janet yellin. >> absolutely.k you, scott. >> a passenger is being called a hero for safely letting a plane during a midflight emergency. >> this was a scary scene happened last night over the united kingdom. pilot of the small propeller plane actually got sick and collapsed right during that flight. the passenger, the only other person on board, immediately made an emergency call to the control tower. two flight instructors were there, and they helped guide the passenger down who had never before flown a plane. cheers after a lot of tense moments. erupting at the control tower after the fourth attempt to land was successful. that's good news. the sad news on that one, the pilot did not survive. he later died in the hospital. >> i know. we don't know how he died. >> christina loren, we have some showers this morning on this wednesday. now some puffy clouds. >> yes, and puffy clouds. you know what, looks like we're going to see a few more showers before the day is done. good morning to you, jon and marla. this is s

janet yellin in the clinton administration was chairman of the council of economic advisors. but what -- what the word was from the white house was that obama wanted somebody who was a really steady hand in a crisis. >> and yellin was not part of his tight inner circle. >> the financial crisis. summers was. >> correct. and also we have seen from this president that he does tend to like to appoint people that he knows and he's comfortable with. a lot of people are not comfortable with larry summers but barack obama is not one of them. and you had the sense that he had a very high degree of comfort having -- he would have had a high degree of comfort. the problem was there were a lot of people that larry summers rubbed the wrong way over the years. who would not have been comfortable with that job. and it was democrats not republicans and many had h raised the fact that larry on the wrong side of the debate of regulation when we had less of it and should have had more of it and his personality can be alienating. >> this is -- everybody talking about firsts here. i'm not going t

that said, he pledged to block the janet yellin nomination is only start. other has got to be some kind of special halloween treat or something or trick, yeah, i don't know, but that is amazing. that story's next. ♪ man: [ laughs ] those look like baby steps now. but they were some pretty good moves. and the best move of all? having the right partner at my side. it's so much better that way. ♪ [ male announcer ] take the next step. consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it helps pay expenses that medicare doesn't cover and lets you choose or keep any doctor who accepts medicare patients. call or go online and request your free decision guide. use this guide to help you choose from a range of aarp medicare supplement insurance plans. have the right partner at your side. consider an aarp medicare supplement insurance plan. go long. he was a matted messiley e in a small cage. ng day.an. so that was our first task, was getting him to wellness.

. >>> the white house has named janet yellin the next chair of the federal reserve. she's currently the vice chair. yellin spent much of her career as a professor at uc berkeley. >>> the bay area is filled with dog lovers, but the bay area also loves an underdog. >> which explains why one nonprofit is enjoying so much success. >> reporter: a friend gets kr credit for helping her find her passion in life. it was the friend who said, either do something about it or stop talking about it. sherry did and the result is tonight's bay area proud. for two partners in a failed relationship, she and her dog flower seem to get along great. >> this is what we like to do every day. >> reporter: judy says flower is the best dog she's ever had. what's failed about it? 13-year-old flower came to live with judy earlier this year as a foster dog, a temporary situation until someone else adopted her. that someone turned out to be judy. >> she just follows me. >> reporter: in the business, that's called a foster failure. judy only sees the success in it and how it never would have happe

that said, he pledged to block the janet yellin nomination is only start.r has got to be some kind of special halloween treat or something or trick, yeah, i don't know, but that is amazing. that story's next. when you have diabetes like i do, getting the right nutrition isn't always easy. first, i want a way to help minimize my blood sugar spikes. then, a way to support heart health. ♪ and let's not forget immune support. ♪ but now i have new glucerna advance with three benefits in one. including carbsteady ultra to help minimize blood sugar spikes. it's the best from glucerna. [ male announcer ] new glucerna advance. from the brand doctors recommend most. advancing nutrition for diabetes. does your mouth often feel dry? a dry mouth can be a side effect of many medications but it can also lead to tooth decay and bad breath. that's why there's biotene. available as an oral rinse, toothpaste, spray or gel, biotene can provide soothing relief, and it helps keep your mouth healthy, too. remember, while your medication is doing you good, a dry mouth isn't. biote

