120 current dispatches · Major United States politics, elections, courts, federal policy, economy, accountability, and nationally consequential public-safety stories.
Donald Trump and the First Lady were safe after an incident at a D.C. event where law enforcement apprehended a shooter, prompting Trump to praise the Secret Service's response before a press conference.
ORIGINAL REPORTING ↗The Trump administration announces a three-week extension of the ceasefire between Israel and Lebanon, a development reported by the New York Post in live updates.
ORIGINAL REPORTING ↗The author argues that a recent security incident necessitates the construction of a secure ballroom on the White House grounds, citing historical demands from past presidents and security agencies.
ORIGINAL REPORTING ↗Donald Trump publicly commended the swift and brave actions of Secret Service agents and law enforcement who successfully apprehended a shooter during a recent event in Washington, D.C.
ORIGINAL REPORTING ↗Donald Trump receives support for restricting birthright citizenship from a liberal polling organization.
ORIGINAL REPORTING ↗Donald Trump addresses claims that he is anxious to end the war with Iran, asserting he is not under pressure regarding the conflict.
ORIGINAL REPORTING ↗A report alleges that former SPLC head Margaret Huang utilized her position to weaponize the organization against conservative groups.
ORIGINAL REPORTING ↗Donald Trump announced the cancellation of a diplomatic trip to Pakistan intended for talks with Iranian representatives due to concerns over Iranian leadership confusion and inefficiency.
ORIGINAL REPORTING ↗Donald Trump warns that failing to pass the SAVE AMERICA ACT and retaining the Senate filibuster would result in catastrophic political consequences for the US political party.
ORIGINAL REPORTING ↗Donald Trump claims the US Supreme Court ruled that companies benefiting from tariffs for decades should now be paid back 159 billion dollars.
ORIGINAL REPORTING ↗President Donald Trump and key administration officials met with Israeli and Lebanese representatives in the Oval Office.
ORIGINAL REPORTING ↗Donald Trump shared a repost on his social media platform, Truth Social.
ORIGINAL REPORTING ↗Donald Trump met with Los Angeles officials to discuss progress on wildfire recovery efforts.
ORIGINAL REPORTING ↗Donald Trump reiterated a December executive order promoting research into hemp-derived CBD and its benefits for chronic pain.
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When police arrived at 4:23 p.m., they said they saw "multiple children running across the roadway" and no adults in sight. The post 6 kids, including a baby, found running in the middle of the road while mom was at a friend's house: Police first appeared on Law & Crime .
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A woman in Pennsylvania was arrested after a dayslong search for her foster daughter ended in tragedy when the child's body was found in the trunk of a vehicle. The post Foster mother beat 10-year-old girl to death before telling relatives that the girl had gone back to her biological mother: DA first appeared on Law & Crime .
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Kayla Barrett was arrested after she allegedly stormed the field of a high school football game in Indiana and "violently" strangled one of the players. The post Woman stormed field of high school football game and 'violently' strangled a player during 3rd quarter melee: Police first appeared on Law & Crime .
ORIGINAL REPORTING ↗Voters across the country on Tuesday voiced their support for candidates who have pledged to place restrictions on data center development.
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Some tech companies are giving more generous severance packages, but here’s what to keep in mind.
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As part of the agreement, Hims said it won’t compound GLP-1 medications like Zepbound in the future.
ORIGINAL REPORTING ↗A Delaware AIC will be a separate legal entity whose day-to-day affairs are managed by an AI agent rather than a person. At the agent’s direction, the AIC can sue and be sued in its own name, hold and dispose of property, and incur obligations… That is a current proposal, here is the full article. […] The post Untethered AI agents in Delaware? appeared first on Marginal REVOLUTION .
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In today’s Front Page, Larissa Phillips on being a MAHA mom. Plus: The best of our midterms coverage.
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You’re reading The TNR Blue Book. Get daily scoops, strategy, and developments inside the liberal ideas factory delivered right to your inbox. Sign up for free . Inside Washington “We campaigned as affordability Democrats. That was the message of every single candidate across this country,” Representative Katherine Clark , who is poised to be the House majority leader come January, told CNN on Thursday. “And that is exactly how we’re going to govern.” Delivering on this message, however, is easier said than done. Representative Hakeem Jeffries , who is almost certain to be the next House speaker, likewise said that the party will be united “right out of the gate” to address the cost of living crisis—a topic that Democrats credit for their massive Election Day wins. In a “Dear Colleague” letter on Thursday, he proposed reversing cuts to the Affordable Care Act subsidies that have forced millions of Americans to pay more for health care, undoing cuts to Medicaid and SNAP, reversing tariffs, and stopping the war in Iran—all in the first 100 days of the next Congress. Some advocates are pushing Democrats to start even sooner. “Government funding runs out on December 11, and I think they should use that must-pass vehicle to demand an end to the war in Iran, bringing down gas prices. And they should ensure that the Medicaid cuts don’t go into effect in January, which would raise health care costs for families,” said Lindsay Owens , executive director of Groundwork Collaborative. Republicans, of course, might not go along with that while they still hold power in the lame-duck session. There’s also the issue of President Donald Trump ’s veto power, which could thwart Democrats’ affordability legislation during the next Congress. Trump has given conflicting messages, telling some journalists that he plans to work with Congress and others that he will become “Mr. Veto.” Some Democrats want to tailor their agenda to that reality. “How about we spend the majority of our time on stuff that we all agree on,” Representative Adam Gray of California told Semafor. Senator Brian Schatz of Hawaii is similarly cautious: “I do not think it is time to propose things that the president of the United States is guaranteed to veto,” said Schatz, who is in line for a Senate leadership role. “I think that’s a bit of wasted energy.” Progressives like Representatives Greg Casar of Texas and Ro Khanna of California, on the other hand, adamantly disagreed with that sentiment. “Make him veto Medicare for All. Make him veto a $25 living wage. Make him veto free childcare. Make him veto Block the Bombs to Israel,” Khanna wrote on X. Economists like Josh Bivens , chief economist at the Economic Policy Institute, also want to see Democrats go beyond just addressing the high cost of groceries and gas, which was a major part of the campaign. “In terms of the policy levers that will actually work to make affordability better,” he said, “we have at least as many, probably more, that work on the income and wage side than the price side.” Raising the minimum wage and passing labor legislation that empowers workers would increase incomes. It would be a way to give Americans more purchasing power without trying to lower the cost of goods directly, which can be more difficult. Jared Bernstein , chair of the United States Council of Economic Advisers under former President Joe Biden, makes a similar argument, and is concerned that Democrats could overpromise and underdeliver on lowering prices. “Nobody should be saying that they can lower the price of everything within the walls of Target and Walmart,” he said. “Trump, of course, made precisely such claims, and to say they redounded against him is a massive understatement.” One thing that most Democrats and experts can agree on: ending the Iran war as quickly as possible. Even if ending the war doesn’t immediately bring down the price of gas, it would begin the process. The war is deeply unpopular; in a remarkable soc
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Colorado Representative Lauren Boebert’s campaign said that it was “investigating some very unusual voting patterns,” as the MAGA congresswoman was on the brink of losing her reelection bid. As Democrat Eileen Laubacher’s lead over Boebert grew slightly Thursday in the race to represent Colorado’s 4th District, Boebert’s campaign released a statement suggesting foul play. Scott Gessler, the attorney for the campaign, claimed that the votes had been “trending” in Boebert’s favor since election night, “consistently lowering the margin under one percentage point.” “We are investigating some very unusual voting patterns and expect this election to head to a recount, one way or another,” Gessler continued. As of Friday morning, Laubacher was still leading Boebert 48.75 percent to 47.94 percent, with 97 percent reporting. The two candidates had a margin of 3,069 votes, more than three times the automatic recount threshold of 921 votes. Boebert’s campaign could still choose to pay for a recount. Colorado GOP chair Craig Steiner urged Republican voters Friday to cure any affidavit ballots . “Every cured ballot matters in a race this close,” he said in a statement.
