the election results. dow is higher by more than 100 points. nasdaq, 47, a gain of nearly 1%. s&p above 2100. telecom and utilities are the best performing sectors. materials and real estate are the laggards and yet they are still in positive territory. brian? >> my shichelmichelle, what bet to have a real power lunch and the pulse of the people than one of most popular restaurants outside of dayton, ohio. we're here in one of the most important states for donald trump outside of florida with the pulse of the people. we'll bring you the major issues what people are concerned about. i can sum it up in three words, jobs, jobs, and jobs. we'll be live here in dayton all two hours. >> thank you very much. tyler mathisen here with a special guest today. camping world ceo marcus lemonis, host of the profit on cnbc. he'll be with us for the next two hours. welcome and welcome back. let's get started, though, with our coverage. we have six hours to go until the polls close. and a multiple number of states. what are the candidates doing today in the final hours? a aim eamon javers is live in new york city. >> we're in a new york state of mind this election day. both candidates here in manhattan today to wrap up this 2016 election season. we are standing on top of new york city's fabulous new high line park. we have a view of the javits center behind me. that is where hillary clinton is going to have what her aides hope will be a victory party tonight here in manhattan. hillary clinton voted earlier today in chappaqua, new york, before making her way into the city. we saw her along with former president bill clinton at the polling place in chappaqua. we also saw donald trump voting here in manhattan today. he voted at ps 59 over on 56th street, not too far from where we're standing here. he got a mixture of boos and heckling, also small crowd there cheering donald trump as he went in to make his vote. we also see that donald trump's party is going to be tonight at the new york hilton. that's only about two miles away from where hillary clinton is having her party tonight. imagine that. we have the two candidates just two miles away having simultaneous parties this evening. one side is going to be very happy, one side is going to be very frustrated. it takes about a half an hour to walk between the two of them to give you a sense of how close those two parties are going to be tonight. guys, a little election fun fact here. this is the first time since 1944 that we have had two candidates from the same state, tyler. in that election, it was fdr and wendel willky, both here. >> now a look at where the race stands up to the minute. hi, john. >> you know, as eamon indicated, we have two new york candidates and battling it out for the closely contested states. let's look at the battleground map, the nbc news battleground map, we have the senate balance of power. let's talk about the senate for a minute. in the senate, democrats need to gain four seats to take control of the chamber. they have a good shot at doing that. but it is by no means a certainty. we have close contests in all of the major senate battleground states. the house is a much more difficult picture for the democrats because they need to gain 30 seats in order to get control of the chamber. there are only about three dozen seats that are even possible for them to take away from the republican party, so it is very likely that paul ryan will wake up tomorrow morning with the opportunity to be the speaker of the house once again. and in terms of the national race, we see hillary clinton with a four percentage point lead over donald trump in the last nbc/wall street journal poll. four point lead in other major polls and in the battleground states, the nbc news projection right now is that based on the -- where she's leading and safely ahead in the polls that she would have 274 electoral votes. donald trump has to figure out a way to take something out of the democratic column today. >> yep. we'll be watching tonight, see you tonight, john. for more on the key things to watch during the day, let's bring in jared bernstein, former economic policy adviser to vice president biden, cnbc contributor as well. and former republican senator and former governor of new hampshire, judd gregg. good to have you here. jared, jared, jared, good to have you. so, listen, the polls suggest and the models suggest that hillary clinton definitely has the electoral edge here. you being an economist are familiar with how models can go astray. how confident are you that they are accurate? >> well, first of all, let me say thanks to senator gregg for letting me use his office. i was recently at st. ann's and they put me in your office for a few minutes and it is a beautiful office. >> you raised the standard there considerably. >> you're absolutely right. probablistic kind of number like the type we have been throwing around is always going to be a dice throw. and you can't count out that the results could be surprising. if everything holds, we're going to get the scenario that john harwood just described. i think probably the best early indicators will be this blue wall on the east coast and i throw ohio in there. basically if we're talking about north carolina, florida, pennsylvania, ohio, you've got over 80 electoral college votes. those are all swing states. if hillary clinton wins two or three of those, very, very tough path for donald trump. vice versa, a long night. >> what about the ability to call georgia super early or not? >> i wouldn't call anything super early. the only caveat i say to that is there has been so much early voting this time, that when the polls close and some of those east coast swing states which we're talking 7:00, 8:00 tonight, then you might be able to see some early tallies that give you a sense of what i was just talking about whether the blue wall holds. but, no, georgia, i wouldn't go there. >> donald trump leading there. depending how wide that margin is or isn't when we see the numbers early on, may suggest something wider or bigger for the country. senator gregg, what are you watching? >> well, basically i agree with jared. those states that you mention ready key. new hampshire is key also. it is a swing state. and when you pass the presidential election, as was pointed out by john harwood, the senate race is very, very important in new hampshire. and in the other states which we have senate seats that are close because if hillary gets elected president, and the senate stays republican, that changes the whole dynamic of her presidency. if the senate goes democratic, that has a huge effect on where the country goes. the senate is probably as critical as the presidency in this round of elections. >> jared this is marcus lemonis, i would like to hear from you what do you think the number one economic pinpoint item is going to be in the swing states. what are voters ultimately going to be making a decision on when it comes to the economy and their money? >> you know, it is a great question and while the usual answer is jobs, jobs, jobs, let me give you a different answer. i think it is whether you believe hillary clinton's narrative on the economy, or donald trump's. donald trump's is that the economy is an absolutely terrible shape. it is a disaster as he would say. hillary clinton very different, says that in fact many of the key economic indicators are positive, the job market looks tight, and we're adding a decent clip of employment every month, you're starting to see some wage growth, but the job is far from complete. there are significant swaths of the country that the recovery hasn't reached. let me finish. in the swing states, i think it is going to be a matter of do you believe the narrative that says this track is one we can build on or more of a tear it down and start over, narrative. >> governor gregg -- >> i think it goes beyond that, actually. it is really the attitude of the american people and the confidence in their future. and there is a real concern among the american people today about the direction of the country. the vast majority of americans don't think we're headed in the right direction. that's why donald trump's doing well and it is one of the factors that is going to play out very significantly in this vote. >> you're there in new hampshire, governor. and i want to get two questions in if i might. one is, who do you think is going to win the presidential race in new hampshire? who do you think is going to win the senatorial race in new hampshire, where you have an incumbent senator, versus a popular incumbent democrat governor. and, third, what are the odds as we look at the market, which is up two days in a row, that we may be setting ourselves up for a kind of brexit reaction if it happens to go trump's way. governor, take it away. >> on first question, i should refer to new hampshire to michelle, she's our favorite daughter. >> oh, charming. charming. i went to college with kelly ayotte. i mean, high school with kelly ayotte. >> that's right. played a little basketball with kelly i suspect. kelly is going to win the election here in new hampshire. i'm fairly confident of that. it is going to be a close one, late at night decision because we're going to have a lot of write in votes so the count will be fairly slow. the president's race is up in the air. but i do think trump has a heavy lift here because there is going to be a fairly significant vote for the libertarian as the major newspaper in the state has endorsed the libertarian. that means every libertarian vote is essentially a trump vote. he's got to overcome that. but the polls are close and the turnout is huge. so i suspect this is going to be a very close election. on tomorrow morning, i actually think we're going to see we're back in a gridlock type of situation. and the markets will probably react positively to gridlock, which is incredible to me, because we actually like to have the government do something. but i think you'll have a positive reaction to gridlock. i don't think there will be a brexit reaction. >> i do think the market has been really fascinating over the past few days. i never make a big deal out of one or two days of wig lz agles waggles in the index. the nine day tanking of the equity market, when trump looked like he was doing better, was -- really pretty revealing. >> you like the market indicator when it supports your viewpoint. >> you know, actually, you ask me -- you happen to ask me about this the other day, i said there is nothing there. so it does take me a while before i'm convinced. i thought that nine day streak was really something. you see the turn around when she seems to be doing better yesterday. and i do think it gets back to this point that i said below. which is less an endorsement of either candidate, by the way, and just says if you believe the economy is moving