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stststting to gaspspspor jususua littleleleit mr r r weee kicke e e nal l l urtrade.e.e. all l l ur othe mamamar avereres sdaq, , , ich hahahad beenenenp w loststst all o o of ththth a r p p pnts, strtrtrgling t t to a a ave watererer. the e e w anthe s&s&s&p ststston tracacacfor a a a ird straayayay sults theheheid-tererermrs s s tititis whicicicanyonetototo e just too close to call.arat ev so let's take you live to the ballot boxes around the nation. here is one you're looking live at voting in las vegas, nevada which is one of the four states where senate battles are neck and neck. the latest polls show though republicans are likely to take control of the house of representatives but yes, the senate is still a big question mark. to arizona, this is another big senate fight, as voters pencil in their votes in phoenix, even if democrats were to maintain control of the senate, the

outcome would result in a divided government, and that may , in part, be the propelant pushing at least the dow and the s&p higher. d.c. gridlock generally means no changes to big ticket items like tax or spending bills or major regulations, but no doubt , the scale is temperatur ing toward republicans this time around. why? well, based on the current state of the u.s. economy, namely stubborn inflation, voters at the polls ink across nation are likely to turn their backs on democrats this time. headlines ink across nation, screaming about the pocketbook issues swaying voters. npr saying "inflation will be a top issue on election day 2022". bloomberg's headline, economy and inflation dominate mid-terms , as republicans eye congress and then the washington post, how bad inflation maybe for democrats, historically speaking. we've got team fox business coverage of democracy 2022 in action, madison alworth

in bedford, new york, dianne swa nk is in chicago and slatestone wealth kenny polcari in nashville. the crushing cost of everyday needs no more apparent than the aisles of america's grocery stores where madison alworth is and she is in the grocery store in upstate new york talking to voters i would imagine but also giving us some context about how important this is to voters. reporter: hey, liz, yes, you know, so many of the people that have been coming through this grocery store they have their "i voted" stickers proudly on their shirts. they say that inflation is their top concern. take a listen. >> you try to get to sleep at night without, you know, dollar signs running through your head and thinking about what the next few months are going to be. you're obviously a lot more diligent about savings and it's a state of mind and that's not a fun place to be. >> i think people feel that there's time for change. things are just too much out of

whack. reporter: inflation is persuasive. it's everywhere you go. that's why some democrat candidates are acknowledging the issue, but it hasn't all gone over well. we are in democratic congressional campaign committee chair rep shawn maloney's district because he's under fire for saying his family be eating chef boy ardee when squeezed by inflation and declaring that's what families do in times of financial hardship, but unfortunately rep maloney's pasta plan is not as budget friendly anymore. super supermarkets in the congressman's own state say the price is up 54% from cost from just last year leaving voters frustrated. they feel the representative is downplaying the economic reality for american families struggling to get by. >> mr. maloney is probably partially to blame for all of the inflation with his friend kathy hochul. they are very much to blame for the higher inflation, which did not exist before, although

they like to claim it did. it didn't. reporter: right, so you see it in the headlines and you hear it from the voters that are very much going to the polls and then going about their everyday life. inflation is not something they can escape. we're not going to get the latest read on inflation until thursday, liz, but anyone is shopping at a store like this can see it's still very high and that is why it is a high, top priority on voters minds today. liz: consumer price index number for the month of october is going to be one of the most watched data points of the entire year. madison thank you. folks, note the green on the screen. we do have at least for the second the nasdaq has punched back into positive territory up 22 points we've got the dow jones industrials up 301 by the way, the dow had been higher by 528 points, so it is paired some gains, that was the session high. we are just looking at about 300 points i'm looking at the second -by-second because it is a bit of a horse race here. s&p and the nasdaq swinging between gains and losses in just

