♪ there's got to be a morning after♪ >> it was inevitable. you could see that song coming right at you. yeah, the morning after a deal is reached. all right. here we go. federal workers return to their jobs with back pay. parks, monuments reopen, back to normal, the new normal. now what? we've got to be talking about this all morning long.

but right now, i've got to tell you, it is the same old-same old from congress. yes, the debt and the spending bill that temporarily ended the stalemate, included its share of good old-fashioned pork. haven't had time to comb through it all, but two items jump at you. from the get-go. how about this, $174,000 goes to the widow of senator frank lautenberg, pork no? or unnecessary or excessive? senator lautenberg was one of the richest people in washington. how about in, nearly $3 billion going to finish a dam project on the ohio river in kentucky. it's now quadruple its original cost estimate. it's in minority leader mitch mcconnell's home state. listen to what senator mccain had to say about this, especially that dam project. they've added money for a dam that i frankly never even heard of. they stuck in some stuff which, of course, they couldn't have gotten through a regular legislative process, and that's

disgraceful. stuart: so, the day after the deal, the spending is back, the pork is back, the debts start piling up all over again. quickly to art laffer, who's got a thing or two to say, i do declare, about pork. make your comment now. >> i just loved it when you said, stuart, when you said that dam project. i love that, you're brilliant. but this is all back to normal in washington and there won't be changes until we throw them out. stuart: it is, it's the same old-same old. >> of course it is. stuart: there's no difference between now and two weeks ago, three months ago, the spending continues. the debt is piling up. the pork is always going to be there. i say no change, period. what about you? >> you're right, it's no change at all. in fact, this no change period is going to last until 2017, stuart. so, don't expect a big change over the next three or four years. they're just going to keep going on until there's a complete change in washington. and it doesn't have to be

republian be democrats as well. i mean, there are a lot of democrats who are disgusted by this stuff, too. stuart: and that dam project, i'll never live that down. >> i couldn't control myself here in the studio. whoa. i love it, i love it. stay right there. art. we'llen back in a second. time is money and let's get back to the news, bad news from ibm brought in far less money than expected about a billion short. demand for computer hardware in china slowing down. a big problem. shares are down big pre-market and that's one of the principal means why the dow will open lower today. and is expected, democrat cory booker beat out the republican. he will be the next new jersey senator. does it indicate how the rest of the country will vote next year. billionaire mark cuban cleared of insider trading charges. and he was not guilty. remember, he sold his dot-com

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>> the stock market opens in a minute. i'm looking at the gold market. it is going straight up and i want to know why. tr tres knippa may have a reason for us there in chicago. i think this is the little guy buying those gold coins. not so much you guys trading the big stuff. what do you say? >> well, i don't know about that, stuart. gold is up because no significant changes are coming out of washington ever. and we need to embrace that idea. the simple fact of the matter is is that a politician has a disincentive for making a tough decision now. what feels good?

spending money feels great. spending borrowed money that you never have to worry about paying back feels better. shame on our politicians in washington. the money is going to have to be paid back, but not while it's on their watch and it's going to create problems for the united states in the future and maybe not in a four-year term now. stuart: 33 an ounce, that's a rally. we're going to be following that throughout the day and following wall street as well as in the stock market. we've opened lower and we expect to go down significantly at the opening bell. because there's one big drag on the dow 30 industrials. that would be ibm. ibm is a dow stock. i know it's down sharply. they've got poor hardware sales in china and i believe that this down side move to ibm is costing the dow 90 points. in other words, we're down 41. if it weren't for ibm, we would be up 50. i think i've got the math right on this one, so, come in, nicole, tell me exactly where

we are. >> i think you're going to have to watch the s&p 500 today. because ibm is on the dow jones industrials. and you're right about that. coupled with goldman sachs, united health care, some of the names are going to weigh heavilien 0 the-- heavily on the dow. you can see ibm down 13 1/2. stuart: that's an indicator of the overall market is the s&p 500 which is nowhere near down as much as the dow is down. okay. nicole: right. stuart: thanks very much, nicole. i'm glad you straightened me out on that one. i often get the math wrong. two more names you know, ebay is giving a disappointing holiday forecast. 5% down. the dow newcomer, that's goldman sachs, took in less money from trading. still more than what, 1.4 billion dollars profit, just between july and september. 110 million a week, not good enough. it's a dow stock, remember. it's down five bucks and that's

