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☆ Mortgage rates surge higher on Trump victory, causing housing stocks to fall
▼ + stars: | 2024-11-06 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

"The expectation among bond traders coming into the election was that rates would move higher in the event of a Trump victory and especially a red sweep. "The builder stocks are highly sensitive to mortgage rates and mortgage rate expectations. Big builders have been buying down mortgage rates for their customers, but that has been cutting into their margins. Mortgage rates don't follow the Fed, but do react to the central bank's thinking on the economy. Stronger-than-expected economic reports in September and October caused bond yields, and consequently mortgage rates, to move higher.

Persons: Donald Trump's, Matthew Graham, Horton, PulteGroup, Lowe's, John Burns, Trump, Carl Harris, Graham Organizations: Mortgage News, Trump, . Housing, John Burns Real Estate Consulting, National Association of Home Builders, Federal Reserve, National Association of Realtors Locations: U.S, D.R

While many Silicon Valley VCs and founders aren't huge Trump fans, their industry thrives when startups are getting acquired or going public quickly. The Biden administration clamped down heavily on tech M&A, so Trump's win could be a financial boon for the sector. Stephen Hays, the founder and managing partner of What if Ventures, said money is already moving again. AdvertisementBig Tech returns to the tableAs president, Trump could roll back some of the antitrust policies that his opponent would have continued. "People are keeping to themselves and just getting on with their business," said Conrad Burke, a managing partner of MetaVC Partners.

Persons: Kamala Harris, Reid Hoffman, Laurene Powell, Vinod Khosla, Harris, Donald Trump's, aren't, Biden, There's, Jordan Nof, Stephen Hays, Trump, Elon, Lina Khan's, Lulu Cheng Meservey, Y, Lina Khan, Kevin Dietsch, Brandon Brooks, — Trump's, JD Vance —, Chris Farmer, Mason Angel, Louis Lehlot, Lardner, Michael Greeley, Crypto, hasn't, Gary Gensler, Bitcoin, Brian Garrett, Garrett, Jenny Fielding's, Fielding, Conrad Burke, Leslie Feinzaig, bundlers, Kamala, I've Organizations: Democrat, White House, Trump, Tusk Venture Partners, Ventures, Tech, Federal Trade, Investors, Foley, Big Tech, Markets, Flare Capital, Biden, SEC, Crosscut Ventures, Google, Microsoft, MetaVC Partners Locations: Europe

☆ We're pocketing a gain in a disappointing stock — and would be buyers in another
▼ + stars: | 2024-11-06 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Following the trade, Jim Cramer's Charitable Trust will own 325 shares of HON, decreasing its weighting to 2% from 2.45%. With Honeywell shares rallying Wednesday alongside other industrials as part of the "Trump Trade," it's an opportunity to sell into strength a stock that has disappointed. We will realize a small gain of about 2% on stock purchased in late 2021. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Jim Cramer's, Donald Trump, Morgan Stanley, Jim Cramer, Jim, Republican Donald Trump, Andrew Kelly Organizations: Honeywell, Republican, U.S, NBC, Trump Trade, CNBC, Home Depot, New York Stock Exchange Locations: Wells Fargo, Depot, U.S, New York City

☆ 4 major wins for YIMBYs on election night — and one loss
▼ + stars: | 2024-11-06 | by ( Eliza Relman | ) www.businessinsider.com time to read: +8 min

Many of the efforts were focused on allocating more funds for affordable housing. They voted for a slew of measures, most of which will create additional funding for affordable housing. Affordable housing bonds in Rhode Island, North Carolina, and BaltimoreSeveral cities and states along the East Coast voted on Tuesday to fund affordable housing bonds. Proponents of stricter rent control say preventing landlords from price gauging is key to protecting the most vulnerable tenants. Freemark argued that it's unclear what the mixed results on rent control mean for the pro-housing movement.

