what are you watching on election companies >> no matter the outcome, definitely cannabis wins a blue waveld equal a green wave but state ballots which new jersey is the most important, but arizona also some conservative states will send a message to the more conservative states. look at the charts of the big msos they are things of beauty. they are extending upon the august earning cycle these things rallied into earnings three qs earnings is another catalyst the big holy grail for the industry is to what extent institutions can invest in this sector i don't think anything that happens tonight or tomorrow or in the next three weeks will bring institutions overnight because many will need federal legalization but it is huge some names in my etf, itr has done well. you mentioned gw phrma i think one of the most fund lit sound. that's the way to play u.s. names at a time when this election -- either way i think cannabis wins, but a blue wave would be massive for cannabis. >> i echo a lot of the same sentiments i think you will see a more liberal approach i also think you will see similar --

, where is the blue wave? the georgia legislature did not change. as a matter of fact, one or two exchange of seats. the blue wave didn't happen here. it didn't happen across this country.

the last point is that about this election, we could, if we had a blue wave we might not get further stimulus until february or maybe even a bit longer you know, i know people are really excited about theis m number, that's backward looking, what i'm looking at is this huge chaz if you will, of american citizens literally having a very tough time so i think the outlook going forward for a lot of these names that we're relying on consumer spending when they had expanded unemployment benefits is not this i think the next few months will be a lot harder than what today's market action is telling us about anyoptimism about the economy. >> maybe that's why a pop after a blue wave could be very short lived. it's true if we don't get stimulus until next year could not only cause damage to the economy now but could cause lasting scars with more people out of the work longer who will need new skills when they come out of it, they might have jobs that don't exist the longer this goes on so we're looking at consequences wait forge the stimulus, even if the markets say it's coming, it may not be

i'm betting if there was a blue wave, jim, caterpillar would be up 5%, not down 5% >> i think that's fair to say. caterpillar is emblematic of this reversal we've seen where cyclicals have led growth. the question is, obviously whether we get stimulus, how much of it, but where do we go from here in terms of the markets overall and value versus growth i want to make a very strong point. if you were in caterpillar because you felt the next year or two or three were good prospectively for it, today is not a day to throw in the towel. and i want to give you a solid piece of evidence for that if we went back two weeks ago and you told me today that we would have an undecided election, it would be coming down to the mail-in ballots which will be counted and the president is putting out what you rightly call fog, i would not tell you nor would you tell me that today we'll be up 3% on the s&p 500. that does not compute. what it tells you is you should not be trying to trade these events even if you think you know the outcome you should be taking a stock like caterpillar and say if i look fo

we start analyzing trading and the bet for a blue wave. of: big gains in the course theory, which doesn't tell you anything about the electoral outcome, but tells us that the markets are not expecting a massive gridlock or something problematic. if you look at the flows, there things.e interesting st voo, that is an interesting one. , also rallying. that is not dramatic, one week of flows, but that would be consistent with the election marking some sort of rotation point, which is a theme we have been talking about a lot. romaine: an interesting graphic there, joe. i also find it interesting that i am in a blue suit and purple tie today. shoot., i was not supposed to wear a blue suit today. i spent all day picking out my tie and i was not supposed to a blue suit. let's bring in sarah ponczek. everything green for the most part. anything to read into it? anyone you talked to spoke about connections between the action and what is happening in the vote? sarah: to be honest, it is difficult to read into. if we dig into what happened four years

we already have that play book blue wave you see the most change >> steph, i think the only -- i think you're dead right on the markets preferring gridlock. i think the only couple of exceptions there, there's a really big one, which is stimulus i think the market would say gridlock would be nice but $3 trillion raining down on states, cities, people with less than $100,000 in income, people on food stamps, like that actually would be preferably to gridlock and that's literally on the docket for february in a blue wave scenario. so i think that is an exception to the preference. >> but, josh, i'm not saying -- i think gridlock for most of the thi things that biden wants to get through. but they all agree that stimulus has to happen. it just a matt it's just a matter of the dolla size >> also where it goes is different, too >> well, that's true but you're going to get it. you have to get it you can't have 9 million people unemployed you can't have small/medium businesses closing every day we're going to get it. it's the amount we're going to get. that's going to depend on the mix of con

