make the pitch for janus capital. >> we want janus to be the place where great investors come to invest. we have four priorities. we said first we focus on investment performance and nothing is more important than that. second is client service. third is financial strength. weed need to have a strong balance sheet. clients need to know we are going to be there through a cycle. fourth is what we call intelligent diversification. we are building out fixed income and in addition to that asset elication. >> a big buildout. >> it is exciting. i would have been -- >> a real pleasure. i know you have been feeling under the weather all day. thanks for helping out and coming. we have bill gross coming up. if we played drinking bill gross the audience would be tipsy right now. we are going to keep doing it. the interview is coming up. >> i'm sure it is. we promise you that. we will get back to you coming up shortly. a quick reminder his first tv interview since leaving pimco and joining janus. first, how long will these low oil and gas prices last? your next guest says get used to them. that is u

>> yes, sir, at janus, bill gross is doing unconstrained bond funds. in other words, he can bet on bonds and short them like a hedge fund, whereas, his own funds, the total return funds, is funded by the whole bonds. they're not really apples-to-apples. it's beating fine% of the gettors over the last month or so. long term, we'll see how that lasts and brill gross obviously will claim the investors in that time. so far, so good, for stock with pimco. >> so if i stayed, i would have been paid to stay. what's gross, unfairly tarred for his performance in the years leading up or the quarters leading up to his departure. as i understood it, there was one year where he lost money for the first time. even in that year, he was outperforming his peer group. >> yeah, i wouldn't say unfairly targeted. here's a groi who is seven years of age who have had employee, college we've written about. just unhappy to work there, not a conducive argument not a couldn't duesive argument long term to top performance. he's umpbdz performed relative to peers, to his indexes, r

the ceo of janus is spectacular to cnbc. they have a firm here to grow in fixed income and equities. the reality is that this, folks, i mean, one takeaway, don't forget, from this time, this eight hours in denver or whatever we have spent here is that janus capital's going to grow so these other firms of the world, janus capital might be coming after them and hiring bill gross was a big part of that, guys. >> all right. well done. good to see you. thanks. safe trip home. >> thank you. >> see you later. >>> 40 minutes left. a little bit lower. dow down 74 points here. and i tell you. we're watching oil as much as we're watching the stock market right now. but the industrials down in the trading range today. >> the weakest name in the dow is mcdonald's. it's off more than 2%. some pressure on a name like american express, as well. >> should benefit of oil lower, that's the weakest link today. when's the strongest? >> exxon. >> isn't that ironic? >> people looking for that fortress balance sheet that's bantied about. that's a h

. >> janus capital's bill gross says the drop in oil prices

we got the ceo of janus capital. the guy who hired bill used to work and for bill as chief operating officer of pimco. why start over? 70 years old? billionaire, i think he has a competitive fire. i know a little bit about how he will answer that question. it might surprise you. i don't have a lot of set plan questions. we will try to make it just a conversation and talk about the fed, as well. >> we will all be watching. brian's interview with bill gross in about 50 minutes time. >> look forward to that very much. >>> very volatile day down here on the floor. bob pisani is back with me at post nine. it has calmed down considerably. the vix spiked but now that is moving back down. >> about the collateral effects of the oil drop. brent as well as west texas started moving to the down side. russia is the focus of all of this. how does russia pay for imports? almost half of export revenue is oil-related. that is a big issue. here is individual stocks that trade right here. all of them down. this is just on a one-day tra

>> i am afraid this is another example of the janus-faced approach to the nhs by the party opposite.tered into this appalling pfi contract, along with other such contracts in the nhs, which are now costing the nhs £1 billion a year. it is an absolute scandal that the sherwood forest hospitals trust has been crippled by a botched pfi deal entered into by the previous government. the trust is now receiving central support to address its underlying financial deficit, and it has developed a plan showing year-on-year improvements in its position, including 145 extra nurses, nursing support staff and doctors, since going into special measures. >> toby perkins. >> if the deputy prime minister had attended the autumn statement, he would have heard the chancellor claim that this is a government who back small business. he could give those words some meaning by backing labour's plan to outlaw large companies who are charging small companies to be on their supply list. will he take this opportunity to back that plan and really start to stand up for small firms? >> thankfully, we have seen more

more investors on the main bill capitalnd fund at janus , they received about $770 million in new money in november, bringing the total assets of the fund to over $1 billion. the bond returned 4/10 of 1% over the past month. a 1909 baseball card featuring honus wagner has sold for about $403,000. the card was sold by a private collector and was bought by an undisclosed bidder in an online auction. the card is one of about 60 such cards in existence. in april of 2013 the card sold ar $2.1 million, a record for baseball card sold at a public auction. that is a look at the top stories we are following at this hour. the u.s. congress faces of thursday. -- there's a deadline to finance a massive spending bill to avoid another government shutdown. the outcome could hinge on government policy changes that they are trying to tuck into the bill. peter cook joins us with the latest. republican leaders sound confident the showdown can be avoided. >> they do sound confident at this point that they have enough but weo get this over won't know if there are potential potholes until it is made public l

