Its worse than we thought. 31 and four weeks from now, youll be able to buy a piece of twitter. You want it, they just reported a very big loss, yeah. A big day again. Lets get started. Varney company is about to begin. Its a growing trend in siss do more with less with less energ hp is helping ups do just that. Soon, the worlds most intelligent servers, designed by hp, will give ups over twice the performance, using forty percent less ey. Multiply that across over a ousand locations, and theyll provide the same benefit to the environment as or 60,000 trees. Thats a trend we can all get behind. Well, well bring you the market in a moment, but the pnumbers on obamacare enrollmet are in. They are not good. In fact, theyre terrible. According to figures being reported by the daily caller, it is indeed a train wreck. In the first week the exchanges were in effect. Nearly 5. 7 Million People visited the individual marketplace websites. Of those who visited just over 1 million actually completed registration. And that is that they entered their names and personal information into the system. Got it. Only 36,000 actually enrolled. That means they actually bought an Insurance Plan from the obamacare website. That is, to repeat, a minuscule number. And then we have this, White House Press second jay carney commenting on commerce secretary Kathleen Sebelius yesterday. She runs obamacare. Listen to this. The secretary does have the full confidence of the president. She, like everyone else in this effort is focused on our number one priority which is making the implementation of the Affordable Care act worr well. Stuart i know that sarcasm is a low form of wit. Often when someone says they have full confidence, its frequently the prelude to their firing. Lets move on. Time it money. 30 seconds worth of other headlines we have for you. Special Election Senate race in new jersey today. Democrat cory booker versus the republican. Booker the likely winner, the jut ome will have National Implications and from berkley. A new study, it says because fast food workers make so little they depend on the government for assistance, the cost to taxpayers, 7 billion a year, remember, thats berkley saying that. The debate over the redskins name. We were supposed to have a tribal leader on to talk about it, but he backed out. We will tell you why in our next hour. All right, the market set to open and they will open higher. Stocks moving up right from the opening bell. We are going to see it live. But first this. The United States defeats panama in the race for the world cup. Thats not the big story. The u. S. Win kept mexico alive and mexican fans, this is rare, they couldnt be happier. Listen to this. Score we love you, oh, oh t you really love, what would you do . [ woman ] id be a writer. [ man ] id be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be pilot. 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Stocks are going up because the investors seem confident that were going to get a deal. Lets see if its justified. Peter barnes is in washington. We want as always clarity. Take me through it. How do we get to a deal at the end of the day . Go. Well, it looks like senator reid, the democratic leader in the senate and Mitch Mcconnell, the republican leader, are coming together on a deal. We hear it will probably be announced around 10 00 this morning. And then theyre looking at a procedure that would try to fast track this possibly by starting with the house and having it vote first and then sending it over to the senate this under the arcane rules of procedure we believe would limit debate in the senate and allow much quicker voting process. Lets me interrupt. Here is how i see it. The senate gets a deal and it goes to the house. Its passed in the house because the democrats will vote for it. It goes then to the president , he signs it and weve got a deal by the end of the day. In brief, thats it, right . Or by tomorrow. Stuart or by tomorrow, okay, fair enough. Thank you, the opening bell is ringing, yeah, well i hear you. Look at this, weve opened higher this morning because investors have faith they will have a deal. Were up 52 points already. 15,225. Larry levin, come in from chicago. Larry, investors have faith. Right . Were going to get a deal and thats what this is about, right . Certainly, you and peter went through how it can go down today. Maybe its even baked into the market. Were opening quite a bit higher again today without a deal currently and so certainly people are betting there is a deal. If it falls off the table and doesnt get done until tomorrow, look for an afternoon selloff. Thats the way id play it today. Were listening to you. Shaw galani is here and investors have faith theres going to be a deal at the end of the day and they have faith that janet yellen will keep on printing money. That the president will keep spending it and the treasury will keep borrowing it, thats hog heaven for investors. Thats motivating the market to go higher. The fitch report yesterday essentially didnt discredit the full faith and credit ever the United States taxpayers, it was the full faith and credit of the United States government. Theyre looking past that. We dont have to default unless the government pushes us into it and if they did that, it was catastrophic. And investors are looking past that and saying that they can prioritize and pay off the interest on treasuries