the worst midterm loss for any two-term president since harry truman. if republicans take control what will that mean for the markets. charlie gasparino and anthony scaramucci are next to me ready to go. p>> oil prices hitting levels not seen in three years, thanks to the saudis. speaking of oil, turns out isis needs manager to run all the stolen oil fields. you won't believe how much they're paying! desperate attempt by retailers for you to get to spend this holiday season. even when they say it's not it is always about money. melissa: republican victory could ignite a party on wall street as voters head to the polls today. investors might want to remember one specific decision of power historically leads to the best returns. -@let's bring in our panel. our very own charlie gasparino, and jack hough from "barron's,"

anthony scare my think from skybridge capital. >> you hate when i do this, don't you. melissa: you are the tweeting or texting breaking news. >> i'm telling them i'm on the show. melissa: people are right there out in front of you. you don't need to weet to them. >> sometimes i wann them to know. you know. it does work on occasion. melissa: okay. so the combination, republicans controlling both houses, the presidency and democratic hands, that historically -- >> generally. you know, statistically that has been the best. >> i would say one caveat to that is, in this case because it looks like republicans are going to win. we don't know how much, and say they have a decent mandate. they pick up seven seats. you would think that president obama would play ball with them on some degree of regulatory reform, on some degree of tax reform and obama -- melissa: maybe it is not that. maybe like true deadlock with a president and congress with true deadlock. is in the president goes on the

offensive, grants massive amnesty for llegal immigrants. goes on -- melissa::goes nuclear. >> which is withii his personality to do. listen i would like him to play golf for two years. melissa: hop in. >> it is uttee nonsense to think the presidency or has anything like that has anything to do with -- >> so republican congress didn't force bill children ton to adopt more pro-growth measures. >> saying this is historically the case is, how many congresses have there been. >> with all due respect. melissa: would you like to get in here, muc? >> i will listen who i am agreeing or disagreeing with. at the end of the day the presidency is most powerful seat. bob dole said the best view is look out on the rose garden. this guy has enormous amount of power with those two things set up. melissa: not coming out on the road, not seeing anyone. >> i will make this prediction, this is very good for markets. nothing is going to happen.

they may make a different prediction. >> last time we had this type of government during the clinton years, it did have an impact. bill clinton moved to the center. he got rid of -- went from raising taxes and pushing, i know pushing hillary care. let me make the point. raising taxes to pushing hillary care and cutting capital-gains tax in particular and deregulating the financial system. that was a huge -- melissa: what other issues we have out there. wage rage heating polls. minimum wage on ballot in five state as well as in san francisco. in san francisco they're looking to raise it to $15 an hour. right now they have the highest minimum wage, $10.74 an hour. what i love in illinois, they have a meesure on ballot doesn't do anything. we're interested in your feedback. we're not going to do anything about it. would you like to raise the minimum wage? jack, let you go first. >> you know, well know i m in favor of a higher minimum wage. saddens me we have to do these ballot initiatives and ad hoc

increases here and there. we ought to have decent liveable minimum wage to the rate of inflation -- >> minimum wage in west virginia would be exactly what it is in new york? melissa: wouldn't be better on local levvl? >> states need to make their own rules but need a federal minimum higher than. >> jack will win this one, whether you believe the economics or not political momentum is there, i disagree with you. i feel like the momentum was in that favor and it was working for a while. then isis came around. then ebola came around. this issue was still hot this summer has gone away. >> majority of the americans want it but republicans never put it up for vote. will not individual on federal level. >> why is president's approval rating so low. why are republicans probably going to win. >> he is the no doing a great job. >> democrats are likely to lose governorship in massachusetts and connecticut and they're campaigning for minimum wage. >> i do. melissa: crude oil slipping to three-year low following

