Trump Victory Sends Stocks, Bitcoin, and the Dollar Soaring
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Public dot com presents the run down your daily market update in five minutes. My name is said that money and today is wednesday, november six. In today's pisos, we tell you about how the markets are reacting.

The trump winning the election, there's been so wild move so far. We also tell about apples warning to investors about their future business, then stick around at the end of them to find out how much money was spent on political ads this election season. There was a lot higher than, alright, let's go yesterday was a election day in the U.

S. And the markets rally. Both the S, M, P. And aza jumped more than one percent. IT was a pretty strong rally. And honestly, I was kind of surprised by this big move.

You know, I was expecting stocks to move sideways until after the election results, but no markets had a pretty nice rally before the polls closed. So let's talk about the election because the results seemed to be in. And Donald trump is head back to the White house.

Now we're I heard to break down the electro al maps thing, but I do want to talk about how the markets reacted throughout the night as the results started coming in. Bitcoin was a big winter. He hit a record of highs last night, hitting seventy five thousand dollars at one point. Trump embrace crypto during his campaign, so his Victory has the procris pital crowd pretty high right now on top. That media company which owns truth social was very voluntary last night.

At one point, the stock was up more than fifty percent and after hours trading, and it's currently up around thirty five percent at the time at this recording oin tesla is also all like ten percent hitting fifty week since elon and trump or boys now elon must campaign for trump band. He's expected to play a role in his administration, which has tesla investors pretty excited. And overall, look at the markets, the futures for the S N, P.

And assad are out pretty big this morning. So are pretty strong reaction by the markets for this major event. And and what's crazy that we have another major event coming up this week, obviously, it's not as big as the election, but the fed meeting kicks off today and wraps up on thursday the wrong power and the fed ganger expected to cut interest rates by twenty five basis points.

But I think more importantly, the power is going to back on that podium where is purple time and give a press conference about the feed decision and answered some questions from reporters. And I gotten feeling he can get a lot of questions about the next president. The press conference is happening at two P.

M. Eastern on thursday, so i'll definitely be tuning into that and recap in which your own power says on friday's episode. So make sure you guys catch friday's episode because is probably going to be a lot to talk about.

Let's run through some headlines and let's dive deeper into the trump trade and why stocks are lying this morning. I know like to hate on the dw a lot, but it's hard to ignore IT today because it's up more than twelve hundred right now. I mean, the dow hasn't had a thousand point moves since november of twenty two, so we could be a historic day for the double.

You know wall street is expecting trump second term to mirror his first term. So that means tax cuts, deregulation, terabits and deal making revival. Now looking back the S N P five hundred jump s seventy percent during trumps four years in office and its progress th retaliate.

Has investors confident that stocks will continue to move higher over the next four years? For example, tran proposal to cut corporate tax rates to fifteen percent would increase earnings by s and p five hundred companies by four percent. This is according to estimates from golden sex.

Now to be fair, there are some downsides. These tax cuts, tax cuts could lead to a wider budget deficit. Current s man show that trumps tax and spending plan would balloon the U.

S. Debt by seven point seven five trillion dollars over the next decade. This is according to the committee for a responsible federal budget. But I guess so far, investors seem to be OK with the trade off.

And finally, trumps amErica first economic attitude, has the dollar climbing as well to its highest level since july and and no surprise, chinese stocks are taking a hit this morning. The trump has said multiple times that he plans to implement high terabits, which could impact chinese businesses. The initial reaction by the market seem to be pretty strong.

I'm sure we'll be talking more about this over the next few weeks and months and when trump officially takes over as president on january twenty. Eth, let's shift gears from the election for a second and talk a little apple. Apple is warning investors at their future products could potentially never be as profitable as the iphone.

Apple find the annual report and under the business reception, apple says that new products and services may never replace the existing offering, and the new products may produce lower revenues and lower products margin. These are straight up apple's words, and I don't think this should be that surprising. I mean, the iphone is probably the greatest product ever created.

The smart phones in general, apples on products, they are the apple vision didn't work, but a version in late twenty twenty five. They also have the apple intelligent stuff and i'm sure that are working on some secret AR headsets as well. But as of right now, apple doesn't think that any of those products will replace the success of the iphone.

I guess this is good news for apple's competitors, meta, google and microsoft, who've been working on their own AI products and A R headsets. But like you, I don't really know how concerning this should be though, because I don't think smart phones are going away anytime soon. I think we're gona have a smart phone in our pocket for at least another fifteen, twenty years.

An apple will continue to make a tone of revenue and profit from them. Let's talk about some stocks. Making moves today are going to be talking about a lot of stocks that are reacting to the truth.

Victory bank stocks are up big this morning as investors are hoping that trump makes good on the promises that he made during the campaign trail to lower tax rates and reduce regulation in the finance industry. He also pledged to a fire sec chairman, gary gangster, or on top of that, trust policies could make IT easier for companies to acquire other companies. Again, the fc under the administrate was pretty strict when IT to blocking deals.

So more emini activity would also be good for these banks. As a result, banks across the board or ob J P. Morgan is up six percent, city bank is up eight percent, golden is up seven percent, well as far goes up nearly ten percent, and Morgan stanly is up nine percent.

So big day for banks. On the flip side, solar stocks are getting crushed this morning as investors are worried that trump, second term as president, will hurt investments in clean energy. A drop has said on the campaign trail that he would repeal the inflation reduction act, which has been big for pushing investment and clean energy like solar panels, through tax credits.

If the inflation reduction does get repealed, solar energy could take a hit. That's why solar stocks across the border down this morning, solar panel manufacturer first solar is down fourteen percent. Other solar companies like sun run and sn ova are down, closed to twenty percent.

I also wanted to mention super microsoft continues to be free fall IT has done to do with the trump Victory p but more so about their earnings, the reported earnings last night and the numbers were so great, their sales came in below analysts expectations. Supermen ros res are down fifteen percent in pre market trading. I mean, this super micros stock has been in free fall over the last few weeks, down more than forty percent as they deal with an accounting scandal.

And we think you're prety bad for them. okay? The auditor, earthing Young, resigned last week that you know things at once wrap with a fun fact, over twelve billion dollars were spent on political ads this election season. That's a thirty three percent more than the twenty twenty election season.

And what's crazy that one billion dollars alone were spent on ads was in the last week, know a big sports fan, and I can definitely feel IT, because any time I tried to watch football or basketball over the last few weeks, I was just get hit with political ads after political ads. And I even live in a bowl ground states. I can imagine what I was like in pennsylvania or michigan.

But now that the election is over, we could finally watch sports again without hearing the ominous music and narrow that we get in those political attack. Keds, I think it's the same ador in editor doing all these ads. Well, alright guys that still run down for today.

Hope you guys enjoying today's episode. Remember, we still have a lot more action this week with the fed meeting coming up. We're still the middle of season a on to keep recap in the markets and trying to provide a little humor along the way if you guys enjoy toys eps.

So consider me as a five star rating on apple and spotify. And if you have a one extra second, consider leaving as a comment on spotify, leave a review on apple vote. I pull all that engagement really helps us out. Thank you guys again for listening. Shout out to mike and corner for all the help behind the scenes guys back here tomorrow.

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