stephly won the debate. give us a final trade. >> nlw. >> simon. >> buff. >> steve weiss? >> cyh. >> vgk still going higher. >> that's it for us. have a great rest of the day. "power lunch" starts right now. >> "halftime" is over. "power lunch" starts now. >> well, you've heard it 100 times in the last 24 hours. the debt ceiling deadline is two weeks away. what happens to you if we actually hit it? direct answers to a direct question straight ahead. has the united states actually finally achieved energy independence? we have new numbers and some advice on finding opportunities in the new american energy economy. and the burning tesla. the stock is down again on these pictures. what really happened? we just talked to the fire chief in charge of the investigation. we have some answers. tyler's out this week.

simon is my partner today down at the nyse. hi, simon. >> hello, sue. we have a moving situation on the floor here at the new york stock exchange. we were down about 180 points on the dow. we're rapidly coming back now. apparently on a "new york times" report that suggests that house speaker boehner is willing now to go back into negotiations with the white house, with obama, in order to end that threat, yk, that we have not just on the debt of the united states, the debt ceiling, but clearly day three now of the government shutdown. most major assets are in negative territory. the one standout are treasuries which you might say perhaps ironically are rallying, and therefore the yield on the ten-year has come down to 2.6%, more or less, 2.6%. gold is down. oil is down. as you can see. the big reason for that, obviously, are these two deadlines, the debt ceiling and the government shutdown. let's bring in steve liesman for more on that. steve. >> thank you, simon. i want to separate what's known, what we think is possible, and

what is likely here. let's begin with what is known. once you hit the debt ceiling, spending has to hit revenue plus cash on hand. which means government spending will decline by about one-third. that's about $108 billion. the result, the economy contracts. okay. now, what's probable here? a recession. most economists think if you do that and do that for any extended period of time, the economy will go into recession. the dollar could decline. the stock market could decline. interest rates may indeed surge. what is possible here? a global recession as the treasury warning today in a very, very strident report about the possibility of global spillovers and a massive disruption in financial markets. it looks to me, simon, as if the market is coming to the conclusion that this thing may not end quite as nicely as the last time around. nicely being an advised word there. it wasn't plechblt, but it did end well. there's a possibility that this brinksmanship gets spilled over into serious market trouble here.

>> or not. maybe they're back to the table and it's not all about obama care and they can do a deal. let's bring in bob and abigail. abigail, technically where are we on these markets? >> the major indices have been sending troubling, even alarming technical signals for some time. investors clearly do not like this uncertainty of the government shutdown, but really it's the debt ceiling and the pocket that if it is not raised, that we could go into this unprecedented catastrophic effect. what's interesting to me about it is that i've been doing work since june calling it a 2011-style correction, 20%. we've had a sideways range all year. in 2011 this resolve to the down side, 20% correction on the debt ceiling debate right when it was resolved. so even though it was positive then, it still was in negative conclusion for stock markets. >> bob, i want to bring in dominic chu. >> those government shutdown worries in addition to everything else are part of the market decline today. it's playing out specifically in the defense stocks. two of the three worst performers in the dow industrials today, aerospace giants boeing and united

technologies. boeing said jetliner deliveries could be delayed. utx said furloughs will commence starting on monday. so overall, those contractors, lockheed martin, general dynamics, ray ththeon moving, making it the worst performing sector in the s&p 500. back to you. >> let's pick it up with bob pisani. >> the treasury report reference was unusually apocalyptic. let me show you some of the words they used. they used the word "catastrophic" twice in the report. they said it was unprecedented. they called it a self-inflicted wound and the economy could plunge into a recession worse than any seen since the great depression. it could last for a generation. president obama said the markets ought to be a little more worried. i think this was part of the message he was trying to put out there today because that certainly got a lot of people's attention. unusually strong language. >> unless you believe, as we always did, that there was a strong dollar policy and the job

was to actually to convince people that everything will be okay. this is -- in a market sense, this is pure politics, isn't it? >> i don't know that that's the case. this is such an unknown. as lloyd blankfein said, the shutdown has a precedent. the debt ceiling, there is no precedent. we don't know the effect. what's important for investors at home, to remain even despite this bad -- >> the point here is the assumption is they never get to a default. because at the end of the day, they bang their own heads together and they do a deal. that's the point, isn't it? >> i think that's a bad assumption, actually. >> really? >> well, if they can't come together on the government shutdown over obama care, who knows if they'll be able to get there over the debt ceiling. i don't know that we should assume that would be the case. and in 2011 even with they came to an agreement, we still had this massive 20% to 30% correction. >> the breaking news, we've got to go. the breaking thuz is thnews is boehner is going back to the table. sue, back to you.

