tv Countdown to the Closing Bell With Liz Claman FOX Business November 2, 2015 3:00pm-4:01pm EST
words in it. trish: trump tweeted at him, oliver and his people called to ask me on his very boring and low-rated show. i said, no thanks. waste of time and energy. well, then the show responded. couple of points, one, yes, we have a boring show and, two, at no point did we invite donald trump to appear on it. [laughter] a little self-depracation goes a long way. liz, over to you. of. liz: okay. we definitely do not have a boring show. the first day of trading in a new month picking up exactly where the last month left up -- off, and that's to the upside. we're up 153 points. but tensions very high outside the chicago mercantile exchange today. take a look at this, protesters blocking all the entrances, chanting, singing, but most of all demanding a sales tax on all trades at the chicago board of trade, the chicago merc and the chicago board options exchange
to help close the state's budget shortfall. jeff flock live in the middle of the action, he will bring us up to speed on the so-called lasalle street demands. the protest comes the same day president obama signs a two-year budget deal with no time to spare. the government was set to run out of money tomorrow. the budget raises the debt limit through march of 2017, and it also puts our government debt on track to rise to nearly $20 trillion before president obama leaves office. that topic is sure to come up in the next republican debate scheduled for a week from tomorrow right here on fox business, of course. we've got an all-star lineup to discuss it all. former white house press secretary dana perino on the message candidates on both sides of the aisle should be pounding between now and next tuesday, and former governors judd gregg and mark parkinson tell us why we should look to history before judges some of these candidates.
be all that plus the chipotle e. coli scare and the royals sporting their crowns as the new world series champs. we're less than an hour to the closing bell. we've got a rally on our hands, so let's start the "countdown." ♪ ♪ liz: we need to get to the market-breaking news first. all three major u.s. indices snapping a two-day losing streak. the big winner today, energy, continuing its rally from friday x that is propelling what you see on the screen. the s&p 500 with a nice gain, up 24 points, and the dow up 156. but look at the nasd gains here with a great move to the upside of 72 points. breaking news, though, as we look at the energy stocks, we've got apache, bp, conocophillips, but chevron the biggest gainer, up 4%. we need to get to chicago. we begin with the protesters at the gates.
police now, at this hour, working to figure out what to do if what happened in chicago today flares up again. fifteen arrested outside the chicago mercantile exchange over just the last two hours. this crowd on your screen here began forming and then circling the cme where everything from soybean futures to derivatives are traded. the crowd's demand? attacks on traders -- on traders -- a tax on traders. emotions running very high. jeff flock rushed to the scene as soon as the news began breaking. he's live outside the cme where the crowds have thinned, but the story is still strong, jeff. >> reporter: we knew this was going to happen, liz, we knew a protest was going to happen but no idea it was going to be as big as it was here at the historic chicago board of trade building. indeed, that's what they want. and that's why we asked scott shellady to come over here with us. they say a tax on the trades here, a minimal tax, a nickel.
