tv Worldwide Exchange CNBC November 3, 2020 5:00am-6:00am EST
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a special edition of the news begins at 7 eastern, 4 pacific, and then throughout the evening it's your money your vote. cnbc election coverage with the business news anchors you know and trust and our correspondents will round out the field i'll see you the welcome to the home stretch. as president trump and former vice president joe biden make their final push on this election day 2020, the two men crisscrossing battleground states this recent days to rally supporters and the finite number of still undecided voters that could hold that big key to victory. on wall street, stocks trying for another day of gains after their worst week since march it is tuesday, november 3, election day, 2020 and you are watching the "worldwide exchange" right here on cnbc.
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good morning, i'm dominic chu. it is your money, your vote. brian are s brian sullivan is live in grand rapids first, the dow implied higher by just around 100 and so points here the dow coming off more than 420 point gain to kick off another month after its worst week since march. the s&p 500 also higher by more than a percent just yesterday. we are also watching the treasury side of the equation as well yields holding relatively steady at least for this time being around the world, a sharply higher session overnight in asia with the hang seng and kospi posting near 2% gains.
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you can see there on the map a very positive day generally speaking for asia. and green also on the european side of things with 2% gains for the cac in france and nearly 2% for the german dax and ftse 100. but back to the campaign trail and the future of the american presidency and congress now in the hands of us, the electorate amid record breaking early voting and key state supreme court ruling in texas, the candidates today hold their final rallies after what can only be described as dueling battleground campaign marathons. both mecn focusing on key states like wisconsin, ohio, michigan, minnesota and pennsylvania >> we made history together four years ago and tomorrow we're going to make history once again. >> still in a battle for the soul of america.
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decency, honor, respect. >> you better get out there and vote tomorrow. i'll be so angry, i'll never come back. >> i'm running as a proud democrat, but i will govern as an american president. >> a lot of words on this final day. for more on what is at stake, let's bring in scott cohn in clayton, north carolina and brian sullivan in grand rapids where the president ended his campaign blitz late last night, the same way he wrapped up his campaign four years ago. brian, could four years ago in grand rapids repeat this time arou around >> the president sure hopes so good morning this has been sort of the end of our enroadmap and we've been me
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reporting the candidates from place to place everyone is looking at the same elek tctoral maps. these are the counties to watch. see the stars? the red and blue are the 2016, yellow are the key counties. we were in erie county, pennsylvania on monday, drove to kenosha on wednesday, one again of two or three counties in that state. wisconsin went to trump by the narrowest of margins and the county went to trump by just 255 votes hard to believe, but true. those are some of the key counties there and then we made our way to minnesota. a lot of people say why go to minnesota. because while minnesota has been reliably blue, look at thmap,
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minnesota was closer than many people thought the numbers you look at suggest perhaps minnesota is in play and if it is, it will start really in rochester home of the mayo clinic. trump flew in on friday. and then we came here. yesterday spending the day in kent county, michigan. arguably one of the two most important counties position highlighted there is muskeg muskegon trump doing a little superstition coming here last night, his last stop in 2016 as well those are the four upward midwestern swing states and the counties inside of those states that might swing we'll talk more about what we've
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seen, but right now, let's go to one of the other key battleground states that is hopefully a little bit warmer than it is here and our friend scott cohn who is in the tar heel state good morning >> good morning. i don't know that it is a whole lot warmer here than it is there. it is chilly and it is an important day for president trump because if he is to carry this state, a state that he won by about 3 1/2 percentage points in 2016, he will need strong turnout today at precincts like this one, we are in clayton in johnston county, about 20 miles southeast of raleigh the president carried this county 2:1 in 2016 but take a look at the map for 2020 north carolina has 7.4 million registered voters. of those, 4.6 million have already voted. includes nearly a billion who
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voted absentee and about 140,000 absentee ballots are still outstanding. and polls suggest that the early voters favor joe biden the independents include seth per advi purvis, a recent college graduate he voted for trump in 2016 but this year he is voting for biden. >> just the constant gas lighting, the constant lying, the constant just ridiculous stuff that i've seen from this administration, eventually i actually started thinking about it and i just could not in good faith vote for somebody like that anymore >> so keeping up with the math, if president trump is to do well today and to narrow that gap, he needs to do well with the people who show up today, the 3.25
