⚡ Today in History

On October 28, 1886, President Grover Cleveland dedicated the Statue of Liberty in New York Harbor — a gift from France. In 1929, the Dow dropped 13% on “Black Monday,” the first of two days that triggered the Great Depression. Today, the Fed announces its rate decision at 2 PM ET, and Microsoft and Alphabet report quarterly earnings after the close.

Top News

Israel election deadlock: Eisenkot leads, but neither bloc can form a government 77.7% TURNOUT

Exit polls from Tuesday's Israeli election — the first since the wars in Gaza, Lebanon, and Iran — show Gadi Eisenkot's opposition bloc at 52 to 53 seats in the 120-seat Knesset, ahead of Prime Minister Benjamin Netanyahu's coalition at 50. Neither reached the 61 seats needed to govern, and Arab parties are projected to win a record 17 to 18 seats that could shape weeks of coalition talks.

Fed rate decision due at 2 PM ET — hold expected at 3.75–4.00% 3.75–4.00%

The Federal Open Market Committee wraps its two-day October meeting Wednesday with a rate announcement at 2 PM Eastern. Markets price a 93% chance the Fed holds steady after September's 25-basis-point hike — the first rate increase since 2023.

Microsoft and Alphabet report earnings after the close — biggest tech day of the quarter

Microsoft and Alphabet, which together make up about 11% of the S&P 500, release quarterly results after Wednesday's closing bell. Analysts expect Microsoft to post roughly $90.7 billion in fiscal first-quarter revenue and Alphabet to report about $128 billion, up 25% from a year ago.

Houthis claim missile strike on Saudi Arabia's largest oil refinery

Yemen's Iran-aligned Houthis said Tuesday they struck Saudi Arabia's Ras Tanura oil refinery — the kingdom's largest — with a ballistic missile, causing a fire at the complex. Saudi authorities have not confirmed the claim, which follows weeks of Houthi attacks on Saudi energy sites and airports.

Cyclone Arnab begins landfall on India's east coast

Cyclone Arnab, the first cyclonic storm of 2026 in the North Indian Ocean, began making landfall early Wednesday near Yanam on the Andhra Pradesh coast with winds up to 150 kilometers per hour. Officials in Andhra Pradesh and Odisha closed schools, banned fishing, and placed rescue teams on standby ahead of expected heavy rain through Wednesday.

World

Egypt authorizes military support for Saudi Arabia against Houthis

Egypt's parliament voted Monday to authorize President Abdel Fattah el-Sisi to send military forces to help Saudi Arabia defend against Houthi attacks. Egypt is not part of the Makkah Joint Defence Agreement signed by Saudi Arabia, Turkey, and Pakistan, but it sent warships and about 800 troops during an earlier phase of Yemen's war in 2015.

Bolsonaro's party accepts Lula's win in Brazil — but the candidate refuses to concede 51.8%

Brazil's opposition Liberal Party accepted President Luiz Inácio Lula da Silva's reelection with 51.8% of the vote, but candidate Flávio Bolsonaro — eldest son of imprisoned former president Jair Bolsonaro — vowed a legal challenge. President Donald Trump called the election “rigged” without offering evidence.

French students reject Macron concessions; nationwide protest set for November 5

Despite the French government's education concessions after two weekends of Yellow Vest-style protests, student leaders vowed to continue their demonstrations over energy costs. President Emmanuel Macron warned of further unrest ahead of a nationwide protest planned for November 5, after the October 24 round drew about 400,000 people and led to 1,314 arrests.

Delhi building collapse kills four, injures eight in northeast Delhi

A five-story residential building collapsed in the Seemapuri area of northeast Delhi on Oct. 7, killing four people — including a pregnant woman and two children — and injuring eight. Rescuers are searching the rubble for survivors, and the cause of the collapse is under investigation.

Houthi official calls Egypt's military authorization a “declaration of war”

A Houthi official responded Tuesday to Egypt's vote by calling the deployment authorization a declaration of war, according to CBS News. Egypt has said it will not launch strikes on Yemen and has focused its support on helping Saudi Arabia intercept incoming missiles and drones.

Politics

Trump rallies in Chillicothe, Ohio tonight — third Ohio stop this month 6 DAYS OUT

President Donald Trump is scheduled to speak at a midterm rally at Ohio University's Chillicothe campus Wednesday evening, six days before the November 3 elections. The rally is Trump's third Ohio stop this month as Republicans fight to keep their congressional majorities.

Texas Senate race tied at 49–49 as Trump campaigns for Paxton

A Fox News poll shows Attorney General Ken Paxton and Democratic state Representative James Talarico tied at 49% in the Texas Senate race. Trump rallied for Paxton on Tuesday with stops in Corpus Christi and Lubbock, in a state he won by double digits in 2024.

