States. Hes at the Scranton International airport just outside the hometown of his opponent, joe biden. Former Vice President biden, step for step in pennsylvania at this hour. He just wrapped up an event in monaca, and will be heading to pittsburgh for two events later. Both candidates hoping lastminute stops in the keystone state will be the key to victory tomorrow. Lets curate crucial charts and numbers for you. The gravitational pull for stocks going both north and south, although with the nasdaq we look like we are going to go back up north for the moment after suffering its worst week since march, you can see the Dow Jones Industrials back on track for the bulls, up 423 points. Of course, on this first day of november trade, you have the nasdaq whipsawing up and down. Right nows t its down three points. Low of the session, a loss of 80. A high of 159. Trying to figure out the direction for that index. The vix or wall street fear gauge complacent at this hour. It actually, as we look at it, is up 33 since october 5th. That is the 30 days leading up to election day. Only the 30 days before the 2016 election were higher. So you look at that kind of jump and you realize theres as much tension right there in the markets here over the past 30 days. Weve got our bipartisan Economic Panel ready to go. Grover norquist, americans for tax reform president , faces off against austan gals boolsbee, f chairman of the council of economic advisers under president obama. They are about to make the final case to undecided voters who may want to vote with their wallet. I know thats a lot of you guys out there. Stay tuned. What about the pandemic . Will spiking cases tilt this election . Dan bergman runs henry shine, the medical Products Company that distributes vaccines. How his company is preparing the nation for the upcoming twindemic. Flu season in the middle of the covid crisis. Hes here in a fox business exclusive. Check the dow, up 410. To the election epicenter of the moment, pennsylvania. No wonder both President Trump and former Vice President biden are campaigning there with just one day to go. They are battling for 20 crucial Electoral College votes. Real clear politics average based on polls over the past six days show that former Vice President biden holds a slim 2. 9 lead over President Trump who is stressing a narrative that he will be better for fracking and coal which of course are important to that state. Now, here at the claman countdown we are looking at facts and numbers. We wanted to show you this number. Since the 2016 election, when donald trump shocked the world by turning pennsylvania red to win the presidency, the S P Energy Index which is jampacked with energy names, is actually down 59 . Will joe biden be able to flip it back to blue by convincing voters that perhaps President Trump has not been as helpful to fossil fuel companies as some perceive . That is the question we pose to Connell Mcshane, who has been out talking to voters in wilkesbarre. Connell . Connell thats a really good stat. I dont think people would have guessed that off the top of their head. Not only are we talking to voters but we spent a lot of time in the mountains around williamsport, pennsylvania, rural part of the state, talking to Energy Company executives. Im guessing they would argue that their business doesnt always correlate with the stock price, maybe following the price of oil and other commodities as much as it does with job growth. You sometimes can have one without the other and we were talking to them, they say they really brought a boom to that area over the last ten years or so and added so many jobs that if policy were to change, they do say that they fear for what the future might hold economically for the local economy and the knockoff or knockdown effect those type of things have on local economies, states like pennsylvania and texas and others. But youre right. It could all come down to here, the 20 electoral votes. Today we are in luzerne county, in wilkesbarre, pennsylvania. President trump only won the state by 44,000 last time around so thats how important it was. In speaking to voters over the last number of days in the state more broadly, you do get a sense of how divided pennsylvania is. Take a listen. After he had it and was treated topnotch, there are so many families that have had not near those advantages and have lost family members. I cant imagine one thing biden could do that would be that much different than what donald trump did. We all got tests and i know they say thats not going to happen. The misery index is rising dramatically. Its scary times. Connell so as you heard, the two issues, this is true in a lot of swing states we have been to but especially true here in pennsylvania, that come up, the economy and handling of the coronavirus pandemic. Now, just anecdotally, i got a sandwich earlier down the street here and the woman i was speaking to about the election, first thing she said to me was i just cannot wait for this election to be over. And it will be, we think, by tomorrow, but the problem here in pennsylvania is you have two million plus people who have voted by mail early. The president s counting on a huge inperson turnout tomorrow to make up for any deficit on the mailin side, but they will take a number of days if its very close to count those mailin ballots so we might not know the pennsylvania results until maybe friday. Back to you. Liz unless they rip it, right, they start counting those ballots very very quickly. We shall see. Connell you cant until the polls close. Its a little different than other states. Its a year like no other. Liz connell, thank you very much. Connell mcshane. All right. While tomorrow may not reveal the final winner of the president ial race, the country faces a huge question mark as to which direction the markets and your money will go after election day. As investors attempt to hedge and pick stocks for multiple scenarios, jpmorgan put together a trump basket and a biden basket of stocks over just the last two months. The biden basket has gained 4. 