A Republican wipeout in the midterm elections could expose investors to an export control or ban on gas and diesel imposed just before the vote, Veda Partners managing partner and director of economic policy Henrietta Treyz said. Treyz called such a move the most immediate concern for investors, warning it would be extraordinarily disruptive, could temporarily lower domestic gas prices, and would change the economics of a global commodity on a go-forward basis. She also said investors should be wary of the investigations and oversight Democrats will embark upon next year, which she expects to be far more focused on private industry than on cabinet members such as Pete Hegseth and Kristi Noem. Democrats, she said, want to know whether Walmart, Dollar Tree, Apple and Tesla obtained tariff rate reductions or exclusions, and whether companies that received refunds passed that money back to consumers by lowering prices. Treyz said lawmakers will examine whether exclusions involved a quid pro quo with the White House, and she expects them to haul up the CEOs of Meta, Google, Nvidia and Apple to determine how such moves affect inflation and consumer prices.
Apple Inc.
Applovin Corp
Alphabet Inc Class C
NVIDIA Corporation
Dollar Tree Inc
Walmart Inc.
Meta Platforms Inc.
Tesla Inc