>> with all due respect to rush limbaugh, i believe i smell the sweet scent of compromise in the air. ♪ >> welcome to our redeyed, no holds barred chatathon. president obama, who is not a political pundit just wrapped up a marathon press conference at the white house to talk about yesterday's election and future

relationship with the majority republicans on capitol hill. just how might he went a marathon press conference at the white house to talk about yesterday's election and the future relationship with the majority congress. >> the way we are talking about issues is not working, then i will try some different things. if the ways we are approaching republicans in congress is not working, i am going to try different things, whether it is having a drink with mitch mcconnell or letting john rayner beat me again at golf. or weekly press conferences. i don't know if that would be effective. whatever i think might make a difference i will try out up until my last day in office. >> that was his last answer in a press conference that lasted well over an hour. that answer had a little bit of humor to it. overall, most of the press conference did not have that. how did he do overall including

that answer? >> that was the exception that proves the role. i was struck by the perfunctory quality to the whole thing. the prepared statement and the first few questions he looked like he would rather have than almost anywhere else than doing the press conference. a lot of republicans will listen. he said he heard the american voters and the two thirds who did not vote. he certainly does not say i take some share of the blame. he certainly did not say i will change course in a dramatic way. it was not like, i get it. >> i don't think there is a single elite democrat republican who would listen to that and say he advanced his cause. there is nothing in there that is going down in history as a

dramatic moment with two years left. >> on some level, the proof will be in the pudding. we also read twitter. i would say the media consensus bipartisan was pretty skeptical that the president got anything particular done in terms of advancing the agenda or goals to get himself in a better place. >> >> i have never ended a segment this way, only time will tell. >> that is great. a cliché for the win. with big wins in congress, john boehner sipping a tall glass of i told you so. here is what he told the press this afternoon in louisville kentucky, about his plans for the immediate future in dealing with president obama. >> we are going to pass legislation. some of it he may not like. we will function. the gridlock and dysfunction can be ended.

it can be ended by having a senate that actually works. >> mark, is the majority leader ready to be the majority leader. >> >> you seek compromise not with the new majority leader you want but with the new majority leader you're going to get. i actually think, although mitch mcconnell is an inside player, i actually think of marathon press conference -- he will never be a great communicator. he is doing one thing that i does give people who are bullish on the prospect of compromise of hope, which is he keeps referring to the fact that he has been the dealmaker. he keeps saying that when there have been breakers, i have been the one to strike them. usually with joe biden. people have the notion that he and joe biden are friends. >> they are not friends. >> they have done deals. i think the fact that he eats -- that he is talking about being a dealmaker is a good sign

he is ready to do some stuff in the short term and immediate term. >> there was a rebuke to test crews. ted cruz has been out loudly saying we should not pass legislation. mitch mcconnell came out and said we will not shut down the government, which was like a poke in the eye to ted cruz. he said we will not default on the debt. we will see what he can get done. especially in the house and the people that like ted cruz and his style. looks to me like he wants to put his feet to the fire. not necessarily compromise but pass legislation and say let's but bills on the president's desk. >> he is on the cover of time magazine i predict he will not discuss his favorite character on downton abbey anytime soon. i also predict he will not be the job he is always wanted. he is going to be the same mitch mcconnell he has always been which may well serve the country's purposes right now because he knows the art of the deal.

>> he is going to look towards 2016. even the republicans in congress know they have to have the white house. he will have that in mind going forward. >> he does not like messy. he likes regular order. this could be good for those that like to see compromise. last night there were hundreds of winners. the koch brothers and just as many losers. mark udall, msnbc, and the charlotte hornets. john and i each picked one winner and loser who we do not think are getting enough attention so far from last nights results. who is your under discussed winner of the evening? >> i would choose a metaphorical winner, snoop dogg. great advocate of marijuana in general. marijuana legalization on the ballot in alaska. it passed in oregon. the exit poll last night asking people if they would like to see

marijuana legalized in their state or not. 49% said yes. 47% said no. i think not only do we have two more states doing the right and proper thing to legalize marijuana but we can see this within 10 or 12 years it will be legal within every state of the union. that will make snoop dogg happy. >> my winner is john boehner. he is a partner and ally. he would like to be part of getting stuff done for the good of the country and because he wants to have the reputation. now a lot of the pressure is off of him. no longer in opposition against one. he has an ally against mitch mcconnell, and i think that is good for him. let's talk about the loser of the night. >> this is very specific and practical. scott brown. the senate republican candidate in new hampshire. a night when in every contested

