Group 1: Government and Employment - A federal judge has temporarily blocked the Trump administration from laying off federal workers during the ongoing government shutdown, which has now reached its 16th day [2][3] - The administration had begun sending out reduction-in-force notifications to over 4,000 federal employees, with expectations of more than 10,000 total cuts [3] Group 2: Airline Industry - United Airlines exceeded Wall Street's earnings expectations, but its stock fell in extended trading due to weaker-than-expected revenue [4] - The airline forecasts higher-than-expected earnings for the current quarter despite a challenging start to the year [4] Group 3: Technology Sector - Hewlett Packard Enterprise shares dropped over 9% following a weak outlook for its 2026 fiscal year [5] - Conversely, Salesforce shares rose more than 5% after providing an optimistic forecast for 2030 [5] - Apple launched new MacBook Pro, iPad Pro, and Vision Pro models featuring the updated M5 chip, which boasts four times the peak compute performance of its predecessor [6] Group 4: Electric Vehicle Market - Tesla remains the leader in the U.S. electric vehicle market but has lost market share amid increasing competition and declining brand value [9][10] - The broader EV industry is facing challenges as the expired $7,500 tax credits are no longer stimulating consumer interest [10] - Wall Street is anticipating Tesla's upcoming quarterly earnings report to assess if it will report similar challenges as its competitors [10]
Shutdown layoffs, United earnings, Apple's new products and more in Morning Squawk