Minutes away. My partner tyler is what im trying to say, and you are my tyler, but youre down and you are my sue. Sue, i cant remember a more eagerly anticipated, maybe more important fed decision than the one we face in about 58 minutes from now. Everybody wonders what the fed is going to do with those bond purchases. Probably no move on Interest Rates. Almost certainly none here. What will they do about the bond purchases. That is one reason why the basic barometers of the stock market are basically calm. A little bit lower. The dow down about 47 right now. The nasdaq off about 4 and the s p down about 3 points. Basically waiting, watching and wondering what the fed will do. But there is also another huge story that were following at this hour and that is the question of whether they will rise above down in washington and come together with respect to raising the debt ceiling and then that important continuing resolution to fund the government. There are a lot, eamon javers, political tactics playing out. Doesnt feel like rise above time in washington. The latest information that we have is that the negotiations are really at a standstill over this issue of whether or not to defund obama care. Earlier we saw Speaker Boehner come out and say hes going to make it contingent on a continuing resolution that they defund obama care. Take a listen to what the speaker had to say. Were going to continue to do everything we can to repeal the president s failed health care law. This week the house will pass a cr that the locks the sequester savings in and defunds obama care. The president has signed seven bills over the last two and a half years to make changes to obama care and i sincerely hope our friends in the senate have plans to make this an eighth time. So House Republicans saying no continuing resolution no for the government unless we defund an obama care. That is a nonstarter in the senate in terms of the votes and also a nonstarter with the president of the United States and he said why earlier today. Take a listen to that. To make sure that you are using your influence in whatever way you can to get back to whats what used to be called regular order around here. Doing things in a way that reflect the genuine messy negotiations of democracy, but did not promise apocalypse every three months. And whats interesting there, tyler, is that the president was speaking to the business roundtable. Hes looking to american ceos and Corporate Leaders to weigh in up here on capitol hill with House Republicans and say, wait a second this continuing resolution is important. We dont want a government shutdown. Lets not try to push this obama care defunding stuff and hold off on that and fight that another day. The president is looking to exploit what he sees as schisms within the Republican Party over this. Whether thats going to be successful or not is anybodys gaes guest. Thank you very much. A story sure to unfold over the next couple weeks. To the markets ahead of the fed meeting. You see that dow industrials down about 45 points about a quarter of 1 at 15484. The s p down 2. 6 points 1702 the nasdaq down about. 10 , the least of those three barometers 3741 the quote right now and gold down about 6 an ounce at 1302. Sue . Lets get two takes on the impact of the fed. Diana olick on housing but well start out with dominic chu on stocks. Take a look at where some of the wall street experts are looking for the most impact on anything from the fed. We know rising rates have taken their toll op companies with high dividend payments. Sectors like utilities, Telecom Services because the relative attractiveness of those bigger dividend yields lessens as Interest Rates go higher. S p capital chief equity strategist says there are other reasons as well. Companies with higher levels of debt suffer because higher rates mean higher interest costs. One reason he thinks companies with higher debt levels could suffer as well. He took a look at some sell rated companies. They also have higher relative debt levels higher dividend yields as well. A few names that s p capital came up with to avoid are Packaging Company bemiss Cypress Semiconductor and cliffs natural. If you believe the fed would only taper if they thought the economy was slowly headed in the right direction, some traders Like Companies that participate in economic upside. You think names like disney or industrials like General ElectricConsumer Companies like macys. This is all going to depend heavily on what actually happens with the fed today and where the economy, sue, goes from here. Thank you very much dom. Now to diana olick on the Impact Todays decision might have housing and the Mortgage Markets as well. Hey, sue. Of course the big question is where will Mortgage Rates go less than an hour from now when the fed announces it will or will not dial back on its asset purchases. Rates took a breather last week actually which sparked an 18 jump in mort again refinances. That could have been on a fear of a rate spike. Today Mortgage Rates loosely follow the tenyear treasury but rates care more about mbs according to matt new graham at mortgage news daily. Be prepared for rates to go either way at a fast pace this afternoon. How much does it really matter to the housing recovery . Doug yearly ceo of Toll Brothers said on squawk box no matter what the feds says it cant change housing demographics and peter at the Lindsay Group says the impact of the incredible amount of fed accommodation over the past five years can be partly undone if Interest Rates continue higher. What hes saying housing could enter a giveback period because just like the drop after the home buyer tax credit there is no free lunch. Tyler. All right. Diana olick, thank you very much. Lets take a look at apple which has had some rough days in recent weeks but today is to the one of them. Up 6. 