they expected a blue wave. they thought that that would cause the bond yields to surge with an increase in spending yes, there was going to be an increase set of tabulation that the democrats are all three branches of government under control and today they have decided it's going to be a divide government that is going to be more of a gridlock in terms of decision-making, and let us look at why the markets are getting it right at least temporarily the equities are surge thinking that the democrats are not winning all three branches is positive they are looking for the fact that capital gains tax will not increase, and you do not have to sell your stocks in 2020 other than 2021 or later that is causing the prices to go up on the equity side. on the bond side, i was surprised last night when i was watching the asian market and the ten-year yield went to 94 basis point, and i thought it was not sustainable, but i was surprised to see the extent of decline and now i think the ten-year yield is headed much further

the big grower all hoping for a blue wave election that did not happen. the stocks got hammered today. still, this was a big night for the industry so let's take a check-in with david kline, the ceo of cannabis corporation. mr. kline, welcome back to "mad money. >> good to be here what's better for your industry? a president like biden who shares the idea or at least his vice president that things should be legalized nationwide or a lot of big states voting in favor of having legal weed >> well, i think you are on the right point because what we saw yesterday was momentum because what we really need is flip the senate over to pro-cannabis at some point in time if you continue to win states like some of the states yesterday which are traditionally conservative states they'll ultimately bring their senators along with them we think that momentum will carry permissibility in the not too distance future. >> i don't think of these states as states that would say hey send some pot heads in here. >> i think even a state like new jersey have ramifications beyond

i feel at the market is trying to understand the distinction between a blue wave and a light blue wave, when you have a slight majority in the senate, but that doesn't mean all of a .udden something gets through jeanne: i am not one who think we are going to have a blue wave, where democrats take the and weby huge numbers really get this unprecedented support for far progressive policy. we need to remember that some of these candidates are running in districts that are not incredibly progressive or liberal. they are more purple districts. i think we are looking at, if anything, more of a light blue wave. i think democrats have a chance now to pick up between two to five or six seats in the senate. with democrats in control, certainly if they take the white house and the senate, we could see policy changes afoot. certainly pulling back on some , andat president has done under mitch mcconnell, the senate has done in the last four years. guy: what do you think the period between now and christmas looks like if trump wins? jeanne: it is such a good question. if trump wins, i think we are p

the market was baking in a blue wave. the polls was baking -- the polls were breaking in a blue wave. it was really only the betting that seem to get it right. greg: i think there will be a re-examination of the polling industry again in the united states. four years ago, donald trump was more likely than not to lose the presidency. he lost the popular vote by about two percentage points, but college,e electoral which is what matters. he has a much tougher path to hold onto the presidency, than joe biden, who has a clearer path to the presidency, but, really, you are right. republicans definitely over performed compared to expectations. republicans are probably going to hold the majority of the senate by a very narrow margin. they may gain in the house of representatives when nonpartisan prognosticators predicted the republicans would lose seats. taylor: what is the mandate? the senate, at least, by now seeming to stay red. pelosi losing some of her majority. : the senate will almost certainly stay in republican hands by

in what way did the blue wave fail?ry: i think the blue wave failed frankly because it is a classic example of people talking themselves into what they wanted to believe, combined with poor supporting information to back it up. there is an underestimation, as you can see from the election results, of just how much support there is for president trump, and beyond that, how much support there is for republicans generally, and secondly, for a lot of the unknowns that i was pointing out in the weeks before the election, including the potential effects of things like lockdown effects and battlegrounds, and the effects of constant civil unrest and the effects of crime in a variety of cities. andle want what they want, the country is certainly well people, but these believe what they believe, and they are coming out to back it up. i think people ought to take away from this, don't talk yourself into the coastal narrative, because that is not where it is. jonathan: it is really important to talk about turnout. turnout was huge,

