not the same economic data.bsolutely not. >> even the last three months last move came from their earnings during a time we were worried about shutdowns, if you look at the stock, it was 90 bucks through to the middle part of this year. what's going on they took a lot of airfreight capacity out of chime a. they are seeing more growth internationally. there's a structural change in shipping. i think valuations for these guys, and the other shippers and transports, is something that can trade at a higher multiple. >> retiring their old fleet. new planes. three quarters ago they were lousy, they recovered in terms of stock price and in terms of the way they are operating. but the vitriol over on that side -- >> they are getting up in each other's grills. >> it's a street fight. total request friday. by the way, you guys should tweet us. we are monitoring twitter feeds throughout the show. we'll take these tweets as they come in. this should be pretty interesting what we get. try to keep it classy. it's a family sho

sector releases a flood of economic data that's been postponed because of the economic shutdown. the jobs report is now due on tuesday. >>> and investors are going gaga over google. the internet giant posts first quarter earnings that easily beat forecast. >> so welcome to the first hour of "worldwide exchange." here we are, just an hour into the european session and around about 7 to 2. the ftse yesterday was just up 4 points. we close at 6,576. we saw the dow fairly flat. that's giving us a bit more of a boost on the ftse. up 0.25%. the xetra dax up 0.1r5%. cac 40 up 0.3% and the ftse mib is down 0.1%. google is posting its best profit growth in more than a year reporting earnings. but a full in the prices paid for each click. google stock in frankfurt, up 7%. angela merkel down 2% today. it's talking about third quarter copper production, which jumped 32% year on year. but the british based multi national reported a full in iron ore output. loreal is up nearly 2%. it's followed confirmation that the business is in talks to buy two of japan's french companies and its french sto

obviously, we've had a blip in some of the economic data yesterday, but we've had positive second numbers over the summer and over the course. where do you stand in terms of growth in the uk? >> it's been a surprisingly strong summer. aided by the very nice weather that we've had to get the consumer out and spending. we've been expecting a bit of a weaker winter and the kind of data that we've been seeing over the past few weeks no longer surprising matters to the up side. this is exactly the sort of thing that we need to see to justify our forecasts, which are actually a little bit more pessimistic than the bank of england in terms of gdp. >> so do you think some of those surveys that we saw over the summer were too optimistic? >> yeah, exactly. i'd say they're frothy both in terms of what we can expect in sustainability of growth, but the trend of growth that we're going to get from the uk. but also relative to what we'll see in the hard data. there's a tendency for those survey toes overpredict gdp. >> and a hundred days into the job, our governor, mark carney, has he done a good job o

poo-poo the beige book, this time it's important because it's the first real piece of sort of economic data or report if you will because of the shutdown, right? >> the lack of data from the shutdown meant policymakers and investors are flying blind. any report we get is going to be critical at this point until they do the catch-up and know where the economy is. that's why this thing is important to us. >> oasis in the desert. >> secret ballot on the beige book, thumb up, down? >> i think it's a thumb sideways. we don't know what the impact is. growth slowed in four of 12 districts gets my attention but saying moderate to modest growth. still feels 2% but could be less. >> all right. to john harwood. everybody, including us, saying we have a deal. but the senate still needs to formalize it. are we out of the woods yet? >> i think we are or will be later tonight. i just got a message from a house republican leadership aide on the expected timing of the house action. we heard earlier that the senate expects to act some time between 5:00 and 8:00 tonight. house republican leadership aide told

liz: the government is not releasing economic data during the shutdown. you know that. nd other division numbers but what are economists like carlyle group's jason thomas doing? well, they're putting together their own data, using everything they have at their disposal to gauge the health of the u.s. economy. we're going through a bunch of data points and what carlisle expects coming up. david: netflix in the cable box? it could happen. you see what happened to the stock by the way? it was skyrocketing as a result of this news but would it be good for cable operators. we'll take a deep dive into the video streaming wars. who benefits and how you can make money coming right up. when we made our commitmento the gulf, bp had two big goals: help the gulf recover d learn from whahappened so we could 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 acvity twenty-four-seven. and we're sharing

