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☆ A resilient economy and strong earnings are overpowering normal election worries
▼ + stars: | 2024-11-04 | by ( Bob Pisani | ) www.cnbc.com time to read: +8 min

.SPX YTD mountain S & P 500, YTD It's because the economy and earnings remain resilient. That is the main reason the S & P 500 is less than 2% from its historic high. Third quarter earnings for the S & P 500 are up 8.4%, well above the 6.0% estimated at the start of October. It's fourth quarter earnings that matter Remember, the most important thing to watch is the trend and whether it is accelerating or decelerating. The S & P 500 is up 50% in those two years.

Persons: There's, Tom Lee, Phil Mackintosh, Mackintosh, John Butters, Scott Chronert, Alec Young, MapSignals.com, Young, We're Organizations: Tech, Nasdaq, Democrat, Republican, Citigroup Locations: backwardation

☆ Ukraine is facing serious problems in the east, where Russia's forces are grinding forward
▼ + stars: | 2024-11-04 | by ( Chris Panella | ) www.businessinsider.com time to read: +8 min

Ukraine is facing a grim outlook along sectors of the front, especially in the east. AdvertisementRussia's grinding offensive operations have been gaining momentum in eastern Ukraine as challenges for the defenders mount. Ukraine's shocking invasion of Russia's Kursk region briefly took the focus off the fighting in the Donbas, but now Ukraine is losing ground both inside Russia and at home. Ukraine faces severe manpower shortages as its forces are stretched line across the front lines. Despite heavy losses, Russia has continued its momentum on Ukraine's eastern front.

Persons: Kyiv's, it's, —, Ukrainian Armed Forces Oleksandr Syrskyi, YASUYOSHI CHIBA, Patrick Ryder, Michael Kofman, Jack Watling, Watling, Serhii Mykhalchuk, what's, Kofman, Trump, Mario Tama, Donald Trump, Kamala Harris, Harris, she'd, Ukraine's Organizations: Service, Ukrainian Armed Forces, Getty, Pentagon, Ukraine Russia's, Carnegie Endowment, International Peace, Royal United Services Institute, Foreign Affairs, Russian Defense Ministry Press Service, AP, Ukrainian National Security and Defense Council, Ukrainian Air Force, New York Times, Kyiv, Republicans Locations: Ukraine, Russia, Russia's Kursk, Donetsk, AFP, Kursk, Washington, Kyiv

☆ CNBC Daily Open: One day more to elections
▼ + stars: | 2024-11-04 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Markets shrug off weak jobs reportStocks rallied Friday to kick off November, led by Amazon and as traders shrugged off a disappointing jobs report. Harris gains ground in IowaIowa is not a state that many pollsters predicted will break for Democratic presidential candidate Kamala Harris. That, instead of the sitting president, could hold the key to how stocks perform going forward.

Persons: Blythe Andrews , Jr, Dow Jones, Stocks, shrugged, Warren Buffett, Harris, Kamala Harris, Donald Trump Organizations: Public, CNBC, U.S . Bureau of Labor Statistics, Boeing, Amazon, Dow Jones Industrial, Nasdaq, Berkshire, Bank of America, Democratic, Des Moines Register, Iowa Locations: Tampa , Florida, U.S, Berkshire, Omaha, Apple, Iowa Iowa, Iowa

☆ CNBC Daily Open: Eve of Election Day
▼ + stars: | 2024-11-04 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

Voters cast their votes during early voting in the U.S. presidential election at a polling station in Detroit, Michigan, U.S. November 3, 2024. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Asia markets climb ahead of China's parliament meetingU.S. stocks rallied Friday to kick off November, as traders shrugged off a disappointing jobs report. Asia-Pacific markets rose Monday as investors watch the U.S. election, the Federal Reserve's monetary policy meeting and China's monetary policy meeting starting Monday.

