>> with a name like asman, i am a little envious.tuart varney. this book and my on-air work as well. >> we should not overlook the fact that this is a good book. they think they know what is better for the people they love people themselves do. stuart: the subtitle, charles is theodore and would roll out american residents destroyed constitutional freedom. the judge is not here to defend himself or his book. we will say this for another day. >> what is the name of this book -- show again quixotic. stuart: varney and company. remember

neil: david asman will be coming back next. neil: we have some new faces in the next administration. we have david axelrod leaving and tim geithner likely to follow. they can be very consequential. we have david asman and dee dee with us. to i think it will be more of the same. hope springs eternal and for example, erskine bowles has been thrown into the ring. now, he announced that he's leaving in january. lowering tax rates and increasing -- in other words, he has to pay with a disqualification. neil: dee dee? >> i think he's going to keep it to the left. a lot of people, they are there for 14 months and then move on. that is the average time for a white house staffer. so it would be good for them to have change. that is a healthy thing. neil: you just switch the place settings. they just want to make their own mark. >> president obama is consumed with wanting to make a difference and he has done so. changing the economy through obamacare,. [talking over each other] [talking over each other] >> as he told his russian friend,

we have david asman and dee dee with us. to i think it will be more of the same. that he's leaving in january. lowering tax rates and increasing -- other words, he has to pay with a disqualification. neil: dee dee? >> i think he's going to keep it to the left. a lot of people, they are there for 14 months and thenove on. that is the average time for a white house staffer. so it would be good for them to have change. that is a hethy thing. neil: you just switch the pace settings. they just want to make their own mark. >> president obama is consumed with wantingo make a difference and he has done so. changing the economy through obamacare,. [talng over each other] alking over each other] >> as he told his russia friend, you haven't seen anything yet. neil: bipartisanship reaching t, you don't thinthat's a real? >> again, i don't want to rule out the possibility. i think we will see lot by who plac tim geithner. if he does, he will rely on the business and so forth. but look at what happens. >>e has his friends in there. [talking over each other] >> forgive me, but d

we are joined weight david asman and lori rothman.ity of san francisco is trying to ban nudity. can you imagine? necessary exemptions, preschoolers can still go diaperless. and san francisco has a run that can do naked that is still eligible. [talking over each other] >> by the way, one of the people against this says the officials want to turn the city back into the dark ages of body shame and ar. [laughter] is by putting something between your rear end and the feet. melissa: that smart. a lot of people that we see in the video this should be ashamed. >> did you see the san francisco official names? this is a big joke in the article. why is it that the people who choose to be nudists are always unattractive? melissa: i just don't know. it's never a good thing. next story. american stowaway $282 million of uneaten turkey at thanksgiving. that is about 204 million pounds of meat. >> not at my house. >> we eat the whole thing. >> how the heck do they know? are they going through my garbage? >> turkey is one of those foods that is delici

david asman getting ready for that. david: we are looking at interesting moves. starbucks. gainer. liz: let's go to nicole petallides. better than expected jobs report. why weren't traitors impressed with the numbers? nicole: when you hear all the experts talk about the facts of rate of growth we are seeing, it will take nine or ten years to get back to normal levels for an appointment. that certainly does not make you feel like you should be fine this market on the contrary. short-term selling going on right now. david: look at what happened to apple. the last time i looked it was down $21. over 3% loss in just one day. 3.5% off now. nicole: it is very interesting. it looked as if it was going higher. i solved the lines for the ipad many. today, it is selling into the close. liz: energy one of the worst performing sectors today. we have natural gas significantly lower. what are the names behind all of that? nicole: i would certainly put chevron and chesapeake in there. they both came out with numbers and earnings. we are not seeing production from chevron. they did not mee

