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Good morning investors! The shutdown is finally over!
Today we cover:
Longest shutdown ends
Cisco and more earnings
Managing CPI days
📊 Economy and News
Trump Ends Record 43-Day Shutdown with Funding Bill Signing
President Donald Trump signed a funding bill late Wednesday, ending the longest U.S. government shutdown in history after 43 days. The measure, funding operations through January, passed the House 222-209 earlier that night, with just two Republicans opposing it. All but six Democrats voted against.
Flanked by GOP leaders in the Oval Office, Trump blamed Democrats for trying to "extort our country" over Affordable Care Act tax credit extensions, which expire end of December without renewal. "Republicans never wanted a shutdown," he said, noting impacts on over 1 million furloughed workers. He called for ending the Senate's 60-vote filibuster rule.
Federal employees return Thursday, with back pay assured and shutdown layoffs reversed. The deal allows a December Senate vote on ACA subsidies, funds SNAP for 42 million Americans, and starts a bipartisan budget process. Flight cuts were frozen amid easing disruptions.
The Senate passed the bill Monday with seven Democrats and one independent joining Republicans to hit 60 votes. Trump ignored reporter questions on newly released Jeffrey Epstein documents mentioning him.
Global hits:
UK’s FTSE 100 hits record close as US shutdown nears end.
German economic council cuts growth forecast for 2026.
India inflation cools more than expected in October, boosting hopes for further rate cuts.
Bank of America adjusts its forecast for Brazil’s first rate cut.
UK economy barely grows in the third quarter, missing forecasts ahead of crucial budget.
Who founded Microsoft?
Sponsored by Roku
Shoppers are adding to cart for the holidays
Over the next year, Roku predicts that 100% of the streaming audience will see ads. For growth marketers in 2026, CTV will remain an important “safe space” as AI creates widespread disruption in the search and social channels. Plus, easier access to self-serve CTV ad buying tools and targeting options will lead to a surge in locally-targeted streaming campaigns.
Read our guide to find out why growth marketers should make sure CTV is part of their 2026 media mix.
📈 Stocks
S&P 500 6,850.92 (+0.,063%)
DJIA 48,254.82 (+0.68%)
NASDAQ 23,406.46 (-0.26%)
BRENT CRUDE 62.56 (-0.25%)
* Prices as of Nov 13th, 12:20 AM UTC
Cisco Stock Surges 7% on Earnings Beat, AI Orders Hit $1.3B
Cisco reported strong fiscal Q1 results, beating estimates with adjusted EPS of $1 (vs. 98¢ expected) and revenue of $14.88B (vs. $14.77B expected), up 8% year-over-year. Net income rose to $2.86B, or 72¢ per share.
This marks four straight quarters of growth after prior declines. Networking sales jumped 15% to $7.77B, fueled by AI infrastructure. Hyperscaler AI orders reached $1.3B, with Cisco tying into the boom via Nvidia-based switches.
Q2 guidance: $15B–$15.2B revenue (vs. $14.6B est.) and $1.01–$1.03 EPS (vs. 99¢ est.). Full-year: $60.2B–$61B revenue and $4.08–$4.14 EPS (vs. $59.7B and $4.04 est.).
Security sales fell 2% to $1.98B (missed $2.16B est.); collaboration dipped 3% to $1.06B (missed $1.09B est.). Shares up 25% YTD, topping Nasdaq's 21%.
Controversial: OpenAI fights court order to share millions of ChatGPT logs in NYT case. Also, Jim Cramer says to “look outside of tech for market winners”.
Good to know: Anthropic to invest $50 billion to build data centers in US. Elsewhere, Toyota opens new U.S. battery plant, confirms $10 billion in new investments. Lastly, Skims valued at $5 billion after new funding round as it accelerates store expansion.
Earnings:
Firefly Aerospace issued better-than-expected third-quarter results and lifted its guidance.This is Firefly’s second quarterly report as a public company after its Nasdaq debut in August. The U.S. government and NASA have leaned on more contracts with companies like Firefly and Elon Musk’s SpaceX to support moon missions.
Tencent on Thursday posted 15% year-on-year revenue growth, with AI boosting the Chinese tech giant’s performance in advertising targeting and gaming.
💵 Personal Finance
Make CPI Day Useful
CPI days can feel abstract, yet they’re perfect for a quick “money maintenance” pass. Prices move portfolios and paychecks, but they also quietly change bills, savings targets, and what counts as a “good” rate. With the government reopened and today’s numbers back on schedule, take 15 minutes to align your household plan with where inflation is heading.
Start by checking your big three exposures: housing, interest, and income. If you rent, many markets reset leases around year-end—today’s CPI shelter trend helps gauge whether landlords have leverage. Homeowners and buyers should look at the 10-year Treasury reaction after the release; if yields dip, refinance math or rate locks may improve even before lenders update sheets. On income, scan your benefits portal for 2026 open enrollment or COLA notices; employers sometimes time updates around fresh inflation prints.
Quick tune-ups: set an “inflation floor” in your emergency fund so it grows at least as fast as prices; benchmark your savings APY against top high-yield accounts; and review variable-rate debt, which can jump if today’s CPI surprises and markets price fewer cuts. If you invest, decide beforehand how you’ll react to a swingy CPI day to avoid impulsive trades.
Today’s actions
Raise your savings APY if it trails top online accounts by 0.5% or more; move idle cash accordingly.
Benchmark your rent or renewal ask against your city’s latest shelter trend and set a target in a notes app for your next negotiation.
💰 Be a Better Investor
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👩🏽⚖️ Legal Stuff
Nothing in this newsletter is financial advice. Always do your own research and think for yourself.