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Donald Trump’s return to the presidency has done something no political opponent could: put an end date on his time atop the Republican Party. Trump single-handedly remade the Republican Party in his own image, not only becoming its unquestioned leader but also rewiring what the Grand Old Party stands for. “We are getting four more years of Trump and then eight years of JD Vance!” Trump Jr. said last week as he campaigned for Ohio Senate candidate Bernie Moreno. He had a shaky start, but he has steadied himself,” a veteran Republican operative said. “A Trump win means [the 2028] field will be slower to develop,” a longtime Republican operative said.
Persons: Donald Trump’s, MAGA, Trump, , “ Trump, Reagan, JD Vance, Vance, Gene J, Donald Trump Jr, ” Trump, Bernie Moreno, “ JD, steadied, , Ron DeSantis, Sarah Huckabee Sanders, Vivek Ramaswamy, Brian Kemp, Nikki Haley, Glenn Youngkin, Sen, Ted Cruz of, Tim Scott of, Ronald Reagan, ” DeSantis, I’m, “ Huckabee Sanders, , Huckabee Sanders, Ramaswamy, Haley, ” Haley, Dave McCormick can’t, Donald Trump Organizations: Republican Party, Trump, Old Party, Republicans, Republican, Trump Republicans, Reagan Democrats, Ohio, White House, Florida Gov, Georgia Gov, South Carolina Gov, Virginia Gov, Trump Republican, Gov, GOP, Trump ” Republicans Locations: Trump, Butler , Pennsylvania, Bedford , Pa, Arkansas, Georgia, Virginia, Ted Cruz of Texas, Tim Scott of South Carolina, Florida, Iowa, Ohio, South Carolina, Pittsburgh, Pennsylvania
The S&P 500 and Nasdaq rose Thursday, extending Wall Street’s rally in the wake of President-elect Donald Trump’s victory, as traders weighed the latest rate cut from the Federal Reserve. The S&P 500 gained 0.74% to close at a record high of 5,973.10. The S&P 500 jumped 2.53% for its best post-election day in history. Those big swings were the backdrop for the Federal Reserve’s interest rate cut Thursday afternoon. “The balance of risks gives the Fed ample room to lower the Fed Funds rate well into 2025.
Persons: Donald Trump’s, Trump’s, Jerome Powell, , Jamie Cox, Trump, Tony Roth, we’ve, ” Roth, JPMorgan Chase Organizations: Nasdaq, Federal Reserve, Dow Jones, Dow, Treasury, Harris Financial, Wilmington Trust, , Big Tech, Apple, Nvidia, JPMorgan, American Express Locations: Wilmington
Millions of Americans risk losing subsidies next year that help them pay for health insurance following President-elect Donald Trump’s election win and Republicans’ victory in the Senate. Even Democratic control of the House likely won’t save the subsidies, he added. As of Thursday afternoon, House Republicans had won 209 seats, just nine short of the majority, according to an NBC News tracker. In 2024, more than 20 million people got health insurance through the ACA, according to the Centers for Medicare and Medicaid Services. “This means fewer people will know their rights under the law and many will not sign up for ACA health care plans.
Persons: Donald Trump’s, , Trump, Chris Meekins, Raymond James, , , Meekins, Cynthia Cox, Cox, ” Cox, Lawrence Gostin, ” Gostin, Gostin Organizations: Republicans ’, Senate, American, Republicans, White House, GOP, HHS, NBC, Centers, Medicare, Services, Congressional, Trump, CBO, Congress, O’Neill Institute for National, Global Health Law, Georgetown University, ACA Locations: Southern, KFF
Federal Reserve Lowers Interest Rates
  + stars: | 2024-11-07 | by ( ) www.nytimes.com   time to read: 1 min
The economy is strong overall and has made significant progress toward our goals over the past two years. The labor market has cooled from its formerly overheated state and remains solid. We are committed to maintaining our economy’s strength by supporting maximum employment and returning inflation to our 2 percent goal. decided to take another step in reducing the degree of policy restraint by lowering our policy interest rate by a quarter percentage point. In the near term, the election will have no effects on our policy decisions.
