Bloomberg Daybreak: US Edition Shutdown Continues with Senate Vote Expected; US-China Trade "Breakthrough"
Oct 3, 2025
Amid a government shutdown, the Senate prepares for a critical vote that could impact the economy. President Trump's job cuts create uncertainty for investors. On the trade front, a potential breakthrough in US-China talks looms, with China halting soybean imports as leverage. Boeing’s 777X faces delays leading to massive accounting charges, causing concerns for its future. Plus, exciting developments in AI infrastructure acquisitions could reshape the market landscape.
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Shutdown Deepens Economic Uncertainty
- The government shutdown entered day three with entrenched positions from both parties and a Senate vote expected on a stopgap bill.
- The standoff adds uncertainty for investors and delays key economic data like the payrolls report.
Jobs Data Gap Raises Fed Questions
- The shutdown postpones the monthly jobs report, removing a major data point for Fed-rate expectations.
- Investors must rely on private indicators like ADP and ISM for clues about hiring and policy direction.
Gold Soars As Markets Diverge
- Gold rallied for a seventh straight week, up over 45% year-to-date, reflecting safe-haven demand amid uncertainty.
- Stocks remained near record highs despite macro and political risks, indicating market bifurcation.