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Happy Monday happy -- Halloween.
My next guest and survive it but that's okay we'll get him that I -- -- -- and did.
Fine fine fine time -- those little cold.
We don't want a little bit in the post Halloween market gone on your -- quite scary -- -- we run about kind of points earlier today and we had some good news believe -- construction spending up ISM numbers up ice and basically -- -- manufacturing sector expanded faster than they anticipated.
Mean the numbers now that you care but they came in at 56 point nine economists were expecting 54 point three that's a big jump actually on the flip side though.
Consumer spending only rose point 2% that means maximum one extra roll toilet paper or something and personal income down.
To be spending a little bit more any personal income down that's not a very good sign what does that mean an engine dipping into your savings to buy.
I don't know what point 2%.
Chemical tell -- that's going to be impaired genes of BS -- We also know of course you know tomorrow's -- big Election Day being Election Day coverage market is already pricing in basically Republican dean.
Wall Street Journal NBC poll showing that.
Pretty much we'll take the house Republicans and -- picking up seats in the senate and that's -- seen in this market right now before I forget.
-- -- that say that the strategy room will be live after a regular programming is our regular from a programming goes to three years -- will still be here at noon eastern.
Three -- -- -- generally in Harris Faulkner come on eight to eleven John Scott is gonna anchor here -- special election night coverage he's gonna have.
Harris will be back Ellen Ratner -- -- -- had dug out.
Chris -- Ellis -- again.
It's a party ballot this year -- got to tune in to -- his armor Don Don hysterical.
Right -- -- -- -- a club president -- financial here with us.
He had quite a Halloween did you not a -- But -- dress up.
I went last minute to my outfits they -- a gladiator Catholic you know -- -- crow yeah.
-- I got home as an extra small excellent put it on that it realizing that you look at the size.
The biggest short mini skirt which I just couldn't live with that with a little sort of I stopped for -- Internet saving Eminem that.
Let's not let this market because -- we get a recap Friday and actually Scott Weber is here.
Former special counsel to Mike -- as -- -- security to talk about what happened with these.
You why you're here that we get taught about the market because the -- -- Do you know anything.
And we saw Ben Willis from -- security from the floor of the exchange say if this you're different time the market would have dropped precipitously but it's almost like we're used to it.
-- we're numb to the fact that Lebanese terror alerts come out and and I also think that the fact that it was on it wasn't on a commercial -- -- I wasn't -- pastor Clint was on after playing so great it would have loosening up it.
I just think people you know even after the -- going back through Christmas Day bomber -- -- people just.
We're so accustomed to the government actually stepping in -- working the attacks and that -- it happened that.
We're not concerned and the fact that the market didn't fall on discovery of two explosive devices.
Blows MI and on a Friday because we don't know what's gonna happen over the weekend that -- -- -- I didn't sell into the weekend.
That kind of scares me because of something got from it does happen this market gets killed.
Because it's not priced in anymore this hair's not priced into the market it was after 9/11 for years it was priced -- -- -- -- I don't think people don't think about it.
And we welcome it really lackadaisical we'll come to terror.
We saw UPS and federal express -- a bit but think level that I mean nothing really happened to them either and it was UPS that was carrying the you know the mail to mail bombs.
And it doesn't -- well -- -- ones up.
Half percent UPS FedEx down -- -- and I'm moving on if you leave it moved on this here news on Friday was goal.
Gold Circuit City closed about fifteen dollars -- so -- -- that is if something does having -- always a safe haven.
After 9/11 -- was the only thing the only asset class and actually went up.
So people still look at gold for that reason and not to harp on -- fact that I -- -- for a long time it's my lord is holding.
But just one more reason why people should have -- their portfolio in case something bad does happen -- god forbid but you do -- I had that protect your portfolio with symbol.
-- -- Al -- whether we get some are saying you know very dramatic things like this could be the biggest week.
Political economically in our history we have big elections on Tuesday.
-- making the decision on quantitative easing on Wednesday and -- jobs report on Friday the latest apple information right but how much of this is pricing -- reading a lot of it is price then.
What if something that comes out that is a wild -- let's say quantitative easing doesn't go as far as we priced -- the big rally that we've seen a lot of -- with the election.
Lot after the fact that we think quantitative easing is coming once again.
So for some reason Republicans that do not do as well as expected that could hurt the market.
Quantitative easing that is they expected -- -- hurt the market if the jobs number is and as good as we think it is and things are improving.
That could hurt the market so if anything you set up right now for the market selloff and I think -- pricing and pretty perfect week.
So we see anything negative we're gonna pull back -- this market's run up quite a bit -- sitting -- multi month highs.
Any bit of negative news you will see a sell off.
Beginning this morning said the market up again to multi month high did believe it kind of drifting lower the majority of the day so we were -- elicited a lot of volatility this week he better be ready.
If you would take a week off and go away not deal with it is the pride that we could just get the heck.
-- to -- is a good one market hit -- highest point it's seen in a very long time the day before big monumental election you've got to believe.
Then you sell on the news gets by rumor sell the -- to see a lot of times that we -- and -- pull back.
If we do -- -- I think this week -- and down but if I didn't put a bet on 5050 bet I think we're down this week I'd probably -- use that as a buying opportunity I still think we're set up really well November typically is a very good month in mid term election years.
A lot of times it.
Yeah average gain for any other month there in midterm election -- but point 6% November the best that 2.2 percent.
A lot of times after election you do get a bit of that selling.
But in the end of the month people realize.