An NBC News poll at that time showed that at least 20% of Black men would support Trump — an alarming number for Democrats. Harris introduced an Opportunity Agenda for Black Men, outlining what her administration would do to support that voting constituency that seemed movable. But that effort was one of the few that addressed Black men directly, he added. Black men younger than 30 and older than 65 were the most likely to support Harris at 78% and 87%, respectively. We must avoid casting Black men as scapegoats and saviors.”Jones added that the numbers should be considered with nuance.
Persons: Donald Trump, Joe Biden’s, Kamala Harris, Harris, Alvin Tillery, , ” Tillery, Tillery, , Black, ” Darius Jones, ” Jones, Trump, ” Marcus Hans, Harris ’, ” Hans, ” Harris, NFL standouts Antonio Brown, Le’Veon Bell, Kamala ’ isn’t Organizations: NBC, Trump, Biden, Northwestern University, PAC, For Black Equity, Black, NBC News, National Empowerment, Action Fund, Democratic Party, Democrats, Howard University, NFL Locations: Tuesday’s
Trump said he considers his sweeping victory over Vice President Kamala Harris this a mandate "to bring common sense" to the country. As a candidate, Trump had repeatedly vowed to carry out the "largest deportation effort in American history." Asked about the cost of his plan, he said, "It’s not a question of a price tag. Trump also spoke about his phone calls with Harris and President Joe Biden since the election. Trump also said that he spoken with Ukrainian President Volodymyr Zelenskyy, but didn't divulge details about that conversation.
Persons: Donald Trump, Trump, Kamala Harris, I’m, they’re, Patrick J, Lechleitner, Trump's, Harris, Joe Biden, Biden, Benjamin Netanyahu, Volodymyr Zelenskyy, Vladimir Putin Organizations: NBC, NBC News, Trump, Justice Department, Pentagon, Asian, Howard University, Wednesday, White Locations: U.S, Puerto Rico, Ukraine
The chart below shows the difference between Trump’s vote percentage in 2020 and his percentage in 2024 in Pennsylvania precincts. Dots above the dotted black line are precincts where Trump out-performed his vote percentage four years ago. Most precincts in Pennsylvania shifted toward Trump, with the biggest shifts coming in areas where he won 20% to 30% of the vote in 2020. While Harris and Biden both won this region comfortably, Harris’ vote margin was nearly 120,000 votes smaller than Biden’s. The map on the left shows Philadelphia precincts according to who won that precinct.
Persons: Donald Trump’s, Trump, Trump’s overperformance, Harris, Harris ’, Biden Organizations: NBC, Republicans, Democrats, Trump Locations: Pennsylvania, Trump, Philadelphia, Harris, That’s, Center City
“A political pyromaniac who must be put before a criminal court,” Jean Asselborn, then-foreign minister for Luxembourg, said of Trump after the Jan. 6, 2021, Capitol riot. "Trump has ruined it all," Croatian President Zoran Milanović said, also in 2021. Following Trump’s election victory, at least two of these U.S. allies, the U.K. and Australia, have had to dial back some of their previous attacks. U.K. Foreign Secretary David Lammy in September. Charles Parton, who served as a British diplomat for almost four decades, said that “the Labour Party has got some grounds to make up” after a perception that Starmer's party had favored the Democrats.
Persons: Donald Trump's, Kevin Rudd, Trump, , ” David Lammy, ” Jean Asselborn, Zoran Milanović, Rudd, , won’t, David Lammy, Neil Hall, government’s, Trump’s, Harris, Keir Starmer, Charles Parton, Parton, Nigel Farage Organizations: Capitol, Australian Government, Foreign, Bloomberg, Getty, , U.S, Relations, Labour Party, Trump, Federal, Commission, Labour, Democrats Locations: U.S, Luxembourg, Australia, United States, British
Trump picked up a larger portion of voters under 30 than any Republican presidential candidate since 2008, according to NBC News exit polling, improving with both young men and young women. In 2020, President Joe Biden beat Trump by 11 percentage points among young men; this year, Trump beat Kamala Harris by 2 points. Among young women, Biden’s 35-point lead over Trump in 2020 shrunk to a 24-point lead for Harris. Among young white men without college degrees, Trump beat Harris, 56% to 40%. “Every candidate and party had an opportunity to really listen to young voters and hear what they really wanted,” Kawashima-Ginsberg said.
Persons: Donald Trump’s, , Adin Ross, Theo Von, Bussin, Joe Rogan, ” Dana White, Trump, Joe Biden, Kamala Harris, Harris, “ it’s, , Kei Kawashima, Ginsberg, Young, Kawashima, Rogan, influencers, Jake Paul, ” Kawashima, Ryan Jones, Jones, would’ve, Jaiveer Bajwa, Kaeli Bennet, Barron Trump, Joe Rogan’s, Barron, Sobolewski, Von, ” Trump, Von’s, Alex Cooper’s “, Gen, Harris ’, Anil Cacodcar, you’re, ” Cacodcar Organizations: Trump, Republican, NBC, Tufts University’s Center for Information, Research, Civic, Edison Research, Harris ’, Trump ., YouTube, Harvard, Biden Locations: United States, Pennsylvania, Ohio
WASHINGTON — President Joe Biden, addressing the nation after Donald Trump’s decisive victory over Vice President Kamala Harris, urged Americans on Thursday to “accept the choice the country made” while encouraging his supporters to “get back up.”“We accept the choice the country made,” he said in brief remarks from the White House Rose Garden. Instead, Trump expanded his base and captured several battleground states that Biden flipped in 2020: Pennsylvania, Georgia, Michigan and Wisconsin. Biden also called Trump and congratulated him on his victory. “President Biden expressed his commitment to ensuring a smooth transition and emphasized the importance of working to bring the country together,” the White House said. “He also invited President-elect Trump to meet with him in the White House.
Persons: Joe Biden, Donald Trump’s, Kamala Harris, , , “ I’ve, Biden, Harris, Trump Organizations: WASHINGTON, White, Trump, Howard University Locations: America, Pennsylvania, Georgia, Michigan, Wisconsin
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Persons: Kamala Harris’s, Donald Trump Organizations: Trump
A statue of an eagle is seen on the Federal Reserve building on September 17 in Washington, DC. One of those meetings takes place in November and, coincidentally, kicked off the Wednesday directly right after Election Day. As Fed Chair Jerome Powell has previously vowed, officials don’t take the political calendar into consideration when they make interest rate decisions. Still, this meeting’s proximity to Election Day has put the Fed in an uncomfortable position — whether Powell and his colleagues want to admit it or not. Already, officials have been scrutinized for their decision to begin lowering rates at its last meeting before the election, which took place in September.
Persons: Anna Moneymaker, Jerome Powell, don’t, Powell’s, Powell Organizations: Federal Reserve, Reserve Locations: Washington , DC
Ties have been at their lowest point in decades amid disputes over trade, technology, Taiwan and Chinese aggression in the South China Sea. “We respect the choice of the American people,” the Chinese Foreign Ministry said in a statement earlier. A second Trump presidency “could mark a new beginning in China-U.S. relations if the chance that has been offered is not wasted,” state-run newspaper China Daily said in an editorial on Wednesday. But Chinese officials laser-focused on stabilizing their faltering economy are also mindful of the tariffs of 60% or more that Trump has vowed to impose on all Chinese imports. One person it may turn to for help is tech billionaire Elon Musk, a devoted Trump supporter with extensive business interests in China who is wildly popular there.
