vanguard's 39 e.t.f.s make up less than 10% of the firm's total assets under management. but, vanguard's fran kinniry calls e.t.f.s the biggest opportunity he's seen in some time. >> we are very conservative in our product development and launches. we are very committed to the e.t.f. landscape and we think it is going to be a major part of vanguard as we move forward. >> reporter: this spring, bond king pimco and charles schwab announced they, too were launching e.t.f.s, a move some experts predict will change the e.t.f. landscape and attract more retail investors. not all providers however are gigantic. wisdomtree is an up and comer with less than one percent of the market. it is, by the way, the only pure play public company that provides e.t.f.s. while the three-year-old firm offers 51 equity and currency e.t.f.s, it's yet to see a profit. wisdomtree president bruce lavine isn't' worried. >> the e.t.f. business is exceptionally strong and i don't thing you've seen anything yet. i think it's going to really dominate in the financial services industry over time. some pre

ste street global and vanguard slice upuch of the rest. that pie is getting taier. e.t.f.ssets stand at close to $600 billion-- double what ty were four years o. but e.f.s account for less than 7% of the total fund sets here ithe u.s. soexperts see huge potential for growth. vauard's 39 e.t.f.s make up less than 10% ofhe firm's total assets uer management. but, vanguard's franinniry calls e.t.f.s the bigges opportuny he's seen in some time. >> we are veryonservative in our product devepment and launches. we are vy committed to the e.f. landscape and we think it is going to a major part of vangrd as we move forward. >> repter: this spring, bond ng pimco and charles schwab annound they, too were launching e.t.f.s, aove some perts predict will change th e.t.f. ldscape and attract more retail vestors. not all providers however ar gigantic wisdomtr is an up and comer with ls than one percent of thmarket. it is, by the way, the only re play public mpany that provides e.t.f.s. while the threyear-old firm offers 51 equity andurrency e.t.f.s, it's yet to see a prit. wisdomtr

statstreet global and vanguard slice up mh of the rest. that pie is getting tastr. e.t.f. aets stand at close to 00 billion-- double what the were four years ag but e.t.s account for less than 7% of the total fund asts here in e u.s. so, perts see huge potential r growth. vangrd's 39 e.t.f.s make up less than 10% of t firm's total assets und management. but, vanguard's fran kniry calls e.t.f.s the biggest opportunithe's seen in some time. >> we are very cservative in our product develoent and launches. we are vercommitted to the e.t. landscape and we think it is going to be major part of vangua as we move forward. >> reporr: this spring, bond king pimco and charles schb anunced they, too were launching e.t.f. a move some experts predict will changthe e.t. landscape and attract more retl investors. t all providers however are gigantic. wisdomtrees an up and comer with lesthan one percent of the rket. is, by the way, the only pu play public coany that provides e.t.f.s. while the ree-year-old firm offers 51 equitynd currency e.t.f.s, it's yet to see profit. wisdomtree preside

but if you want to protect yourself fidelity and vanguard have cheaper mutual funds. >> these you tips and u.s. bonds, i want non-u.s. bonds. david: that is it for foreclosu"forbes on fox". keep it right .

and as an investor, you go with b.n.d., vanguard index. you're ok for a while. this is going to be a while before rates go off. terry: ok, that's going to do a supreme showdown on capitol hill that's because sonia sotomayor gets a grilling from the senate today. her personal biases, will they trump the law? city tuned for that did former vice president dick cheney order congress out of the loop on a covert cia counter terrorism program? we will take a closer look at that and how the attorney general could now be involved. speaking of attorneys, there is one there. >> dramatic struggle caught on police dash cam. the officer tries to control the suspect and suspect dies. did he die from a different health cause? who is responsible? we'll report

and as an investor, you go with b.n.d., vanguard index. you're ok for a while. this is going to be a while before rates go off. terry: ok, that's going to do it for "cashin' in."

. >> i ask my mother permission to wake up at 4 in the morning to watch the first vanguard rocket take off. i watched it boost two feet into the air, fall two feet, follow for, and blow up on the launch pad. greta: even though our first flight was sub-orbital, the 15- minute flight aboard rocket proved america was ready. >> roger. we are programming. greta: on figure 20, 1962, john glenn made america's first orbital flight. he circled the earth three times. his reception was enormous. >> we chose to go to the moon. >> what we were dealing with was the soviet union having one- upped us on everything in space until that time, first man to fly, first woman to fly. greta: america responded with a gem and nine program because nasa needed and intermediary step. >> it represented john kennedy's new frontier. these were the all-american boys. while the counterculture was going on, the astronauts were the new cowboys. greta: lance arms -- neil armstrong was born in ohio. nasa chose him for apollo 11 because he was not a career military officer. >> many of the career for skies did not like that.

that is vanguard dividend.ig, just look up the portfolio, the top 20 stocks will tell you exactly the names i like. >> gordon? >> i want education, erin. that's what it's all about. as far as i'm concerned, anybody -- >> -- >> i would say so. >> thank you very much. gordon, we appreciate it, and phil, also thank you for your time. >>> we've got a final check of the markets coming your way on the other side of the break. and we are awaiting -- >> the news conference. >> the news conference. the opulent room. >> it is. t is. this might not bethe b. but just can't wait for the mark to heat up. (woman) need to sell? re/max agents have t experience to get the job done. nobody sells me real estate havethan re/max.e where do you wt to be? know-it-l. expert. guru. how about ? wu will do. vincent wu to katmandu wh's next? tiuktu. ea code 212. so, mbuktu, katmandu, peru, d 212. al half past 2:00. not problem. [ female announcer ] need an expert? pu a butn. that's the human twork effect. learn more at cisco/newways. phew!

