A roundup of what arrived in the inbox over the past day, drawn from newsletters, Substacks and digests this account is subscribed to. The word cloud below sizes the twenty most frequent substantive terms across today’s items by how often each appeared.
Canadian News
Canadian coverage centred on the implications of Stephen Miller’s elevation to White House chief of staff and on the federal budget tabled by the Carney government.
- Wesley Wark’s National Security and Intelligence Newsletter argued that Miller’s appointment matters for Canada, since his past comments on Greenland and the Arctic suggest Washington views the Western Hemisphere as subject to American assertion of interest. The newsletter concluded that “Miller Time will not be a good time for Canada,” noting friction with the national security strategy the Carney government set out in October.
- First Up, the Toronto Star’s morning newsletter, reported that the federal budget introduces a new “RRSP for life” and creates a pathway to permanent residency for some temporary residents, while extending the foreign home buyer ban for two years. Industry Minister Melanie Joly has asked the Competition Bureau to examine Stelco over planned layoffs.
- First Up also profiled Pierre Riel, the Quebec-born executive who began as a forklift driver and now oversees Costco’s operations in every country outside the United States and Mexico.
US News
Stephen Miller’s appointment as chief of staff and the aftermath of the Democratic sweep in the midterm elections were the subjects covered most widely across today’s newsletters.
- The New York Times: The Morning, the Wall Street Journal 10-Point (two editions) and The New Yorker: Daily all addressed the scale of the Democratic victory. The New Yorker’s editor, David Remnick, compared the result to the 1974 post-Watergate midterms, noting that Democrats took control of both chambers of Congress, won governorships in nine of the ten most populous states, and recorded several firsts, including the first Muslim senator, Abdul El-Sayed of Michigan, and the first Black female governor, Keisha Lance Bottoms of Georgia.
- The Wall Street Journal 10-Point reported that incoming House Speaker Hakeem Jeffries must manage a caucus divided between progressive freshmen and lawmakers from more conservative districts, and that the midterm result has unsettled Vice President JD Vance’s plans for a 2028 campaign.
- The New York Times: The Morning noted that Chuck Schumer is on track to become Senate majority leader, and that the incoming Senate is younger on average than the outgoing one.
Finance and Markets
Concern about spending on artificial intelligence ran through several of today’s business newsletters.
- The Wall Street Journal 10-Point reported that a selloff tied to the midterm result erased 2.5 trillion dollars in Nasdaq market value, on concern that new state governments could slow data-center construction in Texas and Ohio. Its markets columnist argued that the political threat to AI spending is probably smaller than investors assume.
- Noahpinion, an economics newsletter on Substack, argued that China’s manufacturing-led growth strategy is reaching its limits, since the domestic market cannot absorb the output and export markets are saturating. The author wrote that this is the first time he has become genuinely bearish on China’s prospects in the artificial intelligence era.
- McKinsey Highlights examined why artificial intelligence speeds up execution but not judgment, and why corporate strategy still depends on teamwork.
- The Wall Street Journal Daily Digest pointed to reporting on whether artificial intelligence is displacing white-collar jobs, and on efforts to use artificial intelligence to break encryption before quantum computers can.
International News
- The Wall Street Journal 10-Point and The New York Times: The Morning both reported that Israel’s president has asked Gadi Eisenkot, a former military chief and rival of Prime Minister Benjamin Netanyahu, to try to form a new government after an inconclusive election.
- La Jungla del Poder, an Argentine newsletter on Substack, examined how Pope Leo XIV’s visit to Argentina, together with the setbacks suffered by Donald Trump and Netanyahu, could pressure President Javier Milei to soften his governing approach, even as Argentina’s country-risk index climbed amid a weak economy.
- The New York Times: The Morning reported that South Africa’s African National Congress recorded its worst election result since the end of apartheid, and that a gunman killed six people in a market-square shooting in Krakow, Poland, that officials are treating as a terrorist attack.
Media News
- Status, the media newsletter written by Jon Passantino, reported that Nielsen data shows Newsmax’s total-day audience fell 26 percent in October from a year earlier, with its audience among viewers aged 25 to 54 down 33 percent to about 6,000 people, even as the network’s hosts publicly blamed Fox News for the midterm losses.
Sports News
- The New Yorker: Daily carried an account of how Jontay Porter, a little-known Toronto Raptors forward, accumulated gambling debts that led him into a prop-betting scandal now tied to a wider case involving former NBA players Chauncey Billups and Terry Rozier.
- First Up reported that the Raptors beat the Milwaukee Bucks 121 to 107, with Jamal Shead making his first start at point guard.
Health and Wellness
- The Wall Street Journal 10-Point reported on the growth of student wellness societies on college campuses, where workout classes and mindfulness sessions have become part of campus culture, and in some cases a route to social-media income.
Other
- The New York Times: The Morning described the contracts governing the K-pop group NewJeans, including provisions that controlled members’ sleep, relationships and public statements, and a 22 million dollar lawsuit filed against a member who left the group.
Sources
- The New Yorker: Daily
- The New York Times: The Morning
- The Wall Street Journal: The 10-Point
- The Wall Street Journal: Daily Digest
- McKinsey Highlights
- Status, with Jon Passantino
- First Up, from the Toronto Star
- Wesley Wark’s National Security and Intelligence Newsletter (Substack)
- Noahpinion (Substack)
- La Jungla del Poder (Substack)
