And Reynolds American moving of 0. 23. So forget what i said about decisions have a huge impact on stocks. And remember convicted ponzi scheme mastermind Allen Stanford . Remember him . High Court Considering to shut down classaction lawsuits from investors. The ver victims who lost billios investing in a 7. 2 billion scam. The justices are expected to rule on that case sometime next year. This is massive breaking news. But you never heard me say this. Putting the pressure on a stock right now. Nicole petallides on the floor of the New York Stock Exchange. What is this about . Nicole lets break the news right here. Talk about the wellknown of boots, ahead of this company. The shares are to the downside nearly 7 lower. There have been talks based on some surveys, warning the sales trend has been dwindling, and so now the question is if the company is using sheepskin substitute. That may be for some of the boots. Do you want uggs if it is a substitute . Maybe you do, maybe you dont. Maybe he wont be able to tell the difference. In the meantime some people are saying i want the real deal, i dont want the partial sheepskin. The stock is under some pressure. Up 57 in 2013. Liz all you have to do is talk to kids, they dont want the knockoff. Nicole i want the real thing. Liz thank you so much. In this second week of the Government Shutdown with the debt ceiling looming, investors and traders appear to be holding or selling. Not really buying. Traders at the New York Stock Exchange cme group and the nymex. Then willis. We heard has been wrong so far over the past year. At this point as they are selling, will they be correct . No. I believe this is a correction and a longterm buying opportunity for longterm investors, the market has their corrections that are necessary to go forward. This is a kneejerk reaction, if you will. You can point fingers anywhere u want to. You and i have talked about this a long time. It is a correction we have been long waiting for unfortunately, but here it is. Blame whoever you want but if you want to market to be higher, there will be corrections, and this is one of them. Liz i was reading the market is up 150 since the lows of 2009. And all we heard was this laundry list of worries and concerns. What kind of real concerns do you see in the pits today . Were you so that is legitimate . I totally agree, would not consider this a correction. We are only off 3 from our alltime highs down to 1675. A correction is five to 10 . I agree i think the market will end up going higher as the end of the year, we have so much concerns right now the Government Shutdown, the debt ceiling, starting earnings off tomorrow as well but the market wants to chug along. Well off of the lows of the day. Nothing can derail the market. Liz you think that could derail the market . The point, again going back to what was just said, whenever you want to point a finger at a correction mode, theres nothing wrong with that. It is healthy and it needs to happen. I think we are in that mode right now only down 3. 5 about the same correction we had earlier in the year before we snapped back on a rally. I would like to see us break through the 1666 level on the s p going for 1600. I would like to see six in hundred before it goes higher, the new highs by the end of the year. It is an advantage for the longterm investor to be adding to their portfolio. It is different for traders like me. I want to sell anything i see because i know i can sell it cheaper. Liz you start to see things cheaper. You sell your friend Warren Buffett in the news about returns. When everybody else was losing their heads, he stood there and bought them including goldman sachs. Great trade. Liz for those of you who dont understand how he invests, the second he sees drama in the market he is literally rubbing his hands together excited to buy things. You look at energy right now, in fact we would be remiss if we didnt bring up the u. S. Dollar near an eightmonth low against a basket of widely traded currencies. To see the weakness in the dollar at a time we may very well the tapering at the first of the year affect things like gold and oil in different ways today, right . We had a number come out, it looks like oil should be trading higher on that, but it is not. Looking at the Fourth Quarter coming out through the closure of the government. People are thinking maybe were going to see pretty much 1 growth or less than that in the Fourth Quarter. If we get that, it could start to sell off over here. Liz that gives you a sense of how weak the greenback is right now. Great to see you on the floor show. I want to stress light volume today, not a lot of trading activity but as we have been saying republicans and democrats are still at a complete standstill over the Government Shutdown unless there is some negotiating behind closed doors we cannot see. Rich edson and i were Opening Doors to find closets where people might be negotiating. Now we have john boehner, the speaker of the house saying there will be no confusion resolutions, clean of anything. It has to be related to the budget but not obamacare. Speaker that is what president obama wants. This is still the same routine we were going through last week when the house passes these bills to fund certain functions of the government, slices of the government it goes over to the senate and the senate refuses to take it up same heavy fund that her government, not just a little bit of it. He went down to fema to demonstrate what these Government Shutdowns and cuts are doing. During the federal Emergency Management agency saying they are feeling the consequences they are