the markets are shouting about yellin. >> okay. >> what are they shouting?rve chair, the first ever to be nominated for the position. that is 1,000 reports expected to come down and the market likes it. yellin is likely to keep interest rates lower for a longer period of time. even if low rates do cause inflation, there is no perfect policy and if she had the two to choose from, she would view lower rates from the center and inflation as the lesser of the two evils. only as a trivia question. the first u.s. female to be nominated as head of our fed, but there is a female central bank head, first in the world. it was in which country? russia. >> russia. >> elvira nebulina. >> i knew that. >> educating us. did you know that? not in the driveway. yeah. it's in the shop. it's going to cost me an arm and a leg. that's hilarious. sorry. you shoulda taken it to midas. get some of that midas touch. they tell you what stuff needs fixing, and what stuff can wait. next time i'm going to midas. high-five! arg! i did not see that coming. trust the midas touch. for brakes

bernanke and janet yellin are also. it can destroy your savings.ffect whether you have a job or future. i wish there was a simple way to explain what it does. which is why i'm thankful there is a new film about the fed called money for nothing. jim brous made the film. jim, before we get to your movie, i want to play part of the movie made by the federal reserve. >> the fed is important because it keeps america's monetary system stable and growing with low inflation which fosters further growth and helps the economy going in the right direction. >> sounds good. the economy going in the right direction. >> can you argue, intentions may be good but results aren't always. >> you interviewed janet yellin for this film. >> yeah. i chose not to show any of her interview bits. because she was even more boring than everybody else. you get the feeling they work ats this. >> i think since greenspan there is this tradition of the span trying to operate outside of the lime light behind the cartians a little bit. and not give way its policies. >> what i especia

that will be janet yellin's first meeting to chair the fomc. i think the thing they'll be looking for is clear evidence that the labor market is continuing to improve and that the pace of economic activity in the united states is picking up. i think that's really what they want to see. obviously, they're balancing that against the potential for some financial stability concerns that they stay easy too long. but i don't think they've seen enough evidence that there really are significant financial imbalances at least in the united states at present to cause them to want to prematurely begin to tighten. i think it is more likely that they wait until march. >> now the debt ceiling issue may come up early next year. do you think this would be a distraction for the new fed chair yellin? >> i think for one, one would certainly hope it's been a rather sad spectacle here in the united states watching fiscal policy developments over the next month or so. we needlessly inflicted considerable pain on the economy for the fourth quarter this year with absol

tomorrow, the president will formally announce that janet yellin, the number two official at the federal reserve will be his choice to replace the current fed chairman ben bernanke as the next chair. ben bernanke's term ends at the start of next year. janet yellin would have to get confirmation from the senate, but it would make history if she is confirmed by the feds. >>> and the ripple effects of this shutdown keep rolling in. the cdc for one, has been affected. much of the staff furloughed. but today, they call safety recall from chicken that has now made over 300 people sick due to salmonella. >>> and with next week's deadline fast approaching the dow slid nearly 160 points today, now wiping out all of its gains in the last month, there is concerns about the s&p, cnbc's maria bartiromo says that banks are reporting war rooms in case of a selloff if indeed a default is allowed to happen. >>> and here in new york, there is word that an undercover police officer surrendered to authorities in connection with the motorcycle gang attack on the driver of a range recover days ago. the detect

again, this was right in yellin's backyard.ia but arizona, nevada among other places. i very much fear she hasn't learned anything over what happened in the last decade, we will see a repeat. cheryl: do you agree with that? maybe she can try to differentiate herself from ben bernanke. i don't know that. >> should put some nice intellectual framework around it but yes, i fully agree. the problem is we have too much debt in the world and we treat that differently in different parts of the world. it doesn't work too well, but here we will kick the can down the road as we do anywhere else in the world. it is with monetary policy and yes, that will create bubbles anthat will debase the dollar. the problem is we have account differences. when the bond market forces policies to their knees, the dollar may be far more at risk. we will have other crises playing along like in japan where they are very relatable. cheryl: the asian finance minister are thrilled the president will be nominating janet yellen. can she right the ship that come

eastern, for special coverage of janet yellin's nomination as chair of the federal reserve. will continue right after this with brooke baldwin. your body needs. before you invest in a mattress, discover the bed clinically proven to improve sleep quality. once you experience it, there's no going back. oh, yeah! at our columbus day event, save $500 to $700 dollars on the final closeout of our performance series mattress sets. but hurry-ends soon! only at a sleep number store, where queen mattresses start at just $699.99. sleep number. comfort individualized wednesday. i'm brooke wald bald wn. right now, we're are told the president is ordering his lawyers to fix the biggest outrage in america right now. military death benefits for the families of fallen soldiers. this on day nine of the government shutdown and eight days until america defaults on its debt if congress can't get its act together. i don't want to foexs right now on the school yard bickering, the relentless park and forth. today i want to focus on the people caught in the middle. the families of the men and women

