(POLITICO) - A bipartisan agreement to fund Congress and congressional support agencies for the entirety of the current fiscal year would boost funding for member security and saves the nation’s top federal watchdog from dramatic cuts.

(POLITICO) - Lawmakers have released text for one piece of a three-bill government funding package — a key ingredient in a possible deal to end the shutdown that’s going on for 40 days.

Fed’s Williams Sees Balancing Act For Next Rate Meeting, FT Says - Bloomberg

(WSJ) - Large companies are running into a problem as they try to claim some of the tax cuts that the Republican Congress passed this summer: They can’t escape the corporate tax increase that Democrats passed three years ago.

Bessent Says Trump’s $2,000 ‘Dividend’ May Come Via Tax Cuts - Bloomberg

Corporate Earnings Were Great This Quarter. Wall Street Is Still Not Impressed - WSJ

(POLITICO) - China suspended a ban on exporting some dual-use materials to the U.S., the Chinese Ministry of Commerce announced on Sunday, following the easing of trade tensions between the two sides.

$V $MA | Visa And Mastercard Near Deal With Merchants That Would Change Rewards Landscape - WSJ

(POLITICO) - U.S. government officials will not attend this year’s G20 summit in South Africa, President Donald Trump said Friday, as the president continues to rail against the host country’s alleged discrimination of its white citizens.

APOLLO: “Equity returns over the past five years are all about the Magnificent Seven versus everyone else.” [Slok]

(Bloomberg) - President Donald Trump asked the Justice Department to start an investigation into the meatpacking industry, accusing them of “driving up the price of Beef through Illicit Collusion, Price Fixing, and Price Manipulation.”

Samsung Wants To Launch A U.S. Credit Card And Challenge Apple In Consumer Finance - WSJ

(Reuters) - Google's YouTube said it is open to negotiating a fair deal with Disney to restore the entertainment giant's networks to its YouTube TV pay‑TV service, while it accused Disney of misrepresenting facts and seeking higher rates than rivals and its own smaller platforms. $GOOGL $DIS

When you lose Fox News about prices, maybe the “greatest economy in history” wasn’t all that great after all.

(POLITICO) - Senate Republicans are eyeing a Friday vote on legislation that would pay some federal employees and active-duty troops amid the record-setting government shutdown.

$WEN | Wendy’s To Close Hundreds Of Stores As Consumers Cut Restaurant Spending - WSJ

US Shutdown: Republicans Reject Democrats' Demands As Travel, SNAP Delays Hit - Bloomberg

Democratic leader offers deal to reopen federal government, with 1-year ACA tax credit extension @cnbc.com

From “the highest consumer confidence in over two years” to “nearing the lowest level ever”.

(WSJ) - Transportation Secretary Sean Duffy said that flight cancellations could rise to 15%—or even 20%—if the government shutdown continues.

(POLITICO) - The Trump administration has filed a motion seeking an immediate stay of a federal judge’s order directing the Agriculture Department to use emergency funding to pay full food stamp benefits for November.

Mag 7 $MAGS worst week since April, bearish engulfing, -4.3% to kick off November.

*UMICH NOV. CONSUMER SENTIMENT AT 50.3, LOWEST SINCE JUNE 2022

Airlines most exposed to the impacted airports, via Goldman. $JETS

“More than 700 U.S. flights were canceled as of 9 a.m. ET Friday, according to aviation data firm Cirium, about 3% of the total schedule for the day. Cancellations could ramp up from there..” @cnbc.com

(Reuters) - President Donald Trump on Thursday acknowledged that U.S. consumers are paying more for goods because of the tariffs he has set, a shift in rhetoric even as he insisted that the policy has benefited Americans overall.

$TSLA | Tesla shareholders approved a record-setting pay package for Chief Executive Elon Musk, a plan designed to motivate the world’s richest man with as much as $1 trillion in additional stock.

Fed's Hammack: My contacts suggest that the job market remains in a low-hiring, low-firing environment.

* U.S. FAA DRAFT ORDER SAYS AIRLINES MUST REDUCE OPERATIONS BY 4% AT 40 HIGH TRAFFIC AIRPORTS BY 6 AM ET FRIDAY - DOCUMENT * U.S. FAA DRAFT ORDER SAYS 10% REDUCTION IN OPERATIONS WILL TAKE EFFECT NOV 14 - DOCUMENT

Congressional Budget Office Believed To Be Hacked By Foreign Actor - Washington Post

S&P 500 ... 131 trading days > 50dma

US Holiday Spending Projected To Exceed $1 Trillion In 2025 - Bloomberg

I highly recommend these follows: @carlquintanilla.bsky.social @mikezaccardi.bsky.social @followtheh.bsky.social @gasbuddyguy.bsky.social @peark.es @ivanthek.bsky.social @hmeisler.bsky.social @weisenthal.bsky.social @conorsen.bsky.social @atrupar.com

(POLITICO) - The Trump administration will provide recipients of the nation’s largest food aid program with 65 percent of their monthly benefits in November, officials informed state agencies in a memo Wednesday night.

TIPS: Inflation-Protected Bonds Don’t Help You When Inflation Is High - WSJ

Very sad. He recovered the blocked punt for a TD on Monday night against the Cardinals.

(WSJ) - Discontent with the economy is once again proving to be the primary force in U.S. politics, defining elections in three states on Tuesday and punishing the party in power.

(Reuters) - U.S. President Donald Trump appealed directly to China's Xi Jinping to free jailed Hong Kong media tycoon Jimmy Lai when the two leaders met in South Korea last week, according to three people briefed on the talks and a U.S. official.

"greatest economy in the history of the world" U.S. HOUSING MARKET RECORD IMBALANCE — HOME SELLERS NOW OUTNUMBER BUYERS BY OVER 500,000, THE LARGEST GAP EVER RECORDED.

“Republicans are starting to contend with the fact that the president will soon be gone, and they'll be fending for themselves.”

Toyota, Honda turn India into car production hub in pivot away from China - Reuters

$AMZN | Amazon’s $300 Billion Jump Puts Stock Back In AI Conversation - Bloomberg

APOLLO: “Plotting the Warren Buffet indicator (US stock market cap to GDP) versus the Shiller cyclically adjusted P/E ratio shows that the S&P 500 today is at historically extreme valuations.” [Slok]

US Has Most October Layoffs In Over 20 Years On AI And Cost Cuts - Bloomberg

I highly recommend following @mikezaccardi.bsky.social — who’s relatively new to Bsky and is one of the sharpest, real-time market watchers around. 🔥

$SBUX | Starbucks workers union vote to authorize strike amid stalled talks - Reuters

FAA'S BEDFORD CONFIRMS FLIGHT CUTS AT 40 MAJOR AIRPORTS WILL BEGIN ON FRIDAY

*SENATOR MCCONNELL SAYS REPUBLICANS WON'T END THE FILIBUSTER

Mortgage applications down 5 of the past 6 weeks. $XHB

APOLLO: “Since earlier this year, earnings expectations have increased for the Magnificent Seven and declined for the S&P 493.” [Slok]