Showing posts with label U.S. Elections Top. Show all posts
Showing posts with label U.S. Elections Top. Show all posts
Tuesday, November 8, 2016
Donald Trump wins US presidential race: AP
Republican Donald Trump bested expectations on Tuesday to win the 2016 US presidential elections, stumping Democratic rival and former secretary of state Hillary Clinton, according to the Associated Press.
Trump, the 70-year-old Republican nominee, was elected the 45th president of the United States after securing 276 electoral votes over Clinton's 218, according to the AP count.
It was an unexpected turnout as Clinton had been strong since the start of the primaries. But Trump, who has never held an elective post, came out of nowhere to challenge Clinton in a divisive general election.
On July 20, Trump was proclaimed the Republican Party's standard-bearer after beating out 16 candidates and snagging majority of the delegates.
Since then, he has been sparking controversies left and right with his rhetoric on Muslims, Hispanics and women, to name a few, alarming many people on both sides of the fence.
He most famously talked about building a wall to stop illegal immigration, calling illegal immigrants from Mexico rapists and most recently boasting in a video how he groped women.
Despite these, many Americans said they prefer the unfiltered candidate over the embattled New York lawmaker.
Clinton championed equality, women's rights and universal healthcare, among other issues. Over the course of the campaign, however, she was haunted by her controversial use of a private email server during her time as secretary of state, with the FBI going back on forth on its investigation into the matter.
Clinton was named on July 28, 2016 as the Democratic Party's first ever woman nominee for president after getting 2,842 votes to Vermont Senator Bernie Sanders' 1,865.
The 2016 race was the most bruising in modern memory.
Barack Obama's election eight years ago as the nation's first black president had raised hopes of uniting Americans, but the current contest has only highlighted the country's divisions -- and the fact that voters are not necessarily happy with their options.
Exit polls by ABC News and NBC News found that both Clinton and Trump are seen as untrustworthy by majorities of voters, while most find Trump's temperament unpresidential. With Agence France Presse
source: www.abs-cbnnews.com
Trump within reach of shock White House win
NEW YORK - Billionaire populist Donald Trump was poised for a possible shock victory over Hillary Clinton in Tuesday's historic US presidential election, as a string of swing state victories for the Republican jolted world markets and stunned her supporters.
As polls closed and media called state races one-by-one, giving the key battleground states of Ohio, Florida and North Carolina to the Republican maverick, pollsters scrambled to update their forecasts and point to an improbable upset.
Clinton -- the 69-year-old Democratic former first lady, senator and secretary of state -- began the day as the narrow favorite to win the White House and become America's first female president.
But Trump's string of successes reflected how deeply divided the American electorate has become, and showcased his ability to tap into white blue-collar voters' resentment of cultural change linked to immigration and the loss of manufacturing jobs at home.
World markets plunged as US observers awaited results from the Rust Belt state of Pennsylvania, the northeastern state of New Hampshire, and the northern states of Michigan and Wisconsin -- all now vital to Clinton's hopes.
Mexico's peso plummeted over fears that Trump will make good on his vow to wall off America's neighbor to the south.
Safe haven assets rallied, with the yen and gold rushing higher, and Wall Street futures fell 3.7 percent in after-hours trade. Asian markets were in turmoil, with Indian stocks dropping six percent.
Clinton supporters who had gathered at a glittering reception in New York expecting to hear a victory speech from Clinton fell quiet and jabbed nervously at their phones.
Major donors had tears in their eyes as they stared stupefied at the screens, and an audible gasp filled the room when North Carolina went into Trump's win column.
"Not great," muttered railroad retiree Joan Divenuti, who came all the way from Massachusetts to cheer her heroine. "Florida was always a problem," she added.
Across town at the Trump election party, the 70-year-old property tycoon's supporters -- a more well-heeled crowd than the blue-collar Midwesterners he is counting on for victory -- cheered and pumped their fists at each advance.
"I think we're going to win," said 22-year-old Brendon Pena, who works for a company that leases office space in the soaring Trump Tower.
"I was always positive. I think Donald Trump is a really smart guy. He knows what we're going to do and we're going to win the election."
At 11:30 pm (0430 GMT), Trump was projected to win 24 states worth 229 electoral college votes, within striking distance of the 270 he needs.
Clinton stood at a projected 209 electoral votes.
- 'Whatever happens, thank you' -
This team has so much to be proud of. Whatever happens tonight, thank you for everything. pic.twitter.com/x13iWOzILL
— Hillary Clinton (@HillaryClinton) November 9, 2016
On the legislative side, the Republicans were on course to retain their majority in the US House of Representatives, according to network projections -- a situation that has been a thorn in the side of incumbent President Barack Obama.
