Good Morning! On this day in 1989, East German officials opened the Berlin Wall, allowing travel from East to West Berlin. The following day, celebrating Germans began to tear the wall down.
Election Day continues to dominate headlines in today’s edition of The Flyover, with President-elect Trump boosting investor confidence, the GOP inching closer to a House majority, and San Francisco electing a new mayor. Get all the details below!
The Justice Department unsealed an indictment on Friday, revealing an alleged Iranian plot to assassinate President-elect Trump during his campaign this fall.
U.S. authorities believe Iranian Farhad Shakeri was involved in a murder-for-hire plot, allegedly telling FBI agents that an official in Iran’s Revolutionary Guard in September tasked him with an official plan to surveil and kill Trump.
Shakeri was also linked to Carlisle Rivera of Brooklyn and Jonathon Loadholt of Staten Island in a conspiracy to murder a U.S. citizen of Iranian origin in New York. Rivera and Loadholt were arrested and made their initial appearance in court.
According to U.S. officials, Shakeri has not been arrested and is believed to be in Iran.
Market Rallies Behind Trump
U.S. stocks maintained their post-election rally on Friday, achieving record highs with the Dow and S&P 500 posting their best weekly performance of the year.
The Dow rose 259.65 points, or 0.59%, while the S&P gained 0.38% to close at 5,995.54, briefly trading above 6,000; the Nasdaq jumped 0.09%, setting an intraday record high.
Experts attribute the recent rally to President-elect Trump’s victory, with expectations that a Republican-controlled government will favor deregulation, mergers and acquisitions, and tax cuts.
Trump’s reelection also boosted Elon Musk, with Tesla’s stock rising nearly 26% since Election Day, pushing the company’s market cap over $1 trillion.
List: America’s Most Obscure Museums
A list of America’s most obscure museums features a quirky and eccentric mix from espionage-themed exhibits to houses of ill-repute and roadside spots celebrating the food that made this country great.
Washington D.C.’s International Spy Museum houses the world’s largest collection of spy artifacts, including gadgets, weapons, cameras, and vehicles, along with iconic cars used in the James Bond films.
The Oasis Bordello Museum in Idaho, one of two brothels on the list, preserved its silver mining-era history right up until the last madame, Madame Ginger, and her workers fled in 1988 before an FBI raid.
Sites dedicated to Spam, mustard, and potatoes make the list, but the best food-related stop is the Waffle House Museum in Georgia. On the site of the first-ever Waffle House, which opened in 1955, it explains why the chain is considered a southern staple.
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➤ A judge paused proceedings in the criminal election interference case against President-elect Trump on Friday, following a request from special counsel Jack Smith to reassess the situation after Trump’s election victory. (More)
➤ The White House reiterated on Thursday that President Biden has no plans to pardon or commute a potential prison sentence for his son, Hunter Biden, who is guilty of several felony charges. (More)
➤ A federal judge ruled against a Biden administration program that permitted unauthorized immigrants married to U.S. citizens to obtain legal status, determining it violated immigration law. (More)
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➤ Week 11 in college football features key matchups, including No. 11 Alabama vs. No. 15 LSU and No. 3 Georgia vs. No. 16 Ole Miss, with playoff implications. (See Schedule)
➤ New York sportsbooks set a new monthly record in October with $2.3 billion in bets, surpassing the previous record of $2.1 billion, according to the New York State Gaming Commission. (More)
➤ San Francisco 49ers superstar and reigning Offensive Player of the Year Christian McCaffrey is expected to make his season debut Sunday against the Tampa Bay Buccaneers after missing the first nine weeks with Achilles and calf issues. (More)
Control of the House remained uncertain Friday, with the GOP leading 216 House seats to 204, needing 218 seats for a majority as vote counting continued. (See Map)
San Francisco Mayor London Breed conceded to moderate challenger Daniel Lurie, who defeated her 56% to 43% in a campaign focused on boosting public safety and law enforcement. (More)
Gilberto Hinojosa, Texas Democratic Party chair since 2012, resigned Friday following another cycle of heavy losses and a significant GOP shift in heavily Hispanic regions. (More)
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Daily Market Report 11/08/2024
▲
NASDAQ Natl. Assoc. of Securities Dealers Automated Quotations
19,286.78
0.09%
▲
SPX S&P 500
5,995.54
0.38%
▲
DJI Dow Jones Industrial Average
43,988.99
0.59%
▲
BTC Bitcoin
$76,485.83
0.77%
▼
GOLD Per Ounce
$2,692.20
-0.23%
* Gold and Bitcoin are traded 24 hours
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➤ New floods in northeastern Spain swept away cars and submerged streets in Cadaqués, just one week after historic floods killed over 200 people, mostly in the Valencia area. (See Flooding)
➤ Antisemitic rioters attacked Israeli soccer fans in Amsterdam Friday, leaving five hospitalized and dozens detained, with 62 arrests following the violence that the mayor called a shame to the city. (More)
➤ Australia will introduce legislation to ban social media for children under 16 this month, giving platforms one year to exclude users younger than 16 and ensuring compliance. (More)
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➤ The bells of Notre Dame Cathedral rang in Paris on Friday morning for the first time since a 2019 fire devastated the 855-year-old historic church, ending an 18-month restoration. (Hear Bells)
➤ Staff and vendors are concerned they won’t be paid for election-eve concerts held in seven swing states by VP Kamala Harris’ campaign. The cost is about $20 million, and the campaign is rumored to be in debt for around the same amount. (More)
➤ Authorities in North Carolina recovered a missing pet python named Una in a Chili’s parking lot, reuniting the dehydrated snake with her owner after two months on the loose. (See Una)