Wall Street Breakfast IT outage grounds Alaska fleet again
6 snips
Oct 24, 2025 A major IT outage has grounded Alaska Airlines flights, causing widespread cancellations and postponed earnings discussions. Target announces a significant downsizing, cutting 1,800 corporate jobs as part of a restructuring move. Investors are eagerly anticipating the upcoming CPI report, which could influence the Federal Reserve's decisions. The podcast also touches on market trends, including Trump's halted trade negotiations with Canada and Intel's positive quarterly results.
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Airline IT Outage Grounds Fleet
- Alaska Airlines grounded all flights due to an IT outage that halted operations and prompted passengers to check flight status.
- The outage canceled more than 220 flights and forced Alaska to postpone its Q3 2025 earnings call.
Target Implements Corporate Headcount Cuts
- Target will cut 1,800 corporate roles and remove about 800 open positions to stay more agile.
- U.S. corporate staff were asked to work remotely next week while notifications are completed.
CPI Return Ahead Of Fed Meeting
- The September CPI release resumes official economic data after delays caused by the government shutdown.
- This CPI reading is the last major data point before the Federal Reserve's policy meeting next week.