saudi arabia's decisions to cut sales prices to the u.s. they're cutting wholesale price. this is interesting. a move on market share. they're trying to hang on to customers they have. it shows you fundamental weakness in the market. what do you think? >> phenomenal strategy for them. they're playing to their strength where they know they can chop prices down to eliminate production. melissa: they can stay in the battle while others are driven out -- >> stay in the game way longer than othhr people. it has a huge benefit to the united states as it relates to about $1.1 trillion stimulus to the economy. certainly helps to lower -- >> think offpolitical, why would they do this from political standpoint? >> it those the for political. it's a monopoly. read henry kissinger's book called, the world order. saudi arabia has been walking tightrope between iran and extremists and traditional place for a long time.ecca of islam they don't like the extremists. this may be a way to crush the extremists. melissa: and russia at the ame

time. >> i did read that book. but the saudis have a huge wahabists contingent. >> they do. >> inside of the country. >> so turns out that the bedbugs are the least of pimco's problems. charlie what is going on there? >> what a toss. this does not involve bedbugs. i've been taubing with financial advisors aad looking at documents at pimco post-bill gross leaving as chief investment officer. i will say this, this is the headline here. pimco is going through a major transformation, particularly in their total return fund post-gross. -@what are they doing? they are deleveraging. they are disclosing more this comes as se c-ramping up investigation into part of the total return fund, particularly this etf, whether or not they probably disclosed or marked assets at market or value assets. pimco totallreturn fund, biggest mutual fund in the country or the world, is going through a

fairly significant deleveraging post-gross. this is what i don't know. maybe, anthony, you know about this. i don't know if it is sec related or reason why they had% the battte between gross and current management? >> i think there is a lot of smoke here. there is a fire someplace. one other thing we have to look carefully at,,looks like they were marking their dollar-denominated latin american bonds as u.s. based and not off the -- >> i think pimco is trying to simplify and save its business. things went wrong when bill gross made a massive 2011 macro bet against treasury yields and that is not where pimco wants to be. closer to the benchmark and wants to make money on security selection. >> the real question here, i'll tell you from looking at these documents -- >> was he fudging off the prospectus. >> this is it. i can't tell you ii he was. i'm not that smart. a million ways to fudge to be within the letter the of the law or even more than the letter of the law. what people are doing, looking at emerging markets portfolio,

they're looking how they marked their emerging markets portfolio pre-gross and post-gross. there are changes involved. i can't tell you whether it is illegal or not. i can tell you sec is looking at it. it doesn't look right. i've done this story. we have a story on foxbusiness.com. this story will not go away of at election, alibaba soaring to new highs, briefly topping $105 a share momentsing a after the first earnings -- moments ago after the first earnings report beat the street. they talked earliir today about the acquisition rumors. >> they have been a great partner to us. they are over time they could be helpful to us, over time and in overseas markets but right now really our focus is on growing the core commerce business. >> hmmm. what do you guys think about that one? >> it was a non-answer. i mean i think, he left the door so open to buy them it is -- i more. have pressed him a little

>> they're not ready yet in my opinion. they have to get three, four, five quarters out there of reporting before they do something like that. >> that is not a long time. >> that is not a long time. they're just not ready yet. ttey have great growth prospects. this will be a killer stock. >> if revenue numbers were really hot, one thing amazon is proven, if you have good revenue growth investors don't care about the earnings trajectory if the company invests wisely. i think investors go after this stock. melissa: great job, guys. if they give the senate to republicans it could make history. find out why democrats may be sent ack to the truman era. plus be still my bet beating heart. why all you need is a pulse to pay with this gadget. "money," coming up. ♪ so ally ba really hano hidd fees avings accnts? tha's right. it's just thai'm woied about you know "hiddenhings..." okwhy's at?

