taxes and availability of credit. it can be done. i hope the administration is taking notes. thank you for joining us. we will be back here tomorrow. >> good evening. last night's third and final presidential debate has the largest audience record in the history of fox news channel. nearly 12 million people tune din despite the competition of game number seven of the baseball championships and monday night football. but with exchanges like these between governor romney and the commander-in-chief the third

and final debate could crash the pastime and the nfl at the same time. >> the 1980 s are calling to ask for their foreign policy back. the cold war has been over 20 years. coming to foreign policy 12 the policies of the 1980. >> is the middle east to reject the terrorism lear seeing with the rising tide of tumult and attacking me is not an agenda. >> but to execute foreign policy every time you offer an opinion you are wrong. >> russia is a geopolitical foe. excuse me. geopolitical. in the same paragraph i said i ran is the greatest national security threat we face. >> mr. romney needs to look

at how the military works. you mentioned the navy, fewer ships and 1916. we also have fewer horses and bayonets. the nature has changed. we have aircraft carriers where planes land on them. ships to wonder water. nuclear submarines. it is not kadima of battleship. >> the navy said they needed 313 ships. we are at 285. many be requested more. >> the sequester is something congress has proposed. it will not happen. lou: the president was mistaken. first he did not initiate or had any basis to say it will not happen. fox news reports he has not

even had a conversation with john boehner about striking in the deals since july. the president was off to the fact real last night. talking about bayonets as he mocked mitt romney. they were used just after september 11th to train forces. military still requires bayonet training. the marines issued 100,000 since 2003 at a cost of $4 million. the army issued more. they trade with bayonets and go into combat with them. the president was wrong about the number of ships. vice admiral ferguson two months ago "should sequestration be enacted the navy would not be able to support the current national

defense strategy." president obama was from monday trite when mitt romney wanted to give no government help. his 2008 op-ed "the federal government should provide guarantees for post bankrrptcy financing and assure car buyers that their warranties are not rascals quote. justice sample of the president's deviation from fact. the condescending attitude highlighted in many repeats today. syndicated columnist said mitt romney when large and obama went shockingly small. what obama did is kept interrupting and his responses were small. very small. petty attack.

>> the president appeared more like the challenger than the incumbent. >> stephen hays said it seems the president condescension has crossed the line from aggressive to disrespectful. will voters like him lockheed romney? >> he appeared to be constrained and elevated. lou: the poles are still moving in that romney's direction. investors rattled and the future uncertain with the election to weeks away. will there be the october surprise? november surprise? we haven't covered. ron christi, and chris sky9 walter and john silvia. and ed klein will be with us. the first guest thinks the president needed a knockout

and did not get it. he seemed abrasive some analysts day the president may have committed a critical tactical air. special assistant to george w. bush, ron christie. was a dead mistake to be energetic the critical? >> they give this moment when the realization comes the trajectory of the race leads to loss in chicago they realize things are moving to defeat you have to do something to change the dynamic. had made the good to look like he is above the fray they needed more than a ratification. that is why he came out

swinging. it hurt him but they need to change the trajectory. there was only 14 days. lou: he made sarcastic remarks. talk about aircraft carriers, was that of mistake? >> it was a terrible mistake. the president came across been very small. being the president your elevated. for him to insult the individual made him look not only weak but it elevated governorrromney's stature. looking up in the upper midwest where obama had been ahead he is losing the one thing he had going was his

like ability. people do not like a petulant president. lou: he said there will not be sequestration after denying it was the white house idea that as documented in the bob woodward book. what is going on? >> the president knows when it comes to sequestration and the debacle over spending and taxation and the can kicking this really reinforces the great weakness he has on debt and deficit. and in virginia us state he could shut the door sequestration is not popular

with hundreds of thousands of jobs on the line. lou: looking at virginia and others, the president is dismisses of the impact to talk about the budget with bayonets and aircraft carriers, does he run a larger risk? >> yes. the administration by law passed to notify defense contractors within 60 days. the obama white house has blocked that. if you make these condescending remarks, the american people want to rally behind their president. given a new agenda will be little his opponent. there is a no reason why