in the right direction, but needs to move there a lot more quickly, you're just more likely to be comfortable with a hillary clinton agenda than a donald trump one that says tear it down and start over. >> still didn't tell us what you actually believe though. >> sorry? >> you still didn't tell us what you actually believe. >> i think the economy is much, much, much better than donald trump says it is. but i definitely believe there are pockets the recovery hasn't reached. >> gentlemen, good to see you. jared bernstein, senator judd gregg from my home state of new hampshire. a very michelle day. >> very proud of you. >> let's get back to -- michelle, michelle, michelle. let's get back out to brian in ohio. >> this is not my hometown, but it is the home state of joe kernen and sara eisen and courtney reagan. courtney reagan used to work at the restaurant we're at now. little known secret. happy birthday, court. back to the election. why are we here? okay, ohio, not only an important state, 18 electoral college votes, but also this state literally mirrors the nation. what do i mean by that? back to 1896, remember that year? guess what, since 1896, ohio has voted with the winning president every single election except for two. 1944 and 1960. also, the ohio popular vote almost nearly mirrors the exact national popular vote. varies by 2%. that's it. in other words, what happens in ohio in the past anyway has pretty much mirrored the nation. now, what are the big concerns here? i said jobs, jobs, jobs. that's half true. let me lay it out in a different way. jobs, jobs, and the supreme court. short time we have been here, spoke to a lot of people last night, what they talk about are jobs, manufacturing jobs are coming back to the area. but they pay a lot less than they used to. jobs, one of the keys, also the supreme court, a lot of concern about whoever becomes president, what will they do? there could be three spots open on the supreme court. that's something we have heard a lot about from ohio, the polls close at 7:30. speaking of polls, i know we have the nbc wall street journal poll, i know there are all kinds of official polls out there, but we weren't satisfied with that. so last night, what we did was we went to a local tap room and we gave -- you know what, watch this and figure it out. >> we're calling it the poker chip poll here at chappy's tap room and we asked everybody to put their votes in a hat here. blue, red or yellow for third party candidate. we want to see and we're going to unveil the results live on "power lunch" and we'll find out later tonight how this corresponds to america. we'll see how dayton, ohio, votes once again. all the votes are in this hat. ♪ >> i'm voting for donald trump. >> hillary. >> all the way, baby. >> slam dunk. >> just kidding. >> obviously a little tongue in cheek there, can't be more informal than that. we figured let's take it right to the people, red, blue or for some reason yellow. we're going to reveal the results of our exclusive and highly technical poker chip poll later on in "power lunch." how is that for polling technology? where is steve liesman when you need him? >> at a bar, i didn't expect any better. brian, you were at a bar. it is marcus. >> i had had to go to a place where people would be at 10:00 p.m., marcus. >> the question is why were you there? that's the question. >> polling. >> just landed. just landed. >> on the ground research. brian, we'll check in with you later. stay with us on cnbc, our special election coverage starts tonight at 7:00 p.m. eastern time. news alert in the bond market. three year notes up for auction. rick santelli tracking all the action at the cme. what is the grade, rick? >> we gave this a dog plus, d plus, it was definitely not a great auction. first of 62 billion in supply. this particular auction 24 billion, three year notes, yield at the dutch auction, 1.034. pricing wasn't bad. that's about where the one issue market was. it was very close to the high yield, low price of the day. here is where it gets dicey. 2.69 bid to cover. we had an equal, exact number on july of this year, 2.69. but you had to go back another seven years to 09, july of '09 to find a lower level. 42.6 on indirects. that was the weakest since february of this year. and 7.6 on directs was also on the light side considering 11% is a ten auction average. it failed miserably on most of the metrics. not surprising and i should point out yields have awoken or waken, up, just like stock markets today, as we may looking at a high yield close for tens back to early may. back to you. >> rick, thank you very much. we're just getting started here on "power lunch." next, we'll look at the key things to watch for your money beyond the election. as we head to break, here is one of many, many memorable campaign moments. >> do you make the same commitment you absolutely -- sir, that you will absolutely accept the result of this election? >> i will look at it at the time. i'm not looking at anything now. i'll look at it at the time. stocks rallying for a second straight day as voters head to the polls. the dow up triple digits once again. let's bring in charlie ryanhart at mainstay investments. welcome. christina hooper at allianz. we can talk about the election, but let's talk beyond the election a little bit if we might to what you will start looking at come tomorrow morning. >> well, tomorrow morning there is the reaction to the election. so there is tomorrow, the day after, and then there is the long haul. and so tomorrow, after we get the reaction, we'll be looking for relative value. in the fixed income market, we think the municipal bond market, in the equity market, we'll be looking for companies that can grow, that are good allocators of capital, and for some that capital allocation process will also mean paying a dividend. that's what we'll be looking at tomorrow. >> when you look at those kinds of investments, what is your time horizon? you're not -- clearly you're in the worried about a short-term market reaction to who wins and who doesn't. >> no, no. but if history is a guide, historically had the incumbent party candidate wins, a positive, and usually end the year on a high note, and i think we have seen in the last several days, since october 28th, a microcosm of how the market might react in either case to who actually wins. but no, tyler, we are looking longer term. >> what are you doing? what are you thinking about? >> we're separating out the short-term from the long-term. if they have short-term horizons they should be focused on the o out. it is something to worry about with a shorter time horizon. over the longer term, what we really want to see is the policies, that the candidates present once they become presidents and their agenda. >> are you more -- i don't know how to put this delicately, are you more concerned about the possibility of a contested election, litigated election, than you are a victory by one or the other candidate? you think that would be more damaging to the market than either? >> that could very well be more damaging. that indecision. now, of course, it looks like a clinton victory has been priced in. so we certainly could see a sell-off with a trump victory. but it would likely be relatively short lived. let's use brexit as an example of that. it is more about that contested election and what that might mean for america. >> i want to layer in long-term over short-term. short-term may present the buying opportunities to get into a long-term position. so when you look at stocks and how they reacted so far, even though the markets believe that hillary clinton is going to win the white house, we have seen a 3% rise in financials, a 3% rise in health care. what seems to go against conventional wisdom. do we see a sell-off, a knee jerk sell-off in those sectors, does that present any sort of a buying opportunity in your view? >> so if the market overall was down -- >> either way. sectors pull back because they have risen along with the markets of 3%, these are the sectors widely seen as having targets on their backs and hillary clinton wins the white house. >> i think if hillary clinton does win the white house, it is partially discounted, not fully discounted that that would happen, it is a nice thing for multinational stocks, perceived as being friendlier on the trade front. also a perception it will be more stable financial conditions for when the fed meets. and so therefore policy will be more predictable in that front potentially as well. and what does that mean, that means we could then look outside and widen our opportunities set to include international equities as well. >> i was startled to hear you mention muni bonds. you're not worried about interest rates going up at all here? what kind of yields can i get -- >> so here is the beautiful thing, michelle. if you're looking all over the yield curve, you're finding municipal bond yields are yielding almost as much as treasuries despite the fact that they have a favorable tax status. >> more money on the muni bond, the same as the treasury. >> when you think about the number of people that are seeking after tax income, that's a place where they should look. >> you think taxes might be going up under a new administration -- >> right. if you're a top -- or living in a geography with high taxes, like new york or california. >> right. >> but in a trump victory, i wouldn't recommend munis. >> because? >> because taxes are likely to go down. now a lot of this depends on the composition of congress. i do think that the market reaction in the next few days will likely be not just about the president, but that composition of congress. >> also wonder with all the talk about spending, on either side, right, for infrastructure, et cetera, they both speak very reflationary, inflationary. at some point, that also hits the bond market potentially and hurts the muni bond position. >> we think we hit the low in the inflation cycle and inflation is inching up. it will continue for the next few months. but we don't think inflation will become a clear and present danger at any point in time. i would say getting back to -- even if there was a trump victory, if you look, even if you plug in the tax rates that he proposes, municipal bonds would be a tremendous advantage over other forms of investment. >> we will know more in 24 hours. we may not have a result, we'll know more in 24 hours. >> last two presidents gave their concession speeches shortly after midnight. >> hopefully we'll find out before game seven of the world series. >> let's hope. but we could in fact see something like a 2000 scenario. >> i feel like -- >> let that thaought hang in th air. >> is that a joke on hanging chads? thanks, guys. >> thank you. >> thank you so much. still ahead, the stock down more than 50% today. what is driving it lower? that was a clue, by