ibt-mailNov 5, 2024, 9:59 AM

US Election Day 2024: Harris, Trump Sprint To Finish Line

Newsletter Nov 5, 2024 Quick Six Harris, Trump sprint to finish line as US election day arrives Kamala Harris and Donald Trump embarked on a final frenzied campaign blitz Monday with both hitting must-

Newsletter Nov 5, 2024

Quick Six

Harris, Trump sprint to finish line as US election day arrives
Kamala Harris and Donald Trump embarked on a final frenzied campaign blitz Monday with both hitting must-win Pennsylvania on the last day of the tightest and most volatile US presidential election in memory. Republican Trump predicts a "landslide" win as he seeks a return to the White House, while Democrat Harris said the "momentum" is on the side of her bid to be America's first woman president. But the polls suggest a different story on the eve of Election Day -- total deadlock in seven battleground states.
SEE THE US PRESIDENTIAL ELECTION BY THE NUMBERS

Federal Reserve looks to lower rates in shadow of election
The Federal Reserve is expected to cut interest rates again this week, while votes are being counted in one of the closest-fought presidential races in decades. The Fed's rate meeting begins on Wednesday, and is expected to result in a 25 bps rate cut. The US has remained a bright spot in the global economy this year, with inflation falling toward the Fed's 2% target, while growth has been robust and the labor market has stayed surprisingly resilient.
SEE HOW THE FED IS BALANCING POLICY WITH POLITICS

US regulators reject plan to boost nuclear power to Amazon
Federal regulators rejected a request to boost electrical output from a Pennsylvania nuclear power plant to an Amazon data center, prompting a dip in some energy company stocks Monday. The Federal Energy Regulatory Commission voted 2-1 against an agreement that would have increased the amount of electricity coming from Talen Energy's Susquehanna nuclear facility from 300 megawatts to 480 megawatts.Two commissioners abstained.
SEE HOW SOME ENERGY STOCKS REACTED TO RULING

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Markets

DJIA	41,794.60	-0.61%
S&P 500	5,712.69	-0.28%
Nasdaq Composite	18,179.98	-0.33%
Japan: Nikkei 225	38,328.05	0.72%
UK: FTSE 100	8,184.24	0.09%
Crude Oil Futures	71.38	-0.13%
Gold Futures	2,744.70	-0.05%
Yen	152.38	0.16%
Euro	1.09	-0.03%
* As of market close

Musk's PAC admits to picking $1M winners

The director of Elon Musk's America PAC testified Monday that he selected the winners of a $1 million daily giveaway despite claim that they would be selected "randomly." America PAC director Chris Young said he picked the winners from a pool of people who appeared in videos after PAC workers met them outside campaign events for former President Donald Trump and reviewed their social media accounts. But Common Pleas Court Judge Angelo Foglietta denied a bid to stop the swing-state giveaway program one day before the presidential election.

HOW MUSK GOT AWAY WITH 'RANDOMLY' SELECTING WINNERS

NATO keeps a nervous eye on US elections

NATO will stay united no matter who wins the US election, secretary general Mark Rutte said in Berlin on Monday, as Washington's allies nervously await the outcome of the vote. Rutte said he had "no doubt" that whoever wins the election would continue to support NATO because it is "in the interest of the United States". Western allies fear turbulent times ahead for the defense alliance formed at the start of the Cold War if Trump wins Tuesday's knife-edge election. NATO took a hit under Trump's presidency as he berated allies for insufficient spending.

WHY WESTERN ALLIES FEAR A SECOND TRUMP PRESIDENCY

Musical mastermind Quincy Jones dies at 91

Quincy Jones, the impresario who dominated American music for decades and shaped the careers of stars including Michael Jackson, has died. He was 91. Jones died surrounded by family at his home in Los Angeles on Sunday. From Frank Sinatra to Michael Jackson, jazz to hip-hop, Jones tracked the ever-fluctuating pulse of pop over his seven-decade-plus career -- most often manipulating the beat himself.

THE LONG LIST OF QUINCY JONES' MUSICAL CONTRIBUTIONS

Extra point

Quincy Jones produced the top single and album of all-time. Name them.

Monday's answer: The first TGI Fridays restaurant was opened in 1965 by Alan Stillman in Manhattan, N.Y. The store closed its doors in 2022.

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