Unemployment rate dropped slightly to 4. 9 . Anthony Hillary Clinton tops trump in categories like foreign policy. We welcome to wall street week, wilbur ross, wilbur, you are supporting donald trump, but i think its largely for economic reasons. Could you explain to us why . I think we need a change. The 161,000 jobs was he people c enough. But all jobs are not created equal. 8. 2 of these total jobs are part time. Part time jobs went up, went up 90,000. Fulltime jobs were down 109,000. Thats not a healthy economy. While the media may say this is fine. The guy who is stuck in a parttime job doesnt think so. The other reason jobs are not created equal, a lot of these were in healthcare and retail. Those are not highpaying jobs, and the retail ones are probably just temporary. Anthony what could the new administration do to change that mix of jobs and the quality of them and improve the wage mix for the American Worker . It could do a lot of things. We have a huge trade balance problem. One of the few good things about the recent gdp report was that our experts went up. Unfortunately the main reason they went up was a big sale of soybeans. I have nothing against so i beans. But it shows how feeble we are when the key indicator our booming exports is so i beans and not manufactured goods. So we have to bring jobs back. We have to bring back highpaying manufacturing jobs. And the on real way to do that that i can see is two things. One, fix the balance of trade. Two, trumps infrastructure program. As you know, we put forward a trillion dollar privately financed program where the Equity Investors in infrastructure would get an 82 tax credit. That would be recouped by the taxes on wages and contracted contractor profit. So the government would get the 2 trillion infrastructure for free. Anthony the media has been saying the markets have been down the last week because of the likelihood of a Trump Victory. What do you expect happens to the markets if a Trump Victory happens. One of the concerns i heard throughout the street this past week, is what happens and there is a good likely good likelihood trump wins the popular vote but lose the electoral votes. What happens in those scenarios. Wall street for whatever reason has decided to go democratic. Its not surprising some of them might be disappointed as it looks like trump might actually win. But think what a Trump Presidency would mean to the market. Very few companies have their earnings go up 30 a year. But trumps lowering from 35 top rate to 15 , that means there would be 30 more pretax earnings carried through the post tax. I cant imagine anything better for the market than having just about everybodys earnings in hand. I dont see where all the great concern about trump should be. Gary what if he wins the popular vote but loses the election. What do you think will happen then . I think that would be very, very bad. Because that would hint at potential civil disorder. It would hint at changes of people believing in the voting system. It would make a big, big mess. And particularly so with obama and hillary playing the race card all over the place. Obama ran on a ticket of unifying the country. And he has bent most divisive president that i can remember. So im very worried if you have that kind of unbalanced solution. Im very worried that there will be very, very bad things go on. Gary i would actually agree. That would be the worst Case Scenario for the markets. Anthony last week we had home depoems founder on our show. It seems to me that washington is working on how to hurt people and how to keep jobs out of america. I dont get it. Im a businessman. I worked for the last 55 years creating jobs. I think i understand how to create jobs. The way to create jobs is knot the way they are doing it. Hillary is talking about taxation. Anthony whats your take on that . I think taxation is a very big reason why jobs have moved overseas. If we go down from the 35 maximum rate to 15 , well be extremely competitive with any country. One consequence of that is a lot of the earnings characterized as nonu. S. Will be recharacterized as u. S. That will be the beginnings of the solution to the problem how you bring money back. Second solution is obviously only taxing it at the 10 rate that donald trump was talking about for repay triyaition. But the more important thing in some ways is deregulation. The Regulatory Environment is horrendous for people to deal with. They are at the point where the they are even regulating the kind of charger you can use for your electric toothbrush. Give me a break. With all the serious issues we have in the country, is this what people should be focusing on . You had 7,000 new rules and regulations created the last two years. Are we such a wild and woolly under regulated country two years ago that we needed 7,000 new rules . I dont think so. Gary wall street week will be right back. Announcer still to come on wall street week. Donald trump, Hillary Clinton, marc faber says it doesnt matter bec the pursuit of healthier. It begins