Monday, July 1, 2024

What if markets never closed?

Today's Big Take is here.

July 1, 2024

Illustration: María Jesús Contreras

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The retail-investing revolution that has swept US markets is helping fuel a quiet boom in round-the-clock stock trading. As more firms pile in, many on Wall Street see trouble brewing. One market veteran's big fear is that someone could take advantage of slow overnight trading to create momentum in a share for quick profit. Other worries range from the mental health impacts of an endless trading day to the potential for US stocks to siphon more capital from overseas markets already struggling to compete.

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In case you missed it…

Donald Trump and Joe Biden during the first presidential debate in Atlanta on June 27. Photographer: Andrew Harnik/Getty Images

After last week's US presidential debate, Democrats were whispering names of those who could run instead of Biden, while speculating on the feasibility of a ticket swap before their party's convention. The incumbent president's defiance in the face of that concern was cold comfort to those who see his pride and a series of miscalculations by his inner circle creating a debacle for the party.
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After the debate, Big Take host David Gura spoke to Bloomberg's Wendy Benjaminson and Stephanie Lai to dig into the surprising moments of the Biden-Trump rematch and what it all means for the rest of the campaign cycle.

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