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tv   Cavuto Coast to Coast  FOX Business  November 8, 2022 12:00pm-1:00pm EST

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lauren: okay the rally holds. the dow is up 500 points. lauren? lauren: yes? lauren: investors seem to like the idea of gop clean sweep of congress. lauren: check on the white house know more spending. nothing gets done. neil:
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neil: ho minute americans voted by mail-in ballots. this is record-breaking year. certainly for midterm election. at the rate we're going maybe for any election. we'll keep a close eye on it. we're watching live voting as we speak in dayton, ohio, in he philadelphia, los angeles, we are everywhere in the meantime. bryan llenas in the keystone state. aishah hasnie in los angeles and mark meredith in ohio. donald trump rallied for jd vance. that senate race trying to hang on or sew h see what happens to that senate seat. first to bryan in pennsylvania. reporter: election official in bucks county says voting turnout at this precinct has been steady, very good.
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dr. mehmet oz he he voted this morning alongside his wife lisa. he was swarmed by reporters and photographers and he had this message for voters. listen. >> i'm proud the way we ran this campaign. pennsylvania sent a clear message to washington. we want less radicalism and more balance. i encourage every one to vote. it is your duty. reporter: his opponent john fetterman voted in braddock pennsylvania where he was mayor for four terms. at his rally last night he assured voters despite his stroke. >> every day i feel better. by january i will be even better. [cheers and applause] but, but, dr. oz will still be a fraud. reporter: election officials warn delays in ballot counting could leave this race undecided for days especially because of
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legal battles over undated or incorrectly dated mail ballots. currently those ballots do not count following a recent court decision. last night the fetterman campaign filed a lawsuit arguing that not count undated or incorrectly dated ballots violates civil rights by disenfranchising voters. fetterman's camp is concern it would invalidate thousands of votes for them, 70% of the 1.4 million mail-in ballots sent were sent to registered democrats. in philadelphia by law mail ballots could not be processed until 7:00 p.m. today. nearly all counties are required to county continuously overnight until they are done. the bottom line, if tonight's race is to close to call it could take a while. undecided, those undated ballots could loom very large, not six months ago, neil, dr. oz won the primary by fewer than a thousand
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votes. that took 17 days to sort out. neil? neil: my goodness. can you imagine. bryan, thank you very much. aishah hasnie in georgia where neither candidate in either race secures 50% of the vote they could have a runoff. that seems likely in the senate battle than gubernatorial battle but ashiah has more from georgia. reporter: good afternoon, to you, neil, voter turnout, high voter turnout is the only thing could avoid the runoff potential. in a couple of precincts we have not seen a lot of long lines. no lines at all. in fact a man walked in came back out in six minutes at the precinct i'm in cobb county. the longest wait time in northwest georgia is 12 minutes. so not so bad this morning here in georgia. i will tell you it is all about the issues for these voters. they have been sounding off to us as they go in to vote. here is a little mix what they have been telling us here in cobb county.
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>> for me this election was really one issue election and it was about abortion rights. >> it really motivated you? >> it absolutely motivated me. i would have voted any way but this kicked the punch. >> the important thing get the inflation under control. reporter: how bad is it for you? >> it is pretty bad. >> it is bad. >> money don't go anywhere anymore. reporter: there you have it. so the issues are what drove a record 2.5 million people out to vote early in georgia. now the question is, neil, which party can get more voters to turn out today because in this date as you said it if a candidate doesn't get more than 50% the race heads to a runoff. the pressure on the gop today, to prevent a repeat of 2020 when georgia handed democrats the senate. they don't want to see this happen again. inflation could actually help walker out today despite some
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troubling allegations of his past, forcing women to get abortion. he has denied it. meanwhile warnock supporters say today's race is a choice between right and wrong. neil, we're already seeing some election issues even before election day came around. here in cobb county the aclu filed a lawsuit over 1000 absentee ballots that never made it to the people who requested them. now a judge ordered election officials in could be county to overnighted them. they did overnight them yesterday. as long as they're postmarked by 7:00 today they can be counted and counted as part of this election. neil? neil: i have often read there are more lawyers this year than there are candidates when all said and done and that might be true. ashiah thank you very much. reporter: might have something to do with what happened in 2020. neil: has a ring of the bell feel to it. reporter: allegations. yeah. neil: i hear you, thank you,
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ashiah in georgia. mark meredith in ohio a couple of very close races there as well, mark. reporter: neil, good afternoon to you. we have seen a steady stream of voters at this precinct in the columbus suburbs. no long waits. people are fired up about this election. there are so many different races in on the ball loot in ohio, the one getting the most attention is the senate contest. our cameras were in cincinnati this morning as republican candidate jd vance cast his ballot this is an interesting race vance. he flaunteds his record as businessman, as an author, he says even first time politician he feels good about his chances after a long and hard-fought camped pain. >> this is good feeling for a guy never runoffs before to cast your ballot for yourself in general election the first time. i feel very good about today.
