Election Uncertainty No Loss for Markets, and Three Big Ballot Box Winners

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 4 November 2020

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks soared the day after the election, despite there being no clear answer yet on the Presidential race. Plus ballot initiatives in several states on the gig economy, marijuana, and sports betting getting stocks moving today. What those votes mean for your money.

Transcript

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0:00.0	I'm Melissa Lee and this is Fast Money, tonight's Trader Line up by Tommy Tim Seymour,
0:05.2	Dan Nathan and James McDonald's CEO Hercules Investments.
0:08.3	Tonight on Fast, the post-election pop.
0:10.7	Stock surge as results roll in.
0:12.6	We'll break down what drove today's big rally and find out if we are headed for even
0:16.5	more gains.
0:17.5	Plus we're tracking the after-hour action and shares a Qualcomm that stock is soaring on strong
0:21.4	results.
0:22.4	We've got instant reaction to the quarter
0:23.8	and later. You're talking cars, casinos, and cannabis. The three big wins at the
0:28.5	ballot box and how you can trade them. But we start off with the latest breaking
0:32.3	news on the election.
0:33.7	NBC News is projecting Biden winning Michigan at key battleground state and
0:38.0	one that President Trump won in 2016.
0:40.8	This brings Biden's total electoral votes to 253, 214 for President Trump.
0:47.0	But there are still six uncalled races in several key battleground states that are still too close to call Pennsylvania, Georgia, North Carolina,
0:55.2	Arizona, Nevada.
0:57.2	Arizona moments ago, Joe Biden delivered a speech in Wilmington, Delaware, Dionne Olic was there.
1:02.1	Diana.
1:03.0	Yeah, Melissa, he urged patience just after midnight last night.
1:07.0	Now Joe Biden is on the offensive, but he also recognized just how divided this country is and how profoundly this election proved that.
1:15.4	In his speech, just an hour ago, he used the words respect, care, unite and heal, but he also
	...

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