>> from the fox studio in new york city, this is "maria bartiromo wall street".

>> happy weekend to all, welcome to the program that utilizes the week that was in position to for the week ahead. i am maria bartiromo about accomplice in the final days before the historic presidential election kamala harris and trump making the last economic pitches to the crucial voters. >> are you better off now then you were four years ago? i have come here today with a message of hope for all americans, with your vote in the selection i will and inflation, this is all that you need to know, that harris broke it and i'll fix it very quickly. on day one i will sign an executive order directing every federal agency to immediately remove every single burdensome regulation driving up the cost of goods. >> i will give a middle-class tax cut to over 100 million americans, i will enact the first ever federal ban on

corporate price gouging on groceries. i will fight to make sure that hard-working americans can actually afford a place to live. maria: economy remains the top issue as prices remain high and inflation under the biden harris administration is up 20% or more in the key swing states. bank of america institute data shows more americans are living paycheck to paycheck than five years ago. joy to be trump campaign senior economic advisor steve moore and obama obama fox news contributor robert wolf. great to see you both, thank you for being here. let me kick things off with you, what is the final pitch from kalama harris campaign about the economy. >> i think if you listen to the vice president, she is talking about the opportunity economy if you look into the four-quadrant

is making sure that people have healthcare and can afford it and obvious is the reduction insulin was a big plus it is childcare and extended the child care tax credit and giving newborn 6000, it is rebuilding the housing. hopefully getting millions of housing with the private sector of new homes and the third has to do is obviously trying to get prices to continue to come down although prices are high, the rate of inflation is down below pandemic levels below 2.1%. i think even the wall street journal to quote gray get next president and here's a remarkable economy. there is certainly things that we need to improve on but i would say the economy has been quite strong, we need to continue it. maria: the reason i ask you you articulated that very well, we don't hear kalama harris articulated in very well at all she has not articulated the plan to get prices down, steve moore,

robert mentions the journal article on friday, we were talking about the on friday and everything is a remarkable that is not how the average person sees it. you have three quarters of the country saying things are too expensive it is cutting into their wages. it may look like a remarkable economy but that i don't think is how voters are seeing things, what about you. >> this is a disconnect happening between the baubles of washington, d.c. and wall street versus main street america where you have people in washington and the media like greg epps saying everything is wonderful with academy and you asked the average american with two thirds to three quarters saying my finances are going in the wrong direction in the country is going in the wrong direction that's not a strong sign. if you wrote that piece a few hours before we got the jobs report on friday showing the worst jobs report that we had three and a half years.

i think you have to clear choices. i've been involved in politics for 40 years and i've never seen two candidates that stand for completely diametrically opposite views of what to do about the economy. maria: is also the op-ed this weekend, granted this is from the former speechwriter of ronald reagan but he writes the three reasons that harris will lose the election and one of the reasons is a historic democrat voting block will dessert her and margins the polls have not anticipated, hundreds of thousands of traditional democratic came of age in postwar america cannot visualize ms. harris walking in the footsteps of the party leaders who preceded her, franklin eleanor roosevelt or harry truman. your reaction. >> the wall street journal has had a lot of different opinions. they also had an opinion piece after president trump informer president trump gave his thing on manufacturing.

i think they call them a deer in headlights and they said the same time kamala harris was much friendly to business. let's look at the facts. maria: she was 25% on unrealized gain. you want to do 25% on unrealized gain, that's not very friendly to business in a quarterly tax rate of 28%. >> i go through the taxing. first of all i do not support unrealized gain or a wealth tax i have not changed where i stand as a capitalist and i also said to steve when we have the trump tax cuts that they would not pay for themselves a balloon the deficit bigger than ever, gdp would reach 5% and it never reached 3%. i think the economy is strong i'm not ringing the bell and saying hallelujah. as you said at the beginning prices are still up 20%. we absolutely have to attack that first and foremost.

