2016 Presidential Election Live Blog
Stocks edged higher as polls indicated Clinton leading Trump in the presidential race. The MSCI All Country World Index increased 0.5 percent as of 1 p.m. in New York, Bloomberg reports. The S&P 500 added 0.6 percent to 2,144.06 alongside a 0.3 percent gain in the Stoxx Europe 600 Index. The MSCI Emerging Markets Index rose as well.
U.S. stocks pulled back in the morning as polling started for the 2016 Election. After advancing 2.2 percent yesterday on FBI’s latest comments on the Clinton emails, the S&P 500 retreated 0.2 percent to 2,127.02 as of 9:40 a.m. in New York, according to Bloomberg.
“Democracy doesn’t come cheap,” TIME Money’s Brad Tuttle reports. Candidates who lost in the primaries had poured over $300 million dollars into the election, and both Hillary Clinton and Donald Trump had spent billions campaigning in this presidential race. When it comes to Election Day, the voting process is also costing voters, American businesses and local governments. Expenses incurred include productivity costs, extra hours off for employees to go out to vote and additional miles driven to polling stations.
Long lines could result in dire, long-term consequences on voters. After waiting for hours just to vote, people might give up voting in the future, Emily Badger reports in The NYTimes. Minority communities are more likely to wait longer than communities that are predominantly white. Lines are also forecasted to cost a billion dollars in lost wages.
Warren Buffett is picking up voters, Democrat or Republican, to the ballot booths as part of his Drive 2 Vote campaign, FOX 42 reports.
U.S .opponents worldwide including Russia, China and Iran seize the opportunity on Election Day to criticize American democracy and the Western political system, says The Financial Times.
“This was the dirtiest campaign in US history,” says Dmitry Kiselev, TV star and chief Russian propagandist.
“The ugliness of American-style democracy has been thoroughly exposed,” Xinhua, China’s official press agency, reports.
How will the markets react to the vote? Look beyond stocks, bonds and currencies to see where oil prices are heading. Brent crude, currently around $46 a barrel, could drop to $43 tomorrow on a Trump victory but could rise to $48 if Clinton wins, J.P. Morgan analysts say and WSJ reports. Still, opposition to international trade and a “lack of clarity” in Trump’s policies could hurt the global economy, potentially hurting oil prices. Election aside, latest developments at the OPEC still have the strongest influence on oil supply and prices.
Long line outside a polling station on the Upper East Side, NYU Business and Economic Reporting Graduate Student YIFAN YU tweets. More Election Day stories coming from UpstartCity reporters.
New Yorkers’ sentiment about Election Day are laid out on the front page of today’s papers, @TIME magazine, @TIMEPolitics writer Sam Frizell tweets.
Stay alert as you cast your ballot at the polling station today. David Leonhard from The NYTimes casts light on “The Real Voter Fraud.” Over the past few weeks, federal judges have intervened to help thousands of citizens vote amid potential incidents of voter fraud.
It can take you two hours to vote at a polling station in NYC, NYU professor Jay Rosen tweets.
Bogged down by too much election news on your Twitter feed or Facebook wall? Or stuck in a long line waiting to vote? Take a break and look at baby animal pictures posted by The Denver Post.
Where will U.S. 10-year yields be moving after the election? Bloomberg surveys forecast that treasury yields will fall on a Trump victory (by the most since the Brexit vote in June) or remain at similar levels if Clinton wins.
Fox News is broadcasting its election-night coverage from Studio F, the TV station’s new “toy” that cost as much as $30 million dollars, Business Insider reports.
While Donald Trump and Hillary Clinton are catching almost all the attention in this presidential race, don’t forget about President Obama — read Fox News’ analysis on Obama’s legacy concerning issues from the Affordable Care Act to illegal immigrants deportation.
What’s the timeline on Election Day from the time polls open to when votes are tabulated? Check out Politico’s “How to watch Election Day like a pro” guide.
Woodlawn Cemetery in the Bronx is expected to attract visitors posting “I Voted!” stickers next to the grave sites of four female suffrage leaders: Elizabeth Cady Stanton (Susan B. Anthony’s friend), Carrie Chapman Catt, Mary Garrett Hay and Alva Vanderbilt Belmont, The NYTimes says.
“Out of our polls, Trump!” a topless woman shouted at the polling station in Manhattan where Donald Trump will be voting later today, The Hill reports.
Donald Trump thinks polls are “purposely wrong” and is positive about North Carolina, Florida, Iowa, Ohio, New Hampshire and Wisconsin (things will be “interesting” in Michigan, too), Bloomberg reports.
Take note of the lines outside poll stations, early vote and absentee voting: Tim Kaine spread the good news about huge voter turnout, from Bloomberg.
Even the homeless view this election as important and many plan to vote, NYTimes says.
Stay safe at the poll station as you cast your ballots. Intimidating voters and you risk breaking the federal law, The Washington Post reports.
It’s Election Day but we’re not just voting for President. Check out CNN’s list of important initiatives concerning gun control, marijuana, drug pricing, minimum wage and more.
