appreciate it, as usual. in the meantime, folks, this rally is holding up as we head into the last hour of trading on election day. this the second best election day since 1984. liz claman, over to you. liz: i want to borrow that jacket next election day. okay? let's switch. it looks good. charles: you got it. liz: you got it. all right. great to see you. thank you so much. it is decision day in america, folks. the next 59 minutes will be eminently important for your money as we enter the final hour of trade. we are now just four hours from the first polls closing. a record-breaking 99 million americans have now cast their votes early and millions more will arrive at the polls during this hour. you are looking at a live picture, this is interesting, this is ballot counting at the philadelphia convention center. it looks very much like an amazon warehouse, right? you've got a lot of people wearing the yellow vests right

now, boxes and boxes of ballots and the voting continues. voters in green bay, wisconsin, they are doing their most cherished civic duty. americans making a crucial choice all across the nation. which candidate will do a better job over the next four years to protect the nation and strengthen the economy? president trump spending election day in the nation's capital, visiting the headquarters of the republican national committee earlier. while his democratic challenger, former vice president joe biden, just spoke to a crowd in philadelphia moments ago, making last-minute campaign stops in the key battleground state of pennsylvania. we've got team fox business coverage of all the angles for you. special assistant to the president on what the number one priority will be for president trump if he is victorious. while joe biden fund-raiser robert wolf is here to answer the same question for the dems. ernesto ramos manages billions of dollars and has the market impact of tonight's decision.

and fox business reporters ashley webster and jeff flock, folks, we put them on the ground in two crucial toss-up states. florida and wisconsin. strap yourselves in. markets are surging at this hour, at least for the moment. investors seem unconcerned about the real possibility that there may very well be no clear victor tonight. take a look at the dow jones industrials, up 528 points. the s&p 500 up 56. the nasdaq up 190 points. keeping in mind that all of this could change on a dime, volatility is nonexistent right now. in fact, we've got the vix down 4.5% to 35.46. we've got no flashing fear signal with the ten-year yield. normally if that were dropping, that would show that people are going into that safe haven trade. right now it's rising. it's almost at .88%. that's a five-month high. gold back above $1900 per ounce,

moving in lockstep with equities so you see the yellow metal moving higher by about 15 bucks, at 1,908. crude also moving higher. big green trades today. crude jumping to a three-week high yesterday, adding on to that at the moment better by 2.6%. you know, we always look at many metrics. the only kind of stress signal we are seeing at the moment is the greenback. the u.s. dollar is dropping the most in about two months, so all these other currencies, the yen, the pound, all moving higher against the u.s. dollar. we've got a fox business alert for you here. it's a tale of two data points at this hour. take a look at the intraday picture for the dow 30. high of the session, we've got it at a gain of 688 points and it is still very close to that, up 515. yeah, we are back down but what's 140 points or so among friends. we see the dow looking very strong. but now flip it over to the number of americans who are

receiving some form of unemployment aid. 25 million during this pandemic. which candidate can best improve the economy with the strongest plan? as we watch and wait for this evening's returns, we welcome joe lavorgna, chief economist at the national economic council and special assistant to president trump. good to see you, joe. thank you for coming on the show. if president trump decidedly, again, this is hypothetical, decidedly wins the election tonight, what is priority number one tomorrow morning of his to fix the still limping along economy? >> the economy is doing quite well. it became an official v-shaped recovery last week with a 33% annualized increase in gdp. the details are actually better. consumption up 41%, housing up 59%, business investment up 83%, auto production rose 1200%. so it's continuing the policies basically that have worked.

