remembers that? you guys are funny. charles will be with us next hour. moving right along, shut up, he says. how much did the administration now before the health care websites went all i've? that is the question. today there are reports that five million lines of code need to be rewritten to get this thing fixed. former massachusetts senator scott brown standing by. one firm is pushing back its timeline on the fed after this morning's jobs report which fell short of expectations. than the best cities in the world for business. we have the list, talking about cities more companies call home. that means more jobs. who is more excited about the new ipad? you or your kid will end up playing in real birds or candy crush on it. apple is expected to make the announcement it today but we will tell you about some big challenges facing the company as it does so. that and more on markets now.

♪ dagen: i was surprised to find out the knee is the best-selling tablet. connell: the issues price and has always been. we will charge more than anybody else and can they keep doing that? did make the issue is whether the large ipad or the minivans the pillsbury doughboy and fall for the larger ipad. date -- just being helpful. dagen: stocks held higher by the jobs report. the unemployment rate did fall but it is what they will do, nicole petallides at stock exchange. nicole: good morning. we are looking at a market that is up 63 points, 16,456 as we got in the monthly jobs report.

is true. we look to the fed and the fed less likely to begin capering and we will see janet yellen coming on board weather they do it at all. we are seeing markets with an up arrow, the dallas up 1/2%, looks like the s&p 500, the ticket in nasdaq squeezing a gain of 2%, shares of delta hitting new highss after a strong earnings report doing well with quarterly profits, increasing to help the long, not only at home in the u.s. but in europe and had helped boost revenue and u.s. seeing stock up 40 and hitting a new high today. dagen: we talk every day about these glitches that plagued the obamacare exchanges, some questioning of the individual mandate requiring americans to purchase health insurance may be facing a delayed. the mac has the white house ruled out a delay? rich edson can tell us. he is live with more.

>> we have a delayed. if you can sign up for health care as been delayed. the white house implied in a way that if you don't have access to health care and signing up that perhaps you wouldn't be subject to that fine but we are waiting for more on the administration, they still say it is early and we wonder if administratively they're going to delay the individual mandate. bad news for health care providers, hospitals want more paying customers, health insurers want more customers and if you don't have that individual mandate to get younger, healthier people picking those premiums one analyst says that unravel the loss. >> they want to get robust risk pool, they want to get everybody to sign of, they need young healthy people, the premiums spike more dramatically the following year. delaying the mandate is a problem that sends a signal that to people who might not be inclined to sign up for coverage they don't need to borrow this

year. >> the administration delayed the employer mandate, still waiting to see if they would delay the individual mandate. there are those in congress, marco rubio from florida, republican who wants to delay the individual mandate into the accountability office can certify six months after the web site is actually working and another republican senator, lamar alexander will introduce a bill requiring weekly reports on the obamacare exchanges as political pressure continues and exchanges online and not working well. dagen: real quick, before you get find you have to own insurance based on the law as an individual by the end of march next year? >> yes. there are what is known as hy cit exemptions, a dozen of them. the administration alluded to this yesterday. they would not say this but if you can't get insurance under the law if that qualifies as a hardship you can't get insurance and the won't give you a penalty and it is not enforceable would

come out of the penalty you have to the would come out of any tax refund you would be getting so the government won't take money from you. the mac thank you for the coverage. rich edson in washington and joining us is republican senator and fox news contributor scott brown. great to see you. we can talk about how the web site, the exchange websites were not designed properly. people knew in advance that would be problems, they were not tested properly but at the end of the day we need to look ahead and figure out how to fix them. >> we need to look behind a little bit. week the $400 million. imagine if apple or facebook or google send out a program for this to their public. it would put them out of ways -- put an out of business. dagen: apple launched that max program which was then a disaster and a rare lambasted and certainly vostok suffered

and are suppose the administration is suffering in a different way. >> suffering and rightly so. the federal government is too big to get out of its own way sometimes. you have people who knew and should have conveyed up the chain of command to the president and staffs saying this isn't ready. we need to delay, it would have saved a lot of embarrassment so they knew they could of full blood and said we're going to delay a month and actually fixed it but the question is how much it will cost to fix it. the individual mandate issue, we all know it is a mess. we know people like getting termination notices for their present health care. i voted against it three four times. not good for massachusetts, very few benefits for the rest of the country and not sure when the president and his team will say we need to step back and reevaluate and fix the things that are wrong. dagen: do you believe the individual mandate will be delayed?

