joining us now, john ameriks, head of investment counseling and research at vanguard. hi, john. welcome to "nightly business report." >> thanks. it's great to be here. >> susie: well, you know, a lot of people are wondering whether they should be investing only in u.s. companies or a combination with international companies. make a case for a global portfolio? >> well, we have always believed that having a globally diversified portfolio is an important part of a successful tragedy for any long term investor. listening to the imf growth forecast story elevated up a little bit from where they were. good news coming from overseas. the diversification ties in well with the other stories that you are leading well tonight. people talk about apple a lot and what's going on with their products, will they be able to to have the next great hit. one of apple's competitor, samsung is not domiciled here in the u.s. and it's outside the u.s., if you are looking to hedge your bets, you are going to need to have that exposure. you need diversification. >> susie: a lot of investors think if i in

these people are in the vanguard of range. they are saying things that are quite controversial. they get a lot of criticism and opposition as we will see from all over the united states. not just from states with big slave populations, but even in free states and slavery states that had been abolished. there was a lot of criticism. we must remember that the past is different from the present. we must remember the spectrum of political opinion is completely different from what it is today. many of the presidents are, themselves, slave owners. the president of the united states in the 1830s was a very wealthy slave owner, arew jackson. we talked about that at an earlier lecture. jackson said they were dangerous. they were incendiaries. they were trying to harm the united states. they were trying to harm american society. so, this is something that is a hard fight for abolisionsts. this fight takes place in many different societies. it is a hard fight everywhere. everywhere slave owners fight back. everywhere, slave owners try to counter these criticisms and try to preserve slavery

. >> vanguard emerging markets, ben will agree that emerging markets are the place to be for forever.b index funds are the way to do this, not individual stocks. >> ben, what do you think about that. >> a damn good play and for me i like the spdr's, you have to hold them for all eternity and you can't sell them when you die and you have to pass them on to your children and children's children. >> neil: what if you don't care for your chilen, you can't do it, you have to care about your children. >> it's not the children. >> ran if you don't want to do the work and look at individual names and go with this. >> have to leave it. >> all right. and david asman next, h-. can college graduates need loir interest rates but they need jobs. i am david asbin with the white house

. >> vanguard emerging markets, ben will agree that emerging markets are the place to be for forever.b index funds are the way to do this, not individual stocks. >> ben, what do you think about that. >> a damn good play and for me i like the spdr's, you have to hold them for all eternity and you can't sell them when you die and you have to pass them on to your children and children's children. >> neil: wif

self-described conservatives like jeb bush and others are in the vanguard of, you know, promoting online education in ways that will, in my view, my dinosaur-like view, undermine what is after all at the heart of the educational relationship, which is the face-to-face connection between teachers and students. it seems to me that people who call themselves conservatives, in fact, are quite willing. gingrich is another good example. he likes to present himself on the cutting edge of technology change and everything that he is proposing is dictated by the inevitability that is shaping in his fantastic way. historians have an opportunity to challenge. historians and precisely that the way you both have done with respect to the narratives of laboring men of previous generations. we do tell stories and we love complexity. complexity is the historian's truth. every time a historian comes to a conference, he gets to be the one who says, i like the models very much, but. >> are journalists addicted to simplicity, is that the implication? >> they shouldn't be. it should be keep digging and getting

. >> i don't like it, a bear on vanguard. >> brenda: gary k your prediction. >> housing stocks amazinglyre very strong, lennar 25% in the next six months and sales are start to go grow for the whole group. >> brenda: all right. toby. >> big move, great call six months ago. now, look all of the people are worried about apple. tell you a couple of things, number one, there are big, big issues coming out with new 5 and going to do well. on the pull boyton beachiacks a you're missed the apple train. >> brenda: you've made a lot on apple. >> thank you very much. >> and not a thousand bucks in a year now. >> brenda: john, a bull or bear on apple. >> i'm very bullish on apple. >> brenda: and gary k you own it. >> i own it so i hope they're all right. >> brenda: and not a rotten apple in the bunch, coming up, cavuto on business, neil. you go ahead and take it away. >> is big labor about to see a big surge? i'm happy to have you, i'm

