U.S. shutdown would pose 'small' drag on GDP: Morgan Stanley

U.S. shutdown would pose 'small' drag on GDP: Morgan StanleyNEW YORK (Reuters) - The U.S. government shutdown, which was in its third day, would be a "relatively small" drag on the U.S. economic expansion in the first quarter, but the effects depend on how long it lasts, Morgan Stanley's analysts said on Monday. Each week of the shutdown would subtract up to 0.2 percentage point from the annualized quarterly growth rate of the gross domestic product, Morgan Stanley economist Ellen Zentner and strategist Michael Zezas wrote in a research note. (Reporting by Richard Leong; Editing by Jeffrey Benkoe)



U.S. shutdown seen a threat to economy, not rating: Moody's

U.S. shutdown seen a threat to economy, not rating: Moody'sThe U.S. government shutdown that began on Saturday is disruptive to the economy, but poses no immediate threat to its top notch Aaa rating as long as it makes its debt payments on time, Moody's Investors Service said on Monday. The federal shutdown, the first since 2013, would make it likely that the issue of raising the statutory borrowing limit will become part of the next round of budget negotiations in Washington, the rating agency said in a research note. "Although the shutdown will be credit negative for the sovereign to the extent that it disrupts the U.S. economy, it will not have any immediate implications for the U.S. government's credit rating," Moody's said.



Factbox: Effect on commodities markets due to U.S. government shutdown

Factbox: Effect on commodities markets due to U.S. government shutdown(Reuters) - Commodities markets should trade normally on Monday even though key regulators, including the Commodity Futures Trading Commission (CFTC), will be operating with skeleton crews due to the U.S. government shutdown. During shutdowns, non-essential government employees are furloughed, or placed on temporary unpaid leave. Private exchange operators are generally not affected, but weekly economic reports from the U.S. Energy Department and U.S. Department of Agriculture (USDA), key for traders, have in the past been delayed until the government re-opens.



U.S. authorities ban cargo transport from Cairo airport-Egyptian sources

U.S. authorities ban cargo transport from Cairo airport-Egyptian sourcesCAIRO (Reuters) - U.S. authorities have banned the transport of all cargo coming from Cairo International Airport destined for the United States, other than passenger luggage, sources at Cairo airport and EgyptAir told Reuters on Monday.



Statue of Liberty to reopen; shutdown keeps other parks, monuments closed

Statue of Liberty to reopen; shutdown keeps other parks, monuments closed(Corrects ninth paragraph to say Yellowstone National Park is located mostly in Wyoming, not Montana) By Joseph Ax NEW YORK (Reuters) - The Statue of Liberty will reopen on Monday even if the U.S. government shutdown extends into the work week, New York Governor Andrew Cuomo said on Sunday, vowing to use state funds to keep the landmark monument in operation. Dozens of other national parks and monuments were expected to remain partially or entirely closed after Congress failed to agree on a spending plan to keep the government running past a Friday midnight deadline. "Not all parks are fully open but we are all working hard to make as many areas as accessible to the public as possible," U.S. Interior Secretary Ryan Zinke said on Twitter on Saturday.





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