the etf terms.anaged etf showed his holdings every day. >> when did this come into being? >> this was 2012. it was the first big actively managed etf. he opened up with a bang. is etf return 12% in the first eight months and be everything. if you invested in his etf in 2012, it would have returned 16% if you sold today which is a nice run and beat the other two big aggregate bond etf's. it tripled their performance. he has sort of a record. his etf was the second fastest to ever reach $1 billion after it launched. glsd was the fastest but he recent one month. >> janus does not have any bond etf's? could we see one now? >> they had a placeholder filing so i don't see any signs that they will but bill gross is a new variable of we would love to see an etf there. the etf world will miss bill gross. we will have to see. >> thank you for walking us through the etf implications, thank you so much. "street smart" is next. ♪ >> welcome to the most important hour of the session, we are 60 minutes to the -- t

etf, about to become the the european etf with the most flows this year. >> another topic, a hot one,baba ipo. bloomberg out with the story saying that the orders are full. if you are a member of the public you are probably too late. but there are etf ways to get in on it without buying shares of alibaba itself. >> it is hot, it is basically going to try alibaba on the 12th trading day. a lot of indices are a little archaic. they don't take them that quickly. so this is a good choice. the other thing is that it is not just alibaba. china tech in general is so hot that this etf is up 50% since it came out 18 months ago. china tech has been the engine of china performance and this captures all of that heat in one shot. >> very quickly, the last one, the i had, the treasury flatten her. ener.easury flatt the ten-year long and short two-year, a captures the flattening. >> pre-civil -- pretty simple. etfs in the right place at the right time. "street" starts in a few minutes. ♪ >> >> welcome to the most important hour of the session could we the markets lowers as the u.s. is to tighten san

the ishares etf. basically the etf's trying to capture factor.rowth was popular in the 1990's. now, it's factors. this one is an etf that looks for characteristics and stocks, return on equity, earnings growth and low debt. things that buffett likes. these factors etf's are pretty popular. sque.ts tagged buffett-e it is a buffett philosophy, but not exactly buffett. --there is dei billionaire the eye billionaire index. >> the top 10 billionaire investors. it looks that overlap stocks and puts a portfolio together. icahn -- buffett is the 11th best-performing billionaire. >> he is more of a risk taker. >> exactly. he gets connected to the ctf a lot. this etfs connected to a lot. >> things a lot. -- thanks a lot. that is it for on the markets. street smart is next. ♪ >> welcome to the most important hour of the session. 59 minutes until the close. s&p near session highs after the weakest stocks report for the year raises the hopes that feds will keep those rates low for a longer period of time. regan.ish "street smart" starts now. up on the big sho

here to tell us about the etf side of it is our guru here.ify, if this is a chinese company, but it's primary listing is on a u.s. exchange. so will some etf's consider it a u.s. company? biges, but none of the ones. it falls into a no man's land with the big index providers. --you list all of the intent etf's, it will not be in any with over a billion dollars. not going to be there. it is ironic. you've got to go downtown to the smaller, and jerry etf to get an exposure to alibaba. the u.s. ipo etf, they actually changed their rules so alibaba will enter in tonight. >> they changed the rules to accommodate alibaba. >> absolutely. indices, you do not know the name, some of these are new that have these adjustable rules. they are ready to be adaptable for something like this. the renaissance ipo etf will also have it after the fifth trading day. you are talking about very soon, very fast. straight, to get this the first trust u.s. ipo is fpx. sharesll have alibaba incorporated into their etf as of the end of day today? >> monday. >> renaissanc

etfs., father. dad. >> dad. a number of these but glad to be here. thank you. make me feel old. >> what took so long to come to the u.s.? why now? >> well, source is a very interesting business in that it's a consortium. it was built by morgan stanley, goldman sachs and jp morgan and the focus on europe and i can tell you when they formed it it was the competitor i was watching most diligently. there were reasons to do that in europe at the time and part of a global ambition and the past year, i was affiliated and bought in and inevitable to expand to other markets. number four in europe. growing quickly. an open architecture model to go anywhere looking for the best indexes and the best investment content. >> this is about giving the u.s. investor exposure to europe's 50 biggest companies. why should they want that right now? >> especially right now. >> diversification. nice about etfs. take both sides. if things are going negative, go short and also hedge a position. most important, thoug