what's that going to hurt you? i'll be the protester, you be the 1%. tell me why that would hurt you. >> well, if your exchange fees are four cents today and you want to make them nine cents? do the math on that percentage increase, number one. number two -- >> reporter: nickels and dimes, that's a nickel and a couple of dimes. >> look at the percentage increase. we talk about the percentage increase on oil -- >> reporter: forcing you out? >> this exchange is almost 100% electronic. all it is is loading software up on buses and big trucks and moving it someplace else. but why? let me ask you this, why are you asking the traders to pay for decades of democratic legislature mismanagement? why is it our fault? >> reporter: totally true. >> they run the state into the ground, and you want to come to us to bail you out? >> reporter: but we're in a hole, and you don't pay any other taxes, right? >> the exchange pays a ton of tax. number two, i as a trader -- because i take risk -- i pay
capital gains tax. >> reporter: but you don't pay a specific tax on each trade that you do. >> if you don't make money, you don't pay tax. >> >> reporter: if i bought something at the store across the street, i would have to pay tax. shouldn't you have to -- >> so the lovely suit that you have on after it went down in price after you bought it, would you have to pay tax on the cheaper suit today? so you're buying something and consuming it. we're going in and out of the market providing liquidity. >> reporter: taking the risk. >> that's -- you don't want to tax people that are providing liquidity. >> reporter: you agree we've got a serious budget shortfall in illinois, and you live in illinois. >> no, i don't. >> reporter: that's right. you moved to indiana. >> i voted with my feet, number one. number two, decades of democratic mismanagement as far as the legislature goes has to stop somewhere, and that's why we've got this problem between a republican governor and a democratic state. >> reporter: how are we going to straighten this out? >> there's no easy answer, it would have been done four or
five months ago. >> reporter: okay. maybe we should tax you guys. >> that's the easiest answer, but the buck's got to stop somewhere. a big corporation could be the ugly thing that people go after, but at the end of the day, it's the people they kept punting in office for -- putting in decades that have caused the problem. >> reporter: i think both sides would agree on that point. scott shellady, appreciate it. liz, it was an extraordinary day. i'll tell ya, you know, didn't expect this was going to happen. the frustration is boiling over here in illinois, and i don't know where it goes from here. we're hearing about another protest right here in december. we'll continue to watch it, liz. liz: can you do me a favor, you and jeff -- you and scott stay right there, because i want to bring in a trader who's on the inside of the building, alan snuckman. i think it's very interesting for both of you guys to experience what happened today and see. i think there's a little bit of a misnomer. people think you guys are multi,
multimillionaires. i've covered traders for a long time, alan. i'm thinking perhaps the protesters are slightly misguided. we understand their concern and their anger, but tell me what you would say to them if you were in front of them. >> well, it's very easy to attack capitalism. but, you know, you've got to understand what we've been through as traders here, for every one trader that is successful, there are nine guys that aren't. so it's a very, very difficult business. and it's gotten more difficult with technology. and this illustrates the problem that we have. now we don't have floor traders like we used to, now we trade electronically. that can easily move anywhere tomorrow. so there is no, you know, physical exchange needed in this technology world that we have today. so to punish the exchange, you know, the exchange just moves elsewhere. so it doesn't solve any problems. i do agree with scott on a lot of his points, and you know me, i don't agree with scott very often. it's misguided anger at this point. we have a political problem, and, you know, the financial
markets are not going to solve that. even though there are 40 countries that do have financial transaction tax. liz: in a way, i find it fascinating because it's almost reflecting what's going on at the federal level. phil flynn, we're looking at a budget in chicago that doesn't really exist right now, and nobody's talking about cutting the spending versus just instituting a tax on the cme which -- and we're trying not to be biased here, but the cme actually creates jobs, phil. >> they do. and that's the big issue. that's what the people are not realizing here. and we do have a governor that's trying to cut spending, and that's why we have this budget impasse that we haven't had for five years. was a lot of -- because a lot of the people in down state illinois don't want to give up, you know, all of their perks. and that's what it comes down to. the other thing, too, that i feel bad for the monday morning, you know, protesters because they've been fed a line of garbage really.
and they don't realize while they're out here protesting the guys here in illinois that the other people in, you know, downstate springfield are the ones that caused the problem. and i'll feel you this -- i'll tell you this, you want to tax the cme and other businesses for fiscal mismanagement? guess what, there's states all around here that are asking for our business. illinois -- indiana is running ads on the radio every day, bring your business to indiana. liz: we've heard those. >> we have a budget surplus, our taxes are lower. all you businesses in illinois that are annoyed, come to indiana, come to wisconsin. and guess what? businesses are starting to to listen. liz: but what they would get is tax abatements, they get tax cuts and i think quickly, alan, before we go, that was one of the complaints of the protesters that the bigger corporations tend to always get those tax cuts and those promises versus the people who are really waiting for better education, better schools and better services. so i think that it's going to not go away. this is going to be a continuing issue.