Persons: Dow Jones, shrugged, Harris, Ting Lu, Kamala Harris, Donald Trump Organizations: U.S, CNBC, U.S . Bureau of Labor Statistics, Boeing, Dow Jones Industrial, Nasdaq, Federal, National People's, Trump, Nomura, Democratic, Des Moines Register, Iowa Locations: Detroit , Michigan, U.S, Asia, Pacific, China, Beijing, Iowa Iowa, Iowa

☆ Elon Musk cancels X town hall event minutes after it started following yet another round of technical problems
▼ + stars: | 2024-11-04 | by ( Clare Duffy | ) edition.cnn.com time to read: +2 min

But the event on X ended just a few minutes after it started, when Musk encountered technical difficulties. The X Spaces event Musk started immediately following the town hall, lasted one minute and appeared to have no audio. He also said he would not restart his Q&A and encouraged followers to listen to his Rogan interview instead. The Monday night town hall marks just the latest election-related event that Musk attempted to host on X that was plagued by technical difficulties. An August interview between Musk and Trump that was streamed on X was delayed by more than 40 minutes because of glitches.

Persons: CNN — Elon Musk, Donald Trump, Musk, Joe Rogan, “, Trump, we’re, ”, ” Musk, Rogan, Ron DeSantis ’ Organizations: CNN, Trump, Florida Gov

☆ Next U.S. president shouldn't surrender America's energy dominance, TotalEnergies CEO warns
▼ + stars: | 2024-11-04 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

Whoever wins the 2024 U.S. election should work to preserve America's energy dominance rather than risk losing it, TotalEnergies CEO Patrick Pouyanne told CNBC on Monday. The U.S. is the world's largest oil producer, accounting for 22% of the global total, according to the Energy Information Administration, with Saudi Arabia next, producing 11%. The vast majority of U.S. crude is consumed within the country, which is also the world's largest oil consumer. Roughly 64% of total U.S. crude oil production is shale and the French international energy firm CEO said the U.S. will also soon be No. Looking ahead to the election, former President Donald Trump and the Republican party have long been proponents of U.S. shale production, pushing for deregulation of the industry and an expansion of drilling projects — drawing the ire of climate activists and many on the left.

Persons: Patrick Pouyanne, Pouyanne, CNBC's Dan Murphy, Donald Trump Organizations: CNBC, Energy Information Administration, French, U.S, Republican Locations: U.S, Saudi Arabia, Abu Dhabi

☆ Election betting odds tighten as polls show Harris has momentum
▼ + stars: | 2024-11-03 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +2 min

A new poll showed Kamala Harris had a surprise 3-point lead over Trump in Iowa. A Des Moines Register/Mediacom poll by Selzer & Co. published on Saturday showed Harris with a three-point lead in the state. On Kalshi, the popular US-based prediction platform, Harris' odds of winning the election have soared from 35% on October 29 to 51% at the time of writing. The Iowa poll surveyed 808 likely voters between October 28 and October 31, with a 3.4-point margin of error. The results marked a sharp swing from September when the same poll showed Trump ahead by four points.

Persons: Kamala Harris, Kalshi, —, Donald Trump, Harris, Trump, Polymarket Organizations: Trump, Iowa, Service, Des Moines Register, Selzer Locations: Iowa

☆ I'm a seasoned angel investor. Here's what I'm looking for from entrepreneurs — and what makes me turn them down.
▼ + stars: | 2024-11-03 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +7 min

William Reeve is an entrepreneur who's been angel investing for the past 25 years. AdvertisementThis as-told-to essay is based on a transcribed conversation with William Reeve, 52, an angel investor based in North London. I've been a fairly active angel investor for 25 years now. I'd say the sort of people who do angel investing because their accountant suggests doing it for tax breaks aren't going to do very well. AdvertisementDo you want to share your angel investing story?

