What CEOs say about the government’s closure

Maybe. The impact of a closure will depend, of course, on its length and the reaction of those affected. Investors are not satisfied, but it could pass. While about three -quarters of federal employees are classified as “essential” workers who must stay at work, some may cease to present themselves if they are not paid. As another CEO pointed out yesterday, a series of TSA workers without presentation can allow boring security lines, but a dozen “sick” air traffic controllers can seriously disrupt air trips.

The United States has resisted 10 closures since the creation of the current fiscal policy in 1976.

This time, this time is that the DOGE cuts and the policy changes have already disrupted various aspects of government operations, subsidies to education for public health programs, making the “ordered closure” of another challenge to navigate. The main message of the CEOs that I reached yesterday: come back in a week or two.

While CEOs keep an eye on the economic impact of a closure, they must remain focused on the growth of their business, the recruitment of the best talents and the exploitation or development of revolutionary technologies in areas, ranging from energy specific to AI. This is why gatherings like the Fortune World Forum in Riyadh on the 26th^th and 27^th of this month are so important. This is an opportunity for managers to learn and connect with challenges and shared opportunities. Among the CEOs who join us Cristiano Amon of Qualcomm, Mohamed Jameel Al Ramahi, Ed Bastian de Delta, Abhijit Dubey de Ntt Data, Mary Callahan Erdoes of Jpmorgan Chase, Jll’s Christian Ulbrich, Bill Winters of Standard Charterd, Coher’s Aidan Gomez, Nokia Johnson de Franklin Templeton, Ivan Tornos by Zimmer Biomet, Tan Su Shan de DBS Group, Gilberto Tomazoni de JBS, Jonathan Ross de Groq and many others. You can consult more on the next forum here and click here to apply to attend.

Contact the CEO every day via Diane Brady in Diane.brady@fortune.com

Top news

Trump uses closure to reduce expenses, firefighters

“Republicans must use this opportunity to close a democrat to eliminate dead wood, waste and fraud. Billions of dollars can be saved “,” The president said about Truth Social. The director of the White House budget, Russell Vought, said that $ 26 billion in funding for previously approved programs was pendingA large part of which had been assigned to states or cities led by Democrats. Permanent layoffs should start the next day. The White House Use government agency websites To designate the closure as “led by the Democrats”.

In the United States to provide information to long-range strikes on Russia

More evidence than Trump’s break with Putin is serious: the WSJ reports that the White House has approved Intelligence With Ukraine which will help kyiv to make strikes deeply in Russia, potentially targeting the oil and electric infrastructure which feeds the invasion of Ukraine. Washington also plans to send Ukrainian long -term missiles, but has not made a final decision.

The Supreme Court delays the decision on Fed’s cuisine

The High Court judge That he will not resume the trial of Governor Lisa Cook against President Trump before January, after the lower courts have called the case. This decision is a potential signal that the Court is skeptical about the legal right of the White House to dismiss it.

Pimco: there are “cracks” on the company credit market

Pimco president Christian Stracke told CNBC that the private credit market for businesses looking for debt was going through a difficult patch. “We see real problems on the credit markets. There have been some high -level faults on credit markets – on public procurement – where it is very difficult for the company to negotiate with lenders to preserve the value of the company “,” He said.

Ralph Lauren’s turnaround

Ralph Lauren did not look at the relevance in the face when the veteran of Procter & Gamble Patrice Loucet take over As CEO and brought the fashion brand back to its luxury roots. Now, with profits at a 13 -year summit, Louvet says: “He must remain fresh.”

Two weeks of Bro-Co-Ceos

In the past two weeks, three large companies – Spotify, Oracle and Comcast – have added a CO -PDG to their corner office or replaced their CEO with a leadership duo. Fortune‘S Lila Maclellan describe The phenomenon like “Rise of the Bro-Co-Ceo”.

Citi requires training on AI for most employees

Citi obliges AI training for the majority of its 229.00 employees, according to an internal note shared with American banker. A Citi representative said Fortune that “this training consists in teaching our colleagues the possibilities of great incentive in relation to a basic incentive to generate impactful results”.

Openai is officially $ 500 billion

The company AI of Sam Altman has completed a financing lap This values ​​his business at a level higher than SpaceX, making it the most precious startup in the world.

Bitcoin Treasury Crate Refroit

Companies that have diluted their shares by selling stocks specifically to finance bitcoin purchases have seen their values ​​tumble from 20% to 50%, According to the WSJ. Although their evaluations remain above the price of bitcoin on their balance sheets, it seems that the market is not willing to buy an infinite number of self-calm Bitcoin cash companies. Michael Saylor’s strategy dropped by 20% in the third quarter.

Markets

Future S&P 500 increased by 0.16% this morning. The index increased by 0.34% during its last session. Stoxx Europe 600 increased by 0.7% at the start of negotiations. The FTSE 100 of the United Kingdom Date at the start of trading. Nikkei 225 from Japan increased by 0.87%. CSI 300 from China increased by 0.45%. South Korea Kospi increased by 2.7%. Nifty 50 of India increased by 0.92% before the end of the session. Bitcoin increased to $ 118.6,000.

Around the river

Walmart now plans to provide drone deliveries to “most of the areas in which we operate,” said Exec by Jessica Mathews

The economy becomes more and more strong, not lower, and “we, in the economic profession, must look at the mirror,” says the best analyst by Nick Lichtenberg

People destroyed the advertisements “Ami.com” to the AI ​​necklace with graffiti. The 22 -year -old founder loves it: “Capitalism is the largest artistic medium”. By Eva Roytburg

The former darling of Wall Street, Charlie Javice, says: “I have remorse more deeply than I knew possible” in excuses in tears to the shareholders of JPMorgan by Dave Smith

The CEO Daily is compiled and edited by Joey Abrams and Jim Edwards.

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