Of 1773 on the deal out of congress. Gold gained 39 dollars and oil dropped to 100 dollars per barrel. Some analysts say oil was the safe haven play during the debt default crisis. In earnings after hours google shares rallied to 950 after earnings blew past expectations. More layoffs are planned at wells fargo. The firm intends to let go nearly 1,000 employees in its home loan unit as demand falls for refis. And, the Labor Department makes it official. The jobs numbers from september will be out on tuesday after being shutout during the shutdown. The market expects 183,000 jobs were added to payrolls and the Unemployment Rate will remain steady at 7. 3 and now that the government is rolling again. So is panda cam Lincoln Ellis of green square capitol joins us now. Lincoln it has been a wild week and now today its options expiration dayits also a full moon. But what do you think about trading today . It might as well be friday the 13th right . And the new all time highs we are seeing on the s p as of the close last night should puti wouldnt be surprised if get a little bit of a selloff here. Weve had a very significant run, a big sigh of relief. I wouldnt be surprised if end today down just to cool things off a little bit. What about the earnings . Any Market Movers there . Yeah, some pretty big Market Movers. As you know on thursday google, chipotle, ibm, and Goldman Sachs all reported. Goldman and ibm really weighting the dow down most of the day. And later in the day google and chipotle both reporting some very significant beats both on revenue and on forward guidance. Whats next . Whats the next hot spot in the market. Some are saying silver could see record numbers. Silver sure could. Particularly as it pertains to the price of gold. Weve seen significant uptick in gold volatility, thats both on the backside of the crisis and the expectation that janet yellen will keep Federal Reserve policy very loose for a very long period of time. I think people should begin to look at more cash flowing assets. Mlpsmaster limited partnerships and the Energy Revolution thats happening here in america. Its been happening for some time and could continue. Thank you very much lincoln. Thanks angie. The crisis over the debt ceiling has been averted. But. A Chinese Credit Rating Agency is going through with a downgrade on america. Chinas dagong Credit Rating agency cut the u. S. Status to aminus from a,. The agency says our congress failed to solve the nations debt and growth problems. The agency is not a widelywatched but the downgrade reflects chinas frustration with lawmakers and china is the largest single holder of u. S. Treasuries with 1. 28 trillion as of july. This might be a way to reach out to try to put some pressure on politicians, on lawmakers in washington to think that another country is serious enough about this to downgrade the u. S. Credit rating. Paul christopher, chief International Strategist with wells fargo says its not likely there will be other downgrades. The shutdown if over, but fighting is still on the agenda in congress. Next up the longdelayed farm bill. It sets Agriculture Policy at roughly five year intervals but as our cover story explainsmuch of it funds federal nutrition programs known as food stamps. It was one of the first things president obama listed as priorities. Passing a buget, immigration reform, farm bill. Those are three specific things that would make a huge difference in our economy right now. The farm bill comes up roughly every five years and revises u s Agriculture Policy. This years version reflects concern about climate change. Many farmers want to expand federallysubsidized Crop Insurance by ten percent because of recent searing summer droughts. Production has become much more iffy. We went from the dust bowl until just recently with pretty benign weather. Thats not been in the case in the last ten years. But 80percent of the farm bills funds go to the nations antihunger programfood stamps. ,and while the Senate Passed one version that cut eligibility. House members want ten times the cuts. The bill that passed the senate has stalled in the house since june. There are a lot of republicans who see the Foodstamp Program as costing too much. If they cut back, we could save billions. Fortysevenpointeight million lowincome americans, mostly children, the elderly or on disability recieve food stamps. Benefits average 133dollars a month. Changes proposed in the house would cut 39billion from the program over ten years and remove four Million People from eligibility. Nutrition and farm subsidy programs have been connected for decades. There is a proposal in the house to split the two foodstamps considered every three years, and agriculture programs, every five years. Now that lawmakers have reached a deal and averted a default crisis. Mortgage rates have the potential to fall next week. Currently the average rate on a 30 year home loan is 4. 28 , the 15 year is 3. 