As the republicans look strong and the breaking news on tumbling oil and gas prices. It is going to jam some more cash into your wallet. It is a big day. Varney and company is aaout to begin. Stuart this is the blockbuster news of the day on the markets. It is not stocks. It is khalil and by extension gas prices. You are looking at a three year low for oil. You may ask what is going on. The saudis cut the price of oil just like that. There is a flood of cheap crude heading our way. Now look at gas prices still falling at any gallon a day, regular averages 2. 97, that is a four year low for gas prices. Oil dropping like this means another drug for the price of gasoline. Tell me. Absolutely. This is really exciting. The market is going nuts today. Oil prices last night finally slid under 80 an overnight drop as low as 75. This opens up a new chapter of falling prices. This could offer an National Average in a 2 enumclaw, perhaps even more. This is developing. We will see how low oil prices go but it is realistic. Stuart it is happening now. This coming week you will see another leg down for gas prices. I say advice to consumers dont philip your gas tank today. Wheat until the weekend, might be a few, 0. 10 cheaper may be. Stuart absolutely. Maybe not 0. 10 but certainly a few cents. More portly to motorists is the will decline and the tip of the iceberg is prices drop more dramatically than next week or two or what it means for gas prices anothee round of big drrps. Stuart is it still the same gas station in spring, texas, phillips 66 . Yes, 2. 25 this morning. Stuart they havent come down. That is interesting. I thought they might come down a bit today but a mere 2. 25. We have been trying to call them. They are all out side pumping that cheap gas, 2. 25. I dont know why anyonn would answer your call, the most popular show on fox they should take a. Stuart by this weekend do you think there may be one station somewhere in america that charges 1. 99 for regular . If you have 2. 25 in texas surely somewhere has 1. 99. Not quite yet. Maybe the weekend following. Stuart gasbetty. Com, we will see you again soon. Check the big board. 3 the markets not exactly a holding pattern, holding at 17,300. Of course it is election day. The jobs report comes out friday. Energy and oil, not exactly hurting the market but hurting the dollar because exxon and chevron are two dow stocks, trying to undercut our energy producers. Those stocks are down. That hurts the dow. Ali baba hitting a new high today, first Earnings Report as a publicly traded company out today, 54 jump in profits. Gordon chang, skeptic on china joins us in a couple minutes. He is a believer in ali baba. Now remember yahoo still owns 16 stake in ali baba. It is a proxy for that stock hitting another record high. Is that right . It was 47. 07 earlier today, 6. 54 on yahoo now all. Stuart microsoft shares adding a new high. 47. 50 earlier. I do alone a very small piece of microsoft hints the special effect. Sorry about the introduction. Look who is here. Get that money off the screen. bret baier anchors special report and will enter foxs election coverage. No trumpets . Bernard when you might get a heart. 7 00 tonight, 7 00 eastern you will be on the air. Is that when we might get our first look at how things are 3 going . We start at 6 00 but the first polls close at 7 00 and we will get a feel for how the night is going. You have New Hampshire which we wont be close to a call at that point looking at that raise again. You get a sense of where republicans are in these early stages, ga. Down south with david perdue and michele none, how that race looks. The interesting thing about these raises is early voting has increased dramatically in all these states and were going to have a lot of raw vote total and exit polls to be able to look deep into making calls quicker. Stuart i think the team million early votes counted in 32 states, you will have a very strong indication how things are going when the official results start to come in. Cowher reddick at 75 of the vote already in by the time the polls close because of the early voting, the ballot mail in. Stuart when you get the results at that time, early voting. All dumped right there. Stuart this morning the Washington Post saying there is a 90 probability, sounds like a certainty to me that the Huffington Post says it is 79 , n. Y. Times 70 . That dont get that. It is all models based on looking at trends in all these states and how things are lining up. It is all determined by who comes out today. 3 a lot of these races how one in two points and they could swing either way. The environment as we have been talking about clearly favors republicans and if they are able to take that way of we could know the ssnate tonight and not have to wait for these runoffs in louisiana and georgia. Stuart when you dont take sides. I have been saying this is a referendum on all government all the time. Basically on president hink i framed in those terms . Republicans trred to make it that in these races. They have run ads, tried to pin these democrats to president pobama because a lot of this stage, seven of the states tonight mitt romney won by double digits in 2012 so you have a scenario that they are trying to link them to president obama. I do think the administration will have a hard time saying it wasnt a referendum if republicans get the senate especially after the resident said all his policies are on the ballot. Stuart when you really flattered me last night. I will picture on the screen. An impressive group. In this. I happen to be passing the green room where the team was established and they said come john in and somebody took a picture. You ran it on your face book page. And august grouping. Bernard when you can come on this program any day. What time you going to go to bed tonight . It will be a long evening. Stuaat you probably doubt that you will get a term results in the senate by midnight tonight. Probably not. Probably not. Alaska closes at 1 00 a. M. Eastern time and that could take a long time to get