The Dow is lagging. We're gonna start on day six of this government shutdown. Emily Wilkins has the latest.Where to talk stand, Emily. Sarah, I mean, look, at this point, there's there's no sign of an end of the government shutdown. Both sides really are at a stalemate at this point.Now, we do have senators returning to DC today. They are going to be voting later this afternoon, probably around 6 p. m.for the fifth time to fund the government. And that vote, like the other four, expected to fail as Democrat ...

the government shutdown day three uh with votes expected this afternoon. Emily Wilkins joins us now from Washington. Good morning. >> Good morning, Joe.Yeah, look, at this point there is no clear answer on how this government shutdown is going to end, but we are seeing a potential off-ramp that could be emerging, a bipartisan path forward on extending some of those tax credits for health care premiums. Now, right now, of course, those enhanced credits, they're set to expire at the end of the year. And most ...

The government now shut down after Democrats and Republicans couldn't reach an agreement on federal spending. Joining us now with the latest trying to understand what happens next, Jake Sherman is Punch Bowl News's co-founder, the NBC News and MSNBC political contributor. Good morning to you.So that the question is what does come next. What does come next, Jake, at this point. >> It's a good question.I mean, Republicans are pretty insistent that they're not going to cave. Um, and they feel like they have th ...

Hey Carl. Well, at this point, Congress is hurdling towards uh the first real government shutdown that we've seen uh since the 2018 2019 one. And at this point, there is a plan in the Senate to likely vote later this afternoon and this evening on that stop gap that could fund the government through November 21st. But at this point, it just does not seem like there are the votes. Remember, you need seven to eight Senate Senate Democrats to come along. And as we've heard from uh Senate Minority Leader Chuck S ...

Welcome back. On the brink of a government shutdown, top Republican and Democratic lawmakers meeting with the president this afternoon. Let's get to Emily Wilkins in DC with more on what that meeting may sound like.Hey, Emily. Hey, Carl. Yeah, you know, big question here is whether Trump and congressional leaders really can hash out a path forward when they meet at the White House, expecting that meeting around 3 p.m. Right now, there is no sign of a potential compromise. You know, the White House told NBC ...

Healthcare Policy & Negotiation - A potential government shutdown is looming, with expiring healthcare tax credits as a key point of contention between Democrats and Republicans [1] - Failure to extend tax credits could result in insurance costs rising for over 20 million people and approximately 4 million people losing their health insurance entirely [3] - The Congressional Budget Office estimates that 1.5 million more people could lose their health insurance if the extension of tax credits is delayed until the end of the year [3] - Small business owners in New Hampshire rely on these tax credits to provide health insurance for their employees, and premium increases would negatively impact them [6][7] - Rising tariffs exacerbate cost increases, compounding the difficulties for businesses alongside potential healthcare tax credit expiration [7][8] Political Stance & Potential Solutions - Some Republicans are open to extending the premium tax credits, but concerns exist about additional demands from Democrats [5][6][9] - The President's reluctance to negotiate with Democrats is hindering resolution [4] - Extending premium tax credits is considered to be in everyone's interest, and failure to do so could negatively impact the GOP in future elections [9] - The key to resolving the issue lies in leadership engaging in negotiations and finding a mutually agreeable solution [4][8][13] - The American people expect their leaders to negotiate and find solutions to avoid a government shutdown and ensure access to healthcare [11][12]