we're following that still-developing story. we have seen the markets better their position when that "times" headline came out. a sideshow to the debt debate is can wall street get along with the white house? cnbc had two key ex-clclusive interviews on that topic. >> what do you make of this moment where you were here last week negotiating on a major settlement for jpmorgan and now today you're here to talk to the president about a political matter? is that awkward timing? >> no, not for me. >> is it for the white house? >> i doubt it. >> any awkwardness around having jamie dimon in and asking him to help with that effort at the same time he's been this discussions with your attorney general about his bank's legal issues? >> well, keep in mind, this was the financial services group. i talked to the business roundtable a while back. i'm going to talk to any ceo and any company in america about why this is important. >> so is the white house and

jamie dimon's relationship a metaphor for the rest of wall street and the white house? are they friends or enemies? maybe a little bit of both. eamon and josh are both here on the hill. sh jo, what do you make of this? the president says eat reach out to any ceo in america about why this is important, but the timing did, as eamon suggested in his interview, seem a little awkward. >> well, it's probably less awkward than having to deal with a recession caused by the default. so the degrees of awkwardness, this is way less awkward than that. and it's important to remember that their interests are emerging at this moment on getting the government reopened and ensuring that we continue to pay our bills. >> it was interesting, eamon, that all of the ceos that appeared on our air took great pains to say that these were not political discussions. these were discussions about the process and how they could help move the process along. was that your read as well? >> yeah, absolutely, sue. they don't want to be seen as being drawn into any particular partisan ideology here. they want to be seen as sort of high-minded wall street types

who are coming down here to washington to tell these guys to straighten themselves out. but i do want -- speaking of straightening things out, i do want to go back to this "new york times" story if i can, that the market is reacting to right now. i want to tell you that "the new york times" is sourcing this all to one anonymous house republican. what "the times" is saying is boehner has told colleagues that he is determined to prevent a federal default and is willing to pass a measure through a combination of republican and democratic votes. that according to "the new york times" according to one house peb that they have talked to. clearly that is the type of outcome, if that holds up, if that turns out to be true and can be sourced to a broader did he grier of sources here, that's the type of outcome that these wall street chieftains would have liked to have seen yesterday. that's why they came here. >> josh, handicap how you see this proceeding in light of that latest development. >> well, that's a huge positive sign because we're seeing the limits to which speaker boehner's willing to go on this. before that, what we saw was that house republicans did not want to necessarily work with

house democrats in sorting through the shutdown based on the parliamentary procedures they used. if they're willing to work with the democrats to avert a default, that's a good sign. we now know the limits that we hadn't seen before. sploo but does it, eamon, appease those of the tea party who have peg it had all to the affordable care act? >> no, this could cause a problem with boehner with the tea party. if he's working with the democrats, that violates the hastert rule to pass your key pieces of legislation on major issues. this would be boehner saying to the tea party, look. we've gone absolutely to the wall on this. we're not going to default. i'm not willing to go there. a shutdown is one thing. a default is auto entirely a different thing, and i'm willing to change my tactics here. i've got an e-mail into boehner's spokespeople to find out if they're willing to say this on the record or say this in public. >> fantastic. >> but "the times" is saying he he said this privately. we got to bear that out a little

before we leap to too many conclusions. but if it holds, up, it would be dramatically different. >> we'll let you go and work on that. it's interesting, the timing of that statement if, indeed, it is a legitimate one, it came not so long after the treasury came out with its projections of what would happen to the economy if, indeed, we did default. >> good point. >> gentlemen, thank you very much. appreciate it. syme, down to you. ahead in the show, sue, this country overtakes russia as the world's biggest oil and gas producer. are we now energy independent, and what does it mean for the stars and stripes? and one more important question for this country, how should you invest on profit from the new energy economy year?