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we'll see how it goes but i'm feeling pretty confident. reporter: vance made it clear that former president trump was backing vance. it was meant to boost turnout which. democratic congressman tim ryan posed a strong challenge. he made efforts to appeal to moderate, even republican voters in the state but also been fascinating because he is critical of the national democratic party. today he told our cameras he is leaving nothing to chance on election day. >> a lot of relief and it is up to the voters now. that is the process here. i think a lot of the conversation we've had over the last couple years you got to trust the voters you know, if you win, you win. if you lose you concede and you move on. reporter: but of course before we get to that point we'll have to wait for the results to come in. there will be dueling election parties for jd vance, he will be in the state capital area in columbus at hotel ballroom.
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tim ryan in his congressional district in youngstown. somebody will be very happy or sad. you and i will be happy either way because the election will be over. neil: then we'll be on to 2024. thank you very much, my friend, mark meredith. before we get to my next guest here take a peek at the corner of wall and broad. we're seeing our third day of advances right now. a winning streak for all the major market averages this is particularly noteworthy occurs as bond yields are coming down. sentiment seems to be building republicans at he vet h very least capture the house. that is baked into the cake for a while, maybe even the senate. either way we're looking at gridlock n wall street's rather perverse looking at things, maybe nothing gets done than something gets done adding to the debt with spending. they tend to do well, stocks tend to do well under divided government. the white house under one party's rule and house and senate under another party's rule. generally markets do better on
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such occasions. it is not ironclad. it seems to be a pattern where wall street is jumping on that. take you to wisconsin. we were watching tony evers for governor is in a tight race to hang on to that job. he is voting. voting we're total anecdotally is very, very strong a lot of areas. pretty much across the country. i was voting in new jersey this morning, for my little sleepy town pretty heavy. the fact of the matter there is great deal of interest in a race that doesn't feature in some locales, for example in my community nothing really big going on outside of the perennial do you want your congressman back or not. there are a couple issues on the table. for the most part there is a great deal of interest in this race. again the expectations certainly when you see the markets when all is said and done we'll be looking for divided government the next couple years. something wall street likes. whether it is tonic for main
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street we shall see. let's get the read from jessica tarlov, democratic strategist, fox news contributor, jessie bollard, independent women's analyst and caylee mcgee from the washington examiner. caylee, want to begin with you we're this notion wall street will be at loggerheads. i always find that an interesting premise t relishes nothing getting done. a lot of stuff has to get done. i see wisdom to that but what do you make of it? >> yeah, even the notion that a divided government and republican control of congress, especially in the house, maybe in the senate, bringing in some new members who are serious about tackling inflation, who are serious about bringing the economy back up and on board is enough to give the markets a push in the right direction. there is a bit of optimism now in the economy as well as the voters who are turning out as you already mentioned. neil: what do you make of that, kelsey? this view right now people
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heretofore wouldn't be jazzed to come out in a midterm are? we'll dot the is and campaign ts, tomorrow when we digest all of this but record voting in a lot of key areas. not across the country, not everywhere, we don't have a gauge whose voters were more passionate, democrats or republicans but your read what you see and hear thus far? >> yeah. voters are going to be speaking loudly and that's not just going to come from the typical voters who have the yard signs, very vocal with their neighbors and on social media about their political views because americans so many ways have felt the implications of the biden administration's policies first-hand, inside of their households, in their communities, with rising crime and at the federal level. they just don't have basic trust that president biden can get the job done. they want to see accountability in washington. and they want a change.