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Donald Trump was stuck in closed-door meetings through most of Thursday—but his seething anger left over from the midterm elections was still alive and well on his social media feeds. The president logged onto Truth Social around 6:18 p.m. to lament about falling stock prices. “The Stock Market suffered one of the Worst Days in History based on the results of the Election. Such a sad thing to watch!” Trump penned. “It took so much work to get us to a level that no one has ever seen before, and then this.” “Your 401(k)s have, therefore, dropped,” he continued. “Remember, it wasn’t Republicans, it was Dumocrats. Do not fear, however, we will soon, one way or the other, be BIGGER AND STRONGER THAN EVER BEFORE.” The Nasdaq stock market took a dive this week, with tech-related companies tanking the hardest as shareholders grappled with the fallout of dozens of local data center–related ballot initiatives that largely banned or halted the development of the resource-zapping facilities across the country. But, simply put, that’s what Americans voted for. Worries over Silicon Valley’s immediate future were also triggered by numerous winning Democratic platforms, which promised to hammer down on regulations for and vote against data center construction. Trump likely felt the hurt in his wallet, as well. The president’s 2026 financial disclosures revealed sizable investments in a number of tech companies pursuing artificial intelligence projects, spending millions of dollars on stock purchases for Oracle, Microsoft, Nvidia, Meta, Amazon, Apple, and Alphabet. He’s also bet taxpayer money on the tech venture. Days into his second term, the president unveiled a $500 billion public-private venture to support AI development. The project was dubbed Stargate and backed by OpenAI, SoftBank, Oracle, and MGX. It’s possible that the silver spoon billionaire’s lifestyle is so far removed from the rest of American society that he simply can’t comprehend the public opposition to data centers. Trump will never be hard-pressed to find drinking water like the residents of Flint, Michigan ; he apparently doesn’t have to buy (or even pronounce ) America’s increasingly expensive groceries; he won’t need to split the cost of record-high gas prices at the pump between credit cards; and he will never experience the crushing toll of the housing crisis (a “ big yawn ,” he said in June, while profiting off it.) In August, Trump even went so far as to claim that anyone who opposes data center development is “ backwards and poor .” Later Thursday evening, Trump again blamed the stock market “crash” on the election results. “So sad to see, you only have yourselves to blame!” Trump wrote . But the true source of his spiral was revealed in a third post. “I JUST WASN’T ON THE BALLOT. IF I WERE, WE WOULD HAVE WON IN A LANDSLIDE! President DONALD J. TRUMP,” he wrote. Meanwhile, Trump has no public events scheduled for Friday. In fact, the White House didn’t even post his schedule for the day.
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Everyone is focused, and understandably so, on the question of how aggressive the Democrats will be in investigating President Donald Trump, his administration, and his enablers. But the actual main question that now confronts America in the wake of Tuesday’s Republican bloodbath is a different, and very simple, one. Will elected Republicans recognize the new reality and begin to return to the planet that the rest of us occupy, or will they continue in their supine servility to the man who brought them to this cataclysmic point—and who will do untold damage to this country and world in these next two years if they don’t help rein him in? Before we start to answer that question, let’s check its premises, because history overflows with people asking the wrong questions. Its premises are two. First, that we have entered a new reality. Have we? And second, is it in fact Trump who is responsible for the Republicans’ cataclysm? On the first premise, the answer is an emphatic yes. The election results are so overpowering that they transcend mere politics. This is a cultural change. There are moments in politics when you can just feel a dam bursting, when you can just hear a democratic people collectively screaming, We’ve had enough! I’m old enough to remember, and honest enough to confess, that 1980 was definitely such a moment. It wasn’t even Ronald Reagan’s landslide victory, though that was evidence enough. It was the flipping in the Senate of 12—yes, 12—seats, with numerous old liberal lions like Birch Bayh and Frank Church losing to no-name Republican contenders who were of a new and decidedly more right-wing breed than Washington was accustomed to at the time. I still remember watching the returns that night and thinking, Hmmm. Something is happening out there that I didn’t understand at all . On the second question, the answer is—well, it’s an even more emphatic yes. Vice President JD Vance can blame the midterm rout on the Iran war. Please, God, let that settle in as the conventional wisdom on the right, because it will doom them to further failure. This bloodletting happened because of Trump: the war, sure, but also the tariffs, the economy, the corruption, ICE detentions and killings, the hiring of his harlequinade of incompetents, the ballroom, the Reflecting Pool—all of it. Pollsters are paid to settle on one explanation, so they do what confused pols seeking clarity pay them to do. But the world and people’s brains don’t work that way, especially when a leader insists on making us think about him as incessantly as Trump does. Trump, in his unquenchable sleaze, malfeasance, corruption, and economic incompetence, just became too overwhelming for the average voter. Anyone who thinks this sea change was about anything else is lying or stupid. Very well. We’ve addressed the premises. Now let us return to the question itself. Now that Trump is about as lame as a lame duck can get, will congressional Republicans finally rise up against him in defense of reality? It’s the most important question of the moment because, tragically, under the rules of the modern media, Republicans will still have more power to stop him than Democrats will. Yes, Democrats will hold the committee gavels, and Democrats will have more power over subpoenas and witness lists and all the rest when it comes to congressional oversight hearings. That’s real power, and they should—and by most accounts will—use it. But we must presume that Trump will ignore, and will order all his people to ignore, the Democrats’ subpoenas. Think on it: Can you actually picture Stephen Miller, Tom Homan, or Kristi Noem answering a subpoena to traipse up to Capitol Hill to be grilled about, oh, how they got the addresses of the people they rounded up? I didn’t think so. The same thing goes for Todd Blanche, Pam Bondi, Pete Hegseth, Robert F. Kennedy Jr., the Trump sons, Jared Kushner, Elon Musk, dear old Big Balls , and the rest of the mephitic menagerie. So they’ll ignore the
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What do we actually mean by “equality”? Few thinkers have answered that question better than Elizabeth Anderson: not identical outcomes but a society where no one gets to dominate anyone else, including at work.
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Survivor Bias We, the lucky ones, emerged this week from one of the darkest stretches in American history. The jubilation,...
ORIGINAL REPORTING ↗A class action lawsuit filed this week accuses the Foundation to Promote Open Society, the central cog in billionaire liberal donor George Soros's behemoth nonprofit network, of conspiring to execute a Chinese-backed scheme to obstruct data center development in Seattle. According to the complaint reviewed by the Washington Free Beacon, the alleged scheme has cost workers jobs and subjected their families to harassment. The post Soros Groups Orchestrated China-Funded Scheme To Harass Seattle Data Center Developers and Workers: Lawsuit appeared first on .
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‘We also campaigned on not getting into these things’
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Cold and calculated
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Wall Street suffered its worst selloff since April 2025 as the S&P 500 plunged 4.4%, with collapsing AI stocks wiping out post-midterm gains and raising concerns about the broader economy.
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‘Iran can degrade U.S. space capabilities’
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‘It will cost hundreds of millions of dollars’
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‘His legacy will remain’
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LaKesha Womack won North Carolina’s 14th District over Tim Moore while facing a pending Class H felony for failing to return a 2019 rental car.
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‘Hegseth will not back down’
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The backlash shouldn’t surprise anyone.
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‘laying out the best lessons that we have learned’
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‘Voters were concerned with the high cost of living’
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‘If they resist, kill them’
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The voters are not ‘theirs’
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“Trump took 5 deferments to keep from serving in Vietnam so you can shove that tough guy talk up your a**,” Ojeda wrote on social media The post Ex-Young Turks Host Elected to Congress Tells Hegseth to ‘Shove that Tough Guy Talk Up Your A*s’ first appeared on Mediaite .
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Sununu blamed Trump's business dealings and ongoing military campaign against Iran for driving voters away from Republicans in the midterm elections. The post Trump Scorched by Defeated GOP Senate Candidate Over Corruption: ‘Seems Like He or His Family Is In on Every Transaction or Deal’ in DC first appeared on Mediaite .
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Elon Musk announced that Tesla "will be winding down production" of Cybertrucks next year, which he said was "to make room for increased Cybercab production," but industry observers noted was after years of poor sales, recalls, and other troubles. The post Tesla Is ‘Winding Down Production’ of the Cybertruck After Years of Poor Sales and Recalls first appeared on Mediaite .
