Year. Its also below 1,700. The dow and nasdaq also lost ground gold gained 18 dollars. Oil under 103 dollars per barrel. A report says jp morgan may wind up paying the government 11 billion dollars in fines as punishment for allegedly breaking banking rules. Check it out the jewelosco grocery chain is tossing out selfcheckout lanes in some stores in an effort to re connect with customers. Stores are in iowa, illinois and indiana. The tesla s model goes rental. The electric cars are being added to hertz lots in san fran and l. A. And usa in a stunning Comeback Team oracle wins the 34th americans cup in san francisco. Way to sail. Congratulations. Daniel stecich of tjm institional Services Joins us now for a look at the market. Good morning to you. Are we in any kind of technical trouble here . Absolutely not. The market has been taking a little bit of a breather right now. Weve had a scare here and there. You have washington fighting right now. I think thats the biggest aspect of this market right now. So, technically i dont see anything happening and i dont see any panicking in the streets. You may see the market come off a little bit, but look where weve been. We were at 1730 last week. This isnt really a big deal. There was some measured buying in gold. Thats not implying anything here . The gold buying is a function of two things. Always a fear index and also what triggered it this time was the lack of tapering by the fed. The market had a big jump in gold, and that hasnt gone away. And most recently because washingtons acting like children and not getting together and doing the serious work they need to do. Youre seeing that fear premium being built into gold. I dont think that lasts either. Whats your traders take on the walmart situation . There were reports yesterday that surfaced that walmart was cutting orders on inventories. Caused a big mess in the market for a moment. It did. You saw the market dropinitially it was like 50 points lower, then 80 points loweri think maybe a little lower than that when i was watching it. But later in the day walmart backed off on it. The market took it real negatively and walmart came out and said this isnt the beall and endall of all inventory. Were gonna pick and choose the areas we think might not be stronger than others. I dont think its that big a deal right now. Walmart seems not to think it. But the market has a way of overreacting on any bit of bad news in here right now and especially given the environment were in right now. Daniel, thanks for coming on our show. Happy to be here. Next tuesday, millions of americans who do not have Health Insurance can sign up for coverage through a nationwide system of health exchanges. Our cover story provides this look at what to expect and how to find it if you dont know where to begin. For the more than 45million americans without employer provided Health Insurance or have been denied coverage due to a preexisiting condition, such as diabetes. This website may be the best place to start healthcare dotgov. It can lead to coverage plans thatll be offered in your state. And if youve got questions, heres another website to jot down localhelpdothealthcare dotgov. Thatll direct you to places in your community where you may talk with a counselor who can guide you through the process. An army of assistors and navigators are being trained and anyone with an aca question will be able to tap those resource each state will list health plans available to residents. State websites usually begin with the words get covered as in getcoveredidahodotcom. Enrollment begins october 1st and runs through the end of march. If you sign up early, your coverage can begin january first of 2014. Theres no penalty for waiting until the end of march to enroll. But there are plenty of websites such as enroll america backed by a list of Health Care Organizations encouraging you to sign up, now. The important this about these plans is that theyll cover er visits, prescriptions, all the different parts of health care, and there will be financial help available. Its not going to go off without a hitch. And as the Enrollment Period approaches, obamacares faults are becoming highlighted. For one, premiums vary from state to state and your income. This is a major undertaking and its likely these are transitional issues. The big question however remains, whos going to show up . thats the big one. What isnt known is how many Healthy People in their 20s will sign up to offset other demographics more likely to cost the system. That unknown is partly why some insurers are not participating in some states. President obama is expected to soon meet with congressional leaders in a last ditch effort to keep the government from shutting down. Wednesday, the senate took the first of several procedural vote on a budget that would keep the government operating until november 15th. All 100 senators voted to end debate on the motion and proceed to the bill passed in the house. That bill includes stopping funding