david kelly and federated investor -- steve ot both join us now. steve, let me start with you. a moment ago bob was saying the number one rally killer in his mind could be a rapid rise in interest rates. do you agree, or do you see it as something else? our guest yesterday said it would be a recession in the u.s. economy. >> no, i don't think it takes a resays, about a 3.5% rapid rise, i would agree with bob, would probably cause a correction in the rally, but we think that would be a huge buying opportunity if we go the it. by the way, we don't see that happening at all. even with all this good economic news today, the ten-year is being very well-behaved. even if it did, mandy, you know, we think or 2500 forecast on the s&p, which you've had out there for a couple years, we've got that based on a 4.5% ten-year. with the s&p at fair value, maybe 18 times at 4.5% on the ten-year. i don't think it's a killer of the secular bull market, but a big quick move, which we don't expect, but it's certainly going to be a buying opportunity. >> when you talk about buying opportunities, ste

joining me is david kelly at jpmorgan funds and jim paulsen. thank you for being here gentlemen. the markets have had a slow melt up, setting records right and left. do you think they have reached their highs for the year? why is that? >> i think we are pretty close to the highs. i think the question that investers need to ask is can we now, i think the economy up shifted to 3% growth. can we grow at 3% with the unemployment rate heading into the fives and factory 80%, can we do it without interest rate and consequence? if we can, that's nirvana and going to melt up. i suspect we are going to see a little resource pressure, cost push pressure, anxiety with the fed. that will cause turbulence here in the stock market before the end of the year. >> david, do you agree with that? interest rates have been going down. the stock and bond markets are telling different stories. >> i don't think they are telling different stories. we have economic gain without interest rate gain. the reason is because it's a global bond market and the fact is jgbs are paying 50 basis points and ten-year g

joining me now are david kelly, the chief global strategist, and jim paulson, chief investment strategist at wells capital management. the markets have had kind of a slow meltup if you will this summer, setting records right and left. do you think they have already reached their highs for the year? why is that? >> yeah, i think we are pretty close to the highs, sue. i think the question that investors need to ask is can we now, i think the economy is up shifted to around 3% growth and can we grow at 3% with the unemployment rate soon heading into the 5s and -- can we do that without any investment or interest rate consequence? if we can, it's going to melt up. i think we're going to start to see some increased cost pressure, a little anxiety around the fed's exit strategy and that could cause some turbulence in the stock market before the end of the year. >> as i mentioned, interest rates have been going down and the stock market and the bond market seem to be telling different stories. >> i don't think they really are telling different stories. what we have here is economic gain without

stocks, bringing in david kelly, chief global strategist at jpmorgan funds., david. >> glad to be here. >> how did you feel yesterday in the middle of the afternoon seeing the dow accelerating down 200 points on the suspicion that russia might invade eastern ukrai ukraine. what did you tell? >> well, i think the -- it is, obviously, scary and worrying that the pain is concerning, but i think you have to balance that risk, and there is a risk there, again really good numbers. the trade numbers this morning, going to revise up to, and 11% year over year, and because of the worries in ukraine, ten year trading below 2.5%. there's a risk, a lot of stuff in the u.s. economy also. >> yeah, but i mean, people are in two minds. i have your note here dated august 4. on the one hand, make hay while the sun shines, overweight equities for the reasons you gave us, but two paragraphs before that, on friday, you noted the s&p 500 fell on the week. the market reacts negative fashion, and you say make hay while the sunshines. >> that's right. key thing is to invest how you t

. >> reporter: that david is david e. kelly, the series, "the crazy one."ng with his daughter, is some ways life imitating art for the 62-year-old comedian. >> i heard you talk about the parallel when your life, your daughter and family. >> she's wonderful. >> yes, my daughter and son and my oldest son. i'm so proud of them. i'm proud of all of them. she's an actress. she's also a writer and producer and doing all of these different things. my oldest son is working on social network side. >> reporter: comedy always gotten him through the tough times. >> that's because i crossed a lot of barriers. at the same time, talk about some pretty brutally sad things. >> reporter: living in the public eye for nearly four decades has had its challenges. open about his battle with addiction, sobriety has matured williams. making him more aware and ready to participate in the now. >> i done the research of alcoholic. it's the idea of yes, i'm more focused. i'm present that helps especially when you're doing this series. when i did mork and mindy, it was a crazy ride. now

