Read also:\u00a0OpenAI Accuses Times Of Overreach In Demand For 20 Million Private ChatGPT Conversations<\/a><\/p>\n For updates and corrections, email newsroom[at]stocktwits[dot]com.<\/p>\n
U.S. Press Secretary Karoline Leavitt said the shutdown could reduce U.S. economic growth in the fourth quarter by two percentage points.<\/p>\n
U.S. Press Secretary Karoline Leavitt said that\u00a0the October CPI and jobs data may not be released.FBI Director Kash Patel announced that the Chinese government agreed to fully designate and list all 13 chemical precursors used to produce fentanyl.He said China has also agreed to control seven chemical subsidiaries that contribute to its production.<\/p>\n
U.S. Press Secretary Karoline Leavitt said on Wednesday that the White House is \u201cvery hopeful\u201d that the government shutdown will come to an end on Wednesday night.\u00a0<\/p>\n
\u201cTonight, thanks to Republicans, the White House is very hopeful that this shutdown is going to come to an end,\u201d she said. Leavitt added that, according to Congressional Budget Office estimates, the shutdown could reduce fourth-quarter economic growth by two percentage points.<\/p>\n
October Data Disruption<\/p>\n
She reiterated that the shutdown had made it extraordinarily difficult for economists, investors, and policymakers at the Federal Reserve to receive critical government data. As a result, Leavitt said the October CPI and jobs reports\u00a0may never be released. \u201cAll of that economic data released will be permanently impaired, leaving our policymakers at the Fed flying blind at a critical period,\u201d she said.\u00a0<\/p>\n
Fentanyl Agreement With China<\/p>\n
FBI Director Kash Patel also announced that the Chinese government agreed to fully designate and list all 13 chemical precursors used to produce fentanyl and control seven chemical subsidiaries that contribute to its production.<\/p>\n
\u201cEffectively immediately\u2026 President Trump has shut off the pipeline that creates fentanyl that kills 10s of 1000s of Americans. These substances are now banned, and they will no longer be utilized by the Mexican drug trafficking organizations or any other DTOs around the world to make this drug,\u201d Patel said.<\/p>\n
U.S. equities were mixed in midday trade on Thursday. The\u00a0SPDR S&P 500 ETF<\/a> (SPY) was up 0.09%, the\u00a0SPDR Dow Jones Industrial Average ETF<\/a> (DIA) gained 0.82%, but the Nasdaq-100 tracking\u00a0Invesco QQQ Trust<\/a> (QQQ) was down by 0.10%. Retail sentiment around QQQ on Stocktwits trended in \u2018extremely bullish\u2019 territory amid \u2018high\u2019 levels of chatter.\u00a0<\/p>\n Read also:\u00a0OpenAI Accuses Times Of Overreach In Demand For 20 Million Private ChatGPT Conversations<\/a><\/p>\n For updates and corrections, email newsroom[at]stocktwits[dot]com.<\/p>\n
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