gop. we see money moving into a whole host of sectors. nasdaq composite has been higher. giving up a fair amount of the game plan on the session, s&p and russell in positive territory. that is it for "the opening bell". time for "varney and company". over to you. stuart: so much good news for you and your money ought to be illegal. look at this. we will start with the resounding republican victory. it was a repudiation of the president's performance and his incompetent government. in a republican congress private enterprise as a shot and that is good. move on to energy, the price of gas drops some more. that is good. look at that market. new highs on the day after added up. is a turning point for politics, policy and the money in your pocket. can you handle that all? you bet. as sarah palin would say and she is with us today, "varney and company" is about to begin.

♪ ♪ don: that is good. stuart: a fine piece of musical production and we like that. is indeed the morning after republicans win the senate. big day for your money and later this afternoon president obama speak following the huge loss for him and his party. what kind of tone will he take? reports suggest he will not give it. no change in policy. you can bet we will be all over that one in the next two hours. look at where your money is. we have been saying this about the gop win would bring a market rally. the dow is up 70 points and this is on top of the 1,000 point run up in the last two weeks. look at these dow stocks, all

hitting brand new highs today. johnson and johnson, microsoft, nike, procter and gamble and there is more. travelers, united health, visa, all stocks you own in the mutual-fund or your 401(k), all of the record highs. after election when there is a democrat in the white house and republicans control congress it brings an average 21% rally on the s&p 500 over the next six months. that is some number, what do you make of it, charlie gasparino? >> i would say this. should hold. it depends whether president obama goes live in skeet or bill clinton. inga two ways. can increase republicans. doesn't have to get rid of obamacare. he can embrace them somewhat. he can get rid of some really nasty aspect of dodd-frank, maybe some tax cut. if he does that he will put hillary clinton in the white house and he will have a decent

next two years. my guess he will go solo and i don't think the market will do very well. i don't think the economy will do well. i think it will be stuck in its current -- stuart: and what he does this afternoon -- i want to highlight three state races because i think we saw a tax revolt in these three. states that have high taxation rates. look at them. maryland, massachusetts and president's home state of illinois turned red. mary kissel from the wall street journal editorial board is here. that is a tax revolt. maria: is a tax revolt. you said it all. illinois pat quinn picked personal income taxes and corporate income taxes. you saw businesses fleeing that state, one of the worst performing state in the nation, same story in maryland. of valley heads, texas, 40 times their gdp growth zero last year, they are number 49 out of 50

states in the nation. mass. deval patrick same thing. his sales-tax hike was four years ago. charlie baker coming in saying he will tiger taxes more. i will be a competent steward of your tax money. jo lin king you will be those three states have republicans? >> i can't believe this because this was a referendum not just some liberal governance but bureaucratic breakdown, the fact that you don't see any sort of growth in your pocketbook. i'm not surprised at all. stuart: it shocked me when i saw it but there you are. take it as it comes. let's get to the senate where it was very nearly a clean sweep in all the important races. iowa, polls showed it was nick in nick where joni rinsed won comfortably, 8.-- how did the polls get that wrong?

what was the pickup, corey gardner beating mark udall, the war on women campaign did not work. nick mcconnell was supposed to be in jeopardy. steven haze for the weekly standard and fox news contributor and star of the fox alecto coverage. >> it was fun, we had a good time. stuart: we were all watching and it was fantastic stuff. do you think that extraordinary election result was a direct repudiation of barack obama? >> no question. this is one of the times you can look at barack obama and said president was right. he said three weeks ago his policies were going to be on the ballot. they were. look at the policies of barack obama and the democrats who supported him in congress, that is what the argument was. you had republicans trying to tie those democrats to the president, republicans trying to tie democrats who had nothing to do with the president to the

president and obamacare and his policies. stuart: i don't know if your broadcast coverage it back at 11:14 eastern last night when it was becoming obvious it was a republican romp harry reid's chief of staff cannot with a long everything on why it was all president obama's fault? >> it was an extraordinary piece in the washington post and i found interesting, you expect this finger-pointing after this kind of shellacking, but will was so interesting was the criticism he was providing of the obama white house was forcibly stuff. the didn't transfer these funds quickly enough, the president didn't do enough. that is not the problem. the problem is the president's governance, six years of barack obama trying to be a transformative president, make the american people embrace activist government again it failed. >> it is a repudiation of harry reid.

he has blocked 1900 amendments, and let only 19 come to the floor. there is no regular order in the senate. when you read about gridlock in washington that is because of the democratic majority. >> i also wonder if this so-called demographic edge of the democrats is that insurmountable. i am not saying it is tied to surmise from individual races about broader presidential elections but you start chipping away women who want to see their kids and cousins go to work, hispanics and the damage this country because they want to work here you start eating in and it is not hard for republicans to eat into that with a pro-growth message and i wonder if the demographic advantage is going to last. if president obama's particularly if he does not go bill clinton. stuart: what we were hearing -- >> it was instrumental. stuart: the last one for you. in the states where hillary and

