joining us on skype is steve stevens. he is the northern kentucky chamber of commerce. mr.stevens we just had a call from covington, kentucky who is furloughed. what that does for the businesses in the area? caller: well as you heard, there are another 4000 just like your previous call they are have been furloughed. obviously that's got lots of ramifications for those company that's are located very close in proximity to that large facility. we have two facilities in covington with that many employees. they're doing about 15% of the business that they would typically do because of those workers. what does that mean? that means that instead of being open from 10:00 in the morning to 9:00 at night. they're open from 10:00 in the morning to 3:00. sometimes those are employee that's are students that get off school and go and work. there's just a lot of problems just locally that are acutely feltly businesses. host: is the i.r.s. only the federal facility in the area where you serve or the area you represent? caller: immediately we can feel it most because of those. in the

steve stevens is president of the northern kentucky chamber of commerce. >> sooner or later somebody has to blink. we have to get a resolve to this issue. because it affects real people and real businesses. >> reporter: goldman sachs estimates the shutdown is costing the economy $225 million a day. that's more than $9 million an hour. it's not just money federal employees aren't spending. it's work they are not doing. the shutdown is keeping patty spicer sleeping on her son's couch instead of moving into her new home. >> this is ridiculous. i had all these plans. >> reporter: her mortgage is backed by the agriculture department and there is no one to finalize it. she was to have closed today. >> i just want it to be solved so i can get on with my life. >> reporter: two families caught in the crossfire of washington's budget battle. john yang, nbc news, covington, kentucky. >>> two american philanthropists are stepping in and doing what the government is not. their private foundation is providing up to $10 million in emergency funding for head start programs in six states which will a

. ♪ ♪ ♪ ♪ >> well, thank you steven e steve i'm not sure though how to respond to this picture.ian's on their names. i'm honored to think here. i've been sobered with this project throughout any 18 years as a staff person in the state senate and more recently in the brown administration for the past 15 months. i'll say over the 18 years this project has had an effect on me. it's had time to inspire me and frustrate me and today having seen the final project it expresses me. there are thousands of men and women who gave much of themselves to see this project accomplished. it's their work and their resolve and their friendship that i want to spend a moment honoring. first optimistic continue in day you can't let a moment pass without honoring the men and women in the labor community who did the work. i want to acknowledge all of them (clapping) secondly i know owe loves to be acknowledged. the second brian has given me so much guidance i've got to tip my hat to dr. brian ma iron (clapping) dr. ma iron is enthusiastic and passionate about what he does. he's a first class public ser

steve. change in the weather tomorrow steven. >> pamela that is correct. >> you're not going to dance or singeither? >> i like my job, pam. i think it's not a good idea. we have mostly clear skies here, a hint or two of fog. a system is getting closer and it's going to give the north bay partly cloudy skies later on, partly sunny, we start off cold for some, clear skies, cool, cold to mild, some 40s, low 40s, mostly sunny, a little cooler though, but some of these pop-up clouds will be developing over the hills in the north bay later on. 42 santa rosa to 59 antioch. there's a big difference in some of these temps. one system moved out yesterday, it really didn't do too much. today will be sunny for a while. we'll see clouds moving in to the north. the main source of our change will be right there. today sunny, nice, clouds in the north bay, a little later, cooler today on those afternoon highs. a lot more 70s and very low 80s. 60s, upper 60s low 70s around the bay. >> steve good morning. right now we're looking at highway 4. it's very slow in contra costa county westbound. it's also been slow

tell us about steve jobs' cray atishty? march rj mags telli stevens out of me, out of every designer. he did everything with intention. take all the little parts of a project and then you say how can i make this little piece frmg you know, zrard. for someone who's listening to you what do you think when a person says i'm not creative. >> get the book. >> other than that. >> the whole thing is getting in and building empathy. we've seen bias toward instead just jump in. if you're designing a new bicycle, go out, watch people who ride bicycles. rield when other it. . you're having paem the for people. i want to build empathy for them. we mostly look at knock joil yolgy or widsed by. it's much better, i believe, to go out and really build. pathieu. f what's meaningful for people? in some ways it's easier to sop that plarch problems. income it says on the pam of the book they will design a way to changed on personal life. you brought in a b-52. >> thank you very much. charlie rose has a very big gun. yo-yo ma is in our toyota green room. >> i don't like t

