What Biden’s ‘Windfall of War’ Mean for Markets As FOMC Meeting Kicks Off

As all eyes begin to turn to the Federal Reserve, watch the latest news on Biden’s threat to big oil, earnings from Pfizer and Uber and much more live at 9:30 a.m. ET.

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Action Alerts PLUS co-portfolio manager Chris Versace joins TheStreet’s Katherine Ross to break down Wall Street’s biggest news stories live from the New York Stock Exchange. 

More on Today’s Top Stories:

Stock Market Today: Stocks Higher On Earnings, M&A Boost; Fed Rate Decision On Deck

U.S. equity futures climbed Tuesday as markets kicked off November trading with earnings, mergers and acquisitions, China’s Zero-Covid policy and the upcoming decision from the Federal Reserve in focus. 

Uber Stock Surges As Q3 Ride Revenues Offset Modest Slide In Delivery Growth

Uber  (UBER) – Get Uber Technologies Inc. Report reported adjusted earnings for the quarter were $516 million, just ahead of the  consensus of around $462 million. 

President Biden Threatens Big Oil ‘Windfall Tax’ As Profits Surge

President Joe Biden took aim at Big Oil, accusing top companies of making “a windfall of war” that powered record profits but left Americans paying more for gas and home heating. 

Pfizer Stock Leaps As Covid Vaccine Sales Power Q3 Earnings Beat, Profit Forecast Boost

Pfizer  (PFE) – Get Pfizer Inc. Report reported quarterly adjusted earnings of $1.78 per share, a 40.2% increase from the same period last year and well ahead of consensus forecasts of $1.39 per share. 

Abiomed Stock Soars After $16.6 Billion Johnson & Johnson Takeover Amid Deeper Medical Devices Push

Abiomed  (ABMD) – Get ABIOMED Inc. Report agreed to a $16.6 billion takeover by Johnson & Johnson  (JNJ) – Get Johnson & Johnson Report that expands the group’s ambitions to grow its pharmaceutical and medical devices businesses over the coming years.

TheStreet is live every weekday at 9:30 a.m. ET. Join us for the latest market commentary, insight and analysis here.

And see how Chris Versace and co-portfolio manager Bob Lang are trading today over on Action Alerts PLUS. 

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