>> thanks. interesting pick. carlton, ben, reshma, good ideas. thank you so much. to read more, check out this week's edition at barron's.com. don't forget to follow us @bare louis vuitton's online. -- barron's online. we so owe you next week on "barron's roundtable." all. welcome to the program that analyzes the week that was and helps position you for the week ahead. i'm maria bartiromo. what a week it was. legal ballots over the election are heating up. i'll be speaking with a key player in the 2000 bush/gore florida recount, former florida secretary of state katherine harris is coming up. but first, top newsmakers in this week's edition of "the week's talkers."

watch. you think something switched, something changed in terms of sentiments, that we got more claire few -- clarity? >> mainstream media, they've suppressed the reality over the bidens. maria: there were 138,000 ballots dropped in the middle of the night in wisconsin all for joe biden, not one for trump in that 138,000. >> president trump won an overwhelming victory on tuesday night with certifiable, verifiable legal it votes. the fact is the president was reelected. maria: i know that you're supporting joe biden, i get that, david, but how do you know there's no evidence? >> i think it's a fair point that we don't know. maria: your reaction to what we saw in our streets across the country last night. >> i think it was mostly peaceful, but this is just the warmup. today has been declared a national day of protest, so you're going to have hundreds of protests throughout the country.

maria: congressman-elect, congratulations to you. >> maria, i gotta saw that still sounds a little strange to me. i'm not exactly sure how hi feelings are right now, but i'm so honored and so humbled by the trust that western carolina's placed in me. maria: a big week on markets, stocks surging this week on the likelihood of a divided government. the blue wave failing to materialize. the dow's second best election week in history. but there are some senate races still up in the air this weekend, two in georgia likely headed for a january runoff, so it is possible we could see a 50-50 split where a potential vice president harris would cast any deciding vote, joining me now to talk about that is stephanie pomeroy and anthony chan. great to see you this weekend. thank you so much for being here. steph gnu, let me kick it off

with you. if the democrats win those seats, will we see a decline in the market on the expectations of those progressive policies moving in? >> yeah, well, i mean, obviously the market has gotten really excited about the prospect of a divided government. and, you know, frankly i don't even think that that's such a compelling argument because the republicans are already talking about caving. you know, mitch mcconnell is softening to the bailout for the states which was sort of their line in the sand on this second e wave of covid relief. so, you know, i have zero confidence that the republicans really hold the line on some of this, you know, countercyclical economic policy. but even if they do, i think what we come down to is in 2016 the markets had a rationale for going up. it was based on probably the most sweeping pro-business agenda we've seen since ronald reagan in 1980.

the rationale today is naked stimulus. it's not based on any kind of pro-benefit policy. it's a hope that we don't repeal all of the work that's been done, but it's really a wager on short-term fiscal stimulus monetized by the fed. so i think that that's very shortsightedded on the part of the market. and i also think there's a long-term -- we can talk about this maybe later -- a long-term issue about selling progress on putting a check against china which is a huge long-term issue for the u.s. geo politically and economically. and that's all going to come to a grinding halt which i think, you know, has a real, has real consequences for u.s. hegemon gnu in the years to come. maria: you really make some excellent points there. certainly, i agree with you on china. in terms of republicans holding the line, we'll see if we

actually see them roll over, then you're saying maybe we could see some of those policies get through. are you talking about joe biden's plans to talk about $4 trillion, stephanie? >> well, hopefully, we would never see anything that dramatic. i think the republicans would balk at s&p some of the extreme policies, green new deal, getting rudd of fracking, but i wouldn't rule out them coming to the table and saying, look, we're come together on infrastructure, and we'll pay for it by nudging up taxes on the wealthiest, you know, 1% or 10% or whatever, you know, i don't rule that out. and i think the markets are getting overly excited and confident that they've got this all figured out. and, you know, if it's biden, there's no harm going to be done. i'm not sure that that's true, but more than that, the fact that there might not be harm done isn't as compelling a

backdrop as trump's agenda which was positive. we were creating economic growth. here we're just talking about limiting economic damage. so that, again, from these valuations, i mean, we've never seen a market at these valuations, strikes me as a very dangerous setup for the financial markets moving forward. maria: yeah. all really important points. meanwhile, on friday we got the jobs numbers a little bit better than the expected, anthony. what was your reaction to what we saw for jobs in october? wages going up as well, 638,000 jobs added to the pay rolls in the month of october. >> well, maria, that was a great number for the employment report. and, by the way, it gets even better because if you look at the household survey that's used to compute the unemployment rate, not only did it go down to level that no one imagined, but you increased 2 million jobs there. usually i look at both surveys, and i see the truth isesome in

the middle. so you've got the 2.2 million and the 638,000, so we're looking at a number that's about 1.4 million jobs. now, that's great news. the only fly in the ointment is we still have more jobs to create, another 9 million if you look at the household survey from the pre-pandemic and another 10 million if you look at it at the establishment survey. so we have a lot a a lot of jobo create. at this pace if you're looking at the 638,000 jobs, another 15 months to get there. what we saw with this report is really the last remaining remnants of the bipartisan stimulus package that was passed which is why we need another one. and i'm confident that we will see both political parties signing on. it may not be as large, but they will sign on. and in terms of the equity market, they've got to love this