this you guys have a big etf on japan that does exactly this.>ize recall, we do have one in europe. so do others, the important thing to appreciate the impact currency can have on your total return of your equity port foal' and -- portfolio. it helps the big multinationals who rex sporting around the world. makes them competitive. that's what drag guy and kuroda are doing, fighting inflation and trying to get their economies competitive through an indirect currency manipulation, the net impacts is the's going to depreciate their currency while hopefully ours strengths, not just because of what we are doing in washington but because of what the economy in the u.s. is doing. >> the same time, our rates will eventually go up, which will contribute strength of the dollar here, the rate do go higher, plenty of people who fear what the market response will be at that time. what do you suggest people will do? >> a short-term haircut, haven't had one in two or three years, likely see some selloff, not at the end of the tape but october, people think the

the man who runs black rock's etf says yes. and energy is the worth this month but don't give up yet. plus the alibaba aftermath continues as yahoo gets another downgrade. much more still ahead on the halftime report. but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running. the smartest or nothing. the quietest or nothing. the sleekest... ...sexiest, ...baddest, ...safest, ...tightest, ...quickest, ...harshest... ...or nothing. at mercedes-benz, we do things one way or we don't do them at all. introducing the all-new c-class. the best or nothing. >>> let's check with bob on the floor of the nyse. >> couple of things are moving. some vague rumors but i think two things have gotten trards talking. first is comments

with a due of volatilities, the etfs move a lot. is there's an issue with the strong dollar, as well. look at the high beta etfs of solar stocks. nasdaq bio tech stocks. that's semiconductor index. they move more when the market is volatile and what's happening. >> what they're doing today. see you in a little bit. apple is biggest drag on the nasdaq down about 3%. bertha coombs is following the big movers for us. hi, bertha. >> hi. last week, beginning of the week, we saw the decline led by the small caps and the russell 2000 off about in line with the overall market. here's the big plunge. nasdaq 200 down. apple dragging down did big caps. bob talked about the bio techs. selling off hard. down 2% today and the chip stocks, as well. there have been only a couple of stocks that have bucked the trend today. one of them is discovery communications. the company is buying a stake in a channel doesn't already own. another one is mankind, mnkd and moving higher on a development deal. a couple of other stocks to watch here. you know, we ha

the green is the etf. the bond fund. they mimic each other, but the return in that green is positive. it's above zero, and there is space between it and the other return. what is the most local explanation?--logical explanation. >> the fund that is new and inflows every day that the manager signs on to the computer they get that extra cash to buy investment. he was buying securities that he thought were under valued, and then there were some possible reveare revaluation from a third party company. he could not be buying a lot if he had to be selling to pay piece theme out who were redeeming. that has nothing to do with it. whether there were price discrepancies, that goes to the heart of this investigation, and we'll find out. that's part of the problem. you don't know that yet. generally you try to stay away from funds that are in a constant outflow scenario because they have a harder time keeping pace with the other managers and other funds that are not in that scenario. >> because if they've got to sell stuff they got

longer term etfs with bigger indexes may not be appropriate.way? >> interestingly, if alibaba chosen the nasdaq to list, they would be in the nasdaq 100 like that. that's not the case. won't have that possibility, right? >> put them in the qs and the fifth largest traded etfs and given investors exposure and little bit of exposure there and not really in the index. >> the other thing we don't want to forget is look at what happened to facebook. if those etfs that grabbed facebook early punished because it declined. those taking the time were rewarded. >> over the long term. >> alibaba would rather we remember twitter not facebook in this case, though. >> exactly. >> this is what i guess i think is a little bit lamentable about this. it brings with it a lot of risk. i remember the risk factor section of the prospectus that people don't talk about anymore. in addition to the weird structure, it also does business in a country with a fickle regulatory government. it will have competitive pressures increasingly and 80% market share. so i guess my q

the first etf to own alibaba. >> all right. i got rob sappederson with us from mkm partners. you're looking at the yahoo! angle which is an angle that's been fiercely debated on this desk and many other trading desks for that matter around wall street. as to what to do with yahoo! post ipo. what's the play? >> i think it's important to remember their commitment to the ipo is only 30% of their position. the. greater exposure on the part they retain. the yahoo! shares, while, you know, probably a lot of the easy money on the alibaba trades already been made, i think there's another leg here and it will be dependent on the public market valuation of the remaining portion and i think there's very bright future for alibaba. we only have a filing range, remember, so the question of whether there's a first day pop will obviously depend on where it's priced. >> probably not going to price any lower, i can tell you that. >> not any lower. i would expect it's higher. i think there's a lot of interest from indications from institutional i

