Number for september came out yesteday and the labor market showed signs of slowing. 148 thousand jobs were added to payrolls, the Unemployment Rate dipped to 7. 2 . The october jobs report will be out november 8th. Mark your calendars. The tax Filing Season is delayed by two weeks next year because of the Government Shutdown. And, amazon is raising its Free Shipping order fee to 35. Lincoln ellis of Green Square Capital joins us on this wednesday morning. Good morning to you my friend. And to you angie. Lets talk about the reaction to the jobs number. We had a record rally yesterday. What is that saying . Well, not too hot. Not too cold. Another goldilocks report in a series of goldilocks reports that weve received all summer long. Earlier we thought that it was going to lead to a fed taper but given the shenanigans in washington that taper talk now off the table until march so blue skies ahead for equities. That was my next question. With that taper talk looking like the timeline is farther out. What do you do as an Investment Strategy here . Well, its interesting. Youve seen the 10 year come in about 10 basis points and youve seen a bid in u. S. Equities across all 3 major indices, moving them to new highs. But we still like the defensive high yielding sector. If you do get some turn at least you have a bit of cushion in terms of that yield to protect you on the downside. I need a couple of names. Lets see. Altria, the etf for the utilities, and johnson johnson. Good enough. Thank you lincoln. You bet. In our cover story, the Government Shutdown and and debt limit talks that pushed both to the brink are going to cost us. One estimate says next month we will have 125thousand fewer jobs than there would have been in otherwise. It will also take a quarter of a point off g dp growth for the last quarter. White house economist jason furman called the shutdown a selfinflicted wound that underscores how unnecessary and harmful the shutdown was for the economy. One intrinsic characteristic of businessmen is that they want to invest, riskfree as much as they can. They need to have conditions right before they invest their money. Octobers stumble wasnt on solid footing to begin with. Septembers Labor Department numbers show us employers a month before the shutdown added 148thousand jobs. Thats short of the 180thousand expected. Still barely enough to drop unempoyment down a tenth of point to 7. 2 . I think this was a rough jobs report for housing. Housing could help jobs by hiring construction people but this last quarter was less than it was earlier this year. Going by the Unemployment Rate, alone things are supposed to be getting better. But sectors within the economy are not responding equally. Retail added 20,800 jobs but manufacturing only 2,000 housing, in the last quarter added 19,000. Jobs but thats not quite half what it was at the beginning of the year. This months jobs report shows us the longterm challenge to housing. Its that young people are still living at home and not back to work. Its no different than it was a year ago. Next week, officials at the Federal Reserve will meet to discuss monetary policy. Many economists think the fed will maintain its bondbuying program until sometime next year. Consumers are tightening their grips on their wallets in response to the standoff on capitol hill. Heres what bankrate. Com found in a poll of the people. Well, some of the responses i think were very clearly tied in with the Government Shutdown and debt ceiling brinksmanships. Specifically, of those that are holding back on their spending. 1 in 5 cited worries about the economy and when we looked at job security in the month of october. It absolutely plunged. Bankrate also found that 72 of americans are pulling back on spending. Its because of stagnate wages and uncertainty and that could result in hampering the growth of the economy. The state of new york could be in for a financial skid. New yorks comptroller warns Political Uncertainty out of washington over the debt ceiling and funding the government could hurt wall street profits in the second half of the year. The state of new york takes in billions in taxes and bonus money from wall street. And, while the recordbreaking stock market run adds to the fortunes of wall street firms. Political pressure could take some away. Truckers are making a ruckus over the Government Shutdown. In his state of the industry address the president and ceo of the American Trucking associationtells members traditional allegiances the Business Community has had with the Republican Party are necessarily going to need to be reevaluated and, while theres merit to reducing the government and the deficit, the lack of willingness to compromise was reckless. In the 2012 election truckers contributed 700,000 dollarsmostly to candidates in the gop. For the tablet market, less is more. Apple took the wraps off its latest lineup including the new ipad air and updated ipad mini with retina display. The ipad air weighs just a pound, has a faster chip, better camera and starts at 500 dollars. The new mini at 400. Apple shares sold off slightly on the news, ending the day at 519 dollars. Tech analyst rob enderle gave us his take on the new releases. Its well past time to have a product that picked up the momentum that the ipad is slowly starting to lose. The tablet market itself is starting to get soft and its well past time for apple to have a refresh and the mini didnt do it. So this was a punt down the road. Apple says it has 81 share of the tablet market. A random sample