like us on facebook.co facebook.com/melissafrancisfox or follow me on twitter at melissaafrancis. >>>y or will he go. ben bernanke reportedly hinting at his future at the fed how the election may determine the outcome coming up next. you can never have too much mone ♪ . ♪ >>> as federal reserve starts a two day policy meeting questions swirl about whether or not fed change ben bernanke will keep his job past another term, 2014. in "new york times" with thees that bernanke is telling frien he will likelyy step down in 204 no matter who wins the elections, how this affects news is joining me deputy cef economist. >> my pleasure. >>> what did you think about the news? >> a lot of speculation, mitt romney has made no secret he is not a big fan of bernanke. i think whater happens, however, because we're in such a precarious period of time with monetary policy, it is unlikely we'll see draft exchange even if mitt romney puts in 7s in 71s ie of his preference. >>> i would think that market would assume that anyone who came in wold have a little bit of a tighter fit than ben bn can key, the m

what you thin like us on facebook.co facebook.com/melissafrancisfox or follow me on twitter at melissaafrancis. turning to the deficit the numbers e in the 2012 budget deficit is actually slightly better than expected. it was only 1.1 dollars, versus $1.1 trillion deficit. what a deal! it is a trillion dollars for every year president obama has been in office. we'll crunch the number to see what they mean for the average taxpayer. we have gretchen hamel from public nice. thanks for coming back on the program. it is a staggering number. not as horrible as it could have been. how would you characterize it? >> i think it is pretty bad. 42 out of the 4 months the president has been in office he has run a deficit. i think when we're $16 trillion in debt it has an effect on the economy. even most economists say when the debt is greater than 90% of the gdp you start to see a slowing. right now our debt is over 100% of our gdp. melissa: break down why you see the slowing. i think when we talk about these numbers to the average person it sounds like monopoly money. it is such a huge number you could ne

or follow me on twitter at melissaafrancis. >>> energy issues are expected to take a central role inight's debate. what condition president obama and mitt romney say to win the hearts and minds of voters? we'll break it all down next. >>> the government slaps massive taxes on chinese solar panels and but gives a knockout blow to a u.s. company. do you ever have too much money? ♪ . everyone has goals. take the steps to reach yours, with us with real advice, for real goals. the us bank wealth management advisor can help you. every step of the way. from big steps, to little steps. since 1863 we've helped guide our clients, so they can take the steps to help grow, preserve, and pass along their wealth. so their footsteps can help the next generation find their own path. all of us serving you. us bank ♪ melissa: so, on to energy. you know it will be one of the big top picks in tonight's debate. which candid and the upper hand? let's break down their plans. executive vice president of the consumer energy alliance. what do you expect to hear from the president on energy? >> well, i think th

like us on facebook.co facebook.com/melisfrancisfox follow me on twitter at melissaafrancis. >>> oh thehe sierra club launches a anti-coal campaign highlighting the horror stories within the industry because the whole windmill thing is work being o so well. we'll explain all of that coming up next. at the end of the day it is all about money. ♪ ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ inta scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. melissa: talk about a war on coal? the sierra club launch as new website showing problems brought about by coal mining and coal-fired plants. you're looking at it now. they focus on communities in west virginia and michigan and nevada. i don't know about you, but i think a lot of good things have come from coal. with me mary katharine ham, editor-at-large of hotair.com and a fox news contributor. i watched the videos and they are tear jerkers. i mean they just make coal seem like the mo

or follow me on twitter at melissaafrancis. >>> when we were i houston i saw a the pride they have the energy industry. some texas landowners are angry with transcanada. that is the company building the pipeline, keystone pipeline, and they're filing dons of lawsuits against the company to delay the project. they're arguing transcanada isn't using enough american-made steel. theyon't agree to exusively use local workers to build it. on top of that, there is no guaranty the oil coming through will even stay in this country. so with me now is julia crawford. one of the landowners fighting the pipeline. juli, thank you for coming the program. we appreciate it. why are you against this pipeline? we will illuminated some of the reasons there but i understand another one they're trying to take your property by eminent domain? >> right, melissa. in texas, if an entity is labeled as a common carrier, it means it is a pipeline they can take land because it is for the public good and doing something for the good of every man. we don't believe transcanada qauflts as common carrier under texas sta

