>> congress has to shut down the federal government. >> they seem to be unwilling to talk. >> john boehner. >> majority leader harry reid. >> senate democrats. neil: you know, and they wonder why i turn off their lights when they turn into children. welcome, everyone, that is what happens when those who lead us insult us. it was us. and i think that they lose the privilege of being heard by us. that is why i am saying that it

stops. either side, any side goes into a dive about how the other side is to blame for a shutdown is inevitable. i have long had this policy for my viewers here fox business and we really notice during the live to our coverage of this ongoing budget charade, we had an unusual number of battling press conferences in which democrats and republicans were doing this back to back then. i doubt that i would cut their microphones as soon as they started this nonsense and i did. the only thing that surprised me was how quickly they made me do it. this immediately going for the jugular, some of the offices called us out. i argued that i wasn't programming with them but for you. let's just say that i heard a lot from you. thousands of e-mails and tweaked supporting this no-nonsense the name-calling policy.

shut up unless you're offering something up. among you tweeting this, kudos for not getting giving any airtime to government officials on both side of the aisle when it resorts tome-calling. and tina neil cavuto is turning off the microphone when anyone starts the blame game. it's about time. and another thing good for you, no way to have airtime for name-calling and bullying. and bravo, shut down the name callers, they are time wasters and not problem solvers. and how do you do? you are the essence of perfection. i wrote that. anyway, to rich edson on how nothing is getting done except for a lot of name-calling. and how wall street, not washington could ultimately force a deal. what is the latest? >> the latest is basically where we were last week.

and this weekend. all of the statements begin with the opposite party not wanting to do the deal or negotiate. the house this evening passed another deal that would fund this government that is not going to do this. we heard from the white house about possibly being open to passing the short-term debt ceiling increase and a short-term government funding bill. they're our discussions among some senior democrats and senior republicans. but nothing on the leadership level. neil: are they waiting for that? is that what it is? to deal with these in mass? >> that's right. at first democrats wanted this to be separate and now they are content, passing the point of no

return. republicans always want to do this as one big deal. they are not even talking to one another. that is the problem. that is a big difference between a physical fight that they were talking about. as well as the white house involvement, whether joe biden or barack obama. finger pointing, a week from now, we will be in the exact same position until the markets get wobbly because the debt ceiling is far more serious than the shut down and that will cause what i think is something to get them eventually. neil: generally that is what happened. that is what happened with the failure five years ago in the markets had almost a hundred points and congress quickly reconvened and voted on a repackaged package and only to discover over the next two months the dow jones would fall a few thousand more points. but the market is going to

decide this, i suspect. what do you think? >> are very you very well could. right now the market isn't part of this, it was a dramatic swing in either direction, there are traders on the new york stock exchange thing that we go over the debt ceiling, as long as we comply with our debt payments, that will be okay. that is not what washington needs to hear to get it moving. the other problem is we are at 80 gimmick impasse here. we had a no budget, no pay act. there is not much of that left. so we are now down to serious negotiations and we make it something else that kicks the can or this could go on monger at october 17 without actually reaching the debt ceiling if we do this patchwork deal of progress a big year. >> i've heard that argument that they would sort of like stumble along and get past on the opposite october 17 timeframe.

that is the day that we supposedly run out of cash. but it will drag on that one. if it does. if they find out that we can go on for a while doing this, it is laughable, but anyway, couldn't that boomerang on democrats? we look at that and say that life is kind of going on and this is not so fatal. >> i think that this has a real potential boomerang on democrats as well as republicans. the democrats are winning, but they are not winning as many people as were affected before. we will see where it goes from here. this is a problem because even if you pass a short-term though, some republicans say the, wait a minute, you have to put obamacare provisions in there. and others say that i want to vote for a sequester level

stuff. so still there could be a problem in getting these votes, but also some don't think october 17 is the deadline, they are thinking maybe it is halloween, maybe november. a lack of trust from both sides of the aisle. neil: which is why republicans are reluctant to see this. because they don't trust the democrats will make good on their promise to address things like health care and everything else two absolutely. we heard this argument in a few negotiations and the tax increases always come, spending cuts never materialize. it is hard to hold onto this because congress gets reelected and they can just bus through those levels in the future. so there really isn't that much trust and that is the problem with the short-term. you might be able to get away with this if you have a process, a link to your process, sort of like we had at the super

