trent lott from mississippi and tom daschle of south dakotah. glad to have you with us. >> glad to be back. >> thank you. >> you look at the election, bitter partisanship, dysfunction over the years, a by and large a lame duck president, unpopular. a presidential election coming up it is enough to depress you. but you have some optimism, trent lott. >> well, you have to have optimism. and the people expect it. >> you think something is going to happen? >> i do. there are some areas where clearly i believe that the president working with the congress can make some progress. there they're already talking about things like trade promotion. if you want economic growth, we can did more an benefit more from a trade treaty with the asian countries, the pas civic area countries, also with europe. the president is to the going to get that just with democrats. it's going to take republicans too. and he's going to have to lead. and the republicans are going to have to lead. so that's one. the energy area, we're having an energy boom in this country. but ar

and then when it got really bad he'd say just quote a lott ally. you know? [ laughter] allies finally, lott a to give the impression he had more than one. >> another thing on our list is the use of embargoed information and the way that the administration uses that. i know the "new york times" has a full on war going on with the white house in terms of its use of embargoed information. did the bush administration used to do that? i don't know if everyone is familiar. they'll put out something in the evening that's under an embargo that's really lame. >> you know if it's embargoed it's not news. >> like it's trying to manipulate a news cycle. i don't understand it. >> so, i mean, would that be something that would be on your list? >> yes. >> of things you would -- >> i think so. it actually never turns out to be something real and substantive. we are handcuffing ourselves in terms of reporting on something that might actually be out there. if they told us embargo until 6:00 a.m., they've told the hill, people around town, we ought to be aggressively reporting

and then when it got really bad he'd say just quote a lott ally. you know? and then finally, lott aallies to give the impression he had more than one. >> another thing on our list is the use of embargoed information and the way that the administration uses that. i know the "new york times" has a full on war going on with the white house in terms of its use of embargoed information. did the bush administration used to do that? i don't know if everyone is familiar. they'll put out something in the evening that's under an embargo that's really lame. >> you know if it's embargoed it's not news. >> like it's trying to manipulate a news cycle. i don't understand it. >> so, i mean, would that be something that would be on your list? >> yes. >> of things you would -- >> i think so. it actually never turns out to be something real and substantive. we are handcuffing ourselves in terms of reporting on something that might actually be out there. if they told us embargo until 6:00 a.m., they've told the hill, people around town, we ought to be aggressively reporting it

what isask trent lott his answer. better than estimated earnings came out this morning. joe tsai is joining us. ♪ >> welcome back. we're 30 minutes away from the opening bell. top stories this morning. he and the down joe -- dow jones industrial average at all-time highs. of for trying because slowing demand. voters decide today what congress will look like in the next two years. the new york times says there is a 70% chance that will happen. ae washington post calls it near certainty. one of the republican senators in a tight race. mitch mcconnell of kentucky. >> we will bring victory home tomorrow night. after six years, these people need to be stopped and it starts tomorrow night. >> a special edition of all due respect and we may stay on all night long. an all nighter. another big bank is the investigator foreign-exchange practices. cooperating with the got -- with the justice department's investigation. regulators in the u.k. and elsewhere. 1.2 billion dollars. magic formula,he bringing in more shoppers and more ad revenue. alibaba's first earnings report since sept

>>> there's as lott. >>> definitely, a good effort, but when you have that earth, the defense has to step up. show up. well, not a bad-outing for colt mccoy, almost 400 yards, but, it was the defense, that took a break today. >>> rg3, taking it all in, on the sidelines, and, he hopes he's motivated and started third quarter she and looks like he is about to get sacked and, he finds a wide-open, logan, who takes it in for the touchdown and skins within four and, later in the third, mccoy goes deep, to jacqui jeras. he adjusts and makes the grab. it's a shootout now. so here comes luck, he goes over the middle, to kobe, and operation a tackle and, has room, after that, no one is going to catch him. 73-yard touchdown and, scott is shaking his heads, and colts get the blowout. >>> colt mccoy goes for 393 yards. >>> the defense gave us a great opportunity. and we a chance to go up, 14-0, and we blew it. we got out of the gate too slow, and looked like we were sleepwalking out of the huddle, and not a very spirited performance on offense and defense, they tried. >>> key phrase, helped us o

