tv Cavuto Coast to Coast FOX Business November 6, 2018 12:00pm-2:00pm EST
12:00 pm
if democrats sweep house and senate, down we go, absolutely big time. susan: can you imagine next two years, what gets done? nothing. stuart: what gets undone would be a lot. our time is up. triple-digit gain for dow jones industrial average. i will hand it over to neil cavuto. sir, it is yours. neil: stuart, you made it sound like the election was today? stuart: yesterday. i believe you and i are together tonight to talk about. neil: thank you, my friend. we're following that, very scenarios. stuart was where markets expected. consensus they have split government. market tends to like that. seems they're factoring in. surprise in the house, republicans hang on to that, that would really help stocks. thatthat is a view widely share, but not widely-held. something markets would like to see but they don't expect to see. there are all the gubernatorial
12:01 pm
races, all the senate races. there is a lot going on here. connell mcshane with the house thing betting the most scrutiny? reporter: absolutely is. pretty soon we'll have real data coming to the screens and get rid of preconceived notions and scenarios. time to go through likely out comes versus unlikely outcomes. that is the way to think about it, republicans 240-195 coming into the house. it does mean on this side of the aisle, dems have to go plus 23. you will hear that number all night long to take back control. it sounds like a tall order. if we look at what is at stake, maybe it is not that tall. look at house of representatives, not versus what it is, but what might be you get an understanding we're talking about. we have 29 tossup races in the fox power rankings. if you lean r, lean d, you add in those races, there are 75, 76
12:02 pm
races we're watching tonight. if the leans go the way they are leaning as an argument here, of these 29, republicans probably have to win, just doing the math about 2/3 of these races. that is why it is uphill battle for them. there are probably nine or 10 times the amount of gop held seats at risk in the house versus the democratic seats. i have three to highlight for you on the map, to give you an idea how the night might, we emphasize, might, might play out. everybody is watching an early race because the polls close 6:00 p.m. eastern time in kentucky 6. now the incumbent candidate here, andy barr is running against an interesting candidate in amy mcgrath. female candidate, who also has a military background in a district, kentucky 6 has been leaning republican. went for romney, went for trump but has democratic roots. if mcgrath wins in a true
12:03 pm
tossup that would be good early sign, 6:00 p.m. eastern time for the democratic party and this idea of the blue wave. now two others quickly to give you an idea how it could to one direction or another. first one, florida 27 which is an interesting race here that the democrats should win. donna shalala, you remember her, clinton cabinet member, health and human service, running against a candidate with salazar, has a background in television, speaks spanish. that miami area is thought to help her. this is open miami seat that democrats don't win, that is a bad sign for them, maybe the blue wave is not as big of a wave as you think. on other side of it, i will highlight one more race right now, we don't overload with too much information, virginia 2. this is the virginia beach area. you heard some virginia races we're watching tonight. >> 7, 10, what have you. edward lawrence is in the dave brat district. scott taylor watching in
12:04 pm
virginia beach against elaine luria. both have military background. a state or district that liens republican and should lean republican tonight. if luria picks it off for the dems, neil that could be a sign the blue wave is in effect an early side for that. that is the way the night will play out. other races we're watching closely. you see odds are in favor of democrats, but certainly republicans do have a chance of holding on in the house. one of the ways to look at it, in terms of probability. remember on election night 2016 we were all saying here that a win for president trump was an unlikely event, but it wasn't an impossible event. most of the models say he has 30% chance or so. most of the models say republicans have 30% chance of keeping the house, something like that. neil: the consensus has often been quite wrong. connell is joining us on the all-night coverage tonight here. we should preface here. connell touched on it.
12:05 pm
we could get early incations how the night could go, i stress could go, 6:00 p.m. out of indiana as polls close, this battle everyone is focusing on, for example, in kentucky, later on in indiana, virginia, 7th district, we'll get into that in a second. we might get an early indication how the evening could go from those races. tougher for republicans early on or looks better for them early on, could telegraph the rest of the evening. not all the time but a lot of the time. we'll monitor that. we'll monitor futures reaction, foreign market reaction, we put it all together here and we'll put it together tonight. let's go to former budget director douglas holtz-eakin, former economic advisor to president obama, austan goolsby. less important in a midterm election year where anger seems to pet people out to the polls, but not unimportant.
12:06 pm
the president downplayed that, much to i guess paul ryan's chagrin in favor of more divisive issues like the caravan and all that. what do you think? >> the economy is very strong. we've seen steady pickup in year-over-year gd president of growth every quarter in the trump administration, that has shown up in wage growth especially measured by the employment cost index, the best measure of it. i think there are some republicans who wish the president emphasized the economy more, their contributions to that economy but it is certainly not going to hurt republicans. they have a strong economy. they can run on it. neil: austan, the economy was humming along just fine. certainly better than it was in both of the midterm elections, particularly the last one for barack obama. but again without him on the ballot per se the argument was democrats weren't going to benefit. what is it about that that makes the economy, unless it is just going kablooy, such a non-event
12:07 pm
in a midterm? >> well, i'm an economist but i hate to say it because people hate economics you know the fact is, i think one of the things that got the republicans collectively and president trump specifically not talking about the economy is that the major actions taken by the administration in the last couple of years have not proven very popular at all. so the economy is doing fine, doing very well, but the tax cut is extremely unpopular. and if you look at issues of the around health care, that is a really a two-edged sword and probably a negative for the administration and candidates. so they're kind of like, let's get off talking about those things and -- neil: i don't know about that. i can respectfully disagree whether it is extremely unpopular because consumer confidence is in and out of two decades highs. >> right. neil: doug, do you get a sense
12:08 pm
there is right balance here? with so many people voted early, and 36 million who did, depends when they voted and snapshot at the time you can think of a market selloff for some, some who were voting early when their own fortunes were improving so a lot depends on that. there were a lot of republicans who were voting early. i don't know what to glean from that but what do you think? >> i think this is a interesting feature of this midterm. in past elections, they owned early vote. they are much better getting voters organize early. republicans in the traditional fashion caught up on that. with an economy that has been steadily improving that is sort of insue lates you when the vote is taken. there are market fluctuations. vast majority of americans are not personally invested in that. i think the economy works in the republicans favor, the early vote had this case can sells
12:09 pm
out, doesn't give democrats an advantage. neil: we try to extrapolate a lot on midterm battles, what is sets the stage for. a lot of people thought after the 1982 midterms that ronald reagan was toast. obviously he wasn't, or even barack obama after midterms in 2010 was going to be a one-termer. obviously he wasn't. we can make the leap here that goes beyond the reality but what is your sense how democrats address economic issues after these mid thames? if they were to cain the house, for example, are they galvanized to reach compromise some issues near and dear to economists and those who would crunch the numbers? or is it about going after donald trump and hearings and investigations and they get sidetracked? >> yeah. it is probably, probably less the, let's find ways to find compromise. the history suggests that when
12:10 pm
it comes into the midterms, if one party wins in a big way at the midterm they feel like they're emboldened. they have a mandate as it were but once you have divided government it usually is the case other party takes over in the midterm not a whole lot gets done before the presidential election. it is more like setting the stage over what is the agenda will be when they fight in the presidential campaign. i think for sure democrats number one thing is health care. you see it over and over again in a whole bunch of races. neil: right. >> they will try to push back fence some of the moves the president has taken on health care. neil: gentlemen, thank you very much. we'll watch carefully the health care issue. joe donnelly i had made that issue center as incumbent in indiana, a state won heavily by the president. he has taken that a cause to put himself in the front of the polls. not necessarily guarranty how the ultimate vote turns out. a winning issue for him and
12:11 pm
number of other democrats seized on this as a weakness in the republican armor. there are a lot of ways to interpret that. much more after this. think your large cap equity fund has exposure to energy infrastructure mlps? think again. it's time to shake up your lineup. the alerian mlp etf can diversify your equity portfolio and add potential income.
