Dagen i was surprised to find out the knee is the bestselling tablet. Connell the issues price and has always been. We will charge more than anybody else and can they keep doing that . Did make the issue is whether the large ipad or the minivans the pillsbury doughboy and fall for the larger ipad. Date just being helpful. Dagen stocks held higher by the jobs report. The Unemployment Rate did fall but it is what they will do, Nicole Petallides at stock exchange. Nicole good morning. We are looking at a market that is up 63 points, 16,456 as we got in the monthly jobs report. Is true. We look to the fed and the fed less likely to begin capering and we will see janet yellen coming on board weather they do it at all. We are seeing markets with an up arrow, the dallas up 1 2 , looks like the s p 500, the ticket in nasdaq squeezing a gain of 2 , shares of delta hitting new highss after a strong Earnings Report doing well with quarterly profits, increasing to help the long, not only at home in the u. S. But in europe and had helped boost revenue and u. S. Seeing stock up 40 and hitting a new high today. Dagen we talk every day about these glitches that plagued the Obamacare Exchanges, some questioning of the individual mandate requiring americans to Purchase Health insurance may be facing a delayed. The mac has the white house ruled out a delay . Rich edson can tell us. He is live with more. We have a delayed. If you can sign up for health care as been delayed. The white house implied in a way that if you dont have access to health care and signing up that perhaps you wouldnt be subject to that fine but we are waiting for more on the administration, they still say it is early and we wonder if administratively theyre going to delay the individual mandate. Bad news for health care providers, hospitals want more paying customers, Health Insurers want more customers and if you dont have that individual mandate to get younger, healthier people picking those premiums one analyst says that unravel the loss. They want to get robust risk pool, they want to get everybody to sign of, they need Young Healthy people, the premiums spike more dramatically the following year. Delaying the mandate is a problem that sends a signal that to people who might not be inclined to sign up for coverage they dont need to borrow this year. The administration delayed the employer mandate, still waiting to see if they would delay the individual mandate. There are those in congress, marco rubio from florida, republican who wants to delay the individual mandate into the Accountability Office can certify six months after the web site is actually working and another republican senator, Lamar Alexander will introduce a bill requiring weekly reports on the Obamacare Exchanges as political pressure continues and exchanges online and not working well. Dagen real quick, before you get find you have to own insurance based on the law as an individual by the end of march next year . Yes. There are what is known as hy cit exemptions, a dozen of them. The administration alluded to this yesterday. They would not say this but if you cant get insurance under the law if that qualifies as a hardship you cant get insurance and the wont give you a penalty and it is not enforceable would come out of the penalty you have to the would come out of any tax refund you would be getting so the government wont take money from you. The mac thank you for the coverage. Rich edson in washington and joining us is republican senator and Fox News Contributor scott brown. Great to see you. We can talk about how the web site, the exchange websites were not designed properly. People knew in advance that would be problems, they were not tested properly but at the end of the day we need to look ahead and figure out how to fix them. We need to look behind a little bit. Week the 400 million. Imagine if apple or facebook or google send out a program for this to their public. It would put them out of ways put an out of business. Dagen apple launched that max program which was then a disaster and a rare lambasted and certainly vostok suffered and are suppose the administration is suffering in a different way. Suffering and rightly so. The federal government is too big to get out of its own way sometimes. You have people who knew and should have conveyed up the chain of command to the president and staffs saying this isnt ready. We need to delay, it would have saved a lot of embarrassment so they knew they could of full blood and said were going to delay a month and actually fixed it but the question is how much it will cost to fix it. The individual mandate issue, we all know it is a mess. We know people like getting termination notices for their present health care. I voted against it three four times. Not good for massachusetts, very few benefits for the rest of the country and not sure when the president and his team will say we need to step back and reevaluate and fix the things that are wrong. Dagen do you believe the individual mandate will be delayed . The employer mandate already pushed off and many calls, if youre going to do for companies you do for individuals and do you think that is now in the cards . It has to be. You cant even sign up properly. It is ms, it is embarrassing not only for the administration but frustrating for individuals especially young people who sometimes like to get in and do their thing and move along. They moved on and on to the next project. It is a problem. We know all of the special things that people in unions and other groups of gotten, we know about the delay in the employer mandate and it should be delayed and we need to reevaluate and move forward and find ways to sell these problems together. Dagen scott brown, good to see you, thank you so much. Is not going away, you are welcome back anytime. Connell 148,000 jobs added in september. A report came out this morning, could have been delayed by the shutdown. It was short by wall street expectations. The expectation was 180,000. Ahead of this many economists are saying of the fed needs to see an average of 170,000 a month to begin thinking about stopping the money flow into the economy and right now after the Labor Department report that barkleys pushed back expectations for taser during as it is known to march of next year so that number, maybe it is even higher. Some would say it is up by 200. Fred lane is vicechairman of Investment Banking at Raymond James launching a market which we will talk about in a moment showing us from boston so good to see you. What do you make of the jobs report this morning . What is the message view in this that you took away from it in terms of when the fed moves janet yellen coming in and Everything Else . There are no surprises, i dont think we are hearing all the great news, quote, but we have are very high unemployment figure by any standard and i think there are lots of reasons for that and theyre dragging our economy and m a activity and the only reason there got dragging equity markets is quite candidly the equity markets are driven by