eastern, for special coverage of janet yellin's nomination as chair of the federal reserve. will continue right after this with brooke baldwin. your body needs. before you invest in a mattress, discover the bed clinically proven to improve sleep quality. once you experience it, there's no going back. oh, yeah! at our columbus day event, save $500 to $700 dollars on the final closeout of our performance series mattress sets. but hurry-ends soon! only at a sleep number store, where queen mattresses start at just $699.99. sleep number. comfort individualized

unfortunately, the appointment of yellin seemed a bit like a sideshow today. kind of like "our american cousin," a play that mrs. lincoln indeed might have liked except for the fact that her husband was assassinated while she watched it. the odds seem to be growint that the nontalks will stay nontalks right through the secretary's drop dead deadline of october 17th. sure, we've been heartened today as we've heard one more chimera of reconciliation. talks between the house leadership and the president. but follow the arc of this whole thing. we were thinking just last week that a default is as unlikely as a meteor hitting washington. i heard that sound bite. now i think the odds are about 20% it does hit the capital, given how forceful both sides are about not talking to each other. yesterday if these two were buddies, you would never see them in the same room again, right? ex-buddies. what have we got here? obama's comet? now 20% doesn't mean the event is going to happen. especially if there is anything to these whispered talks. after all, there is an 80% chan

the country faces a looming financial crisis, president obama just a little while ago named janet yellin to be the next secretary of the federal reserve. she'll succeed ben bernanke, if confirmed, and become the first woman to chair the bank. jim? >> reporter: wolf, president obama introduced her as the next change, noted she would be the first woman to lead the federal reserve in the 100-year history, and paid a lot of compliments, noting the fact that she is tough but fair and not only because she's from brooklyn, talked about her bona fides as an economic policymaker, saling shy warned of the housing meltdown before it happened in 2007 and 2008, but at one point, wolf, he didn't make any direct reference to the debt ceiling deadline that is looming, but he did make sort of an implicit message, when he said talking about the progress that's been made since the recession said we shouldn't do anything to threaten that progress. wolf, this was the one optic, perhaps the only one of the day, that the president could control. >> so, jim, is there anything else going on as far as the meeting

. >>> and this morning president obama will nominate janett yellin to chair the reserve. the 67-year-old has served as its vice chair since 2010. her nomination has been expected ever since larry summers with drew his name from nomination last month. >>> and under cover member of the nypd is charged in the motorcycle road rage case. he is a ten-year veteran of the force. he will be arraigned today. police say video clearly shows him pounding on the suv. the investigation started after he wasn't exactly forthcoming with information. he is the sixth arrest in the case. another man was arrested tuesday. >>> also under arrest some members of congress. eight house democrats were arrested tuesday, seven men and one woman. they include some veteran lawmakers. it happened tuesday outside the capitol during a rally for immigration reform. the representatives joined thousands of activists demanding congress take up a comprehensive immigration bill. capitol police say they will be charged with crowding, obstructing and other forms of civil disobedience. >>> there is a chill in the a

janettt yell -- janet yellin was nominated by president obama. it comes with the blessing of 350 economists who had her backing making her arguably the most powerful woman in the world. >>> air new zealand has hired betty white to help them with a four-minute in flight video. even getting a little helping hand from the "love boat" captain. >>> and panasonic will stop manufacturing plasma tvs in march of 2014. so take note. >>> men's wearhouse has rejected $2.3 billion unsolicited takeover bid from joseph a. bank. >>> and we are watching about 4 1/2 hours of tv per day and spending about five hours and 16 minutes in front of tablets, smart phones in that day. which means we are watching more tv programs but from different devices. >>> for about the 15th time mcdonald's plans to replace happy meal toys with paperback books during the first weeks of november. read up, kiddos. >>> and according to a chinese study of 57 beverages sprite came out on top as the best remedy for a hangover. who knew? >>> ahead another teen goes home in the fall classic. a

