[closing bell ringing]. a deal to have a security networks but not for blackberry but for other systems. >> this got exciting in these last couple minutes. a big deal in the oil services space. this as oil falls to a four-yee low. closing bell rings. let's see where stocks finished up. we started to see when the deal was released. s&p stopped back into positive territory. it was touch and go. one point gain here. dow industrials up 37 points. nasdaq see as gain of five points. "after the bell" is starting right now with a lot of news so don't go away david: i was pointing by the way to the russell 2000. the russell 2000 was almost down a full percentage point so it was a mixed decision on today's markets. bernie williams is u.s. double a investments.

he says u.s. stocks may be overvalued. will tell awe better place to find value. joe duran will tell us what could bring the market to an end. larry shover in the pits of cme. i have to start with oil and four-year low on oil and it ain't over yet, is it? >> i don't think it is over. it is on its niece. the -- knees. the supply overhang and opec is producing 500,000 barrels over the quota they stated. they will not do anything over thanksgiving is what the consensus says. with that demand is lumpy at best on products side when you include europe and emerging markets. brent at 70 and 65, why not, probably see that by end of the year if things continue as they are today. liz: as they are today. well, today, joe durant, we saw a big deal according to "wall street journal," according to those that missed it, baker hughes and halliburton may be

linking up. could be halliburton is making a play for baker hughes's competitor in oil services industry. both stocks spiking just before the close. joe, what does this tell you? is the bull market still alive and kicking as we continue to see mergers and acquisitions? >> it definitely is and something like that really reignites a truth which is when interest rates are low, you can use leverage as a big corporation to take advantage of that, either by buying back your stock or buying interesting companies. and so what you're going to see now, this will create a floor for those energy service stocks that have done very poorly. what you see when you have a weak market, the strong players take advantage of it to get size. this might create a little floor on one weak part of the entire energy complex and stock market in general but low interest rates make it very easy for companies to take advantage the capital structure. david: no, it is a perfect time for a deal no doubt on oil but, bernie, i have to talk what is

promoting the low price of oil? there are a lot of things of course but nothing probably more specific than what saudi arabia is doing. they are continuing to pump like crazy. that is driving, what is the possible floor of the oil price? some people say it could go down to 50? >> well, it is real tough to call that possible floor because oil is priced after the last barrel that's produced. so you know you could get down 10, $20. i don't think that will happen. now i think at this price, you're probably just taking out some very marginal, high-yield players in the market. some of the e&p players could go. i think at this price, oil companies are still very profitable and oil field service companies will still do quite well. liz: okay but what -- >> don't forget we have improving economy. liz: very true. an improving economy due in large part because perhaps people feel a little more comfortable spending more money,

right, bernie? they have more due to lower energy prices? >> absolutely. this is a little bit of an early christmas present for consumers. it is also great for much of the transportation industry. the airlines which are already at capacity, have very strong pricing power. now you're lowering their costs due to fuel. same thing for truckers, the cruise lines. there is a lot of benefit to lower oil prices particularly for the u.s. david: joe, on the other hand we do have this winter storm coming in november. we also have the results of the election show pretty clearly that the public is still concerned concerned, very he concerned where they stand in this economy and they look the at dow jones industrial average, my god, all-time highs today, hugely, you know, just continues to go to highs. why would you bet, as you suggest we should, on the spdr, dow jones industrial average spdr at its highest point? >> yeah, i think again, we're

going to have increased volatility because the fed is stepping back. we are on the back end of a 2 1/2 year amazing rally, 250% rally we've had. so that is historic rally we've had. we still have a lot of people not participating. so it has not broadened out. the red flag should come up and the concern should come up when everybody starts talking about the stock market and interesting as it is, that several, 50 new highs and it hasn't yet caught the imagination investor. david: now, joe, i'm thinking why the dow jones industrial average is at its all-time high why would you choose spdr for dia rather than go for individual stocks that may look like bargains? >> when you have higher interest rates the big can use their size to take advantage of it and we think again, it is not happening today. you want companies to pay dividend and size to take

advantage of higher interest rates. smaller companies. this is why you see small caps do worse. if interest rates are going to be going higher, it is harder for them, they don't have the flexibility on their balance sheets. so what you see later in the market cycle as we are today, you want to be in companies that can withstand climbing interest rate environment. huge fan of dividend growers. if you don't like dividend growers, you want to be with the biggest companies. you want to see areas that lagged like europe and emerging markets take off. and the big big cap names will take advantage of it. we see the flexibility. capital structure flexibility and international reach of the big companies makes that a way you want to be invested. liz: larry -- >> especially if you end up having more volatility which we'll undoubtedly have given we're on the back end of the most historic low volatility period we've had in a very, very

