The thing to watch. Here are what are moderate Democrats in the Senate doing. Leaders Schumer and Jeffries are not talking with Johnson and Thune.There is there is essentially no progress. Three days in. The question is, is how much pressure does Trump and the White House put on Democrats.They've threatened these firings. They threatened to cut more spending. That has not yet materially materialized, but that could very well come later today.The other question is, will makers are going to vote again and the ...

What do you make of the uh shrugging off of the government shutdown and its impact with markets now at record highs. Well, the reality is, you know, the shutdown uh doesn't necessarily have huge economic implications at times. There's definitely been some market implications.Um, but the reality is is uh, you know, I think the labor market softening, lower interest rates and strength of the higher income consumer may help, but I think it's going to be choppy until some of these stimulus effects kick in in ea ...

Economic Data Release - US September non-farm payroll data release was delayed due to the US government shutdown [1] - The US Bureau of Labor Statistics suspended all operations and economic data releases during the government shutdown [1]

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick alongside Katie Greifeld, taking you through to that closing bell with a global summit pass simulcast Carol Massar and Tim Stenovec joining us from the radio booth. Welcome to our audiences across all of our bloomberg platforms and Carol Massar everyone, well, almost everyone.You know who you are, but it is green across the screen today. Once again, Carol, with all most of the major indices at record highs. Yeah, absolutely ...

er is committing to offer all of their prescription medications to Medicaid and it will be at the most favored nation's prices. It's going to have a huge impact on bringing Medicaid cost down uh like nothing else. That was President Trump at the White House on Tuesday announcing that Fizer has agreed to offer most favored nation pricing to Medicaid matching the lowest price offered in other developed nations.Fizer also announced it will participate in a new website that'll be launched next year by the admin ...

Market Overview & Economic Commentary - S&P 500 rose 10% during the 2018 shutdown, suggesting temporary government shutdowns have limited impact on market [2] - Market focus shifting to Q2/Q3 earnings and the AI trade [3] - Anticipation of rate cuts on October 29th and potentially December 10th is expected to fuel market exuberance [4] - Current market conditions are compared to the late 1990s internet bubble, with potential for irrational exuberance [5][6] - Rate cuts may not be necessary given GDP growth of 3% and persistent inflation [10] - The Fed's stance on inflation being "transitory" is questioned, especially with strong GDP growth [10][11] AI Sector Analysis - The AI space is currently perceived as having widespread potential, but is expected to consolidate to a few major players [6] - Circular investments and inflated valuations in AI are reminiscent of the late 1990s tech bubble [7][8] Monetary Policy & Fed Actions - The necessity of rate cuts is questioned, considering current economic indicators [9][10] - The Fed's potential rate cuts are viewed as sweeteners rather than necessities to prevent economic buckling [8] - The Fed's current approach is compared to its "transitory" inflation stance in 2021, despite evidence to the contrary [9][11]

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 ...