0 >> it's jobs report tuesday. that's right, the september numbers are nearly a month late thanks to the government shutdown but i guess late is better than never. a net gain of 148,000 jobs in september. 91,000 workers gave up hope of finding a job. those two factors combined drove the unemployment rate down to 7.2%. the good news is in the revisions while july numbers were revised down, ago numbers were revised up. together it means 9,000 more jobs were created than previously reported. one job not looking so secure is congress, 66% of americans in the new "washington post" poll are inclined not to reelect their representative to another term. a lot of that anger is aimed at republicans. >> the republicans shutdown jobs killer. are you seeing that in the jobs number? >> it depends. if you want to see that in the jobs numbers, i'm sure you could find a statistic. there it is, i found it. the job numbers only go up to the end of september and the surveys are in the middle of september before obama care went into effect. we're not seeing anything and the one thing that's notable -- >> we're not seeing it yet. >> not seeing evidence that obama care is a huge jobs killer. this idea that companies are going to fire full-timers and hire full-timers instead, that's not showing up. we're seeing the opposite, fewer part-timers in the workforce which would be the opposite of what would expect if it's going to kill full-time jobs. but, these numbers are all from before obama care went into effect. most are pragmatic about it, not going to make big moves before it happens. they are going to see what happens with their employees -- how much the costs go up? >> right, for some companies this will be a benefit. >> we saw at yahoo! where you were at as well as the wall street journal has run estimates on this, basically finding that snap shot, not seeing a big shift to part-time jobs. that's important data point to tour'e's question. >> a couple of questions that said they wanted to do that, the restaurant group said this makes sense, something you want your shareholders to know, there was a big backlash, not going to doing it. >> you think they are doing it for political reasons more than economical reasons? >> when you have bad news to deliver and there's a big explosion in the somewhere in the economy, it's very veenlt to say, that's the reason. that's the reason the numbers are down and we're not doing so well. we'll see some of that here as well. it will take months if not years to see what effect the law has. >> the other huge business story is the justice department cracking down on big banks, specifically jp morgan. "the new york times" reporting on a huge settlement deal, the crackdown on wall street has gained some momentum and what we've seen is reports that jp morgan will settle with doj at the tune of $13 billion. which is record breaking. what does that mean? $9 billion that would be basically some type of fines and fees. 4 billion would be relief directly to american bank customers and mortgage customers, which is huge. i want your thoughts whether this affects other companies. to put that in context, what is $13 billion? more than most american companies earn in a year. only seven on the dow jones make that in a year and more than jp morgan pays its employees. >> how much do they make? >> 21 billion is the record high. >> maybe more depending on numbers but a huge bite o companies? >> what usually happens is companies have moved on to some other kind of game or gimmick by now. we're talking about practices that were going on in 2006, 2007. everybody has learned let's not do that anymore and focus on something else. >> let's go back to washington for a second. part of what i think happens when we see the brinksmanship and tactics, part of the goal is obstruction and a smokescreen meant to distract from other things. part of the things that happened in the shutdown in the debt default dance, now quester sequester has become normalized because the democrats felt the fire is other here, we can't deal with that and sequester -- >> they distracted from the o bam obama care rollout. >> the fact is that we're no longer talking about rolling back the sequester. i think that was the hope of many democrats going into october, this is going to be a chance to take out those $100 billion worth of cuts and replace them with something smaller and less painful. that didn't happen and really looks like the sequester cuts are going to be in place for the duration for ten years. >> that is a scary, scary thought. >> amen. >> the new normal, craig newman, thanks so much for joining us. up next, obama care, the ebbs and flows of democracy. is the tea party to be washed out to sea? 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