other structural factors. Where else do you put your money but u. S. Equities . By historical standards, were not ridiculously overvalued. No surprise in the jobs market, i wish to there were. I wish to was more positive, we have a lot of positive news to report. Connell is inevitable that scenario or this situation we have continues or is there something that might change it . Lets take your area of expertise, mergers and acquisitions. Will more companies, lowinterest rate for the foreseeable future, what is the outlook for m a activity . All right world, has to pull back and let the private sector do its thing is. When we look at the conversation in washington it is pretty divisive. Democrats talking about we need to maintain transfer payments and maintain Food Stamp Program and all the rest of it and by the way that is a plus to gdp. Republicans dont like to hear that. Republicans like the lets lower taxes and all the evidence suggests that drives job growth and by the way lowering taxes held gdp. Both sides of the aisle are arguing ideology at the expense of the american people. Connell are articulating compromise. Does the factor look like that will happen . Tangible effect in your view and business in terms of companies talking to each other, getting to better with just a lot of noise . The perfect form of factors to drive an m a activity is available to us. M a activity is trending upwards but a lot of is defense of consolidation. The communications sector, mining and minerals consolidation and energy consolidations, the Healthcare Industry will remain a growth industry nonetheless. I really believe there is a hidden demand out there for lots of m a activity. Companies have huge Balance Sheet cash reserves, barring rates are low by any standard, the cost of capital is low. We should have a more bourgeoning m a market, more robust and a market and the reason we dont is because of the uncertainty around the economy and the Global Economy but in the United States uncertainty about how washington would get rid of its logjam and i think compromises have to be found. Connell you said it, people get so frustrated, off the top of your head you said how we could get a compromise. Why cant they figured out . Fred lane, Raymond James, thank you very much. Dagen we are going to look at the top cities in the world for the number of big businesses that are headquartered there. Which ones are in the United States . Connell we will find out coming. Some hints may be. A big winner after the Government Shutdown according to Charles Payne and charles is coming in to tell us why. Dagen the big apple announcement today, the new ipad, the new mini. Is this what the Company Needs right now . I need a lighter. I will pay. You can save that. Its a growing trend in business do more with less with ss energy. Hp is help. Soon, the worlds most intelligent servers, designed by hp, will give ups over twice the performance, using forty percent less energy. Multiply that across over a thousand locations, and theyll provide the same benefit to the environment as over 60,000 trees. Thats a trend we can all get behind. Peace of mind is important when so we provide it services you bucan 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. 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. 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 benefits in 1 super fiber. Connell that list of cities we promised, Dagen Mcdowell is excited about that. We will be unveiling of that. Kohls meanwhile joining the black theres a party. Did you know there was a pretty, Opening Stores for the first time on thanksgiving. Nicole petallides rejoins us. Nicole this is about thanksgiving shopping, before or after your turkey or when it is still showing, you may run over to these retailers, they are now going to open on thanksgiving day, kohls joining macys and j. C. Penney saying they are going to open their doors on thanksgiving at 8 00 p. M. Macys and the owner of bloomingdales, another one, all three of the stocks are trading to the upside, calls up 1 2 , bank raising them to the price target of 50, it is above that price target yesterday, that seems moot. What is interesting is j. C. Penney actually hit new lows once again. Over 30 year low, holding on to the stock, some higher highs rg fancial times, quote, the bottom line operating margin in china is not any higher than what we see in the u. S. He went on downplaying the report saying the issue right now does not warrant me spending a special trip to china. The comments coming day after the news surfaced that a mediumsize law say cost 27 you on in china or 4 for u. S. You compare that to 3. 20 in chicago, 4 in london as you look at differences in other cities. There you go. The starbucks story and a followup from the company. That is what they are saying. If it is too much dont buy it. Dagen bob balance during the Government Shutdown Charles Payne is here to tell you about it. Connell then more on the apple announcement coming up later today, pat expected, we will have challenges apple is facing. Coming. World currencies carry against the dollar in case you want to buy stocks lost a one of the citys. 23 minutes past the hour your fox news minute. It is not know what prompted yesterdays shooting rampage at a sparks have animals will. He injured two class a tentacle life of an eighth grade math teacher before turning the gun on himself. The michael the teacher, Michael Lance research two tours in afghanistan. Those Navigation Systems that have you get to your destination can also help find those Traffic Cameras used to control speed and red light enforcement. That technology is being built in to some new car systems and safety organizations say having the information can be turned traffic violations and help find a way around the cameras. The new york giants are no longer with less. Quarterback eli manning who threw the touchdown and when the entire game without an interception, giants defense clamped down on minnesota leading to a 237 win. The giants are 16 and those are your News Headlines on the Fox Business Network. Dagen mcdowell and Connell Mcshane are upset about the vikings. Connell the giants were do. Not one. Dagen the vikings, this will make you feel better, the giants still connell nothing to write home about. Thank you. Dagen lets make some money with Charles Payne. Could be a big winner thanks to this shutdown and the fight over the debt ceiling. Connell it went away. We havent talked about it in a while. Charles a couple months ago website called silk grove was huge and the feds took them down, what the heck, this has gone away. Yesterday they had the secondbest close ever and it was the result of the government shut down but not in the way was spun in washington. When all was said and done what we do . Raise the debt ceiling, still have my was government spending, the Federal Reserve spending out like crazy, all the things that made people weary in the first place of the u. S. Dollar and other currencies around the world. All of a sudden truth, justice and