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☆ Volatility, higher rates, and surging bitcoin. Here's what analysts are saying about Trump's victory.
▼ + stars: | 2024-11-06 | by ( Will Martin | ) www.businessinsider.com time to read: +3 min

Analysts expect Trump's economic policies to increase inflation, and push interest rates higher. AdvertisementDonald Trump's victory is set to herald a new era of higher inflation, tighter monetary policy, and surging cryptocurrencies, analysts said in initial reactions to the presidential election result. The economic impact of Trump's second term is likely to be volatile, said Lindsay James, investment strategist at UK-based Quilter Investments. However, such cuts could be shortlived if Trump's trade policies, which include proposed near-universal tariffs, prove to be inflationary as expected. Bitcoin could hit $100,000One asset that analysts expect to surge in the wake of Trump's victory is bitcoin, which rallied sharply early on Wednesday morning.

Persons: Donald Trump, —, Donald Trump's, Lindsay James, Elon Musk, Thomas Matthews, Trump, Russ Mould, AJ Bell Organizations: Service, Investments, Federal Reserve, Capital Economics, Rabobank, White

☆ Trump nabs Florida as votes are still being counted in key East Coast swing states
▼ + stars: | 2024-11-06 | by ( Bryan Metzger | Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Trump has been declared the winner in ten states, including Florida, while Harris has won seven. AdvertisementPolls have now closed in the key swing states of Georgia, North Carolina, Michigan, and Pennsylvania. Each state gets a set number of votes that correlates with its population — if a state has two US senators and three House members, it has five electoral votes. The winner must get at least 270 electoral votes — a majority of the 538 total. She has generally polled better in these states than the Sun Belt states of Arizona, Nevada, Georgia, and North Carolina.

Persons: Trump, Harris, Mark Robinson, —, Donald Trump, Kamala Harris, it's, Josh Stein, Robinson, we'll Organizations: Dems, Service, Loudon, Democrats, Trump, Biden, gubernatorial, North Carolina, Fox News, NBC, Gov, CNN, College, Electoral, Sun Locations: Florida, North Carolina, Virginia, Alabama , Arkansas , Indiana, Florida , Kentucky , Mississippi , Oklahoma, South Carolina , Tennessee, West Virginia, Connecticut , Illinois, Maryland , Massachusetts , New Jersey, Rhode Island, Vermont, Arizona, Georgia, Michigan, Nevada , North Carolina , Pennsylvania, Wisconsin, Northern Virginia, Loudon, It's, Trump, North, North Carolina , Michigan, Pennsylvania, Nevada, Pennsylvania , Michigan, Arizona , Nevada , Georgia

☆ A split Congress will be the most 'benign' outcome for markets: Javelin Wealth
▼ + stars: | 2024-11-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA split Congress will be the most 'benign' outcome for markets: Javelin WealthStephen Davies, CEO of financial advisory firm Javelin Wealth Management, says that a split congress will be the most benign outcome for markets, adding a split government will temper some of the "wild spending promises" that have been made during the course of the election campaign

Persons: Stephen Davies Organizations: Wealth Management

☆ Trump's election victory sparks dismay — and defiance — among architects of the Paris climate accord
▼ + stars: | 2024-11-06 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Donald Trump's election victory on Wednesday sparked a palpable sense of dismay among the climate community, with two key architects of the landmark Paris Agreement warning that the result will stall global efforts to protect the environment. The 78-year-old, who has called the climate crisis "one of the great scams," has pledged to ramp-up fossil fuel production, pare back outgoing President Joe Biden's emissions-limiting regulations and pull the country out of the Paris climate accord — again. The 2015 Paris Agreement is a critically important framework designed to reduce planet-heating greenhouse gas emissions. Laurence Tubiana, a key architect of the Paris Agreement, said Trump's election victory "is a setback for global climate action, but the Paris Agreement has proven resilient and is stronger than any single country's policies." Tubiana, a French economist and diplomat who now serves as CEO of the European Climate Foundation, said the context today is "very different" to Trump's first election victory in 2016.

