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we welcome the president of the american action forward -- action forum, douglas holtz-eakin.reat to have you here. we just talked to mick mulvaney and part of what we talked about was the deficit and the debt. they say they're working hard on it. do you see evidence? he says the president is talking about spending in the deficit. i wish he and his cabinet would say more about it. i do not think the average american is a work how large are problems are and how unsustainable the federal budget is. it will have to be reined in. it presents a danger to the economy. david: the president has made it a priority to have the economy grow, which is a good thing. he has it growing right now. at what point does that debt and deficit inhibit our ability to grow the economy? douglas: i think we are looking at that right now. if you're international investor looking at the united states and you present it with a budget , ature as badly out of line debt level at 75% of gdp, it will be 100% in 10 years. you would think they have to get their handle on this. how would they do it? if you do not

legendary football coach lou holtz joins me next to explain. >> laura: when you think of thanksgiving, come on, l you thk of football. sadly, football has been hijacked in some quarters for political gain. a few months back, we spoke with lou holtz, notre dame legend and a member of the college football hall of fame. we spoke about patriotism and the clash between sports and politics. and why it has become soen overwhelming today. >> laura: this has been so wild, for me, to watch what has happened in football. i've always been a football fan, my whole life, my mother was an alabama fan -- sorry, coach -- she was a wild alabama fan, which i inherited. no particular reason. it was always imbued with a sense of patriotism and love of country, we are now at a place where an invitation to the white house turned a super bowl champion coach into a puddle of goo, debating for weeks how to handle it. what has happened in our country?in >> first of all, i was fortunate enough to take a football team to the white house, and it was a great experience for a

legendary football coach lou holtz on why he is rally. and mike dukakis on what today says about 2020, where that is heading and market pros on whether investors will be buying or selling. we begin in greenwood, indiana, state already seeing heavy turnout. mike. >> very heavy turnout. the jump in johnson county, massive turnout. they did have a computer problem earlier in the day. the inspector in johnson counties it slowed down the process of in-taking people and getting them a ballot, did not impact the integrity of the vote. we heard people complain about long lines, that is because of massive turpout. it has been this way all through early voting, he anticipates the numbers this time will absolutely eclipse the turnout numbers from the 2016 general election. candidates have been laying low. mike braun was encouraging republicans to text friends and get out the vote. senator joe donnelly, incumbent, posted a phone number for people to call if they need a ride to get to the polls. people in johnson county say politics this race have bee

many thanks to douglas holtz beacon. coming up here, the trump presidency two years and.alk with historian douglas brinkley about how things are going and what experience of past presidents may tell us about what to expect next? this is bloomberg. ♪ omberg. ♪ david: you are watching "balance of power." i'm david westin. two years into his presidency, donald trump is just as unprecedented as a president as he was as a candidate. that does not mean the current white house is without any historical parallels. here to help us get a sense of that is douglas brinkley, professor of history at rice university and acclaimed author. welcome, professor brinkley from houston. great to have you with us pay thank you for joining us. douglas: great to be with you. start withnt to something that happened yesterday. the president tweeted out about oil prices about the fed. he said, so great that oil prices are falling. thank you president capital t, referring to himself, add that to our other economic news, inflation down. are you listening, fed? it strikes me that i cannot remember -- he

course, an integral part of thanks giving traditions, and we recently spoke to legendary coach lou holtzbout the dangerous conflation of sports and politics. the entertainment industry is always a hot topic at the dinner table, and even more so this year. we are going to bring your highlights from our interview with hollywood heavyweight rob reiner and ask him why trump derangement syndrome is such a powerful force in tinseltown. first, we begin with a frightening realization that millions of families across the country face tonight. they talk politics over turkey. the total horror of that unfolding all across the land, and just last year, a poll from "pbs newshour" found that 58 percent of americans dried talking politics, while 31 percent said they were eager to hash it out over the table, and even more alarming, "science" magazine this past may revealed that thanks giving celebration this year -- bad year -- were about 30 minutes to 50 minutes shorter for americans for the holidays and for those who traveled into areas that voted as they did. joining me now is our own little thanksgiv