12:12 pm
bring amlp into the game. before investing, consider the fund's investment objectives, risks, charges, and expenses. read the prospectus carefully at alpsfunds.com/amlp hi.i just wanted to tell you thdependability award for its midsize car-the chevy malibu. i forgot. chevy also won a j.d. power dependability award for its light-duty truck the chevy silverado. oh, and since the chevy equinox and traverse also won chevy is the only brand to earn the j.d. power dependability award across cars, trucks and suvs-three years in a row. phew. third time's the charm... - at afor the financialt's time world to stop acting the same old way. you need a partner that is willing to break free from conventional thinking. we are a different kind of financial company. we are athene, and we are driven to do more.
12:13 pm
and i found out that i'ma from the big toe alian. of that sexy italian boot! so this holiday season it's ancestrydna per tutti! order your kit now at ancestry.com what if numbers tell onat t. rowe pricey? our experts go beyond the numbers to examine investment opportunities firsthand. like e-commerce spurring cardboard demand. the pursuit of allergy-free peanuts.
12:14 pm
and mobile payment reaching new markets. this is strategic investing. because your investments deserve the full story. t.rowe price. invest with confidence. i am a techie dad.n. i believe the best technology should feel effortless. like magic. at comcast, it's my job to develop, apps and tools that simplify your experience. my name is mike, i'm in product development at comcast. we're working to make things simple, easy and awesome.
12:15 pm
neil: this is claire mccaskill. is this live, guys? voting in missouri. she is in the race of her life. some have the race dead-even against josh hawley. this is state donald trump won by 18 points. she has uphill battle right there. she is famous for saying i don't care whether democrats are running the senate or not. she has run very much to the right in this re-election battle of hers. so remains to be seen how it will sort out. there are a lot of tight races in the senate. that is an uphill battle for democrats to take. the math just the opposite in the house but jeff flock meanwhile in carmel, indiana,
12:16 pm
joe donnelly, incumbent democrat senator in the race of his life as well. jeff, what is the latest there? reporter: running to the right, pretty much the same way as claire mccaskill. the latest from here, turnout, not only here in this county, this is hamilton county, largely red county, johnson county, by the way come on in, take a look, look at all these people. a lot have been standing here a long time. there is not as many voting machines i would have expected. look at all the people standing in line. in johnson county, franklin indiana, for those who don't know it, apparently they're oh loaded. they are not able to cast ballots at moment, they just had too many people. they say their service provider is not able to provide enough bandwidth, basically to get the votes communicated. they're working on that. give you some numbers, neil. early vote, that is the numbers that we have now in terms of hard numbers. early vote is up by half a
12:17 pm
million in this state compared to the midterm four years ago. but specifically where is that early vote? in marion county, that is the county that is indianapolis, essentially, urban county, blue county. in 2016 they had about 7% of the state's vote. this year, in early vote they have over 11% of the state's vote. and compared to some of the red counties, republican counties appears more enthusiasm on part of democratic counties. how the vote goes we don't know, but that is anecdotally, but hard numbers in terms of early vote. we talked to mike braun, the republican senate candidate about that very issue earlier. here is what he told us this morning. >> this is more conservative state. that says we like it. so i think, we noticed that definite difference back in the kavanaugh hearings. it energized our side.
12:18 pm
reporter: yeah, energized them but early vote at least, based on that, i would say the democratic county is favored at the moment. this is a red county here this is hamilton county. this is north of indianapolis. you see the people turning out, the old-fashioned way, on election day to vote. neil. neil: remarkable, a midterm, thank you very, very much, jeff flock. we should hasten to add early voting and great hoopla you get about it, that is good to see but you could make wrong assumptions for that. for example, in 2016, early voting particularly in democratic areas of the state including palm beach county, what have you, it was thought to favor hillary clinton. she ultimately lost the sunshine state. so just word of caution there, don't make leaps there that might not be warranted. there has been a lot of money poured into the race. this is the most expensive midterm race by far, $5.2 billion. a lot going to digital ads and the like.
12:19 pm
"real clear politics" tom bevin and republican fund-raiser, noelle nikpour. i imagine as a fund-raiser are you worried about this. >> one sense i work on commission of all the races. neil: is this a great country or what? >> on the other hand wow, i mean it is really become a blood battle, what i really hate to see is, you know how candidates a long time ago bottom to meet the people, out meeting the people, you know what they're really doing? they're on the phones. they're doing call time. they're asking for money. they're -- neil: even today, i noticed -- >> have you not gotten emails? neil: raising money today. >> all the way to the end. i got a call last night. neil: i never remembered it like that. >> you know what else i'm seeing? small donor contributions on both sides, democrats, republicans. i was talking to president of emily's list, all-time record
12:20 pm
high. yikes, that is scary for republican, all-time high on emily's list. passion and motivation. rallied as democrats get, the republicans are wanting to go to trounce that. the interesting thing we're about to have a litmus test on donald trump. is he fantastic for this brand, gop, are we moving toward donald trump gop? is he going to be great or is he going to be toxic. angering so many people on the left, it moved in to change the dynamicses of the house and senate. neil: would have to get the senate as well, right? >> yep. neil: what do you think, tom is it. >> unquestionably we're in new era. i've been doing this 20 years. this feels like a presidential, not a midterm. neil: who is turning out more, do we know? >> we don't know. you could say high turnout benefits democrats. but if republicans rise to meet
12:21 pm
the blue wave could be a split decision. republicans could have decent night. they still have the opportunity to hold the house. depends where -- neil: a lot of money raised, that is a lot of money raised for both parties. i find it interesting democrats raising a little more money. i don't know who to believe. we'll get the final figures after the election. what do you think about that? >> i'm skeptical about the green wave in terms of the fact, money doesn't do what it used to do? is it valuable for ground game? beto o'rourke has $38 million. he could have $100 million because he is fighting uphill battle because it is republican state. i'm no evidence of ads are changing minds, suppressing votes. no evidence of that. there is a ton of money floating around the election. >> when you're attacked you better have money in the bank, a backup ad to take up for yourself. what i have seen in races, you
12:22 pm
may have a little bit of a lead but then the opposition comes out with a really nasty attack ad. all your people are going, what are you going to say? what are you going to say. neil: do attack ads work? >> menendez, baby in the cradle, what am i going to tell her, and with 16-year-old prostitutes. what am i going to hello her? pretty nasty ad. >> a lot of close races, a few undecided people, believe it or not. there are some true independents who are not even going to know who they vote for until they get in the booth. most of the country decided long time ago. they are red team, blue team. in those instances those attack ads might sway people, make a difference. a lot of these are one-point races. they are tied, they very, very close. >> one thing we'll see, whether or not trump's base will rally to get out the vote because he has got energized base.
12:23 pm
they will stand out in the rain. they will come out in the rain. they are 100% for trump. they will help him every way possible. so we'll see if the democrats have been able to motivate so high to match that base. that base is not just gop. that base is, what i would like to call, a trump republican. someone that is just for trump. so they will do what trump says. neil: yeah. real quickly, your thoughts on all the money donald trump is collecting ahead of the 2020 race? he has over $100 million. a lot coming from small donors. that is still two years off. >> oh, yeah. 2020 race is on. it used to start tomorrow officially but -- neil: sometimes tonight. >> it started weeks ago, months ago. on democratic side, donald trump filed for re-election the day after he took office, shortly after he was inaugurated. he has been raising money. the game is on. neil: that is something he and barack obama had in common, the small donor base. they have really leveraged. >> look where that got barack obama?
