how you did. that is the score i'm keeping. am i going to be able to look back and say are more people working? are their bank accounts better? are more kids going to college? is housing improved? is the financial system more stable? are younger kid getting a better education? do we have greater energy independence? is the environment cleaner? have we done something about climate change? have we dealt with an ongoing terrorist threat and helped to bring about stable and the world? and, those things, every single day i have got an opportunity to make a difference on those fronts. >> you're not satisfied where you are now? >> absolutely not. i wouldn't be satisfied as long as i am meeting somebody who doesn't have a job and wants

one. i'm not going to be satisfied as long as there is a kid who writes me a letter and says i got $60,000 worth of debt and i don't know how to pay it back. and the american people aren't satisfied. so, i want to do everything i can to deliver for them. >> how about democrats? the fact that they kept you out of the battleground states is that -- bug you a little bit? >> listen, as i think some of you saw when i was out on the campaign trail, i left campaigning. i left talking love talking to ordinary people. i loveliesenning to their stories and get shaking their hands and getting hugs and just seeing the process of democracy and citizenship manifest itself during an election. but i'm also a practical guy and ultimately every candidate out there had to make their own decisions about what they thought would be most helpful

for them and, and you know, i wanted to make sure i'm respectful of their particular region, their particular state or congressional district and, if it was more helpful for them for me to behind the scenes, i'm happy to do it. i don't have -- >> [inaudible] >> i will let other people analyze that. but what i will emphasize is, that one of the nice things about being in the sixth year of your presidency you've seen a lot of ups and downs and you've got enmore than your fair fair share of attention and, you know, i've had the limelight and i have, there have been times where the requests for my appearances were endless. there have been times where politically we were down and it all kind of evens out. which is why what's most important i think is keeping

your eye on the ball and that is, are you actually getting some good done. scott, last question. >> thank you, mr. president. you mentioned that where your policies actually were on the ballot they often did better than members of your party. >> yeah. >> does that signal some short coming on your part or on the party's part in framing this election? and communicating to the american people what it is that democrats stand for? >> you know i do think that that one area where i know we're constantly experimenting and trying to do better is just making sure that people know exactly what it is that we're trying to domaccomplish and what we have accomplished in clear ways that people can, that understand how it affects them. and you know, i think the

minimum wage, i talked about a lot on the campaign trail but you know, i'm not sure it penetrated well enough to make a difference. part of what i also think we've got to look at is, the two thinks of people -- 2/3 are people eligible to vote and just didn't vote. one of the things that i'm very proud of in 2008 and 2012, when i ran for office was we got people involved who hadn't been involved before. we got folks to vote who hadn't voted before, particularly young people and, and that was part of the promise and the excitement was, if you get involved, if you participate, if you embrace that sense of citizenship, that then things change and, and not just

in abstract ways but change in concrete ways. somebody gets job who didn't have it before. somebody gets health care who didn't have it before. a student who was able to go to college who couldn't afford it before. and sustaining that, especially in midterm elections has proven difficult. sustaining that sense, if you get involved, you know then, and if you vote, then there's going to be big change out there. and partly i think when they look at washington they say, nothing's working, it is not making a difference. and there is just a constant slew of bad news, coming over the tv screen, then you can understand how folks would get discouraged. but, it's my job to figure this out as best i can and, if the

way we are talking about issues isn't working, then i'm going to try some different things. if the ways that we're approaching the republicans in congress isn't working, then you know i'm going to try different things, whether it is having a drink with mitch mcconnell or letting john boehner beat me again at golf or, you know, what, or weekly press conferences. i don't know if that would be effective but, you know, whatever, whatever i think might make a difference in this, you know, i'm going to be trying out up until my last day in office. but i'll close with what i said in my opening statement. i am really optimistic about america. i know that runs counter to the

current mood but when you look at the facts, our economy is stronger than just about anybody's, our energy production is better than just about anybody's, we slashed our deficit by more than half. , more people have health insurance, our businesses have the strongest balance sheets they have had in decades. our young people are just incredibly talented and gifted and more of them are graduating from high school. more of them are going on to college and more women are getting degrees and entering into the workforce. one of the reasons i love campaigning i travel around the country, folks are just good, they're smart, and hard-working and not always paying a lot of attention to washington and in some cases they're giving up on washington but their impulses