It will -- at times -- midterm elections in that -- Washington DC ten which we're going to probably be.
That it actually is good for the market so.
Lame duck session scares me actually -- make a lot of stupid mistakes and you -- you could potentially have a lot of people Democrats in particular voting on stuff they're not going to be around to sink her well that's true.
Yeah but any.
Would you rather have them.
A lame -- -- have -- all but the power on one side so it's it's a tough call and yet.
I don't think that economic policies being going in -- favor of businesses right now we go either way so.
It's it's kind of like -- best of the worst thing I guess right okay so now yet you still have some -- stressed that.
And the instinct to me that.
It's commodities and retail of all things I know.
It's so -- Edmonton goalie aggressive -- not emerging markets commodities and retail yes -- -- limited is a big Brazilian sugar company.
Sugar is up about 100% in the last six months we've seen a huge demand for.
A big reasons Brazil we've had some really bad weather Brazil over the last six months has sent the prices higher but the man has been increasing.
And even though the production from this -- your company's going to be down a bit because of the bad weather.
With prices so high -- -- have passed a lot of that along and you think prices are so gonna keep going.
I do and -- and I think he.
They -- able to pass this along -- the the retailers and food companies that need the sugar a lot of goes -- that all's well Brazil gets most of their energy from ethanol they don't rely on on -- -- as we do they get it from ethanol SEC demand that's always been a steady coming out of Brazil.
-- -- -- had historic election this weekend that it has female president.
In the steps of old president Lulu so.
Things are good that country you have the sugar aspect of the commodity aspect a weak US dollar helps this -- get it all going fundamentally very cheap.
It's a stock none none needs yes that's the stock yeah okay guys let's -- -- ATF global X copper miners is NE TF.
Basket a copper mining stocks copper top cop makes sense and I said this before I still do not understandable -- I just don't.
But at least -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- When we just had a Chinese numbers come out this weekend they're -- PMI basically saying that the economy is better than we had expected in China that means more demand for copper from all the emerging markets.
We have -- supply demand issue.
The copper miners are being able to pass -- higher prices for every you know it cost so much to the -- -- ground the more you sell affordable moneymaking gross margins go through the roof and what's nice about this this is -- basket of stocks are not investing one right.
42% from Canada.
Fourteen from -- Britain thirteen -- really -- eleven US you have 11%.
Exposure to US.
So does give you some international exposure is exposure emerging markets -- -- and China exposures well.
And if you believe in the fact that.
People are going to use copper in the economies are falling apart the -- -- -- well and again that makes sense to me -- the gold thing does not.
Limited Brands on the other hand makes perfect sense to me because even got no money in buying some bit of.
-- REC advised of the Victoria's Secret is your love let me -- -- whatever you're trying to spice that up.
I try to doesn't work you're going to -- the -- paint store get all -- -- is fabulous agonized ties there.
I don't know my eyes dry fit into the believed tied for the big storm along pink this is -- for teenagers that I shouldn't be wearing that I've only had -- -- the bus.
-- Why is not every high school on the -- and yours truly is -- yes and I didn't show for looking at her but isn't trying to read what's on exactly are now -- you I'm so this is a play on trees holiday spending.
What is the what the big reason I like that -- Bath & Body Works.
That's always my full backing of the day of Christmas indeed in here earlier sit there as you can always going to get like a nice little basket -- but again I'm ready they hand cream.
I would -- great teachers great.
-- mom let it not a girlfriend and that's explained let let me tell you -- about my level I don't think.
It is secret -- the girlfriend this stock broke out to a new multi year high it's consolidating right now I think it is really.
Video stores that will do well at a holiday he had even -- -- times aren't that great they will do well.
-- -- either position great right now so this is with a few retailers that it would actually be out there by now but you your poison to an even though it's for the wrong audience Bath & Body Works come Christmas time.
Is the ball back in you believe anyone it by my girlfriend it is -- -- -- -- Anyway I really thought about your girlfriend that's all I got from the get go from may eventually to have you please -- this if -- But I quickly -- market -- down on Friday.
And down on Friday lower than we are right now yes yes I got I'm -- we now we had 111161.
And you think it's going to be below that on Friday.
Okay -- -- pull back to 108107.
I'm buying into it and I'm not concerned about this we need to pull back we've had one heck of a run -- people back 5% next two weeks.
Great buying opportunities a lot of strong stocks out there right now use this don't chase these high and he got to have averaging about.
-- -- -- financial.
Thank you Limited Brands you know on any of these in no I do not gonna.
So it's easy easy LTD and CO PX series three picks he doesn't own any of them we're gonna take a break we get back we get -- keep talking about.
Homeland Security what's going on and of course these elections were there.
Welcome back at -- I'm Tracy -- it's Monday the Dow is up 43 points it was up a lot more earlier today we were -- -- almost a hundred at one point.
Because the ice and in manufacturing data came in good.
We also -- on the flip side heard that consumer spending is up to the -- personal income is down that -- dipping your savings please don't do that the last thing we need right now.
We get a big week elections tomorrow.
Fed meeting on Wednesday to discuss how much quantitative easing -- basically how much money they going to be dumped into the system it could be anywhere from five billion to a trillion.
It's a big difference if -- asks me.
Little concerning I don't know -- if the jobs number so pretty much as Matt was saying by the end of the week we could have -- very very different.
Market we've been very different state of affairs and now though because of what happened on Friday thank god.
Scott Weber is with us with your good billion -- and I never get right partner pat how a hug that -- I -- Former senior down -- department Homeland Security under mark sheriff.
