20231130

Wall Street Wants Anyone But Biden and Trump for 2024

“Biden’s done a lot of good things. But I think his legacy will not be a good one if he is the nominee,” Ackman said in an upcoming episode of The David Rubenstein Show: Peer-to-Peer Conversations. “The right thing for Biden to do is to step aside, and to say he’s not going to run, and create the opportunity for some competition.”

“You need to be at your intellectual best. And I don’t think Biden is there,” Ackman, 57, said “I don’t say that, you know, with any derision of the president,” he continued. “But I think he’s clearly past his physical and cognitive peak.”

Biden’s allies say the focus on his age is unfair and the president is healthy enough to serve. Trump, 77, also faces his own challenges, including multiple criminal indictments.

Ackman said he’s potentially open to running for office, but said “the country would have to ask me as opposed to me putting myself out there.”

Dimon has run JPMorgan for almost 18 years. The 67-year-old has long quipped he plans to stay in his role for five more years, no matter when asked. He’s faced speculation he might run for president, which he’s denied.

EK: Wow, wow, wow… Who would have thought the US presidency is such an imposition? 2024 Election will be very interesting to watch.

Jamie Dimon Urges Even Liberals to Back Nikki Haley as Alternative to Trump

Jamie Dimon said Republican presidential candidate Nikki Haley could be a good alternative to Donald Trump.

“Even if you’re a very liberal Democrat, I urge you, help Nikki Haley too,” the chief executive officer of JPMorgan Chase & Co. said Wednesday at the New York Times DealBook Summit. “Get a choice on the Republican side that might be better than Trump.”

Haley on Tuesday won the endorsement of Americans for Prosperity Action, the political network with close ties to billionaire Charles Koch. The backing added to momentum the former United Nations ambassador has been building in recent weeks in her efforts to become voters’ main alternative to former President Donald Trump in the Republican primaries. Haley is now in third place, behind Trump and Florida Governor Ron DeSantis, in the RealClearPolitics average of national polls.

Still, Dimon said he worked with Trump when he was president, and will do so with whoever ends up winning the next presidential election.

Dimon, the longest-serving CEO of a big US bank, has run JPMorgan for almost 18 years, building it into the country’s biggest and most profitable lender. The 67-year-old has long quipped that he plans to stay in his role for five more years, no matter when asked.

EK: This made me laugh out loud. >o< Dimon must hate Trump so much.