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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.
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
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.
Accunet Mortgage & Realty Show 10-11-2025: Market Insights and Client Success## Government Shutdown and Economic DataThe recent government shutdown left mortgage professionals without critical data like the jobs report. However, Bureau of Labor Statistics employees were recalled to complete the September Consumer Price Index report—needed for Social Security cost-of-living adjustments. This matters because CPI measures inflation, the primary driver of mortgage rates.## Global Markets Impact Your RateJapanese political developments unexpectedly moved U.S. mortgage rates this week. Coalition negotiations caused rates to rise Monday, then fall Friday when the coalition collapsed. While you shouldn't track Tokyo politics, this shows how rates reflect complex global factors beyond local conditions.## Rate Options: No Single AnswerThere's no single “rate today.” Borrowers choose different approaches—some pay no points, others buy down their rate. The decision depends on loan size, equity, timeline, and cash preferences. Choose what aligns with your financial strategy.## Southeastern Wisconsin MarketSeptember sales rose 3% year-over-year to 1,546 transactions, though 20% below pre-pandemic levels. About 60-65% of homeowners have rates under 4%, creating a “lock-in effect.”Median prices rose 7% to $362,500, but single-family homes ($390,000, up 10%) outpaced condos ($280,000, up 1.5%). Inventory is improving—new listings exceeded closings by 583 homes, creating a 2.5-month supply (still a seller's market but trending toward balance).Competition remains steady: 46% of homes sold above asking. With inflation stabilizing, buyers may be more selective, letting good homes move fast while mediocre properties linger.## Success Story: Value Acceptance WinsA buyer transitioning from Illinois won with a $20,000 over-ask offer using strategic advantages:- **Value Acceptance**: Property qualified for no-appraisal at their offer price—eliminating risk and delays- **Proactive Communication**: Calling the listing agent to highlight this advantage- **Speed**: 10% down ready, committed to 2.5-week closeLesson: Combine financial readiness, strategic advantages, clear communication, and speed.## Smart Down Payment StrategyA buyer planning $43,000 down (12%) explored alternatives: Every $1,000 in down payment changed their monthly payment by only $6.50. Keeping $10,000 in savings costs about $65 monthly—roughly two restaurant deliveries.For homes needing work, having cash for repairs might outweigh minimal payment savings.**Balance Three Factors**: Money leaving savings, money remaining for reserves, and monthly payment comfort. The best choice depends on your situation, not generic rules.## Refinance RealityDon't wait for a full percentage point drop. On a $500,000 loan, even 0.5% saves $244 monthly—nearly $3,000 annually. Consider absolute savings and break-even timeline, not arbitrary rules.## Key TakeawaysMarkets are complex and globally connected. The best mortgage matches your specific cash position, income trajectory, and goals—not one-size-fits-all advice. Competitive success requires financial readiness, speed, and understanding advantages like value acceptance. Local dynamics matter most. Cash versus equity decisions should reflect your priorities and circumstances, helping you find what works best for your life and financial situation.
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
S&P Futures are edging flat to higher this morning as traders weigh headlines on inflation data and global trade. The Bureau of Labor Statistics has reportedly recalled some staff to prepare next week's inflation report — a sign that key economic data could still make its way out despite the ongoing government shutdown. Tensions between the U.S. and China are on the rise after Beijing introduced new docking fees for U.S. ships and launched a monopoly probe into Qualcomm. Meanwhile, optimism is returning in the Middle East as the Israel–Hamas peace proposal appears to be holding. On the earnings front, Applied Digital (APLD) is surging more than 20% after a strong report last night, Elastic (ESTC) is gaining following upbeat guidance from its Analyst Day, and eyes are on Fastenal (FAST) ahead of Monday's release. Tune in to NewsWare's Trade Talk for the latest market movers, catalysts, and headlines shaping today's session.
In this episode of The Ignorance Project, we take flight, literally and figuratively, with a conversation that challenges stereotypes and celebrates perseverance. ✈️Our guest is a Black pilot whose journey through the clouds is powered by discipline, mentorship, and unwavering faith. With fewer than 4% of U.S. pilots identifying as Black, his story sheds light on the barriers still present in aviation and the courage it takes to rise above them. (According to the U.S. Bureau of Labor Statistics, Black or African American individuals made up 3.6 % of employed aircraft pilots and flight engineers in 2023.) Bureau of Labor StatisticsFrom the first time he touched the controls of an aircraft to the moment he earned his wings, this episode is about representation, resilience, and realizing dreams others said were impossible.
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.
