Core Insights - Employment in the U.S. private sector declined by 32,000 jobs in September, indicating a faster-than-expected cooling of the job market [2][5] - This decline is the largest since March 2023 and is significantly below the Dow Jones consensus of an increase of 45,000 jobs [2][3] Employment Trends - Job losses were widespread across various industries, with notable declines in leisure and hospitality (19,000 jobs), professional and business services (13,000), transportation and utilities (7,000), and construction (5,000) [3] - Education and health services added 33,000 jobs, but overall job losses overshadowed this gain [3] Data Integrity Concerns - ADP reported a higher-than-normal number of missing or redacted values in the data set received from the Bureau of Labor Statistics, which affected the granularity of the benchmark calculations [4] - The preliminary estimate from the QCEW suggested a record decline of 911,000 jobs over the 12 months ending in March [4] Federal Reserve Implications - The ADP report may be the last jobs data available to the Federal Reserve before its next meeting on October 28, with expectations of the unemployment rate remaining at 4.3% [5] - The Fed has indicated a weakening labor market, with rising unemployment and inflation above the 2% target influencing recent interest rate cuts [6] Consumer Sentiment - Consumer confidence regarding job availability has declined, with only 26.9% of consumers finding jobs to be "plentiful," the lowest since February 2021 [6] - There has been a significant drop in Americans' views of their current financial situation, marking the largest monthly decline since data collection began in 2022 [6]

Government shutdown = @DOGE final mission success. ...

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. ...

Government shutdown starts, Pfizer's drug pricing deal could become industry template, risks from Trump's tariffs, and more news to start your day. ...

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 ...