MNI POLITICAL RISK - 'Blue Wave' Fuels Democratic Optimism

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Executive summary:

• President Donald Trump will deliver remarks to a breakfast for Republican Senators at 08:30 ET 13:30 GMT, before departing for Miami, where he will deliver remarks at the American Business Forum Florida. Secretary of State Marco Rubio will brief lawmakers on the Trump administration's anti-narcotics operations in Latin America before hosting his counterparts from Central Asia ahead of a landmark leaders' summit tomorrow.
• Voters delivered a rebuke to Trump with a 'blue wave' of Election Day results. While Republicans will stress that off-year elections are not predictive of future elections, bettors saw enough in yesterday’s results to invert their outlook for the midterms.
• The election results may temper growing optimism for a quick resolution to the government shutdown by appearing to endorse Senate Minority Leader Chuck Schumer’s (D-NY) hardline strategy to extract concessions on healthcare. The Virginia results, in particular, may buoy Democrats as the state is home to a high proportion of federal government workers directly impacted by the shutdown.  
• At 10:00 ET 15:00 GMT, the Supreme Court will hear arguments on the legality of Trump’s reciprocal tariffs. Prediction markets assess a rougly 60% chance Trump loses the case, which may be pessimistic considering the court’s recent rulings on issues relating to executive authority.
• Trump announced that trade talks with Switzerland have restarted after a meeting with executives.
• Poll of the Day: Trump’s approval for his handling of the shutdown has fallen faster than that of Democrats and Congressional Republicans.

Please find the full article attached below: US DAILY BRIEF