gemma, thanks. >> thank you. >> gemma godfrey. that's the real question. once you get the government stuff out of the way, are you going to -- well, gep, you look at the positives now, right? yellen's positive for the market, viewed by many people, continuing the stimulus policies of the fed, am i wrong? >> no, you're not wrong. we know that washington's going to get fixed. the problem is, how much damage do they do prior to them fixing this issue? that's why the markets had the sell-off. no one expected it to go this long. there's real damage being done the longer it goes on. >> it stands to reason that if you are worried about the taper talk, you look at the stocks that were hit the hardest, reits, mortgage-related issues, emerging markets, gold, now that th taper talk is off until march, she doesn't clear her throat until january, given the focus on unemployment, stands to reason you go back to the hard-hit areas and realize they'll get more slack now on the monetary policy side. >> judge, i'd be all over still zillow, symbol z, trulia, trla, a couple o

announcing layoffs and we'll continue talking to gemma and been asking you guys -- >> that was good.got the ready -- i brought in cupcakes, as well. yes, yes. >> those look pretty good. >> vanilla cream. >> the trick is to be able to eat a cupcake in between the bits when we're not actually on air. >> ross, i think you have 30 seconds right here. you can eat one quickly. oh, no. anyway you're still on camera. cupcakes aside maybe we'll give you one if you answer a few questions. what you maid of president's wall street warning. was it genuine concern or just plain politics? gemma says they might be complacent, but john from hungary tweeted us to say obama is exasperated -- exasperated with the negotiations. but he says he won't negotiate. what a bunch of complete dot, dot, dot. i wonder what that could be, you can fill in the blank yourself or send us another one. do you agree, disagree. join the conversation on "worldwide exchange," get in touch with us. e-mail us. see the twitter handle @cnbc ash i'm @deecnbc. >> thanks for that, dee. the dow down 5 points. yesterday right now the

gemma allen of ladden and allen family law is here to talk divorce and dollars.ing to you. > >good morning. > >divorce is such an emotional issue. but it's also very financially oriented. so what can people do to protect themselves? first off, i would love to have you give us a worst case that you've seen in your law practice. > >one of the worst case scenarios is people who think that once they're divorced, the taxes they filed jointly when they were together can no longer haunt them. the fact is that they can haunt you and they often do. and you never want to have an enemy like the irs. and the irs doesn't care--- even if your spouse indemnified you against the taxes---the irs will say, that's great. that's between the two of you. i'm coming after wherever i can find the money. > >and your creditors don't care that you have signed on the dotted line either. they just want their money as well. > >exactly. a credit card is a perfect example of a somewhat lesser enemy but also a tough enemy. credit card collection companies will say---i don't care if he or she ind

tesla may grab the headlines, but gemma says the best mo-mo trade is somewhere else. she'll explain. >>> the top story, is the market on the pace for the biggest monthly gain since october 2011? new all-time highs today for the s&p, the russell, the transports. we're talking about where the opportunity is in today's market. is it in the united states? is it elsewhere? it's "halftime report," let's play the action. steve weiss, where's the opportunity right now? >> still in the u.s. what i'm really concerned about is the euro. that will make the export of germany, every country is dependent on, iffy. if you break out financials, the european markets aren't that cheap. there are turnt opportunities t but you need more laser focus than the u.s. >> euro's, what, a two-year high at 1.38, and that will be an issue in europe, is it not? steve weiss is even worried about it as even investing over there right now. >> i agree with him, and i think it will hold them back, judge. it will clearly be a headwind for employment over there, even though they've done better than we have

>> at home, gemma checked if electrical devices were switched on when they weren't needed.after completing all the tasks in her workbook, she'll be able to call herself a climate ambassador. >> because they work on it at home, they ask themselves how their family could help the environment. it's important that they get their families on board. >> jenal came up with all the exercises himself. he purposely chose to use a polar bear, because it's a symbol for climate change that children already know. in the comics, bo comes from the arctic to germany. he meets bonni the lion, who knows nothing about climate change. >> so he left all the lights and the tv on, even though he wasn't home. >> but, thanks to the climate license workbook, these children know better. jenal educates some 300 children each year with his project. the 35-year-old also practices what he preaches. he gets around without using a car. ♪ jenal likes to listen to music while he works. he earns his living as a freelance artist and mainly draws for environmental organizations. currently he's trying to illustrat

