♪ imus in the morning >> the president speaks, stocks tank, then comes janet yellen. stocks go up. interesting timing on that announcement, right? good morning, everyone, janet yellen is about to become the new ben bernanke, the most powerful person in the world. she doesn't command armies, she can and probably will print dollars. that's power. stocks halt yesterday's slide. but your comfort is sliding. the shutdown, the debt, the president says no negotiation, and the biggest drop in economic confidence since lehman crashed five years ago.

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>> president obama put on the spot in a corner. bad pr on this shutdown. and the administration literally picking and choosing what to shut down and apparently inflicting maximum pain. to the grand canyon, oh, you can't take a tour, you can't look at it. locals protesting that. >> and i don't see to suffer from that because it's cost us a lot of money to come here. stuart: one week after world war ii veterans were shut out of their memorial, thousands of union workers protested the national mall, pushing for new immigration laws. the government approved this rally. is it because they are obama

supporters? >> it's the obama administration's standard, we help people who are illegally here and we inconvenience and create problems for those who we want to punish. it's also why you don't want them in charge of your health care. stuart: and get this, perhaps worst of all, death benefits to the families of fallen soldiers frozen by the shutdown. by the way, private money is coming to the rescue today. ownin oh, don't worry, everyone, public broadcasting will go on as before. cook monster received millions the first day of shut down, $445 million. look at that, and president obama's approval rating, 37%. that is according to the associated press and that's low. all right, that's politics and that's washington. no date on the twitter ipo, but we've got an analyst who is already giving the stock a price and a big upgrade, a

price on twitter. here it comes. plus, a yellen stock bump. that's next. @??

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listening to, the power. janet yellen will have the power, the most powerful person in the world, by the way. and the nomination, her nomination could give stocks a modest bump on the opening bell. that's what we're looking for this morning. come in scott shellady, i saw you slumming it on another network this morning, but i shall ignore it for a moment. i'm going to look at the interest rate late in the day went straight up. i think it's telling us that the market believes there's going to be a last minute settlement. what say you? >> i think that's what the guys behind me will also tell you. you know what? as an oil trader said to me, if you make a bet on the world exploding and you win? they've got to stop with the nuclear option. it's preposterous to think we're going to default. maybe the government is going to have to make did difficult choices like the american families have had. but the idea of a default is

off the table. we're lurching from one rhetorical line to another and we're sick of it. stuart: i'm with you on that. thank you for joining us. i've got to go to wall street and the opening bell is ringing. yesterday, the dow was off 159 back to 14-7. then came the announcement that janet yellen is being nominated to the federal reserve board and a modest bounce. it looks like the slide halted. we're up 10 in the very early going. i want to show you the social media stocks because that's a sector that took a huge hit yesterday. facebook, linkedin, yelp, they're down and this morning, linkedin is down more and small bounce for facebook and small bounce for yelp. i want to deal with apple. it's expected to roll out a redesigned thinner ipad, and a retina display on the ipad mini. nicole, is that enough to get

apple to 500? >> take it to 3 1/2 bucks. it came off the highs already and it's up $2.90. but, yeah, i mean, it sounds-- >> wait a second, hold on, nicole, what i'm getting at is in the hold days, a few months ago, apple says, well, we've got redesigned ipads, ipad mini, here they come. that would be enough to put that stock straight up. look what we've got. $3 higher, at 484. >> i don't think that you're going to see apple surge and be crazy, taking off in some way, shape or form. remember, this was a $700 stock last september until they come out with product that makes your jaw drop. a new ipad that's lighter, thinner design, more powerful processor, that's good. maybe boost the stock, i'm not a stock forecaster, however, that's not the drop-dead innovation that people who own apple or betting on apple are looking for. stuart: i think you've got that dead right. well said, nicole, good stuff

indeed. thank you very much. stocks are up a little in the early going, up 23 points, maybe that's got something to do with the nomination of janet yellen to be the new fed chair. harry dent is with us. and harry, i want to ask you about the nomination and your position in the marketplace. she's said to be pa money printer. that fits in with your analysis, which is we're going to get innation down the road and we're going to have a stock market that tanks. are you going still with that point of view? >> well, you know, actually, we're going to get a debt bubble that's going to burst and i think probably in the first half of next year. and we're actually going to get deflation when debt starts deleveraging. we've got deflation in late 2008. all of this money printing has been to stop deflation, to stop debt deleveraging and just like everything, everything in our economy is conspiring to keep growing debt, to keep this bubble going. it's the worst thing we could do. that's why i would love to see the debt ceiling not be raised although that's not likely to

