US Morning News Call | Government Shutdown Threatens September Jobs Report Release

Moomoo Breakfast US joined discussion · Sep 30 19:21

Before the Bell

On Tuesday, stock futures declined amid concerns over a potential U.S. government shutdown.

Futures tied to the $E-mini S&P 500 Futures (DEC5) (ESmain.US)$ fell 0.19%. $E-mini NASDAQ 100 Futures (DEC5) (NQmain.US)$ went down by 0.13%, and $E-mini Dow Futures (DEC5) (YMmain.US)$ went up 119 points, or 0.26%.

Top News

Trump Imposes New Tariffs on Lumber and Wooden Goods

President Donald Trump announced new tariffs, including a 10% duty on imported softwood lumber and timber, and a 25% tariff on certain wooden products such as kitchen cabinets and upholstered wooden furniture.

Government Shutdown Threatens September Jobs Report Release

A potential U.S. government shutdown, looming as Congress struggles to pass new funding legislation, could halt the release of the September jobs report and other critical economic data. The Bureau of Labor Statistics (BLS) has indicated that it would suspend operations and data releases if the government shuts down, which would impact decision-making for the Federal Reserve, businesses, and households.

Tesla Aims for Mass Production of Humanoid Robots by 2026, Targeting 1 Million Units by 2030

$Tesla (TSLA.US)$ AI has announced plans to significantly scale up its humanoid robot production. The company aims to introduce a third-generation model by the end of 2025 and commence mass production in 2026. Elon Musk projects an annual production of 1 million units by 2030.

OpenAI's H1 Revenue Reaches $4.3 Billion, Launches Instant Checkout with Etsy and Shopify

OpenAI posts $4.3 billion in revenue for H1 2025, up 16% from all of 2024, The Information reports. Additionally, OpenAI has introduced an instant checkout feature within ChatGPT, allowing U.S. ChatGPT Plus, Pro, and Free users to make single-item purchases directly from $Etsy Inc (ETSY.US)$ sellers and, soon, over a million $Shopify (SHOP.US)$ merchants.

Crypto News

$Bitcoin (BTC.CC)$went down 1.16%; $Ethereum (ETH.CC)$ went down 1.77%.

Bitcoin Wallet Holding $44 Million Moves Funds After 12 Years of Inactivity

A Bitcoin wallet containing approximately $44 million in cryptocurrency has moved its funds after remaining inactive for 12 years.

Market Events

Key Economic Events

10:00 AM JOLTs Job Openings

Key Earnings

After Market

The market anticipates $Nike (NKE.US)$ revenue of $10.99 billion, down 5.17% YOY, with EPS at $0.266, a 62.06% YOY decrease.

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