Goldman Sachs warns the S&P 500 earnings could be reduced by 11% if the 2017 corporate tax cut is entirely reversed. Barclays, Oppenheimer, Jefferies and Mizuho recently warned separately about different sectors including health-care services, energy, banks and biotech that would suffer under Warren policies. Wall Street brokerages and market research firms have been loud and clear about the damage a Warren win would do to stocks. Jamie Dimon recently inserted himself in the feud, saying Warren "vilifies successful people." Longtime investor Leon Cooperman has been among the most vocal critics of the Democratic presidential hopeful, claiming she is "s-ing on" the 'f-ing American dream" and seeing a market correction on a Warren presidency. Should Warren take the White House, the S&P 500 would sink about 25%, billionaire Paul Tudor Jones predicted. and Puerto Rico thus far in 2020.While it's still a year to go before the November 2020 presidential election, some the Street's biggest investors and a host of market strategists for big banks have already expressed unease at the prospect of a Warren win.
She also mentioned how black transgender women are uniquely targeted for violence-at least 10 trans people have been murdered in the U.S. "Center black voices," Warren said, "Uplift their voices of black activists, of black leaders, of black elected officials."Īs such, Warren prefaced her comments by mentioning Breonna Taylor was an EMT who was shot and killed in her apartment last March by Louisville, Kentucky police. She also encouraged people to donate money and resources to help continue the fight for justice, both by leaders on the front lines and in local communities nationwide. Saying that it's not enough to "stand by as an ally," Warren encouraged people to educate themselves, listen and learn everything possible about the history of racial injustice in America, through books, and through the lived experiences of African Americans. She also said that she wants to ensure all students have access to high-quality public education. Her plans for rooting it out include canceling student loan debt and establishing a first-time downpayment assistance program for people who lived in redlined communities that denied access to blacks and other people of color. "Racism for generations has shaped every crucial aspect of our economic system and our political system," Warren said. Specifically, she highlighted Biden's desire to strengthen federal oversight by expanding independent investigations of law enforcement practices and establishing federal standards for the use of force.
"As white Americans in this, we need to ask ourselves: What we are doing proactively every day to dismantle systemic racism in our communities in our workplaces and in our circles of influence?" Warren continued. "The idea that communities of color alone are responsible for fighting against racism every single day is misguided," Warren said, "and as we have seen, it can have really dangerous consequences." While Warren's comments occurred during an event meant to boost enthusiasm for presumed Democratic presidential nominee, former Vice President Joe Biden, she couched her remarks in the context of the ongoing racial justice protests sparked by the May 25 death of black Minneapolis resident George Floyd.
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During a Wednesday evening Women for Biden event on Zoom, Massachusetts Democratic Senator and former presidential candidate Elizabeth Warren advocated for increased federal oversight of law enforcement practices, policies meant to reduce racial economic inequality and asked all Americans to actively educate themselves about how to be anti-racist.
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