and urged House Republicans to sign on to the full funding bill. There is not a subject im not willing to engage in. Work on, negotiate and come up with common sense compromises on. What i have said is i cannot do that under the threat that if republicans dont get 100 of their way they will shut down the government or they are going to default on americas debt. In response they say we are rapidly approaching our Borrowing Limit and still the president refuses to pick up the phone. If america defaults on its debt, the president will have to explain why he didnt even try to find a resolutions. Talking us capitol hill, they say there are no serious negotiations ongoing. Some corners democrats, republicans are talking with the highest levels of the governme government, no serious discussions to get our way out of this Government Shutdown issue and the debt ceiling october 17 to reach so we will see this for a while until finally we get down to the deadline. We are not there yet. Liz this is an important point. Interestingly when it came to tarp and the last time, washington turns to wall street, watches what is happening at the New York Stock Exchange and nasdaq and start start to panica little bit seeing generations of the market. We would certainly hope it doesnt come to that. Thank you very much. Im calling it debt day. Meanwhile, with the stalemate on capitol hill continuing, the man in charge of the treasury department, the money of this nation, jack lew took to the sunday talk shows to warn about the dire consequences of the government default but had been watching fox business, we had him on thursday exclusively out able to ask jack lew exclusively if the government much like an American Household with a budget shortfall would have a plan to prioritize who gets paid if we hit the debt ceiling. Heres what he told me and fox business. If you want to think of it like an American Household, when a family cannot pay all of its bills and doesnt his mortgage, it is in big trouble. The doesnt pay the electric bill it is in real trouble, doesnt pay the credit card bill it is in real trouble, there is no good solution if you cant pay all your bills. The rest is government is notno. It is the Gold Standard in terms of what full faith and credit means. Liz although you could argue would pay the credit card bill first, or put that aside, pay your mortgage. Of course you would pay your mortgage. There are ways to prioritize, but echoing those comments and all the talk show appearance yesterday when he said congress is playing with fire on the debt ceiling. In the end, folks, we dont what is going to happen because we have never hit the debt ceiling, defaulted on debt. Very hard to anticipate what will happen, although the general consensus of ceos, people we talked to a lot, dont do it, it could be a real problem in the commercial paper market. It is going to be a tough situation leading up to it and certainly if we hit it. The closing bell in 49 minutes. Most defense and Aerospace Stocks are higher despite the concerns of the budget and debt ceiling stalemates. What about the longerterm . We have an analyst with brandnew research on which stocks could get shot down by investors, and there are fewer he feels can stand up to any kind of real problem here. With the Affordable Health care act, could it be a prescription for success or failure in the Health Care Industry . We have a ceo on the front lines of the reform, which will mean for his bottom line and his customers, were talking about hospitals, those are his customers in just a few moments. Stay tuned. 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. Liz defense stocks shrugging off worries of a partial Government Shutdown. Lets get to the stocks. Take a look, everybody moving higher. That its technologies canceling temporary you heard about last week and Lockheed Martin trimming the furloughed plans. How will the Defense Industry fair in the long haul . Jefferies managing director and research analyst. Capital managing director, also the wall street journals Top Aerospace and defense stock picker. First of all how long do you think the shutdown is going to last . If you 380,000 pentagon workers for load now sent back to work is there really a shutdown when it comes to defense . No, there is not. The things that are important are paying the bills and inspect the systems before they are built. The pentagon has what is called the ar military act and they can pay the contractors as well. Liz give short cycle contractors people feel will be affected if certain contracts arent being written and going through. That is not the case, theyre largely going to be approved now. Liz do you see it that way as well . There will be a delay with everything going on in terms of new contracting there will be a delay. In terms of the services guys, what we have seen on the Cyber Security guys, a lot of layoffs, so i have concerns, longerterm eons just this shutdown. Liz prayerfully operationalize it appears to you . Yes, it appears everything is up and operational. Liz for the business audience who love love to pick stocks and decide when to buy them, they are uptodate. Would you wait a little bit until we get closer, would you wait . Of course not. We want to buy the bad news and is still the perception of calamity in the market. Liz do you have a favorite in any of the groups, the sector or subsector of defense . We have been recommending a couple. Large Company Electronic supplier, and another also very compelling defense electronic supplier. Liz look at what is going on with the Defense Industry, Lockheed Martin, honeywell a systems maker