House Speaker John Boehner will give his response in just 30 minutes. Well carry that live. David titfortat. International Monetary Fund saying today that a failure to increase the Borrowing Limit and a selective u. S. Default could seriously damage the global economy. Liz in a fox business exclusive, Philadelphia Fed president Charles Plosser telling fox business the fiscal battles in washington are a real risk to the economy but he also tells peter barnes there is not much the fed can do to address shortterm events. David very good interview. Win for apple in the latest battle for the global patent wars. U. S. Trade Representatives Office upheld a ban on importation of older samsung products. Liz at t ceo, Randall Stevenson says he sees what he calls a huge opportunity in europe. He is looking for ways to expand at ts business in that region. David google is making a new push to sell laptops that sell the chrome operating system. This is partnership with hewlettpackard. The chrome book costs 279 each. After the bell starts right now. Liz as we close, very close to the market close, we get todays Market Action and reaction. James lowell, chief investment sister, look he is already ready for this, this is buying opportunity, all the fear for investors. Larry shover in the pits of the cme. Lair remember is also smiling but probably for different reasons. You guys love the action as much as anybody but there was quite some action as the president began to speak and we closed pretty much at the lows of the session. Youre right. Liz go ahead, larry. Anxiety is rising here. I mean as the death r debt drama continues to rise it is is being up all the oxygen for the market and for traders. Up until today traders were at a standstill. Some were waiting for rebound and resolution rally. Some didnt want to stand in the way of some type of crisis selloff. When you consider the s ps fallen almost 4 since august, im sorry, since september, the vix is up 60 from august, all these things, the bias is starting to tilt a little bit. Were listing to port. People are starting to get a little more conservative. We see that today with implied volatilities. David jim, lets talk about the word default because the definition is being stretch ad little by this administration. The president and treasury secretary say as soon as you hit the debt limit a default, they suggest is almost necessary. You will be defaulting in some way where as before a default was very specific word. It meant if you dont pay the people who doubt your bonds, thats a default. Theyre very muching that definition. When the president specifically was asked, if you had to prioritize your payments, if we hit the debt ceiling, would you first pay off the bondholders first which is essentially International Law . The president would not answer that directly. He deferred to his treasury secretary. Does that concern you . It does not concern me. This is washington at its worst, which i guess weve come to expect as washington, kind of being at its best. Reality the default is still a long way down the road, even though it feels like it is weeks away. The weeks, caucus ticking. There is no question in my mind. At least as of yet. Well not be able to figure out some sort of a solution that helps us manage at least in part or in whole both debt ceiling and default question. Liz in essence, maybe wait until that high fear moment, where the market drop as bit more. The market says buy what, jim . Liz, i get the fact this market is as nervous as a seal in a shark tank. I dont think anybody doesnt understand that but reality is that is when you want to begin to look for opportunities. Were still in the aquarium. There are not cracks in the glass. There are no water leaking out of the tanks. As an investor this is good time tock looking. I put it another way. No one made themselves rich selling on fear. As fear continues to be the catalyst well continue to look at fundamentals both in economics reports that we can get our hand on as well as earnings to help us deliver what we hope are reasoned approaches to reasonable longterm gains. David well now, jim, you specialize in Exchange Traded funds of the you dont do individual stock picking as much as you do the fund. I think most Retail Investors agree with you. Theyre gun getting to picking individual stocks. But whats interesting to me is that despite these talks about the default, what it is, whether or not, in fact the bondholders might get screwed the way gm bondholders were screwed years ago. You have two financial fund. You have one that focuses on Consumer Finance and one that is Financial Sector portfolio. Explain what they are and why they appeal to different sectors of the finance community. So, david my premise there, that consensus is almost ruling out consumer and their desire to spend but i think you buy what enables the consumer to buy. That is Consumer Finance, visa, mastercard. Liz hold on one second, jim. I will let you finish that in a moment. Weve gotten alcoa earnings. This is the Aluminum Company of america. Very much a proxies on global spending on things like aluminum needed to grow. They have met the eps number at 5 cents excluding items. They have beaten on the revenue. David