no question. and the president has also talked about fiscal support to help people who certainly need it, which is why he used executive actions over the summer and he said he will go with a big stimulus plan right after the election. so it's basically continue getting this economy back as he has, stimulus and then of course, next year, growth enhancing policies, perhaps middle class tax cut, and perhaps some permanent investment tax credit because we want risk taking, entrepreneurialism and all the things that get this economy like it was right before the pandemic struck. liz: it almost feels like a misnomer that people don't quite hear. they hear president trump will cut my taxes or joe biden will raise my taxes. congress is the one who has the power to levy taxes. what if, for example, under one scenario you get a blue wave in the senate and the house, but president trump wins? will it then be just as equally

difficult to pass some kind of stimulus plan? he couldn't get it done this time around with a republican senate. >> the thing is the president with the cares act shepherded through an extraordinary support plan back in march and we had a couple iterations after that. the president has been very successful when the democrats have met us in the middle to get policies through. what i can tell you is that the trumpian economy was extraordinarily healthy in february, we know that from looking at unemployment by every race, creed, nationality, you name it. we saw very strong income growth as per the census data and that's why the economy is coming back, because the policies the president has laid out created such a great foundation that the unemployment rate and growth has come back much faster than people have thought. we were below 8% unemployment which is remarkable. many people thought it would be at 8%, maybe 9% next year. we are way ahead of schedule. to me it's the policies that have worked.

those policies continuing and we are assuming that we are going to be able to have the ability to provide extra fiscal support because even though this economy is booming, there are still some people certainly that have a lot of pain and hardship. the president knows that which is why he used executive order over the summer for payroll tax deferral, student loan relief, eviction moratorium, federal plus-up on unemployment insurance. he basically did everything in his power to get people money so they could get through this very difficult time. liz: well, yeah, 25 million as we showed, people still struggling. that's why we use the term limping economy, because we don't forget those 25 million. i do want to bring up this. glenn hubbard, a republican economist who actually ran that council that you work at right now, said this on bloomberg, and i want to quote it because i need your comment. he said about the trump economy quote, he has no economic plan. i don't mean that i don't like it. it doesn't exist. anybody who says they know what trump would do in a second term,

i don't know where they're getting that from. what's your response to that? >> i don't want to really comment on glenn's comments. what i can tell you is the economy was very healthy. we saw record income growth last year, $4400 increase in real median household income to $69,000. that's the highest level ever. it is the biggest increase in both absolute and percentage terms we ever had. the unemployment rate was 3.5%. we started to see productivity accelerate late last year. we were on track for 3% growth in 2020. had the pandemic not struck, that would have been the best year since 2005. so i can tell you that our policies work and you don't change things that work and you are seeing growth come back very strongly. in fact, taking the midwest states which are very tied to manufacturing, the ism yesterday was over 53, with unemployment above 50. that's extraordinary. while you highlighted 25 million americans, unemployed, that number is actually a bit lower than that and based on data we

saw last thursday with continuing claims which were plunging almost about a million a week we are likely to see good data on friday would be my guess, meaning lower unemployment, strong payrolls, all that sort of thing. liz: we are looking at a live picture of green bay, wisconsin, where they are obviously voting just like the rest of the nation, and we are watching the markets as well. when you talk about the stock market, i always stress this to people, the markets are not the same thing as the economy. two separate things. but the markets have looked extraordinarily strong under president trump. we have just shown them. the dow up 39% since he took office four years ago. the s&p up 49%. 39%, 49%. you have the nasdaq up i believe about 100%. this has been a very strong time for these markets. it's touch gh to make an apples

apples comparison because joe biden has not been president. we can show how under president obama the markets did. it was pretty darned impressive as well. if we can put up those numbers, under obama we have the nasdaq up 117%, you had the dow up 71%, compared to president trump's 39%. and so on. the s&p up 84% under obama/biden. how do you make that case that somebody like joe biden would be bad for the markets which is something that president trump has said? >> a couple things. one, on the unemployment rate, it took about 27 months for the unemployment rate to go from 10% to under 8% under obama/biden and this administration i believe it took four months. so it's much faster. the recovery and earnings projections match gdp. of course, gdp in earnings and stocks may all be some sense not the same thing. however, if we look at business sentiment, small business optimism under this president has never been higher at any point in any administration with data going all the way back to