former years makes my life better. lou: governor romney did not go after the president on libya, benghazi, the administration's laak of transparency of what happened. was that a correct decision? >> it looks like it. the most important thing he needed to do was not look scary to the swing voters voters, the women like and cleveland and milwaukee. he passed to look like a safe alternative. if he would got into the weeds he would miss on the larger message. the policy is a little delighted. mitt romney decided to drive around the issue you want

obama out and so do y. let's hitch up. lou: your thoughts of the directions of the polls? >> mitt romney is rot and -- riding a crescendo. governor romney should talk about pocketbook issues. lou: did he do enough? >> he may have won the he did not achieve the objective to change the trajectory. he failed in that regard. lou: thank you. the obama campaign talks about big bird and bayonets. we will take it up with the "a team." two weeks until election day. president obama has unveiled his vision for america of. >> my plan will take america

of four wordpro you can see that the numbers work. lou: we will take care of that in the "chalk talk." >> the dow takes a 200 point* tumble. are the market set up for a collapse? john silvia. next. [ male announcer ] this is the age of knowing what you're made of.

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with a 50% annual cash bonus, it's the card for people who like more cash. [ italian accent ] 50% mo dough! what's in your wallet? lou: the big sell-off today. disappointed by earnings pushing to the worst one day loss in three months. microsoft and intel were higher. losing 423 points. who would have thought we would say volume was picking

up at 3.6? 400 billion shares from yesterday. the s&p down 21 points. crashing through the 50 day moving average and the nasdaq dropped more than 26 points and lower than the 200 day average right before the 17% rally. material stocks were lower and united technologies, 3m disappointing earnings guiding expectations lower. 57% have beaten expectations it may seem good but historical eight it is lousy it is the worst performance since 2001. apple introduced updates but

the price tag of 329 to high to compete just low enough to hurt the full-size ipad. this stock is down $24 a share facebook was better than expected. 14% now comes from mobile products. the stock is down all day but an after hours baby targett but dow chemical is considering laying off 2400 people closing 20 plants to cut half a trillion dollars of cost. the plan was mistakenly released in a draft email. new data from the census bureau shows the u.s. owes foreign government more than

5.4 trillion dollars. that breaks down by household to more than $47,000 from when obama's took office. the debt to china alone is the 1/5 and comes to $10,000 per household. pony up. joining me now john soviet. -- sylvia up. the sell-off was nasty. >> i was intrigued by the list of companies including manufacturing companies. when the economy looks like it is slowing down manufacturing takes the hit. what we will see list of a 2% growth is more like a

1.5. >> as a look at the market but it was a mixed in asia performance. europe said we are letting go just like the orderly process what is going on? >> be other countries cannot pay their debt it out have of bail-out with the defense with the austrians to give you extra money. there is the realization it is not working and they don't have a plan. lou: as we say we're is timothy geithner? why isn't there coordination

with the powerful unions that has grown up? why isn't he working publicly a2 reassure? >> interestingly. it is leadership you would think the u.s. would be a partner in the negotiations. lou: it occurred to me. of course. financially we do the same with geopolitical. leading from behind. >> you said to be a good leader on diplomacy's side you have to be strong on the economic side. some of the comments you have made suggest we don't have that link. we are falling back not

giving it economically. >> what about the investor? give us council on what to do, what we should be thinking about in the context of the economy 1.5% and i heard optimism. >> a lot of that is inventory. you have weaker growth than expected not so sure about the fiscal cliff. caution is the word. lou: but paul krugman wrote a column to say uncertainty is overstated turning to goldman sachs. was mcdonald wrote a great

piece. on foxbusiness.com. she takes paul krug apart. do support her? >> yes. it shows that economic uncertainty is very high. -ou: great to talk with you. momentum appears to be mitt romney's. we he will need more momentum. especially in ohio. the president has a new plan and it looks like the old plan there is a reason for that purpose stay with us. the "chalk talk" is next. you see us, at the start ofhe day. on the company phone list that's a few names longer. you see us bank on busier highways.

