- In today’s CEO Daily: Diane Brady on the rise of Ulta Beauty CEO Kecia Steelman.
- The big story: The Mamdani era begins in NYC.
- The markets: Down, with big drops in Asia.
- Plus: All the news and watercooler chat from Fortune.
Good morning. There was an unusual line at the grocery store across from our Manhattan office yesterday, in part because the self-service checkout was not accepting Electronic Benefits Transfer or EBT payments. Customers were confused over SNAP benefits that remain in limbo amid the government shutdown, the teller explained. People were going through the checkout and abandoning cartloads of food when payments didn’t go through, resulting in lost revenue for the store and lost productivity as workers had to put everything back, not to mention the sad fact that some SNAP recipients did not have alternate ways to purchase those items.