honeywell coming up, just in a meeting with president obama, so let's begin after the bell with david asmanvid: a lot of people sit in it he started talking the market went down. i think it was much more to do with what the federal reserve was saying about when they may raise rates. they broach the subject of raising rates even though it is in the future. liz: that and possibly qe4 and people trying to blame the president. we know nicole petallides talking to all the traders and accelerating losses into the close. nicole: he said we have further to go to the downside, looking at the technicals were not actually by the market until we were a nice pop for facebook. liz: on the down day, abercrombie and fitch came out with sales just down on fifth avenue can see there is always a line for this company. nicole: they were down 36% year-to-date after the close. today a complete turnaround saying the sales are doing well. good numbers for abercrombie. david: left the president off the hook for today's action but look at the five days since the president was reelected. it is not a good

dagen: thank you, david, love you, david asman. the holiday shopping rush is on. toys "r" us, one of the several big name stores opening last night. did it work? the chairman and ceo of toys "r" us is here. big labor bearing down on wal-mart out prozesting when they will get the most attention, of course. will it hurt sales at the country's largest private employer? if you can stomach anymore travel after the holidays, bestfares.com's ceo says there's wild and crazy deals straight ahead. he is here. top of the hour, stocks now and over 15 minutes, report gray on the floor. robert, triple digit gain, baby. >> you got it. the traders calling it a meltup. light volume today, a shortened day, the bell ringing at 1 p.m. eastern time. we are seeing 110 point gain on the dow, creeping up on 13,000 again, s&p at 1400. they are higher at one time or another during today's trading session. industry groups higher as well. in fact, at one point, saw just one or two stocks and s&p 500 lower on the day. what you see as the traders say, don't buy, and seasonality in play here. w

david asman and tracy byrnes save me from myself for the last hour.ave: you have that are your eyes right now? tracy: cheryl needs to soak her feet. dave: look at this, 1:51 a run on the market. these are the day's highs. session highs. not that way. tracy: the sun is out and i am full from yesterday. dave: tracy is in for liz. let's go to robert gray at the new york stock exchange. great news we are trading high into the end of the session and the end of the week. a good black friday. robert: very bullish black friday indeed. you mentioned session highs making a run for a 13,000 level, volume today very light. that is anticipated, the closing bell coming several hours early today but we have the run up today, a broad based rally. all the industry groups with the exception of utility's continuing their sell-off we have seen this fall particularly picking up steam after the election. a lot of concerns about the dividend prospects for those companies but broadbased being led by consumer stocks on black friday. a couple minutes to go. we are heading for

today we have david asman and sandy cohen. first up, i went to promote my book.mentioned that? have you not thought it? well, what else i ended up doing, well, you have to hear this. i stuck around for a bookshelf and i ate a bug. this is how desperate i am to sell this book. >> that is a fried grasshopper. >> he ate the whole entire thing. i about died. so now you say this like you are a big bug eater. >> it's a delicacy. they eat them all the time in spanish. it looked like a shish kebab. >> we still love you even though you eat a grasshoppers. >> it's great protean. they are tasty and crunchy. >> they taste horrible. >> you're probably healthier for matt for meeting matt mcdonald mcdonald to are you with me? [talking over each other] [talking over each other] >> it is so adventuresome. good for you for going for it. >> when they invite you on, you have to do whatever you need to do. i have to prove to my publisher that i'm doing the right thing. they also have coleslaw mix with cockroaches. >> there was a centipede that was very annoying that they ate. and it

. ♪ melissa: it's time for fun with spare change, david asman is back. >> i love being surrounded by. melissa: i love it, it is halloween, but not in new jersey, due to superstorm sandy, governor chris cristy is y is post -- chris cristchris christie is pog holiday until monday are you kidding me. other towns in pennsylvania and connecticut are doing it too. the second the show is over, i'm going trick-or-treating. >> this is so bloomberg, this is so bloomberg. >> an evil plot, think of all that halloween candy, i have had in my house, it would be in my stomach, i would again 30-pounds. >> chris christie is losing 200-pound then on the same food kick this bloomberg is on, and then he will make candy illegal. melissa: did you hear bloomberg is only allowing you to givous little minis. i could see him to that. we would get violent. >> keep halloween, cancel the marathon. >> they cancelled halloween parade. nothing is more funny than seeing a bunch of transvestites in the village dressed up, well, like any other night. melissa: a great way to lose weight on halloween, british researcher