from a lib rat perspective where they don't want to see courts ruling from on high and being in the vanguard of social change. obama has said that before. sotomayor has said that before. they're about consolidating progressive gains rather than using the court as a heroic instrument of vast social change. >> which creates a less dramatic story for the media. there's a serious and interesting question about whether judges can be fully objective or whether influenced by their life experiences, their ethnicity and all of that. the media, it seemed to ming to reduce to this empathy, the buzz word, empathy, will she let empathy affect the way she rules. >> so interesting, howie, i was listening to the segment on walter cronkite, he said in one sentence, something that i think is sort of not very controversial principle, of course, my politics influenced the way i look at the world, don't influence the way i report the news, right? he said that and we all nodded and said, right. that was the question at the heart of the sotomayor hearings, how can it be that she can have ideas and politics, how ca

i thought i was being a vanguard. if i thought a little harder about the product which had been around for three years when i bought the stock i would have known better. tech cycles are short. any tech product around for three years has probably peaked. after that it's all downhill for the stock. unless it is a new product to keep driving the stock higher. i had to sell it ten points lower. >> sell, sell, sell. >> the house of pain. >> not because i was wrong about the product. the product was great. but because i was wrong to think it was new. in the course of your investing career you'll be told by experts that they've just heard of this great new thing. this happens all the time. it may be great. but you can't count on the experts to know if it's new. you have to check it out yourself. if it's not new, if it's been around for a long time, you're jumping on a band wagon about to go over a cliff. here's the bottom line. a great product does not make a great stock. and just because you just discovered something that's

in f ft, shs kind of leading a vanguard. it's a mysterious switch where the repupublicans used to alway accuse democrara of -- oof, you know, v victimhd and being professional victs. and nowt seems to be the publicans who are alwaysys pointingng the fier and seei themselves as being pickcked on byby -- meaniberals withth fangs. >>>> the t todd pernum "vanity " piece, if senatotor mccai won, the ve presidency would be e in the hands of a woman who did not have the temperamament fo the jo are we rt ofbackfillllg on the voractiy o that concsion, the e fact ttshe could not hahandle letterman's's jokes tt point t ere helawyer actually said that contribubud to h resigning g becausshe couldn't takeokes also eak to the suitability y of her temrament? >> l look, t think i all spes to it. i thinknk is whole epide reallyly tells uabout what we needo know about s sarah palin's suitabity for high officece. lo,if you can'tt sve out a a ll term a asovernor of aaska becaususe you' beingicked on byrivolous investigations or whatatever, u kno

rsonally i like index ndnd i ve the vanguard family o of funds. if y youeeltrongly at you likeke active managementnt many pplpl do,o,heherere a mbmb of fund amamils. fidelity o oerers t tget d dat funds, schwab hasas a an active component in them. but you want t t know whahayoyo' getting. >> let's say it is nowow 2009. lelet'say you are sayiying t t yoyourlf, come hell origig water, i'm etiring probably five years f froow b becsese i just can't work anymore. so regardless of the economy o regardless of a aththinelse, five morore years iss it. whwhatort of mix of stocksnd bonds s wod d soone i iththat situation n bein? if you'ree in that situation the biggesestthing you mayisis thatat y g got lot off upside, but if you h hav to retire,ouou y thing you need to protect yoself against is makeure you don't have unanticipated downsidede. my favorite russellff fund is thee ted andhrhrgh 1 minus your age is t maximum amount y youportfolio that you should have in stotock yoyou want to look for aararge tete fd family thatt followsws that rule.e. e three tha

t.rowe price or vanguard. you have to spread that money around to make money. >> second question here from mary in arizona, my son has a mortgage that is more than the value of the mortgage, this is being upside down. he is able to just make the payments what are the options to reduce his mortgage payment and principal reduction and et cetera, what are your thoughts on this, gerri? >> get on the phone with your lender and ask for some help, especially if there is a chance he will miss a payment. they could offer him a lower schedule and they released a program that could help homeowners, particularly if you're upside down in your mortgage, as you're inict deing your son is. go to the government's website called makinghomeaffordable.gov. there is a hope line, but there is some help out there. >> very good. fran seen is in north carolina and writes we have two sons in medical school and both have medical school loans, how can they get help paying back this loan? gerri? >> well, francine, a number of student loan

if-f you bought an index fund like vanguard you made no money.%, nonmalgrowth, but 40% of the earnings, 40% are nonu.s. that going to now have, instead of a head wind of currency, you'll have a tail wind starting about the middle of october, november. you'll have revenue growth, margin expansions because of what companies did. i think over the next ten years you'll do quite well in the markets. >> mario, we'll have more in a moment. steve, thank you very much.. stay with us. >> go, do it! what happened? we only played a second of it. ♪ it's the final countdown >> steve's favorite song. we play this for him in honor of the jobs report coming next week. we thought it was only one day of fun.. no, no, no, no. we're going to milk this. we're going to milk this for an entire week. >> 147 days for christmas, five days for jobs. >>> chevron is out with second quarter earnings. we told you about the numbers a moment. joining us on the "squawk" news line with instant analyses is jason gamel, senior oil analyst at mccleary skurtsz. we talked about how the