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Shutdown fears loom over Wall Street after McCarthy ouster on October 4, 2023 at 9:24 pm Business News | The Hill

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The war within the House GOP has thrown another wrench into financial markets. 

Wall Street experts say the political dysfunction behind Speaker Kevin McCarthy’s (R-Calif.) ouster poses new risks at a time of already heightened fears, as the Federal Reserve walks a careful line in its efforts to tamp down inflation. 

Skyrocketing bond yields and turmoil in oil markets are also drumming up fears of a recession, giving investors plenty to worry about in the months ahead.

“Yields and oil are the big stories. Those have the biggest economic consequences. And they’re coming at a time when the economy’s especially fragile,” said Callie Cox, U.S. investment analyst at eToro, in a Wednesday interview.

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“But these political headlines aren’t helping things and they probably are making investors more jittery, even though the economic impacts are more, are likely to be more limited.”

The Dow Jones gained 127 points on Wednesday, rising 0.38 percent, while the S&P 500 rose 0.81 percent and the Nasdaq rose 1.35 percent. Those gains came after a steady decline in stocks in recent days and weeks, including a 400-point drop for the Dow on Tuesday.

That followed an ugly September for markets as lawmakers came within hours of allowing the government to shut down over the weekend.

While Congress ultimately managed to pass a short-term stopgap measure, the shutdown threat continues to loom large. The stopgap bill, also known as a continuing resolution (CR), only runs through Nov. 17, giving lawmakers a matter of weeks to reach a new deal on government funding. 

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Now, the House faces the added obstacle of electing a new Speaker before it can move forward with the spending battle.

“The selection process to choose a new Speaker will further delay work on the individual appropriations bills so Congress will be faced with a choice (again) of passing another CR or shutting down the government,” Brian Gardner, chief Washington Policy Strategist at Stifel Investment Bank, said in a statement.

“A new Speaker could face the same problem that faced McCarthy — a small group of House Republicans who have leverage and are willing to use it to force a shutdown,” he added.

Most government shutdowns are brief and have little direct economic impact. But Wall Street experts remain concerned that a shutdown could shake consumer confidence.

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“We’ve seen big drops in consumer confidence in some of the most recent shutdowns, and at a time like this — where consumers have a lot to think about  — that drop in confidence can have a real effect on spending,” Cox said.

The U.S. economy has been remarkably resilient after years of high inflation and rapid Fed rate hikes meant to cool it down. While job growth has slowed slightly, the labor market remains strong and Fed officials expect the economy to avoid a recession, according to their most recent projections.

Even so, consumer confidence has been declining since the summer and a recent spike in gasoline prices has taken a toll on U.S. households.

“There’s always that worry that a drop in confidence could be enough to break the camel’s back and actually reduce spending enough to put the economy into crisis,” Cox said.

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Another shutdown could also deprive the Fed and markets of crucial economic data as the central bank faces a difficult crossroads in its fight against inflation.

After peaking at a 40-year high of 9.1 percent last June, inflation has eased significantly, falling to 3 percent this June before ticking up slightly in July and August. The Fed warned of the possibility of further rate hikes last month, as inflation remains above its 2-percent target.

Fed officials are weighing whether the central bank should hike interest rates again before the end of the year or ease off as the economy shows signs of slowing. 

The Fed will be paying close attention to federal economic data — particularly from the Department of Labor — as officials mull whether to keep putting pressure on the economy.

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A lapse in government funding would stall those reports and policymakers from getting the latest view into the economy. The Fed is funded independently and would continue to operate in a government shutdown, but without crucial information.

“When it comes to the shutdown… the principal issue is cutting off the data, and that’s very scary to the bond market in an environment in which the Fed is regarded as a wild card,” said Daniel Alpert, managing partner at investment firm Westwood Capital.

“Let’s just say we had a government shutdown over the weekend, there would be no jobs report on Friday,” Alpert said, referring to the upcoming October employment report. 

“That would have been a complete disaster. Nobody would have known what to do and everybody sort of runs for cover.”

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It could be weeks before House Republicans elect a new speaker, and there is no guarantee they will do so before the Nov. 17 government funding deadline. Until then Rep. Patrick McHenry (R-N.C.), the chairman of the House Financial Services Committee, will serve as speaker pro tempore.