What's interesting to me look and react to give back -- -- but up until now they select that terrorism was now part of the selection.
Minimal part right I think Andre what -- -- we have the -- surly old memories so when we do we have very short term and this was that the bad guys don't OK yeah purposeful reminder.
Did this was the timing.
Purposeful I think it was al-Qaeda loves times of transition thing about Madrid train bombings in 2000 for a few days before -- national elections.
Gordon Brown took the -- home.
Three days into it becoming prime minister there was attempted bombing on -- Glasgow airport and so times of transition are very very important.
I've talked about this before.
And other programs because the bad guys think that we're mono focused and we are mono focused on mid term elections now so the hope is -- let their guard down as you're focused on whatever.
That the issue of the time it.
Interesting though OK so there were two patches that -- that we know that we know of that were intercepted coming from.
Where -- they -- to Dubai Dubai then to Chicago Germany then Germany dead and UK.
-- -- to Chicago on route to Chicago synagogues in Chicago correct one of them turns out is where Rahm Emanuel educates his kids -- You read -- very good friend of President Obama.
This purposeful it seems to -- Yeah well.
It depends upon what the intent was in and there's a lot of theories going on now based upon the devices -- once we learn more about the devices will have a better idea of the -- you tend to blow the airlines and the airplanes that in the air.
Or for the packages to detonate when they reach their final destination.
Not likely the latter scenario because they weren't designed at least the press reports -- -- that weren't designed to where we opened the package and the package explodes.
One of the one of the improvised explosive devices have a sim -- so -- asked the question.
You're going to detonated from a cell phone you're not gonna get the cell signal in the Arab.
Was it pressure designed explosive device.
Where was at a time are designed explosive device.
Did the UK officials came out early say they believe that the intention was -- the planes have been here.
US officials were lagging behind a little bit I think waiting for the FBI get involved do some analysis they seem to be along with the UK folks that.
You -- I've talked before about.
X ray systems and all this is it working out I mean we caught the packages I guess you could say -- lot of money -- tell -- -- in grammar Rondo not to the X -- that informer who was actually captured by US.
Military folks in Afghanistan in 2001 went to Guantanamo -- Was released in 2007.
Went through the Saudi rehabilitation program that disappeared.
Went back to Yemen to join al-Qaeda in the Arabian -- but then turned himself in a month ago.
Back to Saudi officials apparently is the informer who provided the challenges that we -- it right.
Absent the intelligence.
You know I I often -- about better to be lucky than good -- -- -- where we were lucky and good because.
Intelligence we shared from the Saudi officials to the UK German and United States officials.
Absent that intelligence we likely would not have caught the packages because they were PE TN.
And PT and doesn't have -- medical composition to it so dogs can't pick it up X ray machines can't pick it up the only thing that could pick it up is either the pop from machines.
Where you know when you go to the airport -- -- white sometimes -- what your laptop or your case.
That's what would pick it up.
And when you have literally millions of packages in the stream of commerce in any given day.
How are you going to screen all those packages.
For non metallic explosives it's pretty different but it's that same -- serve machine that when you walk through -- -- -- up Trace amounts correct -- -- because there was much hoopla about these you know people thought they were.
Invasion of privacy in all this yeah it's right but what could not an argument now we need this what.
-- so we've got cargo and then you've got passed and right passenger that it's the advanced imaging technology where you go through the machine you'll get your hands up.
And they see -- blurred vision of the person.
A TSA worker located somewhere else in the airport is gonna look at that.
It needs to see if the person is hiding contraband or explosives on the person that would pick up PDT -- It would pick up it would CP TM but it would pick up some sort of substance that shouldn't be in the underwear greens it's like the underwear bomber right.
The problem is with cargo.
Happier with how tight you have literally dozens to several hundred packages put on a Pallet wrapped up.
It could be stuck some warrants at the -- how are you going to to screen all of that.
And as it stands and -- the current law.
As of August 2010.
All passenger cargo was supposed to -- it's been a 100% world -- about 65% now and cargo is even less.
That's scary it's scary but you have to look at the realities of the international commerce that we currently have.
So we're staying at 35% of the stuff that gets on these cargo plane passenger plane passenger cargo planes is even less okay right so.
Gets it could be anything could be anything.
I think the theory behind it is what would be a more catastrophic event if you had -- a passenger airplanes filled with several hundred people.
The plane exploded near -- -- several hundred lives as opposed to as horrible as it would be.
If -- cargo plane exploded admit there you have it's a small -- terrible tragic but as far as that catastrophic nature -- it.
Less catastrophic as less long after I get that -- I mean in a weird way it makes sense -- but what if the goal as you were saying it was not too.
Blow up mid air with -- blow -- it got to the well once it got the airport or disrupt international trade.
Al-Qaeda which is what this did right al-Qaeda.
Also likes to inflict economic -- think about the World Trade Center was picked on purpose right -- icon.
The US is global strength in the financial markets.
The hope was that an hour at that our economy was going to be disrupted.
In a catastrophic way.
To hear you now have FedEx UPS who have pulled out of Yemen at this point they're suspending all shipments coming -- and what is this gonna do to international commerce is -- gonna disrupt international commerce and cause economic harm.
Al-Qaeda -- death and destruction but also likes economical but it did.
It didn't -- it.
Anything in uses small cost us they're gonna eat beef up their security gonna -- that something could also be passed on to customers actually I mean it's certainly made a point here with actually right where -- -- though now going forward and because -- -- Everything you -- I feel like we're talking behind the eight ball.
