Donald Trump's 2024 US election win: What do the charts and numbers tell us?


Fadah Jassem
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Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

Trump made gains on all fronts

Donald Trump gained votes in nearly every state compared with the 2020 election, when he lost to Joe Biden. Mr Trump's strongest performances in 2024 were in states where he had significant support, further consolidating his base. In Florida and Utah, his margins over his Democratic rival Vice President Kamala Harris increased substantially, with his base strengthening its support.

Mr Trump’s campaign recaptured swing states, which were key to his victory. He won in Georgia, North Carolina, Pennsylvania, Michigan and Wisconsin, maintaining a lead across all seven major battlegrounds. In 2020, Mr Biden managed to win six out of the seven swing states, with only North Carolina going to Mr Trump. The results of this election highlight a shift in voter sentiment, particularly in states traditionally known as the “blue wall”.

Pennsylvania, which has 19 electoral votes, was crucial to Ms Harris's hopes of winning. Mr Trump was declared the winner in the state with 51 per cent of the vote, compared with 48 per cent for Ms Harris.

He also made important inroads in traditional democratic strongholds such as New York, where he closed the gap with Ms Harris by 12 points. These improvements in deep blue states suggest his outreach extended beyond traditional Republican regions.

Minorities swing to Trump

In another remarkable turn, the Republican Party received more votes from Hispanic, Asian and black voters than in 2020. Ms Harris only increased her vote share among over-65s and white college-educated women.

Support for Mr Trump increased more than 10 points among the Hispanic groups compared with 2020, particularly Hispanic men – up 18 points from 2020. In Florida’s Hispanic-majority counties, he increased his vote share by almost eight points compared with the election four years earlier.

The US black voter demographic, which consistently voted Democrat in the past, also leant slightly right. In this election, Mr Trump secured about 20 per cent of the black vote, according to an exit poll by AP, while in 2020, he only got 12 per cent of that vote.

In Dearborn, Michigan, Mr Trump seems to have won over many Arab-American voters, taking a traditionally safe Democratic bloc with 42.28 per cent going to Mr Trump, 36.26 per cent going to Ms Harris and 18.7 per cent going to third-party candidate Jill Stein. In a county where 55 per cent of the residents are of Middle Eastern heritage, the war in Gaza and Lebanon was a key issue, but Ms Harris tried to dodge it during her election campaign.

While minority support for Mr Trump surged, his largest voter bloc remained white men and women, especially non-college-educated white men, who constituted nearly 40 per cent of his base. This core demographic continues to provide him with substantial support.

Women voters on Trump

Despite early national exit polls showing Ms Harris won the support of 54 per cent of women, it is still lower than Mr Biden's tally in 2020, when he had the support of 57 per cent of women.

Mr Trump’s campaign secured incremental gains with women, especially among white and non-college-educated women, which contributed to his success in rural and suburban areas. The Democratic campaign hoped to gain more support from women, especially since this was the first election after the Supreme Court overturned the Roe v Wade ruling, ending a woman’s right to terminate a pregnancy, something Mr Trump and his party celebrated.

Generational divide narrows

A majority of younger voters across the US backed Ms Harris, but in the battleground state of Michigan, the Democrats lost significant backing from voters aged 18 to 29, the latest exit poll figures show.

In 2020, 61 per cent of Michigan voters in this age range supported Mr Biden, whereas only 46 per cent voted for Ms Harris, indicating some erosion of the Democratic hold on younger voters. Generation X ranked highest for Mr Trump – 54 per cent of voters aged 45 to 64 cast their ballot for Mr Trump.

But the Republican lost some support among older voters. In Wisconsin, he lost 11 percentage points in support from voters aged above 65, compared with 2020, while in Michigan, he lost six percentage points in support from that demographic.

Senate flips

The election also shifted the balance of power in the US Senate, with Republicans regaining control after four years of Democratic leadership. Of the 33 Senate seats contested, Republicans needed to flip just two to win a majority. They flipped three.

War and the virus
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Kabir Singh

Produced by: Cinestaan Studios, T-Series

Directed by: Sandeep Reddy Vanga

Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa

Rating: 2.5/5 

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
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Group G: Manchester City, Wydad, Al Ain, Juventus.

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Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

Updated: November 08, 2024, 3:20 AM