the employer mandate already pushed off and many calls, if you're going to do for companies you do for individuals and do you think that is now in the cards? >> it has to be. you can't even sign up properly. it is ms, it is embarrassing not only for the administration but frustrating for individuals especially young people who sometimes like to get in and do their thing and move along. they moved on and on to the next project. it is a problem. we know all of the special things that people in unions and other groups of gotten, we know about the delay in the employer mandate and it should be delayed and we need to reevaluate and move forward and find ways to sell these problems together. dagen: scott brown, good to see you, thank you so much. is not going away, you are welcome back anytime. connell: 148,000 jobs added in

september. a report came out this morning, could have been delayed by the shutdown. it was short by wall street expectations. the expectation was 180,000. ahead of this many economists are saying of the fed needs to see an average of $170,000 a month to begin thinking about stopping the money flow into the economy and right now after the labor department report that barkley's pushed back expectations for taser during as it is known to march of next year so that number, maybe it is even higher. some would say it is up by 200. fred lane is vice-chairman of investment banking at raymond james launching a market which we will talk about in a moment showing us from boston so good to see you. what do you make of the jobs report this morning? what is the message view in this that you took away from it in terms of when the fed moves janet yellen coming in and everything else? >> there are no surprises, i don't think -- we are hearing

all the great news, quote, but we have are very high unemployment figure by any standard and i think there are lots of reasons for that and they're dragging our economy and m&a activity and the only reason there got dragging equity markets is quite candidly the equity markets are driven by other structural factors. where else do you put your money but u.s. equities? by historical standards, we're not ridiculously overvalued. no surprise in the jobs market, i wish to there were. i wish to was more positive, we have a lot of positive news to report. connell: is inevitable that scenario or this situation we have continues or is there something that might change it? let's take your area of expertise, mergers and acquisitions. will more companies, low-interest rate for the foreseeable future, what is the outlook for m&a activity? >> all right world, has to pull

back and let the private sector do its thing is. when we look at the conversation in washington it is pretty divisive. democrats talking about we need to maintain transfer payments and maintain food stamp program and all the rest of it and by the way that is a plus to gdp. republicans don't like to hear that. republicans like the let's lower taxes and all the evidence suggests that drives job growth and by the way lowering taxes held gdp. both sides of the aisle are arguing ideology at the expense of the american people. connell: are articulating compromise. does the factor look like that will happen? tangible effect in your view and business in terms of companies talking to each other, getting to better with just a lot of noise? >> the perfect form of factors to drive an m&a activity is available to us. m&a activity is trending upwards

but a lot of is defense of consolidation. the communications sector, mining and minerals consolidation and energy consolidations, the health-care industry will remain a growth industry nonetheless. i really believe there is a hidden demand out there for lots of m&a activity. companies have huge balance sheet cash reserves, barring rates are low by any standard, the cost of capital is low. we should have a more bourgeoning m&a market, more robust and a market and the reason we don't is because of the uncertainty around the economy and the global economy but in the united states uncertainty about how washington would get rid of its logjam and i think compromises have to be found. connell: you said it, people get so frustrated, off the top of your head you said how we could get a compromise.

why can't they figured out? fred lane, raymond james, thank you very much. dagen: we are going to look at the top cities in the world for the number of big businesses that are headquartered there. which ones are in the united states? connell: we will find out coming. some hints may be. a big winner after the government shutdown according to charles payne and charles is coming in to tell us why. dagen: the big apple announcement today, the new ipad, the new mini. is this what the company needs right now? i need a lighter. i will pay. you can save that. it's a growing trend in business:

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and this pk is the inside of your body. see, the special psyllium fiber in metamucil actually gels. and that gelling hes to lower some cholesterol. metacil. 3 amazing benefits in 1 super fiber. connell: that list of cities we promised, dagen mcdowell is excited about that. we will be unveiling of that. kohl's meanwhile joining the black there's a party. did you know there was a pretty, opening stores for the first time on thanksgiving. nicole petallides rejoins us. nicole: this is about

thanksgiving shopping, before or after your turkey or when it is still showing, you may run over to these retailers, they are now going to open on thanksgiving day, kohl's joining macy's and j.c. penney saying they are going to open their doors on thanksgiving at 8:00 p.m.. macy's and the owner of bloomingdale's, another one, all three of the stocks are trading to the upside, calls up 1/2%, bank raising them to the price target of $50, it is above that price target yesterday, that seems moot. what is interesting is j.c. penney actually hit new lows once again. over 30 year low, holding on to the stock, some higher highs rg fancial times, quote, the bottom line operating margin in china is not any higher than what we see in the u.s.. he went on downplaying the report saying the issue right now does not warrant me spending a special trip to china.

the comments coming day after the news surfaced that a medium-size law say cost 27 you on in china or 4 for u.s.. you compare that to $3.20 in chicago, $4 in london as you look at differences in other cities. there you go. the starbucks story and a follow-up from the company. that is what they are saying. if it is too much don't buy it. dagen: bob balance during the government shutdown charles payne is here to tell you about it. connell: then more on the apple announcement coming up later today, pat expected, we will have challenges apple is facing. coming. world currencies carry against the dollar in case you want to buy stocks lost a one of the city's.

