Tuesday, october 30th, merc votes one week from today. And here is todays company. David webb from tea party 360. Com and also, tom sullivan is here and we always love having him here this hour. First, the latest from the markets. For the first time in more than a century, the weather has closeded New York Stock Exchange for two straight days, but fox businesss Charlie Gasparino told an exchange official told him its 99 certain the market will open tomorrow. The market officials will be on a call at 10 a. M. Eastern to make that determination, so well have that news for you. And Hurricane Sandy didnt stop ford from reporting earnings. Why would it . Ford much better than expected profit. And costs cut and north america was phenomenal. Dont forget a week away from president ial elections both candidates may bring this up between now and then and speaking of which the key swing state of ohio seems to be tilting tornado romney. And its obviously close, but the first time romney had even a modest lead in ohio and perhaps, ads like this one, criticizing president obamas handseling of the Auto Industry could sway voters there. Obama took gm and chrysler into bankruptcy, and sold chrysler to italians who are going to build jeeps in china. Mitt romney will fight for every american job. Charles all right guys, ford didnt take a bailout and amazing numbers, General Motors in the meantime, losing market share, bogged down by the volt, bogged down by a pension, bogged down by government interference, i dont know. All of solvable exception the pension problem. They didnt go through a regular structured bankruptcy which is what romney said they could do. Yeah, but governor romney there was no private finance, remember the Financial Markets were collapsing and yet if you read his oped and i did the other way, 2008 oped put it in restructured bankruptcy and then have government as a back stop. A lot of conservatives dont like that, but you can see what he was talking about. Charles it would have worked, i agree. And whats key tt bankruptcy, it would have lowered their labor costs and would have been a requirement in the bankruptcy theyre at 80 an hour and now at 60 when the competition is 40. Ford is doing better versus what chrysler is doing. Look what happened with chrysler, theyre in trouble and theyre trying to attack romney in ohio and not working and even mother jones, overliberal mother jones says that romney is right, chrysler is going to be and here is the thing, and you hit it in the very beginning when you talked about labor costs. When an a company is in trouble they lower their costs, but when the government intervenes, particularly when the Obama Administration took over this, their Main Objective was to keep costs high, at least to keep union costs high. Thats the point with the pension. Charles and burdens General Motors to this day which is why were owed so much money and were in trouble. What bothers me more about the fiasco, the fact that senior debt, and when ways with a in the business, make less debt, but have Senior Security and they ignored bankruptcy law. Charles and a lot of people, their rational, this would only hurt the fat cats and when we know this hurt a whole lot of people. What about the delphi investors who really lost on this one. Lets take a look what they did in the gm bankruptcy, its another case of sub bosub board nating one group. And board says, off shore earnings and makes sense they would not issue their earnings when the markets are closed. You would think they would wait until the market is open. Does that mean that ford had, as you said, a good reason to issue them because they were so good. Does that mean that people that are issuing them maybe are under what was estimated . You know what . Burger king reported yesterday what i thought was a mixed number. So to your point, maybe, maybe, this is been by the way on that note, guys, this has been the worst earnings season in 15 years looking at the top line. So, maybe these other conditions falling into that. And even ford missed the top line by a small percent. And what they did in north america, phenomenal and has political implications. And next the latest on sandy from accuweather, how bad is it, and even one of president obamas main rivals says hes doing a good job handling the storm. Will this help him next tuesday. [ engine revving ] [ male announcer ] every car we build must make adrenaline pump and pulses quicken. To help you not just to stay alive but feel alive. The new cclass is no exception. Its a mercedesbenz, through and through. See your authorized mercedesbenz dealer for exceptional offers through mercedesbenz financial services. 