like us on facebook or follow me on twitter at melissaafrancis.n in taxpayer dollars up in smoke. a electric car battery plant get as huge grant from the federal government. it hasn't produced a single battery in two years. we'll explain that coming up next. >>> plus wall street banks poured money into barack obama's 2008 campaign but now not so much. it could be his biggest financial enemy. "piles of money" coming up but not for the president. ♪ ♪ . melissa: so another day another $150 million of your taxpayer money up in smoke. back in 2010 the department of energy gave $250 million to a factory in michigan to produce batteries for the chevy volt. president obama touted this as a step in the right direction, to bringing manufacturing jobs back to america. well here we are two years later and compact power has yet to produce a single battery. now it is forced to furlough all of its workers. joining me the senior fellow at the national legal and policy center. how in the world did this happen? >> well, it is just another in the long line of gifts

facebook.come/melissafrancisfox or follow me on twitter at melissaafrancis.m lining up to land on the east coast. forecaster says it is without precedent in potential impact coming up next. ever have too much money or too many food supplies. ♪ ♪ . melissa: that's it. that is what is coming our way. no, not the day after tomorrow, but a nor'easter may be. that is a nor'easter-cane when you get a hurricane crossed with a snowstorm. the east coast is bracing for hurricane sandy which could collide for inland snowstorm just in time for halloween. perfect. here with the latest is fox's own rick reichmuth. how is this developing? we're all terrified. >> who developed the nor'easter-cain. better that the "frankenstorm". this is big storm, a serious storm. this is a hurricane. we have a hurricane out there. it's hurricane sandy. category 2 storm. in the short term meaning tonight and all day tomorrow we're talking about tropical storm conditions in florida. three to five inches of rain and a lot of beach erosion and wind that is a florida event to start. then things

like us on facebook at facebook.com/melissafrancisfox or follow me on twitter at melissaafrancis. >>>r a fracking rules has a bipartisan group of senators fighting back. north dakota senator john hoeven is here exclusively to explain. >>> plus the national hockey league canceled 84 games on a fight how to split up $3 billion in revenue? how much do they stand to lose? the at end of the day, it is always about money. ♪ . melissa: what the frack? that is what members of the u.s. senate committee on environmental public works must be thinking. a group of them are venting frustrations to the environmental protection agency for increasing regulation of hydraulic fracking. so how are the epa's fracking guidelines stifling the industry? with me in a fox business exclusive, senator john hoeven from north dakota. thank you so much for joining us. i took some time to look through these rules and they seem like they mostly revolve around additional permits. i see permit for use of diesel fuel when you're tracking. i see a permit for drilling on native-american reservations? is that so bad? >> we

like us on facebook a facebook.comelissafrancisfox follow me on twitter at melissaafrancis. >>> timecheck the fuel gauge. california sky-hh gas prices are doing wonders for the toyota prius. the hybid vehicle is the state's topelling car for the firsttime ever. that is accorng to the california new car dealers association. >>> oil prices getting slammed in today's selloff. a strgtning u.s. dollalar helps fuel crude'stumble, finay settling a $90.05 a barrel. a ne report warns that the great lakes could be at risk for a severe oil spill. national wild five foundation, that two oil pipene in the upper great lakes are not being properly main and and nor are proper emergency procedures in place in the evt of a spill. that is not good. >>> rosneft is about to become the world's largest oil producer. rosneft isuortedly ready to purchase 50 dal billion of russian assets from oil companies. if the deal goes through, rosneft's daily pruction would top exxonmobil's. coming up we're crunching the real numbers in predent obams and mitt romney's tax plans. a side by side cmparison to see who first