the way. our disaster du jour is next. siy when growth presents itself? american express open cards can help you take on a new job, or fill a big order or expand your office and take on whatever comes next. find out how american express cards and services can help prepare you for growth at open.com. find out how american express cards and services i am benedict arnold, the infamous traitor. and i know a thing or two about trading. so i trade with e*trade, where true traders trade on a trademarked trade platform that has all the... get off the computer traitor! i won't. (cannon sound) mobility is very important to me. that's why i use e*trade mobile. it's on all my mobile devices, so it suits my mobile lifestyle and it keeps my investments fully mobile... even when i'm on the move. sign up at etrade.com and get up to six hundred dollars. seconds can mean the difference between life and death. for partners in health, time is life. we have 18,000 people around the world. the microsoft cloud helps our entire staff stay connected and work together in real time to help those that need it. the ability to collaborate changes how we work. what we do together changes how we live. before the break, we showed you this mystery chart, the stock down nearly 52% this month, having a very bad day today. we're talking about hertz. down 31% now. the car rental company reporting a big earnings miss and cutting its outlook for the year. car rental levels continue to be weak. shares of rival avis lower today. this may be partly the story of -- there is a number of things, vehicle fleet markdowns, et cetera. the whole sharing economy notion that uber and lyft, they're providing competition to the car rental companies. >> i think there are other issues, right. the depreciation of these vehicles plays a huge part in how they look at their balance sheets and how they look at their financial statements. i don't know. i haven't dug in their numbers. but i imagine they're making big adjustments to the value of their fleet as well. >> and the reason they would be doing that is because the resale value is -- why? >> the used car market is not in tight of supply as it was maybe a couple of years ago. so the lease end val you or the end value of the vehicle may look very different today than it did a year ago. and may have to market to market on either a quarterly or annual basis. >> they sell those -- >> not worth as much. >> that's correct. >> they sell the vehicles after they use them for a couple of years. >> i have to tell you, when i travel now, just two weeks ago, i ended up renting a car, a very close call. we were going to be driving around, we thought we'll take uber the whole time. >> you're finding that a lot. >> you said, okay, we'll do that. then four different trips, four of us, probably cheaper to do the uber. >> you calculate the parking at the hotel into that. >> yes, exactly. >> tip you have to give and -- >> parking downtown, exactly. it was, yeah. very close call. >> let's check in with sue herera for a cnbc news update. >> here is your news update for this hour. vp democratic candidate tim kaine arriving at a richmond polling place earlier this morning, all smiles as he chatted with poll workers. he continued to encourage everyone to get out and vote. >> vigorous democracy is one where a lot of people participate. we went over 200 million registered voters in the country for the first time, all the early vote signs are very strong in terms of people's energy and desire to participate, but i just hope that that carries through today. >> sears is the latest department store to say it will open its doors on thanksgiving day. from 6:00 p.m. to midnight. it will then reopen at 5:00 a.m. on black friday. it is the fourth straight year it has been open on turkey dhar strongly worded statement. he said that he is worried about her safety. the relationship has been the subject of media rumors and gossip over the past few weeks. that's the news update this hour. i'll send it back to you. >> thank you very much, sue. we're heading live to two battleground states that we'll hear from both the secretaries of state in each one of them. "power lunch" is live in arizona, and then back in ohio next. i'm just a guy who wants to buy that truck. and i'm just a guy who wants to sell him that truck. so i used truecar. it told me what other people in the area paid for the truck i want. and because we're a truecar certified dealership, i already know the truck he wants. so we're on the same page before he even gets here. -it's fair. -and it's fast. look good? looks great. this is how car buying was always meant to be. this is truecar. ♪ let's get a check of the markets now, we're extending yesterday's big gains, the dow is up by 119 points. good for a .7% gain. the nasdaq is higher by 39 points. s&p 500 today briefly crossing 50 day moving average of 2146, now 2144 with the leading sectors being technology, telecom and industrials. best performing all 11 sectors on the s&p 500 are higher right now. >> let's zero in on two battleground states, arizona and ohio. contessa brewer and brian sullivan speaking with the secretaries of state in both of those states. contessa is live in arizona for us. brian sullivan is live in centerville, ohio. contessa, let's start with you. >> well, it is really remarkable that this is even considered a battleground state because it has been red for a long, long time. in fact, the last time arizona went for a democratic president was in 1996 when it went for bill clinton. but this year hillary clinton is giving donald trump a run for the money. the polls show that donald trump has resurged a little bit in terms of voter support. but still the question remains what will turn out due for these two presidential candidates. with me today is the secretary of state michelle reagan. give me a sense about early voting turnout and what you're seeing in terms of arizonans coming out to vote? >> we have seen a really high number of early votes, already mailed in. and about 1.7 million so far already collected. and the breakdown is roughly about 40% of those have been republican voters, 34% democrat and about 26% other. >> i know you're still waiting for the final numbers because there was early voting. in an emergency in tucson they opened up early voting even yesterday. >> they did open up some select locations down in tucson. on monday. to allow some voters who couldn't get there on friday to complete their early voting, but of course today is the big day. >> big day. are you looking at any challenges in terms of voting on election day? >> well, we're always vigilant for whatever we see that could be, you know, if we hear about equipment not functioning properly, or if there is lines that are backing up, we want to know why. but so far looking really good. >> there were reportedly some 5,000 ballots that have been sent in early where they didn't have signatures that matched. do you have any sense of whether that is a common occasion on election days? >> well, certainly what the county recorders do and that signature on the envelope is the way to identify that that's who you are. so that's our way of checking verification. and what the county recorders do is they will call you if there is no signature. >> that's how they're collating that. >> to come in. >> you were talking about your concern about disinformation, misinformation on election day. >> contessa, probably my number one concern is there no greater way to disturb an election than to have people send out misinformation. i think that's really what we're on the lookout for is have foreign entities or foreign actors coming in and throwing in misinformation, fake polling numbers, fake election night numbers. maybe doing something to facebook pages or sending something through twitter. nothing could be more upsetting to voters than to get wrong information, fake information and have that spread. >> it is as long a night for you as it is the candidates and journalists covering it. >> up all night. >> beautiful weather for it, though. >> it looks gorgeous in phoenix. thanks so much, contessa. now to brian in centerville, ohio. brian? >> thank you very much. similar vain here, a lot of talk about early than late, good early turnout, earlier today in centerville, ohio, we sat down with the ohio secretary of state, jon husted, and asked him how the early turnout had looked so far. >> anecdotally speaking we had high voter turnout, consistent with what we saw in the early voting period. we set a record in ohio for the number of early votes. started out slow, but finished strong. there were 11,000 more people that voted this early voting period than four years ago. >> does the early voting itself say something? who is the typical early voter? >> well, typically the democrats win early voting in ohio. but what we have seen so far is that counties that barack obama won, the voter turnout was lower there, counties that mitt romney won, turnout was higher, so i guess both sides can take something away from the early voting period saying maybe they did a little better. >> hard to look at early voting and say, it is going this way, going this way. >> absolutely. >> kind of reflects the state itself. >> it does. every poll that we have seen as of late shows this race within the margin of error. some show clinton winning, some show trump winning. >> is there a number we get after election day? >> yeah. we have -- there could be as many as 200,000 additional vet s cast, many are ineligible, so we're talking about a number that could be significant that won't be counted until ten days after, the law in ohio says late arriving votes, provisional ballots, not counted until ten days after the election, so if it was close, we wouldn't know for a long time. >> fair to say, even if the count later tonight is within 150,000 votes, it may not be over actually. >> i would say 150,000 would be a large enough margin, but 50,000 votes, 50,000 votes could be overcome with this margin. >> like i asked you, who the early voter was, who is the late voter? primarily service people overseas? who is the late voter? >> traditionally, the votes that get counted late, the provisional ballots will lean democratic. >> how has it gone so far? any concerns about voter fraud? >> everybody is on their best behavior at the polls. we're seeing things running very smoothly. voters have the patriotic spirit, out there even though they may disagree with the person they're standing in line next to. it has been cordial and civil and things are running smoothly. >> all right, guys. so i think the key takeaway there is all the late votes. we focused on the early votes to give us an indication. what secretary of state husted said there is very important, which is expect another 175 to 200,000 votes to come in. so, i don't want to be the bearer of bad news here, but