Podcasts about labor statistics

Nvidia reported earnings yesterday after markets closed, and it did not disappoint. Nvidia makes 90% of all chips used in AI. Tech stocks, including Nvidia, have been carrying a lot of weight in markets, and investors had started getting a little nervous about whether the AI boom was a bubble — but Nvidia's results have been pretty reassuring. Also: stale data from the Bureau of Labor Statistics and Japan's tensions with China.

Nvidia's (NVDA) earnings will take up most of the oxygen in markets for the next 24 hours, but don't miss other headlines impacting stock moves. Marley Kayden and Sam Vadas turn investor attention to the Bureau of Labor Statistics and why it won't release a full October jobs report. They also note the U.S. decreasing reliance on rare earth metals from China and Bitcoin's steep sell-off. ======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Kevin talks about the beginning of he and his wife's quest for their Thanksgiving feast ingredients and covers the following stories: food inflation estimates from the beginning of the year versus the actual price increases; in addition to Walmart's announcement, last month, lowering the cost of the Thanksgiving, Target announces price reductions across the board, as well as, their Thanksgiving meal prices; the Federal Reserve Bank of Cleveland's "nowcast" estimated present inflation levels because the Government Shutdown delayed the release of the Bureau of Labor Statistics; Trump cuts tariffs certain food items; Kevin has the details, sifts through the data, put the information into historical perspective, offers his insights and a few opinions.

Tomorrow's when we're supposed to learn more about how imports and exports have been faring from the Bureau of Labor Statistics, though the 43-day government shutdown may still delay that data release. What might those numbers be able to tell us (whenever they do come out) about some of the impacts of the president's tariffs? Plus, China has a glut of EVs, and that oversupply is starting to spill over into the rest of the world.

Tomorrow's when we're supposed to learn more about how imports and exports have been faring from the Bureau of Labor Statistics, though the 43-day government shutdown may still delay that data release. What might those numbers be able to tell us (whenever they do come out) about some of the impacts of the president's tariffs? Plus, China has a glut of EVs, and that oversupply is starting to spill over into the rest of the world.

On today's wide-ranging program, Ralph welcomes David Dayen of “The American Prospect” to discuss the Democrats caving on the shutdown. Then, Ralph speaks to Dani Noble from Jewish Voice for Peace about their BDS campaigns, efforts to block weapons shipments to Israel, and the state of the ceasefire in Gaza. Finally, Ralph speaks to original Nader's Raider Sam Simon about his new memoir, “Dementia Man: An Existential Journey.”David Dayen is the executive editor of the American Prospect, an independent political magazine that aims to advance liberal and progressive goals through reporting, analysis and debate. His work has appeared in the Intercept, HuffPost, the Washington Post, and more. He is the author of Chain of Title: How Three Ordinary Americans Uncovered Wall Street's Great Foreclosure Fraud and Monopolized: Life in the Age of Corporate Power.If Congress is saying: We have the power of the purse, and we have the ability to dictate to the President what he is able to do or not do with federal funding, then why not go the whole way? To me, that was the entire purpose of the shutdown— to stop the President from ignoring Congress and initiating his own prerogatives as it relates to government funding. It is really making Congress completely irrelevant in the process which they constitutionally are supposed to dictate.David DayenEvery time Trump has been in power and there's been a national election, he's lost it. He lost the midterm elections in 2018. He lost the presidential election in 2020. He lost the off-year elections in 2017 and 2019. He lost (just last week) the elections in 2025. He is not equipped to have an agenda that appeals to the American people when he's in power. And so I firmly agree that Democrats are likely to do well in the elections next year, as they just did. The one thing that can stop that is: completely punching your base in the face, after you succeed politically in backing Republicans into a corner.David DayenDani Noble is a Strategic Campaigns Organizer at Jewish Voice for Peace.Israel bonds (which very few people know much about) are direct loans to the Israeli military and government. They are unrestricted. They have no guardrails around what those funds can be used for, et cetera. And this is a main way that the Israeli military and government generate an unrestricted slush fund to be able to continue their genocidal assault on Gaza, to continue funding for the atrocities being committed against Palestinians—even as their government and economy suffers and/or operates with a massive deficit.Dani NobleThis bill would essentially block the Trump administration from delivering some of the deadliest weapons to Israel. So it's an essential, essential step in what we need to do fundamentally—which is a full arms embargo to stop arming the Israeli military and government…It's the most supported piece of legislation in support of Palestinian rights that we've ever seen.Dani NobleSam Simon is an author, playwright, and attorney. His new book Dementia Man: An Existential Journey is based on his award-winning play of the same name.There's also a social cost. A sense that everything I've ever built personally—my cars, my homes, my savings—that were all going to be available as a legacy to my family, they have to be spent in my few years of my life just to keep me alive. There needs to be a community response to that—and that's shorthand for the government. It doesn't force people to go broke to stay alive.Sam SimonNews 11/14/25* This week, Democrats on the House Oversight Committee released a new tranche of over 20,000 pages of documents related to infamous financier and sex criminal Jeffrey Epstein. These documents include damning emails between Epstein and various high-power individuals like Steve Bannon, former Treasury Secretary Larry Summers and current U.S. Ambassador to Turkey Tom Barrack. However, the emails that have received the most attention are those regarding President Donald Trump. In these emails, Epstein claimed Trump “knew about the girls,” and claimed that, “i [i.e. Epstein] am the one able to take him [i.e. Trump] down.” Perhaps most shocking, Epstein claims to have been with Trump during Thanksgiving in 2017, according to NBC. If true, it would directly contradict Trump's repeated insistence that he had no contact with Epstein since their falling out in the mid 2000s, either 2004 or 2007, per PBS.* The newly released Epstein files reinforce another narrative as well: that Epstein was an asset for Israeli intelligence. Drop Site news has done excellent reporting on Epstein helping to “Broker [an] Israeli Security Agreement With Mongolia,” “Build a Backchannel to Russia Amid [the] Syrian Civil War” and “Sell a Surveillance State to Côte d'Ivoire.” Most recently the independent outlet has published an expose on Epstein's relationship with known Mossad spy Yoni Koren. According to this piece, “Epstein's personal calendars reveal that…[Koren] lived at Epstein's Manhattan apartment for multiple stretches between 2013 and 2016.” There is also evidence that Epstein wired money to Koren. However, the reasons behind this transfer, and the details of their relationship, remain murky.* More Epstein information is likely to be released in the coming days. This week, the longest ever government shutdown in American history concluded with capitulation by centrist Democrats in the Senate. However, the conclusion of the shutdown finally broke the logjam over the swearing-in of Adelita Grijalva, the newly elected Democratic Congresswoman from Arizona. Grijalva immediately fulfilled her vow to be the 218th signature on the Discharge Petition forcing a vote on the release of the Epstein files, joining all 213 other House Democrats and four Republicans, Reps. Thomas Massie, Marjorie Taylor Greene, Lauren Boebert and Nancy Mace, per the Hill. In her first speech, Grijalva emphatically stated, “Justice cannot wait another day.” House Speaker Johnson has promised to bring the matter to a vote next week and many Republicans who did not sign the petition are expected to vote for it, with sponsors angling for a veto-proof majority. At that point, all eyes will turn to the Senate.* Even still, the Democrats blinking in the government shutdown showdown has infuriated many members of Congress, candidates and Democratic-aligned organizations, who are now calling for Chuck Schumer to step aside as Senate Minority Leader. Journalist Prem Thakker is keeping a running tally of these calls, which so far includes 12 Congressional Democrats – with major names like Pramila Jayapal, Mark Pocan, Rashida Tlaib, and Ro Khanna among them – along with candidates like Seth Moulton, Mallory McMorrow, Saikat Chakrabarti and Graham Platner. Beyond these individuals however, this call has been echoed by groups ranging from Our Revolution to Social Security Works to College Democrats of America, among many others.* Moving to economic matters, one other consequence of the protracted government shutdown is that the Bureau of Labor Statistics was “largely idle,” meaning it did not collect the crucial fiscal information it is responsible for gathering, including October jobs numbers and Consumer Price Index changes. According to POLITICO, White House spokesperson Karoline Leavitt said this information is unlikely to ever be released. She of course blamed that on the opposition in Congress, saying “Democrats may have permanently damaged the federal statistical system.” This is somewhat laughable, as the Trump administration has all but gone to war with the economic data collection functions of the federal government whenever that data has made him look bad.* Another bad sign for the economy in general, and for consumers in particular, is the rise of what are generously called “Flex Loans.” A new investigation by ProPublica in partnership with the Tennessee Lookout, examines the rise of this new strain of ultra-high-interest loan, with annual interest rates as high as 279.5%. This, combined with a lending cap of $4,000 – nine times higher than a traditional payday loan – has led to Advance Financial, the leading lender in Tennessee, suing over 110,000 people across the state since 2015. According to the data, judgments against consumers usually end up in the thousands, and 40% result in garnished wages. Loans of this variety were illegal before 2015, but the Tennessee legislature allowed them through and while the Consumer Financial Protection Bureau has sought to protect financial services consumers from these types of predatory lending schemes, the Trump administration's attempts to kneecap the agency have rendered it powerless.* Meanwhile, a dearth of consumer protections is yielding horrific consequences in a completely different area: AI. A new CNN report details how ChatGPT encouraged a Texas 23-year-old, Zane Shamblin, to kill himself. In heart-wrenching detail, this story paints a picture of Shamblin on the edge of suicide, and the AI chatbot helping to push him towards death. As Shamblin held a gun to his own head, the bot wrote, “You're not rushing. You're just ready,” later adding, “Rest easy, king…You did good.” According to this piece, the chatbot “repeatedly encouraged [Shamblin] as he discussed ending his life” for months, and “right up to his last moments.” Shamblin's parents are now suing ChatGPT's parent company, OpenAI, alleging the company endangered their son's life by, “tweaking its design last year to be more humanlike and by failing to put enough safeguards on interactions with users in need of emergency help.” The victim's mother, Alicia Shamblin, is quoted saying, “I feel like it's just going to destroy so many lives. It's going to be a family annihilator. It tells you everything you want to hear.”* In more positive consumer protection news, former Biden FTC Chair Lina Khan has hit the ground running in her new role helping to manage the transition for New York City Mayor-elect Zohran Mamdani. Per Semafor, Khan has been “scouring city and state laws — some overlooked by past mayors and some too new to have been tested yet — for legal footing for Mamdani's priorities.” Apparently, “Khan has privately discussed targeting hospitals that bill patients for painkillers available more cheaply at corner drugstores and sports stadiums charging nosebleed prices for concessions,” and “Other avenues for enforcement include a new state law that requires companies to tell customers when they are using algorithmic pricing. The law took effect this week, forcing Uber and DoorDash to start disclosing, but the incoming Mamdani administration plans to police laggards.” In short, it seems like the incoming Mamdani administration will use any and all legal and administrative means at their disposal to bring down costs for New Yorkers – as he promised again and again during the campaign. And, if there is one consumer regulator who can accomplish this, it is Ms. Khan.* Turning to Hollywood, Variety has published a major new piece on newly-minted Paramount CEO David Ellison's first 100 days. This piece covers everything from his attempts to curry favor with President Trump to the battle to acquire Warner Bros. Discovery. Buried within this story is an indication that “Paramount maintains a list of talent it will not work with because they are deemed to be ‘overtly antisemitic.'” The criteria for this modern blacklist however is opaque, especially troubling given that Ellison has deputized Bari Weiss – an ardent Zionist and censor of pro-Palestine speech – as the “Editor-in-chief” of CBS News. According to Drop Site, the studio “recently condemned a filmmakers' boycott of Israeli institutions signed by Emma Stone, Mark Ruffalo, Tilda Swinton, Javier Bardem, and Olivia Colman, among more than 4,000 others, declaring that Israel is carrying out genocide and apartheid.” Would Ellison blacklist these stars for “overt antisemitism”?* Finally, for some good news, the Economist is out with a stunning article on the success of China's transition to renewable energy. In the much-quoted opening paragraph, this piece reads “The SCALE of the renewables revolution in China is almost too vast for the human mind to grasp. By the end of last year, the country had installed 887 gigawatts of solar-power capacity—close to double Europe's and America's combined total. The 22m tonnes of steel used to build new wind turbines and solar panels in 2024 would have been enough to build a Golden Gate Bridge on every working day of every week that year. China generated 1,826 terawatt-hours of wind and solar electricity in 2024, five times more than the energy contained in all 600 of its nuclear weapons.” If that doesn't demonstrate the horizon of what is possible, given the requisite political will and determination, I don't know what will.This has been Francesco DeSantis, with In Case You Haven't Heard. Get full access to Ralph Nader Radio Hour at www.ralphnaderradiohour.com/subscribe

