Tuesday, November 5, 2024

Election day dawns

Bloomberg Morning Briefing Americas

Good morning. Election day is finally here and we've got all you need to know, plus the latest on the strike by Boeing workers and will AR glasses become the apple of your eye? Listen to the day's top stories.

Donald Trump and Kamala Harris concluded one of the most tumultuous and dramatic presidential campaigns in modern political history with dueling rallies late last night. After a bruising campaign, polls showed the race deadlocked both nationally and across swing states. Even midnight voting in Dixville Notch, New Hampshire, ended in a tie.

We'll be crunching the numbers as they come in—and for as long as it takes. Keep up to date here or sign up for our election alerts. Been hiding under a rock until today? Here's our list of must reads to catch you up on the showdown.

It's not just about Trump v. Harris, of course. Check out the key races in the close fight for control of Congress. Meanwhile, key ballot initiatives include controversial policies like rent control, homelessness policing, Big Weed and tipping.

Financial markets are bracing for a rollercoaster. For now, it looks like US stocks will open higherHedge funds are placing bets that will profit from a weaker dollar if Harris wins. And some investment pros are game-planning for a scenario that's specific to a Trump victory: Elon Musk in the White House.

Elon Musk awards $1,000,000 in Lancaster, Pennsylvania. Photographer: Samuel Corum/Getty Images

Speaking of gambling, Musk's daily million-dollar voter giveaway survived a challenge by Philadelphia's district attorney who said it was an illegal lottery. But predictions-betting platform Polymarket may be in hot water after it paid US-based social media influencers to promote election betting on the site—even though that's not allowed in America.

The Big Take

Deep Dive: Boeing

Jon Holden, International Association of Machinists and Aerospace Workers District 751 president, speaks after the vote. Photographer: Jason Redmond/AFP

Boeing bosses will be sighing with relief after workers finally voted to accept a new labor contract, ending a strike that crippled jetliner production for 53 days.

  • Workers will get a 38% wage increase over four years and enhanced retirement contributions under the new package, with hourly employees set to get back to work at factories in Washington, Oregon and California as soon as today.
  • The deal clears a major obstacle for the planemaker to restore its operations and finances. It already averted a likely downgrade of its credit rating to junk status by raising billions of dollars in capital, but it's not out of the woods yet. The stock has lost about 41% in value this year.

Opinion

Don't hold your breath for a quick election result, John Authers writes. Prediction markets give a one in three chance the vote can't be called until after Wednesday. That wouldn't be good for market volatility—or anyone's sanity—and would ramp up the risk of civil unrest.

Before You Go

Meta's Mark Zuckerberg wears Orion glasses. Photographer: David Paul Morris/Bloomberg

Would you wear Apple glasses? It's asking employees for their thoughts on the smart glasses currently on the market, potentially setting the stage for the company to take on Meta's Ray-Bans and planned augmented reality Orion spectacles.

Haggis the pygmy hippo. Source: Edinburgh Zoo

Who Deng? Move over Moo Deng. Edinburgh Zoo announced the birth of its own pygmy hippo—named Haggis—to rival Thailand's viral sensation. But the zoo was quick to play down any rivalry, saying "there is space in this world for two beautiful pygmy hippo divas."

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