大家好，我是莱奥妮·基德，欢迎收听今天的《晨间快评》。在推动道指创下一年半以来最佳单日的巨幅上涨之后，市场情绪正趋于冷静。
Hello, this is Leonie Kidd with today's edition of Morning Squawk. Cooler heads are prevailing after the monster rally that drove the best day for the Dow in over a year and a half.
投资者目前正在评估民主党掌控的新一届国会将带来何种影响，以及这将如何改变市场格局。
Investors are now assessing the impact of a new Democratic controlled Congress and how that changes the market landscape.
现在播报：稍作思考。道指在民主党中期选举决定性胜利的推动下飙升逾1500点，创下自2025年4月以来最佳单日表现后，华尔街期货涨跌互现。
Happening now: Pause for thought Futures are mixed across Wall Street after the Dow closed its best day since April 2025, soaring over 1,500 points on the Democrats' decisive midterm victory.
油价暴跌为股市带来了巨大提振。布伦特原油和WTI原油在周三盘中下跌逾8%后收低。此前，特朗普政府承认伊朗战争对共和党的糟糕选情起到了作用。
A huge boost for stocks came from the plunging oil price. Brent and WTI have settled lower after falling over 8% in Wednesday's session. That came as the Trump administration admitted the role the Iran war had played in the poor Republican results.
亚洲市场交投涨跌互现，日本日经指数和韩国综合股价指数在科技股抛售加深的背景下大幅下跌，尽管大盘整体走强。欧洲股市普遍走高。
It has been a mixed handover from Asia, where Japan's Nikkei and South Korea's Kospi fell sharply amid a deepening tech rout, despite strength across the wider market. European stock markets are broadly higher.
特朗普总统周三晚间在简短通话中告诉CNBC的埃蒙·贾弗斯，他可以在下一届国会与民主党多数派在“比人们所理解的更多的事情上”合作。
President Donald Trump told CNBC's Eamon Javers in a brief call late Wednesday that he can work with Democratic majorities in the next Congress on "many more things than people understand."
分析：多位分析师向CNBC阐述了这轮巨幅上涨背后的驱动因素，忠利集团的托马斯·亨佩尔表示，特朗普愿意合作表明“可以避免更不利的两极分化”。
Analysis: Analysts have told CNBC about the drivers behind the monster rally, with Generali's Thomas Hempell saying Trump's openness to collaboration shows "more adverse polarization can be avoided."
宽慰性上涨：德意志银行的乔治·萨拉维洛斯表示，特朗普接受选举结果将“对极端政策结果形成制约，并降低风险溢价”。接下来：我们将了解美联储的看法，CNBC的史蒂夫·利斯曼将于美国东部时间上午9点采访里士满联储主席汤姆·巴尔金。巴尔金此前曾表示，消费者对高物价感到“疲惫且沮丧”。重大动向：马斯克风波。埃隆·马斯克旗下公司仍面临压力。
Relief rally: Deutsche Bank's George Saravelos said Trump's acceptance of the results will "act as a break on extreme policy outcomes and bring down risk premia." Coming up: We get the view from the Federal Reserve when CNBC's Steve Liesman speaks with Richmond Fed President Tom Barkin at 9 a.m. ET. He has previously said consumers are "exhausted and frustrated" with high prices. Big Movers: Musk meltdown The pressure is still on Elon Musk's companies.
特斯拉和SpaceX在盘前交易中再次下跌，此前在昨天的交易时段中跌幅超过3%。
Tesla and SpaceX are down once again in premarket trading, after falling over 3% during yesterday's session.
为何重要：在马斯克4.74亿美元的选举豪赌失败后，抛售压力集中在他的公司周围。马斯克如今在国会中的盟友更少，在得克萨斯州面临的障碍更多。
Why it matters: The selling pressure centered around Musk's companies after his $474 million election gamble failed. Musk now has fewer allies in Congress and more obstacles in Texas.
