House readies for vote on spending bill to reopen US government, Trump to host Wall Street execs

Market Trends & Government Policy - The US government is expected to reopen, pending a House vote on a spending bill after Senate approval [3][10] - Airlines anticipate continued flight disruptions even if the government shutdown ends [4] - The US government shutdown could potentially wipe out economic growth for the year, with a maximum drop of 2% in gross domestic product if contractual obligations are not paid [53] - A decline in planned holiday trips among US consumers to an average of 183%, down from 214% a year ago, and a decrease in planned travel budgets by about 18% to roughly $2334, signaling deeper changes in travel habits [48] - The House vote to end the government shutdown is expected to begin around 5:00 p.m Eastern [3][60] Company Performance & Outlook - AMD projects its data center sales will increase by 60% over the next 3 to 5 years, driven by a stronger push into the AI space [4] - Infineon raised its sales forecast for chips used in AI data centers [7] - Foxconn anticipates a strong year ahead due to robust AI server business and expects revenue from AI server production to almost double [7][15] - Circle Internet Group reported Q3 revenue that exceeded expectations, with USDC stable coin in circulation more than doubling year-over-year to around $75 billion, and revenue up 66% to $740 million [13][14] - Rocket Lab Corporation's revenue was up by 48% due to Electron satellite launches [42] AI & Crypto - SoftBank sold its entire stake in Nvidia for 58% 8 billion and is investing heavily in AI, including OpenAI, AI chipmaker, and robotics [6] - Crypto has gone mainstream in the US, with regulatory outlook changes and significant impact on stock markets [25][28] - Coreweave closed down more than 16% yesterday, but is rising in the pre-market, looking set to recover some losses, but actually it's only up now around 1% [34] - Tether has sold about 20% of its stake in Bitdeer [38] Yahoo Finance Invest Event - Yahoo Finance is hosting its annual Invest event on November 13th, focusing on AI, crypto, and the economy [10][11][17] - The event will feature insights from leading figures in AI, crypto, and the economy, including Michael Sailor, La Brainard, and Robert Smith [20]