are not sharply partisan and their impulses are not idealogical. they're really practical, good, generous people. so, and we continue to be a magnet for the best and brightest, from all around the world. we have all the best cards relative to every other country on earth. our armed forces, you talk to them, i had a chance this morning to call some of the, our health service, that is operating in liberia, and the amount of hope and professionalism that they have brought has galvanized the entire country and has built, they built a platform effectively for other countries suddenly to start coming in and we're seeing real progress in fighting the disease in a country that just a month or a month 1/2 ago was desperate and had no hope. so all that makes me optimistic.

my job over next couple years is to do some practical concrete things as much as possible with congress. where it is not possible with congress, on my own. to show people why we should be confident and give people a sense of progress and a sense of hope. that doesn't mean there aren't going to be ongoing, nagging problems and will not be gone overnight. one of them, despite economic growth, wages an income have still not gone up. that is a long-term trend we've seen for 10, 20, 30 years, it makes people worried about their own situation but whether their kids will be doing better than they did, which is the essence of the american dream. i think there is some concrete things we can make sure that wages and incomes do go up. minimum wage in those five states was a good start but but i think more than anything what

i want to communicate over these next two years is the promise and possibility of america. this is just an extraordinary country. and our democracy is messy and we're diverse and we're big and there are types when you're a politician and you're disappointed with election results. but maybe i'm just getting older, i don't know, it doesn't make me mopey. it energizes me because it means that this democracy is work and people in america were restless and impatient and we want to get things done and, even when things are going good we want them to do better. that's why this is the greatest country on earth. that's why i'm so privileged to have a chance to be president for next couple of years. all right? thank you, everybody. liz: president obama, wrapping up an hour and twelve long

postelection news conference. a widespread discussion but leading with this comment, to all who voted quote, i hear you. he also says the republicans had a good night. that could be quite the understatement. but he also articulated four areas where he felt the two sides could absolutely work together. infrastructure, trade, including exports, education, college debt and of course focusing hopefully, david, on corporate tax reform. david asman joins me. david: thank you very much. yeah, one thing he did not do was take responsibility or blame for the democratic losses as per his policies, even though leading up to the election he was saying his policies were on the line in the election. again, we saw kind of a president doing the opposite of what happened 20 years ago, where bill clinton said, we were shellac. we really got it. i have to take responsibility. i have to change my behavior as a result of the shellacking. democrats got shellacked this time but we didn't see the same

sense of responsibility. our own rich edson is joining us. rich, the big question of course, that the press conference really focused on several times was whether or not this president will change his behavior, whether he will open up dialogue and genuine, meaningful, compromise with republicans on a whole range of issues from tax reform to obamacare? >> david, the most you got on that front is the president saying that he has president must have the unique responsibility of trying to make things work of but he really didn't commit on changing all that much about what he has put forward and any proposal he has put forward. he problem messes to work with republicans. but that was expected. that is pretty much the bare minimum you have to say after your party loses control of the senate next day. he talked about tax reform, something senate minority leader mitch mcconnell talked about this afternoon. he talked about trade agreements. that is something also republicans have been discussing. but on a wide range of issues president discussed what have

been his policies, republicans refused to engage in. like a national increase in the minimum wage and some other types of funding. perhaps something on infrastructure, david. but you did not get that dramatic change that some had perhaps thought would come from the president after his party lost the senate last evening. liz: although it was an interesting moment where one of the reporters asked, will you now meet with mitch mcconnell, the senator of course from kentucky? he said i would like to have a little kentucky bourbon with him. in a way you start to see slight conciliatory behavior here. right off the bats one of the first things floated already was a move to increase funding on things like ebola. i just don't know if that is priority at the moment for republicans. really though, republicans sticking with up in members here. tax reform and things that could help the middle class, correct? this of course we should mention, as we're a business network superimposed over a record dow close today and record s&p close. >> and liz, it would take an awful lot of that kentucky

