And as a Republican, I am very disappointed in my party and I'm very disappointed in you because you do have the power to call the House back. You did that or you refused to do that just for a show. I am begging you to pass this legislation.My kids could die. We don't have the credit because of the medical bills that I have to pay regularly. You could stop this and you could be the one that could say military is getting paid. And I think that it is a The audacity of someone who makes six figures a year to d ...

Core Insights - The value of silver has increased by over 78% this year, reaching a record high, while some economists caution that it may be riskier than gold despite its strong performance [1][6][10] Price Movements - Spot silver rose approximately 3.5% to $52.25 per ounce, while silver futures increased by 6.7% to around $50.45 [1] - Silver prices broke the $50 threshold, surpassing the previous record of $49.95 set in January 1980 [2] Market Dynamics - Global silver inventory in London has declined, leading to a lack of liquidity, which is described as unprecedented by investment professionals [3] - Goldman Sachs analysts predict that silver prices will likely continue to rise due to the government shutdown and anticipated interest rate cuts from the Federal Reserve [3][10] Investment Considerations - While silver and gold prices typically move together and are considered safe-haven assets, economists expect more volatility and downside risk for silver compared to gold [4] - Central banks are more likely to invest in gold due to its higher per-ounce value and scarcity [5] Future Projections - Bank of America has raised its price forecasts for gold to $5,000 per ounce and for silver to $65 per ounce by 2026, while also warning of potential near-term risks for silver [7] - The current liquidity squeeze in silver may be temporary, with expectations that higher prices will restore liquidity as the metal flows back from other regions [7] Broader Market Context - Precious metals have gained from economic and policy uncertainty in the U.S., with gold recently surpassing $4,000 [10] - Factors such as a weaker U.S. dollar, hopes for interest rate cuts, and inflation concerns are driving the rally in precious metals [10]

Market Overview - The market is opening higher, potentially due to relief after a significant selloff in the S&P and NASDAQ [1] - The U S government shutdown continues with no apparent progress towards resolution [2][4] Economic Indicators & Events - The week will bring Federal Reserve (Fed) communications and bank earnings reports [3] - Key bank earnings reports from JP Morgan, Wells Fargo, City (Citigroup), and Goldman Sachs are expected [3] - A CPI (Consumer Price Index) report is scheduled for release this week [5] Geopolitical & Policy - President Trump announced a historic peace deal in Jerusalem involving the return of 20 hostages [2] - President Trump had a meeting with the Knesset [4] - JP Morgan has a $1.5 trillion initiative [4] - There are concerns about the lack of urgency regarding the government shutdown, especially concerning military pay, with an October 15th deadline mentioned [5] Company News - A new CEO has been appointed at NASDAQ [1] - Exelon is celebrating its 25th anniversary [1]

Bank earnings season is here once again. Third-quarter results begin rolling out on Tuesday of this week , with JPMorgan Chase, Goldman Sachs, Wells Fargo, Citigroup, and BlackRock all set to report before the market opens. Together, those five firms represent around $1.5 trillion in market value, or the core of the publicly traded U.S. financial sector. The deluge will continue through mid-week, with Bank of America and Morgan Stanley headlining on Wednesday. Thursday’s slate is heavy, too, including Ch ...

The government shutdown has left the National Flood Insurance Program in limbo—but one startup is writing new policies https://t.co/VWDHUezAwA ...

Over a thousand employees across the Department of Health and Human Services were notified late Friday that they'd lost their jobs. But then many of those fired began receiving suddenly these emails that were communicating that despite the earlier notice, they would no longer be let go. Confusing, right? Well, there's more to it. An HHS official also told MSNBC that around half of the firings were done in error. Vice President JD Vance was asked about the firings today and one word kept coming up repeatedly ...

💥BREAKING:🇺🇸 Treasury Secretary Bessent says government shutdown is starting to affect the economy. https://t.co/bCbcIbDVIy ...

JUST IN: 🇺🇸 Treasury Secretary Bessent says government shutdown is starting to affect the economy. ...

The financial impacts of the government shutdown are set to escalate this week https://t.co/krUI7YnhBq ...

The government shutdown has put fresh focus on earnings reports from Wall Street’s biggest banks https://t.co/2ABosoTjfD ...