they play against private schools like vanguard college prep in waco. that recent up that two vanguard players announced they weren't going to play against a team with no fans. >> no one likes playing in an empty gym. >> isn't that a good thing for you, you don't have the other fans cheering against you? >> i guess, but it feels weird. it didn't seem right. >> reporter: so before their home game against gainsville hudson bradley and ben martinson asked some of the vanguard fans for a favor-- to cheer for gainesville instead. the gainesville players had no idea what was happening. they walked on to the court to find their own signs of support, their own cheerleaders, even their own fan section. half the crowd was assigned to cheer for gainesville. >> as it went on, everybody kind of got so into it. >> reporter: nobody was cheering for you? >> everyone was cheering for them. every time they scored, the gym lit up with cheering and clapping and everyone was on their feet. >> reporter: this is not what i've ever seen sports be. >> i think in a way this is h

. >> vanguard small cap etf. great way to diversify your portfolio. >> dr. stein. >> norfolk southern steel on steel is the way to move goods. >> all right. now go get rich. >> with terror threats on the rise new worries about the u.s. selling military equipment to countries with suspected ties to terror groups. one of these nations qatar getting $11 billion worth of arms last year alone. and as the president pow wow with their leader this week some law headachers sending a letter asking them to reassess those military sales. should we cut off all sales to all countries that have ties to terrorists. i'm david asman welcome to "forbes on fox." steve forbes, mike owe zaz yan, elizabeth mcdonald carrie she have leveled, bill and john tamny. mike, why are we arming folks who help terrorists is this. >> because president obama has been down playing the threat that isis poses to america, going all the way back to the attack on the american cons late in benghazi. that's why he's warming qatar. even though qatar is definitely helping the terrorists in the middle eas

the first one is the vanguard it fund.microsoft, intel, oracle, the second one is the science and technology fund. this is kind of like what we've talked about already. what is it? pick your poison here. and no pun on the word ivy there. i would go with the vanguard fund. strong names we know. taking market share. they're survivors. even ibm could be your outperformer the next couple of years. i like this one. on the tech side, what do you think? >> that's my only issue, it was apples to oranges. the ivy was adrift there. the spider, the xlk would be a pure play. (?) the vanguard, much more than the ivy. >> you're a eviden etf guy? matt: that's the exact same thing. vge. same expense ratio. vanguard's .12% ratio to ivy's 1%. paying a lot more for underperformance. charles: a junkyard dog. wants to know the preferred trading vehicle for crude. i don't do the commodities. i'm looking for a good strong name. you guys have requested my report. i have xom and a few others. real quick on commodities in general. oil. would you be

our game plan looks likes this, on guard, vanguard is the most cautious on stoxx in nearly a decade. hear from their head of investments live. hooking up with hinge, the founder of the fast growing dating start-up is here on tech valuations and how the company plans to reinvent romancep we begin with a big day for stocks and what could be the most important question for investors. has oil bottomed? crude higher today. looking to close above 50 bucks a barrel for the first time in a month leading some to say the worst may be over. jim lebenthal, is that how you see it? you look at a lot of the leaders in the market and they're all from the energy patch. >> short answer is yes, but let me caution you, we're not going back to $100 a barrel any time soon but this is a natural effect when you drilling rigs going down that count going way down, you've got sea born drilling rigs piling up on the gulf coast. you're starting to see a topping out in inventories. frankly, this all leads to a bottoming in the price of oil. but again, that maybe takes us to $60. not going to $100. >> pete, best t

vanguard largely massive, plus 32 for a net gain of 16 billion.00% of the industry's cash flow you must be doing isn't right. it's not a passing fad. it's a a realization we all own the stock market together why pay intermediaries? it helps trade with one another and make a lot of money out of it. >> so jack what should we make of the people that come on the television that are selling products that do select stocks to to say its a stock picker's market, we'll return to a stock picker's mark buy my product? >> a stock picker's mark is one of the most anom allist foolish terms, silly terms, ever invented. think about it this way, if it's a time for stock pickers to win, it's also time to stock pickers to lose because for every winner there has to be a loser in the market. formarket. every purchase is a sale so to me it's a silly statement that seems to get a lot of credibility like many things in our lives and the more it's repeated the more it becomes part of the conventional wisdom but makes no sense at all. doesn't make mathematical sense, logic

