0. 4 for s p 500. 1410 is the level just reclaimed. Government shutdown now in day 14. Debt ceiling deadline one day closer. A meeting between the president , the Vice President , congressional leaders at the white house that was set for 3 p. M. Eastern has been postponed. John harwood is there at the white house. Any rumblings about when this meeting might happen now . Bill, dont know but the longer its postponed, the better, because its giving time for Senate Negotiators to wrap up a deal that they can then outline to members of the leadership bipartisan, pelosi, reid, as well as the president of the united states. Most people are bystanders at this point. President obama, the house of representatives, all attention is focused on two men harry reid and mitch mcconnell. Earlier this afternoon they both came out on the senate floor and said things were looking good. Constructive good faith negotiations continue between the republican leader and me. Im very optimistic that we will reach an agreement thats reasonable in nature this week. Weve had an opportunity over the last couple of days to have some very constructive exchanges of views about how to move forward. Those discussions continue. I share his optimism. So, here are the potential elements of the deal that they are discussing. They would involve republicans compromising on the length of the continuing resolution to reopen the government. It would just go to january instead of longer as republicans wanted. Democrats wanted it shorter to allow negotiation in rise spending levels of the sequester. The debt limit would go to february. Thats shorter than democrats wanted. They want to go deeper into the 2014 year. But republicans want to keep the pressure on. Now, on the obama care provisions that have been discussed, medical device tax, im told that there will not be a delay in the medical device tax, which republicans had been seek organize outright repeal of that tax. There may be a provision strengthening Income Verification for obama care subsidy recipients. Those are the elements we know about. Were all waiting for reid and mcconnell to come out and say, its buttoned up. And count on then the fact that the house of representatives would feel at the 11th hour needed to put this on the floor and it would likely pass, guys. You know, john, i cant help but wonder if theyre eating magic beens ans in washington because how did we go from no progress in washington to within inches of a deal today . Why should investors believe the hype . Well, it was never true that there was no progress on sunday. I talked to aides yesterday afternoon who said they had productive talks and that they expected to reach an agreement. So, this may be a surprise to some people, but not to everybody. There was an initial negotiation with house of representatives that fell apart because the president wasnt willing to sign onto the terms of house republicans. But the bipartisan leadership of the senate was talking, working together and they were coming up by late yesterday with the framework of this deal. John, thank you very much. I was saying earlier that wall street was acting like the kid sitting in the backseat saying, are we there yet . Are we there yet . Bob pisani we keep hearing from d. C. , were not there yet, hold on. Were acting like were there. Take a look at the dow jones industrial. The market acted like there was a deal, even when they announced the postponement of the meeting in the middle of the day. We took a brief sdpip then came back. Closed off the highs. Take a look at full screen. The important thing about today, the stocks are acting like a deal is near. Were at historic highs on the russell 2000, midcap and small cap. Not on the big caps, the s p and dow. The big worry over the weekend, how much damage has been done to Fourth Quarter earnings . We dont know. But they have High Expectations the numbers will come down. They better not go to zero. That would be a problem. All day long you should watch the ones that would go down, cyclical stocks, energy, footballs, material, all throughout the day. We started on the downside and immediately started moving up. Same thing with commodity groups. You would have seen all these groups, coal stocks and metal stocks move to the downside and stay down. They didnt. Down early and up throughout the day, ending near the highs. Same with emerging market stocks. These sell off when you get some big deal, like a deal wouldnt happen or, heaven forbid, a debt default. China, thailand, india, ending near the highs of the day. Back with us, sara hughes, craig from the economist, roger smith joins us at the New York Stock Exchange and Lance Roberts from street talk advisers. Rominus, grit to see you in person. Likewise. Hope springs eternal. We have a deal being discussed and markets sitting near the alltime highs. The market always has to try and anticipate these things. Whats been most encouraging throughout the whole shutdown debate process is that if you look at high yield spreads, credit and small midcaps those would be the most sensitive to any direct economic response. The fear for someone like myself, managing money is, do i need to go to cash because of the 2014 recession . Everything else is just theater. We made the judgment two weeks ago that we would not go to cash. We are a tactical manager. We can go to cash. Because we judged that in