Record shutdown meets election day
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 5 November 2025
⏱️ 6 minutes
🧾️ Download transcript
Summary
Episode transcripts seekingalpha.com/wsb.
Show links:
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:07.6 | Thanks so much for joining us on this Wednesday, November 5th. I'm Julie Morgan. |
| 0:13.1 | Washington's longest closure may soon be over. Alphabet's $32 billion whiz deal clears regulators, and Bitcoin tumbles back to Earth. |
| 0:24.2 | This is now the longest U.S. government shutdown on record. However, odds are suggesting that the end could be near. |
| 0:31.9 | As we enter day 36 of the shutdown, odds of it prolonging have come down. |
| 0:37.1 | Betting on the prediction market, Polly Market now has the shutdown, odds of it prolonging have come down. Betting on the prediction market, |
| 0:39.0 | Polly Market now has the shutdown ending on November 13th, earlier than the previous prediction of |
| 0:45.1 | the 29th of November. As the shutdown was inching towards becoming the longest one, talks accelerated |
| 0:51.7 | to resolve issues and let the closure come to an end. A key reason for |
| 0:56.2 | the shutdown is that Democrats are opposed to the Republicans' plan not to extend Affordable Care Act's |
| 1:02.2 | tax credits for next year. If that were to happen, many individuals who obtain their health coverage |
| 1:08.0 | through state insurance exchanges are likely to face drastically higher |
| 1:12.4 | premiums without the subsidy. The drop in the odds on the prediction markets coincided with a high |
| 1:18.4 | stakes day on Tuesday that saw the first major elections of Trump's second term. Millions of voters |
| 1:24.8 | headed to the polls to decide key gubernatorial, statewide, and local races. |
| 1:30.0 | Many analysts and experts see the elections as a test for Trump and believe they could set the |
| 1:35.2 | tone for the midterms next year. And one of the big stories you'll see today is the race for mayor in |
| 1:41.1 | New York City. Democratic Socialist Mamdani beat Andrew Cuomo who ran as an |
| 1:46.6 | independent. We're breaking down what this means for Wall Street and the Wall Street Breakfast |
| 1:51.3 | newsletter. There's a link to sign up for the newsletter in the show notes section. |
| 1:56.8 | The Justice Department gives an all clear to whiz Alphabet for the latter to acquire the former. |
| 2:02.9 | The Israel-based Cloud Security Company will be acquired by Alphabet and a deal valued at about $32 billion. |
... |
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