Tuesday☕️

Time Is Money

Nov 5, 2024 • 4 min read

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U.S. Presidential Election
U.S. CENTCOM Activity

Yesterday’s U.S. stock market:

Yesterday’s commodity market:

Yesterday’s crypto market:

U.S. Presidential Election:

Today, Americans are casting their votes in a highly contested presidential election between former President Donald Trump and Vice President Kamala Harris. While recent polling data shows a tight race, with Harris slightly ahead in national averages, betting markets tell a different story. Platforms like Kalshi and Oddschecker currently favor Trump, with Oddschecker giving him a 56% chance of winning and Harris at 44%. This divergence between polling data and betting markets highlights the uncertainty surrounding the election, as betting markets, driven by real financial stakes, often reflect a more calculated prediction of outcomes.
Swing states remain critical battlegrounds in the election, with both candidates focusing intensely on these regions. Harris holds narrow leads in Wisconsin and Michigan, while Trump appears stronger in Georgia and North Carolina. Pennsylvania, a crucial swing state with a large number of electoral votes, could ultimately decide the election. The results in these key states are expected to play a decisive role in securing the necessary electoral votes for either candidate, making each swing state vote pivotal.
Elon Musk’s prominent support for Trump has added a unique dynamic to this election. Musk has contributed over $100 million to a pro-Trump political action committee and actively engaged in campaign events, boosting Trump’s social media presence and reach. This endorsement has drawn significant attention, potentially influencing undecided voters and strengthening Trump’s campaign. Despite Musk’s backing and Trump’s traction in betting markets, the race remains intensely competitive, with both candidates retaining significant support across the country.
The significance of this election cannot be overstated, as its outcome will have far-reaching implications for the United States. The elected administration will shape how the U.S. approaches the economy, global trade, and international relations, as well as key domestic policies. As voters head to the polls today, the stakes are clear: the future of U.S. policy and America’s role on the world stage are at a critical juncture, making this a defining moment in American history.

U.S. CENTCOM Activity:

Over the past 60 days, U.S. Central Command (CENTCOM) has led a series of focused operations to weaken ISIS in Iraq and Syria. Partnering with local security forces, CENTCOM conducted 95 operations, including some unilateral airstrikes in Syria. These missions resulted in 163 ISIS fighters killed and 33 captured, including more than 30 senior and mid-level ISIS leaders. By specifically targeting leaders and key operatives, these actions aim to disrupt ISIS’s leadership and limit its ability to plan further attacks.
These operations have allowed U.S. forces to seize weapons, equipment, and resources from ISIS, materials that could otherwise be used to fuel future attacks. Taking this enemy materiel out of circulation is critical, as it directly weakens ISIS’s logistical capabilities and hinders their operations. This sustained pressure on ISIS leaders and resources limits their movements and planning, making it harder for them to organize and execute attacks, especially against U.S. interests and allies in the region.
General Michael Erik Kurilla, commander of CENTCOM, underscored the U.S. commitment to continuing this pressure in partnership with coalition and Iraqi forces. By persistently pursuing ISIS leaders and fighters, the U.S. and its partners aim to prevent ISIS from regrouping and staging further violence in the area. This collaborative approach emphasizes a long-term strategy to ensure ISIS remains unable to reclaim its previous strength or pose a significant threat to regional stability.
Since 2020, ISIS has been showing signs of resurgence. After initially being severely weakened under the Trump administration, the group has taken advantage of ongoing regional instability to attempt a comeback. The resurgence of ISIS has prompted the U.S. to increase its presence and operations in Iraq and Syria. This renewed focus comes amid broader unrest in the Middle East, where groups like Iran-backed Hamas, Hezbollah, and the Houthis are also stirring tensions. With both state-backed and independent militant groups creating instability, the U.S. has found it necessary to bolster its activities in the region, aiming to counter these varied threats and work toward a more stable Middle East.

Statistic:

Largest public prime defense contractors by market capitalization:

🇺🇸 Raytheon Technologies: $157.06B
🇺🇸 Honeywell: $134.95B
🇺🇸 Lockheed Martin: $127.64B
🇫🇷 Safran: $95.90B
🇮🇱 NextVision Stabilized Systems: $90.93B
🇺🇸 General Dynamics: $80.73B
🇺🇸 Northrop Grumman: $73.93B
🇬🇧 BAE Systems: $48.56B
🇺🇸 L3Harris Technologies: $46.86B
🇮🇳 Hindustan Aeronautics: $33.79B
🇫🇷 Thales: $32.73B
🇮🇳 Bharat Electronics: $24.70B
🇩🇪 Rheinmetall: $22.09B
🇳🇴 Kongsberg Gruppen: $17.76B
🇫🇷 Dassault Aviation: $15.68B
🇮🇹 Leonardo: $13.62B
🇸🇪 SAAB AB: $10.94B
🇮🇱 Elbit Systems: $10.26B
🇹🇷 Aselsan: $8.43B
🇺🇸 Leonardo DRS: $8.33B
🇺🇸 Huntington Ingalls Industries: $7.47B
🇺🇸 AeroVironment: $6.07B
🇮🇳 Bharat Dynamics: $4.72B
🇩🇪 Hensoldt: $3.83B
🇺🇸 Kratos Defense & Security Solutions: $3.47B

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