let's go to david asman. dave: i'm holding my hand some of the coal stocks. saying if he was president he would push coal. no longer, going down double digits. we will tell you how much in just a moment. liz: we will ask wilbur ross about that. let's go to nicole petallides as we're looking at a market that loses steam, what is the biggest concern out there? nicole: the biggest concern is the next four years and how it will play out. they have had other ideas with the administration and business and financials and insurers and coal stocks and energy stocks coming under pressure because of some of the policies in place or will go into place. david: we're looking at bank of america down 7%. morgan stanley was down over 8% and even some like jpmorgan, goldman sachs down 5%. that was all over the board. nicole: they were really the biggest losers on the dow jones industrial. down 300 points on wall street going into the closing bell. financials were a big loser. liz: one sector that outperformed today. this is a neat trick, those were the hospital names. why? >>

the very own sandra smith and davi asman. thank you to all of you. all right. watch this.ve this video. thieves on motorcycles inside a london mall. six men drove into the mall with es and bats. you can see one of them waving an axe around. this is not a movie. this is real. they're robbing a jewelry store and made off with hundreds of thousands of dollars worth of watches. plight -- pplice found the motorcycles at a nearby golf course within an hour but there are still looking to the suspects. i think that is one of the weakest parts. they drove to a golf course. the good thing, nobody was hrt here. >> there was a woman who actually had a heart attack afterwards because she was so shocked. it reminded me of the chain snatchers. you were in chicago, but there was this era back in the late 80's and early 90's. before ready guliani came in. these changes would go lie on motorcycles and grab women's chains. sometimes they dragged into their deaths. i'm hoping that wat happens in london stays in london. melissa: why would you go inside the mall toob a jewelry store. >> for the

now to david asman. the market opened lower, went higher, now we'r we are down lor again.: they're settling into the end of the day. we will be following that very closely. what is it they want to do as you can see the market is trading significantly lower than it has been for most of the day trading down into the close. nicole petallides at the new york stock exchange. little early to talk about amd, but they have contacted jpmorgan chase to check out their options. a lot of people take a look at intel. nicole: the stock was on the move trading as high as 235. down nearly 65% this year, so the fact they are out exploring options gives it an immediate pop and of course we will learn more. david: the head of the whole windows program left early on, that really hurt the stock big time, didn't it? nicole: little crazy to have him step down after being there for 23 years, potentially the next ceo of the company and suddenly he is out and it is mutual, what went wrong? vi

yes, we have two minutes to go before that closing bell, so let's go to david asman. david: i love leo hint ri, one of the best guys in business, also a political pontificator extraordinary, he's going to be joining us to talk about how the election might affect business. but let's first go to nicole petallides and see what the reason for this mild day on the @%ock market, and i guess it's just because everybody's on hold until the election's over. >> that's right. we've been hovering around this unchanged line, and we've seen the major market averages go back and forth, dave and liz, but tomorrow is the day that many people have been waiting for and, of course, as businesses try to figure out volume, about 15% lower than normal as people sort of sit on the sidelines, wait and see. liz: netflix seeing a little pop today, the company adopting a poison pill to try and keep carl icahn from digging his arms in elbows deep into that company. >> right. that's really the shareholders say, no, no, we won't go, or at least we won't go that easily. and so by adopting this poiso

david asman just joined us right now. >> it's unbelievable. again, this is sort of the revenge, the democratic revenge for the year 2000 when you have a popular vote won by somebody other than he who won the presidency. the question is really the mandate. we heard a lot of talk about whether either one of these presidential candidates would be able to claim a mandate. can you claim a mandate if you've lost popular vote? the president has gone on with a lot of policies, including obamacare without a mandate. neil: i don't mean to interrupt you, but when they get the complete tally -- >> it may change. there are a number of things that the president would like to put in the usually require a mandate. the tax increases, of course, for most. but perhaps we will revisit kampen trade. obviously it was something that members of congress were for. eventually it was not to be, and the president was using his executive powers to put through a lot of the provisions of captain trade which would really cut into fossil fuel industries. again, when he tried

