
Schwab Network The Economic Toll of the Historic Government Shutdown
John Luke Tyner joins Diane King Hall to discuss the ongoing government shutdown, now the longest in U.S. history. He believes it will impact the markets and the economy, with government employees and people receiving benefits "in a tough spot." John cites estimates of $15B a day in economic hits for each day the shutdown lingers on. Later, he discusses the legal battles affecting Pres. Trump's tariff plans pointing to potential inflationary actions if the government needs to refund companies on tariff revenue. John adds his thoughts on the Fed's rate cutting outlook heading into 2026.
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