good morning. welcome to "squawk box" right here on cnbc. i'm andrew ross sorkin along with joe kernan and michelle caruso cabrera. that song can apply to both candidates the u.s. equities rising sharply after james comey said in a review of newly-discovered e-mails that it has not changed the decision not to bring charges against hillary clinton. overnight in asia, perhaps keying off that news, things looked like it was in the green for the most part. same story in europe as well. and we got a lot more that we'll be talking about with the markets in just a few minutes. and then at the 8:00 a.m. hour, you don't want to miss this because we have an exclusive interview coming up with hedgefund titan david tepper, the founder of appaloosa management. and news breaking earlier this morning, janet reno died from complications with parkinson's disease. she was the first woman to serve as u.s. attorney general. she was one of the most recognizable faces in bill

clinton's administration serving for nearly eight years. she was 78. and in a 5.0 nag any attitude earthquake in central oklahoma damaged several buildings. the downtown energy hub of cushing was blocked off and part of the area was without power for two hours. there were several gas leaks but officials say they have been contained. no life-threatening injuries were reported. a spokesman for the oklahoma corporation commission says that they have been in contact with pipeline operators in cushing and no immediate reports of problems. weird, though. never was an earthquake center. odd. back to the political story this morning, the fbi director james comey is maintaining his recommendation that hillary clinton not face charges following the newly-discovered e-mails. and ayman is here with more.

>> good morning, joe. we had twists and turns down to the last day in the presidential campaign. but late yesterday the fbi director james comey sent a letter to capitol hill saying the fbi completed its review of the newly-discovered e-mails discovered on the laptop that was used by anthony weiner and his wife huma abedin. he said based on our review, we have not changed our conclusion that is we expressed in july with respect to secretary clinton. he also said they reviewed the communications, all of the communications that were to or from hillary clinton while she was secretary of state. almost immediately republicans criticized comey's statement yesterday saying that this was a rushed review, that comey could not possibly know everything that was in all the e-mails. democrats also were very critical of the fbi director comey here saying he's botched the handling of this from almost the beginning of the investigation into hillary clinton's e-mails. so two parties here very at odds with each other over director comey. what we'll see here in the next 24 hours or so is whether or not

this will have any impact on the presidential race. and then, of course, joe, the big question will be what does it portend for james comey's future as fbi director. he's politically untouchable but either president who might win on tuesday. but does he want to continue? can he continue? can he continue to manage the building? those are all questions swirling around james comey, guys. >> thank you, eamon for that. i have one question for you, do you think that ultimately comey keeps his job? under either administration at this point? >> i think it is up to james comey, ultimately. i'm out on a speculative limb here, but neither president who gets elected on tuesday would be able to fire comey. i think politically and practically. the question is, does he feel like he can still manage the building because you've had all this week now of explosive leaks of the fbi. people saying all kinds of things they normally would never say. can comey get control of these

people, regain the confidence of his team and does he feel like he wants to continue? i think that's sort of the key question here. >> eamon, thank you. we'll continue this conversation with just one day until the presidential election. we're going to go check out some of the battleground swing states. john harwood is joining us. scott cohen is in north carolina. but we'll start with diana olec in delwyn beach, florida, this morning. >> reporter: florida is crucial to the candidates with 29 electoral votes. that's why both candidates were here on saturday. most analysts say donald trump cannot win without this state. the math just doesn't work. the last time a presidential candidate won without florida was bill clinton in 1992. so early voting here, though, is done and half the state has already cast a ballot. renal sterned democrats turned out in larger numbers than republicans are, but by a very thin margin. 2.4 billion registered republicans to 2.43 million

democrats. and 1.16 unaffiliated. that is just who voted. we don't know how they voted. so let's go ahead and look at some fun facts. president obama beat mitt romney here in 2012, but with a razor-thin one-point difference. it was the last state in the nation to be called. so we could be up here very late tomorrow night. now registered voters, 38% democrat, 36% republican, 67% white, 13% black and a large hispanic vote at 17%. early voting shows a large hispanic turnout. florida was hard-hit during the recession and the housing crisis. 90,000 floridian homes lost to foreclosure. 14% of home oowners are still under water on their mortgage. florida has the highest unemployment rate in the state's

history. 4.7 unemployment. and donald trump has spent more time here, about ten more visits than hillary clinton. we'll go to scott cohen in raleigh. diana, it may not feel like it this time of the morning, but welcome to the argument of the political universe. today donald trump holds a rally in raleigh this afternoon. hillary clinton will wrap up her campaign with a midnight rally at nc state university. roughly 45% of this state has already voted early according to the state board of elections, but reading that turnout is a little bit tough. african-american turnout seems to be down. a federal judge, though, ruled late on friday, and this may explain the late tension here, late on friday that thousands of people who had been purged from the voter rolls here in north carolina must be restored. now, that could bode well for the democrats. we will see. but it's not just the presidential race in play here. arguably, one of the most competitive gubernatorial races in the country.

pat mcrory signed the controversial bathroom law. he signed it and defended it and came under fire on the campaign trail. the democratic challenger roy cooper opposed the law, defended it -- would not defend it as state attorney general. that law has cost the state millions of dollars in business. not to mention a couple of points in our annual america's top states for business rankings. and competitiveness is front and center in all the governors races today. we'll take a look, in 31st ranked missouri with the 49th ranked workforce, democrat chris coster is promising to make missouri a top-ten state for business. it's in his campaign website by cutting taxes. republican eric reitgen is vowing to fight corruption. and jim justice is a democrat while republican state senator bill cole promises to cut red tape. republicans hold nearly a 2-1 edge in governors races across the country. a dozen governors mansions are

up for bid tomorrow in the election. so it's not just about the presidential race. andrew? >> okay. thank you to both of you, john harwood is here with us in new york to help us break things down. and my question for you, really, is given the news over the weekend, does that have any real meaningful impact in that so many people have already voted in the past week? >> i don't think it has any impact at all. i was talking to a senior clinton advisor last night who said, anybody who is going to make their decision pro or con for hillary clinton or e-mails, that ship sailed a long time ago. so this is an atmospheric thing to put a little spring in the step of the clinton team. but i don't think it's going to move votes. and it's not really clear that the -- >> the futures moved on the news yesterday. you saw the european and asian markets move on that news. does that make sense to you? or are they moving on something else? >> well, i don't know what makes those markets move. however, if the correlation is

accurate, i think that is a reflection of the conversation that people like us have about the -- what is going to happen after the election and how much trouble is hillary clinton in? and is this going to be a problem? i think -- what do you call it, a headline risk? it's a headline reaction. >> you saw the peso. did you see the peso? >> yeah, obviously, that's what it was. i don't know, the giants won. but that probably wasn't it. i think it was -- yeah, definitely, right? definitely. nine straight days -- >> do you think that the markets move nine straight days downward -- >> as it got uncertain as he close in the polls and it's getting back to -- or is it a coincidence with the reopening that it went down and with the investigation nothing happens and it goes up 2.50. it gets it all back. >> i don't question the market analysis you're doing. but what i'm saying is the progress that donald trump was

making, he was making it before the comey letter came out because republicans were coming home to him. what happens in politics, things happen in the world and then we look at the campaign and say, oh, that caused that. urgely it didn't cause that. >> uh andrew, i was in makeup, we weren't able to get makeup together, which was a bummer, because it is down here, it's not big enough, the room, but nothing is better than when a couple of guys are just shooting the bull while getting makeup on. >> you were getting a pedi. >> oh, john. >> real clear politics. here's the top stories. trump is a threat to the world. the entire world. even if he loses, that's from one person. then the next one, it's trump or it's the end of america. so the first one could be the end of the world if it is trump. the next one, it will be the end of america if it's not trump. and then the third article is, good luck to the next president. 50% of the country will hate you. >> yes. >> and congress will be

deadlocked. >> which is very true. >> so that's where we are. >> and i was thinking, i'm happy for you over the weekend, it's really good. but i just think it's really great for the democrats now that there's a chance their nominee doesn't get indicted! i just think you would be giddy, too, if i knew there was going to be no criminal prosecution in the first month, at least on the e-mails. that's a very positive thing and it's positive for the markets and everything else. so why not be giddy on a monday, right? this is good. that's good news. >> but here's the question for you, joe, even if there's no indictment, should there still be an impeachment? >> it depends on the clinton foundation. i'm so confused with the fox reports and then the pushback from everybody else. do you have any insight into that? >> fox reports, they themselves walked back. >> well, he didn't really walk back the substance. it was aggressive and has been going on for a while.

and they are actively pursuing. he walked back the indictment that was imminent. >> but what it shows -- >> andrew, in fairness, are you going to walk back the 13-year-old rape case? >> we should do that. kellyanne conway will be here -- >> he bogged down trump for the first six months of his presidency. >> joe, here's what we are learning as eamon indicated in his report. the same kind of polarization we experience on this set is occurring in the fbi. that's just -- that's the way our country is. >> can we underline one thing this morning, though? the polls as i see them right now or the state of the race as i see them, the best regarded st statusticians in the world give her an edge but an upset is quite possible. >> nate silver, who gained a big reputation in 2008 and 2012 has the model that is most generous to the possibility of a trump

upset. he's about a 65% to 35%. >> correct. >> but the other models, "the new york times" model, the princeton model, the huffington post model -- >> the huffington post said 99.9%. >> no, that is princeton. >> i was joking. one is at 99.9%? >> that is correct. >> whoa. >> let me just run through the polling numbers because we do have the last nbc news/wall street journal poll. what it shows consistent with other polls is a lead of four points for hillary clinton, 44/40. has a larger undecided than some other polls do. gary johnson is at 6%. jill stein at 2%. and very consistent makeup of the coalitions favoring each candidate. first of all, look at donald trump's assets. he does well among men, senior citizens and does very well among non-college whites. he does well among whites overall. and he does well among people in rural areas. you look at hillary clinton, her

assets are stronger than donald trump's. she has a bigger lead among women than he has among men. she has a bigger lead among non-whites than he has among whites. she has a very large lead in urban areas and she has a large lead with young people and white college graduates. and that is unprecedented for a democratic candidate to be winning white votes. >> college educated whites, what is it? >> as a share of the vote? >> no, no. right now -- >> plus seven for hillary clinton. >> among all college educated voters. okay. and college educated men must be -- >> it's like two points for trump. >> correct. we are under the impression that it's a bunch of uneducated white guys. >> well, that's the strongest element of his base. >> so there are some college educated -- it's just -- it is plus two with college educated men. >> i think the spirit of what you're saying is, oh, it's the uneducated people who like

trump. but there are plenty of educated people voting for donald trump. >> it's a big country. there are a lot of people -- yes. i mean, the overall numbers are 47/40. >> princeton are the guys who invented the toothbrush and didn't call it a teethbrush because they didn't have one tooth. that's why it was called a toothbrush. >> did you write that joke? >> no, it's a redneck. >> is that a jeff foxworthy? >> yes. >> you know who jeff foxworthy is? >> yes, i do know who jeff foxworthy is. >> dude. >> why is it called a toothbrush? >> where is jeff foxworthy? >> he's on cable somewhere. >> i like that. >> i'm glad i got you to smile this morning. one day. >> can i ask one more question? let's say the polls are wrong. let's say there's an upset. in my head if that happens the senate goes republican. is that a good assumption since it is 50/50. >> no question about it. >> okay, if that happens, this is what i question about the --