>> yeah. liz: alan? >> that is the battle. corporate welfare versus social welfare, you know? there should be a balance, and some people don't see that, see it's weighted to one side or the other. that's the difficult with poll tibs. liz: -- politics. liz: jeff, you ran over there really fast. what was that like? >> reporter: it was an extraordinary day, it really was. ellie called and said you better get over here, there's stuff going on. we can't get out of this building. and that was the headline to me today is they were really serious. they blocked all the entrances. i mean, there's a lot of frustration in this state, and it is boiling over. liz: but it was peaceful, and it's democracy, and that's the good news certainly. >> reporter: that is correct. what i loved about it is we had people on the street as we were reporting live, phil flynn was out there talking to the protesters and sharing back and forth, and i said, this is america. we're standing on a street corner, we have different viewpoints, and we're all being heard. liz: that was a great moment. yeah, and fox business, it
appeared to me, was the one business network telling both sides of the story, and they were in there thanks to you. >> reporter: only one. liz: we were the only business network. we do that. that's what we're trying to do for everybody, is tell that story. jeff, alan, scott, phil, we do appreciate you bringing us the story right there. very important perspective. closing bell, we're 50 minutes away. kansas city, the king of queens after a dramatic extra-innings p victory in the world series. the latest on the royal victory and the coronation to come! >> and, you know, back to these protests, are those protests outside the cme a sign of things to come? former white house press secretary dana perino with pointed, important focus and observation. she is next on "countdown," you must hear what she has to say. ♪ ♪
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♪ ♪ liz: 45 minutes before the closing bell rings. wearable camera maker gopro sinking to an all-time low earlier today of $24.30. what happened? something happened last week, disappointing earnings and the follow through there. hewlett-packard does splits, hpe for enterprise and hpq for hewlett-packard taking to the market in their first day of
trade since splitting over the weekend. we have hewlett-packard hpq up about 13%, enterprise pretty much flat. lowe's reporting a nearly 13% drop this profit. the stock still up about 3%, but look at valiant. earlier it hit a two-year low but is now up seven and two-thirds percent. this morning the pharma giant continued its plunge over allegations of inappropriate tie toes with a specialty pharmacy, phil door, but has come back after a short seller came back and said i don't have a blockbuster report today that will further pound it down. so the stock looks like it's recovering a bit. now, let's get to what appears to be recovering, the budget. with the budget in the books, the white house will be working with a new partner in order to pass be major legislation that affects the economy, the nation and you. new house speaker paul ryan says he wants to work with the administration and the senate on tax reform and reducing the budget.
but he has also said immigration reform off the table under president obama, it's just not going to happen. here to tell us, though, how the white house -- if the white house will work with its new partner with a history of bipartisan deal making is former white house press secretary dana perino. great to have you. >> i'm glad to be on. my debut. liz: countdown to the closing bell, and we're thrilled you're here, because you have been a real expert at figuring out the way forward which is the title of ryan's book, needless to say. does he work with the white house? will it work? are you hopeful that we'll see some bridge-building on important issues? >> i think there's a few things. one, i am so pleased that paul ryan has decided to take the mantle, run for the speakership and, i think, earn the trust of his colleagues. this is a guy who even from very beginning when he first ran for congress, he didn't seek the office. he actually was recruited into it. again, pushed into the vice presidential candidacy when romney came to him. and then he was very happy as chairman of the ways and means committee.
he really likes the policy side of things. his book is called "the way forward," and i think that president obama could find a good partner here. there's a couple of reasons why. one, if you look at the trade promotion authority package, he couldn't get that passed with just the democratic majority -- minority, so they had to have some republican support. they actually ended up with a lot of republican support, and part of that was because paul ryan was able to be per twicive with -- persuasive with his colleagues. he also worked with democrats to get the budget passed last time. it doesn't always please the people on the right, but he works with patty murray, the democrat from washington state, and they actually were able to get it together. liz: well, his theory was we both realized we weren't going for touchdowns, we were going for first downs. so you can get closer together. what matters to our viewers is the tax code. maybe loring the corporate tax -- lowering the corporate tax rate, for example. president obama wanted it lowered to 28%, paul ryan wanted it 25%.