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Plus get this document shredder free but only if you act right now. Call the number on your screen now all right. Lets get the latest on sandys track from accuweathers adrian green. Where is it now and what can people expect . Well, the center of sandy is situated over central pennsylvania and going to continue to lift further to the north and sandy well inland and combining with a very cold storm and you can see the massiveness of the system and stretching from canada into the southeast and cold air has arrived across the southeast, compliments of sandy. In fact, its colder in florida right now than in maine and well see more rain across portions of the norths and some of the steadiest rain across the mid atlantic and even parts of western pennsylvania and getting in on heavy rain here and were going to continue to see that as we head right on in through the rest of the the Morning Hours and we also have the cold side of the storm here across the ohio valley and back into the Higher Elevations in the appalachians where some folks have been inundated with the snow. In fact, in western maryland in garrett county, theyve picked up two feet of snow and the main arteries, i68 does remain closed and were going to continue to see more problems through the rest of the day, more drenching rain and snow down the side of appalachians and the windy conditions gusting the at times to 30 to 40 miles per hour, though the worst of the storm is certainly over, weve got a lot of cleanup to do and still going to be dealing with some impacts here from san da, back to you. Adrian before i let you go, the tides on the east coast, are they going to recede . They should be receding as the day wears on as sandy continues to the north, and well see the tides really go down the next day or so, and we certainly are going to see some lower water, especially across the hudson and even down along the coast of the jersey shore. Charles okay, we need he it. Thank you, adrian. Adam shapiro is tracking the power outages, adam, whats the latest totals. Well, it depends where youre adding it up. Its over 6 Million People without electricity thats as far south as washington d. C. , parts of virginia, over to akron, cleveland, ohio area, theyve lost power, thats because of snow. West virginia they have lost power, but the hard numbers, the greatest majority of people, and right here in the new jersey, new york, connecticut area, want to go through some of the numbers right now where i believe we have a full screen and we can pull up to show people and jersey Central Power and light. 944,000 people without electricity. Atlantic city electric, 180,000 without electricity and conedison serves manhattan and Westchester County and some of the boroughs, 695,000 people without electricity. Long island power authority. 909,000 without power. Connecticut light and power, over 400,000 and pl and e, over 1 million, 1. 2 million, in fact their vicepresident of electric operations, a person by the name of john, said the previous record for outage was 200,000 by hurricane irene 2011 quote the largest storm related outage in our history and again, 1. 2 million, pl and without electricity at this hour and were going to keep following this for you, they had 25,000 power crews on stand by that they brought in according to pepco, the utility in washington d. C. And 25,000 men and women additional force flown in from mexico, canada, and Washington State poise today dispatch the crews. Charles its a herculean effort or a herculean task. A lot of people without power, thanks, adam. Youve got it. Charles joining us a spokeman for coned, the Utility Company in new york city, alfonso, can you fill us in on how things are looking. Sure thing. The updated number for people in new york city and Westchester County and that number is actually 729,000 customers out throughout new york city and Westchester County and were looking at about, in manhattan, where the bulk of them are at at this point, 240,000 customers out. Charles alfonso, how does con edison assess where to go initially, to to help initially, is there a system for figuring out priorities . Because im sure youre inundated with calls and everybody calling things that their emergency is the top one on the list. Well, the first thing that we have to do now is now that the storm is settling down, is to send out damage assessors, what they do, try to find out where the damage is, how bad it is and how we can actually go by attacking the outage. And then, what we will do, well find the equipment that serves the most customers and make those repairs first and then move out west. Charles is it too early to make assessment how long everybody understands you guys have a difficult job. As each day goes on without power, the public respect of this doesnt shine brightly on coned or any Utility Company. Is it too early to assess how long it will take everybody to get up and running. Certainly. This certainly is our charter territory and the restoration is a major, major undertaking on our behalf and i wouldnt be surprised if people are still out in a weeks time. Charles ive been reading because it involves, last time we had a big event, it was wind and trees and snow, but this involves sea water or salt water. Does that really change the dynamics of your job and how you guys go about getting this fixed . Well, sandy attacked us on two fronts, the winds really took a beating on Staten Island and westchester counties where we have overhead wires and obviously they took down trees that tropped on to wires and then the sea water was the second component on the attack, what happened is the sea water got into our equipment and it could have and probably short circuited a lot of our equipment in manhattan. And we also had a huge explosion on, in one of our substations after a piece of equipment in one of our substations on 14th and the east river. When that happened, that knocked out about 250,000 