5 while the trump basket has dropped 16 . All right. I know your next question, what does each one include . Jpmorgans biden basket has a lot of alternative energy infrastructure, some cannabis stocks, while the jpmorgan team put banks, fossil fuels, big tech, defense, pharma, biotech in the trump basket. David kelley is jpmorgans chief global strategist. In 2016, all right, david, the election wreaked havoc on the markets over the course of 24 hours. Let me start with a general picture. What are you guys bracing for this time around . Well, i think its bracing for volatility. Its very hard to call this exactly but you have got all the polling but its such an unusual election with all these mailin ballots that i think it gets harder for pollsters anyway. We are bracing for turbulence the next few days but hopefully, we will have an answer within 48 to 72 hours, as to who the president is, who controls the senate, who controls the house, and you know, people need to remember, uncertainty generally goes down after elections. It feels very tense right now but generally speaking, elections are decisive and certainly will in the end get a decisive result here. Liz its kind of interesting, the technology is lower today considering it has been a leadership sector here. But this is possibly the most technologically, we hope, advanced election of our lifetimes, right . Because you are dealing with a lot of technological moves from getting the post office to move more quickly to of course counting votes, et cetera, and polling locations. Does it surprise you that big tech at the moment, which has had a great year, obviously, apple up 46 , facebook up 26 , nvidia, up 112 , that we are starting to see a pullback in these names or is this just profit taking and investors are doing what they are supposed to do, take some cream off the top here . Well, it could be profit taking but it also could have something to do with long term Interest Rates. Long term Interest Rates are really, really low. Thats actually very good for big growth companies, because growth Stock Companies depend on earnings for years and decades into the future and they are quite sensitive. The value of those earnings are sensitive to Interest Rates. If you think long term Interest Rates are going to go up, that actually could be pretty negative for those big cap Growth Stocks and that might be something thats going on here, because as i said, uncertainty will go down. We know that eventually, we will have a Covid Vaccine and hopefully, we will have more uniform compliance with Public Health measures, so we can actually get past this pandemic and when we do that, the economy is going to come back more strongly, the Federal Reserve will be a little less generous in terms of rates. I do think rates are going to go up. Ultimately when rates go up, that ought to close the gap a little between the Growth Stocks and value stocks. Liz right. Right. And certainly help savers who have been on the short end of this stick for quite some time. David, youve got the word strategist in your title. Strategize, what are you telling clients at this moment specifically about how to hedge, how to pick stocks during the next 72 hours . Well, just dont make a big bet one way or the other. Dont pretend you know the outcome of the election or you know how the market will react to the outcome. A lot of people were surprised in 2016, both surprised by the outcome and then by how the markets reacted. So dont make that bet. Be well diversified but also recognize, you know, make a plan for the next six months, for the next few years. As we come out of this, the markets are very dislocated within themselves. Long term bonds are too expensive. Megacap Growth Stocks may look too expensive, too, whereas international stocks, really emerging markets, if the dollar was to come down over the next two years because of maybe less trade tension, that would help emerging markets also. Make sure you are well diversified. Take advantage of the stuff thats actually cheap because if we enter a slightly less tense, more rational world in the long run, the cheap stuff ought to outperform some of the stuff thats expensive today. Liz yeah. You know what, im looking at chart after chart including the emerging markets. Everything is recovered from march. Thats certainly good news. David, you know what, something tells me we will be speaking in the coming days. Its great to have you. We will be watching. Stay the course. Stay calm. Thats what david kelly is telling us from jpmorgan. Thank you. Thank you. Liz fox business alert right here. We have two companies that have recently gone public and they are moving higher. Start with Live Sports Streaming Service fubo tv which ipoed in early october. Take a look. It is moving higher by two percentage points. Wall Street Research firms, they do this, they initiate coverage on Brand New Company names and guess what, its getting favorable ratings. It is now standing at 13. 