the end, politicians want to get reelected and a recession wont help that. So, we could be wrong. We have to have a contingency plan. The market keeps giving us reinforcing signals. Lance roberts, it makes me wonder, especially with regard to the conversation we had right before the close, is whether people not really having an opportunity to have bought any dips here will sell the news . Its very possible. You know, we raised a little cash back in august. We bought a little bit last week just on the dip. But i did speak to two congressmen on friday and one again this morning very early. And we might be a little bit ahead of anticipating a deal out of washington. They are really dead set against not giving an extension to this debt ceiling without substantive cuts to match dollar for dollar. You know, we might be in a little of a position in the next day or on so, like on friday, a deal doesnt actually materialize. Thats always a possibility. You know, greg, i keep thinking that ben bernanke when they didnt taper, caught everybody offguard. Anymore hes looking like a genius because his fear was exactly whats going on right now with all the debt ceiling wrangling, right . Yeah. He cited a couple reasons why they didnt taper. Number one, the latest Economic Data hadnt looked very good. Number two, they were worried about the rise in bond yields that unfolded over the summer. Number three, precisely this. The wrangling going on in washington. The interesting thing is if you clear out this underbrush from the political theater in the next few days, youre basically back to fundamentals. The question facing the fed when they get together at the end of this month, enough change they feel comfortable enough to go ahead . I think theyll look at it and say the answer is no. Who knows if well even have the september jobs data by then. And then an air pocket in the month of october because of the shutdown. Looks like december at the earliest before we get any tapering news from the fed. He was saying, he and other Money Managers are looking at this saying, we price in a recession, go to cash, or we look and hope and think that the outcome will be avoided and so we stay fully basically, fully exposed here. Is that the same way youve been looking at the situation . I think advisers that work with us, two things, the buy on the sddip mentality has worked. I think from a responsibility standpoint it would be prudent for investors to also have some sort of cash as a hedge on the sidelines to wait to deploy or some sort of insurance. No ones saying the likelihood of a default happening is great, but we dont yet have a resolution. I do think the government can have an impact on the markets, as the Federal Reserve has, and hopefully going forward, as greg mention the, it will be more fundamentally driven by earnings, but were not seeing that. Greg, you wonder whether some ceos, and we wont name names, would use this as an opportunity to bring down some of their forecasts if they can say, well, you know, the uncertainty about the debt ceiling crisis lowered first lowered bill, so cynical for i know, dont i sound cynical . But actually, i do not to actually sound an optimistic note here. Lets say we get through this process and theres actually a discussion about lifting the sequester, you know, as a consequence of the negotiations that unfold. We could be looking at 2014 being the first year in a while there is no new austerity. 2013, the whole year, we labored under the cutback from higher taxes and lower government spending. If we actually hang on a bit. Lift the shadow from the economy next year, it could be very positive for growth and for stocks. As rod eluded, the year is dif visible by two so they dont want us to go through austerity. A grood point greg makes because theres been a major drag on the economy. What we have to judge is what the houses reaction is going to be to what the senate sends over. And i had the opportunity to hear mr. Boehner in person and his number one goal is that republicans dont lose the house in 12 months. I think at the end of the day, its right that the markets are focusing that well get to a positive result. Yeah, theres thank you. Go ahead, lance, finish it up. I was going to say, have you to be careful. Next year we have a big increase coming in taxes from the Affordable Care act which will act as a drag on consumer spending. You cant say that next years scotfree just yet. Thank you all. Still no word on a meeting at the white house, so were still waiting here. Much more coming on the debt ceiling crisis, the Government Shutdown and how d. C. Mess is affecting businesses across the country. The worlds most powerful bankers warning of dire consequences if the u. S. Defaults on its debt. Well have full Team Coverage of what could happen on friday, the day treasury says well run out of money to pay our bills. Plus, republican senator John Barrasso speaks with us about what the holdup is on this meeting between the president and congressional leaders and if we should be optimistic about some sort of a deal tonight. Also ahead, prolonged wait times and error messages, what the government is doing to fix annoying glitches in the Online Health exchanges. Wait until you hear how obama care is going down with millenials. The basics, you know. I got this. [thinking] is it that time . The son picks up the check . [thinking] im