peter hayes at black rock, he will explain. a business owner in detroit making custom vehicles too much success. and why this is a good thing for businesses. we will try to come up with something on that note this hour on "markets now." connell: interesting to see what the governor has to say today. dagen: an autopsy, was that too harsh? connell: it might have been. they can have all the retweet and he would have no idea about it because he isn't on twitter. he would not know somebody storming into his studio. let's go to nicole, starting off before we get to the governor. good morning, nicole. nicole: down 22 points on the dow jones industrial. despite the fact we have pulled back from an august earnings in a moment, looking that we are going to clock in four straight weeks of gains. despite all of those worries of ben bernanke and the fed, you may remember m we moved down. we have regained those points, but we're seeing down arrows today. microsoft has weighed heavily and other names on the move to the upside. a lot of names

joining us with more on the bankruptcy, peter hayes and head of municipal bonds group. 18 billion here. but, really, a trillion dollars worth of muni bonds, people will be watching how they're affected. and it matters what happens from here, too, how this is handled, doesn't it? it's weird with revenue bonds that seem to be better off tan g.o.s. do we need to re-think general obligation bonds? >> i think this case is certainly going to test that. revenue bonds in most cases has a lien to help pay the debt service so they're considered secured. what we have in the case of general obligation bonds, what makes this case particularly unique is that they're being treated as unsecured and on an equal footing with all other unsecured creditors. that's the big difference here. i think the market is going to question. you also have to think about the total liability about 11.4 billion in unsecured claims. only about a become of that actually is debt. so really, it's the smaller part of this total unsecured claim. clearly, it's going to be something tested. i think it talks about

peter hayes at black rock, he will explain.custom vehicles too much success. and why this is a good thing for businesses

peter king up next hour for that very topic. he voted against the amendment and keep the nsa program in place. stephen hayes, our north star shining brightly in washington. martha. martha: for the first time, speaking of benghazi, we are learning about the heroic actions of a man on that night when four americans were killed, risked everything to make sure american sean smith's body would be returned to his family. bill: also president obama issues a new warning about the future of america but are we just back to good old-fashioned class warfare? roll it. >> the position of the middle class will erode further. inequality will continue to increase. money's power will distort our politics even more bill: frightening scene now. a hot-air ballon happening southeast of amsterdam. the balloon had 10 people on board. check that out. it ran into trouble when the winds shifted suddenly. the pilot says the lake was his only option left because there were building all around that area. 10 people on two were injured but neither seriously. they got lucky, huh? martha: some are calling it campaign-style rhetoric from pre