Persons: William Reeve, who's, —, Reed, I've, Gabrielle Wesley, I'd, It's, Alfred Hitchcock, haven't Organizations: Service, Amazon, Fletcher Research, Mars, McKinsey Locations: North London, Dunelm, Mars Wrigley, America

☆ The 3 things that will influence the stock market in the most consequential week of the year
▼ + stars: | 2024-11-03 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

The major stock benchmarks rallied Friday but were lower last week, with the Nasdaq leading the way lower after reaching new highs. Eight other Club names reported earnings last week, including Eli Lilly and Eaton. Despite indications from Big Tech that Nvidia's AI chips will remain in hot demand, the Club stock fell 4.3% for the week. The S & P 500 , which is less tech-weighted, fell nearly 1.4% for the week, making it back-to-back weekly losses for the broader market index. Earnings After analyzing earnings reports from 14 of our portfolio companies last week, there is only one Club name on the docket this week.

Persons: Eli Lilly, Eaton, Jim Cramer, financials Goldman Sachs, Kamala Harris, Donald Trump, Harris, Trump, That's, Jerome Powell, We're, we'll, Archer, Johnson, Jim Cramer's, Jim, Brendan McDermid Organizations: Nasdaq, Devices, Apple, Microsoft, Big Tech, Club, Nvidia, Dow, Intel, AMD, Dow Jones, Visa, American Express, JPMorgan, Bond, Federal Reserve, Boeing, Treasury, White, DuPont, Election, Protection, Electronics, Industrial, Constellation Energy, Marriott, Century Fox, Wynn Resorts, WYNN, Goodyear Tire, Cirrus, Diamondback Energy, Daniels, Midland, Apollo Global Management, Ferrari, Restaurant Brands, Emerson Electric, Devon Energy, Novo Nordisk, CVS Health, Howmet Aerospace, Teva Pharmaceutical Industries, Cedar Fair Entertainment, Toyota, American Electric Power Company, Johnson Controls, Dine Brands, Holdings, AMC Entertainment, Qualcomm, Coty, COTY, Energy, Barrick, Halliburton, HAL, Hershey, Air Products & Chemicals, Warner Bros ., Arista Networks, Rivian Automotive, Trade, Icahn Enterprises, Sony, SONY, Paramount, Jim Cramer's Charitable, CNBC, New York Stock Exchange Locations: BlackRock, Florida, China, Sluggishness, Cleveland, New York City, U.S

☆ Bill Clinton has hopes and fears on what comes after 2024 – for the country, the party and himself
▼ + stars: | 2024-11-03 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +19 min

Clinton speaks at a campaign rally in Durham, North Carolina, on October 17, 2024. His wife was the one whose loss put Trump in the White House, in a way that burns him still. Then again, Clinton said, he was “gobsmacked” that companies that said they’d pay to help with the transition never did. Clinton speaks during morning service at a church in Albany, Georgia, on October 13, 2024. Tim Walz appears with Clinton at the campaign rally in Durham, North Carolina, on October 17, 2024.

Persons: Bill Clinton, Kamala Harris, Joe Biden, Clinton, Harris, he’d, Donald Trump, John Deere, Biden, – Clinton, ” Clinton, Steve Helber, he’s, Trump, Tim Walz, JD Vance, Barack Obama – Clinton, “, Dwight Eisenhower, Eisenhower, ‘, Walz, Obama, CNN Clinton, megadonors, Norman Rockwell, Chokwe Pitchford, Clinton’s, Julia Beverly, –, America hadn’t, hadn’t, ”, “ We’re, he’s heartened, Logan Cyrus, you’re, “ It’s, George W, Bush, I’ve, nativism, Colin Allred, Republican Sen, Ted Cruz, ” Bush, Allred, ” Clnton, Ehud Barak, Yasser Arafat, Camp, Ralph Alswang, couldn’t, Yasser Arafat didn’t, audibly, I’m, isn’t, it’ll, Long, He’s, Jimmy Carter, it’s Harris, ’ ”, Hillary, We’re, you’ve, ’ Organizations: West Coast CNN, Democratic, Republican, CNN, America, Trump, Clinton . Technology, World Trade Organization, Getty, Trade, Republicans, Democrat, Senate, White House, Israeli, Camp David, Minnesota Gov, Convention Locations: Michigan, Arkansas, Europe, America, Durham , North Carolina, Muskegon Heights , Michigan, tailspins, South Haven , Michigan, Berrien County, Benton Harbor, Arizona, Georgia, Missouri, Kentucky, Louisiana, Virginia, China, Fort Valley , Georgia, Mexico, Albany , Georgia, AFP, Texas, Cruz, Maryland, Chicago, Battle Creek