Well -- You know it's a good quote in some respects you're behind eight ball -- -- you have people who have dedicated their lives to creating destruction.
-- and that's all they think about 24/7 now fortunately we have folks.
In the counterterrorism.
And law enforcement Homeland Security committees who have also dedicated their lives to try and root out the bad guys.
And fight the bad guys is going to be generational struggle it's not going to and with our generation unfortunately it's not and -- kids' generation.
As long as you have children in remote areas of of the world.
Being educated in the -- in the -- is that the radical fundamentalist ideology.
-- losing those generations so until you can find a way.
From both the military's perspective in our hearts and minds perspective to educate.
Children and prevent them from being radicalized and prevent people in this country from being radicalized they your computer the Internet there's a lot of people were radicalized just -- going on the Internet.
Look at his side.
-- so that's interesting because that's that's the way you -- we tackle this -- to tackle this.
With the education of these kids coming up the ranks not so much as like putting more X racist multiple one of -- you have to with the layered approach right you need to deal with the current threat but then you also need to think several steps ahead.
As -- how do we prevent.
More people from becoming radicalized not just a remote parts of the world.
-- people become radicalized here in the United States you know you had the the the Times Square attempted bombing he had major Hasan.
Who had communications via email with how how -- who's a US born.
Individual who's now over in Yemen and has -- radical cleric whose preaching on the Internet.
This is going to be.
Multi generational you cannot let your guard down because there will always be socio path through gonna look to do on tell me before we go.
The most recent we have -- FBI -- is that true.
We that would do just in the all the laws or the former -- -- okay so.
The informer apparently who turned himself in -- about a month ago.
Was the source for both the information about the attempted plots -- that -- plots in Europe.
As well as putting intelligence authorities on to this particular plot.
Well so he's yes -- he's apparently been working with Saudi officials have provided them with intelligence information.
That -- Saudi partner shared with us shared with the bridge shared with the Germans the federal police -- -- an instance where the system is working -- the sharing of intelligence and we need to Foster those relationships.
And all at all costs because they're very important interesting that we have to -- -- globally and -- home as well absolutely right because we still struggle at home we struggle at home and it's got an unfortunate gonna get worse at home.
We're probably about ten years behind Europe on the radicalization issue.
Polaris at the department in 05 in 06 we are beginning to look at homegrown radicalization.
But -- you had a lot of problems in Europe and now we're seeing more more instances because that right there the Internet makes the world a whole lot smaller.
And if you have somebody who's a little -- in the head and have access to this radicalized information they could rather -- We've become radical yet it's scary but I'm glad junior's.
Scott -- have formed a special counsel that might share -- -- -- get it right.
And Carner and pat bugs and my best -- like -- -- the thank you.
Give her kids -- -- -- take a break we're gonna -- to keep talking about these elections security now is on the on the docket again it's got to be.
-- gathered sixty points will be right back.
Look back at via live -- -- -- -- -- -- gathered sixty points we talked earlier about what's happened in the markets today you got.
Consumer spending up -- had personal income down you manufacturing numbers came in a little bit better than expected actually.
All -- numbers came in good if you break the whole thing down as far as employment inventory orders things like that all good.
Kind of ironic I guess when you have it -- the day before the election -- -- doubt bit market hit.
Highs we haven't seen in a long time the day before election but as.
-- -- said earlier and our previous guests on the show have said.
You're buying and the rumor you don't be surprised the market sells off even if Republicans take both the house and the senate senate is still -- though though.
Don't be surprise and of course Wednesday.
Not really -- -- -- do -- election results would have fun and how much money they're -- back into the system with their quantitative easing.
And and they said it could be anywhere from five billion to a trillion.
Value that the new big discrepancy.
Little little extra debt there.
Tourism is here with us right now founder and chairman of Zimmerman advertising and talk about -- political -- and and it's not about what's going on your home state of Florida.
Every -- every election season they get worse to worse to the point to me where why would anyone in his right mind get involved in this system.
Yeah I think it's a great question Tracy and I gotta say that.
You know you really have to ask yourself because everybody has something in -- closet.
And it is -- about the platforms any longer to really about what kind of -- -- can I dig up on you but what can I make up to put on to the air to get somebody to.
Not consider voting for you went to consider voting for me you know we have to go on record now take.
We must outlaw mudslinging.
They -- do that they they have to their house feel lost -- you know there are ways that you don't political advertising on television that's the approved just like network advertising answer your group.
Approve it all safer now on networks no more mudslinging cancel it and make them stand cool platform what are they going to do for our country.
What are they gonna do for the people of our country what are they gonna do in this state and local government.
But we saw over the weekend and accidents trying to find the details -- -- talking now there was a phone call that was caught.
And it was a reporter on the air saying let's see we can try to find -- Tom -- in the audience let's see we could try to find back.
All these -- people in the audience and making getting out there and saying he's the kind of people that come to you know tonight support.
So where now we have the media doing this.
Meaning -- so much that.
Candidates listen what were all citizens we want to know what those.
Politicians or candidates are going to do for -- left -- I was -- we talked about.
-- career politicians they should not be a light that you live in politics.
What a businessmen and businesswomen represent our country and our local governments in politics today and again make them have platforms that are useful platforms.
For your family from my planet and for the families that are out there.
But I mean we did talk about this term limits talk about -- back in the day when our forefathers wrote the constitution they had no anticipation of people being career politicians.
