Top story, markets dodging a flurry of headlines to highlighting a a record million dropping out of the labor force followed by a Vladimir Putin as comments russia will continue to send weapons and aid if the nation is attacked from the summit and where would we all be without uncertainty from the fed . 3b with crucial Analysis Research fellow from the american end Enterprise Institute and Hillary Kramer chief investment officer. Welcome to all and it is great to have you. A huge move in the market of to madrid 20 points i had whiplashed just watching and it is hard for the individual inveors to know what is the most important things . Syria . Putin . What should we Pay Attention to . It is a combination of the streets and the traders had whiplashed was frightening but here is the answer the fed is a very important component because it applauded the 85 billion Mortgage Backed securities but the employment report was dismal and that means qe2 would not end next month which is why the market went up. Gerri lets ask alex we had 3. 7 percent Unemployment Rate with 165,000 jobs and the number that really stockout the Labor Participation rate of 63 is the worst since the 18th 78. What did you make of this . Is bad news. The headline might look like it is not so bad but the employer rate did cut down a notch but those who looks at the report says the same thing we see bad news with the labor numbers not just how low it was in august but the revisions of the past two months. With the deceleration things are starting to slow down. With a slower pace we should go act twice this rate so the number that i saw that went up was the uptick of the longterm unemployed which is the area of a lot of concern. Gerri you said everybody thought this was a bad report but the labor secretary thought it was pretty good. I thought one of the things i thought i that the market is a total head fake because it is all manufactured they not trust what is going on. That is why the market has been on fire and you analyze it you see that markets are going up so that is weird coming together of factors a would you tell people they should make of this strange market . It depends if you are a surfer or a sailor if you ride a the momentary waves as a timer or the active participant white is going on right now is worrisome but if you are a sailor not paying attention to the waves but the tides we will be a hot stronger and healthier enomy but you have to have patience and a strong stomach. Gerri looked up the long term did not worry about every movement but you said Something Interesting about the consumer being tired. Everybody looks at that positive news whether their retail nbers or the automobile numbers you say this might not continue . When we receive the numbers on backtoschool spending were already through earnings season to show how resilience the consumer is but it is tired and ties into the fact it is not working or underemployed sohat will drag on the economy. There is a connection will be go into syria . It impacts every sector of our e economy, Airline Tickets go up, a transportation, the cost of goods such as chemicals. The economy could weigh heavy if we do straight to start to strike and syria gerri what are you concerned about for the futureor this economy and markets . A lot of people wait for that market with the economy crystallizes, what is it your crystal ball . When i think back to one year ago as we went into the Fourth Quarter of last year we felt the head winds coming out of washington and we were all talking about the fiscal cliff. A potential huge cliff cut off with spending and higher taxes. Here we are again when year later headed into the Fourth Quarter again facing uncertainty and risk. Part of that comes from syria with how congress will respond to the issue or how the president will respond or the the labor market news this morning and against another debt limit fight. Gerri i think government throws its big shadow over everything. We talk a lot about bonds i think theyre very important what do you have to say the treasurys or corporates . What do you tell your investors about this . We are clearly already in the beginning of the interestrate rise that everyone has bet worrying about the last couple of years. Weirs seeing the beginning trend as the economy continues to revolve we will see Interest Rates move up and as a happens, longterm bonds treasury or corporate or municipalities, and they will suffer and worst most consumers understand. They thought they lost a lot of money in 2008, they havent seen nothing yet. Were worried about the bond market not because of the market themselves fable still get financing but what will happen to those bond holders in that environment . What does your crystal ball tell you . The equity market is still the best place to be not just fiscal stimulus but we are the strongest country in the world you do want to buy financial and Goldman Sachs is still cheap jpmorgan that is where you want to put your money with a dividend yield and if the rates do rise the financials do well we will see some Global Recovery and that creates many for the bank. Gerri think you so much. Great to see all of you. We have a lot more to come including the gsa to get through security for a price. A new report on how much you will pay for obamacare. It depends on where you live. Live. Stay with us. The pursuit of a better tomorrow is something we all share. But who can help you find your own path . Who can build you a plan,ie chart . Who can help keep your investments on course, whatever lies ahead . That someone is a Morgan Stanley financial advisor. And were ready to work for you. Gerri with obamacare the affordable may be doubtful with a study by the Manhattan Institute shows the effect of the premium cost of 13 states and mexico sees the highest increase of 130 percent