if the race is super close, as many of the polls suggest it might be, some polls have trump up a little more than others, but if the race comes in very, very close, secretary husted said it could be an extremely long night or carry on past tonight if it is within that 50 to 100,000 vote margin of error. >> it carried on late for the kerry/bush race as you'll probably recall in 2004 had ohio was pivotal and it went into the next morning as i recall. >> yeah, a similar situation here. so i think that's the key number to focus on, based on -- this is all coming from the secretary of state, could -- this is on past data that based on historical trends, he said, you heard his words there, about 50,000 votes. if we're within 50,000 votes either way, by the end of tonight, it could actually flip. so if your candidate is up, it could flip, based on the way that the votes are coming in because 175 to 200,000 votes, guys, is a lot of votes that are left to potentially roll in here in the state of ohio. 18 electoral votes are on the line in this state. >> this is marcus. i have a question. are you hearing about a surge in any part of ohio in terms of voter turnout or enthusiasm that different than the past that would give us any indication of -- are there autoworkers in cleveland, are there machine workers in youngstown, ohio, hearing anything different about a surge? >> a little bit, marcus. a little bit. i don't want to extrapolate the data too much out. however, the secretary of state this morning did say that the early vote, which has been large, by the way, the largest in history, does tend to lean a little more democratic, lean a little more toward clinton. so that's what secretary husted said. i don't know if we can extrapolate that out as far as geography, marcus. good question. but that early vote heavy does tend to lean blue. keep in mind, ohio has 88 counties. president obama won in 2008 and 2012, in 2012 with just 16 of them. while it is a geographically big state, a lot of counties, 16 of the most populous, like montgomery county, where we are here, could determine this election. >> got it, brian, thanks so much. you'll be there for us, maybe all night. cnbc's election coverage kicks off at 7:00 p.m. eastern time and we're adding very special elements to our coverage tonight. called the cnbc decision zone. that's where dominique chu is right now. dom? >> so, michelle, we'll have a lot of granular data about what is happening in the local elections. this is our control room where it is all going to happen later on tonight. follow me in here because after the break, we're going to show you what goes in our decision zone coverage and what you expect to see later on after "power lunch" comes back. ah, beth. so the elevator is stuck again. with directv and at&t you can stream your favorite shows without using your data. that makes you more powerful than being stuck in an elevator with a guy with overactive sweat glands. sorry, rode my bike today. cool. hey it's your tv, take it with you. watch all your live directv channels, on at&t, data-free. so dad slayed the problemt with puffs plus lotion, instead. with lotion to soothe and softness to please. a nose in need deserves puffs, indeed. when you cook with incredible wild-caingredients...almon. you make incredible meals. fresh ingredients. step-by-step-reciepes. delivered to your door, for less than $9 a meal. get $30 off your first delivery blueapron.com/cook. the markets change... at t. rowe price... our disciplined approach remains. global markets may be uncertain... but you can feel confident in our investment experience around the world. call us or your advisor... t. rowe price. invest with confidence. cnbc's election night coverage kicks off 7:00 p.m. eastern time, and we're adding something very special to our coverage, the cnbc decision zone. that's where dominique chu is. what is it, dom? >> so what it is, michelle, is we're going to be able to show you because of the reach of nbc universal news assets, all over the country, we're going to bring in local coverage of every single battleground state, every single contentious point of the election, and show you granularly what is happening at any particular hot spot. so here's what we're talking about. we're in the control room, where this is all going to happen. julian will help me out here a little bit. what you're seeing is a live shot on our screen of the javits center, the hillary clinton hq, it will start to pick up more action later on down the line. but if we can, can you pull up what is going on in rs 120 here? okay. rs 120 is charlotte, north carolina, north carolina, another battleground state, right now, that's a live look at a polling location. but throughout the course of the day, the camera will change, that feed will change to local developing news through the in north carolina. can we also check out what is happening at 136 as well? just heard brian sullivan in centerville, ohio, across in another part of the state this is cleveland, ohio, another polling location, we'll expect to see more news developing in certain local markets throughout the country. and the whole idea here, guys, is that once you turn to cnbc tonight to watch the election coverage and the subsequent market reactions all around the world, you're not going to need to turn the channel. because when something important happens no matter where it is across the country, one of our nbc news assets will be able to pick it up and will be able to turn the channel for you and give you a live look in as to what is happening. so think of it this way. settle in, don't move, watch the coverage, we'll have everything for you guys covered right here. back over to you. >> thank you very much, dom. how important is this election to the small business owner? >> not as important as everybody thinks. >> because? >> because the small business owner -- what is going to change? >> donald trump claims less regulation, she claims more. >> less regulation, what regulations exist in small business? you, what? what is the small business owner prevented from doing today that they're going to have the ability to do tomorrow? i don't really think there is anything -- >> steve liesman brought up a good point once. at the local level is where you find those issues, right? and the president's ability to affect whatever happens at the municipal level when it comes to licensing, all the requirements, how easy it is to set up a business. >> that's a local city hall issue. at the end of the day, i think the small business owner really needs to get support from the sba, need to get support from the banking institutions. either president isn't going to change the way the sba loans money. >> had about a stronger economy which would drive more consumers or customers? >> maybe. we had good economies and bad economies. small businesses have struggled for years. it is a fundamental problem. it is a resource, it is an education, it is a training problem. it is not a strong economy. >> what about the potential repeal or replacement of obama care and how it would affect businesses that are now over 50 employees that are now required to offer health care? >> i think it would be very hard if that gets repealed for an employer to say to an employee who has it, you're going to lose that. what they would lose is an employee. >> however, if you're at 48 employees and thought about going to 50 and didn't, and now it goes away, maybe you're more likely to expand. >> maybe, maybe not. because if you're at 48 going to 50, there is a real demand or sales driver in your business that is forcing you, you're not saying i'm going to hold my business back, make a conscious decision to put the brakes on because i don't want to provide health insurance. i don't see it. >> all right. >> big earnings miss and lower forecast sending shares of valeant sharply low today. by 21%. the problems keep piling up for the drugmaker. where does the stock go from here? that story is next. i've invested a lot in this game and the returns i get out are measured in reps, huddles,bright lights, competition and games played. at td ameritrade we believe the best investments are the ones that matter most to you. valeant shares are tanking today. let's bring in david mara, managing director at wells fargo, who has a sell rating on the stock. you were very pointed on the company's conference call as i understand from other analysts out there. you got a sell rating on the stock. how does this end? this has $30 billion in debt. it hasn't officially in its third quarter released announced any formal divestitures. its cash position is deteriorating. how does the story come to a close? >> i don't know. because it is a big mystery. the company spent in the last couple of years $15 billion on acquisitions. operating cash flow is down. if you gave me $15 billion and said buy some good stuff, i would be able to find some things. the company does have $30 billion worth of debt. a little over. but they also have another $10 billion of other obligations. we spent a lot of time with management today saying we think that you might have to restructure, they think they might just have to refinance. those things sound similar, but very different. but refinancing after results like today is going to cost them a lot. >> yeah, i would imagine. they also have taken impairment charge for sale. this is the unit, business, that the wall street journal has reported. it could be looking to sell to takeda. it hasn't yet taken any sort of impairment for its female libido drug, which you think could be severely marked down at this point. >> i asked them that today. i said if you bought this company for a billion dollars, and you really have no sales for the product, don't you have to write that down? they said, well, in the future, it might fall out of the basket, but we'll keep a look on it. to me, it absolutely has to be written off. it is a complete zero. >> one of the next sort of points which investors should look at in terms of debt covenants, at what point does this company really get into trouble? when does the clock start ticking for refinancing all that debt? >> the clock is ticking now. the big maturities happen in 2018, 2019, 2020. they have a little bit of time. they're going to sell some assets, pay off the near term debt, but one of the things that i think they were planning to do is refinance the near term debt. that new debt probably went up 200 basis points or 2 percentage points higher at a minimum now. so what they were going to -- what they were going to do before just became a lot more expensive. so if you're an invest, you have to think about this from a caution standpoint. you might want to feel good and, oh, the stock is down a lot off the high, throw money at it. that's not how we approach things. we approach things with we want a lot of caution, and