Persons: —, Donald Trump's, Yonah, Karen Bass, Angelenos, Charlotte, Hill, Anselmo —, Freemark, I'm Organizations: Service, Trump, Republican Party, Urban Institute, LA, East Coast, Orlando In, Denver Locations: Angeles, Los Angeles County, LA, Rhode Island , North Carolina, Baltimore, Rhode Island, homebuyers, North Carolina, Asheville, New Orleans, Orlando, Orlando In New Orleans, Orlando , Florida, Denver, California, Hoboken , New Jersey

☆ Trump will win second term, CNN projects, in historic comeback after losing four years ago
▼ + stars: | 2024-11-06 | by ( Stephen Collinson | ) edition.cnn.com time to read: +27 min

Trump’s supporters see him as a unique figure whose blunt, sometimes vulgar and often racially suggestive rhetoric reveals him as a scourge of political correctness. Austin Steele/CNN Trump supporters hold up posters that read "47" as they attend an election watch party in Chandler, Arizona. Go Nakamura/Reuters Trump supporters cheer at his election night watch party in West Palm Beach. George Walker IV/AP Trump supporters watch election results come in at his election night party at the Palm Beach County Convention Center. Patrick T. Fallon/AFP via Getty Images Trump and his wife, Melania, walk up to the press after voting in Palm Beach, Florida, on Tuesday.

Persons: Donald Trump, Trump, ”, Kamala Harris, Joe Biden’s, Trump’s, he’s, Harris, Jack Smith, Melania, Barron, “, Will Lanzoni, CNN Trump, Ian Maule, Austin Steele, Go Nakamura, Jeff Roberson, Vincent Alban, Chet Strange, Leah Charles, Tianna Adams, George Walker IV, Christian Monterrosa, Shelby Knowles, Jason Bean, Rebecca Blackwell, Leah Millis, Brynn Anderson, Matt York, Paul Kuehnel, David Robert Elliott, Nathan Howard, San Francisco Columbarium, Jeff Chiu, Nicole Craine, Ernesto Benavides, Steven Vandenburgh, Charlie Riedel, Lindsey Wasson, Andres Leighton, Butch Wilmore, Suni Williams, Nick Hague, Don Pettit, Hague, Eva Marie Uzcategui, Matt Slocum, Susan B, Anthony, Lauren Petracca, Richard Burkhart, Ronald Reagan, Chris Pizzello, Rebecca Droke, Jay Janner, Ken Brandon, Charlie Neibergall, Scott Morgan, John Locher, Jordan Dunson, Chris Lachall, Bill Clark, David Goldman, David Dee Delgado, Suzanne Kreiter, Ryan Collerd, Joseph Prezioso, Charles Rex Arbogast, Patrick T, Fallon, Evan Vucci, Nam, Rebecca Cook, Elijah Nouvelage, Ed Jones, Jonathan Drake, Reuters Ohio Sen, JD Vance, Carolyn Kaster, Carlos Berríos Polanco, Skye, Quinn Glabicki, Jose Luis Magana, RJ Sangosti, Robyn Beck, Zach Boyden, Holmes, Mike Stewart, Carlos Osorio, Steven Senne, David Paul Morris, Kayria Hildebran, Jenny Kane, Joe Biden, Craig Hudson, Bing Guan, Scott Olson, Lynne Sladky, Allison Joyce, Megan Varner, Scott Graham, Adam Bettcher, RONDA CHURCHILL, Hillary Clinton, –, Smith, Mostafa Bassim, Vladimir Putin, Trumpism, Mike Pence, Sen, Stephen Maturen, Grover Cleveland Organizations: CNN, Washington, Trump, GOP, Republican Party, Capitol, ” Overseas, Howard University, CNN Trump, Reuters Trump, West Palm Beach, Republican, Reuters, Carolina, AP Trump, Convention, Center, Bloomberg, Getty, Empire, People, Reno Gazette, USA, Florida's, AP Observers, Spelman College, AP, York Hospital, Kansas City Urban Youth Academy, New York Times, CNN Howard University, San Francisco, AP Voters, NASA, Space, Mount Hope, Savannah Morning, Voters, Ronald Reagan Presidential, Austin American, Statesman, Hartford Memorial Baptist Church, Honda, Allegiant, Las Vegas Raiders, First Presbyterian Church, City, Inc, First Presbyterian, of, Boston Globe, Getty Images Trump, College Park ,, Getty Images Workers, Sipa, US, Denver Post, City of, Reuters Voters, City Hall, Atlanta's, Museum of Art, Pisgah Baptist, Secret Service, Republicans, Justice Department, White, Police, Anadolu Agency, NATO, Hezbollah, House, Herb Brooks National Hockey Center Locations: Lago, America, Wisconsin, Georgia, Pennsylvania, North Carolina, ”, West Palm Beach , Florida, Las Vegas, Washington , DC, Chandler , Arizona, West Palm Beach, West Palm, Pewaukee , Wisconsin, Denver, Greensboro , North Carolina, Beach, Fulton, Fairburn , Georgia, New York, Reno , Nevada, St . Petersburg , Florida, Philadelphia, Atlanta, Phoenix, York , Pennsylvania, Kansas City , Missouri, Waleska , Georgia, Navajo, Kayenta , Arizona, AFP, Lawrence , Kansas, Seattle, Chinle , Arizona, West Chester , Pennsylvania, Rochester , New York, Garden City , Georgia, Savannah, Simi Valley , California, Pittsburgh, Austin , Texas, Hartford, Detroit, Omaha , Nebraska, Savannah , Georgia, Camden , New Jersey, San Francisco, Alexandria , Virginia, of Dearborn , Michigan, Boston, Lancaster , New Hampshire, Chicago, Palm Beach , Florida, College Park, College Park , Georgia, Leicester , North Carolina, Reuters Ohio, Cincinnati, Dearborn , Michigan, Caguas , Puerto Rico, Springfield , Pennsylvania, Dixville, New Hampshire, City, City of Industry , California, Des Moines , Iowa, Charlotte , North Carolina, Grand Rapids , Michigan, Providence , Rhode Island, Henderson , Nevada, Bronx, Portland , Oregon, Oregon, New Castle , Delaware, Pisgah, Pisgah Baptist Church, Brooklyn, Kenosha , Wisconsin, Miami, Wilmington , North Carolina, Minneapolis, United States, Manhattan, Butler , Pennsylvania, Ohio, Washington, Florida, British, Ukraine, Europe, Taiwan, Israel, Gaza, Lebanon, Iran, Afghanistan, St Cloud , Minnesota

