2013. Here is a look at caterpillar right now. It is up about 1 . Lets take a look at the Broader Market averages. The dow is down 13 points. The s p is lower in the nasdaq squeezing out a gain of just over one point. Back to you. Dagen thank you. President obama and mitt romney preparing to face off in the third and final president ial debate. The key swing state proves to be a close battle this year. The latest fox news poll shows romney surging and not leading the president. Neil cavuto joins us from that very state. Hey, neil. Neil hey, dagen. Dagen what will be the focus of the debate tonight . Do you think romney will try to move back to, say, domestic issues . You can make it about the American Economy and our debt. You can take the middle east and make it about Energy Supply and our country. Neil i definitely think the economy, he will try to wedge it in. He will constantly pound on the notion that our economic consequences of all this that and Everything Else have made us and our own security as a compromise did that is something he will likely pound tonight. Expect him to leave in their. This pending fiscal cliff, expect to hear a great deal about how that compromises our national security. If i were mitt romney, of course, it would be obvious. Even if i were the president , it would be obvious. Our own security has improved. I think it will come up. It almost has to come up. Dagen what about libya . Does romney need to score some points on the issue of libya and when the president called it a terror attack . Neil you call it an act of terror, but you did not call it a terror attack. I think romney will focus on that attack line. Poor people were all over the map on it. There is a sense of inconsistency. It sends mixed messages to the world again. I think he will sharpen it to say, look, on Foreign Policy, you are all over the map. We know you got rid of osama bin laden, but you have not gotten rid of terror. It is a virtual armageddon in the middle east. You may talk about how things are Getting Better over there, but your own behavior got your administrations behavior over the last month, expect that to be a central theme of the romney folks. Expect the obama folks to come back and say if you want to lead this process, you do not have a great track record. Even some of your own people accounted disaster. How can you claim to be a better steward of Foreign Affairs perfect expect the romney spoke to come back saying you have virtually no background in this. Each will try to use it to their advantage. The one advantage is sitting on a table. You have to get directly to the point. It could ironically lead to moredebate. More heat. All that will be missing are the dinner rolls to throw at each other. [ talking over each other ] neil by the way, it would be the first debate where we would have such a venue. I digress. Dagen you are a student of history. Because president obama and romney are in a dead heat right now according to many polls, do you think, at least the polls look like kerry and president bush back and mac 2004, do you believe that this election is like that election potentially . Neil a lot of people have compared the two. Bush did poorly. Cannot believe a to hollinger was taking him on. He got a little better in the second debate. The argument was that the rubber match was a tie. Did it really move the meter that much . Probably not. It is obviously something somatically changing romneys momentum. The president was a better performer in the second. It did not measurably move the needle on him. Clearly, spring is on it romney. I always hazard that it is dangerous to say it is different this time. These debates are very very different in that they have really moved the meter. I think it is fair to say that if punctuated this debate, it changed the tone of this debate, it made swing states that mitt romney was not even relatively motivated and, this is for presumably all the marbles. Dagen in the reason everyone has to watch tonight, you, in particular, mr. Cavuto. He will be live from boca tonight. It all starts at 8 00 p. M. Eastern time. Always a pleasure, sir. Be well. Your hair looks great in the wind, to. Connell neil cavuto. You are a bad person. Dagen is on a roll today, by the way. In terms of the election and the markets, the stock market may react one way or another. Our next guest is here to talk about another market. Peter hayes who is a manager director, lets talk about the municipal bonds. Why do you think that romney victory may not be so quick without market . I think that is a big debate. Everyone is trying to figure out which one will be better. A romney victory or an obama victory. It appears in some respects romney has been a little less transparent on some of his tax proposals. He has been talking about broadening the base. Keeping deductions like Home Mortgage interest. He has not specifically mentioned municipals. It does not appear that a romney victory may actually not be as favorable for municipal bonds. If we do get a status quo outcome, it will be very difficult to implement any kind of change. Sometimes we exaggerate the fact that a president can have. How much does a president ial election really matter for Financial Markets . I think what matters is the uncertainty leading up to it and i think i have heard many people talk about it. It is affecting the macro economy. It is creating Small Businesses are not hiring. It has also led