douglas holtz-eakin and "wall street journal" contributor, jon hilsenrath.his is the first financial stability report out of the federal reserve. four vulnerabilities were mentioned, excessive leverage in the financial system, funding risk, excessive debt, valuations. which one of those are you most concerned aabout danielle? >> bottom line valuations in the corporate debt market. what has gotten the federal reserve's attention and powell and what happened in general electric bonds recently trading down to junk levels even though they were technically rated investment grade. this brings back memories of the financial crisis, giving stamp of approval to credits not worthy of being investment grade. one thing i focused in on today, charles, he moved the goal best half of a football field by saying that now the fed funds rate was just under neutral. charles: that means the vice chairman yesterday telegraphed those same -- >> one and done. charles: so, jon, here is the thing, by the way, leveraged loans according to the report the fed put out with this, growth o

lester holtz lester holt is next. >> bye. >>> tonight, a dramatic cliff hanger on election eve. control of congress hanging in the balance and dozens of high-profile races are at dead heats. a frenzy sprint to the finish. two presidents criss-crossing the country and controversy explodes over president trump's new ad being viewed as racist. >>> breaking news of the scandal rocking usa gymnastics with simone biles, aly raisman and more. a stunning move from the u.s. olympic committee. >>> big surprises from amazon, an u also, their big announcement about your holiday shopping. >>> new details about that doomed chopper flight. the newlyweds leaving their wedding in a helicopter crashing before they made it home to

lester holtz lester holt is next. >> bye. >>> tonight, a dramatic cliff hanger on election eve. control of congress hanging in the balance and dozens of high-profile races are at dead heats. a frenzy sprint to the finish. two presidents criss-crossing the country and controversy explodes over president trump's new ad being viewed as racist. >>> breaking news of the scandal rocking usa gymnastics with simone biles, aly raisman and more. a stunning move from the u.s. olympic committee. >>> big surprises from amazon, an u also, their big announcement about your holiday shopping. >>> new details about that doomed chopper flight. the newlyweds leaving their wedding in a helicopter crashing before they made it home to their honeymoon. >>> a turn in the debate over parents spanking their kids. what the nation's top doctors are now saying. >>> the lucky fine that made the single mom rich beyond her wildest dreams. >> never thought we would be here today. >> the misplaced lottery ticket worth $344 million. wait until you hear where she found it. >>> and the epic uphill climb captivating

. >> his family says bradford who had a concealed weapons permit was armed but his gun was always holtzerred and by friday night hoover police admitted bradford likely did not fire the rounds at the mall. they're now searching for the real shooter. that pains eman ticker bradford senior, the victim's father who is also a police officer. >> you got him on tv, you made it national, daggone press conference, made it good like this officer say hero. no, he screwed up. >> the bradford family is angry that hoover police have never contacted them. >> you shoot first, ask questions later. it's backyards. >> hoover police have not responded to more questions about the shooting or the investigation. elaine, the officer involved has been placed on administrative leave while state investigators look into how he shot and killed the wrong man. >> quijano: mark strassmann, thai. in aleppo, syria, more than a hundred people were taken to hospitals after a suspected poison gas attack, a as the assad regime and antigovernment rebels blamed each other, russian warplanes hammered rebel targets. >> here's j

and it's likely that his personal relationship with holtz connect was formative for sheila. because it gave him this privileged access to x. rays and. she was primary focus was on composition he left interpretation to other. hands are an important means of expression and feature prominently in sheila's work but despite countless interpretation attempts their message remains an enigma. perhaps clues to their meaning can be found at vienna's crime museum a place packed with eerie and sinister exhibits and fascinating records of hands that could lead us back to take on sheila. and not just for pleasure what i have here in front of me is what's known as a criminal's album. such albums were put together to document the mug shots of sentence criminals being held in city jails. in. the comedian hands of course have always played a major role in criminal investigations. as hans can have telling markings. based off. the ten smith for instance will have conspicuous marks on his thumbs from constantly pressing down on the metal. and a cobbler will have marks on the balls of islam from