does the shutdown affect your vetting of the fed nominee in. >> this is one of the most important appointments i make other than the supreme court. so no, the shutdown is not slowing down the vetting. it's important for us to make sure that we're investing in the things that are going to help the economy grow. this constant governing crisis to crisis. we have to stop doing that. >> are you going to watch that ticker as we get closer and

many a market that's down, pvh is moving higher, up over 3% on the session. the apparel company behind big brands like tommy hilfiger and calvin klein agreeing to sell its gh bath shoe brand to clothing maker g-iii for $50 million. trading at an all-time high. the man believed to have directed iran's cyber war

department is dead. iran's republican guard said he disappeared after leaving for work a few days ago and was found with two bullets in his heart. since 2007, five iranian nuclear scientists have been killed. in this case there are reports the killing may have been part of an internal iranian dispute, but it's also, of course, possible that someone outside of iran was behind that killing. in the last few years, iran's been accused of carrying out numerous cyber attacks against saudi arabia's energy industry and also, of course, against american banks. 40 years ago, arab nations began an oil embargo against the united states. >> 5:30 in the moring, there are always 30, 35 cars waiting. in an hour and a half, they're out of gas again for the today. >> 90% of southern california's gas stations were closed today. >> but check out the headline today in "the wall street journal." "u.s. is overtaking russia as largest oil and gas producer." so has the u.s. finally achieved energy independence? dan pickering is co-president at

energy investment. we also have carl larry, president of oil outlooks and opinions. dan, let me start with you. give me the big umbrella look at where we stand now in terms of our energy independence, specifically our oil and gas output. >> sure. our output now is about 22 million barrels a day. equivalent, a little more than half of that is natural gas. the rest of it is oil. it's a pretty remarkable recovery in oil production from just a few years ago driven primarily by shale. so we're importing about 8 million barrels a day still. but dramatic improvement from about 13 million barrels a day a few years ago. >> is it independence, though? i mean, i guess it's a fine point, certainly, but do you agree with those who say that we have now technically become energy independent? >> i don't really think it's fair to say we're energy independent yet. we're still importing almost 8 million barrels a day. even though 3 million barrels a day comes from our neighbors,

ne mexico and canada. we're certainly less dependent than we have been. >> all right. what if we partnered in a more aggressive way with, say, canada? would that change the equation dramatically? >> i don't think it's a dramatic change. i mean, we're still -- we're still importing a lot of oil. and even working with canada as we have been doing for the past decade, we're still, i think, going to fall several million barrels a day, three, four, five years from now. so i think that the issue is becoming less dependent and certainly less dependent on opec and over-the-water crudes is certainly a good thing for energy security and generally for the u.s. consumers. >> i was going to say, obviously this is kind of a win for the consumer. >> absolutely. so we're certainly lowering the volatility of our oil and gas prices and what that translates to is less volatility at the pump, hopefully. and certainly on the natural gas

side, we've basically created a manufacturing renaissance here over the last few years that is going to hold us in good stead as we push ahead. >> carl, let me turn to you now, if i could. dan, thank you so much. >> sure. >> which companies do you think can benefit or are well positioned to benefit from what dan just laid out for us? and do you agree with what he laid out? >> well, i agree with him, definitely, but one of the things that we've not had before is that we're exporting a lot of product, that's gasoline and diesel and jet fuel to the rest of the world. so one of the big benefits -- people that are beenity iffing right now are the refiners. something like phillips 66, psx, they're a good stock. they use a lot of the light sweet crude we're using from shale and getting a lot of product from out on the water. it's not so much we're not importing as much anymore. it's also that we're exporting more and making money off that.

sfwoo wh >> what about the big integrated oil? you mentioned phillips 66, but what about some of the other big integrated oil companies? are they well positioned at this point? some of them have had quite a run. would you consider adding any of those to your portfolio? >> well, sure. the thing here with the integrated oil companies is that they're making money on the domestic oil that they're producing. but they're also making a lot more money -- i'd say about $5, $6 more on a barrel that's being produced elsewhere in other countries that's getting shipped out there. so those are good opportunity, too. obviously we're going to see money from refining, but oil production that goes elsewhere, that's going to help them out, too. >> all right. thank you so much, carl. appreciate it. dan, thank you as well. >> thanks, sue. all right. so let's take a look at an oil chart right now and see how things have been going. dominion resources is down at $62.09 on the trading session. and the last gain in terms of percentage moves was about 19 points. that's one energy stock that's been doing very well this year.