McHenry is a familiar name to Wall Street as the top Republican on the House committee with jurisdiction over the financial sector. Alpert suggested that an agreement to keep McHenry in charge of the House could assuage some of the market turmoil.

“It would be an extremely stabilizing outcome,” Alpert said. 

“Quite frankly, if [House Minority Leader Hakeem] Jeffries [D-N.Y.] was a great leader, he’d be sitting with McHenry in a backroom right now making the deal.”

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​Business The war within the House GOP has thrown another wrench into financial markets.  Wall Street experts say the political dysfunction behind Speaker Kevin McCarthy’s (R-Calif.) ouster poses new risks at a time of already heightened fears, as the Federal Reserve walks a careful line in its efforts to tamp down inflation.  Skyrocketing bond yields and…  

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Why 9 Million Americans Have Left

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The Growing American Exodus

Nearly 9 million Americans now live outside the United States—a number that rivals the population of several states and signals a profound shift in how people view the American dream. This mass migration isn’t confined to retirees or the wealthy. Thanks to remote work, digital nomad visas, and mounting pressures at home, young professionals, families, and business owners are increasingly joining the ranks of expats.

Rising Costs and Shrinking Wallets

Living in the US has become increasingly expensive. Weekly grocery bills topping $300 are not uncommon, and everyday items like coffee and beef have surged in price over the last year. Rent, utilities, and other essentials also continue to climb, leaving many Americans to cut meals or put off purchases just to make ends meet. In contrast, life in countries like Mexico or Costa Rica often costs just 50–60% of what it does in the US—without sacrificing comfort or quality.

Health Care Concerns Drive Migration

America’s health care system is a major trigger for relocation. Despite the fact that the US spends more per person on health care than any other country, millions struggle to access affordable treatment. Over half of Americans admit to delaying medical care due to cost, with households earning below $40,000 seeing this rate jump to 63%. Many expats point to countries such as Spain or Thailand, where health care is both affordable and accessible, as a major draw.

Seeking Safety Abroad

Public safety issues—especially violent crime and gun-related incidents—have made many Americans feel unsafe, even in their own communities. The 2024 Global Peace Index documents a decline in North America’s safety ratings, while families in major cities often prioritize teaching their children to avoid gun violence over simple street safety. In many overseas destinations, newly arrived American families report a significant improvement in their sense of security and peace of mind.

Tax Burdens and Bureaucracy

US tax laws extend abroad, requiring expats to file annual returns and comply with complicated rules through acts such as FATCA. For some, the burden of global tax compliance is so great that thousands relinquish their US citizenship each year simply to escape the paperwork and scrutiny.

The Digital Nomad Revolution

Remote work has unlocked new pathways for Americans. Over a quarter of all paid workdays in the US are now fully remote, and more than 40 countries offer digital nomad visas for foreign professionals. Many Americans are leveraging this opportunity to maintain their US incomes while cutting costs and upgrading their quality of life abroad.

Conclusion: Redefining the Dream

The mass departure of nearly 9 million Americans reveals deep cracks in what was once considered the land of opportunity. Escalating costs, inaccessible healthcare, safety concerns, and relentless bureaucracy have spurred a global search for better options. For millions, the modern American dream is no longer tied to a white-picket fence, but found in newfound freedom beyond America’s borders.

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Will Theaters Crush Streaming in Hollywood’s Next Act?

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Hollywood is bracing for a pivotal comeback, and for movie lovers, it’s the kind of shake-up that could redefine the very culture of cinema. With the freshly merged Paramount-Skydance shaking up its strategy, CEO David Ellison’s announcement doesn’t just signal a change—it reignites the passion for moviegoing that built the magic of Hollywood in the first place.

Theatrical Experience Roars Back

Fans and insiders alike have felt the itch for more event movies. For years, streaming promised endless options, but fragmented attention left many longing for communal spectacle. Now, with Paramount-Skydance tripling its film output for the big screen, it’s clear: studio leaders believe there’s no substitute for the lights, the hush before the opening credits, and the collective thrill of reacting to Hollywood’s latest blockbusters. Ellison’s pivot away from streaming exclusives taps deep into what unites cinephiles—the lived experience of cinema as art and event, not just content.

