silver is at a ten year high. kootenay silver boast one of the largest resources owned by a junior company with a new high grade discovery in mexico. the potential for growth and leverage to silver is significant. kootenay silver. maria: i want to thank this incredible panel adam johnson? >> morning america, maria. maria: lee? >> it was a landslide. >> god bless america. maria: we'll leave it there have a great day, "varney" & company picks it up, stu take it away. stuart: see this smile? good morning, maria, and good morning, everyone. donald trump is the president-elect. he won the electoral college and the popular vote.

the gop has won, or is projected to win control of the senate. the house is still undecided but it's leaning strongly to the republicans. it's a huge trump win. it is a political realignment. the gop is now the party of the working class. the democrats are the party of the elites. harris underperformed with blacks and hispanics. that's compared to biden in 2020. republicans are stunned by the size of the win. democrats shocked and demoralized. okay, that politics. now look at the financial reaction. there is a huge rally in progress right now. look at the dow. maybe up 1,200 points at the opening bell, s&p up 119. the nasdaq is up 330 points, all of them 2% up for the dow, nearly 3%, s&p 2%, 1.6% for the nasdaq, big gain. and look at this. tesla, a big gain there. investors like elon musk's association with the president-elect. up 30 bucks that is 12%.

trump's win means no tax hikes on business, an end to kamala harris' war on corporate mergers and an end to at least some of the rules and regulations that hamstring innovation. all of this good news for stocks. good news for bitcoin too. earlier, it hit $75,000. right now it's 74 and change. trump is crypto friendly. harris, not so much. on the show today, we're waiting to hear from kamala harris. sshe would not come out to meet her supporters last night. we have yet to hear anything from president biden. so how did the democrats lose so badly? my opinion, they only have themselves to blame. it is wednesday, november 6, 2024. "varney" & company is about to begin. i feel nice, like sugar and

spice ♪ stuart: that was inevitable wasn't it? james brown "i feel good." >> a good producer back there. stuart: we certainly do, smart music. it's being called the greatest comeback of all-time. former president trump is the 47th president-elect of the united states making him the first president to serve two non-consecutive terms in the white house, and senator grover cleveland in 1892. trump secured more than 270 electoral votes flipping battlegrounds pennsylvania, georgia, wisconsin, flipped them red and he defended north carolina. listen to trump address his supporters earlier this morning. >> this is a movement like nobody's ever seen before. >> [applause] >> and frankly, this was, i believe, the greatest political movement of all-time. there's never been anything like this in this country. >> [applause] >> every single day, i will be fighting for you and with every

breath in my body. i will not rest until we have delivered the strong safe and prosperous america that our children deserve and that you deserve. this will truly be the golden age of america. that's what we have. >> [applause] stuart: and republicans predicted to flip the senate as well. they took at least three seats back. senator elect berkshire hathaway bernie moreno in west virginia, and senator john tester lost his re-election bid to tim sheehy in montana. the house, as we said, still undecided. ben domenech with me in new york. what say you? >> well i think that that's true, stuart but i think that there's a lot of blame to go around within that coalition. there are winners and losers. one thing that we can say clearly as a winner this time around is elon musk and i think that you have to also basically

give things to silicon valley in general. the fact what we saw is a displacement of the hollywood elite and everything that was associated with them because they were all line up entirely behind harris, with the leadership of silicon valley and the businessmen at the top of that game. they understood early on. it's one of the signals why jeff bezos made the decision he did but i also think when it comes to the democratic coalition the judgment calls they made, nancy pelosi, chuck schumer, everyone else who basically, you know, tried to shift joe biden out in the way that they did, they made a big bet and i'm not sure that you're seeing kind of senate results that we are looking at here, where not only are republicans going to take the senate but they may end up having much more sizable majority than we expected, if joe biden is still on that ticket. as bad of a candidate as he was, it turns out that she has almost no coat tails whatsoever. she's not been able to help democrats in so many of these key areas across the country. stuart: harris is expected to

give a concession speech later on today. it's at howard university. was it a bad look for her not to appear last night with her supporters? >> i think it was a terrible look and a very bad decision on her part. if she wants to have a future within this party and any kind of possibility at gaining the nomination again in the future i think she should have come out there and not had a repeat of the experience with hillary clinton where it was basically, you know, i'm too scared to go out there and say bad news to my supporters. even though the writing was on the wall. everybody could see what was happening and that she was underperforming among all of these key demographics in ways that frankly, shocked the system and one more thing, stuart. i just think people were under rating the possibility of what happened last night. they were always under rating the possibility that we were missing the forest through the trees, that the media was focused on tiny little things, when they missed the fact that the american people are frustrated about the economy, the border and security, and they sent that message loud and clear. stuart: i thought trump's tone

