*Counties are colored red or blue when the % expected vote reporting reaches a set threshold. This threshold varies by state and is based on patterns of past vote reporting and expectations about how the vote will report this year.
Local 2020 Election Results
New York is a reliably Democratic state, and it was widely expected that he would defeat Trump, the Republican candidate. A range of offices are on the general election ballot, including Congress and the state Legislature. The results of some more tightly-contested races might not be known for some time because absentee ballots won’t be counted for at least a week.
The last four years have been good for stocks, with the S&P 500 climbing more than 50% and many 401(k) balances looking healthier, as President Donald Trump likes to point out so often.
But a look at the market’s winners and losers since Trump’s surprise win in 2016 also shows how hazardous it can be to set your investments based on election results.
The stocks that Wall Street initially thought would benefit most from a Trump administration have since fallen back, sometimes sharply. And stocks that were afterthoughts have become market leaders.
Trump’s stunning victory on Nov. 8, 2016, soon gave way to a consensus that his pro-business policies would be a boon for stocks. Stocks of smaller companies and bank stocks got an extra boost, part of what was coined the “Trump trade,” tied to expectations for Washington to deliver lower tax rates and lighter regulation for businesses. Meanwhile, tech stocks lagged the market at first.
Things eventually switched around, the result of several huge shifts in the market’s momentum, including worries about Trump’s punishing trade war with China, despair about the coronavirus-caused recession and relief that the Federal Reserve once again came to the market’s rescue.
Alexandria Ocasio-Cortez wins reelection
U.S. Rep. Alexandria Ocasio-Cortez will be returning to Congress for a second term, the AP projects.
The New York City Democrat defeated Republican John Cummings, a teacher and former police officer. Ocasio-Cortez has become one of the most well-known voices of the American left in her first term.
She was a lead sponsor of the Green New Deal, a proposal to have the federal government mobilize a massive effort to wean the nation from fossil fuels and invest in zero-emission transportation.
Ocasio-Cortez has also become a target of constant criticism from the right, demonized nightly by conservative talk show hosts as the socialist future of the Democratic Party. The 14th Congressional District in Queens and the Bronx was among the places hit hardest in the city by the coronavirus.
Ritchie Torres claims victory
Ritchie Torres has claimed victory in his race against against Patrick Delices for the seat vacated by Jose Serrano, who recently retired.
Torres is the first openly gay Afro-Latino elected to Congress. He will represent the 15th Congressional District in the Bronx.
Andrew Garbarino vs. Jackie Gordon
Rep. Peter King’s retirement sets up fight for Long Island swing seat
Republican U.S. Rep. Peter King’s impending retirement after nearly three decades as the aggrieved voice of bridge and tunnel New Yorkers has set off a scramble for control of his suburban Long Island swing district, with outside groups pouring in millions of dollars.
King’s chosen successor, State Assemblyman Andrew Garbarino, faces Democrat Jackie Gordon, a retired U.S. Army lieutenant colonel who moved to the U.S. from the Caribbean island nation of Jamaica when she was 7. Green Party candidate Harry Berger could split the vote, which is expected to go to one of the two major party candidates.
Republicans are fighting mightily to keep the seat, situated in an increasingly diverse swath of the island’s South Shore. President Donald Trump narrowly took the district in 2016.
Democrats see a rare opportunity to pick up a seat that had been out of reach while King was on the ballot.
“This is a true suburban swing district that hasn’t been because of a Republican incumbent who drew support from across the aisle,” said Lawrence Levy, the Executive Dean of the National Center for Suburban Studies at Hofstra University. “Now that Pete King is gone, it reverts back to its true purple state.”
King, who thrived on popular issues for white suburbanites – like promises to investigate Islamic extremism in the wake of the 9/11 attacks and a crackdown on MS-13 gang violence – has been out front in the effort to keep the seat in Republican hands.