. >> david? >> kelly, can i make a quick point?ket, just to lay it on the table, i think one of your guests, maybe chris, made the point about frank dodd, the individual investor, sort of holding the bag. the corporate bond market scare mayes lot from a liquidity perspective. let's look back at what frank dodd did to the inventories of all these dealers. inventories in corporate bonds are down from '07. you know, roughly 85% where mutual fund assets are up 2x. so when rates do go up, what's going to happen? the individual investors really going to take it on the chin here. >> last point, david, before we let you go, because we have some breaking news to get to, what do you think narps the next leg for markets just in a word? >> i'm sorry, the next what? >> the next leg for the stock market. what do you think that is? >> next leg for the stock market in my opinion i think is up. and i think it's up until the end of the year. >> all right. david seaberg, thank you on a friday afternoon for your thoughts. really appreciate it. as i me

kelly drive. meteorologist david murphy has an eye on your forecast. >>> we've got your weather and traffic updates> ♪ y and scattered showers in the southeast. >>> finally this morning, crowning a new world champion. >> that's right. anthony doral winning his first world super middleweight boxes fight returning to a hero's welcome in flint, michigan. >> but also being praised for winning fights outside the ring. emmy lucas has this story. >> reporter: at 9 years old he started the journey a dream to be the king of the ring. boxing was his passion, his hands, his body, his health was his ticket to get there. >> since i was little, since i started, we've been -- we've been fighting for it. >> reporter: like any other fighter dirrell has taken some blows in the game of boxing. at 26-0-6 he survived every one and that's not even counting the two biggest punches he took from the game of life. >> when you got god in your hands, you can do anything, anything is possible. >> reporter: beating cancer, a motorcycle accident when life had him up against the ropes he bounced back earning his first chance at t

david, what do you make of this? >> some ways, i guess, kelly, surprising, but in other ways, not.know, every morning discussing much of what i was hearing from many of the same advisers who i've now been speaking to for the last 20 minutes or so since this news became public. discipline was the word they'd use often. and many i think fox shareholders and certainly some who believe time warner didn't believe it when they heard that word, given rupert murdoch's history. perhaps you can't forget him for doing so. but in this case, it appears the number from the time warner camp, if there was a number, so to speak, was certainly one approaching $100 a share. and as i've reported any number of times over the last couple weeks since the bid was first made public, $100 a share was not something that fox and its advisers, at least were giving real credence to. again, people can be forgiven for thinking that was simply a negotiating tactic, but in the phone calls i've had in the last 20 minutes or so it was not. it was not a number they were willing to go to. and given the time they met fr

kelly? >> well, let's ask david marcus, here on the floor joining us from the deal.id, welcome. >> thanks. >> is this a tax inversion or not? >> well, it's clearly a tax inversion in that, you know, when the deal closes, burger king will be a foreign corporation, will no longer be a united states corporation, you know, which is what we mean when we use the term inversion in this context, is a u.s. company combining with a foreign company in such a way that the combined company is then incorporated overseas. >> well, that's just like relocating a corporate headquarters. that's not an inversion. >> well, yes, because you are a foreign company, and so you're subject to a different tax regime in canada or ireland or the uk than you would be as a u.s. corporation, you know, incorporated in one of the 50 states. >> how much do you think they're going to save on taxes, and how material does it have to be for that to be a primary motivation for doing this deal? >> well, i think it's not so much -- as in many of these transactions, what the company's going to save on taxes in

