Want to know who will win the US election? Take a look at the stock market
Want to know who will win the United States presidential election? Take a look at the stock market. Of course, there is no crystal ball to tell us who will prevail on November 5. The polls, as much as they can be trusted, show Vice President Kamala Harris and former President Donald Trump running neck and neck in what many observers believe could be the closest election in decades. Even so, the performance of US stocks has an uncanny track record of predicting the outcome of presidential elections. Since 1928, the S&P 500 – which tracks the performance of 500 of the largest firms listed in the US – has pointed to the winner in 20 out of 24 elections, according to an analysis by financial services company LPL Financial. When US stocks were up during the three months before election day, the incumbent party kept the White House on 12 out of 15 occasions. And the party in power lost eight out of the last nine times that the market was in negative territory leading up to the vote. It is not a bad track record as forecasting models go. With less than two weeks until the election, the S&P 500 is up a healthy 11.8 percent since early August. Assuming US stocks do not take a dramatic tumble in the final days of the campaign, the historical trend clearly favours Harris. However, caveats abound. Unfortunately for Harris, voters do not appear to associate the stock market’s strong performance with the economy doing well. While an estimated 61 percent of Americans own shares, a large segment of voters has no exposure to the market. In an Associated Press-NORC Center for Public Affairs Research poll released this week, 62 percent of registered voters, including overwhelming majorities of Republicans and independents, rated the state of the economy as “bad”. On the plus side for Harris, voters expressed growing confidence in the Democrat’s ability to handle economic issues, suggesting that Trump’s once-clear advantage on the economy has all but disappeared. The prevailing gloom is despite the fact that, by most metrics, including gross domestic product (GDP) growth and the unemployment rate, the US economy is performing at a level that would be the envy of most developed countries. One of the most plausible and frequently offered reasons for the negative sentiment is that consumers are weary of higher prices – even though inflation, which last month fell to 2.4. percent, is now close to the Federal Reserve’s target after surging during the COVID-19 pandemic. While wages have been growing faster than inflation for well over a year, they have still not grown enough to fully offset the rise in the cost of living since the pandemic. Whereas prices rose about 20 percent between January 2021 and June of this year, wages only increased 17.4 percent, according to an analysis by Bankrate using Department of Labor statistics. Although wage growth has continued to beat inflation since then – coming in at 4.2 percent versus 2.6 percent during July-September – Bankrate predicts that the post-pandemic gap will not fully close until the second quarter of 2025. No matter how many positive economic statistics are rolled out to tout the current administration’s record, consumers are reminded that prices for everyday items cost considerably more than they used to every time they are at the supermarket checkout. Another good reason to be cautious about reading too much into the stock market’s predictive powers is that we appear to be living in an era of politics that does not follow any rulebook. Much as his 2016 victory smashed numerous precedents, Trump’s very place on the Republican ticket, in spite of four criminal indictments, numerous scandals and years of negative media coverage, is a challenge to conventional wisdom. Indeed, the last time the S&P 500 failed to predict the next occupant of the White House was the most recent election. After presiding over a 2.3 percent market gain, Trump lost to President Joe Biden. Adblock test (Why?)
Boeing workers vote to reject wage deal, extend strike
Nearly two-thirds of workers reject offer that includes a 35 percent pay rise. Boeing workers on the West Coast of the United States have voted to reject the aircraft giant’s latest contract offer and extend their nearly six-week strike. Nearly two-thirds of workers rejected the offer, which included a 35 percent wage rise over four years but did not restore a defined pension plan sought by many employees, the Seattle branch of the International Association of Machinists and Aerospace Workers union said on X. IAM District 751 President Jon Holden said the union had made “tremendous gains” in negotiations but had not gone far enough to meet members’ demands. “Senior members with decades of experience, new members with a few months, and members from different backgrounds all stood together to support each other. I’m proud of you and your strength,” Holden said in a statement. “This membership will continue to stand on the line, picketing for the contract they deserve. There is much more to do, and we will work to get back to the bargaining table. Our members’ voices will be heard.” About 33,000 workers have been on strike since mid-September when union members overwhelmingly rejected Boeing’s proposal for a new four-year contract. The industrial action has brought operations to a halt at two Boeing factories in the Seattle area that produce the 737 Max and 777, depriving the company of much-needed cash from its aviation business. The union vote is another blow to Boeing after a difficult year that has thrust longstanding concerns about safety and quality standards at the aircraft maker into view. The company has been under investigation by multiple agencies since an incident in January in which a 737 Max plane operated by Alaska Airlines lost a door panel while in mid-flight. On Wednesday, the company reported a third-quarter loss of more than $6bn. Boeing stock dropped 1.76 percent after the latest results, adding to a slump that has seen its share price fall nearly 38 percent so far this year. Adblock test (Why?)