those results. If they are waiting for alaska we wont know. Stuart bret baier, the star of special report and you will be a stock tonight. Good to see you. Much more on our election coverage on varney and company. Karl rove joins us in half an hour. I am saying flat out this is a turning point, the end navy of all government all the time, perhaps karl rove will agree with me. We will see. In the next hour llu dobbs will invade. You will watch him at 7 00 tonight on the Fox Business Network, first results and just as important Market Reaction at 7 00. Neil cavuto takes you through the rest of the night starting at 8 00 p. M. Big day, all the big names are here, the Fox Business Network. Got to get to ali baba, the stock of the day, record high, strong profits but we have a china skeptic with us, gordon change, why dont you think that ali baba will keep it up . Consumption in china is stagnatinn. Retail sales are not growing at a 12. 0 rate beijing claims for the first nine, if you look it listed Chinese ConsumerProducts Companies it was down 4 3 following declines of 6 in cute to, unilever china sales, down 20 , look at chinese retailers listed in shanghai, and walmarts . The International Division said samestore sales grew every country in the world except china. Stuart put that chart on the screen again because investors dont believe it, theyre skeptical of your point of view. That chart is straight up to 1. 04 sense. Why dont you trust their numbers. Investors to trust their numbers, why dont you . If you look at their retail sales number which is the proxy for consumption which investors look at that number includes not just retail sales but also includes everybody thinks Government Procurement and unsold inventory so what youre getting is a skewed vision of chinese consumption so you start to look at the other numbers and i dont go for all of them. Stuart this unsold inventory mean they classify that as an asset on the books or sale retail sales according to the bureau of statistics. They include Government Procurement in that retail sales number which really sort of skews things because Government Procurement really depends on other things rather than consumption. Bernard when you dont trust those numbers, you never have. You can see from the results from audited financial in these companies that have reliable professional looking at their books these numbers are uniformly down especially q 3 where you see a sharp plunge in results. Stuart you are not a financial analyst. You doot look at the stock price, i understand that but you look at china as a whole and you forecast a dramatic slowdown in china. When is it going to happen . The slowdown is occurring now, property sales, Property Values down five months in a row, you see monthonmonth decline in Property Values in china. The economy growing at 2 , maybe 3 . That is a real problem because over the long term you cannot have vibrant consumption a new certainly cant haae a 300 ali baba stock price which some people talk about. Seems to me know counterintuitive. Stuart when does the crunch happen . When the icc had line . Going to see that. When you are starting to see the symptoms that are occurring now, it has got to be months, half a year, whatever. Stuart that is dramatic stuff. You realize that. Look at the underlying funddmentals of the economy chinese leaders can postpone the symptoms but cannot our run the real problems they are facing because they have those head winds and those will defeat them in the long term. Stuart gordon chang, thanks for being with us this election day. It is the most successful video game franchise of all time and it is calls call of duty. The new edition is out today. Would you believe it will bring in 500 today. Democracy is not what these people need or even what they want. Ended hasnt worked one time. Ally bank reay s dden fees on savingsccounts . Thats rit. Its just that im worried about you knowdden this. Okws at . It. No hidden fees, from theank where no branches equals great ras. A dry moutcan be ale common side effect. Thats why theres bione. It comes in al rin, spray or gel, so theres moisturizg reef for everyone. Biotene,or people who suffer fm a y uth. Ghave a nice flig r bag right hehere. Traveling can feel lik onbig mystery. Ure never quite sure whs coming your y. But when youve got an entire company whif we cant get your onthings there too. Nothing more People Choose deltatha. Stuart we are down 65 points, 17300 precisely, where it is gold, down, not much. I call that dead flat. Where is the yield on a ten year treasury, no reel action in treasuries, all the action is frankly in oil which you can see on the bottom lefthand side of your screen at 76 right now and michael course used to be a gangbuster stock but not today. Did he quit shopping . Right. Really, i would love to spend today shopping but it is so not me. Lets talk about stock. Stock is down 7. 7 , 7. 93 a share, down 11 , on the latest quarters they saw growth in north america, revenue growth, european revenue more than doubled, samestore sales increased 41 the it is going forward, the Holiday Season is looking tougher. Some of the analysts say there is a little over exposed at this point and also discounting a be another factor. Everybody likes a bargain. Stuart ill always judge this by going to an outlet mall before christmas and look at the lines. Last year there was accused light outsiie the store, not much outside michael course. I thought that was a good stock market indicator. It is and they have taken a lot of market share but we will see how the Holiday Season goes. Stuart thanks very much. The company was down a a little today. Now look at activevision, it is down today. Had a great run up recently. Call of duty, advanced warfare is out today. The most highly anticipated video game of the year. One of hollywoods biggest stars, kevin spacey plays the lead role in the game. The entertainment franchise, quite a thing to say. And Technology Consultant is here. Apart from kevin spacey that is a huge draw, the melting of hollywood and