let's see what david asman can do preparing for "after the bell." david: the hedge funds, stephen cohen hit by charges from the fcc, people from within his group, implications are that, in fact, there was some inside trading going on. if true, it could be the biggest insider trading cases in history. a lot of big news coming down. nicole at the new york stock exchange. hp, the big news this morning, they way over paid for the company they bought by billions of dollars, and the stock is getting hammered. >> hammered, indeed. down to ten-year lows for packard. the reason we're in the red here going into the close, and they are down, 8.8 billion for the software company they bought last year and didn't understand the financials. they were hidden. liz: i could use coffee, and green mountain perking up by a percent. is that a pop? it's not that great. >> they are getting a new ceo. earlier, today, they were up over 6%. lost the gains, liz, so you're right, but holding green is a good sign. david: another stock in the green, jppenny hit, 51% down, a nice

time to say hello to david asman. david: hello there.e're seeing the market not as bad as it was earlier today, but the nasdaq tech stocks are roaring ahead like apple, facebook. nicole petallides wearing red, ebay is having a great day, the highest level since 2005. nicole: that is right. so let's take a look, ebay hitting a multiyear high. this is all on cyber monday. the numbers up 57% year-over-year. david: let's talk about apple for a second. now it is popping very well today. lot of price targets have come down quite a bit, bullish on apple are bringing down their target quite a bit, right? nicole: 800, 900,000. now they're being a little bit more realistic. a buy rating, $675. bringing it closer to the all-time high. liz: people who stuck with best buy are happy today. suddenly somebody decides we like it. nicole: that is right, talking about sales, they have been a big factor. best buy up almost 7% talking about electronics. david: face

that is it for me, but i will send it over to david asman and sandra smith.: thank you very much. we have sandra smith in for liz claman. good to see you. nicole petallides on the floor of the new york stock exchange. we have to emphasize no bond trading today, it is a slow day, not a lot of market activity but look at the vix. last time i looked at was down about 9%. all that volatility kind of being squeezed out of the system after the election, right? nicole: on the one hand the volatility concern has passed, but now there is fiscal cliff worry. the uncertainty still remains a certain extent. sandra: jcpenney continues to be a big story hitting a new low. investors are not running from their strategy, they are still sticking to it. nicole: jcpenney had this strategy, no sales, no coupons, they're actually going to do one on black friday. the big picture is this stock has been a big loser since 2008. david: an unusual case for apple, just can't seem to get a break, can it?

today we've got attorney mercedes colwin and our david asman. thanks for coming on. went on local fox 5, to promight my book, diary of a stage mortgage's daughter? have you heard about this? have i tried to sell it to you yet? have you not bought it? what else did i do? you've got to see this. i stuck around for a bug shot and a i ate a bug. >> oh, my god. did you keep it down? melissa: this is how desperate i am to sell the book. oh! that is a giant fried grasshopper. he ate the whole entire thing. i as you can see almost died. now you say this like you're a big bug eater. >> [speaking spanish] i used to work in mexico. that is grasshopper in spanish. and they eat it all the time. put them in tacos. it looked like a shish-kabob. melissa: it was sitting on a shish-kabob. >> we still like you even though you ate a grass hopper. they're great. it is great protein. they're great protein. they're tasty and crunchy. melissa: i have felt horrible all day i got to tell you. >> probably healthier from that you would be from eating at mcdonald's. melissa: i feel awful. merced

david asman is with us and nicole petallides on the floor of the stock exchange. let's look at the beverage company monster. nicole: stock to the downside this morning. we have been familiar with a lot of investigations to the safety of the energy drinks. monster holds strong saying there are no issues with their drinks. there have been hard attacks and questions. they came with numbers smaller than expected profit and spending on promotional spending so we are seeing stock with a down arrow. stuart: republicans and democrats on capitol hill are working on ways to avoid the fiscal cliff and they disagree about it but i am inclined to that tax hikes are coming our way and soon. sofer's to david. you agree with that. dave: not entirely. this is the simpson-bowles report brought out five democratic senators voted in favor of this. this lowers tax rates to a top rate 23%. if you keep -- and keep some deductions. alan simpson co-author of this report says you don't have to raise taxes. go into this tax code where there are $1 trillion of tax expenditures and tax year m

