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bny mellon. ido more with less with buss energy.hp is help. soon, the world's most intelligent servers, designed by hp, will give ups over twice theerforman, using forty percent ss eney. multiply that across over a thousand locations, and they'll provide the same benefit to the environment as over 60,000 trees. that's a trend we can all gebehind. peace of mind is important whenl so we provide it services you bucan rely on. with centurylink as your trusted it ptner, you'll experience reliable uptime for the netrk and services you depend on. multi-lared security solutio keepour information safe, and secu. and respsive dedicated suppo meets your needs, aneases your mind. centurylink. your link to what's next. lou: sreme court announcing will hr case that challenges environmental protes against regulation of greenhouse gases, the justices will rule on whether epa restrictions involving automobile give it power to impose simar restricts on powerplants and factories. an on docket, issue of affirmative action, hearing a challenge to 2006 michigan vot

bny mellon. the most free research reports, customizable charts, powerful screening tools, and guaranteed 1-second trades. and at the center of it all is a surprisingly low price -- just $7.95. in fact, fidelity gives you lower trade commissions than schwab, td ameritrade, and etrade. i'm monica santiago of fidelity investments, and low fees and commissions are another reason serious investors are choosing fidelity. now get 200 free trades when you open an account. (vo) you are a business pro. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. (aaron) purrrfect. (vo) meee-ow, business pro. meee-ow. go national. go like a pro. . >> welcome back. yahoo! reporting third quarter r results tomorrow. the stock is up more than 71%. >> you know this. we have been talking about yahoo! since

bny mellon. gerri: the head of the largest bond fund tim coe says expect the fed to keep interest rates low for years to come for right now the market forecast expects them to be 1% higher by late 2015 in what percent higher by december 2016. he said that against that joining us now is the ceo of schaefer asset management you agree? >> we talked about this last week. our economy cannot sustain higher interest rates we're in dade tea leveraging the environment this is what happened in japan. it is not new. >> bill gross but is he talking to advantage his own investment? >> that is a great question. he did have a great run but i do believe it will stay down for a long period of time. if you just think about a week of $4 trillion in the economy cannot get going. >> but december 2008? >> but sevener eight years ago the fed fund wwuld be zero a the interest at zero% you would laugh. it shows how weak the econy is with the underlying tone to keep the down. gerri: talk about what happens to americans. f

bny mellon. the after the show show. thank you, everybody! >>> first, the punt. now this week's d.c. deal kicking taxpayers in the rear with a nearly $3 billion bill for what's being called the kentucky kickback. and it didn't do one thing to cut back our debt. that just topped $17 trillion for the first time ever. so would no deal have been better than this deal? hi, everyone. i'm brenda buttner. this is "bulls and bears." and here they are. gary b. smith, tracy burns, jonas max farris, john layfield and david mercer. gary b., you say america got the raw deal with this deal. how so? >> i honestly believe so, brenda. the whole reason we went through these shenanigans were to cut back on government, both spending and encroachment like obama care. instead, we got almost the exact opposite. so not only is the government spending more, but this kentucky kickback you talked about is indicative. you know, that was $2 billion extra that we've been appropriated now from the american taxpayer. that original project was only supposed to cost $775 million. so the cost now o

bny mellon turns insights like these into powerful investment strategies. for a university endowment. it funds a marine biologist... who studies the peruvian anchovy. invested in the world. bny mellon. ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. neil: let's get right to it. first up, we have carl ichan. now he is urging tim cook to buy back stock. so what do you make of what he wants? >> he is an activist and yet he is acting more like a bully. this is essentially him saying that you are living well below your means. borrowing $150 billion at 3% interest rate because that will increase the overall stock by 33%. but who is he to come in here and tell him how to run this company. there are significant risks with the ipad and the iphone, no great

bny mellon. help the gulf when we made recover and learn the gulf, bp from what happened so we could be 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 activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below. to the finest comforts above. we're not simply saluting history... we're making it. john: what is an essential government worker? >> any job is essential. >> every job. >> 4 million workers than they are all the essential? >> yes. you are very