happen. stuart: you're not buying stocks yet, correct? >> no, not-- well, actually, we've been looking for a 10% correction, which would take the dow down close to 14,000. and probably over this dead ceiling debate and i think it's going to last well into october, past the 17th. a little past that, then i'd see one more run in the stock market, probably to 16,000, a little higher by january. and then i think we are going to see a major long-term peak. we're telling people the first half of next year is the most dangerous time for stocks. we see another crash, even larger than the one in 2008 and 9, and we see it starting in the first quarter of next year, probably by mid january or so, we're saying watch out. we don't think it's happening yet. stuart: you've just arrested the attention of a large number of our viewers and your followers. stay there for a second. i want to talk a little about the timing of the yellen nomination. the president gives a difficult news conference, not going to completely lie about it. i thought he was rambling.

and right afterwards the market goes straight down and then we hear that janet yellen, big money printer is going to be the new fed chair, is there anything in the timing there? >> there's a question about timing, right, stuart? we're seeing on the market is attend yellen bounce. listen, janet yellen is positive for the markets, it's been money printing, she will keep rates low. and her focus is jobs jobs, jobs, we wants to create jobs by money printer. the only federal open market committee member to have been there, back in 94, during the bond market crackup when the rates doubled and alan greenspan raised rates and orange county went bankrupt, a crisis on their hands. and wow, they had a crisis with the peso being devalued and janet yellen was back there back then and she said don't do it, alan greenspan. don't raise rates and their position is that it's wise and humane to let inflation rise in

order to create jobs. stuart: she's a printer? >> she's a printer, and suffer through modest spikes in order to create jobs. stuart: we're down a fraction of a point and i guess you could say that the janet yellen bump has run its course. listen to the press conference and what president obama had to say about the effects of raising the debt ceiling. >> because it's called raising the debt ceiling, i think a lot of americans think it's raising our debt. it is not raising our debt. this does not add a dime to our debt. stuart: now, i've got a problem with that. not adding a dime to our debt when you borrow some more money, go liz: yeah, he's being coy by half. a lot of pats and pans clattering around what the president means and it's being slightly deceiving. what he means is we're paying prior obligations, basically costs that were incurred by the government in months past.

that's what the debt ceiling needs to be raised for. it's about passing. and when you raise that, spending rockets and it rockets higher under this administration and why there are widespread fears that the americans have to pay higher taxes on the rocketing costs of the debt. stuart: it does add to the debt. >> it does. stuart: thank you. and i want to get back to harry dent because the debt discussion is right up your street. that's what you talk about all the time. give me your analysis, please, of janet yellen, new fed chair, what she's going to do and what happens when she does it? >> well, she's going to do the same thing that all governments and central banks are doing around the world. they're trying to stop the bubble from bursting. you can't stop it after you've created a public. once you create a bubble, debt is going to deleverage, and they have to. we don't deleverage debt unless debt goes down and we have way more private debt than government debt and that's the biggest problem.

japan has not done this and they're in a coma economy 23 years after their peak, which we predicted back in the late 80's, by the way. they're in a coma economy and if you don't deleverage debt, you're carrying a pound on your back and you never recover even when trends get positive. they're not going to get positive in the u.s. for another decade. >> i've got 20 seconds left. what are you buying, harry? >> you know, i would just buy the tech stocks on a correction here, but it's only short-term. this is only for somebody, i only see the market going up, say, between november and january. and if we hit dow 16,000, 16,700 we're going to tell people, sell your stocks and run, at least for the first two or three quarters of 2014. if we don't see a crisis by then, then i might back off, but i'm telling you, i think it's more dangerous than 2008 for stock investors. so if you're going to buy, only take the last run and don't look a gift horse in the mouth. take your money and run.

stuart: we hear that one. harry dent. thank you for being with us. thank you. two big names, jos a. banks, i presume that stock is up and men's warehouse. >> we're seeing that jos a. banks, you have the chairman calling the ceo of men's warehouse and following up by a letter and saying, listen, this is what we want to do. the offer is 3.2 billion, $48 a share, 36% premiums and men's warehouse is not $48. it's 44. stuart: the men's warehouse guy says i don't want it. unsolicited offer, get out of here. nicole: they're saying it undervalues their company and not good enough and facing hurdles. stuart: it may be a big play and therefore, it's tough anyway. nicole, thank you very much indeed.

