liz: john merrill likes the vanguard reit that is of course an index. something like that, you say, well, so do you. is this also because it's a good dividend play? >> yeah. i completely agree with that call. that is actually one of the etfs i'm looking at right now. i like reit broadly. two particular flavors investors focus on looking for lower risk. you will never get as low risk as bond. anything in equity investment i have to admit there is more risk that cops in it. go to the two segments in the reit space are triple net lease reits where they are companies that own a bunch of strip malls but they don't have to pay insurance and up keep and maintenance on them, don't have to pay taxes. basically they're taking all money from tenants. i like triple net lease reits but i like health care related reits go for medical office parks or senior housing facilities. these are good investments. if you like picking individuals you can, but vanguard reit your other guest mentioned is unwith i like. you get diversification in the reit space. provides good yield

point, i'm a customer of vanguard. gerri: who isn't? >> i think this guy is very, very smart. i do have a little pause when you have someone going on capitol hill, saying we need to change public policy to direct millions of new customers into something they benefit from, and they will profit from. gerri: good point. >> there's a question when it comes to conflict of interest there. i'm not accusing him of that. but something to be wary of. gerri: last word to you, philip? >> i took bogle's suggestions, never mind the self-interest point of view, if you look at the 529 funds, you have a broad chiefs of staff sensibly managed low cost funds, not as low cost index funds, but all you're trying to do here in my view is get people to not put all of their retirement money on the alibaba ipo or dot com. if you give a large choice of investments. in index, nonindex but managed correctly or sensibly, that to me is a sensible middle ground where you're not -- gerri: it's a big debate, how much do you want uncle sam in investment

we talked to jack vogel at vanguard earlier about the no gross legacy for the mutual fund industry. >> it's a big loss to the mutual fund industry. he has been a pioneer. he is in many respects changed the world of bond investing and there is more focus on it. is surely one of the great men of the business. if he's out of the mutual fund business, we are all impoverished the best. -- impoverished a bit. >> he will be in the mutual fund business of at janus managing a fund that was started in late -- in late may but who will be his successor? speculation and people inside the firm have indicated that perhaps daniel iversen who has been there for years might indeed be his successor. said there would be an announcement of his successor in the coming hours. we are waiting for confirmation that it's ivascyn or perhaps someone else. as a look at the personnel changes and potential changes, we have to think about the effect on the markets. there has been a ripple effect on people have been looking at the total return fund and what is it invested in? will there be more redemptions because of

>> 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

vanguard's mid-capettes. neil? >> ben what do you got? >> american telegraph, solid company.s excellent dividends. >> meanwhile, a run-up in the market again, charles, you buying it xrrnlg. >> yeah. didn't like the way it closed friday. it's good. >> we shall see. stick with fox. >>> a vortex on americans to pay for our war on isis. one democratic lawmaker preparing a bill to do exactly that. but some here say a war tax would amount to a declaration of war on our still struggling economy. are they right? >>> hi, everybody. welcome to "forbes on fox." let's go in focus with steeves forbes, elizabeth macdonald, rig younger and steve, what do you think about the war tax? >> once a restaurant, a slogan, too much is everybody inner enough. political piggies in washington always finding an excuse to put more taxes on the american team. defense spending a proportion of our economy not out of line given our number since

regular people who do regular stuff, the folks who i think in many ways are the vanguard. in that is about telling a story. but it's also about being active in communities, community life and responding to the needs of people. so i feel like it's not about this high-profile figures but about a kind of ito's of sensibility that muslims carry with in their everyday lives that i think is most impact will. [applause] >> anybody else? >> you know, your point ambiance is a very good one. in the sense of getting back to the issue of storytelling , you know, despite the fact is someone happens to be prominent, story is that telling? telling the same old story of stardom. it is really about the kinds of stories that people in prominent spot reflect. >> and i think that that is why we have to be careful. anyone profile will get the job done. maybe prominent people. one of the things that prominent people to bring along with them is an added multiplier effect to the number of people will listen to them simply because they are prominent. it depends on what kind of story top. i remembe

