Nasdaq futures rose 1.48% and chip stocks bounced in premarket trading — Nvidia +3.6%, AMD, Intel, Broadcom and Micron up 5–8.3% — after Thursday’s 5.5% Nasdaq plunge wiped nearly $3 trillion off S&P 500 companies; the October jobs report lands at 8:30 AM ET, consensus ~65,000 jobs, unemployment 4.2%.
Nasdaq futures steady after Asian AI rout — Dow Jones via Morningstar | Can the October jobs report revive market sentiment? — FXStreet
ELECTIONS & CONGRESS
TRUMP CALLS ELECTIONS “CROOKED,” DEMANDS ALASKA VOTES GO TO SULLIVAN — Trump told Oval Office reporters Thursday that “our elections are so crooked, you have no idea” — then demanded votes cast for “Fake Sullivan” and Gerald Heikes “should be immediately given to the REAL Dan Sullivan” — even as Democrats passed 250 House seats and 54 in the Senate.
HOUSE DEMS PAST 250 — BIGGEST SINCE 2008 — AP projects Democrats will win 252 House seats, with 19 races still uncalled and 38 seats flipped — the party’s biggest total since 2009; Republicans flipped just one seat the Democrats didn’t already hold, Maine’s 2nd.
TWO SENATE RACES STILL UNCALLED — PELTOLA +637, COLOM +1,138 — Peltola leads Sullivan by under 700 votes in Alaska, where “Decoy Dan” Daniel J. Sullivan took 3,600 votes — more than five times the margin — and Colom led Hyde-Smith by 1,138 in Mississippi on Thursday morning; Alaska’s ranked-choice results won’t be published until Nov. 18.
JEFFRIES’ 100-DAY AGENDA: AFFORDABILITY, ACCOUNTABILITY, AMERICAN VALUES — The incoming speaker’s letter to colleagues promises the first 100 days will reverse Medicaid cuts, restore SNAP, extend ACA credits, eradicate Trump tariffs and stop the Iran war; leadership elections are Nov. 18, the floor vote Jan. 3 — he would be the first Black speaker.
GOP BLAME GAME: 2028 RACE ALREADY ON — Republicans turned on each other as the scale sank in — Bacon blamed Trump directly, Lawler said “Jesus Christ could have run and would have lost,” and pressure built on chief of staff Susie Wiles and Defense Secretary Pete Hegseth.
BUSINESS & YOUR MONEY
KOSPI PLUNGES 6%, TRIGGERS CIRCUIT BREAKER — South Korea’s KOSPI fell 6.02% to 5,059.69 for a second straight day, plunging more than 8% minutes after the open and triggering a 20-minute halt; Samsung −6.35%, SK hynix −10.44%, on fears the new Congress could tighten AI data-center rules.
DOW FUTURES DOWN WHILE NASDAQ FUTURES RISE — Nasdaq futures rose 1.2% and S&P futures 0.2% while Dow futures slipped 0.8% as investors braced for the jobs report; the 10-year yield fell to ~4.83%, its lowest since early September, and gold traded below $4,100.
QUICK HITS
DEMS CLEAR 250 HOUSE SEATS, BIGGEST SINCE 2008
CLARK BIDS FOR MAJORITY LEADER; AGUILAR WHIP, LIEU CAUCUS CHAIR
BOEBERT TRAILS IN COLORADO; KANSAS GOVERNOR RACE STILL OPEN
FEDERAL GOVERNMENT
JOBS REPORT AT 8:30 AM: ~65,000 EXPECTED — The October jobs report lands at 8:30 AM ET — consensus ~65,000 after September’s 29,000, unemployment steady at 4.2%; a near-consensus print is the cleanest outcome for markets, while a much stronger number would lift December hike bets past ~66%.
TRUMP: “THEY’LL SEND OVER THINGS THAT ARE INSANE, AND I’LL VETO THEM” — Trump told Fox News he will veto Democratic bills — posting a photo of a red MAGA cap emblazoned “VETO” — said “I wasn’t on the Ballot and if I was, we would have won IN A LANDSLIDE,” and plans to “become a political pundit,” starting with Greg Abbott, whom he called a “RINO” after his loss.