still working. Hes retired. I hope hes saving. I hope he saved enough. Who matters most to you says the most about you. At massmutual were owned by our policyowners, and they matter most to us. Whether youre just starting your 401 k or you are ready for retirement, well help you get there. announcer at scottrade, our cexactly how they want. T with scottrades online banking, i get one view of my bank and brokerage accounts with one login. To easily move my money when i need to. Plus, when i call my local scottrade office, i can talk to someone who knows how i trade. Because i dont trade like everybody. I trade like me. Im with scottrade. announcer scottradeproud to be ranked best overall client experience. Welcome back. Markets hopeful as we wait on word from washington about a debt deal sooner rather than later. Dominic chu has been monitoring markets and brings us this breakdown. Lets talk about netflix, soaring after it announced it was in talks with several Cable Companies to offer Video Streaming Service through top boxeses. And offering 13series psychological thriller through sony in exclusive con tend dealer. Blackberry set to reassure customers and partners it was financially stable in an open letter published in 13 countries. Blackberry said it was here to stay. Watch those shares. Also facebook moving higher. Its buying israeli app maker for reported 200 million. Then merck moving lower after it was downgraded by bernstein from market perform to outperform rating coming a week after the drugmaker announced it was cutting 8500 jobs or about 10 of its workforce. Also coach losing ground after canaccord downgraded the handbag maker as they expect sales to decline 6 when it reports Third Quarter results. Utility stocks taking a hit as Rising Interest Rates dampening enthusiasm. Kelly, bill, some real movers here today, despite the fact markets went up. Lots of ideas in there, too. Thanks. You can hear the talk almost everywhere from starbucks to the subway, at bars, bea. The shutdown is not abstract to more americans. Shes been to all of those places, by the way. We want to gauge, get a feel for some shutdowns unintended consequences around the country. Were joined by kayla, diana olick and julia with three of a beat check. Kay lash kayla, whats the status of the new financial regulations that were supposed to be kicking in next month . It was hard to get multiple agencies on the same page when government was opening leaving treasury jack lew to aim to speed up regulatory efforts. Much of our remaining work will be completed in the next five months. Let me repeat, by the end of this year, the core elements of the dodd frank act will be substantially in place. I want to mention the volcker rule is importantly, and ill move for swift completion now two senior regulators tell me the volcker rule will likely get pushed to 2014. Wall street is watching this closely as it strictly dwins how banks can trade but it requires coordination of the fed, the treasury, the s. E. C. , the cftc and fdic, half of which have been closed for business. The cftc has what one official called a skeleton staff. And in an email that got bounced back saying it would return when government reopened. Other areas of loose focus, new mortgage rules and strict guidelines for nonbank financials. Fed, treasury have been open but losing one agency for two weeks significantly sets back the clock on this. The treasury, ringleader, definitely has higher priorities. Wow. Thanks very much. Diana olick, a stones throw from capitol hill, but she found out the shutdown on home buyers reaches beyond the potomac. Its hitting rural home buyers hard. This is a relatively small group, its a big problem for them. Meet the malloy family. Five kids, they sold their too small home in baton rouge and qualified for usda rural home contract. Usda loans are no down payment, 30year fixed product designed for families like them. When the government shut down, so did the loan program. Last week with time running out, malloys had to act or risk being homeless. We had to do what we had to do. Thats the decision i have to make so my kid arent homeless. I cant give them everything i promised to give them now, but theyll have a home. They switched to an fha loan which required a 10,000 down payment and higher fees. Their Monthly Payment is 150 more than it would have been. My wife and i are both just middle class working americans. And to have a bickering match between congress and the senate and the white house cost my family their home and my family 10,000, thats a lot of money to us, we dont normally have that. Now, when we posted this story to the realty check on cnbc. Com, we got a message on the realty check Facebook Page from another homeowner, or wannabe homeowner with five kids in utah who says shes in the same boat but they cannot afford to switch to an fha home loan. Theyre now looking to move in with friends. Its hitting a lot of people hard. For sure. The real life drama in washington, d. C. May one day make for good hollywood yard but for now the Entertainment Industry is like many others, dealing with the impact of the shutdown. Julia has that part of the story for us. For many media executives and celebrities out here, it is business as usual. But the impact of the Government Shutdown is being felt in a range of different places. The fcc, for instance, is totally