david: that was david malpass.ance chairman for the republican governors association. he has worked on every republican campaign over four decades. he told us about fund-raising troubles ahead for trump. she will have a huge advantage over donald trump. it will continue and probably get more of a gap as we go forward. ,eople who give a lot of money many of them are disheartened and some of them are pulling back and not doing what they usually do. it is going to be increasingly difficult for donald trump to raise the necessary capital to compete. nevertheless when you look at of hisspired -- in spite horrible tapes that have come out, he is still reasonably close in the polls. he has been able, without a lot of television advertising, to hang in. i don't know how much longer that can happen. but he is going to have a difficult time going forward raising money. david: have you seen this tape effect your efforts for the down ballot people? >> it has not. have atell people is we less than 50-50 chance of winning the pr

back with david malpass, trump economic adviser. , has this issue been put to rest, do you think, and now in favor of the issues that obviously donald trump would prefer, that mike pence would prefer? because it seems like much of the party leadership isn't going along. what do you think? >> hi, neil. well, there's a few more weeks to the campaign. i hope we can talk a lot about the issues. as you look at the two choices americans face in the election, there's a huge distinction between their approach on policy. i think also there's a dangerous on leadership. so, you know, when you're picking a president, you're picking someone who's going to lead the country for some years. trump has shown an ability to pick good people. look at mike pence, you're showing him now. and i think he will pick a leadership group that will be really strong and be able to engineer an upheaval of the government in washington. hillary clinton, on the other hand, is going to continue the current government, and that means slow growth, that means higher taxes,

thank you david malpass.ally he says what this one attacking his opponent. >> you are going to provide the biggest tax increase in history. you are going to drive business out. john: she will the clinton supporters say she won't drive business away. frank lamented for mayor -- frank clemente. she will raise taxes and businesses willfully. >> i'm not worried about that. it's a very rich economy. corporations are making more money nowadays than they have made in years, record profits. they are doing very well at the tax system as it is my think they will continue to do well with higher taxes. john: 1.5 trillion more in taxes. won't rich people work less? >> i see no reason why not. tax increases are relatively modest compared to what people are paying right now and remember these tax increases are all on the wealthy people and all an major corporations. they are not on middle class americans. she has been very clear, no new taxes on people over $250,000. john: don't rich people and corporations react to that by

thank you david malpass.ally he says what this one attacking his opponent. >> you are going to provide the biggest tax increase in history. you are going to drive business out. john: she will the clinton supporters say she won't drive business away. frank lamented for mayor -- frank clemente. she will raise taxes and businesses willfully. >> i'm not worried about that. it's a very rich economy. corporations are making more money nowadays than they have made in years, record profits. they are doing very well at the tax system as it is my think they will continue to do well with higher taxes. john: 1.5 trillion more in taxes. won't rich people work less? >> i see no reason why not. tax increases are relatively modest compared to what people are paying right now and remember these tax increases are all on the wealthy people and all an major corporations. they are not on middle class americans. she has been very clear, no new taxes on people over $250,000. john: don't rich people and corporations react to that by

who is with us, ashley webster, liz macdonald, david sica, david malpass.l start with the elections 15 days away. let's go around the block. the green arrows, stocks are going up. does it have anything to do with hillary leading in the polls. trump guy. david malpass, first. >> i don't think it does. it's related to m and a abbing fifth. you've got bullard from the st. louis feds saying that rates are going to stay low. so what the market likes is access to bond debt so they're running up a lot of corporate debt and it gets distributed all around to the fees that go into m and a. the fees that go into washington d.c. so that makes people happy. it's not the election. hillary clinton is going to raise the capital gains tax, it's a six-year holding period so that's a negative for the market. that's not what is doing this. stuart: scott shellady, i think what the market wants is a split decision. if it's going to be a hillary presidency, okay, let's have the republicans keep the senate and house, that helps the market, doesn't it? >> maybe. i mean, it's almost