ORIGINAL REPORTING ↗A newly revealed video shows a pulse-pounding meeting between Joran van der Sloot and an attorney for Natalee Holloway's mother, as the Dutchman attempted to extort the missing Alabama teen's family while dangling information about her whereabouts. The post Never-Before-Seen Footage Shows FBI Sting Operation With Natalee Holloway’s Accused Killer first appeared on Mediaite .
ORIGINAL REPORTING ↗Rep. Jim Clyburn (D-SC) revealed to Politico's Dasha Burns that he'd support a motion to expel Rep. Haley Stevens (D-MI) from the caucus. The post ‘Wow!’ Politico’s Dash Burns Stunned as Jim Clyburn Tells Her He’d Vote to Expel Haley Stevens first appeared on Mediaite .
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IN THE GOP, A NEW 2028 RACE. Midterm elections are traditionally seen as the start of the next presidential contest. But this year, the Democratic wave might be seen as the end of one 2028 race and the beginning of another. The sheer size of the Republican defeat left party supporters going through a heavily […]
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Washington Examiner columnist Joe Concha praised the WNBA’s Sophie Cunningham for promoting personal responsibility in the wake of the midterm elections. Cunningham, a guard for the Indiana Fever, seemingly weighed in on the elections Wednesday after sharing a message from entrepreneur Andy Frisella on Instagram. “A population of weak, unhealthy, uninformed and dependent people is […]
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Religiously unaffiliated voters significantly outnumbered white evangelical Christians in the 2026 midterm electorate, marking a widening demographic divide as Democrats scored substantial victories and Republicans lost control of Congress. White evangelical or born-again Christians accounted for just 17% of voters Tuesday, down from 23% in the 2024 presidential election and 24% in the 2022 midterm […]
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The top federal prosecutor in South Florida resigned Friday, marking another leadership departure from the Justice Department investigation into whether former intelligence and law enforcement officials conspired against President Donald Trump. U.S. Attorney Jason Reding Quinones, whose office oversaw the investigation into the origins and handling of Trump-Russia collusion allegations, submitted his resignation, Attorney General […]
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Senate Minority Leader Chuck Schumer (D-NY) on Thursday pledged to block Supreme Court nominees on a partisan basis whom President Donald Trump could seek to appoint. A vacancy on the Supreme Court in the next two years, due to a retirement or death, would give Trump the opportunity to appoint a new justice, who must […]
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Tesla CEO Elon Musk said his electric vehicle company is pulling the plug on its fleet of Cybertruck vehicles in 2027 and pivoting to developing its fully autonomous robotaxi. “Tesla will be winding down production of the Cybertruck at Gigafactory Texas around the middle of next year to make room for increased Cybercab production,” Musk […]
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Welcome to Friday’s Washington Secrets. There’s only one story in town: the stunning midterm election results. We have our usual roundup, with the help of our friendly strategists. Plus what Karine Jean-Pierre did next … The week began with Donald Trump on the road. His campaign travel came to a close on Sunday with rallies […]
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The disruption of Ukrainian access to American satellite systems last month sent a clear warning to allies worldwide: if the United States offers access to its world-class military assets, it can just as quickly rip it away. Ukraine became a sitting duck on Oct. 13 after access to its Starshield systems was restricted, compromising its […]
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It wasn’t a blue wave. It wasn’t even merely an indigo tsunami from voters appalled by corrupt candidates (see: Texas Attorney General Ken Paxton), anti-Semites and racists (see: Georgia Rep. Mike Collins and Bo French), nepo babies (see: Sen. Darline Graham), credibly accused abusers (see: Rep. Max Miller), grifters, and charlatans (see: in many cases, […]
ORIGINAL REPORTING ↗can go forward on First Amendment coercion, First Amendment retaliation, and defamation grounds, a federal district court concludes.
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A tax form and U.S. $100 bills
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Ready for some wordplay? Sharpen your skills with Slate’s puzzle for Nov. 6, 2026.
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Today's puzzle has five pears.
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Seth Meyers has some choice words for Vice President JD Vance after his fragile attempt to reverse course. After Republicans faced a devastating loss in Tuesday’s midterm elections, taking back control of both the House and the Senate, Vance issued a lengthy statement distancing himself from his own administration’s alienating and divisive policies. His words appeared to be a rebuke of the president himself, as Vance said the war in Iran was the biggest reason why MAGA took such a hit. “The real reason we lost is obvious to almost everyone,” Vance, 42, wrote on X. “The reason we lost is the war. The president himself said so last night,” he said, adding three other reasons: the skyrocketing cost of living, America’s relationship to Israel, and putting “America first.” Read more at The Daily Beast.
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Jimmy Fallon has mocked the president as his party falls apart after the midterm elections. On Thursday night, the late-night host highlighted widespread rumors that the Trump administration is falling apart. “Yeah, the White House is still in shock after the midterms. Right now, they all have what’s being described as resting Patel face,” began Fallon, displaying a photograph of the beleaguered FBI leader Kash Patel. Read more at The Daily Beast.
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The president is scrambling to a network owned by a Trump-friendly billionaire for his first in-depth interview since Republicans suffered sweeping losses in the midterms. Trump is slated to tape an interview Friday for Sunday’s 60 Minutes , CNN’s Brian Stelter reported on X . The sit-down is Trump’s first in-depth interview since the Republican Party’s midterm losses on Tuesday, and CBS News sources confirmed the plan to CNN while cautioning it hasn’t taken place yet. The White House schedule lists “a pre-tape interview” at 10:30 a.m. Eastern. It is a high-profile stage, since 60 Minutes is the highest-rated newsmagazine on American TV. Read more at The Daily Beast.
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Martha Stewart has issued another apology after her Halloween fiasco, this time to Today host Craig Melvin. The lifestyle mogul has been under fire since she decided that dressing up as a homeless person was an appropriate Halloween costume. In a bizarre turn of events, she blamed Melvin for the controversy . Stewart, 85, was condemned after she wore tattered clothes, smearing black “dirt” on her face, and held up a sign reading, “I AM HUNGRY HELP ME!!” She inexplicably accompanied this Halloween post with a pitch to buy her QVC candles. Read more at The Daily Beast.
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Donald Trump’s son-in-law and his top MAGA prosecutor have emerged as prime targets of Democratic investigations into soaring costs and corruption following Tuesday’s midterm wipeout. Days after winning back control of the House and Senate, Democrats have signaled that they intend to haul Jared Kushner into Congress over the Iran war as well as D.C. Attorney Jeanine Pirro over the taxpayer-funded botched Reflecting Pool, which party leaders have dubbed “the Strait of Warm Ooze.” Asked about the Democrats’ priorities when the new Congress begins, Rep. Jamie Raskin argued that stopping the government’s corruption and making life more affordable were inextricably linked–and as such, the party would tackle both. Read more at The Daily Beast.
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Ohio Governor-elect Amy Acton said she has no intention of speaking to her MAGA election rival, Vivek Ramaswamy, after he used her estranged mother in a twisted campaign ad. Speaking to CBS Mornings on Friday, the Democrat blasted the Trump-endorsed candidate over the “terrible and despicable” ad featuring her mother, Donna Arthur , in a desperate attempt to cast doubt on her credibility. Acton has not spoken to her mother for decades after Arthur lost custody of both her children in the late 1970s while standing by her husband, Cledith Arthur, after he was charged with raping Acton when she was a young child. Read more at The Daily Beast.
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Top Republicans fear the scale of the party’s defeat in the midterms means that they’ll need to look outside Trump’s circle for a 2028 candidate. Semafor spoke to half a dozen Republicans in the wake of the Republican defeat, which saw Democrats seize control of both Houses of Congress, and they doubted voters would embrace any successor chosen by Trump. Vice President JD Vance, long touted as the most likely candidate to succeed Trump, took a swipe at the president’s election strategy in a post on X on Wednesday, blaming the result on the Iran war in an apparent bid to distance himself from the fallout. Read more at The Daily Beast.