with ben rosenfield and naomi kelly to take a look at ways to increase and improve local purchasing with small businesses. and i do know that there is -- i think supervisor david chiu is looking at doing some revisions to the 14 b ordinance and also the mayor and naomi kelly reported back a couple months ago, have done -- have conducted some outreach workshops to lbes to get their recommendations on ways of which to improve and make it easier for lbes, sbes to do business with the city. the formula retail, so, the planning heard both of the items at the thursday, july 17th meeting. the planning commission is going to continue to support the planning department's recommendations around the number of entities that will trigger formula retail. and at this point i think there will be two kind of parallel pieces of legislation for the board of supervisors, then, to finally bring together. the planning department formally introduced their ordinance last week and, so, technically this should come back before the commission and i will, you know, let me know if you'd like to hear it again. if you don't, you don't have to. but that's to decide in the next week or two. a

kelly is being sued by his former business manger. "winkler and mc-david limited," of oak park, managed the singer's career until late last year. when they parted ways, kelly reportedly paid 300 thousand dollars, and agreed to pay the firm an additional 40 thousand dollars a month through the year 2016. but the company says kelly missed his august payment. no comment from kelly. actor kevin heart is engaged. he posted an official post on instagram yesterday with new fiance eniko parrish. the two have been dating for five years. hart asked the model to be his wife on her birthday yesterday. sources say the couple couldn't be more excited. christian bale and wife sibi welcome a baby boy the family. this is the second child for the couple. they confirmed the pregnancy back in march when sibi showed her baby bump at the academy awards. the two got married back in 2000. they have a 9-year old daughter,emmeline. >> which is got reports of heavy rain toward fox lake. the grain is moving through the north. let's take a look at the forecast. off and on showers and

david? >> ryan, thank you. >>> i want to bring in former new york city police commissioner ray kelly. you were watching this with me here late today. you were telling me this is one of the areas of new york that concerns a police commissioner the most. >> last year we had a record high of 52 million tourists coming to new york city and virtually all of them at some point made it to times square. >> a lot of relief tonight that the injuries weren't worse than what we saw. >> absolutely. it could have been a lot more people injured and obviously the injuries could have been a lot more serious. we're thankful and we were lucky. >> thank you. >>> we're going to turn to the other major story we're following, this one out of afghanistan. an american, a two-star general killed by an afghan soldier. it's believed the u.s. might have trained him. tonight that u.s. base the scene of the shooting on lockdown. this evening, what we're learning about the so-called guardian angels there in that room the moment the gunman opened fire and what they did that likely saved lives. martha raddatz has been

>> i'm also told bob schieffer has ice bucket challenged our cbs news news president david rhodes and also scott kelly takei boldly went where a lot of people are going these days. this morning he's right here in studio 57 with the revealing new documentary. that's ahead right here on "cbs this morning." >> announcer: this portion of "cbs this morning" sponsored by mercedes-benz. engineering some of the most advanced vehicles on the road today. corrects for lane drifting and if necessary it will even brake all by itself. it is a luxury suv engineered to get you there and back safely. for tomorrow is another fight. the 2015 m-class. see your authorized dealer for exceptional offers through mercedes-benz financial services. ♪ turn around! ♪ ♪ every now and then i get a little bit tempted ♪ ♪ by the chocolate all around ♪ ♪ turn around brian! ♪ ♪ this bar has protein oh yeah!♪ [ female announcer ] fiber one. ♪ ♪ ♪ hershey's spreads. bring the delicious taste of hershey's chocolate to anything - everything. with hershey's spreads, the possibilities are delicious. >>> women are starting businesses faster t

david weiss in providence, rhode island, brian kelly always here. again. interest rates at historic lows. the biggest economies in the world, some of them contracting. you are a professional economist. what do you make of this? >> europe has a big mess going on, we see second quarter decline and everyone else between problems in the middle east and in the ukraine, people are scared to do anything. stuart: are we in america going to suffer because of what is happening in germany and japan and all of europe? >> it hurts us because if they are not buying stuff they are not buying our stuff. particularly capital goods into europe and some in japan, the economy is going to translate weakness in those sectors in the u.s.. stuart: are we going to expand at a mere 2%. can we break out? >> we will do a little better, this is a half speed recovery, it will be at half speed recovery until europe fixes its problems, and they get more confidence in the united states. stuart: thanks very much for joining us. i kept it short. it is always a pleasure. i want to get