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that is exactly what they will vote for especially one of the key voters are these white suburban women who are traditionally independent voters. often in the past we've seen them vote left but there has been a huge shift of those voters moving to republicans this year and that is going to make a crucial difference and the reason for that, it's policy. the biden administration policies across the board have failed these american voters. neil: jessica, if that's true, we don't know yet when all the numbers are in but did democrats mishandle or misgauge the women vote? in other words, that they were so convinced there would be such anger over the roe v. wade reversal on the part of the supreme court that they turn out in droves? that might happen. it might have brought out the base but there was supposition that is all that mattered to women, what do you make of that? >> i definitely think that there is going to be plenty of room for analysis of mistakes that would be made.
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center that conversation around not having cohesive messaging on the economy and inflation and what we will do to ease the burden. that is happening across the board, democrats, republicans independents feel that. frankly ignoring peoples concerns about crime and public safety. i imagine that will be a top-rated issue. i voted here, voted early last week in new york where the second most important issue behind the economy and lee zeldin staked his campaign on that. if you look historically back what is most important to these white suburban women, they were national security moms at one point, they have been crime moms and soccer moms in the '90s. they went for bill clinton in 1996 there, the idea dobbs would hold for months essentially the summer, if you looked at it we were ahead because impact of that decision. you had the kansas referendum. you can see it slipping away in terms of level of importance and i don't think democrats did that well in shaping a general package let's say where you talk about abortion but also talk about the bread and butter
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issues that americans are going to the polls for. it is early, i'm optimistic. i on we hold the senate. we'll lose the house. the range is quite vast in terms of losses in the house. neil: you're quite right about that, kaylee if we go by the common assumption as jessica points out, at least republicans capture the house, depending on the number. senate could be dicey battle, but one way or he addresses american people tomorrow, we're getting signs he won't do that. i wonder is that a mistake? >> i think it's a mistake. i think he should address the american people. really he made many mistakes up to this point on the campaign trail and other democratic candidates. one of the things you hear from voters i'm in michigan, i voted this morning, people coming into the polls, one of the things
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there is a lot of frustration. they feel they're not being herd. they feel their concerns are not valued. they feel families, crime is up, families are not safe anymore. their wallets are not going as far as they used to. it feels like democratic candidates just don't care. if biden can communicate to the american people tomorrow, later this week whenever he decides to do so he is listening, that he would unify the country as he said when he first he wanted to when he ran pour president they're is. will biden do that. there is not a lot of experience that suggests he will. but that is what he should. neil: we know something about midterms. they don't follow through all the time. bill clinton survived a rout in '94 to get easily elected. ronald reagan was clobbered in the midterms in 82, he won in a
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landslide two years later. are we assigning too much lasting significance to this. >> i don't think so. president joe biden's approval ratings are at record lows. americans don't approve of his performance and they don't approve of the performance of democrats as a whole who have had control of washington. we have families who have had to deal with severe learning loss with their children, record inflation, crime spiking in counties across the country. neil: -- that this lasts, seems what you're saying? >> absolutely. americans want solutions. they want a change and we need to see the biden administration be be a part of that change instead of denying problems americans are clearly telling us that exist. neil: jessica, do you expect a bill clinton moment if he is humbled at poll today or his party is tomorrow to sort of do the famous clinton pivot and see where the parade is going and in
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bill clinton's case ultimately lead that parade? >> democrats would be a lot better off if they listened to bill clinton in 2016. frankly whenever he speaks not commenting what happened with monica lewinsky, gennifer flowers all of that, he has great political instincts. james carville as well who is top advisor. they have been all over the place telling democrats what they should do. they should heed his advice. they how to judge how moderate the electorate. extremes are extremes. majority of races are won in the middle. that is how you put together these coalitions. i would love to hear from president biden get soul of nation stuff going, how you will work with the republican congress. kevin mccarthy will be the leader expected. what will you be able to get done there, let's move forward but i wasn't count democrats out for 2024 no matter what happens. people voted enthusiastically for joe biden and for democrats in 2020. i imagine that that could absolutely happen again.
