Here is a look at whats making news as we head into a new week on the money. Better late than never. The september jobs report was released this week. Delayed due to the Government Shutdown. It was disappointing. The committee created 140,000 jobs. The Unemployment Rate fell to 7. 2 . The number of jobs created in the previous months was revised downward. Partly due to a strong earnings news during the week. Stocks continue to climb on friday. Big earnings news among technology companies. Netflix beat expectations. Amazon rose. It still posted a loss for the quarter. Among the big industrials ford came among expectations. Boeing beat while caterpillar missed. The ipad air is coming. They announced high screen retina display. Washington has been the focus of much attention lately. Now the initial failure of the Affordable Care act website. Joining any is steve inskeep. Glad to have you here. Washington has been the scene of a bit of dysfunction. Congress Holding Hearing on something else. The obama care website. You only get one chance to make first impressions. Can this recover . Thats what everybody has said. Theres been other problems in the past like with the Prescription Drug for Seniors Program for medicare that didnt work. It worked a bit lart on. You do have this problem thats revealed with government contracting. Theyre not good at doing technological contracts. They have looked at this contract at cgi and also worked with some of the states that have done their own health care websites and the states contracted in way that a lot of single contractors do the business and test the model and get it up in a reasonable way. You think its glitches. Lets stay away from the word glitches. That seems to minimize it. This is pretty major. Its a huge embarrassment. The jobs report out last week because of the Government Shutdown. We got the september report tuesday. It was disappointing. Are we going to break out of this slow bump along the bottom rut any time soon . I hope so but i dont think so. The ceconomy was slowing even before the shock of the shutdown. It take its toll in consumer confidence. We seem to be in bad position where were just crawling along not growing fast enough to get unemployment down very fast. Two million jobs short of where we were at the peak. Fiscal policy has been misguided. Not doing enough about the deficit in the long term and the fed had been able to compensate for that. I think were all feeling a bit of pain. Do you think were going to see a chance for grand bargain or not so grand bargain but conversations about solutions . Theres chance for conversations about solutions. We have two new deadlines for the budget plan and the debt ceiling. What david says makes the chance of a grand bargain harder. There would be more tax revenue coming in. There would be more money to come around. That doesnt seem to be happening. You do have the two headlines on the republicans and democrats. I think it seems unlikely that the government would shutdown early in the year which means they may muddle through to some agreement. People on both sides doesnt seem to be optimistic about some great bargain that would rework entitlement as republicans want or raise some tax revenue as democrats would want. Theres one staffer who described to me the options are really small ball, really small ball or no ball at all. There might be a little deal that deals with some mandatory spending. Corporates are doing well. A lot of cash on balance sheets. Yet, they continue to say that washington is getting in the way. Do you think, david, that were going to see this continue to drive markets and drive the inability to get money to work. Companies are not putting money to work hiring people. Theyre not investing because they talk about uncertainty. Theres something to it. We dont know how big a problem uncertainty is, but we know what direction it goes. The government could fix that. The other problem the companies are saying is they still dont see a lot of demand. To the extent that people arent hiring and investing because they dont see demands thats a bigger problem. Washington doesnt seem to be willing to do anything about it, and i dont think anybody else is either. Probably putting tapering off the table. What do you think . Certainly not going to do anything in their next meeting. Maybe in december. Maybe ben bernanke will leave office and send the tapering decision to janet yellen. I think the fed is trying to compensation for the dysfunction on other parts of government. Do you think the dysfunction is over . People want to see solutions. Youre right. I spend a lot of times reports overseas in really messed up places pakistan, syria, where people have serious problems. We should appreciate what we have here. We appreciate it when they go through a crisis like this. Its huge. Theres still a fundamental political difference between the parties. I hear people talking about 2014, 2016. Thats right. Great conversation. Appreciate your time. Youre welcome. Thank you very much. Up next, Alan Greenspan will join me. Hell tell me why he