it kind of opens of how the etf world works.t came out yesterday, he said, "for stuff that does not trade every day, the market price is a bit of a fiction anyway, and pimco was up front that it would use pricing services to value its asset if they don't trade much. if pimco things the price they it'st at was wrong and pricing service was right, then why shouldn't they use that price?" >> right, if you are a pimco shareholder, that is what you are saying. if you are a mutual fund shareholder and you see the etf just literally doubling the performance in the first three months, you are like, hey, why are we getting some of this? -- why aren't we getting some of this? it might not be a question of this being a bad practice. i think it's a good thing to do if you can get value for your shareholders. the thing that i think that is not just that it's with etf's, per se. it's when you first launch a son -- a fund and you look at performance. the thing is to say, look, did you do this just to get a little extra pop -- >> for your fund.

market, correct me if i'm wrong j with the etf's.unds like overseas plays, commodities play here, is it on purpose? >> we have a lot of exposure to the u.s., we have a global mandate. we want to get exposure or find the best opportunities worldwide. sometimes the u.s. offers a plethora of great opportunities, sometimes can you find more value in europe or some other part of the world. we want to buy stocks when cheap and hold them until they're more expensive and then we want to capture the gains that we generate. >> don, before i let you go, global political intentions. you can't get in the middle of the trading day which you can't do with the mutual fund, dealing with political tensions? how do you deal with that when the president is going to be speaking tonight, the market may be reacting tomorrow, how do you handle that? >> our management system takes risk off, depending what happens with price. the best indicator with risk evolving in the marketplace is price is falling and the reverse is true. there's opportunity when prices s

here is the gold etf., of course, this massive wipeout is a function of this huge move in the dollar. okay? very clear. gold down, dollar up. longer term pictures here of the dollar. i'm going to switch to red to highlight this. this is the dollar. this is the move that we've just seen. we are simply at the top of a range. you never in principle exceed a range when you first get there. in order to break out from a range, you have to coil more off than not. so our premise here is having reached the top of the range, the dollar is pricing quite a bit of what is coming, and start to back and fill. take a look at this picture here, that's our same lines, if you will, but here another way. basically the rally on the dollar leaves you at a difficult level, and the rally will stop for now on an intermediate basises, meaning that gold, the resi pro cal, has the potential to pull this. we're looking for the gld to move up about 8, 9% from here, close at 118. we will play for 125. >> 8 or 9% on the gld. mike, what's

pimco says they are cooperating in the total return etf.s new york city's most expensive apartment, not mine. million,um of $130 "street smart" starts now. ♪

to me it looks interesting here today when this etf was 42.35, i looked to buy a october put spread, paid 60 cents for it. that was my max risk. i bought one of the october 42 puts for 80 cents and sold one of the october 40s at 20 cents. if i get this between 41.40, i can make 1.40. it is declining and 40 was that low, that shot from august. i like that. >> the irony is things like utility and 30-year treasuries are often thought of as safety trades. this is the least safe place to be. if you look at what the 30-year did this week, that's ample evidence of that. there's a tremendous amount of exposure to rate increases. >> i want to go to you because dan's trade doesn't have much time to work out. this is october. >> if the market sell-off continues, anything tight like this will work. but i think the important principle, there's a long relationship between yields, interest rates and utilities and utilities only really start to get in trouble if you have inflation or if they are absolute cost of capital is moving and neither of these things is at play. look at this chart. this is ba

so me the technical set up is really interesting here today when the etf was 3245 i looked to buy the240 spread. i paid 60 cents for it. that's my max risk. i bought one of the october puts for 80 cents and sold one at 20 cents and if i get this thing between 4140 and 40 i can make $1.40. here's the key thing about the two strikes i chose, 42 would be a nice level. the stock is declining and 40 was that low right there from august and i like that. >> the irony is things like utilities and 30 year treasuries are thought of as safety trades but in a rate increase this is the least safe place to be and if you take a look at what the 30 year did this week that's sample evidence of that. there's a tremendous amount of exposure to rate increases. >> i want to go to you. there's not much time for it to workout. >> it's tight like this a 4240 will work: there's a long relationship between yields interest rates and utilities and utilities start to get in trouble if you have inflation or if they're cost of capital is moving and neither of those things is at play here. look at this chart. this i

