Transcripts For FBC Varney Company 20131015

Arrived. Another production deal for netflix, its a true media star. Apple gets a new leader for its retail division, she comes ove from burberry. And zombies beat baseball. Yes, we follow the money on varney company. Here we go. Thank you orville and wilbur. Amelia. Neil and buzz for teaching us that you cant create the future. By clinging to t past. And with that youre histo. Instd of looking behind. Deltis looking beyond. 80 thousand of us ininvesting billions. In everything from the best e. To the finest comforts above. Were not simply saluting history. Werre making it. The markets seem to think a deal is coming. Welllopen 10, 15 points lower, but opening from 15,300. Lets go to peter barnes in washington. All right, i want your opinion if you dont mind expressing it. Will there be a deal and if so, when do we get it . I have an escape hatch for that one, stuart. Its in 37 minutes from now or so, we will find out if we have a deal. Speaker john boehner will emerge at 10 00 from a meeting with the House Republicans. Theyre kind of critical to this because the deal has been being negotiated over there, s some provisions and, but obviously, boehner is an important player at the who has not been at the table and wants to may not want to go to the table. So were waiting on boehner and the House Republicans to give us their two cents. 10 00 well find out yes or no, well be there. Thank you, appreciate it. Theres a lot of other news making headlines this morning and here we go. First off, there was a technical error on food stamp debit cards and youre looking at loaded shopping carts of people who could buy anything they wanted on the food stamp card. Here is the question, is that stealing . Some of these folks had ten, 12 shopping carts loaded up to the top. Well ask the judge, is it stealing . And a train wreck called obamacare, look at the Washington Post appeared to be turning on this new law. Look at the headllnes, theyre talking about implosion and the struggles only just beginning. Thats the Washington Post. And the latest victim of the shutdown, the white house garden. Apparently squirrels are now running rampant eating all of the first ladys tomatoes. Weve got more on that. Serious stuff, straight to d. C. , a republican senator on the deal. What did the republicans win . And look at this, please. 16yearold goes fishing in texas, heads to the shore, a storm approaches. Lightning strikes a few feet glad wasnt me. A close call indeed. Its a gwing trend in business do more with less with less energy. Hp is lp. Soon, the worlds most intelligent servers, designed by hp, will give ups over twice the perrmance, soon, the worlds most using forty percent less energy. Multiply that across over a thousand locations, antheyll provide the same benefit to the environment as over 60,0 trees multiply that across over a thousand locations, thats a trend we can all get behind. 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 erything we do. Weve added cuttingedge technology, like a n 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. And this park is the inside of your body. See, the special psyllium fi in metamucil actually gels to trap some carbs to help mainin healthy ood sugar levels. Metamucil. 3 amazing benefits in 1 super fiber. We can build this dream together. Nothings gonna stop us now im not sure about that song. Dont know whether it fits or not. Maybe an exaggeration, but seems like nothings going to stop this market from going up. Maybe a dip at the open today, but you know, overall, this thing just wants to go up. We said this yesterday, looks like theres going to be a deal in d. C. Come on in from chicago. Scott shellady. All right, scott, you want to take me on . My basic premise is this market wants to go up. Tell me im wrong. I cant tell you wrong. The only thing that would keep it from going up woull be the legislators in washington d. C. When a deal is struck its going higher. The nuclear option, if theyve got obamacare and default to worry about, theres a deal, stock market goes higher. Stuart we dont default and go past the wednesday night deadline. We dont default until we stop paying interest on the debt. Lets be clear, scott. Lets be more clear, i think we ran out of money 17 trillion dollars ago. Were not going to default and thats would drive the market down. Thats not going to happen. Well reach an agreement and the stock market will grind higher because the economy wont do as much, and taper. Stuart yellen keeps printing and obama keeps spending and the treasury keeps borrowing. Thats what weve got. Look at the opening bell. It has already finished ringing and the dow is down 14 points. There was a negative reading on empire state, thats a the new york region. Theyre manufacturing sector, a very poor report, thats helping the stock market lose a couple of points. Disappointing earnings, another disappointment for the overall market, but look, were only down 11 points, thats it. Weve got the burberry chief leaving and head up apples retail division. Angela aaron is going to step down the middle of next year, does that put apple at the 500 point . Nicole it doesnt yet. This is good news because theyve been waiting for a great retail chief to come on. Someone to come in and replace ron johnson and he stepped down and now, miss arends has come with a great reputation and known as a tur around specialist and certainly has numbers and sales to prove it so theres high hopes of the 53yearold woman coming into apple to turn things around in this retail position. Stuart by the way, nicole, in stock and salary last year, she at burberry made 26. 