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neil: you should never assume anything that goes on is etched in stone. we'll watch it very, very closely. ladies, i want to thank you all. we're still up 480 points right now on the dow, the third day of advances, the optimism likes, maybe you not not relish, it is divided no new spending going on, no new initiatives going on but that is tonic for corner of wall and broad, so much is going on in washington better a break from that. more after this. ♪
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>> though we have made progstress not enough people have felt more prosperous and more secure. we believe we're meeting their desires for fundamental change in the role of government in their lives. with the democrats in control of both the white house and the congress we were held accountable yesterday and i accept my share of the responsibility and the result of the elections.
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>> last night was one of the most decisive off year elections in american history. if this is not a mandate to move in a particular direction i would like somebody to explain to me what a mandate would look like. neil: more remarkable in those comments from the president of the united states who took much of the blame for that shellacking at the hands of newt gingrich and so-called gingrich revolution in 1994, that resulted in 54 republican seats in the house and total control of the house, the senate. by the way, this was the same year that a fellow named george pataki got elected in the bluest of blue states in new york. there was something in the water in 1994. in case you're waiting a biden-like statement or clinton-like statement from joe biden the day after, we might wait a while. we're getting indications none is planned for the time-being but edward lawrence at the white house with more. edward. reporter: you saw former president bill clinton speaking. he took questions after the statement he made there.
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that is something the white house is now refusing to confirm that president biden will do. the usual postelection news conference where the president takes questions. he is saying there will be remarks, white house press secretary remarks, but not confirming a news conference. last night that is where president joe biden was in the blue state of maryland, very blue state, making his last minute push. he campaigned for wes moore who is expected to win by 30 points. the president avoided other close races. his message has been the same in the closing weeks, that democracy are at risk. president biden: there are more than 300 election denyiers this year and wes's opponent is one of them. they're not only trying to deny the your right to vote but deny your vote counted. reporter: he did not name one individual name, talking about the election deniers. he talked about megamaga, megarepublicans more than he
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talked about crime and inflation. issues top of mind for voters. white house press secretary pushing back saying the president has had success on inflation, there will not be a pivot regardless of the outcome of election. so i pushed back on this. listen. seems open-ended. there is no end, going to in the future at some point inflation will come down. we're still seeing inflation at 8.2%. 40 year highs. >> we've seen actually, that is not what we've seen from the data. the data has shown that we are seeing some easing in inflation. that is what we've seen from the most recent pieces of data. reporter: you see where cpi inflation has gone under this president. yes inflation eased from 8.3% year-over-year in august to 8.2% year-over-year in september but core inflation keeps rising. voters seem to be tired of buying more of their money going as far as it should and spending more on the things that they buy. neil? neil: edward, thank you very
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much for that. edward lawrence at the white house. want to go to my friend geraldo rivera what he makes of all of this. >> high, neil. neil: thank you, my friend, thank you for joining us. >> thank you. neil: hard to until the ballots are in 40 million plus voted by mail early in person, getting a gauge on that is tough but i wanted to raise with you how the market is looking at this, geraldo. the markets are up noting that divided government is good. nothing gets done. that is a damning statement there but that is what wall street is hoping for. what do you make of that? >> i think the two most important numbers in the, in the election is the dow on the one hand going up and the price of the gallon of gas going down. gasoline other a quart of milk whatever is your indicator but i also think, neil, that you have a situation where we have to go back, everyone goes back to the team that they brought.
