connell: that is the big story of this government shutdown. we will have speaker boehner and the rest any minute from capitol hill. the microphones without anybody behind them. we will see what they have to say about the plans. dagen: bob shiller just won a nobel prize for economics. studied how basically longer run markets are less efficient, ow people are risk-averse, how optimism and pessimism affects the market. how what is happening washington changed our optimism. connell: and it is fun to have him on. we know bob, he is on a lock. all right, down by 63 points. if you want to focus on the market for a minute as a way for the speake speaker of the house, john boehner, to come out and address us after they called this meeting. one of the things interesting about that is you would have senior leadership, the members being joined by the senior aides, but they kicked out the staff members and it was just the members of congress themselves talking things over about this new plan that was unveiled today and the question the rest of the day is what happens next. what is the senate's trip out if anything? getting pretty close. dagen: what if we get up, we get to this issued by the treasury, what if we get to that date and move past it? is there any market reaction? based on the psychology of it all we have this date burned into our minds even as you were covering last week bipartisan policy center came out and said the date is a little bit later. nevertheless, just because it has been put out there, does it have an impact on the country at least in our psychology? connell: it might. back to the crisis days of '08, things like that happen awaiting for the rest of the republicans, let's bring in matt welch in the studio for some analysis. put forward to us reported by rich edson and peter barnes down in washington, to your medical device tax suspension taken out on the senate side, that is going to be the big thing it seems like today the house puts forward this plan which includes other things that having members and the president and vice president covered by obamacare. what do you make of the developments this morning? >> we have two days left before we stare into the abyss. on the republican side really need to peer over the cliff in order to satisfy the kind of chasm between what conservative grassroots want and what is actually achievable by the government. i understand we're getting kicked over here? dagen: peter barnes is standing by in washington. i want you to answer a question, wilraise a moment ago. is something doable y thursday? can i get something done based on the way they have to move forward? >> i think so. there are some similar days between the house proposals we are about to hear from speaker boehner. as connell was talking about some proposals. they share some common components, but it looks like there could be some compromise for a one-year delay on the medical device tax which was taken any delay was taken out of the senate bill, but it is the house republicans proposing a two-year delay. that is grounds for a compromise. we just got a statement from the white house about these developments and the newest house republican proposal according to white house spokesperson, the president has said repeatedly the members of congress don't get to demand ransom for fulfilling the basic response abilities to pass a budget and pay the nation's bills. the latest proposal from house republicans does just that in a partisan attempt to appease a small group of tea party republicans who forced the government shutdown in the first place and it goes on with some other familiar talking points that we have been hearing for the white house in this battle. connell: how do we read into that? send it back to them to use maps term and the popular term ping-pong and maybe that is not, we will wait to see how the day unfolds, the two year, the potential compromise doesn't sound like comp are my thing language from the white house. >> a lot of public maneuvering and posturing ghost wrote the media to talk to their constituencies and hold out to probably another deal on thursday night. there is still time to negotiate, when there is time to negotiate, negotiators take it. dagen: peopletp see the partisanship, frustrating, intractable lawmakers down in washington, but is there any upside to it? what will grow out of this if anything? we will repeat this in a few months from now. >> go down to the clinton, newt gingrich shut down. a lot of it was when are we going to balance a shutdown? republicans like to balance the budget when they are in position. what happened was the budget got balanced a lot earlier than both sides predicted largely due to revenue the exploding, but long-term for the country it wasn't necessarily a terrible thing. to the extent in which to talk about restraining government spending was to get back step to defining obamacare. continuing resolutions give government spending flat. we have been doing this irresponsibly for the last several years because we haven't passed budgets but that has kept spinning around 3.5, 3.6 trillion the last several years. that is some silver lining to all of this. connell: going deadline to deadline, we create one in january and another in february if the reporting is right this morning. we will see what is and is comes up with. but how do you break that cycle? maybe you are right that it keeps spending down, you can keep going on like this forever, can we? >> no. they thought they can break the cycle this spring when the house said we will only pass a definite and continuing resolution if the senate passes a budget. the senate passed a budget finally but they didn't appoint a conference committee to hash it out so they didn't take advantage of the opportunity. it is 2014 next year. hard to imagine a big kind of deal happening. dagen: of the market reacted more negatively, bond market or stock market, peter, would we see a congress acting differently, you think? right or wrong, did work when the bailout program didn't pass, the market collapses and then you have a congress that didn't move ahead with it. >> absolutely. some of the players have been counting on that but i don't know how much investors would like that. the market seems to be pricing in and discounting the chance that there will not be a deal here at the end of the day. that's what this clinician is we have been hearing from analyst. i do want to mention again there are some similar provisions between the house and senate proposal. both of them would reopen the government and funded until january 15. they would extend the debt limit and increase it to february 7. they want antifraud verification provisions for people getting subsidies, lower income folks and middle income families. one top republicans came out of this meeting a few moments ago and said the senate needs to negotiate with us. take a listen. >> we are going to vote a bill that we believe the senate should accept based on their likely negotiation. the scent want to say my way or the highway. i suggest senate republicans not go along with that strategy but rather with a strategy that house and senate can vote on and can become law. >> just also to fill you in this morning senator harry reid went to the floor and said he is still making progress in his negotiations with the public leader mitch mcconnell and he does expect a deal between them sometime this week and senate democrats and senate republicans are having their policy lunches today expected to talk all about this on where they all stand and whether or not they can come to their deal. dagen: peter, thank you for that. we also have matt welch and rob reynolds, chief executive officer, good to see you. we will probably have to break to go to that house speaker every week now. bu do think the market is factoring in that this deal will get done and by this kind of deadline on thursday? sorry, bob. we're going to interrupt, here is house speaker john boehner. >> good morning, everyone. our leader team met with members today trying to find a way forward in a bipartisan way that we continue to provide fairness to the american people under obamacare. there are a lot of opinions about what direction they're going to go. there has been no decisions about what exactly we will do. but we will continue to work with our members on both sides of the aisle to try and make sure there is no issue of default and to get the government reopened. >> this point we talked to our members. it has been very clear all along what we has republicans in the house have wanted. we wanted the democrats to sit down and talk to us so we can work out our differences and we have been saying since day one