Fed Target3.75–4.00%Fed Funds Eff.3.88%SOFR3.92%

Friday, November 6, 2026

The Daily Brief →

Markets Wrap

Nasdaq Falls 5.3% Into Correction Territory as Chip Stocks Lead a Broad Selloff

Every major U.S. index is down sharply late Thursday morning, one day after the Dow posted its best day since April 2025. The selling is concentrated in chips and AI infrastructure, and it has carried the Nasdaq more than 11% below its October record close.

Nov 5, 2026 · 3 min read

Politics

2026 Midterm Elections Explained: 435 House Seats, 35 Senate Seats and Control of Congress at Stake

Markets

Marvell to Buy Lumentum in $115B All-Stock Deal to Lead AI Connectivity

Earnings

Apple Posts Record $114.5B Quarter as Tariff Refunds Add $0.05 to EPS

Markets

Alphabet Stock Falls 12.6% in Worst Day Ever After Earnings Miss and Negative Cash Flow

Markets

Rates

Nov 5
Fed Target3.75–4.00%
Fed Funds Eff.3.88%
SOFR3.92%

Currencies

Nov 6
EUR/USD1.1165▼ 0.53%
GBP/USD1.3385▼ 0.55%
USD/JPY158.33▼ 0.08%
USD/CNY6.6713▲ 0.04%
USD/INR93.92▼ 0.59%
USD/CAD1.4066▲ 0.72%
USD/CHF0.8189▲ 0.12%
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Rates: U.S. Treasury par yields and New York Fed reference rates, latest published. Currencies: European Central Bank reference rates. Changes are against the prior reading; rates in basis points.

With Immense Power Comes the Ledger: What the New Democratic Congress Promised, What Flipped-State Voters Need, and the Gap Between Them

Democrats won both chambers on affordability and healthcare. Their stated agenda matches the flipped farmer vote on ACA premiums, Medicaid and tariffs in intent — and has no named programme yet for fertilizer, diesel or farm credit. And the most urgent farm deadline is decided by the outgoing Congress, before the new gavels are seated on January 3.

Nov 5, 2026 · Kanchan Sharma

Midterms 2026

Iowa Farm Country Decided Control: Turek Beats Hinson, and the Senate Flipped With the Soy Market

An open seat, a harvest run on expensive diesel, a soybean market hit by tariffs — and the race AP called at 11:35 p.m. that gave Democrats the Senate. The numbers behind the flip, and what the new Agriculture Committees can and cannot deliver from January 3.

Midterms 2026

Kansas: The Farmer Flip — Hamilton Ends a 94-Year Drought on a $737,375 Farm Ledger

The Preisser family of Sylvia, Kansas itemised it on paper for CBS News: $514,625 more for fertilizer, $187,000 more for diesel, and $325,000 less in revenue. Fertilizer up 15.3 percent nationally, no Farm Bill after a two-year wait, and a first-ever Democratic vote from the man who started the farm. Kansas also kept the counterpoint in the same story — not every farmer under the same pressure flipped.

Midterms 2026

Maine: Heating Oil Above $6, a Canada Tariff Waiver on October 23, and the Seat Susan Collins Still Lost

Troy Jackson, a fifth-generation logger, ousted a five-term senator in a state where 54% of homes heat with oil. The waiver exempted nine farm categories four days before the election — and the same order added other tariffs. What the record shows, and what it does not.

Midterms 2026

North Carolina: Roy Cooper Wins the Senate Seat Democrats Last Won in 2008, on One Promise — Make Stuff Cost Less

The first flip of election night, called at 8:23 p.m. A former governor who expanded Medicaid to more than 700,000 people beat a former party chairman who had never held office, by roughly twenty points. The money, the healthcare fight, and the margin, in numbers.