Another government shutdown means there won't be a jobs report this Friday.
Plus,
a pension fund's $86 million loss on a coffee farm shows the risks of investing in private markets.
This is just a much more Wild West type of investing than public markets.
And the commitments that institutional investors make when they sign on for these types of ventures don't often give them a ton of recourse when things go poorly.
And if you've been looking to buy a home, the market might be finally swinging in your favor.
It's Monday, February 2nd.
I'm Alex Ocilla for The Wall Street Journal.
This is the PM edition of What's News,
the top headlines and business stories that move the world today.
First up in news today from the Trump administration,
the January jobs report that was scheduled to come out this Friday is delayed because of a government shutdown.
If you're thinking deja vu, well, you're not wrong.
It's the second time in five months that work has stopped at the Bureau of Labor Statistics, or BLS.
House Democrats are pushing for changes on immigration enforcement.
That's stalled a package of bills that includes money for the BLS.
WSJ economics reporter Matt Grossman says a delayed report isn't great news for investors.
It seems likely that the shutdown might not last quite as long,
but until they actually get that vote done, we're just in a holding pattern again.
In normal times,