>> 23 minutes past the hour your fox news minute. it is not know what prompted

yesterday's shooting rampage at a sparks have animals will. he injured two class a tentacle life of an eighth grade math teacher before turning the gun on himself. the michael -- the teacher, michael lance research two tours in afghanistan. those navigation systems that have you get to your destination can also help find those traffic cameras used to control speed and red light enforcement. that technology is being built in to some new car systems and safety organizations say having the information can be turned traffic violations and help find a way around the cameras. the new york giants are no longer with less. quarterback eli manning who threw the touchdown and when the entire game without an interception, giants defense clamped down on minnesota leading to a 23-7 win. the giants are 1-6 and those are your news headlines on the fox business network. dagen mcdowell and connell mcshane are upset about the

vikings. connell: the giants were do. not one. dagen: the vikings, this will make you feel better, the giants still -- connell: nothing to write home about. thank you. dagen: let's make some money with charles payne. could be a big winner thanks to this shutdown and the fight over the debt ceiling. connell: it went away. we haven't talked about it in a while. charles: a couple months ago website called silk grove was huge and the feds took them down, what the heck, this has gone away. yesterday they had the second-best close ever and it was the result of the government shut down but not in the way was spun in washington. when all was said and done what we do? raise the debt ceiling, still have my was government spending, the federal reserve spending out like crazy, all the things that made people weary in the first place of the u.s. dollar and other currencies around the

world. all of a sudden truth, justice and freedom which is the motto of the big world has made this remarkable, look at that, this remarkable rebound. connell: you are into this? charles: i am in to the concept, the idea that maybe fiat currency ultimately does fail, maybe there is something to the ideas that -- the reserve currency right now by default, big chinese article week ago that talked about all of our faults. they were selling their own book. they would love to see their currency be the w but half of what they said was true. i don't see any way we are going to stop this, the fed balance sheet, people talk about capering and all that stuff the new normal might be $3 trillion on the fed balance sheet. that is going to go north of $20 trillion. the balance sheet -- dagen: what get the big coin chart, the previous spike,

another article comes out -- charles: at that is the worst thing that ever happened. maybe it will work out well but when you say the name on want to go short too. connell: bet against them. charles: something to keep in mind. $1 billion, big corn right now but it is something of a barometer if you will about what we are doing wrong with our currency. connell: thank you. charles: better get on a plane and go to china. playing with fire. connell: don't make the chinese people in angry. charles: are you kidding me? godown there and dropped $0.20 off a price. connell: the other big thing, apple's announcement still to come early this afternoon, new ipad, knew many possibilities, microsoft and samsung trying to steal the thunder coming.

dagen: a christmas miracle. leonardo dicaprio, don't worry your pretty little head. he will be in the running for an oscar. best flick coming out around san the time. charles: three hours. @?? [kevin] paul and i have been friends... [paul] well...forever.

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connell: here is what is still coming up for you. we have the apple story. apple expected to roll out a new ipad. we will look at some bumps in the road, potentially. after the bumper, we have corn

crop farmers picking up on their second job. the farmers are moonlighting. jeff flock will tell us what they are up to. dagen: let's talk about some netflix. our own nicole petallides is on the new york stock exchange. nicole: it has been really exciting to watch netflix. this stock is up over 300% this year. right now, the stock is lower. that is because of a recent downgrade. the good part is the stock hit a new all-time high. the numbers were great. their profit quadrupled. they have surpassed hbo and showtime subscribers.

they have earned emmys for their programs. they are working with cable prescribers now. they, obviously, are expecting a lot of concern. that is why you have seen them go into all-time highs into negative territory now. connell: apple. under two hours now. they are expected to release their latest lineup of ipad. rob anderle joins us now with his preview. let's start with the ipad mini. the question here is price.

>> last year, it was not the best product. the kindle comes out around $200 some change. it has better technology. the nexus seven, same thing. they make money on the product. apple stays with what is really a market changing event here. they are not structured to ride this particular ways. connell: so, there is nothing that could be announced today that closes that gap?

>> they could improve the quality. the problem is it will continue to be $100 or more than the competing products. they are between a rock and a hard place. if they maintain margins, they do not sell as many. they do not have an easy way out of this unless they can find a revenue source like amazon has to fund the products. adjusting to amazon's model would be incredibly painful. amazon is driving this specifically. google has kind of thrown a monkey wrench in here. connell: we had some bar graphs up. it showed that apple is still doing pretty well.

obviously, that includes the large ipad. how big of a problem is this ipad mini issue? is it a huge problem for the company? is it one that can be overcome? is apple in big trouble or is it just kind of a bump in the road type thing? >> apple trades not on doing well, they trade on doing incredibly well. as the iphone started to cycle out, they came out with the ipad. and then the ipad mini came out. the market did not cycle. the dominance in that particular area remained with the other vendors. that is where it showcased an apple weakness that we had not

seen before. they drove the market during those cycles. connell: not a comfortable position. we will see what the answers are from apple's point of view, i guess, later today. thank you very much. >> my pleasure. dagen: more on today's jobs report coming up. connell: leonardo the caprio home in time for the holidays. dagen: head of security at one point. connell: if bo dietl is and it, i am there.

dagen: second job, selling seed. ♪ [ male announcer ] need help keeping your digestive balance in sync? try align. it's the number one ge recommended probiotic that helps maintain digestive balance. ♪ stay in the groove with align. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-2550 we have intuitive platforms tdd#: 1-800-345-2550 to help you discover what's trending. tdd#: 1-800-345-2550 and seasoned market experts to help sharpen your instincts.