committee but no one has laid that out or discuss that. we don't know if that's possible neil: for regular viewers here at fox, we will continue to follow each and every development. but as soon as this resorts to name-calling, we are calling them on it. we figure it's a waste of time and you deserve better and sometimes we feel if you take the oxygen way for away for them, it could be a microphone. and you are taken with a reason for existence. in the meantime, checking in with how individuals are holding up throughout nonsense. marco is here, saying that they don't really feel any effects of the shutdown, but they are getting not so much love from the government either. looking at this dragging onto the 17th and beyond, are you worried? >> i don't feel that we will

fail at middle america for sometime, we have seen what our business doesn't follow the stock market does anyway. i don't have a lot of fear on that because we are not in a high government employee area that was affected by it. but i don't hear any customers talking about it other than from the standpoint of financial other than frustration because like so many of us, they believe that we have this government for many years. neil: it seems like david is saying that people have such low expectations from this government, they don't expect much, so they don't really interest me much. >> it wasn't for a lot of hype in the media, a lot of them wouldn't even know that there was a government shutdown. it is funny, but at the same time it is a question do we really need 800,000 federal

employees and maybe we could do with a few less, maybe we could do a leaner and more efficient government. >> i'm wondering if it takes a bad turn right off the cliff and each bring on a debt crisis and they do bring on a government default. that would be calamitous because it would expose us in our ability to meet our bills, interest rates would skyrocket and even you, removed from this, would feel the pinch of this. you agree that? >> oh, certainly. the interest rates would be pretty much a determining factor on cost. because of the interest rate skyrocket, it's looking that everyone will do to borrow money to stay in business and their loans and credit cards and everything that is out there.

but unless i'm totally out of tune, i don't see where it would be an overnight type of a thing. i don't have an uncomfortable feeling of this. maybe i'm way off base. at the time wall street skyrockets, our business is lousy. >> marco are you worried about this? >> the default is different than a government shutdown. and what does he need to be more specific to our creditors and bondholders. so that is serious. but horsing the governmmnt to start living within its means and that means tough decisions about government programs and other spending, that is good. so yes, the default to the bondholders is unacceptable.

that we are just going to continue to increase our debt limit without making the tough decisions to reduce the cost of living within our means. that is a good thing. neil: thank you, gentlemen. good luck as you try to get through all of this. and republicans created a mess behind it, a lot of addresses behind it, but in the end, did you ever see this done in reverse? ♪ ♪ friday night, buddy.

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punchline. speaker john boehner, congresswoman michele bachmann. it wouldn't be so funny if it weren't so sad it was so predictable. but here we go again. and republicans are cast as the joke and nice. if that permeates beyond just the comments come at you worried? >> i try to separate it. on the one hand, it is an audience of 20 somethings, if someone sees it on the news, it is obscene. and it does seem that way. but what bothers me is a professional as you would never see michelle obama or hillary clinton without the media going ballistic. we live in a hypocritical hollywood world and saturday night live world birds chirping to do these things, and you do it this way.

neil: most of it was like a harmless kind of fun. and it was still a clever rodent came across to me, at least. your old boss, it is amazing how we got the job. republicans always have to overcome that bias. they will call you with a neutral as spokespeople are part of this. it reporters who wanted to go through this. >> it is always the conservative pundit and never the liberal

pundit. conservative protesters are gathering and it's a party of this nature. neil: but leaving that aside, i'm wondering how the republicans then deal with this other counter system. that they are shutting the government down. both congress and the president's poll ratings have been dropping the congress has been much worse than i have something that does affect 2014. smack it is too soon to say, 30% when republicans and 30% blame democrats. and for both parties it's not what you expect. >> we are in the wild west and nobody noticed. but what is different is frankly the president is giving republicans an outlet and social

media, a lot of republicans who get through this. >> so what are you out of technological disadvantage? >> they are doing it. and they are now giving this is a voice. >> are you worried that they have divided his party and i think that at the end of the day the republicans are overreaching to abolish obamacare on a debt limit and it's not the appropriate place for it. i think the president has not reached out at all. and that is a problem. when barack obama says that i will not negotiate, he is making a mistake. it is uniquely the job of the president who has failed in that effort. >> you remember senator obama voted against raising the debt ceiling. for all of the reasons that the

republicans are raising today. what do you think that? >> absolutely, forgotten by the media. they voted against raising the debt limit. and it's a daily reminder and it doesn't work that way. continuing t things, just do it both ways, have added. they don't do that. and that is what should really stick it to them. anyway, wal-mart is looking to grow. in china after getting blocked from large cities in the u.s. that fact doesn't play that we have some problems here. you're not linda. i'm filling in for officer owens. she used double miles from her capital one venture card to take an early vacation. buckle up. let's go do cop stuff. [ siren chirps ]