despite such appalling conditions, the union vanguard, the first missouri cavalry union, and the confederate rear guard, the first missouri cavalry confederate -- talk about a brothers war, kept up a running fight. actually, it was more of a walking fight and squirmishes flared basically every other day. in the middle of all this, the civil war came to arkansas. it was february 16th, 1862. when price crossed the state line into benton county. he and his cold, weary troops continued on to cross hollows, 20 miles farther south, roughly between rodgers and springdale today. and there they joined forces with the confederate army of arkansas. the commander of that army was brigadier general benjamin mcculluck of texas. measles prevented him from gaining immortality. when he was unable to join his friend and neighbor, davey crockett at the alamo in 1936. mcculluck missed little else during his remarkable life. he fought against santa ana. he mined for gold in california. he commanded a troop of texas frontiers, rangers on the frontier against apaches. he served in the congresses of the republic of

. >> reporter: mutual fund giant vanguard has a different take on investor sentiment. it says it's not that stocks are so scary to customers, it's that transaction costs for actively managed stock funds are pricier. as a result, some investors prefer lower cost e.t.f.s and index funds, particularly after the stock market's so-called lost decade of zero returns. >> investors are really thinking about costs, and cost is their number one factor when selecting a fund today, which was very different in the last two decades. >> reporter: some believe it will take years before small investors feel more comfortable with the stock market. not only does the u.s. economy need to improve greatly, but europe and its financial troubles need to be out of the headlines. suzanne pratt, "nightly business report," new york. >> tom: coca-cola shares hit a 13-year high today, closing at almost $75 a share as the soft drink giant announced plans for a two-for-one stock split. if approved, it would be coke's 11th split since becoming a publicly traded company. so, accounting for stock splits

minimum wage that will bring labor out into the street and keep the main stream keep it as the kind of vanguard movement of the mainstream whether it can do that or not i don't know we'll have to see what role do you see for u.s. banks and u.s. corporations how else if not through them can the economy get overcovered well the not only are we not in a recovery i mean the the banks are playing some very dirty game the fact that we've not regulated the banks the fact that we've bailed out firms like goldman sachs and are in essence lending them free money what's the big zero one percent interest or something means they're all back to the speculative games and that's what they are games they don't produce anything they bet against things i mean one of the reasons the price of petrol is rising is because they're buying up futures and hoarding them which is what they do with commodity prices you know basic staples of food rice and everything else and we are headed for another implosion and some of our most respected financial reporters gretchen morgenson and others at the new york times are smoking a

where regular season winners tractor looking to draw level in their seventy final series against the vanguard total now really lost the last two games to trail two one in this best of seven contests but the tie is everything but decided especially since trying to love close encounters with out and gone during the regular season game for faceoff in just over an hour's time and two other prevails in that serious will face red hots dinallo moscow in look at our income finals comparable to the rome this facet petersburg six one on choose day to complete the surprise series one the nice nice idea of a cracker to get past the home crowd on their feet at the luzhniki stadium just five minutes in now might double belly even midway through the opening period after me and he said he converted in the powerplay. just five minutes later then you come out of stunned hapless scarred goalie yacoob stepanek yet again for a shoot and the goal. tended to score a goal after that but the substitution didn't help cause him to go off on them again and this in forty three minutes of each other. before nice and i can

if vanguard wants to buy 500,000 shares, what are the odds -- pretty small. you need professional traders to low lower the costs. >> when people fear instability in the global capital markets, the markets fell what 21% in one day in 1987 and we haven't had anything like that since, but there's this perception that they're more unstable. are they more unstable or volatile? are there other means other than transaction taxes that can be redone, the short uptick rule, not permitting as much leverage? are there other means to making the markets more stable? >> i think government engineered stability, they are more stable now than ever in terms of the volatility. we have a unique environment now with a macro economic factors are driving volatility. there's been some study where is the open to close volatility is pretty stable, but then you get closed to the next open, where nobody's trading, so clearly, that's not trading volatility. that's just a macro environment. what we should be doing and what we are doing is putting in circuit breakers. the one risk of automa