Persons: Donald Trump, Hurricane Helene, Donald Trump's, Kamala Harris, pare, Joe Biden's, Laurence Tubiana, Trump's Organizations: Democratic, White, NBC, European Climate Foundation Locations: Hurricane, Valdosta , Georgia, Paris, French

☆ Donald Trump defeats Kamala Harris to win 2024 presidential election
▼ + stars: | 2024-11-06 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

watch nowRepublican presidential nominee Donald Trump will defeat his Democratic rival, Kamala Harris, and return to the White House for another four years, NBC News projects. At 78, he is the oldest person ever to win a U.S. presidential election. Trump's win denies Harris, the vice president, what would have been her own historic milestone: becoming the first woman president of the United States. Democratic presidential candidate Vice President Kamala Harris speaks at a campaign event at the Erie Insurance Arena in Erie, Pennsylvania, on Oct. 14, 2024. It remains to be seen to what extent Trump's presidential agenda will resemble the sum of his many claims as a candidate.

Persons: Donald Trump, Kamala Harris, Joe Biden, Grover Cleveland —, Trump's, Harris, Dustin Franz, Sen, JD Vance, Ohio, Vance, Trump, Robert F, Kennedy Jr, Elon Musk, Evan Vucci, Thomas Matthew Crooks, Crooks, — Organizations: Democratic, White House, NBC, Trump, U.S, Erie Insurance, Afp, Getty, Capitol, Biden, Kyiv, Republican, Secret Service, Secret Locations: United States, Erie , Pennsylvania, Ukraine, Butler, Pa, Pennsylvania

☆ History says US stocks have a 95% chance of finishing the year strong — no matter who gets elected
▼ + stars: | 2024-11-06 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

The S&P 500 has an outstanding track record after major rallies in the first 10 months. Here's why history and other key catalysts are on the market's side, according to Truist. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMore than seven decades' worth of data suggest that US stocks will end 2024 on a high note. Drawdowns are inevitable, as Lerner noted that the S&P 500 typically pulls back by 5% or more three times per year.

Persons: Stocks, —, that's, Keith Lerner, Truist, Lerner Organizations: Service, Bank of America, Federal, Fed

☆ Fade the euphoria? Here's what could go wrong with the Trump trade
▼ + stars: | 2024-11-06 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Stocks exploded higher, bonds tanked and crypto boomed to historic peaks, indicating lofty hopes for when the president-elect takes office in January. However, there's still a lot of game left to be played, and the score could change a lot in future days. Essentially, strategists worry Trump's plan for punishing tariffs, higher spending and lower taxes will send bond yields higher, generally a recipe for trouble in stocks. "The question for me is how much can the Trump rally extend in the short term, but it strikes me that selling long positions into a rally makes a good deal of sense." "This suggests an asymmetric risk/reward framework with a much higher probability of downside than upside," said Lisa Hornby, head of U.S. fixed income at Schroders.

Persons: Donald Trump's, Stocks, there's, Mark Dowding, Lisa Hornby Organizations: Trump, RBC Global Asset Management, Federal Reserve Locations: U.S, Schroders

☆ China trade restrictions likely to persist no matter who wins the White House, says Hinrich Foundation
▼ + stars: | 2024-11-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina trade restrictions likely to persist no matter who wins the White House, says Hinrich FoundationDeborah Elms, head of trade policy at Hinrich Foundation, discusses her outlook on U.S. trade policy after the presidential election, noting that more restrictions against China are likely regardless of the election outcome.

Persons: Hinrich, Deborah Elms Organizations: China, Foundation Locations: China

☆ Donald Trump is projected to defeat Kamala Harris in the presidential election
▼ + stars: | 2024-11-06 | by ( Charlotte Morabito | Jeniece Pettitt | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDonald Trump is projected to defeat Kamala Harris in the presidential electionDonald Trump is projected to win the U.S. presidential election, according to NBC News.

Persons: Donald Trump, Kamala Harris Organizations: U.S, NBC News

☆ Couldn't be more optimistic for the crypto industry, says Galaxy CEO Michael Novogratz
▼ + stars: | 2024-11-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCouldn't be more optimistic for the crypto industry, says Galaxy CEO Michael NovogratzGalaxy founder and CEO Michael Novogratz joins 'Squawk Box' to discuss the state of crypto, impact of Donald Trump's election victory on the industry, and more.

Persons: Michael Novogratz, Donald Trump's Organizations: Galaxy, Michael Novogratz Galaxy

☆ Global ETFs slide as investors see Trump tariff policies hurting trade
▼ + stars: | 2024-11-06 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Several U.S.-listed funds tracking global stocks pulled back in Wednesday's session as investors considered Donald Trump's victory harmful to international equities. "While the investing landscape remains favorable in the U.S., international markets are very exposed to tariff policy, " said Yung-Yu Ma, chief investment officer at BMO Wealth Management. These moves reflect the divergence between U.S. and international markets as investors around the globe take in America's election results. Still, the U.S.-listed iShares MSCI China ETF (MCHI) shed more than 2% on Wednesday. Indeed, the iShares MSCI Emerging Markets ETF (EEM) slid more than 1% on Wednesday.

