{"id":8991,"date":"2024-07-22T09:46:13","date_gmt":"2024-07-22T08:46:13","guid":{"rendered":"https:\/\/hamiltoncourtfx.com\/?p=8991"},"modified":"2024-07-22T09:46:16","modified_gmt":"2024-07-22T08:46:16","slug":"biden-quits-presidential-race","status":"publish","type":"post","link":"https:\/\/hamiltoncourtfx.com\/es\/biden-quits-presidential-race\/","title":{"rendered":"Biden Quits Presidential Race"},"content":{"rendered":"
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Macro Monday<\/span><\/strong><\/h5>\n
It’s forecast that in 2024 the world will consume 795 million metric tons of wheat.<\/span><\/h5>\n<\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n
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Biden Quits Presidential Race<\/h2>\n <\/div>\n
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Global news headlines have been dominated by Joe Biden\u2019s decision to pull out of November\u2019s Presidential Election, in a move which will have major implications on Washington, the US and the wider world.<\/p>\n

In a statement released shortly after 13:45 EDT, the incumbent President stated that: \u201cIt has been the greatest honour of my life to serve as your President. And while it has been my intention to seek reflection, I believe it is in the best interest of my party and the country for me to stand down and to focus solely on fulfilling my duties as President for the remainder of my term.\u201d<\/p>\n

Biden\u2019s statement follows a tumultuous few weeks in the race for the White House, which turned a pivotal corner after his performance during the televised debate on 27 June caused panic within the Democratic camp. Growing concerns over his chances \u2013 and the wider impact that his campaign could have on the Democrat\u2019s hopes for the Senate and House \u2013 subsequently led to numerous high-profile players and donors voice both private and public calls for Biden to quit.<\/p>\n

It\u2019s also understood that Biden\u2019s decision taken yesterday was highly influenced on fresh polling data which showed support for his campaign collapsing in places like Virginia and Minnesota \u2013 neither of which were previously being considered a threat to the President.<\/p>\n

Around an hour and a half after the President\u2019s statement, Biden endorsed vice-president Kamala Harris, as attention swiftly turns to who will obtain the Democratic nomination.<\/p>\n

According to a poll conducted by Reuters\/Ipsos after the recent assassination attempt on the former President, support for Harris is roughly in line with that Trump of at 44% (with the same poll indicating that Biden was trailing two percentage points behind Trump).<\/p>\n

With the Democratic National Convention taking place between 19\u201322 August, potential candidates will no doubt have spent much of the last 12 hours trying to drum up support. According to recent murmurings however, one key player earmarked as a possible contender, Gretchen Whitmer will not now challenge Harris. Moreover, with another possible runner, Governor of California, Ga vin Newsom endorsing Harris yesterday evening, momentum in the Democratic camp presently appears to be behind the Vice-President.<\/p>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n

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Zelensky Addresses UK Cabinet<\/h2>\n <\/div>\n
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This weekend Volodymyr Zelensky visited Downing Street, as the UK and Ukraine reconvened bilateral talks to discuss the conflict in Ukraine. Here, Sir Keir Starmer reiterated Westminster\u2019s support for Kyiv as Zelensky calls on Western powers to commit more resources in their defence against Putin\u2019s aggression.<\/p>\n

The meeting involved Zelensky addressing Cabinet, as he become the first foreign leader to do so since 1997.<\/p>\n

Amongst other things this included the President of Ukraine requesting that the UK assist further with Kyiv\u2019s long-range capabilities. (This comes as Ukraine seeks to gain permission from Western allies to fire long range missiles into the Russian heartland, something which has proved highly geopolitically sensitive).<\/p>\n

The meeting between Zelensky and the UK Cabinet follows Defence Secretary John Healey\u2019s trip to Ukraine earlier this month. (Healey travelled to Ukraine just 48 hours after his appointment, in a clear sign of his commitment to the country\u2019s campaign). During the trip, Healey outlined that the package pledged by the government in April \u2013 which includes 90 Brimstone missiles and 400 vehicles \u2013 would be delivered within 100 days. This package forms the latest part of the UK\u2019s military assistance to Ukraine, which so far has exceeded \u00a37.6bn.<\/p>\n

With the Trump\/Vance campaign criticising the extent to which the US supports Ukraine, Zelensky is evidently seeking to sure up Western support elsewhere to mitigate against the impact of Washington reducing funding.<\/p>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n

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The Week Ahead<\/h2>\n <\/div>\n
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With the world\u2019s press firmly focused on Washington, this week gets of to steady start as far as data releases are concerned. Looking ahead, key releases this week include PMIs and the BoC\u2019s interest rate decision on Wednesday, ahead of US GDP on Thursday and PCE out from the US on Friday.\u00a0\u00a0<\/span><\/p>\n <\/div>\n <\/div>\n <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

Macro Monday, Biden’s decision to pull out of US election dominates headlines, UK and Ukraine discuss ongoing Ukraine conflict, and what’s happening this week.<\/p>","protected":false},"author":15,"featured_media":963,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"rp-language":[16],"class_list":["post-8991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-morning-updates","rp-language-en_gb"],"_links":{"self":[{"href":"https:\/\/hamiltoncourtfx.com\/es\/wp-json\/wp\/v2\/posts\/8991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hamiltoncourtfx.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hamiltoncourtfx.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hamiltoncourtfx.com\/es\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/hamiltoncourtfx.com\/es\/wp-json\/wp\/v2\/comments?post=8991"}],"version-history":[{"count":15,"href":"https:\/\/hamiltoncourtfx.com\/es\/wp-json\/wp\/v2\/posts\/8991\/revisions"}],"predecessor-version":[{"id":9006,"href":"https:\/\/hamiltoncourtfx.com\/es\/wp-json\/wp\/v2\/posts\/8991\/revisions\/9006"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hamiltoncourtfx.com\/es\/wp-json\/wp\/v2\/media\/963"}],"wp:attachment":[{"href":"https:\/\/hamiltoncourtfx.com\/es\/wp-json\/wp\/v2\/media?parent=8991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hamiltoncourtfx.com\/es\/wp-json\/wp\/v2\/categories?post=8991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hamiltoncourtfx.com\/es\/wp-json\/wp\/v2\/tags?post=8991"},{"taxonomy":"rp-language","embeddable":true,"href":"https:\/\/hamiltoncourtfx.com\/es\/wp-json\/wp\/v2\/rp-language?post=8991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}