to less investing with investors. Connell just getting the election over with helps . Absolutely. If you get a complete oneparty sweep, it matters. If you do not, it is just a matter of getting over that election. Connell are you assuming that one would be better suited to do that . The interesting thing there is a month ago the polls were telling us that obama had a victory and obama would have a second turn. It is less likely that one of the candidate takes in a large oneparty sweep which means that the ability to compromise is even less. It will be very difficult. We have had a lot of economic momentum over the last year. It is hard to believe that washington would take that away. Our test case is we do see some type of compromise between the election and january 1. Connell thank you, peter. Great. Thank you. Dagen money back in your pockets because gas prices are dropping. Connell they put a forsale sign up in the rose garden. How much would the white house be worth . Kind of fun to play around with the numbers. We will have an answer to that question. Lets take a look at oil. We are just below 90 a barrel. Dagen it is well, how many second . Connell threetoone. Dagen stocks now. We are trying to keep it real. Nicole i better hurry up. Stocks now on the Fox Business Network. When you talk about color and bold, it turns out they were down 22 . They sell revenue to client. They also saw a big drop in gold production. Overall, this is what you are seeing this. Down to present. It was said that output in the year ahead may be better. Somehow, that did not give anyone a boost. It is down 0. 86 right now. Connell thank you very much. Some relief in the meantime for drivers. Gas prices are starting to come down. It is down now for ten straight days. Prices seem to have begun their seasonal slide. 3. 66. Down from 3. 78 just last week. Russias statecontrolled oil Company Buying bp stake. Bp also getting a 13 stake. We have that out there today. Then, how about this, how about by the white house for a cool 1. 5 billion . For this price, you get a lot. Over 100,000 square feet. Nearly 19 acres. Thirteen bedrooms. Thirtyfive bathrooms on six floors. Doesnt get much better than that. It is close to mass transit. Dagen the land is incredibly affordable. Connell it is a cool house. Dagen yup. Connell not your cup of tea . Dagen no. [ laughter ] i just have so much Walking Around money to buy this house. Our next guest says this congress is the best that money can buy. That is why it has to change. Connell the newest polling data out shows that the president needs a high turnout if he has a shot of reelection. That is the whole idea between registered voters. We will talk about that and more. First, a look at world currencies and how they are faring against the dollar. Bob. Oh, hey alex. Just picking up some, brochures, posters copies of my acceptance speech. Great its always good to have a backup plan, in case i get hit by a meteor. Wow, your hair looks great. Didnt realize they did photoshop here. Hey, good call on those mugs. Cant let em see what youre drinking. You know, im glad wre both running a nice, clean race. 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Back to dagen. Dagen thats the spirit. Thank you. Connell was. Connell i still am. Go team. Dagen go team. We have the best congress that money can buy says our next guest. We need to get some real Business People in office. Joining me now from saint petersburg, florida, jeff. Adam smith wrote in the wealth of nations back in 1776 when he talked about the political rupture in that prevent prosperity. You find the majority of them came out of private practice and are not lawyers. Dagen can you point to anything that the congress has done that those very people elected to years ago have accomplished that represent change in washington . Not yet. People, when they look at policy, they look at it the wrong way. They look at it from the top down. Anything of importance always comes from the bottom up. This scott walker was historic. You have jerry brown attacking deficits in california. You have cuomo, kristi in new jersey. When you book from the bottom up, there is a lot happening on the left and right. Dagen those are all examples of what is going on in the states and in some ways it resonates with the individuals and the residents of those states more that they will accept that kind of action and accept those types of tough decisions. Depending on what happens in a little more than a couple weeks, do you think anything changes in terms of the amount of money we spend and our deficit at 16 trillion counting . I do. I think the trend Going Forward will be smarter policymakers and smarter policies. The people i talk to on the hill know that we are on a unsustainable path and i think you will see them actually attacked the deficits. No matter who gets elected. You will see a move to get more productivity out of the government. Dagen what do you make of the weakness in the market over the past couple of days . We are down 45 points. Caterpillar cannot with some disappointing news. That earnings have been challenging. Fiftyeight points i think of the companies have reported. It is way down from where it has been. Earnings will be a challenge. However, there is still a lot of money on the sidelines. I am a buyer on weakness. Dagen jeff, great to see you. We are covering it all. State, federal and the markets. Thank you. Connell keep