cut and a lotte have been asking what that will be like for auto sales. it will not impact auto sales force china. will he get more buyers in the showrooms? unlikely that is car buyers will flock to the showroom. car bu of four people -- yers financed their vehicles, versus three out of four. we don't think so. further rate cuts will benefit corporate profits. and a lot of these companies have a capital ratio and can refinance the debt and lower the interest expense. >> let's move away from car sales in china. week.e the senate last where are we? it is not inspiring confidence, is it? this has been in the press for so long. is around so many different car manufacturers. of the issues go on for a while. there has been news about recalls being involved. it would drag on for a little bit. it will not have a big impact, if any, on auto sales. >> growing concerns over faulty airbags in japan. ordered reassessing the progress. 40% of the vehicles was still not repaired as of september. 8 million vehicles are due in the united states. >> the japanese minister sa

it has given the book more attention around the world, which i care a lott about because i'm -- a lot about because i'm very concerned that some of the same mistakes that occurred first in basil, then in cincinnati, then in toms river, that pattern is reasserting itself especially in the developing world, but especially in china. and so the pulitzer has really helped to get the word out about the book, and there'll be a chinese language edition of the book coming out next year which i'm very happy about. and i think that the pulitzer has sort of played a key role in, you know, just sort of raising the visibility of the issue, that the book looks at which is, again, it's focused on the idea that anyone who tells you that it's just too complicated and we can never tell what the effect of, you know -- we can't draw any kind of connection between an environmental exposure and a chronic disease like cancer that might not appear for another 5, 10, 12 years after the exposure. i tell them learn about toms river, because the toms river -- while we can't say for sure -- very good science sugge

you can take lott street or hoff street to get around that. on the turnpike eastbound heading towards ft. washington, two right lanes are blocked as a result of an accident in the overnight hours. we have crews still out there cleaning up, so we have lane restrictions. expect to see just a tap of the brakes as you pass that direction, but we're not seeing any delays as a result of that cleanup. and this is a live look in bucks county, route 1 at pennsylvania avenue. right here by that light post, you can see that rain coming down and the roads are going to be wet. they're wet across pennsylvania, delaware and new jersey. so, wherever you're going this morning, make sure you take your time, chris. >> good advice. thank you, jillian. >>> well, the news isn't all positive for philadelphia's taney dragons. next, why a couple is suing the little league organization. >>> plus, denying allegations of discrimination. pennsylvania state police respond to the fed's claims that the agency is not treating women right. >>> i'm meteorologist bill henley in

you can take lott or hoff streets to avoid that because that will be blocked off. and this problem with us now on the eastbound side of the pennsylvania turnpike at ft. washington, cleanup from an earlier accident. we have two right lanes blocked, but notice the speed is 65 miles an hour, so doesn't appear to be causing any delays. chris? >>> well, after the storm comes the whirlwind of thanksgiving and then the frenzy of black friday. >> i like black friday shopping. it's exciting. >> as we count down to the annual shopping frenzy, we're taking a look at the items that you may want to wait to buy. ♪ there's confidence... then there's trusting your vehicle maintenance to ford service confidence. our expertise, technology, and high quality parts means your peace of mind. it's no wonder last year we sold over three million tires. and during the big tire event, get up to $140 in mail-in rebates on four select tires. ♪ deciding between buying food and health care is something else. healthy pa is now here to help, with name-brand health insurance that costs as little as