TRUMP BLAMES ‘DUMOCRATS’ FOR MARKET PLUNGE: ‘SAD THING TO WATCH!’ — Trump pinned Thursday’s record selloff — the S&P 500 and Nasdaq shed a combined $5.4 trillion in a single day — on the Democratic sweep, telling Americans “Do not fear” and that markets will come back “BIGGER AND STRONGER THAN EVER BEFORE.”
DOJ SET TO APPEAL ALASKA ‘DECOY DAN’ RULING — A federal judge dismissed the Justice Department’s suit seeking to delay certification of Alaska’s Senate election, ruling the government had not shown how its investigation could identify voters’ intent while protecting ballot secrecy; the DOJ said it would appeal to the 9th Circuit.
BUSINESS & YOUR MONEY
DECEMBER HIKE ODDS NEAR 80% AS JOBS DAY LOOMS — Fed funds futures price ~80% odds of a 25-basis-point December hike, with the Fed on hold at 3.75%–4.00% after its October meeting; a payrolls print above 100,000 with wages up 0.3% would reinforce the hike bets.
CHIP STOCKS TRY TO STEADY NASDAQ — Nasdaq futures rose 1.48% Friday as chip stocks steadied, but with the VIX at 26.07 the rebound stays fragile — and the 8:30 AM jobs report is the next test.
QUICK HITS
GOP TURNS ON ITSELF: WILES, HEGSETH IN FIRING LINE
LOW-HIRE, LOW-FIRE: JOBS MARKET SOFT BUT NOT BREAKING
GEOPOLITICS
THREE MORE TANKERS HIT IN HORMUZ AS U.S.–IRAN TANKER WAR RAGES — Iran reported three more tankers damaged Thursday, the fifth incident cluster since Sunday — near October’s record pace of 35 vessels hit — as Tehran said it has no “inclination towards submission” and sources said Trump held off bombing Iran because of the midterms.
FRANCE: 575,000 MARCH IN BIGGEST PROTEST DAY IN YEARS — France’s Interior Ministry counted 575,000 protesters nationwide — unions claim 1.6 million — with 53 officers injured and 448 arrested; PM Lecornu meets unions and employers Monday on wages and the cost of living, five months before the presidential election.
PARAGUAY: PEÑA RESIGNS, ALLIANA TAKES OVER — Santiago Peña resigned Thursday over ties to the insolvent Ueno Bank; Congress accepted the resignation and Vice President Pedro Alliana assumed the presidency, completing the term through August 2028.
BUKELE’S TROOPS LAUNCH HAITI OFFENSIVE — More than 2,000 Salvadoran troops have deployed to Haiti in little over a week, and the ground offensive began Monday against the Chèn Méchan and 400 Mawozo gangs; gang leader Wilson Joseph, known as Lanmò Sanjou, wrote the UN Secretary-General asking for mediation as elections are set for July 2027.
BUSINESS & YOUR MONEY
OIL NEARS $100 DESPITE 12% WEEKLY SLUMP — Brent crude climbed 1.31% to $99.58, briefly crossing $100, and WTI rose to $91.38 — but both are headed for ~12% weekly losses after Wednesday’s 8% tumble on diplomacy hopes, with supply running 1.1–1.4 million barrels a day above demand.
QUICK HITS
EURASIA GROUP CUTS RENEWED-STRIKE ODDS TO 60%, DEAL ODDS TO 10%
SPORTS
JAGUARS 33, RAVENS 10 — FAGNANO’S FIRST START A ROUGH ONE — Jacksonville blew out Baltimore on Thursday Night Football as undrafted rookie Joe Fagnano threw for 60 yards with two picks in his first start; the Jaguars are 6–2, the Ravens have lost four straight, and Derrick Henry moved to 7th all-time in NFL rushing.
NO. 1 MIAMI AT NO. 11 NOTRE DAME: THE GAME OF THE YEAR — The top-ranked Hurricanes visit South Bend on Saturday at 7:30 PM ET — Miami’s No. 1 scoring offense against Notre Dame’s No. 1 defense, with Heisman favorite Darian Mensah missing his top receiver Malachi Toney, and the Irish favored by 7.
CURRY 29 AS WARRIORS WIN 6TH STRAIGHT; KLAY GETS A WARM WELCOME HOME — Stephen Curry scored 29 as Golden State beat Miami 120–100 for its sixth straight win — passing Oscar Robertson for 17th on the NBA’s all-time scoring list — while Klay Thompson got a warm ovation in his return to Chase Center.
