For: October 28, 2025
>>Watching Wall Street
(New York, NY) -- The opening bell rings this morning after stocks closed higher yesterday, reaching record highs on hopes of a U.S.-China trade deal. Stocks jumped with the tech sector leading the way after President Trump said he expects to clinch a trade deal with China President Xi Jinping [[ she jeen-peeng ]] this week. Nvidia, Broadcom, Tesla and Apple all rose more than two percent. At the closing bell, the Dow Jones Industrial Average gained 337 points to 47-544. The S&P 500 rose 83 points to 68-75. The Nasdaq climbed 432 points to 23-637.
>>Shutdown Continues
(Washington, DC) -- The Senate went without a vote Monday as the government shutdown rolls on without a clear path to an end in sight. Funding for food assistance is set to run out on Saturday, affecting over 40-million Americans. Senate Democrats are pressing Republicans to take up the issue of Affordable Care Act subsidies, which are scheduled to expire at the end of the year, a move that could double average out-of-pocket premium costs. Republicans, however, insist that the government must reopen before any negotiations take place. Over 700-thousand federal employees remain furloughed, while essential workers continue to report for duty without pay. Monday saw almost seven-thousand flight delays as air traffic control towers deal with staffing issues during the shutdown.
>>Fed Expected To Cut Rates This Week
(Washington, DC) -- The Federal Reserve is widely expected to cut interest rates this week. The Fed kicks off its two-day meeting in Washington, DC today with an announcement on a possible cut coming Wednesday. The group has indicated it will announce a cut, following a string of poor labor market reports, coupled with news that inflation has slowed. The Fed's cut has a trickle-down effect on consumers, lowering mortgage, credit card and auto loan interest rates.
>>Amazon, Paramount Announce Layoffs
(Seattle, WA) -- Amazon is expected to start laying off as many as 30-thousand corporate workers starting today. The jobs represent nearly ten-percent of the company's corporate workforce. Amazon CEO Andy Jassy said over the summer that using artificial intelligence would let the company operate with fewer human employees. Paramount also announced around a thousand layoffs to take effect Wednesday with another thousand at some time in the near future.
>>Striking Union Members Make Counteroffer To Boeing
(St. Louis, MO) -- The International Association of Machinists and Aerospace Workers is making a counteroffer to Boeing after striking members in the St. Louis area rejected its latest contract. The union's offer would shorten the contract from five years to four and more than double the ratification bonus, but also drops their demand of an eight-percent 401-K match. The proposal comes after a vote on Boeing's latest offer last Sunday that the company claims failed by one-percent. Over 32-hundred workers have been on strike since early August.
>>Cinemark To Add 70mm IMAX Screens In 2026
(Plano, TX) -- Cinemark and IMAX are teaming up to open more rare 70 milimeter screens next year. This comes ahead of Christopher Nolan's highly anticipated "The Odyssey" hitting theaters in July. Nolan's preferred format is IMAX 70 millimeter, with the first showings of "The Odyssey" in the rare format already sold out. The new theaters will be located in the Chicago suburb of Woodridge, Colorado Springs and Rochester, New York. There are currently just 30 IMAX 70 millimeter theaters in the world.
