stuart varney.ding me? what is this show called? stuart: varney and company. >> don't you have enough of your name? >> with a name like asman, i am a little envious. stuart: my colleagues, david asman, you are in there. stuart varney. this book and my on-air work as well. >> we should not overlook the fact that this is a good book. they think they know what is better for the people they love people themselves do. stuart: the subtitle, charles is theodore and would roll out american residents destroyed constitutional freedom. the judge is not here to defend himself or his book. we will say this for another day. >> what is the name of this book -- show again quixotic. stuart: varney and company. remember

neil: shy knocked the house down, all right, we have a lot coming up on this, beginning with stuart varney at 5:00, varney confuses people, a lot of people think that is a british accent, he was born in brooklyn, then lou dobbs 6:00, then just minutes before crucial states poll closes, likes of rudy you'lgiuliani and supersuper. and i can go on and on. the best and brightest on the planet. right here, with us, looking after you, and your money. >> both sides, sending in their big guns to win minnesota, is that working? it could be another crucial swing state. for many, nexium helps relieve heartburn symptoms caused by acid reflux disease. osteoporosis-related bone fractures and low magnesium levels have been seen with nexium. possible side effects include other serious stomacha, conditions may still exist. talk to your doctor about nexium. neil: all right, i don't know if they are feeling nene or want to be intimidating a number of subsurrogate for robitussin campaign, they feel they will pick up 9 of the 11 big swing states including minnesota. which became which of like out of no -- comp

neil: shy knocked the house down, all right, we have a lot coming up on this, beginning with stuart varney at 5:00, varney confuses people, a lot of people think that is a british accent, he was born in brooklyn, then lou dobbs 6:00, then just minutes before crucial states poll closes, likes of rudy you'luliani and supersuper. and i can go on and on. the best and brightest on the planet. right here, with us, looking after you, and your money. >> both sides, sending in their big guns to win minnesota, is that working? it could be another crucial swing state. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. neil: all right, i don't kn

stuart: so, welcome to "varney & company," good to have you with us. >> thanks. joy of hate" do you think that people hate people in america and there's joy in hating the rich? >> now what? i think that everybody wants to be rich. however, they, they have kind of bought into this idea of like that fairness is somehow an actual concept. and this country is based on equality of opportunity, not equality of outcomes. and that's what we-- that's what we're placing it, one with the other, and it's now mean to compliment somebody. like, for example, if you expect somebody to work hard, that's an insult. and it's like you're supposed to say, you know, we use the cliche, up from your boot straps. you can't do that anymore, because that's kind of like seen as-- >> well, it's better to be a victim. >> exactly. david: victim hood is the pinnacle of being. >> so fairness is now this frosting you put over everything and it's absolutely meaningless because it does nobody any good. it's like, when you hear fairness, you know, grab your wallet because it means somebody is taking

stuart: more "varney and company" after this. highlight reels the road. >> but at the winter solstice on andrew cuomo's door -- >> don't, what i think. what i said i didn't have a problem i don't have a problem. stuart: when you have a thing about atheist. before their brilliant because what they try to do with it different religions against each other. no nativity scene because you are offending muslims when in fact they hate all religions and americans better be careful about this. >> take santa claus out of the mall? ridiculous. stuart: one atheist objects and everyone else has to change to accommodate them. a great show. i thank you, carol and charles for showing up on time, being nc

tracy: only hours from now stuart varney kicks us off 5:00 p.m. eastern. lou dobbs, neil cavuto also joining in. we'll walk you through the returns again beginning 5:00 p.m. eastern and clearly well into the night. can't afford to miss it. lori: no you can't. neil is fun. tracy: longer the better for neil. he gets funnier and funnier as the night wears on. tracy: certainly does. lori: so much more ahead including which invests could pay off no matter who wins. charles payne is next with that. tracy: we're talking about aol. aol's stock shooting higher on quarterly results. ceo tim armstrong is our special guest. every day at this time of the day we look how oil is trading. oil up $3.11. 88.76 a barrel. not only do we not have gas it will get more expensive. we'll be right back. we have big dreams. one is for a clean, domestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some