>> look, economic data has not suggested anything of the sort.hing to save face, but that is not for me to speculate on. i agree with a lot of people, tapering should happen sooner than later because we have not seen the improvement in gdp or inflation to justify tapering at this, justify keeping quantitative easing because it hasn't worked as effectively as people want. even a mention of that is causing interest rates to soar. something has to be done pub we in the next six to eight months. anybody's guess as to what is the right time to put on the brakes. ashley: where does the market go from here? often the market cells on the fed statement. a lot of people saying because they were not particularly down in the mouth about the latest economic information. >> it is tough to blame the macro picture or economics earnings at how the market moves on a day to day basis. more based on sentiment and the biggest wins of optimism and pessimism. my thinking is 1740 is important for the s&p. under the lows from last wednesday that could cause a pullback ou

let me start with some economic data. increasing exports slowed from the august level and imports rose 16.59%. short of expectations. nevertheless, on the markets the nikkei gained almost 1% with the weaker yen gaining supports. investors are eyeing the all important jobs data due out tomorrow. china markets outperformed the china market gaining a strong 1.6% after the premier league ensures investors growth targets will be met. the hang seng added .4% to end about flat. over in australia minors pushed the asx higher. let me show you some individual stock on our radar. hutch chin son whampoa is calling off a plan to sell its park and shop supermarket chain and will focus on expanding in china. the shares tumbled. >> thank you, sixuan. that's the latest out of asia. jpmorgan reached a tentative $13 billion deal to settle pending civil cases with the justice department. federal housing finance agency and the new york attorney general's office. it would resolve probes into the bank's handling prior to the housing slump. the

then we've got though talking about economic data about to be released. what impact are we expecting from that. >> one thing about the furlough was there was no economic data over a two week period. there's lots of stuff backed up now about to come out. i'm thinking of the jobs report here. normally, the non-farms report comes out the first friday of the month. there wasn't any. people here are economic geek. they love this stuff. they live and breathe for manufacturing data and inflation physician and auto sales and all that kind of stuff. i think the jobs report won't be seen until november. that's a snapshot that's going to be over the last two months. if it's not very good, there could be a big reaction on wall street, up or down, 306 or negative, depending on what the data turns out to tell us. >> looks like everyone behind you is going to be busy for a while. thank you very much. >> syria could lose all ability to produce any chemical weapons by the beginning of next month. the apcw said the team in syria is on track with its mission. inspectors hav

the jobs report is the single biggest piece of economic data that comes out every month in the world. it wasn't released in october because of the furlough. they are right now selecting data on the november physician. they may combine the physician and there might turn out to be no jobs data or october, and at a time with a delicate economy, that is a big figure. you want to be seeing on a daily basis what's going on with your auto sales and home sales and that's not been coming to us. depending how those figures turn out, the market could sore or fall. we'll have to wait and see. >> john, thank you very much. we have some video that we want to show you. you heard mik mike viquiera inde that the metra system was crowded because of workers going back to work today. they are going to receive back pay, but it was a pinion and needles time, that 16 days that they were off. you have to ask yourself whether there is a danger in a victory lap. some say it's like lincoln taking a victory lap after the north won the civil war. congress is deeply divided. >> he had longer than a minute there. i

with the lack of economic data we may have for the next couple of weeks, what we hear from companies may be morrell vantd for their own shares and broader market. >> in the absence of the shutdown today, we will have september jobs number that makes next week's earning kickoff all the more important. alcoa -- by the way. ll care about alcoa, >> a major component of the material sector. a week from today we have jpmorgan reporting. the fact right now we're looking for about 3 .2% year over year gain for third quarter numbers. more importantly, you're seeing an increase in revenues. revenues are expected to gain 4% up from a decline of 0.01% in the second quarter. consumer discretionary will be the driver for revenue growth. we had income gains in personal spending, gains in reduction in mortgage debt helping free up consumer -- >> kel yshg i would highlight, you asked about alcoa. from a stock point people may not care but they sell into trucks, aerospace, housing, packaging. we to want hear what the ceo says about the demand trend in those markets and globally. they're around the wor