incidentally, "mad money" man jim cramer has a big interview with the company's ceo, dominion ceo tom farrell tonight at 6:00 and 11:00 p.m. eastern time. always entertaining, simon. "mad money," don't miss it. a video showing a tesla car on fire, sending the stock down big. we just spoke to the fire chief handling the investigation just a short while ago. see what he says happened next. plus, day three of the government shutdown. fears now turning, as you've heard, to the debt limit. the treasury saying that a default would trigger a financial crisis and recession worse than 2008. we'll speak with one of president obama's top exec advisers as, of course, it is reported that house speaker boehner is more willing now to do a deal. americans take care of business.

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we are two weeks away from hitting the debt ceiling. gene spurling is director of the national economic council and assistant to the president for economic policy. gene, it's always good to have you with us. welcome. >> well, thank you. >> we have the talking points that you've given us out there, and everybody pretty much knows where you and the white house stand. then this morning the treasury department was pretty crystal clear on the issue as well. they said a default would be unprecedented. and we'd have a recession comparable to the 2008 financial crisis. they said it would be catastrophic. john harwood, as you well know, interviewed the president last night, asking how concerned wall

street should be, even two weeks ahead of the deadline. let's take a listen. >> so i think this time's different. i think they should be concerned. when you have a situation in which a faction is willing potentially to default on u.s. government obligations, then we are in trouble. and if they're willing to do it now, they'll be willing to do it later. >> we were off about 180 points on wall street. we've bettered that position a little bit. but given the volatility that we saw on wall street today, it's obviously starting to take notice. does that give you leverage with the republicans, gene? >> you know, our hope is that what gives us leverage is just the common sense that nobody should want to use the threat of default and doing serious harm to one's own economy as a bargaining chip in budget this ises. you know, this president has

shown time and time again a willingness to negotiate, often face to face with the speaker of the house. he's put his last offer in his last budget, so this president is willing to negotiate on budget issues. that's beyond controversy. what the president is saying is that nobody -- and certainly not a single faction of a single party and a single house and a single branch of government should be able to say, if we don't get our way -- >> right. >> -- we're going to threaten the default of our country, and that is a real issue at this point. >> well, mr. boehner apparently has told republicans -- "the new york times" is reporting anyway -- that he has told some of his republican colleagues that he will not let the fashion default, and that he's determined to prevent that default and is willing to pass a measure through a combination of republican and democratic votes. what's your reaction to that? >> well, what would give me more confidence in that is if he would be willing to allow a vote right now on opening the government. i mean, right now we have a chance to show bipartisanship,

reasonableness. you have a continuing resolution to open the government. it is actually at the republican levels for six weeks. so what majority leader reid offered is highly, highly reasonable. it is understood widely right now that if it was simply put for a vote in the house -- in the house of representatives, it would pass. i think that would be a good start. of course, i would like to think that all of us would decide there will be no more using the threat of default as a bargaining chip in budget negotiations. and so i would very much like to see the speaker of the house make that crystal clear. but so far i do not have -- we have not seen enough evidence of that. and i think that people should rightly be concerned until it is crystal clear that both sides have sworn off forever that kind of threat of default. >> mr. spurling, i'm fascinated that you've now twice drawn our

attention to budget issues. and what we want here is a solution. we want people to be constructive, or most people want a constructive solution. is the fact now that speaker boehner and the gop may be widening the list of things that they'd like to talk about a really important development? because it is no longer about the lightning rod of obama care. and dltherefore, if you divert budgetary issues in order to get to some grand settlement on both of the deadlines, this is progress, isn't it? >> what is progress would be for them to say we are going to open the government. we are going to extend the debt limit so there's lot a threat of default. but having done that, we want to return to serious budget negotiations, which, by the way, we could do right now by simply having both houses appoint conferrees and have a good old-fashioned conference

