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For more than half a century, I have been studying the shifting relations between white and Black Americans. My first journal article, published in 1972, when I was a graduate student at the University of Chicago, was about Black political power in the industrial Midwest after the riots of the late 1960s. My own experience of race relations in America is even longer. I was born in the Mississippi Delta during World War II, in a cabin on what used to be a plantation, and then moved as a young boy to northern Indiana, where as a Black person in the early 1950s, I was constantly reminded of my place, and of the penalties for overstepping it. Seeing the image of Emmett Tills dead body in Jet magazine in 1955 brought home vividly for my generation of Black kids that the consequences of failing to navigate carefully among white people could even be lethal.Explore the November 2023 Issue
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For the past 16 years, I have been on the faculty of the sociology department at Yale, and in 2018 I was granted a Sterling Professorship, the highest academic rank the university bestows. I say this not to boast, but to illustrate that I have made my way from the bottom of American society to the top, from a sharecroppers cabin to the pinnacle of the ivory tower. One might think that, as a decorated professor at an Ivy League university, I would have escaped the various indignities that being Black in traditionally white spaces exposes you to. And to be sure, I enjoy many of the privileges my white professional-class peers do. But the Black ghettoa destitute and fearsome place in the popular imagination, though in reality it is home to legions of decent, hardworking familiesremains so powerful that it attaches to all Black Americans, no matter where and how they live. Regardless of their wealth or professional status or years of law-abiding bourgeois decency, Black people simply cannot escape what I call the iconic ghetto.
I know I havent. Some years ago, I spent two weeks in Wellfleet, Massachusetts, a pleasant Cape Cod town full of upper-middle-class white vacationers and working-class white year-rounders. On my daily jog one morning, a white man in a pickup truck stopped in the middle of the road, yelling and gesticulating. Go home! he shouted.
Who was this man? Did he assume, because of my Black skin, that I was from the ghetto? Is that where he wanted me to go home to?
From the May 1994 issue: Elijah Anderson on the code of the streets
This was not an isolated incident. When I jog through upscale white neighborhoods near my home in Connecticut, white people tense upunless I wear my Yale or University of Pennsylvania sweatshirts. When my jogging outfit associates me with an Ivy League university, it identifies me as a certain kind of Black person: a less scary one who has passed inspection under the white gaze. Strangers with dark skin are suspect until they can prove their trustworthiness, which is hard to do in fleeting public interactions. For this reason, Black students attending universities near inner cities know to wear college apparel, in hopes of avoiding racial profiling by the police or others.
I once accidentally ran a small social experiment about this. When I joined the Yale faculty in 2007, I bought about 20 university baseball caps to give to the young people at my family reunion that year. Later, my nieces and nephews reported to me that wearing the Yale insignia had transformed their casual interactions with white strangers: White people would now approach them to engage in friendly small talk.When I jog through upscale white neighborhoods near my home, white people tense upunless I wear my Yale or Penn sweatshirt.
But sometimes these signifiers of professional status and educated-class propriety are not enough. This can be true even in the most rarefied spaces. When I was hired at Yale, the chair of the sociology department invited me for dinner at the Yale Club of New York City. Clad in a blue blazer, I got to the club early and decided to go up to the fourth-floor library to read The New York Times. When the elevator arrived, a crush of people was waiting to get on it, so I entered and moved to the back to make room for others. Everyone except me was white.
As the car filled up, I politely asked a man of about 35, standing by the controls, to push the button for the library floor. He looked at me andemboldened, I have to imagine, by drinks in the bar downstairssaid, You can read? The car fell silent. After a few tense moments, another man, seeking to defuse the tension, blurted, Ive never met a Yalie who couldnt read. All eyes turned to me. The car reached the fourth floor. I stepped off, held the door open, and turned back to the people in the elevator. Im not a Yalie, I said. Im a new Yale professor. And I went into the library to read the paper.