a lot of people selling are going to end up at vanguard.l say for every seller of a given bond, there's probably an offset in that the money found a home in another fund that wants to buy it. >> coming up, alibaba options start trading today and money to be made. pete najarian takes you to trade school next. and grant hill made a hefty bid for the clippers and while that one didn't work out, he says he still wants to own an nba team some day. we'll find out where he's looking when he joins us live. that's straight ahead. whenwork with equity experts who work with regional experts who work with portfolio management experts that's when expertise happens. mfs. because there is no expertise without collaboration. or a helping paw!ater, everyone needs a helping hand, so mattress discounters good deed dogs is raising money to help train assistance dogs for wounded veterans. veteran: i live independently because of what all it provides for me. and it's huge! there's a lot of wounded, ill, and injured out there just like myself, who just maybe need

>> yes, they are the vanguard of a much, much larger invasion which will lead to the demise of our nationobal economic power. >> children? >> yes. but they are not coming here to kill. >> they're coming here to color. >> sure, if they want to finger paint, sure, but they can also do that in their homeland. >> that's right, they're after american finger paint, so he's organizing a new border offensive starting next may he's calling operation normandy. >> what we're going to do is man every porous area along the border from san diego, california to, brownsville, texas. >> if this is operation normandy and the children are invading us, wouldn't that make us the nazis? >> the reason i named it operation normandy was to show how large this event will be. >> i just think there are so many good wars out there that you could have made an announcement. why not the alamo? it's right there. literally. >> but amazingly, amelia maradonovich actually welcomed these invaders. >> what we're trying to do is offer protection to these children who are fleeing. honduras is the number-one murder capital of th

christopher swift, professor of security studies at george town university and author of "the fighting vanguard - local insurge sis in the global jihad', joshua landers, director of the studies at oklahoma, and lawrence core, senior fellow at the center for american congress. if we polled all the people we saw at the table and asked what they saw after it was over, more would have a multual contradictory version of an i.s.i.l. in the middle east, but agree they want it gone. is that enough. >> it's enough in the short term, here is why. every member of the anti-i.s.i.l. commission has different agenda, restraints and abilities. they face a common threat. they recognise it as real, incredible, and to the extent that the united states plays a role as mediator, aggregator or a coach. they share a common interest in confronting the adversary and taking it off the table. >> is there a track record, enough of one, to make us believe that many of these countries can set aside their own differences to working on the common challenge? >> well, iraq seems to be doable. the problem is in syria. very few p

let's bring in john vogel the founder of vanguard. on what is big news in the world of fixed income. what's your first reaction to this? >> well, i don't shock easily, but what is surely shocked when i heard that soon as i got in the office about 8:30 this morning. i think it's too bad. it's too bad for pimco. i'm not sure how great an opportunity it is for van yus. janus. it's easier for bill to run the small amounts of money than the billions he ran out of pimco. he is a true giant in the industry. he is a true legend. he earned all that. there aren't so many people in my field that measure up to that test. bill would be right at the top of that list. you can see all the politics that came into being involved in the management of pimco. i can see the s.e.c. challenging and pricing of some of his bonds. all those little knits drove him up the wall and he said, who needs this? i can't read his mind, but if he wasn't thinking that way, i would be a little surprised. >> what is your sense what will happen with investors who are obviousl

he's the chief economist at vanguard, the giant mutual fund firm. nice to have you with us on this holiday show. >> nice to be here. >> what are you expecting this friday when we get the labor department reporting the latest -- the employment report? are businesses hiring and are they hiring pore than we've seen over the past couple of months? >> well, i actually think so. i think we'll see continued strength. we have seen that for several months now. in fact, particularly relative to the past year. the u.s. labor market is tightening, though it is far from tight. the momentum that we see not only in the pace of job creation, but also the breadth of jobs. more industries are adding jobs than in the past. that sums up to the fact that we will see modest but strengthened, strong momentum in the labor market. >> the number that everybody focuses on is the unemployment rate. right now it's 6.2%. if the momentum continues, as you're saying, where do you expect that number to be by the end of the year? >> i think the main expectation is around 6%, if you