good. Liz this is unusual. Alcoa has struggled recently over the past several quarters and whats happening . The stock is responding in kind. It is jumping about 2 in a moment. Excuse me as i put on my glasses. A couple things you need to see with alcoa. How is the flat roll business doing . What do they see comes to actual pricing. The pricing in aluminum has been challenging. Aluminum dropped in price. Alcoa has had a difficult time to be able to charge more. They have 16 or 651,000 metric tons in selling, smelting capacity offline. So they cleaned up the business. They narrowed their opportunities to be spending too much money. In turn they have Beat Estimates on david liz, another very important thing hitting the wires right now during the Third Quarter the settlement discussions with the department of justice, of course the department of justice has been coming down on a lost corporations recently not only in the Financial Sector but also alcoa. The sec continue with their discussions. No settlements were reached but it seems like reading between the lines here, that alcoas is suggesting that perhaps they have gone a long way to settle their problems with both the sec and the department of justice. Liz they are reaffirming david, their forecast of 7 global aluminum demand. That is exactly what clause klein felt, the ceo told as you week ago. We had the opportunity when we spoke to them exclusively on 125th anniversary . What do you think of the debt ceiling battle. He was pretty much disgusted, from a business standpoint, raise the debt ceiling. You dont want to see this cause global gyrations, alcoa, very much a global business. David indeed it is. Larry shover i want to go back to you for a second. The question of whether or not the deficit was responsible for the problems that we saw at the last tick of the wire. Sounds like theres a lost activity at the s p right now. Closes in about 10 minutes. What is happening behind you . A lot of screaming going on. Same thing i mentioned earlier. Half the crowd is looking for some type of resolution rally rebound. The other half are worried about a crisis selloff. That makes for a perfect market. Hold on a second. We really havent seen any kind of a crisis selloff going on. Weve seen a slow fading of the markets. Yeah. David what do they think would cause a crisis selloff right now . Well i think the bias is tilting a little bit. Weve fallen below the 100 day moving average. I dont care about technicals that much, however it creates a lot of momentum in the market. Sooner or late we start to leak. We list to port and panic will end up hastening the rotation into other Asset Classes that look of value compared to the United States that would be europe. That would be china. That would be japan right now. Whether it makes sense or not, people are worried. So there has been a lot of mixed reactions behind me especially in the last 10 minutes. Liz see then the worry, the discussion comes back to jim, who is out there trying to pick and choose some stock names. How should people be watching and deciding what to pick, jim, at this point . Stay focused on the fundamentals, not on the fear. Will james said the art of being wise is knowing what to overlook. If there is elephant charging at forest that will be easy to sidestep but look for the tiger behind it. The reality unlikely the default will take this market down. Likely be something we havent factored in but i like fundamentals especially in a consumerdriven economy where i see the u. S. Consumer remaining strong. David i love how all of your analogies have to do with animals. That is why we have you here, jim. Youre an animal lover. We love you. Thanks, jim lowell. We appreciate it. Larry well check in with a couple minutes when the s p futures close. We love the animal analogies. Liz i love paws and animals and alcoa is jumping on the numbers. David it is indeed. Liz talk about the twitter frenzy is reaching a fever pitch. Could the social Media Company be a better bet than tis la . We find out whether twitter could become the new darling of wall street. David the ponzi kings hide away. Bernie madoffs luxury penthouse. Well show you parts of the penthouse that has never been seen. Also the desk which Bernie Madoff was working when the fbi was looking in. Liz gorgeous view. Wow. Todays facebook question is this we want to know from you, if you had 17 million to spend, because that is what it is going for, at least that is what it is up for, would you consider buying madoffs lair . Real estate, right . Log on to facebook. Com afterthebell. Well bring your answers and date pictures, you will see them here first. [ indistinct shouting ] [ 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. From td ameritrade. Always go the extra mile. To treat my low testosterone, i did my research. My doctor and i went with axiron, the only underarm low t treatment. Axiron can restore t levels to normal in about 2 weeks in most men. Axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. Women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as uneected signs of puberty in children or changes in body hair or increased acne in women may occur. Report these symptoms to your doctor. Tell your doctor about all medical conditions and meditions. Serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet or body swelling; enlarg or painful breasts; problems breathing while sleeping; and blood clots in the legs. Common side effects include skin redness or irritation where applied, increased red blood cell count, headache, diarrhea, vomiting, and increase in psa. Ask your doctor about e only underarm low t treatment, axiron. Liz look at shares the monster beverage. Why . Because they were on the rise today following reports of strong september sales. Lets head back to lauren simonetti. She is on the floor of the new york stock exchange. Lauren . Hi, liz, monster was number one performer in the s p 500 on a day when almost everything was down. Monster was up 3. 