Persons: Donald Trump's, Trump's, Yung, Yu Ma, Javier Milei, Adam Turnquist, Turnquist, —, Sarah Min, Jesse Pound, Hakyung Kim Organizations: U.S, NBC, BMO Wealth Management, Dow Jones, Trump, Japan's Nikkei, American, ICE, greenback, LPL Financial Locations: Paris, France, Korea, Hong Kong, Taiwan, Chile, U.S, China, Europe, Asia, Pacific, Argentina

☆ Trump wins North Carolina, a critical victory in the politically competitive Southern battleground
▼ + stars: | 2024-11-06 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Donald Trump has won North Carolina, according to the AP and CNN. AdvertisementFormer President Donald Trump has won North Carolina, according to the Associated Press and CNN. Both candidates worked hard to reach voters throughout North Carolina, making frequent stops in the state to rev up support among their respective political bases. Western North Carolina, including Asheville, was hit especially hard by Hurricane Helene. Related storiesRelated VideoTrump won North Carolina in 2016 and 2020, but in both instances the margins of victory were under 4 points.

Persons: Donald Trump, Harris, Trump, —, Hurricane Helene, Josh Stein, Mark Robinson, Robinson, Stein, Martin Luther King Organizations: North, AP, CNN, Service, Associated Press, Trump, North Carolina, Democrat, Gov, Republican Locations: North Carolina, Raleigh, Charlotte, Asheville, Hurricane

☆ WTI crude oil futures fall as polls start closing in U.S. election
▼ + stars: | 2024-11-06 | by ( ) www.cnbc.com time to read: 1 min

Oil well pump jacks operated by Chevron Corporation in San Ardo, California, on April 27, 2021. U.S. West Texas Intermediate (WTI) crude future s fell on Wednesday as presidential election polls were closing in the United States. WTI dropped 23 cents, or 0.3%, to trade at $71.76 per barrel at 0053 GMT. Brent crude oil futures starts trading at 0100 GMT. Republican Donald Trump has won Indiana, Kentucky and West Virginia in Tuesday's presidential election while Democrat Kamala Harris captured Vermont, Edison Research projected, as polls closed in the first nine U.S. states, including Georgia and North Carolina.

Persons: WTI, Republican Donald Trump, Kamala Harris Organizations: Chevron Corporation, . West Texas, Brent, Republican, Indiana, Edison Research Locations: San Ardo , California, United States, Indiana , Kentucky, West Virginia, Vermont, Georgia, North Carolina

☆ Trump's victory shows the flagging influence of mainstream media
▼ + stars: | 2024-11-06 | by ( Lindsay Dodgson | Mikhaila Friel | ) www.businessinsider.com time to read: +6 min

The 2024 election may have shown the mainstream media is losing its grip on political commentary. AdvertisementThe campaigns in this year's presidential election have shone a light on the waning influence of mainstream media. AdvertisementWhile mainstream media outlets are establishing growing audiences on apps like TikTok, young people still tend to get their news from influencers and non-legacy media accounts. Doug Eldridge, founder of Achilles PR agency, told BI that legacy media outlets will use the election to reassess their next steps. "Much like the dinosaurs, the legacy media will either adapt or become extinct."

Persons: —, Brett Spencer, Harris, Trump familiarized, Joe Rogan's, Paul Reilly, Rogan, Trump, Elon Musk, Alex Cooper's, Kamala, Brandon Harris, Edison, There's, Jessica Coen, Jess Rauchberg, Doug Eldridge, Achilles, Eldridge Organizations: Service, City St, University of London, Trump, Newsweek, University of Glasgow, X, Journalism, Creative Media, University of Alabama, Pew Research Center, News Locations: City, City St George's, TikTok

☆ How global markets are reacting to the U.S. presidential election
▼ + stars: | 2024-11-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow global markets are reacting to the U.S. presidential electionTim Seymour, Seymour Asset Management chief investment officer, and Gunjan Banerjee, Wall Street Journal lead writer, discuss how the markets are reacting to the U.S. presidential election.