2024 MLS Cup: Playoffs, schedule, brackets, Messi, teams, players, final
EXPLAINER What’s the difference between the Supporters’ Shield and the MLS Cup? Which teams have qualified? Al Jazeera explains. The 2024 Major League Soccer (MLS) season in North America is heading towards its conclusion, with the region’s top club football teams vying for a chance to lift the coveted MLS Cup. The 2024 tournament is expected to attract a wider global audience with the inclusion of football icon Lionel Messi’s team, Inter Miami, who have qualified for the playoffs for the first time. Here’s everything you need to know about the MLS Cup: How does the MLS season work? The 29 MLS teams are divided into two conferences – eastern and western – and play a series of home and away matches in a league format, known as the regular season. The team at the top of the league at the end of the regular season is awarded the Supporters’ Shield – won by Messi’s Inter Miami in 2024 – and the league then moves towards the MLS Cup. What’s the MLS Cup and what’s its format? Known as the pinnacle of the North American football season, the MLS Cup crowns the MLS champion after a series of knockout games – known in North American sports as playoffs. The top seven teams from each conference automatically make it to the playoffs. The eighth club in each conference is determined through a wildcard playoff between the next two sides in each conference, respectively. How do the MLS Cup Playoffs work? The playoffs are played by conference and the eastern and western winners then meet for the MLS Cup final at the end of the season. In the quarterfinals of each conference, teams must win a best-of-three series of matches to advance. There are no aggregate scores and no ties at that stage. The team that finishes higher in the league hosts the first match. In the case of a draw, the game goes directly to penalty kicks – no extra time. The conference semifinals, finals and MLS Cup final return to the single-game format with possible extra time before penalties. These games will be hosted by the higher-seeded club. What’s the schedule of MLS Cup Playoffs? First round (best of three series): Saturday, October 26 to Sunday, November 10 Conference semifinals: Saturday, November 23 and Sunday, November 24 Conference finals: Saturday, November 30 and Sunday, December 1 Final: Saturday, December 7 Which teams are in the MLS Cup Playoffs? Eastern Conference: Inter Miami Atlanta United Orlando City Charlotte FC FC Cincinnati New York Red Bulls NYCFC Columbus Crew Western Conference: LA Galaxy LAFC Seattle Sounders Houston Dynamos Colorado Rapids Real Salt Lake Minnesota United Vancouver Whitecaps FC Who are the five top players to watch in the MLS Cup 2024? Lionel Messi (Inter Miami): 20 goals, 16 assists Luis Suarez (Inter Miami): 20 goals, 9 assists Luciano Acosta (FC Cincinnati): 14 goals, 19 assists Denis Bouanga (LA FC): 20 goals, 11 assists Cucho Hernandez (Columbus Crew): 19 goals, 14 assists How have the teams been drawn in the MLS Cup Playoffs bracket? The draw for the eight best-of-three quarterfinal games looks like this: Eastern bracket: Inter Miami vs Atlanta United Orlando City vs Charlotte FC FC Cincinnati vs NYCFC Columbus Crew vs New York Red Bulls Western bracket: LAFC vs Vancouver Whitecaps FC Seattle Sounders vs Houston Dynamos Real Salt Lake vs Minnesota United LA Galaxy vs Colorado Rapids Need a goal or assist? Messi led the way. 🐐 pic.twitter.com/EfIgIO94hM — Major League Soccer (@MLS) October 22, 2024 ‘Transformational’ moment: Lionel Messi set for Inter Miami debut What’s the venue of the 2024 MLS Cup final? By winning the Supporters’ Shield, Inter Miami have won the right to host the final as long as they remain in contention for the title-deciding match. Should Miami get knocked out before the final, the team with the next best in-season [league] record that remains in the MLS Cup will host the final. Will Lionel Messi play for Inter Miami in the MLS Cup Playoffs? The Argentinian superstar has been in scintillating goal-scoring form for Inter Miami since his return from injury and is expected to lead them in the best-of-three knockout games against Atlanta United. What’s ‘Messi Cam’ and how I can watch it? While on the field playing during Miami’s MLS Cup games, the forward will wear a special camera on his shirt, which will relay his every move on a TikTok livestream on the MLS and Inter Miami channels. Adblock test (Why?)