economic data moving the market around, what i think will help the interesting is tomorrow. mall economic calendar, no real big earnings reports coming out tonight or tomorrow, so we're going to get a test of how strong is this market. can it stand up on its own without economic data or earnings trying to bully at higher? liz: we like lifting. where do you see the list? again, we are in record territory. the dow jones transports once again are on a roll. that is what they are on. >> and they are. they will either grind higher. timely in normal rally with the stock market up and the bonds down. that is comforting those behind me. i would also like to say if you like your broker you can keep your broker and if you like your 401(k) plan, you can keep your 401(k) plan. going forward, we're going to continue to get mild to benign economic figures that will give us more comfort that we will continue with qe, and we will see the rate wake up itself and slowly but surely grind lower. as long as that's the case, we will continue to print money and the 2015. it is going to continue wit

that's why you look at the economic data. it is critically important. we have at least a stumbling recovery going forward. if we don't have revenue growth, what's going to happen is eventually it's going to slam up against reality and valuations will come down. >> gentlemen, thank you. have a great weekend. >> thank you. >> thank you. >> we're in the final stretch of trading for the week. a market up, another 23 points on the dow with 50 minutes before the closing bell sounds. >> talking about earnings today. earnings season kicks into high gear next week. up next, we'll tell you which numbers will be key into figuring out where this market heads from here. >> also, how is billionaire investor john calamos putting his money to work now? we'll ask him and find out where he's finding buying opportunities. that's coming up on "closing bell." vo: two years of grad school. 20 years with the company. thousands of presentations. and one hard earned partnership. it took a lot of work to get this far. so now i'm supposed to take a back seat when it comes to my i

. >> because of the shutdown we will not hear some major economic data today.ins us live to explain that. good morning. >>> good morning, eun. there's no economic data because we were expecting the monthly jobs report this morning but that's been postponed indefinitely because of the government shutdown. the lack of that and other reports may complicate things for the federal reserve which says it will be more data dependent making future policy moves. the stock markets are feeling the strain on growing anxiety the budget impasse will extend to the next fiscal fight over whether to raise the u.s. debt ceiling. a long shutdown and potential debt default could have a greater toll on the economy when treasury department warns a default could plunge the u.s. into a worse recession than the one from 2007 to 2009. we certainly hope that doesn't happen. for now back to you. >> kayla tausche, thank you. >>> a u.s. park ranger who took the brunt of a congressman's anger is feeling high level support this morning. >> how dowden them access? i don't get that. >> it's diff

but i can tell you, there is no economic data or employment data that supports the notion that this is an effect of the law. >> true. and in fact, it's my understanding that part-time workers are at the lowest percentage of workers in many, many years right now. and -- >> well, and for the first time, as you know congresswoman, part-time workers will have options for affordable health coverage. they've never had that before. they've never had options in the marketplace. they've never had some help purchasing coverage for themselves and their families. their full-time colleagues have, but they have not. so they will have options. >> and just to be clear, the last part of it, it would be fair to say that at every point along the way you expected this website to work based on everything that you had been told by the contractors up unto that point? >> i expected it to work and i desperately want to get it working. >> more than anyone else, i'm sure. >> and we are committed to fix it. and the only thing that i think builds back the confidence of the public is fixing it. >> thank you mr. cha

stocks are already trading at record levels, and the release of economic data that was postponed couldweaker economic trends. now the impact has gone far beyond washington. as bill whitaker telling us, the shutdown was especially hard on people in california who have not begun to recover from devastating wildfires. >> reporter: groveland, california, is the western gateway to yosemite national park depends on park tourism. the massive rim fire chased visitors away in august and wrecked the summer tourist season. now the park's shutdown has shut down the fall season. >> i'm not able to pay any of my bills. that's why i have to be out by the end of the month. can't pay my rent. can't pay my electricity. i'm going to leave here in debt. >> reporter: pamela harris, owner of the pine valley deli calls this a manmade disaster. >> this is my life. my life. i worked so hard. excuse me. and i just feel like people like us, just nobody cares. >> reporter: the whole town has suffered. >> the fire going through here was the coffin, and now this is the nail in the coffin. >> reporter: cafe owner st