3 million and shes leaving, and she must have been induced with some sizable inducement to go over to apple, but shes taken the job. 498 on apple as we speak. Well be back to that shortly. Here is ed butowsky and sandra smith. Investigators investors saw a deal coming and it looks like d. C. , might be a deal, probably is going to be a deal and the market looks like it wants to go up. Start with you, sandra. Thats my premise. This market wants to go up. What do you say . Well, the stock market might be taking a bit of a breather this morning. When we did open to the down side a few seconds ago, but if you look at gold prices right now theyre hitting threemonth lows. If there was a huge trade going on you Better Believe youd see buying in gold. Not to mention the u. S. Dollar is higher this morning. There are many indications in the market that a deal will get done. Looking at the yield on the 10 shall year when there was real fear in the marketplace, top 3 , stuart this morning its at just 2. 7 . So, yes, the market is saying a deal will get done. Stuart okay. Ed butowsky, what do you say, you can test my premise. The market basically wants to go up . Absolutely, in complete agreement. The market will go up, but im advising my clients and everybody, sell into the strength. The market is looking at 2014 earnings and the world has slowed down. Stock moves six to nine months ahead of earnings and economic data. Stocks moved up in anticipation of a strong Global Economy and thats not happening. Were seeing weakness. Start selling. Imus this as you see strength. Im advising all of my clients to do so. Stuart weve got a weakness this morning. Were not agreeing with my premise. The dow average is down 50 points because of a negative reading on manufacturing in the northeast ann poor earnings from citigroup. Got three names, names which you know, and theyre moving. As we said, disappointing numbers from citigroup, less money coming in, the stock is down 1 . Not much. 49 bucks on citi. The walking dead the season premier. It drew 16 million viewers, a record for the series and it easily beat sunday nights playoff baseball game. Amc puts out the dream the walking dead stuff. And theyre up again, 67 per share and theyre laughing at me because i said the walking dead stuff. Couldnt remember the name for a moment. Content is king. Nobody knows that better than netflix, hot on the heels of the house of cards success. Its ended into another production deal with a major Hollywood Studio and netflix ordered a psychological thriller series from sony and the creator of fx legal series damages. Netflix down 323, 322 on netflix right now. Its an emerging media stock clearly. Lets go to the senate and the proposed deal. Thats what everybody is talking about. And the senator roger winter, republican from mississippi joins us now. Senator, did you, as a republican, the Republican Party in the senate, do you think that you won on the issue of spending in the sense that the sequester cuts stay in place foo the time being . If that is indeed the case, that would be an accomplishment, let me say, stuart, i am eager to attend a 1 11 00 meeting this morning that was postponed from yesterday to actually hear the details. Im at a bit of a loss, i know the house of representatives is meeting now. The republicans in their own conference and here are the details from the speaker, even as we speak. Stuart so you dont have the details yet. Theyre going to be outlined to you at 11 00 eastern this morning. But thats exactly right. Stuart do you feel that there is real momentum here, momentum towards getting a deal in the senate . Do you feel that . It seems to me, this is a timeout. It seems that the leaders have agreed to a threemonth timeout on the continuing resolution and a fourmonth timeout on the debt ceiling. Now, that gives people who are willing to negotiate a good faith and opportuniiy to actually come up with some meaningful restructuring of our mandatory spending programs but it appears that its nothing more than a threeand four month delay. Stuart do you have any confidence in three and four months time, when we kick this down the road. Do you have any confidence so, perhaps weve learned a better lesson, but were going to have to have some leadership from the white house on making democrats comfortable with structural changes that slow the growth rate of spending. And we need to come back to the 17 trillion dollar public debt. Its unsustainable and we need everyone to come to grips with the fact that theyre going to have to be longterm changes, not that affect our current retirees, but that affect people in their 20s and 30s and if we could structure these changes so that in the longterm we could give our next gennration an opportunity to have the same quality of life weve had, but its come down to that. Stuart it sure has. As you say, sir, hope springs eternal, does it not . Senator, thank you very much, indeed. Thank you very much. Ssuart and checking the big board, largely because of a poor manufacturing report out of the northeast and poor earnings from citigroup. Well, Congress Goes back and forth over a debt deal. Investigators and banks have dumped billions of dollars worth of treasuries. Sandra, do you first. What does that mean . Whats the implications for this for investors . Well, it means that j. P. It could be that the regulators are making them do this, making them to reduce risk andy possible. Ed, what do you say . Why are the banks dumping shortterm treasuries . For exactly what sandra said. Its really not anything significant. Theyre just moving the maturities out because if in fact we didnt come to a debt agreement and raise the debt ceiling those would actually