Harris relies on her love affair with Wall Street and Silicon Valley to campaign with full firepower to beat Trump?
Kamala Harris is now making a lot of money from Wall Street and Silicon Valley, earning nearly $5 million a day from her campaign.
This money gives her enough confidence to challenge Donald Trump.
As the election gets closer, this "love affair" may really help her win the election. With the support of the Democratic National Committee, Harris's spending is more than three times that of Trump and the Republican Party. In August, she spent an average of $7.5 million a day, while Trump only spent $2.6 million.
Since succeeding Joe Biden as the Democratic candidate, Harris's ability to raise money from the rich has helped her consolidate her position as a financial leader. Wall Street has helped Harris a lot. In September, she increased her advertising spending, investing $152 million, 21% more than in August. Trump only spent $63 million on advertising.
Polls show Harris leading Trump by a wide margin, with a small advantage in swing states. But the race is tight, and every dollar counts.
Bigwigs like Oaktree Capital's Bruce Cash, oil trader Andy Hall and Facebook co-founder Dustin Moskovitz have donated to support her. Even actress Scarlett Johansson has joined in.
The donations give Harris a clear financial advantage, allowing her to pour millions of dollars into key states like North Carolina and Nevada, where Trump had been confident.
By early September, Harris had $404 million in her campaign, compared with $295 million for Trump.