JPMorgan Chase: Joe Biden's China Trade Agenda a Win for Wall Street

Source: Breitbart - View Original Article
Published: Oct 10, 2020
Category:
Bias Rating:

89% Liberal


Bias Score Calculation:

This article includes the following sentiments, providing an average bias score of 89% Liberal:

  • 2 positive sentiments for Socialized Healthcare
  • 1 negative sentiment for Protectionist Trade


Policies:

Socialized Healthcare
Infrastructure
Clean Energy
Protectionist Trade

Sentiments

  •   Liberal
  •   Neutral
93% "In 1994, Biden supported the North American Free Trade Agreement (NAFTA), and in the early 2000s he supported normalizing U.S. trade relations with China, ..."
80% "Biden later supported KORUS, the U.S.-South Korean free trade deal, which eliminated 60,000 American jobs from the U.S. economy.""
76% "At least five million American manufacturing jobs and 55,000 American manufacturing plants were eliminated from the U.S. economy because of NAFTA and China's entering ..."
70% "Wall Street investors and the nation's biggest banks are rallying behind Biden and his running mate, Sen. Kamala Harris (D-CA), against Trump's economic nationalist ..."
69% "Specifically, the New York Times reports, Biden's agenda would be best for financial investors who are interested in corporations that produce and manufacture in ..."
-57% "To tease out the underlying views of investors, analysts at JPMorgan Chase & Company recently assembled baskets of shares in companies they see as ..."
-59% "Infrastructure, engineering and renewable energy companies could also benefit from a major stimulus push, aimed in part at countering climate change.""
-70% "The corporate pressure has not shaken Trump's agenda.""
-80% "Analysis by JPMorgan Chase, the largest multinational bank in the U.S. with assets of more than $3.2 trillion, notes that Biden's multilateral approach to ..."
-83% "At the recent vice presidential debate, Harris touted Wall Street's support for Biden.""

We have listed the top 10 sentiments. More sentiments do exist. Please review the full article for more information.



*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization

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Contributing sentiments towards policy:

89% : Stocks of companies in the "winners" basket included industries such as health care, renewable energy, infrastructure, and companies likely to benefit from better trade relations with China.
51% : Though Biden has sought to rebrand himself for the 2020 presidential election as a defender of American manufacturing against Chinese imports, his record supporting free trade with Mexico, Canada, China, Malaysia, South Korea, and Vietnam dates back to the mid-1990s.
90% : Such companies could benefit from Mr. Biden's support for the Affordable Care Act, which has funneled significant amounts of federal dollars into the health care industry.
93% : In 1994, Biden supported the North American Free Trade Agreement (NAFTA), and in the early 2000s he supported normalizing U.S. trade relations with China, as well as China's entering the World Trade Organization (WTO).
80% : Biden later supported KORUS, the U.S.-South Korean free trade deal, which eliminated 60,000 American jobs from the U.S. economy.
76% : At least five million American manufacturing jobs and 55,000 American manufacturing plants were eliminated from the U.S. economy because of NAFTA and China's entering the WTO.
70% : Wall Street investors and the nation's biggest banks are rallying behind Biden and his running mate, Sen. Kamala Harris (D-CA), against Trump's economic nationalist "America First" agenda, which they see as cutting into their profits.
69% : Specifically, the New York Times reports, Biden's agenda would be best for financial investors who are interested in corporations that produce and manufacture in China:
43% : To tease out the underlying views of investors, analysts at JPMorgan Chase & Company recently assembled baskets of shares in companies they see as potential winners or likely losers in the event of a Biden victory.
41% : Infrastructure, engineering and renewable energy companies could also benefit from a major stimulus push, aimed in part at countering climate change.
30% : The corporate pressure has not shaken Trump's agenda.
20% : Analysis by JPMorgan Chase, the largest multinational bank in the U.S. with assets of more than $3.2 trillion, notes that Biden's "multilateral approach" to trade with China would be beneficial for Wall Street investors.
17% : At the recent vice presidential debate, Harris touted Wall Street's support for Biden.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization

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