The Senate rejected bills to reopen the government for a sixth time Wednesday, stretching the shutdown into a ninth day.https://t.co/FgtzEJYGdJ ...

So, Argentinian President Javier Mle is facing criticism from members of his opposition party for being out of touch after he turned a book launch event into a rock concert as his country faces major economy problems. Mle campaigned and attempted to entertain more than 15,000 supporters packed into a Buenosara stadium. His party has faced controversy and allegations of corruption ahead of the fall election as the country struggles with growing inflation.The Trump administration announced a 20 billion dollar ...

JUST IN: 🇺🇸 IRS to furlough nearly 50% of its staff as part of ongoing government shutdown. ...

Government & Policy - IRS to fire nearly 50% of its staff due to ongoing government shutdown [1]

Hey Morgan. Well, the Senate has tried again and failed again to get the government funded. I believe this was the sixth time and we're not seeing any movement here in the stale down in the stalemate rather.We're still seeing those three Democrats and the one independent crossing the lines voting with Republicans to keep the government funded. But of course, that is five short of the number that they need uh for Democrats to actually fund the government. Now, tensions on Capitol Hill are rising.Uh we had tw ...

Affordable Care Act subsidies at the center of the government shutdown now cover more than 24 million people and are popular across the political spectrum https://t.co/zcVq73d6AJ ...

Speaker Johnson dismissed Democrats’ pleas to call the House back into session and ensure troops get paid Oct. 15 if the government is still shut down.“We already had that vote. It’s called the CR,” he said Wednesday https://t.co/nThJ61jEBT https://t.co/xKdobpyGPa ...

FAA Shortage & Shutdown Impact - FAA already facing a shortage of approximately 3,000 air traffic controllers who are now working without pay [1][3] - Increased sick calls are reported by the Department of Transportation, leading to major delays and greater shortages [1] - The shutdown is causing uncertainty, stress, fatigue, and frustration among air traffic controllers [3] - Burbank Airport experienced a period with no air traffic controllers on duty [4] Air Traffic Controller Concerns - Air traffic controllers are dealing with a short-staffed system and unreliable equipment [5] - Fatigue among air traffic controllers is expected to worsen as the shutdown continues, especially with concerns about zero dollar paychecks [8] - Air traffic controllers may seek additional income sources (e g, Uber, Door Dash) which could exacerbate fatigue and impact their performance [8][9] - The National Air Traffic Controllers Association emphasizes that air traffic controllers are caught in the crossfire of political issues [10] Operational Impact - The current situation is highlighting the impact of even a small number of staff absences on daily operations [7] - Over 45,000 planes and 3 million passengers are moved daily [5]

Let's turn to the shutdown this morning. Now in its eighth day, another round of Senate votes expected to begin this hour. Let's turn to Emily Wilkins with another attempt at this.It's starting to become a thing, Emily. It it is starting to feel a little bit like groundhog today on the Hill, Carl. But we're going to see if there's any signs that the stalemate is breaking with this next vote.You know, we've really had the same senators voting the same way for a week now. One person to watch for this vote is ...

Market Outlook - The year-end target for the US equity market is set at 6,600, with a recent adjustment to 6,700, indicating a positive outlook for a 5% upside run into the end of the year [1][2] - Anticipation of solid Q3 results, but uncertainty exists regarding sufficient upside in estimates to support short-term market action [2][4] Earnings Expectations - EPS growth expectations for the index are around 8%, which may be challenging to achieve compared to Q2 results [3][4] - The market has been supported by a "beat and raise" narrative, but this may be difficult to sustain in the short term [4][5] Sector Analysis - Communication services have been downgraded to market weight after being overweight for two and a half years, indicating a cautious approach due to high pricing in the sector [5] - Technology and semiconductors remain overweight, with banks also in good shape, suggesting resilience in these sectors [6] Market Risks - Concerns exist regarding the AI-affected portion of the market, which constitutes roughly half of the S&P 500 market cap, due to heightened expectations [7][8] - Short-term volatility risks are acknowledged, particularly in the context of quarterly reporting [9] Consumer Sentiment - Labor conditions and valuation are key discussion points, with a focus on cyclical sectors like banks and certain retailers as the market leans into Q4 [10][11] - Despite potential issues in consumer sentiment and spending patterns, the upper half of the income distribution is expected to drive retail performance during the holiday season [12] Alternative Investments - Continued positive outlook for Bitcoin and Ether, with expectations for follow-through in these asset classes [13] - Gold and crypto are viewed as hedges in a momentum-driven equity market, indicating a strategic approach to navigating market conditions [14] Government Shutdown Impact - The government shutdown is considered a temporary issue, but prolonged uncertainty could have a more significant impact on the market [15]