This is a rush transcript from "Special Report," November 6, 2012. This copy may not be in its final form and may be updated.
BRET BAIER, ANCHOR: We're just minutes away, again, from the battleground state of Virginia closing, the commonwealth of Virginia. Let's bring back the panel.
We've been focusing a lot, Brit, about Virginia but as we talked about with Charles, it's so much broader than that. What about what we're seeing about the electorate tonight and early, the turnout we're anecdotally getting that the turnout is high, but we don't really know what the electorate looks like.
BRIT HUME, FOX NEWS SENIOR POLITICAL ANALYST: Well and we also don't know, for example, whether, for example, there's a high turnout in what have been democratic areas, whether those people are all going to vote for the democrat.
I know that's a pretty good indication, but this is an unusual year, we have seen unusual things all through this year.
I think the thing to watch is the independents and how they break and as we get more exit poll data, plus some raw data, we'll have a better feel for that. Romney needs a distinct majority of the independents, it seems to me, to win, and if he gets them, there is a very good chance he will win.
I think the simplest way to sort of slice and dice the electorate is, if you win nearly all your party, and you probably will, both candidates will probably do that, and you win a distinct, I'm not talking about a slight, but a distinct majority of the independents, you're going to win the election.
So, if we're looking for one thing throughout the course of the evening, that is a very good thing to keep an eye on, and it may be that before we even have the, you know, much of the raw data, we'll have a better sense in the exit polls than we do now about how the independents are breaking.
In the early cut, they were breaking slightly for Romney.
MEGYN KELLY, ANCHOR: Obviously we're focused on the presidential race, but we're watching these Senate races in particular, and some of the House races. And in the Senate, one of the biggest races that's gotten the most attention Juan is this Elizabeth Warren, Scott Brown in Massachusetts.
How important is that race tonight?
JUAN WILLIAMS, COLUMNIST, THE HILL: I think it's a really telling race because if you'll recall Megyn, Elizabeth Warren left the administration in the midst of a big fight over her confirmation to kind of be a consumer surrogate for the nation and Republicans wouldn't confirm her.
She decided she was going to go out and run, and run against a man who is really sort of a moderate Republican. And again, there are not that many moderate republicans but she has managed to make him into a surrogate, if you will, for all Republicans in a very blue state, Massachusetts, and you're running for Ted Kennedy's seat.
BAIER: And Kirsten, there are some races that coincide with get out the vote efforts by the presidential race, for example in Wisconsin, the Tommy Thompson race.
There, the Republicans are hoping he can pull off a win there and Romney is hoping that he can pull off Wisconsin.
KIRSTEN POWERS, COLUMNIST, DAILY BEAST: Yeah, I mean, I think overall in the Senate, we're probably not going to see much of a shift, which is interesting when we think back about a year ago, I think people were thinking Democrats were defending so many seats and they were going to be in trouble.
And Elizabeth Warren's seat is important to people because she is kind of this liberal hero and I think people are feeling she's a couple points up and have an expectation she's going win or going to be very disappointed if she doesn't.
KELLY: Steve, stand by, we're going to get your thoughts in a minute, and several times throughout the night.
STEVE HAYES, SENIOR WRITER, WEEKLY STANDARD: Sounds good.
BAIER: Several times.
KELLY: But first, the first race calls of the night when the polls close in just minutes.
BAIER: Then the analysis. Charles Krauthammer is back, Michael Barone, Laura Ingraham, and yes, Bill O'Reilly. Many, many more. Stay with us.
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