i mean, this is easy. why can't we get that together? >> you would think reasonable people could come to that, but i think, actually, the republicans would be more willing to do so than democrats, but here's the truth. i think they could get some yardage gained this year, but i don't think anything will pass. it's very difficult to pass major, big legislation like that in the last year before a presidential election because both the republican and the democratic nominee, they're going to have to be talking about tax reform, and they will want to take mare that -- make that their signature proposal. liz: if you were trying to guide the democrats, what would you say to say, look, you're not going to get everything, but you are going to get something. what's the best way to achieve that with paul ryan? >> if i were president obama and his team, i would actually try to ask paul ryan to come to the white house, i would ask his wife and his children because now paul ryan is raising children in the public eye as well. the president and mrs. obama know something about that. it's really important they establish some sort of personal relationship.
the white house about 18 months ago said they were going to do this, and they had, basically, some half measures where they tried to have some dinners. there's no sustainable measure from the white house on that part. but i think paul ryan is, he's principled, and he's polite, and he's really fun to be around. so i think the president would actually enjoy his company. liz: yeah. well, we shall see, and it is perhaps the way forward. >> i encourage people to read the book. it's interesting to see how he was brought up and how he decided to take that policy direction in his life. liz: it's important to look at, and the earned income tax credit is something that the two sides -- >> if there's anybody that could get a deal done on taxes, it's probably paul ryan. liz: that, welcome to the program. the first of many, we hope. >> thanks for having me. liz: and you can see dana each and every day, 5 p.m. eastern, on "the five" on fox news channel. and make sure to et your calendars for november 10th, and i know dana ispublican presidene right here on fox business. trish, sandra, maria and neil are hosting all the candidates
in a debate that will be focused, we promise, on economic and business issues that you care most about. thanks, dana. forty minutes before the closing bell rings. a freeze on burrito bowls? a public health scare as chipotle, right at this hour s fighting an outbreak by shutting down dozens of stores. are customers really that worried elsewhere? >> kind of scary when you're eating out, because you don't -- if you know behind the scenes, it's scary, and that makes me think twice before i eat out all the time now. liz: are investors worried? tell us. would you wait in line for that burrito bowl? would you wait in line for the stock? yes, no, neither? tweet me, leave a post on our facebook page. we're almost 17,000 strong. like us and tell your friends too. facebook.com/lizclaman. and then there's always lizclaman.com. "countdown" coming right back. the nasdaq charging ahead by nearly 70 points. ♪
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>> the royals, 2015 world champions! [cheers and applause] liz: in a wild, extra-innings game, the kansas city royals -- >> turn that off! liz: listen, i have half the floor crew crying. defeat the new york mets in the world series. >> we'll be back. liz: let the royals have it. the royals were down 2-0 at the top of the ninth and then scored two runs to score the game. that after matt harvey begged to stay in the game. he stays in and then, of course, the royals seal it. my floor director's walking away, he can't take it. they scored five more runs for the win over the mets. last night's 12- inning affair, the highest rated game of the year, 6.3 million -- 16.3 million viewers tuning in.
i notice how you quickly switched from a mets shirt to a jets shirt? stay cool, dude. yeah. it shows his allegiance. no more mets' shirts. >> at least he's not a fair weather fan, mets, jets. liz: i know one thing, he will not be at the parade. [laughter] kansas city will paint the town blue to celebrate its world series victory with a parade tomorrow starting at noon. so officials are gearing up for the potential of 200,000 people coming to the downtown area. well, it's been 30 years. >> how many people live in kansas city? liz: dow just turned positive for the year, up 174 points at the moment. >> holy -- liz: guess what's on fire, charlie? shares of valeant are suddenly jumping in the afternoon, up nearly 7%. what happened? following an announcement from citron, the short-selling firm that published a scathing report on the company last week and the stock plummeted, right?