only that california public universities are considered the best in the nation so if you target the vanguard schools and succeed in taking them down and privatized them the way that they did hospitals during reagan's years the rest of the nation's public education system fall like dominoes. here's how the frame is rushed out taxpayer dollars are being used to fund public universities where liberals are ignoring american history to raise a new generation of american hating liberal this is basically what follows in this frame is the call to action which is simple cut public funding to public universities as they die it opens a hole in the business ecosystem for profit name colleges to step in and make even more money off america's young people their article on alter net sarah robinson goes on to explain how this brain is created and then passed on through all the right wing media outlets until politicians spring into action and start passing legislation based on the free santorum is frame of the public universities in california not offering american history classes came from a grossly partisa

was born by its middle class china's middle class is being integrated into the state it is not the vanguard of democracy in the middle east there hasn't been a reformation probably won't be a reformation that means that mosque and state are deeply intertwined and it's those kinds of deep cultural and historical factors that lead me to believe that the twenty first century will be a century of most of told with their energies not everyone converging towards the western way. no these the left will let this happen because the rest they for example. we see what's happening with the rise of the power of china and now the u.s. is responding to that by their military strategy we see more bases kind of opening up surrounding china so even the less well that does happen i think it's important that the west understand it's happening because if the view remains that the chinese the turks the indians the brazilians the russians are all going to dock at our harbor that is to say play the western game i think we will end up in a very difficult and competitive world if the west realizes that it needs to c

menard legacy, of course, was that he was at the very vanguard of a group of african-americans who came into congress, bus his experience in being excluded from the seat also intimates what would occur to african-american congressmen at the end of the century after formal reconstruction ended in the south in 1877. and what occurred was a process that we're familiar with that took place over several decades in which legal and extra legal methods of disenfranchisement and a system of customs and laws, collectively known as jim crow, systematically and ruthlessly excluded african-americans from democratic government. but like menard's modest but noteworthy part in all of this, the work of 19th century pioneer representatives and senators, african-americans laid the chances at better chances of participation that await the social and political movements in the 20th century. with that, thank you and i'll turn it back to don. [ applause ] >>> thank you, matt and phil. we have time for just a few questions. if you have a question, please direct it to one of our speakers. yes? are there questio

level terms with god the bloom whites lost one nil in front of home fans last time out to give our vanguard a two one series late and tonight is the last game in the russian capital before the contest which is in siberia another packed times is expected at least miki but i haven't god will see this is a golden opportunity victory to put the visit is just one win away from being frank champions the normal welcome back defending nobody believes injury but will be without would like to be shut. down football despite chelsea's one nowhere noble past alona blues boss the bird it imitate isn't getting carried away and didier drogba goal separated the sides in the first leg of the champions league semifinal at stamford bridge last night but the chelsea coach believes either side can still make the final. no i don't think. it's a fifty fifty for both teams because. you know you know what to expect when you play. to be very very difficult. we still have the belief that we might be able to score goals. to be a tough game it's use a tough game for any of your position. to barcelona. which we had lots

playoffs where regular season winners tractor are looking to level their semifinal series against our vanguard narrowly lost the last two games to trial two one in this best of seven contest but struck top one but i think ounces during the regular season and the score is on the skids currently one nil to the highest court there is on target i'm god and whoever prevails in this series will face a red hot sit in on my moscow in the garden cup finals the capital plots the roller stars of petersburg six one on tuesday to beat a surprise series whitewash denise mussel you offered a cracker after just five minutes to set in the past the home crowd alight ability stadium. double their lead midway through the opening period after he and lisa converted from play one just five minutes later there were a lot of stunned half the star goalie half of step in there yet again for a short handed goal. tended to discard all after that but the substitution didn't help of the golf and then again and used in schools in three minutes of each other for a nice incompleted a hat trick to get the hosts and six in the l

know terry is going to be known for when the history of san jose is written helping being on the vanguardf bringing democracy to city of san jose elections. i think we all owe a debt of gratitude to terry for that. the city council officially recognized and honored his contributions on tuesday. (terry christensen) my biggest legacy is the students i've encouraged to be part of local politics. the people who have served and elected office who are active with non-profit organizations who are active with just their neighborhood group.. with an environmental group or whatever. there are generations of students who are engaged in politics in their community. christensen may be leaving the university but he's not leaving his beloved city. (terry christensen) i don't think i'm saying goodbye at all because this network of alumni is still going to be there. i'm still going to be involved with them and communiversity, community projects. i live six blocks away so i'll still be around but i wont be teaching." christensen is a familiar face on update news ... making countless appearances on our news

