The FDA has been an agency under fire. From controversial staff appointees to deep staffing cuts to being openly questioned by former FDA chiefs about medical policies. Now CNBC has learned that in the depths of the government shutdown, the FDA approved sending staffers on a quarter of a million dollar trip to a conference in Singapore, prompting questions about the AY's priorities.Here's Melissa Lee with that story. On the last day of the government shutdown, employees from the Food and Drug Administration ...

The president said at a lot of times in your home state the other evening that affordability is a Democrat hoax. Are you involved in some sort of conspiracy here. What is you referring to.Well, often I am bewildered by what exactly the president says. He says the problem is that too many kids have 37 pencils. I can assure you I don't have 37 pencils.Neither does my daughter. You know, this president really was elected more than any other reason, as you kind of referred to just a few moments ago. He was elec ...

Yeah, that's that's real danger territory for the Republicans, particularly in the House. But now increasingly in the Senate. We're seeing polling in some states like Ohio, where an incumbent, Sherrod Brown, who was defeated is coming back to run for that Senate seat.Some polling North Carolina suggests the former governor, Roy Cooper, is going to do well. So now sort of when you think about sort of contagion, it's spreading and it's spreading from the House to the Senate, and that will affect what we're de ...

joining us, Democratic Senator John Feder Fedterman of Pennsylvania. Senator, thank you very much for joining us. >> Oh, thanks for having me back.I offered and you you took me up on my offer. It's so great to be here. >> Well, the president is in Pennsylvania today.He's in your neck of the woods. Um, what do you make of what the governor said that that Pennians are not are no are no longer, excuse me, buying his BS. Uh well I I mean I I really missed what whatever he said but but for me it's like his first ...

Market Overview - The market dynamics have shifted, with algorithmic trading dominating, leading to unpredictable selling patterns that disregard traditional holiday trends [2][3] - Investors are facing a lack of reliable data due to the government shutdown, impacting decision-making [3] Economic Indicators - The delayed September retail sales report is anticipated to be weak, which could increase the likelihood of interest rate cuts [3] - A soft retail sales report could lead to rising bond prices and falling yields, unless countered by a significant increase in the producer price index [4] - Housing turnover is at its lowest in 40 years, negatively affecting various industries reliant on housing sales [4] Company Insights Deere & Company (NYSE: DE) - Deere is viewed positively due to government support for farmers during tough times, which can lead to increased sales of farm equipment [9] - The company is expected to be resilient, but investors are advised to wait for the quarterly results before making purchases [9] Burlington Stores, Inc. (NYSE: BURL) - Burlington is considered the weakest among its peers in the off-price retail sector, with recent performance lagging behind competitors [10] - The company reported a 2.5% comparable sales growth in the first half, with a notable difference in growth rates between the first and second quarters [10][11] - Management's cautious guidance for the second half of the year reflects concerns over weather-related sales impacts, particularly in outerwear [11][13] - The stock trades at a higher valuation compared to its peers, with a PEG ratio of 1.4, and recent buyback activity has been limited [11][12]

Economic & Market Outlook - Tariffs, AI adoption, and potential government shutdowns are key concerns for Fortune 500 companies [2][3] - A new budget with double-digit appropriation increases for advanced technologies in defense, intel, and national security could lead to a more productive marketplace in the first half of the year [4][5] - Failure to pass a new budget could result in continued resolutions, hindering government initiatives [5] AI & Technology - Companies are struggling with technical debt and siloed data, hindering AI implementation and ROI [6][7] - AI is viewed as a tool to enhance productivity and enable knowledge workers to perform higher-value tasks [6] - ASGN's AI factory aims to simplify AI implementation for clients by providing readymade assets and IP [7] Company Strategy & Rebranding - ASGN is rebranding to Everth to present a unified $4 billion business offering comprehensive solutions to enterprise customers [8][9] - The rebranding focuses on bringing technology together to solve critical business problems [8] - Over 70% of ASGN's government work is in cybersecurity, AI, data, and other advanced technologies [4]

data. The delayed September jobs report is now out. The US economy added 119,000 jobs during the month.That was a lot more than expected. The unemployment rate came in at 4.4%. NBC News business and data correspondent Brian Chung joins us from the big board to talk more about these numbers.Brian, so this is the first jobs report reason it was delayed because of that government shutdown since it ended. The last one we got was for August numbers and that was of course back in early September like normal. walk ...

It is hilarious that the BLS says they won't release October data because the government shut down.If they used software to capture real-time data, they would be able to report data every day even if no one went to their office.Entire thing is antiquated and needs to go. ...

Fewer US travelers are due to fly over the upcoming Thanksgiving holidays later this month, with Christmas demand also looking shaky, as a record US government shutdown and concerns about the economy weigh on would-be flyers https://t.co/HCKM5RrQTm ...

Economic Outlook - The Federal Reserve is facing challenges in making decisions for the upcoming December meeting due to a lack of key economic data caused by the government shutdown [1][3] - The Atlanta Fed's GDP now forecast for Q3 2023 is projected at 4.1%, indicating a strong economic performance [2][3] Federal Reserve Policy - The Fed is described as data-dependent but currently lacks sufficient data, relying instead on private data sources [3][4] - There are mixed signals regarding the labor market, with ADP data showing weakness and consumer sentiment at a three-year low, which could suggest a need for a rate cut [4][5] - The probability of a rate cut in December has decreased to about 50%, reflecting uncertainty in policy direction [5][6] Market Dynamics - Institutional investors are pulling back from the market, while retail investors continue to invest, influenced by tax considerations and year-end rebalancing [12] - Mega-cap companies are expected to lead the market, particularly in a tighter credit environment, as they have better access to borrowing [9][10][11]