freedom which is the motto of the big world has made this remarkable, look at that, this remarkable rebound. Connell you are into this . Charles i am in to the concept, the idea that maybe fiat currency ultimately does fail, maybe there is something to the ideas that the reserve currency right now by default, big chinese article week ago that talked about all of our faults. They were selling their own book. They would love to see their currency be the w but half of what they said was true. I dont see any way we are going to stop this, the fed Balance Sheet, people talk about capering and all that stuff the new normal might be 3 trillion on the fed Balance Sheet. That is going to go north of 20 trillion. The Balance Sheet dagen what get the big coin chart, the previous spike, another article comes out charles at that is the worst thing that ever happened. Maybe it will work out well but when you say the name on want to go short too. Connell bet against them. Charles something to keep in mind. 1 billion, big corn right now but it is something of a barometer if you will about what we are doing wrong with our currency. Connell thank you. Charles better get on a plane and go to china. Playing with fire. Connell dont make the Chinese People in angry. Charles are you kidding me . Godown there and dropped 0. 20 off a price. Connell the other big thing, apples announcement still to come early this afternoon, new ipad, knew many possibilities, microsoft and samsung trying to steal the thunder coming. Dagen a christmas miracle. Leonardo dicaprio, dont worry your pretty little head. He will be in the running for an oscar. Best flick coming out around san the time. Charles three hours.  . . [kevin] paul and i have been friends. [paul] well. Forever. [kevin] hes the one person who loves pizza more than i do. Aul] were obsessed. [kevin] we decided to make our obsession our livelihood. [kevin] business was really good. [kevin] then our sauce supplier told me you got to get quickbooks. [kevin]quickbooks manages money, tracks sales and expenses. [paul] we even use it to accept credit cards. [paul] somebody buys a pie with a credit card, boom, all the accounts update. [paul] when we started hiring,we turned on payroll. [kevin] its like our pizza. You add the toppings you want, leave off the ones you dont. [kevin] now business is in really great shape. [announcer] start using Intuit Quickbooks for free at quickbooksdotcom. Connell here is what is still coming up for you. We have the apple story. Apple expected to roll out a new ipad. We will look at some bumps in the road, potentially. After the bumper, we have corn crop farmers picking up on their second job. The farmers are moonlighting. Jeff flock will tell us what they are up to. Dagen lets talk about some netflix. Our own Nicole Petallides is on the New York Stock Exchange. Nicole it has been really exciting to watch netflix. This stock is up over 300 this year. Right now, the stock is lower. That is because of a recent downgrade. The good part is the stock hit a new alltime high. The numbers were great. Their profit quadrupled. They have surpassed hbo and showtime subscribers. They have earned emmys for their programs. They are working with cable prescribers now. They, obviously, are expecting a lot of concern. That is why you have seen them go into alltime highs into negative territory now. Connell apple. Under two hours now. They are expected to release their latest lineup of ipad. Rob anderle joins us now with his preview. Lets start with the ipad mini. The question here is price. Last year, it was not the best product. The kindle comes out around 200 some change. It has better technology. The nexus seven, same thing. They make money on the product. Apple stays with what is really a market changing event here. They are not structured to ride this particular ways. Connell so, there is nothing that could be announced today that closes that gap . They could improve the quality. The problem is it will continue to be 100 or more than the competing products. They are between a rock and a hard place. If they maintain margins, they do not sell as many. They do not have an easy way out of this unless they can find a Revenue Source like amazon has to fund the products. Adjusting to amazons model would be incredibly painful. Amazon is driving this specifically. Google has kind of thrown a Monkey Wrench in here. Connell we had some bar graphs up. It showed that apple is still doing pretty well. Obviously, that includes the large ipad. How big of a problem is this ipad mini issue . Is it a huge problem for the company . Is it one that can be overcome . Is apple in big trouble or is it just kind of a bump in the road type thing . Apple trades not on doing well, they trade on doing incredibly well. As the iphone started to cycle out, they came out with the ipad. And then the ipad mini came out. The market did not cycle. The dominance in that particular area remained with the other vendors. That is where it showcased an apple weakness that we had not seen before. They drove the market during those cycles. Connell not a comfortable position. We will see what the answers are from apples point of view, i guess, later today. Thank you very much. My pleasure. Dagen more on todays jobs report coming up. Connell leonardo the caprio home in time for the holidays. Dagen head of security at one point. Connell if bo dietl is and it, i am there. Dagen second job, selling seed. [ male announcer ] need help keeping your digestive balance in sync . Try align. Its the number one ge recommended probiotic that helps maintain digestive balance. Stay in the groove with align. Tdd 18003452550 life inspires your trading. Tdd 18003452550 where others see fads. Tdd 18003452550. You see opportunities. Tdd 18003452550 at schwab, were here to help tdd 18003452550 turn inspiration into action. Tdd 18003452550 we have intuitive platforms tdd 18003452550 to help you discover whats trending. Tdd 18003452550 and seasoned market experts to help sharpen your instincts. Tdd 18003452550 so you can take charge tdd 18003452550 of your trading. I am lori rothman with your fox business brief. Construction spending increased. The Commerce Department reports it was helped by whole buildings. No kia introducing six new devices. That includes its first ever tablet. Hedge fund third point revealed it is also taking a stake. Economist at barclays said they now expect fed tapering to begin in march of 24 team. A september jobs number was below estimates. That is the latest from the Fox Business Network. Giving you the power to prosper. Bny mellon combines Investment Management investment servicing, giving us unique insights which help us attract the industrys brightest minds who create powerful strategies for a countrys investments which are used to build new schools to build more bright minds. Invested in the world. Bny mellon. Losing thrusters. I need more power. Give me more power [ mainframe ] located. Ge deepsea fuel technology. A 50,000pound, ingeniously wired machine that optimizes raw data to help safely discover and maximize resources in extreme conditions. Our Current Situation seems rather extreme. Why cant we maximize our. Ready. Brilliant. Lets get out of here. Warp speed. Connell more jobs talk now. For the month of september, some disappointing numbers. Dagen peter barnes is in washington, d. C. To break it all down for us. Peter the numbers coming in less than expect it. The Unemployment Rate falling to 7. 