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 ...

🇺🇸 UPDATE: Polymarket users predict a 34% chance the US government shutdown will end by Oct. 15 or later. https://t.co/fiM2YwkBzE ...

But let's begin here. The markets and your money higher to begin the month. Happy October, by the way.So, what are some of the key issues to watch as we just kind of slide into the fourth quarter. Kate Morris is here. She is City Wealth's chief investment officer.Kate, it's great to have you on set. We're starting the fourth quarter. Markets have been hot this year.Don't seem to care about a looming government shutdown. Why not. >> Well, because it doesn't tend to last very long, right.We've had like 15 gov ...

We can do things during the shutdown that are irreversible that are bad for them and irreversible by them like cutting vast numbers of people out, cutting things that they like, cutting programs that they like. They're taking a risk by having a shutdown because because of the shutdown, we can do things medically and other ways including benefits. We can cut large numbers of people out. We don't want to do that. But we don't want fraud, waste, and abuse. But they want to have illegal aliens come into our cou ...

Core Insights - Employment in the U.S. private sector declined by 32,000 jobs in September, indicating a faster-than-expected cooling of the job market [2][5] - This decline is the largest since March 2023 and is significantly below the Dow Jones consensus of an increase of 45,000 jobs [2][3] Employment Trends - Job losses were widespread across various industries, with notable declines in leisure and hospitality (19,000 jobs), professional and business services (13,000), transportation and utilities (7,000), and construction (5,000) [3] - Education and health services added 33,000 jobs, but overall job losses overshadowed this gain [3] Data Integrity Concerns - ADP reported a higher-than-normal number of missing or redacted values in the data set received from the Bureau of Labor Statistics, which affected the granularity of the benchmark calculations [4] - The preliminary estimate from the QCEW suggested a record decline of 911,000 jobs over the 12 months ending in March [4] Federal Reserve Implications - The ADP report may be the last jobs data available to the Federal Reserve before its next meeting on October 28, with expectations of the unemployment rate remaining at 4.3% [5] - The Fed has indicated a weakening labor market, with rising unemployment and inflation above the 2% target influencing recent interest rate cuts [6] Consumer Sentiment - Consumer confidence regarding job availability has declined, with only 26.9% of consumers finding jobs to be "plentiful," the lowest since February 2021 [6] - There has been a significant drop in Americans' views of their current financial situation, marking the largest monthly decline since data collection began in 2022 [6]

Government shutdown = @DOGE final mission success. ...

Want to get to the news that's happening right now. The US government officially shut down at midnight after Congress and the White House failed to reach an agreement on how to extend federal funding. It is the first shutdown since 2018.During President Trump's first term, which was the longest ever at 34 days, hours before last night's deadline, both Republican and Democratic funding proposals were rejected by the Senate. this despite three Democrats voting in favor of the GOP bill. As of this moment, ther ...

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Spotify.Getty Images Good morning! Check out the latest trending headlines:Big discounts: The White House unveiled TrumpRx, a website that will offer discounted prescription drugs. Pfizer (PFE) will also offer its drugs to Medicaid at lower prices.Mega deal: Berkshire (BRK.B) is nearing a $10B deal to buy Occidental's (OXY) petrochemical unit, which would be Warren Buffett's second big bet on ...

Critics used to predict the government would shut down bitcoin, but now the government is shut down and Bitcoin is still open. ...

Group 1 - The government shutdown has commenced, impacting various sectors and potentially leading to economic uncertainty [1] - Pfizer's recent drug pricing deal may set a precedent for the pharmaceutical industry, influencing future pricing strategies and negotiations [1] - There are ongoing risks associated with Trump's tariffs, which could affect trade dynamics and cost structures for companies across multiple industries [1]