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>> after months of campaigning and a record $4 billion spent, candidates now face their greatest challenge, getting americans to put on some pants. [laughing] which is why i am so excited by a brand new get-out-the-vote tactic. >> vote or else. voters are shamed to casting their votes. melissa: sorry, i liked that. the democrats are second-guessing their game of presidential keepaway, wondering if it did more harm than good. all that byron york of "washington examiner" and fox news contributor. mary catherine ham, editor-at-large for hot air.com, fox news contributor. brad blakeman, former senior advisor for to put george w. bush. thanks to all of you for joining us. byron, let me start with you. what do you make of the fact that the president is in quarantine today? >> he doesn't want to make anything worse. it is possible to make things

worse. it is interesting the democrats are rethinking running way afrom the president. certainly in something like kentucky where alison lundergan grimes wouldn't say who, whether she voted for the president, i think that actually ended up hurting them. and, after all, it is the president of their party and for them to run away so, from him it made them all look bad. melissa: yeah, mary catherine, two states, colorado and new hampshire, that he took twice, and he didn't even, he wasn't even allowed to go campaign, is that smart? >> i mean i think for many of those guys in, especially red or purple states probably safer that way because frankly i think the president is really good at making argument for himself when he is on the ballot. not sure he is as great doing it for other people. i think that is the past problem. the president should be at the white house today thinking after colorless noun which to describe his losses this time because remember, bush in twix was something, then it was shellacking. that will go down in history if

you make it interesting. keep it boring. melissa: white house press secretary already working on how they shake it off. listen to this. >> it would not be wise to draw as broad a conclusion about outcome of this election as you ional presidential election. >> there you go. what do you think, brrd? >> well, i think, look if it wasn't for bad news, obama doesn't make news. and for those incumbent democrats you can run but you can't hide from the fact that you voted 90 plus percent with this president. so barack obama as much as he denies it, he is as much on the ballot as democrats. democrats prove to be unwise at the end of the day by running away from the president because off-year elections are about base, turning out the base. when you desspirit the base and desspirit your leader, there is no reason to come out. melissa: byron as he sits in isolation in the white house, what do you think he will do tomorrow? is it going toopivot or go

nuclear? >> does really have a huge choice. if he faces all republican congress, and you're right, there are a couple things he could do. he could actually begin to work with them. there are some areas, like tax reform in which they could probably work out some deals and does the president want to do that? own executive authority, he his already promised a big executive action on immigration. his base is really angry that delayed it until after the election. more he does of thaa, the less congress is going to like it. melissa: mary catherine, what is your bet, nuclear or pivot? >> i have seen no evidence thus far in his presidency he is capable of pivoting. he says he is pivoting but almost never changes tactics. i don't see that happening. melissa: brad, nuclear or pivoting? >> i have better one. republicans should play chess rather than russian roulette. if they win, the ind at your their back. mitch mcconnell, if fortunate to be leader of senate, invite the

president up the hill with the leadership of the house and try and get some commonality of interests whether with the keystone pipeline, whether it is the medical device tax, something that they can work together on. start small and build from there. melissa: guys, thank you so much. >> thank you very much. >> thank you. melissa: don't miss fox business's live election coverage. we've got an all-star lineup with neil cavuto at 8:00 p.m. eastern as we await results. i will be there as well at 11. please oin me. we're staying up all night. we can't wait. don't miss it. small losses for stocks as investors wait results of the midterms. go to nicole petallides on floor of new york stock exchange. two stocks not getting vote of confidence today. >> that's right. we have baak and forth action stock market. nasdaq and zap are pulling back. we're waiting on what happens with the midterm elections to we're watching that. we're watching sprint and herbalife, two names we know well, two names that have been hit hard today. new low for sprint of 4 oiling

$86 a share. herbalife which is down about 20%, down 42% this year. those came out with numbers. worth noting we will have the cf-ao of herbalife on the 3:00 p.m. show. stay tuned for that. we would like to hear more about the company. forecast are weak and both of3 these stocks are suffering today. melissa: nicole, thank you so much. the race is on. many redicting a republican victory tonight. but what does the gop win mean for you and your wallet? money breaks down the party's hit list. apple setting up shop in rival's backyard, microsoft, you better watch your back. do you ever have too much money? stephen colbert doesn't. ♪