He’s been campaigning door-to-door with Garbarino in the bedroom communities where the retiring lawmaker has long been a favorite of white, blue-collar voters – including police officers who embrace their “back the blue” message.
Garbarino, 36, has portrayed himself on the campaign trail as something of a Peter King 2.0.
He’s white, a lifelong Long Islander, the son of a local party boss and runs a law firm on Main Street in his hometown of Sayville. The fourth-term assemblyman has stressed his ability to work with Democrats to secure funding for projects in his district.
“I know what’s important to Long Island families. I know what’s important to Long Islanders,” Garbarino said at a recent online candidate forum. Like King, he said, he would work with Democrats to do “what was right for Long Island.”
Gordon, a 55-year-old Black immigrant and former school guidance counselor, is more a reflection of the evolving dynamics of the district, where more than a quarter of residents now identify as non-white.
She served in the military for 29 years and fought in Iraq and Afghanistan before retiring in 2014 and is a single mother of two.
“We need representatives who will bring communities together, not tear us apart,” Gordon said at the candidate forum. “We need to bring the united back into the United States.”
Her campaign has outraised Garbarino’s $3.7 million to about $1.4 million. Democrats hold a slight registration edge in the district.
Major party committees and outside groups have spent nearly $10.5 million on the race, according to the Center for Responsive Politics, mostly on ads pillorying one of the candidates.
In her political ads, Gordon has sought to exploit Garbarino’s allegiance to Trump as a possible liability. Garbarino countered with a pair of TV commercials suggesting a link between Gordon and prominent, divisive Democrats.
One of the ads alleged Democrats wanted to defund police, something Gordon has said she does not support. The other highlighted tax increases Gordon voted for while a member of Babylon’s town council for more than a decade. Meanwhile, Garbarino has scrapped a primary campaign ad showing him with Vice President Mike Pence under a banner “Supporting Trump’s Agenda.”
Gordon and Garbarino hew to party ideology on many issues. She favors keeping and expanding the Affordable Care Act. He said at a recent debate that he favors some parts of the law, such as coverage for pre-existing conditions – even though Democrats have noted he voted against such protections in Albany.
They’ve found at least one area of agreement: both Gordon and Garbarino said they would fight to repeal the Trump Administration’s $10,000 cap on deducting state and local taxes from federal income taxes – a major gripe on highly taxed Long Island.
Lee Zeldin vs. Nancy Goroff
The Long Island suburban vote is threatening New York Rep. Lee Zeldin, a Trump ally who’s facing Democrat Nancy Goroff, the former chair of the Stony Brook Chemistry department. She’s been leaning into her background as a scientist since the beginning of the race, but the pandemic — and Trump’s flouting of scientific guidelines — has given her another opportunity to argue that it’s time for Trump and Zeldin to go.
That race has centered on the candidates’ disparate views of Trump’s response to coronavirus, as well as the Black Lives Matter movement.
Zeldin, an Iraq War veteran and U.S. Army Reserve lieutenant colonel, praised Trump’s handling of the pandemic as “phenomenal” during a speech to the Republican National Convention.
Goroff has aired campaign ads accusing Trump and Zeldin of ignoring health experts’ guidance. She pledged to “use science and facts to guide us out of this crisis.”
One of Zeldin’s ads showed Goroff at a Black Lives Matter march and described Goroff as a “radical professor” who favors emptying prisons of violent criminals. Goroff has said she opposes defunding the police, but wants the U.S. Justice Department to collect data on police misconduct and would support research to reduce police violence.
Max Rose vs. Nicole Malliotakis
Nicole Malliotakis has declared victory in the contentious House race, but the race has not yet been called by ABC News or the AP.
“Today, Staten Island and Southern Brooklyn sent a loud and clear message that will resonate from City Hall to the Halls of Congress,” she said Tuesday night. “I entered this race with eyes wide open knowing that victory wouldn’t come easy. But, from the start I knew this race was never about me. This race was always about you, the hardworking New Yorker who obeys the law, pays their taxes and gets up every morning and goes to work.”