dashboards and things like that. These names are abound in the Defense Industry. Do you love them all, hate them all right now . The one that concerns but the most is General Dynamics because they have a very High Percentage of services and i think that is at risk, they are very army centered. They will underperform the group. I think on the Positive Side the largest ship maker, they will outperform. Theyre the only turnaround, so i like that as a safety play. Liz isnt that interesting. What do you think is an opportunity here . Do you like it . We dont cover that, but Large International exposure and the opportunity to continue to defend the United States with Missile Defense and in the case a lot of upgrade opportunities, so when you combine those two, that is where i think we will go. Then at the big platforms, but small electronics. Liz when you look at the Government Shutdown. It really is partial. The workers were furloughed and are now back to work because they will be paid anyway. The pentagon says this matters to security, lets go. In the grand scheme of things does it make a dent psychologically in a stock . The thing that will make a dent in a stocks is when we dont get contracts or when certain decisions by Congress Come back. Liz wasnt that going to be the sequester . All the small people and agencies that are not defense, but the fence is getting the most part we need to support the troops. It is a bit contrary. I think you are going to see delays in contracting. Sequester is going to continue and that will be 10 to 15 down in terms of revenue. Eventually low priced technically acceptable will be the norm many margins will get squeezed. Over the next year to to two years revenue will go down for everyone an in margins will go n for everyone. Longterm trend is negative for defense and we will be coming out of the largest war in u. S. History. All that is negative. Longterm issues you forgotten about, many of the contractors have already experienced this in the past and they have cutting their overhead well in advance of reductions in volumes, they have terrific Balance Sheets and pension reversals that drive earnings higher. There is some positive cash flow that is missed in this discussion. Liz you will be watching both of those names. Gentlemen, thank you. I suspect we will have you back soon because this is a story that is not going away. Crt capital group, good to have you both. For a different take on who the real winners and losers will be we look to saturday night live weekend update. Take a look. s been a busy week in washington with the shutdown of the federal government and the launch of obamacare. To help you understand it all, it is time for winners and losers. Loser, john boehner. Feel sorry for you, buddy. Its exhausting watching you maintain your dignity while wrangling the tea party maniacs. Youre like seinfeld if there were 30 cramers. Winner, the tea party. It is always nice to see a vocal minority get their way. You are like the naked lunatic that gets his own subway car. Congrats on soiling yourself into power. Liz were still looking for that. The closing bell ringing in 38 minutes. Blackberry in a huge situation. The stock has been on a tear today. What has got investors so excited weeks after the combat appears to be on the brink of extinction. And democrats and republicans battle over the Affordable Care act, we speak with one health care ceo. He is going to speak with us about all the political heat in washington and whether the Health Care Reforms could ultimately benefit his business and his investors. Stay tuned. You really love, what would you do . [ woman ] id be a writer. [ man ] id be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] id be an architect. What if i told you someone could pay you and what if that person were you . When you think about it, isnt that what retirement should be, paying ourselves to do what we love . Liz when you hear the bickering between republicans and democrats, you know that health care remains at the center of the government shut down for now. The speaker of the house demanding a 1year delay in the Affordable Care act will president obama makes it clear that his reforms are not negotiable bonds. Through it all, the ceos of Health Care Companies have to deal with this. We have this deal of one of them , on the care. John workman says Health Care Reform is a good thing for his bottom line joining us now in a fox business exclusive. Welcome to the program. Tell us why you think this is a good thing for your company. Thank you for having me on the program. First, a comment about omnicare. Omnicare is a diversified Health Care Services company that provides comprehensive pharmaceutical services to two primary segments that allow us to deal with a lot of different populations and care settings. The first one is our longterm care business. That is a business that deals with the elderly in up primarily institutionalized setting, meaning a nursing home or assisted living residence. Today we service about a million per day. The other is the Specialty Care business which is a Commercialization Services which allows for drugs that are fairly complex to be costeffective to patients who are dealing with complex diseases, things such as multiple sclerosis, rheumatoid arthritis, eccentric. As a consequence we think that gives us the broad purview of the health care market, at least from a pharmaceutical standpoint. Now, to your question as to why we think that this could be beneficial ted omnicare, and the Long Term Care segment we think we are already aligned with the Affordable Care act to amend by that i mean that