and jake bogle is also with us. and he's not a fan of the more creative etfs. stay tuned to that warning from the father of the etf fund. >>> what's worse if you prove it is a mistake you have about 0% chance of having it corrected. we'll talk to an attorney and the attorney general taking on the credit agencies. >>> plus bad news for your mint julep. your old fashioned. your manhattan. they may be watered down with less alcohol in them. horror. but still costing the same? is that legal? this developing story is getting a lot of buzz and we are on top of it coming up. >> yeah. the buzz. [ male announcer ] this is not my home. there. i said it. they don't have pictures of my kids. they don't have my yoga mat. and still, i feel at home. could it be the flat screen tv? the not so mini fridge? ♪ the different free dinner almost every weeknight? or maybe, it's all of the above. and all the rest. am i home? nope. but it almost feels that way. homewood suites by hilton. be at home. to deposit checks from anywhere. [ wind howling ] easier than actually going to the ban

jack bogle is the u.s. chairman of the vanguard group.f u.s. equity strategist at deutsche bank. david will be on set with us for the next hour along with our guest hosts who have been here for awhile with us. barry knapp and ian shepherdson. jack, why don't we start things with you this morning? a lot of people hear 14,000 for the dow, they get excited about that. you say slow down a little, don't just look at those numbers. why is that? >> well, they're just numbers. they're a little noise in the market, and while the dow is close to an all-time high or at an all-time high, the nasdaq, big, big index not too many years ago, back early 2000, back around 4500, and now it's 3200. so it's down about 30% give or take. it all depends what you're watching. what kind of stocks you own. very different kind of a rally this time. with more of the industrials. the s&p particularly had a great year lasts year because of apple. apple was a huge contributor and this year taking away and the s&p is still going to good highs. kind of a jungle of numbers

they have never looked at them, which is just mind bogle, thing that they have been out to the building we are talking on the first floor, there is a legal bathroom, it is on the 1980 drawings and then an illegal kitchen and we are taking out the kitchen and putting in the laundry room, on the third floor where my client lives, there is an illegal kitchen we are taking these out and put ng a wet bar. these are numerous conversations with the senior people at the building department. on the sponsor store he has two partition doors that i can show them to you. and here probably the best. this is the entrance foyer i am sorry that they are confusing, but as you walk into a classic 1906 kind of awardian house you go passed the front door and there is a set of stairs here, and those are the stairs going up, and this is the door into the dining room and this is the door into the double parlor there are locks on them, we are going to take the locks off that is the entire scope of the work, there is no other demolition of walls or anything. i had an argument with the district inspect or when i

. >> michael: it bogles my mind.s jackson effecting and his efforts affecting the race to replace him? >> maybe not as much as you might things. certainly halvorson has raised the issue. the state senate for positioned her before dropping out on sunday. the spending by mayor bloomberg has certainly drawn a lot of at attention, but i think you know halvorson and some in the race are trying to use today's guilty plea as a way to you know -- to turn the conversation back to ethical concerns. >> michael: but, you know, gun issue or not, very quickly wouldn't halvorson still have been hurt by her position on guns? >> halvorson does have no, ma'am good name id coming in, but the district does go further south in the rural areas, but in the city of chicago that gun stance is going to be a issue for her. >> michael: yeah, would imagine. bill thank you so much for being on "the war room" with us tonight. the nra is pulling a page from bloomberg's play book to pressure pro-gun senator up for reelection next year. the king of t

mutual fund pioneer jack bogle spoke with us yesterday on the program and he said individual investorsposition where they need to look at stocks, despite the market's ups and downs. >> the time to get bullish was when it was bearish back in february of 2009. and the market's going up 100% since then. i think all these things are so mixed up in the minds of investors they should realize that guessing, whether it's going to go down 50 -- 50% or up 100%, as it did since then, they should just be investing all the time, ride through those times. >> disney is going to be a stock to be keeping an eye on in today's trading session as the entertainment company and dow component gets ready to report earnings after the bell. and this morning we heard from bp. the company's fourth quarter profits beat analyst expectations. earlier this morning, ceo bob dudley told cnbc's julia chatterly that 2014 is going to be the year that the company's fortunes begin to turn around. >> 2014 is when things really start moving, because in 2013 we still have about 150,000 barrels a day of world divestments to com