A Seasoned CEO as President a Good Thing, Says Street
In the hours after Donald Trump’s election as the 45th president of the U.S., Republicans in Congress claimed a mandate for their agenda to revamp financial rules and replace Obamacare, and Hillary Clinton urged her supporters to give him a chance to govern. Turbulence in financial markets calmed, after a knee-jerk sell-off in stocks and rally in haven assets, as investors reassessed the effects of Trump’s surprise victory. The S&P 500 Index rose amid rallies in health-care and bank shares. Futures had plunged as much as 5 percent overnight. Mexico’s peso sank to a record low on prospects that integration with the U.S. will unravel, while Russian shares jumped on speculation Trump will mend ties with Moscow. State Street Global Advisors Investment Head for EMEA Bill Street discusses with Anna Edwards and Yousef Gamal El-Din on "Bloomberg Daybreak: Europe."