we have fairly strong coverage relative to medicare. In some cases medicaid. Also a heavy generic drug dispenser. By that we are dispensing drugs that are a fraction of the cost of the brand of the equivalent. Liz which works well, i presume, with the regulation, the Affordable Care act and certainly with more people on the insurance rolls once they can finally sign up and get through of the glitches, that would be good for your business. And yet this secondary, of ceo of publicly traded company, a freemarket guy. Is a perplexing to you that, for example, someone other republican side feels very strongly that this is absolutely horrible for the nation. Well, it is a little bit of a perplexing situation. As you said, we think that there will be new patients available. We are focused on opportunities such as assisted living residences that can allow us to capitalize on that business, the similar spirit of the other hand, we realize that on the specialty pharmaceuticals, those drugs will be costly to the patients. We could see higher cost sharing on behalf of the patients and are concerned about the elderly population. The rapid number of people that will become available for health care under the exchanges are going to put stress on the infrastructure of the system, and we are concerned what impact that will have, but with the insurance companies, the delivery, meaning the positions, and the players. Liz the rollout was rocky certainly with the website. Your stock over the past year is up 63 . So when people say that this is socialized medicine and theyre just shoving everyone to the government auction, what do you say . Again, today in our longterm care we are primarily and medicaretype facility which is already coverage for the frail and elderly. We think that there will be some opportunities for continued patients or new patients into the system. We are being prepared to handle those under the system and put in place mechanisms that allow us to capitalize as a company on those opportunities, whether they be the longterm or Specialty Care segment. Liz great to have you and your perspective to. There are a lot of fingerpointing, accusations about what is and is not. Youre a guy in the trenches at the omnicare. As ceo, and we love to hear from see as well what is really happening. Thank you, mr. Workman. Thank you. Thank you for having me. Liz provider of pharmaceutical services. Stock up 63 , not a bad performance. Twentynine mess before the closing bell. You heard about that gold iphone 5s. For real gold. Flew off the shelves. Still on back order. It looks like a little man jet. How much are some people paint to give their iphone that golden touch . We will break down the numbers. Plus, not on twitter but actually okay. We are. Coming up, which stocks are trending and what the trade is. Thats next. Stay tuned. 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. Liz sparks are flying today for two smart phone makers. For once it is actually good news. Adam shapiro on the blackberry bidding blades and Nicole Petallides on the apple bounce. First on blackberry. Good news. Reporter shares are up over three and a half , trading just under 8. The fairfax offer, a lot of people dont think that will go through. The book value is far more than that. The reports, for instance, and sell, perhaps interested in acquiring with a partner blackberry. Actually it was proposed. They could actually purchase blackberry. Could make the devices. Intel would have a platform for its chips along with that deep Save Technology which is light years ahead of other companies, especially when you get into government oriented business. He said once you have a company in play like this they try to have it settled. That would be the deal, within just a couple of months. Anyone who picked up blackberry would be foolish to throw it away. He does not believe that blackberry will ever disappear. He thinks it is a strong brand and that it will live. There is potential billable would be interested in the intellectual property as they fight off Patent Infringement lawsuits. They bought motorola, but it was not all that they bargained for. The need to protect themselves from pat controls, and purchasing blackberry could accomplish that. This deal is expected to close quickly and before the end of the year, whomever the purchaser will be. Liz and i am looking as well off, up about a quarter of a percent. You know that leno has massive smart phone market share in china. We are all sitting here saying iphone. Everyone isscarrying one of those in china. That is right, but i want to get to news pertaining to apple. The stake a look at how the shares have faired. You have one analyst that is very hot on the prospects for apple Going Forward with a 600 price target up from 425, jefferies and company saying that the spider who originally would not budge for apple are now starting to give a little. They have become far more lenient with their prices which ultimately helps apple with their margin. And then in addition to all of this news, there will be some real demand. The iphone six may have a screen that is greater than 4 inches, and that is similar to samsungs galaxy. They anticipate a lot more demand for this latest newest iphone which will be coming out. That is why they are hot on apple and the newest iphone. Theyre getting to the upside on this one. Liz statement. We will show you the gold iphone that is completely selling out. Neither apple or blackberry is trending on twitter. You could make some money by seeing what stocks are trending. And it stock twist is a company that does it. This is real time. We did not know in advance. Right now 25 trending on twitter, actively traded, National Bank of greece which is a leader today. And Ticker Symbol zero anzio, interesting. Those are the top three trending stocks that people are talking about. Dont forget to follow me, not after 13 and on twitter. We have this little thing going. He has more than i do. I need you guys to follow me. So simple. Closing bell ringing in exactly 20 minutes. The governments partial shutdown. Psychologically it is weighing on stocks. Down nearly triple digits. Actually down 103. S p losing ten, the nasdaq down 30. You could really say it is a minor pullback. How long does it last . And the gold case. How much would you pay for in iphone case . Usually 20, 30. You will not believe what some people are shelling out. That story next. Weekdays are for rising to the challenge. 