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neil: i don't know what this is a sign of, but wal-mart is looking to grow. in china. after getting a hard time for major american cities. gretchen says that is a big i told you so. they look elsewhere to find a job. and gretchen, you think that this move is at the expense of american jobs because wal-mart is still inclined to hire many american workers, so it's not either or. you say it is? >> even here in washington dc. a million americans, paying wages of $13 and are often met with very harsh criticism, they

are paying more than the average >> i'm sure he figured all of those points, so i will allow you to elaborate. but the one thing that does occur to me is that whether you agree with what cities have been doing or not, we have this docket and they were there relenting and allowing this minimum-wage thing to die. that would all but forced wal-mart out of district. but it has been made of, particularly for the wal-marts to expand, hasn't? >> absolutely, and that is fine with us. we don't want them undercounting union purchasers like they have been doing in place after place destroying small businesses like they have been doing in place after place. neil: that they created a lot of jobs as well. >> and they are not going to give up any of those events.

gretchen said that they are making $13..5 an hour and the minimum-wage but we have tried to pass in washington dc was $12.75 an hour. then there is about $12.75 an hour but is normal. >> they are continuing to rise and rise. neil: question, one of the things, it was inconsistent, city to city. and that was one of the things they were guest. do you think that wal-mart could open up a bit more in this move to china as a way of exacting concessions from cities? >> i think it's one thing that we often forget that 90% of consumers live outside the

united states. when businesses were met with tough regulations to deal with, whether city or local or even federal government, they are going to find ways to move outside the u.s. they are going to go to 90% of consumers and make money elsewhere. and it's it us. americans who lose out. because while they are talking about this, we are not talking about the free free-market principles that allow us to drive down the prices. >> stuart, what do you think? >> begin any savings for consumers? if this trend continues. >> one of them is a union operation called costco who does a great job providing this. >> said he wouldn't have a

problem. >> so let me just say that 90% of other people are talking about western europe, scandinavia, brazil, south africa, korea, where you have emerging and large labor movement and with that, brazil, south africa, career, a domain and booming economy, and that is what we need in this country. we need this. neil: that seems counterintuitive. >> if they provided a booming economy, i think detroit would be the new new york city. and i think they would be in good standing and not going bankrupt. >> they would have the same

problems as well. >> a wide? >> you are both very good with your respective points of view. you're not hearing about the shutdown. it may not be having any dramatic effects now. but if it does go on, it could affect housing in a way that you probably do not expect we will be right back. 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.

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neil: this just in -- nothing going on in u.s. capitol, a big old dome, someone is playing for the lights, does is seem darker than normal. but you know we're going to week

two, nowhere near getting out of this. this drags on too long, it does not help with confidence, and the delay, you know, fha, and approved mortgage its gets messy. >> short-term buyers like a little bit of wall street's first reaction was here we go again, ho-hum, not overly concerned, butta as it drags on is does affect confidence. neil: lately the wind at your back. for builders in particular land prices going up more people turning up at open houses and the like. that could be smacked down with a debt crisis. >> it has been a long downturn, housing market has finally been getting positive trajectory.

but this is not a good time to stop that trajectory. the housing market en flewences the -- influences the overall economy so much. >> has anything slowed down lately most the shut down? >> first week has not been bad. it has just been a week. i would say we're starting to feel rumblings of concern, there are mechanical concerns, and usda, a small mortgage program is virtually shut down. neil: you have a lending arm yourself. >> >> we do. the mechanics are an issue, i'm more concerned about just what it does to confidence. a bump in the road in this recovery is not a good thing, it is not good for the housing

industry or the economy. >> would -- if people are caught between getting a house now or not, do they hold off now? do they say, let's see how the shut down goes? does that enter into the equation. i could see a huge market sell-off then a debt crisis or god forbid a default, then all bets are off. but we're not there? >> not yet. but, you know, as we were chatting during the break, you know you don't think twice about picking up a new cappuccino in the morning because of the economy, you might not think about a new cell phone or a car. but a house is a major decision, you want to feel really good about everything, including your john, and the out -- your job and the outlook for the economy, is it going to shake up all buyers? , not, but right now we need every cylinder working and every buyer out there if it causes

