Government Shutdown Resolution - US government shutdown ends with a deal to keep operations running through January 30th [1] - The agreement reverses federal worker layoffs and funds key programs [2] Market Impact - Markets barely flinched during the shutdown, with the S&P 500 climbing 2% [2] - The shutdown shaved off approximately 8/10 of a percentage point from quarterly GDP [3] Economic Fallout - The shutdown resulted in roughly $55 billion in lost output [3] - Goldman Sachs estimates job growth slowed to 50,000 in October, down from approximately 85,000 in September [3] - Concerns over slowdown in job growth and stretched valuations still linger [4]

Layoffs at companies ranging from Amazon to Target are sending young and experienced workers alike into unwelcoming market.Read more: https://t.co/KZyR2GnGkm https://t.co/uTHEY7GITe ...

Time. The major indices uh erasing most of their losses from last week, driven by some optimism that the government shutdown will end soon, as well as easing concerns about the AI trade. Let's bring in Ed Yardi, president of Yardi Research, still aiming for the S&P to end the year at or maybe close to 7K.Ed, it's good to see you. There was some discussion this morning that the 50-day was tested and held. Uh you know that when you're down three for the week and that's the worst in seven months, it was probab ...

Core Insights - PepsiCo is facing significant challenges in the U.S. market due to shifting consumer preferences, leading to a restructuring plan that includes plant closures and job losses [1][2][6] Company Actions - The company has closed multiple manufacturing facilities over the past two years, resulting in hundreds of job losses amid ongoing inflation and economic uncertainty [2][11] - Pepsi's net revenues increased by 2.6% in Q3 of fiscal 2025, but the North American Food division saw a decline of 3%, primarily due to a 4% drop in volume [2] - CEO Ramon Laguarta emphasized the need to accelerate growth and optimize the cost structure, introducing a pipeline of innovation and adjusting the cost base to fund activities [3][8] - Two Frito-Lay facilities in Orlando, Florida, are set to close, affecting 500 employees, with operations ceasing on May 9, 2026 [3][4] Industry Context - Pepsi's restructuring efforts are part of a broader trend in the food and beverage industry, where competitors like General Mills and Post Holdings are also closing facilities to cut costs amid weakening demand [9][10] - The labor market is experiencing challenges, with a notable slowdown in job creation and rising unemployment rates, making it difficult for laid-off workers to find new positions [11][12] - Research indicates that relying on layoffs to address temporary economic shifts can lead to long-term costs that undermine company stability and performance [13]

5 Ways Transparent Layoffs Speed Up Your Job Search https://t.co/51CY2pDG9a ...

Betsy, great to have your perspective here this morning because we've got a lot of conflicting jobs data. So, how do we know what's going on and what's your assessment of what's going on in the labor market. >> Well, I the first thing is we can't pretend uh that we're not missing data because the the federal government data that we're missing is a really important piece of this.Um it's great that we have the ADP data. Uh keep in mind ADP is a huge business. They have almost a half a million companies that r ...

Despite the emotional weight of layoffs, a troubling empathy gap exists between leadership and employees. https://t.co/C7P9RICeip ...

US companies announced the most job cuts for any October in two decades this morning.153,074 layoffs last month → 175.3% higher than expected.1M total job cuts this year, the most since 2020. https://t.co/pW3IXjljM0 ...

Core Insights - Retailers are expected to hire between 265,000 and 365,000 seasonal workers this year, marking the lowest number in at least 15 years [1][2] - This hiring expectation reflects a softening labor market, with a significant drop from last year's 442,000 seasonal hires [2] - Companies are managing higher costs from tariffs and have limited spending, which may have led to early hiring for sales events in October [2] Employment Trends - Layoff announcements surged to 153,074 in October, a 183% increase from September and a 175% rise from the same month last year, the highest for any October since 2003 [4] - 2025 is projected to be the worst year for announced layoffs since 2009 [4] - Conversely, ADP reported a net job growth of 42,000 in October, reversing two months of losses in the private sector [4] Economic Context - The ongoing government shutdown has resulted in fewer government reports on economic data, leading companies and economists to rely on private data sources [3]

And joining us now for more on that story is the company's senior vice president, Andy Challenger. Also joining us now is Evans S, CEO of global workforce data and analytics company, Aura Intelligence. Also our very own senior economics reporter at CNBC, Steve Leeman.A great round table, so to speak. So Steve, thank you very much. Let's hang on for a second here and go right to the challenger headlines right now.The highest October job losses in 20 years is the headline. Is it as dire as it sounds. >> I thi ...