bill clinton campaigned aggressively and actively the democrats lost by a wide margin. >> huge defeats. you sit here in the aftermath, this does not feel like hillary clinton electric. a lot contingent two years but i looking at an infusion of fresh ideas, young faces, new enthusiasm, that is not hillary clinton and if you look at the results, the exit polling in arkansas, her native state or her adoptive state the question was posed to voters do you think hillary clinton would make a good president? 40% said yes, 55% said no. stuart: 55% said no. >> she is a terrible question -- politician. this is an election about competence. >> i would hold the horses on hillary. sees is an adaptable candidate and again if president obama

does the smart thing i think she wins in 2016. stuart: good point because if there is any degree of compromise on taxes and energy and there might be you will get this economy moving and that will suit hillary. >> maybe trade. taxes and trade, energy. >> republicans -- republicans can stop bad things, you can hold up nominees, judiciary committee, would be terrible, bureaucrats, things republicans can do to stop things from happening even if the president doesn't want to. >> president obama wants to deal and play ball on dodd-frank, the dodd-frank wills have been written and order that down a little, banking system could lend more money, things he can do to keep his rhetoric and put hillary clinton in the white house. stuart: come john, steve hayes. >> president obama was going to turn conciliatory would do it after 2010. he purposely didn't do it. didn't want to let go clinton.

he didn't turn to the republicans. >> to was running for the election. stuart: you don't -- do you think president obama will now compromise to some degree? >> there might be compromises on taxes, he is not going to see -- stuart: no lunch compromise. >> no evidence of compromise. >> smart move would be to compromise that he is an ideologue. of the when you were a star. stuart: thank you very much. the republicans can still pile on this victory. three races still up for grabs. look at virginia. said gillespie giving mark warner the fight of his life, lee for warner, too close to call, warner calling on gillespie to succeeded won't do it at this point. louisiana there will be a runoff between mary landrieu and bill cassidy, cassidy the republican is the front runner. in alaska we are waiting for this one to be called.

dan sullivan with a slim lead over democrat mark begich. president obama speaks 2:50 eastern time. some degree of compromises, senator rand paul suggesting a tax deal will be on the table. >> let's encourage that to stimulate our economy and create jobs at home. we could have a narrowly focused bill that reduces the tax rate on bringing your money home and put that money into roads and bridges. stuart: there is a deal. bring your money home and tax it and bring roads and bridges the makings of a deal. rich edson in washington number one, heard anything about such a deal? what have you heard about the president's ton at 2:50? >> nothing specifically about that deal but the white house floated a similar deal where you overhaul the entire tax code,

have some fees up front and use that to pay for road construction so perhaps it could be the outline of deals, both sides might talk about that. that is what the president will say this afternoon. you are probably going to have another few days, the president and republicans will talk about working together and buy partisanship but it remains to be seen given the white house was saying this was not a referendum on the president, this was a congressional maps that didn't favor democrats this year and was no fault of the white house if they were to have losses in the u.s. senate. we are waiting 250 on this one and the president has the benefit ofng after the presumptive senate majority leader for next year mitch mcconnell and speaks at 2:00. stuart: we will carry the 2:00 mitch mcconnell news conference and president obama's conference at 2:50. they will be carried on this network. thanks very much indeed. let's get your money directly. we have been saying this for months.

a gop victory would mean a market rally and here we are, 17,450. the s&p 500 also in record territory, 2019. the price of oil still at a close to a three year low down $78 a barrel, topping 75, 76 last couple days. the big story for you all gas prices falling a penny a gallon a day. national average $2.96 and the cheapest gas in america, phillips '66, spring texas, it has gone up to $2.27. they couldn't afford to lose all that money into dollars and $0.25 where it has been a couple days. we are trying to get them on the phone. they are very busy. will be gop refers defense cuts? there is talk about that. the defense stocks, lockheed martin, northrop grumman, general dynamics, raytheoand. they were a little bit. cold, that has been beaten down by a deal obama administration. look at the coal stocks, walter

energy, natural peabody, all of them up in percentage terms, there is good news for cold this morning. the tight rope walker, death defying stunt, live television, millions watching. he will be here on set after the break. i will say people watch because you might fall and die. that is the source of interest. first here's another republican winner from last night. tom, in beating out mark prior. part of the gop landslide. roll tape. >> this victory belongs to you, the citizens of arkansas. of a family struggling to make ends meet the did the workers and businesses, are barely holding on. to the young and the old who still believe america is the greatest country on earth where all things are possible.

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stuart: the day after republican big victory in the midterm the dow is up 75 points getting close to 17,500.

not a bad rally. the gold price down $22. that is a sell-off. we are at $11.44 an ounce. another stock hitting a new high again today is ali baba. how high is high? nicole: but e commerce giant cross $110 a share sell at the highest point ali baba traded at 11014, you see it here with an up arrow up over 3% sitting at 10930 one and yahoo! has a 16% investment in ali baba. that too -- stuart: thanks very much. take a wild guess. the most important issue for voters this election, the economy. 45% was issue number one for them according to a fox news exit poll, 70% say their personal financial situation is worse or the same as it was two years ago.

