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The market fallout of a possible government shutdown, plus a look at the health of the US economy
Youtube· 2025-09-29 15:07
Group 1 - Norwegian Cruise Line is making headlines as it rings the opening bell at the New York Stock Exchange [1] - Arc Best is also active at NASDAQ, with a positive sentiment among investors despite potential risks from a government shutdown [2][5] - The tech-heavy NASDAQ composite is showing gains, with a rise of approximately 0.5% [6] Group 2 - Electronic Arts shares are up 5% following news of a record-breaking $55 billion deal to take the company private, ending its 36-year run as a public firm [7] - Cannabis stocks are experiencing significant movement, with Tillray up over 28% and Canopy Growth up 13%, driven by President Trump's comments on CBD benefits [8] Group 3 - The potential government shutdown could lead to the furlough of around 900,000 federal employees, which may delay key economic data releases, including the jobs report [11][19] - Goldman Sachs has raised concerns about the market being in a bubble while also indicating that the economic impact of a shutdown would be modest [12][19] - Historically, stocks tend to rebound after a government shutdown, with an average rise of about 3% one month later [20] Group 4 - The U.S. economy is showing mixed signals, with a second-quarter GDP increase of 3.8% driven by consumer spending, but weak labor market readings, including only 22,000 jobs added in August [38][39] - The upcoming jobs report is crucial, with economists expecting an increase of 45,000 jobs for September [39][45] Group 5 - The Federal Reserve is closely monitoring the labor market, with expectations of potential rate cuts in response to economic conditions [18][34] - Analysts suggest that the labor market may see a reacceleration in job growth, particularly in sectors like financial services and construction, as the economy continues to grow [51][52] Group 6 - Gold prices are reaching new highs, driven by government shutdown risks and expectations of further Fed easing, with Goldman Sachs projecting gold could reach $4,000 by mid-2026 [23][24] - Central bank holdings of gold have surpassed U.S. treasuries for the first time since 1996, indicating a significant shift in investment strategies [25]
Electronic Arts to go private in record $55 billion buyout, the largest in private equity history
Fortune· 2025-09-29 14:37
U.S. stocks are rising and clawing back some of their losses from late last week. The S&P 500 added 0.4% in early trading Monday, coming off its first losing week in the last four. The Dow Jones Industrial Average edged up 29 points, or 0.1%, and the Nasdaq composite was up 0.6%. All three are near their all-time highs set a week ago. Electronic Arts climbed after the video-game maker confirmed rumors it would be taken private in what could become the largest-ever buyout funded by private-equity firms. A ke ...
Wall Street Opens Higher Amid Acquisition Buzz and Key Economic Week Ahead
Stock Market News· 2025-09-29 14:07
U.S. equities kicked off Monday, September 29, 2025, with a positive tone, aiming to rebound after major indexes closed last week in the red. Investors are closely watching a flurry of corporate news, upcoming economic data, and critical political developments, including a looming government shutdown deadline. The market's opening performance showed resilience, with major indexes posting gains as trading began.Market Indexes Show Opening StrengthAs of Monday morning, U.S. stock futures had climbed, signalin ...
Stocks Supported by Hopes of Additional Fed Rate Cuts
Yahoo Finance· 2025-09-29 14:03
Rising corporate earnings expectations are a bullish backdrop for stocks. According to Bloomberg Intelligence, more than 22% of companies in the S&P 500 provided guidance for their Q3 earnings results that are expected to beat analysts’ expectations, the highest in a year. Also, S&P companies are expected to post +6.9% earnings growth in Q3, up from +6.7% as of the end of May.A potential negative factor for market sentiment is the likelihood that the US government will shut down on Wednesday if lawmakers fa ...
Nasdaq, Dow, and S&P 500 are all up as threat of government shutowon looms
Fastcompany· 2025-09-29 13:51
LOGIN Premium Tech Design News Leadership Work Life Games Podcasts Video INNOVATION FESTIVAL IBM Texas A&M University Subscribe to the Daily newsletter.Fast Company's trending stories delivered to you every day Privacy Policy SUBSCRIBE | FastCo Works advertisement BYÂ Associated Press Listen to this ArticleMore info 0:00 / 0:00 Wall Street pushed higher early Monday despite growing anxiety over a possible U.S. government shutdown later this week.Futures for the S&P 500 rose 0.5% before the bell, while futur ...
US stocks tick higher as investors look past hawkish talk, await shutdown clarity
The Economic Times· 2025-09-29 13:33
All three are near their all-time highs set a week ago. Electronic Arts climbed after the video-game maker confirmed rumors it would be taken private in what could become the largest-ever buyout funded by private-equity firms. A key economic report will arrive Friday when the government releases its monthly jobs survey.Wall Street pushed higher early Monday despite growing anxiety over a possible U.S. government shutdown later this week.Futures for the S&P 500 rose 0.5% before the bell, while futures for ...
Trump threatens mass firings of govt workers if there is a shutdown, gold prices keep on surging
Yahoo Finance· 2025-09-29 13:25
[Music] Hello and welcome to Morning Brief Market Sunrise. I'm Raman Karamali live from Yahoo Finance Studios in London. It's Monday, 29th September.Coming up on the show, President Trump is set to meet with top congressional leaders as the clock keeps ticking on a government shutdown. Global stocks get a boost after the latest US inflation reading comes in as expected. And gold prices, well, they keep on surging.So, grab your coffee and let's own the morning. [Music] President Trump will meet with the top ...
The idea that the Fed should be cutting aggressively strikes me as inapt: Carlyle's Jason Thomas
CNBC Television· 2025-09-29 12:02
for a look at the economy following last week's PCE report. To join us right now is Carlile, head of global research, Jason Thomas. Good morning to you, sir.I think we're all trying to figure out where we really are. So, where are we. >> Well, I I think when you think when you look at the PCE report, I think the first point to make is that the Fed has not hit its inflation target in now 54 months.That's quite a long time. There are about three million uh children who are enrolled in elementary school in the ...
X @Bloomberg
Bloomberg· 2025-09-29 11:00
Inflation hawks and doves agree that the Fed is getting it wrong. That's encouraging (via @opinion) https://t.co/JR7L24Es2L ...
Next Fed Meeting: When It Is In October And What To Expect
Yahoo Finance· 2025-09-29 11:00
The Fed is tasked by Congress with a " dual mandate " to keep inflation low and employment high using the fed funds rate, which is the interest rate banks charge to borrow money from one another. The fed funds rate affects borrowing costs on short-term loans like credit cards and car loans, and indirectly influences longer-term loans like 30-year mortgages. When inflation is high, the Fed raises the rate to discourage borrowing and cool down the economy, allowing supply and demand to rebalance. When the job ...