i'm bill moller. angela miles is off today. in today's first look: going into the weekend the markets continued to ride the wave of hope and optimism that a washington deal on the debt limit was near. wall street opens this morning after another strong run on friday. the dow closed at its high 111 points higher nasdaq 31 higher, s&p 10 up. gold continued its fall. down 27 dollars for a weekly loss of more than 3 percent. oil ended down around a dollar. caused by the prediction that next year the united states will overtake russia as the world's 2nd largest oil producer behind the opec nations. the prediction comes from the international energy agency. the 2 largest mortgage banks say rising interest rates pushed 4th quarter loan originations to nearly half of what they were a year ago. wells fargo and jp morgan say home loan applications have been on the downward slide for nearly 6 months. a lot of talk and a lot of hope over the weekend, but as of yet no clear breakthrough in terms of the government shutdown or what to do to r

bill moller gets into that after the break. i'm going to pass chemistry, and i'll take it from there. i'm going to do what makes me happy. i'm going to work hard. be independent. live large. make the most of every opportunity. i knew i wanted to go to college. but figuring out how to pay for it? i didn't have a clue. the u.s. department of education has over $100 billion. and that's a lot of money. to help students pay for college. and the free application? you mean the fafsa. i did it online. it was easy. i'm never giving up on my goals. i will make a difference. i'm going to find out how to pay for college. i'm going to college.gov. we take for granted the one of life's greatest investments, that maybe our most important asset is the home we own. the american dream of wealth building right? or is that the case? heather wagenhals is a columnist, speaker broadcaster and author on matters of finance - you're also a licensed real estate broker yet you say home ownership is a huge economic scam? > >it can be and it's a shame becau

and as one congressional fight wraps up...bill moller takes us inside a " new" battle on capitol hill. first business continues, right after this. ♪ ♪ ♪ ♪ ♪ today was deadline day - the day the united states, because of political intransigence, almost fell into default. that isn't going tohappen today. americans had been bracing for big plunges in their 401-ks and other retirement and investment funds. let's talk with paul stevens. he is president and ceo of investment company institute - the national association of mutual funds & other investment companies. millions of people have trillions of dollars in their retirement funds. they're very shaky even with the fact that at least we've passed this bullet for now. what can you say to comfort them? > >well, first they're not uniquely at risk. this is such a big deal that anyone who saves---anyone who invests--- anyone who borrows---anyone who has a stake in the economy would have been impacted. secondly, i would say don't do anything rash. this is not a happy prospect but it's not one that's likely to be long-lived and shouldn't interru

it's monday the 28th of october and i'm bill moller. angela miles is off today. in today's first look: analysts expect the technology run, should run on. the pace was set last week by amazon and microsoft. the baton is passed this week to apple and linkedin. the markets open this morning with a lot of positive energy. the dow starts trading about 120 points from its all time high. a 13 year high for the nasdac and that there is a record high for the s&p 500. for 2 weeks straight, gold closed higher. energy stocks were up friday though they posted a loss for the week. wholesale inventories and sales were up about a half a percent for august. the data are late due to the government shutdown. on the other hand business investment is slowing- a sign of waning confidence? commerce department data show business investment has stalled - a possible signal that business leaders have less confidence in future economic growth. a lot of traders spent the weekend raising glasses of champagne toasting the good times. let's talk to scott bauer, he's with trading advantage. scot

and,.bill moller reveals if advances in technology are hurting american's in the long run. we'll be right back. innovation - it is what business leaders worship. it's the backbone of america's business greatness. but - innovation can go terribly wrong. kodak was trying to innovate its way back to the top when it lost its way and disappeared. this is explored in the book, "the dark side of innovation" by ankush chopra, professor of innovation at fribourg school of management in switzerland. define this dark side. > thank-you for having me here! you are right. the dark side of generations is not like normal generations. it punishes the innovator. instead of enhancing your profits it destroys your profits. i call these innovations that punish the innovator by destroying it, "the dark side of innovators." what kind of a business environment do companies find themselves in to go down this wrong path of innovation? > this can happen in almost any industry. i have seen it happen in the digital industry, i seen it happen in the sport watch industry. it's right now happening in micr

in lieu of an unemployment report this month --- bill moller and company step in to assess the situation. thats next. and later, corporate earnings kickoff! we check in with how traders are preparing as jpmorgan and wells fargo report. we'll be right back! friday's official september jobs report from the bureau of labor statistics - was officially cancelled. the government shutdown has left only 3 people at work in the bls office. brent schutte is market strategist with bmo private bank. you know, there's so much chaos going on. a lot of gloom. and yet you are optimistic in what numbers you're able to look at. > >sure i think the u.s. economy is getting better. and i think it has the chance to get quite a bit better. if you look at the global economy, it's actually strengthening. and the global economy has been a headwind for the past couple of years. the jp morgan global pmi index is at a 27 month high. you look at things like the baltic freight index---more freights circulating. and so i actually think that the economy is getting quite a bit better. and the thing with the u.s. is that

