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Wall Street Wants Anyone But Biden and Trump for 2024
Posted
November 29, 2023
Views
9,726
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November 29, 2023
9,726
184
53
2.44%
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1:00Now PlayingWall Street leaders are looking past President Joe Biden and former President Donald Trump, the presumed major party nominees, for long-shot candidates to shake up the 2024 election less than two months before primary voting starts.
Billionaire investor Bill Ackman told Bloomberg Television on Tuesday that Biden should step aside for a new candidate to emerge. One person he’s watching is Representative Dean Phillips, a moderate from Minnesota, who is challenging Biden for the Democratic nomination.
“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.”
Mike Novogratz, the chief executive officer of crypto firm Galaxy Digital Holdings Ltd., told Bloomberg Television Wednesday his friends are urging him to meet with Haley. He also met with Phillips and found him to be “amazingly rational,” but lamented he doesn’t have the name recognition of other candidates. Novogratz himself mistakenly called Phillips Neil, instead of Dean, in the interview.
“I’m kind of in the anything but crazy or really old party,” Novogratz, who has historically donated to Democrats, said. “I pledged I would not vote for anyone over 75 years old, or even 72.”
The eleventh-hour push to boost other candidates is unlikely to alter the outcome of the nominating process. Party rules, fundraising and polling numbers have Haley and Phillips facing long odds. But the desire for alternatives highlights the deep dissatisfaction many voters have with frontrunners Biden and Trump, raising questions about whether Americans will vote for third-party candidates or just stay home next November.
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