The Week in Numbers: US Shutdown Relief, Verizon Job Cuts, Burberry Revival

US Government Shutdown Ends

• 🏛️ The US government shutdown, lasting 43 days, concluded with President Donald Trump signing a funding package.
• 🇺🇸 The administration aims to focus on lowering living costs, enhancing public safety, and growing the economy.
• ⚠️ Democrats expressed frustration over the lack of federal health insurance subsidies in the deal.

Telecom and Tech Industry Shifts

• 📉 Verizon is reportedly planning 15,000 job cuts, potentially impacting 15% of its workforce, as part of a restructuring effort by new CEO Dan Schulman.
• 📺 Disney's shares dropped significantly after warning of a potential prolonged dispute with YouTube TV over the distribution of its television channels.

Global Economic Indicators

• 🇨🇳 China experienced its weakest factory output and retail sales growth in over a year, with industrial output growing by 4.9% year-on-year in October.
• 🇬🇧 Burberry reported a 2% rise in comparable store sales for its British luxury brand, marking the end of seven quarters of decline and indicating success in its turnaround measures.
• 💰 Burberry's operating profit for the six months ending September was $25.5 million.