>> that as well as the runaway spending and the debt and deficit. you mentioned earlier, elon musk said he would like to cut tutoring and dollars in government waste if he would become part of trump's team in the white house, his mother had this to say on fox business this week. watch this. >> more than 2 trillion i think he was being modest and look what he's done with the x, it's incredible. >> she is talking about cutting waste and president trump told me in an interview a few weeks ago that he is going to create a new position for elon musk and that is secretary of cost-cutting then there is john false income a lot of talk and a lot of sources that he is a senior person in terms of trump's mine to become treasury secretary. he told me he will work with elon musk to cut government spending particularly green

energy subsidy from the inflation act. is all of this going to be enough to move the needle on debt and deficit? >> it is 2 trillion is pretty high and i think you can cut $1 trillion of waste and inefficiency and i will agree with robert even under trump we did not do nearly enough to cut out the wasteful government spending but you could do it and americans would not miss this, i believe the top priority for our country right now economically and we talked about this so many times, we have a government that is out of control in terms of regulation or spending it is that and you have to bring that in. one way of doing that is through the efficiency commission. >> let me respond quickly about the paulson in musk. 2 trillion is a fictitious number, sounds great.

to steve's point i don't know where they're coming up with a number. our total annual expenses is 6 trillion, 2.8 try get is mandatory. unless a cutting social security, medicare and medicaid i don't know where that's coming from. about 1.7 trillion is discretionary. half of that is military. i see military spending going up not down high don't know where the cutting and from then you're down to 800 trillion, then you're down to 800 trillion which includes veteran and fears and child tax cuts. i don't know where the 2 trillion. the last 800 million is interest income which steve and i are say the amount of debt is way too high, the 2 trillion, believe me elon musk is brilliant and john paulson has been successful but that is like throwing darts at a board. i don't think that's been a thoughtful plan.

maria: let's talk about the jobs numbers that came out on friday they were way weaker than expected, 12000 jobs added to the economy in the month of october, far fewer than the expectation which recalled for 113,000 the lowest level since december of 2020 during the pandemic. we also had revisions that show 112,000 fewer jobs over the past two months than previously reported. part of this was a hurricane, part of it was the strikes but how do you talk around this number? >> i think the number was abysmal and obviously hurricane helene and hurricane milton and boeing will lead to 100,000 and you have a revision for november on this definitely but it gives the fed up has to do another quarter-point and there's no going around that the labor force is starting to weaken. final word, steve moore. >> we lost 100,000 jobs for

manufacturing construction business services the core elements of the economy where we make things and where do we see the growth in employment and government, with fishing for government and we have to increase her private sector and trump will do that. maria: we will leave it there. a great conversation we appreciate you both, thank you very much robert wolf and steve moore a wild and busy week for markets including the disappointing jobs report, it is not slowing down next week, david bahnsen is here ♪ when you're a small business owner, your to-do list can be...a lot. ♪ [ cellphone whooshes ] [ sighs ] that's why progressive makes it easy to save with a commercial auto quote online so you can take on all your others to-dos. already did. see if you could save at progressivecommercial.com.

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expected partly obviously due to the strikes and the hurricane that we all endured in october, your reaction. >> it forced me a long time ago to take rolling three month averages because it is a tendency to get bumpy sometimes on a highside. it's not sustainable in the lot site is subject to revisions and we use three-month running averages to smooth that out. obviously this is a very bad month and i suspect every three months it looks a little better but still slowing and that is the key. maria: what you see in the other part of the story, the inflation part of the story, the federal reserve is meeting next week after the election we have the next bed week, does a week job number like this get the fed to cut rates again after the election do you think and do you think that will be effective in raining and inflation. >> there is virtually one 100% chance that they will cut

another quarter-point in november previously markets thought it could be half a point, that is off the table n now. honestly i don't believe what the fed is doing with rates has much to do with inflation at all, the housing market is frozen in the area where inflation still exist is in housing because sellers are frozen and until rates come down counterintuitively you could not start seeing activity in housing. i alternately think that the fed is really cutting because they know we have way too much debt about to reset at higher rates so they're trying to get in front of the. the inflation issue is not a big story other than the embedded inflation from a couple of years ago. year-over-year is all about housing. maria: what do you think fixes the housing issue. >> i think when rates come lower, mortgage rates, sellers right now have a low rate on what their living in and lower inclined to sell to go to another house where they're not