its goal to to become the new vanguard of the global extremist movement and establish and extremist islamic caliphate across the middle east. it considers itself the rifle in her tore of osama bin laden's legacy. while it poses an immediate threat to american citizens in iraq and the middle east, we know thousands of fortune fighters, including more than 100 americans and a thousand europeans have traveled to syria. these fighters can exploit safe haven to plan, coordinate and carry out attacks against the united states and europe. although the intelligence community has not yet detected specific plotting against the u.s. homeland, isil has global aspirations, clearly has global aspirations. they have so stated. as president obama has made clear, isil's leaders have threatened america and our allies. if left unchecked, isil will directly threaten our homeland and our allies. in his address to the nation, president obama announced that the united states will lead a broad multi-national coalition to roll back isil's threat and defeat isil. more than 40 already expressed their willingness to p

the founder of the be vanguard group. how taken aback are you? taken aback and i want to make my position clear. [laughter] to the mutualss fund industry. he has been a pioneer, and has in many respect changed the world of on the investing. he is surely one of the great men of the is this -- of the business. >> does it make sense to you that he would want to make this move? >> i am not such a good mind reader. been ality is there has lot of sniping going on out there. his leadership has been challenged. the sec investigation, and it is only an investigation, we do not know the circumstances, all probably take their toll on a man who may in spite of his fame and fortune he easily hurt. we can all be easily hurt. and maybe he woke up one morning and said i do not need any more of this. i cannot read his mind, but that is a possible scenario. in this he industries loss, he is a giant. -- it is the industries loss. he is a giant. can you imagine now they feel now that he has bailed out? >> now i cannot. he was a very strong leader. too strong.ed some

where do you stand on this. >> founder of vanguard. a brilliant man. on this. they are working exactly as they were designed. to create larger pools of capital in which others may borrow and drive this economy. he gets completely involved in reconstructing social security. stuart: i remember, not too long ago, you were banging away about having enough money to retire on. >> we are talking about 25% of the population that have funds or retirement. i want to define this. only one quarter. only one quarter of them. >> that is it. nothing that will help those people. addressing all of the issues. those people do not need help. they do not need readjustment. the reality is, it is creating a larger support base for our retirees. it is too late for this government. the fact is we are headed towards $15 a day. you can call them what ever you want. the steam does not work. we have to come up with a new approach. it is making certain that you are managing your own life and doing so responsibly. if you cannot do that, what will the government do. i do not know. >

you can imagine the big investors like fidelity and vanguard. him if you raise the price higher we are going to buy less. if you lower the price we will buy just as much. these are the kinds of conversations that they are very much actively involved in. >> we will knows an enough. we are expecting a price later this week. ferociously. yahoo! is facing a fine of $250,000 per day if it did not turn over user data to the u.s. government. was thed of information government after? that is up next. ♪ >> welcome back to "bloomberg west." she is named kristen baldwin as the new editor-in-chief of the yahoo! tv. has named new york restaurant owner carry diamond as editor-in-chief of yahoo! food. yahoos content business is going. nook court filings show yahoo! phot the u.s. government over nsa surveillance requests in 2007 and 2008. the company waged a 10 month battle against the nsa's prison program. yahoo!ernment threatened with a fine up to $250,000 per day if the company did not turn over user data. yahoo! ultimately turned over the data and was not f

allegations from a state department official and hillary clinton and her allies at the center of a massive vanguard of cover-up. one of the top deputies revealing incriminating documents. former army vice chief of staff jack keane and army forces member randy forbes are among our guests here tonight and you don't want to miss that. also, another nfl star arrested for confronting a family member violently. this time it is a small child. a domestic violence conviction from the lead and we will be taking this up with andrew napolitano here tonight. and we begin this evening in washington where obama spent the afternoon ordering american heroes and this is secretary of state looks to drum up support for the president. ed henry has work. >> president obama today held a medal ceremony for american veterans of the vietnam war. >> those who wear the country's uniform, secretary of state john kerry was in paris trying to nst isis and t war ling to get itments from as on airs tied rgetingterrorisnside syria anen david cameron expressed his only contribution so far has been surveillance aircraft. though the d