david or eric? my apologys. we have eric here. great to see you. >> hi, kellyhares are looking for direction a little bit after hours. but what jumps out to you here? >> looks like the strength in pcs is picking become up. it's -- boy, looks to me like hp has shaken its august curse. it's been down an average of 15% in august during the last four years. that was the story i did yesterday. those are all on one-time events. no significant bad news but a lot of the staple. i'm still earned about the on going problems and the enterprise services group. that's been a significant problem. doesn't look like it's going to be solved any time soon. probably not before 2016. enterprise group not to be confused with enterprise services. that's where ibm just sold its server business to lenovo. hp may be trying to capitalize that in server sales. >> ross, i know you've been much more cautious about hewlett-packard's prospects. what do you think with these numbers in? >> i think it's more of the same. revenue growth of 1%. that's not very exciting by any means. and i still t

david cameron raised a threat level there because of isis. kelly, with a good morning to you, how worried are they in britain? >> they are fairly concerned, enough to raise the level to red, the highest level, meaning an attack is imminent. british officials say there is no sign of an imminent effect. but with 500 traveling to join isis and 200 back, the threat they say is very real. britain has awoke to a new fear this morning splashed on every headline. terror alert red, the highest since 2011. a terrorist attack, the government warned, is highly likely. >> what we are facing in iraq now with isis is a deeper threat to our security than we have known before. >> the terror group isis has the world's attention, and they're using it, posting another violent, disturbing video. this time of captured kurdish soldiers. among them, hundreds of british citizens. >> this is the golden era of jihad. >> they have given tips on how to join the fight. and they have been executioner. >> this is james wright foley. >> spoken with a british accent. >> there are g

david zechltrbos, michael santo kate kelly. tim seymour.t gap shar spiked, now a little bit higher after hours. what do you make of the numbers here? >> i mean i haven't seen numbers but what you just told me but i mean -- they already told everybody what their numbers were going to be. pretty much came out the same way. so my attitude about gap is, this is a different kind of a company than a lot of other retailers. i can give you more of my overall view of it versus the sort of minutia on the earnings, if you want to hear that. >> we'll dig into gap and the other retailers in just a few moments as well. but let's get some thoughts on gap specifically while we can here just to reiterate what they just reported. 75 cents diluted earnings per share. they've increased the full-year earnings per share guidance range to $2.95 to $3, including a gain on an asset sale, net sales were 3% in the second quarter. old navy just going down through some of the line items, comp sales of 4% in the second quarter on top of last year's positive 6%. athletic

david? >> ryan, thank you. >>> i want to bring in former new york city police commissioner ray kelly. you were watching this with me here late today. you were telling me this is one of the areas of new york that concerns a police commissioner the most. >> last year we had a record high of 52 million tourists coming to new york city and virtually all of them at some point made it to times square. >> 52 million. a lot of relief tonight that the injuries weren't worse than what we saw. >> absolutely. it could have been a lot more people injured and obviously the injuries could have been a lot more serious. we're thankful and we were lucky. >> commissioner, thank you. >>> we're going to turn now to the deadly ebola virus. you remember the american doctor walking into the hospital in atlanta. tonight this image, the second american patient, same hospital, this time wheeled in on a stretcher. you can see the hospital workers covered from head to toe in protective gear. tonight her family saying that one week after considering possible funeral plans, they have new reason for hope tonight. ab

kelly? >> i'm ready. >> oh, yeah. >> i nominate jean-claude beaver, i nominate hsbc's david bloom and i nominate our very open cnbc tonya dryer. where the reward was that what if tnew car smelledit card and the freedom of the open road? a card that gave you that "i'm 16 and just got my first car" feeling. presenting the buypower card from capital one. redeem earnings toward part or even all of a new chevrolet, buick, gmc or cadillac - with no limits. so every time you use it, you're not just shopping for goods. you're shopping for something great. learn more at buypowercard.com >>> welcome back to "worldwide exchange." shares of hewlett packard rose in the third quarter thanks to a double digit jump in pc sales. revenues came in at $26.3 and that's the first time in three years the tech giant posted growth. the ceo meg whitman warned this may not be a pattern for coming quarters. >> $26 approximately in revenue for the quarter. that was up over 1% from one year ago. the first time in thee years hewlett packard has seen revenue growth. a quarter led by results, that being systems and the likes where it was 12% revenue gr