J-K: CCTV grab of Pheran-clad terrorist allegedly involved in Gagangir attack emerges, probe underway
The sources said such rifles have been reportedly used by terrorists in attacks on security forces in the Pir Panjal region, which is about 200 km from the site of the attack.
Delhi Air Pollution October 24: AQI remains in ‘very poor’ category for third straight day, slips to 340
The previous day, October 23, Delhi registered the worst air quality in India, with several areas reaching ‘severe’ pollution levels, as reported by the Central Pollution Control Board.
‘Admires dictators’: Harris continues comparing Trump to Hitler during battleground state town hall
Vice President Kamala Harris joined CNN in Pennsylvania for a town hall with undecided voters on Wednesday, where the Democratic presidential nominee doubled down on her rhetoric comparing former President Donald Trump to Nazi Germany dictator Adolf Hitler. “If the president of the United States, the commander in chief, is saying to his generals, in essence, ‘Why can’t you be more like Hitler’s generals?’ Anderson, come on. This is a serious, serious issue. And we know who he is. He admires dictators, sending love letters back and forth with Kim Jong-Un,” Harris said of Trump on Wednesday evening in a town hall moderated by CNN’s Anderson Cooper. Earlier Wednesday, former Trump administration chief of staff John Kelly claimed to the media that Trump praised “Hitler’s generals” for their loyalty. Harris posted on X that Trump is “out for unchecked power” before also comparing Trump to the Nazi dictator. “Donald Trump is out for unchecked power. He wants a military like Adolf Hitler had, who will be loyal to him, not our Constitution,” Harris posted to X earlier Wednesday. “He is unhinged, unstable, and given a second term, there would be no one to stop him from pursuing his worst impulses.” HARRIS DOUBLES DOWN ON ‘FASCIST’ COMMENTS AT START OF CNN TOWN HALL: ‘UNSTABLE’ Cooper pressed Harris about the rhetoric in his first question to the Democratic nominee on Wednesday evening, sparking Harris to double down and also say she believes that Trump is a “fascist.” “You quoted General Milley calling Donald Trump a fascist. You, yourself, have not used that word to describe him. Let me ask you tonight, do you think Donald Trump is a fascist?” Cooper asked Harris towards the start of the town hall. “Yes, I do. Yes, I do,” Harris responded. Harris’ comments come after Trump survived two assassination attempts on his life since July. Trump has blamed the attacks on heated rhetoric from Democrats. HARRIS LIKENS TRUMP TO HITLER IN SCATHING REMARKS, SAYS HE WANTS SAME MILITARY LOYALTY AS GERMAN DICTATOR Harris spoke directly to the undecided battleground state voters during the live town hall Wednesday, including telling one voter that if she wins on Nov. 5, her administration will be different than Biden’s. “Considering you’ve been in the position of vice president for the past four years under the Biden administration, how can we expect you to deviate from the direction of that administration compared to your own? How can we differentiate your policy and your beliefs from that of Biden’s?” the audience member asked Harris. Harris, who has previously said while on the campaign trail that she couldn’t think of anything she would have done differently from Biden, said Wednesday that her administration would be different than Biden’s leadership. HARRIS-TRUMP SHOWDOWN: NEW NATIONAL POLL SHOWS WHO HAS THE EDGE 2 WEEKS FROM ELECTION DAY “First of all, my administration will not be a continuation of the Biden administration. I bring to this role my own ideas and my own experience. I represent a new generation of leadership on a number of issues, and believe that we have to actually take new approaches,” Harris said. “For example, what we talked about in terms of housing. My experience that leads to that priority, includes what I did to take on the big banks around the foreclosure crisis. When I brought billions of dollars to homeowners that were the subject of predatory lending. I know what homeownership means to the American people, not to mention what it meant to my mother, who worked very hard and saved up, so that by the time I was a teenager, she was able to buy our first home.” The town hall event kicked off at 9 pm on Wednesday from Chester Township, which is located less than 20 miles outside of Philadelphia. The event was held after CNN proposed holding a third presidential debate — including Biden’s first debate before dropping out of the race — on Oct. 23. Harris accepted the invite and Trump declined, leading to the town hall. HARRIS STUMBLES ON THE BORDER WHEN PRESSED ON ILLEGAL IMMIGRATION: ‘IS A BORDER WALL STUPID?’ Harris was also pressed about her border and immigration policies, including a bipartisan bill that would provide funding for a border wall that Harris previously lambasted as a “stupid” idea when promoted by Trump during his administration. “Let’s talk about this compromise bill that you want to pass if you are elected. You said that’s going to be a priority. It includes $650 million in funding for the border wall. That’s something Republicans wanted, that was part of the compromise. Under Donald Trump, you criticized the wall more than 50 times. You called it ‘stupid, useless, and a medieval vanity project.’ Is a border wall stupid?,” Cooper asked Harris. “Let’s talk about Donald Trump and that border wall,” Harris said while laughing. “So remember, Donald Trump said Mexico would pay for it. Come on, they didn’t. How much of that wall did he build? I think the last number I saw was about 2%. And then when it came time for him to do a photo op, you know, where he did it? In the part of the wall that President Obama built.” “But you agreed to a bill that would earmark $650 million to continue building that wall,” Cooper pressed. “I pledge that I am going to bring forward that bipartisan bill to further strengthen and secure our border. Yes, I am, and I’m going to work across the aisle to pass a comprehensive bill that deals with a broken immigration system,” Harris responded. “We need a president who is grounded in common sense and practical outcomes, like, let’s just fix this thing. Let’s just fix it. Why is there any ideological perspective on this? Let’s just fix the problem,” she continued, adding that non-citizens need to “earn” citizenship. “So you don’t think it’s stupid anymore?” Cooper continued. “I think what he did and how he did it was, did not make
‘Long power cuts, high…’: Arvind Kejriwal warns against voting for BJP in upcoming Delhi Assembly polls
Addressing a gathering during the campaign, Kejriwal also asked the people not to pay their water bills if they are “inflated” and he would get those waived off. “However, you will have to pay those bills if the BJP comes to power,” he said.
Former president Donald Trump to make stop in Austin on Friday
The GOP presidential nominee will hold a press conference and appear on Joe Rogan’s podcast during his first visit to the capital since 2022.
Harris stumbles on the border when pressed on illegal immigration: ‘Is a border wall stupid?’
Vice President Kamala Harris stumbled through the Biden-Harris administration’s border and immigration policies when pressed about the border crisis during a CNN town hall moderated by Anderson Cooper. “Let’s talk about this compromise bill that you want to pass if you are elected. You said that’s going to be a priority. It includes $650 million in funding for the border wall. That’s something Republicans wanted that was part of the compromise. Under Donald Trump, you criticized the wall more than 50 times. You called it ‘stupid, useless, and a medieval vanity project.’ Is a border wall stupid?,” Cooper asked Harris Wednesday. “Let’s talk about Donald Trump on that border wall,” Harris said while laughing. “So remember, Donald Trump said Mexico would pay for it. Come on, they didn’t. How much of that wall did he build? I think the last number I saw was about 2%. And then when it came time for him to do a photo op, you know, where he did it? In the part of the wall that President Obama built.” “But you agreed to a bill that would earmark $650 million to continue building that,” Cooper pressed. OBAMA CLAIMS TRUMP ‘DID NOT SOLVE’ IMMIGRATION ‘PROBLEM.’ THE NUMBERS TELL A DIFFERENT STORY “I pledge that I am going to bring forward that bipartisan bill to further strengthen and secure our border. Yes, I am, and I’m going to work across the aisle to pass a comprehensive bill that deals with a broken immigration system,” Harris responded. “We need a president who is grounded in common sense and practical outcomes, like, let’s just fix this thing. Let’s just fix it. Why is there any ideological perspective on this? Let’s just fix the problem,” she continued. Vice President Kamala Harris joined CNN for a town hall event Wednesday evening, speaking to Pennsylvania voters outside of Philadelphia. The town hall event kicked off at 9 pm on Wednesday from Chester Township, which is located less than 20 miles outside of Philadelphia. Cooper asked Harris earlier in the town hall to explain why just weeks before the first presidential debate with President Biden was still in the race this summer, the administration instituted executive actions that curbed illegal border crossings and had not issued such orders sooner. ‘UTTER BETRAYAL’: NEW REPORT REVEALS DHS OFFICIAL USED SOCIAL MEDIA TO PROMOTE ILLEGAL IMMIGRATION “You’re exactly right, Anderson. And as of today, we have cut the flow of immigration by over half. In fact, the numbers I saw most recently, illegal immigration,” Harris told Cooper. “If it was that easy without executive action, why not do it in 2022, 2023?” Cooper pressed. “Because we were working with Congress and hoping that actually we could have a long term fix to the problem instead of a short-term fix,” Harris responded. MIGRANTS CAUGHT AT BORDER BUSED, FLOWN OUT OF SAN DIEGO IN POSSIBLE ‘COVER UP’ BEFORE ELECTION: OFFICIAL “You couldn’t have done one and both at the same time,” Cooper noted. Cooper went on to ask Harris if she wished she had “done those executive orders in 2022, 2023,” sparking Harris to say she believes the administration “did the right thing.” CLICK HERE TO GET THE FOX NEWS APP “I think we did the right thing. And but the best thing that can happen for the American people, is that we have bipartisan work happening. And I pledge to you, that I will work across the aisle to fix this longstanding problem. I think the American people are demanding it, on both sides of the aisle,” she responded. Get the latest updates from the 2024 campaign trail, exclusive interviews and more at our Fox News Digital election hub.