☆ NFL Week 9 takeaways: Who is the Chiefs’ biggest challenger in AFC? Are the Cowboys done for?
▼ + stars: | 2024-11-03 | by ( Mike Jones | Ted Nguyen | ) www.nytimes.com time to read: +8 min

The Athletic NFL writers Mike Jones, Ted Nguyen and Michael Silver share their thoughts on all of these storylines and more. After Week 9 wins by the Ravens, Bills, Bengals and Chargers, who is the second-best team in the AFC? If you don’t have an elite quarterback, don’t even bother trying to insert yourself into the “Who Will Win the AFC?” conversation. Denver has an elite defense but the Ravens offense presents unique challenges that they won’t see every week. That score doesn’t indicate how good this Broncos team actually is.

Persons: Tyler Bass’s, Mike Jones, Ted Nguyen, Michael Silver, Jones, they’re, I’m, Lamar Jackson, Derrick Henry, Josh Allen, Henry —, Henry, …, Tyler Bass, don’t, Will Win, “, ”, Dak Prescott, Jerry Jones ’, Ezekiel Elliott, Prescott, CeeDee Lamb, Micah Parsons, Parsons, they’ve, Dak, Mike McCarthy, Nguyen, Bo Nix, Russell Wilson, Vance Joseph’s, Sunday’s beatdown, —, Sean Payton, Nix, Greg Fiume Organizations: Kansas City Chiefs, Ravens, Bengals, Chargers, Bills, Miami, Dallas Cowboys, The Athletic NFL, AFC, Raiders, NFL, Dolphins, Cowboys, 49ers, Dallas, Falcons, Eagles, Giants, Atlanta, NFC, Denver Broncos, Broncos, Baltimore, Browns, AFC East, AFC South, Colts, Chiefs, Super, Getty Locations: Atlanta, Baltimore, Kansas City, Western New York, Cancun, Washington, CeeDee, Philadelphia, Denver

That’s when Election Day turns into election night, and each state starts reporting its vote totals. Virginia is an example of a state that usually has a geography-driven red mirage early on election night. Another factor that can cause vote mirages is partisan differences by vote mode — mail ballots, early in-person votes, Election Day in-person votes, and so on. This will produce a vote mirage if there are partisan differences between the earliest-returned mail ballots and the later-returned ones. As Election Day votes were reported in the next few hours of election night, the size of the blue mirage shrunk to about 3.5 points.

Persons: That’s, ”, Joe Biden, Donald Trump, Biden, Donald Trump’s, Kyrsten Sinema, Trump, Ann Arbor, Clark, Clark’s Organizations: North Carolina —, Republican, Washington , D.C, Democratic, Democrat, NBC, Trump, Biden, Senate Locations: Florida, Georgia, North Carolina, Arizona , Nevada, California, Virginia, Fairfax, Washington ,, Fairfax County, Arizona, Maricopa County, Atlanta, Pennsylvania, Democratic Philadelphia, Allegheny, Philadelphia, Michigan, Detroit, Grand Rapids, Ann, Wisconsin, Milwaukee, Nevada, Las Vegas

☆ Here’s how election night will unfold hour by hour
▼ + stars: | 2024-11-02 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +4 min

Here’s a look at when polls close and how many electoral votes are at stake each hour:7 p.m. 28 electoral votes lean toward Trump: Indiana, Kentucky and South Carolina16 electoral votes lean toward Harris: Virginia and Vermont16 toss-up votes: Georgia7:30 p.m. 10 electoral votes lean toward Trump, including Utah and Montana6 toss-up votes: NevadaTotal votes with polls closed by 10 p.m. 4 electoral votes lean toward Trump: Idaho74 electoral votes lean toward Harris, including California, Oregon and WashingtonTotal votes with polls closed by 11 p.m. 3 electoral votes lean toward Trump in Alaska4 electoral votes lean toward Harris votes in HawaiiTotal votes with polls closed by 1 a.m.

