Sun Nov 1, 2026 edition
Week ahead: Apple, AMD and jobs Friday
AP's Morning Brief · Sunday, November 1, 2026 · week-ahead preview for Mon Nov 2 to Fri Nov 6 · times are ET
Brief art: AP's Morning Brief.
Good morning, everyone ☀️ Clocks fell back an hour overnight. The week ahead did not slow down with them.
Inside: Apple, Palantir and AMD earnings, four central-bank decisions and Friday's jobs report, day by day. Plus three Sunday headlines: OPEC+, Binance and the Iran talks.
BTW: The opening bell is still 9:30am ET on Monday. If you live somewhere that didn't change its clocks, it now rings an hour later for you.
Sunday headlines
Barrels on Pause
What happened? Seven core OPEC+ members agreed in principle at a Sunday online meeting to keep December output targets steady, according to Reuters. [8] [9] A separate layer of cuts of about 2 million barrels per day stays in place through the end of 2026. [9]
Doors Reopen
What happened? Binance began resuming withdrawals in phases on Sunday, starting with bitcoin. [10] [11] [12] The exchange said it has covered 95% of the $6.3 billion hit from last week's security incident, per Reuters. [10]
Doha, Day Three
What happened? Qatar-mediated talks on Iran went into a third day in Doha on Sunday. [13] For reference: U.S. and Iranian officials have not met directly, per Al Jazeera. [14]
The week ahead, day by day
Monday, Nov 2: Apple Picking
Data: October ISM manufacturing is seen at 54.7, from 54.5. China's NPC Standing Committee meets Nov 2–6. [2]
After the close: Apple reports, with analysts looking for $1.98 a share vs. $1.85 a year ago, and its call at 5pm ET. [4] Palantir reports too, with a 5pm ET webcast; it guided third-quarter revenue to $2.160–$2.164 billion. [4] [5]
Tuesday, Nov 3: Ballots and Bytes
Rates: The Reserve Bank of Australia decides; markets price about a 79% chance of a 25bp hike to 4.85% from 4.60%. [2] [3] Data: September JOLTS job openings at 10:00am ET. [1]
Also: U.S. midterm elections, with 35 Senate seats, all 435 House seats and 36 governorships on the ballot. Japan is closed for a holiday. [2]
After the close: AMD reports, with its call at 5pm ET (2:00pm PT). [6] Analysts expect $1.68 a share; AMD guided revenue to about $13 billion, plus or minus $300 million. [4]
Wednesday, Nov 4: Service Check
Data: ADP private payrolls and ISM services, seen at 54.7 from 54.9. The euro zone gets flash inflation, after September's final 3.8%, and the U.S. Treasury announces its quarterly refunding. [2]
Rates: Sweden's Riksbank is expected to hike 25bp to 2.00%. [2] Earnings: Uber before the open (8am ET call, $0.94 a share expected). [4] Qualcomm, Arm and Shopify are also on deck this week. [3] [7]
Thursday, Nov 5: Old Lady Moves
Rates: The Bank of England is expected to start hiking with a 25bp move, alongside its Monetary Policy Report. [2] [3] Norway's Norges Bank is seen holding at 4.50%, and Mexico's Banxico also decides. [2]
Data: Third-quarter productivity and costs (preliminary) at 8:30am ET. [1] Meanwhile: Canada tables its federal budget, and Challenger job-cut figures land. [2]
Friday, Nov 6: Payroll Day
The big one: October jobs report at 8:30am ET. [1] Consensus is +55,000 jobs after +29,000, with unemployment at 4.2% and average hourly earnings up 0.3% on the month and 2.9% on the year. [2]
Canada too: Canada's October jobs data, after September's loss of 68,000 jobs and 6.5% unemployment. Michigan consumer sentiment (preliminary) closes the week. [2]
For reference: Hike Talk
The Fed held at 3.75%–4.00% last week, and two officials dissented in favour of a hike. [2] Translation: Friday's jobs number and next week's CPI, due Nov 10, carry extra weight. [1] [2]
Levels sheet
Know your levels before the bell. Our free levels sheet lays out the key index levels on the chart each week, in one page. Grab it at apsmorningbrief.com/levels
Hangover Mode — Friday's close into Monday
U.S. averages finished Friday lower, with tech leading the way down after Amazon and Intel disappointed and Alphabet extended Thursday's drop — the setup CNBC framed as a wobbly AI trade heading into a heavy earnings week (CNBC, Oct 30, 2026).
On the ETF tape (Yahoo Finance daily bars, week of Mon Oct 26–Fri Oct 30, 2026, pulled Nov 1, 2026):
- SPY Friday close 755.72 vs Thursday 769.36 (−1.77% on the day); week high 773.36, week low 750.36.
- QQQ Friday close 690.49 vs Thursday 715.34 (−3.47% on the day); week high 726.14, week low 683.45.
- TQQQ Friday close 62.01 vs Thursday 69.26 (−10.47% on the day); week high 72.53, week low 59.95.
CNBC also noted Alphabet's roughly 12% Thursday plunge (worst one-day decline on record in that piece) and another 1.7% Friday, plus the iShares Semiconductor ETF (SOXX) down 2.4% for the week. Translation for Monday: Apple and Palantir report after the close into that hangover (week-ahead calendar · earnings calendar · levels sheet).
