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⚡ Today in History On November 4, 1979, Iranian militants seized the US Embassy in Tehran, beginning a 444-day hostage crisis. In 2008, Barack Obama was elected as the first Black president of the United States. Late Monday, US jets struck Iranian targets in the Strait of Hormuz while midterm ballots are being counted across the country. |
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Top News |
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US strikes Iran’s Qeshm Island on election eve — Trump calls it “minor” The US military struck an anti-aircraft site on Iran’s Qeshm Island in the Strait of Hormuz late Monday, hours before midterm polls opened. Trump confirmed the strike in a Fox News interview on Tuesday, calling it a “minor attack,” while Iran’s President Masoud Pezeshkian said “no one will benefit from this war.” |
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All 435 House and 35 Senate seats go before voters 470 RACES Americans headed to the polls on Tuesday in the first midterm test of Trump’s second term, with Democrats favored to flip the House and competitive in at least four Senate races. Pre-election polling showed Democrats leading by about 9 points on the generic ballot, their widest edge since the 2018 wave. |
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No key Senate races called yet as counting stretches into Wednesday As of early Wednesday, no Senate races had been called by major decision desks, with marquee contests in Texas, Ohio, Maine, and Alaska expected to take days. Democrats need a net gain of 3 House seats and 4 Senate flips to control both chambers. |
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AMD jumps 7% after hours on strong AI chip demand +45% YOY Chipmaker AMD reported third-quarter revenue of about $13.4 billion, roughly 45% higher than a year ago, beating estimates and lifting the stock 7% in post-market trading. Arista Networks surged 12% after its own strong results, building on a chip-stock rally that boosted the Nasdaq 0.83% during the regular session. |
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Iran-US deal “still out of reach” despite Doha diplomacy push An Iranian official said Tehran’s conditions — including ending regional wars including in Lebanon — must be met before the Strait of Hormuz can reopen. Iranian negotiators left Doha on Sunday with a draft US proposal in hand, but Monday’s Qeshm strikes have complicated the path forward. |
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World |
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Iran’s negotiator warns Tehran is “ready for battle” after Qeshm strike 8-MONTH WAR Iran’s chief US negotiator Mohammad Bagher Ghalibaf said Tehran was “ready for battle with its finger on the trigger” after the US struck Qeshm Island in the Strait of Hormuz. Deputy foreign minister Kazem Gharibabadi also warned of retaliation, even as President Pezeshkian called for restraint. |
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Binance covers 98% of $6.3 billion lost in record crypto theft Binance, the world’s largest crypto exchange, said Tuesday it has replenished 98% of the $6.34 billion stolen on October 29 by North Korean-linked hackers using fake job interviews and an AI tool. The exchange processed $4.65 billion in customer withdrawals on November 1, its first day back online after the breach. |
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Cyclone Murasu kills 2 in Andhra Pradesh, flattens 52,000 hectares of crops Cyclone Murasu battered India’s Andhra Pradesh state on Tuesday, killing at least two people, damaging over 300 homes, and destroying crops across 52,459 hectares. Preliminary losses were estimated at 344 crore rupees — about $40 million — with the storm weakening to a depression by Wednesday. |
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Israel to publish official election results today — 53-48-19 deadlock stands Israel’s Central Elections Committee is set to confirm the final results from the October 27 Knesset election on Wednesday: 53 seats for Benjamin Netanyahu’s bloc, 48 for Gadi Eisenkot’s opposition, and a record 19 for Arab-led parties. No bloc holds the 61 seats needed to form a government. |
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Eisenkot’s coalition push stalls as Arab parties resist his terms Opposition leader Gadi Eisenkot’s bloc and the two Arab factions — Ra’am and the Joint List — hold a combined 67 Knesset seats, enough for a majority. But the Arab parties have not yet accepted Eisenkot’s conditions for joining a government, and only Ra’am has ever served in a ruling coalition. |
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Elon Musk says AI is starved for computing power. So he’s building his own chip plant in Grimes County, Texas. And it will be the largest one in the world.
Tech investor Jeff Brown has visited the area, and he believes this project is part of a bigger plan that could send demand soaring for a little-known company with a patented AI technology.
Watch this free briefing, and find out why he believes it could be AI’s next big winner.