here you have something that if one or two things go against them, like an impairment charge or maybe even a legal judgment, things could get ugly fast. >> this is marcus. i have a couple of questions. what is the leverage sitting at today. you talk about that near mature. >> a little over 5.5 times. >> and what would their peers be levered at if there was a comparison? what is the market allow for? >> well, most people really want them to be around 4 or less. we think that if they sold salex, what was in the market before, if they sold that and used all the proceeds to pay down debt, they would still be levered about 4.5 times. so still pretty high. >> and it is the one growth spot, right? bright spot in the quarter, looking to sell the thing. >> it is their crown jewel. so i can't believe they're going to sell that. i don't think the buyers out there are rushing to the altar with that. >> david, thanks for joining us. >> thank you. >> the fight for florida. donald trump's path to the presidency virtually impossible without winning the state. that's where we're headed live next. "power lunch" back in two minutes. pursuit of healthier. it begins from the second we're born. because, healthier doesn't 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 we're here to make healthier happen. good election day afternoon. welcome back to the second hour of "power lunch." here is what is on the menu. we are in all of the key battleground states, examining the issues that matter to voters and investors there. ohio, florida, north carolina. we got you covered. and we're watching the markets too. what happens to your money today, tomorrow and beyond no matter who the president is. plus, we'll take you one place where there is a strong connection to one of the candidates and one of the anchors on this show. the second hour of "power lunch" begins with that tease right now. >> i'm melissa lee. let's get a check on the markets. two hours until the closing bell ri rings. stocks turning higher midday. almost at session highs, the dow, by the way, with yesterday and today's gains erased all the losses from that nine day losing streak here. the dow is up by 108 points. s&p up 11 points. half a percent, all 11 sectors in the s&p 500 now are in fact positive. we're taking a look at a pretty big decent size intraday move on the u.s. dollar index. higher by .2%. look at the vix backing down with the gains that we're seeing in today's market. it is down by 3%. 1814 is your level on the vix. michelle? >> thanks, melissa. i'm michelle caruso-cabrera. a lot of movers this hour. valeant, third quarter loss, cutting their guidance. more than that. stock is sinking. new 52 week today, down 80% so far this year. way fare is down 8%, the online home furnishings company, disappointing results. went public at $29 a share. getting close to that level right now. 2979 after declining 11%. to brian in ohio. >> there are 18 electoral votes at stake here. keep in mind, ohio on a state level has a trifecta, governorship and state house and state senate. that doesn't mean anything when it comes to this election because things are close. the columbus dispatch poll has hillary clinton ahead. there is a lot on the line in ohio. donald trump has been here 26 times, the second most after florida. because america does not have enough polls, we decided on "power lunch" exclusively to bring you the most unscientific and informal poll of all time. last night, we went out, and we asked everybody to throw in either blue, you know what that means, red, you know what that means, or yellow. any third party candidate, their vote, only one chip per person, into this hat. and coming up a bit later on, we'll give you the exclusive results of our exclusive poll. to jane wells in vegas. >> well, they have real poker chips here, but what we're talking about now is a lawsuit, brian, filed by the trump campaign against the clark county registrars office involving early voting which ended last week. we had heard before that there was some questions about a polling place and heavily latino area being kept open longer than perhaps it should have been because it was a long line. now the trump campaign has filed a writ of man damus. what you file against a government entity when you believe there is wrongdoing. they say it is not just against that one polling place, but alleging irregularities at four different polling places. and here's the problem that they are alleging at those places. they claim witnesses saw a couple of problems. one, at a couple of the polling places they claimed that poll workers decided they were going to keep the polling place open to 10:00 p.m. even before they knew whether or not there was going to be a long line. according to the law, if you are in line, when voting is supposed to end, that polling place has to stay open until you can vote. the first problem they're saying is they decided the polling places were going to stay open late no matter what. the second case that they are claiming is that they saw irregularities alleging that people who arrived after voting was supposed to end still got to stay in line and vote. and what pete williams is saying the trump campaign and its 100 page complaint wants those votes somehow separated and thrown out. we talked to somebody from the state gop party today, he says these lawsuits are not uncommon in an election. expect to see more of them. in fact, the democrats last week filed their own alleging that trump supporters at a polling place were trying to intimidate voters. he said we will see more, but as for today's voting, he says we expect a smooth process, so far so good. and finally, he said, everybody who is around in 2000 is, quote, dusting off their playbooks. back to you. >> thank you very much, jane wells. florida, of course, where some of the playbooksly is another b battleground state today. diana olick is live in del rey beach, florida. >> hi, tyler. if you look at the math, it is hard to figure out how donald trump could win without this state and its 29 electoral votes. that said, the race here is very, very tight. a record number came out to vote early, in fact, more people here voted early than voted at all in 2000. that was, of course, the election between bush and gore. that's just how fierce the florida fight is this year, but out on the pickle ball court, politics stays on the bench. but the discussions on that bench are far more varied than you might think. we came here to talk about issues we thought were important to seniors, like social security and medicare. but really we heard more about personalities and honesty as well as jobs, foreign policy, and women's issues. one player did say she was interested in social security, but had to dig deep to find it. >> if you dig in, and do some google searches and see some of the things that they said in the past, and there is a lot of material online to get that information. you absolutely had to do your homework. >> now, we have seen very high voter turnout so far, especially in the early voting. record voter turnout. no irregularities to speak of, at least not yet. back to you. >> thank you very much. you know florida, diana, thank you very much, you know florida very well. >> in '96 i ran for the state house. >> you did? >> nobody knows that. i ran for the state house in '96 and -- >> how did you do? >> i lost. i was very naive. i ran out of college and i ran as a democrat in miami and thought, cubans don't vote democrat? i don't understand it. >> hello. >> i was 21. i didn't know. the reality of it is i made a few calls to people in south florida last night trying to get a pulse on what they thought was going to happen. in more cases than not, even people my age were saying they were voting for trump in south florida. it was surprising to me. i was surprised. i knew that the cuban population that was a little bit older because of kennedy, bay of pigs, you know -- >> always republican. >> but i did think that there would be a different take on it with the younger voter and it had not shifted. >> do you think president obama's new policy on cuba helped or hurt? >> i don't know. i was just surprised by how visceral people were on the phone with me. >> about hillary versus -- >> yes. people just said i can't trust her. i need to -- my bank account isn't good, my real estate taxes are bad, it just -- so he may have had a very effective campaign in south florida. i don't know what the polls say. >> so we have to wait to see when the western part of the state starts to vote. >> tampa, orlando. >> let's talk more, take a closer look at the battle in the swing states with the two people on the ground there joining us from miami. ann lewis, white house communications director for president bill clinton and former senior adviser for hillary clinton in washington, and we have former virginia governor and former rnc chair jim gilmore. you heard what marcus was saying about south florida. what do you think? >> you won't be surprised i'm giving a very different vibe. we were around this weekend checking in on volunteer staging stations and went to staging, volunteer stations that had lines out the door of people that wanted to volunteer. south florida, that includes palm beach, broward and dade counties, is going to be very strong for hillary clinton. she's going to get a really large margin. you look at the early vote, for me, again, look at the enthusiasm level, look at the number of volunteers. i think as i look at this, it is three things going on. one is high enthusiasm for the candidate. second, this is a campaign that is really well thought out and well organized and, third, we had large -- really surprisingly large number of volunteers, so almost like a perfect storm. >> ann, this is marcus. you're referring to south florida as a whole. i like to think about it as a whole. there is a clear line you cross 595 on 95 by the ft. lauderdale airport, are you referring to what is happening in miami or referring to what is happening in south florida by grabbing in palm beach and broward county? >> well, for sure dade and broward i have been in both this weekend. and i saw, again, those high levels of enthusiasm, strong turnout, as you saw -- i have not been to palm beach, but talking to people who were working palm beach and they're feeling very good too. what i see and what i hear is really very positive. >> governor gilmore, what ann l lewis is saying, the talk is that hillary clinton's get out the vote game is much better than donald trump when you look at spending on advertising in battleground states, democrats have outspent republicans nearly 2 to 1. can he overcome all those traditional rules that would suggest that she's going to win? >> well, it is a great question. we're going to find out. but i think this, the enthusiasm over on the trump side on the republican side is very, very