Top Stories
Top Stories
Morning Brief

Wall Street seeks to continue win streak as new month begins

Key Points


U.S. stock futures were higher this morning. October's gains for the Dow, S&P 500, and Nasdaq were the best since February, with the Nasdaq ending the month with another record high close. The Dow had 12 record closes for the month, with 11 for the S&P 500. (CNBC)

The market's marquee event of the day is the release of the Fed's latest interest rate decision and policy statement at 2 p.m. ET. It is not expected to raise rates, but Fed watchers expect an upbeat assessment that will set the stage for an increase at the December meeting. (CNBC)

* Trump is expected to pick a new Fed Chair. Here's what it means for rates (CNBC's Trading Nation)
* Cramer: Forget politics. Here's why the market's moves are genuine (CNBC)

Bitcoin surpassed $6,500 today to hit a new record high, boosted by bets the cryptocurrency could enter the financial mainstream after the world's largest derivatives exchange operator said on Tuesday it would launch bitcoin futures. (CNBC & Reuters)

A busy morning for earnings includes numbers from Allergan (AGN), Clorox (CLX), Cognizant Technology (CTSH), Estee Lauder (EL). Facebook (FB), Tesla (TSLA), Kraft Heinz (KHC), and Qualcomm (QCOM) lead today's list of after-the-bell reports. (CNBC)

It's a busy day for economic numbers, beginning at 8:15 a.m. ET with the October ADP report. At 10 a.m. ET, the ISM is out with its October manufacturing index. At the same time, the government is out with September construction spending. (CNBC)


At least eight people are dead and 11 are seriously injured after a man in a rented pickup truck mowed down pedestrians and cyclists along a busy bike path near the World Trade Center memorial. New York's mayor called it "a particularly cowardly act of terror." (AP)

Authorities have identified a suspect in the New York City terrorist attack as 29-year-old Sayfullo Habibullaevic Saipov, NBC News has learned. After being shot in the abdomen by police, the suspect is currently at a hospital, where he refused to answer an initial round of questions.

* In the wake of attack, Trump says he's ordered increased 'Extreme Vetting' (CNBC)
* Exuberant and defiant, New Yorkers flock to Halloween parade despite attack (Reuters)

House Republicans will delay the release of their tax bill until tomorrow amid disagreement on the details of the plan. The release of the bill had been slated for today, and President Donald Trump has touted it as "the biggest tax event in the history of our country." (CNBC)

* Trump tax plan has lackluster public support, poll says (CNBC)

George Papadopoulos, the obscure Trump campaign advisor who plead guilty to lying to FBI agents, has reportedly claimed campaign officials agreed to a pre-election meeting with Russia. (Bloomberg)

* Former Trump campaign adviser denies encouraging aide on Russia dealings (Reuters)

The United States is quietly pursuing direct diplomacy with North Korea, a senior State Department official told Reuters, despite President Trump's public assertion that such talks are a waste of time and has exchanged insults with North Korean leader Kim Jong Un.

* Trump will not visit the Korean demilitarized zone during his trip to the region (CNBC)

Unauthorized drones are flying an average of twice a day above critical military infrastructure just 4 miles from the White House, according to a new study from drone-detection start-up Dedrone and the Department of Defense.

House Financial Services Chairman Jeb Hensarling has announced that he will not seek re-election in 2018. The 60-year-old Republican from Texas said he wanted to spend more time with his family and has "already stayed far longer than I had originally planned." (CNBC)

Wal-Mart (WMT) is gearing up for the holiday season with plans to invest even more in the in-store shopping experience. The big-box retailer plans to hold more than 20,000 parties (yes, parties) at its stores over the next two months. (CNBC)

Facebook, Twitter, and Google executives go back to Capitol Hill today for the second day of hearings on Russian online ad buying aimed at influencing the 2016 presidential election. Before senators on Tuesday, Facebook pledged to double the number of people working on issues related to safety and security. (CNBC)

Microsoft is working on an artificial intelligence chip for its next generation HoloLens headset. And the U.S. technology giant could take it to other products in its hardware range, Panos Panay, corporate vice president of devices at Microsoft, told CNBC.

Grail, the cancer detection start-up backed by tech giants Alphabet (GOOGL) and Amazon (AMZN), is already seeking new funding, mere months after it closed a $900 million round in March. The company had previously raised $100 million in 2016. (CNBC)

HP, maker of printers and personal computers, said today it completed its purchase of Samsung Electronics' printer business in a deal valued at $1.05 billion. (CNBC)


Papa John's (PZZA) cut its sales and earnings outlook, as profit margins fall and sales growth slows. Papa John's did match estimates in its latest quarter with profit of 60 cents per share, with revenue exceeding Street forecasts.

3D Systems (DDD) lost 20 cents per share for its latest quarter, surprising analysts who had expected a 12 cents per share profit, and revenue for the maker of 3-D printers also fell short of estimates. The company also withdrew its forward guidance, citing leadership changes and its business transformation.

Electronic Arts (EA) reported quarterly profit of 65 cents per share, beating the consensus estimate of 54 cents, but revenue for the videogame publisher fell short of forecasts. Its revenue forecast for the holiday quarter is also short of Street estimates amid tough competition from rivals like Activision Blizzard (ATVI) and others.

Envision Healthcare (EVHC) earned an adjusted 73 cents per share for its latest quarter, 15 cents shy of consensus estimates. The provider of physician services said its results were impacted by the quarter's hurricanes, and also said it is reviewing strategic alternatives that could include a sale.

Checkpoint Software (CHKP) beat estimates by six cents with adjusted quarterly profit of $1.30 per share, with the cybersecurity software maker also topping estimates on the top line. However, its current quarter forecast falls below consensus due to a restructuring of its sales force.

U.S. Steel (X) saw its quarterly earnings come in 21 cents above estimates at an adjusted 92 cents per share, while the steel maker's revenue also beat forecasts. U.S. Steel's profit was more than double year-earlier levels, as prices strengthened and operations at its mills improved.


On the night of Halloween, the Los Angeles Dodgers rallied past the Houston Astros for a 3-1 game victory. The win forced a World Series Game 7, the first ever played in the 55-year history of Dodger Stadium. (USA Today)