CEO Reaction: Will Shutdown Affect Broader Economy?

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Oct. 2 (Bloomberg) -- Julie Hyman reports on CEO reaction to the shutdown of the U.S. government. She speaks on Bloomberg Television's "In The Loop." (Source: Bloomberg)

Tangible effect on their businesses?

They say it well.

They're not giving specifics on how the shutdown could affect their businesses.

They say it could affect a broader economy and happy trickle-down effect on their businesses.

We checked with the foot locker ceo ken hicks who is not a fan of the affordable care act, but he says it is not worth it to shut the government down.

They are not happy about the higher cost than lower level of care that people will get because of the affordable care act, but is it worth shutting down the government over?


we also talk to jetblue ceo david barger, and he talked about that it could jeopardize the economic recovery.

He says that lingers for a while, it endangers economic recovery at best.

It percolates into the psyche of business and everybody backstopped travel spending and a good trickle-down to others.

This is really serious.

Our trish regan talk to david cote, the ceo of honeywell, and she asked attendees think washington could send this economy back into recession?

This is what he said.

If they create enough doubt out there so that everybody starts asking -- it will not be a bunch of individual actions, so collectively what will happen is everybody will get more conservative, all of us start pulling back on hiring, investing, we say we will wait and see.

That is how you get a recession.

But, julie, we do not get any negative reaction yesterday it seems.

Not any stocks.

Not in the stocks of these individual companies, not in the broader stock market.

One strategist described the market as manic-depressive because we did have gains yesterday on the hopes that perhaps the shutdown won't be very long, won't take a big bite out of the adp, now we are seeing more negative buzz in the futures this morning on concern that it will last a little bit longer, that it well, as you mentioned, bleed into the debt ceiling debate.

We can expect some more volatility as people try and figure out what is going on amid this uncertainty in washington.

In the meantime, ceo's are concerned that sentiment is definitely being affected.

Julie, to record julie hyman, our senior markets correspondent.

Wally showdown may hurt u.s. companies, -- while the showdown may her u.s. comedy, stephen go where intimate camel -- stephen

This text has been automatically generated. It may not be 100% accurate.


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