Wall Street News Roundup: Taylor's Banner Weekend, Charlie Javice Goes to Prison and Government Shutdown Watch

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Money Rehab with Nicole Lapin 11 min 1 speaker 8 chapters transcribed 2 months ago
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What are the biggest stories on Wall Street affecting my wallet?

Nicole Lapin 0:02
I'm Nicole Lappin, the only financial expert you don't need a dictionary to understand. It's time for some money rehab. All right. It is time for a roundup of the biggest stories on Wall Street and how they're going to affect you and your wallet. With the government shutdown absolutely dominating the news cycle, it's easy for other stories to get glossed over. I will give you an update on what's going on in Washington, but I'll also tell you what else you need to know, like why Charlie Javis is headed to prison, why the SEC is suing Tai Lopez's company, and the real reason that you're not going to pay tariffs on Life of a Showgirl. But first, a quick message from our sponsors. i am so excited you head up to big sur with my husband this fall we are celebrating our anniversary and while i will miss the little mush so much uh we are also really excited to have a little parents time we deserve that but you know it got me thinking about this feeling when you walk out of the door for a trip and you wonder
Nicole Lapin 1:02
what your blaze is doing while you're gone. Well, it turns out it could be working for you.

What is the latest update on the government shutdown?

Nicole Lapin 1:06
I've been hosting on Airbnb for forever now, and I tell all my friends to do the same because it's an amazing way to make passive income from an asset you already have, your home. But some of my friends who are super busy worry that hosting on Airbnb would feel like having a second job. And that's when I tell them about Airbnb's co-host network. Anything you don't have the bandwidth to do, a co-host can handle for you. They can create your listing, manage reservations, manage guests, provide onsite support, even handle design and styling. So whether you're traveling for work or you're escaping the winter, or if you have a second place that just sits empty way too often, your home doesn't have to sit on the sidelines.
Nicole Lapin 1:45
Instead, you can earn a little extra cash without adding another job to your plate. Find a co-host at airbnb.com slash host. What is your bank doing for you? And how much is it costing you? That's a serious question because if they're charging you $8 a month with zero extra services, I've got to stage an intervention here. What are you paying them for anyway to hold your money for you? You deserve better. That's what I love about Chime. There are no monthly fees, no maintenance fees. My younger self would have definitely benefited from this. It's not just the no fees thing. It's what they have to offer you, too. If you set up direct deposit, you can get paid up to two days early automatically. And with qualifying direct deposits, you're eligible for free overdraft up to $200 on debit card purchases and cash withdrawals.

Why is Charlie Javice going to prison?

Nicole Lapin 2:30
Plus, they have over 47,000 fee-free ATMs. So seriously, ask yourself, what is your bank doing for you? And just how much are they charging you to do it? And if the math isn't mapping, think about making a change. Work on your financial goals through Chime today. Open an account in just two minutes at Chime.com slash MNN.
Chime feels like progress. Okay, now for the headlines.
Nicole Lapin 3:04
I'll get the government shutdown update over with because there's not a lot of there there yet, unfortunately. The government shutdown is barreling toward its eighth day with no off-ramp on site.

What was the verdict in the Frank scandal involving Charlie Javice?

Nicole Lapin 3:14
On Monday, the Senate rejected two proposals to fund the government, one from the Democrats and one from the Republicans, marking the fifth failed vote to end the impasse. At the heart of the standoff here is health care. Democrats want to tie any funding bill to the extension of enhanced Obamacare subsidies, while Republicans argue that that debate should wait until the end of the year. And when that time comes, they will probably say no again. Anyway, President Trump has publicly framed the shutdown as a political win for the GOP. But behind closed doors, concerns are reportedly mounting within his camp over the potential fallout, especially as he threatens more federal layoffs if the deadlock drags on.
Nicole Lapin 3:53
While President Trump momentarily floated the idea of negotiations, he quickly walked it back and said that Democrats must first agree to reopen the government before any health care deal is on the table.

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