i you charging jon corzine with civil fraud? >> note. what we are charging him with his violation of the law wit regard to segregated funds. segregated funds our customer money and th money is supposed to be sacrosanct, violation of that. >> a lot of people would say this is pretty weak. you can charge as ceo of a company, you have to -- it is -- >> i am not going to argue with you about the law. >> i know what i'd talking about. >> why is it you are not charging him with fraud? if what he did was so bad, i don't see a fraud charge. seems outrageous. not just me saying it. i have been inundated with e-mails from customers of mfglobal who never got their money back. some got 75% and you guys hit him with the charge that is an fraud but frankly two years later we rod on foxbusiness.com he did not have the proper controls in place two years ago ended polk two years to come up with this. >> maybe send out the fox business police. >> deputize me any day and i will bring the charges within a week. >> let me tell you what the law is and how --

fox news now saying he will win reelection, and more than 4 percentage points he gained over jon corzine 4 years ago, that is when he was unknown, this is now, seizing on this potentially as a precursor to a presidential run, one more look at this virginia race? that sort of seen as the real verdict on the healthcare law. and whether that is moved virginiaians who were earlier on angry at ken cuccinelli as a runrepublican who seemed to be e face of shut down, and dealt debt fights, he is making up for that now, we -- look at this say, wait, i thought mcauliffe was favored by a large margin. this is a sampling that we get, cuccinelli picking up areas down south in virginia. might be republican strong points. and northern virginia favors democrats, the polls are way too close to call as a result. fox is not gift matting -- is not even guesstimating how it will turn out. all right we have a lot more coming up. continuing our special coverage, herman cain on whether the tea partiers are using this as an opportunity to regain their heft. scott brown, on what he makes of that heft. governor mi

corzine (bleep) the grumpy cat. [ laughter ] for more we go to senior mayoral correspondent john oliver. john, where are you? [cheers and applause] >> jon i'm at de blasio headquarters where the victory parto is well under way. >> jon: the election isn't until tomorrow. >> doesn't matter. the old rule of politics doesn't apply. he can do anything. as you see his final campaign poster it's a big -- >> jon: i thought was the empire state building. i didn't realize. >> displaying your penis in public is usually the end of a new york political career but when de blasio relosed that his poll numbers went up by five points. you may have seen the commercial. >> this tuesday vote for bill de blasio or don't. either way he has got this. already the mayor. >> already mayor, jon. >> jon: wow. >> mayor de blasio. he is coming now. >> jon: whoa he is so tall. crazy how tall he is. i have to say when you see it like this he is enormous. >> he is almost implausibly tall. >> jon: almost comically tall. >> so big. such a big man. [ laughter ] there we go. >> jon: did he just ask you for money? >> of cou

senator new jersey governor jon corzine. well, his career flamed out after the collapse of mf global of. we've got ap exclusive on whether corzine can ever make a comeback. and there may be worries about bubble trouble, stocks continue their upward march. stocks that could keep on giving through the entire holiday season. muck. ♪ ♪ hi honey, did you get e toaster cozy? yep. got all the cozies. [ grandma ] with n fedex one rate, i could ll a box and ship it r one flat rate. so i kn untilt was full. you'd be crazy not to. is tt nana? [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. [ male announcer ] fedex one rate. stick with innovation. stick with power. stick with technology. get the flexcare platinum. new from philips sonicare. ♪ nothing, that's what? that's why i take prilosec otc each morning for my frequent heartburn 'cause it gives me a big fat zero heartburn. woo hoo! [ male announcer ] prilosec otc. the number one doctor recommended frequent heartburn medicine for 8 s

i you charging jon corzine with civil fraud? >> note. what we are charging him with his violation of the law with regard to segregated funds. segregated funds our customer money and that money is supposed to be sacrosanct, violation of that. >> a lot of people would say this is pretty weak. you can charge as ceo of a company, you have to -- it is -- >> i am not going to argue with you about the law. >> i know what i'd talking about. >> why is it you are not charging him with fraud? if what he did was so bad, i don't see a fraud charge. seems outrageous. not just me saying it. i have been inundated with e-mails from customers of mfglobal who never got their money back. some got 75% and you guys hit him with the charge that is an fraud but frankly two years later we rode on foxbusiness.com he did not have the proper controls in place two years ago ended polk two years to come up with this. >> maybe send out the fox business police. >> deputize me any day and i will bring the charges within a week. >> let me tell you what the law is and how

