fall. thank you for coming on fox business. to an end tomorrow. melissa francis reporting live from bahrain from the straits of hormuz and the fallout of the global energy market. tomorrow at to 5:00 p.m.. have a wonderful evening. ♪ >> mitt romney and his moment is here. set to the most important speech of his life. paul ryan has a searing message. >> year and a division of. gerri: what does the fed have left? our chief economist is here.

gas prices hit another rate -- record of the weekend. what is the energy future? we have an exclusive interview. a special convention addition of the route willis report. gerri:. >> hello. tonight is the night. all eyes on it romney as he takes the stage in tampa of florida. we have four o'connell four revised 30 john mccain. let's start with you. what does the need to do?

stakes are very high. >> the most important night of his political career. talking to the reagan democrats to tell them who he is, what he is about to and he asked to make them comfortable. if he can it will be a good convention. gerri: should he attacked obama? >> i think he has to objectives. first to look and sound presidential. it is a litmus test for those watching on television imagining him with the oval office. are they comfortable they

will help him? not if they like him but trust him. that he will help them. it is about the voters. gerri: pat, what does he have to do tonight? >> connect with the audience he has to be accessible, not remote. not like the would been in the end of have empathy. number two, relate to his experiences to help people. and third, he needs to connect to big issues. this is how we move to the pro-growth policy with a

vision and a plan. he needs to incorporate the crisis. the country is in trouble. we are running out of time. gerri: that is a high hurdle is. >> if i could, that has been missing from the convention is the word growth. we heard about austerity, reform, fixing, s aving medicare. but that will not happen unless the economy grows. gerri: do you agree with that? >> there has not it is extremely important. the number one task is to make a voters comfortable and trust him how he

addresses issues. gerri: i want to recap the paul ryan speech. if it was so good will it overshadow that romney? >> i give him credit. i thought chris christie's performance was unbelievable despite what washington thought. and paul ryan was devastatingly good. to make him "demonic" is hard. but they've could say this is not as if the party of the noverco the party of the future and if they succeed, it is a plus. it is a republican brand.

gerri: this statement last night about college graduates. >> they should not have to live out their twenties and their childhood bedroom staring at the faded obama poster wondering if they could get on with life. focusing on the economy with the here and now. if you feel left out were passed by, you have not failed. your leaders have failed you. gerri: that is pretty compelling. and the g.o.p. appeal to younger people? >> they can. they have to show willingness to take on

entitlements and education but not just gloss owe over no hope but say this is how we do it. gerri: george w. bush talked about the big tent republican party the condi rice was eloquent with her speech. >> in ways it was the most complicated dealing with foreign policy and domestic. i thought it was a lot to chew on but it was delivered brilliantly. the crowd loved her. gerri: the specter of ronald reagan this every where. they mention him all the time, almost a ghost over

the shoulder. this is from 1980. >> can anyone look at the record of this administration to say well done? and they compare the state of our economy when the carter administration took office and say keep up the good work? and our reduced standing today and say have four more years of this? gerri: could that happen tonight? >> yes. you will have some of that. the public already knows how they feel about obama. but the point* about education is civil-rights that you should not be

restricted to years of code. they have to go to answers. obama negative is high on the economy. reagan was a known entity, established figure. there is still a lot murky with mitt romney. there is plenty of time for the negative -- negativity. >> i agree. he has to talk about the future. condoleeza rice -- colusa rice shutoff about going forward and if he can do that. gerri: we have to leave it there. it will be fascinating what

do think? whose speech had the most impact? or are you waiting for tonight? i will show the results at the end of the show. as tampa says goodbye charlotte well say hello to the influx. which cities are old hats? we have the top six. each have posted six conventions. new york city carter, clinton, a george debut bush. cincinnati 1924 percoset st. louis woodrow wilson 1916. number three, philadelphia seven major political conventions most recently

2000. number to baltimore. if the not a popular choice since 1912 and number one, chicago 31 conventions three out of florida for fdr also the controversy and one of 1968 after they scrambled for nomination after the assassination of rfk. which donors get a boost? don't miss this tycoon asking if the mitt romney's plan to be energy independent by 2020 is by

and this guy? ♪

gerri: not often you can describe somebody the son of a sharecropper and self-made billionaire oil tycoon. harold hamm ceo continental resources and by saying the romney campaign on the will industry. great to have u.s. the debt -- as a guest at. >> good to be here. gerri: you said on your website at that obama has done everything he can to stop also fuel usage as a. how was meant on the different? >> first of all, that the

benefit he has taken away and secondly you cannot get a permit. f. is just impossible now one federal land and lots of the agency's comedown for no reason. >> they said romney's policies would take us backwards. >> that is not correct. it is a good common-sense policy. and the best thing for america.

