Feeling the Bern on Wall Street

Your guide to how Washington shapes business and the economy

VIEW IN BROWSER | SUBSCRIBE MON, JAN 27, 2020 CNBC POLITICS EDITOR'S NOTE Hello,    It is one week before the Iowa caucuses, and markets are paying attention to democratic socialist Bernie Sanders' recent spurt of momentum in the race for the 2020 Democratic presidential nomination.   As CNBC's Tom Franck points out, Wall Street is worried.    Why now? Sanders has always been in the thick of the race. He's been running second to Joe Biden in national polling for months while polling well in early states. Sanders put up a strong fight in 2016, so he is battle-tested. He has relentlessly stuck to his calls for a big progressive agenda that includes Medicare for All, huge tax increases on corporations and the wealthy, and increased regulation of big business.   Yet he never truly spooked the investor class. You couldn't keep billionaires from flipping out when Elizabeth Warren threatened Biden and Sanders for front-runner status. And investors don't seem worried about Biden at all, at least not yet.   But with the actual nominating contests about to start, and polling data showing that Sanders could win both some big states and potentially the nomination itself, investors might have to start pricing in a Bernie Sanders vs. Donald Trump election – and all the volatility that could come with it.    Thanks for reading.     Thoughts? Email me at CNBCPolitics@nbcuni.com.     Have friends or colleagues who might like this newsletter? They can sign up here.  Mike Calia @Michael_Calia KEY STORIES  The stock market is starting to worry about Bernie Sanders Leading health insurance companies sank after polling data showed Sanders eclipsed longtime Democratic front-runner Joe Biden in key states. Supreme Court allows Trump's 'public charge' immigration rule to take effect The Supreme Court voted on Monday 5-4 to allow the Trump administration's "public charge" rule to take effect after the immigration policy had been blocked by lower courts. Trump rages after reports that Bolton book claims president tied Ukraine aid to probes Later Monday morning, Republican Sen. Mitt Romney of Utah told reporters, "I think it's increasingly likely that other Republicans will join those of us who think we should hear from John Bolton." Sanders leads New Hampshire Democratic primary with less than three weeks to go, NBC News/Marist poll finds Sanders has an edge over Pete Buttigieg, Joe Biden and Elizabeth Warren in New Hampshire, the second Democratic presidential nominating contest. Trump's push to curb 'surprise' medical bills could alienate ally Schwarzman Putting an end to surprise medical billing is one of the White House's top health-care priorities this spring, but it could put Trump at odds with his longtime friend and advisor. US Air Force plane crashes in central Afghanistan The plane crashed Monday in territory under Taliban control. Marianne Williamson sells $149 tickets for 'love and power' seminar to pay off presidential campaign debt Author Marianne Williamson has been soliciting donations to pay off her presidential campaign debt since dropping out of the 2020 Democratic primary January 10. Louise Linton, wife of Treasury Secretary Steve Mnuchin, deletes post siding with Greta Thunberg Louise Linton deleted a post on Instagram expressing support for the teenage climate activist Greta Thunberg, who has been publicly sparring with Steve Mnuchin.       Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS