Trump cancels rally in Kansas and will hold 'telerally', while Senate in South Carolina becomes an open contest
White House reevaluates face-to-face agenda, Lindsey Graham's race ties at 48% to 48% and inflation data brings partial relief before midterm elections
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM FOX BUSINESS · 3 MIN
President Donald Trump canceled the in-person rally scheduled for Saturday in Kansas, which would benefit Senator Roger Marshall, and will instead hold a telephone event, called a "telerally". The information was given by Fox News' senior White House correspondent, Peter Doocy, on the "Special Report" program.
According to Doocy, White House officials concluded that the in-person event in Kansas was no longer the best use of the president's time. The calculation is that Trump can "do more good in more places" with more telerallies. Asked why he canceled, the president replied that he believes the senator is doing well and that, therefore, the telerally would be enough.
South Carolina becomes an open race
In South Carolina, the Senate race went from "Republican with moderate lead" to "technical tie" in Fox News' latest power rankings, as reported on the show. A "New York Times" poll of Siena shows Republican Sen. Lindsey Graham tied 48% to 48% with Democrat Annie Andrews.
The strategy of both sides is different. Graham spoke for just 86 seconds at a rally and supports the campaign, largely, in the figure of the president. The team argues that Trump is very popular in the state and that the goal is to get Republican voters to the polls and keep them "on the team." Andrews, for his part, says he's building a campaign for everyone, including independents "ready for change."
What's at stake in Congress
According to the report, a strong Tuesday for Democrats could give them the majority, with 54 seats, while a strong night for Republicans could reduce the Republican majority to 52 seats. The data matters to the investor because Congress's control defines the scope for the tax agenda, spending and regulation, topics that usually affect interest rates, the dollar and the stock market.
On the economic front, GDP grew at an annual rate of 3.4% in the last quarter, a number that the program described as above any projection and that Trump intends to use in the campaign. Inflation measured by the Fed's preferred indicator advanced in September, in the annual comparison, at a better pace than expected, but the program warned that the relief may not last.
Trump argues that if Republicans don't maintain control of Congress, Democrats "will burn it down." According to the program, the president still has in-person schedules planned in Florida and Iowa, and at the White House he receives children dressed up for Halloween alongside the first lady.
For the market, the message is one of caution: strong growth supports companies' results, but resistant inflation limits the space for cutting interest rates, and a divided Congress could change the course of fiscal policy. The coverage is from Fox News and the assessment of the impact on assets is from The X-Trader News.
Automatically translated from Portuguese.
