Shocking September jobs report defies historical precedent

The casual restaurant sector is facing significant challenges, leading to the closure of several locations by a 60-year-old bar and grill chain. Economic difficulties have prompted many popular dining chains to file for bankruptcy, citing liquidity issues and a negative impact on consumer spending as key factors contributing to their financial distress.

A 75-year-old furniture chain has initiated going-out-of-business sales at some locations while others are closing without official announcements. Some stores are holding inventory blowout sales, but may not necessarily be shutting down. This situation reflects the challenges faced by traditional retailers in a rapidly evolving market.

Home Depot is currently facing significant challenges as it struggles to reverse concerning customer behavior in its stores. The company has reported a decline in customer demand, which is impacting its overall performance and financial outlook.

MGM Resorts' CEO recently issued an apology to guests regarding the high prices at their hotels. Despite a growth trend in the hotel industry driven by strong travel numbers globally, the rising operational costs have become a significant barrier for both small family-owned hotels and large chains like MGM. This situation reflects the ongoing challenges faced by the hospitality sector.

The US added 119,000 jobs in September, exceeding the estimate of 51,000, according to the Bureau of Labor Statistics. The unemployment rate rose to 4.4%, while hourly earnings increased by 0.2% from the previous month. The release of the September jobs report was delayed due to a government shutdown.

Nvidia's Q3 earnings report revealed $57 billion in sales, significantly exceeding earnings estimates, with $51.2 billion coming from data-center sales. The company also projected strong future growth, indicating a positive outlook for the AI sector.

On November 20, 2025, the Nasdaq and S&P 500 indices surged over 1% in premarket trading, driven by Nvidia's strong earnings report. The positive performance of Nvidia, which exceeded analysts' expectations, has significantly influenced market sentiment, contributing to a broader recovery in U.S. stock futures. This live blog will continue to provide updates throughout the day.

Tesla investors have shown strong support for CEO Elon Musk, with approximately 75% voting in favor of a groundbreaking pay package that could potentially reward him with $1 trillion if he significantly increases the company's value. This decision reflects the confidence shareholders have in Musk's vision for Tesla's future.