12:24 pm
it got him -- neil: look where it got donald trump. >> you know what? small donations are voices and votes. neil: you get a percentage of it. >> thanks. i probably shouldn't have said that. great. neil: we have couple things we're watching. we showed you claire mccaskill just before in missouri voting. we have video coming into the newsroom, josh hawley, her opponent. they are dead-even in the polls. this would be a pickup for republicans if they were able to land this seat. they're also looking to do the same in indiana, and north dakota where heidi heitkamp of course has looked very problematic in the polls down by double digits. you don't know until you have the final votes in. these are among the contests particularly in the united states senate they're scrutinizing very, very closely. the dow, for the time-being, up 100 some-odd points. we should stress, markets generally go up on election day, in a midterm election particularly, most of the tile. and usually after the midterm election is decided. 90% of the time, six months
12:25 pm
later stocks are up. 85% of the time, a year later, they're still up. more after this. s imposed by the traditional brokerage houses. transparency in the way we're compensated. our philosophy is one of service, not sales... that's why i'm independent. charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com a moment of joy. a source of inspiration. an act of kindness.
12:26 pm
an old friend. a new beginning. some welcome relief... or a cause for celebration. ♪ what's inside? ♪ [laughter] possibilities. what we deliver by delivering. should happen everydred five hundred years, right? fact is, there have been twenty-six in the last decade. allstate is adapting. with drones to assess home damage sooner. and if a flying object damages your car, you can snap a photo and get your claim processed in hours, not days. plus, allstate can pay your claim in minutes. now that you know the truth... are you in good hands? so, let's talk about conference calls. there's always a certain amount of fumbling. a lot of times it doesn't work. we have problems. comcast business goes beyond fast.
12:27 pm
by letting you make and receive calls from any device using your business line. and conference calls you can join without any dial-ins or pins. (phone) there are currently 3 members in this conference. i like that. i like that too. i would use that in a heartbeat. get started with innovative voice and tv solutions for a low price when you get fast, reliable internet. comcast business. beyond fast.
12:28 pm
comcast business. but some give their clients cookie cutter portfolios. fisher investments tailors portfolios to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management.
12:29 pm
>> i'm lauren simonetti on the floor of the new york stock exchange. where tech is snapping back today. the nasdaq is up and so is one of its big components, which is apple. market cap here still below a trillion dollars but the stock is getting a 3/4 of 1% boost. you know what happened on thursday. the company reported earnings. they would stop reporting unit iphone sales. since that report the stock is down 8 1/2%. but its election day. since the election of president trump, i will leave you with this, apple shares are up 82% since the 2016 election. let's also talk about amazon right now because this year of intrigue where the second headquarters is going to be is coming to an end. "wall street journal" is reporting we could get an answer
12:30 pm
as soon as this week. they're also reporting it might not be a winner but two winners. a split second headquarters so that five billion dollar investment and those 50,000 high-paying jobs would be split between reported crystal city, virginia, and long island city, new york. the journal also reporting that dallas, texas, could be one of the finalists as well. so we'll see. but we're hearing two cities instead of one. the thinking is this. there is more access to talent if you don't pick one location. that would be good for amazon. this way they don't burden the infrastructure of the winning city. neil, back to you. neil: lauren, thank you very, very much. if the house were to flip, today, then what happens? the makeup of the committees and everything else already, adam schiff, ranking minority member on tell fence indicating he will go after the president strong on russian meddling. that is preview of coming attractions. charlie gasparino what that shift could mean for washington?
12:31 pm
>> it could be pretty crazy. let's say it doesn't shift, less crazy, right? paul ryan is retiring. jeb hensarling is retiring, head of the financial services committee, someone we pay attention to. there will be different people there. kevin mccarthy and jim jordan may fight it out for the speakership. jordan will get some leadership position if mccarthy gets speaker. i keep hearing frank lucas of oklahoma as possibly financial services chief. unclear. there will not be major policy differences. if the democrats control all bets are off. these are the names you pay attention to, axe mean -- maxine waters, adam schiff, jerry nadler. schiff for intelligence, maxine waters at financial services. all four from what i'm hearing, from people close to them have their guns loaded for president trump. the conventional wisdom, maxine waters, for example, at financial services would be
12:32 pm
trying to screw the banks. don't think so. not getting that impression either from the banks or from people close to her. her main emphasis will be on stuff that embarasses donald trump and squeezes donald trump. for example, house financial services has some oversight overhud. she didn't think ben carson is doing particularly good job. watch for her to focus, watch for any of these to focus on anything coming out of trump tower, the trump organization, if it has any relationship to anything going on in the white house in the world. that could mean anything. conflicts of interest will be key. i think what you're going to see here, you may not get a impeachment hearing out of the democrats. i'm assuming nancy pelosi is likely to be the speaker if the dems win but what you'll see, from what i'm getting, you may get an impeachment hearing but i think the main emphasis is likely to be essentially roasting donald trump for next two years. neil: could be one investigation
12:33 pm
after another. it wouldn't go anywhere in the senate anyway. >> no it wouldn't. if the senate stays republican likely will. neil: you need 2/3 of the votes to pursue. >> from a policy standpoint need the senate to approve to change banking laws. they get a lot more juice setting up trump through 2020 through the investigations. neil: beat him up a little bit, before he runs for re-election so he could be vulnerable. among those saying in the majority we can subpoena his tax records. >> that's true. neil: can they? >> yes. neil: so he would have to comply? >> well, we'll see. maybe he could figure out a backdoor way not to comply but you know, when you're in the majority, i have seen democrats in the majority in these various committees, particularly going after wall street when there was mileage going after wall street back in 2018. also back in 2002, 2001, after the dot-com bubble burst. they can investigate just about
12:34 pm
anything. they have subpoena power. they can call you to attest. neil: they could overreach? >> yeah they could. harvey pitt, the reason why he almost had to resign, the reason why he had to resign as sec chief basically because democrats controlled the various committees, essentially investigating him whether he was too close with the wall street firms he used to represent in private practice. i don't believe that was the case. they turned up the heat on that. these guys can play really dirty. they are not looking at minor players. they will go after the president. everything i am hearing, scorched earth on this guy. investigate everything. devin nunez ran intelligence, right? you know, stuff slipped, right? the republicans wrote a report about mueller on russian collusion, said it didn't exist. the guy that will take it over now, schiff, likely to take it over, if the dems win, i say likely, you never know how they
12:35 pm
horse trade chairmanships even if they win he might not get it but probably will. he will take the opposite approach, glass half-full if donald trump did something wrong with the russians, as opposed to half empty. that is how these guys look at it. they can be really nasty. people underestimate maxine waters and donald trump absurdly, since she is in intelligence. this is really smart legislator. she represents that district very well. neil: wins in landslide. >> she knows how to do this. always dangerous when you dismiss your opponent and laugh them off. >> not with her and elijah cummings and schiff. neil: thank you very much. get better. talking about some. battleground states, florida, and arizona, we're talking close to 37 million people who voted early very -- versus 28 half
12:36 pm
million voted in 2014 this is by far a record for a midterm. when some final numbers come in, many say it will eclipse the 2016 levels? what does that mean and who benefits, after this. ♪ moving? that's harder now because of psoriatic arthritis. but you're still moved by moments like this. don't let psoriatic arthritis take them away.
12:37 pm
taltz reduces joint pain and stiffness and helps stop the progression of joint damage. for people with moderate to severe psoriasis, 90% saw significant improvement. taltz even gives you a chance at completely clear skin. don't use if you're allergic to taltz. before starting, you should be checked for tuberculosis. taltz may increase risk of infections and lower your ability to fight them. tell your doctor if you have an infection, symptoms, or received a vaccine or plan to. inflammatory bowel disease can happen with taltz, including worsening of symptoms. serious allergic reactions can occur. for all the things that move you. ask your doctor about taltz.
12:38 pm
your company is and the decisions you make have far reaching implications. the right relationship with a corporate bank who understands your industry and your world can help you make well informed choices and stay ahead of opportunities. pnc brings you the resources of one of the nation's largest banks, and a local approach with a focus on customized insights.
