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Control of Senate down to Perdue-Ossoff race

Yahoo Finance breaks down the latest news in the Georgia Senate Runoffs.

Video Transcript

JULIE HYMAN: Marquise, still we don't know the outcome of the Ossoff-Perdue race, but what are you seeing and hearing there in Georgia?

MARQUISE FRANCIS: Yes, thank you. And as you mentioned, we haven't had a verdict to date. Warnock becomes the first Black senator in Georgia's entire history and only the 11th Black senator in the nation's history. And John Ossoff, the young Jewish reporter himself, is set to make history. Even though the final numbers are not tabulated, right now, he's up by about 16,000 votes. There remains to be about 10,000 to 15,000 votes that have yet to be tabulated, but these are in the Democratic stronghold areas in and around Atlanta. And there's also some military and overseas votes that have until Friday at 5:00 PM to be collected. And I believe those are about 17,000 in total. And it remains to be seen how many of those votes come in.

But overall, today is really a historic day. Reverend Warnock winning the seat, taking over for Kelly Loeffler, who was appointed last year. And this is for a two-year term to finish out previous Senator Isakson's term. And John Ossoff on the cusp of also making history, taking over for the six-year incumbent in Senator David Perdue.

And I've been watching a lot of cable news last night in this morning. And a lot of people are really pointing to two main factors, one of those being Black mobilization efforts, really spearheaded by Black women. Obviously, everyone hears about Stacey Abrams, who between Fair Count and Fair Fight, a number of organizations that she started on the heels of her 2018 gubernatorial loss, really has been out mobilizing people. But there are a number of other people on the ground, organizations like Black Votes Matter led by LaTosha Brown, really getting out and really emphasizing the need for Black voters to be involved.

And it really paid off. There were-- obviously within the metro, Atlanta-area Black voters really came out and really overperformed, especially in the general election. And out and around rural areas where white conservatives rule the majority, Black voters still came out and overperformed.

And then the second thing is is Trump really lost this for the Republicans. The Republicans for the past two months have really been getting mixed messages. Since November 3rd, Trump has been saying your votes-- you've been cheated. Your votes possibly don't matter, but yet still vote. He's been claiming election fraud. Him and his allies have launched over 60 lawsuits. None of them have actually been successful in overturning any of the races thus far.

So it's a historic day here in Georgia and also for the entire US. I think the reason why this election had so much stakes is because it would really cement what Joe Biden can and could not do in his first two years in office. So this is big for Georgia, but this is really big for the entire country.

MYLES UDLAND: Yeah, Marquise, certainly different than, you know, election night, when it seemed like it was going to be-- we were going to run it backward four years with Republican control of everything. I want to talk a little bit about Stacey Abrams because there was questions about why she herself wasn't in this race. I think her national profile has really exploded in the last year. And certainly, this effort is going to cement kind of her role in the future of the Democratic party.

It's early here in figuring out what her legacy is from this race specifically. But as you see the future, again, of the Democratic party that's looking to re-engage with Black voters, how important is Stacey Abrams to that effort? I mean, is she the central figure right now, even maybe more so than Barack Obama?

MARQUISE FRANCIS: Well, I think right now, Stacey Abrams has the eyes and ears of the country, and especially the Democratic Party. When you look at this Senate race, when you think about who Republicans were attacking, obviously Warnock and Ossoff were on the ballot. But President Trump and Loeffler and Perdue really attacked Stacey Abrams. And as you mentioned, she lost in 2018 to the now Governor Brian Kemp.

But a lot of people are saying that one loss really is the catalyst to what we're seeing in this entire country. That loss kind of energized Abrams to help Joe Biden flip Georgia blue for the first time since 1992 and also help Ossoff. We'll See what the results with Ossoff are, but helped Warnock to win. And possibly, she will run in 2022 for the governorship. And I actually was able to ask Abrams a few questions yesterday about the possibility that Democrats win this election, how they're going to work with Republicans. And this is what she had to say.

STACEY ABRAMS: Georgia is a divided state. We are 50/50. And my point is that the 50% that share Democratic values of making sure that people have access to health care, to jobs, and to justice-- their voices need to be heard and that, as often as possible, we need to hold the power necessary to make those principles and values true. But it's always going to require partnership, or at least for the next decade.

Demographics are changing. Politics are changing, but nothing happens overnight. This is the beginning of a process. We're in the next phase, and this is the phase where we-- everyone knows it's possible. And now, we've got to get to the place where it's permanent.

MARQUISE FRANCIS: And absolutely-- I think the numbers are showing. Everyone knows-- Georgia actually becoming a swing state, no longer red, becoming more purple, up for grabs in the future. It went from a possibility to now a reality. So we'll see what comes today and in the coming days with the rest of the election results. But there's serious change happening in Georgia.