long time. liz: larry, joe is sounding a very smart message. that is, you buy best in class and just make sure that you are at least in with the companies that stand any potential downturn. that said, look at treasury yields, 10-year is 2.35%. is there any message being sent? what level does it need to touch before you guys in the pits start to say, uh-oh, watch out? >> i think liz, in the present environment if we see 3 and a 1/4 or 3 1/2, late-stage baby boomers at 3 1/2% yield i'm a coupon clipper, instead after taking rick after drawdown you can't recover from. seems like that is the sweet spot. to get to 3 1/2% from where we are now is long road to hoe.

it could happen quickly especially if we get inflation. nobody is expecting to us get it. that is the one outlyer i think we get toward the middle of next year. david: bernie, talk tech for a second. you like semiconductors and microsoft. i'm wondering why you wouldn't go for intel in this market if you like tech? >> well, we do, we like intel too. we own it, but i think there is more interesting plays such as nxpi which is in the security or auto business. that have higher growth rates for the foreseeable future than like intel. intel is nice stable play with a dividend. i think you get much higher growth rates out of nxp for something like that. david: gotcha. liz: i see you also like sandisk which has been very interesting. i mean they have kind of transformed their business and on top of it this is a time where you watch that company for commiditization because sometimes there are supply and demand issues that affect sandisk but look at the

year-to-date chart. it is stunning, isn't it? >> yeah, it is. now we've been in that stock for over a year. that industry has rationalized, so pricing is not as cutthroat as it used to be. you are getting a ramp up in the type of memory they supply. for example the iphones and enterprise. there have been recent upgrades, talking about the impact of the japanese yen but that is just icing on the cake. i think this is a story that can still work for quite some time. liz: good to see you all. thank you so much. bernie williams, joe duran and larry shover. david: by the way, guys if you were wondering it is another high for the dow jones industrial average, a 40-point gain on the dow is another record high. liz: david, baker hughes, we reached them. a spokesperson is saying our policy is not to comment on any kind of news surrounding things like mergers and acquisition. david: stock is still up big time. as freezing temperatures hit the midwest, consumers may soon

have to pay more for heating costs. the cause? believe it or not there is a coal shortage. we're live at a illinois coal yard with the details. liz: widely-held stock, might be in your portfolio, cisco. shares in the green today despite delivering disappointing guidance but it beat on top and bottom line. what are investors seeing for the future? how does this tech giant feel about possible plans by the president to regulate the internet? we've got john chambers, cisco chairman and ceo. he joins us live next. david: and the keystone pipeline, is it a day late and a dollar short? they're just about to vote on it. is the president's coming immigration amnesty an impeachable offense? new research may have the answer to a big question, can money buy happiness. we have all that and a lot more ahead with our panel in just a moment. ♪

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liz: breaking news hit right before the closing bell. halliburton may buy baker hughes and that is according to "the wall street journal." david: it is affecting values in a big way.

let's head back to nicole petallides on the floor of the nyse for details. >> it was exciting last few minutes of trading as baker hughes and halliburton stocks shoot up so so much that baker hughes was halted for a bit and reopened. look at high of the day on halliburton it finished up 1%. baker hughes finished up over 4% and high there was 61.76. these are two huge obviously oil field services companies. and this would be the largest energy deal we've seen in years. baker hughes with $22 billion market cap and halliburton has 45 a billion market cap. the baker hughes spokesperson says our policy is not to comment on market rumors or speculation. this is developing story and at the moment they're not commenting on it. liz: nicole, thank you. if you get anymore interrupt us. let's go to cisco systems.

