Donald Trump declares victory in the US election as he addresses jubilant supporters in Florida.
“America has given us an unprecedented and powerful mandate,” he says to cheering crowds.
The Republican has picked up the battleground states of Pennsylvania, North Carolina and Georgia, leaving Kamala Harris with only a narrow path to victory.
Just before Donald Trump began speaking, Fox News projected that he had won the election; other US TV networks are yet to do so.
A return to the White House would be an extraordinary comeback for Trump after he lost to Joe Biden in 2020.
Kamala Harris’s campaign says she won’t speak today, as dejected supporters left her watch party earlier.
Meanwhile, Republicans are projected to take back the Senate.
Most probably Donald Trump will be the next president of the United States. He will be only the second man in history to serve two non-consecutive terms as president.
At 78 years old, Donald Trump is facing multiple scandals over his career, multiple court cases – criminal and civil, a conviction, a sentencing in three weeks’ time, and escaping death but a fraction from an assassin’s bullet.
However, it looks like a majority of the American people to send him back to Washington into the White House.
Stocks around the world are rising as Donald Trump appears to be on the cusp of winning back the White House in the US presidential race.
The main stock indexes across Asia were mostly higher on November 6, while the US dollar was also up.
The result of the election is expected to have a major impact on the global economy.
According to a projection from CBS, the Republican Party is set to take control of the Senate but there are still votes left to count.
In Japan, the benchmark Nikkei 225 stock index ended the session up by 2.6%, while Australia’s ASX 200 closed 0.8% higher.
In mainland China, the Shanghai Composite Index was flat, while Hong Kong’s Hang Seng was down by around 2.5%.
The major US stock indexes also appeared to be set to open sharply higher. That came after the Dow Jones Industrial Average, S&P 500 and Nasdaq all closed more than 1% higher on November 5.
The world’s largest cryptocurrency, Bitcoin, also jumped to a record high of more than $75,000.
Image source: Max Pixel
The US dollar was up by more than 1.5% against a basket of other major currencies, including the euro, pound and the Japanese yen.
Tesla’s Frankfurt-listed shares rallied over 14% at the open on November 6. Elon Musk, Tesla’s top shareholder, has supported Trump throughout his electoral campaign.
Donald Trump has said he would dramatically increase trade tariffs, especially on China, if he became the next president.
The former president’s more isolationist stance on foreign policy has also raised questions about his willingness to defend Taiwan against potential aggression from China.
Taiwan is a major producer of computer chips, which are crucial to the technology that drives the global economy.
Meanwhile, Donald Trump’s tax-cutting agenda has also been broadly welcomed by big American companies.
If Kamala Harris wins investors expect her trade and foreign policies to be a continuation of Joe Biden’s more predicable approach.
A potential Harris administration is also seen as more likely to tighten regulations on industries like banking and healthcare.
The Democratic party’s renewable energy policies could also boost electric vehicle companies and solar firms.
Investors also have other key issues to focus on this week.
On November 7, the US Federal Reserve is due to announce its latest decision on interest rates.
Comments from the head of the central bank, Jerome Powell, will be watched closely around the world.
On November 8, top Chinese officials are expected to unveil more details about Beijing’s plans to tackle the slowdown of the world’s second largest economy.
Donald Trump has won Pennsylvania, North Carolina and Georgia and taken a lead over Kamala Harris in most of the other four battleground states that will decide the winner of the US presidential election, CBS projects.
According to CBS, Wisconsin is leaning towards Donald Trump and he is ahead in the other so-called Rust Belt state of Michigan. The results are not final.
Incomplete returns also suggest Donald Trump has a lead in Nevada, while the race remains tight in the other sun belt battleground of Arizona.
In more good news for Trump’s fellow Republicans, the party is projected to win majority control of the Senate.
As expected, Donald Trump has swept conservative strongholds from Florida to Idaho, while Kamala Harris won liberal states from New York to California, CBS projects.
Kamala Harris was expected to spend election night at Howard University in Washington DC, where she was an undergraduate, but it emerged after midnight that she would not attend.
Following the announcement by campaign co-chairman Cedric Richmond, the crowd all but disappeared from Harris HQ at the historically black college.
The party-like atmosphere of a few hours earlier at Howard had already turned sour as two swing states were called for Donald Trump.
Donald Trump was expected to appear shortly at his campaign watch party in West Palm Beach, Florida, where the mood was celebratory.
Elon Musk, the world’s richest man and Trump mega-donor, is spending election night with the Republican nominee. The billionaire posted a photo showing him locked in discussions with Trump overnight.
The result appears to be moving towards a seismic political comeback for Donald Trump.
The Republican may also have a friendly Congress with which to push his agenda though, Congress, with both chambers also up for grabs in Tuesday’s vote.