going to want to pay 7% and a new home when they're paying 3% an old home, that is a counterintuitive thing that froze housing, sellers don't want to get rid of their lower mortgage even though the ready for a bigger better home. obviously the bigger issue is that were undersupplied, you have to get a lot more houses online but i don't think that is a fed issue and candidly i don't think it's a federal government issue. i think it stay in local we need more housing. maria: how do you want to allocate capital, obviously the week ahead you have the selection and a lot of betting going on on wall street and you have the federal reserve meeting the day after what are your thoughts and putting new money to work in stocks? >> were being really adamant with client that we have no interest in trading around the noise we think a lot of traders are going to be on the sidelines i've seen this presidential election after presidential election in my career managing money volatility will be

enhanced with a have a clear outcome or clear winner, see again that get sorted out one way or the other eventually, the valuation is very high index investors are buying a 37% the highest in history by far for the s&p 500 and ten companies. about 15%, two or three companies it's really concentrated with big tech names so we as dividend growth investors are much more value oriented finding great value in energy names consumer staples and free cash flow matters a lot to us it does not matter a lot and the s&p 500. >> that the narrow rally, it's great to get your insights we appreciate your time. thank you. >> thank you, david bahnsen joining us all eyes on the silver state do republicans have a shot in the state that has

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>> we are doing great in nevada. the fate of our nation is in your hands. it's a very big state for us. it's a very big state. i love it were leaving for the first time ever we are leading in early voting. >> i know the people of nevada, you are battle born, we have five days to get this done, five days and no one can sit on the sidelines. maria: could republicans win the jackpot in nevada, former president trump and vice president harris right there neck and neck in the key battleground state, nevada has

voted blue since 2008 by early voting has come out favorably for the gop so far. with a few days to go with the nevada republican reporting michael mcdonald, thank you very much for joining us. what can you tell us about early voting and how the republicans are doing so far. >> is a philosophy of susie wiles and they took the chains off of us and let us run our state when we thought we could accomplish the goal that they put in force, early voting is been turning out in different philosophies obviously president trump is an extremely popular in the state of nevada has been since 2016 and that with the policies putting forward has been very, very strong here in nevada and the goals were the ghana. what are the most important policies with the people nevada, what will they vote on? >> attacks on tip and the economy is big and touristy and we built the reputational of las vegas and the greatest place in

the world, when you start to see that creep up and when he talks about working men and women we talk about people that survive on tips. and he's transitioning to the unions. last night at the valley we attend the people that came out that were union members that cost over the coming forward because they believe what president trump has been talking about and his actions put more money in the pockets then kamala harris. and if you elect me and if you elect me she's been here for three and half years. she has done nothing. they all say if you could have you would've and it provided the president trump has done this in the past and it will provide for the future. maria: it's hard to get away from a record when you're the current leader in your same turn the page. i want to get your take on why the unions have actually figured this out and how, what did they see under the kamala harris joe biden presidency that struck

them so much to think we are actually not a beneficiary of the democrat party, what happened. >> we went right in there and we had great union leaders and talk to them, kamala harris she came out when we had no tax on tips and the president revealed in the state of nevada in the summertime she came on the heels and said no tax on tips, her own words goddard she was the deciding vote to put more irs agents to go after people that are in tips, or in joe biden have done the same thing since policies, actions speak louder than words, we showed them she may talk a good talk but her actions provide totally different for the working men and women i think president trump will sit down and say this is something where a tip is a gift you and i go out to dinner we have great service we give a tip, it's a gift rather than something that came across. it's common sense for the working men and women i'm a workingman and a blue-collar guy, i get it and everybody else that surrounds it in my economic base gets it.

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you help provide skills training and career placement. and the things you loved, start a new life too. maria: welcome back, companies may be bracing for tuesday as employee spent time taking care of business at the ballot box instead of office, american companies lost $3.6 billion in our productivity on election day, record early voting may lessen the impact with at least 63 million ballots already cast nationally in employees discussing the election time to

pursue clocks back on saturday night. we will have all of the election coverage on "mornings with maria" weekdays 6 - 9:00 a.m. eastern on fox business and a special programming note on fox business, "sunday morning futures" will be live at 10:00 a.m. eastern on fox business, we will not be on fox news, solely here on fox business and texas editor ted cruz and james comer and anna paulina luna and join us for the special interviews live on fox business. that will do it for us on this week and thank you for being with us on fox business. have a great rest of the weekend, get out and though and i will see you nex ♪ ♪ >> "barron's roundtable" sponsored by global x etf'