I tell these stories and Ive told them beforenot to fault any particular institution (Ive treasured my time at Yale), but to illustrate my personal experience of a recurring cultural phenomenon: Throughout American history, every moment of significant Black advancement has been met by a white backlash. After the Civil War, under the aegis of Reconstruction, Black people for a time became professionals and congressmen. But when federal troops left the former Confederate states in 1877, white politicians in the South tried to reconstitute slavery with the long rule of Jim Crow. Even the Black people who migrated north to escape this new servitude found themselves relegated to shantytowns on the edges of cities, precursors to the modern Black ghetto.
All of this reinforced what slavery had originally established: the Black bodys place at the bottom of the social order. This racist positioning became institutionalized in innumerable ways, and it persists today.
I want to emphasize that across the decades, many white Americans have encouraged racial equality, albeit sometimes under duress. In response to the riots of the 1960s, the federal governmentled by the former segregationist Lyndon B. Johnsonpassed far-reaching legislation that finally extended the full rights of citizenship to Black people, while targeting segregation. These legislative reformsand, especially, affirmative action, which was implemented via LBJs executive order in 1965combined with years of economic expansion to produce a long period of what I call racial incorporation, which substantially elevated the income of many Black people and brought them into previously white spaces. Yes, a lot of affirmative-action efforts stopped at mere tokenism. Even so, many of these tokens managed to succeed, and the result is the largest Black middle class in American history.To survive in white workplaces, Black newcomers must perform an elaborate dance in which they demonstrate their distance from the ghetto.
Over the past 50 years, according to a study by the Pew Research Center, the proportion of Black people who are low-income (less than $52,000 a year for a household of three) has fallen seven points, from 48 to 41 percent. The proportion who are middle-income ($52,000 to $156,000 a year) has risen by one point, to 47 percent. The proportion who are high-income (more than $156,000 a year) has risen the most dramatically, from 5 to 12 percent. Overall, Black poverty remains egregiously disproportionate to that of white and Asian Americans. But fewer Black Americans are poor than 50 years ago, and more than twice as many are rich. Substantial numbers now attend the best schools, pursue professions of their choosing, and occupy positions of power and prestige. Affirmative action worked.
But that very success has inflamed the inevitable white backlash. Notably, the only racial group more likely to be low-income now than 50 years ago is whitesand the only group less likely to be low-income is Black.
Read: Five decades of white backlash
For some white people displaced from their jobs by globalization and deindustrialization, the successful Black person with a good job is the embodiment of whats wrong with America. The spectacle of Black doctors, CEOs, and college professors out of their place creates an uncomfortable dissonance, which white people deal with by mentally relegating successful Black people to the ghetto. That Black man who drives a new Lexus and sends his children to private schoolhe must be a drug kingpin, right?
In predominantly white professional spaces, this racial anxiety appears in subtler ways. Black people are all too familiar with a particular kind of interaction, in the guise of a casual watercooler conversation, the gist of which is a sort of interrogation: Where did you come from?; How did you get here?; and Are you qualified to be here? (The presumptive answer to the last question is clearly no; Black skin, evoking for white people the iconic ghetto, confers an automatic deficit of credibility.)
Black newcomers must signal quickly and clearly that they belong. Sometimes this requires something as simple as showing a company ID that white people are not asked for. Other times, a more elaborate dance is required, a performance in which the worker must demonstrate their propriety, their distance from the ghetto. This can involve dressing more formally than the job requires, speaking in a self-consciously educated way, and evincing a placid demeanor, especially in moments of disagreement.
From the November 2018 issue: The personal cost of Black success
As part of my ethnographic research, I once embedded in a major financial-services corporation in Philadelphia, where I spent six months observing and interviewing workers. One Black employee I spoke with, a senior vice president, said that people of color who wanted to climb the management ladder must wear the right uniform and work hard to perform respectability. Theyre never going to envision you as being a white male, he told me, but if you can dress the same and look a certain way and drive a conservative car and whatever else, theyll say, This guy has a similar attitude, similar values [to we white people]. Hes a team player. If you dont dress with the uniform, obviously youre on the wrong team.