Clinton tweeted: "This team has so much to be proud of. Whatever happens tonight, thank you for everything."
She and her husband, former president Bill Clinton, huddled in a hotel near the venue to prepare a victory -- or concession -- speech.
Earlier, the Clintons voted near their home in Chappaqua, before emerging to shake hands and chat with the crowd.
An exit poll by CNN found that only four in 10 voters were optimistic that Obama's successor would do any better than he has during his two terms in office.
Trump, 70, cast his ballot alongside his wife Melania in a Manhattan school gymnasium.
"Right now it's looking very good," he told reporters -- paying no heed to protesters who welcomed him with chants of "New York hates you!"
- Tough contest -
The 2016 race was the most bruising in modern memory.
Obama's election eight years ago as the nation's first black president had raised hopes of uniting Americans, but the current contest has only highlighted the country's divisions -- and the fact that voters are not necessarily happy with their options.
Exit polls by ABC News and NBC News found that both Clinton and Trump are seen as untrustworthy by majorities of voters, while most find Trump's temperament unpresidential.
But his supporters flocked to the polls.
"It's unbelievable. I didn't know Trump was really going to pull it off," said Glenn Ruti, a New Yorker who works in telecommunications.
"I think he's going to go all the way. The country wants change."
source: www.abs-cbnnews.com
Dollar turns tail as Trump edges ahead in fiercely contested US election
Dollar tumbles as Trump seen favored in Florida
Dollar/yen slides 2.5 pct, euro/dollar up 1.3 pct
Mexican peso tumbles, Swiss franc rallies
TOKYO - The dollar tumbled more than two percent versus the yen at one point and turned tail against other major peers in volatile trade on Wednesday, as Republican presidential candidate Donald Trump edged ahead of Democratic rival Hillary Clinton in a tight U.S. election battle.
Trump held slight leads in the vital battleground states of Florida, Virginia and Ohio, clinging to a narrow advantage over Clinton in key states that could decide their race for the White House.
The dollar was down roughly 2.5 percent at 102.430 yen in a volatile day that also saw it rise to 105.480 earlier.
The dollar fell 1.2 percent against the Swiss franc, another safe-haven, at 0.9660 franc.
"The catalyst behind the dollar's slide was reports that put Trump ahead of Clinton in the battleground state of Florida," said Junichi Ishikawa, senior forex strategist at IG Securities in Tokyo.
"Risk aversion is in the air with equities tumbling."
The Mexican peso was volatile, with U.S. currency moving up 6.5 percent to 19.49 pesos.
Recently, the peso had suffered deep losses when the likelihood of a Trump victory appeared high. Trump has pledged to renegotiate the North American Free Trade Agreement (NAFTA) with Mexico and Canada, a move that could damage the economies of the export-heavy nations.
Investor anxiety has deepened in recent weeks on the prospect of a Trump victory as the controversial businessman, an anti-establishment political novice, is seen as a risk to global growth as he has pledged to renegotiate trade deals, impose high import tariffs and stirred fears of a currency war with China.
The Republican candidate has also stoked uncertainty over his stance in foreign policy and immigration, while Clinton is seen as a safe pair of hands and a candidate of the status quo.
Both candidates scored victories in states where they were expected to win. Trump captured conservative states in the South and Midwest, while Clinton swept several states on the East Coast and Illinois in the Midwest.
But Trump's slight edge in Florida, Virginia, North Carolina and Ohio gave him an early advantage in the state-by-state fight for 270 Electoral College votes needed to win.
The euro was up 1.3 percent at $1.1163.
The Australian dollar, sensitive to shifts in risk appetite, fell 0.8 percent to $0.7698.
Sterling was up 0.5 percent at $1.2341.
(Editing by Richard Pullin & Shri Navaratnam)
source: www.abs-cbnnews.com
Clinton, Trump notch early wins in US polls
NEW YORK - Hillary Clinton and Donald Trump locked up their first state wins Tuesday as polling stations closed in the eastern United States, with the world waiting anxiously to see who will head to the White House.
Some 200 million Americans were asked to make a historic choice -- between electing the nation's first woman president, or handing the reins of power to a billionaire populist who has upended US politics with his improbable outsider campaign.
With voting over in a handful of states and Americans queueing to cast their ballots farther west, television networks called Indiana, Kentucky and West Virginia for the Republican Trump, and Vermont for the veteran Democrat.
None of these early results were a surprise and all eyes were fixed on key swing states like Florida or Pennsylvania that will likely decide the result of the long, bruising contest for the right to lead the world's biggest economy.