31 . Mortgage rates normally follow yields on the 10year treasury note. Yields are lower with the consensus in congress over raising the debt limit. The Government Shutdown has not taken a toll on home prices just yet. Home prices did rise around 1 on average while the nation was on edge. Accordingto real estate site trulia that was not enough proof the shutdown was a major factor in home prices. Jed kolko of trulia says the real impact was felt by homeowners who were in the beginning stages of the buying process. Lots of Mortgage Applications were delayed or stopped. And we still have to wait to find out what those backlogs look like. And how people who were in the Mortgage Application process how long they will have to wait before they can actually move ahead with their loans. Kolko says an upside of the shutdown is that the Federal Reserve may be less likely to taper its Bond Buying Program soon, which could keep Mortgage Rates from rising. In fallout from the housing crisis hsbc will pay a record 2. 5 billion dollar fine for misleading investors. The investors won the largest amount ever awarded in a securitiesfraud class action trial. A unit of hsbc was accused of hiding the fact that its growth was coming from predatory lending practices. Including misrepresenting Interest Rates and charging illegal fees to borrowers. British prosecutors are planning to name names next week in a massive fraud investigation. In a Court Hearing monday, the u. Ks Serious Fraud office will accuse former traders and brokers from major banks including ubs, citigroup, and hsbc of rigging the london interbankoffered rate, or libor. In a separate suit, evidence shows barclays employees knew of the alleged rigging since 2007. Sac capital has a tentative deal for a 1 billion settlement for Insider Trading charges. The deal still needs a judges approval. Federal prosecutors wanted a 1. 8 billion penalty and a guilty plea. But sacs lawyers argue the government should deduct 616 million for money sac already paid to the sec. The port of baltimore remains shutdown as thousands of workers strike. Arbitration begins today between the Steamship Trade Association of baltimore and representatives from four labor unions, including the longshoremen. Two thousand workers walked off the job this week over contract disputes. Its expected the closure could hurt east coast auto sales. Baltimore is a port of entry for cargo from mazda and bmw. In detroit number crunching shows the city has some cash on hand. In july, detroit issued the largest bankruptcy filing in u. S. History. As of last quarter the city had a cash balance of 128 Million Dollars. But that mostly happened because the city reportedly is no longer paying unsecured bond debt and avoided making a 44 Million Dollar payment to 2 pension funds. Next week a michigan judge will hold a minitrial prior to deciding if detroit is eligible for bankruptcy relief. Motorola solutions is offering buyouts to employees as a way to counteract slow sales. The Electronics Maker is offering the voluntary packages to 20 percent of its workforce, or 22thousand employees. Reports say the company is also going to evaluate the workforce and make organizational adjustments. Motorola reports earnings next week. But has already cut revenue forecasts twice this year. Another recall is happening at toyota. 803,000 sedans are being called in for servicing on air conditioning condensers causing potential water leaks into power steering and airbags. Toyota admits the airbags could deploy at the wrong time. The recall covers 20122013 camry, camry, avalon and venza sedans. 2 minor injuries have been reported. Blackberry may soon have a buyer. The wall street journal is reporting that chinese pc maker lenovo may place a bid for blackberry. Both companies declined to comment on the speculation, but reports say lenovo has signed an agreement to sift through blackberrys books. In addition to pcs, lenovo makes smartphones that are only sold in china. Blackberry could give the brand more global access. Blackberry shares gained 7 cents yesterday to close at 8. 20. Apple is expected to take the wraps off 2 new ipads next week. This week apple officials alerted the media about a major event planned for october 22nd. According to tech bloggers the new ipad and ipad mini be revealed then and go on sale on halloween. Traditionally apple rallies into large events and thats what is happening this week. Apple closed last night at 504 dollars. Facebook shares are also on a roll. The stock hit an all time high yesterday of 52 dollars. The social network could have instagram to thank for the momentum. Facebook bought the photo sharing app last year. Analysts say instagrams new video service. Could help bring in major ad revenue by next year. In earnings watch Goldman Sachs is the latest bank to report in disappointing earnings in the third quarter. It beat on profits but missed on revenue causing the stock to lose more than 2 yesterday. Verizon on the other hand was a big winner on wall street this week. Shares popped after reporting strong earnings and revenue. The company says it continues to gain marketshare. And