Persons: Donald Trump, Kamala Harris, It’s, Harris, Trump Organizations: CNN, Republican, Democratic, Trump :, Trump, West Virginia, North Carolina Total, Congressional, Pennsylvania, Congressional District, Michigan, Nevada, Washington Total, Hawaii Locations: America, East, West, Florida, Ohio, California, New York, Georgia, Indiana, Kentucky, Trump : Indiana , Kentucky, South Carolina, Harris : Virginia, Vermont, North Carolina, Trump : Ohio, Pennsylvania, Michigan, Texas, Trump : Oklahoma , Missouri , Tennessee , Mississippi , Alabama, Harris : Illinois, Maine , New Hampshire , Massachusetts, Rhode Island , Connecticut , New Jersey , Delaware , Maryland, Washington, Arkansas, Arizona , Michigan, Wisconsin, Wyoming, North Dakota, South Dakota , Nebraska , Iowa , Kansas , Texas, Louisiana, New Mexico , Colorado , Minnesota , New York, Arizona , Wisconsin, Nevada, Utah, Montana, Trump : Idaho, California , Oregon, Hawaii, Alaska, Trump

☆ Twitter and TikTok Users' Election Projections Are Completely Warped.
▼ + stars: | 2024-11-02 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +7 min

And earlier this year, the company made further moves to de-emphasize political content on Instagram, Facebook, and Threads. Meanwhile, half of the 18- to 29-year-olds surveyed by the Pew Research Center saying they watch political content on TikTok. No one on social media has the answer to what will happen in Tuesday's election. Anxiously reposting or liking election content may feel like the only thing we can do as the clock ticks down. For now, the best way to alleviate that anxiety might be to get off social media until Tuesday passes.

Persons: Kamala Harris, Donald Trump's, Trump, MAGA, Trump's, Harris, Joe Biden, Trump megadonor Elon Musk, It's, Musk, Ioana Literat, Megan Smith, ProPublica, Tracy Clayton, Sol Messing, Messing, Instagram, Michelle Obama, we've, it's, that's Organizations: Trump, Trump megadonor, Republican, Pew Research Center, Columbia University's Teachers College, Social Media, Facebook, Meta, Pew Research, New York University's Center for Social Media, Politics, Twitter, Musk's America PAC Locations: Florida, Texas, California, Philadelphia, . New Hampshire, Virginia, Pennsylvania, United States, Washington, New, Ohio

One other potential scenario looms this fall: the "contingent election" of the president and the vice president that would happen if no one can secure the 270 electoral votes needed to win the presidential election. That has not happened in the modern era, but there are a few conceivable (if unlikely) paths across the Electoral College map that could lead to former President Donald Trump and Vice President Kamala Harris ending the race tied at 269 electoral votes. In the event of a tie, Congress would decide the next president. “Each state, regardless of population, casts a single vote for President in a contingent election,” according to the Congressional Research Service. Although Washington, D.C., has three electoral votes in the presidential election, it would not have a vote in the House in a contingent election because it is not a state.

Persons: Donald Trump, Kamala Harris, ’, Harris Organizations: Electoral, Omaha -, Republicans, Congressional Research Service, Electoral College voters, D.C Locations: Omaha, Congress, Minnesota, North Carolina, Washington

Ms. Harris starts out with 226 likely electoral votes compared with 219 for Mr. Trump, with 93 votes up for grabs. Scenario 6 Or by winning Pennsylvania, Michigan and either Georgia … Or by winning Pennsylvania, Michigan and either Georgia … Scenario 7 … or North Carolina. Ms. Harris and Mr. Trump have been campaigning hard and often there, and Democrats hope that the favorable governor’s race could help them. Scenario 5 … like Arizona, Michigan and Wisconsin … … like Arizona, Michigan and Wisconsin … Scenario 6 … or Arizona, Nevada and Pennsylvania. The Harris campaign is taking a similar approach, focusing on white college-educated women, who currently favor Ms. Harris by 29 points.