bourbon to get these two side to move significantly on number of these issues. when it comes to ebola funding, the president earlier sent up a $6 billion request to congress, something house speaker john boehner said the appropriations commit would look and something senator mcconnell would look at before republicans take over. we have the lame-duck session. the senate majority leader is harry reid. they have to get things done on tax, government funding and ebola and possibly on isis authorization. so the president, democrats and republicans, it seems like in those areas, those must-do areas they might get and probably will get all that done or a good chunk of it done before they go away and republican senate takes over, once you get beyond that though, you have all different things that democrats and republicans are throwing out. there is very little overlap, almost same amount of overlap we saw 48 hours ago. david: very severe disconnect between wall street success which we hail and we're happy about and main street's unhappiness which resulted in

the shellacking that the democrats got yesterday and through the election. i mean this is a tsunami wave in terms of political history and it bill go down as such. rich, thank you very much have. let's get into today's action. david steinberg, dls. january any capital's dan and todd horowitz in the pits of the c-m. todd, talk about the middle class. the middle class has been left out of so much. wall street had bailouts. wall street had stimulus money. wall street had free money from the fed. middle class had less money in their pockets as the president just admitted and obamacare. >> hi, liz, david, great job covering election overnight. like a 24 hour deal. david: thank you. >> i enjoyed it. the middle class has been trumpeted out entire thing this is my argument the intime through. the money has not flowed down. the way the whole middle class has been handled. we have nothing.

we haven't been able to borrow money. banks closed window. have not allowed us to come in get our loans. liz had trouble get a mortgage refi. david: ben bernanke couldn't get a refi. liz: he is a unemployed. at least i have a job. david: the guy has a -- >> exactly. so really did at love damage to the middle class. look i, the middle class is still in recession, what anybody ever says, the overall middle class has not benefited. what you heard today, there could be a tax revolt here if something isn't done soon. barack obama -- liz: talk about the change now with the changing of the makeup of congress. and so let's bring in david steinberg. what do you expect? and do you think that the markets, interestingly, we know that when there is this mixture where we have democratic president and republican congress the s&p tends to soar ahead. that what we saw today at least, we have another record for s&p. s&p has been jumping five years.

let's not forget the fed. we have to remember the federal reserve will be looking what to do here. they realize they have to normalize because the economy isn't normalizing. what happens next? >> stock market is driven by a lot of liquidity from the fed. the market going higher here, maybe a little more capitalism, maybe less regulation. with the legislative branch now in republican hand, i think a lot of policy changes not really fostered a lot of good things for the middle class. if the politicians, both democrats, republicans don't get their acts together and really get some policy together that really works for the average guy, they will both have a lot of trouble. i don't think, whether federal reserve races rates a little bit, they have to get balance sheet under control at some point. i don't know how they will be able to do it. i wish them the best of luck doing it. i can't see interest rates going i suspect the stock market will trudge along higher of the i

have great hopes maybe the politicians will get together and improve the standing for middle class. david: dan, bring it back to the market specifically because if the middle class will be the focus of attention by republicans, as well it should be, and by democrats and perhaps some compromise on things that affect the middle class, i think you look at small stocks or smaller stocks if you're investing in the market as most benefited from changes in policy, no? >> well, yeah, i think you're right and there was a good point up about in terms of how wall street benefited. how the middle class has not. if you look at the stock market over the last four or five years, yeah, a lot of it was liquidity-driven rally based off the fed's efforts but we saw main street really turned its back in terms of stock trading for the last three or four years. trading volumes from main street is very low. they're not really involved in these markets the way they were, seeing bull markets of late '90s, when we had sort of a rising tide economy. and they're really pressed in

more fixed income. a lot of them are pressed into cash. so they're very much still on the sidelines. i think says a couple of things about the market. number one, sentiment is still pretty bearish regarding wall street, regarding what stocks can do from here. number two, liquidity should have come off the sidelines through better policy going forward. that could actually drive markets higher and drive share prices higher. without that infusion from the fed that we've been used to for the last few years. liz: the president says he is optimistic and certainly republicans feel very optimistic. so david steinberg, dan, todd horowitz, we thank you so much for weighing in on a very important postelection. david: gentlemen, good stuff. liz: he was named one of the most successful ceos in the world over the last decade. what is his advice now to the new congress for success? and what would be his first move if he were in charge? david: plus will the coal rally that is going on continue? how do you buy into it? how will the gop address

economic issues plaguing the middle class? king dollar winning again, crushing gold again. all that and a lot more with our panel straight ahead. ♪ how much money do you have in your pocket right now? i have $40, $21. could something that small make an impact on something as big as your retirement? i don't think so. well if you start putting that towards your retirement every week and let it grow over time, for twenty to thirty years, that retirement challenge