we have renaissance of american oil and gas. we're making headway with four nol which is very important with a great supply of natural gas. gerri: when you look at that what is the ultimate impact? >> you need to look at it for the country. a study just came out that in north america and canada weekend increase the supply 30% by 2016 for quote a big

change. >> there are questions valued by aids the romney administration. you say the best policy is what about your $11 billion of wealth? >> this is day critical election people realize the most important in my lifetime. we do what we can. i tried to do what i can for the country. we need to turnaround. my money is made. i am fine.

i have been for a lot of years of i don't make another dollar. but the direction we take it is a lot of things that could happen. that is what we have to do. gerri: you are 76 on end of whirled richest people. the president says you did not build that. >> i started out with tanks with one middle service truck. we have been 45 years in business. they must not go to oklahoma zero or number dakota. [laughter] we built it the hard way one

step at a time. gerri: critical adviser to mitt romney, harold hamm. thank you. >> good to be here. gerri: a burst of sunshine with new orleans now plagued with flooding from tropical storm isaac. the damage may not be done water continues to rise and the dam is under pressure for process as a more than 1 million people have been that are without a people and the storm is weakening and will turn into a tropical depression by tonight those who suffered through their worst drought are worried isaac may bring

to much of a good thing some are expecting the at 12 inches of rain from louisiana through iowa. then it could make it to muddied to work for the equipment. and influence of back the stock price with their advertisements at the convention? we have more. stay with us. ♪

gerri: breaking the tails on romney speech tonight. live on fox business. now is the time to restore the promise of america. america needs lots of jobs for our wish obama had succeeded because i want america to succeed. also calling for new trade agreements. stay with us. invested the stocks of companies that donate to the winning candidate stocks biggest donors get the post election boost from smart money.com. whether due to the clout to where contribution for

serendipity, nobody knows. goldman sachs executives and workers gave obama $1 million and the stock went up 100 2%. also other contributors have gone up. microsoft, google, a time warner, outperformed us of the 500 on average of 8% and the employees' contributions favored obama's as well. they saying a portfolio on contributors is of the state. although some have better policies. health care went to well under obama and if they contributed heavily 9 million vs 6 million. and banks have switched

their ties from obama. year the top donors. obama. technology company is. microsoft, google, time warner, i am. look at mitt romney. goldman sachs, jpmorgan chase, morgan stanley, bankamerica, credit suisse. corporate donors usually hedge their bets that is why they are on the winning side. we will be back with exurbs from his speech tonight. one of the featured speakers is the oklahoma governor mary foul in. ♪

one. gerri: only four hours away from it romney's biggest speech of his career. neil cavuto is live. could be undersold on the speech? >> is important and crucial. he has a lot of good speakers ahead of him, marco rubio introducing. also clinton eastwood. i know 51 to two come after him but that does help because i go with east would between that or george

clooney but it will add to the pageantry and has been well scripted and choreographed to a tipple -- typical business sky running this. these tend to run late, the guest does not show up. it is well ahead of schedule covering bill clinton's convention, while lot of passion, a lot of late everything. that embodied the presidential atmosphere but mitt romney is a stickler

for time when you throw a wild card event like clinton eastwood they can frame it we just don't know where he will fit in. he will be consistent of the general script. to much government. a consistent theme pounded again and again. gerri: details of his speech coming and 5.plan with unemployment, school choice choice, cutting the debt and will this pact the pledge of paul ryan? >> that is not his style to go for the jugular. looking at that speech he will complement obama it was

a watershed event but say the best you can say is his supporters never felt better because it has been downhill since then. he will try to take the high rod -- high road. but he will embrace his bain capital-- , business acumen acumen, ability to turn things around, showcasing in a revealing video showing the warmer side of capitalism. he will endorse his capitalism and driven by principal doing for his country.

he will say look, harvard mba, a harvard lawyer, very wealthy, not the school of hard knocks but i embrace my success. i want you to also. given our country's problems who takes over the job? gerri: we enjoyed every minute of the coverage of particularly the interviews. the paul ryan interview was amazing. [laughter] gerri:. >> golf networks are angry it went viral. i cannot help it. he saw me. came up to me and spent 15 seconds but it was bonding. meet them in a parking lot.