43. The first reviews of those new iphones released overnight showed mostly positive reactions. Which the company says the most dramatic change to mobile its mobile operating system since the iphones launch in 2007. So, the early reaction sue, pretty positive there in the marketplace and among reviewers. Indeed, it has been, ty. Were just a little bit more than 50 minutes from decision time. Goldman sachs Ceo Lloyd Blankfein spoke to squawk box today on how the firm is positioning ahead of the fed decision. Here are the highlights starting with who might be the next fed chief. I will have to work with whoever has that job so it is actually quite convenient that i like everybody whos been named. And heres what mr. Blankfein thinks about the markets and the economy. The largest probability is that we muddle through all these things, were climbing the wall of worry and were stauntively very well positioned to for the economy to keep improving. And finally, mr. Blankfein on trading the fed. I expect i think at this point there has to be some cut. I think if its a number like down 10 billion, the market will be very, very happy. If its more than that the market will be sad. Theres a bill tail wind from the fed and people think, gee, this is the first moment when theres a withdraw of kind of abnormal support for the market. But its not as big a deal. So why dont we start right there. What does the market want from the fed . Mike is the chief u. S. Economist at jpmorgan and mike you would think the fed will start to taper reducing its bond buying in various sectors bay total of 15 billion. Were looking for about a 10 billion in treasury purchases and 5 billion in mortgage purchases. What if they dont do it what would that tell you . That would be really surprising to me. I think the fed has tried to reel back in Market Expectations from earlier this year that there would be qe infinity and if they didnt taper today that would set back the hard work the fed has done to get the market to realize that qe isnt going to last forever. The reason i ask it when you talk to we talk to a lot of people, as you to certainly, and some people have made the point that the metric on the unemployment situation has not met what the fed laid out initially when it talked about qe3 and staying in for the market for the long haul that some of the metrics that the fed has set even though the economy is improving, have not yet been met. It doesnt seem to resonate with you, though . Right. I mean one can argue that the Unemployment Rate is being polluted by the changes in the Participation Rate. That said since qe3 started last september, we have added 2 million jobs and that isnt affected by Unemployment Rate measures. Secondly, look i think the fed may be feeling the decline in the Participation Rate is structural and theyve mentioned that 7 unemployment is about where they want to be when asset purchases end. They havent conditioned that by talking about the Participation Rates. I think all their Communications Point to getting tapering starting pretty soon because it may have to end within six or nine months. Lets end on the economy. You do think that things are Getting Better . We do. Im sorry, Third Quarter looks like we did slow down to around 2 but early indications are that momentum is picking up toward the end of the quarter and looking for things to pick up to around 2. 5 in the fourth quarter. Mike, well leave it there. Thanks very much. Were ticking closer to that decision. Thanks for joining us. Ty, down to you. All right sue. Lets take a look at tupperware stock, shall we . It is up more than 50 in a year, though down a little bit today. But the ceo like many other ceos has a lot on his plate from a new proposal to the disclosed ceo pay ratios to the average workers deciding on Health Care Exchanges for employees, and, of course the Global Business climate. The view from the top, next on power lunch. In. In Corporate News fedex is delivering posting better than First Quarter fiscal products despite global tepic Economic Growth the stock up 2 1 . The home Goods Company tupperware which includes beauty and personal Care Products outperforming the Broader Market rising about 50 for the one year and 200 over five years. Even i know that means the triple. If we served lunch here at power lunch we would probably save the leftovers in containers like this one from tupperware. These were my mothers favorite containers of any. Ricks going is the chairman and ceo of tupperware brands in washington to announce the boys and girls clubs of americas youth of the year scholarship winner which the Company Support supports. We got a lot to go so lets dive in here. First, is it really true there is a Tupperware Party every 1. 4 seconds around the world . That is correct. Weve got a sales force out there of 2. 8 million women and so 24 hours a day, seven days a week theres one starting. That is so right now, there are tupperware parties starting every 1. 