tv Markets Now FOX Business October 7, 2013 1:00pm-3:01pm EDT
we take a look with pawn stars. adam: we had to head over to the new york stock exchange and our own nicole petallides watching the doll with triple digit losses. nicole: we continue to see the market trending lower, that has been what we were seeing up to the government shutdown. a little bit of a pop starting the new month, the new corridor, and back to what we have been seeing, this nervousness, wait and see mode. it is a holding pattern. some of the serious investors say already made 15% of my money, they are taking their money out altogether. talk about the fact just wait and see pattern not yet the buying opportunity, but we are watching the fixed fee or index. while they'r we're not seeing dc move in the market we are dropping through support levels.
sitting around three month highs. they do expect volatility and any headline from washington is a market moving event one way or another. right now and little bit of jitters on wall street. back to you. adam: thank you. lori: crude falling for the first time in a month tropical storm force in the production shutdown with refineries coming back#% the turmoil in d.c. increasing, fox business contributor phil flynn joining us from the cme. what is the latest? >> focusing on washington or tropical storm karen. a little bit of both today. they were way down today. breathing a big sigh of relief turning it into any major damage. washington had a major meltdown. bearish, bearish, bearish.
the market actually turned around and some refinery may have taken on a little bit of water and maybe some maintenance getting started little bit later bringing back the gap delay and the heating oil. we heard a report that the pipeline was down. it is a very important pipeline bringing oil down to the gulf coast from north dakota and canada. we cannot get oil from the goal for canada, we are in big trouble. that is supposed to be back online. natural gas getting a pop today. concern of big exports in mexico bringing us up, and gold with the government shutdown rallying today. worried about how crazy things can get in washington. back to you. lori: that sums it up. phil flynn, everybody is focused on d.c. right now. one present obama making his latest demand to end the government shutdown.
rich edson has the latest for us. rich: president obama visiting fema t morning. federal emergency management association making the point the government shutdown has cut staff at fema and could be costly for people in the united states if there was a disaster. house speaker john boehner says they want fema up and running, they can pass a particular portion, a particular bill of government funding that house republicans have put on the floors. something that continues, the politics involved going back and forth on capitol hill from harry reid spokesperson saying speaker john boehner should stop the games and let the vote on the government funding bills the entire federal government can reopen within 24 hours. back from speaker boehner's people saying passing a spending bill at the level required by law is a concession for time first and its democrats to
continuslowthe full outreach anh the problems at hand. the federal government's shutdown because they refuse to negotiate and the debt limit is right around the corner. a clandestine increase cannot pass the senate, yet alone the house. fox has confirmed with the senate will do this week's attempt to begin the process of passing a bill that raises the debt ceiling for an entire year. without any other spending cuts or policies attached to it. that will likely fail, but as far as high-level negotiations to end the impasse when it comes to government spending or the debt ceiling deadline, which the deadline is october 17, the state has been no discussion of a large deal or agreements to resolve both those issues so it continues. back to you. adam: seven days and counting. thank you. lori: it continues as we edge closer to the october 17 deadline house speaker john boehner saying he will not raise the debt ceiling without a serious conversation of what is driving the debt.
let's bring in fox news contributor scott brown. thank you very much for joining us. >> sure, it is great to be on. lori: we just heard from the president reiterating the same thing after weekend were all the major players made the sunday talkshow rounds essentially saying the same thing, a lot of frederick yet nothing has been accomplished. no resolution to reopen the government let alone get a debt ceiling deal. what, if anything, has congress accomplished with all this talk? >> it is just that, talk. they talk a lot, and the problem with congress is everybody is to blame. they've known about these deadlines for almost a year now. so to have harry reid wait until the very end as so there is no room to negotiate and then have it shut down is sad number one. number two, house has offered some compromises. they want to delay the imitation
of obamacare for a year, so maybe not a year, how about going down to six months because we know this is a train wreck as noted from the comments from my former democratic colleagues, medical device tax hurt businesses in massachusetts and throughout the country. so many things wrong with it may have an affirmative obligation to fix it. lori: the come common demises fm the republican side, this morning suggesting the way this is playing out is not helping out the republican cause. the party itself may be cratering between the tea party and establishment and it very well might cost them the house majority in 2014. do you see that being an ultimate outcome of all of this? >> obviously there is the mainstream media that the president has at his disposal. we all know there is a slight slant in favor of obviously the
administration policies. however he has to draw a line in the sand. say we do a continuing resolution where we fund the government and let's say the next big thing is the debt ceiling, which it obviously is. do the american people really want our debt ceiling to increase again without any type of offsetting cuts, and do they want us to start the deal with the 17 plus trillion dollars national debt looming out there? at what point do we say okay, we got to get our act together, become the financial leader in this world so that the rest of the world looks at us like we know what we're doing. it's broken. lori: sorry to interrupt you, that is such an imperative point the debt ceiling has been a key tool in reining in government spending. we've been down this road before, almost like groundhog day, the spending battles. what, if anything, could break the stalemate short of an outcome of an election?
>> certainly the constant posturing back and forth, having all the leaders democrats or republicans including the president throwing barbs through the media at each other. that will not be helpful. the president needs to bring people to the white house, sit down playing basketball with all these people and goes on golfing expeditions and all these great trips. he needs to bring the key players in the house and senate and hammered out until it gets done. as wit what the american people demand, we all deserve better he had had to put our country's interest first and not the political partisan interests. lori: how do you see this unfolding from here? we are running up against it, this october 17 debt ceiling deadline. do you think this deadline will extend through the debt ceiling deadline? >> first of all they've known about the status, the 17th is certainly a semi-deadline.
as you know we have tarp money, gold in the federal reserve, other money that can get us through until november 1 but either way it is within a couple of weeks so listen, speaking to some of my former colleagues are not hopeful it will be done anytime soon, they will continue on with the posturing and i believe they will go up to the deadline and do a grand bargain the american people have said okay, enough. that includes democrat, republican and anybody else in between. lori: would you be in favor of a default? >> i think that sends a very bad message not only the american people and our investors on the market dealing and financing, but it sends a terrible message to the rest of the world we cannot get our fiscal financial house in order. this is what everybody was sent down in washington to do. not to stay in their offices and throw barbs through the media. they were paid to sit down,
figure it out. lori: thank you for your take on all of this area did we appreciate it. adam: following the lead of the defense department updating furlough plans. lockheed martin affects his furlough 2400 employees rather than 3000 previously expected. over the weekend the pentagon decided to recall most vital civilian staff after that announcement united technologies canceled its for load plans. defense stocks were mostly higher in trading. a pair of retailers. lori: on the slowing economic growth. macy's shelving plans to expand operations on the website planning to sell private label items this spring. the slowdown in china could be more than a blip. the company ceo telling a french newspaper it could be the new normal. the first warned of china more than a year ago and already closed half of its stores there. adam: let's talk about tesla.