we expect key economic data to come out this week. >>> four families in walnut creek need to find a placeto live after an early morning fire destroyed their apartments. it happened around 1:45 yesterday morning. at this complex on north pacific drive. investigators say the fire started above the garage. quickly spread through this two story building. luckily no one was hurt. if that building had a sprinkler system, the damage would not have been so bad. >>> apartment building on dwight way in berkeley that was destroyed in a fire last year may be rebuilt. the city council will talk about the possibility if that project should be torn down and if it should fall under the city's affordable housing requirements. as such, the unions may no longer be rent controlled. luckily no one was hurt in that early morning fire on march 8th, 2012. firefighters say it was an accident that started in a water heater closet. >>> we have breaking news out of las vegas. there are reports that three people have been shot inside the balli's casino in las vegas. a suspect has been taken into custody. at this poin

confidence, what they do with their portfolios, not knowing what the fed is going to do, not getting economic data they crave? >> certainly not getting some reports is important here. we've been paying such close attention to employment reports given the fed is close to tapering and not getting one on friday, certainly an issue of uncertainty for the markets they have to deal with. that means more emphasis was put on today's adt report. yesterday the ism report a stronger than expected number and stocks were up. i think the market will make the most of the data points. we'll still get jobless claims and start getting profit numbers in the coming weeks, that's probably even more important. there won't be a shortage of data but certainly some of the data points the markets were used to getting won't be there and that will raise uncertainty and the longer it goes on, the more there is a gravitational pull to put pressure on congress to act. >> jeff kline, chief market strategist, thanks, jeff. >> thanks. >>> still ahead, the cleveland clinic is considered a model for the health care industry. we'll t

some of the economic data we're getting -- you want them out of the way, don't you? >> listen. it all depends on what your definition of out of the way is. i would like to address mr. bernstein's comment. i'm not seeing chicago is going to reflect the entire country or national ism. when you consider the polling for today's -- early october to the 24th of october, it certainly didn't seem -- people working in the field gathering this data for that service that they thought the shutdown impacted at least what they were seeing in chicago. that said -- go ahead. >> i was going to say, if that's true and it didn't affect the economy, that just makes me happier. my point was i would expect to see more opaqueness but that opaqueness is there, all the better. that's great. >> mr. bernstein, another thing. i don't mean to go to a nasty topic. it's basically the one year anniversary of sandy. that was a horrible thing. my sympathies for many that got hit again in the fire. but when you look at the fact that when these things happen, the government, even though it took long, $65 billion?

figures follow other economic data that shows companies are reluctant to spend their money right now.the food and drug administration is proposing rules for production of pet food and animal feed for the first time. it says these regulations would help protect humans and animals from good-born illness. >>> and regulators have received two reports of doors burns on a 2012 jeep liberty model. one injury was reported. ♪ >>> i'm meteorologist dave warren with your forecast. the temperatures will be dropping again overnight tonight. despite a nice comfortable afternoon with clear skies and temperatures climbing into the 50s. areas in here will see temperatures dropping down to the freezing mark possibly. that's why freeze warnings are in effect. lighter blue color here is just frost advisories, may not get down to freezing, but you can still get some frost forming on surfaces. that is the start of the weekend, but the freeze warnings stop right at the mississippi river. by tomorrow morning these are the lows, 60s and 50s in louisiana, arkansas, memphis at 60 degrees, but across the southea

they love economic data, they cannot wait to find out what the latest inflation figures or employmentata is. and they were robbed of the jobs numbers for this month. so they have to wait until it is published later this month or until we get november figures. >> john thank you very much. >>> cory booker has now been elected to fill the seat of senator frank laudenberg. >> i will bring more voice to the voicing often ignored in our state. if you voted for me, i will make you proud. if you didn't -- [ cheers and applause ] >> -- if you didn't vote for me, i will work every single day to earn your trust. >> booker will be the first african american senator from new jersey. >>> care -- caroline kennedy is the new u.s. ambassador to japan. she will be the first woman to hold the job of ambassador to japan. >>> syria's deputy prime minister says an international conference could take place by the ebb of next month. the goal is to find a diplomatic solution to the war in that country. despite the violence, an official from the organization for the prohibition of chemical weapons says their w

said a moment ago struck me and you said, we'll have to play catch-up, given we don't have any economic data. what's the timing on that? how long -- >> don't know. depends on how long this lasts. we do have surveys, a lot of data we get from ism and others, we have beige book and people who talk -- all the presidents do this. our own surveys, manufacturing indices from the fed, whether it's the dallas fed and empire state or the philly fed, whatever it may be. there's data for us. we're not flying completely blind but it's not helpful we can't get the official data that would help us make decisions. >> of course. thank you for your leadership. >> congratulations to you. 20 years. >> thank you. >> and you're only 29 years old. remarkable. >> amazing, isn't it? >> we'll be listen to your very important speech this week at breakfast thursday. we'll see all the headlines in the news. richard fisher, good to see you again. >> thank you very much. >> president of the dallas fed. let's get to jon fortt. >> yahoo! guidance is out, disappointing. up 5% after hours at one point. looks like up a little