was conciliatory. he wasn't picking enemies. >> no, and i think that the people that have been completely scare mongering over the way he was going to approach a second term, i think they are going to be proven wrong and we'll see a lot more of that type of donald trump in the second term, because he's my legacy and frankly i don't think he's going to face the kind of craziness that he did the first time around when he had such a shock to the system. i think this time around people are going to have to basically make peace with the fact we can't get rid of this guy. we've tried everything possible and it didn't work. stuart: there were tears this morning. >> definitely really are, stuart. stuart: ben thanks for joining us have a great day. appreciate it. now, wait a minute you're with me for the hour you l you lucky. sit right there. will you look at the left-hand side of your screen? that's stock futures. they are way up 1,200 points up for the dow over 116 for the s&p. that's a rally. it's a trump rally. let's be obvious about it. tom haze joins me this morning checking out the market for us.

it's a trump rally, obviously. how long does it last? >> well that's a great question. this is what lower regulation and lower taxes look like, stuart. i wouldn't chase this up immediately, but i think this is a sign of great things to come over the next four years, no question about it. the opportunities here obviously, you're seeing small caps outperform this morning, up 6%. we like regional banks that's going to continue to flourish, and intel is interestingly enough, i know i brought this up on the show remember when it collapsed below 20 and i said stu i think it's a buy trading below breakup value it's up 4.5%. why? because trump will want to manufacture those chips in the united states and reduce our dependency on taiwan for our chips. that's a national security thing. another one that again no one likes is boeing. boeing was up 300% during trump's first term. this is a hated stock right now. they just resolved the rally. i think there's going to be opportunity there as well. stuart: you're assuming that trump has something to do with

the turnaround for boeing? >> well boeing is a proxy for us manufacturing. and trump is all about us manufacturing. this is going to be a manufacturing friendly environment. there are going to be policies that are going to be manufacturing friendly and when you unleash american manufacturing good things happen. stuart: why is it not a good idea to buy bonds at the moment? why buy bonds when you've got stocks rallying like this? >> well no question about it. however, what we're seeing in the bond market is the positioning is so short from hedge funds and from large traders. they are the most short that they've been bonds since october of last year, and following that, there was a rip your faceoff rally in bonds in november and december of last year so i think after this initial shock after the market settles out in the next few days, we also have the fed on thursday, that's a big decision, fed will continue to cut, probably have to cut less than the market is pricing in right now but they will continue to cut. i think there is an opportunity to selectively buy bonds in

the coming days. not immediately today. this is the shock effect, but with as much as they've come in in the last month there's opportunity as well. stuart: look at the yield on the 10-year, 446. how about that? >> yes. stuart: that's something else tom thank you very much indeed. president-elect trump calling his victory a political realignment. watch this. >> it was a historic realignment, uniting citizens of all backgrounds around a common core of common sense. you know, we're the party of common sense. stuart: democrats are left questioning their decision to remove biden and anoint harris. tammy bruce is going to get into that. republicans now control the senate. the outright majority will let trump approve judges and at cabinet appointees fairly quickly. the "wall street journal" james ffreeman has much more and he's going to walk across the set and take a seat on this historic

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stuart: whoa shall we call this the trump rally? yes, we'll call it the trump rally the dow is up 1,200 points, s&p up nearly 120 and the nasdaq is up 322. we're measuring movements in percentages these days that tells you how big a rally we've got. how about the cryptos? earlier this morning, bitcoin hit $75,000. it's backed off a bit but it's still at 73, 800. how about the big banks all of them straight up this morning, big gains across-the-board. jpmorgan chase is up 5%. goldman sachs 6%. bank of america 6%. citigroup, 8, now those are

astronomical gains when dealing with companies of that size. let's get back back to pure pol. let's go to the swing state of georgia. trump nearly lost in 2020. what was the difference this time around? >> well, stuart, there were a couple of different contributing factors that led him to win this swing state. number one, higher voter turnout in rural areas where he dominated and then men showed up to vote specifically for trump. also, black men in higher percentage numbers so let's take a look at some of those numbers. fox news voter analysis shows trump not only doubled his support with black men this election, with 24% compared to the 11% in 2020. but not only then, but with men in general more than half of male registered voters in georgia voted for trump. now, of course this is a tight race as expected. the two candidates were separated by just over 117,000

