you always have the white forces in portsmouth. i thought jim did an admirable job there of battling the wind and the weather to get the report across. we don't get many big stories in the u.k. this was built up to be quite bad. we'll see how it works out. david kelly is with us, chief global strategist at jpmorgan. and we have a gentleman from insignia. i want to pick up on the comments you made about valuations and central bank activity and then focus on europe for a moment here because it has become, it seems, the preferred play in the global equities base region. people point to valuation argument, but it seems to me there's also some expectation that the ecb and mr. draghi will both be forced to respond to the strength of the euro and, secondly, to credit conditions that whilst they may be easier and looser still have a significant uptick in corporate lending -- from the banking system into european corporates. if anything, the trend is still very weak here. >> yeah. that's certainly what we see. as we do the valuations, they'

i'm in portsmouth. the good sign is that the ferries are out and running again after that storm that was just nicknamed stormageddon that hit around midnight and now it's moving. now it's moving northeast across brittain. the torrential rains as you've noticed have died down and the skies are clearing. the winds are still strong. you mentioned gusts. they have clocked up to 99 miles an hour on the aisle ofman. so far one person is presumed dead, a teenage boy swept out to sea at the beach where he was unfortunately swimming at the time. the figures were 200,000 people who are reportedly without power. in broader terms, brittain does seem to have dodged a bullet. there have been major disruptions, you can imagine monday morning commuting through great brittain. trains have stopped service until later in the day. now we're understanding 130 flights have been canceled at heathrow and fallen trees have blocked an unprecedented number we're told of major highways. so far many brittains are heeding the warnin

. >> reporter: well, here in portsmouth on england's south coast, the storm nicknamed stormageddon hitght and ñ moving on pre, northeast across great britain. the rain has died down. as you can see, the sun is out, but winds are still pretty strong. there have been gusts elsewhere of hurricane strength, up to 99 miles per hour. but in broader terms, britain does seem to have dodged a bullet this time, though there have been major disruptions to millions of monday morning commuters. some trains and ferries have stopped service until later in the day. heathrow airport has canceled dozens of flights and fallen trees and power cables have blocked a number of major roads. many britains are heeding the warnings; and staying at home work on their laptops. bottom line, the british government this time warned people days in advance. they had a very good plan in place. that does seem to have minimized the loss of life and damage. back to you. >> looked like jim had9vé to f the wind. >> like what many people in the bay area experienced overnight.& serious wind gusts. did you feel it? >> yeah, o

. >> reporter: at the portsmouth naval shipyard in kittery, maine, workers streamed out the front gate this morning after 1500 of them were handed furlough papers, including barry seward. >> i'm very disappointed that things couldn't get done. >> reporter: in washington, outside the environmental protection agency which sent home 94% of its work force, furloughed employee michael firestone had tough words for congress. >> i am incredibly frustrated. there's absolutely no excuse for this kind of behavior. these congressmen and senators knew about this months and months ago. >> reporter: there's no telling how long this shutdown will last and there's no guarantee when it does end that those furloughed workers will be paid for the time they missed. so, scott, some of them are already out looking for temporary jobs to fill the gap but, of course, in this job market that won't be easy. >> pelley: thanks, chip. so how much of the government is shutting down? we were surprised when our research department came up with this: turns out 82% of spending is exempt from the shutdown. that includes

i want to go to portsmouth, new hampshire, and democratic senator jeanne shaheen. senator, thank you for joining us. >> good morning gleeft person brought in to fix obamacare and the web site told reporters friday that the problems would be fixed by november 30. do you still want them to extend the time that people have to enroll in this program? >> well, let me begin by saying that i support the affordable care act. i voted for it. i think it's important that we make it work for the millions of americans who haven't been able to get health insurance at a price they can afford. and that's my goal. it's to fix it. and as you said, jeffrey zients, the person brought in to address the web site concerns, has indicated he hopes to have it up and running by the end of november. i hope that's accurate. because we have-- we're hearing from lots of constituents in new hampshire that they want to enroll in health insurance, but they can't because of the problems with the web site. the roll out has been a disaster. and so what i'm proposing is that we extend the period in whi

