trish is the host of "street smart" on bloomberg television. trish, thanks for being with us. it seems like economists have been torn on the impact of this storm. some say this will even out because there will be so much construction for the rebuilding effort. others say that won't be enough. it won't work for waitresses who are waiting in restaurants. how do you see this? >> i think the latter there, victor. good morning. i think the reality is that there is still going to be a lot that is lost from this economy. initial estimates right now are 30, 40, some as high as $50 billion that could be lost as a result of all of this storm activity. however, and this is what you're referring to. some economists are saying, well, you might see a pick up in building activity and homes need to be rebuilt and construction projects need to resume and, thus, you could see another $30 billion potential in construction that happens after the fact. nonetheless, as you point out, you're left with all those economic costs in the immediate term. all those waitresses not waiting tables right now a

thank you, trish. let's hear it for trish, all right? okay. there's one more thing i wanna show you, gang. as i wanna show you that i can light up this lamp in the dark. robert, the lights, please. the lamp is lit. when i hold it like this, no. but like this, yeah. this, goes out. like this, light. i've got a question for you. lights please, robert. when i held the lamp like this, it lit up. when i held it like this, it didn't. surrounding this dome is a very strong electric field. i've got a question for you, where do you suppose the electric field is stronger, close or far? close. close? won't i have charges in here-- more energized here than here? when we talk about the energy per charge, we're talking about a concept called voltage. guess where the voltage will be higher, here or here?

joining me now is trish regan, host of bloomberg tv's "street smarts."sh, good morning. >> good morning, randi. >> what's the likelihood of not reaching a compromise in time? >> the market changes from minute to minute. investors will feel optimistic and suddenly the market moves higher and then they get pessimistic. you can see how the market reacted just yesterday when you saw nancy pelosi out there. you saw john boehner out there saying we are hopeful we can get a deal done, and the market had a positive reaction to that, yet it lost that upside throughout the day. teetered back and forth between positive and negative territory, finally close the day out positive, so perhaps that suggests that maybe we are a little bit closer, but here's the thing, randi. they have got to get something done. >> yeah. >> they have got to solve this issue because if not the consequences are severe. >> you know, you listen to some people and they suggest that fears of falling off the cliff are overblown. i mean, what are the real consequences here? >> the real consequenc

. >> you know there, was one really ridiculous player in the elections, michael and trish and that was morris. this is his major prediction of how the election would turn out. >> it's going to be, well, you can call it a landslide or not but 325-223 is pretty landsliding in my view. >> okay, that was a foolish and ridiculous prediction. he lost. he's allowed to make a bad prediction. he's a journalist, an analyst. let's listen to her justify it. >> i hope people aren't mad about it. i spoke what i believed, and i think that there was a period of time when the romney campaign was falling apart. nobody thought there was a chance of victory and i felt that it was my duty at that point to go out and say what i said. at the time that i said it i believe that i was right. >> he said that fox news, he said this last week, does not have an agenda. if they don't have an agenda they should not have people like that on air saying they have an agenda. they should fire dick morris. the elbow of the day on dick morris. look at me, delivering my first

"outfront" trish regan of street smart and author of "joint ventures."inning of the future. >> it's the beginning of a trend. the reality there's economics behind this. states are struggling right now. they are looking and saying wow this could mean something for my tax revenue. this could help me deal with my budget deficit. maybe it could bring in a little bit of tourism besides. so my expectation is you're going to see more and more of this. california tried it in 2010. was not successful. it will resurface in california. a lot more states will follow. >> they can get tax revenue from it. it's big money. >> big, big money. colorado and jeffrey marin is estimating colorado and washington will each bring in about $50 to $60 million in tax revenue and that's not only that. enforcement savings. $47 million you don't have to run down people. $74 million in colorado. $99 million being saved in washington. then as i was saying earlier there's all this potential tourism. denver, colorado. you have more -- >> the new amsterdam. >> in fact there's an area in de

trish is the host of "street smart" on bloomberg tv.ood to see you. >> good to see you, fredricka. >> i know we don't know exactly how well the retailers did on black friday, especially since many of them started on thursday. numbers are going to trickle in throughout the weekend. but i tell you, if you decided not to go to the store, you could have gotten some great deals online, which seems like it would undermine the whole cyber monday thing. what's going on? >> you could and still can get great deals online. a lot of retailers ran really terrific specials. they started them, fredricka, on thursday. they ran them friday. they're still running them throughout the weekend. so of course, if you're someone who is really like me, maybe you aren't so crazy about shopping with big lines and hordes of people, yes, it makes sense to do it online because the same deals, in fact, in many cases, better deals exist then. a lot of people did. if you look at the traffic numbers that we have seen already online, they're pretty significant. in fact,

i spoke earlier with trish regan and asked her what the fallout would be if a deal isn't reached in timeestors will feel optimistic and suddenly the market was a little higher and suddenly they get very pessimistic. you can see how the market reacted just yesterday when you saw nancy pelosi out there. you saw john boehner out there saying we are hopeful we can get a deal done. and the market had a positive reaction to that. yet it lost that upside throughout the day, teetered back and forth between positive and negative territory. finally, closing the day out positive, so perhaps that suggests that maybe we are a little bit closer. but here's the thing, randi, they've got to get something done. they've got to solve this issue. because if not, the consequences are severe. >> but you listen to some people, and they suggest that fears of fallen off the cliff are overblown. what are the real consequences here? >> the real consequences are another recession. i mean, i can tell you every ceo that i'm talking to right now says i'm not making major decisions. i'm waiting. i'm standing by the sid