Bessent Torches Warren and Klobuchar as "Failures" for Opposing Economic Agenda

Bessent torches Dems

DOGE drone plan

Trump: End filibuster

Bessent slammed the senators for failing to derail Argentina's Javier Milei—a "great ally" who won on economic freedom—and for stalling Farm Credit Agency activation, blocking $20 billion in farmer relief during the 30-day shutdown.

Citing Trump's Busan summit, Bessent touted a China deal for 12 million metric tons of soybeans this season (rising to 25M/year for three years), calling it a "resounding victory" for farmers after Xi's fentanyl and export pledges.

The feud erupted after a Monday letter from Klobuchar and Warren, and 19 colleagues accused Bessent of favoring a $40 billion Argentina bailout over rural America.

Bessent noted the U.S.-Argentina currency swap has "turned a profit," estimating Trump's Asia trip could unlock $2 trillion in U.S. investments.

⭐ Editor’s Pick: Trump announced that China has agreed to initiate purchases of U.S. energy, potentially including large-scale oil and gas shipments from Alaska. (RTS)

The FAA imposed ground delays at Dallas and Washington, D.C., airports due to air-traffic controller shortages. (INV)

China’s manufacturing PMI slid to 49.0 in October—a six-month low below the 49.6 median forecast—marking a seventh consecutive month of contraction. (RTS)

Goldman Sachs CEO David Solomon pegged U.S. recession odds as low, citing resilient consumer spending and a solid labor market despite elevated interest rates. (MS)

⭐ Editor’s Pick: The Motley Fool recommends the Vanguard Total Stock Market ETF as the ideal vehicle for investing $2,000 right now, citing its annualized return of 9.2% since 2001. (MF)

Morningstar highlighted 10 undervalued energy stocks as top buys, including Devon Energy and Occidental Petroleum, selected for their low price-to-fair-value ratios. (MS)

Vertiv Holdings, a data-center infrastructure provider, earned Zacks Bull of the Day status with a #1 (Strong Buy) rank after blockbuster Q3 results. (ZCK)

⭐ Editor’s Pick: California's "2026 Billionaire Tax Act" proposes a one-time 5% levy on the $2 trillion net worth of roughly 200 state billionaires to offset $30 billion in potential federal cuts. (FBN)

Nvidia CEO Jensen Huang, Samsung Chairman Jay Y. Lee, and Hyundai Executive Chair Euisun Chung shared a fried-chicken dinner in Seoul, footing the bill for the entire restaurant. (BI)

Alphabet's Q3 revenue soared 18% to a record $102.35 billion, topping estimates, with net income climbing to $35 billion. (CNBC)

Amazon's Q3 revenue climbed 13% to $180 billion, with net income surging 39% to $21.2 billion on robust AWS growth. (WSJ)

⭐ Editor’s Pick: Arkansas is positioning itself as the leading lithium production hub by tapping brines from the Smackover Formation and deploying direct lithium extraction technology. (RTS)

Energy Secretary Chris Wright canceled a planned six-day visit to Israel after the Jewish state suspended approval of a $35 billion natural-gas export deal with Egypt, driven by a desire for lower domestic prices. (TOI)

Rep. Jason Smith, the GOP tax committee chairman, warned that tariff-free imports of Argentine beef would devastate U.S. cattle producers. (TH)

Ray Dalio extolled gold as the safest form of money due to its enduring historical stability and resilience against devaluation and monetary breakdowns. (LNKD)

⭐ Editor’s Pick: IBM unveiled a breakthrough in quantum computing, edging closer to fault-tolerant systems that could eventually crack Bitcoin's elliptic curve encryption. (DEC)

Coinbase reported a 37% quarter-over-quarter surge in transaction revenue to $1 billion in Q3, propelled by a rebound in Ethereum's market share. (TB)

Core Scientific shareholders voted down a proposed $9 billion all-stock merger with CoreWeave, derailing the deal to merge the AI cloud and Bitcoin miner. (YF)

Consensys, the Ethereum software powerhouse behind MetaMask, is gearing up for an IPO next year with JPMorgan and Goldman Sachs as underwriters. (AX)

Contemporary art prices have appreciated 11.2% annually on average

…And with one of the lowest correlations to stocks of any major asset class (Masterworks data, 1995-2024).

Ultra-high net worth collectors (>$50M) allocated 25% of their portfolios to art on average. (UBS, 2024)

Led by former Marine and Goldman Sachs trader Owen West, DOGE is pulling specs from the Army, Navy, Air Force, Marines, and Defense Innovation Unit to build a streamlined catalog of approved drones—report due next week to the Defense Secretary Hegseth.

