It’s a post-election morning many thought they’d never see.
Donald Trump has victoriously claimed the title of president-elect, beating Democratic nominee Hillary Clinton in the bid for the White House.
Time called the news “one of the most shocking U.S. elections in modern political history.” The New Yorker’s headline reads, “Trump’s stunning win”—employing the same adjective many journalists have used in the presidential race’s wake. Forbes referred to Trump’s campaign as “bombastic” and The Daily Mail reported that Trump “stomped his way to victory.”
Clinton delays concession speech
At 2 a.m. Eastern time Wednesday—before states including New Hampshire, Wisconsin, Minnesota and Michigan were called—John Podesta, Clinton’s campaign chair, announced that she would not be giving a speech:
Several states are too close to call. So we’re not going to have anything more to say tonight. So listen—listen to me—everybody should head home. You should get some sleep. We’ll have more to say tomorrow. I want you to know, I want every person in this hall to know, and I want every person across the country who supported Hillary to know that your voices and your enthusiasm mean so much to her and to Tim and to all of us. We are so proud of you.
And we are so proud of her! She’s done an amazing job, and she is not done yet! So thank you for being with her. She has always been with you.
I have to say this tonight: goodnight. We will be back, and we will have more to say. Let’s get those votes counted, and let’s bring this home. Thank you so much for all that you have done, you are in all of our hearts, thank you!
The announcement was made after Clinton conceded to Trump through a phone call.
It was this news that Trump used to open his victory speech, along with a nod to his former competitor:
I’ve just received a call from Secretary Clinton. She congratulated us, it’s about us, on our victory, and I … her and her family on a very, very hard-fought campaign. I mean she, she fought very hard.
Hillary has worked very long and very hard over a long period of time, and we owe her a major debt of gratitude for her service to our country. I mean that very sincerely.
Trump calls to ‘bind the wounds of division’
As Trump continued his speech, he addressed the growing divide between political parties and citizens and called for unity, promising to “be the president for the American people”:
Now it’s time for America to bind the wounds of division—have to get together. To all Republicans and Democrats and independents across this nation, I say it is time for us to get together as one united people. It’s time. I pledge to every citizen of our land that I will be president for all Americans, and this is so important to me.
For those who have chosen not to support me in the past, of which there were a few people, I’m reaching out to you for your guidance and your help so we can work together and unify our great country.
Departing from previous speeches and bravado along the campaign trail, he also said:
Nothing we want for our futures is beyond our reach. America will no longer settle for anything less than the best. We must reclaim our country’s destiny and dream big and bold and daring. We have to do that. We have to dream of things for our country, and beautiful things and successful things once again.
I want to tell the world community that while we will always put America’s interests first we will deal fairly with everyone, with everyone. All people and all other nations. We will seek common ground, not hostility. Partnership, not conflict.
Declining markets and political challenges
Though Trump vowed to “no longer settle for anything less than the best,” the president has a long road in front of him to gain trust.
The news sent markets plunging. Forbes reported:
At one point overnight Dow Jones industrial futures were off more than 700 points , worse than the trading action in the wake of the Brexit vote in June and even the immediate aftermath of Sept. 11, while S&P 500 futures plunged more than 100 points. The 5% declines tripped circuit breakers designed to pause trading in periods of extreme swings. The 10-year Treasury yield dropped sharply as the perceived safe haven drew spooked traders and the Mexican peso plummeted to record lows against the dollar.
The news has sent shockwaves through markets all over the world, as well.
Holger Zschaepitz, senior editor of finance at German publication Die Welt, tweeted:
Trump damage in one chart. pic.twitter.com/vgR57fprCB
— Holger Zschaepitz (@Schuldensuehner) November 9, 2016
Stock markets (column 1) and emerging market currencies (column 2) are down, while the cost of insuring government bonds using a credit-default swap (column 4) has jumped.
But commodity prices are up (column 5), thanks to the weaker US dollar and the prospect of higher infrastructure spending.
Hours later, European stock markets continued to decline:
— Maxime Sbaihi (@MxSba) November 9, 2016
The new president will face immense and unrelenting challenges from Day One. He inherits a world in which liberal democracy is in retreat and U.S. leadership is doubted. The Middle East is in turmoil, North Korea’s nuclear arsenal is growing, Russia and China are flexing their muscles. At home, President Obama bequeaths an economy in generally good health but facing problems: slow growth, stubborn inequality, long-term stress on the federal budget.
Trump’s call for unity might be a tough sell, too. Though many have turned to Twitter to cheer for the incoming president under hashtags and terms including #ElectionNight and “President-elect Trump,” others have tweeted in droves under the trending hashtags #NotMyPresident, #StillWithHer and #twitterblackout.
The current president reached out to congratulate Trump, but the White House kept its remarks brief.
President Barack Obama invited Trump to meet with him at the White House on Thursday to discuss transition, and the White House said the president planned to address the election results in a statement Wednesday. White House spokesman Josh Earnest said Obama called Trump to congratulate him and also called Clinton to convey his admiration for the “strong campaign she waged throughout the country.”
The White House said Obama’s televised statement Wednesday would focus on “what steps we can take as a country to come together after this hard-fought election season.”