Economic Impact of Government Shutdown - Each week of a government shutdown shaves off approximately 025 percentage points from the annualized GDP growth rate during that quarter [4] - A three-week shutdown, the longest seen, could potentially be absorbed within the fourth quarter, resulting in a negligible overall impact [5][6] - A prolonged shutdown could lead to a 1 percentage point reduction in fourth-quarter GDP growth [4] Labor Market Data and Analysis - A government shutdown would suspend data releases from the US Bureau of Labor Statistics (BLS) and cease active data collection [1] - The absence of federal data increases the importance of alternative datasets like ADP data for labor market insights [2] - The Department of Labor could reduce its workforce from approximately 13000 to 3000 employees during a shutdown, with only one employee remaining at the Bureau of Labor Statistics [10] - Data collection during the reference week (containing the 12th of the month) could be significantly impacted, potentially leading to choppy labor surveys and data revisions [11][13] - Mass firings could increase the unemployment rate up to 45% [11] Federal Reserve Policy Implications - A government shutdown could hinder the Federal Reserve's ability to make informed decisions due to the lack of official statistics [7] - The Fed relies on data like the core PCE measure and the unemployment rate for communication and policy decisions, which would be unavailable during a shutdown [8]

I really am focused on the two senators, Leader Thun and Leader Schumer. The reality is of all the operators in DC right now, they're the only ones that actually have the physical requirement to be bipartisan. Leader Thun's going to need anywhere between 10 and 20 Democratic votes to keep his chamber open and the government open.And I think that means those two are the most important people in the room. I look forward to them getting together at some point. Does Schumer have the Democrats behind him or does ...

Kathy, great to have you with us. Let's start broad and talk about where we stand in markets at this point, because you take a look at September performance. This was supposed to be a bad month, seasonally speaking.Instead, we're on track for the fifth straight months of gains. Can we keep this momentum going through year end. Well, we think a lot of good things are happening from a policy backdrop and therefore ultimately a macro backdrop.The deregulation that we're seeing is stunning. It started with cryp ...

Battlefield 6 we're showing on the screen right now, Sims, Madden, uh, EFC, formerly known as FIFA. What are the future of of those properties. Do they change somehow.People are spending less time on new titles and more time in existing titles that's going to continue to to propagate here. And that's why I look at this transaction by the PIF as uh, as as a very intelligent move. EA has dominated the digital homes that we're familiar with for years, and that's what people want.They want innovation on things ...

So today is a historic day for peace. And Prime Minister Netanyahu and I have just concluded an important meeting on many vital issues, including Iran, trade, the expansion of the Abraham Accords. And most importantly, we discussed how to end the war in Gaza.But it's just a part of the bigger picture, which is peace in the Middle East. And let's call it eternal peace in the Middle East. So this is far more than anybody expected.But the the level of support that I've had from the nations in the Middle East a ...

I believe that today we're taking a critical step towards both ending the war in Gaza and setting the stage for dramatically advancing peace in the Middle East. And I think beyond the Middle East, very important Muslim countries. I support your plan to end the war in Gaza, which achieves our war aims.It will bring back to Israel all our hostages, dismantling Hamas's military capabilities and its political rule and ensure that Gaza never again poses a threat to Israel. We would not have achieved this turning ...

SCARLET: WELCOME TO BLOOMBERG "ETF IQ." I AM SCARLET FU. KATIE: AND I AM KATIE GREIFELD. SEASONALS NOT YOUR FRIEND THIS YEAR.THE GLOBAL ETF INDUSTRY, STOCKS LOOKING TO FINISH THE MONTH AND QUARTER ON A STRONG NOTE AS GOLDMAN SACHS TURNS BULLISH FOR THE REST OF 2025. SCARLET: IN MOMENTS, WE WILL BE SPEAKING WITH CATHIE WOOD. SHE WILL SHARE HER TAKE ON THE OVERALL STOCK MARKET, IPO'S, AND DIGITAL ASSET TRAGEDIES.KATIE: ARK IS OUT WITH A NEW SUITE OF FUNDS WITH ONE LAUNCHING THIS WEEK. THEY MOVE INTO THE FAST- ...

Our viewers and listeners should know that you were pivotal in the background and getting the president's big beautiful bill across the finish line. You've been through a lot of these shutdown scenarios before and I'm wondering what your gut tells you now. Does this meeting lead to something today.Is there a an 11th hour save or should we prepare for the lights to go out. >> Uh it would be wonderful if the you know the big boys and the big girls in Washington if we could get our act together and avoid the s ...

"Balance of Power" is live counting down to a possible US government shutdown. ...

There's Europe and there's London. I believe that London is one of the greatest cities in the world. And outside of San Francisco, Lond and if you're not from San Francisco, London is the best place to come to build an AI company.You have access to capital. You have access to incredible talent. And you have a community here that is eagerly engaged to support you.And there are many American founders who are now moving to London to build their businesses here. And there are great companies coming up here in L ...