morgan stanley breaking news. america takes to the polls across the country. voters are still lining up to cast these ballots in this historic and unpredictable election. we are here tonight to tell you what that means for your money. to do that, we've got full team coverage with reporters in all of the battleground states across the country, ready to bring you the latest breaking details. and we start with where hillary clinton and donald trump will end what seemed like the longest campaign ever. eamon javers inside theoffette center in new york city where hillary clinton could be celebrating a win later tonight. and scott wapner at the hilton

midtown where trump plans to celebrate as well. eamon, let's start with you. what's the mood inside the camp clinton? >> well, i'll tell you what. there is a crush of media here. people from all over the world covering this event here tonight. and a huge line getting in here. security very tight here at theoffette center as i'm sure it is throughout the rest of new york city. let me give you a tour here. you can see what they have planned for this evening. this is an enormous stage. we've got risers up there for folks to sit. we've got a podium set up. prompter set up. you can't quite see from this angle but the stage is shaped like the entire united states of america. so they are expecting a big gathering here at the jfette center tonight. we'll see whether it turns into a victory party or something quite different. a couple million votes probably still to go, and then still to count. and we'll see later on tonight where we end up. >> eamon javers. let's get to scott wapner where trump's party will be held.

>> they're expecting a big party at the hilton. doors expected to open in about one hour and a half. after 500 days of campaigning, it all comes down to this, with the trump campaign hopes will be a party on that stage behind me today. mr. trump voted himself this morning around 11:00 a.m. on new york city's upper east side, along with his wife, melania and daughter ivanka. she had get a good indication fairly early in the evening how the trend feels, based on the fact there be a number of key battleground states whose polls closed. 7:00 georgia, virginia, 7:30. north carolina, ohio and then 8:00 florida, pennsylvania and new hampshire. one of the big issues we have been discussing all day long is whether mr. trump will publicly accept the result of tonight's election if, in fact, it does not go the way he wants. remember, he said he was going to leave us in suspense at the last debate. he has made some comments today to say that he may not be ready to publicly accept it, as well.

there was a lawsuit filed today over early voting in nevada. that order was later denied. mr. trump tweeted just a short time ago that he and the family will be at trump tower, just a few blocks from here watching the returns come in. and then they will make their way here to the hilton, where they hope it will be a festive atmosphere, and he will be making a victory speech. melissa? >> timetable and mr. trump's arrival, scott? >> say again? >> timetable on mr. trump's arrival there? >> no idea. >> unpredictable even down to that. scott, thank you. scott wapner. we'll be checking in with scott, as well as eamon a little later on in the show. meantime, as for the markets, they rally for the second straight day. the question is simple. is a clinton win priced into this market and if so, what moves do you make in your portfolio? pete najarian, what do you say? >> it seems to me, you're looking at things -- sorry, i've got a pretty good reverb in my ear right there.

it seems we're going to get a divided government. because of that, it's going to be bullish. is it priced in? not sure it's completely priced in at this time. but i think we should expect volatility still in this marketplace. not the same kind of volatility than if it were a donald trump. but i think when we know so much more about where mrs. clinton stands on so many different issues versus the other side, that volatility starts to come back out of the marketplace. and i think a lot of it is probably close to priced in. but that doesn't mean there is still not some up side. i think there are some sectors that could react. >> anybody think we're in a situation where tomorrow it's going to be either sell the news or sell a trump victory? >> well, to me, it's -- >> sell-sell event. >> a trump victory i think is devastating in the short term for the market. i think that 20/40 level in the s&p will probably be reached if, in fact, that happens. the other two outcomes, again, just my opinion. mrs. clinton victory, divided government, i think is bullish. more of the same. the last eight years very market-friendly. what could be really devastating is a clinton victory with no

concession speech. and the acrimony in the united states right now will only get worse. to me, that could be the worst outcome of all three. >> yeah. and we saw that in terms of the market today. we reached session highs around 1:00. we got the headlines about the nevada lawsuit. we paired our losses a little bit and then mr. trump made comments to the fact he's going to wait and see how the results come out. i think it's important to remember the s&p 500 just rallied 2.5% since fridays's close. and a clinton victory is priced in. a lot of variables we will not be able to get our arms around. but i'm not expecting a big rip if mrs. clinton wins. because i think it is priced in. >> we do have that status quo. and i think if he does give a concession, if she does win and trump does give a concession, investors are going to start to focus on the fed and that's the most important thing. december 14th. and then the issue becomes, do they signal a series of rate increases and that's how volatility could come back in the market like we saw in q1 of this year.

