Here's a final breakdown of how both presidential candidates might affect your finances

• This post originally appeared in the Insider Today newsletter.
• You can sign up for Business Insider's daily newsletter here.

Welcome back! A 72-year-old VC investor still runs four marathons a year. He spoke to BI about how he fits the training into his busy schedule as he tries to run 100 marathons before he turns 100.

In today's big story, a final look at the impact a Harris or Trump presidency will have on your finances.

What's on deck:

• Markets: A survey exclusively shared with BI shows how a slice of Wall Street thinks the election will go.
• Tech: Nvidia is replacing Intel in the Dow Jones Industrial Average.
• Business: We spoke to more than 750 people about their struggles finding a job.

But first, let's go over it one more time.

If this was forwarded to you, sign up here.

The big story

The White House and your wallet

On the eve of election day, we're offering a final breakdown of how both candidates might affect your wallet.

Business Insider ran a five-part refresher series last week examining how the policies proposed by Vice President Kamala Harris and former President Donald Trump impact US consumers.

With little middle ground between the two candidates, there are a wide range of implications. Let's get into it:

Investing: The corporate tax rate is the major difference between the two sides that'll likely have the biggest impact on markets. Trump's plan to reduce the rate, which stands at 21%, is viewed by most as beneficial for corporate earnings. Harris wants to raise the corporate tax rate, which would likely have the opposite effect.

Cost of things: Both candidates are looking to keep leveraging tariffs, but Trump's policy is much more aggressive. His broad-based 10%-to-20% tariff on most imported goods will ultimately make those products more expensive, according to most economists. When it comes to grocery prices, Trump previously said he'd restrict food imports to boost local farmers. Harris wants a federal ban on price gouging, but that'd only be applicable during national emergencies.

Housing: Harris wants to boost construction, with a goal of adding 3 million new housing units during her first term. The former president views his immigration plan — deporting millions of people from the country — as a way to address the housing shortage. Banning mortgages for immigrants living in the US illegally is another way to lower demand, according to Trump.

Taxes: Trump is expected to expand on the tax cuts he established in 2017. The highest earners in the country, those in the top 0.1%, would see a tax reduction of nearly $280,000 whereas middle-income Americans would get a $1,000 break on their taxes, according to one analysis. Harris' proposals will favor lower-income earners, although she's promised to not raise taxes for anyone making below $400,000. She does support a minimum income tax for billionaires.

Childcare: Both candidates have discussed increasing the amount of the child tax credit, which currently provides up to $2,000 per child. Harris has also zeroed in on childcare costs, promising to cap those expenses at no more than 7% of families' income. Neither candidate has suggested funding childcare facilities or boosting hiring, which is a key issue for the industry.

News brief

Top headlines

• Harris leads Trump by three points in a new poll in GOP-leaning Iowa.
• TGI Friday's filed for Chapter 11 bankruptcy.
• Scoop: Gwyneth Paltrow's lifestyle brand Goop conducted another round of layoffs.
• In an all-hands, Intel CEO addresses employee concerns about the US election and CHIPS Act funding.
• WATCH: How Elon Musk is reshaping American politics. A conversation with Politico and BI.
• How a free meal cost an investor his retirement savings.
• The China threat and the EV slowdown — 2 takeaways from a busy few weeks in auto news.
• Record producer Quincy Jones has died at 91 in his home in Bel Air.
• The US dollar is jittery, and it's not only because of the presidential election.
• The Navy's top ballistic missile interceptor comes with a heavy price tag, but the US can't afford to go to war without it.

3 things in markets

1. These investors give the slight edge to Trump. A survey of some of SumZero's investor community, which includes small hedge funds and family offices, found 53% believe Trump will win the election. That follows other signals the finance world is sending that it views Trump as the favorite, including European stocks trading at a discount due to concerns over tariffs.
2. Interest rate cuts are back. The Fed will announce Thursday what it plans to do with rates, with most traders expecting a 25-basis-point cut. After that, there's one more chance for the Fed to cut rates in December, although JPMorgan's strategy chief said a Trump win could give the central bank pause.
3. Wall Street analysts are scratching their heads over Comcast's potential reorg. The company's president suggested it might spin out CNBC and MSNBC into a new firm while retaining NBC and adding a partner to its steamer. On paper the move makes sense, but analysts question how the cable networks could survive by themselves and who would be willing to team up with Peacock.

3 things in tech

1. A monumental swap. S&P Dow Jones Indices announced Nvidia will replace Intel in the Dow Jones Industrial Average index, which looks to project the most relevant picture of the US economy. It shows how far Intel has fallen from relevancy, and raises questions about the future role it'll play in computing and AI. BI's Emma Cosgrove explains why it's such a big deal.
2. Everything we know about the Apple Intelligence rollout. Some of Apple's long-awaited AI features rolled out last week, including a new Siri interface and enhanced Messages. However, other features unveiled at WWDC in June won't be available until 2025. We've got an estimated timeline of the rest of the releases, based on what Apple experts and the company have said since WWDC.
3. Some Democratic political advertisers are still betting on X. Though Musk's ownership has shifted the platform's political stance, a small number of Democratic ad campaigns still see opportunity. Montana Sen. Jon Tester and Texas Rep. Colin Allred are among the Democrats still hanging on tight to X.

3 things in business

1. Endless options are ruining e-commerce. The allure of online shopping was the ability to compare a variety of options from the comfort of your home. But what happens when there are literally tens of thousands of products to choose from? Information overload, choice paralysis, and extremely frustrated shoppers.
2. The great American shoplifting spree. Regular Americans are shoplifting everything from tape measures to blocks of cheese, and they don't feel particularly bad about it. Some of these opportunists view it as a way of fighting back against goods that are unjustly expensive.
3. The biggest woes of finding work. BI spoke to over 750 people who have struggled to find a job, from older workers just shy of retirement to eager recent graduates. They shared what they're most frustrated with, including fake job postings, competition from AI, and the feeling of being shut out from some careers.

What's happening today

• Fox Corp, Goodyear, Marriott, and other companies report earnings.
• Boeing's unionized workers vote on a new pay offer.

The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Jordan Parker Erb, editor, in New York. Hallam Bullock, senior editor, in London. Ella Hopkins, associate editor, in London. Amanda Yen, fellow, in New York. Milan Sehmbi, fellow, in London.