do, we're getting higher interest rates and -- liz: hate to break it to you. general electric, $7.99 on the trade passing the ticker. >> that is us. that is our story. [closing bell rings] liz: markets closing near session lows. very heinous final hour for the bulls. that will do it for the "claman countdown". connell: what a day. stocks getting crushed throughout the day especially the final hour. dow down 600 points as we settle in, goldman sachs, boeing, major contributors to the decline in the dow. now the nasdaq getting hit hardest today, talking about the tech stocks, down almost 3%. nasdaq, s&p 500, with three-day losing streaks. that is ugly day to start the week. i'm connell mcshane. melissa: what a way to start the week. look at that! im melissa francis. this is "after the bell." go straight to ashley webster on

the floor of the new york stock exchange. ashley. >> the bond market was closed today. we thought it would be a quiet day. it is not the case. we're losing 600 points on the dow. almost 3% on the nasdaq. apple started to upset the applecart at the beginning of the day with perceived weakness in the iphone demand that hit the "fang" stocks. look at apple, down 194.17. this stock hit a record back on october 3rd, $232.07. it plunged more than 50%, with those "fang" stocks as well. other big tech names, that led the way for the markets for so long. apple as we know, down 5%. netflix off three. alphabet/google down 2 1/2. microsoft as well down 2 1/2%. it was that kind of a day. a lot of people down here, guys, are wondering if tech is not the leading sector who is going to take over? there is no obvious contender right now. because of that we're seeing a

lot of caution on the markets. i did want to mention general electric. charlie gasparino talking a lot about this. that company, oh, my, finishing below eight bucks. it hasn't done that for nine 1/2 years. we heard from chief executive larry culp tried to ease investors said we're not quite at bottom on the troubled power division. saying we're not quite at the bottom yet did nothing to ease investors. made them more nervous there was more bad stuff from ge. charlie gasparino is saying looking to restructure, sell off assets, do whatever it takes to stay viable. ge, the vaunted, everybody with ge in the portfolio, down to 7.99 a day where the dow is off 600 points, guys. connell: that is something, ge under eight bucks. here to react to all of this, liz peek, "fox news".com

columnist and jonathan hoenig capitalist pig hedge fund. ashley i don't think mentioned is the dollar, the strength we've seens liz, in the dollar but jonathan, let me start on the tech selloff, particularly with apple with one of its suppliers cutting the forecast, what did you make of technology today? >> we talked about that a couple weeks ago. as apple goes so goes the market, connell. this is a major part of all indices especially the nasdaq 100. with the broad market so weak, with 250 new 52-week lows, with only 8052 week highs, apple, go ahead man, amazon so weak, it is hard for the market to find any bid. this is bad for the bulls who is looking for price action after a horrible october. think brings us down no the lower channel for stocks. connell: the dollar at its highest point relative to other currencies about a

year-and-a-half ago. that has been bad news for large multinational companies for a while that is a trend people don't see changing anytime soon do you? >> it's a question not fighting the fed. as interest rates go up, that propels the dollar higher. you're right, for multinationals, 40% of profits come from overseas. those profits obviously are translated at a lower rate and slows earnings growth. i keep talking about on the program how earnings we should be looking at and that does impact earnings. what stinks about the market selloff, the united states is really the leader in terms of growth worldwide now. problems with italy, problems with "brexit," obviously slowdown in china. the united states is sort of the strong man standing. it is just sort of unfortunate that is hurting our market right now. connell: jonathan wick word what is next? in terms of technology you mentioned, some of those stocks are up there now.