coming due. Yes. And sandra smith in chicago, come in, please. Lets nail this one, shall we . We do know the default, if we go past the midnight deadline, do we . No, and the markets have largely been telling us thats what theyve been pricing in. Weve got stocks up right now, and by the way, the vix is dropping like a dime. So a lot of that fear is sucked out of the market right now. One area where we see a little bit of fear in the u. S. Dollar, so, stuart, even though we might avoid default, the markets still have to try to interpret what all of this is going to mean Going Forward. Were looking at a greenback thats saying, im not healthy and things arent going to get better even if we avoid this. So the markets going to spend a larger part of the day, even if we get a deal in the next hour, deciding what this means Going Forward. Stuart but theyre looking longer term and im looking for the next three or four, and the dow is now up 79 points, 81 points and rising, 15,248 as we speak. Now, sound the trumpets because i believe apple has just crossed that was fast. I think we just crossed 500 on apple. Ive got to tell you, the iphone 5s flying off the shelves, the cheaper model, not doing so well. So give me the number, nicole, 500 . 501 and change. And they said they have been working with their suppliers and cutting the orders Going Forward between 20 and 35 . Depending on which supplier. One component actually got a cut of about 50 , so it shows you the demand for the cheaper model is, forget it, not good news. Whats interesting about the 5s, the more expensive model, that gold color flew off the shelves and they had to increase the orders for that particular style. I simply cant believe that, but its true. The gold color brings in the briar thats terrific. Nicole it would match your tie if you were to have the gold iphone today. Stuart back to you shortly. More big names and got to cover them. Strong profits at b of a. They posted a loss this time of year and the profit today, 14 bucks a share, up 1 . Intel, different story. Disappointing outlook, delaying production, thats hurting, not much. Down 9 cents 23 a share. Yahoo disappointing forecast, but it says its going to keep that big stake that its got in ali baba after the ipo. That should be a moneymaker. The stock is up. And a big story perhaps, a lot of buzz surrounding the twitter ipo. Here is joling kent. And shah galani. Whats the date i can get out there and buy some of it if i wanted to. Sources say october 25th, the road show, the pricing analysts are expecting is november 14th. And analysts eepecting november 15ths a the base day. Stuart four weeks from today. Very quick. Stuart if i so desired. Theyre acting on what weve been reporting, acting as a lions share has chosen that. Stuart yes, you can buy it four weeks from now, but do you want to . Because didnt they just report a loss . Yeah, losses are up 64 1 2 Million Dollars and, but the revenue, it did double. So, thats good news. But taking a look at the users, because the users drive ad revenue and drives the money. First half the 2013, 78 of active users are international. However, just 25 of them are contributing, definitely 25 of revenue. So, the numbers are so a little imbalanced. Stuart wait a second, if theyve got International Folks using twitter, but thats not the source of of their profitability . Right, a lot of the ad revenue because theyre more developed in the United States and canada and other countries, thats where a lot of the money is coming from, so theyre going to have to rejigger and develop he international markets. Stuart shah galani, i know weve asked you before. Four weeks from today or tomorrow, i guess it would be. Yeah, i could buy a piece of it. Would you say i should buy a piece of it or not . I dont like to be a twit in the investing circles, i wouldnt touch it. Stuart why not . December of 2011 they had 100 million users, a year later. 200 million, and now 218 million. Im not impressed by that. Valuation between 12 and 25 billion . I dont get it and i wouldnt touch it. Stuart okay. The users the user number between twitter and facebook are wildly different. With what have we got here. 232 million twitter monthly users. But 1. 2 billion for facebook. And thats a huge difference. Theres no comparison, ad revenue possibilities for facebook are virtually unlimited. For twitter im not keen on them and limited application uses and i think as far as Third Party App developers, i think theyve restricted some of that. Im not sure where twitter goes. And as a blogging site i like it, but much beyond that as an investment im not keen on it. What do you have to say about the next generation of users, most young people are not joining facebook, dont want to be on for a lot of reasons, including their parents. A lot of growth in the smaller social media apps that are exploding. What is not to say that twitter has a lot of growth ahead of it. I dont disagree. I was wrong on facebook, i should have got in on the dip. And this one id look on the dip. I want to see it make money and profitability. The numbers arent as profitable as facebooks were. Stuart thank you very much indeed. Two names for you, the dow jones was up, now its 98. A triple digit gain in eight minutes worth of business. And back to the ffcebook price, back to 50 a share. No matter what youve got to say, shah galani, thats at 50 per share as we speak. Something