With the government shutdown officially over, the Bureau of Labor Statistics is back at work after a 43-day hiatus. But all that missed data can't be recreated — and catching up while understaffed will be difficult. In this episode: What reports will BLS prioritize and what'll be left behind? Plus: Solar projects rush to finish before a tax credit deadline, Disney stops reporting its streaming subscriber numbers, and businesses strategize for a world without pennies.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

With the government shutdown officially over, the Bureau of Labor Statistics is back at work after a 43-day hiatus. But all that missed data can't be recreated — and catching up while understaffed will be difficult. In this episode: What reports will BLS prioritize and what'll be left behind? Plus: Solar projects rush to finish before a tax credit deadline, Disney stops reporting its streaming subscriber numbers, and businesses strategize for a world without pennies.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Project 2025 is a sweeping blueprint for reshaping the federal government, published by the Heritage Foundation and a coalition of conservative groups. At its core, the initiative aims to consolidate executive power, dismantle or radically restructure key agencies, and install political loyalists throughout the bureaucracy. The project's 900-page manual, “Mandate for Leadership,” details plans for every major department, from the Department of Justice to the Department of Education, and lays out a 180-day playbook for the first days of a new conservative administration.One of the most controversial proposals is the revival of Schedule F, a personnel classification that would allow the president to replace thousands of career civil servants with political appointees. According to the Heritage Foundation, this would ensure that the executive branch is staffed by individuals “aligned with the president's agenda.” Critics, including the American Federation of Government Employees, warn that this could undermine the nonpartisan nature of the federal workforce and leave employees vulnerable to political pressure.The plan calls for the elimination of several agencies, including the Consumer Financial Protection Bureau and the Federal Trade Commission. The Department of Education would be dismantled, with its functions shifted to the states or other departments. The Department of Homeland Security would also face major cuts. The National Institutes of Health would see reduced independence, and funding for stem cell research would be eliminated. The blueprint also recommends merging the Bureau of Economic Analysis, the Census Bureau, and the Bureau of Labor Statistics into a single agency, with a mission aligned to conservative principles.Project 2025's education agenda focuses on reducing federal involvement, promoting school choice, and curbing what it calls “woke propaganda” in public schools. The Individuals with Disabilities Education Act would be administered by the Department of Health and Human Services, and federal enforcement of civil rights in schools would be significantly curtailed.The initiative also seeks to expand presidential powers, advocating for direct White House control over agencies like the Department of Justice and the FBI. This is based on a controversial interpretation of the unitary executive theory, which aims to centralize authority in the presidency. The plan recommends dismissing all State Department leadership before January 20, 2025, and replacing them with ideologically vetted appointees.Experts warn that these changes could have profound implications for American governance. The American Civil Liberties Union notes that Project 2025 could erode checks and balances, while the Center for Progressive Reform tracks the potential consequences for workers and the public. The project's proposals have already begun to influence executive actions, with recent orders targeting diversity, equity, and inclusion offices, freezing federal hiring, and reinstating the Schedule F classification.As the 2025 presidential transition approaches, the debate over Project 2025's vision for the federal government is likely to intensify. The coming months will reveal how much of this blueprint is implemented and what it means for the future of American democracy.Thank you for tuning in. Come back next week for more.Some great Deals https://amzn.to/49SJ3QsFor more check out http://www.quietplease.aiThis content was created in partnership and with the help of Artificial Intelligence AI

How would a one-month mini-retirement benefit your mental health? I know I'm not alone in feeling burnt out these days. And while the idea of four weeks away from work—to rest, to recalibrate, to pursue a passion—might feel out of reach, Jillian Johnsrud knows firsthand how to make it happen.Jillian's book, “Retire Often,” is the culmination of everything she's learned from her own dozen short sabbaticals and from coaching hundreds of fellow mini-retirees. If you've been feeling dragged down by work stress, now is definitely the time to get inspired by Jillian's philosophy and how it's changed her life, transforming her into a middle-aged mom of five with the energy to seize every day with creativity and positivity. Start planning your first mini-retirement equipped with Jillian's advice, includingPractical considerations that make it possible;Why mini-retirements affect women differently than men;How to convince your boss to sign off;Why the American workplace shuns the idea of extended time off.Related Links:Buy the “Retire Often” book - https://retireoften.com/bookThe “Retire Often” Podcast - https://retireoften.com/podcast/Work with Jillian - https://retireoften.com/group-coaching/U.S. Bureau of Labor Statistics, “Paid Leave Benefits” - https://www.bls.gov/charts/employee-benefits/paid-leave-sick-vacation-days-by-service-requirement.htmPew Research Group, “The ‘Leisure Gap' Between Mothers and Fathers” - https://www.pewresearch.org/short-reads/2013/10/17/the-leisure-gap-between-mothers-and-fathers/Episode 501, “Four Best Practices to Navigate Layoff Anxiety & Uncertainty” - https://www.bossedup.org/podcast/episode501Episode 521, “In a Tight Job Market, Job-Hugging is on the Rise” - https://www.bossedup.org/podcast/episode521Episode 516, “The Power Pause: Rebranding the Stay-at-Home Mom” - https://www.bossedup.org/podcast/episode516Episode 468, “Disrupting Elder Care: We Need To Talk More About Working Daughters” - https://www.bossedup.org/podcast/episode468Episode 463, “A Different Approach to My Second Maternity Leave” - https://www.bossedup.org/podcast/episode463Episode 402, “How to Financially Prepare for Layoffs” - https://www.bossedup.org/podcast/episode402TAKE ACTION with Bossed Up - https://www.bossedup.org/takeactionBossed Up Courage Community - https://www.facebook.com/groups/927776673968737/Bossed Up LinkedIn Group - https://www.linkedin.com/groups/7071888/ Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In lieu of data from the Bureau of Labor Statistics, Liz Ann Sonders and Kathy Jones discuss the latest jobs report from ADP. Liz Ann addresses some recent yips in the equity market related to earnings season, and Kathy speculates on what the latest economic data means for the Fed. They also analyze the shift towards sustainable investments and away from "zombie" companies, reflecting market churn and rotation.On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting. If you enjoy the show, please leave a rating or review on Apple Podcasts.Important DisclosuresThis material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned are not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions.All expressions of opinion are subject to change without notice in reaction to shifting market, economic or political conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.Past performance is no guarantee of future results.Investing involves risk, including loss of principal. Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors. Lower rated securities are subject to greater credit risk, default risk, and liquidity risk.Small-cap investments are subject to greater volatility than those in other asset categories.All names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data.The policy analysis provided by Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.(1125-690G) Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

