Clean debt limit increase. Under no circumstances . I told the president theres no way were going to pass one. The votes are not in the house and the president is risking default by not having a conversation with us. By moodys ceo says the chance of a u. S. Default is extremely unlikely. That reflects our thinking that it is extremely unlikely that the government treasury is not going to continue to pay on the treasury securities. Hopefully it is unlikely that we dont go past october 17th and fail to raise the debt ceiling, but even if that does happen, then we think the u. S. Treasury is still going to pay on its treasury securities, prioritize those payments. Still, the dollar is trading near an eight month low today amid debt default fears. Take a look at whats been happening. You can see that the dollar is down against the euro at 1. 3572. The dollar is at 96. 96. Well talk more about that with john harwood. First, andrew has a roundup of the mornings top stories. Andrew, welcome back. Thank you, becky. Japan airlines is buying its first ever jets for airbus. The deal is for 31 planes with the value of 9. 5 million. Joe, i dont own one of those. Thats a blow for boeing. The ceo of airbus talking to our colleagues with cnbc asia earlier today. Not only do we succeed to introduce 50, but its probably the biggest order ever here in japan. We are very pleased with that. Its the biggest order this year of 50s. 31 aircraft. In other corporate news, becky, we have a little bit of hope this morning. Blackberry is reportedly in talks with cisco, sap. You may not have to get rid of it quickly. They have interest from possible strategic buyers. Any deal would be an alternative to the preliminary going private agreement with the shareholder fairfax. Jana takes large stake in outer wall. They intend to explore possible options. I didnt know that was the people that ran that. Ive tried that. Really . When have you tried red box . You do it when youre on vacation. Not very good at working it. Like ive tried to return it i returned it for the first time this summer. Did you press return . I had to ask somebody for help because i didnt know what i was doing. Im going to get you a netflix subscription. If youre on vacation you cant do that at the beach. Were you getting no emails. You cant send out an email saying youre not getting any emails. I thought i wasnt receiving them because i thought my mailbox was full. You can still send them out but you cant get them in. I think it was a blackberry shutdown. Matts didnt work. You were still in chicago. We had a little bit of an incident. Did you go to rush street . Have you heard of rush street . I do know of rush street. I did not. Did you stay friday night in no. No. No. Thursday night . You came back friday . Yes. Are you willing to take a polygraph . Excuse me. You came back thursday. Right. Did you go to dinner at scoozy . Nothing . Nothing. Zero, zilch. Im wrong. I tagged im wrong. I ascribed more happeningness to you. Joe likes to live vicariously. I do. You do nothing. Sorry. I can do nothing. I do that. Before we get back to the broader markets. A few analysts calls. Ibm to equal weight at barclays. 190 from 215. Warren made 10 billion during the crisis. This ibm thing, thats about where he bought it . Did you see that . That was a 40 return. He ma i had a lot of money. When everybody else is afraid. He noted, i think hes right actually, that had you bought the s p when he was making those same 159 to 185. The same place. 159 to 185 is where he bought in. 65 million shares. You had to have the stomach to do it. And the money. And the money. But the total dollar volume. Everyone is losing their heads around you you need to keep cool. Apple was upgraded to buy from hold at jeffries. The firm says that after talking with suppliers it believes apples Gross Margins will be better than it had expected and the target was increased from 600 to 425. Qualcomm was downgraded. The target is 75. Even though it was downgraded it was upgraded. Theyre increasing trereal ogy. Lets get a check on the markets this morning because the markets are starting to set up. Pay a little attention to whats happening in washington. After shrugging things off after the first week of the shutdown. The dow futures are indicated down by 123 points below fair value. S p futures are off by 14. 5 points and the s p is down. Oil prices down by 1. 16. This is probably questions about what happens to the economy after a week or longer of a Government Shutdown. Some estimates pointing out a half a percentage point and then well see beyond that what would happen. This is where you start to get into some kind of messy territory. Were not talking about a quick shutdown at this point. The yield on the ten year note is at 2. 63 . Dollar is weaker. As we pointed out you can see that its down across the board. Gold prices this morning, right now are up just slightly, by about 2. 60. 1,360 an ounce. Global markets reports. Ross westgate is standing by. Overseas we did start to see some minor selloffs in reaction to whats been happening here in the United States. Yes. I see a lot of red arrows. Yeah, hi, becky. A little bit more twitchy. I wouldnt describe it as selling. Decliners outpaced by subscribers. 8 to 1 at the moment. Its no real heavy selling seeping through. Weve seen it down 1 thereabouts on average. Ftse is down. 8 . It was up four points on friday. Weve seen percentage falls for the german and french markets. There we go. We just dipped. Ftse down. 2 . It was outperforming again today because the Coalition Government didnt collapse. Mr. Letta survived and Silvio Berlusconi has been asked to leave. Chemicals, technology down 1. 3 . Utilities are up this morning. The bias is very much to the down side as well with these stocks. As far as bond markets, yields are contained. Where we were at the end of last year. Gilts yields 2. 7 . Itali italians a little bit lower. Spanish yields slightly higher. We havent moved the same way. Currencies are in the up trends of the year ranges. Dollar dax havent gone any lower. You mentioned a couple of stocks there earlier. One of the standouts was airbus turning the tables on boeing with its first ever big owing in japan. 