The Street
The Street
  • 2 days ago
TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and how BYD bested Tesla for the first time.

Category

🥇
Sports
Transcript
00:00I'm Conway Gittens, reporting from the New York Stock Exchange. Here's what we're watching
00:03on the street today. Markets ended a dark week with a note of optimism. Amazon gave
00:09investors what they wanted with better-than-expected third-quarter results. It was a different
00:14story for Apple. iPhone sales were the best ever for a September quarter, but revenue
00:19from its services business was disappointing. Looking now at the intersection of money and
00:25politics, if you bought a home during the Biden years, you're better off than those
00:29who bought in the Trump years. Under Biden's watch, median home values jumped by more than
00:35$106,000 from 2020 to 2024, compared to the more than $72,000 gain when Trump was in the
00:44White House from 2016 to 2020. According to data by the National Association of Realtors
00:50and analyzed by USA Today, the growth in home equity is more stark for those who live in
00:56many of the so-called political swing states. Home ownership wealth in Arizona, North Carolina,
01:02Nevada, Georgia and Wisconsin all exceeded the national median during Biden's presidency.
01:09The biggest spike in home equity came in North Carolina. Housing wealth grew in that state
01:14by 60 percent, nearly double the 34 percent median gain across the country. Meanwhile,
01:21the median national home price hit $416,700 in August. Two swing states, Arizona and
01:28Nevada, topped that. Arizona came in at just under $449,000, while Nevada came in at $447,000.
01:37Talking home prices around the election can be a two-edged sword, according to economists
01:42and political experts. Americans who don't own a home are likely to view home price gains
01:48soberly and tend to lean toward a change in the White House. On the other hand, homeowners
01:55are likely to feel more financially secure and tend to vote for the party in power.
02:01That'll do it for your daily briefing from the New York Stock Exchange. I'm Conway Gittins
02:04with The Street.

Recommended

0:55
I
Up next
Tom Cruise Revs Up Plans for a Days of Thunder Sequel with Paramount
FanReviews
1:55
Netflix's Outer Banks Season 4 Part 2 Trailer
FanReviews
3:00
She's Gone on NBC's Happy's Place with Reba McEntire
FanReviews
0:44
CEO Andy Jassy Eyes AI As Key Growth Driver For Amazon’s Future, Seen As 'Once-In-A-Lifetime' Opportunity
Benzinga
0:41
BlackRock's New iShares ETF Aims Beyond Magnificent Seven
Benzinga
0:34
Intel Shares Surge 7% Post Strong Earnings Beat
Benzinga
2:17
Google is being hit with an unfathomable fine from Russia
The Street
2:08
Check out Tesla’s Cybercab robotaxi
The Street
40:00
new Eritrean film begie ab alemu part 1
Film Series
2:01
Big corporations will increase pay by almost 4% in 2025
The Street
2:00
Tesla reports gain rise in sales for the first time this year
The Street
1:55
Streaming prices continue to rise
The Street
2:06
Comcast announces possible separation of cable networks business
The Street
1:30
Tesla sales fall for the second straight quarter
The Street
2:38
A big reason women are being held back financially
The Street
6:39
Meet the 14-year-old taking on food pesticides
The Street
1:39
Stamps set to see five price increases over the next three years
The Street
1:53
Grocery prices finally start to come down
The Street
2:17
Gas prices could plummet by Thanksgiving
The Street
1:56
Tesla investigated by NHTSA over ‘Full Self Driving’ feature
The Street
2:09
Stellantis is closing its Arizona Proving Grounds
The Street
1:57
Heating your home will cost more this year
The Street
1:58
GameStop, AMC make a roaring comeback
The Street
1:52
Hurricane Helene could cost $34 billion to recover from
The Street
1:59
33,000 Boeing workers hit the picket lines
The Street