i you charging jon corzine with civil fraud? >> note. what we are charging him with his violation of the law with regard to segregated funds. segregated funds our customer money and that money is supposed to be sacrosanct, violati of that. >> a lot of people would say this is pretty weak. you can charge as ceo of a company, you have to -- it is -- >> i am not going to argue with you about the law. >> i know what i'd talking about. >> why is it you are not charging him with fraud? if what he did was so bad, i don't see a fraud charge. seems outrageous. not just me saying it. i have been inundated with e-mails from customers of mfglobal who never got their money back. some got 75% and you guys hit him with the charge that is an fraud but frankly two years later we rode on foxbusiness.com he did not have the proper controls in place two years ago ended polk two years to come up with this. >> maybe send out the fox business police. >> deputize me any day and i will bring the charges within a week. >> let me tell you what the law is and how -

. >>> now we have some late-breaking news on jon corzine's old firm, mf global. the ex-new jersey governor close to real punishment or even jail time? cnbc's bertha coombs has that story and much more for us. >>> later on the show, the 50th anniversary week of the kennedy tragic assassination. we take a close look at the myth that jfk was a liberal. he was not. and he was a supply-sider on taxes and the economy and an anti-communist. just listen to this. >> the worst deficit comes from a recession. and if we can take the proper action in the proper time, this can be the most important step we could take to prevent another recession. that is the right kind of a tax cut, both for your family budget and the national budget. resolving from a permanent basic reform and reduction in our rate structure. a creative tax cut, creating more jobs and income and eventually more revenue. what you wear to bed is your business. so, if you're sleeping in your contact lenses, ask about the air optix® contacts so breathable they're approved for up to 30 nights of continuous wear.

jon corzine who resigned as ceo-- was charged in connection with the bankruptcy. investors in retail stocks are doing some major buying and selling. investors bought into ralph lauren yesterday sending the stock 5% higher. the luxury retailers earnings topped estimates and th raise the low end of revenue for the year. shares of abercrombie & fitch fell more than 13% in trading yesterday as investors yanked money out following disappointing sales numbers and a weak holiday outlook. the management admits the company has lost its cool factor with teens. holiday shoppers are "not" gobbling up the idea of shopping "on" thanksgiving day. this week staples and kmart revealed breakout plans to open stores at 6 am "on" the holiday. i think that's excessive. imagine the employees who've got to be there all day. it's a family holiday. i'm sure there are a lot of people who want to go shop but i'd like to hope that some would rather visit with their family than go shopping for a deal. consumers have launched an online petition, pleging not to shop on thanksgiving. kmart is re

jon corzine was running the company as major bets were taken on european debt and $1billion from client accounts used to keep the firm operating. goldman sachs is reportedly in talks to sell its metals warehousing business. according to the financial times, goldman may even take $250-million loss on a deal. goldman cited lots of buyer interest in its warehousing business as the reason for the sale. however, the bank's business practices in the metals market have prompted investigation and scrutiny. people in the financial world are quick to get up to speed on the latest investments by billionaire warren buffett. and, according to a recent sec filing-- buffett's berkshire hathaway's list of top ten stocks includes banks. wells fargo is number one on the list followed by , coca-cola, ibm, american express, procter & gamble, walmart, exxon mobile, us bancorp, direct tv, and goldman sachs. ninety-five billion dollars in aircraft orders for boeing.not a bad start for the first day of the dubai air show.boeing's triple-7 x is the sought-after aircraft.but where it'll be built is the subject o

corzine must also pay an additional 100 million-dollar penalty as part of a civil settlement. and tornadoes swept through the midwest over the weekend. six dead in illinois, two others in michigan, illinois governor pat quinn declared disaster areas in many counties. millions of people are without power in michigan. the national weather service confirmed two of the tornadoes that tore through central illinois ef-4 tornadoes. including one tornado that cut a path from one side of town to another area and mike wallace has the latest in washington, illinois. reporter: winds etween 170 and 190 miles per hour, a massive tornado descended on washington, illinois. it was a matter of minutes between the will of the sirens and the war of the funnel cloud. >> it sounded like a freight train. >> homes ripped to the ground, cars tossed around from allies devastated. eighty tornadoes across the midwest. two of them estimated at ef-4 from the second most powerful category on record. he traveled east at the speed of traffic, leaving eight cloud of destruction behind it. bitter cold, cold tem