Persons: Tim Seymour, Gunjan Banerjee Organizations: U.S, Seymour Asset Management, Wall, Journal

☆ Trump’s return to power raises serious questions about the media’s credibility
▼ + stars: | 2024-11-06 | by ( Brian Stelter | ) edition.cnn.com time to read: +6 min

New York CNN —Donald Trump’s return to power is a hinge point for the American media – in ways big, small, and to be determined. A severe trust deficit exists between the Trump base and big institutional media outlets. “Maybe ‘misinformation’ is a lazy word that was never applied to press coverage of Biden’s health or the border. Thus, Trump’s reelection portends a new period of hostility with major media outlets that strive for impartiality as well as partisan outlets that oppose him. Further, will media outlets engage in self-censoring to appease Trump, and if so, how will readers and viewers who oppose Trump react?

Persons: New York CNN — Donald Trump’s, Kamala Harris, Matt Walsh, Trump, ”, we’ve, “, Dave Weigel, Harris, Scott Jennings, Trump’s, ” Jennings, Liz Cheney, Nikki Haley, Tim Walz, ‘, ’ ”, Ashley Allison, Rupert Murdoch, portends, ” Conde Nast, Roger Lynch Organizations: New, New York CNN, Trump, Republicans, CNN, ’ ” Liberal, Fox News, White Locations: New York, United States, America, York, Puerto Rico

☆ A Trump win could have a 'negative impact' on these 3 stocks due to tariff risks, says TD Cowen analysts
▼ + stars: | 2024-11-06 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Three global alcoholic beverage makers are likely to see a "negative impact" from a Republican victory in the U.S. election due to the potential for trade tariffs, according to TD Cowen analysts. Guinness maker Diageo would be one of the companies to be impacted by a "smaller degree," according to the bank's analysts. These tariff measures were relaxed by the EU in early 2022, but are expected to be reinstated and doubled to 50% in 2025. STZ 5Y line Diageo Tariffs could "hit multiple areas of the business" at Diageo, TD Cowen analysts said. The company, which makes the Don Julio tequilas in Mexico, has nearly a quarter of its total sales in the U.S. reliant on tariff free trade at the southern border.

Persons: Cowen, Jack Daniel's, Brown, Forman, Donald Trump, Cowen's Robert Moskow, BF.B, Don Julio tequilas, DEO Organizations: Republican, Canada's, Dominion Bank, Constellation Brands, Guinness, Diageo, European Union, EU, Constellation, Corona, Trump Locations: U.S, Canada's Toronto, Corona, Mexico

☆ A longer-term perspective is really critical in these emotional moments, says Empower's Marta Norton
▼ + stars: | 2024-11-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA longer-term perspective is really critical in these emotional moments, says Empower's Marta NortonMarta Norton, Empower Investments chief investment strategist, joins 'Squawk Box' to discuss the latest market trends, impact of Trump's election victory, and more.

Persons: Empower's Marta Norton Marta Norton

☆ Elon Musk says his super PAC won't go away after the 2024 election
▼ + stars: | 2024-11-06 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

He says his super PAC will "keep going" after this election and is "preparing for the midterms." Musk said he's interested in combating the influence of George Soros in district attorney races. AdvertisementElon Musk signaled on Tuesday that he plans to remain a major player in American politics, even after the 2024 election. At the end of an X Space on Tuesday evening, Musk told listeners that America PAC, the super PAC that the billionaire businessman has funded with at least $119 million, will "keep going after this election." Musk said that his super PAC was "preparing for the midterms and any intermediate elections, as well as looking at elections at the district attorney level."

Persons: Elon Musk, Musk, he's, George Soros, —, It's, who's, Soros, DAs, Larry Krasner, Koch, Sue Altman Organizations: PAC, Service, America PAC, Soros, GOP, Democrat Locations: Philadelphia, Musk's, New Jersey

☆ Financial stocks are leading Wednesday's market rally. We're buying the one left behind
▼ + stars: | 2024-11-06 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

Following Wednesday's trade, Jim Cramer's Charitable Trust will own 45 shares of BLK, increasing its weighting to 1.3% from 0.86%. We're taking some of the sale proceeds from our morning trims of Wells Fargo and Morgan Stanley to buy more BlackRock shares, which curiously were not participating in Wednesday's broad rally in financial stocks. Wells Fargo and Morgan Stanley shares surged more than 14% and 11%, respectively, after Donald Trump won the presidential election. And yet, BlackRock stock has given back all its gains from earlier in the session. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Morgan Stanley, Wells Fargo, Donald Trump, Financials, Mike Mayo, Jim Cramer, Jim Organizations: BlackRock, BLK, Trump, CNBC Locations: Wells Fargo, Wells, BlackRock