It's November, Turkey Month,  Kevin reminisces about the years of helping his Mother preparing the Thanksgiving Day Meal and the first time he soloed preparing the Thanksgiving meal for 20+ people; Michael Maddox, Butterball Turkey Talk-Line Expert joins him to talk about the Butterball Turkey Hotline to help guide you through the process to make day less intimidating; the U.S. Weekly Jobless Claims were estimated by economists at different companies in lieu of the Bureau of Labor Statistics number unavailable during the Government shutdown; Kevin has the details, digs into the details, puts the information into historical perspective, offers his insights and a couple of opinions along the way. 

It's November, Turkey Month,  Kevin reminisces about the years of helping his Mother preparing the Thanksgiving Day Meal and the first time he soloed preparing the Thanksgiving meal for 20+ people; Michael Maddox, Butterball Turkey Talk-Line Expert joins him to talk about the Butterball Turkey Hotline to help guide you through the process to make day less intimidating; the U.S. Weekly Jobless Claims were estimated by economists at different companies in lieu of the Bureau of Labor Statistics number unavailable during the Government shutdown; Kevin has the details, digs into the details, puts the information into historical perspective, offers his insights and a couple of opinions along the way.See omnystudio.com/listener for privacy information.

In this episode of The Breakfast Leadership Show, we explore how California continues to lead the nation in wage growth and what that means for both employers and employees navigating a rapidly changing economy. Recent analysis from Keller Executive Search, using data from the U.S. Bureau of Labor Statistics, reveals that California saw a 6.55% increase in average weekly wages between 2023 and 2024, ranking fifth in the nation. The state's average weekly pay rose from $1,757 to $1,872, a gain that not only outpaced the national average of 4.88% but also exceeded inflation. We unpack the driving forces behind this growth, including the strength of California's technology, entertainment, and professional services sectors, and what this says about the broader labor market. While these gains signal that many workers are seeing real increases in purchasing power, California's high cost of living continues to offset some of that progress, making long-term affordability and retention key issues. The discussion also dives into how leaders can respond strategically: Investing in continuous skill development to keep pace with evolving demands. Creating adaptable workforce plans that align with economic cycles. Balancing compensation growth with organizational sustainability. Ultimately, this episode challenges both employers and employees to view wage growth as more than a paycheck shift. It is a signal of transformation in how we work, hire, and lead in an economy defined by rapid innovation and constant reinvention.

Exhaustion signals TESLA - a rabbit out of a hat! Fed meeting in focus S&P earnings week - its a big one PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm-Up - Don't fight the tape - Exhaustion signals everywhere - but plenty of money floating around it seems - Seeing lots of overheated signs..... - BUT, everything is fine. Nothing to worry about Markets - Fed Meeting today and tomorrow - Rate decision on Wednesday - Biggest week for earnings (S&P) - ATH - Let' GO! First time over 6,780 for the S&P 500 - Profit margins with those Tariffs - Surprise! - Emerging markets - On FIRE! Factoid - Ft Lauderdale Boat Show - The economic impact of the Fort Lauderdale International Boat Show (FLIBS) is significant, generating over $1.78 billion in economic output for Florida, supporting more than 100,000 jobs, and creating millions in sales and taxes. The Fort Lauderdale International Boat Show is considered to be the largest boat show in the world, with over 3 million square feet of exhibition space across multiple marinas. Godcaster is turning churches into local radio stations - Get the Godcaster app on Android and iOS - An Adam Curry Project Fed Meeting - Stock and All time highs - GOLD, SILVER rocking - Crypto doing just fine - GDP good - Employment good - Housing market improving - Limited information about economic activity due to Government is CLOSED - Inflation is well about Fed's own measures (3%) - FED IS GOING TO LOWER RATES REMEMBER - NOTHING TO WORRY ABOUT - TRUST THE GOVERNMENT  CPI - The consumer price index showed a 0.3% increase on the month, putting the annual inflation rate at 3%, both lower than expected. - Excluding food and energy, core CPI showed a 0.2% monthly gain and an annual rate also at 3%, less than forecast. - The Bureau of Labor Statistics released the data specifically because the Social Security Administration uses it as a benchmark for cost-of living adjustments in benefit checks. Otherwise, the federal government has suspended all data compilation during the shutdown. Quick Meme Update - BYND - fell back to earth - down to $1.75 from $7 last week... - We should have shorted for the game like we talked about - It was supposed to be the next Apple! Qualcomm News! - They are in the game now - seems that Qualcomm now has the goods to compete with AMD and NVDA - Stock up 15% on this news (AMD and NVDA unfazed) - Qualcomm's data center chips are based on the AI parts in Qualcomm's smartphone chips called Hexagon neural processing units, or NPUs. - Nearly $6.7 trillion in capital expenditures will be spent on data centers through 2030, with the majority going to systems based around AI chips, according to a McKinsey estimate. (3% of of annual GDP for the ext 5 years) Why Not Intel? - The U.S. has formed a $1 billion partnership with Advanced Micro Devices  to construct two supercomputers that will tackle large scientific problems ranging from nuclear power to cancer treatments to national security, Energy Secretary Chris Wright and AMD CEO Lisa Su told Reuters. - The U.S. is building the two machines to ensure the country has enough supercomputers to run increasingly complex experiments that require harnessing enormous amounts of data-crunching capability. The machines can accelerate the process of making scientific discoveries in areas the U.S. is focused on. NVDA Spending Spree - Massive announcements today and $1billion stake in Nokia - Nokia announced on Tuesday that Nvidia is taking a $1 billion stake in the networking company, the latest partnership for the artificial intelligence chipmaker. - Shares of Nokia soared 26% higher following the news.

Kevin covered the following stories: Hurricane Melissa has her eye on Jamaica; the American Transportation Research Institute (ATRI) released its 21st annual Top Industry Issues; differing U.S. Weekly Jobless Claims have been estimated by economists at 4 separate companies, Citigroup, Nationwide, Goldman Sachs and JP Morgan; the U.S Bureau of Labor Statistics released the September Consumer Price Index (CPI) and Core CPI; the Social Security Administration announced the Cost-Of-Living Allowance (COLA) for Social Security recipients; Kevin has the details, digs into the data, puts the information into historical perspective, offers his insights and a few opinions along the way.

Kevin covered the following stories: Hurricane Melissa has her eye on Jamaica; the American Transportation Research Institute (ATRI) released its 21st annual Top Industry Issues; differing U.S. Weekly Jobless Claims have been estimated by economists at 4 separate companies, Citigroup, Nationwide, Goldman Sachs and JP Morgan; the U.S Bureau of Labor Statistics released the September Consumer Price Index (CPI) and Core CPI; the Social Security Administration announced the Cost-Of-Living Allowance (COLA) for Social Security recipients; Kevin has the details, digs into the data, puts the information into historical perspective, offers his insights and a few opinions along the way.

This just in! Social Security announced the Cost of Living Adjustment for 2026. Listen on the ASG podcast for the official numbers and how the COLA increase impacts your clients.   Read the text version  

Amid the ongoing government shutdown, we look at alternate sources of data to draw a picture of what's happening with inflation, the labor market, and home sales. Our experts provide insights on the market's reaction to these reports, the anticipated Federal Open Market Committee (FOMC) meeting next week, and the performance of different sectors and asset classes. We also touch on some unusual market dynamics, with low-quality and high-beta stocks outperforming higher-quality companies. Finally, we talk sandwiches in celebration of National Bologna Day. Speakers:Brian Pietrangelo, Managing Director of Investment StrategyGeorge Mateyo, Chief Investment OfficerStephen Hoedt, Head of EquitiesRajeev Sharma, Head of Fixed Income 02:06 – We highlight three key reports from the week: state-level initial weekly unemployment claims suggest no cause for concern, existing home sales are up slightly, and—despite the government shutdown—the Bureau of Labor Statistics was allowed to compile and release a mixed but overall favorable Consumer Price Index report.06:00 – Corporations seem to be navigating increased costs due to tariffs by cutting their labor force.08:50 – The Fed is likely to cut interest rates by 25 basis points at next week's FOMC meeting, with many expecting another 25 basis point cut in December, and several more next year. 10:44 – October continues to be a rally month for the bond market thanks to low market volatility, tight credit spreads, and abundant liquidity.12:59 – Equities continued to climb and set all-time highs as third quarter earnings season continues, with a spotlight on reports from Microsoft, Amazon, and Meta next week.15:53 – We discuss differences in quality within the equities and bond markets, and posit an apparent shift in principles and heuristics in equities between the pre- and post-pandemic periods. Additional ResourcesRead: Key Questions: Should Investors Get on Board With the Reshoring of American Manufacturing? Weekly Investment BriefKey QuestionsSubscribe to our Key Wealth Insights newsletterFollow us on LinkedIn

