

EUR/USD struggles aroound 1.1800 as USD stabilizes

EUR/USD stays defensive around 1.1800 in the European session on Thursday. The US Dollar stabilizes, following the recent decline led by tariff uncertainty, capping the pair's upside. All eyes now remain on the US-Iran nuclear talks after ECB President Lagarde's testimony fails to impress Euro bulls. 

GBP/USD drops toward 1.3500 as USD finds fresh demand

GBP/USD falls back toward 1.3500 in the European session on Thursday, snapping its recovery momentum. The pair loses traction as the US Dollar finds fresh demand, as markets turn cautious ahead of the US-Iran nuclear talks. The US trade policy uncertainty also remains a drag on risk sentiment. 

Gold clings to gains amid sustained safe-haven flows ahead of US-Iran talks

Gold sticks to its modest intraday gains through the first half of the European session on Thursday, with bulls still awaiting a sustained move and acceptance above the $5,200 mark before placing fresh bets. 

Stellar: Relief bounce fades as bearish undertone persists

Stellar is trading around $0.16 at the time of writing on Thursday after rebounding more than 8% in the previous day. Derivatives data paints a negative picture as XLM’s short bets hit a monthly high while Open Interest continues to decline.

Nvidia delivers another monster earnings report, and forecasts big things to come

It was another monster earnings report from Nvidia for fiscal Q4. Revenues were $68.1bn, smashing estimates of $65bn. Gross profit margin was a healthy 75%, up from 73.5% in the prior quarter, and the outlook for this quarter was monstrous.

Solana strikes key resistance with double-digit gains

Solana trades at $88 at press time on Thursday, after an 11% upswing the previous day within a broader consolidation range of roughly three weeks. Institutional demand for Solana heightens as US spot SOL Exchange Traded Funds record $30 million of inflow on Wednesday.