亿万富翁的看法：CNBC的卢克·方丹报道了华尔街的亿万富翁们如何回应这一结果，维珍的理查德·布兰森和领英联合创始人里德·霍夫曼呼吁让金钱退出政治，而埃隆·马斯克则开玩笑说，他的“干预选举的太空激光”失败了。
The Billionaires' view: CNBC's Luke Fountain reports on how Wall Street's billionaires are reacting to the result, with Virgin's Richard Branson and LinkedIn co-founder Reid Hoffman calling for money to get out of politics, while Elon Musk joked his "election-interfering space lasers" had failed.
财报影响：高通甩掉包袱 早期跌幅最大的股票之一是高通。在第四季度智能手机芯片销售未达预期后，其股价在盘前交易中下跌超过9%。
Earnings Impact: Chip off Qualcomm's shoulder One of the biggest early decliners is Qualcomm. Shares are down over 9% in premarket trading after fourth-quarter smartphone chip sales missed estimates.
分析：Seaport分析师杰伊·戈德堡表示，高通的数据中心业务几乎无法抵消其智能手机业务的损失。
Analysis: Seaport analyst Jay Goldberg said Qualcomm's data center business is barely offsetting the losses from its smartphones.
目标价：摩根大通、摩根士丹利和TD Cowen均已将该股目标价下调至185至200美元之间。接下来：CNBC将于美国东部时间今天下午12:20采访高通首席执行官克里斯蒂亚诺·阿蒙，此前他曾对投资者表示：“我们没有需求问题。”加密货币将影响华盛顿的看法。比特币徘徊在8万美元关口附近，提振了整个加密货币领域。
Price targets: JPMorgan, Morgan Stanley and TD Cowen have all cut their price targets for the stock to between $185-$200 a Coming up: CNBC speaks to Qualcomm CEO Cristiano Amon today at 12:20 p.m. ET after he told investors, "We don't have a demand issue." Crypto will impact Washington's view. Bitcoin is hovering around the $80,000 mark, lifting the broader crypto space.
为何重要：CNBC的塔亚娜·马谢尔将分析中期选举结果可能如何重塑加密货币的政治算计，带来更具对抗性的做法，并将《CLARITY法案》等对行业友好的立法推向次要位置。
Why it matters: CNBC's Tayana Macheel will look at how the midterm results could reset the political calculus for crypto, ushering in a more adversarial approach and pushing industry-friendly legislation like the CLARITY Act to the back burner.
下一步是什么？专家们告诉CNBC的《Make It》，他们不应期待立即发生变化，并称“平台将继续提供它们今天提供的产品，而且它们在SEC和CFTC仍有友好的监管者，这些监管者正在批准范围越来越广的加密货币产品。”最后……分析：民主党有一次机会迫使特朗普作出让步民主党在周二晚间的选举大胜，为未来一年金融市场面临的最大单一政治风险——债务上限——注入了新的、不稳定的变量。
What next?: Experts told CNBC's Make It that they should not expect immediate change, saying "platforms will keep offering the products they offer today, and they still have friendly regulators at the SEC and CFTC who are approving an ever-wider range of crypto products." And Finally... Analysis: The Democrats have one chance to extract concessions from Trump The electoral sweep by Democrats on Tuesday night injects a new, unstable dynamic into the single biggest political risk to financial markets in the coming year: the debt limit.
除非败选的共和党在执政的最后几周内迅速展现出团结——而这不太可能——从而将这一问题排除在外，否则即将展开的旷日持久的争斗注定会比以往任何时候都更加激烈，给本已动荡的债券市场增添更多波动。杰克·萨默斯编辑了本期内容。
Unless a defeated Republican Party makes a swift and unlikely show of unity to take the issue off the table in its last few weeks in power, the protracted fight that will unfold is set to be nastier than ever, adding volatility to an already shaky bond market. Jack Sommers edited this edition.