hello, everybody, we've got bill bellamy, debra messing, ike baron holtz. >> debra messing is the onlyerson i recognize. >> laura: i literally was like, joe smith. >> mike brown. needless to say, this effort did not produce much. there was a bump in the youth vote. according to a tufts study, there was an increase. but two-thirds of those were democratic. this is where it fell apart. a third was conservative. there were young conservatives in the mix, which threw off hollywood's intended efforts. >> laura: charlie kirk! may be charlie kirk is on the college campuses. >> the youth vote failed to flip the major races in florida, georgia, texas. actresses julianne moore and rosario dawson there created narrated an ad to try to move voters. >> they created and humanitarian crisis by putting children in cages. >> they want to imprison these children indefinitely. >> laura: indefinitely! >> so we just take children from every vince's arms keep them we keep them and make sure they are with the adults -- vehicle first of all, they might not be aware of the third branc, it's called the judiciar

course, an integral part of thanks giving traditions, and we recently spoke to legendary coach lou holtz

my friend coach lou holtz. lou? [cheers] [applause] [boos] boo-hoo-hoo. lou, what a coach.hat a great guy. we are also grateful to be joined by many terrific indiana republicans, including a man that has done an excellent job. he followed a very tough act, vice president mike pence, right? [cheers] pres. trump: very tough act. and he has done a phenomenal job. mike was telling me what a great job governor eric holcomb has done. [cheers] [applause] pres. trump: and we also have here someplace, it is tough to find him. they should tell me where are they -- look at this place, i am supposed to find somebody. a great person, a friend of mine, helped us in every single thing we passed and nobody has done better than we have in the first two years of office, that i can tell you. senator todd young. there he is. [applause] pres. trump: great person. hard worker. hard worker and a winner. thank you. thank you, todd. and congressman jim banks. big help. [cheers] pres. trump: thank you, jim. great people. they have helped us with a lot. if you do not want to be saying the words, "lad

and lou holtz, a man who is beloved and indian for is 11 seasons coaching notre dame's book as well tonight. >> president trump: tomorrow the people of indiana are going to send mike braun to the u.s. senate to keep america's economic booms urging full speed ahead. >> in the meantime, in the missouri senate race it doesn't matter which pulls you look at, it's a toss-up. the rcp average has a republican challenger josh hawley with a little more than a half point lead over claire mccaskill. the fox news poll has him deadlocked at 43% each, and mccaskill is up by three points but that still within the margin of error. more than 54% of missouri voters approve of president trump's job performance and, in an effort to push josh holly across the middle line, the president is also holding a rally in missouri about one hour 5 minutes from right now. >> tucker: trace gallagher, thanks. fundamentally most elections are about the economy and that's always been true but what's a striking and appalling in this one is how many voters say they want profound change to the u.s. economy? young people famously

legendary football coach lou holtz on why he is rally.s on what today says about 2020, where that is heading and market pros on whether investors will be buying or selling. we begin in greenwood, indiana, state already seeing heavy

contributor, columnist for "the national review," deroy murdoch, american action forum president, douglas holtz-eakinsaw your piece yesterday. i think it began, i agree with ocasio-cortez. can you believe it? >> words i thought would ever say, not because she is democrat but everything comes out of her mouth is illiterate. she came out against cronyism. i was said to see some conservatives in the name of job creation, as you said, it is like, would have likely happened, the jobs would have likely been here because there aren't that many places where you can find talents. in fact talents again is what drove the decision to split them. but i was sad to see that that justifies throwing billions of dollars to a very wealthy, very successful company. that is called cronyism. it is what we don't want. president trump calls it the swamp. this is unhealthy marriage between big companies and the government. this is a perfect example. but amazon, played it really smart. very smart. charles: yeah, they did. douglas, you know conservatives used to be up in arms about the solyndras of the world. along with vera,

