What we have for you, bill oreilly, steve forbes, we have the 2015 escalade, its parked outside and theyre going to try to sell me one. We have the middle school that is banning tag at recess because of lawsuits . Weve got a lawyer on that, too. And 58 of you do know the want to raise the debt ceiling. Ha. Varney company is about to begin. We gave people a sticker and had them show us. We learned a lot of us have known someone whos lived well into their 90s. And thats a great thing. But even though were living longer, one thing that hasnt changed much is the official retirement age. The question is how do you make sure you have the money you need to enjoy all of these years. Remember this commercial from citizens against government waste . We remember it well. It looks like it might be coming true. China isnt laughing today. It holds our debt and flexing its muscle, giving a warningcone in order and do not default on your debt. Now, thats a sentiment that is not echoed by you, the voters. A fox news poll released this morning finds that 58 would not vote to raise the debt ceiling. How about that . And investors are not listening to either side. Stalemate equals a pretty flat market, slightly higher for wall street. Thats the headline today, but theres a lot more were talking about this morning. Flu hysteria starting again and a doctor in glaxosmithkline is going to convince me to get a flu shot and im not, i have the numbers on my side. Were on it. The miracle hose how many of those have been sold . We have mr. As seen on tv right here, he makes people rich. The Denver Broncos, a 28point favor against the jaguars, wider spread for a pro Football Game in football history. What do you want tonight, baseball or football . Four baseball games, but the monday night Football Game went down to the last play as well. I bet the numbers show that football got the ratings. Okay, next, were watching your money of course, any movement on capitol hill . Come on, were not really going to default, are we . [ male announcer ] this is jowoods first day of work. And his new boss told him two things cook what you love, and save your money. Joe esnt know it yet, but hell work his way up from busser to wter to chef before opening a restaurant specializing in fish and game om the great northwest. Hell stt investing early, hell find some good people to help guide him, and hell set money aside from his first day of work to his last, ich isnt rocket science. Its just common sense. From td ameritrade. Never can say goodbye, boy baby, i never can say goodbye the lyrics to that song, never gonna say goodbye. Got it. Warnings from the bankers and warnings from china, but voters say dont raise the debt ceiling. Congress isnt going to allow a default, really, is it . Thats the theme of our program as we await the opening of the markets. Here is larry levin from chicago. And lets let him weigh in on this one. 58 of voters would not raise the debt ceiling. Larry, thats a pretty large majority to take one extreme action, isn yeah, i mean, i thi theyre thinking from maybe a parents viewpoint, i dont want to loan my kid more money. I need him to go to work and i think maybe the same situation, the only problem is, weve got to raise that debt ceiling because weve got to pay our debt and we cant allow our country to get downgraded more than it is. And thats a big issue and i think the markets going to take it as a big issue. And its a game of chicken right now, stuart and chicken doesnt end until we get to the end and one guy peels off. Well see what happens. Its certainly not good right now. So far its kind of a yawn from a lot of voters and kind of a yawn on wall street this morning. Im looking at the beginning of trading now, were down what, 11, 12 points, 14,900 is where we are now. A couple more people i want to bring into the story. Here is Liz Macdonald and david kotok joining us. 58 of those polled by fox news do not want us to raise the debt ceiling. Liz, you first liz interesting thing in the poll, democrats 4842 say we want spending cuts if you do, if you raise the debt ceiling. And i tell you, something exactly what s p around about when it downgraded the u. S. Debt. It says you have to do deficit reform. Right . When the u. S. Downgraded from triplea, s p said the risks to the Credit Rating is due to washington fights about debt reform and now we have democrats in this new poll saying, yes, they do want spending cuts, if the debt ceiling is raised. Stuart thats fascinating. David kotok, i want to bring you in, too, here. 58 say, no, dont raise the debt ceiling. Thats a big shrug of the shoulders, isnt it . Well, its a big shrug of the shoulders. Ask if they want food inspection on chickens so you dont get salmonella, yes, we want that and we want the feds and the national guard, we want flood, we want emergency services. The list is long. So if you. Stuart hold on a second, do you really think that well go beyond the deadline . Do you really think that were oh, yeah. Stuart s pa the october 17th deadline with no deal and even technically in default, really think so . If default is the payment of interest and principal on the debt of the United States that will not fail on october 17th. On november 1st youve got a 67 billion payment out of the Social Security trust fund and on november 15th, youve got a big payment on u. S. Debt. Those are the real confrontations. October 17th is a moving date. We dont know for sure when the government runs out of cash and we dont know what jack lew has up his sleeve liz this is no way to run a railroad. It depends what the ratings agencies do, stuart. If they call interest patients whats called selected default and if the ratings agencies