Dont know, but clowns are creepy and scary. You know the scariest thing on the planet is quest mark chainsaws. You dont even need a gun at your house, you just need a chainsaw. Smells horrible, the sound is downright scary. Connell happy halloween. Dagen happy halloween to you as well. Looking at these markets yesterday pulling back from those record highs again do we blame the Federal Reserve benchmark threepoint loss on the dow right now. Lauren simonetti is at the dow. Lauren it is the final day in the month of october. The Broader Market up about 5 this month. Despite the down arrows we are seeing this morning. The chicago pmi number really strong. Huge upside surprise. Maybe the economy is a little bit stronger if we see a follow through with the national isn tomorrow suggesting a taper may be sooner rather than later. We also have a talk about facebook shares. This is up 18 after the hours. Soft this morning. Investors are concentrating on choosing younger teens back in school not using facebook as much. Also facebook is not increasing the frequency of it as they show the users. Some analysts comments. I see one downgrade, at least 12 brokerages are raising their price targets on the stock of the same time. 7250. Back to you. Connell now lets get to these numbers on the president. President obamas job approval has dropped to an alltime low. 42 of americans approve, 41 disapprove. Dagen Monica Crowley fox news exhibitor and host, where does it go now that he has kind of been exposed for not telling the full truth about the Health Care Law . Review the over and over again for years. Like your health care and your doctor, you can keep these things. Now know it is not true. The wall street journal poll you just cited 42 jobs approval is deal with the gallup showed us yesterday which is 42 job approval p had clearly the trend is downward for him. They were polling the folks here before the lie became public news and started to really gain traction. For me, look, i think every president sort of has a basement level where he doesnt go any lower. George w. Bush in the mid to upper 30s, president s nixon during watergate same thing. Obamas level a little bit higher, he is sort of a historic figure first black president , that might be built into it. 42 is a danger zone for any president. Very tough to come back. Connell he will say he wasnt lying about that. Very aggressive in speech in boston. You think that will be the taxi takes saying you guys, people who are talking about it, People Like Us and others, youre misrepresenting what i really said. Taken out of context. You think that is the taxi will continue to take . I think he will. It is not about the details or really the truth. For him it is about the fundamental transformation of america of which obamacare was the central pillar. For him it is all about the Bigger Picture and the details. The American Public, and this is the big problem for him, the American Public dont like to be lied to by their leaders. If you have a president who is lying at it is not directly affecting the publics like bill clinton when he was impeached, people perceive that as lies about his life or personal life or whatever. But with this people are actually starting to feel real and acute pain because of the lie. Their insurance is getting canceled, theyre losing their doctors, premiums are going up, taxes are going up, deductibles are going up, they are losing work, losing wages, losing hours. That can be directly linked to him and it has already begun, that line he told us to acute and direct paint the america people i think you will see the poll numbers fall even further. Dagen frankly in the speech yesterday he seemed to say you lost your insurance, get over it, by better insurance. The political calculus seems to be this applies to 5 of the population or less. It is negligible. We dont care, get over it. Other people will not feel like they were lied to. I dont think he cares much, you guys. Hes not running for reelection again. Connell youve got to care about health care. Thats his thing. But he does to the big picture. Nationalizing won six of the economy from a socialist point of view, that is what it is all about. He was never that interested in the minutia. Connell this interview has been way too easy for monica. I want to ask one question to make a somewhat uncomfortable. Dagen if you did really truly karen was passionate about it, why did he allow these basically to fall on his face . Youre right. He would have been writing them to make sure it was being launched properly on the right state and he didnt do it. Connell what of it all works at some point years from now what if obamacare works . Oh, connell, you are so cute. Connell that has to be their argument. That is what they are trying to say. Connell the launch was horrible but years from now we will be better off for it. Very cute. Connell you dont give this any percentage chance . No. This is the easy part. Get a website up and running. The problem is not with the website, the problem is with the law. All the kind of government intervention. Dagen medicare is going to run out of money in about 13 years. However, all the people on medicare love it, they love it. They get a great benefit. So my point is even if it is financially flawed, as long as enough people like what theyre getting, thats all that matters. And thats the point. Thats the whole point from the far left point of view no matter what its slammed in its place. This is all about getting government control over the health care system. Then well worry about the details later. She is not just cute, shes gorgeous. Dagen there are a lot of people who get big benefits from this though. They are going