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melissa: this next gadget is not for the faint of heartt3 literally. this device can unlock devices and pay for purchases and all you need is a pulse. charlie is back with me. james frischling of new oak and jack is here as well. this is very cool. it has unique electrical signals come out from your heart beat. i'm sure you all knew that. >> which means? your wrist to pay for things. >> which means? >> use your fingerprint and now they want your heartbeat. then they tell me to lick the cash register. melissa: >> what is going on, is credit card fraud is up 11% globally. actually the u.s. has over 50% of the fraud. so they have to solve it with something. i'm not saying -- >> heartbeat is solved? @> they need to address it. the issue in europe, when they shifted to protect i've measures, online fraud doubled. we won't do it point of sales

online and credit card fraud. i don't know if that solvee it. melissa: that some coulding next. use fingerprint or need a little device at hhme in order to shop online or on the phone or retina reader. >> submit a fluid sample and have the lattes. melissa: you're terrible. the spark is gone at tinder. the majority owner iac is breaking up with ceo sean rad demoting hhm to pressdent. they want someone more eric schmidt like which is code they want adults. >> they need to make money. they need to charge for it. melissa: what do you think? are you on tinder, charlie? >> no. i like eric schmidt, he is a decent smart guy but not the end all be all. melissa: don't hold him up as ideal. >> you know who i hold up? melissa: i know what you say. sheryl sandberg. >> rupert murdoch. melissa: okay. >> 600% gross in this company and they're finally coming up with a cash flow strategy. it is valued a billion dollars. now barry diller, his ccmpany owns this thing, now they will

monetize it. >> you know what does, there is political story here. i will tell you this, sort of tech guys, it kills them to say anybody else but their whole realm of sort of left-leaning ceos, the last person -- melissa: get to that from here? >> great pick as ceo is our boss. that is the whole, i really believe that. >> become person that pays for the premium tinder service, what kind of message are you sending? i need to use this to meet some women i need extra plan. melissa: apple is moving into enemy territory, opening an engineering hub in seattle which of course is the base of one of itt biggest rivals, microsoft. microsoft said on their part, quote, this is great. >> just like that. >> i don't know what their tone was, imagine it was something like that. like great. >> what i found very interesting about this story from affordability perspective, in silicon valley, san francisco, for a two-bedroom home, talking 900,000 to million dollars.

seattle, less than half of that. melissa: income tax. >> affordability people -- >> is there minimum wage angle? you should be on this. is there a minimum wage argument here? melissa: they have very high minimum wage. >> is that a point? melissa: washington state doesn't have personal income tax, right. >> how many of these guys are making minimum wage? >> i doubt very many are. melissa: let's end this. i lost control. anyway, thanks, guys. battle for the senate. "money" goes live to polling stations across the country as reppblicans fight for power to control congress. i always have control of my panel. i was just kidding. desperately seeking cash. last minute fund-raising attempts getting late night treatment. "piles of money" coming up. >> politicians are getting desperate. senate majority leader harry reid send out a final fund-raising email democrats, with subject line, i'm begging. what better way to show you're a strong leader, actacting likere. you're drunk dialing your ex.

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melissa: the power balance in washington coming down to a3 handful of critical races including marquee contests in new hampshire and iowa. fox news' molly line joins us, shannon bream live in ankeny, iowa. >> we are here at the webster school in manchester, new hampshire, one of the biggest cities here, and we're seeing a little bit of a lull here. a few folks coming in now, later on this evening we'll see more voters, very engaged voters here in new hampshire. they have a big senate race to keep an eye on, one hat's being watched across the country between jeanne shaheen, the incumbent democratic senator, and scott brown. remember, he's the former senator from massachusetts. he gained national fame when he won a special election in 2010 defeating martha coakleyy he went on to lose in 2012 to now-senator elizabeth warren and has since moved cross the border to new hampshire where he's fighting yet anotherrsenate

