among them leaders of boeing, weyerhaeuser. joining us on the phone, representative adam smith, a democrat from the ninth district of washington. representative smith, thanks for joining us. i can't think of a better name for a guest on cnbc. >> people are always disappointed that i don't know a lot more about economics than i actually do. but at least it is good to have the name. >> you know what the invisible hand is, at a minimum. >> only too well. >> first of all, before we get into the details of the fiscal cliff, what would you say to americans who don't understand why congress is gone on vacation this week when there's such a huge bit of work -- or piece of work that needs to get done this week when it comes to the fiscal cliff or before the end of the year? >> first of all, we're not on vacation. i'm in my district right now driving through the rain in the pacific northwest. visiting businesses and schools and a big part of our job is listening to our constituents and interacting with our constituents and talking to the

we are weyerhaeuser. >> we have picked ourselves up. we have fought our way back. and we know in our hearts that for the united states of america, the best is yet to come. >> this week, the post-election rubio. -- rubio. >> i still wish i had been able to fulfill your hopes to lead the country in a different direction. >> and where do we go from here? >> mr. president, we stand ready to work with you. >> the republicans take a look at their game plan. >> i think republicans have done a lousy job of reaching out to people of color. >> of good election for women in congress. >> an amazing campaign. let me be clear. i did not bill that. you build that. >> also a look at ballot initiatives, including legalizing pot. >> this is the best day of my life. captioned by the national captioning institute --www.ncicap.org-- >> it was a long, anxious night for a lot of people in this town and across the nation, but then the networks called ohio and you knew it was over. the president won 93% of african-americans, 71% of hispanics, more women than romney. 160% of voters 18 to 29

weyerhaeuser, growing ideas. >> we are going to die. we have 90-year-old people. >> this week on "inside washington," sandy's birdknoll october surprise. >> i want to thank the president personally. >> how many votes are these pictures worth? >> we have heavy hearts with the suffering going on in a major part of our country. >> how do you compete with a natural disaster? climate change? neither candidate wants to go near it. the new unemployment number -- how will it play in the polling place? the jeep jobs in china flap. >> obama sold chrysler to italians who are going to build jeeps in china. >> it is an outrageous lie. captioned by the national captioning institute --www.ncicap.org-- >> we thought this was going to be a pre-election broadcast and all we had to do was handicap the election. along came hurricane sandy. in politics, a wise man told me once that you can never see around the corner. i don't want to minimize the tragic human dimensions of this storm and its aftermath, but this is a political program and the election is nex

weyerhaeuser, growing ideas. >> i have no evidence at this point from what i have seen that classified information was disclosed. >> this week on "inside washington," a sex scandal at the top of the cia. the benghazi blame game. >> the american people deserve to know the facts. we cannot ever let this happen again. >> why would susan rice not get our vote? i don't trust her. >> defending susan rice. >> if senator mccain and senator graham and others want to go after somebody, they should go after me. >> there are no barriers to sitting down and beginning to work through this process. >> as the fiscal cliff loans, is there a deal in the works? mitt romney explains why he lost. >> the president's campaign focused on certain members of his base coalition, give them extraordinary financial gifts from the government, and worked very aggressively to turn them out to vote. captioned by the national captioning institute --www.ncicap.org-- >> well, i just don't know where to begin this week. do we talk about republican charges of a cover-up with regard to the attack in benghazi? do we talk abou

louisiana-pacific and weyerhaeuser for board and wood, lumber highest prices since 2006 this morning.ect it would extend, even appliances and paints, again old favors, whirlpool and sherwin-williams. this one is so big it could move the needle for caterpillar, definitely unighted rentals, we'll hear numbers being bumped you will for automatic these companies as they furiously try to get the inventory where it's needed. just hiring contractors, a newfound labor shortage and wipeout, it will be difficult, but this event will supply multiple quarters of growth, and growth you must invest in during during the next four to eight weeks. it's ironic the housing and construction business was just beginning to come back on its own. with this morning's strong pending home sales number, but sandy damage, you get sharply better than expected quarter for companies that have serial disappoi disappointers, a major change, one that become the story for the first half of 2013. stick with cramer. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned th

we have already talked about those names and the weyerhaeusers and lumber companies, but bmo capital market reit analyst has some names. >>> the popular town known as the mile square, now 25% of that mile square is under water. we will have more live from our hurricane chaser jeff flock coming up. man, chanting, snapping fingers: oh, those boys are much too much! those boys are much too much! we got the spirit, we're hot, we can't be stopped! we got the spirit! we're hot! we can't be stopped! we're gonna beat 'em and bust 'em... announcer: the smallest moments can have the biggest impact on a child's life. both chanting: let's...get... a little bit rowdy. r-o-w--whoo!--d-y. announcer: take time to be a dad today. one more time. call or visit fatherhood.gov to learn more. you know it can be hard to lbreathe, and how that feels.e, copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihal

we're watching today are a lot of the peripheral plays, still from sandy, looking at stocks like weyerhaeuser, looking at stocks like beacon roofing, folks are going to benefit maybe over more intermediate term from sandy. i think that's where a lot of investors will turn especially if we don't get a romney victory, again, romney, we believe at least a general consensus will be good for equities at least in the short run. liz: let me get away from the traders. i know you are so busy. we are too. let's get to the election and we will talk about that in a minute. as you see jared brilliantly segued for us there. should you be making last minute changes to your portfolio? are you buying and selling? hold off for a second. thesis fund management ceo and portfolio manager joining me for the last hour of trading. you get sort of an extra punch of legitimacy because you run a long short fund so you love certain things, you hate certain things. but are you doing anything with your fund in advance of the election? >> no, liz, we're not trying to handicap the outcome of the election. what we do is focu

themes that have been working, so housing, for example, we are looking to buy something back like a weyerhaeuser. i think there's a lot of names there. maybe some of the industries. >>> the psychology behind the move you think that we're seeing why is the market up? >> i think people are examining what he said and looking back at boehner's statement, so maybe they do agree to put taxes on the table, the republicans. i'm going to disagree, i don't think this is a trade market, i think it's a low exposure market, where you have plenty of cash and an investing market. you just can't trade this market. you don't know who is coming out next with a statement, and that could whipsaw you. the only way to possibly do it is find out when harry reid will be speaking and go short. he's taking it down. mcconnell, in all fairness, really didn't do the markets any favored. >>> you're absolutely right, but i'll tell you one thing, is i do like hearing -- that sentence advertises the market to that possibility. >>> let's go to the former press secretary under jared bernstein, guys, great to have you on. i'm sure