the last few minutes. the bulls are feeling the election day excitement though. mixed with some jitters over the last three sessions, the dow alone has tacked on a combined more than 1,000 points and is up 16% from the bear market low hit back on i think it was septembe? dow members mcdonald's, amgen, and merck hitting all-time highs today. amgen's promising pipeline by the way including what's rumored to eventually become a blockbuster anti-obesity drug has the pharma company topping the blue chips with a gain of $ 13.81 to $290 and change. the nasdaq? well let's call it flatlining at this hour. it's notable that nasdaq listed solar stocks are going absolutely airborne. major revenue beats from solar and sun power are powering alternative energy names. look at n-phase up 4% but then solar edge up 17% nice move for sun power of 9% and then you can see the rest all in the

green, but no doubt about it we are looking at an absolutely disastrous day for crypto. bitcoin is falling right now, and is below 19,000. in fact it's just 304 bucks above 18,000 at the moment. ethererum plunging about 245 bucks, litecoin is down as well. this on news that crypto billionaire sam bankman freed been forced to sell his ftx exchange to by than after being hit with a liquidity crisis. every stock in the space is cratering. coming up brock pierce and perry perrianne boring are going to delve into the damage this might have done into the entire space. we can't ignore the 10 year yield falling for the first time in five sessions flat at the moment at 4.13% the two year which hit a high yesterday, 15 year high of 4.7%, is now at 4.66%, and yes, the fed funds

futures are maneuvering at the moment. they now favor a 50 basis point rate hike in december over a 75 basis point hike but in the short-term, as the next 36 hours come about, there is no doubt the mid-term elections hold serious sway over the stock market. in fact since 1950, the s&p 500 has outperformed on a 52 week basis when there is a divided government. the s&p has climbed 17.5% in those years versus an overall average annual return of 12.3%. hey, you know what? i'd take either of those numbers really. depending on the outcome, how will the investment landscape change for you and your money? to the floor show joining me now , kpmg chief economist dianne swank, and our lovely trader kenny polcari. dianne i'll tackle with you first what's going on. help investors watching right now who want to gain how the outcome will effect their portfolio in a potentially

gridlocked world. >> well, the issue is less the gridlock and what the federal reserve is going to do and the federal reserve made it very clear that you don't want to go against the fed and the fed has now made it clear they are willing to raise unemployment to get this inflation down. that means a recession. it's possible we avoid a recession but not probable, and that's going to hit earnings as well. i think one of the things that we've gotten so accustomed to is the world pre-pandemic was a very slow-moving world with near -zero interest rates for a very long time, in stepid if discernible inflation. now we have a world that's not only more volatile, more uncertain but likely to be more boom-bust inflation prone than the world which we loved which means even after we get through the recession it's not going to eradicate the problems we have in our labor markets, that we have an aging labor force and a shortage of younger workers . it's not going to eradicate the

extreme climate events that disrupted supply chains or the geopolitical risk, the trifecta of geopolitical, climate, and aging demographics are all going to make the environment post the pandemic much more inflation -prone and interest rates punctuated by higher inflation, higher interest rates so i think that's really important to understand. the other issue is that the fed is walking a very fine line here they have committed to raising unemployment if necessary to derail inflation. that is, they don't want to trigger a financial crisis but one of the things i worry about is some of the threats of things like defaulting on our debt, not raising the debt ceiling. we've already seen how close the uk came to melting down financially. we don't want to repeat that here in this environment right now. liz: yeah, we do not. there are some republicans who

may hold the debt ceiling hostage. that be extraordinarily worrisome, would it nod, dianne, and to the recession point, the question is even more pressing at the moment. we're getting a headline from federal express right now and in essence, fedex is saying that they are going to at least the chief financial officer, cut flights, park planes, and as demand drops, they are going to take some more serious measures. the stock right now just dipped into negative territory after having been hitting about i want to say 163. it's at 159 and change at the moment. how deep would the recession be as we start to get more and more of these types of headlines, dianne? >> well it's a really important issue and it's one that's still not clear, because of the incredible staffing shortages. we continue to see out there, but you are seeing early signs of those companies that were extreme winners from the pandemic-induced bubble and that's not just stimulus. it was a lot of us spent a lot