mary kissel, this is the disconnected. the raw numbers tell a different story from the way people actually feel on the ground floor. maria: 2% growth, lackluster hiring, wages are going sideways, people are not stupid. when they look in their pocket books and go to the grocery store to buy milk and other things they know how much they are gaining or not gaining in this economy. it is a terrible economy and weaken do better. stuart: the dow is up 80 points, record territory, reflects the possibility of a turning point for the economy and growth. >> represents a turning point on potentially good fiscal measures. i don't think you will see a lot of changes on the monetary side. we got the buzzer ready for you. stuart: next case, he just completed a record tying walk across the chicago skyline and even did it and did half of it

blindfolded. he did it. he is with us live in the studio. you are indeed a daredevil and all those millions of people, i know millions of people watched you, they were waiting for you to fall. work they? >> that is part of the assassination, that is why millions watched. they don't want to be watching football when i lost my life on tv. it is understandable. stuart: you can't take this and put it on at 11:00. >> people watch nascar to see the races as much as who wins the checkered flag. stuart: all daredevil stunts have to be live. true? >> i think so in my opinion. bernard: when you come from the circus. >> 7 generations in 200 years, came over from germany, united states in 1940 to perform with ringling brothers. stuart: was a tight rope walking? >> yes.

our family did a lot of animal training back in four five generations ago but then john ringling, it was for wire walking. stuart: millions of people watched you, ratings fantastic, endorsements presumably up -- >> still waiting on a few of those. stuart: you will make a ton of money. >> i hope to. stuart: $10 million? >> that would be nice. stuart: i know it would be nice that and my clothes? >> you are not close but i am very blessed, doing well financially. bernard: when you live in florida, therefore you pay no state income tax on your winnings. >> that is correct. stuart: how do you feel about politics? a political question, you are a wealthy guy making a ton of money. how do you feel about giving more and half of it in income taxes to the federal government? >> not too thrilled about it. stuart: excellent. >> i was thrilled with last night's results, going in the right direction.

stuart: really? i was told don't ask him about politics, just about dying on live tv. no politics. now he is on the right side of the fence. >> living in the tristate too. stuart: where about in florida? >> sarasota south of tampa. stuart: i am going there this afternoon. fantastic performance and thanks for being here. we appreciate it. major win for the republicans but it was also a historic win for women and minority candidates, five examples for you next. >> it is a long way from red oak to washington. from the biscuit line at hardy's to the united states senate. so ally bank really has no hidden fees on savings accounts?

that's right. it's just that i'm worried about you know "hidden things..." ok, why's that? no hidden fees, from the bank where no branches equals great rates.

>> to go after a democratic party that has been traditionally republican in which the chamber of commerce is pushing for in an infrastructure bill. >> republican party to commit suicide and infrastructure there it goes. >> that didn't go over well at all. stuart: that clip was one -- from 1:30 this morning, the

historic midterm election and neil cavuto. things get a little loose when you love been on the air five hours bad meal could do it -- back at it tonight, starting at again at 8:00 p.m. eastern. i-man and historic for good reasons last's votes on five big results that reshaped the nation's politics. all the following vectors are republicans. example number one, shelley more capito , first-ever in west virginia, first republican senator in that state in 55 years. next another first, joni ernst, first elected to the senate in iowa and the first female to represent i weigh in congress in either house. south carolina tim stock, first black candidate elected to the senate since reconstruction and again and must emphasize. republican. first black republican woman elected to congress ever.

at the age of 30. the first republican to take that district since 1993. democrats like to say they wage a war on women. last night's result simply do not follow that logic. >> no, they don't. this is an incredible class that is coming in. cyber security firm. stuart: we have activision.

of two and a half% as of right now. we have another blue state that turned red. is it really a tax result? legendary basketball coach, he is up after the break. he has a new book. i will ask him about the midterm elections. can you guess what time the president will show up? ♪

stuart: it is a day after the elections. we are up 73 points. energy stocks, best performing sector of the day. coming back a little.

republican beating income. democrat in the race. illinois has had a series of tax increases. this is a tax revolt. republican businessman paid 19% tax rate. they voted for that 63 to 36%. they also voted to increase illinois minimum wage to $10. stuart: maybe the vote was against governor pat quinn.

they voted against him. i think it was a tax revolt. >> he is a guy who is confident. set the stage on a confident path. i think they thought he was a good man, but not a good governor. by the way, he has not conceded yet. the last governor just got out of prison a couple months ago. the last democratic governor before quinn is still in prison. stuart: is illinois your home state as well? >> i love it here.

there is plenty of news to do in illinois. stuart: i hear you are a new jersey boy just like me. jeff flock, thank you very much indeed. we are joined by a hall of fame basketball coach. this is the second time you have been on the show. >> i am a very slow learner. it will take me at least two or three times. stuart: we had a team meeting this morning. i have to deify what my team said and i will ask you what i want. are you happy with the when last

night. >> if you look at social services and medicaid social security, i think you worry a little bit. >> bleeding orange, i think, is the title. >> i could not play anymore. i have to coach. stuart: you are an institution or, i am told. where are you going from here? >> i will coach this team. we are coaching the olympics

again. looking forward to that. beyond that, i am not too sure. >> i was told that you run me down. i have a foreign accent. i thought you would come right after me. you are being very nice to me. >> i want you to sell my book. i have and i'll tear your motives. fifty-two years of a basketball coach. it is really worth reading just because of that. stuart: 52 years as a basketball coach is an achievement.