we believe there should be no special treatment under the law and fairness for all americans. those elected and those unelected. i'm glad to see harry reid in the senate has begun to sit down and talk with republican leader there, and we encourage that. as the house republicans confereece think it is important for us to stress in whatever proposal we move forward will reflect our position on fairne fairness, no special treatment for anybody under the law. >> very clear in our discussions that we think individuals should be treated fairly. they business should not have special treatment and a bit of commerce not have special treatment. we're very cognizant of the calendar. we want to get moving forward and get the america back to working again. >> for weeks now the republicans in the house heaven working with solutions anyway this is the time for solutions and they need to based upon fairness for all. we recognize people all across this country continue to struggle and have their challenges and as a foundation we want to ensure laws are written and inflected in a way that provides that fairness for all whether it is moms, dads, small business owners, seniors, young people trying to find their way forward. we in the house remain committed to being a part of a solution to working in a bipartisan fashion to find those commonsense ways to make sure we are doing what is good and right for america. >> the changes in your bill, arguably pretty minor. where they worth the two weeks government shutdown? >> are working with our members to be sure we provide fairness to the american people. this am, i have made clear for months and months the idea of default is wrong and we should be able to work closer. >> will there be a vote today on the plan? >> you have a plan? >> we're taught with our members on both sides of the aisle to find a way to move forward today. thanks. connell: the speaker of the house john boehner and rest of the republican leadership fairly short remarks it seemed like the tone of it if anything was nonconfrontational talking a lot about getting things done there and only take a few questions about this new planet we talked about this morning. dagen: he said very little and gave very little away. we are working together the idea of default is wrong and that was it pretty much. take a look at the market, used in the market gain some more territory only down 18 points right now on the dow but we have matt welch with us, pa barnes in washington and bob reynolds. he never got a chance to answer your question. based on the speaker's remarks and the situation at hand, do you think the market believes based on the pricing and bonds and stocks that something does get done by thursday? >> that is the belief of the market, i think. from the movement of the market stock prices today, early movement of today told you the market thinks something is going to get done. dagen: bob, do you worry with all the haggling and the nature of both parties at this point the optimism of the american people has been hurt, the psychology has been damaged and that could be a lot more lasting in a way that you can't measure today? >> i think the psychological has been damaged for a long time. this uncertainty we have been living with for the last five years, he cannot make long-term business decision, investors cannot mmke decisions on the market. in turn you have companies sitting on their hands, people sitting on their hands. it has been bad for the economy, no question about it. connell: peter barnes, right before we went to speak a john boehner and rest of the leadership he told us about a statement coming out of the white house that use the word "ransom" in it. it seemed as i said a moment ago the tone was different than that, republican house side. what we make of that? >> if you listen to republicans thathey use the word "fairness" over and over and over. that is clearly what they're trying to resonate with voters. you can see people feeling differently about different aspects of this battle, most people don't like the shutdown, most people blame the republicans more for the shutdown. but there' it also some traction fairness, obamacare and the fact some people who will have to buy their insurance through exchanges may not get any help from the federal government. republicans have decided to put their flag in the ground on that issue it appears to me, and also repealing the medical device tax, which critics say raises the cost of care for people, elderly people who need hip replacement. that resonates as well sometimes. connell: it gives them something to say we got something on health care, something on obamacare. maybe not what they wanted at the beginning, but the house republican leadership with a house republicans in general don't want to step away from this giving completely on health care. >> they need to show we did anything ww could to do something about obamacare. the question is how much is the senate going to give them back? income verification, it is not clear if that is going to goo% anywhere in the senate. medical device tax remains about the most significant thing we can get out of this. it shows they are pursuing pretty symbolic politics. the scheme of things doesn't really matter about the rollout of obamacare. this is more about the political stuff. dagen: due to the last debt ceiling fight we lost the aaa debt reading, if these fights continue and they become more frequently, do you think how much we have to pay to borrow money will go up long run? there could be not just psychological, but financial damage done to the country if they keep playing chicken in washington. >> i think right now we're at a different spot tha then we weren 2011. 201,100 different economic environment in the u.s. and certainly one in europe. the u.s. is much stronger today than it was in 2011, companies are doing well, i think you have seen revival of europe certainly it is not strong but it is much better than it was and you also see progress in china. i think we're at a different point so i do not see it having an immediate impact on the u.s. bond market and u.s. treasury ratings at this point. dagen: good to hear that. connell: thank you to all of our panel but spends to start us off with this live coverage. good stuff, everybody. dagen: where moments away from talking to a frequent guest on this program who just happened to have won the nobel prize for economics earlier this week. bob shiller. we cannot wait to hear what he had to say. known for such iconic brands as paul mitchell, he is here, one of our favorites. what it is doing to business in america. dagen: and petrone tequila. connell: think up. look at currencies, much more to come. [ woman ] if you have the audacity to believe your financial advisor should focus on your long-term goals, not their short-term agenda. [ woman ] if you have the nerve to believe that cookie cters should be for cookies, not your investment strategy. if you believe in the sheer brilliance of a simple explanation. [ male annncer ] join the nearly 7 milon investors who think like you do: face time and think time make a difference. join us. [ male announcer ] at edward jones, it's how we make sense of investing. ido more with less with busless energy.s, is helping ups do just that. soon, the world's most intelligent servers, designed by hp, will give ups over twice the performance, using forty percent less energy. multiply tt across over a thousand locatio, d they'll provide the same benefit to t environment as over 60,000 trees. that's a trend we canall . help the gulf when we made recover and learn the gulf, bp from what happened so we could be a better, safer energy comny. i n tell you - safetis at the heart of everything we do. we've added cutting-edg technolo, like a new deepwater well cap and a state-of-the-art monitoring center, whe experts watch over all drilling tivity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. >> 24 minutes past the hour, i am lorne greene with your fox news minute. "washington post" reports the nsa has been collecting millions of contact list from e-mails and instant messages from around the world including those of americans. it is he is gathering intelligence on valid targets. information came from documents from edwards noted i and confird by senior intelligence officials. there has been another dry ice explosion in los angeles and national airport. this time it took place in a restricted area and just like sunday's incident, no one was injured. two other devices did not explode. authorities don't know who is behind it. the supreme court will decide of the environmental protection agency overstepped its authority and loving greenhouse