↗ MARKET RECAP → Stocks closed lower Friday, pressured by more losses in artificial intelligence stocks, to post a losing week as new economic data added to investors’ fears of a slowdown.

☑️ HEALTH SUBSIDIES TIE TO SHUTDOWN → Democratic leaders linked reopening the government to extending ACA tax credits, but Republicans rejected the deal outright.

✈️ GROUNDED NATION → The FAA shutdown crippled U.S. air traffic, grounding 5,000+ flights and costing airlines millions daily as chaos spread through major airports.

Was this email forwarded to you? Sign up for free here.

For the week beginning November 3, 2025

☑️ Democrats offer deal. Senate Democrats led by Chuck Schumer offered to approve a funding bill to reopen the government if it includes a one-year extension of premium tax credits under the Affordable Care Act (ACA).
✈️ Shutdown toll grows. The proposal comes amid the longest U.S. government shutdown in history, with delays in services ranging from food-aid to air-traffic operations.
🛑 Republicans balk. GOP leaders rejected the offer, calling it a non-starter. They insist on reopening the government first before tackling healthcare subsidies.

✈️ Flights in free fall. Airlines canceled more than 5,000 flights Friday as the FAA shutdown left control towers short-staffed and critical technology updates frozen. Major carriers including Delta (DAL), United (UAL), and American (AAL) were forced to slash schedules heading into the weekend.

🧳 Travelers stranded. The chaos rippled through major airports in Atlanta, New York, Chicago, and Dallas, with average delays topping three hours. Some airlines rerouted flights around congested airspace to keep operations moving.

⚠️ Industry on edge. The Air Transport Association estimates losses exceeding $100 million per day, warning that prolonged disruption could hit GDP and derail the start of the holiday travel season.

Tesla shareholders passed Elon Musk’s $1 trillion package. What analysts are saying (CNBC)

Deutsche Bank upgrades this Chinese internet provider, calling it next big AI beneficiary(CNBC)

$1.7 trillion-dollar ETF giant State Street says 401(k) market about to face new low-cost challenger (CNBC)

_{^{Investment advisory services provided by ML Wealth LLC. Investment Accounts Are Not FDIC Insured • No Bank Guarantee • Investments May Lose Value. For important information and disclosures relating to the MoneyLion Investment Account, see Investment FAQs, Form ADV Brochure, and moneylion.com/investing. Funded managed investing accounts are subject to a monthly account fee of $1 (for accounts valued up to $5,000), $3 (for accounts valued over $5,000, and up to $25,000), or $5 (for accounts valued over $25,000).}}

<sub><sup>This advertising email was sent to you because you have a MoneyLion account. If you would like to unsubscribe, please do so using this link. We respect your right to privacy. Please do not reply to this email with sensitive information, such as an account number, Social Security number, date of birth, bank account information, PIN, password, or Online ID. The security and confidentiality of your personal information is important to us. If you have any questions or want to read more, please visit our Help Center.

MoneyLion and Pathward do not provide, nor do they guarantee, any third-party product, service, information, or recommendation. The third parties providing these products or services are solely responsible for them, as well as all other content on their websites. MoneyLion is not liable for any third party’s failure with regard to those advertised products, services, and benefits. These advertised products and services may not be FDIC insured or bank-guaranteed, and may be subject to a different privacy policy than MoneyLion’s. You should check individual offers, products, and services to become familiar with any applicable restrictions or conditions that may apply. MoneyLion may receive compensation from third parties for referring you to the third party, their products or to their website.

The influencer, creator and other content provided in the MoneyLion App (“Content”) is for informational and entertainment purposes only and should not be construed as legal, tax, investment, financial, or other advice. All Content is intended to be of a general nature, does not address the circumstances of any particular individual or entity, and may not constitute a comprehensive or complete statement of the matters discussed. MoneyLion is not a fiduciary by virtue of any person’s use of or reliance on the Content. You should consult an appropriate professional if you require any legal, tax, investment, financial or other advice. Terms and Conditions for our subscriber referral can be found here.</sup></sub>