finally, all of the high beta etfs, solar, bio technology etfs. they move more than the average market with high volatility days. there's the semiconductor etf. they're moving more than the overall market. back to you. >> quite a list. thank you very much. let's get to rick santelli in chicago. a lot's been made, rick, about a diverging rate expectation and the euro zone benchmark going to a 15-year high now. >> yeah. i'll tell you, there's a lot of questions and, of course, should janet yellen follow through on trading to end zero interest rate policy in 2015 how that plays out is anybody's guess. one thing we know is look at this intraday of 10s, many traders commented to me today they're surprised we haven't traded under 250 yet but i think i have a reason why. the stock market's been kevlar coated. it always comes back. i would say look in the last hour of trade, if interest rates slip under 250, the reason will be is that nobody's suspects that there's going to be a late-hour bounce in stocks. three-week low yields, should we close here, and

etfs that were actually down. that is one key thing, investors think about the dollar going higher as we have rates going to the up side, rates going to the downside over there in europe, that will be a big component for the global allocation in your portfolio. liz: global allocation but what do you pick and how? chris, made me laugh, said do not let the market pass you by. like the mc hammer song, do not pass me by. tell us why you feel that way. that means you must be bullish on certain equities. >> we're bullish on specific names. here we are in september, probably good time for some pullback. we've been doing our homework in the summer around technology that have good secular growth trend. one is ruckus wireless. a play on the wi-fi for carrier and enterprise class deployments. the apple phone will be announced next week. more capacity needs to be taken off the systems and wifi benefit from that. one other name we're excited about is air lease. it is international airline leasing company. they're great ready m

etf is going to benefit. >> any guesses on the number of redemptions?> a lot. >> i think 20 to 30% is a reasonable guess. >> percentage of billions. >> percent of those pimco assets. >> 20 to 30%? >> yes. over time it. s an been underperforming in many categories. >> and bleeding already for years. >> and money's been flowing out of there. just quick, when he went over here, this morning, you saw a nearly 800 million dollar jump in the shares of janus based on a 2 billion dollar market cap before he went there. meanwhile el-erians, alv was down nearly 6% on the lows. >> billions. >> 6 billion dollars flushed out of them. >> on the other side of that the man whose reportedly according to dow jones and other sources dan iveson, whose the ceo at pimco now. he is an accomplished fund manager himself. >> it doesn't matter. >> he's not the guy. >> i get that. but what pimco's point here is they have a success plan and they don't think there is going to be that many redemptions going out the door. >> if there are redemptions there will be sales of the bonds. w

is reportedly investigating whether pimco artificially inflated their turns on a popular etf aimed at investors. "the wall street journal" says the probe has been under way for months. at issue is the way the total etf bought and valued securities and whether investors were given inaccurate information. it's a violation of new securities laws to give misleading information even if it's unintentional. top story this morning, u.s. pharmaceutical giant pfizer considered a take overbid from rival activist. the talks ended last week whether activist turned against the deal. cath rib joins us with more. this is pfizer's second attempt to pursue a tax inversion deal. but perhaps they're coming to terms. >> who knows, seema. there's still a lot of talk they might come back for astrazeneca later in the year. i think what's interesting is this is a company that's kind of fresh out of ideas. they did a lot of work persuading shareholders and politicians in the uk earlier in the year that pursuing astrazeneca was for all sorts of things other than tax inversions. but to not pursue this particular

very heavy volume today in commodity exchange-traded funds like the gold etf. the silver etf. there's the energy etf, a basket of energy stocks. even australia which is a commodity-related country, the etf australia all to the down side. let's show you what was going on with these commodities. sue was talking about that multiyear, year and a half-point drop in oil, but we've also seen weakness in copper, in aluminum and gold as well. so put up that screen. you can see where multimonth lows on all of those major commodities right now. also chinese stocks weak on supply demands and concerns about slower global growth. put up some of the commodity stocks, and you can see what's going on. the important thing is overall, we're seeing drops in commodities. so companies like freeport mcmoran, southern copper are all on the down side. that's another group that's on the weak side. you see, look here. down 4% for the month on the point where the s&p is basically flat. so the bottom line is we've got some trouble here. big energy and big oil stocks are also weak. we talk about some of th

