For: October 6, 2025
>>Ahead Of The Bell
(New York, NY) -- The opening bell rings this morning after stocks closed mixed on Friday to close out the trading week. Stocks pared gains after the three major indexes hit all-time highs earlier in the session, while the Dow Jones Industrial Average and S&P 500 both closed at record highs. Declines in Tesla and Nvidia weighed on markets as the Senate rejected bills aimed at ending the government shutdown. At the closing bell, the Dow gained 238 points to 46-758. The S&P 500 rose a fraction of a point to 67-15. The Nasdaq lost 63 points to 22-780.
>>On This Week's Calendar
(Undated) -- Coming up in the business week ahead, the ongoing government shutdown will play a role in the data that's released. The latest reading on the U.S. trade deficit would normally come out on Tuesday, but that's being delayed. Minutes from the Federal Reserve's September meeting will be released the following day. The minutes provide critical insight into the central bank's thinking on interest rates but they're not considered official economic data so they should come out as normal. Thursday's weekly jobless claims will be held back without resolution of the shutdown but investors will hear from Fed Chair Jerome Powell as he delivers remarks to a banking conference in DC. The week wraps up with consumer sentiment data on Friday. That's released through the University of Michigan so the shutdown won't affect it.
>>Mostly Quiet As Q3 Earnings Season Nears
(Undated) -- As far as earnings go, things are relatively quiet today as we await Q3 reporting coming up this month. Noteworthy this week however are Delta Air Lines and Pepsi, both due to announce results on Thursday.
>>Layoffs Could Be On Horizon Amid Shutdown
(Washington, DC) -- National Economic Council Director Kevin Hassett confirms layoffs could be on the horizon amid the ongoing government shutdown. During an appearance on CNN's State of the Union, Hassett said the decision could be forced if talks continue to stall. Hassett called on Democratic lawmakers to show leadership and make a deal to end the shutdown. His comments come as President Trump has already promised federal layoffs and said he would use the shutdown to decide which "Democratic agencies" to close.
>>Prices Could Go Up After Refinery Explosion
(El Segundo, CA) -- Gas prices in Southern California and possibly beyond could see an increase after last week's explosion at a Chevron refinery. The explosion happened Thursday at a facility in El Segundo that provides about 20 percent of fuel for motor vehicles in the region. Analysts say it's too early to say what the impact could be at the pump, but a refinery fire in 2015 drove up gas prices about a dollar a gallon in California.
>>Costco To Discount Price Of Weight Loss Drugs
(Plainsboro, NJ) -- Costco will begin selling monthly supplies of Ozempic and Wegovy at a discounted price to uninsured members. Pharmaceutical company Novo Nordisk announced Friday that Costco will sell the weight loss drugs for 499-dollars as it has become increasingly popular for its health benefits. Nova Nordisk's U.S. president said the company wants to make sure it offers "real, authentic Wegovy and Ozempic where patients seek care." Costco previously offered Ozempic to members through its pharmacies, but it came at a much higher price of 16-hundred-dollars a month for those without insurance.
>>Broadway Strike Possible
(New York, NY) -- The shows might not go on if a Broadway strike takes place. The union representing more than 50-thousand professional actors and stage managers working in live theater has authorized the move if negotiations fail to result in a better contract. Talks are scheduled to resume on Wednesday after the current production contract expired last month. More than 28-hundred industry pros have signed an open letter backing the Actors' Equity Association and calling for Broadway shows to "pivot toward humane scheduling, including providing appropriate paid time off" and contributing toward the cost of health insurance.
>>CA Governor Signs Landmark Deal For Rideshare Driver Unions
(Sacramento, CA) -- California Governor Gavin Newsom has signed a landmark agreement that creates a path to unionization for Uber and Lyft drivers. On Friday, California became the second sate in the U.S., behind Massachusetts, where Uber and Lyft drivers can organize industry-wide for better pay and benefits like health insurance. As part of the agreement, Newsom also signed a second bill which drastically reduces insurance coverage requirements for the ride sharing companies.
>>Rite Aid To Close All Stores Nationwide
(Undated) -- Rite Aid has officially closed all of its stores, bringing an end to more than 60 years in business. The pharmacy chain confirmed the closures in a statement on its website, saying, "All Rite Aid stores have now closed. We thank our loyal customers for their many years of support." Rite Aid has struggled financially in recent years. The company filed for bankruptcy protection in May, just eight months after emerging from a previous Chapter 11 filing in September 2024.