customers in the blink of an eye in eye j w know you have a job and good luck with everything. Thank you, charles. Charles and political politics, put aside and leadership becomes important. This morning on fox and friends, Chris Christie, the republican governor, praising president obama. And at 2 a. M. I got a call from fema and signed a couple of declarations, and give credit to the president , on the phone with me, three times, and anything ive asked for and i thank the president publicly for that hes done as far as im concerned a great job for new jersey. Charles of course, Chris Christie is known as a straight shooter and argue that president obama has looked president ial during the storm so far, what do you think, david . Well, all he has to do is do his job and its not going to help or hurt him i think on the political front, its a matter of just appearing that ive taken care of whatever the states have asked me to do. Fema will have to do their responsibilities and well see how that plays out over the days. It plays for governor romney. Both of these guys, you cannot ignore a fact a week from today is the election. Charles right. So, he has to do everything he can well, the president has to do everything he has to do. Charles how does it help romney. Criticize iffed he doesnt do his job. Hes criticized if he does too much and make it look political. Romney is going, i just have to not make it look political right now. Romney has to focus on what he needs to do for the campaign. This isnt a political situation, this is an american situation, the storm is hurting americans, no matter what their party affiliation, the president has a responsibility as president of the United States, which means, communicate with your governors, you know, people are going to argue whether it hurts or helps him. What matters is the campaign and the final seven days leading into it is going to be how their ground game. Charles but the point is though, david, the president does look like hes doing that job and walking the fine line, being president ial, being attentive, seeming like he cares, responding to any need for help and he talked about cutting ow the red tape and seems like he said everything right so far. Hes said everything right, but lets realize that its the governors in charge and theyre the ones that invite the federal government in. Theyre the ones that working it. Chris christie is right yesterday said he talked to the president oneonone and would talk to him again. Governors doing their jobs, it doesnt help or hurt. I think it just moves along with no incidents. But you could easily make a mistake and thats where they have to be careful. Charles right, absolutely. Could make it political and by the way, someone is making it political. Former president bill clinton actually warning about what will happen if mitt romney is elected. Now, he was in connecticut campaigning for chris murphy running for senate against Linda Mcmahon in a hotly contested race there. Here is what clinton actually said on sunday, quote, were coming down to the 11th hour, were facing a violent storm. Its nothing compared to the storm well face if you dont make the right decision in this election. So, you know, actually saying, bringing on romney as president of the United States will be more devastating than the full wrath of mother nature. Yeah, but clinton can do that, he can be the attack dog and pit bull and do those things, but romney and obama cant say those things. I agree. Clinton is going to be who he is. Joe biden cant go out there and do it, hes the acting, now current vicepresident , but bill clinton can play the fear game. This problem is the institutional left. They are looking at an election swinging tornadwards romney. Charles bill clinton is considered. Considered a moderate. He only did what he had to do in office, to stay in office. s he a Political Animal and his policies are more left than people call it as a moderate. Charles well leave it there for now. New at ten, it turns out stuart may be right. If the bipartisan Battle Ground poll shows that mitt romney could pull off a victory next week, at the top of the hour well tell you exactly how much of the vote he could get. And also right now, lets go to sandra smith, shes at the cme in chicago, and sandra theres actually trading going on today and of course were following oil and gold and gas closely because of the refineries, shut down due to the hurricane. All of this, what are you hearing . From the Energy Department. Crude oil prices getting a pop right now. And back off near 86 a barrel and while gasoline prices which rose yesterday in anticipation of those refinery closures, theyre sort of flat, going back down in todays session. And the Energy Department saying that u. S. Gasoline supplies, along the u. S. East coast, may sink, charles, to their lowest levels since at least 1990s and those refineries if they cant curb production, some of them shut production altogether and also, charles out, important for traders to keep in mind, Energy Department saying theyre delaying the weekly inventory report and remember, thats usually a market moving event like things for oil and gasoline on wednesday morning and theyre saying it could be published nurse, but that day still depending on the storm damage and charles, at this point, ass