3%, that's another drag on the dow. and one more for you. strong profits at verizon. it added a million wireless subscribers that quarter, and that's phones and tablets, they had an extra million and a half in the same period last year. nonetheless, the stock is up, 2, 3% as we speak. all right, that's the opening of the market clouded by ibm and goldman sachs. let's get back to a little politics and finance, shall we? congress, yeah, passed that bill to fund temporarily the government. but all they really did was kick the can down the road. in a couple of months we're going to be back where we were yesterday. i say this is a loss for america. art laffer is still with us. do you agree with that one? >> i agree it's a loss, but i didn't expect to have a big win on this one. you can't have a big win, stuart when you just control one of the houses and not by a huge majority there either. the president has the bully pulpit and we were going to lose, but i think the republicans in the house, acquitted themselves very well.

and i think they asked for reasonable things and they couldn't get it through. so it is kicking the can down the street. but the can is getting bigger and bigger every day you kick it. >> okay. >> by the time you get to four years out, it's going to be a very, very big problematic can. stuart: hour viewers want to know what happens three months from now when we hit the wall all over again. that question was put to president obama late last night. let me just run the tape as to exactly what he had to say to that question. >> is it going to happen all over again in a few months? >> no. stuart: well, how do we interpret that? is it going to happen all over again in a couple of months? no says the president. what says art laffer? >> i don't know what the republicans plan on doing in three or four months. i would doubt if they would hold on like they did this time and then come out without much change. so i would expect the president is probably right.

but that means we'll kick the can further and further down the road, past the elections. what we're really going to see, stuart, and what is critical. what happens in november of 2014. will the republicans take the senate? will the republican keep the house? that's the critical thing and then we come into 2016, but stuart, you've got a long period here, unfortunately, where nothing really material is going to change in america. we're not going to get back onto a good path. we just can't. the politics aren't there. now, in state governments you're seeing huge changes to the positive, but not at the federal government. you won't see that for three or four years. stuart: hold on, art. i want to transfer our attention to interest rates and go to sandra in chicago. i've got the yield on the 10-year treasury right about 2.6%. that implies people are buying our debt big time. pushing down the yield and up the price. what's going on, sandra? >> that's certainly the reversal of the trade we saw in the past couple of weeks during

this government shutdown. we saw the markets selling, basically, all short-term debt, anything with a maturity that was coming up before november 1st, before this deadline specifically. so that trade is sort of unwinding, but it's the other trades right now, stuart, that we're seeing gold is showing a trade right now, up $32. oil prices are down. there are bets we're going to see a weak economy going forward. stock prices are down. there's never any talk about excitement of a deal being reached. we're going to face this all over again at the end of the year, in fact, the u.s. dollar right now, stuart, down. there's a significant problem right now that's not being addressed and that's weakening our global currency as well. stuart: let me wrap that up. dollar down, gold up. interest rates down. stocks pretty much flat if you take out ibm and you take out goldman sachs. all right, that's where we are. back to you, art laffer, because i've got to get more on what you think is the turn around in politics next year.