of money on our homes and to seek more space in response to being quarantined and we spent on a lot of stuff we no longer need or want. all of that is now coming back to haunt us. we're seeing, you know, big online retailers having hiring freezes before the beginning of the holiday season. something you just wouldn't see unless we are bracing for a recession and i think that's what we're starting to see is not only the demand for jobs going to be hit. it's still very very high, at the end of september, it was still over 50% what it was in february 2020 and new job openings, but we're also going to see the supply of workers have to come up to better align supply and demand so we can have wage gains that out pace inflation instead of wage gains that continually chase inflation which is why so many consumers feel like we're in a recession, but they are actually losing ground even though we have this incredibly low unemployment rate. liz: indeed, incredibly low, and that becomes the issue. we don't have a jobs recession

that's for sure. kenny polcari i want to bring you into the conversation. boy this is one jittery market now you have the s&p and the nasdaq back in positive territory. like i said at the top of the show folks you need to stay with us this whole final hour, because so many headlines are going to be popping up as we are in the thick of the mid-term elections. we also have disney reporting after the bell. some of the bigger names, amc is coming out too so kenny, it's almost like you need the dr. s eusse eyes one going this way, one going that way, talk to us about what you as a trader are looking at the moment trying to focus upon. >> listen, i think today and actually probably the rest of the week quite honestly is going to be about what's happening, the elections, are we going to get results, are we going to know where we're going by tomorrow or friday or is it dragged out for weeks to come. i think that's some of the concern, but i do think what the market is telling you is that it is expecting a split congress, which i actually think is the best outcome, right? i don't think that the republicans should take complete control because you have a democratic president and

a republican congress, you have absolutely nothing done. if you have a split congress it's going to force them, the majority to come to the center and eliminate the far right and far left, push them out and let the majority kind of rule and come around the center which is where i think the country is. liz: absolutely. >> and that's what the market is telling you in terms of what it expects out of this election. liz: okay, but looking at the market action, and knowing that the house will most likely go to the republicans, is there one particular sector, or should investors be really cautious here and not sit there and go oh , i'm going to pile in because the republicans will do great things. who knows there maybe a sell on the news-kind of situation. >> there might be a sell on the news but if that's the case it'll be short-term but i don't think that's the case. there will be a continued rally and then i think you have to start to think about names that'll benefit defense names not defensive so much. you should still hold those but i'm talking about defense names. oil service names. they will be names that and they

are already starting to move, you'll see oil service stocks already started to move higher and defense names are starting to move higher because they will be supported by republicans in congress. liz: yeah, but, but, hold on. >> those are two sectors. liz: if we drill more, guys we'll have more supply, price goes down and that hits earnings dianne quickly before we go housing. how will the homebuilders do if there is some type of gridlock in what we see as a potential here in congress. >> actually, i'm releasing calling pandemic-induced bubble and the housing bubble is one of the biggest ones out there. what's amazing to see is how much builders are seeing all that backlog disappear as people cancel homes that they wanted to build, even walking away from down payments. this is a housing recession already. the question is how fast it spreads to the rest of the consumer an the rest of the economy. liz: dianne swonk, kenny polcari

, later on we'll dig into the key races and balance of the power and the senate. how it's going to effect big tech healthcare, and so much more. and breaking news, crypto collapsing at this hour as one of the world's biggest exchanges nearly drowns. binance announcing it'll be buying the ftx exchange after f tx buckled under a liquidity crisis. billionaire brock pierce one of the earliest bitcoin believers along with digital commerce expert perrianne boring up next, and the combo of the two of the biggest trading platforms means to the crypto verse. closing bell 45 minutes away. we do have the dow up 316. we are coming right back the "clayman countdown" is all over this market, and the big stories driving it, next.