thinks we got things so wrong. What about the millions loss at a national treasure. Ill find out how the smithsonian fared during the shutdown. Take a look at how stocks ended the week. Back in a moment. Those of us who have looked to the selfinterest of lending institutions to protect shareholders equity, myself especially, are in a state of shock disbelief. The shock and disbelief in the aftermath of the financial crisis in 2008 has stayed on Alan Greenspans mind. He ran the central bank for 18 years and served under four president s. She just released a new book, the map and the territory. Thank you for joining us. My pleasure. That quote was stunning. The book takes a look at what we missed. How did you and so many economists get it so wrong . I was acutely waaware of the fact when youre in a regulatory area, the first line of defense is the fact of the inner workings of the individual Companies Whose selfinterest solve and protect shareholders equity, remarkably large number failed. I was shocked and so are all of my colleagues. Has enough been done in the last five years to prevent another crisis. Some things yes. Some things no. On the capital side were not doing anywhere near enough because in principle, if you have enough capital in a financial intermediary you cant fail. You can only fail if you have debt. 6 to 8 which is what the capital ratios were for most of the folks over two periods, that clearly is not proof to be enough. Were not at 11. Thats much too low. What about the doddfrank legislation. Youre not such a big fan. Tell us about that. For example, the broadest concern i have is if youre doing a set of regulations in the financial area, implicit in that is a comprehensions of how the system is working. I dont sense that in the nature. I cannot abstract from what theyre doing or how they think the economy is going to work. The vocal rule is another thing out there. If they cant write it, how are they going to regulate it . Yes, thats a problem. What vocal is going to do, and i sympathize with that, do not use subsidized taxpayer funds for proprietary operations. The problem is implementing it. Were finding out difficult it is to implement because its very difficult to separate proprietary trading from all aspec aspects. You wrote this book to go through the events leading up to this. Find out how you and others missed it. A lot of people talk about your policies and having been one of reasons. Sharing the blame because rates were so low for so long. How do you feel about that when people say greenspan kept rates for so long, its his fault. I would be concerned if i thought that was the cause for the problem. As i explained in the book its a much broader issue. Its got nothing to do with the amount of states. Its a global problem. The housing bubble from 2003 to 2006 period throughout the world, match up the pattern of bubble. United states and 20 other countries, u. S. Is right in the middle. Were not particularly off one way or another. The nature issue is the fact that what causes it was in fact a major decline in long term rates which impacted all asset prices as they do. It wasnt short term rates. Are we missing something now . Of course, we are. Such low levels and market rallying all the time, equities. Does it make sense to you . Well, yes it does. It makes sense to me. First of all, remember that the reason that nothing seems to be happening despite huge increases in Central Bank Balance sheet is its been very little action with those moneys. This week i spoke with Larry Summers who may have been nominated to run the fed. Take a listen to what he said about too big to fail. Too big to fail really is an issue. There still is a concern that some of what some institutions are borrowing on is not the quality of their assets and reputation but sense of their association with the government. How secure are the large institutions in the Financial System . Too secure. I agree with larry. The real important issue is that it inhibits Economic Growth if you try to protect those firms. Its far better to let them, if they are a problem, let them go into some form of liquidation. The good big ones dont have this problem. I remember talking to you a couple of years ago when you would also testify in front of congress. They also want to hear themselves talk. I listen. You were happy to do it because you dont want to give away too mump and mover the markets in a substantial way. Its a very tricky problem to be in a position every time you open your mouth or cough in the wrong direction you knock the dow up or down 20 points. Thank you for joining us. Thank you for writing this morning book. Thank you. Up next, the smithsonian conserving americans history one artifact at a time. Welcome back. The smithsonian is the Worlds Largest museum with a billion dollar budget and yet its expanding. It has the 500 Million National museum of africanamerican culture. Joining me is dr. Wayne clough. The shutdown forced the smithsonian to close all the museums including the national zoo. How did this effect revenue, projects . Will you make your fund raising goals . The week before the shutdown we had 400,000 people come to the museum and the zoo and the week after was columbus day. We were expecting 600,000. You can imagine 600,000 disappointed people. We have stores and restaurants. We lost four million dollars. 