votes. trump took the lead by 2.5 points. now the state was called just after midnight last night. another factor to trump's victory in georgia came from suburban women. the chief pollster told me the murder of lacon riley hit close to home playing a pivotal role in their vote and this was a redemption for the former president after losing to president biden in 2020 by such a slim margin of just .2%, which was only a little over 1 1,000 votes. although when we do go back to the 2016 election, trump won the state by five points and back out here live we did see trump cut into that youth popular vote, so spending time on those very popular social media podcasts seemed to have paid off, stuart. stuart: he did well all around. thank you very much indeed. look whose here now. "wall street journal" editor james freeman. i want to talk about the senate wins for the republicans.

>> yes, sir. stuart: this seems to me to solidify trump's power. >> certainly, his judicial legacy among other things. this was one of the great successes of his first term. it carried a political price, when trump added appointees who ended up deciding that they were going to interpret the law as written and the constitution. it made it hard to manage the abortion issue for a lot of candidates but we now have solid rule of law and that's as far as the eye can see. i think you're looking at those stocks going up and that is a lot about trumponomics, but it's also about knowing we are going to have stable rule of law in this country and that's what underpins all of our markets. stuart: there will be no more big is bad mentality. you know how the ftc is stopping all mergers and attacking our technology companies. that's not going to go on. >> there is this question whether the ftc chief was going to get fired if kamala harris

won or not. i think now that it's a trump victory you can be confident there's a sheriff in town and a sheriff who doesn't think all big business is bad. stuart: that's one of the reasons the markets going up so much. i want you to listen to this from msnbc host alex wagner. roll it. >> i think when it's all said and done what you're going toaster is a huge divide over people who are college educate and not college educated and if that is the case what is different is that you could be seeing a realignment about the base of each party, and there are warning signs for everybody here, but if the working class non-college educated voter is now increasingly a republican voter, democrats have to rethink the way in which they sell their policies that absolutely benefit working class americans, and in a targeted fashion. stuart: [laughter] well they realize what we're doing for them. >> yeah, you know, i thought she was on her way to a real point there, and maybe -- >> almost got there. >> and maybe self-reflection but of course when people lose

in politics the easiest thing to say is we just got to work on the marketing. we're great, we're great, and we've got a great product but we just gotta work on the marketing, and obviously, the story of this era, inflation, is what really crushes the middle class, the blue collar worker, and that's a lot of what you saw in these results. i also think there's a message there for american higher education as well, that college education changes people's politics. that really shouldn't be the point of higher education. now, i don't expect a whole lot of reform there either and i think the msnbc crew is probably going to have a lot of difficult, anxious, sad days before they come to terms with it, but i think on the democratic side, there are those in that party. you don't hear a lot from them who are saying, let's move it back toward the center and let's forget all of the identity politics, insanity, and we'll see.

if that discussion turns out better for america over the next few months. stuart: we shall find out. james thanks very much indeed. ben? i think there is a political realignment here. i think the republicans are now the party of the working class and the democrats are the party of the elites? >> i think you're right about that stuart and it goes even further than that because i think it's not just about the economic policies in question. i think it's about the cultural policies and the priorities in leadership. i think what we saw really with the rejection of kamala harris this time around was the rejection of dei-based approach not just to the way that we view the world, but the way that our politicians prioritize things and i think that's something very healthy for america. americans want to getaway from that. they want to get away from that kind of divisive rhetoric and the kind of divisive policies that have people judged not based on what they are able to do, but based on what category they fall into and this election i think sent a message to the democratic party that they were going down the wrong path with that and they have to have a

reconsider asian. ation. stuart: times have changed. let me deal with this. do you remember the french trader who bet tens of millions of dollars on a trump win? well trump won. how much did he win, lauren? lauren: $47 million. we'll call them theo, a french national. he bet about $30 million on the market using four inter-related accounts and betting that trump would win. the wages were considered audacious, they were so big but it certainly paid off for him and that jackpot, 47 million is one of the largest pay days in political betting history. i just want to point out, he is french, he did this on poly market, fine. americans cannot bet on poly market. so that's why theo was able to do this. stuart: $47 million. lauren: uh-huh. >> pretty incredible. stuart: i would say, yes. thanks, lauren. let's check futures again you want to see this , this is the trump rally in green.