only 150,000 houthi a small fraction of the country's 9.5 million shia muslims but very are a vanguard of shia discontent and by far the most active. >> the houthi movement politically as a political movement i think they can 83th the change that they need -- this can he create the change they need. not part of the government in yemen. >> no choice but to take up arms defense government. the movement controls this area south of saudi arabia including sadaa province. members of the houthi tribe descended on the capital this summer. the group's young leader gave an ultimatum to the president to resign or face the consequences. the time has come for the third stage of the popular escalation which falls into the framework of civil disobedience. >> reporter: yemen's government says the houthi are supported by the dominant power iran, but the group denies this. saudi arabia uses this as a bullwark against al qaeda in the arabian peninsula. despite its relatively small size, the houthi stand at the precipice of major political gains but its struggle may marginalize other groups in yemen. ali

that international flavor and that it's not just the phenomenon of the northeast and that it is the vanguard. in comparison to i.s.i.s. of a broader -- >> and we need to say this is important to americans and to the world because nigeria is the seventh most populace country in the world, largest economy in africa. >> largest economy in africa. >> in they take over or disrupt the country it could have disruptive consequences.about. >> that speaks to sometimes it is a cliche the shrinking world. there are national or international implications. the problem in that far northeast of nigeria. but the spill over effect is profound for nigeria itself as well as the other countries. >> we have to talk about the story of the kidnapped girls. because that has completely fallen off the world's radar. one nigerian, said the terrorists have scared away all the aid workers from that part of nigeria. it really seems to show the limitations of this hashtag activism bring back the girls that everyone seemed to have cared so much about and the outrage. where has the outrage gone? >> indeed there is an impact

regular people who do regular stuff are the folk that is, in many ways, are sort of a vanguard of that that's both about telling a story, so to speak, but it's also about being agtictive in communities and community life and responding to people. i think it's about the kind of ethos of sensibility that muslims carry within their everyday lives that is most practical. >> if i could add to that, your point on beyonce is a very good one. in the sense of that, getting back to the issue of story telling, just by the fact that someone happens 20 be prominent wharks tells that story? it's really about the kinds of stories that people reflect. >> one of the any knowledges that prominent people do bring along with them is the multip plier effect. i think it depends on what kind of story you can tell. when muhammad ali stood on television and said if they want to put me before the firing squad tomorrow, i'm ready to e die. that's what he said. this man's father said to him, he said, you know, i don't know a lot about what this young man is talking about, but you get very few opportunities to sta

right now it is out there as the vanguard. like never in modern history, and it's cutting a whole lot of traction, unfortunately, in that regard. >> do you think these men could be drawn away from the flight if the leaders of these countries could develop a real economy, a real education with the promise of a job, family. >> that's part of the long-term narrative. i know again from experience it is difficult but not hard from the spectrum. >> thank you for joining us. robert, good to see you. thank you. >>> in libya a military jet crashed half a mile away from the parliament's temporary offices. three people were killed when the jet went down and libya's lawmakers relocated there to escape fighting. and it went down shortly after parliament meant with a british envoy. they "n" german they will continue up the fight. a court in frankfurt ruled that uber does not have the correct legal permits. uber said it is looking over. >>> in nicaragua, cave ins made the ask you effort too dangerous. a cold and silver mine collapsed and fou

al qaeda is consistent of showing itself and leader of the vanguard of the international jihad, which means foementing -- fomenting resolutions, and going after the united states. many that i spoke to say "look, we go after you, the united states, because if it wasn't for the united states those illegitimate governments would not be in place." this is an affirmation... >> is is hell bent on holding a caliphate. they are killing muslims. al qaeda feels that is has gone too far. >> yes. i mean, a different direction of extremism. from the mid 2000s, there's ample record where al qaeda says we have to be careful. still it is afghanistan, pakistan. over 4,000 pakistani muslims died in various forms of violence. >> what you mention though, again, this is where is is about hit, control and hold on to. al qaeda was never part it of. >> all the hitting and nothing else. >> a quick final question. could it be that al qaeda is on the ropes? >> no doubt it's on the ropes as far as publicity. its place on the mannedle as a leader -- mantle as the international leader of the jihad - its narrative,