shares are jumping. rise in the price target and maintaining its buy rating. the stock took a beating after video surfaced of a model s on fire. that was after the model s hit something in the middle of the road, an accident in seattle. tesla ceo fired back against critics saying if a conventional car had been involved, the fire would have been much worse. shares of tesla are closed recovering. the loss is resulting from that video going viral. they had been up $190 per share before the accident. just one positive in the past minute. lori: how much did you make during the financial crisis? the genius of warren buffett and the numbers to prove it. one general motors with a new approach of where your hands should be when you drive. try off the wheel. lori: blackberry buyers and suitors looking to roll the dice the struggling smartphone maker. we are naming names helping to
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lori: as we do every 15 minutes, let's check the markets. nicole petallides is on the floor of the new york stock exchange. blackberry getting a nice boost today. what is behind it? nicole: it is, really bucking the trend. we talked about to potential suitors and now seems there may be some more interest in blackberry, at least parts of blackberry. as enough to give it a 4% boost and putting it to the $8 mark. nowhere near the $18 mark it was in january but now gives that momentum here today on a day we're seeing selling. some of the suitors and buyers may be google, cisco and sap. there was some talk about samsung, but moments ago we got some news the spokesperson said samsung is not considering the acquisition of blackberry, but they may be interested in part,
selling parts of blackberry, so we will see. don't forget fairfax. a lot of talk and some of the analysts say to hold onto your blackberry shares. lori: not a done deal yet. adam: president obama spoke moments ago on the need for congress to act to stop the government shut down. here's what he said. president obama: the truth is there are enough republican and democratic votes in the house of representatives right now to end the shoo shut down with no stris attached. the house should hold that vote today. if republicans and speaker john boehner say there are not enough votes, they should prove it, let's the bill go to the floor and see what happens. just vote. lori: there you have it. joining us to help make some money and all about crystal clear profit.
charles: this is a company that works with crystal and sapphire. this is the one i'm excited about, sapphire which is a glass display extraordinarily strong, three times stronger, the tablet, the phone, whatever. three times stronger than what they are using right now. stronger than the gorilla glass. with respect to touching. the sensitivity part. the backlog is growing by leaps and bounds. it is interesting i did a presentation, the heavy tablet, watch, a phone, camera lens, all end all and all of the possibilities. it has a lot of potential, the stock exploded, came all the way down because of missed execution.
the execution seems be doing a lot better. i think they are on a roll now. adam: are they doing any research into flexible glass? the holy grail right now. charles: look more like organic led more on the bending stuff we had extraordinarily volatile stock. i have recommended it many times. it is getting back to a point, but this is just the idea everything is touchscreen, so much better with respect to being scratch proof, being strong. earnings phenomenal execution, guidance has been phenomenal. they are finally clicking on all cylinders. it is a hidden gem. lori: is today status symbol cracked screens and decorate them with sharpies. charles: ultimately they get older and think i need to see
what i am reading. my son has had a cracked screen on his laptop for a year and a half and i am shocked he has not asked me for a new one. i hate it. adam: he doesn't want to see the text messages from dad and mom. lori: bingo be at adam: pawnbrokers with a man who knows best. rick harrison of tvs "pawn stars." coming up. lori: in the case surrounding bernie madoff as well as allen stanford back in court and how it could impact you coming up.
street in midtown manhattan. a large box missing dangling at the end of the train about 40 stories above the street below. last october a separate crane snapped during a windstorm associated with super storm sandy. a nine-year-old boy tried his luck over the weekend on a flight to las vegas. the boy made it through tsa security and boarded the plane alone. apparently without a ticket. during a flight from minneapolis to las vegas, camillus became suspicious and alerted authorities in las vegas. now back to lori. lori: thank you, lauren. allen stanford ponzi scheme cheated money from investors pockets. after a three month break it is the first case in many the u.s. supreme court is taking up. peter barnes has the latest on the docket. peter: he was collated lesser defrauding defrauding 25,000 investors out of $7 billion in a
ponzi scheme. almost all that money is gone, so on behalf of investors some class-action lawyers filed a suit against some of stanford law firms. his insurance firm and other third parties to try and get some money from them. the class-action suits say the firm aided and abetted stanford in the fraud when investors by certificates of composite. they said those cds were backed by safe and marketable stocks and bonds. the problem for the investors is 1998 federal law that congress approves to limit frivolous class-action lawsuits in securities cases filed in state court. the attorney for stanford's law firms and the others, paul clement argued this law blocks the class-action lawsuit by the investors. but the attorney for the investors, thomas goldstein, says no, it does not because stanford international bank never sold any securities, a
stocks and bonds at all, it only sold cds. so the next 98 federal law does not apply here and the investors class-action lawsuits against stanford's advisors should be allowed to move forward. if the supreme court agrees, it could open up lawsuits for a lot of other investors who cheated in ponzi schemes and other frauds. hard to read the justices in this case from the questions and comments from the bench today, they seemed to side with the investors saying "there were no securities involved here." the court is expected to hand down his decision by summer of next year. lori. lori: that'll be an interesting outcome. thanks, peter. adam: three selection begins tomorrow for employees of bernie madoff he had his secretary and for other key employees will face trial for their roles in the biggest investment scam in history.