we don't even have a date on twitter's ipo. ah, but one analyst already has a $50 price target for the stock when starts to trade. hasn't yet. when it does, $50 says the only list. that, by the way, would double the value of the company, placed on it by itself. joining us by phone, robert peck with suntrust. okay. $50 a share, robert, when this thing gets trading, that's a very high valuation, i believe you are the first analyst to begin coverage. why so high? >> well, first of all, thank you for having me on the show. to address your question, yeah, if you look at the filing they put on thursday, they actually valued their share when they had the recent acquisition they had in september at about $23 and change. and now you adjust that for private to public, 15% discount. and the public shares would be around $26. this would match some of the rumors and speculation in the marketplace. they're looking to price their deal around 28 to $30. now, our $50 target was built

up to intrinsic values. and our target is not necessarily the ipo price, it's where we think the stock will be in a year about a 50% premium. >> and that's very, very interesting. because basically, you are saying buy the thing? >> yes, we're saying buy the thing. if the market rumors are coming out. 28 to $30. we don't know ultimately where it will price. so it could price at 40. it could price at 50, but based on the current speculation, we're saying if it is priced around the $30 range we see a good ooh%-- 50% upside. if they see your report and get greedy and put an ipo price of 40 or 50, you never know. robert peck, thank you for joining us. come again soon. >> thank you very much. stuart: new at 10:00, listen to this, a theology professor at one of the nation's preeminent catholic universities. she says jesus was a socialist? here is what she told bill o'reilly last week. >> he said blessed are the poor

for they shall inherit the kingdom of god. >> you're taking it literally when she is are pairables. if you're going to sit there at a theology professor everybody has to sell their stuff or they're not going to heaven heaven, i'm going to say you're a loon. stuart: all right, bill liz: jesus was a libertarian. stuart: stop it. we'll have a debate. by the way, she's british. can't believe it. another british socialist export. but she will be here. let's check the big board. we're up 8 points. check the price of oil. where are we? $102 a barrel, we're down a buck and gas prices are coming down, too. nielsen announcing they will be working with twitter to come bile tv ratings, based on the number of tweets about a certain sh how does that work? is this big money for twitter? got an answer for you next. ♪

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she took an early spring break thanks to her double miles from the capital one venture card. now what was mrs. davis teaching? spelling. that's not a subject, right? i mean, spell check. that's a program. algebra. okay. persons a and b are flying to the bahamas. how fast will they get there? don't you need distance, rate and... no, all it takes is double miles. [ all ] whoa. yeah. [ male announcer ] get away fast with unlimited double miles from the capital one venture card. you're the world's best teacher. this is so unexpected. what's in your wallet? >> if this is a yellen bump, it ain't much. look a the price of gold, i don't think it's a yellen slide, but it's a slide. the price of oil down a buck 102. you know the restaurants, k.f.c., pizza hut, taco bell.

the parent company is yum! brands. disappointing. and look how it goes 8% lower. alcoa is no longer a dow component. it came in with good profits and moving so slightly. that's a door stop. it's always $8 a share. nielsen plans to use twitter to measure chatter about tv shows. here is a frequent guest on the program, the founder of symbol vision and created an algorithm to get the buzz for topics generated on twitter. welcome to the program and good to see you. >> thank you, stuart. stuart: i know nielsen, when they do ratings the conventional way they figure out what people are watching from the dial on their tv set. now we hear they're going to set ratings according to buzz on twitter. how exactly does that work? >> so with this new partnership is looking to do is simply count the amount of tweets and the amount of accounts

surrounding existing television shows to do a new metric exactly like the rating. twitter based. stuart: it's emotion based as opposed to objective and precise ratings, correct? >> yes, only the people who are going to be emoting about the television show they watch. and when they watch a show it doesn't go straight to your twitter feed. and it's going to be people who are obviously in some way affected by television show and also to write about it and see a lot of extremism in there because of people who are just not really impressed by a television show or not inclined to tweet about it. people on the other end of the spectrum are. shows with more shock value, artificially weighted higher almost. stuart: you could read precisely who is tweeting. you'll know their age and you'll know where they are. maybe you'll know their income by zip code. you certainly know that kind of thing so you get a fairly

