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Good morning and welcome again to FirstFT. Immediately we’re protecting:
After a tumultuous marketing campaign that has seen two assassination makes an attempt, a candidate withdraw and months of deadlocked polls, we now have lastly made it to voting day.
After coming into the race for the White Home solely in July after President Joe Biden withdrew, Kamala Harris made her last pitch to voters outdoors the Philadelphia Museum of Artwork in Pennsylvania. She gave voters an upbeat message and referred to as on them to again her “recent begin” for America.
Donald Trump was additionally in Pennsylvania, the most important prize of the seven swing states, on the ultimate day of campaigning the place he centered on his key themes of the financial system and immigration. He promised supporters in Pittsburgh a brand new “golden age” earlier than ending his marketing campaign in Grand Rapids, Michigan, at 2am.
Each candidates revealed last-minute endorsements to cheering supporters. Harris was backed by rapper Fats Joe, whose dad and mom are of Puerto Rican and Cuban descent. He referred to as on Latinos to vote for Harris.
Trump, in the meantime, was backed by podcaster Joe Rogan, who has a big, younger male following, and Fox Information host Megyn Kelly on the Pittsburgh rally.
Within the closing days of campaigning the Harris camp has been lifted by polling that means assist from late-breaking undecided voters, significantly ladies who have been flocking to her and the message on reproductive rights. Trump, then again, has tapped into male anxieties and grievances to construct up a powerful lead amongst male voters.
What to look out for as outcomes are available in: Expect a long evening. Polls will begin closing at 6pm Japanese time (11pm GMT), with the final polls closing at midnight ET in Alaska. Information businesses will undertaking outcomes for every state, not only for the presidency but in addition for races within the Home of Representatives and Senate. The winner wants 270 of the 538 electoral faculty votes to clinch the presidency. The FT will likely be following the outcomes as they’re introduced on this live map.
However we might not have a transparent consequence for a number of days. Every of the swing states counts votes at completely different speeds, with Arizona, for example, estimating it might take 10 to 13 days to report full outcomes. Razor-thin margins might result in recounts, and authorized challenges could drag out the process. Simply after midnight native time, the tiny hamlet of Dixville Notch, New Hampshire, grew to become the primary to declare outcomes, with Trump successful three votes and Harris successful three.
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And right here is extra evaluation, together with on how authorities are braced for the prospect of civil unrest, the company winners and losers and Mohamed El-Erian on the five crucial economic areas for the incoming president.
Right here’s what else we’re watching as we speak:
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Outcomes: Apollo International, Ferrari, Burger King proprietor Restaurant Manufacturers and commodities group ADM report outcomes.
5 extra high tales
1. Boeing staff have voted by 59 per cent to assist an improved pay provide and finish their strike. The commercial motion, which started on September 13, has value Boeing an estimated $50mn a day and halted manufacturing of the 737 Max at Boeing’s Washington factories. Here’s more on the terms of the deal.
2. Shares in Palantir Applied sciences surged as a lot as 15 per cent in after-hours buying and selling yesterday as Peter Thiel’s information analytics group reported document quarterly earnings and raised its income forecast, citing excessive demand for its synthetic intelligence software program. Read the full story.
3. Ukrainian officers stated yesterday that their forces had fired at North Korean troopers for the primary time because the latter’s deployment by Russia to its western Kursk area. The clashes mark the primary direct intervention by a overseas military since Russia’s full-scale invasion of Ukraine started in 2022. We have more updates.
4. Taiwan’s hovering power costs and rising outages are affecting TSMC, the world’s largest chipmaker. Following a sequence of worth will increase, the corporate now expects to pay extra for energy in its house nation than wherever else. Here’s how Taiwan’s shaky energy transition is straining its industry.
5. Lawsuits over selections taken by earlier governments in Argentina, from expropriations to modifications to bond funds, are winding their manner via courts within the US and Europe, and plaintiffs are piling strain on the federal government of Javier Milei to barter. Billions of {dollars} in damages are at stake and will complicate the president’s makes an attempt to fix the country’s struggling economy.
The Huge Learn
Over the previous three years, Europe’s largest financial system has slowly however steadily sunk into disaster. Germany has seen no significant quarterly actual GDP development since late 2021, and annual GDP is poised to shrink for the second yr in a row, with the automobile, chemical compounds and engineering sectors all in a hunch. What is occurring proper now’s “unprecedented”, one analyst stated, and “of a completely different order of magnitude” from earlier crises.
We’re additionally studying . . .
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Israel unbound: Buoyed by navy positive factors, Israeli Prime Minister Benjamin Netanyahu now desires to dismantle Iran’s forces throughout the Center East and reshape the region.
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Chinese language property: After a greater than three-year slowdown, there are some signs of life within the nation’s actual property market. However interviews in six cities present there are lingering doubts about its longer-term prospects.
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Commerce coverage: Politicians attain simply for tariffs, however issues reminiscent of local weather change and inequality have more effective but less popular solutions, writes economist Minouche Shafik.
Chart of the day
The frenzied contest between Trump and Harris, and Joe Biden earlier than her, has generated reams of knowledge, shedding gentle on US public opinion and voter attitudes on all the pieces from the financial system and overseas coverage to the candidates’ character. Here are seven charts that have defined the 2024 presidential election.
Take a break from the information
In tribute to Quincy Jones, the legendary US musician and producer whose loss of life was introduced yesterday, we’re sharing an interview from 2012. Jones talked about his work with a few of the hottest artists of the twentieth century, together with Michael Jackson and Frank Sinatra, and revealed how he learnt cockney rhyming slang from the actor Michael Caine.