the key witnesses because the prosecution, b madoff deputy investment officer who pled guilty in 2009 to helping madoff and others carry out the fraud. the trial is expected to last up to five months. lori: turns out it pays to loan money to your friends if you are warren buffett and your friends are large companies. adam: how about investing in a black hole? investing here despite the shutdown consuming everything around it. lori: look at the biggest losers on the dow today. ♪ [ indistinct shouting ]
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lori: and time for stocks now. as we do every 15 minutes let's head to the floor of the new york stock exchange and nicole petallides. we're down but off the lows of the session. >> that's right, lori and adam. we were down triple digits earlier in the day. now down about 82 points. you still see the government shutdown is weighing on the markets. i wanted to talk about a different topic and that is how the nyse and the nasdaq battle it out for listings. we're focused so much on twitter's ipo, where will that go? turns out we have big news today. marriott, bringing it over here to the stocks to check it out, it is down about 1% today. marriott is leaving nyse, going over to the nasdaq. and so this is a 12.000000000 market cap company. that's a big deal, right, when they're going over there. however it appeals in comparison
to when oracle came from the nasdaq right here to the new york stock exchange. that was 161 billion. big win here for the big board. what will happen with twitter? we know that battle still continues. back to you. lori: all bets are on, right, nicole. thank you. >> markets in the red with uncertainty over the government shutdown and the debt ceiling take a toll on investors when it was supposed to be a econ data packed week when we're not getting it. can the market overcome the uncertainty to get gains? we have mark luschini from janney montgomery scott. thanks for being here. i want to ask you, quickly, you don't think there is too much economic hard, yet? randall stevenson said just the discussion of the default is discussing harm to the u.s. economy. >> it has the threat to, adam, as of yet i don't think that's
the case. it is estimated every week of the shutdown the economy experiences .1, to .2 of 1% of diminution. now we're into week two. put that together, we're talking .2 to .4 of 1%. not inconsequential but not insurmountable. how do you qualify things like psyche of business leaders and consumers relative to the shutdown? as of yet we don't have any economic metrics to support the influence if any associated with that. adam: would it take some kind of a market riot to motivate democrats and republicans to compromise on capitol hill? >> i think it would take that to motivate our elected officials. often times it is only under duress they act to form some kind of a compromise on these issues. we have precedent for that particularly in 2011. i'm hoping it doesn't come to that. certainly seems to be enough exercise underway at the moment to suggest that they recognize a
threat to the financial markets that inaction would bring. so i don't expect that to happen, but at the same time, we're handicapping the eventuality of that if we see no movement on the continuing resolution as we march toward a collision course with the debt ceiling date. adam: so let me ask you this question. it would seem to me there are members congress who will ignore the advice of the ceo of at&t. we've got campaign to fix the debt which is made up of several ceos who are urging for compromise. there are members congress who would seem want to take us past these deadlines of october 17th. i hear analysts say not going to happen. why not? sound to me like we'll go past the deadline? >> well, i think at the moment there's a lot of brinkmanship taking place. kind of don't listen so much to what they say, watch what they do. of course it is a little bit opaque what they're doing. often times it is behind closed doors. you know it is a lethal scenario that you're talking about,
passing over the debt ceiling to the point at which there is no at least agreement to suggest that they it extend on to the 11th or 19th of october it will ultimately be resolved. instead we have little in the way that provides any obvious example of comprise towards the issues needed to get through the debt ceiling. we're sitting on the 16th, 17th i think the markets would take that rather poorly. adam: the sectors you like now, tech, industrials, financials, i'm going going to ask you a question. are you preparing for what if, unthinkable we go past the deadline or miss a payment? is anyone preparing a contingency which seems impossible because the impossible has happened in our history? >> mentally at least at the moment, if not necessarily executing on that, adam. and by that i mean we're still maintaining pro-cyclical stance. we do think there are some fundamental improvements in the u.s. economy and that improvement is taking place on a global basis now with other
major economic blocks posting positive economic news but at the same time we recognize the threat of this debt ceiling perhaps, debacle. as a consequence while we're leaning toward that as being a low probability event we have to at least prepare for that and that would be we'll increase our caution as we move forward in anticipation of it but that is not us now. adam: moving assets to the side, holding cash until this gets settleed? >> at the moment, no. we're still invested. we would be moving cash, into cash or sidelining some existing invests as we would move perhaps toward the later part of this week, beginning of next if we don't have any resolution or at least a threat of one. adam: you know what i'm going to ask the staff to check back with you on thursday or friday if we don't have any hint of resolution. i want to see people like you and people advise us how to spend money are moving to cash as a contingency. unfortunately we're out of time. mark, thank you very much for joining us. >> thank you, adam. lori: may have heard this quote
before. be fearful when others are greedy and be greedy when others are fearful. for warren buffett this is paying off big-time. during the financial crisis, buffett tossed a lifeline to handful of companies including goldman sachs, ge. five years later that is paying off. he made $10 billion in returns so far. in an interview the over the weekend the "oracle of omaha" told "the wall street journal." the average investor could have done as well if they bought during the panic period. adam: if they had billions of dollars which to buy, right? lori: his point, if you had smaller denomination of bills to invest in the market. adam: 10, 20. lori: right, the percentage gained could still have been there for you. adam: thank you, mr. buff fest. thank you, lori rothman. we'll go with your ininvestment advice over warren's. bad weather could be striking the northeast with
storms and what areas could be under tornado watch. lori: driving without using your hands. jeff flock with gm's new driving experience. jeff? >> the cadillac srs. you heard of cruise, adaptive cruise, you heard of consented cruise, but have you heard of super cruise? when we come back in a cadillac srx, you will see it. stay tuned. @??
>> i'm cheryl casone with your fox business brief. poll low tire wants to renegotiate its proposed $2.35 billion takeover of cooper tire & rubber. india-based apollo, wants to lower the price more than $2.350 a share. cooper filed a complaint in the court to push apollo to close the deal which would be the india's biggest purchase of a u.s. company. u.s. consumers are planning to spend 11% more on holiday gifts according to the accenture holiday shopping survey. they plan to spend $643 on gifts up from $582 last year. walgreen is going into banking service. the largest u.s. drugstore chain is looking at prepaid mastercards in three test markets, detroit, mill caulk key and jacksonville. that is the latest from fox business, giving you the power to prosper.
adam: millions of americans along the east coast are under a tornado watch. fox news meteorologist janice dean is in the weather center with the latest. sound a bit scary, janice. >> adam, affecting millions of people all along the i-95 corridor. we have tornado watch in effect until 5:00 p.m. eastern time. they will probably issue a severe thunderstorm watch oratornado watch for parts of new england as the line continues to move eastward. we're already getting reports of power outages in and around the d.c. area as well as trees down in up state new york. so very powerful. this is actually the same energy that brought the feet of snow across the northern plains as well as of the ef 4 tornado 24 weekend in nebraska. a lot of energy with this system as it continues to move eastward. these are severe thunderstorm warnings in yellow in the
polygons here where we could see wind gusts in excess of 70 miles per hour. even though there is no tornado warnings this is a dangerous system. people are advised if you live anywhere from eastern virginia up to maine, pay very close to attention to the local forecasts specially as we have folks going home in the rush hour. this will be a very dangerous situation as we go through the afternoon into the evening hours. there is the threat today. all of these big cities affected. eventually boston, we'll watch you in the evening hours. airport delays. so you know what happens when we have a big storm moving through the northeast, a ripple effect across the country. many delays in all of the northeast airports. adam, we'll continue to keep you up-to-date. adam: janice dean. thank you very much. lori. lori: let's get you updated on the markets a we do every 15 minutes. this time around we're joined by keith bliss from the floor of the new york city. i want to begin with the earnings season approaching, without so much of the economic data points i'm curious because
of the shutdown i'm curious if you think earnings will have a big impact on market performance? >> i'm not sure it will have a big impact on the market performance. analysts and will have to get more clever with their analysis of earnings report. say what you will about the veracity of the data it is important when it goes into the analysis and we just don't have that we'll look at earnings reports with a little closer scrutiny. thank goodness for earnings reports, it gives us something to look at other than the theatrics with the government shutdown in washington. we'll look a earnings that will be coming "fast and furious" on friday to have a good segment where the market will go. it may be a lag time because of earnings reports than what we think of the market. lori: that sums it up beautifully. keith, thank you. adam: general motors is revving up to have driverless cars on the road by 2020.