else for you, Strong Demand for American Girl and monster high. That gives mattels profits a boost. Come on, nicole, what is monster high . Okay, monster high, its a e deden sent of famous monsters. Stuart wait a minute, ive got to stop you. They are descendents of established monsters and they are skulls . Yes, and theyre selling nicely. Stuart wait, wait, wait. When i use the word monster, i think of ugly characters, fangs dripping. Is that what were making dolls out of . Sometimes we say sex sells and sometimes we say ugly characters dripping something sells. That is what were seeing with mattel. Can i tell you this now. Stuart yes. Nicole barbie has done well. Up 3 . American girl doll, you know that one, sales are up 20 for American Girl doll and 28 for mattels other girls brands which includes monster high. Stuart now we know. All right, nicole, i think you did your job today. Thank you very much indeed. We do appreciate that. Dow industrials up 93 points, look at this. You all woke up expecting a big drop because fitch warned us and because we night not get a deal and we were responding to that talk about default is imminent. Nonsense, were up 95 points, away we go, boys. And david witter and demanding at that staffers sign up like rest of us. And did he get his way . Senator vitter is next. Clients are always learning more to make their money do more. ann to help melan my nextmov, take scottdes free, inbranch semina. Plus, their live webinars. I use daily market commentary to improve my strategy. And my localcottrade Office Guides my learning every step of the wa because they know i dont trade like evebody. I trade like me. M with sttrade. announcer ranked highest in investor satisction with selfdirected servis byj. If youve got it, you know how hard it can be to breathe and man, you know how that feels. Copd includeemphysema and chronic bronchitis. Spiriva is a oncedaily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. Yoknow, spiriva helps me breathe easier. Spiriva handihaler tiotropium bromide inhalation powder does not replace fastacting inhalers for sudden symptoms. Tell your doctor if you ha kidney problems, glaucoma, trouble urinating, or an enlarged prostate. These may worsen with spiriva. Discuss all medicines you take, even eye drops. Stop takinspiriva and seek immediate medical help if your breathin suddenlyorsens, your toat or tongue el,you gets or e pain, or problems passing urine. Other side effects include dry mouth and constipation. Nothing can reverse copd. Spiriva helps mets include dry mobreathe better. Ation. Does breathing with copd weigh you down . Dont wait to ask your doctor about spiriva. Its not a triple digit gain, but its up 79, 80 points on the dow industrials. A little changed were up a buck 70. Apple today opened above 500 and now its up just a little. Now look at mattel. Up on sales of American Girl and monster high dolls, as we just explained. And that stock is up. Is that the monster high doll . I guess it is. Okay. Teenage monster dolls, okay . Now you know, everybody, theyre selling well apparently. Now for something entirely different. President obama, he vows to veto debt ceiling legislation if it includes senator david vitter proposals that Congress Must sign up for obamacare just like the rest of us. Senator, i think you have dropped that demand so we do get a deal in the senate. Am i correct, sir . Im still pushing for my legislation, unfortunately, the house was going to vote on it, going to vote on a washington exemption of no obamacare language. Thats where the pullback was, im pushing hard, whether this this week or the future our no washington exemption line. Stuart the way things are worded. Members of congress and their staff, cabinet members and some white house staffers, they are not part of obamacare, the way the rest of us are. In the sense that they get, i think, a big subsidy. You want that ended and i think a lot of our viewers, i know, are very much on your side, sir. Explain it in full for us, will you . Well, you know, the democrats and supporters of obamacare constantly argued during this debate. Obamacare is the law of the land. Well, it is for now and part of that law says that every member of congress and Congressional Staff have to go to the socalled exchanges for their health care. But the Obama Administration issued a rule to get around that to take the sting out of that, it was about a month and a half ago, and they said, first of all, not all the staff has to go. Secondly, those who go get a huge taxpayer funded subsidy to follow them there. The subsidy that no other american at that income level gets going to the individual exchange. So, if obamacare is the law of the land, which it is for now, lets live by it, lets not make up this rule to reward congress and take the sting out of obamacare. You know, the chefs who cook the meal should have to eat it themselves. Stuart now, if we get a deal theres going to be some kind of Committee Conference that is going to iron everything out at1 some point within the next few weeks. Are you confident that you can get your amendment back in again . And get this exemption killed and get everybody on an equal footing . Are you confident you can do that . I dont have a crystal ball, but i am confident im going to fight like heck and get a vote and i am confident when members have to actually vote, public votes, into the open light, a lot o