gases. the question is if the pa can apply the oversight to power plants and factories. those are your news headlines on the fox business network. i am lorne greene. back to connell and dagen. dagen: thank you so much. connell: breaking news in just a few minutes. we're happy to do this next segment because novel nobel prir economics with us, bob shiller. talk about the case-shiller report on home prices, he was given the award from the university of chicago. dagen: a bigger cash for their work to answer questions individually about assets. stocks, bonds and homes. bob shiller is here joining us from new haven, connecticut. congratulations. we were terribly excited for you, maybe more than you are for yourself. >> i don't know how that can be. dagen: i want you to later tell about the story when you called your brother on the phone to tell him. first, looking down on washington and the lack of agreement and the ongoing fighting over the debt ceiling overspending in this country again we're getting perilously close to another debt ceiling deadline. do you think based on your research you have done, this will change maybe for the longer run, the optimism people have about this country and the psychology of how we potentially invest and price assets? >> it is difficult to say, there is the risk the government will default and harm the nation's reputation. underlining it there is a tug-of-war between entitlements and i would say support for the stock market. i don't do how it is going to come up, it certainly is reflecting an attitude of not raising taxes, not emphasize entitlement, which is probably good for the stock market, but also ongoing not much stimulus, still an austerity regime. it is cloudy, i don't have a clear view. my guess is it is not catastrophic. connell: tell your story from yesterday. one of your producers called up the announcement was made and you were on the other line. what was it like, where were you when you found out and who did you call, what did you do? >> i was taking a shower, i had just got out and the phone rang so i dashed downstairs. i suspected it could be them. and i was right. i didn't believe it when it happened, so call my brother up in detroit, i said did you hear the news? he said yes, the tigers lost. connell: that is pretty good. had to be up there with terms of the big moments in your life, i am sure. anytime you're nominated you know there's a chance to win, but what about the feelings, this is a big deal. >> it was a reception, champagne reception for me and economics department, just the mood of that, kind of scared me the head this is an important award in some people's mind. dagen: you grew up in detroit, correct? >> that is correct. dagen: were you a nerd? i am serious, the people pick on you because your brain was bigger than your body when you were 12? >> i went to a class reunion of my high school, i felt like somehow my status has improved. i can hug all the pretty girls, i couldn't do that back then. dagen: you have a really good head of hair and a nobel prize, so there you go. connell: nelly thinking. introducing this, the work you have done. a lot of people assume there is pride like this a split between three people they somehow work together on it. but that is not the case here. you work individually. in fact, her ooher nerds who follow economics, you have been rivals rather than people who have worked together. talk a little bit about that. you see the world differently yet the committee recognizes what you have both done. >> in a way, consider both of them friends, i was about to send them a congratulations. i haven't had a chance yet, it is so hectic. there at the university of chicago, i suppose they are thinking chicago schools tend to not think of anything contrary to market. they few exceptions. there is this idea the market is perfect. i actually like the market. my book was about promoting them, but don't think it is perfect, they need regulations. dagen: if you look at the broad range of stocks, bonds or real estate, right now what is the most attractive? the most fervently priced? >> for a short horizon it might be real estate. it has been shooting up. much more momentum than there is in the stock market. the stock market is a little overpriced, i think. the real estate market is not overpriced. if i had to pick one, it would be for the short run. it might be just reversed the stock market will resume in the next decade or so, 20 years will resume its good performance. dagen: what will you do with the prize money? >> i haven't thought yet. i will probably pay taxes firstly. dagen: that is the best answer you could possibly give. congratulations. we have this to you as often as we have in the last year or so, so take care. care. connell: don't get off big time on the center field to be on the show because you won and nobel prize. coming the known for such iconic brands as paul mitchell and john paul jury is your talking about the standoff in washington and what it is doing to business around america. dagen: airline dug-in smaller and we are not making that up so folks get bigger but the field get smaller. makes perfect sense. here are today's winners. let connell: breaking news from washington, house minority leader nancy pelosi as the microphone for a news conference. >> call on them to sabotage the bipartisan effort in the united states senate. this is the 15 of the shutdown which has hit our country are and harder by the day. now for reasons i don't quite understand republicans want in the house of representatives again want to sabotage the bipartisan effort in the senate and that will carry economy are and our global standing as well. what is also interesting is it's the american people in their pocket books, meaning higher interest rates on student loans, car payments, mortgages, business loans, a few are small business person will affect your 401(k) and why. it is hard to undo stand because this is very damaging. what you have seen here, is this where we are? the speaker does not have hopes for the proposal. if there is any hope here that they don't, why are they doing this to the american people? sabotaging a good faith bipartisan effort coming out of phe senate. wasting the public's time and in this time time is money. time is money. it will be very costly if eventually we do lift the debt ceiling, the interest payments will be in the billions of dollars. this republican habit of sabotaging of any effort to move forward is a mug jury our country cannot afford. you can see by their comments made not have the votes. there are those who don't want to lift the debt ceiling and the moderates who say they want to do so in a way that is clean, will go to the senate, that will pass and the president will -- connell: nancy pelosi on capitol hill. cutting away from her to another side of the capital and the senate majority leader gerry reid has the floor of the senate where he is speaking about what he has to say about this. >> bipartisan negotiation on sensible long-term budget. they threw out the numbers and think magic is going to happen and some on come january 15th everything will be hunky dory. there are processes we have to follow. they fall on the and, in the schedule. for weeks republicans claim they want to negotiate. but there legislation completing the need to work together and put our country on a fiscally sustainable path. for years, mr. president they have complained about why don't we have regular order here, they complained about lack of a budget. not a don't want us to negotiate a budget. hard to comprehend this logically but mr. president, the tea party driven part of the republican party doesn't follow logic. why would they want to close the government for 15 days, have a default on the debt? haas legislation will not pass the senate. whitehouse said just a few minutes ago, quote, the president has said repeatedly members of congress don't get to demand ransom for killing their basic responsibilities to pass a budget and pay the nation's built. unfortunately the latest poll does just that in a partisan attempt to appease a small group of tea party republicans to force the government to shut down in the first place. i am very disappointed with john boehner who would once again try to preserve his role at the expense of the country. i have worked hard to rise above partisanship, find common ground in the senate. and mr. president, we have done that together for the good of the nation. this is much bigger than the senator who is presiding from the state of hawaii, john boehner at my side, this is much bigger than that. much bigger than me, bigger than two senators who are here from connecticut. we have a