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i mean we have a very narrow -- the election is contested in the middle by independents. democrats come home. republicans come home. i don't see this as a sea change that so many of my colleagues are suggesting. i think it is going to be a lot tighter. i think divided government, it isn't so much nothing gets done, that if anything gets done it requires compromise. requires for instance on the issue of immigration. a divided government, maybe we getting together finally after all these decades come with a comprehensive immigration plan that works rather than saying, oh look, you're in charge and it's awful, you're in charge and this is awful. i want people to come together. i was disappointed with president biden's speech the other day. democracy itself is at stake. that is baloney. democracy is not at stake. we're not the way march public of 1918 to 1933 in post-world
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war one germany. united states of america we have resilience. we have election deniers. when i was growing up, they used to say the dead people voted twice in cook county. it is, it is part of the sordid but colorful, we have voluptous, messy government and we shall survive this as well. there was a very strong turnout here in my voting district at least, my voting polling place northeast ohio is voting strongly, people showing up. i think they will be robust. i think it is probably quite likely the democrats the house, that is okay by me. the senate is at stake. as long as democrats hold the senate, republican hold the house maybe they getting together get something done to help the american people. the reason the dow is soaring is that spigot pouring public money
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into the american economy will be shut off. you can't sustain trillions and trillions of dollars. that is what weimar really was known for. not the end of democracy but the end of the soundness of german currency. we can't have that. inflation is awful. you can't have people paying you know, four, five bucks for gasoline. it has got to be less than that. the same for gallon of milk. neil: i'm curious though, as you know, geraldo, no sooner we get the results in, when of we get them in people will be focusing on 2024. we already heard donald trump plans announcement a week from tonight, presumably on a presidential run of his own. he already singhed ron desantis as ron sanctimonious, crooked hillary, that wordsmith stuff not withstanding, what do you make of that with the gloves
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come off in matter of days? >> let me say about ron desantis. i think trump in his genius has popped the desantis balloon at least for now. i think that the florida governor will have a hard time, even though he is expected easily to win, he will have a hard time recovering that national glow that he had. ron desanctimonious is kind of wicked moniker, neil i think will stick. neil: you think one cheap shot would make a difference and hurt him? >> i think it does, i think it does. neil: really? >> when you see, when you see, all of ron desanctimonious over and over again, i think when that picture of the florida governor wearing those white go go boots in hurricane ian, it will diminish him. trump meanwhile is soaring. he is puffed his chest. i think it is extremely likely that he will announce that he is running for president next week. i cannot imagine that he would
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schedule this huge event at mar-a-lago. neil: do you think he could get the nomination. do you think he could get the nomination to go on and win? >> i do. i think he will get it easily. we had a rally here. the president, former president was in the dayton airport. mike dewine, a wonderful governor of up 20 odd points was there the president introduced him. he got booed. dewine got booed of the why did he get booed. he was not trumpian enough. this is not a republican party. this is a trumpian party. there is no doubt that he will run. no doubt he will win. ironically maybe could be only one could beat him. neil: i thought the market was up because geraldo rivera was dipping in doing some buying. thank you for clarifying that. thank you so much, geraldo rivera. indeed the dow is up almost 500 points. stay with us.