our society raises women, then women know that they can be in the spotlight, and they can be the vanguard, and they can be out there in front of everybody else. but it's going to take changing the way that we educate our women not to be victims. >> hinojosa: i still find it fascinating, though, because again, this was the 1950s, 1960s, 1970s. and for you, you were the head negotiator, representing the union, the workers, negotiating with these farm owners, powerful men. and there you were negotiating. and you're known as a very tough negotiator. so where did you get that, again, aa woman born in new mexico, from not a wealthy family? you know, to be able to sit at that negotiating table and to make demands-- where did you find that kind of power to do that? >> well, basically because you knew that you were representing the workers, and that whatever you decided at that negotiating table was going to affect my committee, you know? they're the ones that gave me the proposals. i sort of represented them. but knowing that whatever we decided to on wages was going to be tir take-home pay, what

the vanguard in which i can find. rain has moved east. but our system is not done yet.hat is another 2.5 episodes of rain today. raining yesterday has moved off to the east. giving way to some sun today but cooler. there will be showers and to believe sun reshows. storm prediction center out of norman, oklahoma. those are the big boys. they have painted us for a slight risk of thunderstorms today. there goes our rain. i'm pushing it out of the area. left behind some fog. 40s to a lot of 50s. i would to re. there goes or system. now the -- that will carry us intofully. rainfall amounts nothing to. tomorrow starts to lighten as we highway in overan inch for many locations. some sun breaks today but then things will bubble up. should if a wrinkles. rain should end by friday afternoon he says. claudine and dave. >>> 5:10. military fighter jets scramble to deflect a -- at a military base in -- >> this morning could be the last morning for charles manson. >> westbound 24 looks good getting up to the tunnel. so, ah, your seat good? got the mirrors all adjusted? you can see eve

. >> he is in the vanguard of a new data industry. developing the analytical tools for business big and small. >> people are looking at the data saying i know it is interesting to collect the twitter data and to understand what my customers are doing on facebook. what is the question i am trying to ask. and what is the answer i want? >> for the first stime they have their own -- for the first time they have their own convention. his job is to stay in front of the trend. >> a lot of people crystallized. there were other people who would date a scientist and this is a profession. now it is a highly in demand title. >> big retailers collected volumes of data about their customers, but they struggled to make sense of it. it was too much and it was too unstructure eds. then came the perfect storm. internet companies like google that eat planets of data for brea sharingd now they are share technology. >> there are the flu trends that i am showing on the screen. they found out that aspects of searching certain medicines and symptoms is a gre

depiction of substance abuse mental illness and dvd and comic book entertainment and guess what happened vanguardmentary newsmagazine biographical program with their wonderful documentaries "sex, lies and cigarettes." let's watch a piece of that right now. >> i wanted to hear how companies like philip morris really talk about selling cigarettes when they're behind closed doors. >> there are a lot of smoker here's, and there isn't that much regulation. >> no, this is a perfect setting. >> the market here, one of the few growing markets in the world. >> do you smoke? >> i used to, a long time ago. everybody ought to quit smoking. i will be the first to tell you. but if you're going to smoke you might as well smoke the best. >> award winning legendary kristof joins us. >> thanks. >> did you give a speech last night. >> i did. >> did you thank your mom and your agent. >> i thanked my agent. my mom i'll thank her right now. >> there you go, talk to me about the movie. why is philip morris going to nations like indonesia. >> basically people are not smoking as many cigarettes in the united states and e

fidelity, blackrock, vanguard, state street t. rowe price among others.ng one of the best days since december. >> that's right. apple's providing strength to the overall apple ecosystem. take a look at some of these chip suppliers. we have broadcom and qualcomm moving higher today. avago has many times dubbed as apple's number one friend with benefits. it's amplifiers are said to be in the iphone. that stock sharply higher today. and switch over to nuance communications posting gains speculated to be the maker of the popular siri, which is an attractive feature of the iphone 4s. lastly, look at zag. doesn't make parts used inside the iphone. basically a popular maker of the accessories like cases, screen protectors. that stock also coasting on the good news from apple. >> seema, thank you very much. action here at the nyse ahead of mr. bernanke. bob pisani joins us. you're watching the real estate investment trusts at this point because you said there's been a change in leadership. and they're it. >> it is. they're the new leadership group. the fed's had