now, you still are holding to that belief that in 2014, the republicans come roaring back and there's a change of political direction, really? >> i think they're going to come back substantially. there are 33 seats up next year in sequence. now, two are up out of sequence and that's lautenberg and kerry's seat. those are the people who were elected in 2008 when obama won in a landslide against mccain. these guys, a lot of coattails. the senate, there are nine or ten seats up for grabs, democrats. and a writer thought he thought the republicans would take the senate. i think he's right. i think the republicans should keep the house, should pick up a number of seats in the house. with this platform on economics, why shouldn't the president and congress and staffs all be under obamacare like the rest of us? it makes perfect sense to me. you've got to income test

correctly. these are just common sense -- great political arguments to make in 2014. so, i am still very excited about what's going to happen, but you've got a long time. you've got to understand these things take years and years to materially change. when we first sensed a big change politically in the '70s with prop 13 and you know, steiger hanson and paul volcker, it was four years off before we got the boom actually coming in 1983. so, it takes a long time and you've just got to be patient. stuart: keeping hope alive for us. art laffer, thank you very much indeed. >> thank you very much, stuart. stuart: another big name you know, got to get to it. it's a charles payne pick, by the way. strong profits at winnebago. no, it's not true, i'm not going to buy one and retire and go around the country in it, that's not true, but the stock is way up there. tell me about it, nicole. nicole: way up there. charles can do a nice lap of

victory there. hitting highs we haven't seen since 2007. renewed demand for dealers. how much does a winnebago cost, roughly $65,000 to $300,000, but they talked about renewed demand and that's why you're seeing the stock jumping here to new highs. stuart: you know what our production team did? they came up with a photo of a winnebago, i might like to buy. that's a lousy picture, i can hardly see the thing. nicole: a regular winnebago. stuart: that's a winnebago with wings. it implies i drive at night. at my age you don't drive at night. >> you're a mover and shaker. stuart: thank you, nicole. one more with art. art laffer that would be. the shutdown and the debt deal leaves obamacare untouched. i want to know if obamacare going forward damages the

economy? forget politics for a second, for get the election. >> yes, you can't give away resources and can't expect consumers to overconsume them. obamacare will collapse and the question is how it's going to collapse and will it be repealed, or will they try to do the bandaid measures which they've been doing all along with gap lines in the 1970's? whatever it is, you just can't give away health care and expect people not to overuse it and break the system. stuart: you should have told that -- you should have told that to the brits 60 years ago before they got the national health service because it's broken. >> it's a disaster in britain. anyone who wants good services has to go private. stuart: it's a financial disaster to boot. thank you very much, indeed, sir. >> thank you, stuart, it's a pleasure. stuart: that dam project. look at the big board, down 107

for the average. three stocks which account for all of that loss, that would be ibm, united health, and goldman sachs. they're three dow stocks, all down big dragging the overall market with them. if it weren't for the three stocks, we would show you a stock market rally this morning. our debt, historic highs, you've got that. you can bet john stossel is not happy about it. however, what do varney viewers think about congress spending with a blank check? before we get to john stossel, we had fun with people out on the street, asking them about where the debt ceiling it. listen to this. >> this debt ceiling is located in the senate right now. i would say. >> well, i would say washington d.c. >> it's not a real ceiling. washington d.c. >> it's not a real thing. it's not located anywhere, it's an imagery place. clients are always learning more

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>> three stocks, count them. just three responsible for the entire dow jones industrials loss. ibm, goldman, united health. ibm is the biggest contributor to that drop. it's down huge. look at the price of gold, up huge. look at this, up $31 at 1313. a lot of people very nervous about all of this spending and all of this debt that we're going into. all right? and gold is up. government spending, yes, it has reached historic highs. john stossel hit the streets to ask people what they really think about that, listen. >> for most of the history of the country, government was less than 5% of gdp.

world war i, world war ii it goes down and now it goes steadily up. >> it looks like quite a pyramid of debt. >> we're spending a great deal on the military, on medical care. >> and yet, that should be cut? >> that's a hard question. >> when you can't answer it either? >> absolutely not. stuart: now, what did you find? you asked a cross-section of people and had a big chart, what was that spending or debt, which was it? >> spending over the life of the republic. stuart: and what was the general response when you showed them the chart, went off the roof? >> maybe because they were looking at the chart, but at least people were upset. said it's too much. we've got a cut. definitely got to cut. what should we cut? um, hmm. in fairness when people are on camera, it's tough, but it's not something people think about. stuart: isn't that the age-old problem, john? when you spend government money on something, how you take it back, somebody gets hurt, and somebody thinks, you can't cut