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reporter: welcome back to "coast to coast." i'm grady trimble in wisconsin. this is a state used to tight elections especially in presidential years. with the senate race and governor's race on the ballot decided less than three points that would make history in a state used to razor thin margins deciding elections. on the campaign trail leading up to today, in his last minute pitch to voters this morning senator ron johnson has been hitting kitchen table issues like inflation, the economy and crime. when i asked him just after he voted about his re-election chances, he says republican voters shouldn't take anything for granted. how are you feeling with the polls so close? >> i'm cautiously optimistic but again my message to republican voters, assume this is a dead-even race. i would like to win by a wide margin, not for partisan purposes but literally so that it will send a very strong to our democrat doll leagues that
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their policies are not working. reporter: johnson's progressive challenger, lieutenant governor mandela barnes had three final campaign events in milwaukee. he spent a lot of time there this week trying to get out the urban vote. in the governor's race between democratic governor tony evers, republican businessman tim michaels that could be even closer than the senate race but both of these races, neil, could come down to turnout, in rural areas like we are in oshkosh, versus the big cities in the badger state like milwaukee and madison. neil? neil: thank you, grady trimble in oshkosh, wisconsin. to sean duffy, the former wisconsin congressman, his read on things. sean, it is hard to tell where this momentum is going. so many voted early right now, a record number. in states like arizona we'll be getting to that. 80% had already voted going. >> into today. i wonder how you make with that
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dynamic? >> hard to tell, neil, with pollsters gotten it wrong last three elections, pretty significantly wrong. you look at that you look where is the mood of the electorate. i talk to a lot of candidates. i don't think anybody understands the direction the couldn'ttry going is candidates. they can tell the wind at their back or wind to their face. so many republican candidates speak to, listen, this will be a big, big day for us. there is energy on our side. we're winning those independent voters we're making up some soft democrats as well. but in wisconsin, crime is an issue. remember we had the waukesha christmas parade killer horrific for the community. crime is on the minds. there are a lot of suburban women in that area, around the suburbs of milwaukee. southern part of ken nobody that had riots. usually democrat voters down there, but they have trended republican because of the crime issue. then the economy across the stated but northern part, people
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drive a long way, this used to be my old district, dark blue area that trended really red. the economy is killing them. they're driving long distances often times in pickups and suvs because they work better in the snow. they're getting crushed. i look at this, wisconsin, specifically it will be a good night for republicans and grady mentioned madison and milwaukee, he is right, a lot of voters there, but what a lot of democrats and pollsters forget about, there is a big state out there, there is a lot of rural voters. when you take them in small bunch they look really small, when you put them together it's a massive voting block that matters in the state. that's why i think those rural voters, the state usually was kind of a blue trending state. now you will see it is kind of purple because the upper part of the state, the rural part has changed. i say quickly, there is red shirts and blue shirts. there is not a lot of independents in the state. this is about energy, who will turn out today, it will decide who is going to win and i think
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the red shirts probably have it. neil: if you had to advise a lot of your republican friends, former colleagues, you see that in so many midterm elections, sean, the party romps in midterms, can't keep the mojo going next couple years, '94 is a good example, 1982 when ronald reagan was on the ropes, hard to belief in retrospect he won in a landslide going forward two years later, how do you keep republicans in check on this? don't get ahead of your skis. remember what doomed the democrats if it works out the way you think it will, what do you tell them? >> there is a little shiny ball out there called oversight, neil f republicans focus too much on oversight, they have to do oversight of this administration but they're not getting elected to do oversight. they're getting elect todd make peoples lives better. they have to push smart energy reform. if they have the senate they can put it on joe biden's desk. make him veto it if you want,
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good legislation on that, good legislation on crime. try to reform the regulatory system. you do the things push to fight to make peoples lives better you will be rewarded. if you get stuck neil, just doing oversight, ignore, the plight of the american people the voters will turn on republicans as well. they can dance that out. they can do both things but you can't just do one. if they do that they are going to be sorely mistaken. do oversight but also focus on the issues that got you into office in the first place. neil: i take it from what you're saying, sean, this push that some of your old colleagues have about going after joe biden, leading impeachment hearings, even kevin mccarthy was poo-pooing that, where are you on that? >> listen i think what you will see using money, using the power of the purse to get some reform from this administration. getting compliance with oversight i think that is really important but i don't, i think they will look forward. if you have some egregious act from joe biden they might look at impeachment, but i don't
