Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

It's good to be with you on this Monday, November 10th. I'm Julie Morgan.

Wall Street cheers a deal, TSM slows, and rumble dives into AI.

Futures are in the green this morning as a deal to reopen the government

has passed a procedural vote in the Senate. Dow futures are up 0.5 percent. S&P futures are 1% in

the green and NASDAQ futures are up 1.6%. In a 60 to 40 vote with seven Democrats and one independent voting alongside the GOP, the late

Sunday night vote paved the way for the government to reopen. The Senate needs a formal vote

and the House will also need to return and pass the measure before it goes to the president.

The stopgap deal includes funding for several

departments through the end of the fiscal year, while extending funding for other agencies

through January 30th. The plan would also provide back pay forloughed workers and resume suspended

federal payments to states and localities. The main sticking point, the reason for the

shutdown ACA subsidies, this deal does not guarantee an extension of those credits. Deutsche

Banks Jim Reed said once the government reopens, markets will face a surge in the release of

delayed data. He goes on to say that historical precedent from the 2013

shutdown suggests that September's employment report could be among the first to hit the wires,

potentially within three business days of reopening. UBS's Paul Donovan said normally when shutdowns

end, the economy bounces back to compensate for the drag on growth in the

shutdown, though this time there may be more lingering damage.

Taiwan Semiconductor Manufacturing's October revenue rose 16.9% year over year, the slowest

pace since February of 2024, and was lower than the 39.6% surge in September.

TSM, which produces chips for some of the world's largest tech companies, including Apple,

...