Friday on the News Hour, the U.S. escalates regional tensions with another strike on an alleged drug boat off the coast of Venezuela. Experts warn against the dangers of manipulating economic data after President Trump replaced the head of the Bureau of Labor Statistics. Plus, the government shutdown continues, leaving many critical workers unpaid and needing to resort to food banks. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

Our U.S. Software Analyst Sanjit Singh explains how AI is reshaping software development and why the future for the sector may be brighter – and busier – than ever.Read more insights from Morgan Stanley.----- Transcript -----Welcome to Thoughts on the Market. I'm Sanjit Singh, the U.S. Software Analyst at Morgan Stanley.Today: how AI is transforming software and what that means for developers.It's Friday, October 24th, at 10am in New York.There's been a lot of news stories and anecdotal accounts about AI taking over jobs, especially in the software industry. You may have heard of vibe coding, where people can use natural language prompts, guiding AI to build software applications. So yes, AI is creating a world where software writes itself. But at the same time, the demand for human creativity only grows.The introduction of AI coding assistants has dramatically expanded what software can do, fueling a surge in both the volume of code and the complexity of projects. But instead of shrinking the developer workforce, AI is actually supporting continued growth in developer headcount, even as productivity soars.We're estimating the software development market will grow at a 20 percent compound annual growth rate, reaching $61 billion by 2029. And that's up from $24 billion in 2024. And in terms of the developer population, [research] firms like IDC expect it to jump from 30 million paid developers in 2024 to 50 million by 2029 – that's a 10 percent annual growth rate. Even the most conservative estimates, like those from the U.S. Bureau of Labor Statistics, see developer jobs growing roughly 2 percent per year through 2033, outpacing overall employment growth.So, what does this mean for people behind the code? AI isn't replacing developers. It's redefining them. Routine tasks are increasingly handled by AI agents, and this frees up developers to become curators, reviewers, architects, and most important problem-solvers.The upshot? Companies may need fewer developers for repetitive work, but the overall demand for skilled engineers remains robust. As AI lowers the barrier to entry, the pool of people who can build software applications expands dramatically. But at the same time, the complexity and ambitions of projects rise, keeping experienced developers in high demand.No doubt, AI coding tools are delivering real productivity gains. Some teams are reporting nearly doubling their code capacity and cutting pull request times in half after adopting AI assistants. Test coverage has increased sharply, resulting in 20 percent fewer production incidents for some organizations. But there is a catch with all this AI-generated code. It's creating significant new bottlenecks downstream.An example of this is code review, which is becoming a major pain point. Many organizations are experiencing pull request fatigue, with developers rubber-stamping changes just to keep up. Some teams now require three reviewers for AI-generated change, compared to just one before. And in terms of automated testing, systems are getting overwhelmed because every change made with AI sets off a complete round of test.Now we estimate productivity gains from AI in software engineering at about 15–20 percent. But in complex projects, the gains are much lower, as the volume of new code often means more bugs and more rework – and hence more human developers.So where do we go from here? In our view, the future isn't about fully autonomous software development. Instead, large enterprises are likely to favor an integrated approach, where AI agents and human developers work side by side. AI will automate more of the software development lifecycle. And that not only includes coding – which, coding typically accounts for 10-20 percent of the software development effort – but other areas like testing, security, and deployment. But humans will remain in the loop for oversight, design, and decision-making. And as software gets cheaper and faster to build, organizations won't just do the same work with fewer people – they likely will do more.In short, the need for skilled developers isn't going away. But it's definitely evolving. And in the age of AI, it's not about man versus machine. It's about man with machine. And so with more software, we see more developers.Thanks for listening. If you enjoy the show, please leave us a review wherever you listen and share Thoughts on the Market with a friend or colleague today.

After an economic data blackout for weeks, we got an inflation update this morning showing a lower-than-expected increase in the consumer price index. According to the Bureau of Labor Statistics, the price of everyday goods like gasoline, groceries, and rent costs rose 0.3% in September compared to August, and the annual inflation rate rose to 3%. That is above the Federal Reserve's target rate of 2% as policymakers there meet next week to decide their next interest rate move With the Fed, CEOs, investors, and pretty much everyone flying blind in regard to economic data, thanks to the nearly month-long government shutdown, how important was today's inflation update? Kenny Polcari, the Chief Market Strategist at Slatestone Wealth, joins Fox Business' Gerri Willis to discuss how investors are navigating the current data desert, the President's latest spat with Canada over trade talks, and some of the headlines coming out of the White House. Learn more about your ad choices. Visit podcastchoices.com/adchoices

The inflation report was delayed due to the government shutdown and the White House said there will likely be no report next month. But even before the shutdown, experts were sounding the alarm after President Trump fired the head of the Bureau of Labor Statistics, expressing anger about employment numbers. William Brangham reports on lessons from nations where trust in government data was lost. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

Well over 3 weeks into the government shutdown, economists are eager for federal metrics that help paint a picture of our nation's economy. To that end, the Labor Department brought back some workers from the Bureau of Labor Statistics to release the Consumer Price Index, or CPI. 10 days late, CNBC's Rick Santelli, Nomura's David Seif and Richard Bernstein Advisors's Michael Contopoulos dig into the numbers and what they mean for the data-driven Federal Reserve. It's the second-longest shutdown in U.S. history, and lawmakers like House Minority Leader Hakeem Jeffries (D-New York) and Senator James Lankford (R-Oklahoma) are standing firm on their respective sides of the standoff. Both explain their perspectives on how the country can move forward. Plus, Target announced it would be laying off about 8% of its corporate workforce, and President Trump says he's halted trade negotiations with Canada over an Ontario ad featuring President Ronald Reagan criticizing tariffs.  Rick Santelli - 17:09 David Seif & Michael Contopoulos - 19:29Sen. James Lankford - 21:47Rep. Hakeem Jeffries - 38:26 In this episode:James Lankford, @SenatorLankfordHakeem Jeffries, @RepJeffriesRick Santelli, @RickSantelliJoe Kernen, @JoeSquawk Becky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

After an economic data blackout for weeks, we got an inflation update this morning showing a lower-than-expected increase in the consumer price index. According to the Bureau of Labor Statistics, the price of everyday goods like gasoline, groceries, and rent costs rose 0.3% in September compared to August, and the annual inflation rate rose to 3%. That is above the Federal Reserve's target rate of 2% as policymakers there meet next week to decide their next interest rate move With the Fed, CEOs, investors, and pretty much everyone flying blind in regard to economic data, thanks to the nearly month-long government shutdown, how important was today's inflation update? Kenny Polcari, the Chief Market Strategist at Slatestone Wealth, joins Fox Business' Gerri Willis to discuss how investors are navigating the current data desert, the President's latest spat with Canada over trade talks, and some of the headlines coming out of the White House. Learn more about your ad choices. Visit podcastchoices.com/adchoices

On today's podcast:1) President Trump is aiming for a quick win in a pivotal Thursday meeting with Chinese counterpart Xi Jinping, even if the outcome falls short of the sweeping deal he’s teased on issues at the heart of the rivalry between the world’s two largest economies. Ahead of the sit-down, the US president said he wants to extend a pause on higher tariffs on Chinese goods in exchange for Xi resuming American soybean purchases, cracking down on fentanyl and backing off restrictions on rare-earth exports — all while maintaining some trade barriers he sees as essential.2) President Trump said he would immediately halt all trade negotiations with Canada, citing a Canadian advertisement against his signature tariffs plan featuring the voice of former President Ronald Reagan. The ad in question comprises excerpts from an address Reagan gave in 1987 in which he defended the principles of free trade and slammed tariffs as an outdated idea that stifles innovation, drives up prices and hurts US workers. Funded by the government of Ontario, the ad seeks to sow doubt among Republican voters by using one of the party’s most iconic voices. 3) Senate Democrats blocked a Republican measure aimed at paying military troops and some federal workers during the US government shutdown in the latest sign the spending deadlock shows no sign of ending. The vote on Thursday to advance the bill failed on a 54 to 45 vote, with 60 votes needed. Democrats have blocked a temporary spending measure 12 times in the Senate since, arguing that they cannot support it without new healthcare spending attached. Despite the ongoing shutdown, the Bureau of Labor Statistics is set to release the long-delayed September CPI report on Friday at 8:30 a.m. Eastern time.See omnystudio.com/listener for privacy information.