. >> the white house calculation is based on eight economic data including jobless claims during the first 12 days of october. >>> officials in japan and russia are using electricity generation to boofrt ties. a new power plant equipped with japanese turbines started operations in eastern russia. the thermal facility provides electricity and hot water to the country's largest aquarium using natural gas. japanese machinery maker kawasaki heavy industries supplied its two turbines. the president of a local power company priced the efficiency of the machinery. russian government officials are trying to make better use of natural gas reserves by improving infrastructure. they are building gas supply networks in the far east region, and they're also working to convert thermal plants that burn coal. a kawasaki heavy industries official says he hopes the new plant will encourage economic cooperation. >>> the people at apple have unveiled a thinner, lighter version of the ipad. they say it's their weapon to fight off their competition. >> ipad air. >> the new tablet has the same size screen

. >>> the shutdown, meanwhile, has led to the delay of key economic data releases. the commerce department bureau said the preliminary gross domestic product for the july to september period will be released on november the 7th. it was supposed to be issued at the end of this month. retail sales for september, a key indicator for personal spending, will be announced next tuesday. it's more than two weeks behind schedule. housing starts data for september will be out on november 26th, together with the figure for october. >>> few people had heard of ipf cell technology a year ago when a japanese scientist won a nobel prize for his research in the field. now the work pioneered by the professor is helping a key industry regenerative medicine. the japanese government is getting involved and so are many private firms. we look at how companies are building their businesses by helping people rebuild their bodies. >> reporter: this woman damaged cartilage in her knee playing volleyball. she lived with knee pain for more than five years. but after an artificially cultivated

there is a lot of economic data.you have got earnings and the four sectors we are focused on, transportation and pharmaceuticals are all reporting with johnson & johnson all reporting. whatever you do, ignore the fed governors that are speaking tomorrow. >> the bell seems to be underscoring that point. >> once again we will be talking of budget negotiations. ultimately, tomorrow morning everyone is going to be parsing whatever comes out by way regarding the debt ceiling and negotiations. >> thank you gentlemen for your thoughts on tomorrow. >> and we will have plenty more on markets after this surprising rally after the break. stay with us and we will share. peace of mind is important when you're running a successful business. so we provide it services you can rely on. with centurylink as your trusted it partner, you'll experience reliable uptime for the network and services you depend on. multi-layered security solutions keep your information safe, and secure. and responsive dedicated support meets your needs, and e

about how many workers they want full time and how many part-time, but i can tell you there is no economic data or employment data that supports the notion that this is an effect of the law. >> true. in fact it's my understanding that part-time workers are at the lowest percentage of workers in many, many years right now. >> well, and for the first time, as you know, congresswoman, part-time workers will have options for affordable health coverage. they have never had that before. they have never had options in the marketplace. they have never had some help purchasing coverage for themselves and their families. their full time colleagues have but they have not so they will have options. >> and just to be clear, i had another really long question, but the last part of it, it would be fair to say that at every point along the way, you expected this website to work based on everything that you had been told by the contractors up until that point? >> well, i expected it to work and i desperately want to get it working. >> more than anyone else, i am sure. >> we are committed to fixing it. the only