follow me on twitter at melissaafrancis. gas stations in the los angeles area are shutting down over supply shortages. will the pumps near you be next? >> u.s. sanctions could hit iran where it hurts most, the currency. the rial lost a quarter of its value just in the past week. did you know that? it is causing riots in iran. we're following developing story. more "money" coming up. ♪ . ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or make 70,000 trades a second... ♪ reach one customer at a time? ♪ how do you help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ or turn 30-million artifacts... ♪ into a high-tech mastpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. ♪ . melissa: so there is potential catastrophe in the making at california gas stations. the shutdown of a refinery for a pipeline is cause aghast shortage. some stations are closing their pumps. for th

we want to hear what you think on faceboo facebook/melissafrancisfox or twitter at melissaafrancis.ot on that. the government handing out bonuses to hospitals with happy medicare patients but it could fuel a new wa of waste and abuse. that's scking. wel exain all that nxt. at the enof the dait is all about money, and red bull. ♪ . ♪ . melissa: so here's a new developmt courtesy of healthcare reforms. hospitals with happy patients will start getting bonuses from the government. patientsill out a survey from uncle sam to make the determination. so will ts program work? here with me is a dr. rhonda scott, execute vice president and chief nursing officer at grady memorial hospital in atlanta where the program is already underway. thanks so much for joining us. i just want to ask you out of the gate. how focused are doctors and nurses on these surveys? >> we're extremely focused on these surveys. as of october 1, we are under newguidelines from the affordabl care act where we areimof toing not only the quality of care but the patient and family experience awell. so we're extremely focuse

facebook.com/melissafrancisfox and join me on twitwer, at melissaafrancis. feel fre to tell us we're overreacting. >>> senate majority harry reid in the hospital after a car accident. robert gray has the details. >> that'right. it was a six-car accident. harry reid is at umc hospital in las vegas after his caravan in a six-car accident. the senate majority leader, there is no word yet on injuries with him or anyone else traveling in the caravan and his party. he is in the hospital. no word on injuries. we're awaiting details to come to us out of las vegas. he is at the umc hospital in vegas. car accident. no word on injuries. we kw six cars were involved. we don't know if entire caravan or par of six cars. more details as they emerge on this developing story. melissa: robert gray. thanks so much for that. >>> turning to the economy third quarter gdp came in at 2% today. not great. better than the sat 1.3% growth rate last quarter but a new survey of economists says there is still no light at the end of the tunnel. if automatic spending cuts kick in it could

like us on facebook.co facebook.com/melissafrancisfox or follow me on twitter at melissaafrancis. >>>mit. interior secretary ken salazar, acting more like oprah, you get a permit, you get a permit. giving a slew of approvals to new energy projects. is it just a pre-election ploy? >>> is mahmoud ahmadinejad the sacrificial lamb for iran's economic crisis? iran's mullahs may be ready to hang him out to dry. we have details coming up next. do you ever have too much money? ♪ . [ thunder crashes ] [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protects them. [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods. ♪ visit floodsmart.gov/pretend to learn your risk. ♪ . melissa: so the obama administration is doing everything they can to play up their all-of-the-above energy policy. just this week interior secretary ken salazar was on a nationwide tour and approved two huge new projects. a wind farm on federal land in southern wyoming and a new refinery in north dakota that women be use to p

facebook.come/melissafrancisfox or follow me on twitter at melissaafrancis.alling it "frankenstorm". a super storm lining up to land on the east coast. forecaster says it is without precedent in potential impact coming up next. ever have too much money or too many food supplies. ♪ gecko (clearing throat) thank you, mr. speak, uh, members of congress. in celebration of over 75 years of our governmen employees insurance company, or geico...as most of you know it. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newcaster: breaking news. the gecko is demanding free pudding. and political parties that are actual parties! with cake! and presents! ah, that was good. too bad nobody could hear me. geico. fifteen minutes could save you fifteen percent or more on car insurce. ♪ . melissa: that's it. that is what is coming our way. no, not the day after tomorrow, bu a nor'easter may be. that is a nor'easter-cane when you get a hurricane crossed with a snowstor the east coast is bracing for hurricane sandy which could collide for inland s