they went to sleep on jon corzine in 2002 and they were a nonfactor this year. that's one of the stories here in new jersey. >> in terms of the way this translates to the next round of politics, i've never understood why the size of chris christie's margin in his re-election effort would say something important. he did everything he could to drive up the margin. obviously the democrats sort of folded. that helped. but 6-1 he outspent the democrat he was running against. he went to those great pains, cost the state $24 million to make sure he wasn't going to be voted on at the same time cory booker was being voted on. >> i think it's a psychological thing. what they're selling here is electability, that he has something so unique among republicans, it's been more than 40 years since they elected a republican to the u.s. senate, it just sounds more impressive. it's a psychological thing. but the flip side, if you look in virginia, the bar was set about a week ago for this reason. we were all talking a week ago, the tea party is going to have to get the message now

corzine must also pay an additional 100 million-dollar penalty as part of a civil settlement. and tornadoes swept through the midwest over the weekend. six dead in illinois, two others in michigan, illinois governor pat quinn declared disaster areas in many counties. millions of people are without power in michigan. the national weather service confirmed two of the tornadoes that tore through central illinois ef-4 tornadoes. including one tornado that cut a path from one side of town to another area and mike wallace has the latest in washington, illinois. reporter: winds between 170 and 190 miles per hour, a massive tornado descended on washington, illinois. it was a matter of minutes between the will of the sirens and the war of the funnel cloud. >> it sounded like a freight train. >> homes ripped to the ground, cars tossed around from allies devastated. eighty tornadoes across the midwest. two of them estimated at ef-4 from the second most powerful category on record. he traveled east at the speed of traffic, leaving eight cloud of destruction behind it. bitter cold, cold te

they went to sleep on jon corzine on 2009, a nonfact they are year. >> in terms of the way this translates to the next round of politics, i've never understood why the size of chris christie's margin in his re-election effort would say something important about his presidential re-election bid. but he really did everything he could to drive up the margin, right? the democrats sort of folded, right? that helped. but he -- 6-1 outspent the democrat he was running against, even when he didn't need to he went to the great pains, cost the state $24 million to make sure he wasn't going to be voted on at the same time that cory booker was being voted on as a popular democrat. why is it so important to get the margin up as high as he could get it? >> it is a psychological thing. what they're selling here is electability. what they're selling here is the idea he has something that so unique among republicans in this country, in a state that elected obama by 18 points last year, a state that last voted for republican presidential candidate in 1988, spent more than 40 years since they sent an elected

it's also kind of an interesting end to jon corzine's career. >> you're convinced this is the end? >> i know it was a story in "the times" last year that said he wanted to start a hedge fund. he will never start a hedge fund. >> this disallows this? >> it doesn't officially but in all practicality, this guy ran a fund, this guy ran a company that blew up, that was ineptly managed, and it cost people a billion -- >> well, a billion. how much of that is compaing ou of his pocket? >> none. here's the thing he has to worry about, is the private litigation. now, this kind of puts a stamp of disapproval on what he did. private litigants are going to sue him and say, hey, look at this. the courts have ruled he ran a screwed up operation. and, you know, we want some more money. we deserve damaged. that's what he faces. he faces lots of private litigation. not only that, he also faces a likely lifetime ban from the securities industry. >> what a fall from grace. former co-chair at goldman sachs. what happened? >> you're right, he was chairman. chairman -- when it was a partnership. listen,

in 2009, christie lost women voters to jon corzine by five points and hispanics by more than 2-1. >>> the new york mayoral race is shaping up for more of a coronation than election. the democrat has had as much as a 40-point lead in the polls for the to be job in the country's largest city. but right now, we focus on a big money campaign in an unlikely place, where the last thing most people are thinking about is politics. phil keating has the specifics, and interesting ones for miami beach. >> reporter: from the surf to the bikinis to the palm trees at ocean drive, world famous miami beach draws tourists and celebrities from around the world. but off the party path in this island city of 90,000 is one of the most expensive mayor's races ever. and the daily attack mailers and tv ads are vicious. >> sounds like the fox wants to be in charge of the hen house. >> reporter: on the ballot, three unique south beach candidates. >> my friend, former president clinton. >> reporter: political novice phillip levine, endorsed by bill clinton, who has spent close to $2 million of his own money. >>