for health care reform. However, Senate Majority leaders harry reid intends to remove that section of the measure. In an interesting attempt to stop obamacare senator ted cruz of texas held the senate floor for 21 hours in marathon talking protest. Treasury secretary jack lew also weighed in on the debt celing debate yesterday, telling congress that the country will cease being able to pay its bills on october 17th previously, lew had been vague about a specific date. House republicans are attempting to tie several party agenda items to the debtceling vote including implementation of the keystone xl pipeline and the roll back of many federal regulations. The price of a stamp is poised to go up 3 cents in january. In a controversial move the cash strapped Postal Service plans to hike the price to 49 cents to raise 2 billion dollars. The proposal needs the approval of postal regulators. Usps lost 16 billion dollars last year and predicts a 6 billion dollar loss this year as it funds future Health Care Benefits for retirees. Postal officials have been calling on congress to change the pre funding rule. Several analysts are calling for a jc penney death watch. The troubled retailer saw a dramatic drop in the value of its stock yesterday at one point hitting a 13year low, dipping below 10 dollars a share. After a less than successful back to School Season and continued plummeting sales the company is burning through cash. Bloomberg news reported last week. The ceo is working with Goldman Sachs to figure out the best way to keep the Company Funded while its in a turnaround phase. Wednesday, jcp released plans to hire 35thousand Seasonal Workers for the holidays this year. That compares with temp hiring levels in 2011. Jc penney stock finished the day yesterday down nearly 15 . Gas prices are taking a cue from the calendar, and falling. The National Average for a gallon of unleaded is 3 dollars and 46 cents a gallon down 35 cents a gallon from last year. The slide is expected to continue, due to a drop in demand and a rise in production. Jeff lenard of the National Association of conveinence stores says its improving the mood of consumers which could give a lift to the economy. It can add up in a hurry. And lower gas prices mean alot of good things to the economy. People dont like buying gas. Its not a discretionary item so it doesnt really benefit the economy as a whole. So if you can take that money out and put it towards other things, alot of good things happen with the economy and thats what were hoping for right now. Lenard adds that less uncertainty over the situation in syria is also contributing to lower oil and gas prices. Auto sales are expected to slump in september. True car predicts sales will show a september drop of 4. 4 year overyear. Analysts say uncertainty in the economy is causing some consumers to pullback on big ticket purchases. However, for some drivers, now could be the time to buy. The best time to get a car is usually towards the end of the year, like right about now. Fall. The new cars are coming. The older ones are still around. For 2014s youve seen them on tv probably some people may have even purchased 2014s that means you can get a better deal on the 2013 model. That was brian moody of auto trader dot com. Who says buyers have a better chance of negotiating now, with dealerships looking to make room for newer models. The rising stock market and the bump up in home prices continues to improve the picture of wealth for some americans. The Federal Reserve reports Household Net Worth jumped to 1. 3 trillion dollars in the spring. Up 1. 8 from the first quarter. The gains were significant for people in the top 10 who own 80 of stocks. Homeownership steadily declines for lower income americans. Meanwhile careerbuilder. Com reports. The number of People Living pay check to pay check has fallen from 40 to 36 this year. Despite higher mortgage rates, americans bought new homes in august at a brisk pace. Government numbers released yesterday showed an 8 rise compared to july and up almost 13 when compared to a year ago. Borrowing rates have been rising since may but rising rates can spur buyers to get into the marketplace before rates go any higher. Victims left homeless by Superstorm Sandy now face an even more helpless situation. New yorkers still waiting on repairs to their homes, now face eviction from the hotels theyve been staying in since the storm. Lawyers want to move 350 new yorkers from hotels into homeless shelters. They argue the Emergency Program is running out of money. So far it has cost the government 73 Million Dollars. Critics say its evidence federal and local officials need a more cost conscious alternative for disaster aid. An initial estimate of flood damage in colorado puts the price tag at more than two billion dollars. That number comes from catastrophe Risk Consultants eqecat. The company cited 15hundred homes destoyed and thousands more damaged across 17counties. Compounding mattersa report from usa today that