Nicholas Brown

Thank god my grandparents already stock up on pasta and have 2-3 dozen boxes in the fridge.

AI Is Upending Jobs. Corporate Tech and HR Are Teaming Up to Figure It Out. IT and HR departments are coming together to manage the workforce disruption wrought by AI—and quell employee fears around the technology.

AI Is Upending Jobs. Corporate Tech And HR Are Teaming Up To Figure It Out. - WSJ

The Heritage Foundation goes from MAGA to MEGA — Make Europe Great Again On the agenda: pro-natalism, freedom of expression, opposing trans rights and fighting Chinese influence.

The Heritage Foundation Goes From MAGA to MEGA — Make Europe Great Again – POLITICO

Tesla's Cybertruck head quits after eight years

Bill funding Congress would bolster member security, spare GAO from steep cuts The fiscal 2026 legislation could clear Congress alongside an agreement to end the government shutdown.

(POLITICO) - A bipartisan agreement to fund Congress and congressional support agencies for the entirety of the current fiscal year would boost funding for member security and saves the nation’s top federal watchdog from dramatic cuts.

Congress finalizes first piece of funding package to sweeten shutdown endgame The initial release of the legislation would fund veterans programs and military construction through September 2026.

(POLITICO) - Lawmakers have released text for one piece of a three-bill government funding package — a key ingredient in a possible deal to end the shutdown that’s going on for 40 days.

Fed’s Williams Sees Balancing Act for Next Rate Meeting, FT Says Federal Reserve Bank of New York President John Williams said financial strain among lower and middle-income Americans could threaten the US economy’s resilience, even as wealthier households benefit ...

Fed’s Williams Sees Balancing Act For Next Rate Meeting, FT Says - Bloomberg

Trump’s Tax Cuts Are Exposing Companies to Biden’s Tax Hike Democrats’ older alternative minimum tax claws back billions of dollars in savings from the newer GOP law.

(WSJ) - Large companies are running into a problem as they try to claim some of the tax cuts that the Republican Congress passed this summer: They can’t escape the corporate tax increase that Democrats passed three years ago.

Bessent Says Trump’s $2,000 ‘Dividend’ May Come Via Tax Cuts Treasury Secretary Scott Bessent said President Donald Trump’s suggestion that Americans may receive a tariff “dividend” of at least $2,000 could come via the tax cuts passed in his signature economic...

Bessent Says Trump’s $2,000 ‘Dividend’ May Come Via Tax Cuts - Bloomberg

Corporate Earnings Were Great This Quarter. Wall Street Is Still Not Impressed. Four of five S&P 500 companies are beating estimates, but investors aren’t rewarding them for their performance.

Corporate Earnings Were Great This Quarter. Wall Street Is Still Not Impressed - WSJ

China lifts ban on exports of some dual-use materials to the US The move covers exports of gallium, germanium and antimony, which are used in advanced semiconductors and in military applications.

(POLITICO) - China suspended a ban on exporting some dual-use materials to the U.S., the Chinese Ministry of Commerce announced on Sunday, following the easing of trade tensions between the two sides.

Exclusive | Visa and Mastercard Near Deal With Merchants That Would Change Rewards Landscape The deal under discussion would lower credit-card interchange fees for merchants, but could make it harder for consumers to use rewards cards at the register.

$V $MA | Visa And Mastercard Near Deal With Merchants That Would Change Rewards Landscape - WSJ

US officials to boycott G20 summit in South Africa, Trump says Trump had already said he wouldn’t attend the summit, but the boycott would pull the US from the conference entirely.

(POLITICO) - U.S. government officials will not attend this year’s G20 summit in South Africa, President Donald Trump said Friday, as the president continues to rail against the host country’s alleged discrimination of its white citizens.

APOLLO: “Equity returns over the past five years are all about the Magnificent Seven versus everyone else.”

[Slok]

Trump Asks Justice Department to Probe Meatpackers Over Prices President Donald Trump asked the Justice Department to start an investigation into the meatpacking industry, accusing them of “driving up the price of Beef through Illicit Collusion, Price Fixing, and...

(Bloomberg) - President Donald Trump asked the Justice Department to start an investigation into the meatpacking industry, accusing them of “driving up the price of Beef through Illicit Collusion, Price Fixing, and Price Manipulation.”

Exclusive | Samsung Wants to Launch a U.S. Credit Card and Challenge Apple in Consumer Finance The South Korean tech giant and Barclays are in advanced talks to launch a credit card, with both seeking bigger inroads into Americans’ financial lives.

Samsung Wants To Launch A U.S. Credit Card And Challenge Apple In Consumer Finance - WSJ

(Reuters) - Google's YouTube said it is open to negotiating a fair deal with Disney to restore the entertainment giant's networks to its YouTube TV pay‑TV service, while it accused Disney of misrepresenting facts and seeking higher rates than rivals and its own smaller platforms.

$GOOGL $DIS

When you lose Fox News about prices, maybe the “greatest economy in history” wasn’t all that great after all.

Senate Republicans eye vote on federal worker pay The legislation from Sen. Ron Johnson pays federal employees working during the shutdown and active-duty troops.

(POLITICO) - Senate Republicans are eyeing a Friday vote on legislation that would pay some federal employees and active-duty troops amid the record-setting government shutdown.

Wendy’s to Close Hundreds of Stores as Consumers Cut Restaurant Spending Wendy’s logged lower sales and profit for the third quarter as consumers continue to cut their spending at restaurants.

$WEN | Wendy’s To Close Hundreds Of Stores As Consumers Cut Restaurant Spending - WSJ

Republicans Reject Shutdown Offer as Travel, Food Aid Delays Hit Senate Republicans on Friday rejected Democrats’ offer to scale back their shutdown demands to a one-year extension of expiring health care subsidies, prolonging a stalemate that has disrupted air tra...

US Shutdown: Republicans Reject Democrats' Demands As Travel, SNAP Delays Hit - Bloomberg

Democratic leader offers deal to reopen federal government, with 1-year ACA tax credit extension

Democratic leader offers deal to reopen federal government, with 1-year ACA tax credit extension

@cnbc.com

From “the highest consumer confidence in over two years” to “nearing the lowest level ever”.

FAA Disruptions Could Rise to 20% if Government Shutdown Continues Transportation Secretary Sean Duffy said as the air-traffic controllers miss paychecks, more might start to miss their shifts

(WSJ) - Transportation Secretary Sean Duffy said that flight cancellations could rise to 15%—or even 20%—if the government shutdown continues.

I know right. They both don’t age! It’s amazing!

Luckily class was canceled and I got to watch Yinz today!

Trump administration seeks emergency stay of court's order to fund SNAP U.S. District Court Judge John McConnell Jr. ordered the Trump administration to pay full SNAP benefits by Friday.

(POLITICO) - The Trump administration has filed a motion seeking an immediate stay of a federal judge’s order directing the Agriculture Department to use emergency funding to pay full food stamp benefits for November.

Mag 7 $MAGS worst week since April, bearish engulfing, -4.3% to kick off November.

*UMICH NOV. CONSUMER SENTIMENT AT 50.3, LOWEST SINCE JUNE 2022

Airlines most exposed to the impacted airports, via Goldman.

$JETS