britain remains on high alert after prime minister david cameron raised the threat level to severe. that means an attack is highly likely. kellying. >> reporter: the headline on nearly every paper this morning, a terrorist attack highly likely in the uk. british officials say they have no intelligence suggesting one is imminent. the only visible change is a bigger police presence. behind the scenes, british officials are working this weekend on a plan to protect against their own citizens. fighters for the terror group, isis, who return and may want to do harm here or in europe or the u.s. 500 british passport holders have gone to syria, some have been killed. about 200 are back. there's talk of laws to strip them of their british passports. they said in a statement, they have tightened control at the airports with direct flights to the u.s. and working with countries to detect foreign fighters but no plans to raise the threat level. >> thank you very much. >>> in other news, a woman served iced tea laced with lye is speaking out. >> i don't know why it was me. i have never asked why it was me. there were other people in that

kelly. we won't go into that. stocks notching impressive gains in august, but did british prime minister david cameron's terror alert set the stage for a shaky september, or will we keep on rolling? dom chu's going to have a special report on what might impact the markets next month, kelly. >>> and up next, did you know that four out of five actively managed funds are underperforming their benchmarks this year? 80% of them are underperforming. but are they now poised for a comeback? we're going to ask, next. >> not if the market goes down. plus, we want to know, would you rather invest in an actively managed fund or a passive one that simply tracks a larger index? cast your vote right now at cnbc.com/vote, unless you're driving. vote in our live poll right after the break. we're back in a moment. (trader vo) i search. i research. i dig. and dig some more. because, for me, the challenge of the search... is almost as exciting as the thrill of the find. (announcer) at scottrade, we share your passion for trading. that's why we rebuilt scottrade elite from the ground up - including a proprietary momentum indicator that

kelly drive out of there. >> now, let's turn to meteorologist david murphy for the accuweather forecast. >> reporter: all rightle. some of us in the 50s, 57 into allentown right. 58 in reading. we are up to 64 in philadelphia. 60 in millville. 63 down the shore. this afternoon it will be similar to yesterday, a lot of sunshine overall, 81 the high, low humidity a little less breezy. tomorrow, the humidity gets a bit more noticeable. high of 82. sunday and monday it's going to be steamy and tropical and highs of 90 and thunderstorms could produce downpours. matt. >> download the free storm tracker 6 live app for apple and android devices it will come ♪ go nowhere girl >> welcome back to "good morning america." what a great crowd here in central park. so thrilled to be with the one and only brad paisley. so you guys ready? >> we got a question for you. ready to try a little moonshine in the trunk? >> it's a little early for that. >> "good morning america," we can do anything here. brad paisley. ♪ ♪ ♪ ♪ i got a '69 camaro a ram jet 502 i could win the pole at bristol baby but i'm riding round with you ♪ ♪ bored a

i'm kelly evans live this morning with jim cramer and carl quintanilla and david faber are out today. we're watching to see whether it can hold up as geopolitical tensions hurt themselves. that could show up in the ten-year yield note. in the bid for treasuries, pushing that bid, even this morning, still below 2.5%. as for europe, so much discussion over the weekend with what is happening in portugal. markets responding generally positively that portugal will use some of the leftover rescue funds to try to recapitalize a new bank there and we're seeing some credit spreads on the back of that as well. half an hour away from the market open. let's begin with the road map today. we take a look at markets with u.s. futures looking for a comeback, international tensions temper positive earnings news. >> investors continually reinterpret the current take on its consumer. >> and in an interview with the economist, president obama telling ceos they should quit complaining. >> so before we get to all of that, let's start here with the market, according to a higher open, selloff with the worst