The ongoing government shutdown continues to dominate news cycles on a variety of fronts. One of its impacts last week was the lack of a national jobs report from the Bureau of Labor Statistics. In its absence, many are turning to alternative measures to monitor the health of the job market. ADP reported that private-sector employment declined by 32,000 jobs in September. The company processes the most payrolls in the U.S., and it estimated the companies with fewer than 50 employees took the brunt of the job losses, losing 40,000 jobs while larger companies added to payrolls. From an industry standpoint, the leisure and hospitality sector lost 19,000 jobs. Other sources, from Indeed's job listing platform to Wall Street analysts, tend to tell a similar story. The job market remains sluggish, if not fragile. On a positive note, layoffs are in a normal range, but an acceleration in the job market appears questionable in the near term. Explore our webpage for more insights and resources:https://bit.ly/Radix_WebsiteExplore our webpage for more insights and resources:https://bit.ly/Radix_Website
Free markets are a core principle of libertarianism, and data are a central element to furthering economic freedom.Accurate data are essential to researchers of all philosophies—liberal, conservative, and libertarian—and all researchers must rely on objective facts as a baseline to inform policy and have legitimate debate in the marketplace of ideas.For better or worse, the federal government is currently one of the main sources of economic data, and users must be able to rely on the objectivity of its data.Given recent events, is there a legitimate reason to rethink how government data are compiled? What is the role of private institutions? Are there changes that could be implemented to better serve the researchers who utilize the data most? William Beach and Erica Groshen, former heads of the Bureau of Labor Statistics, and Norbert Michel, vice president and director of the Cato Institute's Center for Monetary and Financial Alternatives, will address these questions.Please join us for this timely and important discussion, led by these influential thought leaders, about the data that inform the government's policies. Hosted on Acast. See acast.com/privacy for more information.
On this episode of The Rate Guy we explore the private data sources around the job market and what they might mean in the absence of official government statistics. We also talk about projected rate cuts and when they will likely happen. For those of you that want to read along with the stats here is the link to the Pensford Newsletter. And to see what JP's been up to in his spare time check out www.FireJamesFranklin.com
Before the government shutdown, the Bureau of Labor Statistics "Job Openings and Labor Turnover" report showed there 5.5% fewer open jobs last month than there was a year ago. Associate Professor of Economics at U of A, Evan Taylor, joined the show to explain why the job market looks the way it does and what's to expect in the third quarter.
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 ...
David Waldman is out introspecting today, as his Days of Awe end and our days of awful begin. A hidden conservative network bankrolls right-wing news. A dark money group is secretly funding Democratic influencers. Clearly, Mr. Waldman needs to get out more and make some more friends. Whether you were “politically correct”, “woke”, or “pinko”, the Right has always wanted you to shut up. Government has ended; Donald K. Trump burns the crops and salts the earth. Federal workers know who to blame but are told to blame the others. Lisa Cook remains at the Federal Reserve Board as her office window is just too low to throw her out of. E.J. Antoni however, can't run the U.S. Bureau of Labor Statistics, now that people found out what an asshole he is, and since “statistics” have been added to the Trump enemies list.
The government shutdown has silenced the Bureau of Labor Statistics, leaving investors without the monthly jobs report. But does Wall Street really need the BLS to keep moving? Lance Roberts & Michael Lebowitz explore what happens when government labor data goes missing, how traders adapt, and what alternative indicators might offer clues about the state of the economy. Lance and Mike also examine valuation metrics in the markets, and discuss claims that interest rates are still too high. Can the "AI Effect" sustaining markets and the economy continue into 2026? 0:19 - What the Economic Surprise Index is Saying 4:29 - Markets Hit All-time High. Again. 9:30 - When P/E Ratios are Elevated 12:25 - 1999 Valuations vs Now 13:52 - Is the AI Excitement Worth It? 17:47 - The Risk of Disappointment 21:57 - Government Shutdown Ramifications 24:03 - BLS vs ADP 27:31 - What JOLTS & IRS Data is Telling Us 33:44 - Stephen Miran - Are Rates Too High? 35:38 - The Fallacy of CPI 37:37 - Immigration Impact on Economic Growth 39:00 - The Natural Rate of Interest 41:26 - The Taylor Rule Explained 45:17 - Will AI Spending Be Able to Continue into 2026? 46:58 - The Resilience of the Market
The government shutdown has silenced the Bureau of Labor Statistics, leaving investors without the monthly jobs report. But does Wall Street really need the BLS to keep moving? Lance Roberts & Michael Lebowitz explore what happens when government labor data goes missing, how traders adapt, and what alternative indicators might offer clues about the state of the economy. Lance and Mike also examine valuation metrics in the markets, and discuss claims that interest rates are still too high. Can the "AI Effect" sustaining markets and the economy continue into 2026? 0:19 - What the Economic Surprise Index is Saying 4:29 - Markets Hit All-time High. Again. 9:30 - When P/E Ratios are Elevated 12:25 - 1999 Valuations vs Now 13:52 - Is the AI Excitement Worth It? 17:47 - The Risk of Disappointment 21:57 - Government Shutdown Ramifications 24:03 - BLS vs ADP 27:31 - What JOLTS & IRS Data is Telling Us 33:44 - Stephen Miran - Are Rates Too High? 35:38 - The Fallacy of CPI 37:37 - Immigration Impact on Economic Growth 39:00 - The Natural Rate of Interest 41:26 - The Taylor Rule Explained 45:17 - Will AI Spending Be Able to Continue into 2026? 46:58 - The Resilience of the Market