shuddered, which means no regulatory oversight, no broadcast Licensing Services and a potential delay of a broadcast spectrum auction. All m a pending fcc approved is on hold, including buying broadcast station companies. A tribune spokesperson telling us, like everyone else, weesh watching this play out, hoping it gets resolved. Film permitting by National Park service is also on hold. That means no shooting in locations like yosemite National Park, or even spots closer to hollywood like the l. A. River and the l. A. National forest. And the shutdown has also hurt hollywood fundraising. First Lady Michelle obama was supposed to come out here for a 32,000 a head fundraising event for the Democratic National committee. She couldnt make the trip. Bill and kelly, back over to you. July, yeah thank you very much. Heres the question everybody is asking, is friday, the day after the debt ceiling limit expires, is it going to look Something Like this . We certainly hope not. But thank you, hollywood. The president s meeting with congressional leaders has been postponed, at least for now. Is that a good sign . A bad sign . Well know soon enough as some see friday as dooms day if a debt deal is not reached. When we come back, well ask, what if a deal is not met by that time . Watch out for your cars, i guess. What happens when you take the actual voice of washington politicians taking the bickering of shutdown and put them in the mouths of puppets on a playground . Youre about to find out because the digital workshop puppets are back. I have to say i was disappointed that the president refuses to negotiate. My friend, john boehner, i repeat, cannot take yes for an answer. Do you like green eggs and ham . This isnt some damn game. Im ashamed. Im embarrassed. All of us should be. The president reiterated one more time that he will not negotiate. I am today by luck. I put in the hours and built a strong reputation in the industry. I set goals and worked hard to meet them. Ive made my success happen. So when it comes to my investments, im supposed to just hand it over to a broker and back away . Thats not gonna happen. Avo when you work with a schwab financial consultant, youll get the guidance you need with the control you want. Talk to us today. Theyre the days to take care of business. When possibilities become reality. With centurylink as your trusted partner, our visionary Cloud Infrastructure and Global Broadband network free you to focus on what matters. With Custom Communications solutions and responsive, dedicated support, we constantly evolve to meet your needs. Every day of the week. Centurylink® your link to whats next. We have news. Over to dominic chu. Ticker tdc, shares are down 11 in the aftermarket trade after the company, which does big data analytics, Business Enterprise software solutions, they lowered their fullyear profit and Sales Guidance on some weaker preannounced Third Quarter results. So overall, teradata shares, next in line of a whole host of Companies Already lowering their expect takings for investors. Tdc shares taking a bit on the chin in the after market. Back over to you. Thank you, dom. Theres still hope common sense prevails and a deal gets done to avert breaching the debt ceiling deadline, which occurs on thursday night. What if the hope fades and country faces its worst Case Scenario come friday morning . The markets, theyve been following washington very carefully. Could be an ugly place, according to our next two guests. Thats right. Steve easton, a Market Strategist hor height analytics and ron joins us now. Good afternoon to you both. Good afternoon. Steve, important to, i guess, outline to people what you see and what a lot of people have programmed for trades to happen if we do breach this deadline thursday night and into friday. Dont have a deal. What do you see happening . Well, i think we dont have a deal on friday morning. Your network could be tv ma for matu ma audiences because the ticker will be bottom. How ugly it gets, a couple day delay and no default happens because i dont think the market really thinks that october 17th is the dropdead day. But go it looks like a real impasse, youre talking potentially hundreds of points down on the s p. The worst things have been the last couple of years, relative to my model, is 62 of the model value. That gets me to like 1160 on the s p. Now, thats presumably one of the worst Case Scenarios. But if we were truly to start default, you cant rule it out. This isnt a true default in the real sense but wall street is watching very carefully. And very sensitive to what it symbolizes should we not have a deal by thursday, right . Yeah. Our debt was downgraded for the very reasons that were going through this process again. Which is there is no process in washington to resolve major differences over fiscal policy. So, look, if we do go through a technical default, lets say in china and japan in the worst Case Scenario wanted to send a message by selling bonds, then we get the types of things on the screen here. Big drop in the dow. Yields speakiiking. This would occur over the week, not just on friday. Dollar going down, gold jumping. All those things would take place, to some extent, more or less what was on the screen there, would probably start happening wednesday rather than friday. I think if anybody wanted to make a statement about the intransgent of