Group 1: General Motors - UBS upgraded General Motors from neutral to buy, raising the price target from $56 to $81, citing the company's ability to manage tariff costs effectively [1] - Analysts expect North American margins for General Motors to be between 8% to 10%, which is significantly higher than the street's expectation of 6% to 6.5% [5] - The potential for lower interest rates is anticipated to drive higher vehicle sales for General Motors [5] Group 2: Tesla - Tesla shares increased nearly 4%, marking the highest close since December, with analysts predicting a strong Q3 due to expected delivery numbers exceeding expectations [2] - The impending deadline for tax credits is expected to boost demand for Tesla vehicles in Q3 [2] - Analysts believe Tesla has favorable conditions heading into year-end, despite some anticipated challenges [3] Group 3: Automotive Market Conditions - Rising interest rates have made vehicles less affordable, impacting consumer purchasing behavior [4] - The overall price of cars is a concern, with significant increases noted compared to three years ago, influenced by tariffs and interest rates [4][6] - The automotive industry is experiencing a shift with regulatory changes that may provide short-term benefits but could pose long-term challenges [6]

Group 1 - The article discusses the increasing use of AI tools, particularly ChatGPT, for financial advice, with approximately half of Americans utilizing AI for personal finance management [1] - ChatGPT provides legal strategies for Americans to minimize their tax liabilities, emphasizing the importance of retirement and healthcare savings [2] - The AI suggests maximizing contributions to retirement accounts, such as 401(k) plans and traditional IRAs, with the 2025 contribution limits being $23,500 for 401(k) and $8,000 for traditional IRAs [2] Group 2 - ChatGPT highlights the benefits of Health Savings Accounts (HSAs), noting their triple tax advantage: contributions are tax-deductible, growth is tax-free, and withdrawals for qualified health expenses are not taxed [3] - The AI emphasizes the importance of tax credits, which can significantly reduce tax bills, mentioning specific credits like the child tax credit, earned income tax credit (EITC), and the American Opportunity Credit for college expenses [4] - Tax-loss harvesting is presented as a strategy to reduce taxable gains, allowing investors to offset capital gains with losses, up to a maximum of $3,000 of ordinary income [5]

Financial Data and Key Metrics Changes - The company reported adjusted EBITDA of $681 million for Q2 2025, an increase from $658 million in the previous year, driven by growth from new renewables projects and cost reductions [25][26] - Adjusted EPS increased by 34% to $0.51 per share compared to $0.38 in the prior year, supported by higher U.S. renewable tax attributes [26][32] Business Line Data and Key Metrics Changes - The Renewables Strategic Business Unit (SBU) saw adjusted EBITDA of $240 million, representing a 56% growth year-over-year, attributed to 3.2 gigawatts of new projects added to the portfolio [10][27] - The Utilities SBU experienced lower adjusted pretax contributions due to planned outages and the sell-down of AES Ohio, but significant growth is expected driven by new investments [29][31] Market Data and Key Metrics Changes - The company has a backlog of 12 gigawatts of signed Power Purchase Agreements (PPAs), with 4.1 gigawatts international and 7.9 gigawatts in the U.S., with plans to place 6 gigawatts in service by the end of 2027 [13][40] - Demand for electricity in the U.S. is growing rapidly, with expectations of over 600 terawatt hours of additional power needed by the end of the decade, primarily driven by data centers [19][20] Company Strategy and Development Direction - The company aims to maintain its position as a leading provider of renewables to data centers, with over 11 gigawatts of agreements signed to date [18][41] - The strategy focuses on delivering energy solutions that meet customer demands for renewables and storage, while also maintaining flexibility to adapt to market changes [21][38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of the backlog of renewables and energy storage projects, emphasizing that recent U.S. policy changes are largely inconsequential to their operations [12][36] - The company expects strong demand for electricity to continue, with a robust growth outlook even as tax credits expire [18][35] Other Important Information - The company is on track to invest approximately $1.4 billion in U.S. utilities in 2025, focusing on improving customer reliability and supporting economic development [22][24] - The company has implemented a supply chain strategy that mitigates risks from potential future tariffs and ensures compliance with U.S. manufacturing requirements [16][36] Q&A Session Summary Question: Project online timing and EPS/EBITDA recognition - Management confirmed that most of the remaining 1.3 gigawatts will be commissioned by the end of the year, with tax attributes expected to be split between the third and fourth quarters [46][47] Question: Value of the underlying business and potential acquisition - Management believes the company has been undervalued and highlighted the strength of their backlog and execution capabilities [51][52] Question: Risk to safe harboring from executive orders - Management expressed confidence in their robust position, noting that most projects are not exposed to potential changes in treasury guidance [58][60] Question: Load updates and demand in service territories - There is strong interest and demand in their utility sectors, particularly from data centers, with about 2 gigawatts of additional demand signed [64] Question: Details on signed PPAs - The company signed 1.6 gigawatts of new PPAs, primarily with data center customers, skewed towards solar plus batteries [70] Question: Gas generation build-out capabilities - Management confirmed ongoing capabilities to build gas plants as needed, particularly for data centers, while focusing primarily on renewables [101][102] Question: Consolidation in the renewable industry - Management anticipates opportunities for acquisitions of smaller developers and advanced-stage projects due to the current market environment [103]