well, citron now came out and said we're not actually going to publish any new allegations against valeant today. we stand by everything we've said, but nothing new today, and they had promised they would have a bigger update today. so they're backing off just a bit. charlie, what do you read into this? >> that the company's going to sue 'em, and that they feel like they're crossing a sort of line in the sand. we should point out that citron is, like, one guy, right? it's andrew left, i believe. and maybe he has a small staff, but he runs it out of his house. liz: he sure has power. >> listen, he's a smart guy, and, you know, he's interesting. i saw him on other network -- liz: he was on cnbc today. >> yes. vis rate the host -- eviscerate the host who tried to nail him and kind of like the debate, didn't have the facts down totally. it's kind of a recurring theme over there, they don't deal in facts. but anyway, we won't get into that. leave that to the media -- liz: we won't get into that since i just got into that. >> in any event, two things
going on here. i think the market was poised for him for more research. he came out and basically said he's not going to do any more research. he's going to maybe show -- it was kind of an odd statement. i'm going to show reporters the way to find out stuff on valeant. so my guess is that he's feeling the legal heat. you know, companies can sue you, and i've seen this with short sellers before. i mean, a very famous short seller in the late 1990s -- liz: oh, yeah. >> extremely successful until -- liz: on the nyse? >> well -- excuse me? liz: did he take on the -- >> the nasdaq. liz: i'm sorry. the brain is fogging a little bit. >> the nasdaq brought some charges against him, but his real problem was that he was sued by one of the companies that he was shorting, and despite the merits of the suit, they cost him some money. liz: well, despite the merits of his report. see, that's the thing. these guys come out, they do a
lot of research, and they're not wrong in certain cases, but they don't have the legal firepower -- >> right. it's one thing to go after a steve cohen who has got $10 billion, it's another thing to go after andrew left. liz: but goldman piled on today. didn't they say they don't like valeant's stock here's? >> they don't like the stock either. so, listen, the stock is up today. citron looks like it's out for a while in terms of research, at least that's what andrew left, the founder, signaled today. but this is still going to be a very volatile stock because once you start getting goldman downgrading the stock, the other wall street sell-side analysts have to sort of come in and weigh in. so you'll see probably sell-side pressure -- this is just the pattern, i'm not saying it's definitely. i don't know what morgan stanley's going to do. but you'll see some sell-side, you know, people hedging their bets meaning some downgrades, and that's going to put downward pressure on the stock. that's usually what happens. and then you're going to see some more reporting on this.
i don't think we're done with that part yet. liz: it's interesting, this is why people still go to law school, because the whiff of a lawyer coming can scare people away. >> right. very interesting. i mean, short sellers, you know, listen, one thing for jim chenos bringing cases against him, it's another thing for a guy in his house which is kind of like what citron is. not a big operation. liz: yeah, but, you look, you have two major pharmacy benefit managers, cvs and express scripts, backing away from valeant and their specialty pharmacy. >> oh, yeah, he's obviously -- liz: there is a little bit of there there. >> absolutely. we're going to try to get roddy boyd back on. he's not an analyst, he's a journalist. liz: right. and he had provided some of the research -- >> the initial research. roddy, basically, uncovered the story. liz: charlie, thank you very much. we're 29 minutes away from the closing bell, and it's a great day for the bulls. we're looking at a very strong market right now. the dow, and this is breaking
news, positive for the year, we're up 179 points right now. that's a full percentage gain. talks of ending the civil war in syria showing very little progress as iran threatens to back out of the syrian peace talks, accusing the saudis of negativnegativity and inexperience? former undersecretary of state bob hormats tells us if it's a fruitless exercise to even try to work out a political solution. and hillary clinton and donald trump maintaining front runner status as the one-year mark to the 2016 election approaches. two of our favorite governors tell us if they expect the leaderboard to stay that way. we've got former republican governor and senator from new hampshire judd gregg along with former democratic governor from kansas mark parkinson both next on "countdown" to make it all clear. (patrick 1) what's it like to be the boss of you?