if you lack at what his choice instrument was the vanguard total stock market index fun it tracks the multicap spectrum spectrum. here's the big thing. the share class that's a total fee of five basis points. that's 0.05% per year. here's the thing. over ten years assuming certain performance figures the fund, again, this fund charges about $120 worth of fees over ten years. the average mutual fund in this category could be as much as $2,400, $2500. big gap in performance fees. >> huge gap. >>> jeff sandler and another guest is here with us. a stunning example of the differences in the marketplace, is it not? >?ç sure it is. the investment cycle does play a big role in determining whether you go active or passive. i think guidance is very important considering that europe has fallen. you're in a threshold here where returns are likely to scale down to the single digit level. and active management will make a much bigger difference here going forward. it's absolutely crucial. it's important that you stay involved in the equity market over the course of the next year. i think there's ph

iran is seen as the vanguard. it's spreading the shiite faith and ideology and political penetration of the arab-sunni world, where in iraq supporting the shia dominated government, in syria supporting the syrian president bashar al assad, in yemen, supporting the houthi group, so all in all this is really for the rank and file. this is for the social base. what isis is trying to say, we are the vanguard of the sunni community, we are attacking iran iran is supporting the sectarian based regimes in the heart of the sunni arab world. >> the fact that the group was able to carry out yet another attack in libya does that show that its influence is growing that in country? >> again for your own viewers i would cite iraq and syria. isis or the so-called islamic state has only basis in libya so they control two major cities durna and sirte. this is the only base that abu bakr al-baghdadi controls. we have reports that isis inspired groups are blend, local communities, in particular with certain tribes in sirte. you have

and vanguard has really inexpensive fees. matt: wisdom tree hedge etf. hedj.g european and short the euro. you don't have the currency conversion going over. >> i'll go with goldman sachs energy mlp fund. gmlpx. mlps have gotten beat up with a decrease in oil prices. charles: unwinding that mlp. they were the godfather of that space. did that spook you a little bit? does that mean something is wrong as the usefulness? >> that's why i'll argue a good active money manager will go through the weeds and figure if my client should be there or not. charles: uh... >> this is wrong. but really, the two i like and i know this is -- we have two japan funds. the story in japan is so good, people are missing it. it's been a yen trade and they've made some money. japan is changing and changing for the better. charles: one japan and one europe. but i think we had a great discussion on this. coming up, i want to answer some of your questions. i got asked my opinion on a rare warren buffett loser. tweet me cvpayne. a lot of you are telling me gas prices are going through the

reporter: curls and cuts are at the vanguard. also cafes and guesthouses.uch of this is from cuban-americans who sent money here and that is going to increase. the change in rules means that americans are allowed to export goods to businesses here and she been immigrants are allowed to send money. the idea is to strengthen the private sector and make cubans left appended on the state. and attracted journalists and a cheap and ivan american this is man who has established a foothold in havana. -- attracted journalists and a cuban-american businessman who was stabbed a foothold in desk established a foothold in havana. >> i have limitations as to the amount of time that i can stay in the country. it is absurd. >> the relationships with the exile community is complicated. there is a core of anti-castro hostility here. some are keeping their cards close to their chest and there is a buzz of interest. the crude industry is poised for when tourism -- >> we do not have to wait for airports hotels, other infrastructures. we bring our own, quite frankly. >> brian di

mutual fund giant vanguard, cautious on stocks than they've been in a decade. to find out why. party like it's 1999. we talk to the ceo of on-line dating start-up pin about big time tech evaluations and how he's standing out from the pack. >> sounds good, stock. to chicago and rick santelli and the cme. hey, rick. >> hi, carl. anybody watching the santelli exchanges the last couple weeks have probably taken notice that even though my own personal opinion the downside rates the side you're supposed to pay the most attention to, something is changing, something hasn't been quite right since the day before and certainly after that january 22nd ecb meeting. and let's go through some of the simplified version of these technical signals. we know one of the significant days to pay attention to that gives you so many clues to the drop in rates year end was the 15th of october last year. the intraday for low yields, 10s, 1.86, we traded under these two levels in 10s and 30s but never did get under the 1.11. further in time, we look at 15th when really things started to

. >> vanguard small cap etf. great way to diversify your portfolio. >> dr. stein. >> norfolk southern steel on steel is the way to move goods. >> all right. now go get rich. >> with terror threats on the rise new worries about the u.s. selling military equipment to countries with suspected ties to terror groups. one of these nations qatar getting $11 billion worth of arms last year alone. and as the president pow wow with their leader this week some law headachers sending a letter asking them to reassess those military sales. should we cut off all sales to all countries that have ties to terrorists. i'm david asman welcome to "forbes on fox." steve forbes, mike owe zaz yan, elizabeth mcdonald carrie she have leveled, bill and john tamny.

