Government shutdown
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5 Things to Know Before the Stock Market Opens Friday
The market faced pressure due to regional bank concerns tied to loan quality highlighted by JPMorgan CEO’s comments. Zions and Western Alliance saw sharp declines. U.S.-China trade tensions and Bolton’s indictment added to uncertainty. Tariffs are projected to cost businesses $1.2 trillion. Apple is reportedly pursuing Formula 1 streaming rights. EssilorLuxottica credits Meta’s smart glasses for revenue growth, while Oracle benefited from a cloud deal with Meta.
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5 Things to Know Before the Stock Market Opens Wednesday
Five key developments are summarized: escalating US-China trade tensions with a potential cooking oil embargo; the financial sector preparing for earnings season; the ongoing government shutdown’s impact, including Treasury Department layoffs and airport disruptions; Boeing’s anticipated strongest delivery numbers since 2018; and the DOJ’s seizure of $15 billion in Bitcoin linked to a “pig butchering” scam, representing its largest forfeiture action. Additionally, JPMorgan survey results reveal differing economic perceptions based on income.
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NASA Employees on SpaceX Artemis Missions to Continue Work Through Shutdown
Despite the U.S. government shutdown, NASA is prioritizing its Artemis program, directing personnel working with SpaceX and Blue Origin to continue operations. Internal memos confirm that Artemis, along with the ISS and satellite missions, are considered essential. While NASA faces significant furloughs, roughly 3,000 employees will continue working, ensuring key projects like the Artemis lunar missions, including SpaceX’s Starship and Blue Origin’s lunar lander development, proceed despite the funding lapse. Artemis aims to send astronauts to the Moon, paving the way for future Mars missions.