Industry Pulse: From Crisis to Renaissance

On the financial front, the numbers are as electrifying as any plot twist. After years of doubt, the box office is roaring. AMC, the world’s largest theater chain, reports a staggering 26% spike in moviegoer attendance and 36% revenue growth in Q2 2025. That kind of momentum hasn’t been seen since the heyday of summer tentpoles—and it’s not just about more tickets sold. AMC’s strategy—premium screens, with IMAX and Dolby Cinema, curated concessions, and branded collectibles—has turned every new release into an event, driving per-customer profits up nearly 50% compared to pre-pandemic norms.

Blockbusters Lead the Culture

Forget the gloom of endless streaming drops; when films like Top Gun: Maverick, Mission: Impossible, Minecraft, and surprise hits like Weapons and Freakier Friday draw crowds, the industry—and movie fans—sit up and take notice. Movie-themed collectibles and concession innovations, from Barbie’s iconic pink car popcorn holders to anniversary tie-ins, have made each screening a moment worth remembering, blending nostalgia and discovery. The focus: high-impact, shared audience experiences that streaming can’t replicate.

Streaming’s Limits and Studio Strategy

Yes, streaming is still surging, but the tide may be turning. The biggest franchises, and the biggest cultural events, happen when audiences come together for a theatrical release. Paramount-Skydance’s shift signals to rivals that premium storytelling and box office spectacle are again at the center of Hollywood value creation. The result is not just higher profits for exhibitors like AMC, but a rebirth of movie-going as the ultimate destination for fans hungry for connection and cinematic adventure.

Future Forecast: Culture, Community, and Blockbuster Dreams

As PwC and others warn that box office totals may take years to fully catch up, movie lovers and industry leaders alike are betting that exclusive theatrical runs, enhanced viewing experiences, and fan-driven engagement are the ingredients for long-term recovery—and a new golden age. The Paramount-Skydance play is more than a business move; it’s a rallying cry for the art of the theatrical event. Expect more big bets, more surprises, and—finally—a long-overdue renaissance for the silver screen.

For those who believe in the power of cinema, it’s a thrilling second act—and the best seat in the house might be front and center once again.

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Why Are Influencers Getting $7K to Post About Israel?

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Influencers are being paid as much as $7,000 per post by the Israeli government as part of an expansive and sophisticated digital propaganda campaign. This effort is designed to influence global public opinion—especially among younger social media users—about Israel’s actions in Gaza and to counter critical narratives about the ongoing humanitarian situation.

How Much Is Being Spent?

Recent reports confirm that Israel has dedicated more than $40 million this year to social media and digital influence campaigns, targeting popular platforms such as TikTok, YouTube, and Instagram. In addition to direct influencer payments, Israel is investing tens of millions more in paid ads, search engine placements, and contracts with major tech companies like Google and Meta to push pro-Israel content and challenge critical coverage of issues like the famine in Gaza.

What’s the Strategy?

  • Influencer Contracts: Influencers are recruited—often with all-expenses-paid trips to Israel, highly managed experiences, and direct payments—to post content that improves Israel’s image.
  • Ad Campaigns: State-backed ad buys show lively Gaza markets and restaurants to counter global reports of famine and humanitarian crisis.
  • Narrative Management: These posts and ads often avoid overt propaganda. Instead, they use personal stories, emotional appeals, and “behind the scenes” glimpses intended to humanize Israel’s side of the conflict and create doubt about reports by the UN and humanitarian agencies.
  • Amplification: Paid content is strategically promoted so it dominates news feeds and is picked up by news aggregators, Wikipedia editors, and even AI systems that rely on “trusted” digital sources.

Why Is This Happening Now?

The humanitarian situation in Gaza has generated increasing international criticism, especially after the UN classified parts of Gaza as experiencing famine. In this environment, digital public relations has become a primary front in Israel’s efforts to defend its policies and limit diplomatic fallout. By investing in social media influencers, Israel is adapting old-school propaganda strategies (“Hasbara”) to the era of algorithms and youth-driven content.

Why Does It Matter?

This campaign represents a major blurring of the lines between paid promotion, journalism, and activism. When governments pay high-profile influencers to shape social media narratives, it becomes harder for audiences—especially young people—to distinguish between authentic perspectives and sponsored messaging.

As user trust in mainstream news decreases and social media’s power grows, understanding how digital influence operations work is critical for anyone who wants to stay informed and think critically about global events.


In short: Influencers are getting $7,000 per post because Israel is prioritizing social media as a battleground for public opinion, investing millions in shaping what global audiences see, hear, and believe about Gaza and the conflict.

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