Morning Headlines - Thursday, Nov. 7, 2024 | Recent News

Start your day informed with today’s must-read headlines from around Wisconsin and the world. And don’t forget to check out our Meme of the Day and the end for a little humor to go with your news!

U.S. and World Headlines

Why Kamala Harris Lost: A Flawed Candidate Or Doomed Campaign?

Nearly a month ago, Kamala Harris appeared on ABC's The View in what was expected to be a friendly interview aimed at pitching herself to Americans who wanted to know more about her.

But the sit-down was quickly overshadowed by her response to a question on what she would have done differently from incumbent president, Joe Biden: "Not a thing comes to mind."

Harris's answer - which became a Republican attack ad on loop - underscored the political headwinds that her jumpstart campaign failed to overcome in her decisive loss to Donald Trump on Tuesday.

Democrats Start Clawing Each Others' Eyes Out

The dust has not yet settled from the 2024 election, but the Democratic Party's blame game over their bleak showing has already begun in earnest.

Democrats across the ideological spectrum are quickly seizing on this raw moment to try to redefine the party in their image.

"Instead of saying, 'How can people vote for Donald Trump,' we should be asking 'Why do people vote for Donald Trump'... what did he do right and what did we do wrong," Rep. Tom Suozzi (D-N.Y.) told Axios.

Israeli Prime Minister Benjamin Netanyahu Fires His Defense Minister

Israeli Prime Minister Benjamin Netanyahu on Tuesday dismissed his popular defense minister, Yoav Gallant, in a surprise announcement that came as the country is embroiled in wars on multiple fronts across the region.

Netanyahu and Gallant have repeatedly been at odds over the war in Gaza. But Netanyahu had avoided firing his rival. Netanyahu cited "significant gaps" and a "crisis of trust" between the men in his Tuesday evening announcement.

Nvidia Rides AI Wave To Pass Apple As World’s Largest Company

Nvidia Corp. became the largest company in the world on Tuesday, surpassing Apple Inc. and underscoring just how dominant artificial intelligence has become on Wall Street.

Shares rose 2.9% to $139.93, resulting in a market capitalization of $3.43 trillion, ahead of Apple at $3.38 trillion. Microsoft Corp., which Nvidia passed last month, has a market cap of $3.06 trillion. Nvidia has soared more than 850% since the end of 2022.

The Fed Is Expected To Cut Interest Rates Again Thursday. Here’s Everything You Need To Know

The Federal Reserve likely will stick to the business at hand when it wraps up its meeting Thursday with another interest rate cut, but will have its eye on the future against a backdrop that suddenly has gotten a lot more complicated.

Financial markets are pricing in a near-certainty that the central bank’s Federal Open Market Committee will lower its benchmark borrowing cost by a quarter percentage point as it seeks to “recalibrate” policy for an economy that is seeing the inflation rate moderate and the labor market soften.

Baldwin Defeats Hovde In A Race Close Enough To Allow A Recount

Wisconsin Sen. Tammy Baldwin won a third term, delivering a victory for Democrats in the swing state that President-elect Donald Trump carried on Nov. 5.

Baldwin defeated Republican challenger Eric Hovde, a bank owner and real estate investor endorsed by Trump. Hovde has not conceded the race, which was within the 1-percentage point margin that would allow for him to seek a recount, based on unofficial results.

In Wisconsin, 2024 Results Show It’s Trump’s GOP More Than Ever

Eight years ago, Donald Trump redefined the GOP coalition in Wisconsin. This year, he rode it to a record number of votes and a second term in the White House.

This election bore little resemblance to his 2016 campaign, when Democrat Hillary Clinton seemingly took Wisconsin for granted, and never visited. Vice President Kamala Harris energized the Democratic base, campaigning here early and often, receiving more votes than President Joe Biden did in his 2020 Wisconsin victory.

Trump simply took what worked for him the first time and turned it up a notch. No longer was there any reluctance among GOP voters to embrace the former president, now the president-elect. In Wisconsin, Trump led the way.

Republicans Steil, Van Orden And Wied Win Wisconsin Us House Seats In 2024 Election

Republicans won six congressional races in Wisconsin in the Nov. 5 election, turning back Democratic challenges in a western Wisconsin swing district and in an open seat in a heavily GOP corner of the state.

In the most hotly contested race, Republican Rep. Derrick Van Orden won reelection in western Wisconsin over Democratic challenger and political activist Rebecca Cooke. A political newcomer and former gas station chain owner, Tony Wied, won an open seat in the Green Bay area, defeating a doctor who tried to make the race about abortion rights.

Molson Coors To Close Leinenkugel’s Chippewa Falls Brewery

We learned Molson Coors announced plans to close the Leinenkugel’s brewery in Chippewa Falls, ending a more than century-and-a-half tradition of brewing in northwestern Wisconsin.

Molson Coors Chief Supply Chain Officer Brian Erhardt released a statement regarding the planned closure of the Leinenkugel’s Chippewa Falls brewery:

Following the end of a large contract brewing agreement and amid an ongoing canning line investment project at our Milwaukee brewery, we’ve made the decision to close two of our smaller brewing operations in Wisconsin and centralize statewide production at our main site in Milwaukee. While never easy, these choices are made with much thought and consideration to position Molson Coors for continued success in Wisconsin and beyond.

Attorney General Kaul And Bipartisan Coalition Of 30 States Announce Settlement With Kroger Over Opioid Crisis

Attorney General Josh Kaul alongside a bipartisan coalition of thirty state attorneys general, announced today a $1.37 billion settlement agreement with Kroger, addressing the grocery chain’s role in the opioid crisis. Wisconsin would receive up to $21.8 million for opioid abatement, with payments anticipated to begin early next year. This would make Wisconsin due to receive more than $780 million total in national prescription opiate settlements with distributors, manufacturers, pharmacies, and consultants.

“We’ve made major progress in getting accountability from companies that contributed to the opioid epidemic,” said Attorney General Josh Kaul. “With more resources available, more can be done to combat this epidemic.”