☆ Stocks to buy once election results are clear and volatility eases, according to Bank of America
▼ + stars: | 2024-11-06 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Several stocks could rise if market volatility scales back after Tuesday's U.S. presidential election, according to a Bank of America analysis. Stock market volatility climbed ahead of the election, with the Cboe Volatility Index , known as Wall Street's "fear gauge," crossing 23 on Thursday. But with the winner of the election decided, the VIX has eased to around 16 on Wednesday. To react to this scenario, Bank of America screened for several lower-quality stocks inversely correlated to the VIX that could see a pop in their share prices. Morgan Stanley revised its 2024-25 revenue estimates on NXP lower, expecting a period of stagnation in the automotive semiconductor market.

Persons: Morgan Stanley, Brandon Berman Organizations: U.S, Bank of America, Semiconductors, Builders, United Rentals, Autodesk, financials Citigroup, Blackstone, Citigroup Locations: Netherlands, Europe, Americas

Markets: The post-election rally on Wall Street continued into afternoon trading, with the Dow Jones Industrial Average jumping 3.4%, or roughly 1,450 points, and the S & P 500 advancing 2.4%. It's worth noting, the stock market was reacting like Jim Cramer said it would in his Sunday column . The one thing markets hate is uncertainty, and Wednesday's rally can be attributed, in part, to relief that Wall Street professionals and individual investors alike know where they stand and what to expect from the country's next president. Bond yields move inversely to prices, and a basis point is equal to 0.01%. "You have to be very careful to respect the bond market if you do any buying today," Jim said.

