Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Israeli Prime Minister Benjamin Netanyahu and his wife Sara vote in Tuesday's elections. Photo: Ariel Schalit/AFP via Getty Images

Voting ended in Israel's election Tuesday, with exit polls projecting a dead heat.

The latest: Exit polls in Israel show Prime Minister Benjamin Netanyahu's Likud party won 35 seats in the 120-seat Knesset, while retired Gen. Benny Gantz's Blue and White party also clinched 35. Both candidates declared victory. This is the 4th election Netanyahu won in a row. 

Why it matters: The exit polls aren't always completely accurate, and the outcome will ultimately depend on each party's ability to form a majority coalition. The centrist Blue and White party was expected to win more seats, but Netanyahu and Likud have better odds of forming a government — likely an ultra right-wing bloc that would allow him to stay prime minister regardless of pending indictments for bribery, breach of trust and fraud.

By the numbers:

  • Channel 13's exit poll showed Netanyahu and Gantz tied with 36 seats each. But it projects the right-wing bloc to win 66 seats, meaning Netanyahu would ultimately get another term.
  • Channel 12's poll was more dramatic and showed Gantz leading Netanyahu 37 to 34, with the right-wing and centre-left blocs tied at 60 seats each. In this scenario, Gantz could be the next prime minister. 
  • The Channel 11 poll showed Gantz leading Netanyahu 37-36 but the right-wing bloc gaining a majority.

What to watch: The results will begin to take shape later tonight when the votes are counted and it becomes clear which of the smaller parties passed the threshold to enter the Knesset.

The backdrop: This year's elections were called early due to fractures within Netanyahu's ruling coalition. The race was the dirtiest and most negative in Israel's history, with several foreign countries, including the U.S. and Russia, exerting influence in the final weeks of the campaign.

Go deeper: Israel's elections mark referendum on 13 years of Netanyahu

Go deeper

Coronavirus hospitalizations top 100,000 for the first time

Expand chart
Data: The COVID Tracking ProjectHarvard Global Health Institute; Cartogram: Danielle Alberti and Andrew Witherspoon/Axios

More than 100,000 Americans are now in the hospital with coronavirus infections — a new record, an indication that the pandemic is continuing to get worse and a reminder that the virus is still very dangerous.

Why it matters: Hospitalizations are a way to measure severe illnesses — and severe illnesses are on the rise across the U.S. In some areas, health systems and health care workers are already overwhelmed, and outbreaks are only getting worse.

Dion Rabouin, author of Markets
27 mins ago - Economy & Business

Our make-believe economy

Illustration: Eniola Odetunde/Axios

The Federal Reserve and global central banks are remaking the world's economy in an effort to save it, but have created something of a monster.

Why it matters: The Fed-driven economy relies on the creation of trillions of dollars — literally out of thin air — that are used to purchase bonds and push money into a pandemic-ravaged economy that has long been dependent on free cash and is only growing more addicted.

New hope for "smart cities"

Illustration: Sarah Grillo/Axios

It's time to polish our gleaming vision of urban environments where internet technology makes everything from finding a parking space to measuring air quality a snap.

Why it matters: The Biden administration's Cabinet appointees are likely to be champions of bold futurism in urban planning — which could mean that smart infrastructure projects, like broadband deployment and digital city services, get fresh funding and momentum.

Get Axios AM in your inbox

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!