This need to constantly perform respectability for white people is a psychological drain, leaving Black people spent and demoralized. They typically keep this demoralization hidden from their white co-workers because they feel that they need to show they are not whiners. Having to pay a Black tax as they move through white areas deepens this demoralization. This tax is levied on people of color in nice restaurants and other public places, or simply while driving, when the fear of a lethal encounter with the police must always be in mind. The existential danger this kind of encounter poses is what necessitates The Talk that Black parentsfearful every time their kids go out the door that they might not come back alivegive to their children. The psychological effects of all of this accumulate gradually, sapping the spirit and engendering cynicism.
Even the most exalted members of the Black elite must live in two worlds. They understand the white elites mores and values, and embody them to a substantial extentbut they typically remain keenly conscious of their Blackness. They socialize with both white and Black people of their own professional standing, but also members of the Black middle and working classes with whom they feel more kinship, meeting them at the barbershop, in church, or at gatherings of long-standing friendship groups. The two worlds seldom overlap. This calls to mind W. E. B. Du Bois double consciousnessa term he used for the first time in this publication, in 1897referring to the dual cultural mindsets that successful African Americans must simultaneously inhabit.
From the August 1897 issue: W. E. B. Du Bois Strivings of the Negro People
For middle-class Black people, a certain fluidityabetted by family connectionsenables them to feel a connection with those at the lower reaches of society. But that connection comes with a risk of contagion; they fear that, meritocratic status notwithstanding, they may be dragged down by their association with the hood.
When I worked at the University of Pennsylvania, some friends of mine and I mentored at-risk youth in West Philadelphia.
One of these kids, Kevin Robinson, who goes by KAYR (pronounced K.R.), grew up with six siblings in a single-parent household on public assistance. Two of his sisters got pregnant as teenagers, and for a while the whole family was homeless. But he did well in high school and was accepted to Bowdoin College, where he was one of five African Americans in a class of 440. He was then accepted to Dartmouths Tuck School of Business, where he was one of 10 or so African Americans in an M.B.A. class of roughly 180. He got into the analyst-training program at Goldman Sachs, where his cohort of 300 had five African Americans. And from there he ended up at a hedge fund, where he was the lone Black employee.
Whats striking about Robinsons accomplishments is not just the steepness of his rise or the scantness of Black peers as he climbed, but the extent of cultural assimilation he felt he needed to achieve in order to fit in. He trimmed his Afro. He did a pre-college program before starting Bowdoin, where he had sushi for the first time and learned how to play tennis and golf. Let me look at how these people live; let me see how they operate, he recalls saying to himself. He decided to start reading The New Yorker and Time magazine, as they did, and to watch 60 Minutes. I wanted people to see me more as their peer versus someone from the hood. I wanted them to see me as, like, Hey, look, hes just another middle-class Black kid.? When he was about to start at Goldman Sachs, a Latina woman who was mentoring him there told him not to wear a silver watch or prominent jewelry: ?KAYR, go get a Timex with a black leather band. Keep it very simple Fit in.? My friends and I had given him similar advice earlier on.
All of this worked; he thrived professionally. Yet even as he occupied elite precincts of wealth and achievement, he was continually getting pulled back to support family in the ghetto, where he felt the need to code-switch, speaking and eating the ways his family did so as not to insult them.
The year he entered Bowdoin, one of his younger brothers was sent to prison for attempted murder, and a sister who had four children was shot in the face and died. Over the years he would pay for school supplies for his nieces and nephews, and for multiple family funeralsall while keeping his family background a secret from his professional colleagues. Even so, he would get subjected to the standard indignitiesbeing asked to show ID when his white peers were not; enduring the (sometimes obliviously) racist comments from colleagues (You dont act like a regular Black). He would report egregious offenses to HR but would usually just let things go, for fear that developing a reputation as a race guy would restrict his professional advancement.
