Tech Pushes Stocks Higher on Election Day | Bloomberg: The Close 11/05/2024

00:00 WE CONTINUE ON "BLOOMBERG BUSINESSWEEK." WE KNOW THERE IS NO SCENARIO WHERE JOE BIDEN CONTINUES, SO IT IS EITHER HARRIS OR TRUNK, AND REGARDLESS OF WHAT SOME OF THESE EXECUTIVES WHO HAVE BEEN BACKING TRUMP OR THOSE THAT HAVE BACKED HARRIS, THEY WILL HAVE TO HAVE A CONSTRUCTIVE ENGAGEMENT MODEL WITH A NEW ADMINISTRATION, AND REGARDLESS WHAT THEIR POINT OF VIEW IS, THE COUNCIL WE ARE GIVING THEM AND OUR CLIENTS IS INDEPENDENT OF WHAT YOU HAVE SAID, THE PAGE TURNS ON INAUGURATION DAY AND YOU HAVE TO LEAN FORWARD WITH A CONSTRUCTIVE ENGAGEMENT MODEL, AND WE HAVE SEEN THAT IN THE PAST WHERE COMPANIES, WHERE CEO'S BACK A CANDIDATE, A DIFFERENT CANDIDATE TAKES OFFICE, AND THE ENGAGEMENT MODEL STARTS. I THINK THAT HAS DISSIPATED BECAUSE OF SIGNIFICANT EFFORTS THAT HAVE BEEN MADE IN THE LAST 4 TO SIX WEEKS TO REALLY TALK TO BLACK MALE VOTERS AROUND ECONOMIC ISSUES AND ENTREPRENEURSHIP ISSUES AND THE ISSUES THEY ARE CONCERNED ABOUT, SO I DON'T PUT A LOT OF STOCK IN SOME OF THESE POLLS BECAUSE AT THE END OF THE DAY, THE MAJORITY OF AFRICAN-AMERICAN MEN WILL VOTE FOR HARRIS. THERE IS ANXIETY ABOUT THE ECONOMY, BUT A RECOGNITION THAT A TRUMP PRESIDENCY -- AND THIS IS WHAT I HEAR -- THAT A TRUMP PRESIDENCY WOULD BE DANGEROUS IN TERMS OF TURNING BACK THE CLOCK ON SO MANY IMPORTANT ISSUES, SO I THINK THAT THE EFFORT THAT WAS MADE -- YOU KNOW, PRESIDENT OBAMA HAS A SPECIAL STANDING AND SPECIAL PLACE IN THE COMMUNITY, BUT I THINK BEYOND THAT, THERE HAVE BEEN LOTS OF PEOPLE -- ELECTED OFFICIALS, MINISTERS, COMMUNITY LEADERS -- WHO ALSO PUT THEIR THUMB ON THE SCALE TO HAVE THE CONVERSATION WITH BLACK MEN THAT, QUITE FRANKLY, IS LONG OVERDUE. MARK: AND THAT IS A VALID CLAIM, BUT ALSO, WE HAVE TO RECOGNIZE THAT IN TODAY'S WORLD, THE INFORMATION IS TRANSLATED THROUGH SOCIAL MEDIA, THROUGH PROPAGANDA, THROUGH TYPING -- THROUGH HYPING, AND SOMETIMES THE ACCOMPLISHMENTS OR PROGRESS THAT GETS MADE GETS FILTERED SO MANY TIMES BEFORE IT REACHES THE COMMUNITY, ELECTED OFFICIALS HAVE TO DO A BETTER JOB OF TALKING WITH, TALKING TO, AND LISTENING TO NOT ONLY BLACK MALE VOTERS, BUT BLACK VOTERS AND ALL VOTERS, AND I THINK COMING OUT OF THIS, YOU ARE GOING TO SEE SOME CHANGES IN HOW THOSE DOTS ARE CONNECTED.