Signum Global' Charles Myers on Election Risks

The transcript discusses potential economic and market impacts of a Biden presidency, focusing on tax increases, Senate dynamics, and aggressive policies on drug prices and energy. It highlights Biden's plans for stimulus and infrastructure, the selection of a Treasury Secretary, and market reactions to election outcomes. The regulatory focus under Biden, particularly on Wall Street and fossil fuels, and the impact on the technology industry are also covered.

What is the expected impact on corporate and personal taxes if Biden wins with the Senate?

• Taxes are likely to increase and be retroactive to January 1, 2021.

• Taxes will be phased in starting in 2022.

• Taxes will decrease significantly.

• Taxes will remain the same.

Which two sectors are expected to see significant changes under a Biden administration without needing Congress?

• Education and Transportation

• Technology and Healthcare

• Pharmaceuticals and Energy

• Automotive and Retail

What is the main reason Wall Street and corporate leaders are supporting Biden's campaign?

• They prefer a divided government.

• They anticipate a large stimulus and infrastructure package.

• They expect lower taxes.

• They want more deregulation.

Who is considered the front runner for the Treasury Secretary position under Biden?

• Jerome Powell

• Janet Yellen

• Lael Brainard

• Elizabeth Warren

What is a potential consequence of a Biden win without the Senate?

• Easier passage of emergency stimulus

• Increased likelihood of tax cuts

• Difficulty in passing emergency stimulus

• Immediate deregulation of financial services

What is the expected focus of a Biden administration in the financial services sector?

• Consumer protection

• Deregulation of banks

• Expansion of fossil fuel investments

• Increased corporate taxes

How might the technology industry change under a Biden administration?

• Focus on reducing internet access

• Complete deregulation

• Stronger antitrust enforcement and privacy regulations

• Increased support for fossil fuels