72. Meanwhile, electric vehicle maker fisker, this is a new baby, Just Launched via spac last friday, it is flying higher right now, up 10. 33 on no real news other than it went public via spac. But it could be on this news, unrelated to the actual name, but chinese electric vehicle makers, xpang and nio both reported strong october deliveries. The shift to electronic vehicles, electric vehicles, seems to be very much in play, certainly in china. So why not throw in tesla at the moment. Yeah, nio up 8. 6 . Xpeng up 7 . Tesla up 2. 9 . Cars are not the only thing selling in china. Skin care line dr. Jart and helped estee lauder boost sales, reporting better than expected results enabled partially by the purchase of the south korean parent company. South korean skin care is a hot trend. Lauder is up 1. 77 right now. Thats a recent record high. 223. 54. Clorox cleaning doubling its latest quarterly profit as the pandemic continues to drive demand for clorox wipes and of course, bleach. Yeah. They are still limiting me at target. Two cannisters per time. I go in with different disguises on my face. Oh, now i have two more. Clorox up 5. 25 . Of course, covid also creating record demand for flu shots. Leaving some pharmacies with soldout signs. Stanleybergman of henry schein standing by live on what hes doing to keep the immunity boosters coming in the fight to avoid an allout flu covid twindemic this season. With the closing bell ringing in 45 minutes, youre watching the claman countdown. 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For the month of october, 31 states broke records for new cases in just a single day. As flu season begins now, are we looking at a twindemic . According to data from Johns Hopkins university, we have hit 9,247,036 cases and 231,227 deaths. Many companies in the u. S. Shifted operations to help battle the pandemic, including medical products giant henry schein. Here in a fox business exclusive, we welcome ceo stan bergman. This word twindemic, you got the flu crisis that could be coming and the covid crisis which is right in front of our faces here. What is business like for you and are you seeing demand that is being sucked up so quickly that we are watching supply run dry . Hi, liz. Good to see you. Well, on the regular flu vaccine, we have already shipped quite a bit. Actually, a little more than last year. And i think we should have enough flu vaccine, the regular flu vaccine. Of course, we are very busy with ppe, masks, cleaning solutions and the various other ppe products. Thats still in high demand. Liz stan, i went to a cvs and they had run out. They had run out of the flu vaccine. I had to go to a different one, then they said well, you got to make an appointment. I wonder if there isnt a bottleneck. Have you seen it in some regions . This of course is new jersey so people are pretty evolved, they understand we got to get this, but tell me what areas you are seeing and you, you are an expert at clearing bottlenecks internationally, what do you do when you start to see some squeeze . Well, liz, we provide we are the largest provider of products and related services to dentists and to physicians and so physicians generally have enough product today, the flu vaccine. We provided similar quantities to last year, added a little bit extra, so if the patient is seeking a flu vaccine, please call your physician and likely they will have it. Liz okay. Lets get to the covid19 situation. Talking about testing, we are still waiting for nationwide sort of rapid immediate testing, but the vaccine, how are you preparing once we do have a viable safe vaccine to make sure that the distribution is pitchperfect, that works really really well . Well, vaccines for the covid19, the first batches, the initial several million, will go through Third Party Distributor on behalf of the government. Were hopeful that once that first load into the government sector and the government will in turn forward those products to states. Once thats done, it will be provided through the Covid Vaccine will be provided to the private sector and distributed as we have other kinds of vaccines over the years and we anticipate it will be sufficient. Liz your Company Reported earnings this morning and you had a growth in revenue of 13 . But you didnt provide guidance. Whats going on there . Why not . Thats pretty interesting. People are going to the dentist, people are going to the physician. Those offices are quite safe, dentists and physicians have been practicing Infection Control for a long time. The challenge is what will happen should the rate of infection increase in the United States and abroad, and we dont know about that. Right now, the [ inaudible ] has been pretty solid for three or four months. We just dont know when its going to hit. But we are pretty comfortable with the state of Business Today as we reported to our investors this morning. Liz when you see that your dentist is Wearing Masks and has a lot of wipes and vaccines, thats because of henry schein. Good to see you, stan. Thank you very much. We appreciate you coming on to talk about this in a fox business exclusive. Nasdaq has just turned positive. I wanted to let you guys know that. In the meantime, time to make the doughnuts in the private market. Up next, the inspiring offer that has dunkin shares shattering records. Please dont change the munchkin reci recipe. Thats all i have to say. Dow jones industrials up 442, a gain of 1. 