connell: yes you are. i'm connell mcshane. s&p 500 closing in positive territory. tech stocks we say were big loser. nasdaq was down by 28 points. we'll cover it all, washington to wall street as usual. made even more so today. susan li, floor of new york stock exchange. blake burman at the white house. karl rove will speak about key races. rick scott to join us live from the miami area, you know ambassador danny danon. and sean spicer. that is a lot. there is susan li at the new york stock exchange. hi, susan. >> we were close up to 200 points for the dow. a big spike up on low volume day. investors are in wait and see pattern to see how the midterms shake out. looking to see if we get a split government, democratic controlled congress and senate controlled by republicans. grid hock they call it. upside would be if republicans keep the house and senate. on the downside, if democrats take the house and senate, expect to see a cell down. if we didn't have apple being main drag, s&p down once again in correction territory, down 10% from the recent peaks. weighed by n

connell: very nice. s&p five hundred and nasdaq up three days in a row. the first three-day winning streak since august. melissa: isn't that amazing? connell: that is crazy. >> i checked before the show. connell: gerri willis on floor of new york stock exchange. hey, gerri, pretty good day. >> i love a day in the green as you say. dow up 264. s&p 500 up 28. both indexes up 1% and change. look at nasdaq, up 1.75%. of course that index that has suffered most. i want to talk about hbo going dark for the first time in its history. this is due to a standoff over dish network over the terms of its deal. this is a very big deal. lots of words being thrown between the two companies. hbo went dark on dish and sling tv. dish says it could be the first of many blackouts. want to talk about fitbit. this is a good news story. weighting estimates on revenues and earnings third quarter. the company's smartwatch revenue growing significantly. it makes up 49% of total revenue. why is this important? we'll have apple coming back. they don't break out their watch results. i

connell: really? that's amazing. melissa: s&p in the green. nasdaq as well. both up for the week after a terrible week the week before. they were both down nearly 4% apiece. i'm connell mcshane. connell: i'm france france. this is "after the bell." we have . >> president signing a new trade agreement taking place of 1/2 at this. we're live on the ground in argentina with very latest on all of president trump's meeting, what you can expect from the big one, the high-stakes dinner tomorrow night with president xi xinping. we're also following breaking news at this hour. this massive 7.0-magnitude earthquake that struck in alaska. just about seven miles from anchorage, knocking out power, causing major damage to roads and buildings. the governor of the state issuing a emergency declaration, telling residents he was working with first-responders to insure that everyone is safe. now here is a tweet from the president on the earthquake. to the great people of alaska you have been hit hard by a big one. please follow directions of the highly-trained professionals th

there's been a pretty robust correlation between oil price changes and s&p 500 changes. connell: a couple of things, well i guess three things that you mentioned there to take apart but let me try to do it one by one if we can because it plays into what the president has been saying this week and over time so for context for people, who know your past experience. you were in kevin hassett's job and people watch he comes on this network a lot and larry kudlow does as well but if you were in that position now, and the president were approaching a meeting as this president is, with the president of china, at the g20, what would you advise him is the best course of action to take economically? >> well, i think what the president needs to do is ask first what america could be doing itself to get its own house in order with respect to china and china has its own strategies, we should have ours too, but i think the president needs to get quickly to the core issues, which have little to do with the bilateral trade deficit and a lot to do with intellectual property protection. i

connell: really? that's amazing. melissa: s&p in the green. nasdaq as well. both up for the week after a terrible week the week before. they were both down nearly 4% apiece. i'm connell mcshane. connell: i'm france france. this is "after the bell." we have

connell: more to come. we saw and we see there, adam, apple's decline which has been really something to behold here not just today but from the highs and we did see to ashley webster's point a little bit of buying going on with facebook. do you take anything away from that action in tech? >> sure matter of fact connell i was one of the guys buying facebook earlier this morning and google was also up and i also bought salesforce.com which is the leader driving big data, artificial intelligence, and you know, i hear what gary is saying , you hate to see some of these lows taken out on the nasdac but the fact is we're back to flat on the year. it's not that ugly. more than half the companies in the s&p 500 are already down 20% , so i would argue, rather than arguing about whether there is a bear market just recognize that sort of internally, it's already happening, maybe its already happened and that's why i'm actually buying. connell: so you were a buyer of facebook. gary before we move on tell adam why he's

