December S&P 500 E-Mini futures (ESZ25) are up +0.48%, and December Nasdaq 100 E-Mini futures (NQZ25) are up +0.63% this morning, pointing to a higher open on Wall Street as Treasury yields moved lower, while investors await U.S. President Donald Trump’s high-stakes meeting with congressional leaders to prevent a government shutdown.
Top congressional leaders will meet with President Trump at the White House one day before federal funding lapses if the two parties fail to agree on a short-term spending bill. Republicans aim to pass a seven-week stopgap spending bill before negotiating any deals, while Democrats are demanding billions in healthcare funding before agreeing to a GOP plan. Raising the stakes, White House budget director Russ Vought directed agencies to prepare lists of employees to fire if funding lapses, going beyond the temporary furloughs and missed paychecks seen in past shutdowns.
