The Open Bell — Ep. 097 — 4 Nov 2026
Today on The Open Bell:
Democrats took back both chambers of Congress overnight and the market's first instinct was to sell: S&P 500 futures dropped as much as 1.40% before steadying, the dollar weakened, and the whole "Trump trade" playbook that's been running since 2024 started getting quietly unwound, while bond investors, oddly enough, seemed relieved.
Novo Nordisk just posted its second straight quarter of missing expectations on Ozempic and Wegovy revenue, and the uncomfortable question the press release doesn't ask is whether the most hyped drug franchise on earth already priced in a future it hasn't quite delivered yet.
Brazil's central bank held its benchmark interest rate at 13.75%, because inflation is still running above the top of its own target band, which means ordinary Brazilians are living inside a borrowing environment that makes a US credit card look cheap.
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Not investment advice. For informational purposes only.
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Chapters: 00:00 Introduction 00:09 Democrats sweep US Congress; stocks and dollar tumble 03:26 Novo Nordisk Q3 earnings disappoint; GLP-1 revenue growth sl 05:45 Brazil's Copom holds Selic at 13.75% as inflation stays abov 07:50 Closing thoughts