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♪ ♪ liz: 43 chipotle stores shuttered, shares reacting to news of an e coli breakout. here's the story, you've got 22 people across oregon and washington state who dined at six of the mexican food chains. they got sick, to the company -- as a very defensive position -- decided to close all the stores in both of those states until officials give the green light to reopen. we asked new yorkers just around the corner, because there's one right around the corner, whether the news has them worried and whether they'll still be eating at chipotle. let's listen. >> i saw the headline this morning, probably should have read a little more, but i guess i'm rolling the dice here. >> it's bad. wow. i've been going here for years, the food's always great, prices are decent. the line's a little long, but that's okay. >> it would worry me, but i'm
not sure. >> it does concern me, however, i trust them to prepare the food properly. >> i'll deal with it if it comes, you know? pretty happy with my meal right now. >> it's kind of scary when you're eating out, because you don't -- if you know behind the scenes, it's scary. and that makes me think twice before i eat out all the time now. liz: okay, it happens. it happens. trust me, there was a huge line. i didn't even bother going, because i love chipotle burrito bowl. we're looking at the stock, it's down about 2%. we are just days away from the fourth republican presidential debate, and while it feels like the race is dominating the headlines, we're going to give you a little history lesson here. at this very point in the 2007-2008 race, right? the polls didn't necessarily give the best indicator of who ended up grabbing the nomination. in fact, not at all. right now hillary clinton leads the democratic party with donald trump and ben carson grabbing more than half of the vote for the gop.
but at this very time eight years ago, hillary clinton had an impressive 11% gain over thet wasn't until february that president obama's popularity started to really take hold. and then on the gop side, new york governor rudy giuliani led the pack, like democrats, the true front runner of that election, senator john mccain, didn't start to lead the pack until february be as well. can history repeat itself? i'm joined now by judd gregg, served as both the republican governor and senator from new hampshire, and mark parkinson, former democratic governor from kansas who, of course, is thrilled today about the royals. >> absolutely. liz: you were 28 when the royals last won. >> i was. and for them to win 30 years later is phenomenal. it's billion an incredible weekend. -- been an incredible weekend. liz: admit it, did you cry? >> my wife cried. i drank champagne. [laughter] liz: my wife cried, i didn't. >> i don't know. [laughter] he's got to be pretty proud though. that's pretty impressive, really
a small market team to win. >> it's just great. liz: well, let's talk about all the markets here, and as the whole nation comes together, do you anticipate -- and i'll go first to you, governor gregg, do you think the whole front runner picture changes by february? >> on the republican side of the aisle, that's absolutely what's going to happen. democratic side, i don't think that's what's going to happen because the only alternative is bernie sanders who's as far left as the democratic party's gone, i'm not sure they're going to nominate an open socialist to be their candidate. i think hillary's the nominee on the democratic side unless something unusual happens. but on the republican side, nobody knows who's in front right now. these polls are really, in my opinion, quite meaningless. new hampshire's a very late-deciding state, for example. people don't make their mind up until the middle of january, going into february, elections are february 9th. and there'll be a lot of movement back is and forth.