Trump blasts Harris over Hitler comparison, rips his former chief of staff: ‘LOWLIFE’
Former President Donald Trump hit back at remarks made by Vice President Harris on Wednesday in which she compared the Republican presidential nominee to Adolf Hitler while referencing comments made by a former Marine general who served under the Trump administration. During a press conference Wednesday at the official vice presidential residence in Washington, Harris amplified the claim of former Trump White House Chief of Staff John Kelly, who said Trump wanted “Hitler’s generals.” Harris said her GOP opponent is “unhinged” and seeks “unchecked power.” “It is clear from John Kelly’s words that Donald Trump is someone who, I quote, ‘certainly falls into the general definition of fascists,’ who in fact vowed to be a dictator on day one and vowed to use the military as his personal militia to carry out his personal and political vendettas,” Harris said. HARRIS LIKENS TRUMP TO HITLER IN SCATHING REMARKS, SAYS HE WANTS SAME MILITARY LOYALTY AS GERMAN DICTATOR Harris also took to social media on Wednesday to further push her rhetoric, comparing Trump to Hitler. “Donald Trump is out for unchecked power. He wants a military like Adolf Hitler had, who will be loyal to him, not our Constitution,” Harris tweeted Wednesday. “He is unhinged, unstable, and given a second term, there would be no one to stop him from pursuing his worst impulses.” Trump responded to Harris’ remarks while also attacking Kelly’s reputation. “Thank you for your support against a total degenerate named John Kelly, who made up a story out of pure Trump Derangement Syndrome Hatred! This guy had two qualities, which don’t work well together. He was tough and dumb,” Trump wrote. “The problem is his toughness morphed into weakness because he became JELLO with time! The story about the Soldiers was A LIE, as are numerous other stories he told. “Even though I shouldn’t be wasting my time with him, I always feel it’s necessary to hit back in pursuit of THE TRUTH,” he added. “John Kelly is a LOWLIFE, and a bad General, whose advice in the White House I no longer sought, and told him to MOVE ON! His wife once told me, at Camp David, John admires you tremendously, and when he leaves the Military, he will only speak well of you. I said, Thank you!” THERE ARE ‘TREMENDOUS ENEMIES WITHIN’ THE US, ITS POLITICAL SYSTEM: ERIC TRUMP Trump’s campaign provided a statement to Fox News Digital on the matter. “Kamala Harris is a stone-cold loser who is increasingly desperate because she is flailing, and her campaign is in shambles. That is why she continues to peddle outright lies and falsehoods that are easily disproved,” Trump campaign communications director Steven Cheung said. “The fact is that Kamala’s dangerous rhetoric is directly to blame for the multiple assassination attempts against President Trump, and she continues to stoke the flames of violence all in the name of politics. She is despicable, and her grotesque behavior proves she is wholly unfit for office.” Billionaire Elon Musk commented about Harris’ post on X, saying, “Major incitement to violence against @realDonaldTrump.” FORMER PRESIDENT TRUMP CALLS THE ‘ENEMY FROM WITHIN’ MORE DANGEROUS THAN ANY FOREIGN ENTITY Kelly, a retired Marine general who worked for Trump in the White House from 2017 to 2019, told the New York Times and The Atlantic that the Republican presidential nominee meets the definition of a fascist, and while in office, Trump suggested Hitler “did some good things.” Earlier in the day, Trump called Kelly a “total degenerate” who has “Trump Derangement Syndrome.” Trump also took digs at Harris earlier in the day. GET THE FOX NEWS APP BY CLICKING HERE “Kamala Harris did NOTHING as 120,000 Armenian Christians were horrifically persecuted and forcibly displaced in Artsakh,” he wrote. “Christians around the World will not be safe if Kamala Harris is President of the United States. When I am President, I will protect persecuted Christians, I will work to stop the violence and ethnic cleansing, and we will restore PEACE between Armenia and Azerbaijan.” Fox News Digital’s Danielle Wallace and The Associated Press contributed to this report.