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Ferguson: The Fed isn’t divided, it’s uncertain about inflation and the economy
CNBC Television· 2025-10-09 11:14
Federal Reserve Policy & Economic Uncertainty - The market perceives the Federal Reserve (Fed) as divided and cautious due to uncertainties surrounding inflation, labor market, government shutdown, and tariffs [1][2] - The Fed's debate needs resolution, which is a key focus for markets [3] - The Fed faces challenges in justifying policy moves without reliable economic data, especially given its data-dependent stance [5][6] - The Fed is considering a pause in policy adjustments due to data limitations caused by events like government shutdowns [5][6] - The Fed is aware of the debate surrounding the concentration of GDP growth in the AI sector but considers overall growth from consumers [12][13] - The Fed acknowledges the AI sector's contribution to GDP growth but questions its sustainability, which is unlikely to drive major decisions at this stage [14] Data & Economic Indicators - The Fed can use alternative data sources like state data and private sector indices to compensate for missing official economic reports [5][9] - Bank of America research indicates credit card spending is up over 2% for the week ending October 4th [8] - Earnings reports from companies like Delta Airlines and PepsiCo can provide insights into inflation and consumer spending [9] - Private sector economic reports may also be affected by the lack of incoming government data [9] - Atlanta Fed GDPNow tool estimates GDP growth at 38% [11]
X @The Wall Street Journal
Exclusive: Senior GOP lawmakers have quietly advised the White House not to move forward with mass layoffs and sharp cuts as the government shutdown enters its second week https://t.co/LOR4JT1woO ...
ACA subsidies set to expire fueling government shutdown
NBC News· 2025-10-09 00:00
My own family suffers from this situation, my friends and my neighbors. >> For Georgia Congresswoman Marjgerie Taylor Green, the conflict behind the government shutdown is personal. Typically a MAGA loyalist, she's broken with the GOP over concerns that her children's health care premiums will double next year.>> Two out of the three have aged out of being on my insurance. And so you're seeing me being a mom who's frankly really pissed off at a lot of the failures that I think come from decades of both part ...
Urgent efforts underway to protect national parks during government shutdown
MSNBC· 2025-10-08 23:08
Conservationists from around the country are rallying around one message right now. Unfortunately, the safest thing to do is to close our parks. They're worried about what could happen at our nation's national parks, like the Everglades right here in Florida during this government shutdown.In previous shutdowns under the Trump administration, we've seen significant damage to our national parks, Joshua trees run over, artifacts stolen from historic battlefields, um off-road use of of vehicles that really sho ...
Meet the Press NOW — Oct. 8
NBC News· 2025-10-08 22:45
If it's Wednesday, President Trump says Illinois Governor JB Pritsker and the mayor of Chicago, two high-profile Democrats, should be in jail. And a defiant Governor Pritsker responds, saying, quote, "Come and get me. " as tensions escalate over the deployment of troops in the Windy City. Plus, former FBI Director James Comey is arraigned in federal court, pleading not guilty to allegations he lied to Congress as he fights the charges and argues it's a case of vindictive political prosecution. And we'll hea ...
Government shutdown delays farmer bailout, Nasdaq closes above 23,000 for the first time
Yahoo Finance· 2025-10-08 22:35
[Music] That's the bell on Wall Street and now it's market domination over time. We're giving you full coverage of all the moves, get you up to speed on the action from today's trade. Y Jared Blickery joining us now with the latest. Jared, thank you. We got a photo finish for the Dow. We'll pull that up on the Wi-Fi interactive. Looks like it is down by one point and that is a very small amount. So no record there. NASDAQ composite and let's show the chart there. That's good for a record high by the way. Up ...
Shutdown is a ‘funding fight,’ not ‘a health care fight,’ House Republican says
NBC News· 2025-10-08 22:00
Crime and Public Safety - The discussion revolves around the need to restore law and order and ensure safer communities across the country [3] - Concerns are raised about the level of violence in some cities, with comparisons made to third-world countries [5] - The debate includes differing views on approaches to public safety, such as defunding the police or deploying the National Guard [5] - Statistics on crime rates in DC and Chicago are presented, indicating a decrease in some areas, although crime remains a significant issue [7][8][9] - The impact of deploying the National Guard on crime rates in DC is highlighted, noting a period of 11 days without a murder after their arrival [7][10] Government Shutdown and Healthcare - The government shutdown is a central topic, with ACA subsidies being a key point of contention [11] - There is disagreement on whether the shutdown is primarily a healthcare fight or a funding fight [12] - Concerns are raised about the potential impact of expiring tax credits on the number of uninsured people, particularly in Michigan, estimated to rise by 390,000 [14] - Republicans emphasize that they passed a clean continuing resolution (CR) without partisan policy riders, aiming to continue governing without gimmicks [20][21] - The responsibility for resolving the shutdown is debated, with both Republicans and Democrats pointing fingers at each other [15]
S&P 500, Nasdaq Set Records As Gold Rockets Past $4,000
Ulli... The ETF Bully· 2025-10-08 20:39
Market Overview - Stocks showed a strong start, recovering from Oracle's recent performance that interrupted the S&P 500's seven-day winning streak and raised concerns about the sustainability of the AI boom [1][2] - Nvidia's shares increased by 2% following CEO Jensen Huang's announcement of a significant rise in computing demand over the past six months, which helped mitigate Oracle's warnings about thin margins in its cloud business [2] - The Dow remained unchanged, while the S&P 500 and Nasdaq reached new record highs, supported by ongoing short-squeeze activity [3] Commodity Performance - Gold surged past $4,000, achieving a record high and a year-to-date gain exceeding 55%, marking its best performance in over 50 years, significantly outperforming the S&P 500's 15% increase [4] - Bitcoin rebounded towards $124,000, and silver rose by 2.7%, approaching the $50 milestone, indicating potential for silver to gain attention next [4] Trend Tracking Indexes (TTIs) - The S&P 500 and Nasdaq achieved all-time highs, while the Dow finished flat, reflecting a bullish market sentiment [7] - Domestic TTI closed at +7.41% above its moving average, with a "Buy" signal effective from May 20, 2025, while the International TTI ended at +11.98% above its moving average, with a "Buy" signal effective from May 8, 2025 [8]
Senate Democrats argue with Johnson about the government shutdown
NBC News· 2025-10-08 20:12
Guys, we got to get the government open and turn the lights on so we can get everybody back here. Get the regular session. Stop hing up for the pedophile.There's There's not That's ridiculous. Nobody's covering up for pedophile. We are ready.Reuben and I are here to talk about these issues seriously to try to get something done. Oh, hey gentlemen. Hey, speaker.Appreciate it. Good to see you all. Hey, so uh is Congresswoman and friend of ours uh you know, yeah, reopen the government so we get back to work.So ...
Johnson and Senate Democrats argue about government shutdown and health care
NBC News· 2025-10-08 19:30
We're here to talk about the um healthc care of millions of Americans just being driven off a cliff. And the reason this is going to happen is because the guy who works in this office right here is keeping all of his Republican colleagues in his caucus on an extended summer vacation. Uh he will not come back to negotiate with us.Uh we are ready, Ruben and I are here to talk about these issues seriously to try to get something done to then get the government reopened after we fix this healthcare crisis. >> O ...