battle, still fighting for the gop. shaheen has often worked to remind voters that brown just moved across the border. he has been fighting that label and working to tie shaheen to president obama. we had a chance to speak with some voters today. >> i think we need a change in new hampssire, and i am an independent, and i went straight republican this time. >> we voted for jeanne shaheen. we feel she's done a great job, and we want to see her stay in our state. >> the polls close at 8:00 tonight, so this will be one of those early races in the evenin3 as we go from east, of course, to west as the polls close that we'll have some insight into a winner. we'll see at 8:00 if the numbers are far apart, close. this will be one to watch. melissa: molly, thank you so much. shannon, what is the latest from that tight race there in iowa? >> it remains too close to call at this point. democrats are losing a longtime @hampion heee, senator harkii resigning, and they -- retiring, rather. they thought it would be

reasonable for them to expect to hold onto this seat, but it has become a barn burner. harkin's been out campaigning with current congressman bruce braley, and he sparked controversy or making comments about joni ernst about her attractiveness and saying even if she's ass quote, good looking as taylor swift, she's wrong for iowa. i caught up with him on the campaign trail, asked him if he wanted to clarify. here's what he told mm and ernst's response to that. >> i want to make it very clear that i hope that senator knows i never, ever intended to offend her or anybody else. but, look, i'm only human. i make mistakes. >> well, it is the end of the he did somewhat apologize yesterday. i accept that apology, and as taylor swift says, i'm going to shake it off. >> and she is getting a lot of practice shaking it oof. this was the scene last night at the one of the events we were

covering for her on iowa state university's campus in ames. -@very organized protesters askg her about money in politics, trying to shout her down. she was very calm, cool and collected through that whole thing, and as they were finally led outdoors where the protests continued, she said something to the effect that, listen, this is why i fight in the military to protect the rights of our citizens and even those folks because they have first amendment rights. her experience as a combat veteran and as a leader in the army national guard has gotten a lot of attention in this race, something she was abbe to highliggt in the face of those protesters last night. harry reid says this is a must-win race foo democrats, so we'll see. melissa: wow. thanks so much to both of you. great reporting today. the gop needing to pick up just half a dozen seats net to gain control of the u.s. senate. should republicans take control of the congress, it's going to be a long list of grand old priorities to address ranging from foreign policy to the economy. here to discuss all of that,

rrch edson, we also have are sherry jacobus and rich lowry, editor of the national review, also a fox news contributor. thanks to all three of you for joining us. rich, what's the first thing that changes? >> the first thing that changes if republicans take over, you have this, i believe, period where everyone's nice to one another, and then that probably quickly melts -- melissa: i feel like that's short. >> yeah. [laughter] a couple of days, depending on how georgia goess and then it a. attempt to play small ball on certain issues, you might get something on energy, but you have people out there talking about a grand tax reform proposal or a compromise, a grand compromise on debt and deficit. >> very unlikely that's going to happen. melissa: what do you guys think, obamacare? chip around the edges? what do you think, rich? >> i ttink we are very quickly going to be defined by contention over this exeeutive amnesty the president is talking about, and it'll be a very big

decision of his whether to go forward or not. and if he does and if it's as big as we've heard many some previews and press reports, the atmosphere in washington will be even more poisonous than it is now. melissa: sherry, what do you think? >> i think that republicans have an opportunity now to take, to make wide, sweeping leadership type of statements. not just statements, but take action. i think when you're talking about the border, they can now talk about border security not just because of illegals coming over, but because of possible, the people with infectious diseases, the possibility of isis and other terrorists at the border. so it's a much bigger issue now. republicans hhve the opportunity to really lead the country in that regard, and i think polls show more americans are more willing to look at that issue now. so republicans have an opportunity to fill in those gaps where obama has been so weak. and, again, to attack those things that he's done where there's some question -- melissa: okay. rich, it sounds like you don't think they're going to make a