25 . There is Fresh Convenience store data that monster beverage sales were up 10 in the month of september. So that is excellent news for the company and for investors, who might have been seeing a slowdown in the energy drink market. So bmo Capital Markets had very positive comments about this stock and it is a winner today, liz. Liz thank you, lauren. David well the market wasnt a winner today. We heard a lot of activity in the s p pits. Lets go back there to the cme and larry shover. Larry, i hear a lot of shouting even though the market just closed there. As the present morass continues to persist the dips are shallow and brief. The longer we march along the path without a deal the ground will become unstable and very volatile. What is impact . Gdp, delay of tapering or lastly we could see a rotation into other areas of the world and out of the u. S. For no other reason than we can not get our act together. It will be fun to watch as a trader. Very nervewracking for investors at home. David a lot of traders are cash heavy looking for dips like that. So you know at a split second these guys could come back in and buy up bargains or perceived bargains. Larry shover, from the pitts of the cme. Liz this is amazing to me. Twitter hasnt become public, has more time to ipo and has noise from investors looking for the next big stock bet. David can twitter become the new momentum darlinging . Joining us, jeff reeves, our darling from investor place. Com, the editor. Great to see you. A lot of people are saying tesla, could twitter be the new tesla . What do you say to that comparison . It could be. There are a lot of similarities between the two. Tesla offered when it was not exactly making money and used ipo to fund growth. That is vastly different from facebook. A lot of people that got rich were executives and didnt make a lot of money they deployed to make the company grow or ultimately change. Twitter has the opportunity like tesla, they go public, make money on the markets and invest in their company. That is the american Success Story we like to see a public offering. Liz can they monetize, jeff . Can they make money over at twitter . In some cases making money isnt exactly the biggest deal at the moment. Amazon, we were talking about this anyway. Amazon could keep losing money but twitter keep wanting the stock. Twitter as a newbie, will they be as tough on facebook can they monetize mobile, et cetera . Can they do it . Twitter has figured the mobile problem out. 75 of the users are mobile. 65 of users are mobile. There is not a shift they already need to do. Theyre already there. Twitter is puting a lot of money in r d. This year they spent 112 million of research out of revenue of only 250 million total. About 40, 45 of their entire is in r d. Theyre investing heavily themselves. People have to understand this is a company that is ramming up. It is looking for the hockey stick. If you look at threeyear chart of tesla it didnt do a lot for the first two years out there then it went like gangbusters because it proved naysayers wrong. David i have to stop you there, jeff. It is easy to understand what tesla put money in. Tesla cant produce enough cars. They have more orders than they do cars, you wonder what twitter would do, ipo new capital to invest in expansion growth. In what would twitter invest . We know what tesla would invest in which is cars. That is very simple. What would twitter invest . I think a question to figure out a way to use the social media platform bettory monetize people but reach for information david that is vague, jeff, forgive me. Thats a vague answer. Be specific. What would they get into that a lot of other sites arent already into . Twitter is already experimenting with video right now. One of the biggest problems they have is large contract advertisers they may not have that much twitter in current user baseballs theyre only 1 5 of the size size of facebook. If they get scale you tap into a pool of bigger advertisers simply because of the reach with bigger campaigns like that. I dont think twitter has to reinvent the wheel. I do think there is opportunity for growth and scale of existing model. Monetizing better and using different medium. Twitter doesnt have a lot of video tape graduation now. Video is the way mobile is going. C. Pms are better for video than conventional display ads. There is lot that can be done with the existing model. That is the spirit of an ipo. Raise capital