emily wilkins in arizona great to see you as a reminder on election day, cnbc will be live all nighte biggest names it starts at 7:00 p.m. eastern from the new york stock exchange then coverage in the overnight hours. brian sullivan and contessa brewer and myself looking at everything asian and european market reaction and the futures open. a number of different things "squawk box" pickis up coverage at 5:00 a.m. don't miss it. >>> coming up, the stocks she is recommending that you buy today. take a look at futures green across the board don't go anywhere. we'll be right back. >>> all right. welcome back to "worldwide exchange." take a look at the dow in october laggards and leaders nike shares down 13% that's a turn around story new ceo. merck down double dig rdigits a look at the leaders side there are some winners on the other side of the coin right at the top of the list, salesforce, shares up 6.5% followed by visa moving higher following earnings jpmorgan chase and travelers and dpo goldman at the top of the list >>> the october jobs list out at 8:30 a.m. eastern time and follow

our emily wilkins joins us now with that story.ly. >> reporter: good morning, dom. dozens of tech and a.i. companies are begging congress to make this key a.i. program permanent before president-elect trump takes power next year. this is the a.i. safety institute. created through the biden administration executive order to improve a.i. it could go away if president-elect trump follows through on eliminating that executive order. the republican party platform, the one they voted on back in the summer, called the a.i. policy dangerous and says it imposes radical left-wing ideas on the development of a.i. technology. yet, more than two dozen tech and a.i. companies, amazon and openai and palantir and meta are asking congress to formalize the center or risk getting left behind in the a.i. race. in october, the group said cements the center is a part and there is a critical opportunity for the u.s. to lead multilateral efforts through its over a.i. safety institute or risk other countries write the rules for the powerful technology. leg

months and millions to support the re-election bid, but not all of musk's gambles have paid off emily wilkinse on that story good morning, emily. >> reporter: good morning, dom elon musk has emerged as a winner in the 2024 election. he has joined trump's inner circle his scorecard down ballot in races is mixed we have been tracking the races of the 18 musk's america pac donated to four of them have not been called by nbc. of the 14 remaining that have been called, five of the candidates backed by musk's pac did not win their re-election. of course, these were all swing races and difficult, but you did see democrats emerge there musk gave $118 million of his own money to the america pac and $19 million from the pac went to congressional races. a lot of that focused on get out the door voting and door knocking a lot used to help republicans in the 2026 midterms republicans on capitol hill are ing musk musk joined trump this week for the house republicans first post-election meeting. one congress member praised musk after the meeting and said trump did, too >> he said a lot about elon musk all a

we have emily wilkins here with more for the top priorities on congress and the full to-do list. ng. >> reporter: they do, frank. congress has 20 days before the end of the year. that is still time to pass measures on a.i. and china and disaster relief. a number of the measures could hitch a ride on must pass end bills. one to fund the government and one for the military. these bills that might catch a ride include several measures that integrate a.i. into the pentagon including a.i. to optimize the operation of the department and manufacturing ies and development of a.i. weapons systems along with several other a.i. bills. plus, several measures are decoupling from china. this includes bio-pharmaceutical companies to cut ties with chinese companies. the white house is also asking for about $100 billion aid for disaster relief. that includes $2 billion for a program directly for small businesses that had its funding run out last month. also in the must-do bucket, you mentioned, of course is funding the government. the current funding lasts through december 20th. speaker mike johns

let's bring in emily wilkins who has more on just what is happening with the state of play about these appointments, confirmations, and who is stoking the ire of the president elect. >> reporter: during his first term he appointed and openly considered replacing fed chair jerome powell and then suggested he should have a share of interest rates. now that he's coming back some are concerned about how he could change the fed. the fed has an ally in the senate. number of senators told me that while they may have their frustrations and are open to some reforms, they do not think he should have a say in interest rates. senator thom tillis on the banking committee oversees the fed. he told me the white house having a role in interest rates would be dangerous because u.s. monetary policy could change with each new administration. he also aid it would be a mistake for the united states long-term. other banking committee members including mike rounds, kevin cramer and cynthia loomis said that fed independence is critical here. as you were just talking about he is just one of many questions faci