a lott is a state where of people thought was almost certain to turn red. there was never any indication -- republicans nominated an establishment candidate. arkansas has been becoming increasingly red. bill clinton and hillary clinton went down there to try to pull mark pryor. there was the surprise in mark tom cotton winning that race. they can putstate back in to. about the electoral college. democrats see a state with an increase in african-american and hispanic participation. romney's worst or second-worst state. they came up short because of the year. if this had been a presidential year and the president or democratic candidate could register more people and generate more enthusiasm from that coalition, it might have been closer. .> we will talk more talk about who voted in the governor's races. we will have more coming up. teamloomberg politics news lob or complete coverage. president obama will be weighing in on the results in a few hours. be sure to tune in for special coverage of the white house news conference. we will also be talking about grid

look at what is being produced in nort north america and a lott has to do with drilling. >> i agree.s a lot of reasons why oil is going to have a hard time but even though we have supply, even though the miles per gallon are getting a lot better, the one thing that hasn't changed is this economy is not moving along that will really make you want to jump in and get behind oil be at at the end of the day until we get true growth, i can't really get long oil. melissa: thank you. katy perry is not the one who got away. popstar sits to take the stage for the big super bowl halftime show. but did she pay to play? at the end of the day it is all about money, after all. foreign markets. asian debt that recognizes the shift in the global economy. you know, the kind that capitalizes on diversity across the credit spectrum and gets exposure to frontier and emerging markets. if you convert 4-quarter p/e of the s&p 500, its yield is doing a lot better... if you've had to become your own investment expert, maybe it's time for bny mellon, a different kind of wealth manager ...and black swans are un

if you lose the ability to keep the door open to people dish -- i remember one day, trent lott jumped all over me in a sunday morning talk show, said i was acting like a spoiled brat. i never will forget this mitchell second term. i called him on the phone. he said, my god, are you call had gone chew me out? i said, but not for what you think. he said, what do you mean? i said, you worked hard last week, didn't you? and you agreed because somebody suggested you do the sunday morning talk shows and you woke up existed with a headache, you were mad you had to good, they baited wow are you when you got there and you took the bate. he said, that's exactly what happened. how did you know that? [laughter] i'm telling you this because it made us better friends. i didn't hear what the said. i cared whether we could go to work the next week. those things i would like to help teach people. how did mandela develop the strength to put the people who kept him in prison, 27 years, the leaders of the parties, in his government. he didn't just invite them to the inauguration, he had them in his gover

dominique lott, the boy's second cousin, is charged with first degree murder and was ordered held without bail. authorities found three-year old donnell coakley in his bed last friday. he apparently had been hit more than one-hundred times with a belt and an electrical cord. his mother and father were charged earlier this week. police in gary are holding this man, jeremy anderson, after he was arrested for the murder of a man in round lake beach. the victim's name has yet to be released. but police say he was killed in a domestic incident saturday on idlewild drive. investigators were able to track anderson's getaway car. when anderson is extradited back to illinois, he'll face two murder counts. a loyola university student has been missing for almost a week. 20 year old chan williams was reported missing by his father. he has not been at class. he is not responding to e-mails and phone calls. chan was last seen going into the chicago board of trade building, friday night. anyone with information is asked to call chicago police. a former skokie police officer was sentenced to probation fo

tom--and trent lott.thank you both for joining us. >> glad to be with you. >> you look at the landscape. bitter partisanship, dysfunctional in recent years. you have some optimism, trent. >> i do. there are some areas that i believe the president working with congress could make progress. they're talking about trade. if you want economic growth we , could do more benefit more from trading with asia countries, also europe. the president will not get that. it's going to take republicans. he will have to lead. the republicans will have to league. that is one. the energy area, we are having an energy boom in this country. are we taking full advantage of it? are there some things we can do to to help move that forward? i'm so optimistic that even on tax policy if you look at where obama is and where republicans are, if each one would make one move that could -- >> you're talking about corporate taxes? >> yes. >> do you think things could get done? >> i do. people have seen the polarization, the confrontation f

