The Pour Over Today - VP Harris Concedes, Wall Street’s “Trump Trades”, Monkey Escape, & More | 11.8.24

Episode Date: November 8, 2024

Today, we’re reviewing the results of the election; looking at Wall Street’s reaction to former President Trump’s win; 43 monkeys escaping from a lab in South Carolina; and other top news for Friday, November 8th. Stay informed while remaining focused on Christ with The Pour Over Today. Please support our TPO sponsors! Cru: give.cru.org/tpo Upside: https://links.thepourover.org/Upside The Bible Study: https://links.thepourover.org/TheBibleStudy Politics for People Who Hate Politics: https://links.thepourover.org/PoliticsForPeopleWhoHatePolitics Keola Fit: https://links.thepourover.org/KeolaFit_Pod Compelled Podcast: https://links.thepourover.org/Compelled_TomTarrants Nothing Left Unsaid Podcast: https://linktr.ee/tgnlu CCCU: https://www.mycccu.com/tpobonus The Voice of the Martyrs: vom.org/TPO CSB Gift Guide: https://links.thepourover.org/CSBGiftGuide HelloFresh: hellofresh.com/freepourover

Today, we're reviewing the results of the election, looking at Wall Street's reaction to former President Trump's win, 43 monkeys escaping from a lab in South Carolina, and other top news for Friday, November 8th. Stay informed while remaining focused on Christ with the poor over today. Here's the quote of the day, I have a Creator who knew all things even before they were made, even me, his poor little child. St. Patrick. Let's get started with some espresso shots.

Tuesday's results are mostly in. So how did the people vote? More than 90% of counties in America shifted more towards former-turned-future President Trump in 2024 compared to the 2020 margins, propelling him to victories in five swing states, and currently leading in the other two, an Electoral College victory, and a lead of 5 million in the popular vote. Trump expanded his voting coalition to include demographic groups that historically pull the blue lever, plus 13 points with Hispanics and Latinos, plus 7 with 18- to 29-year-olds, and plus 8 among those without college degrees. The GOP has the Senate majority locked up and appears poised to secure control of the House.

Results could take days or weeks, as key states like California and New York continue counting mail-in ballots. How's the White House responding? Wednesday afternoon, VP Harris officially conceded the presidential race from her alma mater, Howard University. She encouraged acceptance of the election results and a peaceful transfer of power, stating, while I concede this election, I do not concede the fight that fueled this campaign. Meanwhile, President Biden spoke with President-elect Trump

and invited him to a White House meeting. He addressed the nation from the Rose Garden yesterday, promising a peaceful and orderly transition, while telling Democrats, setbacks are unavoidable, but giving up is unforgivable. What's next for the president-elect? Trump's transition team, led by RFK Jr., Tulsi Gabbard, and Trump's older sons,

is assembling about 4,000 appointees to staff the Trump 2.0 admin, where Elon Musk and RFK Jr. are expected to hold senior Trump 2.0 admin, where Elon Musk and R.F.K. Jr. are expected to hold senior advisory roles. As America changes course, remember that our home country, heaven, is on the same course as ever. Just as many Americans view the outcomes of foreign elections with a certain level of detachment, Christians view earthly political outcomes as secondary to the campaign of our eternal home where we hold our truest citizenship. First Peter 2, 11-12 says,

Dear friends, I urge you as strangers in exiles to abstain from sinful desires that wage war against the soul. Conduct yourselves honorably among the Gentiles, so that when they slander you as evildoers, they will observe your good works and will glorify God on the day he visits. Wall Street is wearing its party hat. The Dow Jones jumped over 1,500 points, 3.5% on Wednesday, its biggest gain in two years,

and speculation that President-elect Trump's promises of deregulation and tax cuts will add fuel to the economy. Industries expected to benefit most from a Trump presidency, dubbed Trump Trades, have soared. Big banks had a banner day on the prospect of lighter regulations. JP Morgan plus 12 percent. Big tech rose on hopes of favorable policies and reduced antitrust scrutiny. Tesla plus 15 percent. And crypto surged on optimism the industry will be embraced.

