Goldman warns of a Democratic sweep, says Biden tax plan could cut S&P 500 earnings by 12%

  • 📰 CNBC
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

For subscribers: Goldman warns of a Democratic sweep, says Biden tax plan could cut S&P 500 earnings by 12%. Check out CNBCPro for a free trial.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Pro Same old same old from Wall St. They’d rather have a criminal in the White House than a Democrat. That’s pretty short sighted, wrong & pathetic.

Pro shutdowntrump

Pro Better minus 12% than minus 50% (already happened)

Pro These CNBC tweets are getting tedious.

Pro Don’t worry. Biden has zero chance.

Pro All retirements plans , your 401k is toast. Pensions too! I feel bad if you’re near retirement as you’ll never make up the huge losses! Health care stocks, bank stocks, energy stocks all dead and no growth! No money to be made!

Pro Good things earnings don't matter, I was nervous there for a second!

Pro The panic creation begins.

Pro Trump 2020

Pro A 12% haircut is about what everyone is anticipating for the market, even if there wasn’t an election coming.

Pro Cutting 12% still leaves a lot. Voted for Joe!

Pro This attacking speed of Mr.Bidden should take a different stand in case of any diverting the speed to other unuseful programe. 5 years back, I kamalakarbalijepalli india( A.P)studied the entire situation of Mr.Donald Trumph studying all his sides& finally came 2 halt at his side

Pro 9 Wall Street Execs Who Cashed In on the Crisis. Meet the moguls who made out like bandits. (NO JAIL TIME) BIG FAT BONUSES.!! 2008.!! TAX CUTS TO THE RICH DON'T WORK!! … WHEN YOU DON'T PUT THESE SOB'S IN JAIL YOU GET MORE OF THE SAME.!!

Pro Aww the rich and corporations will have to pay their share of taxes and it only costs them 12% and we get new roads, better schools and healthcare? Sounds fair to me

Pro Defund police and higher taxes. This is what to expect with a Biden win.

Pro Goldman means to say if Mnuchin (our inside man) gets ousted with Trump our profits will drop 30%

Pro Probably just some Trumper at Goldman trying to influence the election. I have seen predictions by people at Goldman about the future be wrong literally thousands of times.

Pro I find it very interesting that he didn’t mention that we will all die if the other guy wins!

Pro How will he do that? Oh by taxing the wealthy so that the government can then actually serve and help the people like it’s supposed to be doing

Pro Hey cnbc and goldmansachs let me be blunt - fuck your agenda about some artificially inflated stock market when millions of Americans are suffering, we are sequestered in our homes to stay safe. Who cares what the Biden tax plan may take out of GDP. It pales to the pandemic.

Pro The S&P 500 will be ok 🤦🏾‍♂️

Pro It would be by at least 5% on day one

Pro Democrat sweep, China sanctions, bank insolvency, corporate bankruptcies, = market skyrockets to all time highs. The upside down world

Pro Then don’t vote for Biden....no loss

Pro UNEMPLOYMENT will cut earnings when consumers, currently over 70% of our GDP, can't even buy essentials. The only way to get this country out of this catastrophe is with a Democrat in office-as history has proven over and over and over and over and over and OVER.

Pro I'm okay loosing 12% of savings to get my country back. This shit must STOP and NOW!

Pro Good, we need a good correction anyway. Take some profits.

Pro Since when are things based on earnings anyway

Pro I MEAN THE WHOLE NATION PRETTY MUCH KNOWS THAT A LOT OF THESE BILLIONIARS AND CORPORATION DON'T WANT JOE BIDEN AS PRESIDENT. THEY HAVE BEEN GETTING A FREE RIDE FOR MUCH TO LONG

Pro Goldman loves making wrong calls.

Pro Good news. The insane inequality of wealth has to end. JoeBiden

Pro So f&%ing what?

Pro Reimagine the fear you're so quick to spread.

Pro Earnings? Does Goldman mean that Biden will have the wealthiest pay more tax, taking away the Trump tax cut?

Pro GoldmanSachs have you noticed Drumpf is destroying the American economy and you’re talking about Biden? You also said BarackObama would be dire. All he & JoeBiden did was rebuilt the economy over 8 years that POTUS managed to destroy in 3.5 years. ProjectLincoln

Pro Weird all these people posting that live off government assistance don’t care about the stock market😂😂😂😂😂Democrat’s live off Uncle Sam they don’t Understand what investing even is

Pro Has anyone seen the debt, deficit?

Pro lol lol lol play with biden now, before corona , finsih the game

Pro Works for me

Pro

Pro Earnings for who? The rich?

Pro Who cares. We need our country back, not only the millionaires and billionaires who can play in the market. The DOW 26k Dow does not pay my rent or my bills.

Pro In other words, Wall St may be forced to trade at real value 🤷🏼‍♂️

Pro Biden would spend more time sniffing children.

Pro Who cares about their earnings but them?

Pro Weird because last I checked every fcuking time a Democrat is in office, the economy recovers from a Republican induced recession/disaster, the stock market hits all time highs and the deficit is cut too.

Pro Scare tactics, don't buy it.

Pro GoldmanSachs said Hillary sweep too! lol

Pro More jobs, cheaper energy and cleaner environment vs more profits for corporations. Tough choice.

Pro If you’re a Democrat then you’re either mis-educated, anti-Black or pro-pedo ... Which is Biden?

Pro cool wit me

Pro What’s the earnings like now thru this pandemic trump created?

Pro I'm ok with that

Pro The biological and chemical weapons produced by the Chinese Communist Party are slaughtering our Loved family and friends , Every retweet you will save more lives, all lives matter❤️❤️❤️💐💐

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Goldman Sachs says S&P 500 earnings per share will plunge 60% this quarter, the biggest decline since 2009 | Markets InsiderUS banking giant Goldman Sachs says it expects S&P 500 earnings per share to drop 60% in the second quarter, the biggest decline since 2009 ... Bullish Impeached HiddenTaxes CongressionalNonCompliance ObstructionOfCongress AbuseOfPower GOPRepublicansgaveTrumpAWalk RussianBounty Russianreceipts Tre45on FailedLeadershipOnCOVID19 NoNationwideCOVID19Testing NoContactTracing RemoveGOPFromOffice Top2BottomFailure
Source: BusinessInsider - 🏆 729. / 51 Read more »

Wall Street’s Earnings Forecast: Cloudy With a Chance of TurbulenceMore than 180 companies in the S&P 500 have pulled their earnings guidance in the wake of the economic crisis wrought by the coronavirus pandemic. That has led to the widest dispersion in earnings estimates in years. Stock market is about to crash 1929-style.
Source: WSJ - 🏆 98. / 63 Read more »

Stocks Fall Slightly As JPMorgan, Wells Fargo Jumpstart Earnings SeasonThe market is bracing for its worst earnings season in 12 years. pedogate deepstateexposed justicecoming America has been good to me - to that I’m grateful! USAbeengoodtome How has the USA good to you? I wish we would get some selloff, I feel like I have wanted to add to stocks for a month straight and the market is up week after week. Hard to ever add when its always up.
Source: Forbes - 🏆 394. / 53 Read more »

Dow Rallies Over 500 Points As JPMorgan, Wells Fargo Jumpstart Earnings SeasonThe Dow rallied over 500 points as JPMorgan and Wells Fargo jumpstarted the earnings season by skleb1234 skleb1234 skleb1234 Boss skleb1234 $JPM JPMorgan shares jump after record trading revenue drives stronger-than-expected second quarter profit JPMorgan earnings revenue trading Shares investment filingsearch wednesdaymorning
Source: Forbes - 🏆 394. / 53 Read more »