Parks, the national monuments, closed. The feds wont let the state of arizona pay to keep the grand canyon open, theyll pay for it themselves. The treasury secretary tries to inflict maximum pain on the markets yesterday, spooking them with the default warning as he and the president actually trying to force a market selloff. Still, we have big money stories for you to today that involve what else . Technology. Details on how much twitter makes, its getting ready to go public and wait until you hear how much samsung made in just one quarter. We dont shut down for anything. Varney company is about to begin. 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 i can tell you safety is atr 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 a drilling activity twentyfourseven. And were sharing what weve learned, so we can all produce energy more safely. Our commitment has never been stronger. Day four of the Government Shutdown and the Obama Administration wants to make sure that you are feeling maximum pain. Were talking National Parks and monuments, including the grand canyon closed for business. Food programs for moms and kids living under the poverty line and funding for the National Institutes of health all cut. Even treasury secretary jack lew trying to scare into a selloff. What he said, the stock market including investment and retirement accounts could tumble and it could be more expensive for americans to buy a car, a home and open businesses. And the Speaker John Boehner actually showing a willingness to compromise. He says america wont default on its debt and to make sure it doesnt, he says hes willing to pass a clean bill to Fund Government for six months. Take a look how the market reacted to lew and boehner. The beginning of the market when lews statement came out. He said it could be worse than 2008 and then we sustained after boehners remarks and limped to a close. If you listened to jack lew the night before president obama, wall street has been warned. The opening bell is next. 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. To the finest comforts above. Were not simply saluting history. Were making it. [ 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. Try align. Its the number one ge recommended probiotic that helps maintain digestive balance. Stay in the groove with align. Hungry eyes one look at you and i cant disguise ive got hungry eyes all right, guys. No joking around. Emack says that was in honor of me hosting the segment. Its not. That music is honor of potbelly. It was a family chain started in chicago. Well follow the stocks when they open. Those were hot. And were one minute away from the opening bell. Joining the company from chicago, scott shellady. Yesterday we saw the markets dive after the secretary lews comments and came back when boehner was talking. It looks like youre looking to d. C. For guidance these days . I tell you what, this is what weve been looking at. If you go back to september the 24th, its not just lew, but hits sperling and the president. I cant believe it. Theyre trying to insight. And you dont know what is going to hit us, why would anybody do that it doesnt seem fair to us here. And were whipped about by whoever speaks next. Charles i can hear the opening bell. Its not fair to anybody in the country to talk down the stock market from the highest office in the land. And the big board, indications where were going to open higher, first tick is to the down side. Were going to nicole, facebook will start running ads on instagram. Nicole when you talk about advertising and chaching, means dollars. Intragram ads, maybe it will roll out. Up 1. 1 , 49. 77 right now. Charles facebook is staging a huge rebound. Thanks a lot. Nicole. Twitter, thats the biggest tech ipo and now we know more about the Company Following a 1 billion ipo. We want to check out the revenue numbers here, twitter made nearly 314 million. Last year, in the first month of this year, its on pace to pass that, 253 million so far. Jo ling kent. How big can twitter become . Theyre saying raising a billion dollars. But if you take a look at their losses, how does twitter make money . Thats the number one question and they highlighted the advertising strategy in an aggressive way. Charles which is what everybody was worried about facebook. Exactly. Take a quick look at the numbers. The net loss grew 69 Million Dollars and thats something definitely to watch sales. And they wanted the user growth . Its slowing down, 7 growth of users between, in the second quarter. But if you compare that to 3 c1 before, thats 10 to 11 growth. What i dont get, too, and this is key for the stock, whether or not you want to get in. Theyre showing 100 million daily active users, i dont get that. Why is it possible misreporting there . The other thing, they get a lot of the twothirds of the revenue comes from overseas, right . From mobile ads, like three quarter of the users are overseas, im sorry, 25 of the revenues come from international lab. Charles and they argue maybe that gives room for growth. And this is what i found fascinating. Facebook was public, and 54 of that deal was insiders. On this, zero. Do you think that twitter is trying to say we want to go public