reiko folks who don't live around here, what part of the city do you live in?>> guest: i live in the east side of manhattan. reiko how long does it take you? >> guest: takes about 30, 35 minutes. c-span: when you go there? >> guest: i get into the office between 9:30 and 10:00 a.m. i start my day earlier. i usually start from home and am reading everything. that is sort of my routine. getting to the office as a formality. c-span: when is your first program? >> guest: sort of the midday of what is moving the markets, what traders only cannot right right now. what is the latest wall street research hitting the tape? c-span: why do you call it "fast money"? >> guest: because the timeframe is not the bio investor. it is probably the next 10 minutes. it could be the next 10 seconds. it could be the next 10 days. it could be in the next couple of months. c-span: do you play the market? >> guest: we are not to play the market. we can invest in mutual funds and atf, but we are audited. there is a strict standard here, so there'll be so so complex answers -- interests.

reiko what does that mean, contingent?>> guest: they are hired semester by semester or year-by-year, that they have no way of knowing whether they will have a job next year. and many have been in my view are earning less than minimum wage. so really, two thirds of the professoriate is earning less than $60,000 a year. many of them less than $30,000 a year on those part-time or nonlinear jointed appointments. so a lot of the professor professoriate is not exactly comfortable. amy faculty members who teach you have no health care, who have no investment in a retirement system. they live pretty rough lives and that is more the story of higher education these days than i paid faculty remember with corporate grants and corporate consultant ships. that is a really small percentage of the professoriate is doing that well. c-span: by his tuition gone up so much ahead of inflation? >> guest: well, first of october more than half of the undergraduates in the united states are at community colleges and pain about dirty dollars a cred