that tells people a lott when utilities and telecom for the frady cats of the world are looking prettyends when you think about the two sectors. as you noted they are really defensive plays. utilities hitting highs. names like pg&e and southern company. those are all doing well. look at telecom sector also jumping. david: nicole, oil down to 78.50 a barrel for west crude. it is hitting a lot of oil stocks hard. we had people recommending chevron just last week. >> exactly he that. it is, rub your eyes to look at. that seeing names such s chevron and exxon. they have been laggards. exxon, weak spot whole year, 2014. today is no different as we ick off november. [closing bell ringing] liz: 71 points separates the s&p from a new record high. 72 cents. that is how much it is down at the moment. now 62 cents as the session ends on wall street. who knows. we'll watch it. nasdaq does make it a win at the moment. we'll see how stocks finish up. dow jones industrials taking air of closing highs on friday, down about 27 points. russell down three points. oil plummeting. gold plummeting. as we wa

trent lott who was in on the meetings 20 years on differences he sees right now. senator good, to have you. >> great to be back, neil. >> much has been said of the different styles thief presidency vert bill clinton. bill clinton, it could be argued, had to worry about his own survival and immediately ran to work with you guys because he wanted to get re-elected this. president might not feel such an urgent need. is that why some of your republicans friends say he notice bill clinton. >> a different personality, different time. but bill clinton, after the defeet he suffered in '94, acknowledged that defeat and then proceeded to reach out and work with us and he didn't always agree with what we were trying to do. took us three times to get him to sign a welfare reform bill, and on the budget negotiations, he pleaded for more money right up until the very end when we finally had to say, no, mr. president, that it. this is going to restrain spending, cut taxes and good for the economy, and he agreed to sign and it it worked there was a lot of communication. he called

take lott or hoff street to get around it. and the pennsylvania turnpike has been the source of problems all morning long because of an overnight accident eastbound at ft. washington. we still have some activity out there, but everything has been moved over to the shoulder. and as you can see on this map, average speeds in that area about 63 miles per hour right now. so, we're not seeing a delay at the scene of that accident and cleanup as a result of that accident, but of course, that's something that's been with us for about 6 1/2 hours now. so, just take your time in that area. >>> now your nbc 10 first alert weather with meteorologist bill henley. >> rain is coming down and we're seeing a lot of rainfall and the heavy rain will continue in south jersey, while in philadelphia, the rain that's falling will change to snow. riding in on the winds, colder air that's coming in during the day. now 47 degrees in philadelphia. wind is just at 9 miles an hour. it will be stronger this afternoon and stronger and colder in the pocono

just download the first alert weather app to your smartphone or your tab lotte. can get the download for free from our website at nbc10.com. >>> 6:35. in other news, a new published report says cooper hospital's ceo and his wife were stabbed before the fire broke out inside their home in september. a family member told "the courier post" john sheridan and his wife, joyce, were stabbed several times each. their bodies were found inside their somerset county home after fire broke out in their bedroom. the family member did not say who may have been behind the attack. we are working to get reaction to this report from authorities. >>> a new state casino license awarded to philadelphia yesterday will put a gaming palace near the sports complex, and we're getting mixed reaction to that decision. here's an artist rendering of the $425 million casino slated for packer avenue in south philadelphia. it would take a couple of years to build and could be challenged in court. some say it will be great for business. others say neighborhoods will suffer. >> the thought of fami

lott is different creek is this such a can use deadly force if the person has been believed to have committed a felony or is about to commit another felony. >> that is why most of these cases or very few cases against police officers are brought in these certain situations. the police officer making a decision in a split said that. in this case a 92nd window. >> pam: some people are asking what is this taking so long been this is what is keeping the tension the building. >> all i think this to prepare for something bad. earlier this talk about a 40 hour notice because that did not happen, so when they reached the verdict this morning they went into overdrive and push the timing back twice. i think that is because they are trying to prepare for what some will lead to civil disobedience creek >> if he is indicted he will be requested to turn himself on and then question for trial. >> pam: it is not a criminal case this is a civil case with monetary damage? >> yes. >> pam: we will continue to keep an eye on that case as we move on to other news tonight. >> pam: an early morning home and bashan r

