Trump capitalized on widespread dissatisfaction with the direction of the country and the incumbent administration, offering a promise of change. He improved his support among working-class voters, including Black and Latino men, and maintained or even increased his support among women voters.
Stocks rallied, the dollar strengthened, and Treasury prices fell as investors anticipated policies under a second Trump presidency, such as tariffs, tax cuts, and increased government borrowing.
Potential candidates include billionaire investor John Paulson, investor Scott Bessant, and former U.S. trade representative Bob Lighthizer.
Musk's companies, including SpaceX, Starlink, and Tesla, have significant government contracts and could benefit from increased government spending and reduced regulations under a Trump administration.
The first positions to be announced are likely to be Treasury Secretary and Chief of Staff. Potential Chief of Staff candidates include Susie Wiles and Burke Rollins.
Trump improved his support among working-class voters, particularly among Black and Latino men, and maintained or increased his support among women voters.
Trump has promised sweeping tariffs, more tax cuts, and could inherit a strong economy, although these policies would require Congressional cooperation.
The Democratic Party is likely to undergo internal recriminations and debates about their failure to appeal to a majority of American voters, similar to the aftermath of the 2016 election.
P.M. Edition for Nov. 6. WSJ senior political correspondent Molly Ball) on Donald Trump’s win). And Republicans might also win control of the U.S. House of Representatives and the Senate, but who will execute Trump’s agenda? WSJ reporter Andrew Restuccia) discusses the names on the short list. Plus, the Journal’s Emily Glazer) explains why Trump’s victory could also be a win for Elon Musk’s companies). Tracie Hunte hosts.
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