2025-09-29 21:55
US government shutdown may start Wednesday, causing widespread disruptions Shutdown may halt FAA hiring, training, and safety initiatives Air traffic controller shortage worsens with potential furloughs WASHINGTON, Sept 29 (Reuters) - U.S. airlines warned on Monday that a partial federal government shutdown could strain American aviation and slow flights, as air traffic controllers and security officers would be forced to work without pay and other functions would be halted. Airline trade group Airlines for America, which represents United Airlines (UAL.O) , opens new tab, Delta Air Lines (DAL.N) , opens new tab, American Airlines (AAL.O) , opens new tab, Southwest Airlines (LUV.N) , opens new tab and others, warned that if funding lapses, "the system may need to slow down, reducing efficiency" and impacting travelers. Sign up here. The warning about air travel highlights the latest potential collateral damage from the political dispute in Washington over government funding. "When federal employees who manage air traffic, inspect aircraft and secure our nation’s aviation system are furloughed or working without pay, the entire industry and millions of Americans feel the strain," the group said. Air traffic controllers and about 50,000 Transportation Security Administration employees who staff airport checkpoints are among the government workers who would be required to keep working but would not be paid. In 2019, during a 35-day shutdown, the number of absences by controllers and TSA officers rose as workers missed paychecks, extending checkpoint wait times at some airports. The Federal Aviation Administration was forced to slow air traffic in New York, which put pressure on lawmakers to quickly end the standoff. The shutdown is expected to begin on Wednesday unless there is an agreement between the Democrats and Republicans on a government funding bill. Congressional Democratic leaders left a meeting with President Donald Trump on Monday without reaching a deal. In a separate letter, airline groups, aviation unions, manufacturers, airports and other aviation groups warned shutdowns force the FAA to "suspend air traffic controller and technician hiring and training, delay the implementation of safety initiatives, postpone maintenance and repair work to critical air traffic equipment, suspend air carrier pilot check rides, delay airworthy inspections for aircraft, defer the analysis of voluntary safety reporting, and suspend work on modernization programs." An extensive shutdown could delay the FAA's certification of the Boeing (BA.N) , opens new tab 737 MAX 7 and slow the $12.5 billion overhaul of air traffic control. The FAA said that under its shutdown plan released in March it would not be able to conduct air traffic controller hiring or field training of air traffic controllers. Transportation Secretary Sean Duffy said on Friday he was concerned a shutdown could jeopardize air traffic training and the modernization effort. Hundreds of air traffic control trainees at the FAA Academy in Oklahoma City could also be furloughed "causing significant delays in the training pipeline and worsen the ongoing air traffic controller staffing crisis," the National Air Traffic Controllers Association said, adding "a government shutdown of any length could cause significant setbacks." The FAA is about 3,800 controllers short of targeted staffing levels. A persistent shortage of controllers has delayed flights and many are working mandatory overtime and six-day weeks. https://www.reuters.com/sustainability/sustainable-finance-reporting/major-airlines-warn-government-funding-lapse-could-strain-aviation-slow-flights-2025-09-29/
2025-09-29 21:35
Sept 29 (Reuters) - NextEra Energy (NEE.N) , opens new tab said on Monday that the U.S. nuclear regulator has approved the license renewal for two units of its Point Beach plant in Wisconsin for another 20 years. The Nuclear Regulatory Commission's approval extends operations at Units 1 and 2 through 2050 and 2053, respectively. Sign up here. Nuclear power supply is gaining traction in the U.S. after years of stagnation, fueled by surging electricity demand from energy-hungry data centers and the electrification of transportation and manufacturing industries. President Donald Trump on his first day back in office in January issued an order declaring an energy emergency, and in late May, signed executive orders directing the NRC to ease regulations and expedite licensing processes for reactors and power plants. NextEra said that the two units, which began operations in the early 1970s, supply about 14% of Wisconsin's total electricity, enough to power nearly one million homes and businesses. It operates on a 1,200-acre site along Lake Michigan. The Turkey Point nuclear power plant in Florida operated by NextEra's sister company Florida Power & Light Company (FPL) secured license renewal approval late last year, while FPL's St. Lucie Nuclear Power Plant is undergoing the renewal process. https://www.reuters.com/business/energy/nexteras-wisconsin-nuclear-plant-units-get-license-extension-20-years-2025-09-29/
2025-09-29 21:30
TSX ends up 0.7%, at 29,971.91 Eclipses last Monday's record closing high Materials group rises 1.1% as gold hits record high Technology gains 2.8%, with Shopify up 6.2% TORONTO, Sept 29 (Reuters) - Canada's main stock index rose to another record high on Monday, as technology shares climbed and investors who are upbeat on prospects for the global economy cheered the index's heavy weighting in cyclical stocks. The S&P/TSX composite index (.GSPTSE) , opens new tab ended up 210.63 points, or 0.7%, at 29,971.91, eclipsing last Monday's record closing high. Sign up here. "It's rinse and repeat almost every day for Canada lately," said Mike Archibald, a portfolio manager at AGF Investments. " It's one of the best performing global markets. It's got all the stuff you want if you're constructive on coordinated global growth into 2026. Sectors, such as financials, energy, materials and industrials tend to benefit particularly from stronger economic activity. They account for 77% of the TSX's weighting. "It looks like GDP growth is going to be better next year than this year in many parts of the world, so in a backdrop like that having exposure to financials and commodities and industrials ... is a thing of