7 . The claman countdown will be right back. This is the feeling of total protection now that we protect your identity, and mobile phone, as well as auto home and life youve never been in better hands allstate click or call for a quote today liz all right. Let the music play. Controversial social media powerhouse tiktok locking up a new licensing deal with sony music entertainment, home to huge names including beyonce and travis scott, mariah carey. The new contract not only gives tiktok access to sonys massive song catalog but will also allow sony the chance to promote its artists on the Popular Video sharing platform owned by chinas bytedance. Wow. Look at this deal. Sony is jumping 2 . Its now at 85. 49. Tencent which is of course a big shareholder, is also moving higher by 1 . The announcement comes just three days after a federal judge halted the administrations most recent attempt to ban tiktok from doing business in the u. S. The commerce department, though, not backing down yet, vowing to quote, vigorously defend the president s orders. Yeah. Here we go. Cats and dogs. Thats what im looking at on tiktok. We shall see. Okay. This is what a nerd i am. Friday night, oh, my god. Arbys owner inspire brands just inked a deal with dunkin brand. Its taking the coffee and doughnut chain private. You can see dunkin is spiking right now, 6. 5 . The stock climbing in premarket and all the way through the session, with 32 minutes to go. What a blockbuster sale this is. Cheryl it really is, thats right. This is the owner of arbys and Buffalo Wild Wings and sonic. They are taking dunkin private. Officially. This is one of the largest deals in the restaurant industry. Its an all cash deal, taking the owner of dunkin and Baskin Robbins at 106. 50 per share. That is nearly 20 premium over dunkins last Closing Price on october 23rd. Thats right before the deal was reported by the new york times. Thats kind of the value were putting on it. Sales have actually improved in recent weeks as Curbside Pickup and drivethrough and delivery have actually gained momentum with their customers. When dunkin reported earnings, u. S. Same store sales rose pretty nicely. Dunkin said about 12,900 restaurants, more than 800 Baskin Robbins, those operate all over the world, inspire already has more than 11,000 restaurants in its current portfolio. Again, one of the biggest deals we have ever seen in the restaurant industry, and there is the group on your screen, as you can see, yum and wendys in the green, starbucks and mcdonalds in the red. I just want to say thank you for the cat video. That kind of made my day. Liz oh, yeah. I know. I know. Yeah. Im going to send you one of mine. Cat and dog videos. Cheryl what the internet was made for. Liz exactly. Thank you very much, cheryl casone. Taxes, infrastructure and jobs, oh, my. The 2020 candidates making their final push down the finish line of the yellow brick road. Our power panel of Grover Norquist and Austan Goolsbee make their closing arguments to any undecided voters out there on each of the president ial hopefuls economic and tax plans. Cutting through the weeds and trying to get to the meat of the matter, thats what we do here on the claman countdown. Weve got 30 minutes left before the closing bell rings. Dow is up 456. S p better by 40. Nasdaq up 21. Dont move. Well be right back. Ech. Find a stock based on your interests or whats trending. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. Adapting. Innovating. Lsetting the course. But new ways of working demand a new type of network. One thats more than just fast. You need flexibility to work from anywhere. And manage from everywhere. Advanced technology. With serious security. And reliable coverage, nationwide. 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Call now and get your free infokit liz ready for the hail mary pitch for president . All right. As the candidates make their case to voters in pennsylvania right now, democratic nominee joe bidens tax plan is sort of the keystone of President Trumps attack plan on his opponents Economic Policy and joe biden is attacking President Trump on how he handled the coronavirus pandemic. Time for that hail mary economic pitch from both sides defenders as the undecideds gear up for their final move. Americans for tax reform president Grover Norquist is here to make the trump case, and former chairman of the council of economic advisers under president obama, Austan Goolsbee, to make the biden case. Gentlemen, lets go. Lets begin first, austan, i want to start with you. Can you clarify what joe bidens tax plan means for those making over 400,000 because that is what the president consistently mentions, it will be the highest tax hike on anybody and everybody and particularly anybody over 400,000 income. Well, i mean, the president in fairness mischaracterizes and lies about joe bidens tax proposal. As you know, it does not raise taxes on any income less than 400,000 and for people who make more than 400,000, it goes back to historical levels like what we have seen in previous decades, because the tax cuts that donald trump did in 2017 fundamentally didnt work and remains the most unpopular tax cut in the history of American Polling. Joe biden takes that money and then invests it in middle class things like emphasizing manufacturing, emphasizing infrastructure, expanding health care, expanding education, expanding child care, et cetera. So thats the basis of the tax policy. Liz if im correct, let me simplify, everything under 400,000 is not taxed at that level and then, if you make 405,000, only the 5,000 is taxed, correct . Correct. Liz okay. Now grover is already twitching in his seat. I can tell. You hate taxes of any kind but as we look at a deficit right now, ive got the debt clock open on my computer, 3. 