2 . There is a lot of rounding stuff going on in there. Does this change the game for the fed . Maybe, maybe not. The fed has said it is really concerned about the fiscal battles here in washington and their impact on the economy. Take a listen to this. Unfortunately, some of the things that the government has done is getting in the way of job creation. Rather than helping job creation with investments, infrastructure, tax reform. Peter let take a look at which sectors added jobs in september. A bunch of temps, construction had a nice pop, retail, government, warehousing. Dagen lets take a look at the ten year treasury. It is down almost 2. 5 . It is good to see you, jean. The yield falls, the price goes up. Would you be a buyer of treasuries here . We would not be a buyer of long dated treasuries here. I think investors need to think about where they get their duration from. This jobs report definitely throws a wrench into how the policy discussion has been going up the fed. Late last year they type it to the Unemployment Rate. Late last year they tied it to the Unemployment Rate has been pretty consistently perhaps they are moving towards the socalled participation gap. Thats it that about the lows it has been since 1978. We are not necessarily afraid of taking risk here. Dagen smooth transition. Talk about the appetite for fixed income. Do you still see it . Do you see more of a willingness among individual investors to own fixed income versus equities may be . Absolutely. The fed, fiscal policy and fluent. We have seen that in our products as investors have become much more comfortable. They have seen some stabilization. The fed is on hold for at least some period of time. Dagen thank you. Great insight. Please come back. Thank you. Dagen take care. Connell nicole was talking about netflix. This is an interesting stat. More people visited yahoo s website overall fan google in the last three months. Though yahoo shares are up 70 this year. I think relative to google, there is only one direction that yahoo can go and that is up. It is a lot more attractive to buy a stock that is double digits versus four digits. There is a lot more upside with a lot less downside risk. Connell right. Marissa mayer made changes. You like what you see there, in other words. Well, look, again, there is only one way to go. Fairly beaten up. Again, you look at a company like microsoft. It is so big. Google is under a lot more different stuff. It makes it interesting. Google is into content with you to. It is not even a david and goliath story. It is two different companies. From an investment standpoint, i think that yahoo is a lot more attractive. Connell talking valuation. Jason weisberg, thank you very much. Dagen the waltz of wall street will not be delayed until next year. The Los Angeles Times is reporting that the film will be released on Christmas Day qualifying for this years oscars. The film stars leonardo dicaprio. It was originally scheduled for release in november. They are still working on the flick. Its running time was about three hours. They have to cut it down in size. Cannot wait for it. Based on a true story. Bo dietl is and it. Connell obviously, we will go see it for that reason. We talked about this. Sometimes you just need to leave a little bit to the imagination. You always have to explain it to us. We will go see it. That is the bottom line. Would you, meantime, go on a date for a tank of gas . The new app that lets users pride their way to scoring a first date. This is a true story coming up. Dagen take a look at some winners today. Not in commodities. They are on the nasdaq. Its a growing trend in business do more with less with ss energy. Hp is help. Soon, the worlds most intelligent servers, designed by hp, will give ups over twice the performance, using forty percent less energy. Multiply that across over a thousand locations, and theyll provide the same benefit to the environment as over 60,000 trees. Thats a trend we can all get behind. [ bell ringing, applause ] five tech stocks with more than a 10 . Change in aftermarket trading. All the tech stocks with a market cap. Of at least 50 billion. Are up on the day. 12 lowvolume stocks. Breaking into 52week highs. Six upcoming earnings plays. That recently gapped up. [ male announcer ] now the world is your trading floor. Get realtime market scanning wherever you are with the mobile trader app. From td ameritrade. Connell we are actually back with big news for corn farmers. The best corn harvest ever. Dagen jeff flock is in manhattan illinois with more on this. Jeff it will be an incredible corn harvest. A farmer out here in manhattan this is not one of your best fields. Show me that youre right there. That is what happens when we do not get rained for six or seven months in the summer time. Jeff take a look at prices. Look at what corn has done. If you do not have a great crop, you have these prices down. A year ago we had worn at 720740 a bushel. Jeff i want to take you to the food versus fuel debate. We should be relaxing. We should not be making ethanol out of this core. What are they saying today . I think that they are a lot more relaxed about that. We can raise our fuel here in this country. Why dont we use more ethanol. Jeff corn at four dollars a bushel is a lot easier. We always appreciate your insight. That whole food fuel thing, at this point, ethanol makes a lot of sense. I tell you, around four dollars a bushel, it gets much lower than that, you start to not get your moneys worth out of a field. Dagen jeff, i love seeing you in the field. I am being literal. Thank you. A new dating app allows this. The bribes on the site include everything from a tank of gas, Plastic Surgery or even some cold hard cash. There is no better way to get a first aid. There is only one way of manipulation. The founder is an mit grad. Connell of course. Dagen how many boyfriends have given their girlfriend a new chest . A lot. Connell that was not the way i was planning on ending the show today. Dagen at the gift that keeps on giving. Connell speaking of websites that are out there and questions, more information coming out about the obamacare site. The warnings that there may have been before the whole thing launched. What they should have known and what they did not do about it. Dagen just read the wall street journal. Apple expected to announce a new line of ipads. No fiat and microsoft are also making news with their tablets. Not their shortterm agenda. [ woman ] if you have the nerve to believe that cookie cutters should be for cookies, not your investment strategy. If you believe in the sheer brilliance of a simple explanation. 