Wall Street Breakfast Markets smell a deal in D.C.
12 snips
Nov 10, 2025 Stock index futures soar as a Senate vote moves toward a government reopening. Taiwan Semiconductor sees a YoY revenue increase but at a slower pace than expected. Rumble makes headlines with a $767 million acquisition of a German AI firm. Meanwhile, NVIDIA's CEO pushes for more chip supply amid booming demand in the AI sector. The podcast also discusses the implications for air travel amidst potential shutdown woes and highlights some notable stock movers in the market.
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Markets React To Senate Progress
- Markets rallied as Senate passed a procedural vote to reopen the government, lifting futures notably across indexes.
- Analysts expect a rapid release of delayed economic data that could reshape near-term market moves once the shutdown ends.
Stopgap Deal Has Limits
- The stopgap deal funds many departments through the fiscal year and extends others to January 30, while not guaranteeing ACA subsidy extensions.
- Experts warn the economy may rebound after reopening but could also suffer lingering damage from this shutdown.
TSMC Revenue Growth Slows
- TSMC's October revenue rose 16.9% YoY, slowing sharply from September's 39.6% jump and marking the slowest pace since February.
- Despite the slowdown, TSMC shares have climbed about 45% year-to-date and analysts expect sales to increase ~16% this quarter.