Persons: , Xi Jinping, Donald Trump, Biden, Xi, Trump, China “, , Susan Walsh, Rick Waters, Kamala Harris, Waters, Trump’s, ” Waters, Harris, Mao Ning, Elon Musk, Ian Bremmer Organizations: Trump, ” Xinhua, Foreign Ministry, Eurasia Group, Democratic, ., China Daily, CNBC Locations: HONG KONG, Taiwan, South China, Beijing, China, Asia, Pacific, South Korea, Japan, Australia, U.S, China’s, New York, Houston, Chengdu
A look at the factors that led Donald Trump to victory and Kamala Harris to an election loss. A fast-growing wildfire spreads in California. How Trump won and Harris lost the electionThe analysis of President-elect Donald Trump's victory over Vice President Kamala Harris began before Election Day had ended. But Donald Trump’s presidential election victory injects new uncertainty into what happens long-term. Fast-moving wildfire tears through California communityA wildfire in Southern California quickly grew to over 14,000 acres, sending firefighters rushing to get residents out of homes and to safety, officials said.
Persons: Donald Trump, Kamala Harris, Trump, Harris, Donald Trump's, Joe Biden, , Biden, Donald Trump’s, Trevor Johnson, Johnson, Ryan Sun, Steve Ballmer's, they’re, — Andrew Greif, Elizabeth Robinson Organizations: NBA, Trump, Republicans, Howard University, Biden, Republican, NBC, , Federal, Wall, “ Firefighters, Intuit, Los Angeles Clippers, Phoenix Suns, Steve Ballmer's Los Angeles Clippers Locations: California, Southern California, Ventura County, Santa Ana, Moorpark, Inglewood , California
The three remaining ministers of the Free Democrats resigned in response, leading to the downfall of the government coalition. Scholz is expected to lead the country with a minority government, but the opposition is calling for an immediate no-confidence vote. Tobias Schwarz / AFP - Getty Images fileScholz’s left-leaning Social Democrats will now effectively lead a minority government with the remaining coalition partner, the environmentalist Greens. Lindner’s pro-business Free Democrats had rejected tax increases or changes to Germany’s strict self-imposed limits on running up debt. Scholz’s Social Democrats and the Greens wanted to see major state investment and rejected the Free Democrats’ proposals to cut welfare programs.
Persons: Chancellor Olaf Scholz, Christian Lindner, Scholz, Volker Wissing, Lindner, Frank, Walter Steinmeier, ” Scholz, Olaf Scholz, Tobias Schwarz, Friedrich Merz, Merz, , , ” Merz, Achim Wambach, Donald Trump Organizations: Free Democrats, German Finance, AFP, Getty, Social Democrats, Greens, Christian Democrats, German Bundestag, Scholz’s Social Democrats, Leibniz Center for European Economic Research Locations: Berlin, German, Germany, , Europe
In the final weeks of the campaign, Trump kept supporters at a Michigan rally waiting for hours after he detoured to Texas to record Rogan’s show. And then many of them suddenly found themselves running Harris’ campaign. “This has been an historic partnership in which these teams have worked together extraordinarily well,” said a White House official who has been there from the beginning. “Not enough people understand the importance of that,” a Trump campaign official said of the Kennedy nod. It was the first energizing move that the campaign had since the switch-out.”A Democrat close to the Harris campaign said: “Brat summer had to end.