☆ Photos show Americans' mixed reactions to Donald Trump's sweeping victory in the 2024 election
▼ + stars: | 2024-11-06 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +1 min

Donald Trump defeated Kamala Harris in the 2024 election. Photos from watch parties across the US showed mixed reactions. Harris watch parties turned somber, while Trump watch parties became jubilant. AdvertisementFormer President Donald Trump is headed back to the White House for a second, non-consecutive term after defeating Vice President Kamala Harris in the 2024 election. Throughout election night, the mood shifted dramatically at watch parties hosted by Democratic and Republican groups.

Persons: Donald Trump, Kamala Harris, Harris, Trump, —, Joe Biden Organizations: Service, White, Democratic, Republican

Former President Donald Trump has won a decisive victory over Vice President Kamala Harris in the 2024 presidential election, winning the battleground state map by margins that surprised even Trump's closest allies. Trump promised to impose heavy tariffs on imported goods if he was elected, claiming that they will simultaneously boost U.S. revenues, strengthen domestic industries and deter unwanted foreign competition. Mainstream economists warn that the tariffs, which are taxes paid by U.S. importers, will raise prices on American consumers. "We're going to help our country heal," Trump said Tuesday "We're going to fix everything about our country." He said "America has given us an unprecedented and powerful mandate," which included his fellow Republicans regaining control of the U.S. Senate.

Persons: Donald Trump, Kamala Harris, Trump Organizations: U.S, U.S . Senate

☆ Markets are moving on the 'certainty' of a winner tonight, says former SEC Chair Jay Clayton
▼ + stars: | 2024-11-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarkets are moving on the 'certainty' of a winner tonight, says former SEC Chair Jay ClaytonJay Clayton, Apollo non-executive chairman and former SEC Chairman, discusses why the markets are trending up despite the election outcome still being unknown.

Persons: Jay Clayton Jay Clayton, Apollo Organizations: SEC

☆ Republican Sen. Deb Fischer will win reelection in Nebraska’s Senate race, CNN projects
▼ + stars: | 2024-11-06 | by ( Arit John | ) edition.cnn.com time to read: +2 min

CNN —Republican Sen. Deb Fischer will win reelection in Nebraska, defeating an unexpectedly strong challenge from independent Dan Osborn, CNN projects. Fischer was first elected to the Senate in 2012, when she became the first female senator elected to a full term in Nebraska. Fischer, who will begin her third Senate term in January, said she changed her mind after realizing how important seniority is for members of Congress. Former President Donald Trump also sought to tie Osborn to the left in his endorsement of Fischer. The state also held a special Senate election to fill the other seat left vacant by Republican Ben Sasse’s resignation.

Persons: Republican Sen, Deb Fischer, Dan Osborn, Fischer, Osborn, ”, Kamala Harris, Joe Biden, Independent Vermont Sen, Bernie Sanders, Donald Trump, “ Dan, ’, ” Trump, Republican Ben Sasse’s Organizations: CNN, Republican, Senate, Congress, Navy, outspent Republicans, Democrats, Independent Vermont, Nebraska, Democratic Party, Nebraska Democrats Locations: Nebraska

☆ Why small-cap stocks are making such a big move on a Trump victory
▼ + stars: | 2024-11-06 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Donald Trump's return to the White House sparked a big move higher in small-cap stocks. Small-cap stocks were seen as potential winners under a second Trump presidency, as investors expect it would ease regulations on businesses — which tend to weigh more heavily on smaller businesses. Wednesday's gains in small caps were led by private prison stocks Geo Group and CoreCivic , which were up roughly 20% each. Small-cap stocks have trailed their large-cap counterparts this year. Notably, small caps outperformed in the 3mos after both the Trump 2016 and Biden 2020 wins."

Persons: Donald Trump's, Russell, Jason Goepfert, Wolfe, Chris Senyek, IWM, Wells, Chris Harvey, Robert Krankowski Organizations: Trump, DOJ, FTC, Congress, Wolfe Research, Geo, Biden, UBS, Ferrari Locations: Wells Fargo

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