tdd#: 1-800-345-2550 so you can take charge tdd#: 1-800-345-2550 of your trading. ♪ >> i am lori rothman with your fox business brief. construction spending increased. the commerce department reports it was helped by whole buildings.

no kia introducing six new devices. that includes its first ever tablet. hedge fund third point revealed it is also taking a stake. economist at barclays said they now expect fed tapering to begin in march of 24 team. a september jobs number was below estimates. that is the latest from the fox business network. giving you the power to prosper. ♪ bny mellon combines investment management & investment servicing, giving us unique insights which help us attract the industry's brightest minds who create powerful strategies for a country's investments which are used to build new schools

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dagen: peter barnes is in washington, d.c. to break it all down for us. peter: the numbers coming in less than expect it. the unemployment rate falling to 7.2%. there is a lot of rounding stuff going on in there. does this change the game for the fed? maybe, maybe not. the fed has said it is really concerned about the fiscal battles here in washington and their impact on the economy. take a listen to this. >> unfortunately, some of the things that the government has done is getting in the way of

job creation. rather than helping job creation with investments, infrastructure, tax reform. peter: let take a look at which sectors added jobs in september. a bunch of temps, construction had a nice pop, retail, government, warehousing. dagen: let's take a look at the ten year treasury. it is down almost 2.5%. it is good to see you, jean. the yield falls, the price goes

up. would you be a buyer of treasuries here? >> we would not be a buyer of long dated treasuries here. i think investors need to think about where they get their duration from. this jobs report definitely throws a wrench into how the policy discussion has been going up the fed. late last year they type it to the unemployment rate. late last year they tied it to the unemployment rate has been pretty consistently perhaps they are moving towards the so-called participation gap.

that's it that about the lows it has been since 1978. we are not necessarily afraid of taking risk here. dagen: smooth transition. talk about the appetite for fixed income. do you still see it? do you see more of a willingness among individual investors to own fixed income versus equities may be? >> absolutely. the fed, fiscal policy and fluent.

we have seen that in our products as investors have become much more comfortable. they have seen some stabilization. the fed is on hold for at least some period of time. dagen: thank you. great insight. please come back. >> thank you. dagen: take care. connell: nicole was talking about netflix. this is an interesting stat. more people visited yahoo!'s website overall fan google in the last three months. though yahoo! shares are up 70% this year. >> i think relative to google, there is only one direction that yahoo! can go and that is up.

it is a lot more attractive to buy a stock that is double digits versus four digits. there is a lot more upside with a lot less downside risk. connell: right. marissa mayer made changes. you like what you see there, in other words. >> well, look, again, there is only one way to go. fairly beaten up. again, you look at a company like microsoft. it is so big. google is under a lot more different stuff. it makes it interesting. google is into content with you

to. it is not even a david and goliath story. it is two different companies. from an investment standpoint, i think that yahoo! is a lot more attractive. connell: talking valuation. jason weisberg, thank you very much. dagen: the waltz of wall street will not be delayed until next year. the los angeles times is reporting that the film will be released on christmas day qualifying for this year's oscars. the film stars leonardo dicaprio. it was originally scheduled for release in november. they are still working on the flick. it's running time was about three hours. they have to cut it down in

size. cannot wait for it. based on a true story. bo dietl is and it. connell: obviously, we will go see it for that reason. we talked about this. sometimes you just need to leave a little bit to the imagination. you always have to explain it to us. we will go see it. that is the bottom line. would you, meantime, go on a date for a tank of gas? the new app that lets users pride their way to scoring a first date. this is a true story coming up. dagen: take a look at some

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connell: we are actually back with big news for corn farmers. the best corn harvest ever. dagen: jeff flock is in manhattan illinois with more on this. jeff: it will be an incredible corn harvest. a farmer out here in manhattan -- this is not one of your best fields.

show me that you're right there. >> that is what happens when we do not get rained for six or seven months in the summer time. jeff: take a look at prices. look at what corn has done. if you do not have a great crop, you have these prices down. >> a year ago we had worn at 720-740 a bushel. jeff: i want to take you to the food versus fuel debate. we should be relaxing. we should not be making ethanol out of this core. what are they saying today? >> i think that they are a lot more relaxed about that. we can raise our fuel here in this country.

why don't we use more ethanol. jeff: corn at four dollars a bushel is a lot easier. we always appreciate your insight. that whole food fuel thing, at this point, ethanol makes a lot of sense. i tell you, around four dollars a bushel, it gets much lower than that, you start to not get your money's worth out of a field. dagen: jeff, i love seeing you in the field. i am being literal. thank you. a new dating app allows this. the bribes on the site include

everything from a tank of gas, plastic surgery or even some cold hard cash. there is no better way to get a first aid. there is only one way of manipulation. the founder is an mit grad. connell: of course. dagen: how many boyfriends have given their girlfriend a new chest? a lot. connell: that was not the way i was planning on ending the show today. dagen: at the gift that keeps on giving. connell: speaking of websites that are out there and questions, more information coming out about the obamacare site. the warnings that there may have been before the whole thing