CBS projects Republicans will win control of the Senateafter wresting two seats in West Virginia and Ohio from the Democrats and beating off a stiff challenge in Texas.
Neither party seemed to have an overall edge in the House, which Republicans narrowly control.
Around 86 million voters cast their ballots early amid one of the most turbulent campaigns in recent American history.
Kamala Harris, 60, only became the Democratic Party candidate in July, after President Joe Biden withdrew from the race under pressure from within the party.
Donald Trump, 78, was the target of two assassination plots – narrowly avoiding a sniper’s bullet in Pennsylvania.
Donald Trump would become the first president to win non-consecutive terms in more than 130 years. He is also the only president to be impeached twice and the first former president to be criminally convicted.
The president, who faces intense scrutiny over alleged Russian interference in support of his presidential bid, made the claims in a series of tweets on March 4.
Image source Wikipedia
Donald Trump offered no evidence to support his allegation that phones at Trump Tower were tapped during his campaign.
White House press secretary Sean Spicer went on to say there had been “very troubling” reports “concerning potentially politically motivated investigations immediately ahead of the 2016 election”.
All the evidence indicates the answer is no. A spokesman for former President Barack Obama said Donald Trump’s allegation charge was “simply false”.
A warrant, if it existed, would most likely have been ordered by the DoJ independently of the White House.
The only way Barack Obama could have ordered surveillance without going through the Foreign Intelligence Surveillance Act (FISA) court is if there was no US citizens involved.
In this case, considering the target is allegedly Trump Tower in New York – which would definitely have involved American citizens – this would have been hard to argue.
James Clapper, who was director of national intelligence under President Obama, has categorically denied a FISA court order existed.
Leading Democrats have called on the White House to produce evidence to support Donald Trump’s claim.
Meanwhile, the White House has called on Congress to investigate whether the Obama administration had abused its powers.
Both Congress and the FBI are currently investigating contacts between the Trump election campaign and Russian officials, after US intelligence agencies assessed that Russia had interfered with the election to help Donald Trump win against his Hillary Clinton.
The Electoral College was set up by the US founding fathers as a compromise between allowing Congress and the people to elect the president.
Technically, Americans cast votes on Election Day for electors, not the candidates themselves.
The electors are mostly elected officials or party functionaries whose names are not on the ballot. They are generally unknown to the public apart from one or two exceptions such as former President Bill Clinton, who was a New York elector in 2016.
There are 538 electors in all, one for each member of Congress. A candidate needs to take at least 270 electoral votes – half of the total plus one – to win the White House.
In 2016, Donald Trump won 306 electors from 30 states.
If no candidate reaches 270 in the Electoral College, the House of Representatives must vote on the next president.
Democratic presidential hopeful Hillary Clinton has called Republican presumptive nominee Donald Trump “dangerously incoherent”.
Hillary Clinton said Donald Trump was unfit to be president and his election would be a “historic mistake”.
Donald Trump hit back, saying Hillary Clinton “no longer has credibility – too much failure in office”.
Outside Donald Trump’s rally in San Jose, California, anti-Trump protesters clashed with his supporters in one of the worst such confrontations so far.
Several of the billionaire’s supporters were punched, one was pelted with eggs and others were spat at, reports said.
In a boost for Donald Trump, House Speaker Republican Paul Ryan has endorsed Donald Trump’s candidacy.
Paul Ryan had previously refused to back Donald Trump and his support is the latest sign Republicans are unifying around their nominee.
He wrote in a column in his hometown Gazette newspaper in Wisconsin: “We have more common ground than disagreement.”
Paul Ryan also attacked Hillary Clinton saying: “A Clinton White House would mean four more years of liberal cronyism.”
In her speech Hillary Clinton, who is fighting Bernie Sanders for the Democratic nomination, rejected Donald Trump’s foreign policy points, and called him thin-skinned, irrational and unprepared.
Hillary Clinton defended the Iran nuclear deal and said a Trump presidency could start overseas wars and ruin the US economy.
“This isn’t reality television, this is actual reality,” she said.
Hillary Clinton also said someone like Donald Trump could not be in charge of the country’s nuclear codes and that his proposals were vague and often nonsensical.
She said his anti-Muslim rhetoric and talk of American isolationism bolstered ISIS and argued against his disdain for Mexico and Mexican immigrants coming into the country.
Questioning Donald Trump’s relationship with Russian President Vladimir Putin, Hillary Clinton said: “I’ll leave it to a psychiatrist to explain his affection for tyrants.”
Bernie Sanders has vowed to keep fighting for the nomination until the party’s convention in July, despite Hillary Clinton’s strong delegate lead.
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