major move. >> on immigration? melissa: on anything. out of the gate, to make a definitive move on the eve of this election if they do get the majority. >> youuknow,,first off, they get the majority you have to deal with a lame duck session, and there's a few must-do things you have to do, tax extenders, you have to fund the government, the current government funding bill ends on december 11th. melissa: yeah. >> exactly. so you're talking about january, and you're talking about new things, you know, fist off, i think republicans would need to take abreath and figure out what they want to do, take the temperature of their conference. they may want to go big on certain issues. as far as going large on an issue like immigration and reaching an agreement with the president and having a law signed? that is uncredibly unlikely. melissa: okay. thanks to all of you. apprrciate your time. don't forget our coverage on fox business, neil cavuto will be bringing you live analysis. this is where you want to be watching. i'm going to be here, come join me. before we head anywhere, have you seen this one?

a sad girl is having her picture taken as she clutches her kindle only to be photo bombed by a very familiar face up in the right-hand corner, former president bill clinton was campaigning in arkansas when he stopped bb to cheer her up. very thooghtful. rich lowry, what do you think of that? >> that's why he's the big dog. melissa: that's why he's so effective on the campaign trail. cheri, i have a feeling we're going to see a lot more of this coming up. >> yeah. we're going to see him using the popularity he hasswith the people that still like him. he's good in that regard. melissa: the government now freeing up funds as lava flows take aim at homes and property in hawaii. plus, an offer that you may want to reffse. black agents now touting jobs in the middle east with $200,000 salaries. but just wait until you hear exactly who's doing the hiring. more "money" and answers coming up. ♪ th,

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we've got some bullish factors going for us. melissa: president obama has declared the hawaiian lava flow to be a major disaster. hawaii will now have access to federal money to protect towns. and the ancient city of calcutta is on high alert for a terrorist attack, told by intelligence agents to immediately beef up security everywhere. that is the latest from the fox business network, giving you the power to prosper. ♪ ♪

melissa: oil is the big market story tod. just moments ago crude closed at its lowest levels since 2012 after briefly dipping to 75.84 earlier today. saudi arabia's cutting prices on u.s. deliveries to compete with the fracking industry here in the u.s. phil steel is in the pits of the cme with us for more on this one. wow, huge breakdown. where do you think it gges from here, phil? >> well, i still think prices are going to come down to the low 70s. that was a real big move, basically, they're trying to compete with u.s. production and go head to head against those producers. of saudi oil last year, it wasn about 7%. now it's only down to about 4.6%, so they're really trying to capture market share and keep, you know, keep at it. but i think that if prices do come down to those low 70s,

that's where we're going to see problems with some of these smaller oil producers that may have large debt loads, or they may not have hedged when prices were up over $100 or just smaller companies that need to shut in because we're below the cost of production levels. so i think that's a good target to start with, right around $72. melissa: all riiht. phil, thank you so much. so here's a job posting you may not find online. isis has been secretly looking for someone to run its stolen oilfields. reports say it is willing to pay $225,000 -- no clue on what the benefits arr though. chris hammer joining us from the institute for the study of war. thank you so much for joining us. you know, this story really caught our attention because it very much trying to normalize its state of operations, and they're going out, and they're looking for pretty much a mainstream oil executive with previous experience according to the story to come in and run their oilfields. how do you interpret this?

>> thanks for having me, yeah, i found this story hilarious because what the islamic state is going to fail at, eventually, is building a functional nation-state. isis was phenomenally effective as a terrorist organization, they're pretty effective as an insurgency. ultimately, they're going to fail because i just don't think there's a significant quantity of people who want to live in that sort of top-down-controlled environment theeislamic state will give tt its citizens. and the real problem they're going to have is a brain drain. whenever there's people who are living under opppessive systems, we saw recently the brain drain out of venezuela because of hugo chavez, we saw brain drain out of china, russia, any place where people are not free and they've got the skill sets to transfer them someplace else they're going to go. so the islamic state's going to have a tough time finding someone to come in and run their oil -- melissa: you say top down and controlled,,i would be worried

