Snapshots: Election won’t affect economy, investor says
The U.S. economy and American businesses are strong enough to weather the election of either Donald Trump or Hillary Clinton as president, according to James Dinan, founder of hedge fund York Capital Management and a Clinton donor.
If either Clinton or Trump becomes president, “it’s really not going to affect our economy and affect our businesses,” Dinan, whose New York-based firm manages $19.3 billion, said on Fox Business Network’s Wall Street Week, which is scheduled to air Friday. “I actually think the U.S. economy is stronger than a lot of people are willing to admit.”
While more people on Wall Street have come out in favor of Clinton than Trump, Dinan represents a growing view that neither of the leading candidates will menace the U.S. financial industry.
Clinton: Sanders has every right to finish campaign
Washington — Democratic presidential front-runner Hillary Clinton says persistent rival Bernie Sanders “has every right to finish off his campaign however he chooses.” But she says she wants to focus on presumptive Republican nominee Donald Trump because his is not “a normal candidacy.”
Clinton noted in an interview on NBC’s “Meet the Press” Sunday that she’s won 3 million more votes than Sanders in the Democratic primaries. She said it’s time to talk about Trump because his candidacy poses “immediate dangers” to the country.
Clinton criticized Trump for being open to pulling the U.S. out of NATO and allowing some other countries to have nuclear weapons.
She said she’s willing to talk with Sanders and “take into account” what the Vermont senator is asking for at the party’s national convention this summer.