bny mellon. we still run into problems. that's why liberty mutual insurance offers accident forgiveness if you qualify, and new car replacement, standard with our auto policies. so call liberty mutual at... today. and if you switch, you could save up to $423. liberty mutual insurance. responsibility. what's your policy? >> shares of taser international, a leading manufacturer of electrical weapons doubled its price in 2013. today the company posted better than expected earnings. both a new array of law enforcement tools. can taser keep this up. always great to speak with you. >> thanks. good to be here. >> long term business strategy is now intersecting several trends which we believe have hit a tipping point. what do you mean by tipping point. does that mean a shift in the mix of your business towards these areas? are these the biggest growth areas in your business. >> a few year as ago there was lot of resistance. in order to protect themselves to have a record of what they do. you have got to put their data somewhere and

bny mellon. at od, whatever business you're in, that's the business we're in. with premium service like one of the best on-time delivery records and a low claims ratio, we do whatever it takes to make your business our business. od. helping the world keep promises. ido more with less with buss energy.hp is help. soon, the world's most intelligent servers, designed by hp, will give ups over twice the performance, using forty percent less energy. multiply that across over a thousand locations, and they'll provide the same benefit to the environment as over 60,000 trees. that's a trend we can all get behind. ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. when they go they will get the care

bny mellon. lou: bringing you a stay on tropical storm karen with is expected to make landfall by tomorrow in the vienna right now birling to the coast with winds of 50 m.p.h. and forecasters say it could strengthen overnight and hurricane watches are in the fact from louisiana to florida. the treasury department warns of the default coming on october 16 it could trigger it economic calamity but we are here tonight to expose the debt ceiling truce and to put into perspective the governor -- the government has revenue of debt interest of 30 billion and the president has the power to prioritize spending to pay down only the debt interest and social security, medicare, a service members' salaries and here to guide as is david stockman. the former head of office and budget under president reagan. we're also joined by chris edwards from tax policy studies at the cato institute. terrific to have you here. how can there be so much frankly what a good friend of mine calls gross over a exaggeration? >> th

bny mellon. at od, whatever business you're in, that's the business we're in with premium service like one of the best on-time delivery records and a low claims ratio, we do whatever it takes to make your business our business. od. helping the world keep promises. gerri: welcome back to our special user guide to obamacare, you still have time to send in your question, 1-877-249-9626. back again with me to answer your tax related questions. rich, thank you for coming back after dinner. i appreciate that. we have a caller here wayne in north carolina. what is your question? >> two questions, when there is a discussion about total income for individuals, as far as getting offset from government, is this ajumped gross income -- adjusted gross, my wife's premium is $ 304 for standard insurance policy, she 62, that amount next year is 778. we have income combined over for gross income for year 2013 over $100 thousand. most of which is associated with my retirement pension and consulting, my wife has a

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bny mellon. see who does good work and compare costs. it doesn't usually work that way with health care. but with unitedhealthcare, i get information on quality rated doctors, treatment options and estimates for how much i'll pay. that helps me, and my guys, make better decisions. i don't like guesses with my business, and definitely not with our health. innovations that work for you. that's health in numbers. unitedhealthcare. gerri: the obamacare exchanges started this week and many have questions we bring you the top experts to help you answer we're back with former hhs secretary levitt and joining us now that director of health. director, secretary what do you see as a major stumbling block for obamacare? >> the big stumbling block or obstacle is getting the systems to work over the course of the last three days we have seen very few people actually able to get into the system to create an accounting and interact with the system. just getting them to work will be a big problem and a challenge. second, education we spend one our word

bny mellon. if you've got it, you know h hard it can to breathe and man, you know how that feels. copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance tatnt that helps open my obstructed airways for a full 24 hos. you know, spiriva helps me breathe easier. spiriva handihaler tiotropium bromide inlation powder does not repce fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinatg, or an enlarged prostate. these may worsen with spiriva. discuss all medicines u take, even eye drops. stop taking spiriva and seek p if your breathing suddenly worsens, your throat or tongue swls, you get his, vision changes or eye pain, or oblems passing urine. other side effec include dry mouth and constipation. nothing can reverse copd. spira helps me brthe better. does breathing with copd weigh you down? don't wait to ask your doctor about spiriva. charles: everyone is talking abouthe mess in washington. wee looking