coach, i have one last question. you have made a ton of money throughout your career. how do you feel about giving more than half of it to state and federal income taxes? >> i do not think that anyone likes it. things change. it is not that easy to get there. it seems a little high. i do not think it is right. i think we need to fix the tax code. everyone knows that. stuart: you really wanted to talk about politics.

what a pleasure to have you on the show. the book is pleading orange and it is a good one. great to see you. more on the republicans taking control in washington. judge andrew napolitano is here. he is hearing that there is a deep divide in the gop. that story is next. ♪ ♪ music

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nicole: i am nicole petallides on your fox business brief. a record-setting day on wall street. a gain of one third of 1% on the s&p 500. the nasdaq also gaining. the dow is hitting all-time highs. called socks. it turns out cold baby more in

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stuart: tax reform coming soon, he acts. it is the making of a deal. will it happen? senator, this is the deal that we are hearing this morning. >> i think it is a very doable deal. fundamentally, president obama has not wanted to be anywhere near the middle. he has not shown much inclination in the past. stuart: we had a political panel on the show earlier this morning.

most of them fell no compromise. >> certainly. he is always, every opportunity whenever a significant issue came up. whenever a challenge came up. he has just gone further to the left. completely unlike someone from bill clinton. we appreciate your time on a very busy day. thank you, sir. >> we are not united.

investigate, investigate, investigate challenge. >> i have heard the same thing. people on both sides of the issues on both houses of congress. the senator is actually a candidate to join both sides. there is a group of 10-15 senate republicans that want to be aggressive with the president. they want to conduct certain investigations. on the other side of that, more establishment that want to

accommodate the president has best as they can. >> both sides have very, very strong views. >> i want to go on record and say the idea of starting out a new plan are using the word impeachment. that will be the worst things possible. >> i look at it a little bit differently than you do. complying with the constitutional obligations. the reason those law firms have deferred, they know that the case will go nowhere.

>> it forces him to veto it. >> we hear that the president may -- four or 5 million illegal immigrants. stuart: unconstitutional solid ground. >> if the president says to the border patrol, turn your backs, let another 12 million illegals in, there is very little that

congress can do about it short of impeachment. that does not legally make them legal. it will make them legal. he cannot make them legal permanently and he cannot give them the right to vote. he can promise them that nothing in the apparatus will do that. stuart: you never deal with practicality. >> open borders. a variety of economic and moral

reason. that is not the law of the land. >> do not mischaracterize. do not leave yet. >> i am not going anywhere. stuart: we have something completely different for you next. if you are on social media, you have probably seen this. it may not be spontaneous. this could be a marketing campaign. this photo is indeed viral. it is a time lapse video.

every person that said i voted on twitter. isn't that fascinating? >> that is cool. ♪ synchrony financial partners with over two hundred thousand businesses, from fashion retailers to healthcare providers, from jewelers to sporting good stores, to help their customers get what they want and need. banking. loyalty. analytics. synchrony financial. engage with us. and cialis for daily use helps you be ready anytime the moment is right. cialis is also the only daily ed tablet approved to treat symptoms of bph, like needing to go frequently.

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stuart: what seemed to be an innocent tweet is turning out to be something more orchestrated. alex works at a target store in texas. now we are finding out it could be the latest marketing campaign by a company. samantha murphy is here with more on this. this guy is cute. along comes a marketing company. >> and just 24 hours he basically became super famous. everyone is talking about him. this story is so fascinating. this is what is happening

online. i am marketing company is saying we are actually behind this. target says they had nothing to do with it. the kid said it was a surprise to him to. the people that first we get the pictures that they had nothing to do with the marketing company. right now we are trying to figure out who is this company, why are they saying this? >> it sounds like manipulation to me. >> this is something that happens very organically. was there an engineering aspects of it? >> thank you very much. new at noon. sarah palin is back with us.

does that mean she will run for any elected office in 2016? ♪ hi, are we still on for tomorrow? tomorrow. quick look at the weather. nice day, beautiful tomorrow. tomorrow is full of promise.

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stuart: i stayed up until midnight and got up at three. it was worth it. watching it unfold for the republicans was exhilarating. a republican congress for the first time in eight years. we have a repudiation of all government all the time. you have to cheer that. your wallet is being stuffed with extra cash if the price of cash keeps on falling. this morning, it is the day

after and things are looking up. welcome, everyone. welcome to our second hour. governor palin a moment from now. ♪ >> this is a big day for your money. seven of the 30 stocks in the dow industrial average hit new highs themselves. a gop victory showed mean a market rally and we have one today. s&p 500. aly baba, a big winner. hit another high themselves. look at energy stocks. nice solid gains. that, we think is a direct result of the gop winning the

senate. the price of oil is up a bit today. gas is still falling about a penny a gallon a day. you saw it they are very briefly. spring, texas. the price has actually gone up to 227. we have been trying to get them on the phone. they are very busy. a democrat in the white house means an average 21% gain for the s&p 500 in the next six months. the gop has one so soundly. >> not because of that, stuart. we are in gridlock. you talk about all of these policy changes that are coming. we will move on. guess what, the economy and a

market like that want a level playing field. the united states economy is one of the greatest growth machines ever divide. good things can happen. guess what, the next few years, nothing is changing. >> we have a shot at a tax deal to bring money back to the united states. we have a shot using that money revenue. that is big change. >> i would love to think so. right now this president will dig his heels in. i do not see an awful lot of policy changes. stuart: history is on your side. where are we going? >> stuart, this is by design.