1980. those are small businesses, the backbone of the u.s. economy, and the most recent report showed a big increase in hiring over the next three to six months. that comes after census data which showed a record increase in business formations in the third quarter. 1.6 million business apps, the highest level since the end of 2007 and the biggest increase we ever had. so you are getting a lot of business startup, a lot of new industries and firms starting. there is certainly a lot of pain which is why the president took those actions over the summer and why he will do more when he's reelected but this economy is extraordinarily vibrant and dynamic and the president's record stacks up extraordinarily well relative really to almost anybody, and unfortunately, under vice president -- former vice president biden we saw very weak recovery, very weak productivity growth. we had significant tax increases and we had a lot of job-destroying business regulation. we are not going to have that under this administration. we have done a lot to get rid of that. liz: the numbers certainly have

been strong under president trump. we would only say that of course, president obama and joe biden inherited a complete collapse, near collapse of the u.s. economy. joe, great to have you. boy, you lay out these numbers and they look great. thank you so much. you know, one thing we didn't -- >> i want to say one thing. i hear what you're saying about they inherited a weak economy. i disagree with that. if you look at the forecast that omb made -- liz: the financial crisis? are you kidding me? >> those numbers, i'm saying those numbers never met what they thought. i don't believe that at all. liz: okay. well, listen, this is the opportunity that we have to be fair and balanced. we started with joe and one thing we didn't talk about, thank you, joe, was specifically wages. wages improving under president trump. "the claman countdown" as we said always fair and balanced. we will challenge democratic fund-raiser and insider robert wolf on that next. plus, what he says team

biden/harris will do day one to keep the economy in recovery mode. a live picture of kamala harris, the running mate of joe biden there. she's in detroit at the moment speaking face-to-face with potential voters. fox business's election night action begins and i will be joining our special two-hour edition of "lou dobbs tonight" at 5:00 pvm easte.m. eastern. at 7:00 p.m., the returns start rolling in. david asman gets the overnight shift because it ain't over until it's over. we are going seamless, no reason to go anywhere but fox business. closing bell ringing in 47 minutes. we will take a trip to the trading floors and the traders when "the claman countdown" returns. trelegy for copd.

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liz: let's head to ohio. this is a live picture right now at a ballot place there. you can see things seem to be very calm, cool and collected. this is interesting to watch. we have a very strong rally at the moment. we know there are a lot of very close races but america is

behaving well, like america, like we hoped. we just heard from team trump. let's now bring in someone who is intimately involved in fund-raising for the biden campaign. fox news contributor and former ubs of america chairman robert wolf joins us live. robert, we want to begin with the same question we just asked joe lavorgna. if joe biden wins, what's priority number one to strengthen the limping u.s. economy? >> well, there's two things that have to be a priority, right. it's handling the pandemic which this administration has been horrible. we have 20% of all cases worldwide. we are 5% of the population worldwide. i mean, we are talking about 80,000 cases literally a day. in ohio, you just mentioned, i heard governor de wine say they went from 1,000 to 4,000. you have to handle the pandemic before you even can get to the economy. on the economy, i just have to

tell you, what the trump representative said, he said small businesses are vibrant under trump? one in five are closing. then he talked about how there's just a few left struggling citizens. ten million people are still unemployed. i don't know what he said but when he talks about the v-shaped recovery, this is a guy who literally is down three touchdowns, scores one td and spikes the football and does a dance and all the attendees are saying you are down still two touchdowns. this is bizarre to me. i don't know what he's making up but god bless him. liz: well, you know, i did challenge him on that because i don't know who wasn't paying attention in 2015 and 2016, but it was a disaster -- sorry, 2008, rather. a complete disaster. [ speaking simultaneously ] liz: but also, we can't be, you know, ignoring the fact that

certain metrics have looked better under president trump. wage gains, for example, were stronger so far in the first term of president trump's than they were in the first term of president obama, and joe biden. again, it's not an apples to apples comparison because joe biden was not in charge. but you can see here there are some gains here. so how will joe biden improve upon what president trump has done? >> well, first of all, let's just talk, you asked what president trump would do. they are talking about a payroll tax cut. okay? that doesn't impact the ten million people unemployed because they are not on payroll. it doesn't impact the one in five businesses because they don't care about tax cuts when they don't have a business. so what vice president biden and hopefully soon-to-be president biden is saying is we need an infrastructure plan that includes clean energy and good jobs. he's talking about tax reform to