facebook.co facebook.com/melissafrancisfox or follow me on twitter atmel list is a a france -- at melissaafrancis. >>> first up solar city is filing for a initial public offering. the solar panel installment company is looking to raise $201 million. despite posting a $30.1 llion operating loss in the first six months of 2012. >>> expiration of geothermal energy under oregon's largest volcano is moving headed. the testing phase should be complete i had about 2014. has estimated cost of $43.8 million, with half of its fund coming from, the department of energy of course. >>> marathon petroleum is buying an infamous refinery, we were talking about this, from bp. marathon will pay a base price of $598 million for the texas city oil refinery. you remember that name because there was a big explosion at the plant in 05 and it killed 15 woers. the purchase price is reportedly well below the amount bp was aiming for. >>> oil prices slid on global demand fears as the world bank cut its economic growth estimates for china and the asian continent. crude settled down 89.33 a barrel. look at that under 90 buck

like us at facebook.com melissafrancisfox or follow me on twitter at melissaafrancis. next on "money", investors are rejoicing with wall street preparing to open for business tomorrow but they could be in for a nasty market surprise. we're going to explain that. >>> can you believe the pictures of water pouring, look at that, pouring into a new jersey gas station and a boat in the middle of train tracks tracks. wow, this is incdible. this is not over yet. more money and more water coming up. stay top of mind with customers? from deals that bring them in with an offer... to social media promotions that turn fans into customers... to events that engage and create buzz... to e-mails that keep loyal customers coming back, our easy-to-use tools will keep you in front of your customers. see what's right for you at constantcontact.com/try. [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protects them. [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods. ♪ visit floodsmart.

or follow me on twitter at melissaafrancis. >>> so we're in the midst of another recession. steps need to be taken to get our economy back on track. california congressman tom mcclint tock thinks he knows what to do and he is joining us now. congressman, thanks for coming on now and let's get right to it. what are some of the most important things we need to do to get moving again? what is number one? >> there is no mystery to it. we know how to revive a economy. we've done so many times before. at the end of the carter administration we had not only double-digit unemployment, double-digit inflation. interest rates at 21 1/2%. he diagnosed the problem very differently than the current administration. he reduced the tax and regulatory burdens that were crushing the economy and produced a long period of economic he can pans shun. nothing new in that approach. john kennedy in the mid 1960s. warren harding in the mid 1920s. reduce tax and regulatory burden. melissa: you have a very specific list. i want to make sure we hit on the points because there is a specific at that today

follow me on twitter at melissaafrancis. i'm not a huge fan of the government. out. >>> hundreds of thousands of defense workers could get laid off but the government doesn't want them to know and the taxpayers could pick up a major legal tab to help the white house save face. that is coming up next. at the end of the day it is always about money. ♪ . ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or make 70,000 trades a second... ♪ reach one customer at a time? ♪ how do you help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ or turn 30-million artifacts... ♪ into a high-tech mastpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. ♪ . melissa: so up to one million pink slips should be mailed out on november 1st because of the fiscal cliff but the labor department is telling those employers, don't bother. when companies like lockheed say they were going it follow the law and put the slips in the mail in

follow me on twitter at melissaafrancis. i'm not a huge fan of the government.out. >>hundreds of thousands of defense workerscould get laid off but the government doesn't want them to know and the taxpayers could pick up a major legal tab to help the white house save face. that is coming up next. at the end of the day it is always about money. ♪ . >> announcer: meet mary. she loves to shop online with her debit card, and so does bill, an identity thief who stole mary's identity, took over her bank accounts and stole her hard-earned money. now meet jack. after 40 years, he finally saved enough to enjoy retirement. angie, the waitress at jack's favorite diner, is also enjoying his retirement. with just a little information, she's opened up a credit line, draininghe equity in jack's home. unfortunately, millions of americans just like you learn all it may take is a little misplaced information to wreak havoc on your life. this is identity theft, and no one helps stop it better than lifelock. see, ordinary credit monitoring services tell you after your identity has