>> i agree with all the guys. i think mostly a clinton victory is priced in. certainly not enough to go trade it tomorrow morning. i think if she does win. so that's too fine of a -- i don't think -- remember the metaphor to say. but i think the volatility here, you also -- i wouldn't buy volatility at this price. pete, you have probably seen those options so pumped up on the idea of a trump loss. but i don't even know if you can make an adequate risk/reward -- >> heading into today, there was amazing complacency. guy hit it on the closing bell. >> did you look at the s&p puts for tomorrow? >> if you wanted to protect your portfolio between now and friday's close it could cost you 1%. remember, the footy, the day after brexit, okay, 9%. went down. so that is a lottery ticket, okay, a short-term trade. if you were inclined to do that, dollar wise, they were cheap. on a three-day basis, they're expensive. to me, options prices for this

week were signalling that -- >> and friday -- john was talking about that on friday. you could protect your entire portfolio for 1%, now a 2.5% to the up side. not down as much as people predict. you could ride the market movement and only lose the 1% on the hedge side. >> we talked about the overall markets. here's a question. we're going to get two outcomes, hopefully. cross our fingers. tomorrow. a clinton victory or a trump victory. so we have to break it down and see what you guys will win under each scenario. if clinton wins, what do you buy? guy. >> well, i think if either one of them win -- well, i mentioned if mr. trump wins, you'll see a move to down side in a stock market, which i believe. but in either case, i think defense stocks will be very interesting. i think defense stocks, mrs. clinton victory. i think they have sold off ahead of what the market perceives to be i victory by her. go back to 2008, as we led up to the first obama administration. they took defense stocks out to the wood shed, and they rallied incredibly the last eight years. i think you're going to see

similar. a trump victory, they will sell off immediately with the rest of the market. but that will give you more of an opportunity. so for my money -- >> playbook for both a clinton and trump victory. under a clinton victory, what do you buy? >> big cap tech on a pull backs is a buy. tech leaders, venture capitalists led the way in support of mrs. clinton and she will be very friendly to the technology industry. the technology industry resoundingly opposed mr. trump. that's just a fact. and here's the thing. she may tap -- there's been rumors she may tap sheryl sandbe sandberg, the coo of facebook to be her treasury secretary. and then you get a deal to repatriate the $1 trillion in offshore money sitting there from all these -- that will be very bullish for m & a, job creation here. so i think big cap tech. >> it sounds like a negative for facebook. sheryl sandberg -- >> i think sheryl sandberg said -- i don't think she will take that job. but i like big cap tech, regardless. either way. i just don't think their

business models are going to be affected by who is in the white house. but i think that smith & wesson, which will no longer be smith & wesson. in a clinton victory, you'll see a are you shall to buy guns and pulling orders from next year or the year after. >> but for now it will look good. >> for now it will look good. i don't like to own guns in stock or otherwise, but i think it sets up well for them. >> clinton victory, what are your buys? >> clinton victory, i think the defense stocks makes the most sense to me. lockheed martin i think is one of those names. a lot of names in the defense industry that make sense. and security. >> both trump and clinton? >> no, even though i think it's good for trump, i think hillary -- that's something she is leaning towards. i think technology works for both, just like you were talking about. i can either way. and i think somebody wants to work with corporate tax to try to figure this whole thing out so the repatriation can work. i think the one surprise i'll give you, in a hillary clinton victory, the banks. and the reason i say that is, i think there will be much more focus -- we already know the focus on the fed.

we're already looking at the fed in december. i think going forward, though, it means that janet yellen is going to be there. i think the path of the fed is going to continue. they'll try to do what they're trying to do and i think both bank of america and citi. >> if clinton wins, do you want to see -- you want to see congress in control of the other party, correct? >> yes. >> in order for that scenario to happen. again, a democratic sweep, would that change your mind on financials? >> yes. 100%. >> all right. just want today clear that up. in under a trump victory, what do you buy? >> trump victory, i believe now this is not a political comment. we're just talking about the market. i think it's devastating in the short term for the market. short term means the next couple weeks. i think you could see a move to the down side that will be extraordinarily scary. that's just my opinion. so what do you buy? that's when i believe you make your laundry list and for stocks that you've missed in the entire way up, you're going to get huge opportunities. i think facebook would be potentially one of those stocks. defense we talked about before. some of these health care names probably will be taken out to the wood shed. that's where i would go.