help pay for jobs. you actually, we spoke about moody analytics. they are talking about seven million more jobs under biden's plan than trump's plan. talking about wages, they think they will average $4,000 annually in wage growth versus trump's plan. they also think they will have better unemployment in 2022. this is moody analytics. this is a nonpartisan data. the wharton school which i went to and president trump went to, they came out with a piece that biden's plan would have literally better growth, better gdp, better job gains. these are nonpartisan people coming out with this. then when you brought up, you know, the covid crisis, or i brought it up, recently scientific american, 175 year publication, albert einstein wrote for that, literally made their first endorsement ever because science matters. they endorsed vice president

biden for president because they are seeing what's happening with this administration with the pandemic and they are scratching their head. science matters. what health professionals say matters. look what dr. birx said in the last 24 hours. liz: my last question here, because we are giving you guys equal amounts of time, is simply this. there are a lot of people who feel now is precisely the wrong time to raise taxes on businesses. joe biden's plan is to raise the corporate rate, not to what it was, 35%, but four or five percentage points higher than what it is right now. what do you say to that? >> it's not tax raise, it's tax reform. they are raising on corporates from 21% to 28% and they are raising on those making over $400,000 but really, it's really on those impacting over three and a half million that make any movement from 37% to 39%. those, i will tell you, people who are making a good living, we are not changing their habits.

what we need to do is reinvest in those who are struggling and that's what this tax reform does. it gives earned credits for child education, for child care, for elderly. it actually rebalances some of the things we need to do which, by the way, we need to restimulate the systemic inequality in this country is real. look at what's happening right now with education and health care. listen, this is tax reform and it's not touching anyone under 400,000 and from 400,000 to 800,000 it goes from 25% to 25.5%. i think they can afford th that .5%. it really doesn't impact anyone under $800,000. i think we can take that. liz: robert, we will hopefully know sooner rather than later. although anything could change. robert wolf, thank you so much. >> thank you. liz: everybody, get out your phones. you're welcome. get out your phones right now. i need you to scan the qr code that you see at the bottom right

of the screen, if we can put it up there, you will see it. yeah. uh-huh. that little guy right there. right there. okay. open up your phone and scan it at the moment and what that will do is take you to our exclusive fox news democracy 2020 live experience. you will be able to get my take on election night, i'm going to be live blogging with other top reporters from fox news starting at 7:00 p.m. eastern right through the night. personally, my angle is going to be economic numbers, how the overnight markets are going to start opening and they may give us an indication of what kind of volatility we might see. the futures, all of that. you don't need to go anywhere except right there. you can also get realtime analysis, vote on the issues. you can throw in emojis of whether you like or hate what i just said and test your trivia knowledge on your phone or computer. so just head to foxnews.com/2020live and open

the camera on your phone to scan the qr code that you see on the screen. it all begins tonight at 7:00 p.m. come hang out with me. i know this. markets despise the following words. uncertainty and contested. we are about to give you a live update on how orderly the markets are moving with two top names, one of them has $200 billion in assets under management. the moment that things, for one strange time in our lives, got very quiet. we worried over loved ones, over money, over our planet, and over takeout. let's remember this time when so many struggled to feel secure, and build a future where everyone can. because when the world seems like it's standing still... that's the perfect time for us to change it.