skeptics question whether gm can keep up with the competition. jeff flock is in the proving grounds in milford, michigan, taking one of those cars for a ride. was is a lot of fun. >> i've been drinking the kool-aid, adam. they're in a pretty good shape. they're testing on the cadillac srs, which is a fun car in the first place. they have something outfitted called super cruise. these are pictures done on the famed milford proving grounds where we are outside of detroit. this is something that is not driverless yet but something called super cruise which essentially gives the driver the ability to take his hands off the wheel, his or her hands off the wheel, they use a combination of gdp, sensors, cameras to enable you take the hand off the wheel, take the hand off the accelerator. set it on cruise. only a super version of that. nissan is also developing a similar technology. they have got a permit to test in japan.
gm. tells me today that they have been actually testing super cruz on public roadways for hundreds of miles. they had a real good success with it. so we'll see. gm obviously on the offensive. look at gm stock, obviously has done real well as of late. they really making big strides and they are the first really to trot something out and say, hey, reporters, come take a look at this stuff. as i said, cadillac srx, a pretty sexy car to start with. if you can look, ma, no hands, makes the cross-country drives we take all the time a lot more fun. adam: jeff, here in the city we call handleless driving taking the bus. that is concept that looks cool, got to tell you. >> across america a whole different concept but there you go. adam: see ya, jeff. "pawn stars" is not just a tv show. the number of pawn shops across america jumped 50% since 2007.
adam: there are more than 10,000 pawn stores in the united states and a number that has increased more than 50% since just 2007. rick harrison is the co-owner of the gold and silver pawn shop and star, just one of them, of "the history channel"'s hit show, "pawn stars." he has got an inside look for us how pawn stores are performing throughout the recession and
afterward, we welcome you here. i got to tell you, i love when i come into your show, i will click through the channels. i stop there. you had a guy who thought he had ejector seat from a world war ii fighter, you had to point out this thing is vintage 1980s or better. you have to have a lot of fun. who is making money, you or people bringing you stuff? >> a little bit of everybody. there's, i guess it is because of my show and a few other shows like it but there have been a few shows that copied it. people are beginning to realize you can maybe find stuff at yard sales, in the atat tick and a few things like that you can make a little money doing that. as far as the pawn industry is going, it is tough to say. i talk to a lot of guys with shops where, like in southern california, and, they feel as if they're getting way too much stuff and retail is not there at the moment. they're actually taking in more than they're selling.
lori: "pawn stars", obviously, i don't have to tell you rick, had tremendous success, at the core you're a small business owner, right? you've been quite vocal about government regulation, tax policy and how it has really hurt small business owners in this country, right? what do you want to see done to improve the situation? >> basically we just, i mean instead of making new regulations constantly, i mean i believe there are only 100 new pages of every week just on obamacare, when we need to do is less regulation and let small business do small business. in the 1980s, i openedded up a lot of small business. would take me two or three days to have business license in my hand. nowadays, i know in california, here and a lot of other states it takes months. and you have that small guy who risks everything he has got to live the american dream, open up his own small business. once they see what they have to do they can't. adam: rick, you talk about taking several months in
california. in new york, it is several months and first of several bribes to -- let me ask you, 30 million americans will go to a pawn store annually. that seems to be growing. is that reflection of a bad economy, or i have a bunch of junk i should get rid of and should i consider coming to a place like yours? >> there are two reasons. one reason is the economy why a lot more people are coming and television shows like mine are realizing it is not that bad of a thing. pawn shops, believe it or not were number one form of consumer credit in the united states up until the 1950s. they have always been a part of just about every culture on the planet and people are more or less rediscovering them. we were vilified by hollywood in the 1960s, 1970s and '80s, i think that is turning around. there are good pawn shops, bad pawn shops. mine is best. adam: i see the line in front. you're downtown vegas. just to get in there. i wouldn't wait in line because
i'm in for the food but it's a great story. lori: do you guys do collateral loans as well? i was looking research on national average a typical pawn loan is $150 for 30 days and over 85% of all of those loans are repaid. are you in that business as well? what can you tell us about that industry. >> oh, yeah. collateral lawn is a pawn. that is where someone brings me a piece of property. i loan them money against it. they, you know, i, they can come back within my shop within 90 days, pay back the principle and interest an walk away. if they don't pay it off, i keep the merchandise and there is no bad credit or anything else. simplest form of banking. >> that dollar, value, $150, that seems like not a whole lot of money. are people really in that situation, facing those dire straits that they're willing to get rid of whatever they can even if it means a small amount of money that will really be that bridge for a couple of weeks? >> well, you have to realize, it is right around 20% of the
people in the united states do not have a credit card, a bank account, can not get a bank account. they have absolutely no other means of getting by. if you're at the end of the month and single mom didn't get a child support check or 50 or $100 short on rent or needs to buy groceries or something like that, they come to a pawn shop. adam: let me ask you, i loved the segment, suicide door six at this three lincoln continental, your father i think was in love with the car. any surprise this is season? >> we just signed for another 80 episodes. so, there's going to be a lot of, there is a lot of stuff. i have everything from williams jennings bryan to the apollo program. a little bit of everything. the show has been so successful it is feeding on itself. we get e-mails and letters and everything else from hundreds of people every day that want to get on the show. so we get to, more or less pick and choose what we will get and we are more interesting and
weird. i like the weird. >> what it is, pbs, what is it worth road show thing. lori: antiques road show which is another favorite. adam: rick harrison. appreciate you being here. all the best and good luck in the upcoming season. >> thanks for having me. lori: thanks, rick. great to meet you. another big hour of "markets now." power panel on how to make mooney on the government shutdown rattled markets. terry duffy, how the government shutdown is stopping the flow of information to the commodities market. tracy byrnes, ashley webster take you through the next hour of fox business. don't miss it.