committee which was the idea and suggestion of the republicans in february of this year. >> mr. spurling, forgive me for interrupting, sir. we have some breaking news specifically on speaker boehner. >> hey, simon, it's eamon javers here in washington. we talked about that "new york times" that moved markets. "the times" reporting that speaker boehner told colleagues that he would be willing to take elm diddic and republican votes in order to prevent a default and saying that he would not allow the united states to default. we've now asked the speaker's office for a comment on that story. we're not getting a denial from speaker boehner's office on this story. here's what we are getting. a statement from the spokesman. speaker boehner has always said that the united states will not default on its debt. but if we're going to raise the debt limit, we need to deal with the drivers of our debt and deficits. that's why we need a bill with cuts and reforms to get our economy moving again. so boehner's office not denying that he's told colleagues that he does not want the yat united

states, won't let it happen and will take both democratic and republican votes to make it happen. >> thank you. gene, is that evidence enough for you? you said you were looking for evidence. does that qualify or not yet? >> no, what will give us confidence is when he makes clear that we are not going to use the threat of default as a negotiating chip for any type of controversial demands. that is what gives you confidence. so what we want to hear right now is that the speaker of the house has agreed that he is going to extend the debt limit. it's going to be a clean extension of the debt limit so nobody is using a threat of default. and that that will then allow democrats and republicans to return to budget negotiations over spending levels, revenues, entitlement reforms, all the things that we should be capable of doing even in divided government without anyone threatening that if they don't get their way, they are going to put the united states into default for the first time in our history.

>> mr. spurling, i can't remember a time ever when not only has the president of the united states, but his treasury secretary gone out to deliberately scare the markets and to say, you should be reacting to this, this is serious, rather than attempting to scare investors, why doesn't the president seek to reassure the creditors of this nation by saying on october the 17th, i will invoke the 14th amendment to unilaterally raise the debt ceiling? >> so the president and the secretary of treasury are simply pointing to something that is actually scary, which is that we have seen a faction of one party of one house of a congress willing to use the threat of default, and they are pointing to something that every president, democrat and republican, every secretary of treasury, every serious financial expert says, which is that if you had a default, it

could be a very, very serious, negative event for the u.s. and the global economy. so all they're doing is calling it like they see it. they're not trying to, you know, stir people up. they're just pointing to a real risk that's out there that we need to avoid. and on the 14th amendment issue, we need to get away from believing there is some easy off-ramp. >> that was going to be my question. >> there is no 14th -- the 14th amendment does not give the president of the united states the ability to unilaterally, you know, borrow -- and by the way, even if you did something that questionable, what would -- you would need all of the global financial markets to not be shaken by the spector of the united states government speaking to borrow money with a cloud of legal fuzziness over it. we believe that that would create a very serious loss of

confidence that would have a lot of the same harm that a technic technic technical default would have. >> are you ruling out categorically the use of the 14th amendment? >> our legal counsel has been crystal clear that the 14th amendment does not give the president of the united states the authority to unilaterally raise the debt without congress. and secondly, that for us to try to actually have an auction to borrow under a cloud of dramatic, dramatic legal uncertainty would likely shake markets and shake confidence in our system in much the same way that an actual default is. so one, this cure does not exist. and two, if someone tried to make it exist, it could be very well be nearly as bad as the disease you were trying to correct. >> you know, gene, as simon

suggested, perhaps with these latest developments from the speaker, the discussion is moving away from the affordable care act. but the president has said that he is willing to negotiate on anything other than the affordable care act. but specifically, what would be on the table from the president's point of view? what is he able to consider? and would he be willing to negotiate some changes to the aca in order to perhaps improve it but not dismantle it? could that be a starting point? >> so i think the important thing is to understand the sequence here. the president has always said that he is willing to negotiate on the budget. and he has engaged in serious -- we've actually brought down the deficit by $2.5 trillion, and he's been engaged in serious discussions over the last year to have even more long-term deficit reduction in a way that's pro-growth and pro-jobs. so he's always been willing to do that. secondly, he's always made clear that if people wanted to work with him on strengthening the