that and once people have it, they doesn't want to give it up. even greece, which is in horrible shape. they have laws that says you get two year's severance pay and finally after three years, they cut it to one year. and why hire someone if they don't work out, you have to fire them and you have to pay them for a year. stuart: this is unbelievable. what did you get on your man on the street series of interviews. i hate to use the word, is it public ignorance? >> it's public ignorance and shows we live in a pretty good country where people don't feel they have to pay attention to these details. let's get real. most people don't watch, don't even participate, don't watch. but there's there's so much stuff we could cut, the cabinet department. stuart: give us your raft of cuttable items. >> we don't have time. coverage just happens, why do we need a department? labor, too, agriculture, too. we now have more bureaucrats than farmers in many states. these departments just get in

the way of life. let's get rid of them altogether. stuart: you know, as well as i do, you came up with the idea before i found out about it, the government has an insatiable desire to control, organize a bureaucracy and let's have a look at that. and agriculture, got to have a look at that. and it's sold to the people on the grounds that you need us, you need us to sort out agriculture. you need us to sort out commerce and better yet, we'll spend money on it so you might get a piece of it. >> this makes sense to people and most people aren't paying that close attention and thomas jefferson says that's the natural progress of things for government to grow. but-- >> i put it to you, the state of america today is not conducive to cutting back on government, is it? >> but thanks to this current group of hard-core republicans, at least people are thinking about it and the conversation has begun. maybe people will wake up. stuart: maybe, but we've been

beaten badly, politically beaten badly. opening the door to collectivists to keep doing what they're doing. >> you're depressing, you're right. stuart: you won't play politics. you won't get involved in politics. you're all principle. that's all you are. >> and i have this fantasy that it will work politically, too. that somehow, look, rand paul is talking cuts and he's popular. in some parts of the country, people understand that you can't give everything to everybody and they'll vote against the big spenders, maybe. stuart: you're a man of principle, aren't you? >> i like to think so, others think i'm a jerk. stuart: that's why the ratings for your show are so strong, i believe. >> well, thank you. stuart: when exactly is your show on the air? >> tonight, 9:00. that would be 9 eastern, i believe? >> that would be. stuart: and which network would this be. >> the fox business network. stuart: you get it all. >> you don't get it, ask for

it. stuart: hey, john, i'll be watching. love it, thanks indeed. >> thanks. stuart: when will we finally shed the obama economy? this new normal. when we'll get rid of it. my take on that is next. ♪

>> well, take a look at facebook. hit a new high. 51.57 right now. harsh words for senator ted cruz from the wall street journal powerful columnist dan henninger, wait until you use the word he used to describe him. he'll be here at 10:00. condoleezza rice is on the playoff selection committee. a lot of the sporting world's establishment does not like it. we have ms. rice's response. that will be new at 10:00. all right. now what? you know the story, last minute deal, spending and borrowing continue as normal, we've got it, we know it, okay. where to from here? do we have any shot at shaking off this new normal?

this malaise of weakness, division, handouts and debt? and here is my take. when i say shake off the new normal, i mean, returning to a robust dynamic growing economy, what would it take to get that? tax reform, above all lower rates on people and businesses. all right, how do you shake off the divisions in this handout society. this us versus them mentality? how do you get rid of that? jobs, lots of them and you get that through growth, big growth. and then the debts, can't shake that off, but it could be controlled by reforming entitlements, growth, tax cuts and reform. in my opinion, that's what we need to be optimistic about america's future. are we going to get it? my immediate answer is no. i don't see this president changing course. he wants to transform america, make it look and feel like europe. tax cuts, reform of

entilements, change obamacare? that's not in his playbook, but i live in hope that he will grasp that opportunity, slim hope, yes, but perhaps president obama will see the next three years as a chance to reshape his legacy. the way things are going now, we will look back on the obama years the way we look back on the carter years, malaise comes to mind, does it not? but a shift towards tax reform, a shift towards sustainability for entilements, that would change the tone of this administration and change the legacy of this president. i live in hope. [ bagpipes and drums playing over ] [ music transitions to rock ] make it happen with the all-new fidelity active trader pro.