to be haves and havenots and it depends on how they vote at the end of the day. This is about government locking into people government dependency. Gave the democratic majority. It was always about government power and control. Connell trying to get your work done. You are so cute. Connell we have to talk about janet yellen from this. Quite a transition. The president s nominee to be the next chairman of the Federal Reserve is janet yellen. There is a new report that came out that may make her confirmation hearing a little bit tougher. The story says she thought when she was San Francisco fed president that the housing bubble was coming back in 2004 but she didnt speak up publicly about that. From memphis, Senior Vice President chief economic strategist. It is good to see you. Is that a problem of janet yellen in San Francisco thinking this whole thing will blow up and she tells her colleagues in private but never says anything publicly . Good morning, connell. You have to remember one thing. Overall as a fed Bank President it is different than the role of the fed chairman. Her role is to provide input at the Committee Meetings and certainly she raised the flags of the housing problem. And i think she did her job and that regard. While i dont necessarily like the accommodative Monetary Policy i think she will pursue, you have to remember they are trying to blame this on her because she didnt do more about the housing issue back then. Its a little bit off the mark. Connell is a little bit interesting because you look at the fed speeches that are made by various figures, she was one of them when she was in San Francisco. You look at the fed officials speaking. A grain of salt and every single remark we get from these people and only listen to the chairman . You certainly have to look at all of the remarks and sort of way them. They dont want to be alarmist. If you think there is a housing problem out there, she will be a little bit remiss to go to the region and say we are about to a housing collapse especially when everybody else says we are not that about it. Connell is selffulfilling prophecy at that point . Absolutely. Connell tell me about what you think of me started talk about this, her policy will actually mean for the economy and for the Federal Reserve. You think the same old, same old, we will keep printing until we cap print anymore. Is that the janet yellen chairmanship we will see . I do think she is dovish. From a transition template it is great. From policy will have a similar transition from bernanke to yellen. But she hasnt always been completely dovish. There have been points she has been more aggressive on the hawkish side. I think what you have is somebody who believes in aggressive Monetary Policy and right now the day that they rely on says they need to be accommodative. You will see more aggressive accommodation, maybe even more so than we have under bernanke. If we start to see inflation will she be as aggressive in her response to that . History says she may be. Connell i dont know that i even need to say it. But at least get her true remarks and what she says when she is the chairman of the Federal Reserve and i guess you wouldnt find somebody who got it right. Thank you very much for coming on and we will talk to you very soon. Thank you, connell. Dagen from Janet Yellens new job to edward snowden. A lawyer for the nsa whistleblower says his client will be joining one of russias largest websites as a Technical Support role. The lawyer did not say what website snowden will be working for but he did say he starts tomorrow. He has been in russia since given asylum. The irony is the russian government is spying. So enjoy living in russia where they spy on everything you do. Connell google glass, which we have talked about on this show come all the rage. Driving while wearing these glasseclasses will cost you a py penny. One woman just found out about that. We will tell you about it. Dagen and making history. 1000 plus wager seats definitely worth it for game six last night. Connell congratulations. The city of boston. Speaking of sports, not changing the redskins name becoming a big controversy but we will talk about why money was a big issue for him and how the team should move forward coming up. State and for all that on markets now. A look at oil now, and then we will come back and talk baseball. When we made our commitment to the gulf, bp had two big goals help the gulf recover and learn 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. Weve added cuttingedge technology, like a new deepwater well cap and a stateoftheart monitoring center, whe experts watch over all drilling activity twentyfourseven. And were sharing what weve learned, so we can all produce energy more safely. Our commitment has never been stronger. Connell everybody at home dying to know who we knew at the game last night. Dagen i told him to go. I told him you will regret it the rest of your life if you dont go. Connell you take credit for everything. Dagen i take credit for their win last night. That ended in game six, not seven. Connell creating number of jobs almost 400 in the u. S. And Lauren Simonetti has that joining us from the new york Stock Exchange. Lauren the stock is not doing much at the moment. But we do have an announcement from the u. S. Walmart ceo as well as the secretary announcing at an Investment Summit 385 u. S. Jobs will be created with walmart in partnerships with three global suppliers. They produce footwear and glassware respectively. This is where walmart commitment to create additional jobs here in the u. S. By contracts with suppliers. Back to you. Dagen thank you, lauren. So much for handsfree calling and navigation. Driving