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Today's top stories: Debt ceiling debate, Tyson Foods earnings, Virgin Galactic flight

Yahoo Finance

The Yahoo Finance Live breaks down the top news stories from the trading day on Monday.

Video transcript

[AUDIO LOGO]

AKIKO FUJITA: It is closing time here at Yahoo Finance. Let's get you caught up on some of the biggest headlines of the day.

We are kicking things off with the debt ceiling. That is the big focus with, Tuesday, President Biden is set to meet with the big four congressional leaders at the White House. We'll also have both chambers of Congress back in session. You can expect negotiations to be coming fast and furious as the US comes closer to being unable to pay its bills.

SEANA SMITH: Tyson Food shares sliding 16% today after its second-quarter earnings missed estimates. The company reporting a surprise loss, also cutting its fiscal 2023 outlook, citing a, quote, challenging protein market.

AKIKO FUJITA: And Virgin Galactic is returning to the edge of space. The space tourism company will launch its latest flight in late May with the hope of being able to start commercial operations next month.