1,200 up for the dow, 120 up for the s&p, 320 up for the nasdaq. the opening bell is next. are you ready for a good time ♪

stuart: three minutes until the opening bell, three minutes to the opening of the market dow up 1,200 major gains r to the s&p and the nasdaq as well. plenty of grain out there. eddie ghabour with us this morning. this is a trump rally. it's happening right now and the feds expected to cut rates this week. so, eddie, are we off to the races? >> we absolutely are, stuart. i can't remember a week in my 26 years of managing money that's had such huge market implications between this pivotal election that obviously the market likes this morning, and then you've got a fed that i think will make a policy mistake and cut rates this week, so investors need to pivot to this new market regime. it's not really new. it's just goldilocks post-election rally we've been talking about all year. now that the election is behind us, i think you need to play offense in regards to the equity markets because this is a goldilocks scenario. stuart: what are you buying? >> so, right now, small caps

has been an area we've been patient in and its been painful to own because it's back and forth. we're glad that we hold it. we're seeing big move in it today. we're not going to buy anything today with the exception of possibly adding to gold. that is down today. i think that's a gift in the sense that the fed is going to cause inflation to get higher next year, so we want to have that position to increase but look, we're going to stay overweight tech buy more meta, it's down today, and then we are going to continue to add to small caps because i think that's where you're going to see really the outperformance on the s&p over the next three to six months. stuart: do you have an etf for small caps? >> iwm is an etf that we own right now for about a 5% position there. we'll be looking to take that to about 10 in the coming weeks, but this morning isn't the morning to buy and jump in on this huge rally. we'll be patient because we're having a great morning with how we're positioned and there will be other opportunities to buy in the coming weeks. stuart: in recent months,

whenever treasury bond yields go up, there's a certain reaction in the market. they don't like, investors don't like higher treasury bond yields. well this morning, bond yields have gone straight up. look at that. the yield on the 10-year is at 447 up 20 basis points. that's a huge gain in that yield and the two-year on the screen now, has reached 4.3%. that's astonishing. does that worry you? >> it does. it worries me because the fed is ignoring it. what the bond market is telling us right now is it's expecting growth to accelerate, and that means inflation will accelerate too, and when you cut interest rates, when the market is telling you, you don't have to, that adds rocket fuel to risk assets so short-term, it will cause these risk assets to really explode in my opinion; however, there will be a big price to pay six to 12 months from now because if they do cut rates it'll cause the inflation to accelerate at a faster pace, and that's when you'll have the 10-year over 5% as i've been

saying for the last month and a half, and i think now it's just a matter of when, not if, so i'd rather them just let the market take over and don't cut rates. the economy does not need it. the bond market is giving a crystal clear signal but i think they are going to ignore it again, so be ready to derisk when inflation does reaccelerate next year, but in the meantime, it's going to be goldilocks for this risk assets. stuart: 30 seconds to the opening bell. have you got time to tell me what you are selling now that harris has lost? >> well fortunately, the only thing we sold was our treasury bonds, etf last week. we had the trump trade on. we don't have staples. we don't have defensive assets. we are all in growth. >> [opening bell ringing] >> small caps and the nvidia and meta. we'll add to those positions. stuart: eddie ghabour, thanks for being here. he presses the button, the market is open. let's see how we go here. right from the get-go, we've got

a huge gain for the dow industrials better than 3%. the dow and the s&p are both just hit all-time highs. there you have the numbers. the dow is up 1,306 at this point and the vast majority of stocks in the dow 30 are in the green. major leagues rally right there. the s&p 500 also on the upside to the tune of almost 2%, not quite the gain of the dow, but we'll take it. and the nasdaq composite that is up 1.7%, 328 points. big tech they have got to be all higher, surely. no, they're not. alphabet, microsoft, and amazon, yeah, they're up. apple and meta are down, even in this broad-based rally. now let's take a look at trump media stock, that will be djt. it is absolutely surging again. i can't see that is up 25% for heaven sake. its gone straight up taylor. taylor: it is and close to a record, intraday record we had of about $50 a share, so remember analysts said if he

