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<span style="color:#888888">
Friday, October 3, 2025
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Allison Joyce/Bloomberg via Getty Images
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Good morning, Quartz readers! It’s Shannon Carroll with the Daily Brief. Today, AI’s grindset books a sixth workday, no jobs data means traders may have to start reading tea leaves, OpenAI gets 500 billion reasons to brag, and Taylor Swift’s latest struts onto the stage.
</span>
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HERE'S WHAT YOU NEED TO KNOW
</span>
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<div>
<strong style="font-size:18px;color:#000000;font-family:Arial,Helvetica,sans-serif;background-color:#FFFFFF">
Wall Street is shrugging at Washington again.
</strong>
<span style="font-size:18px;color:#000000;font-family:Arial,Helvetica,sans-serif;background-color:#FFFFFF">
Amid the shutdown, stocks are up, investors are unbothered, and the closure is looking like just more background music. But the drama could still come
</span>
<a data-linktext="in these cases." data-linktype="Normal" style="color:#168DD9;text-decoration:none;font-size:18px;font-family:Arial,Helvetica,sans-serif;background-color:#FFF;" target="_blank">
in these cases.
</a>
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<tr style="padding-top:10px;padding-bottom:10px">
<td class="td100" colspan="6" style="width:100%;padding:10px 20px;line-height:1.5;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:12px;color:#000000;mso-line-height-rule:exactly">
<div>
<strong style="font-size:18px;color:#000000;font-family:Arial,Helvetica,sans-serif;background-color:#FFFFFF">
When Washington went dark, these
projects did, too.
</strong>
<span style="font-size:18px;color:#000000;font-family:Arial,Helvetica,sans-serif;background-color:#FFFFFF">
The Trump administration moved quickly to halt marquee infrastructure and energy spending in blue states, a
</span>
<a data-linktext="not-so-subtle warning to Democrats." data-linktype="Normal" style="color:#168DD9;text-decoration:none;font-size:18px;font-family:Arial,Helvetica,sans-serif;background-color:#FFF;" target="_blank">
not-so-subtle warning to Democrats.
</a>
</div>
</td>
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<tr style="padding-top:10px;padding-bottom:10px">
<td class="td100" colspan="6" style="width:100%;padding:10px 20px;line-height:1.5;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:12px;color:#000000;mso-line-height-rule:exactly">
<div>
<strong style="background-color:#FFFFFF;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:18px">
A new world’s
most valuable startup is crowned.
</strong>
<span style="background-color:#FFFFFF;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:18px">
OpenAI’s half-trillion-dollar valuation outpaces even Musk’s SpaceX, giving employees golden handcuffs while fueling the notion that AI’s biggest bet is
</span>
<a data-linktext="just getting started." data-linktype="Normal" style="color:#168DD9;text-decoration:none;background-color:#FFF;font-family:Arial,Helvetica,sans-serif;font-size:18px;" target="_blank">
just getting started.
</a>
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<div>
<strong style="background-color:#FFFFFF;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:18px">
Elizabeth Warren still
wants the jobs scorecard.
</strong>
<span style="background-color:#FFFFFF;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:18px">
She’s pressing Trump to release the September report despite the shutdown, arguing that the data is already collected — and that
</span>
<a data-linktext="the Fed needs it." data-linktype="Normal" style="color:#168DD9;text-decoration:none;background-color:#FFF;font-family:Arial,Helvetica,sans-serif;font-size:18px;" target="_blank">
the Fed needs it.
</a>
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COUNTING ON NOTHING
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Baseball without box scores is just noise — cracks of the bat, dugout whispers, a couple of highlight reels — but no way to know who’s winning. That’s the labor market today: Friday’s jobs report is dark, the
scorekeeper furloughed, and traders are left to argue over who’s up at the plate and who’s benched. The September Employment Situation, normally the one unifying stat sheet for Federal Reserve watchers, CEOs, and unions alike, won’t print until the shutdown lifts.
</span>
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<div>
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<div>
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ADP’s latest at-bat didn’t help the mood: a 32,000-job decline in September, the weakest since the pandemic aftershock, and eye-popping downward revisions. Pay growth is cooling but is still too hot for the Fed’s comfort.
That’s useful intel for the central bank, sure — but ADP only counts private payrolls and never publishes an unemployment rate. That’s like tracking the Yankees’ season using only Aaron Judge’s home-run tally. Traders are left to comb through proxies. Clues? Yes. Consensus? Not so much.
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<br/>
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<div>
<span style="font-size: 18px">
Markets can survive a rainout — they’ve seen shutdown delays before. What rattles confidence is the idea that the scoreboard itself is up for debate. After the White House sacked the BLS commissioner
over “phony” numbers and floated a nominee who mused about suspending monthly reports altogether, even the ritual of everyone arguing from the same sheet of paper looks fragile. One missed print is just a gap. But a season without box scores might start to feel like the game is rigged.
</span>
<a data-linktext="Quartz’s Shannon Carroll has more on what happens when ADP gets called up to the big leagues." data-linktype="Normal" style="color:#168DD9;text-decoration:none;font-size:18px;" target="_blank">
Quartz’s Shannon Carroll has more on what happens when ADP gets called up to the big leagues.
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AI was supposed to give people their weekends back. Instead, it’s stealing their Saturdays. The notorious “996” schedule — 9 a.m. to 9 p.m., six days a week — has slipped across the Pacific Ocean from China, where it was outlawed as modern slavery, and planted itself in San Francisco’s startup culture. Ramp’s spending data shows the evidence in black and white (and Seamless receipts): restaurant and catering charges soaring on Saturdays, with office life bleeding straight into the
weekend.
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Startups in the Bay Area aren’t shy about what they’re doing. Biotech firm LatchBio is posting job ads that spell out Monday-to-Saturday in-office schedules. Insurance startup Corgi, fresh out of Y Combinator, greets new hires with a mattress — less welcome gift, more survival kit. Even birthday lunches now break up early so everyone can head back to the office. In the AI gold rush, the shovel isn’t a GPU — it’s another day of work.
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The irony is so thick you could expense it: AI was pitched as the tool that would free humans from drudgery, but the only thing it’s automating is burnout. China’s courts declared 996 illegal three years ago; Silicon Valley is calling it innovation. It’s not just unhealthy, it’s unequal. Women, who still shoulder more caregiving, are the first squeezed out of the nonstop grind. The machines were supposed to pick up the weekend shift. Instead, they’ve scheduled us for it.
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<a data-linktext="Quartz’s Alex Daniel has more on how AI is automating burnout, not balance." data-linktype="Normal" style="color:#168DD9;text-decoration:none;font-size:18px;" target="_blank">
Quartz’s Alex Daniel has more on how AI is automating burnout, not balance.
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<a data-linktext="Forget the Vision Pro, Apple is moving on — to smart glasses" data-linktype="Normal" style="color:#168DD9;text-decoration:none;background-color:#FFF;font-family:Helvetica Neue,Helvetica,Arial,sans-serif;font-size:18px;" target="_blank">
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Berkshire Hathaway just announced its largest deal in three years
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