streets of new york, marching with demonstrators sunday, the mayor stakes new york city's claim at the vanguardf urban climate action unveiling plans to slash greenhouse gas emissions in the big apple. nearly three-quarters of the outbudget is to come from heating and cooling buildings. de blasio's plan calls for retrofitting buildings and getting private landlords to go greener through a mix of incentives and legal mandates. the up front price tag is estimated at $1 billion, but the plan claims the city's economy will benefit through new construction jobs and energy-related cost savings of $1.4 billion a year. new york has already suffered a heavy toll from rising sea levels. in 2012, hurricane sandy caused 44 deaths and $19 billion worth of damage. de blasio also claims the plan will lower utility plans for lower-income new yorkers who tend to live in older buildings. an argument that is likely to be a cloud pleaser. patricia sabga, al jazeera, new york. >>> a new book argues that capitalism, not carbon is to blame for the climate crisis. in "this changes everything," naomi cline argues that

these aren't religious experts or vanguards of the faith. the vast majority of muslim s including the organization of the islamic conference, the grand mufdi of turkey, organizations in the united states have all condemned isis as being public enemy number one for muslims. the most people they killed are fellow muslims. it's important for us to sort of push back on this narrative that it's not cool to join these jihadi groups. not only criminal but against all civilized religious teaching this is the world. >> thank you so much. amen to that. thank you for joining us. i couldn't be prouder to sit here and listen to your explanations. up next, a tribute to a pioneer for women in comedy, joan rivers. try to remember her in the early days. she was really something back with carson and as carson's rival. this is "hardball," the place for politics. >>> here's a taste of the first senate debate in north carolina last night between kay haguen and republican challenger thom tillis. >> that's reality and math and something kay has to accept. kay's an

we have investment legend jack bogle of vanguard funds with us. is he concerned about the runup in the face of the turmoil? we'll ask him that among other things. >>> and google is taking a quantam leap into artificial intelligence. why they are at the forefront of making machine that is will one day think and feel for themselves. >> i think it is fascinating. they are not telling us where they are going with this, but i can't wait to see when they get there. >> the singularity is near, bill. >>> but none other than ending badly for the human race, we'll find out what google is up to and hear both sides of the hot a.i. debate. >> i'm surprised he's skeptical. if anybody knows something about artificial intelligence -- >> i think he's scared. that's the thing, he's not skeptical. >>> here's how we stand after the beige book came out, the dow is virtually unchanged right now down just two points after opening higher after the cease-fire between russia and ukraine. we'll talk about that. what's getting hit today is the nasdaq. and to blame apple for

establish al islam, the people to whom allah saw fit to give his religion and make yet again the vanguardshe protectors and the guardians to literally make america safe for al islam were the children of enslaved africans, black africans. i don't know how many of us really discuss this, how much of this is really scene. there was a miraculous event that happened where people had been striving to learn islam and know al islam for so long. and when he became the leader of the nation of islam, i think it was significant that i was in dearborn today and this is the largest community of muslims in america, primarily arab and south asian muslims. and why are they safe to establish al islam here? when we talk about what americans think of al islam, we're not talking about african americans. african americans love and respect islam. even if not all of them want to be a muslim. when you're in the black community and say you're a muslim, if you really live that, you're respected, treated with respect, you're given deference. and dr. zaid tweeted one time, she said i'm in the one place in america wher

its goal is to become the new vanguard of the global extremist movement and establish an extremist islamichate across the middle east. it considers itself the rightful inheritor of osama bin laden's legacy. while isil clearly poses an immediate threat, we also know that thousands of foreign fighters, including europeans and more than 100 americans have traveled to syria. with passports that give them relative freedom of movement, these fighters is exploit isil's safe haven to plan, coordinate, and carry out attacks against the united states and europe. although the intelligence community has not yet detected specific plotting against the u.s. homeland, isil has global aspirations and as president obama has made clear, isil's leaders have threatened america and our allies if left unchecked, isil will directly threaten our homeland and allies. in his address to the nation last week, president obama announced that the united states will lead a broad multinational coalition to roll back the isil threat. more than 40 nations have already expressed their willingness to participate in this effort