ashley webster brought up a good question the a evident loo, which is, if the leadership of the market is no longer from the netflix and alphabets and microsofts and apples of the world where does that come leadership come from? >> ironically coming from fast-food, if you will. coca-cola, mcdonald's making new 52-week highs. broader this market can't seem to get out of its way. high-yield bonds, corporate debt all weakening as well. this market despite good earnings to liz's point might be facing a bigger macroeconomic slowdown not even earning can save. connell: that is a larger question we'll get back to. melissa. melissa: president trump weighing in on the stock market decline. fox business's blake burman at the white house with the latest. hi, blake. reporter: off day for president trump. this is indeed veteran's day. he is here at the white house. was active, might still be on

twitter throughout the day and there was one tweet at 10:34 this morning, an hour into trading the president was noticing what was going on the corner of wall and broad. he sent out this tweet at the time the dow was down 200, quote, the prospect of presidential harrassment by the dems causing the stock market big headaches. that was part of his read as the slide was happening. democrats are set to take control of the house of representatives come 2019, some two months or so, they are threatening to subpoena the president and those within the trump administration at the higher echelon. that is part of the president's read on the stock market. later in the afternoon or later in the day i should say he sent out this tweet, quote, hopefully saudi arabia and opec will not be cutting oil production. oil prices should be much lower based on supply. oil of course today, had the first up day in 11 sessions. trump administration tried to put the squeeze on iran and its

new oil supply and sanctions there. some worry that could run up the price of oil. melissa: i don't know than, you can blame a lot of people for the market. i'm not sure democrats -- seems like a bit of a stretch there. >> i mean, politics has a lot to do with the stock market liz, melissa, got to keep a big picture focused here. this market is weak under democrats under republicans as of late. ironically president looking for someone to blame here. i don't think you can make this stick given bigger issues of stocks. melissa: one thing markets generally like is gridlock and we're bound to have more gridlock as congress goes back into the final stretch, don't you think? >> i think that is true. i think the political climate will be ugly as sin over the next two years. face it, all we heard since the election is ramped up investigations and subpoena powers and very aggressive people taking over democratic

committees. i don't think it will be pleasant. i think it puts president trump on defensive. i think that is when we see the worst of president trump frankly. he starts lashing out at the media, his enemies, et cetera. his popularity takes a little bit of a hit. that is not good for the trump agenda. what has given this trump -- this market is the trump agenda. melissa: kristina partsinevelos is here. >> we've seen polarization between bulls and bears at the market. i think that will continue. look over the last month 1/2 we've been pricing in democratic party taking over the house. i don't think that is too unexpected. look at these oil prices plummeting that could potentially be a good thing. melissa: should be a good thing. >> should be a good thing. i think the thing we need to talk about is slowing of global demand. even in the jpmorgan that came out about apple.

in the tech sector, they talked about weakness in emerging markets. there is so many signs pointing towards that. yes, the united states is doing strong, yes it is doing well but companies in the u.s. do businesses with companies and countries around the globe. therefore we see weakness out there, it is going to affect our companies. melissa: i don't know, jonathan, this strikes me as rear view economics. you can always look back to see a reason why the market is weak. you look at jobs picture, more openings than people to fill them, mix of jobs, increasing manufacturing, increase in construction, i mean, i don't know, it strikes me as every single day is a glass half-full, a glass half empty. the market decides which half it wants to look at. >> melissa, the jobs numbers, that is what the half empty, that is the rear view. economic data like jobs numbers, like consumer confidence, we take it as a primary. actually that is what is lagging. the stock market itself, that is a forward-looking indicator.

all the indicators were bleak 2009, 2010. so much of economic data, including earnings is good, given the stock market is weak, that is a poor harbinger. that is bad for the economy and markets. melissa: i don't think the market predicts anything and all the people employed will spend money in the holiday season. we could go round and round. we'll do more later in the hour. connell. connell: a lot to talk about been mentioned a little bit, is oil. oil is down again. the story it is down 11 sessions in a row. that has never happened as long as oil futures have been trading. supply concerns. blake mentioned presidential tweet in the middle of day. joins us from chicago. 11 in a row. that is something es, phil. >> unbelievable. i'm sure a lot of oil producers in opec are shocked what is