12:40 pm
when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. neil: one prediction we can make about arizona, one way or another it will elect its first female senator. hillary vaughn in phoenix, arizona with the latest on that close race. hillary. reporter: neil, voters are lining up, polls are open, but early turnout blew past numbers we had in turnout for the 2014 midterm election. republican candidate for senate, martha mcsally, headed into election day today, virtually tied with her democratic
12:41 pm
opponent kyrsten sinema, thinks it is ridiculous she is still tied with her opponent. she energized voters in an election eve rally last night. >> we are still neck-and-neck right now, which is totally like, seems ridiculous to a lot of people but just goes to show you with tens of millions of dollars poured into the campaign. wake some people up tomorrow. send out emails. do facebook posts. whatever else you can do. take people to the polls. it will really come down to turnout right now. it will come down to that. every last vote really does matter. reporter: democrat kyrsten sinema tweeting this morning, i started my morning with a run on u of a campus in my hometown of tucson. next stop, thank arizonaians voting. most people have already voted. arizona secretary of state said 80% turn in their ballots early. right now republicans have the edge in turnout so far when it comes down to ballots.
12:42 pm
out of 1.5 million, 41% of the ballots are from registered republican, 33% from democrats. voting in arizona is also on track to outpace the voting that we saw here on the presidential election in 2016. neil? neil: hillary, thank you very, very, much. let's play hypotheticals here, if the democrats indeed take the house of representatives, what would the president do to react to that, busy with executives orders with full run of table, republicans in charge of capitol hill, what would he do in that event? former attorney general under president bush 43, judge alberto gonzales joins us right now. what do you think, judge? >> who most? i'm assuming that the president is going to exercise whatever thought he has, either through persuasion or through produces like executive orders or executive proclamations. try to move forward to address the problems that confront our country. but obviously, his job as president will become much more
12:43 pm
difficult if the democrats control one house. and you know, so remains to be seen how he will respond, how he will react to that kind of situation. neil: you know, some presidents are very effective parlaying that to their favor. bill clinton after the gingrich revolution obviously signed on to a lot of the conservative messages. welfare to work, all of these things, also playing off the other side getting too cocky. the government shutdown, what have you, obviously right after that in '94. in '96 he is reelected by an easy margin. so this president could do the same thing, right? even barack obama losing a good number of seats in 2010 came back to get reelected. there is something to work that in the president's favor. what do you think of that? >> well i think he has been very effective quite frankly setting up sort of a straw man, someone he can energize his base to go after. the other thing we can't really
12:44 pm
account for, neil, is, world events. if something were to happen like 9/11 type of attack or something overseas that might affect our national security, that will gal vannize the american public. it will galvanize congress. after the attacks on 9/11, democrats and republicans came together to support the president. a lot remains to be seen what happens even if democrats do win the house. neil: i would like to tap your legal expertise here, judge, if you don't mind. we heard from charlie gasparino and others if the democrats take the house they will go after him to subpoena documents, everything what he knew, who he knew about russia, et.al., tax records and the like. how compelled is he to do what they say? >> if you're dealing, if you're talking about interaction between the executive branch and legislative branch the president wouldn't have the ability to assert executive privilege. that is something recognized by the supreme court. that is based upon a recommendation by the attorney
12:45 pm
general that the circumstances exist for the president to assert privilege and recommendation by the attorney general that the president should assert privilege. that gives him a weapon to fight these kinds of requests. there is always a dance between the executive and legislative branch with access to information. that dance is a slow one and it will take type. again, i think the, this president will be well-equipped, he will be well-advised to do the things he needs to do to work with congress, to provide information that he should provide but also to exercise the prerogative to protect the privileges of the executive branch going forward. neil: thank you very much. alberto gonzales. we'll see how this sorts out. legally we'll be looking later on with this notion the president could do a bit of a cabinet shakeup, first to go could be potentially attorney general jeff sessions. meantime a divided congress can be necessarily a problem for
12:46 pm
the power of the white house but not necessarily for those looking to make more money in their house. we'll explain how split government can be easy money after this. hi.i just wanted to tell you that chevy won a j.d.power dependability award for its midsize car-the chevy malibu. i forgot. chevy also won a j.d. power dependability award for its light-duty truck the chevy silverado.
12:47 pm
oh, and since the chevy equinox and traverse also won chevy is the only brand to earn the j.d. power dependability award across cars, trucks and suvs-three years in a row. phew. third time's the charm... i've done all sorts of research, read earnings reports, looked at chart patterns. i've even built my own historic trading model. and you're still not sure if you want to make the trade? exactly. sounds like a case of analysis paralysis. is there a cure? td ameritrade's trade desk. they can help gut check your strategies and answer all your toughest questions. sounds perfect. see, your stress level was here and i got you down to here, i've done my job. call for a strategy gut check with td ameritrade. ♪
12:50 pm
neil: are the markets reading this correctly? largely republican crowd. the same crowd loved your old boss bill clinton because they were making a lot of money? >> i wouldn't be surprised those in business as well as the american people kind of look to that possibility of having a divided congress with a house held by the democrats and the senate continuing to be held by the republicans as a good formula for our democracy. neil: the idea behind that, leon panetta, bill clinton former chief of staff, or the things as well, limits how much government can do. wall street loves the laissez-faire environment, prefers less is more out of washington. let's get the read on that, whether that is the case here. "usa today" congressional reporter eliza collins. what do you think of that argument, it has proven it is true, with split post -- government, wall street does
12:51 pm
very well, what happens after we have split government? leaving that aside, leon panetta seems to be saying others agree, it is perfect for the markets. what do you think of that? >> the truth is, with a democratic house, a republican senate not a lot is going to get done and what is going to get done, a compromise more modest things. you might see a infrastructure bill or something to shore up health care markets but those will not be the up and down changes that would hurt the markets. it kind of provide this is check. it also provide as check on democrats might push back on the president going forward with extreme trade policies and that sort thing. that could also affect the markets. neil: i say it is more powerful if you're the opposition party to have the senate rather than the house. i'm not minimizing the house. legislation starts there, but the power of impeachment really ends definitely in the senate. that is a body that could see republican numbers actually increase. what are your thoughts on that? >> i think that is true.
12:52 pm
the senate has power they're the ones who ultimately decide impeachment. it is powerful to be in the minority in the senate but if you're in the house you are the minority you have no power. democrats take control of the house, they can open investigations. you're absolutely right. if they start impeachment, it won't make it through the senate but they can make the president's life miserable and by subpoenas and investigations. in the senate it takes one person to stop something, slow something down. so democrats can wield power, annoy the executive branch. neil: there you go. the executive, if he is can any enough can work that to his advantage. ronald reagan did so after the 1982 midterms where his party lost 27 seats. bill clinton managed to do that after his party lost 52 seats. they come storming back, then use the congress as sort of like a, a stomping ground to say these guys stopped me at every
12:53 pm
path. what do you think of that? >> absolutely. what we've seen the president do, that could end up hurting republicans he blamed congress when he had republican majorities for stopping him. if democrats had majority it would make more sense going after the other party. people would say oh, they're hurting the president. there is concerns that the republican voters that they still might not like the republican congress because they are stopping the president. neil: are you getting sense of late-break trend we should pay attention to. we have vote comes in 6:00 p.m. in kentucky. closing 7:00 p.m. in indiana. couple closely scrutinized races in indiana, a much watched senate race that could telegraph the evening for us? are you in that camp? >> that will start to telegraph the evening but we have a giant house map that will take us, i am assuming until the morning.
