Any ground in their budget battle which has partially shut down the government. Speaker boehner says republicans are still demanding changes in the president S Health Care plan. Billionaire carl icahn backed away from a final legal battle over the value of his shares from the pcmaker which is going private. Icahn says there is better uses for the 2 billion invested in bell. Cheryl sothebys adopted a poison pill to make it more difficult for a buyer to acquire the company. The auction house is trying to fend off activist investor dan lobe, who raised his stake in that firm. David says he has better artistic sense than the current management. Nasdaq ceo bob greifeld visiting twitter San Francisco headquarters today. Apparently making a lastditch Charm Offensive to get twitter to list on the nasdaq and the upcoming ipo. Cheryl next big question for them. Microsoft outgoing ceo Steve Ballmer receive ad smaller than projected bone for the second year in a row. Following disappointing sales for windows 8 and the surface tablet. David samsung tablet were launched on at t and sprint today. The launch was accompanied by huge Advertising Campaign in leading newspapers. We have a very exciting after the bell and it starts right now. David sometimes it is very exciting is a gimmick. I have to admit that, it is not a gimmick. I love the fact we got a real Market Action in the positive direction which all that going inside. Like the economy is saying, you know, the heck with you. I could do a gesture but it would be obscene. I came close to it, almost, but wall street is saying essentially to folks inside the beltway. Lets break down todays Market Action. David kudla, he says market valuations are not stretched. He will tell us four ways to play the market. He knows his stuff. Chris gersh from the cme. Chris knows his stuff. We have a couple things happening today. We did not get the labor stats from bls it is considered a nonessential part of the government. So guess what . We have to rely on the private stats from adp and some other sources. We have no usda livestock prices but guess what . Tyson foods is going to private sources for pricing mechanisms. Im just wondering here if the market and i mean not only stock markets but the economy in general standing back, gee, you know what . Maybe the private sector can do these nonessential items better than the government can. What do you think . I think the private sector can always do a better job than the government. Come on, series of us traders down here that want everything to go private because the efficiency and the red tape, they dont have to cut through. But us traders here, the big news after boehner came out, we opened above that 1680 level right here in the futures pit and we rallied. Boehner came out. We had a three handle pullback. In 20 minutes the market digested that. Even though there is no deal on the table it rallied above that 1680 level. That tells us traders we want to be in the market in case something does get resolved over the fear of not, of not being in the market and things continuing to get worse. We think that the market is going higher. Cheryl lets bring in another voice. Weve got david and chris. Rye ryan sweet, moodys senior economist. Ryan this was a strange day today. This was jobs friday with no jobs report. We got adp with initial claims. How do you wake up on a friday morning without a jobs report to assess the health of the jobs market and what it means for gdp . This morning it was a little less stressful than usual but there were plenty of things to keep us busy. We do the forecast with adp. This week we were leaning very heavily on private sector data. We had isns which showed a little sign that the economy was leaking in september. We got the adp employment numbers and vehicle sales. When you sum it up, looks like the economy in the Third Quarter rose 1 1 2 . David david kudla, i want to get back to my main point. Were using more private data. Using private vehicles in a whole lot of areas weve been told by folks inside the belt way, only the government can do that. Guess what . The private sector can do things better. What we saw by the way the august 2011 exercise where we had the debt negotiations. Downgrade of your own debt. Everybody said, you know the sky was falling. In fact we came back and it led to the sequester. Guess what . The sequester led to Less Government spending. That is a good thing. Do you think some of this is now being digested by the markets . I think some is being digested by the markets. I think also the markets and investors are less sensitive to what government does. In september of 2011, that, in that period, we had, the markets adjusted in a very drastic way. David very quickly, by the way just to go back, it was a friday when our, when we were downgraded, the United States was downgraded. Following monday we went down. The markets came down 5 . Big drop, but in one week they were back up to exactly where they were before, david . Right. This what happened. Were basically flat to up a little bit. David good point. From where the government was shut down. Market an investors are becoming more desensitized for this. They know it is noise. Longterm investors know it is noise well work through. There will be a agreement after all the grandstanding, political posturing and markets will move higher. Cheryl stand by for just a moment. Were getting breaking news. I want to bring it to our viewers right now. This is from our partners at the wall street journal. Looks like Jana Partners takeing a 10 stake in outer wall. This used to be coinstar, if you remember the coinstar the company. This is now outer wall. Looks like a activist move by janna. They want to look at Strategic Options with the board at outerwall. A bump up in the ask versus the bid. This is crossing after the bell as we sit here with markets closed. Wall street journal reporting this. A lot of problems