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A28 u.s. news
Diasabra 28 November 2020

Trump may be coming to terms with loss he won’t acknowledge

(AP) — President Don- the widespread voting fraud Senate runoff elections that
ald Trump still won’t that Trump and his legal team will determine which party
bring himself to concede have repeatedly alleged, only controls the Senate. The
the election he decisively to be slapped down by judges White House said that rally is
lost to President-elect and state election officials. expected Dec. 5.
Joe Biden. But he’s now Trump spoke to reporters
acknowledging he will in the White House’s or- One of the reasons Repub-
leave the White House if nate Diplomatic Reception licans have stood by Trump
Biden’s win is affirmed Room after holding a tele- and his baseless claims of
by the Electoral College, conference with U.S. mili- fraud has been to keep his
which is firmly on track to tary leaders stationed across loyal base energized for those
do just that in a few weeks. the globe. He thanked them Jan 5 runoffs. But Trump,
for their service, joked that in his remarks, openly ques-
“Certainly I will,” he said they shouldn’t eat too much tioned whether that election
Thursday when asked if he turkey, then turned to the would be fair, casting suspi-
will vacate the premises after election after ending the call. cions that could dampen Re-
electors make Biden’s win Michigan, where Trump and the vaccines were me, and I He repeated grievances and publican turnout.
formal. “But you know that.” his allies tried and failed to pushed people harder than angrily denounced officials “I think you’re dealing with
Trump, who took questions delay the process, and Geor- they’ve ever been pushed be- in Georgia and Pennsylvania, a very fraudulent system,”
from reporters for the first gia and Pennsylvania. fore.” two key states that helped he said. “I’m very worried
time since the election, un- Nothing stands in the way The fact that a sitting Ameri- give Biden the win. about that.” He said: “People
leashed another round of of Biden taking office Jan. 20 can president even had to Trump’s administration has are very disappointed that we
complaints about the vote with a clear margin of elec- address whether or not he already given the green light were robbed.”
and theatrical warnings that toral votes. would leave office after los- for a formal transition to get Trump made clear that he will
“a lot of things” would hap- No concession is needed ing reelection underscores underway. Yet Trump took is- probably never formally con-
pen before the Electoral Col- from Trump for Biden to the extent to which Trump sue with Biden moving for- cede, even if he said he would
lege meets Dec. 14 that could become president, none has has smashed one convention ward. leave the White House. “It’s
possibly change results. But been offered and Trump may after another over the last “I think it’s not right that he’s gonna be a very hard thing to
while he’s stirring uncertain- never admit he was beaten three weeks. trying to pick a Cabinet,” concede,” he said. “Because
ty about how he will behave fair and square. But there Vote certification at the local Trump said, even though of- we know there was massive
in the weeks ahead, there is were a few signs that Trump and state level is typically a ficials from both teams are fraud.”Electors “will have
no real suspense about the was coming to terms with his ministerial task that gets little already working together to made a mistake” by affirm-
outcome. loss. notice, but that changed with get Biden’s team up to speed. ing Biden’s win, he said.Yet
All states must certify their At one point he expressed Trump’s fierce but fruitless Asked if he’ll attend the in- “time isn’t on our side.”Will
results before the Electoral concern that Biden would get legal challenges and attempts auguration, Trump said he he run again in 2024? Trump
College meets and any chal- the glory from pending coro- to manipulate the certifica- knows the answer but doesn’t said he doesn’t “want to talk
lenge must be resolved by navirus vaccines. “Don’t let tion process in battleground want to say. about 2024 yet.”“This has a
Dec. 8. States have already him take credit for the vac- states he lost. He said he’ll go to Georgia to long way to go,” Trump said,
begun that process, including cines,” Trump said, “because No evidence has emerged of rally supporters before two even though he lost.

Stocks rise on Wall Street as S&P 500 hits record high

(AP) — The S&P 500 rose the pandemic that plunged and recoup sales lost to the
to a record high Friday the global economy into pandemic. Early indications
as investors continue to its deepest slump since the are that people are staying
look forward to the dis- 1930s. That optimism per- home and choosing to do any
tribution of a COVID-19 sisted this week even as one shopping online.
vaccine and relief for the vaccine candidate suffered a Macy’s shares fell 1.4% while
global economy. setback and cases of corona- shares of Walmart showed
The benchmark index rose virus remain at elevated lev- a slight decline. Shares of
8 points, or 0.2%, led by els. the online marketplace Etsy,
gains in technology com- Meanwhile, retailers were meanwhile, rose 10.7%.
panies, and closed at an hoping that their slumping Tech shares have led the
all-time high of 3,638.35. sales get a boost from shop- market’s climb back from its
The Nasdaq also closed at pers on Black Friday but early plunge in March as investors
a record helped by gains indications are that store traf- bet giants such as Apple and
in Apple, Tesla, Zoom and fic was light. Microsoft will keep raking in
other tech companies. The Dow Jones Industrial the profits whether Ameri-
Average, which earlier this cans are forced to stay home
Positive developments on week crossed 30,000 for the The University of Oxford The disease has killed more or the economy begins to
the vaccine front have driven first time, rose 37 points, or and AstraZeneca also this than 1.4 million people return to something resem-
double-digit gains in the ma- 0.1%, to 29,910.37. The Nas- week released positive test re- worldwide and there are 61 bling normalcy. Apple rose
jor indexes this month as in- daq gained 111, or 0.9%, to sults about their vaccine. But million confirmed cases, ac- 0.5%.
vestors look forward to prog- 12,205.85. researchers have questioned cording to data gathered by Tesla rose 2.1% and Zoom
ress in gaining control over U.S. markets closed at 1 p.m. how Oxford and AstraZeneca Johns Hopkins University. Video Communications
Eastern after being shut for calculated the effectiveness of The pandemic has brought gained 6.3%. The two stocks
the Thanksgiving holiday. their vaccine. The AstraZen- significant changes to the tra- have been market darlings
Health care companies also eca CEO said the company ditional Black Friday shop- so far this year with gains of
posted solid gains. Moderna might conduct another trial. ping holiday. Many retailers 600% or more.
jumped 16.4% and Pfizer AstraZeneca shares were flat. are beefing up their safety European markets rose. Ger-
rose 1.9%. The two compa- Still, hopes for a vaccine have protocols, moving their many’s DAX gained 0.4% and
nies earlier this month re- offset concerns about spiking doorbuster deals online and the CAC 40 in France rose
leased results showing their coronavirus cases in the U.S. curbside pickup options as a 0.6%. Asia markets also rose
COVID-19 vaccine candi- and other parts of the world. last grasp at sales before the Friday. The Hang Seng index
dates were highly effective in U.S. states and European year ends. in Hong Kong gained 0.8%.
tests. The shares got a boost governments are re-impos- Retailers need a boost from The yield on the 10-year
Friday after a competing vac- ing controls on business and Black Friday and holiday Treasury slipped to 0.84%
cine suffered a setback. travel as infection rates surge. shopping altogether to try from 0.87% Wednesday.