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Marketwatch for Thursday, October 3, 2013

If you're keeping on top of the stock markets this morning, Thursday, October 3, 2013...
If you're keeping on top of the stock markets this morning, Thursday, October 3, 2013...

The Nikkei is down 13 points today in Japan.
On Wall Street, the Dow fell 58 points.
And the Nasdaq slipped 3.

More than a dozen CEO's of the nations biggest banks  warned President Obama Wednesday that the financial system would suffer  if the shutdown and debt ceiling are not resolved.
The heads of banks including Goldman Sachs, Jp Morgan Chase and Bank Of America met with President Obama at the White House. They said failing to raise the debt ceiling by the Oct. 17th deadline could jeopardize the already fragile economic recovery.

On Wall Street, stocks were mostly lower on fears the shutdown could drag on and after a new report showed weaker than  expected hiring last month 
The Empire State Building's Wall Street debut disappointed investors. Stock in the company that owns the iconic New York skyscraper rose a modest 3 percent in its first day of trading.
But  investors filled their shopping carts with shares of Burlington. The retailer, which sells popular brands at deep discounts, saw its stock climb nearly 50 percent in its first day of trading on the New York Stock Exchange.

Puerto Rico plans to create 6,000 new jobs to help boost the island's sluggish coffee industry. It will also cultivate an additional 16,000 acres in the next two years. Puerto Rico loses about 35 percent of each year's coffee bean crop because there is no one to pick it. 
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