happening here. usually oil prices is a good thing. u.s. shale producers want to see the producers to back down. to be honest with you, i don't think they are happy president trump is trying to tweet opec, trying to get them cut production. a lot of producers having hard time making money. 15 of top 20 shell companies were making a profit $70 a barrel. when you're down below barrel, that will probably bring in talk of growing production in the u.s. it will ramp it in a little bit. we saw that happen a little bit during the last crash here. now the question is, too much. now the big thing and going forward, it is donald trump versus opec, right? is opec going to kowtow to donald trump again? they did it a few months ago, right? donald trump on 4th of july, trump tweeted prices were too

high. opec reacted. they raised production. they did it again, before in august when donald trump was complaining that he was going to cut supplies from iran. here they are again. saudi arabia said they're raising production. donald trump is not happy about it. we'll see if opec actually continues to pay attention to donald trump or are they going to pay attention to plunging oil prices? connell: as usual, phil, a number of good points especially about the profit march begins for the shale oil producers. you're 100% right about that jonathan hoenig still with us as well. >> yeah. connell: big picture on the whole idea phil brings up, donald trump versus opec, who, quote, unquote wins there and what does it mean for the global economy, jonathan? >> the irony part of what is pushing oil prices down, the president sounds like they would come down further, they have gone down historic sessions as it is, the strong dollar. that is pushing commodity prices

oil and gold down as well. that will worsen one of the president's favorite metrics which is the trade deficit. higher dollar goes, bigger the trade deficit goes as goods are cheaper to purchase. oil is extremely weak not just as a commodity but stocks like schlumberger, fifth -- 52-week low. could go a lot lower. connell: jonathan, thank you for the time. always appreciate it. >> thank you. melissa: absolute devastation in california. the death toll is rising as three separate wildfires burn across the street, the state, excuse me. crews are working round-the-clock to try to contain the flames. a live report from one of the hardest hit areas coming up. connell: recounts are now underway. we'll have the latest on that ballot battle as we continue.

connell: county officials warn they will not meet the thursday deadline. with all of that happening fox news correspondent phil keating joins us from lauderhill, florida. what is going on, phil? >> two things unite florida republican governor rick scott and florida republicans, that is, those are, broward county elections office, number two, the superintendent of elections brenda snipes. governor scott this morning filed a brand new lawsuit, hoping a judge would allow state police officers inside of this building behind me to guard and impound all of the counting machines and ballots not being

used. the judge denied that motion but agreed to add three more sheriffs deputies just for security. looking live inside of the sorting center, soon to be a tabulation center. these are the pages and pages, 3.5 million of them of all 800,000 ballots cast by broward county citizens for the midterm election. once they get them sorted, one page has recounted races on them. they will initiate the proper recount. now in palm beach county, supervisor there said initially she did not think it was possible to make the thursday 3:00 p.m. deadline. now she says it may still be possible. two senate candidates do continue the verbal barrage. >> one fact is rick scott isn't interested in making sure every lawful vote is counted. >> bill nelson is sore loser. he can't stand the fact he will not be elected for the first

time in decades. he won't, he is hear to steal this election. reporter: secretary of state ace office in tallahassee run by a governor scott appointee, a republican, said they found no evidence of any criminal activity. connell: all right. phil, good to see you, phil keating from crazy florida. melissa. melissa: joining us now is brian silver, a former florida prosecutor. just involved with the recount two months ago in broward county in a non-partisan judicial election. so you hear that is the official statement. they keep saying nothing criminal has happened. is that the all-clear sign? what do you make of that? >> well, nothing in this business is ever all clear. i think that is the big lesson from this story. but absolutely, unequivocally there is no question this is a case of incompetence and not a case of fraud and quite frankly, rick scott is being irresponsible by riling people up and telling them this is

about a mass conspiracy, when he knows it is not. i'm glad that this judge finally called him out on it. melissa: let me ask you though. this is a county where there have been so many problems in the past. you look at the fact, you know, brenda snipes, she was a -- another judge ruled that she had broken election law by destroying ballots in that democrat versus democrat race that you were involved in. she destroyed ballots when see signed, she signed a paper wasn't going to do that, then she went ahead and destroyed those ballots. that is breaking the law. >> that didn't happen in our race. melissa: that did happen with her. that was the one with debbie wasserman schultz. that is what, i mean that is what the court ordered she had broken the law by destroying those ballots. >> look, there is no question that they have managerial, operational problems over there. you know there is no question about that. i'll tell you something, as a