Persons: Barron Trump, Alex Bruesewitz, Trump, , Andrew Schulz, Theo Von, Mark Calaway, Joe Rogan, detoured, Harris, , Rogan, Harris ’, I’d, Ro Khanna, Biden, , Jesse Ferguson, Jen O’Malley Dillon, Obama, David Plouffe, Stephanie Cutter, Mark Cuban, Liz Cheney, Joe Biden’s, ‘ He’s, Ezra Levin, Trump’s, Robert Hur, indignantly, “ Nobody, ” Harris, Shuran Huang, Sen, JD Vance, Ohio, ’ ”, Joe Biden, “ Joe Biden, ” Biden, , Robert F, Kennedy Jr, jolt Trump, Tulsi Gabbard, Elon Musk, Kennedy, Biden’s, Word Organizations: Harris, Democratic, Trump Republicans, Trump, “ Staff, Democrat, Biden, DNC, White, Howard University, NBC News Biden, White House, RFK, McDonalds Locations: Michigan, Texas, , Pennsylvania,
There should be no enduring mystery about what a Trump presidency means for Ukraine. Trump has said he would end the war “in 24 hours,” but not how. Trump may appoint a cabinet that mildly adjusts the pace or tone of his instincts, but in the end he wants out. It is an anathema to two of Trump’s first term dislikes: costly US military engagement abroad, and upsetting Russian President Vladimir Putin. Read more about what could happen in Ukraine under a Trump presidency.
Persons: Kostiantyn, upsides, Donald Trump, Trump, , Vladimir Putin, Read Organizations: NATO, Pentagon Locations: Ukrainian, Ukraine, United States, Europe
Several people, including children and college students, have reported receiving racist text messages from unrecognized phone numbers in recent days. CNN has reached out to state officials for additional information on the text messages. “My initial reaction was probably like disbelief, like I thought it was like a joke,” said Jones, who forwarded the text message to her loved ones. “I feel like it’s a spam message (and) I do feel disappointed about the message they’re sending a day after the election,” Burwell said. Officials in Washington, DC, and Virginia told CNN Thursday they are looking into the racist text messages.
Persons: Talaya Jones, , , Jones, ” Jones, Sam Burwell, ” Burwell Organizations: CNN, FBI, Justice Department, , Montgomery County Public Schools, WVEC, Federal Communications Commission Locations: Maryland , New Jersey , Alabama, Michigan, South Carolina, Montgomery County , Maryland, Montgomery, Piscataway , New Jersey, Virginia, Washington ,
Maansi Srivastava for NBC NewsMaansi Srivastava for NBC NewsTrump embraced that narrative in his victory speech in Florida early Wednesday. About 80% of white evangelicals backed Trump in Tuesday’s election, the NBC News Exit Poll shows. During his first term in office, Trump and his staff welcomed Christian leaders, including Sheets, to the White House. Julia Demaree Nikhinson / APJohnson and others who shared that worldview were on hand for Trump’s victory speech at a convention center in West Palm Beach, Florida. Around 3 a.m., he recorded as those gathered to celebrate Trump’s victory began to sing a classic Christian hymn.
Persons: Donald Trump’s, Lance Wallnau, Donald Trump, Carlos Bernate, , Wallnau, ” Trump, “ You’re, Trump, God, Maansi Srivastava, NBC News Maansi Srivastava, Silvia Barnaby, Britney Barnaby, Matthew Taylor, Taylor, Christian Trump, ” Taylor, Dutch Sheets, NBC News Sheets, ” Sheets, Mike Johnson, Julia Demaree Nikhinson, Johnson, Sean Feucht, Feucht Organizations: America, NBC, Trump, NBC News, NBC News Trump, White, Institute, Islamic, Jewish Studies, Christian Trump loyalists, U.S . Capitol, Dutch, Christian, Wade, Republican, Facebook Locations: America, Washington, Florida, Tuesday’s, Maryland, Virginia Beach, Va, Roe, Louisiana, West Palm Beach, Fla, West Palm Beach , Florida, Christian
ET Wednesday showed large gender gaps for the candidates: Among men, who made up 47% of the electorate, Harris won 42% of the vote and Trump won 55%. Among women, who made up 53% of the electorate, 53% voted for Harris and 45% for Trump. Broken down by race and education, the gender gap showed even wider splits in some cases: An overwhelming 91% of Black women voted for Harris vs. 7% who voted for Trump, and 57% of college-educated white women voted for Harris vs. 41% who voted for Trump. But among white female non-college graduates, only 35% voted for Harris vs. 63% who voted for Trump. But just 14% of voters said abortion mattered the most to their votes when they were asked to choose out of five issues.
