Hi, I'm Dan Pramak and welcome to Axios Recap.

Today is Thursday, November 5th.

Stocks are up, the number of uncounted votes is down, and we're focused on the state of Arizona.

What we know so far is that the presidential election is coming down to just four states,

Arizona, Nevada, Pennsylvania, and Georgia. And of those, Arizona may be the most surprising.

It's long been considered one of the country's most stalwart Republican states, even the home

to two Republican presidential nominees. It went for Trump by about three and a half points in

2016, has a Trump-aligned Republican governor, and when it got called by the AP and Fox News for

Joe Biden on Tuesday night, reportedly caused something of an emotional meltdown among certain Trump campaign

staffers. As of right now, Biden's up by about 60,000 votes, or 1.4%, with the state's largest

county set to release more results tonight at around 9.30 p.m. Eastern. So we want to dig into what

happened in Arizona and what might happen next with a

couple of local experts. The first of them is Hank Stevenson, a reporter with the Arizona

Capital Times, an editor of the Yellow Sheet Report. What, if anything, has surprised you most

about Election Day and the following two days in Arizona?

I think the AP race call of Arizona was kind of surprising. It came very early on. I would have

expected the AP to be a little bit more cautious, given that two years ago they called our

Secretary of State's race wrong. And I'm not surprised

that it's tightening, but I am surprised that the lead outright wasn't a little bit more to give

Joe Biden a cushion. On the Senate side, Mark Kelly, I think won by about four points. Why do you

believe Biden is running behind where Kelly ran? I think that was

to be expected. And really, Martha McSally ran two years ago, lost there, was appointed to the seat,

...