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million or so that are left. and the poll suggests that the president will do well among those who vote on election day put it all together and our new cnbc change research states in play poll shows virtually a dead heat in north carolina biden up by only about 2 points. and in a state where everything matters, the weather aside from being a little cold should be beautiful statewide. >> it is funny because kind of the same thing with the polls here you look at 2016, of course a lot of people derided the polls, they were wrong. hillary clinton going in with a 4 1/2 point lead on the polls the night before the election on average. lost michigan. did lose by just 0.3%. one thing we've done on the trip is literally driving around a couple thousand miles looking at the stickers and billboards and people wearing hats. i don't know how long you've been in north carolina but as you are driving around, are you
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seeing advisable signs of support for both candidates? >> yes and it is interesting. and i was here four years ago actually and there were a lot fewer hillary clinton signs in the raleigh area four years ago than there are biden signs this year. so there is that here as i said, it is trump country, you see trump signs all around me. there are a few biden/harris yard signs sort of dotting the environment, but although again this is heavy trump country and like i said, turnout today is key. >> yeah, didn't see as many clinton signs. i was in ohio the night of the election four years ago, but i see a lot of biden signs here as well and oh, my, the tv ads. we'll get to that in a bit dom, more to come throughout the hour and please ask me about the tv ads because it is not like anything you have ever seen where we live, we don't see them, every commercial break, all three commercials, often for
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the same candidate, boom, boom, boom a little crazy to be honest with you. >> that last minute push for sure trying to get that undecided vote to get out there and cast their ballot the way that they want brian, scott, thank you both stay with us here all day for continuing election coverage and our special coverage as the results start coming in, it starts at 7:00 p.m. tonight and really overnight into wednesday morning. i'll be here with you guys one of the vast number of team members that will be covering this election for all of you viewers overnight into wednesday morning. and back to the markets, futures rising sharply as investors a wait the election results. we're implied higher by about 422 points the s&p by roughly 42 and nasdaq by about 91. joining me now is ben emmons,
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has the market action surprised you given what we've seen the last week? >> good morning. it actually doesn't surprise me. it feels to me that the market has made a decision that the election will be clear and that there will be a fiscal stimulus coming that really has not changed. i think what happened last week was maybe just repositioning while ultimately an outcome that it will be directed at the economy and the pandemic and that is what the markets really care about so no, i'm not surprised i think the market is very much keen on seeing this election clear and expecting an outcome that won't be too much contested anyway >> so does that mean that it does not matter who wins this presidential election, the markets are still on a track higher because of stimulus down the line >> the stimulus part it doesn't matter say if president trump wins, you have a republican senate, then
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you will get stimulus. if you have a democratic win with a republican senate, there will also be stimulus. but i think what does of course matter is president biden will be different in terms of his foreign policy so i think that the markets did care about that. so i think stimulus is key for the markets, but the volatility will be there tonight. >> and what is the thing that you will be watching for the most as you kind of follow the markets early tonight into the wee hours of the morning here? >> first thing i will watch is the currency market. i noted particularly into 16, you saw for example currency was getting volatile in mexico this year it is russia that i will be watching the market will be reaenkting to
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t to the initial results overall i think that it is a market where again people will gauge on who will be the leading candidate here and so i'll be watching the currency >> ben, thank you very much. and when we come back, gauging the impact of the u.s. election on global trade and esg investing. and new results from the states of play survey, the top issues that matter to your money. plus where the candidates stand on this election day in key battleground races a very busy hour still ahead
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welcome back election day is finally here, it has arrived and the outcomes certainly have a lasting impact on trade and the global economy. joining me now with a look at how the possible results could impact trade policy, sherry, let's talk about whether or not trade policy is going to be as big a focus for the next president whoever it is as it was for the first time around. >> thanks, dom i think when we talk about trade policy as you highlighted china, china is a booiipartisan issue o
