. >> jim stewart. >> in "the times." the week on the nasdaq 100, regeneron, celgene, biogen. but facebook in the top four. >> yeah. facebook, facebook basically, you know people reval waiting, it's a rerating of the company. regeneron had head-to-head competition that they won. celgene had expanded use of the multiple don't forget biogen the alzheimer's product which i think will take the world by storm. the big four copming on strong. >> bob pisani, see what's move on the floor. >> mixed morning. mixed morning in europe. flash pmi data either side of positive or negative. france better than expected. take a look at europe. again, still not a lot of big movements. i'm sure you saw the greek finance minister on the air, seems confident they'll get a section-month extension. i agree with jim, the deal is muddled through, debt extented into infinity but it's not removed or erased. no haircut. austerity relaxed and everybody makes a deal. alternative, we do not know how much contagion there might be to the eurozone as a whol

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jim stewart joins us explain.out -- >> another year of let's face it, bad returns, barely 3% there is over 3 trillion in hedge funds. i just have been asking around like people who are investing, why are you still putting money in these things? >> what have you fine. >> the same song we've heard throughout history, which is we will deliver, higher returns at lower risk. i've heard that sales pitch dressed up i mean i remember the junk bond year that was junk bonds. there's a market you know incorrect here it's not priced correctly, we'll give you better returns at lower risk. guess what? ultimately, you know decades went by. they didn't deliver better returns with lower risk. i think that one thing investors should realize there's never higher returns without higher risk. yet, the appeal -- with the fresh memories of the financial crisis every pension fund adviser i spoke to mentioned the financial crisis we can't go through that again. what i found interesting ten-year data's now out and if you're in the 60/40 bl

. >> by recently -- >> but jim stewart came on and he said something, he just said listen this is likehe bump. it's not part of the preaching. if we had monty montgomery, if we had the guys from whole foods on right now. if we had had the guys from chipotle on what they would say, listen is this a dying thing. it's part of the food chain. but at the same time, people still drink it. >> if you're mr. buffett and you own the stock, you're talking about a stock that is 40% in 1998. that's not so high -- i'm glad you point that out, that's not so high. >> if you bought more in '09, you did well. i don't that you did. dumping dividends, no doubt. but you are talking about a stock from '95 to '98 went straight up. >> no. >> it's basically none nothing since '98 -- well it's done a lot but if you just held it -- >> no you stand right. just the dividend -- that's not good. >>> when we come back evidence of a pretty good holiday season for a lot of retailers. we'll filling you. >>> also a lot of buzz surrounding the "sports illustrated" swimsuit issue. hanna davis, the model is going to join us

jim thanks very much. from evening news we switch you now to the equally surprising change in late night. anthony mason on jon stewart leaving the program that changed the way millions of americans get their news. ( applause ) >> welcome, welcome to "the daily show." >> reporter: jon stewart has spent more than 16 years at the desk of "the daily show." >> in my heart i know it is time for someone else to have that opportunity. >> oh! >> nope, nope nope. >> reporter: with ferocious satire the show secured ineptitude in the media. >> what is the responsibility of the people who cover wall street? hoare you responsible to? >> reporter: and has feasted on hypocrisy in washington. >> mitch mcconnell proposed a bill and now he's filibustering his own bill! >> reporter: how did it change the game? >> it changed the game in that he did what no one thought was possible, made politics entertaining. >> dalton ross is editor of "entertainment weekly." among his more than two million nightly viewers the median age is 36. >> he presents the news in a way that i couldn't understand best. >> reporter: on the audience line at the "da

stewart's legacy? >> he made politics relevant. made it funny. made fun of all of us. >> jim?me anyone realizes we have jobs is when we're made fun of on that show. which shows that for anyone under the age of 40, that's where they're getting the news. they've made news more digestible for people who otherwise i don't think were going to digest the news. >> late night comedy seems to be the reign of white men. what about it? you want to give it a roll? >> when i was at notre dame, we had watch parties, when i was an undergrad to watch "the daily show." he changed everything for millennials to get interested in politics. >>> now back to martha in jordan. martha? >> thank you, jon. about 1,000 miles from here in tehran, echoes of the iranian revolution still reverberate 36 years later. when we return, a look at what's changed and what hasn't since the popular uprising. >>> welcome back. >>> welcome back. as the hunt for isis intensifies, attention focused on the response here in jordan. and from the united states, that there's also an unlikely ally in the fight. iran is also wag

jim is adding to his holdings. first yahoo!'s former interim ceo is talking a nine digit payday for that man, jon stewart. format ross levinsohn says would make it worth every penny when we come back. [ male announcer ] your love for trading never stops. so open an account with schwab. and when a market move affects, say, a cloud computing stock you're holding, we can help you decide what to do. with tools that help you see how market activity is affecting your positions. so when the time comes to decide whether to scale in or scale out... you can make your move, wherever you are. and start working on your next big idea. ♪ >>> while the entertainment world is shedding a tear over the coming departure of daily show anchor jon stewart our next guest sees a big opportunity. ross levinsohn the former interim ceo at yahoo! current board member of a number of media companies and says he would pay stewart $100 million a year for a new distribution model. ross joins us live from l.a. today. thanks for coming on. >> you bet. thanks for having me. >> heck of a provocative thought you put forth on facebook yesterday

stewart, do you have any sense of the economic impact of the 2011 drought had on our state? >> that's something jim might be better able to answer but i know it's been severe economic impact because if you don't have the water sources you're not going to be able to support the businesses, the growth that's occurring all over texas. water's just the foundation of all the economy in this country. >> i know i'm over time. >> way over time. >> we talk a little slower. >> chair now recognizes the gentleman from pennsylvania mr. murphy for five minutes. >> thank you. i'll talk a little fast, see what i can get in. this is for mr. zellman or mr. newman. thank you all for being here. very informative panel. engineers who serve in some of these rural water systems in my district, for example, in green county in southwestern ben pen, very rural area, but they tell me that states oftentimes impose their own drinking water requirements which are far more strict than the epa standards set forth in the drinking water act. could you please provide some examples for some of these state-imposed requirements you've