default. Theyre taking a little precaution and the regulators might have said something, realistically, were not going to default on the debt. Maybe for Public Relations purposes, i have no idea, but its completely insignificant because theyre only moving it out one month. Stuart okay, insignificant, we appreciate that. Ive got a stock check for you, i know how you like good news on microsoft, i like it. Jeffries says buy the stock, okay, Everybody Knows i own some microsoft, whats going on here . We know how much Stuart Varney likes the good news on microsoft. And jefferson raising the targets here, buy from hold, price targets up to 42 and this is why. Higher margins are expected from the sales of the windows operating system. A growing revenue theyre expecting and also the fact that with the android operating system of google, that microsoft stands to benefit from some patent agreements there. So, good news, good news, good news, upgrades, good for you. Okay. Nicole, thanks indeed. I was momentarily distracted there. Ive got news on the house g. O. P. , the House Republicans, theyve got their own debt plan. It includes having the administration and members of ccngress get into obamacare. So, no exclusion for the administration and for congress from obamacare. Income verification, you want to get on these exchanges and you want a subsidy, youve got to verify your income, thats what the House Republicans want. What was that, a two year two year suspension of the medical device tax. Sunday the government until january of next year, and the debt limit goes until february the 7th. Okay. Now, wrap that up together and what youve got is the House Republicans plan for the debt. Its in contrast to the Senate Version of coming up with a fix for the debt and the budget, but it is the House Republicans plan. Its just breaking now. Well get some further details for you and well give them to you as available, but the house is coming up with its own plan. President obama playing the blame game, calling the g. O. P. Obstructionists. Question. Will the tea party accept a deal . Weve got a Tea Party Leader for you after this break. I hear you knocking, but you cant come in i heer you knocking, go back where you been announcer where can an investor be a name and not a number . Scotade. Ron i never alone with scottrade. I can always cl or stop my local fice. Theyre neby and readyo help. So when i have questions, i can talk to someone who knows exactly how i tre. Because i dont trade likeevery. I trade like me. Thats why im with scottrade. Announcer ranked highest in Investor Satisfaction withelfdicted services by j. D. Power and assiates. Peace of mind is important when so we provide it services you bucan rely on. With centurylink as your trusted it partner, muilayered Security Solutions keep your information safean secure and responsive dicated support meets your needsand eases your mind. Centurink. Your link to whats next. Sometimes they just drop in. Always obvious. Cme group can help you navigate risks and capture opportunities. We enablyou to reach Global Markets and drive forward with brder possibilities. Cme group how the world advances. This is breaking now and its important. House republicans have their own deal and well hear from Speaker Boehner in the next hour. And what the House Republicans are proposing. They want a twoyear suspension of the medical device tax. Thats not unreasonable. They want obamacare to cover members of congress and white house people, not unreasonable. And they want Income Verification for those people who go on the exchanges and want a subsidy. We just want to say, whats your income and prove it. None of this sounds like a very big deal. None of it sounds like a huge sticking point. Thats to me, lets bring in becky garrettson, Tea Party Founder and president thereof and shes here today. You heard those details and im saying thats not an unreasonable series of demands from House Republicans, thats not extreme at all. Whats your reading . I agree, its not extreme at all and i would go so much farther. I dont think a oneyear delay is unreasonable, especially as we see obamacare, the reality of it coming on in a Computer Program appears they were written by kindergartenees. Millions of people are receiving notices that their insurance is dropping them or their employers are no longer going to hold their insurance. We need a oneyear delay and i think that is completely reasonable. Stuart so you think that the republican demand as ive just laid out here, which these are demands which are going to be put to the allHouse Republicans, literally, as we speak. You dont think they go far enough. You want more. You wouldnt go with this proposal . And here is what needs to be added to that. Not only do congress and the president pay to for their insurance, there should be no exemptions for anyone. No unions, big business. We are a government of the people, by the people and for the people. We should be top dog and if we dont get exemptions, no one else should get exemptions, pperiod. Stuart okay, but then therefore, youre saying that the Tea Party People, like yourself, in the house of representatives, probably would not go for this deal because it doesnt go far enough. I know you cant speak for members of congress who are just hearing, i understand that entirely. Correct. Stuart you dont think theyll go for it, Tea Party People . Well, i dont know. You know, trying to get the whole tea party is like herding cats. This is my view, but i think i have a good concensus and it doesnt go far enough. It does not protect the american people. Stuart but it wouldnt be a deal and it would take the heat off the tea party because you would be seen as agreeable, as amenable to settlement . I think its important to stand on principle and it doesnt matter what you look like, but it is important to stand on principle. Stuart okay, becky, look, im sorry to spring this on you, but this news is literally breaking as we went on the air with you. Im glad you could beyond as you did. Youre putting the tea party from your point of view from and we appreciate youre here with us. Thank you. Stuart youre an honored guest on this program. We loved you before. An honor to be here. Stuart we loved you before congress. Well never let anybody forget that. Thank you. Stuart let me give you the gold report. Where are we . With all of this talk of deal and no deal and terms and not terms. Were down two bucks on the price of gold. Thats not a huge retreat, by the way. Its not a big rally either. 