symbolic value because isil would like to tell the sunni arab world, we are your defendant, the vanguard, we are taking revenge against the iranians. >> the fact that they were able to carry out this attack on libyan soil, what does it tell us about the spread of the influence of isil? >> well, we know for a fact that outside of iraq and syria isil now has a home, a refuge in libya, in particular in two major cities, durna and sirte. we know that we have hundred was fighters who are loyal to isil in iraq and syria. we also know and this is very alarming, the most alarming piece of information is that isil has been able to blend itself with some tribes in both cities, and this tells me that isil is basically repeating the same strategy in iraq and syria by blending itself with local communities. that's how it has been able to do as well as it has done in iraq and syria. i hope i am wrong but if isil succeeds in really lodging itself, blending itself with the local communities in libya this would be catastrophic, because we might be witnessing an extension of isil beyond the two cities of

john vogel of vanguard one of the titans in the mutual fund industry was on the call with the administration yesterday, and said i applaud this effort. he said it's not about fraud or corruption by salesmen but there's a culture of salesmanship and financial advice that we have to push back against that. others say it could restrict the range of advice that investors could get. there's going to be a big fight, and the question is can this get implemented before president obama leaves office. >> this is designed to turn people away from necessarily higher fee investments that they might be steered toward by these brokers, but the performance may not be that much better? >> exactly. there's no guarantee, of course on anybody's performance. but the argument from the administration is that these fees develop a long tail over time and end up costing thousands of dollars. they came up with an estimate that's $17 billion is what is cost investors by what what they call conflicted advice. >> john harwood, thanks so much. >> you bet. >>> a new survey is painting a rather sobering picture of americans

elements of the theology and mythology around it to reshape identity and are trying to redefine the vanguards for muslims around the world. this was in part bin laden's doing to create a muslim awakening that would imbue this ideology, this notion that the rest of the world of islam bears a religious obligation to fight and on the grievances are actually to be acted upon. the theological dimension in this transnational context, the 21st century that really is the difference between then and now. >> i would just say this this and it will be our last comment. it is different because the stakes are so much higher in the weapons are so much to more dangerous. but the fact is they're are know nuclear weapons out they're. if one of these groups got one of those weapons there is know question, i would think, in anyone's in anyone's mind that they would use it in and you talk about killing hundreds of thousands people and not just a few. there is always -- you no in every movement from the history of the beginning of mankind there has been a string of violence that is to. but i think at no.are the st

anonymity what in pentagon parlance is the conops or concept of operations, iraqi brigades, to form the vanguard attacking the one to 2,000 i.s.i.l. fighters in mosul. while the peshmerga cuts supply license. the pentagon says it's all very obviously to anyone paying attention. >> we're getting all too fixated on mosul. yes, it's going to have to take terrain and yes, it is focused on mosul. >> senator john mccain has sent off an angry letter to president obama. these disclosures not only risk the success of our mission but could also cost the lives of u.s., iraqi and coalition forces. now senators mccain and graham are demanding to know the name of the u.s. central command official who briefed the reporters saying that he should be held accountable whoever allowed him to brief that information. we contacted the u.s. central command in tampa florida and they had no official reaction to the request david. >> jamie has there been any reaction from i.s.i.l. through its online media outlets to all of this? >> well we're not aware of any direct response but i have to tell you that pentagon officials

they are trying to show you stick with your regimes in your country or you come with us as the vanguardf true islam. the savagery is showing an organization that is in some ways on the run and has much trouble in governing areas that it has taken. >> let's turn to the soldiers who were attacked in southern france while they were guarding a jewish community center. this individual was flagged when he traveled late last month and yet this individual was still able to carry out this attack. how is this possible? >> unfortunately it's another instance where at face value it's self-evident that something fell through the cracks in a bad way. i really think it speaks to the capacity of the french and all the various ways to deal with terrorism and otherwise. i think that's what it speaks to. france and other major powers like have have a threat nature of some kind various criteria. this individual apparently didn't reach that threshold. >> the french interior minister said today the fight against terrorism is a race against time and a new counter terrorism decree would be put in place. what m