affordable care act, in other words, making modifications that were designed to make it stronger, that he is an open-minded, reasonable person who'd be more than willing to listen and engage in that and make actual reforms. what he has said, however, is that has to -- both of those negotiations have to be done outside of the threat of default. we're not going to do those negotiations with a gun to our heads. so what the speaker needs to do is pass -- extend the debt limit, take away the threat of default, and then you will see this president, as always, willing to negotiate on the budget and willing to negotiate on how one could reform but strengthen the affordable care act. but not under a cloud where if people don't get exactly what they want, they're willing to play the card of putting our country into gadefault. the president's not going to do that. he's been crystal clear, and nothing has changed. >> financial markets are starting to become more

volatile. and we saw that specifically in the shortest end of the yield curve with the t-bills that are due to expire on october 14th. there was a big move in yields on that point. would the president consider asking mr. bernanke to stay on through those negotiations as we get closer to the debt limit, or would he then accelerate the new choice for fed chief? where does that discussion stand given the fact that volatility in the markets are starting to pick up? >> what the president -- what you need to do, to deal with that volatility, is not about a communication to the federal reserve. it is about a communication to the speaker of the house to make clear that he is willing to pass a clean extension of our debt limit and take away the threat of default. that is the singular move that will bring greater economic certainty to those who invest in the u.s. and global markets and those who make plans about increasing -- expanding their businesses and creating jobs. that is the source of the certainty we need. >> gene spurling, gene, always a

pleasure to have you with us. thanks for joining us. gene spur leng is director of the national council of economic advisors. simon. we're now down 105 points on the dow. we have retraced about 30 points since eamon reported that boehner doesn't deny a report that he will not allow this country to default and is seeking further negotiations with the white house. in the meantime, take a look at this shocking video. it's a tesla on fire in a seattle suburb. a bystander caught this amazing footage. and look at this chart. tesla shares have fallen nearly 12% since the video hit youtube yesterday afternoon. this is the worst two-day decline for the stock since july 16th. right now the stock is down 10 bucks, or about 6%. cnbc's automotive reporter, phil lebeau, has more. phil. >> simon, that video is getting a lot of attention, rightfully so. spectacular pictures. let's point out that the person driving that model, they were not injured in this incident. exactly what happened according

to tesla is that the 2012 model "s" was going down the highway in kent, washington, a suburb of seattle, when they hit a large metallic object in the road. exactly what they hit is unclear at this point. tesla says the fire was then started in the battery compartment. the company says because each module within the battery pack by design isolated to limit potential damage, the fire in the battery pack was contained to a small section in the front of the vehicle and did not, again, it did not enter the cabin of the vehicle. and again, the driver got out unharmed in this case. again, take a look at shares of tesla this week. this is the worst two-day period since july 16th. we should point out that yesterday there was a downgrade, and that started the shares moving lower. today out with a noteregarding tesla and this model "s." this says this report, talking about the fire, is a negative

not only for tesla but for all global automakers offering hybrid vehicles with electric batteries. however, given early stages of growth, we believer consumer perception remains far more critical to tesla than to its peers. keep in mind, tesla is now in possession of the model "s" that was burned. they are taking a look at this vehicle. if they have further updates regarding exactly what happened, they certainly will be providing that in the next couple of days. it says that this is the first model "s" fire ever reported. simon and sue, those pictures and that video getting a lot of attention today, particularly because you have such a high short interest in this stock, and a lot of people are saying is this going to be enough to push the stock even further down? right now trading at just over $170. guys, back to you. >> one of the great trades of 2013. phil, thank you very much for that. let's get to the bond market. where bonds have begun to fall as the stock market's cut its gains. rick, fill us in. >> reporter: well, if you look at the intraday chart, can you clearly see that considering all

the vernacular, words out there, statements from the treasury, it's still pretty amazing that we're down one basis point on the day on the ten, two base points on a five. and the five has actually been a little more volatile despite its placement on the yield curve. the real action continues to be the slow unraveling for many months on the dollar index. now hovering at a fresh low going back to february and getting reasonably close to testing the lowest levels for the year. sue, back to you. >> rick, thank you very much. as you probably know, it is day three of the affordable care act, commonly referred to as obama care. there are some glitches on the government's website exchanges that are persisting. it's a big mess for many states. we're live in pennsylvania. and business in had the washington area benefiting big time in some cases from the shutdown. we'll tell you that part of the story when "power lunch" comes back in two. we're well off of our lows of the day, just down about 100 points now on the dow jones industrial average. capital to make it happen?