. >> oih, oil services etf, neil.u were tking about, it's a winner. >> all right. you are going all fossil fuels. that's an interesting note there. ben. >> next go etf. mexico is a powerhouse. mexican people are an incdibly grt, productive people. let's bet on them. >> anyone worried about the mere term big old correction? what do you think? >> yes. yes. >> inlt woied. >> you worry about it, but you don't trade and invest on it. >> thank you very much. we continue now. >>> by almost every measure the american economy and american workers are better off than when i took office. >> better off than before? this week we found out the job market is stalling again, and median household income is down nearly $3,000. are you better off or not? hi, everybody. i'm david. welcome to forbes on fox. let's go in focus and find out with ci forbes, elizabeth mcdonald, mike, rick unger. on monday the president id by almost any measure the economy was better. on friday we get these

anyway, that's says that. >> have etfs gone too far in your view? that's the overall bottom line question. >> they always try to come up with something new. so we can always ask, what will the next big etf be that will capitalize on some trend? >> send herb your ideas, folks. >> i'd like to hear that. @herbgreenberg on twitter. i'll listen. >> herb, thank you very much, as always. and we should point out that herb is the editor of herb greenberg's reality check research report. sue. >>> ty, thank you very much. well, alibaba, it's going to trade right behind me here, and it is gearing up to be the biggest u.s. ipo ever. how does an ipo get this done? when it's that big? and should you buy the stock on the first day of trading? >>> and this is an incredible story. is your work colleague high? new jaw-dropping stats on how many americans turn up to work as high as a kite. you have to see it and hear it to believe it. there's a difference when you trade with fidelity. one you won't find anywhere else. one-second trade execution. guaranteed. did you see

etf have made it so easy to move money around very rapidly in the less liquid segments.y what will be a great place to put your money right now. you, just in august, bought a stock you had never bought before for your portfolio, what is that name and why are you going into it now? >> it is alcoa. the first company that reports every earnings season, we think this is a business that is really changed. historically had to play the aluminum cycles but there are some real secular long-term shifts. a new car is predominantly made out of aluminum. ford line of trucks are going to be the aluminum content is going up significantly across the line. and you look at airspace acquisition. taking the the near term boom and bust cycle that used to be kind of the background for aluminum making it a long-term play. >> it has done very well. it is up pretty significantly since you bought it, but just now getting back to the five year high. you believe it will best that and move higher. >> it was 40 before the financial crisis so we think they are allocating capital more effectively, doin

given that so few etf's truly have correlation, does the correlation trade carry less weight?s have to hold their nose and own it? >> the people that will own alibaba will be the active managers. they participate in the ipo and are able to participate in the secondary. the passive investors will only be able to add alibaba at the rebalance. fast-track include a so we will hold quickly. ofsome degree, the names trades in the u.s. have abated to the nasdaq. you lose a little of that international diversification but we still like the story coming ofu have sales net income growth across the board in this basket versus their u.s. equipment. -- u.s. equivalent. >> are etf's a good way into chinese stocks? >> sure, if that's it you want to buy. you own all these other chinese companies. not all of them have some sort that aref government influencing them. >> about 80% of the market cap with them kweb are u.s. listed names. in order to listen the u.s., they have to apply through this ads structure which is not adr and has -- and as part of the doing business. they are not listing on

platinum etf's as well. you shaking your head saying he's out of his mind, or do you think there's an opportunity there? >> as he's talking he makes good sense. i look at mineral companies, all i see is losses going forward. i think he said three to five years. in the short-term i don't think it's going to happen. silver at 17 is a low price, i guess it's okay. i would not want to leave equities, the next two or three years will be well. i wouldn't want to take my money out of equities. liz: what equities, brent, what do you like here? >> micron technology doubled since the 52-week low here. still a p/e of 11 times earnings, a price of cash seven timeings earnings, sales are up 83%, very strong balance sheet. debt to equity of 58%. low and tangible assets as well. nothing wrong with the company. liz: it's up 7% today. it's doing beautifully today. you like that, but as we finish up, christopher, give me your final sense on the fed and how it affects the world and if you're worried about it? >> i think the fe