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matter are who is in the white house next it will continue a hard line on china. i think that this is due to quite a lot of momentum being built and position support by the u.s. public. you look at wider trade issues, the uk and u.s. are also completing the free trade agreement. particularly important considering the brexit negotiations that are also ongoing at the moment. and it is absolutely number one priority for the uk. the question is, is that going to get more momentum under the trump presidency or a biden presidency i do think that the focus will be domestic early term, but international trade has always been a mainstay of the u.s so i can't imagine it taking a back seat for long >> there is no doubt that inequity in trade policy is a huge focus and certainly one that this nation needs to address. i wonder though huknow hothoughh
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candidate tackle it? >> i think that we'll see a lot more of a collaborative perhaps diplomatic consultative approach from a biden white house particularly on the subject of china. we've all experienced trump's methodology in terms of accelerating or adding to the frictions or policies that are coming to china. that is often done by executive order by tweet and i think that there will be a massive change in the methodology there. however questions that are outstanding, things that go directly to investment, how chinese companies are listed on u.s. exchanges, how it is that their accounting standards can be similar and we can pool best practices. so these are fuchlts are fundams that won't change. >> you are an investment banker
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by trade you've been ambassadorial work for various jurisdictions. what is the key to getting a deal done that benefits the united states in the best way possible >> if you are talking about china, i think that it is a question of how it is that both countries can benefit. when you are talking about trade, often you are thinking imports s or exports the reality is supply chains are so mixed at the moment that in fact we have to think about where the benefits are to both parties. and frankly actually one of the things that you can't take out of the equation is the financial markets. if you look at refin difference data, the money raised on shore is now five times amount chinese companies raised on u.s. exchanges. and we're seeing the impact that has. the ant ipo is looking at hong
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kong and shanghai dual listing something that is perhaps a number of years ago the destination would naturally be the u.s. so when we are thinking about where a trade deal is going to land, we cannot take out the idea of where financial markets and access to capital will be a part of this >> sherry madero, thank you very much still on deck, why uber and lyft have a lot to win or lose on this election day. and plus the soda pop that one new england beverage brewer says could predict the outcome of the election and we'll be back in michigan where brian sullivan is taking the pulse of main street in a very, very must win county >> yeah, look at dow futures up 400 as well on election day. all right. we are wrapping up an eight day 2500 mile eight state road trip. so what exactly have we learned
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the move comes as voters in california will decide whether to exempt the companies from a state law that would require them to treat their drivers as actual employees versus contractors. we're watching those stocks rise pre-market shares of cirrus logic is higher they promoted the president to ceo effective january 1. and paypal third square earnings and revenues beat estimates boosted by a surgery in digital payments as covid-19 lockdowns drive more business online, but shares are actually lower as the company forecasts fourth quarter profits below some analyst expectations. those shares down 4% pre-market. still ahead, why mark zandi says a contested election could have
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it is election day it has arrived as americans decide whether president trump or former vice president joe biden should lead the country the next four years. as people prepare to cast their ballots, futures are pointing to very, very solid gains at the open in fact we're at session highs right now. and our latest states in play
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polling shedding new light on where voters stand on the candidates in very key battleground states. it is tuesday, november 3, election day in america and you're watching "worldwide exchange" on cnbc. welcome back i'm dominic chu. brian sullivan is live on the ground in grand rapids, michigan for the final stop of his very bringing battleground road trip. more from brian in a moment. but here is how stock futures are looking as we are halfway through the 5:00 a.m. eastern time hour. the dow jones implied higher by 440 points roughly, nasdaq, 102, believe it or not that is lagging. and dow jones big moves back to back days possibly coming. the dow is coming off a more than 420 gain to kick off the month after its worst week since march and the s&p also higher by
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more than a percent yesterday as well also watching the interest rate picture for signs of stability we're seeing a slight tick higher in yields ten year 8le 7 bas l87 basis po. two year 16 basis points now to the story of the day, it is the 2020 election president trump, joe biden both will be back out on the campaign trail today making that final push to shore up support as americans head to the polls. eamon javers has the latest on where the race stands this morning and brian sullivan is in grand rapids, michigan with more on his battleground road trip. how does the polling stack up and are the candidates comfortable right now with their positio positions. >> nobody is comfort only right now.