1275 is the price of gold right now. Next, obamacare imploding, collapsing. My take on what that means for the country and the president. Thats coming up next. And another excuse . Of course, from miss pelosi. But we have to pass the bill so that you can find out what is in it away from the fog of the controversy. Is it exceptional . Wait until you hear what the today show says makes us better than europe. Their answers will make you anger, new at 10 00. Olympic gold medallist redefining herself. Going to business and business school. Its a success story, her transition is going well. The headlines shout right at you, dont they . Shutdown, debt crisis, debt, government paralysis. Weve got all of that. I think were being diverted from something far more important. Here is my take on obamaaare. It is imploding. It is collapsing. Dont put this on the back burner. Whats happening to our Health Care System will have a far greater impact on all of us than squabbles among politicians now. First, look at whats happening at obamacare is rolling out. The enrollment system is indeed imploding. It is collapsing on itself. Weve already seen systemic computer failure. Then, look at the cost. The Chicago Tribune looked at 22 plans offered in illinois. 21 had annual deductables of more than 4,000 for individuals, 8,000 for families, plus, big copays. Would you sign up for that . It takes a minimum of 7 Million People signed up and paying up in full to be financially viable. And that doesnt look likely now, does it . Its not going to happen. The president and his top advisor, Valerie Garrett are ignoring this and pressing ahead regardless. Think with that means . Endless fraud. You dont have to verify your income. Endless subsidies, massive expansion of free health care. A hardpressed middle class that has to pay more and more and a governmentrun Health System that resembles a giant dmv. This is what the president wants, ultimately, a single pair nationallized Health System. America reshaped in a leftist european style image, thats whats at stake here. This is arguably far more important than disputes over spending and borrowing once youve got obamacare, you cannot get rid of it and we will all be worse off. Do not ignore this. Get paid to do something you really le, what would you do . [ woman ] id be a writer. [ man ] id be a baker. [ woman ] i waa be a pie maker. [ man ] i wanna be a pilot. [ woman ] id be an architect. What if i told you someone could pay you and what if that person were you . When you think abo it, isnt that wharetirement should be, paying ourselves to do what we love . Trusyour instincts toto make the call. 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Stuart moment from now john boehner well update us. We are waiting for that. We will take you there live in the moment now. Here is bret baier. I characterized this as fairly mild. What is your take . Good morning. The house wants to extend the resolution to january 15. It wants to extend the debt ceiling until february 11. It wants to take away the subsidies for administration and Congressional Staff on obamacare. The Budget Committee. They would have to come together and a Budget Committee and iron out the longterm budget by december 15. Stuart that does not seem to meet to be a radical plan. Is it such a big deal . It does not seem like this is unattainable territory. No. It does not seem unattainable. They will say it is just like a Company Providing healthcare for its workers. That is how they will push back. I do thhnk that the medical device tax, if they did not put it that if they did not negotiate a deal right now, it would be ironed out in a conference because 70 plus senators voted to appeal the medical device tax. Stuart do you think that this plan would get through the house . It would surely get a lot of democrat votes definitely. You are seeing these sweeteners, if you will, being put in for twoparty types. I think, you know, overall, this is an exit ramp for Speaker Boehner. Is it a win for the gop . No. Not at all. Could they be in a better position . Maybe. The democrats really want to take away the sequester. That is their ultimate goal. In order to do that, republicans will want to see some things on the republican ledger. Stuart i just want to move onto some quick headlines headline from the Washington Post on obamacare. Number one, obamacare struggles mainly only beginning. Number two, obamacare implosion is worse than you think. Number three, will someone get fired from obamacare . This is becoming mainstream media. They are watching and reporting. That seems a little unusual to me. Latenight tv is starting to glom onto obamacare also. You have seen john stuart and all kinds of comedians weigh in. When that starts to happen, you know you have gotten into the public consciousness of people that do not watch news. This is