voter in broward county, i want my vote counted and i want my supervisor of elections to do her job. that is clearly not happening. but the bigger point is, this is not a mass conspiracy about fraud. those allegations have to stop because they don't help. melissa: okay for idiocy but not for fraud. >> no. that is not what i'm saying. our state need as statewide commission to investigate how every county does elections starting with broward. there are problems, no question about that, but fraud and crime and evil is different from incompetence. that's the point. melissa: well, i mean, when incompetence carries you this far after a while could you say so many people be so dumb for so long? it does stretch credulity. >> i absolutely agree. melissa: she is the one that admitted, they went through and looked at ballots, found ones were disqualified because they were quote illegal votes and then they mixed them back in

with the rest. >> so as a florida voter, as a constituent of governor scott, i'm upset that he didn't remove her before this. why does he wait until after election night when his win is brought into question? where was he on monday? she has been the supervisor of elections for years. you know brings up all these past issues of misconduct. where has he been? i don't understand it. why is it only an issue for him when his election comes into question. melissa: what about her? do you call on her to step down? >> i can't make that call. i'm not that place. i'm the voter. these people are supposed to be serving me. i tell you something, i demand change in that office. i don't know if it comes from her stepping down, someone else stepping in, they have to look into this. they have to change the way they do things. melissa: why do you blame him and not her? i'm just confused by that. >> no, no, i'm mischaracterizing what i'm saying. i'm blaming her for what is going on in the office, an

mistakes they are making. what i'm blaming rick scott for mischaracterizing what is happening. it is not about fraud. it is not about crime of the his own secretary of state says it. the division of elections say it. fdle, florida department -- melissa: you condemn actions more than words. >> actions are words. he is our leader. we can't afford to have another crazy person pushed of the edge. that is what this type of rhetoric drives. i'm from broward county. we had enough problems from that. we don't need more craziness. melissa: that's true for sure. brian silber, thank you. connell: all right. well, florida, not the only one we're talking about, believe it or not. arizona with the latest on it. coming up, plus setting the stage for big tech, boy tough day for these stocks today, how the shake-up in congress could take aim at companies like google and facebook. the potential impact on silicon valley. coming up next.

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connell: technology stocks leading the big selloff on wall street. apple down 5% today, dragging the dow lower. big picture silicon valley giants, new congress taking over on the house side, democrats, preparing to take control of the house and maybe take aim at big tech. david mccabe, joins us "axios" technology reporter good to see you. not only democrats and republicans are skeptical of big tech. president as well. are we looking at possibility of regulation? we talked about it a long time, but concrete regulation from this congress, is that what people are telling you? >> thanks for having me. absolutely we're in a difficult period for big tech in washington. it will get harder next year because in california there is a privacy regulation that goes

into effect in 2020 which put the companies in the position asking congress to regulate them, to preempt that state law and do something on privacy. so privacy absolutely is the watchword. but the counterpoint to that right now, we don't know how certain committees will shake out, certain key panels. it is hard to ever predict anything with deep certainty with congress. there are a lot of conflicting priorities. certainly right now, what people are saying, if there is action on an issue it will probably be privacy. connell: quote from congressman frank pallone out of the great state of new jersey. he mentions committees still toe be worked out but congressman pallone might be chair of the house energy and commerce committee and here is what he said recently. he said, we plan to put the consumer first by pushing policies that protect net neutrality, promote public safety around provide meaningful privacy and data security protections that are seriously lacking today. so he is one of these big players you're talking about, right, david?