precise measure of who it is that's tweeting about the program. correct? >> yeah, and this isn't only going to benefit nielsen, it's definitely going to benefit twitter in a huge way because of what you just mentioned, excuse me. all of that demographic, held ooh hugely with ad targeting and twitter has deals with cbs, the nfl and ad targeting and affecting the ad effectiveness. stuart: this is a big plus for twitter? no question about it, they'll bring in more money because of that? >> definitely, it's certainly an attempt to legitimize their operation, in the ipo season. stuart: they're not using you, because you've got your algorithm that checks tout twitter feeds? >> no, nielsen is looking at strictly volume-based metrics for now. if they want to go to sensitive, give me a call. stuart: because you're so much for precised and so much more advanced than these people. you've got it. thank you, peter. >> thank you. stuart: we apologize for the

short duration of the interview, but you've given what we wanted. >> no problem. stuart: listen to this, a mall failure in kentucky no longer allowing teams to shake hands with opposing teams. what the devil happened to sportsmanship? my take on that is next. >> try to teach your kids sportsmanship. i think high school sports are basically for that purpose. >> i believe sportsmanship, especially in schools is the most important thing. r-you can teach.

>> will j.c. penney survive as a department store chain? don't know, but the departing saks chief has become a director. the stock is below $8. a pool-- school bans cartwheels and tag on the playground. a mother of six, does she think that taxes are dangerous? and a judge declares a living man legally dead. we've got the full story new at 10:00. don't shake your hands after a high school sporting event. leave the facility immediately. that is the new directive in kentucky. here is my take.

the kentucky high school's athletic association made this call in a message to all high schools, handshaking after a sporting event has been blamed for two dozen incidents of violence in the last three years, so don't do it. and to avoid the risk of an incident, leave the facilities as soon as the game is over. i think this is an example of mall and management failure. dozens of generations have rightfully been taught you show good sportsmanship, no matter what happens on the field, look them in the eye and shake hands. and that's good training for people of all ages, get a grip on yourselves. and same for the coach, teach them self-control and manage the behavior of your players. kentucky is retreating from the principles, admitting defeat.

it's caving to violence instead. and we talked about schools banning cartwheels and tag in the playgrounds. kentucky is doing something far worse. theirs is a moral failure, abandoned a basic american principle. good sportsmanship. [ male announcer ] legalzoom has helped sta over 1 million businesses.

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world.all of that for you on this wednesday, october the ninth. we also have this. a tenured theology professor at a leading campus that says jesus was a socialist and worse yet she is reddish. the canadian company making medical devices wants to expand here, but obamacare stands in the way. how about a guy declared dead for 20 years stands before a judge and says he is still dead. one way out of the obamacare act, is it not? and the middle school that bands cartwheels and rough games. you have to admit, we are little different, aren't we? here is where we are about a half hour into the rally. we are up 10 points.

keep the printing press is going, we are told, investors like that up to a point. charles, age old question, dow 14,786. new person at the fed who will print, time to buy? >> getting there, getting there. i tell everybody have some cash ready, make your list. you will get this whole thing resolved before october 17. stuart: the market looks like it will be a last minute thing. charles: obama, he does not like investors, he revealed that yesterday during his speech perhaps bond investors should be paid before÷[p welfare recipien. the debacle with the gm investors. let's not pay the interest on investments, why should investors be paid before other programs near and dear to his heart. that scared the heck out of the market. stuart: sure did.

to nicole. men's warehouse at a six year high. i think men's warehouse chief says not now, not that price, correct? lauren: not so fast. $2.3 billion offer to buy men's warehouse, unsolicited started with a phone call followed by a letter. $48 per share, giving the big boost men's warehouse. up 25%, with those saying it is opportunistic, it is strong prospect and continued growth plans. they say it is not good enough. the other wild card, don't forget the company's chairman was ousted, he had made big spat with other folks on the board about the direction of the company.

it will be interesting to see if he steps in, we have seen these founders of the big companies putting together some sort of a group to take things over. stuart: charles payne has an interest in this. as you say, you are looking nor chops. charles: i did it on the show with you august 2. pounding the table on monday. i would love the viewers to go to my website. i have a special piece on there on how you can see these things come in. the volume was obvious. there was an overreaction, wall street estimate in the stock since late september. huge volume spikes, nobody knew this offer was coming. it was telegraphed and if you saw it come he could have made a lot of money. stuart: it looks pretty bad for the president. and ap poll approval rating for president obama, that is low.

a gallup survey on confidence in the economy. quickly, charles, what do you make of all of this? charles: the market is speaking, the public is speaking. they may think they are winning a pr battle, they are all wrong. stuart: do you think maybe the tide is turning on this debt issue? lots more criticism on the i won't negotiate stand. charles: it is not working the way he thought. if there is not overwhelming clamoring for his side of the argument. they are not reading the drum, give the president a length check, it is backfiring. stuart: the parent of yum brands, the parent of taco bell, kfc, down big. what is going on? nicole: we have followed this since late last year, a lot of tough press in china.