bny mellon turns insights like these into powerful investment strategies. for a university endowment. it funds a marine biologist... who studies the peruvian anchovy. invested in the world. bny mellon. >>> sales of the eye tan y'aita based eye wearmaker luxottica beat expectations. claudia, the u.s. is a big market for this eye wearmaker. what, in fact, have they had through the government shutdown and the stronger euro? >> well, actually, these two are very big issues luxottica is facing. they are the largest premium eyewear producer and distributor. they had a strong quarter, but, of course, the u.s., 60% of their business comes from the united states. and the oakley brand actually they have a contract with the u.s. market and the budget being c cut, including shutdown, clearly has affected their numbers there because this budget was reduced. so that was one impact. the ceo says that was not really a big impact in terms of the economics of it all. really, the big impact was currency. that was the big issue. the dollar weakness, as well, aas the euro stren

bny mellon. lou: breaking news,. charles: we're awaiting comments from the president, it is expected that probably will take the victory lap, but what we'll see is continued campaign that began in summer by president obama, really, you can argue it might be working, driving a wedge in the republican party. pulling up or talking up the moderates, reasonable parts, and talking down the faction that small group of people that have held us hostage that held the country ransom. you may hear that we hear it from reid, it sets them up for what they like to segue into next, which is not focussed on sing to the problem but getting on immigration. on other end, g.o.p. does have a problem. there is no doubt. they have to figure this out. later on. we'll discuss this with republicans. tea party republicans, let's call them old school, and veteran republicans if you like. a problem earlier we had representative elmers, and already heritage action group will spend $500,000 trying to get her out of office, a couple years ago she wa

bny mellon. help the gulf when we made recover and learn the gulf, bp from what happened so we could be 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 activity twenty-four-seven. and we're sharing what we've learned, watso we can all produce actenergy me safely.-seven. our commitment has never been stronger. are you flo? yes. is this the thing you gave my husband? well, yeah, yes. the "name your price" tool. you tell us the price you want to pay, and we give you a range of options to choose from. careful, though -- that kind of power can go to your head. that explains a lot. yo, buddy! i got this. gimme one, gimme one gimme one! the power of the "name your price" tool. only from progressive. lou: critics going after pharmaceutical giant merck because of the bush to loosen the nation's immigration law. in and

bny mellon. gerri: the problems with obamacare just don't stop. insurers are now reporting that the system is generating a massive amounts of flawed data. do you think that these glitches will be enough to force the president to delay the individual mandate? here is what some of you are posting on my facebook page. i think the backlash will be so bad that they will cancel it and transfer folks that need to medimaxine rights, no, because t would mean failure. that is possible. we also asked the question of gerriwillis.com. 20 percent said yes, 80 percent said no. the president will not delay. and finally, you know, i cannot get over how bad obamacare is. i did not expected to be successful, but i did not expect it to be a disaster either, and it has become just one more thing you have to figure out. the responsibility is on your shoulders because the government sure is not helping you. look, i am getting tons of tweet, facebook post, e-mails, all great questions and all deserving answers. we are stepping in again with another call-in show on monday

bny mellon. customer erin swenson ordebut they didn't fit.line customer's not happy, i'm not happy. sales go down, i'm not happy. merch comes back, i'm not happy. use ups. they make returns easy. unhappy customer becomes happy customer. then, repeat customer. easy returns, i'm happy. repeat customers, i'm happy. sales go up, i'm happy. i ordered another pair. i'm happy. (both) i'm happy. i'm happy. happy. happy. happy. happy. happy happy. i love logistics. progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. >> the mainstream media quick to call them nrs. the liberal website moveon.org protested this position. calling the justice department of the united states of america to a rests eric cantor, speaker of the house, john boehner. they claim it is for conspiracy of the un

bny mellon. >> we're held hostage at any given moment by health insurance companies that deny coverage or drop coverage or charge fees that people cannot afford. hard working americans, who are held hostage by health insurance companies, the system works a lot better for insurance companies than it does for america's families. >> smoke and mirrors, it is bogus andiar. neil: all right, so, what do you do if you are president right now, you invite those same health care ceos to the white house for a powwow on how to fix the health care thing. it is a little odd, is it not? my next guest was not invited. said he is frustrated with the system, because he has been vocal about it, is why he did not get on the invite list. bill, what do you make of fact he gathered these guys into the white house, i don't know if he personally talked to them, we know he did gather emthem, aren 't they going to be own a little anxious. >> we're all anxious, i'm frustrated, i'm concerned we're three weeks going to four we