neil cavuto is off today so we will turn to stuart varney and "your world." >>stuart: look at that, stocks, up. hopes for a fiscal cliff deal, up. question: does that mean taxes are about to go up? welcome, everyone, i am stuart varney here for neil cavuto and this is "your world." stocks straight up. wall street betting a deal will be made as democrats double down on demands for tax hikes as part of a deal. >> the president has been very clear, the higher income people have to pay their fair share. >> letting the top rate return to clinton era levels. >> that would be 39.percent. a new poll shows a majority of voters 57 percent, favor hiking taxes on high income earners and not looking too good for republicans looking to hold out. and now art laffer, i am not suggesting this is good policy but this is what will happen. tax rates up on the rich and promises of spending cuts later, and ignore the debt. that is the nature of the fiscal cliff deal. what do you say? >>guest: you are correct. that is what is going to happen. i hope a vast majority of the republican

stuart: stuart varney comes to you -- >> average cost is $800. ave got a lousy credit score, that would be say 500, that's a pretty bad score, isn't it? >> that's a bad score. stuart: i pay you $800 and you get me a score of 700? >> there are no guarantees, stuart. stuart: i do pay you the money. >> that's a guarantee. stuart: you could get me from 500 to 700 on my credit score. how do you do that? >> how much time do we have? [laughter] >> we have a six month program that we put clients through. stuart: real fast, what do you do? >> do a credit analysis and we figure out what information is skon the report that's causing you pain. -- what information is on the report that's causing you pain. stuart: do you go to the credit reporting agency and say ease up on stuart varney, he will pay that. >> what we say is if you wish to report that information, you have to verify it and make it accurate, and unfortunately the credit bureaus quite frankly do a terrible job with that. stuart: look, i haven't paid my bills, right? i have a lousy credit score of 5

stuart varney, coming up at 9:20 eastern time, varney and company will discuss this and more n yes, siriness" network. thanks for coming in. at 21 minutes after the top of the hour, first he took christmas out of tree, then the governor of rhode island wanted to pull the plug on the entire christmas celebration. this morning there is a big story update on this. the war on christmas continues. dolly parton hanging out with gretchen. what does she think about men and men getting married and men not being men and women wanting to be men? what do they think about all that? those two dressed in purple will talk about it and stuart varney will listen from wherever he'll be perched [ male announcer ] in blind taste tests, even ragu users chose prego. prego?! but i've bought ragu for years. [ thinking ] woer what other questionable choices i've made? i choose date number 2! whooo! [ sigh of relf ] [ male announcer ] choose taste. choose prego. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is only made

stuart varney, then the dogs then neil cavuto.h the balance of power with the senate. dennis: we will continue erection coverage next across the country. cheryl: what is the election day rally?nd his newoss to nice to see it. joe doesn't know it yet, but he'll wk his way up from busser to waiter to chef before opening a restaurant pecializing in fish and me from the great northwest. he'll start investing early, he'll find some good people to help guide him, nd he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. maybe it is not a rally that may be today is finally over. >> company's earnings are still coming and we have a great rally with reporters all over the country. tracy byrnes will go over the next hour. >> what about europe? the global money is flooding the markets we are the best of the worst. >> i am tracy byrnes. lori: down to the wire as the president and a governor face-off and the key sa

stuart varney is here on that.t the president would not know about the petraeus investigation, members of his administration knew in july. what we need to know about eric holder's role. we will see you in "america's newsroom" at the top of the hour >> gretchen: fox business alert. 439,000 first time unemployment claims were filed last week. that's a lot more than expected. 375 was expected. and had been ticking down as of late. here to react, governor of wisconsin, republican scott walker who joins us live. are you in vegas? >> i am. i'm at the republican governors association. it's pretty early in the morning for a midwesterner. >> gretchen: i know. no doubt. i thought you were out there betting on the packers or something. let's get to these jobless numbers. >> that would be a safe bet, you know. >> gretchen: it would be, you know. let's get to these jobless claims numbers. a lot of people will be raising eyebrows high today that after the election, we go up to this whopping number of 439,000. what do you make of

cheryl: then, no one and only stuart varney on his take of a romney valley. as we do every day at this time from a let's take a look at oil. ♪ cheryl: we head into the election with congress a thing is lois approval ratings in history. it was the subject of last night's 60 minutes. >> we do not know any longer how to work out differences. we cannot get past differences. >> we have run into a situation where compromise is not part of what we do anymore. >> it is not easy to reach an agreement when you have different views of where the country should go. cheryl: what did you make of the report last night? >> i thought it was, of course, very interesting. people are concerned about the gridlock. i have been campaigning around the state. people are concerned that we are not able to come together and move forward. i think after this election there will be more resolved. the people will have spoken. if they elect democrats, we will work. if they elect republicans, we will have more of our way. cheryl: what do you think is the real problem? you are leaving. in retro