Persons: Jim Cramer, Donald Trump, Kamala Harris, Morgan Stanley, Jim, It's, Yun Li, Trump, Harris, Jerome Powell's, we'll, Jim Cramer's Organizations: CNBC, ., Wall, Dow Jones, Trump, Republican, NBC, Senate, NBC News, Wells, BlackRock, Energy, Coterra Energy, Honeywell, Federal, White, Arm Holdings, Qualcomm, Bros, Moderna, Barrick Gold, Halliburton, Hershey, Air Products, Chemicals, Warner Bros ., Jim Cramer's Charitable

Detailed below is how a second Trump presidency is expected to impact American wallets. Trump's plan to cut the corporate tax rate is generally viewed as bullish for earnings, particularly for the consumer-discretionary, communication-services, and financial sectors. Further, if Trump's presidency is inflationary and leads to interest-rate hikes, that would hit housing affordability in the form of higher mortgage rates, which track the Federal Reserve's benchmark. AdvertisementThe former president has also said he plans to extend his slew of tax cuts from the Tax Cuts and Jobs Act of 2017 — also known as the "Trump tax cut." Trump's plan for universal tariffs is seen as offsetting a positive tax impact and would be especially costly for lower-earning Americans.

Persons: Donald Trump, —, Trump's, Trump, bitcoin, Vance Organizations: Trump, Service, Biden, White

☆ Housing affordability weighs on voters during election
▼ + stars: | 2024-11-05 | 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 EmailHousing affordability weighs on voters during electionCNBC's Diana Olick joins 'Squawk on the Street' to discuss how housing affordability may impact voter sentiment.

Persons: Diana Olick

☆ I moved from the US to Australia. My employer contributes over 11% to my retirement, and I don't pay property taxes.
▼ + stars: | 2024-11-05 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

We pay 37% taxes on our income up to $190,000 (Australian dollars) and 45% on anything over that. Housing prices are very high, but we don't pay property taxI paid over one million for a three-bedroom, two-bathroom house that's about 15 minutes outside the city. One benefit is that we don't pay property taxes. I figure if we stay here for five years, we'll break even on the amount we would have paid in property tax in the US. Plus, it's predictable — we own the home without worrying about rising property tax rates.

Persons: Chelsey Nelson, she's, —, Aiden, COVID, wouldn't, I'd, we'll, I'm, There's Organizations: Service Locations: Seattle, Australia, Rio de Janeiro, Brisbane, Washington

☆ Billionaire Ray Dalio says people should budget for the basics — and the US faces 3 huge threats
▼ + stars: | 2024-11-05 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Ray Dalio says identifying your basic needs and ensuring they're covered is key to a happy life. Dalio told a podcast that the national debt, political infighting, and foreign rivals threaten the US. AdvertisementRay Dalio says figuring out your fundamental needs and setting aside enough cash to cover them is key to solving money troubles. Higher inflation and interest rates have made the economy a key concern for voters ahead of the presidential election. Failing to unite the country could result in revolution and subpar management, which Dalio deemed the "greatest risk" from a political standpoint.

Persons: Ray Dalio, Dalio, —, Tom Bilyeu's, you've, They've, Donald Trump, Kamala Harris, who's Organizations: Service, Bridgewater Associates, Bloomberg, Republican, Democratic Locations: China, Russia

☆ Average age of first-time homebuyers is 38, an all-time high. Here's what that says about the real estate market
▼ + stars: | 2024-11-05 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

'The biggest issue of housing today'The housing shortage in the U.S. is "the biggest issue of housing today," said Orphe Divounguy, senior economist at Zillow. As of mid-2023, there's a housing shortage of 4 million homes, according to the NAR. Rent prices increased faster than tenants' wages during the pandemic. "We're seeing renters staying renters for longer because affordability has been so squeezed," he said. High rent prices not only affect your ability to save money to buy a home, it can affect your ability to pay down any existing debt, Lautz said.

Persons: homebuyer, Jessica Lautz, Orphe Divounguy, Jonathan Scott, Scott, Selma Hepp, Divounguy, Lautz Organizations: National Association of Realtors, NAR, HGTV, CNBC Locations: U.S

☆ Some Americans think moving to Canada will solve all their problems. But Canada has its own issues.
▼ + stars: | 2024-11-05 | by ( Alcynna Lloyd | Jordan Pandy | ) www.businessinsider.com time to read: +8 min

Some Americans move to Canada in search of less polarized politics and reduced risk of gun violence. Related storiesTwo Americans who recently moved to Canada told BI they did so to escape polarized and divisive politics, escape inadequate healthcare, and feel safer in their communities. A lot of the characteristics Ouellet was looking for in New Zealand, he said, he found in British Columbia. "In British Columbia, the regulations for being able to own a gun are extremely tight," he said. Ouellet said he had no regrets about moving to British Columbia, but Canada's housing crisis have so far sidelined his dreams of homeownership.