bny mellon wealth management. >>> welcome back. 23 minutes past the hour. >>> it is "money time." christine romans is here. >> good morning, you guys. it is world's most valuable company is apple and something for people not to like is its latest earnings report. look at that after hours dip. the mixed feelings could be seen after the close with apple saying and rebounding when the cfo said on the conference call that margins would have been better if not for an accounting change. stock down just a little bit. we will watch this and see what happens when the opening bell rings this morning. the upbeat takeaway from the earnings ipo sales were up sharply thanks to the new models last month. cook expects a strong holiday season and apple sold more than 34 million iphones in the fourth quarter. revenues rose 17% from a year ago. it was more than half of apple's quarterly sales but the average price of an iphone declined 6.6% from a year ago. mac sails showed a 7% decline from a year ago. it was the third consecutive

bny mellon. >>> >>> well commonwealcome back to host. jaime dimon, lloyd blankfein, they're going to see the president today. what should they tell him? >> i think the president gets him and you think he's basically asking for their support on the hill. i think the congress has to understand that a default is no place they can go. it will bring the banking system down, freeze the markets, undermine the currency. it's a disaster. >> thank you so much. >> that does it for us today. make sure you join us tomorrow. right now it's time for "squawk on the street." ♪ roxanne, put on the red light, roxanne ♪ >> good wednesday morning, welcome to "squawk on the street." i'm carl quintanilla with jim cramer and david faber. futures are down about 75 points. by the way are later today on cnbc, john harwood will sit down for an exclusive with the president, 4:00 p.m. eastern time.

bny mellon. ♪ nothing, that's what? that's why i take prilosec otc each morning for my frequent heartburn. 'cause it gives me a big fat zero heartburn. woo hoo! [ male announcer ] prilosec otc. the number one doctor recommended frequent heartburn medicine for 8 straight years. [ larry ] you can't beat zero heartburn. and best of all, it means i can enjoy all the foods i love. oh, zero heartburn is awesome. just like zero clery. ♪ [ male announcer ] prilosec otc. one pill each morning. 24 hours. zero heartburn. >> there will be no negotiations over there in president reiterating one more time tonight, that he'll not negotiate. >> our negotiation is over with. i have said it for two weeks. >> majority leader made it clear he is not interested in talking. >> you don't negotiate by putting a gun to the other person's head. neil: we left out the you are rubber and i'm glue, whatever you say, bounces off of me and sticks to you. whether are we doing here? finger-pointing, jabbing back and forth. od

bny mellon. >> the mainstream media quick to call them nrs. the liberal website moveon.org protested this position. calling the justice department of the united states of america to a rests eric cantor, speaker of the hou, john boehner. they claim it is for conspiracy of the united states of america. president mark muckler of the groups that this is possibly more than a double standing. >> we know this double standard exists and there will always be there. think we we know that the public knows that we have this little trust in the media. but what we have is calling for political oppositions to be charged with crimes arrested and are incarcerated. that happens is you criminalize your political enemies and it's outrageous for them, especially like move on.org to have that on their webpage. charles: in some ways it makes sense. it's a step do you consider all the media outlets that blame the republicans for. people have already combed through the coverage of it. and it is amazing one faction of the government could have shut down the government.

bny mellon turns insights like these into powerful investment strategies. for a university endowment. it funds a marine biologist... who studies the peruvian anchovy. invested in the world. bny mellon. customer erin swenson ordebut they didn't fit.line customer's not happy, i'm not happy. sales go down, i'm not happy. merch comes back, i'm not happy. use ups. they make returns easy. unhappy customer becomes happy customer. then, repeat customer. easy returns, i'm happy. repeat customers, i'm happy. sales go up, i'm happy. i ordered another pair. i'm happy. (both) i'm happy. i'm happy. happy. happy. happy. happy. happy happy. i love logistics. gerri: senate democrats are planning to introduce a measure that would raise the nation's debt ceiling without conditions of republicans agreeing to it. is washington killing your 401k? here is what some of your posting on my facebook page. they are trashing the entire economy, ray tells us, whether then work on important things like fixing the tax code. they just fiddle around. well put. and david says that $17 trilli