. >> gretchen: stuart varney on that next. >> brian: aflac trivia question. male announcer ]lka-seltzer plus presents the cold truth. i have a cold... i took dayquil but i still have a runny nose. [ male announcer ] truth is, dayquil doesn't work on runny noses. what? [ male announcer ] it doesn't have an antihistamine. really? [ male announcer ] really. alka-seltzer plus cold and cough fights your worst cold symptoms, plus has a fast acting antihistamine to relieve your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] can't find theraflu? try alka-seltzer plus for fast, liquid cold, and flu relief. [ male announcer ] when this hotel added aflac to provida better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ♪ ha ha! [ female announcer ] a classic meatloaf recipe from stouffer's star

stuart varney with us this morning. martha: president obama will face report,for his first news conference since his reelection. it starts at 1:30 eastern i am. we understand he will join vice president biden in a meeting with the heads of some of america's largest companies to talk about the fiscal cliff and to talk about ways to generate jobs in this country, this comes a day after the meeting he had yesterday which was first on the agenda to sit down with the nation's top labor leaders. bill: what if they fail on this cliff. nearly all americans will see a tax increase while across-the-board spending cuts take effect. so far there is no plan from democrats or republicans that both sides can agree on. but senate minority leader mitch mcconnell says he's ready to reach across the aisle. >> we are ready to find common ground on revenue. but we are also not about to further weaken the economy by raising tax rates and hurting jobs. bill: in 30 minutes, what would steve forbes do? martha: that's a question i always ask mys

stuart varney, lou dobbs, and, of course, neil cavuto, guiding you through it all starting at 5 a.m.. will make a joke at some point. oil closing 79 cents on the day at $85.65 a gallon, a gain of 1%. maybe that means more and more people are actually out there buying it. that would be a good thing. coming up, the losses from hurricane sandy add up. liz reports on possible damage to trillions of dollars in damage in stock certificates. ten year down three points at 3.186%, and the 30-year down as well as, well, there it is, 2.87%. we'll be right back. ♪ [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. >> it is a roller coaster day on wall street here ahead of tomorrow's election. the

fox business, by the waken begins a special election coverage with stuart varney and 5:00 p.m.astern, a special ou dobbs tonight" begins at 6:00 p.m. neil cavuto at 7:00 p.m. we are going to be with you until a winner is declared. we're coming right back. stay with us. stay top of mind with customers? from deals that ing them in with an offer... to social media promotions that turn fans into customers... to events that engage and create buzz... to e-mails that keep loyal customers coming back, our easy-to-use tools will keep you in front of your customers. see what's right for you at constantcontact.com/try. [ female announcer ] some people like to pretend a flood could never haen to them. and that their homeowners insurance protects them. [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods. ♪ visit floodsmart.gov/pretend to learn your risk. so, which supeast 4g lte service would yochoose, based on this chart ? don't rush into it, i'm not looking for the fastest answer. obviously verizon. okay, i have a different chart. going that way, does that

fox business, by the waken begins a special election coverage with stuart varney and 5:00 p.m.a special "lou dobbs tonight" begins at 6:00 p.m. neil cavuto at 7:00 p.m. we are going to be with you until a winner is declared. we're coming right back. stay with us. energy is being produced to power our lives. while energy development comes with some risk, north america's natural gas producers are committed to safely and responsibly providing generations of cleaner-burning energy for our country, drilling thousands of feet below fresh water soces within self-contained well systems. and, using state-of-the-art monitoring technologies, rigorous practices help ensure our operations are sa and clean r our communities and the environment. we're amera's natural gas. ve lately. t because of business people like you, things are beginning to get rolling. and regions is here to help. makingt easier with the expertise and service to keep those wheels turning. from business loan to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together.

