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Florida Democrat Sen. Bill Nelson called Wednesday for a recount in his race for re-election against Republican Gov. Rick Scott.In a statement from Nelson's office, the longtime incumbent said Scott had prematurely declared victory in the race, which CNN has not yet called.In Florida, an automatic recount is triggered when the final margin is less than .5% and are not triggered by candidate requests. Votes were still being counted Wednesday morning, but Scott's lead was within that margin, according to CNN projections. The initial vote count won't be finalized until Saturday at noon. 598
For most of the pandemic, people have enjoyed record low interest rates, making way for a boom in mortgage refinancing. But experts say the upcoming election could have a major impact on whether those rates stay low."I think for a lot of reasons there will be even more volatility. You have the backdrop of the pandemic, you have quite a rivalry," said Josh Stech, Co-founder and CEO of Sundae, a company that helps people with homes in bad condition get their properties sold. Stech says the pandemic has created even more of a wedge between the two parties and interest rates will be impacted."I would say that we’re cautiously optimistic that we’ll see a strong 2021 regardless of who wins but there’s always that looming uncertainty of who wins and also what policies that follow that, that could impact unemployment, that could impact tax rates, that could just change consumer behavior again," said Stech.Matthew Garcia, a Senior Loan Officer with Supreme Lending, says historically, interest rates waver before an upcoming presidential election. "Last election in 2016, rates were in the lower threes. Literally, two to three days later rates went into the fours. That’s how violent and how rapid interest rates can move. A lot of folks', mistakes people make is they think the government makes interest rates. They don't. Interest rates for mortgages are controlled by bond market activity," said Garcia. Specifically, Garcia says, treasury bonds and mortgage-backed securities."Now, at some point, depending on what the next president decides to do, if that affects monetary policy by the Fed(eral Reserve) and the Fed has already come out and said we don't plan on changing anything but the president has the ability to influence that. If they make a decision that could ultimately affect what the Fed’s decision on monetary policy is, we would see a rapid increase in interest rates according with that," said Garcia.Another potential big influence on interest rates? "If COVID-19 is cured, you’re going to see rates spike overnight. Or any kind of change in economic policy or even, too, the economy itself being affected by COVID has the potential to drive interest rates a lot higher. So, there’s definitely on the horizon two major components, the election and COVID cure that are going to affect interest rates going forward," said Garcia.Garcia says it's best to take advantage of interest rates while they're low. Experts recommend speaking to a loan officer or financial advisor before taking out a loan. 2531

Ford is suspending production of the F-150 truck, its best-selling and most profitable vehicle, after a fire at a supplier's plant in Michigan last week.Ford announced that it will suspend production of the F-150 at its plant in Dearborn, Michigan on Wednesday night. It had already suspended truck production at a plant in Kansas City, Missouri. Those are the only plants that make the truck.A company spokesperson said he doesn't know when production will begin again. Ford doesn't expect any disruption for customers or dealerships because it has an 84-day supply of the truck in dealers' inventories. 612
First lady Melania Trump said victims who make accusations of sexual misconduct "need to have really hard evidence" in a recently taped interview, echoing a statement she made in October 2016 amid allegations against her husband."If you accuse (someone) of something, show the evidence," Trump said in a sit-down interview with ABC News that took place in Kenya last week during her first major solo trip to Africa.Trump also said she supports women, but she echoed her husband, President Donald Trump, adding that men need to be supported, too."I support the women and they need to be heard," said Trump. "We need to support them and, you know, also men, not just women."She added that women who come forward as victims should be prepared to back up their claims."I do stand with women, but we need to show the evidence. You cannot just say to somebody, 'I was sexually assaulted,' or, 'You did that to me,' because sometimes the media goes too far, and the way they portray some stories it's, it's not correct, it's not right," said Trump. 1049
First the disaster, now the polemic.As hundreds of rescuers continued their search Wednesday for survivors of a bridge collapse in Italy that killed dozens of people the day before, questions were being asked about how such an accident could happen in a modern industrialized country, the eighth-biggest economy in the world.Fingers are being pointed and there are calls for heads to roll. And, as can be expected in Italy, political infighting is reaching a fever pitch.Photos: The Morandi Bridge collapse in Genoa, ItalyBuilt in the 1960s, the Morandi Bridge was a vital link of the A10 highway that connects northwest Italy to France, across the Polcevera river in central Genoa. It was one of the busiest bridges in the country, carrying freight and tourists to and from the port city. 797
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