today. after what s been a rough week, we are looking for a positive action. let s take a look at the 10-year yield. are we around 2.6, somewhere in there? 2.64. and let s head to our road map now as well. where does it start? where would you expect? twitter filing for $1 billion initial public offering. the ticker symbol twtr. the filing reveals the company not yet profitable. so is it worth an investment. and without job support today, markets will have to watch washington to see whether there s any end in sight for the government shutdown now in its fourth day. and look out apple. samsung predicting a a record profit for the fourth quarter as it releases its new galaxy smartwatch in the u.s. and a massive spread in usa today, which we ll get to later. let s start with twitter, of course, which has unveiled its highly anticipated initial public offering plan. julia boorstin is outside twitter headquarters in san francisco. ooh, the wind is blowing, your hair looks v
hear that. you can always hear that. bob sa pa san any, one week down. what do you think happens in the stock market? a stock market believes the deal will be made in the next several days. certainly before the punitive october 17th deadline. take a look at the dow. it wasn t a pretty or magnificent market, but the bottom line is, we ended on the plus side two to one advancing declining stocks. volume is light. no one is watching volume. everyone is watching washington right now. bottom line, smooth and steady as she goes. watch the ten-year. it s been rock solid around 2.6%. as long as that s not going crazy, the rest of the market is steady. the vix elevated a little where it was earlier in the week but nothing like back in june. bottom line, still pretty steady as well. interest rate sensitive stocks have had a tough time all week. that area is a little rocky. reits down a little, home builders also to the downside. a brand name ipo, the fourth one this week. p potbell
technology hard hit today. one of the leadership groups on the downside. 3770 on the nasdaq. s&p 500 down 14 points, almost 1% lower, at 1676. the dow and the s&p extending the week s losses. bob pisani, it got bad at the end. what happened from your standpoint? the volume picked up a little bit. we talked about how complacent the markets have been. it was interesting to see this drift lower here at the close. particularly with the vix moving well up over 19. let s take a look at the s&p. 1674 was the low right after the market opened. we went up maybe 1684 in the middle of the day. and pretty steady. and then just in the last 25 minutes or so, drifted lower. we re only two points above the lows for the day. that s pretty good on an intraday basis. take a look at economic sensitive. cyclicals were generally weaker. footbal financials were a notable weakness, as well as financial stocks. i asked, why is abercrombie down, macy s, gap down. i didn t hear anything in particular
10-year note. we hear that miners are dragging down the ftse. data from china was showing a slowdown in services sector growth. in germany, manufacturing orders below expectations, falling in august. that was the second consecutive month that we saw them. that surprised me. let s get to our road map. schultz is urging fellow ceos to turn up the heat. and jcpenney said it s seeing signs of a turn around or that its strategy is working. and the long good-bye. we re going to read you excerpts from steve ballmer s letter. it s a good-bye now. the government shutdown and the debt limit battle also now dominating wall street s attention. president obama continues to call on the thousands vote immediately on ending the shut down. house speaker john boehner still insisting the government agree to talk about changes in health care reform or the obama care law as it s known and also broader budget issues. this is now we re nine days away from the debt ceiling deadline. this morni
continuing his policies. yellen is expected to be confirmed by the senate, although she has her critics on capitol hill. senator corker will be our special guests coming up at 8:00 a.m. eastern time. the other major story out of washington, it is day night of the government shutdown. president obama and speaker boehner trading words once again yesterday. a very briefly phone call where they basically figured out they had nothing to say to each other. . the uncertainty was enough to send stocks down about 160 points for the dow industrials. futures are indicating a bit of a bounceback. do i dow features up by about 48 points. we will see what happens as we get into the trading day. it is the very short-term treasuries that people have been watching very closely. we re going to talk more about this with mark a little later this hour. andrew. thank you. on this very topic, a number of individuals in countries and organizations continue to speak out about the situation in was