CNBC Television
Squawk Pod: The shutdown, travel, & “A House of Dynamite” - 11/06/25 | Audio Only
11/6/2025, 7:08:44 PM
Economic Summary
- The Supreme Court heard challenges to aggressive presidential tariffs, a decision that could reshape executive trade authority and create market uncertainty; analysts expect a ruling likely in early 2026 given the case complexity.
- The FAA will cut flight capacity by about 10% at 40 major airports because air traffic controllers are working without pay amid the government shutdown, a move that could cancel thousands of flights and strain airlines (impacting carriers like AAL, DAL) ahead of peak travel seasons.
- The ongoing government shutdown centers on disputes over a "clean" continuing resolution, an impending expiration of COVID-era Obamacare subsidies (≈$40 billion), and a Democratic counterproposal described as $1.5 trillion in new spending, producing fiscal and political uncertainty.
- DoorDash (DASH) reported revenue growth (+27% YoY) and order growth (+21%) but missed earnings and issued guidance below estimates while flagging several-hundred-million-dollar investment plans for 2026, producing near-term downside risk despite top-line strength.
- NVIDIA (NVDA) commentary highlights a competitive worry: China’s subsidized approach and fragmented U.S. regulations could narrow America’s AI lead, prompting debates over chip exports and national-security tradeoffs.
Bullish
- DoorDash revenue rose 27% year-over-year and orders increased 21%.
- Some retail names rallied on the tariffs coverage and potential legal outcomes.
- NVIDIA asserts the U.S. still leads in AI and urges racing ahead to win developers worldwide.
- Netflix’s new film could drive viewership and engagement for the platform.
Bearish
- DoorDash missed earnings and guided below estimates while planning several hundred million in 2026 spending.
- FAA announced a 10% capacity cut at 40 major airports, risking thousands of flight cancellations and strain on airlines.
- Prolonged government shutdown creating staffing, safety and holiday-season operational risks across travel and federal services.
- NVIDIA warned of accelerating competition from China, raising risk to U.S. chip leadership and export-control debates.
Bullish tickers
DASHNVDANFLX
Bearish tickers
DASHNVDAAALDAL
DASH
Bullish
Revenue rose 27% year-over-year and total orders increased 21%, showing continued top-line user demand.
Bearish
Missed earnings and issued below-consensus guidance while planning several hundred million in 2026 investments, prompting a sharp share decline.
NVDA
Bullish
Leadership argues the U.S. remains ahead in AI development and that racing ahead will secure developer mindshare worldwide.
Bearish
CEO warned China could close the AI gap due to subsidies and regulatory differences, raising competitive and export-control risks.
NFLX
Bullish
New film 'A House of Dynamite' could boost viewership and engagement for the Netflix platform.
Bearish
Content tackling nuclear scenarios may be controversial and unpredictable in audience reception.
AAL
Bullish
Regulatory safety-first measures may prevent accidents and preserve long-term operational integrity.
Bearish
FAA capacity reductions and staffing strains from the shutdown increase cancelation risk and operational disruptions for airlines.
DAL
Bullish
Code-share partnerships and network scale could help manage reroutes and minimize passenger impact.
Bearish
Delta could face disruptions from FAA-imposed cuts and airport capacity constraints amid controller staffing shortages.
People mentioned
Katie KramerMike JohnsonDennis TagerNoah OppenheimCatherine BigelowAndrew Ross SorkinJoe KernenSean DuffyAmy Coney BarrettNeil GorsuchBrett KavanaughChuck SchumerHakeem JeffriesJensen HuangBill AckmanRoss DouthatDonald Trump