game. What is so good about this . Bring in half a billion a day. People engage with the franchise itself, every year people by the installment no matter what. Stuart is that good . It is much better, they had a tough time. This review has been stronger. They are coming off destiny was released a month ago, reviews were not good. That dropped four five points in u. S. Seeing it come up again. Stuart have you seen this game . I have played it. Stuart you would give and how many of 10 . Oh my gosh. I would say it, 5 or 9. Really enjoy it. It is quite strong. Stuart looking at the graphics it looks real to me. Kevin spacey appears in the game, he is not the adding machine gun. He is a despotic power hungry character. Stuart he is himself. He is not kevin spacey but you can see this image. He looks like kevin spacey and tell instantly and his voice is there and it is remarkable. Stuart i dont know much about games. My generation doesnt do it but this is the firstttime i can remember where a bigname hollywood actor goes front and center in a video game. It is rare. There have been a lot of factors, and harris is rare to see the face actually making the appearance in the game. Such a recognizable face as kevin spacey people know instantly this is a bigname actor. You have this hollywood audience and bringing in the gaming audience that love this franchise. Stuart activevision is the leading Gaming Company bought a long way. They got competition as one of the bigger ones that activevision stuart call of duty is an amazing thing to say. The biggest entertainment franchise in history. People forget how big video games are but they sell for 60. Stuart my generation doesnt no. Stuart my hand counts for these days, and i coordination. Is extremely important. Stuart wait a second. I got to show the audience a picture. The recognize this character . Show the picture. Do you recognize him . Of course. That is ed snowden, isnt it . On the right but the guy on the left in his halloween outfit, you didnt have to do much, that is you are a ed snowden lookalike. I have been getting a 4 year now. It takes five minutes. President obama weighs in on the war on women and it sounds like he took a shot at stay at home moms. We will play it for you in a moment. 3 are sll on for tomorrow . Tomorrow. We can come back tomorrrow. And we promi tkeep it that way. X. Ow tomorrow moves. And we promi tkeep what a day. Cant wait til torrow. My motheits delicious. Toffee i. So now we turd he toffee into a buness. My goao take an idea and make it happen. Im janet long and i formed my Toffee Company through legalzoom. I never rd make money doing wt i love. We created legalzoom to lp people start theirusins anlaunch theirams. Go to legalzoocotoda and make yr business dream a reali. At legalzoom. Com we putthe law. Stuart big names making mooes. Burger king, higher sales but they posted a loss because of the cost of the tim horton deal down 1 . Another big name, big move down price line, oh oh, they made a disappointing forecast, down she goes 9 . That is 107 down. That is a drop. A Campaign Speech in rhode island president obama called for more taxpayer spending on preschool. The wwy he said it appears to take a jab at stay at home moms. Sometimes someone, usually mom, leave the work place to stay home with the kids which then leaves her earning a lower wage for the rest of her life as a result. That is not julies we want americans to make. Stuart one problem with that, with fbn and want to tip the it . They make at least . Is it wrong choice . We will ask the chicken on the right what they think, those two next hour. For where is intact for you. A small what copter you run your wrist. It flies off on your command, snapped the picture back at you, lands on your wrist. Is being billed as the ultimate selfy machine to adjust nick halfMillion Dollar friis in intels make it workable contest, the creator will be here next hour to tell us how it works. Am very interested. I love selfys. Look at the casino stocks, las vegas stands, mgm, they may big bets on chinas gambling mecca known as macau, might not be paying off, the Chinese Government down. Gambling revenue down 23 year over year. The biggest duck line in history. More Coverage Later in this program. Coral world is here. Walking into the studio. Hear that music . Reminds me of another moment. He is next. [ hoof beats ] i wish. Lease, please, please, please, please. [ male announc ] t wish we wish abovl. Health. So we quiselling cigarees our cvs pharmacies. Expanded minuteclic, for walkin mecal care. Ancreated prrams thatncourage people to take thr medication gularly. Introducing cvs health. A new purpe. A w promise. To hp althose wishes co true. Cvs hlth. Because health is erything. Cvs hlth. Yo custome, our finaing. Your aspirationsour analytytics. Your goals, our technology. Introdbringing new meaningl, to the word partnershi nking. Loyalty. Analyts. Enagage with us. Cial. Stuart coming back a little. I will call this a flap back it. Here it is the big news on the day. Illegal. Deciding to cut the price. Down nearly 3 . A three or four year low for crude. Oil stocks, they come down. That accounts for much of the loss on the Dow Jones Industrial average. The secondary storage, gas. The National Average is now 2. 97. These are states where the average price is under 3. Where is the cheapest gas in the country . Same place. We keep trying to get them on the phone. They are out there pumping that very cheap gas. Look at ali baba. A jump of 54 and profit. Yahoo ownssa 60 stake in ali baba. This man here is rich edson. Live in the studio in new york. Give me the lead issue. With talk about minimum wage, stuart. It is a nonbinding road. To 10 an hour. Stuart all of them would raise. Right. Stuart do you have any idea whether or not these measures will pass in those states . It is. Stuart i guess it is in easy pull of the lover. Plenty of other issues. There is gun control, there is gay marriage. When it comes to what people feel about the economy, that will decide who controls the senate, who controls