tell us about steve jobs' cray atishty? march rj mags telli stevenssigner. he did everything with intention. take all the little parts of a project and then you say how can i make this little piece frmg you know, zrard. for someone who's listening to you what do you think when a person says i'm not creative. >> get the book. >> other than that. >> the whole thing is getting in and building empathy. we've seen bias toward instead just jump in. if you're designing a new bicycle, go out, watch people who ride bicycles. rield when other it. . you're having paem the for people. i want to build empathy for them. we mostly look at knock joil yolgy or widsed by. it's much better, i believe, to go out and really build. pathieu. f what's meaningful for people? in some ways it's easier to sop that plarch problems. income it says on the pam of the book they will design a way to changed on personal life. you brought in a b-52. >> thank you very much. charlie rose has a very big gun. yo-yo ma is in our toyota green room. >> i don't like the sound of this. >> it's a

steven says is you manipulated it. you didn't want the truth to come out. so... steve ahead and explain sum that up why we are not going to retest her? >> the validity of the testing is the most important thing and guidelines that we have to follow to make sure we maintain that accuracy. she sat through a number of charts today that preclude me from going further with testing. the results from the first test speak for themselves. >> kirk: all right. thank you, steve >> thank you. >> kirk: john you you had she failed because she was manipulating the test. >> so she lied >> kirk: how do you feel about that >> that is messed up. girl. you are a liar >> i did nothing with your friend >> i'm not trying to hear that, man. that is fake. >> it's not fake. >> you are not crying >> i didn't do nothing. i'm not going to cry. no, the test didn't say... >> yes, it did. it said you were hiding the truth. that is what it said >> i wasn't hiding nothing. i called the show. i wouldn't have called here to sit here and look dumb, i would never, ever,ver, touch him not in a million years.

steven in california? what's happening? >> caller: i was wondering about canadian natural resources, you know? >> well, stevenadian nat, i got all these great oil companies and canadian nat -- no! how about eog? how about pioneer? both of those are better than canadian nat. can i go to jerry in washington, please? jerry? >> caller: hey, jimmy. >> what's shaking? >> caller: what's shaking? a big husky seahawk boo-yah from olalla, washington. >> i just picked up percy harvin. it may say "o" next to his name, but two weeks from now, thirty points coming at you. >> caller: he is going to kill everybody. >> go ahead. >> caller: i feel like i'm talking to an old friend here, which are. >> caller: you are probably getting tired of hearing this, but thank you for all you do for us little people out here. >> never get tired of hearing it. i run on fumes every single day. what's up? give me one. >> caller: one more thing. one more thing. before i give you my stock, good luck to your eagles when they play my seahawks because they're going to need all the help they can get. huh? >> okay. that's nice to talk to you, jer.

applause] >> government officials say stevens was overcome by smoke during the attack and went into cardiac arrest. >>> the childhood home of apple co-founder steve jobs is about to maybe go down in the history books. tomorrow the los altos historical commission will consider naming it a historical resource. it is the home whether he assembled his first 50 apple computers. they have been eyeballing the home for the past two years and it would add another layer of review if anyone tries to renovate the home. >>> the new york stock exchange has done a dry run of twitter's initial offering in hopes of avoiding the technical problems facebook experienced during its nasdaq review. -- debut. they said everything went smoothly yesterday. it was the first time they conducted a mock ipo that included traders simulating the buying and selling of shares. san francisco-based twitter is expected to go public sometime before thanksgiving. fingers crossed that that goes smoothly as rehearsed. it is 6:09 right now. lisa has a cooler forecast. >> much cooler. in fact, the fog continues to increase. we are clear only in concord and livermore this morning. elsewher