that's where they make some of the kfc and there was bird flu, food consumption scares, all over the media. they are saying we haven't rebounded, it will be a slow go of it as we try to make our way back. the stock's baton the story down 8.3%, however saying you better buy it. by yum brands on weakness, they reiterated thereby reading. a neutral rating, $71 target. stuart: we hear you. if there was a bump. i think investors like janet yellen if she is going to print a whole bunch of money. charles: we knew it was going to be janet yellin. stuart: she has the sharp decline in the stock market, can we say that? the minimum wage battle wages on

at the local level. the mayor of seattle now says he is open to raising the minimum wage to $15 per hour. yes, he is running for reelection. you think that is an election winner, charles? charles: ultra-progressive state. seattle has a implement rate 4.7%. the argument can't be made it will spur job creation. thei have microsoft of the worla fortuitous state. this is purely politics, not economics and something if other states look at the model, they would make a huge mistake. stuart: a lot of people support the idea of government telling employers you pay this. charles: redistribution of wealth. stuart: a professor at notre dame university resending a comment from somebody calling

jesus a socialist. joining us now. welcome to the program. we're going to talk about jesus being a socialist. i saw you on o'reilly, you said in that interview jesus has said in order to get to heaven, you have to give away all of the possessions. >> there was a story in which jesus tells a rich young man to follow him he should give away his possessions. it is difficult for us to know is this for everyone, will they go to hell if we don't do this? stuart: is a rich man condemned to hell for not giving way his possessions? >> there is my story in the gospel of luke. a rich man who did not look after him who is in hell. the question is does this count for all of us?

while i can't really tell you that, what i can tell you is a very consistent message that those who have excess of wealth must chat with those who don't have enough. stuart: on the basis of your faith is a post your it works on earth. speaker this is not the only thing he says. faith is a good component but the focus of looking after the poor is a big part of the gospel message. stuart: you think it is a flat-out injunction. can you tell me where he said you must give away your possessions? >> yeah, sure. when jesus talks, that is in matthew 19. in matthew 25 we have this story of what will happen on judgment day and jesus says he didn't look after the hungry, you are going to be in trouble on judgment day. what we don't know is how much you have to give away. charles: that doesn't mean give

away everything you have. the argument you are laying up for a whole lot of people is somehow you are a bad person for making money in the first place, and not having it all away. >> i don't think you are a bad person. you are in spiritual jeopardy. what we do know is the disciples didn't believe in holding possessions as an individual, they have everything in common. the fact of the matter is jesus is concerned. stuart: are you a socialist? >> wouldn't say i am a socialist. stuart: i don't think he involved himself at all. >> he is constantly doing actions, he overturns the tables in the temple, that stuff is political action. predicting the destruction of

the temple, so to say he is not involved in politics is artificially separate politics from anything else in life. stuart: but they bring in bill o'reilly. this is what he said to you i think it was last week on this particular point. >> jesus went in and overturned the money changes tables and everybody saw it, the people were furious they were being taxed so highly because it didn't have anything to begin with and we go through all of that and jesus was executed because he an encrypted the mony flow. stuart: that is what he says is the reason for killing jesus in the first place. do you agree with that? >> my chain incident may be the reason, but there is no evidence the money from the money changes actually made its way back to rome. o'reilly is mistaken on that. we don't have the evidence. one could say this is tied back

to anking regulations. stuart: it is easier for a rich man to go to, it is more difficult for a rich man to go to heaven and a cattle to pass through the eye of a needle. >> suggesting it is important. stuart: you do know the needle is a war into a city, but not actual needle. >> it is a very small gate. a camel loaded up with goods cannot pass through the gate easily. it is nearly impossible. saying who is going to be saved, jesus says all things are possible with god. it is really tough. stuart: using the faculty and theology department at notre dame are reasonable? >> we have a diverse faculty.

stuart: you do? are they predominantly on the left? >> no, i wouldn't say that. he meant physically on the left? stuart: politically in general. interpretation of the gospels you think more right wing, more conservative? >> there is a lot of conservatives socials with respect to social ethics, but in terms of concerns, most christians are concern for the poor. if that is left winged, sure, we are left-wing. stuart: thank you. we will listen to you. we appreciate you being with us today. thank you very much, indeed. >> thank you. stuart: you are not happy. charles: i am the head where in this political age and we have to be political about it. it will be hijacking beyond the purposes of the poor. total redistribution. at the end of the day nobody can be prosperous if we have society that does that.

you can look around the world and see what america is the greatest country is the, commack in the world is because yoo can have the ability to help others. stuart: that is charles payne. a middle school band for playing games and cartwheels during recess. we have more on that subject. our school officials worried about this? >> al all right ladies, let's pk teams for dodgeball. you like to be a captain? >> sure. i think everyone except meg. >> there enough. go.