>> it is not a blue wave >> it's nothing like a blue wave or a tidal wave. >> it's not a blue wave. in retrospect was wrong. it was a blue wave, with democrats winning by a historic margin and a national repudiation of trump and the gop. watching all that early punditry was like watching jim nantz call the game for the jets after the first drive because they kicked a field goal "tony, i just don't see how the chiefs come back from this, and i'm sorry, while i was talking the chiefs have scored 21 points. last night, early in the night, we all started to get that queasy feeling that it was 2016 all over again. i spent most of the night clenching so hard i have six pack abs now and in those moments, i will say, i was very happy that we weren't doing a live show. it's like, no one wants to have a panic attack, but if you're going to, you'd prefer to have it alone in your apartment instead of on the subway in rush hour but this morning, as millions of votes actually got counted, it's starting to feel much more like 2018 for one thing, biden is on track to win a large popular vote victor

there is no blue wave that they predicted. they thought there was going to be a big blue wave. that was false. instead, there was a big red wave and it's been properly acknowledged by the media. i think they were very impressed, but that was after the fact. that doesn't do us any good. we kept the senate, despite having twice as many seats to protect as democrats. and really, and much more competitive states, we did a fantastic job with the senate. i think we're very proud of what's happened there. they spent more on senate races in south carolina and kentucky alone, two braces and hundreds -- races and hundreds of millions of dollars against us. opponents and major donors were wall street bankers and special interests. our major donors were police officers, farmers, and everyday citizens. for the first time ever, we lost zero races in the house. i was talking to kevin mccarthy sick today -- kevin mccarthy today. he said he couldn't believe it. seats, with many more on the way. this is also the year of the republican woman. more republican women were elected to congress than eve

both for talking us through it this hour really appreciate it. >>> for all the talk of a possible blue wave tonight, well, it's still worth looking at how blue the wave might be. what do we mean? the candidate who might slip seats to democrats are playing up their moderate side. >> reporter: the democrats are mapping back a path back in the senate relying on moderate candidates in a growing number of competitive states. take a look at iowa. that used to be a long shot but now theresa greenfield is neck and neck with current gop senator joni ernst greenfield is against the green new deal and expanding the courts and is billing herself as pragmatic rather than political. meanwhile in arizona, astronaut mark kelly has been consistently ahead in the polls against incumbent republican martha mcsally. his campaign is touting his independent leadership, and we're seeing similar dynamics play out in colorado and in texas. now, this is not a new strategy. it is the same one that democrats used back in 2018 to flip control of the house, and that is forcing some realignment in the business community.

do you think the united states havebe less green if we not had the blue wave? there is the government and certain policies but there is also international companies in the united states are in sectors which show the world how things are working. no matter which companies i've been talking to about customers and investors, they all say sustainability is economically feasible. sustainability is the play of the future. look at the oil and gas sector. i've been talking to companies. they all say we have to go down with our emissions. help us how we can make the oil greener with less omission. create fuels? they are all after sustainability in an economically feasible and responsible way. that is important big sometimes activists tend to push us into very quick changes. but the fact of the matter is the world is the world we have. shareholder investors need to be responsible. responsibility as a global company leader that we are responsible to act for today's world, for a better future world and keeping people out of poverty. that is a responsibility. have,he govern

and to wrap it up, i think the blue wave had pulled money towards that trade and accelerated it, but i don't think that shift happens i think it does. first of all, i think you have the recovery intact. decent employment numbers today. earnings, companies boating the earnings average by three or four you end up with some stimulus, a vaccine, earnings growth, you have materials and discretionary materials set to grow over the next couple years. >> let's see how to play the markets as we get closer to an answer on the market michelle, did i pronounce your name right let's assume that mr. biden asen ascends to the presidency next january 20 we know the democrats with a narrow majority will hold onto the house. what sectors benefit under a divided government scenario? >> i think you are looking at strength pushing into energy because it has been so weak this year now we know that regulation of energy is not going to be what we thought it was. here in texas there won't be an end to fracking. looking at the factor, won't be a press for regulation on those. every time we come out of an elec