Robinsons is a remarkable success story. He is 40 now; he owns a property-management company and is a multimillionaire. But his experience makes clear that no matter what professional or financial heights you ascend to, if you are Black, you can never escape the iconic ghetto, and sometimes not even the actual one.
The most egregious intrusion of a Black person into white space was the election (and reelection) of Barack Obama as president. A Black man in the White House! For some white people, this was intolerable. Birthers, led by Donald Trump, said he was ineligible for the presidency, claiming falsely that he had been born in Kenya. The white backlash intensified; Republicans opposed Obama with more than the standard amount of partisan vigor. In 2013, at the beginning of Obamas second term, the Supreme Court gutted the Voting Rights Act, which ad protected the franchise for 50 years. Encouraged by this opening, Alabama, Mississippi, North Carolina, and Texas moved forward with voter-suppression laws, setting a course that other states are now following. And this year, the Supreme Court outlawed affirmative action in college admissions. I want to tell a story that illustrates the social gains this puts at risk.
Many years ago, when I was a professor at Penn, my father came to visit me. Walking around campus, we bumped into various colleagues and students of mine, most of them white, who greeted us warmly. He watched me interact with my secretary and other department administrators. Afterward, Dad and I went back to my house to drink beer and listen to Muddy Waters.
So youre teaching at that white school? he said.
Yeah.
You work with white people. And you teach white students.
Yeah, but they actually come in all colors, I responded. I got his point, though.
Well, let me ask you one thing, he said, furrowing his brow.
Whats that, Dad?
Do they respect you?
After thinking about his question a bit, I said, Well, some do. And some dont. But you know, Dad, it is hard to tell which is which sometimes.
Oh, I see, he said.
He didnt disbelieve me; it was just that what hed witnessed on campus was at odds with his experience of the typical Black-white interaction, where the subordinate status of the Black person was automatically assumed by the white one. Growing up in the South, my dad understood that white people simply did not respect Black people. Observing the respectful treatment I received from my students and colleagues, my father had a hard time believing his own eyes. Could race relations have changed so much, so fast?
Read: A 1999 interview with Elijah Anderson on his book Code of the Street
They hadin large part because of what affirmative action, and the general processes of racial incorporation and Black economic improvement, had wrought. In the 1960s, the only Black people at the financial-services firm I studied would have been janitors, night watchmen, elevator operators, or secretaries; 30 years later, affirmative action had helped populate the firm with Black executives. Each beneficiary of affirmative action, each member of the growing Black middle class, helped normalize the presence of Black people in professional and other historically white spaces. All of this diminished, in some incremental way, the power of the symbolic ghetto to hold back people of color.
Too many people forget, if ever they knew it, what a profound cultural shift affirmative action effected. And they overlook affirmative actions crucial role in forestalling social unrest.
Some years ago, I was invited to the College of the Atlantic, a small school in Maine, to give the commencement address. As I stood at the sink in the mens room before the event, checking the mirror to make sure all my academic regalia was properly arrayed, an older white man came up to me and said, with no preamble, What do you think of affirmative action?
I think its a form of reparations, I said.
Well, I think they need to be educated first, he said, and then walked out.
I was so provoked by this that I scrambled back to my hotel room and rewrote my speech. Id already been planning to talk about the benefits of affirmative action, but I sharpened and expanded my case, explaining that it not only had lifted many Black people out of the ghetto, but had been a weapon in the Cold War, when unaligned countries and former colonies were trying to decide which superpower to follow. Back then, Democrats and some Republicans were united in believing that affirmative action, by demonstrating the countrys commitment to racial justice and equality, helped project American greatness to the world.
Beyond that, I said to this almost entirely white audience, affirmative action had helped keep the racial unrest of the 60s from flaring up again. When the kinthe mothers, fathers, cousins, nephews, sons, daughters, baby mamas, uncles, auntsof ghetto residents secure middle-class livelihoods, those ghetto relatives hear about it. This gives the young people who live there a modicum of hope that they might do the same. Hope takes the edge off distress and desperation; it lessens the incentives for people to loot and burn. What opponents of affirmative action fail to understand is that without a ladder of upward mobility for Black Americans, and a general sense that justice will prevail, a powerful nurturer of social concord gets lost.