congress, if we get no deal tonight, if the senate reject what is the house offers in a a little while, then you see people get nervous. Foreign owners of u. S. Debt and some Financial Institutions that cannot hold on to any type of security thats in default. Steve, whats been remarkable is the lack of concern thats building in some of the shortterm funding markets, for example. Aside from some of the stresses we saw over the past week. The scenario you guys have outlined, while its important as a thought exercise, perhaps, we have to make sure that are we really talking about this happening . In other words, its one thing to say, heres what hypothetically would happen. Its another thing, once this thing gets closer, that people realize, well, wait a minute, theres a whole bunch of reasons why nothing like this would ever play out. What kind of likelihood are you putting on this kind of scenario happening in the next couple of weeks . This while thing, were in unchartered territory. Thank goodness its right now just hypothetical. Just because weve gone up to the last minute and gotten a deal before, i mean, theres certainly a possibility that we go up to the last minute and we dont get a deal. And if we dont get a deal, we dont really know what would happen. I mean, obviously, i think the consensus, my view is, stocks would go down a lot. The long end of the Treasury Curve, yields may go up and go down, but i think the Treasury Curve would steepen because we would see an extended continuation of what weve already seen the last couple of weeks. Those short bills, short tbill yields that mature in october, early november, have been going up. And i think youd see the curve flatten a lot. But there are two things were ignoring here, guys, one is tangible and one is intangible. The tangible is the fed is still buying 85 billion of treasuries and mortgagebacked securities, keeping those long Interest Rates down at this point. And theres no reason to believe theyll stop it. Im wondering what would cause that spike . You know, whos going to sell when you know theres a fed thats still in there buying . The other thing is this intangible where everybodys still buying the dips on wall street. We have a parade of Money Managers coming through here still saying, every time the market goes down 100 points, they want to buy this market right now. Bill, i was asked to put together what a worst Case Scenario would look like. Its not necessarily my point of view. I agree with you. The fed would not only step up and continue to engage in quantitative easing, it might increase the size 6 it in the face of an event like this. As you remember in 1987 when the japanese boycotted a quarterly auction in may of 1987. That was something that precipitated a big increase in bond yields. So if the chinese or japanese want to make a political statement about whats happening here, they could do so. It would have a market impact. I dont necessarily think this is a high probability event. Its a possibility. And i think it would come in stages. That would probably start, again you know, my worst Case Scenario also included what would happen on wednesday and thursday before we ever got to friday. And so a technical default is one thing. The government actually runs out of cash on october 31st, which is the real dropdead date for a default as opposed to just a running out of available cash. Right. Well, because it seems steve, one second. It seems like the best conceptual way for people to think about this is not necessarily in terms of a clock hits midnight and we default kind of scenario. Its really about a bankruptcy scenario. What its effectively saying is the Borrowing Authority has been relieved. So all we have left is our current cash balance. We have to put that cash to the best use. So, in what case does that translate into the kind of scenario youre talking about . Right. To your question and to bills two previous questions, why what would make the tenyear yield go up and people not buy . Even if it were a technical default, for the first time in history, modern history, we would have treasuries in default or the u. S. In default. Financial assets are all at least theoretically based on formulas that assume this is worth something relative to the riskfree rate. We wouldnt have a riskfree rate anymore because treasuries wouldnt be riskfree. Thats why you could see yields go up across the curve. May or may not happen. And why people might not buy this dip, because all asset prices would have to be repriced, because there is no riskfree rate, and people wouldnt know how to do it. Guys, thank you. Thanks. Id say that was a fun exercise, but at least it was informative at this point. Thank you both. It is important. A lot of people are throwing around big words. If you want to know what it would look like, thats what it would look like. Thats what theyre looking like possibly. Washington under pressure. A meeting between the president and Vice President and congressional leaders has been postponed. Up next, republican senator john ba rosso speaks with us. Plus, big blemish on obama care. What the government is doing to try to fix those glitches in the new Online Health exchains. So you can get out of your element. So you can explore a new frontier and a different discipline. Get two times the points on travel and dining at restaurants from chase sapphire preferred. So