em th -- eem this would have been bigger had we gotten a blue wave. i like the up calls in january i'll probably be in these about two months, eem. take a look at upwork. we been in and out since it was a multiple stock in february multiple readings. that's why this one is getting a lot of love today. up side call buying here at the november 30 strike lastly, scott, zenga, january 9 calls, big buying in this one as well, 27,000 there's a lot of robin hoodsters in this one. i like it, i'll probably be in these about as long as the mont. >> good stuff. let's talk silver. silver prices are rallying we'll do it next on "the half. at dell technologies, we started by making the cloud easier to manage. but we didn't stop there. we made a cloud flexible enough to adapt to any size business. no matter what it does, or how it changes. and we kept going. so you only pay for what you use. because at dell technologies, we stop...at nothing. ♪ you're choosing becawhento get connectedgies, weto xfinity mobile,. to the most reliable network nationwide, now with 5g in

, you started to see a lot more wall street research come in with the words blue wave at the top and as a result there were certain factor tilts that people were pursuing to capitalize on that ahead of election day a lot of traders have learned from mistakes from 2016 and that kind of goes to the point that we mentioned about conviction and the lack of leverage that people were kind of trading this but they were trading it not in a way that was just overwhelming so you started to see i think the number is about a 2% to 5% lift in value so not an overwhelming, you know, 10% gain in these names that would suggest kind of more conviction and more trust in the polling data that they saw because back in 2016 a lot of hedge funds got flatfooted when they were on the opposite side of the trade because they were relying too much on the polls to base their bets on. >> leslie and kate, thank you both very much for that. >>> health care is the best performing sector today, some names seeing double digit gains. up next we will talk with former sharon plow ceo if he had mass thses theyory rac

but the blue wave didn't happen.t it looked like it was going to be a red wave so the markets are liking this because now you're going to have a more conservative senate and maybe you'll get rid of the chaos of trump if michigan and wisconsin hold here, but it was still -- you know, i think democrats went in, at least a lot of the friends i had thinking this was a mandate on who we were and woke up and say, okay, we didn't win the moral victory. it wasn't a repudiation of all things trump quite the opposite actually. we're praying we win the political victory and i think we very well might. you know, it's going to be a 6 or 7 million i'm guessing popular vote victory hopefully we eke out this electoral college. >> but, mike, what's -- but what's the lesson of this? whether you are ultimately victorious or not just given how close it appears, you talk about at least close from an electoral college perspective, i know there's larger debates about that you talk about a moral victory i imagine that's part of a conversati

blue i'm saying a light wave, not the title blue wave that some people are talking about. -- not the title wave people are talking about. people easy will -- he will easily win the popular vote by 5 million, 6 million, 7 million votes. the only intriguing market is the senate. i think the democrats could gain senate control by one seat, navy even in a tie. that is not a blue wave. -- maybe even in a tie. that is not a blue wave. get a lot ofeds to people through, and i don't see that happening tonight. francine: given that you don't see pennsylvania called until friday morning, what happens in the media -- in the immediate aftermath? as a foreigner, i have to say it is pretty shocking to think of a transition of power that could not be smooth in the u.s., that could lead to rioting in the streets. greg: we could see a pretty good night for the republicans because so many democrats have already voted. i think of the 100 million voters, 60% to 70% voted for biden, but we get the makeup of that tonight. in driving through downtown d.c. yesterday, the whole city is boarded up. they are pr

there was no blue wave they predicted. they thought there would be a big blue wave. that was false. one for suppression reasons but instead there was a big red wave. and it has been properly acknowledged actually by the media. they were i think very impressed this was after the fact. that doesn't do us any good. we kept the senate despite twice as many seats to defend as democrats. and in a really much more competitive states we've did a fantastic job with the senate. we're very proud what happened there. many more seats to defend. they spent almost $200 million on senate races in south carolina and kentucky alone. two races and hundreds of millions of dollars overall against us. as national level our opponents major donors were wall street bankers and special interests. our major donors were police officers, farmers, everyday citizens. for the first time ever we lost zero races in the house. i was talking to kevin mccarthy today. he said he couldn't believe it. zero races. very unusual thing. zero. we won many new seats with i think many more on the way. this was also the year of th

