and as i said before, my goal is to reform higher education, all of this is the brain child of ben nelsonthe c.e.o. of photo sharing website. we spoke to him via video chat. >> do you think the universities lost their way on a focus studying big money. multi million salaries. >> yes, yes. look, there are these five aspects of cost inflation and higher education, the amenities race. there's the tenure system. where you inflate the cost of professors in their prime and you overpay for 40 years. it's incredibly expensive. you have undergraduates. subsidizing. we are the only system in the world where that happens, and lastly, it's the enormous increase in administrative costs, where you have administration costs tripling over the past few decades. >> while experimental now, if minerva gets the results it expects, this university without walls may very well upend american higher education. at the very least, other schools are watching >>> but is it working? apparently more candidates think so. the class in minerva saw 11,000 applicants for 220 available pots. >> that's "america tonight". tell

of max bacchus really resonated with me because i made one of my best friends in the senate with ben nelson and it was as a result of a co-dell to afghanistan. it's really true, many hours if you're out of the furnace which is the senate and you get to know someone as a person, it's harder to hate them on the floor. >> that's right. i think that, how is the media wing to deal with something like this, how will your opponent deal with it all while it's a junket to afghanistan. hardly a junket to the border of cambodia where people are starving to death, but it is an opportunity for quality time and that's really important. >> i think that's very true. that's certainly a big contributor to what we see in washington today. then you say, you're right, religion creates the environment for compromise and thrive. you told about the advice that the legendary senator russell long gave you when you became chairman. can you recount that for our viewers today? do you read called the advice he gave? >> russell long was just great. if you asked me what to do enjoy most about serving in the united states

really resonated with me because i made one of my best friends on the other side of the isle with ben nelson. it was the result of a cornell to afghanistan. it is it is really true, when your many hours out of that furnish that is the senate, you get to know someone as a person it is harder to hit them on the floor. guest: that's right. how is the media going to deal with something like this? how is your opponent going to deal with it? hardly a junket to the border of cambodia when people are starving to death. but it is an opportunity for quality time and that is really important. host: yes, i think that is very true. that is contributing to many things, certainly a big contributor to what we see in washington today. then you you say, you're right, religion creates the environments where compromise thrives. you told about the advice of the legendary senator russell long gave you when you became chairman of the commerce committee. can you recount that for our viewers today? do recall the advice again? guest: yes, russell long was just great. if you ask me what did you enjoy most about servin

the student fell ill during gym and it was all caught on ben rathcone has the dramatic footage. >> reporter: skyler nelson is one very blessed kid. he died right here on this gym floor and managed to be brought back to life. >> i'm fortunate. i feel like i get a second chance. >> reporter: it was one week ago at west jordan middle school. skyler was starting gym class and it was about 8:00 in the morning. students were warming up and running when suddenly. >> he just dropped. >> reporter: the dramatic scene was all caught on surveillance video. skyler is the one in the white shirt. he is running strong when, suddenly, he slows down and then just drops. >> i rolled him over. he was gasping for air. his eyes were up at the top of his head. >> it was horrifying. it's your worst nightmare. >> reporter: the principal arrived on the scene as someone called 911. it was a sight difficult to deal with but one garrison had to act quickly. >> i can't believe his life was in our hands. he essentially died right there in our gym. he wasn't with us. and -- >> reporter: he was gone? >> he was gone. >> the pulse was hard

ben bernanke is coming your way. that exclusive interview. don't miss it. i'll see you tomorrow. >>> good morning. breaking overnight. nelsonrian takes a $2.5 billion stake. >>> the so-called smart money gets a bad grade. new numbers show that the hedge funds are bracing for their worst year since the financial crisis. >>> ben bernanke is back. not that he ever went anywhere. the former fed chairman breaking its silence saying the central bank did its jobs. the headline in the journal, how the feds saved the economy. afraid to say that. but, now, everyone is questioning what about everyone else. that's what bernanke is saying. he will join us in studio in a live cnbc exclusive for a whole hour. it's monday, october 5th, 2015, and "squawk box" begins right now. ♪ ♪ >> announcer: live from new york where business never sleeps, this is "squawk box." >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. our guest is mike santoli. good morning, mike. >> good morning. >> before we get to the business news this morning check out the pictures from south caro

ben: i've addressed our air first season in brooklyn at barkley center. chicago last night, nelson, lit the empire state building in islanders' blue and orange. the spent last 43 years at nassau coliseum, we will see how fans respond. a lot of seats are obstructed view for on hockey rink that is off center. it is much bigger than the basketball court, they have to move some things around inside the arena. fans on the subway say they will miss the opportunity to tailgate before a game. pretty legendary. >> vegetarians have a beef with eating meat, many forget about it when drinking. this survey, pay close attention, found one in three vegetarian's admit to eating meat went wrong. ben: the me is boy alcan bland. more than 1700 brits who claim to be vegetarians were survey by discount website and found 37% of them, 37, the temptation to eat meat, 67%, no matter what. no matter what. remembers that commercial? ben: are you through? >> action paulino, i am not. i will keep speaking like this the rest of the day. >> you sound like a 4 man's let's check the forecast with mike woods. >> wh

nelson peltz taking a $2.5 billion stake in general electric. plus we are getting ready for the interview of the morning. former fed chair benus for a cnbc exclusive. fun morning coming up. stick around. we'll be right back. >>> dismal jobs data throwing fed rate hikes into question. we'll bring you new forecasts and break down the market response with top economists. >>> activist nelson peltz trian fund investing $2.5 billion in ge. details straight ahead. >>> and a new york audience getting the first look at the new steve jobs movie at this weekend's premiere. >> ten times in a day i see jobs as a genius. what do you do? >> musicians play their instruments. i play the orchestra. ♪ ♪ >> academy award winning director danny boyle is here with the inside story of a film that jobs' family tried to block from ever being made. the second hour of "squawk box" begins right now. ♪ ♪ >> announcer: live from the beating heart of business, new york city, this is "squawk box." >>> welcome back to the "squawk box" here on cnbc. first in business worldwide. i'm joe kernen along with becky ki quick and andrew ross sorkin. that's still goo

nelson peltz takes a 2.5 billion stake in ge but said trian is supportive of management. >> and ben bernanke speaking about the crisis, yellen, and the strength of the economy today. we'll start with twitter. making it official, after more than three months, the company removing the interim tag and naming jack dorsey as permanent ceo. he wills are remain ceo of payment start-up square and will serve on twitter's board but no longer be chairman. in fact, they don't have a chairman as of this moment and they will look go outside. >> i have to tell you, i think dorsey's a uniter. that's the most important feeling i get from him. uniter in that the shareholders do like him. i was hoping he would choose one or the other. needless to say, this is a man who has great respect internally. and the initiatives. many of them are his. the october initiatives that will make it so there's a more coherent, easier way for people to use twitter. it's a new beginning. it's one that people at the top, both the board and the senior management like. >> yeah. >> i know i've been critical of twitter. i'm less criti