and deploy it to make your business go to the next level. That is something where people understand. Even with twitter operating at a loss right now theyre putting that money to work in the r d department. It is not bleeding cash because it is not operating. Each time people think twitter is jumping the shark the micro blogger turns around and serious in hollywood situations. Miley cyrus tweeting after twerking situation. You have issues in egypt involving twitter. You look at this, you say there is real opportunity here. The question becomes, jeff, do you jump in when it first goes public or do you wait until there is a little bit of a shakeout . I do think twitter is run like a real company. People need to kind of look at facebook as a different thing. There are two classes of shares at facebook. Zuckerberg hat 2 stake. Executive team at twitter collectively has a smaller stake than zuckerberg does. Ceo as 1. 6 . They dont have two classes of stock. Theyre running like a publiclytraded company, not a vanity project. The narrative is very sexy. Investors when you look at the Balance Sheet and the s1 that was filed you look at shares structured. It is a legit company. Linkedin showed us that that wasnt a social media fad. There was a money behind it and they showed a way to make a business profitable and investors made a lot of money. Just because you see a Miley Cyrus Twerking tweet that is all it is about. There are serious business. Liz they were smart enough to get him in place the ceo. He is a grownup and smart businessman. They have a real future. Jeff, good to see you. Thank you so much. Thanks for having me. David you have to explain working tweet at some point during the break. Still not hip, i dont know the twerking tweet. President obama uses uncompromising language. He calls on republicans to raise the debt limit without conditions. In just a couple of minutes Speaker John Boehner will give us his response to the president. Well bring you his comments live. Liz hollywood is over the moon over the new scientific movie, gravity. Imax entertainments ceo whether the film markets the beginning after golden age of big screen movie theaters. David did you see it . Liz not yet. Stick with innovation. Stick with power. Stick with technology. Get the flexcare platinum. New from philips sonicare. If you have business idea, we have a personalized legal solution thats right for you. With easy stepbystep guidance, were here to help you turn your dream into a reality. Start your Business Today with legalzoom. David yum brands just came out with their earnings and they were not good. In fact the stock is trading down 5 right now afterhours as you can see here. Part of the problem was in what happened over in china. Samestore sales declined in china by 11 . That was a huge drop in what was expected. They had staked a lot in their operations growing in china exactly the same time when growth in china was coming down. Samestore sales in the United States were about flat but it all ended up with missing on their Earnings Report and that ends up right now in about a 5 drop in the stock afterhours. Closely monitor this stock tomorrow when stock trading begins in the morning. Liz . Liz earlier this afternoon president obama bluntly called on congress to raise the debt ceiling without any issues attached. He warned that the u. S. Economy risks a very deep recession if lawmakers fail to reach a deal. We have Speaker John Boehner, he is going to be giving his response in just a few moments. We of course will carry those comments live. David meantime lets head to rich edson at the white house for more on this, i guess it is a conversation right now since it is not a negotiation according to the president , right . Right. Its a conversation about maybe having a negotiation and theyre nowhere closer to having a negotiation or resolving this issue. President obama says hes not budging. I cant imagine Speaker Boehner in the next five minutes is going to announce any budging any close toward president s position. President obama did talk about possible contingencies if we do pass the debt ceiling. He says, the administration is exploring all contingencies. He left the specifics up to treasury secretary jack lew who will testify on thursday on capitol hill. As for other ways that the u. S. Government might deal with the debt default, president obama says, youve just got to raise the debt ceiling because there is no good option. The greatest nation on earth shouldnt have to get permission from a few irresponsible members of Congress Every couple of months just to keep our government open or to prevent a economic catastrophe. Refusing to negotiate is, is an untenable position. And frankly by refusing to negotiate, harry reid and the president are putting our country on a pretty dangerous path. President obama says he will negotiate. He will even buy lawmakers lunch. He just wants the house to pass a bill that funds the government and raises the debt ceiling. Republicans say what leverage do we have if we do that . Back to you. David im putting my money on rich edson. Liz me too. David for all the stories. Liz ill tell what you viewers did. They put the money on gravity. This is a killed it at the