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you have and, if you're eligible, help you enroll over the phone. call today and we'll also send this free guide. humana, a more human way to healthcare. liz: breaking news. we are just getting this report on election integrity from the fbi. the fbi is telling fox business it is aware of reports of robo calls that are basically dialing people's homes and saying quote, the fbi encourages the american public to verify any election and voting information they may receive through their local election officials. the fbi is not doing that.

those are not from the fbi. there are also some robocalls apparently according to the dhs, department of homeland security, encouraging people to stay home and stay safe. that is, as the department of homeland security says, a classic voter intimidation tactic. the fbi and the dhs are tracking these issues but so far, they are also saying that it looks like just another election day. we are only at halftime but things look copacetic and calm. take a look at the intraday of the russell 2000, the small and midcap stocks that have less exposure to global markets. this is the biggest percentage gain of all the major indexes, jumping 2.7% right now for the russell. let's see the global. get to a global stock. we need to show you alibaba, the chinese conglomerate founded by billionaire jack ma, taking a hit after his newest startup, which was about to launch a world record-setting $37 billion

ipo, has just been suspended by both the shanghai and hong kong stock markets. why is baba down 8%? it owns a roughly 33% stake in the ant group which was supposed to start trading the day after tomorrow. the bad news came after ma was summoned to a meeting with chinese regulators who claim they have issues with the listing. keep in mind, ma has been somewhat critical of both the chinese and other global governments, so there's that. paypal surging 72% year to date on digital payments boom driven by coronavirus-led lockdowns but today, stock taking a 4% leg lower, down because they had a disappointing fourth quarter outlook despite a beat on third quarter revenue and profit. the ticker for ferrari is living up to its name. race is racing higher by 6.8% at this hour after the italian luxury car maker reported better

than expected third quarter results, gave a bullish 2020 profit forecast as shipments while still down 7% recovered from the second quarter hit of 48% that it endured. all right. from internal combustion cars to electric vehicles, plug power surging as activist shareholder d.e. shaw takes a 5% passive stake in the renewable energy firm. plug power moving higher by 9%. you're talking about electric, you got to look at tesla. tesla zooming to the top of the nasdaq on this election day. we've got tesla jumping 5.33%. you can see what the other big names in this sector are doing. everybody's in the green here. on perhaps the perception that the electric vehicle sector could get a biden bump if the former vp were to win. as the markets rally, check the dow, up nearly 600 points right now. i want to bring in our market experts. ernesto ramos, with $270 billion

in assets under management, and teddy weisberg, our trader from the new york stock exchange is with us. i do need first to go to teddy. we just heard from dhs about how election day is going, keep calm, carry on. can you give us a sense of the liquidity and how the markets are trading, any kind of disruptions that you see or calm that should be noted here? >> i think what should be noted is we are up almost 600 points as we speak and i think one of your earlier guests pointed out that we haven't seen an election day move like this since 1984. i think that's when reagan was running for re-election and he got re-elected and the market went on a 16-year tear after that election, going from dow 1,000 to dow 10,000. so i don't know what the strength of the market portends. normally i think it would say a trump win, but things are so

confusing, i'm not sure we can say that today. but no matter what, the election's over, life will go on and we can be sure of one thing. one way or the other, we are probably going to get some more stimulus and that will be good for the market. liz: there is the possibility, okay, the dow now up 600 points, ernesto, the possibility that one other thing we can be sure of and that is volatility. again, if you go back one year, we know that overnight as it began to appear that president trump, donald trump, was going to win the presidency, the futures went absolutely haywire, dropped 600 points. it was nuts what we saw. so can you give us a sense, of course, then the markets recovered and we have seen record after record, can you give us a sense of how you are looking to invest no matter what the volatility is? >> well, you are absolutely right, there's going to be some volatility around tonight's

results. it's unclear what will be the final result but we do have a set of three scenarios. we have a blue wave with highest likelihood followed by a biden victory, senate stays republican, and followed by status quo. the action of the market for the last month, october and the few days in november, suggests that maybe the blue wave is, in fact, the right scenario because you see the cyclicals and the value stocks starting to perform but we are in for some volatility, as you correctly pointed out. that's why one thing we do know for sure is that we do not have control over covid. covid cases are at their highest point ever in the united states, and we don't know when that's going to resolve itself. so that's why in our low volatility portfolio we prefer companies that are relatively insulated from covid and the cyclical -- the economic cycle, because given the uncertainty, we think those companies will

continue to do well and we don't want to take one view against the other until we see resolution of the medical crisis that is in front of us. liz: yeah. you know, i get that. but if you look specifically at what names could endure this, you know, can you kind of parse that out for us, ernesto? >> sure. it's stay-at-home names like the supermarkets, sprouts of the world, costcos of the world, krogers of the world, utilities, american electric power, companies that don't really depend on big economic numbers and granted, this may all end up being too defensive a position given that we might get strong fiscal stimulus if the blue wave materializes. however, until we see that happen, we would rather not get ahead of ourselves because surprises can come at any moment and as we saw in 2016.

