Stay the greatest filt in the world, bar none. Thats what im fighting for. Thats what you and your families deserve. Economist mark bandy says a shutdown that lasts several weeks could reduce the nations gdp by 1. 4 . We will talk more about the shutdown with john harwood in just a few minutes. Also, later this hour, we have congresswoman Debbie Wasserman schultz and congressman Mick Mulvaney debating the issues. Also we have steny hoyer who will be our special guest at 8 00 eastern time. Lets get over to andrew. On to the next potential government crisis, it is, of course, the debt ceiling. Jpmorgan, jamie diamond are expected to meet with the president tomorrow. The white house official tells the wall street journal they will make while theyre in town for one of their annual meetings. Jpmorgans 11 billion settlement of the government mortgage probe became a little bit more complicated. The fdic has now an issue over the responsibility for losses at the former washington mutual. That
Last two weeks. The yields on debt that comes due in one month have risen to levels higher than yields for maturity thats dont secure for six months. Thats a big deal because normally an issuer would pay to borrow for longer periods of time. The institutions want to avoid being stuck with debt in the event of a default. Citigroup has told clients it would rather not take treasuries on october 24th as a sign of collateral. Andrew, this a sign your money is no good here. Weve got more on the situation in washington in just a few minutes. I dont know if people are going to be taking paengz or not, but i think we should see a number of Companies Set to post Quarterly Results for today. Before the bell, well hear from the follow. Citigroup, cocacola and johnson and johnson. Intel and yahoo are among the other we will be hearing from. Burberrys ceo is leaving the British Fashion house to move to, guess where . Apple. Angela ahrendts is going to take up a newly created position at apple with
Tenyear yield would rise or fall. I hear him yelling from across the room. Fortunately, viewers, you cant. That bet was for something we would we looking at, Something Like 2. 87 . Where is it, joe . Go ahead. Turn on his microphone on. Noumber one, it watts the en of the session today. How are you going to bow to me if we wait until tend of the session snm i am not here next week. And youre talking about less than two basis points. A win is a win, baby. Thats a fifth of a point. Ill take it. My point was youve been practicing . Listen, i looked up today, theres a curb your enthusiasm episode. And i thought, you know what . Any curb your enthusiasm episode, you can probably get fired for even talking about it, but there is one where he wants to get a bow from someone and he see these guy give a 90 degree bow. The complete one, right . And he gets a 15 bow, which he finds out is dismissive. It is. And youre getting a 15 you are a welcher. No, im not. Here is your bow. Youre a sore loser
Performance that its seen in about two months. Energy and Technology Companies led the decline, many of 2013s strongest performers were down for the day. If youre taking a look this morning, youll see equities are indicated higher. Dow futures up by 26 points above fair value. S p up by close to two points. Oil looks to be a major market story. Yesterday there was a late day swoon triggered by the death cross. Thats when something you see the 50day average moving below the 200 day moving average. Its viewed as a bearish sign and you did see a big selloff. We saw wti crude falling all the way back down to 95 and change. This morning on, it is still down there, down another 17 cents to 95. 27. Had been close to 100 a barrel before. Also worth watching today, the 10 30 eastern report on natural gas inventories. Then we have the latest oil decline coming about a half hour later. On the economic agenda, we have the major automakers reporting. The number of vehicles that they sold in decembe
Yesterday. This morning you see green arrows across the board. The dow indicated to open up by about 63 points. S p futures are 8. 5 points above fair value and the nasdaq up by more than 22 points. The bond market, the tenyear note is yielding 2. 722 . And check out the dow utilities. That index closing at a record high for the first time in six years. It added three points to close at 554. Yes. Well see what happens today. Lets get over to andrew right now. He has more of todays top corporate stories. Andrew, good morning. Good morning to you, becky. That whole Net Neutrality issue may be over. Netflix will pay verizon to deliver Faster Service for delivery of its movies. Netflix struck a deal with comcast to pay for faster delivery over the internet through a practice known as interconnection. Weeks later, Reed Hastings came out, saying he reluctantly agreed to pay the fees so his customers would get better service. Now its a trend. Prices of netflix may be going up as well. Thats t