5 things to know for Oct. 10

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The New York Times took a look at how travelers should adjust to the ongoing shutdown of the federal government in the U.S., with delays due to air traffic control staffing chief among the problems. Travel Safety Administration officials say they've not yet seen major issues, and the shutdown is not expected to affect visa and passport processing.

One surprisingly positive change for some travelers will be National Parks that regularly charge entry fees are largely free to enter now, albeit with curtailed staffing. Museums such as those of the Smithsonian Institution are largely closed.

Multiple U.S. Federal Reserve officials are making public comments in favor of further rate cuts, often with the backdrop of concerns over the labor market. Fed Governor Christopher Waller told CNBC that he supports lowering rates but also wants caution.

“I want to move towards cutting rates, but you’re not going to do it aggressively and fast, in case you make a big mistake on which way that things go,” he said

Meanwhile, John Williams, president of the Federal Reserve Bank of New York, told The New York Times his top concern is labor and that's why he supports cuts.

“The risks of a further slowdown in the labor market is something I’m very focused on,” he said.

While the outlook for the FIFA World Cup 26 is a positive one for U.S. hoteliers, displaced group business and questions about which teams will play where still factor in to just how good the event will be in specific markets, CoStar News' Trevor Simpson reports. The one market that seems to have a head start, though, is Los Angeles, which has already been confirmed to host two U.S. national team games.

Adam Burke, president and CEO of Los Angeles Tourism, said he was glad to get ahead of the rest of the country — along with Canada and Mexico — that is still waiting for the Dec. 5 release of the tournament's draw.

"This early confirmation allows us to invite global soccer fans to start their World Cup experience in Los Angeles," he said in an email interview. "It also provides a head start for our hospitality partners to plan fan activations and community events, and the team itself to finalize all logistics, accommodations and training in advance, allowing the players to focus on their on-field strategy."

Tariffs and years of pandemic-induced disruptions have created long-term havoc for global supply chains, and it seems like shipping has yet another hurdle to overcome with Bloomberg reporting the U.N.'s International Maritime Organization is looking at implementing new rules to offset greenhouse gas emissions.

The news outlet reports: "The Trump administration has criticized the proposed emission fees, labeling them a 'global carbon tax on Americans levied by an unaccountable UN organization.' It’s threatened tariffs and other penalties should the new mechanism be adopted."

The IMO's plan represents the "first-ever global price on vessels’ emissions and an economic incentive to switch to cleaner fuels." If approved, the changes would start in 2027 and payments would be required beginning in 2029.

With economists and business leaders worried about the lack of government data available during the ongoing shutdown in the U.S., some federal employees have been recalled to produce key reports, The Wall Street Journal reports. Some workers at the Bureau of Labor Statistics specifically are back on the job to crunch inflation data.

"Like other key economic indicators, the inflation report was expected to be delayed because nearly all employees of the Bureau of Labor Statistics are furloughed during the shutdown," the newspaper reports. "The consumer-price index is a crucial economic data point relied on by investors, policymakers and businesses. The Federal Reserve pays close attention to the report when it considers decisions on interest rates."

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