. >> this week on bloomburg government's capitol cane. we take you to massachusettes with scott brown and elizabeth warren are locked in an expensive battle that could decide control of the senate. we'll talk to both candidates. will congress avoid sweeping defense cuts. we go one on one with senator john mccain. will a deficit deal be bad medicine for america's top hospitals and insurance companies. we'll explain in the bloomburg analysis. she helps people connect. you need to know julianna glover. i'm peter cook welcome to bloomburg governments capitol gain. if your business is washington stay with us the next half hour. for the impact on government action in business and the economy and the people who matter. governments begin with elections. and this election will set the stage for the most important fiscal debate the country has faced. we'll talk about it. in a moment we'll take you inside the congressional race wall street cares about most. but first a quick take on bloomburg governments key findings this week on washington's winner

new york city board of health approves bloomburg's saying.he band in the cat video, collective soul. >> i bet they are nice people. >> they are very good live. >> i don't know, the name collective in there? that sounds pinky to -- pinko to me. >> excellent point. you noted the board approved the band a vote of 8-0 with one abstention. of the guy who abstained he didn't think it went far enough. the new york times say his name is 6delcarro. he had concerns about the band's potential financial impact on small businesses. >> well that is good i think. >> i think so too. juliette, thank you for admitting you are a hipocrite of the smoking ban, but angry about this. >> thank you for pointing that out. jay it is all about a drink ban. people are pre end iting bodegas will not still sell these things. i could get cigarettes at five years old. >> nobody is saying that. bodegas are not covered by this. they are fine and 7-eleven's are fine. greg, your mythical truckers can get theirs. >> let's remember the rest of america doesn't have bodegas. >> they

why does bloomburg want to make it worse? >> he wants you to visit somebody in the hospital and not be a patient in the same hospital with your diabetes. he wants to open a market full of some other people to be selling stuff outside the hospital. who cares? there will be an african dude selling books and snickers. >> why does he have to be african? >> is it hipocritical to sell junk food or hipa-terrific. >> it is hungry hipo. >> i don't know if you ever jumped over a fire in the nude and had someone hit you so hard you land on the fire and you have third-degree burns on your ass? >> i have been to the er pretty often, and the people there are huge. >> they have these special chairs and they are all taken up. they came straight out of the table. and she was mad the doctors -- the doctor's medication didn't fix them. the doctor said they had to change the doors to make them bigger. and they are having to custom make the wheelchair. they had one gurney, and he said, that's the normal one now. so in their defense, but making ho

the stand off involved a private charity headed by mayor bloomburg and the port authority of new york and new jersey which owns the world trade center sight. under the deal, ownership of the land is transferred to the foundati foundation. mayor bloomburg talked about the agreement yesterday. >> we are going build a museum that is important to the families of the 9/11 victims and to all of those who contributed photos and moe mentos and trying to preserve the memory of those that they loved that are no longer here. >> construction on the museum should resume by the end of the month. it's unclear when it should be completed. a piece in the new york times reports new information about what president bush and his administration were told by intelligence agencies in the months leading up to 9/11. according to vanity fair, the former president was warned directly about the possibility of an al qaeda attack as early as may 1, 2001. it's titled bin laden determined to strike in the u.s. those warnings included reports of a bin laden terror cell present in the united states at that point. he c

and mayor bloomburg stalks the new york city hospitals in favor of skis tells. skittles. all that and more coming up. >> thanks, mike. let's welcome our guests. my first guest and i met years ago after a karate competition. my mom drove us to an amusement park. we held hands. the car stalled and i had to pop the engine. oh, the memories. welcome news editor for town hall.com and town hall magazine. and we used the same barber shop together. it was named after our mutual love of facial kellerman. it is writer and comedian keith alderstad. and we worked as wharf 1812 reenactors. and as kids we were altar boys together. he would steel the wine and i would steel the water and then we would say mass ourselves. we were ambitious kids. tv personality and author greg gutfeld. his latest book "joy of hate" comes out november 13th. >> buy it. >> a block, the lede, that's the first story. >> she fought vitreal with aerosol -- you get the point. on tuesday a woman was arrested after she spray painted a new york city subway ad that equates muslim radicals with savages. the transit aut

i got a sneaking suspicion that mayor bloomburg is behind this. the enemy of your enemy is your friend. i know he is sitting around going, i know, the radical islamic group has been our enemy in the past. but we hate diabetes. they hate america. maybe we can team up and de -- destroy fast-food. >> i have to get a word a day calendar. is kfc's connection to the anti-islam video tenuous at best? >> i don't know what the word tenuous means, greg. and i would thank you to limit sill labelles to one or two. -- sill bells to one or two. they came for the chicken strips and i said nothing. >> not this again. >> i think it is apropos -- it is not prophetic right now. i would also say -- now i am no expert when it comes to all things infidel. but i would say that if you have seen a video or are aware of a video that you would rather the rest of the world, particularly practicing muslims see the last thing you want to do is provide international coverage via a whole lot of violence. i don't think they thought this through. it is a bold statement, i know. >>

the high yield index, bloomburg high yield index in november of '08 was 25%. today it is less than seven. the multiple in the market today is lower than it was when high yield was 25%. i left with equities by default, why i have a certain amount of cash to protect against the disaster because we have a lot of tail risk out there and i think equities generally speaking are the place to be and you have to decide with which equities you want to own and we have plenty we think are still attractive and i would say overall in the market neutralish. >> we'll certainly go inside your portfolio a little and talk stock specific stories. >> i had a question about kinder morgan. you were just discussing, sir, about the fiscal cliff as well as of course the election and the implications for dividends and so forth because of that. this is a big dividend yield or about 4%, a lot of mlps would fall into the category of people worrying about those if indeed the tax structure would change significantly as it is due to change unless we address it pi the end of the year. are you

mayor bloomburg is not trying to be a bully but help them be healthier. >> neil armstrong will remembered in a public memorial service in washington's nation cathedral. he will be buried at sea tomorrow. those are your headlines. >> the already strained relations between united states and israel facing a new test. prime minister netanyahu is stepping up pressure on obama to take a hard line on iran. >> the world tells israel wait, there is still time. i say wait for what? those in the international community who refuse to put red lines before iran, don't have a moral right to place a red light before israel. i you know, the israeli politician and speaker of the knesset and also the author of israel and the will to prevail and before we talk about that statement. your reaction to the riots in libya that happened on tuesday, egypt, happening again today and tunisia and yemen all against american interest. >> you ask why and what is the reasoning in there is no reasoning in the middle east. you are giving them millions of dollars and look at what is happening today. in writing the book, you