Persons: Brandon Bell, Harris, immovably, Donald Trump, Kamala Harris, Biden, Trump, Trump’s, Harris –, Trump’s resiliency, Harris’s, William Frey, Michael Dukakis, Josh Shapiro, JD Vance, Mr, Bill McInturff, there’s, –, Joe Rogan’s, Doug Sosnik, Bill Clinton Organizations: Trump, Electoral, Democrats, Republicans, Democratic, Mr, Sun, Electoral College, NBC, Black, Brookings Institution, Michigan, …, Republican, Biden Locations: Virginia, Minnesota, Georgia, Arizona , Nevada, North Carolina, Pennsylvania, Michigan, Wisconsin, Arizona , Georgia, Nevada , North Carolina , Pennsylvania, Wis, Mich, Pa, Nev, N.C, Ariz . Ga, Ariz ., Arizona, Nevada, Wisconsin . Pennsylvania, …, … Georgia, Arizona , Michigan, Pennsylvania , Michigan

☆ What the polls have told us about the 2024 election
▼ + stars: | 2024-11-01 | by ( Ariel Edwards-Levy | ) edition.cnn.com time to read: +6 min

CNN —Election polls can’t foretell who will win the presidential election. But throughout the year, polling data has helped to capture the contours of the 2024 race, with several findings that fall well outside the margin of error. While the results of issue polls can sometimes vary based on framing, some results have been remarkably robust. Here are more findings from the polls about this year’s election:Which issues matter to which voters? How Trump and Harris supporters differ in their visions for AmericaPartisan divides on the issues run further than priorities.

Persons: can’t foretell, Donald Trump, Kamala Harris, they’ll, ” Patrick Murray, Joe Biden’s, Biden, Harris, Roe, Wade, Trump, ” Harris, ” Trump, ”, they’re Organizations: CNN, Monmouth University, Trump, Gallup, Republican, Democrats, Democratic, Partisan, Pew Research Center Locations: –, America, Trump

☆ Trump and Harris vie for the Latino vote on eve of election
▼ + stars: | 2024-11-01 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +2 min

Former President Donald Trump and Vice President Kamala Harris campaigned around southwestern states this week as they sought to shore up the Latino vote with only five days until Election Day. Latino voters account for %14.7 of all eligible voters in the upcoming election, according to Pew Research Center. New Mexico, where Trump campaigned on Thursday, has the highest share of Latino voters with around 45% the population. The states with the next largest share of Latino voters include California, Texas, Arizona and Nevada. Although Democrats tend to have a historical advantage among Latino voters, that advantage has declined over the past four presidential cycles, according to a national NBC News/Telemundo/CNBC poll from September, especially as Trump makes strides with Latino men.

Persons: Donald Trump, Kamala Harris, Trump, Harris, Joe Biden, Hillary Clinton, Tony Hinchcliffe, Hinchcliffe Organizations: Pew Research Center, NBC News, Telemundo, CNBC, Trump Locations: New Mexico, California , Texas, Arizona, Nevada, While California, Texas, Albuquerque , New Mexico, America, Trump's, Puerto Rico

☆ Stevie Nicks regrets not voting until she was 70 years old
▼ + stars: | 2024-11-01 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —While it’s not yet clear if either US presidential candidate will win in a “Landslide,” singer Stevie Nicks is encouraging people to vote. “I never voted until I was 70, but I regret that. I’ve told everybody that onstage for the last two years,” Nicks said. “In the end of the ’50s and ’60s and into the ’70s, everyone was writing protest songs. “I would say to all my musical poets that write songs to write some songs about what’s happening like I did.”