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sometimes they just drop in. always obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach glal markets and drive forward with broader possibililities. cme grou how the world advances. stuart: take a look at this, please. samsung unveiling its new phone. a curved screen rumored to be the salmon song that samsung galaxy round. only launching in south korea. costco opening 18 new stores this year. down $1 at 1.10.

cautious outlook at family dollar. the stock is down 2%. charles is going to make us some money, reportedly, with the x1 company. charles: i wanted to do it yesterday. another 3d play, industrial. back in eighth 99 they hope hoop with this company in germany making products out of sand. 3d printing, but industrial stuff. bmw, caterpillar, the big names already do business with them. yesterday said they think it is going to 75, today said 70. execution has been a problem, that is why the stock is down. i think it will be a juggernaut. from 400,000 up to 1.4 million. america, sales in europe, asia. i think it'll be a grand slam but i will caution it could be a wild ride. stuart: it is a 3d printing play. charles: industrial.

stuart: you wouldn't have one in my backyard. charles: considering how big your houses, maybe. stuart: middle school in long island, new york, has banned cartwheels, rough play. i think they feel lawsuits of thearents of partially injured kids. what does this mother of six say? she will have her say right now. i say this is a school district responding to the threat of lawsuits, and i think it is terrible. what do you say? >> the federal government has been shot for nine days and kids cannot play in the schoolyard? we have a big problem. stuart: there is no connection between the federal government shutdown and school kids not throwing the ball around. >> we've all come to a point when you're mentioning not being able to shake hands and take that off the table as well, people are not learningcommon decency or how to get along. that includes in the schoolyard.

banning of football is extreme. i might as well be wrapping our kids in bubble wrap. handing them a playstation so they can play inside as opposed to going outside and interacting with each other. we are coming to the point we are afraid of kids to do anything. kids are going to be fine. stuart: all right, mother of six, will you go further. would you ban lawsuits? >> for nuisances such as these? absolutely. they are clogging up the already backlogged in a state's legal system and it is a problem. hopefully something like this would just hopefully be thrown out. i am having faith. stuart: in the united states you can see anybody for anything at any time at a judge is reluctant to throw things out because it may be appealed and rejected on appeal. >> i agree with you. i don't believe the superintendent was looking out for students protection as some

of the comments or people have been eluding to. i don't think it should be concerned with anything but these lawsuits. we have to instill values, we had to instill skills and we have to make sure kids lead lives. stuart: in the schoolyard to have to learn the lessons. >> we are not tanning cars. 32% of car crashes were a result of drunk driving. stuart: what do you do with the parent who says johnny got a clock in the head from a football thrown on the schoolyard. think it might be a concussion. i am very worried, have suffered all kinds of emotional damage because of this. i really have. look at my shrink fees. now the judge is going to say you are right, under the statute have to give you some money. >> help that is not the case. stuart: but it is the case.

>> until i'm sitting here with the legal expert who can tell me that is where we are, but in terms of where i am coming from parents need to be more responsible than that. yes, there is something to be said for somebody who is legitimately wrong, and that has some kind of conversation. it is from doctors in emergency rooms saying they see increases in scrapes and bruises. why do we bring them into the er in the first place? everybody has to learn to parent a little bit better. stuart: i think we agree. i would do something dramatic about the legal system. pork reform. the english rule, the loser pays. >> or the jewish mother rule, tough love. charles: i did not know that. >> we are everywhere. stuart: welcome back. good to see you again.

thank you very much. dow down one point. no headline from the market this morning. down 1.87. just how many people are actually signing up for coverage on the obamacare exchanges? one state says 40,000 have signed up. what does signing up mean? can you trust those numbers? we will deal with it next. twins. i didn't see theming.