After an economic data blackout for weeks, we got an inflation update this morning showing a lower-than-expected increase in the consumer price index. According to the Bureau of Labor Statistics, the price of everyday goods like gasoline, groceries, and rent costs rose 0.3% in September compared to August, and the annual inflation rate rose to 3%. That is above the Federal Reserve's target rate of 2% as policymakers there meet next week to decide their next interest rate move With the Fed, CEOs, investors, and pretty much everyone flying blind in regard to economic data, thanks to the nearly month-long government shutdown, how important was today's inflation update? Kenny Polcari, the Chief Market Strategist at Slatestone Wealth, joins Fox Business' Gerri Willis to discuss how investors are navigating the current data desert, the President's latest spat with Canada over trade talks, and some of the headlines coming out of the White House. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Erin Ryan and guest host Reshma Saujani (Moms First) poke holes in Trump's flimsy IVF plan, discuss RFK Jr.'s creepy obsession with teenage boys' sperm counts, and the realities of women leaving the workforce. They also get into the insanity of Trump's ballroom construction and dissect the differences between the moms with boys and Boy Moms. Nearly half a million women have left their jobs so far this year. Here's why, in their own words (CNN 10/17)Embattled Trump Nominee Paul Ingrassia's Mom Tried to Meet With Lawmakers Who Criticized Her Son (NOTUS 10/21)RFK Jr uses platform during Trump event to go on rant about teenager's sperm (The Independent 10/17)Trump Unveils Plan to Expand Access to ‘Fertility Insurance' and IVF Drugs (TIME 10/16) Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Based on a Wall Street Journal report, the number of unemployment claims filed by federal workers jumped significantly in early October. The federal government remained closed as of the publication of this report, but unemployment insurance claims are reported by state offices. In the week prior to the shutdown, only 588 federal government workers filed an initial unemployment claim. That number jumped to a total of more than 10,500 for the last two weeks combined. The increase in claims was driven by those that were temporarily furloughed, but it also included workers that took a deferred-resignation plan earlier in the year. While U.S. hiring has generally been weak, the lack of available labor is one of the main challenges. Workers on leave from government jobs could potentially look to other industries for roles that require a similar skill set. In its most recent report, the Bureau of Labor Statistics reported there were close to 6.5 million jobs open in the private sector. Explore our webpage for more insights and resources:https://bit.ly/Radix_Website

Our picture of the U.S. economy grows fuzzier each day the government shutdown continues. The Bureau of Labor Statistics, which publishes the most reliable economic data, has been a barebones operation since the shutdown began. In this episode, how this month's data from the public and private sectors may be affected. Plus: Recruiters give mixed takes on the job market, oil services companies are up against low prices and a supply glut, and streaming platforms set their sights on video games and podcasts.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Our picture of the U.S. economy grows fuzzier each day the government shutdown continues. The Bureau of Labor Statistics, which publishes the most reliable economic data, has been a barebones operation since the shutdown began. In this episode, how this month's data from the public and private sectors may be affected. Plus: Recruiters give mixed takes on the job market, oil services companies are up against low prices and a supply glut, and streaming platforms set their sights on video games and podcasts.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Plus: The Bureau of Labor Statistics says it is bringing back some workers to publish the consumer-price index for September. And, a federal judge blocks President Trump from deploying National Guard members to Illinois for two weeks, citing the potential for civil unrest. Kate Bullivant hosts.  Sign up for WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

The value of the U.S. dollar has been on the rise after months of decline. Political turmoil abroad has hurt other currencies, while easing rates and resilience at home have helped stabilize the dollar. However, investors are still cautious. Also in this episode: the Bureau of Labor Statistics' “birth-death” model suggests the economy may be weakening, silver prices surpass a 45-year record, and Delta posts solid Q3 results by catering to the upper class.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

The value of the U.S. dollar has been on the rise after months of decline. Political turmoil abroad has hurt other currencies, while easing rates and resilience at home have helped stabilize the dollar. However, investors are still cautious. Also in this episode: the Bureau of Labor Statistics' “birth-death” model suggests the economy may be weakening, silver prices surpass a 45-year record, and Delta posts solid Q3 results by catering to the upper class.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

On Tuesday, the nomination of ⁠E.J. Antoni⁠, the Chief Economist at The Heritage Foundation, to become the next Commissioner of the Bureau of Labor Statistics, was withdrawn. In his first long-form interview since his withdrawal, Antoni joins ⁠“The Signal Sitdown”⁠ for an inside look at life as a presidential nominee and the problems with our economic data that President Donald Trump is trying to solve. When Antoni met with the president in the Oval Office upon his ⁠nominatio⁠n, the biggest piece of advice that Trump gave him was “always tell the truth.”  In the months since ⁠President Donald Trump⁠ nominated him for the position in August, Antoni has lived the unique life of a presidential nominee—constant meetings on Capitol Hill, continued preparation for the nominated role in the administration, and very little sleep. But, day after day, Antoni took the president's words to heart and told Senators the hard truths about our economy and our economic data. Antoni explained why the BLS is in desperate need of reform, ”The problems were starting to surface, really, many, many years ago with things like people just not responding to government surveys anymore. Those response rates have been steadily trending down,” ⁠Antoni told The Daily Signal⁠.  Keep Up With The Daily Signal   Sign up for our email newsletters:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://www.dailysignal.com/email⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠     Subscribe to our other shows:    The Tony Kinnett Cast: ⁠https://megaphone.link/THEDAILYSIGNAL2284199939⁠ The Signal Sitdown: ⁠https://megaphone.link/THEDAILYSIGNAL2026390376⁠   Problematic Women:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠https://megaphone.link/THEDAILYSIGNAL7765680741⁠   Victor Davis Hanson: ⁠https://megaphone.link/THEDAILYSIGNAL9809784327⁠     Follow The Daily Signal:    X:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠https://x.com/intent/user?screen_name=DailySignal⁠ Instagram:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://www.instagram.com/thedailysignal/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  Facebook:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://www.facebook.com/TheDailySignalNews/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  Truth Social:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://truthsocial.com/@DailySignal⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  YouTube:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠https://www.youtube.com/dailysignal?sub_confirmation=1⁠    Subscribe on your favorite podcast platform and never miss an episode. Learn more about your ad choices. Visit megaphone.fm/adchoices

After Republicans refuse to negotiate with Democrats on extending Affordable Care Act subsidies, the government shuts down. Dan and Alex Wagner, Pod Save America's newest contributor, discuss what Democrats will need to do to hold the line; Project 2025 architect Russ Vought's attacks on blue states and federal employees; and the Democratic-Republican messaging fight that's devolved into an AI-fueled meme war. Then, the two break down Trump's threats — and Hegseth's grievances — at an unprecedented meeting of the military's top brass, Trump's new political demands for universities, and some much-needed good news about free speech, Fed Chair Lisa Cook, and the Bureau of Labor Statistics. Get tickets to CROOKED CON November 6-7 in Washington, D.C at http://crookedcon.com Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Because of the government shutdown, the Bureau of Labor Statistics will not release its monthly unemployment and jobs survey today. But that's probably not a big deal to President Donald Trump, who has apparently decided that the best statistics are the ones that either say what he wants to hear, or are simply never heard at all.  The most expensive extreme weather events, which facilities are creating the most pollution, quarterly reports, incidents of domestic terrorism, the number of people who need food assistance…these are all statistics Americans need to know. And these are all forms of data under attack by the Trump administration. And this started long before the shutdown. America has been a world leader at collecting data on everything from the number of bison living in Plains states to the divorce rate – but our data supremacy might be coming to an end. And that's really, really bad, for reasons we might not even know yet. So to find out more about the stats we're losing, and what else we're losing in the process, we spoke to Denice Ross. She's a senior fellow at the Federation of American Scientists and former U.S. Chief Data Scientist for the Biden administration.And in headlines, President Donald Trump determines the US is in an “armed conflict” with drug cartels, the Trump administration punishes a slew of blue states by cancelling nearly $8-billion in grants for their clean energy projects, and the lastest update in the Kilmar Abrego Garcia case.Show Notes:Call Congress – 202-224-3121Subscribe to the What A Day Newsletter – https://tinyurl.com/3kk4nyz8What A Day – YouTube – https://www.youtube.com/@whatadaypodcastFollow us on Instagram – https://www.instagram.com/crookedmedia/For a transcript of this episode, please visit crooked.com/whataday Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

A.M. Edition for Oct. 3. The government shutdown means the Bureau of Labor Statistics isn't issuing its monthly jobs report, but WSJ's Justin Lahart explains how alternative statistics from private firms are helping to fill the gap. Plus, Vladimir Putin scoffs at claims that Russia is behind drone incursions, as new sightings cancel flights overnight. And, Taylor Swift's latest album shatters download records. Kate Bullivant hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: The continuing government shutdown means the Bureau of Labor Statistics will not release its usual monthly jobs report today. And, Munich Airport reopens after several drone sightings grounded flights overnight. Kate Bullivant hosts. Sign up for WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