box office. Well talk to the ceo of imax entertainment. Theyre extending their request to keep this movie in the theaters. It has been that successful. What does he think is the next big gravitytype hit on the Silver Screen . David only three years ago Bernie Madoffs place was bought for nine million dollars. It is going for about twice that, about 17 million. Is it worth it . We report. Inside Bernie Madoffs old lair and you decide. Um. Wheres mrs. Davis . She took an early spring break thanks to her double miles from the capital one venture card. Now what was mrs. Davis teaching . Spelling. Thats not a subject, right . I mean, spell check. Thats a program. Algebra. Okay. Persons a and b are flying to the bahamas. How fast will they get there . Dont you need distance, rate and. No, all it takes is double miles. [ all ] whoa. Yeah. [ male announcer ] get away fast with unlimited double miles from the capital one venture card. Youre the worlds best teacher. This is so unexpected. Whats in your wallet . [ crashing ] [ male announcer ] when your favorite food starts a fight, fight back fast with tums. Heartburn relief that neutralizes acid on contact and goes to work in seconds. Tum, tum tum tum tums david all right. We are waiting for john boehner to respond to the president and here he is. Lets listen in. Good afternoon, everyone. As you all know i had a phone call with the president of the United States this morning. I will say it was a pleasant conversation although i have to say i was disappointed that the president refuses to negotiate. When it comes to the issue of funding our government the house has passed four bills. Four bills to fund our government and provide fairness to the American People under obamacare. Each of those four bills was rejected by the United States senate. Under the constitution, and our system of government we asked that they sit down and have a conversation with us about funding the government, keeping it open and providing fairness to the American People under obamacare. They have refused to do it. Now over the last 30 years dozens of times there have been negotiations over funding our government. All of those negotiations over the last 30 years have resulted in significant policy changes and i would remind that you the president of the United States and i have sat down in the spring of 2011 to negotiate funding a bill for the government from march all the way through september. During that negotiation there were all kinds of policy considerations and if you recall, the opportunity scholarships for kids here in d. C. Was in fact restored into law. So the president s position that, listen, were not going to sit down and talk to you until you surrender is just not sustainable, it is not our system of government. When it comes to the debt limit, i agree with the president. We should pay our bills. I didnt come here to shut down the government. I certainly didnt come here to default on our debt but when it comes to the debt limit again, over the last 40 years, 27 times the debt limit has been used to carry significant, significant policy changes that would in fact reduce spending and put us on the saner fiscal path. President reagan sat down with tip oneill in the 1980s. President bush in 1990 went out to Andrews Air Force base and got into a long debate and negotiation with democrats here in congress. Bill clinton went through this three times in the 1990s. President obama and i sat down in 2011 and had a serious negotiation. And while the president today is suggested that i walked away from the deal, i would have to remind him that i was in the oval office along with the majority leader a rick cantor when we in fact had an agreement that two days later the president walked away from. But there was in fact another negotiation in 2011 that resulted in really the largest deficit reduction bill weve seen here in the last 30 years. But in 2010, when democrats controlled the congress and president obama was in the white house, what happened was a group of modrat democrats in the house wouldnt agree to raise the debt limit without a negotiation. So there was a negotiation then amongst democrats over raising the debt ceiling. The long and short of it is, there is going to be a negotiation here. We cant raise the debt ceiling without dog something about what is driving us to borrow more money and to live beyond our means. The idea that we should continue to spend money that we dont have and give the bill to our kids and our grandkids would be wrong. This isnt about me and the frankly it is not about republicans. This is about saving future for our kids and our grandkids and the only way this is going to happen is that in fact to have a conversation. So its time to have the conversation. Not next week. Not next month. The conversation ought to start today and im hopeful that whether it is the president or a democrat leaders here in the congress, we can begin that conversation. Mr. Speaker can you tell us please to say military families denied death benefits due to the shutdown . Last week the Congress Passed the pay our military benefits act. We gave Broad Authority to the department of defense to pay all kinds of bills including this. And frankly i think it