stuart varney is here. this is what the french deserve.on everyone that's successful in that country and look what the credit rating is. >> that's fighting words there, brian. >> brian: am i 100% right? >> actually you are. the french have got far too much debt. there is no prospects for real economic growth in the future. they've taxed the rich to the hilt. 75%, so they're leaving. they have absolutely no plan to reform entitlements. in fact, they've just lowered the retirement age. does that ring a bell? look what they're doing. now look what we're doing here in america. we are going to tax the rich. we have slow growth next year. maybe even a recession. and we have absolutely no plan to rein in our entitlements inasmuch yeah. but they're actually talking about changing entitlements where it would be more costly for the government. we need to talk about doing something about entitlements. >> we're talking about a deal and the only deal i've heard is we're gog raise taxes on the rich. not what we're going to cut. >> brian: democrats are w

stuart varney here to explain. >> that's not very good news. >> steve: no, it's not.tants out there now to help businesses, hey, this is how you cope with this big headache? >> look, be careful. you might get what you vote for. america voted to continue and keep in place obamacare. now we're going to live with the consequences. if you've got an operation that employs more than 50 people, you are subject to obamacare. you got to provide health care for those employees. so how do you get ready for it? what are the consultants saying? they're saying move to part-time employees who are not -- they don't have to be given health care coverage. >> steve: that's 30 hours or less. >> you're a part-timer. you've got all these restaurants, it hits the restaurant industry in particular. a whole string of restaurants are considering or have announced that over the next 14, 15 months, they are going to adjust to part-time workers. no more full time. mostly part-timers. long list of people who are going to do it. >> steve: let's look at some of the providers of food that are having

stuart varney joins us right now.tary of business? >> it's a rotten idea. it makes the government bigger, makes the bureaucracy bigger. adds another layer of bureaucracy on top of business. it's not designed to help business at all. it is a political response to the president's antibusiness image. think about it, already we have a commerce department, energy department, a federal trade commission, we have a consumer protection bureaucracy. we have an energy department, f -- you name it, we've got it. all of them deal with business. are we going to get rid of all those bureaucrats who deal in those departments and put them all into one big new department with a cabinet secretary? that's out of the question. we're not going to get rid of anybody. we're going to add another level and layer on top of what we've already got. >> steve: a lot of people, skeptical people are looking at it and going, the race is so tight right now. for the incumbent to be tied with the challenger right now, not particularly good news for him.

stuart varney says yes.ome walking into our studio on this beautiful monday morning at the didn't have something big to say, i ask you you are . re you go. you, too. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we stilneed your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, evertime. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpn pie. and apple. 3% back on 4 trips to the airport. it's as easy as.. -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the

neil: john, always a pleasure, if no for other reason than your british accent is better than stuart varney'sent. thank you very much. thank you, john. in the meantime, the man who brokers some pretty night deals for lawrence taylor, what about this one between president obama and speaker boehner? and like s. or you can get out there and actually like something. the lexus december to remember sales event is on. this is the pursuit of perfection. >>neil: maybe we just got ahead of ourselves. progress is looking not so good on the budget talks with ed henry at the white house with the latest. i am confused. where are we? >>reporter: santa geithner came to capitol hill and there was optimism but he came without bearing gifts and officer speaker wanted to see something on specific spending cuts. speaker boehner suggested the talks are going form right now. if there is any optimism it is the white house trying to both some life into the talks with too little bits of movement. james carney said the president is now open to spending cuts being part of the fiscal cliff talks. yesterday, the president

. >> almost as often as stuart varney. stuart: what went wrong?> a lot of these raises were tight and fell to obama. one is tactical. this is mostly a tactical election. they had very good ground game and played defensive ball the entire time but essentially they got most of the people who voted for him last time around. he is the first president to win a second term with a smaller percentage of the vote that he won in his first election. only two stake in the union, hawaii and mississippi where he increased his vote and did so at less than 1/4%. stuart: i find it hard to swallow that a president is reelected who has a failed record in most areas of policy, but he is reelected. i cannot call that a tactical loss. >> two strategic things. on the issue of the economy and exit polls will not be correct until noon today, but if you're a top issue was the economy, 59% of people said the top issue was the economy romney won 51-46. we should have done better. we need to make a better case for consistent economic policy. stuart: economic policy was the ke