1 trillion and so much of that has come before the coronavirus spending. Dont you think at some point we need to really attack this and what is your focus when it comes to the tax plan . Sure. Austan had some trouble back when in 2008 obama and biden promised they wouldnt raise taxes on anyone who earned less than 250,000 a year and then they proceeded to hit and they didnt. Hit American Families with a tax increase, the obama tax penalty, 695 to 2,000 and threequarters of those people earn less than 50,000 a year. So we have been through this with biden making the promise. Biden also promises hes going to tax energy so the gasoline price will go up, your home heating prices will go up, Energy Prices will go up, and you dont have to make 400,000 to buy gasoline in a car. Add to that he has twice said and im tweeting this now from Grover Norquist on video, biden saying he will reinstate the obama biden tax on poor people who refuse to buy obamacare. Thats 695 to 2,000. Add to that, he wants to double the Capital Gains tax. As he said and ois tis on the t out. On video, he cant deny he said this. He will take the Capital Gains tax from 20 to 40 on every single american, twice what communist china does. Liz austan . Well, thats not true. And you can take its on video. Its on video, his plan is on the web and has been for months. The Capital Gains tax rate goes up for people making more than 400,000 a year. Now liz i wanted to clarify that. Im glad you said that. [ speaking simultaneously ] owned by people in the top 1 . You can see why President Trump has an excessive compulsion to just want to look at the stock market and say anything that would affect billionaires or big corporations is something that is inherently harming the country. But what we saw with Donald Trumps 2 trillion tax cut for high income people and big corporations is that only 32 of america thinks it was a good idea. As i say, thats the worst performance for approval of a tax cut in American Polling history. That is because the American People saw what he did and just doing more of the same is not a good idea. You then take the covid crisis and you see that incompetent selfdealing and corruption can only go for a little bit before they fall apart. Whenever you have a crisis, somebody who will not embrace fighting that crisis and instead says its going to go away by a miracle, i think that thats a tremendous problem and we are now, thats coming home to roost. Okay. It is true that biden says that only rich people care about the stock market but thats because hes very old and he insulted the people who live in scranton saying that they dont own any stock. 100 million americans, joe biden, 100 million americans own shares of stock in 401 k s and i. R. A. S and when you take the corporate rate from 21 back up, he has said hes going to get rid of it all but thats just what he said, thats tweeted out repeatedly, 22 times, his staff says hes really only going to 28 . Either up to 28 or to 35 takes it higher than china so people looking at the tax bills may decide to invest in china rather than the United States. And that liz grover, grover, can i jump in . Grover, let me jump in. Its not the 35 . Now, when people who are it depends if you believe joe bidens they were paid the 35 . Thats the root of the liz apparently according to these polls, people do not like the tax cut. They feel like they didnt actually feel it. But they watched as big corporations got a much better deal. Now, i would argue with you, absolutely, i would say yes, our Corporate Tax rate was way too hi high. In the developed world, we were losing companies. They were domiciling elsewhere during the obama biden presidency. So of course we have to change it. But he is not, he says, going to bring it to 35 and therefore, when youve got regular folks paying 30 , i mean, they are looking at this saying why am i paying way more than corporations . Look, 91 of the fortune 500 companies paid zero tax last year. And the president of the United States, who is a billionaire, paid 750. Thats just a messedup system. We should not have that. Okay. Lets keep in mind that when you take the corporate rate up to 28 as his advisers say or to 35 by repealing it all, as he has said, the Vice President has said 22 times, its on video, i just tweeted it out, you can see whether hes telling the truth or you think hes lying, but this is a very important question. If you take those taxes up, you reduce the value of peoples 401 k s and i. R. A. The comment was made 34 of people like the tax cuts. Theres a better number to see what matters. 