The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle, Washington. While there, he's scheduled to meet with Boeing executives and...Airlinesread more
CBS, CNN and other major media companies are starting to pull e-cigarette advertising off their airways, as the death toll from a mysterious vaping-related illness continues...Health and Scienceread more
Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
For the past six years, Facebook has tried over and over to release a hardware product that consumers will want, and it has never succeeded.Technologyread more
AT&T is considering selling DirecTV, according to a report in the Wall Street Journal.Technologyread more
The Fed cut interest rates by a quarter point, but it also reaffirmed its rate cut was meant to serve as insurance for the economy.Market Insiderread more
President Barack Obama spoke at an event in San Francisco on Wednesday hosted by software company Splunk and addressed how tech can help solve problems.Technologyread more
Disney CEO Bob Iger writes in his autobiography that he believes he would have discussed combining Disney with Apple had Steve Jobs lived.Technologyread more
The Facebook CEO will talk to policymakers "about future internet regulation," according to a spokesperson.Technologyread more
Microsoft shares rose 1% after hours as it announced plans to raise its dividend and authorized as much as $40 billion to buy back shares.Technologyread more
Now isn't the time to upend a long-term investment strategy, Josh Brown of Ritholz Wealth Management said Friday.
"Name one significant D.C. event before which it made sense to have a radical shift in your asset allocation," he said. "Every time you tried to play that game, you probably lost."
"A year that gets off to the start this one did, you'd rather be long than short. Trust me on that," he said. "And, typically, October is 'the pivot month,' where the bears really get killed, historically speaking, going back as many decades as you'd like to. So, that's the prevailing sentiment right now."
Stocks closed near session highs, hoisting the and S&P 500 to finish in the black for the week, as investors grew more optimistic over the progress in Washington.
Brown also noted that it was likely the deal to be struck by lawmakers in Washington would be a six-week extension of the debt ceiling.
"It's a kick-the-can temporary solution," he added.
Tim Seymour of EmergingMoney.com agreed that investors were looking to stay long the market, although from a short-term perspective it might be a good idea to hold some cash.
"I think it pays to have a little powder," he said.
StockMonster's Guy Adami said that the stock market provided a surprise by doubling the gains he had predicted this week if a deal was near.
"The action today was startling, given what happened yesterday," he said, adding that an actual deal being reached would still push the market higher. "That should give us another 20 to 25 handles."
"I think you can trade XOM against that level," he said.
Dan Nathan of RiskReversal.com said that a Washington budget agreement would be a sell-the-news event.
"Once we get a deal, whether it be something for a year or six weeks, we've seen this playbook before," he said. "We're going to be very quickly focused on earnings."
"The longer the shutdown goes, the worse the earnings visibility is going to be for the Q4," he said.
Trader disclosure: On Oct. 11, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long MSFT; Guy Adami is long AGU; Guy Adami is long NUE; Guy Adami is long BTU; Guy Adami's wife, Linda Snow, works at Merck; Dan Nathan is AAPL Long Nov Calls; Dan Nathan is TSLA long Oct Put butterfly; Dan Nathan is NFLX long Oct Put Butterfly; Dan Nathan is XOM Long Nov Call Butterfly; Dan Nathan is GLD Long Dec Put Butterfly; Dan Nathan is WFM long Nov Put Butterfly; Dan Nathan is HD long Nov/Dec Put Spread; Dan Nathan is JNJ Long oct / nov put spread; Dan Nathan is JPM long Oct25th put spread; Tim Seymour is long BAC; Tim Seymour is long SBUX; Tim Seymour is long TSO; Tim Seymour is long VALE; Josh Brown is long VAW