12:54 pm
california doesn't close until late, late on the east coast. a lot of those races are polling within one or 2%. we're not going to know a lot of these races until early morning or very, very late tonight. so we'll start to get signs obviously if democrats sweeping through and holding seats early on, it will probably be a very good night, vice versa for republicans but i think we have to wait a few hours to really start to see some trends. neil: all right. eliza, always good chatting. >> you too. neil: don't stay up too late this election night. to put it in perspective, as things stand right now, republicans have 240 seats in the house of representatives. democrats have 195. a flip of 23 seats would put it in democratic hands. that mathematically easier than them to do in the united states senate where the 51-49 in favor of republicans. it is technically 51-47 with two independents that vote with
12:55 pm
democrats. the trouble with that scenario, for democrats the math is prohibitive because 10 are up for re-election, 10 democrats in states that donald trump won big. five of them by landslide margins of 18 points or more. the math is little more prohibitive for them in the united states senate where republicans could actually increase their numbers where in the house it is very, very difficult for republicans because already we've seen 40 incumbents opt not to run for re-election. those that have stepped in their place, uphill battles that are within the margin of error, but still republican was have to run the table to make it all come together. they have done it in the past. so if democrats in the past, beaten consensus but that is the problematic math. i didn't even get into governor races because they're going to be very consequential with the upcoming census, who will have sway over that. right now we're looking at 33 republican governors. we're looking at 16 democratic
12:56 pm
12:58 pm
when my hot water heater failed it rocked our world. we called usaa. and they greeted me as they always do. sergeant baker, how are you? they took care of everything a to z. having insurance is something everyone needs, but having usaa- now that's a privilege. that's it. i'm calling kohler about their walk-in bath. nah. not gonna happen. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower
12:59 pm
than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind. call for a free kohler nightlight toilet seat with consultation. or visit kohlerwalkinbath.com for more info.
1:00 pm
neil: the house might look problematic for republicans but the same math looks different in the united states senate. connell mcshane you take a look at all that. transports interesting when you look at the 149 in the senate and how that might play off. a lot of the experts are looking at this race before it hurts and this is the wrong starting point and this will get to the point about which parties on offense and which is on defense. the state of north dakota were heidi heitkamp is running for reelection as a democrat is one of the state that we have is the lien are. so if that is right, if the data is right, the starting point tonight might be 52-48 and that is why we have democrats playing defense in the senate to say when republicans were playing defense in the house. five states we are looking at its true tossups and here they are in florida, indiana, missouri, in nevada that add into that tends dates for the democratic candidate is running for reelection where the president won last time around.
1:01 pm
so as we go back to the maps here and start to look at how the night might play out in the senate, early indicators of course come from our jeff flock is in indiana. more specifically as joe donnelly runs against my run let's look at the eastern part of the state in the 6:00 eastern time hour because of the two time zones in a state of indiana. we'll start to get some of these counties are president trump did so well. he won the state overall, but if you look in the eastern part of this day, the president won big in places like wayne county. you can basically pick up here anywhere on the east side of indiana, randolph county 75-25 and karl rove was saying yesterday how does mike ron perform in those districts is a tracking ahead tracking behind the performance of president trump the last time around. in addition to bad must win early night for democrats if they have any chance include missouri, certainly include florida appeared that's not
1:02 pm
going to be enough. they have to go out west later in the night and pick up some states. hillary potter reporting from arizona that is one. but nevada is one of our true tossups there appeared dean heller is the one republican senator running for reelection on tonight in a state that was one in 2016 by hillary clinton. 48 to just under 46 for now president term. it is a tall order for those reasons because even if they do all of that in our what-if scenarios, we have to go down and pick off the state most likely that they didn't think they would win. here is a map of the senate. again, it's probably best change north dakota to read just for arguments sake 52-48. he threw the democrats who got his start winning in states nobody thought you could win. tennessee i was there a little while ago if they win that it gets one closer. mention nevada and arizona as flipping to the other side and then you're starting to get to
1:03 pm
appoint or democrats might have a chance even with north dakota in the red and white tennessee blue and texas red. the point as it's got to be almost a perfect night for democrats if they want to slip the senate into their control because of the uphill battle that they now face beard is going to take either tennessee or texas most likely at the end of the night, even if all those other states go in their favor. so we'll see. neil: early on if indiana for an employer to the reelection that would be an uphill battle for them. >> if you look back at the map here and i pointed out florida is already in democratic control it's got a stay that way for any chance for them to have appeared the same with misery with the mccaskill seed really has to stay blue and indian is another one. if it does not stay blue in your right that's an early indicator that comes in and puts the other way to flip side in terms of control for democrats in the senate. neil: heidi heitkamp in north
1:04 pm
dakota. connell: we don't know for fact, but that's what the assumption is going in that she's trailing in that race. neil: thank you very much. look at how the markets would react to something that spirit three different market takes after the midterms in 1982, what was going on there, markets moving up after an election this all republicans lose 27 seats in the house in 2006. same drill here for then president george bush beard again in 2010 when barack obama was president, and a selloff that occurred obviously during the european crisis here. again, the notion that its reliance on those results and they could be automatically negative for stock doesn't always pan out that way. market watchers charitably be, jonathan hoenig and fox news contributor liz peek. what you think about how this falls out assuming there a split government tomorrow at this
1:05 pm
time? >> well, first of all, the market and the s&p has gone up in the year following every midterm election since 1946. so that kind of gives you hope anything. the reason is the party that loses generally speaking the president's party begins to kind of pivot to the middle and maybe does some things to please voters and please businesses. markets like that. they also like the scenario that were looking on is most probable more if democrats take the house were going to see a lot of bills spewing out, having to do with health care and higher minimum wage and ramping up regulations on banks may be. the answer is the senate is a tremendous blocking point for all of that. as it has been for gop legislation coming out of the house the last 18 months. you know, really what we see is just not a whole lot going on that's going to really impact is not his. neil: you know, jonathan, the other argument first the government if it allows the government to do less and most
1:06 pm
largely lost a fair crowd unless it benefits them directly like that. what do you think? >> in fact, the market tends to be the best under a democratic president with a republican congress for exactly that reason. oftentimes you get the fiscal austerity, conservatism which leads to economic growth and prosperity. liz makes a very important point that historically were in a bullish time for stocks. however, this time is different. even today with the market up we are looking at more stocks that 52 week lows than 52 week highs. with elements everything to worries about trade, to still higher interest rates, i'm really reluctant despite the fact historically this is a good time for stocks. neil: you do have to wonder and lets his right, she always says when you talk about the fallout elections and how the markets are later. but we had a very unusual market
1:07 pm
run-up. i am wondering how you sustain out one way or the other regardless of the outcome of these midterms. what do you think? >> statistics are wonderful thing. part of reading statistics as we have these things called outliers. in the past 10 years has been an outlier. just a massive market run-up. you've had quantitative easing. market forces that just weren't there even 20 years ago, let alone in 1946. jonathan brings up a good point. the trump effect, the trump approach to things. he needs to have the support of the house and senate to execute his plan. and i don't think that pacification is going to work at another words, i don't think will make everything okay. that's not the way he operates nor drinking the market will read it that way. ensures the way i'm seeing things based on the action, i
1:08 pm
think things get ugly unless republicans can somehow capture the house and senate. i'm looking at price action in my models. i think we could be 10%, 20% drawdown in the market here in the next couple of months. that's a healthy correction, but a very real possibility. >> 10%% correction artwork you're basing on democrats taken the house and senate were just a house. >> even with just the house i would factor in 10% to 15% at least. neil: is looking at the calendar of events and they know we are all obsessed on the midterms as we should be because we fancy graphics and music here on this channel. [laughter] but i'd do notice we've got the molar probe and we can start getting results of that later this month. we've got more trade issues, the g20 summit for the president will meet a counterpart. so they are lining up like
1:09 pm
laguardia and big items double move markets i would assume. >> with the exception not the probe, those things have been much ado as congress had president trump will have to go to congress for approval of nafta. neil: they will move stocks will they not? >> may be. the resolution of the mueller program outfits and horrific condemnation of the president that would lead to some indictment or prosecution, they will be relieved to have it over and at this point it is not moving markets. trade i think is a big thing going forward and congress doesn't have much to say about that at this point. by the way when i talk about the president typically in a normal world, that we are not in moving to please markets, what could be more pleasing to market in some sort of resolution of the china trade battle. i guarantee you'll see that in the next year. neil: quickly if i may have to put it in some contexts. the market is an exceptionally well under president trump.