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we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. five somebody should be held accountable. millions of americans next year will be punished by the irs if they do not by health insurance. the way they are supposed to buy it is not working and that is not fair. cheryl: marco rubio calling for a delay. i am cheryl casone, here with dennis kneale.

we have new details for you during this hour. the much anticipated tuesday jobs report disappointing. a third of the world's most successful companies are located in just 20 cities. the top five locations where big businesses live coming up. all of this and more on markets now. ♪ dennis: welcome back, cheryl. cheryl: thank you. it only took them three weeks to get us a jobs report. i think we do not know the full story. dennis: dow is up. way below expectations. let's go to stocks now as we do every 15 minutes. nicole petallides and phil flynn. nicole: good afternoon.

the dow jones industrials are up right now. up 67 points. the s&p 500 also posting a game. the nasdaq has hit new highs that we have not seen since 2000. we got in our monthly jobs report. it was due out on october 4. we sell 148,000 jobs added. also, we have seen a lot of names on the move to the upside. we are focusing on apple because of the new ipad. netflix at new highs. we are seeing names like radioshack and coach coming under some pressure. that is the lineup for today.

we certainly have a busy day on wall phil flynn, what is going on in chicago? >> can use a queue -ese forever? that is what it feels like down here. they will only get worse after the government shutdown. take a look at gold. this is a market that has been out of favor for some time. it is because of the weak dollar and this perception that we will seek you eat for some time. our other big story today is gasoline. big u.s. oil production is surging. demand is falling.

we are in a new era of lower gasoline prices. enjoy it. back to you. dennis: thank you. cheryl: the number of jobs created still coming in way below expectations for the month of september. gentlemen, thank you for joining me. not enough jobs created in september. well off that 200,000 mark. >> typically october is better than september, as far as job growth is concerned. i do not know if we should prepare for something worse. we have seen deceleration over the last four months. we have gone through a series of these cycles. you hold your breath and wonder, will we pull out of it again. that is a primary concern right

now. cheryl: another concern that i found, it is the fact that you have job losses in the restaurant sector, in the financial sector. it has been a strength month after month this year. now that is falling to the wayside. >> i think that consumer spending will be pretty good. i think you see a lot of part-time employment. part-time employment went down and full-time employment went up. maybe some of those part-time workers now have full-time jobs. average household net worth is better. unemployment is better than it was a year ago. i think the consumer is in better shape now. cheryl: i want to stay on this consumer theme. i was looking at hourly

earnings. it is up a little more than 2% on the year. that is still a very low level. to only have hourly earnings of 2% does not seem like a good bank. >> it is not a good thing. we have never gone this far into a recovery before and had this a little over 2%. it is just an indication that we have a lot of surplus labor sloshing around. if i could just make one more comment about what you are talking about earlier in that we had a decline in jobs and food services, earlier in the year was rather muscular. some of that may have been anticipation of enforcing of the aca.

the employment mandate has now been delayed until 2015. restaurants were hiring more part-time help so that they could limit the number of hours that part-timers worked so they did not have two make the 30 hour cut off for the mandate. it does not surprise me that there is a slowdown on the hiring. cheryl: now if they could just get the exchange is up and running, we would have a better picture. are you banking on more qe? >> well, i think, with this stubborn employment number and janet yellen coming into office

in january, i think we will have qe well into next year and well into 2015. cheryl: what do you mean? they will have to pull back at some point. >> i believe that they will pull back. i believe we will have bond buying throughout 2014. cheryl: they are well off of that 6.5% rate. do you think they will have to wait until about point? >> i think they will balance between the 6.5 rate. i think they will look at the strength of the entire economy. they will balance those three. cheryl: i cannot wait to see what janet yellen does.

we are going to be hearing from apple. i know that you like the stock right now. i know that you own it. your family owns it. >> i think apple is in good shape going into this christmas and holiday selling season. i think they will have a new ipad. there are rumors that there may be a new big-screen tv. i think apple is set up for a very good selling season. i think the stock is cheap in a market that is very hungry right now. cheryl: thank you. >> my pleasure. cheryl: thank you very much.

i will have an interview in the 3:00 p.m. eastern hour. it will be with, perez. that will be about 3:10 p.m. eastern time today. dennis: what is bugging me? obamacare. president obama is in major denial right now. he says obamacare is not just a website. think, god. the feds had three years to get this right. did they rely on help from the insurers? no. they feared leaks and subpoenas from republicans. the fed did this on their own.

a sign of the arrogance of government. if we cannot get this basic starting point right, it is a clear sign it will be a debacle and a nightmare. tweet us. your comments are coming up. cheryl: october 1 was the rollout. do you think that they should have delayed it? should they have waited? dennis: given how controversial the program was, they could not dare hold it back. three years was time enough to get this right. now they have a technology surge. cheryl: lessons learned from

nasdaq's botched facebook ipo. we have the details coming up. dennis: a third of the world's most successful companies are located in just 20 cities. that is coming up next. meanwhile, take a look at energy prices. ♪ [ horn honks ]