of consumers shared their thoughts with us. I have the ipad2. Its great but i think i need a new one. why . more speed. Not necessarily smaller because i dont want my phone to get bigger and my ipad to shrink. I like two separate devices. The ipads hit the market in november. It isnt just apple unveling new products both nokia and microsoft introduced new tablets tuesday. Nokia launched its first tablet the lumia 2520 along with new large screen smart phones. And microsoft unveiled its own new tablets the surface 2 and surface pro 2. The hope is these devices will give a boost to microsofts lackluster device sales. Microsoft as an offer on the table to buy nokias device division. The tech Company Popular for its big discounts will attempt to regain loses from a super sell off yesterday. Shares of online coupon company groupon fell sevenpercent, yesterday. The move was so swiftit triggered the nasdaqs short sale circuit breaker. The stock dropped on an Analyst Report from Itg Investment Research warning of a decline in Third Quarter billings and low growth. The sec comes out today with a new way for more americans to invest in start up companies. The securities and Exchange Commission will formally propose rules for entrepreneurs to raise money online through crowdfunding marketplaces. Currently, only accredited investors can put up money. The next step is lengthy sec discussion process including comments from the public. The online funding idea marks the third phase of president obamas jobs act. An atm manufacturer is facing bribery charges. The Diebold Company is accused of spending 3 Million Dollars on lavish trips and gifts to bribe officials in china, indonesia and russia to win lucrative business deals. Diebold will pay 48 million to settle cases with the sec and with the department of justice. In the wake of a recordsetting 13 billion fine levied against Jp Morgan Chase comes word that bank of america could pay a 6 billion penalty for its mortgage practices. Regulators are considering the fine after accusing bofa of misleading mortgage agencies. Sac capital will close its doors in london. Reuters reports the hedge fund told staff at sacs London Office this week that its downsizing and will close that office by the end of the year. Six employees will also lose their jobs. The company is in the midst of an ongoing Insider Trading investigation. And reportedly, closing in on a plea deal with prosecutors. Employee reviews are in on well known ceos. Glass door dot com has compiled a list of the countrys most liked and not so liked ceos among the favorites Facebooks Mark Zuckerberg with a 97 Approval Rating and twitters dick costolo with 96 lower on the list is microsofts steve bal. Mer and walmarts mike duke at 47 and 48 percent respectively. The strong stock market has been very good to corporate leaders. As Corporate America cashes in stock options. Ceo payouts hit a record in 2012. A study by Global Market insite, finds the top ten payouts hit 4. 7 billion last year, a new high. The top earners Facebooks Mark Zuckerberg with 2. 3 billion dollars, Richard Kinder of energy firm Kinder Morgan with 1. 1 billion, and tim cook, ceo of apple with 143 million. In todays earnings roundup. The goverment shutdown inflicted profit pain on data storage equipment maker emc. Emc missed revenue estimates by 120 Million Dollars and cut its full year outlook. The stock dropped 4 defense contractor Lockheed MartinBeat EstimatesUnited Technologies also reported in solid results. Delta airlines came in on a high note. Earnings topped expectations across the board. The stock soared 4 Harley Davidson and coach were in line with wall streets expectations. Coffee drinkers have a wonderful reason to get up in the morning. The price of coffee beans hit a four year low. Great growing weather, especially in brazil, which produces more coffee than any country coupled with coffee inventories at a fiveyear high means consumers will be paying less for their morning cup of joe. Coffee futures are down 22 in 2013. Mcdonalds is gearing up to add pricier items to its dollar menu in a bid to spur sales. 2 and 5 dollar items will reportedly be added to the dollar menu. Such as 20 piece chicken mcnuggets for 5 and new burgers for 2. Dont turn away theres plenty more ahead. A trader play on a stock that is sitting on the sidelines. Plus. A stunning economic transformation. A new documentary takes us to a town in the midst of an oil boom. And, the christmas factor. Why retailers are stepping up hiring for the holidays. First business continues, right after this. Im going to pass chemistry, and ill take it from there. Im going to do what makes me happy. Im going to work hard. Be independent. Live large. Make the most of every opportunity. I knew i wanted to go to college. But figuring out how to pay for it . I didnt have a clue. The u. S. Department of education has over 100 billion. And thats a lot of money. To help students pay for college. And the free application . You mean the fafsa. I did it online. It was easy. Im never giving up on my goals. I will make a difference. Im going to find out how to pay for college. Im going to college. Gov. Kohls is jumping on the thanksgiving bandwagon. The retailer will open for the First Time Ever on thanksgiving. Doors will open at 8pm. Macys and jc penney also plan to open at 8 for the first time to get a jump on Holiday Shopping. Chuck retailers are bracing for big Holiday Season, ky sisson reports, the seasonal job market is back and more competitive than ever. Christmas has come early for those looking for work this Holiday Shopping season as retailers begin to take on an additional 700,000 employees nationwide. And while thats 52,000 fewer positions than last Holiday Season, economists say the overall retail employment picture for this year is modestly higher, due to an expected increase in Fourth Quarter sales. We see a growth rate of about 5. 