if we see a move in the markets, if the republicans control all three houses of congress, tax reform, health care reform, whatever you want to call it, suddenly becomes much more possible. to me i don't understand why that isn't market friendly and why the market reacts so negatively when they see donald trump losing in the polls. when it comes to policy, if you let paul ryan lead the legislative agenda -- >> i would say because the end of democracy and the free world would be negative for all those things if trump were elected. >> you said facetiously. >> yeah. but you just saw what i said. >> i just question the whole -- >> the president said that it could be the end of the world. >> and place are going to fall out of the sky. >> as he said don't worry about voting. >> a couple points, first of all, i think there's some -- i defer to you on analyzing the markets, but there is some concern about trump's temperament, stability, that sort of stuff. that's a. b, there's got to be certain in the markets about trump's

attitude toward trade. >> on both sides. >> and clearly trump -- trump's political identity is more bound up in anti-trade than hillary clinton. >> but tax reform, this is, he said it himself during the debate, what i thought was one of the most authentic moments of the debate, under his breath he says, i know more about the tax code than anybody else who has run for president. >> but you have a big risk on the deficit given his plan. and finally, he's not for entitlement reform. that is core to paul ryan. >> not right away anyway. i don't care. you can eat whatever you want in the morning. as long as you're here. >> side story. i had yesterday's dinner as my breakfast. and it was a little stinky, i apologize. >> but you're here. >> i didn't smell it at all. so i think some people might be hypersensitive. >> i found this listerine in the makeup room. >> whatever you had, thank you for being here.

>> john harwood, thank you for being here. you saved me from having to really talk. >> please come every day. coming up this morning, kellyanne conway is going to join us to talk about her final push for voters. and a programming note, cnbc's special election night coverage starts tomorrow. you don't want to miss it at 7:00 p.m. eastern time. john will be on the show. michelle will be here with her listerine. it's going to be big. >> and on trade, they both hate trade. u.s. ek wiquity futures are sha high they are morning. don't miss our interview with david tepper to talk about the market and the election. that's at 8:00 eastern time. "squawk box" will be right back. those new glasses? they are. do i look smarter? yeah, a little. you're making money now, are you investing?

well, i've been doing some research. let me introduce you to our broker. how much does he charge? i don't know. okay. uh, do you get your fees back if you're not happy? (dad laughs) wow, you're laughing. that's not the way the world works. well, the world's changing. are you asking enough questions about the way your wealth is managed? wealth management, at charles schwab.

stock futures are surging this morning just one day ahead of the presidential election. joining us now, geena sanchez, she's a cnbc contributor. and chris rupke, a chief financial economist at mufg union bank. so we are seeing a snap-back. i didn't add up the nine days on the s&p, did either of you? what did we lose? and does it equate to 250 points? probably not that much to get

back what we lost. >> i think we've been treading water in this whole process. >> do you know, chris? >> i don't know. i think the dow is going to be up, what, 4.5%, 5% year to date? it doesn't seem to break out anywhere, does it? >> no, it hasn't in a couple years. but we went under 2100 on the s&p. and under 18,000 on the dow. so this will bring us back at this point above both of those key levels. but then we have the election and then we decide in this latest earnings report, geena, good enough to move us forward even if the fed does hike? >> well, we are starting to finally see the first beginnings of the end of this profit recession. so i think the market is/should take that positively if we can get past the election and can get past the fed hike that's been long anticipated. i think all of those things plus a little bit of positive macro data should be positive. >> if we get past the election. i'm assuming tomorrow is going to be tuesday. and the sun will come up.

>> yeah, but you don't know what is going to happen on wednesday. you don't know. >> florida, again, can you imagine? >> you have seen the 269/269 scenario. there really is one. it's a very narrow path, obviously, but i mean it's crazy. and then, you know, we're going to have the guys who want to hack on election day. >> they want to hack on election day. the possibility for terrorist activity today and tomorrow in a couple states. >> virginia and texas of all places. so i guess, chris, i think of you more writing about economics. so profit recession is ending, is the gdp malaise ending any time soon? >> well, i think the fed is starting to change its narrative a little. gdp was always the be-all, end-all, especially for us as economists. but the fed forecast is like 2.0, 2.0, all the way out to

2019. so now we are focusing on how many jobs are being created. >> so the answer to his question is no. >> there are millions of jobs being created. >> but the sad thing is, i hate the idea that we're not going to get 3% to 4% gdp, so let's change what is important to us? you should feel better -- >> it's the baby boom generation. the baby boom's 50 to 70 years old. >> that demographic means we are starting to retire. we are not the luckiest generation. >> both sanders and trump are saying and hillary are saying they want faster growth, but i don't think it's really going to happen. >> he's not -- as much as you want. >> he represents that side of the party. >> they have a lot of similarities, brexit, sanders, trump -- >> sanders is out. >> people are angry. you're making people angry. >> he still has an influence on the party. that's the problem. >> yeah, he does.

definitely. so in addition to the election coming, the new year is going to come, too. is 2017 better? >> well, look, what we're trying to look at is things a little broader than kind of the next month or the next week. and if you look at what has happened over the last six to nine months, we have seen japan rallying in the world. we have seen emerging markets rallying in the world. when we get past these issues, i think the u.s. is set to come back to the top in terms of opportunity for global equities. i think that we probably see a rally, who knows how much of a rally it will be. a clinton rally wouldn't be as bad as what would happen if trump were to get elected on the downside for markets, but i think on the whole we have -- we have this stage, we're setting the stage for global rotation that will take the u.s. out of the bottom and toward the top. >> you think a decline from trump would be knee-jerk or permanent? >> i think a lot of it would be knee-jerk. at the end of the day, we don't

know what is going to happen and there's the uncertainty to feed market fear, right? so i think a lot of it would be knee-jerk. i think when we think about what happens, we've gotten plenty of presidents coming into office with crazy ideas. reagan came into office expecting to shut down the u.n., right? these things don't really happen. >> one negative thing i can say about reagan. he failed you, didn't he? >> the economy is everywhere but there. >> in new york city. >> yeah. thank you. coming up, the polls will be open in less than 24 hours. but is the election in danger of being hacked? that's a question. what you need to know before pulling that lever. and how will the weather play? we'll have a forecast to talk about when "squawk" returns. ♪

it's been over 100 years since the first stock index was created, as a benchmark for average. yet a lot of people still build portfolios with strategies that just track the benchmarks. but investing isn't about achieving average. it's about achieving goals. and invesco believes doing that today requires the art and expertise of high-conviction investing. translation? why invest in average? what powers the digital world? communication. like centurylink's broadband network that gives 35,000 fans a cutting edge game experience. or the network that keeps a leading hotel chain's guests connected at work, and at play. or the it platform that powers millions of ecards every day for one of the largest greeting card companies. businesses count on communication, and communication counts on centurylink. now that fedex has helped us we could focus on bigger issues,

like our passive aggressive environment. we're not passive aggressive. hey, hey, hey, there are no bad suggestions here... no matter how lame they are. well said, ann. i've always admired how you just say what's in your head, without thinking. very brave. good point ted. you're living proof that looks aren't everything. thank you. welcome. so, fedex helped simplify our e-commerce business and this is not a passive aggressive environment. i just wanted to say, you guys are doing a great job. what's that supposed to mean? fedex. helping small business simplify e-commerce.

welcome back to "squawk box" on cnbc. top u.s. futures are rising sharply after the fbi director james comey said the agency has not changed their decision not to bring criminal charges against hillary clinton. we are also watching currency this is morning as a result of that decision because the mexican peso is rising sharply against the dollar following that fbi announcement. other than that, the dollar is stronger against almost every other major currency including the british pound. which is weakening for another reason as well. over the weekend prime minister

teresa may told european leaders she would stick to her timetable for leaving the european union, this despite a court ruling last week to say parliament must awe prove her plans to trigger an exit. despite the stronger dollar, look at the price of crude. they are rising overnight after opec committed to cutting output. wti is higher by 73 cents at 44.79. brent is at 46.18. the u.s. government is warning of two potential threats timed with tomorrow's presidential election. concerns over a possible acadia attack have authorities in virginia, new york and texas on high alert to thwart a possible russian cyber attack. joining us is a u.s. commander who is the top of the fletcher school until recently he's been an nbc news and msnbc analyst. but that role was on hold while he advises the hillary clinton

campaign on national security matters. we are thrilled to have him this morning. we'll take them one by one. which do you think is the more meaningful threat? >> no question, a russian cyber attack would be more meaningful. al qaeda would be sharp, short, it would jangle the nerves, but the russian introduce into our process is quite significant. >> and handicap it for us. what are they able to do at this point? >> you know, i think they have about three different paths they can take. one would be dumping more misinformation, opening another can of e-mails, they have kind of been doing that as this has gone along. secondly, they could go directly at the electoral process attempting to hack into the balloting process. thirdly, they could go for a broad area kind of attack, taking down some portion of the electric grid. andrew, i think there is maybe a one in three chance of it

happening but it's not insignificant. >> let me go first with the e-mails because we talked about three different pieces there. when you look at what julian assange released through wikileaks, do you think russia is ultimately behind that? >> i do. i think that is fairly clear. both the people i talk to in the intelligence community and europeans with contact with the russians, there's a wide variety of sourcing for that, yes. >> and when you think about the idea of hacking the actual election, meaning there's the grid issue, there's the influencing it, but actually at the source, is that even possible given that this really is state by state and in places so analog still? >> yeah. a great question to ask is, and try googling it, how many polling stations are there in the united states? nobody knows. we have certainly tens of thousands. we have 3,000 counties highly decentralized systems. so i think it would be very difficult to do anything extremely influential. again, it would be a

demonstration kind of thing. i think that is actually the least likely thing we'll see. >> you would have to be very targeted, right? if you're going to do it, you're going to go after a battleground state with a particular county that you know has equipment that is vulnerable. you would have to be very, very specific. i'm hoping that those counties realize who they are. >> i think the odds of that are actually relatively low. one of our biggest problems in any form of cyber defense is a lack of inner agency cooperation, both at the federal and local level. so let us hope that simply the diffusion and frankly the primitive character of the system will be a defense in itself. >> and let me ask you about this, what could be -- i would argue more damaging, i mean, there's the election damaging,uh the idea that we could have a terrorist attack in the next 24 to 48 hours to me is terrifying. what do you think officials in texas, virginia and new york are doing and doing differently this

morning? >> i think that this is an area we are relatively well prepared for. and here we do have reasonable levels of inner agency cooperation, andrew. and i think that what they're doing differently is simply focusing resources on polling places and precincts as to posed to on airports, bus stations, transportation grid, which has been the norm for this kind of attack before. but the problem is, we're so spread out and these are huge states. so it's very difficult to up the game in each of them individually. so it is a bit of a targeting shuffle. and, of course, at the end of the day, it's an intelligence game. >> one final question that relates back to the e-mail issue. which is that a spokesman for hillary clinton over the weekend suggested that they could see more e-mails come out and that we should look for e-mails that might be made up, which suggested that the original e-mails might be real. the clinton campaign, for the most part, has not confirmed the voracity of the e-mails. at what point does it make sense

for the clinton campaign to say, these are real or not, because once you get into a situation, if in fact fakes e merge, how you start to deal with that, if you haven't confirmed the voracity of the originals? >> i think that's a purely political question, and perhaps a strategic communications question for the campaign. what i will say from a russian perspective is that you now have a window, probably 36 hours, where you could drop fake e-mails. because no one could debunct it. the story would blow up. this would be the moment for the truly faked e-mails. so you can score it either way in terms of early voracity or not. >> it would also be great to pre-empt any real e-mails that came by casting doubt on whether they are real and then the election goes by before you're able to do it. i would do that. that's just a slam dunk for paul mary to say that. >> sounds like you should be advising vladimir putin. >> putin? no, no, no.