defense first for sure. >> dan. >> you want to reduce your portfolio exposure and however it is you do that. maybe it's by hedging, and that sort of thing. to me, i actually think that we're going to go straight down to your 20/40 in the s&p 500. that will be the first tick. maybe it stops there, maybe it doesn't. >> so wipes out the gains. >> those are gone. and then i think it's going to be a sort of sustained path as we head towards that fed meeting in mid december. we already have a very fragile economy. we have a very fragile market situation here. and i don't think a few months of uncertainty is going to help at all. >> trump victory. >> yeah, i agree on phrma. i think she's devastating. he has to be better than that. and then one sort of second derivative, i think, that tourism in mexico -- i think you're going to see he wins. the peso is really going to get punished. something like a -- i think you'll see a lot of tourism in mexico. >> i think the rise of volatility is inevitable, just because there is so much we don't know. we don't know where the positions are. to your point, the spy puts you

brought up earlier makes sense, because there will be a pretty hard hit to the down side. i think what that creates, though, is the great opportunity, because we talked about tech earlier being good for both. i think we see a selloff under a trump scenario. but he will have checks and balances, as well, along the way. that's the one thing people seem to want to discount, is they think that trump suddenly f he becomes president, he's president and ruler in everything. he still will have to deal -- >> but -- >> you don't think the republicans are going to go all the way with him? i don't think they will. >> he's already told you the shackles are off, and this guy, if there's anybody who has a penchant for just destroying his opponents, is this guy. so paul ryan put all the leadership on the list. he's coming after him. so to me -- >> he's coming after him. you don't think those guys are going to be able to get together -- >> no. were they able to keep him away from being the standard bearer of their party? no. >> what he is he able to get done? you think he can do whatever he wants? because he's a monarchy? >> he has done whatever he wanted in this entire field.

>> that's the campaign. >> we have been in an era for decades where government has not been able to accomplish all that much because of just the checks and balances and gridlock. and all of a sudden we're -- crump is going to be elected president and -- >> i'm telling you, it's like nothing we have seen before. that's going to be a fact. so if it is a republican senate, republican house, he's going to think he can do -- remake this the way he wants to. so to me, i think that's the worst possible scenario for the markets in general. >> and i'll push back real quick. tim was here last night. and it was his word, i don't want to take credit for it. he used the word conciliatory. that's what he will be. i think he will move far from the -- what we hear now. i think he will move more center than mrs. clinton. >> i think you're nuts. that's not a partisan comment. >> if he wins would you go to cash? >> i think it makes sense to get the heck out of the market for a while. >> if he won. when you say get the heck out of the market. that means -- >> doesn't mean sell your retirements and this and that.

what i think is means is that we're going to be faced with, you know, just the amount of uncertainty, politically, that this -- the financial situation, the markets just don't need. you're looking at me like i'm crazy. >> i think you're crazy. i absolutely think you're crazy. i'm not buying any of it. because i think the campaign is completely different than when you're actually sitting in the white house. >> pete, pete -- has he this a single economic adviser who has advised any president in the last 30 years that has backed any of his policy plans. has he had a military adviser who has advised the president -- >> dan, you've got to admit people say things to get elected you know -- >> president obama -- >> we've got a lot to -- >> heavy ink blot. >> much, much more election coverage as it starts to come to an end here. let's take a look at a polling location in cleveland, ohio, where the polls will close soon. and a look at the cnbc decision zone with dominic chu. ground breaking coverage of tonight's election. he will show us how it will all

go down tonight as the data starts rolling in. unlike anything you have seen before on tv. and everyone buying into the banks in the election but a top analyst says they are making a crucial mistake no matter who wins tonight. he'll be here to tell us what has him so bearish. much more "fast money" still ahead. mobility is very important to me. that's why i use e*trade mobile. it's on all my mobile devices, so it suits my mobile lifestyle. and it keeps my investments fully mobile... even when i'm on the move. sign up at etrade.com and get up to six hundred dollars.