about what happens to me if i miss my profit target. they say they're going to pay you $225,000, or they may kill you. [laughter] do you think there are people -- who would take this seriously and go take the job? >> well, all joking aside, there are people who are going to take this seriously. one of the things that i observed over five deployments there was this massive quantity of external citizens that came in to work there. you have the sort of value-added engineers, doctors, financiers3 @hat came out of western europe, -@north america, what we used to call third country nationals that did all the dirty work. now to that massive pool of third country nationals, some of them get a practical education and learn how to run oil infrastructure. that is the excess labor pool currently xigent in the arabian peninsula that isis is going to draw from, and those people really are at their wit's end. they're in desperate straits. they'll go wherever, whoever

will pay them money, so i do -@think they'll pick up some oilfield workers. i am very skeptical about their ability to run a modern infrastructure. anytime they have functional structure, the u.s. is just going to bomb it. melissa: the salary's pretty competitive, but i think the downssde risk when your boss is unnappy with you in this situation is significant. chris, thank you so much. >> thank you. melissa: joining us now, liz what's coming up in her hour. liz: oh, it's all about the money. you always say that, melissa, and we are watching the money in the final hour of trade as we get closer to midterm mania. coming up, when all of this settles and he dust has calmed down, what do corporate leaders want? in a fox business exclusive, we've got the ceo of heath american, it's a global company, novartis. what's interesting here is he's looking to cure cancer, he is looking to cure multiple

sclerosis and all kinds of heart disease, but what does he need to see? it's a fox business exclusive. and herbalife hysteria. we've got the chief financial officer, and when i say "we," i mean charlie gasparino and i as the stock falls 20%. guess what? charlie's going to take a totally different tactic on this interview. we're going to be jumping in on this as the stock is plummeting at the moment, year to date down 41%. herbalife's chief financial officer, it's the stock that, as you know, billionaires love to love or lo to hate. we are looking at collapsing oil, the fact that the eurozone has downgraded its growth, and we are counting the minutes until the polls closs. polls will start to just be about three hours away, stay tuned. all that and much more. melissa: liz, thanks so much. liz: sure. melissa: how record spending this year hit as much as a billion dollars. plus, for this next story i'll need you to get on twitter

and follow me @melissaafrancis. black friday sales start even earlier, one store opening t six a.m. on thanksgiving. aren't you at a parade or cooking or something? is this how you plan to spend your holiday? follow me. tell me what you think on twitter. you can never have too much "money" or holiday mayhem. ♪ so ally baeally has no dden fees on savings accounts? tha'right. its ju that i'm worried t you knowhidd things..."counts? ok, y's that? noidden fees,

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who have already enrolled in the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations. remember, all medicare supplement insurance plans help cover what medicare doesn't pay. and could save you in out-of-pocket medical costs. call now to request your free decision guide. and learn more about the kinds of plans that will be here for you now -- and down the road. i have a lifetime of experience. so i know how important that is. melissa: whether it's on wall street or n street, here's who's making and losing money today, anyone with a piece of discovery communications, the stock tanking after it lowered its financial guidance for the year saying it can't predict whether ad sales will get better or not.

shares now down around 6.5%. had five million shares in the company meaning he's lost $12 million today. that's got to hurt no matter how much money you have. also losing money, southwest. it's being sued by the government for $12 million in civil penalties. the airline is accused of substandard repairs tt its planes. many oo which continue to fly passengers for months. and san francisco's priciest home is now up for rabs for $39 million. you get five floors and a basketball court, and an unrivaled view of the bay. seems very reassnable to me. the calendar may read november 4th, but it's already beginning like christmas. doorbuster deals are no longer just for black friday as many retailers are opening even earlier. kmart announcing it will open at six a.m. on thanksgiving day..3 fox business' gerri willis joins us now. and jack is back as well.