so we would rather stay defensive until we have some definition in front of us as to what might happen. liz: teddy, is there a way, is there a trade that you are watching get a little crowded here as we head into this final call it 26 minutes of trade? >> well, i think the crowd trade is still the tech trades, liz. but i also think that's the trade where you want to be long because if you get a change, if the democrats sweep, that in fact in my view will be disruptive. the one thing we can agree on, we know we are going to get stimulus but after that, it becomes disruptive and the one area that will continue to show strength and good earnings both on the top and the bottom line are going to be the techs. so they led the market from march until now and they are probably going to lead the market after the election. liz: teddy, ernesto, great to

have you both, with investments and of course, the plumbing of the markets. things do look orderly at the moment so we appreciate the perspective of these two gentlemen, who are elbow-deep in all that's happening. on your screen, which i may point out in case you are in the car listening on xm113, let me spell it out. dow jones up 620 points, s&p up 67, the nasdaq up 230 points, with a nod to teddy's tech play. for president trump and vice president biden, the race to 270 is right now in front of their faces. the electoral college chooses the president and with seven states still in the toss-up category according to fox news projections, the path to the magic 270 number could go through any number of these states. so we sent our reporters to two of the biggest question marks tonight. team fox business continues with ashley webster on the ground in florida and jeff flock in wisconsin. all right. let us begin first with perhaps

the fact that no state is more important for the trump campaign than the 29 electoral college votes that are up for grabs in the sunshine state of florida. president trump took florida from hillary clinton back in 2016 after president obama and his vice president joe biden won the state in 2008 and 2012. what's going to happen here? that's the question we pose to ashley webster joining us live from lake merry, florida. ash? ashley: yes, in central florida. well, what's going to happen, we know in florida, elections are always tight. let's hope we won't be saying anything about hanging chads. that's in the past, right? we do know the people in florida like to vote early. we are here at one of the normally very busy polling places on election day, in seminole county, the eastern end if you like of the i-4 corridor that goes all the way through to tampa. not huge crowds here earlier today. they have been coming in steadily throughout the day and will probably pick up again as

people get off of work today but bottom line, i said floridians like to vote early. check out these numbers, liz. so far, according to the election division of florida, 9.07 million ballots have been cast early, either through mail-in or early voting. that is a remarkable number, when you consider that in 2016, 9.5 million votes were cast for the entirety of the election. so on the 9.07, you are going to have to add in all the votes today. one thing florida does is they vote count quickly. they keep a running tally of these early votes so that once the polls close here in this part of florida, at 7:00 p.m., they will have a very good idea of where the early votes went and if you believe the pundits, they say that actually would probably work in favor of joe biden. we don't know. but as we wait for the panhandle which is on central time and will come in at 8:00 p.m. eastern time, that is a strong

republican showing there normally. so the question is, can donald trump hanging close enough and wait for those results from the florida panhandle. it's going to be a very interesting night. 2016, donald trump beat hillary clinton here, very tight, 48% to 47%. it's always tight here but the demographics certainly of central florida, this is somewhat of a bedroom community, north of orlando. the population has exploded, as i say, the democratic -- or demographics, i should say, have changed and with all the tradition of red, there's been just a tinge of purple. the last democrat presidential candidate to win in seminole county was good old harry truman in 1948. just to reiterate, i think by 7:00, we will get some very quick early votes in and at least a trend early on. unless it's extremely close, i think we could get the results

