Julie Morgan
๐ค SpeakerAppearances Over Time
Podcast Appearances
This is now the longest U.S.
government shutdown on record.
However, odds are suggesting that the end could be near.
As we enter day 36 of the shutdown, odds of it prolonging have come down.
Betting on the prediction market, Polymarket now has the shutdown ending on November 13th, earlier than the previous prediction of the 29th of November.
As the shutdown was inching towards becoming the longest one,
Talks accelerated to resolve issues and let the closure come to an end.
A key reason for the shutdown is that Democrats are opposed to the Republicans' plan not to extend Affordable Care Act's tax credits for next year.
If that were to happen, many individuals who obtain their health coverage through state insurance exchanges are likely to face drastically higher premiums without the subsidy.
The drop in the odds on the prediction markets coincided with a high-stakes day on Tuesday that saw the first major elections of Trump's second term.
Millions of voters headed to the polls to decide key gubernatorial statewide and local races.
Many analysts and experts see the elections as a test for Trump and believe they could set the tone for the midterms next year.
And one of the big stories you'll see today is the race for mayor in New York City.
Democratic Socialist Mamdani beat Andrew Cuomo, who ran as an independent.
We're breaking down what this means for Wall Street in the Wall Street Breakfast newsletter.
There's a link to sign up for the newsletter in the show notes section.
The Justice Department gives an all-clear to Wiz and Alphabet for the latter to acquire the former.
The Israel-based cloud security company will be acquired by Alphabet in a deal valued at about $32 billion.
It'll be Alphabet's largest acquisition.
The CEO of Wiz said definitely this is an important milestone, but they're still in the journey between signing and closing.