UBS On-Air: Paul Donovan Daily Audio 'Here we go again'
UBS On-Air: Market Moves · Podcast owner
January 3, 20252m 5s
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Show Notes
US politics intrudes into financial markets, with the US House of Representatives trying to elect a speaker today. US Speaker Johnson has been endorsed by US President-elect Trump’s influential adviser Musk, and by Trump. However, the Republicans hold a very small majority (219 to 215), and one Republican has pledged to oppose Johnson. Investors’ focus will be on what this process suggests about the ease of passing legislation in the new administration.