Business News

AM Business Notebook 

For: October 2, 2025

>>Today On Wall Street 

(New York, NY)  --  The opening bell rings this morning after stocks closed higher on Wall Street yesterday.  This comes despite the government shutting down.  At the closing bell, the Dow Jones Industrial Average gained 43 points to 46-441.  The S&P 500 rose by 22 points to 67-11.  The Nasdaq gained 95 points to 22-775.  

 

>>Shutdown Rolls On 

(Washington, DC)  --  We're entering another day of a partial United States government shutdown.  After the funds stopped flowing just after midnight Wednesday, lawmakers held procedural votes on two competing funding measures, which both failed.  The shutdown is likely to last until at least Friday as senators have left town in observance of the Jewish holiday Yom Kippur.  With things at a standstill for now, some Congressional lawmakers are asking for their pay to be withheld during the government shutdown.  Among them: Republican Senator Ted Cruz, Democratic Senator Andy Kim, and Republican Representative Elise Stefanik. 

 

>>ADP Reports 32K U.S. Jobs Lost

(Roseland, NJ)  --  New employment data  from ADP is adding to growing concerns about the labor market.  The payroll processing company reports 32-thousand jobs were shed in September which marked a surprising decline.  The weak labor report comes after some recent gross domestic product and unemployment claims offered a slightly more positive outlook for the economy and Wall Street estimates expected growth of 45-thousand jobs.  The Bureau of Labor Statistics was set to publish the official government jobs report Friday, but with a shutdown underway, ADP may be the only jobs data reported this week.  Today's weekly jobless claims report is also off the calendar.  

 

>>Trump Administration Delays 100% Tariff On Drugmakers

(Washington, DC)  --  The Trump administration is delaying a 100-percent tariff that it threatened to impose on drugmakers. Last week the president took to Truth Social and announced that the administration would enforce the tariff unless a drugmaker is in the process of building a manufacturing plant in the U.S. While the tariff is currently delayed, a White House official has emphasized the president's commitment to lowering drug prices. Officials say the new tax is still being prepared as the administration engages in negotiations with pharmaceutical companies. 

 

>>Apple TV+ Keeping Peanuts Rights Through 2030

(Cupertino, CA)  --  Charlie Brown, Snoopy and the rest of the Peanuts gang are sticking around Apple TV-plus.  The streamer announced Wednesday that it extended the deal to be the exclusive streaming home of Peanuts content through 2030.  That includes new material as well as classics like "It's the Great Pumpkin, Charlie Brown," and "A Charlie Brown Christmas," among others.  Apple TV-plus notes that non-subscribers will also have a chance to see holiday specials for free on select dates. This comes as Thursday marks the 75th anniversary of the first Peanuts comic strip to be printed.  
 

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