Real GDP Jumps – Real Gross Domestic Product was up 3.4% in the third quarter, the US Bureau of Economic Analysis reports Thursday. That’s an increase from Q2’s meh 2.2% growth. [CHART: BEA]
•Contributing Pundit Rich Corbett argues that European nations' continuing purchase of Russian energy is not drawing sufficient scrutiny. Read in The Gray Area.
UPDATE: President Trump has rescheduled rallies for midterm Republican candidates in Kansas and Iowa, which he had cancelled late Thursday, The Associated Press reports. The Kansas and Iowa rallies will now be held back-to-back on Sunday.
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Trump Changes General's Gender – Defense/War Secretary Pete Hegseth has fired another military general, this time three-star Army Gen. Brett Sylvia, who oversees planning at the Pentagon. Officials are alleging the general released information to a reporter about plans for Ukraine and Iran, NPR’s All Things Considered reports. The US and Israel reportedly are planning to resume heavy warfare after the US midterms next Tuesday.
Asked about the general’s firing Thursday, President Trump apparently did not know who he was and only heard the name “Sylvia.”
“She’s got problems,” Trump replied (per Mediaite). “She’s gonna have a big problem. We’re very much looking for leakers.”
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Trump Cancels Rallies – President Trump has cancelled rallies for GOP midterm candidates in Kansas and Iowa, and says he will, instead, put out 19 campaign teleconferences over the weekend (NPR’s Morning Edition).
CORRECTION: The above news item listed the wrong Midwestern state, in addition to Kansas, for which President Trump had cancelled rallies planned for the weekend and misstated the campaign teleconferences planned in their place as "campaign videos." Trump has since rescheduled the rallies in the two states.
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Halloween Pump-Price Break – AAA’s national average price for a gallon of unleaded regular continued to ease into the Halloween weekend, to $4.2046 Friday, down 2.12 cents from Thursday and up $1.239 (+$1.23864) from February 27. Diesel is $6.3204 Friday, down 1.43 cents from Thursday and up $2.607 from March 5. –TL
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+3.4% GDP
THURSDAY 10/29/26
Dems Hand Trump ‘Election Fraud’ Fodder – In case President Trump -- who already has directed his Justice Department to sue the state of Alaska if Sen. Dan Sullivan (R-AK) fails to win re-election next Tuesday -- doesn’t have enough fodder for his dubious and endless “election fraud” claims, the Democratic Party appears to have recruited the second Dan Sullivan that’s the subject of the president’s lawsuit threat, according to a report in The New York Times.
Sullivans’ – er, Sullivan’s – Democratic challenger, Mary Peltola has denied knowledge of the alleged scheme, according to the report. So has retired teacher Daniel J. Sullivan Jr., NPR reports. He’s on the Alaska ballot just below Peltola’s name and above Republican incumbent Dan S. Sullivan’s name. There’s a fourth candidate, listed as a registered Republican, on the ballot as well.
The NYT reports it uncovered the alleged scheme based on interviews and text messages showing Peltola worked with Daniel J. Sullivan Jr. and with other “would-be spoilers” to enter the race.
Trump says Peltola should be removed from the ballot (hardly an option five days before the election), The Wall Street Journalreports, while Alaska Gov. Mike Dunleavy (R) ordered his state’s Department of Public Safety to investigate “evidence of an organized effort to manipulate Alaska’s elections.”
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Stalemate in Israeli Elections – With 90% of votes counted, Prime Minister Benjamin Netanyahu’s bloc leads with 53 Knesset seats to Gaidi Eisenkot’s 48 seats, while the Arab parties have ‘surged’ to 19 seats, The Times of Israel reports.
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Fed Rate Holds Steady – The Federal Reserve’s Open Market Committee voted 10-2 to maintain its key interest rate at 3¾% to 4% Wednesday “in support of its dual-mandate.” That “dual mandate” is to support employment growth while sustaining a 2% inflation rate (the annual inflation rate hit 3.7% in September).
The two FOMC members who voted against maintaining the current rate, Lisa Cook (whom President Trump tried to remove from the Fed last year) and Beth Hammack preferred a quarter-point increase. Economists expect the FOMC to raise interest rates at its next meeting in December.
The FOMC cited strong expansion of economic activity, resilient domestic spending, strong productivity growth, robust capital investment and job gains keeping pace with the workforce – so, the “K-shaped” economy prevails.
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Thursday’s Prices at the Pump – AAA reports the national average for unleaded regular is $4.2258 Thursday, 2.13 cents lower than Wednesday and almost $1.26 higher ($1.25984) than on February 27, about 28 weeks ago. Diesel is $6.3347 Thursday, according to AAA, down 1.52 cents from Wednesday and up $2.6213 from March 5. –TL
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Iran War, Week 28
WEDNESDAY 10/28/26
Israeli Election Update – With 77% of votes counted, moderate-right candidate Gaidi Eisenkot’s bloc, with 66 Knesset seats, has made a slight gain on Prime Minister Benjamin Netanyahu’s far-right bloc’s 54 seats, according to Haaretz’s election counter. A coalition of at least 61 of the 120 Knesset seats is needed for the coalition to choose a PM.
As of Wednesday afternoon Israeli time, Netanyahu’s Likud party had 27 of his coalition’s 54 seats to Eisenkot’s Yashar party’s 22 of his coalition’s 66 seats.
Eisenkot’s gains as the count continues have been at the expense of Israel’s Arab parties, which would contribute 17 seats to his coalition.
