Brazil votes today in a presidential runoff, and it is the only item on the day’s record that is actually moving. Nearly 160 million citizens are eligible to vote for president, with polls open from 8 a.m. to 5 p.m. local time (11:00 to 20:00 GMT). The runoff sets the incumbent, Luiz Inácio Lula da Silva, against Senator Flávio Bolsonaro, and it follows a first round on October 4 that Bolsonaro led 47 percent to 45 with about a fifth of voters abstaining. Final polling described the two as neck and neck, with Lula said to have gained ground over three weeks of campaigning.

Washington, by contrast, recorded nothing. The Federal Register published no documents for October 24 or 25. The Supreme Court and the D.C. Circuit filed no opinions. No new complaints were docketed in the District of Columbia. None of the five watched dockets moved. Markets have not traded since Friday, when the S&P 500 fell 0.52 percent and the Dow 1.23 percent, the ten-year Treasury yield closed at 5.00 percent, and total public debt stood at $40,444,342,709,389.

A quiet American weekend is a real finding, not a missing one.

The administration and the rule of law

The Federal Register carried zero documents in the October 24 to 25 window: no presidential documents, no rules, no proposed rules and no notices. The weekend is routinely the thinnest part of the register’s week, so the number says more about the calendar than about the government. Nothing is withheld and nothing is missing; the window simply has nothing in it. Friday’s issue carried the week’s last weekday documents, and yesterday’s edition covered it.

The courts

The Supreme Court filed no opinions in the window, and the D.C. Circuit filed none. No new complaints were docketed in the District of Columbia.

The five watched dockets were silent. Beatty v. Trump, the Kennedy Center case; Phang v. Blanche and MSW Media v. DOJ on the Epstein files; D.C. Preservation League v. Department of the Interior on the East Potomac golf course; and the consolidated Phang appeal in the D.C. Circuit all recorded nothing between October 24 and 25. The feeds behind this count were read at collection time, and the count reflects what they carried then.

Markets

Friday’s close is still the board, because no session has been held since. The S&P 500 finished at 7,623.68, down 39.75 points or 0.52 percent; the Nasdaq Composite at 25,955.342, down 53.518 or 0.21 percent; and the Dow Jones Industrial Average at 52,215.16, down 652.82 or 1.23 percent, all as of October 23. The VIX closed at 19.45, up 0.42 or 2.21 percent, and the dollar index at 101.752, up 0.145.

Treasury’s official curve for October 23 ran 4.69 percent at two years, 5.00 at ten and 5.33 at thirty. Every point sat four basis points above October 22, so the curve shifted in parallel and the 2s10s spread held at +0.31. The live ten-year quote was 4.999 percent as of 5:05 p.m. ET Friday.

The commodity prints carry Saturday timestamps that correspond to no trading session: gold at $4,010.00 an ounce, down $50.40 or 1.24 percent, and front-month WTI crude at $103.44 a barrel, up $3.97 or 3.99 percent. They are the feed’s last available prints, recorded with their stamps rather than presented as weekend trading.

Total public debt outstanding was $40,444,342,709,389 on October 22, up $30,703,697,083 from the day before. Debt held by the public was $32,597,664,070,880, and the intragovernmental share was $7,846,678,638,509.

The economy

The Bureau of Labor Statistics’ public API returned HTTP 503 at collection this morning, so the consumer price index, the unemployment rate and nonfarm payrolls were not available to this edition. No figure is repeated from an earlier collection to fill the space. The gap is the reading: the labor and price data will be picked up at the next successful collection.

Elections and the midterms

Polymarket’s chamber markets on Sunday morning put the House at 91.5 percent Democratic on $113,503 of twenty-four-hour volume against 8.5 percent Republican on $94,026, and the Senate at 66.5 percent Democratic on $70,079 against 33.5 percent Republican on $103,241.

The balance-of-power event told a more divided story. A Democratic sweep traded at 66.5 percent on $118,375, a Republican Senate with a Democratic House at 25.5 percent on $77,791, and a Republican sweep at 7.5 percent on $837,145. That last row is worth naming: the Republican sweep carries the largest twenty-four-hour volume of any midterm market in the pack and the lowest price. Volume and probability are different measurements, and a heavily traded long shot is still a long shot. A Democratic Senate with a Republican House priced at 0.8 percent on $176,224.

In the state races, Michigan gave Democrat Abdul El-Sayed 71.5 percent on $141,445 against Republican Mike Rogers at 28.5 on $64,340. Texas gave Democrat James Talarico 63.5 percent against Republican Ken Paxton at 36.5, and Maine gave Democrat Troy Jackson 63.5. North Carolina’s 13th District put Democrat Paul Barringer at 44.0 percent.

These are the venues’ prices, not this publication’s view, and a thin book is not a forecast.

The world

Brazil’s runoff is the day’s largest event outside the United States. Lula, 80, is seeking a fourth non-consecutive term. Flávio Bolsonaro is a senator and the son of former president Jair Bolsonaro, who is serving a 27-year sentence under house detention for staging an attempted coup. The younger Bolsonaro has promised 500,000 more prison places and spending cuts, and he is under investigation for corruption, money laundering and tax evasion. A Bolsonaro victory would align Brazil with Trump-friendly regional governments, a prospect that coverage of the race ties to American tariffs and to Washington’s terrorist designation of Brazilian drug groups.

The prediction markets price the race very differently from the polls. Polymarket gave Flávio Bolsonaro 79.9 percent on $1,743,016 of twenty-four-hour volume and Lula 20.5 percent on $1,308,615, figures recorded before any result. A tied race and a market at roughly four to one point in different directions, and the count after polls close at 5 p.m. local (20:00 GMT) will settle which read the electorate better.

Sources

Market, yield, debt and prediction-market figures were collected at 06:00 CT on October 25, 2026 from CNBC’s quote service (October 23 close), the U.S. Treasury daily yield curve (October 23), FiscalData (October 22) and Polymarket’s Gamma API (twenty-four-hour volume). The BLS public API returned HTTP 503 and supplied nothing. World-news headlines came from five feeds; the Brazil story was fetched and is linked above.

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