i expected some kind of a blue wave, not a massive wave, a least small kind of blue wave. this nailbiting outcome that we have seen. to be honest with you personally, i am quite shocked at the amount of support president trump has received. he has also increased his popular vote. his popular vote has not gone down. it shows you within the united states, there were two very different visions of what the future should be. unless someone can heal that divide, the united states remains a wounded country. it is in our interest in asia to see the united states not divided, not wounded but comeback as a strong country. i am afraid that is all we have time for. thank you for joining us. coming up, the short suspension of ant group may be the china's --f ♪ ♪ sudden shelving ipo raisesgroup questions of what went afoul. let's get to our chief asia correspondent, stephen engle. -- they called off the ipo. >> i think it is a combination of many things. first of all, you can look at the regulations the chinese authorities want to limit on such fintech groups as ant group . the governme

a blue wave results in a 12% gain, and a red wave, the smallest. then there is also flows.the first four days of the week, we saw money move into health and financials, which is interesting. how people were underweight the financial sector more than anything else. morgan stanley did say that banks will thrive with political gridlock. health care, the thinking is divided government benefits to them because there will not be movement drug pricing and obamacare will not be replaced. the dollar has been the other big theme. a down week for the u.s. dollar. joe biden is seen as negative for the dollar. we heard a trump reelection would have been positive. on top of that, you have the federal reserve yesterday makeling that it will monetary policy as accommodative as possible, given that they see more potential weakness for the economy ahead, especially with another wave of covid around the corner. david: thank you for that report. up next, vice president biden may have won the presidency but the american electorate pretty much rejected the more progressive policies that some in

hope that a blue wave turning into a wash.that could have an impact on a stimulus mike, great to have you on a day like today there is a lot that is unknown, but an argument could be made that the democrats' power in congress is weakened, they didn't take the senate how does this influence the fight for a stimulus package >> if you get a biden presidency, and we are headed there. as you know we are not there, but the vice president is on route to 270 electoral votes his style is crimped by this, including a stimulus package you are right -- were people surprised? it would be hard to find somebody in washington who thought that republicans would keep the senate. it would be harder to find someone in washington who would say that the republicans were going to gain seats in the house. it will be hard for him to go as ambitious. joe biden wants to go big. he wants to show the government can work he wants to do a lot >> gop senators look very smart in terms of the chess game they played down the stretch of this election and pulling

there was no blue wave yesterday.the senate they may lose one seat maybe not. they'll maintain the majority in the senate that says, guess what, no socialism, no major tax hikes to destroy the economy. also, no blue wave in the house. so far, gop has picked up at least four seats in the house. this is a very strong day for the republican party and its principals of free enterprise, low taxes and regulations. maintain energy and independence president trump's agenda did very well yesterday. >> you are absolutely correct. no blue wave one thing we can agree is apparent right now if the counting were to stop right now, your candidate would lose biden would get to 270 and win the presidency i wonder if that prospect does come to fruition what do you see the next two months like for you, for the administration as it potentially exists what is it you would like to accomplish >> on that first point, david. look, this is not unusual. counting is not going to stop. they are going to go through as long as they are legal ballots

i think it was absolutely no blue wave.i would argue yesterday that in person voting there is a red way. president trump won florida by almost 5% in 2016 he beat hillary clinton by nearly 1%. he really turned out unbelievable amounts of voters but especially latino black community that we talked about earlier. the next presence either donald trump or mitch mcconnell. and if biden became president, he get as much done in this next presidency as he did in 47 years which is in nothing. i think as a president who be completely crippled by a republican led senate. kennedy:'s are something good, katherine about not having the hat trick for democrats and taxis are not going to go up by $4 trillion? >> is a certain type of libertarian who likes gridlock. i have been optical about thesi thesis. if spending actually goes up under mixed leadership governments. so a sum of his looking to keep those numbers low, that reduces my gridlock fandom. however, i'm so disillusioned with both of the parties right now for the idea that getting ei