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♪ stuart: thursday, october 17. stocks just want to go up. it is ibm spoiling all the fun. obamacare comes back to haunt the president. tame compared to dan tanager's label to ted cruz. mark cuban not guilty. talk about a firestorm of

criticism. we bring you the soccer ball that claims to light up the word stayed there, please. the great charles payne moments from now. ♪ stuart: you can have a smile on your face when you look at the big ward right now even though it is down 109 points. ibm, goldman sachs, united healthcare. those three contributing all, i believe the dow has lost all of it because of those three stocks. it is not a selloff, a few down stocks. this market wants to go up. charles: it shifts. it wants to go up.

i think it will be a tight range. we have these earnings that are coming in a little bit sloppy. stuart: the great charles payne disagrees with the minor league. charles: no, i agree. stuart: you said that the bias was to the downside. did you misspeak? charles: i must have. the bias is to the upside. stuart: said there for one second. i ever talk about winnebago. nicole, how big of a game?

nicole: some of them are upwards of $200,000. they are seeing the demand red nude. stuart: charles saw it coming. charles: the lowest price $19. stuart: that is interesting. look at that charge. it is 28. you are holding it question i am not this hearing you now, you are holding it? here is the intro, obamacare

comes out untouched. here is how some senate republicans reacted to that news. >> is deal does nothing for the millions of people that are hurting because of obamacare. >> it is just a website that does not work. stuart: betsy mccoy is here. you say that this is not just a glitch. does that mean that you cannot fix it?

>> it is not a glitch. one of which that is so absurd, any woman shopping online would say let me browse. this government website did not let you browse into you entered all of your personal information up front. stuart: i log on, i give them all my personal information -- >> you have to do that before you shop. stuart: only then do they show me what is available and the price thereof. >> they wanted to avoid sticker shock. how could they show them that? your income, your household size, whether you would be eligible for a subsidy. one of the many design flaws

that made this big exchange dysfunctional. it is not the exchange that will make obamacare fail. it is the employer mandate. employers are already responding to it. their obligations will be based on how many employees they have in the coming months. i have thousands of pages all around my desk. they are suffocating business. they are suffocating .yours. stuart: here is the key question, i heard words like collapse used. >> it is halfway there. >> that implies that it stops

dead. you cannot go on. it freezes up. >> eventually, those politicians in washington have got to do something. stuart: i m sorry, charles. i am cutting you off again. >> the exchange was only supposed to cover -- the broader dysfunction is what it is doing to people that get their insurance at work. stuart: i met you outside the studio this morning and you were --

>> fired up. stuart: about this extension of the debt limit. >> article one section eight says that congress has the power to know. it is congress that determines what the debt ceiling is. they can stop the president if they have a two thirds majority. suddenly, the president has all the power to decide how much of this nation borrows until february 7. stuart: he can borrow and spend what he likes? >> borrow. spending is a different honor. the supreme court has ruled in the past that congress cannot change it.

stuart: you were fired up. a very good point. betsy, calm down we still have a couple of months. betsy mccoy, everyone. good stuff. quickly to nicole. spoke, another new high? nicole: let's start with the numbers. 51.79. an all-time high for facebook. what they are doing is relaxing the rules for teenagers. thirteen-17 -year-olds can now show photos on there and even have all lowers that maybe complete strangers. as a businessperson, they say that is what facebook has to do to compete with other social

networks. you feel a little bit torrent. stuart: this is a big relaxation of the privacy rules. it is quite a big move. >> it really is. they will be showing photos and postings of who when, what, where. you can have people following you that you do not even know. stuart: good stuff. thank you very much, indeed. i want to stay on the markets. let's been dan shafer. if i followed your advice, i listen to you, i would have

missed out on this rally. >> i am not 100% net short. i am that neutral. stuart: you are saying that the market is going down. >> yes. stuart: big-time. >> big-time. no political headwinds is what will bring the market down. stuart: look, temporarily it has been settled. >> history repeats itself. that is the nature of markets and economies and civilizations. charles: history repeats itself, but when? much do people miss out on?

