Let's talk about this with ranking member of the House Intelligence Committee, Democratic Congressman Jim Heims of Connecticut. Uh he is also a member of the Financial Services Committee. What are your thoughts on this.Does this seem like a reasonable offer. And do you have any expectations that Republicans, when we understand, will be taking to the bottom of the hour in about 45 minutes and have a conference to go over what has been offered. That's something they'll accept and reopen this government.>> Yea ...

Airline Industry Impact - The Trump administration is implementing a plan to reduce traffic at 40 US airports by 10% [1] - The reduction will begin with a gradual cut of 4% of flights for the first four days [1] - United Airlines has already cancelled 188 flights, and Delta has cancelled 170 flights for tomorrow [2] - United, American, Southwest, and Delta are offering refunds to impacted passengers [3] Contributing Factors - The FAA states the measure is proactive to ensure flyer safety amid air traffic control staffing issues exacerbated by the government shutdown [2] - The air traffic control staffing issues are a result of 37 days of no pay, adding to an already fragile system [2] Government Shutdown Implications - A judge has ordered the administration to fully fund the SNAP program by Friday [4] - Senate is planning a procedural vote that could potentially end the shutdown [5]

Group 1: Market Overview - The US stock market is experiencing a decline, with the Dow down nearly 300 points, approximately 0.61% [2] - The tech-heavy NASDAQ is leading the sell-off, with significant drops in large-cap tech stocks [3][5] - Qualcomm shares fell by 1.8% following earnings, while AMD saw a larger decline of about 5% [4] Group 2: Earnings Season Insights - Many tech companies are beating earnings estimates but still seeing stock price declines, indicating high investor expectations [6][12] - Qualcomm's recent earnings report did not provide additional details on a new data center chip, contributing to the stock's negative reaction [9] - Super Micro reported a 15.8% quarter-over-quarter growth in the semiconductor industry, but its stock fell due to design issues [21] Group 3: Warner Brothers Discovery - Warner Brothers Discovery reported a third-quarter loss of $148 million on $9 billion in revenue, with a 6% decline in revenue [33][38] - The company is planning to split into two entities by mid-2026, while also exploring strategic alternatives, including potential sales [35][36] - The studio and streaming businesses are seen as high-growth areas, generating nearly $4 billion in EBITDA, while the TV networks face challenges [41][49] Group 4: AI and Semiconductor Sector - The AI trade remains strong, with companies like Qualcomm, AMD, and Nvidia positioned to benefit from AI infrastructure investments [14][31] - Investors are encouraged to consider buying dips in semiconductor stocks, as earnings beats can lead to lower valuations if stock prices do not react positively [16][17] - The focus is shifting towards AI-powered infrastructure, including energy and networking opportunities [30][31] Group 5: M&A Activity - SoftBank is reportedly considering acquiring Marll Technology to combine it with ARM, indicating potential consolidation in the semiconductor space [24][25] - Marll is viewed as undervalued compared to peers, making it an attractive target for acquisition [25] Group 6: Supreme Court and Tariffs - The Supreme Court is hearing arguments regarding the legality of President Trump's tariffs, which have generated nearly $200 billion in revenue [74][120] - A ruling against the administration could lead to economic uncertainty and impact growth and hiring [120]

Joining us now, Democratic Congresswoman of Massachusetts, Ayanna Presley. It's good to see you again, Congresswoman. And I wonder, what's it like working alongside a trailblazer like Nancy Pelosi.The good, the bad, and the ugly. Well, it's being proximate to someone who leads with grit, who leads with grace, uh who is an effective and brilliant strategist, who has never forgotten her why. Uh I am I count my myself very fortunate uh to have um been able to um to be in close proximity to her and she has insp ...

There were a lot of factors that led to the Democratic blowout last night. They won because of candidates who focused relentlessly on the issues that mattered to the people they were running to represent. Affordability and the cost of housing and energy and the burden of the government shutdown on communities across the country.They won because of a rising anger and outrage at the abuses of Donald Trump and his administration that we have seen at no kings rallies across the country, driving millions to turn ...

Welcome back. On this historic 37th day of the government shutdown, recipients of the SNAP program are anxiously awaiting their next payments. The Trump administration now says they will partially cover 65% of recipients monthly benefits instead of the 50% previously announced.And it comes after a federal judge ordered the administration to disperse funding for the food aid program. A federal judge later today will hear arguments on whether they are complying with that order with these partial payments. And ...

And joining us now, chair of the House Democratic Caucus, Congressman Pete Aguular, who's also a fellow Californian, alongside Nancy Pelosi. Congressman, you have served with Speaker Ammerita Pelosi now for roughly 10 years. What's your reaction to today's announcement.>> My reaction is that uh this is uh a sad day, but also joyous for uh for Speaker Pelosi. um that she is, you know, turning the page um uh and you know that we can celebrate appropriately uh her career in Congress. She's not going anywhere.W ...

The government has been shut down for 36 days, the longest in US history -And absolutely nothing about your life is different.What is the lesson here? ...

U.S. President Donald Trump speaks to reporters aboard Air Force One en route to the White House on November 2, 2025 after taking off from Palm Beach International Airport in West Palm Beach, Florida. Samuel Corum | Getty ImagesThis is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five key things investors need to know to start the trading day:Supreme Court justices appeared skeptical of the legality of President Donald Trump's tariffs on Wednesday, when ...

Impact of Government Shutdown on Air Travel Safety - Transportation Secretary announced a 10% reduction in US flights at 40 major airports, affecting nearly 4,000 flights [1] - Allied Pilots Association, representing 16,000 pilots, supports the flight reduction to maintain safety margins [1][4] - Rolling delays due to staffing shortages are causing fatigue among air traffic controllers [3] - The industry emphasizes the need for a clean CR (Continuing Resolution) to avoid further disruptions [5] - Airspace safety and security are paramount, requiring adaptation to maintain standards [7][8] Operational Challenges - Airlines are experiencing pilot time-outs due to delays, impacting schedules and requiring the use of reserve pilots planned for the Thanksgiving season [9][11] - The current situation is described as a "mess" that needs to be resolved to prevent further operational disruptions [10] - The shutdown is putting strain on pilots, potentially affecting their readiness and focus [11][13] Call for Action - The industry advocates for an immediate end to the shutdown, emphasizing that safety and security should not be part of a political debate [4][5] - The situation is considered urgent, requiring immediate action to ensure clear skies and prevent accidents [5] - The industry stresses that distractions and external issues should not compromise the focus and performance of flight crews and air traffic controllers [14]