. >>> a delay in the release of market-moving economic data, that includes today's august construction spending report, which was never released by the bureau of economic analysis. thursday, though, we do expect to get last week's figure on initial jobless claims, because that data was already collected, but the real biggie, the report that all of wall street waits for every month may not be coming out this friday, that is the labor department's september jobs report. right now officials say it's not expected to be released until government funding is resumed. >> here's another possible causality of the shutdown, the justice department's trial to stop the merger of american airlines and us airways might be postponed. right now it's slated late november. federal issuing asked to postpone the proceedings due to a cutoff in federal funding. meanwhile, just today, the texas attorney general announced a split from the justice department saying that his office now supports that airline merger. shares of us airways and americans' american company, which trades on an alternate exchange, both c

economic data in part because of the government shutdown and the bond markets are clorsed for the columbus day holiday but stocks will trade. the dow will start at 15,237 after closing up 111 points on hope on friday, the nasdaq starts at 3792, after rising 31. and for the second year if you are on medicare expect a very small increase in your social security benefits come january. preliminary fiths suggest 1.5%, among the smallest since raises were implemented. the raise will be small because consumer prices have not risen much over the past year. the exact size won't be known until the labor department gets back to work and releases the september consumer price index which has been postponed because of the government shutdown. netflix is reportedly in talks with several cable companies to provide its video streaming service through an app on their seat top boxes. talks are in the early stajs and no deal is expected soon. one sticking spoynt that netflix wants cable providers to adopt special technology to improve the video service. the only person who is not on netfl netflix. i have cabl

we hear we're not going to get any economic data out of the federal government.ntirely untrue. we are hearing on thursday as normal at 8:30 a.m. eastern time going to get this week's at least this week's unemployment claims. so not sure if this will be every week. we have no update on the monthly jobs number which is due on friday. but this thursday at 8:30 as normal, right here on cnbc, we will get those weekly unemployment claims numbers. all right. still ahead, money manager's top three stock picks. think big money and big tech. >> how about some good news in the midst of this shutdown insanity. gas prices have been plum netting. just wait until you hear how low they might go just in time for the holiday season. i want peacocks. peacocks? walking the grounds. in tuscany. [ man ] her parents didn't expect her dreams to be so ambitious. italy? oh, that's not good. [ man ] by exploring their options, they learned that instead of going to italy, they could use a home equity loan to renovate their yard and have a beautiful wedding right here while possibly increasi

national bureau of statistics of china has begun to name and shame local governments who fake economic data. over the past few months, a county in guangdong exaggerated industrial production by four times the actual value. ad on this webpage it says county in another province has declared double the amount of output that the companies were actually producing. those companies have come back to save the local governments made them do it. either way, one thing is clear -- dodgy data in china has now been officially acknowledged. unofficially, it has been talked about for a long time. accusations that some local governments inflate the numbers to please a capital hungry for good economic results. chris spaulding says growth might be half of what the government says. >> i think most figures in china should be taken with a large grain of salt. even in china, the chinese populace treats them more as art man science or reliable indicators of reality. patristics on construction, for example, might be over reported -- statistics on construction, for example, may be over reported or they could be fina

but i can tell you there is no economic data or employment data that supports the notion that this is an effect of the law. >> it's my understanding that part-time workers, the lowest percentage of workers in many, many years right now. >> for the first time as you know, congresswoman, part-time workers will have options for affordable health insurance. they never had that before. they have never had options in the marketplace. they have never had some health purchasing coverage for themselves and their families. their full-time colleagues have, but they have not. they will have options. >> just to be clear, i had another really long querks the last part of it, it would be fair to say at every point along the way you expected this website to work based on everything you had been told by the contractors up until that point? >> i expected it to work and i desperately want to get it working. >> more than anyone else i am sure. >> we are committed to fixing it. the only thing that i think build back the confidence of the public is fixing it. >> thank you. >> the gentlelady's time has expi

we will start to get some economic data through.e are looking for the jobs number for september to come through. we will get that next tuesday and then subsequently, we'll get a week's delay on the october jobs number. this matters because clearly, the markets are sensitive to improvements in the u.s. economy of what this means for the tapering debate. ben bernanke is focused on improvement for jobs for movement on the interest rate. so, let's move you along. i want to talk about sac capital. we know the multibillionaire has been engaged in a battle with regulators for the last seven years here. this is over a criminal insider training probe. it looks like they are getting closer to a settlement here. the possibility of at least some partial admittance of liability and access of $1 billion in fines. that's the talk of the moment as they inch closer to a resolution. >> it doesn't necessarily reach every day americans. a lot of americans bank with bank of america. they have a new checking account with wrinkles. give us details on that

