US Morning News Call | Senate Invokes Cloture on Funding Bill to End Government Shutdown

Moomoo Breakfast US joined discussion · Nov 10 05:49

Key Takeaways:

• Senate Invokes Cloture on Funding Bill to End Government Shutdown

• Warren Buffett's Letter Comes Monday

• Key Earnings: CoreWeave, Beyond Meat, etc.

Before the Bell

On Monday, stock futures increased after Senate lawmakers made a crucial move towards potentially resolving the historic U.S. government shutdown.

$E-mini NASDAQ 100 Futures (MAR6) (NQmain.US)$ went up by 1.39%;

$E-mini S&P 500 Futures (MAR6) (ESmain.US)$ went up by 0.87%;

$E-mini Dow Futures (MAR6) (YMmain.US)$ went up by 0.36%.

Top News

Senate Invokes Cloture on Funding Bill to End Government Shutdown

The U.S. Senate officially invoked cloture on the motion to proceed to H.R.5371, the Continuing Appropriations and Extensions Act, 2026, with a vote of 60-40. This procedural step is the first in a series required to pass the compromise legislation and end the government shutdown, which has now lasted 40 days. The bill is expected to fund the government until January 30.

Nvidia Urges TSMC to Boost Blackwell 3nm Wafer Output by 50%

$NVIDIA (NVDA.US)$ has requested that $Taiwan Semiconductor (TSM.US)$ increase its 3nm wafer output for the Blackwell AI chip by up to 50%. This would raise the monthly capacity from approximately 100,000–110,000 wafers to about 160,000, adding around 35,000 wafers monthly for Blackwell chips.

TSMC Reports Strong October Revenue

$Taiwan Semiconductor (TSM.US)$ reported October revenue of NT$367.47 billion, an 11% increase month-over-month and a 16.9% increase year-over-year.

Tesla Confirms Robotaxi Expansion to Five New U.S. Cities

$Tesla (TSLA.US)$ will launch Robotaxi in Las Vegas, Phoenix, Dallas, Houston, and Miami next, broadening its Service Area for the suite to more major cities across the U.S. This expansion is part of a larger goal to capture half of the U.S. population's ride-hailing needs by the end of the year.

Pfizer Clinches Deal for Metsera Expected to $10 Billion

$Pfizer (PFE.US)$ has reached an agreement to acquire the obesity drug developer $Metsera(Delisted) (MTSR.US)$ for a deal expected to $10 billion, winning a bidding war against Novo Nordisk. The deal is for up to $86.25 per share, with $65.60 in cash upfront.

Warren Buffett's Letter Comes Monday

Legendary investor and outgoing $Berkshire Hathaway-B (BRK.B.US)$ $Berkshire Hathaway-A (BRK.A.US)$ CEO Warren Buffett plans to release a letter to Berkshire shareholders on Monday. Warren Buffett's letter to shareholders will likely be his last as Berkshire Hathaway CEO.

Crypto News

$Bitcoin (BTC.CC)$went up 1.28% to $106,065; $Ethereum (ETH.CC)$ went up 0.67%, to $3,607.

Acting CFTC Chair Confirms Push for Leveraged Spot Crypto Trading

The acting chair of the Commodity Futures Trading Commission (CFTC) confirmed a push to allow leveraged spot crypto trading on regulated exchanges.

Market Events

Key Earnings

After Market

The market anticipates $CoreWeave (CRWV.US)$ revenue of $1.28 million, with EPS at -$0.512.

The market anticipates $Occidental Petroleum (OXY.US)$ revenue of $6.74 billion, down 5.78% YOY, with EPS at $0.485, a 50.51% YOY decrease.

The market anticipates $Rocket Lab (RKLB.US)$ revenue of $0.15 billion, up 44.76% YOY, with EPS at -$0.104, a 4.5% YOY decrease.

The market anticipates $Beyond Meat (BYND.US)$ revenue of $69.79 million, down 13.85% YOY, with EPS at -$0.478, a 16.52% YOY decrease.

Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more