wins it goes to 70 if he loses it goes to 20. we are hearing that trump's value right now is worth more than $5 billion. he has a 57% stake in this company and if it's worth about $9 billion that's how you get his net worth within this stake alone. stuart: that's a lot of money. taylor: it is. stuart: bitcoin. i believe that earlier this morning it hit a record. it's at 74.3 now but it was higher than that? >> i don't know if you're like me. i was up all night checking the price of bitcoin because that's what trades 24 hours a day and it doesn't shutdown like equity futures or treasury bond futures so we were up 74. i think i hit maybe a 75 but all of this really doesn't matter. remember back in march 73, 700 was the record. this is trump saying he wants to be the crypto capital of the world so you see the classic risk-on crypto assets following in tandem with that. stuart: look at that. percentage gain. taylor: i know. stuart: show me tesla. earlier, that thing was straight up. it's up $33, 13%. trump mentioned musk couple of

times in his speech last night. so just tell me this. how much is musk worth? taylor: i have a live tracker for you. it was $265 billion as of yesterday, and now that the market is open i'm going to have you give me a minute so i can see if the live numbers update for us again, and i'll be right with you. i still have about 265 billion as of yesterday but again, this is an interesting story, stu, because when you think tesla, you think ev's and democrats love ev regulation and ev mandates right? but trump has said and i think what a lot of analysts are thinking that sort of overall lower regulation environment out weighs any benefit that musk would have gained on a broad-based ev mandate, and so that's why tesla can still also be a winner today. stuart: musk is also a defense contractor and does a lot of business with the government and the government will be run by donald trump how about that. bank stocks. why are they straight up? taylor: classic low regulation so the yield story today remember jamie dimon had come out in the last few weeks and

said with basel iii and the regulation proposals this is starting to get out of control. this is classic 2016. low regulation on the horizon means that banks generally can do well also with rising yields they benefit in the future. stuart: green energy. presume it's taking it on the chin put it on the screen please. taylor: yup. you know the story sort of classic energy stocks, we've talked about the ev story, solar stocks as well. those are some of the generally just don't favor trump presidency. really wanted more on the harris side. stuart: serious declines right there. okay, i guess a trump win, the trump win, is favorable for health insurance, because they are all up today. taylor: also counterintuitive because a lot of what i was reading is healthcare stocks wanted more of a harris presidency, because you've got higher government spending with medicare and medicaid, but i think the story today, again, is sort of overall, lower regulation, pro-growth, pro-competition, less government telling business what to do,

lower taxes, less government saying that businesses are horrible, right? so you're sort of overall getting this sort of pro-growth pro-business feel that's happening and you see that in healthcare today. stuart: one last one. super micro. its had a terrible 10 day period and it's down again today. taylor: fundamentals nothing to do with the election right? we are hearing that they missed estimates yesterday after the bell, if that's something you were watching and not the election and they did not sort of meet expectations for forward guidance. we also still do not have that annual 10-k filing report. they were delayed in filing because their auditor ernst and young resigned last week, so we still don't have an auditor so again a company is still very much under pressure. stuart: thank you, taylor. let's check up on the overall state of play this morning. this is a huge rally. dow is now up after what five minutes worth of business, the dow is up 1,250 points. i've not seen a gain like that in a long long time. the dow is up 43, 462. dow winners on the top of that list is goldman sachs, up nearly

9%. jpmorgan 7%, caterpillar 7%, american express 5%, united health up 5%, s&p 500 winners if you've got anything in the s&p you're probably doing well, discover financial, charles river, capital one, synchrony financial, tesla at 289 up $37. tell me what trump is worth, what he's worth? taylor: okay, well give me a minute. you're putting me on the spot. stuart: nasdaq composite where's that? the winners i want to see. the winners are led by tesla, so how much is musk worth? old dominion, csx, paccar, huge gains across-the-board. what a gain. what a day. it's a trump rally. the 10-year treasury yield, might be a fly in the ointment going up 20 basis points, big gain, 4.46% is the answer to that one. the price of gold, down 88 bucks, 3% lower. that's gold taking on the chin.

bitcoin 74, 500 as we speak. the price of oil that's in the mid-70s no it's down, $70 a barrel down a buck. the price of nat gas, that's up just a fraction, 272 and the average price for a gallon of regular no change 310 and in california though it's 4.53. coming up harris underperformed with minorities compared to biden in 2020. that really shocked cnn's jake tapper. >> so you ask, are there any places the vice president is over performing joe biden in 2020 so we could show you that as well. we just bring that out here. harris over performing in 2020. >> holy smokes. literally nothing? >> literally nothing. >> not one county? stuart: [laughter] the pollsters including mitchell brown did not predict trump's big win. we'll put it to mitchell brown later in the show. explain that one, please. republicans projected to flip the senate ending two years of democrat control. >> we have taken back control of the senate.

