HIGH Average Hourly Earnings m/m
USD F:0.3% P:0.1%

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USA natural gas storage 77b vs 81b est.

Correction: fed's hammack says gradual rate hikes less disruptive to economy and financial system; inflation has been too high, moving in wrong direction; it's hard to see dollar losing reserve status

Trump administration proposes rule changes to streamline commercial space launch and reentry licensing

Fed's barkin says credit dynamics in the banking sector are reassuring at this point

Fed's barkin says changing the pace of policy meetings does has the advantage of a better flow of data for each session

Fed's barkin says data centers, because of lack of employees, do not have natural constituencies in the communities where they are located

Fed's barkin says ai buildout has definitely had an inflationary impact in the near term

Fed's barkin says do not think ai is what is currently driving productivity as much as adaptation to the labor shortages that began during the pandemic

Fed's barkin says interest rates are probably not the top thing that would curb ai, but they will have some impact; inflation is the most important risk for the fed right now; the budget deficit is "sizeable," fiscal policy over the past few years has been a tailwind for the economy; do not have a point of view about what will happen to fiscal policy following the election

Fed's barkin says the set of cost pressures of the past 18 months, starting with tariffs, are broad based and firms feel they have to pass them along; do not anticipate inflation will accelerate, but also don't see it falling at this point; the path on policy is straightforward; the issue now is pace and gradual "makes sense"; policy right now is somewhere around neutral; ai is a big part of current strong demand

Fed's barkin says demand in the economy is solid, altough some sectors don't feel it; businesses are still cautious about hiring but are not yet firing; there is cost pressure on businesses; earnings remain strong, and that's encouraging firms to invest and hold onto workers

Fed's hammack says fed's hammack says gradual rate hikes less disruptive to economy and financial system; inflation has been too high, moving in wrong direction; it's hard to see dollar losing reserve status

Five signals that preceded past recessions are back — and ai is at the center

USA initial jobless claims revises prior from 194k to 195k

USA nonfarm productivity (qoq) for q3 prior revised from 1.4% to 2.1%

Continuing jobless claims prior revised from 1.71m to 1.695m

USA initial jobless claims 189k vs 197k est.

USA nonfarm productivity (qoq) for q3 3.6% vs. 2.8% est.

Continuing jobless claims 1.718m vs 1.71m expected

USA unit labor costs (qoq) for q3 -0.7% vs 0.3% est.

Trump era reaches ‘beginning of the end’ following ‘blue tsunami,’ carson strategist says divided government is ‘good for markets’

Politicians fight data centers while betting your retirement on them

China has yet to approve large-quantity imports of nvidia h200 chips, though smaller volumes have entered through unofficial channels; ~600k h200 ai chips are in hong kong awaiting shipment to mainland china; major chinese internet companies have each received ~10k h200 chips in recent months -- reuters exclusive

Stock market today: dow jones, s&p 500 futures trade mixed after post-midterm rally — tm, arm, qcom in focus

Dan ives warns chip stocks aren't done falling, sees another 12% drop — but tom lee calls ai selloff an 'overreaction,' predicts 20% tech rally

Stock market: will s&p 500 open up or down today?

Dow posts biggest post-midterm rally in 44 years as trump celebrates us stock surge despite losing congress to democrats

Ted cruz blames midterm defeat on k-shaped economy, ‘yawning divide’ between elon musk and millions of struggling families

Quick spark: trump celebrates stock rally fueled by his own party’s midterm defeat

Vti vs. spy: why wall street's post-midterm rally isn't as broad as it looks

Trump diesel deal with russia falters as us fuel supplies hit 20-year low' - financial times

President trump says iran war will end whenever i want it

President trump on election, says it's largely true election loss was result of iran war; it was worth it; you can't let iran have a nuclear weapon; i'll get along probably with the democrats unless they want to be destructive; if i were on the ballot we would have won, we weren't able to transfer the love to candidates; says it would destroy democratic party if they impeached me

House minority leader hakeem jeffries speaks after democrats win control of house; says have not heard from trump; we will pass a bill to stop trump tariffs and end the iran war

Why investors may be getting the blue wave trade wrong

Overnight trading on the s&p 500

President trump has been asking advisers around him and on the phone whether defense secretary pete hegseth should stay in his job, following republicans' catastrophic losses tuesday night, multiple sources familiar with the matter tell cbs news'

Senate majority leader schumer says we will end the war, some republicans have joined us

8 of 11 sectors rise wednesday as growth leads

U.S. vice president jd vance, on social media, says the gop lost midterms because of the iran war and israel, says republicans must have an honest conversation

Crypto industry braces for capitol hill probes, policy defense' - bloomberg government

USA crude oil inventories 0.865m barrel draw vs 1.700m barrel draw est.

USA gasoline inventories 0.222m barrel draw vs 0.200m barrel build est.

Eia weekly distillates stocks 3.565m barrel draw vs 0.100m barrel draw est.

Mike johnson will step aside as house gop leader' - politico

Benzinga market summary: s&p rises after democrats win U.S. house and U.S. senate majority, texas results weigh on musk-owned and ai-related companies, trump media & technology sliders after midterms and mcdonald's rises on q3 adj. eps beat.

Ism non-manufacturing employment for october 51.4 vs 50.1 prior

Ism non-manufacturing pmi for october 54.5 vs 54.8 est.

Ism non-manufacturing prices for october 73.0 vs 74.0 prior

USA s&p global composite pmi for october 55.9 vs 57.6 est.