Scott Horsley

The terms of all 12 regional Fed presidents expire in February.

Those who decide to stay on will have to be confirmed by the Fed's Board of Governors here in Washington.

While President Trump will choose the next Fed chairman and any new members of the governing board, leaders of the regional Fed banks are chosen by regional boards of directors, typically drawn from local businesses.

Regional Fed bank presidents get a rotating vote on interest rates.

The president of the Atlanta Fed's next turn comes in 2027.

Scott Horsley, NPR News, Washington.

The six-week shutdown has been a drag on the U.S.

economy.

Congressional forecasters estimate it will shave about 1.5 percentage points off the annual growth rate in fourth-quarter GDP.

The government economists who tally GDP growth are among those furloughed by the shutdown.

We're still waiting for a readout on third-quarter economic growth that was supposed to come out two weeks ago.

One of the first economic reports we are likely to see once the shutdown ends is the September jobs report.

That was nearly finished when government number crunchers were told to stop working.

Stock and computer chip maker AMD opened higher after the company offered a rosy sales forecast driven by the growth of AI data centers.

Scott Horsley, NPR News, Washington.

Stock in the chip-making giant Nvidia opened lower after news that SoftBank sold its stake in the company for about $5.8 billion.

Some investors worry the artificial intelligence boom that's propelled Nvidia to stratospheric heights could be overblown.

Analysts say consumers in China are hunting for bargains rather than splurging on big-ticket items during this year's Singles Day promotion.

The event is seen as a gauge of consumer sentiment in China.

And Warren Buffett won't be writing his annual letter to shareholders once he steps down as Berkshire Hathaway's CEO later this year.