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cheryl: you have a couple names rising higher right now. you have pfizer. you can see united health group. i do want to show you something else. this is big news in the retail sector there.

jcpenney giving us a stake in martha stewart's company. they will be selling martha stewart's products. all of those are non-macy's categories. i want to show you over the last week the charts. nicole petallides is watching a few things. nicole: these ones are not doing as well. we are looking at radioshack and coach. radioshack down 23%. coach down 7.5%. two names in the retail realm under some serious pressure.

radioshack came out with its quarterly numbers. coach, now they have posted a smaller than expected quarterly revenue. they continue to face intense competition from michael kors and kate spade. cheryl: thank you. dennis: striking new reports show that one third of the world's largest companies are based in just 20 cities around the world. these are companies that have more than $1 billion a year. paris. 168 billion. japan. 174. london takes the bronze. titans. new york, new york is number two.

number one is tokyo, japan. 613 large companies. cheryl: it is back. the fox business all-star showdown. we are down to the final two. the best of the best. the showdown winner only gets the title and the bragging rights of this shiny trophy. the final showdown and here. dennis: it will be really fun to watch. cheryl: game faces. dennis: the new york stock exchange is making a list and checking it twice.

making sure the twitter ipo runs much more smoothly than facebook did on the nasdaq. cheryl: why it could take a lot longer to get the exchange is running at full speed. we will be right back. ♪ [kevin] paul and i have been friends...

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metamucil. ♪ >> welcome back to fox business. officials in china have closed schools, airports and highways. the smog has caused serious traffic jams and reduced visibility in some places to just a few yards. the university of miami football team will lose nine scholarships in the men's fastball team will lose three under ncaa sanctions. the new york giants have won

their first game of the season. eli manning threw for one touchdown and had no interceptions in the 23-seven win against the vikings. that is your fox news minute. dennis: thank you very much. the nyse is running a bunch of test ahead of the twitter ipo. we have the president and founder of quarter trading. how do you think the new york stock exchange will do? >> i think that new york is positioned very well. the nasdaq did not really test when they rolled out facebook i think the main differentiator was the nasdaq put in three

different changes. here you have a robust test scripts that will go into affect. most of the firms, it is not mandatory, it is optional, if you will, but most will be testing with the twitter ipo. dennis: i love to point out that the nasdaq is not really a place for that. are humans going to make the key difference here as to why the ipo would do that? >> i think it is more of a technology issue. they have experienced dealing with a lot of big issues. twitter, by all accounts, 65 million shares. they want to raise a billion dollars. i would guess it will be $15 price range.

it is big in terms of retail awareness and what social media brings to it. dennis: you were saying that there was hope that this facebook ipo would finally bring individual investors back into the market. what do you think about the twitter ipo getting individuals excited? >> i think it has the catalyst to bring retail back into the market. a single stock cannot really do that. it can serve as an opening gateway for more stocks. dennis: how much of the facebook debacle was because, oh, my gosh, i cannot make a trade and there is a glitch on the exchange?

>> a lots of it had to do with the process it self. it was being sold by dealers around. when they did not know if the positions were, a lot of those firms ended up short. monday morning comes out, those firms are now selling. stocks lower. that creates more pandemonium on the downside. dennis: it had gone up 20 bucks a share. i feel like if you are a facebook insider, you did just fine. thank you very much. cheryl: did developers know the problems at the healthcare

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slowed significantly on the heels of a week august. there could be risk to the gross billings. that is not good news to hear that. as a result dropping big time triggering the short sale over

at the nasdaq. in the meantime groupon up 100% this year. a little pullback, won't discourage the ones who love groupon. the dow up 42 points. back to you. dennis: thank you very much, nicole. obamacare woes suggest problems with the online health exchanges are massive requiring maybe 5 million lines of new code to be rewritten and the latest example of government failure to roll out the viable technology. let's bring in street credit software ceo. great to see you. thank you for coming in. let's start with the obamacare website itself. this is very difficult stuff. dozens of insurance companies with a compatible system and you are not an expert at e-commerce sites but you have to make it work together. is it understandable there are glitches?