Add some business knowledge to this economy could -- we need right now what you know when we looked at our last election and you know we -- the President Obama last time we talked about change.
But we didn't talk about Mitt Romney.
And we didn't talk about what Mitt Romney did in Massachusetts when he took over the governorship up there in a democratic state as a Republican.
I wouldn't talk that he didn't raise -- what he did was he read he didn't reduce that's what he did was he reduced government and pretty interesting.
He went in there with a 2.5 billion dollar deficit and said you know I have a problem what am I gonna do the people can't afford -- -- any more -- Regular politicians would have just done that there ought to raise taxes they went in there and cut government in a big way.
And little did you know four years later.
They don't 715.
Million dollar surplus so I applaud Mitt Romney and that's the kind of Korea -- that the kind of businessman that we need.
Leading our government today.
He's not getting high high scores -- for health care but right that being said then you got some unlike.
-- -- stated Jersey Governor -- recent past and the worst days he's being demonized by bit I mean.
Call them what you will but the likes of Paul Krugman and -- absolutely Ray LaHood.
Building the tunnel to nowhere because our state cannot afford to build a new tunnel between York -- New Jersey we just can't afford it.
-- -- I think is -- Yes absolutely and I listen I told -- I applaud him I think he is probably the best governor in the United States today.
Because he's got the -- but to stand out there and make something happen he stands up against a school.
What I think they need to do with the schools.
If I think they also need to incentivized the teachers today by paying them on the bottom line of every school -- now every single school that's out there and tell the teachers.
You believe don't leave the -- -- can affect your bonus at the end of the year.
Don't throw away the books because it can affect your bonus at the end of the year make sure you turn the -- off -- -- -- -- -- -- -- -- -- -- -- Schools like we run our businesses today and that's what we're missing in the industry and that's what missing and our public school -- that's an -- that's actually really interesting way to look at it.
And then you and I also talked about.
Potentially even using solar by some of these schools right and you know if you look at solar.
There's no need new agreements -- every state in the country what we need to do was we need to reactivate those net -- agreements by talking to our.
Power companies in the -- -- think that a power company.
What kind of a paid back in our net -- agreement really do -- other words if we're paying extra kilowatt hour we don't want -- percent of that back we wanna get 75 or 85% of that back so that this school systems -- offer of money to go out.
For what think about this.
So we compared teaches what they rightfully deserve to know -- anymore.
What we -- do is we can -- -- this teaches at the same time with what I just spoke about what we can also give our children the proper curriculums that they need and most importantly.
Every student deserves to have.
A laptop we worked on and every single day why don't this students album.
A great OK so wait so we're done and I'm putting solar panels on schools basically.
Yes and then you could sell that energy absolutely you -- -- back -- -- in that meeting agreement.
You sell back to the power company and the power company resells it how many states how many times -- New York do we need more energy over the summer so they have.
Blackouts you know what I learned recently there's university near me William Paterson.
Put up one of those.
It's like putting drives they parked underneath the -- on top right but I still make money and and that's really what we need to do.
If you look at what's happening out there that we're not thinking like businessmen and businesswomen were acting like government officials and we think it's an analyst call for it reminds me of -- it reminds me of General Motors.
Well during the during its old regime how they they thought they would never go out of business should be unions then -- -- The union should be controlled I think that the place in our country for unions but they should be under control they shouldn't have the power and -- that they have today because they do.
Even though membership is down in all union's membership is drastically down the -- still hold.
Such a political punch that you have a president who panders to them and I we've been you don't -- membership is down -- the people are finally understanding.
That -- if they're not good for our country.
No union that is a controlled union that is for the people and that is governing to make sure the company is profitable but the people are taking care of that they have cal health -- and so on his good.
But the unions we have are not good unions look at all if you go all throughout our country today and you look at all the look at what local municipalities you look at our local bonds.
They scare the heck out of -- -- now behind their fatalities have huge exposure so I gotta tell you that we need to make sure not even on.
I just a localized basis but a reason -- -- in the statewide basis -- our great state of Florida.
That we put the proper people of opposite can make these tough decision let's talk about local governments and now you're from Florida Florida -- a mess yes.
Do you think Florida will institute -- state tax.
No I don't.
I don't think that you know the state that's what I do think they're going to do as I think they're gonna -- government we have to business.
People running for office one is Alex -- And what is Rick Scott okay ball granted.
Big companies valid threat was in the banking industry -- was in the healthcare industry and both of -- -- government -- that the only way.
To be able to save money for the state and -- to make this state whole again if that actually cut.
Okay it's the same thing we just spoke about it and how NASA story that's a federal story that's this stuff is common thread through this and I don't know without why doesn't anybody -- I don't know OK let's Charlie Crist and down on what -- trying to run for -- right now.
We know when he's running against Marco Rubio -- not Kendrick Meek.
Now -- is the Democrat rubio is a Republican and trolleys running as an independent and he -- platforms that he wants to take the Washington DC.
To get done so that our great state -- it once again be profitable.
But he's tried doing the right think this giant come -- -- on the Republican to the end and then all of a sudden decided he was good and take this middle road and essentially split the -- That is the I gotta tell you that is a great question and think about it.
I think what people are tired out.
Is Republicans and Democrats and the Republicans and Democrats that are running are stuck in these -- saying if you don't -- -- the Democratic Party tells you to do then.
We're not gonna take care -- you -- if you don't do what the Republican Party tell you to do we're -- -- take care of realistic candidate at the end of the day.
The independent party is taking care of you when I'm -- looking at the people when they're saying what do the people need.