after the bell it topped wall street estimates. revenue rose from a yearing a to $12.2 billion. that is a new record. shares immediately climbed after a the report but immediately leveled off after it lowered guidance for the third quarter. this is global company, folks, that can give us a sense which countries are getting healthier by the minute and which are fumbling. john chambers, cisco chairman and ceo joining us. the bell closed. you saw gain of 2 plus percent for the stock. pennies off your 52-week high. we're really interested to hear, john, the strongest part of the of the business and what i could sense from my research back to your knitting, networking and switches which made cisco famous? >> well, liz, you're very kind in your comments. if you watch i would give us pretty high marks of doing well in a very difficult market. secondly what you and i started talking about three years ago about cisco transforming itself we've moving from selling

routers and switches to selling solutions we're well on our way of doing that. finally we're getting our technology and business trend right. what went well in the quarter, the u.s. went very well, not counting surge providers it grew 12%. surprise for many listeners, europe in my opinion is stronger than most people realize at least in our view. we saw europe grow 6% and southern europe which hasn't grown in years grew 20% in total across all major countries except france. to your point we turned back very positive on our switching growth. in the data center we grew over 10%. we put to bed anybody who was concerned about a, what they call software to find networks killing our gross march inches about. our gross margins went up and we're going to own that marketplace. wireless grew very, very well for us. it was a very solid quarter in a tough market. but perhaps the most exciting thing, liz, is what you and i talked about, every company, every city, every country

becoming digitized, it is happening. we're right at the sweet spot on that. >> we're at the sweet spot. you're at the sweet spot. but now we're talking about net neutrality which might very well mean you pay to play, pay for speed, depending on who whips, or if the president would like to get his way he would like to see it regulated and internet watched like a hawk and treated more like a utility. you said in the past that could be dangerous. tell us why. what do you fear the most with net neutrality? >> sure, liz. if you talk about every country becoming a digital country and in that, that will change the gdp of your country, $19 trillion in profits at stake in cost savings, change your education, your health care, your smart cities, your traffic flow, et cetera, every country that talk to the leader, whether it is merkel in germany.

hollande in france, cameron in the u.k., they look how they make their countries digital. that is all about broadband being pervasive.and broadband bo all to use on specific application areas. you see the same thing out of president park in south korea, out of president pena in mexico. >> who is the fastest? i believe japan has superfast internetconnections, right? would you believe -- >> they're starting to. >> if our, if our companies were faced with governments treating them like utilities would they just stop investing? is that your biggest concern? >> they would, liz. i think that's where we're losing track. if you want to buildout a digital country which this country should be in, you figure out how to get broadband pervasive. that means you don't go back to 1950 mentality how you used to regulate voice. i find it ironic europeans look at americans that last four years you got your act together

at broadband expanded at very fair prices. we should be more like you. this is the bought left, regulator level and company level. here we're looking to model ourselves after europe. it makes no sense. this isn't about service providers or suppliers to service providers this is about the gdp growth of our company. liz: let me jump in, john. we have to move on with breaking news your cfo mr. calderon is moving on. there is change at top but not really. you've been there for 23 years. wish we had a old picture of you because you arrived at cisco in 1991. any word, john, when you say, i've done enough i'm pretty happy with leaving it in somebody else's hands? >> well, liz if you think about it, this is like my family. i want my family to do better after i move on. my decision on cfo will have no implications when i make my transition but it's a great time to be at cisco and we're finally breaking away from our peers.

it is very exciting here. liz, maybe you and i might do interview at the right time when i do decide to make that decision. david: liz: i will see you in davos. we'll talk about that next. >> would i like, that liz. liz: john chambers, chairman and ceo of cisco. stock gaining 2%. thank you to john chambers. we have a new study revealing answer to the age-old question can money by you happiness might be answered like this. we've got the result in a little debate on it next. tell us what you think. send us a message on facebook or tweet us @fbnatb. does money buy happiness? your answers coming up, david. david: i don't think it does. consumers face unexpected challenge this year, a coal shortage could force them to dig deeper into their pockets this winter with heating costs. we're live from a coal yard. congress is expected to vote on a bill to approve the keystone pipeline tomorrow. the president may veto it. with oil prices tanking, has the president stalled so long that the pipeline's viability is

over? three major companies are looking to hire thousands of employees. we'll tell you who they are and what the jobs are and where to apply. that is all coming up. ♪ so i can reach ally bank 24/7, but there are no branches? 24/7 it's just i'm a little reluctant to try new things. what's wrong with trying new things? feel that in your muscles? yeah... i do... try a new way to bank, where no branches equals great rates. (receptionist) gunderman group is growing. getting in a groove. growth is gratifying. goal is to grow. gotta get greater growth. i just talked to ups. they got expert advise, special discounts, new technologies. like smart pick ups.