islamic state and al qaeda and aqap and arabian peninsula, they want to think of themselves as the vanguard of jihad. >> this is still in the one-upping stages? >> yes. we're seeing also a shift in strategy from instead of trying to plant terror cells around the world, an american policy that they can take down these regimes, what is happening now is they are saying look let's focus on seize the territory because once you have that you need troops and countries are going to have to send in troops to stop them. >> same question to you, how do you contest the geography? >> you know brooke, isis will be defeated. make no doubt about it. it's not as resilient as isis. look you and i and your guests are buying into this particular ideology. particularly when the tide is in their favor. isis can only be defeated from within. can be defeated by local forces by local communities. it has to be denied the social and nocturnal oxygen and in libya, we talk about libya, the reason why isis inspired the groups in libya and other militants, outside of al sharia the one who killed the ambassador in benghaz

so that was an etiological rejection, by the very people they claim to be the vanguard of. that's how you defeat them is by rallying arabs and muslims against them to reject their etiology. you have to defeat them militarily. that's what we're not doing today. >> how much of a backlash has to do with the fact that she works for an administration that refuses to identify the enemy as what we all know it is which is radical islam. so she's coming to this debate already hampered, because the administration refuses to be clear in who the enemy is and then when you hear people trying to downplay it at least that's how it's perceived she's downplaying the battle by saying this is all about getting them jobs, she was sort of set up to fail. >> you're absolutely right. george w. bush so kay similar things, but he was actually meeting the surge to defeat isis. he said we need to bring the hope of freedom, it wasn't seen as a dodge from doing the hard work of it. and he was actually calling it radical islam. barack obama is forcing our military to fight isis with one hand tied behind

and what's worse, folks finding out about how much money you have in vanguard or how much you take of viagra? now get used to that question i'm not being silly. anthem is the latest to be hit. remember last august when u.s. hospital group community health systems reported millions of its patient records were hacked. so you see, this is getting to be a trend and one that leaves the targeted, not just financially exposed, but personally violated. what hacking nut job wouldn't want to shop your deepest, darkest medical secrets to those you prefer not know? you know where this is going, and hadley heath manning says wake up, the way it's going, we are long gone if it happens. the kind of things hackers are getting their hands on now is a treasure trove of threatening data that could just stop workers in their tracks, you know? >> and this is more than a privacy issue neil unfortunately. cyberhacking has become a very sophisticated business there are networks of cybercriminals who want to get their hands on our medical data. neil: and what do they do? how do they make money, essentially ho

board says that the videos put out by isis are intended to show a group that is on the march, the vanguard of history that help win converts. the longer it islamic state appears to be advancing, despite the president's promised to degrade and its story it the wider it'ss appeal becomes. caller: good morning. i have a different outlook on this whole thing. unfortunately, ever since president obama was elected -- they could have done anything they wanted but they did not. i do not know when they put in that ruled where the republicans could not philip elster. and i believe that rule is still in effect. am i right question mark host:? host: what are you referencing? caller: right now the war act or the things that this obama administration wants to do, there is no way the republicans can stop it. they do not have that no-filibuster rule. host: they control the senate now, so the republican leader, the majority leader, has the right of her ignition, the first right of recognition. whatever comes to the floor is his decision. guest: peter is referring to the nuclear option, and that has not bee

so that was an etiological rejection, by the very people they claim to be the vanguard of. that's how you defeat them is by rallying arabs and muslims against them to reject their etiology. you have to defeat them militarily. that's what we're not doing today. >> how much of a backlash has to do with the fact that she works for an administration that refuses to identify the enemy as what we all know it is which is radical islam. so she's coming to this debate already hampered, because the administration refuses to be clear in who the enemy is and then when you hear people trying to downplay it at least that's how it's perceived she's downplaying the battle by saying this is all about getting them jobs, she was sort of set up to fail. >> you're absolutely right. george w. bush so kay similar things, but he was actually meeting the surge to defeat isis. he said we need to bring the hope of freedom, it wasn't seen as a dodge from doing the hard work of it. and he was actually calling it radical islam. barack obama is forcing our military to fight isis with one hand tied behind

are watching this stuff and saying i want to go off and do jihad or at the very at least join the vanguard do you agree -- mike mechanicalmccaulll is the largest -- >> when we talk numbers, this is a difficult game because you're not just looking at the isis -- the people who have signed up to be the rank-and-file soldiers or the clerics, you're looking at fellow travelers and people who pledge allegiance or who operate more as affiliates. >> the sympathizers. >> yes. look at the expansive terrain these guys are lording over. from syria to iraq all the tribal areas, the populations under their sway have given some kind of pledge of allegiance to them. if you take in these numbers, you're looking at probably over 100,000. >> and not shrinking. >> and not shrinking. >> great to have you. >>> coming up for us a major moment in the trial of aaron hernandez. the star's fiancee has now been given immunity to testify. she will testify for the prosecution. but is this necessarily an awful thing for aaron hernandez? you might be surprised. in my world, wall isn't a street. return on investment isn'

