Stocks tick higher before debate
Major stock indexes closed slightly higher in the hours before the debate, and on the eve of new inflation data that could affect the Federal Reserve’s decision on whether to adjust interest rates.
The upcoming report on May’s core personal consumption expenditures index could show that Biden-era inflation woes, which are declining but still persistent, are continuing to cool. That in turn could boost traders’ hopes that the Fed will be more likely to lower rates later in the year.
While the economy has skirted fears of a post-pandemic recession and the stock market has performed well under Biden overall, the Democratic incumbent has struggled to make his case to voters, whose economic attitudes remain broadly negative.
â Kevin Breuninger
Trump shares debate talking points on Truth Social; Biden campaign says ‘thanks’
Trump in a Truth Social post shared debate “talking points” suggestions on the climate that he received from former Environmental Protection Administration administrator Andrew Wheeler.
Wheeler, among other things, told Trump to argue that during his presidential administration “CO2 emissions went down” and that “Biden just increased the energy costs for everyone.”
Biden campaign rapid response director Ammar Moussa promptly posted the advice on X, and wrote, “Thanks I guess.”
– Dan Mangan
The last time either Trump or Biden debated a challenger was four years ago
Donald Trump, right, speaks as Joe Biden listens during the first U.S. presidential debate hosted by Case Western Reserve University and the Cleveland Clinic in Cleveland, Ohio, on Sept. 29, 2020.
Olivier Douliery | Bloomberg | Getty Images
Thanks to Biden’s lack of Democratic primary challengers and Trump’s decision not to participate in the Republican primary debates, tonight marks the first time either candidate has debated since they faced each other nearly four years ago, on October 23, 2020.
The lapse is unusual for presidential candidates, at least one of whom typically debates in their party’s primary. Whether the lack of practice will leave Biden or Trump rusty in tonight’s debate remains to be seen.
â Josephine Rozzelle
How tonight’s âmute buttonâ will work
Joe Biden and Donald Trump answer questions during the second and final presidential debate at the Curb Event Center at Belmont University in Nashville, Tennessee, on Oct. 22, 2020.
Morry Gash | Pool | Reuters
The candidates’ microphones will be muted tonight unless it is their turn to speak, a new rule likely prompted by the persistent interruptions that defined Joe Biden and Donald Trump’s last faceoff during the 2020 campaign.
Lights in the candidates’ field of view will turn yellow when they have 15 seconds left to speak and flash red when they are down to their last five seconds, CNN explained in a video Wednesday. The displays will turn solid red when a candidate’s time is up, at which point their microphone will be muted and the other’s turned on.
Biden and Trump will know when their microphones are muted thanks to lights on each of their lecterns. When the lights are green, the microphone is on. When the lights are off, their microphone is muted.
â Josephine Rozzelle
Unclear if Melania Trump will attend debate
Former U.S. President Donald Trump (L) and former First Lady Melania Trump arrive to vote in Florida’s primary election at a polling station at the Morton and Barbara Mandel Recreation Center in Palm Beach, Florida, on March 19, 2024.
Giorgio Viera | AFP | Getty Images
Will she or won’t she?
With less than five hours before the candidates face off, it is still not clear whether Melania Trump will be in Atlanta for the debate between her husband Donald Trump and Joe Biden.
The former first lady has been conspicuously absent from Trump’s side on the campaign trail and at the New York criminal hush money trial, where he was convicted last month of crimes related to paying off porn star Stormy Daniels.
â Dan Mangan
Mics cut, crowds nixed: Here are the rules of tonight’s debate
The stage is set for the first 2024 presidential debate between U.S. President Joe Biden and former U.S. President Donald Trump, in Atlanta on June 26, 2024.
John Nowak | CNN | Via Reuters
President Joe Biden and former President Donald Trump have debated before, but their first faceoff of the 2024 election cycle is bound to look very different.
That is due to the rules put in place by CNN, which is hosting the debate after both candidates sidestepped the Commission on Presidential Debates, the traditional organizer of the events.
Among CNN’s biggest changes: There will be no live audience, and candidates’ microphones will be muted until it is their turn to speak.
In another break from tradition, CNN is allowing two commercial breaks during the debate. Campaign staff are forbidden from interacting with their candidate during those times.
Trump and Biden will be standing at lecterns eight feet apart during the 90-minute debate in Atlanta. Biden won a coin flip to choose his lectern position, though in doing so he allowed Trump to get the final word of the night.
There will be closing statements but no opening statements. Candidates will have two minutes to answer questions, and one minute for responses or rebuttals.
The moderators â CNN anchors Jake Tapper and Dana Bash â will have discretion to allow additional time for follow-ups.
â Kevin Breuninger
Trump is still bound by gag orders. Here’s what he can’t say
Former U.S. President Donald Trump sits in the courtroom during his hush money trial at Manhattan Criminal Court in New York City on May 30, 2024.
Michael M. Santiago | Via Reuters
Donald Trump will debate Joe Biden while his speech is restricted by gag orders in multiple civil and criminal cases against him.
Judge Juan Merchan recently lifted part, but not all, of the gag order on Trump in his criminal hush money case in Manhattan Supreme Court.
Trump, who was convicted on 34 felony counts in that trial, is now free to speak about witnesses and the jury. But he is still barred from discussing lawyers and staff for the Manhattan district attorney’s office and the court, plus any of their family members.
At least two other gag orders on Trump still appear to be in effect: one from his New York civil business fraud trial, and one from his federal election interference case in Washington, D.C., federal court.
The gag order from the civil fraud trial barred Trump from speaking about court personnel. It was imposed after Trump repeatedly verbally attacked the judge’s principal law clerk.
In the D.C. case, Judge Tanya Chutkan restricted public statements about likely witnesses, court staff and related legal counsel, including the lead prosecutor, Special Counsel Jack Smith. A federal appeals court later narrowed that gag order, allowing Trump to speak about Smith.
â Kevin Breuninger
White House Correspondents’ Association slams CNN for keeping Biden’s travel reporters out of debate venue
The White House Correspondents’ Association complained about the exclusion of the White House travel pool of journalists from being in the studio during the debate.
Media crews work at the press room in the McCamish Pavilion on the Georgia Institute of Technology campus ahead of the first 2024 presidential debate between Joe Biden and Donald Trump, in Atlanta on June 27, 2024.
Marco Bello | Reuters
“WHCA is deeply concerned that CNN has rejected our repeated requests to include the White House travel pool inside the studio,” the group said in a statement, which noted it had asked for access for at least one print pool reporter.
The group said the “White House pool has a duty to document, report and witness the president’s events and his movements on behalf of the American people.”
â Dan Mangan
With no one else qualifying, Biden and Trump face off head-to-head
A banner in support of Independent presidential candidate Robert F. Kennedy Jr. is seen ahead of the first 2024 presidential debate between U.S. President Joe Biden and former U.S. President Donald Trump, in Atlanta on June 27, 2024.
Megan Varner | Reuters
CNN announced last week that Joe Biden and Donald Trump were the only presidential candidates who met its qualification requirements, solidifying tonight’s head-to-head debate.
To earn a spot tonight, presidential hopefuls had to cross two key thresholds by June 20:
- Candidates had to appear on enough state ballots to reach 270 electoral votes.
- Candidates had to receive at least 15% support in four national polls that met CNN’s standards.
Independent Robert F. Kennedy Jr. failed to meet those requirements, reaching 15% in just three surveys and gaining ballot access in only 10 states, according to an NBC News analysis.
â Josephine Rozzelle
Source Agencies