the 16-day partial shutdown has done its fair share of damage economically. >> data lawmakers are taking this long to come out with a deal with at least shave zero .4% of the u.s. gdp in the fourth quarter. >> ratings agency standard & poor's says the partial shutdown had already shaved off $24 billion, and there are fears a lack of cabinets in the world's biggest economy could be even deeper. >> the u.s. is going to be behaving like this, perhaps their ratings are in question going forward. there is a flow of foreign money into other countries. >> another rating agency says that could downgrade the u.s.'s aaa credit rating even with a temporary dear all of raising the debt ceiling. >> there's disagreement over what to do with the body of a nazi war criminal. the italian government has contacted germany to discuss the possibility of sending his remains back to his native land. this after a planned general had to be called off tuesday after clashes erupted between hundreds of protesters and aussie sympathizers. we have more from rome. >> late last night, there were reports of the body had

. >> a world without economic data is a dark, dark place, no question. i know you agree. thanks, ken. thanks, candy. candy will have an exclusive interview with senator rand paul about the possible deal to end of government shutdown, tomorrow on "state of the union just 9:00 a.m. eastern right here on cnn. >>> coming up on this emergency edition of "your money" richard quest explains the debt ceiling like only he can. the global reaction, next. ] at humana, understanding what makes you different is what makes us different. we take the time to get to know you and your unique health needs. then we help create a personalized healthcare experience that works for you. and you. and you. with 50 years of know-how, and a dedicated network of doctors, health coaches, and wellness experts, we're a partner you can rely on -- today, and tomorrow. we're going beyond insurance to become your partner in health. humana. to bmake my markartner i wawith pride.ork. create moments of value. build character through quality. and earn the right to be called a classic. the lands' end no iron dre

>> events like the government shutdown can destroy economic data for a while.tea leaf too quickly. i think they are hopebling north of 50, 54, 55. vehicle sales 15.5 to the 16 million range analyze, i think any numbers materially different than that will induce a sell-off. also, one of our core holdings reports tomorrow. they generate about 70% of their sales internationally. that's a great way to get the pulse from global energy in one shot. >> we'll watch that. thank you, gentleman. appreciate it. we'll see you soon. thank you so much. up next, the headlines are dominated by the obama care mess. it's time for d.c. to start worrying again. i asked the other mess, the budget. >> that problem has not gone away. stay with us. ♪ ♪ [ male announcer ] eeny, meeny, miny, go. ♪ ♪ more adventures await in the new seven-passenger lexus gx. lease the 2014 gx 460 for $499 a month for 27 months. see your lexus dealer. for $499 a month for 27 months. bny mellon combines investment management & investment giving us unique insights which help us attract the industry's brighte

there is no major economic data in part because of the shutdown. but we're going to get earnings from the likings of citigroup, coca-cola, they look better than expected, and johnson and johnson. the dow at 15,301, closing at the high yesterday, the nasdaq will start at 3815 after adding 23. a new poll finds older americans are accepting that they just may have to put off retirement. 82% over 50 say it's somewhat likely they will work for pay in retirement. nearly half now expect to quit working later than they previously thought. on average age 66, two years later than back when they were in their 40s. the growing trend of people working longer and the fact that people can't afford to retire. older adults are the fastest growing segment of the u.s. work force for people 55 and over expected to be a quarter of the laby force. and a student -- for the first time macy's plans to open at 8:00 p.m. on thanksgiving night. the move is an effort by brick and mortar stores to keep up with online retailers who offer early black friday deals. among the door

policy makers the note shows every member of the bank decided they needed to see more encouraging economic data before slowing bond purchases even though they were aware wall street was expecting a pull back. >>> on wall street most stocks appeared to get a yellen bounce today with the dow and s&p ended higher despite stalemates in washington. the dow added 26 and the s&p up a point but the nasdaq ended down again today falling to a one-month low. >>> today's session marks the third straight day of declines for the nasdaq index with a lot of pressure on technology stocks, which have seen some of the street's largest gains this year so far. josh joins us with more on what is driving the nasdaq lower. josh, which kinds of stocks, which specific ones are getting hit the hardest? >> tyler, in general you're seeing high-flying stocks getting hit the hardest so it's internet names, the higher they go, the harder they do fall and my friend likes to say. you are talking about those internet stocks, facebook down about 8% from the record high, linked in down. with the pull back the stocks soared this ye

