For: October 1, 2025
>>Ahead Of The Bell (New York, NY) -- The opening bell rings this morning after Wall Street closed higher yesterday to cap a positive month and quarter. All three major indexes locked in solid gains of one percent or more for September. At the closing bell, the Dow Jones Industrial Average gained 81 points to 46-397. The S&P 500 added 27 points to 66-88. The Nasdaq rose 68 points to 22-660.
>>Shutdown To Affect Pay Of Tens Of Thousands Of Federal Workers
(Washington, DC) -- Tens of thousands of federal workers are on furlough with a government shutdown now in effect. Congress failed to approve a new spending bill Tuesday night, leading to a shutdown just after midnight Eastern time. That means starting today, federal employees whose jobs do not protect life or property will be told not to come to work. Social Security, Medicare, Medicaid and the U.S. Postal Service will continue operating. Air traffic controllers, TSA agents, ICE officers, prison staff and active-duty military members are expected to continue working without pay, but will receive back pay when the shutdown is over.
>>U.S. Airlines Warn Shutdown May Slow Flights
(Washington, DC) -- U.S. airlines are warning that the government shutdown could cause flight delays for airports and travelers with air traffic controllers and TSA employees required to work without pay. According to reporting from Reuters, absences among controllers and security checkpoint workers rose after employees began skipping work when they were not getting paid during the last government shutdown in 2019 which lasted for 35 days.
>>Consumer Confidence Slips In September
(New York, NY) -- Consumer confidence edged lower in September. The Conference Board's confidence index fell more than three points to its lowest reading since April. Concerns about higher prices and inflation topped the list of worries for most Americans. Purchasing plans for cars weakened while buying intentions for homes jumped to a four-month high in September. The reading comes just ahead of an expected data blackout caused by a looming government shutdown at midnight.
>>Job Openings Held Steady In August
(Washington, DC) -- The number of job openings held steady in August. The Labor Department says seven-point-two million jobs were available last month which is slightly more than expected. According to the JOLTS report, there were fewer job openings in construction and the federal government. Meanwhile, the number of hires were little changed at five-point-one million while the number of layoffs held steady for the month.
>>Reports: White House Withdraws Antoni Nomination for BLS Post
(Washington, DC) -- There are multiple reports the White House has withdrawn the nomination of E.J. Antoni to run the Bureau of Labor Statistics. President Trump nominated Antoni after he fired the previous BLS commissioner, Erika McEntarfer. She was let go after a poor jobs report. Antoni is a conservative economist who had been backed by Trump ally Steve Bannon.
>>Daniel Ek Steps Down As Spotify CEO
(New York, NY) -- Daniel Ek is stepping aside as Spotify CEO. The music streaming giant announced Tuesday that Ek will transition to the role of Executive Chairman starting January 1st. Current senior officers Alex Norstrom and Gustav Soderstrom will become co-CEOs. They will report to Ek, who will now focus on Spotify's long-term direction. In a statement, Ek said he turned over a large part of the day-to-day management to Norstom and Soderstrom and they are "more than ready" to guide Spotify's next phase.
>>UAW: Volkswagen's Offer Falls Short
(Chattanooga, TN) -- The United Auto Workers may be going on strike in Chattanooga, Tennessee soon. Union bargainer Chuck Browning says Volkswagen's proposal falls short, calling it incomplete and difficult to comprehend. A strike isn't certain, but Browning says the UAW is hosting strike training meetings to prepare. The auto maker made its final offer to its union employees nearly two weeks ago. It offers a 20 percent pay raise across four years, lower healthcare premiums and more personal time off.
