6 PM ET: Trump Media stock skyrockets, the pros and cons of short-term rentals, bear’s accidental death & more
CNN 5 Things
CNN
3.7 • 1.3K Ratings
🗓️ 28 October 2024
⏱️ 6 minutes
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| 0:00.0 | Hi from CNN, this is Madeline Thompson with five things you need to know for Monday October 28. |
| 0:07.0 | So it looks like Democrats will outspend Republicans on advertising across all seven key swing states in the |
| 0:15.4 | matchup between Vice President Kamala Harris and former President Donald Trump. |
| 0:19.7 | But recently GOP advertisers have cut into that deficit and are even leading Democrats in the crucial battleground of Pennsylvania. |
| 0:27.0 | CNN's David Wright has more. |
| 0:29.0 | Hey Madeline, yeah, so looking at these spending numbers in Pennsylvania, Michigan, Wisconsin, Georgia, Arizona, North Carolina, and Nevada, those key battlegrounds. |
| 0:40.0 | Democrats are set to outspend Republicans on ads by a combined total of about 180 million dollars, |
| 0:45.3 | 928 million to about 748 million, in the three months since Biden dropped out. |
| 0:50.3 | They've established their largest advertising leads in Michigan, where Harris and |
| 0:54.2 | our allies are poised to outspend Trump and his supporters by more than 50 million. |
| 0:57.8 | But looking only at the ad bookings for October, Republicans are set to beat Harris and |
| 1:02.2 | her supporters in Pennsylvania, |
| 1:04.0 | the top target for both sides, by about nine million. |
| 1:07.2 | That's a significant development this late in the game. |
| 1:10.5 | Wall Street is valuing former President Donald Trump's social media company at $9 billion, |
| 1:16.0 | a price tag that's more than tripled in the span of just five weeks. |
| 1:21.0 | Since plunging to record lows more than a month ago, the share price for truth social owner, Trump Media, has skyrocketed. |
| 1:28.0 | CNN's Matt Egan explains. |
| 1:30.0 | It was only five weeks ago that Trump media was trading at those record lows of about 12 bucks. But look at this, up 19% today all the way to 46 dollars. And this is all being driven by bets that former President Trump will win the White |
| 1:46.8 | House because Trump media has become basically a proxy for how traders think that this election will turn out. |
| 1:54.3 | In the summer after President Biden stepped aside, |
| 1:57.5 | we saw this stock price fall to record low after record low. |
... |
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