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Added on the 02/11/2020 10:36:51 - Copyright : Wochit
Business Insider reports that President Donald Trump is reportedly crafting a made-for-TV White House exit on Inauguration Day. According to Axios, Trump is plans to depart to Florida on Air Force One to have a rally at the same time that Joe Biden is sworn in at a socially-distanced inauguration in Washington, DC. This could break with Inauguration Day traditions on January 20, designed to showcase a peaceful transfer of power and the stability of US democracy. Last week, Biden said that he didn't care if Trump skipped out on his inauguration, hopes that he would display a peaceful transfer of power. Since losing the election, Trump has refused to concede to Biden or invite him to the White House. He believes that the election was rigged due to a conspiracy, in which he has not provided proof.
The Daily Beast is reporting that Donald Trump is considering hosting a campaign event for a 2024 presidential bid in January. The event might fall on the same day as President-elect Joe Biden's inauguration on January 20. The Daily Beast cited sources close to the president. They reported that Trump is attempting to stay relevant even as the world prepares for a Biden administration. Business Insider reports the discussions of a 2024 campaign event mark the latest move in Trump's attempt to derail the start of Biden's presidency.
A record-shattering 100 million Americans cast their ballots in the 2020 general election before polls opened Tuesday. CNN reports the millions of mail-in ballots are expected to lead to a delay in the counting of votes once the polls close. Nevertheless, President Donald Trump has continued to falsely claim that the count is supposed to be completed by Election Night. His stance is politically beneficial because more GOP voters are expected to show up on Election Day, while more Democrats are expected to vote through the mail. Even before polls opened on Election Day, both presidential camps were gearing up for legal confrontations. The changes to voting rules due to the pandemic sparked a litany of court cases over rules related to voting and the counting of ballots.
US stock markets opened with optimism Tuesday, as tens of millions of Americans head to the polls to decide who will be the next US president. According to Markets Insider, analysts say the upward bounce was a reaction to the end of the uncertainty surrounding who will get the top job. Fundstrat's Tom Lee said in a note to clients on Tuesday that the result would rally stocks, regardless of who won. If Democratic nominee Joe Biden wins, Lee expects a 10% rally. A surprise win for President Donald Trump could jolt stocks 15% to 17% higher. Asset manager BlackRock says that from ending political gridlock to producing sorely needed stimulus packages, the outcome could trigger an upturn.
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