. >>> some other economic data has been released out of japan. the unemployment rate in japan is at 4.1% in august, higher than market expectations. we'll see how it plays into the markets, as well. still, trading may be cautious as the fate of the u.s. budget remains unclear. china's markets are closed for theed which go ed whiced which holiday. >> there are a few political issues globally, but investors are pulling their money out of the yen which is usually seen as a relatively safer asset. >> yes, that's because the yen has been overbought in the past few days. unless they can look at dollar/yen first, it's currently at 98.33-38, recovering from a one-month low on monday. some traders bought back the u.s. currency due to position adjustments at the end of the month after the dollar fell as political uncertainty in the u.s. boosted selling pressure. still, marketplace will continue to keep track of the developments in washington. they'll also be looking out for a report on u.s. manufacturing activity due later today. now let's look at euro/yen

. >> the economic data that we have had the economic impact right now if we can clear through this i believe that the other factors, there is really nothing back. >> one thing about confidence, it is not an indicator for anything forward-looking. if you look at the overlay consumer kpon if i dense. which would be the worst print since late 2011. that was the buy signal. >> the company beating eps. about 40 minutes in now. the big issue, what cfo is talking about on the call right now the reason that they saw such bad hardware performance in china, he was talking to the sales team about execution is because china is developing a new economic development plan. it will take a couple of quarters to adjust to that and get sales going again. the call you mentioned, china was down 22% because of a sales clause due to this economic development plan. leads me to that is is a big issue for them. software performing generally pretty well, but a little bit under expectations. which we saw come in under expectati expectations. >> thanks so much. >> this dove tails pretty nicely with the downgrade

fiscal policy that is probably incorrect, but at least the government opens up, and we get good economic datand a chance to keep talking. i don't expect to come of the next two months of discussion, but at least we're not keeping things shut down -- >> nothing came of all of the discussions of august 2011. they had until the end of the year to come up with a deal. we didn't get that. why is there any belief at all that this congress can come together? >> i'm not sure that there is. you used the phrase kick the can down the road. this is an opportunity for republicans to say they got something. they got budget negotiations even though though democrats have been trying to push them into that for several months. it is an opportunity to move on, because if you look at the polls the republicans are getting kicked in the teeth with the blame of the situation. so increasing revenue and cutting entitlements will be just as difficult in january and february and they are now, but at least we can keep moving. let's think about the basic gdp equation. the economy grows because consumers spend, businesses

economic data. markets are responding to the s&p's recent high. >> the month unemployment report usually comes out the first friday of the month. a few investors could feel odd reading those numbers on tuesday. >> the economy's been adding jobs, but at a very slow pace. the unemployment rate has dropped over the past several months more because people dropping out of the workforce than it is people getting back to work in droves. when you look at something like the government shutdown, it really had a huge impact in terms of how americans feel about job security. >> remember, stick with aljazeera america for coverage and september jobs report starting tomorrow morning. >> it's not just j.p. morgan in trouble with regulators. the financial times reports bank of america may have to cough up more than $6 billion from its leading mortgage agencies during the housing boom. the federal housing finance agency is pursuing claims with bad loans to fannie may and freddie mac. many came from country wide finan

. >>> stock markets mixed as investors get back to focusing on cooperate earnings and economic data after washington reached a deal to avoid a default and r open the government, the dow sank lower because of that, a live look at the big board the dow down 27, the nasdaq though up 15 and s&p up 7. >>> bay area home sales cooled off last month according to the realty research firm data 667100 homes and condos sold last month, compared to 8600 in august. the medium price also dropped from 562,000 dollars to 530 thousand, but that is still 20 e-still up 24% from the same time last year. >>> bay area job seekers still have time today to visit a career fair on the peninsula. it started at 11:00 this morning in south san francisco at the san mateo marriott on south and flip boulevard. organizers say dozens of employers will be on hand, including representatives from staples and sleep train, attendees are encouraged to bring resumes and dress for success, the job fair runs through 2:00 this afternoon. >>> facebook has loosened its privacy rules for teenagers, the menlo park based company has chan