kelly rowland, jessica alba, and natalie portman were a few tars in attendance. after last night's show mr. and mrs. carter joined mr. and mrs. davideckham for dinner at invite only exclusive hollywood restaurant. chris and jessica, back to you. >> how about that. >> how about it. >> for more on beyonce and all of the day's entertainment news tune into the insider tonight and every week night at 7:30 right here on cbs-3. >> that will do it for "eyewitness news" at 5:00. >> now at 6:00 taken too soon today family and friend said good bye to the three children killed in the carjacking and crash in north philadelphia. >> also the search for a killer wanted in the shooting death of a three-year old girl, now police say that they know who pulled the trigger. >>> plus breaking news, a hearing for five narcotics officers charged in the corruption scandal wrapped up just about an hour ago, our walt hunt er is live with the very latest, the kathy? >>> sunshine across the delaware valley, and after a cool spell we will try to warm up a little around here plus tracking hurricane bertha and what it means for vacationers down the shore. "eyewit

david. >>> coming up on "action news" an noon a mail main delivers >>> recall on peanut butter over salmonella. it does include local organic food stores. live with michael and kellykid number three. (vo) the co-pilots. all sitting... ...trusting... ...waiting... ...for a safe arrival. introducing the all-new subaru legacy. designed to help the driver in you... ...care for the passenger in them. the subaru legacy. it's not just a sedan. it's a subaru. announcer: it's "live! with kelly & michael." today, one of hollywood's hottest, hugh jackman. plus, from the "the fault in our stars", actress shailene woodley. also, it's your chance to win big at "live"'s "summer escape tune-in to win." and we go out with a bang with a visit from science bob. ll next on "live." now, here are kelly ripa and michael strahan! [cheers and applause] ♪

david muir. >> reporter: for most families, new year's day is a celebration. but it would soon turn into the worst day of this mother's life. 12:24 that afternoon, kelly osborn getsom joe genoese, her daughter's fiance. >> he talked to kelly and told her he was having trouble getting in touch with sheena. she became concerned for her daughter and went to her apartment. >> reporter: then suddenly, that mother's cellphone ringing. the name that comes up offers hope. >> i answer the phone, and i go "sheena, sheena." and there is no answer. and now i am screaming into the phone, i am upset and calling for her. and then all of a sudden, i hear a man's voice in the background. >> reporter: that voice, one of the police officers in her daughter's hotel room. it turns out, kelly says, they inadvertently called her from her daughter's cellphone. that's when you knew something was wrong. >> that's when i found out something was wrong. >> reporter: when police accidentally called you from her phone. >> they said, "we need you to give us your address" and i couldn't figure out why that was. why would they need my address? >> reporter: the finace, joe, is summoned to sheena's

david neville. you have to watch people like that. >> a lot of good names to watch, kelly. you up to the challenge for me for the next 25 years? >> well, if i have my glasses on, then i can navigate it the right way. thank you very much to you both. appreciate it. >>> how will disney's "guardians of the galaxy" be? it scored the biggest thursday night opening night of any film this year. at some theaters, though, moviegoers paid for one "guardian" picture and got another, a cartoon about christmas characters. we'll explain next. >>> and a programming note. i'll be talking to disney's ceo bob iger immediately following their earnings release with julia boorstin on tuesday. we'll be right back. (vo) watching. waiting. for that moment, where right place meets right time. and when i find it- i go for it. (announcer) at scottrade, we share your passion for trading. that's why we give you the edge, with innovative charting and trading features, plus powerful mobile apps so you're always connected, wherever you are. because at scottrade, our passion is to power yours. if energy co

magician like david copperfield in las vegas that's a pretty cool trick. 2 million people lost every year of his presidency. america's second largest employer is a temporary agency, kelly services. 40% of american workers now earn less than the minimum wage in the year 1968 adjusted for inflation. nearly half of all americans have less than $500 in savings. the net worth of the average american family is now -- is down 40% since 2008. more than half of americans with 401(k)s are accumulating debt faster than they're putting away money for retirement. the number of lower wage workers with a four year college degree doubled between 1979-2011. 53% of all college graduates in america under the age of 25 are either unemployed or underemployed. 15% of the american population is now on food stamps. the number of americans getting food stamps is bigger than the population of the northeast united states, including new york city, boston and philadelphia. the food stamp world in america are larger than the population of spain. the number of americans living in poverty, larger than the population of syria times too. the number of americans on disability bigger than the population

