And now to the shutdown. Looks more likely. Investigators anxious ahead of the monday night deadline. Stocks will open lower. How is this for a truly golden parachute. 55 million bucks will go to the outgoing blackberry chief. Hes been there less than two years. The friday edition of Varney Company is about to begin. [ male announcer ] now, taking care of things at home is just a tap away. Introducing at t digital life. Personalized Home Security and automation. [ lock clicks ]. That lets you be cloto home. Thats so cool. [ male announcer ] get 100 in instant savings when you order digital life smart security. Limited availability in select markets. President obama not concerned about the effects that obama care will have on jobs. Listen to what he said yesterday. They said this would be a disaster in terms of jobs. Theres no widespread evidence that says the Affordable Care act is hurting jobs. Stuart oh, Liz Macdonald is here with the evidence that the president should have been reading. What have you got. Federal reserve, richmond, chicago, dallas, all reporting that Health Reform is having an impact on jobs. These are companies, local companies that report back to the Federal Reserve districts across the country. And also seeing Companies Like dana holding, auto manufacturer, medical Device Companies laying off workers, were also seeing schools across the country in places like pennsylvania, california, texas, new jersey, either cutting or busting down to parttime status. Also, cities in california, indiana, kansas, texas, michigan, also either cutting jobs or busting it down to parttime status. Were hiring more enforcers in the irs and hhs at the same time when we have schools, cities and companies laying off or cutting down to parttime status. Stuart our latest tally is 313 employers have changed the structure of their work force, cutting hours or Staffing Levels because of obama care. The president is flatout wrong, but thats i think the evidence is there. All right, the markets, they are about to open and theyre going to open lower, thanks to shutdown fears. Apart from that issue, weve got some big names that are in the news. Were following them for you. Nike, blackberry, ford, microsoft, all of them in the news and all of them moving of the first though, i want to bring you this. Just take a look. The end of an era in the bronx. The best relief pitcher of all time, mariano rivera, a tearful goodbye for the best that we will ever see. And part of the core four, everybody, standing and applauding in this ballpark. The yankees have come out of their dugout and in an extended hug between Andy Pettitte and Mariano Rivero who is so overcome. Thank you orville and wilbur. Amelia. Neil and buzz for teaching us that you cant create the future. By clinging to the past. 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. Stuart tough to figure out what music we should play but we call it the shakedown and jpmorgan. What is going on with that . Possible reason for this shakedown. We will bring it to you in a moment. We are going to chicago where tres knippa is here. We are looking at a lower opening for stocks again. Is it all about a potential shutdown . Is that it . We could only be so lucky. The congress got shutdown in the midterm elections of 2010 and that is when the economic recovery actually started. And watch the Unemployment Rate about 2 . Stuart suppose we should on the government for an extended time, wide sections of it, you dont think the market will go down . Bad news for you. An agreement is not going to happen. Why not make the deadline . 9 30 in new york time, lets make the deadline 10 00 . They will capitulate and come up with some agreement and kick the ball and move the goalposts down the road so lets stop the political nonsense, make the deadline 30 minutes from now because the result will be the same. Stuart interesting prediction from tres knippa in chicago. The dow is lower as we expect, down 36 points below 153. Individual companies in the news, strong profits, nike is a dow component and Nicole Petallides avenue high. Nicole a great day, 6. 3 , 74. And adding to the dow jones industrial, and other retailers, to criticize the numbers as well. Likely all three. Stuart a much bigger selloff if not for nike because we are down 45 as of now. Fords cheese alan mulally reportedly leading candidate for microsofts ceo position. I own microsoft stock. Heres a look at the stock price, microsoft and ford, where are we at the opening . Microsoft is up, ford down a little. Alan mulally has quite a resume with boeing and ford and whenever you see him on this program and elsewhere this man smiles. Contrast that with Steve Ballmer who is more known for i am going to college outburst. That was in dancing around the stage at a developers conference. I will ask both our company members, joe and liz, alan mulally, microsoft, good fit . A lot of potential he has taken through some rough periods. Theres a lot of potential especially with microsoft needing a live physically and having happy spirits, right now he is telling them i am focused on ford. Stuart he has got to. Liz the ceo of boeing may want to return to the seattle area because microsoft is in redmond so he has a hole in that area. Big sprawling company, microsoft three times the size of ford, needs to articulate a vision for the sprawling company. Alan mulally can do and has a lot of turnaround expertise. Stuart john is with us with the bermuda backdrop with him today. If alan mulally goes to microsoft does microsoft stock go up . I think so. What liz is talking about is spot on. They need a vision. They went through all the turbulent crisis, didnt take government money and a lot has to do with the vision of alan mulally. Microsoft right now has 76 billion in cash and that