318350 jet. Boeing trying to get a deal with jet. Thats where we stand in europe. Thank you. Ross westgate. Thank you very much. Were going to move the conversation to washington where john harwood is hanging out. We have a lot to talk about. We brought the rise above. I did miss that. Its always there. John, maybe im getting too cynical. I think its possible we go over the debt ceiling despite everybody thinking we wont. What do you think . I doubt it. I think John Boehners more responsible than that. I dont think hell do that when push comes to shove. Whats your sense of action over the weekend, zero . None. None. The president and the democrats are simply waiting for republicans to move off of a position which john boehner never wanted to be in but hes gotten himself stuck in because of the strategy that he didnt want to pursue but did pursue because he was forced to. Now theyre waiting for them get off them. John, heres the question. Joe said it to me before we came on the show. Why cant the president pick up the phone . If the president were to pick up the phone . What would happen . Thats part of the whole question inside the white house is if you pick up the phone, what happens on the other side of the phone . Keep in mind the president , as he told me in our interview last week, has said he will have negotiations with republicans after they reopen the government and raise the debt limit. So he will have negotiations. So start just sort of a little bit beforehand. Last time remember who it was its not start em a little bit. Last time it was biden. Biden had to come in and save the day. Is that going to happen. Being the king, the president can be benevolent. We know hes in charge. Hes in charge of everything. No, he obviously is not in charge of everything because our economy is at risk of getting blown up. Hes in charge of the democratic party. Not harry reid and becky made this point last week. He could say, john, lets just cool the entire lets just cool all of this down and lets what is it that you guys eventually want in these budget deals . He knows what they theoretically want. What they theoretically want are entitlement cuts right. That they will not propose, that the president would propose without any tax increases which is a possible that the American People oppose who just reelected the president. What the republicans are saying right now is, mr. President , heres the deal. We want you to in return for reopening the government and not causing a debt default, we want you to immediately enter negotiations which we ourselves have not been willing to have all year until right now and in those negotiations. Hold on a second. No. In those negotiations make immediate concessions up front to a position which is not popular. Youre going to tell me again that im wrong because i dont just tow the line to the democratic position here. Its not towing the line. There are two sides to this though and im just trying to figure out no. Okay. There arent two sides but i wish somehow you could get to a joe, the republicans im dead wrong. I saw all of news. Jump to shark. I know the republicans are wrong. Im finding a way to get to the one thing that changed my mind, i did not realize that john boehner and harry reid had had negotiations and discussions where john boehner said if you pass a bill at the levels were looking at, 70 billion below what the senate had looked at, that would be enough to get through. That didnt work. The Second Time Around was, look, theres a problem with obama care. I have to have a vote for joe, are you paying attention to what becky is saying . Boehner acknowledged over the weekend im trying to go somewhere from here. Okay. For whatever reason were at this point now, i think the president is you know, in the past i think hes the guy thats got to do it at this point. Can we keep our eye on the prize and the debt ceiling issue . You heard what babe ner said yesterday on meet the press. Are there the votes to pass a clean cr . Yes. Yes. There are . Both sides can claim that there arent. You dont know how someone is going to vote hold it a second. Beckys point is an important one. The speaker acknowledged to George Stephanopoulos yesterday that reid has accepted that boehner himself now rejects. This is absolute lunacy. I thought it was the president s fault back in 2011. He cut a deal with john boehner and went back to nancy pelosi. The goalposts moved. I think the boehner moved that. John wont concede that. I dont think you can get john to concede anything. Thats not true, either, john . Which . That becky said that obama was the one that moved it when he met with pelosi and the democrats on the friday. Back in 2011. And then he came back and wanted another 5 or 600, i dont know, billion in revenue. I dont understand im sorry john boehner in those negotiations in 2011 never, ever, ever conceded the need for new revenue. He said revenue with dynamic scoring, growth. He never conceded new taxes which was the critical demand. Were not getting anywhere, john. Youre absolutely as intractable as the democrats. Then were back to square one. Then we just well, i ran into a major republican strategist whos done multiple president ial campaigns for the republicans and his point was, yes, we realize that were trapped in an untenable position but obama needs to give us something. Make the call. Face saving thing. Something for our pride. Its not going to kill him. I dont understand what you get when you make the phone call. Joe what. I dont know if the president is right on this point, but what his point is is that if i just having been pressed with an unreasonable position reward that unreasonable position by giving something, anything, simply to give something, anything, im going to make sure that future president s have to deal with the same kind of ridiculous situation. You know past president s have dealt with it, too. No. No. No. This is a situation no president has ever dealt with a situation like this. Okay. I think this is not that dissimilar. We have never, ever had, ever, a congress that was willing to take it right to the edge of default. Have they dragged their feet . Yes. We dont want to raise the debt limit. Obama did it. Nobody took it up to the brink in 2011. The president will still be blamed if that happens. Thats what the republicans have i think in the back of their mind, that