i'm stuart varney and this is a special election day edition of "varney & company". we have an all-star cast spread throughout the studio and across the country for you. gerri willis at romney headquarters in boston. rich edson at obama headquarters in chicago. sandra smith is tracking key swing states for us. scott rasmussen has final polls and a prediction. first our company for the for the hour, former presidential candidate steve forbes and radio host and best-selling author, monica crowley. to you first, you're both conservatives. monica, who is going to win. >> governor romney will win the presidency by three percentage points and over 300 votes. stuart: are you being objective? >> i hope not my wishful thinking. over last month and a half i have been to most of the swing states. the energy is palpable. not something easily to discount. we have momentum on our side. between the economy and mitt romney's message and the fact that people are proactively voting for mitt romney, rather than just against barack obama me as huge deal. stuart: steve forbes, who wins?

stuart varney, anchor of "varney & company" on the fox business network. stu, this is huge compared to what they were expecting, right? >> you can't explain this huge number entirely on the storm, sandy. it is true that last week many people up and down the eastern seaboard were able to get out of their houses for the first time and go down and file. that accounts for some of this big increase. but gregg, there is a suspicion that the underlying trend is for higher and higher jobless pen fit claims because the economy appears to be getting weaker and weaker. we face tax increases next year. that's been noted by business. there have been some layoffs prior to those tax increases. and so the underlying trend may be up. it has been exaggerated by hurricane sandy. gregg: stu, things could get worse january 1st, when all of these spending cuts and tax increases happen. it is so-called fiscal cliff. put it up on the screen. 158 million americans would be affected by this. the average household, $3500 a year in tax increases. you're talking about 88% of the house

fox business network stuart varney joins me right now. you listen to nancy pelosi. they made all kinds of painful concessions in order to just even put this first plan out there. melissa: look you put in place a plan like the president has proposed and it is a recipe for real economic trouble, maybe even a recession. martha, just for a second, take the politics out of this. consider where we're starting from. we have 8% unemployment, very slow growth and we have 3.5 billion added every day to our national debt. if you impose this massive tax increase and take away any restraint on the government borrowing of new money you're looking at potential higher unemployment, that the real danger you have runaway borrowing and set up what is called a debt crisis at some point in the future. this plan or anything like it, if it is imposed january the 1st is very bad news for the economy. martha: you know, democrats say republicans, we just saw chris van hollen, representative van hollen saying come forward, republicans tell us what you would cut from spending. perhaps republic

let's bring in fox business network stuart varney for a look at this. good mornings, stuart. what lies ahead? >> that is a difficult question to answer. looking at the numbers we received today from a couple of reports you can probably say tomorrow 8:30 eastern time there were roughly, 120,000 new jobs created last month. that is a very rough estimate looking at today's numbers. now let me go into today's numbers, they are politically loaded because they present a snapshot of the economy right before the election. they're going to be intensely scrutinized because we've had a couple of very generous and pretty surprisingly positive reports last month. 363,000 new filings for unemployment benefits. that is still a very high number. and it is stablizing, right around that level. that implies that the economy is still weak. and if you look at the other report we received today on private sector job creation, you will see 158,000 new jobs created, but, here's where the intense scrutiny comes in, because that particular report has been reconfigured. it is under new management. they

with stuart varney. we have lou dobbs and then me with all of theseto hold it up after last week? i will try. melissa: so this is it. the final moments of election 2012 are ticking away. we've to the got the latest and greatest from fox news's bill hemmer. he is next to me. romney surrogate diane black is here. former clinton advisor lanny davis on the each of this monumental day. we have every money angle covered. >>> also day 6 since superstorm sandy hits, chaos from gas shortages still reign. we've been hearing this will be over but how long will it take to end. >>> people say the economy doesn't care who is elected president. two all-stars will duke it out. even when they say it's not it is always about money. melissa: first up, let's look at the day's market headlines. investors were on cautious footage day before the election. a choppy day of trading eventually led to small gains from stocks. the dow rose 19 points. apple sold three million new ipads over the weekend. ipad mini officially hit store shelves on friday. shares of apple rallied on the news, closing up more than