Persons: —, Rae Johnson, Johnson, Donald Trump, Hillary Clinton, wasn't, Joe Biden, Trump, Biden, Kamala Harris, Roe, Wade, Michael Niren, couldn't, United States —, Niren, Canada Chris Ouellet, Ouellet, hasn't, he'd Organizations: Service, Business, Google, Democratic, Trump, Biden, Ministry of Health Locations: Canada, Los Angeles, California, United States, Portland , Oregon, Victoria, British Columbia, Wellington , New Zealand, New Zealand, Pacific Northwest, Portland, Chicago

☆ California Proposition 33 Election Results 2024: Expand Local Rent Control
▼ + stars: | 2024-11-05 | by ( ) www.nytimes.com time to read: 1 min

This proposition would give local governments more authority to enact rent control by repealing the Costa-Hawkins Rental Housing Act, a state law that limits this power.

Organizations: Hawkins

☆ Huge shortage of affordable housing frightens me, says LeFrak CEO Richard LeFrak
▼ + stars: | 2024-11-05 | 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 EmailHuge shortage of affordable housing frightens me, says LeFrak CEO Richard LeFrakRichard LeFrak, LeFrak chairman and CEO, discusses the election's impact on America's business landscape.

Persons: Richard LeFrak Richard LeFrak

☆ A Controversial Vacation Homes Tax Is Dividing Lake Tahoe
▼ + stars: | 2024-11-05 | by ( Amanda Yen | ) www.businessinsider.com time to read: +12 min

My grandparents' vacation cabin in Lake Tahoe is the stuff of legend. My grandparents' little house in South Lake Tahoe, which they bought for $113,000 in 1984, quickly became a haven for my family. Framers of the Tahoe tax measure took inspiration from Berkeley, California, which adopted a vacancy tax this year. Since the city of South Lake Tahoe was incorporated in 1965, it's been populated by a healthy mix of year-round and seasonal residents. As of October 2024, the median sales price for homes in South Lake Tahoe was $750,000, according to Realtor.com.

Persons: George Rose, it's, Amelia Richmond, —, Steve Teshara, Teshara, Frederic Lewis, Sherri Maslyar, Jeff Cowen, we'd, Amanda Yen, I'd Organizations: of Commerce, South Tahoe Association of Realtors, BI, Colorado and, Survey, Tahoe Chamber of Commerce, Realtors ' Association, Business, Tahoe, Planning Association Locations: Tahoe, South Lake, Berkeley , California, Oahu, Colorado, Aspen, Vail, Breckenridge, Bay, Colorado and Utah, Park City , Utah, Richmond, Emerald

☆ A booming Montana city's struggle with homelessness is a warning — and a model — for the West
▼ + stars: | 2024-11-05 | by ( Eliza Relman | ) www.businessinsider.com time to read: +8 min

AdvertisementHousing costs and the homeless population have soared in the Western Montana city of Missoula this year. Between 2021 and 2023, the city's two main shelters saw a 53% increase in the number of nights of shelter provided to Missoulans experiencing homelessness. Advocates for those experiencing homelessness say there's much more work to be done. Local lawmakers say the city needs more state and federal funds to aid those experiencing homelessness. Building more housing is key to solving homelessnessAffordability is at the root of homelessness in Missoula and across the US.

Persons: —, Jill Bonny, they're, Bonny, It's, Eliza Relman, Bob Campbell, Campbell, who's Organizations: Service, Poverello Center, Sun, Poverello, New Hope Ministries, Business, Marine Corps Locations: Missoula, Western Montana, Montana, It's

☆ Housing affordability hits voters; cheaper now to rent than to own compared to 2020
▼ + stars: | 2024-11-05 | 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 EmailHousing affordability hits voters; cheaper now to rent than to own compared to 2020CNBC’s Diana Olick joins 'Power Lunch' to discuss housing affordability in the key swing states for this presidential election.