Persons: it’s, Stevie Nicks, Fleetwood Mac, “, I’ve, ” Nicks, ”, Nicks, Roe, Wade, Bob Dylan, Joan Baez, Joni Mitchell, Stephen Stills Organizations: CNN, MSNBC, “

☆ Dollar steady as investors eye U.S. jobs report, election
▼ + stars: | 2024-11-01 | by ( ) www.cnbc.com time to read: +3 min

The dollar steadied against major peers on Friday, as investors awaited the U.S. jobs report to confirm economic resiliency heading into the Federal Reserve's monetary policy meeting and a close-call U.S. presidential election next week. The dollar steadied against major peers on Friday, as investors awaited the U.S. jobs report to confirm economic resiliency heading into the Federal Reserve's monetary policy meeting and a close-call U.S. presidential election next week. The U.S. dollar started November off at a lower level after coming under pressure against the yen and euro on Thursday. (Kazuo) Ueda's press conference," Morgan Stanley MUFG economists Takeshi Yamaguchi and Masayuki Inui wrote in a report on Thursday. The Fed's monetary policy decision next week comes just days after the U.S. presidential election on Tuesday.

Persons: Nonfarm, Tapas Strickland, Kazuo, Ueda's, Morgan Stanley, Takeshi Yamaguchi, Masayuki Inui, Sterling, Rachel Reeves, Donald Trump, Kamala Harris, Trump's Organizations: Federal, Bank of Japan, U.S ., Reuters, National Australia Bank, Gov, U.S, Republican, Democratic, Trump, Treasury, Federal Reserve Locations: U.S

☆ DJT shares implode right before the election, losing Trump $2.4 billion in net worth
▼ + stars: | 2024-11-01 | by ( Matt Egan | David Goldman | ) edition.cnn.com time to read: +3 min

CNN —Former President Donald Trump’s social media stock is plunging just ahead of the election, cutting deeply into his net worth. Truth Social owner Trump Media & Technology Group’s share price plunged another 9% on Friday after tumbling 12% Thursday and 22% Wednesday — Trump Media’s worst one-day loss since going public in March. Trump Media’s shares, which trade under the ticker “DJT,” have become a proxy for how traders think the presidential election will turn out. Trump Media did not release any major news that would explain the nosedive. The enormous gains boosted Trump Media’s value to $10.3 billion as of Tuesday’s close.

Persons: Donald Trump’s, —, Trump, Kamala Harris, ”, Steve Sosnick, ” Sosnick, George Kailas, he’s, ” Kailas, … Organizations: CNN, Truth Social, Trump Media & Technology, Trump, Trump Media’s, Interactive Brokers, Trump Media, ” Trump, Elon Musk, Similarweb, CBS, Paramount Global

☆ Progressives gear up for their first big fight if Harris wins: Protecting Lina Khan
▼ + stars: | 2024-10-31 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com time to read: +9 min

With Republicans favored to win the Senate, Harris may have few opportunities to pursue an ambitious legislative agenda, shifting the Democratic ideological fight to key personnel decisions. “It’d be a strategic blunder for Harris to pick an ugly fight over Lina Khan’s future when there’s already strong consensus among Democrats. Moderate senators like Bob Casey and Jackie Rosen are actively campaigning on the FTC’s work to lower prices,” said a Senate Democratic aide, who was granted anonymity to discuss a sensitive subject. Removing her would not only infuriate the left but it could provoke a confirmation fight with Senate Republicans over her replacement. Some in the progressive movement believe Harris should simply leave her there without going through confirmation again in the Senate if need be.