fock business coverage kicks off with stuart varney and then lou dobbs at 6:00 p.m.p impressive trio

with stuart varney. we have lou dobbs and then me with all of these fine gentlemen and ladies throughout the night. sometime next year. >> off to columbus ohio and finally manchester new hampshire before heading back to ohio for tomorrow. meanwhile, rock legend bruce springsteen joining president obama at a rally in wisconsin. spending the final day of the presidential campaign travelling on air force one with the president. obama is going from madison, wisconsin to columbus, ohio where he will only be 7 miles away from romney. after that ousted the morning to my well before settling in illinois where you will sit out the election there with his family. he has no public events scheduled for tomorrow. with more on the last day of campaigning joining me now, doug holds egan, president of the american action form and former ceo director. coast of the five on fox news and ed rollins, but republican strategist and fox news into bitter. i want to start with you. you have so much experience with these campaigns

fock business coverage kicks off with stuart varney and then lou dobbs at 6:00 p.m.p impressive trio of handsome gentlemen from 6 6:55 until god knows how long. it could go late. we don't know.

here with the latest on the fiscal cliff, the showdown, much more, stuart varney from the fox business network and the cohost of "the five," dana perino. can i have free birth control, free healthcare? what's snowpacked. >> i don'what's happened?>> i dy wakes up in the morning, saying what can the government to give to me? there's still self determination to get ahead, but the government sits like a lead weight on our ankles. particularly if you get into a situation where the government is not just your safety net, but becomes part of your everyday life for maybe a generation or two, it becomes harder to break that cycle. >> look, i think deep down america knows that what's going on is wrong. i don't see great enthusiasm and euphoria following the re-election of barack obama. deep down, i think america knows there's something wrong with the state of america today. it's become what can i get from my country? we know we can't afford it. we know that it's not traditional america. we know that morally it's wrong. there's a deep seated anxiety following this re-election -- >> sean: wait a m

stuart varney at 5:00 p.m. join neil cavuto on fox business when hopefully, hopefully the final returns come in. christine todd whitman is shaking her head. it will not be an early night? liz is back from the nasdaq. talking to ed lazear, former chairman of white house council of advisors. he said many folks are ignoring a important job statistictic. which one is it and how he sees the economy under a president romney if that happens. let's look how metals obama has performed since he was sworn in and as president and since the fed printed up almost 2.5 trillion in the era of quantitative easing. ♪ announcer: the smallest moments can have the biggest impact on a child's life. take time to be a dad today. learn more at fatherhood.gov. david: americans head to the voting booth today as we watch for polls to roll in. we have someone who says one outcome to current around his market outlook. liz: byron wein, blackstone advisory partners joins us in a fox business, exclusive. i'm thrilled you're here. you're a great

stuart varney, host of "varney & company". morning to you, sir? >> this is a real shift. one of the two sides had some movement in their position on the tax side of the debate. that side is the republican side. as you heard there from senator lindsey graham, other, and other republican, they are now prepared to accept getting more revenue from the rich. not higher tax rates on the rich but getting more revenue from them by capping deductions. there has been no movement on the other side of the aisle. democrats like senator carl levin are still sticking to raise tax rates on the rich. the president will hit the road this week again demanding higher tax rates on people making more than $250,000 a year. there has been some movement on the republican side, bill. bill: let's get to democrats in a moment. i want to be clear on this what these republicans are talking about is revenue. that is tax reform. there is a big difference between that and a tax rate being changed. explain that. >> that is correct. what the republicans want to do, certainly senator corker this morning sai

stuart: i'm sorry. could be trouble for varney right here. >> yes. stuart: get things done, do it. make it happen. what would you do if you were the president. >> if i were the president, i would call all of the oil companies that are here in the united states, and i would ask, do you have gasoline tankers that we could send there right now to get people, first of all, some people need fuel oil. people need gasoline, whatever you can do. cut through the red tape. see, one of my principles as a ceo, when you have a problem, go to the source closest to the problem. go to the oil companies and ask them how do we quickly get gasoline into these areas that have been so decimated because of this storm. stuart: i'm shocked to hear you say that. didn't now that oil companies are wicked and only good to be taxed? didn't you know that, herman cain? i'm shocked at you, i really am. >> stuart, i didn't get the memo about oil companies being wicked and when i talked to-- when i talked to over 2000 business owners over the last two months as part of our jo

