Friday, November 8th, 2024 - Biden urges calm; Trump’s new team; Fed cuts rates; Musk gains billions; Giuliani asset seizure; Charges in Liam Payne’s death

Morning Announcements

Today’s Headlines: Republicans gained control of the Senate as David McCormick flipped Pennsylvania, giving the GOP 53 seats, with two races still undecided. The House is leaning Republican, currently at 210 GOP to 198 Democrat seats. President Biden addressed the nation, urging calm and a peaceful transition of power. Trump’s second term is shaping up, with Susie Wiles named Chief of Staff and plans for mass deportation despite the projected $300 billion cost. The Fed cut interest rates by 0.25% as inflation continues to ease. Meanwhile, California and other states are preparing legal defenses to protect state rights under Trump’s administration. Elon Musk’s net worth surged $26.5 billion post-election, along with other billionaires. Rudy Giuliani was ordered to surrender assets, including his Manhattan penthouse and luxury items, to cover a defamation judgment owed to Georgia election workers. Finally, in Argentina, three people face charges connected to the recent death of Liam Payne.

Resources/Articles mentioned in this episode:

• NY Times: Presidential Election Results Map: Trump Wins
• CBS News: Biden speaks to nation after Harris' loss to Trump: "We accept the choice the country made"
• WA Post: Trump makes first key appointment, taps Susie Wiles for White House chief of staff
• Barrons: Trump Suggests He Will Speak To Russia's Putin: NBC News
• Politico: Trump says mass deportations will have ‘no price tag’ - Live Updates
• CNN: The world’s 10 richest people got a record $64 billion richer from Trump’s reelection
• AP News: Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty
• AP News: California governor calls special session to protect liberal policies from Trump presidency
• AP News: Defiant Giuliani says he's a victim of 'political persecution' as he's told again to give up assets
• AP News: Argentine prosecutors charge 3 people linked to the death of former One Direction star Liam Payne

Morning Announcements is produced by Sami Sage alongside Bridget Schwartz and edited by Grace Hernandez-Johnson

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