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liz: folks, at this hour, we are starting to get an explanation from the founder of crypto exchange ftx about how in a matter of just 72 hours, a mass liquidity crisis hit the site forcing him to agree to sell his exchange to competitor binance. reuters is now reporting that in a message to staff, ftx ceo sam bankman-fried said in the three- daytimeframe, more than $6 billion of withdrawals were made on the exchange. currently withdrawals at ftx.com are "effectively paused" but bankman-fried says the issue be resolved in"the near future" so in the minutes after the news broke, today, about the world's largest crypto exchange buying bankman-fried's non-u.s. unit ft x.com cryptos did buoy backup but bitcoin has since tumbled and is down about $2,421 per coin to 18, 175, and

meanwhile, a lot of this circled around ftx's token, the ftt coin that continues to spiral down more than 75% the lowest since january of last year. with what this deal means for the entire crypto space, we bring in our panel, bitcoin foundation chairman brock pierce and chamber of digital commerce founder perrianne boring. brock, right off the bat. just earlier this year, we started to feel the breeze so to speak, the winter breeze that sam bankman-fried had positioned himself for and he would scoop up or be the lender of last resort for all the troubled area now he finds himself seriously troubled. what do you make of this? >> wow, that's likely the cause of everything that's been happening here. this was a white knight approach coming in kind of saving all of these failing businesses and it appears that he may have bitten off more than he can chew. i think the message though of what we seen happen here really started out a week ago. coin desk, an industry media

outlet and michael casey broke the news of outlet media research which is the basically the market-making arm of ftx, where their balance sheet was exposed to the press showing that they had $14 billion of assets, though most of that was in the ftt and solana token and only a few hundred million dollars of cash and for those paying attention that was really the queue that led to this run on the bank. liz: well, perrianne, what brock just discussed, the run on the bank so to speak, this makes people out there who are anti- crypto say see? see? what did i tell you this is a disaster or who knows what they think. what is your assessment if binance owns ftx exchange, that arm of it, what does that say about who really controls what's going on in crypto and can you trust it? >> well this is all natural. this is nothing to be scared about. this is how new technology echosystems work and all new

technologies go through this it's called the shakeout phase. we saw this in the late 1800s with railroad manufactures, we had hundreds of them that consolidated. we saw that later on with car manufactures, lots of manufactures, there's only a handful today that oversee the majority of the industry. we saw this with pc's, with mobile phones, we saw this with bitcoin mining. there's been significant consolidation in bitcoin mining in the past 14 years, and now we're seeing this with crypto exchanges. again, it's nothing to be scared about. when we go through what we call crypto winners, companies balance sheets are going to be pressure tested and stress tested, and ftx unfortunately didn't pass their most recent test. it's unfortunate because they were doing a lot of good work. they have been very active in public policymaking. it's really good to have industry ceo's in washington helping our policy makers come forward with the best path forward in terms of regulatory

considerations but i think the industry is going to come out stronger for this. companies, the strongest companies with the best balance sheets with the best risk management strategies and the best business strategies, they're going to lead us to the next phase of adoption. liz: well that's the problem. people thought he had, you know, one of the best strategies. in fact, brock, i just, i've had this on my desk for a while because i cover warren buffett pretty extensively, and you always want to be careful when they say "the next warren buffett." fortune magazine putting him on the cover he's 30 years old, he has become a billionaire, but give me your assessment as somebody who did really well in bitcoin. this can't cast a very positive light on cryptocurrency when something like this can go so close to going under in just a matter of 72 hours. >> right. this is definitely not a positive development for the industry but as perrianne said, i think it is good for us in the long term.

this is a natural cycle of shaking out the weaker hands that didn't manage all the things that she stated, but definitely not a good day and but i also think this is an aftershock of what we saw happen with tera luna, and a number of the businesses that imploded in the previous cycle. this is still connected to all of that. he picked up a lot of debt trying to save these failing businesses and as he was reaching to pull people out of the quicksand, it appears he may have gotten pulled in himself. liz: perrianne right before we go, yes or no. does this embolden regulators who don't like crypto? >> i mean, it could. there's always a reaction any time something bad happens in the market, but policy makers are committed to getting this right and we're encouraging them to be thoughtful in the way -- liz: perrianne boring, brock pierce, thank you both for weigh ing in here. we are coming right back, dow jones industrials up 335 right now, stay tuned.