and, bill moller bring us shutdown solutions for investors who are losing sleep this week ... that's next. the partial shutdown. the pending national default crisis. what's an investor to do? what kind of strategic planning or adjustments might you be able to make to minimize any impact on your portfolio? let's talk with steven esposito. he's been here before. you're an advisor with morgan stanley. how do we approach this? do we think defensively or cautiously? > >i would lay back right now. i would make sure that we focus and keep a cool head right now. if you're nervous i've always felt the best hedge is cash and knowledge. so right now if you feel uncomfortable, you feel you're overly invested at this point pull back. put some money in cash right now and just maybe wait it out if it helps you sleep at night. > >so, you said this is a short term. so, that would caution us not to overreact? > >correct. i wouldn't panic and just run out and sell your entire portfolio out because of what may or may not happen. there's a good chance that they're going to resolve this between now

bill moller reveals why after the break. i'm going to pass chemistry, and i'll take it from there. i'm going to do what makes me happy. i'm going to work hard. be independent. live large. make the most of every opportunity. i knew i wanted to go to college. but figuring out how to pay for it? i didn't have a clue. the u.s. department of education has over $100 billion. and that's a lot of money. to help students pay for college. and the free application? you mean the fafsa. i did it online. it was easy. i'm never giving up on my goals. i will make a difference. i'm going to find out how to pay for college. i'm going to college.gov. cash - money in your pocket or the bank. it's the physical form of currency. but did you know cash costs you. a study by tufts university finds using cash costs us 200- billion dollars a year. bill hardekopf - columnist in forbes & the christian science monitor and ceo of lowcards.com has written about this study. bill how does cash cost us? 200 billion is a big figure. break it down for us to the individual or the household. > >well, 200 billion is a hu

miss manners joins bill moller to set us straight after the break. th a deadly disease. i was one of them. i'm a nurse and i knew how damaging the disease was to my life. nothing i tried seemed to work. my brother died. from complications of the exact same preventable disease and i knew i had to do something to get healthy. my disease was obesity and after consulting with my doctor, i received the effective treatment i needed. obesity is a second leading cause of preventable death in the united states. but it's a treatable disease, and there's effective treatment options available. now is time to get help. please join the obesity action coalition and acknowledge obesity as a disease for acceptance, for access to all effective treatments, including diet and exercise, pharmacotherapy and weight-loss surgery for obese adults with at least one obesity related comorbid condition. visit obesity action dot org and sign an open letter pledging your support and for more information about how to talk to your doctor about your weight and your treatment options. together we can make

and, after the break bill moller joins us with ways to keep your cool at work if tensions are running high. stay with us. i wanted to be in the military since i was a kid. i served a total of 16 years. and at 19 years old, that's the first time i ever saw somebody die. coming back, i was raging. i started having pretty horrible nightmares. i started drinking a lot. i guess i never recognized it in myself. it all starts with going to the va. there's a whole community of veterans that just want to help you out. it's for the guys who couldn't come back, you owe it to them to live well. because they're not here with their families. danica patrick: for the millions living with copd, breathing becomes a real struggle. copd stands for chronic obstructive pulmonary disease, but you may have heard of it as chronic bronchitis or emphysema. over time, it makes it harder and harder to breathe, until you feel like you're breathing through a straw. copd is the 4th leading cause of death in the u.s. it kills one person every 4 minutes, and it took my grandmother. an estimated 24 million americans ar

bill moller brings us that uplifting story, next. i wanted to be in the military since i was a kid. i served in the united states air force. i served a total of 16 years. i was deployed 13 times. on my second deployment four bombs hit my vehicle. and at 19 years old, that was the first time i ever saw somebody die. coming back, i was raging. i started having pretty horrible nightmares. i would wake up in middle of the night sweats. i started drinking a lot. i felt worthless. i guess i never recognized it in myself. eventually, one day i just walked into the va hospital and said i'd like to see somebody. don't suffer alone. you've got to find that link with somebody that will make you let it go. it all starts with going to the va. there's a whole community of veterans that just want to help you out. it's for the guys who couldn't come back, you owe it to them to live well. because they're not here with their families. i'd like you to meet someone. her website, founding moms, which helps mom entrepreneurs found new companies, was just named one of forbes' top 10 websites for women ent