>> [applause] >> won by the maga movement. stuart: martha maccallum took the helm on fox news, covering this historic election. martha is going to join us in the 11:00 hour and tell us all about it. what was it? msnbc joy read blaming the patriarch and white women for harris' loss in north carolina. >> black voters came through for kamala harris. white women voters did not. this will be the second opportunity that white women in this country have to change the way that they interact with the patriarch. stuart: white women'ings fault, kayleigh mckey takes that on next.

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best day for the dow in two years. you're up 1,300 points. nasdaq is up 400 points, 2.25% big rally. it's being called the greatest political comebank of all-time. trump giving a victory speech just after 2:00 a.m. bill melugin was there and he joins us now from west palm beach, florida. bill which key groups helped push trump over the finish line. reporter: stuart, the biggest was hispanics. they came out big for him all across the country and look there's no sugar coating it. this was a rejection of the biden-harris administration. trump is now on track to win both the popular vote and the electoral college and here is what he had to say when he took the stage in west palm beach after his victory. >> they came from all corners, union, non-union, african americans, hispanic-american, asian-american, arab-american, muslim-american. we had everybody and it was beautiful. i will govern by a simple motto.

promises made, promises kept. we're going to keep our promises. >> [applause] reporter: and trump's watch party here really kicked into high gear after he won the all-important battleground state of pennsylvania. he also won georgia and north carolina. he also appears to be on track to win several other battleground states. maybe even sweeping all of them. it was quite a different scene at the harris watch party in d.c. take a look this is at howard university. it turned into a complete ghost town there. the crowd started leaving once it became obvious that she had lost key battleground states. then everybody left once the campaign got on stage and said that she wouldn't even be speaking last night. she kind of left her own people hanging, never showing up to her own party. and stuart, lastly we talk about the popular vote. trump is on pace to win that, he's currently up by about 5 million raw votes. republican hasn't won the popular vote in 20 years. the last time was george bush, back in 2004. ever since the results last night, my phone has been blowing

up with border patrol agents and i.c.e. agents who feel like they have gotten a morale boost and they are excited and feel like they will be able to do their job again, stuart. back to you. stuart: thanks, bill, we'll take it thank you very much indeed. joining us is kaylee mcghee white. let's go outside the discussion so far. how big a role was the abortion issue? >> well it didn't play that much of a role at all. we saw in florida, the abortion amendment actually failed. in nebraska as well, the abortion amendment failed. there was a repudiation of this narrative that women are only going to vote based on abortion and that's all they care about. very clearly it was not as compelling of an issue and it might be because abortion is now a states issue and a lot of these swing states have already voted on it one way or another, or it could just be that there were other issues that were simply too important, like the economy, like immigration. so many issues that kamala harris refused to address time and time again. stuart: listen to what msnbc joy read had to say about white

women voters in north carolina. >> black voters came through for kamala harris. white women voters did not. you have a state where you've got a six week abortion, or 12 week abortion, i think there's might be 12 weeks but it's a state where women lost the reproductive rights. that message, obviously was not enough to get enough white women to vote for vice president harris. this will be the second opportunity that white women in this country have to change the way that they interact with the patriarch. stuart: so, kayleigh, it is white women's fault, is it? >> just wait until she learns how black men voted or how hispanic voters voted. listen, it must be comforting to tell yourself that racism and sexism are the reason that kamala harris lost so soundly because that makes people like joy reed feel superior to those who voted for trump. it also makes her feel lick she doesn't have to change anything about the way that she's covered this election cycle, and about the way that democrats have run

their campaign. but the fact is, democrats have no one to blame but themselves. kamala harris underperformed among every single demographic. that is not a coincidence. that is a re pudiation of everything the democrats stand for. stuart: that's my line, kayleigh. thanks for being with us, we appreciate it. florida voted against legalizing recreational marijuana last night. that's taking quite a pole on the pot stocks i imagine. lauren: it sure is so floridians voted no despite trump publicly backing the idea. it was amendment three and it needed a 60% majority to pass and it fell short. that deals a blow to the cannabis company share price is down 25% in some instances and to the firms that invested millions of dollars into the states legalization campaign. it was estimated it would bring in around $5 billion in revenue in year one for florida, if this measure had passed. medical use of marijuana is