DOJ charges former FBI Director James Comey for a third time

The Department of Justice unsealed two new criminal counts against James Comey on Monday, accusing the former FBI director of disclosing national defense information related to 2016 New York Times reports. The charges mark the third time the DOJ has brought a case against Comey, a prominent critic of President Trump.

Eisenkot declares victory, seeks mandate to form Israeli government

Yashar party leader Gadi Eisenkot declared victory Tuesday night after exit polls showed his bloc leading Prime Minister Benjamin Netanyahu's coalition 52–53 seats to 50 in the 120-seat Knesset. Eisenkot's path to a government depends on Yisrael Beytenu leader Avigdor Liberman, who has refused to accept support from Arab parties — a stance commentators say he may reconsider given the record turnout.

Six days to midterms: Democrats favored for House and Senate

Decision Desk HQ's election model gives Democrats an 80% chance of winning the House and 57% odds of taking the Senate ahead of the November 3 midterms. Democrats need a net gain of four Senate seats to flip the chamber and currently lead in at least five of seven toss-up races.

Markets

Wall Street gains on AI rally — S&P 500 up 0.6%, Nasdaq +1.18% S&P 7,722.60

An AI-driven tech rally lifted US stocks for a second straight day Tuesday as chip stocks surged and oil prices eased. The S&P 500 closed at 7,722.60, the Nasdaq rose 1.18% to 26,477.81, and the Dow edged up 15.99 points to 52,377.57.

Fed wraps two-day meeting — Warsh press conference at 2:30 PM ET

Wednesday's rate decision comes after the Fed raised rates by 25 basis points in September — the first hike since 2023 — pushing the benchmark to 3.75–4.00%. Bond yields have fallen since, with the 10-year Treasury nearing 5%, and Chair Kevin Warsh's press conference will be closely watched for signals on December.

Microsoft and Alphabet report after the close — $219B in expected combined revenue

Wall Street is watching Microsoft's Azure cloud growth and Alphabet's AI spending closely, with the two companies expected to post a combined $219 billion in quarterly revenue. Both release results after Wednesday's close in the busiest tech earnings day of the quarter.

Brent crude slips to $113.88 on diplomacy — still up 76% year-over-year

Brent crude fell 1.67% Tuesday as Saudi-Iranian diplomatic talks eased some supply fears, though the Houthi missile claim on Ras Tanura capped the decline. Oil remains up more than 76% from about $64.54 a barrel a year ago, driven by Iran war disruptions to Gulf shipping routes.

Gold sinks toward $4,000; Bitcoin holds near $80,000

Gold futures opened at $4,032.80 on Tuesday, slipping closer to the $4,000 level after briefly falling below it last Friday for the first time since mid-July. Bitcoin traded near $80,000, about 36% below its October 2025 high, as both assets awaited the Fed's rate decision.

Entertainment

Brewers rout Rays 10-1, one win from franchise's first World Series title GAME 4 TUESDAY

Milwaukee's young core powered an eight-run surge — all with two outs in the fifth inning — to demolish the Tampa Bay Rays 10-1 at Tropicana Field on Monday night. The Brewers lead the World Series 3-0 and can sweep for their first championship Tuesday at 8 PM Eastern on Fox — no team has ever come back from 3-0 in the Fall Classic.

Kimi Antonelli can clinch youngest F1 title in Mexico this Sunday

Mercedes driver Kimi Antonelli won the United States Grand Prix in Austin on Sunday but fell short of clinching the 2026 championship. The 20-year-old Italian can wrap up the title at the Mexico City Grand Prix this Sunday if he finishes ninth or better.

Paul Pierce says he’s “drowning financially” after losing Fox Sports job

Former Boston Celtics star Paul Pierce stated in court documents obtained by TMZ on Tuesday that he is struggling to pay his bills after losing his broadcasting position at Fox Sports. Pierce, a 19-year NBA veteran and 2008 champion, did not specify what led to his financial difficulties.

October box office runs 22% ahead of last year $94.9M WEEKEND

The US box office totaled $94.9 million for the weekend ending October 25, up 22.4% from the same frame in 2025. DC Studios' Clayface led with $24.5 million in its opening weekend, followed by A24's Elizabeth Holmes documentary You Can See Everything at $19.5 million in its second frame.

Thunder start week without Jalen Williams after season-ending injury

The Oklahoma City Thunder opened this week without guard Jalen Williams, who broke his leg and dislocated his ankle during Sunday's game against the Clippers. Williams, 25, could miss the rest of the 2026-27 season, leaving the title-contending Thunder to reshape their rotation.