{"id":1975442,"date":"2023-07-17T17:38:01","date_gmt":"2023-07-17T21:38:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wall-street-lines-up-behind-2024-republican-presidential-alternatives-to-trump\/"},"modified":"2023-07-17T17:42:09","modified_gmt":"2023-07-17T21:42:09","slug":"wall-street-lines-up-behind-2024-republican-presidential-alternatives-to-trump","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wall-street-lines-up-behind-2024-republican-presidential-alternatives-to-trump\/","title":{"rendered":"Wall Street backs 2024 GOP contenders over Trump."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fwall-street-lines-up-behind-2024-republican-presidential-alternatives-to-trump%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1975442&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Finance Sector Executives Steer \u2062Donations\u2063 to 2024 \u200cRepublican \u200dPrimary Opponents \u2064of Trump<\/h2>\n<p>Records show that\u200c in \u2064the\u2062 second\u200d quarter, \u2062<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wall-street-lines-up-behind-2024-republican-presidential-alternatives-to-trump\/\" title=\"Wall Street backs 2024 GOP contenders over Trump.\">finance\u200b sector\u2064 executives directed significant campaign \u200ddonations<\/a>\u2064 to\u200c Republican primary opponents \u200cof former President\u200c Donald Trump. \u2064This move\u2063 reflects the influence that Trump\u200d still holds over \u2063the\u2063 Republican Party, resulting in\u2062 a substantial financial\u2064 windfall \u200cfor his campaign\u200b and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-says-hed-give-ukraine-more-than-they-ever-got-if-russias-putin-doesnt-accept-peace-deal\/\" title=\"Trump promises Ukraine greater support if Putin rejects peace deal.\">political \u200daction committee<\/a>. According \u200cto Federal Election \u200cCommission filings,\u200d Wall \u2064Street executives have\u200b contributed the\u2064 legal\u2063 maximum \u200bdonations to GOP White\u2064 House hopefuls, excluding Trump, \u2064ahead\u2064 of \u200dthe \u200cfirst debate in August.<\/p>\n<h3>Wall \u200dStreet Evaluates \u2063Alternatives \u200cto Trump<\/h3>\n<p>The recent\u2063 publicized contributions provide \u200ba glimpse\u200c into how wealthy\u2063 right-leaning figures are assessing\u2062 which\u2064 candidate \u2062to \u200bsupport instead of \u2063the former president.\u2064 Current \u2064polling averages indicate\u2062 that Trump has \u2064garnered around 54% support for the Republican\u2063 nomination, \u2062with Governor Ron\u200b DeSantis \u2062of \u2062Florida receiving approximately 20%. Other contenders,\u2062 such \u200das\u200b former Vice President \u2063Mike Pence, entrepreneur \u200dVivek Ramaswamy, ex-U.N. \u2062ambassador Nikki Haley, and \u2064Senator \u2063Tim Scott of South Carolina, have also \u2062received\u200c notable support.<\/p>\n<p>This \u2064shift in support \u200dfrom \u2063Wall\u2063 Street towards \u2062Trump&#8217;s \u200bchallengers is\u2064 not entirely \u2063surprising. In 2020, \u2062the \u2064finance industry contributed\u200c only about \u2063$18 million to\u200d Trump&#8217;s campaign, while donating over \u200c$74\u200c million to help propel Joe Biden to\u200d the\u200d presidency, according\u200b to OpenSecrets, a \u200ccampaign \u200dfinance\u2063 tracker.