As of this morning, betting markets are giving VP Harris higher odds of being President after the 2024 Election than current President Biden.
The cross has happened. Source: Bespoke
Biden betting odds in free fall as support within the Democrats crumbles.
Source: HolgerZ, Bloomberg
Greece has controversially introduced a six-day working week for some businesses in a bid to boost productivity and employment in the southern European country.
The regulation, which came into force on July 1, bucks a global trend of companies exploring a shorter working week. Under the new legislation, which was passed as part of a broader set of labor laws last year, employees of private businesses that provide round-the-clock services will reportedly have the option of working an additional two hours per day or an extra eight-hour shift. The change means a traditional 40-hour workweek could be extended to 48 hours per week for some businesses. Food service and tourism workers are not included in the six-day working week initiative. The pro-business government of Prime Minister Kyriakos Mitsotakis has said the measure is both “worker-friendly” and “deeply growth-orientated.” It is designed to support employees not being sufficiently compensated for overtime work and to help crack down on the problem of undeclared labor. https://lnkd.in/esrbB_4R
Candidates for the most powerful job on the world...
summarized in one cartoon... Maybe the US deserve better... 😅 Source: Markets & Mayhem 🤖
France | Macron’s Approval Drops Two Days Ahead of French Election
President Emmanuel Macron’s approval rating fell to the lowest level in three months, delivering a boost to Marine Le Pen’s far-right National Rally party just two days before voting starts in France’s legislative election. Support for Macron dropped six points to 36%, the worst showing since March, according to a Toluna-Harris Interactive poll for LCI TV published on Friday. Source: Bloomberg
Thursday night US presidential election debate in one image
Source: USA today
BREAKING: The odds of President Biden winning the 2024 Democratic nomination are down by 24% in 2 HOURS.
Prior to the debate, markets saw an 86% chance that Biden would win the nomination. Now, there's a 38% chance that he WON'T be nominated as the Democratic candidate. There's a 22% chance that Gavin Newsom wins the nomination and a rising 14% chance of Kamala Harris being the nominee. The one of the largest shifts in market implied odds of all time for an election that is less than 5 months out. Source: The Kobeissi Letter
What a difference a single debate can make...
Odds of Trump winning Presidential election has surged to 60% (red line below) while odds of Biden winning has collapsed (blue line below) due to the very poor performance of incumbent President during yesterday's evening political debate with Trump. As highlighted by Politico >>> "The alarm bells for Democrats started ringing the second Biden started speaking in a haltingly hoarse voice. Minutes into the debate, he struggled to mount an effective defense of the economy on his watch and flubbed the description of key health initiatives he’s made central to his reelection bid, saying “we finally beat Medicare” and incorrectly stating how much his administration lowered the price of insulin. He talked himself into a corner on Afghanistan, bringing up his administration’s botched withdrawal unprompted. He repeatedly mixed up “billion” and “million,” and found himself stuck for long stretches of the 90-minute debate playing defense. And when he wasn’t speaking, he stood frozen behind his podium, mouth agape, his eyes wide and unblinking for long stretches of time"... Rumors are now running wild on whether the Democrats should replace their candidate in a last minute turnaround