says most colorado residents do not have flood insurance. Chinese Internet Company alibaba is reportedly moving forward with plans for an ipo in the u. S. A. According the New York Times the Ecommerce Company has ended talks with the hong kong exhcange and hired an American Law Firm to work on a stock offering. The listing may be worth up to 15 billion dollars. Amazon is upping the anti with its new lineup of tablets. The updated devices inlcude its new kindle fire hdx, which comes in two larger sizes. It also has an updated version of its smaller kindle fire hd. A notable new feature. The addition of mayday which connects users with an amazon representative via live video chat to answer questions. Samsung is the latest tech giant to go for the gold pictures of a new gold galaxy s 4 have appeared on the companys United Arab Emirate facebook and twitter pages. Apple sold more than 9million iphone 5s and 5c phones since the new models went on sale last friday gold has been the runaway favorite of the new Color Options and is backordered until october. Despite pullbacks in consumer confidence, americans are feeling comfortable spending their lunch money. A study finds americans go out to eat for lunch about twice a week. Spending about 10 dollars per meal or a total of 936 bucks a year. Still to come what is behind the state of the stock market. Is a breakup is happening at disney. We go behind the scenes. And ,bill moller steps in with an effective new way to air your corporate complaints. Well be right back. Im going to pass chemistry, and ill take it from there. Im going to do what makes me happy. Im going to work hard. Be independent. Live large. Make the most of every opportunity. I knew i wanted to go to college. But figuring out how to pay for it . I didnt have a clue. The u. S. Department of education has over 100 billion. And thats a lot of money. To help students pay for college. And the free application . You mean the fafsa. I did it online. It was easy. Im never giving up on my goals. I will make a difference. Im going to find out how to pay for college. Im going to college. Gov. What do you do when the phone is on the fritz, the cable goes dark or that blue paisley blouse arrives in the mail and its really polka dot . You write a letter or you call that 800 number right . Well you just might get a better and Faster Response if you complain through social media. Kim beasley is a social media speaker, coach and consultant. Give me an example of how you used social media to right a wrong. I had an issue with my computer. I contacted the creator of the computer issue and they actually responded to me on social media when i contacted them on google plus. And did you make a big complaint . Well, not a big complaint. I just stated the facts and stayed positive and they told me how to fix the problem and it was fixed. So it took you about 30 minutes. I read some of the columns youve written. Thats kind of a long time in the social media unviverse. Yes. Most companies who are watching their social media have more of a microwave communication where theyre instantaneously communicating. Now they realize thats how to stay engaged with their customers or clients. They actually have large staff that are devoted to nothing else than monitoring the internet for any mention of the company. Yes, they have what are called listeners. Listeners actually listen to social media to see what people are saying about the company on social media whether its the company name or the company industry. Now, is social media an option in every instance . In some instances, when a company is not minding its social media, you would have to take it to the phone or email. How can you tell . You maybe test the waters first and if you dont see somthing in a few minutes you go back to the old conventional way of doing things. Yeah, unfortunately. Some Companies Just have a twitter logo or facebook logo on their website. You go to it and they havent touched it in months. Thats a clear sign that theyre not minding their social media. You said earlier about your protocol is to be polite and also to document your issue. Yes. Documentation is one of the best ways to make sure you have a smooth transition when it comes to getting customer service. Kim beasley at kim beasley consulting dot comyoure out of kansas city. Thank you so much. Thanks for having me. Coming up. A look at hollywood ending for top industry executives. And later in chart talk. What billionaires say is feeding the stock market momentum. Stay with us. Heads are rolling in hollywood. Our movie guy is here to tell us about a true to life horror thats happening. Starting with disney saying goodbye to Jerry Bruckheimer. Theyre gonna part in 2014. It was kind of a shock to me when i first heard. This is a relationship that goes back to 1995. Were talking 20 years now. Obviously the lone ranger weighed on their heads. He says it was not the lone ranger. Yea, right. The lone ranger was basically the straw that broke the