Trump Leads In Historic Election; Republicans Take Over Senate

Newsletter Nov 6, 2024

Quick Six

Trump has commanding lead; Republicans take over Senate
Voters across the United States faced radically different choices in candidates for the office of president as they decided between Kamala Harris or Donald Trump. who held a commanding lead late Tuesday. Despite polls showing a dead heat with the winner to be determined by a small group of swing states, Trump virtually ran the table. As of midnight ET, Trump held a 230-182 lead in the electoral college vote. Key battleground states were still too close to call, however the results are in on many congressional races.
SEE THE LATEST RESULTS FOR PRESIDENTIAL ELECTION

Trump Media trading halted amid volatile day on Wall Street
On a tumultuous Election Day on Wall Street, Trump Media & Technology Group's stock (DJT) closed down 1.2% after climbing over 15% earlier in the day. Trump Media trading, which was halted three times Tuesday due to extreme volatility, saw over 147 million shares exchanged in the session -- nearly triple the 30-day average of 52.1 million. The stock's volatility is linked to investors anticipating dramatic price movements based on election results.
TRUMP MEDIA REPORTS LOSS IN QUARTERLY EARNINGS

Boeing workers vote to end strike for more money, benefits
Striking workers at Boeing approved a new contract proposal, ending a 53-day stoppage that had cost the company billions. The International Association of Machinists and Aerospace Workers District 751 said it had ratified the offer by a vote of 59% after rejecting two prior offers. The contract includes a 38% wage hike, a $12,000 signing bonus and a provisions to lift employer contributions to a retirement plan and contain health care costs.
WITH STRIKE OVER, BOEING HAS MORE PRESSING ISSUES

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Markets

DJIA	42,221.88	1.02%
S&P 500	5,782.76	1.23%
Nasdaq Composite	18,439.17	1.43%
Japan: Nikkei 225	39,314.45	2.18%
UK: FTSE 100	8,172.39	-0.14%
Crude Oil Futures	71.13	-1.19%
Gold Futures	2,750.30	0.02%
Yen	153.49	1.23%
Euro	1.08	-1.31%
* As of market close

Netanyahu fires defense chief, anger erupts

Israel Prime Minister Benjamin Netanyahu sent shockwaves through the political world on Tuesday when he announced the unexpected firing of Defense Minister Yoav Gallant, who served in the role since 2022 as a member of the PM's ruling Likud Party. The surprise move came as elections are held in the U.S., Israel's top military backer. Netanyahu and Gallant have frequently clashed over Israel's retaliatory military offensive against Hamas following the Palestinian militant group's deadly attack on Israel on October 7 last year.

WHAT GALLANT'S FIRING MEANS FOR MIDEAST PEACE HOPES

Florida fails to pass recreational marijuana

Florida voters failed to secure enough support to pass an amendment to the state constitution to legalized recreational marijuana use for adults 21 years and older. Despite more than 5.3 million Floridians voting yes compared with 4.3 million voting no, Amendment 3 failed to reach the 60% threshold that would have legalized recreational use of the drug. It marks a win for Gov. Ron DeSantis, who tried to keep it off the ballot earlier this year then urged voters not to support the measure.

FLORIDA ALSO VOTES AGAINST OVERTURNING ABORTION BAN

Mount Fuji ends record span without snow

Snow finally fell on Mount Fuji today, ending the Japanese mountain's longest-ever stint with bare slopes. The national weather agency, which compares conditions in exactly the same location each year, has not yet announced a new record for the slowest formation of Mount Fuji's famous snowcap, due to cloudy conditions near its monitoring station. That makes this year the latest arrival of snow since comparative data became available in 1894, beating the previous record of October 26.

SEE PHOTOS OF MOUNT FUJI'S FIRST SNOWFALL OF AUTUMN

Extra point

What place holds the record for the deepest snowfall ever measured?

Tuesday's answer: Quincy Jones produced the top-selling single (U.S.A. For Africa's "We Are The World" -- 20 million copies sold) and album (Michael Jackson's "Thriller" -- 70 million copies sold) of all-time.

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