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President Donald Trump’s eldest son has been surprisingly candid in calling out why his father’s candidates got “smoked” in the midterms. Donald Trump Jr. admits MAGA voters turned on Republicans because his dad launched a war with Iran after promising on the campaign trail that a vote for him was a vote for no new wars. “I’ve seen a few talking heads—guys like, you know, Mark Thiessen out there trying to claim that the Iran war had nothing to do with Republicans losing, right? There’s no downside to the Iran War,” Don Jr. said on his Triggered podcast. “Disgusting, actually.” Read more at The Daily Beast.
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The clear message to Washington read loud and clear.
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What was expected to be a strong showing for the Democrats turned out to be a total wipeout of the Republican Party as we know it. The Democrats made massive gains in the House and the Senate. It was the kind of devastating outcome for Republicans that we haven’t seen in a while, the likes…
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A Mississippi political science professor said voters seemed to be “really enthusiastic” about Democratic Senate candidate Scott Colom, but when it comes to his opponent Sen. Cindy Hyde-Smith (R), “there was a lot of voter apathy.” “Colom’s a really high-quality candidate,” Aaron Hitefield, assistant professor in the Mississippi State University Department of Political Science and…
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Donald Trump's rhetoric and policy failures contributed to significant losses for Republicans in congressional elections, even as Democrats secured victories across several key states.
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Senate Republican candidate John Sununu says President Trump deserves much of the blame for Republicans’ blowout losses in Tuesday’s election, which will give Democrats their biggest Senate and House majorities in years. Sununu in an interview with SiriusXM’s “The John Kasich Show” said Trump’s inability to end the months-long conflict with Iran and his failure…
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Kylen George Johnson Allen will avoid prison despite being convicted in connection with the November 2025 death of his newborn in Minnesota. The post Dad who left newborn to die by 'propping' him up with bottle while he 'ran an errand' is sentenced first appeared on Law & Crime .
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An 81-year-old man endured hours of horrifying torture after being lured to a Maryland home, where two people covered him with hot "syrup" for a safe combination, cops say. The post 81-year-old doused with microwaved 'syrup' as a torture tactic to get safe combination, attackers also marked where 'his heart would be carved out': Police first appeared on Law & Crime .
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The judge didn't buy eleventh-hour claims regarding presidential security and defense benefits that Pete Hegseth touted in a declaration. The post 'The harm is certain': Trump's Jan. 6 judge stands between president and his arch dreams with blistering late-night order, following marathon hearing first appeared on Law & Crime .
ORIGINAL REPORTING ↗Kalshi traders cut the odds of an Anthropic IPO announcement before December as AI stocks sold off after Democrats won control of Congress.
ORIGINAL REPORTING ↗At the Investing Club's 4th annual meeting, Cramer also reveals his outlook for 2027 and answers questions from the live audience and members at home.
ORIGINAL REPORTING ↗Data centers are a crucial part of President Donald Trump's push to win the global artificial intelligence race, which continues despite the midterm results.
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Despite the steep drop in equity markets this week, investors should wait for several developments in other asset markets before rushing back into stocks, Michael Hartnett said.
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Analysts warn of further volatility ahead, though there are two new factors that work in the AI trade’s favor.
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After a disastrous midterm showing that placed the future of the MAGA movement in abject peril, the White House decided it was a good time to let conservative groups know that they were being watched. A Thursday memo from the White House Office of Public Liaison sent to about 3,000 conservative organizations listed a series of Trump accomplishments, vowing that a Democratic Congress wouldn’t reverse them, according to The Wall Street Journal . But the memo ended with one sentence highlighted in yellow: “As always, we are monitoring statements, press releases, and media engagements from your organizations.” “‘We’re watching you’ is not the message the White House should be sending,” Caroline Sunshine, a White House aide during Trump’s first term, wrote online. “We’re LISTENING to you is what anyone in the WH who has the President’s best interest should be saying.” Earlier emails from the White House office didn’t include language about “monitoring” groups, according to a review by the Journal . The shift comes as a flurry of conservative voices, from commentator Matt Walsh, to Florida Governor Ron DeSantis, to Vice President JD Vance himself, have lambasted President Trump’s policies and decision-making—placing sole blame on him for Republicans’ midterm election loss. And while the office told The Wall Street Journal that it wasn’t a threat, this is an ominous message to send to a coalition that is actively fracturing.
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Ivanka Trump, the president’s daughter, got to take a nice birthday trip to Marrakesh, Morocco, with taxpayers helping to foot the bill. The Daily Mail reports that Trump was spotted walking through the streets of the city on October 29, one day before her 45th birthday. The newspaper obtained federal records showing two Secret Service contracts adding up to $93,000 for agents to secure and stay in two five-star hotels ahead of Trump’s arrival. These included a $59,543 contract for rooms at the five-star Sofitel Marrakech, and a $33,457 contract for a Secret Service team at La Mamounia, where the Kardashian family and Winston Churchill have stayed. Those bills don’t include agents’ transportation, meals, flights, or salaries. Officially, Ivanka Trump is not a White House employee, but is entitled to Secret Service protection as a child of the president. The trip was reportedly not long, as the Daily Mail ’s source said that she returned to the U.S. in time for Tuesday’s midterm elections. Moroccan news outlet Le360 said that Trump was seen walking through Marrakech’s old neighborhoods and souks, and ate traditional Moroccan food. It’s her third visit to the country, according to the news outlet, as she visited on a diplomatic trip in November 2019 when she was an employee of the first Trump administration, and later in summer 2022 on a private trip with her husband Jared Kushner. Ivanka Trump’s net worth is estimated at $100 million. Even though she is entitled to Secret Service protection, at a time when many Americans are struggling (thanks to her father’s policies), she should be willing to reimburse the government for all of the high-end expenses she racked up in Morocco, as five-star hotels don’t come cheap. But perhaps we should be grateful that she didn’t stay at a Trump-owned property and force the Secret Service to fork over money to the family business like her father often does.
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After this week’s elections, Democratic congresspeople from working-class backgrounds are set to grow their numbers by 75%. They have a chance to push the party’s agenda in a pro-worker direction. Organizing in a congressional caucus can help them do that.
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I wanted to flag this critical data point: across the Deep South (AL, MS, SC, LA, GA) the percentage of...
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TPM’s Untitled Live Show (Name TBD) returns today at 2 p.m. Eastern. If you think everything to be said about...
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The Post reported that Washington law firms are already advising executives on preparing for subpoenas and congressional hearings. The post Here’s 6 Investigative Priorities – and the 3 Tech Giants – on Dems’ Trump Probe Hit List first appeared on Mediaite .
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Consider a veteran who comes home from his last tour to his family in the mountains of West Virginia. He finds solace in the slowness and solitude of the land he has worked so hard to call his own. He spends time with his family and starts the transition to the slower pace of life, […]
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The voters have spoken, and a new Democratic majority is headed to Washington. No matter what side of the aisle you support, American families and job creators, the consequences could extend well beyond politics. Hard-won efforts to rein in the IRS are now at risk of being reversed, potentially opening the door to renewed political […]
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Republicans’ midterm elections wipeout puts President Donald Trump in a new situation from what he’s faced over his cumulative nearly six years in office — negotiate with a combined Democratic Congress or further test the constitutional limits of executive power. Trump and Republicans actually on the ballot this year were on the business end of […]
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Those banking on a loss for Israeli Prime Minister Benjamin Netanyahu in last week’s elections were sorely mistaken. Although neither his bloc nor the opposition has a straightforward path to forming the next government, it is astonishing that Netanyahu’s political fortunes endure at all. Consider the headwinds he faced in this election. On Oct. 7, […]
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Democrats had a big night on Tuesday. They took back the House and Senate, flipped seats Republicans once considered safe, and handed Washington a result it will be chewing on for years. But elections have consequences, starting with the crazy things that Sen. Elizabeth Warren (D-MA) has proposed over the last week alone that would […]
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Tuesday handed Congress to the other party and started a clock. The administration has two years to leave something behind, with a House and Senate that owe it nothing. Laws get repealed. Rules get rewritten. But a yard with steel in the ground stays, and its payroll stays, whoever takes the oath in 2029. A […]
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James Carville says Democrats are planning to turn Donald Trump’s remaining two years at the White House into a legislative nightmare in an effort to kill off the MAGA movement for good. “What they want is to humiliate Trump,” he told listeners of his Politicon podcast on Thursday. “We want to watch him wither in anguish and misery and pain.” The veteran Democratic strategist has unveiled a plan to turn the president’s last remaining weapon against him by flooding his desk with popular bills and using his inevitable rejections to hammer Republicans in 2028. Read more at The Daily Beast.