you can be inspired by great food once again. Chase sapphire preferred. So you can. It has been very quiet in washington since we heard almost two hours ago that the meeting at the white house between the president and the house and Senate Leadership had been postponed. It was scheduled for 3 00. Reportedly due to more progress being made among the Senate Leaders. But weve heard nothing since then. Eerily quiet. That could be a good thing. John barrasso is a republican from wyoming. Thank you for joining us. Thanks. Senator, the outlines of a deal, as our own john harwood indicates, its coming together. It would include a higher funding level for the government in return for longterm entitlement reform, that would and that would fund the government through january. Raising the debt ceiling through january. The medical device taxes not addressed here. And potentially obama care Income Verification. Do those four pillars sound like something you will support . Were going to have a Leadership Meeting within the hour to go over the specific details, kelly. But the bottom line is, we need to stop the shutdown. We need to get the government up and running again and get america back to work. Let mre ask you more procedurally then up. Alluded to the meeting you have coming up. Whats the timeline . What are you hearing about when this gets to the white house, or if at all . Well have our meeting of our entire republican conference at 5 45 this afternoon. I assume the democrats will do that as well. And if it is something thats acceptable to both groups, then take it to the floor of the senate, move it through and then to the house. The house is coming back and well be meeting tomorrow. Everyones going to want to see the details of this. I think people are united in that we need to get the government up and running. The fundamental Sticking Point of all of this is the spending. We have a nation, and specifically a president , who is the spender in chief. And we need to get the spending under control. Thats what the markets are concerned about. The raising of the debt ceiling, which of course adds to our 17 trillion debt. Your previous guests have talked about downgreading of our credi rating. It isnt because of raising the debt ceiling. Its because we dont have a credible longterm plan to deal with our nations spending. Let me just put a finer point on the scheduling here. Is your meeting still on at 5 45 . And does that only occur after after theyve taken the plan for the white house . Im just trying to get a people feel for the timeline this afternoon and into the evening. We have a vote on the senate floor at 5 30 on a judge. It doesnt relate to this. But all the members will be on the floor at 5 30. Thats a good time for people to get to hear whats in the plan, what has been agreed to. And then each of the members decide if this is something that they can support before it goes to the next step. Senator, once you come to an agreement in the senate and then this bill moves to the house, there are some indications, perhaps, that your colleagues in the house would want to amend the deal. Do they have time to amend the deal or do you think its imperative that they vote that they up or down. Exactly, up or down, on whatever bill you send them because we dont are time . I think its imperative we get the government open, get people back to work and deal with the longterm problems of spending in this country. On saturday we had a vote where harry reid and the president wanted us to raise the debt ceiling by 1 million a minute for the next 14 months. Thats 1 trillion. We cant as a nation continue with that kind of spending abuse. And still be a strong and credible nation when we have to continue borrowing money from others. Essentially, as we understand it, as kelly was outlining whats being discussed among Senate Leaders right now is essentially just moving is a timing issue. When we will get to the spending raising the debt ceiling, when we will get to a continuing resolution, when to decide all of the things that need to be decided, forgive me, but why cant that be decide now . Why do we have to wait another three months before key decisions on spending can be made . I would like to decide it today. Well see what was proposed when all of the members get a chance to see whats in the agreement. The bottom line is, we have a spending problem in this country. And we cannot continue to put this kind of debt on the backs of our children and our grandchildren at a time when theyre worried about jobs, careers, opportunities, for the next generation. We cannot continue to spend. When the president tells us, as he did on friday, when he thinks raising the debt ceiling shouldnt be a toll booth where the president has to stop and pay a toll, raising the debt ceiling is a time when you have to focus on making responsible decisions. When someone wants a new credit card, with this kind of money, you just cant give it out without concessions on spending. We have to let you go. Obama care, i havent heard you mention it. Obviously the rollout plagued by glitches and glitches probably understates the degree of the problem. What specifically do you or dont you support on obama care now as part of this bigger deal, or is this now an issue off to one side . As i told the president friday at the white house, the president ought to delay for a year the individual