Persons: Diana Olick

☆ China is building new villages on its remote Himalayan border. Some appear to have crossed the line
▼ + stars: | 2024-11-05 | by ( Simone Mccarthy | Nectar Gan | ) edition.cnn.com time to read: +20 min

“Knowing India has a strong presence in Bhutan, China naturally becomes vulnerable in the bordering region,” said Rishi Gupta, assistant director at the Asia Society Policy Institute in New Delhi. “None of the roads connect into Bhutan, they start from the Chinese border and end in forest areas. ‘No intrusion’Bhutan has repeatedly denied that Chinese construction has taken place in its territory. Bhutanese Foreign Minister Tandi Dorji, left, and Chinese Foreign Minister Wang Yi meet in Beijing in October 2023. They picked up formal talks last October for the first time since the Doklam standoff, with Bhutan’s foreign minister making a rare visit to Beijing.

Persons: ”, that’s, Xi Jinping, Robert Barnett, Lotay Tshering “, SOAS ’ Barnett, Barnett, Bhutan’s, ” Barnett, Doklam, Bhutan –, Rishi Gupta, Jieluobu, Jieluobu –, Yun Sun, “, SOAS’s Barnett, –, Damien Symon, Symon, relocatees, Lotay Tshering, it’s, Karma Phuntsho, Manoj Joshi, Tandi Dorji, Wang Yi, Xi Organizations: CNN, East China Seas, Planet Labs, SOAS University of London, Tibet Autonomous, Labs, Bhutan’s Ministry of Foreign Affairs, SOAS, Gurinder, India’s Ministry, Affairs, Asia Society Policy, Beijing, Jieluobu, Stimson, Demalong ., Demalong . Tibet Federation of Industry, Commerce, Intel Lab, Chatham House, La, National, ” Observers, Observer Research, Trade, Foreign, Ministry Locations: Bhutan, China, Tibet, South, East, India, Tibet Autonomous Region, Demalong, Lhuntse, “ China, Indian, Chinese, Nathu La, Sikkim, Gurinder Osan, Delhi, Beijing, Siliguri, New Delhi, Doklam, Washington, Semalong, Luozha, WeChat, Demalong . Tibet, London, Jieluobu, Belgian, ”, Thimphu, Kula, Bhutanese

☆ Why quant giant D.E. Shaw seeks out academics, doctors, and veterans to work at the $60 billion hedge fund
▼ + stars: | 2024-11-05 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +10 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The rotational associates program lets new hires work for different teams in different roles so new employees can get a sense of where they fit best. Academics, doctors, and veteransThe end result is that driven people find their place in the firm, one way or another. Shaw Research, a computational drug discovery company led by Shaw, which put the hedge fund on their radar. Willenken, the doctor of philosophy, appreciated that his role included the parts of academia he enjoyed most without the siloed approach academic research roles typically require.

Persons: Shaw, —, Tim Willenken, hadn't, Gabrielle Wesley, I'd, D.E, David Shaw, Charles Ardai, Jeff Bezos, Jeremy Reff, Reff, Willenken, Don Quixote, Ana Díaz Rivero, Lindsay Temes's, Dr, Omar Ali, Lindsey Temes, Shaw Temes, Pat Tillman, Ali, Díaz Rivero Organizations: BI, Service, Mars, Amazon, Big Tech, Harvard, D.E, undergrad, Air Force, MIT, Pat Tillman Foundation, National Health Service, NHS, Shaw Research Locations: D.E, Mars Wrigley, America, New York, quants, Silicon Valley, Big

☆ These countries have the most at stake as the U.S. heads to the polls
▼ + stars: | 2024-11-05 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +8 min

Democratic presidential nominee, U.S. Vice President Kamala Harris, and Republican presidential nominee, former U.S. President Donald Trump. Scott Olson | Bill Pugliano | Getty ImagesThe world is watching the U.S. presidential election as voters go to the polls Tuesday, but the vote is more consequential for some countries. That situation is even more pronounced for Ukraine, whose territorial integrity could even be at stake. Trump defended the measure as a way of reducing a yawning trade deficit with China, and to boost American jobs and competitiveness. Patrick Stollarz | AFP | Getty ImagesThis year, Trump said that if he was reelected, he would raise tariffs on Chinese goods by 60-100%.