Bitcoin plus 8 percent. The big losers were tariff-exposed companies that manufactured goods overseas, Nike minus 3.5%, and real estate developers hit by rising bond prices. Yesterday, the Fed followed through on its widely anticipated 0.25-point interest rate cut, extending Wall Street's festivities. Too often we let eternally insignificant things like the election or the ups and downs of

the market control us. Seeking to steward money well is a good thing, but keep your focus on the giver rather than the gifts. 2 Corinthians 8 verse 9 says, for you know the grace of our Lord Jesus Christ. Though he was rich, for your sake he became poor, so that by his poverty you might become rich. Hey, it's Ellie from The Poor Over.

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HelloFresh meals are well-balanced, simple, and packed with variety. Plus, with customizable options like protein swaps and side upgrades, every meal is exactly the way we like it. Oh, and if you're looking to stock up, HelloFresh Market has over a hundred add-ons like desserts, quick breakfast, snacks, and more. This month, they even have Thanksgiving items that you can impress the in-laws with minimal effort. Get 10 free meals at hellofresh.com slash free pour over. That's 10 free meals across seven boxes for new subscribers only. Just head to hellofresh.com slash free pour over. In other brews, here's a rapid round of updates. Europe's largest economy sputtered into political chaos on Thursday. German Chancellor Olaf Scholz fired Finance Minister Christian Lindner after a disagreement

over the 2025 budget, collapsing the coalition that has governed since 2021. Sholes scheduled a vote of confidence for January 15, hoping to keep his government alive. If it fails, snap elections could take place as soon as March. Powerful winds fueled fast-moving wildfires in California on Wednesday. Northwest of LA, the mountain fire remains uncontained after rapidly spreading across 14,500 acres, threatening 3,500 structures, and forcing thousands to evacuate.

The same day, a 50-acre fire in Malibu briefly shut down the Pacific Coast Highway. A rare, particularly dangerous situation warning was issued amid the region's ongoing fire danger conditions. The breakdancing community is spinning with news that viral Australian breakdancer Rachel Gunn, aka Rae Gunn, is retiring, citing backlash to her 2024 Olympic performance that famously earned zero points. Raegun says she'll still dance, just not in competitions, and recently launched the

hashtag Raegun Challenge, offering $15,000 in prizes to break dancers showing off their best moves. A military judge upheld plea deals struck by alleged 9-11 mastermind Khalid Sheikh Mohammed and two co-defendants, voiding Defense Secretary Austin's order to discard the deals. The agreements, which spared the three men the death penalty in exchange for them pleading guilty in the long-running case, sparked political backlash this summer, especially from Republican lawmakers. 43 primates are monkeying around in South Carolina after escaping from a lab between Charleston and Savannah. Biological researchers at AlphaGenesis say the seven-pound female monkeys bolted through an unsecured door.

Police are urging South Carolinians to shut doors and windows. The skittish fugitives reportedly don't pose any health risk and are probably just looking for snacky snacks and a Netflix password. And that's all we have for today. Thanks so much for listening. If you're listening on the Apple Podcast app, give us a five star rating and drop a review. If you're listening on Spotify, give us a follow and hit the notification belt to never miss a new episode. We appreciate your support and hope you have a great weekend. Hi, it's Kathleen from The Poor Over. Before we go today, I wanted to give you a book recommendation.

Since some people have described The Poor Over as news for people who hate the news, even if the some people was me, we're recommending The Fitting Politics for People Who Hate Politics by Denise Grace Gitcham to prepare ourselves as we aim to engage in politics in Christ's way, with countercultural love, integrity, and unity. by Denise Grace Gitcham to prepare ourselves as we aim to engage in politics in Christ's way with countercultural love, integrity, and unity. Pick up your copy of Politics for People Who Hate Politics today with the link in our show notes.