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President Donald Trump has raged at “foolish” leaders rejecting the “riches” brought by AI, days after millions of voters rejected the president’s tech policies in the midterms. In a Truth Social post early Thursday , Trump, 80, extolled the virtues of AI, which he has sought to rebrand as ‘Super Intelligence,’ or SI. “As President, I am 100% in favor of Super Intelligence (SI), and will work with the many States in the U.S. that want to become RICH by having them,” posted Trump. “They are GOLD, and only foolish leadership will say “NO” to the riches they bring! President DJT” Read more at The Daily Beast.
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A firebrand New York Republican has had a meltdown after the Daily Beast accurately reported on him going after a female reporter. Anthony Constantino launched into a foul-mouthed tirade while declaring victory in the New York 21st District election against Democrat Blake Gendebien, even though the Associated Press has not called the race. During his victory speech, Constantino launched a Trump-esque attack on the “evil media” for reporting on his aggressive and confrontational campaign style and social media rhetoric. Read more at The Daily Beast.
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MAGA podcaster Tim Pool warned President Donald Trump that a crucial voter bloc wants to destroy his party. Pool made the bleak assessment on Thursday’s edition of Jesse Watters Primetime with Fox News host Jesse Watters, after the 80-year-old president’s election disaster this week. Republicans suffered a wipeout in Tuesday’s elections , with Democrats seizing both chambers of Congress in a sweeping repudiation of Trump and his party. The Republican collapse included GOP strongholds Texas, Kansas and South Carolina. Read more at The Daily Beast.
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Democrats may be in charge of the legislative branch, but it's likely to be a long two years — at least — before they get anything done.
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California criminal defense attorney Mark Geragos said California Gov. Gavin Newsom’s (D) move to commute all death-row sentences in his state was political. Geragos joined NewsNation’s Jesse Weber on Thursday and said the California governor’s move to commute the sentences of 548 inmates facing execution could be viewed as a political move despite Newsom’s history…
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A former official at the Department of Homeland Security (DHS) said it is “going to take a generation for people to trust the department again,” adding that immigration agents “don’t know what they’re doing.” “Those agents need to be out there investigating spies, terrorists, pedophile rings,” Miles Taylor, a former DHS chief of staff, told…
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The chances have increased for Ukraine to receive additional U.S. assistance, Ukrainian President Volodymyr Zelensky said Thursday, reacting to Democrats’ overwhelming victories in the midterm elections.  Ukraine needs to consolidate bipartisan support in the U.S. and “move toward” the new political infrastructure, he added in an interview with a Ukrainian news channel posted on the…
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John Williams, the president of the Federal Reserve Bank of New York, said Friday inflation remains too high amid multiple price shocks. “Inflation is absolutely too high. It’s been too high for too long,” Williams said at a European Central Bank conference in Germany. He later added, “It’s absolutely essential that we bring inflation back…
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The prosecutor whose South Florida office oversaw President Trump’s so-called grand conspiracy probe has resigned from the Department of Justice (DOJ), Attorney General Todd Blanche announced Friday. “United States Attorney for the Southern District of Florida Jason Reding Quiñones submitted his resignation from the Department of Justice,” Blanche wrote on the social platform X. “We…
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Elon Musk announced on Friday that Tesla will wind down production of its Cybertruck next year after years of poor sales for the electric truck. In a post on the social platform X, the Tesla CEO said Cybertruck production will wind down at Gigafactory Texas in mid-2027 “to make room for increased Cybercab production.” The…
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Another Netanyahu government would not bode well either for Israel or for the U.S.
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An attorney for Mississippi Democratic Senate candidate Scott Colom said Republican efforts to separate particular ballots are illegal under state law and should not be followed, according to a letter sent to county election commissioners Thursday. The letter comes in reaction to the National Republican Senatorial Committee’s request to all 82 Mississippi counties that they…
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Details are developing.
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House Majority PAC President Mike Smith said Democrats’ gains are “on the very high end” of the group’s expectations.
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Officials across Europe reported a fresh slew of bomb threats against multiple flights on Friday, following a string of hoaxes that have caused flight diversions this week. Two broadcasters also received security threats.
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A 21-year-old college student escaped his knife-wielding brother's grip inside their Oregon home and then ran outside for help — where cops proceeded to shoot him at least five times, a lawsuit says. The post College student yells out 'you shot the wrong guy' after cops pump 5 bullets into him following hostage situation with his brother: Lawsuit first appeared on Law & Crime .
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A Connecticut man was killed by a "projectile" that came crashing through his windshield during an early-morning drive, according to his family. Cops believe the object was thrown from an "overpass." The post Man killed by 'projectile' hurled from highway overpass, object smashed through his windshield as he was driving down the road: Family first appeared on Law & Crime .
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Trump, Qatar's Emir Discuss Iran Peace Deal As Brent Suffers Biggest Weekly Drop Since COVID Crash Brent crude futures briefly tumbled to $96 a barrel before rebounding to $98.50 as diplomatic efforts to end the nine-month war with Iran progressed toward the end of the week. President Trump spoke with Qatar's emir about Doha's efforts to broker a peace deal between Washington and Tehran. The Democratic sweep in Tuesday's midterms and Trump's subsequent comments that he had no immediate plans to strike Iran have eroded the war risk premium in crude. Brent is on track for its steepest weekly decline since the oil market crash of April 2020 . President Trump and Qatar's Emir Sheikh Tamim bin Hamad Al Thani held a call "aimed at reaching a comprehensive agreement to end the regional crisis," according to a report from Arab Weekly . More color about this week's diplomatic signals from the London-based newspaper: Iran sent the United States a nuclear proposal through Qatar , which Tehran says can be discussed only after Washington meets its seven demands, a senior Iranian official told Reuters on Thursday. The official, speaking on condition of anonymity, said the United States was reviewing the proposal but declined to give further details. Mediators have stepped up efforts to end the war between Iran and the United States amid fears that hostilities could resume after the US midterm elections. Trump on Tuesday declined to rule out restarting combat operations after the vote, while Iran is planning a wider retaliation if the war resumes. Iran's top security official Mohsen Rezaei said earlier on Thursday, during a visit to Russia: " On the issue of diplomacy, we have announced seven conditions to the Americans . As long as they do not execute our seven conditions, we will neither open the Strait of Hormuz nor have negotiations." Iran has called for the lifting of US sanctions , the release of frozen Iranian assets and war reparations, among other conditions. Washington, meanwhile, has insisted that nuclear issues must be included in any initial negotiations. Separately, Iran's state broadcaster, IRIB, cited Ali Bagheri Kani, deputy secretary of Iran's Supreme National Security Council, who said, " Iran must see practical US actions with its own eyes, and once those actions are observed, the ground will be set to open a new chapter," adding, "It is Iran's right not to settle for paper commitments from the Americans before entering a new stage of diplomacy ." On Thursday, UBS energy expert Dominic Ellis wrote that the collapse in crude's war risk premium this week reflects the prospects for peace and the potential for the Strait of Hormuz to reopen fully. But he warned that those hopes are colliding with the harsh reality that replenishing depleted global oil stockpiles could take considerable time. Ellis pointed out that the conflict has drained nearly 700 million barrels from global inventories . Fundamentals still point to a severe global energy crisis that won't dissipate anytime soon. Read the UBS report here . Our report earlier this week showed that US distillate stockpiles plunged below 100 million barrels for the first time since 2003. Tyler Durden Fri, 11/06/2026 - 07:20