high and has been high for quite a long time. i think that's because this is an election, clearly, that wants change. and there isn't but one candidate in this race that speaks on behalf of change and that's donald trump and the rest of the republican ticket. so the enthusiasm is very great on the republican side. i've seen it in virginia. i think you're seeing it in florida. and marcus was seeing it in florida. >> why did the trump campaign basically forsake virginia? were they right in doing so? >> let me say a couple of things here. i think there is too much focus on just the trump campaign, republican rank and file are out there and very enthusiastic and working hard. i've given over 30 speeches in the last 45 days and every corner of virginia. and i can tell you the rank and file are out there, they're enthusiastic. republicans were being asked to come home. they are coming home. in addition to that, the rnc and the state parties have been putting together a get out the vote program. it is not, you know, it is not perfect, but i think it is going pretty well. >> governor gilmore, to tyler's question, i understand talking about all the other candidates, but what about mr. trump and why was his presence not felt in virginia? >> i think his presence has been felt in virginia. let's see what happens. when i travel across the state, i see an awful lot of people. very intense about the trump campaign. if you really look at this race, though, i think that there is an opportunity coming out of this race to really address the challenges that face the united states. and i know that it is all political question. but in terms of a policy question, we got a lot of problems that we have inherited over the -- from the last eight years, slow growth, really chaos at the international situation, and i think that you're going to need house and senate leadership over and beyond the president when we come out of this election to address those issues. but i'm confident we can. >> i take your point about governor that virginia can often surprise, just ask eric cantor. he would remember being surprised. and ann lewis, we're talking about the ground game. my question is, donald trump's campaign is one where he's broken all the rules. he's done it a different way. he's gone over the head of the media. he's used twitter and social media, very effectively. i wonder if you worry that for all the ground game, this guy is a better passer than you are and it is an aerial game now, not a ground game. >> good observation. >> well, i would say it is still back to the ground game for one reason. only on the ground that you can have person to person communicating with voters. people call their neighbors, when people go door to door and knock on the door and say, you know, i'm supporting hillary, i hope you are too, can i help you get to the polls, do you need a ride, do you know what time you're going to vote? those are the kinds of personal human connections if you will that can really make a difference in the campaign. and i think that's what we're seeing. the second piece i want to say a word about virginia. i remember when virginia was a red state. you know, it had a lot of -- governor gilmore remembers that too. watching donald trump, watching his divisive rhetoric, if you will, watching the fact that right now everyone is putting virginia in the blue column, i think it is an example of how american politics is changing. and i'm going to stick to that person to person. >> if i've got one thing to add, it is this, i think that what trump has achieved in this election is that a republican party has an opportunity to be the voice of working men and women. and that's why i think we are going to carry ohio. that's why michigan is in play. and that be with a really great transformation. >> that's where we're all going to find out today. thank you so much. ann lewis and governor gilmore. >> great, thank you. >> tune in tonight, cnbc special election coverage starting 7:00 p.m. eastern time when the first states close. now, back to the aforementioned ohio, there is brian. >> thank you very much. i would add to that previous conversation, ann lewis, there are a lot of people in northern virginia area who make a pretty good living off a larger federal government. but that said, we're in ohio. we are not in virginia. one thing that we did was, these polls are faceless and nameless, we wanted to basically go out last night, and put votes to names, and get people to throw in their chips, literally, on who they're going to vote for. but until we reveal this, you got to wait a few minutes. earlier this morning, we in ohio went to bill's doughnuts, legendary spot, around for more than 60 dwreyears and asked whoy are voting for and why. >> i voted democratic ticket straight all the way. >> not hillary clinton. she supports obamacare, which has been just a terrible thing for the country, sold under false pretenses and i think there have been a lot more loselose ers under that program than winners. >> race relations and health care are important. i have an aging parent. i voted for hillary clinton. >> i voted for gary johnson today. i thought he had more integrity. i did not like either of the main parties. >> all right. so gary johnson. heard a third party there. last night, of course, this is done in fun. highly informal and casual, went out to a tap room called chappy's, gave everybody one choice to throw in a red, blue or yellow for any third party. yellow was johnson, stein or any other 200 people running for office. and without further ado, here are the results of our completely informal and unscientific poker chip poll. and it is secretary clinton who takes the win from chappy's. is there cheering? booing? no? so -- there is boos and cheers. that sums up ohio, guys. you can see a narrow victory. what i find interesting is this. these are all third party candidates. this would effectively represent 18% of our, quote, vote. do you see any possibility that third parties are going to take 18%? i don't. but still, this is how the people with one chance voted last night. we didn't look, by the way. it wasn't like we were putting pressure on them. we just turned our head and threw them in there. >> you weren't buying drinks, were you? >> there was no pay to play. no buying drinks. no buying food. no buying wings. >> thank you, brian. >> we had neutral observers. there you go. >> i'm sure there will be a lawsuit or two. >> all right, see you late, brian. big turn around for stocks, markets building on yesterday's rally. why? where do we go from here? all over the markets, the elections and much more when "power lunch" returns. hey, jesse. who are you? i'm vern, the orange money retirement rabbit from voya. orange money represents the money you put away for retirement. over time, your money could multiply. hello, all of you. get organized at voya.com. stocks adding to yesterday's huge gains. let's bring in scott minor, jack ablin. scott, i'll start with you. let's say we get exactly what the market thinks it is going to get. that is hillary clinton is president, some divided congress, what do you do. >> with clinton as president, divided congress, that's going to be very good for the markets. we'll get a lift here, especially coming into the holiday season. retail sales are starting to look very good for the holiday season and that has the strongest correlation of performance. i think without a trump victory, the markets are all clear for further price appreciation. >> that would be a risk on sort of market. let's tweet that scenario and say hillary clinton wins the white house and it is a democratic sweep of congress. >> i think that's more problematic. i think the market initially will react badly to that. i think it will be bad for obviously certain sectors, especially things like pharmaceuticals where, you know, an unbridled clinton administration will probably force through policies which may not be so favorable in terms of future profitability. >> jack, same two questions to you. >> i think you're right. i think it is -- the house is a lock for the republicans, but the senate is really up for grabs. and going into the last few weeks it looks like the democrats did have the edge and that's going to be an important role when we look at confirmation hearings. i think the most important period that we're going to look at once this election is done is the period between now and the inauguration. who will the presumably president elect clinton look for to, you know, put into key policymaking roles. will she be pulled to the left as we suspect? and if she is, will there be a democratic senate to help facilitate those approvals. so that's where i think it is still critical. i'm not sure i would necessarily lay out a macro strategy quite yet, even though we know, you know, we'll know by tomorrow who the president and what party controlling congress. i think the next few weeks is critical as we'll see. which way she drifts in terms of policy. >> none of you thinks ma s mayb sell on the news. two days of rallies and everything happened that everybody thought would happen. >> i would put forth a sell sell scenario. >> i think that -- >> scott minor, please. >> sorry. >> i think the strength that we saw on monday, you know, on just the statement from comey, let's face it, the comey statement is not going to really affect the outcome now. people have made up their minds. i think the fact that the market ta took off on that was the relief rally we were looking for. and the fact that the seasonals are so strong here, the fact that we went through the august/september period, october period without bashing the markets significantly lower, i think it is telling us that the fundamentals under the market are very strong and removing uncertainty, even if there is some dislocation for a day, it would be an opportunity to buy. >> jack, last word. >> i think that ultimately we should have a relatively dovish policy, both in -- we have monetary dovishness, i think fiscal, i think we are going to see some spending and my sense is the republicans are going to go along with it because they don't want to stand in the way of their constituents and jobs. given that even though trump may lose, that this anger replacing hope isn't going away. >> gentlemen, thank you. scott minor and jack ablin. travel rental cars, drug pripgs are co s prescriptions are coming up in the good, the bad and the ugly. "power lunch" rolls on. markets higher by about half a percent. w can good paying jobs disappear? it's what the national debt could do to our economy. if we don't solve our debt problem 19 trillion and growing money for programs like education will shrink. in just 8 years, interest on the debt will be our third largest federal program. bad news for small businesses. the good news? there's still time for a solution. ask the candes