1:10 pm
historically it was in the context. it is two years at the nine-year bull market engine that many measures say essentially we are long in the tooth for. i set it -- i wasn't saying it up until the time i started to see stocks like amazon down 25% for his ties to apple breaking down the leadership stocks are no longer leaderships talks. >> earnings are up 25% in the stocks of basically held about where they started at the beginning of the year. multiples have really come in. i just challenge you to really find a lot of excesses in the marketplace in the debt market in any place that causes alarm bells are and what we have instead is a very bullish and increasingly prosperous consumer. that's the name of the game in addition to rising productivity. neil: that is your worry, right? >> numbers are great, statistics are great. i'm on board with you.
1:11 pm
everything you look at if you strip away all the other stuff and put everything in a background the numbers don't look that excessive. there's a lot of positives that perception is reality in the marketplace. we see a time and time again the markets are completely irrational. right now markets believe that things are overvalued. the sentiment jonathan is expressed in his fun that i and my that i and my colleagues and i have these conversations every day are beginning to feel and i think i will carry through. neil: the markets are back 900 plus points from the lows. >> and a lot of strings. i noticed that donald's, coca-cola both the 52 week highs. a lot of companies in fact are doing well. starbucks, clorox. there is opportunity to make money here. neil: maybe the leadership is changed. it doesn't mean the bull market is change. the leadership is changed. >> whatever tatian, neil. we brought it out of the narrow segment and by the way the tech
1:12 pm
stocks get overvalued in this way. everyone expect did everything to go perfectly for amazon, facebook, et cetera and all the sudden there some speed bumps. you go back to other companies doing well, that are growing nicely that have pricing power. by the way that is something we talk a lot about in this year coming up as inflation is a little more in the headlines. what company is -- you can raise cope races but not prices of grains necessarily. that is where the analysts are supposed to come in and figure out who has the pricing power and that will be determinative. >> quickly, liz mentions a speed bump for amazon. we haven't talked about to bring it back for politics quickly the antitrust threats here. amazon was done specifically after the president mentioned antitrust issues at amazon. as a voter and investor now we are left wondering by the
1:13 pm
democrats more business friendly when it comes to anti-presser republicans. traditional republicans have been more friendly to business. perhaps not president trump and not when it comes to big tax. neil: i want to thank you all very, very much. people are voting across the country right now with the entire house of representatives that are denied state senate and better than three dozen governorships. a lot of this can go a long way depending how things look in this country the next two years seconds after their comment will be working on 2020. more after this. think your large cap equity fund has exposure to energy infrastructure mlps? think again. it's time to shake up your lineup. the alerian mlp etf can diversify your equity portfolio and add potential income.
1:14 pm
bring amlp into the game. before investing, consider the fund's investment objectives, risks, charges, and expenses. read the prospectus carefully at alpsfunds.com/amlp hi.i just wanted to tell you thdependability award for its midsize car-the chevy malibu. i forgot. chevy also won a j.d. power dependability award for its light-duty truck the chevy silverado. oh, and since the chevy equinox and traverse also won chevy is the only brand to earn the j.d. power dependability award across cars, trucks and suvs-three years in a row. it's
1:16 pm
[ready forngs ] christmas? no, it's way too early to be annoyed by christmas. you just need some holiday spirit! that's it! this feud just went mobile. with xfinity xfi you get the best wifi experience at home. and with xfinity mobile, you get the best wireless coverage for your phone. ...you're about to find out! you don't even know where i live... hello! see the grinch in theaters by saying "get grinch tickets" into your xfinity x1 voice remote. a guy just dropped this off. he-he-he-he.
1:17 pm
neil: could talk be toppled out of his job himself? remember when it was dave brat to be ben republican leader eric cantor. everyone was shocked in the party primary. that was just four years ago. now he's at risk of falling into the same conundrum here. edward lawrence following things very, very close leave with the very latest on that another races in the crucial state. edward. >> this has been a massive voter turnout at the polling site in virginia this is on pace for 2016 presidential election year result.
1:18 pm
1600 people voted year so far. this is a pivotal race and could be an indication of how the republicans might well go and if they retain control of the house of representatives. some voters told me they came because the economy. for republican dave brat. >> i like trump and his values and i think he's done good things for our country. >> we've seen 3.7% unemployment. just to see what's going on around you. >> yeah, absolutely. 401(k) has gone up. i can't complain. reporter: others say the president's own words have actually caused them to put a democrat. >> the absence of stability at the top end is what i'm hoping is going to be at least checked. that is one issue, to stop the behavior of the president.
1:19 pm
>> at stake is the balance of power in the house of representatives are democrats would need to flip 23 seats and hold on to 195 seats they are to have. the last 20 midterm elections the president's party has lost seats and 18. they lost an average of 33 seats in these elections. this district will come down to who can bring up their base, republicans or democrats. >> thank you, very, very much. a lot depends this government to reach plays and with the other. ronald reagan learned well that it was important even before democrats are making gains in the midterm elections in 1982 to work nicely and play nicely with them but the democrats including tip o'neill who went on to become the speaker of the house. the chief of staff transportation secretary with us right now. if the -- if they lose the
1:20 pm
house. how do you do with that? what do you do. >> it will be a big challenge for everybody. you've got a really come together and somebody has to bring them together and you can do it. one person can do it. people on both sides of the island right now now with never been more polarized. i'm not overly optimistic that we'll get a lot done in the next two years until they go to a truce and decide is best for america. >> when they first got alike made against jimmy carter. the california are common they just couldn't take him seriously, wouldn't take them seriously. after the midterms of 82 was still in a recession we started bouncing out of there. the bull market was on, the search to 20 million new american jobs was on and it made
1:21 pm
doubters appraisers. we've are reducing the market runoff of economic boom under this president and we will say this quite often that he doesn't get much credit. how do you factor in what would change things or work in his favor if that were the case? >> for years everybody did work together in washington. a lot of them spend their weekends there. working with democrats in the house and senate, but there was an agreement. who throws the last punch and how is that going to play on television. it was a different time in everybody's attitude is different. today it's not that attitude. we've got to figure some way to get people together.
1:22 pm
the only way you're going to get rings done, whether republican or democrat in the house and senate or the white house is working together. the fact that we pass things that no republican votes or no democratic votes is the only way to get things done. the government can't run that way. we've got to figure a way out of it will take leadership to the top of both parties and that will mean obviously whoever the majority leader, minority leader someone has to get them together and put them in the room and let's get done for american people and the american people is hot enough you can tell by your comment earlier today. they won a seat things that are done and results.
1:23 pm
neil: are they still throwing the punch is? thank you so much for taking the time we appreciate it. silicon valley among others pouring a lot of money. you can be financial ties in all this is what they normally do. this is a record amount of money coming in for midterm election from the high-tech crowd. why is that and is the beneficiary? what are they asking? after this.