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liz: as freezing temperatures sweep across the country, a coal shortage may force many americans to face unexpected challenge this winter. david: with all the coal in the ground hard to believe. jeff flock joining us live from a coal yard in romeoville illinois. more on beautiful evening, jeff. what is caution the shortage of coal? >> well the problem is you got to get it from where it is to where they need it like a power plant right here behind me outside of chicago. this is the nrg plant. you see a pile of coal. i tell you that pile needs to be a lot big. look at stockpiles over the cores of the last couple years. i broke this out last five years. if you look up close an personal the last several quarters, stockpiles have been cut in half from what they were at very low level because there is a problem with getting coal where it needs to get. we talked to the eia, that told

us as plants rebuild their stockpiles from last year's freezing cold polar vortex winter, many operators are trying to get shipments of coal well above the levels they received last year. issues with delivery by rail make it difficult. why is it difficult by rail? we have a boom in the oil fields as well as a huge grain harvest. 2/3 of the coal used in the electricity in the u.s. comes by rail. look at rail map. this is bnsf lines, mainly in the upper midwest. a lot of the coal, the nation's coal, 40% comes from the powder river basin in wyoming, getting it where it needs to go is primarily by rail. now with at love that rail being used up by the oil producers, take an overlay of the xl, keystone xl pipeline. it is in blue there. the lower portion has been already built and is operating.

that upper portion though, would take a huge strain off of this shortage of rails right now. but we've got a lot of people compete forking very small number of railcars. it is not going well right now. liz: jeff flock, thank you very much. live from a chilly illinois. dave. david: perfect segue for our next segment. house set to vote on the approval keystone pipeline tomorrow but with oil prices tanking is the project still viable after years of delay? we have fox business's adam shapiro. mark newton, and rich karlgaard, "forbes" magazine publisher star of "forbes on fox" or one of the stars of "forbes on fox." rich, you and i have been arguing for this pipeline for years but i'm wondering with the price of oil plummeting is it still economically viable? >> you know, there is a lot of debate right now whether plummeting oil means global economy is slowing down or does it represent the strength of the dollar and all that will be

sorted out? and most of the smartest people say that oil is going to settle in at about $70 per barrel. i think keystone pipeline is still viable and still strategically important at that price level. and, there is nothing better to create more high paid, blue-collar wages that an big project like that is market driven, not government driven. >> mark, could it still provide us with energy and create a lot of jobs? >> i think that is absolutely right. it i will was huge benefit not only to producers but also to gulf refiners a couple of different things. it will cut reliance of crude from venezuela and also saudi crude and actually could help canada almost double output. instead of trading with other partners we could trade a lot more with canada. all those are ben its f particularly oil coming down as a method of job creation, that is certainly something to consider. david: maybe we could sell some of our oil to the europeans. the question, adam, political question, i guess, will the president veto it if they approve it.

democrats like mary landrieu will be voting in favor of the keystone pipeline. will the president veto it? >> he may very well right. the house passed this thing nine times. enough democrats could join to override a veto. david: okay. president unveiling immigration amnesty for millions. we don't know details. that is the suggest. -- suggestion. the gop is pulling pushing back. if the president pulls an amnesty what happens? >> it is interesting. nobody wants the president to act unilaterally at this stage. because the gop won doesn't mean americans are necessarily backing immigration reform 100%. i think if anything, more about the economy than necessarily about immigration. one thing i will say the bill is about 1200 pages long. congress has only four working weeks left before the holidays. it will be stuff to get -- tough to get anything through. if we learn anything from obamacare we want to take our

time and study this issue before -- david: may not be anytime, rich, if the president pulls one of these executive action things. by the way a lot of people say if he did amnesty would be like reagan's, reagan's amnesty was approved by congress. the president would do this without approval of congress. some say that is unconstitutional like our own judge andrew, napolitano. let's play what he said and get your reaction. >> you have the president rewriting the law and president failing to comply with his oath. that equals offenses that rise to the level of impeachability. of the. david: rich, could the republicans possibly impeach the president if he does this. >> boy, they would be wise not to even go near that word. you know i think the republicans, i think majority of the americans are on the side of the republicans on this issue, if the president goes ahead on his own but once you throw a word like impeachment out there, the tables turn. they have to stay calm and cool headed here and manage this well. you know we do need more immigrants in this country. i'm not saying amnesty.