emily wilkins with the details. emily? >> reporter: hey, kelly.ll that the house will be controlled by republicans. this isn't a giant shock for those of us who have been following the races closely. but it now is official that the republicans have clinched the needed 218 seats to control the chamber next year. now, there are a number of races that have not yet been called. we're assuming some of those will break for democrats. we expect republicans to pick up a few more. what this basically all means is that republicans are going to once again be working with very tight margins in the house, but, of course, this time they get to do so in an environment and in a government where things are very much in their favor. they have that trifecta, the house, the senate, the presidency, president trump was meeting with house republicans a little earlier today, really kind of getting everyone's spirits high up there, talking about the need for unity at this point. of course, last year we saw a lot of chaos with house republicans, a lot of disagreements over

brandon ahern is the cio of crane shares and our own emily wilkins is following the moves trump is making already to ensure fast congressional approval of the people he wants in place to execute his plans. welcome to all of you. wendy, let's start with you. what are you hearing? what do you anticipate? >> so i'm anticipating that we'll see tariff hikes in the early days of the trump administration. trump has put a lot of tariff proposals out there. he loves tariffs, and i think we need to be ready to see across the board tariffs maybe with some exceptions against all trading partners as well as up to 60% tariffs againstchinese imports. >> so 60% is just a negotiating chip and a bargaining point and we know that was true to some extent in the first trump administration. what's your response to that? >> my response is maybe he starts with 30, and he says if we're within three months if we don't have a deal and we don't see a change in our trade deficit with china, then we go to 60. he can stage this in and he can offer some product exclusions, but i think he's serious, and i think robert li

now where emily wilkins is standing by. emily, bring us up to speed. >> contessa, it's been an interesting evening so far, similar to the presidential. we still have a lot left that we don't know. but let's go ahead and start with where we're at at the senate at this hour. as you can see, still a number of races yetto be called. but at this point, republicans have secured a major win with the state of ohio, flipping that from democrat control in the senate, senator brown will now be won by bernie moreno, the republican. that, plus west virginia, which is expected to go into republican control with the retirement of joe manchin means at this point republicans have picked up two, which is all they needed to control the chamber next year. of course, there are a number of other senate races to keep an eye on. one i'm particularly interested in is in nebraska. that's been a little bit of a surprise. you have dan osborne running there against the republican. it will be interesting to see what the balance is if you have a true inde

emily wilkins joins us now with more. is support for trump. but if you look at the scorecard in down ballot races, it is little more mixed. of the 18 races that musk's america pac donated to, all of these were for house republicans. of the 14 have been called, five of the candidates backed by musk did not win their re election. he gave 118 million of his own funding to the pack, and about 19 million of that went to congressional races. most of that funding focused on get out the vote efforts, things like phone calls, doorknocking, and musk is already planning to use his pack to help republicans in the 2026 midterms. musk joined trump earlier this week for the house republicans first postelection meeting, and horace mann and the ogles was one of the lawmakers who praised musk during the meeting and said that after the meeting, trump did, as well. >> he had a lot about elon musk, all amazing. elon is good rate american. he has really been at the forefront of the space race, and with his leadership and cutting waste in the go

emily wilkins is joining us now with the crypto spending is already paying off. ank. crypto groups made a $131 million bet in the 2024 general elections and it has paid off. coinbase, ripple and jason horowitz poured millions into the super pac to make sure lawmakers paid attention and crypto will be top of mind next year in congress. back to the fair shake pac. they had a progressive arm and conservative arm as well. all together, they backed 59 lawmakers donated to the races. of those, 52 have resulted in the crypto backed candidate winning. five races haven't been called yet. that means so far two only crypto backed candidates lost in the general election. both house makers, one democrat and one republican. crypto had big wins. they spent $40 million to help bernie moreno in ohio over sherrod brown. crypto spent $10 million to claim two senate seats. slotkin in michigan and last night, we got the call for gallegos in arizona. crypto groups backed dozens of lawmakers who were in safe seats, but allies of the crypto movement in the last few years. the pro-crypto

emily wilkins is joining us with more. s we were here in inglewood cliffs, almost every guest we had on, was talking, emily, talking about the deficit and overshadowing problems or initiatives that trump wants to accomplish. >> reporter: contessa, that is a huge concern for a number of folks out there and taxes are definitely something because of the deadline at the end of 2025. republicans are aiming to get the major tax package and wants to get it done within the first 100 days. that would extend the 2017 tax law that is expected to expire at the end of 2025. one of the first things lawmakers will have to figure out is how much of the package needs to be offset. right now, the full extension of the tax cuts could add $5 trillion to the deficit according to the congressional budget office. some who oversee the bill like mike crapo, as the chair of the finance committee. he is disputing the bill needs to be offset given it is a continuation of current policy. slim margins mean deficit hawks could exert a lot of issues. >> w

