What Iowa millennials want in a president

What do millennials want to hear from the candidates? What are 2016 hopefuls failing to say to young voters? Chairman of the College Republican National Committee, Alexandra Smith, goes 'On the Record'

This is a rush transcript from "On the Record," January 29, 2016. This copy may not be in its final form and may be updated.

GRETA VAN SUSTEREN, FOX NEWS HOST: With the Iowa caucus just three days away, it is crunch time and it could be millennials that really shake-up this race. But what are millennials looking for in a 2016 candidate?

Chair of the College Republican National Committee Alex Smith goes ON THE RECORD.

Nice to see you, Alex.

ALEX SMITH, CHAIRMAN, COLLEGE REPUBLICAN NATIONAL COMMITTEE: Great to be here, Greta.

VAN SUSTEREN: OK. Alex, you're a Republican. I'm only asking you about Republican Millennials. Being out there, what's the issue that grabbed their attention?

SMITH: The issue is undoubtedly the economy. And that's true across all demographic segments of millennials. You know, President Obama in the last 8 years has really hit younger voters and young people the hardest. So that's really what's on their minds. Finding a job, being able to pay their bills, paying down that student loan debt and that credit card debt is a top priority for them.

VAN SUSTEREN: Who is talking about that of the candidates on the trail, jobs and economy? I mean, I hear a lot about immigration, then I hear a lot about ObamaCare. But is anyone talking about jobs on the ground to the millennials?

SMITH: You know, we see some of the candidates like Marco Rubio and Jeb Bush and Rand Paul, who very much use the language of this generation at times to describe their economic policies and they do what I hope all candidates will eventually do, which is talk about sort of an Uber-rization of the economy. Talk about the start-up culture.

That's what millennials respond to. They don't really respond to the old language and the old expressions of doing things. So we see that happening right there. And I think that that's really resonating with them.

VAN SUSTEREN: Do the millennials feel like their vote counts so that they're actually going to show up to caucus on Monday night?

SMITH: I would say generally with millennials, there is a distrust in government. There is a distrust in the process that it will actually work. That they will actually make a difference.

But from the college Republicans that I saw here on the ground in Iowa, they are excited to caucus. They are really eager to get out there and say hear from their fellow Iowans about who is the best candidate. And I think from the couple that I have talked to, they are in between just a couple candidates right now. So it's down to the wire about who they really want to support.

VAN SUSTEREN: Who is your wild guess as the most millennials will be their favorite come Monday night on the Republican side?

SMITH: I have heard a lot of different names. But I've heard a definite range.

(CROSSTALK)

VAN SUSTEREN: Did you hear my name at all.

SMITH: Senator Rubio is really popular.

(LAUGHTER)

You know, I heard Senator Rubio. I have heard Chris Christie. I have heard Governor Bush. I have heard, you know, names that maybe aren't so popular with older Iowans, but very much younger Iowans and younger Republicans are considering them heavily.

VAN SUSTEREN: Well, I will be out there soon. So I will see you soon, Alex. Thank you very much.

SMITH: Sounds good. Thank you.