Donald Trump is going to be president: Here's all the important stuff you missed overnight

We have a Donald Trump presidency, so welcome to the madness.

The Republican candidate, with no political experience, pulled off a remarkable victory, taking to the stage just before 8am (Irish time) to say he’d had a call from Clinton congratulating him on his win – before all the results had even been declared.

But how did this happen? We hear you ask. Here’s how…

1. Trump took key swing states

Florida, Ohio, Wisconsin and North Carolina were important for both candidates and it was Trump who took them.

2. The republicans held on to a majority in the Senate too

Republicans held on to a slim majority in the Senate, in a stinging blow to Democrats, who had been nearly certain of retaking control. As Republican incumbents won in Missouri, Pennsylvania, North Carolina and even Democrat-friendly Wisconsin, democrat hopes began to fizzle.

Republicans started the night with a 54-46 majority in the Senate and are on track to end up with at least 52 seats, and the advantages of being in the majority are significant.

3. And they retained their power in the House of Representatives

For two more years the Republicans will have their lock on the House as they gained even more seats. The party has 226 seats at the moment to the Democrats 163.

4. And he won the popular vote

Even if America didn’t have the electoral college system, Trump still would have won based on an aggregate of American votes.  He currently has 48% of the popular votes, and they’re not even all in yet.

5. The markets have panicked

London’s FTSE 100 Index dropping as much as 2% or 146.8 points to 6696.3 as investors abandoned riskier trades including global stocks.

Shares also tumbled in Asia and the dollar and Mexican peso fell. US stocks are set to suffer when they open at 2.30pm Irish time, with Dow Industrial Average futures having fallen by as much as 4%.

6. Trump’s victory speech

In his maiden speech, Trump said it was time to “bind the wounds of division”.

He said: “All Republicans, and Democrats and independents across this nation, I say it’s time for us to come together as one united people. It’s time.

“For those who have chosen not to support me in the past – of which there were a few people – I’m reaching out to you for your guidance and your help so that we can work together and unify our country.”

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