Government shutdown

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.

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.