when we come back, david malpass is going to be here.g its annual investor day today. one of the top topics expected to be addressed, the next move against amazon. we'll find out what's in the works after the break. as we head to that break, look at u.s. equity futures. in the red at the moment. back in a bit. hey, it's been crazy with school being back- so we're constantly going over our data limit. oh, well, now - all of our new plans come with no data overages. wow, no more overages? so that means... go on...say it... we'll finally be in control... and we're back... introducing new at&t plans with no data overage charges. >>> among the stories front and center we are watching shares of retailer costco this morning. the company reported same store sales increase of 1% for the month of september. that is double the consensus estimate of analysts surveyed by thompson reuters. that stock up fractionally right now. >>> lamb research and kla-tencor deal is off. they've mutually decided to end the deal because of the justice department's opp

plus, david malpass will be here. he is a trump surrogate.will wind up going next. . will revert to my oil love we will be talking about an oil minister in norway. is with us from amherst pierpont. i look at the curves, the movement of the curve, the u.s. curve since the beginning of the year. we have curves steepening in the short end, and we have a flatter curve on the long end. single best chart, moving from the yellow line down to the white line. -- it is adea flattening. what does a signal around this pivot point? bob: what it is telling us is tot the fed is moving closer beginning the normalization of rates again. the annual december move. at the same time, global forces are really pulling yields down around the world. tom: is it a demand for paper or a prediction of weak economic growth? bob: i think it is a demand for paper. i do not think it tells us much about economic growth. this is a global world where the ecb and the boj continue to take massive amounts of paper out of the global markets, and investors are looking around the wor

david malpass.your take on the retail sales numbers, 6/10 of a percent. auto sales is dominating that, they were strong, but in july and august, retail sales were weak. i think the consumer is feeling the weakness of personal income. wages haven't been going up so there's not that much money to be spending within the economy. so it's an okay number. the bigger issue for the election, trump saying 4% growth. clinton is basically accepting the idea that the u.s. economy is only going to grow 2% for the next ten years. that to me is unacceptable as a way to run the economy. >> so we get the producer price index out up 3/10 of a percent for september. also a nonevent. this is more of the same. retail sales number? . the humdrum, slow growth, sluggish, whatever adjectives you want on it. and i guess we're headed toward the end of this recovery, i don't know, maybe. we just were never able to break out into what i would call the american style economic growth. >> go through both plans for us and tell us i

david malpass, a senior economic adviser to the trump campaign. >> begin with politics, paul ryan saysld trump after the comments. he stopped short of resending his endorsement of donald trump. a new poll taken this weekend after the video but before last night's debate shows clinton with a double digit lead in a four-way race. and thess all of this implications following last night debate, ben brody. before we get to the polling in general where we are now, i want to bring up donald trump response today, because paul ryan basically telling the gop hisill not talk endorsement, but will not be campaigning for trump and so forth. he has not wasted time on fighting republican nominee. not exactly the best use of donald trump's time today following the debate, is it? but the exactot, thing we've seen from donald trump time and again. i use that term very loosely, paul ryan is a country's highest elected republican. he goes after them if he feels they are not giving him his due. candidate, and he is making clear he believes he is the standardbearer and the will of the republican masses. he

. >> david malpass, trump economic advisor. >> shu.t: we do now know the topics for the third and final presidential debate. chris wallace is the moderator and announced the topics. ashley: next wednesday at 9 a.m. six topics, and 15 minutes per topic. debt and entitlements, immigration, the economy, scotus, the supreme court. foreign hot spots and fitness to be president, which should be entertaining and those are subject to change based on anything new that develops between now and wednesday. those are the six basic subjects. stuart: i think that chris wallace is brilliant. i hope, i think he will be able to control this debate. >> it's going to be so tough. stuart: in those areas. >> just even in what's going to happen the day after, no matter what, you know? so-- >> well, chris wallace moderates the debate and they're going to try to get everything in. stuart: it's in las vegas. it will take place next wednesday, october 19th in las vegas, fox business will be live until midnight. with maria, lou dobbs and it's the last one in the