s&p 500. melissa: i see what you did there. connell: nothing gets by her. melissa also in the green today. nasdaq up 47. fox business network team coverage of all of this, from wall street to the closest races, key battleground states, the great jeff flock in carmel, indiana, kristina partsinevelos in orlando. hillary vaughn is in mace so, arizona. ed lawrence in virginia with one of match-ups could give us indication how tonight is going. we begin with ashley webster down on the floor of the new york stock exchange. >> hi, connell, melissa. somewhat of a quiet day here on the stock exchange. what we have seen, a lot more buying than selling. the dow up 174. the s&p and nasdaq moving higher. investors like everyone else in the country, around the world, wanting to see what the makeup of congress will be like after today's election of the let me begin with taking a look at the stock of apple, if we can. apple has been hit pretty hard. in fact the stock has been down 8% since last thursday's earnings. the disappointed, concerns about production of iphone xr p

connell. connell: all right, break. melissa: deirdre bolton live on the floor of the new york stock exchange. deirdre. >> what a week, right? we saw the dow and s&p 500 edge over into the green. nasdaq still lower for the week. first week down in three. so you know, that's not exactly a great way to go into the weekend. we'll still do it. some of the weaker spots we should highlight, chip stocks, really took such a big hit. nvidia, a very big part of that, reporting earnings last night after the close, saying that sales fell short. more importantly always about the outlook statements saying in a quarter coming up sales will be below expectations. basically a selloff across the board as far as chip stocks. retail stocks really moving lower as well, which is a little bit interesting because some had been very strong this week in earnings. others have put up a flag of concern. jcpenney is one of those, that put up a flag of concern. two of luxury or higher end retailers, nordstrom, one of note, saying they're seeing slower

connell mcshane filling in for neil. lauren simonetti at the new york stock exchange where she's been covering things today. why, putting that low. reporter: tech wreck continues today. let's talk about apple. this is the stock had held up when everything else got left. it is officially an bear market territory that we will see that still data in a big way but it is right now. since the financial crisis we could be looking at $250 billion in apple's market cap since its october 3rd all-time high. goldman sachs again today put a price target on the stock worried about overall for things apple and china and also demands for the new iphone 10 are. not all tech is getting clobbered. i want to point out that some of the other so-called stocks, spacebar, amazon, alphabetic, they were out today. now you have two green arrows. netflix and go-go parent alphabet. some reason to buy the oversold sector today. you can say tech was humbled. facebook turned positive at one point because it did hit its lowest level in almost two years.

people waiting on your 401(k)s, they're waiting to see what happens with the midterms. connell: he's talking about the stock market, which as you probably know all over the place lately. just wrapped up a terrible month of october with a nice rally the last couple of days. how about that? the idea democrats would tank the market? fox news contributor and author of textbook americanism, jonathan hoenig is our guest tonight. that's interesting, right? a political argument that the president is making, but the market's been going down anyway, and there's been this debate about why? do you think nervousness over the midterms has anything to do with it? >> that certainly does have one factor playing into, it connell. you have to put it in context here. economy is extraordinarily strong. this is unquestionable. unemployment now back where it was in 1969. consumer confidence at near 20 year lows. so the -- connell: highs, highs. >> 20-year highs, exactly. put in a little context here. this has been going on for nine years now, by every stretch of the imagination, we're due for

connell: stocks end the day in the green. still down for the week. comments on trade from the president enough to turn early losses into gains. the dow settling in her with a gain of, oh, 129 points we'll take it. a little off the highs. but not bad. s&p 500 closing out on positive territory up six. nasdaq fought but came up short. charles: who cares. connell: down by 11 points. melissa: i was trying to see the bright side o