it here. We have a story from Charlie Gasparino. Reporting on a government contract handed out to a homebuilding firm. Joe bidens brother has a stake in the firm. Dagen more on tonights debate. Who has the edge and what it means for the next leader of this nation. And speaking of who wins in the next couple of weeks, who is winning today looks back we do have some winners on the s p. [ engine revving ] [ male announcer ] every car we build must make adrenaline pump and pulses quicken. To help you not just to staalive but feel alive. The new cclass is no exception. Its a mercedesbenz, through and through. See your authorized mercedesbenz dealer for exceptional offers through mercedesbenz financial services. Dagen the last big chance for the candidate to make an impression on the voters. We set you up for tonights president ial debate. Which candidate has the edge when it comes to Foreign Policy . There our talks about iran talking with the u. S. Joe bidens brother and the contract going to his company. Stocks now and every 15 minutes. Nicole we have to keep this in mind. You are talking about north face brand, timberland, wrangler, just to name a few. They came out with numbers that seemed like they were good news. They were not as good as what some of the analysts were expecting. As a result now, the stocks get hit pretty hard. It is down nearly 4 . Quarterly earnings beat the street. The profit for the full year was decent. North face sales are up. North face, they are a cold weather brand, did not do as well as analysts were hoping. You do not meet the streets expectations, the stock has that kind of reaction. As far as the dow, s p and nasdaq, we have seen them under some pressure. That is what we see on this monday after a 200point loss on friday. Connell thank you. Heading into the Vice President ial debate tonight. Doug schoen, former advisor to president clinton is here. Tell us what is really going on. Doug, you are the polling expert. Who is winning right now . I think it is a type. The momentum is with governor romney. Connell who would win tonight . It would be pretty darn close. It would only be a guess. This is as close, translate, to a statistical tie that you will ever see. Connell some people say Foreign Policy, people are not as tuned into that as the domestic economy. Any little move or mistake could matter. First of all, it is like a seventh game of the world series. Every pitch from the first inning is so crucial because it is so close. Tonight debate is Foreign Policy and national security. Defense spending and defense cuts. If they talk about that, that could sway votes all across the country. Connell if you are romney, bring it back home. If you are romney, do not make a mistake that could hurt you for the last two weeks. No mistakes. You want to pass that threshold for an hour and a half. I am a reasonable commander and chief. He will have a good night if he does that. Connell a lot of people think he made a mistake without libya was handled. How does romney come out, if that was a mistake in terms of letting an opportunity go. It was a mistake facilitated by candy crowleys interjection. The largest problem was the governor did not have a narrative about what happened in libya, what our failings were and what we need to do now. If he is to win it, he needs to address those questions tonight successfully. Connell i assume we will see a similar president to the one we saw at hofstra the other night. We have a leaked article. Clearly leaked this morning for the debate tonight. [ talking over each other ] throwing the cia under the bus about the information about benghazi. That is number one. You just put on the iran story came out over the weekend. That is another week by the administration. They are trying to diver attention for tonights debate. Connell they denied it, of course. If you are president obama, are you less confident than you would have been about this debate when it was scheduled . Foreign policy, the president has an advantage. This was scheduled a long time before the tragedy in libya happened. Bottom line, the president did very well in the last debate. He managed to make the case that the administration had been responsive. He has to do that again. If you look here, i believe this is the Foreign Policy numbers that are up on the street, bottom line, he has a narrow advantage. He has to widen that advantage. That could be worth a critical point or two in the election. Connell you know it is close if doug schoen does not know who will win. Thank you both very much. Dagen we have been talking about it all hour, Foreign Policy in the spotlight tonight. What about the report that the u. S. Is ready to sit down oneonone with iran. It has been denied. Who is better equipped to deal with that . More from our very own Charlie Gasparino. First, take a look at treasury market. When will we deal with the 16 trillion debt . Probably not until the yield on the ten year treasury is a whole lot higher than that. I have your fox business three. Federal regulators have hit associates for 14 million in sanctions for unfair practices over a nontraded Real Estate Investment trust. The firms founder has been fined 250,000 suspended from the industry for one year. Fedex does not expect to see record it expects to handle more than 280 million holiday shipments. That is up 13 from last year. Shares of dish network are higher today. It settled a long lawsuit. Amc chan