Good morning, and happy Thursday. Washington is already turning to the next chapter after Tuesday’s elections, tensions remain high around the Strait of Hormuz, and a busy day of economic news is ahead. Here is what you need to know, in about five minutes.
Top stories
Democrats Win Control of House and Senate in 2026 Midterm Elections
Tuesday’s midterms handed Democrats both chambers of Congress for the final two years of President Trump’s term. Our report walks through the results and what changes in January.
Speaker Johnson Won’t Seek GOP Leader Post as Alaska, Mississippi Stay Uncalled
House Speaker Mike Johnson said he will not run to lead Republicans in the minority, while Senate races in Alaska and Mississippi were still being counted.
Dow Jumps More Than 1,000 Points as Democrats Win Control of Congress
Wall Street rallied hard on Wednesday as investors reacted to the election results, with all three major indexes finishing sharply higher.
Iran Says 4 Tankers Hit Mines Near Hormuz as Trump Weighs Larger Strike
Iran’s Revolutionary Guard said four tankers caught fire after hitting mines near the Strait of Hormuz, as the White House signaled a bigger strike was under consideration.
Ukraine Honors Melania Trump for Oleshky Truce Ahead of White House Meeting
President Zelensky awarded the first lady Ukraine’s Order of Princess Olga for her humanitarian work, ahead of planned talks she is set to host.
Trump Says U.S. Will End $4 Billion a Year in Aid to Israel by Year’s End
The president said annual U.S. military aid to Israel will stop after this year, a major shift in a decades-old partnership.
Ballot Measures 2026: What Voters Decided on Abortion, Voter ID and Citizenship
Voters in many states also settled questions on abortion, voter ID and citizenship rules. Here is a plain-language rundown of the outcomes.
3M Agrees to $7.35 Billion Deal Over PFAS Firefighting Foam Injury Claims
3M reached a settlement covering personal-injury claims tied to firefighting foam that contained so-called forever chemicals.
ACA Open Enrollment Is Here: Higher Premiums and Insurer Exits for 2027
Open enrollment for marketplace health plans is underway, and many families will see higher premiums and fewer insurer choices. Our guide explains what to check.
Mortgage Applications Dip 1.2% Even as Rates Hit Lowest Level Since September
Home loan applications slipped last week even though mortgage rates eased, a sign buyers are still cautious heading into the holidays.
What to watch today
- 7 a.m. ET: The Bank of England announces its interest rate decision; markets widely expect its first rate increase since 2023.
- 8:30 a.m. ET: The Labor Department releases weekly jobless claims, a quick read on layoffs a day before Friday’s jobs report.
- Noon ET: Freddie Mac publishes its weekly mortgage rate survey, closely watched by home buyers.
- After the market close: Airbnb and DraftKings report third-quarter results.
- 8:15 p.m. ET: Thursday Night Football: the Jacksonville Jaguars visit the Baltimore Ravens on Prime Video.
Good news
A guide dog named Eddie was named the 2026 Hero Dog Awards winner, announced Wednesday on TODAY. Eddie helps his owner, Luis Rodriguez, a legally blind Miami businessman, move through his days with confidence again. Read the full story on Upstormed News this morning.
Quote of the day
The storm came to test you, not to keep you.
— Jonathan Anthony Burkett
Share this briefing with someone you love. Read more at upstormednews.com.
Sources: TipRanks, “Stock Market Today, Nov. 5: Futures Mixed After Democratic Victory Sparks Wall Street Rally” (November 5, 2026); investingLive, “Bank of England preview: first hike to 4% expected” (November 2026); Airbnb, “Airbnb to Announce Third Quarter 2026 Results”; DraftKings, “DraftKings to Release Third Quarter 2026 Results on November 5, 2026”; Jaguars.com, “Jacksonville Jaguars host Thursday Night Football watch party at VyStar Ballpark Nov. 5”; Renderfoot, “NFL Week 9 Schedule 2026”.
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