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welcome back to "fast money." hours from now, cnbc will bring you this election like you've never seen before. it is ground breaking coverage we are calling the decision zone. dom chu standing by at the cnbc decision zone to explain it all. so dom, this is truly amazing stuff we're talking about. >> it is. and here's the reason why. when it comes to business news, traders and investors, they like having their cockpit of data, whether it's their trading systems, their market dealt, he can see the futures markets. we're going to add to that dashboard tonight. in addition to what you've got at home that you're watching, because of the election, we're going to give you all kinds of video feeds. dozens from all across the country. and all of it is kind of fed through here. this is satellite operations here, sat ops as it's known. so all the different feeds coming in because all of the nbc affiliates across the country are feeding information here. so if there is a market moving or there is an important piece of election development data that comes out, we'll be able to

drill down granularly into that local market and that's going to be huge. so guys, i want to show you something real quick. we've got democracy plaza up here now. if that happens here outside 30 rock, that's going to be big. let's pull up another one. can we pull up what's happening? there with he we go. we can see what's happening with trump. there we go, 7:00 tonight eastern time. >> look forward to it. be sure to tune in tonight, 7:00 p.m. to watch cnbcs coverage of the presidential election live from the decision zone. let's turn now to immediate decisions you can make for your portfolio. several markets open and active during the day. cockpit of data overnight with the market. let's start off with one indicator, the mexican peso. this one active all day. what are we watching? >> you're watching to see how the peso reacts. a weakening indicates mr. trump is doing better than people think. obviously the opposite is true as well. one thing, the commodity markets

always seem to know things before everybody else. watch gold. if gold catches tonight, to me that's not good news for plaintiff's exhibit clinton. you should see a commensurate selloff in the s&p. >> i would just say look at the s&p 500 futures overnight. you saw what happened sunday night after fbi director comey's letter. they gapped up and kept on going throughout the night. and that's really the clearest indication. that is the most liquid market you will see out there. and that's probably how people are going to place their bets on this election. >> we should caution, though, the s&p futures are not trading right now, i believe. >> they will. they will. >> and we'll be watching. >> we know you would trade 24/7 if you could. >> cannot wait. if you pull up the mexican peso, we're showing the dollar going down versus the peso is strengthening. there you have it there. karen. >> i think the most direct is the s&p futures, obviously. if you want to go a little differently, i think the german bond. we could see if he wins, that becomes the flight to quality

instrument in the world. >> really? going even more negative, potentially. or going negative. >> well, yeah. i think -- we weren't that far -- that wasn't that long ago. >> right. >> and this would be a very significant event. >> pete. >> well, gold in the s&p futures. the reason i say the s&p futures over gold is liquidity. once they get going, the liquidity is something you want. almost like daytime, quite frankly, even in the after hours markets. those are far more liquid. >> s&p futures higher clinton victory. >> absolutely. we start seeing that plummet and could be -- dt. >> all right. >> donald trump. still ahead, check out the polls in las vegas, nevada. people still pouring in to vote as turnout is expected to be strong. we've got steve liesman going through the early nbc commit poll data that just came out. we'll bring the latest headlines, next. i'm melissa lee. you're watching "fast money" on cnbc, first in business worldwide.. here's what else is coming up on fast. >> no matter who wins the election, a top strategist says,

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welcome back. we've got breaking news on a first look at early exit polling data from nbc news. let's get over to steve liesman for the very latest news. >> thanks very much. one unduring theme for the campaign, how unpopular both candidates have been, and it's clear the voters didn't change their mind. majority have an unfavorable view of each candidate. about 6 in 10 voters so far

today have an unfavorable view of donald trump. 4 in 10 has a favorable view according to the early nbc exit poll interviews. few voters have an unfavorable view of hillary clinton. 54% unfavorable according to the nbc news exit polls. voters today are divided. let's take a look at donald trump here if we have the next screen here. yes, we do. well done, guys. 61 unfavorable versus 30% favorable. let's take a look at another thing. early exit polls show 48% said trump would better handle the economy and 46% said clinton. so trump has a very slight lead in the early exit polls done around the nation. we'll have more as the exit polls come in and as we are able to get more data together for you. melissa? >> steve, do you have any idea where these polls were taken, which sorts of states? >> 28 states. and also 900-something precincts

around the country. i think they're going to do something like 90,000 interviews total. they did a whole bunch early voters, as well as absentee voters. i've got to get the exact number of actual interviews. it is a broad effort done to create these exit polls of actual voters. >> all right. steve thanks so much. keep track of that and check in with you later. steve liesman with the early exit polling data. so amazing people turned out to vote for candidates whom they hate. >> the unfavorable thing -- some of the best bosses i had were the most unlikable people i ever met in my life. seriously. they were able to get things done, male and female. so to me, you throw that out. unfavorable, unlikable, doesn't matter. handling the economy is interesting. i wonder if people think confused, in my opinion, the market with the economy. because that's the real problem. the two have never, in my opinion been wider. >> so how would you answer the question? who would do better for the markets? >> i think -- i think mrs. clinton would do better for the market, because it's a continuation of the last eight