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
Plus: The White House withdraws its nominee to lead the Bureau of Labor Statistics. And, European pharmaceutical stocks jump after President Trump unveils a government-run website for consumers to buy drugs directly from manufacturers. Kate Bullivant hosts. Sign up for WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
Friday's employment report is unlikely to be released due to the government shutdown, the White House is pulling the nomination of economist E.J. Antoni to lead the Bureau of Labor Statistics, Tesla is raising lease prices for all its cars in the U.S. – following the expiration of a federal tax credit, Boeing is in line for a large government contract to build replacements for the bombs the U.S. dropped on Iran in June, and Character AI is removing Disney characters from its chatbot platform. Squawk Box is hosted by Joe Kernen, Becky Quick and Andrew Ross Sorkin. Follow Squawk Pod for the best moments, interviews and analysis from our TV show in an audio-first format. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Hours into the first government shutdown in over six years, Punchbowl News co-founder Jake Sherman reports on the path forward for both sides of the aisle. The Bureau of Labor Statistics will not release its monthly employment report amid the shutdown, sending economists and investors elsewhere for labor market data. CNBC's Steve Liesman shares September's ADP National Employment Report, and ADP's chief economist Nela Richardson explains how her metrics–along with other datasets–help paint a picture of the labor market. Richardson's takeaway: no matter the metric, hiring momentum has slowed. Plus, Berkshire Hathaway is reportedly exploring a purchase of Occidental Petroleum's petrochemical business, FTC is suing Redfin and Zillow over antitrust concerns, and Walmart is eliminating artificial dyes in its store brand food products. Jake Sherman - 03:41SteveLiesman - 14:10Nela Richardson - 22:03 In this episode:Nela Richardson, @NelaRichardsonJake Sherman, @JakeShermanSteve 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.
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.
Steve breaks down what to look for when you look at the Bureau of Labor Statistics report for the US economy. Georgia may be the 10th state to become income tax-free.
Why are Democrats so engaged in dangerous political acts against Republicans? Jimmy Kimmel had a huge audience on his first night back on ABC Tuesday. Mark takes your calls! Mark interviews economist Steve Moore. Steve breaks down what to look for when you look at the Bureau of Labor Statistics report for the US economy. Georgia may be the 10th state to become income tax-free.
Why are Democrats so engaged in dangerous political acts against Republicans? Jimmy Kimmel had a huge audience on his first night back on ABC Tuesday. Mark interviews economist Steve Moore. Steve breaks down what to look for when you look at the Bureau of Labor Statistics report for the US economy. Georgia may be the 10th state to become income tax-free. Former FBI Director James Comey is likely to be indicted soon in Virginia federal court for making false statements to Congress. The 2025 Ryder Cup will take place in Farmingdale, Long Island, this weekend. Mark interviews WOR host of 'Fox Across America' Jimmy Failla. The Democrats are making fun of Republicans' personalities, but the Democrats were the first party to display anger towards the other party. President Trump's ideas are driving the left crazy.
Why are Democrats so engaged in dangerous political acts against Republicans? Jimmy Kimmel had a huge audience on his first night back on ABC Tuesday. Mark interviews economist Steve Moore. Steve breaks down what to look for when you look at the Bureau of Labor Statistics report for the US economy. Georgia may be the 10th state to become income tax-free. Former FBI Director James Comey is likely to be indicted soon in Virginia federal court for making false statements to Congress. The 2025 Ryder Cup will take place in Farmingdale, Long Island, this weekend. Mark interviews WOR host of 'Fox Across America' Jimmy Failla. The Democrats are making fun of Republicans' personalities, but the Democrats were the first party to display anger towards the other party. President Trump's ideas are driving the left crazy. See omnystudio.com/listener for privacy information.
Steve breaks down what to look for when you look at the Bureau of Labor Statistics report for the US economy. Georgia may be the 10th state to become income tax-free. See omnystudio.com/listener for privacy information.
Why are Democrats so engaged in dangerous political acts against Republicans? Jimmy Kimmel had a huge audience on his first night back on ABC Tuesday. Mark takes your calls! Mark interviews economist Steve Moore. Steve breaks down what to look for when you look at the Bureau of Labor Statistics report for the US economy. Georgia may be the 10th state to become income tax-free. See omnystudio.com/listener for privacy information.
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