connell: we like honesty. deirdre, thank you for all the of you. this is interesting number on housing. new home sales tumbling 8.9% in month of october. the slowest pace since the 2016. this speaks, john, to the economic backdrop, the federal reserve everything else dealing with. not only data point. we know housing is slowing downs right? >> look we do. i want to make it clear i'm in favor of trump administration what they have done with the economy. i think they have done wonderful things. i'm completely against tariffs. i don't like a potential trade war. i think we'll probably see the best christmas in our history. this leads the could nun drum in our markets right now. housing prices are down. headwinds start next year as quantitative easing stopping. tax cut stimulus should abate by then. you have a global slowdown. the question for the markets for those of us in it, is last hurrah. we have a great economy. seeing cracks and worrisome in the housing and other things as far as slow downs. connell: to your point, we get your point. put tariffs

the s&p 500, nasdaq also closing the day out in positive territory. that is a five-day down streak for the s&p snapped. it does look good. melissa: we will take it. connell: we'll take green rather than red. i'm connell mcshane. melissa: i'm melissa francis. this is "after the bell." we have news on the big market movers. president trump wrapping up a meeting with the senate republicans. the commander-in-chief sitting down with the newly on capitol hill. his economic advisor is downplaying a deal on tax cuts. plus mark zuckerberg on defense. how the facebook ceo striking back at a bombshell "new york times" report which highly criticizes the company's response to a series of scandals. it is scathing. >>> we're past the deadline in florida. federal judge calling the sunshine state, quote, the laughingstock of the world. that is harsh. we have the latest where the recounts currently stand. it is not good. connell: no. a lot of developments. back to the markets, meantime with stocks reversing earlier losses. they do end the day higher. seemed to be renew

nasdaq, s&p 500, with three-day losing streaks. that is ugly day to start the week. i'm connell mcshane. melissa: what a way to start the week. look at that! im melissa francis. this is "after the bell." go straight to ashley webster on the floor of the new york stock exchange. ashley. >> the bond market was closed today. we thought it would be a quiet day. it is not the case. we're losing 600 points on the dow. almost 3% on the nasdaq. apple started to upset the applecart at the beginning of the day with perceived weakness in the iphone demand that hit the "fang" stocks. look at apple, down 194.17. this stock hit a record back on october 3rd, $232.07. it plunged more than 50%, with those "fang" stocks as well. other big tech names, that led the way for the markets for so long. apple as we know, down 5%. netflix off three. alphabet/google down 2 1/2. microsoft as well down 2 1/2%. it was that kind of a day. a lot of people down here, guys, are wondering if tech is not the leading sector who is going to take over? there is no obvious contender right now. because of th

i'm connell mcshane. melissa: i'm melissa francis. this is "after the bell." we have more on the big market movers, but here is what else we're watching this hour. trade on the agenda at the white house. president trump sitting down with the top advisors today. we have the details what was discussed, what it means for the economy moving forward. plus new faces on capitol hill. self key races remain undecided. congress is back in session. fresh lawmakers arriving today as the fight over leadership begins. the latest on the battle for power. wildfires raging out west. one is now the deadliest and most destructive inferno in california history. emergency crews say it could take weeks to put out the flames that have killed dozens and turned communities into ash. connell: more on that story coming up. on the markets today, look at it, with the dow down 100 points. exxonmobil, chevron, also boeing. the big losers kristina partsinevelos covering it all on the floor of the new york stock exchange. hey, kristina. >> like you just mentioned it was an epic selloff when i

connell: that is why we're here to settle everything. fed decision to leave interest rates unchanged, stocks sold off a bit. nasdaq, s&p are still down appear to be closing lower. s&p snapping a three-day winning streak in the process is. we're moments a way from big earnings report. disney coming out for those results. the moment you're out, markets move tomorrow. we'll see how today's numbers settle in. i'm connell mcshane. melissa: i'm melissa francis. this is