we need more h1b visa needs to be doubled or tripled with more skilled workers coming in here. this is time for cool heads and smart heads on side of republicans. david: adam i love immigrants. i married an immigrant for goodness sakes. she became a citizen and my stepson became a citizen. there are a lot of immigrants that said i waited eight years for green card and citizenship, these guys will get it for nothing. >> there is belief, the republicans have to be careful because the 2016 elections is approaching. how will hispanic community look at this but the hispanic community is made up much several different kinds of people. you have nicaraguans, you have cubans and puerto ricans and mexicans. not as if you look at this as one size fits all. david: that's right. >> this is the kind of situation where you know, darkest before the dawn. the president's ramp up, the republicans are, they're not quite ramping up yet. perhaps we will get last minute agreement to do something? david: my wife will send you a check because you mentioned

nicaraguans first. thank you very much for that. that will be coming home a lot easier. >> pleasure. david: they believe the fcc will ignore the president's request to regulate internet and can money buy happiness? we'll debate that age-old question coming next, liz? liz: david, three major companies have nearly 3,000 open jobs right now. details on what those job openings are and which jobs are available. how you can apply. you've got to stay tuned for that. plus the majority of charitable giving takes place during the holiday season, coming up right now. before you open your wallets, we will tell you about a different way to donate that allows you to get an immediate tax deduction. and, one of these cars was named "motor trend"'s car of the year. which one? we'll tell you next. ♪

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liz: guess what was voted "motor trend" car of the year today? volkswagen's 2015 golf models get the prize. the award for all versions of the golf which includes the basic model, sporty gti mod deck diesel-powered and electric model. the magazine says the car is like a small inexpensive luxury car fun to drive, their quote but quiet with smooth ride. to capture the top prize the

golf beat out 23 other competitors. prices very affordable, start around $18,000, david, the golf. david: by the way we have another segment but before we get to our next panel topic, you are our resident car expert. what is your car of the year? >> if i were to pick a car of the year, 50 years in coming, would be a little late, 1964 studebaker daytona convertible. that car you see there. openly made 700. that car comes with a studebaker v-8, 289. the 289 engine, set the land speed record in '63. 200 miles per hour. that was a supercharged engine. you can get that car for 40 grand. there is one for sale in missouri. david: a beautiful car i got to admit. don't buy a car unless you can fix it. i couldn't fix a car like that. comcast, we told you about this, pushing ahead on time warner cable deal. cable stocks moving into the green. do they think the ftc will

ignore the president's proposals to treat it like a utility and get the fcc to regulate it? we have adam, rich karlgaard. we heard john chambers said we don't want to could back to the 1960s, when the ftcc was regulating television. >> i like john chambers. silicon valley is not behind this idea, because it's a dumb idea. i think fcc chairman tom wheeler will do the right thing. i think he is very successful guy. he invested in this field and i don't think he will rubberstamp obama's orders at all. >> all right, well, mark, do you think that the fcc would, could make the internet better? that is the assumption, that the president is making. i think it is a wrong assumption. >> i think it is tough. i don't think the american people want the government in their lives, whatsoever, anything interventionist is

generally disaster. we don't need broadband redistribution now. if anything it is not the government's job to telecom cast how to regulate its content. i think if anything more competition is the better answer. it can provide, you know, better content for everybody. david: okay. we have to move on. a new study survey, attempts to answer age-old question, can money buy you happiness? i want to go first to my friend rich on this one. we have to go to adam. jack ma came out with a statement saying he was actually much happier when he was a poor school teacher than he is now as a billionaire. so at least in one case, jack ma, pretty famous case, the answer is no. >> forget mr. ma, though i would like to have his fortune. my brother has a degree in positive psychology. i will quote him. if you have enough money to meet your basic need, food, health, all of that covered you tend to use your money to buy experiences and not things. that will make you happier.

david: that's a great point. rich, that is a great point, if you have money and just buy cars, say, for example, i know adam would love -- >> be careful. don't be touching on cars there. david: but the fact if you buy things for yourself you will not be happy. if you buy experiences like travel with friend, that will make you happy because you can always reflect on that. >> you know the very first issue of "forbes" in 1917, the founder , bc "forbes," steve's grandfather. the purpose of business is not to pile up riches but to produce happiness. that is exactly right. happiness is living within your means having a greater purpose and sharing your wealth through experiences with your family and loved ones. i agree with that 100%. david: you do need money, mark, to travel. you can't travel for free unless you get a special deal, your wife's travel agent, whatever. if you do spend your money on experiences with friend and loved once, that could make you happy. >> i think that is absolutely right. keep those memories with you