a lot of people are bashing the saudis. it is exactly the opposite. the saudis are doing our work for us. it sounds like people we want to hurt to me. number one, they benefit because i think they want to grab market share from asia. i think they want to get in the middle of that. we probably called them and asked them to do this. i believe that in my heart of hearts. let's get that to the midterm elections, directly. sarah palin is back with us. it is obviously a huge win for the gop. i want to bring up the war on women. possibly the worst political tact tick.

it obviously did not work, did it? >> those two in gauged in that fake war on women. they really underestimated the wisdom of these female populations in america. we who sincerely believe in genuine equal opportunity and equal rights will certainly fight and to that. stuart: they suggest that the president will not compromise on his principles or policies. they say he will not do it. what do you say? >> he will go balls to the wall. opposite of what the american people want. he will continue with his amnesty push. he will continue to fight any kind of mandate.

he will continue down this road. not allowing the corporate tax rate to be reduced. not allowing so many things that just make good common sense for our economy. it is the gop's turn now. it is our job to keep them held accountable. are they going to just be so concerned about having been reelect bid that they are writing their high horse and they will forget about what the new agenda needs to be? stuart: do you think that the new republican congress should go right into investigations and raised that word again? is that a good political tact

that? >> absolutely. we need to get in there and start those investigations. a republican president that so walked over the will of the american people. if that were a republican, democrats would do it. the american people are expecting the gop to do their job and hold the president accountable. stuart: all we have is investigations and going after the president. >> it is not all we have. it is the right thing to do. we need to put politics aside and do the right thing. do the constitutional duty and responsibility that they have. the balance of power.

it is not all we have. i do not hear anybody real concerned about that. if we do the right thing today, two years from now we may not wear the presidency. thank you for doing your job. there is more of that to come. we will reelect a republican and 2016. stuart: there was a whole lot of headlines after you appeared last week. what is it about you that raises so many hackles and headlines? >> i have the guts to call it like i see it. could next business to the american people, i think. we just want the best for our

country. there is always that curiosity factor. they need something to write about. whatever i can do for the cause, stuart. don: does it encourage you to run for any kind of political office in 2016? >> such a great night last night. it will be a great two years if the gop does what it is supposed to do. it tells you that we will have a very wide electorate in 2016 also. it is not about me. it is about what it is the american people will be looking for. will they want someone out of

that mainstream of a partisan machine. are they ready to have someone that is ready to work harder than any other president? the ability to serve the american public. it is up to the people. >> is your heart in it? are you gung ho for another run? after what has happened to you in the last six years? >> what has happened and what has been said and written and all the lies, that thickens your skin. it is in preparation for something greater than perhaps that person has expected.

personally, it certainly has thickened my skin. this is thick skin. it is growing all the time. good stuff. stuart: here is what we have for you the rest of this hour. we checked the numbers. republicans control the congress. stocks rally. more than 20% in six months. david letterman implying president obama does not get credit where credit is due on the economy. then there is this. hillary clinton campaigning hard for democrats leading up to the election. here is the problem. it did not work. the one issue for voters this year.

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stuart: all right. breaking news. alex rodriguez has had knitted to using steroids.

he never publicly admitted it. now he did admit to using steroids in a closed door meeting. new exit poll from fox news out this morning. the economy weighs heavily on the country's mind. look at this. 82% of voters surveyed say they are worried about the economy. 65% say our country is headed in the wrong direction. those polls are exit polls. we have a republican senate. we have a market rally. nicole nicole has two stocks that are big losers. trip advisor. what happened? >> the profit misses.

it does a lot with advertising. going forward, they did warn that that is problematic. as your costs for marketing have been jumping, if projects slower growth. stuart: i saw the tape. it is also way down. 19%. >> a huge move to the downside. this is an e-commerce type website. you buy in bulk. you do get discounts. the revenue is mostly below the expectation. that is under pressure. you have ali baba hitting record highs. we will see what the breakdown is. stuart: we have the dow jones average closed. that is a record high.

what were people down there saying? on this show, we have been saying it is the election of a republican congress. it is falling gas prices. what are they saying down there? >> i have not heard one say the opposite just yet. for the most part, they consider last night gop sweep a victory. they also think it is great for the markets going forward. we expect momentum to continue into 2015. you are seeing certain areas doing better such as coal. that is what we are watching. pretty happy today. stuart: let's enjoy it while we can. mcdonald's, traditional fast food. it is being challenged by a new

trend. healthy fast food. simply solid. the cofounder of that company is bruce. he joins us now. you sell solid and fast. is that correct? >> yes. one of the biggest parts of our core values. >> originally when we came up with the content, the idea was to do healthy food. doing it quickly was very important. doing it with a good portion size but for a good price. >> if i walk into a bit donald, i am out in two minutes with a $6 lunch, roughly speaking.

