America Abbai Newsletter 11/6/24

Stock Markets As of 11/6 5:35 PM CST

S&P 500
5,929.04 (+2.53%)

Dow 30
43,729.93 (+3.57%)

Nasdaq
18,983.46 (+2.95%)

Bitcoin
75,728.39 (+8.77%)

Top News

Joe Raedle/Getty Images / Getty Images

Donald Trump’s victory over Kamala Harris in the 2024 election represents a significant comeback after his 2020 loss and multiple indictments. Projected to have won key battleground states, he crossed the 270 electoral vote mark, primarily supported by White voters without college degrees and making gains among Black and Latino men. Trump’s focus on inflation and the economy resonated with many voters who felt financially worse off compared to four years ago, helping him secure strong backing from independents, especially in Georgia.

Stephanie Scarbrough/AP Photo

Vice President Kamala Harris, addressing supporters at Howard University after her 2024 election loss to Donald Trump, emphasized accepting the election outcome while continuing the fight behind her campaign’s values. Harris reaffirmed her commitment to a peaceful transfer of power and the importance of loyalty to the Constitution, highlighting democratic principles. In a concession speech marked by resilience, she called on supporters to hold onto hope and persist in their efforts toward America’s promise.

Following Donald Trump’s presidential election victory, U.S. stocks surged to record highs, with the Dow Jones Industrial Average climbing 3.5% and the S&P 500 and Nasdaq also hitting new peaks. The rally reflected optimism for the financial sector, particularly benefiting regional banks, as investors anticipated pro-business policies. Additionally, Bitcoin and the dollar rose, while Tesla shares jumped over 14% following CEO Elon Musk’s public support for Trump. The Federal Reserve is also expected to announce a rate cut, likely further impacting markets.

Elon Musk, CEO of Tesla and SpaceX, supported Donald Trump in the 2024 election despite Trump’s previous anti-EV stance. Musk donated over $100 million to a pro-Trump super PAC and is set to head a new Department of Government Efficiency, or “DOGE,” where he plans to streamline federal bureaucracy. This influential advisory role could heavily impact policies affecting Musk’s companies, although many speculate on a potential future fallout between the two high-profile personalities.

Prime Minister Narendra Modi called U.S. President-elect Donald Trump to congratulate him on his 2024 election victory. Trump expressed admiration for Modi, calling him a “magnificent man” and describing India as a “true friend” of the United States. Both leaders committed to strengthening collaboration for global peace.

Andhra Pradesh Chief Minister N. Chandrababu Naidu praised JD Vance’s U.S. Vice Presidential election win, noting its historic significance for the Telugu community, as Vance’s wife, Usha Chilukuri Vance, is of Telugu heritage. Usha Vance, whose family roots trace to Vadluru village in Andhra Pradesh, will become America’s Second Lady, marking a first for an Indian-American in this role. Naidu expressed pride on behalf of the Telugu community and hopes to invite the Vances to visit Andhra Pradesh.

Movie News

As Pushpa 2: The Rule approaches its release date, the team is finalizing production and preparing the background score. Devi Sri Prasad is currently scoring for the film, but the makers have also commissioned a second version from another prominent Telugu music director. They have yet to decide which score will be used, leaving fans eagerly waiting to see if the unexpected collaboration will make it into the final cut.

In a recent lighthearted exchange, actors Rana Daggubati and Teja Sajja teased each other on social media, but fans misinterpreted their banter as serious. This led to confusion among followers, who assumed there was tension between the two. Both actors have clarified that it was all in good fun, reassuring fans that there’s no real animosity between them.

Lokesh Kanagaraj revealed key updates about his cinematic universe (LCU) and upcoming projects. He’s completed the script for Kaithi-2 and plans to end the LCU with Vikram-2 after a standalone film focusing on Rolex. If Vijay had not pursued politics, he would have created a Leo sequel as well. Lokesh is also currently finishing up Coolie, starring Rajinikanth.

Theatre Releases

Source: Filmibeat

Movie

Release Date

Kanguva

Nov 14th

Matka

Nov 14th

Gladiator II

Nov 15th

ZEBRA

Nov 22nd

Mechanic Rocky

Nov 22nd

Roti Kapda Romance

Nov 22nd

Streaming Dates

Binged

Binged

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