I gotta tell you that why don't the politicians.
Talk to their neighbors when they go to the street one -- it really find out what the needs of the people are today and answer those.
The because doing that you maybe getting content good restaurants and riding on pollution they're playing you know that -- but here's the thing now are we looking at a third party potentially absolutely.
The rise in the third party I I I like he's a -- conservative and socially liberal and I think the way it is I mean that's the world we live in do we want to have a a middle class again.
Right yeah -- saying don't want little -- no money in America.
Made America how do we have a middle class act so we add third party to bring back the middle class right and we need a third party that is independent and that is the people's party.
-- a magical thing the people's party.
Examine near the people's party you come back darn it.
Jordan chairman founder and chairman of Zimmerman advertising actually read your blog what's it what's your blog you sleep when you -- dot com.
I'm now we get -- -- a break we'll be right back during a great.
Welcome back at -- -- live -- Tracy -- -- -- 54 points.
It's kind of linger in there now.
Again we were up -- hundred points earlier we had some decent manufacturing numbers but consumer spending is still pretty pathetic personal income even more -- And -- asking about whether or not I see that what Mike Cook my answers are to this problem.
-- I Agassi here and but behind.
And then I go -- and read my three kids I got nothing I would I would never go near the political round -- getting an answer may be our next guest well.
John I feel this year found nutrition market dot com and as I was saying to John you're buying you know -- the -- tin.
-- -- -- Professional football.
The -- Jimmy eat but not just the WB.
-- for a total stands twentieth double crowned champ tenth Grand Slam champ and you can see into which you don't get enough credit for the -- be treated to the troops.
You win of the bulls you're about to do Mount Everest you're commentator ever and that may -- -- -- And it isn't president saying he's lithium back.
It's just it's very eclectic group the right approach here has.
Well look why -- why you're here and I begin with the people is that you.
It's clear small business got exactly have been my whole life right right down -- Texas yet -- the heart of America.
And that it is anything getting better.
You don't -- is kind of a bubble they may never had a big real estate boom so they didn't have the bus to either Texas won a few states that fully funded with their pensions the -- and have a bit of a problem going for the deficit.
But the rainy day fund is completely funded it's for the best state of the union right now so why are we learning from Texas no -- tax.
No state -- and yet they have tons of business coming tons of business.
They have 30% of electricity analysis from renewable energy.
In west Texas -- the reasons is because the her cart grid is basically a Texas grid so the transmission lines that need to be built you don't have to rely on the federal government.
The state of Texas did it which is something the federal government should do for instance T.
Boone Pickens has 667 wind turbines you want to put up.
He couldn't get it funded the transmission line.
That's something bigger mention about the government just that if it were funnier transmission line won't charge you transmission fees so called the taxpayers absolutely zero.
And you create thirteen thousand jobs instead of investing in anything that says green invest in companies like Boone Pickens that can build a company.
Just need transmission lines.
And the taxpayer get stuck with no bill.
But while California is they.
Example of what not to do I think Texas is superb example what we should be doing yet and yet we're not this isn't trance it's not transferring to the other 48 states.
No it's not you look at their error problem that we have right now Chinese China controls about 95% of -- productions even though they only have 35% of the wearers.
In 2002 the mountain pass mine in California was shut down due to environmental concerns -- and that's when you drove all the -- -- over overseas.
This a matter of national security Samaria -- made into -- and cobalt which is one of the few.
The only have to really -- -- Federer better imported as wall materials -- panel.
Which is used to make heavy crude -- sweet crude and Samaria which is used in things like the M one A one tank that.
Now trying to control that -- put a 70% cut in exports that they they don't know right now but that's up in the air.
Mountain pass can produce everything the United States needs but the calls of the environmental laws -- -- restrictions which can be good but it's obviously swung too far.
It's been shut down its being reopened now but they need the funding it's something the government should step in to do and back.
Up the loans don't -- the company -- -- -- loans and it won't cost the taxpayer anything what what some.
What are they doing right this government right now because it seems to me that they halted business and you as a small business guy you I know you felt it.
Oh there's no doubt about that it still Jefferson Hamilton argument you know you you wanna find somebody that the public -- more.
And they hate you.
Therefore they must love you -- the administration comes in.
There's never been very divisive very anti business so they eternal everybody they turn on the credit card companies so the credit card companies with -- credit to a two and a half trillion credit Larry.
Have been withdrawn for small businesses small business can't get credit.
The eagle after business then you go after Wall Street and you go after the wealthy and what you've done -- -- killed business investment -- the United States because.
Businesses are not going to invest in long -- assets like factories R&D facilities.
They don't know what the regulations going to be they don't know the tax structure is going to be in so -- all this uncertainty that this administration has created toward business.
There's just no investment that.
-- this money from the sideline right now.
32 million dollars in person on who that knows more how much between.
These -- funds and hedge funds -- riding on the sun basically waiting for Tuesday.
Right they can't get -- -- -- you know I know we put so much weight into Tuesday I do believe that we've run up because of it -- in anticipation of the wind.
-- -- our problem actually not you know.
Here's the problem Republicans screwed Utley got kicked out yeah you're right -- Democrats are screwed up another -- if you've got and we put back in I think all business won't -- certainly.
And I think what their thinking is that if the Republicans will get back in charge at least some certainly will come these tax.
If these tax.
Raise increase decrease is a big deal to these companies if -- -- Extended the dividend tax and it goes up to 39%.
You've killed the stock market -- and you've got to have some certainty.