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it could go either way this is like no other that we've seen in our lifetimes. we have an election taking place in the middle of a global pandemic and an economic disaster at the same time nearly 100 million americans have already voted through the early voting access programs rolled out by the states due to the pandemic so it is not at all clear who is going to happen on this election day. still both candidates out there barn storming making their last minute case to voters ahead of election day yesterday joe biden in pennsylvania which he views is key for his campaign, making the argument that donald trump is trying to suppress the vote there. here is what he said >> i don't care how hard donald trump tries, there is nothing, nothing he did to stop the people of this nation from voting no matter how he tries.
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trump doesn't want americans voting >> meanwhile donald trump out on the campaign trail hitting multiple states yesterday, barn storming around the country and making the case that he is set up for another come from behind victory just like the one that he had back in 2016. here is what the president had to say yesterday >> we're going to do fantastically in pennsylvania. that was one of the most exciting evenings ever and i think we'll duplicate. i don't know, can you ever surpass something like that. >> but we'll at least duplicate it >> so the president expressing confidence there but still the big question today, who is left out there who has not voted and are there any undecided voters left in the united states of america it seems like the answer is no, there are no undecided voters left out there and the question is, are there votes out there for both of these candidates to turn out on election day itself. some states are predicting long
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lines today despite all of the early voting that we've seen so far. it could be a massive turnout election >> all right let's go to brian. you've spent the last nine days crisscrossing these states what exactly can you tell us, what are the key takeaways that you have seen from this trip across this kind of northern, northeast and midwestern part of our country? >> we had to reroute by the way. we were going to go to the top of michigan but didn't have time and the weather was terrible we got a bunch of takeaways. i want to quickly address the point about voters i spoke with the democratic party chairman last night here, called republicans as well, and about half the registered voters have voted early in kent county. which means there is still 200,000 or so people to vote today. so we talk about the lines,
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yeah, a lot of early voting, but a lot of people he said wanted to do it in person to make sure their ballot got in. i won't predict the winner, otherscan do that. but here are moo take ay takeaw. number one, the stickers, barns, the eyeball poll, i would say trump wins that. but biden who has outspent trump on tv ads by far winning the tv syed there are three commercials on in a break, two will be biden, one trump and occasionally a local jobs and the economy are key issues we talk about a lot of things to fix and to work on jobs and economy the one thing everybody wants to talk to us
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about certainly. and then of course voters are engaged, they are passionate and dare i say they are polite and i understand the narrative right now is everybody is enraged and there is angry and we're seeing boarded up buildings. and i know we're in the midwest. midwest, went to a couple polling location, people coming in, nobody is yelling at anybody, maybe with a sticker or hat on for the other person on their car, everybody has been -- maybe it is just the midwest nice, people have been engaged and passionate and the fourth takeaway is that it will be a heck of a night here -- i can't remember my fourth point so maybe on the graphic i can remind myself. i'm getting old and it is 35 degrees. there we go. small businesses are suffering thank you, guys. my brain is suffering. but everywhere we go, dom, we saw the ism numbers. they were strong but the small businesses, first
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off, you can dine in in some of these states spaced out, not a lot of people are. travel and leisure depression, even saying that whoever wins, the senate, the white house, we need small business help we heard that across all the states that we have been in. >> brian sullivan, let's bring eamon javers back in i want to look at some of the new cnbc change research states of play polling out on this election day it perhaps gives us a clearer picture on where the race stands what exactly do the polling numbers tell us as we head into this election day? >> this is fascinating because you see the massive national lead, some polls have joe biden ahead by 10% over donald trump but when you look at the battleground states, our final wave of polling shows joe biden is leading in all of those battleground states, the six we've been following, but it is
