Reuters - Video

EDITION: U.S. | U.K. | IN

Barack Obama

Stocks fumble as Washington rumbles

Monday, Sep 30, 2013 - 02:14

Sept. 30 - Summary: Wall Street lost ground as Washington headed towards a government shutdown by the closing bell; Apple named top star among global brands; Surface 2 to land in Delta cockpits; American Airlines in hiring binge. Conway G. Gittens reports.

▲ Hide Transcript

View Transcript

Wall Street is held hostage as Washington plays "Deal or No Deal". Lawmakers are lobbing accusations back and forth as the country heads towards a partial government shutdown when the fiscal year begins at midnight. Senate Majority Leader Harry Reid and House Majority Leader John Boehner: SOUNDBITE: SENATE MAJORITY LEADER HARRY REID (ENGLISH) SAYING: "I have a very simple message to John Boehner: Let the House vote. Stop trying to force a government shutdown." SOUNDBITE: HOUSE MAJORITY LEADER JOHN BOEHNER (ENGLISH) SAYING: "It's time for the Senate to listen to the American people just like the House has listened to the American people" But Wall Street is holding out hope that if there is a shut down it will be short lived. The last one back in 1995-1996 lasted for less than a month. Stocks closed lower, above their worst levels of the day, with Congress still bickering as of the closing bell. September continues to be a turning point for Apple. The tech company is now the world's most valuable brand, according to Interbrand, citing Apple's products for changing "the way we work, play, and communicate". Apple dethrones long-time brand champion Coca-Cola. The crowning follows up the record debut of Apple's latest iPhones. Is Microsoft's Surface 2 tablet ready to take flight? Delta hopes so. The airline will start using the newly launched tablet to replace heavy charts and manuals. It is giving the device to 11,000 pilots. The goal is for paperless cockpits by the end of next year. Meanwhile, rival American Airlines says it plans to hire 1,500 pilots and is in the process of hiring 1,500 flight attendants. The job openings will meet new regulations and operational needs as the airline comes out of bankruptcy and merges with US Airways. This year's new gaming consoles aren't even out yet but consumers are already giving the Sony PlayStation 4 the thumbs up over the Microsoft Xbox One. According to a Reuters/Ipsos poll, when asked more shoppers said they planned to buy the latest PlayStation, which is $100 cheaper than the souped-up XBox. Both consoles can be pre-ordered, hitting store shelves in Mid-November. In Europe, stocks were down due to the continuing political fiasco in Italy.

Stocks fumble as Washington rumbles

Monday, Sep 30, 2013 - 02:14

Top News »

Money »

S&P falls back from record high S&P falls back from record high

Fri, Aug 22, 2014 - (1:35)

S&P 500 closes at new high S&P 500 closes at new high

Thu, Aug 21, 2014 - (1:24)

S&P 500 just shy of record S&P 500 just shy of record

Wed, Aug 20, 2014 - (2:23)

Apple hits $100 a share Apple hits $100 a share

Tue, Aug 19, 2014 - (2:06)

Nasdaq closes at 14-year high Nasdaq closes at 14-year high

Mon, Aug 18, 2014 - (2:23)

Putin puts Wall Street in buying mood Putin puts Wall Street in buying mood

Thu, Aug 14, 2014 - (2:10)

We've become a promotional culture-RetailMeNot's Bodge We've become a promotional...

Thu, Aug 14, 2014 - (4:39)

Dow back to positive territory for year Dow back to positive territory for year

Wed, Aug 13, 2014 - (2:18)

Markets cheer Russia's Ukraine exit Markets cheer Russia's Ukraine exit

Fri, Aug 08, 2014 - (1:50)

Russia, Iraq push Dow to three-month low Russia, Iraq push Dow to three-month low

Thu, Aug 07, 2014 - (2:27)

Wall Street gains but telecom disconnected Wall Street gains but telecom disconnected

Wed, Aug 06, 2014 - (2:28)

The Exchange »

The Exchange: Hot commodity The Exchange: Hot commodity

Wed, Jul 16, 2014 - (9:25)

The Exchange: Constitutional crusade The Exchange: Constitutional crusade

Wed, Jun 25, 2014 - (11:35)

The Exchange: The value of money The Exchange: The value of money

Mon, Jun 02, 2014 - (9:53)

The Exchange: China’s Second Continent The Exchange: China’s Second Continent

Tue, May 27, 2014 - (9:35)

The Exchange: A master of business arts The Exchange: A master of business arts

Thu, May 08, 2014 - (8:24)

The Exchange: America's bankrupt cities The Exchange: America's bankrupt cities

Mon, May 05, 2014 - (8:52)

The Exchange: Let the rocking commence The Exchange: Let the rocking commence

Tue, Apr 08, 2014 - (8:13)

The Exchange: The Moneyball fallacies The Exchange: The Moneyball fallacies

Mon, Mar 24, 2014 - (9:54)

Is doing good a good business? Is doing good a good business?

Mon, Mar 17, 2014 - (7:38)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)

Moving Pictures »

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Wed, Jul 02, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, Jun 20, 2014 - (3:04)

World Cup: Around the globe in 50 goals World Cup: Around the globe in 50 goals

Fri, Jun 06, 2014 - (1:08)

VIVID – Sydney’s spectacle of light VIVID – Sydney’s spectacle of light

Fri, May 30, 2014 - (1:37)

The week that changed Boston The week that changed Boston

Mon, Apr 14, 2014 - (3:28)