years, which has been unprecedented in terms of the -- >> i think she would actually fill -- as well. just because i think there would be a willingness to actually try to work things out. maybe work on plans, especially when we talked about taxes and potentially trying to help out on this corporate tax repatriation and all the rest of that. i think it seems to me like she's leaning more towards trying to figure out a way to do some of that. >> with had he a trump surrogate on "squawk box" this morning, and if you cut the corporate tax rate in hoof and you work on some sort of repatriation of overseas profits, wouldn't that be bam, stimulative to the stock market? wouldn't the market love that? >> it would love that. although i think trump is also -- obviously a huge, huge not fan of yellen and he thinks she should have raised a long time ago and a lot. if he were able to put someone in who was going to do that, terrible for the markets. >> right. >> listen. i just think that -- why are you looking at me -- i just think that, like -- i don't know how you cut corporate tax rates like that and then do everything we need to do.

i don't know how you go into fiscal stimulus the way that needs to happen, the way the world thinks it needs to happen. >> that's tax we were never going to get. >> i'm not talking about the repatriation. i'm talking about cutting corporate tax rates, okay? so you understand what i'm saying? so it just doesn't make a whole heck of a lot of sense. we have a lot of work to do in this country. stuff needs to get paid for. if we're going to go and have this massive fiscal stimulus thing that is going to reinflate the economy under very fragile recovery, it's not going to happen with tax cuts the way donald trump is talking. >> let's talk banks right now. obviously, that is a sector everybody is watching in light of the elections. no matter who wins, capital markets predicts financial stocks will see trouble under both candidates. ed mills is behind that call. he is the firm senior financial policy analyst. great to have you with us. how can it be both candidates will be negative for these stocks? >> well, i think that most of the people i'm talking to is that kind of view hillary is positive for the market or positive for the banks because of fed policy.

and almost fed policy alone. and that kind of we have a trump presidency that the uncertainty at the fed would cause real disruptions at the banks, especially the mega cap banks. and, you know, could call for yellen to resign. but with hillary, what i'm concerned about is that we might have a hillary hangover with the banks, as people realize that the -- the regulations we're seeing on the banks right now is unprecedented. in this populist move in this country are giving those regulators an incredible amount of political cover. >> so that overhang would outweigh the stability that the fed could have under clinton administration in terms of the interest rate hikes and that path going higher. >> yeah. and i think -- >> heavier. >> yeah. i differentiate this. this is for the large too big to fail banks that are going to feel this the most. one of the debates coming out of dodd/frank is did we end too big to fail. no, we didn't. but the fed is trying to make it

a whole lot less fun and a whole lot less profitable. i think the regionable banks we think would do better because there is a push to ease the regulation on them. but, you know one thing that hasn't changed is populism is big and people still want to beat up on wall street. >> it's karen. let me ask you something. we saw a huge reaction to the banks post '08 and all of that, tremendous regulation. i think whoever is president is only going to have so many things they have a shot of getting done. and i would think that bank regulation wouldn't be number one on hillary's list of things to do. >> well, that's the amazing part here is that hillary doesn't have to do anything and all of this regulation continues. and what you actually do see is that hillary would need to kind of give something to the liberal wing of the party, the elizabeth warren/bernie sanders crowd. and there is going to be a shift in her administration to not only finish the regulations on the banks themselves, but into

the nonbanks, where you kind of get real concerns about what happens to, like, the asset managers and what the s.e.c. and the department of labor will be regulating you said that type of administration. >> all right. ed, thanks for joining us. appreciate it. ed mills of fbr. pete, i know that you're a financials -- >> i disagree with -- i understand what ed is talking about here. but i don't think that he's going to kowtow to those type -- the bernie sanders crowd. i think that's part of the election process. we're talking about that earlier, about what people say, what people do. and i think what they say is, hey, this is the way we're going to do these things and when they get there and hillary is in charge, i don't think she's going to force that much more regulation on top of these banks. >> i think it's important to remember, i think she's -- listen, especially if the democrats don't win the senate and she wins, then bernie and elizabeth -- i don't know what they have to do. they have twitter accounts. you know what i'm saying? i think she's a lot more centrist than people think. >> to be fair, bernie sanders and hillary clinton have sunk