with coinstar. Janna wants to come in and change up this company. I want to get to breaking news with all the viewers as well. I want to go back to chris in a moment. Chris, on a day when you get a lot of big ipo news and movement and john boehner make that very angry statement in front of the cameras this morning, you really no damn game. Cheryl im sorry . Its no damn game, repeating it. Cheryl glad you said it. I didnt want to curse but he did today, he cursed. The s p there was a big move in the s p on that, spiking volatility from davids point, this doesnt end. We saw volatility spike in the vix and you know with uncertainty, the government not issuing reports getting back to your report before weve seen the increase in vix but nothing like we saw in june. Us traders we want to be long this market. The fact were able to digest that. On my trading desk there are a lost individuals that sold the market. I had to cover those short positions right away because everyone seems to be going long, despite a stronger dollar. We saw a pullback in gold. If you see a big spike up, the market up and down gold environment, that tells me that this market is really not scared about this inevitable, the debt ceiling it is two weeks away. Us traders are not even really think about that right now. David ryan, what about Interest Rates . People are thinking about that. They have come down tremendously since the last fed meeting when they said they would begin printing money. They ticked up again. Do you think that is a trend that well see next week . No, i dont think so. I think well see, taking a bigger view the 10year end this year right around where it is today. David really . I think the fed is, i think the fed is clearly, theyre very hesitant to begin tapering process. With the government shut down, it is already doing economic damage. Shaving off. 2 of a percentage point off Fourth Quarter gdp. If this trip goes into next week, it will shave half a point off gdp much the fed will be cautious. Heightened policy uncertainty has certain implications for future Business Investment and hiring. The fed will delay tapering earlier this year or 2014. That is a very bold prediction. Thats a very bold prediction. 160 basispoint move in the 10year in the last four months. I dont think it will be around here. We have some volatility coming up. Cheryl we have to put money to work. We can start doing that monday morning. David, i want to go to you. You have very interesting stock picks. You like ford. That company we know. But you have a Company CalledGenomic Health incorporated, ghdx. The stock is down 18 over the last year. You say this is a big bet in biotech. Why do you like this one, david . We like biotech in general because it is growth area traditionally defensive sector. The cracking of human genome and what that translated into diagnostic testing, treatments and cures. Well see stocks like this one, continue to move or move higher. David by the way, david, at end of the year do you think Interest Rates are the same or higher than they are now . Well, we had. Comment earlier about ism much the ism manufacturing index, for september, was actually the highest in 29 months. Our Services Index came down a little bit in september. But in august, the highest since december two thousand five. We see a lot of good economic data. David very simple, david, we dont have much time. The 10 Year Interest Rate higher or lower by the end of the year . Higher. David ryan, that leaves you by yourself. Hey, youre a bold guy. Youve been in at that position. Ryan, david, wonderful to see you guys. Thanks so much. Well be back with chris in couple minutes when the s p futures close. Cheryl there you go. Never a boring day especially with washington involved. There is no end in sight with the political game of chicken theyre playing. Both president obama and republicans are Standing Firm but is the tone of this confrontation beginning to shift . It was lunchtime. David twitters ipo plans are out in the open now. A lot of people are kind of disappointed with the money figures. Were going to find out whether the social media giant can convince investors it will eventually, because it is not now, turning a profit. Cheryl there has to be a story there. That takes us to todays facebook question. Get it . Will you invest in twitter . Tell us why or maybe why not. Log on to facebook. Com afterthebell. Well bring you those answers at the end. Show. [ bell ringing, applause ] five tech stocks with more than a 10 . Change in aftermarket trading. All the tech stocks with a market cap. Of at least 50 billion. Are up on the day. 12 lowvolume stocks. Breaking into 52week highs. Six upcoming earnings plays. That recently gapped up. [ male announcer ] now the world is your trading floor. Get realtime market scanning wherever you are with the mobile trader app. From td ameritrade. Amelia. Neil and buzz for teaching us that you cant create the future. By clinging to the past. And with that youre history. Instead of looking behind. Delta is looking beyond. 