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Trump allies move to stem damage from Clinton debate

Trump allies move to stem damage from Clinton debate

Donald Trump & Hillary Clinton

Elizabeth TitusToluse Olorunnipa
Republican presidential nominee Donald Trump's team scrambled on Tuesday to stem the political damage from Democrat Hillary Clinton's wins in early reviews of their first debate.

Both global financial markets and everyday voters in polls said Clinton carried the day in the highly anticipated showdown.

Trump's aides tried to spin the night as a win even as a CNN poll showed that 62 per cent of voters who watched said Clinton won the debate compared to 27 per cent for Trump.

Risk appetite improved as traders judged that the possibility of a Trump presidency was receding, with the Mexican peso surging more than 2 per cent against the dollar as havens from gold to Treasuries retreated.

Personal attacks

The debate quickly got personal on the stage at Hofstra University in Hempstead, New York, on Monday, as Trump accused Clinton of staying home while he campaigned and Clinton questioned his wealth, charitable giving, and whether he pays any federal income tax.

  Trump's attacks ran out of steam as the night wore on, while Clinton saved some of her best lines for the end of the 90-minute session.

She batted back Trump's claim that she lacked the "stamina" to be president and reminded viewers of some of Trump's harshest words about women and minorities.

"She has become a US citizen," Clinton said of a Latina beauty-pageant participant Trump once called "Miss Piggy" and "Miss Housekeeping," and "you can bet she's going to vote."

Trump said that he could have made "nasty" comments about Clinton's family but that he chose not to. He said afterward that he "didn't want to do my final attack" on former President Bill Clinton, "on what took place with respect to him and his life and all of the things that took place," because the Clintons' daughter, Chelsea, was in the room. "Debates are fine, but I think what's most important is who is out there with people showing that they're not hiding behind a podium or in a fundraiser with donors or wherever they may be on many days off," Trump campaign manager Kellyanne Conway told reporters in the so-called spin room after the debate.

Conway said Trump showed restraint in the final moment of the debate by not responding to his opponent's "specious, gutter political attacks, partisan negative attacks about him and women" by criticising her husband while their daughter was present. "Restraint is a virtue, and restraint is certainly a presidential virtue," Conway said.

Conway said Trump has momentum on his side and plans to return to a busy campaign schedule in the battleground states, starting with a Florida swing on Tuesday.

Hillary Clinton is due to rally in North Carolina while Vice President Joe Biden and Bill Clinton do separate events for her in Pennsylvania and Ohio.

"Do you feel good tonight? Well, I sure do," Hillary Clinton told supporters at a watch party after the debate.

Peso rebounds

Mexico's peso rebounded from a record low and US stock index futures rose with equities in Asia and Europe after the debate. Canada's dollar also strengthened.

The Mexican and Canadian currencies have both shown sensitivity to Trump's improving poll position in recent weeks as the Republican nominee promises to make American's southern neighbour pay for a border wall and to renegotiate the North American Free Trade Agreement or possibly withdraw from it.

"The peso, Canadian dollar, S&P futures and Australian dollar are all surging -- very much a relief rally in risk assets," said Sean Callow, a senior currency strategist at Westpac Banking in Sydney. "In FX markets, the most obvious trade to anticipate a Trump presidency is to short the peso."

The MSCI Asia Pacific Index also rose 0.5 per cent.

"Globally we'd started today on concerns over Deutsche Bank, and the yen weakened while stock markets tipped lower," said Chihiro Ohta, a Tokyo-based senior strategist with SMBC Nikko Securities Inc. "But with the view solidifying that Secretary Clinton had taken the upper hand in the first presidential debate, the risk-avoiding moves in the yen receded."

Future Debates

Former New York City Mayor Rudy Giuliani, one of Trump's top advisers, said that if he were Trump, "I wouldn't participate in another debate unless I was promised that the journalist would act like a journalist and not an incorrect, ignorant fact checker," according to Politico.

Trump had disputed moderator Lester Holt's description of the policing tactic known as "stop and frisk" that Giuliani supports. A US district judge in 2013 ruled that the tactic unlawfully targeted minorities.

Republican opinion researcher Frank Luntz said more people in his 22-person focus group favoured Clinton's debate performance than Trump's.

"Hillary Clinton has learned how to bait Trump. He doesn't know how to not take it," Luntz said on Twitter during the debate. "Her attacks work. His defenses don't."

Poll Trends

In addition to the CNN poll -- which found Clinton's ratings comparable to Republican Mitt Romney's after his strong first debate with President Barack Obama in 2012 - a survey by the Democratic firm Public Policy Polling found more debate watchers considered Clinton the winner.

These post-debate polls are methodologically similar to traditional election surveys unrelated to debates, in contrast to, for example, online reader polls on news websites. Trump on Tuesday heralded several surveys of the latter type that showed him winning the showdown.

But post-debate polls like CNN's focus on voters who watched, not likely voters overall, and any longer-term changes in public opinion of the race as a result of the debate remain to be seen. Indeed, Trump's poll numbers rose on his way to capturing the Republican nomination even as his opponents sometimes shone brighter in the primary-debate spotlight.

Clinton's national polling lead narrowed this month after a strong summer. She's ahead by an average of 1.6 percentage points when third-party candidates are included, RealClearPolitics said Tuesday.

The election forecaster FiveThirtyEight gave Clinton a 54.8 per cent chance of winning the November 8 election in its polls-only model Tuesday, down from 89.2 per cent in mid-August.

Bloomberg

POINTS TO PONDER
  • Donald Trump spoke 36 per cent more than his Democratic rival Hillary Clinton in the presidential debate
     
  • Clinton used policy-oriented keywords such as "jobs," "taxes," "police," and "military" more frequently than Trump
     
  • Immigration, a major issue for Trump on the campaign trail, barely surfaced during the debate

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First Published: Sep 28 2016 | 12:10 AM IST

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