with more on this we have the center for Health Center policy at the Heritage Foundation. Chris, to be share it shows nine states will have increased, five will have a decrease it depends on your cost right now but are you surprised estate like mexico will see an increase like this . Unfortunately no. Candidate obama when writing promised his plan would cut premium by 2,500 instead the average employer plan has gone up over 3,000 since 2009 when he was elected so we continue to see these increases in unfortunately those mandates will increase costs for those who buy their own insurance. Gerri and those are the most price sensitive because they dont have coverage so it is a double whammy. Exactly. People who buy Health Insurance coverage on their own dont get a tax subsidy subsidy, dont get a subsidy from their employer, with the new mandates of obamacare could mean the difference being the dierence to afford coverage or not affording coverage. Gerri there is talk about the and socalled navigators to show the way and hold our hand with the changes. They just raised the amount of money of 67 billion they are finding money under cushions cushions but theyre hiring planned parenthood kevin said National Urban league to do this. All the usual suspects. Is that is this just a big gift to those that supported obamacare in the first place . It is very concerning. Of the damage the administration reduced onethird of trading hours to complete from 30 hours down at 26 you could now be considered the obamacare navigator. They dont have to undergrowth background checks they to be asking for personal financial bait bait, Health Information and there could be schemes associated with this. Gerri tis will work so well. I can tell already. It is astonishing i guess nobody did know hollywood workout because they did not read the bill. Politico running the story the Administration Spending 12 million in the states with republican governors across theountry to push for word obamacare to advertise the bow like pennsylvania, arizona, texas pennsylvania, arizona, texas , florida, one dozen red states. Is this not just a big political move that . Bid if they tried to sell the unpopular law and the only thing that has been bipartisan from the beginning is the opposition we have seen moderate democrats have abandoned support comment max baucus called it a train wreck the wall street journals shows a disapproval is at an alltime high. God bless them for trying but it is not likely to succeed at a time of a trillion dollar record deficits do we have to spend more money to sell a law that the people dont want . It. Gerri all the promises whether you save money on your premiums or keep your doctor, all of those have gone by the wayside. But the problem is i dont see how you roll this back now that entire industries have restructure themselves to accommodate. That is why the Heritage Foundation we support Congress Taking action this fall to defund obamacare before the exchanges and subsidies go to effect on october 1st and then subsidies in effect jerry first ed new massive gusher of spending over the next decade that we cannot afford right now. Gerri so october 1st is looming the navigators are trained m be. Will at work . We have seen all sorts of delays, glitches, security ncerns, i would expect more of the same this is the unpopularnd unfair law and we will see more problems going forward. Gerri unpopular unfair and unaffordable. That wraps it up. A huge number of harvard freshmen are cheating to get ahead. That is our works. How do you do that . The best way to avoid the travel fees from car rentals to hotels. Thank you orville and wilbur. Amelia. Neil and buzz for teaching us that you cant create the future. By clinging to the pas and with that youre 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. Were not simply saluting history. Were making it. Nascar is about excitement. But tracking all the action and aring everything from our marketing partners, the media and millions of fans on social media can be a challenge. Thats why we partnered with hp to build the new nascar fan and media engagement center. Hps Technology Helps us turn millions of tweets, posts and stories into realtime Business Insights that help nascar win with our fans. Gerri attention you can use it no keep your shoes on the tea s. A. Has a massive expansion of the Precheck Program allows travelers to bypass Airport Security but it will cost you joining me now is our travel expert ceo of travel alliance media. I am part of the program you have to give that your fingerprints it is complicattd but they won 25 percent of travelers by the end of the year how big will this be . If you go through the prejack you can show of 20 minutes before your flight and get on the flight. Night and day. Where your jacket. Gerri coming back into the country through emigration hundreds of people through us. That is global injury so that is of a little different. That is how we get to preach jack. Now anybody can as long as they go to the process but in the past if you were a frequent flier you had to be a frequent flyer to be sponsored 85. Absolutely over five years. Gerri so you can buy back your Civil Liberties if you talk about how much faster of the security lines where do you apply . The various airports the tea is a web site find out which are participating and find out what tax centers you can apply. Gerri pull up the false spring one ashley full screen except southwest. Just about everybody else american and, if delta. Now is outside of the airline scope anybody could become tea is a free qualified. Gerri we promised we would talk about fees and some of these have never heard of before. A lot of people could be asked to doozy waiver that cost many if you have your own Car Insurance youre already covered if you are driving fire rental car or if