the biotech sector and health care sector with just their twitter accounts and nothing else. very little else. >> some of them -- some of the companies have done it to themselves, as well. >> yes, that's fair. that's fair. >> back to banks real quick. you look at wells fargo. you're talking about a stock that's 25% off the all-time high it made last summer, right? in 2015. that stock has not bounced literally at all since that trough we have seen a couple weeks ago. that's telling you something. the other side of that coin, great minnesota bank, pete talks about it, u.s. bank corp, within a whisper of its all-time high. much more expensive on valuation. but in my opinion, a much more stable management team. i would be long u.s. bank corp, regardless. >> all right. switching now to another contentious issue, sending california voters to the polls. the state's drug pricing battle in focus, as prop 61, which would cap prices on drugs paid for by the state government appears on the ballot today. meg tirrell joins us from wellesley with more on this story. meg. >> melissa, you're just talking about populist issues and bernie

sanders. of course, really, this is the top of that list. it's called the california drug price relief act or prop 61. essentially what it would do is mandate the same discounts for california state agencies on prescription drugs as the federal department of veterans' affairs currently gets. now, the drug industry is fighting this tooth and nail. that's actually the language that eli lily ceo john lechleiter used on the company's earnings call. they really don't like this and have been outspending the support for this, donating more than $100 million to try to defeat this bill, compared with just about $17 million spent by those supporting proposition 61. some of the biggest donors against proposition 61, johnson & johnson, merck, pfizer, amgen, some of the biggest drug companies. it's not just drug companies, though, that are against proposition 61. some veterans groups have actually come out against it, as well. under concerns that there could be some unintended consequences of actually raising prices on drugs for other people in the state. however, the big spending does appear to be shifting sentiment. if you look back in september,

polling showed about 50% support for proposition 61 among california voters, but 34% undecided. 16% against it. as of late october, that had shifted to a real nail-biter. 47%, yes, 47% leading toward no. and just of% undecided. so this could really go either way, according to the most recent polling. and i justifies talking with ever core terry haynes. he says drug stocks will react disproportionately in either direction on this, even more so than this impact the bill could have because folks in the industry are already so nervous, mel. >> is there anything this could set a precedent for other states to adopt similar measures? >> that's what some folks are saying, and already there's talk of getting a similar bill on the state ballots in ohio next year. so folks are saying this could reverberate around the country. and also just send a message that california voters are really fed up, mel. >> thank you. meg tirrell joining us tonight from wellesley on prop 61.

this is the issue. investors in biotech and health care are worried about a clinton victory. this could be the near-term wait on the sector. this could have even more of an impact. >> look at a pfizer, a great example. up 20% from its highs. almost round-trip the entire move. a 4% dividend yield, trades about 12 times next year's earnings. expected to grow 8%. so at some point, i think a lot of bad news is in these stocks, no matter what happens. and i'm looking at a stock like pfizer. if you see it back towards 28, that was the 52-week low from february. that's a good shot with a four and quarter percent dividend yield. >> pete's dad is a democratocto. we could have a two-hour show about this. >> let's do it. >> the point is, if you want innovation in that industry, that's part of the whole thing. i'll get off my soap box now and say we'll quick. i've been dead wrong about amgen, one of the names for quite some time now. but if you would just take a

step back and look at the company and balance sheet and valuation and pipeline and the products they have out in market now, it's just too cheap. not to say it can't get cheaper, because we have seen that game before. but there are certain stocks now that are trading as if they're going out of business or they're taking their ball and going home. and in my opinion, amgen is one of them. >> and you piece that together with what meg said and the stocks with a disproportionate reaction either way on the results of prop 61, what does that tell you? >> it tells you -- almost like the vote itself, right? tonight in terms of the presidential election. i mean, it just really could teter either way and that's why everybody -- but to dan's point, this is priced into so much when you look at something like a pfizer. and guy is talking about amgen. i'll throw out merck. $4 off the highs. earnings were phenomenal. they're doing everything right. pipelines are there. yields are there. i think this whole industry right now -- by the way, the yield in something like an amgen is unbelievable. i think they're all very inexpensive and a great opportunity for the up side. >> you were in biotech.

are you looking at it again? >> a name like -- a name like pfizer and merck is different than annin dough -- those -- i wouldn't -- i couldn't go near. >> okay. take a look at this live picture from charlotte, north carolina, where americans are still casting their votes. those polls closing in less than two hours. plus, dominic chu is going to come back. taking us behind the scenes of cnbc's decision zone. our ground-breaking coverage of tonight's election. dom, what can we expect? >> all right. a little over an hour away from our own prime time coverage for the decision zone. coming up after the break, we'll talk about what we're going to see and also a look back on the obama administration how stocks fared, which ones did the best and worst. that's all up after the break. keep it here on "fast money." the microsoft cloud offers infinite scalability. the microsoft cloud helps our customers get up and running, anywhere in the planet. wherever there's a phone, you've got a bank, and we could never do that before. the cloud gave us a single platform to reach across our entire organization.

