Government Shutdown Impact - 42 million people are at risk of losing federal food and nutrition benefits under the SNAP program [1][3] - WICK, another food assistance program, could run out of funds next week [1] - In one state, 650,000 people, or 12% of the population, are affected [3] - Air traffic controllers and TSA officers are missing paychecks [4] - Active duty troops could start going without pay by November 15th [5] Political and Economic Context - The government shutdown is viewed as political gamemanship, with Democrats seemingly gaining an advantage [6] - The shutdown impacts people's ability to feed their families and travel safely [7] - A bill co-sponsored by Republican and Democratic senators aims to fund SNAP until the shutdown ends [2] - Economic approval ratings are dipping, potentially impacting political outcomes [11] - Uncertainty introduced by trade wars is bad for growth, but AI is providing a windfall [15][16] Trump's Involvement - Aides believe Trump will become more engaged in the shutdown as real-world consequences pile up [18][19] - There's growing anxiety among aides about Trump's detachment and potential blame [18][19] - Trump's focus on foreign policy and other matters is creating bad storylines [19]

Core Insights - American views on the economy have become more negative in Q3, with rising concerns about jobs, inflation, and overall economic outlook, leading to a decline in President Trump's net approval rating on the economy to 42% approval and 55% disapproval, marking a net approval of -13, the lowest recorded in any CNBC survey during his presidency [1] Approval Ratings - The president's overall approval rating decreased from 46% to 44%, while disapproval increased by 1 percentage point to 52%, continuing a trend where economic approval is lower than overall approval ratings [2] Public Sentiment on Economic Issues - A survey of 1,000 respondents revealed that 53% blame the potential economic fallout from the shutdown on Republicans and the president, while only 37% attribute it to Democrats, indicating a shift in public sentiment towards the handling of economic issues [3] Specific Policy Approval - Only 34% of the public approve of the president's policies on inflation and cost of living, with 62% disapproving, representing the worst approval ratings in this area during his second term; additionally, 56% disapprove of his tariff policies, resulting in a net approval of -15, down from -6 in the previous quarter [4] Economic Confidence Factors - The decline in economic confidence among Americans is more significantly influenced by personal cost of living issues rather than the government shutdown, as noted by a Republican pollster [5]