11/4 Election Day Specials and Financial News

Image source: https://image.cnbcfm.com/

Financial News

1, U.S. stocks climbed on Wednesday even as the results of the presidential contest so far failed to yield a clear winner. The Dow Jones Industrial Average jumped 367.63 points, or 1.3%, to 27,847.66. The blue-chip benchmark surged more than 800 points at its session high before fading a bit into the close. The S&P 500 rose 2.2%, or 74.42 points, to 3,443.44 after gaining as much as 3.5% earlier in the day. The tech-heavy Nasdaq Composite popped 3.9%, or 430.21 points, to 11,590.78 as investors crowded back into the trade that’s been working for most of this tumultuous year.

https://www.cnbc.com/2020/11/03/stock-futures-open-flat-after-tuesdays-rally-as-traders-await-us-election-results.html

2, “This was a great night for those three industries with market-moving implications,” CNBC’s Jim Cramer said of cannabis, sports betting and ride-sharing companies. The “Mad Money” host reviewed state ballot initiatives that voters approved across the country and explained how they could impact various industries.

https://www.cnbc.com/2020/11/04/cramer-big-wins-for-cannabis-sports-betting-and-gig-companies.html

3,″We will speed up negotiations of the China-EU investment treaty, and the China-Japan-ROK free trade agreement,” Chinese President Xi Jinping said Wednesday in Mandarin, according to an official translation. The Chinese leader was speaking via video at the opening ceremony of the third China International Import Expo, just about 12 hours after U.S. presidential election polls closed. Xi did not specifically mention the U.S. in his remarks and spoke broadly of China’s intentions for further opening up the domestic economy to foreign businesses.

https://www.cnbc.com/2020/11/04/chinas-xi-says-country-will-speed-up-trade-talks-with-eu-japan-rok.html

4,HONG KONG (Reuters) – China’s surprise suspension of Ant Group’s record $37 billion listing is likely to delay rather than destroy its chances of a stock market debut though the financial technology giant’s valuation and growth prospects are set to take a hit.

https://www.reuters.com/article/us-ant-group-ipo-suspension/ants-ipo-fiasco-set-to-clip-its-wings-and-dent-its-value-idUSKBN27K046

Political-Election Special

1,Billionaire former New York City Mayor Michael Bloomberg blew over $100 million to help Democrat presidential candidate Joe Biden win in Florida, Ohio, and Texas — even though his preferred candidate lost all three states to President Donald Trump.

https://www.breitbart.com/2020-election/2020/11/04/michael-bloomberg-blew-100-million-to-help-joe-biden-win-florida/

2.Twitter went on another censorship blitz today, targeting the account of President Trump and numerous conservative journalists and commentators. Twitter which censored Trump and the Trump campaign over 65 times during the campaign while leaving Biden untouched, censored three tweets from the President in the space of a few hours.

https://www.breitbart.com/tech/2020/11/04/twitter-censors-trump-conservative-journalists-as-election-disputes-continue/

3,Rudy Giuliani Launches Trump Campaign Claim of Democrat Voting Fraud in Philadelphia. Giuliani said that Philadelphia had a reputation for voter fraud, dead people voting, and people bussed in from Camden, New Jersey, to vote in Pennsylvania. But the new aspects of mail-in ballots, he alleged, allowed Democrats to deliver an unprecedented new level of voter fraud. Giuliani also contested the 120,000 ballots that suddenly appeared in Wisconsin at 4:00 a.m., as well as Arizona, Nevada, and Michigan. He previewed a possible national lawsuit to challenge the Democrats for their sudden ballot deliveries.

https://www.breitbart.com/politics/2020/11/04/rudy-giuliani-launches-trump-campaign-claim-of-democrat-voting-fraud-in-philadelphia/

By 【G Translators-Financial Team】

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