connell: that is why we're here to settle everything. fed decision to leave interest rates unchanged, stocks sold off a bit. nasdaq, s&p are still down appear to be closing lower. s&p snapping a three-day winning streak in the process is. we're moments a way from big earnings report. disney coming out for those results. the moment you're out, markets move tomorrow. we'll see how today's numbers settle in. i'm connell mcshane. melissa: i'm melissa francis. this is "after the bell." more on market movers. here is what else is breaking at this hour. a a massacre on college night. a gunman killing at least 12 people inside a bar outside of los angeles. we're live in thousand oaks, california, where officials are trying to figure out why a 28-year-old marine went on a shooting rampage. we're waiting for an update on law enforcement. that is what you're seeing on the screen right. there we'll bring all the headlines when they come. >>> speculation how a change of leadership at the justice department will affect the russia investigation. some d

i'm connell mcshane >> i'm melissa francis. this is after the bell. we have you covered from washington to wall street. but first to ashley webster live on

i'm connell mcshane >> i'm melissa francis. this is after the bell. we have you covered from washington to wall street. but first to ashley webster live on the floor of the new york stock exchange. >> so much for a quiet holiday shortened week, guys. it could have been worse. we're looking at a 500 point drop at one point on the dow. you could say we came back down 395. but i think today's story is a at about big tech. as connell just said, we talked about trade worries with china. that's always been hanging out there, but i think the sell off in big tech has been the big story. where does that money go? it was big tech that led the markets for so long. now we're seeing that money go into the safety of consumer staples, utilities, even the ten-year treasury bond. i want to get to apple, if we can. 185.65 has been the key. okay, we just finished above 185.65. if we'd hit that or below, then apple would officially be in bear territory, down 20% from its recent high in early october. apple hanging on, but don't be fooled. this hasn't been a great day for

connell: right. >> that will slow the economy which is against trump's re-election. connell: who has the best idea what saving face looks like from a u.s. perspective? we always hear from the perspective of the chinese because it is important to them culturally. the chinese when they go into a negotiation have to save face. we have to too especially with this president in the white house. he will not walk out and say, hey, you guys win here. what is the win for the u.s.? >> i think it comes down to intellectual property. the forced turnover of intellectual property in terms of having to have a 50/50 joint vent you are with local partners that has been a huge giveaway to chinese partners. they basically replicate what you're doing down the road. we know that happened a gazillion times. that is the number one thing. they have backed off on that a little bit. also opening their market to new, particularly the financial services area, the amex deal last week where amex is the first company allowed to com

nasdaq, s&p 500, with three-day losing streaks. that is ugly day to start the week. i'm connell mcshane. melissa: what a way to start the week. look at that! im melissa francis. this is "after the bell." go straight

connell: i'm connell mcshane. we made it to friday. melissa: whoo-hoo! sorry. connell: that was not planned. this is "after the bell." we'll have more on the big market movers as we move along. here is what is new at this hour. president trump about to land in paris. there is a shot at the airport. the commander-in-chief will meet with other world leaders attending

connell: i'm connell mcshane. we made it to friday. melissa: whoo-hoo! sorry. connell: that was not planned. this is "after the bell." we'll have more on the big market movers as we move along. here is what is new at this hour. president trump about to land in paris. there is a shot at the airport. the commander-in-chief will meet with other world leaders attending ceremonies marking the 100 year anniversary of the end of world war i. we'll tell you with what to expect from the president's european trip. here we go again. florida is the epicenter after postelection battle. two major races on the line. we're taking a closer look where things currently stand in the such shine state where that fight is far from over. >>> wildfires raging out of control control in california. destroying homes, forcing emergency evacuations. we've live on scene as officials work around the clock to try to stop the flames. melissa: oil tumbles below 60 bucks for the first time in eight bucks. gerri willis on floor of new york stock exchange. phil flynn watching all the action in oil,