senator who is chairman of the budget committee, it is bigger than her or the senior senator from new york who is on this floor. mr. president, we have to start country. that is what we have been trying to do. this is so disappointing. on the eve of financial destruction for this great country, and that is what it is, to appease a small group of people over it there, so disappointed. >> question. >> i would be happy to. >> i would like to ask the senate majority leader to the chair, one of the key elements in this new proposal from john boehner is to diminish this president's authority to deal with the default on our national debt. this authority, so-called extraordinary measures or emergency measures gives presidents back to president kennedy the wherewithal through the treasury department to avoid an economic disaster which could impact families, businesses, jobs, i ask the chair of the majority leader, now we have seen the republican party bring us so close to the press on default is unimaginable to me that any president including president obama would surrender this authority to keep america safe in light of this type of threat. one of the key elements in terms of problems associated with the john boehner proposal. >> to my friend from illinois, senior senator, we have seen what has gone on the past few months, this whole year, with a group of people, out giving press conferences, the one the government to stay closed, the hardship is really, really awful. and they are boasting to fail its obligations. these are obligations we have. that is one of the things, the proposal they have, would not allow, for example my friend, the chair of the most important part of the federal government, safety and security of the united states subsidy, was led by many decades by the late senator dan inouye. connell: we are getting a better idea where everybody stands. you are looking and we had it live at a speaker who doesn't have the votes taken. the key comments. dagen: the speaker doesn't have the votes and harry reid say we were blindsided by this proposal in the house but they are laying it all out. you heard nancy pelosi saying if you -- if your 401(k) plan loses money you can blame the republicans. it is not just the rules and the back and forth but pure politics with the leaders in the house and senate coming out. connell: some would argue there are not many differences between the previous plan and this one but democrats of gone at it full speed ahead. in terms of what the plan contained that was the year earlier breaking news just try the best we can to keep you up on the development in washhngton. house republicans came out with a new plan. you would have a vice president, the president, the cabinet, congressional lawmakers under obamacare delaying the tax on medical devices for two years and you heard john boehner talking about it earlier this hour and open the government with the jan. 15 deadline for a spending bill for a debt limit deal but as you heard from two big names in the democratic party it does seem that is dead on arrival but we will continue throughout the day. here to discuss this and how would impact american business is the chief executive officer and co-founder of paul mitchell. what is someone like you and the business world think when you hear people going on like that have been in washington to come up with this deal last minute again? >> both parties are acting like little stupid children. this is definitely political, both parties's fault. if they agreed to drop their own salaries and drone fringe benefits when everyone else did this would have been settled three weeks ago, not 15 days ago but they do little little bit differently over there. there are some good things about this. i want to point out some positive things. this is america and we are good country. it is the dead at the big. at least we have an opportunity to debate one side against the other. even though they are so far off of these political parties at least is the american way. they are debating. you got to look also at what causes this and what the immediate solutions are and there are great media solutions but politically they are going back and forth where i know you are right. how does it affect us? we have seen little effect on the streets right television points it hot, these parties, these politicians, to be a helluva lot worse than what it is. not as bad as what they say. if goes on it would be and i feel sorry for the hundred thousand people that have been laid-off but there are some great things that can out of this. the couple days after this started an announcement was made about the environmental protection agency. i am all for the environment but this is something interesting. kept one thousand, and they were considered non-essential personnel. non-essential personnel? does that bring back 10,000 non-essential personnel or only 5,000 of them? we don't want anyone to lose their jobs but through attrition weather through retirement or have someone else leave the job, there is so much waste. you see all of the world austerity in europe, people want to retire at 52 years old, 586 -- if you raise it to 67 that portion will be okay and most of us are younger people. we don't want to retire. dennis: you are talking about things we taught conversation about over and over again and we talking gun moving from one deadline on thursday to two more deadlines in january and february so hard to see how we get from here to there. when will we have them? >> that is the whole thing. they are looking politically what side is going to win, you are talking about you got to pay your bills and spend what you make, not more than what you make. put it this way, the climate of the united states is good. other than this negative information businesses growing, stock market going up and down each day, that is politically motivated. paul mitchell -- pushing some new exciting things we think are good for the world and people are reacting and excited about it so things are a little better than people are appointed to be. connell: great to get your perspective on what is happening in the real world. >> when you see the people in power talking about the death andbt and their driving around in jets that is not good but there are good things. connell: we will talk season. dagen: when in doubt, drink tequila. let's go to the floor of the stock exchange with market reaction to the back and forth on capitol hill. where we started the hour. nicole: this eaves investors on edge to hear different rhetoric from different lawmakers. when john boehner spoke you saw the market jump and look at the volatility on the interday chart on the dow jones industrials, from basically 15,000 to 30 of to 280 so it was a 50 point sound optimistic, he spoke with nancy pelosi coming out and as trrders were calling get the scare tactics, the worries about our economy and what hits your wallet and harry reid followed. you have back-and-forth action. we saw the russell coming of a fresh highs yesterday and one trader said, doesn't mean it is true, what if this all happen? what if we get to the deadline and default and credit rating is cut and look at the low. you know there will be some selling and people won't be happy about it. that is oovious. dagen: politicians should be careful about predicting upward movement or downward, period. connell: we have seen politics in action, live, difficult to watch in time, it is part of a process. dagen: bob schiller said it would not be catastrophic. they will muddle along. connell: putting perspective on markets now. it's a growing trend in business: do more with less with ss energy.hp is help. soon, the world's most intelligent seers, designed by , will give ups over twice the perrmance, using forty percent less energy. multiply that across over a thousand locatio, and they'll pride the same benefit to the environment as over 60,000 trees. that's a trend we ca all get behind. the most free research reports, customizable charts, powerful screening tools, and guaranteed 1-second trades. and at the center of it all is a surprisingly low price -- just $7.95. in fact, fidely giveyou lower trade commissions than schwab, td ameritrade, and etrade. i'm monica santio of fidelity investments, and low fees and commissions are another reason serious investors are choosing fidelity. now get 200 free trades when you opeanccount. the mac elitist on the back and forth on capitol hill. the deadline coming up on thursday on a proposal from house republicans on how to move ahead. luckily we have peter barnes standing by in washington to give us the back-and-forth of where it would all leave us. it looks like john boehner does not have