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lyft shares plummeting to a new record low at this hour. shares are down 23% after the ridesharing company wiffed on a key metric. not only did revenue fall short of expectations but active rider s on lyft's platform grew by just 7.2% in the third quarter, the slowest pace this year below estimates. even though the nation has reopened the number of people using lyft service is still heon f dc m toly this 10.62 there you go. rival uber on the other hand posting a 22% surge inactive consumers during the latest quarter, bouncing back to pre- pandemic levels. this is fueling fears that uber is eating into lyft's market share more than a dozen analysts slashed their price targets on lyft but uber is getting caught

just about half a percent. we're looking at a smoother ride for norwegian cruise line holdings the stock is up 4% sailing toward a six-month high. norwegian reporting better-than-expected quarterly revenue, and narrowing losses as travel demand bounces back post-covid. norwegian noting that inflation has cut into discretionary spending, but the cruise lines still posted a better-than-expected 14% rise in revenue per-passenger cruise day norwegian says it's starting to see some moderation in hyper- inflation, especially in food costs, and is optimistic about next year. ceo frank delrio saying 2023 is ok aoric" s's mthr shlln om weye before the pandem. trip advisor taking a trip and face planting, down 16.5% after the company missed on quarterly profits, and forecast revenue

slowdown for the current quarter the online travel company saying currency fluctuations had a meaningfully negative impact on revenue. take two, the company behind grand theft auto, red dead and nba 2k hitting a three and a half year low after the video game publisher cut its full year sales forecast. the ceo stating the forecast " reflects shifts in pipeline, fluctuations and yes, foreign exchange rates and a more cautious view of the current macroeconomic backdrop." the $12.7 billion acquisition of mobile gaming company zenga complicated its outlook of mobile in-game purchases and the grand theft auto franchise is a reason to remain positive about the stock. investors not buying that. they are fleeing and the stock is down 12.5% at this hour. so, yes, the senate's balance of power at stake in today's mid-term elections. you've got oz vs. fetterman,

warnock versus walker. we're going to echosystem which in on "the four" key senate races and talk to ceo jason tren nert, about what a divided government means to all nesttb ld yctors and their s deioowor ae,o rur,inng jueyedmas o- of foofh mey p ox advisors and the author of nine investment books this weeks everyone talks to liz podcast that just dropped download it on apple, google, spotify, anywhere you listen what's really crucial about this story again ted grew up so poor and realized that in this great country, you work and

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liz: so we've got cameras all over the country right now, and this is one that's in pennsylvania. live picture of people waiting to vote here. voters in philadelphia have fewer than five hours remaining to cast their ballots and then you've got voters in georgia just four hours left to cast their vote. the house if you believe the polls will likely come under republican control after today's mid-term elections, but the balance of power in the senate will come down to four, just four key races. the democrats need to win three

of the four to retain control, but the gop can seize power with just two wins. republican candidate dr. mehmet oz casting his vote in huntington valley, pennsylvania this morning. he's in a pitch battle with democratic candidate john fetterman. fetterman voted in p.i.t. pittsburgh today. the senate race coming down to the wire between senator raphael warnock and herschel walker and then in nevada democratic senator katherine cortez trying to hold off gop candidate adam laxalt and state number four, democratic senator mark kelly in a toss-up battle with republican blake masters. fox business kelly o'grady is there live in phoenix with more on which top issues are weighing on the ballot box in arizona. kelly? reporter: happy election day to you, liz. we're here at maricopa county, in arizona over 60% of the