. >> gretchen: let's hand over our coverage to stuart varney. >> i'm stuart varney with this specialthe election. a jobs report. it will show the unemployment rate at the enof the president's four years in office. there are two headline numbers to look for. the unemployment rate and the number of new jobs created. they will feature prominently in the final days of this campaign. we will also be checking what is often called the real unemployment rate. that is people who want to work full time but can't. and we'll check how many people came into the work force or dropped out of it. these numbers are released at precisely 8:30 eastern time, which is about 20 odd seconds if now. they counted these numbers up because there is big money involved in these numbers. they're not released until precisely 8:30. we're going to go to peter barns at the labor department. i'm looking from the top, i'm looking for that unemployment rate and a number of new jobs created. those are the headline numbers. it's 8:30. peter? >> stewart, the economy created 171,000 new nonforeign payroll jobs in o. the une

it is, but it's not our short-term crisis. >> gretchen: stuart varney is here to analysis this.ral petraeus to arrive. what do you make of richard trumka? >> he's an extremely influential and power man in the second obama term. he's basically laying the groundwork for economic policy in that second term. he's saying look, forget about this fiscal cliff. what we want to do is spend more money and tax the rich. he's saying the debt is not a problem now. it may be a problem down the road but it's not a problem now. so he's being very forceful in saying spend it, spend it on infrastructure. keep spending on medicare. medicaid. we'll borrow the money and we'll worry about it later. >> brian: the fact that he goes in first and the ceos go in later in the week and then congressional leaders to end the week today, doesn't that say a lot? >> it does say an enormous amount, yes, it does. the first out of the box, the first meeting that the president had after his reelection was with the left. union people and leftist activists. they got in first into the white house. they laid down the la

stuart varney is following the numbers for us. come on in, stu begin. tomato, obviously. haha. a kick to it. wahlalalalallala! smooth, but crisp. it's kind of like drinking a food that's a drink, or a drink that's a food, woooooh! [ male announcer ] taste it and describe the indescribable. could've had a v8. [ a hybrid? most areaste it and djust no fun to drive.able. now, here's one that will make you feel alive. meet the five-passenger ford c-max hybrid. c-max says ha. c-max says wheeee. which is what you get, don't you see? cause c-max has lots more horsepower than prius v, a hybrid that c-max also bests in mpg. say hi to the all-new 47 combined mpg c-max hybrid. i've been fortunate to win on golf's biggest stages. but when joint pain and stiffness from psoriatic arthritis hit, even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain, stiffness, and stop joint damage. because enbrel, etanercept, suppresses your immune system, it may lower your ability t

stuart varney joins us live.olidays. >> yes, it is. here you have a union which rejected these give backs. the company wanted give backs, lower pension, lower medical payments, et cetera. they wanted all of that. the union said no, you can't have that. the company totally shut down. which raises the question, who killed the twinkie? is it the unions? is it bad management? is it changes in our eating habits? what is it? >> alisyn: here are some of the things that the company was up against, 372 collective bargaining agreements. 40 different pension plans. 5500 delivery routes. we heard you couldn't put wonder bread on the same trunk as the twinkies. so clearly it was bogged down. >> you can not have all these generous pension and health benefits. you can't have that if your company is not run efficiently and profitably. the union was standing in the way of efficiency and profitability. >> brian: richard trumka says they were eaten up bay bain capital-like existence. they came in, divided it up and destroyed it. >>

. >> steve: stuart varney here and he's talking higher taxes.ed this country from the depth of despair to the great heights of hope, the belief that while each of us will pursue our own individual dreams, we are an american family and we rise or fall together as one nation and as one people [ woman ] ring. ring. progresso. i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy broth mmm i can still see you. [ male announcer ] progresso. you gotta taste this soup. the latest coffee machine from nespresso. modular. intuitive. combines espresso and fresh milk. the new u. nespresso. what else? available at these fine retailers. >> gretchen: what's the financial fallout of america's decision? stuart varney with the key business issues on the president's agenda for term two. you have three very important points. good morning. >> i do. tax increases are almost certainly on the horizon. tax increases to people making more