beauty," Archibald said. The materials sector (.GSPTTMT) , opens new tab, which includes fertilizer companies and metal mining shares, rose 1.1% as gold notched another all-time high and despite a decline of 4% for the shares of Barrick Mining (ABX.TO) , opens new tab. The company appointed veteran executive Mark Hill as interim president and CEO following the sudden resignation of Mark Bristow. Technology (.SPTTTK) , opens new tab was up 2.8%, with e-commerce company Shopify Inc (SHOP.TO) , opens new tab adding 6.2%. OpenAI introduced a feature that would allow users to make purchases through ChatGPT, in partnership with Etsy (ETSY.O) , opens new tab and Shopify. Shares of cannabis producers climbed after U.S. President Donald Trump advocated the potential benefits from the use of cannabidiol in senior healthcare in a social media post. Curaleaf Holdings Inc (CURA.TO) , opens new tab jumped nearly 35%. Energy was the only one of 10 major sectors to end lower, losing 1.5%. The price of oil settled down 3.45% at $63.45 a barrel on expectations that OPEC+ will approve another increase to crude oil production at its meeting on Sunday. https://www.reuters.com/markets/europe/tsx-futures-rise-gold-gains-us-government-shutdown-fears-loom-2025-09-29/
2025-09-29 21:03
Sept 29 (Reuters) - Jamie is enjoying some well-deserved time off, but the Reuters markets team will still keep you up to date on what's happening in markets. The spectre of a U.S. government shutdown loomed large across asset classes, with the Tuesday midnight deadline for an agreement little more than 24 hours away. Sign up here. I'd love to hear from you, so please reach out to me with comments at [email protected] , opens new tab Today's Key Reads Today's Key Market Moves Today's Key Talking Points * Shutdown bearing down Investors were girding for a U.S. federal government shutdown that could disrupt a wide range of services as soon as Wednesday. Trump was meeting with congressional leaders on Monday in a last-ditch effort to reach an agreement. Markets have largely shrugged off past shutdowns, but there were reasons to think this time could be different, with stocks trading at record highs and pricey valuations. One issue is the delay of economic data in the event of a shutdown, starting with the U.S. employment report due on Friday, and whether such delays might muddy the ability for the Federal Reserve to make monetary policy decisions. * Nearly three-quarters done Are we here already? Tomorrow marks the last day of the third quarter, which has been a bang-up period for U.S. stocks. The S&P 500 is up over 7% in the quarter, on track for its best third-quarter performance since 2020, while the tech-heavy Nasdaq Composite has gained nearly 11% in this quarter alone. The benchmark S&P 500 is well on its way to a third straight year of solid double-digit percentage gains. * L-B-Oh! In a jolt to the M&A landscape, video game developer Electronic Arts has agreed to sell itself to a group of private investors in a deal that valued it at $55 billion. That would be the largest leveraged buyout in history, if completed. The buyers of the videogame maker, whose titles include "Battlefield" and "Madden NFL," are Saudi Arabia's Public Investment Fund, Jared Kushner's Affinity Partners and private equity firm Silver Lake. What could move markets tomorrow? Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles , opens new tab, is committed to integrity, independence, and freedom from bias. Trading Day is also sent by email every weekday morning. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here. https://www.reuters.com/business/global-markets-trading-day-2025-09-29/
2025-09-29 21:02
WASHINGTON, Sept 29 (Reuters) - Vice President JD Vance after a White House meeting with congressional leadership on Monday said he thought the US government would shutdown due to lack of agreement between Republicans and Democrats. "I think we're headed to a shutdown because the Democrats won't do the right thing. I hope they change their mind, but we're going to see," Vance told reporters outside of the White House. Sign up here. Senate Minority Leader Chuck Schumer told reporters that Democratic lawmakers laid out healthcare issues to President Donald Trump in the meeting. https://www.reuters.com/world/us/vance-says-us-heading-towards-government-shutdown-after-lawmaker-meeting-2025-09-29/
2025-09-29 21:01
Sept 29 (Reuters) - CenterPoint Energy (CNP.N) , opens new tab on Monday announced it was planning $65 billion in capital spending from 2026 through 2035, as U.S. utilities rush to capitalize on surging power demand. Data centers dedicated to artificial intelligence and cryptocurrency, as well as the electrification of industries such as transportation, are driving up U.S. power consumption. Sign up here. CenterPoint also raised its annual adjusted earnings per share forecast to between $1.75 and $1.77 per share, from $1.74 to $1.76 per share earlier. The new range is 9% higher at the midpoint than last year. Analysts estimate $1.76 per share, according to data compiled by LSEG. The U.S. electric and gas utility also expects 2026 adjusted EPS targeting at least the midpoint of the range of $1.89 to $1.91 per share. Power demand from U.S. data centers is expected to nearly triple in the next three years and consume as much as 12% of the total electricity produced, according to a study by Lawrence Berkeley National Laboratory. CenterPoint reiterated that electric peak load demand will increase about 50% to nearly 31 gigawatts (GWs) by 2031 and forecast peak power demand to double by the middle of the next decade. "Continued economic development is anticipated to drive significant growth in electric demand over the next decade, especially in Texas," the company said in a statement. CenterPoint in May said it intends to spend $4 billion in new projects to support its growth in Texas. Texas is one of the quickest-growing data center markets, with the business-friendly state also attracting other forms of energy-intensive industries such as computer chip manufacturing. CenterPoint delivers electricity and natural gas to more than 7 million customers across Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. https://www.reuters.com/business/energy/centerpoint-unveils-65-billion-capital-spending-plan-over-next-10-years-2025-09-29/
