Wall Street Executives Split Between Trump, Harris

As the presidential election approaches, Wall Street executives are divided in their support for Democratic candidate Kamala Harris and Republican Donald Trump. While some prominent figures like Bill Ackman and Marc Andreessen have shifted their endorsements to Trump, citing favorable tech policies, others, including Jonathan Gray of Blackstone, continue to support Harris. Many executives express concerns about Trump's potential economic instability and are uncertain about Harris's regulatory approach, fearing she may continue Biden's crackdown on Wall Street businesses. Despite Trump's promise to cut taxes and regulations, executives worry that his planned tariffs could lead to inflation and increased U.S. deficits. The complexities of both candidates' policies leave many on Wall Street eager for clarity on Harris's economic stance following her recent speech, which provided little insight. Overall, the financial elite's endorsements reflect a deep split in perceptions of the candidates' potential impact on the economy.