move on selected default and only paying Interest Payment and thats bad. Right now, we have a market thats trying to escape from d. C. s actions. And we have the feds unlimited rewards program to stock investors. Thats where were at right now. Stuart okay, where we are right now i agree with that. Stuart go on, david. I agree with that, but the fact is that we also have rising vix, rising credit default stocks and falling stocks, were headed on a collision course in terms of markets. Thats going to shake the tree enough. Look where we are right now. Check the big board. This is what, tuesday morning, the second week of the shutdown, nine days away from a potential debt ceiling breach and were down 16 of points, thats what weve got. Let me move back to some other key issues on the stock market. Ill get back to david and liz in a second. First of all, j. C. Penney, you know, i think we would have been justified putting them on death watch earlier this year, but the stock is up this morning. Come on in, lauren simonetti, tell me about j. C. Penney. The stock opened to the upside and now by 2 1 2 . Theres two pieces of news. The first piece came around 5 30 this morning, downgrading j. C. Penney and they dont see the positive upside to the stock and the turn around. They downgraded them to neutral and have the price target. Thats pretty bad. Two hours after that, we saw j. C. Penney give us the store sales and showed a big improvement over the month of august so thats the positive news. J. C. Penney is doing well comparatively in fine jewelry and womens apparel. Thats the largest part of their business. Now, its only up 2 1 2 right now because the sentiment because of the liquidity concerns on the floor. And people i hear about it, its bearish, stuart. Stuart if we would have put it on death watch, however, we didnt. Quick for you. Yes. Stuart were following the three big names we follow frequently on this many pra. Apple closing in on 500 a share and the stock is down 9 this year, 488 this morning. Roughly flat. And facebook is up and holding above 50 this tuesday morning. Netflix well above 300. And right now at 320 in a flat to downside market. Ive got a headline for you, teslas model s overtakes the volkswagen gulf and norways best selling car. I dont know why on earth i care about that. Theres 5 million incredibly rich norwegians and they apparently like tesla. There are only 5 Million People in norway, but theyre paying a premium to buy the tesla model s, it went on sale in august and dont want to wait five months to get a new one. And jeffries had huge comments yesterday about tesla. Bullish on the stock and its up fivefold in 2013. Stuart i cant believe the fact that the norwegians prefer the tesla to the gulf. Duly noted. 14,912 is where we are. Ive got to tell you whats coming up at 10 00. A big show today. Bill oreilly is going to talk about his new book, killing jesus a historical look at the life of jesus, next hour. And weve said that the shutdown is about maximum pain, making the republicans look bad. And now the debt deadline as well is maximum pain. The Social Security administration warn that benefits could get cut. Liz, what do you make of that . And this is the white house warning this and now scaring Senior Citizens. Unless they want a dan rosscowski was chased through a parking lot, Senior Citizens chased him when he threatened to basically raise taxes on them to pay for their medicare and they said impeach him. They called him coward at that time. If they ripped Social Security benefits this is what politicians will see coming right out of the Senior Citizens. Stuart and i remember him. Got it. David kotok come back in, please. Weve had a weeks worth of Government Shutdown and we have a fight over the debt ceiling. Has there been any damage to the economy already . Little bit so far, but we dont have complete data because the Government Agencies arent getting theyre not open for business so were not getting information. Were getting information from private sources. That pictures deteriorating every single day when we get an anecdote and we have yet to see a real impact which i believe we will see when we start to see retail sales contracting. All the kinds of stuff that the private sector will report over the next few weeks. Stuart okay. Lets not forget that the bankers are warning about disruptions in the market and disruptions for the economy. China is warning thats about the debt ceiling. Your position, david, is that if we do indeed go past that october 17th debt ceiling deadline, that it really is serious stuff and we really are in trouble. Thats your position . I think were in serious trouble now because we have dysfunctional government. Thats been developing for a while. We get past the 17th, there is then the prioritization issue and how much cash there is. The big one is november 1st, 67 billion out of the Social Security trust fund for the big payment. The payments in between are staggered and smaller and then theres the debt payment on the 15th of november. And so, were really coming to loggerheads and theres a view in the house that we can take the debt limit, freeze it, crunch is down, crunch the deficit by 700 billion at once, 4, 5 of gdp, and pay the price and stabilize the government. Now, i dont agree with that. I think theres a terrible price to be paid for that, but theres a growing view that we can do that. And thats the politics of our country, stuart. Stuart standoff stalemate. Here we go. David kotoks, thank you very much indeed. Now were down 47 points. We expected it to be flat to slightly lower, were below 14,900. As for the price of oil, up a little bit. 75 cents higher, back to 103. And then we have