Yes, continuing to expand the Black professional and middle classes will lead to more instances of the dance, and the loaded interrogations, and the other awkward moments and indignities that people of color experience in white spaces. But the greater the number of affluent, successful Black people in such places, the faster this awkwardness will diminish, and the less power the recurrent waves of white reaction will have to set people of color back. I would like to believe that future generations of Black Americans will someday find themselves as pleasantly surprised as my dad once was by the new levels of racial respect and equality they discover.
This article appears in the November 2023 print edition with the headline Black Success, White Backlash.

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Sports
Initial ALCS, NLCS impressions: Are Mariners and Dodgers World Series-bound?
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36 mins agoon
October 15, 2025By
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We are two games into both 2025 league championship series, and it’s time for our initial impressions based on what we have seen on the field.
The Seattle Mariners are headed home with a 2-0 ALCS lead after downing the Toronto Blue Jays on consecutive days to start the series.
In the NLCS, the defending champion Los Angeles Dodgers have jumped out to a 2-0 road advantage of their own against the Milwaukee Brewers.
What has stood out most so far — and what’s next for the World Series hopefuls? Our MLB experts weigh in.
ALCS: Mariners vs. Blue Jays
What has surprised you most so far?
Jorge Castillo: The assumption was Seattle’s pitching staff, drained after an exhausting ALDS that concluded with a 15-inning Game 5 on Friday, would need at least Sunday’s ALCS opening game to reset. But Mariners pitchers did not relent. Game 1 starter Bryce Miller set the tone, rebounding from a rocky first inning to give the Mariners six crucial innings. The bullpen starred in Game 2, when Eduard Bazardo, Carlos Vargas and Emerson Hancock each tossed two scoreless innings. Tuesday’s off day should only help the Mariners as the series shifts to their cavernous home ballpark.
Jeff Passan: The lack of competitive at-bats from the Blue Jays. Yes, the Mariners’ pitching is very good. But the Blue Jays — whose high-quality, work-the-count, spoil-pitches approach all season helped deliver them an AL East championship — were practically tweaking to swing at Miller’s pitches in Game 1 and weren’t much better in Game 2. Vladimir Guerrero Jr. is hitless. As are Daulton Varsho, Andres Gimenez and Davis Schneider.
Four runs in two games is not going to do it against a lineup as deep as the Mariners’ and with a pitching staff as susceptible as the Blue Jays’ has been this postseason.
How can the Mariners close this out at home?
Castillo: Hitting home runs at T-Mobile Park isn’t easy — the Mariners hit 134 on the road and 108 at home — but long balls are often the difference in October. Such was the case in Game 2, when the Mariners scored eight of their 10 runs on three homers — two three-run home runs and a two-run shot.
The Blue Jays surrendered 209 home runs during the regular season — the sixth-most allowed in the majors and the most allowed by a postseason team. If the Mariners continue hitting mistakes over the fence, the Blue Jays’ chances of winning four of the next five games are slim to none.
Passan: Do not treat this as a coronation. Too much has happened in Mariners history to ever doubt that something can go very wrong. They have existed 49 years and never so much as made a World Series.
The real answer: cut down on the punchouts. The Mariners are striking out more than 30% of the time over the first two games, and it diminishes opportunities compared to Toronto, which is at 13%. Like Jorge said, as long as Seattle is hitting home runs, this might be moot. In the absence of that, though, putting the ball in play can save them.
What can the Blue Jays do to get this series back to Toronto?
Castillo: It starts with scoring more runs. The Mariners’ pitching staff, tired and all, has silenced an offense that demolished Yankees pitching last week. The Blue Jays tallied only four runs in the two games in Toronto. All were scored in the first two innings. In Game 2, the Blue Jays went 1-for-28 with three walks after the second inning.
