offers panel as is andrew kelly. -- our first panel was is andrew kelly -- panelist is andrew kelly. she is a prolific author. [indiscernible] he holds a host of senior positions for he served on the domestic policy -- and earned his phd at a universe should consult. he published the great debate her -- at the university of chicago. april ponnuru. she has served in both senate and house leadership including a senior advisory. previously she served as executive director of the nonprofit rational review institute. her husband, ramesh ponnuru is a senior editor and columnist and visiting fellow. he is one of the most prolific commentators and his work can be found in the new york times and many other places in he served as a fellow 2013. last but not least our moderator will be megan mcardle, she wrestled economics if this is a public policy. is behind the popular blog. she is currently completing her term asan ip felt -- as an ipo fellow. [applause] quick i'm going to start off by asking you a question, ramesh. 2014 is a great year for republicans. a decent, sizable wave. why do conser

coach andrew kelly will face keeler. he used to watch villanova practice. >> it's unusual.now we known each other a long time and back to days at delaware and rowan and he's a good man and coach. eye inches know he'll come up fired and ready to go. >> it's championship weekend in high school football. st. joe prep tonight left for hershey. they'll face pine rich land for the state title. st. joe's prep is reigning champion. >> archbishop wood and central valley. wood up five. mcclinton 58 yard touchdown run. 20 yards and he's headed to 'nova next season. would win 34-13. vikings shirt straight title congratulations to them that's a dine. >> i "jimmy kimmel live" followed by "nightline" next "action news" continues at 5:30 forks cecily tynan, dus ducis rogers and the entire "action forks cecily tynan, dus ducis rogers and the entire "action news" team i'm jim gardner, have >> dicky: from hollywood, it's "jimmy kimmel live"! tonight -- sofia vergara. j.k. simmons. and the finale of jimmy's reality series "do you have what it takes?" and now, come closer. here's jimmy kimmel!

our first panelist is andrew kelly the director of the center on higher education reform at the americannterprise institute. he researches higher education policy including financial aid reform. dr. kelly is a prolific author whose work has appeared in publications ranging from the american journal of education to the atlantic. yuval levin is a fellow at the ethics and public policy center and holds a variety of positions chief among themmed tore of national affairs. he served on the domestic policy staff of the bush white house and earned his ph.d at the university of chicago. he recently published the great debate, thomas payne and the birth of right and left. april ponnuru is a veteran capitol hill staffer and policy director for the net whork wii published the room to grow essays. she served in both senate and house leadership including as senior adviser to senator roy blunt of missouri. previously she served as executive director of the nonprofit national review institute. her husband, ramesh ponnuru, is a senior editor at the national review volume umist for bloomberg view, and vis

it was andrew who said will they keep dancing in 2015? and my mind circled to gene kelly.going to be upbeat in nature. i think 2015 will again build on the gains of 2014 which obviously built on 2013 spectacular lift in equity prices. although i do think you're going to have to have happy feet because the market is going to be more volatile as it attempts to digest a lot of the cross currents that market participants will be facing next year. >> hopefully gene kelly and not andrew in terms of dancing, right? that was a bad time to keep dancing. so eight to ten. i really get nervous that everybody -- what is -- that you eight to ten? seriously? >> we fall into probably that five to seven range, but eight to ten isn't all that far off. i worry a little bit that we like you had mentioned fall into this consensus range of call it even 5% to 10%. likely the market is going to be up 20 or down 20 given the fact the market will try to do what it can to confuse the most people. i worry a little bit about that. oftentimes the consensus is right. we had a consensus view on equity pr

. >> andrew do you eat at shake shack? >> i don't know, kelly. but what skaerts me is bombs globally, a hard landing in china, japan can't dig -- >> there's always a thousand ifs. >> i don't know if investors fully appreciate them right now. >> probably not. how can you fully appreciate all of them? >> diversify and hope you have your cards on some of the bet that is explode. >> last word tim? >> volatility i think the people thing that people deal with at a reality of 2015. dollar is going higher. fed sidelined until june you have room to run in the first half. >> closing the poll and 40% of people say the nasdaq is going higher and hit that 5,000 mark in the first half of 2015. 35% say it won't hit it at all. thank you, tim, and everybody. thank you, dom. catch tim seymour here at 5:00 talking about which 2014 losers could be big win efforts next year. each trader will give his zero to hero trade. don't miss it. >>> up next here one trading session left in 2014. which stocks will be hot next year? michael farr with the top four picks for 2015 m

colleague greta van susteren and others in this country who lobbied for sergeant andrew tahmooressi's release. as you know, kellycode in the military leave no man behind. i just want to give a candy cane to many of them and a big hug and heartfelt thanks to everyone who lobbied to release our soldier and return him safely to his family. >> adriana, we thank you so much this morning and have a wonderful christmas and beautiful and safe happy new year. >> thank you to you. the same to you. >> stolen valor, a military member catching a fraud on cam ravment >> that is an army uniform. why would you have an army uniform? >> i served in the army. i don't believe this guy either. why was the grinch so mean? think about it. the answer is coming up next. ♪ >>> some quick headlines now. a jordanian pilot still being held by isis after his jet crashed during coalition air raids in syria. but despite what the terror group claimed u.s. intelligence shows, isis did not shoot down that f-15 plane. no word yet on what caused the crash. >>> new information on that listeria outbreak. a company is recalling carmel apples they beli

kelly and bill, running an airline, would you do that? >> of course not. >> it's not collusion! that is not collusion, andrew. >> when you have -- >> no, it's not. >> why isn't it then? oil prices go up, the tickets sky roorocket and when they go , it takes -- >> because at the same time -- andrew, if you go back to -- starting to spike last time, it's -- they started instituting fees at the same time jet fuel prices spiked last time. about five years ago. they decided, look, we are going out of bankruptcy. it is time for us to charge people for shipping a bag. time to charge them for changing the reservation. charge for anything we can. that's running the business. collusion is if they all get together and say let's keep it high. and then, you know, that's the way it goes. no, that's not how it works. >> how come the fuel charges not peeled back yet? doesn't make sense. they're way down. yet they have them. this is an industry with a history of colluding on prices and not necessarily saying they're doing it but saying let's investigate. let's take a look and see what's going on. >> as long as you're looking

kelly with breaking news out of that deal book conference. >> weighing in for the very first time on yesterday's landmark decision from an appellate court on insider trading. after being way layed by andrew sorkin off the stage, she was not going to take questions but took one. >> we are currently reviewing this decision. we are in dialogue with the southern district of new york attorney's offers about it. we have there is no question it is a significant decision. my initial sense is it took the opinion of the decision an overly narrow view of insider trading law. that is a concern. we are continuing to review it. >> that dialogue with u.s. attorney's office no doubt contains discussion about whether to appeal this decision by asking a full second circuit of judges in new york to hear the arguments again rather than the three judges who did in april or asking the supreme court itself to hear it out. that would be made by the justice department but with the s.e.c.'s input. white will be grappling what's next with her own civil case against s.e.c. founder steve cohen and insider trading cases they may be working on. >> we are awaiting the first trade on lendingclub. the indication is it is