WSJ Minute Briefing Expect Delays and Cancellations as Shutdown Shrinks Air Traffic
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Nov 6, 2025 Expect delays and cancellations as the FAA cuts traffic at major airports, impacting thousands of flights due to staff working without pay. A pivotal vote could make Elon Musk a trillionaire with a record pay package at Tesla. In housing news, a surge in unsold new homes signals a potential easing of the current market squeeze. Lastly, the latest market movements show mixed results across Asia and Europe, setting the stage for the U.S. earnings reports.
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Air Traffic Cuts Amid Shutdown
- The FAA ordered a 10% traffic reduction at 40 major airports as controllers work unpaid during a prolonged shutdown.
- Aviation analytics firm Sirium estimates up to 1,800 flights could be affected the next day, with duration unclear.
Huge Tesla Pay Package At Stake
- Tesla shareholders will vote on a pay package that could grant Elon Musk new stock worth about $1 trillion and a ~25% ownership stake.
- The award requires hitting a $2 trillion-plus market-cap ladder and operational milestones before it vests.
Unsold New Homes Rise To 2009 Levels
- The inventory of completed but unsold new homes has climbed to levels last seen in summer 2009, easing the housing supply squeeze.
- Builders face weak demand in Texas, Florida, the South, and California despite offering mortgages around 4% below market rates.