cadillac, its already unveiled its 2015 escalade, were talking serious luxury here, big price, too. Yeah, you need big money to buy one of these things and someone from cadillac is here. Theyre going to try to sell me one of those, the 2015 escalade. You can see it first time on television and theyre going to try to convince me to buy, trade away my chrysler minivan, incredible, but theyre going to try next. Clients are always learning more to make their money do more. ann to help me plan my next move, i take scottrades free, inbranch seminars. Plus, their live webinars. I use daily market commentary to improve my strategy. And my local scottrade Office Guides my learning every step of the way. Because they know i dont trade like everybody. I trade like me. Im with scottrade. announcer ranked highest in Investor Satisfaction with selfdirected services by j. D. Power and associates. Ladies and gentlemen, let me introduce to you, mr. Craig byely, hes cadillac advertising director. Hes going to sell me one of these things behind me here, the 2015 escalade. Craig, welcome to the program. Thanks, glad to be here. Stuart why are you showing me a 2015 . We unveiled is last night. Stuart are you going to tell me the price if youre going to sell it. A rough estimate. The current vehicle a 63,000. Stuart wait, wait, starts at 63. Up to. 90,000. Stuart who is your target audience . Younger professionals with high incomes. Stuart top 1 . Its a 1 vehicle . A couple of percent, yeah. Stuart shall i tell the Median Income of buyers. You can do that. Stuart Median Income of buyers of Cadillac Escalade 259,000 for people a year. The youngest most affluent buyers. Stuart the chevy 35,000 a year. And craig, its now your solemn duty to open that door and get the cameras around and show me inside and sell it to me, go. A lot of the story of the vehicle is inside the vehicle. Where we spend a lot of time and effort and attention to detail, really premium craftsmanship. Stuart all right. Live cut and sew stitching. Use of real wood. We put the cadillac user interface system, the q system in this vehicle. Stuart whats that . Its basically like an ipad in the dash. Stuart okay. Okay, so, it uses all the controls youre familiar with to control all of the navigation and the functions in the vehicle. Stuart whats so good about the 2015 compared to the 2014 . Its quieter, its more luxurious, its more premium crafted, and the third row seat has Power Forward a big deal for us. Stuart power hold fold . Power fold on the seat. How much does it fit . Seven people. Stuart that would fit my kids. Six kids, seven grand children. Do you think im going to abandon my van for 90,000 escalade. It hasnt started at 90,000. We havent announced on the new one. The van is different for different people. This is a premium luxury suv. You only sold over a thousand. A pretty good september of this year. Year over year, our business is flat. We sold about 22,600 last year. Clearly weepi think well sell more of this one. Stuart okay, ill take a rain check on an actual purchase, but craig, thank you very much indeed. Its a fine vehicle and i think the first time on tv. Isnt it . Yes. Stuart coming into varney company, we appreciate it. The gold report, not much changed for the price of gold. 1325 per ounce. We shall be back. If you dare to issue a disappointing outlook, watch out cause your stock will take a hit. Thats what jamba juice did. They said the outlook is not favorable, disappointing, down it goes 20 . Bill oreilly is the host of the highest rated Cable News Program and now the author of the top selling book in america, hes going to join us next hour talking about killing jesus. Plus, the flu shot this year, supposed to protect you from four strains of the virus. Im not getting one, but someone from the company who makes that stuff will try to be here to convince me to do it. Youre a healthy young 10yearold. You run out of the School Classroom eager to let off steam during recess, but youre not allowed to, you might get injured. Here is my take on the pernicious influence of lawyers. I give you the example of the Webber Middle School in port washington, long island, new york. Its just banned football, hard soccer balls, lacrosse balls, baseballs and rough games and yet, cartwheels banned. Dont laugh. This is real. The superintendent says schoolyard injuries are potentially very serious, and students must be protected. Nonsense. This school and countless others is caving to the threat of lawsuits. Johnnie gets a scrape on school property, horror, it might be concussion. Sue. The lawyer takes 30 of the take. The parents turn the scrape into a financial reward. The schools Insurance Premium goes through the roof so all risk is banned, pathetic. This is indeed the pernicious influence of lawyers, but its not limited to stopping kids play, oh, no. Why do you think medical treatment costs so much in america . Lawyers. Why is fraud so rampant in the disability industry . Lawyers gaming the system. Why cant you give an honest appraisal of employee performance, lawyers, lawsuits, and the contingency fee. Given that lawyers contribute heavily to democrats and president obama, do not expect any change anytime soon. Its very fortunate that that middle school, i mean, its very unfortunate that that middle school that banned recess games is typical of all of those institutions that must always eliminate any and all risk. We dont have the rule of law, we have the rule of lawyers. Opportunities arent always obvious. Sometimes they just drop in. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. 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Com, the place to buy those in commercial products, th