Builds on Hegseth’s July order to “assert U.S. drone dominance,” addressing the gap in mass-producing cheap, expendable UAVs while Ukraine plans 4.5 million FPV drones and Russia fields hundreds of thousands monthly.

Taps U.S. firms like Skydio, Red Cat Holdings, PDW, and Neros for recon and payload drones ($1K–$100K+), likely folding in parts of the 2023 Replicator program now moving to troops.

⭐ Editor’s Pick: Extropic, a startup developing probabilistic chips that harness thermal noise for up to 10,000 times the energy efficiency of conventional AI hardware, shipped its first kits—the XTR-0 and X-0—to select AI labs for testing. (WIR)

Samsung and Nvidia partnered to build an AI-driven "megafactory" that will transform semiconductor manufacturing with advanced automation. (SA)

Around 150 former consultants from McKinsey, Bain, and Boston Consulting Group are training AI models to automate entry-level tasks in the industry. (BBG)

Palantir CTO Shyam Sankar dismisses AI doomerism as a Silicon Valley fundraising ploy rooted in anti-religion angst, insisting that fears of mass unemployment are overblown. (BI)

⭐ Editor’s Pick: The Wall Street Journal report detailed how startups across the U.S. are rolling out humanoid robots to tackle dull, dirty, and dangerous jobs in warehouses and factories. (WSJ)

Pony.ai secured China's first citywide robotaxi permit for Shenzhen, enabling phased deployment of over 1,000 next-generation vehicles. (CNBC)

Robotic systems are transforming dairy farming by monitoring cow health in real time and boosting milk yields through precision feeding and early disease detection. (EDN)

Vbot unveiled its companion robot dog Babo, a voice-responsive household helper with memory and emotional expressions designed for urban tasks like elderly care and errands. (RTS)

⭐ Editor’s Pick: Israel’s battlefield testing of U.S. weaponry and shared intelligence deliver billions in annual value, effectively offsetting aid costs and bolstering military capabilities, according to a financial risk management expert. (NM)

SpaceX is set to secure a $2 billion Pentagon contract to develop missile- and aircraft-tracking satellites under President Trump’s Golden Dome initiative. (WSJ)

Anduril opened a Sydney factory to manufacture undersea "Ghost Shark" drones under a $1.7 billion Australian Navy contract. (RTS)

A U.S. Army soldier executed real-world missions aboard an autonomous Black Hawk helicopter, the first time a non-pilot or non-test engineer has operated the aircraft independently. (DP)

⭐ Editor’s Pick: AI agent startup Applied Compute emerged from stealth with $80 million in funding from Benchmark, Sequoia, Elad Gil, and others at a near-$700 million valuation. (X)

Fireworks AI raised $250 million in a Series C round led by Lightspeed Venture Partners and Evantic at a $4 billion valuation to bolster. (SA)

Snapmint, a Mumbai-based BNPL startup, secured $125 million in Series B funding led by General Atlantic to scale its EMI-on-UPI platform. (STU)

Archy, a SaaS provider automating dental practices with AI, raised $20 million in a Series B round led by TCV to accelerate growth. (CB)

Trump's Truth Social post, post-Asia trip, mocked Democrats for craving filibuster abolition under Biden and urged flipping Harry Reid's 2013 playbook: "Get rid of the Filibuster, and get rid of it, NOW!" to secure "the best Judges... the best of everything."

GOP's 53-47 Senate edge can't overcome 60-vote cloture on funding bills; Republicans push a November 21 stopgap, but Democrats demand ACA premium tax credit extensions amid expiring subsidies for private health insurance.

Senate reconvenes Monday, eyeing the 35-day record; Thune and Johnson resist nuke, but Trump's pressure could force a vote, echoing his vow: "if we did what we should be doing, it would IMMEDIATELY end this ridiculous... SHUT DOWN."

⭐ Editor’s Pick: Rep. Jim Jordan (R-OH) launched a probe into Stanford University’s Cyber Policy Center over secret meeting with EU, UK, Australian, and Brazilian regulators aimed at coordinating online censorship. (RTN)

Trump is ramping up religious freedom protections in the workplace through the EEOC, including lawsuits against Apple for alleged discrimination. (UT)

More than half of UK businesses are scaling back or abandoning DEI initiatives and environmental commitments. (TG)

CBS News disbanded its Race and Culture Unit amid escalating layoffs under new leadership. (DM)