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congress will raise the debt ceiling by the october 17th deadline. monday the dow fell 137 points the nasdaq lost 38 and the s&p 15. gold added $13 dollars and oil lost 71 cents. treasury secretary jack lew is scheduled to testify on capitol hill thursday about the dangers of failing to increase the debt limit so the nation can pay its bills. and the madoff 5 go on trial today.the are 5 employees who worked in the bernie madoff s inner circle but are pleading not guilty some claim they were unaware of the multi billion dollar ponzi scheme. jim richter of performance trust has his eyes on the bond market for us today. good morning. is the bond market on edge over this government shutdown? or is it not that big of a deal. > >good morning angie. i would say it s not that big of a deal. over the last week or so since the shutdown, bonds have rallied a little bit over the course of the last week but for the most part there has not been a whole lot of volatility in the bond ....
down 69 centstwitter s first weekly loss.the stock closed down 6.8% for the week.and homeowners in new york and new jersey are already making money on the superbowl by renting space on sites such as homeaway. the big game is feburary 2nd at metlife stadium. let s check in now with scott shellady of trean. joining us now to talk all about the market. good monday morning to you today and of course we are facing a holiday week here, so what do you anticipate as far as as far as volumes in the trading market? > well volumes are going to be thin. we are not open on thursday. it s the end of the month, you have to be careful these quiet markets tend to be volatile and because there s not a lot of selling behind you it s hard to get short. quiet markets tend to gravitate sideways to slightly higher, be careful about getting short because you are going to need that calvary to come in, let you out and then sell it back to you. it s an ominous there and like some good advice. tha ....
feels the end game may be the government is trying to break up jpmorgan and the culture created by jamie dimon. we ll talk about it, dick coming along. a great conversation. always great guest. also, two very special exclusives coming at you. cyprus ceo founder t.j. rodgers is with us. he penned targeting the wealthy kills jobs. and also the head of the chicago mercantile exchange, terry duffy, getting his take on the soft stock market, the fed, bank regulations and a lot more coming up. so many moving parts and pieces. we ll get terry s take on that. and the new buzzword in silicon valley. wearable tech. i mean, there s google glass. and now, apple appears to be gearing up to make a big push into this area based on some new key hires that they have made. but some are doubting that people will actually wear wearable would you wear how about google glass? i think for me, i feel like it might be too much going on. i agree. that, or the smartwatch. not ma ....
and oil slipped $2.18 in earnings after hours.shares of analog devices fell more than 2%. even tough the chip maker beat forecasts and tax software company intuit earnings met expectations with sales topped estimates. and ready to hit the road.triple a predicts 34 million americans will travel this labor day weekend.. the most since the recession. at the sound of the bell it s larry shover of sfg alternatives here to talk about this choppy market. good morning larry. it feels like we have hit very volatile days here. > >we have. it s summertime. we have a lack of liquidity, lack of attendance right now. let s keep in mind -we have three housing numbers coming out. we have pmi s, we have the fed speaking. so really the market s just looking for a new impetus to go one way or the other. > >not to mention, these retailers reporting in really shake up the market as well. what do you we ll expect to hear from say target or lowe s today on the heels of home depot yesterday? ....
this is a large-scale project. the $15 million task involves a minor aesthetic face-lift and a major infrastructure overhaul. water in the pipelines under the street is over 100 years old. reporter: when it s done there will be fewer lanes and wider sidewalks. every ounce of effort is put into making sure the work gets done faster and we re out of here. i m anxious to see the numbers start coming back. reporter: for business owners, they can t wait for the recall costly effect to be over. they can t wait for the costly effect to be over. stores are offering more deals now to get shoppers here on the street. live in burlingame, ryan takeo, kpix 5. now, the work will be done in segments until next summer. merchants are getting one break, though. construction will stop for the new at 6:00 whole foods is hoping to succeed where its competitors could not, in downtown san jose. people in the neighborhood say they could really use a new store. but len ramirez a ....