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Transcripts For CNBC Power Lunch 20131017

Is about to bite us in the assets. Sues out, im in, tyler at the nyse. All right. Great to be with you. Futures, of course, this morning a bit of a bleak story, but its been a pretty good day frankly. Certainly for the s p 500, certainly for the nasdaq compass sit. Is wall street worried washington will not get itself together before the next set of deadlines. January 15th to fund the government. February 7th for the debt ceiling. What is the worry here . Theres not much if you look at the spx at 1729. I think thats an alltime high interday and the composite look at that, 3856 and that is, what, 140 some points away from 4,000. 90 days away from the Government Shutdown, maybe another one, 113 for the debt ceiling. The alltime high for the s p as we said, was 1729 and look, we dont have it on there, but well get to it. 1729. The industrials down just 33 points. But a large reason for that is ibms troubles. Its a highpriced stock and the dow, of course, as bob pointed out, price weighted

Transcripts For KICU First Business 20131018

Of 1773 on the deal out of congress. Gold gained 39 dollars and oil dropped to 100 dollars per barrel. Some analysts say oil was the safe haven play during the debt default crisis. In earnings after hours google shares rallied to 950 after earnings blew past expectations. More layoffs are planned at wells fargo. The firm intends to let go nearly 1,000 employees in its home loan unit as demand falls for refis. And, the Labor Department makes it official. The jobs numbers from september will be out on tuesday after being shutout during the shutdown. The market expects 183,000 jobs were added to payrolls and the Unemployment Rate will remain steady at 7. 3 and now that the government is rolling again. So is panda cam Lincoln Ellis of green square capitol joins us now. Lincoln it has been a wild week and now today its options expiration dayits also a full moon. But what do you think about trading today . It might as well be friday the 13th right . And the new all time highs we are seeing o

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