Federal jobs have long been a lifeline for the black middle class. But as the government shutdown drags on, that lifeline may be unraveling. >> When I was terminated, I was devastated.>> Denise Joseph was terminated after nearly a decade at the Department of Education. She thought her job was secure. But just one day after the inauguration, >> I got the email stating that I was put on admin leave.I thought it was a joke. She along with these two other former federal government employees are now turning to o ...

Day 41 of the shutdown with air traffic controllers today missing their second full paycheck. >> Enough is enough. >> Union President Nick Daniels demanding that controllers get paid now.3,000 flights canled on Sunday. Already more than 2,000 cut today. >> Flight from here here back home is only an hour.So now I have to drive about five. You know, who knows with traffic right now. The Miller family stuck at LAX after their morning flight was cancelled, rescheduled for this evening.>> Travel is stressful and ...

Gold held gains after recording its biggest daily jump since May, with an imminent end to the longest government shutdown in US history raising the prospect of further interest-rate cuts https://t.co/BR9P2FAZz0 ...

The White House on Monday expressed support for a deal between Republicans and eight Senate Democrats who broke ranks with their party to end the government shutdown: Here’s your Evening Briefing https://t.co/ZIcxBFbP1G ...

Government Shutdown Impact - The Federal Aviation Administration reduced air traffic by 10% at 40 airports across the country due to the government shutdown [1] - The airline industry analyst believes that restoring schedules to normal could be done in a couple of days, with cuts to operations currently well below 10% [2] - Airlines are likely to cut the least profitable operations, potentially smaller aircraft, and the cuts observed were around 4-5% [4][5] - A prolonged government shutdown could lead to air traffic controllers being unwilling to pick up additional shifts, impacting the air traffic control system [6] Thanksgiving Travel - Leisure travelers typically book flights 50-56 days before travel, suggesting most Thanksgiving tickets are already purchased [8] - Business travel typically slows down after the first week of November until after Thanksgiving [9] - Air travel volumes are expected to be up 4-5% compared to last year, in line with supply additions from US carriers [11] - A continued government shutdown could create a mess during the Thanksgiving travel crunch, potentially leading to airlines owing credits for cancelled flights [11][12] Future Concerns - The airline industry is somewhat at the mercy of the situation, with the shutdown occurring during non-peak seasons (4Q and 1Q) [14] - The next major concern for airlines is getting into March, specifically spring break and late February [15]

All right, joining us now to get the defense of this, Democratic Senator from Virginia, Tim Kaine. One of the people who um says that they have come to a deal with Republicans to end the shutdown. Senator Kaine, thank you very much for joining us.First off, I'd love to get your Sure. response to your fellow Democrats. And that's also going to include your fellow V Virginia, Senator Mark Warner, who said that he can't vote for a short-term fix that leaves working families staring down a healthc care crisis a ...

Let's bring in NBC News Capitol Hill correspondent Melanie Zenona. Uh Melanie, talk to us about the timeline here to potentially reopen the government in addition to the Senate. I know the House would have to vote on this and they have actually been out on recess for almost two months now.So, how soon could this all come down. >> Yeah, that's exactly right. So, realistically, the government won't be reopened until mid to later this week.First, the Senate still has to pass this funding package. They did take ...

Core Insights - Valuations are increasingly important in the current market environment, with high valuations leading to concerns about potential corrections [6][7][10] - The AI sector is experiencing significant growth, but there are signs of froth and overvaluation, particularly in speculative stocks [18][19] - Palantir is highlighted as a company with strong technology but excessive valuation, leading to a recent short position taken by the analyst [9][10][14] Market Dynamics - The market has seen a year-to-date increase of approximately 73%, but recent conditions appear shaky due to high valuations and technical overheating [5][6] - The Federal Reserve's hawkish stance has contributed to uncertainty, with probabilities of a December rate cut dropping from over 90% to below 70% [8][28] - The government shutdown is impacting economic data availability, leading to concerns about the divergence between market performance and economic reality [30][31] Company-Specific Insights - Palantir's valuation is deemed excessive at around 100 times forward sales, despite its potential for significant revenue growth [10][16] - AMD is recognized as a strong player in the AI space, but its current valuation may be ahead of itself, with a more attractive entry point suggested around $170–$200 [25] - Tesla is viewed as a misunderstood company with substantial long-term potential, particularly in its energy generation and storage business [26][27] Future Outlook - The AI market is expected to continue growing, but a rational pullback may be necessary to cool valuations and reset technical conditions [19][20] - The next major market catalyst is anticipated to be a change in Federal Reserve leadership, which could lead to more favorable monetary policy [28] - A potential correction is expected due to a lack of positive catalysts in the near term, despite a strong long-term outlook [28][30]

Joining me now, retired air traffic controller Harvey Skolnick and the points guy founder Brian Kelly. Brian, I know that everywhere you go today, you get a cost and people have questions. I'll ask the broad one.Even if the House ultimately goes along with the Senate and there are still details to be worked out. >> What are people supposed to do. Are they supposed to expect when things will get back to normal.>> Yeah, there is no getting back to normal anytime soon. I would give it a week from the time that ...

Government Shutdown Impact on Air Travel - Government shutdown is causing significant flight cancellations and delays [2][5] - Flight cancellations are increasing, reaching 4% today, projected to rise to 6% tomorrow, 8% on Thursday, and 10% on Friday in the top 40 airports [3] - Potential for Thanksgiving travel to be severely impacted if the shutdown continues [4] - Over 3,000 delays today due to lack of slack in the system and bad weather, compounded by low air traffic controller staffing [5] Air Traffic Controller Concerns - Air traffic controllers have gone without pay for 38 days, raising concerns about their ability to make ends meet [8][9] - The possibility of future government shutdowns is weighing on the minds of air traffic controllers [8] - The president is considering a $10,000 bonus for air traffic controllers who work [10] Airline Industry Response - Airlines are waiting for official confirmation of the government shutdown ending to restore schedules [2][6] - Airline stocks initially showed some relief but later trended slightly lower [4] - It will take time for airlines to restore schedules to pre-shutdown levels once air traffic controller staffing is certain [6]