Clinton went into the day with a slim opinion poll lead and a more obvious route to winning the key states that will decide the electoral college.
But at the venue where Trump will hold his planned victory party in New York, supporters were upbeat, expressing confidence that he would stage a major political upset.
"We feel very good about where we are right now, about the turnout numbers we're seeing in record numbers in the areas we need," said John Fredericks, Trump's Virginia state chairman.
From crowded Manhattan to Virginia horse country to balmy California, long lines snaked into the streets outside polling stations.
"Hillary, she has a history," said Charmaine Smith, 50, a retail manager as she cast her ballot in Harlem. "All Trump has is the bullying."
An hour's drive north, a crowd of admirers chanted "Madam President" as Clinton and her husband Bill, the former president, voted near their home in Chappaqua, before emerging to shake hands and chat with the crowd.
"So many people are counting on the outcome of this election, what it means for our country," the 69-year-old secretary of state said. "And I'll do the very best I can if I'm fortunate enough to win today."
An exit poll by CNN however found that only four in 10 voters were optimistic that incumbent president Barack Obama's successor would do any better than he has during his two terms in office.
'DON'T LET UP'
Trump, 70, cast his ballot alongside his wife Melania in a Manhattan school gymnasium.
"Right now it's looking very good," he told reporters -- paying no heed to protesters who welcomed him with chants of "New York hates you!"
But as the clock ticked down towards the close of polling, the Republican issued a last-minute appeal to voters, especially in Florida -- without which his path to the presidency is slim at best.
"Don't let up, keep getting out to vote - this election is FAR FROM OVER! We are doing well but there is much time left. GO FLORIDA!" Trump tweeted -- looking to garner 11th hour votes.
MARATHON CAMPAIGN
The 2016 race was the most bruising in modern memory.
Obama's election eight years ago as the nation's first black president had raised hopes of uniting Americans, but the current contest has only highlighted the country's divisions -- and the fact that voters are not necessarily happy with their options.
Exit polls by ABC News and NBC News found that both Clinton and Trump are seen as untrustworthy by majorities of voters, while most find Trump's temperament unpresidential.
Most voters told ABC that the economy was the most important issue or them, but were evenly divided on which candidate would handle it better, so the final result may come down to turnout.
The exit polls, and reports coming in from polling stations around the country, suggested that Latino turnout was high and that this would favor Clinton over the anti-immigration candidate, Trump.
Trump's campaign spooked world markets seeking stability after the recent global slowdown, but stocks rose for a second straight day Tuesday on the expectation that Clinton will prevail.
At the closing bell, the S&P 500 closed up 0.4 percent.
'LA SENORA'
A polling average by tracker site RealClearPolitics gave Clinton a 3.3-percentage point national lead, but Trump had the advantage in several of the swing states that he must conquer to pull off an upset.
Early voting has shown particular enthusiasm among Hispanic voters, an increasingly influential voting bloc whose strong turnout could shape Tuesday's results.
In the heavily Latino neighborhood of East Los Angeles, Mexican-Americans Margarito Salinas, 88, and friend Guadalupe Cobian, 64 said their choice was an easy one.
"That guy is a Nazi," Salinas said of Trump. "My vote is for La Senora."
Clinton conducted six radio interviews in the lull after casting her ballot, when candidates suddenly have hours of downtime following a non-stop campaign that ended in the early hours of Tuesday.
She has urged citizens to vote for a more "big-hearted" America.
"I hope to be remembered as someone who began to help heal our country, to overcome the divide, the very unfortunate feeling that a lot of people have that this election was very much filled with nastiness and negativity," she told WOKQ.
NEVADA LEGAL CHALLENGE
Trump pressed his message with voters who feel left behind by globalization and social change, wrapping up with a flourish in Michigan after midnight and predicting a historic upset.
"Today the American working class is going to strike back, finally," he said.
Even then, questions remain. Trump has repeatedly claimed Democrats and the media are seeking to rig the race and said last month that he may not accept the result if he thinks voting is unfair.
Asked at his polling place whether he would concede if networks call the election for Clinton, Trump said: "We'll see what happens."
source: www.abs-cbnnews.com
Stock market leans towards Clinton win
LONDON - The dollar steadied after initial losses on Tuesday as investors bet on victory for Hillary Clinton in the U.S. presidential election that would avert a widely predicted slide for the greenback if rival Donald Trump were to win.
Markets broadly have turned away since the weekend from the Trump-driven "risk-off" plays that knocked the dollar last week, helped by an all-clear in an FBI investigation of Clinton's use of personal email while secretary of state.
