Source: The New Yorker
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • A recount within the key battleground state of Georgia has reaffirmed that Joe Biden won the region by over 12,000 votes
  • Biden had already been declared the winner of Georgia, but a recount was ordered as the margin for his win was less than 0.5 per cent
  • The recount results essentially confirm Biden as America’s next President, as he leads the electoral college vote 306 to 232
  • However, Donald Trump’s team is refusing to concede, despite having no clear avenue to winning the election
  • Trump supporter Rudy Giuliani has also spoken out about the recount, stating without evidence that the election was being stolen

A recount within the key U.S. battleground state of Georgia has reaffirmed Joe Biden as the winner with an over 12,000 vote lead.

Biden had originally been called the winner for Georgia, but as his winning margin was under 0.5 per cent an automatic recount was called as per state law.

All of the votes from the state have been recounted by hand and Georgia Secretary of State Brad Raffensperger said the recount shows the original count was correct.

“Georgia’s historic first statewide audit reaffirmed that the state’s new secure paper ballot voting system accurately counted and reported results,” Brad said.

“This is a credit to the hard work of our county and local elections officials who moved quickly to undertake and complete such a momentous task in a short period of time,” he added.

The recount result reaffirms Biden’s position as the next U.S. President, taking his lead in the electoral college vote to 306 compared to Trump’s 232.

Georgia’s swing to Biden — the first time the state has voted Democrat since 1996 — also puts another nail in the coffin of Donald Trump’s reelection chances: the winner of the U.S. Presidential race needs over 270 electoral college votes to win.

Despite having no clear avenue to legitimately claiming the Presidency, Trump is still refusing to concede that he lost the 2020 election.

Instead, his team is continuing to claim without evidence that the election was stolen from him via fraudulent votes.

Trump’s lawyer Rudy Giuliani is the latest from within Trump’s camp to falsely claim the Democrats rigged the recent poll.

In a press conference, where brown hair dye was seen dripping down his face, Giuliani falsely stated Republicans were barred from watching votes be counted.

“What happened on the morning of November 3? Did every Democrat leader in Pennsylvania, Michigan, Wisconsin, Georgia, Nevada and Arizona, did they all wake up separately and have the same idea?” he began.

“That we are going to put Republican inspectors in pens and corrals, we’re not going to let them look at mail-in or absentee ballots? I think the logical conclusion is this was a common plan, a common scheme, that comes right from the Democratic Party and candidate,” he added.

“That’s the reason why he probably didn’t have to go out and campaign — he had to have known that they were going to do this,” Rudy added about Joe Biden.

Trump is yet to comment directly on the Georgia recount or concede the election.

More From The Market Online
ASX concept

ASX 200 reacts to an RBA 25bps rate hike by… closing somewhat firmly in the green?

Colour me surprised – the ASX200 successfully priced something in for once, with today’s RBA rate hike not scaring the market down into
India Russia flag

Not just AUKUS indexes: USA’s war on Iran visible on India’s NIFTY; Russia’s MOEX

While the Australian market is busy watching Wall Street, gold, and oil prices – and the prices of relevant stocks exposed to those

Oil prices see money markets bet on two more RBA hikes for 2026; NAB see CPI @ 5%

Despite earlier this week claiming that Australian CPI could hit 5% by the middle of the year, National Australia Bank’s (ASX:NAB) chief
Social media concept

The US Energy Sec’s overnight tweet bungle underlines social media’s increasing influence on markets

In a world where investing is becoming more and more intertwined with social media narratives (read: emotion), thus becoming more volatile – something