Economic Indicators and Government Shutdown - The federal government shutdown is likely to delay the release of several economic indicators, including U.S. trade deficit data, weekly initial jobless claims, and wholesale inventories [1][3] - Despite the shutdown, the Federal Reserve is expected to continue its schedule, including the release of meeting minutes and participation from key officials [3][4] Corporate Earnings Reports - Key corporate earnings reports are anticipated from major companies such as Constellation Brands, PepsiCo, Delta Air Lines, and Levi Strauss, which could provide insights into the state of the American consumer [5][6][7] - Constellation Brands is expected to report declining sales due to concerns over tariffs and weak demand, while PepsiCo may face challenges from its Frito-Lay division and North American sales [6] - Delta Air Lines has reinstated its outlook and reported better-than-expected results, while Levi Strauss grew revenue in the prior quarter despite tariff pressures [7] Upcoming Events and Consumer Sentiment - Amazon is set to hold its Prime Big Deal Days sales event on October 7-8, which may impact consumer spending trends [7] - The University of Michigan's consumer sentiment report and the Fed's consumer credit report are also expected to be released, providing further insights into consumer behavior [4]

On episode LXXII of "In The Know" (October 3, 2025), ARK CEO/CIO Cathie Wood delves into the current economic landscape amidst a government shutdown, highlighting the surprising resilience of the stock market. She discusses significant employment revisions, the Federal Reserve's interest rate cuts, and the impact of tariffs on inflation. Cathie also explores the potential for a productivity-driven economic boom, the challenges in the housing market, and the evolving role of technology and innovation in shap ...

Group 1: Investor Sentiment and Market Dynamics - Investor sentiment is rising for housing-related stocks due to recent and potential interest rate cuts by the Federal Reserve, with mortgage rates currently at 6.34%, near one-year lows [1] - A more proficient supply and demand dynamic could emerge if homes become more affordable, alleviating pressure on homebuilders who have relied on price cuts and mortgage rate buydowns [2] Group 2: Homebuilder Stocks Performance - Toll Brothers (TOL) has led the surge in homebuilder stocks, experiencing a +20% increase over the last three months, supported by its affluent customer base and industry-leading margins [4][5] - The Zacks Building Products-Home Builders Industry is currently in the bottom 5% of over 240 Zacks industries, indicating that investor enthusiasm may be ahead of schedule for some peers [5] Group 3: Strategic Moves by Key Companies - Berkshire Hathaway increased its stake in Lennar Corporation (LEN) during Q2, contributing to broader excitement in the housing sector, despite trimming its position in D.R. Horton (DHI) [6] - Rocket Companies (RKT) has distinguished itself among mortgage providers by completing a $14.2 billion all-stock acquisition of Mr. Cooper Group, the largest mortgage servicer in the U.S. [8] - Rocket Companies also acquired Redfin, expanding its reach into the home search market, with its stock soaring +60% in 2025 before pulling back from a 52-week high of $22 [9][10] Group 4: Analyst Ratings and Future Outlook - Zillow Group (ZG) has received analyst upgrades, with price targets raised to over $90 per share, despite currently holding a Zacks Rank 4 (Sell) [13][14] - The overall consensus trend for Zillow shows declining earnings estimate revisions, with shares trading around $74 and up +5% YTD [14]

The dollar index (DXY00) on Friday fell by -0.12%.  The ongoing shutdown of the US government weighed on the dollar as the shutdown entered its third day on Friday.  The longer the shutdown is maintained, the more likely the US economy will suffer, and GDP growth will stagnate, a negative factor for the dollar.  The dollar extended its losses Friday after the Sep ISM services index fell more than expected to a 4-month low.  The dollar recovered from its worst level on Friday due to hawkish comments from Ch ...

All right, it's 8:30. No jobs report today, but we have something better. We want to bring in our Steve Leeman and Chicago Fed President Austin Goulsby.Steve, >> I don't know about me being better, but Austin certainly has the potential here. Austin, thanks for joining us. Austin Gman, Chicago Fed President, uh Austin, it's 8:33 and we don't have the jobs report.I want to know how confident you feel right now that you know what's going on in the uh US economy. Well, I will say two things. One, it's the firs ...

Chicago Federal Reserve President Austan Goolsbee said Friday he's leery of cutting interest rates too quickly as threats increase both inflation and employment.In a "Squawk Box" interview on CNBC, the central banker indicated that pressure is coming to both sides of the Fed's so-called dual mandate of stable prices and low unemployment."This uptick of inflation that we've been seeing, coupled with the payroll jobs numbers deteriorating, have put the central bank in a bit of a sticky spot where you're getti ...

Toronto home sales rose last month as the Bank of Canada resumed interest-rate cuts https://t.co/hDpyfXyaRZ ...

Treasury yields edged higher Thursday as US economic data began facing delays on the second day of the federal government shutdown, leaving investors without labor market readings for signals on the Federal Reserve’s next steps. The rate on two-year notes, which are sensitive to changes in monetary policy, rose three basis points to 3.56%, while the 10 year’s was little changed at 4.10%. Yields had moved sharply lower Wednesday after a report on private-sector payrolls showed a surprise decline. Most Rea ...

Bitcoin ETFs have recorded their highest single day of inflows since mid-September, as the price of Bitcoin topped $119,000 Thursday morning. According to data from Farside Investors, Bitcoin ETFs attracted $675.8 million worth of inflows Wednesday. BlackRock’s IBIT fund, currently the world’s largest Bitcoin fund, led the charge with $405.5 million of inflows. Meanwhile, Fidelity’s FBTC fund attracted $179.3 million, while Bitwise’s BITB fund attracted $59.4 million. Yesterday's gains mark a three-day s ...

European stocks extend a record-breaking rally as investors ramp up wagers on Fed interest-rate cuts following downbeat economic data https://t.co/FXH7p79TMj ...