Following the Fed's decision to cut interest rates for the second time this year, Federal Reserve Chair Jerome Powell acknowledged economic damage wrought by the government shutdown — but downplayed its enduring impact. Read more: https://abcnews.visitlink.me/JZsjcG | ABC News

California Gov. Gavin Newsom tells Jon Karl that the Democratic Party should learn "how to build a brand" from NYC mayoral candidate Zohran Mamdani. "My hope is for all of us that when he wins...that he's as effective governing the city as he was campaigning." Watch tomorrow at 8:30PM ET on ABC News Live and stream on Disney and Hulu. | ABC News

SNAP benefits will run out of money this weekend, according to the U.S. Department of Agriculture. ABC News' Jay O'Brien explains how we got here. https://abcnews.visitlink.me/1K8EeE | ABC News

Gov. Gavin Newsom says that President Trump backed down from deploying the National Guard to San Francisco because “he listens to billionaires” and people "doing business with his son.” "They had his ear, they bent it, and he backed down. It's not complicated," he tells ABC News’ Jon Karl. Watch the full conversation NOW on ABC News Live and stream on Disney Plus and Hulu. | ABC News