if i go into a simply solid, i am looking at a lot more than that. >> it is for certain products. if you go for the more expensive things, it will obviously get closer to $10. their real goal we had in mind was to keep it in the 850 range. the salads and wraps are slightly less than a 50. it is slightly more. we really did that our life savings on the fact that people would go for something that was slightly more expensive, but still reasonable. it is such a significant difference for your help. it will not weigh you down with greece and heavy items.

stuart: we like to see people invest their life savings in something and make a go of it. >> i really appreciate it. we associate this move away from traditional fab food. i guess it is your target market. >> precisely. it is something that i noticed on your blog a couple of days ago. 12.9% of a downturn. it is really striking when you look at the fast food business. if we can take a 12.9% piece of that, a pretty significant portion. it can be pretty significant for us. we are trying to impact the market where it is easy to get something. fast food no longer needs to be

synonymous with something that is healthy. we can do it faster than a lot of the folks that are out there. stuart: you have to do your own commercials. you just did a commercial. it was pretty good. good luck to you. stuart: thank you. stuart: david letterman commenting on that economy. we will play you the soundbite. we will give you the facts next. ♪. introducing synchrony financial

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>> this is referring to a contest that we have for you. president obama is expected to speak. he is often late. log on to facebook and guess what time he will actually show up. the closest gets to call into this show tomorrow.

the gop win will bring in a market rally. look at this now. several dow stocks hitting new highs. johnson and johnson and microsoft, nike and procter & gamble. all stocks that you probably have a piece of in your mutual fund or 401(k). the dow has had an intraday high. seven of the 20 dow stocks hit new highs. late-night host david letterman. he took a shot at anyone that may disagree with president obama. roll tape. >> it is a lonely gig being president. gas is under $3 a gallon. under $3 a gallon. [applause] unemployment under 6%.

[applause] stock market breaking records every day. [applause] no wonder that guy is so unpopular. >> president obama does not have anything to do with all of the issues that mr. letterman listed there. gas is cheap because we are producing a lot more oil domestically through fracking. despite the president's policies and saudi arabia, they just cut prices as well. unemployment, yeah, it is lower. the jobs that are being created are mostly low-paying entry-level positions. it is the federal reserve fueling a rally with all the money they have been printing. mr. letterman, i think you got it wrong last night.

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noon intraday record high on the heels of the gop win big win last night. we have coal which has been beaten under the obama administration. look at those polls stocks most of the recovering nicely. after the price of oil is up $1.20, is near a three year low and gas still falling at any gallon a day. it has been that way for a month. $2.96 is your national average for regular. now this. after election, one of the democrats and white house and the republicans control congress, when that is the outcome of the election it brings an average 21% rally on the s&p nick six months. 21% average, dave nelson is here. that seems like an extraordinary

rally in six months, and i hope he is right. i will stick to the fundamentals and stick from the bottoms out. stuart: you don't care about the overall market, you are looking for individual stocks. >> i will pick what i can work the best. stuart: the big picture, do you think you'll get a nice rally in the nick six months? >> it is obviously up. the trend is your friend but you have to be careful. we talk about this last week. october was ominous. there was something going on any reason that happened. europe is up big today because they expect good news out of the ecb meeting tomorrow. we will see if it follows through and find out. stuart: last week you said if the republicans make a big move

to congress watch those defense stocks because they want to reverse the decrease in military spending, they will increase it so you said get out there and buy some defense stocks. they did go up. pulling back a bit today. >> they have been going up for a while now. this republican victory has been priced into the market. a lot of bets were made before the election. what you see is an unwinding of traders taking money off of the table but if you look rum world we all know you pick up the newspaper, there are hot spots everywhere we look. iraq, ukraine, we need these companies, their advanced technology to support men and women in uniform, i have is an overseas i want to have -- stuart: when is your son in the military? >> i want him to have the best equipment possible. bernard: when you could say for someone investing in their 401(k) their retirement money you leave it for a few years, a good bet is defense? >> i would take a broke baskin of it, lockheed martin is one we

own the we would like to get into when looking for an entry point, we don't own it right now but a whole host of the mouth there. i would do it as a basket approach. stuart: my worry would be if the president turns down an increase in defense spending and he probably would, that would hurt the stocks. >> i don't think he will. look around what is going on. i think everybody in this nation wants in to protect the nation. that showed up in the polls. i don't think he will do that. we have already seen the last gdp report we saw defense spending go up. i don't think we will see a pullback. stuart: thank you very much indeed. some big victories for republican senate candidates, senator mitch mcconnell, the man who will lead the senate come january be democrat allison crimes. move on to iowa, republican joni ernst easily defeated bruce britney and tom cohen takes the senate seat from democrat incumbent mark prior. these states have something in

common. the clintons actively campaigned for democrats in all of them. former clinton adviser doug schoen with me now. the flat out failure of the clinton machine because they supported democrats who lost. >> it was the failure of the democratic party and specifically the president. obviously the clintons campaigned but the clinton brand was not on the ballot and it was obama who is in the white house. stuart: you are underplaying the influence of the clintons in this campaign. >> i am just being realistic. aleutians a failed. >> they didn't succeed but failure implies that hannah primary and central role, they didn't. stuart: alison crimes ran away from the president, would not admit who she voted for, almost certainly for president obama. in came the clintons, she said i am a clinton democrat and she

