. >> let's bring in greg valliere. greg, so good to see you this morning. we can throw up a live picture of broward county where they are still counting votes. still ongoing. 24/7. i don't know this is washington. there we go. >> compelling television. >> does this matter? this fight we have going down here in florida? the president's insistence over something mischievous happening. >> it is hard to believe that this is happening after bush v. gore. this is a much bigger margin. the odds favor the republicans running both of the races. probably within a week or two, we will have a senate 53/47 republican. >> it sis a mess down there. jeb bush calling on brenda snipes, the supervisor of elections, saying she should be removed from office following the recount. a lot of human error going on down there. it is interesting with rick scott in particular, i always make sports analogies here. we have seen sore losers, but i have never seen a sore winner. scott will win regardless. 13,000 votes which is likely not going to be found. what is the impact of calling fra

what are we to make of that, greg valliere, if all of a sudden now the markets start contending with, wait a minute, they slow down, you're damned if you do, damned if you don't? what do think see we don't see? are they echoing what gm was concerned about in laying off these 15,000 people? are there bigger concerns the markets are not appreciating? what do you think? >> right. also, neil, i make this point. what if the next employment number we get it soon, ememployment drops another 10th. opec gets its act together, cuts production, raises oil prices. this is very ephemeral. i think for right now it's a very, very good story. there are still headwinds, a lots and lots of factors that can change in an instant. neil: we should explain here, you know this inside and out, the federal reserve only controls short-term interest rates, overnight lending rate, daily rate of fed fund, that is one you hear a lot, discount rate for the best customers. that is something the federal reserve can control. after that the market, their sentiment what the fed is doing or what they deem it is not doing

let's talk about this with greg valliere. that was the easy stuff.fficult when the president in particular meets with xi jinping and the trade war as a back drop. what do you expect to come out of that? >> i think trump needs happy markets. he got a good beginning with the fed chairman powell earlier in the week. he needs a deal. or at least a thought with china -- or at least a thaw with china. i think he really needs to intensify the talks. >> we have been getting mixed messages from the white house of what constitutes a breakthrough. he said i have another $257 billion in tariffs if i want. and i'm also able to raise interest rates. he said tariffs. if we don't make a deal, i'll put the $200 billion. it is $267 billion in tariffs -- okay. what he means is tariffs. >> you need to translate that. >> this is the president calling the shots himself making very big threats. we heard from robert lightheiser who said the chinese have not made any meaningful offers. how is there a chance for bre breakthrough? >> there are divisions, christine. i think he

joining us now, horizon investment chief global strategist greg valliere.orld energy market. are you going to throw cold water on me? >> no, not at all. i would never do that to you, stuart. let me just say a speech two weeks ago in houston and people there really no other energy as you've indicated you know your energy and they were astonished that most americans don't believe this. most americans still feel we are beholden to the middle east. >> is it going to help the economy significantly. is this a significant boost for the economy? >> i think so. it puts downward pressure on economic growth. it's an unabashedly good story. if we overproduced and it really cause prices to crash that would be a concern but i don't think where they appeared turning to another positive. i think we are looking towards a spectacular holiday selling season. you're not going to throw cold water and not one? >> i would say with a number like last friday's unemployment number, and extraordinarily good number you have disposable income because wages are going up. i would argue p

it is good to speak to greg valliere, sometimes from new hampshire, sometimes washington, but he had claire mccaskill in missouri. just oneiere was concession speech last night, but claire mccaskill is all of missouri politics. what did she show us last night? >> that in state after state where trump campaigned, the republicans did pretty well. tom: they did pretty well. yes, the democrats took the house as well. how will that change policy? is mr. trump advantage by gridlock? >> the most important part is the trump economic agenda, deregulation and tax cuts, will stay in place. he may not get a lot of new stuff done, but his existing agenda will not change. tom: i loved your morning note published moments ago, horizon investments. not only the shifting of claire mccaskill or the stunning governor race in kansas, but an the executive branch. how will this exodus be different? >> some big names, not just sarah huckabee sanders. wilbur ross may go. a lot of people are burned out or don't agree with this president. businesseshat should take away from this? made the economy turned quicke

. ♪ ♪ ashley: in the last hour market watcher greg valliere told us, president trump, he may have to with democrats controlling the house. take a listen. >> i have heard the argument, stuart, but i think that it would be pretty reckless for the democrats to invite a shutdown. i think that again the veto power of the president would be in play. i would note though, that in that extraordinary press conference yesterday the president indicated he might look attacks hike on the wealthy in exchange for a tax cut for the middle class. "the wall street journal" editorial page talks about that this morning. i think that is really curious, something most republicans would not favor. ♪ stuart: at white house the flag was lowered to half-staff in honor of victims of the shooting in california. >>> back to my editorial at top of the hour. president trump held a postelection press conference he got into it with cnn's jim acosta. roll tape. >> honestly i think you should let me run the country. you run cnn if you did it well. >> mr. question. >> that is enough. >> one -- >> that's enough. >> pardo

. ♪ ashley: in the last hour, market watcher greg valliere told us how fed chair jerome powell gave aa listen. >> i think he understood the market concern. he didn't capitulate to donald trump, stuart. he understood with the selloff in the market this fall, the drop in housing prices. drop in commodity prices, that something was going on. that he couldn't continue to argue the economy was at risk of overheating. so he did the right thing. he retracted that stupid thing he said about a month ago, that we're a long way away from neutral on the funds rate. he acknowledged reality. we are very close to neutral. (toni vo) 'twas the night before christmas, and all thro' the house. not a creature was stirring, but everywhere else... there are chefs, bakers and food order takers. doctors and surgeons and all the life savers. the world is alive as you can see, this time of the year is so much more than a bow and a tree. (morgan vo) those who give their best, deserve the best. get up to a $1,000 credit on select models now during the season of audi sales event. today's senior living communities