for a plan to secure our future. ♪jake reese, "day to feel alive"♪ ♪jake reese, "day to feel alive"♪ ♪jake reese, "day to feel alive"♪ welcome back to "power lunch." time for the good, the bad and the ugly. first to the good. very good. shares of priceline up by 6.5% on beating profits revenues and bookings for its quarter. it set a new 52 week high earlier in the session. still holding on to nice gains here. the bad here, that kind of day, cvs, after reporting profits that beat estimates but revenue fell short, citing a slowdown in prescription growth and absolutely ugly day for hertz. shares down more than 30%. big profit and revenue miss. hertz cutting guidance citing weak car rental levels. that's good, bad and the ugly for today. "power lunch" will be right back. they may want the latest products and services, but they demand the best shopping experiences. they're your customers. and by blending physical with digital, cognizant is helping 8 of the 10 largest u.s. retailers meet their demands with more responsive retail models... ones that transcend channels and locations, anticipate expectations... creating new ways to engage at every imaginable touch-point. it's a new day in retail, and together, we're building the store of the future. digital works for retail. let's talk about how digital works for your business. here's your cnbc news update at this hour. republican vice presidential candidate mike pence voting in indianapolis earlier today. he spoke with workers on his way into the polling station. afterwards, he urged americans to get out and vote the gop ticket. >> i just want to encourage every american who believes like we do that america can be stronger at home and abroad, america can be more prosperous, that we can chart a future on our highest ideals to take time today to vote and to join us in supporting donald trump as the next president of the united states. >> cnbc warni cvs plans to lose prescriptions next year. as a result, it lowered it profit outlook for the rest of this year and next. its stock has been falling some 13%. and british fans of toblerone chocolate bars are outraged over a cost cutting move that will mean spacing out the jagged peaks. the scaled down version prompted by high eer commodity prices. doesn't look right. i took a look at it. it doesn't look right. that's the news update this hour. to brian now in centerville, ohio. >> thank you very much. so we just jetted in last night. we're hardly experts in the region. i'll admit that. you bring on people who are experts in the region. we got jessica wareman of the columbus dispatch and tristen. dayton business journal, you're following what is happening here. interesting county because it has gone blue, was heavily unionized, lost a lot of manufacturing jobs. if the economy is still sinking, it is more likely we'll get a presidential switch. so how is the economy doing? >> well, the economy is coming back after the great recession. we lost a decent number of manufacturing jobs here, but what is coming back is a little bit different. this economy is driven pretty heavily by health care, government and education. so we're looking at a different kind of jobs that were returning from what was lost. >> it is interesting too. anecdotally, not proclaiming to be an expert, a lot of trump/pence signs. does that surprise you? b back east we have a closet trump base, do you think there is a closet clinton base here? >> there is a frustration with the way things are going in washington. but there is enthusiasm for john kasich's run for the white house here in ohio. i'm not sure that the translation of the popularity has quite gone to trump in the same way. >> we'll talk about the kasich thing in a second here. it is interesting this morning, there is ten polls that basically sort of suggest what may happen on a state level. secretary of state -- one that has clinton up and that is the columbus dispatch poll, which the secretary of state, jon husted this morning to us, was the one he looks at the most closely. what do you see, hear as the voting continues today? >> i think the thing to kind of watch here is there is a lot of enthusiasm for trump in areas traditionally blue. the question will be, to what degree does trump perform in those areas. i think of mahoning area. >> pennsylvania border. opposite side of the state from us. >> they're an area that i'm going to be watching heavily. they were one of 17 counties that voted for obama in 2012. what margins will clinton have there if any. is it possible that he will take over there? dayton is an interesting play, a manufacturing town. remember, dayton is a little bit of a -- >> outlier. >> outlier. little island of blue, if you will, in a sea of red. the counties around here are very, very republican, green county is very republican as well. but the other thing to watch here is some of the republican establishment in the state is -- they don't feel like they relate very well to trump necessarily. they're more traditional business guy, pro trade. >> republican lite in a way. >> chamber of commerce republicans. >> there you go. it is interesting too, looking back at data, went to obama the last two elections, but no president has won more than 51.5% of the popular vote. that close every time. not going to ask you to study politics, but based on what you're hearing for the business community, do you expect it to be that close again? >> i think it might well end up being like that. there is a decent feeling of hurt over the long-term, over trade deals, that have happened over the past couple of decades and some frustration about the decline of the manufacturing industry that has not returned. >> quickly, jessica, john kasich, not only not voting for trump, but writing in an ineligible candidate, john mccain. how important or how severe is that rift with a fairly widely liked governor? >> it is a pretty significant rift. tonight there are two different parties scheduled. there is the republican party, and then there is the trump party. so there is a rift here. i think it is reflective of a larger rift that we may want to watch in the years to come in the republican party. you see this also with paul ryan, and trump as well. there is an establishment versus kind of quasi sort of populist anti-trade really speaking to working class voters segment of the party. that's going to be something to watch long after election day is over. >> thank you both very much. ever changing but important face of ohio. no state as we said mirrored the national vote more than ohio. they elected every president but two. they never have been more than 2% off the entire national vote in the past 120 years. >> all right. brian, thank you. gold, watching that slipping today as america takes to the polls. let's discuss how it could impact the metal. erin gibbs and craig johnson. taking a look at gold's decline today, it is hardly anything. really down just .1% at this point. do you see a place for gold in your portfolio no matter who wins tonight or slash tomorrow? >> no, i really see gold as a reflection of investor fear. and i would say that we have seen a fairly negative correlation to gold prices with a clinton win. so gold could remain go down a little or remain stable. with a trump win, we have seen the price of gold have a posicor relation, so the more that it looks like he's going to win, we're looking at 45% correlation, so gold may go up by 3% if he wins. so i would say it is really based off of who wins the election. there is a big difference in where we might see the price of gold go. >> craig, have you been looking at that correlation in the charts? i'm going to pair it up with another commodity. copper. copper looks like it is breaking out. so can there be a world in which copper is breaking out, but gold maintains the gains for the year because they seem to sort of go against each other in terms of belief and global growth and the need for safety or the desire for risk on assets? >> i brought two charts in this afternoon to look at the chart of gold for first and then copper. but gold, primary trend is still lower off the 2011 highs. the recent price action we have been seeing has been nothing moren this a relief rally. if you get a trump win, you got a slight push higher. but it is going to take a move north of 1350, 1400 reverse that long-term downtrend and i don't think that's going to happen. so from our perspective, the economy is getting better. you are seeing that in commodity prices, seeing that little uptick in copper. i think it is a good sign for the economy that is getting better. i like what i'm seeing with copper. i don't like what i'm seeing with gold. there is more downside closer to perhaps 1150, 1175 in terms of gold from our perspective. >> got it. guys, thank you. erin, craig, for more market insights go, to tradingnation.cnbc.com. and now the latest from tradingnation.cnbc.com and a word from our sponsor. >> the best method for reviewing trades is to keep a trading journal. when you enter a trade, write down the reasons you went into the trade and the conditions under which you'll exit both for profit and loss. and take a screen shot of the chart. when the trade is completed, take another screen shot of the chart and look to see if you followed your initial plan. man, i'm glad aflac pays cash. aflac! isn't major medical enough? no! who's gonna' help cover the holes in their plans? aflac! like rising co-pays and deductibles... aflac! or help pay the mortgage? or child care? aflaaac! and everyday expenses? aflac! learn about one day pay at aflac.com/boat blurlbrlblrlbr!!! i'm scott cohn in raleigh, north carolina. a state that is absolutely pivotal in this election. and with so much at stake now, we're hearing escalating reports of possible incidents, glitches in durham county. the county board of elections telling cnbc that they have asked the state for permission to keep the polls in that county open for an extra hour so until 8:30 instead of normal 7:30 polling time. closing time. what we have been told earlier in the day is that there were issues with the electronic poll books, those are where they check voter registration for people coming in the polls and the state had directed the county to use paper poll books instead. but glitches apparently have escalated from there. so the county has asked the state for an extra hour of voting time, the state has gotten back to the county to say what needs to be done. and the county, they tell me, is working on that. we're keeping track of it. back to you. >> scott, thank you very much. now let's hear from a billion dollar businessman with operations in that battleground state of north carolina, bob johnson is the founder and chairman of rlj companies. marcus lemonis joins us on the set as well. welcome. good to have you with us. i can't think of another state that has more important