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>> the policies of the last four years in comes declined every year. valid down $4,300. 23 million americans are struggling to be -- by job. you said we would be 5.3 percent unemployment. down 9 million jobs short of that. lou: you cannot escape the main concern. jobs. two weeks to for the election the president on the campaign trail brandishing his brand spanking new second term plan. he did not want to leaded out to soon. this is not official.

this is the copy. we decided to spend money on paper. if you don't want to read it through the 20 pages i will it meant there are pictures on almost every page. [laughter] this is quite a document. to be reelected another four years and has this out. i will confess something. there are is zero new proposals. the president explains he will use half the savings

from winding down the wars amounting to $850 billion. that is a lot of money. somebody forgot something as they talk about investing the money. we have 1.1 trillion dollar deficit. that has to be paid. straight away. these wars are paid for with borrowed money. >> 432 days.

59 points at has ben condensed even normal voters can understand what the governor had in mind. good paying jobs for hard-working americans is the foundation of the american dream. so that is not a good idea. 23 million americans. from the law project found 60% of the jobs created under the obama administration are low-wage. 60%. v-22 are midway age it is

interesting to compare this to jobs that have been created. what about jobs lost? the exact opposite. 60% were mid wage jobs. this is the direction from 2009. low-wage are exploding and with blue-collar states governor romney's seems to be searching. >> day call-in foreign policy debate if the president was agitated agitated, condescending, abr asive leading from behind. >> our alliances have never been stronger. a share. you're up. africa.

with israel where we have unprecedented military and intelligence cooperation including dealing with the iranian threat. lou: did the president's performance appeal to the undecided voters? two weeks until we vote the president gives up the important swing state they have conceded another state to governor romney. trailing in the polls the president has a new plan to create jobs. is that another amateur move? and ed klein joined the next.

lou: we keep saying it but i cannot believe it. 14 days until the election

mitt romney has a 548 lead according to rasmussen. the battleground poll gives a two-point advantage and new -- nevada and hampshire now hotly contested the president loses ground in nevada with only a 2.the and was leading seven points last month. in new hampshire met romney has a 2.lead hoping to extend that to ohio tied 47% each. the president trying to create momentum releasing a new version of an old plan to create jobs. doing the me now is the author of the amateur on

"the new york times" best-seller list 22 weeks. start with the debate. your reaction? our people surprised mayor romney did not go after the president on benghazi for that to he was so invigorated? >> the plan that business has been missing something that we finally saw last night romney had a clear strategy and like ronald reagan to portray himself as reliable as someone you can countton, dependable, not someone to be afraid of. someone who was presidential and started back in july.

he did a great job last night. lou: the governor has been very firm. but never threatening. that is one of the reasons he did so well. he blew the doors off with the largest historic margin. >> i spoke tonight to some people with the romney campaign. they told me back in august after months of being demonized by the above above -- obama campaign, tagged romney. and advisor when he was governor and the last

election they decided to intervene to do something about the guy who was running mitt romney is campaign. stew stevens had complete control over all aspects including advertising, strategy, they decided he had been overemphasizing jobs and the economy at the expense of character and like ability. during the convention they set him up to be much more likable and carrying that out. lou: he is still there but not as overextended. putting that kind of the. what about romney not going after that benghazi storey? there is such a massive contradictions.

>> it would please me and other people they made a calculated decision the base to was eager to see the president's years and back. to make the decision to be more presidential, kind and gentle talk about peace and don't get into the weeds over benghazi. lou: we will get some empirical evidence. as they start to kick and with the battleground states. secretary of state clinton that just took responsibility was trumped almost the next day by the president taking responsibility.

where is she? a foreign policy debate and secretary of state not in sight? >> the national security advisor, chief of staff, nobody was mentioned. when there is the discussion who would take responsibility bill clinton does not want to see his wife as a scapegoat -- scapegoat because he wants to run her 2016 as the democratic nominee. she has told her legal team she has cable traffic proving she was on the case she knew there'd be a security problem to do something about it.