you get diversified investment by playing the etf.we remind investors even though you get higher interest from preferreds there is greater risk. there is always a balance of return and risks. ml. ps, master limited partnerships, sometimes viewers have trouble figuring them out. can you explain what they are and what the best bets are. >> mlp's is a special class of companies. the government wanted to give tax breaks for energy infrastructure businesses is best example of that. they're very capital intensive. they want to give them a break. you give a lot of profits back to shareholders. you're buying into partnership instead after individual stock. there is jargon and tax implications. simple way, there is infrastructure etf that doesn't have the kind of a cape things you get out there like k-1 filing if you buy mlp shares directly. you get a egular tax form like other income investments. i prefer the structure from alerion. if you want a specific one, i like energy transfer partners. -- alerian. you're not worried about extraction or

joined at the etf hip, simple. a better question might be what's behind the decline in oil when russia could be on the verge of holding exports or kicking out foreign oil companies when nigeria facing the possibility of an ebola epidemic and when iraq is one battle away from losing it's oil production. how can the price of crude be going down. now an amazing 15% from its june high. there's two reasons. first traders believe when the dollar gets stronger oil gets cheaper. -no long-term linkage between the dollar which has been abnormally strong and oil as my friend and colleague at the street.com can tell you. he's researched it better than anyone. but right now traders send oil down any time the dollar goes higher. since it's had the move up against the euro that's triggered a lot of oil selling. we know the u.s. is producing more oil than it used to and that's keeping supply above where it would otherwise be but the world while turmoil makes it a good investment and not a bad one. start buying the oil stocks. one

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you could trade the honging cong market here, ewh the etf for that.s been down throughout the day and coming off its lows right now. finally want to know high yield is much more stable today, down a little bit, but the volumes are not nearly as high as they've been in the last few days. you were talking about bill gross and what might be moving around. the biggest bond etf of all, vanguard, almost 400% normal day's volume today. definitely people moving stuff around as for bond, the total return fund, that has almost 300% of the volume. these funds, that big one, that's out there, bill gross' fund, the main one, has $200 billion in assets. 19% in cash. just because the volume is high, it doesn't mean they are necessarily selling bonds to deal with redemptions. they have a lot of cash. >> that's a discussion bob, i'm sorry, that we had on the desk. rick santelli, charlie evans' comments here on cnbc, pimco flight, what do you make of it as it relates to rates? >> listen, the sun comes out to -- every morning and charles evans is going to be a dove ever

the total return etf fell slightly and morning star placed all funds under review. but at janis, it stock forward 30%. the parent company was down 6% in germany. for many, these are a mainstay. who is bill gross? why is he so important and how did he get to the point of leaving the firm he founded? jane wells has more. >> washington package. >> bill gross has been king of the world, making investors oodles of money. starting the largest bond fund in the planet, averaging nearly 8% annual returns since inception. >> he's a true giant in the industry. a true legend. >> a familiar face to nbr viewers is stepping down as ceo and co-chief investment officer. >> in january, gross's heir apparent abruptly left. >> we got along real well. >> investors didn't like it and began pulling out money. personnel changes including rehiring former portfolio manager. and the company continued to standby their man. >> is bill gross past his sell by date? >> bill is working hard on the recovery. >> but we hind the scenes there was talk of a brewing revote. and this week the launch of an

and etf's.e crane shares in csi gauge that look at the top chinese funds that are listed abroad. they plan on including ali baba on the 11th day after trading. october 3, around that time. that inclusion into the etf. -- not all syncrude etf's include the ipo. but that's a great way to do it. look at the west ticker where it was up 10.5% this year. compare that to the s&p 500, which is up 8%. softbank ast using a proxy? i'm told that the founder of soft bank is now that much more rich because of their stake in alibaba. >> the analysts say that is a great way to play it. people have been playing that for the months ahead of this ipo. stake.ve a 34% it's going to move. if you want to talk about playing in on day one or day three, perhaps softbank might not give you the popular looking for. -- pop you were looking for. >> thank you so much. shaking this hour, pimco cofounder bill gross is counting on derivatives to raise his returns on government bonds. not janet yellen. he sold most of the use wes