mandate. He has given a delay for the employer mandate. He should treat americans fairly and delay for a year the individual mandate. Its completely unfair to demand people buy a government product when those going on the exchange know its a lot more than just a glitch. The president called it a problem with the cash register. Actually, its a complete systems error. He promised you could keep your doctor. Thats not true. He said, cheaper than your monthly cell phone bill. Thats not true. He said easier than shopping on amazon. Com. Again, not true. Senator barrasso, good see you. Thank you for your time. Thanks. John barrasso from wyoming joining us. Technical woes continue to plague the Obama Health Care system but there may be a larger problem looming on that. Absolutely. Up next, the glitch fest could be replaced by a millinial mess. Well explain. vo you are a business pro. Maestro of project management. Baron of the buildout. You need a permit. To be this awesome. And you. Rent from national. Because only national lets you choose any car in the aisle. And go. You can even take a fullsize or above, and still pay the midsize price. aaron purrrfect. vo meeeow, business pro. Meeeow. Go national. Go like a pro. With fidelitys options platform, weve completely integrated every step of the process, making it easier to try filters and strategies. To get a list of equity options. 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Bertha coombs, you had no idea what you were getting into when you got into this beat on obama care. I did. Its one exciting moment a minute. The government is working furiously to make fixes on the federal exchange but its still far from working smoothly. Some of the fixes are helping. I was able to actually create an account today in about five minutes on the federal exchange, which had been a major problem over the last couple of weeks. Then i got an error page as i tried to look at plans. Aetna ceo says underline Software Flaws are so complex, its unclear how quickly they can be fixed. Were in a place now where there is so much wrong, you just dont know whats broken into you get a lot more of it fixed. I think we have to plow through it. The longer it takes to plow through, longer the stakes for health care. They planned to sign up 7 million over six months, working out to an average of 39,000 people a day for 89 days. The aim is to enroll more than 2. 5 million young adults, or an average of 14,000 a day. They cant get there now. A former obama insider says someone should be held accountable. I hope theyre working day and night to get this done. When they get it fixed, i hope they fire some people that were in charge of making sure that this thing was supposed to work. We knew there would be glitches, right . But these are glitches that go, quite frankly, way beyond the pail of what should be expected. That was robert gibbs on our Senior Network msnbc. Tough words. Guys . Thats for sure, bertha. T and the glitches continue. Users have been experiencing a number of glitches, some like bertha mentioned, signing up and creating an account, the websites are showing any signs of easing of the pressure. As Obama Administration deals with all of this, its also facing another problem. Thats the lack of interest among critical young people who will ultimately fund the cost of older, sicker americans. Lets look at both sides of the story. David kennedy, looking at technical issues everyone is plagued by while channel 1 News Reporter and anchor shelby holiday joins, with the angle on the youth. David, whats the problem . They didnt anticipate the demand they got . What happened here . If you look at the way the website was created, rushed oilt the door with little to no testing. They dont see any major rollout of something this large. Its not only from technology per spktive. Weve seen it go down. You couldnt get to a certain website. Quoo weve seen a number of security glitches that can target your personal information, Social Security number, date of birth, all of those things that can be potentially exposed because it was rushed out the door. How long to fix . It depends. If they focus all of their efforts on it, you can see a lot of these issues be weeded out within a month or two. It should have been in the life cycle of developing this application. Shelby, it was always going to be hard to get the young, Healthy People involved. Thats why there are costs if they dont. But how much more complicated now will it be when a lot of people look at the website thats not even really working . Thats a good question. The Obama Administration needs 2. 