talk about a turnaround. American airlines saw revenue rise 6 last quarter. Its adding 60 new jets to its fleet. Sports betting is going to a whole new level. Starting this week. You can actually invest in pro athletes. Just like team ownerssort of. Fantex holdings is launching a marketplace, which lets investors put money in stocks tied to athletes financial performances from endorsement deals and contracts. The project was reportedly backed by powerful executives from sillicon valley and wall street. Still to come the stakes are high for retailers the stocks traders are betting will win big this holiday season. Plus, its all about timing. Find out trader plays on investing in big banks. And next. View from the top. What one ceo has to say about signs of growth in emerging markets. Well be right back. Hit a landmine when i came here, i couldnt move. [male announce david was broadsided on the highway. They werent very hopeful that he would survive at all. [male announce their traumatic brain injuries have yet to heal. The way i describe it is youre just afraid. Am i going to start forgetting things . [male announce tbi is as serious as any battlefield injury. Thankfully va has made important advancements in tbi so if you think you or a veteran you know has sustained a brain injury, get screened. We are turning our ceo spot lot on the man in charge at sealed air. The company is best known for packing and its bubble wrap. The ceo Jerome Peribere is in our studio today. Good to have you on the show. Good morning angie. With all the news and noise coming out of washington, has it hampered your business at all . Business doesnt like uncertainty so by definition there has been a bit of noise in there but apart from that and apart from the fact that we have some registrations on the way being filed and theyre gonna take a little bit more delays. And from the fact that at customs we import or export products there are delays. The answer is no. Not very much. You are big into packaging but you are trying to rebrand the company. Whats the plan here and why . The new is about moving from product pushed to solutions. And Market Driven solutions. So as a result of that we have 3 divisions. Were the world leader in protective packaging. We protect everything that is being produced industrially and also for ecommerce. We are the world leader in food safety and packaging. We also improve health through our diversity operations in hospitality, healthcare and Building Service contractors also. Which means that you are very tied to whats happening with the economy so what kind of signs are you seeing with the economy right now . The Industrial Packaging part has been a little bit soft. The reason is our Industrial Packaging business is tied to industrial gdp. Industrial gdp has been very poor in europe where we are highly exposed in that part of the business. This has been a little bit sluggish in the u. S. So by definition we have not done very well there so far. In Food Packaging and in food safety, weve been doing quite well because its mostly for us about Meat Consumption. And Meat Consumption in the emerging world has been very strong. Especially out of latin america. Quite good because we have strong market shares in the u. S. And good also in the eastern part of europe. So thats a good growth area for you. Thats right. Thank you for coming on the show today. Next time bring the bubble wrap though. I will. Although it is 2 of our sales but it is the legacy of our company. And a stress reliever. And its fun. Very fun. Thanks again. Coming up. The Holiday Shopping craze is just around the corner. But what stocks are on traders wish lists . And later chart talk, why a drop in stocks is a good thing. Dont miss it. Hi, im ben affleck, and many actors have played the part of a u. S. Serviceman in the movies, but for veterans like james crosby and so many other brave men and women, his service and his sacrifice for our country are real. Outside baghdad, a rocket attack blew up my humvee, killing one of my marines and leaving me paralyzed. [ben affleck] when james returned home, he, like many others, was in no condition to cope and advocate for the services he needed. Fortunately, paralyzed veterans of americas trained experts were there to help him so he could concentrate on getting well. For over sixty years, paralyzed veterans of america has worked to ensure that our injured veterans get the medical, housing and auto benefits they have earned. Im so thankful paralyzed veterans of america was there for me. Surely those who sacrificed so much deserve no less. Join me in supporting our paralyzed veterans. Visit pva dot org. After a rough and tumble week from washington to wall street our traders are ready to let loose. Alan knuckman and James Ramelli join us from the floor of cme group for traders unplugged. We are good to go with topic 1 retail turkeys macys is the latest retailer upping its game by opening some stores earlier than ever on thanksgiving is it time to gobble up the retailers . James retail