4 seconds. Lets talk about first the Global Business climate as you see it. The biggest share of your revenue is more than 30 comes out of europe middle east and africa africa. How especially is that region performing for you and more broadly is the Global Economy doing . Well, that has been an important area for us and will continue to be in the future. I was at the ambrasetty conference this past week and theres a lot of focus and discussion, we believe europe is going to solidify Angela Merkel is probably going to be reelected she is actually shes kind of running europe and that gives a lot of people comfort. So there are headwinds. One of the things that was reported this last week that for the first time in europe theres a declining work force. So they have issues there. Shrinking population, work force, but thats offset by, you know, whats happening to us in the emerging markets and yeah. This incredible concept its the rise of the rest is quick thought fa reed za car ya would say. Where do you see it stable growing, growing slowly what . Stable to growing slowly. We have a nice business here in the u. S. But at the same time there are many better opportunities around the world with the emerging middle class. Whats driving the emerging middle class is the emerging middle class is women, women being educated empowered. We were in china this last month and at the beijing Business School friend of mine became the first ambassador from china to the world trade organization, 75 of their students are women. Let me turn you if i might to two topics i think of interest broadly and especially to ceos, big Companies Like yours. The sec as you probably know has proposed and just voted today on a rule that would require companies to disclose the ratio of ceo pay to that of the average worker. Where do you stand on that . Is that a good idea and for a company like yours, with 12,000 of your employees nonu. S. How would you go about doing that calculation . But basically you think its a good idea or not . Its cannon fodder. It is you know the u. S. Is 5 of the worlds population. That isnt what the rest of the world is focused on. We focus on showing women how to become entrepreneurs and many times shell start with a simple kit and earns a 7 figure income. Thats where were throwing our attention, not another thing on whats going on here in the u. S. Markets. Were focusing on growth in these other markets outside the u. S. And so i take it you think its probably a pretty dumb idea more broadly you would rather focus on other things. Its been about as effective as sarbanesoxley which mostly in business is just Cost Companies money. Let me turn you now to a growing trend in the United States among companies and this morning, we heard from walgreens or it was reported that walgreens is now going to sort of stop paying for Company Sponsored insurance and give its employees a stipended to go on to the newly forming insurance exchanges to buy their health care coverage. Realizing you only have a u. S. Work force of about 1,000, does this strike you as a good idea . Would you consider it for your company . Does it tell you that companies are increasingly trying to get out of the business of providing insurance to employees . Well that certainly has been the case that companies are trying to get out of that business, but the complexity for us is 2. 8 million women around the world, so our focus is where the masses of population are and where the growth is going to be. Do we have to Pay Attention to that . This is our base. Yes. But its not our focus. Mr. Goings thank you very much and congratulations on your work with the boys and girls clubs of america. Thank you tyler. Very interesting conversation. Could google be the answer to our health care problems. The tech giant making a move into the health care sector. Well tell you all about it. Plus coming up on power pitch, were going to the dogs literally. Can ecommerce site pet flow get three ins from the judges and their furried friends. Stay tuned to find out. About to be the millionth customer. Would you mind if i go ahead of you . Instead we had someone go ahead of him and win fifty thousand dollars. Congratulations you are our one millionth customer. Nobody likes to miss out. Thats why ally treats all their customers the same. Whether youre the first or the millionth. If your bank doesnt think youre special anymore you need an ally. Ally bank. Your money needs an ally. It is power pitch time. We give founders of companies 60 seconds to make their case and then a panel of experts will decide whether theyre in or out. Take a look. Im mandy drury and todays power pitch is going to the dogs literally. We have a company that wants to make life a bit easier for pet owners and all those hungry cats and dogs out there. Alex is the cofounder of petflow an Online Delivery Service for pet food and supplies. Before dipping his paws into this new company alex was a cofounder of epic advertising which sold for 48 million in 2005. Joining alex is ruby and the inspiration behind his startup. They have 60 seconds to deliver their power pitch. Hi. My name is alex and im cofounder of pet flow. Com a scheduled pet food delivery service. This country has more than 160 million pet dogs and cats and over 60 of households have pets. More pets than children. This year alone pet parents will spend 55 billion on their pets and over 22 billion on food alone. The staggering statistic ecommerce is less than 4 of sales, far lower than any other consumer category. Shopping pore pet food usually involves a last minute trip to the store when they reach into the food bin to find it is empty. They choose the favorite products, set a delivery schedule and a box containing the pets favorite toys and treats arrives at their doorstep. We carry 150 high quality brands. Since we launched in 2010 we raised over 15 million on venture capital. Alex and ruby on the right side of your screen. They can hear us but cant bark back yet. Pow