With just days left in the 2020 presidential election season, former White House communications director Anthony Scaramucci is doubling down on a Joe Biden win next Tuesday.
Scaramucci told Cheddar that "weapons-grade-style" propaganda and a focus on culture war issues, rather than his administration's response to the coronavirus pandemic, are the only reasons President Donald Trump has held onto his supporters.
"He's made us weaker, sicker, and poorer, but he's got a standing because of the way they've set this up as a culture war narrative," he said. "That's why he's still in the race. I mean, he's going to get annihilated, but he's still in the race."
Scaramucci also blamed Trump's own coronavirus diagnosis, and the erratic tweeting during his recovery, as one reason the administration was unable to push another stimulus package through Congress. He alleged that inconsistent messaging from the president gave House Speaker Nancy Pelosi an opening to delay the vote until after the election.
"He could have probably gotten one, but I think it was the unpredictability of his personality that led to where we are right now," he said of a fourth stimulus bill.
On the current polling, Scaramucci pointed out that results have been fairly consistent over the last year, as opposed to the "roller coaster movement" of the 2016 election season.
"If anything, they may tip more into [Biden's] favor because of what's going on with COVID-19 now," he said.
In the case of a loss for Trump, Scaramucci offered this insight on his former employer:
"I think he's going to surprise people because, listen, all that is bluster and overcompensation born from his personal insecurities," he said. "I think if he gets annihilated — I predict he will — he'll give a concession speech, and then he's got to figure out how to work with Vice President Biden."
The prospect of Trump denying the election results is "smoke and mirrors," he added.
Lenore Hawkins, chief macro strategist for Tamatica Research, told Cheddar that the combination of the COVID-19 outbreak and the oil price war between Saudi Arabia and Russia is an unprecedented set of circumstances for investors.
The Dow Jones Industrial Average plummeted 1,500 points, or 6%, following similar drops in Europe after a fight among major crude-producing countries jolted investors already on edge about the widening fallout from the outbreak of the new coronavirus.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Bond yields fell to more record lows as investors continue to demand safety and unload stocks. The yield on the 10-year Treasury note sank as low as 0.66% as investors worried that economic damage from the spreading virus outbreak will be worse than previously thought.
Cheddar will be following the biggest political headlines as voters head to the polls in critical Super Tuesday primaries.
Dr. William Schaffner of Vanderbilt University said taking steps like sanitizing the subway system "may play a small role in mitigating the transmission of this virus, but it signals to people that we ought to be functioning as we can and doing the things we can do."
Stocks are falling sharply again in midday trading on Wall Street, and bond yields are sinking to more record lows on worries about the economic damage coming from the spreading coronavirus outbreak.
President Donald Trump on Friday signed an $8.3 billion measure to help tackle the coronavirus outbreak that has killed more than a dozen people in the U.S. and infected more than 200.
These are the headlines you Need 2 Know for Friday, March 6, 2020.
U.S. Representative Pete Aguilar of California voted yes on an $8.3 billion coronavirus emergency package bill, a much higher figure than the $2.5 billion requested by the White House.