i'm saying that if you are in the clinton campaign and you knew there was potential for a real one to come out, you would say, you haven't admitted any of the other ones are real, so obviously it could cast doubt just in case it would come out on a monday. >> yeah, i think that is a fair assessment. >> admiral, we appreciate your perspective and time, as always. we look forward to seeing you again very soon. >> thank you, everybody. >> thanks. >> julian assange said it was not the russians. i guess we don't know whether to believe him or not. >> correct. >> he might be faking it. coming up, your election day forecast. a special report from the weather channel on what we can expect in the battleground states. i thought they were staying out of it? i thought they were going all calm music tomorrow. weather channel wasn't going to do any political stuff. that's a place where you can go if you don't want to -- >> a refuge. >> as we head to break, here's a quick check on what's happening in the european markets right now.

welcome back. u.s. equity futures are sharply higher. i haven't done the math, but at least a lot of the nine-day losing streak that the s&p had, the s&p, that would be back above 2100 if it were to end the day where it is. but it could be an interesting day. there's no reason not to think that in this election, why not? who knows what could come today? there's something just about every day or every other day. and it seems like -- >> the news cycle is 20 minutes long it feels like. >> it's really amazing. news breaking earlier this morning, janet reno has died from complications of parkinson's disease. she was the first woman to serve as u.s. attorney general. she was one of the most recognizable in bill clinton's administration serving eight years and she was 78. a 5.0 magnitude earthquake in central oklahoma damaged several buildings last night. the downtown area of energy hub cushing, oklahoma, was blocked

off and emergency workers are assessing the damage. parts of the area were without power for two hours. no life-threatening injuries were reported. a spokesperson for the oklahoma corporation commission says they have been in contact with pipeline contractors and there are no immediate reports of problems this morning. time now for the executive edge as we look at the weather forecast for tomorrow in the battleground states. here's jen carfagno with a special report. >> on this election day we'll have one front that will make a difference when it comes to the weather. that will stretch from the great lakes back down into the southern plains into the mississippi valley. on the east, we've got high pressure. in the west, a lot of the west is going to see high pressure and dry conditions. and actually fairly nice weather. let's focus on north carolina, looking at some good weather conditions out here from morning to afternoon. temperatures will be very comfortable. warming up above average into the upper 60s to near 70. let's go to ohio. this is where we have that front tracking in. it moves in by the end of the day. so early voters will have dry conditions. end of the day, there will be rain out there.

temperatures still toppling out above average in the mid to upper 60s. continuing to watch for mainly dry weather, though. look at the southwest, we have temperatures warm in arizona, phoenix hitting 89 degrees. a little windy near tucson, but dry conditions. and in florida, we will be watching for dry conditions with temperatures hitting the mid to upper 70s or even low 80s across the state. no rain expected. that's your election day forecast. i'm jen carfagno. back to you. >> all right. cast your ballot and treat yourself. a number of national brands are offering freebies on election day. showing your "i voted" sticker can earn you a free donut at krispy kreme and give you one day free access to gold's gym to work off the donut. 7-eleven is offering free coffee. and free rides to the polls from 6:00 to 10:00 p.m. as part of the drive the vote campaign. andrew, i have seen uber in action. got a lot of potential.

>> oh, yeah? >> was this a first time for you? >> i didn't use it. i watched my daughter use it. i had to check out the driver to make sure it was going to be okay. but we were watching the little car on her iphone, like driving around our neighborhood, earn it came driving right up. and i was watching it. and then, you know, it came right away. a very nice gentleman. and then when she got exactly where she was going, she knew exactly when she was going to get there. and it is so much better than calling a cab, hoping the cab will come. i mean -- >> a convert! >> it's a reason it is worth $40 billion. it's a really good idea. that application is something. >> and this was the first time you used it. >> i didn't use it. i watched someone. >> your daughter used it for the first time. >> she's been using it quite a bit. >> this is the first time you have engaged. >> right. >> to see what it was. >> no, i went to it to make sure the guy -- she was coming into the city. so -- >> isn't it fantastic? it's so fantastic. i love it. and it works all over the world.

you land, nearly any country in the world, and there it is. >> i'm a big fan. >> you don't have to worry about speaking the local language. >> this company has potential. >> you think so? >> glad you noticed. >>bly t by the way, instead of checking out the driver, he had a 4.8 rating. >> you don't want it too high because that means they're new. >> what you want to do, if you can be, is somehow, if you are using it enough, if you can become an uber vip, then you can set yourself up so you only get the 4.8 to 4.9 drivers. but not the new drivers, the ones that have to have been there for like a year at that rating. >> they have to have a certain number of rating. >> she has a 5. >> how do you know she has a 5? >> do we not know that? >> you can look it up. >> i told you, i have a lower rating. >> i bet i do, too. >> like, everyone, she's like, i had the nicest uber -- and they talk. >> i talk to my uber drivers all

the time and ask them who they are voting for. >> that's nice. all right. meanwhile, speaking of uber, the average -- just mark my words, this company is going places. the average price of gasoline rose by about a penny a gallon over the past two weeks. and the national average is now 2.26. analysts say the increase is partially due to a gas tax. don't get mad about it. that's in new jersey. and this is -- >> so mad. >> it's lagging there, too. oil is over $50 and it finally came around. but it's gone back down. >> at least they still pump it for you in new jersey. >> i know. and there's a lot of reasons to move to new jersey. >> a lot of reasons. >> do you own a car? >> proudly no. >> no. >> proudly no. yeah. i rely on uber: marvel's new superhero film "dr. strange" dominating the weekend bringing in $85 million in the opening weekend. it is the 14th marvel film to

open at number one at the box office. and family-friendly film "trolls" took second place with just under $46 million. not referring to the trolls that are on twitter. the dreamworks picture featuring the voices of justin timberlake and anna kendrick. so we didn't see either of those films this weekend. >> i love the benedict come we arebatch. >> i did see the latest season of "the fall." we have been following this on netflix. >> we are all caught up on "game of thrones." is it good to? >> so far the first episode is not doing it for the sorkin family. >> i'm not caught up on that. but i'm caught up on "bloodline." did you see the finale? >> no, i'm still behind. >> crazy stuff happening. crazy stuff happening there, sork sorkin. stuff you weren't expecting, really. >> i'll have to -- good tease. coming up, u.s. equity futures are sharply higher this morning following yesterday's announcement that the fbi would not recommend criminal charges

against hillary clinton. the biggest pre-market movers straight ahead. on "squawk box" the president and ceo of the aspen institute walter isaacson weighs in on the election madness. plus, donald trump's campaign manager kellyanne conway will join the "squawk" team with less than 24 hours to go before america makes its big decision. "squawk" returns in just a moment. this car is traveling over 200 miles per hour. to win, every millisecond matters. both on the track and thousands of miles away. with the help of at&t, red bull racing can share critical information about every inch of the car from virtually anywhere. brakes are getting warm. confirmed, daniel you need to cool your brakes. understood, brake bias back 2 clicks. giving them the agility to have speed & precision. because no one knows & like at&t.

the democratic presidential nominee. you should probably do something today betting against what is conceived to be the census outcome, right.

>> i have the trade on now. >> it's a little more traditional investment trade. >> the way i am positioning a potential trump trade, and it's a shorti is, we cover this stuf on another segment of cnbc, and the implied volatility is the highest it has been in five years, so i am short that volatility combined with a bearish out look, which is selling calls. it's a little more advanced than what we talk about on. >> people are paying big money than to bet on the peso. >> the calls are expensive, you say? >> as implied volatility goes up, and traditionally the implied volatility is 10 to 20%.

>> the outcome could be much more expensive if you are on the wrong side of the trade. >> i am selling the calls, which could be a bearish trade, so i kind of had the trade on. >> i have long financials, too. maybe trump wins here. >> i think dodd frank will come apart. either way i think we will benefit from interest in trades. i think the fed probably will increase interest rates to prove their autonomy following this beating they have taken. >> does the converse work? in other words, the consensus is, hillary wins the white house and the republicans have the white house and the senate, who knows, and that means you still have a gridlock. if you go long the financials for a donald trump win? >> i pray -- the market has been

so tight over the last four or five months, i pray we just -- i don't know what is going to happen but i am afraid gridlock will be more of the same. >> the polls don't suggest at all a democratic sweep. >> if -- oh, my god. if democrats took it across, i mean, i -- >> when his polls were so bad and his were rising, and that's when the markets were perhapses the most frightened, -- >> i am really side stepping in a directional bet, and you just have to stay long volatility. >> thanks. >> thanks, michelle. in the meantime, we have a huge lineup still ahead, david

tepper will join us, and kellyanne conway is going to join us, and we'll be back in a minute. ♪jake reese, "day to feel alive"♪ ♪jake reese, "day to feel alive"♪

♪jake reese, "day to feel alive"♪

markets reacting positively to the news that the fbi says there are no grounds for prosecuting hillary clinton. we'll get you up to speed to what you need to know before the election. guest host here to react to it all.