electorate resides here so it's a big one to take the win. polls have been open for eight hours but the big thing that gets folks through the doors is inflation, and that's because phoenix is experiencing the worst in the country. cpi data showing average for u.s. city was 8.3% in august , and phoenix topped that at 13%. now, back out here live since we've been on the ground we're talking to folks and they are sharing countless stories of deciding to paying for gas, groceries, rent and we pressed the candidates on whether they could see economic relief if they elect them, like masters tells us it's a white house problem. >> inflation came from joe biden's white house, from biden 's policies mark kelly rubber stamped. they surrendered our energy independence. reporter: democratic incumbent mark kelly pushing back, playing the blame game with oil companies. cohirtfoticroileasva i i heisn.e gacos,y

arinaking advantage of these leases. reporter: now what comes next, polls close at 9:00 p.m. eastern , the first update we can expect will be released at 11 p.m. eastern. we could be waiting until friday for the full picture but liz, you know, 26% of voters said inflation is their top issue so we'll see how that impacts the polls. liz: right now it's pocketbook over policy, kelly, thank you very much. jason trenner is founder and chairman of stratega securities, eager to know what happens inside the beltway and how it effects investment strategy. two scenarios obviously. one in which democrats hold on to the senate but sorry, hold on to the senate but lose the house , and then of course, the other one is that they lose both. what's your prediction here? >> our team thinks the chances are about 70%, that the republicans take the senate and at 90% that they take the house, so our odds on favor

ed is republicans controlling both houses of congress, and i would say that directionally that's a certainly a good thing for the markets, but probably won't change a lot but i think for a lot of our clients, what it signifies is what's coming in 2024 and that's i think a lot of more sophisticated clients are thinking really looking at what's happening this evening as some sort of prognostication as to what will happen now. liz: in your scenario let's talk about certain sectors that would obviously be heavily influenced by a republican control of congress. number one, everybody, it's an obvious one, says energy. the republicans would like to drill. they would like to have way more state-side production. is that what you predict? >> not really. because i would say the hard part is really for my perspective, from a policy perspective, is that you still have president biden there and i would say it's very unlikely from what i've seen that president biden would pull bill

clinton and triangulate his policies towards the center. it's possible, but largely, in my opinion, it's going to be difficult to get pipelines passed. there's going to be difficult for the administration to offer a lot more in terms of drill leases, and so i think unfortunately, we're going to continue with almost the self- imposed lockdown of our own energy industry and that will mean the prices will stay higher. it's good for the stocks but not great for people. liz: gasoline prices have come down from of course the highs during the invasion of ukraine by russia, but if we look and see where they are now compared to where they were a year ago, they are still rather high, so when you talk about the in if grated oil, chevron, exxon-mobile, you know, you would imagine that maybe some of the drillers or the refiners may certainly be doing better today. we've got $3.80 per gallon the national average a year ago it was 3.42. let's shift to a change in the balance of power having

implications for healthcare whether that's drug costs, insurance, affordability, this could be very very pronounced. >> certainly. what you're hoping, you know, personnel is policy, and again, when it comes to regulatory point of view, the administration still has control of the regulatory apparatus but i do think people will start to get more bullish on healthcare partly just because they are more concerned about the overall economy. i think the best thing you can say is in this scenario that we're painting, probably the best news is is is that an about sense of bad things that can happen, the good things could happen perhaps in two years if republicans were to take congress, but we like healthcare. we're quite cautious on the rest of the market. liz: well you know what was popular, certainly, was what the democrats did where they cap ped the price of prescription drugs for seniors at $2,000. marco rubio, the republican along with mike lee, i know rubi

