US President Donald Trump signed legislation to end the longest, 46-day government shutdown in US history. However it could still take days, or even weeks, for the federal bureaucracy to fully restart and dig out of the backlog after being closed since Oct. 1. Transportation Secretary Sean Duffy said he anticipates it could take as long as a week to start lifting flight restrictions at major airports. The shutdown fight has weighed on the US economy. The Congressional Budget Office last month projected a six-week government closure would lower real gross domestic product growth in the current quarter by 1.5 percentage points. A bit more than half of the loss may be recouped early next year as federal programs resume and government employees receive back pay, the CBO forecast.
Ukrainian President Volodymyr Zelenskiy implored EU allies to overcome their divisions on the use of frozen Russian assets. “I hope, God bless, we will get this decision,” Zelenskiy told Bloomberg Television in an exclusive interview late Wednesday in Kyiv. Otherwise, “We will have to find an alternative, it’s a question of our surviving. That’s why we need it very much. And I count on partners.” The EU has postponed until December a decision on tapping the Russian state assets to provide €140 billion in loans to Ukraine, which needs new funding by early next year.
Today’s guests: Toril Bosoni, IEA; Ralph Schlosstein, Evercore Chairman Emeritus & Blackrock Co-Founder
Chapters:
00:00:00 – The Pulse
00:00:54 – IEA Boosts Forecast of Record Oil Glut for a Sixth Month
00:02:06 – Record US Government Shutdown Ends
00:02:31 – Trump: People Should Buy Own Healthcare
00:05:29 – Toril Bosoni, IEA Head of Oil Markets
00:13:22 – Stocks Hold Gains as US Ends Govt Shutdown
00:14:39 – UK Economy Slows to 0.1% in 3Q
00:17:03 – UniCredit CEO: Need Larger, Stronger Banks
00:19:34 – Ralph Schlosstein, Evercore Chairman Emeritus & Blackrock Co-Founder
00:25:12 – Thursday Headlines
00:26:02 – EXCLUSIVE: Volodymyr Zelenskiy, Ukrainian President
00:33:41 – Palantir UK Head Louis Mosley on Defense Technology
00:34:54 – Franklin Templeton CEO Jenny Johnson on AI in Finance
00:36:42 – Siemens CEO: Investing in AI is Not New to Us
00:39:58 – UK Economy Slows to 0.1% in 3Q
00:48:04 – Longest US Government Shutdown Ends
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