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stuart: you could say all alcoa had to do to help the stock price was leave the dow. stronstrong profits last quartep them. the auto parts division of alcoa coming through. stocks up 4%, but still $8 per share. no hard numbers from the obama demonstration on how many people have actually signed up for the coverage on obamacare exchanges. however, new york state says 40,000 people have signed up. my question is, what does signed up mean? >> it means they have signed up, successfully registered, or able to shop or health care. they have not provided the exact numbers, that it seems to me from the impression i get from

the state department, new york state department of health, that's their decision. maybe some time to think about what your options are. stuart: no question about that. 40,000 people have gone through the system, got their own account, have been able to look at whatever options are available to them. they may or may not have purchased but are in a position to purchase. 40,000 people. >> exactly. but the target expects 1 million out of 2.7 million uninsured new yorkers to eventually sign up for this health care. there is certainly not even 10% of the way there. stuart: 960,000 to go. until march 31 to sign them up. >> there is still a period of time. my experience over the states have actually improved quite a bit. i don't really see much of these sorry please. more of these let's get started. there is an improvement.

stuart: you have been trying to get on exchanges in other states using the federal system, right? >> yes. 36 states are part of the federal system. stuart: that is where you have been trying to sign-up. you say there is some promise. not quite a wait. >> i see less timing out of the pages, more pages you are greeted that say let's get started rather than please wait or come back later or sorry, we're down at the moment. speech on stuart: is not instant, right? >> .ca this instance, but it is definitely an improvement. traffic might also be down because of the initial interest. they may be waiting. charles: do you feel like you are learning? we have to accumulate names, get

these people registered. does the visitor learn anything about this? where am i educated on this? >> on the federal website is a considerable amount of information you can explore without getting down to the raw specifics. you can see what you should be signing up for. you can explore the healthcare.gov on the website. that never was an issue in terms of access. stuart: last question. you have been trying to get on in new york state. how many days, how many hours have you spent trying to get on? >> every single day except for yesterday, i think that would be six days of trying. i've gotten further and further each time. i get health insurance already from my employer, so i don't know how that will affect my ability to sign-up. stuart: how many people have six days and countless hours to spend to get on the system and not all of them are as computer savvy as you are. >> if you look at the cemetery's

interview with jon stuart on monday night it is very telling, there were very few specifics available and they are coming up again and they're trying to surmount it but it will take a lot of time to fix it. stuart: thank you for your efforts on our behalf. a dead man walking in ohio. yes, after he was missing for 20 years, declared dead, now he is back. but aajudge tells him you cannot be resurrected. is this the ultimate tax loophole? maybe it is. our judge will be here. weighing in on janet yellin. is he happy another money printer will be running the fed? i know the answer to that one. ♪

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stuart: in case you don't know the movie, the guy in the blue coat is dead. a man in ohio ruled dead 20 years ago, he reappears. he stands in front of a judge, but the judge says, no, your debt status stands. you are not allies. charles: it does help that he went in front of the same judge that the clerk him dead. the judges like, are you kidding me, get the heck out of here. you were not part of the system for 20 years. stuart: he purposely disappeared charles: whatever it was, he

certainly cannot be rewarded for it. stuart: i just reversed my opinion. we are hours away from president obama ovation of janet yellen. she is a money printer, we are told. charles: is that tunnel thing, that is not news. i also think that the market, and that of people in the market would love to see the rally baton. at some point, you cannot think you can sleep well at night

forever. stuart: watch out, everybody. judge andrew napolitano is here. >> charles is right. the market does love that free cash. she, essentially, will not bring any change at all. do you really want more of the same for the federal reserve? >> yes, he does. stuart: you imply that all of this money printing, the money goes to the stock market. i disagree. the return on my bank cd is negligible.

>> i think technically you are right. if the president shocks everybody and instead of walking out with janet yellen in a few hours, he walks out with ron paul -- [laughter] >> i say that with glee, this is a fantasy that i have, i think you will see a severe reaction. stuart: hold on a second. listen to what the president said yesterday about the debt ceiling. >> because it is called raising the debt ceiling, i think a lot of americans think it is raising our debt. it is not raising our debt. it does not add a dime to our

debt. >> 180% wrong. i cannot even conjure up a defense to that statement. the debt of the federal government is approaching $17 trillion. is he gets his way, it will be in excess of $18 trillion. if that is not adding to the debt, i do not know what is. stuart: that is an incredible spin. he says to not raise the debt limit. that would be unpatriotic. we are downgraded because of debt. now he says he wants more debt. he wants a plane check. >> there are libertarians who supported him against john

mccain because of many of the things he said when he was in the senate. as soon as he got into the white house, he became the opposite of that. he is the opposite of a small government person there. this is another example of when you take words that he used in the senate. stuart: i think he is getting hurt with this debt crisis. >> if he makes statements, of course he will get her.

he has no credibility whatsoever. stuart: we quote jcpenney all the time. the stock price barely moves. it is barely moving today. the former chief that sox -- with obamacare, it is the best time to bring our company to the united states. >> if you like your health care plan, you will be able to keep your health care plan.al tonight you have to pass it to find out what is in it away from the fog of the controversy. ♪ n real time.

