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Wall Street Breakfast

Trump wins presidential election

Wall Street Breakfast

Seeking Alpha

Business News, News, Business, Investing

4.11K Ratings

🗓️ 6 November 2024

⏱️ 6 minutes

🧾️ Download transcript

Summary

Donald Trump tops 270 electoral votes to win 2024 presidential election. Recreational marijuana initiatives fail in Florida, North Dakota. (00:28) Spirit AeroSystems (SPR) warns of ability to continue as going concern amid cash crunch. (02:14) iRobot (IRBT) to cut another 16% of workforce as part of operational restructuring. (03:01)

Episode transcripts seekingalpha.com/wsb.

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Transcript

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0:00.0

Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

0:08.0

Good morning. Today is Wednesday, November 6th. I'm Julie Morgan.

0:13.0

The results are in on the race for president as well as recreational weed in Florida and in North Dakota.

0:20.0

Spirit Aerosystems warns of its ability to continue as

0:23.6

a going concern, and I Robot is cutting more jobs. The voters have spoken. Just as I cracked open the mic to record,

0:33.3

the AP called the race for president. Donald Trump has been elected as the 47th president of the

0:39.4

United States. For more election 2024 coverage, including the race for president, be sure to check

0:45.5

out the Wall Street Breakfast newsletter, our daily one-page news summary. ballot initiatives in Florida

0:51.9

and North Dakota that would have allowed the recreational use of cannabis by adults have failed.

0:57.4

The measure in South Dakota has not been called at last check with 80% of the vote in.

1:02.8

57% were opposed while 43% were in favor.

1:07.6

In Florida, to win, the initiative needed at least 60% of votes in favor, with 99% of

1:13.8

precincts reporting just shy of 56% of voters backed legalization. The initiative's rejection is

1:20.3

considered a victory for Governor Ron DeSantis, who had campaigned against it. President-elect

1:26.3

Donald Trump has said he favored the measure.

1:29.1

Medical marijuana is still legal in the state. In North Dakota, with 99% of precincts in,

1:35.6

47% of votes favored legalization, while 53% were opposed. A medical marijuana initiative was on

1:43.9

the ballot in Nebraska. It passed with

1:46.0

70% of voters in favor of legalization. True Leaf Cannabis, which is based in Florida's capital

1:52.6

of Tallahassee, had contributed the most to the legalization campaign in the state. Cureleaf Holdings

1:58.8

was another significant contributor. Seeking Alpha has the

2:02.5

perfect way for you to stay informed about the world of cannabis. It's the Cannabis Investing

...

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