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Tesla To "Wind Down" Cybertruck Production At Gigafactory Texas " Tesla will be winding down production of the Cybertruck at Gigafactory Texas around the middle of next year to make room for increased Cybercab production ," Elon Musk revealed on X early Friday morning. Tesla will be winding down production of the Cybertruck at Gigafactory Texas around the middle of next year to make room for increased Cybercab production — Elon Musk (@elonmusk) November 6, 2026 Musk described the Cybertruck as the " best vehicle Tesla has ever made" and said winding down production would mark the " end of an era ." US Cybertruck sales fell well short of Musk's goal of 250,000 units per year. Kelley Blue Book estimates that Tesla sold 38,965 Cybertrucks in the US in 2024, 20,237 in 2025, and 11,586 in the first nine months of 2026, for a total of 70,788 over that period. "It doesn't make sense to keep it going when it's not meeting its targets ," former Aston Martin CEO Andy Palmer told Reuters. "Every rational auto guy would say the same." "It will no doubt only be a rounding error on Tesla's balance sheet, but the statistics speak for themselves ," Palmer said. Electric pickups have struggled to gain traction with American buyers. Ford Motor understood, with the now-discontinued F-150 Lightning, and Dodge canceled plans for the Ram 1500 EV. GMC has experienced a sharp decline in Hummer EV sales as the broader EV industry languishes. However, Musk touted on the third-quarter earnings call that interest in Full Self-Driving software was "very strong." "Demand is growing rapidly for our vehicles. It's exceeding our production by a significant margin," Musk told investors. " The biggest driver for demand is full self-driving, and today there's really no competitor for FSD in any car that you can buy ." The Cybertruck did, however, stand out to US Special Forces, who described it as the most advanced truck ever built ( read that note here ). Musk's focus is now on the nationwide Robotaxi rollout, which will require Tesla to ramp up vehicle production. As for the Cybertruck, one question remains. Could Tesla bring it back in the years ahead as a cheaper second-generation model? Musk's other focus is SpaceX. He aims to bring rocket launch costs even low enough to make data centers in low Earth orbit viable, beyond the reach of the Democratic Socialist Party's push for ground moratoriums (at least for now). He also aims to take on AT&T, Verizon, and T-Mobile with a new mobile carrier that could launch in the coming year. The target for a broader commercial rollout is 2028. Also, let's not forget Optimus is coming ... Tyler Durden Fri, 11/06/2026 - 07:40
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Firewood Stacked? Meteorologist Warns "First Legit" Cold Blast Of Season To Hit Mid-Atlantic & Northeast New model guidance suggests readers in the Mid-Atlantic and Northeast had better have their firewood stacked, anthracite coal stockpiled, and heating oil and LP tanks filled to the brim, because the first proper intrusion of cold air into both regions could begin as soon as next week, with the possibility of lake-effect snow downwind of the Great Lakes. " A cold snap is coming for mid-month across the eastern US. The flagship AIFS model has trended colder today, centered on Day 9, " meteorologist Ryan Maue wrote on X. Maue noted, "A strong blocking ridge over Canada remains the dominant pattern ... but plenty of opportunity for Arctic air to go around." Our first legitimate shot of some cold air looks to be gaining traction on model guidance for the Mid-Atlantic & Northeast. Cold looks to build in late next week for the following weekend (November 12-15th). Could be cold enough for some lake effect & high elevation upslope… pic.twitter.com/f89vKCVpIc — Ryan Kane (@ryankanerWX) November 5, 2026 Maue is not alone. Meteorologist Ryan Kane pointed out that the "first legitimate shot of some cold air looks to be gaining traction on model guidance for the Mid-Atlantic & Northeast." "Cold looks to build in late next week for the following weekend (November 12-15th). Could be cold enough for some lake effect & high elevation upslope snows. Think this is the first punch before we get stronger punches late month into early Dec with the weaker polar vortex ," Kane said. A cold snap is coming for mid-month across the eastern US. The flagship AIFS model has trended colder today centered on Day 9. A strong blocking ridge over Canada remains the dominant pattern ... but plenty of opportunity for Arctic air to go around. Last 6 cycles pic.twitter.com/ncpQWoHZww — Ryan Maue (@RyanWeather) November 4, 2026 Related: "Uncharted Territory": Arctic Vortex Could Break Earliest On Record Polar Vortex Threatens Europe As One Cold Blast Could Wipe Out October's Gas Storage Gains US NatGas futures are locked in a tight channel. Stack that firewood if you haven't already. Brrrr... incoming. Tyler Durden Fri, 11/06/2026 - 08:00
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Nasdaq Futures Bounce As Dip-Buyers Pick Through AI Wreckage Ahead Of Payrolls US futures are higher, led by a sharp rebound in semis and memory names, as dip buyers emerge after Thursday's AI bloodbath which saw the Nasdaq 100 suffer its worst day since March 2020, while traders brace for the October jobs report; at the same time the dollar is up against every G10 currency and oil reversed an early jump above $100 after Qatar's Emir and Trump discussed de-escalating the Iran war, leaving the 10Y yield fractionally higher at 4.86% as the "sell everything" day gives way to a "buy what got hit hardest" morning . As of 8:05am ET, S&P futures are 0.1% higher at 7,390 while Nasdaq futures are up 1.3% at 27,100 and Dow futures are down 1.1%, as the rotation out of tech and into everything else reverses. On Thursday, the S&P 500 tumbled 4.4%, its worst day since April 2025, the Nasdaq 100 plunged 6.4% and the Philly semis index crashed 12%, wiping out $2.3 trillion in tech market value (and tech hedge funds' entire 2026 gain ), as the Democratic midterm sweep stoked fears of a regulatory crackdown on the AI buildout. In premarket trading, chip and memory stocks are retracing roughly 30-40% of yesterday's losses according to JPM: Micron +7.8%, AMD +7.1%, Intel +4.7%, Broadcom +4.4% and Nvidia +4.3%, while Lam Research jumps 10% after unveiling a $25 billion buyback; outside of AI, Cloudflare and Airbnb soar on strong guidance while DraftKings and Atlassian tumble. The day's driver is AI (again): having been the market's biggest tailwind for three years, the AI capex trade is now its fulcrum, and the only question that matters this morning is whether Thursday's six-standard-deviation puke in semis was capitulation or, as we asked last night , just the opening act. Treasuries are slightly weaker after a two-day haven rally, with yields 2-3bps cheaper across the curve and the 10Y around 4.86%, near the session high, while swaps now price about 72% odds of a December Fed hike, down from near 80% on Tuesday. The Bloomberg Dollar Spot Index is up 0.2% at a one-week high, with the Aussie sliding to a seven-month low and cable suffering its biggest drop since mid-October. In commodities, Brent briefly topped $100 as Iran claimed two tankers hit mines in the Strait of Hormuz, before sliding to as low as $98 after the Qatar call, WTI is up 0.5% at $90.94, and gold drops 0.5% to about $4,069/oz. Bitcoin trades just above $76,000. US economic data slate includes the October jobs report (8:30am), the November preliminary University of Michigan sentiment (10am) and September consumer credit (3pm). Fed speaker slate includes Musalem (9:10am), Bowman (12:15pm) and Daly (1pm). In premarket trading, Mag 7 stocks are mixed, with Nvidia leading gains among Magnificent Seven peers during the AI infrastructure rebound: Nvidia (NVDA) +4%, Tesla (TSLA) +1.7%, Alphabet (GOOGL) -0.1%, Meta Platforms (META) +0.01%, Apple (AAPL) -1.2%, Amazon (AMZN) -0.8%, Microsoft (MSFT) -0.7% Artificial intelligence infrastructure stocks are set for a rebound after tech stocks wiped out $2.3 trillion in market value in Thursday’s rout. Among notable movers: Micron (MU) +8%, AMD (AMD) +8%, Intel (INTC) +6% Among notable movers: Micron (MU) +7.8%, AMD (AMD) +7.1% Intel (INTC) +4.7%, Broadcom (AVGO) +4.4% Airbnb (ABNB) jumps 12% after the online travel agency gave an outlook for fourth-quarter revenue that exceeded the consensus estimate. Affirm (AFRM) falls 4% as investors looked past first quarter results that beat and instead focused on loan delinquencies at the buy-now-pay-later company. Akamai Technologies (AKAM) gains 7% with analysts positive on the software company’s results, which showed positive trends for its cloud business. Atlassian (TEAM) slumps 19% after the software company’s results were seen as underwhelming, with a disappointing outlook. Axon (AXON) sinks 9% after the maker of wearable video cameras for law enforcemen
