Cathie Wood Endorses Trump for Economic Policies, Requests Interview Pull

Money | June 24, 2024, 8:13 p.m.

ARK Invest CEO Cathie Wood plans to vote for former President Donald Trump due to his track record on the economy, which she considers the most crucial issue. The endorsement came during an interview with YouTuber Kevin Paffrath, where Wood mentioned discussing the decision with her children, who are divided on their choices. However, Paffrath later removed the video, expressing misunderstanding and apologizing for potentially misrepresenting Wood's political views. Wood's stance aligns with some CEOs who appreciate Trump's economic policies, including tax cuts and support for the business community. However, there are still concerns among some business leaders over Trump's proposed tariffs and trade agreements. The article also mentions Trump's plans for further tax cuts if re-elected and contrasts his economic approach with that of current President Biden, who has overseen a strong job market and managed inflation levels. Overall, Wood's endorsement provides insight into the complex relationship between the business community and political figures.