the guy in charge if the buck does stop there eventually. That should give them some leverage. The preds will be hurt. Theres no question. Thats what i mean. He will be hurt. Its like pet two lent children to see who can hold out longer. John, we have to run. Whats the day . What day does the actual vote for the debt ceiling get squared away . We have a week . Id say october 16th at 11 55 zblaum wow. I want it before then. Me too. I think we go over. I say we go over for a day or two. Ill bet you, andrew. Well do it. Whats your what . Dinner . Where do you want to go . Ill bet you if i win im getting you two tickets to the next bengals home game and you have to go even if its in december. Youve got a deal. Bengals beat i will come up with our side of what we can offer. Do you see what the bengals did yesterday . Thats the key, andrew. You have to go to the game. I can be there. Can i be there . They lost. They beat the patriots. You have no idea. I know. The bengals won. It was a huge win. They beat the patriots for the first time. Im just showing you because even bradys 52 game record of throwing a touchdown pass was broken. You know who has the record though, im sure . Who does have the record . Drew brees. The bengals won 133 and brady did not throw a touchdown. The patriots well, they dont have any receivers. Andrew yes, sir. Im picking a game in mid december. Mid december. Okay. Im i actually hope i will go to a bengals game. You might see some home runs. Maybe someone will hit a grand slam. Yesterday in the denver dallas game, you know what i wanted more than anything, john . What . Suddenly the idea of watching a punt and see if they could get it off and see if someone could catch it and like run it. Was there ever i mean, it was just down the field, down the field, down the field. Did they ever stop was there ever a three and out . Barely, right . It gets old. Too much scoring. I want somewhere between 5050. 99 points were scored in that game. Joe, i want to go back to one other thing . No. Come on. Im trying to it will be quick. Heres what i think will happen. I think that the president may not pick up the phone but, remember, harry reid is involved in this situation, too. He may pick up the phone and i think what is what you will get what potentially could be a way out is an agreement on a negotiating process which would take place which would be agreed on and the president would acquiesce. Theyre going to go back to where they were 2011. Super committee. You saw reid is now talking about running again. Were not sure whether hes serious because hes got the problem of being a lame duck. He has all of these personal issues right now for being, you know, so intractable. Im going to laugh if the biden meister, if he comes in and saves the day again, im going to laugh, if he comes riding in there. I think its going to be the gang of 8. The gang of 8 . I look forward to the bengals game. Coming up, why americans are hoarding more cash, plus how a 9yearold managed to make it past airport security, get to this, to fly to las vegas alone without a ticket. First as we head to a break lets check on the national forecast. The weather channels alex wallace. Good morning to you, guys. A wet morning. Wet start to things. Parts of the carolinas getting into virginia. Downpours heading into roanoke. Showers entering the interior northeast. All thanks to a cold front that will march its way in and help bring us rain for the i95 corridor. Well see storms fire up particularly later today. Thunderstorm activity and some of those storms could pack a bit of a punch. Areas shaded in red from east to North Carolina has the risk of damaging winds and hail. The main risks but you cant completely rule out isolated tornadoes. Active weather. Keep the rest of the weather situation across the northeast. Thats your National Weather forecast. More squawk box coming up next. So she could take her dream to the next level. So we talked about her options. Her valuable assets were staying. And selling her car wouldnt fly. We helped sydney manage her debt and prioritize her goals, so she could really turn up the volume on her dreams today. And tomorrow. So lets see what we can do about that. Remodel. Motorcycle. [ female announcer ] some questions take more than a bank. They take a banker. Make a my financial priorities appointment today. Because when people talk, great things happen. Make a my financial priorities appointment today. Pcentury link provides reliable yit Services Like multilayered Security Solution to keep your Information Safe secure. Century link. Your link with whats next. Welcome back, everybody. Right now its time for the executive edge. This is our segment on giving Business Leaders a leg up. Twitter quickly becoming a part of lots of industries. Today nielsen sl introducing twitter tv ratings. This was announced last year. The goal is to measure the activity and reach of twitter conversations about shows. Ahead of its ipo they have forged partnerships with Television Content owners like cbs, mtv and the nfl. Twitters amplify program will let them send video feeds to people interested in their programming. Does it tell you whos watching . To me the only thing it does is suggest maybe how engaged certain viewers are. Thats about it. Half the time, by the way, can you send out a tweet, even you, becky, and i wont see it unless i go back to scroll. If youre watching the at moment it gets sent. Directionally it may suggest an engagement factor but i dont think it suggests a tweet thing. Weve measured twitter stuff about shows we have on. It doesnt seem to correlate. The ratings, you mean . Its such a blunt instrument. Youre reverse engineering. I have an idea. Nielsen, i think, is a blunt instrument right now for ratings. Right. No out of home measurement. Fix that. No. If you want to know what people are watching, ask comcast. If google knows every predilection i have for the slightest thing, and if the nsa knows exactly, why cant you ask why cant from a set top box, how about saying what people are watching . And its privacy concerns. Thats a privacy issue right now. My question is if comcast or time warner cable, verizon, whomever ask them what you have to check a box. Is it okay if we maybe theyll offer you 3 bucks or 5 bucks a minute. You know d