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US Jobs Soar By 165K Blowing Away Estimates; Unemployment Rate Drops Putting Dec Rate Hike Back In Play In our preview of the October jobs report , we said that the labor data has rarely looked this solid going into a monthly payrolls report: claims near 57-year lows, the lowest October layoffs since 2023, JOLTS openings up 333K and ADP above expectations. If anything, the risk is to the upside of the 63K consensus, and the unemployment rate could well tick down. Which, as we noted, was the problem as "a strong print gives Warsh, Hammack and Barkin all the cover they need to hike in December, right as the Nasdaq is coming off its worst day since March 2020. Goldman's rates desk thinks a single print can't take the hikes out." We said that we agree with this take, and added that the more likely outcome is a decent number that puts December back in play and adds a rates problem to what has so far been an AI problem. Given where positioning is, CTAs already selling and long-only "frozen (again)," that's not a recipe for a relief rally. Well, moments ago, the BLS reported the October jobs and it came extremely red hot, enough to indeed put a December rate hike back on the docket, AI collapse notwithstanding. Here are the numbers: October monthly payrolls rose by 165K, up more than double the 70K expected bounce, and the third highest print of 2026 (this was once again driven by private jobs, which surged by 159K , smashing expectations of 65K; government only accounted for 6K jobs in October). The number was so hot it not only printed above the highest Wall Street estimate... ... it was a 5-sigma beat to the median consensus number. Not only was October red hot, prior month revision were all higher: the August was revised up by 53,000, from +133,000 to +186,000, and September was revised up by 31,000, from +29,000 to +60,000. With these revisions, employment in August and September combined is 84,000 higher than previously reported. While the payrolls number was red hot, the monthly worker change blew it away, as 463K workers were added according to the Household survey, the third consecutive month of 400K+ workers added... ... which in turn helped the persistently lagging total worker series catch up every closer to the much stronger, in recent years, payrolls series. Just as remarkable is that after years of chronic underperformance by full-time jobs, in October the number of full-time jobs soared by 714K, the second highest monthly increase in 2026, while par-time jobs plunged by 242K. The one blemish in the report was that after a year of declining foreign-born workers, in October we saw 809K foreign-born workers added, the biggest increase since Jan 2025, while native-born workers dropped by 64K. It wasn't just the job numbers that came in red hot: the unemployment rate unexpectedly dipped back to 4.1% from 4.2%, and against expectations of an unchanged print. Among the major worker groups, the unemployment rates showed little or no change in October for adult men (3.9%), adult women (3.6%), teenagers (13.9%), and people who are White (3.7%), Black (6.6%), Asian (2.8 percent), or Hispanic (4.7 percent). Both the labor force participation rate, at 61.9%, and the employment-population ratio, at 59.3%, changed little in October. These measures have shown little net change since January. And completing the trifecta of hot data was the average hourly earnings which beat expectations both MoM and YoY, with the former printing 0.4%, above the 0.3% expected, and the highest since Nov 2025, while the annual change in earnings disappointed expectations of the first sub-3% print since covid, and instead rose from the pre-revision 3.0% to 3.1% (then again Sept was revised higher to 3.2%). The average workweek for all employees on private nonfarm payrolls remained at 34.4 hours in October. In manufacturing, the average workweek was unchanged at 40.5 hours, and overtime edged up by 0.1 hour to 3.1 hours
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Trump Says US 'Locked And Loaded' For Renewed Strikes Against Iran Authored by Tom Ozimek via The Epoch Times (emphasis ours), U.S. President Donald Trump said that Iran cannot do anything regarding its nuclear program without approval from Washington and that he would soon decide whether to resume renewed military operations against Tehran. President Donald Trump in New Jersey, on July 19, 2026. David Ramos/Getty Images Trump’s remarks on Thursday came during an Oval Office exchange with reporters, who asked for comment on reports that Iranian negotiators are reviewing a new proposal put forward by regional mediators for a deal that would constrain Iran’s nuclear program. “It doesn’t make any difference what they’re looking at,” Trump said. “ They’re not going to have a nuclear weapon; they know that. So do I. ” Trump said that he would soon decide whether to resume major combat operations in Iran, clarifying that his preference would be for a negotiated solution rather than destruction of the Middle Eastern country. “In Iran we are there for seven months, and we control everything that we’ve wanted to control, and now we'll make a decision: do we want to go further,” he said. “I think it‘ll take them 25 years to rebuild the country. I would rather not destroy the rest of the country if possible, but maybe I’ll have to ; you'll know soon enough.” For weeks, Trump has threatened to return to a full-scale bombardment of Iran after the midterm elections if Tehran remained unwilling to reach a negotiated settlement on terms acceptable to the United States, particularly regarding its nuclear program. “ We’re locked and loaded, ” Trump told reporters Thursday. “If we have to do the rest of the Iran thing, we’re very much locked and loaded.” Iran’s top security official, Mohsen Rezaei, said earlier Thursday that Tehran had set seven conditions to reopen the Strait of Hormuz and enter negotiations with Washington. “As long as they do not execute our seven conditions, we will neither open the Strait of Hormuz nor have negotiations,” he said during a visit to Russia. Russian President Vladimir Putin (L) shakes hands with Mohsen Rezaei, secretary of Iran's Supreme National Security Council, ahead of their talks in Moscow on Nov. 5, 2026. Alexey Babushkin/AFP via Getty Images Tehran’s demands include sanctions relief, the release of frozen Iranian assets, and paying war reparations. Washington, meanwhile, insists that any initial talks address Iran’s nuclear program. On Wednesday, Vice President JD Vance publicly questioned whether the Iran war was worth it and said it cost Republicans control of Congress in the midterm election. Vance’s remarks stirred debate about whether Trump remained willing to proceed with a potential resumption of major combat operations against Iran. The president’s latest Oval Office remarks suggest that renewed military action remains under consideration. Trump on Monday expressed optimism about a possible settlement with Iran as talks continued in Qatar, with Vance saying he and the president had discussed the matter and both “feel pretty good about the prospects for potentially coming to a negotiated settlement.” Vice President JD Vance talks with reporters after arriving on Air Force Two at Joint Base Andrews, Md., on Nov. 2, 2026. Tom Brenner/AP “ We’re going to keep working at it ,” Vance said. The U.S.–Iran conflict has spread regionally, with clashes between Iran-backed Houthis and a Saudi Arabia-led coalition in Yemen, Saudi Arabia, and parts of the Red Sea. The Saudi-led coalition said Friday that its air defense systems intercepted two ballistic missiles launched by the Houthis toward Najran, a major city in Saudi Arabia. A man inspects damage at the site of an airstrike, reportedly carried out by Saudi Arabia, that targeted the Asr district of Yemen's Houthi-held capital Sanaa on Oct. 24, 2026. Mohammed Huwais/AFP via Getty Images “Debris fell as a result of the interception, and damage assessment
