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Government shutdown created tremendous focus on individual companies, says Jim Cramer
Youtube· 2025-10-25 03:01
Group 1 - The upcoming earnings season is crucial, especially given the lack of macro data due to the government shutdown, which has shifted focus to individual companies [1] - Companies are reporting strong earnings, contributing to significant market gains, with the Dow rising 473 points and closing above 47,000 for the first time, while the S&P increased by 79 points and the NASDAQ rose by 1.15% [2] - There are indications of larger layoffs in companies like Target and Applied Materials, which may impact market sentiment [3] Group 2 - The next week will feature a significant earnings report alongside a Federal Reserve meeting, with expectations of a quarter-point rate cut due to signs of economic stalling [2]
Federal workers line up at food banks ahead of first missed check since shutdown
NBC News· 2025-10-25 02:03
How you doing today. >> In southeast DC, this food bank line just for federal workers. >> You have to have your government ID >> stretches around the block.Many furoughed federal employees like Anthony Spite now waiting hours for help. >> I have children to feed. I have a family to take care of. I have a mortgage to pay.So, it's a lot of uncertainty. >> The bipartisan policy center reports 1.4% million civilian federal employees like Spite did not get paid today. I never thought that I would be in this pred ...
Furloughed federal workers line up at a food bank as they miss first full paycheck amid shutdown
NBC News· 2025-10-25 01:39
Government Shutdown Impact - Over 700,000 federal employees are displaced due to the government shutdown [1] - Federal workers missed their first full paycheck [1] - Many federal workers are struggling to afford basic necessities like food [1][2] Community Support - Food banks are providing assistance to federal workers, including produce, personal hygiene items, and household goods [1] - Donation efforts are being organized to support federal workers every Friday during the shutdown [3] - Federal workers express gratitude for the assistance provided [3] Personal Financial Strain - Federal workers are facing uncertainty regarding their financial situations [2] - Some federal workers are tapping into their savings to cover expenses [2] - Federal workers are struggling to pay mortgages and provide for their families [2]
Rep.-elect Grijalva call on Speaker Johnson to ‘do his job’ and swear her in
NBC News· 2025-10-24 22:00
And joining me now is Democratic Congresswoman Electito Ghalva of Arizona. Thank you so much for joining me. Really appreciate it.>> Thank you for having me. >> Well, it's wonderful to have you. Congratulations on your win.Let's talk about this limbo in which you find yourself. It's now been over a month since you won your election. Have you had any conversations with House Speaker Mike Johnson about his swearing you in.What is your message to him. >> No. every we've attempted to contact the office twice se ...
X @Forbes
Forbes· 2025-10-24 21:01
The Pentagon accepted a $130 million anonymous donation from a “friend” of President Donald Trump to help pay military members during the government shutdown, a Defense Department spokesperson said Friday —though the amount will cover only a fraction of the pay owed to soldiers.Read more: https://t.co/ZGJehYVO3C ...
President Trump addresses decision to pardon Binance founder Changpeng Zhao: CNBC Crypto World
CNBC Television· 2025-10-24 19:00
Today, crypto prices rise as a delayed September inflation read showed prices rose less than expected. President Trump addresses his decision to pardon Binance founder Changpang Xiao. And Rebecca Reddig of Geto Labs breaks down her conversations with lawmakers this week as the crypto industry pushes for comprehensive regulation.[Music] Welcome to CNBC's Crypto World. I'm Mackenzie Seagalos. Digital currencies are in the green as we head into the weekend and as we get a fresh read on inflation despite the on ...
Federal workers turn to food banks as shutdown drags on
CNBC Television· 2025-10-24 18:00
We are at a food distribution center today in Alexandria, Virginia. And everyone you see who's getting a box of food is a federal worker. And that's because as of today, 2 million federal workers are missing their first full paycheck.And I've spoken with folks in this line and in others. They tell me that they're dipping into their savings. They're considering part-time work.They're just dealing with a lot of uncertainty here as the shutdown continues to drag on. And for the food distributors, it's not just ...
Federal workers turn to food banks as government shutdown drags on
CNBC Television· 2025-10-24 16:16
Government Shutdown Impact - The US government shutdown has entered its fourth week, causing hardship for federal employees [1] - Approximately 2 million federal employees are missing their first full paycheck [1] - Food banks are opening distribution centers specifically for government workers [1] - One distribution center expects to serve around 300 people [2] Food Assistance Programs - SNAP benefits, which provide food assistance to 42 million Americans, are set to run out on November 1st [3] - The potential disruption of SNAP benefits is putting pressure on lawmakers [3] - Senators are trying to find ways to fund SNAP and pay federal workers [4] Economic Consequences - The shutdown's impact is now being felt in Washington DC and across the country [5] - Federal employees are dipping into savings and seeking part-time work [4] - The shutdown is creating nonlinear impacts on paychecks, SNAP, and potentially healthcare premiums [5]
NEXT WEEK: 40 million at risk of losing food aid assistance if shutdown continues
MSNBC· 2025-10-24 16:01
Welcome back. The government shutdown is showing no signs of letting up and now more pain may be on the horizon for millions of Americans. The Supplemental Nutrition Assistance Program, or SNAP, is set to run out of funding November 1st, putting more than 40 million people at risk of losing the food assistance benefits they rely on to feed their families.I want to bring in Democratic Senator Ruben Ggo from Arizona, a Marine veteran who served in Iraq. He also serves on multiple committees, including Homelan ...
X @Michaël van de Poppe
Michaël van de Poppe· 2025-10-24 15:01
Market Trends - CPI release is unlikely to cause a significant market movement for Bitcoin due to a crucial resistance zone [1] - Expectation of breaking through the resistance in the upcoming week [1] Monetary Policy - Anticipation of the FOMC ending Quantitative Tightening (QT) and implementing rate cuts [1] Risk Factors - Potential government shutdown is approaching [1]