christie's re-election over the inge couple bent, it had everything to do with jon corzine with how terrible his governorship had gone and the position of the republican party is nothing but the protest vehicle for voters who were feeling economic anxiety. tonight chris christie's re-election has everything to do with chris christie, and nothing to do with his democratic opponent. it has a little bit of the -- but chris christie, think about this, in winning tonight, and i'm guessing, we'll see what the final margin is, it's probably going to be in the range of 20 points, maybe a little bit bigger. not since 1985, before tonight had a republican won a state wide election in new jersey and got more than 30% of the vote. that's the territory he's in right now. >> you took the words right out of my mouth. it hasn't been since 1985 that republicans -- chris christie, there was a quote from the former adviser to the president who said, democrats are going to live to regret not going harder after chris christie in this election. do you think that's true? >> there's always a republican party that w

our budget in fiscal 2014 spends less than jon corzine's in fiscal 2008. we have reformed teacher tenure, reformed pension benefits to make folks pay more for their pensions and to lose the cost of living adjustments. i mean, you know, if they did that stuff in washington, they would be having a parade for the washington republicans. so they can call me whatever they want to call me. you look at my record, i think most people objectively look at my record as we were talking about before when we were outside, it's a solid conservative record and for goodness' sakes, almost everybody has been called a rino now. if you weren't in favor of the government shutdown you're a rino. i don't pay any attention to that. >> you never won more than what is it, 48%? >> i was just short of 49% four years ago. yeah. >> i think the last republican governor to break 50% is tom kean. >> the last republican state-wide was george bush 41. >> so every poll has you leading significantly. what will you be happy with? >> well, breaking that record. i mean, christie whitman was elec

christie beat jon corzine in 2009, 48.7 to 44 points. 45 to 49. really not a blowout, right? but barack obama won new jersey 58-40.9. i get the sense that chris christie isn't -- hasn't really been tested against' a strong democrat. barba barba barbara buono is not exactly a strongim democrat. he is an untested commodity with a full democratic base on the table against a strong opponent. >> yeah, i would say, although to put it in context, that four-point victory he had in -- the second highest margin of victory for any republican statewide in new jersey in nearly 40 years. so the fact he did that was somewhat monumental. and i know democrats in new jersey and even to an extent nationally, basically to this day. at this hour, on this day, four years ago, they were saying, you know, democratic turnout, barack obama has made three visits, corzine is going to be fine. and there is a reason why he is sitting so pretty today. there is a reason why he's going to win by such a big margin today. sandy is the biggest individual reason. but even before sandy, looking at a governor whos

corzine years ago. if he builds a coalition here that has higher african-american, latino support than we typically see for republicans, say up over 15%, and includes self-identified independents that contributes to his argument that he can grow the map and build a larger coalition for republicans than many of their most famous figures right now. >> you know, ben, i was watching the nfl game last night, and there is shaquille o'neal doing an ad for chris christie. >> absolutely. ari is right in he's attempting to grow that coalition, show he can win in states fairly blue like new jersey. the question for chris christie will be, can he survive a republican nominating process in 2016? is he too moderate on social issues, too moderate on fiscal issues to get through that primary. >> when we think back to 2009, the first election after obviously the 2008 election, the first election during obama's term, it was new jersey and virginia that everybody looked at and said, two republicans won, christie in a blue

keep in mind mf global run by former new jersey governor jon corzine, today it was ordered to pay customers $1.2 billion in restitution. that follows a complaint that mf global unlawfully used customer funds for its needs in the final weeks before its ultimate collapse. well, there are also some positive news in the housing sector, home builder sentiment holding steady at a level of 54 this month. keep in mind, any reading above 50 is a sign of confidence. the data lifting home building stocks today. all right, so let's send it back to nicole petallides covering the action at the new york stock exchange. >> reporter: i wanted to take a look at some of the home builders and how they're faring on the news that we've gotten today. so here's a look at names like powellty, lennar, these

