The month-long government shutdown is delaying the Securities and Exchange Commission’s work to make it easier for 401(k) plan managers to include private credit and other alternative assets in their offerings https://t.co/4UtgetzLUU ...

The Affordable Care Act uh open enrollment opens tomorrow and millions of Americans are going to see dramatically higher premiums because enhanced tax credits are going to expire. Meanwhile, President Trump is calling on the Senate to get rid of the filibuster, which would allow Republicans to reopen the government. The president made the request via very long social media post last night. The filibuster, of course, is a long-standing tactic in the Senate that blocks or delays votes on a bill. 60 votes are ...

Economic & Financial Market Analysis - The Federal Reserve cut its benchmark interest rate by a quarter of a percentage point (025%) for the second consecutive time this year to spur demand in the economy [1] - The Federal Reserve is concerned about the labor market slowdown, with companies like UPS (over 40,000 jobs) and Amazon (over 10,000 jobs) announcing layoffs [1] - The government shutdown delayed the release of important federal government data, impacting the Federal Reserve's decision-making process [1] - Two members of the Federal Reserve's decision-making body did not support the interest rate cut, with one advocating for no cut and another for a steeper cut of half a percentage point (05%) [2] US-China Trade Relations - The US and China have agreed to a framework for a trade deal, with potential discussion points including lower tariffs, easier access to rare earth minerals, and harder measures against fentanyl [1][2] - The United States would likely hold off on the 100% tariffs that President Trump threatened recently, so we'll probably have tariffs around 55% [3] - China will delay imposing its rare earth export controls on the United States, currently, it's scheduled to begin in December 2025, but China could push it for another year if likely fenol be part of the deal [3] - President Trump is not going to completely get rid of the 20% fentanyl tariff but maybe go down to as low as 10% [3] - China has purchased about 180,000 metric tons of fentanyl, which is still less than 1% of its total purchases from 2024, but that's a good sign [3] US Government Shutdown - The government shutdown is in its 29th day, with funding for critical food assistance programs for tens of millions of Americans set to lapse in just two days [3] - The largest union representing federal workers is calling on Congress to pass a clean short-term funding bill to reopen the government [3] - 65% of Americans live from paycheck to paycheck [4] Hurricane Melissa Impact - Hurricane Melissa made landfall in Cuba as a category 3 hurricane, with forecasters warning of a storm surge of up to 12 feet, leading to the evacuation of more than 700,000 people [22] - Hurricane Melissa made landfall in Jamaica as a Cat 5 storm with winds of 185 miles per hour, leaving more than 3/4 of the entire country without electricity [22][23] - Over 200,000 people were evacuated in Holin Province [27]

JOE: COUNTING DOWN TO THE FED AND MEETING OF THE MINDS. WE APPROACH THE FED’S INTEREST RATES AND PRESIDENT TRUMP MEETING WITH PRESIDENT XI. WE WILL GET AN UPDATE FROM SOUTH KOREA AS HE MAX HAS WAY THROUGH THE SUMMIT AND WE WILL HAVE A MECHANICAL PANEL AND BY THE TIME THIS HOUR IS DONE WE WILL HAVE SPECIAL COVERAGE ON WASHINGTON.WE HAVE THE LATEST ON THE TRADE AS WE GET SET FOR AN INTEREST RATE CUT. >> YOU ARE RIGHT ON THAT. ONE HOUR FROM NOW WE HAVE YOU COVERED ON BLOOMBERG TELEVISION AND RADIO WITH MICHAEL ...

Well, we will not be covering Donald Trump's third term. Donald Trump will not serve a third term. Donald Trump will not run for a third term. Donald Trump's name will not appear on a presidential ballot in any state.So, we won't be covering the third term. And we won't be talking about the possibility of a third term because it's impossible. But Donald Trump wants us to talk about him running for a third term because it will distract from the Epstein files and it will distract from the cruelty he is imposi ...

