But that has not stopped president from from coming out to address his supporters at the white house this has been one of the most divisive and unpredictable u. S. Elections in memory and even though trump initially trailed biden he quickly picked up Electoral College votes theres no clear winner yet we have just learned that arizona is going to joe biden lets cross over to rob reynolds in los angeles in california hes following the returns on the west coast and rob we were speaking 56 minutes ago about the importance of arizona and then moments later the flip happened tell us more. Yes and the important part is one of the important aspects is that this is a flip this is joe biden taking away a state that was won by President Trump in 2016 and its all the more remarkable because arizona has always been one of the most rock ribbed republican states in the union it is the home state of Barry Goldwater who considered the founder of the modern conservative movement although some of the dev
For those not voting this year you can call us at 202 . 488003 we begin with a story from the Associated Press this morning about early voting. A record avalanche of early votes has transformed the 2020 election. You can see pictures of folks voting in durham, North Carolina for the beginning goes like this. More than 22 million americans have already cast ballots in the 2020 election. A record shattering avalanche of early votes. The pandemic has transformed the way the nation votes. 22. 2 million, thats as a friday night, ballots submitted, representing 15 of all votes cast in the 2016 election. Even as eight states are not yet reporting their totals and voters still have more than two weeks to cast ballots. Americans rushed to vote, leading that a record of 150 million votes may be cast and turnout rates could be higher than any president ial election since 1908. The story goes on to say that so far, the turnout has been lopsided with democrats out in 42 republicans by 21 states. Re
Quorum be dispensed with. The presiding officer without objection. Mr. Schumer well, mr. President , for more than a year and a half, leader mcconnell and Senate Republicans have refused to take action on the housepassed for the people act. At a time when our democracy is under siege in so many ways, the for the people act is a bold proposal that will restore Peoples Trust in our democratic system, a trust that is fading. It is under it is for the people. In order to make a more perfect union. It would shore up our elections from threats from abroad. Thats something we have just recently read more and more about. Why arent we doing more on that . In fact, when senator van hollen a few days ago put on the floor the an act u. C. Of an act that would say russia should have sanctions imposed on it if they interfere with our elections, the other side blocked it. I hope theyre not following Donald Trumps obeisance to russia and his view that putins just okay. It would also dismantle systemat
Veterans day as we thank those who served us in the past and continue to serve us today im becky quick along with joe kernen along with Andrew Ross Sorkin things are in the green once again. Looks like the dow is indicated up by about 181 points and if we were to open at these levels and hold it through the session, you would be looking at the dow closing at a record high it has been up six out of the last seven sessions. Up another 626 points yesterday. Dow futures are up, s p futures up by about 26 and then the nasdaq, which has been the weaker part over the last several sessions, down more 1 , actually indicated higher today as well. Up by about 130. The bond market today the is closed in ob sservance of veters day. Well talk with David Petraeus later this morning andrew thanks. And an important day in the United States of course. But there is also a holiday going on in china, very different kind of holiday, made up of a shopping a made up shopping holiday i should say called single
Big internet companies, that was the worst sector yesterday. Investors bidding those higher into earnings. One note, something that is not different, supporting the idea fundamentally nothing has changed, investors looking past it, we have a lower low on the s p 500. Sharply,ave oil down heading to the worst week since april. Commodities, and wrist asset down in a bait way. David to add one further complicate in fact are, look at the 10 year. We are above 80 basis points again. That is a risk on reaction. How does that fit with commodities . Abigail great question. You have bond selling off. The 10 year yield back in the top part of this years range, suggesting it will make a move for 1 . That will be wrist on because it would mean investors going out of bonds and could also pressure stocks. On the week, bonds are rallying. On the week we have a big haven bid, big haven bid for the dollar. The dow and s p 500 heading for the worst week since march. We also have crude oil down in a big