so i can reach ally bank 24/7, but there are no branches? 24/7. i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. your money needs an ally. tracy: hey, happy monday, i'm tracy byrnes. ashley: i'm ashley webster. markets rattled by the government shutdown and fears that the u.s. could actually default if congress fails to get its act together but don't fear. we have a power panel here ahead
to help you make money on the shutdown. nicole, elizabeth and charles. tracy: serious mug shots. now we go one-on-one with cme chief terry duffy, an exclusive interview how the government shutdown is stopping the flow of information to the commodities markets. ashley: puting a face on that government shutdown. while the defense department calls back most of its employees we're joined by a ceo forced to furlough 25% of his workers and they will probably never get any back pay. tracy: plus our newest feature, we have a tech minute. so why do they need car dealers after all. gm pushing to sell more cars online, allowing buyers to skip the showroom. that and much more ahead on markets now. ashley: point, click and drive. tracy: i'm so into that. if i never have to go to a car showroom i'm a happy girl. >> not everybody's favorite place. tracy: and they're mean to women but there is that. ashley: oh. tracy: the government curse is
curse for some but could it be a blessing for your portfolio. nicole petallides on the floor of nyse. charles payne,. liz: macdonald here in the studio -- liz macdonald. >> before we get on to the topic which is indeed and some merit to speak at this time. the dow jones industrials are holding the 15,000 line at a whopping 15,002. the loss is 70 points. we were down triple digits. the dow is down to one-month low. the vix, the fear index, is to the upside, a three-month high. everybody is in a wait-and-see mode on wall street. you don't see dramatic moves. don't see heavy volume. everybody is waiting for washington. back to you. ashley: indeed they are, nicole. stay with us as we bring in elizabeth mcdonald and charles payne. guys, can money be made on this
shutdown? you can understand why the volume is low, a lot of uncertainty but i think the odds are damn good the market will come back because washington will get something done in the end. >> you see almost every session and we get a little bit of intraday strength. we're not rocketing to the upside. so funny you started the segment off the market was rattled. better words, annoyed, frustrated, angry, pissed or disillusioned. tracy: i was going to say pissed but i don't think you can say that on cable. >> i keep pushing the envelope. tracy: you crazy thing. >> at the end of the day i think we might actually be masking a lot of bad news. we didn't get the job report. i was going to say anecdotally from the ism number, ad. p, this might be masking a weak economy that doesn't necessarily bode well for stocks. tracy: but that go to push off tapering story? >> tapering light? yeah, we've been in a slow motion recovery. we've had the gravitational pull
from d.c. for a long time, euro levels of dysfunction. no president wants to be the u.s. history to default. no way they let that happen, right? i think we're seeing swap action on treasurys, showing a low default possibility. we're seeing interesting sectors showing strength. industrials, health care. the ones you want to stay away from, financials and utilities, surprisingly acting like hyper regulated centers, right? ashley: exactly. >> we're seeing 18-month global growth highs, right? we're seeing highs globally in economic growth. i think the earnings will come in kind of mixed this season. 3% earnings growth, 3% forward earnings estimates so i think there is money to be made. ashley: let's bring in nicole down at nyse. nicole, to the point we know this will finally get fixed in washington. the question is do you have the stomach to jump in right now and pick up some bargains at least nibble at the edges a little bit? you.
>> know it will get solved at some point but the question is when. that is when you want too figure out when to get into this market. most trader i speak with do think there are buying opportunities here, keith bliss gave a number. he said it may pull back even more on the s&p 500 down to 1640. maybe now is not the time. another trader i spoke with a short time ago said you know i do think it's a buying opportunity but maybe not today. there may be another week of this, another 10 days of this it is an opportunity to get in there but maybe you want to mix it up. don't do it all today or spread it out over time is ba the feeling is they ultimately will get it together and then you see the market pop. ashley: nicole, you're right. i'm bullish too. europe seems to be slowly turning around. china is, well, china but it is still showing signs of trying to cool down its economy and the private sector grew 3% in the second quarter. so i think there are positive signs. >> i think the market priced in d.c. dysfunction. we know both of these guys, john boehner, harry reid would rather
jump into a pool of live hair dryers than be in a room with each other right now. so i think the key is, october 17th. i don't know how charles feels about this i don't think they will break the debt ceiling. moody's is saying they do, possible there won't be immediate downgrade. tracy: charles? >> i think everything emac and nicole said. there is not a sense of your again system you don't have to buy today. we're creating an amazing buying opportunity. psychologically under 15,000 for the dow you could see vulnerability for couple hundred points to the downside. i want to buy when -- tracy: october 16th. >> 3:30. at 3:49 or whatever. >> charles will be in there. we won't be sieving charles on camera. he will be buying. tracy: see you on the 16th. ashley: charles, emac, nicole, the power panel, taking it down to the wire. thank you, guys. tracy: we'll make sure we have drinks on the 16th.
i will. will the effect of the government shutdown felt in the halls of congress all the way to the pits of chicago. the usda pulled the plug on key agricultural reports used by traders to price hogs, cattle soybeans. joining us in an exclusive interview, cme executive group chairman and president. terry, thank you for being with us. i'm not sure they knew this would happen when they shut things down but how are people handling this down in the pits? >> you said this earlier, the volumes are low and we're ring reflected into the agricultural markets because of the uncertainty of the pricing and uncertainty is not good for any markets especially when it comes to the viability of pricing. when you look at livestock market and hog market in general, tyson coming out saying they will use privately, private date that they have available to price the product, that will obviously have some concerns to people that use their product for pricing mechanisms.
we did not have a usda government report on grains. that will be now postponed. that has an impact on farmers and what they do with future production. again, this is all very disconcerting for the agricultural markets in general3 but people are still trying to discover price back and forth in the futures arena. tracy: capitalist market will figure it out, right? the private companies will come up with data. there will be a way to do this. unfortunately effect our farmers are getting hurt by this. talk to everyone about the october 11th report, detailed crop production report set to come out that will probably be delayed this is an important report and we probably won't get it, will we? >> no. from what i'm understanding we'll not get it. we didn't have a jobs report last friday so i'm assuming this will not come out either. i talked to folks at usda or the growers on associations they're concerned for their participants they will not have the information and what they will do. this needs to get resolved.
this is one of those issues that should be taken care of one way or another. tracy: there is a ton of daily reports and a ton of weekly reports all stopped. if i, if you could, switch subjects with me just for a little bit, you wrote the op-ed is in "the wall street journal" about how wall street is no longer attracting top talent. tell us a little bit about your thoughts on that? >> well a couple of different things. i like to spend a lost my time talking to young students, university students and telling them about different things in business, about my own experiences and what i've been able to do. what i like to talk about is moral compasses and doing the right thing. wall street has gone through a very, very difficult time. the press, that has been associated with it is probably very well-warranted so we need to change that and i feel it is upon all of us to get into the classrooms and like i said in the op-ed and go to talk to these young people and tell them there is a future in financial services. it is one of the most dynamic industries we have in the united states.