trading with lawmaker, white house sources y the president will nominate fed vice chairwoman janet yellin to lead thefederal reserve after ben bernanke steps down next year. the president considered his former economic advis, lawrence summers to lead the fed, but after months of democratic resistance in the senate, summers withew himself from coideration. one week after maryland's health insurance exchange opens to the public...only 300 peoplhave formally rolled. but state officials are defending the program. they say more than 170-thousand people have logged onto the state's website...seeking information about how to sigup for coverage. (question) "only 300 some people have signed up for the exchange. is that a disappointment? well, i think it's not surprising given he fact that initially we had some trouble getting people getting through the first stage of the process so i would not say i am disappointed, i think we're impressed how manyeople are interested." sharfstein...say s he's still predictig that by the end of the first year... 150-thousand marylanders will have enrold in the hea

that will be janet yellin. nousing he will be doing that tomorrow. you remember that was a fugitive fight. it is now going to be janet yellin. this country is staring down the debacle. here to talk about the debt ceiling, first, i would be remiss if i did not ask you. this is an interesting time for this headline to come. what's the significance? >> i think it is a bad time for it to come. i think she will get lost in all this debt ceiling and shutdown news that's swirling around. so i think it is a bad timing for her personally. >> and for the markets overall? good, bad? >> well, i think if you're a believer in tapering, she's good for the market. most people want to see this tapering end sooner than later, believe it or not. we've had a lot of it and we're getting a little tired of it. so i think basically she is bad for the market in the long run. >> we'll be back with allen in a moment. but obviously crucial on breaking news, the president just announcing that he will formally nominate janet yellen. "outfront," during an hour long news conference

janet yellin is the name which is expected to be positive for the markets. what are we missing? >> this deal is supposed to be a positive catalyst, but the market hasn't actually gone down since the worries started. we're about flat versus where we were last month. so, if we had seen a big pullback, it would have been a good buying opportunity, but now, we're going into earnings season and companies are going to issue reports and guidance and we're going to hear company after company saying performances hurt by washington. whether or not it was. just to lower expeck tactatione. so, we could see short-term selling, but we think between now and year end, there's about 5% upside. >> what you're watching on the screen on the left is the house of representatives, the floor there. the right is the senate, which was expected to get back into session at noon. the business does go on in the house and that's where we understand from john harwood and others that the real action could begin as we head towards a deal as the house is expected to move forward to expedite this process, so we co

i'm not yellin'. nobody's tackling anybody! we got absolutely...s such a good idea. i'm on it. if we can't secure the quarterback center exchange... you're doing a great job, coach. well they're coming along better than i anticipated. very pleased. who told you to take a break? [ male announcer ] want to win your own football fantasy? just tell us. then use your visa card for a chance to win it. just tell us. goglossophobia, is the fear of public speaking. ♪ ♪ the only thing we have to fear is... fear itself. ♪ ♪ >> joe: the new season of the ultimate fighter is powerful, relentless, epic, and it's just getting started. catch the show critics say delivers the goods and see why they call it the new best rivalry in sports. get hooked. the ultimate fighter all-new wednesday only on fox sports one. go to foxsports1.com. bottom of the ninth inning. 1-0 the red sox lead. the bull pen for boston has been so good this entire postseason. koji uehara taking over as the closer has been brilliant. victor martinez first up. then peralta. then avila. strike one.

she came to the club with her baby in her arm, yellin', "you are the father, this is your baby. "why aren't you taking care of your baby? you're a deadbeat dad." i cannot believe what i'm hearing. i received a message, "you are the potential grandmother of my daughter." and i know when you see dollar signs and you're struggling... you do whatever you got to do. he don't even got no money! i don't want nothin' from him, for real, like, real talk, man, i never asked him for nothing! for me to have a daughter and then she don't know who her daddy is, is like, pitiful. i need to figure out what's going on, man. you may be seated. hello, your honor. hello. this is the case of hunt vs. tinsley. thank you, jerome. you're welcome. good day, everyone. mr. hunt, you have petitioned the court for a paternity test to prove that you are not the father of ms. tinsley's three-year-old daughter, jaziya. jamarcus: yes, your honor. lake: you say that she is a gold digger and that your relationship with her was brief... jamarcus: she's a gold digger. no i'm not. no i'm not. lake: ...and purely sex