camels back. When i think of Jerry Bruckheimer and disney, i think of the pirates of the caribbean movies and how much theyve done. Were talking about a 4 billion franchise. He says he made about 10 billion overall for disney. He made a lot. 1600 Million Dollar grosses just in the u. S. Alone. But you look since 2009 at his track recordg force, prince of persia, sorcerers apprenticethese are all failed movies not just because of how big their budgets were, but theyre also failed opportunities for franchises for disney. Which is what they look for, and now they didnt get one with lone ranger, they didnt get one with john carter last year so its not a good time. Its time for them to part. Its dog eat dog in hollywood. It absolutely is. And at sonytrouble there as well. We been chronicling this all summer. Weve seen how theyve had a really bad summer compared to all the other major studios out there theyre probably posting the most losses if you sort of do the math that way. But they had four really majorafter earth, whitehouse down, the mortal instruments, city of bones. Elysiumnot as big of a bomb as everyone is saying it is. It lost money nevertheless. Someone has to go. Heres what happened at the Box Office Last weekend. Now, coming up this weekend, a lot of comedies. Cloudy with a chance of meatballs 2 is actually very good news for sony. It should take number one this weekend very easily. Its the sequel to the very successful family film from a few years ago. Ron howards rush is going to be interesting because racing films have not really done well in hollywood. Not counting the fast and the furious series, not counting the pixar movie. Days of thunder is pretty much the mpst successful racing movie and thats sort of a pariah in hollywood. So, well see how that one does. Don jon success from sundance this year. Joseph gordonlevitts directorial debut. Well see if that can branch out. And baggage claim i wouldnt be surprised gets as high as 2nd this week catering to the African American audience, its a light romantic comedy. You could see it do maybe mid teens or higher this weekend. Thank you for coming in. Thank you. Who has the better gauge on the stock market . The analysts or billionaires . Chart talk is next. Ehicle. When i came here, i. I couldnt move. [male announce david was broadsided on the highway. They werent very hopeful at the time that he would survive at all. [male announce an ied wounded mike in afghanistan. I dont remember all of the blast. Was over 500 pounds of explosives. [male announce their physical injuries have healed. The traumatic brain injuries tbis havent. The way i describe it is youre just afraid. Am i going to start forgetting things . [male announce tbi is as serious as any battlefield injury. Youre just not the guy you used to be. [male announce thankfully va has made important advancements in tbi seeing it, treating it, understanding it. And theyre here to help veterans affected by it. I can see that what were doing here at the polytrauma unit is to move from survivability to thriveability. [male announce if you think you or a veteran you know has sustained a brain injury, get screened. Matt cavanaugh of cmz trading joins us now for a closer look at the stock charts and the economy for us this morning. Good morning good morning. So are you fed up yet . Its definitely all about the fed. Theyre really the big player here and i think its interesting a week out, everybodys first gut reaction wasthe fed us not tapering, lets buy everything in sight. The analysts are saying the s ps going higher. Everyone is racing to get their forecasts as high as they can 1800, 1850, 1900. Then you have some investing legends buffett, icahn, and druckenmiller saying hey wait a second. So a real tug of war here. Really interesting to watch and it should be interesting to see whos right. The billionaires all say the market is priced just right at this particular time and might not go any higher any time soon. Absolutely and they see some distortions there. Buffett is having trouble finding things that he thinks are undervalued. The other guys think that these companies are really taking advantage of low interest rates. So its interesting to watch. The idea of the bernanke put is definitely still there but not making this market rally in the short term. We have gdp coming out. What do you forecast for that and what will be the Market Reaction . Thats really interesting to watch because as weve seen the fed even has cut their gdp forecast three separate times. Walmarts cut their forecasts, a bunch of companies have cut their cut forecasts. So ithink expectations arent too high. Anything above it and this market will rally. And below it with the low expectations, watch out. Thank you for your thoughts. Thank you. Coming up tomorrow its traders unplugged. As our pro traders talk about the deep divide in dc and what they think it really means for the market. From all of us at first business. 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