A Government Shutdown Is Looming

"There are no real winners in a partial government shutdown and plenty of losers," notes Mark Hamrick. He discusses how a U.S. government shutdown is looming as government funding is set to expire at midnight on September 30th. He says that "while many essential workers (would) continue to work, hundreds of thousands of others are sidelined, translating to interruption in pay, lost productivity and output, and downward near-term pressure on economic growth. Expectations are already muted for the holiday shopping season." He talks about how higher rates impact the economic forecast, as well as the state of the U.S. consumer. He then goes over what surging oil prices mean for the economy. Tune in to find out more about the stock market today.