Nathan Lukes and George Springer are the only Blue Jays with multiple hits in the series. Guerrero is 0-for-7 with one walk after finishing the ALDS 9-for-17 with three home runs. Varsho is 0-for-7. Addison Barger and Andres Giménez are 0-for-6. Springer’s leadoff home run in Game 1 was the only ball Toronto hit over the fence.
The Blue Jays scored 21 runs in a three-game sweep of the Mariners during the regular season. But that was at home in May, and T-Mobile Park is a pitcher’s haven. It’ll be a quick series if their bats don’t wake up in Seattle.
Passan: Just look at Game 1 of the NLCS. The Dodgers’ offense is struggling, and it really doesn’t matter because Blake Snell threw eight of the most brilliant innings you’ll ever see. And even though Shane Bieber and Max Scherzer, the Blue Jays’ starters in Game 3 and Game 4, are not near Snell’s caliber today, they are both former Cy Young winners who have pitched in huge games. Seattle’s pitching is too good for Toronto to win this series via slugfests. So the Blue Jays are simply going to have to beat the Mariners at their own game: solid starting pitching and enough relief to backfill.
NLCS
What has jumped out to you most so far?
Bradford Doolittle: The Dodgers’ starting pitching has been lights-out. It’s not just all the zeros that Blake Snell and Yoshinobu Yamamoto put up; the Brewers’ hitters looked overmatched against them most of the time. Milwaukee had a clear plan to ambush Yamamoto as often as possible in Game 2, but after Jackson Chourio‘s first-pitch leadoff homer, it just didn’t work. Yamamoto kept pumping in strikes, and the Brewers did nothing with them.
Jesse Rogers: The Dodgers’ starting pitching went from iffy to dominant in the blink of an eye. Part of the reason the Brewers went 6-0 against L.A. during the regular season is that they faced a team piecing together its starting staff. Dave Roberts even admitted to “slow playing” Snell just to have him ready for this moment.
Not even a first-pitch home run by Chourio off Yamamoto in Game 2 could change the narrative. Yamamoto threw a 111-pitch complete game, giving up only two more hits and a walk after that long ball. On most teams, Tyler Glasnow and Shohei Ohtani would be the No. 1 and No. 2 pitchers, but the Dodgers will roll them out against Milwaukee at Dodger Stadium later this week. It’s an embarrassment of riches — and it could doom the Brewers’ chances at their first World Series title.
What do the Dodgers need to do to close out this series at home?
Bradford Doolittle: Just keep riding the wave. The L.A. rotation has become the story of the postseason so far, and even though the Dodgers’ offense hasn’t matched the pitchers in terms of dominance, this is the hottest team around right now. And the offense isn’t going to grind this way forever.
Jesse Rogers: Just keep pitching the way they are and maybe get Ohtani going at the plate. Not that they’ve needed him so far, but if he starts to light it up, this series won’t return to the Midwest. Closer Roki Sasaki is also likely to be more comfortable in his home setting than he was in Game 1. All signs point to the Dodgers winning a short series.
What do the Brewers need to get this series back to Milwaukee?
Bradford Doolittle: They need traffic on the bases, especially early in the games. They haven’t been able to showcase their athleticism against the Dodgers because no one has been getting on base. Get on base, hope to unnerve Glasnow and Ohtani and get into that L.A. bullpen by the fourth or fifth inning. The formula isn’t complicated, but the way the Dodgers are going, executing it will be a challenge.
Jesse Rogers: Putting up a crooked number would help. Somewhere along the line, they need one of those Brewers innings — the kind that forces the defense into mistakes while utilizing their speed and ability on the basepaths to create havoc. Easier said than done against this Dodgers starting staff, but if they can get into the underbelly of L.A.’s bullpen, they have a chance. That’s the path forward for the Brewers.