. -- he can holtz.ow big a deal is this for us, the united states? >> well, it's fun to watch. neil: actually, i can think of more riveting things. >> yeah, theresa may for a long time there. donald trump was right when he gave theresa may a hard time about not having a better negotiating strategy. she's done nothing to create leverage for the u.k -- neil: yeah, he was angry that it was going so slow. >> she should have been on a road tour, she should have been in canada, in the u.s., in australia, in ethiopia, in ghana negotiating free trade agreements and, essentially, threaten the e.u. if you do not negotiate with us a fair deal, a strong deal for brexit, then we will be immediately signing deals with the rest of the world. but instead, you know, theresa may studied at oxford, she studied geography. she would have done better to study rugby, because in this modern world -- neil: she did quote a cricket player. >> well, but, you know, presumably someone who followed the rules. she needs to learn how t

let's go to former budget director douglas holtz-eakin, former economic advisor to president obama, austan goolsby. less important in a midterm election year where anger seems to pet people out to the polls, but not unimportant. the president downplayed that, much to i guess paul ryan's chagrin in favor of more divisive issues like the caravan and all that. what do you think? >> the economy is very strong. we've seen steady pickup in year-over-year gd president of growth every quarter in the trump administration, that has shown up in wage growth especially measured by the employment cost index, the best measure of it. i think there are some republicans who wish the president emphasized the economy more, their contributions to that economy but it is certainly not going to hurt republicans. they have a strong economy. they can run on it. neil: austan, the economy was humming along just fine. certainly better than it was in both of the midterm elections, particularly the last one for barack obama. but again without him on the ballot per se the argument was democrats weren't going to benefit.

and douglas holtz. how about it? minnesota, important?as a racist democrats were depending on if they wanted a chance of winning back the house. an incumbent that helped to pass the tax bill. democrats see this as a race that shows they can continue to pick up the gains. one by one they are winning these races, specifically in districts where hillary clinton beat president trump. and they are picking up some of these races. there is a better chance for them to take back the house, even as they say devastating losses in the senate. this is a sign we could have a split decision tonight where the democrats pick up these districts that are clinton districts, and continue to hemorrhage in the senate. david: we have a handful of flips, so to speak. i wonder if we camp old that together and see the exact number, but it is modest at this point. a long way to go until 23. >> it is. results we will see come in now will results wel see come in now will reflect different demographics of voters. we have seen the rest the bill, manufacturing -- rust be

we are back with our panel, shannon pettypiece, toulouse ola olorunnipa, toluse jeanne zaino, doug holtz-eakinrt there is a lives ofversion of top the most red thing on the bloomberg. why is the world so interested in who gets elected to our congress? >> president trump as completely upset the world order on his trade policies. they view him as an extremely divisive figure. will the american people side with him, that is what they are looking for. the reality is, it is not going to change much. the things he is doing he is doing with his executive authority. congress is not going to stop them. the good folks of italy might just enjoy the party and wake up to the same thing tomorrow. >> whether the house goes democrat or republican will not impact our trade relations with china. >> no, it is not. the house can spend a lot of its time on investigations and sort of get the white house working 24 hours a day in that capacity. i do not think that is either a good tactic for the democrats, but they may do that. i will tell you a democratic win in the house is not horrible for donald trump. he will n

to tax foundation top 1% pay 40% of all federal income taxes and the top 10% which is those house holtz tax from the tax foundation mitch roschelle reminded me this weekend i want to make sure because this talking point keeps coming up go back to the border wall for a moment funding the border patrol -- bolder wall to stretch in december migrant caravan has grown to more than 6 5 6500 people what happens with border wall funding doesn't look like senate is onboard with this. >> well they need to get onboard they need to come along predictabling because the window of opportunity may be closing, as one congressman leaves in the next one convenes. i -- i -- with the difficulties that we are facing on southern border it is hard to believe, that every single member of the house and senate is not focused on how do we provide the president tools to provide the border security we know we all need the president -- had to send 15,000 troops to border i am grateful that he did that, but at the same time there has to be more permanency to that security. >> all right. we will loaf it there good to s