Sirius XM — Quiet Dial, Loud Analysts
Sirius XM (NASDAQ: SIRI) is on the tape after Rosenblatt maintained a Buy and raised its price target to $47 from $46, pointing to a durable core subscription business plus optionality from spectrum and YouTube audio ads (TradingView / Rosenblatt note, fetched Nov 1, 2026).
That is a one-dollar PT lift, not a rating change — still a Buy. Separately, Sirius XM's own calendar had third-quarter results around Oct 29, 2026 (company IR / contemporaneous coverage), so the analyst tweak lands next to a fresh fundamentals print. For the week ahead, treat SIRI as a single-name story inside a market still digesting Mag-7 cash-flow scares — not a broad sector call.
Mortgage rates — Freddie 7.24% / 6.60%
Freddie Mac's Primary Mortgage Market Survey put the 30-year fixed at 7.24% and the 15-year at 6.60% as of Oct 29, 2026 — both down 8 basis points from the prior week (7.32% / 6.68%). A year earlier the same survey showed 6.17% (30-year) and 5.41% (15-year) (Freddie Mac PMMS).
Canadian angle (Bank of Canada Valet, free, no key): the policy interest rate (target overnight, V39079) is 2.50% as of Oct 29, 2026, after the Bank raised the policy rate by 25 basis points to 2½% on Oct 28, 2026. The conventional 5-year mortgage (V80691335) prints 6.19% as of Oct 28, 2026. Full tracker with history: apsmorningbrief.com/mortgage-rates.
That's the week
Which day are you watching most: Apple Monday, the central banks or jobs Friday? Hit reply and tell me.
— AP Dult
Sunday to Friday at 7:30am ET
Sources
- U.S. Bureau of Labor Statistics, release schedule for November 2026 (JOLTS Nov 3 10:00 AM; Productivity and Costs Nov 5 8:30 AM; Employment Situation Nov 6 8:30 AM; CPI Nov 10), fetched Nov 1, 2026: https://www.bls.gov/schedule/2026/11_sched_list.htm
- Newsquawk, "Week in Focus: 2nd–6th November 2026" (Oct 30, 2026): https://www.newsquawk.com/headlines/week-in-focus-2nd-6th-november-2026-highlights-include-us-midterm-election-nfp-ism-pmis-rba-boe-and-ez-cpi-
- Independent Investor, "Week ahead" (fetched Nov 1, 2026): https://www.independentinvestor.com/week-ahead/
- StockTitan, earnings calendar for the week of Nov 2, 2026 (Nasdaq consensus estimates): https://www.stocktitan.net/articles/earnings-calendar-week-of-november-2-2026
- Palantir, "Palantir Announces Date of Third Quarter 2026 Earnings Release and Webcast": https://investors.palantir.com/news-details/2026/Palantir-Announces-Date-of-Third-Quarter-2026-Earnings-Release-and-Webcast/
- AMD, fiscal third quarter 2026 financial results (Nov 3, 2026, 2:00pm PT): https://ir.amd.com/news-events/ir-calendar/detail/20261103-amd-fiscal-third-quarter-2026-financial-results
- TipRanks, "Major earnings this week, November 2–6, 2026": https://www.tipranks.com/news/major-earnings-this-week-november-2-6-2026
- Reuters via CNBC, OPEC+ and December oil output targets: https://www.cnbc.com/2026/10/31/opec-oil-output-targets-december.html
- Business Standard (Reuters), "OPEC+ agrees in principle to keep oil output targets steady in Dec" (Nov 1, 2026): https://www.business-standard.com/world-news/opec-agrees-in-principle-to-keep-oil-output-targets-steady-in-dec-126110100053_1.html
- Reuters via Investing.com, "Binance to resume withdrawals after recovering bulk of $6 billion in stolen funds": https://www.investing.com/news/stock-market-news/binance-to-resume-withdrawals-after-recovering-bulk-of-6-billion-in-stolen-funds-4989388
- Binance, support announcement on resuming withdrawals: https://www.binance.com/en/support/announcement/detail/73911fb819b240f88b88256bdd318eda
- CoinDesk, "Binance opens crypto withdrawals in phases, starting with bitcoin" (Nov 1, 2026): https://www.coindesk.com/markets/2026/11/01/binance-opens-crypto-withdrawals-in-phases-starting-with-bitcoin-following-usd6-3-billion-hack
- Iran International (Reuters), Doha talks, Nov 1, 2026: https://www.iranintl.com/en/202611019728
- Al Jazeera, "Mediators continue US-Iran negotiations: what we know" (Nov 1, 2026): https://www.aljazeera.com/news/2026/11/1/mediators-continue-us-iran-negotiations-amid-war-rhetoric-what-we-know
- CNBC, "Stock market next week outlook for Nov 2–6, 2026" (Oct 30, 2026): https://www.cnbc.com/2026/10/30/stock-market-next-week-outlook-for-nov-2-6-2026.html
- Yahoo Finance chart API, SPY/QQQ/TQQQ daily bars Oct 26–Oct 30, 2026 (pulled Nov 1, 2026): SPY endpoint
- TradingView, Rosenblatt maintains Sirius XM at Buy, PT to $47 from $46: TradingView note
- Freddie Mac PMMS as of Oct 29, 2026 (7.24% / 6.60%): https://www.freddiemac.com/pmms
- Bank of Canada Valet V39079 / V80691335 and FAD press release Oct 28, 2026: V39079 · FAD
