Republican nominee
Trump, in an address to supporters at his election watch party in West Palm Beach, Florida, called it “a political victory that our country’s never seen before.”
“I will not rest until we have delivered the strong, safe, and prosperous America that our children deserve and that you deserve,” Trump said, adding that “we’re going to help our country heal.”
Republican presidential nominee Donald Trump addresses supporters at his election watch party in West Palm Beach, Florida. Source: Bloomberg
While Trump has not yet been declared the winner by most news outlets, he won Pennsylvania, puncturing Democrats’ Blue Wall and all but ending Democratic nominee
Republicans’ strength has already delivered them the Senate, flipping seats in at least Ohio and West Virginia while successfully fending off challenges in Texas and Nebraska, and the results showed Trump overperforming his 2020 results in several regions.
S&P 500 futures climbed 1.2%, 10-year yields rose as much as 19 basis points to a four-month high of 4.47% and Bitcoin spiked to a record – moves that reflect rising wagers on a Trump presidency.
The Bloomberg Dollar Spot Index was up as much as 1.6%. The Mexican peso slumped over 3%, while the Japanese yen and the euro slid at least 1.5%. Contracts on the Russell 2000 Index added 2.4%. Smaller companies with typically domestic operations are seen as potential gainers in a Republican win, given the party’s protectionist stance.
Trump peppered his remarks with shout-outs to celebrities who flocked to Florida to soak in the rally, from billionaire
He reiterated his intention to appoint former independent presidential candidate
“It’s time to put the divisions of the past four years behind us. It’s time to unite,” Trump said.
Foreign leaders also offered Trump congratulations on his likely victory, with Ukrainian President
Trump has been a critic of US aid to Ukraine to help it repel Russia’s invasion and has pledged to broker a deal between Zelenskiy and Russian President
Israeli Prime Minister
Republicans flip control of the US Senate. They now control at least 51 seats in the 100-member chamber. The GOP knocked out veteran Sherrod Brown in Ohio and picked up an open seat in West Virginia. Joe Mathieu reports. Source: Bloomberg
Harris campaign co-chair
“We still have votes to count, we still have states that have not been counted yet,” Richmond said. “We will continue overnight to fight to make sure that every vote is counted.”
Trump posted gains across the South, including heavily Hispanic counties. Harris victories were largely contained to Democratic strongholds including New York, New Jersey and Connecticut.
Kamala Harris made a surprise visit to the Democratic National Committee headquarters in Washington, DC, Tuesday afternoon where she thanked volunteers and made calls to voters herself. “We are all doing this together,” the vice president told one voter on the phone, thanking them for their time. Source: Bloomberg
Republican
Independent Senator
Control of the House of Representatives remained too close to call.
Republican nominee Donald Trump has jumped out to a lead over Democrat Kamala Harris and the Republicans are projected to control the Senate. David Gura and Romaine Bostick report. Source: Bloomberg
Exit polls suggested voters remained frustrated with the state of the economy in exit polls released Tuesday afternoon by a consortium of networks that included NBC News, Fox News, and CNN.
Almost half of all surveyed voters — 48% — said they are very concerned about the cost of gas and 51% said they’re concerned about housing costs. Only 26% of voters said they were enthusiastic or satisfied with the way things are going, while 72% were dissatisfied or angry. President
Trump cast his own ballot at a recreation center in Palm Beach, Florida, alongside former first lady
Harris earlier this week said she had voted by mail in her home state of California.
Long lines were reported in several states and there were no signs of major issues. Bogus bomb threats briefly delayed voting at some locations in Georgia. Those threats extended voting hours at some precincts.
“Georgia’s not going to be intimidated,” the state’s top election official,
In Las Vegas, the Allegiant Stadium was turned into the “largest polling location in the history” of the state, said Nevada Secretary of State Cisco Aguilar.
“Nevada’s experienced some of the largest turnout they’ve seen, especially among our youth voters,” he said in an interview outside of the stadium.
The 2024 presidential campaign marked one of the most contentious and unpredictable contests in US history, with Biden becoming the first incumbent to forgo a reelection bid in over half a century, Trump surviving two failed assassination attempts — and managing to unify his party despite being the first former president convicted of a felony, one of a slew of legal challenges.
Harris had hoped to become the first Black woman and first Asian American president in a truncated campaign she only launched in late July after Biden’s exit from the race.
Trump’s victory would mark a defiant return to the Oval Office after he left Washington in disgrace following the attack on the US Capitol by supporters seeking to block certification of the 2020 election. He ran as the first former US president convicted of a felony following a Manhattan trial over hush-money payments and faces other indictments.
Blomberg’s Anna Edgerton reports on the latest from North Carolina as the early results start to be counted. Source: Bloomberg
More than $14.8 billion has been
(Updates to add additional details on Trump remarks, reaction in paragraphs 9-14)
--With assistance from
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Justin Sink, Meghashyam Mali
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