is only about three months of operating cash for these guys. They make acquisitions out there. He can articulate a vision to me, exactly what microsoft needs. Stuart i want to break away from markets and go on to what we are calling the lead story of the day. 440 million, how much the white house is expected to send in, quote, aid to detroit. We are calling in a bailout. Today fed officials will meet with state and local people in detroit to discuss how they can save the city. I got a question for you. If you pump more money in arent you giving it to the same people who created the mess in the first place . Liz yes and they are giving the money in a back door bailout way in the form of grants and loans, things like public safety, i am not sure what d. C. Can advise to give better advice than what between knows what its problems are. John mayfield brought up stocks of foreign aid to places like egypt and we have our cities here but detroit has been a problem in the making for ford for decades so why throw more money at a problem when they need to fix themselves . Stuart politics surely. You got to bail them out. Solitary democrat, got to bail them out in some way. John wakefields still with us. Did you once say dont give it to egypt, give it to detroit. Giving it to detroit will help . I had two bad choices. I would not give it to egypt. I call it a coup, call it what it is. No more foreign aid to places like that. I would give it to egypt. I am not forgiving debt. These guys screwed up the city, the state, the municipalities. They are the ones, more money will be more money going down the drain. President obama said he would not let detroit go bankrupt. They went bankrupt. You with talking about the auto industry, people referred to the municipality. This is a political football for the democratic party. They do not need to see detroit go bankrupt. Stuart i want to get back to another story concerning a corporation. I am talking blackberry, the ceo stands to receive an extraordinary golden parachute, 55 million when the company is forced out and it will be brought out. The stock is up on that. Stock is higher. They came out with their numbers over the last 24 hours, reported that loss, 1 billion. They talk about revenue drop and warned about things going forward. There are new models they are going to address. And for example they do have 4. 7 billion bid. Stuart that is right, thank you. Liz market cap was 82 billion for blackberry in 2008. Charlie brady senior and i ran the numbers. When this ceo took over, now cut in half. The market is saying in a book value of the company is basically the Market Selling blackberry, you are worth half of what youre reporting in the plant property equipment on the Balance Sheet and what the book value was, that is really bad for the company. Stuart john wayfield is with us, 55 million to a guy who lost, i think he was hired in the first place eighteen months ago. He was hired not just to try to turn around a company but to sell it if he couldnt. He succeeded in that. He succeeded in finding a fairfax if you want if you want to call that success may be that is the definition of success given he got 55 million on the out set looks like giving the captain of the titanic a bonus for hitting the iceberg in a hurry. This will go down as one of the biggest tech bursts of all time, a Great Company that completely missed the smart phone. They are so far behind the curve this is heading to the graveyard. Stuart one more, and j. C. Penney will sell eightyfour million shares, they want to raise 1 billion and build a cash reserve, selling new stock, fresh stock, you standing in line to buy it . I hate to be bearish. I think microsoft has potential out there but this is going away of the dinosaur. 932 million in Stock Offering they are putting out there is a last gasp polk. They have really fallen behind the curve. I dont see them catching up. Stuart Mike Mcdonalds answer to burger king healthier, burger king can out with satisfied healthy version of french fries. Mcdonalds is offering the salad option on value meal. I you jumping on the bandwagon of Healthy Fast Food and buying those stocks . Yes i am. It will take awhile to go out, 85 of the market will be in this by 2020. This is the wave of a future, 0. 99 burgers at burger king and mcdonalds got into was an absolute value for the property margin, this is the wave of the future and microsoft, mcdonalds has done wonderful things getting ahead of the curve including refurbishing most of their outlets with healthier menu. Stuart what do you say about this . Millennials for perez and chipotle and it can only be a way forward for future parents that a going to be buying mcdonalds for their children with potential longterm customers and it doesnt sell. That is the problem. And it doesnt sell. Implement and put it into the happy meal. They do all right. Stuart it is an option. Apples are currently in all happy meals right now so when they first offered it as an option it actually didnt sell very well. It is an interesting take and another reading, when mcdonalds added cucumbers it messed up the supply chain, a great story on that so all these new melons and things are certainly something to watch. Stuart are you a millennial . I dont know. Am i . Stuart i wont ask how old lady is. Good enough. We are calling this a shakedown, shakedown of jpmorgan. Eric holder reportedly wants 11 billion from jamie dimon in a mortgage settlement going back five years and today the wall street journal agrees with our description of this as a shakedown. Listen to this. This is from an editorial in todays paper. Keep in mind that this is one bank that did not need taxpayer assistance in 2008 for since. This partly explains how much jamie dimon is the Obama Administrations favorite wall