{"id":2064,"date":"2025-10-19T16:42:27","date_gmt":"2025-10-19T16:42:27","guid":{"rendered":"https:\/\/retrotradingreport.com\/index.php\/2025\/10\/19\/weekly-wrap-us-shutdown-drags-on-trump-touts-cease-fire-success\/"},"modified":"2025-10-19T16:42:27","modified_gmt":"2025-10-19T16:42:27","slug":"weekly-wrap-us-shutdown-drags-on-trump-touts-cease-fire-success","status":"publish","type":"post","link":"https:\/\/retrotradingreport.com\/index.php\/2025\/10\/19\/weekly-wrap-us-shutdown-drags-on-trump-touts-cease-fire-success\/","title":{"rendered":"Weekly wrap: US shutdown drags on, Trump touts cease-fire success"},"content":{"rendered":"
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This week brought a mix of political stalemate, global diplomacy, and market unease as Washington remained mired in a prolonged government shutdown, President Donald Trump took a victory lap over a Middle East cease-fire, and renewed credit worries rattled US regional banks. <\/p>\n

Meanwhile, Wall Street\u2019s largest lenders continued to post robust quarterly results, tempering investor anxiety amid broader economic uncertainty.<\/p>\n

Senate gridlock extends government shutdown<\/h2>\n

The US Senate once again failed to advance a Republican-led proposal <\/a>to extend government funding on Thursday, marking the tenth unsuccessful attempt since the shutdown began more than two weeks ago. <\/p>\n

The latest vote, 51\u201345, fell short of the 60 votes needed to proceed, ensuring that the government shutdown will continue through at least October 20.<\/p>\n

No Democratic senators crossed party lines, reflecting entrenched divisions between the parties. <\/p>\n

The House-passed measure, championed by Senate Majority Leader John Thune (R-S.D.), would have temporarily funded the government through November 21. <\/p>\n

Democrats, however, argued it failed to address key policy demands, including the extension of healthcare tax credits.<\/p>\n

In a further setback, the Senate also blocked a defense appropriations bill intended to reopen parts of the government. <\/p>\n

The Pentagon funding measure fell 50\u201344, with only three Democrats backing it. <\/p>\n

Thune, who voted against it procedurally to revive it later, expressed visible frustration as hopes of a partial funding breakthrough faded.<\/p>\n

With the Senate now adjourned until Monday, the shutdown\u2014already the longest since 2018\u20132019\u2014continues to weigh on markets and public services. <\/p>\n

Trump hails Gaza cease-fire as hostage exchanges continue<\/h2>\n

In a major diplomatic development, President Donald Trump addressed Israel\u2019s Parliament on Monday<\/a>, hailing the release of the final 20 hostages held by Hamas under a US-brokered cease-fire agreement. <\/p>\n

The deal also saw Israel release nearly 2,000 Palestinian prisoners in exchange, marking what Trump called \u201cthe historic dawn of a new Middle East.\u201d<\/p>\n

The truce, while offering relief after two years of conflict, remains fragile. <\/p>\n

Hamas has yet to comply with Israel\u2019s demand to disarm, and international discussions on Gaza\u2019s future continue.<\/p>\n

On Saturday, Israel confirmed the return of the remains of a tenth hostage, Eliyahu Margalit, 75, while tensions rose over Hamas\u2019s failure to return all bodies as stipulated in the cease-fire. <\/p>\n

Aid agencies described Gaza as a \u201cwasteland,\u201d warning of enormous humanitarian challenges in the aftermath of Israel\u2019s campaign.<\/p>\n

Regional banks rattle markets with loan losses and fraud claims<\/h2>\n

The US regional banking sector faced fresh pressure after Zions Bancorp disclosed a $50 million charge-off tied<\/a> to two troubled commercial loans at its California Bank & Trust unit. <\/p>\n

Western Alliance Bancorp also revealed a lawsuit against borrower Cantor Group V, LLC, over alleged fraud and misrepresentation.<\/p>\n

Shares of both banks plunged, weighing on market sentiment throughout the week. <\/p>\n

Analysts cited renewed credit-quality fears amid growing defaults in niche sectors such as auto parts and commercial real estate.<\/p>\n

Though Western Alliance reaffirmed its 2025 guidance, the developments highlighted investor unease over opaque lending practices and potential contagion within smaller banks.<\/p>\n

Big Banks deliver strong earnings but urge caution<\/h2>\n

In contrast, major US banks delivered strong third-quarter earnings. <\/p>\n

JPMorgan Chase<\/a>, Goldman Sachs<\/a>, Wells Fargo, and Morgan Stanley<\/a> all beat expectations, supported by robust dealmaking and trading revenue.<\/p>\n

JPMorgan CEO Jamie Dimon highlighted the resilience of the US economy but cautioned that \u201ccomplex geopolitical conditions\u201d and \u201csticky inflation\u201d posed risks ahead. <\/p>\n

Goldman Sachs reported a 39% jump in profits, even as it announced plans for over 1,000 layoffs by year-end.<\/p>\n

Wells Fargo and Morgan Stanley also posted double-digit profit gains, citing solid consumer health and rising investment activity.<\/p>\n

Still, executives across Wall Street emphasized vigilance as the combination of political gridlock, global tensions, and regional bank stress continued to cloud the economic outlook.<\/p>\n

The post Weekly wrap: US shutdown drags on, Trump touts cease-fire success<\/a> appeared first on Invezz<\/a><\/p>\n

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This week brought a mix of political stalemate, global diplomacy, and market unease as Washington remained mired in a prolonged government shutdown, President Donald Trump took a victory lap over a Middle East cease-fire, and renewed credit worries rattled US regional banks. Meanwhile, Wall Street\u2019s largest lenders continued to post robust quarterly results, tempering investor…<\/p>\n","protected":false},"author":1,"featured_media":2065,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2064","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/posts\/2064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/comments?post=2064"}],"version-history":[{"count":0,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/posts\/2064\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/media\/2065"}],"wp:attachment":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/media?parent=2064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/categories?post=2064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/tags?post=2064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}