continues to be the hot button of the election cycle and businesses in arizona are feeling the heat emily wilkinsoser look at that state of play emily? >> reporter: i talked to businesses down here who say it's a combination of labor short an and looking at a key ballot measure that could have a f imctpa more when "the exchange" returns. this is clem. clem's not a morning person. or a night person. or a...people person. but he is an "i can solve this in 4 different ways" person. and that person... is impossible to replace. you need clem. clem needs benefits. work with principal so we can help you help clem with a retirement and benefits plan that's right for him. let our expertise round when it comes to investing, we live in uncertain times. some assets can evaporate at the click of a button. others can deflate with a single policy change. savvy investors know that gold has stood the test of time as a reliable real asset. so how do you invest in gold? sandstorm gold royalties is a publicly traded company offering a diversified portfolio of mining royalties in one simple investment. learn more abo

on that, let's get to emily wilkins. >> hey, carl. of this race, they actually poured a couple million dollars into that because democrat colin allred seemed to be doing really well in the polling. he was closing that gap. but i don't think it's a huge surprise for anyone that senator ted cruz did win this one. especially given how well trump performed in the state. and what this really means for senate democrats is that any opportunity for them to pick up a seat, that door just firmly shut. what they're going to have to do now if they have any hope of controlling the senate at this point is to hold on to the seats that they currently have. and if you look at polling right now in ohio, sherrod brown and republican bernie merano are neck in neck. you're really seeing these very tight, very close races for the senate. and at this point, you know a lot of folks kind of assumed i think that republicans would eventually control that chamber. of course, nothing is over until it's over. but at this point, especially with cruz's win this earl

less than a week from election day, let's get to emily wilkins with more from the battleground state nd border security, they're hot-button issues this election. there is a real concern among businesses, especially construction and hospitality companies here in arizona who are facing a shortage of workers. and they're worried that it could get much worse the president and ceo of the arizona hispanic chamber of commerce - >> we have several members that are in the construction industry that aren't able to find workers to complete projects and when they can't complete projects, that means there is a lack of housing. >> immigration is also a major issue in the competitive senate race in arizona between democratic congressman ruben gallego and former news anchor ckari lake. gallego wants to expand work permits for illegal immigrants while lake says people are denied jobs because of lack of training and schools however, john graham, ceo of - >> the issue is that these people are not taking somebody else's job there are jobs that we have to have, and there is not a substitute for that if th

emily wilkins is looking at this upcoming deficit battle. >> hey, tyler.ger done in the first 100 days that extends that 2017 tax law set to expire the end of 2025. one of the first things they need to figure out is how to pay for this package. now, a full extension of the tax cuts and credits would add $5 trillion to the deficit over ten years according to the non-congressional budget office. some lawmakers, including mike crapo, who oversees it as chair of the finance committee, are disputing that taxes need to be offset given that most of it is a continuation of current policy. but slim margins into the house and senate mean that it could exert influence that they are deficit neutral. caught up with congressmen who don't want a tax bill to add to the national debt at 36 trillion and growing. >> we need to make sure we are not having -- not only is the deficit neutral, but that it's reducing the deficit. i am going to be a voice for saying they need to be factored in. >> we can't keep increasing the deficit. 37 and counting. not counting interest. we can

my name is emily wilkins. and the 117th president 17th president here at the national press club in d.c. correspondent for -- think your joining us. here as well as those tuning in for our headline event with united states secretary of veterans affairs denis mcdonough. we are happy to accept questions and after his opening remarks i will ask as many as time permits. if you're in room you can write on the card but if you're following along live you can go ahead and e-mail your questions to headliners@press.org and put veterans in the subject line. that is headliners at press.org. it is now my pleasure to introduce this distinguished head table. please stand when it is called and your audience and all these individuals are worthy of the own separate applause but for time if you could save the applause to the end. we'll start with sean was a seal of -- please stand. next to him, jenifer markowitz the founder and president of gin and corporative. the director of policy regulatory services, national cemetery admini

emily wilkins joins right now. >> reporter: you have four republicans that are competing to lead the that oversees the monetary policy, the house financial services. but no matter who gets the gavel, the real winner is shaping up to be the banks. air running to lead the services committee. but for those i've talked with said that hill and barr are considered the front runners. both have put out the pledges to focus on banks, specifically regional banks. hill was ceo of delta trust before coming to congress. he released his make community banking great again plan to keep larger banks in check is hurting the smaller banks. >> west economy of overregulations in the financial specter. leave us with fewer community banks and more wealth concentrated in the bigger companies in the world in banking. >> reporter: barr is focused on banks in his sweeping dream american dream proposal. >> we need to unleash our capitol markets to restore the american dream to give americans access to affordable homeownership and entrepreneurs access to the seed capital to start a business on main street. >> re