is disgraceful that theyre withholding these benefits but again tomorrow, the house is going to act specifically on this and i hope the president will sign it. Mr. Speaker go ahead. Mr. Speaker, the president [inaudible] youre making it extremely clear there is no what happens in all candor if it is 11 59 on october 17th, and were not there . Times like this the American People expect their leaders to sit down and have a conversation. I want that conversation to occur now. The president said he would negotiate, that there was a temporary deal what the president said today, if there is Unconditional Surrender by republicans he will sit down and talk to us. That is not the way our government works. Thank you, everybody. Liz john boehner, speaker of the house, in essence saying you know what . I had a conversation with the president but it was still disappointing. David, no deal. That is why you saw the markets gap down at the end of the day. David i think it was also the suggestion by the president , a default, if we came up to the debt ceiling that we may consider whether or not stiffing some of the bondholders. A classic default is when you dont pay back the bondholders. And we get 250 billion every month from taxes. Our debt service is about 2billion dollars a month. There is plenty of money to cover that. You dont have to default to reach the debt limit the question is whether the president might stiff some bondholders in order to pay off some of the other people. Liz you know the debt ceiling has been raised every single year since 1835. David yeah. There is always negotiations. There are always negotiations. Whether you call them conversations or negotiations. Are all negotiations, hostagetakeing . I dont think so. Have you ever wanted to live like a ponzi king . Now you can. Well take you inside Bernie Madoffs luxury penthouse which is now back on the market. 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[ male announcer ] dont stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. Eliquis can cause serious and in rare cases fatal bleeding. Dont take eliquis ifyou have an artificial heart valve abnormal bleing. While taking eliquis, yomay bruise more easily and it m take longer than usual for any bleeding to stop. Seek immediate medical care for sudden signs of bleeding, like unusual bruising. Eliquis may increase your bleeding risk if you take certain medicines. Tell your doctor about all planned medical or dental procedures. Ive got three Important Reasons to up my game with eliquis. [ male announcer ] ask your doctor today if eliquis is right for you. Liz what did you see this weekend . I saw captain phillips. Apparently everybody saw gravity. This is the scientific flick starring Sandra Bullock and george clooney. It raked in 65 million this week and in turn a very significant win for imax as well. So far the film netted the company just over 11 million in north america, 15 million globally. What is the next movie in the pipeline for the company and how long a tail i guess could gravity be . Joining us greg foster, imac entertainment ceo. Greg, this has to be exciting for you . Hi, liz, fantastic. Im an inherently optimistic person but no way i could predict the movie would open as strongly as it did. It appears the wordofmouth, the legs, if you will are quite significant for the movie and quite excited to be part of it for some time. Liz all everybody is talking about how incredible the movies is and people are crying all the time, really into it. So what are you guys doing now . I found it interesting youre ordering for another month. You can actually adjust these things, correct . We individual more the month of october. Were also you mentioned, captain phillips. We have a select run of 50 theaters for captain phillips. For instance, thor ii comes in International Markets in october. The movie business is sort after fluid system. Because we have Digital Projection system we are able to adjust. But weve been allin on gravity for quite some time. Alfonso caron lovingly made the movie in 3d very much with imax in mind. Were not changing our strategy. We just happened to bet on the right horse. Liz imax in the past has done the space documentaries. Hubble which i saw is unbelievable. Here you are with gravity. When you saw gravity you said it outperforms your expectations. It has. Liz what was your first thought when you saw the movie . I felt i was floating with Sandra Bullock in space. It is something surreal. It is existentialal movie. It is thoughtprovoking, dreamlike, translike. I think it talks about a lot of very important issues but does so in a very entertaining way. So its a movie ive seen many times and i will see many times more. Liz lets spin it over from gravity to hunger games coming out in november. David, my coanchor couldnt be more excited. David i am. Liz he is obsessed with the hunger games. How well do you think this can do for hunger games 2 and lions gate. I think it will do exceptionally well for all of us fortunate to be a part the movie. We knew it would do well domestically. I dont think we knew how well it would do including us. It opened itself up in internationally and a true tent pole a blockbuster. So were playing hunger games all the way through thanksgiving into the early part of december. What will then have the next blockbuster, which is the new hobbit film. So the Fourth Quarter has started. Im a dodger fan. It started like the dodgers with a big bang in the playoffs. And i think were going to continue that. As we work throughout the Fourth Quarter, beginning the year, beginning this quarter so exceptionally, is quite exciting. Our Network Growth continues to grow. We actually install a lot of theaters in the Fourth Quarter. It is backloaded. So its a good time right now. Liz well, youre also bumping up against the 52week high for the imax stock which is around 30. Youre getting closer. 