>> exactly. that shows how much attention is being paid to the privacy data collection issue after cambridge analytica, as well as other major data breaches and data lapses. you mentioned neutrality. that is another issue. what that gets out, how many outstanding issues with the tech platforms, internet providers, at&t, verizon as we go into the next congress. it is a lot on the table. i think we're looking to see how sort of that comes together. connell: what about breaking up big companies, antitrust issues the president was asked about and talked about in some interviews? >> the president is looking for issues with the administration, antitrust action is always a hard lift for a lot of reasons. one is the legal standard, it has to do with how you evaluate harm. particularly hard to apply to free services, right? there is not a way to price harm to consumer for facebook. facebook doesn't cost any money. there are a lot of complex issues. i would say there is more

movement around antitrust than we've seen in a long time particularly with regard to the tech giants in europe. they have actually taken action. but here in the u.s. that is a pretty slow-moving area of policy. what people are telling us, change in that area, while certainly in the air, might not materialize. if it does, in a matter of months, more like a year's long policy debate. connell: tough day for some other reasons for technology stocks today, but david mccabe wrote about the big picture issues for "axios." thanks for coming on. i appreciate it. >> thank you for having me. melissa: california in flames. hundreds of people are missing. thousands more displaced as massive wildfires rage across the state. we are going to take you live to the scene in california. that's next. ♪

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connell: at least 31 people are dead as major wildfires continue to rip through both northern and southern california. the fox news correspondent jeff paul joins us live from malibu. he has been covering that woolsey fire. jeff, what's the latest from where you are? >> yeah, the winds are really starting to pick up here in southern california. that is bad news for firefighters. statewide, who are battling at least two major wildfires at the moment. the most devastating in northern california. that is the camp fire. that is burning 80 miles north of sacramento. that wiped out entire town of paradise, california. at the moment the death toll is 29. officials believe that could rise with more than 200 being

unaccounted for. those that managed to get to safety out of the fire, they say they feel lucky to be alive. >> it was scary trying to go through the fire when it is all around you. so it's very scary, you have fire on the left, fire on the right. ash falling on you. >> we barely got out. we barely got out. there was wall-to-wall flames. flames going underneath our car, over our car. we thought we were going to die. reporter: now further south in l.a. and ventura county, the woolsey fire is continuing to burn. in fact expand astom strong winds and gusts begin to move the area. firefighters after a day of lull and winds wrapped their arms around the fire, contained to about 20%. it is growing more than 90,000-acres. it is expanding far and wide. it began in the canyons. it spread out to the beach

communities, long-time residents cannot believe their home was one of the ones that burned to the ground. take a listen. >> never been anything like this. i never seen the devastation, carnage, never. people barely have time to get out. they left notes on the gate. left animals out. it was devastating. reporter: calfire has eight thousand firefighters working the main fires around the state. many working around the clock with really no sleep at all. connell? connell: jeff paul live with us from malibu. melissa. melissa: joining me on the phone, is andy fox, mayor of thousand oaks, california. thank you so much for joining us. you all have been through so much. what is the latest from your community right now? >> good afternoon, melissa. good to be with you. we are in the second day of the wind event. and the fire laid down pretty good for us yesterday. we were able to repopulate most of thousand oaks.

there is a small area north of the 101 freeway that remains in evacuation. unfortunately the winds picked up today. they caused two flue -- new fires in thousand oaks. fortunately they were able to get picked up. we're remaining vigilant. we're not out of the woods yet. melissa: i grew up in southern california, all around your area. these fires are, as you heard the guest before taking a different path than ever before. what is different this time? >> well, i should tell you that my real profession was a 38 years with the los angeles city fire department. i was fire assistant chief. melissa: wow. >> so i can tell you actually the fires that burned through the last couple of days followed the historic fire corridors. the difference is we are unable to stop them because of the winds. they followed their traditional fire paths going all the way

down to the beach. because of the strong winds, erratic winds it burned in a community we were previously able to protect. melissa: it is historically a strong time of year for winds. is there any other contributing factor than you can see? there is always helicopters there to drop, fire retardant on the flames. does the brush grow in different pattern? was it particularly dry? anything else? >> really has to do with years and years of drought which obviously nobody can control. and then the intensity of the winds. humidity, very low humidity, drought conditions, high winds. and as i have mentioned in other media interviews, it makes it virtually impossible for the fire department, multiple fire agencies to do anything with respect to fire control. our main objective to prevent loss of life. it is all about evacuations. after that it is structure