because there was supposed to be a blue wave that would have made your situation even worse.till in the minority there in the house but you weren't supposed to pick up seats. >> well, the conventional wisdom was the president trump was supposed to get beat in a landslide, but they were supposed to -- the u.s. senate was supposed to go to democrats and we were going to lose a bunch of seats and as you pointed out, we kept the senate, where picking up seats because we were in a number of great candidates, a number of good conservative women candidates and a lot of districts so we are picking up seats in the house and frankly, the president is ahead in north carolina, georgia, pennsylvania, and making up ground in arizona -- and he can still win this thing, so it is a good night i think overall when you look at that picture based on what the conventional wisdom was prior to the election. as far as the infighting goes with the democrats, frankly, i hope they keep it up because the more they are infighting, the less they are going to be going after your rights, your liberties, and

before the election it was all about the blue wave and how you were going to get this massive stimuluss going to drive the market. now it's about glued lock, that we're not -- gridlock, we're not going to get tax increases, massive spending, but without the tax increases, everything's going to be okay. we're basically going to have status quo with some small changes around the edges, and you could even get lucky e and see a little cooperation between biden and mcconnell who knew each other from years in the senate, actually worked together when biden was the vice president and mcconnell was in the senate. so there's actually a lot of optimism that gridlock is going to be good. [laughter] jack: i remember that word, cooperation. haven't heard it in a while, but i do remember that term. what are you looking for in the next few weeks? >> i really think this is more about the economy, that we've been seeing the data come in, and it's fantastic. the manufacturing survey was great showing continued growth, our payroll report today, the unemployment rate dropped. the economy is just fantastic

that they predicted they thought there was going to be a big blue wave that was false it was done for suppression reasons but instead there was a big red wave. and it's been properly acknowledged actually by the media they were i think very impressed but that was after the fact that doesn't do us any good we kept the senate despite having twice as many seats to defend as democrats and in a really much more competitive states we've we did a fantastic with the senate i think we're very proud of what's happened there with many more seats to defend they spent almost $200000000.00 on senate races in south carolina and kentucky alone 2 races and hundreds of millions of dollars overall against us at the national level our opponent's major donors were wall street bankers and special interests our major donors were police officers farmers every day citizens yet for the 1st time ever we lost 0 races in the house and i was talking to kevin mccarthy today said he couldn't believe it 0 races very unusual things 0 and actually won many new seats with i think many more in the way this was also t

click or call today. ♪ ♪ liz: no blue wave, knowed red wave, not -- no red wave, not even a presidentialne thing we do know, the balance of power remains, right? the senate is going to stay in the control of the republican party after the democrats were unable to flip four seats to gain control. but the democrats were able to hold on to a majority in the house of representatives. the republican party needed to flip 21 seats to gain control but were only automobile to gain 5. able to gain 5. so do you kiss stimulus good-bye ono matter what the outcome of the presidential race, and what about a tax cut or a tax hike? our political power panel, "wall street journal" editor at large jerry baker and ze creative communications partner and democratic strategist robert zimmerman are here to game it. okay, gentlemen. a divided congress, each no doubt with some constituents who await a stimulus package to help them get over the pandemic hump. robert zimm orerman, can that wall be scaled with a split government? >> well, i think it will be out of necessity. you know, you talk about the fact that th

know, what if that anticipated outcome doesn't happen do you see a scenario in which even with a blue wave that covid gets bad enough, ian, that there's motivation, bipartisan motivation to say we've just get to get something passed here while we can. >> i mean, it's possible heaven forbid, we could be at 200,000 covid cases a day within a couple of weeks from now i think we're likely to see the number of people in hospital above the peaks that we saw in the summer and in the spring by thanksgiving, and we're going to see a steady increase in the number of people in icus all the numbers are deteriorating. i can't really see anything good in the covid data so that should in an ideal world or in a normal world that should result in a policy response, but we have to contend here with the politics, with the small "p" of the lame duck session of congress, and it will depend i think substantially on -- on the attitude of some of the republicans who are vulnerable in 2022, and i know it's painful to be starting to think already about the mid terms, but i promise you the people who are up for re-e

