Stalemate over the Government Shutdown continues and now a dire warning from the Treasury Department about the debt ceiling. The governments ability to pay bills which its already incured. It says a default would be unprecedented and can be catastroph catastrophic. The value of the dollar could plummet. U. S. Interest rates could skyrocket. We will hit the debt limit on october 17th, unless Congress Raises that debt ceiling. The dow posted a triple digit loss on thursday and fell below 15,000 for the first time in a month. The markets rebounded on friday. The september jobs report which are was scheduled to be released on friday was postponed due to the Government Shutdown but the adp employment report which measures private employment showed 166,000 jobs were added last month and that was slightly below expectations. Twitter took another giant step toward going public. The Company Announced on twitter it has officially filed papers to do so and will trade under the Ticker Symbol twtr.
The Ticker Symbol twtr. No word on what it will exchange on or at what price. The markets faced a double threat from washington. The threat of the shut down and the debt ceiling. Joining me is chief strategist at jpmorgan funds. We had no jobs number this week. Bummer. It wawas tough. Were at a point where you might be able to guess what that number might have been. What kind of job growth do you see now . I think were between 150,000 and 200,000 per month. Thats the job growth weve been getting for the past three years. I dont think it changed in september. I think were still somewhere in that range. David kelly, you guys are trying to guess as well. Your number is a little bigger than mark zandi. Within the range of error were the same number. We were looking for195,000. The Unemployment Rate w going to fall to 7. 2 . The labor market was tightening but all this is before what blew up in washington this week. With what blew up the Federal Reserve is looking pretty good when they didn
Era of everything must go, everything including the mall itself. Mark strassmann reports our cover story. Reporter all across america, shopping malls are dying. All of a sudden the consumer now has every single retail store a key tab away. Reporter why would you get in your car and drive to the mall when you can reach in your pocket . Thats the point. Reporter but we met one entrepreneur who says he has a recipe for the future, reinventing the american mall ahead on sunday morning. The color of money in this country is a little on the drab side, not at all like bills you can find in wallets elsewhere. Rita braver has an accounting. Reporter america got a new 100 bill recently, but compared to the colorful and Creative Designs of other countries, our money can seem downright dull. Doesnt the u. S. Have a little bit of currency envy . Absolutely not. Reporter later on sunday morning, well show you the money. Its all in the wrist is a popular saying and the watch word of a whole new gener
Era of everything must go, everything including the mall itself. Mark strassmann reports our cover story. Reporter all across america, shopping malls are dying. All of a sudden the consumer now has every single retail store a key tab away. Reporter why would you get in your car and drive to the mall when you can reach in your pocket . Thats the point. Reporter but we met one entrepreneur who says he has a recipe for the future, reinventing the american mall ahead on sunday morning. The color of money in this country is a little on the drab side, not at all like bills you can find in wallets elsewhere. Rita braver has an accounting. Reporter america got a new 100 bill recently, but compared to the colorful and Creative Designs of other countries, our money can seem downright dull. Doesnt the u. S. Have a little bit of currency envy . Absolutely not. Reporter later on sunday morning, well show you the money. Its all in the wrist is a popular saying and the watch word of a whole new gener
The big stories in the headlines this week. Heres a look at whats making news as we head into a new week on the money. Wall street keeping a very nervous eye on washington as the stalemate over the Government Shutdown continues. And now a dire warning from the Treasury Department about the debt ceiling, the governments ability to pay bills which it has already incurred, the department of treasury says that quote, a default would be unprecedented and has the potential to be catastrophic. Credit markets could freeze, they say, the value of the dollar could plummet, u. S. Interest rates could skyrocket. The Treasury Department says we will hit the debt limit on october 17th, unless Congress Raises that debt ceiling. The markets seem to be listening and the dow posted a triple digit loss on thursday and fell below 15,000 for the first time in about a month. The mashlgts rebounded on friday. The jobs report scheduled to be released on friday was postponed due to the Government Shutdown but