some individuals who either come back or despite not going over there, simply see themselves at the vanguard of an extended isis capability and attack within the country without having gone over to fight. >> that is right, tom. the president's message is we are doing the best we can to combat al qaeda and the bigger groups and isis but dealing with the small attacks from one or two people not communicating with the larmer group, it is -- larger group, it is difficult to deal with on a consistent basis. how can we stop those sort of attacks? >> i'm afraid it is almost impossible to do it. the smaller the group, and it could just be an individual or two people like we saw if boston, the smaller the signature. with a larger group, you need logistics, safe houses big training areas. these individuals like fizzal his odd, his safe house was an apartment in connecticut. you have to have the person make a statement and give off an indicator they are going to do something, talk to them online and see what they are doing. but that demands having family community leaders and others detect these kind o

these were not people who were recruited as part of a vanguard with emissaries that came from isis. local extremists people who may have links to go back to the previous fight in iraq under al zarqawi, but people who are engaged in that fight inside libya and who want to take on the brand of isis. they don't just want to be local extremists they want to be part of a global movement. that's what they're proclaiming in that video. >> michael, what message do you think they're sending to christians around the world? >> we're coming to get you. they've sent that message before in iraq haven't they? isis bills its campaign has won against the crusader jewish spirs, the crusaders being the united states. i think there's another message embedded in this one. which is we are now a stone's throw away from eu territory, close to crete and italy, it's northern libya here. this is supposed to be terrifying. isis has always said -- their caliphate may expand from syria to iraq but they have global ambitions. al baghdadi himself said if we're lucky we'll conquer rome and move on to spain. so they

the big kahunas, the vanguard total bond etf is almost $30 billion in this fund. up and all the way down so far this year. that's a complete round trip. you see the bounce in the euro was a factor and the idea that the fed would be raising rates sooner than expected. finally, housing starts tomorrow, bill, and we're going to get building permits for january. the itb, there's the home builder etf. that's also at a new high for the year and the idea here being very simple here maybe the fed with market rates will be moving down mortgage rates moving down for the last couple months has been a big boon to them. i saw di arn thatanea olick today talking about mortgage rates going up. rates going up so we see the bond yields moving up. >> you see some refi action move up as well as people expect rates to go higher. >> isn't it amazing, we still do refi stories now. we've done four refi stories in the last four years. every year they hit new bottoms. i think this is probably it though. >> thanks bob. i want to show you something. when kelly and are anchoring, you will se

. >> reporter: curls and cuts are at the vanguard of private enterprise in cuba permitted by recent government also cafes and guest houses. much of this is funded by americans. cuban americans, who send money to family here. and that u.s. role is set to increase. >> the change in u.s. rules means americans are now permitted to export certain goods to private business people here and cuban americans are allowed to send more money to their relatives. the idea is to strengthen the private sector so cubans can become less dependent on the state. >> the fitter visit of a senior u.s. official attracted not only journalists, but a cuban american businessman. he's already established a foothold in havana. >> this is my favorite space in the whole office. >> this media operation is permitted under cultural exemptions of the embargo. attempting the u.s. changes, he's positioned himself for other business ventures but he says changes are needed in cuba too. >> i'm not allowed to stay and purchase a home or buy a car or permanently reside in cuba. i have limitations to the amount of time that i could stay

added to which the people who are the vanguard fighting forces on the ground in iraq is two -- shia militia groups popular mobilization committees and the peshmerga. the peshmerga are will protect the kurdish areas of northern iraq might go into eastern mosul where there are kurdish communities. are they going to go house to house, street by street in sunni enclaves where isis is dug? in no. i have talked to government officials and they tell me you have another thing coming here. >> so they're not going to do it. the iraqis we're not confident yet, u.s. officials not confident they'll be able to handle the job. how important is it for the international forces, the coalition to step in and do more if they really are going to make a difference when it comes to isis? >> i don't even know where to begin with that. the kurds need more and better weapons. one official says what they're using is ridiculous going back to world war ii-era rifles against isis running around with u.s. materiel. but the kurds are good fighters formidable. what did we do in 2004 when we retook fallujah? you had u.s. ma