8 percent better than last year, which clearly indicates retailers need to do some hiring. Job fairs in orange county, california, are filled with Companies Looking for holiday workers. Organizers point to an increase in job availability and earlier recruitment. It does appear that there are more jobs as they are coming in. Theyre looking for additional help, more than usual. They are bringing in employees earlier than they did in years past. Allison swartout is an account manager in the temporary division of the abbott staffing group. I would say there are more positions than usual. Weve probably seen double than what we saw last year. This is our best year for seasonal or holidaybased work. As Companies Compete to start the Holiday Season as quickly as possible, the pressures on for job seekers as applications are stacking up and positions are filling quickly. There are a lot of openings for holiday work, but even those are hard to get. Its very frustrating. Now that the Government Shutdown is over, the temporary negative effects on hiring like the e verify system that determines citizen and immigration status is no longer a concern. And dr. Adibi says the positive impact of the dow jumping more than 200 points when the debt ceiling was raised should keep sales up this Holiday Season and companies continuing to hire. More or less what the stock market says is that, sure, if you get your act together then were in good shape. Reporting for First Business news, im ky sisson. To get a Competitive Edge when applying for a holiday job employers say research the company, dont ask upfront about the discount and dont show up wearing the clothes of the competitor. Still to come a stock sitting out the rally is catching one traders eye. Andthe small town striking it rich with one of the Largest Oil Reserves in the world. Is it a blessing or a curse . Its all coming up from the headlines its clear still tough times for job seekers in america. But not in 1 small town in north dakota where it is a modern day boom time. Listen to this. I make more money now than ive ever made in my life. We had 2 theaters in town. Now we going to have a 14 plex, thats just 1 example. I dont have an opportunity to do an open house because most of the homes are sold prior to the foundation being done. I moved back to have maybery and maybery is slowly starting to turn into southern california. Those are clips from a documentary thats coming out next year. Its called boom town wild west about formerly sleepy williston, north dakota. It was directed by greg lee and steven cahill. Greg, 160 years ago we had the gold rush. This boom is all about oil. All about oil. Its amazing whats happening in this little sleepy town. Its just turned over. It used to be 2 years ago about 13 thousand, and now its almost 30 some thousand people. And thats dramatic for you. You grew up there. You remember what it was like when you were a kid. Yes. I was just this really quiet little mayberry like the guy said. It really is amazing. People really dont know what to do in some of their cases. Theyve had to leave town because its toothey cant afford to stay there anymore. Ive heard that some storesretail shopshave had to fly in employees because the employees cant afford the lifestyle. Right. And theres no housing. Well, there is housing. Theyre working crazy buidling homes right and left but they can only do so much. I can anticipate your answer here but i want to hear you articulate it. Why is this such a good story for a documentary filmmaker . Its a real Human Interest storyand thats what were going after. We know theres all this controversy of oil as in any kind of resource we take out of this ground. But its just such an amazing story because it affects everybodys lives in different ways. Some people overnight have become millionaires and you would never know it. Other people have no connection to the oil but theyre right in the middle of it and theyve had to actually struggle through it to see how they can survive. This boom could go on for a couple of decades so it may not even have peaked yet. Is there any chance that you might have missed some good story elements because they havent happened yet . You bet. Yes. Theres so many things. People just are trying to hang on and its exciting. We go back there frequently because my family still lives there and we see changes within a matter of 2 or 3 months. Major changes. The Construction Business is so big there. The unemployment is. 5 . They Just Announced last week that they have more young people in one state than any other state working. It is a fascinating story. I will look forward to seeing it sometime in 2014. Thanks so much. Thank you. Thank you for that bill. Just ahead can you name the stock that has lagged behind on its peers in the nasdaq. The mystery stock will be revealed next in chart talk. Ehicle. When i came here, i. I couldnt move. [male announce david was broadsided on the highway. They werent very hopeful at the time that he would survive at all. [male announce an ied wounded mike in afghanistan. I dont remember all of the blast. Was over 500 pounds of explosives. [male announce their physical injuries have