Bill to end shutdown moves to House, CoreWeave cuts full-year sales outlook

Market Overview - The market is experiencing mixed signals with S&P 500 futures down over 0.2% and Nasdaq down about 0.5% ahead of the opening bell [3][4] - Monday saw a significant rally with S&P 500 gaining approximately 1.5%, but there is a pullback observed in AI stocks like Nvidia and Tesla [4][6] - Coreweave's stock is down more than 9% after disappointing 2025 sales forecasts despite beating quarterly expectations [5][41] Government Shutdown Impact - The longest government shutdown in history is expected to end soon, with the Senate voting to reopen the government [12][14] - The shutdown is projected to impact GDP by approximately 1.5% in Q4, with a rebound expected to 2.2% in Q1 [15] - The lack of government data during the shutdown has created uncertainty in economic assessments, affecting investor confidence [15][19] Consumer Behavior and Economic Outlook - There is concern about the psychological impact of the shutdown on consumers, particularly those living paycheck to paycheck [18][28] - The economy is described as K-shaped, with higher-income consumers faring better than lower-income consumers, who are increasingly cautious about spending [25][28] - Upcoming earnings reports from retailers like Walmart and dollar stores are anticipated to provide insights into consumer behavior [27] AI Sector Developments - Concerns are rising in the AI sector following Coreweave's weak guidance and TSMC's slowing sales, which may indicate broader issues in the AI trade [10][34] - SoftBank's sale of its $5.8 billion stake in Nvidia is viewed as a potential warning sign, although some analysts believe it may not reflect overall demand destruction in the sector [10][34] - Despite challenges, there are still positive indicators in the AI space, with other companies like AMD and major hyperscalers increasing capital expenditures for data centers [37] Airline Industry Insights - Delta Airlines has shown resilience during the government shutdown, with shares up about 2% in the past month despite operational challenges [47] - Delta's third-quarter results indicated record revenue, but the airline industry is characterized by low margins and high operational costs, making it a challenging investment [50][51] - The government shutdown has led to flight cancellations, which could impact revenue and earnings for airlines as they work to restore operations [53][55]