some hesitation, that is not good for the economy. neil: do you think that the market will come into play to decide this? in other words if there is a hiccup or a sell-off, that would rattle congress and perspective homebuyers? >> funny i think is that homebuyers, and home building industry, has been really helping i think get the economy back on track. so much of the unemployment was in our industry. i think in the end, they will get through this and homebuyers willium bacjump back in, from pe demographics, the population is growing faster. neil: even now. >> yes. neil: always good seeing you, one of the most successful in the business. >> growing number of republicans tell speaker john boehner to drop the health care fight and make a deal, former democratic

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neil: all right, a look at foreign markets after a bumpy day here, continuing abroad. starting off down, in japan stocks up down five points, minor losses, but it does remind you that the jitteriness is still out there. businessman tuned new york gubernatorial candidate, carl pal tino said hang of i hang tod former diagramcrattic senator ben nelson said don't be crazy. carl you said, it has changed bebait even if they cannot change the law. >> they change of directions of

the republican party. here, only man that appears to be a statesman right now is ted cruz. >> he got a chilly reception from fellow republicans. >> he has a develo different ste is saying, this is our job, this is what we should be doing in washington, debating the issues. neil: to what end, do you think it would change the law? >> i think that law need -- >> i know that but would if change the numbers. >> that is where the win hearts and minds of the american people, you stand up for your value, and stand strong. neil: all right, well, senator nelson, just the opposite stance with many democrats taking, they are not giving an inch that leads ni believ me to believe we're not getting this resolved any time soon, what do you say? >> look, washington has lost its

concept of math. the best math in america today is addition, and multiplication, not division and subtraction, and dividing the country the way it is being divided today, what our business, and industry needs today is certainty, predictability, it is anything but that i think that business business said, to federal government, we don't think you are going to help us, just try not to kill us with uncertain ty. >> isn't that the problem? all of the spending by both parties, big old government is what added to that uncertainty, the latest brinkmanship on the budget is latest. but all of stuff before, creating this business lack of confidence. >> we can always go back, and point the finger back. neil: absolutely. >> deck trades i'm -- decades i'm sure, but the key is we have

to find a solution, debating it, talking out loud and over one another, is not the way that you will get it done. you know we need late senator ed from nebraska said so well, problem with washington too many republican senators, and too many democratic senators, not enough united states senators, we need people to come together, set aside parties, and special interesting and set aside super pacs, stop worries about the next primary, and focus on bringing the country together again. neil: that sounds great, but how do you find the middle ground on this issue? >> well, look, you know it probably had to happen to begin with before the government got shut down. that would have been p preferab, now you have to set aside the special interests, who are trying to drive country further

into challenges by putting us on the brink of default, as if that does not matter, the last time we did this in '11 it cost us $1.5 billion more to borrow because of the near default. these decisions have consequences, people are losing confidence in their government by day. neil: they are, senator, barack obama -- >> let me finish. neil: no, because you will not -- carl only point to mention that, both sides have contributed, there is no doubt. senator is right. but i wonder if we continue this -- -- senator obama voted against raising debt ceiling under president bush. this back and forth it will change? >> you can't exaggerate the consequences, we've seen this before with sequester, default. >> do you care?

>> i'm a small be man from buffalo, new york. >> default would hit with you high are rates. >> in i don't think so. you would risk that. that -- >> that is what the rubber hits road, the statesmen come together and talk as senator said, you have to talk. but that does not mean that you have to cry fire in the theater could okay? it is time to face the reality, mr. president. sit down and talk with these people, because there are problems out there that have to be resolved. neil: i wish we had more time, it is not going to be settled any time soon. >> in the meantime, while government is out of business, sugar daddies getting very busy, the ceo of a major sugar daddy web site, believe it or not said that business is booming.