because if you have a divided government, that means some of the things that stephanie pointed out that she's concerned about are not going to happen. like, for example, an increase in corporate taxes. that was going to reduce. let's face the facts, the stock market is not red, it is not blue, it only looks at green dollars, and this means higher corporate profits, higher stock prices. maria: yeah. well, we'll see, the point stephanie made is there will be a negotiation for an infrastructure package. but i want to get your take the on housing expect consumer which has been so strong. let's take a short break, and we've got a lot more with stephanie and anthony when we come back, plus, by interview with a central figure in the bush/gore legal challenge, former secretary of state from florida katherine harris on what she's seeing this time around. did you know that geico's whole 15 minutes thing... that came from me. really. my first idea was

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and we are back with macro mavens president stephanie pom soy and chief economist anthony chan. guys, i want to look further into 2021 now as we look at what's going on in terms of the legal aspects of the results of this presidential election. we know that the federal reserve is going to be there and continue with these rates at rock bottom levels. anthony, give us your take on housing and the consumer, two areas, probably the best areas of the economic backdrop so far. >> yes, maria, those are the two best areas. and for housing, we know that housing benefits from a lower but longer strategy pursued by the fed. but, of course, jay powell has basically hinted if you have a divided government and the size of the stimulus package is going to be smaller, they will offset that with increased actions. so what you're going to have a is a lower for longer policy being replaced by a lower for even longer strategy, and that's going to be very positive for housing because housing benefits

from extremely low interest rates. and for the consumer, as you start to recover -- and, of course, this latest employment report shows you the economy's already begunking to improve and will continue even more after you get greater progress on the therapeutics and vaccine -- guess what? consumer spending, as you start to create jobs, will, in fact, not disappoint the economy and be a strong performer. maria: yeah. but that's all contingent on an economy that stays open. stephanie, we may very well see lockdowns. look what's going on in europe right now. you've got a lockdown in the u.k., in france, in germany. give us your take, stephanie, on longer term what does 2021 look like from your standpoint? >> well, as you know, biden talked about shutting it back down again. that's anathema to the economy and the markets. it would be the worst with thing and would, obviously, put a stop to all the progress that we've made thus far in clawing our way back. but i guess my point would be i

think at the end of this whole covid episode, employment will still settle at a much lower level than it was prepandemic. we already know a lot of businesses are fundamentally going to change and be less interested in going to movie theaters and having conventions and that sort of thing, more people working from home. there has been structural shifts as a result of in that will limit -- this that will limit some of the recould have in employment -- recovery in employment. and i would also note, this may get a little wonky, but going into this pandemic employment growth was running well ahead of where it normally does relative to corporate profit growth. and normally the two of those move together, you can barely distinguish one from the other in terms of a chart of both. and this time what you saw was corporate profit growth really kind of sidelining and employment growth continuing. one might argue there was a little bit of excess employment

going into the pandemic that i it kind of just bolsters that idea that maybe we're going to settle at a higher level, the unemployment rate when all is said and done and we finally do get through, this but the vaccine creates its own issues x. this is sort of the irony of the backdrop for the markets right now. they're so focused on fiscal stimulus and the fed staying in there and keeping a cap on the interest rate from all of this, you know, massive fiscal stimulus that we create a problem where if we get a vaccine and the economy opens, then the rationale for the fed to continue to hold down interest rates is removed, and it makes it much harder for them to continue this massive qe without looking like they're just nakedly monetizing the government account. so that could create a real obstacle to the market. ironically, you know, reopening the economy and getting back to

business could create an issue where rates start to go up, and the fed has to step away, and the markets wouldn't like to see that whatsoever. maria: well, it's certainly something to think about as we've sort of gotten into this position of expecting rates where they are. finish great to talk with you both this weekend. thank you so much, stephanie pomboy and anthony chan. quick break and then getting the count correct. former florida secretary of state katherine harris, a key player in the 2000 florida recount, discusses the current election battle amid claims of voter fraud. that's coming up, stay with us. >> i think there's going to be a lot of litigation because we have so much evidence, so much proof, and it's going to end up perhaps at the highest your journey requires liberty mutual. they customize your car insurance so you only pay for what you need.