With these businesses I think that's what we're seeing what the stock market if it is indeed a political rally.
Is that finally they believe they're gonna get -- certainly not that the root for the Republicans I think there's room for certainty we.
Room for a district that -- -- because nobody knows where to go let's talk about nutrition market.
It is it it's a tough industry you're in it's a very competitive industry.
When it happened hasn't gone what's the future that right now -- nutrition -- are probably have about 4000 products we offer up to 50% off your your health food stores.
It's just a tough market the consumer is not spending much money right they'll -- other multi vitamins which is basically commodity but they're not buying their protein -- they're not buying their.
Their weight loss products they figure move his feet left instead of going after something that.
Kim Kardashian will will advertise.
They think you don't want a mystery that's because you force of people -- the wallets it's a tough market right now I would think for supplements and to pick -- as you're saying.
First data can be 3540 -- for it right you know a big barrel.
I think just do powdered milk and give protein it probably similar right right that's what people are seen.
That's what we're seeing across the board we're known for we're doing well -- the we have the lowest prices on the web and nutrition market dot com.
And we -- the same products that are -- they'll sauber were just a lot cheaper.
It's just the consumer is tightening significantly and -- only by monetize that they need Daly City here and you had to cut prices are lay people off or done anything like that to keep a gun no thank goodness we've we've never increased overhead.
We were any portal.
And so we don't have to have a problem with laying off people during tough obstacles are overhead is so small because what is -- -- vehement tortoise -- make this much money would have to we're been mature.
But -- on the flip side you're involved in the and then they were on the mixed martial arts world and that's linked to the moon and on fire it's unbelievable what's that.
You you have the perfect scenario boxing got ruined with Bob Arum and Don King -- got so crooked.
-- now you're starting to see people love field.
Bare knuckle fighting which is what you're seeing they've made it safer -- people are not getting hurt people -- not you know nobody's dying from it.
Oh they got they got -- what are you saw a lot of well yeah.
You know you have -- -- hold if -- were the greatest champions of all time has a hard time but defendants together right now but even in the beginning and mixed martial arts was scary.
Yet they bring that back as well too because that was just think they sell that back where they made it more human just yet for -- -- started to enjoy a lot more.
And though the big thing about mixed martial arts -- -- -- the UFC is so unbelievable job if he's getting fighters from all over the world.
So you're increasing your pay per view base significantly got -- from England to get arms from Asia he does silence from Mongolia from South America the Brazilian jujitsu fighters are just phenomenal.
Now once you have people get used to buying.
Pay per views over the Internet.
Now you're gonna increase your market and probably ten to twenty times and not have to cut out half the revenue to the cable company.
So now you can sell -- paper view fight directly over the Internet to India.
And say we're still charging dynamic top whatever they wanna charge.
And open up a billion dollar market -- right now yeah.
-- a cable company out -- the cable company out completely right now you have basically pay per view market in North America you have one in England some in Japan is somehow straight.
The Internet becomes -- people come educated.
To buying content over the Internet to watch these five -- they wanna see you there great Chinese fighter fight against great Brock Lesnar from the United States.
They go on the Internet -- don't -- -- C dot com.
Any increase your revenue expedition.
So it's mostly on the web so what you are commentator was mostly of the future I think -- -- force profitability right now it's mainly to pay per view provider they do some web business it's not a significant portion so where can't so you are -- -- for the type of fight week.
Yes Angel investors well.
Yes sort of so -- how and what's that.
We have just local fights we don't have paper -- we're like anybody trying to.
Trying to make it -- you look at Texas yeah it's stuff -- you have a lot of local fights like -- Problem is Dana -- is so good and that when he sees great fighter he despise him up.
What has been ended with wrestling years ago when you see a great restaurant the whole -- who was with but got his company Minnesota.
He buys -- -- creates.
Worldwide fame for a whole Kobe and -- -- -- with -- until we got -- took about -- millions -- fully wrapped what do you think Linda -- chances -- I don't think they're very good I wish they were.
I think Blumenthal justice sleaze ball politician I know I'm really surprised actually that it hasn't and so you know he -- lot of his crew here on fabrication that he was in -- Vietnam vet.
I don't know why people have not.
Turned against him more.
Do you think she's it don't hold the -- anything is hurting her I think that that have to Vietnam wars that your negative campaign against the -- not against her right here's a lady who grew up with not -- money and ran a billion dollar company.
I think she's very qualified to be a senator wish she would get elected -- that you do a wonderful job.
But for some reason Blumenthal is able to -- that lead and unfortunately -- the polls are wrong looks like she might you be tomorrow I have to let you go but this week.
Got a lot going on this week I -- -- invested in it what do you think had -- we -- Friday down.
-- -- a -- -- -- after we figure out we know the Republicans is well placed in quantitative easing the Republican win.
Potentially Iran jobs number on Friday I can't see that it's not quantity to me is not a video interest rates can't go much lower.
And you make in the divide between rich and poor even greater because the people -- want to refinance don't have to refinance and people who depend on income like old people.
Cannot yield anymore and irregular -- -- bigger.
And you can only drive interest rates down so far.
I don't think what -- be easing is a big deal.
I cannot see that the market is not fully priced in right now.
I I you -- as far as what's happened Friday I don't know I don't think anybody does.
I can't see it going much higher from here but I didn't see go in this I think the jobs were still -- 10% unemployment.
What quantitative easing is not going to be a big deal and we have structural problems with this country right now as far as debt.
-- like Brazil who has no debt low unemployment.