In a government shutdown, the Bureau of Labor Statistics cannot issue its monthly employment report; without that federal data, economists are combining state data and private data like the ADP report to paint an accurate picture of the country's labor market. President of the Chicago Federal Reserve Austan Goolsbee explains the gaps in an economic picture painted without federal data, and considers what's next for the central bank's monetary policy. The $20 billion AI startup Perplexity is out with a new browser, called “Comet.” Founder and CEO Aravind Srinivas views the tool as more of a personal AI assistant, and maps out his vision for a future with AI. Plus, Apple has removed apps that track ICE agents from the App Store, and California Governor Gavin Newsom is threatening to pull billions of dollars in state funding from any California university that signs on to President Trump's proposal to offer preferential access to federal funding.  Aravind Srinivas - 12:41Austan Goolsbee - 25:19 In this episode:Aravind Srinivas, @AravSrinivasAustan Goolsbee, @Austan_GoolsbeeSteve Liesman, @steveliesmanJoe Kernen, @JoeSquawk Becky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Inside Economics team welcomes Lisa Simon, Chief Economist at Revelio Labs, for an unusual jobs Friday podcast as the ongoing government shutdown prevented the release of the September employment report. Lisa details the new public labor statistics data that Revelio Labs began publishing recently in the wake of turmoil at the Bureau of Labor Statistics. The team discusses how private data sources can help fill in the gaps left by the temporary absence of government data and also dissects the current state of the labor market.Guest: Lisa Simon – Chief Economics, Revelio LabsFor more about Lisa Simon, click here: https://www.reveliolabs.com/author/lisa-k-simon/Explore the risks and realities shaping the economy in our new webinar, now streaming for free.U.S. Economic Outlook: Under Unprecedented UncertaintyWatch here: https://events.moodys.com/mc68453-wbn-2025-mau25777-us-macro-outlook-precipice-recession?mkt_tok=OT…Hosts: Mark Zandi – Chief Economist, Moody's Analytics, Cris deRitis – Deputy Chief Economist, Moody's Analytics, and Marisa DiNatale – Senior Director - Head of Global Forecasting, Moody's Analytics Questions or Comments, please email us at helpeconomy@moodys.com. We would love to hear from you. To stay informed and follow the insights of Moody's Analytics economists, visit Economic View. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Thursday, October 2nd, 2025Today, Republicans and Trump have shut down the government but construction on the Trump White House Ballroom will continue; federal employees are sent propaganda about Democrats being at fault for the shutdown; YouTube pays Trump a giant bribe; the Pentagon is planning widespread polygraphs and non-disclosure agreements; the White House has withdrawn the nomination of the Bureau of Labor Statistics as the jobs numbers for August are revised downward; New York is suing the Department of Homeland Security for defunding the police; as we predicted the Supreme Court is allowing Lisa Cook to remain in her job on the Federal Reserve Board with oral arguments set for January; and Allison and Dana deliver your Good News.StoriesU.S. companies shed 32,000 jobs in September in latest sign of labor market weakness | NBC NewsWhite House withdraws Trump's controversial nominee to lead BLS after ousting predecessor over jobs data | CNN PoliticsYouTube to pay $22 million for White House ballroom to settle lawsuit from Trump | CBS NewsNew York sues over DHS cutting counterterrorism funding to state | Spectrum News 1Supreme Court allows Lisa Cook to remain on Fed board for now | The Washington PostPentagon plans widespread random polygraphs, NDAs to stanch leaks | The Washington Post | The Washington PostFederal Workers Are Being Told to Blame Democrats for the Shutdown | WIREDGood TroubleAnonymous consumer:While there may not be any truly ethical consumption (except maybe The Beans, PBS, and the TMBG catalog) some spending is definitely more ethical. If you're having trouble figuring out what to boycott or where to spend your money, try checking out the unionlabel.org website! You can find lists of where to buy and where not to buy! Don't Buy | Union Label and Service Trades Department, AFL-CIOCheck with your local unions to see their buy/don't buy lists, too.Good luck!**Vote Yes 836 - Oklahoma**OCTOBER 18 - NoKings.org, Leave some notes around town to spread the word.**California needs your help | Proposition 50 Vote YES !! Yes On Prop 50 | Special Election Phone Banks - mobilize.us**Help ensure safety of public servants. Hold RFK Jr accountable by signing the letter: savehhs.org, @firedbutfighting.bsky.social on Bluesky**SIGN THE STATEMENT OF SOLIDARITY for the FEMA Katrina Declaration.**How to Organize a Bearing Witness Standout**Fire Kilmeade - foxfeedback@foxnews.com, Submit a request – Fox News**Indiana teacher snitch portal - Eyes on Education**Find Your Representative | house.gov, Contacting U.S. SenatorsFrom The Good Newsunionlabel.orgVote Yes 836 - OklahomaGOOD TASTE RecordsHow You Can Write or Call the White HousePatrons Sponsoring Patrons - The Daily Beans(Mark your calendar for November 14th, 2025 - Chicago, Illinois - Dana)Our Donation LinksNational Security Counselors - DonateMSW Media, Blue Wave California Victory Fund | ActBlueWhistleblowerAid.org/beansFederal workers - email AG at fedoath@pm.me and let me know what you're going to do, or just vent. I'm always here to listen. Find Upcoming Actions 50501 Movement, No Kings.org, Indivisible.orgDr. Allison Gill - Substack, BlueSky , TikTok, IG, TwitterDana Goldberg - BlueSky, Twitter, IG, facebook, danagoldberg.comMore from MSW Media - Shows - MSW Media, Cleanup On Aisle 45 pod, The Breakdown | SubstackReminder - you can see the pod pics if you become a Patron. The good news pics are at the bottom of the show notes of each Patreon episode! That's just one of the perks of subscribing! patreon.com/muellershewrote Our Donation LinksNational Security Counselors - DonateMSW Media, Blue Wave California Victory Fund | ActBlueWhistleblowerAid.org/beansFederal workers - feel free to email AG at fedoath@pm.me and let me know what you're going to do, or just vent. I'm always here to listen. Find Upcoming Actions 50501 Movement, No Kings.org, Indivisible.orgDr. Allison Gill - Substack, BlueSky , TikTok, IG, TwitterDana Goldberg - BlueSky, Twitter, IG, facebook, danagoldberg.comCheck out more from MSW Media - Shows - MSW Media, Cleanup On Aisle 45 pod, The Breakdown | SubstackShare your Good News or Good TroubleMSW Good News and Good TroubleHave some good news; a confession; or a correction to share?Good News & Confessions - The Daily Beanshttps://www.dailybeanspod.com/confessional/ Listener Survey:http://survey.podtrac.com/start-survey.aspx?pubid=BffJOlI7qQcF&ver=shortFollow the Podcast on Apple:The Daily Beans on Apple PodcastsWant to support the show and get it ad-free and early?The Daily Beans | SupercastThe Daily Beans & Mueller, She Wrote | PatreonThe Daily Beans | Apple Podcasts Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Rich Zeoli Show- Full Episode (10/01/2025): 3:05pm- At midnight on Tuesday, the U.S. government officially shutdown after Senate Democrats refused to agree to a continuing resolution. While Democratic Senators Catherine Cortez Masto (NV) and John Fetterman (PA) voted with Republicans to pass the CR, the vote fell short of the necessary 60-vote threshold. According to rumors, Senate Minority Leader Chuck Schumer is reluctant to negotiate a deal with Republicans—hoping to prove his progressive credentials in order to stave off a potential primary challenge from Alexandria Ocasio Cortez. 3:30pm- During a Wednesday press briefing, Vice President JD Vance and White House Press Secretary Karoline Leavitt explained that Democrats have shut down the government as part of their fight to provide free healthcare to migrants residing in the United States illegally. 3:50pm- While discussing the New Jersey gubernatorial race on Fox News, Dana Perino cited Rich—so, we'll be playing that clip multiple times today. 4:05pm- During a Wednesday press briefing, Vice President JD Vance and White House Press Secretary Karoline Leavitt explained that Democrats have shut down the government as part of their fight to provide free healthcare to migrants residing in the United States illegally. 4:20pm- Did the government shutdown include audio on Capitol Hill? Chuck Schumer had some technical difficulties during an interview on Wednesday. 4:40pm- Will artificial intelligence kill us all (or at least take our jobs)? Rich and Justin are slightly concerned—Matt says he's a big believer in economist Joseph Schumpeter's theory of “creative destruction” and suggests we'll all be made better off in the long run. PLUS, Matt reviews 2001: A Space Odyssey and Alien—he didn't like either (infuriating everyone). And an autonomous Waymo vehicle gets pulled over for suspected drunk driving. Who gets the ticket? 5:00pm- Following the government shutdown, Senator Elizabeth Warren (D-MA) baselessly claimed that Republicans want to “take the wheelchair from your neighbor with a disability.” Meanwhile, Rep. Nancy Pelosi (D-CA) yelled at a reporter for suggesting Rep. Alexandria Ocasio Cortez (D-CA) is directing the shutdown from behind the scenes. 5:15pm- During a press conference on Wednesday, House Minority Leader Hakeem Jeffries dabbled in hyperbole as well—accusing Republicans of stealing “food from the mouths of hungry children” 5:20pm- In posts to social media, President Trump shared satirical memes of Hakeem Jeffries and Chuck Schumer wearing sombreros with mariachi music playing in the background. Democrats and media members have labeled the memes as “deep fakes”—but they're comically fake! No one would ever confuse them for anything other than edited. Vice President JD Vance joked: “I'll tell Hakeem Jeffries right now—I make this solemn promise to you, that if you help us reopen the government, the sombrero memes will stop.” 5:40pm- Dr. EJ Antoni—Chief Economist at The Heritage Foundation—joins The Rich Zeoli Show! He discusses the withdrawal of his nomination to lead the Bureau of Labor Statistics and explains that he simply didn't have the necessary number of Senators who were willing to meet with him. Rich emphasizes: “It's a loss for the good guys & a loss for the country.” Plus, Dr. Antoni weighs-in on the ongoing government shutdown. 6:05pm- At midnight on Tuesday, the U.S. government officially shutdown after Senate Democrats refused to agree to a continuing resolution. While Democratic Senators Catherine Cortez Masto (NV) and John Fetterman (PA) voted with Republicans to pass the CR, the vote fell short of the necessary 60-vote threshold. According to rumors, Senate Minority Leader Chuck Schumer is reluctant to negotiate a deal with Republicans—hoping to prove his progressive credentials in order to stave off a potential primary challenge from Alexandria Ocasio Cortez. 6:30pm- Did Rich mention that Dana Perino cited him on Fox Ne ...

