Quick Overview

• Mario Draghi made his debut as head of the ECB with a surprise interest rate cut from 1.5% to 1.25%.
• Mario Gabelli: Greece has about as much impact as Maryland

• Qualcomm’s (QCOM) Net income rose 22% YoY

• Kraft (KFT) net revenues for Q3 rose 11.5%

• Intercontinental Exchange (ICE) reported futures volume in October rose 21%
• The CBOE Futures Exchange (CFE) said that October 2011 total trading volume and average daily volume rose 88%.

• Molson Coors Brewing Co.'s Q3 profit fell 23%

• Wiki Leaks founder Julian Assange lost his appeal against extradition to Sweden to answer sex crime allegations, but said overnight he would consider whether to take his protracted fight to Britain's highest court

• MasterCard's Q3 profit rose 38 %

• A rare case of people being infected with both swine and seasonal flu has been documented in Cambodia.

• Lenovo reported a nearly 88 % YoY surge in Q3 net profit

• A string of earnings reports showed that global coal demand is stronger than analysts anticipated.

• New census data shows nearly one in 15 Americans—more than 20 million people—are now so poor they live at least 50 percent below the official poverty level. The figure is the highest ever recorded. Forty states and the District of Columbia have had increases in the poorest of the poor since 2007. The District of Columbia ranked highest, followed by Mississippi and New Mexico.