applause] >> government officials say stevens was overcome by smoke during the attack and went into cardiac arrest. >>> the childhood home of apple co-founder steve jobs is about to go down in the history books. tomorrow the los altos historical commission will consider naming it a historical resource. it is the home is where he assembled his first 50 apple computers. they have been eyeballing the home for the past two years and it would add another layer of review if anyone tries to renovate the home. >>> the new york stock exchange has done a dry run of twitter's initial public offering in hopes of avoiding the technical problems facebook experienced during its nasdaq debut. they said everything went smoothly yesterday. it was the first time they conducted a mock ipo that included traders simulating the buying and selling of shares. san francisco-based twitter is expected to go public sometime before thanksgiving. to buy and sell shares, that's how it works. >> yeah, i got it. >> thankfully you are better with the weather. >> it felt like summer yesterday. 70s then, and 80s today. look at all the cloud cover. temperatures will be slow to warm.

[applause] >> government officials say stevens was overcome by smoke from the attack and went into cardiac arrest. >>> the childhood home of apple co-founder steve jobs is about to go down in history books. tomorrow los altos historical commission will consider naming the house as a historic resource. it is the home whether he assembled his first 50 apple computers. they have been eyeballing the home for the past two years and it would add another layer of review if anyone tries to renovate the home. >>> the new york stock exchange has done a dry run of twitter's be initial offering in hopes of avoiding the technical problems facebook experienced during its nasdaq review. everything went smoothly yesterday. it was the first time they conducted a mock ipo that included traders simulating the buying and selling of shares. twitter is expected to go public sometime before thanksgiving. all right. working out the bugs. can't hurt. what's the weather working out to be? >> we have plenty of fog out there. in fact we look at the onshore flow increasing throughout the day today. here's a look in san francisco. 50 degrees with a light west wind right now.

steven moore who writes for "wall street journal." guys, thanks very much for coming in. i'll start with you, steve.ead and tell us, if the dead ceiling is not raise by october 17th, would there be a catastrophe? >> well, wolf, great to be with us. i hope you're not going to call me a debt ceiling denier. >> no. i don't want to see this happen. i think it's crazy that we're in this situation, it is hurting the economy, but some of these really dire forecasts, like a bankruptcy for the united states, or i would even make the case to you, wolf. that the chance of actually a default on our debt -- and this is a case the president has making. your analyst just made, i think that's irresponsible, because the chance of a default on the debt is very close to zero. the reason for that is even if we hit that debt ceiling, which i hope we don't do. even if we do, there is still monday to pay off the in fact i make the kay they make the first claim. let's not scare people who own bonds that they're not going to get paid. >> robert, get. >> i think that art, steve, with due respect is irresponsible. even though

steven schork, from from the schork report. phil flynn, senior market analyst. i'm not exaggerating. these guys are the best in the business. steve you, when will our you'd putnam members affect the price we pay. >> shoally but -- slowly but surely. we have past five years come down from 12 million barrels we imported to 7 million barrels. we're produces as much oil as we are importing it. the problem in the u.s., which can not get the oil where we need it. it is produced in canada up along saskatchewan plain, produced in bakken in the heartland and permanent me an in west texas. we need to get oil to refineries in philadelphia, refineries in houston, refineries in west coast to turn all the cheap crude oil what we need, gasoline and diesel fuel. this is a ongoing process. we made great strides over the past two years with getting this oil, mainly through trains. now, what happens, we need to get a pipeline, something like maybe, hey, the xl pipeline, keystone pipeline to get the oil down through canada, down into houston in a very cheap manner. not until we get that oil until where we need it will have an impact on the price. da

steven fincher from frog jump, tennessee. >> reporter: frog jump, tennessee, a tiny town about 75 miles north of memphis that nurtured the views of steveo spent his years before congress far away from politics. he was a farmer, he was part of a local gospel circuit, singing with the family foursome. ♪ and he was on the government dole. since 1995, fincher and his wife have received federal government payments of almost $3.5 million for their farm, but taxpayer dollars flowing into the fincher household did not stop him from mounting a david and goliath battle against the scourge of big government. >> we are forgetting that the administration that we have in office now thinks that the federal government knows best and they're the answer. they're not the answer. >> reporter: and he made good on that promise by cutting $40 billion from the food stamp program. and to justify it, he cited scripture. >> i looked at second thessalonians 3:10, that even when we are with you, we gave you this rule, the one not willing to work shall not eat. >> reporter: this was once part of the same bill in which fincher voted for farm subsidies, that he benef

