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Hour in Review — 2026-11-02 04:00 UTC 22 sources
The US Senate fight dominated the government side of the hour. New Times/Siena polling gives Democrats slight edges in seven competitive races ahead of Tuesday's election, though most are statistical ties 1,2. In Maine, a Fox News poll has Susan Collins and Democrat Troy Jackson tied at 49%, and Collins accused Chuck Schumer of pushing attack ads full of "outright lies," including one concerning Jeffrey Epstein 3. In Michigan, Abdul El-Sayed won endorsements from Muhammad Ali's daughter and grandson 4, while Haley Stevens endorsed Republican Mike Rogers over him, drawing a crude rebuke from James Carville 5. In markets, the clearest thread was doubt about AI. A global AI selloff and small-cap losses are pushing investors toward India's large caps 6, and investors are reportedly buying bonds to hedge against the risk that US AI-sector growth stagnates 7. That unease sits alongside continued AI borrowing and dealmaking. Singapore's STT GDC is reportedly negotiating a roughly $2.4 billion syndicated loan as AI-driven debt demand keeps rising 8, and Sam Altman made a surprise South Korea trip to meet Samsung executives, with SK Group executives reportedly also present, as OpenAI builds on chip partnerships 9. Separately, Elon Musk said the cost of running Grok is "unsustainably high" relative to its revenue 10. In China, weak official manufacturing readings are fueling bets on another PBOC rate cut 11, and Primavera's Fred Hu urged much bolder policy action 12. Big bank shares jumped after robust third-quarter earnings 13, and the yuan held near a four-year high 14. On energy, OPEC+ will hold output flat in December for a third straight month 15, and Japanese groups have staged a $21bn deal spree to secure gas supplies amid market upheaval 16. In a separate report, Iranian ghost fleet tankers were documented evading the US naval blockade to smuggle sanctioned liquefied petroleum gas to China via an offshore hub in Malaysia . Among top-tier items, the Justice Department said it identified about $29.1 million in Minnesota benefits fraud over one month, charging, convicting or sentencing 13 people in schemes with nearly $83 million in intended losses 17. Utah teen Kylie Arellano was found safe in Oregon after more than 500 days missing, and a 39-year-old man was taken into custody 18. Abroad, exit polls show incumbent Iliana Iotova winning Bulgaria's presidential runoff 19, drawing congratulations from the European Commission president 20. Latvia's military said a suspicious-object incursion near the Belarus-Russia border was over less than an hour after it was announced 21, and a midsize jet crash in Florida killed all nine aboard 22.
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