Financial Data and Key Metrics Changes - The company reported record quarterly revenue and net interest income, with average loan and deposit growth of 2% quarter over quarter [4][5] - Adjusted return on tangible common equity was 16.7%, and return on average assets was 1.6% [5] - Net interest income increased to $617 million, up $17 million from Q1 [9] - Total non-interest income was $86 million, with fee income at $81 million, marking the third highest quarter for fees in the company's history [10] Business Line Data and Key Metrics Changes - Average loan balances increased by $940 million quarter over quarter, with commercial and industrial (C&I) lending being the largest contributor [8] - Demand for residential mortgage products remained strong, with expectations for similar or higher volume in Q3 [9] - The company experienced notable growth in commercial deposits, alongside consumer and business banking balances [7] Market Data and Key Metrics Changes - The criticized loans ratio decreased to 2.15% of loans, and non-performing assets decreased to 22 basis points of total assets [13] - The allowance for credit losses increased to $760 million, or 1.38% of total loans, reflecting changes in the economic outlook [14] Company Strategy and Development Direction - The company aims to maintain a strong capital position, with a tangible common equity ratio of 10% and a common equity Tier 1 capital ratio of 14.5% [15] - The focus remains on diversifying revenue streams and enhancing customer relationships to support growth [5][10] - The company is actively managing credit risk and optimizing deposit costs while preparing for potential rate cuts [20][49] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about maintaining margins and loan growth, despite potential rate cuts [20][34] - Client sentiment is improving, with businesses becoming more comfortable navigating tariff-related uncertainties [39] - The company expects full-year loan growth to be in the range of 4% to 6%, with net interest income and revenue trends projected to exceed 7% [16][17] Other Important Information - The company repurchased approximately 26,000 shares of common stock for about $2 million, with $241 million remaining for future buybacks [15] - The second quarter income tax expense was $92 million, with an effective tax rate of 22.9% [11] Q&A Session Summary Question: Ability to sustain loan yields and deposit beta - Management is focused on continuous deposit cost optimization and expects to maintain margins through Q3 [20] Question: Credit reserve build and C&I outlook - The reserve build relates to the CECL model and economic outlook rather than specific issues within the C&I book [23] Question: Impact of legislative changes on renewable energy tax credits - Existing investments and loan commitments remain unaffected by new rules, but future strategies are being reconsidered [26][28] Question: NII growth relative to loan growth - Management confirmed that NII growth is expected to track loan growth, with potential upside if rates remain higher for longer [34] Question: Client sentiment around investment pace - Client sentiment is improving, with businesses adapting to tariff situations and feeling more comfortable [39] Question: Trends in deposit costs - Average total deposit costs decreased, and management expects to continue this trend as they approach future rate cuts [46][49] Question: Core expenses and investments - The company is focused on hiring and building capabilities to support future growth, which will lead to increased expenses [50][51] Question: Loan growth in commercial real estate - The company aims for balanced growth across loan types, with a focus on C&I and single-family loans [81]