the vote for this new proposal including a delay on the tax on medical devices for two years, nancy pelosi and harry reid talking very negatively about the financial markets which had risk of its own. what do you know? >> harry reid going to the floor of few minutes ago to attack john boehner saying he was blindsided by this new proposal which he says shows john boehner is pandering to tea party republicans in his conference and he said he was, quote, very disappointed with john boehner and said this could absolutely risk default. take a listen. >> this is so disappointing. on the eve of financial destruction for this great country and that is what it is, to appease a small group of people over there, i am so disappointed. >> he also said credit rating agencies are watching the situation and threatening poteetially to downgrade the u.s. credit rating and in fact it is true that fitch has said that it may look at its aaa rating for the u.s. as a result of all this. after what you saw, and wasting the public's time. dagen: peter barnes in washington. connell: with all that is happening in d.c. we are couple days away. the treasury department tells us after raising the debt ceiling, more coming up from capitol hill as markets continue. dagen: the kitchen garden at the white house. what to watch. the fallout from the shutdown. that is coming up in the next hour of markets now. stick with iovation. stick with power. stick with technology. new from phili sonicare.um. help the gulf en we made ourecover and learn the gu, bp hafrom what happened so we could be a better, safer energy company. i catell you - safety is atthe. we'vedded cutting-edg technology, like a new deepwater well cap d a state-of-the-art monitoring center, whe experts watch over all drilling activity twey-four-seven. and we're shang what we've learn, we can all produce energy more safely our commitmentas never been stronger. >> a lot of opinions what direction to go. no decisions about what exactly we will do. we will work with members on both sides of the aisle to make sure there is no issue of the gulf. >> the house republican leadership, take a look at it. extreme piece of legislation and it is nothing more than a blind attack on bipartisanship. dagen: just when it seemed we were moving closer to deal more fireworks on capitol hill. i am cheryl casone with dennis kneale taking you through the next hour of markets now. competing plans, one in the house and one in the senate as we are two days from hitting the debt limit. we will take you live to capitol hill for the play-by-play. wall street keeping a close eye on washington, the dow jumpiig 54 points. after john boehner's comments, we head back down. we are heading into the negative once again and it is the see-saw for the markets as well. all of the heated twitter responses on democratic leadership from john boehner and we are tracking all of you, major food company is watching what you buy. all this and more in the next hour of a busy markets now. i think volatility might be the word of the day. dennis: every time they think they are about to solve it someone snatches defeat. cheryl: we are celebrating another day. six years ago, we watched the fox business network still going strong. happy birthday, david asman, day one. >> like you haven't aged a bit. congratulations. one of those founding acres of this entire place. top of the hour, stocks every 15 minutes. nicole petallides on the stock exchange, you must feel you are on a bender. >> i remember our sixth year anniversary, we are focused on what we do in washington because every time we have one of our lawmakers at the podium the market is gyrating, we had john boehner come john, and followed by harry reid and the market's pullback and the vix, the fear index has an up arrow and we are worried what will ultimately happen in washington. in the meantime we are in the thick of burning season and we heard from coca-cola and johnson and johnson and citigroup and "after the bell" there will be more from yahoo!. there's a lot going on on wall street on our sixth anniversary of the fox usiness network. dennis: at the anniversary. a new plan on the table from house republicans making two when you add the one from the senate and we get you covered with the latest on these moves. peter barnes, from the d.c. bureau and what is the latest from congress? >> the senate hasn't finalized their proposal. the house has yet to decide a time they will put their new proposal on the floor. members figuring out if they have enough votes to pass it. here is what came out this morning extending the debt limit to february 7th, it would end the extraordinary measures that allow the treasury department to take the debt ceiling and extend it by holding on to reinvestments. we had the debt ceiling in may and operating under extraordinary measures ever since. it fund the government until january 15th, and involve obamacare income verification, unless there is an income verification in place and ends congressional and some administration obamacare subsidies. that is something house republicans are going to try to advance later today, send that to the senate, something the senate majority leader harry reid says it is disappointing because it is just house speaker john boehner appeasing his tea party members. we are not sure this can get through the house but if it does get through the house it actually does get things moving in the sense that allows the sennte to amend something and send it over but we are talking doing this, this is all legislative maneuvering that should have been done last week. we are getting awfully close with legislative time required, we may be beyond the october 17th deadline. dennis: that is why i put melodrama back in basic legislation. we are counting down the hours to the thursday 5:00 eastern deadline. what happened at 5:0 one if we don't have a deal? >> may be noth officially the only thing thaa happens at 5:0 one fears a is the extraordinary measures rich just mentioned, cash management gimmicks the treasury has been using to keep the cash coming in since may when it first hit the debt ceiling expire or exhausted at 5:00 on fears they but treasury says it will still have $30 billion in the bank that day and the bank is the fed and will be able to keep paying some bills so what happens next after the 5:00 deadline on thursday it depends on actual cash flows and cash management of the treasury. the congressional budget office says the drop did date for a treasury is between october 22nd next tuesday and the end of the month. the cbo announce the government spends $10 billion a day and received approximately $7 billion a day in tax revenues, but also notes it does have some big payments coming up after october 22nd. twelve billion dollars in social security benefits though there are some other ones. the actual deadline for really hitting the debt ceiling might be after this thursday. we will have to watch it. dennis: not so much. rich edson over to you. i had thought it was constitutionally required that bills have to begin in the house of representatives but the senate is feeling betrayed by the fact that house republicans are starting their own bill. why is that so offensive? >> constitutionally revenue bills must generate in the house of representatives but the senate has discovered a way around that. what they do is you send over a revenue bill, the house does this all the time, any time it passes something it is sent to the senate. the senate can take the language and swap it out with the debt ceiling agreement and send it back to the house. you already have a number of revenue bills on the senate. this could be dealing with minor tax that no one ever heard of and you can swap out the entire guts of that bill and send it back to the house so procedurally there are ways that the u.s. senate can do this and that is the question. the house can send something over today with something known as a message on it and that could help the action for the procedural hurdles. basically in a way what the house is doing, can help the senate fast track any agreement they reached and we still don't have anything on an agreement in the u.s. senate. they are still going through this and house republicans, some of them think by putting out this proposal influences the senate negotiations. all that might play out today. dennis: stay tuned. thank you very much, rich edson and peter barnes. cheryl: let's bring in christian dorsey from washington and chad morganlander from stifle nicholas joining us today. i want to start with you. the devil is in the details. i want to bring our viewers to where we stand, here's what the house wants. everybody