it is something that the rest of the world would love to have what we have and we need to continue to build on that business but we'll not be able to do so if we're painted with a brush that we've been painted over last several years. we need to change that. tracy: the industry is constantly demonized. why would any kid coming out of college want to be a part of that. >> they wouldn't. they wouldn't. we need to change that. tracy: i'm with you on that. we need accounting majors. terry duffy, cme group. thank you for taking the time. ashley: so hard when they're laying off so many people. tracy: he is so right. the industry is so demonized. ashley: of course. nobody wants to admit they're a banker. that is the thing. coming up next a ceo says furloughing his employees because of the government shutdown is the toughest thing he ever has to do and of course he blames congress. tracy: if you're like us you probably hate your blackberry. i actually don't hate it but i'm close. coming up why wall street though does not. but first as we do every day at this time of day let's take a
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ashley: puting a face on the government shutdown. the defense department calling back most of its employees furloughed because of the government shutdown and congress approving of a bill that will pay federal workers even if they don't go to work, but, that is not the case at many federal contractors who's furloughed employees will probably not get their back wages. joining us micro technology ceo and president, tony jimenez who has been forced to furlough 25% of the his workers. must be an incredibly difficult thing to have to do, tony? >> it absolutely is. it is probably the worst thing i've had to do as a business owner in almost 10 years i've been in business. ashley: you have 25% of your workforce out. talk more about the impact that this impasse has had in d.c. on your business. >> well i think probably the biggest thing is, our cash flow.
right now we have no money coming in and money still has to go out. it has to go out to the subcontractors t has to go out to employees. it has to go out to continue to buy things we need to in order to deliver for the government. most solutions are a combination of people and products and right now there is money going out and unfortunately for a small business like ours, even though we do have, almost 400 people, we're still small enough to definitely have to manage our cash flow much like anybody else in this space including the big companies. ashley: so as this goes on and on, tony, i mean what, are you forced to perhaps look at more furloughs? >> well, i hope not. what we're actually hoping is that obviously what is going to take place on the 17th i think is a do-or-die. if it doesn't happen, i think there will be a whole lot more pain and, in the community, much more widespread. i think it will not just impact
those who rely on the government to earn their keep but those who rely on the economy to earn their keep or rely on business in general. think is just the tip of the iceberg. i'm hopeful will be long resolved long before october 17th. ashley: which faces approaching. who do you blame for all of this? >> i blame a combination of folks. first off i always believed if you don't start a fight, there won't be a fight. i think the worst thing that we could have done, the worst thing that the folks on the hill could have done, was to ever make the budget part of this negotiation process. the budget is lives and lives are what pays people's rent and the salaries are critically important. they can't make their rent. they can't pay for their food. they can't pay for the things they need if they don't have money. if there is no budget, there is no money. i can't believe somebody would actually take a budget and turn it into a negotiation tool and then turn around and think it wi impact on
everybody because it does. it's a trickle-down effect not only affects those who work for the government, not only affects those who support the government, but it affects everybody who supports those people who support the government. ashley: have you called your congressman and senator and what was that conversation like? >> well, i along with probably millions of others. my conversation is, look, figure this out but many of my congressmen and senators assure me they're in it. they have waded in and that they're going to do everything they can to get the negotiations closed and the government employees back to work and the government back where it needs to be and that's open and the fact is that, you know, one side blames the other, the other side blames the other. the dilemma here is, if it hadn't ever happened it wouldn't have happened and the fact is you don't make this one of the negotiation factors. these are jobs. ashley: yeah.
>> i hear congressman and senators talking about well, we're going to win. you're not going to win. this isn't a game. this is about people and this is about their lives. nobody wins here. there is nothing that could possibly come out of this that is going to be good. and the amount of money it is costing us is not worth it. and i'm still not sure what the endgame is. if the endgame is obamacare, shame on you. this is not one of those things we should be using to beat anybody over the head with. >> well, we thank you for taking the time, tony jimenez, for joining us today and we hope you get your workers all back to work real soon. we appreciate. >> thank you. tracy: maybe should get tony in the white house? ashley: yeah. just shows you, puting a face on what this means, it really is, all the way down to people being able to buy groceries. tough that small companies can't cover wages of their workers if there is no work to be done. so it is tough. tracy: all right. well it is quarter past the hour. we have to get a check on these markets. nicole, you're watching black
berry, huh? >> on a day we they could have potentially shareholder lawsuits. the stock is down about 50% in the last six months but things are looking a little brighter at the moment for blackberry, up 4% as we've spoken of other potential suitors which includes cisco and google, sap. samsung said they are not interested in any parts of blackberry at all. the others seem to say we're not making any comments on rumors but you know very well that blackberry has been entertaining some strategic options. back to you. tracy: nicole, we'll see you in 15 minutes. blackberry the one good thing it has going for us, breaker. ashley: you're still playing that? tracy: brick breaker. ashley: it is like pong from a tartary all the way back -- atari. a lot of cases on the supreme court docket. a judge, who better, will have
tracy: at -- >> at 23 minutes past the hour i'm lauren green with your fox news minute. millions along the east coast are under a tornado watch until 5:00 p.m. from washington, d.c. to up state new york. damaging wind gusts are expected with a few gusts up to5 miles per hour. the tornado watch includes parts of virginia, maryland, delaware, pennsylvania and new jersey. apparent malfunction left a crain dangling over west 57th street in midtown manhattan a large yellow box is seen dangling at the end of the crain 20 stories above the street below. a separate came at the same site snapped during a wind storm associated with superstorm sandy. a 9-year-old boy interested his luck over the weekend on a delta flight to las vegas. the boy made it through tsa security and boarded the plane alone apparently without a ticket. during the flight from minute in place -- minneapolis,
crewmembers became suspicious and alerted authorities in las vegas. those are the headlines on fox news network. back to ashley and tracy. ashley: wonder how he got through to the plane. lauren, thanks very much. a nine-year-old kid gets through to the plane of the disturb. we thought we would look at a case that pits privacy against the public interest. there is currently a class-action suit in ohio over websites, just like this one that post mug shots and then require a hefty fee to have them taken down. if a person can prove they have been exonerated or never been charged. the question does the public have a right to know or is this a horrible invasion of privacy? joining to us drop the gavel on this, fox news senior judicial analyst, judge andrew napolitano. >> got steamed over this. i'm happy to drop the gavel. if i may i would modify your question. ashley: yeah. >> does the public have the right to know who was arrested, because that's what a mug shot reveals? history teaches us most, not
many, most people who are arrested and have their mug shots taken are never convicted of the crime for which they were arrested. a mug shot is an internal police document thaa the police have no right to give it away. but they do give it away and that is how it ends up on the websites a websites literally extort people you want your face off the, mug shot website? pay us. ashley: was in local news for years and cops and court. i call when can i have a mug shot of whoever been arrested for whatever crime, they would get it to you like that, especially in the internet age. then it is on local news. >> if the crime is a public interest and defendant is a public person then the mug shot is relevant to the news. if the crime is not great public interest and defendant is not a well-known person, then the mug shot is private police property and they have no right distributing. >> it what do they do? what do the people do?
