Fed readies a rate cut and faces these four questions
This week’s decision lacks the suspense of the last one, when markets weren’t sure how big the Fed’s rate cut would be. The Fed cut rates by a half-point at its meeting in September, the first cut in four years. Investors will be on alert Thursday for any signals about where the bar is to cut rates again in December. When the Fed cut rates in September, the unemployment rate had ticked up to 4.3% in July from 3.7% at the beginning of the year. “It feels to me that the neutral rate is probably significantly higher than it was back then."
Source:Wall Street Journal
November 06, 2024 11:24 UTC
Yuan Under Pressure as Trump Trades Boost Dollar
0747 GMT – Trump trades have boosted the dollar across the board and put the yuan under pressure, ING strategists say. ( fabiana.negrinochoa@wsj.com )Dollar Hits 4-Month High on Trump Trade0741 GMT – The dollar rises to a four-month high as investors position for the prospect of Donald Trump winning the U.S. presidential election. The Trump trade are bets that his proposed policies, including lower taxes and trade tariffs, will be inflationary and lead to higher interest rates. USD/MXN is ripping toward the 21 handle amid concern that a Trump win will renew trade barriers with Mexico. BMI expects a Trump win this time to cause the peso to weaken about 9% to 22 against the dollar by end-2024.
Source:Wall Street Journal
November 06, 2024 11:21 UTC
Republicans win control of U.S. Senate; House still up in the air
Neither party appeared to have a clear advantage in the battle for the House of Representatives, which Republicans now control by a narrow margin. Republicans also posted gains as they sought to retain control of the House, which they currently control by a narrow 220-212 majority. Republicans stand a chance to widen their Senate majority further if they win in Montana, where Democrat Jon Tester faces a tough reelection battle, and prevail in several competitive Midwestern states. HOUSE UP FOR GRABSThe outcome was still up in the air in the House, despite Republicans' gains in North Carolina. Tight races in the heavily Democratic states of New York and California could determine House control, though the final outcome may not be known for several days as California typically takes several days to count its ballots.
Source:Washington Post
November 06, 2024 11:06 UTC
Alsobrooks makes history as Maryland’s first Black senator
PoliticsAlsobrooks makes history as Maryland’s first Black senatorDemocrat Angela Alsobrooks gave a speech after she was projected to win Maryland’s Senate race Nov. 5, defeating former Maryland governor Larry Hogan (R).
Source:Washington Post
November 06, 2024 10:59 UTC
Trump Says This Will Be His Last Campaign
“Just been very honored to find out that the lines are long and — the conservative lines, the Republican lines are very long.” Reporter: “Regardless of what happens tonight, is this your last campaign? I mean, I would think so.” Reporter: “There are people who are concerned that you didn’t concede the election in 2020 when you lost. They’re concerned that if you lost this election, you wouldn’t concede again. What do you say to those people?” “I think they’re crazy. If I lose an election, if it’s a fair election, I’m going to — I’d be the first one to acknowledge it.
Source:New York Times
November 06, 2024 10:24 UTC
Josh Stein projected to win governor race in North Carolina
PoliticsJosh Stein projected to win governor race in North CarolinaIn North Carolina, Josh Stein (D) is the projected winner in the open gubernatorial race over Mark Robinson (R), who was plagued by scandal in what was once thought to be the nation’s most competitive contest for governor.
Source:Washington Post
November 06, 2024 10:23 UTC
Trump Claims Victory In Indiana Presidential Race
Trump Claims Victory In Indiana Presidential Race Hoosier voters consistently back Trump amid new election laws and fundraising battlesFormer President Donald Trump has solidified his status once again as the leading figure among Indiana voters, winning the state decisively in the 2024 presidential election. Indiana, known for its conservative leanings, contributed 11 electoral votes to Trump’s tally, reaffirming its reputation as a reliably red state. Since then, Indiana has trended firmly Republican, with Trump also winning the state by wide margins against opponents Hillary Clinton and Joe Biden. The turnout for this year’s presidential race was significant, with approximately 4.8 million registered voters casting their ballots. "For the third time, Indiana is among the first states on the board for President Trump," stated Indiana GOP Chairman Randy Head.