>> more on last night's debate and what it portends. in a moment. everyone in the nicu, all the nurses wanted to watch him when he was there 118 days. everything that you thought was important to you changes in light of having a child that needs you every moment.

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lou: the president's supporters giving up on north carolina. adviser to the super pac and buys is obama's. >> has given up on north carolina? >> yes. i am not supposed to say that. but if you look at where he is going and spending money money, it looks like romney will carry north carolina. lou: rahm emanuel agreed telling tampa bay times in romney is likely to win north carolina. averages up 5.5 points. former president carter

blasting president obama for maiming to make progress on middle east peace. he called out the president "the u.s. government policies has been rapid withdrawal from any controversy prepare president has been a powerful factor to advocate the two state solution that is now not apparent. now on top of everything else of fellow democrat biting at his ankles. don't call first-year students at the university of north carolina freshman. unc is dropping it to more gender inclusive language. the same school that until recently considering in-state tuition for illegal immigrants under

considerable criticism for denying in-state tuition to the iraq veteran and owns a home in north carolina and only move away briefly her husband was stationed in texas. they have reconsidered illegal immigration but not her status. up next obama's declares military sequestration will not have been. it seems fragile based on the advisers response. things are beginning to get rolling. and regions is here to help. making it easier with e expertise and service to keep those wheels turning.

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lou: the "a team" tonight. fox news political analyst, angela mcglowan. lis wiehl, and former adviser to clinton and many others, hank, start with why did the president have to account to governor romney auntie 12? >> he did not ask. we both expected him to be more aggressive but he was courting the women's vote we are not monolithic voters but i do think there is something. lou: 2% if you are. [laughter] >> but verr general broad brush women don't like

confrontation in their personal lives and don't want in their living room. mitt romney was banking on that but it was frustrating for me to not hear him say a few cross-examination questions. he did not do it. >> mitt romney looked presidential that obama. he moved into the center. conservatives will vote for romney, liberals obama. i think he will be victorious with the women. >> the turnout will be critical but the people who voted for barack obama last time the vote this time with is there any reflecting

higher intensity i have not seen that. the old theory that champion makes the pledge in may it hard again. mitt romney has greater sense of intensity and those from obama. that is bad news. >> obama's talks about romney a mischa but we know it has been the abomination. romney is the answers. >> not following up on libya it brought back. i thought this is the one chance for foreign policy. they would bring it back. that was smart because that is what we care about.

>> when romney took the jab at the president he was talking about virginia, talking about industrial jobs they were talking to ohio. lou: now looking to be the critical state some suggest ohio that proposition will be determined. specs of people say that is our florida. even election night we may not know. >> enter the lawyers. >> exactly 87 talk about florida 2000 that is complete nonsense. if the what has of one his home state of tennessee would have been done.

>> and they have endorsed mitt romney. tennessee has endorsed mayor romney. >> as the state's ball to either one. florida, virginia, a new and ohio. then it becomes more important. ohio has more value. >> he got a 16% of the black vote and got for a more years. is unique. lou: we're not seeing surprises right now. 92% for support with the possibility we will see that

diffuse? >> you have some same-sex marriage and abortion that is why the blacks voted for bush 2004. they may stay home. that could hurt obama. lou: who wins ohio? [laughter] >> today is obama. >> mitt romney. >> obama as of today. lou: we will check 10. think you. our viewers are not impressed with the president's performance class night. we will check your thoughts. with the spark cash card from capital one,

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lou: now, for your comments. michael tweeted to say it is over. last night we saw a childish president and an adult ready to llave. more than readyyfor president on a and can it's sad to hear speak, it is as if to hear someone ask speak of the last four years. and we have another guess that says you have an integral news reporting style in we love your show. let me repeat those words. no, i'm kidding. but i will add to them. claire told us that