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Good morning the votes have been counted as Wall Street quietly suspected President Obama is elected to a second term.
And that makes Tuesday's Election Day rally an Obama rally.
The Dow surging a 133.
Points for reference when the president was first elected back in 2000 he.
The Dow surged more than 300 points but now what -- for one thing certainty returns to Wall Street and that's a good thing.
It's one reason why international stock markets are showing pockets of strength.
But for all certainty there's still uncertainty.
Case in point in dealing with the looming fiscal -- when 600 billion dollars a deep spending cuts and tax hikes are set to take effect in January.
Nearly every American will be affected if congress doesn't act to prevent it.
Most budget experts agree that going over the fiscal -- -- -- the US back into recession in the new year.
And just a week after super storm sandy -- more than 23000.
Flight cancellations in the northeast.
A snowstorm is threatening further headaches for travelers.
United Airlines is grounding about 500 flights between noon today and tomorrow out at the New York area.
Other airlines say they're -- situation in -- by the way is expected to cost the US carriers around 200 million dollars.
And the super storm -- retailers nearly four billion dollars that according to MasterCard advisors spending pulse.
That's business for more log on to foxbusiness.com.
In New York -- Lawrence amenity.
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