65 of the smithsonian budget is federally supported. That allows it to be free to the public. One of the suggestions by the Simpson Bowles commission was to reduce the funding. What do you say to charging admission . The American People help pay for the buildings and pay for the collections which are 137 million strong. Its a shame to say you have to pay to see what you own. Its one of the remarkable things that people experience. You have really had such success here. Its been a boom time for the smithsonian. Youre building a new museum, several renovation projects in the works. Whats the reason for the rapid expansion . Are you worried about sending so much when funding has declined . For us it hasnt. We raised over 220 million last year and the year before. Were having a lot of success but Congress Asked us to build a National Museum of africanamerican museum and culture. They asked us and we said of course. It makes a lot of sense for us to do it. Its a big project. Its on schedule. Were proud of what it will be. You have 144 websites. You have an app. How have you been able to expand dama digitally so quickly . Digital is important. I have written an ebook on it. I tried to write a book but it changes so fast, you cant do it. Its called best of both worlds. You can change the physical exhibition and make it more informative and a more meaningful business. You can deliver educational material. People love it. Im glad you mentioned education. Thats another thing you really bring to the table. The academic background as the former president of georgia tech. What are you thoughts in terms of access to education . Tuition and fees are going up. Everything costs more that normally people access before at low costs. I worry about that as an educator myself. The smithsonian has the history of being free. We know now with Digital Technology we can fill gaps. We can fill the gap of art because we have art history. Thats really valuable stuff. Youre retiring next year but everybody is saying why. Youve taken the smithsonian to new heights. What are you hoping to do next . Its been a great experience to serve my country in this way. The foundation has been laid for the next time. Time for me and my wife to take a step in the next direction. Great for you. Do you any you will be able to because of the Government Shutdown . No. Thats gone. Were being aggressive on the business side. We think it could be a way to generate revenue in the future. Really good innovation going on. Good to have you on the program. Thank you. Up next, well take a look at the news this coming week that will have impact on your money. The hip hop star diddy debuting his cable network. Lets take a look at the stories coming up in the week ahead. Another heavy week of earnings to come out. Well get results from exxon mobile, general motors, apple, visa, facebook and chevron. On tuesday the highly anticipated meeting will kickoff. Well find out if the tapering will begin or if its off the table. On tuesday well get retail sales data. Wednesday the first read of the Third Quarter gdp will be out. Health and Human Services secretary will testify before congress on the problems plaguing the obama care website. Sean combs is hoping to accomplish what mtv network could not. Hes keeping it about the music with his new cable channel, revolt. Were curating or con tent. Back in the day we had soul train and American Band stand to tell us what was new and coming up. You ran into oprah and she said i launched own and it was really difficult. Im going to be transparent be you, this is the toughest thing ive done. You have Sean Combs Enterprises and revolt tv. How did you do it . Ive had a great work ethic. My mother had to work four jobs. Seeing somebody do that it effects you and it effected me in a positive way. When was it in your lifetime you felt you could go this way or that bay . When my father got killed. He was a drug dealer. That being ng my life i didnt want to hang out on the corners. I wanted to work. I was looking at the forbes hip hop billionaire list, youre right there with jayz. You guys competitive . What did the forbes say i was . Number one. I cant hear you. You. Good morning. Breaking overnight, foul play . Serious criminal charges filed against the operator of an Amusement Park ride in north carolina, the one that injured several people this week. Did he tamper with the safety controls . One more problem. Jay z takes aim at the critics bashing him for his association with a new york luxury store accused of discriminating against black customers. Crazy call . The st. Louis cardinals win game three of the world series with a wild play, an obstruction call at third base and a whole lot of confusion. Weve got final moments of that game that have everyone talking and red sox fans seeing red