legal in florida. this is an instance of red states. a little leary to go further, because north and south dakota voted the same way as florida. no to recreational, yes to medical. stuart: more concern about the thc content of modern marijuana which is way up there. lauren thank you. coming up trump wins big. the democrats have only themselves to blame. that's my line. perhaps the biggest mistake was the democrats failure to read the room. they chose to ignore a huge political realignment. the republicans are the party of the working class, they don't like being talked down to by democrats who have a party of the elites. that's my take top of the hour. republicans projected to flip the senate giving them the majority for the first time in four years. we have a full report on what is the new balance of power. that's next. ♪

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stuart: it's a rally. plenty of green left-hand side of the screen. the dow is up 1,200 points it is having its best day in two years. now this. republicans projected to win the senate. control of the house is still

uncertain. hillary vaughn capitol hill for us. hillary? how big a majority could the republicans have in the senate? reporter: well, stuart, right now they have a two seat majority in the senate but that could be getting even bigger by the end of the day as more races are called. republicans didn't just flip the senate. they are on their way to building a multi-seat majority that would make them essentially invincible, politically. so far, republicans have flipped three seats held by democrats in ohio, bernie moreno beating out sherrod brown in montana tim shehey defeated john tester and in west virginia governor jim justice taking democrat joe manchin's old seat. just those victories give senate republicans a 52-seat majority with races in other toss-up states like michigan, wisconsin, and pennsylvania, all still too close to call. either way republicans have a wide majority to get trump's agenda through, without much worry, at all. in the house, things are still uncertain. republicans have an edge so far

in races won but there is still 57 seats still uncalled with democrats with 180 confirmed seats to republicans 198 confirmed seats. it's anyone's game but republicans are closer at this point to maintaining their majority in the senate, the next order of business will be picking a majority leader on november 13. mitch mcconnell, stepping down from his leadership role at the end of this congress, so the race is on for a new gop leader. right now the top contenders are senators john thune, john cornyn and rick scott. stuart: thank you very much indeed. ben domenech still with me. how important is the republicans taking the senate? >> it's enormously important and the bigger that majority is the more flexibility president trump will have in terms of pushing his agenda through and also getting the cabinet he wants et cetera. one thing to keep in mind here too is this was a situation not a lot of people anticipated in part because i think they were paying so much attention to the presidential race they didn't see the fact that kamala harris was going to be a problem

for some of these candidates. i think particularly of what looks like it's going to be an outcome for the republicans in the state like pennsylvania. obviously with joe biden at the top of the ticket, the likelihood that someone like bob casey goes down to defeat diminishes significantly, just because of the various coat tails he has in that state and because he wasn't there, kamala harris doesn't have that kind of coat tails she creates problems for him in fact because of some of her positions on the energy and fracking issues that were real major factor in pennsylvania, the other thing that i would just say is for republicans, there's going to be a little bit, i think, of remorse over the fact that they did throw some money at perhaps unwinnable race like maryland, which could have gone to perhaps contests in nevada, in particular, sam brown hung on there in a very tough way. he may still end up getting out a victory there, but republicans are going to have a lot of flexibility, a lot of things to work with and one thing that comes from that stuart is i think we're going to see supreme court nominees at least one perhaps maybe two within these first two years from

the president-elect. stuart: do you think one supreme court would step down, knowing trump -- >> i think that justice alito is more than happy to go into retirement and have somebody else take on the very tough job of that. stuart: ben, thanks. check the markets, you'll like what you see. look at these, these are the dow stocks hitting all-time highs today. that's giving us an 1,100 point gain. american express, goldman sachs, jpmorgan unbelievable. visa, mastercard, i'm sorry, visa, caterpillar and walmart. new highs across-the-board. extraordinary. still ahead the polls got it wrong, not one predicted a trump landslide. we'll ask gop pollster mitchell brown what they missed. this election is a sign of political realignment in the country. the gop, the party of the working class now days, the democrats are for the elites. liz peek dying to get her hands-on that. the markets are soaring on the election news. charles payne will tell us how to play it. and democrats, they're questioning whether anointing harris was a smart move. tammy bruce will take that on,

she's here and in the studio, eager to get on the set, and say her piece of mind. [laughter] ♪ ..