🚨 UPDATE: The US September non-farm payrolls report was not released due to the government shutdown. https://t.co/FsNovULk8b ...

Core Viewpoint - A decline in tech stocks impacted the S&P 500, with mixed performance across major indexes [1] Group 1: Market Performance - The Nasdaq decreased by 0.3% [1] - The S&P 500 experienced a slight increase of 0.1% after briefly turning lower [1] - The Dow Jones Industrial Average rose by 316 points, or 0.7% [1] Group 2: Market Context - All three major indexes reached intraday record highs earlier in the day [1] - A record closing high is possible if the indexes finish higher [1] - The rally lacked strong drivers due to the delay of the significant nonfarm payrolls report for September caused by the government shutdown [1]

'No good outcome' - voters across US share concerns about shutdown https://t.co/aNThvk3jZl ...

The thing to watch. Here are what are moderate Democrats in the Senate doing. Leaders Schumer and Jeffries are not talking with Johnson and Thune.There is there is essentially no progress. Three days in. The question is, is how much pressure does Trump and the White House put on Democrats.They've threatened these firings. They threatened to cut more spending. That has not yet materially materialized, but that could very well come later today.The other question is, will makers are going to vote again and the ...

What do you make of the uh shrugging off of the government shutdown and its impact with markets now at record highs. Well, the reality is, you know, the shutdown uh doesn't necessarily have huge economic implications at times. There's definitely been some market implications.Um, but the reality is is uh, you know, I think the labor market softening, lower interest rates and strength of the higher income consumer may help, but I think it's going to be choppy until some of these stimulus effects kick in in ea ...

Economic Data Release - US September non-farm payroll data release was delayed due to the US government shutdown [1] - The US Bureau of Labor Statistics suspended all operations and economic data releases during the government shutdown [1]

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick alongside Katie Greifeld, taking you through to that closing bell with a global summit pass simulcast Carol Massar and Tim Stenovec joining us from the radio booth. Welcome to our audiences across all of our bloomberg platforms and Carol Massar everyone, well, almost everyone.You know who you are, but it is green across the screen today. Once again, Carol, with all most of the major indices at record highs. Yeah, absolutely ...

Healthcare Policy & Drug Pricing - Pfizer commits to offering all prescription medications to Medicaid at most favored nation's prices, aiming to significantly reduce Medicaid costs [1] - Pfizer will participate in trumprx.gov, offering discounted treatments for patients not using insurance, but its benefit for insured individuals is questionable [2] - Concerns arise whether trumprx.gov offers something new compared to existing programs like Cost Plus Drugs or direct-to-consumer offerings from pharmaceutical companies [4] - The voluntary nature of the program raises doubts about compliance from other pharmaceutical companies and its long-term viability [5] Vaccine & Public Health - An official is criticized for downplaying the role of vaccines in reducing infectious diseases, particularly polio and rubella [6][7][8] - Experts warn about potential resurgence of eradicated diseases due to misinformation and undermining of vaccine importance [10] - The vast majority of people think vaccines are useful and necessary [12] Government Shutdown Impact on Healthcare - Expiration of Affordable Care Act (ACA) subsidies due to the shutdown could affect 4 million families, potentially doubling their premiums and impacting access to affordable healthcare [13] - Telehealth and in-home care visits, reliant on government funding, are affected by the shutdown [14] - Medicare and Medicaid payment delays to hospitals are expected, potentially leading to staff furloughs and delays in care [15]

Market Overview & Economic Commentary - S&P 500 rose 10% during the 2018 shutdown, suggesting temporary government shutdowns have limited impact on market [2] - Market focus shifting to Q2/Q3 earnings and the AI trade [3] - Anticipation of rate cuts on October 29th and potentially December 10th is expected to fuel market exuberance [4] - Current market conditions are compared to the late 1990s internet bubble, with potential for irrational exuberance [5][6] - Rate cuts may not be necessary given GDP growth of 3% and persistent inflation [10] - The Fed's stance on inflation being "transitory" is questioned, especially with strong GDP growth [10][11] AI Sector Analysis - The AI space is currently perceived as having widespread potential, but is expected to consolidate to a few major players [6] - Circular investments and inflated valuations in AI are reminiscent of the late 1990s tech bubble [7][8] Monetary Policy & Fed Actions - The necessity of rate cuts is questioned, considering current economic indicators [9][10] - The Fed's potential rate cuts are viewed as sweeteners rather than necessities to prevent economic buckling [8] - The Fed's current approach is compared to its "transitory" inflation stance in 2021, despite evidence to the contrary [9][11]

Joining us right now is Gabriella Santos. She is chief market strategist for the Americas at JP Morgan Asset Management. And uh Gabriella, why don't we just start with yesterday's new highs despite the government shutdown. We know that government shutdowns often don't uh affect the markets.In fact, you tend to see the markets trade up. Um but what what is happening. Is this a case where we're looking at this thinking this will be resolved quickly.Thinking it doesn't matter. what you're seeing from spending ...