>> i am not saying to sell now. people are not buying right now for many reasons. stuart: we have viewers who are listening and watching the market now. >> it is in the economic and political wind. all of the cards are in place for this market. we saw it after 2000 we saw after 2007. the earnings are not there. charles: do people go seven years without doing anything in

the market? we do know that the market will be challenged and it will come down. >> when you have government intervention, that is what you have. they are trying to float this boat. charles: should i not take advantage of that? in if you are 55 years old, you need to be ready to pull the trigger when it starts to tip over and light in your closure. stuart: the market is down 96 points on the dow. >> they are trying to make it go

up. stuart: where is this money coming from? >> people may be buying stocks because it is safer than government debt. stuart: maybe because the stock market is going up. >> where are the earnings to support the prices? stuart: 110 million a week. that is where the earnings are. >> of course that is where the earnings are. are they growing? stuart: that does not mean they will crash. out of time. dan shafer, we hear you. thank you for joining us. dan hemminger has some strong news for senator cruise. he is a powerful guy. he willt all in a

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so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, whe experts watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. ido more with less with buss energy.hp is help. soon, the world's most intelligent servers, designed by hp, will give ups over twice the performance, using forty percent less energy. multiply that across over a thousand locations, and they'll provide the same benefit to the environment as over 60,000 trees. that's a trend we can all get behind.

♪ stuart: new video to show you right now. vice president biden welcoming workers back. that just happened. charles, reportedly, will make us money. charles: they make bullets, among other things. real bullets. they made a ton of money. they found they have had to find other ways. absolutely phenomenal. the guys who make the binoculars, they are leading in the so-called area of green ammo. a lot of legislation to try to supersede, to sort of squash the second amendment.

these guys are probably one step ahead. stuart: it is not a bullet? charles: it would get around those new laws. stuart: what that chart up again. look at that. >> it is a tough one. charles: if the stock is broken these days, leave it alone. stuart: drumroll, please. dan. the precise word was he looks like a bozo. it is not like you to use that kind of language. >> that is how he looks.

when he started out, he looked somewhat like a hero. he stepped forward with a strategy that had no chance of succeeding. before all of this started, in the polls, the republicans were beginning to rise. president obama was kind of in a state of the client at that moment. the republican brand is in an absolute downward nosedive. the strategy has simply laid waste to the republican brand. stuart: do you think that voters have a long memory and this will be remembered in november of next year? >> a lot of this is about

counting votes. mitt romney discovered that. this has frightened a lot of the voters in the middle. a lot of people on the right have to have two win or you lose. you cannot accomplish anything. stuart: ruined the republican brand. >> significantly damaged it at this point. i know it made them could. feeling good about what has been accomplished does not win you any big boats. stuart: you sound like you are in spare.

you have not got a dog in the fight. >> not much of one. we will go into negotiations. at that point, republicans have lunch against a weekend leveraged president obama. at some point, they will find themselves in the same state they were in the last few weeks. stuart: what are you going to do next week? [laughter] stuart: dare we ask?

good stuff. thank you for joining us. former secretary of state name to the college playoff committee. you will not believe the reaction in the sports community. sandra smith and charles payne we act to this after the break. >> i have actually never been russian either. you can know something from following it and studying it. i have spent a lot of my saturdays with college football. ♪ [ tires screech ]

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♪ stuart: looks like a selloff, it is not. ibm, united health, goldman sachs. if it were not for them, this market would be up. "condoleezza rice, all she knows about football is what someone told her and what she read in books or saw on television. to understand football, you have to play with your hands in the dirt."

sandra, in chicago, i wildly respect condoleezza rice. what do you say? >> she is a very accomplished athlete. she is an amazing golfer. she is an academic. i will defend her to the nine. we are all fans of football. i have never played the game. i know the rules. we were just talking about pete roselle. she has all the authority in the world to talk about the game. that comment, by the way, came from auburn university's coach. stuart: go ahead, charles.

