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Morning Brew Daily

Markets React to Donald Trump's Presidential Win & Wellness Industry Booms to $6.3T

Morning Brew Daily

Morning Brew

Business, News, Business News

4.43K Ratings

🗓️ 6 November 2024

⏱️ 28 minutes

🧾️ Download transcript

Summary

Episode 447: Neal and Toby recap market reactions from Trump’s 2024 presidential victory, including Trump Trades soaring, Tesla and bank stocks surging from a boost of potential deregulations. Also, is the clean energy business in jeopardy? Meanwhile, the global wellness industry reaches a record high of $6.3T thanks to its very broad definition of “wellness”. Next, Walmart rolls out new tech that can unlock security cases for items using the cellphone. Lastly, other headlines including Palantir crushing its Q3 earnings, Oregon remains No. 1, Home Depot founder passes at 95, and move over, Moo Deng, it’s Baby Haggis time.  Subscribe to Morning Brew Daily for more of the news you need to start your day. Share the show with a friend, and leave us a review on your favorite podcast app. Download the Yahoo! Finance App (on the Play and App store) for real-time alerts on news and insights tailored to your portfolio and stock watchlists. Get your Morning Brew Daily T-Shirt HERE: https://shop.morningbrew.com/products/morning-brew-radio-t-shirt?_pos=1&_sid=6b0bc409d&_ss=r&variant=45353879044316  Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Good Morning Beer Daily Show. I'm Neil Fryman. And I'm Toby Howell. Today, we have a winner in the presidential election. Donald Trump is headed back to the White House. Then how markets are reacting to the incoming administration. It's Wednesday, November 6th. Let's ride. Former President Trump can soon drop the former.

0:23.9

About a half hour ago at around 5.30 a.m. Eastern time, news outlets projected that he was elected

0:29.8

as the 47th president of the United States in a historic political comeback. It's an unprecedented

0:35.7

or nearly unprecedented victory. At 78, Trump is the

0:39.6

oldest person ever to win a U.S. presidential election. He's the first president in 132 years

0:45.4

since Grover Cleveland to serve two non-consecutive terms in office. And he's also the first

0:51.1

president, current or former, to be convicted of crimes.

0:59.4

And we will dig into all the results and all the reactions from markets in just a bit.

1:02.1

But first, a word from our sponsor, Yahoo Finance.

1:06.9

Neil admits all the uncertainty of an election night, it's great to have a partner like Yahoo Finance.

1:11.5

They can help you cut through all the noise so you can make sense of a volatile time for stocks.

1:15.1

Maybe it's reading a news story or digging into some of their analyst ratings.

1:18.9

Whatever you need, they're a trusted place to navigate the market right now.

1:22.6

Yep, and they can feel like a rocky time for you and your portfolio, but Yahoo! Finance can help you find that stable ground by getting you the news and real-time market data.

1:27.5

You need to make the best decisions possible.

1:30.0

So head to Yahoofinance.com to see more of what they have to offer.

1:33.8

Okay, let's dive into the results of this election and what it could mean for business and the

1:38.1

economy.

1:38.8

As we record this at 6 a.m. Eastern, Trump has won 277 electoral votes, putting him over the 270 threshold

1:46.7

needed to win. Kamala Harris, a Democrat, has 224. She was aiming to become the first

1:53.1

woman president of the United States, but like Hillary Clinton before her in 2016, lost to

1:57.9

Trump. Polls showed this race being a coin flip, but in the end, Trump blanketed the

...

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