with with an invest into a pimco etf and then the shocker.would leave the company he created. >> this is stunning. >> and it was. pimco co-ceo hodge said in a statement the company is grateful for all that gross has done but they had, quote, fundamental differences how to take pimco forward. gross said it was time for him to focus on, quote, the purr aspects of portfolio management at a smaller firm. kelly? >> all right, jane. he is not leaving the spotlight and leaving pimco. appreciate it. for more on what's really happening with bill gross and pimco, joining me now is dan freed from the street.com and contributor ron insana with the rest of the panel. dan, what happened here? >> well, i mean, bill gross is clearly just totally lost his mind. right? i mean, the guy couldn't get along with mohammed who's one of the easiest guys to get along with in the world. he's an egomaniac. 70 years old and now going to go work for a firm in denver that manages 20 billion in bonds. this is -- >> i can tell you're his first investor here s. there personal

this is the etf on energy and you can see that's down 1.5% today, as well. first of all, 10-year.nge. what's the upper end here to see? >> i would say over the next couple of months maybe 275, 280 on the very, very high end. low end, there's a chance to go down below 230 or so but it seems unlikely. it seems unlikely. >> 275. i wonder what that would do to the stock market. >> heavens. i said two weeks ago we went from 24 to over 3% on a sudden move it would be disastrous for the stock market. i don't think that's going to happen immediately. let me point out something on the energy. we were talking about the statistics. the global economy is not getting traction. there's weaker demand for oil and energy stocks are down. >> plentiful supply, you can lay that at our feet here pumping more oil here in the united states. >> that's right. >> the fracking going up north. >> look at eop, big expiration production companies out there. very high valuations and very difficult to justify high valuations on the e & p stocks when the demand is weaker and plentiful supply. >> how much of the r

but i would also just go with a market etf like the spiders, the spy.gest companies here in the united states, it's a good way to get exposure to everything. charles: and i would say ibm. not a lot of money. people say that to me a lot, and it's a red flag because that means, charles, i want to buy a $2 stock that can go to 200. that is the code. i know the code. i know the code. don't worry about buying a $100 stock. even if you're buying one or two shares, the idea is buying something quality, a great name. you hear the theme, american. i think ibm, despite near-term problems, will be around for another hundred years. that was a great letter. thanks a lot. really appreciate it. all right, now, two of my ideas that are down -- believe me, i have more than two -- two that i think are screaming buys right now, you're going to get them this just a bit. sooner or later we're going to have to send ground troops, the good news is, they'll fight like never before. the soldier of the future and how you can make money on it. ♪ we've never sold a house before. (

is an etf on fund actively managed by bill gross? don't you think he most etfs as they reflect what's going on? >> that's what they usually are. >> i don't understand this. this is weird. that is a new tie, though, i do know that. >> how do you like it? >> i like it. >> we went to our tie people last week, right? >> it goes with your eyes. >> we have to move on. >> meg terrell is on set with us. >> there's a new projection to report. looking at the best and worst case possible scenarios for ebola. they say if nothing changes, by the end of january, cases could reach 550,000 to 1.4 million just in sierra leone and liberia. right now, the cases are doubling every 20 days in those two countries. it's terribly frightening numbers. but they lay out a best case scenario which involve eradic e eradicating that disease by the end of january. 70% of ebola need to get into treatment centers to eradicate that disease or stop i by the end of february. of course this does not take into account guinea, which has been really, really hard hit. >> th

>> vtv, vanguard etf, inexpensive to own, which i do. >> ben?your partner, lucky guy. >> a draw, a magnate, as are yo. guys, thank you. continuing on the place for business. fox. nowhere else. >>> our national security front and center as the u.s. targets isis in syria and new terror threats at home, but while focusing on national security cent certainly is vital have we dropped the ball ob job security? a new survey, only one in four workers feel more secure about their jobs and one in four americans in their prime working years are not even working. some here say government policies are to blame. are they right? hi, everybody. i'm david asman welcome to "forbes on fox." let's go "in focus" with steve forbes, rich, mike, rick and john. rich, a