>> and why facebook is the real winner of the 2016 presidential election, as the second hour of "squawk box" begins right now. ♪ ♪ >> announcer: live from new york where business never sleeps, this is "squawk box." >> welcome back to "squawk box" here on cnbc. in the studio this morning, the ceo of the alpine -- alpine institute? how about the -- >> that's a car company. >> you are going to move me. >> it's nice to see you from the aspen institute. my bad. walter isaacson is here with us this morning. take a look at futures.

they are surging this morning, perhaps depending on your politics, perhaps on the back of the new fbi report that came out yesterday afternoon, dow jones will open up higher. >> futures are sharply higher meaning the s&p 500 could be on track to break its first 93-d 93-day -- nine-day losing streak. voters in philadelphia might have an easier time getting to the polls tomorrow. the union representing 4700 transportation workers reached a settlement ending a nearly week-long strike. a pipeline that exploded in alabama last week is back up.

janet reno died early this morning from complications of parkinson's disease. she served for quite a while in the bill clinton administration and she was 78 years old. the futures are jumping after the fbi cleared hillary clinton after the use of a private server. james comey informed congress in a letter that the agency had not changed its conclusions, and it said it did not find evidence to support criminal charges over clinton's use in a private server. they are sharply higher, and many are attributing it to the decision by comey to send that letter yesterday. and we have seen a spike in the mexican peso, and the dollar over every other currency is much stronger.

and when are you going to bring the guy in charge of unmanaged investments? >> i have to go back to citi and tell them to change my title. you are right. >> all of them are managed, right? >> that's correct. >> does the reaction to the markets make sense to you in response to the comey letter? >> it does. following the election, it has been a giant features market on what is going to happen and it does make direct correlation, but i think at the end of the day that's not what investors are really focusing on right now. if you take a look, last two months people have been putting money to work. >> he got the wrong job. the head of unmanaged investments -- no, no, people call up and go, i don't know, what do you want from me? what do you want from me?

i am not managing this. you are losing your money? does a guy get paid to do that? >> i like the managed investments -- >> you got to risk with the other one. it's not my problem, and i am not managing this. >> i grew up in a responsible family and i want it. >> let me know if the other job opens up. >> yeah, i think there's plenty of people coming up with trades and that's not with my job. >> can the outcome of the election do anything permanent to the protectory of stocks? >> yes, what policy comes out of the beginning of next year. more of the same argument is not

entirely true in the clinton win because there are industries that i think will benefit and those that will not and the global policy changes will clearly change the mix of where people should be investing, so clinton's win is pro for the american markets, for example. >> should you wait until the day after the election to deploy capital? >> we deploy it over time. >> i have $10,000 yesterday -- >> you would put it to work already. and it's due to the fact there will be certainty and we will know what policy is and there will be plenty of people willing to buy if trump wins and there will be a continuity stability as a good entry point. the markets in general will move higher after the election, if you look a week out and months after that. you will have the correction.

if you look back at the data over the course of the last six presidents, obama and reagan went down and then back four to 5% later, and the answer is the election will be a fine point where we will be done to that, and then go back to the fundamental fundamentals. >> and then we focus on the fed? >> yeah, and it will put certainty on the fact that there's growth in excess of what we expected and we will be adding to our cushion, and the event rates rise, and it will be good for the stock market. >> you say focus on the fundamentals, and that's really the good news. you are saying in the end it's a strong economy, that all of this angst we have gone through in the past month, we should, if we are making bets now and get our

$10,000 like michelle, the u.s. is going to do fine? >> that's right. and now you will have an emerging market pick up as well. >> if hillary clinton wins? >> that's correct. >> in general, that clarity, in other words having the election behind us and looking at the fundamental data, like the wage data we saw coming out this week, it will be good for the economy and consumer as well. >> how strong do you think the numbers were? >> are you talking about the inflation numbers? >> the wage growth. >> sorry. yeah. >> if you drew a line through them you would see the trend is moving up through the right. so you are seeing some growth. the strength of america argument and one where you could have the longest potential post recession recovery in history, and that looks -- the data suggested that was the case and why the fed

acting makes sense. >> i am trying to make everybody feel better that this is not the end of the world here. >> for the last four months, at citi, investors put a billion per month for the previous 12 months before that, up and down and it reminds me of the first six months of 2015. not that clients are smart or not smart but they only invest when there's sufficient data. >> they are with a tilt toward the u.s. >> and they believe we will have the longest sustained economic recovery? >> yes. >> go back to managing your investments, david? >> i will change that title, and if i come back and say that again and again, eventually they will toss it. >> would you ever say the opposite -- if you wouldn't say the opposite, then the adjective

is unnecessary. >> i think you are absolutely right. >> there i go, driving citi policy. when we return a. special your money your vote fed survey, and later in the program, we're going to hear from david at the point tepper straight ahead. is happening before our eyes. shift in human history sixty to seventy million people are moving to cities every year. at pgim we help investors see the implications of long term megatrends like the prime time of urban expansion, pinpointing opportunities to capture alpha in real estate, infrastructure and emerging markets. partner with pgim the global investment management

businesses of prudential. live tomorrow, we'll be wherever the action is with instant access, a unique perspective and the fight for control of congress from all of the key states.

cnbc will track results in real time, and breaking down how your money is reacting to your vote. your

welcome back to "squawk box." the futures right now are indicated sharply higher. up 230 points on the dow, and the s&p indicated up and the nasdaq up. if we were down today, and it certainly doesn't look like, and i can think of horrible and average scenarios that you could end the day down perhaps, and that would be -- how long is that? >> ten days. >> it goes back even further than the nine -- like 40 years or something. no, it goes back to prehistoric time. >> predepression. >> it goes back a ways.

>> with one day to go before the election, steve liesman is here, and walter isaacson is also here. >> we went back in the field one more time since the e-mail scandal erupted or whatever you want to call it, and see if wall street view has changed and it didn't, and 78% of the respondents think hillary clinton is likely to win. and who would be best for the economy? trump continues to hold a lead although it's narrower, 47-44, and who would be best for stocks? 69% say clinton and that has been a dichotomy we have had throughout the poll. trump has been seen best for the economy and clinton for the

stocks. which candidate do you want to win? we have not asked this until now. 46% say clinton and 23% say trump. what is significant here, back in 2012, not this group but our fed survey showed they wanted romney to win, so they are not with the republican candidate for here. >> 17% don't know. that sounds high to me. >> our all america poll of people around the country had a large don't know in it as well, and some of the don't knows have broken and republicans seem to have come home which is one thing that helped donald trump. and this is also fascinating, folks, when we look at the best economic policies by issue, trump wins on taxes and business regulation and a slight edge on jobs and then trade and budget deficits both go to hillary

clinton. i guess one can assume it's those two issues, trade and budget deficits, and when you look at the chart with trump on taxes and regulation, but still don't want trump to be president. >> why didn't donald trump decide to some extent to court the business community more instead of going to the populous direction that he did? >> i think what all the polls that i have seen -- we have done this over several months, donald trump could have and should have had this group. i don't know that it matters for the election. i don't know when you have elite businessman jurors and economists and et cetera, if that matters for the popular vote. he obviously had an idea of how to win the election. >> she has twice the number, but if you add up the don't knows and the johnson --

>> fair enough. >> so they don't want her either. >> you can do the math that way or say why isn't this group 60/40 for trump, which is what it should be. >> nobody is above 50. you can't even get a majority. >> fair enough. when i think about the idea if donald trump comes forward with not a $6 trillion tax plan but a $3 trillion one -- >> if you look at close that 46 is to all of what we see in the polls. >> fair enough. and it goes back to your conversation with john harewood in the 6:00 hour about uneducated whites, and it's a group that should be in the republican column. >> i think you can't capture both. part of his appeal is he is not capturing that group. had he been capturing that group -- >> it's a matter of style, and it's -- it's not clear what -- i

don't think you need to go out and get the populist vote. if you have to go after every elite group out there, and can you win an election without any of the elites on your side? did he have to make everybody an enemy? that's the question i had. and could have had the liberal media but not the entire media the way he painted the entire media, and he could have held on to certain groups. there's a three-hour show in the morning dominated by a conservative person. >> look, it's the most popular -- >> walter, walter, joe is not a member of the media. >> add up the three -- no, no, no, you add up the three major networks, and then add cnn and msnbc. >> and one of the interesting

things that happened today -- >> the only reason that we can even have any comparison is it's like fox, which is -- >> i am saying the media is more diverse than it used to be. why has "the wall street journal" editorial page and the new york post not endorsed. >> they have not endorsed anybody since 1928. >> there are many republican newspapers that typically endorse. >> there's am diverse world out there, and -- >> everything i have seen from the national polls we do to this poll suggests -- look, if donald trump does not win the presidency it's because of donald trump and the campaign he ran. that's what strikes me. there were numerous ways that strikes me that he could have gotten groups like this, groups in the national polls that he could have gotten, but he didn't. andrew's idea is there was no way to do both. >> i think it's difficult to do

both. >> before he was a glimmer in the eye, and you said if he wins the gold house would he gold plate the roof. >> it was a joke, joe. you never let me live that down and it was a partisan expression. >> we finally didn't want him on tuesdays, and we thought it might not be great for the network, and that's just after he announced. >> on the deficit, i don't quite get why he proposed policies, including not shrinking entitlements or getting a grip on entitlements that would not tackle the deficit. i would have thought he would have tackled the deficit. >> i sort of understand that. you don't have to tackle the deficit unless you have to. entitlements was not a major issue, when you look at the national polls and ask what the issues are, budget deficits are

way down, and the foundations are upset about this as are the -- >> the argument is if you grow the economy enough the deficits -- >> politically you don't need to address it is my point. >> i am looking at these numbers -- >> here's the problem with what you are saying. the extent to with which he went to propose tax cuts and cutting federal spending, when the criticism came out of his tax plan, it came entirely from the -- not entirely, it came loudly from the republican side, and he didn't have to do that. instead of $6 trillion, all he needed to do was establish himself to cut taxes and reduce spending, instead it's 4, 5, 6% growth, and it was a mockery on the side of the republican economists.

>> how often would you see a chart like we have here like republican fund managers -- >> they are not all republican, but they tend to skew republican. >> and they say the republican candidate is far worse on the issue than the democratic issue? i bet that never has happened. >> we have never gone into this kind of detail. >> it's waoeu -- it's why the tea party exists right there. >> all republicans think that w., the tax cuts not paid for and he blew it out, and right now in the period that we are in when the entire world is craving any inflation at all it's a time when you do blow it out and try to worry about growth now, and worry about that stuff later. >> that's not what he is

proposing. >> the survey here, he would be worse. >> he wanted to spend money like crazy on infrastructure, right? >> i have to deal with the disdents by saying, what is good for stocks is not good for the economy. we asked people about how they would change their forecast for the dow jones industrial, not immediately after the election and it's in 2017 and it's negative is trump wins. >> the simpson thing that was all about reducing the debt, do you remember that? >> it was about everybody coming together. >> it was getting rid of entitlements, and raising taxes -- >> and working together. >> it was more than that.

that whole simpson-bowles thing was getting rid of the debt and the deficit. that was the whole story. >> that was a big part of it. >> a huge component of it. >> every business was talking about how that was a way forward. >> the big premise is crony capitalism is as bad for an economy as socialism. a lot of these people are charter members -- not these guys, but a lot of ceos, and a lot of these guys are part of the swamp flushing that appeals to certain people in washington, the k street, and all the corporate influence, and the corporate greed and lobbying, that's all part of it. >> that's crony capitalism. >> and it's good that that sentiment arose. >> you start staring down the wall of a much higher interest rate. and robert murray will be

here to discuss donald trump's biggest fan. a programming note, the special election coverage begins at 7:00 p.m. tuesday. "squawk box" will be right back.