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October 15, 2025By
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Trump’s new China threat, bank earnings, Boeing deliveries and more in Morning Squawk
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October 15, 2025By
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Travis Hutchison, a soybean farmer, unloads his cargo from his family’s truck at a local grain dealer in Queen Anne, Maryland, on Oct. 10, 2025.
Roberto Schmidt | AFP | Getty Images
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.
Here are five key things investors need to know to start the trading day:
1. Transpacific turmoil
The volatile U.S.-China relationship hit another bump yesterday when President Donald Trump said he is considering placing a cooking oil embargo on Beijing in retaliation for it’s refusal to buy U.S. soybeans. The ongoing feud has led to choppy stock market trading over recent days.
Here’s the latest:
- In a Truth Social post published shortly before yesterday’s closing bell, Trump wrote that China’s refusal to buy American soybeans is “an Economically Hostile Act.” Trump threatened blocking all business with China “having to do with Cooking Oil.”
- China was the top buyer of the U.S. crop last year but has not purchased any soybeans since May, as the countries have sparred over trade policy.
- The White House has criticized China in recent days and threatened a new 100% tariff, following China’s tightening of export restrictions for rare earth materials.
- U.S. Trade Representative Jamieson Greer told CNBC yesterday that China’s future actions will determine if the higher levies are actually implemented. Meanwhile, Treasury Secretary Scott Bessent said China’s latest moves are an attempt “to pull everybody else down with them.”
- Stocks have whipsawed in recent sessions as investors monitored the latest developments. The S&P 500 ended yesterday’s session in the red after Trump’s post stymied the index’s attempted comeback.
- Follow live market updates here.
2. Banking on it
A customer uses an ATM at a Bank of America branch in Boston, Massachusetts.
Brian Snyder | Reuters
3. Day 15
Travelers wait to go through security at O’Hare International Airport (ORD) in Chicago, Illinois, US, on Friday Oct. 10, 2025.
Christopher Dilts | Bloomberg | Getty Images
While Trump has repeatedly said that his administration’s mass layoffs are targeting “Democrat Agencies” amid the shutdown, the cuts also appear to be affecting bipartisan efforts. At the Treasury Department — where nearly 1,450 federal employees have received reduction-in-force notices — the entire 83-person staff of the bipartisan-supported Community Development Financial Institutions Fund was cut.
As the shutdown enters its third week, air traffic controllers have handed out leaflets at some airports urging the public to pressure Congress to reopen the government. Some airports meanwhile are refusing to play a video from Homeland Security Secretary Kristi Noem blaming Democrats for the shutdown.
4. Taking off
The Boeing Company at Paris Air Show 2025 in Le Bourget airport.
Nicolas Economou | Nurphoto | Getty Images
With September’s figures now in the books, Boeing is on track for its highest annual plane delivery count since 2018. The company said yesterday that it delivered 55 aircraft last month, bringing its total to 440 airplanes in the first nine months of 2025.
As CNBC’s Leslie Josephs notes, Boeing has been able to stabilize its production following several safety and production crises. Executives are aiming to increase production of Boeing’s pricey 737 Max planes.
Boeing on Tuesday also received approval from European Union antitrust regulators for its $4.7 billion acquisition of Spirit AeroSystems. The plane maker agreed to sell some of Spirit’s businesses to remedy competition concerns.
Get Morning Squawk directly in your inbox
5. Cash grab
Cheng Xin | Getty Images
The Justice Department seized around $15 billion worth of bitcoin from the cryptocurrency wallets of Chen Zhi, who prosecutors allege ran a large-scale “pig butchering” fraud operation in Cambodia. Zhi, who remains at large, is charged with wire fraud conspiracy and money laundering conspiracy.
It is the largest-ever forfeiture action sought by the DOJ.
The Daily Dividend
Survey results from JPMorgan highlight just how differently Americans in different income brackets view the economy.
— CNBC’s Leslie Josephs, Dan Mangan, Lillian Rizzo, Kevin Breuninger, Spencer Kimball, Jeff Cox and Liz Napolitano contributed to this report. Josephine Rozzelle edited this edition.
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