the etf, mandy, is down this week. love southwest. up 13% the past month.hey are repainting their planes blue. >> looked a little like facebook. >> i don't think that's the reason the stock has done well. >> peabody energy is my stock of the week. unfortunately, it's down 7.5%. it's down over 30% year-to-date. it's been a tough business. coal miners doing it tough and they are downgrading from neutral. >> all right. so we are waiting on roger goodell, just a point of note, roger goodell is expected to give a press conference in 45-second time. cnbc will have coverage of that. i want to point out one thing which i tweeted out last night. and i feel like this somehow was appropriate today. ♪ >> big story that was dominating the markets yesterday, we didn't even talk about it today. thank you, alibaba. >> well, also, thank you, "no" vote. had it been a "yes" vote, it's all of a sudden on the back burner. the s&p is only up very, very slightly. the dow is up 42 points. it's up about half of the highs of the day. alibaba up by 34%. 91.19. so doing very well. >>>

>> i don't get fancy with leveraged etfs. there is lot of ways you can lose money.o stay away from that. i stay one-to-one ratios. keeps it cleaner. david: j.c. paretz, still bullish on jcpenney as well. >> hard not to be. david: heart attack on apple, that led to release of pictures of naked celebrities. who is to blame for the breach. we asked a white hat, ethical hacker, have you heard that term? he head as cyber firm. he has details on story. liz: nato wants to present a united front against russia in the ukraine crisis. could worsening tensions, and putin saying coy take kiev in two weeks if i wanted, does that already attack, even worse and hurt europe's economy? david: many thank you graduates looking for their first job, we'll tell you which jobs pay college grads the least. ♪ sweater, extra sweater oh and this is the xfinity tv go app. he can watch live tv from over 50 channels and xfinity on demand movies and shows wherever he wants. have fun, make some friends. alright? did i mention his neck pillow? (blowing) ♪ liz: time for a quick speed read of some of

one of the only, the crane shares, china, etf, kwet is the cymbal.volume in that today, see another one, another one called ipo, the rehn sanction capital etf, symbol is ipo. >> you're investing defensively. do you like technology at this point? >> i absolutely like technology and i love apple right now, as a matter of fact. i feel like it's oversold. i like it at that price and i will continue to like it. >> all right. very good. got to go, folks. thank you. >> thank you. >> see y'all later. going out with a gain of 108 points, an all-time high for the dow and the s & p. stand by. here we go. we will get the pricing on alibaba coming up in moments on the second hour of the "closing bell" with kelly evans and company. i will see tomorrow. buckle up. >>> buckle up and welcome to the "closing bell." i'm kelly evans. where do we begin? go out with markets closing at all-time highs here, charge he can in, the indexes, dow add egg 107 points on the session, 17, about 265 that is going to be the new high-water mark. same for the s & p 500, trading up 7 poi

this is an etf, the ewg which tracks the daq.o i think there's some warning and here's how we would trade this. it's broken trend for the first time in about a year. that's important. when we throw back a bit here, we would fade this throwback and i think what you're going to get -- here's our line. here's the break in trend. i think what you're going to get is about a 10% decline back into this support. so i would say be careful and consider this a place to take profits if you were long. >> that's considerable, 10% decline. >> yeah. like we were just talking about, you can't get short something like this into central bank action like what we're seeing. when you look at the german equity indices and names there. they're international companies. and still they have tremendous exposure over there. vo i'm inclined to take advantage of the fact that generally speaking when you look at an index like this, options prices tend to be less. and we're looking to january to give us a little bit of time. i'm looking specifically at the janua

we like to play that through various etfs. we also like the technology sector and the health care sector. also play through etfs. david: rob stein, pete lang, thanks, gentlemen. bob iaccino, we'll see you in couple men's when the s&p futures close. thanks a lot. cheryl: try to turn this positive. dow and s&p 500 steepest losses since august fifth. david: not a good day. but there are bright spots to be looked at. cheryl: i'm trying. taking a look at yahoo!, here we go, another negative story. the stock falling for second day after big ipo of alibaba. are investors starting to worry about its worth without alibaba in the long-term future. could yahoo!'s assets be worth zero? debate coming up. david: gold's luster has faded if you've been watching that fall as well as stocks. it is hitting the lowest level in eight months as investors see a rate hike on the horizon. will the slide continue? or are investors wrong? we have a very strong bull for all you gold nuts out there and a very strong bear for the folks who think gold will