a big, big deal. When mr. Gibbs comes out and says it is an excruciating embarrassment and that somebody should be fired, that is a really big deal. One that i do not think will go away anytime soon. Stuart senator harry reid has just said that he is confident that a deal will be reached this week. He just said that. It does sound promising. Washington works in strange ways. We just have to wait and see if everything goes as they believe it will go. There are still a lot of hurdles. Stuart thank you very much. Lets go to nicole. Back to the markets. Fedex. Nicole very high. It is close to 120. Authorizing a repurchase program. Their Balance Sheets with all the cash and it allows them to do exactly this. They, of course, go on to say it reaffirms their confidence in the companys strategy. Stuart thank you very much. Let me bring in david asman. The theme of the program is, this market just wants to go up. Today no matter how hard the president tries to talk it down. Stuart today we have senator harry reid confident that they will reach a deal by the end of the week. Premise of the show, this market just wants to go up. The president wants more power than he has. Even though, as you say, it is very mild concerning obamacare. It is still contradicting what the president says he wants. Apparently, harry reid is spending a little bit. You may see a market go down even further. Again, no matter how much the president tries throwing into this market, the market still seems to be holding its own. Stuart 15,000 to 65 as we speak. Next case, has the senate worked on a deal to end the stalemate . A food pantry in washington. Listen to this. We stand a good chance of default. We have a potentially devastating affect on our economy. Stuart not to be outdone. When you start acting like this, you have a problem. I love you dear, but, you know, i am shutting down your entire government. I love you, dear, but, i am going to default and you will be week. Stuart fortunately, david asman is still with us and offers some comments to what we just heard. The more the country is panicking, the more control they can take. Republicans did the same thing. Though more panic there was, the more authority they took. The issue of default, when the president continues to say default, it has a specific meaning. It is not paying on folders the month that you owe them. Companies like argentina have gone that way. You cannot borrow more money. It is not on the table. Markets know that. That is why they are holding up. Stuart the dow is only down 22 points as we speak. A very mild plan emerging from the republicans in the house. Markets know what default is and they do not see it or smell it. Stuart a foodstamp credit card, a foodstamp debit card glitch. It set off a frenzy at a walmart in louisiana. People loaded up their shopping carts after they sought there was no limit on their debit card. Is that stealing . Thh judge is next. [ 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 wherer you are with the mobile trader app. From td ameriade. Ido more with less with busless energy. With the mobile trader app. Hp is helping ups do just that. Soon, the worlds most inteigent servers, designed by hp, will give ups over twice the performance, using forty percent less energy. Multiply that acss over a thousand locations, and theyll provide the same benefit to the envirment as over 60,000 tre. Thats a trend we can all get bend. Try align. Its the number one ge recommended probiotic that helps maintain digestive balance. Stay in the grooveith align. Stuart i have some news on the scheduling of meetings in washington did the 11 00 oclock meeting has been delayed. Speaker boehner is about to appear. We do not know exactly when. He will outline the plan that House Republicans have come up with. We will take you there when he begins to speak. Let me outline for you from what we know is the house plan. Very mild, indeed. The republicans are not asking for that much. A twoyear suspension of the medical device tax. That is it. Obamacare covers member of ccngress and their staffs and the white house and staff. That is not very extreme. We outlined this a moment ago. It does not seem like a terribly radical series of demand. The most nervous man in america has to be the man we are waiting to hear from. That is john boehner. He has to rely on votes of democrats. He may not be the speaker of the house of representatives come thanksgiving. He does not have that job for a term. He has that job for as long as they want him to have that job. If they feel that he has betrayed their values congressman john boohner, not speaker john boehner. Stuart this is the plan that caved. Yes. There is no significant reduction in spending. Without any guaranteed reduction in spending, they will just make this worse. At some point the irs will come by and say i want your income. I want all of it. Stuart that is a flight of fancy and you know it. They have an extension of the sequester cuts. Good point. Two that i credit mitch oconnell. The substrate is not a reduction in spending. Spending continues to go up. Forgive me for interrupting, the spending has calmed down dramatically since the sequester. Correct and there are lies a. You can make anything look good. Stuart it was an englishman who said that. I thought it was mark twain. [laughter] i think you are right. Stuart i am going to be googled and proven wrong. [laughter] stuart while we have you here, i want to digress to an interesting story. There was a frenzy at several louisiana Walmart Stores. There was a foodstamp glitch. It gave them unlimited balances. Shoppers stripped the shelves bare. The state says it will not pay for the mistake. Walmart