street target. Melissa what is going on is, quote, and chair. What we want to watch here, 7 billion possibly in cash is the number to look at because 4 billion in mortgage relief the administration could say we have more mortgage relief for you borrowers, that would be a victory for the administration. That is the headline they want. Stuart president obama says there is no evidence that his healthcare law has hurt jobs. Is he right . We will deal with it next. announcer scottrade knows our clients trade and invest their own way. With scottrades smart text, i can quickly understand my charts, and spend more time trading. Their quick trade bar lets my account follow me online so i can react in realtime. Plus, my local scottrade office is there to help. Because they know i dont trade like everybody. I trade like me. Im with scottrade. announcer scottrade. Voted best Investment Services company. [ male announcer ] 1. 21 gigawatts. Today, thats easy. Ge is revolutioning power. Supercharging turbines with advanced hardware and innovative software. Using data predictively to help power entire cities. So the turbines of today. Will power us all. Into the future. Into the future. Nascar is about excitement. But tracking all the action and hearing 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. train horn vo wherever our trains go, the economy comes to life. Norfolk southern. One line, infinite possibilities. Im, like, totally not down with change. But i had to change to bounce dryer bars. One bar freshens more loads than these two bottles. I am so gonna tell everyone. [ male announcer ] how do you get your bounce . [ woman ] time for change stuart we have not seen Much Movement in the price of gold but we have a 12 per ounce rally at 13. 36 is your price. No doubt people love their pets and spend money on them. Look at pet smart cashing in boosting its dividend by 18 and it is going to buy back half a billion dollars worth of stock. The stock is up 9 this year up a little bit more this morning. Look at number liquidators down today after the feds rate at headquarters, they are suspected of using illegally imported would. A lot more on this one coming up. Earlier i saw liquidators down sharply and now they say it is unchanged. Lets go to the president. Obamacare and jobs. He said yesterday, quote, there is no widespread evidence that the Affordable Care act is hurting jobs. Congressman mike burgess, republican from texas joining us now is a doctor live on capitol hill. First of all, as a doctor, what is obamacare going to do to you as a doctor in the medical profession . The regulatory control over the physicians practice is something that i dont think anyone has anticipated and doctor practice is actually ready for that. Sections like 1319 of the healthcare law where the secretary of health and Human Services has vastly Regulatory Authority over doctors practices under the guise of regulating quality but that is a world in which most of us have never existed before. Stuart is that regulating how you treat patients and what treatment you give them . Exactly. Of back door way of government regulation. Again this is something that hasnt been on the radar screen. We are talking about the other negative aspect of the Affordable Care act but that is one yet to be determined. A lot of doctors are talk to are not concerned about it. Stuart you are an adamant opponent of obamacare. Address the jobs issue. Yesterday the president said there is no evidence is bad for jobs in america. What do you say to that . I would ask the president to put his money where his mouth is. If he believes that to be true why not delay implementation of the Affordable Care act until the Unemployment Rate is perhaps under 6 nationally. The fact of the matter is Health Economists like john goodman in dallas who have written on this issue had to point out the fact that you tax employment, subsidized unemployment what do you think you will get out of that equation and i ask you this, when at any time as the confusion of vast amounts of federal dollars ever meant a price of something has come down like housing or Student Loans or had to get the picture. Stuart id take your point. Are you in that block of republicans which says obamacare no way know how, right down to the wire you will say defund this and get rid of it now . Are you in that block of republicans in the house . That is the vote ito last friday and the bill that is pending over the senate. I would like very much for them to take up the house bill and send it to the white house and let the president deal with whether or not to sign it. The fact of the matters we will stay on capitol hill until we get this job done. None of us wants to shut the government down. We are fully funding the government in the bill we passed last week except we withhold money from the implementation of the Affordable Care act. Not the first time the house has tried to rein in the executive branch by withholding funding. It happened at the end of the vietnam war if you recall, and it happened in 1985 which prevented the cia from operating in nicaragua causing problems for president reagan later down blind but limiting amendment on an authorization bill. Stuart we hear you. Dr. Michael burgess, rtexas, join us, see you soon. Next, detroit bailout, and the politics of one party rule. My take on that next. [ cows moo ] [ sizzling ] more rain. [ thunder rumbles ] [ male announcer ] when the world moves. Futures move first. Learn futures from experienced pros with dedicated chats and daily live webinars. And trade with papermoney to testdrive the market. All on thinkorswim. From td ameritrade. Stuart the next big thing in tax, google glass, x box 1, Samsung Smart watch, the picks of our tech roundtable yesterday. Today, a whole new student g