KLAY’S BUZZER-BEATER LIFTS HEAT PAST CLIPPERS IN OT — Thompson’s three-pointer with one second left in overtime beat the Clippers 117–116 — his 30 points and eight threes backing Bam Adebayo’s 35 and 10, as the Clippers lost their seventh straight.
SGA DROPS 42 AS OKC COMPLETES HOME-AND-HOME SWEEP OF CAVS — Shai Gilgeous-Alexander scored 42 with eight assists as the Thunder won 124–116 in Cleveland two nights after dropping 43 there; Donovan Mitchell’s 27 led the Cavs, who lost Jarrett Allen to a knee injury in the first quarter.
TRAVEL
CHRISTMAS MARKETS: 20 U.S. + CANADA DATES, FROM BRYANT PARK TO LEAVENWORTH — The season is opening coast to coast — Bryant Park runs Oct. 28 to Jan. 3, Boston’s Snowport opens today, Chicago’s Christkindlmarket Nov. 20, and Toronto’s Mill Street Nov. 12 — all free to wander.
THANKSGIVING TRAVEL: FLY ON THE DAY, AVOID THE SUNDAY — The cheapest days to fly for Thanksgiving are the holiday itself and the Sunday, Monday and Tuesday before — avoid the Wednesday before and the Sunday after, which set a TSA screening record last year; airfares are up 22.4% year over year.
EUROPE’S CHRISTMAS MARKETS: BOOK THE QUIET WEEKS — Vienna and Copenhagen’s Tivoli open Nov. 13, Cologne Nov. 16, Munich, Aachen, Bruges and Tallinn Nov. 20, and Strasbourg, Nuremberg and Brussels Nov. 27 — weekday afternoons in the first week or two are the quietest, mid-December weekends the busiest.
KYOTO IN RED AND GOLD: THE MAPLES PEAK LATE NOVEMBER — Kyoto’s maples peak from mid-November to early December, with the best window Nov. 21–30 — Kiyomizu-dera’s night viewing and Eikando’s light-up overlap — and Tofuku-ji’s 2,000 maples on special viewing Nov. 14 to Dec. 6.
ST. AUGUSTINE LIGHTS UP: 3 MILLION LIGHTS, NOV 21–JAN 18 — The nation’s oldest city lights up for its 33rd annual Nights of Lights — more than three million tiny white lights over 20 blocks of the historic district, free to walk, with Light-Up! Night on Saturday, Nov. 21 at 6:30 PM.
FOOD
VIRAL THANKSGIVING NACHOS — AND TODAY IS NATIONAL NACHO DAY — Today is National Nacho Day, and the internet’s viral Thanksgiving nachos — turkey, stuffing, roasted vegetables and cranberry sauce over seasoned tortilla chips with gravy on the side — take 25 minutes and serve six.
THE TURKEY 100 MILLION PEOPLE WATCHED — Emmanuel Duverneau’s spatchcocked turkey with dry brine, compound butter and maple-soy glaze has 100 million Instagram views — “the only turkey worth dancing for” — and it feeds about 12.
MEAT CHURCH’S SMOKED HONEY-GLAZED TURKEY — Meat Church’s new honey-glazed turkey — a 12–13 lb bird, brined overnight in Bird Baptism Brine with brown sugar and honey, spatchcocked and smoked at 275°F — is the brand’s latest of more than 20 turkey recipes.
BLAKE SHELTON’S CHEETOS TURKEY — AND DONNA KELCE’S MARSHMALLOW ROLLS — Shelton and his stepsons’ annual experiment — a Flamin’ Hot Cheetos-crusted turkey, then a Funyuns coating, then bacon-wrapped — earned his verdict: “There’s really no point to it”; Donna Kelce’s marshmallow rolls are Jason’s must-have.
HALF BAKED HARVEST’S VINTAGE THANKSGIVING: EASY, HOMEMADE, MOLTEN COOKIE PIE — Half Baked Harvest’s 2026 menu is “An Easy Vintage Thanksgiving” — herb butter turkey with white wine pan gravy, French onion stuffing, and a molten cookie pie for dessert — with 14 years of hosting tips.
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