Fox anchor Bret Baier: “This dichotomy between how Wall Street is doing and how big business is doing and how you feel about it at home is something Republicans really have to look at closely”

Baier: “This is a big loss. ... The spreads here are surprising, maybe not the results but the spreads.”

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From the November 5, 2025 edition of Fox News’ Fox & Friends

LAWRENCE JONES (FOX NEWS HOST): Special Report anchor and executive editor Bret Baier, he is also the chief political anchor for the network. Bret Baier joins us now.

BRET BAIER (FOX NEWS ANCHOR): Good morning.

JONES: Good morning. Bret, big picture, looking at all these different races, I know they are strongly Democrat areas, what can the Republicans, what should the Republicans learn from that night?

BAIER: Couple of things. This is a big loss. It's, you can say that these states were traditionally blue, but you can also say heading in there was this thought, especially in New Jersey, that Ciattarelli would do better.

The spreads here are surprising, maybe not the results but the spreads. And if you look inside the numbers, there are some dangerous things. One, young women overwhelmingly, New Jersey and Virginia, supported the Democrat, based on the economy, on immigration, maybe those ICE images. The affordability push by Mamdani really sticks. And that's basically inflation and how people feel about the economy.

So, this dichotomy between how Wall Street is doing and how big business is doing and how you feel about it at home is something Republicans really have to look at closely. But, look at this spread in Virginia. It's massive.