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>> reporter: welcome back to

"power lunch." i'm bertha coombs. despite delays, hospitals seem to be doing their very best to try. health officials say healthcare.gov, the federal exchange, has so far seen 7 million unique users since october 1st. they've cut their waiting volumes by one-third, and they say they've conducted about 170,000 web chats. and the wait times on those are down 50% to only about two minutes. but from maryland to new york and other state exchanges, many officials are suggesting that people should go through the call centers. oftentimes those staffers have back-end ability to help enroll people and help people at least get registered. and that's helping to cut back on some of the wait times. but simon, it's still a glitchy situation. back to you. >> yep. it's a big project. day three of obama care, day three, of course, also of the government shutdown. so who is benefiting? hampton pearson is live in d.c. with more on that.

hi, hampton. >> reporter: hi, simon. well, not exactly benefiting, but in some ways giving back. we're here at "z" burger where at their four locations over the last three days since the shutdown began, they've been giving away 1,500 burgers a day to government employees who show up with their i.d. that's a loss of $30,000 a day in revenue. they're not alone. lots of other businesses offering similar discounts and free services. one of the most unique we found was at a car dealership in nearby silver spring. they're offering to their customers free oil changes and tire rotations and the dealer manager is hitting his target audience in a big way. >> running the paper that they are. given free oil changes and tire rotations, and it's a huge help right now because obviously money is tight. >> we've had a phenomenal year, and it's due in part particularly, it's a direct result of the local work force and our local consumers that have, you know, contributed to the tremendous growth of not

just our store but of the car business in the area. >> reporter: nothing like realizing who your real customers are. the d.c. economy, we're told, is taking at least a $200,000-a-day hit here in the immediate area. they're looking beyond the shutdown, again, then and now. short-term discounts, long-term promotion that perhaps return business. back to you guys. >> make sure you grab a good lunch, hampton. thank you very much. hampton pearson in d.c. "the power house" takes us to sunny tampa. see what facebook's doing well. that's next on "power lunch." so i c an reach ally bank 24/7, but there are no branches? 24/7. i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water.

it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. bank. your money needs an ally. it's as simple as this.

at bny mellon, our business is investments. managing them, moving them, making them work. we oversee 20% of the world's financial assets. and that gives us scale and insight no one else has. investment management combined with investment servicing. bringing the power of investments to people's lives. invested in the world. bny mellon. welcome back to "power lunch." i'm julia boorstin in los angeles. facebook is making a big move into residential real estate, partnering with developer st. anton partners on a $120 million

394-unit complex right down the road from facebook in menlo p k park, an area with very limited and very pricey real estate. 15 units have been set aside. this will have more than studios and one-bedrooms with a sports pub, a pet spa with doggy day care, yoga and what developers call a resort-inspired pool, spa and cabana area as well as a rooftop deck with three themed areas. not only 10% of employees from headquarters, but sue, it could do a lot to help lure and keep employees, but a hard time finding a place to live nearby. "power house" time. this week we go to tampa, florida. kevin freel is a realtor with century 21. welcome. nice to have you here. let's look how the market is faring in tampa. the tampa-st. petersburg and clearwater area all together. the median sales price,

$160,000. this is up 23% year over year. average sale price, about $205,000. average days on the market, 44. 4.4 months of inventory on the market. our first listing in ruskin, florida. taxes about 5k. four bedrooms, three bathrooms, 2500 square feet. tell me about it, kevin. >> it's in east tampa. it's only one year old. and it's in a community where they have ponds, lakes, playground and a community pool. you'll pay a minimal quarterly fee, and that includes cable. but you can't beat this deal. this is perfect for a family of four or five. >> yeah. nice starter home for those who are looking for that. second listing, 3804 barcelona, west street in tampa. list price, $625,000, $3,000 in taxes, five bedrooms, four bathrooms and looks very pretty. >> this house is awesome. it's a builder home.