Persons: WASHINGTON, Kamala Harris tacks, Lina Khan, Harris, ”, Dan Geldon, Sen, Elizabeth Warren, “, ” Geldon, Mark Cuban, Gary Gensler, Barry Diller, Reid Hoffman, Hoffman, ” “, Adam Green, Kamala Harris, Joe Biden, Ron Klain, Khan, Danielle Deiseroth, MAGA, Lina Khan’s, there’s, Bob Casey, Jackie Rosen, Alexandria Ocasio, Bernie Sanders, “ Khan, Jeff Hauser, he’s, Ohio Democratic Sen, Sherrod Brown, Geldon, General Merrick Garland, Donald Trump, Michael Dorf, Neil Buchanan, Ezra Levin, Biden, we’d, ” Levin Organizations: Federal Trade, Biden, Republicans, NBC, Securities, Exchange, Billionaire Democratic, Democratic Party, Democratic, Facebook, Progress, Trump, Will, Progressives, SEC, Crypto, Ohio Democratic, Banking Committee, Cuban, Monday, Trump Republicans, Republican Locations: Alexandria, Cortez, Ohio, Harris ’, Washington

☆ Yen under pressure as BOJ keeps rates steady
▼ + stars: | 2024-10-31 | by ( ) www.cnbc.com time to read: +4 min

Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. The yen remained under pressure on Thursday as the Bank of Japan kept ultra-low interest rates steady, while the U.S. dollar consolidated ahead of jobs data later this week and the U.S. presidential election next week. The BOJ kept interest rates steady on Thursday and roughly maintained its forecast that inflation will hover near its 2% inflation target in coming years, signaling its readiness to continue rolling back its massive monetary stimulus. Analysts are divided over the prospect of additional interest rate hikes by year-end, putting the focus on BOJ Governor Kazuo Ueda's post-meeting briefing for clues on the pace and timing of further increases. "Any strengthening of the yen at present would likely result from a general weakening of the U.S. dollar if interest rates begin to align," said Sean Teo, a sales trader at Saxo.

Persons: Yen, Kazuo Ueda's, Sean Teo, payrolls, Donald Trump, Kamala Harris, Sterling Organizations: Bank of Japan, U.S ., U.S, Treasury, Saxo, National Statistics, PMI, Westpac, European Central Bank, Australian, Analysts, New Zealand Locations: China, U.S

In 2020, election week replaced election night: Joe Biden wasn’t declared the winner until Saturday. The truth is the Decision Desk cannot know until election night which scenario will unfold, regardless of how carefully we have analyzed the polls, early vote, and other election-related data. One thing is clear: The days of projecting a winner on election night itself are almost certainly over. North Carolina has a similar pattern in how it reports out the vote, with 99% of the vote counted by midnight in past elections. And unlike some other close states, it wasn’t just because the margin was so thin.

Persons: It's, Joe Biden wasn’t, Joe Biden’s, let’s, John Fetterman, —, Stephen Pettigrew Organizations: NBC, Electoral College, Wednesday, Philadelphia, Senate, Congressional, NBC News Locations: Pennsylvania, Georgia, Arizona, Michigan, Wisconsin, Allegheny, Pittsburgh, North Carolina, Nebraska’s, Nebraska, Nevada

☆ Polymarket's pro-Trump election predictions aren't so surprising when you look at the rest of the site
▼ + stars: | 2024-10-30 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +5 min

The betting site Polymarket has emerged as a hot topic in the 2024 presidential race. Wagers in its pop culture section show the bro-y vibe of the site: Zyn, Andrew Tate, and Hawk Tuah. Let's look at some of the wagers:Will Trump say "skibidi" before the election? Will Donald Trump say "mog" in 2024? AdvertisementFor the record, I think the odds that Trump will say "skibidi" before the election are way too low.

Persons: Trump, Andrew Tate, Hawk, —, Will Trump, Will Kamala Harris, Joe Rogan's, Will Donald Trump, Roaring Kitty, Logan Paul, Max Read, Joe Rogan, Gen Z'ers, MAGA, Theo Von, Adin Ross, Taylor Swift, Travis Kelce, Shayne Coplan, There's, Polymarket, haven't, I'm, who's, John Herrman, McDonald's Organizations: Service, Trump, New, New York Magazine, Harris, Dodgers, Yankees Locations: MrBeast

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