bny mellon. ♪ nothing, that's what? that's why i take prilosec otc each morning for my frequent heartburn. 'cause it gives me a big fat zero heartburn. woo hoo! [ male announcer ] prilosec otc. the number one doctor recommended frequent heartburn medicine for 8 straight years. [ larry ] you can't beat zero heartburn. and best of all, it means i can enjoy all the foods i love. oh, zero heartburn is awesome. just like zero clery. ♪ [ male announcer ] prilosec otc. one pill each morning. 24 hours. zero heartburn. [ male announcer ] prilosec otc. at od, whatever business you're in, that's the business we're in with premium service like one of the best on-time delivery records and a low claims ratio, we do whatever it takes to make your business our business. od. helping the world keep promises. more than a new interior lighting system. ♪ it is more than a hot stone massage. and more than your favorite scent infused into the cabin. it is a completely new era of innovation. and the highest expres

bny mellon turns insights like these into powerful investment strategies. for a university endowment. it funds a marine biologist... who studies the peruvian anchovy. invested in the world. bny mellon. charles: a busy blitz tonight. texts are hitting it out of the park, a 13 year high. a thousand dollars a share for google today. cal harrington, let's start with you. a lot of people, the bubble automatically trips up, what do you think? >> i think that greed is driving this, google is a game changer and this reminds me of the blitz and these are all terms that we have heard before and we have to have the same lessons right now. charles: so how would you manage this market? >> i think the devil is in the details. i don't see any reason not to buy it right now. but you better have your risk management under control. at a thousand dollars per share, it can be a very expensive mistake if the market goes against you. charles: these are the companies that survived the technology bubble. legitimate businesses are growing like crazy. >> i think that google, faceboo

bny mellon. help the gulf when we made recover and learn the gulf, bp from what happened so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we've added cutng-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, whe experts watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. ido more with less with buss energy.hp is help. soon, the world's most intelligent servers, designed by hp, will give ups over twice the performance, using forty percent less energy. multiply that across over a thousand locations, and they'll provide the same benefit to the environment as over 60,000 trees. that's a trend we can all get behind. we are the thinkers. the job jugglers. the up all-nighters. and the ones who turn ideas into action. we've made our passions our life's work. we strive for the moments where we

at bny mellon, our business is investments. managing them, moving them, making them work. we oversee 20% of the world's financial assets. and that gives us scale and insight no one else has. invement management combined with investment servicing. bringing the power of investments to people's lives. invested in the world. bny mellon. [ mthat if you wear a partial,w you're almost twice as likely to lose your supporting teeth? y poligrip for partials. poligrip helps minimize stress which may damage supporting teeth by stabilizing your partial. care for your partial. help protect your natural teeth. gerri: end helped for housing put on hold as a government that deals wi the government shuts down and ceiling joining me now are real este ceo from better holmes a and gardens it is great to have you here. one of the b fears is the government shut wn one of the unintended consequences is the jumbo loans cannot be closed because the irs has shut down how does that impact you? >> we have on see that yet to be honest. it impacts every industry to raise certain extent but not much has

bny mellon. we are the thinkers. the job jugglers. the up all-nighters. and the ones who turn ideas into action. we've made our passions our life's work. we strive for the moments where we can say, "i did it!" ♪ we are entrepreneurs who started it all... with a signature. legalzoom has helped start over 1 million businesses, turning dreamers into business owners. and we're here to help start yours. turning dreamers into business owners. customer erin swenson ordebut they didn't fit.line customer's not happy, i'm not happy. sales go down, i'm not happy. merch comes back, i'm not happy. use ups. they make returns easy. unhappy customer becomes happy customer. then, repeat customer. easy returns, i'm happy. repeat customers, i'm happy. sales go up, i'm happy. i ordered another pair. i'm happy. (both) i'm happy. i'm happy. happy. happy. happy. happy. happy happy. i love logistics. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the

bny mellon. sometimes they just drop in. always obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. ♪ [ male announcer ] the parking lot helps by letting us know who's coming. the carts keep everyone on the right track. the power tools introduce themselves. all the bits and bulbs keep themselves stocked. and the doors even handle the checkout so we can work on that thing that's stuck in the thing. [ female announcer ] today, cisco is connecting the internet of everything. so everyone goes home happy. >>> the reserve bank of india has raised its repo rate by another quarter of a point, to 7.75%. it's warned that inflation is likely to remain elevated for the rest of the fiscal year. sonia has more for us from cnbc's tv 18 in mumbai. hi, sonia. what's the market reaction been? >> well, you know, surprisingly, the market reaction has been quite good. this is because the market was going into the policy