has been one of the trickiest sectors to trade all year long. I think if im looking for any positions in retailers this far out through the end of the year, i want to look at luxury retailers like kors. Kors has one of the best looking charts out there right now. Its just a couple bucks of of its high, trading around 75. Im looking for a long here in kors. Alan retail is up 250 over the last 5 years. Its outpaced the market in general so its been tricky if youve been trying to go short. I dont know about on thanksgiving having the stores open. That sets a bad precedent. I like to enjoy my turkey. The stock i like is gap stores. Gap stores got hit but people arent gonna stop buying jeans and stuff at gap. 38 is a pivot level, you can lean on 30. Buy the 30 calls for march is the way im looking to play it. Angie topic 2 layoff leaders 10 corporations have announced layoffs by the tune of 75k. Can you cut your way to prosperity . Alan obviously they can. Theyve done it in the past. Its an unfortunate aspect. Technology is replacing people. Thats what jp morgan is doinglosing 4,000 jobs in banks because you dont need people to get your money anymore. Plus mortgage issues so its a reality. James American Express is a company thats doing this. Investors love this about the stock. The stock gaps higher on their earnings. They beat estimates. I think its got a lot more to go here looking at American Expressa lot of layoffs. It should increase their profitability and be a good long setup for me. Angie fee me credit card swipes are costing small businesses. Is there money to be made on visa or mastercard . James i think theres money to be made in visa and mastercard. If i had to pick one i would pick visa. Visa is just off of its 52 week high. We have mastercard right on its 52 week high. Good support at 191 which is about 6 lower and with my profit target for the end of the year at 220 i love alan theyve doubled since february 2012. Theyre very tough at these levels from that standpoint but as weve all learned, you mess with the bull youre gonna get the horns. So its hard to be bullish here even though they control 80 of that market and theyve got a great profit angle. I like the other credit card American Express. Its broken above its range between 7078 looking to go to 86. I think that has a better value than a 700 stock at these levels. Angie in your bonus round question, the story that was in the news this week congressional pay. How much money do members of Congress Make a year . A 150,000, b 300,000, or c 174,00 . Alan thats it. 3 angie First Business continues right after this. In chart talk this morning, waiting for a fall. Joining us now is trader tim biggam of trading block. Tim, you have been waiting for the market to come down and for some individual stocks to come down so you can swoop in and do some buying. Lets start with ibm. Fall to say the least. This stock had a big drop in post earnings. Missed certainly on the revenue side although guidance was reaffirmed so i think longer term may be an overdone situation. Shorter termi like scooping up some around here around that 175 level. I think given the fact that youre looking at a yield well above 3 now and the lowest ibm has traded in many a year and the fact that guidance is still in place Going Forward i think it will trudge along here nice value play. What would be your price target for selling the stock . We really looking to head back up toward that 195200 level, i would certainly take some off the table there. That would be a nice move from these levels here and along the way collect a dividend thats well over 3 now. What about some of the banks . Dislike those for the same reasons. They missed the same way ibm did yet they are trading higher and they fabricated a lot of their earnings as always by pulling forward some loan loss reserves. I think their Business Model is challenged to say the least in this trading environment. Names like citigroup, jp morgan, bank of americai kind of think theyll have to come down a little to have any kind of interest here. Citi maybe looking maybe down around the 45 level. Jp also, down around the same area. Tim, good to have you on the show this morning and have a great weekend. You too. Thank you angie. Thats a wrap for today. Coming up next week, a check up on obamacare. What it means for uninsured americans and is it already helping or hurting the economy . From all of us at First Business. Thank you for watching this week. We will be right here on monday. Announcer the following program is a paid presentation for the shark rotator liftaway, brought to you by europro. [ british accent blimey whered this lot come from, then . Well, i told her about my shark, and then she bought one. Then she told her. Then she told her and she told her. Yeah, likely story. Go online and see for yourself what people are saying about the shark rotator liftaway. Oh, yeah . Like what . It lifts away. It never loses suction. It swivels. It locks in dust and allergens. Ohh. With more and more people spreading the woit