touche trent lott and the minutiae who have said up the institution. as staff director of the budget committee he was chairman you have the opportunity to look at this chart. this is not a joke. it is reality. you might remember the senator from pennsylvania got on the floor of the united states senate's and outlined what the hillary clinton health plan would look like. what most of them don't realize is lee with that appropriations process and it is not with any particular wisdom that the members and their staff do not know how the process works. but 80 percent of the elected after the last four cycles almost that many in the senate and is intuitive we have two or three that worked on it. i blame him for most of this. [laughter] so the first thing is the complexity of the process to talk to rataplan that various people have had. we will call it 3.zero but the plan has to be something that deals with the complexity how to get things done in the senate and in the house. also to come out with a series of recommendations to change the budget process itsel

we have talked to everyone from tom daschle to trent lott to olivia snow -- olympia snowe. about 1981 through 1986, i was on the staff budget committee. you have -- or you had the opportunity if you picked it up, a chance to look at this chart. this is not a joke. this is reality. you might remember when the late got on from pennsylvania the floor of the united states what thed outlined hillary clinton health plan would look like. and everyone said that was crazy and you can't do that. them did notst of realize, we were already doing this. budget the way that the and appropriations process works now. it is not with any particular probably --i saved say 90% of the budget members and their staff do not know how the budget process works. about 80% of the house in the last four electorate cycles, and almost as many in the senate, and none of this is intuitive. we had two or three of us that in 86 and i, i left left it to my friend bill hoagland, and i blame most of this on him. [laughter] that veryabout a plan as people have had. , like 3.0,e a plan because one and two were tor

. >> by the way, ronny lott is out there also. >> joe montana. >> then i've got offense/defense. steve young could run twitter. >> first division loss at home in i don't know how many years. >> richard sherman is a natural of twitter to be the ceo of twitter when he's done. >> you can watch a lot on your mobile device. speaking of mobile, numbers of alibaba. the monetization up to 1.87%. a big jump up. we asked executive vice chairman joe tsai earlier on "squawk on the street." >> we feel very good about, very confident about the users' behavior on mobile. they are using it more frequently. there's 217 million mobile active users that are using the app. we feel very good about it and the trend continues to do well. >> if they hadn't written this one line, the stock would go to $110. this is a great quarter. i am not going to back down. it's a great quarter. >> stock's flat. >> i also know when you hear margin, you immediately think amazon. >> pattern recognition. >> yes. all you would look at -- revenue growth is unbelievable. it's accelerated revenue growth. it's arg, arg, the p

we range from tom daschle to pete domenici to trent lott olympia snowe as people who have set up and are senior fellows at our institution. let me talk about in 1981 through 1986 mr. domenici was chairman. you have or you have the opportunity to pick it up, a chance to look at this chart. this is not a joke. this is reality. you might remember when the late senator from pennsylvania got on the floor of the united states senate and outlined what the hillary clinton health plan would look like and everyone said that's just crazy. you can't do that. well, what most of them didn't realize is we are already doing this. this is the way the budget appropriations process works n now. and it is not with any particular wisdom that i say probably 90% of the members of this staff do not know how the budget appropriations process works. about 80% of the members of the house have been elected over the last four cycles, almost that many in the senate and none of this is intuitive. we had two or three of us that worked on it. i left and 86 and left it to my friend bill hoagland. i blame him for most