>> it is a complete debacle, it is an outrage. people on both sides of this are realizing just how bad this was in it is not about the code itself, it is about the entire process. bringing in cgi and the fleet of contractors. even in the coding community. dennis: why do you say "substandard"? >> yesterday i look at the president talking about ringing in the a team. what team did we have before? that is a reasonable question to ask. you would think with something as important as this they would think maybe can you send over the good guys? dennis: i read in one of the blogs on this, one reason the white house was reluctant to bring in good e-commerce guys, people who have done this before, they did not want leaks, the did not want republicans to subpoena the contractors. so they stuck largely with their

own in-house team creating a problem. why not hire them to do this for you? >> i have heard and navy of contractors coming in. the real issue is when you let technology driver company, you get really, really bad technology. healthcare.gov is really awful technology. you need to start with the users. check it out and see how much this would cost. by that judgment alone this is an abductive, objective failure. dennis: we need 7 million people to sign up and get on the program in the first six months because they start funding the government program. if we don't get that, there is a slide down. normally when you have to fix a glitch like this, they really have no idea how bad this problem is, they don't know when they will be able to fix it, do they? >> the answer to that is no. the people coming in right now to take a look at this are those

people looking at things like user experience, open data, getting things that can actually work. this isn't rocket science. i understand it cost as much as building rockets, but it doesn't have to be rocket science. dennis: was a government arrogance to think they could reinvent the wheel and do a better job than private business? >> i don't know if it is arrogance as it is underestimating the size and complexity of what we need to get done. trying to get people information quickly and easily and help them switch it easily. something is hot but that's health care you have to provide a user experience, and i think that was overestimated. dennis: they consistently are having to rip out multimillion dollar projects that utterly failed. draw parallel between this one for government technology gone awry and the florida prison break in which a couple of murderers got out, just with falsified documents.

what is the connection here? >> actually, that prison break the best part of that prison break was the way the u.s. marshals task force came in and clean things up quickly, got people into jail where they began. now they can talk policy and not tragedy, right? the problem was not about systems, it was about it. basic, asic it. the confidentiality, the way people log into that so you know the right people are getting in, integrity. we have no way of known in. the information to see this made any sense given the context of what we knew about these two murderers. dennis: we can blame stuff on technology but isn't it often the culprit the real wrong point actually humans? shouldn't a guy make a phone call to double check? >> making a phone call and

double checking aside from the barack rizzi to do that for every person who gets out of prison. costing $150 per day to keep somebody in jail and prison. if you're trying to make a phone call manually, that is just a nightmare process. the way we fix this, the way be fix healthcare.gov is to open standards. dennis: sounds like the ultimate contradiction because you said have to have security, but also open data. it is hard to do all those things. >> with talk about security in terms of who is on the system, but every piece of data in jail and the court system is by definition public. trying to lock it down, look at how well that worked in florida. the navy's destroyers, on budget, all-time running analytics powered data center bringing amazon.com is open

standards, open technology. dennis: appreciate you being here. speak to the uncertainty washington taken a toll on consumer spending. having retailers worried over the crucial holiday shopping season. dennis: apple looking to announce a new line of ipads within the hour. on a day with no kia and iker soft making this with their tablets.e heck were they thinkig scheduling on an apple day. next. and look at the 10-year treasuries. [ indistinct shouting ] ♪ [ indistinct shouting ]

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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. >> i am jo ling kent with your fox business brief. hang onto people who did not actually qualified for them. fresh investigator found proper payments lead to 20% of those who earned income tax credit. intended for the poor working families. construction spending increased by six tenths of 1% in august compared to 1.4% gain in july. the commerce apartment reports

it was helped by homes gains. third-quarter earnings rose year-over-year on strength in atlanta, new york and london market. the world's second largest carryback traffic recorded a profit of $1.37 billion up from $1 billion a year ago. that is the latest in the fox business network giving you the power to prosper.

cheryl: after a 16 day government shutdown, 72% of americans say they're holding back on spending. mentally the data from bank rate. this i thought was so interesting because it flies in the face of what many retail analysts are coming on television saying. it is a great retail season, everybody will be spending. you are sending exec opposites. are you surprised by how the spending was?

>> it just all kind of comes together at one point, not only yes they are cutting back on their spending and here is why, but also the fact they feel a lot less secure in their jobs and a couple of months ago. cheryl: those that are 50 and older say their financial portfolios are worse. which surprises me when you have the dow and the s&p up double-digit for the year. >> ages 50-64, they have

consistently not just this month, but consistently the lowest feelings of job security. saying the job situation has deteriorated. a lot of them are particularly susceptible to long-term unemployment and a lot of portfolios ravaged in 2008 and did not anticipate in the park e rebound because they panic and sold. this month it was across the board. there were no exceptions. that was a sharp turnaround from what we had seen as recently as september. we chalked it up to the effects of the government shutdown. cheryl: let me ask you this. obviously looked at rejected spending patterns. as we are coming into the holiday season, this is christmas, new year's, thanksgiving all combined. only 27% of those surveyed said they would be holding back spending.