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much closer than it is nationally and that is where the decision will be made tonight in terms of who gets to be the next president of the united states take a look around the country, you see arizona, wisconsin, florida, michigan, pennsylvania and north carolina, all of them have joe biden at 50% or above leading, the tightest one there, north carolina 47-49%. that is joe biden below 50% there. and close to the margin of error here which is 1.7% so that is as tight as it gets in the state of north carolina the good news for on joe biden is he has more options here of paths to 270 electoral college votes than donald trump does >> and if i can jump in here, you look at the polling data, and there are a couple things to remember number one, when i started to really dig into these numbers a couple months ago and we were planning for this trip, two things stuck out to me number one, if the poll only
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asked you between two candidates, it will be skewed because there are other candidates in many of these states and then you go into the numbers on the third parties and it is truly remarkable i said at the begin of the road trip and i'll say it again, in 2016 between michigan, wisconsin and pennsylvania, donald trump's margin of victory was about 102,000 votes combined the number of voters who voted for gary johnson, jill stein or anotherthird party candidate was 635,000. i understand that we have joe jorgenson on many of these ballots. kanye west is on it in michigan. the third party votes not only affect the outcome, where do they go this year, but they faenlgts the polling often as well and i think that is what happened in 2016 suddenly the polls were just flat out wrong >> that is a great point eamon, you've watched the elections in the past.
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brian mentioned the signs count leaning towards trump but the tv count leaning towards biden. social media part of this process as well. this past weekend, i put a video up on twitter showing a massive parade of trump supporters on the highway in westchester county, new york that spanned for miles. which type of advertising or campaigning in your mind is going to have much more of an img pankt impact on those undecided voters that are left out there? >> no question that in terms of the intensity for your candidate, donald trump is way ahead of joe biden on that his supporters are more intensely behind trump than joe biden's are behind him and it matches what brian is seeing out there in the informal signage poll and what you saw in westchester county, although there is almost no chance that trump wins new york state tonight despite their best efforts. take a look at the driving your
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vote poll that we had as parts of the states of change poll trump voters, 84% say they are voting for trump, 16% say against joe biden. so that means that trump supporters are passionately for trump and joe biden doesn't have the animosity among them that hillary clinton did. on the flip side, 46% of biden voters say they are voting for him, but 54% say they are voting against trump and that sehows yu where the energy is, it is all about either for or against trump. not as much for joe biden. >> thank you both. and stay with cnbc all day for our continuing election coverage and of course our special coverage as ruesults start comin in, it starts at 7:00 p.m. eastern time and by the way, it continues overnight into the wee hours of wednesday morning as well. coming up, a special election edition of your morning's top trending stories,
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company, bertha coombs has the top trending stories >> the election version here, so of course we'll start with the votethat everybody watches they are in this dixville notch, new hampshire. the small town opens and closes its polls just after midnight every single presidential election the five votes cast there, joe biden took them all. that is the first candidate to sweep since richard nixon. the other new hampshire town that voted around the same time, millsfield favored president trump, 16 votes to five. meantime one connecticut based soda maker is out with results of its own avery's beverages has been selling campaign inspired drinks to predict the race and this week trump tonic has been outselling the biden berry 56%
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to 44% now, savoe r its soda sales have predicted every election since they started making them in 2008 and what would election day be without some free stuff? krispy kreme is giving a free glazed doughnut, shake shack is giving poll workers a free sandwich with proof of badge and chili's has a margarita, hopefully after you've voted and to help you with all the food you consumed, planet fitness is offering a free workout and massage today through november 8 i like the idea of the presidente margarita >> that might resonate more with me and brian, yes, the soda pop indicator, yes a small sample size since 2008, but the buskin bakery in cincinnati, they have
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predicted every race since 1984. and their cookie sales are far outpacing for trump over-biden how much stake would you put in some of these alternative polling measures >> i mean, somebody told me yesterday -- literally they were like oh, cnbc, we love cnbc. they said that whoever sells the most halloween masks is the real indicator to watch this is a real story so you can have your first off blue, not a political commentary, blue sodas, no thanks everything takes like the bottom of one of those bomb pop pop sick kems. you can take your cookies or your masks, whatever it might be, we shall see the alternative indicators all i want if there will be any promotions are two things. number one, i'll need about a dozen roses when i get home because i've been gone for nine days and my wife is home with the kids and i'll probably have to quarantine. number two, i want a free