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Wednesday’s Prices at the Pump – AAA reports the national average for unleaded regular is $4.2471 Wednesday, 1.9 cents cheaper than Tuesday, but $1.28114 costlier than on February 27. Diesel is $6.3499 Wednesday, 0.22-cent relief from Tuesday and $2.6365 more than on March 5. –TL
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TUESDAY 10/27/26
High Turnout in Israel – By noon local time Tuesday, turnout for Israel’s parliamentary elections was 31.5%, highest of an election since 1973, The Times of Israel reports. The center-right Yashar party’s Gaidi Eisenkot has passed ex-Prime Minister Naftali Bennett in the polls to be the lead opponent versus Israel’s longest-serving prime minister, Benjamin Netanyahu, of Likud.
While coming under close scrutiny by some Israeli conservatives for his handling (and alleged pre-attack knowledge) of the October 7, 2023, Hamas attacks in which 1,195 Israeli civilians and security forces were killed, Netanyahu has continued his scare campaign, writes Haaretz, claiming “mass voter turnout figures in Arab communities.”
Bennett, meanwhile, has urged voters to back any party in an anti-Netanyahu bloc and says being the largest party has “no significance.” Results by parliamentary seats are expected as early as Wednesday, but it could be weeks before a winning coalition chooses a PM.
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Meanwhile, Texas – More than 4.5 million Texans have cast their vote for US senator since early voting began last week Tuesday, Newsweek reports. That’s 74% higher than voter turnout at the same point before the 2022 midterms.
Democrats hope this bodes well for their candidate, James Talarico … but then, we are talking about the Democratic Party, which has a history of grabbing defeat from the jaws of victory and has not won a Senate race in the state in 32 years.
President Trump, who has been stumping for midterm Senate, House and gubernatorial candidates in red states he won handily in 2024, is to travel to Texas Tuesday to try and help out the state’s über-MAGA attorney general, Ken Paxton.
For what it’s worth, Real Clear Politics’ poll average for the race shows Talarico at 48.4% to Paxton’s 46.9%, a lead for the Democrat that's well within the margin of error.
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Tuesday’s Prices at the Pump – AAA reports the national average for unleaded regular is $4.2661 Tuesday, down 1.97 cents from Monday but up a buck-thirty --$1.30014 -- from February 27. Diesel is up 0.29-cent, to $6.3521. That’s $2.6387 more expensive per gallon from March 5.
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Three Indictments and Comey – After two dismissed indictments, the Trump administration’s Justice Department has charged ex-FBI Director James Comey with a third, alleging he leaked national security information to The New York Times for a 2016 news article, The New Republic reports.
“Well, they’re back again,” Comey responded with a video on the left-leaning MeidasTouch. “It would be almost funny if it weren’t such an appalling abuse of the Department of Justice. One that we cannot become numb to. Nothing’s changed with me. I’m still innocent. I’m still not afraid of these people. And I still believe in the independent federal judiciary. …”
Comey goes on to praise his family for their support. That would include his daughter, Maurene Comey, whom a judge ruled just hours before James Comey’s latest indictment, was wrongfully terminated in July 2025 by the DOJ as US attorney for the Southern District of New York. –TL
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MONDAY 10/26/26
Trump’s Pre-Midterm Defeat – Voters in Brazil handed leftist leader Luiz Inácio Lula da Silva victory in the country’s second round of voting to defeat the President Trump-endorsed son of former President Jair Bolsonaro, who is serving 27 years in prison for trying to overturn Lula’s previous victory in an attempted 2022 election coup. Lula turns 81 Tuesday,
Lula had lost the first round to Flávio Bolsonaro, 45, by two points earlier in October, but came back strong for the second round, with 51.8% of the vote to Bolsonaro’s 48.2%. Lula’s surprise win comes after seven straight wins by right-wing leaders in elections in the region the last 18 months, according to The New York Times.
“I would like to thank the Brazilian people for the generosity they have shown me for a long time,” Lula said.
Not unexpectedly for the defeated son of the former right-wing leader convicted of attempting a coup in 2022, Flávio Bolsonaro has asked for the results to be annulled, after a Brazil’s judiciary ruled polls remain open Sunday for an extra two hours for an overflow of voters. Both the Bolsonaro campaign and the Lula campaign requested the voting extension, NPR’s Morning Edition reports, but the court’s ruling was directed at the Lula campaign request only.
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Trump Says Alaska Must Elect Dan S. Sullivan – In maybe the most baldfaced effort by the president to control the outcome of the November 3 midterms, Donald J. Trump confirmed Friday he directed the Justice Department to sue the state of Alaska over the US Senate race between two Dan Sullivans.
“I’m the one that said, ‘do it,’” Trump told reporters in Florida Friday (per Newsweek).
The DOJ lawsuit demands that Alaska turn over election results unless Republican Sen. Dan S. Sullivan wins the ranked choice election. If Democratic challenger Mary Peltola beats him next week, the election results must overturn the results, according to the suit.
An independent named Dan J. Sullivan is running against Sen. Dan Sullivan and Mary Peltola. The Republican Party alleges the independent Sullivan is a Democratic plant to drain votes from Republican Sullivan, a charge that independent Sullivan denies. CORRECTION: An earlier version of this news story had misspelled Democratic candidate for senator from Alaska, Mary Peltola.
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Cost of Gas and Diesel – AAA reports the national average for a gallon of unleaded regular costs consumers $4.2858 Monday, 0.68-cent less than Friday and $1.31984 higher than on February 27. Diesel prices continue to rise, meanwhile, to $6.3492 Monday, up 3.2 cents over Friday and $2.6358 higher than on March 5, AAA reports. –Compiled and edited by Todd Lassa
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MONDAY 10/26/26