Wall Street Brunch: Midterms, Jobs And Apple
Download this episode onApple Podcasts/Spotifyor listen below: Voters head to the polls withodds favoring a Dem sweep.
(0:17) Nonfarm payrollsseen up 65K for October.
(1:26)Apple,AMDandPalantirearnings test battered tech stocks.
(1:59) Attention turns to politics this week with the midterm elections, while the jobs report dominates the macro front and Apple (AAPL), AMD (AMD) and Palantir (PLTR) report earnings amid a brutal tech selloff.
Voters head to the polls Tuesday with control of both chambers of Congress at stake.
Republicans currently hold a narrow House majority and a 53-47 advantage in the Senate.
A shift in congressional control could have implications for fiscal policy, regulation and sectors including banks, crypto, defense and healthcare.
Prediction-market tradersare increasingly pricing in a Democratic sweep this week.
Kalshi’s balance-of-power market put the chance of Democrats winning both the House and Senate at about 70% on Sunday morning, up sharply from levels seen earlier in the fall.
Odds of a Democratic sweep were below 50% in early September.
The contract for Democrats taking the House while Republicans retain the Senate stood at 27%, while a Republican sweep was priced at 6.7%.
Polymarket showed a similar picture, with traders putting the odds of a Democratic sweep at 72%.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
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| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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