♪ we're drowning in information. where, in all of this, is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you don't. you partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. morgan stanley.

will your business be ready when growth presents itself? american express open cards can help you take on a new job, or fill a big order or expand your office and take on whatever comes next. find out how american express cards and services can help prepare you for growth at open.com. coming up, murray energy and

we discuss the future of the coal industry. the dow would open higher by 223 points today. don't move. t drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances.

welcome back to "squawk box." among the stories front and center, volkswagen may be finding itself in more trouble according to dow jones. they discovered emissions cheating software, and google parent alphabet expressed an investment in snapchat. wall street bonuses are expected to fall for the second straight year, and that's according to an annual study by johnson associates. the average price of

gasoline rose by about a penny a gallon over the last two weeks. the national average is now $2.26, and the increase is due to a gas hike that was implemented in new jersey. and just hours before one of the most anticipated presidential elections in history, and stumped on the outcome on hedge funds. what do you think? >> andrew, i spoke to a number of hedge fund managers on friday and over the weekend and they are at a loss over what to do. it's trump that is befuddling them over clinton in terms of who wins, and on the clinton side the consensus is that will be good for the market through the end of the year, and people want a good entry point to make up loss ground because it has been a tough year for hedge fund

p performance, and it's drug stocks that could suffer, and gold, people are not short gold around clinton but they are neutral, but not long. on the trump side, short term bearish on the market, and some people are shorting the market right now as a hedge to prepare for a possible trump victory, and others just waiting for the outcome and will buy on a dip if they have the opportunity after that. and of course he has not said the same things around drug prices, and long goal is an increasely position, and hedge funds net long positions as they are growing in size. and generally the hedge funds are telling me they don't know what is going to happen if trump wins and it's too hard to predict. if he is anti-china and current trade policies does that affect the big box retailer importing goods from china, and he doesn't

like the hawkishness of the defense stock, and nobody knows what he is going to do, so they don't want to trade it. >> do you think -- well, we are going to hear from mr. tepper in just a little bit, but is there anybody that is going to take a bath on this and somebody totally on the other side? >> we don't know the outcome. >> yeah, i know. >> brexit was never going to happen. no way. not happening, i'm telling you. >> i think to the extent people were betting on romaine and they got hurt, and in this case it's more murky. >> 95% on the brexit. >> people that think hillary clinton is going to win --

>> we all know about the electoral path. >> the brexit mentality here, and you see the rallies. tim kaine has three people waiting to get in. it's weird. >> i would vote for tim kaine. >> and he was talking about how difficult sit when you are investing the premiums and coming in, and he said, here's the thing, whoever thought the best hedge on brexit would have been long equities, like what you think is supposed to be the trade did not turn out to be the trade. >> just go long equities. america will be fine. >> i think that's probably the consensus view, if anything, walter. some people put more into cash, and i said are you waiting on the sidelines because you are worried about the risk of being

wrong about what will happen even if your political bet is right, and the guy said the stocks that we would layer into after the earning season we had and stocks that have more upside potential, for instance, were leery to adding to those, but it's not exactly that we are taking positions off and moving them into cash which is a more bold and directional move. >> the u.s. does okay with gridlock. >> buy the s&p 500 if you don't know what to do. >> they are not going to lose the house. and you have some guys, because of the country -- 50 really can't stand one and 50 can't stand the other, and that would embolden republicans to filibuster a supreme court justice, and obama has done fine, he got obamacare through, and every since then not a lot has happened. >> and our economy is doing

fine, and et cetera. i do think if you have a hillary clinton presidency, and a republican house, you will have some gridlock, but you will also have paul ryan haorb, who is a sensible person and hillary clinton, and america will be fine. >> i think paul ryan is fine if hillary clinton wins, and not if trump wins. >> up until yesterday he has been unwilling to say anything remotely -- >> you can't turn around and go to breakfast with hillary at the white house. >> he can turn around and go to breakfast with hillary at the white house, when the first woman president is elected and he is speaker of the house, and you can have -- >> wasn't that a movie? >> apart from clinton and trump, the worse possible outcome is a

virtual tie and has to be hashed out. i worked for you the last time that happened. >> yeah, i remember the last time. actually, i was at "time" magazine -- >> yeah, i was there, too. >> i was thinking cnn. i was down in texas with bush, and then gore in florida. at least we had a full supreme court then. this is where if your hedge fund manager, you could really start to worry, or if you are not a hedge fund manager like me, you could start to worry. what is florida is tied? >> it could happen. >> 269 and 269 is possible but then the house votes. >> the constitution -- >> ruth gator ginsberg would go have to recuse herself, right? >> she doesn't have to.

it's totally up to her, and she won't. >> she won't. >> i was trying to be optimistic. >> and a leader operating of coal mines in the u.s., and a donald trump supporter, and i think you heard a lot of this, and robert i don't know if it goes all the way back when we were talking about the -- i don't know if i would call it a conundrum, but the notion that a lot of business leaders are for hillary when trump has a lot of what typically would be supply-side ideas in terms of a lower corporate taxes and less regulation. you are a guy but you are in the coal business and you are backing trump. why are so many mainstream corporate types backing hillary if her -- >> i am not only in the coal business but before the election

of obama 52% of our electricity came from coal. trump has a policy of using all forms of energy to generate low-cost reliable electricity. electricity is a staple of life. that woman raising children on one income depends on low cost reliable electricity, and that couple relying on their nest egg, they must have low-cost electricity. today there are -- 40% of our families have an income of less than 1,6$1,643 a month and pay 17% of income for electricity. the poorest 25 million countries

in the country pay out 22%. why is hillary clinton going to be a disaster for these families is because she has no energy policy except play to pay and crony capitalism to those businessmen that you just referred to that manufacture windmills and solar panels in channel, why? because it's 26 cents per kilowatt hour, and it gets a 4 cent per kilowatt an hour tax credit. and warren buffett's exact words were, it doesn't make sense, windmills except for the tax credit. what has happened here is they paid the manufacturers of windmills and solar panels paid millions into the clinton foundation and into the clinton

campaign, and she has said, i'm going to build 500 million more solar panels at 26 cents per kilowatt hour, and she's pay to play, and that's what this is all about and people who deserve reliable low-cost electricity, particularly our poorest in the country are subsidizing the windmills and solar panels, and her only goal in her campaign is to repay those who have contributed to the clinton foundation and to her campaign. >> so you could be a single issue voter just on electricity and on energy policy, and we didn't talk trade and we didn't talk corporate tax reform, and we didn't talk less regulation in dodd frank, i don't know, and we did not talk any of that, and you would make your case on just 4 cents a kilowatt versus subsidies for the play to play

on 26 cents. >> i am not an expert on those things you mentioned but i am an expert on reliable low-cost energy in this country and what it will take to get it. we are paying out $14 billion for windmills. these poorest families i talked about, are paying out $13.8 billion just for windmills so the billionaires like styre and musk and buffet can all make their billions of dollars. it's a redistribution of wealth. it cost 26 cents per kilowatt average, and we are going to have a tragedy. people are going to freeze in the dark. >> i have a question for you, if you don't mind. what is causing the recent rise in coal prices? is it just china? >> it is not in the thermal coal

markets, 80% of the coal produced in the united states, sir, is thermal coal and those prices are not rising. >> but the australian coal is rising, right? >> there are two kinds of coal in the different market. thermal coal prices are not and others are rising, and when you take the multiplier affect it's 200,000 more jobs downstream since the election of obama, and that's 814,000 jobs in america that obama has destroyed, the greatest destroyer america has ever had and clinton has said i will expand, her words, on his policies. >> all right, mr. murray, thank you for your time this morning, and you feel strongly about that. you are one ceo against the mold of what we are hearing, that's for sure, and we appreciate it.

thank you. >> thank you. coming up, the election through the eyes of facebook and why the real winner of all of this is maybe facebook and mr. mark zuckerberg. at the top of the hour, david tepper is going to join us and talk to us in an exclusive interview with just 24 hours to go before the election, how he is playing the stock market and what he thinks may happen. "squawk box" returns in just a moment. ♪oh which way should i go? ♪home is where i want to be ♪home we love being green. so the nest learning thermostat connects to your phone, and learns what you like, to help you save energy. and that's something everyone can appreciate. ♪

we heard you got a job as a developer!!!!! its official, i work for ge!! what? wow... yeah! okay... guys, i'll be writing a new language for machines so planes, trains, even hospitals can work better. oh! sorry, i was trying to put it away... got it on the cake. so you're going to work on a train? not on a train...on "trains"! you're not gonna develop stuff anymore? no i am... do you know what ge is? what's going on here? i'm val, the orange money retirement squirrel from voya. we're putting away acorns. you know, to show the importance of saving for the future. so you're sort of like a spokes person? more of a spokes metaphor. get organized at voya.com.

i am benedict arnold, the infamous traitor. and i know a thing or two about trading. so i trade with e*trade, where true traders trade on a trademarked trade platform that has all the... get off the computer traitor! i won't. (cannon sound)

welcome back to "squawk box." we are officially in the home stretch of the presidential election. and now and joining us to talk is the tech columnist at the "wall street journal." you wrote a column titled how facebook is dominating the 2016 election. how much money are we talking about here? >> well, i mean, citi group projected it's more than a

million on the social media spend and that has been confirmed and this is the first election in which social media spend exceeds search. >> many is clinton money and not trump money? >> it's not clear. definitely trump's, you know, quote unquote ground game is pwoeug facebook so he hired a team out of texas and they were traditionally a digital ad team and they have been doing a lot for his campaign and the head of that team is the head of digital data operations. >> in terms of targeting people online, and when you say targeting people sounds weird, but when you say targeting people, what are people looking for and what are the tails, if you will? >> they segmented people by who they want to address, and some of the tells will be are you a gun owner or where you live. campaigns are looking for people who can be persuaded to vote who

may already be in their camp. >> i bet you if i knew somebody's play list i can tell you how you voted, and is it possible to know somebody's play list and target them? >> from data brokers, they have everything, they have our shopping history, and they know, you know, anytime that you have one of the store loyalty cards, all that is going into the data brokers, and they can infer a lot about you, are you married, divorced, and obviously -- >> i saw in the notes they have up to 5,000 data points about each of us, and is that counting every transaction? i didn't know there were 5,000 personal things to know about an individual. >> some are more on the digital grid than others. these data bases include information on every single voter in america and some of us

are leaving much bigger data trails than others, so definitely store transaction, histories. >> and a facebook user could look up how the facebook labeled them based on their history? >> yeah, facebook definitely knows your political leanings, and it knows your race. they recently had a controversy over people advertising to people based on race which is illegal if you are talking about real estate advertisements. >> do you think it should be illegal to approach people based on race? >> well, it's definitely illegal if you are approaching them based on race advertising an apartment or something like that. >> in the political realm? >> oh, in the political realm, should it be legal? that's a great question. i think it's less a legal

