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Joe Biden maintains lead in Georgia after hand recount

Nov. 20, 2020 12:59AM EST
Dan Ackermann

Georgia election officials released the results of the state's hand ballot recount of the 5 million votes cast in the presidential election on Thursday.

Why it matters: The report concludes that President-elect Joe Biden is ahead of President Trump by 12,284 votes, slightly narrowing Biden's lead of around 14,000 before the risk-limiting audit.

The big picture: Although Georgia does not have mandatory recount laws, the state permits a recount if the margin is less than .5%, according to NPR. The margin currently sits at at .3%.

  • Four counties with new vote totals must recertify their results, and statewide results must be certified by Friday.
  • After results are certified, the Trump campaign has until Nov. 24 to request another recount.

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Snap says it now has 500 million monthly active users

Snapchat on Thursday debuted a slew of new products and user metrics for things like games and augmented reality lenses that have been built using Snapchat's developer tools.

Why it matters: It's an important milestone in Snapchat's transformation from a social network to a camera company that caters to developers.

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The spike in global bond yields is setting up a clash between the world's top central bankers

While Fed chair Jerome Powell is brushing off the seismic rise in government bond yields and a corresponding decline in stock prices, a group of central bankers in the Pacific are starting to take action.

Driving the news: Bank of Japan governor Haruhiko Kuroda told parliament on Friday the BOJ would not allow yields on government debt to continue rising further above the BOJ's 0% target.

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“It feels like a brand new day": Schumer declares Democratic majority in Senate

Senate Minority Leader Chuck Schumer (D-N.Y.) declared on Wednesday that Democrats have gained control of the Senate, with Rev. Raphael Warnock having defeated Sen. Kelly Loeffler (R) and Jon Ossoff currently leading in the race against former Sen. David Perdue (R).

Why it matters: A 50-50 Senate would give Vice President-elect Kamala Harris the tie-breaking vote after Jan. 20. Democratic control of the Senate will decide the fate of Biden's presidency, from whether he gets his Cabinet nominees to whether progressives get their tax hikes and public spending.

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