has to have obamacare, the cabinet, two year medical device tax suspension. basically we wait two years and income verification on january 15th. what do you make of what the house is proposing right now? >> the house is trying to find a way to save face. this all began with an assault on the affordable care act they are trying to find some way of getting some concessions in those areas but again this would be something that would require the president to actually act on his position that he won't allow that act to be used as ransom for congress doing its job and i have been willing to call president obama to task for things i feel are wrong in this instance i feel the is right. is wrong for house republicans to insist on this given that there's a bipartisan framework emerging in the senate that reflects the way forward but doesn't include all that. cheryl: i am not sure john boehner has the support in the house that he needs at this point and that is bipartisan. the debt limit, part of the house plan is to extend the debt limit until february 7th. i can if you will. the debt limit, the biggest concern you had from a market perspective we ssw the dow entered a chart incredible volatility based on what we're seeing out of washington the italian feeling? >> i want to wish fox business happy birthday. the second thing is the likelihood is they will have the and there is going to be perhaps the proverbial kick the can down the road. we are focused on what the fiscal drag will be once they go into those negotiations. cheryl: how do you know that? we don't have any economic data. >> the government is going to get a deal done. that is a certainty. they are not going to blow up the u.s. economy or stress out the financial system so that is our best effort and what we are leaning towards. when it comes to next year after it they go through the budget negotiations the real focus is on what exactly the fiscal drag will be when you get into that procedure and also what exactly the u.s. economy will look like in 2014. that is the key focus and we think the economy will grow around 2%. so markets are not reacting where they are plunging. cheryl: they are going day-to-day. we are getting a lot of opinions. >> we are only 2% off of fire right now and interest rates are not spiking. it is a round 2.72% so there is a complacency within the market and what investors need to do and what we are doing in our portfolio is not only looking at the short run but intermediate run 12 to 18 months out we are seeing the economy growing. cheryl: let me take something to christian because when you talk about the debt ceiling and the ratings agencies, so far have been fairly hands of. that was the comment, rating agencies talking about a downgrading as as early as tonight. hal this is with fitch and moody's i can't tell you debt that is what we are hearing. what do you make of that? >> the prevailing wisdom is what chad talked about. at some point sanity will prevail. there's an optimism that that will be the case. with a much optimism surrounding potential avenues for a deal with this extends into tomorrow and we are no further, no closer than we are right now i think we will see markets respond in a very tumultuous way and ratings agencies will begin to revisit their thinking that at some point seen heads will prevail so this becomes pretty critical, pretty mission critical in the next 24 hours. cheryl: moody's is telling fox business they will not comment on senator reid at statements. not willing to comment on the inflammatory comments from senator reid on the floor. thank you very much. one of our shot participants, congratulations to you. we're in the final rounds of you fought a good fight. dennis: what is bugging me key to the medical device tax, two of the more destructive and wrongheaded component of obamacare and that is saying something. a new tax on american made innovation to fund a government program that is going bankrupt. brilliant use of capital, most taxes get a cut of the profits, what is left after you cover your costs but this tax scams 2.3% of all revenue and equipmentmaker. mri scanners, pacemakers, tax on revenue, not just profits. profit margins in high-tech hardware can be frightfully thin less than 5%. this cuts that in half. one ceo said it would wipe out any profit growth at her firm and for what? to raise less than $30 billion over ten years to fund medicare which faces a $34 trillion hole over the next 75 years. that is a drop in the bucket, about it the size of the grand canyon. why didn't the drug industry get slapped with a tax like this? better lobbyists. this is a stupid tax, repeals that. should congress killed a medical device tax? your answers later in the show, your turn to weigh in. tweet us@dennis kneale. cheryl: shutdown showdown on capitol hill. we will keep you up-to-date on the latest from washington as the united states may be closer to a default or a deal. dennis: fast food surveillance, major gathering data on you in the grocery store aisles. we will tell you how but first let's look at interviews. life's an adventure when you're with her. and i. it could be a question but of blood flow.dysfunction - hes you be ready anytimeily use the moment's right. you can be more confident in your ability to be ready. and the sa cialis is the only dly ed blet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor aut all your medical and ask if your heart is healthy enou for sexuaactivity.s, do not take cialis if you take nitrates for est pain, as do not drink alcoholfe droin excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting more than 4 hours. if you have any sudden decase or loss in hearing or vision, or iswelling of the lips, reactongue or throat,h, hives, or difficulty breathing or sllowing, stop takg cialis and get medical help right away. ask your doctor out cialis for daily use and a 30-tablet free trial. ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousd of us investing billions... in everything from the best experiences below... to thehe finest comforts above. we're not simply saluting story... we're making i peace of mind is important when so we provide it services you bucan rely on. with centurylink as your trued it partner, you'll experience reliable uptime for the network andservi. multi-layered security solutions keep your information safe, and secure. and responsive dedicated support meets your needs, and eases your mind. centurylink. your link to what's next. cheryl: we are down 52 points barely of obsessional love. we will show you a company we are watching "after the bell," stock is down a penny, but important to show you a couple things around intel, earnings coming "after the bell," earnings per-share, expectation is up $0.53 revenue, $13,460,000,000. what is interesting is the last quarter when they came out the forecast had to lower the forecast because of weaker pc demand in the pc market and this is a problem for this company because they have to shift to smart phones and tablets, that has been hurting them. that is where we're talking about and as you did the stock over the last few years, and this is myself and david asman "after the bell" the bidding from intel the ceo will be on. on the numbers. is quarter after the hour stocks with nicole petallides. nicole: keeping an eye on earnings. and keeping an eye on the names that are reported in the last 24 hours some of which are dow components with johnson and johnson. coca-cola came out with good sales numbers, profits on the rise, johnson and johnson doing well with prescription than raising full-year guidance and that is always a nice piece of news. despite the fact we seen bond trading and also mortgages coming down domino's pizza down, earnings jumped but they did miss the analyst estimates for the pizzamaker so dominoes down 4%. back to you. cheryl: busy day for earnings. dennis: a creepy wait to see that shoppers have it, rolling out high-tech sensors for store shelves in 2015. with the help of microsoft's connect controller this will scan the basic facial features of the stack fire to determine age and sex and track buying habits by demographic group. when you buy your next bag of chips or ritz crackers the insurer will wave and smile. take a look at shares of snack-food giant doing almost nothing. the walking dead smashing ratings in its season premiere meeting breaking bad in the dust. cheryl: the shutdown halting government economic reports but as a holiday season approaches six weeks ago, actually less, we have one report that will provide a crucial look at the consumer, the numbers are staggering. you will want to stick around for that. we will look at the world's currencies and how