charles: these guys can be commissioners of the nfl. listen, i think there is something that needs the surface there. she is amazing. stuart: the nfl going pink for breast-cancer awareness month. $3.54 out of $100 actually goes towards research. college football getting in on this pink thing. the university of oregon showing off these uniforms. did he design this pink uniform? >> i think that he did. he is the guy from nike.

i think it is an amazing thing. they will auction off these. stuart: it is largely symbolic. the amount of money actually raise for breast-cancer research is very small. charles: the awareness is good. i think they have a good track record. stuart: you very much. mark cuban cleared of insider trading charges. the judge is next with that. ♪ ♪

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up 3.5%. van halen. his ex-wife is being sued for using the group's last name to promote her company. the band says hey, that name is confusingly similar. i am taking the side on this one. i am not going to take sides on this one either. a jury cleared mark cuban of insider trading charges after deliberating for just three and a half hours. the sdc has been going after him for five years. q then maybe another example. even mark cuban himself says this is another example. what do you say?

>> the facts of the case are a little unique. market cuban acquired insider information and promised not to reveal it and traded up on it. mark cuban said he had no recollection. his lawyers, in fairness to them, told the judge ahead of time they cannot produce the conversation. the significant part about this case is, is an insider? the judge explained the law of two was an insider to the jury.

did mark cuban have a lawful duty? the answer, no. did cuban agree to keep a secret? we have no testimony about the conversation. and of the case. stuart: do you think it was a political prosecution? >> he is very well known. very strong political views. he is a strong libertarian. he is super rich. he made his fortune, as you and i discussed at about 5:30 a.m. this morning, he sold his business for a few huge amounts of money.

they usually get federal prosecutors to prosecute. they cannot do it when they have weak cases. you have to prove it beyond a reasonable doubt. the government knew it had a week case. he probably spent more to defend himself. only a $750,000 trade. this guy is worth billions. stuart: when the government comes after you, you have to defend your self. you can be crushed. charles: i had a stock i recommended in 1992. they said some people were in a room and they mention name. i was not there. finally, i was raising money.

i paid a $25,000 fine. i did not admit guilt or anything like that. in some ways, it was smart. >> charles is 100% correct. it is far less more expensive to give the government it's half pound of flesh then to bankrupt your self. stuart: you have a signature editorial in today's washington times. >> and fox news.com. stuart: tell me what you are saying.

>> i am reminding people that when you owe a mortgage and you can pay it and do go out to borrow money to pay the mortgage, you are increasing your debt. that is basically what the government does. it is an insane way for the government to operate. 1917, would world will send our money to pay for world war one. the government is not interested in returning principal. stuart: that is the structure of this do agree that. >> she is correct.

it takes away the power over borrowing gives it to the president. stuart: we will await your legal challenge. the dow is still down 74.73 points. it would be a rally but for three stocks. ♪ you really love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that person were you? ♪

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♪ stuart: we have those initial jobless claims this morning. down 15,358. a new role for phase. it is now allowing teenagers to share their posts with anyone online. shares of facebook, actually going up. 51.36. washington state has approved rules for the part industry. they take place in one month.

sales expected to begin in the next year. remember washington state, colorado, legalize the possession of marijuana by adults 21 and older. i know about soccer. we have a ball that lights up. seriously. ♪ it's a growing trend in business:

do more with less with ss energy.hp is help. soon, the world's most intelligent servers, designed by hp, will give ups over twice the performance, using forty percent less energy. multiply that across over a thousand locations, and they'll provide the same benefit to the environment as over 60,000 trees. that's a trend we can all get behind. ♪ stuart: okay. i know a few things about that. my next guest brings be a soccer ball that creates energy within

