Intro

MRKT Matrix - Wednesday, October 29th

• Dow drops 100 points, giving up gain after Powell signals Fed may not cut again this year (CNBC)
• Key Takeaways From Fed Decision to Cut Rate by Quarter Point (Bloomberg)
• Government Shutdown Has Already Cost US Economy $18 Billion This Year, CBO Says (Bloomberg)
• Tens of Thousands of White-Collar Jobs Are Disappearing as AI Starts to Bite (WSJ)
• GM lays off more than 1,700 at sites in Michigan, Ohio, citing EV challenges (CNBC)
• Blackrock Co-CIO Jeff Shen stays upbeat on U.S. stocks, sees opportunities abroad (CNBC)
• Fiserv stock craters 43%, on pace for worst day ever after company slashes guidance (CNBC)
• Eli Lilly, Walmart to offer first retail pickup option for discounted vials of weight loss drug Zepbound (CNBC)

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MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets

Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs