Socialism wins in the nations Financial Capital. Chris christie is now the republican front runner and the Libertarian Party candidate with money from obama opens the door to collectivists in virginia. Investors dont care. A new report that we will print money forever and stocks will go up this morning. Gas, by the way, is down big, yeah, Varney Company is about to begin. [ male announcer ] sheets or bar . How do you get your bounce . Bounce keeps my clothes fresh for weeks, even when theyve been sitting in the drawer a loime. Like those jeans you cant fit into anymore. Uh. By that, i mean. [ male announcer ] how do you get your bounce . Longlasting freshness. Here is the headline that president obama is waking up to this morning. 39 , thats the latest Approval Rating for gallup. Obamacare is really hurting him. And 53 disapprove and here is why. And why they have health care, you dont have to do anything. In fact, for the past few years, as i signed the Affordable Care act, a lot of you have been enjoying new benefits and protections that you didnt have before, even if you didnt know they were coming from obamacare. Stuart that was from september 26th, the weekend before the obamacare rollout. The president was again deceptive. He knew you couldnt keep your plan. Jay carney, the president s embattled press secretary was asked about that statement by fox news ed henry. The president was referring to the law and to the fact that the law was written in a way, and everybody who was closely covered, the drafting of that legislation knew it was written about, grandfathering clauses within the law and he was referring to the implementation of that law through the rule process when the rule was issued. Stuart i call that a torturous explanation. Later this hour, an image polisher offers advice, tell the truth, apologize, frankly, i dont see it coming. Lets not forget about the Health Insurers, some are nowed policies even though they were forced to cancel them in the first place. Well deal with that one. Were looking at a nice market rally, why . Because theres a report that were going to keep on printing money forever. Well have that story for you. Dont look now, but more people are paying less than 3 a gallon for gas and thats good. In todays markets, a lot can happen in a second. Withidelitys guaranteed onesecond trade execution, we route your order to up to 75 Market Centers to look for the best possible price maybe even better than you expected. Its all part of our goal to execute your trade in one second. Im derrick chan of fidelity investments. Our onesecond trade execution is one more innovative reason serious investors are choosing fidelity. Now get 200 free trades when you open an account. But with less energy, moodiness, and a low sex drive,y first. I saw my doctor. A blood te showed it was low testosterone, not age. 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Once wrote something on a sheet of paper and placed it in his factory for all to see. Four simple words where the meaning has never been lost. The challenge always accepted. And the calling forever answered. Introducing the allnew 2014 sclass. Mercedesbenz. The best or nothing. Yes, they are on day one, there was a case of fraud on the obamacare website. Coming up security concerns and identity theft. Your credit is really in jeopardy thanks to obamacare. Weve got that story, its a good one. A minute from the bell, come on in from chicago, tres knippa. I got this report from some fed staffers and they suggest that we keep on printing money until we get the Unemployment Rate at a 6 , and thats printing forever, isnt it . Well, i absolutely think that printing will go on. Why cant we just use history as my guide. As we go back through history is there a country thats ever started printing their own currency, to buy their own bonds and have they ever stepped back and stopped monetizing debt . The answer s zero, theres no case in the history of the world where its happened where a country stops doing it and neither are we. Qe will go on forever because if it doesnt, Interest Rates go up and suddenly congress cant spend more than it takes in. Thats not going to happen. Stuart now weve got the opening bell on wall street and wed like to see, 40, 50, maybe 60 point gain from the getgo. Thank you very much indeed. Were off and running this wednesday morning and the dow has indeed opened to the upside. Were up 23 points and probably to a gain of 40, 50 right in the early going today. Well watch it there. And we do have very disappointing numbers from tesla, theres a battery shortage and theyve forecast lower results for the future. Nicole, give me the bad news, how bad is it . The latest quarter was a good one for earnings per share in revenue. Stock is down 12 1 2 why . Part of it because the revenue and profit outlook Going Forward is light and also the production numbers of the model s Going Forward is shy of the 6,000 mark. That being said, they sold 5500 model ss, theyre a 170,000 car and theyre up 22 this year. Not bad. Stuart youre saying thats a rational pullback. Now ive got to move on to microsoft i saw it flashover 37. 