everyone else the most part says not only will they hold back spending, but they will be spending less than they did last year. >> a couple of things. i think what we have is more than just a holiday shopping issue in thi in the sense peoplt have a lot of extra money to shop around. we have an economy stuck in first gear. if people will spend money one time, it will be holiday shopping season. the real issue is once we get to january or february, we get this whole circus all over again with the government budget, how much is that wing on confidence, how much is that to the economy considering consumers already are treading water in being able to keep up with it? cheryl: this goes in line with the consumer sentiment data. they really are going hand-in-hand. they say it will take months to figure out what the shutdown did to the u.s. economy and gdp to

everything. we shall see. at least you got a snapshot for us today. it is great to see you. >> tank you, cheryl. appreciate it. dennis: we are less than an hour away from the new apple ipad. reviewing the latest and the rumor mill is in overdrive. robert gray is in san francisco with what we can expect. robert. robert: we are expecting folks to start going inside any minute now. they are lined up, journalist, tech fans and the like looking to see what will be unveiled. we are expecting new ipad to highlight the event, but other things might be on tap as well. the larger format and the ipad mini. the new operating system release date and price for that, and maybe something new on apple tv as well. don't know if we will hear about that or not. the fifth generation ipad five if you will, a slightly thinner

shape, the screen will remain the same 9.7 inches. better camera involved, different colors similar to what you saw with the iphone 5c. a processor upgrade, that is expected in the bigger one as well, twice as fast. operating twice as quickly as the prior model data. a lot of processing power in your hands. higher resolution display may come to the mini. different colors as well. a lot of people are looking at the ipad, the really large pink. they introduced the ipad mini for the first time and the iphone four. it has trickled down a little bit. year-over-year you did not have the new ipad up against new ipad. it is not necessarily apples to apples. but one thing to consider is

these mini ipads still cost a lot despite the goods in there, they cannot charge as much as a fallen profit margin and apple competes with itself because there are older models with lower prices. that is a something i did not have to worry about a couple of years ago when they basically created this format. back to you. dennis: it is too expensive. thank you very much, robert gray. media minute time period netflix is soaring, but is he getting ahead of a self? popping up 11% after earnings tripled on 22% revenue growth. giving up the gains fallen today after a couple of downgrades from wall street analyst down 5%. but the stock is up more than fivefold in just one year. it is now valued at over 400 times annual earnings. in the past quarter, u.s. subscribers are up 4%. overseas customers up 10%. but the stock is up 46% in the

same area. how long can the trees grow to the sky? the headings are in. the prime minister of the united kingdom criticizing a facebook move to lift a ban imposed on a video showing a woman's beheading and murder in mexico. facebook decided to allow the gruesome video to be posted because people were condemning it. it is really wrong, yet facebook bans videos of a mother nursing her baby and sunbathing naked on the beach. even if his advisor tells sky news they should rethink their policy. and this just in, a judge delaying the sale of "the boston globe" to john henry, owner of the boston red sox. the judge ordered the issue worry that the sales to prevent the paper boys from collecting settlement against the court. cheryl: san francisco's bart

union drama is coming to an end. we will have the full update. the last bart coming up on our "west coast minute." dennis: a sign of far worse to come, your responses to what is bugging me ahead. but a look at some of the winners on the nasdaq.

cheryl: time for your "west coast minute." it is finally over. nicole: officials and union leaders struck a deal for new contract late last night. the contract ended this last

strike which ran for three days, 22 hours. they will get a 12% total raisin medical and pension payments will go up slightly. it has been a long six-month fight. caesars entertainment ending the las vegas partnership. the overnight split was a shock too many investors and entertainment analysts, but not to worry. a boutique complex on the las vegas strip is going to go forward. 185 room complex scheduled to open in april. finally, a surfer in hawaii fought back against a shark over the weekend and he won. he was surfing on the north shore of hawaii when he saw something large approach as he was sitting on his board. he pulled up his legs just in time and started pummeling the shark. he is fine. his surfboard is not so fine. that is your "west coast minute."

dennis: are the obamacare website glitch is a sign of more things to come? here's what some of you had to say. the health care act will cause private insurance competition to go out of business eventually. and then we will be at mercy of the state. jones says this is just the tip of the old iceberg. some $600 million later and nothing but problems. mike kelley says yes it is a very bad sign. the aca may turn out to be the most expensive government boondoggle in america's history. president obama owns it. finally my pal at "the new york post" makes a point. corporate websites never fail? then again corporate websites don't have two have you use them by law. it is all about apple. rumored new ipad and ipad mini be enough to fend off the growing competition in the tablet market?

dennis: apples and share in market is down 14% yea year-over-year in the fiscal third quarter. adam and lori has a coverage next hour on fox business. cheryl: four minutes. [ male announcer ] it is more than just a new car...

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lori: extreme makeover. the ipad edition be it i am lori rothman. adam: and i am adam shapiro. apple moments away from showing its new version of the standard ipad and ipad mini. also to entice holiday shoppers. lori: we will show you what apple needs to do to impress in an increasingly competitive market. adam: don't forget it is jobs tuesday and the delayed implement report shows slow job growth. in 140,000 jobs in september, far fewer than the 180,000 jobs

added in august. lori: here with us at the top of the hour of how certain they should be with the jobs come in from demand for truck drivers. bureaucrats and salespeople. adam: first we want to see how the market is doing. we will head to the floor of the new york stock exchange. nicole, i saw ups hit a 52-week high today. maybe that has reversed. nicole: will watch a lot of the names related to the transportation index. we are going to talk about the bigger picture, looking at the dow, nasdaq and the s&p. some of the tech names have turned negative today while the dow still holding onto a gain of