senate race they won whether they were challenges come incumbents. scott brown the only one to lose. >> if he had one, he would've been the kingmaker for the new hampshire primary. >> now he cannot go back. he cannot really run again in new hampshire. the only option for him is nova scotia. i think he would make a great member of the canadian parliament. >> my loser is harry reid. not only not going to be majority leader, his party was wiped out in his home state including the lieutenant governor's race, which means the current governor is now freed up to run against reid if he does run for reelection. he also loses leverage over the white house because they will still talk to him but now the big deals will be done with the president mitch mcconnell. >> you think there will be a minority contest? >> i don't. you look at the morning paper's he is a war with the white house. disastrous for everybody involved.

>> people in his office openly quoted him in a story. trashing the white house. >> he will have to adjust to a new reality. i am not sure he is the world's best adjuster to new reality. >> today is the day of the start of the 2016 presidential campaign. it means two things. mark has a room on hold for the next 14 months. >> it is not a suite. it is a standard. >> there are already some winners and losers in the presidential contest upcoming, too. going to do winners and losers again. tell me who the winner is as a result of last night. >> chris christie. he did not when everyone. he did not when connecticut or colorado. by winning in illinois and then holding florida, wisconsin and michigan, he gets judged not just with the politicians but the donors. the donors who gave big to the rnc now say that we got a great

return on our investment. that is a huge win. >> i have been as critical as of chris christie than anyone. it is kind of amazing that he managed to put in a lot of time and miles. my winner is a guy who actually won the race, john kasich. we both agree he does not get nearly enough attention. he won his race in ohio by a 31 point margin. one of the most important states. if you put aside the mustard stains and add, put aside those things, john kasich has to be considered a serious presidential candidates on the merits. >> my loser from last night, hillary clinton. i can't spell this out exactly.

the party is now in disarray. herehillary clinton and her team are overcautious. they overthink and over analyze everything. this gives them new complexity to deal with. i think whatever plan they had about how to proceed after the midterms in terms of potential announcement, it is all thrown up in the air because no one expected the result they got. it means distancing themselves from president obama and dealing with the democratic agenda having to figure out if shias a candidate of compromise. a lot of complexity. while it has some strengths, this operation does not deal well with complexity and things that threaten her. >> i agree with that. the loser of the other party is ted cruz. he is now in a marginalized position. he is not going to be mitch mcconnell's friend.

that has been taken by rand paul. if he does try to pass legislation, that will not help. the big message of last night i think was that the tea party has not been vanquished, but severely undermined. a lot of republicans elected officials strategist coming out in using words like the wackos have been beaten act. a tea party candidate was never going to win the nomination but less likely they will get the nomination tonight after last night. >> you bet you. one of the few people we could find to be on today's program who is not resting from an all nighter. mike pence. he joins us next. ♪

>> our guest tonight is the governor of indiana. as a member of the party that one so big, he is probably

thinking about running for president. mike pence, thank you for coming on the show. >> good to be with you. >> how do you interpret the sweep and scale of the republican victory last night? >> i think it was a great victory for the american people. the american people i think sent two very distinct messages. one, they wanted to see a change of direction in washington, d.c. away from more spending and mandates and taxes. the other piece of this i think is they also said we want to see more of what we're seeing in republican leadership at the state level. when you elect republican governors in places like maryland, massachusetts, illinois, and arkansas, and we reelect governors in wisconsin

and florida and elsewhere, that is a real affirmation of the kind of commonsense conservative leadership that they have been providing at the state level. we have enjoyed for much of the past 10 years. i think that is the two messages. number one, change direction in washington, but number two is with the expanding field of republican governors all over the country, i think the american people are saying we want to see more of that leadership at the state level. >> those of our viewers who have bookmarked the almanac of american politics know you used to be a congressman before you were governor. what do you think the prospects are that the personal relationship between the president and john boehner can get better sufficiently? that they trust each other enough to make those compromises and changes? >> you remember mark, i was in the congress for 12 years and was in republican leadership the

year that we won majority back in 2010. when i heard and what the president said today, it is a little frustrating to me. it sounds a little bit like what the president said after 2010. he said to the american people who voted yesterday, i hear you. but then we are hearing word about executive action. i think it has never been a personal problem between the leadership and the republican party and this president. i think it has been the willingness of the president to provide leadership in those areas where there can be genuine common ground. i think there is areas where they can get good things done if -- and get the economy moving. we could get tax reform in the area is this taxes. we could do business taxes defense spending. we could do infrastructure. there are a broad range of areas i think could get this economy moving and contribute to a stronger america, but it will

