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By Jason Stipp and Jeremy Glaser | 09-27-2013 09:00 AM

The Friday Five

Five stats from the market and the stories behind them. This week: 20 days until the debt ceiling, BlackBerry picked for $4.7 billion, and two stocks worth a closer look.

Jason Stipp: I'm Jason Stipp for Morningstar and welcome to The Friday Five: five stats from the market and the stories behind them.

Joining me, as always, with The Friday Five is Morningstar markets editor Jeremy Glaser.

Jeremy, thanks for being here.

Jeremy Glaser: You're welcome, Jason.

Stipp: What do you have for The Friday Five this week?

Glaser: The numbers we're going to take a closer look at are 20, $4.7 billion, 4, $800 million, and finally $1 million.

Stipp: There are 20 days until we hit the debt ceiling, according to the Treasury. This could cause quite a bit of volatility in the market. How should I, as an investor, perceive the volatility we might see as Congress wrangles in the weeks ahead?

Glaser: It really could introduce a fair amount of volatility. Also we're talking about the government shutdown. We have those historical precedents of what a government shutdown looks like, what impact it's going to have, how the market's going to react. So even though it wouldn't be great for the economy, people aren't so worried about it, because we have a sense of what the magnitude of the problem will be.

That's just not true with the debt ceiling, because historically we've never gone through that statutory debt limit before. We don't know what the impact will be on the Treasury market. We don't know what the impact will be on the economy. That's what drives a lot of that market volatility. So if we get closer and closer to that date, and it looks like the Republicans and Democrats aren't able to get together to come up with a bill that would raise that debt ceiling for some time, I think we could see some significant volatility there as we try to figure out what that's going to look like.

That being said, I think it's more likely than not that the debt ceiling problem will get taken care of before then. There probably are enough votes between the Democrats in the House and some of the moderate Republicans in order to pass a bill. I think the Senate would be quite willing to do it, and President Obama would sign it. It's just a matter of if Speaker Boehner is willing to bring that to the floor even if a majority of his Republican caucus isn't in support of it. We've seen that [happen] a few times on some of these deals before. I think that's likely to happen again. So I think keying in on what Boehner is saying could be a good test to see if we really are going to be in trouble with the debt ceiling or if they are going to be able to come to some sort of resolution.

Stipp: $4.7 billion is the purchase price for BlackBerry. We've talked about BlackBerry's woes for a while. So, why would Fairfax be interested in this company? What's the upside for them?

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