SCOTUS Halts Cook Ouster, Government Shuts Down | Bloomberg Businessweek Daily 10/1/2025

Market Trends & Economic Indicators - US stocks are higher, and Treasury yields are slightly lower at the beginning of the fourth quarter [1] - The yield on the 10-year Treasury is at 41% and the two-year yield is at 35% [1] - ADP jobs data showed jobs declined in September, widely missing estimates, increasing the odds for two more rate cuts from the Fed [1] - US companies' payrolls dropped unexpectedly in September due in part to issues with data analysis [1] - The government shutdown may delay the release of the monthly jobs report [1] Federal Reserve & Government - The Supreme Court is allowing Federal Reserve Governor Lisa Cook to keep her job for now, with arguments scheduled in January [1][6] - The White House withdrew its nomination to lead the Bureau of Labor Statistics [1] - The US government is taking a 5% stake in Canada's Lithium Americas and Nevada's mining project [1] Company Performance & Strategy - A company is investing nearly $15 million in a high-speed pancake production line, despite shares being down 2% [1] - Nike shares jumped 6% after a surprise sales increase for the last quarter but raised its tariff cost forecast to $15 billion [6] - Tesla is hiking lease prices for all vehicles in the US after the tax credit expired [6] - Peloton is raising prices on both hardware and membership fees, doing a big product overhaul, leading to shares being down 66% [12][13] Technology & Innovation - Amazon and Google are integrating AI more deeply into smart homes, with Amazon overhauling its devices to take on Apple [1][5] - Meta is launching mainstream smart glasses with a screen in the lens, priced at $300 [4][5] - Oura is launching a $500 ceramic smart ring with a new blood tracking tool [4] - Private investment market is seeing about 60% of every dollar going to AI [4]