and be with you. From a pr point of view, shouldnt that help the stock . And twitter is a lot smaller and people feel they can buy in more. Looking at the user base, 215 a month for twitter, compared to facebook, 815 million users. Active users is 100 million. Three quarters of the users are outside the u. S. And only a quarter of their income, advertising, i dont know how the markets are going to price this. Charles on structure, lets move on. Weve got a lot of tech stuff. The next stock we want to check, a Computer Software company adobe. Theyve been hacked, 3 million customer accounts have been compromise, thats right, your credit card information has been exposed. Not a big impact, unfortunately, maybe weve become used to these, down 1 is . Yes, theres a running theme ive already said on Varney Company today. Technology is big money, case in point, samsung. Making 9. 2 billion this quarter. Thats just huge money on the low range of the estimates. Were talking gigantic money and samsung giving a legitimate run for the money across the board. What people are using especially in asia, samsung, samsung, thats where it is. The growth on 22. 8 and its massive, people are buying into it. The android systems theyre using is working better i think for lot of international users, its more seamless and the price point, thats what it comes down to. Charles the bottom line, theyre making money. Making money. Theres a fear that sales will start plateauing. Saturating the market. Thats key for these . It looks like they had a miscue, that samsung watch. That thing is hideous. Are you wearing it . It looks like a dora the explorer watch. Listen, a Bipartisan Group of house lawmakers, even some democrats say theyre willing to repeal the medical device tax as part of the deal that would fund the government for six months, harry reid rejected it quickly i might add, calling it an act of desperation and john boehner is considering. It seems like the republicans now, it feels like, liz, that the republicans may be winning the war here. Yeah. With respect to compromise. Listen, lets put it straight down both sides of the aisle. Obstinatesy is not listening to you. The medical device tax, treating cat scan machine or pacemakers like alcohol or cigarettes, thats what theyre treating it like on revenue, so the jobs are flying overseas, its wrecking this innovative industry. This is a classic case of the government doing too much, rather, you know, theyd rather shut down the government than to discuss this terrible effects of this policy. Charles ive read something that literally, hundreds of thousands of deaths you can calculate from the fact that the medical device companies, theyve got to make this money up somewhere and might come from r d. Less r d means less innovation. And stryker and covidien laying off workers. And my home state of minnesota, a lot of medical devices there, thats a big deal. Charles thats why a lot of democrats want to get on board, even in new jersey. Michelle girard is here, what kind of impact, michelle, are we talking about this shutdown having on the economy . You know, just like most people, our estimates are, you know, for a shortterm week or two, its not going to be so noticeable, 1 10 or 2 off gdp. The duration will ultimately affect the impact. It looks more and more if it drags past mid october we could talk something more sizable. The truth is most of it will get made up in the first quarter, but it does, i think, have implications for the fed and for the markets, and i think thats why at this point, its hard to feel confident to say its not going to matter. Charles we get to the october 17th debt ceiling number date and we pass it without resolution on both the things. Theres a psychological aspect that will probably weigh heavily on the economy. I think thats it. And i think everybody, its part of the problem why washington didnt feel the urgency to get this resolved. Everybody at the moment kind of thinks like, oh,s this going to be a shortterm thing and weve seen this before and its not that big of a deal and the markets have been complacent about it. And so, the hit to confident confidence, to business confidence, i dont think that weve seen that yet. I tell you, as things deteriorate and as the duration is extended, i think you have to wonder about the fallout, the impact on the private sector, the impact on consumers going into the all important Holiday Shopping season and these are sales that may not get made up. And i dont think you can just at the moment conclude, oh, its no big deal. It will hurt the floor and made up in the first. And i think we were reminded this week with a few of the economic pieces of data. Its a sluggish economy to begin with. And a battery build, to nicole. Were learning that reuters is citing people with knowledge. The suffering now is flat for tesla. Tesla and samsung are working on a deal for an additional battery. A Battery Technology to be more specific. That will be Something Interesting to follow. Of course, tesla had a tough week with a fire that ensued when it hit a metal object and tesla, of course spoke out. Theyre down for the week. Theyre down 8 , and this year up 415 . Charles thats not too shabby. I want to