Harris Pushes For 28% Capital Gain Tax; Stock Recovery Loses Steam | Bloomberg The Pulse 09/05/24

Vice President Kamala Harris has called for a 28% capital gains tax rate on people earning $1 million or more, touting it as a measure that would ensure the wealthy paid their fair share as she sought to detail her economic agenda and draw a contrast with Republican rival Donald Trump. Meanwhile, global equities steadied after days of declines. Europe’s STOXX 600 index was little changed, with tech heavyweight ASML Holding NV and luxury stocks among the biggest losers. Mining equities declined for a fourth session after iron ore fell to the lowest since 2022.

Today's guests: Mohit Mittal, PIMCO CIO Core Strategies; Seema Shah, Principal Asset Management; Kevin Daly, Goldman Sachs

Chapters:
00:00:00 - The Pulse with Francine Lacqua
00:00:33 - Mohit Mittal, PIMCO CIO Core Strategies
00:10:41 - Iron ore slumps, danger looms for crude oil
00:12:44 - Seema Shah, Principal Asset Management+
00:17:03 - JPM scraps bullish china stocks call on trade war risks
00:19:57 - Headlines
00:20:40 - Harris; $1 million earners should pay more
00:21:50 - Harris pushes for 28% capital gain tax
00:23:15 - Nippon Steel seeks US steel takeover
00:24:36 - Kevin Daly, Goldman Sachs
00:32:01 - China's Xi promises $50 billion in Africa support
00:36:39 - Top stories today
00:38:28 - Burberry out of FTSE100
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