o gets a lot of money from the pharmaceutical industry , both floated this bill that would overturn that. the popularity of overturning something like that? >> it be pretty high, but then it would still have to, it would still have to pass president biden would still have to sign it. so that's the hard part, liz. liz: why do you think it be popular because i think people liked that they would pay less to big pharma. >> i think so but there are obviously other arguments on the other side. i'm not particularly fond of fixing prices. i don't think it leads to greater innovation and it tends to lead to shortages. i can see how it be popular but a lot of things are popular that aren't necessarily great policy. liz: big tech both sides of the aisle have come out swinging really against big tech. we're talking google and meta, microsoft, and of course, all of the other names in social media for different reasons though. republicans of course feel that the people who run most of the

social media companies have their thumb on the scale in favor of the democrats, they feel that they have been censored, republican voices have been censored, except that look what elon musk just put out on twitter. he just tweeted of course he's the new owner, he just tweeted, very specifically about this to independent-minded voters shared power has the worst excess of both parties therefore i recommend voting for a republican congress given that the presidency is democratic. i don't think that they are upset about that, but if one of the others came out and said something positive for the democrats, they would hate that, so of course, hypocrisy on both sides, but you know, do you worry or do you think about or game for your clients there maybe a forced breakup of big tech? >> i think one of the benefits that the technology sector has had is that until a couple years ago it was largely off the radar of regulators, and it was one of the , actually, if you look at amazon or if you look at google they have virtually no presence in washington.

amazon probably has more than a dozen lobbyists in washington right now and also of course owns the washington post, talking about buying the football team there. everyone is playing the game now and in my opinion, it's introducing risk into a sector that didn't have a lot of political risk, by being so political in my view, and so i'm not so sure a democratic administration or the ftc will do it but somebody will do it sooner or later and i think we're not even talking about the potential harm or harm that i think it has on human beings particularly children, so there are political reasons to maybe look at breaking them up but also mental health reasons, other reasons that these companies perhaps should be more regulated. liz: well yeah, and then talk about the union issue both amazon and starbucks have had some pretty dramatic moments in the past year and a half where unions have wanted to at least unionize the warehouses et cetera, or the baristas have gotten together.

which side do you feel the unions really adhere to? >> well, i mean, it's obviously very traditionally democratic unions but they are actually more private sector union members, public sector union members now, teachers, firemen, cops, than there are public sector, private sector unions and so certainly, the public sector unions are much more aligned with the democrats. the private sector unions maybe a little bit different, i think, but listen, right now, the balance in power is moving more towards labor away from corporations in my opinion. liz: jason great to have your perspective, jason trennert, be sure to keep it here for special fox business coverage of the mid-terms tonight. bret baier, martha maccallum will have the drama from the ballot boxes to the victory speeches, and it all begins 6:00 p.m. eastern. up 416. of the things that matter to you most. i promise to bring you advice that fits your values.

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♪. liz: what do you guys think this means? look at the sky over las vegas. it has suddenly darkened. is that pour tending something? never mind. that is the ballot box polling place in vegas and you can see some people gathering here. we do of course know that nevada is a key battleground state.

yes, the breeze is picking up a bit. closing bell, four minutes away. the dow by the way on track for the highest close since august 25th. it is up about 350 points. 33,177. russell is kind of flat. nasdaq up 56, the s&p up 23. we should look at lyft. boy, is it under pressure even in the final minutes of trade, still down 23% because of course they came in with a big miss. the worries are that they do not have enough people on their platform hailing rides. well, our "countdown" closer says he isnge ll g irsstn.toegpo th cive ny yiksebeitnorempy owdilialck.upm isy eeow

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osghua ststceet stash ded os imu sto wcallw,r batme ce inth sco aisz:t ce otf th t nasdaq, the s&p. tony, great to have you on this day of the midterm elections. it looks like, yes, the major averages will post gains here ahead of the midterm vote results. [closing bell rings] by the way tomorrow affirm's max legend is going to join us. he has got his finger on the pulse of consumers and what they're buying right now. have a great day. "kudlow"'s next. ♪. larry: hello, folks, welcome to "kudlow," i'm larry kudlow.