protection, to protect as much property as possible but as you can see, hundreds of, number of homes have been lost. firefighters, law enforcement with their evacuations they do great job, but against insurmountable odds when it comes to a wind-driven brush fire. melissa: how is the community holding up? everybody watching across the country, seeing the pictures, really in shock, what can the rest of us do to help? >> well, as you are aware on wednesday of last week we, as a community suffered a tragic event of a mass shooting that took the lives of 12 innocent people including a sheriff's department sergeant who was a year away from retirement. then less than 24 hours after that we had experienced the firestorms. so i have to tell you i could not be prouder of the residents of thousand oaks and surrounding communities what they have done to help their neighbors.

within hours of shooting incident, we started a community fund which grew to over $500,000. i'm sure much higher now. hundreds and hundreds of residents of thousand oaks were lining up to give blood. and you know, in short, people were practicing the golden rule, they really were. they were going out to treat others as they would like to be treated. i could not be more proud of our community. melissa: we're thinking of you mayor. andy fox, thank you for coming on and letting us know how you're doing. appreciate it. >> thanks for having me. connell: that is only silver lining in these situations. people do come together for what it's worth. we'll obviously cover that, story out west. in a moment we'll shift gears get back to the economy and divided congress and tax cuts. democrats look to make pretty big change to the republican tax law. what you need to know, what is important about that is coming up next. don't go away. ♪

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connell: america's economic future hanging in the balance as we look ahead now to the new divided congress. democrats have been vowing to roll back president trump's tax cuts, setting the stage for heated debate on that issue with the gop. liz peek with is us. bob cusack from "the hill" where he is editor-in-chief. bob, let me start with you, "wall street journal" coming out with a story, that dems take aim at so-called tax cuts for the rich. from the people you speak to in washington what are the odds middle class tax cut or infrastructure spending that the democrats would have success rolling back the tax cuts? >> i think the chances are pretty low. republican will not agree to this i do think the democrats vow to at least repeal part of the tax law. i think they have to be careful. remember obamacare became popular when republicans tried to repeal it that could happen with the tax law. i don't think there is any deal where republicans will say, yeah, i will trade you x as long

as you keep those tax cuts. i just don't see any trade on that tax law. connell: interesting comparison to the obamacare comparison. that became such a big issue in these midterm elections in some swing districts. but anyway, liz, i thought president trump made people a little bit nervous when he was speaking to blake burman at the news conference, i guess it was last week, that crazy news conference when he said he was open to the idea making what he described as adjustments. blake tried to push him on it, the president didn't get more specific on that. that did, some people we spoke to, let's be careful here what we might be adjusting when it comes to the tax cuts. what do you think? >> actually what he was talking about possibly raising the corporate tax. remember that was kind of a big negotiation, how low could it go, they ended up at very low rate, 21%. people were kind of surprised they settled there, they accomplished that. i think president trump, he considers himself a master

negotiator. he is going into a hostile congress, a hostile house. he wants to get things accomplished a little bit. democrats are trying reversing the tax cuts to infrastructure spending program. we all know that is extremely popular. if you ask 99% of the country, are you willing to raise taxes on the wealthy in order to pass a big spending program, they're going to say yes. connell: if you word it that way. almost like polls. depends how you word questions sometimes. >> exactly. connell: liz is right, bob, sometimes those things become very popular and tough to turn back from but, you know, maybe somebody should worry about a deficit at some point with infrastructure spending is another issue. do you think infrastructure spending is real possibility of this congress, bob? >> i think there could be a deal. that is exactly right. how are they going to pay for it? a lot of conservatives who were willing to certainly grow the deficit for tax law but not

going to go for perspective infrastructure. they are not going to add to the debt level which is really at record levels. i think there will be some momentum in the house but whether the senate goes along with it, i kind the doubt it. connell: both of you are in the gridlock is good camp. finally may be good news for markets after 600 point down day. thank you. melissa: stan lee, marvel comics legend and cocreator died after battling various health issues throughout the past year. the creative mastermind introduced the world to superheroes like spider-man and the incredible hulk. our thoughts are with his family. stan lee dead at 95. ♪ it's time to get out of line with upmc. at upmc, living-donor transplants put you first.