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Sometimes they just drop in. Always obvious. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. Five somebody should be held accountable. Millions of americans next year will be punished by the irs if they do not by health insurance. The way they are supposed to buy it is not working and that is not fair. Cheryl marco rubio calling for a delay. I am cheryl casone, here with dennis kneale. We have new details for you during this hour. The much anticipated tuesday jobs report disappointing. A third of the worlds most Successful Companies are located in just 20 cities. The top five locations where big businesses live coming up. All of this and more on markets now. Dennis welcome back, cheryl. Cheryl thank you. It only took them three weeks to get us a jobs report. I think we do not know the full story. Dennis dow is up. Way below expectations. Lets go to stocks now as we do every 15 minutes. Nicole petallides and phil flynn. Nicole good afternoon. The Dow Jones Industrials are up right now. Up 67 points. The s p 500 also posting a game. The nasdaq has hit new highs that we have not seen since 2000. We got in our monthly jobs report. It was due out on october 4. We sell 148,000 jobs added. Also, we have seen a lot of names on the move to the upside. We are focusing on apple because of the new ipad. Netflix at new highs. We are seeing names like radioshack and coach coming under some pressure. That is the lineup for today. We certainly have a busy day on wall phil flynn, what is going on in chicago . Can use a queue ese forever . That is what it feels like down here. They will only get worse after the Government Shutdown. Take a look at gold. This is a market that has been out of favor for some time. It is because of the weak dollar and this perception that we will seek you eat for some time. Our other big story today is gasoline. Big u. S. Oil production is surging. Demand is falling. We are in a new era of lower gasoline prices. Enjoy it. Back to you. Dennis thank you. Cheryl the number of jobs created still coming in way below expectations for the month of september. Gentlemen, thank you for joining me. Not enough jobs created in september. Well off that 200,000 mark. Typically october is better than september, as far as job growth is concerned. I do not know if we should prepare for something worse. We have seen deceleration over the last four months. We have gone through a series of these cycles. You hold your breath and wonder, will we pull out of it again. That is a primary concern right now. Cheryl another concern that i found, it is the fact that you have job losses in the restaurant sector, in the financial sector. It has been a strength month after month this year. Now that is falling to the wayside. I think that Consumer Spending will be pretty good. I think you see a lot of parttime employment. Parttime employment went down and fulltime employment went up. Maybe some of those parttime workers now have fulltime jobs. Average Household Net Worth is better. Unemployment is better than it was a year ago. I think the consumer is in better shape now. Cheryl i want to stay on this consumer theme. I was looking at Hourly Earnings. It is up a little more than 2 on the year. That is still a very low level. To only have Hourly Earnings of 2 does not seem like a good bank. It is not a good thing. We have never gone this far into a recovery before and had this a little over 2 . It is just an indication that we have a lot of surplus labor sloshing around. If i could just make one more comment about what you are talking about earlier in that we had a decline in jobs and food services, earlier in the year was rather muscular. Some of that may have been anticipation of enforcing of the aca. The employment mandate has now been delayed until 2015. Restaurants were hiring more parttime help so that they could limit the number of hours that parttimers worked so they did not have two make the 30 hour cut off for the mandate. It does not surprise me that there is a slowdown on the hiring. Cheryl now if they could just get the exchange is up and running, we would have a better picture. Are you banking on more qe . Well, i think, with this stubborn employment number and janet yellen coming into office in january, i think we will have qe well into next year and well into 2015. Cheryl what do you mean . They will have to pull back at some point. I believe that they will pull back. I believe we will have bond buying throughout 2014. Cheryl they are well off of that 6. 5 rate. Do you think they will have to wait until about point . I think they will balance between the 6. 5 rate. I think they will look at the strength of the entire economy. They will balance those three. Cheryl i cannot wait to see what janet yellen does. We are going to be hearing from apple. I know that you like the stock right now. I know that you own it. Your family owns it. I think apple is in good shape going into this christmas and holiday selling season. I think they will have a new ipad. There are rumors that there may be a new bigscreen tv. I think apple is set up for a very good selling season. I think the stock is cheap in a market that is very hungry right now. Cheryl thank you. My pleasure. Cheryl thank you very much. I will have an interview in the 3 00 p. M. Eastern hour. It will be with, perez. That will be about 3 10 p. M. Eastern time today. Dennis what is bugging me . Obamacare. President obama is in major denial right now. He says obamacare is not just a website. Think, god. The feds had three years to get this right. Did they rely on help from the insurers . No. They feared leaks and subpoenas from republicans. The fed did this on their own. A sign of the arrogance of government. If we cannot get this basic starting point right, it is a clear sign it will be a debacle and a nightmare. Tweet us. Your comments are coming up. Cheryl october 1 was the rollout. Do you think that they should have delayed it . Should they have waited . Dennis given how controversial the program was, they could not dare hold it back. Three years was time enough to get this right. Now they have a technology surge. Cheryl Lessons Learned from nasdaqs botched facebook ipo. We have the details coming up. Dennis a third of the worlds most Successful Companies are located in just 20 cities. That is coming up next. Meanwhile, take a look at energy prices. [ horn honks ] [ male announcer ] once in a while, everything falls into perfect harmony. [ engine revs ] and you find yourself in exactly the right place at the right time. Just be sure youre in the right car when it happens. The 2014 cclass sports sedan. Power, performance and style in total alignment. See your authorized mercedesbenz dealer for exceptional offers through mercedesbenz financial services. Cheryl you have a couple names rising higher right now. You have pfizer. You can see United Health group. I do want to show you something else. This is big news in the Retail Sector there. Jcpenney giving us a stake in Martha Stewarts company. They will be selling Martha Stewarts products. All of those are nonmacys categories. I want to show you over the last week the charts. Nicole petallides is watching a few things. Nicole these ones are not doing as well. We are looking at radioshack and coach. Radioshack down 23 . Coach down 7. 