7 billion Young Americans to sign up for health care. When they go to the website, young people like technology, they trust it. If they go to the website and its not working, theyll probably get discouraged f theyre already on the fence. Who knows if theyll ever sign up. If youve talking to fellow millinials. What are they telling you . Number one, they have a lack of awareness leading up to the exchanges opening, three out of four even had no idea they existed or had very it is idea. They also lack money. Money is the number one reason young people dont buy insurance. Lets listen. How much do you know about the Health Care Exchanges . I dont know anything about it. I just dont know about it. Im pretty ignorant, ive got to say. Do you plan on enrolling in the exchange . Yeah, i think so because im worried about like, i think it is important. I dont know. Im doing fine so far. I would rather pay the fine, i think, honestly, because i dont know how much Health Insurance is, but i know its a lot more than that. This is exactly the same answer you would get for anybody in that age bracket when you talk about retirement planning, right . Another thing that really deters them is theres a huge health care i will literacy with young people. They dont know how it works. Its a complicated thing to purchase and kind of manage. And when they think about it or just hear 95 for the penalty, a lot of them just would rather pay the penalty. Its easier. David, whats important about all of this coming with the glitches is that its not as though this is kind of a, well, thats too bad issue. The entire the entire discuss of on gettin young people signed up. If you look at what theyre trying to do, going to a website to register should be a very simple process especially for as large of a group that they want to hit. If they dont hit the targets the website will fail and they will not hit the targets they have set forth. This is a really major problem and something that needs to be addressed quickly. That is for sure. But first lets get the debt ceiling raised. Oh, by the way. Lets all hope. Nothings easy. David, shelby, thank you both. Move your money tomorrow . We will weigh in. Pros will weigh in when we come back. [ cows moo ] [ sizzling ] more rain. [ thunder rumbles ] [ male announcer ] when the world moves. Futures move first. Learn futures from experienced pros with dedicated chats and daily live webinars. And trade with papermoney to testdrive the market. All on thinkorswim from td ameritrade. Even when we cross our ts and dot our is, we still run into problems. Thats why Liberty Mutual insurance offers accident forgiveness if you qualify, and new car replacement standard with our auto policies. So call Liberty Mutual today. And if you switch, you could save up to 423. Liberty mutual insurance. Responsibility. Whats your policy . Here we go. 30 seconds on the clock. Our next guests are telling us what you should be watching for tomorrow. Tomorrow is a big day for earnings season. Consumer staple companies will do for the rest of the year. And we will have those tomorrow night. Thanks for the plug on this. Look. We have had glitch fast, dc madness, shut down shuffle. Just focus on the fundamentals. There is a lot of Economic Data. Of course you have got earnings and the four sectors we are focused on, transportation and pharmaceuticals are all reporting with Johnson Johnson all reporting. Whatever you do, ignore the fed governors that are speaking tomorrow. The bell seems to be underscoring that point. Once again we will be talking of budget negotiations. Ultimately, tomorrow morning everyone is going to be parsing whatever comes out by way regarding the debt ceiling and negotiations. Thank you gentlemen for your thoughts on tomorrow. And we will have plenty more on markets after this surprising rally after the break. Stay with us and we will share. Peace of mind is important when youre running a successful business. So we provide it services you can rely on. With centurylink as your trusted it partner, youll experience reliable uptime for the network and services you depend on. Multilayered Security Solutions keep your information safe, and secure. And responsive dedicated support meets your needs, and eases your mind. Centurylink. Your link to whats next. Thank you orville and wilbur. Amelia. Neil and buzz for teaching us that you cant create the future. By clinging to the past. And with that youre history. Instead of looking behind. Delta is looking beyond. 80 thousand of us investing billions. In everything from the best experiences below. To the finest comforts above. Were not simply saluting history. Were making it. Customer erin swenson ordebut they didnt fit. Line customers not happy, im not happy. Sales go down, im not happy. Merch comes back, im not happy. Use ups. They make returns easy. Unhappy customer becomes happy customer. Then, repeat customer. Easy returns, im happy. Repeat customers, im happy. Sales go up, im happy. I ordered another pair. Im happy. both im happy. Im happy. Happy. Happy. Happy. Happy. Happy happy. I love logistics. So when we started the day, there had been no deal over the weekend. But then slowly throughout the day, hope got bigger and bigger. This is turning into a literal episode of deal or no deal. As we hear whether or not the talks will have to keep a close eye on things like futures markets. And we did not have bond trading today because of the columbus day holiday. I would be very eager to see how those markets will trade if we dont have a deal. It has been very, very quiet in washington since we heard about the postponement of the white house meeting. Very quiet. Nothing. There is more teper talk tomorrow. I love the alliteration. David tepper will be on sidewalk box. Thats tomorrow at 8 00 a. M. Eastern. In the meantime that does it for closing bell. Thank you for having me. Really appreciate it. Fast money begins right now. This is fast money. Here is tonights lineup. Its earnings soup with ebay, and more. We will tell you which stock is poised to break out or break down. We get a take on the government shut down and the safety of the financial system. And cash is