The government is officially shut down after Congress failed to pass a spending agreement before last night’s midnight deadline. PBS News reports on how government services could change during this period. Trump and Defense Secretary Pete Hegseth addressed an unusual gathering of hundreds of U.S. military leaders in Virginia. Idrees Ali, Pentagon reporter for Reuters, joins to talk about what Trump and Hegseth said and some key policy changes coming out of the meeting. Many TV and radio stations are reeling after Congress passed Trump's bill gutting federal public-media funding. The Washington Post’s Scott Nover breaks down how it will reshape the airwaves. Plus, Trump withdrew his pick to lead the Bureau of Labor Statistics, a judge sided with international students detained by ICE over campus activism, and how scientists tricked skin cells into becoming human eggs. Today’s episode was hosted by Shumita Basu.

The Rich Zeoli Show- Hour 3: 5:00pm- Following the government shutdown, Senator Elizabeth Warren (D-MA) baselessly claimed that Republicans want to “take the wheelchair from your neighbor with a disability.” Meanwhile, Rep. Nancy Pelosi (D-CA) yelled at a reporter for suggesting Rep. Alexandria Ocasio Cortez (D-CA) is directing the shutdown from behind the scenes. 5:15pm- During a press conference on Wednesday, House Minority Leader Hakeem Jeffries dabbled in hyperbole as well—accusing Republicans of stealing “food from the mouths of hungry children” 5:20pm- In posts to social media, President Trump shared satirical memes of Hakeem Jeffries and Chuck Schumer wearing sombreros with mariachi music playing in the background. Democrats and media members have labeled the memes as “deep fakes”—but they're comically fake! No one would ever confuse them for anything other than edited. Vice President JD Vance joked: “I'll tell Hakeem Jeffries right now—I make this solemn promise to you, that if you help us reopen the government, the sombrero memes will stop.” 5:40pm- Dr. EJ Antoni—Chief Economist at The Heritage Foundation—joins The Rich Zeoli Show! He discusses the withdrawal of his nomination to lead the Bureau of Labor Statistics and explains that he simply didn't have the necessary number of Senators who were willing to meet with him. Rich emphasizes: “It's a loss for the good guys & a loss for the country.” Plus, Dr. Antoni weighs-in on the ongoing government shutdown.

In our news wrap Wednesday, the Supreme Court is letting Federal Reserve Governor Lisa Cook stay in her role for now, the White House pulled its nominee to lead the Bureau of Labor Statistics, residents of a Bronx apartment building were unharmed after an explosion caused part of the high-rise to collapse and Hurricane Imelda is heading toward Bermuda. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

Ralph answers some of your recent questions about the genocide in Gaza, how to jumpstart civic engagement, and more!Your feedback is very important. And the more detailed and factual it is, the better off the impact will be by your initiative and getting back to us. You have to be active in a program like this. Because we're not just talking to the choir here. We want the choir to sing back—in affirmation or dissent.Ralph NaderI was astonished…how disinterested the American people are in empowering themselves. That's the problem we have. The lack of civic motivation, the lack of saying, “Look, we've given our power to only 535 people in the Congress, and they've turned it against us on behalf of some 1,500 corporations. We're going to turn it around. We're the sovereign power.” As I've said a hundred times, the Constitution starts with “We the people,” not “We the Congress” or “We the corporations.” And the people don't seem to want to focus on that. If they had anyone in their neighborhood and community who were treating them the way Congress is treating them—as voters, as workers, as consumers, as parents, as children, as taxpayers—they would never allow it.Ralph NaderYou get more and more voters vulnerable to just what comes out of a politician's mouth. Remember, everything Trump has achieved politically has come out of his mouth—not out of his deeds, just out of his mouth. Repeatedly, unrebutted largely over the mass media, and faithfully relayed to the American people by a supine media which points out his mistakes once in a while, but it was too little, too late.Ralph NaderNews 9/26/25* This week, the campaign for Palestinian statehood notched major victories. According to the BBC, the United Kingdom, France, Canada, Australia and Portugal all announced on Sunday that they would recognize the state of Palestine. They are expected to be joined by a number of smaller states, including Belgium, Luxembourg, Malta, Andorra and San Marino. These countries, all traditionally close allies of the United States and Israel, join the 140 countries that already recognize the State of Palestine. A statement by Australian Prime Minister Anthony Albanese explains that this move is “part of a co-ordinated international effort to build new momentum for a two-state solution, starting with a ceasefire in Gaza and the release of the hostages.” These heads of state are pursuing this policy despite a thinly veiled threat from Congressional Republicans, a group of whom – including Senator Ted Cruz and Representative Elise Stefanik – sent a letter to President Macron and Prime Ministers Starmer, Carney and Albanese warning them of possible “punitive measures in response,” and urging them to “reconsider,” per the Guardian.* In more Palestine news, as the Global Sumud Flotilla draws near to the coast of Gaza, they are apparently under low-level attack. Al Jazeera reports the flotilla, “has reported explosions and communications jamming as drones hovered overhead.” In response, the United Nations has called for a probe, with UN Human Rights Office spokesperson Thameen Al-Kheetan stating, “There must be an independent, impartial and thorough investigation into the reported attacks and harassment by drones and other objects.” In response to this harassment, Reuters reports Italian Defence Minister Guido Crosetto expressed the “strongest condemnation” and ordered the “Italian multi-purpose frigate Fasan, previously sailing north of Crete, to head towards the flotilla ‘for possible rescue operations', focusing primarily on Italian citizens.” The strong response by the Italian government is likely related to the labor unrest the targeting of the flotilla has engendered within the country. ANSA, a leading Italian news outlet, reports the Unione Sindacale di Base or USB “would proclaim a wildcat general strike and protests in 100 Italian cities for Gaza after the success of Monday's stoppage and protests involving an estimated 500,000 people in 80 cities.” The union has organized these massive protests under the slogan “let's block everything.”* In more foreign policy news, following on the heels of the protests in Nepal, anti-corruption protestors took to the streets in the Philippines this week, Time reports. The acute cause of these protests was a recent audit which found widespread corruption in the country's flood control projects. The Philippines has invested around $9.5 billion on such projects since 2022, but these have been plagued by kickback schemes, resulting in shoddy work and even deaths. Even President Ferdinand Marcos Jr., aka “Bongbong,” sympathized with the protestors, saying “Do you blame them for going out into the streets? If I wasn't President, I might be out in the streets with them…Of course, they are enraged. Of course, they are angry. I'm angry. We should all be angry. Because what's happening is not right.” The potency of these protests is likely to grow as the Philippines was hit this week by Typhoon Ragasa, which is reported to have killed three Filipinos this week, per NBC.* For our final foreign policy update, just days after the dubiously-legal strikes that killed 11 Venezuelans on a boat the U.S. claims was being used to transport drugs, Venezuelan President Nicolas Maduro sent a letter to American special envoy Richard Grenell, per CNN. In this letter, Maduro denies any involvement with narco-trafficking, calling the allegations “fake news, propagated through various media channels,” and calling for Trump to “promote peace through constructive dialogue and mutual understanding throughout the hemisphere.” Trump brushed off Maduro, saying “We'll see what happens with Venezuela,” perhaps implying a renewed attempt to remove the Venezuelan president. Since then, the U.S. has conducted more of these lethal strikes, with no conclusive proof of the victims' criminality. The U.S. government is offering a $50 million bounty for Maduro's arrest.* Moving northward, a disturbing story comes to us from Florida. The Miami Herald reports, “As of the end of August, the whereabouts of two-thirds of more than 1,800 men detained at Alligator Alcatraz during the month of July could not be determined.” Speaking to the paper, attorneys characterized entering the facility as entering “an alternate [immigration] system where the normal rules don't apply.” This story cites one case of a man “accidentally deported to Guatemala before a scheduled bond hearing,” similar to the Kilmar Abrego Garcia case, and a Cuban man supposedly transferred to a facility in California but who could not be located there. This kind of disappearing of migrants adds fuel to the fire of the worst suspicions about the administration's immigration policies. The Florida facility was forced to halt operations after a court ruling in August, but an appeals court has now overruled that ruling. The future of the site and its detainees remains uncertain.* In another instance of what appears to be a cover-up by the Trump administration, NPR reports the Department of Agriculture will “end a longstanding annual food insecurity survey.” In a statement, the USDA called the report “redundant, costly, politicized, and extraneous.” This removes another crucial data tool, following the discontinuation of the Bureau of Labor Statistics' jobs report Trump ended just weeks ago. The signature legislation of Trump's second term thus far, the One Big Beautiful Bill, expanded work requirements for the Supplemental Nutrition Assistance Program, or SNAP, which is estimated to cut food aid to 2.4 million Americans. That will surely add to the 47.4 million food insecure households recorded in 2023. Crystal FitzSimons, president of the Food Research and Action Center (FRAC), told NPR “The national food insecurity survey is a critical, reliable data source that shows how many families in America struggle to put food on the table…Without that data, we are flying blind.”* And in another assault on the regulatory state, the Supreme Court this week allowed Trump to keep Rebecca Slaughter – the last remaining Democrat on the Federal Trade Commission – out of her post for another three months. POLITICO reports the high court is reviewing a 90-year-old law which “limit[s] the president's power to fire…officials for political reasons.” According to this report, many expect the conservative majority on the court will rule that that law “unconstitutionally interferes with the president's ability to control the executive branch.” If so, Trump will be able to remove Slaughter permanently – along with any other remaining Democrats within the regulatory apparatus.* On the media front, ABC – and its parent company, Disney – have balked, reinstating Jimmy Kimmel's late night television program after abruptly suspending the show last week. Kimmel, in his return, clarified that “it was never my intention to make light of the murder of a young man,” but excoriated the ABC affiliates who took his show off the air, calling the move “un-American.” This from AP. Theories abound as to why exactly ABC and/or Disney walked back what seemed like a cancellation; these include a potential costly lawsuit due to wrongful termination of Kimmel's contract, as well as a coordinated boycott campaign targeting Disney's streaming service, Disney+. For his part, President Trump washed his hands of the fiasco, writing that Kimmel can “rot in his bad Ratings,” per New York Magazine.* In tech news, Axios reports the Trump administration has approved Grok, Elon Musk's AI chatbot, for official use by every government agency. This news comes via a press release from the General Services Administration. This release quotes Musk, who says “We look forward to continuing to work with President Trump and his team to rapidly deploy AI throughout the government for the benefit of the country.” This comes after an August 25th letter in which a coalition of over 30 consumer groups – such as Public Citizen, Consumer Federation of America, and the Center for AI and DigitalPolicy – urged the Office of Management and Budget, led by Russell Vought, to “take immediate action to block the deployment or procurement of Grok.” Among the concerns cited in this letter are Grok's penchant for generating “conspiratorial and inflammatory content, including accusations that South Africans were committing a ‘white genocide'...Expressing ‘skepticism' about historical consensus of the Holocaust death toll and espousing Holocaust denial talking points…[and] Referring to itself as ‘MechaHitler'.” It remains to be seen what, if any, next steps opponents can take to halt the incorporation of Grok into the daily functions of the federal government.* Finally, Adelita Grijalva has won the Arizona 7th congressional district special election in a landslide. According to preliminary reports, she swamped her Republican opponent Daniel Butierez by nearly 40 points, according to Newsweek. This is a substantially larger margin than that won by Kamala Harris in 2024, who won the district by 23 points, which itself was a 10-point decline from Joe Biden, who won the district by 33 points in 2020. Grijalva's ascension to the House will further winnow away the Republicans' razor-thin majority in that chamber, bringing the margin to 219-214. She could also prove to be the critical 218th vote in favor of releasing the Epstein files. Adelita is the daughter of Raúl Grijalva, who passed away earlier this year. The elder Grijalva was widely considered one of the most progressive House Democrats, being the first member of Congress to endorse Bernie Sanders in his 2016 campaign and the second to call for Joe Biden to withdraw from the 2024 presidential race. Hopefully, the new Representative Grijalva will fill those big shoes.This has been Francesco DeSantis, with In Case You Haven't Heard. Get full access to Ralph Nader Radio Hour at www.ralphnaderradiohour.com/subscribe