bny mellon. you really love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i waa be a pie maker. [ man ] i wanna be a pot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪ charles: at halftime and jpmorg is getting throttled. not by investors that the government. the ompany with 380 million-dollar loss last quarter. releasing this statement. while we had a strong underlying performance across businesses, unfortunately the quartewas marred by legal expenses that were very large. they are from fighting the government. to themayoral candidate joe loadon whether they are going after wall stree we did reach out to his opponent, but we are happy to have joe here. >> they ave been paying a heavy price rhetorically. it seems that every time i pick up this there is another fine >> yes, and the congressional delegaons very concerning in the s

bny mellon. we are the thinkers. the job jugglers. the up all-nighters. and the ones who turn ideas into action. we've made our passions our life's work. we strive for the moments where we can say, "i did it!" ♪ we are entrepreneurs who started it all... with a signature. legalzoom has helped start over 1 million businesses, turning dreamers into business owners. and we're here to help start yours. once wrote something on a sheet of paper and placed it in his factory for all to see. ♪ four simple words where the meaning has never been lost. the challenge always accepted. and the calling forever answered. ♪ introducing the all-new 2014 s-class. mercedes-benz. the best or nothing. ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. customer erin

bny mellon. help the gulf when we made recover and learn the gulf, bp from what happened so we could be 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 activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. neil: it is a staggering sum. let's get that figure. how much we have spent over the last five years. on nothing. yet 46 million people still living in poverty. reports of the poor actually increasing in numbers. we are doing something wrong, or are we? you bet we are doing something wrong. the welfare state is taking it away. so you pick -- the more money we are pouring into this the more we make things worse. >> absolutely. we get rid of the welfare law and everything seems to be turning a. exactly. it is the ince

bny mellon turns insights like these into powerful investment strategies. for a university endowment. it funds a marine biologist... whstudies the peruvian anchovy. invested in the world. bny mellon. customer erin swenson ordebuthey didn't fit.online customer's not happy, i'm not happy. sales go down, i'm not happy. merch comes back, i'm not happy. use ups. they make returns easy. unhappy customer becomes happy customer. then, repeat customer. easy returns, i'm happy. repeat customers, i'm happy. sales go up, i'm happy. i ordered another pair. i'm happy. (both) i'm happy. i'm happy. happy. happy. happy. happy. happy happy. i love logistics. neil: all right. we're going to go live to washington right now or we are told they're moving like crazy. all right. well, maybe not. they're not dng anything right now. you can bet someone this. one of those buildings. trying to do something. i think the you know that they are. all right. to rich edson. nbc with the latest. your work. >> it's an early morning. 930 tomorrow. that is nearly morning. neil: what a they goin

bny mellon. >>> all right. welcome back, we want to continue talking about the markets with dave and george. dave, to you first. what do you make of today's trade? and what do you think lies ahead here? >> i think the -- little bit of a circus with the government shutdown. and if you look back on the last six times the government shutdown, ten days later the market was up by 2%. short-term, it seems positive for the market. >> sanguine, mr. young? >> i am pretty sanguine. we had a nonevent today all together. the market didn't move, gold didn't move. we're looking long-term. >> but it was supposed to be very traumatic. >> it was supposed to. be remember the story about the boy who cried wolf? eventually this will be a problem. >> don't you admit the market could have a bit of a problem? >> sure. >> maybe the market thinks it's going to end quick, that's why it's up. >> you're exactly right. and that's a good opportunity for us to buy. we've been holding cash, we see some opportunities out there. but they're not

bny mellon turns insights like these into powerful investment strategies. for a university endowment. it funds a marine biologist... who studies the peruvian anchovy. invested in the world. bny mellon. >>> there's nothing this market likes more than the turbo charged growth story. just imagine buffalo wild wings tharoored $11.71 ore 9% after shooting the lights outside when it it reported last night. this was a grand slam quarter. buffalo wild wings was up 95 cents a share and up with a 65% increase and not to mention a ten-cent beef for what the analysts were looking for. it came in higher than anticipated rising 25% year over yore. sales same-store sales increased. when wall street was only looking for a 2.7% increase overall. to top it all off the quarter improved better as it went on with august and september being better than will july. at the end of the day, buffalo wild wings is an expansion story and they opened 22 company-owned stores in the quarter alone and they expect to have more locations and plenty of room to grow. they can have 1700 restaura