says they stand by the decision to let families take advantage of it. Walmart will take the loss and the spending spree will not have any affect on walmarts bottom line. Those people who knew they did not have the money to pay for the food still took the food anyway. Is that stealing . Unquestionably it is. If you open up your bank account and you see a triple zero mistake, you cannot go out and spend it. These people are obligated to know what the limits of their Spending Authority is. It is unfortunate that they will not have to pay it back. Stuart that assumes that the walmart checkout person said you know you are over your limit. No. They know they are given x hundred dollars a month on food stamps. If suddenly the limit is not there, that is government incompetence. To take advantage of that is plain oldfashioned ordinary theft and they should be most americans take advantage of the government incompetence. Yes, but to steal from the government because the government is not looking, because the government made a mistake in your account cannot be praiseworthy. It is obviously against the law. Because it happened at such a large scale and because it is the government fall, there will be no restitution. Stuart i accept your apologies. [laughter] stuart a little cadenza to the walmart story. This glitch was fixed. The people standing in line with their shopping carts loaded up, they got to the front of the line in the clerk with that you only have 0. 49 left in your account. If you walk out without food, you will be arrested. Everybody left the food and shopping carts all loaded in place and walked out. Can you be arrested for stealing food . Yes. Stuart in california, you cannot. There is an argument if you are starving to death, you are right to that dude is greater. You could make that argument. It is not an immunity. Stuart are we still waiting for Speaker Boehner . Did we get a twominute warning or something . No, we did not. Are we going to go to break . Lets do that. He will know when he makes this statement whether or not what he is about to propose will pass. Stuart you will be our body language guide. [laughter] stuart all right, everybody. Break time. Back in a moment. En we made our commitment to the gulf, bp had two big goals help the gulf recover and learn from what happened so we could bebe en we made our commitment to the gulf, bp haener company. Ls i can tell you safety is at the heart of evething we do. Weve added cuttingedge technology, like a new deepwater well cap and a stateoftheart monitoring center, whe experts watch over all drilling lactivity twentyfoursev. Cap and were sharing what we learned, so we can all produce energy more safely. Our commitment has never been stronger. Stuart it must have been some kind of intense meeting inside of the house of representatives caucus. Speaker boehner was supposed to be out 25 minutes ago. When he does show up, you will see it live. Then we have the today show on nbc. They decided to take up the topic of american exceptionalism. We do a very good job. There are some fantastic rts and cheeses. What else does america do better . Pickup trucks. I was going to say burgers and hot dogs. They copy us. They may have invented pizza, i feel like we have perfect did it. Stuart i do not think that you should make a joke about that kind of thing. I will ask everyone around our table what they think is truly exceptional about the United States of america. First, sandra, in chicago. Sandra i am still insulted by the conversation that i just heard. How about our military. Our healthcare in this country. I thought that was embarrassing. By the way, wisconsin, they make some pretty good cheese. I will leave it at that. Nicole when i am listening to that conversation, the first thing i think about is how fragmented europe really is. When you think about the european union, how many times you think some countries do not even want to be a part of the gear. It is not even like the United States. We are one. This is a country that will not back down. I would start with a very simple book here, the declaration of independence in the constitution of the United States. We see how important it is. No one is above the law could in europe, you do not have people buying their way out of trouble. That is something worth fighting for. That is something worth dying for. Stuart i would personally suggest a gun owning economy. Another topic for you. A headline in the new york times. Women in the senate are helping to reach a compromise. Among them, susan collins. There is a Record Number of women in the senate. I put it to sandra and nicole. Sandra we have covered some of these recent researches that did conclude that women are better multitaskers, better decisionmakers. I think it is very important to have been very actively involved in politics. Stuart senator barbara boxer. Absolutely. I think that we need more of it. I always want women to get there on their own merit. Stuart no qualcomm women in the senate. Nicole absolutely. It is so easy to find statistics to support womens ability to compromise. I am all for guys, ibm. Since the 1970s, you have seen the role of women in congress. They have a great ability to compromise and make it traders. Stuart i am all for guys. Direct quote from Nicole Petallides did. Nancy pelosi. You have people that are lousy compromisers on the female side as well. I think you are right. The two the market is waiting. We have been waiting for Speaker Boehner. Olympic gold medalist, gymnast, a winner on the balance beam and in the Business World she is reinventing herself successfully. She is joining us right now. Sometimes they just drop in. Always obvious. Cme group can help you navigate risks and capture opportunities. Wenable you reach Global Markets and dre forward with broader possibilities. Cme group how the world advances. Se the special psyllm fiber in metamucil actually gels. And that gelling hes to lower some cholesterol. Metacil. 