5 . Two names in the retail realm under some serious pressure. Radioshack came out with its quarterly numbers. Coach, now they have posted a smaller than expected quarterly revenue. They continue to face intense competition from michael kors and kate spade. Cheryl thank you. Dennis striking new reports show that one third of the Worlds Largest companies are based in just 20 cities around the world. These are companies that have more than 1 billion a year. Paris. 168 billion. Japan. 174. London takes the bronze. Titans. New york, new york is number two. Number one is tokyo, japan. 613 large companies. Cheryl it is back. The fox business allstar showdown. We are down to the final two. The best of the best. The showdown winner only gets the title and the bragging rights of this shiny trophy. The final showdown and here. Dennis it will be really fun to watch. Cheryl game faces. Dennis the New York Stock Exchange is making a list and checking it twice. Making sure the twitter ipo runs much more smoothly than facebook did on the nasdaq. Cheryl why it could take a lot longer to get the exchange is running at full speed. We will be right back. [kevin] paul and i have been friends. [paul] well. Forever. [kevin] hes the one person who loves pizza more than i do. Aul] were obsessed. [kevin] we decided to make our obsession our livelihood. [kevin] business was really supplier told me r sauce you got to get quickbooks. [kevin]quickbooks manages money, tracks sales and expenses. [paul] we even use it to accept credit cards. [paul] somebody buys a pie with a credit card, boom, all the accounts update. [paul] when we started hiring,we turned on payroll. [kevin] its like our pizza. You add the toppings you want, leave off the ones you dont. [kevin] now business is in really great shape. [announcer] start using Intuit Quickbooks for free at quickbooksdotcom. And this park is the inside of your body. See, the special psyllium fir in metamucil actually gels to trap some carbs to help maintain healthy blood sugar levels. Metamucil. 3 amazing benefits in 1 super fiber. Metamucil. Welcome back to fox business. Officials in china have closed schools, airports and highways. The smog has caused serious traffic jams and reduced visibility in some places to just a few yards. The university of miami Football Team will lose nine scholarships in the mens Fastball Team will lose three under ncaa sanctions. The new york giants have won their first game of the season. Eli manning threw for one touchdown and had no interceptions in the 23seven win against the vikings. That is your fox news minute. Dennis thank you very much. The nyse is running a bunch of test ahead of the twitter ipo. We have the president and founder of quarter trading. How do you think the New York Stock Exchange will do . I think that new york is positioned very well. The nasdaq did not really test when they rolled out facebook i think the main differentiator was the nasdaq put in three different changes. Here you have a robust test scripts that will go into affect. Most of the firms, it is not mandatory, it is optional, if you will, but most will be testing with the twitter ipo. Dennis i love to point out that the nasdaq is not really a place for that. Are humans going to make the key difference here as to why the ipo would do that . I think it is more of a technology issue. They have experienced dealing with a lot of big issues. Twitter, by all accounts, 65 million shares. They want to raise a billion dollars. I would guess it will be 15 price range. It is big in terms of retail awareness and what social media brings to it. Dennis you were saying that there was hope that this facebook ipo would finally bring individual investors back into the market. What do you think about the twitter ipo getting individuals excited . I think it has the catalyst to bring retail back into the market. A single stock cannot really do that. It can serve as an opening gateway for more stocks. Dennis how much of the facebook debacle was because, oh, my gosh, i cannot make a trade and there is a glitch on the exchange . A lots of it had to do with the process it self. It was being sold by dealers around. When they did not know if the positions were, a lot of those firms ended up short. Monday morning comes out, those firms are now selling. Stocks lower. That creates more pandemonium on the downside. Dennis it had gone up 20 bucks a share. I feel like if you are a facebook insider, you did just fine. Thank you very much. Cheryl did developers know the problems at the Healthcare Exchange before it was ever rolled out . Why it may have been better to delay. Dennis is it too much too soon for this online darling . Lets take a look at some of todays s p winners. 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. Evaluate them with our p l calculator. And execute faster with our more intuitive trade ticket. Im greg stevens, and i helped create fidelitys options platform. 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There could be risk to the gross billings. That is not good news to hear that. As a result dropping big time triggering the short sale over at the nasdaq. In the meantime groupon up 100 this year. A little pullback, wont discourage the ones who love groupon. The dow up 42 points. Back to you. Dennis thank you very much, nicole. Obamacare woes suggest problems with the Online Health exchanges are massive requiring maybe 5 million lines of new code to be rewritten and the latest example of government failure to roll out the viable technology. Lets bring in street Credit Software ceo. Great to see you. Thank you for coming in. Lets start with the obamacare website itself. This is very difficult stuff. Dozens of Insurance Companies with a compatible system and you are not an expert at ecommerce sites but you have to make it work together. Is it understandable there are glitches . It is a complete debacle, it is an outrage. People on both sides of this are realizing just how bad this was in it is not about the code itself, it is about the entire process. Bringing in cgi and the fleet of contractors. Even in the coding community. Dennis why do you say substandard . Yesterday i look at the president talking about ringing in the a team. What team did we have before . That is a reasonable question to ask. You would think with something as important as this they would think maybe can you send over the good guys . Dennis i read in one of the blogs on this, one reason the white house was reluctant to bring in good ecommerce guys, people who have done this before, they did not want leaks, the did not want republicans to subpoena the contractors. So they stuck largely with their own inhouse team creating a problem. Why not hire them to do this for you . I have heard and