secondly, the deal negotiated by jon corzine, a wizard of business, apparently, was that well, it is true. you may not like it, but it is true. his subsequent performance has shown that as well. after he left the governorship. the fact is -- hard truths need to be told. the fact is, the negotiation he made with the federal government was that new jersey would contribute about $3 billion to this project and would be responsible for every nickel of the cost overruns. new york city, zero. new york state, zero. for a tunnel that will take people predominantly to new york. and was not going to go to penn station, where people could get on subsequent mass transit to go to other places in the city. this was going to the basement of macy's. six stories below macy's, a $1 billion terminal. >> miracle on 34th street. >> the miracle would have been if it happened. folks say to me, why did you cancel it? my answer is, why the hell would i ever build it? we would be responsible for every nickel of cost overruns in a federal transportation project. nothing to worry about, right? talk to our friend

secondly, the deal negotiated by jon corzine, a wizard of business, apparently, was that well, it is true. you may not like it, but it is true. his subsequent performance has shown that as well. after he left the governorship. the fact is -- hard truths need to be told. the fact is, the negotiation he made with the federal government was that new jersey would contribute about $3 billion to this project and would be responsible for every nickel of the cost overruns. new york city, zero. new york state, zero. for a tunnel that will take people predominantly to new york. and was not going to go to penn station, where people could get on subsequent mass transit to go to other places in the city. this was going to the basement of macy's. six stories below macy's, a $1 billion terminal. >> miracle on 34th street. >> the miracle would have been if it happened. folks say to me, why did you cancel it? my answer is, why the hell would i ever build it? we would be responsible for every nickel of cost overruns in a federal transportation project. nothing to worry about, right? talk to our friend

secondly, the deal negotiated by jon corzine, a wizard of business, apparently, was that -- well, it is true. you may not like it, but it is true. his subsequent performance has shown that as well. after he left the governorship. -- hard truths need to be told. the fact is, the negotiation he made with the federal government was that new jersey would contribute about $3 billion to this project and would be responsible for every nickel of the cost overruns. new york city, zero. new york state, zero. for a tunnel that will take people predominantly to new york. and was not going to go to penn station, where people could get on subsequent mass transit to go to other places in the city. this was going to the basement of macy's. six stories below macy's, a $1 billion terminal. >> miracle on 34th street. >> the miracle would have been if it happened. folks say to me, why did you cancel it? my answer is, why the hell would i ever build it? we would be responsible for every nickel of cost overruns in a federal transportation project. nothing to worry about, right? talk to her friends and bos

secondly, the deal negotiated by jon corzine, a wizard of business, apparently, was that well, it is true. you may not like it, but it is true. his subsequent performance has shown that as well. after he left the governorship. the fact is -- hard truths need to be told. the fact is, the negotiation he made with the federal government was that new jersey would contribute about $3 billion to this project and would be responsible for every nickel of the cost overruns. new york city, zero. new york state, zero. for a tunnel that will take people predominantly to new york. this was not going to go to penn station, where people could get on subsequent mass transit to go to other places in the city. this was going to the basement of macy's. six stories below macy's, a $1 billion terminal. >> miracle on 34th street. >> the miracle would have been if it happened. folks say to me, why did you cancel it? my answer is, why the hell would i ever build it? we would be responsible for every nickel of cost overruns in a federal transportation project. nothing to worry about, right? talk to our frien

is there any truth to the rumor jon corzine will be his receptionist. i don't know if you picked up on that. what can we say, joe? you've said it all. everybody bites the hand that feeds them with regard to the marketing done during the election cycle. we can all see they go to the feed trough nonetheless. i think it's interesting to look at a 269, 270 tenure in the context. i love peter bookfar who is one of our contributors. doesn't see a bubble in stocks and thinks when the economy normalizes rates will normalize. between those two statements, i'm surprised i have any eyelashes at all left. i think i was pulling them out most of the weekend. >> all right, rick. good to see you, welcome back. we'll see you later this week. that's for sure. a lot of stuff happening. we'll hear from every fed guy in the world. if we talk about tapering -- >> nobody cares. the bond market is going to take it on its own shoulders. once we cross that $4 trillion threshold on their balance sheet, i'm telling you, more and more people are going to be looking for a map on how