together. Oh, [Music] warm sunlight. [Music] Welcome back.As the government shutdown enters a second day, the Trump administration is taking aim at New York. White House budget director Russ Vote announced a freeze on $18 billion in federal funding for two New York City infrastructure projects. The long-awaited projects include a rail tunnel under the Hudson River and an extension of the Second Avenue subway line.The administration is citing the shutdown and blaming Democratic leadership from New York with ...

To gain an edge, this is what you need to know today.Stargate Memory DealPlease click here for an enlarged chart of Micron Technology Inc (NASDAQ:MU).Note the following:This article is about the big picture, not an individual stock.  The chart of MU stock is being used to illustrate the point.The chart shows that MU stock initially fell in the premarket because its South Korean competitors announced a big deal with OpenAI, maker of ChatGPT.  Micron was not included.The chart shows a huge up move in MU stock ...

Government Shutdown Impact - Hundreds of thousands of non-essential federal workers will be furloughed, impacting their regular paychecks, though retroactive pay is expected [1] - A government shutdown lasting less than approximately 2 weeks is projected to have minimal financial and economic repercussions [2] - Social Security and Medicare benefits are expected to continue without interruption during the shutdown [3] - Disruptions are anticipated in certain government services, including some Social Security services, housing programs, nutrition assistance, and veteran claims [3] - National parks and monuments will be closed during the shutdown [4] - Potential disruptions to travel plans may occur due to TSA agents and air traffic controllers possibly not reporting to work without pay [4] - The federal flood insurance program will be closed to new policies during the shutdown, potentially affecting home buyers needing flood insurance to secure a mortgage [5] - Healthcare premiums for millions are indirectly affected by government shutdown negotiations, with potential doubling in 2026 if enhanced subsidies are not extended [5][6] - Market analysts suggest the stock market has generally been resilient during past government shutdowns [6] - Market analysts suggest potential market dips during the shutdown could present buying opportunities for investors [7]

[Music] Good Thursday morning from Yahoo Finance's New York City headquarters studios. I'm Yao Finance executive editor Brian Saz. You're watching Rice Acquisition at the New York Stock Exchange to ring the opening bell.You guess it by the name. Rice is a spack that is focused on the energy sector. It priced its IPO at $300 million.It will debut today and candle and venture getting things underway at the NASDAQ. All right, it's a government shutdown day two with minimal to no progress on a new spending bill ...

Group 1: Government Shutdown Impact - The government shutdown is in its second day with minimal progress on a new spending bill, leading to concerns about its economic impact [2][10] - Hundreds of thousands of federal employees are furloughed, which may reduce consumer spending on various goods and services [3][28] - Despite the shutdown, equity markets remain resilient, with major indices closing at record highs, indicating that investors are currently overlooking the shutdown's effects [4][9] Group 2: Market Performance and Economic Indicators - The S&P 500 has shown upward momentum, gaining approximately 2.1% as it approaches the open, while the NASDAQ is also performing well, driven by AI-related stocks [6][9] - Tesla's sales rose by 7% year-over-year, exceeding analyst forecasts, which may indicate strong consumer demand despite broader economic concerns [14] - The Challenger report indicated that planned layoffs in Q3 totaled 22,118, marking a 16% increase year-over-year, suggesting potential weaknesses in the labor market [12] Group 3: Sector Performance - The technology sector, particularly AI-related companies like Nvidia and AMD, is experiencing significant momentum, with Nvidia's valuation reaching around $500 billion [7][36] - The healthcare sector has seen a recent rally but is currently experiencing a pullback, with a noted decline of about 0.6% at the open [8] - Consumer staples, particularly PepsiCo, are facing challenges due to cautious spending from low-income consumers, which may lead to an earnings miss [41][42] Group 4: Federal Reserve and Economic Outlook - The lack of government economic data during the shutdown raises questions about the Federal Reserve's potential actions regarding interest rates [11][29] - Analysts suggest that if the Fed does not cut rates as expected, it could negatively impact stock valuations [30][33] - The market is currently focused on earnings performance rather than solely on Fed actions, indicating that strong earnings could support continued market growth [32][33] Group 5: Private Market Valuations - OpenAI's valuation has reached $500 billion, making it the world's most valuable startup, surpassing SpaceX [55] - The trend of high valuations in private markets raises concerns about potential bubble-like conditions, as companies like Tether also report significant profits [61][64] - Investors are exploring ways to access private companies through private exchanges, although these markets are less liquid than public markets [57][58]

The United States government shut down early Wednesday morning, setting the stage for the furlough of hundreds of thousands of federal workers and the shuttering of a slew of key programs and services. House Speaker Rep. Mike Johnson (R-La.) holds a news conference with House Republican Leadership on the second day of the government shutdown. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/42d859g » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscri ...

Market Overview - Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help users manage their financial life [1] News and Updates - House Speaker Mike Johnson delivers remarks on the government shutdown [1] Resources and Tools - Yahoo Finance offers resources for portfolio management and advanced tools [1] - Yahoo Finance provides comprehensive market data [1] Access Channels - Users can access the latest news and data at finance.yahoo.com [1] - The Yahoo Finance app is available on Apple (https://apple.co/3Rten0R) and Android (https://bit.ly/3t8UnXO) [1] Social Media Presence - Yahoo Finance can be followed on X (http://twitter.com/YahooFinance), Instagram (https://www.instagram.com/yahoofinance/?hl=en), TikTok (https://www.tiktok.com/@yahoofinance?lang=en), Facebook (https://www.facebook.com/yahoofinance/), and LinkedIn (https://www.linkedin.com/company/yahoo-finance) [1]

President Trump intensified pressure on Democrats as the government shutdown entered its second day, saying he would begin a process to make far-reaching cuts at federal agencies https://t.co/EEY36GQTV0 ...

Watch live coverage as House Speaker Mike Johnson (R-LA) holds a news conference with other House Republicans on the second day of a federal government shutdown. For more context and news coverage of the most important stories of our day click here: https://www.msnbc.com/ » Subscribe to MSNBC: https://www.youtube.com/msnbc » Subscribe to MSNBC on TikTok https://www.tiktok.com/@msnbc » Subscribe to MSNBC on Instagram https://www.instagram.com/msnbc Download our new MSNBC app for the latest breaking news and ...

Market Response to Government Shutdown - The equity markets reached all-time highs despite the government shutdown, indicating a historical trend where shutdowns have not significantly impacted market performance [2][3][4] - The excitement surrounding AI technology, particularly in the semiconductor sector, has contributed to market strength [3] - Treasury yields decreased slightly, influenced by weak ADP job data and expectations of continued Federal Reserve rate cuts [5][6] Economic Implications - The government shutdown is expected to have a non-linear impact on the economy, with a general rule of thumb suggesting a 0.1% decrease in GDP for each week of the shutdown [19] - If the shutdown extends beyond October 17th, the unemployment rate could rise to 4.8%, but this is anticipated to be a temporary spike [19] - Businesses are likely to exercise caution and avoid significant risks during periods of uncertainty, which could lead to permanent losses in the economy [20][21] Data Dependency and Future Outlook - The lack of government data makes alternative data sources more critical for economic analysis, as traditional metrics may not be available [14][15] - The Federal Reserve's decisions will be heavily influenced by the available data, with a focus on labor market indicators [6][27] - The key number to watch for maintaining stable unemployment is 40,000 jobs created per month, which is essential for economic stability [29][30]