<\/p>\n<h3>DeSantis and Ramaswamy \u200bAmong\u200d Beneficiaries<\/h3>\n<p>During the second quarter,\u200c several Trump challengers,\u200c including DeSantis \u2063and\u200b Ramaswamy, received \u200dsupport\u2064 from Wall \u2063Street. DeSantis&#8217; campaign received a $6,600 \u200bdonation from \u2064billionaire hedge fund manager Paul\u2062 Tudor\u2064 Jones,\u2063 who also contributed \u200dthe same amount\u200d to Chris Christie&#8217;s \u2063campaign. DeSantis also\u200c <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/flashback-mitch-mcconnell-received-donations-from-voting-machine-lobbyists-before-blocking-election-security-bills\/\" title=\"Flashback: Mitch McConnell Received Donations from Voting Machine Lobbyists Before Blocking Election Security Bills\">received donations<\/a>\u2062 from venture capitalist Joe Lonsdale, \u2062Goldman Sachs Vice President Justin \u200dSiegel,\u2062 Texas billionaire\u200b Harlan Crow, and \u200dshipping magnate Richard\u2064 Uihlein,\u2064 contributing to his $20 million second-quarter haul.<\/p>\n<p>Ramaswamy,\u2063 known for his strong \u2063stance \u2063against\u200d corporate \u200d&#8221;woke&#8221; strategies, \u2062received \u200cdonations\u200c from at least \u2064a\u200c dozen\u200b finance\u2064 sector leaders.\u2062 Notable contributors included \u2064Bill Ackman,\u200d CEO of Pershing \u200dSquare Capital, \u2062and Ed Hyman,\u200c chairman of Evercore ISI. Ramaswamy&#8217;s second-quarter fundraising totaled approximately \u2063$7.7\u2064 million,\u200d including a\u2064 $5 million personal loan to his\u2064 campaign.<\/p>\n<h3>Haley Gains Wall \u2063Street \u2064Support<\/h3>\n<p>Former U.N. \u200dambassador\u200b Nikki Haley also benefited \u200dfrom Wall \u200bStreet\u2063 donations \u200din the\u200d second \u200bquarter. Finance executives, such as Cliff Asness, co-founder of AQR \u200bCapital \u2063Management, and \u2062Tim\u2063 Draper, a veteran venture \u200ccapitalist, \u2062contributed to \u200bher campaign. Asness, worth $1.6\u2063 billion, praised\u2063 Haley&#8217;s \u200bleadership\u2062 qualities \u200dand\u2064 her\u200d support for \u2062capitalism.\u2062 Draper \u200dhighlighted\u2063 Haley&#8217;s courage and openness, describing her as \u200dthe only \u2063candidate\u200d he supports.<\/p>\n<p>Haley&#8217;s second-quarter fundraising exceeded $7\u200d million, \u2062and \u2064her campaign\u200b emphasized\u2064 fiscal\u200d responsibility and\u2063 strategic spending.<\/p>\n<p>Other notable finance world donors in \u2062the second quarter \u200dincluded Blackstone\u2062 CEO\u2063 Stephen \u2064A.\u200b Schwarzman and Goldman \u200dSachs\u200d CEO \u200bDavid M. Solomon,\u200d who both \u200bdonated to\u200d Senator Tim Scott&#8217;s campaign.\u2063 Scott, a Republican from South\u200d Carolina, raised $6\u2062 million.<\/p>\n<p>Overall, these \u200dcontributions \u2064from\u200c finance\u200d sector \u200dleaders provide insight into \u2064the shifting dynamics \u200cof the\u200c 2024\u200d Republican primary race \u2064and the\u200b ongoing evaluation of candidates by\u200d <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/introducing-the-clinton-project\/\" title=\"Introducing the Clinton Project\">influential donors<\/a>.<\/p>\n<p><em>Click <a href=\"https:\/\/www.washingtonexaminer.com\/\">here<\/a> \u2062to read more from The Washington\u2064 Examiner.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In Q2, finance sector executives directed significant campaign donations towards 2024 Republican primary challengers of ex-President Donald Trump, as per records. Trump&#8217;s campaign and PAC amassed over $35 million from April to June, showcasing his strong influence over the Republican Party, which continues to resonate.<\/p>\n","protected":false},"author":1,"featured_media":1975443,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-1975442","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1975442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1975442"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1975442\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1975443"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1975442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1975442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1975442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}