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Burger Bloodbath Intensifies As Yet Another Major Franchisee Goes Bust Another fast-food franchisee has filed for bankruptcy , becoming the latest casualty of mounting financial pressures squeezing restaurant operators across the United States. Global Midsouth Holding Corp., a franchisee of Checkers and Rally's, filed for Chapter 11 bankruptcy protection on October 28, just one day before a scheduled foreclosure auction involving one of its Tennessee restaurant properties, according to TheStreet . The Memphis-based company reported $1.9 million in assets against $1.3 million in liabilities. Revenue fell from $860,000 in 2024 to $800,000 in 2025 , underscoring the financial difficulties facing the business. However, Global Midsouth isn't the only burger franchisee that went bust. Meritage Hospitality Group, one of Wendy's largest franchisees, filed for bankruptcy in September after struggling with declining sales, rising beef prices, and mounting financial obligations. The operator, which ran 314 Wendy's restaurants across 15 states when it filed, had already shuttered 60 underperforming locations. Another 60 restaurants could shut down by mid-November , according to court documents. The bankruptcies come as the restaurant industry faces even bigger problems. As we reported yesterday, San Diego-based Out West Restaurant Group, also known as Cerca Trova Restaurant Group, filed for Chapter 11 bankruptcy protection Monday in Delaware , putting 61 restaurants across five Western states into bankruptcy proceedings. The company's debt has exploded from $269 million in 2020 to approximately $449 million in 2026, according to the Los Angeles Times . "Guest traffic and earnings continued to decline, while food, labor, and other production costs continued to rise," CEO David Goronkin said . California's rising minimum wages have been a major problem , with more than half the company's employees working in the Golden State. The COVID-19 pandemic also delivered another devastating blow, sending revenue plunging approximately 35%. Outback parent company Bloomin' Brands said that it is preparing to swoop in. The restaurant giant has offered $26.3 million to acquire the struggling franchisee's assets, alongside up to $5.5 million in emergency financing. "This is an isolated situation involving the franchisee," a Bloomin' Brands spokesperson said. The 61 restaurants are expected to remain open during bankruptcy proceedings. Tyler Durden Fri, 11/06/2026 - 08:40
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Voters In 8 States Approve Citizenship, Voter ID Measures For State Elections Authored by Jack Phillips via The Epoch Times , Voters in eight states backed ballot measures that sought stricter election rules during Tuesday's election , approving voter ID and U.S. citizenship requirements. Voters fill out their ballots at Scarborough High School in Scarborough, Maine, on Nov. 3, 2026. Scott Eisen/Getty Images In West Virginia, South Dakota, Kansas, Alaska, and Arkansas, voters approved measures affirming that only U.S. citizens can vote in state elections . All but Alaska's were constitutional amendments, while Alaska's was a ballot initiative. Voters in Ohio and Nevada approved constitutional amendments requiring photo ID to vote in person. North Carolina voters approved an amendment extending the state's photo ID requirement, already in its constitution for in-person voting, to mail ballots . Voters in California and Colorado rejected measures that would have tightened voter ID rules. California's Proposition 39 would have required voter ID , and Colorado's Amendment 84 would have required an ID number for mail-in ballots. In Arizona, a measure that would require voter ID and prohibit foreign contributions in elections was trailing but hadn't been called. Other voting-related measures were on the ballot in several states. Massachusetts voters approved a measure allowing same-day voter registration on Election Day. In Alaska, preliminary results showed voters narrowly rejecting a measure that would have repealed the state's ranked-choice voting system , open primaries, and some campaign finance disclosure rules. California voters also weighed Proposition 5, a constitutional amendment that would change how statewide officials are recalled. Under current law, voters answer two questions on a recall ballot: whether to remove the official and who should replace them. Proposition 5 would eliminate the replacement question. As of Thursday morning, it was narrowly ahead, with the results not having been called yet. About 7 in 10 registered voters nationwide favor requiring photo identification to vote, according to an October poll by The Associated Press-NORC Center for Public Affairs Research. Support is higher among Republicans, but a majority of Democrats also favor it. Before Tuesday, at least 15 states had adopted citizenship voting requirements in the past decade , including all eight states that voted on them in 2024 and Texas last year. Aside from elections-related issues, dozens of other ballot measures were being considered by voters in a multitude of states. In Arizona, voters approved measures restricting school sports teams and school facilities, such as bathrooms, by biological sex . In Colorado, measures to restrict school sports teams by biological sex and to prohibit gender transition surgery for minors were leading but hadn't been called, as was a similar sports measure in Washington state. Arizona voters approved a measure to declare drug cartels terrorist organizations, and in Tennessee, voters passed a measure to grant more rights to the victims of crimes. Alabama voters approved amendments requiring students to recite the Pledge of Allegiance daily, requiring public schools to play the national anthem weekly, and requiring schools to allow student-led prayer. Voters in California appeared likely to reject Proposition 40, a one-time 5 percent tax on the wealth of residents worth more than $1 billion as of Jan. 1, 2026. Vote counting is ongoing, but "no" was ahead by about 11 percentage points as of Thursday . Democrats won control of both the House and Senate in the midterms , giving them power in Congress for the final two years of President Donald Trump's term. Democrats also won the governor's races in Georgia and Texas. The Associated Press contributed to this report. Tyler Durden Fri, 11/06/2026 - 09:00
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DraftKings Crashes As "Aggressive Prediction Investments" Drive EBITDA Outlook Cut DraftKings shares crashed 24.5% in Friday's premarket trading after the sports betting operator slashed the midpoint of its 2026 adjusted EBITDA forecast to $225 million from $800 million. The mad dash into prediction markets overshadowed a 16% year-over-year increase in third-quarter revenue to $1.33 billion. " In just a few months, we have become the clear number three Predictions exchange by Total Volume ," CEO Jason Robins wrote in a letter to shareholders. BofA Securities gaming analyst Julie Hoover attributed $475 million of the $575 million guidance cut to additional investment in prediction markets . The remaining $100 million reflected a lower adjusted EBITDA forecast for the core business. Hoover wrote in her first take: Q3 Miss and 2027 estimate reset DraftKings (ticker: DKNG) reported Q3 revenue/EBITDA of $1.33/-316M vs. BofA $1.345B/-$100M and the Street's $1.393B/-66M. DKNG lowered their full year EBITDA guidance to $225M at midpoint vs. $800M, embedding $475M of incremental prediction market (PM) investment and $100M reduction to the core. For 2027, DKNG provided initial guidance of ~$800M-1B, including $300M of EBITDA loss related to PMs. Bottom line: Shares of DKNG traded down -23% after the close on a bigger-than-expected 2027 numbers reset. Investors are disappointed by the magnitude of PM investment given the looming regulatory risk around sports event contracts. DKNG's desire to be best-in-class has driven its top-line success, but greater guardrails around spend, particularly in the current regulatory backdrop, are critical to drive the bottom line and stock. We reiterate our Buy rating with numbers reset, and PMs a potential source of upside. We lower our PO to $23 based on 14x 2027E EBITDA (11x core 2027E EBITDA). DraftKings’ 2027 guidance for prediction markets calls for $700 million in net revenue and $500 million in gross profit, with operating expenses rising to roughly $800 million from about $675 million this year. Hoover estimates that higher fixed costs account for approximately $50 million of that increase , with another $75 million going toward marketing. The additional marketing spending was unexpected, although a projected high-single-digit decline in core marketing suggests some dollars may be shifting between the businesses. Given DraftKings’ prediction-market share and the market’s rapid expansion, the revenue forecast could prove conservative. Core: Investing in iGaming, +6% revenue growth in 2027 The company is investing roughly $40 million in iGaming this year to support longer-term growth. Third-quarter iGaming revenue rose 2%, below her 8% forecast, primarily because of increased promotional activity. Renewed investment looks sensible following two years of market-share losses. The company’s 2027 core revenue and EBITDA outlook assumes 6% revenue growth, with iGaming expanding faster than online sports betting. Although marketing spending can move between the core business and prediction markets, the guidance implies that 75% of incremental core revenue will translate into EBITDA - an ambitious assumption given the competitive promotional environment. Here's what the rest of Wall Street analysts are saying (courtesy of Bloomberg): Bloomberg Intelligence "DraftKings' deep 2026 revenue and EBITDA outlook cuts on aggressive prediction investments create urgency to realize a targeted 20-month payback that defers prediction-market profit to late 2027 yet still implies a faster payback than for sportsbooks," Brian Egger writes Morgan Stanley (overweight, PT $31) The material reduction in outlook should weigh on the stock The forecast cut was driven not only by prediction market spend but also a weaker core CFRA (buy, PT $40) Analyst Zachary Warring says profitability deteriorated sharply as DraftKings accelerated investment in its Predictions platform "For the nine-month period, the shift
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