for florida tonight, maybe not elsewhere, but i think tonight in florida. back to you. liz: and as you were speaking, we just got very close to the session high for the dow, a gain of 688 points. zooming along like those golf carts at the villages, right? i know about the golf carts at the villages. next stop on the road to 270 is wisconsin. back in 2016, right, president trump won pennsylvania, michigan and finally broke down the so-called blue wall, winning the badger state's ten electoral college votes. can former vice president biden rebuild that blue wall and win wisconsin back over to his side? to jeff flock live in madison, wisconsin. jeff, what are you seeing and hearing on the ground and taking into account potentially shy voters on both sides of the aisle here? reporter: absolutely. what we are seeing over my shoulder, by the way, that is something called curbside voting which they have in wisconsin. if you can't get into the

polling place, those folks out there with the yellow jackets on, they will help you, they will bring a ballot out to your car, you can vote in the car. similar to texas, although that's drive-through different than curbside. first i want to show you the pictures exclusively from inside this polling place, where absentee ballots are already being processed. a table's set up, stacks of absentee ballots come in. this is one of the states where they can process them starting this morning. so they have been doing that. what they do is verify the ballot. once it's been verified they take it to the machine where the vote is recorded. so we get a report of the absentees as well as the in-person voting at the same time. that's great. here's the caveat. 39 communities throughout wisconsin don't do it that way. they count the absentees separate. that means those numbers will come in later. so it is possible that president trump could, for example, be up, you know, when the polls close and we get the initial results, he could be up, but those

absentees of which we believe there are 500,000 or so, in those 39 communities, haven't come in yet. they figure to be democrat plurality in some ways. it includes milwaukee which is a hugely democrat city, so as i said, the president could be up and then you get milwaukee's absentees coming in, that could be as much as 100,000 vote plurality. he won here last time only by 23,000 votes. so he's got to get way ahead, we think, early in the evening because when milwaukee comes in, that's going to be a tsunami of votes, we believe democrat votes. so this is one where you might want to stay up all night. they must statutorily be done counting by 4:00 tomorrow afternoon, wednesday. hope it doesn't come to that. i don't know if i can stay up that late. liz? liz: do you get a hamburger or hot dog behind you with that drive-through? i like that.

that curbside. not bad. thank you. reporter: no food. liz: that's all i think about is food. thank you so much. we'll be right back. we have a major rally on our hands and so much more as we have 15 minutes left before the closing bell. and. without him, things were tough. her last option was to sell her home, but... her home meant everything to her. her husband had been a high school football coach and it turned out, one of his former players came up with an answer. a loan, created just for older homeowners. and pretty soon, nellie young had one of the first reverse mortgages. discover if a reverse mortgage loan is right for you. use it to eliminate monthly mortgage payments and increase cashflow, create an emergency fund, preserve retirement savings and more.

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absentee ballots later than what you saw where jeff flock was. so again, be careful of red or blue mirages, whatever people think they see. you've got to wait until fox news calls it and at the same time, fox business will call it, too. all right. former new york city mayor and billionaire michael bloomberg spending millions to help team biden. has it paid off? we turn to charlie gasparino who is about to explain why at least in one state, bloomberg's bucks may have gone bust. what's going on? charlie: well, i think it's $100 million in florida, correct? that's what he spent. and listen, this is a little bit of nashgnashing of the teeth be the final results come in. democrats are really scared about losing florida. they thought they had it won. there's polling now that shows that trump is catching up or could win the state. so what the conversation is now turning to inside the biden camp

is why did mike bloomberg's $100 million, why didn't it work. did he direct the ad money right. did he do something wrong with it. you know, there's a lot of gnashing of the teeth, whether mike bloomberg essentially did all he could do in florida to turn this into a blue state. you know, it's one thing to spend money and another to spend it wisely. that will be the story tomorrow if, i think, if florida goes to trump, particularly if the election goes to trump. if donald trump somehow pulls this out by winning florida and winning georgia, you know, if you think about it, he's got an uphill battle. he has to win florida, he's got to win georgia, got to win north carolina, has to. probably has to win arizona. if you do all that, then maybe he might win. if he can nail pennsylvania because michigan and wisconsin look to be out of reach.