1:24 pm
♪ a moment of joy. a source of inspiration. an act of kindness. an old friend. a new beginning. some welcome relief... or a cause for celebration. ♪ what's inside? ♪ [laughter] possibilities. what we deliver by delivering. metastatic breast cancer is relentless, but i'm relentless too. mbc doesn't take a day off, and neither will i. and i treat my mbc with new everyday verzenio- the only one of its kind that can be taken every day. in fact, verzenio is a cdk4 & 6 inhibitor for postmenopausal women with hr+, her2- metastatic breast cancer, approved,
1:25 pm
with hormonal therapy, as an everyday treatment for a relentless disease. verzenio + an ai is proven to help women have significantly more time without disease progression, and more than half of women saw their tumors shrink vs an ai. diarrhea is common, may be severe, and may cause dehydration or infection. before taking verzenio, tell your doctor if you have fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. serious liver problems can occur. symptoms may include tiredness, loss of appetite, stomach pain, and bleeding or bruising more easily than normal. blood clots that can lead to death have also occurred. talk to your doctor right away if you notice pain or swelling in your arms or legs, shortness of breath, chest pain or rapid breathing or heart rate. tell your doctor if you are pregnant, breastfeeding, or plan to become pregnant. common side effects include nausea, infections, low red and white blood cells and platelets, decreased appetite, headache, abdominal pain, tiredness, vomiting, and hair thinning or loss. i'm relentless. and my doctor and i choose
1:26 pm
to treat my metastatic breast cancer with verzenio. be relentless. ask your doctor about everyday verzenio. we're in memphis, ♪tennessee, a city with one of the highest increases of women-owned businesses in the u.s. it's really this constant juxtaposition when you're a mom and an entrepreneur. with more businesses starting every day, how do they plan for their financial wellness? i am very mindful of the sacrifices that i make. so i have to manage my time wisely. plan your financial life with prudential. bring your challenges. vo:destroy a business or a e career in an instant. reputation defender is dedicated to help people restore their true online reputation. we believe all americans should have the right to be forgotten online, the right to remove old, inaccurate search results. if you have search results that are wrong or unfair, call reputation defender at 1-877-492-6705
1:27 pm
1:28 pm
here because more than a few democrats have been rallying about practicing concerns. the overreach companies like google, also that, even apple and amazon. joe dirham, john tammy. would you think? far from the peaceful benevolent time for the technologies is going to be politically problematic. when you think? >> i think you hit on something important here in the democrats can make a lot of these grants pavements when they're not in power but assuming they are in power suddenly the markets on them. it is the most powerful notion the world, much more powerful than the nuclear war. if the democrats pushed too far assuming they take back control, and they will have to temper some of their rhetoric simply because they are close to technology a, but why would she go out to the most valuable companies in your country. it's a dangerous thing if you're seeking residency in the white house. neil: it is interesting when we
1:29 pm
talk about split government, it tends to do best when a democratic president with a republican house and/or senate, not republican president with democratic house and senate. there is a distinction there. what do you think? >> i care more about presidential cycles and we are entering now the third year of a presidential cycle which is the darkly the best time to invest. it is after the elections november typically for the following year. that third year of the presidential cycle which is right after the midterm elections. those are the best spirits regardless of a combination you end up with. that is the best time. it seems like we are shaping up that way because typically if you go november to november the market are relatively flat. we had some really good runs but we've also given back a lot. what i look at as i would say overwhelmingly i don't love the
1:30 pm
attack of our greatest assets. our technology companies are the best expert we have worldwide and that's huge. in europe and china and not even here within the u.s. which doesn't make me hugely excited about that. neil: it's a very good point. i want to burst it with you all the liberals who are leading attacks on the very rich companies. amazon comes to mind and have them foot the cost for dealing with homeless people in various states and what have you. this is extended now to targeting google and a host of other big international technology giants. the problem is here in our country. it is not just unique to foreign governments or the european union just wanting to extract some cash from these guys. >> you hit on something important and i think amazon hazards on it recently that it may be looking at multiple headquarters. amazon is very explicitly stating attack us at your peril.
1:31 pm
it is ultimately our number one asset and nothing else comes close is the people who come to work everyday. if you overtax us and make it difficult for us to do business, we are intensely mobile. countries around the world would love to have us. our people are our assets. in getting three headquarters saying we are mobile if you do this you are going to be attacking economic growth around the united dates. neil: do you play things any differently. let's say hypothetically republicans hang onto that. the white house, senate, house, does it enter into your investments.achieve that kind of unexpected development. >> a word in the old days. we have a president that doesn't wallow any of the rules i assumed would be true, which are public and have free trade and ensuring capitalism's hands up and try to make everybody wins. this president, this
1:32 pm
administration does not the traditional republican view and so he chooses winners and losers deciding he wants to save the steel manufacturing that attacks the technology companies. you decide where you want to play so it's not the traditional rulebook you have. i would suggest if we end up with a mixed house will end up with government not getting in the way of business and that's probably a good thing, that in fact we do best as a country when the government does sleep to impose itself on the way we work. i will say technology companies do need more regulation around information and protection and ensuring our data is safe. we are not, i think we go too far sometimes. again, my preference is we end up with a do-nothing government because frankly that is what worked best with investors. neil: i want to thank you both very much right now.
1:33 pm
if wall street is worried about the stuff they have a funny way of showing up right now. interest rates are stable. most of the sectors of the s&p 500 are doing just fine, thank you. if they're panicked about anything going on i'd like to remind you they have a funny way of showing it. more after this. a good place to start is with an independent registered investment advisor. as fiduciaries, they live by a simple rule: always act in the best interests of their clients. that's why charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com
1:34 pm
carla is living with metastatic breast cancer, which is breast cancer that has spread to other parts of her body. she's also taking prescription ibrance with an aromatase inhibitor, which is for postmenopausal women with hormone receptor-positive her2- metastatic breast cancer as the first hormonal based therapy. ibrance plus letrozole was significantly more effective at delaying disease progression versus letrozole. patients taking ibrance can develop low white blood cell counts, which may cause serious infections that can lead to death. before taking ibrance, tell your doctor if you have fever, chills, or other signs of infection, liver or kidney problems, are pregnant, breastfeeding, or plan to become pregnant. common side effects include low red blood cell and low platelet counts, infections, tiredness, nausea, sore mouth, abnormalities in liver blood tests, diarrhea, hair thinning or loss, vomiting, rash, and loss of appetite. carla calls it her new normal because a lot has changed, but a lot hasn't.
1:35 pm
1:37 pm
to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. neil: you know come your governors are important to you in your state, but the national level for his or her respective party, 36 governorships up for grabs and republicans are under the gun here. florida governor's race is too tight to call, cost a lot of these states at the same drill. kristina partsinevelos in orlando at the latest from the sunshine state. >> thank you, neil. i'm unemployed location. the reason we came here.
1:38 pm
no indication or registered voters in the orange county have already voted either today over the last little while. a lot of enthusiasm especially the governor's race. mayor tallahassee. progressive pushing for medicare from a nonwage and we've got ron desantis who we have an interview with him on fox business.com. he's a big supporter. almost $119 million in total. if you break it down according to both of their campaigns, you've got dissent is coming a little bit in the late talking about raising money. he's raised 6,145,000,000 it's got some big knockers.
1:39 pm
chicago hedge fund manager ken griffin who gave a lot of money. you also have the marvel entertainment chairman but also contributed money. on the other side you got andrew gillam and he has in the past called himself the only non-millionaire running in this race. $54 million. so yes it is an extremely contested race over here. you've got a lot of enthusiasm. we've spoken to some voters early this morning saying they came out because we are concerned about their economy and their area and that's where this governor's race as well as the senate is so important to them. back to you, neil. neil: kristina, thank you very much. the backdrop to this republicans with a the wind at their back and there are record numbers of 401(k) millionaires in the third quarter 187,400 of them.