it has five-inch plank wood floors, on a double lot, 100 x 100 lot, the best high school district? t in the area. a bedroom downstairs for maybe in-laws. there's a bathroom upstairs, a bonus room. the house is huge. it is gorgeous. >> it looks like it's very big and very clean as well. to the power house of the week, 2296 coffee pot boulevard in northeast in st. petersburg, florida. list price is $1.4 million. about $20,000, three bedrooms, three bathrooms and about 3700 square feet. it looks just beautiful, kind of old-world charm from what i can see from it, kevin. and it's on the water. >> this home is amazing. yes. there's water right across the street. you can have a boat dock, boat lift. this is a mediterranean revival built in 1926. the owners have taken amazing great care of it. there's even a screened-in porch

off the master bedroom. six-burner gas range in the gourmet kitchen. there's granite. so much detail and charming character in this home. it's amazing. >> it is beautiful. $1.4 million. kevin, thank you. we were a little short on time because of all the breaking news today, but we'll have you back. >> absolutely. >> simon, down to you. "vanity fair's" new list of power players. the coolest kids in school. two minutes away.

a cancellation of its star-studded opening gala. no word yet on feature performances. some union members earn $400,000 a year. double what some in the orchestra get. if you watched "power lunch" yesterday, you would have known about the strike. but judging by this photo taken by a producer last night, the guy in the tux suit didn't get the memo. >> oh, my goodness. that's just sad. all right. to dom chu for a market flash to amazon. if you're waiting for amazon to release its set top box, your wait to be over. according to a dow jones report, they could release that set top box in time for the holiday shopping season. that's according to sources. now, the device would compete

with current hardware like apple-tv and google-tv. those sources say they've put a mid-november deadline. one of the most highly anticipated "vanity fair eye eye i issues out today. this year's power players are geeks and elite. joining us now is "vanity fair's" betsy lack. how are you? >> i'm good, sue. >> the top five entrants, if you will, in terms of the "vanity fair" list this year, jeff bezos, larry page, tim cook and jonathan ive, mark zuckerberg and elon musk. some of those, i think, would be the logical names to make the list. but the gentleman i want to focus on briefly is jeff bezos. he's number one. and in some ways he's the

ultimate disrupter. you point to his purchase of "the washington post." >> that's right. >> it seems like there's almost nowhere that he can't find opportunity. >> that's it and that's why he's number one. he's been on the list actually almost 15 years. and this is the first time he's number one. and i think the purchase of "the washington post" is indicative of how he leads amazon, which is he looks to the areas that he thinks he can innovate and do something better. and that's what's so exciting to be able to watch him in the newspaper business. but when you see what he's done to retail, publishing and all of those other areas -- >> grocery shopping. >> exactly, grocery shopping. and he's getting into art galleries and all that. i think he, as you said, is the ultimate disrupter. >> right. let's move on to number six. which is hee and his partner at samsung. >> father/son team, yes. >> yeah, father/son team. they basically have revolutionized the smartphone industry, the electronics

industry as well. >> right. and this was an important year for samsung because they have really emerged as a credible challenger to apple. and that's why we put them on the list. and that's why we put them so high because that is not easy to do. >> no. >> and i think more and more you're seeing young people looking at the galaxy and thinking maybe i would try that. so for that we put them on the list and also obviously they sell more smartphones than apple and are highly profitable. they've opened up an innovation center out in silicon valley so they're really ones to watch. >> there were two entrants from twitter. janet dorsey and also dick k costel costello. and i want to bring that up because they're highly anticipated ipo, we probably will get news on that at some point this week. and they seem to be a company that could also be and also have really turned social media on its head. >> that's right. i mean, this is the most highly anticipated ipo since facebook. and everyone's watching it very

closely. and i think dick kcostolo has learned the lessons of facebook. you're right, there's tremendous excitement about twitter, and i think particularly how they are interfacing with television, they've really been able to make their mark and start to really get some revenue in. >> all right, betsy, thank you very much. the november "vanity fair" on sale today. with that, sue, regaining 15,000 on the dow. that does it for us on "power lunch." >> all right. "street signs" will keep forwarding the story. it's up after the break. see you tomorrow.

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it is 2:00 p.m., and we have a selloff on the street. but not as much of a selloff as we had before. we are calling it the boehner bounce. real or not? we don't know yet. but this is how things stand right now p. the dow dipped below 15,000 for the first time in 3 1/2 weeks. it's back above it now. the s&p had the worst week before shaving its losses. here behind me, it's bleeding red for the week. the fear gains as well, the vix is at