Rupert Murdoch Losing Confidence In DeSantis Defeating Trump, Sources Say: 'DeSantis Is Underperforming, Anybody Can See That'
Portfolio Pulse from Chris Katje
Rupert Murdoch, founder of Fox News and chairman of News Corp (NASDAQ:NWSA) and Fox Corporation (NASDAQ:FOX)(NASDAQ:FOXA), is reportedly losing confidence in Florida Gov. Ron DeSantis' ability to defeat Donald Trump in the 2024 election. Murdoch's media outlets have significant influence over conservative voters, and his shift in support could impact the election landscape. This comes amid a falling out between Trump and Fox News, with Trump criticizing the network's coverage of DeSantis.
July 12, 2023 | 11:13 pm
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NEUTRAL IMPACT
Fox Corporation, also chaired by Rupert Murdoch, could experience short-term stock fluctuations due to the ongoing political dynamics involving Murdoch, DeSantis, and Trump.
Given the recent falling out between Trump and Fox News, any shifts in Murdoch's political support could potentially impact the public perception of Fox Corporation. However, the direct impact on the company's stock in the short term is uncertain.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75
NEUTRAL IMPACT
Fox Corporation's Class A shares (FOXA) could also see short-term volatility due to the political dynamics involving Murdoch, DeSantis, and Trump.
As with FOX, any shifts in Murdoch's political support could potentially impact the public perception of Fox Corporation and its Class A shares. However, the direct impact on the stock in the short term is uncertain.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75
NEUTRAL IMPACT
News Corp, chaired by Rupert Murdoch, could see short-term stock volatility due to the potential political implications of Murdoch's shift in support from DeSantis to possibly another candidate.
Rupert Murdoch's political influence could potentially impact the public perception of News Corp. However, it's uncertain how this will directly affect the company's stock in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75