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Transcripts For FBC Markets Now 20131010

at d.c. and a 200 point gain. lauren simonetti at the stock exchange with more. at the height of the session the dow was climbing 215 points and investors playing defense. nine sectors we watch in the green led by financials, and utilities. we have the vix down a little bit, down a lot of around 17. gold prices down as well. this is a market where people want to buy deeply oversold market. connell: the breaking news this morning, exclusive from rich edson reporting on capitol hill lane new offer by house republicans to avoid government default potentially. dagen: rich edson oliver has the details. peter: here s the house gop offer, a dazzling increase to november 22nd barring treasury from using any extraordinary measures and requires a budget conference, still have to see if the house is able to pass this thing. democrats say republicans have been blocking a conference negotiations all along so that is the offer republicans will get to the president later today and treasur

Transcripts For FBC Markets Now 20131010

the level is 16.67. down more than 15%. yesterday, the vix hit 21. it has certainly calmed down. hoping for a coup by jan moment in washington, d.c. lori: let s get more on that partisan logjam. it is finally showing signs of easing. rich edson with his exclusive reporting. rich: house republicans will present president obama with an offer. if bars treasury from extending that. he is taking nothing off the table. it is time for leadership. it is time for negotiations and this conversation to begin. i would hope that the president would look at this as an opportunity. rich: jackboot disagrees. i think prioritization is just default by another name. it is just saying that we will default on some of our obligations. by definition, if we do not have enough money, we will be in default on our obligation. rich: he also says it would be difficult to reprogram computers to pay some bills, but not all. lori: we want to go into peter s report. what is the take at the white house?

Transcripts For FBC Markets Now 20131021

let s start at the new york stock exchange. nicole: good morning. thank you, sir. i appreciate it. let s talk about what we are seeing here on wall street. the dow jones industrials are down 28 points. we see the nasdaq is managing to squeeze out a game. johnson & johnson, walmart, boeing, procter and gamble are weighed on the dow. we are also keeping an eye on mcdonald s. they came out with quarterly numbers. the comp sales abroad were weaker. mcdonald s has a down arrow right now. back to you. connell: thank you very much. dagen: president obama expected to speak about 25 minutes from now. connell: rejected is that the white house today. rich: the president should be speaking about a half hour right now. they will not say how many people have actually signed up and got them through and been successful with this. we are not sure what ramifications will become of this. now that the government shutdown is over, the issue of these online marketplaces are back at the forefront.

Transcripts For FBC Markets Now 20131021

3925. we got in our existing home sales numbers. we did see, we did see the markets moving on that. as i said right back to the unchanged line of the we continue to follow earnings and we made it through a lot of our older stories such as government shutdown and the like. tomorrow we ll focus on the monthly jobs reports. of course report and we focus on earnings and watching both mcdonald s and hasbro on the heels of their numbers. mcdonald s came in and turned out their quarterly revenue missed. they had improved u.s. sales but abroad the global numbers were weaker. that is why they did not do as well as hoped. hasbro on the move. new high which is worth noting but strength outside the u.s. but not necessarily here at home or canada or australia. looking former to transformers and spider-man. transformers and spider-man , the movies. adam: thanks very much, nicole. lori: the debt crisis is for now out of the way. our next guest urging investor turn their attention what

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