bny mellon. neil: all right. we're going to go live to washington right now or we are told they're moving like crazy. all right. well, maybe not. they're not doing anything right now. you can bet someone this. one of those buildings. trying to do something. i think the you know that they are. all right. to rich edson. nbc with the latest. your work. >> it's an early morning. 930 tomorrow. that is nearly neil: what a they going to do? >> this proposal, this bill that would give federal employees to have been furloughed back pay whenever the government figures and so found. it is something that president obama has signaled he is going to sign. of the dozen bills to fund pieces of the government, the democrats have rejected. this one tomorrow has a chance of actually passing. >> she sat me down. you just a jaded, cynical young man. support that argument this does not herald more cooperation. >> i am cynical. i have been around here for a few years and it is hard. i used to be so optimistic. you know, i think there i

bny mellon. we don't have time for stuff like laundry. we're too busy having fun. we get everything perfectly clean by tossing one of these in the wash. and that's it. i wanted to do that. oh, come on. eh, that's my favorite part. really? that's our tide. what'sours? ♪ neil: the conventional wisdom is that it will get nasty. you know, democrats are going to keep demanding high taxes and more taxes as part of any deal. lo and behold, or that the white house might be pulling a head fake or sincerely meaning they do not want taxes to be part of it. all the suddenness of the white house. >> trying to frame the debate. taxes were never on the table. this is all about spending. this is about the democrats to want more spending. upset at the sequestration. the only fight that the republicans have won with obama since they have been in charge. this should be underneath a cap of sequestration. if you need more money, get it from reforming entitlements. neil: and trying to figure out the strategy, read t

bny mellon. gerri: big news in banking. you may soon have to say goodbye to spending more than you have protection. bank of america is considering a new technique count that prohibits overdrafts but protects you from those $305 fees that can add up. joining us now, a reporter with the wall street journal. great to have you here. what is bank of america talking about? keep in mind, they are not saying that they're doing this. this is all behind closed doors. >> they're trying to figure out how to overhaul the checking account. many of the banks have already done so, and one of the things that they are considering is giving people the choice to not have overdraft. it would not be a youth is still sees between a couple of different accounts. one would not let you. gerri: this is great. the end of the day with these banks are typically doing is you have to opt out of what they called overdraft protection. no one ever saw the disclosure. and at the end of the day what you found is you could run up los

bny mellon. folks have suffered from frequent heartburn. but getting heartburn and then treating day after day is a thing of the past. block the acid with prilosec otc, and don't get heartburn in the first place. [ male announcer ] one pill each morning. 24 hours. zero heartburn. >> twitter's s-1 has been officially filed. >> of course the filing is missing a lot of things like the number of shares that fell off. >> take a look at some of these stakes. the executive chairman, he is one of the founders. he doesn't have an executive role any more. evan williams, another founder has a 12% stake in the company. he only has a 1.6% stake in the company. the peter who is also a board member, he is one of the earliest backers of twitter. he has a 6.7% stake in the company. certainly a lot of executives have big investments in twitter that they will maintain. my sources say that most shareholders will not be selling into this deal. the symbol will be twtr. the number that is in front of the book is $1 bil

bny mellon. >>> the budget fight is now on hold. president obama wastes no time attacking the republicans in a rambling so big government spending and taxing scolding speech. sths no way to win us back and it is no program to grow the economy. meanwhile obama care has nothing to do with growing the chicago either. and now the front pages are starting to fill up with the disastrous truth about the program .computer glitches are due to the administration's deliberately being secretive, stone wa

bny mellon. help the gulf when we made recover and learn the gulf, bp from what happened so we could be 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, where experts watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. >>> what should we do with the so-called bond alternative stocks. the high yielders where the federal reserve bond buying program continues to keep the yields from fixed income artificially low? given what the capital could do to the economy, the fed might hold off on tapering for some time. consider dominion resources, the nation's largest -- one of the largest gas and electric utilities and sports a 3.65% yield. dominion roared last month when it became clear that the fed wasn't going to ease up on the bond buyi