it while you play. wait for it. jessica matthews is here with us. may i touch it? >> yes. thank you so much for having me. stuart: it seems like a regular ball. >> that is the point. stuart: the energy goes inside the ball. >> it is harnessed stored inside the ball and used as power for small appliances. stuart: show me. >> any motion that the ball, once you are ready to go, you just open up the blog, put it in and plug it up. stuart: show me the light. >> this is designed primarily as a power tool for the developing world. you have kids who -- actually,

you are a little bit of both. stuart: totally agreed. we are not burning it kerosene fuel anymore. >> it is fun. don: in acre, as you know, you had the ball. >> the hardest part is making it as light and soft as it is. stuart: how are you going to make money? how much? if i want to buy one, how much? >> it will be equitable cost. that is what we are working

toward. usually, it is around $10. we are looking to expand the business and invite friends and people in the retail market into the impact model. stuart: you go to the jew guys and say, hey, use this ball. kick it around using your shoes. >> people who are conference here in the u.s. and uk. if you walk by a ball, by this one. stuart: is as a charity or will you make money? you want to make money? >> it is about sustainability.

you are supposed to do good in everything you are doing. charles: to your point, there is certainly a large odds that would go out of their way to buy that ball. that is growing every day. stuart: i played soccer in my time. you kick things hard. it hits the goalpost with enormous racket. >> you should see the testing we do with this thing. it is what we have been doing and development all this time. we need this to last longer. we have been working with corporate sponsors. we have been monitoring evaluation.

we are hoping to open it up to retail as well. stuart: jessica matthews. she got it all in. thank very much, indeed. >> thank you very much for having me. stuart: that was terrific. thank you. good luck. it is official. we have a name for my new dog. you helped pick it. we will tell you all about it in moments. ♪ [ woman ] if you have the audacity to believe your financial advisor should focus on your long-term goals, not their short-term agenda. [ male announcer ] join the nearly 7 million investors who think like you do. face time and think time make a difference. at edward jones, it's how we make sense of investing.

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lou: coming up on lou dobbs tonight 7:00 p.m. eastern, the government shutdown is over. our credit is spared. what did it accomplish? kevin brady on the click winces of what we have just watched over a 16 day time. stuart: new jersey voters electing cory booker to the u.s. so yesterday.

to think it sets a patent for the rest of the country? charles: it was not that large. all things considered, the mayor of the largest city in new jersey wins by nine percentage points. stuart: it is not that big of margin. i interviewed the guy running for -- he could not articulate any sort of passionate way. that is what we are talking about here. how to articulate these messages. they better learn a lesson.

stuart: thank you, charles. the name of the new varney family dog. after reading thousands of your suggestions, literally, it was thousands. the family and i have settled on arthur. thank you, everyone or your comments and ideas. arthur is settling in just fine. charles: why did you gravitate to arthur? stuart: look at him. i love him. he is a great little guy. back in a moment. ♪ [ male announcer ] need help keeping your digestive balance in sync?

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stay in the groove with align. stuart: earlier i asked if we

had any shot at shaking up the new normal of weakness division, handouts and debts. my immediate answer was no because i don't see president obama changing course anytime soon. that was my take, now your take. april says this government is no different, a puppet parliament of elite wound to the wings of the king. all right. the sky is the limit of where we are going. the imbalance will never be fixed so i might as well enjoy the ride. i hear you. another viewer tweeted this. america is fundamentally changed. congrats, obama. he just turned the greatest nation ever into garbage. that is nonsense. not true. i am done. connell and dagen, it is yours. dagen: i wish i could give you more time. great to see you. we're standing by for president

obama expected to speak any moment now about the debt deal and the government reopen for business this morning. the cost of a shutdown of $24 billion. now we have the cost of restarting government. economists say that bill will run into the billions. and some pork attached to this new law. lawmakers able to sneak in some questionable spending. we will talk about that. and we have somebody on who is fired up. all that and so much more on "markets now." ♪ connell: "markets now" begins bid the government reopens waiting for us to get on air before he addresses everybody else. we expect him in a couple of minutes so we will take that out of washington as soon as things begin. here comes the president into the room at the top oth