Source:Washington Post
November 06, 2024 09:42 UTC
10 year up 16.5 basis points; highest since early July.
Yields are moving sharply higher with the 10-year now up 16 basis points at 4.448%. 2 year yields are up 10.2 basis points at 4.305%. The 10 year yield is at the highest level since July 2. The high reached $75080. That is a new record high for the digital currency.
Source:Fox News
November 06, 2024 09:13 UTC
Voters Wait in Line for Hours to Cast Ballot in Pennsylvania
LIVETrump, Again29:52Trump, Again1:00Trump Speaks as He Moves Closer to an Election Win1:00Trump Speaks as He Moves Closer to an Election WinNOW PLAYINGVoters Wait in Line for Hours to Cast Ballot in Pennsylvania0:35Trump Says This Will Be His Last Campaign4:14How We Model Election Results With the Needle0:45New Hampshire Town Casts First Election Day Ballots1:44Reaching Rural Voters in North Carolina After Hurricane Helene4:34Our Photographers’ Favorite Campaign Trail Photos0:17Harris Distances Herself From Biden’s ‘Garbage’ Remark32:39
Source:New York Times
November 06, 2024 09:12 UTC
Election 2024
I hear there’s an election today. The STB Election Committee made some endorsements on local transit and land use issues. What do you see happening or what do you think about the election? 8:15pm, 11/5:First results have dropped in King County: 777,581 ballots counted of an forecasted turnout of about 1,168,000 voters (82% of the total 1,425,313 registered voters). With 2,642,738 ballots counted plus the remaining ballots, the estimated statewide turnout is about 68.47% of the 5,018,747 registered voters.
Source:New York Times
November 06, 2024 09:07 UTC
Elon Musk’s mother Maye on why she doesn’t keep chips or cookies at home: ‘You can’t stop’
Elon Musk’s mother, Maye Musk, doesn’t pull any punches when it comes to nutrition. The model and dietitian, 76, said she saw many diet-related health conditions while running her private practice for 40 years. “Once they started changing their diets, their blood values looked better — and it just decreases the expense of treating these patients.”Musk emphasized the importance of communities working together for better health. ULTRA-PROCESSED FOODS MAKE UP 60% OF AMERICA’S DIET, WHO’S AT BIGGEST RISK“We need to be able to teach people to eat better, and to have communities doing it together,” she said. “And so I’d rather not start with them.”Instead of processed foods, Musk said she sticks with healthier choices like fruits, vegetables, yogurt, milk, cereal and whole-wheat bread.
Source:Fox News
November 06, 2024 08:36 UTC
Republican Party secures majority in US Senate
The Republican Party has won a majority in the Senate following the US election . Democrats lost control of the Senate after the Republican victory in West Virginia. West Virginia Governor Jim Justice took the Senate seat vacated by Democrat Joe Manchin. cnn.com screenshotThe Republican Party's majority in the Senate will make it possible to strengthen the possible presidency of Donald Trump. Republican Donald Trump is gaining the upper hand.
Source:CNN
November 06, 2024 08:34 UTC
Trump celebrates Republicans taking control of Senate
General News of Wednesday, 6 November 2024Source: edition.cnn.comFormer President Donald Trump celebrated Republicans winning control of the Senate while speaking at an address to supporters early Wednesday morning. CNN has projected the GOP will gain control of the Senate in a significant victory for the party. We have taken back control of the Senate — wow that’s good,” he told his supporters. CNN has not yet called the race for the former president and votes are still being counted across several states. “And the Senate races in Montana, Nevada, Texas, Ohio, Michigan, Wisconsin, the great Commonwealth of Pennsylvania were all won by the MAGA movement they helped so much,” Trump said.
Source:CNN
November 06, 2024 08:20 UTC
Video: Dana Bash says Trump’s projected win in Georgia is ‘very, very bad news’ for Harris campaign
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Source:CNN
November 06, 2024 07:49 UTC