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david: guess what? tesla is actually moving higher after-hours, following better-than-expected earnings. liz: well look, nicole, they did very well on the revenue but they also reiterated what their deliveries will be. 35,000 for this year. >> i saw a headline too about that. talk about what we're seeing here. earnings per share coming in at two cents versus estimate of a loss of one cent. beat on earnings per share as you noted. revenue here a beat. they did correct these numbers. so the numbers are 932 million versus estimates of 889 million. so a beat there as well. you can see the stock is up about 10, $11 at the moment. highest ever quarterly deliveries. the majority of these deliveries are in north america. they expect their orders for the model s, deliveries alone are expected to increase by 50% in 2015. they will continue leasing 3,000 to 3500 cars in north america during the fourth quarter. the last thing about the number,

it was originally 35,000. thought they were reiterating number. they are cutting it because they went into the fourth quarter with a deficit of 2-k. big picture, stock is doing great. david: while you're talking went from 2% to the plus side after-hours, to 4% to the plusside. so that stock is doing well. thank you, nicole. >> thank you. david: the republican takeover of the senate and go. op strengthened control of house assures the president's desk will be piled high with bills, some which he will sign into law. others he will veto. liz: he said as much. so which of those decisions will impact u.s. businesses, the economy and the middle class the most? let's bring in the man who was named one of the most successful ceos -- david: the most. liz: in the world. david: let's call him the most. liz: john allison, i think we should have said in the galaxy? >> thank you. liz: former bbt and chairman and ceo, most importantly author of, the leadership crisis and free market cure. do you expect with this change

in the fabric of what has now become a republican congress, we will see exactly that, a more free market cure, and will the president go along at least with some of it? >> i think you will definitely see effort by republicans to move to freer markets or now, whether the president will go along with it, hard for me to judge. i was a little disappointed in his speech that he didn't seem to back away from a lot of positions he has had but there are a lot of opportunities. number one is restructuring of the tax law which looks to me, targeted lower tax, flatter taxes wiih less bells and whistles which would definitely be a free market move. of course we need much lower government spending. we still have government spending very high relative to gdp. if you look at economic growth, the government doesn't grow and businesses and individuals do. so the lower the gdp percentage going to government the better off we are. david: john, from your lips to god's ears.

i hope in fact we do lower tax rates and make it a simpler tax code but there is another kind of tax, regulations. that is a huge tax on businesses particularly smaller businesses just starting out, the green sprouts. those have the best jobs, ones you get in on the beginning you can rides up with a company. the president has enormous discretion as an executive to implement policies without going through congress. is there any way congress can stop him and perhaps even reverse some overregulation that stymied business creation in this country? >> well they can if they have, whether they override veto and repeal dodd-frank, repeal obamacare, repeal epa. david: i'm not talking about law here. i'm talking executive decisions that the epa is doing, regulations that stymie business? go ahead. >> unfortunately congress can act but all they can do in that

case is sue in the court system, to try to stop the president, which often times they will. actually, president obama has been losing consistently in the courts but often takes a long time. so that's the challenge there. but you are absolutely right about the regulatory costs. it has gone off the charts in recent years, particularly under the obama administration. i'm not just on new laws but implementation of old laws. david, you were talking about something earlier, this big deal is so much harder to make a small business loan today, than it was 40 years ago. i mean, or three years ago, five years ago and the irony the fed is printing money like crazy but it is not getting in the economy because you can't do small business loans. liz: john, let's talk about some positive things here. we have six out of seven the last months showing 200 plus thousand job growth. we're creating so much energy here the prices actually drop because supply has gone up. very interesting to watch that is more money in the pockets of

