Your connector COUT is missing the extra 4th pin, the thermistor is for cold-junction "cold end" temperature correction, I'm not sure what you're going to achieve if the wire for it is missing. But it's not really needed anyhow - in the menu you can select NTC or use the MCU's temperature, either way it should display around room temp.
The error is the thermocouple is pegged, double check the wiring from R13 to the connector to the handle, something is not right there. The red LED should not be lit.