from the second were born. Because, healthier doesnt happen all by itself. It needs to be earned every day. Using wellness to keep away illness. And believing a single life can be made better by millions of others. As a Health Services and Innovation Company optum powers modern healthcare by connecting every part of it. So while the world keeps searching for healthier were here to make healthier happen. Anthony the october jobs report is in and it failed to meet expectations. Gold prices continue to surge and the stock market suffered an historic losing streak. Our next guest is very worried and says you should be, too. Anthony marc faber joins us now. How do you think the president ial election will affect the longterm investor . I think mrs. Clinton is elected, that the market will rally shortterm. But no new highs. The alltime high was august 15. Thats 2,193 on the s p. I dont expect a new high. Hillary will be very, very negative in the longrun for stocks and bonds. On the other hand if mr. Trump is elected, much of the decline people have been fearing that mr. Trumps victory would bring about has already occurred. So the market may sell off a bit more and bottom out and also rally. But in the longrunning a wilbur ross just pointed out. In the longrun a Trump Victory would be much better for u. S. Assets than a hillary victory. Anthony there is a common notion out there if Hillary Clinton wins the election the stock market will rally because they know what to expect. I think you have to be concerned that is not going to happen because everybody expects that. The market rarely does whatter universally expects what everybody universally expects it to do. If it did, i couldnt make any money. So i am a contrarian. I think there is another phenomenon if its Hillary Clinton that happens to win. You will see more volatility in the market than you would with donald trump. And the reason is, look at her tax proposal on stocks. She is basically staying you have to hold stocks for six years to get full longterm capital gain treatment. People arent going to want to hold stocks for six years it was one thing when you only had to hold them for a year to get the treatment. Now you will se you will see more hotterterm trading because people d wont want to take the risk. Especially the Tax Policy Center admitting trumps policies would be better for the economy over the next few years. With hillary you have the further problem, she wants to put 275 billion more tax on businesses. Thats to pay for the infrastructure program. Thats 7. 5 of total business earnings and 1. 5 of the economy. Thats not a formula for a booming stock market. Anthony you are writing the gloom, doom and boom report. What do we get with mr. Trump, boom . I would say well more likely get global peace than with mrs. Clinton because mr. Trump is relatively pragmatic. He doesnt stand up and basically express the opinion that he hates mr. Putin. He looks at the world, also from the perspective of russia. He looks at the world also from the perspective of xi ping in china and not just the american perspective. And the world has changed. All the countries in asia are chinacentric. They are dependent on the chinese economy and exports to china. They are dependent on the 130 million chinese visitors. Anthony you wake up next wednesday morning, give us an Asset Allocation strategy globally you take with both of the candidates given one wins and one loses. What do you do . My view is we dont know how the world will look like in five years time. We have manipulated asset markets with artificially low Interest Rates and you need to be diversified. By and large. Individual and Institutional Investors are grossly underweight, gold, silver, platinum, and i would recommend every listener to hold to gold. When people say i own some gold. Not just 3 . I would say hold at least 2030 percent of your liquid assets in gold. Why would you hold u. S. Dollar cash or any cash in the world which has frequently less than zero Interest Rates when you can have gold which is an honest currency. Our thanks to marc faber, gloom, doom and boom report founder. Well be right back. Thanks, guys. [ ] announcer is the market saying investors should be afraid of a donald Trump Presidency . Or is Something Else going [accountant] my job is to manage and grow businesses. And ive never seen a rocket ship take off like this. [owner] im lindsey. Im the founder of ezpz. My accountant. Hes almost like my dad in this weird way. Yeah, im proud of you. You actually did some of the things i asked you to do the other day laughs . [owner] ha, ha, ha. [accountant] ive been able to say, okay. Heres the challenges youre going to have. And we can get it confirmed through our quickbooks. And what steps are we going to use to beat these obstacles before they really become a problem. [announcer] get 30 days free at quickbooks. Com Car Insurance policy. You just stuck it in a drawer somewhere and forgot about it. Until a dump truck hit your pickup truck and now you need a tow truck. Does your policy