take the president exercising some leadership and saying, i am willing to work with you to find genuine common ground. my hope is when they get together we will see this leadership after this deafening message from the american people. different than we thought after the midterm in 2010. >> i made a joking allusion when i introduced you but i want to ask you about that. i know you think the next republican nominee needs to be a conservative. that is taken for granted. you also think it probably needs to be a governor. chris christie had a big night. it's he as conservative as you? >> let me say back to your earlier point, people sometimes tell me the next nominee should be a governor. i certainly say i am sympathetic to that view. to your point, chris christie scott walker nick hailey -- we

have a great bench of proven leaders at the state level who i think have a lot to offer. i want to say straight up chris christie worked his heart out , traveled across the country, raised the resources that managed to see us standing here today. 31 republican governors. he made a huge difference. >> chris christie as conservative as you are, yes or no? >> chris christie is a conservative. he is my friend and has been a strong leader in new jersey. bottom line, he provided great leadership and support for republican governors and the candidates and the success speaks for itself. >> moments ago you follow me on twitter. three-part question. one, you know what that means? did you press the follow button two, yourself.

and three, how do you use social media as a creator of content and consumer of content? >> number one, i do know what following you on twitter means. number some staffer watching the two, show must have done that because i was not aware of it. number three, i am going to ask them why we were not following you already? >> how do you use social media as a creator of content and the user? >> we try to use it a great deal. for me, using twitter is a means of communicating real-time information about what we're doing as governor of indiana. facebook is a way of staying in touch with people. and direct e-mail going to the supporters around the state of indiana is vitally important. it represents an extraordinary improvement in the closeness and feedback that people in public

life get. we work on it every day. apparently my staff doing a pretty good job if they followed you on twitter during this interview. >> we have spent a fair minute time in indianapolis. what is the best food? finally someone said persimmons. there is a persimmon's festival. i have been to that festival. i want to know from you whether you have ever had persimmon putting? -- persimmons pudding? you better have a good answer to this. >> listen, i can endorse the persimmon puttingpudding but you cannot , get a bad meal in the state of indiana. almost 200 years we have done two things well. we make things, grow things and you guys have to come back real soon and enjoy the great bear in the capital city.

frankly all over the state. >> invite us over and make as corn on the cob or something? >> i am prepared to invite you over and we will make some corn on the call. this is the world capital of popcorn. orval redenbacher's home. you will not leave indiana hungry. >> governor mike pence. we will take you up on that offer. coming up, looking at how the young republican celebrated their great big three last night. ♪

>> last night we sent griffin hammond to the nation's capital with a very specific assignment. go to some killer soirées and capture the mood. he came back with this along with a pretty hefty bill for his next expense report. >> rise and shine young republicans. here, take these and some water.

you look like you had a fun night. i saw you at the americans for tax reform party. you looked like you were pacing yourself and ready for a long night. they called kentucky so fast that you had to have a drink for mitch mcconnell and a mini hamburger. then west virginia flipped. they have not elected a republican senator since 1950. -- 1956. you have to drink to that. now you're headed around town for union station. big bash there. every race is going your way. you are up to five seats now flipped. one more, and republicans control the senate. then fox news called iowa for joni ernst. it is time to dance. your friend says, are you sure you want that on camera. you are like what, that camera. >> do this.

let's do this. this night is epic. this party only goes until midnight. so you hit up late-night chinese and are in bed by 1:00. that is good because as mom always says, nothing good happens after polls close in alaska. >> that camera, beautiful work. loved it. he is the next martin scorsese of our time. >> we will be right back. ♪

>> we are only on television half an hour a day, but live at bloomberg.com and always tweeting. follow our team on twitter and bloomberg.com.

you can stalk us directly on twitter. tomorrow night on this program , dan pfeiffer from the white house. right here

>> hello, i am pimm fox. this is "taking stock" on this wednesday, november 5. a power shift in washington, d.c. republicans set to control both houses of congress. mitch mcconnell in line to become the senate majority leader on january 1. mitch mcconnell says things will be different on capitol hill next year. >> we have an obligation to change the behavior of the senate and begin to function again. that does not guarantee the president will agree with everything we do. we will go back to work. >> president obama followed senator mcconnell with a white house news conference in which he also stressed bipartisanship. >> we can surely find ways to