the u.s. consumer. what else do we need to do? we talk about cutting corporate tax rates and there is the issue of and talking about president obama and mitch mcconnell talking about trade. >> i'm an advocate of free trade period. the statistics, this is interesting, if you want to improve the quality of life on the planet, the easiest thing would do is eliminate trade barriers. if you think of united states, it is primarily a free trade zone. you can trade, make cheese in wisconsin and trade it for wine in california and everybody can have wine and cheese. free trade improves the standard of living. you don't need 5,000 page trade agreements. you need one page trade agreements, hey, just liie california has with wisconsin. basically, that is what we need. that's an easy one. you know, but there is a lot of politics in that, not eccnomics. david: john allison,

cato institute ceo and president. a man who turned bb&t, one of the best banks in the world from a sleepily little southern bank to a powerhouse in the banking industry. john, great to see you. thank you very much. >> thanks. liz: send us wisconsin cheese. >> fair enough. david: a little bit of kentucky bourbon. >> thank you. take care. liz: coal stocks, did you see this reaction?3 they were pretty significant winners today following the gop win last night. but are these long-term opportunities or should you hold off? david: speaking of energy sector, charles payne will be joining with us three names, oil names, that he likes in this low price environment. stay tuned. ♪ so ally bank really has no hidden fees on savings accounts?

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rebounding, forecasting fiscal year 2015 forecast of 9% revenue growth. with that, dave, i will send it back to you. david: good news for whole foods. >> absolutely. david: meanwhile, what was the election really about? a middle class revolt took place yesterday, that voters made it clear they didn't like the status quo and ending democratic control in the senate and throwing out democratic governors all over the country. will the middle class get changes that will help them? let's bring in our panel. we have fox business's tracy byrnes. we have genevieve wood, daily signal contributor and jeff reeves investor place editor. genevieve, let me go to you. here is what the middle class, what i think anyway. middle class sees poor people getting a lot of extras. maybe they're not happy either but they see a lot of their tax money go to the poor. rich guys meanwhile get bailouts. rich guys get stimulus money and rich guys get stocks going way up because the fed is printing more money. meanwhile the middle class sees their income going down and they

get obamacare. no wonder they are upset. >> no, you're absooutely right. i mean the president talked over and over again, did it today, talking about how great things are, they're getting better, getting better. this has been his speech but reality just saying those things doesn't make it so. and for most folks in the middle class, you're rightly pointed out, what they're making today is not worth what it was five years ago, 10 years ago. they're feeling the squeeze. david: jeff, how do, jeff, 89% of americans consider themselves to be in the middle class. that is people making any wore from $40,000 a year to $200,000. they feel like they're middle class. they don't feel like they're getting addressed. what do we address their concerns. >> you and i vote. that's what we do. david: what do politicians do to address their conceens, democrats and republicans working together. >> one thing with big impact and working class families is

minimum wage. david: middle class? >> depends where you live i think it is very important that people see initiatives like that and realize people's wages haven't moved up. i think it is important for politicians to realize as mitch mcconnell said today, to live in the world of practical government. to work in reality of the constructs of our government we have to -- >> that not going to help. david: tracy i have to get you in here. there is something called simpson mazzoli, democrats and republicans agreed, across the board tax cuts, get rid of special deals for rich guys, will we see that introduced, quickly. >> no but you need to fix the tack code and tweak obamacare. that will help the middle class all around. unfortunately i don't think anybody has the political spine to do it. liz: we have to get to the energy sector. most notably coal. coal, over the past couple of years has gotten evives rated but is the big winner today, as investors believe that this republican run senate will be more energy friendly. will we see this continue?

tracy, i will start with you since you got shortchanged on the last one. more energy friendly? we are drilling more. we are pumping more. we are fracking more than we have in years? >> in perfect world keystone pipeline comes back on the table we start talking about that. your coal plays is best contrarian play out there right now. there is a lot of opportunity i think for people out there. liz: does that last? that's what i begin to wonder? >> yeah, i mean i'm not going to touch coal stocks frankly. i think any commodity stocks have been gutted lately. not just energy. look at agricultural commodities have been slammed. miners have been slammed. gold is down and precious metals. i think there is something bigger going on that republican policy will help coal stocks much the stronger dollar and -- liz: we have gotten rid of certain industries. typewriters gone the way of the dodo bird, genevieve. i am not saying that will happen with coal but at some point other things take the place. natural gas, does burn cleaner