27, i think thats a new intraday my for the year at the least. Whats it go, theyve got a short list of candidates for the ceo job . Tell me. Nicole lets take a look here, we know theyve been searching to replace steve ballmer. Its been a great performer now hitting new highs and theyve narrowed it down. Alan mulally, a turn around specialist from ford and elop from nokia. And another name thrown around is computer scientists, ceo mike laurie. Its up 37 this year. Stuart yes, it is as i duly note as i own some of that stock. Let me bring in liz beimacdonal here. Alan mulallys name pops up. I dont get it hes an industrial guy, he runs ford motor company. Right. Stuart do you think he could run microsoft, a Technical Company . Huge question mark over this name. Great at Companies Making planes and trucks and cars, about you this microsoft is a tech company, a software company, is he good at making software and fix the Online Services division and come up with the next xbox . Thats the key. Stuart the market says, yes, he can. And he brings good pr to the company he runs. M of the is hitting the skids because of the two divisions online software. Maybe a tech engineer who knows software and games and knows what Consumers Want next. Hes great at cars, planes and trucks and xbox is not the next truck is basically my argument. Stuart are you down on alan mulall mulally . Youre not keen into that. No, im not. Someone who can do a deep dive into that. Stuart tone it down, the stock is up and i own it. The margins here on the brand new ipad air. Not much reaction, the stock is at 523 as we speak. Were a couple of days away from the october jobs report. Its a big deal. Joining us is david kotok. Here is what i see coming, a weak jobs report and the administration is going to say its the wicked republicans, they shut down the government and didnt allow our policies to go through, am i right . Exactly whats going to happen, stuart. Its going to be one of these, the republicans lose the communication battle. They come across very narrowly. The democrats and the Obama White House is theyre very good at it. So if its a one against one in a communications battle, ignore the facts, go by the media image, and then the democrats will win this one. Unfortunately, we wont address the policy issues. Stuart right. That caused the shutdown and the job increase. Stuart now, youre an economist. How many new jobs are you looking for here . Well, i mean, we are in this slow period for a long stretch where its a single digit, 100,000 plus. Thats in line with the change and the demographics in the population, nothing robust. We havent had robust. I dont believe were going to see robust for a long period of time. I would expect the Unemployment Rate to go up a couple of ticks and stretch out everything tied to it, like the tapering debate and the fed debate. Stuart if the Unemployment Rate goes up, thats a tough one to explain, and with blaming the republicans. Thank you very much indeed and ive got to switch gears for a second. And liz, you want to come in with something . The facts are, 207,000 the first quarter, went down 183,000 the Second Quarter and the trend is down and were trending at 145,000. Not good enough. Stuart were going to learn this afternoon after the closing bell, twitters ipo price, find out exactly what it is. Ptrading, by the way, actually starts tomorrow. Liz, this ipo, theres more buzz about this thing than anything ive seen since facebook. Are there negatives on twitter . Were seeing bubble era talks that twitter is trading and we havent seen that since the dotcom era. You want to look at the fair value. Its been losing money the past couple of quarters. Active users and growth is flat. And at the level its trading at now, the Balance Sheet and earnings losses training at 60 higher than what facebook and linked in was trading at. So its multiple was richer than those two established companies. Linked in, here is the deal for investors. This stock could pop because of a limited amount of shares offered to the public and which is linked in. And twitter has to convince the investing public its an indispensible part of peoples lives like facebook has. Stuart well find out tomorrow. Nicole, falling sales at abercrombie, i presume the stock is down. Falling sales . Falling sales. You may remember the ceo might it to be for the Beautiful People and most beautiful children which was sort of a really difficult comment from him. In the meantime, i dont know whether the beautiful children or the less beautiful children are shopping there because whats happening, youre seeing the sales drop about 20 this year. They dropped double digits in the last quarter. The outlooks for the holidays look weak and the outlook 4 . And its going to be weaker. Stuart got it, ouch. A lot happening this morning. The dow is up 60. Big moves in abercrombie, tesla. Look at the price of oil, please. Its down 9 in the past month. Up a bit this morning, 94 a share, but that 9 decline has brought the price of gas way down. Were averaging now, 3. 