there was no blue wave that they predicted. they thought there was going to be a big blue wave. that was false. that was done for suppression reasons. but instead there was a big red wave. and it's been properly acknowledged actually by the media. they were, i think very impressed. but that was after the fact. that doesn't do us any good. despite vs enates twice as many as democrats. in many competitive states, we did a fantastic job with the senate. i think we're very proud of what's happened there. we have many more seats to defend. they spent $200 million on senate races and south carolina and kentucky alone, two races. and hundreds of millions of dollars overall against us. at the national level our opponent's major donors were wall street bankers and special interests. our major donors were police officer, farmers, every day citizens. yet, for the first time ever we lost zero races in the house. i was talking to kevin mccarthy today. he said he couldn't believe it. zero races. very unusual thing. zero. won many new seats with i think many more on the way. this was also the y

it is very possible if you get a blue wave. you see risk on initially, but then if joe biden is not raising taxes as fast as he can come of the truth is he won't be able to raise them as fast as he can. he's not president till january. raising taxes probably won't be the first thing he does as president. and thats the focus, is possibly the reason why you see risk off may be in some sectors, if you see the democrats start talking about reform and antitrust issues with knology, that is -- with technology, that is another risk off factor. i think the fact we are talking about it is a good thing. in 2016, i don't know if anyone was talking about if trump wins, it is risk on. it was pretty much risk off until the actual fact of the matter happened on the night. guy: if trump wins, is that the biggest volatility event here? it strikes me that the senate is probably the worst case scenario, but the markets just don't seem to have trump winning priced in anywhere. is trump winning still the biggest surprise? jordan: i think so. trades

emphasized that if only legal votes were counted he felt he would be the secure winner there was no blue wave that they predicted they thought there was going to be a big room way of that was false it was done for suppression reasons but instead there was a big red wave now vote counting still continues in a number of states it's not clear when results will come in but the country is still holding its breath nervously as we still do not have a clear winner in tuesday's u.s. presidential election. a lawyer and former candidate for new york city council marty he'll also believes the trump team is on shaky legal ground. and they're trying to slot as launching a lot of these lawsuits he's alleging that the ballots can only be county till election day the law is that if the votes are cast on election day or before election day and those are legitimate. that is our democracy and the right to vote is very very sacred it's not i mean if their race was really really close and it was it was it and it would come down to one state like pennsylvania and maybe that would have some merit i don't really see

it was no blue wave that they predicted they thought it was going to be a big group that was false it was done for suppression reasons but instead there was a big red wave. now with the few states still counting the votes all of them have said it will take some time results are not anticipated until at least tomorrow at the earliest in some states other states are saying it could be up to 10 days so the country is left biting its nails and holding its breath still no clear winner in the u.s. presidential election artie's new york correspondent caleb maupin thank you for those election updates now lawyer and former candidate for new york city council marni hall law believes the trump team is on shaky legal ground. you know trying this law is launching a lot of these lawsuits god he's alleging that the ballots can only be county till election day the law is that if the votes are cast on election day or before election day then those are legitimate wants to count that is our democracy and the right to vote is very very sacred. i think if their race was really really close and it was it w

there was no blue wave. they thought there was going to be a big blue wave. that was done for suppression regions -- suppression reasons. instead, there was a big red wave and it has been properly acknowledged by the media. they were i think very impressed but that was after the fact. we kept the senate despite having twice as many seats to defend as democrats. and in much more competitive state, we did a fantastic job with the senate. i think we are very proud of what has happened. many more seats to defend. they spent almost $200 million in senate races in south carolina and kentucky alone. hundreds of millions of dollars overall against us. at the national level, our wereents' major donors wall street bankers. our major donors were farmers, everyday citizens. for the first time ever, we lost zero races in the house. i was talking to kevin mccarthy today. he said he could not believe it. many new seats with i think many more on the way. this was also the year of the republican woman. more republican women were anected to congress tha ever ever before. latino