charles payne is here, david asman is back and nicole petallides from the floor of the new york stockaling with a big story, nicole, hewlett-packard says it was scammed by british company called autonomy, says autonomy fraudulently inflated its value before hp paid 010 billion for it. that's why the stock is down i guess. >> and they're taking 8.8 billion dollar charge improprieties, with that the stock has sold off dramatically. it's down 13%, number one loser in the dow jones industrials, also, in the s&p 500 and this stock, stuarts, is at a 10-year low. stuart: i've got to say i feel bad for meg whitman. she's taken offer this company and tried to turn around a technology giant and now she's got to worry about what happened with her predecessor and the purchase of this british company. it's a tough row it hoe, is it not? >> and i feel badly for her as well and hewlett-packard has gone through had a slew of ceo's and heads of the company and it's just one issue after another. and this is today's big issue. stuart: it's bad to see hp laid as low as this and there you have it. nicole,

liz claman, david asman will have all the action at 4:00 p.m. eastern. tracy: how should you adjust your portfolio based on who will win this election? we have a billion dollar money manager to weigh in next. lori: check the dollar against its major trading partners. it is always weaker today. look at compared to the euro. making up a little ground after the dollar soared yesterday after concerns about the european sovereign debt crisis. we have pictures out of greece showing people not happy with the us tart measures. civil unrest might be next. not yet but that might be the risk. we'll be back with more after this lori: you could say many anticipated decisions coming from today's legislation but america's next president is not only one. one verdict which polls got it right. dennis kneale covering the story he joins us now. dennis, especially this last week we've been in poll overload mode. >> they're all over the place. let's talk about lies, damn lies and poll statistics. proliferation of polls tracking this too tight to call presidential race. they c

: please stay with fox business for complete coverage and after the bell with liz claman and david asmanotorists try to figure out how to get gas in their vehicles and pick up fallen trees up, we check it out with our reporter. cheryl: as we go to the break, check out the winners and losers were today. green mountain coffee rose. starbucks main competitor. we will be back after this cheryl: did you hear this? united airlines pilot unable to get the kennedy airport landing in new york city because he was the only person in his car and there was a three person minimum. his flight missed his departure. there were a plane full of people waiting for him. peter burns is at reagan national airport with the status. reporter: according to the airlines, things will be back to normal by tomorrow. data collected by flight aware.com shows that the airlines are reporting just 18 cancellations for tomorrow. today, they had nearly 700. yesterday, over 3000. for the whole hurricane event, 20,800, according to this data. we have more passengers here at reagan national airport today than when we were here.

it right here because after the meeting with the president, david cote joins liz claman and david asman. melissa: as we have been hearing the fiscal cliff is getting all the attention the next guest says what you should really be worried about is expanding consumer debt. anthony, why do you think this should be the focus right now? what are we talking about here? >> credit card debt, student loans, private debt beyond consumer credit, mortgage debt. which is not deleveraging as fast as housing prices are. we will have a lot of people paying down debt, not spending money on the economy, and a lot of businesses that are going to be paying down their debt as opposed to expanding and hiring people. lori: is supposed to affect wealthier americans. others who don't have threshold of 250 for families but my point is, these are people that can handle a debt burden. so you can increase their taxes. >> some people to increase their taxes than they can handle it but a lot of those people in that category are businesses raising taxes on those businesses means they will pay down their debt even slow

. >> first, check with david asman before i look at what's coming up at the top of the hour. >> goode, major strikes across america this busy holiday weekend. are their protests justified for another strike against the economy and giving thanks for handouts? one government agency promoting welfare give aways to new immigrants. can america afford this? federal workers have a message for congress when it returns to the fiscal cliff next week, layoff. they say they've already paid their debts, but have they? the cost of freedom at the top of the hour. we'll see you then. tends to . while a body in motion tends to stay in motion. staying active can actually ease arthritis sympto. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or without food. and it's n