yellin has been second in command at the federal reserve since 2010 and now she could be the first woman at the top nits 100 year history. >> i think a woman as head of the federal reserve, a qualified woman, would be a very positive thing for this administration. >> her colleagues say it is likely that she will keep interest rates low and focus on growth and unemployment at a time when the economy continues to rebound. >> that will help a little faster and that's going to be good for all of us. >> in berkeley, kpix5. >> if congress confirms, yellen would take over on january 31. >> bart and unions have two more days to resolve their differences. that cooling off period will be ending thursday night. both sides are still talking, that's good news. we don't know much of was going on because of a gag order, but the unions have not given a 72 hour strike notice because they want to leave every opportunity open for a deal. bart's chief negotiator gives us a little insight tonight. >> i would tell you they aren't moving very fast. but i have to play it out and see. >> unions stale say all opt

and she started getting really upset, screamin' and yellin'. she started punchin' the wall. >> reporter: joe says initially it was sheena's idea to leave the hotel but that she suddenly changed her mind. refusing to go. >> she actually at one point tried to grab the money that i had on the bureau so and she said that i wasn't leavin'. and i told her, "i am leavin'. we're leavin'." because at that point, i -- you know, she -- from her punchin' the wall, and screamin' and yellin' the way she did, i -- i was afraid that, you know, cops were gonna come. >> reporter: but guests were already placing that call to 911. >> there's two people over there, just screaming and yelling, a woman and a man, at each other. >> reporter: and joe told us what police say he's always told them. and where did you go? >> home. straight home. straight to my townhouse where there were people there, they were havin' a party, and at least five or six people saw me. >> reporter: on the drive home, joe says sheena was on the phone with him suddenly sinking into that depressi

they have no exit strategy and no way out, but i'll just say this, look, i call janet yellin, with all respect, she's very smart. she's the empress of doves, that's what she is based on inflationism is the new goal at the fed. first of all, we have nothing on which we should base calling her the queen of doves. >> not empress. >> nothing to base it on. >> why? >> her whole record is like that, but that said, let's step away from paul kru g-man. >> who won 6% inflation. >> don't those mean something to you quoted in a new york times story. >> forget the new york times story and i give him credit and he's someone i share a lot of views with, and i should be associated with him. it would be great for me, but there's something to be said in literature for a burst of inflation or a moderately high level of inflation, and underlying this entire discussion is exactly what you brought up which is that the cpi on a year over year basis less than the fed's target. so we can cream all we want about what the fed's doing and it's printing, it's printing, it's printing based on the way that the gove

with the senate's number two republican saying yellin has a, quote, stimulus obsession.ll right, let's get right to nbc's kristen welker at the white house. so kristen, janet yellen would obviously be the first woman ever to lead the fed, an historic figure should she get the job. she is described as a consensus builder. given what you heard me reed from john cornyn in the senate, does the white house expect a fight on yellin? >> well, i think there will be a fight, like everything in this town, joy, certainly. i wouldn't be surprised to see that and as you pointed out, john cornyn is gearing up for that. having said that, i also think the white house expects she will ultimately be confirmed. this is someone who has broad support amongst democrats. and also sort of a bipartisan support from the sense that a lot of people believe she is highly qualified. she is a 67-year-old woman who has more than a decade of leadership experience in the fed. she is, of course, the number two at the fed right now. so no one really questions her readiness. and in terms of the market react

so fx markets clearly are saying they do not have confidence in janet yellin.they do not believe she will espouse a strong dollar policy. we certainly rant seeing it from the fiscal side. the markets are telling us the dollar is in trouble. i agree with you. can that be a near-term positive? yes. i think it has been for global markets over the last few months. but is it a long-term positive? no. you don't have a sound economy without a sound currency. >> i agree with that. >> we need to start defending the united states dollar again. >> i agree with that. but i'm just interested. bond prices are going up and rates are going down. and therefore i don't see why stock prices can't keep going up. in other words, let me just -- people are saying the multiple on the s&p is too high, 16 times earnings, more or less. i don't think that's historically too high. it's not cheap, but i don't think it's historically too high. on the other hand, on the other hand, convert that into a yield. that means the equity-risk premium 6 1/4% is the stock market yield. compare that the

tomorrow the president will formally announce that janet yellin will be his choice to replace the current federal reserve chairman ben bernanke as the next chair. his term ends at the start of next year. she would have to get confirmation by the senate, but it would make history if she's confirmed. >> chuck todd from the white house tonight. chuck, thanks. >>> after eight days of this, the ripple effects keep rolling in. the cdc has been effected. much of staff furloughed. now, there is a recall of chicken that has now made 300 people sick in different states. wall street is reacting to the possibility of defaulting on the debt with next week fast approaching, the dow slid nearly 160 points today. it's now wiped out all of its gains on the last month. there's concern about the s&p numbers. tonight cnbc's maria bartiromo is talking about the default and what could happen. >>> here in new york, there is late word tonight an undercover police officer has surrendered to authorities in connection with that motorcycle gang attack on the driver of a range rover nine days ago. the detective was s