question than ethical question and of course the law follows our ethical discussions. >> always. >> yeah. >> if you go to facebook.com/ads/preferences, you can look up and figure out what facebook thinks you are. >> right. >> it's always been done when you have radio stations that appeal to whites, blacks, country music fans, and they have different ads and you cut ads differently than a latino station than a black one. this makes the segmenting of america easier and easier, and it's not a good thing and it's adds to the divisiveness. >> i think the bigger concern is that you can segment people so much that you can deliver messages that can be completely opposite in meaning to different groups of people. if you talk about we live in a hyperpartisan age, this gives

people the ability to indicator to that, and we should have long term discussions on democracy. >> what do you think about facebook's editorial approach which it has come under criticism for being on the left side of things? >> yeah, i think they addressed that successfully and the real issue is they are having a major spam problem in terms of news, and they are creating hundreds of sites of fake news and facebook doesn't have a mechanism to filter that. so there's a great deal of misinformation being filtered through facebook. >> yeah, i see it all the time. >> just watch fox. joke, joke. i am channeling you. >> and these people creating these things in macedonia, and

then people have to say, wait a minute, that's a fake story. >> it's the russians. >> and macedonia? i never blamed macedonia for anything before. >> fascinating stuff. >> what is funny but inappropriate, the new "vacation," did you see the re-make of it? he rents a car that has the top albanian technology and it's the top of the line in the whole albanian car market, and i never heard that albania was big on cars, and it has two gas tanks, and it has mirrors -- it's funny. >> i think you watch too many movies. >> are you insulting -- >> no. you have to watch it. it's the final hour -- you have

to love that. i guess it's stripper poles, because it's p-o-l-e-s, a typo, but we will talk to kellyanne conway. unlimited data because u have directv?? okay, just a few more steps... door! it's cool get the iphone 7 on us and unlimited data when you switch to at&t and have directv. will your business be ready when growth presents itself? american express open cards can help you take on a new job, or fill a big order

or expand your office and take on whatever comes next. find out how american express cards and services can help prepare you for growth at open.com. find out how american express cards and services for decades, investors have used a 60/40 stock and bond model, with little in alternatives. yet alternatives can tap opportunities that traditional assets can't. and even though they're called alternatives, they're actually designed to help meet very traditional goals. that's why invesco believes people should look past conventional models and make alternatives a core part of their portfolios. translation? goodbye 60/40, hello 50/30/20. ♪

coming up, david tepper poeupbz us for an exclusive interview. and kellyanne conway will be our

special guest. and squawk market master.

market alert. stocks around the country

rallying after the fbi says it won't bring charges against hillary clinton over the newly discovered e-mails. and david tepper straight ahead. 24 hours before heading to the polls, and we will talk to donald trump's campaign manager, kellyanne conway. ♪ ♪ >> announcer: live from the most powerful city in the word, new york, this is "squawk box." >> welcome back to "squawk box" here on cnbc. >> your middle name? >> saeff. >> walter isaacson, and formerly

known -- aspen is a current alpine elevation. >> yes, that is true, and the car service they use here is alpine, so they got it mixed up a bit. >> you have not taken a job there yet? >> at the car company. no, like any person of my generation, i try to do an uber thing where i have a second job. >> what is your middle name? >> allen. >> not interesting. >> larry allen cutlow, also a former adviser to the donald j. trump campaign. what is the "j"? >> i don't know. >> and donald john trump. >> thank you. >> james comey's middle name? >> b?

>> his middle name is bad. sorry. >> and james breen. >> i am joseph richard. i don't like to use that a lot because the initials are jrk. >> i just wrote a book about jfk. >> that's different, it's not jerk. go ahead, trolls, i opened myself up. that's fine. the dollar right now -- that's -- >> it's higher. >> the dollar has been strong. >> we added the peso to the bottom there. one currency stronger against the dollar because of the james comey letter yesterday. in corporate news, alphabet's capital is investing in snapchat but the company is not providing details.

and oracle is set to complete the takeover deal today. and then the financial firm also reporting a jump in its capital levels to 13.9%. online jewelry seller, blue nile being bought by bain, and that's a premium for blue nile shareholde shareholders. and david tepper calling in on the "squawk box" line this morning. and he's the founder and president of appear hraousa founder. boy, are things uncertain. good morning, david. >> good morning. how are you? >> great.

thank you. help us understand how you are setting yourselves up in terms of the historic election in terms of the bets you made and i know you recently said you were in cash but has that changed? >> yeah, it has changed a little bit. the market was around 2140, 2160 when we said that, and i think it went down a couple percents because the markets were scared of a democratic sweep, and then you went right into the e-mails and the trump rise and, you know, the market went down another couple percent, down to 2080 more or less. we thought if trump would win the markets would probably go to 2040 or something like that, and not a catastrophe, but that total would kind of drop. and if clinton -- you know, if

clinton wins with a republican house and, better yet, a republican senate, depending which that is, the market will probably be 2150, and the republican senate, higher, 2180 or something like that, and so you know, that's what we were doing. when we were saying caution, we were saying this market doesn't have a lot of upside but has more downside. as we went down to 2080 to tell you the truth, we became still cautious, but we got long a little bit. today we have to figure out if we have to trim it all, and these are dynamic, probabilities keep changing, and so that's how we were kind of playing it, you know, and definitely longer today than when we talked three weeks ago, and the markets were down, eight or nine, whatever days in a row now. i guess it was good to be

cautious. that's how we are lining up from a market perspective here, you know, navigating this thing. >> are you guys doing independent polling beyond all the public stuff? we keep reading about hedge funds so we can get particular data they are interested? >> listen, we look at all the betting odds, the 538, and all the different polling data, and, you know, that is out there and we try to track some of the senate races, and listen, it's a very hard election because it was noted this weekend, the latin surge versus the working class white surge, and those are a little bit different things, and how many democratic working class white folks, you know, turn and vote for trump, you know, surge in a latin population and how many traditional republican latin

people vote for hillary, and it's an incredible surge of people who are latin, latinos that historically vote, you know, democratic. listen, you know the numbers. >> so is that a yes or a no? you are not doing anything but following the stuff like we are? >> yeah, and i think we are following the other stuff and people are having a tough time market wise doing some of this stuff this time, because of what i am just talking about, because you can't go to traditional measures. remember, when you talk about modelling and that sort of stuff, there's no magic and looking at things that did, and if you model things and things change you will have it rough. panacea, models are no panacea, is that how you say that world? >> yes. >> and david, good morning, it's

larry -- >> by the way, my middle name is allen also. >> there we go. good to hear it. you are smarter than i am. on the models, i want to raise this because you are so right, and you talk to pollsters in both campaigns, by the way, there are two options and they don't know which is the right option, and there's the 2012 option and the 2014 option, and the 2014 option was a high turnout option electing republicans, and you mentioned the working class, white working class, and so forth, and you mentioned hispanics. and 2014, the white working class turned out big time and helped to elect the republican senate and 2012 african-americans strong for obama but there was not a great turnout at all for trump's base in 2012, in fact they did not turn out for mitt romney and that may have caused mitt the election, and my question is, how hard is it, i mean, can you

really gauge tuesday's numbers and can you bet on them with the stock market when they have basic assumptions for the models which are up in the air, and we are not going to know until tuesday night. >> listen, you can bet on it when it goes down it's closer to your downside and you can bet the other way when it's closer to the upside that you can get. i'm not that smart. i just know when i think the do you says 2040, and it's down to 20 -- if the markets are 2150 and i think the up said is 2180 and the downsize is 2040, i will sell and i don't have to be that smart to know that stuff and i am not that smart. but working class whites, listen, the smarter half of this population, of our population in the united states, you know, not just white women, but women -- i

was referring to women in general but white women are the smarter half, and there's a 13% -- clinton has a 13% lead in that supposedly by polling. it's a little dangerous to go with the white population, because whatever reason for whatever feelings, those are what is out there. >> david, you have given money to jeb bush and you historically leaned democratic, and i don't know if you have endorsed anybody publicly yet, and i don't think you have. do you want to do that now? >> yeah, why not. listen, i voted for -- i was a supporter of romney last time, and supported obama before that, and i am kind of an independent of sorts, i guess, and yeah, i was -- i kind of liked jeb early on but this was not the year for him, and look, i mean, i was -- i was open to trump, and this is me personally, so -- and, um,

but -- i don't, from my analysis, his economic stuff is very difficult and volatile to figure out, so if he does some trade immigration things he is talking about, horrible for the economy, tax and spending may be good for the economy, and that was that, and i personally think that you have two people who have judgment issues and such, but i got to tell you this weekend, i was listening to the tv and i couldn't take anymore, trump's wife was on tv and she introduced him as a giving, generous and charitable person, and i have to tell you something, you know, i do a lot of stuff in jersey for charities, you guys know that, for the food and pantries and trump has big operations, casinos and golf courses here, and i am on robin hood's board

in new york, and i have to tell you, during the financial crisis, during sandy, not one dime. not one dime. i know this firsthand. it's fact. not conjecture. fact. not one dime to one major food bank in jersey, and during sandy, the sandy big benefit, the 9/11 benefit, not one dime! not one dime! you can't tell me this is a charitable candidate for president, when you are living in these places and the people here and you are supposedly a multibillionaire, and not one dime! not one dime for people in the greatest hour of need! during sandy! during 9/11, even in new york, for robin hood in new york, and he might have done other things, and i have no idea about that, but nothing in jersey. >> is that your primary voting

reason, is that the single issue? >> no, i don't know who is lying or not lying, and who is doing this or the other, and i know this, this is fact, this is not conjecture, and not me guessing, this is fact. listen, one thing i do in my life, and it's called the voter roll and has nothing to do with investments and it says do unto others as you would have others do unto you, and that's not being done with trump, at least not on the good side. that's my up bringing and i can't help it and i can't take it anymore. when you lie about that stuff, you lie about fundamental beliefs, listen, trump masquerades as an angel of light but is the father of lies. >> are you worried about any criticism you might have faced from having moved from new jersey, and i am thinking part of the population would hear you, and say you wanted to pay

less in taxes so you went to florida? >> guess what i did yesterday in florida? guess what i did in florida? >> tell us. >> i was watching a football game with my mother, brother and sister, in my apartment in florida. you know why? because i live here. not my brother, he was visiting, but my brother and sister. i walked to work today in shorts and a t-shirt, am i not entitled to that, too. >> so for those that would criticize you, you would say it was not about taxes but the weather and family. >> it's about family and the weather. by the way, who said i totally cut my ties to jersey. i didn't cut my ties to jersey either. i still have an office in jersey, and i am one of the largest charity contributors in jersey. >> listen, buddy -- >> so to say that i totally ran

away from that state in some fashion to say that, not true. >> i believe in free choice. believe me, you have every right to live wherever the heck you want to live and i agree with that, and what i am wondering, just hearing your earlier discussion on stocks, and you have, as i heard it and correct me if i am wrong, you have a narrow range between a trump victory and hillary victory, and it's a narrow range which is interesting, and a lot of people as you know who think a trump victory is calamitous, and some think a hillary victory is calamitous, and you are giving me a narrow range that suggests because the senate will stay republican and it has, that actually the issue with respect to stock markets, who wins tomorrow night is not going to be a tidal wave, if you will, not that big a deal at least