3 amazing benefits in 1 super fiber. He to we aae still waiting for Speaker Boehner to appear and outline the plan and mouse. We have the broad outlines of the plan already. We are waiting to hear it directly from the speaker. The dow right now is down 29 points. Mark where the dow is when Speaker Boehner begins to speak. There may well be some market reacted to what he has to say. Our next guest has five olympic medals. Nine world medals under her belt. Female athlete of the year. Individual sportswoman of the year. She is all of 23 years old. She is with us right now. Welcome to the program. Thank you for having me. Stuart you are attempting to reenter yourself at the age of 23 years. What are you doing . That is the cool thing about sports. I started gymnastics when i was about two or three years old. I never knew it would bring me here today. I did it because i loved it and i found the passion in the sport. I set these dreams and goals for myself. I wanted to be just ike them. That is what my goals were. Competing in beijing, representing team usa and the biggest stage of all of sports, you are kind left thinking, what now . Standing there listening to the National Anthem with a gold medal around my neck was the greatest thing. The next day, it was kind of like what now. That is all that i do. It was really difficult kind f turn that page. Stuart are you getting into business . I am. I moved to new york in january. I grew up in dallas. It is a big change. I think it is necessary to turn that page. I think some people do it later than others. You are rying to hold onto the fame of being an olympian. I feel like that success will stuart you use your name and business . You are an olympic gold medal winner . I did work for 20 years of my life to achieve that name. At the same time, i will not rely on it. I just got into commentating for the olympics. That is something that i enjoy doing. It is also important for me to set these new dreams and goals for myself to inspire kids and the next generation. They are our future. I think, i now have a competition. It is for young and upcoming gymnast. I have had to clothing lines. I also have my own line. You are right. I have stayed involved in sports as of right now. I think as i getting older, i started school. Sports will always be a part of my life, but i am trying to venture a little bit. Stuart your parents parents are from russia. Probably 21 years ago. They picked up. They did not speak any english. They just moved over to this country to open up this gem. Stuart 20 years later, today like it here . They love it here. Stuart do you speak russian . I do. This country had given us so many amazing opportunities. I truly believe if we were not here, we would not be as successful. Stuart one last financial question. Can you still make money out of your gold medal . I can. I do not have a realfive job right now. I think that is the thing. Just trying to stay involved in the sport and the Olympic Movement as a whole because it has given me so many amazing opportunities. Stuart thank you so much for joining us. Appreciate it. Netflix scores and other exclusive tv show. The walking dead drakes records with ratings. Entertain changed for good. Thank you orville and wilbur. Amelia. Neil and buzz by clinging to the past. And with that youre history. Instead of looking behind. Delta is looking beyond. 80 thousand of us vestg billions. In everything om the best experiences below. To the finest comforts above. Were not simply saluting history. Were making it. Theyre the days to take care of businesse. When possibilities become reality. With centurylink as your trusted busipartner, our visionary cloud infrasucre and Global Broadband network free you to focus on what matters. With Custom Communications solutions and responsive, dedicated support, we constantly evolve to meet your need every day of the week. Centurylink your link to whats next. Stuart a 7. 2 earthquake. Centuryold churches crumbled. Ninetythree people dead. More than 100 injured. Blackberry trying to calm its customers. They are publishing an open letter today with the central message you can count on blackberry. Apple has tapped burr barry. Tim cook. As the way we get our entertainment, has it changed for good . We are still waiting for mr. John boehner. Stuart there is nothing unusual going on here. Normally, Speaker Boehner is very much on time. He was due to address the nation at 10 00 oclock. Fortyfive minutes late. We are still waiting for Speaker Boehner to outline his plan. Quickly to the markets. Microsoft is a big winner. Nicole that is right. Jefferies raised their price target up to 42. They think that they see faster growth, higher margin, great pat it for android systems. It certainly seems very positive. Stuart 42 is carmen territory. Stuart no joke. [laughter] you will never retire. Stuart more original content coming from netflix. I will say, netflix is the great new power in media. Am i going too far . I do not think you are going too far. Users will turn to netflix over the other options. Stuart what else do they have . 