Persons: Kamala Harris, Donald Trump, Scott Olson, Bill Pugliano, Trump, Xi Jinping, Patrick Stollarz, Harris, Biden's, It's, Ian Bremmer, Vladimir Putin, Alexei Nikolsky, Washington Hilton, Kevin Dietsch, Benjamin Netanyahu, Biden —, Brendan Smialowski Organizations: Democratic, Republican, U.S, AFP, Getty, Trump, Democrat, CNBC, Russia, Anadolu, Russian, Eurasia Group, Russia's, Sputnik, Kremlin, Reuters It's, Ukraine, Washington, - American, Israeli American Council National Summit, Israel Democracy Institute, Reuters Locations: Ukraine, China China, United States, China, Hamburg, Germany, U.S, Russia, Kyiv, Moscow, Toretsk, Orenburg, Israel, Iran, Gaza, Lebanon, Jerusalem, Tehran

☆ Here are Tuesday's biggest analyst calls: Apple, Microsoft, Palantir, Eli Lilly, Broadcom, Krispy Kreme, Live Nation & more
▼ + stars: | 2024-11-05 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Morgan Stanley reiterates Live Nation as overweight Morgan Stanley raised its price target on the stock to $140 per share from $120. Bank of America reiterates Apple as buy Bank of America says it sees "limited" impact to Apple earnings regardless of the Presidential outcome. Bank of America reiterates Palantir as buy The firm says Palantir is an AI "juggernaut" following earnings on Monday. Bank of America reiterates Arista Networks as buy Bank of America says it sees share gains ahead for the networking equipment company. Morgan Stanley reinstates Krispy Kreme as equal weight Morgan Stanley says Krispy Kreme has a balanced risk/reward right now.

Persons: Morgan Stanley, it's bullish, Eli Lilly, Palantir, Bernstein, Eaton, Deutsche, there's, Jefferies, Rick Dreiling, MTZ, Morgan Stanley reinstates Krispy, Krispy Kreme Organizations: Bank of America, Boeing, JPMorgan, RBC, Microsoft, " Bank of America, Broadcom, Apple, Republicans, Arista Networks, Arista, Meta, Deutsche Bank, eBay, Barclays, Energy, Infrastructure, Communications, Resources, IDA Locations: San Antonio, Redmond , WA

☆ Here's what's at stake for equity markets ahead of the election
▼ + stars: | 2024-11-04 | 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 EmailHere's what's at stake for equity markets ahead of the electionMark Zandi, Moody’s Analytics chief economist, joins 'Squawk on the Street' to discuss each candidate's housing plans, which candidate will be better for the economy, and more.

Persons: Mark Zandi

For many Americans, the most important focus heading into a presidential election is how the winner will impact their wallet. Related storiesFor drug prices, Harris has promised to expand two provisions in the Inflation Reduction Act, allowing Medicare to negotiate the prices of some drugs. HarrisHarris' planned policy includes the construction of 3 million new housing units, as well as an expansion to the Low-Income Housing Tax Credit. TrumpTrump has also proposed expanding the child tax credit, which currently provides up to $2,000 per child. In August, the vice presidential candidate JD Vance floated a child tax credit proposal that would include $5,000 per child for families of all income levels.

Persons: Harris, Trump, Trump's, Joe Biden's, Biden, Trump Trump, — Trump, Harris Harris, —, Vance, hasn't Organizations: Trump, Federal Reserve, White, Trump Trump Locations: Americas

☆ Americans who bought homes in 2024 were older and richer than ever
▼ + stars: | 2024-11-04 | by ( Samantha Delouya | ) edition.cnn.com time to read: +4 min

Like first-time buyers, the typical repeat buyer has gotten older, with their median age increasing to 61 years from 58 last year. Repeat buyers’ median household income rose to $114,300 from $111,700 in the last year, as well, according to the NAR. First-time homebuyers may have trouble competing with repeat buyers, who could possibly have sold an existing home to purchase a new one. Repeat buyers were able to enter the housing market with much larger down payments (median 23%) than first-time homebuyers (median 9%). Thirty-one percent of repeat buyers paid all cash for their homes.

Persons: homebuyers, homebuyer, ”, Jessica Lautz, ” Lautz Organizations: CNN, National Association of Realtors, NAR Locations: America

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