26 and change at this point. How important is a movie like gravity or the hobbit to do that well to your bottom line here . You know, it is important to the bottom line. I think on the stock point of view the best way of approaching it were turtles, not rabbits. Sort of like our documentary movies. Were slow and steady wins the race. Were not in something for a week. We have a portfolio of films that are about 35, 40 films in the next 12 months in the imax network. If we put all of our eggs into one basket thats a recipe for disaster. So we take the exact opposite approach. We play out our film slate. Again our film slate we feel very excited about it. Next year we have movies like transformers 4. Which michael bey should with our new 3d camera and chris nolan with a interplanetary space movie. Liz greg foster, thanks very much. Good luck at imax. Thanks, liz. David good imax. Go dodgers. Go hunger games. Behind them all. One of the most elephant apartments in new york city but it is also the former home of Bernie Madoff. So is that a plus or a minus . Does the ghost of madoff still live there . A personal tour of the ponzi kings digs coming up next. T th . 24 7. Im sorry, im just really reluctant to try new things. Really . Whats wrong with trying new things . Look mommys new vacuum cat screech you feel that in your muscles . I do. Drink water. Its a long story. Well, not having branches lets us give you great rates and service. Id like that. A new way to bank. A better way to save. Ally bank. Your money needs an ally. David well for 25 years Bernie Madoff lived in a beautiful but very elegantly understated new york apartment. That apartment is now for sale. The current owners bought it from the government for a cool 8 million in 2010. It is now back on the market for more than double that price. Is it worth it . I had a chance to take a tour of the apartment earlier today. You decide. Youre in a building that was built in 1927 by a famous architect that designed this named kevin murderchy son. The white glove precoop build something second to none. Were on substantial outdoor space. To find wraparound terrace in manhattan is very difficult to find. David how much is this going to cost me . Mere 17,250,000 asking price. How does that compare to the current owners asking price . They paid 8 million in 2010. David did they buy it from the madoffs . Did they buy it from the government . Who did they buy it from . You may recall it as auctioned off by the u. S. Government overseeing it at the time. That is when they purchased apartment. There is incredible security. There is fulltime doorman, security cameras and locked off elevator this is extremely safe. David well walk back and walk around the entire sure couple friends of the top of the apartment. As you see this is one of the most extraordinary balconies ive ever seen in manhattan this is the tip of the building, very tip top of the building. Top of the world, penthouse a. Were face east as well as south along the long expanse. We face west partial views of the park and to be able to entertain your closest 100 friends. David i imagine you could get 200 people in the top area outside . No question. They have done so. Had elaborate highend parties here. It screams entertainment. David bret, you come in from the outside, you call this is the grand room . This is great room, grand room, your living room. Frankly it is sort of an expanse of the outdoor space. You see two french doors open. Feels like extension of the living room, frankly. David amazing. These windows are original windows. They go back 80 years, right . They are. They go back with the upper level, draws a huge amount of sun you rarely need lights on. David this is cozy dining room for a guy that had hundredings of friends. It really is. This is coming off private landing and private entrance coming into the grand dining room, not only you can seat 10 but certainly seat 12 to 16 very comfortably here. David you have two doors leading out to the balcony. All the original glass doors and glass windows and palladiums . Thats right. You have two more double glass french doors that open to the eastern exposure of the apartment, which again, is the all the way around thet expands apartment. David most rich people in manhattan probably dont see the kitchen much but this is a different kind of an apartment. This is one where the owners will spend a lot of time in the kitchen because f this wonderful solarium eating space that you have. Thats right, i would agree. Its a professional chefs kitchen that is windowed