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Transcripts For CNBC Worldwide Exchange 20131004

Quarter of record profits, all thanks to revival in the chip sector, but shares are falling as it prepares for Slower Growth in the mobile space. All right. A warm welcome to you. Welcome to this jobs friday. No, its not a jobs friday. Because of this. House republicans today are holding a closed door meet to go discuss plans for budget and fiscal matters as the u. S. Government shutdown hits day four. There is little action in congress as the budget impasse looks like it could very much into the debt ceiling deadline of october 17. Reports suggest john boehner has signaled he wont let the u. S. Default even if he has to enlist votes from democrats. The Treasury Department is warning a default would be catastrophic, plunging the u. S. Into the worst recession than that experienced 2007 to 2009. The president has canceled a trep into indonesia next week. And the shutdown debt ceiling on the minds of people all across the United States, Brian Sullivan moderated a Panel Discussion last ni

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