initially? >> from a stock market look, everything -- if you get a trump victory, and i said this before, some of his -- i am not sure what policies he is going to do, he's a high volatility kind of candidate, and people say calamitous based on how the volatility runs and i think the models are wrong again because you have a high volatility on the economic policies for that candidate, and i think there's a possibility that his policies could be good economically, and on the other hand his policies could be calamitous on the other hand. the market is agnostic. it will take both probabilities and come down to something. those-somethings to me is 2040. if you want to say -- i know you are a free trader, and he builds walls and those sorts of things, and you would agree with me this

market is going down a lot, and if he doesn't do the anti-trade things and anti-immigrant things, the market could go up a lot. i don't know what he is going to do. you talk about calamity. this is a guy that has to remind himself on the podium to stay on message, and he talks to himself, stay on message, donald. stay on message. is he going to get in the oval office, and say don't press that red button, donald! it's making people nervous, larry, and that's economics. that's not good for me. >> other people might say that, you know, the other candidate is flawed in a certain way. it just occurred to me, and i have a running twitter feed, and you can imagine my followers -- >> did i say anything good about hillary? >> no, but -- >> did i say anything good about

hillary? >> is it better to not give anything to charity or better to amass hundreds of millions in public service and even some say use charity to line your own pockets with, you know, with pay to play or what is at least alleged? some people might think that not giving to charity is not as bad as using a public service or charity as a vehicle -- >> joe, i understand those arguments about growing wealth. i think i have grown wealth and given to charity, too, and i understand those arguments, i do, but there are sometimes when your neighbors are in bad straits, like in sandy, and you know i was up and down giving outma money cards. joe, you are over there and you have golf courses in jersey and you live in jersey, and there's a reason that trump -- listen,

there's a reason trump national, the first golf courses had erasers, and not talking about the character of anybody. there's a time of need. if your next door neighbor needs bread and they have nothing, you help your next door neighbor. >> i want to see donald trump take on bill clinton, and one will shoot 73 and one will shoot 72. >> true story, joe. listen, i never heard you are a golfer but never heard anything else about you golfing. >> that i am duffer. horrible. >> yeah, you had a hat on and i didn't recognize you. >> yeah, i know. >> what do you think of hillary clinton's economic policies? >> listen, if you are asking me about the democratic platform or what -- i don't like the democratic platform.

listen, i hope the house is republican and i hope the senate is republican, and i think the house is going to be 100% republican, 90, whatever it is right now, and the senate, i would like the senate to be republican, too, just as a check on some of the platform economic policies. hillary clinton will probably be to the right of her platform to the democratic platform, and i don't like some things in there and there's no question about it, and if you are going to ask me about hillary as a person and judgment, and i will tell you, of course she's a flawed person, no doubt about it, and is she smug, she is, and i can't take it, and i am from pittsburgh, now the barack obama high school in pittsburgh, my high school, and that's a reflection of my belief and as i said i was a big supporter of romney last time, but i am not going to stay here and say hillary clinton is in

any way, shape or form a saint. never going to say that or she has great economic policies. never going to say that. what i will say, listen, there's business investment that has not been done, and i think larry would agree with that given this election, and i think the status quo, and even better, hillary clinton who is probably to the right on obama, and that's going to piss off the bernie people, but it's true, and a republican senate and a republican house, i think it's a pretty good situation and i think they would do that, bring back the money, and if they -- >> yes, yes. >> and if both candidates want to do that, that would be good for america. >> that's a key point. now, david, that's a key point. if we get a republican senate and a republican house, okay, and i don't know who is going to win the presidential, but if you get a gop congress, and i am told the leaders, not by their

staff, the leaders themselves, the first order of business will be corporate tax reform for large and small businesses, and a 20% raise for what you were just talking about, and there may be a deal with respect to infrastructure spending and other things that a democratic president would want like hillary, but they are going to go for corporate tax reform and that's a plus no matter what happens in the short run, that's a big plus for the growth of the economy and the stock market in the medium to longer term. >> complete agreement. that's one of the reasons, too, larry, and that's why you have to look at these arrangements and -- ranges and what will happen. that's why we have the ranges and i hope this will lighten people for what they should look

at, and by the way, i am not saying -- with trump, and going back to trump if he does get elected, i think the value is different, but it could swing both ways depending on what his policies are. that's what both will do and that will be good for the country. >> you said you were open to trump, and i am curious, was it this weekend that finalized it for you? just to clarify, you clearly are against trump, and does that mean you are voting for hillary clinton? >> listen, at the beginning at the republican -- the republican primary, i was not happy with what stuff was said but was hoping there would be a turn, and there has not been a turn so i was pretty much for clinton recently. but this weekend, though, i can't even -- i could shake at

this, because i do believe in charities with what you are supposed to do in life, and when his wife introduced him as that person that i know is not correct, at least charitablecha wise, and i will vote for hillary clinton, but then republican down the ticket. clinton is my choice, and i have not been back and forth, and clinton is my choice and i am not going to pull choices but i will be down the ticket republican, and i think that combination is best for the country right now, least dangerous for the country right now. i hope that everybody can, you know -- these guys can work together at the end of the day, and somehow, i don't know if it's possible, we can all work together, and we are come into the holiday season, and i hope people, you know, can join hands

in some fashion no matter who wins this election, and you know, to do good for this country and try to bring this country together. that would be my greatest hope, and if i was going to say a prayer, that would be my prayer, too, i guess. >> david, we will take that message to the bank, and we appreciate your time and perspective this morning as always and look forward to talking to you again soon. >> thanks a lot, guys. good luck. bye-bye. coming up, the candidates are making their final stops on the campaign trail today in a last-ditch effort to get votes at the polls. "squawk box" will be right back. matters. d both on the track and thousands of miles away. with the help of at&t, red bull racing can share critical information about every inch of the car from virtually anywhere. brakes are getting warm. confirmed, daniel you need to cool your brakes. understood, brake bias back 2 clicks.

giving them the agility to have speed & precision. because no one knows & like at&t. okay, so you launched your bank's app. now what? how will you keep up with the new demands of today's digital economy? the fact is: some believe they won't need a traditional bank down the road, so at cognizant, we're helping banking and financial services companies think digital, be untraditional, and reimagine what the bank of the future can be.

our clients can now leverage customer intelligence to predict their financial needs and provide more contextualized products and services. we're creating new platforms across channels so customers can effortlessly invest, borrow, lend, transact-wherever-whenever they choose. and we're digitizing the way banks run, driving efficiencies and delivering new value for their customers in return. digital works for banking and financial services. lets talk about how digital works for your business. ♪

now to politics. did we ever leave it? polls suggest the historically close election and the red state of arizona still has a chance of turning blue. immigration, the nation's border with mexico and trade continues to be key issues for the people of arizona. cnbc's contessa brewer joins us from the border town of nogales. contessa? >> reporter: here at the border at the checkpoint, it's 90%

hispanic and the democratic party is so ingrained in voters here that in 2008 when john mccain was on the presidential ballot, santa cruz county went for barack obama 72% to 27%. however, it looks like the arizona party thinks it can win more hispanic support. for the first time the state gop established a headquarters here. and mike was a registered democrat until a little more than a year ago and now he is running as a republican for county supervisor, and he doesn't think trump's stand against trade and nafta will affect his business. >> if trump gets elected and puts a fee, i don't know, 20 or 30%, i will just be getting less of a profit, because mexican goods have a lot of profit, a

lot of margin. >> reporter: and he is not concerned about the promise to build a wall, nogales already has a fence. the unemployment rate is 12.6% and the business owners i talked to said their profits are off 20% from a year ago, due to tourism and the dropping peso, and they are hoping to win voters here. >> that's it, contessa. arizona, some great golf courses out there, contessa. >> the republican party used to own these states. >> reporter: i have so much time to golf. >> we talked about this earlier, and if any -- if nothing else, the language and the rhetoric has been so bad with respect to the hispanics, and not the cubans in south florida, that's a different issue.

but in florida, in north carolina, another one which trump has to win florida, and he has to win north carolina, and in arizona, which he has to win, in nevada, which he has to win, and in new mexico where the trump people are trying to pull out something, because of the lack of research and reach out and reach out and reform on the hispanics, and it's mexican and also central america, they are in trouble. they are in trouble. >> larry, what about building a wall? >> the african-american turnout looks to be lower this year, and that's negative for hillary, but the hispanic turnout, pollsters are telling me it looks to be higher, and that's a negative for trump. >> but he has more hispanic than romney? >> 27%, is there lower than that? >> let's talk to kellyanne

conway, and let's talk to her about the final push to get voters to the polls. she will get her take on the fbi director's conclusion again, and it's groundhog day on the clinton investigation, and as we head to break, take a look at u.s. equity futures.

this is my retirement. retiring retired tires. and i never get tired of it. are you entirely prepared to retire? plan your never tiring retiring retired tires retirement with e*trade. i'm in vests and as a vested investor in vests i invest with e*trade, where investors can investigate and invest in vests... or not in vests. sign up at etrade.com and get up to six hundred dollars.

we can't go back to the years of devastating cuts to public education. so vote yes on prop 55. prop 55 prevents $4 billion in new education cuts, without raising taxes on anyone, and with strict accountability. budget forecasts show if we don't pass prop 55 big cuts that hurt our kids are coming, and california will suffer budget deficits all over again. so vote yes on 55. because it helps our children thrive.

the candidates and their teams out in full force today making one last pitch to voters ahead of tomorrow's hotly contested presidential election. joining us now, donald trump's campaign manager, kellyanne conway. good to see you, and thank you for joining us. >> hi, joe. absolutely. >> i am keeping my twitter feed going to see if any news hits while we are talking like yesterday, and you never know, i will tell you the ibdtipp which had been tied or trump had been down, now today trump is back up, but i don't think it includes the groundhog day moment yesterday of james comey, again, saying no charges, and at this point he's up on ibd. what about the electoral map.