of gallup gemma clifton who has the world's leading research and analytic firm says even these numbers are far underestimated everything that you read says fifteen to twenty percent unemployment unemployment in the world is fifty fifty percent and i think it's such an important number because i think that's what drives i mean the instability countries are describing all over and it's not just the middle east but at the very end of the day it's more about unemployment and estimates are are grossly inaccurate and forecast for next year aren't optimistic and employment is getting worse it will get worse in two thousand and fourteen because of the single metric that nobody talks about jobs occur where new business startups occur. new business startups are at the lowest rate per capita that they've been in forty years so what should people do if they're unemployed and depressed we need to share what we know about human beings is that we're highly relational so that means that we need to connect connect connect connect and that's going to help us to survive this period in which we don't have

the note got our attention, and gemma's here live on set. to see you in the house. >> thank you very much. >> so let's talk about this because we have been talking about investing in i merging markets and the opportunities that lie there. they make the case that emerging market equity funds are take inordinate risk business tilling portfolios to growth sectors too much. egregiously overweight consumer and telecom names what the report says. >> we need to look at why people are investing in emerging markets and what risks they have misses. looking at a momentum-driven market and investors are missed out on this rally. they're trying to catch up. the problem is, if they're trying to catch up with a speeding car you need to move faster. looking to invest in emerging markets as a leverage play which is fine on outside but the risks are magnified, developed market risks more so in emerging markets, deficits, weak lending, weakening growth and credit ratings downgraded talking about india, potentially to junk level. >> you think there's opportunit

. >> great to talk to you as always, gemma. thanks so much. you like europe?i don't like europe. i don't like china. i don't like anything. basically in picking stocks in europe, beni. they have a wonder play in the telecom area. they have a business in bra dzi. there's bargains. we like a company that makes parts for cars called brembo. expensive car. little red products on the wheels. you go see the movie and you see these products are hot. we pick stocks. there's $3 trillion in a global marketplace in telecom. europe consolidated. which ones do we pick? you saw what verizon did with vivendi. britain is still part of did world. >> maybe. >> so -- that's -- that's where we are. we have a bunch of companies. a variety of companies. large and small. >> let's talk about one specific sector i know you like. that being consumer related stocks. you like campbell soup. you like post. we talked about cereal. hayne and boulder brands. maybe we should start there. what about hayne? icon exited. some say that's a sign at the top. >> h an was one. that's not the question

gemma, that's what i asked you. we know the uncertainties and what's happening in terms of the back and forth in washington. what do you do in the meantime? would you put money into stocks right now in the u.s.? >> we're taking a breatheralloc. what we're looking for is stability. so, if you look at the environment, in an environment where there is instability, uncertainty, investors will reward companies that have reliable revenue streams. i don't mean utilities or defensives that have rallied hard. we're looking at expensive defensives. i mean, companies where you can clearly see the client base, where they'll generate their revenues from. those will be the interesting plays going forward. >> bob, you were nodding your head. do you invest based on good old fundamentals and earnings expectations or do you have to invest based on what you think the government's going to do down the road? >> yes and yes. but let me explain that. default is not going to happen. it's unthinkable the united states is going to default on

tesla may grab the headlines, but gemma says the best mo-mo trade is somewhere else.he biggest monthly gain since october 2011? new all-time highs today for the s&p, the russell, the transports. we're talking about where the opportunity is in today's market. is it in the united states? is it elsewhere? it's "halftime report," let's

. ♪ >>> coming up on "the half," gemma godfrey.u what happens next. rough going for hp. it's been kicked out of the dow. why is one of our traders getting bullish? carl, we'll see you in ten minutes. >> all right, scott, thanks. >>> a few hours from now, the president is expected to nominate janet yellen. and with the government shutdown showing no signs of ending, debt worries front and center, how much of this will impact the fed's next move? al broadus is former richmond federal reserve president. he joins us this morning. good morning. >> good morning, great to be here. >> how much of her confirmation, al, do you expect to be buffetted either way by what's going on in washington right now? >> well, i guess to some extent, carl, it depends on the timing. if we can get past some of this immediate crisis-like stuff, if i can put it that way, and the confirmation hearings begin after that, it will be easy. you know, if these issues are still out there and still not fully resolved, then it's likely to be brought into the hearings. b