forever. once you buy something and you forget about it a few months later. if anything the more money you have diminished returns for buying anything else. it is really about loved ones, keeping yourself surrounded with friend and family. if anything they have tout that extreme poverty is really difficult and that is where you struggle. all -- david: i covered latin america for 14 years, ago. i saw dirt poor people. i got to say i've known more happy poor people than i have happy rich people. that is my open experience. tough leave it at. that adam shapiro, mark newton, rich karlgaard, great discussion. thanks very much. we've been asking all of you on social media if you think money can buy happiness and comment on the jack ma quote. we have a lot of answers. linda said david lee roth said money can not buy you happiness but you can buy a real big boat to sale up alongside. on twitter, he says he could use a few million of that kind of

pain. todd says yeah being that wealthy must be terrible misfortune. still join the conversation. send us a message on facebook or tweet us @fbnatb. liz? liz: okay, the holiday season is upon us and if you are looking to give back in a charitable way, there is one way to give back and get an immediate tax reduction at the same time. we'll tell you how to do that next. plus we have found three big companies that have nearly 3,000 job openings available right now. what are they? we've got the details for you next. stay tuned. ♪ i'm only in my 60's.

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and could save you in out-of-pocket medical costs. call now to request your free decision guide. and learn more about the kinds of plans that will be here for you now -- and down the road. i have a lifetime of experience. so i know how important that is. david: as wall street fortunes boomed over past couple years so has charitable giving. liz: something called donor advised fund or dafs, saw contributions surging nearly 24% in 2013. what is a donor advised fund? how is it a tax-smart way to donate your money? joining us national philanthropic trust ceo. in a snapshot, eileen, give us a sense what a donor advised fund and why people should consider putting their money in it. >> thank you. donor advised fund is like

charitable savings account. they can open one in a charity, they can name it, put an asset in it and from that make giving decisions immediately or later, so you can get a deduction, giving the gift to the donor advised fund or make granting decisions immediately or save them and make them next year or year after that. you can pass a donor advised fund along to your children. call can make it legacy giving vehicle with a one-time contribution. david: i'm just wondering why not do it all myself? is there a fee attached to this service? >> i know, there is a fee but a lot of people give appreciated securities to their donor advised fund. if you call five or six small charities and said you could take my appreciated securities they probably wouldn't even know how to take them, wouldn't have a brokage account. by giving to donor advised fund, give appreciated securities, make a tax deduction and make small grants to small charities that can use the money and if you try to give it directly to

them in that kind of form they probably wouldn't be able to do it. that is great favor for small charities but a big ones you can give directly. look online, see what you given to in the past, history of your giving, a organized enhanced philanthropy. liz: can i carefy how much the fee is? people are always asking. our viewers want to be smart. how much is a typical fee? >> sure it is less than 1%. start at what we call 85 basis points. basis point is .1 of 1%. less than 1% and includes all the tax filings and online processing, everything you need to keep your donor advised fund alive and well you get for less than 1%. if you tried to do it on your own or want ad foundation it would cost way more than. that you can do it out of your checkbook but giving appreciated securities and online processing gives you a sense you really built something, you have something real. david: donor advised fund is what they're called. eileen, thank you very much. appreciate you coming on. >> thank you. liz: good work you're doing,

eileen. thank you. are you on the job hunt? listen up our own cheryl casone who is an expert at this has been digging very deeply looking for where the jobs really are in america. david: whenever we have a ceo or businessman on we always try to ask where the jobs are. cheryl has been seeking out the jobs. she found hundreds of thousands of them. she joins us with three companies that are hiring. very different kind of company. >> very different of the initial claims coming out this thursday, 290,000. we like to see that below 200,000 for initial claims and tuesday was veterans day. i found companies looking for our nation's heroes. david: great. >> they want to hire veterans. aramark. you know this company, food service, facilities management, hotels they are looking for about 1500 people right now. they're really ready and they're trying to hire veterans. they're part of the 100,000 jobs mission. fortune called them one of the most admired companies in the word, "fortune" magazine. they are looking for people that can do finance, accounting, dieticians, food service facility management. that is one of the first companies i found this week

looking for people out there. liz: there are go others right? >> you know tyco. try not to smirk and, we all know tyco. we remember dennis kozlowski. david: a little baggage. >> you know what? the company completely transformed and completely different from the days of mr. kozlowski. this is fire protection security services. 1050 jobs. looking for veterans, technicians, account managers. accounting. they are really great. they believe in using military experience in training our nation's heroes to transition in the corporate world which can be a difficult transition. david: waste management firm. that doesn't sound very romantic but stuff you can get right into right away? >> well it pays, put it that way. covanta. this is sustainable waste management. they have renewable energy business as well. they have 100 jobs that are open right now. they need people that can do control operators, accountants, business managers, equipment operators, things like that.