guys part of the ben laden, zawahiri network, they are the vanguard jihadi organization managed to dot al qaeda never could. >> reporter: one or topic, on isis' most recent video, showing the be heading of christians from a beach in tripoli, an american accent or north american accent heard of that tape by one of the attackers. we've spoken to language experts who say i may not be a native speaker but somebody who studied in the states or had a teacher in the u.s. you'll remember jihadi john the english-sounding attacker that appeared in other video, we know british authorities were able to get an absolute identity of him, not just his nation of origin, but they know who he s. if they could do so with this it would certainly move forward with the investigation. >> jim sciutto, thanks so much. >>> let's talk to colonel peter monsieur the former aide to general petraeus. colonel, thanks for joining me. >> morning, carol. >> i want to get this question out of the way first. from a military perspective, is it necessary that the president of the united states call it islamic extremism? >>

fanatics is they want to at every step connect themselves as the defenders of the prophet, as the vanguardre always trying to make themselves religious and islamic. that is their goal. that is why they get power from that. so that is why they attack a target like this cartoonist as well. because they get power from that as the defenders of the faith. which we know they are. but that is what they want to grab on to. >> does the synagogue surprise you? >> no because the jewish targets have always been the targets of al qaeda style terrorism. >> my question -- excuse me for interrupting you jim. my question more is because we knew in the first shooting it was this cartoonist who was famous, a target. and then it just seems a typical saturday at the synagogue. there is nobody famous there. >> great question. you just got to think in the mind of the shooter, if it's the same one. could be a confederate or a copy cat. but there is at least an even chance it is the same guy. >> we're going continue following this story. thank you jim. is a dads don't take sick days, dads take nyquil. the nighttim

this is an inappropriate rule of his power but i'm not surprised because he views himself as the vanguardn alabama and not necessarily a judge in the way we think of as a judge. >> there was an article in the times that was titled was do gays unsettle you. and he writes about being gay and he still looks around when he holds his partners hand and said he read polls that people want to support it but still feel unsettled about it. take a look at this poll from glad about a year ago it. said 80% believe more work is needed to change attitudes toward lbgt issues and 34% would be uncomfortable attending a wedding or some feel uncomfortable if a couple were holding hands and some are accepting of this but for some folks they haven't really accepted it internally yet. is this just part of the process as we try to evolve over time? >> i think you have to look at how fast this shift has happened. ten years ago we had a bunch of states say gay marriage was not legal and the majority of the voters in the states affirmed it and said we don't want gay marriage. so we've had this ten-year shift and wh

a couple of months ago, vanguard properties they just moved in, they moved in, in october. they had no clue it would be like this. they say damage cost them thousands. so you bet they're ready this time. >> the pump is ready to pump the water away from the building if we need to. >> reporter: four to six inches through monday night. since christmas eve it's rained once and january is the wettest month in the area. they are ready, they're getting ready, this cobbler right here is getting ready. and so they do not want all this rain to come at once like it did last time. hopefully it's spread out over the next couple of days. ken? >> taking the good with maybe some bad on the way. ryan takeo in healdsburg, thank you. >>> storm drains in san francisco cleared out ready to go for this arena. workers use high-powered vacuum trucks and hoses to clean out any debris that has built up. in orinda, pg&e crews were out working carefully around power lines to trim tree branches. they cut down some huge limbs that could potentially fall on the power poles in tomorrow's storm. as the sto

if we breach that i go know mainous wall even if done with amazon and netflix and apple at the vanguard. you know what netflix is a real good place to start the game plan for next week. because those of us who are subscribers to netflix know that at 6:23 a.m. this very morning, the new season of "house of cards" became available. did you get your e-mail? i did. i always tell you netflix isn't a play on earnings per share, it's a play on signups per share and i expect them to be voluminous. big lookout monday for analysts itching to raise their estimates based on strong signupses, simply because three of the much-talked about show will spur worldwide demand for the service for certain. don't worry, i'm not going to spoil "house of cards" for you, and we have already decided to rags ration it out this time after killing an entire weekend a year ago of binge viewing of every episode. my motto now, everything in moderation, including "house of cards." but "house of cards" isn't the only cerebral entertainment this weekend. i'm going to be poring over warren buffett's annual letter to see wh