60 of americans, 56 and 60 , two different polls, recognize that they are better off today than they were four years ago and that is because of the lower taxes and the higher Median Income in the country that you got because of the tax cut. Then how do you explain why 27 , 27 of america thinks we are on the right track . The fact is, hold on, the president [ speaking simultaneously ] liz all right. Heres what we are going to do. We are going to have you both back. Who knows what is going to happen. But theres the hail mary economic argument. Grover, austan, i know this discussion will continue no matter who wins. We so appreciate you coming on. By the way, Election Night action, yeah, got started here on the claman countdown. You saw. But it continues tomorrow with a special twohour edition of lou dobbs tonight 5 00 p. M. Eastern. I will be there along with lou and the fox business allstars, neil cavuto takes over at 7 00 p. M. And will have all the information and top shelf business guests as returns come in. David asman on hand if the outcome goes late into the night and early morning. And mornings with maria begins at 5 00 a. M. Eastern time on wednesday. If you want my specific take on Election Night, im going to be live blogging as part of the exclusive fox news democracy 2020 live experience. You guys, this went viral in 2016. It was heavily watched and followed. You can follow our running blog starting at 7 00 p. M. Eastern right here throughout the night and you can also get realtime analysis. Vote on the issues and test your trivia knowledge. All of it on your phone or computer. Head to foxnews. Com 2020live or open the camera on your iphone or regular phone to scan the qr code that you will see on your screen. Just go to foxnews. Com. You will see it all. It starts tomorrow, 7 00 p. M. I will be right there, yours truly, with the economic and financial picture. I will be weighing in on how overnight markets are opening. Youve got to stay tuned. Dow is up 317. Well be right back. Since pioneering the suv in 1935, the chevy suburban has carried many things. Nothing more important than family. Introducing the most versatile and advanced chevy suburban and tahoe ever. I feel like were forglet me check. Ing. Xfinity home gives you peace of mind from anywhere with professionally monitored Home Security built around you. No, i think were good. Good. So when youre away, you dont have to worry. 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We need this bath. Yes. Yes you do. A kohler walkin bath provides independence with peace of mind. Ask about saving up to 1,500 on your installation. Virtual appointments now available. And if we win, we get to tell you and doug. How Liberty Mutual customizes Car Insurance so you only pay for what you need. Isnt that what you just did . Service stand back, im gonna show ya how doug and limu roll, ya you know you got to live it if you wanna wi. [ music stops ] time out only pay for what you need. Liberty. Liberty. Liberty. Liberty. Liz yes, election day down to the wire, but questions, of course, are still swirling around whether former Vice President joe biden would act as a moderate or swing farther left. Charlie gasparino has some exclusive details about who biden is considering for his cabinet and just how progressive or not they may be. Charlie . Charlie at least this is what the biden advisers are relaying to wall street supporters, if he does win. Im saying if. Im not saying he is going to win. By the way, i have never seen, you know, twitter as you know is generally a cesspool of opinions but i have never seen anger ramped up as much as it is now and i have been on twitter for a long time. I was on twitter in 2016, on twitter before that, and this is pretty nasty. So whoever wins, the other side will be really disappointed and it will be a nasty followthrough. But just as im saying, im not saying he is going to win. The biden people think he is going to win. Biden advisers. What they are telling wall street is essentially this. These are wall street money guys, gave a lot of money to the campaign. Wall street went overwhelmingly for biden this time around. Again, that doesnt mean hes going to win but thats what they did because they are betting hes going to win. At least a lot of the big players at the big firms. But biden advisers telling wall street major cabinet positions, treasury, defense, chief of staff, are likely to go not to the progressive wing of the party. You are not going to get Bernie Sanders as bidens chief of staff or even Elizabeth Warren unlikely as his treasury secretary. You are going to get moderate mainstream democrats who are less moderate than they used to be, they are much more liberal now, but you are not going to get the far Left Progressive wing. So beto someone like mayor Pete Buttigieg has possibly defense secretary, someone considered in the mainstream. Hes a former, he served in the military. Lyle brainard at the fed, democrat considered much more mainstream as treasury secretary. No, sir the sort not the firebrand progressive type. Its highly unlikely Elizabeth Warren as has been reported recently will get treasury secretary. Not saying impossible but at least thats what theyre telling the wall street guys and gals its unlikely. Where progressives will show up and this will have an impact on public policy, is in the labor department. In hud. Hud is a huge agency because it referees and regulates housing in the u. S. Including fannie mae and freddie mac which is very interesting. Whoever is in there will most likely be a progressive and probably stop the recap and release and sort of reducing of the footsprint the Trump Administration under mark ka b calabria is doing. That head of hud will probably stop what calabria is doing. If calabria