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i-pass illinois, why do you have a tollbooth every three miles and it is always like $1.32? like make it a buck or two bucks or -- literally every mile >> i know that we have to go, but i would say one of the first things that i would do is put a national polling system or, you know, tolling system in place there so that we can go all 50 states with one e schlez pass. but that is just me. on deck here, voters preparing to head to the polls and we have solid gains. ron carson be and mark is an sandy are standing by. and remember, you can watch or listen to us live on the cnbc app.
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stocks are trying to add to yesterday's big gains after what was a lost month for stocks in october. futures right now pointing to a near 400 point gain for the dow jones industrial average, near 40 points for the s&p. joining me now is carson group founder ron carson, and also with us is moody's analytics chief economist mark zandi that is correct y thank you both. mark, i understand that you are coming to us from westchester, pennsylvania what does the pennsylvania economy say about who could win this election? >> it will be close. the economy is struggling. the pandemic has countrydone a damage a lot of lower middle income households that are reliant on fiscal support and of course we haven't gotten any additional fiscal support from lawmakers. but despite all that, the stock market has done pretty well
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here so high income households have done okay. but net/net, i think that it will be a pretty close election. at least that is what i see in my backyard here a lot of trump sign, a lot of biden signs. hard to determine who will win i think it will be close election based on my eye going of things. >> and i think safe to say that your thoughts echo most of what america is thinking right now. ron carson, what do you think? the economy, is it the economy that will dictate who wins this election and if so, what does it say about the outcome? >> i think the markets, especially this morning, yesterday, are saying that they think that it will be a clear and concise receive vehicvictor. i agree, it will be super close, but i think the thing is you have to figure out regardless of who gets in office, there is going to be massive stimulus there just is. i mean, we have covid-19 embedded drenktsly in our lives every day.
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and companies while some are doing okay, a lot of them are on life support so stimulus will encventually fd its way into the assets. so if you would have followed the economy earlier this year, it wouldn't are worked out so well but follow the money and stimulus, regardless of who gets in, there is more stimulus to come >> the stimulus is the key the idea that the america in america needs a jump-start and needs another catalyst for it. trillions of dollars more, is that what it takes to get the economy back to where it was kind of in 2019 before the paint hit? >> yeah, i think so. monetary policy can't really help here. the fed has interest rates at zero, but no more room there the pandemic is still raging and intensifying and i think that that will slow the economic recovery and a lot of hurting people, so
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i do think that there needs to be some support at least to the other side of the pandemic and once we're on the other side of the pandemic, i think the goal needs to be to get back to full employment as soon as possible and that will take some additional support i do think how much support we get depends critically on the election outcome so if it is democratic sweep, i think that we get a much larger fiscal support package or packages to drive the economy. if its a biden or trump presidency with a split congress, then things get trickier and i think that we'll get some fiscal support, it just won't be quite as significant >> harmark and if i could follow up, if you are looking to get back to full employment, what kinds of economic policies will any have to put in place that kind of get you there the fastest? is it infrastructure, is it more technology spending? what is it >> so the first package has to be more support for the folks that are hurting
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stimulus checks, ppp for small business, helping the airlines out, so forth. but the next package needs to be things like infrastructure spendi spending significant support to the economy. but infrastructure spending i think is the best way of getting the economy back to full employment that can provide support to regions across the country so we have problems everywhere and everywhere will need some help and nothing better than infrastructure spending to help all the communities from coast to coast >> so how do you feel that the markets will play out in 2021 given the fact that there is all the narrative around more fiscal stimulus coming done the pike? >> yeah, i think that we've had a shift digitally that we didn't expect.