1:40 pm
it's appreciating everyday with the markets and what have you in people's investments going up, up in their contributions contributions going up, up. is that enough to really move the needle which is ultimately a subset of the population. the executive or 10 chapman. good people are saving more out of their 401(k) if they have an opportunity. the fact of the matter is a small subset of the population. what you make of that? >> are people voting based on the economy, voting based on the policy were voting based on their emotional feelings about trout. if were able to frame tonight, if republicans are able to frame this vote, it's going to be a good night for the republican party. >> you reminded me this is well
1:41 pm
in any election with congressional districts it literally is an extra 435 of them. more of an amorphous or general, you can make from now. i guess it would depend on the pocket where there's pockets of the country that's not been felt. how does that fallout? >> that is usually true. i have to complete with him. i'm not sure that many are going to be voting on the economy or policies in general. whether they really love or hate donald trump. if they are thinking about the economy, there is also somewhat mixed. trump deserves certainly some credit for the fact that there have been 4 million jobs in the 21 months he's been in office. for .5 million jobs in the last 21 months of the obama
1:42 pm
presidency. they certainly kept it going, didn't drive off a cliff. but there's been a modest slowdown. so you know, he gets some credit there. when you look at do people feel that they have benefited from the tax cut, majority say that no they believe that the benefits of that went to the wealthiest 1%. it's unclear. neil: is it taken away? >> they may. it's a good question. it doesn't necessarily not out to be a huge benefit for the republican party. neil: that's interesting. all of these folks who are, you know, who are seeing and witnessing the job that we've had in the numbers that coming numbers that come in outcome i've heard a lot of obama folks talk about under there the last some odd months in office. as my buddy charles payne was her marketing, it's the context of those jobs and get under the
1:43 pm
weeds here to talk about how they're better paid or how all of a sudden we are seeing pay raises going on that mass how beneficial they are. when you think about? >> the biggest problem is small businesses have in this country. they fill the jobs we have open. we do have a booming economy. we have the opportunity for work or does a very good thing. neil: republicans are benefiting more from that. 50% of the country right now approves of the job the president has been doing on the economy. 37% of democrats give trump credit for what he's done on the economy. is the election of policy or pocketbooks. that's the case we been trying to make them talk to voters and
1:44 pm
dave batts district, virginia. you're talking close to $30,000. so that's the case were trying to make and we are going to find out tonight if it works. neil: you both hit on a key point and you touched on us all. and it's a referendum on the president. to make a referendum on controversial democrat like nancy pelosi if she were to take over leadership of the house of representatives and that gets to galvanize the republicans. >> that is certainly the gamble that people like dave brat are trying to make here they're trying to make that argument. that is why when his debate got so much attention because of how many times he brought up nancy
1:45 pm
pelosi. many more times he brought up the name of the factual opponent. midterms are almost always a referendum on the incumbent party in the incumbent president and particularly this one because donald trump so very much wants to make it about him. democrats are delighted he wants to make it about him because we would like to make it about him, too. him and health care. democrats have been really disciplined, sometime shocking for us in talking about health care is the message and the fact many people see hal turner publican role. neil: thank you. kidding. thank you very, very much. christy talking about health care and how big of an issue that is. the former health and human services secretary tommy thompson on now. governor thompson was also as governor once headed to wisconsin. that states governors in the
1:46 pm
race of his life and health care is a big issue. in just a state race. after this. why are you so good at this? had a coach in high school. really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum- just to help you improve your skills. boom! mad skills. education to take your trading to the next level. only with td ameritrade.
1:47 pm
hundred roads named "park" in the u.s. it's america's most popular street name. but allstate agents know that's where the similarity stops. if you're on park street in reno, nevada, the high winds of the washoe zephyr could damage your siding. and that's very different than living on park ave in sheboygan, wisconsin, where ice dams could cause water damage. but no matter what park you live on, one of 10,000 local allstate agents knows yours. now that you know the truth, are you in good hands? comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity.
1:48 pm
1:49 pm
yeah, i've had some prettyeer. prestigious jobs over the years. news producer, executive transport manager, and a beverage distribution supervisor. now i'm a director at a security software firm. wow, you've been at it a long time. thing is, i like working. what if my retirement plan is i don't want to retire? then let's not create a retirement plan. let's create a plan for what's next. i like that. get a plan that's right for you. td ameritrade. ♪ >> if democrats gain power and tuesday, one of the very first projects will be a socialist
1:50 pm
takeover of american health care. you know what's happening in your taxes are going to triple, maybe quadruple. neil: i don't know where he got to triple or quadruple, just to say health care is an issue would be an understatement in one poll after another dems have been the signature issue most americans are concerned about. depending on the audience that could tip the election because if you're joe donnelly in indiana and you've been pounding that again and again and arguing that it's possible that the right people are in charge for the premiums will skyrocket is working for you. very competitive in dance to have a good shot at getting reelected. the former health and human services secretary, tommy thompson. governor, very good to have you. are you surprised? >> it's always a pleasure. thank you. are you surprised this is such a big issue resonating?
1:51 pm
>> will use that as an example. right now the economy is hitting on all cylinders. 55% of the people say the states going in the right direction. that means scott walker should be a shoo-in without any problems whatsoever. for some reason once voters get something done there looking for the next thing. what the next thing that's going to affect me? a strong economy, good job getting wage increases and happy. what else do i need? health care. that is the issue resonating in wisconsin and across this country. i'm not surprised about it but it's something the republicans get out in front of fast enough. neil: are you surprised governor walker is in such a tight race? this is his fourth gubernatorial campaign. her remember the one where he survived that and not reelect that now this battle in wisconsin and is doing well to
1:52 pm
your point. there is a job search they are in a lot of people saying the health care thing is for its way into it, that he has a standard or been able to cut medicaid to the degree other governors have from both parties and that's putting behind the eight ball. what do you think? >> i think that true. the truth of the matter is the economy is humming along very nice they under scott's leadership. 55% of the people polls in states going the right direction. another indication should be able to have an overwhelming majority. health care is out there and write now he's in a fight for his life. i still thinks that's going to win because when it finally gets all said and done, all these other issues are going to be behind the borders and the borders will say i've never quite had as good as it is today. i'm happy with the direction dates are going and i'll vote for scott walker. that's going to be the resident and resounding message coming out of the night.
1:53 pm
neil: do you think republicans will hold on to the house today? it'll hang out various lemley, but i think they will pick up enough seats to hang on. i would say it's going to be a lot for the republicans. probably around 20. so i think the republicans -- that they'll be able to stay in the majority because just like the people like wisconsin, people like the country the direction it's going under donald trump and i think they feel the republicans have kept their word. it cut the taxes, cut the regulation, are doing other things to increase the power of the military in helping to stabilize the military. all of these things in keeping america safe, these are things declaring in issues but finally the voter is going in the polling booths are going to pick up and pull the republican
1:54 pm
lover. neil: i know a lot of this and that being politics, governor. in one survey after another, democrats are crediting with leading economic turnaround by the numbers republicans are, but they say something to the effect we like what's going on. we don't like the guy who's leading the charge. ideas. would you think of that? >> that's a tough one because the economy is really humming beautifully in the united states right now. everybody including democrats, a good share of the democrats even indicated are giving donald trump the success ratio in the individual responsible for it. donald trump says some things once in a while but your taste people and you know that as well as anybody does in as a result of that coming people say, you know, he's not presidential enough. he is not nice enough. he's too much of a bully.
1:55 pm
i love what he's doing but i don't like the way he's doing it. creeps in to the polling, to the polling booth and i think it is her donald trump, even though they like the direction the country is going, they say well, what you still go that way. we just need a change in the temperament. neil: they said that about inner jackson. i should know, governor. >> i was in his cabinet. stonewall did a nice job. the people didn't like it. neil: it was all downhill from there. thank you very much. happy election day. the fallout from the guy who lives in that house and what he does after today.
1:59 pm
neil: he is done campaigning. what will the president do tonight, tomorrow? blake burman on plans of what the big guy is planning from here. reporter: like a lot of us, neil. at this point he has to sit back and watch. it was pretty frenetic pace for president. 11 stops, sick dates over four days. the president will hang back. he is making calls. going to be kept up to date in real time by his political team. but at this point he will be here at white house. watching results come in. by the way, neil, the white house says the president
2:00 pm
filled out his vote and absentee ballot last week, sent it to the state of new york. so did the first lady, melania trump. neil? neil: i understand he will watch fox business, not fox news. did you know fox news is covering this thing too? >> i think it is probably there, here, maybe some other places, right? neil: i don't know. charles payne, did you know that? to you, bud. charles: i had no idea. anyway we have it covered. good afternoon, i'm charles payne. this is "making money." including a record breaking election coming to a close. this is about the trump effect as our president makes voting great again. huge turnouts expected from boat sides. dot pollsters have it right? will we see a blue wave or a red wave? will resistance message be enough when the economy is so strong? who will
88 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on