Persons: Harris, Trump, , Jeff Horwitt, Bill McInturff, , Walsh, Hillary Clinton, Biden Organizations: NBC, Trump, Democratic, Hart Research, Republican Locations: Trump
How to navigate your divided office after the election
  + stars: | 2024-11-07 | by ( Jeanne Sahadi | ) edition.cnn.com   time to read: +6 min
Everything with this election has been amplified, said Christy Pruitt-Haynes, a distinguished faculty member at the NeuroLeadership Institute. Giving employees some roomPruitt-Haynes expects many employers will be lenient if employees need to take some time to digest the outcome. Keeping exchanges civilLove or hate the election result, having a strong response to it limits “our ability to think logically and strategically. Which can make for some very ill-advised remarks at the office or on group chats if the election comes up. That’s why managers and other leaders at work need to make a concerted effort to remind people, when the time is right, about why they are there.
Persons: Donald Trump, Burson, Christy Pruitt, Haynes, , Pruitt, ” Michael McAfee, Johnny Taylor, , ” Taylor, Taylor, what’s, ’ ” Pruitt, ” Pruitt, , Ashley Herd, ’ ” Herd Organizations: CNN, NeuroLeadership Institute, , , SHRM
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. One stock we did buy a day ago was BlackRock , and Jim said Thursday the asset manager is still an attractive stock to buy. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Donald Trump's, Kamala Harris, Trump, White, Jim, It's, Stanley Black, Decker, Stocks, Ralph Lauren, Lyft, Jim Cramer's Organizations: CNBC, Nasdaq, Dow Jones, Federal Reserve, European Central Bank, Corona, Constellation Brands, BlackRock, Meta, Arm Holdings, Qualcomm, Warner Bros . Locations: U.S, Europe, BlackRock
The year-end stock rally has begun, Goldman Sachs says
  + stars: | 2024-11-07 | by ( Fred Imbert | ) www.cnbc.com   time to read: +2 min
Wednesday's massive rally may be just the start of a huge year-end rally. Goldman Sachs tactical specialist Scott Rubner thinks those gains won't stop anytime soon. "The year-end rally starts today and may be higher than investors were expecting," he said Wednesday. Goldman data shows buybacks are already up 15% in 2024 from the last year, at more than $1.05 trillion. "We know we are fighting the tape here, but believe it makes sense to sell the stock."
Persons: Donald Trump's, Kamala Harris, ChatGPT, Goldman Sachs, Scott Rubner, Rubner, Goldman, Baird Organizations: Dow Jones, Nasdaq, Goldman, JPMorgan Chase
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRepublican sweep is good for markets, says Fenway Summer Ventures' Javier SaadeJavier Saade, a venture partner at Fenway Summer Ventures, discusses the impact of the U.S. presidential election on markets.
Persons: Javier Saade Javier Saade Organizations: Fenway, Ventures, Fenway Summer Ventures, U.S
Donald Trump owns 16 golf courses across three continents, mostly with vibrant social-media presences. AdvertisementAt President-elect Donald Trump's golf courses, his election posed a dilemma: Embrace the connection, or stay quiet? International courses in Dubai and Indonesia also kept quiet, as did the US courses in Los Angeles County and Hudson Valley, New York. But his victory does put a spotlight back on Trump's business empire, where companies could use the connections as a selling point or try to function like a business without a famous owner. Reuters estimated earlier this year that Trump's golf and resort business is the biggest driver of the Trump Organization's cash flow.
Persons: Donald Trump, , Donald Trump's, Trump, Doonbeg Organizations: Trump, Service, Ireland, Trump International, Reuters Locations: Bedminster , New Jersey, Doral , Florida, Scotland, Turnberry, Dubai, Indonesia, Los Angeles County, Hudson Valley , New York
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