lost huge. that surely is a hit on hillary clinton. >> it certainly doesn't help hillary. i will give you that. there's a larger message and it is simple. this program and you in particular focus on the big messages. the big message is mr. president, we reject you, your policies. as david said, there's a lot of fear out there. a sense the president's isn't responding to it, and repudiation of hillary clinton. it is a repudiation of democrats and the president. stuart: where is hillary going from here? she is obviously running. >> you may say that is counterintuitive because clearly this election was a repudiation of the left. stuart: when she said businesses and corporations don't create jobs that was a move to the left. wasn't a slip of the tongue, it was deliberate. >> it was absolutely deliberate, there was one person she is scared of more than anybody.

stuart: trying to read through this. what are the primaries earlier in 2016, so you are saying to win the primaries against elizabeth warren, she has got to go to the left because that is a committed voter in the primaries. >> precisely what i am saying and her fear, greatest fear is the following that her poll numbers suffer. she is seen for the first time to be vulnerable and elizabeth warren like barack obama, eight nine years before, says i am going to take her on and he takes her on and she takes her on an hillary clinton has 8 hugely difficult primary which i think she probably wins, but the appetite in the democratic party for left wing redistributive policies is clear and unambiguous. stuart: before this election of yesterday a lot of people were saying ellery is the issue in nominee for the democrats and in

all probability will win. i think that climate of opinion just changed. >> the last part of it has certainly been put up for questions that she will, quote, win. i think she is the overwhelming favorite to be the nominee. the real question is will anyone like elizabeth warren decide to challenge her. there's a rule in politics, can't beat somebody with nobody. bernard: when you are a centrist democrat. were you pleased with the repudiation of the left in yesterday's election? >> in a certain sense yes i was because i think obama's policies have hurt america. i say that as an american but i go so far as to say this was not an endorsement of the republican party as you and i have discussed many times. there is not an inclusive pro-growth republican agenda that people can a light themselves upon. that is the challenge going forward. stuart: growth, growth, jobs. dynamism that is what will win

votes. >> there's one other word, optimism. stuart: isn't there a new mood of optimism? >> i think it is. it tends to be short-lived because political parties have failed so utterly. stuart: sarah palin just a bit on the program moments ago. the governor is what we call in the news business a sound byte machine. we will place some highlights nick and doug schoen will comment. foreign markets. asian debt that recognizes the shift in the global economy. you know, the kind that capitalizes on diversity across the credit spectrum and gets exposure to frontier and emerging markets. if you convert 4-quarter p/e of the s&p 500, its yield is doing a lot better... if you've had to become your own investment expert, maybe it's time for bny mellon, a different kind of wealth manager ...and black swans are unpredictable.

nicole: i am nicole petallides with your fox business brief on a record-setting day on wall street one day after the midterm elections. the dow right now up 93 points up 1/2%, up 100 points a moment ago. the s&p did not get record within the deck and the nasdaq up 5. some of the dow winners include fees, dupont, exxon, coca-cola and united technologies. look at activevision of of their 2014 forecast, they expect third quarter results on robust sale of destiny and a jump in world of work craft 2.5%. names that we will be reporting "after the bell," prudential, tesla, news corp. whole foods and also zillow we are continuing to watch. markets are a record highs the day after the gop victory.

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stuart: governor sarah palin on this show earlier this our says the president is going to keep pushing his agenda forward despite the clear mandate against his policies we saw last night. world that the. >> he will go opposite of what the american people want as he has done for six years. he will continue with his amnesty push that americans don't want, he will continue to

fight any kind of amendment to that failed mandate called obamacare. stuart: doug shoen still with us and you heard what the governor had to say. the you agree with her? >> on the first part yes. i think we are going to get executive orders on immigration, between 4,000,011 million people. i think he is. had lunch with the obama insider. would there's a real shellacking again. no attempt at conciliation. know what i talked to was saying it. stuart: what was his coin. what do you think of the attacks against her from the left? >> what happened in the last six years, that thickens your skin. a providential steps they have

to take when they go through such a thing, that thick and my skin. and this is thick skin, it is growing all the time. >> what is your comment. >> it is a corrosive part of american politics, and we are americans, not a democrat or american way to fight isis or discourage of ebola. there are not problems -- stuart: when you are a political consultant and a democrat. at you ever involve yourself in a dynamic attack on a republican? >> if i can be candid one reason i am pleased to be on the air so frequently with people like you is i have tried to wean myself

from that because i plead guilty but i much prefer analyzing and talking thoughtfully about issues than doing attack ads. it loses its appeal quickly. stuart: i take back everything i ever said. you are a good man. >> i appreciate that. always a pleasure. stuart: in energy stocks up today, a big win. the gop signal the new oil boom in america. did they? russell gould, wall street journal energy reporter, welcome back to the program. you are in austin, texas at the moment. what do you think? a huge republican victory. does that mean we are going to drill on federal land and do some more fracking? will the president then? it is what we have been discussing all morning. >> a big challenge for the new republican-led senate is trying to keep the bloom going. we had an incredible energy boom the last few years.