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. Liz well, now what would we do without this next power mover. If were going to have goldeye funds proliferating the nation. On a day when gold is up, the goldminers follow. Allied nevada is moving higher by about a dollar and two pennies, and production and sales, the Third Quarter and announced record production, very nice moves for this company a big day for allied nevada. Speaking of cold, new research no says that the new iphone 5s is a real gold for all of the major u. S. Wireless carriers. Apparently Everyone Wants it, but good luck trying to find the gold color. We called apple and were told they are still on back order. Listen, forget that. Go for their real gold thing. Some blame. You can now buy a 14 karat gold case for your new iphone from a company that is an american accessory company. Each one is individually numbered and engraved because you needed engraved, right . The price tag, ten grand, no big thing, right . Come on. 10,000, and we all lose our phones to our right . Those are available on the website. Be sure if you need that right now, use your cold fingers to call. Compare that to the typical price range for regular cases, 20, 30. The hello kitty with the sparkles. I love it. Liz he loves it. If you have the gold one, 0ng. Stocks are falling as we enter the second week of the government shut down, but our next guest says did not focus washington. He is focused on actual companies that his fund reflects how well the strategy works. Look at this chart. A 46 over the past year, far outweighing the benchmark s p 500. What does he look for when investing, and which stocks can make your money now . I am calling him the dawn of stocks. Founder and chairman, Portfolio Manager for hodges capital management. Far from d. C. Tell you just have to tune in all and some times . Hello, liz. Nice talking with you. It. Liz and that is the thing. Because when you tune out washington d. C. , at least for you you have managed to make money. Lets talk about how you are picking stocks. What do you look for . First of all we are very Company Specific as opposed to trying to determine what the market will be. We are finding buys even in a market like this. The market is a little tenuous right now. Probably more on a shortterm basis than longterm, we are finding buys, still finding buys in the airline group, which we think our underground. And some of the commodities smith, free. Reporter moran, cleveland resources, there are good buys in this market, and the market is tentative right now due to the news coming out of washington, but we think we are in a rebuilding phase that will continue. Liz someone our viewers understand why they need to listen to you. To stock of the delta. Up now 37 percent since he picked it. You talk about the midas touch, but the stock is up 100 year today. Not bad. Give us new names. You already mentioned one. But polaris and matador our holdings in your funding that have done so well. A little bit of a dividend. Polaris is very active in the small vehicle market. That is the hot market today. Ranchers, sportsmen are buying these small for wheelers. They have also rejuvenated the Indian Motorcycle grand. We think that the outlook is very positive. But every division is doing well. And the multiple is a little bit high on polaris, but the stock tax good, and we think that it is doing good for longterm holding. Liz i was looking at that price to earnings ratio. You also have a little bit of a dividend. Talk about matador, another name that our viewers might not be familiar with. You really like this one. We think it is one of the best managed small oil and Gas Producers that we are aware of. There are very costconscious. They have some terrific properties. They are beginning to have some very good results with their drilling program. We just think that it is a good allaround small oil and gas producer that is going to do very well over the long term. The stock has made a pretty substantial move this year, and it may move sideways for a while. Liz everyone should be patient in those cases. He really did want us on thursday about hitting the debt ceiling. Do you get concerned about Something Like that . I mean, the worst thing always is to try and time the market. You would not recommend people going into all cash until the storm blows over, right . Oh, no. Not at all. Longterm investors should not be too concerned about what is going on. We think the things that are coming out of washington i going to affect the market shortterm. Long term i think it will hardly be a ripple. Liz from your mouth to gods ears. Thank you for joining us. We appreciate it. Thank you. Always a pleasure. Liz sorry about your cowboys. Theyre doing a good job but had a bad day yesterday. Liz kind of like the giants. A lot of bad luck lately. Five losses in a row. Good to see you. Please come back. Good to see you. Liz what a return. 