cover the cost of a tow truck . Who knows . You didnt read it. You cant even find it. The Liberty Mutual app with coverage compass™ makes it easy to know what youre covered for and what youre not. Call Liberty Mutual for a free quote today at coverage compass™ gives you the policy information you need at a glance. Available 24 7 on your mobile device. Switch to Liberty Mutual and you could save up to 509. Call thats liberty stands with you™. Liberty mutual insurance. Anthony welcome back to wall street week. The markets were rattled when the f. B. I. Reopened its investigation into second terry clintons emails. It appears donald trump might win this election and the more volatile the market is. Charlie, is there a correlation between trump doing better in the polls and the lower stock market . Charlie the dollar versus peso trade. Look at the measure of volatility, way up. Gold. People are putting money in gold. The market is rattled by donald trump. Its selling off in various ways as his poll numbers tighten. My bigger point is if you are a small investor. Try to tune this out. Can i just make this point . The hes going to be netnet good if he wins. He will be netnet good for the markets long term. Well have a fed rate increase in december. Well have volatility. But there is no way a Republican Congress which will likely come in if donald trump comes in will renege on nafta. They both make me sick in a number of ways. Are you voting . No. I think the market is down because the Hillary Clinton presidency was baked into the cake. I think they didnt expect him to be president. But so many republicans going against donald trump for the congressional, the balance of power here, they might vote Hillary Clinton. But keep republicans in. Then you have gridlock and thats good. Gary you dont think the market is down because of donald trump . I think its because it was unexpected. Gary on this program earlier this year, the first person on wall street to predict donald trump would win the election. Good long term. But the market doesnt buy that. Charlie i believe the stock market and investors are concerned about one thing. Trump wins the popular vote by a large number and loses the electoral vote. Gary that would not change the portfolio. Gary they are worried about nafta being repealed and tax policy. And uncertainty on him. Hes a change, hes different. The status quo would be clinton. Gary hes crazy. Anthony you are going to abstain from voting. I have got to talk to you about that. Your feeling about secretary clintons emails is what exactly. The fear is she can be indicted because of the email and the Clinton Foundation. Americans might go to the polls and say is this worth it . Because this could be chaotic. I saw him in the green room. Retired f. B. I. Agent. He was the head. And a marine veteran. He thinks there is going to be an indictment of secretary clinton. So do you think it average voter is calculating that when they go into the polls next tuesday . I have been talking to people in the know and the regular person on the street. And a lot of folks are saying that the way you are going to vote before everything is happening is how you are going to vote, or you are not going to vote. Gary the staff, the guys on the ground want her indicted. They want an investigation of the Clinton Foundation its the power brokers, the guys in washington, kallstrom will tell you the same thing. To get an indictment you need the Justice Department to approve an indictment. Anthony you have to get a grand jury together. Gary the f. B. I. Cannot impanel a grand jury. Sow my point is, this all moot unless you have a trump administration. She probably wont be indicted. F. B. I. Agents might go rogue and leak information which i hope they do because she deserves to be indicted. Anthony on the markets post election what . Charlie hillary wins, the markets are stable. Donald wins, it will be a crazy ride. Anthony get out there and vote. Dont be like charlie. Get out there and vote every one of you. Gary tune in to fox business all weekend long for special programming. Next week well know hot next president of the united thanks for doing this, dad. So i thought it might be time to talk about a financial strategy. You mean pay him back . So lets Start Talking about your long term goals. Knowing your future is about more than just you. Its how edward jones makes sense of investing. [burke] hot dog. Seen it. We know a thing or two because weve seen a thing or two. We are farmers. Bumpadum, bumbumbumbum heres lou dobbs. Lou good evening everybody, a beautiful sunday in america, an what a day it has been. Another bombshell from the fbi. With only two days remaining before election day. Gi director james comeying delivering another surprise today. Abruptly announcing Clinton Emails some 650,000 of them has not changed his conclusion that Hillary Clinton should not face criminal charge hads. Combmy saying had in a letter to con depressional leaders that the fbi has been working around the complok to review those 650,000 emails