Hot Topics :
www.1776coalition.com1056-b783a8af3dddab878b0deb1bd280a40df82a522c

The 3-week-long federal shutdown is starting to make Wall Street anxious

It’s Day 21 of the partial government shutdown. That ties the record for a standoff set in the 1995-96 budget battle between President Bill Clinton and House Speaker Newt Gingrich.

We are now seeing a rash of analyst notes warning that this will soon start to affect different businesses.

American Airlines shares fell Thursday because of lower revenue guidance and weaker-than-expected domestic performance in December. And Cowen warned about the effect of the shutdown on airlines.

”[T]he government shutdown will impact the industry’s corporate travel business the longer it lasts. American in particular has exposure to the government with its hub at Washington, DC Reagan National Airport. We believe government contractors are not traveling during this shutdown, and the longer it goes on, the greater the impact.”

Subscribe to All Around the World

Get your daily dose of news & info from All Around the World

Sign up to All Around the World for FREE and receive our daily emails.

Popular Topics

  • White House opens door to tolls on interstate highways, removing long-standing prohibition
  • BILL CLINTON: ‘I THANK GOD EVERY APRIL 15TH’ I GET TO PAY MORE TAXES
  • OBAMA EPA CHIEF REGINA MCCARTHY: POLLUTION HOLDS AFRICAN-AMERICANS BACK
  • NBA CAN’T LEGALLY TERMINATE STERLING’S OWNERSHIP
  • White House on defense over new Benghazi emails, claims controversial ‘prep call’ not about attack

Going Somewhere Soon?

Whether you're traveling for business or pleasure, playing with points or seeking another fabulous review, we can help. All Around the World editors have been there, done that, and probably eaten it too. Join us for travel, meal and lifestyle tips today.

We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.
View our full privacy policy.