wrap up your seven until movers first. A lot are saying, hey, lets go ahead and get rid of the excise medical tax, and open table got an upgrade this morning over at Piper Jaffray and they like it a lot. Oversold and the stock is looking higher. And cree has been just a whole big lot of momentum, the stock breaks out today through 74 if they can get there. And dekkers upgraded to a buy, 75 target from 66 and Jane Montgomery scott, indicating, but the overall market is getting back to the big board and indicating higher as well. Everything is pulling back and weve seen this movie all week long. Another movie weve seen all week long, the obama now that the g. O. P. Is pouncing on it, making a video about all the problems so far, and thats a personal story. One person story about how obamacare is hurting her wallet. Might sound familiar. announcer scottradeproud to be ranked best overall client experience. Wow. Look at you. 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Three new polls for you from fox. 49ers pof voters disapprove of president obamas Job Performance and 40 aboard of. 54 of americans want to see all or part of the health law repealed and maybe House Republicans are on to something after all. What could be the reason they want the law to go away. 76 of them say theyre actually happy with their Current Health coverage. Much more on obamacare later in the hour. Now, the Obamacare Exchanges are already plagued with all kind of glitches, not many people signing up and the g. O. P. Is using the problems to take advantage, take a look at this. I keep getting this error page, well, let me progress past and hit a roadblock on the wekz. Dont have to take my word for it, go on the website. Websites have been experiencing technical glitches. Please wait. Charles the congressman is here and you have a sorry story of one of your constituents forced to pay much more for health care because of the law. Not unwith, many of them. Theyre getting notices as obamacare is going forward. An um into of folks have seen their premiums literally triple and others are seeing their health plans being dropped either by their employer or by their insurance carrier, these are the health plans they like. And they were promised they could keep and still more are seeing their hours cut back at work, some are actually losing their jobs. Charles but theres one particular story that really, you know, we talked about a lot in a morning meeting because everyone said, wow. The woman who her husband has coverage and shes losing like 22 of her income. I mean, how does that happen . She actually works at a hospital. She has Insurance Coverage though through her husband. But she was just informed that she is going to take a 23 cut in her salary, thats 22,000 which she says is going to be devastating since shes the principal earner, because they can no longer piggyback her on to other husbands policy. They have to show a separate policy for her. She says, look, ill pay the 2,000 fine just dont cut my salary. And they said, well, unfortunately, it doesnt work that way. Charles wow. By the way, she says she voted for obama. She supported the aca, 100 , she says. Right. And now shes dealing with this and her term is, its outrageous. Charles one of the things, if you go outside right now and told everyone, would you afford, would you support the Affordable Health care act, they say say absolutely nobrainer. Would you support something that would knock 22 off your annual income no one would be okay with that. Speaking of which, California First we heard 5 Million People went to the website and now 600,000. To me the more important thing, how many people are buying into it and taking the bait . Do you know how many people signed up so far in your state . Yeah, im told 645,000 people showed up at the website to purchase insurance, they only sold 7700 policies. Thats just a little over 1 . Now, think about this. If youre the only shop in town and by the way, you have a gun, people are forced now to buy this insurance. They show up at your shop and 99 of them go away without buying anything, that tells you an awful lot about how theyre viewing this as a deal. So far this has been, up until now its been a theoretical discussion about something in the instant future, now its real, its very personal, and i think that were going to see what support remains for obamacare dropping very rapidly as people come facetoface with the reality of obamacare. Charles you know, i think that another reality, people may start to realize its just over the last 24, 48 hours, john boehner, i think hes sort of reclaimed his leadership role, to be quite frank with you, the house coming through with all kinds of things, youre going to, said being okay, well fund the medical trials at National Institutes of health. Make sure the veterans dont have to suffer, open the National Parks, the National Guard and reserves, well get them active and all of these things were rejected. Whats going on here . How does how does the other side say no to all of those things . Well, theres a basic malfunction that suddenly occurred in the process. Think about it, we have a legislative system with two houses, designed to disagree and yet, theyve got to