and airy and can cater to the most specific chef. But at end of the day it could e family to enjoy a newspaper and cup of coffee and solarium that is pleasant to start your day. David you have this fantastic spiral staircase leading you down from the entertainment section, the upstairs to the living quarters downstairs. Bret, you have this painting, when you come downstairs. Now, take a look at this painting. I know who it really is but it looks little like Bernie Madoff, doesnt it . It is certainly a conversation piece and many do ask if it was the prior owner. But, we like to sort of use it as a dialogue opener to talk trivia. David you walk downstairs, you come right in to the master bedroom. Again, understated elegance. Very grand scale room. Certainly large enough for a california king, two nightstands. As you see a full seating area. There is again a working fireplace with some beautiful detail. The hand cut moldings throughout the space. David this goes right through to Bernie Madoffs office. Ladies and gentlemen, this is where Bernie Madoff probably cut a lot of the deals that landed him in jail. This was the infamous office and we have it of course listed as a library. Can certainly be a liar blairry. One can use it as living quarters space if they care to. David the Tall Building straight out there is where the fbi used their binoculars to train in on Bernie Madoff. Apparently they got some their evidence there. This is the actual woodwork Bernie Madoff had as well . To the best of our knowledge it was the same woodwork. It was not the touched by current owners. David hard to believe youre in a manhattan apartment. This could be a 8,000 square foot mack mansion in the bushes. Until you see the dramatic view and see youre right in the heart of it. Liz, surprisingly small. Only two master bedrooms on the bottom floor. The thing to emphasize. It is he will began and certainly is. The architect work done, is mon cello. Something Thomas Jefferson would be architect of. The question of whether madoff helps or hurts, says it doesnt matter. Real estate is more important than any individual in this town. Liz yeah. Nobody was murdered although a lot of people were hurt by what he did in there. No washer dryer there i heard. David yes, there is a washerdryer. Deep thanks to dolly lens. Her new Real Estate Firm which is fantastic is holding this property. Apparently already have a lot of offers. Very successful firm and very good friend helping us with that. Liz i know the viewers are sitting think, 17 million . I could have a tennis court and pool in california. That is what we wanted to ask you on facebook and twitter. If you had 17 mil to throw away would you buy Bernie Madoffs apartment . Would you consider that, how many square feet . David 4,000 square feet. Liz 4,000 square feet. Well read your comments next. Jump in. We went out and asked people a simple question how old is the oldest person youve known . We gave people a sticker and had them show us. We learned a lot of us have known someone whos lived well into their 90s. And thats a great thing. But even though were living longer, one thing that hasnt changed much is the official retirement age. The question is how do you make sure you have the money you need to enjoy all of these years. Lifes an adventure to when youre with her. And i. But your erectile dysfunction it could be a question of blood flow. Cialis tadalafil for daily use helps you be Ready Anytime the moments right. You can be more confident in your ability to be ready. And the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. Tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. 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I would rather invest my money elsewhere. David we had five million saying yes, five million saying no. Absolutely split. First time that ever happened. Two things to watch. Number two, the Federal Reserve release of the September Fomc minutes. 9 central bank shocked investors last month by to taper 85 billion a month on the Bond Buying Program as mr. Plosser said it should have. Liz number one thing to watch tomorrow, the standoff not going at way at least not yet. As we heard president obama and john boehner are still far apart. They had a phone conversation this morning but nogo on raising the debt ceiling. Congress has until october 17th to do it. It will be weighing heavily on the markets. Last declining minutes of trading we saw the market go down even further. Clearly they are bothered by current negotiations. Liz volatility index was above 20. Money with Melissa Francis is next. Melissa im Melissa Francis and here whats money tonight. Warren buffett is in a bind. The billionaire rolling up his sleeves to fix Benjamin Moore after the ceo of the paint giant abruptly quit. Is this about buffetts young female protege . This is all the word on wall street. We have the inside story. Plus unone week to the day your new Health Care Life began. Turns out the numbers are worse than we thought. Well tell you what the government doesnt really want to you know. Who made money today . He took a beating on his pet project but the sun is shining on his wallet. You think you know who it is . Well let you find out. Even when the