navy of contractors coming in. The real issue is when you let Technology Driver company, you get really, really bad technology. Healthcare. Gov is really awful technology. You need to start with the users. Check it out and see how much this would cost. By that judgment alone this is an abductive, objective failure. Dennis we need 7 Million People to sign up and get on the program in the First Six Months because they start funding the government program. If we dont get that, there is a slide down. Normally when you have to fix a glitch like this, they really have no idea how bad this problem is, they dont know when they will be able to fix it, do they . The answer to that is no. The people coming in right now to take a look at this are those people looking at things like user experience, open data, getting things that can actually work. This isnt rocket science. I understand it cost as much as building rockets, but it doesnt have to be rocket science. Dennis was a government arrogance to think they could reinvent the wheel and do a better job than private business . I dont know if it is arrogance as it is underestimating the size and complexity of what we need to get done. Trying to get people information quickly and easily and help them switch it easily. Something is hot but thats health care you have to provide a user experience, and i think that was overestimated. Dennis they consistently are having to rip out multimillion dollar projects that utterly failed. Draw parallel between this one for Government Technology gone awry and the florida prison break in which a couple of murderers got out, just with falsified documents. What is the connection here . Actually, that prison break the best part of that prison break was the way the u. S. Marshals task force came in and clean things up quickly, got people into jail where they began. Now they can talk policy and not tragedy, right . The problem was not about systems, it was about it. Basic, asic it. The confidentiality, the way people log into that so you know the right people are getting in, integrity. We have no way of known in. The information to see this made any sense given the context of what we knew about these two murderers. Dennis we can blame stuff on technology but isnt it often the culprit the real wrong point actually humans . Shouldnt a guy make a phone call to double check . Making a phone call and double checking aside from the barack rizzi to do that for every person who gets out of prison. Costing 150 per day to keep somebody in jail and prison. If youre trying to make a phone call manually, that is just a nightmare process. The way we fix this, the way be fix healthcare. Gov is to open standards. Dennis sounds like the ultimate contradiction because you said have to have security, but also open data. It is hard to do all those things. With talk about security in terms of who is on the system, but every piece of data in jail and the court system is by definition public. Trying to lock it down, look at how well that worked in florida. The navys destroyers, on budget, alltime running analytics powered data center bringing amazon. Com is open standards, open technology. Dennis appreciate you being here. Speak to the uncertainty washington taken a toll on Consumer Spending. Having retailers worried over the crucial Holiday Shopping season. Dennis apple looking to announce a new line of ipads within the hour. On a day with no kia and iker soft making this with their tablets. E heck were they thinkig scheduling on an apple day. Next. And look at the 10year treasuries. [ 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. Help the gulf when we made recover and learn the gulf, bp from what happened so we could be a better, safer energy company. I can tell you safety is at the heart of everything we do. Weve added cuttingedge technology, like a new deepwater well cap and a stateoftheart monitoring center, whe experts watch over all drilling activity twentyfourseven. And were sharing what weve learned, so we can all produce energy more safely. Our commitment has never been stronger. Ido more with less with buss energy. Hp is help. Soon, the worlds most intelligent servers, designed by hp, will give ups over twice the performance, using forty percent less energy. Multiply that across over a thousand locations, and theyll provide the same benefit to the environment as over 60,000 trees. Thats a trend we can all get behind. I am jo ling kent with your fox business brief. Hang onto people who did not actually qualified for them. Fresh investigator found proper payments lead to 20 of those who earned income tax credit. Intended for the poor working families. Construction spending increased by six tenths of 1 in august compared to 1. 4 gain in july. The commerce apartment reports it was helped by homes gains. Thirdquarter earnings rose yearoveryear on strength in atlanta, new york and london market. The worlds second largest carryback traffic recorded a profit of 1. 37 billion up from 1 billion a year ago. That is the latest in the Fox Business Network giving you the power to prosper. Cheryl after a 16 day Government Shutdown, 72 of americans say theyre holding back on spending. Mentally the data from bank rate. This i thought was so interesting because it flies in the face of what many retail analysts are coming on television saying. It is a great retail season, everybody will be spending. You are sending exec opposites. Are you surprised by how the spending was . It just all kind of comes together at one point, not only yes they are cutting back on their spending and here is why, but also the fact they feel a lot less secure in their jobs and a couple of months ago. Cheryl those that are 50 and older say their financial portfolios are worse. Which surprises me when you have the dow and the s p up doubledigit for the year. Ages 5064, they have consistently not just this month, but consistently the lowest feelings of job security. Saying the job situation has deteriorated. A lot of them are particularly susceptible to longterm unemployment and a lot of portfolios ravaged in 2008 and did not anticipate in the park e rebound because they panic and sold. This month it was across the board. There were no exceptions. That was a sharp turnaround from what we had seen as recently as september. We chalked it up to the effects of the Government Shutdown. Cheryl let me ask you this. Obviously looked at rejected spending patterns. As we are coming into the holiday season, this is christmas, new years, thanksgiving all combined. Only 27 of those surveyed said they would be holding back spending. Everyone else the most part says not only will they hold back spending, but they will be spending less than they did last year. A couple of things. I think what we have is more than just a Holiday Shopping issue in thi in the sense peoplt have a lot of extra money to shop around. We have an economy stuck in first gear. If people will spend money one time, it will be Holiday Shopping season. The real issue is once we get to january or february, we get