supplements some of the subadvisory relationships we've had over the years with john hancock and vanguard. so it's available to the retail clients. >> rich, appreciate your time very much. i know you don't do it often. great to hear from you. >> all right. thanks. glad to be on the show. >> okay. rich pzena. you like these calls as well? >> i really hope he's right on the bank of america. citigroup call that would be helpful to me personally. i worry about this concept where trading revenue will normalize. we may never see things go back to normal what might have been last decade because a lot of the costs taken out of the industry. that might be a tough part of the call, volumes coming back. >> i like it more than what we're seeing with the other funds coming out which have what i think are subpar managers, because the great managers won't go in because of liquidity and transparency. one thing i've looked at. really interesting >>> struck out on kevin durant. under armour's next signing, not so bad. >>> and the running of 9 bulges continues here on "half time." raising a tesla price targ

widely held in dividend portfolios and vanguard and now a value stock and in 20% of the value stocks we at s&p capital iq cover. you may not realize you have exposure to apple in the growth, the value, the dividend and even various other strategies, as well. >> how important, ivan, is this event for tim cook himself? i mean, it is four years since we have seen any new innovative products from apple and there's been some worry about whether the company can still innovate the way it did under steve jobs and the stock turned negative right now. >> this is very important. 2013 was a very bad year for the stock. 2014 is a great year. so if he had a back to back bad year, that would have been very bad. they have to do -- continue to show they can innovate with new products so if they release a new type of wearable like an iwatch, this will be the first new product category to oversee the launch of. >> do you have confidence in mr. cook and guiding the company? >> overall, yes. i would like to see him do more with the cash. the company does not need the excess cash balance he has. they did

. >> we want to say that the black psychiatrists stands on the vanguard of the immediate and the long-term healing. there are damages that are going to be well into centuries after this ferguson experience, and let us not forget, as one of the council people said, we have to be in this for the long haul. the black psychiatrists believe that police should be screened before they're ever hired. they have to have screening that also includes cultural sensitivity and cultural diversity, not just a little jive psychological test, but we have to also make sure that we put the kind of men and women behind that badge who will serve us well and serve us in terms of etiquette, in terms of compassion, and in terms of caring for our people. we want to recommend that our relation is not over, because we have posttraumatic and acute traumatic stress as a result of what has happened. these children are going to be damaged for centuries and the next generations. we already just got the data about how trauma affects people into future generations. so we're looking at talking about civil issues related to n

partnered with the ethiopian military invaded and then they became the vanguard with the crusaders.ing gangsters and warlords that were overthrown by an islamic government. in yemen, al qaeda in the arabian peninsula does have aspirations to attack the united states and the way that the administration has approached yemen has exacerbated the problem because the drone strikes have killed a tremendous number of innocent people and they've killed high-ranking al qaeda figures, but if you sort of look at the calculous of this, i think we've made more new enemies in the islamic world than we've gained allies as a result of the drone bombings and the combination of the first them of obama and the entire bush legacy. >> if you apply that thesis in an analysis of what happened thus far, what should the president be doing instead of what he announced last nate in your view. >> if you look at what, like, noted arab an lives are saying about this plot to train anti-isis forces in saudi arabia, it would be hilarious if it wasn't so gruesomely awful. saudi arabia is one of the leading entities d

the goal is to become the new vanguard of the movement and establish an extremist slammic caliphate acrosse east. it considers itself the rightful inheriter of bin laden's legacy. isil clearly poses an immediate threat to american citizens in iraq and our interests in the middle east. we also know that thousands of foreign fighters, including europeans and more than 100 americans have traveled to syria. with passports that give them relative freedom of movement, these fighters can exploit isil's safe haven to plan, coordinate, and carry out attacks against the united states and europe. altogether the intelligence community has not protected specific plotting bens the u.s. homeland, isil has global aspirations and as president obama has made clear, isil's leaders have threatened america and our allies. if left unchecked isil will directly threaten our homeland and allies. it is addressed to the nation last week president obama announced that the united states will lead broad multinational lateral coalition to roll back the isil threat. more than 40 nations have already expressed their willi