Our Global Head of Thematic and Fixed Income Research Michael Zezas and our U.S. Public Policy Strategist Ariana Salvatore unpack the market and economic implications of a looming government shutdown.Read more insights from Morgan Stanley.----- Transcript ----- Michael Zezas: Welcome to Thoughts on the Market. I'm Michael Zezas, Morgan Stanley's Global Head of Fixed Income Research and Public Policy Strategy. Ariana Salvatore: And I'm Ariana Salvatore, U.S. Public Policy Strategist. Michael Zezas: Today, our focus is once again on Washington – as the U.S. government fiscal year draws to a close and a potential government shutdown hangs in the balance.It's Friday, September 26th at noon in New York. Ariana we're just four days away from the end of the month. By October 1st, Congress needs to have a funding agreement in place, or we risk a potential shutdown. To that point, Democrats and Republicans seem far apart on the deal to avoid a shutdown. What's the state of play? Ariana Salvatore: Right now, Republicans are pushing for what's called a clean continuing resolution. That's a bill that would keep funding levels flat while putting more time on the clock for negotiators to hammer out full fiscal year appropriations. And the CR they're proposing lasts until November 21st. Democrats, conversely, are seeking to tie government funding to legislative compromise in other areas, including the enhanced Obamacare or ACA subsidies, and potential spending cuts to Medicaid from the One Big Beautiful Bill Act, which Republicans signed earlier this year. Remember, even though Republicans hold a majority in both chambers, this has to be a bipartisan agreement because of exactly how thin those margins of control are. But Mike, it seems as we get closer, investors are asking more infrequently whether or not a shutdown is happening – and are more interested in how long it could potentially last. What are we thinking there? Michael Zezas: So, it's hard to know. Shutdowns typically last a few days, but sometimes there are short as a few hours, sometimes as long as a few weeks. Historically, shutdowns tend to end when the economic risk, and therefore the attached political risk gets real. So, consider the 35-day shutdown under President Trump in this first term. The compromise that ended it came quickly after there was an air traffic stoppage at New York's LaGuardia Airport – when 10 air traffic controllers who weren't being paid failed to show up for work. So, we think the more relevant question for investors is what it all means for economic activity. Our economists have historically argued that a government shutdown takes something like 0.1 percent off of GDP every single week it's happening. However, once employees go back to work, a lot of times that effect fades pretty quickly. Now it's important to understand that this time around there could be a wrinkle. The Trump administration is talking about laying employees off on a durable basis during the shutdown. And that's something that maybe would have more of a lasting economic impact. It's hard to know how credible that potential is. There would almost certainly be court challenges, but it's something we have to keep our eye on that could create a more meaningful economic consequence. Ariana Salvatore: That's right. And there are also some really important indirect macroeconomic effects here. Like delayed data releases. Much of the federal workforce, to your point, will not be working through a shutdown – which could impede the collection and the release of some key data points that matter for markets like labor and inflation data, which come from BLS, the Bureau of Labor Statistics. So, assuming we're in this scenario with a longer-term shutdown. Obviously, we're going to see an increase in uncertainty, especially as investors are looking toward each data print for guidance on what the Fed's next move might be. What do we expect the market reaction to all of this to be? Michael Zezas: Well, the obvious risk here is that markets might have to price in some weaker growth potential. So, you could see treasury yields fall. You could see equity markets wobble; be a bit more volatile. It could be that those effects are temporary, though. And that volatility could easily be amplified by having to price risk in the market without the data you were talking about, Ariana. So, investors could overreact to anecdotal signals about the economy or underweight some real risks that they're not seeing. So, that's why even a short shutdown can have outsized market effects. Well, Ariana, thanks for taking the time to talk.Ariana Salvatore: Great speaking with you, Mike. Michael Zezas: And to our audience, thanks for listening. If you enjoy Thoughts on the Market, please leave us a review wherever you get this podcast and tell your friends about it. We want everyone to listen.

Federal prosecutors file a murder charge against the repeat offender accused of stabbing 23-year-old Iryna Zarutska to death on a Charlotte light-rail train. Mayoral front-runner Zohran Mamdani doubles down on his support for abolishing New York City's gang database, a move law enforcement says would undercut crime-fighting tools. The Bureau of Labor Statistics issues the largest annual jobs revision in history, showing the truth about Biden's economy last year. New filings reveal Alexandria Ocasio-Cortez's campaign spent thousands of small-dollar donations on luxury hotels during her “Fighting Oligarchy” tour. Cozy Earth: Luxury shouldn't be out of reach. Go to https://cozyearth.com/MEGYNfor up to 40% off. Lean: Visit https://TakeLean.com & use code MK for 20% off

Israel hits Hamas in Qatar, the Bureau of Labor Statistics slashes job numbers, and Congress hears testimony on Unidentified Anomalous Phenomena. Get the facts first with Morning Wire. Thumbnail Image: Anadolu via Getty Images. - - - Wake up with new Morning Wire merch: https://bit.ly/4lIubt3 - - - Today's Sponsor: SelectQuote - Save more than 50% on term life insurance at https://SelectQuote.com/morning - - - Privacy Policy: https://www.dailywire.com/privacy morning wire,morning wire podcast,the morning wire podcast,Georgia Howe,John Bickley,daily wire podcast,podcast,news podcast Learn more about your ad choices. Visit megaphone.fm/adchoices