connell: i'm connell mcshane. just your average wednesday. welcome to "after the bell." that is a quite a rally. up 543 on the dow, closing near session highs. the s&p 500 also ending up for the third day in a row. nasdaq, bounce back of technology, up by more than 2 1/2% today. we'll cover it all. wall street, to washington. ashley webster on floor of the new york stock exchange. blake burman. been a busy man at the white house. edward lawrence in d.c. start with you, ashley. forget red and blue. it is all green. >> connell, it is all green. what does wall street think about lawmakers in d.c. basically they're saying great, fight with each other, leave us alone. don't do any harm to the markets or to the economy. it is really a relief rally. look at the dow. just up and up and up. took another spike up when the president held his press conference. talked about reaching out to democrats. all very positive. major markets all up, 2% across the board. where did money go? went into a lot of sectors. look at health care sector for one. look at those stocks. unitedhealth group

close, so we're definitely off session highs, we have been up more than 200 points earlier on, the s&p 500 closing in positive territory, and the tech heavy nasdac up around close to 1%, so i'm susan li in for melissa francis. connell: i'm connell mcshane, couldn't close this market fast enough welcome to more on the big market movers ahead but here is what else is happening at this hour. doubli

it accounts for a big percentage of the s&p 500 and the nasdaq. so if people are out there bying smart phones, that might help the broader markets as a whole, charles. >> connell, perhaps the irony of this great news, dovetails to one of the series on wall street, this is amazing stuff but this is it. this is the peak. won't get better than this. >> right. how many teams have we heard the term "peak earnings" being used. that's the point. are we talking about past tense, future tense. if these are so great, is it because people have the disposable income to spend? the question is, will they continue to have that in the future. we have a big g-20 meeting next week. will trade be resolved. jerome powell will be speaking next week. what does he say about interest rates. all forward. as we go into the retail season, people will continue to spend. we don't know what will happen in january if tariffs are imposed. as of now, the consumer feels really positive about the economy. >> heather, how are we looking for the stock market? >> that depends on two t

s&p 500. melissa: i see

connell: i'm connell mcshane. anything on trade seems to move the markets. welcome to "after the bell." also the numbers we brought you yesterday on apple dragged down the dow today, it closes down 114 points. s&p 500 in the red as well. tech-heavy nasdaq, percentage

connell: i'm connell mcshane. anything on trade seems to move the markets. welcome to "after the bell." also the numbers we brought you yesterday on apple dragged down the dow today, it closes down 114 points. s&p 500 in the red as well. tech-heavy nasdaq, percentage wise biggest loser of the three down 1%. as you might suspect we have you covered washington to wall street. update from gerri on the floor of the new york stock exchange in a moment but first to blake. blake burman at the white house where many market moving headlines came from today. reporter: there were a couple different twists and turns out of the white house. there was a report early this morning from bloomberg, after president trump and xi xinping had their phone call yesterday, president want ad trade deal with china at g20 summit at end of this month. he dispatched his trade members to start crafting termsp after that, president the a es top economic adviser larry kudlow so the down that report. fast forward an hour ago as president departed on south lawn he appeared pretty bullish as r

connell: yep. >> they're really cheap. it could be a value trap of course. but i think jpmorgan is trading ten times earnings. under 11 times earnings. yields under 4%. very low prices relative to the market which they usually trade below the market. there's a nice gap there. connell: that is interesting place to play. a lot is on sale you would think. >> i have always been urging people to invest more in foreign markets because generally, all, in all countries you see a home country bias. so americans who are under, over, underinvested overseas, beef up on that a little bit. foreign stocks done horribly. good chance to pick those up with a strong dollar. connell: jack, thank you for being here. get money out of the mattress if nothing else. see you 4:00 with medical list on "after the bell." for now a nice little rally on our hands, a change of pace what we're experiencing. charles payne won't make it worse. he will probably make it better if history is any guide. charles: it is the cp effect. thanks very much, buddy. good afternoon, everyone, i'm charles p

i'm connell mcshane, filling in for neil. it's been some day already. trade worries have been weighing on stocks, big-time. the s&p 500 briefly dipped into what we call correction territory, down 10% from a high. once again, look at all 30 dow stocks. they are all lower today, and apple is among the biggest drags. we are going to talk a lot about big tech, apple