The candidates for Congress in New York City’s only swing district slugged it out in a contentious campaign, one directed much of their fury at a man who isn’t on the ballot – Mayor Bill de Blasio.
“Bill de Blasio is the worst mayor in the history of New York City,” first-term Congress member Max Rose says of his fellow Democrat in a digital ad.
“Everybody knows Bill de Blasio is the country’s most radical mayor,” Republican challenger Nicole Malliotakis countered in a TV ad.
The second-term mayor and one-time Democratic presidential hopeful is deeply unpopular in New York’s 11th Congressional District, which includes the borough of Staten Island and part of Brooklyn.
Whiter and more conservative than the rest of the city, the district voted for Republican Donald Trump over Democrat Hillary Clinton by 10 points in 2016 after supporting Democrat Barack Obama in 2008 and 2012.
It is a place where law-and-order candidates have historically done well, and where some residents resent de Blasio’s handling of police reform and Black Lives Matter protests.
Rose, a 33-year-old Army veteran who is still a captain in the National Guard, defeated Republican U.S. Rep. Dan Donovan to flip the seat blue in 2018. Malliotakis, a 39-year-old state Assembly member who is running with Trump’s support, is aiming to flip it back by painting Rose as too liberal for the district.
“To me, this is a very important election because we do have people who are pushing a socialist agenda,” Malliotakis told supporters at a rally last month before introducing her mother, Vera, who fled Fidel Castro’s Cuba in 1959. “Some people in Washington, the obvious ones like Alexandria Ocasio-Cortez, are trying to bring the very policies to this nation that millions of immigrants like my parents fled.”
But Rose is no ideological soulmate to Ocasio-Cortez, the progressive standard-bearer who represents a nearby New York City congressional district.
“When my country went to war in Afghanistan, I put on the uniform,” Rose says in an ad. “When Bill de Blasio tried to defund the police, I stood up and said it was 100 percent wrong. And I stood with President Trump when Democrats attacked him for killing an Iranian terrorist. Because when you kill American soldiers, we kill you.”
The reference was to the targeted killing of Qassem Soleimani, Iran’s top general, which other Democrats warned could further destabilize the region. Rose said in an interview that Democrats who criticized the Soleimani killing were wrong.
“Qassem Soleimani had the blood of over 600 United States soldiers on his hands,” he said. “He had orchestrated far more attacks that injured far more United States soldiers. There’s no expiration date on someone facing the consequences for that.”
A member of the bipartisan Problem Solvers Caucus, Rose was one of 15 Democrats who did not vote for Nancy Pelosi as speaker of the House and one of 18 Democrats who voted against the recent $2.2 trillion coronavirus relief bill.
“We knew that bill was dead on arrival,” Rose said, adding that he wanted Democrats to focus on legislation that would get bipartisan support.
Rose angered some conservative constituents earlier this year by voting to impeach Trump after previously saying that impeachment would “only tear our country further apart.”
A woman who stopped to argue as Rose campaigned recently outside a supermarket said, “The president is crass and rude, but he didn’t deserve to be impeached.”
While Malliotakis, who was first elected to the state Assembly in 2010, is backed by Trump, she hasn’t always supported him.
She sought to distance herself from Trump when she was running for mayor, telling the Daily News editorial board that she wished she had cast a write-in vote for Marco Rubio. She now says the comment was “sarcastic” and she supports the president.
Malliotakis was campaigning for a second term when Superstorm Sandy hit in 2012, destroying hundreds of homes and businesses in her district and killing some two dozen Staten Islanders.
“I was out there every day helping people clean up the streets, empty their homes of debris, get them food, get them water, get them clothing,” Malliotakis said in an interview.
Malliotakis ran for mayor against de Blasio in 2017 and lost by almost 40 points, but she took two-thirds of the votes in the congressional district she is now seeking to represent.
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