that's a problem, isn't it? >> no, the electoral map is much improved and you have heard people saying the race is over and the path is closed and we have six different routes and we are pursuing them all, and it's not a big mystery because you have seen where we have deployed our best, mike pence and trump, and we have clinton and her team on defense and we forced them back in places like michigan, pennsylvania, colorado, and the blue states that barack obama carried twice. by the way, he carried them with well over a comfortable 50% margin. she is nowhere near that. i said many times on your show and will say it again, she's never able to get to 50% and stay there in any of the key states. that's a troubling sign for something that represents the status quo, and on the eve of the election what will they learn about clinton where they

say i can look past the lies and deception and look past that she has an unremarkable senate record, and it's not happening. we are going to win this election. she is out there with beyonce, jay-z, and bruce springsteen, and trump is out there with the people. >> i mentioned the child rain thing a -- the child rape thing, and i wanted to do that since we are together. >> you are recanting. awesome. >> i also wanted to ask you about donald trump's comments in the wake of this new comey letter, you know, and he praised him originally and now says that this is all rigged all over again. is that fair? >> it's very fair, because the rigged system -- look, people did not think about corruption

and hillary clinton and lying and hillary clinton for the first time on october 28th, 2016. they have been thinking about it for quite a while. if that were not true this woman with tremendous advantages going into the election would be way ahead of us and she's simply not, and it's a jump ball and we are going to win. it says a lot about the corrupt system, and people feel in states like arizona and pennsylvania, the premiums are hurting people. >> and trump was talking about a rigged election not a rigged system? >> no, he is talking about many things, and it's a rigged and corrupt system and that's his argument, and he's talking to the forgotten man and woman, and just tens of thousands of people literal literal

literal literally pouring where he shows up. this matters, because the mow ten tupl and enthusiasm, any objective political analyst would say we own the momentum and enthusiasm and that's why you have team clinton out on the shows saying we already won the election because of the early vote. that's arrogant and inaccurate and robs people of their choice tomorrow at the ballot box. >> kellyanne, first of all, you have done a super human job here, and it will go down in the annals of history. and trump, you know me, i am a message guy and when donald is on message he wins. and we have a very influential and highly regarded management

investor just on, david tepper, and he carries a lot of weight in financial circles and he charged donald trump does not give to charities, and in particular he charged that post 9/11 and post the sandy hurricane, mr. trump was nowhere to be found and mr. tepper essentially said because of that, not only that, but mainly, he was voting for hillary clinton even though he will go gop on the down ticket. kellyanne, can you respond to this charge that mr. trump did not give any money to charity regarding these crisis and elsewhere? >> mr. trump has been very generous with his time and money over a number of decades, larry. i witnessed it firsthand. i think it's a disappointing analysis and he is able to vote how he wants, and if he is voting for hillary clinton, what does that entail?

she is voting for somebody that said they were dead broke and now not, and how did they do it? they used the state department. and bill clinton inc, he got tens of millions from countries, and mr. tepper you are voting for a woman that has a foundation that takes -- >> with the greatest respect and love -- you know this about me. >> uh-oh. >> i think you need to deal with the specifics on trump. i understand the clinton corruption. 100%. i am with you on and no question about it.

but tepper's charge is he is not philanthropic. >> that's not true. >> can you rebut that or will the campaign rebut it with figures. >> i am not rebutting it right now. it's not fair or true. >> more than 400 khaeurcharitie they have went one by one through each of them, and between 2008 and this may when trump made good on a pledge to give $1 million, it's just one personal gift from trump's own pocket. >> he's a very generous man. i have seen him write checks and i have been there when he is writing checks to people, and the fact is the idea that somebody who made such a tremendous sacrifice to run for president, basically a huge sacrifice, didn't need the money or fame or power or status, and you have a lot of deals that didn't get done, i am sure, in the trump corporation because the guy at the top is running for president.

those are tremendous sacrifices and he has been incredibly generous and he doesn't talk about it but he has been able to connect people with resources and opportunity and to help them give a hand over time, and it's important that people look at that. it's just the idea that we are ever going to equate the trump foundation to the clinton foundation. >> sorry to interrupt, but we are running out of time. if you read the newspapers over the weekend, the latino surge is problematic and some people have written off the state of nevada already. >> nevada. >> what do you say to that? >> we were written off for the whole map two weeks ago, so you can't blame the trump campaign if we don't listen to people who say we can't win. in nevada, we need to be five or six points on the day of to make up for some, and we are very

bolstered by what we see. we are ahead of where governor romney was in florida and north carolina and ohio and iowa, for example, in the early vote, and states like pennsylvania and new hampshire where it's all day of voting except for absentee, so we are energized the polls are tightening in states where you have early voting. we are competing in nevada. mr. trump was there again and governor pence was there, and we expand that map in the rocky mountain states to include colorado, and new mexico, and arizona, and in the midwest, we are dip into wisconsin and michigan and pennsylvania as well as minnesota yesterday. we are excited about the prospects. we invested millions of dollars along with the rnc with the absentee early voting program. >> you know hillary's schedule, is she going to michigan? >> yeah, the woman who was going to turn texas blue -- >> that's weird. >> michigan? >> yeah, it's called follow the

leader. >> that's weird. >> good luck, kellyanne. >> thank you, thank you all. thank you for the platform. thank you. coming up, futures pointing higher on wall street ahead of the election day tomorrow. and mohamed el-erian joints us right after the break. we'll be right back.

so what's your news? i got a job! i'll be programming at ge. oh i got a job too, at zazzies. (friends gasp) the app where you put fruit hats on animals? i love that! guys, i'll be writing code that helps machines communicate. (interrupting) i just zazzied you. (phone vibrates) look at it! (friends giggle) i can do dogs, hamsters, guinea pigs... you name it. i'm going to transform the way the world works. (proudly) i programmed that hat. and i can do casaba melons. i'll be helping turbines power cities. i put a turbine on a cat. (friends ooh and ahh) i can make hospitals run more efficiently... this isn't a competition!

welcome back to "squawk box." joining us now, mohamed el-erian, a chief economic adviser. good to have you here. >> thank you.

>> you know what the consensus is, many think hillary has the edge electoral, and it's possible that donald trump scores an upset. how do you prepare yourself in the markets for thatespecially t happened with brexit? >> i think you have to be a little cautious, and you have to have cash and you heard david tepper say you have to be able to respond to markets, and these are very difficult to predict circumstances. i think what the market is expecting is that clinton wins but importantly that congress remains gridlocked and it's that combination that the market is comfortable about. anything else you will see quite a reaction on wednesday morning. >> what would you do in that? let's say all three houses and all three arms of government are controlled by government, and if donald trump wins the white house and the assumption is the

senate goes along too, and the other assumption is the market would sink like a stone, and would you buy that dip? >> if you get a sweep, republican or democratic, the market would open lower and you would have buying opportunities, and we have seen it already, the most popular names will sell off than what the fundamentals would react, and i would caution about the brexit argument, and the brexit argument is go in there immediately because it will bounce back fully. be careful. this is a little different. the u.s. is more important than that. >> let me just pursue this. nobody knows what is going to happen tomorrow night. suppose it's a three-house republican sweep and they have a lot of pro growth policies on

taxes and regulations and obamacare and i know there are issues on trade, but the way i look at it it would be the obama/pence ryan operation and i think that's bullish and therefore i would buy any trump dip, obama, pence, ryan, leading players in washington. >> why obama? >> i'm sorry, did i say obama? >> freudian. >> it was freudian. i meant -- >> trump. >> trump. trump, pence, ryan. sounds sensible, sounds pro-growth, sounds limited government. i stand corrected by walter, it is trump. but why wouldn't you buy a trump dip? i think that's bullish as hell for the next five, ten years in terms of growth, profits, productivity, whatever. >> because, larry, you've assumed away the one issue where you and i are united on, which is that mr. trump's trade policy would be very disruptive both for u.s. growth and global growth. >> yeah. >> so if you assume it away,

that's one approach, but can you really assume it away. >> well, i got pence and ryan on that ticket. that's what i'm saying. i got trump, yes. i have space between donald and myself on trade, absolutely. you are correct. i'm a free trader. but you got pence. and you got paul ryan. >> right. >> i don't think they're going to let anything on hand get out of trade. >> walter will tell you the u.s. president has enormous power on trade. >> that's true. >> so that's why people are nervous about the trade element of mr. trump's policies. as you are, larry. >> and i would it would unnerve global markets too. >> i've said my peace. >> all right. thank you, mohamed. >> thank you. >> when we return, guys, we'll see our friend jim cramer at the new york stock exchange. we'll get his take on today's market moves and of course the election. we're back in just a moment. whether it's bringing cutting-edge wifi to 35,000 fans...

or keeping a hotel's guests connected. businesses count on communication, and communication counts on centurylink. hey, jesse. who are you? i'm vern, the orange money retirement rabbit from voya. orange money represents the money you put away for retirement. over time, your money could multiply. hello, all of you. get organized at voya.com.

let's get down to the new york stock exchange where jim cramer joins us now. all right, jim, i can see it on your face, you're actually let down a little when there aren't as many corporate numbers coming up, aren't you? like life is a little bit not

quite as interesting. and i'm sorry about the -- i was at that game and i actually was thinking about you, but i was glad the giants held on. condolences. >> well, i think when you have an interception with a minute left, you have to win those games. that's what the real good teams do. >> were you there, jim? >> no. >> i was looking for you. >> i went down to washington and watched that loss. at a certain point you say, okay, look, i'm going to try to focus on some other things that are more positive, like the election. [ laughter ] no, it's true. i'm watching mgm and just thinking, wow, jim muren did a great job in that quarter. i know there will come an election and when the election's over we'll be looking at how these companies do. the only thing left after that is contested election or the federal reserve's meeting and i'm looking at things like the bank stocks doing quite well, i'm looking at some of these tech stocks doing quite well and china doing better. and i'm trying to envision a world where exactly you guys

talked about if we get a big dip do you buy or not and my inclination is you buy a big dip. health care is the one problem. >> jimmy, do you buy the argument that profits have bottomed and are coming back? >> i think a lot of the international profits are getting much better. i'm of the camp, larry, that says if you look closely at what's happening in europe, latin mes latin america, china, things are getting better. i think there's been a big freeze just because we have uncertainty. but i'm quite bullish post election. we got to get through the election because then we can talk about the things i like to talk about. i tell you when health care is bad and everything else is good, i can accept that. >> all right, jimbo, i hear the music. >> good to see you guys. >> three and a half minutes we'll be back to you. as we head to break here's a quick programming note. don't miss cnbc's special election night coverage tomorrow

night starting at 7:00 eastern. even michelle caruso-cabrera going on that. >> i'm shocked. >> and larry kudlow. what i love most about tempur-pedic mattresses... is that they contour to your body. it keeps us comfortable and asleep at night. shop our biggest event of the year, including all tempur-pedic mattresses. save up to $600, now thru november 29th.

get your tempur-pedic. the most highly recommended bed in america. what are you doing? getting your quarter back. fountains don't earn interest, david. you know i work at ally. i was being romantic. you know what i find romantic? a robust annual percentage yield that's what i find romantic. this is literally throwing your money away. i think it's over there. that way? yeah, a little further up. what year was that quarter? what year is that one? '98 that's the one. you got it! nothing stops us from doing right by our customers. ally. do it right. let's get out of that water.

we want to thank two people who've been with us for most of the show. walter isaacson.

>> thank you, andrew. >> i was going to say from alpine -- i was going to say aspen. we were joking before. and larry kudlow, the great larry kudlow, much more of you in the next few hours. >> thank you. >> and i'll see you on wednesday -- >> thursday. >> yeah, big conference. yeah, hang out. >> you get a big discount. >> and larry has a new book out looking forward to that. >> thank you, walter. >> make sure you join us tomorrow. "squawk on the street" is next. ♪ good monday morning. welcome to "squawk on the street." i'm carl quintanilla with jim cramer, david faber at the new york stock exchange. one day until the election. futures are sharply higher on news over the weekend. james comey telling congress there is no change to the fbi's conclusion regarding hillary clinton. europe with some gains o