maybe ben bernanke will leave office and send the tapering decisions to janet yellin. i think the fed is try iing to compensate for the dysfunction on the parts of government. so, whether or not we see a grand bargain, do you think the dysfunction is over? people want to see solutions out of these guys. >> we're so right about this. i spend a lot of time reporting overseas in really messed up places, pakistan, syria, afghanistan, iraq, where people have serious problems and can only dream of a basic foreign government. i think people do tend to appreciate it when they go through a crisis like this. it is huge. there's still a fundamental difference between the parties and i already hear people talking about 2014, 2016, looking to the next election to see if they can get beyond this period of divided government. >> gentlemen, great conversation. see you soon. up next on the money, alan greenspan will join me. the former fed chairman asks some questions himself and later, the government's back at work, but what about the millions lost at the national treasure. i'll find

"there's not much more janet yellin can do. we've reached the limits of what the bernanke policy, in my opinion." yellen, an academic through much of her career, chaired president clinton's council of economic advisors in the 90's and in 2004, became head of the san francisco fed. there, federal reserve meetings show yellen's early warnings of the housing bubble collapse. "one of the things she understands is the pulse of the economy. she's a better forecaster than people realize." "while we have made progress, the fed must serve all americans, including many who cannot provide for their families." fed chairmen have been considered rock stars--alan greenspan, act with independence--about which, paul volcker warns that the fed is in danger of losing, and until now, men. but its that second point--losing its independence, particularly when the most recent potential nominees became the focus of political debate, that most concerns george kaufman. "it's bad because when interest rates go up, there's going to be political pressure t

yellin, however would need to be confirmed by the senate. >>> now to more details on janet yellen. her career highlights include positions as a professor at uc berkeley. she is married to george akerlof a professor of economics at uc berkeley and winner of the 2001 nobel prize in economics. >>> sources in a new report involving the asiana airlines crash say the pilots claim a key piece of equipment malfunctioned. the pilots told investigators that the automated speed control system disconnected on that boeing 777. the pilots didn't realize the plane's speed hat dropped dangerously low prompting the landing gear to strike the seawall. >>> now to an nbc bay area followup. nearly 1 million californians have visited the obama care website. but that's just a small percentage of the roughly 6 million californians eligible to get health care in the state. of those who visited the website in the first week more than 16,000 applications were completed. another 27,000 applications were started but not finished. that may be due to a computer glitch. >>> as we speak the a's are mid flight comi

. >>> and today rez obama expected to nominate janet yellin as the next federal chair. she is the vice chair of the federal reserve. if confirmed she would be the first woman to head the nation's central bank. she emerged as the leading candidate after lawrence summers withdrew from consideration. the president is expected to make the announcement this afternoon in the east room of the bhous. current fed chairman ben bernanke will end his term in january. >>> let's check in with molette green now at the live desk with news about secretary of state john kerry. molette? >>> eun, good morning. happening right now, crucial talks this morning between secretary of state john kerry and top asian leaders. t terry has now arrived in brunei to meet with officials from china and its smaller southeast asian neighbors. a big part of the negotiations will center around cooling tensions over territorial disputes in the south china sea. the summit will also cover political, economic, and security issues. secretarkerry is filling in for president obama who had to cancel because of the o

i think the overriding mojo for the markets is janet yellin. that's really it. and that's the one thing that has mitigated a lot of the issues that have gone on in d.c., that nomination by the president obviously is really key for the markets. because if we get past the budget and the cr, then we're right back to where we were prior to it, which is hey, janet yellin, continuation of fed policies, foot's on the gas and she's the biggest dove. that's the interpretation by the stock market. >> and she won't tighten in my life? is that fair? you're younger than i am. in my lifetime, i'll never see her tighten. >> no, you won't see her tighten. consumer confidence. when you look at the internals, you ask people what is the biggest problem with the economy. they're not saying economy or jobs. they're saying the politicians. so that suggests that maybe this dump in confidence could actually be temporary, which would be consistent with the '95-'96 government shutdown. >> stocks continue to rally. actually, just a final one. i got to go because we have someone waiting. s