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since yesterday. 24 hours, we were behind in georgia, now we are ahead and we

are going to win that state. 24 hours ago, we were behind in pennsylvania and we are going to win pennsylvania. and now we are ahead, but we are winning in arizona, winning in nevada, and in fact, our lead just doubled in nevada. we are on track for over 300 electoral college votes and look at the national numbers. we're going to win this race with a clear majority and the nation behind us. we've gotten over 74 million votes. let me repeat that, 74 million votes. that's more than any presidential ticket has ever gotten in the history of the united states of america. our vote total is still growing. we are being donald trump by over 4 million votes. that margin is still growing as well. one thing i'm especially proud of is how well we have done across america, and we are going

to be the first democrat to win in arizona in 24 years. we are going to be the first democrat to win georgia in 28 years, and we've rebuilt the blue wall in the middle of the country that crumbled just for two years ago. pennsylvania, michigan, wisconsin, the heartland of this nation. i know watching these vote tallies on tv moves very slow, as slow as it goes, it can be numbing. but never forget, tallies aren't just numbers. they represent votes and voters, men and women who exercise their fundamental right to have their voice heard and what's becoming clearer each hour is a record number of americans of all races, faiths, religions chose change over more of the same. they've given us a mandate for action on covid, the economy, climate change, systemic racism.

they made it clear they want the country to come together, not continue to pull apart. the people spoke. more than 74 million americans, and they spoke loudly for our ticket but while we are waiting for final results, i want people to know we are not waiting to get the work done and start the process. yesterday, senator harris and i held meetings with groups of experts on public health and the economic crisis this country is facing. the pandemic, as you also know, is getting more worrisome all across the country. daily cases are skyrocketing, and it's now believed that we could see as many as 200,000 cases in a single day. the death toll is approaching 240,000 lives lost to this virus. that's 240,000 empty chairs at kitchen tables and dining room tables all across america.

we will never be able to measure all that pain and the loss, the suffering that so many families have experienced. we know something about what it feels like to lose someone. i want them to know they are not alone. our hearts break with you. we want everyone to know on day one, we are going to put our plan to control this virus into action. we can't save any of the lives lost, that have been lost, but we can save a lot of lives in the months ahead. senator harris and i also heard yesterday about how this recovery is slowing because of the failure to get the pandemic under control. more than 20 million people are on unemployment. millions are worried about making rent and putting food on the table. our economic plan will put a focus on a path to a strong recovery. look, we both know tensions are

high. they can be high after a tough election, one like we've had. but we need to remember, we have to remain calm, patient. let the process work out as we count all the votes. you know, we are proving again what we proved for 244 years in this country, democracy works. your vote will be counted. i don't care how hard people try to stop it. i will not let it happen. the people will be heard. our journey is for the more perfect union, and it keeps moving on. in america, we hold strong views. we have strong disagreements, and that's okay. strong disagreements are inevitable in a democracy. strong disagreements are healthy. they are a sign of a vigorous debate of deeply held views. we have to remember, the purpose of our politics i isn't total,

unrelenting warfare. no, the purpose of our politics, the work of the nation isn't to fan the flames of conflict, but to solve problems. , to guarantee justice, to give everybody a fair shot, to improve the lives of our people. we may be opponents, but we are not enemies. we are americans. no matter who you voted for, i'm certain of one thing: the vast majority of the 150 million americans who voted, they want to get the vitriol out of our politics. we are certainly not going to agree on a lot of issues, but at least we can agree to be civil with one another. let's put the anger and the demonization behind us. it's time for us to come together as a nation to heal. it's not going to be easy, but we have to try. my responsibility as president will be to represent the whole

nation, and i want you to know that i will work as hard for those who voted against me as those who voted for me. that's the job. that's the job. it's called the duty of care for all americans. we have serious problems to deal with, from covid to the economy to racial justice and climate change. we don't have any more time to waste on partisan warfare. you know, more than that, we have such an incredible opportunity to build a future we want for our kids and our grandkids. i've said many, many times, i've never been more optimistic about the future of this nation. there is no reason we can't own the 21st century. we just need to remember who we are. this is the united states of america. there's never been anything, anything we've been unable to do, unable to accomplish when we've done it together.

i hope to be talking to you tomorrow. i want to thank you all, and may god bless you and may god protect our troops. good night. [cheers and applause] >> former vice president joe biden, not declaring victory, giving an update, he calls it, saying he is going to win a number of swing states up for grabs. says he is ready to get the work of presidency done. coverage continues on the fox news channel. we returned to regular programming on this station. i'm leland vittert, fox news

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maria: welcome back. that'll do it for us for this weekend. thank you so much for joining us. join us next friday on the fox business channel, 9 p.m. eastern for another edition of "wall street," and i'll see you this week over on fox news for "sunday morning futures" on the fox news channel. kevin mccarthy, lindsey graham and former new york mayor rudy giuliani along with trey gowdy, my special guests. catch the show live,10 a.m.

eastern on fox news. smart -- start smart every weekday for "mornings with maria" right here on fox business. thanks so much for being here, i'll see you again next time. ♪ ♪ ♪ gerry: welcome to the "wall street journal at large." well, we're in overtime in the presidential election. now, joe biden does seem to be edging closer and closer to being anointed president, but it could be a good while yet as there are legal challenges and results that suggest the race could still be on a razor's edge. one thing is clear, however, americans shockingly ignored the instructions they've been cheerily given by pundits, pollsters, pop stars and others and, of course, the media to deliver a biden blowout.