how can they fight this other than pay a fine? >> that is why these lawsuits. one is before the supreme court. the issue about the supreme court which ashley spoke has to do with what is a class action and who gets paid. because in this case, these people don't want money, they want their names and faces removed. ashley: right. >> but the lawyers will get money. so the question best supreme court is, can you have a lawsuit where one side wins but they don't get any cash, just their lawyers do? that is another issue. varney would love that. ashley: yes. >> but issue we're talking about is, can you have a situation in which people get governmental information for free, and then can extort money out of you for them not to use it? that is profoundly against what is called false light. false light is where you are portrayed falsely, truthfully but falsely. tracy: right. >> you never were convicted of the crime. so showing a picture of you being arrested puts you in a
false light and you're willing to pay that not happen. ashley: judge, there is whole another issue when we talk about the internet, once it is out there and no matter how hard you try to erase the image often impossible even if the site will take it down. >> that is why i make the argument, it has to be nipped after its bud and stopped at the source which is the government distributing these things willy-nilly. tracy: next is your tax return, right? >> if the government can get away with this, and get in the hands of wrong people who can extort money that they don't publish it, what is next? something else as squally as private. it has to be nipped at the bud. ashley: the gavel has been wrapped. judge napolitano, thank you so much. tracy: new survey out on obamacare, believe it or not is actually a little more popular than you think. we'll have the results next. ashley: in our newest feature, tech minute why size matters and twitter may not be big enough for appetizers. tracy: first let's look at some
>> a look at our heat map, 90 minutes until the close as you can see on the dow, at&t and verizon on the upside but a lot more red. microsoft and visa lagging behind just a little bit today. nicole petallides at the new york stock exchange watching apple. nicole: we are watching apple very closely turning $481 at the moment.
went you like to see 600? jefferies coming out and the analyst now raising it to a buy from a hold putting a price target from $425. the reason behind this is all about what we see now. the supplier says apple able to push them around anymore, and now instead you are seeing the iphone makers gross margins may improve because the suppliers have become more lenient. that may bode well for apple ultimately. of course there may be an overload of the new iphone. they know that. but they are looking at the buildup for the demand for the iphone 6. they feel that is next. moving apple to the upside. >> i don't know, they cannot give it away. the 5s i will give it to you.
despite what senator cruz would have you believe, they are not in favor of repealing obamacare. the country is just as divided as washington. tweet us your thoughts on all of this. we will be showing your comments throughout the segment. we will talk more about this. surprising results from his survey. think rates.com insurance analyst. what did you find out? >> tracy, we asked if given the choice of it were up to you would you repeal obamacare or would you keep it in place. the results came back evenly split, perfectly split. 46% said the law should be repealed, 46% said it should be kept in place. unfortunately this does not offer any guidance to the lawmakers in the fiscal fight in washington. i think the results reflect how deeply divided the country and lawmakers are over this issue. speak to the people who voted
are also very divided red and blue, so your midwest very much in favor of repealing and very red northeast very much in favor of keeping but also very they are towing the party lines. >> that is right. not so surprisingly. the publicans repealing the law, 74% of democrats said they would keep it in place. i think what the results show is neither side can claim a mandate here. one side saying americans don't like this law, the other side saying americans are demanding obamacare and you cannot say that when the results are so evenly divided. tracy: why would they want to keep it? is it an annoyance issue? keep it and move on? >> we didn't go into that, but we know there are some liberal groups such as unions who wants to see this law repealed for various reasons and i have seen
other polls people who say they have deep doubts about the law think it should be allowed to stay in place and be given a chance to work so we cannot say why people are coming down on either side of the issue. tracy: kids 18 to 29 think we should keep it. is that because they are towing the party line? >> this is the group least likely to have health insurance among all of the age groups and we found more than half said the law should be kept in place. it could be that is because this group needs health insurance, also seen as an encouraging sign for whether the laws going to work because one of the big questions is whether young, healthy people will get into the insurance pool to keep the insurance low for everybody else. for the older people more likely to use health care, this may be encouraging so many people say the law should be kept in place. tracy: the thing is we don't like change. so this has happened before.
the last time there was a big health insurance change everybody said we would alone, only to find the new system at one point i thought it worked okay. is that part of it? >> i think so. maybe people are willing to give it a chance after the experience with medicare part d that got a lot of bad press and was unpopular. the prescription drug benefit. now seniors love it, as a matter of fact part of obamacare to close the medicare doughnut hole which had some seniors paying full price for their medications above a certain threshold. tracy: thank you for sharing your survey results. people are voting and don't even know what they are voting on. nancy pelosi doesn't even know what she is voting on these days. thank you very much. >> thank you. ashley: all right. we are debuting a new feature on
the 2:00 p.m. "markets now" our designed to keep you in the loop and all the tech news and maybe help you make some money at the same time, why not. coming up 1st, politics and tax meat as the administration admits software and design problems are crippling website designed to enroll people in obamacare. the administration saying it is working around the clock to fix those problems. why do they need car dealers? gm pushing to sell more cars online allowing buyers to skip the showroom. gm plans to extend to the entire network. tracy doesn't like to go into the dealers. allowing new car buyers use computer screens to lock in the price of a new car, apply for financing and arrange a test drive or delivery of their new vehicle. checking the stock of gm down $0.35 at 35.35. and twitter getting ready to
launch their ipo, size does matter. 218 million people just is not enough of an audience. twitter will need to significantly have more users and a bigger salesforce to win more spending from the market clients. that is your tech minute. tracy: that was really good. 218 million. who needs it. going to the dogs and loving it. smal"small business, big ideas." cute. ashley: nice, clean pooch. robots versus humans. gerri willis joining us on why the self checkout may not be saving stores money anyway. tracy: as we do every day at this time, a look at the 10- and 30-year treasuries. 2.63%. we will be right back. capital to make it happen?
