Bloomberg News staffers reportedly felt a sense of relief when the former New York City mayor announced Wednesday morning that he was suspending his presidential campaign.
I hope Mr. Bloomberg was serious about putting a lot of his personal bucks behind Biden. Bernie shouldn’t have been so dismissive (and rude) to Bloomberg with his offer. We are in a state of crisis and need all the strong assistance any of us is willing to offer (obviously with no strings attached, etc.).
Bloomberg News Staffers Were Relieved When Its Owner Dropped His Campaign
Campaign staffers too!
I don’t know about that. Humoring a billionaire’s ego while cashing his checks sounded like a pretty cushy job to me.
My problem with Bloomberg is that he’s not loyal, I’m a Dem, now I’m a Repub, and now I’m a savior. Pick a party, work within the system, and yes NYC is big and diverse but there’s a whole lot of country that isn’t NYC, and not as diverse.
Wall Street thinks Biden will be wonderful for health care stocks:
Tuesday’s primary results sent health-care stocks flying. The S&P health care sector surged 5.8%, posting its best day since 2008. UnitedHealth and Centene jumped 10.7% and 15.6%, respectively. Shares of UnitedHealth had their biggest one-day gain since 2008.
Those are some awesome gains because health-care stocks generally don’t get hit as bad in a correction. They tend to be safe havens unless they miss their numbers.
I didn’t know I work for Bloomberg!
ETA: @bonvivant Of course Bernie types will be pointing to that as evidence that Biden doesn’t want health care reform, yada yada yada.
“By their fruits you shall know them” what you say ordinarily would make sense, but New York City is anything but ordinary. It all comes down to primary politics, and Mark Greene who was the Democratic nominee for mayor was perceived to be out of the mainstream.
The only way for a moderate politician to run, was to run as a Republican.
Bloomberg is doing the right thing, I hope he keeps it up, we need all the help we can get.
Wait until the Warren bump hits the market. Banks and big tech will party like it’s 1999 when Warren drops out.
Warren, a former law school professor who specialized in bankruptcy law, is not a favorite on Wall Street as she proposes detailed plans to break up big banks and technology companies and raise taxes.
“Stocks will be even more relieved at Warren’s coming concession as they are at Biden’s big showing,” Ritholtz Wealth Management CEO Josh Brown tweeted. “Wall Streeters have always secretly been more afraid of her than anyone else given her domain expertise.
Bloomberg’s commercials have been running continuously all evening here in Michigan.
Except that he pays well and the checks were no doubt good and didn’t bounce.
But seriously, if he wants to pour some money down here and help us beat McConnell, we’ll take it and make damn good use of it. We could put up a lot of billboards, up the ground game, and all kinds of worthwhile work to defeat Mitch.
Joe will be the best candidate to give trump* a run for his money here too.
Ever consider that health care stocks went up because House Rethugliklans successfully stalled bipartisan legislation to fast-track money into an anti-Pendejovirus bill? One designed to try to rebuild, stat, a semblance of the tracking and response unit(s) it took Obama — and actual scientists! — years to perfect, and that noted epidemiologist Cadet Toadglans mit der Bone Spurs — his uncle taught at MIT! — dismantled with indecipherable strokes of his personalized fat-ass tip Sharpie, through an executive order?
It seems they had a problem with the language that had to do with limiting pharmaceutical companies’ profits should they, suffering under their already burdensome largesse, bless us with manufacturing and distributing a vaccine (which does not yet exist).
“Hi, I’m Devon Nunes. When I’m not busy suing fake cows and stooging for Russian patsies in the White House, I’m looking out for you,
MoscowMerced.”
— My dream billboard, at Hwys 99 and 140
They are not alone…
That is precisely why Bernie is a political failure, a gadfly not an actual successful politician for a democracy (which is to say a succesful person in reaching compromise). And why it is frequently observed his Lefty colleagues (see Bernie Frank) didn’t like him.
Also why he would get crushed in a general election. Outside the True Believers, he turns off centrists, he turns off the disaffected Republicans (see Virginia, the suburban non-base Republican flip - it’s not a huge number but the numbers add up, and as Trump hangs by a thread).
Eh, Bloomberg is loyal to his PoV. I have family members who work for him directly. He’s been internally consistent over the years. Obviously his personal politics would not be well loved here, given the Lefty-Left orientation, but neither is he (particularly for his age and wealth) a knuckle dragging neanderthal.
He’s obviously not Party Political (in a way then like Bernie) so it’s good he’s stepped back. But in a choice between him and Bernie, I would go him. Nice not to have that choice.
“Now that Mike has said he is leaving the race for President, we will return to our normal coverage of the election; we will follow exactly the same coverage rules for the Democratic presidential candidates and President Donald Trump,” Micklethwait wrote in the memo.
I suspect this is not awesome news for Bernie.