than coal. >> that's right. that is why we have free market. we want a free market to let those things play out. it is not just about the price of stocks. these things create jobs. i think that is why the war on coal that democrats have been waging didn't play well in kentucky, didn't play well in west virginia and whole host of other places and i do think the keystone pipeline is something a lot of democrats, if it is brought up in the senate will vote for this time around. david: karl rove by the way -- >> president wants to veto but that will be rough. david: karl rove said it will be the first thing that hits the president's table. we'll see, we'll get idea very quickly on whether he vetos it or finally comes to agreement on that. coming up next, mitch mcconnell wants the president to be more like presidents clinton and reagan. will president obama accept the challenge? liz: plus the u.s. dollar is king. get a crown on that thing, reining over the ruble and yen, setting record high against russian currency.

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because national lets you choose any car in the aisle... d . you can even take a full-size or above, and still pay the mid-size price. (aaron) purrrfect. (vo) meee-ow, business pro. meee-ow. david: what distinguishes president obama from other presidents? >> reagan and clinton are good examples, accepting governor you have rather than fantasizing the government you wish you had. david: will president obama step up to the plate and do like reagan did and president

clinton? tracy, what do you think? >> i don't think he has a reason to unfortunately, david. not like clinton, who was looking for re-election. this guy will go off to pasture. at this point i don't think he really cares about his legacy. if he did he would have made motions to make things happen earlier in his presidency. david: everybody cares about their legacy, jeff. certainly presidents more than anybody else. will he take the extra step that clinton did and changing becoming more compromising after the midterms 20 years ago? >> i sure hope he does. it is about getting things done for the american people. i would hope obama can understand that. it's a two-way street, right? both mcconnell and boehner taken conciliatory tones. there are very conservative elements in the republican party, if they cater to those people they will not get things done practically either. repealing obamacare on a whole is not going to happen. david: i think now the adults are in charge here. >> i hope. david: senator mcconnell, he has had decades of experience

putting together bills presidents even from opposite parties could sign, if, don't you think it is reasonable to assume that of all those bills that will be put on the president's table he wwll sign some. that will be a net gain for business in america? >> well, he may sign some but i think, look, obama is no bill clinton. he is not a centrist. >> right. >> this is guy came in saying i want to fundamentally change america. that is what he wants his legacy to be, not going along to get along. i think republicans better get ready to deal with the president they have, not the president they wish they had because i think it will be a tough couple years but i think they have to be bold and got to give americans a choice to see which side they want to go with heading into 2016. so going along, getting along ain't -- >> david, you know what happens when you assume stuff? that never goes well. david: make no assumptions in this world. liz: don't assume our greenback will turn belly-up anytime soon. the u.s. dollar has continued to post major postelection rallies

while gold hits four-year lows. so what is next. jeffreys, let's go to blur rob. our money -- go to europe. our money buys more finally. >> kind of cleanest dirty sheet we've been seeing for america. china continues to slow down..3 last estimate i saw, china's growth could be as low as late 1990s, if it false below 7.5%. china is not doing as freight as we thought. europe with risks deflation. we're pretty okay compared to rest of the world. the dollar is very strong. i don't think that is going away. people can say what they want about america. better here than europe. liz: we want a strong dollar, don't we? >> well we do, but i'm laughing, we look compared to all the other disasters going on around the world. this is also strong, people have seen probably a change in government coming. they got it last night. that contributed some of this.

>> let's be real, liz, things have gotten incrementally better. we want to be the strongest currency in this country and hopefully continue to move. liz: at the expense of gold bugs. sorry, peter schiff. david: i have a little gold. i'm a little discouraged by that. of the tracy byrnes, genevieve wood, jeff burns, thank you very much. >> we got inventory numbers very bearish for the price, after falling to a three-year low earlier this week, bullish, rather. coming up charles payne has three names he says buy now. david: what a three-year chart that is. amid ebola fears, how is the cruise industry convincing passengers it's safe to travel? i bet there are some great deals. we'll tell you about that from carnival's ceo straight ahead. synchrony financial paners with over two hundred thousand businesses, from fashion retailers to healthcare provers,