and, you know, polls today what they mean is you call somebody up, and they're angry about somebody, so they pick the person who most expresses their frustration. but when people go in and vote, they're very serious about casting their vote. they don't take it lightly, and they're not going to throw their vote away. i think the people that are going to win these primaries are going to be very different from the people leading the polls right now. liz: governor parkinson, americanss, i believe, care way more about the economy, about recklations, about -- regulations, about taxes, about all kinds of wallet issues, right? pocketbook issues versus these twitter battles and things like that. i'm wondering at what point do we start to see that substance come out? we can promise that on november 10th that fox business in our debate will make that happen. but from the democratic side as well, do you think the message is being broadcast loudly enough? >> well, i think you're right. so far the preseason has been kind of a lot of theatrics and not a lot of serious discussion. and, you know, you obviously
have a tremendous opportunity to change that next week with the debate. the public thinks about the names, they get polled, and i agree completely with governor gregg, it doesn't get real until about now. we're three months away from votes being cast in iowa. we're one year away from the general election. after thanksgiving or so people in iowa and new hampshire will really start to focus on the real issues and the real candidates, and i agree with the governor, i think things will change dramatically. liz: governor gregg, you just came out last week and enforced jeb bush, and jeb, of course, has said over the weekend -- well, let's let people hear what he said about his debate performance and how he has to improve that. here's jeb bush. >> i know i've got to get better at the sound bites and the, you know, the cute little phrases in the debate. not answering the questions that people ask. these are things that are hard for a guy who was brought up to answer before frightened to say what you believe when people ask you a question. i've got to play that game
better. liz: governor gregg, what does he need to do to make a more lasting impression? >> i think he's absolutely right in what he said, he's got to stay on his message which is substance. you know, what republicans are looking for are three things in our candidate, number one, that we can win. number two, that they be substantive on issues, and he's put out a lot of good, thoughtful policies on major issues including entitlement and tax reform. and number three, that they can govern. he's shown he can govern. i think he's got the gravitas and the substance, and it's not a flashy campaign, but in my opinion he's the guy who's going to be the best nominee. liz: again, it's the february point, isn't it, governor parkinson, that come february everything could change. but you have not endorsed a candidate just yet. why not? >> well, it might be surprising to folks, but the endorsement of a former governor from kansas doesn't quite count as much as the endorsement of governor gregg, governor of new hampshire. [laughter] liz: if the royals thought that way, they wouldn't be carrying the crown today.
>> i am certainly comfortable with hillary clinton, and it's surprising that the alternative in our party is an avowed socialist. liz: would you be comfortable with governor bush? he seems to be a moderate republican. >> i would point to jeb bush, i would point to marco rubio, john kasich as folks i think could actually run the country and do a great job. i think hillary clinton's also on that list. we need to have a great president, and my hope is despite all the theatrics that we'll experience over the next year that we come out with a president that can really lead the country. liz: it's great to have you both, thank you so much -- >> let me just endorse everything the governor just said, because he really hit the nail on the head. liz: this is what we, i think, most americans do want, two sides coming closer together where everybody's slightly disappointed in what they got, but that mean that, perhaps, it was a decent deal no matter what the issue, governor gregg, correct? >> absolutely. people never get perfection because perfection's in the eye
of the beholder. every individual has their little flaws, but what we want is the candidate who's the strongest candidate to lead this country. people want an optimistic, upbeat candidate who's going to take america to a better place. liz: thank you both so much. governor gregg, governor parkinson, thank you so much. >> thank you. liz: and by the way, as the closing bell is about to ring in 15 minutes, secretary of state john kerry apparently still hopeful about talks of a political solution to the war in syria. former undersecretary of state bob hormats tells us if there's even a chance for a real syrian solution next on "countdown." ♪ ♪ eir beard salve is made from eir beard salve is made from ♪ ♪ sustainable tea tree oil and kale... you, my friend, recognize when a trend has reached critical mass. yes, when others focus on one thing, you see what's coming next. you see opportunity. that's what a type e* does. and so it begins. with e*trade's investing insights center, you can spot trends before they become trendy.
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the so-called peace talks over syria. joining me now in a fox business exclusive, bob hormats. he served as undersecretary of state under hillary clinton. fifty people, do they make a difference? >> they don't make a strategic difference, they demonstrate that the united states is trying to play a more significant political role, particularly now that the russians have been so much more active and sending troops in and also using their air force to a much different degree than they were. liz: and you've got iran playing the diva, threatening to walk away. saudi arabia's furious they're even invited to be at the table because they are basically the interventionist aggressor who's got a seat at the table. >> well, iran has said for a long time it wanted to be at the table because it wants to have a voice in the outcome.
