Joining us head of King's College Cambridge and columnist for the Financial Times, Jillian Tet and semaphore Congressional Bureau Chief Burgess Everett. So is a inflation essentially gone, Jillian, if only. Um, frankly, inflation has been running above the Fed's 2% target now for several months.The signs are that it has been heading up. The good news is it's not heading up as high as some people feared early this year when President Trump announced the tariffs and that's enabled the White House to say, "Loo ...

And joining us now is Democratic Senator Gene Shaheen of New Hampshire. She's one of the eight Democrats who voted with Republicans to reopen the government and was directly involved in shutdown negotiations. Senator Shaheen, first I have to thank you for your patience uh with all that breaking news this morning.I know you've been waiting for a while. We really appreciate you doing that and joining us for this conversation. >> You of course have faced Thank you.You've faced a lot of criticism, I know, from ...

It is day 284 of the second Trump administration and just tonight. The White House says military members will get paid tomorrow despite the government shutdown. The administration plans to use a mix of legislative and Pentagon funds according to NBC News.Meanwhile, the 42 million Americans who depend on SNAP to buy their groceries may get some level of relief. A judge indicated she will likely order the Trump administration to use emergency money to fund the program in November. the money would not be able ...

Economic & Financial Market Analysis - The Federal Reserve cut its benchmark interest rate by a quarter of a percentage point (025%) for the second consecutive time this year to spur demand in the economy [1] - The Federal Reserve is concerned about the labor market slowdown, with companies like UPS (over 40,000 jobs) and Amazon (over 10,000 jobs) announcing layoffs [1] - The government shutdown delayed the release of important federal government data, impacting the Federal Reserve's decision-making process [1] - Two members of the Federal Reserve's decision-making body did not support the interest rate cut, with one advocating for no cut and another for a steeper cut of half a percentage point (05%) [2] US-China Trade Relations - The US and China have agreed to a framework for a trade deal, with potential discussion points including lower tariffs, easier access to rare earth minerals, and harder measures against fentanyl [1][2] - The United States would likely hold off on the 100% tariffs that President Trump threatened recently, so we'll probably have tariffs around 55% [3] - China will delay imposing its rare earth export controls on the United States, currently, it's scheduled to begin in December 2025, but China could push it for another year if likely fenol be part of the deal [3] - President Trump is not going to completely get rid of the 20% fentanyl tariff but maybe go down to as low as 10% [3] - China has purchased about 180,000 metric tons of fentanyl, which is still less than 1% of its total purchases from 2024, but that's a good sign [3] US Government Shutdown - The government shutdown is in its 29th day, with funding for critical food assistance programs for tens of millions of Americans set to lapse in just two days [3] - The largest union representing federal workers is calling on Congress to pass a clean short-term funding bill to reopen the government [3] - 65% of Americans live from paycheck to paycheck [4] Hurricane Melissa Impact - Hurricane Melissa made landfall in Cuba as a category 3 hurricane, with forecasters warning of a storm surge of up to 12 feet, leading to the evacuation of more than 700,000 people [22] - Hurricane Melissa made landfall in Jamaica as a Cat 5 storm with winds of 185 miles per hour, leaving more than 3/4 of the entire country without electricity [22][23] - Over 200,000 people were evacuated in Holin Province [27]

Government Shutdown & Political Messaging - Republicans believe they have an advantage and are highlighting the negative impacts of the shutdown [1] - Democrats argue Republicans are to blame for the shutdown and its consequences, particularly rising healthcare premiums [1] - The White House feels confident in its messaging, but there's growing anxiety and potential for negotiation [3] - The White House is using the possibility of not paying furloughed employees as leverage [5][6] Healthcare Subsidies & Political Impact - The expiration of healthcare subsidies is a significant issue, with potential for premiums to double or triple for some Americans [1, 23] - Republicans may face blame if healthcare premiums increase due to the subsidy expiration [17, 18] - There is internal debate among Republicans regarding extending these subsidies [17] Potential Actions & Negotiations - There has been a lack of negotiation and compromise from Republicans, according to Democrats [1, 2] - The possibility of eliminating the filibuster to pass funding without Democratic support was discussed [1] - Trump expressed differing views on back pay for furloughed workers, creating uncertainty [12, 14]