A Trump victory would come as a shock, as the market is pricing in less than a 30 percent chance of that happening. But investors were still mindful of the precedent of Britain's referendum on EU membership in June, which confounded the polls by delivering a shock vote for Brexit.
More broadly, a Trump victory would be expected to drive capital into the perceived security of the Japanese yen and Swiss franc, and to a lesser extent into the euro. Both fell against the dollar in morning trade in Europe.
"We've seen the dollar supported this morning, with expectations for the election dominating," said Clara Leonard, an FX strategist with French bank BNP Paribas in London.
The dollar, steadily on the rise in recent months, dipped just over 2 percent against the basket of currencies that measures its broader strength after a surge for Trump in the polls 10 days ago.
Data from exchange-traded funds provider ETF Securities showed its mostly retail client base had moved $51 million out of long positions in the dollar - or bets on it to rise - in the past month. Last week's outflow was the biggest since early July, it said.
The dollar index was flat on the day on Tuesday at 97.585. It was up around a quarter of a percent at 104.76 yen and steady against the euro at $1.1040.
"Versus the yen the market pricing is for a 3-4 percent fall on a surprise outcome," said Josh O'Byrne, a currency strategist with U.S. bank Citi in London.
"All the volatility is priced on that side ... but it doesn't feel like it will have quite as much of an impact as the Brexit vote, at least for G10 currencies."
Sterling sank by more than 10 percent in the aftermath of Britain's vote to leave the EU.
CHINA WEAKNESS
Elsewhere, a bigger than anticipated dip in China's exports and imports knocked as much as a third of a percent off the Australian dollar, pointing to weak domestic and global demand in the biggest buyer of Chinese commodities.
China's renminbi was also nearing 6.80 per dollar and is expected to suffer badly if Clinton wins.
"The China economy remains stagnant,"said Masashi Murata, senior currency strategist at Brown Brothers Harriman in Tokyo.
"The renminbi is likely to continue to drop against the U.S. dollar and the euro due to capital outflows and the negative outlook for the Chinese economy."
Japanese Finance Minister Taro Aso said on Tuesday that Tokyo would need to respond to currency market moves if results of Tuesday's U.S. election were to cause a sudden spike in the yen.
"I won't comment on results of other country's elections. But if it were to affect currencies, we would need to watch and respond, as stability in currencies is always important," Aso told reporters after a cabinet meeting.
source: www.abs-cbnnews.com
Monday, November 7, 2016
U.S. dollar strengthens as election seen swinging toward Clinton
NEW YORK - The dollar rose on Monday after the FBI decided that U.S. Democratic presidential nominee Hillary Clinton will not face criminal charges, which was seen as a boost to her chances of winning Tuesday's contest with Republican rival Donald Trump.
The greenback gained 0.77 percent against a basket of currencies after getting hammered last week when FBI Director James Comey said the agency was looking at another large batch of Clinton emails, strengthening chances of a Trump victory, an outcome that was seen as likely to send shock waves through markets.
The Federal Bureau of Investigation said late Sunday it stood by its earlier finding that no criminal charges were warranted against Clinton for her email practices. The announcement sent the dollar surging against the yen and the euro, and offered relief to the Mexican peso.
"It's all the election. It's all the Comey letter," said Joseph Trevisani, chief market strategist at Worldwide Markets in Woodcliff Lake, New Jersey, referring to the currency moves.
"Markets want continuity and essentially they want what they have priced in and both point towards Clinton. That's why markets are reacting to anything that boosts Clinton's chances by taking back some of the selloff from the past week or so."
Some analysts treated the election outcome with caution after the British vote to leave the European Union in June took markets by surprise and sent them into disarray.
"Brexit was a hard lesson for many, and it's still in the recent memory," Oanda senior market analyst Craig Erlam said.
Erlam added the dollar's recovery might be muted by speculation that Clinton is not out of the woods yet.
"It's hard to know what damage the reopening of the investigation did to Clinton's chances," he said.
Owing to Trump's stance on immigration, foreign policy and trade, the Mexican peso has taken a heavy hit, down at one point in September by as much as 17 percent against the dollar since he won the Republican nomination in July.
Boosted by the FBI's most recent decision, the peso gained as much as 2.5 percent to hit a 12-day high of 18.55 per dollar.
The dollar was up 1.3 percent at 104.50 yen. It declined to 102.550 against the safe-haven Japanese currency last week as polls showed a tightening U.S. presidential race.
The euro fell 0.7 percent against the dollar to $1.1056. Sterling also slipped against the dollar, falling 0.9 percent to $1.2408.
source: www.abs-cbnnews.com
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