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Tags: DoubleLine Capital | Jeffrey Gundlach | Donald Trump | popularity

Jeff Gundlach: Trump Won't Quit Unless Support Falls Below 20 Percent

Jeff Gundlach: Trump Won't Quit Unless Support Falls Below 20 Percent
(AP)

Friday, 18 August 2017 07:36 PM EDT

DoubleLine Capital Chief Executive Jeffrey Gundlach, one of the few money managers to predict the election of Donald Trump, says the president probably wouldn’t resign unless his popularity falls much further.

“I think Trump will not resign unless his favorability drops below 20, and that is not a very high odds outcome,” Gundlach, whose Los Angeles-based firm oversees about $111 billion, said Friday in an emailed response to questions.

Trump’s job approval rating is at 39 percent, according to a compilation of recent polls by Real Clear Politics. That’s down from 44 percent when he was inaugurated in January.

Gundlach said early last year that he expected Trump to win the election because the country was ready for a change.

© Copyright 2024 Bloomberg News. All rights reserved.


StreetTalk
DoubleLine Capital Chief Executive Jeffrey Gundlach, one of the few money managers to predict the election of Donald Trump, says the president probably wouldn't resign unless his popularity falls much further.
DoubleLine Capital, Jeffrey Gundlach, Donald Trump, popularity
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2017-36-18
Friday, 18 August 2017 07:36 PM
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