Government Shutdown & Funding - The Shutdown Fairness Act aims to ensure federal employees receive paychecks during shutdowns [1] - Senator Johnson introduced the Eliminate Shutdown Act to permanently prevent government shutdowns [2] - The current shutdown is entering its fourth week, forcing essential federal workers to work without pay [2][3] - The existing appropriations process is highly ineffective, with a 96.7% failure rate in passing appropriation bills [10] - The "uni party" (big spenders in both parties) contributes to government dysfunction and increasing debt, currently at $37 trillion [11] Healthcare & Obamacare - The debate centers on extending enhanced subsidies under Obamacare, with concerns about fraud estimated at $20 billion to $30 billion annually [19][20] - Democrats are portrayed as wanting to continue enhanced subsidies, while some Republicans fear the political fallout of ending them [20] - The speaker is open to working with Democrats to repair the damage done by Obamacare, which has driven up premiums and deductibles [21][22] - Obamacare's design flaws are cited as the primary reason for rising premiums, not the potential removal of enhanced subsidies [28] - The speaker argues that even without enhanced subsidies, people will still receive subsidies under the original Obamacare framework [31] - Obamacare has led to a 118% increase in premiums, significantly exceeding the 39% inflation rate [32]

Well, joining me now we have California Congressman Ted Lou, vice chair of the House Democratic Caucus and member of the Judiciary and Foreign Affairs committees. Welcome, my friend. Let's get right into it because organizers say nearly 7 million people turned out Saturday at protests across the country.2 million more, by the way, than those rallies in June. What is the impact of what you saw yesterday. And what do you say to Speaker Mike Johnson and other Republicans who called the demonstrations hate Amer ...

So, uh, David Ducker, in your latest opinion piece for Bloomberg, you examine how Republicans are handling this shutdown and the future of Obamacare subsidies, writing in part, quote, Republicans, including Trump, have basically acknowledged that they are going to have to support some sort of legislation to maintain the availability of health insurance under Obamacare. Many of their constituents rely on the subsidies. Republicans in this fight have positioned themselves all along as the party against shutti ...

Government Shutdown & Healthcare Crisis - The Democratic party aims to end the government shutdown and seeks bipartisan agreement on spending to improve life quality and lower costs for Americans [2][3] - Republicans are considered responsible for a healthcare crisis, including cuts to Medicaid, hospital closures, and refusal to extend Affordable Care Act (ACA) subsidies [7] - The speaker mentioned that Republicans have attempted to repeal the Affordable Care Act more than 70 times since 2010 [9] Affordable Care Act (ACA) & Healthcare Affordability - Millions of Americans are receiving notices of skyrocketing premiums, co-pays, and deductibles, potentially making healthcare unaffordable [4] - A potential offer from Republicans involves a vote on ACA subsidies in exchange for reopening the government, but the Democratic party seeks a decisive resolution to the healthcare crisis [5][6] - The Democratic party seeks an "ironclad path forward" to address the Republican healthcare crisis, implying distrust in Republican promises regarding the ACA [9] Political Accusations & Government Overreach - Accusations are made against the administration for potentially using the Department of Justice and IRS to target political opponents [10][12] - Concerns are raised about the administration's attempts to intimidate and silence dissent, potentially threatening free speech [13][14] - Republican colleagues are criticized for being a "reckless rubber stamp" for extreme policies, allegedly hurting everyday Americans to benefit billionaire donors with tax breaks [15] Foreign Policy & Domestic Priorities - Criticism is leveled against Republicans for potentially finding $20 billion to support a foreign government while being unwilling to support working-class Americans [8]

Government Shutdown & Appropriations - The report highlights the ongoing government shutdown and the need for a normal appropriations process [1][5][6] - The Senate Majority Leader believes the solution to the shutdown will come from rank-and-file Democrats, not leadership [18] - The speaker has kept them out for the past month [8] - There have been 10 votes to open up the government [11] Affordable Care Act (ACA) & Healthcare - The report discusses potential negotiations on Affordable Care Act (ACA) subsidies and the need for reforms [1][2] - Enhanced ACA tax credits, initially COVID subsidies, are benefiting individuals with high incomes (>$500,000 or $600,000 per year) [1][2] - The report mentions estimates from the Kaiser Family Foundation indicating that a 60-year-old couple making $85,000 could see yearly premiums rise by over $22,000 in 2026 [1] - The Senate is willing to have a conversation and guarantee a vote on healthcare and tax credits [1][11] - A one-year extension of ACA subsidies could cost $35 billion [1][2] International Relations & Sanctions - The report mentions a Russian sanctions package with approximately 85 co-sponsors [27] - The administration is working with Europeans to amplify the message of the sanctions [28]