bny mellon. i'm bethand i'm michelle. and we own the paper cottage. it's a stationery and gifts store. anything we purchase for the paper cottage goes on our ink card. so you can manage your business expenses and access them online instantly with the game changing app from ink. we didn't get into business to spend time managing receipts, that's why we have ink. we like being in business because we like being creative, we like interacting with people. so you have time to focus on the things you love. ink from chase. so you can. >>> what's been working in spite of the ridiculousness in washington? what keeps flirting with the 52-week highs regardless of what it happens to be? i can think of one household name, a stock you know that's worth owning here because it just refuses to quit. i'm talking about whole foods. wfm for you home gamers. here's a stock that's been making new highs since september when everyone realized that washington was going to make a mess of the economy. right now with less than two full days to go until we hit the debt ceiling dea

bny mellon. neil: all right. what, a little more than an hour-and-a-half after the shooting in the car chase thing went down in washington democratic lawmaker sheila jackson lee was saying this. >> rather than respondn a way that leaves 8,000 federal employees unemployed and god knows the tragedy of this poor person who came on the hill in a black car, no one knows what could drive this person to do this. but what i would say to you is, let's get our wheels back on, serve the american people, bring them back, though for a bill today that will open the government. neil: all right. well, shut down or no, this woman was certifiable. and she is of the congressman, talking about the woman involved in the incident in washington for. effect of the matter is gile when you attach and assign blame just as washington's mayor did after the navy yard shootings two weeks earlier and say that well, security was compromised because of sequestration cuts, neither was proven to be the case. in fact, not remotely. nevertheless, doe

at bny mellon, our business is investments. managing them, moving them, making them work. we oversee 20% of the world's financial assets. and that gives us scale and insight no one else has. investment management combined with investment servicing. bringing the power of investments to people's lives. invested in the world. bny mellon. >>> welcome back. another day, another problem for the glitchy obama care websites. this one involves prices and big differents between some premium expectations and how much you end up getting charged. bertha coombs with a story. >> you know, a new function added to the federal exchange to help people quickly preview plan prices is proving to be more confusing than helpful. because the design of the function, well, it breaks down premium pricing into just two age groups. 49 and under or 50 and older, giving one price for each group. depending on where you are in those age ranges, prices will vary widely. we looked at silver plan hmo in new jersey. government estimate was $264 a month. but when we went to amera health site, you could enter yo

bny mellon turns insights like these into powerful investment strategies. for a university endowment. it funds a marine biologist... who studies the peruvian anchovy. invested in the world. bny mellon. >>> what a fabulous week. >>> this isn't some damn game. >> 14 days into the shutdown. still no deal. the debt threat lingers. >> i have made clear for months and months that the idea of default is wrong. we shouldn't get anywhere close to it. >> i'm ashamed. i'm embarrassed all of us should be. >> stocks plunging after the senate suspended negotiations on a debt ceiling deal today. the markets ending near the lows of the day for sure. down 134 points. >> everybody, including us, saying we have a deal. but the senate still needs to formalize it.

bny mellon turns insights like these into powerful investment strategies. for a university endowment. it funds a marine biologist... who studies the peruvian anchovy. invested in the world. bny mellon. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. you'd do that for me? really? yeah, i'd like that. who are you talking to? uh, it's jake from state farm. sounds like a really good deal. jake from state farm at three in the morning. who is this? it's jake from state farm. what are you wearing, jake from state farm? [ jake ] uh... khakis. she sounds hideous. well she's a guy, so... [ male announcer ] another reason more people stay with state farm. get to a better state. ♪ >>> stoke kicking off in red as stalemate in washington shows no sign of ending. >> let'

bny mellon. harwood's exclusive sitdown with president obama. he'll talk about the fight to fund the government. we'll find out 23 there's any chance he'll compromise with republicans. bill? >> new york state attorney general eric snyderman is taking aim at wells fargo for allegedly violating a multimillion dollar settlement. kayla has been following this. he's been aggressive. >> yes. a lot of information coming out today. wells fargo was among five banks that inked a multistate settlement to work with borro r borrowe borrowers. in a lawsuit today, attorney general announced wells fargo hasn't helped up its end of the bargain. >> wells fargo has been, if not the, certainly one of the most difficult banks all across america in dealing with homeowners. they claim that they are working to make things clear. >> wells fargo says it has implemented customer feedback. schneiderman said the bank is making customers jump through unnecessary hoops to get fixes to their problems. unlike bank of america, wells didn't agree to make certain changes to those