charles: we knew it was going to be janet yellin.sharp decline in the stock market, can we say that? the minimum wage battle wages on at the local level. the mayor of seattle now says he is open to raising the minimum wage to $15 per hour. yes, he is running for reelection. you think that is an election winner, charles? charles: ultra-progressive state. seattle has a implement rate 4.7%. the argument can't be made it will spur job creation. thei have microsoft of the worla fortuitous state. this is purely politics, not economics and something if other states look at the model, they would make a huge mistake. stuart: a lot of people support the idea of government telling employers you pay this. charles: redistribution of wealth. stuart: a professor at notre dame university resending a comment from somebody calling jesus a socialist. joining us now. welcome to the program. we're going to talk about jesus being a socialist. i saw you on o'reilly, you said in that interview jesus has said in order to get to heaven, you have to give away

. >>> and history is being made at the white house when president obama nominates janet yellin as the next fed chair. she would become the first woman to hold the high-level job. yellen has been vice chair of the federal reserve since 2010. ben bernanke's term ends in january. >>> one of the fed's big jobs is to distribute those brand-new $100 bills. they cost 12.5 cents to produce. that's a 60% increase over the older version of the c-note. the fed actually rejected more than 1 billion notes because of printing errors. and it could cost $50 million or more to destroy those bad bills. >> dumper diving back at the fed. what do you say? >> good idea. >>> apple fans have october 22nd marked on their calendar. that's when the company is expected to make its new ipad announcement. all the talk right now is that apple will roll out a new version of its traditional ipad and new ipad mini. >>> and the annual neiman marcus christmas book is out. among its high-priced items is a special edition aston martin, there which you can buy for 344,000 bucks. you would look good. another special gift is

republican senator from kentucky threatened to put a hold on the nomination of president obama of janet yellinan. >> i see upside. but look we were up 16% last year we're up 23% now. i mean you know where is it written, that we should be rewarded that handsomely year after year? >> that's a perfect piece of michael jordan memorabilia. you get his house, his basketball court. >> first thing i would do rip up every board of that basketball court and put it on ebay t. has the sweat and everything on it. >> all right. let's have more total request friday for you guys out there and get more tweets. first one is can you hear me asks wow, don't play fb into earnings. terrible advice, guys. goog up amazon up like come on. twitter on the way. fb wins. >> i don't know what that means. >> he's ripping on you. >> come on man. you only need one. don't ever say net net if you're out in company. think about it. >> this one is for tim. woody asks you, thanks for melly, what do you think now. >> continuing to grow beyond expectations, 52 times earnings is not cheap but not expensive for meli a few uncertaintie

will stay with us yellin our rebel. groups in syria killed at least one hundred ninety civilians in every august human rights watch revealed today the report also says over two hundred hostages were seized in a military offensive on a pro-us and other wife villages the study used on site investigations and interviews with those who survived the assaults conclusory operation was a coordinated and planned attack on the civilian population at least sixty seven of the victims are believed to have been executed the circumstances of the rest of the deaths are being investigated and five extremist groups are believed to have played a key role in the offensive including the al qaeda affiliated. nusra and the islamic state of iraq and. i mean. protestors across the globe are preparing to rally against genetically modified food giant one center hundreds of cities and over fifty countries i expected to take part in saturday's march the previous international protest last may gather around two million people together marchers are c

do you think the fed is going to stop pumping anything into it with yellin now coming in and the fact we have this government shutdown? the fed is not going to stop any time soon. the tapering will not begin until 2014. so with that being said, we have much higher prices in stocks. >> matt mccaul, have a great weekend. >> thank you. >>> up next, love, american style. why the drama in d.c. is looking more and more like a failing marriage. can it be saved? last week, we talked to a hostage negotiator. this week, we're going to talk to a relationship counselor. next. jc: lunch at that one restaurant we all like? ron: i'm sorry, who are you? jc: i'm your coworker! c'mon guys. i'm driving. hey, you guys comfortable? it's best-in-class rear legroom. and with a turbo engine that gets 35 highway m-p-g. you know j.d. power ranked passat the most appealing midsize car two years in a row? i bet, uh, dan here wishes somebody found him most appealing two years in a row. ron: it's ron jc: ron... exactly. vo: get 0 down, 0 due at signing, 0 deposit, and 0 first month's payment on passat or any new 2