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welcome back to "fast money." as you prepare to position your portfolio under a new president, we're taking a look back at the best performing sectors under president obama. dom chu joins us again from the decision zone with some surprising results. dom. >> all right, so melissa, we all know that president barack obama's administration has yielded one of the best performing stock markets in stock market history. the caveat, we came off the lows of the financial crisis. still, a massive run higher.

and if you take a look back at some of the sectors that did the best and worst, perhaps it's worth noting the cyclical economic sensitive ones were ones that did well. technology and consumer discretionary in the s&p 500 since president barack obama t gottin inaugurated. two-thirds of our economy is based on consumer spending. as for the worst sectors, no vice what the worst is. it's energy. we have seen oil prices come down a lot from their highs over the course of the past few years. that's dragged on some stocks. however, they're still positive. and telecom and utility stocks also among the worst performers, though it's worth noting they are also positive. as for the best performing stocks, guys, all three top performing s&p 500 current members over the course of the past seven, eight years, they were all consumer discretionary. in third place was price lion. in second place was netflix, and guys, the number one best performing stock in the s&p 500,

you will at that beauty and salon during the course of that presidency, at least so far. so some interesting stocks and sectors, guys. back over to you, mel. >> thank you so much,dom. and don't forget to tune in tonight, 7:00 p.m. for cnbc's special coverage of the presidential election. every time zone covered from the decision zone. let's discuss some of the sectors and stocks dom mentioned. with you stick with these if clinton wins. these three top-performing stocks all in consumer discretionary, netflix, priceline and ulta. >> the thing that is amazing with ulta, they did it with not a levered balance sheet at all. wasn't like they got the benefit of a huge run-up from being super levered. almost zero. too expensive for me here. they did a fantastic job, though. >> these sectors, pete. the best under obama. >> from the perspective of the sectors, i absolutely love tech still. i know they have had a great

run. you could say the run is done, but i don't agree with that. this earnings season, once again, and the previous earnings season the last two, you look at the tech sector, it's been very, very impressive. microsoft, some of these names. all these transitional companies that were old line something, moving to something more closer to the cloud in most instances, cisco, microsoft, some of these names, even an intel. i think those are plenty of run way left in front of them. >> i'm curious about energy. still positive under obama. >> you think about it, because the economy has been very volatile. some booms and bust. to go back to the consumer discretionary, not the tech, you're talking about secular shifts in old technology. i think dom mentioned netflix and there was one other. >> priceline. >> these are also big sector shifts and stealing from other, you know -- so, like, i was going to mention the retail space. you think about it -- retail stinks, right? so the s&p just made a new all-time high a couple months ago. the xrt, the s&p retail etf

hasn't made a new high since march of 2015. and a lot of that has to do with the fact that amazon and some of these other consumer discretionaries which have taken share from the traditional channels. >> guy? >> quickly. what they didn't mention and i'll bring it up again. they'll probably get lumped in the industrials. defense stocks, quickly. frommed bush administration, a name like lockheed martin went to 150 during his tenure. correct? as it became clear that mr. obama was going to win, the end of 2008, beginning of 2009, lmt, for example, went from about 140 down to $50, almost in a straight line, loom how that stock has performed since. we have seen over the last couple weeks, maybe it's clear mrs. clinton is going to win, not similar to what we saw in the obama administration but a selloff, nonetheless. defense stocks. ma gandy could win -- >> good one. >> peace could win but defense stocks would still win.

>> she went for it. >> if i wanted to bottom line it. >> well done. still ahead the one and only jim cramer will join us live. no matter who wins the white house tonight, we'll get his election playbook. and let's get to indiana where polls will be closing within the hour. cnbc's phil lebeau on the ground there with the very latest. phil. >> melissa, you know i'm all about bringing you the quote of the day today. it comes from a woman who walked out of a polling station, turned to me and said, "god help us." the sad commentary on how disgusted people in the heartland are with both primary candidates for president when "fast money" returns.