is going to redo fannie and freddie in his image, he will have to do so in a lame duck session and that will be allout war trying to privatize, really privatize fannie and freddie, you know, in a lame duck session. But be that as it may, we also hear hhs also another place where progressives might turn up. Again, thats what they are telling wall street. Maybe they are just trying to calm fears. Maybe they are bsing, maybe not. But in the major policy positions, it will be a mainstream Democratic Administration in treasury and chief of staff and defense secretary and secretary of state, susan rice probably will be secretary of state. These are all players that have been there, they are establishment. Again, they are further to the left than they used to be but they are not highly unlikely Bernie Sanders is going to be chief of staff. Back to you. Liz im going to be live blogging, im going to be on lou and im going to be on fox news with martha and bret. Where are you going to be . Charlie im supposed to be at fox business. Liz okay. Charlie i will be covering it. Liz okay. Charlie i will have some reporting in a few minutes. Liz all right. When we come back, the s p is up 31. We will show you two important charts. Our countdown closer says they will tell him whether to head for the hills or pile into stocks in the next 24 hours. And you know what . That was a pretty big haul back in 1976. So i wonder what would have happened, if lee had put 12,850 in cash and then put 12,850 in gold in a safe . Just sitting there sidebyside from 1976 until now. Well, i went back and ran the numbers and what i found was amazing. We all know that 12,850 in cash would still be sitting there, but it would be worth a whole lot less than it was in 1976. But that 12,850 in gold, safely stored away, its worth 135,000 as of the taping of this commercial. Now thats more than 10 times the original amount. [narrator] if youve bought gold in the past, or would like to learn more about why physical gold should be an important part of your portfolio, pick up the phone and call to receive the complete guide to buying gold. Which well provide you important, never seen before facts and information you should know about making gold, silver, and platinum purchases for faster wealth protection, request a digital version of our complete information kit, which will be emailed for faster delivery. You can also receive a copy of our new us gold report for 2020. Inside, youll find the top 25 reasons why you need to start owning gold today. With nearly two decades in business, over a billion dollars in transactions, and more than a half a million clients worldwide, us money reserve is one of the most dependable gold distributors in america. Liz. Were about 28 odd hours from the first results of the 2020 president ial election and what starts happening to the markets as those results come in, because weve got futures, overnight markets, asia, theyre all starting to open, and the election plays out, what happens there will be very important for you the investor. Todays countdown closer will stay up all through the night following specific charts he says will give him an indication whether to buy or sell. Scott redler,. 2. 3 trading. What will you look at . I wants the investors figure out plan a, plan b. Do we have an president elect shun day or not . If it is contested we dont have a president , volatility spikes. S p, 3209. That is the recent low from september. That is 9 on highs. If we dont have a president , on wednesday, thursday, friday. We have to make sure that doesnt hold, we could see 2965. If we do have a president and the other, other candidate concedes, then well be looking at resistance on the s p to see if we get up, above above 3415, which puts the active bulls back in charge. Liz in other words, buy when youre getting closer to that level. Okay, let me then ask you what your next chart is . I would imagine volatility has to play in here somehow, right . Yes. Traders will be probably looking at the vix as well. Three weeks we talked about buying a call spread in the vix as insurance in case we do have a contested election. Traders, watching, the recent high is about 42. 42 is that level. If for some reason chaos hits, people in the streets rioting they dont like who won or no one one, 42 about the vix, stays above that, you will probably see a lot of weakness in the indices across across the board. Liz were at 37 right now. Market there. Well put all of these, scotts ideas, up on on the liz claman. Com Facebook Page so can follow. No matter what happens tuesday there will be big stimulus. What is the play there . The play is gold. If they print money the way they have been all year well have stimulus. [closing bell rings] it could be gld call spreads. [inaudible] liz gotcha. Sounds good. Thank you so much. Got to run, scott. You know that bell. Dow closes up 413. Green on the screen. Connell we finally made it here, the day before the election. Investors are watching it every minute. Im Connell Mcshane reporting live from wilkesbarre, pennsylvania. Were trying to recover some of the losses last week which was the worst week in the market since march. For the s p, it was the worst week ever before an election. That is what we had coming in. The s p by up 40. The dow up well over 420 points. President trump and joe biden are here in the keystone state today. The president wrapping up a rally at scranton. He was at the