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sometimes they just drop in. always obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. ♪ >> i am lori rothman with your fox business brief. mark cuban testified in his insider-trading trial that he generally doesn't agree to treat as confidential any information people tell him about investments. the fcc is accusing cuban of using inside(g info to dump his stock of internet search company in 2000 for avoiding $750,000 in
losses. apollo tyer wants to renegotiate the 2.50 yeah dollars takeover of cooper tire. they want lower the price by $2.50 per share. filing a complaint in the u.s. court to push to close a deal which would be the biggest purchase of a u.s. company. moving its listing from the new york stock exchange, beginning to trade on the nasdaq october 21. that is the latest from the fox business network giving you the power to prosper.
idea after all. joining us now, cofounder of the healthy pet center. thank you for being here. the fact you are not in new york is crazy because so many people here that would do this regularly. my coanchor would take better care of his dog than i do my children. how did the idea come to fruition? >> because we really wanted to bring our dalmatian to work with us, she was getting older and we were working our own corporate jobs. we thought about doing a pet retail business. tracy: it is like spa treatments and food and all of this stuff hanging out. we will not give you money. what do you do? >> we started out as a dog biscuit bakery, we started listening to our customers who wanted us to provide more
services and more products, so hwe started selling food and we added premium for those who didn't want to watch the dogs themselves. tracy: in the beginning you were self-funded. he took a loan against your house. i love hearing that story because you took a huge risk. >> we did. i was a little bit nervous thinking i hope we can pay this off. but we were able to. it has worked out quite well, banks are willing to fund us. tracy: you on outright five of the eight. why did you decide to start franchising, what is the decision process there? >> people started coming into our stores after our second store opened asking us where is this franchise from? we said we're just a couple of local guys who put this idea together and we started having franchise inquiries, so we come back to an attorney and decided
we would take that route as well and help other people passionate like we are. tracy: and all your plan is to open 10 more in 2014. obamacare, you already have over 15 employees, that means you're going to have to dive into this, right? >> we are, you are correct. tracy: what about the new franchisees coming up, are they able to get money these days, what are the banks doing with them? >> we are working with that. it seems banking for small business is opening up in the past year. tracy: good for franchisees owners and good for the puppies. thank you for taking time to share your thoughts and everybody should check out the website. healthy pet center. they are not in our area. ashley: it is about time. the dogs in central park,
9:00 a.m. when they can run off the leash. time for stocks now at 15 minutes, that' let's head down e new york stock exchange, keith joining us now. you're looking at these markets, nobody's panicking but they are not exactly jumping in feet first either. kind of stuck in this d.c. limbo. is this kind of going to be the case until something actually happens? >> i think so, ashley. the s&p is not too far away from where it was whhn the government shutdown went into effect. no panic in the streets which is what the politicians had hoped for, just not occurring. we have seen the theatrics before, we will watch, we're pretty certain they will get a deal done sometime in the next week and a half. any kind of panic will be all for not. we are in a little bit of a range throughout the end of the year. benchmarked against the s&p, you're up to 10% two and half months left, why mess with that now?
ashley: probably a good point. great buying opportunity but it takes a lot of fortitude, doesn't it? >> i think we actually do get a little bit weaker, 1640 i would be buying. ashley: thank you as always. we appreciate it. >> my pleasure. tracy: i like this story because supermarket checkout people are getting harder and harder to find. we love slighting our food down the thing but another industry having human employees replaced by computers. tracyashley: it always break do. tracy: gerri willis here to talk about if this is a good thing, humans being replaced. >> it is so efficient. i am in and out. ashley: the always break down. >> i have it down to a science.
ashley: oh, my gosh, look at you. >> this is the answer. this should replace humans, no doubt about it. tracy: we need human intervention at some point. they do break down. as far as efficiency, when i'm getting lunch for tomorrow, i am all about it. >> i need human interaction. let's talk about what we have here. i am using self checkout, a survey of 200 shoppers interviewed in the always choose self checkout on the when buying a few things with cashew lanes are too long. now the people like ashley and i who choose the cashier line, 35%. they can identify the
vegetables. they don't like self checkouts. 15%. no lines at the cashier lines, 12%. the very existence of ashley and i is good because it means people will have more jobs and a lot less on machines. does that make sense? ashley: it totally did. >> we're looking at implantation of obamacare. as you know healthcare.gov was undeunderwater, closed for busis over the weekend to make corrections. we have also got a fascinating story on pharmaceutical companies paying money to get reviewed by the government. all the details on that. it will be very, very interesting. on the fox business network. ashley: thank you. keep using the cashier.
what a difference a day makes. miley cyrus repetition getting a boost after "saturday night live" appearance. tracy: dennis kneale will tell us why next. don't go anywhere. who found a magic seashell. it told him what was happening on the tradg floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their trading platform. ♪ [ indistinct talking continues ] [ male announcer ] so the magic shell went back to being a...shell. get live squawks right in your trading platform with think or swim from td ameritrade.
ashley: we have heard about the miley cyrus backslash. a little more positive side, how about this. it is the good side. dennis kneale has that story and more. dennis: the pendulum of popularity swinging like a wrecking ball. just when you thought the 20-year-old singer had just gone into oblivion, she's getting good marks from herself parodying appearance as host and music act on "saturday night
live" with bits like this one. ♪ dennis: that is supposed to be john boehner. this disney child start transformation into a young adult clearly unnerving some of us parents. "saturday night live" pushing the envelope to make it even more uncomfortable. that show did very well in the ratings match in the season premiere which had the highest-rated premiere in three years. on sunday "new york times" critic declared enough already, enough with the using of miley cyrus as a punching bag. support the pop chart from a prudish paper. now you have this morning, outdoor performance pretty well received, so this backlash could
be good news for sony. just releasing her new album with "wrecking ball." could be good for viacom and mtv. but it is great news for miley cyrus herself. she has been trying to shake off the shackles of disney and hannah montana and grow up into her own person. as she said, i am only 20 years old, i need some freedom to grow up and make mistakes, which she will. ashley: we are still talking about her, so she is still in the spotlight. i can't do another disney star who is so utterly transformed their image from kid to definitely not a kid. ashley: very true, thank you. tracy: my brow hurts so much from furling it. how can you support this? you have a daughter.
all right, more importantly you need to join a small at 2:00 p.m. eastern, our very own peter barnes will join us for an exclusive interview. can't afford to miss that. sure there will be talk. coming up, "countdown to the closing bell," the government shutdown weighing stocks down despite the fact tens of thousands of federal employees actually went back to work today so which companies, if any, will be hammered by all of this? liz claman with two of the smartest people around here, and they will tell us why. we will be right back. [ woman ] if you have the audacity to believe your financial advisor should focus on your long-term goals, not their short-term agenda. [ woman ] if you have the nerve to believe that cookie cutters should be for cookies, not your investment strategy. if you believe in the sheer brilliance of a simple explanation. [ male announcer ] join the nearly 7 million investors who think like you do: face time and think time make a difference.
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liz: of 2%, look at apple another upgrade here. more belief in apple at the moment. 1.5% to the upside jumping to full percentage points. a couple of decisions from the supreme court will have a big impact on stocks and investors. the justices decided not to hear an appeal of a lawsuit making it easier for smokers to sue big tobacco. the appeal was brought by big tobacco. not having a big impact so far on shares. shares down for pennies.