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you can buy deep out of the money puts, you can put election protection on here regardless of who gets in. even if you knew the answer, i'm not sure that you will get the short term volatility right. just take the appropriate level of risk are. >> huge day for sure big implications thank you both and before we go, let's get black to brian sullivan, gland rapids, a very big key city. final thoughts from a battbattld state. >> i asked people four things what they cared about the most when it came to voting jobs and economy clearly number one. that was the key issue covid at 19% by the way, being in the
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midwest, you realize covid is raging here, but it is not the sense of panic that you have back east. and just three final quick takeaways with the markets, i agree with mark zandi, eye bay po by poll, i think that it will be close. and if you care about the market, the senate races may be more important than the presidential race. a really interesting one here going on in michigan and the industry has been crushed, a big thanks to the hospitality workers, coming to work masked up, restaurants, hotels, their industry has been decimated making the best of it, just trying to put food on the table. appreciate all the hospitality and i would say 98% of the people everywhere truck stops, gas station, whatever, are indeed wearing masks which is a lot different than it was when i crisscrossed the midwest three times this summer. so good news there, at least maybe on the covid front >> and we have about 30 seconds here eamon mentioned barn storming
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before how much is barn storming going to be a factor, how much is rural america going to factor in this particular outcome? >> oh, gosh, rural america will matter a lot and that is why i think that we went to minnesota, people say it is a blue state. i'm telling you, driving around, you come outside of any town five miles outside of rochester, minnesota and it is trump everywhere and if you look at the population base, a lot of people in those area as well. so minnesota, the reliably blue state, could it be a minnesota surprise, we'll find out wrapping until road trip and we'll be here all night of course and big thanks to everybody everywhere who has treated us with grace and kindness. >> and i'll be with you all dwroe dwroe overnight. we'll see you later today. and stick around for cnbc's all day coverage for that continuing election kifrcoverage as well our special coverage as results come in starts at 7:00 p.m.
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eastern time tonight continuing grover night dwroefro wednesday morning. futures are up pretty big, dow img appli implied higher by nearly 400 points squawk box is next need better sleep? try nature's bounty sleep3, a unique tri-layer supplement that calms you, helps you fall asleep faster and stay asleep longer great sleep comes naturally with sleep3. only from nature's bounty. yeah. this moving thing never gets any easier. well, xfinity makes moving super easy. i can transfer my internet and tv service in about a minute. wow, that is easy. almost as easy as having those guys help you move. we are those guys. that's you? the truck adds 10 pounds.
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good morning, everybody. welcome to "squawk box." i'm becky quick along with joe kernen and andrew ross sorkin and we're watching the markets and things are looking pretty active after big gains yesterday, dow picking up once again. yesterday a gain of about 420 points this morning you can add another 380. so 800 points after the 1800
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points that we lost last week. right now dow futures up about 379 points s&p by 38. nasdaq up by 72. >> meantime cnbc reporters, we are spanning the country really to bring you live of coverage from washington in key swing states this hour we'll be hearing from phil lebeau in wisconsin the scott cohn in north carolina later in the program, we'll take you to pennsylvania, florida and position michigan. we've got a huge lineup of guests to get you ready for today's election results we have congressman kevin brady, president trump's former chief of staff, election coverage will be continuing all day and we should say through the night as you would imagine. and then we'll see you back here at 5:00 a.m. tomorrow morning for an update on
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