2013 has been the year of original netflix content. House of cards, we saw that walk away with boatloads of nominations. Netflix is really competing. Stuart am i going too far, this is the way we get our entertainment that. It sounds like an extraordinary statement. Everyone will turn to the media that has their favorite shows. Netflix has to be your choice right now. That is the only place you will be getting those shows. Likewise, amazon prime, that will begin offering its own original content. They have the distribution . They do. They are Still Holding their ground. They are still making money. Stuart i have to ask you about walking dead. Indeed baseball in the tv ratings. 16 Million People watched the first episode. 11 million watched the baseball game. That was a great game. The walking dead beat americas pastime. Tell me about it. I think baseball had a hard on sunday. I think it is football beating baseball on sunday rather than the walking dead. They did have a block buster premier. It really not the breaking bad finale which only had about 10 million. Stuart what am i missing . Not it will pass. I will hope you are right. I have never caught the zombie bow. Maybe i have missed something as well. Stuart the stock is at 67 a share. You think i am missing something. You know, it may be me also. It must be us missing. Stuart come see us again. Zombies are real. Vampires are not. By the way, i am not gain. Stuart what is the difference between a zombie and a vampire . Vampires each human and zombies come back from the dead. They are bbth attractive on television these days. Stuart thank you. The latest victim. Squirrels have overrun the first ladies tomato patch. We are on it. Second. With fidelitys guaranteed onesecond trade execution, we route your order to up to 75 Market Centers to look for the st possible price maybe even better than you expected. Its all parof our goal to execute your trade in one second. Im derrick ch of fidelity investnts. Our onesecond tde execution is one more innovative reason serious investors are choosing fidelity. Now get 200 free trades when you open an account. Do more with less withn buless energy. Is helping ups do just that. Soon, the worlds mo teigent servers, designed by , will give ups over twice the performance, using forty percent less energy. Muiply 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. Help the gulf when we made recover and learn the gulf, bp om what happened so we could a better, safer energy company. I can tell you safety is at the heart of everything we do. Weve added cuttingedge technolo, and a stateoftartmonitoring s like a new deepwater wl cap watch over all drilling acvity twentyfourseven. And wereharing what weve learned, so we can all produce energy more safely. Our commitmentas never been stronger. Lou coming up on lou dobbs tonight at 7 00 p. M. Eastern, winnerr and losers with the potential deal to reopen the government. epublican policy Committee Chairman joins us tonight. 7 00 p. M. Eastern. Stuart this is the latest victim of the government shutdown. The white house garden. The white house grounds crew is only allowed to water the garden. Squirrels are running wild eating the first ladies tomatoes. David, first of all cant one of the first workers just go to the store and buy some peppermint spray . Tip of the day, by the way, spray some peppermint spray on them. It gets rid of them. We have done it in cape cod many times. Peppermint spray. You cannot get one of those workers to buy peppermint spray . Stuart thank you, david. Tip of the day, indeed. If you do not spend the money you budgeted in government, you do not budget as much for the next year. You lose money unless you spend it. No one would say that Veterans Affairs are nonessential work. It just shows any government agency, even if they are doing something for the overall good, can get into these crazy spending habits. Stuart we are still waiting for Speaker Boehner. If he does not appear, we have my new dog. What should be his name . We will bring you the running favorites in just a moment. There he is. You make a great tea its been that way since e day you met. Buyour erectile dysfunction itld be a question blood flow. Cialis tadalafil for daily use helps you be Ready Anytime the moments right. 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If y have busine 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 legzoom. We have had a lot of headlines raking from washington on this program. We got all of that. Now we name my new dog. Or Facebook Page exploding with suggestions from you and what to name this little guy. Start with this, here are some of the names you think i should choose. Charles. No, will not do that. Lassie. Wont do that. Duke. Winston. Cash, a possibility. Stocks, no. Now, im leaning toward arthur or thatch. You still have time, haveeto consult the family but we will make a decision tonight. David, what did you say . David i said boehner, i was just kidding. But i do like king. Makes them feel more important, one syllable, easy, quick. Powerful. Stuart do you think dogs have feelings about their names . David they do. Stuart does a dog have a soul . David i have trouble with that one. When i look at it. I can sometimes a feeling i can see the soul. Stuart you are rambling on. David where the heck is boehner . Stuart get me out of this, so the 19. Dagen i dont think you can name the dog thatcher. I like arthur the way you say it. Thank you. Were still waiting for House Speaker john boehner. Tick tock goes the debt clock, there are now two competing bills on the hill. One in the senate, and another at the house. This man just won the nobel prize for economics and he is a frequent guest on this program. Yale Professor Bob shiller. What does he make of the chaos in washington . You will find out this hour. And while he was most iconic brands in american business, entrepreneur and businessman on the fallout for america created by washington. All that and so much more on this hour of markets now