We have huge amounts of debt high unemployment in problems politically I can't see this market.
Going up appreciable -- -- here.
I think you should run for office.
And then on the Asian check out his website nutrition market dot com can -- what can we watch the might replace redone the web not yet I would get there.
Welcome back -- tell us -- John Layfield you're awesome thanks -- -- -- to graduation ownership interest.
-- -- -- -- -- -- Welcome back -- in life.
Show -- -- tackled everything today among fire.
Want to know more about Anna -- stuff that we're gonna do more on that could there's some going on their man it is like this crazy hot underground thing.
And -- -- -- -- -- -- -- see fights live you name it not to mention of course as John descending get on the web Melissa about travel now because dean.
20 how I say turn to worry they did -- right -- -- travel editor is where this right now.
As Chicago's union thinks some interview unless it's that time year people -- start a book I know I actually just said the other day I get a book trips.
When is the best time to do this.
Well it's actually late if you haven't but your Thanksgiving travel or -- the four week mark.
Now for Thanksgiving weekend.
And you know the closer you get to Thanksgiving this year the more you're gonna pay the fact is that the airlines have reduced capacity they -- -- added on this holiday peak -- -- -- -- out.
Travelers to making they will you be waiting for a last minute dealer -- not gonna see -- this here.
So what about I mean is the Christmas Chanukah whatever at December season and I too early for that.
Not too late but it's important to book now for Christmas as well it's the same situation -- have reduced capacity.
Though one benefit to traveling over Christmas is that it's a little bit more spread out when people travel Thanksgiving weekend -- such a compact travel weekend.
With -- when traveling on the same three or four days with Christmas and New -- it's a little bit more spread out in terms -- when people are traveling so you don't have everyone traveling on one or two days okay so let's talk quickly about the costs of these airlines -- it's.
Have they gone up that much.
We we have seen ticket prices go up slightly up from last year -- -- -- traveling -- not gonna see a significant difference really you can save by traveling on the off peak days so over Thanksgiving for example everyone's going to be traveling on Wednesday the day before Thanksgiving.
Avoiding that day and the Sunday coming back.
It's gonna say he if you dollars and -- better experience at the airports -- traveling -- off the day's travel on Thanksgiving morning he can come back on Monday.
And over Christmas where we're seeing more expensive gays are the 23.
And the 26.
Right around Christmas so traveling on Christmas Eve and Christmas Day you're gonna benefit by saving some dollars and you're gonna see less crowds at the airport there as well yeah I have a friend thousands -- every Christmas mornings since genius it's easy nobody bothers them.
I never know how -- advantage was to book is many times they'll say if you book too far in advance you don't get the best deal.
They needed to close -- your eat the prices go up so where's the sweet spot.
Well -- the holidays in the sweet spot is about being -- -- like I said.
If you have a budget Thanksgiving take -- you should be on that because -- only gonna see prices go up from here and really the same goes for Christmas as well with the reduced capacity that's really key is that means less planes and so those planes are gonna get full faster and that you know it's a matter of supply and demand the less seats that are on that plane and more the airlines are gonna charge for -- seats -- the holidays a bit different than just traveling any other time of the year thinking you have such from the do you they have president's weekend coming up you have -- people kids get February break then you have the Easter and spring break.
Should you be looking on that now I don't.
-- should be at least looking and seeing what prices are especially for those holiday weekend ladies and I'll pay weakened president's weekend spring break.
Those are those peak travel times when we see a high volume of travelers over a small amount of time.
That's not to say they're not gonna see fare sales between now and then it's just really hard to tell.
What what you should do as a traveler is sign up for services like on -- we have a deal detector where you can sign that you can put in the -- you wanna travel the parameters how much you wanna -- we'll actually go back and check -- for -- -- -- you -- -- had this certain price so.
They're programs out there and there's also things like price assurance -- -- has.
They can help you if you're looking farther out said the you know I am not going to be painted mine that's actually very cool I -- you get like quickly -- they know and I'm intent on that disk.
Any kids we need to know traveling this holiday season I know it's -- BZ security now is gonna be in -- because of what's going on.
-- -- need passports.
Three forms of identification what do I need this time.
Well and there's a new program called secure flight it's actually being implemented starting today November 1.
And it shouldn't affect travelers too much -- -- -- -- it's important is the -- -- you're gonna first see when you book your travel.
He asked for additional information your full name including a middle initial as it's printed on I -- you're gonna show at the airport.
Again here in your birthday know what's important is to make sure we had input that information.
It is exactly at a -- on the I hear gonna show at the airport because they're doing behind the scenes checking to make sure.
That everyone's information is correct now says if you don't want to get held up at the airport is make sure that you're emperor in putting that.
Secure flight information correctly when you book your flight.
Meantime a jury -- senior travel editor check out Orbitz dot com for more tips I'm sure do you mean right this -- -- stuff there.
And I know I'm certainly have a sign up for those email alerts.
Second book myself some flights could I think it's -- no matter what -- when I've been airlines late teens -- an interview unless.
Market is down 37 points right now.
Overseas markets closing a lot going on.
We have quantitative easing coming on Wednesday it jobs on Friday of course tomorrow we will be here election coverage all day long.
And and -- tell you that from 34 you -- to an alien welcome Harris Faulkner.
Nine to eleven John Scott will be here.
Special elect election night coverage -- not gonna wanna miss it and he's gonna have a ton of people here -- and again like I said Ellis is a party -- attention -- It's going to be awesome we'll see -- --
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