. >> and steve brown, and you are largely a passive index shop, and you manage a ton of money, and everybody is aware of the indices that bears your name, and if steven is right, and this is a situation where the indexes have had enough, but the individual stocks can far exceed it, how do you play it from the passive standpoint? hyperspecific on sectors and geographic locals or something else that you would recommend? >> well, we are not passive, because we have the russell 1,000 and 2,000, and we have actively managed portfolio, and active management that we employ as well, and the indexes are part of the active money strategy, and where you look at the whether it is small cap space or large cap space, understanding what the relative opportunities are, but looking in the sectors and where are the distorti distortions. in equity versus fixed numbers, we are more leaning to the equi equity. and some agnostic stocks are more liquid in the u.s., and outperforming of the u.s. economy in the shorter team, so we are agnostic on the cap space, but looking into the security selection and actively managing the portfolios we will see the u.s. as i mentioned an

steve. >>> panera bread lowered the stock in trading. joining us right now is a senior analyst steven anderson. is this really as bad as we're getting the sense? >> certainly, the consumer had an under pressure in the third quarter. it's not tend of the world. in fact, the focus of the press release from management seems to be more on issues of throughput. that said, getting more people through at peak periods than it was on any specific macro issue. we see the same issue about 12 to 18 months ago with chipotle. and we think it's playing out with panera, as well. >> what does that mean, getting people in and out the door or just getting them in the door to begin with? >> it's getting more people in through the lines. it's trying to serve more people during the peak of lunch and dinner periods. >> so their growth has been stunned stunted just by the idea that you can't get people in and out any faster? >> that's exactly right. and what we've started to see, even here in midtown manhattan, we've started to see more people getting hired to put more orders through the line. >> if you look

steven cohen. they are leaning towards a plea deal. as our own charlie gasparino has been reporting, the biggest concern is whether steve cohen would get a lifetime. lori: just three little words. that is all it took to send hewlett-packard's spiking. adam: we will tell you how do you can get a free cup of coffee next. lori: it turns out men's warehouse stock is falling. we will have details ahead. ♪ capital to make it happen? witht the thinking that makes it real? what's a vision without the expertise to ecute it... and the financing toake it grow? whatever your goal, it can change more than your business. it can change the future. that's why, at barclays, our amtion is to alwa realize yours. that's why, at barclays, stick with innovation. stick with power. stick with technology. get the flexcare platinum. new from philips sonicare. adam: a stock color with a smile. we are watching tapes steve penny saxe -- jc penny saxe. we want to get a another look at the retail site there. this one is for the men. men's warehouse. nicole: maybe they will be one together. this morning we are hearing an offer for men's warehouse that dated back to a

steve balmer stepping down within a year. some of the candidates reportedly under consider include mark hurd, stephen elop, tony bates, kevin johns job, stevenmulally, ceo of ford motor who in an interview with cnbc last month dodged a question about whether he was they hadded for the microsoft job. >> well, i clearly am focused on ford and we have a great partnership with microsoft, as you pointed out. we look forward to continuing that relationship. i absolutely love serving our ford. >> daniel, good morning to you. is the search for a new ceo going to focus on the company operating or not? >> i think it is. and that's front and center for investors here in terms of who the next ceo is. you know, hopefully over the next three to six months. but, again, it was a pretty good quarter last night and it's really, you know, some good news from microsoft. you know, tech has been a tough earnings season and it was a good quarter for microsoft. even though the ceo surge is definitely what's on top investors' minds. >> out of that group that i went through there, allen mulally speaking at the end, would any of those that you would pick over anybody