emily wilkins joins us now. s been taking a look at the balance of power in congress and some of the key races overnight. good morning to you, emily. >> good morning, andrew. well, republicans are starting today feeling very good. but it is not over yet. at least for the entirety of congress. for the senate it is open. republicans have flipped the senate. they take up two seats that includes ohio for democratic sherrod brown was not able to outrun trump's momentum in the state. really the question right now for the senate is how big the republican majority will be. of course, the larger it is the more difficult it's going to be for any one senator to hold up legislation. you guys, of course, remember how joe manchin was able to hold up a lot of biden's agenda because of slim margins. that's what we're looking at in the senate. going to the house, it's still a toss-up at this point. we've seen republicans make some gains in pennsylvania and michigan. and we've seen democrats make some gains in new york. but there

i think that's one sign that folks i was talking to including emily wilkins who pointed out that showshority. the oversight committee can of course call people to the hill and talk to them about it. what we know is that this is going to be a big fight and in that op-ed, i thought it was interesting how they said that the law was on their side and they also believed that the supreme court was on their side in all of this. while some would say they wouldn't have the authority to do anything they might have to take this to the courts and they think they'll win. something to watch. >> meghan, thank you. keep an eye out for anybody going in and out of mar-a-lago potentially going to be the next treasury secretary. >> you bet. >> down there in. stock market up about 3% since the election confidence surging beyond stocks. senior economics reporter steve liesman is here and has more on what that means. steve? >> hey, david. yeah, several recent regional fed surveys registering a surge in economic optimism that shows post-election enthusiasm among businesses is not limited just to wall street b

what i was texting about with emily wilkins is are there enough to defect like pete hedgeth. he never worked at the pentagon. tulsi gabbard who never worked in intelligence or matt gaetz, someone who has been under investigation by the doj to run the doj. those are lightning rod selections what trump is doing is pushing the republicans to back his vision for washington. trump feels very strongly the department of justice has been after him unfairly for years and he wants to send somebody in there as steve bannon said yesterday to send a blowtorch in there. >> if he couldn't find a loyalist who wasn't paying minors >> reporter: it engenders more d his position yesterday that ends the investigation. they typically don't release th information after the member resigns. it is typically buried they have to vote to release it or if there is somebody on the ethics committee, decides to leak the material whatever they discovered because they have been investigating some very intense issues in the house ethics committee >> i saw at least one republican say we still need to see that. i

emily wilkins joins us now. we were doing the math earlier adding what is already known. 's left, emily? how many? >> reporter: we have a good number, if you are looking at what nbc news hasn't called. they haven't won the house yet, but they are getting closer and they feel really good. gop picked up seats in pennsylvania and michigan. democrats made gains in new york, but at this point, it's really coming down to a handful of races in california. for those of us who want a quick answer, thatcould take weeks due to mall-in ballot laws, particularly in california. look, republicans are feeling so confident in part because of latino voters. they have large latino populations and many are supporting republicans this election than previously. democrats are showing frustration with the results. senator bernie sanders said in a scathing statement yesterday, quote, it should come as no great surprise a democratic party which abandoned working class people would find the working class has abandoned them. meanwhile, republicans are not waiting for that final call to be made. mike

majority leader vote, steph kite, she is the co-author of the axios hill news leaders newsletter and emily wilkinswell. what is the actual state of play, folks? steph? >> we will see and in just a couple of hours who republicans decided to anoint as their next leader after nearly two decades of leadership under mitch mcconnell. it is not clear when one is going to end up taking the majority of the votes. 27 votes is the magic number today. there is going -- there could be multiple rounds of voting, republicans will vote first time around on all three candidates, john thune, john cornyn and rick scott. and if none of them can get that 27 number of votes, then they will move to round two with the person receiving the lowest number of votes being eliminated. thune had from the beginning been viewed as a front-runner, but, you know, vibes don't necessarily matter. all that matters is how senators actually cast a secret ballot vote. cornyn is also a top contender, most people see rick scott as the least likely of the three of them. he's, of course, picked up a lot of support over the weekend from peopl