44 percent of the past year for yeartodate versus 17 percent for the s p 500. The guy knows his stuff. Closing bell ringing in 18 minutes. The nasdaq winners coming right up. If youve got it, you know how hard it can be to breathe and man, you know how that feels. Copd includes emphysema and chronic bronchitis. Spiriva is a oncedaily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. You know, spiriva helps me breathe easier. Spiriva handihaler tiotropium bromide inhalation powder does not replace fastacting inhalers for sudden symptoms. Tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. These may worsen with spiriva. Discuss all medicines you take, even eye drops. Stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. Other side effects include dry mouth and constipation. Nothing can reverse copd. Spiriva helps me breathe better. Does breathing with copd weigh you down . Dont wait to ask your doctor about spiriva. And this pk is the inside of your body. See, the special psyllium fiber in metamucil actually gels. And that gelling hes to lower some cholesterol. Metacil. 3 amazing benefi in 1 super fiber. [ indistinct shouting ] [ male announcer ] time and sales data. Splitsecond stats. [ indistinct shouting ] its so close to the options floor. [ indistinct shouting, bell dinging ]. Youll bust your brain box. All on thinkorswim from td ameritrade. Gillettes take a look at the vix first. Again concern about what is going on in washington is something to watch and be careful about. I do want to quickly mention before we bump up to after the bell. One of the surprise, nasdaq lead serosities la. Tesla had a fire a week ago, car fire. How many did we cover in local news. Liz elon musk said, big deal, it happens. Car hit a piece of metal. Here is it up 2. 09. Hitting near 185 a share. That is the story of tesla. Were waiting on the bell at the moment. A tough day happening, adam. That is correct. You talk about the tesla situation. It was a piece of metal. This was not a boeing 787 where they were having lots of trouble. Liz we have falling projections for weak Third Quarter sales. Abercrombie fitch and weak news for china abroad like names like ralph lauren. The estimates are Profit Growth will slow as well as sales. Adam nicole, remember when you were talking about apple near 700 a share. Theyre chiming. Anybody talking about that again if. Take 600. Forget 700 at the moment. Jeffries liking what well theyre seeing for the iphone 6 bigger screen. A lost suppliers are more lenient with apple which ultimately helps their margins. Liz there is a lot of talk about medical devicemakers getting hit in advance of obamacare. Guess what . Intuitive surgical, a real star, getting a boost. It is the top performer in the s p 500 few want to own this one today. Youre probably pretty happy. The stock is up 4 . Intuitive surgical got a boost. Jpmorgan said they remain constructive on the longterm prospect for this company and their tools. And a Company Formerly known as coinstar posting gains today. Tell us about that. Jana partners acquired a 13. 5 stake in the company. You remember coinstar. Their activist investors at this point. We see shares jumping because of that. Adam is anybody talking about this down there . The u. S. Housing regulator filed paperwork to build a new firm that would ultimately replace fran freddie mac and fannie mae. How do you digest this down at the New York Stock Exchange . It will be a lot more telling tomorrow when you have time to digest it. That is not what weve been talking about. Theyre talking more about the Government Shutdown. Im sure that will be a hot topic tonight and tomorrow. Liz the fact is, it is breaking right now, i can understand that the traders are not really seeing it at this moment. The headline is is u. S. Housing regulators filed paper to build a brand new firm that could ultimately replace fannie and freddie. Dont know if we look at homebuilders. Ill look at kb. It is moving down half a percent. Who knows how if this will affect the market. Adam how will banks securitize the mortgages . Is the government going to be there with its unofficial backstop. It will be very interesting to see. We saw the homebuilders downgraded today as well. And what weve seen is the latest, there wasnt that much inventory. Some new buyers have been spooked by higher prices theyre facing. Adam sure. If you put it all together it makes me queasy. Adam blackberry, you were telling me about 20 minutes ago. Rob enderle said the company will live and the device will be and someone will buy it. Any bets who it will be intel . Intel, google or whoever . Not quite yet. I have not heard who the real winner may be. [closing bell ringing] adam they were talking about i intellectual properties. Liz blackberry, in the ether, at least parts of it will survive. The bell rings on wall street, close to the lows of the session. 135 points. S p is hammered by just about a percent. Russell 2,000 gets hit the hardest when it comes to percentages. Down more than a full percentage point. The front page headlines. Day seven of the Government Shutdown. President obama and Speaker John Boehner seem to be as far apart as ever. They are not making any progress to raise the debt ceiling with the october 17th deadline days away. Adam Lockheed Martin scaled back the number of workers facing furlough. This came after the pentagon recalled most civilian defense employees. Liz twitter has not gone public yet but already has a buy rateing . How doesha