like us at facebook.com melissafrancisfox or follow me on twitter at melissaafrancis. next on "money", investors are rejoicing with wall street preparing to open for business tomorrow but they could be in for a nasty market surprise. we're going to explain that. >>> can you believe the pictures of water pouring, look at that, pouring into a new jersey gas station and a boat in the middle of train tracks tracks. wow, this is incredible. this is not over yet. more money and more water coming up. >> moving onto the markets, the stock market moving to reopen after being closed the last two days. nyse ceo duncan niederauer told me if they opened market too many people would try to go to work instead of stay home. made sense to me. they test ad new contingency plan using just electronic trading before opening for trading tomorrow. secretary geithner met with market regulators discuss the impact of the storm. let's bring in scott martin to talk about all this of. let's talk about the explanation from duncan niederauer earlier today. charlie gasparino gave me a terrible time.

or follow me on twitter at melissaafrancis. we like what you said so far. give us some more. >>> vikram pandit gets kicked to the curb by citigroup. does michael corbat stand a chance fixing the megabank? i don't know. it will be tough job. >>> iran cutting the cord on the country's tv stations. oh, no! we have details coming up. ♪ . ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter thatalks to the cud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whater your business challenge, dell has the technology and services to help you solve it. melissa: citigroup's conference call with the new ceo, michael corbat and michael o'neill ending moments ago. the shockwaves from vikram pandit's ouster are beginning. adam, want to start with you. you popped off the call. we were talking about it in the commercial break. what was the most surprising thing you heard? >> that michael o'neill was trying to make it seem as if there was no big deal. this was simple transition to one or the other. are you captain of the concor

we want to hear what you think on faceboo facebook/melissafrancisfox or twitter at melissaafrancis.at. the government handing out bonuses to hospitals with happy medicare patients but it could fuel a new wave of waste and abuse. that's shocking. we'll explain all that next. at the end of the day it is all about money, and red bull. ♪ . ♪ [ male announcer ] how do you rn an entrepreneur's dream... ♪ into a scooter that talks to t cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. ♪ . melissa: so here's a new development courtesy of healthcare reforms. hospitals with happy patients will start getting bonuses from the government. patients fill out a survey from uncle sam to make the determination. so will this program work? here with me is a dr. rhonda scott, executive vice president and chief nursing officer at grady memorial hospital in atlanta where the program is already underway. thanks so much for joining us. i just want to ask you out of the gate. how focused are

facebook.com/melissafrancisfox or follow me on twitter, melissaafrancis. tweeted back a lot of your remarks. >> a presidential diss? mayor bloomberg takes a pass on a presidential visit to new york city. i think it is a smart move. possibly my favorite government official is here to disagree with me. that is coming up next. >>> plus sanctions are sending iran's economy into chaos but its stock market is killing it, gaining 30% in three months. how is this happening? we'll explain it. you can never have too much money. ♪ are we there yet? are we there yet? are we there yet? [ male announcer ] it the question we ask ourselves every day. is it the safest, the most efficient? the kind of vehicle to move not just people... but an industry forward? are we there yet? are we really? [ male announcer ] are we there yet? we are, for now. introducing the all-new seven passenger gl. motor trend's 2013 sport utility of the year. mercedes-benz. the best or nothing. ♪ . melissa: so president obama got a first-hand look at sandy's destruction in new jersey today. governor

like us on facebook.co facebook.com/melissafrancisfox or follow me on twitter at melissaafrancis. >>>y or will he go. ben bernanke reportedly hinting at his future at the fed how the election may determine the outcome coming up next. you can never have too much money. ♪ . 4g lte is the fastest. so, which supeast 4g lte service would yochoose, based on this chart ? don't rush into it, i'm not looking for the fastest answer. obviously verizon. okay, i have a different chart. going that way, does that make a difference ? look at rizon. it's so much more than the other ones. so what if we just changed the format altogether ? ist that the exact same thing ? it's pretty clear. still sticking with verizon. verizon. more 4g lte coverage than all other networks combined. i'i invest in what i know.r. i turned 65 last week. i'm getting married. planning a life. there are risks, sure. but, there's no reward without it. i want to be prepared for the long haul. i see a world bursting with opportunities. india, china, brazil, ishares, small-caps, large-caps, ishares. industrials. low cost. every dol