We’re thisclose to the end of the longest government shutdown in U.S. history. Eight Senate Democrats broke ranks with their party over the weekend to help advance a bill to reopen the government. The Senate approved the measure last night, but it still requires passage in the House—likely as early as tomorrow—and President Trump’s signature to take effect. Meanwhile, here’s what’s happening in the markets…
- Q3 earnings season rolls along, with more than 400 companies reporting this week. This morning, numbers are due from Sea Limited, Alcon, Oklo, and Bayer, followed Wednesday by Cisco Systems, TransDigm Group, Nu Holdings, Tencent Music, and Circle Internet. Thursday earnings reports are expected from Walt Disney, Applied Materials, Dillard’s, Brookfield, and JD.com, followed Friday by the Sony Group, Mitsubishi Financial, ORIX, and American Bitcoin. *
- U.S. markets opened the week on a high note as optimism surged over a potential end to the record-breaking 39-day government shutdown. A bipartisan Senate vote advanced a bill that would temporarily reopen the government through January 30, lifting investor sentiment. The Nasdaq led the charge with a 1.5% gain, followed by the S&P 500 and Dow Jones, buoyed by a rebound in tech stocks after last week’s AI-driven sell-off. Nvidia, Meta, and Microsoft all posted strong gains, while UBS raised its 2026 S&P 500 target to 7,500, citing robust tech earnings and AI momentum. **
- Don’t budget that stimulus check yet. President Donald Trump has proposed a new $2,000 “tariff dividend” payment to Americans, suggesting that revenue from tariffs—claimed to be in the hundreds of billions—should be redirected from insurance companies to individuals for healthcare or personal savings. Trump floated the idea on his social media platform last weekend, stating that the funds could be used to support Health Savings Accounts or distributed directly to citizens, excluding high-income earners. While the proposal has generated buzz, Treasury Secretary Scott Bessent clarified that no formal discussions have taken place and emphasized that reopening the government remains the administration’s immediate priority. Bessent also said the dividend could come in a number of forms and could incorporate the tax decreases already on the President’s agenda, including no tax on tips or overtime, as well as auto loan deductions. ***
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