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Politics |
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Texas: Talarico vs. Paxton is the Senate race of the cycle TOSS-UP Democrat James Talarico and Republican Ken Paxton — the state’s three-term attorney general who survived a 2023 impeachment trial — faced off in what forecasters called the marquee Senate contest of 2026. A Talarico win would be the first Democratic statewide victory in Texas since 1994. |
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Ohio: former senator Sherrod Brown held 4-point lead in final polls Former US Senator Sherrod Brown entered election night leading Republican Senator Jon Husted by 4 points in the most recent Marist poll in Ohio’s special Senate election. Brown is trying to return to the seat he lost to Republican Bernie Moreno in November 2024. |
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Democrats need 3 House seats to flip — Indiana and Kentucky offered first clues Election analysts pointed to Indiana’s 5th District and Kentucky’s 6th as early bellwethers, since those polls closed first at 6 p.m. ET on Tuesday. A strong Democratic showing in those swing districts would signal a wider wave across the 435-seat chamber. |
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Trump hosts White House viewing party as his agenda faces the ballot Trump held a viewing reception at the White House as results rolled in Tuesday night, the first major electoral test of his second term. The president spent the final days of the campaign with rallies in Mississippi, Texas, Ohio, South Carolina, and Kansas, and a 53-minute speech at the Lincoln Memorial on Monday. |
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South Carolina sets new record for governor’s race turnout South Carolina broke its all-time record for voter turnout in a gubernatorial election on Tuesday, in a contest to succeed term-limited Republican Henry McMaster. Republican state Attorney General Alan Wilson faced Democrat state Representative Jermaine Johnson. |
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Markets |
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S&P 500 snaps 3-day slide as chip stocks rebound on election day +0.36% The S&P 500 rose 0.36% to 7,568.92 on Tuesday, breaking three straight sessions of decline, while the Nasdaq gained 0.83% to 25,372 on a rebound in chip stocks. The Dow Jones fell 0.38% to 51,787 as Apple shares dragged the 30-stock index lower. |
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WTI crude settles at $96.09, a near 4-week low Oil prices extended their decline as traders weighed the chance of an Iran deal against the latest US strikes on Qeshm Island. WTI settled at $96.09 on Tuesday, down from above $103 early Monday, while Brent crude traded near $104. |
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Apple falls 1.9% on weak holiday margin outlook — biggest Dow drag Apple shares dropped about 1.9% on Tuesday as investors focused on new CEO John Ternus’s forecast for tighter margins in the holiday quarter, overshadowing the company’s record September-quarter revenue. The decline made Apple the single largest drag on the Dow for the session. |
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Bitcoin holds $76,500 as Binance fallout and election fog weigh on crypto Bitcoin traded near $76,500 on Tuesday, down about 39% from its October 2025 peak of roughly $126,000 and under pressure from the record Binance hack. Gold slipped toward $3,940 per ounce as Treasury yields rose on stronger-than-expected September job openings data. |
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AMD and Arista beat estimates after the bell — chip rally set to extend AMD reported revenue of about $13.4 billion, beating estimates, and its stock jumped 7% in after-hours trading on Tuesday. Arista Networks surged 12% to $190.82 on its own strong third-quarter results, while Super Micro Computer rose 3.1%. |
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Entertainment |
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Point of Law wins Melbourne Cup — Maher breaks 166-year record $4.5M PURSE Point of Law, ridden by jockey Ethan Brown, won Australia’s 166th Melbourne Cup at Flemington Racecourse on Tuesday, taking home a $4.5 million first prize. Trainer Ciaron Maher made history by saddling the first, second, and third-place finishers — a feat never achieved in the event’s 166 years. |
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Bears rout Seahawks 34-17 on Monday Night Football Quarterback Caleb Williams threw for 247 yards and newly acquired defensive tackle Jeffery Simmons tallied six tackles, a sack, and two tackles for loss as the Chicago Bears beat the defending Super Bowl champion Seattle Seahawks on the road. The loss dropped Seattle to 4-4. |
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Sweden’s Almgren wins NYC Marathon in his first-ever 26.2-mile race Andreas Almgren of Sweden won the men’s race at the 2026 New York City Marathon on Sunday in 2 hours, 6 minutes and 1 second, in his marathon debut. Kenya’s Sheila Chepkirui won the women’s race for the second time in three years, while American Jess McClain finished second. |
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GTA VI launches November 19 — one day before Hunger Games opens Rockstar Games’ Grand Theft Auto VI is set to release on November 19 for PlayStation 5 and Xbox Series consoles, with pre-loads starting November 10. The Hunger Games: Sunrise on the Reaping, starring Joseph Zada, opens in US theaters the following day. |
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2026 global box office on pace for $35.7 billion — best since 2019 Box office tracker Gower Street Analytics projects 2026 worldwide ticket sales will reach $35.7 billion, up 2.9% from its prior estimate and the industry’s best year since before the pandemic. November’s packed slate of releases — including GTA VI and Hunger Games — is expected to drive the final push. |
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