you have credit cards you are covered as well. Gerri you can be covered more than once . You can duplicate. If you talk to a human beng and callup to say i am confused there you go they will charge a fee. You dont want to deal with that the doityourself or talk to a travel professional if you book with a package they can combine it and they dont charge a fee and then you get professional sites. Resort fees. Gerri this makes me so mad then just put it into my hotel bill. Why are we having these fees in the business . Because of the internet puts the price for word so what do they try to do . They show the cheapest price possible and then they get you on the back end of fivestar Luxury Hotels charging resort fees when the customer would gladly pay this as part of the room that all they do is get into an argument than the customer has a bad experience. Gerri i paid them. About 20 it could be as much as 100 so though way to reduce the cost is if you do a connection. If you have to connect any way connected through dublin and you will save some money because you will connect any way. Then you get the departure tax. Gerri dont realize they the the bad taste in your mouse . And taxation of their representation you will find taxes in new york city that tax people like me to stay in the hotel because i will not vote for the people here. Gerri you have no voice. Taxes and travel is not a good mixture. They have all been changed fees going from one headed 50 up at 2 then everybody would matchf you want flexibility go to southwest. Gerri sometimes you dont have control if you visit a sick parent or fastfood chains and it costs hundreds of dollars. It is so aggravating you pay the difference of the fair but at least dont stick me with a feed. Gerri i agree. Good to see you. Figure for the information. What do you think . Should we have to pay the gsa to get the Civil Liberties back . Photo on the righthand side of the screen. One said she was taken advantage of during a routine procedure in cheating to get into harvard . Defines dearly half of the incoming freshmen have cheated find out what is going on. Any last requests mr. Baldwin . Do you mind grabbing m my phone and opening the capital one purchase eraser . I need to redeem some venture miles before my demise. Okay. Its easy to erase any recent travel expense i want. Just pick that flight right there. Mmm hmmm. Give it a few taps, and. Its taken care of. This is pretty easy, and i see it works on hotels too. You bet. Now if you like that, press the red button on top. How did he not see that coming . Whats in your wallet . How did he not see that coming . Theyre the days to take care of business. When possibilities become reality. With centurylink as your trusted partner, our visionary Cloud Infrastructure and Global Broadband network free you to focus on what matters. With Custom Communications solutions and responsive, dedicated support, we constantly evolve to meet your needs. Every day of the week. Centurylink® your link to whats next. Gerri harvard incoming freshmen are honest when it comes to a bidding they cheated according to the campus newspaper it 10 percent of the class admit they cheated on the test in 42 percent have cheated on hallmark hallmark. We have our psychologist dr. Tableau good to see you. Are you surprised . Not at all in fact, the numbers are higher than last year and i would expect that because of the number of social forces that encourage people to be fraudulent. Gerri like what . The extent we have lost sight whether it matters if you stay closto the truth truth, and the incredible forgiveness we will extend to public of though i think it is the extent to what people fake like on facebook we are all racing a generation of narcissistic people who want to seem a as they have more as than they are getting them. Gerri there is a huge cheating scandal one year ago in the school gets very upset theyre not happy because it is a black guy and in between that time they have a quiz bowl and the wind was invalidated because when she did. If he think about those kids going to harvard will they clean up the trash . Know they will run the country. These are the people we are relying on for leadership positions. You cannot have integrity without autonomy we have a culture that takes autonomy from people and encouraging them to be dependent on the system. When people realized it does not intend for them to take charge of their lives, for them to dictate their own moral code they have contempt for the system we will raise our generations of people with contempt. Gerri you are telling me these harvardids feel disenfranchised . Right now there are so many forces that dont encourage you to take control. Decide what you stand for a and it is as true at harvard or a Street Corner in chelsea massachusetts with the Lowest Per Capita income of this day and unless we encourage people to believe in paying this and speak when they care about they would not care if they have cheated a little bit. Gerri do think the country is too comfortable with cheating . I understand your broad pitcher bridges they think it is normal to cut corners . I play golf. People cheat all the time. H. Sheets on their taxes, they keep in business and in school. There are many forces that lead to stop the one is not empowered, but secondly where are they cheating . American high school but a lot of that homework makes no sense the teachers are not teaching and they cannot get their heads around why does it matter if i learn it anyway . They are right because a lot of it is nonsense that they dont need to learn anyhow and they wonder why would i . Those kids to harvard have the best teachers in the world and they should be able to figure out what they have to learn. But dont be astonished to will get worse. Gerri date you for that upbeat message. [laughter] cheating