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last night exemplified that. earnings from key american players, chesapeake energy and eog. by the way, eog, people don't know was enron company. only good part of enron. >> i didn't know there were good parts of enron. >> some people think it is thh best energy play in this country. david: look how it has come down and you want to buy low. >> amazing how they have all come down. you remember summer, isis on the march and worry oil would go to 150. all of sudden tables have turned which makes action last couple weeks with saudi arabia curious. initially deciding not to lower production. deciding instead this week to lower prices. that was, i honestly think they are tryiig to hurt american frackers. liz: it gets tricky, picking stocks in an atmosphere where we're drilling more, we're fracking more, which is lovely for the companies and initially but be came what you wish for because then the price comes down. >> it does come down but you know, listen, we know oil has a3

range. when you start talking about multiyear lows, i don't think it stays down here much longer. do you pick integrated oils? >> i'm not a big enat that greated oil guy. i kind of like domestic names. in fact my clients are long eog right now, we're long chesapeake. >> chesapeake? >> chesapeake. david: put chesapeake up on the board. we had a trader in couple days ago recommending chesapeake. why do you like it quickly? carries stigma with the former founder who left a sour taste in a lot of people's mouths. same thing, a lot of upside potential. after the beel clr will report sometime this afternoon. i like that a lot. liz: original supporter of tesla through dark times. look how will that is done. how much david? david: up now 5.2%. >> a lot of good earnings after the close. david: whole foods up 7%. >> capitalism wins, huh? david: charles, you're the best. charles, by the way will have

more on oil and these markets postelection on "making money with charles payne," tonight, 6:00 p.m., do not miss it! liz: set the alarm, the tivo, set everything. the economy is back in the spotlight tomorrow with very important reports. what should you keep your eye on? it is tomooroo's trade today. that is next. you can't miss it. >> hi, everybody, i'm gerri willis. nine years it is a long time to go without a raise. coming up at the top of the hour, now that voters have given republicans the reins of ppwer in congress, what will they do to lift incomes of american middle class voters? that and other consumer stories on "the willis report" in just a few minutes. for that moment, whe right place meets right time and when iind it- i for i (aouer) at scottrade, share your passion for tding. that's why we gi you the edg with innovative charting and trading features, plus powerful mobile apps so you're.

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liz: the number one thing to watch tomorrow, this is good, we bring back jeff reeves investor place advisors chief economist. take it away jeff. what is it? >> definitely be wages. unemployment is really important right now. i won't act like it is not. we saw election with minimum wage votes matter. real wages adjusted for inflation haven't gone anywhere since 2000. i think it is important to see wage growth and labor participation and part--ime numbers. more than headline numbers, it is all about wages. david: what about, jeff, the idea that small businesses in this country that create new jobs. maybe they don't have big wages at first. but if you get in on a ground floor as a company is you can grow with it, your3 position and your salary? >> yeah, it is not just your salary, dave.

got to remember the small business owners are owner. sole employee, cfo, everything. david: right. the idea of building wealth and something you pass on to your family. i know small business owners. won't act like it is not.ney, i won't discount that to get in small business to work your way up. ownership. that is what is america is built on. david: absolutely right. liz: are you bullish, eff. >> i i want to manage my portfoo if there is a zombie pock lips? there is always way to. there is wonderful technology. you have to be patient and realistic and be in it for the long haul. david: in terms much realism, is there any realistic chance we have tax reform, significant tax reform across the board everybody will beeefit from? >> oh, across the board. i don't necessarily know about that. if republicann are really smart i think they are going tt be smart about this from boehner, they will pick their battles and

things president will meet them halfway. repealing obamacare on the whole is not happening. some measure of tracks reform is practical possibility. david: lower rates, less come pecsty. thank you, yes. >> let's get down at least to france's level. "the willis report" is next. gerri: hello, everybody, i'm gerri willis. voters sending a message and now middle class americans want to know if republicans got it? senaae republican leader mitch mcconnell voicing the thoughts running through a lot of folks minds over the last few years, washington is dysfunctional. he says it is time for lawmakers to get back to work. this as president obama tells those who voted for change, i hear you. here to way in. neil cavuto. well come back to the show. always good to have ou here. that coverage last night, spectacular. i am wondering what you think is going to be the first order of business? we have a meeting friday. a bipartisan meeting, congressional meeting with the president. what is on the