welcome back to "fast money." special election die coverage. and you know what i want to know? >> what? >> i want to know what jim cramer, how he is navigating this election. jim joins us from the set of "mad money." jim, great to have you on "fast." >> well, i've got to tell you, melissa. i'm watching guy adami and i'm thinking, hold it, he's got my playbook. >> he does. >> just put out my playbook right now. but yes, it's defense stocks. guy, you're absolutely right. lockheed martin. and then infrastructure. because when you look at the platforms, when you listen to them speak, this -- it's almost

as if these are two things that they got in a room and said, can't we agree on these, and they say yes. so i've got more ideas, but i love your show, and i love how you're approaching this. >> we like the playbook so far. we've been talking about it. are there any lose-lose sectors, jim, a bipartisan issue that could target a sector to the down side? >> well, you know, i do think that -- it's difficult to try to identify anything that people really hate here. but, you know, i've been doing a lot of work and i'm not even going to finish my work on the pharmaceuticals. they're such easy, easy targets. and nobody likes how much the drugs cost. everybody in the world can beat up on them, melissa. but they are obviously not anything i'm going to recommend tonight. but i do find a couple of winners. but i have to see this prop 61 before i go nuts. suddenly, we find out california is trying to be like the veteran administration. who knows where that takes things. that's tomorrow night's business. >> a huge unknown. what's on the show tonight, jim? >> which exactly sectors we

think you can make the most money in. and we are going to -- i've got a couple things that i think are just kind of lined up to be able to say, all right, this is -- where you can't be, because something is changed in the country. but we've got to hope it's over tonight. and if it is over tonight, melissa, you're going to like my ideas. >> and if it's not -- so help us. >> if it's not, i'm premature. and we're not going to want to go there. hopefully by tomorrow night, we'll know more. but i've got a playbook for a clear night. >> absolutely. we look forward to it. jim, thank you so much. >> thank you. >> jim cramer and "mad money" top of the hour, 6:00 p.m. eastern time. rounding out our election coverage tonight, the earliest polls are about to close. including, in some parts of indiana. and that's where phil lebeau joins us right now from ter

terre haute. >> the polls will close in ten minutes. it's in the eastern time zone like most of the state. look where indiana is in terms of time zones. we're not going to give a big geography lesson here. basically comes down to this. the eastern time zone for most of the state. polls close at 6:00 statewide and the central time zone for the far northwest and southwest part of the state. so all polls closed by 7:00 p.m. eastern time. most expect this to be one of the first states called. all day long, we have been talking with people as they have been coming out of voting booths here in terre haute. yesterday and today. when you look at the state of indiana, 56% of the voters do not have a college degree. and that's why especially southern indiana, it's prime trump territory. it's conservative by nature. we have talked with a number of people who are in favor of donald trump. we've also talked with some people in favor voting for hillary clinton. one thing that stood out, not very many are actually voting for a candidate, they're actually voting against the other candidate.

>> i voted for trump. because the thought of having him president is less scary than having hillary be president. >> i voted for hillary clinton, because i just don't think donald trump is ready to be president. >> and guys, we heard that from almost everybody we talked with. it's basically the choice of the lesser of two evils. one other thing. terre haute is located, went for obama in '08 and '12. the overall race, 1952 with steeplechaseson. we'll see what happens tonight. >> wow. phil, thank you. phil lebeau joining us from

terre haute. let's look at the mexican peso, a barometer of electoral sentibility right now. we do see the peso strengthening, which would indicate that markets believe hillary clinton is in the lead. still in the lead. in some sort of lead with donald trump right now. so one of the things we're watching. in addition to the features, in addition to gold. et cetera, et cetera. >> it's halftime, baby. >> it is. still a long night ahead. meantime, still ahead, the traders will tell you what they're watching for tomorrow, right after this.

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time for the final election night trade around the horn, we go. pete. >> surprising pick. i'm going to go with the financials. etfc. e-trade. giddyup. >> karen. >> master card, great space, high-quality company. not a super bargain price but i like it still. >> dan. >> yeah, so the next two weeks we have retail earnings, big box department stores. xrt. >> guy. >> democracy wins. it's messy, but that's who wins in the end. tie the bow on it. >> we'll let you know at 10:00 tonight. >> jim cramer, talk about it.

>> you haven't voted yet, there is still time in many parts of the country, so go out and cast your vote. i'm melissa lee. thanks so much for watching. see you back here tomorrow at 5:00. more "fast money." meantime, the big show is coming up, "mad money" with jim cramer starts right now. . my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to a special election edition of "mad money." other people want it make friend, i'm just trying to make you some money. my job is to educate and teach you, so call me. or tweet me. @jimcramer. neither snow nor rain nor heat more gloom of night