this whole circus all over again with the government budget, how much is that wing on confidence, how much is that to the economy considering consumers already are treading water in being able to keep up with it . Cheryl this goes in line with the Consumer Sentiment data. They really are going handinhand. They say it will take months to figure out what the shutdown did to the u. S. Economy and gdp to everything. We shall see. At least you got a snapshot for us today. It is great to see you. Tank you, cheryl. Appreciate it. Dennis we are less than an hour away from the new apple ipad. Reviewing the latest and the rumor mill is in overdrive. Robert gray is in San Francisco with what we can expect. Robert. Robert we are expecting folks to start going inside any minute now. They are lined up, journalist, tech fans and the like looking to see what will be unveiled. We are expecting new ipad to highlight the event, but other things might be on tap as well. The larger format and the ipad mini. The new operating system release date and price for that, and maybe something new on apple tv as well. Dont know if we will hear about that or not. The fifth generation ipad five if you will, a slightly thinner shape, the screen will remain the same 9. 7 inches. Better camera involved, different colors similar to what you saw with the iphone 5c. A processor upgrade, that is expected in the bigger one as well, twice as fast. Operating twice as quickly as the prior model data. A lot of Processing Power in your hands. Higher resolution display may come to the mini. Different colors as well. A lot of people are looking at the ipad, the really large pink. They introduced the ipad mini for the first time and the iphone four. It has trickled down a little bit. Yearoveryear you did not have the new ipad up against new ipad. It is not necessarily apples to apples. But one thing to consider is these mini ipads still cost a lot despite the goods in there, they cannot charge as much as a fallen profit margin and apple competes with itself because there are older models with lower prices. That is a something i did not have to worry about a couple of years ago when they basically created this format. Back to you. Dennis it is too expensive. Thank you very much, robert gray. Media minute time period netflix is soaring, but is he getting ahead of a self . Popping up 11 after earnings tripled on 22 revenue growth. Giving up the gains fallen today after a couple of downgrades from wall street analyst down 5 . But the stock is up more than fivefold in just one year. It is now valued at over 400 times annual earnings. In the past quarter, u. S. Subscribers are up 4 . Overseas customers up 10 . But the stock is up 46 in the same area. How long can the trees grow to the sky . The headings are in. The Prime Minister of the United Kingdom criticizing a facebook move to lift a ban imposed on a video showing a womans beheading and murder in mexico. Facebook decided to allow the gruesome video to be posted because people were condemning it. It is really wrong, yet facebook bans videos of a mother nursing her baby and sunbathing naked on the beach. Even if his advisor tells sky news they should rethink their policy. And this just in, a judge delaying the sale of the boston globe to john henry, owner of the boston red sox. The judge ordered the issue worry that the sales to prevent the paper boys from collecting settlement against the court. Cheryl San Franciscos bart union drama is coming to an end. We will have the full update. The last bart coming up on our west coast minute. Dennis a sign of far worse to come, your responses to what is bugging me ahead. But a look at some of the winners on the nasdaq. Cheryl time for your west coast minute. It is finally over. Nicole officials and Union Leaders struck a deal for new contract late last night. The contract ended this last strike which ran for three days, 22 hours. They will get a 12 total raisin medical and pension payments will go up slightly. It has been a long sixmonth fight. Caesars entertainment ending the las vegas partnership. The overnight split was a shock too many investors and entertainment analysts, but not to worry. A boutique complex on the Las Vegas Strip is going to go forward. 185 room complex scheduled to open in april. Finally, a surfer in hawaii fought back against a shark over the weekend and he won. He was surfing on the north shore of hawaii when he saw something large approach as he was sitting on his board. He pulled up his legs just in time and started pummeling the shark. He is fine. His surfboard is not so fine. That is your west coast minute. Dennis are the obamacare website glitch is a sign of more things to come . Heres what some of you had to say. The Health Care Act will cause private insurance competition to go out of business eventually. And then we will be at mercy of the state. Jones says this is just the tip of the old iceberg. Some 600 million later and nothing but problems. Mike kelley says yes it is a very bad sign. The aca may turn out to be the most expensive government boondoggle in americas history. President obama owns it. Finally my pal at the New York Post makes a point. Corporate websites never fail . Then again corporate websites dont have two have you use them by law. It is all about apple. Rumored new ipad and ipad mini be enough to fend off the growing competition in the tablet market . Dennis apples and share in market is down 14 yea yearoveryear in the fiscal third quarter. Adam and lori has a coverage next hour on fox business. Cheryl four minutes. [ male announcer ] it is more than just a new car. More than a new interior lighting system. It is more than a hot stone massage. And more than your favorite scent infused into the cabin. It is a completely new era of innovation. And the highest expression of mercedesbenz. Introducing the 2014 sclass. The best or nothing. Try align. Its the number one ge recommended probiotic that helps maintain digestive balance. Stay in the groove with align. Lori extreme makeover. The ipad edition be it i am lori rothman. Adam and i am adam shapiro. Apple moments away from showing its new version of the standard ipad and ipad mini. Also to entice holiday shoppers. Lori we will show you what apple needs to do to impress in an increasingly competitive market. Adam dont forget it is jobs tuesday and the delayed implement report shows slow job growth. In 140,000 jobs in september, far fewer than the 180,000 jobs added in august. Lori here with us at the top of the hour of how certain they should be with the jobs come in from demand for truck drivers. Bureaucrats and salespeople. Adam first we want to see how the market is doing. We will head to the floor of the New York Stock Exchange. Nicole, i saw ups hit a 52week high today. Maybe that has reversed. Nicole will watch a lot of the names related to the transportation index. We are going to talk about the bigger picture, looking at the dow, nasdaq and the s p. Some of the tech names have turned negative today while the dow Still Holding onto a gain of