Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
In a room full of avowed capitalists, policies that sound to some like socialism are bound not to go over well.Delivering Alpharead more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
Republicans and Democrats have long since separated themselves by ideology, leaving each more uniformly conservative or liberal than ever. And now a new data analysis by the...Politicsread more
A Missouri man died of vaping-related illness, officials announced Thursday.Health and Scienceread more
At least in terms of monetary policy, Pence says should be taking after other regions who keep their benchmark interest rates near zero.Delivering Alpharead more
AT&T isn't focused on selling or divesting DirecTV, despite pressure from stakeholder Elliott Management, sources tell CNBC.Technologyread more
Patrick Shyu, a former tech lead at Google, has posted a series of videos making fun of Facebook, where he worked as a software engineer until last month.Technologyread more
The measure to keep the government running through Nov. 21 now heads to the Senate, where McConnell has signaled he will back a temporary spending plan.Politicsread more
Amazon's purchase comes as part of its plan to convert its delivery fleet to 100% renewable energy by 2030. The e-commerce retailer already runs 40% of its fleet on renewable...Autosread more
As part of the plan, Amazon has agreed to purchase 100,000 electric delivery vans from vehicle manufacturer Rivian.Technologyread more
The election won't likely have a big effect on the overall market, BlackRock's Russ Koesterich said Monday.
In fact, he thinks that any recent improvement in the equity market is more a function of better economic indicators rather than political influence.
"The thing about the election is, it's not that it doesn't matter. It's not clear it's going to matter for the broader market," he told CNBC's "Power Lunch."
For one, historically speaking, the occupant of the White House has not reliably driven the market, said Koesterich, head of Asset Allocation for BlackRock's Global Allocation Fund
"In addition, if we get the most likely outcome, which is probably somewhat of a continuation of the status quo and you're still looking at divided government, it may not have as much of an impact on the market at the broad level as some have suggested."
Democratic nominee Hillary Clinton has seen an uptick in the polls since the first presidential debate. She is leading Republican nominee Donald Trump 52 percent to 38 percent in a two-way race, according to the latest NBC News/Wall Street Journal poll released Monday. In a four-way race, which includes Green Party candidate Jill Stein and Libertarian Party candidate Gary Johnson, Clinton leads Trump 46 percent to 35 percent.
The outcome of the election will certainly affect sectors like health care and energy, Koesterich said.
But even then there can be nuances within the sector, Koesterich pointed out. For example, pharma and biotech have come under pressure because of the controversy over drug pricing. Clinton has proposed a consumer response team to monitor price hikes. However, if Clinton wins and the Affordable Care Act continues, he said some service providers and hospitals stand to benefit.
"It's worth focusing on sectors but even within the sector expect some differentiation depending upon the nature of the business and how Washington affects their revenue and their bottom line."
A Clinton victory would also probably mean continuity at the Federal Reserve, Koesterich said. He believes the central bank is likely to hike rates in December but this is going to be a very gradual and probably a somewhat short tightening cycle.
"The terminal level you get to when the Fed stops raising rates is going to be dramatically lower than it's been in previous cycles."
Trump has been critical of the Fed and has suggested it has kept interest rates low to help President Barack Obama's administration. Chair Janet Yellen responded by saying partisan politics plays no role in the Fed's decisions.
— CNBC's John Harwood contributed to this story.