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think impeachment helps the economics, doesn't help the crime. doesn't help the border. i think if you focus on those things you can actually win elections moving forward. that doesn't mean you can't look at joe biden what he is doing but focus on the core issues that got you there, that will make your country better and stronger. as republicans listen i believe in economic growth. i'm a supply-sider. i'm is supply side guy. work on the supply side of the economy so you don't have to crush the demand side. they do those things, economy comes back, they will be in good shape. once, republicans neil, i think they win the house, not so sure on the senate, i think 51 seat majority. all of setten republicans own the economy as well. there is joint ownership between joe biden at a republican congress, if you don't start to fix it, it might be joe biden and democrats fault, you will be blamed for it because you're in power not making better. i love having you on, sean, your take on president trump's
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remarks about ron desanctimonious. doesn't follow up. he got has tiechastized by many in the party. your thoughts? >> listen the governor, desantis has not paid homage to the president. hasn't said listen i have will back out if you run. looks like ron desantis may run. donald trump says i will give you a little taste what you get if you decide to run against me. think twice, just a little bit, neil. people love or hate donald trump but one thing he is really good at, i can remember the name, won't repeat it marco rubio and ted cruz and jeb bush. he is really good at this. i don't think ron desantis has any ability to play that kind of a game with donald trump and again, he is making them think twice before he makes a decision about getting into the race for the presidency. neil: i'm trying to come up with a name for you. >> i do a lot of pointing here, neil. sorry. neil: thank you, my friend. we got the, something sean says
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♪. neil: all right, you think of all the seats up for grabs including the entire u.s. house of representatives, a third of the u.s. senate, a third of the nation's governors. of course you have a situation where there are a lot of drama plays going on including the state of texas with beto o'rourke trying to close a deal that was denied him four years ago but he faces a world of political hurt. we're on top of that and anything but a world of hurt for the corner of wall and broad. as stocks zoom on the midterm election day. stay with us. you're watching fox business.
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midterm election results that seem to go according to consensus actually a little better than the financial community thought. with all this craziness going on today, stocks were up over 545 points. we're about 1500 points off the lows established more than a week 1/2 ago. remember watching fbn those midterm nights we were going to the wall late into the night. one thing we remembered then, we're focused what happens now, whether a divided government will be the magic elixer it tends to be for the markets where you have the white house under one party's control, the house or senate under one party's control. by and large it works for stocks. how long it can work for stocks is anyone guess but a great student of political and market history, john lonski, through the cycle founder and ceo. john, you and i known each other many decades. you're not aging but i am and one thing i noticed the party in pow invariably gets arrogant,
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overtheir skis. for republicans if they have a good night, i think you were saying during the break they will have a good night, what's the message? >> the message is to proceed cautiously, to listen to your constituents, as far as what they're interested in and don't do anything to harm the economy. don't do anything to contribute to this very divisive country that we had today, very well-divided country. i think that is the message. neil: also don't get a tin ear. the rap against this president, maybe that is what hurt democrats in general or both together, is they're not hearing or relating to the concerns average americans have about runaway inflation, it is dismissed about crime. it is all made up. that gets old. >> it does and you know, we find that with even with donald trump, people like his arrogance but i think for the most part voters have gotten tired of that.
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so it behooves -- neil: but maybe not, right? do you think within the republican party still very inviting figure and that he is the guy to beat? >> i think there is a dwindling number of people that view that type of behavior postively. i think it is a declining number. i think it is important for the republican party to tell the american people like it is, to be honest and forthright with them. to make it known that we really can't afford much in terms of additional government spending, additional government debt. that if we proceed with more regulations for the economy we're likely to pay a price in terms of slower growth and higher inflation and of course of added importance is to avoid tax hikes if at all possible. neil: john, let me ask you, i know wall street likes divided government, nothing gets done but you just referred to debt and deficits, all that stuff,
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i'm just wondering we have to do something about that. we can't keep kicking the can down the road. is this a case where whatever wall street likes we might want to think of trying to get something done on that? >> that would be a great idea. i think the -- neil: then i wake up. >> you have to go ahead to try to curb the growth of government spending in some manner. neil: yeah. >> i mean for one thing for social security you might decide to increase the retirement age, eligibility for social security. not for people about to retire. neil: do it a year after i retire. >> people like 20, 30 years old day, these are tough decisions. >> that is a tough decision. neil: john, you're the best, my friend john lonski, always a calm, soothing force for all the years i've known him which sort of seems odd today. it is still possible. we have the dow up 500 points. they probably heard john. more after this. d of the things that matter to you most. i promise to bring you advice that fits your values.
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