Joe Biden launches transition website as markets record biggest post-election leap in decades
London, Nov. 5, 2020 (AltAfrica)-Joe Biden is heading for the White House as America’s 46th president saying he is confident he will win the presidency once the remaining votes are counted after President Donald Trump opened a legal fight to stop the tallies in at least two states.
Joe Biden is not declaring victory in the presidential race … but he is displaying a very high level of confidence by launching his transition website.
Addressing supporters, Biden said he believes he “believes” he will win. He flipped Arizona and Wisconsin, while taking California, Washington, New York and Illinois.
“The American people will determine who will serve as the next President of the United States. Votes are still being counted in several states around the country,” the website’s homepage, at buildbackbetter.com, says.
“The crises facing the country are severe — from a pandemic to an economic recession, climate change to racial injustice — and the transition team will continue preparing at full speed so that the Biden‑Harris Administration can hit the ground running on Day One.”
Although the Democratic nominee has emphasized every valid vote needs to be counted, his decision to launch a transition website is clearly meant to signal he views his declaration of victory as all but a formality at this point.
The outcome of the presidential race remains unknown, but investors are betting business is a winner.
Stock markets recorded their biggest post-election leap in decades on Wednesday. That’s because investors bet the closer-than-expected race would reduce the chance of big change for companies.
Health and tech firms, which are now seen as less likely to face regulation, led the gains.
Analysts said the likelihood of divided government meant a no-go for proposals backed by challenger Joe Biden, like higher taxes on companies, even if he emerges the victor.
On a call with reporters on Wednesday the Chamber of Commerce, a powerful business lobby, said results in state-level fights, like Uber’s victory in California over a worker protection law, also suggested voters were focused on “a pro-growth, pro-business agenda”.