david. >>> coming up on "action news" at noon, dozens of people forced out of the their apartment in the middle of the night. the investigation into a large fire in montgomery county. >>> "live" with kelly

david cameron warned britain faces the greatest tles in the country's history because of developments in iraq and syria. in other words, isis. kellyb yeah joins us from london. >> reporter: as you mentioned, there is no evidence according to security officials of any specific or imminent attack here. but with 500 british citizens travel to go syria and iraq to join isis and some 200 now back, the threat they say is very real. britons a woke to a new fear this morning, splashed on every headline, terror alert red. highest since 2011. a terrorist attack the ghoech government warned is now highly likely. >> what we're facing with isil is a greater and deeper threat to our security than we have known before. >> reporter: the terror group isis has the world's attention and they're using it posting yet another vie lapt disturbing video, this time of captured kurdish soldiers. they have given continues on how to join the fight and they have become executioner. >> this is james wright foley. >> reporter: james foley's killer spoke with a british accent. >> we need to strengthen them. >> reporter: britain hasn't been hit by a large scale t

i'm kelly evans live this morning with jim cramer and carl quintanilla and david faber are out today.ld up as geopolitical tensions hurt themselves. that could show up in the ten-year yield note. in the bid for treasuries, pushing that bid, even this

kelly, come out tomorrow, thursday. the lipper numbers. we'll have to see what those outflows look like. >> all right, let me ask david a question here, in light of your point of view. give me one idea that will help me make money in the market you foresee or avoid losing it. >> i think that right now, what i mentioned earlier, emerging markets or frontier markets. frontier markets have had a good run this year. emerging markets are undervalued, trading at lower pe than a lot of the developed nations right now, and that's an opportunity. also, there continues to be an opportunity and more defensive preferred securities. with interest rates still low, we've had a good interest in that sector and we think that continues to do well. so, there's a couple areas where you can have a good total return and diversify away from just domestic equities. jack may be right, and we're even higher a month from now, but we've gone 34 months without a meaningful correction. investors would be prudent to look and be a little more cautious, a little bit more defensive, not short the market, not go to cash, but look at how you get some non-correlated positions in

david copperfield in las vegas but that's a pretty cool trick. 2 million people lost and disappeared forever every year under his presidency. america's second largest employer is a temporary agency, kelly services. 40% of american workers now earn less than the minimum wage in the year 1968 adjusted for inflation. nearly half of all americans have less than $500 in savings. the net worth of the average american family is down 40% since 2008. more than half of americans 401(k) accounts are a team leading debt faster than they're putting away money for retirement. the number of low-wage workers with a four year college degree doubled between 1979-2011. 53% of all college graduates in america under the age of 25 are either unemployed or underemployed. 15% of the american population is now on food stamps. the number of americans getting food stamps is bigger than the population of the north east united states, including new york city, boston and philadelphia. the food stamp rolls in america are larger than the population of spain. the number of americans living in poverty, larger than the population of syria times tonight. the number of americans -- 2. bigger than the population of greece.

david. >>> coming on "action news" at noon an update into the investigation on the body found in pennypack park. autopsy results expected to be release dad to shed more light live with kellyand from the new series "franklin & bash," mark-paul gosselaar. plus, rebecca romijn joins michael at the co-host desk all next on "live." [captioning made possible by disney-abc domestic television] ♪ [applause] rebecca: hello! wow. woo-hoo. [applause] rebecca: ha ha.

david. >>> coming up as noon an "action news" exclusive as chaka fattah jr. turns himself into federal court. hear in his own words why in a live report. flood waters. helen mirren is a guest on kellyg actress dame helen mirren. and from the new series, "legends," sean bean. plus, the lovely maria menounos returns for another day at the co-host desk. ll next on "live." now, here are michael strahan and maria menounos! [cheers and applause] ♪ maria: thank you.