there was no blue wave. "the washington post" opines "even if biden amasses enough of a majority in electoral college to become the president's -- become the nation's 46th president, he would lead a bitterly divided country, having falling short of the resounding repudiation of trump that many political strategists believed necessary to extinguish the political fires." hello and welcome to "fox news @ night." i'm shannon bream in washington. we begin with leland vittert looking at these electoral pathways open to both candidates tonight. good evening, we will end. >> good evening to you. in terms of getting to 270 vot votes, barring the lawsuits that you talked about or a change of the current map, president trump has one path with a variation. former vice president biden has a number. 264 votes right now is where the former vice president stands which means any of the undecided states except alaska puts him over the top. president trump needs to run the table almost. as it stands, the reason georgia has tig

maybe not as big as in a blue wave but we think the muni market is in good shape to end the your andith the way that it looks like the election has shaken out. i think a blue wave we would have got a lot of things but don't always get everything. >> so if the senate goes democratic, does it make a difference to you in terms of the outcome or is it going to have very little practical difference whether it's technically controlled by democrats or republicans >> i know we got the run roff in georgia coming you i think a stimulus package will be passed no matter what the size of the package may depend on whether you have a democratic-controlled congress or not we don't need the huge numbers being thrown out there stimulus would help states and localities even iffy g we get a smaller package, that could be a good help, too. states and localities can raise taxes, cut spending, take the buoyancy here of the economy, you got a good jobs number today. the economy is doing well. so it's no doubt it would certainly be a good -- more of a positive for the muni market but i think the muni market

that many we re seeing that blue wave that many were expecting in congress, it means that we areost. and then if you look at healthcare, again, because we didn't see that big blue wave, the health healthcare sector believes they are quite safe when it comes to any idea of universal healthcare. stephen goggin is a lecturer in the department of political science at san diego state university. thank you for being with us. we are ina thank you for being with us. we are in a state of flux. no decision yet. how long do you think you will be before a final result? well, ballots will continue to be counted for the next days and weeks, but i think it is likely in the next 12-2a think it is likely in the next 12 — 2a hours there will be an uncertainty for media outlets in the united states to have called a number of these uncertain states. i think we could have some certainty regarding arizona. and those legal challenges, will they be pursued? some have already been filed, in michigan, pennsylvania and georgia, and others are starting to take place. the trump campaign has filed a number of

it is easy to talk about a blue wave, and we may not get that outcome at all.t analysts are looking at? juliette: let's start with a potential upset. we had a morning call from citi, the chief strategist saying they are hearing more from their clients that there could be a trump upset victory. that could lead to court challenges, and a delayed outcome, which could spook markets. they have a 65% probability of a biden win, but you cannot count out trump vote or, shy voters who tell their family and friends they will vote for trump. stocks could be under pressure because so many are position for joe biden's policies. jp morgan says if there is a trump election, it could push .he s&p 500 by year-end the chief strategist saying a trump victory would be most favorable for markets, because a blue sweep could see infrastructure spending, but a negative catalyst rising corporate taxes. anna: one of the big questions for the european economy and companies might be whether we see that fiscal stimulus, whether we get a senate makeup that allows that to happen. what about

been a blue wave, the challenge he former vice president on talking about want to go bring people together talked about building a blue wholesale i thought a candidate carried about united states, i don't know why he would make that claim about building a blue wall,bringing everybody together. >> thank you very much for joining us appreciate your time. >> white house chief of staff meadows tested positive for covid-19, senior advisory have also reportedly tested positive for the virus. >> officials diagnosed confirm the diagnosis says he is doing well >> two heavily. >> concern -- right now 750,000 dollars bond back in court later, 3 minutes after the hour legal limbo, continuing states next served as election to rnc said some are necessary, to preserve evidenced, pelosi -- fox watch, we will have that story next. look limu! someone out there needs help customizing their car insurance with liberty mutual, so they only pay for what they need. false alarm. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ here? nah. ♪ introducing the all new chevy trailblazer. here? nope. ♪