we will watch bill gross and how he does it at janus.l, would you put money in with bill gross now? >> but always concerns me is that he does seem to be acting a bit irrationally. his behavior is not what i would want necessarily. as proven at his track record is, his behavior lately have not been comparable. >> i think he just said no. >> i would counter that i think of how different is that from historic bill gross? >> exactly. >> when performance is great, everything is great, but suddenly you have cracked the armor and you say, oh, no, he's acting crazy. but that has always been part of his shtick. it's like saying warren buffett seems kind of folksy. that annoys me. >> it comes back to the question of, are his best investing days behind him? the guys in his 70's. >> him as an investor, or the bull market that enabled his style of investing? >> exactly. >> and beyond that, you have pimco with this huge fleet behind him, supporting his ideas and saying, this is a good idea. i don't like commodities, but this seems interesting, and he

janus capital. a new highs they are. that was about two months ago. $1.2 billion.here is a stock in that particular fund. now the other side of the coin. it is a dow stock. it is down and that hurts the dow. how much did the u.s. sales fall. >> 4.6%. if so not only in the united states, but also in europe. that was down 2%. they have a dual problem. make donald is the worst performer compared to chipolte, burger king. the millennial's have changed their eating habits. mcdonald realizes they have a fundamental problem. everybody wants it made to order with fresh ingredients. that may be one of the best reasons for chipolte. >> well said. just give it to me now. stuart: thank you very much. detailing interrogation techniques expected to be released tomorrow. a report on what they call culture. done in previous years. >> you are absolutely right. the other thing is we never got any real action from it. a lot of people involved said that is where they got their information. let's toss that aside. what is it going to do? it will tell foreign intelligence agencies, it wi

rowe price and janus. christian hanson. all of them come together to create iii.eye how to make money. >> we had more than a minute. >> i've got more to do then. >> the notion of investments is simple. legg mason and janus are doing quite well. t. rowe is the steady hitter in that. it's a way to be a surrogate for the market. changing tastes of the american and public and the world population, less salt, less sugar but more of everything else that's nice and spicy. that's where the iff and christian hanson fit. in infrastructure we need. >> mario, thank you very much. >> always a privilege. >> join us tomorrow. "squawk on the street" begins right now. >>> good tuesday morning. welcome to "squawk on the street." i'm carl quintanilla with jim cramer. david faber is at the communications conference. it has been 1 1/2 months since the dow fell two days this a row. today might break that street. premarket rough on worries about the fed signaling an end. shanghai had its worst d

now -- janus would you put money in? >> you are such a reporter. question. >> some people on the show like to commit journalism. >> i think it would be the height of arrogance to say you wouldn't put money with bill gross, one of the best investors of all time. but i would say there is an argument about going, let's say, in the equity direction, because stocks are at an all-time high. by the same token, you have 10 year treasury reels -- yield at 2.30. >> with you think they will be? >> probably below three. >> mary, do something with that this morning. >> i'm on it. >> one of the famous quotes when he was asked whether he was a legend and he said, not yet. did he make it? >> i don't know what standard he's comparing himself to him you know, jesus. [laughter] >> that the high bar. >> it is a high bar. if you don't think you're a legend yet and you're bill gross, it's interesting. >> he's been in the bond market for 30 years when it's been a bull market, so he said, is it me or is it the market? clegg's it's a rhetorical question in any case. we'll

. >> what does this mean for bill gross in his new role at janus, what are people saying?'s off by himself and has some i.t. guys and secretaries. magneto in histo own little world anyone it to be in a sidecar vehicle and wanted to manage a couple of billion dollars. >> did he want that or did he want to control everyone in his universe? >> he dead but the universe got too big so he noticed has a small universe. >> that sounds crazy to me. >> who is charles xavier? >> maybe iversen. there was that puzzled look. >> i'm puzzled when i talk about the kardashian's. >> eyewear that like a badge of pride. >> what is your take away since you put this story out? reactions hasmain been that there was some as dysfunction for so long that it's incredible it worked for such a long time. >> shouldn't that mean they should be able to maintain more assets? they are still losing assets. >> it's slowing. the peak of the loss of abscess -- of assets happened in october. the peak was 2005 and we are on the better side of it. percentilein the 99th last year so they seem to be doing a pretty g

. >> bill gross put out his latest investment outlook for janus.e is writing about this team whether central banks can pile on more debt to solve debt crises. he goes into his actual investment tips and says markets are reaching the point of low return and diminishing liquidity and prepare for a world where asset appreciation is engineered upon false central bank premise of artificial yields. do you agree? >> no. look what's been accomplished. the fed did aggressive qe. it made dramatic improvement in balance sheets in the united states. they fixed the banking system, housing market, household balance sheets where people have been able to refinance at low interest rates. qe has not generated strong growth but caused healing in the economy. what europe is trying to do and what japan is trying to do makes sense. they are trying to repeat what the fed's done. i'm not sure it will succeed as well as the fed because they are both moving much too late. it is the right thing to do. the fed policy is a success. that is why we are seeing 200,000 plus payrol

this is the first time speaking in a live television interview since leaving pimco and joining janus and then the 10-year note yield at 10.08% last friday we were at 2.3%. >> heading for the hills. we are back in a moment. just take a closer look. it works how you want to work. with a fidelity investment professional... or managing your investments on your own. helping you find new ways to plan for retirement. and save on taxes where you can. so you can invest in the life that you want today. tap into the full power of your fidelity greenline. call or come in today for a free one-on-one review. no question about that. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if