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times for the holidays. apple unveils updates to the ipad on october 22. the stock is only up one dollar. medical device maker, we will see. ♪

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stuart: the ratings are in. football winning, baseball losing. jets falcons game drew nearly 12 million users. the playoff games, 8 million viewers. baseball barely beat out wwe wrestling. football is king. baseball is not competitive at this point. disappointing profit from yum brands. i think that stock is still way down. speech money you are absolutely right. over in china, that is the problem. now they are saying it is a slow

go. they have kfc, taco bell and pizza hut under their umbrella. we will continue to watch it. stuart: thank you very much. we are down. i think when we introduced charles and his moneymaking, we -@should have a drumroll. he has a really good track record. charles: these guys just went% public. just absolute phenomenal growth. june quarter they beat the street. over the next five years wall street is looking for a new low growth of 48%.

i trust them enough. i think it could be a 60, $70 stock. stuart: that stock would look fantastic. stuart: our next guest wants to expand his canadian -based medical device. welcome to the program. >> thank you. stuart: what do they do? >> they build devices for the early detection of cancer. for all of the different cancers, if you detected in stage one, you have a great chance of survival. there is no cure for cancer. early detection is the key.

stuart: you are thinking of expanding into the united states. if you did that, you get hit with the obamacare tax. >> it makes the device more expensive. stuart: if you are making this stuff now and you export it to the united states, is that device making tax not paid by you? >> the device making tax will have to be made by somebody. ultimately, it gets made by the consumer. stuart: is the tax stopping you from coming to america?

>> it is on top of all the other things that companies have to deal with already. right now it starts off that 2.2%. over time, they grow up. just like income tax. stuart: you are a canadian and you are telling me this.% very good. twenty democrats in the senate plus republicans voted to rescind the medical device tax. >> it would be very encouraging. it would be a sign that new innovation is being encouraged not penalized. stuart: okay. which state would you go to? >> the first date? maybe new york state.

stuart: thank you for joining us. appreciate it. >> thank you. don: the europeans. they know what is best for everyone, don't they. there is no bailout for this one. we have the details next. ♪ with fidelity's guaranteed one-sesecond trade execution, we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account.

lou: coming up on lou dobbs tonight, president obama says no negotiation. speaker boehner says that there will be negotiation. day nine of the governnent shutdown. tonight at 7:00 p.m. eastern. ♪ stuart: the europeans at it again. this time they say that there will be no bailout like with the financial bailout. armageddon, they say, is coming. charles: he is like, listen, we see this clearer then you see the economic crisis. we will not bail you out. when the earth turns on you, do not look to us for any cash.

stuart: i think that's the bridge and are beginning to turn against a climate change. the germans are wobbling on climate change. they just found that the price of electricity is four times what it is in the united states. charles: it has been the biggest impact on people out in germany. it has made regular income people poor people. it is a shame. stuart: a regular middle class guy, he lives with a 5-watt bulb because he is so scared about his electricity bill and global warming. your take is next. ♪ @??

brian gay the my take on banning post-game handshakes between opposing teams. an example of moral and management failure. here is what you had to say a. of matter of time before we start banning high school and deborah tweets wrap our bubble wrap and send them on our way. what do you have to add? charles: it is a disgrace. with a guy in mind the good, when kids used to fight, we would go to this community center, he put the boxing gloves on us, america's fight for a while, get everything out afterwards we hugged and shake hands. that is the epitome of sportsmanship. it is nuts that anyone, people who think this is a problem think fast foods makes you hand guns kill people. it is about behavior. and teaching kids how to be have. stuart: you are so right.

don: he taught you good. our time is up. dagen: great job this morning. is janet yellen, the president reedy to 90 janet yellen says the next chief of the federal reserve. a first for a woman. the centers for disease control on full alert calling back furloughed workers to shutdown, put the agency behind the 8 ball in response to the latest salmonella outbreak. the part-time economy, and the of the freedom to go part time. and we have other suggestions. all that and more in this hour of markets now. and