and\es, or whether what was happening with oil prices that completely collapsed since the summer. stuart: what the make of that town in texas that i am told is the birthplace of fracking. it passed a ban on fracking yesterday's election. what is going on with that? >> the first well was five or ten miles down the road. it is a college town, liberal as far as taxes goes, what happened is the state regulators don't pay much attention to quality of life he shoes and a lot of quality of life issues around fracking. trucks, just having an industrial activity nearby and the citizens did not feel they getting any relief from it but they took this step to ban fracking but as of 9:00 central time this morning there was a lawsuit filed by the texas oil and gas association so that is going to end at in court,

already has ended up in court and i'm surprised if it is ever fully enforced. stuart: what we have been talking about on this program is the possibility of another energy boom in the united states if the politicians get out of the way. what do you think? do you think we have a shot at extending fracking like in new york state and california? do we have a shot at that? >> renown no. i don't see new york or california opening up to fracking, new york there has been a long-term moratorium in california. the geology hasn't worked. has been an incredible oil boom going on in north dakota and texas and in colorado. i think that continues. the challenges pricing. the oil price right now is $70 or so. $70 -- is becoming increasingly

difficult to make economic while once you get into the 60s. that is a real challenge and it is not the democrats or republicans or what is going on in washington d.c. but what is going on in saudi arabia. stuart: good point, thanks for joining us. carnival cruise's big gamble, christening its biggest ship. it holds three thousand 570 people, it weighs 140,000 tons. it is a giant. we will take you there after the break. hi, are we still on for tomorrow?

tomorrow. quick look at the weather. nice day, beautiful tomorrow. tomorrow is full of promise. we can come back tomorrrow. and we promise to keep it that way. driven to preserve the environment, csx moves a ton of freight nearly 450 miles on one gallon of fuel. what a day. can't wait til tomorrow. so i can reach ally bank 24/7, but there are24/7branches? it's just i'm a little reluctant to try new things. what's wrong with trying new things? feel that in your muscles? yeah... i do... try a new way to bank, where no branches equals great rates.

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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. lou: amid tears our past but what does the future hold for this country, lame-duck president and new congress? we take all appear at 7:00 p.m. eastern, 4 pacific, please be with us. stuart: carnival cruises christened the latest and biggest ship in their fleet, lauren simonetti is on board. the chef's name is the regal princess please take me through it. what is special about this ship? >> it is the biggest and newest in the princess fleet. one of nine brands run by carnival. carnival is the biggest cruise line in the world, it does have of the revenue of the industry.

what is so cool about this cit is it is indicative of the changing cruise environment, to cater to young people the cruise industry is changing what they give you and dr. you on a ship. you don't have to eat at a certain time, there are more options, there is superfast wi-fi for young people who are attached to social media and their phones and a lot of options. there are some many activities on the newer ships these days that you would need to spend days if not weeks at sea trying to get them done. bernard: when do they have stabilizers for the passengers to not get seasick? i ask because i get chronically seasick. i was even seasick when parasailing on a little boat that took me out to the big boon thing. did a of stabilizers? >> is that the injection that you get when you are seasick? stuart: no.

a ballast tank, big ballast tanks on the side of the ships that stop the rocking. >> you stumped me. i do not know the answer to that question. i am sure they do because they have everything and the price tag, did i tell you how much it costs? $750 million and it is not the only investment by carnival this week. they are christian and another ship later in the week, two more by this time next year. with all the healthcare's out there, people are nervous to cruise. the economy's pretty strong and they're making an investment. stuart: you get a passenger back, if you ever lost him with a huge gigantic ship like that you will get him back and it is brand new. all right. >> if you keep the price tag low enough after those scarce, the carnival triumph -- stuart: if you are on a diet do

not go on a cruise. stuart: we are out of time. thanks very much. enjoy that cruise. big day for the money, senator mitch mcconnell presumed to be the new senate majority leader. it won't be until january. he speaks at 2:00 p.m. eastern. fox business will carry that live. president obama due to speak at 2:50 eastern but often he is late. guess the time he actually starts to appear, put it on her face book and twitter pages, you get it right or closest to it and we will put you on this show. more "varney and company" next.

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synchrony financial. engage with us. stuart: where are you going from here? >> i am going to coach this team and that team, coaching the olympics again in 16, looking forward to is that. beyond that i am not sure, some

kind of business show on television seems like it is pretty easy. stuart: very funny indeed but a great guest. coming up on this network we have mitch mcconnell's presser at 2:00. after that the president speaking at 2:50. the dow is at a record high, greg hy, adam shapiro, is yours. adam: welcome to risk and reward. i am adam shapiro filling in for dierdre bolton. the democrats call it disaster. republicans call it salvation. social media call that a gold mine. the midterm elections send the country in the new direction and investors in social media to the bank. you can call voters in berkeley, colorado the new sourpuss when it comes to soda pop. they passed a first of its kind tax-cut promises to add $0.68 to the cost of a two leader bottle of pop even though voters across the bay let that idea fizzled out. next time you take in be sure to check out the state of the head technology the polls the keys