the u.s. dollar's performance against currencies around world in the middle of the shutdown fight that is happening in washington. we will be right back. >> 24 minutes past the hour your fox news minute. psc has collected millions of contact lists from personal e-mails and instant messages from around world including those of americans. washington post says the invitation obtained from secret documents from ed snowden and confirmed by senior intelligence officials. the isa is gathering intelligence on their target. and a 7.2 magnitude earthquake in the central philippines has claimed 93. rescue workers struggling to reach people trapped in a partially collapsed hospital. many roads and bridges have been damaged making rescue operations difficult. with government food stamps on a shopping spree for a few hours over the weekend at wal-mart stores in louis sea-tac for a glitch with their benefit card, temporarily remove the spending limit. this interrupted a food stamp service in 17 states. that is your fox news minute. back to you. dennis: time to make money with charles payne and he is looking at a fashion stock. charles: we had the stock because it was up so much and i kept looking at it and i said to myself this is nuts. i didn't own the stock, adjusted as buy or hold and it would be a screaming buy so we about beckoned to it. we getting back into it. they beat the earnings the last four quarters on, a 50%, 25%, the numbers are mind-boggling, no way they can keep up like same-store sales up 27%. same-store sales up 27%, revenue of 54%, margin continue to expand but the guidance is phenomenal, same-store sales could be of 20%. earnings and revenue look absolutely phenomenal. i like the fact the wholesale businesses is starting to come on, retail and wholesale, the nominal margins. time to buy and be an owner. cheryl: it went public two years ago. one of the most successful regional ideas we have had in a decade and in the commercial break, he actually does not hold much of the stock anymore himself but apart from him there's not much insider selling. charles: one insiders sold 7,000 shares. and by the way not a big short position on this despite the big move. will go to new highs. gerri: they want to go public now. charles: jacobs i think. cheryl: retailers speaking of retailers let's keep this going, feeling the heat, falling consumer confidence forensic fears of early the shopping season. we have numbers to bring you. connell: i'm not afraid. charles: netflix letting the cat out of the bag too early. reports of the coming deal with comcast made be oversold. let's look at the winners on the s&p and maybe loser or two. it's a growing trend in business: do more with ls with less energy.hp is he. soon, the world's mo intelligent servers, designed by hp, will give ups over twice the performance, using forty percent less energy. multiply that across or a thousand locations, and ey'll provide the sa benefit to the envirment as over 60,000 trees. th's a trend we can all get behind. help the gulf when we made recover and learn the gulf, bp om what happeneds: so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater wl cap and a state-of-the-art monitoring center, whe experts wah over all drilling activity twenty-four-sev. and we're sharing what we've learned, wahso we n all produce actenergy me safely.-sev. our commitment has never been stronger. except when it's too cold. like the last three weekends. asthma doesn't affe my job... you missed the meeting again last week! it doesn't affect mfamily. your coughing woke me up again. i wish you'd take me to the park. i don't use my rescue inhaler lot... depends on what you mean by a lot. coping with asma isn't controlling it. test your level of controlt asthma.com, then talk to your doctor. there may be moryou could do for your asthma. >> we have your latest developments in washington. harry reid said he was blindsided by the new proposal. this comes in the face of a senate negotiations. the house proposal with the president come up vice president, congressional lawmakers on obamacare. what is good for the goose, good for the gander. house speaker john boehner says he is working to gain bipartisan support for his plan. blackberry taking its case to the papers, literally. nicole: it is down slightly right now. they went out to 30 publications trying to convince the sooners, do not abandon us now. we will continue to follow that story. obviously, they have been losing market share to apple and the like. washington is down 49 points on the dow jones industrial. johnson and johnson, walmart, coca-cola, some of the winners on the dow jones industrial average. back to you. cheryl: consumer confidence dropping to a near two-year low. retailers are concerned. we have a group that tracks consumer shopping plans here. some are only retail sales data we will get during the shutdown. >> it started even before the shutdown. basically when the fed started to talk about the tapering. >> july, august? >> july, august. we have been declining. cheryl: let's dig into this. mastercard is everywhere. four september retail sales, down 3% year-over-year. >> that is correct. from the data you are seeing now, i would go ahead and gander that we will see more of a decline. >> people need to feel confident. most important thing is that they feel that on an ongoing basis so that when they go shopping they actually actualize that. we are seeing very much a need versus want spending. using categories like grocery and restaurant and thing like that, overall, apparel, for example, being challenged because there is a need versus want. cheryl: so if i bought my daughter shoes, they may get one versus two. >> we had printed a higher number . during the height and fiscal cliff negotiations, we sought every category go negative. home goods was down. the housing market has been a little volatile. maybe that is a connection there. we saw the turn in the housing recovery back in february 203. we saw hardware and furniture and furnishings being higher. that number now has actually declined significantly below. i would say that the increase in rates and prices has actually sort of seated out. cheryl: ur all i pretty much have right now. we do not have any government data to pass anything on. the one thing that i did find interesting is you that e-commerce was higher. >> the american consumer is clearly comfortable moving in and omni- channel environment. they will go online and purchase it our data shows that prices do not actually declined online as much as they do in the brick and mortar store. people go one or two sites and shop and purchase. when you are in the mall, it you go to multiple stores. cheryl: gaspar's are down. that does not really a quite either. >> that is correct. cheryl: think. i wish it was more positive. >> thank you. dennis: online giant, yahoo!, google, ebay. we have the numbers ahead. cheryl: and other dry ice explosion ported at lax airport. i want to take a look at the treasury market. ♪ (vo) you are a business pro. maestro of project management. baron of the build-out. you need a permit... to be thiswesome. and you...rent from national. because only national lets you chooseny car in the aisle... and go you can even take a full-size or abovmid-size price.y the (aaron) purrrft. (vo) meee-ow, business pro. meee-ow. go national. go like a pro. ♪ tracy: i am tracy byrnes with your fox business brief. richard fisher says he sees no tapering this month. he is a critic of the qe program. it is not imply. next fed meeting is scheduled for october 29. walmart president and ceo says that the government shutdown is on the minds of u.s. customers. we are in a tough and unpredictable environment. fedex is adding its huge buyback program. buying up an additional 32 shares. that is the latest from the fox business network. giving you the power to prosper. ♪ cheryl: we are keeping you up to the minute on the debt fight in washington. harry reid said he was blindsided by the new proposal that republicans brought up this morning. harry reid says they are making progress. what is good for the goose is good for the gander. the house plan would also delay the tax on medical devices for two years. that was something that was taken off of the table. the house speaker does not have the support to get this measure through the house. we are awaiting at the white house a briefing from jay carney. we will be watching those comments. we will see what the press secretary has to say about all of the ping-ponging, as you can call it. we are standing by for a live briefing. dennis: earnings are one of the few things the markets can count on. technology started to take center stage. ebay, google