six a.m., are you going to be there at six a.m.? >> holy cow, no. thanksgiving is sacred. this is a day to relax and eat so much food you can't move. this is desperate times for desperate men. what's going on here? retail sales have cratered, they've never gotten better since the recession, and they'r3 trying to eke out what they can. i'm tired of seeing the christmas promotioo when you're still looking at back to school. melissa: jcpenney, fivea.m., that extra hour is going to save the business. >> the least of their concerns. [laughter] this is a company that is losing billions of dollars in sales while competitors are gaining. and right now there's trouble in apparel retailer. it's been too warm, so they're not selling the cold weather clothing that's on the shelves, that means bigger discounts trying to clear out old merchandise, that's a problem. you also have mundy accelerated from people -- money money dived from people who bought the iphone 6. melissa: without question. when you hear jcpenney or kmart

are opening earlier, i always think this is a bid for pr. it's sort of like that's the only trick thhy have left? -@it feels very desperate. >> what happened, remember, is were doing, got rid of the promotions, right? they bought out some of the vendors that people were so used to, now they're tryinggto put that all big together again. these big ships don't turn on a dime, and the open question, i think, for jcpenney is whether they can really make a difference to consumers and to shoppers, not investors. >> before investing in any rrtail stock ask what do they do that amazon can't do? foot locker cuts deals with nike, they get special shoes you can't buy, jcpenney? melissa: that's a great point. thanks to both of you, and don't forget to catch gerri tonight at 5 p.m. eastern on forbes businnss. voters are lining up at the polls, but wall street has already voted with its wall, and guess where -- wallet, and guess where the money is not going?

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>> wall street making a right turn, a record 63% of political contribution from the banking and investment sectors oing to gop candidates this year, according to the center for response and politics. midterm election. here now fox business' peter barnes and rich lowry as well. peter, why is this? >> two simple words, dodd and frank, the dodd-frank financial reform passed in 2010 and pass by the democratic congress has not been good for a lot of wall street firms. >> they supported a lot of democrats, dodd-frank was looming, was there? >> in 2012, the president was running again, you want to make sure you're hedging. they know how to do that.

they put money into the incumbent's, key candidates in the presidential race. now that he's gone. a lot of pressure. >> rich, seems like it's n wall street's financial interest in order to support republicans. you don't always see that as the case, they're voting with conscience and not about money, about doing better. why is it different? >> you are absolutely right. one of the most maddening and bizarre phenomenon, how much wall street money has supported the democrats, and -- >> we call them fat cats, who hate them. >> sick of the regulation being and the punching bag. this is front running money, who they think is going to win. >> they are just paying who they think is going to win. >> who should be in power. >> wall street is not the only big spender, tv ad spending set to hit the billion-dollar mark for 2014 according to data from wesley an media project. peter, good news for us.

pays our salary. >> tv stations. >> a couple. >> we appreciate your business. >> in this age of multimedia to huge, it's television, ng is everywhere, online? >> television ii the most effective way for politiciins to reach the voters. you use television advertising for mass arket sales like if you want to sell toilet paper, you go on television. if you want to sell politics, you go on television. >> rich, do you see shift in this? >> peter is absolutely right. you look at races in north carolina, where thom tillis struggled with colleagues in other states, and he was snowed under with an avalanche of negative ads on tv which had a real impact. i think of all the things people can spend money ospending money to convince your fellow citizens what the right direction is, it's not such a bad thing. >> owned that note.

gentlemen, thanks to both of you. >> thanks. >> that is all we have today. hope you're making money today. the market is up 22 points on this election day. "countdown" starts right now. liz: melissa, the dow jones industrials turned positive. i wish i could say the dow is positive, it has flipped between the unnhanged line more than 55 times. we're watching your money. midterm mania, less than three hours away from the first polls closing in kentucky and indiana on this critical election day that could have significant impact on stocks. american business, taxes, health care, immigration, and that's just for starters. investors studying key race for clues on the future ballots of power and potential policy changes. in this hour live, we've got former governors from both sides of the aisle, traders around the nation and our own crack team of reporters. which way on the markets will move the possible outcome every single