while wearing google glasses may be illegal in some states. A california woman received a traffic ticket for sporting the eyewear behind the wheel. As if the cost of the google glasses wasnt enough, their legalities in question because the device enables video watching which would be dangerous while driving and offlimits. Google glass is just available for App Developers but they will be released for general consumption and purchase sometime next year. 1032. Connell thank you for pointing that out. Dagen how many people do you see in traffic texting and driving all the time . Connell too many. Good news for the great city of boston as they celebrate nearly a century in the making. Red sox beat the cardinals 61. They won their third world series in 10 years but the first time that clinched it at home since babe ruth was pitching for them in 1918. Our senior producer and good friend was there with his wife who is a better producer than he is as it may be. Dagen a better person. Connell neither one of them showed up for work today. Largely because of this. Dagen again he went to last weeks, he went to the game and drove back and didnt sleep and went to work anyway. Connell and he wasnt fairly wy useless. Dagen i told him youve got to go. You will regret it the rest of your life if you dont go. Connell this is like one of those stories. It is his story. Dagen it is true, im not making it up. Connell it had to be great for him. Dagen were happy for them given everything they have gone through. That is less idiotic because your team just won the world series. Anybody wearing a jets jersey. Connell who is wearing a jets jersey . Members of the jets will not even where a jets jersey. Dagen coming up, from the government shut down to our mounting debt, the u. S. Is the best place to be, baby. Officials trying to convey to the world today. Connell even if the protests grows over this redskins name, they are requesting to change it now. Is this battle longterm one that he can win . Keep it on markets now. Its a growing trend in business do more with less with ss energy. Hp is help. Soon, the worlds 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 theyll provide the same benefit to the environment as over 60,000 trees. Thats a trend we can all get behind. We dont have time for stuff like laundry. Were too busy having fun. We get everything perfectly clean by tossing one of these in the wash. And thats it. I wanted to do that. Oh, come on. Eh, thats my favorite part. Really . Thats our tide. Whatsours . See who does good work and compare costs. It doesnt usually work that way with health care. But with unitedhealthcare, i get information on quality rated doctors, Treatment Options and estimates for how much ill pay. That helps me, and my guys, make better decisions. I dont like guesses with my business, and definitely not with our health. Innovations that work for you. Thats health in numbers. Unitedhealthcare. Connell Obama Administration teaming up with Business Leaders to track Foreign Investments here to the United States. Dagen peter barnes in washington, d. C. , with much more. Peter hey, dagen and connell. Demonstration is bringing out the big guns this event. President obama will be speaking at this group later today. 1200 participants including more than 630 Foreign Companies from nearly 60 markets represented. Herb as additives from nearly all the states here to try and pitch Foreign Companies to come to the United States facilities to create jobs. One of the big hitters with me now is francisco sanchez, he runs International Trade administration for the Commerce Department. Thank you for joining foss business. There is a new initiative in menstruation not today. One stop shopping. Whats that about . This is about t making easier to attract Foreign Investment. The United States has historically been a great place to bring Foreign Investment and weve done very well as a country. But the competition has been fierce. Anything we can do to make it easier we want to do. It is intended to do just that, make it easier for investors to set up their operations and create jobs for us. Peter so how does that work . They work with state Department People in u. S. Embassies in 30 countries, how does it work . Youve got it about right. All of government approach. Depending on the sector, depending on the business a company may need to talk to the department, may need to talk to epa, the department of interior. It is going to be coordinating the government efforts so when a Company Comes here, it is easy to get your permits to do whatever it is you need to do to get going. Peter so a single point of contract somewhere who helps navigate all this for a country. That is exactly right. Peter how has it been going . Foreign investment in the United States on the rise here, the states for example a huge energy boom, are we attracting more Foreign Companies to the United States . We are. I have to say prior to june of 1911, we were really suffering from the competition we see from all over the world. In june of 2011 president obama stood up a program called select usa which is housed in the International Trade administration that was our first attempt at an all of government approach to facilitate foreign direct investment. Coupled with what you just mentioned lower energy costs, and very strong and robust market, welltrained workforce and a strong rule of law. All of these are coming together to make us very attractive for investment. Peter good luck. As you get companies to select usa. Back to you. Connell thank you very much. Dagen are investors completely ignoring risk in the bond market was mark vanguard, they know more about bonds than anybody in this country. He i