will follow later this week. let's get to scott kessler. thank you for being with us. overall, what are you thinking? >> the way we are thinking about it is basically the q3 typically is a seasonably weak quarter. it is a quarter that contributes the least in terms of revenues and earnings. on the other hand, it is fair to say that guidance was pretty conservative as companies talk during the second quarter results. we would argue that given what is going on and you have been reporting about washington and some of the issues there, the results may be impacted. importantly, we think that the forward outlook could be impacted. dennis: let's run through some stocks here. let's start with intel. of the four, you have the by on only one of them. that is intel. >> it does not mean that intel cannot benefit as a result of other purchases that are made. dennis: we have breaking news. jay carney. we have to go there. thank you for being with us. >> before i take your questions, earlier today, the president was briefed by senior staff on the of facts, the so-called shutdown. among the items that he was briefed on, was the fact that small businesses are feeling the impact of shutdowns as keith. due to the shutdown, as you know now, in its 15th day, the sba cannot approve new loans. the small business administration approves loans to more than 4000 small businesses. halting these represents over $1 billion in lost loan assistance to small businesses. thereby jeopardizing thousands of jobs. again, another consequence of the wholly unnecessary, completely manufactured crisis that is doing harm to our economy. harm to our small businesses and was brought about by, you know, one faction of one party by one house making ideological demands and thereby shutting down the government. with that, i take your questions. [inaudible question] >> the president is pleased with the progress we have seen in the senate. it is important to note that the process that has been undertaken in the senate is bipartisan. democrats and republicans have been engaging on this issue. it is all built around the fundamental premise that we should not have shut down the government. we should reopen the government. we have to make sure that the united states pays its bills on time like we always have. we are pleased with the progress. i refer you to senate leaders for the status of those discussions. we certainly leave that there is a potential there for a resolution to this unnecessary manufactured crisis that can allow us to get back to the important business of helping grow the economy, create jobs and taking action to improve the lives of middle-class americans that elected officials were sent here to do. cheryl: we have been listening to jay carney at the white house. certainly with all the back-and-forth going on right now between the senate and the house and the ping-ponging of where we will be. dennis: emphasis on the back and forth. all you can -- whatever site comes up. they are all saying the same thing over and over again. they will settle this in time. cheryl: it looks like the president will be at least meeting with house democrats later today. anyway, we shall see. markets are following this. a lot of volatility. we also has phil flynn. he is in the trading pits of the cme. what we had was a lot of volatility in the chart. you saw it, you were there. you tell me what you thought. >> that is exactly it. it just shows you how fragile this market is. any comments, any news briefing, anything to grab your hands on. we have ping-pong back and forth. he said, she said, mom and dad are fighting. nobody knows what to put their hands on. we have two opposite parties not even wanting to look at each other. now, it seems like there may be a little bit over traction there. they will fix this. it is a question of when. it may be a day or two after. let's not panic and overreact to this. this market should have gotten slammed 500 points. it did not. the market seems to be okay at this point right now to hold up to this news. cheryl: if you listen to harry reid, he was talking about the fact that they will downgrade. the rating agencies are telling fox business no comments. still, we are less than 48 hours away from what secretary lou tells us is the deadline. how seriously, do we take that? >> the last time we were talking about a possible downgrade of the u.s., the stock market started to crash. really, right now, we are seeing a little bit more fear. you are seeing the gold hit a six-month low when we had a deal. now we have no deal. we are rallying back off that well just a little bit. the markets are definitely reacting to this a little bit. maybe bad news is starting to be good news for the stock market. the more we talk about this, the more chance we will see any type of pullback on quantitative easing anytime soon. cheryl: phil flynn, jonathan, thank you very much. appreciate it. dennis: netflix, is it overselling its new cable crush? comcast. one source telling me comcast is more likely to strike a deal first with rival streamers. the big bang theory and big bucks fetches the highest at prices in all of television except for football. big bang theory it's more than $326,000 for a 30 second spot. lastly, zombies rule. amc networks, the walking that that is the most watched cable network ever. 55% more viewers than the audience that tuned in for the much touted finale of breaking bad. should congress killed the medical device tax? your responses coming up after the break. ♪ dennis: i say that congress should killed the new medical device tax. >> yes, the tax will hurt innovation. congress knew that when they voted for obamacare. only big business cares about this device maker. not just yes to the device tax repeal, but hell yes. to fund the whole affordable care act. kill it and the other 18 tax code changes. cheryl: another day closer to the debt ceiling. another deal on the table from house republicans. former senior fed economist to the u.s. treasury. on what congress can get its act together in two days. dennis: investors beware. david joy on why he is not putting money in this market. ♪ in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed ♪ [ indistinct talki continues ] [ me announcer ] so the magic shl went back to being a...shell. get live squawks right in your trading atform with thk or swim from td ameritrade. get live squawks right in your trading atform they're the days to take care of business.. when possibilities bome reality. with centurylink as your trusted partner, our visionary cloud infrastructu and global broadband network free you to focus on what matters. with custom communications solutions and responsive, dedicated support, we constantly evolve to meet your needs. every day of the week. centurylink® your link to what's next. >> okay, it is breaking news. far from a deal, that how the white house describes progress on capitol hill. lori: house republicans floating on plan to reopen the government and raise the debt ceiling. even as they praise progress on their deal. so are we back to deal one? adam: wall street does not want to be left holding the bag on this one. as uneasy semesters sell billions in treasuries. lori: chief market strategist on why now may not be the best time to put more money into this market. adam: tim cook recruiting seasoned executives to fill the gap in the tech giant retail operations. lori: blackberr blackberry sayst going anywhere. despite those assurances may have missed too little details. okay, everybody. let's get to it. house republicans pushing a plan of their own to raise the debt ceiling even if the senate says its plan is starting to gain traction. rich edson covering it all from capitol ill. latest for us. rich: the house g.o.p. floating the plan and it is now clear they do not have the support of enough republican members to get that plan through the house this morning. for house republicans it is back to square one. they'rthey are looking at this t right now. part of the issue is even if they could pass their proposal it is facing strong opposition in the senate. >> house republican leadership's plan that is now out, it is a plan for extreme piece of legislationnand it is noohing more than a blatant attack on bipartisanship w. ridge: the white house acknowledging we are far from a debt ceiling. between the top republicans, top democrat in the u.s. senate which in some kind of a deal acceptable to the number of republicans in the house and enough to get it through, but that plan house republicans floated this morning appears it is now done with. republicans falling short of enough votes to get that through the

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