This is MORNING EDITION from NPR News. I'm Renée Montagne.
STEVE INSKEEP, HOST:
And I'm Steve Inskeep. Throughout this morning we've been reaching out for a variety of viewpoints on the election results and one person we've called is Michael Gerson, columnist for the Washington Post and former speechwriter for President George W. Bush. Mr. Gerson, welcome back to the program.
When Fox News called Ohio for President Obama, analyst Karl Rove insisted that the decision was premature. <a href="http://www.huffingtonpost.com/2012/11/06/fox-news-argues-obama-ohio_n_2085817.html?utm_hp_ref=media">Click here to watch the conversation.</a>
In China, President Obama's re-election has been greeted with muted relief, as NPR's Louisa Lim reports from Beijing.
LOUISA LIM, BYLINE: As the vote closed in the U.S., ballots were still being cast in Beijing at a mock voting booth at the U.S. embassy's election party. For Chinese students like Lily Zhang and Zhang Weiwen, the novelty of voting was a heady experience.
LILY ZHANG: It was great. The first time I vote for the American president. That's very amazing and I'm very honored.
Although exit polls showed a majority think the country is on the wrong track, voters still gave President Obama a second chance and four more years to govern. For a look at what to expect in a second term, Renee Montagne talks to Neera Tanden, who runs the Center for American Progress, a liberal think tank in Washington, D.C.
Good morning. I'm Renée Montagne. First-time mother and first-time voter Galicia Malone of Chicago didn't expect to become both on the same day. After going into labor a 3:00 AM, the 21 year old stopped by New Life Celebration Church to vote before driving to the hospital where she delivered a baby girl.
Originally published on Wed November 7, 2012 5:37 am
Once the news of President Obama's reelection spread, the congratulations started raining in.
NPR's Philip Reeves reports that one of the first messages came from British Prime Minister David Cameron.
"Above all congratulations to Barack Obama," Cameron said during a trip to Jordan. "I enjoy working with him, I think he is a very successful American president and I look forward to working with him in the future."
Correspondent Terri Schultz reports from Brussels that some leaders congratulated Obama through Twitter.
It wasn't a great night for the Republican Party, losing bids for the White House and control of the Senate. Republicans did retain the majority in the House, and House Speaker John Boehner found consolation in that. Speaking to supporters last night, he remained steadfast in his pursuit of a conservative agenda.
NPR's business news starts with a dive on Wall Street. Just this minute, the Dow Jones Industrial Average is down about 317 points. It's considered the worst drop of the year, so far. We're a little bit before noon in New York City. What's going on? We're going to try to find out. We're joined now by DavidWessel, economics editor of The Wall Street Journal. And David, as best you can determine, what's driving the drop?