. >> reporter: cars streamed out of the portsmouth naval shipyard. >> they're more interested in playing politics than doing what's right. >> on capitol hill, finger pointing continued. >> they finally have their prize, a government shutdown that no one seems to want but them. >> reporter: they're obsessed with the health karen law, and they'reb -- healthcare law, and they're obsessed with hurting this president. >> reporter: for the 40 time, they removed -- fourth time, they removed healthcare spending. >> house republicans wanted senators to come and work out their differences. the senate refused. >> they won't even have people sit down with the negotiators. i mean, for heaven's sake. >> now, the house is working on another proposal, one that would fund the veterans administration, park service and d.c. city government. president obama accused house republicans of holding the economy hostage. >> reopen the government. restart the services americans depend on. >> reporter: in a letter to federal workers, the president said they had become punching bags in a partisan fight. >> reporter:

you are not hopefully you have an opinion. 50 years ago i went to woodrow wilson high school in portsmouth, virginia and for the first sixty years it was an all white school and since that time it has become 80% black and i believe there are 26 woodrow wilson high schools in the united states that were all named in the late 20s or late teens or early 20s and most of them were inner-city schools that a predominantly black and there is a well-financed internet campaign to appeal --y let you know what i'm talking about, to get all of these high schools names changed because all these black kids going to predominantly black schools named after a racist president. >> host: certainly a great irony, no doubt about that. i am not sure i would go that far. i might use the notion of woodrow wilson as a teaching moment. woodrow wilson did introduce segregation, he did have these racist feelings. that being said he basically believed in the law of the land which was separate but equal. he believed strongly in education especially for african-americans which was extremely important. he really did want

in new hampshire, our portsmouth naval shipyard in new hampshire and maine -- and i see my colleague from maine here -- the shipyard workers are going to get furloughed. so this is going to have a huge impact on families, on businesses, on the economy. and we can't afford this kind of political gamesmanship. we've got to work together. we've got to solve these problems not just for the future of this country here in america but also for our standing in the world, where the rest of the world is looking at us saying, why can't -- what's the matter with the congress that they can't solve an issue that we ought to be able to come together to address. so i certainly hope in the next couple of hours that we can see some progress in the house. i hope the speaker will bring the clean c.r. to the floor, will let the members of the house vote on that so that we can keep the government operating for this country. thank you. madam president, i yield the floor. mr. sessions: madam president? the presiding officer: the senator from alabama. mr. sessions: madam president, we have a number of seriou

in maine we've got 1,500 people at furlough at the portsmouth navy shipyard, more coming at bath iron works and almost half of our national guard are on furlough. this isn't a game. but all of this is being done in the name of effectively repealing or crippling the affordable care act. even if you don't think it's a good law, this is not the way to go about dismantling it. it's not the way our constitution is designed. why won't we negotiate, though? why aren't the democrats gorktinnegotiating on this and e nick the affordable care act? it reminds meze of a story about a farmer who sees some land. how about the 60% down on the river. i'd like it buy that. it's not for sale. how about just the quarter acre right where that you are house is on the road. it is not for saxe the city guys guys says, why won't you negotiate? because it is not for sale. this isn't the place or the time to negotiate. listen, i think there are problems with the affordable care act. i would love to sit down in good fanal and try to fix them starting with make the web sites work better. but i think the way to do

now some of those are back to work, fortunately, at the portsmouth naval shipyard. most of them are back to work. that's very good news. we still have people at the forest service. we have people who work for the federal government in other capacities all over the state who have not been fortunate enough to be called back to work. and i would just remind everybody that even for those people who are back at work, they are not being paid. and so they are working without pay. in new hampshire, small business administration loans have been halted. that's true across the country. federal housing administration and v.a. loans have been slowed down. we have seen the white mountain national forest, which is a federal forest that hosts more visitors than yosemite and yellowstone national parks combined, and yet people who are traveling through our beautiful white mountain forest at this time of the year looking at the foliage are not even able to use the rest rooms because of the shutdown. i really wanted to this morning also talk about some of those businesses that i have h

we have portsmouth naval shipyard workers facing furloughs. we have new s.b.a.oan originations that have come to a halt, so businesses are not able to get the capital they need. and so many other important services and so many other people are being affected. i really wanted to talk today a little more in depth about the effect of the shutdown on one of new hampshire's national treasures, the white mountain national forest. this time of year the cankaman cankamangas highway really starts to see bumper to bumper traffic. you might not expect to see traffic like that in the middle of the mountains, but when tourists come in to see the beautiful fall foliage, it really is a boon to new hampshire's economy and they are everywhere. new hampshire's director of travel and tourism estimates that about 7.8 million people will come to new hampshire between september and the end of november, which is 2% higher than last year. and according to the director, more than spending time, these visits will spend more than a billion dollars. that's why this season is so critical fo