23. Down another penny overnight. Now, look at this, please. Here are the states where gas has had a two handle. Texas, missouri, arkansas, oklahoma, we like that. California now demands that Health Insurers let consumer keep the plan they like, delay those cancellations, they say, even though obamacare forced those plans to be dropped in the firstplace. More from liz . A big fight in california the insurance commissioner says, hey, this is great delay it for the individuals. Other guys in the insurers in california say, no, we have to protect the risk pool. We have to protect the insurance plans overall for the state, meaning floating it with everybody coming in and here is the deal. The california insurance commissioner is saying, you know what . Delay it. Thats better for the individual consumer in the state of california, not increasing it for a year will save these individuals 28 million bucks, that shows you how insurance prices are going up in states across the country. Stuart exactly, going straight up. Obamacare, the website now threatening your Identity Protection secrecy. Weve got the first case of fraud that came out of ohio on october 1st, the very first day the website went live, sort of live. Our next guest says the guest site is rife with identity issues that could wreck your credit. And joining us now in a very big story, all right, paul, i sign up on the exchange, i give them my personal information. You say its not safe . No, its not safe. Stuart all right, who gets that information . Where does it go . Why isnt it safe . The fact that its going to multiple agencies that dont need the information in the first place is part of the problem. But the bigger problem you have identity thieves, savvy, tech savvy people that have gotten their hands on the source codes, the programming, the reverse engineering. Stuart you know that . We know that. Stuart you know theyve got their hands on the source code . The Government Oversight Committee got a hold of Obama Administration memo, they launched that site knowing at that there were grave concerns in the security risks. They gave themselves a waiver to launch the site anyway. If it was any other site, the Social Security administration, unemployment, they wouldnt have launched it, they would have pulled back and said, we better fix these Security Issues about of we let millions of people thats unconscionable. They knew. They knew, thats right. The ics, the International Governing Body for Tech Security and computer software, they failed, they wouldnt go i have them the credentials, the certification that says thats a secure site. Stuart so, i open an account, i put my personal details in there. What kind of personal details, Social Security number . Everything you would need to assume i could become Stuart Varney in five minutes and i could open up accounts, i could ruin not only your credit, it might stay with you for the rest of your life. Stuart this hasnt been fixed . Are they not encrypting that information . It goes into my account and i put it in and before it goes out to the Social Security administration or to the irs or the peace corps, i understand, its not encrypted . They have failed to provide the very basic levels of security. When you go from one link to the other link, theres no security and verifications that say youre still on healthcare. Gov. There could be a section where you click on a site and youre on a site, it looks like it, but youre scaring us to death. Thank you, paul. Thank you. Stuart the white house response to the obamacare disaster is a disaster in and of itself. Blame the g. O. P. , blame the Health Insurers, take no responsibility. 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Question, whats been worse, the rollout of obamacare or the reaction from the white house . Listen to this. If you have or had one of these plans before the Affordable Care act came into law, and you really like that plan, what we said was you could keep it, if it hasnt changed since the laws passed. The law doesnt say to the Insurance Industry you drop coverage. Insurance industry decides how theyre going to make money and when they decide to Drop Companies you blame president obama. Hes not responsible for that. The president said you could apply within 25 minutes, that was not true. Eventually at that still has to go through healthcare. Gov, but youve done the work the eventually part . I give up. Stuart what a mess. Thats bringing in a pr guy, the cofounder of 15 seconds. Com. All right, its an acknowledged pr disaster. Why doesnt the president an