liz: plain vanilla stuff, vanguards of the world with low fees which focus on s&p 500 which in itselfver past year. why not go into that and save yourself a lot of heartache right? >> absolutely should do it. one thing we know less you spend on your investments more you keep. 85% of active managers underperform the s&p 500 over the last three years. liz: yeah. >> that will continue. liz: you're paying them to lose money. that goes to warren buffett's theory, buy the index, right, matt. >> exactly. you can do it in etfs for five basis points a year. that is .05%. basically free. unbelievable deal. that is why those funds attract so many assets. that will continue, matt hogan, etf.com president. want to check out etf.com. good stuff. appreciate it. >> thanks for having me. david: the first u.s. oil refinery strike in more than 30 years and now it is growing. is this another bump to the road of economic recovery? what will it do to gas prices? liz: susquehanna makes a big call on one oil name, saying it could drop 30% more? we'll tell you that name. you need to know that straight ahead.

and that's really the vanguard here with kurdish forces cutting off supply lines.in an urban battle estimated 1,000 to 2,000 isis fighters in mosul. you've got to trust me. they're digging in setting bobby traps. they're readings these plans and digging themselves in to respond. it's not going to be an easy plan no matter how well trained these forces are. >> that's part of the reason the officials are telegraphing about this attack in the hopes isis fighters might simply choose to leave or get civilians the get out of the way but all of that is very much an open question. do we know exactly the details about the role that the u.s. military advisors will play in this. >> reporter: we don't know yet but we know u.s. commanders are seriously considering recommending to the president the u.s. military advisors either go on a forward role as advisors but still close to the front line with the troops helping them along, command or possibly ground controllers to air strikes, they haven't recommended that to the president yet but specifically mentioned the mosul operation

. >> vanguard is an unstoppable force. if you look at their bond market, they charge .08%.heaper. it gives you access to 16,000 bonds. if you invested 10,000, that would equal 2000 bonds for dollar. it is the best deal and that's why it's the largest bond etf in the world area --. >> it is not actively managed to --. >> if rates,, it will get hit art. you see edge your projects come out. this is a new thing. these are products that are not normal. they are balancing. this is based on risk. that is a little bit how gun lock is supposed to work. >> i like that. >> smart bay is the term you hear thrown around. >> thank you so much. market makers is up next. ♪ >> live from bloomberg headquarters in new york, this is "market makers," with erik schatzker and stephanie ruhle. erik: not so penny wise. shares of jcpenney are getting hammered today. the department store chain lost money over christmas and the forecast is disappointing. how much patience do investors have left? stephanie: time is running out on capitol hill. republicans have until midnight to passes any bill or the de

elements of the theology and mythology around it to reshape identity and are trying to redefine the vanguards for muslims around the world. this was in part bin laden's doing, to create a muslim awakening that would imbue this ideology, this notion that the rest of the world of islam bears a religious obligation to fight, and on the grievances are actually to be acted upon. the theological dimension in this transnational context, the 21st century, that really is the difference between then and now. >> i would just say this, this and it will be our last comment. it is different because the stakes are so much higher in the weapons are so much to more dangerous. but the fact is they're are know nuclear weapons out they're. if one of these groups got one of those weapons there is know question, i would think, in anyone's in anyone's mind that they would use it in and you talk about killing hundreds of thousands people and not just a few. there is always -- you know, in every movement from the history of the beginning of mankind there has been a string of violence that is to. but i think at no.are

they had on their conference call jack vogel of vanguard said it's about a culture of salesmanship that moved into the retirement business and that retirement advicers who depend on selling products every single day push people in ways that may not serve their interest. so this is going to be a long process. the department of labor has oversight over plans that involve worker retirement. the secc has a different set of rules over ordinary brokerage accounts. it's something that the administration tried to do in 2010. there was a tremendous pushback from wall street. they abandoned the effort and they're trying it again. it's going to take the remain of the obama presidency if they're going to get it through. they're said they're not banning commissions. there will be certain exemptions to the disclosure but they're getting it underway. >> come a long way, john. twenty years ago it was almost like fee for service doctors. almost twenty years ago it was all commissions. now it's mostly assets under management. and, you know, they'll be setting where the money is. it's in retirement accoun

