Welcome to Staten News — where the same election sent the Dow up, made data center builders nervous, and did nothing to save a presale box from itself.
One thread ran through two categories today: AI demand keeps beating estimates, and now it has a political opponent with a majority.
💰 Finance
Democrats won both chambers, with CNBC projecting at least 245 House seats and at least 51 in the Senate.
Stock futures sold off overnight, then Dow futures hit up 803 points (1.5%) by 7:39 AM as Wall Street priced in gridlock. They had cooled closer to 1% by 8 AM.
AMD, our Monday pick, beat on revenue ($13.38 billion vs. $13.06 billion) and guided Q4 to about $17 billion. Shares rose 7.54% after hours to $520.40.
Policy winners moved fast premarket: First Solar up 8.5%, Plug Power up 10.6%, Molina up 6.3%, while CoreWeave fell 3.6%.
Palantir, our predicted loser, grew revenue 96% and still slipped 1.6%. Apple fell 1.9% on a 45% to 46% gross margin guide tied to memory costs.
The 10-year hit 4.96% Tuesday and Brent settled at $103.60, so the rally still has to clear long rates and oil.
Friday's October jobs report is next, with about 55,000 jobs and 4.2% unemployment expected.
Full story: Democrats Took Congress Overnight. Dow Futures Were Up 800 Points by Breakfast.
🏈 Sports
The Bears beat the defending champion Seahawks 34-17 to reach 6-2. Seattle fell to 4-4 after going 1-for-11 on third down.
Jeffery Simmons cost Chicago two first-round picks and paid off immediately: six tackles, a sack and two tackles for loss in the debut.
Winnipeg trailed Montreal 4-0 with 2:39 left, scored four goals in 2:06 and won 5-4 in overtime, the latest four-goal comeback win in NHL history. It also ended a nine-game losing streak.
Memphis lost its unbeaten record, falling 135-134 in overtime to New Orleans despite 40 from Ty Jerome.
Luka Doncic scored 42 in a 138-117 win over Miami, a fifth straight game of 35-plus points, 5 rebounds, 5 assists and 5 threes. That ties Damian Lillard's record streak.
Lamar Jackson is on injured reserve with a thumb injury, so undrafted rookie Joe Fagnano likely starts Thursday as Baltimore gets 8.5 to 9.5 points at home against Jacksonville.
Tonight's headliner is 76ers (7-1) at Pistons (6-1), the East's two best records.
Full story: Seattle Went 1-for-11 on Third Down. The Bears Are Not a Cute Story Anymore.
💻 Tech
Gina Hinojosa beat Greg Abbott in Texas and wants an immediate data center moratorium until the legislature can meet. Georgia's and Ohio's new governors also favor tighter rules.
56% of voters in a CNBC poll called data centers a crucial or major factor in their vote.
Rep. Robert Garcia, the presumptive Oversight chair, told tech firms to “lawyer up,” and Rep. Greg Casar wants AI CEOs testifying under oath.
Arista guided Q4 to $3.9 billion to $4.0 billion against a $3.60 billion estimate and rose about 12% after hours.
Super Micro forecast fiscal 2027 sales of $72 billion to $82 billion against a $69.17 billion consensus and rose more than 9%.
John Ternus called memory pricing “unprecedented” on a first Apple call as CEO, and server-side Siri AI is getting usage limits with expanded access for sale.
Marvell agreed to buy Lumentum in an all-stock deal worth about $115 billion, then both stocks fell double digits on Monday. Closing is targeted for the first half of 2028.
Full story: Data Centers Were on the Ballot. Texas Elected a Governor Who Wants Them Paused.
🃏 TCG
The 30th Celebration UPC [Night] went from $575.44 on October 30 to $450.33 today, down 21.7%, two days before release.
The Night premium over Day went from $41.47 to minus $2.16, with Day at $452.49. These are thin presale markets, so treat every number as provisional.
Delta Reign Booster Box sits at $226.95 market against $161.64 MSRP, and the Elite Trainer Box is $105.80 against $49.99.
Mega Rayquaza ex SIR (138/103) sold for $800 on eBay on October 25 and $449.99 on TCGplayer on November 3.
Estimated odds on that card are about 1 in 480 packs, which works out to roughly $3,026 in boxes on average at today's market. Those odds are borrowed from Pitch Black, not measured on Delta Reign.
Aarni Karjala won the Gdansk Regional with Slowking, a 7.62% deck in a format where Dragapult is 36.5%.
An Art Academy Mudkip PSA 10 sold for $4.88 million at Goldin on October 26, up from $3.72 million for the same card and grade a month earlier.
Full story: The 30th Celebration Night Box Was $575 on Friday. It's $450 Now.
This is not financial advice. Always do your own research.
Stay sharp. Signal over noise. — The Bandicoots 🔥