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]

The U.S. federal government officially entered a shutdown at 12:01 a.m. on Wednesday, Oct. 1, after Congress failed to reach an agreement on a spending plan.While the headline news introduces a new layer of uncertainty for markets, historical data suggests that these events are often short-lived and have a limited long-term impact on equities.For investors, looking past the political turbulence is often key. Here are the facts you need to know:Shutdowns Are Typically Brief And Markets Are ResilientHistory s ...

Core Points - The U.S. Transportation Department announced that over 11,000 FAA employees could face furloughs if government funding lapses, representing about 25% of the FAA's workforce [1] - Air traffic controllers and security officers will be required to work without pay during a potential government shutdown, raising concerns about disruptions in American aviation and flight delays [2] - More than 13,000 air traffic controllers will continue working to ensure safety but will not receive pay until the shutdown concludes; the FAA plans to continue hiring and training controllers [3] - Approximately 50,000 TSA employees will also work without pay, potentially impacting airport security checkpoint wait times [4] - The looming government shutdown could significantly affect the aviation industry, with Airlines For America warning about potential disruptions and risks to progress in aviation operations [5] - The Director of the Office of Management and Budget has directed agencies to prepare for an "orderly shutdown," attributing the deadlock to disagreements over $1 trillion in new spending demands by Democrats [6]

The ACA (Affordable Care Act) is one of the most elaborate scams in America.It destroyed personalized healthcare and took quality care from TAX PAYING AMERICANS.Wendy O (@CryptoWendyO):A government shutdown literally means the public servants sit and argue like mentally diminished adults while we still pay taxes to pay their salaries and crucial public services that also get shut down. ...

Today, we want to take you now to the president taking questions from reporters in the Oval Office where he is signing an executive order. Let's listen in. A lot of people that are going to be very affected and the Democrats, they're going to be Democrats.Uh, as you know, we this country, no country can afford to pay for illegal immigration, health care for everybody that comes into the country. And that's what they're insisting. And obviously, I have an obligation to not accept that.That would affect every ...

Core Insights - The article discusses the potential benefits for brokers, particularly Robinhood, from the anticipated removal of the Pattern Day Trading (PDT) regulation, which could lead to increased trading activity among small, less sophisticated investors [10]. Group 1: Market Dynamics - The "Magnificent Seven" stocks are heavily concentrated in many portfolios, prompting the need for investors to look beyond these stocks for opportunities [5]. - Early money flows indicate positive trends for NVIDIA, while flows are neutral for Amazon, Alphabet, Meta, and Microsoft, and negative for Apple and Tesla [6]. - The removal of PDT is expected to create a lucrative segment for brokers, as over 99% of small day traders typically lose money, making them reliant on market orders and options [10]. Group 2: Regulatory Changes - The removal of PDT, pending SEC approval, is seen as a sign of extreme positive sentiment in the market, suggesting a belief that markets will continue to rise without the need for protective regulations [10]. - The article highlights a historical context where the PDT regulation was implemented to protect small traders from significant losses, indicating a shift in market philosophy [10]. Group 3: Economic Indicators - Recent bankruptcies of companies like First Brands and Tricolor are noted, with the article suggesting that more unexpected bankruptcies may occur, particularly in sectors involving subprime credit [10]. - The article mentions the potential impact of a government shutdown on the stock market, with plans for investors to buy if stocks decline due to this event [10].

Government Shutdown & Spending Bill - A potential government shutdown is looming due to disagreements on a continuing resolution [1] - The Republican spending bill is viewed as an attack on veterans, child care, housing affordability, and healthcare [4] - Democrats are seeking a bipartisan spending agreement that meets the needs of the American people in terms of health, safety, and economic well-being [5] Healthcare Debate - Republicans claim Democrats want healthcare for illegal immigrants and to cut $50 billion for rural hospitals [7] - Democrats deny wanting to provide healthcare to undocumented individuals, citing federal law [12][20] - Democrats accuse Republicans of launching an assault on medical research [14] - A $536 billion cut to Medicare is projected if Congress doesn't act [13] Affordable Care Act (ACA) - Tax benefits for the ACA are set to expire on December 31st [7] - Millions of Americans could see their premiums, co-pays, and deductibles skyrocket [10][11] - Republicans have repeatedly refused to extend the ACA tax credits [13] Medicaid & Healthcare Crisis - Democrats claim the Republican bill represents the largest attack on Medicaid in American history [8] - Hospitals, nursing homes, and community-based health clinics are closing across America [8][13]