The state of Arizona is suing GM, accusing the company of putting the public at risk by concealing safety issues related to defective ignition switches and delaying recalls. Plus today’s edition of “Banks Behaving Badly.”

December E-mini S&Ps (ESZ14 +0.17%) this morning are up +0.07% at a fresh record high on optimism the U.S. economy can weather a global slowdown and the end of the Fed's bond purchases.

Think of a chart as a staircase under construction. Support is the floor and resistance is the ceiling.

Morgan Stanley was the break-out winner among today’s earnings releases, posting Q3 EPS of $0.65, $0.08 higher than the Estimize consensus and an even higher $0.11 above the Wall Street consensus.

Morgan Stanley this morning reported earnings, revenue exceeding estimates

December E-mini S&Ps (ESZ14 +1.43%) this morning are up +1.30% and European stocks are up +1.53% as Italian and Spanish government bonds gained on the prospects of additional ECB stimulus.