Business News

AM Business Notebook

For: October 31, 2025 

>>Ahead Of The Bell 

(New York, NY)  --  The opening bell rings this morning after stocks closed lower yesterday on Wall Street.  At the closing bell, the Dow Jones Industrial Average fell by 109 points to 47-522.  The S&P 500 lost 68 points to 68-22.  The Nasdaq dropped 377 points to 23-851. 

 

>>Major Airlines Call For End To Shutdown

(Washington, DC)  --  Major airlines are calling on Congress to end the shutdown and pay air traffic controllers.  The federal government shutdown is now in its 31st day, and U.S. air traffic controllers did not get their paycheck this week.  On Thursday, Delta said in a statement that missed paychecks only increase the stress on "essential workers, many of whom are already working mandatory overtime to keep our skies safe and secure."  Now Delta, United, American and Southwest airlines are all urging the U.S. Senate to "immediately pass a clean continuing resolution" that would pay federal employees.  

 

>>YouTube TV Pulls Disney Program As Deal Expires

(San Bruno, CA)  --  YouTube TV has stopped showing ABC and ESPN after the streamer failed to reach a deal with Disney.  The two networks and other Disney programming were pulled from YouTube late Thursday, just before the current deal expired at midnight.  "Variety" says the two sides remain far apart on a deal to keep Disney shows on the internet TV service.  The report says Disney is asking for rate hikes that Google, YouTube's parent company, isn't willing to agree to, and that YouTube is offering subscribers a one-time 20-dollar credit if the Disney channels remain blocked for an extended period of time. 

 

>>Bessent Says TikTok Deal Finalized

(Undated)  --  The U.S. and China are finalizing an agreement on a TikTok deal to keep the app available. According to Treasury Secretary Scott Bessent, officials finalized the deal while meeting in Malaysia, and Bessent expects to finally see the resolution in the "coming weeks and months." The deal seeks to limit the role of TikTok's China-based parent company, ByteDance, to comply with a 2024 law requiring the firm to divest from the platform or face a ban in the U.S. Under the agreement, President Trump and Chinese President Xi Jinping approved of TikTok spinning off into a separate U.S. entity, with the majority stake owned by American investors such as Oracle and Silver Lake.   

 

>>Financial Impact Of Boeing Strike Largely Unseen 

(St. Louis, MO)  --  Boeing's defense unit posted positive margins for the third quarter in a row this week despite an ongoing strike by thousands of workers at three facilities in the St. Louis area.  The strike has been going on for almost three months and has delayed delivery of fighter jets and other programs. 

 

>>Alabama State University Receives Biggest Donation To Date

(Montgomery, AL)  --  Alabama State University has received its biggest ever donation.  MacKenzie Scott has donated 38-million dollars to the college.  Scott is a philanthropist and the ex-wife of billionaire Amazon founder Jeff Bezos.  University President Dr. Quinton T. Ross Jr. called the donation a "defining moment in the history of Alabama State University."  The donation comes after Scott donated multi-million-dollar sums to two universities in Maryland earlier this month.

 

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