Wall Street Breakfast Record shutdown meets election day
6 snips
Nov 5, 2025 The U.S. government shutdown hits a historic 36 days, with predictions of an imminent resolution. Alphabet secures DOJ approval for its largest acquisition yet, buying Wiz for $32 billion. Cryptocurrency takes a hit, with Bitcoin nearing $100K and Ether erasing its annual gains. The aftermath of the NYC mayoral race raises questions about its Wall Street impact. Meanwhile, US-China tariff suspensions and other market-moving news make headlines, alongside significant updates from major companies like Novo Nordisk and Uber.
AI Snips
Chapters
Transcript
Episode notes
Shutdown Nears End As Betting Odds Shift
- The U.S. government shutdown became the longest on record but markets see an end approaching via prediction-market odds.
- Political decisions over ACA tax credits are central to closing the impasse and market expectations shifted after recent elections.
Alphabet Clears Regulatory Hurdle For Wiz Deal
- The DOJ cleared Alphabet's acquisition of Wiz, paving the way for Alphabet's largest-ever deal at about $32 billion.
- Regulators had reviewed antitrust concerns but the deal now moves from signing toward closing.
Crypto Pullback Wipes Out Recent Gains
- Bitcoin plunged about 20% from its record high and briefly fell below $100,000, signaling a move into bear-market territory.
- Ether wiped out year-to-date gains and broader crypto liquidations surged amid tariff-related market fears.