US STOCKS: Midday Equities Roundup: Off Highs, Position Squaring Ahead Next FOMC

Sarah Ferris at CNN reports on X, “Senate Dems involved in talks to end shutdown are using election to try to spur GOP to back a framework to temporarily extend ACA with some reforms to reopen govt, per 2 sources. “With that it ends fast; without we stare at each other another week.”

• The report appears to confirm that the ‘blue wave’ overperformance at yesterday’s elections has bolstered Democrats' position that a hardline stance on reopening the government is endorsed by voters.
• Senate Minority Leader Chuck Schumer (D-NY) said at a press conference a few moments ago: “Last night [election result] was clear, unmistakable, as a repudiation of Trump and a vindication of what Democrats have been fighting for over the past several months…”
• Schumer said voters, “know that Democrats are fighting for them and Republicans are doing nothing to address the healthcare crisis. And last night Republicans felt the political repercussions.”
• Schumer maintained that he will not endorse reopening the government until Republicans, “sit down with us and address the healthcare crisis.” Adds: “That’s the way to end the shutdown. Plain and simple.”
• When asked if he supports Senator Jeanne Shaheen’s (D-NH) initiative to reopen the government with a bipartisan deal, Schumer says: “I’ve always encouraged Republicans and Democrats to sit down and talk with each other but all Democrats agree that Trump should sit down and talk as a way to solve this.”

• Date $MM Issuer (Priced *, Launch #)
• 11/05 $1B #Santos Finance 10Y +168
• 11/05 $750M #CBRE Services 7Y +98
• 11/05 $600M #Mattel 5Y +130
• 11/05 $Benchmark Equinix 5Y +85
• 11/05 $Benchmark Polaris +5Y +200a
• 11/05 $Benchmark KEPCO 3Y SOFR+62, 5Y +47
• 11/05 $Benchmark Intercontinental Exchange 3Y +45, +5Y +60
• 11/05 $Benchmark Apollo Global Mgt 5Y +110a, 10Y +130a
• 11/05 $Benchmark Transcontinental Gas Pipeline 10Y +120a, 30Y +130a

• US TSY TO SELL $58.000 BLN 3Y NOTES NOV 10, SETTLE NOV 17