Apple lost a step since the passing of steve jobs . One of techs greatest Division Narcotic s, we have that and more for october 4th. Good evening everyone. Im susie gharib. Im Bill Griffeth in for tyler mathisen. Its day four of the government shut down and work stoppage for 800,000 federal employees and lawmakers appear in closer to ending the stalemate with no negotiation scheduled and the looming u. S. Default threat no less than two weeks away unless Congress Raises the u. S. s borrowing limit. John harwood joins us with the latest efforts to reopen the government and the war of words from the white house to the capitol and beyond, john . No sign of progress, no . No sign of progress, bill. At this point both sides are watching for the reaction of their own members and also the members constituents back home. The president coming out and saying yes, ill negotiate but only after the government is reopened and republicans raise the agree to join democrats in raising the debt limit t
Yields on the tenyear treasury were stable at 2. 6 all week. With all this stability, traders took to calling this the what, me worry, rally . Here is a what, me worry, look. The dow closed back above the critical 15,000 mark. The nasdaq up 33 and s p added nearly 12 points. Looking at the last 12 trading days, the dow and s p posted gains for only three of them. Despite the federal budget stand off, some encouraging words about what this may mean for states and other muni ni municipalities. A shortterm shutdown at the federal level wouldnt have a Significant Impact on the credit quality of states and local governments and even for nonprofit Healthcare Centers and airports and roads and mass transit or public housing. The impact of the shutdown is taking a big toll on some private manufacturers. Laquid martin will furlough and maybe thousands in the weeks ahead. Computer sciences is also planning furloughs next week. In the meantime, u. S. Airways is blaming the federal Government Shut
Now on booktv Thomas Stanton argues the main difference between companies that successfully made it through the 2008 financial crisis and those that didnt was the willingness of upper management to listen to feedback before making decisions. This is about an hour and 15 minutes. Good afternoon and welcome to the cato institute. I am the director of Financial Regulation studies at cato. I am also honored to serve as moderator for todays book form. Reading press coverage of the financial crisis one comes across phrases such as banks did this and banks did that. These generalities, there was no response to the financial crisis or events that preceded it. To confirm took different approaches and several ceos and their boards made poor decisions, others made good decisions, prudent decisions and sometimes brilliant decision that not only saved their firms but about and to gain market share come out stronger than ever. In my own riding i tend to place considerable emphasis on the poor Public
Periods. Quitetrue, they are gone a bit. Right now, they are really in the one solid work going to of the year, eight or nine weeks where either the house or senate or both are in session in washington. It is absolutely true they spent a lot of time not in washington. Guest i am sure a lot of them would argue that they need to spend time in washington not in washington, in their home district. It is an avenue of criticism that we hear. The president gets criticized when he goes on vacation as well. Im not sure it is fair to say that all those 137 days are not necessarily vacation. Thing, whenther they are back in their districts, they can do a lot of constituent work. There is not much happening in washington. When they are back home, at least they can help something. Host a related story in the washington post. They found 60 of americans say they are inclined to look around for somebody else in the midterm elections, including the majority of democrats, republicans, and independents.
You can also reach out to us online. Im calling about john boehner. But him not bringing up the extension of our Unemployment Benefits before the twoweek recess for easter, i am appalled by that. Not bringame he did this up for the people who need the jobless benefits. I think is a shame that the president cannot do anything about it. Why do you think you didnt bring that bill up before lawmakers went for recess . Caller it is paid for, i dont know. What he wants. Im i just think he wants to hold all of us hostage and make everybody suffer. From theory now washington times. Oh he contends his reelection bid, quote wont even be close. This is quoting john boehner. Kaiser, west virginia, larry is on the line. Caller i think john boehner has done a very bad job and i think he should be replaced. Host who should he be replaced with . Caller im not really sure. Someone hi whos more conservative. They should cut back on the spending programs. Sundays the ington post lets go now and listen to