80 thousand of us investing billions. In everything from the best experiences below. To the finest comforts above. Were not simply saluting history. Were making it. See who does good work and compare costs. It doesnt usually work that way with health care. But with unitedhealthcare, i get information on quality rated doctors, Treatment Options and estimates for how much ill pay. That helps me, and my guys, make better decisions. I dont like guesses with my business, and definitely not with ourealth. Innovations that work for you. Thats health in numbers. Unitedhealthcare. Maestro of project management. Baron of the buildout. You need a permit. To be this awesome. And you. Rent from national. Because only national lets you choose any car in the aisle. And go. You can even take a fullsize or above, and still pay the midsize price. aaron purrrft. vo meeeow, business pro. Meeeow. Go national. Go like a pro. David just 15 seconds and the s p futures will be closed. Lets head back to chris again in the cme. What is the late action . Traders are settling for the short position over the weekend. By the way we didnt mention this, but saturday is the day when he congress is going to meet again an some people ares is specificking it might happen. As you said before, chris, traders want to be long going into the weekend with a possibility of some resolution. They dont want to be caught short. Correct. They feel that they can trade out of it if they are long on monday and something doesnt happen. But like i said, we have several trading days before the 18th. Traders are look together long sign. David chris gersch, have a great weekend, chris. Cheryl shares of cbs went higher after signing a big tv talent to a contract extension. Lets head back to nicole petroleum on the floor of the New York Stock Exchange with this one. David letterman a household name and loved by many viewers. They will be happy to know that cbs extended David Lettermans contract through the year 2015. This will continue tvs longestrunning late night host. 31 years and continues to count. So his show averages over 3 Million Viewers nightly, behind leno but ahead of jimmy kimmel. It will be interesting to continue to follow his following over the next few years into 2015. 3 cheryl what will he do after 2015 . Or is that going to go . I dont know. Well see then. His studio is freezing if you ever been in it. Wear a jacket. David i miss johnny carson. Cheryl work with david asman. You like a good, cold, studio. David i like a good cold studio, keeps you awake but nobody like johnny carson. Cheryl thank you, nicole petallides. It is one of todays top stories. Twitter discloses financials for the upcoming ipo they are a confused by the new Ticker Symbol, twtr. That has not started to trade. David we dont even know where it will be trading. But Ticker Symbol twtrq is still trading. That is symbol for penny stock, tweeter a defunct Home Entertainment company. The company saw 800 jump to 13 cents in todays reason. Only likely reason sim laters between the names and Ticker Symbols. Cheryl that is big oops you think on that one . David i think so. Cheryl the real twitter has time before it officially begins trading the Company Released some financial information. One surprise, the Company Valued at 9. 7 billion, actually saw a 40 increase in the net loss in the First Six Months of 2013. David supposed to be going up, not down. Did this company wait too long for its ipo . Joining us is the privco ceo and founder. Thanks for coming in, sam. My pleasure. David a lot of weakness on the money front with regard to twitter. People thought it was worth more. The revenue was more. Might even be makeing a profit which it is not. What is the single greatest weakness youve seen out of the twitter reports . To me, it is not necessarily the absolute amount of the revenue. It was in line with most expectations. It is the rate of growth of that revenue. If you look at a chart, i think we provided it, yearoveryear growth rate. Went from eight quarters ago, 220 yearoveryear. Drops to 1730 a couple quarters later. To 130 most recently, the last amendment they have to do before the road show, they have to plug in the Third Quarter, september 30th it will be down double digits. Cheryl the other story the charts dont show where revenue is coming from. It is geographic. It is coming from the United States. 2 3 of twitter users are, theyre not monetizing international audience. Maybe they can. That is the big problem, all the new users are coming outside the u. S. U. S. Users grew 11 , lowest growth rate ever. It will be flatlined in three or four months, it will be flatlined. All users are coming from egypt, iran, libya, botswana. We crunched numbers all night last night you tell the way i look. Thank god for tv makeup. They make 30 cents page view, 2. 50 from u. S. Users. Cheryl they have to grow the u. S. They have got no choice. I mean international. How do you Grow International users . Cheryl in line against facebook. There are only some people willing to tweet. They have already 60 million monthly active users in the u. S. You subtract the kid, you subtract my dad. Essentially youre, subtract david. David there are a lot of negatives. Im a strange one to be coming to twitters defense although i dont use the damn thing although i will have to eventually. This is such a stockhungry environment. Despite all the shenanigans inside the beltway. You see what the market did today. It still wants to grow. Of course. David even with all the shortcomings of twitter you mentioned so eloquently, because it is such a stock hungry environment the ipo will do well . No question about it. Were expecting this november 8th. Goldman sachs we understand will restrict the number of shares being sold by insiders which will make a scarcity like linked in did, very smart, sell 8 , 9 . There will on be a lot of demand for twitter. Everyone knows the name. Very easy to understand. Even if you dont use it, im sure, david, im sure you understand it. Makes sense. David i use it from time to time, more and more. Cheryl cheryl casone. Valued at 9. 7 billion. Facebook was valued 100 billion. What do you think they learn from where facebook went wrong . Smaller valuation but you say limit the shares . Also limit the shares and dont get greedy on the valuation that is the most important thing. 9. 7 billion what they were last valued at the secondary markets and blackrock stake that was sold. We expect it to be valued 15 billion. David which exchange should trade in. New york stock exchange, nyse is where my money is. Cheryl even with the twtr, with the four letter. The fact with the four letter ticker and didnt name it, theyre doing a real tease with the nasdaa. Cheryl theyre still dancing theyre hoping to get major major goodies from