contests going on than the state you know so well, north rolina. the presidency could hinge on it. there is a hot governor's race there. and there is a very close senate race. >> thanks, tyler. north carolina is a pivotal state in the election. it is a critical for both donald trump and for hillary. and i think it is going to be a very close contest in that state. and i hope they get all the problems worked out so there is no question about the fairness of people going to the polls and getting their votes counted. >> who do you think has the lead in the presidential race and then take me through the governorship and the senate race if you don't mind. >> i can tell you i'm confident that hillary clinton will receive the necessary electoral votes to become the president of the united states. and i think that once she has those votes, she will set out to live up to her campaign promise which is to make us stronger together. i think it starts with her victory speech, and from that i think a -- something akin to what she did when she ran for senate in new york, a listing, to talk to that other 43, 44% of the country that decides to vote the other way, to begin the process of saying how do we work together to make the country stronger, that to me is more important than trying to sort of spend focused on campaign promises that may or may not be able to be fulfilled. but bringing people together can be done. >> mr. trump, according to real clear politics poll, has a slight lead in north carolina. do you see it going to him or to her? >> well, i think it is going to her, you know. north carolina has as you said some issues that had some issues with the transit gender issue on bathrooms, which will motivate people one way or the other. there is a -- we had to cancel the nba all-star game canceled because of the other businesses decided to take a pass on exp d expanding business or coming to north carolina. i think the governor's race is going to be a tight one. you got a tough senate race. but all and all, i think when it is all said and done, the voters in north carolina reflect the voters in america and vote for secretary clinton to be the president. >> let me bring in marcus lemonis. >> how is this election affecting your business or some of your friends that are business owners in north carolina and what are you sensing from them that they're excited it or nervous about depending on the results? >> from my stand point, i'm on the board of lowe's, one of most successful home improvement businesses in the country, headquartered in north carolina. i have hotels in downtown charlotte, north carolina, and small technology company in north carolina. and i think what businesses are focused on, not only in north carolina, but throughout the country, is who is going to be the best to deal with the issues that we have in front of us, heavy debt, restructuring the tax code, continuing to grow business growth in the country, deal with trade, and i think that what we're waiting for and what businesses all across the country are waiting for is a resolution to this election. and then to see that level of cooperation comes between whoever controls the house and the senate, and the president of the united states. >> bob, if you focus solely on the economic issues, you leave the other issues on the side, when you think about the best person to lead this country from a business standpoint, you're talking about debt, you're talking about growth, where do you stand on that? just on the economic issues? >> just on the economic issues, assume you're hiring a ceo for a company, and this case, let's say a ceo for the united states of america. you look at that person who has the most qualifications to lead the government in focusing on business growth, jobs, competition, tax reform. i stand clearly with secretary clinton because her resume, again, you look at her business, her resume is broad, deep, and focused on how to get things done. and more than anything that's what this country needs right now. >> mr. johnson good to see you. thank you for being with us today. >> thank you. >> make sure you join us tonight for cnbc's special election coverage. it starts at 7:00 p.m. eastern time. that's when the first states close. my home state of virginia. always remember that. 7:00. >> coming up, we'll take you to one place where they have a strong rooting interest in today's election. wellesley college, hillary clinton's alma mater, and mine. meg tirrell's. "power lunch" will be right back. hey gary, what'd you got here? this bad boy is a mobile trading desk so that i can take my trading platform wherever i go. you know that thinkorswim seamlessly syncs across all your devices, right? oh, so my custom studies will go with me? anywhere you want to go! the market's hot! sync your platform on any device with thinkorswim. only at td ameritrade or the freedom to choose what doctor you want to see. so if you have medicare parts a and b, consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, these let you choose any doctor who accepts medicare patients. you're not stuck in a network, because there aren't any. plus, these plans help cover some of the part b medical expenses medicare doesn't pay. so why wait? call now to request your free decision guide and find the aarp medicare supplement plan that works for you. like all medicare supplement plans, you'll be able to stay with the doctor or specialist you trust, or look for someone new - as long as they accept medicare patients. but unlike other plans, these are the only ones of their kind endorsed by aarp. rates are competitive. so call today. and learn more about choosing the doctor's you'd like to see. go long. making headlines across the country for pushing back against the republican senator who had given the speech before hers. criticized the anti-war movement. let's head to wellesley college now, where we're joined by dr. paula johnson, president of wellesley college, the new president, i should say. and our own meg tirrell, who is also a wellesley grad. >> from one grad to another, thank you so much. we're getting set up for a large event tonight at wellesley college. wh what. >> we are so thrilled. connected to the college and that the college played such an important role in her finding her voice in her leadership. as you know she said making the art of what appears to be impossible possible. i think it is really a moment for women's colleges to celebrate and celebrate our roles in what we do which is allowing women and really fostering ability to reach full potential and how we develop their leadership. it is a very special moment. >> there have been questions about the millennial engagement in this election. i have been talking to students and they say they feel a glass ceiling to be broken through. what is your sense about how important this election could be if we elect the first woman president. >> they believe it is critically important. our students have been deeply engaged in understanding the issues and facing the issues that face our country as well as our world. and they are moved to be politically active. we have a lot of first-time voters and they are -- they do understand that this is a glass ceiling that is going to be broken, we hope. but we also know that there are many others that need to be broken. just because one person breaks a glass ceiling it doesn't make it okay for the rest of the population. but i think what our young women will see is that in looking at secretary clinton we hope president clinton that they can see themselves in her leadership. i think that is a powerful motivator and one that women overall still don't have often enough. >> sorry to interrupt. my apologies. i do that sometimes. it is that uppity girl thing in me that i learned in college. quick question. i thought it would be so great that the first woman president of the united states would have gone to wellsly. i look at polling numbers and only 11% of people polled see hillary clinton as trust worthy. she studied at a place which prides itself on the honor code. does it do damage to the brand as well? >> absolutely not. this does not do any damage. it is only a major boost. and for women and for women's education. i think that it really highlights what our role is and what the role is in the world and producing women who will make a difference in the world, women who are making a difference and women who will make a difference in the world. >> other follow up question. in this election there is a lot of discussion about what is happening on college campuses. there is so much focus. i remember there was a lot of focus on diversity, the diversity of the people. there is a belief sthat there isn't a lot of diversity of thought. the majority of professors find themselves as liberal and nearly every university in the country. is that a problem in your view? >> i think that to me the role of the liberal arts college is for us to be able to foster differences of opinion and to be able to have active discussion among people who differ and to have that discussion based in the fact. i think we are very proud of what we have achieved. we have a project called freedom project which fosters the ability of this diversity of thought to be expressed and nurtured. and i think once again it is based in fact and civil discourse which is so critically important as we think about the role of the liberal arts education. >> thank you for joining us today. >> have fun at the party tonight. check please is next. as we head to break listen to "america the beautiful" performed by ray charles. what i love most about tempur-pedic mattresses... is that they contour to your body. you just have to lay back in my tempur-pedic, and it just kind of forms to my body. it comes up to you, like hey, there you are... hey, there you are... ...i'm going to put you to sleep now. it keeps us comfortable and asleep at night. can i take a nap now. it's our biggest event of the year ...and a great time to buy a tempur-pedic, with our best prices on all tempur-pedic mattresses. save up to $600, now thru november 29th. get your tempur-pedic. the most highly recommended bed in america. when a moment turns romantic, why pause to take a pill? 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>> sue wagner. all big names. >> thank you very much for joining us. >> you're not doing anything different tomorrow. >> thanks for watching power lunch. >> "closing bell" starts right now. >>. >> welcome to "closing bell." i'm in for kelly evans. she will be joining us from world headquarters. >> always an honor to have you with us. one hour left of trading on this election day. we have had volatility here just four hours until the first polls close. market moving more than many may have anticipated. some making moves based on early unconfirmed reports about how the vote is shaping out. no