it works. [laughter] gerri: good night tonight days ago but tonight. the convention wraps up in tan but tonight. prime time kicks off tonight with governor jeb bush. and then things get interesting with the mystery speaker clint eastwood. he recently endorsed mitt romney after featured in a high-profile comeback commercial about chrysler. make my day. 10:00 p.m. are rubio leads it off. and just getting in a few

details talk about the 5-point plan we will listen carefully. bill cavuto will have complete coverage. the individual speakers were carefully chosen not just great presenters but great stories also. governor mary fallin. great to see you. i wish i had numbers like this approval rating 610 percent disapproval well below the nation. the republican governor doing the right thing. does that the resonate? >> absolutely.

look how they do around the nation in. that is what of mitt romney is all about. he talks about the high unemployment rate above 8%, led debts of $16 trillion, americans are suffering and what he will do as president to get the country back on track. gerri: so many governors are women. you said the election is about three enterprise, not a free hand out. that plays through the speeches. i think it will resume. >> absolutely. governor romney will speak

about his experience. and nation with challenges you want somebody with big solutions, a big ideas, whether massachusetts with high unemployment and deficits. when he left unemployment below 5%, billions of dollars surplus, turning around company is. he knows how to turn things around and where it needs to be going. >> what is the biggest challenge? probab a bump in the poll but then weeks before the election and the annex we will get a big bump. there is a lot of excitement and enjoy a hearing about

ann romney the man, father and his personal side. we were excited to see paul ryan last night. he understands the big issues and will be a great asset. keeping the momentum going. especially those one-on-one basis i know he will do that. tonight people will see a side they will connect with helping them to move around to the election. gerri: thank you for helping us out tonight. how do know the credit score is the right one? a speech to move the market significantly. what will ben bernanke say tomorrow?

we are in jackson hole wyoming. ♪

gerri: demoralized turn from

tampa florida to jacksonville they should jackson hole wyoming where policy-makers and from around the world are gathering and he will deliver a major speech tomorrow. joining me now our market economists, well then bernanke tip his hand tomorrow? >> beyond what he already said i don't think he will break any new ground. monetary policy is very stimulative. gerri: we got a surprise of gdp with retailers reporting decent earnings. could bernanke say no?

>> that is a great point*. the federal reserve has a signal and is prepared to provide guidance on interest rates or more liquidity. believes seemed favorable news on employment, sales and housing. it puts the fed in a bind providing bernanke will say the fed stands ready to provide more stimulus should the conditions merit to but it is a wait-and-see proposition. gerri: if mitt romney is elected, who would he

tucson? >> mile is loathsome into people who have counsel and a vice but i would select someone who is a new person to the chairman position sharing my economic views. i have nobody in mind but as a grade economic advisor but there are many that i would consider for an appointment of that magnitude. gerri: who do think is the most likely choice? >> i cannot guess. the issue boils down to what type of fed chairman lead romney be comfortable with with the pro-growth policy? into perspective he faces a tough task was acquitted the

facilities quantitative easing number one now know the reserve is under pressure. not the administration, but congress. the economy has been growing slowly but not as due to monetary policy but other factors. what is the role of the federal reserve? the incredible and providing the environment for stronger economic growth. whoever is elected can

choose who they want. the outcome will have a composition of the board. gerri: should he be more activist or less? >> right now through quantitative easing one and two and others there is excess reserves in the system and the lowest interest rates. i don't think more easing would help. i would recommend that the fed said on its hands and urged other policy makers to apply fiscal policy. that is a difficult issue because it is chartered by the congress and it is hard

for the fed to say the issues extend beyond monetary policy. so if they want to do more they could argue it would not help that much. gerri: it is a pleasure. thank you mickey levy. still to come the truth about your credit score. don't go away. you see us, at the start of the day.

on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank.

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3-d 49 separate fico scores. why so many scores? >> three credit reporting agencies, five systems nine of those have variations that is where it comes from. gerri: what doesn't mean? >> they will not compare numbers to make different decisions. you don't know which agency they will use to base their decision. gerri: the august 4 or bank's core what do i focus on? >> none of them. good credit management transcends all of them that

is the good news whichever is used. gerri: is improving the generic score the way to go? >> this is the first time we have talked about the generic version. it is the basis for the other variations of credit-card and auto lender avoid derogatory if remarks and you are on your way to a good score regard list. -- regardless. another great example i care how you pay your credit card bill but i really care about the auto loan. some are so severe to credit card, a personal finance, a

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it's not a dream. america's natural gas... putting us in control of our energy future, now. gerri: met ronnie taking center stage tonight and he has a lot to live up to. whose speeches have the most impact so far? 42% of you say paul ryan. number three condoleezza rice. that was a rocking speech. finally, we report a lot about the financial state that we are in for the s&p downgrading the state of illinois credit rating one complete notch from a plus two letter day. it is 83 billion-dollar unfunded pension