EDITOR'S NOTE
If you've been following what Wall Street thinks of an Elizabeth Warren presidency, you've probably heard the expletives.
Billionaire investor Leon Cooperman used some colorful language in describing her platform on CNBC recently.
Warren's positions, which include more taxes for the rich and more regulations for business, are rising in popularity. Several polls show her ahead in the Democratic primary race, and others show she could beat embattled President Donald Trump.
Cooperman says if Warren indeed gets the White House, the stock market will plunge 25%. But this is no time for a market panic.
If Warren takes the White House, she just becomes another reality that investors will have to price into the market, like Federal Reserve policy or the trade war with China.
In this edition of Weekend Brief, CNBC's Tom Franck presents an investors guide to stock picking should Warren take the Oval Office. Many health care, technology, and financial stocks could indeed take a beating under Warren, but not everything would be headed down.
Take the energy sector, for example. Warren would like to ban fracking on federal lands and curb offshore drilling. CNBC energy reporter Pippa Stevens writes that if Warren could pull off this objective, oilfield service companies would suffer, but companies with huge oil reserves could reap a bonanza from the ensuing spike in global oil prices. Additionally, companies in the renewable energy sector could also enjoy rising stock prices.
Of more immediate concern to stock investors, though, is what the Fed announces after its Oct. 29-30 meeting. Michael Santoli, CNBC senior markets commentator, writes that basically every Fed meeting since March has coincided with a pullback.
Weekend Brief is all about market insight, but it's also about the many brilliant people we interview while gathering them.
This week, CNBC's Kate Rooney profiles Gretchen Howard, chief operating officer at Robinhood, the no-fee brokerage that has forced many of its major competitors to drop commissions. And in this week's 7Qs interview, markets reporter Fred Imbert talks to trader and CNBC commentator Jon Najarian about options trading.
Finally, we'd like to thank those of you who reached out to us with your kind words about our new Weekend Brief. We're glad you like it and we'd love to hear from more of you. Please email me at EveningBrief@nbcuni.com or message me on Twitter @tellittoal. Thanks for reading. And enjoy the weekend.
CNBC has launched CNBC Select, a financial site aimed at helping users take control of their money. By providing high-quality personal finance advice through product reviews, tips and best-of lists, CNBC Select users can make informed decisions and choose the right financial products for their lives.
MICHAEL SANTOLI'S MARKET COLUMN
THE WEEK AHEAD
YOUR WEEKEND BRIEFING
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Sabtu, 26 Oktober 2019
Welcome to Weekend Brief | A Warren correction? | Santoli's market thoughts
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