the center of policy.an range from tom daschle to to trent lott. let me talk about in 1981 to i was staff director. you have or you had the opportunity if you picked it up look at this chart. his is not a joke, this is reality. you might remember when the late senator from pennsylvania got on the floor of the united states outlined what the illary clinton health plan would look like and err one said this is crazy. you can't do that. what most of us didn't realize doing this.dy this is the way the budget and process works now. nd it is not with any particular wisdom that i say of the members and their staff do not know how the appropriations process works. of the % of the members house have been elected over the last four cycles. almost that many in the senate -- none of this is intuitive. or 3 of us that worked left i left in '86 and bill. my friend i blame him for most of this. he disowns it. the first thing complexity of the process. that ked about a plan various people have had. we'll have a plan and call it 1 and 2 were torpedoed. but the plan

lott and deportation from male members they want to know how they plan on helping those who are potentiallyy illegally here news conference takes place at 130 this afternoon and a san jose at 5 this evening we are watching buffalo upstate new york and they receive 7 free of snow and now residents are preparing to evacuate into the possible flooding tinges are expected to be 60 degrees and is causing concern about the run off from melting snow and overflowing creeks >>mark: at the back in case evacuation unnecessary and take things by able are your basement >>darya: to play is suspected 43 million people are on to travel 50 mi. more with a home for the holiday weekend was also wednesday through sunday in belgrade the most since 2007 more than 4% up from last year it will be a record in 90 percent travelers aboard to be driving and some of the rest of the flying still ahead >>mark: grand jury reconvening will have the lead is a distress as a male and americorps as a basis of ride a week alone in a storm drain will say exactly what happened and one person dead and another person injured at the

so now we just heard the operators say that it not a lott and i don't say that it's little to have this. i don't little that. but i can truly tell you that coming a from my state, and latr i will talk about this, we canly work that by the hundreds of thousands if you really embrace a clean energy economy. the materials needed for the pipeline, that is not a domestic film. the 2011 analysis found 50% or more will be manufactured outside of the united states. and so we need clean energy policy as it is appropriate in a country where it is safe nucar especially if you can get to safe nuclear. the fact ofhi the matter is that this pipeline will bring us all across the t country. so let's look at the wind industry.su supporting those with over 50,000 full-time jobs and 20 that's 50,000 t full-time jobs . to 35 full-time jobs for the pipeline. come on. they employed 132,000 americanst and they got additional jobs since last year. not this is the future and not communities that have to suffer with this. coke and not having this all thesthm. midwest and having kids get asthma. this it happened

eight lott said on that proposition. we said smith was an applicable inapplicable, that would take us to the issue. what is the relationship between the alternative program outlined by professor feldman in his second declaration and the president's plans, proposals for change of the program? both of those seem to be intended to remove the collection, the government collection aspect of the program. >> judge williams, the various alternatives that have been produced -- proposed, including the one that the president urged congress to pass, all of these alternatives are predicated on an important fact, which is under current law we could not do, we would not meet this need, we cannot fill the gap that the president and the intelligence moody have identified without first doing it pursuant to section 215. we would need a different legal structure, inl order to adopt those alternatives. that is the president made that we think is relevant. it is important recognize -- >> i'm not sure how that fits in on reasonableness. under

we have talked to everyone from tom daschle to trent lott to olympia snowe. let me talk about 1981 through 1986, i was on the staff budget committee. you have -- or you had the opportunity if you picked it up, a chance to look at this chart. this is not a joke. this is reality. you might remember when the late senator from pennsylvania got on the floor of the united states senate and outlined what the hillary clinton health plan would look like. and everyone said that was crazy and you can't do that. well, what most of them did not realize, we were already doing this. this is the way that the budget and appropriations process works now. it is not with any particular wisdom that i say 90% of the budget members and their staff do not know how the budget process works. about 80% of the house in the last four electorate cycles, and almost as many in the senate, and none of this is intuitive. we had two or three of us that worked on it, i left in 86 and i left it to my friend bill hoagland, and i blame most of this on him. [laughter] we talked about a plan that ve