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connell: pointing the finger at comcast. the american cable association is urging the justice department to investigate the company over alleged antitrust allegations. charlie gasparino broke this story for us today. among those interested is president trump on the twitter. what can you tell us about the story, charlie? >> if you're a betting man, a betting woman, to be accurate here, on wall street you would have to think that the chances are rising dramatically that the justice department is going to open a civil investigation into comcast after the aca, the american cable association, after we broke the story about their letter to the head of the trump doj, about why there should be an investigation to comcast. this story is up on fox business where they lay out some of their concerns that comcast is squeezing rival distributors by with holding content like nbc universal, essentially, forcing the rival cable operators to pay up for that

content, thus hurting the consumer. we reported it and no sooner did we report it that donald trump, the president of the united states, retweeted our report. and, i added a couple lines of his own. you can catch that on twitter i guess. the real question what does the justice department do here? listen, i know this they're monitoring the situation. i do not think they will break up comcast to force them to sell off nbc universal as they want to do with at&t time warner. you could see them opening up an investigation, getting additional conditions on the merger. they don't believe comcast is living up, at least what ply sources inside doj, they don't believe comcast is abiding by antitrust laws. they are using their content in anti-competitive behavior. we should point out comcast denies all of this. they issued a statement to us they said the aca is

inappropriately getting involved in its business dealings. so more to come on this. we'll keep you abreast if and when this does reach an investigative stage. connell: interesting justice department under this president. and media companies. if you told me, knew nothing else coming in, the president tweeted about charlie gasparino it would the no be about comcast. >> what do you think he might tweet? connell: i don't know. >> i knew him before any of you guys knew him. for years. connell: charlie, good reporting. and ge under eight bucks on a gasparino report. melissa: did you see that, for years? connell: yeah. melissa: election day may be over but some results are still up in the air. we're breaking down the current balance of power with the hill's bob cusack. that is next.

melissa: three senate races remain up in the air, a recount

in florida is underway, they are recounting in arizona. in mississippi running heading for a run off election. >> well anybody's guess. in both these races you have to expect that leaders will probably win, parties will split, that scott would win, and then cinema would win, melissa remember al franken's race in 20061 on for months. melissa: what do you think about mississippi. >> i think mississippi republicans are favored, at the

end of the month they will have a run off, but mississippi is a trump state. trump won it by 18 it would be a huge upset some espy win, in on election day. sb lost to hide smith by 1 or 2. there was another republican in race, you have to think that republicans are favored, that is why they have elections you never know. melissa: net, net, for balance of power. how strong majority do the think the president has in hen is the. senate. >> you have to watch for romney, make and corker are retiring.

they will not be aloewen new congress -- be around in new congress, they will hav 53 to 4, this is significant. what if there is a supreme court opening. they have more votes to play with, passing a difficult is difficult for either party, they just need a majority of votes. >> and real quick, how do you think house changes that in terms of what they sense over. >> so much oversight, a lot of bills that pass house, then die in republican senate. melissa: i mean that sounds like every other house, before this. anyway, thank you so much, appreciate it. melissa: they toil a lot then nothing comes of it. it. >> connell, have you 53, betting

odds of most likely scenario that is a big difference from 51. it is big. connell: thank you for joining is, today and every day. melissa: wild market day, seems like we say it every day, it is turning out that way right now, here is bulls and bears. david: this is bills and bears, thanks for joining us, i am david asman on the panel morgan, jack how, john lay feel and carry, bulls losing big time to bears, dow stocks hammered down more than 600, but losses were across board, all index with tech heavy nasdaq hit hardest, what do you make of sell-off. >> i'll be first, and is not my fault. i think we're in a big