that shows you how tough it is. but he did turn things around recently. we are hearing that polls are getting tighter in those states. again, can't tell if this is tightening that just happens naturally or if this is a real movement like it happened in 2016 at the last minute towards trump, away from hillary clinton. but clearly, that's going on. if he does pull out florida, liz, i will tell you that there's going to be a lot of finger pointing at mike bloomberg whether he just flushed another $100 million down the proverbial toilet and didn't get much out of it. so that's one thing to watch for tomorrow. the other thing to watch for, i will say this. and this is fascinating. i talk to wall street firms. they are all trying to game plan this. there really isn't one wall street firm that gives trump -- that's picking trump. every single firm is saying it's, you know, 70%, 75% chance that biden is going to win. one of the interesting things i saw, though, in the prediction

category, was most of the firms are very positive on a biden presidency and a democratic senate and house. you could spend a lot of money. morgan stanley took a different take today. they basically said if the democrats control everything, watch your pocketbook. they predict actually by inauguration day, s&p will be significantly lower than it is right now and one of the reasons is fiscal policy of lots of spending, higher taxes and you name it. so just be prepared. that's the other side of the story to counteract the rosy se fa scenario that goldman sachs and moody analytics is putting out there that joe biden will be great for stocks. back to you. liz: okay. i will tell you, charlie, teddy weisberg just said the same thing. an entire blue sweep will not be great for the markets but we shall see. i will tell you what's great for

the markets. the huge question mark at the moment. normally that uncertainty would cause a lot of angst and gyrations here. look at the dow jones industrials, everybody. we are up 695 points. we just crashed through the ceiling of the session high. same with the nasdaq, up 246. actually, nasdaq high, 251. we are just points away. look at the dow, now up 700 points. okay. six and a half minutes to go before the closing bell rings. you can't miss the final minutes of trade. i will be here for you. stay right there. strengthening client confidence in you. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. . . .

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local teenagers. he greeted several people here. spoke with them. made brief remarks. after he was in philadelphia, saying as philadelphia goes so goes pennsylvania. dow up 14. s&p up 65. jpmorgan following, same with wells fargo nice mixture here for goldman sachs, up 4.25%. we're seeing big gains even as we have major question marks whether blue or red will win. now polls closing in just, beginning to close in just three hours, depending on the state. results start coming in after that. with warnings it may take days to count all the votes given nearly 100 million people, record number, voted before election day, what are the portfolio plays that will keep you green? michael erone, state street

global advisors, 3.1 trillion in assets joining us. we put aside the red, we put aside the blue. we want green. how do we keep our portfolios in the green no matter what happens? >> liz, let me give you three quick ideas. i think technology will continue to be a big growth area. the regulatory spotlight will shine brightly on fang. look for small cap innovative companies on the cutting-edge of technologies to do well. the second is infrastructure. both parties agree, i think we'll finally get that elusive infrastructure deal. industrials, materials, other parts of the market will benefit from big government spending on infrastructure, i think those continue to do well. finally for those concerned about a number of risks gold always plays an important role in portfolios to hedge against geopolitical risks. big debts and deficits. both sides will spend tremendously. gold is a good idea for the risks. those are three good ideas for

you. liz: thank you so much for that. michael arone. [closing bell rings] gold up $15 a troy ounce. you can't move. i'm going to be on "lou dobbs tonight," 5:00 to 7:00 p.m. on line on foxnews.com. biggest day for a market on election day since 1984. connell: it is election day in america. indeed we do have a rally on wall street. i'm connell mcshane once again reporting to you from the state of pennsylvania. this is "after the bell." stocks surging throughout the day. closing around the highs as a matter of fact of fact. investors seem to bet on more stimulus after the election. we'll talk about that throughout the show. the dow is actually up more than 1000 points now, just over the last two trading days. this is quite a stretch running into election day. speaking of which, the white house race could come down to this state, to pennsylvania. today we're coming to you from washington crossing. about an