Biden To Sign Executive Order To Limit Asylum Seekers Crossing US-Mexico Border: Report
Portfolio Pulse from Anthony Noto
President Joe Biden is expected to sign an executive order to temporarily close the U.S.-Mexico border to migrants when crossings exceed a certain threshold, marking a significant policy shift. This move is in response to increasing pressure to address illegal migration, a key voter concern ahead of the 2024 presidential election.
June 03, 2024 | 7:13 pm
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NEUTRAL IMPACT
The iShares Global Infrastructure ETF (IGF) could be influenced by Biden's executive order, as infrastructure needs may shift with changes in migration patterns.
Changes in immigration can affect infrastructure demand, but the direct impact on global infrastructure investments is uncertain.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The iShares U.S. Health Care Providers ETF (IHF) might see changes due to Biden's executive order, as shifts in immigration could affect healthcare service demand.
Immigration policy changes can influence healthcare service demand, but the direct impact on healthcare providers is uncertain.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The iShares U.S. Home Construction ETF (ITB) could be impacted by Biden's executive order on immigration, as changes in migration patterns may affect housing demand.
Changes in immigration policy can influence housing demand, but the direct impact on the home construction sector is uncertain.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The iShares TIPS Bond ETF (TIP) might experience changes due to Biden's executive order, as shifts in immigration policy could influence inflation expectations.
Immigration policy changes can influence inflation expectations, but the direct impact on TIPS bonds is uncertain.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50