15% of the workforce of this country are veterans and they're very committed and i work a lot with recuters get on the phone, every recruiter said these three this week, all veterans themselves. army, navy, they're really committed to changing. not just employment across this country but changing way -- david: we had a company on that focusing on energy and hires veterans to do that work just as a result of our segment they have hired about 20 workers as a result of that. we'll hopefully have one of those new hires pretty soon. >> good success story. david: liz: that was votergy. thank you very much. david: white house and nancy pelosi are pushing back on comments made by an architect of the affordable care act that it was the stupidity of the american voters that spot that bill passed. details coming next. liz: dow jones industrials end at an all-time record high again. what could move the markets even

higher tomorrow? it is tomorrow's trade today. that's next. >> hi, everyone, i'm gerri willis. coming up on my show at top of the hour, your car is recording your every move but what happens with that information? tonight a pledge from automakers but can you trust them to do the right thing? that is just one of the big consumer stories on "the willis report" in just a few minutes. [announcer:]startup-ny.

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>> the white house and nancy pelosi scram brink to push back after obamacare architect jonathan gruber insulted american voters and bragged about deceiving them. yeah after he got $400 million from them for advising on obamacare. rich edson has the story. how is the administration reacting to all these comments? >> they're distancing themselves and president's health care law from jonathan gruber, the mit professor who advised officials crafting obamacare. video was recently surfaced showing gruber explaining that congress could pass obamacare because american voters were too stupid to know what was in it. the white house says they disagree with that assessment. >> there was a steadfast commitment by this administration to, to make sure that people had good insight into the benefits of the law. the fact is we spent a lot of time talking about one of those benefits and that is the fact that individual could receive tax credits from the federal government to make their health care costs more affordable. the fact is i think it is

actually republicans who haven't been particularly transparent and honest about the true impact of those. >> then house minority leader nancy pelosi denied even knowing gruber even though she once touted his experience. >> i don't know who he is. he didn't help write our bill. i don't know if you you have seen jonathan gruber, mti's analysis. >> gruber since said he spoken inappropriately about the law and process that carried it through congress. some republicans are calling for gruber to testify before a congressional hearing. gruber's comments further energized republican anti-obamacare efforts. planning votes on handful of measures that would chip away at pieces of the law. david and liz. david: i think i said 400 million. he got $400,000. still a lot of money. rich edson, appreciate it. >> thank you. david: we've been asking on social media if you think money can buy happiness. jay always told us we always want what we don't have. be content and don't covet. where did i read about that

then? liz: money doesn't buy happenness but really good down payment. david: todd says doesn't buy happiness but makes misery easier to tolerate. liz: on jack ma quote, mike says jack, send it my way i. i will deal with the headache. david: we have mark newton, technical analyst. what is it, mark? >> europe and u.s. have been moving in tandem. last couple days you're seeing meaningful signs of europe slowing down. stock 600 index. euro stocks 50, dax, this is important because the europe pulled entire pullback down in the spring the u.s. followed. liz: john chambers said southern european business is jumping 20%. >> that is encouraging sign. let's hope that continues. everybody looks at junk yields and small caps but we want rally to continue through year-end. one thing correlate well with the s&p.

one recently how europe is doing. david: if they go down will they drag us with them? >> i think there could be signs of contagion. that eventually metastasizes to u.s. david: thank you very much, mark. liz: "willis report" is next. see you tomorrow gerri: hellie, everyone, i'm gerri willis. more boasting from the obama care architect about lying to the american people. in the third released video from jonathan gruber, that is the mit intellectual, he brags about how democrats snuck the cadillac tax into obamacare. listen to this. >> we just taxed insurance companies. they pass on higher prices. that offsets tax break we get. end up being same thing. very clever basic exploitation of lack of economic understanding of the american voter. gerri: here we go again. joining us now, doug holtz-eakin, president of the american action forum. doug, i need your reaction to this.