the voice they utilize is not one that's going to be helpful to getting assad out, but will be there, in effect be, supporting him or trying too slow down -- to slow down the process. liz: isis has said to a german documentarian that i watched who gained access we would love to draw the u.s. and bring them to the ground either in iraq or syria so that we can take them on, and here now that's happening. i know we can't ring fence the situation. general jack keane has been on here many times and said they'll come to us, and we definitely don't want that, but is this going to change anything? >> i don't think it'll change much. when they do go to the conference table as they're now going to do, the united states can say at least it's playing a more proactive role. the united states is going to get deeply involved in this process. it's very hard to do, first of all, small numbers are not going to help very much, and second,
even if we were to be in there, there's so many contentious factors fighting with one another that for the united states to get involved in that quagmire would be a very difficult -- liz: you just said it, quagmire. and this looks like, i mean, 50 here, another 25 there, 5 there, it looks like vietnam, but it's too early to make that comparison. the ultimate goal is to get rid of bashar al assad a, the head of syria. does that happen? >> i think the ultimate goal is to get rid of assad, but it's also to make sure that the government that replaces him is not a radical islamic government. and that -- liz: a repeat of the original egypt situation. >> yes. or something like that, that you give away control of this country to either chaos like we see in libya or a very extreme al-qaeda-type government or isis kind of government. the transition has to be an
orderly one to get him out and then to get a rational government in. that is very difficult in this chaotic environment because everyone's competing to have their champion be the leader of this transitional government. liz: well, x israel and jordan, there's been little that's been orderly in the middle east. bob, thank you so much. kissinger associates vice chairman and former undersecretary of state. >> thanks for having me. always appreciate it. liz: the dow is nearly positive for the year. when we were up 179, we were plus for the year, but will it last, and how do you invest around it? you can't miss these final seven minutes. ♪ ♪
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i want to bring in mark luschini, january anymont comery scott with -- janney montgomery scott, with billions in management. you continue to see a follow-through here? >> liz, we do. in a word. we haven't even taken down the halloween decorations and already may have begun the santa class rally. that being said i think we're a little out over our skis. up 12% from the lows. only 30 points, from all-time high of s&p 500 established back in may. we have come a long way pretty quickly. we haven't necessarily h economic validation to support this rally that suggested it should move markedly higher from here. in absence of better news on economic front. i think that will follow. stock prices are probably do for some pause, a little bit of a reset. liz: looking for slight reset, we know that is coming, it
always does, mark, what names do you like? i find it interesting to see walmart is at the top of your list. why? >> it is, liz. this stock was down 25% on year-to-date basis. it is broken brand that is fixable. spending a lot on e-commerce, remerchandising stores. obviously hit came because they raised minimum wages for their employees and deferred earnings expectations. meantime investors get paid to wait with 3 1/2% dividend yield. liz: we're positive again for the year. we're up 161 points. so interesting to watch the behavior of the we still have the will they, won't they tighten rates over fed and that sword of damocles, right? >> no doubt about it. today's economic data, not just u.s. but global manufacturing data on balance was pretty decent. not to warn necessarily fed lifting interest rates in december.
kind of goldilocks numbers. just the economy isn't deteriorating but not growing so rapidly to warrant the fed hiking up interest rates too soon. i think that is nirvana for stock prices as we've seen over and over again last couple years. liz: mark says, maybe santa claus came down the chimney early. we'll see. nice gain for s&p up 24 points. looks like good move. mark luschini. thank you very much. >> thank you, liz. liz: we're waiting for earning and so much more. that is where david and melissa comes in. david: it is a good day. taxing trade. you might have seen this hundreds of protesters swarming the chicago mercantile exchange with demands aimed at targeting the rich to pay for illinois's budget shortfall. melissa: amazing. david: we have you covered what is happening inside and outside the cme. melissa: republican candidates
making their demands known when it comes to future presidential debates. bret baier, moderator of fox news debate back in august, will give us his take on legitimacy of those demands. david: what he thinks is going on. government spent $43 million building a gas station in afghanistan, just one. a huge number especially when it was only supposed to cost 1% of that. [closing bell rings] melissa: how is that possible? david: how many other projects are like that out there? melissa: economic data on china, we're heading positive for the year. you heard them. this is where we end the day up 165 points on the dow. s&p up by 1.2%. the nasdaq, biggest gainer on percentage basis. david. david: here is everything you have to know right now. hundreds of protesters mobbing the chicago mercantile exchange, blocking entrances to buildings demanding levying new xe