Page 13 - Shutdown Doesn T News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Notice, because we are not talking about single grand event, but a series of vents that start with the shutdown. if you go to the airport, it will be operating, and the military and the customs and the border patrol are in business and the postal system and the banks are all open, and the federal courts, and all of the local services paid for by your local taxes like schools and police and firemen are still in business. still, "usa today" did an analysis where they said that 40% of the government would shutdown. that has got to be producing an effect somewhere, and so let's bring in tex int lh...

Is ticking, and all of the smart money on the shutdown and what then? pressure ahead? better to have the shutdown now to compel the people to come together or mid month when the debt ceiling is coming soon, because then it is not grandstanding, but the full faith and credit of the united states and that is a gut shot. >> and speaking of wall street, let's go to the new york stock exchange where zain asher is, and the dow is coming down 127 point, and bring us up to date. >> yes, we are also down on the dow right now, and yes, 17 years since the market has come face-to-face with a potential gov...

I think that it is politician's efforts to really just put their agendas through and not get the work done. >> the impact of a shutdown would be far reaching. it would hurt the economy and putting a hold on the paychecks and hiring. some 783,000 federal workers would face unpaid leave, and this morning, wall street is facing a hit. investors hate uncertainty, and stocks are down quite a bit this morn morning. we will take you to wall street in a second. also, it is affecting everything from home buying to small businesses. now it is worth noting that 3/4 of all government employees will go the...

Housing market. >> a lot of other things would be affected, too. let's start with food safety for example. >> that's right. when it comes to food safety, we're talking about the usda, also talking about the fda. when it comes to the usda, they will continue meat inspections but the food and drug administration will not be able to support the majority of its food safety nutrition and cosmetics activities. it will have to stop routine inspections, but they still will continue to issue high-risk recalls. carol? >> what about the centers for disease control? >> well the cdc they say they will be l...

Opportunity for people who have been waiting on the sidelines. >> that's looking at the glass half full. if the stock market tanks today that might put some pressure on lawmakers to come to some sort of agreement. >> yes, absolutely. you know, i do also want to mention that the s&p 500, if you look at previous government shutdowns the s&p 500 fell about 3.7% during the last shutdown from '95 to '96 and it rebounded higher by about 10% the month following so it's going to be interesting to see but this is a little bit different because the market has so much to digest, the shutdown, the debt ce...