North American Morning Briefing: Futures Gain as Investors Wait for Fed Minutes -2-
A new memo disclosed on Tuesday asserts that under a 2019 law meant to ensure back pay after a shutdown ends, the administration isn't obligated to pay furloughed employees. The memo was prepared by the Office of Management and Budget last week and viewed by The Wall Street Journal.
Thin Air-Traffic Staffing Spurs Delays at U.S. Airports
The U.S. aviation system is showing signs of stress a week into the federal-government shutdown.
Over Monday and Tuesday, more than 9,000 flights in and out of U.S. airports were delayed, according to flight-data specialist FlightAware. Staffing shortages at federal air-traffic control facilities across the country have prompted authorities to slow the number of flights that can take off and land at certain airports.
Local Politicians Are Defiant as National Guard Gathers Outside Chicago
CHICAGO-Local and state politicians railed Tuesday against the Trump administration's federalization of the National Guard in Illinois as hundreds of guardsmen gathered and protesters vowed to continue to challenge their presence.
Illinois Gov. JB Pritzker, speaking in Minneapolis, suggested that President Trump's actions are a precursor to trying to intimidate Democratic voters ahead of next year's midterm elections.
Write to pierre.bertrand@wsj.com
TODAY IN CANADA
Earnings 3Q:
Firan Technology Group
Economic Indicators (ET):
Nothing major scheduled
Stocks to Watch:
Spartan Delta Announces Increase in Credit Facility to C$450M From C$250M
Teck Resources Updates 2025 Copper Production Guidance to 415,000-465,000 Tons From 470,000-525,000 Tons
Expected Major Events for Wednesday
04:30/JPN: Sep Corporate Insolvencies
05:00/JPN: Sep Economy Watchers Survey
06:00/GER: Aug Industrial Production Index
11:00/US: 10/03 MBA Weekly Mortgage Applications Survey
14:00/US: Sep POSTPONED: Online Help Wanted Index
14:30/US: 10/03 EIA Weekly Petroleum Status Report
23:01/UK: Sep RICS Residential Market Survey
All times in GMT. Powered by Onclusive and Dow Jones.
Expected Earnings for Wednesday
AZZ Inc (AZZ) is expected to report $1.43 for 2Q.
Bassett Furniture Industries Inc (BSET) is expected to report $0.09 for 3Q.
Costco Wholesale Corp (COST) is expected to report.
Dye & Durham Ltd (DND.T) is expected to report for 4Q.
E2open Parent Holdings Inc (ETWO) is expected to report for 2Q.
Firan Technology Group Corp (FTG.T) is expected to report for 3Q.
Goodfellow Inc (GDL.T) is expected to report for 3Q.
HOOKIPA Pharma Inc (HOOK) is expected to report for 2Q.
Lunai Bioworks Inc (RENB) is expected to report for 4Q.
ModivCare Inc (MODVQ) is expected to report $-1.21 for 2Q.
Resources Connection Inc (RGP) is expected to report $-0.20 for 1Q.
Richardson Electronics Ltd (RELL) is expected to report $-0.01 for 1Q.
Powered by Onclusive and Dow Jones.
ANALYST RATINGS ACTIONS
Advanced Micro Devices Raised to Buy From Hold by Jefferies
AST SpaceMobile Cut to Sector Underperform From Sector Perform by Scotiabank
Brinker International Raised to Overweight From Neutral by JP Morgan
CarMax Cut to Equal-Weight From Overweight by Stephens & Co.
Dollar Tree Cut to Underperform From Hold by Jefferies
DR Horton Cut to In-Line From Outperform by Evercore ISI Group
Edwards Lifesciences Raised to Outperform From In-Line by Evercore ISI Group
Elanco Animal Health Raised to Overweight From Neutral by JP Morgan
Fifth Third Bancorp Raised to Overweight From Equal-Weight by Morgan Stanley
GE Hlthcr Techs Cut to Neutral From Buy by Citigroup
Hologic Raised to Outperform From In-Line by Evercore ISI Group
KB Home Cut to In-Line From Outperform by Evercore ISI Group
Meritage Cut to In-Line From Outperform by Evercore ISI Group
Netflix Raised to Buy From Neutral by Seaport Global
OneMain Holdings Cut to Neutral From Overweight by JP Morgan
Oportun Financial Cut to Underweight From Neutral by JP Morgan
PulteGroup Cut to In-Line From Outperform by Evercore ISI Group
QuidelOrtho Cut to Neutral From Buy by Citigroup
Sallie Mae Cut to Neutral From Overweight by JP Morgan
Synchrony Financial Cut to Neutral From Overweight by JP Morgan
Toll Brothers Cut to In-Line From Outperform by Evercore ISI Group
Tri Pointe Homes Cut to In-Line From Outperform by Evercore ISI Group
TrueCar Cut to Hold From Buy by Needham
Veeva Systems Raised to Buy From Hold by TD Cowen
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
October 08, 2025 06:16 ET (10:16 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
5 Stocks to Sell for Tax-Loss Harvesting
33 Undervalued Stocks to Buy Before the Market Shifts Again
Ask the Analyst: What Is the Best Source for Low-Risk Tax-Free Income?
What’s Ahead for Stocks This Quarter—and Where to Invest
United States