NewsTrump's White House hopes soar after Pennsylvania rally attack

Trump's White House hopes soar after Pennsylvania rally attack

The attack on Donald Trump has sparked new speculations about his election chances.
The attack on Donald Trump has sparked new speculations about his election chances.
Images source: © Licensor | Jabin Botsford, The Washington Post, via Getty Images
Robert Kędzierski

14 July 2024 16:27

An attack on former President Donald Trump, who is participating in the presidential race, occurred during a campaign rally in Pennsylvania. According to predictions, Trump’s chances of returning to the White House have reportedly increased following the incident.

During Donald Trump’s speech in Butler, Pennsylvania, on Saturday at 11:00 GMT, gunshots were heard. Joe Biden’s opponent was not seriously injured, but Secret Service agents swiftly evacuated the politician. Numerous photos circulating in the media show blood marks on the former president's head and ear.

What are the initial market reactions to the events in Pennsylvania? Bitcoin and other cryptocurrencies have already reacted. Analysts predict investors will seek safe havens, including gold, when Monday's stock markets open.

Early predictions regarding Donald Trump’s election prospects are also available. According to the Polymarket platform, the probability of Trump winning has risen to 68 percent, a significant jump compared to previous polls.

Predictions concerning the victory in the presidential elections in the USA
Predictions concerning the victory in the presidential elections in the USA© Licensor | Polymarket

The media also present a support map for Ronald Reagan during the 1984 election. The assassination attempt he faced three years earlier greatly influenced voters' final decisions, Nexta suggests.

In the 1984 presidential election, Reagan achieved a resounding victory over Democratic candidate Walter Mondale. Reagan received 58.8 per cent of the popular vote and a staggering 525 electoral votes, while Mondale received only 40.6 per cent of the popular vote and 13 electoral votes. This result was one of the most decisive victories in the history of American presidential elections.

Wave of comments after attempt on Donald Trump’s life

Immediately after the incident, support for Donald Trump surfaced on social media. Among the commentators were well-known influencers and entrepreneurs. Dave Portnoy, founder of Barstool Sports, stated that the assassination attempt had effectively ended the election campaign, giving Trump an almost certain victory.

Meanwhile, Elon Musk, CEO of Tesla, publicly expressed his support for the former president, wishing him a swift recovery.

How would Donald Trump’s victory affect the economy? Experts are also highlighting potential benefits for certain sectors of the economy if Trump is re-elected as president. Private prison stocks could be among the beneficiaries, potentially linked to stricter immigration policies. Companies offering credit cards might gain from the potential easing of financial regulations. Meanwhile, health insurance companies could see increases due to potential changes in the healthcare system proposed by Trump.

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