neil: well someone is looking for love in this shut down, more than 17,000 women are joined a sugar daddy website, pairs women with rich older men, brandon wade is founder and ceo of the site, i don't know what this says about the times and shut down, but would you define it. >> that is how it defines it every time that government makes a decision that affects financial well being of people in the world, in this country, they come to a website like seeking arrangement and looking for help, we saw an increase over 100% in terms of the number women signing up on the web

site, largest demographic single mother who rely on federal government to feed their babies and wic vouchers, who are now not been able to get the vouchers. neil: can you verify whether they were getting government help or they are single? >> well, we know -- well we don't actually know why they sign up on the web site. but we saw a huge increase in the maybe of the sugar babies signing up two days before the shut down. that really -- >> what are they looking for? they are looking for men to replace the government sugar daddy? >> they are looking for a wealthy sugar daddy as opposed to the government being their sugar dad see in. neil: any men doing the same? >> we did see a slight increase in min, not just single mothers

and students over 800,000 you know government workers out of work. at least in free time, they are looking for love in the right places i suppose. >> you are pretty good add getting tell together. to you worry in a weird way the shut down ends and your business stops booming ? >> well, i guess i do, but it would be a good thing, when the economy does well, people have more disposable income, we get more sugar daddies, either end we win, i am concerned about the economy in the long term. >> you can ride this one for a while. always good having you thank you. >> thank you. neil: brandon wade, bet you didn't know that, people's love lives are moving up. >> news you can use. free of change, basic cable. we'll have more. thrusters at 30%! i can't get her to warp.

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neil: time for biz blitz, about those blackberry obit waries you might want to hold off. jonathan hoenig with if the company is still salvageable, what do you think? >> there is value in blackberry, a lot of companies are interesting in acquiring her either in whole or part, it happened in history, a company like digital equipment in '70s and '80s, it was a big player got stun off into a dozen or more companies, there is value but to whom it will be private equity? or a strategic buyer? neil: you know, tai, a lot of tech guys have these phones they are loyal to these blackberry, they are not going to let it go

quietly in the night, what do you think? >> well, i'm not so sure could blackberry laid off 40% of their workforce, the 10 of was a flo, market share went from 51% 5 years ago to less than 4% now. the reason that big boys like google and intel are looking at them to acquire them is the value of patents they own and wash on hand. neil: hard wear devices, the phone you say is nowhere? >> it is death march is playing. neil: i want to switch something that is twitter, ahead of planned ipo, ratcheted up another billion to 2 billion, could value company north of 20 billion, that sounds frothy to me but i look at facebook and others there is precedent. >> even facebook is back above its ipo price, i am still

kicking myself for not buying google way back in the day, that seems foggy at th fogez at the . -- frothy at the time, and twitter, people using this communicate in a mew way, like a 24 hour party line, they are tweeting about your volumous appetite right now withlacoochee speak. -- as we speak. >> i hate you, tai, i don't healthateyou. maybe this has a moneymaking strategy, i have yet to see it, smarter folks than i see it. are you worried that this could be a big old fiasco? >> well, i put it in a different category than facebook, twitter has monetized their business model, they sell advertising to

advertisers that advertising content is delivered like any other tweet. 75% -- >> advertising with your tweet? >> yes. so you receive the tweet. neil: that sounds stupid. >> like any other tweet. it works, because they are making a lot of money doing that, they are spending money on r&d they are not profi profitabt it. neil: what is their r&d like? listen -- it is time for night cap, our blitzers say what they are looking for tomorrow, assuming we don't get a reopen government, tai? >> i agree, i don't think that government will open tomorrow, i think we'll see a continued stalemate in washington, and market continue to slide gradually. democrats are not negotiating. they are getting petty keeping

world war ii monu monument clost would cost less to keep it open, not anticipating a dial, we go through debt limit exper ring a, i am concerned. neil: jonathan, can we avoid default? >> think back to the fear in 2008-'09, it was not over the economy but what was government going to do next? a lot of big money sitting on sidelines waiting for that. you ask withb default -- you ask about default, i will be washing action in u.s. bonds, you will see short-term yield pick up, right now the risk is in washington. neil: it is showing up in future market. and asian trading, concerns that may be a little bit more tangled than we thought, we'll continue

to monitor this i'm telling you this shut down looks like it will last a while, but it will not of last them calling each other names, if they do we'll shed them down, that should free up a lot in the show. a lot. tonight on "the willis report" politicians seem content. the gernment shut down in tears its second week. also, seven days into obamacare. new questions about if the system is working. and what is happening to our case? emergency room visits skyrocket. we are watching out for you tonight on "the willis report." ♪ gerri: our top story tonight, day number seven of the governme