[laughter] so new york was in the vanguard of transformations that would make the 20th century the americanp century. you have you have the rise of commercial radio, you have the rise of tabloid journalism, you have the invention of television, you have the spread through radio and records of this pulsating urban music called jazz with armstrong and ellington. you have the emergence of spectator sports where 100, 120,000 people show up for a prize fight. 59,000 come to yankee stadium. it just had never happened before. and it's -- i try the tell this story through a series of biographies. and there are about three dozen major characters, and i have a cast of characters at the front of the book. most of them -- and i should say this too, one of the great challenges that every writer faces when you start to create these characters and incidents is connecting -- [inaudible] well that's a q&a and i'm going to leave a lot of time for the q&a. somebody throw a, fire a spitball at me, you know when you get tired of this. maybe we could talk about writing as a process, how you put together books. w

elements of the theology and mythology around it to reshape identity and are trying to redefine and be vanguardsd the world. this was in part of bin laden's doing, to create a muslim awakening that would imbue this ideology, this notion that the rest of the world of islam bears a religious obligation to fight, and the grievances are actually to be acted upon. the theological dimension in this transnational context, in the 21st century, that really is the difference between then and now. >> i would just say this, this and it will be our last comment. it is different because the stakes are so much higher in the weapons are so much to more dangerous. is dangerous when you're fighting with machine guns but the fact is there are know -- are now nuclear weapons out they're. if one of these groups got one of those weapons there is know -- there is no question, i would think, in anyone's in anyone's -- in anyone's mind that they would use it. the stakes are higher today because of the danger that these weapons pose. that will have to be our last question. thank you so much for coming. [applause] >> on f

the worst performers today, and the vanguard ticker down by 2%.to you. >> sticking with real estate. time for power house, weekly feature. it is home to the second larger airport, the city we're visiting today, and that would be big d, dallas. we're going to focus today on the suburb of frisco texas. laura, welcome. the stats on metro dallas accordsing to zillow. median price is $235,000 inventory of 4,000 property local mls says properties on the market forage average of 66 days. little more than two months. first listing, 15827 buffalo creek drive, 364,000, three beds, three and a half baths, 3300 square feet. tell us about it. where is it? why do you like it? >> this is a great home at a very low price range. this one has very good architecture built in 2001. it has wood plank flooring, high ceilings in a community that has community pools and trails, and for the price range, incredible. >> nice finishes there, laura, really beautiful. obviously a spacious, spacious home. that's a nice one. what was the price again? 365,000? my goodness graciou

i think the united states continues to be a began liberty and stance of the vanguard of basic human rights. that is embodied in the fact that the president, when standing before these world leaders, brought it up. no one asked him a question in the context of yesterday's summit. he brought it up and proactively at about the need for countries to live up to their requirement. that they respect and protect the university human rights of their citizens. the president did that for a variety of reasons. first, it is consistent with our values. second, as he explained, it is consistent with the steps that people around -- countries around the world can take. as countries enhance human rights it can counterterrorism. the president has been forthright about the need to balance all those concerns. there are countries that do not have the kind of human rights record that we would want them to have, but continued to be good partners for the united states in ways that are advantageous for national security. there is -- these are public it issues. once there are constantly undervaluation here. the pres

they are the vanguard jihadi organization. >> reporter: to push back the president outlines steps voicesare important steps. but they are not a silver bullet. the u.k. has been using many of these steps for years. they have a massive jihadi problem. some of the steps, particularly cooperation with police among muslim communities, has raised questions of being surveils under observance and kweps about where the loyalties lie. a reminder this is a long fight. none of this is going to solve the problem overnight. >> very long fight. thanks for that report. let's get back to congressman ed royce. what do you know about these claims that the eyewitness accounts if you will that 45 iraqi soldiers and tribesmen were burned by isis? >> what we're trying to ascertain at this point, wolf was were they burned alive before or after. now, we have seen that they used cages to hold some of their captives. these were the same types of cages that we saw the jordanian pilot burned alive in. but whether or not this particular horrific crime was committed before or after they were executed we don't know yet

and on that is britain is very much in the vanguard, very much in the lead and very much listened to by others in europe. when it comes to the knowledge of the financial intuitions and i key industries we have a as good a situation as everybody. don't be precious about being in the room. >> in that case i can move to mr. jengen. >> yes. prime minister you say there is no military solution to this ukrainian crisis. even though it's brought about by a dictator who clearly believes in military solutions. recent history suggests in the georgia case that there is a military solution because that stopped when the americans went in to the sea. what evidence is there that we can stop without a similar demonstration of the western military rule and resolve. >> i would take a slightly is different lesson from the georgia experience. i don't think russia necessarily believed that america was going to intervene militarily. what happened was that i think the lessons from the georgia experience is that no consequences followed from russia's effective dismembering of georgia and the creation of oth

. >> and lets us not forget we were in the vanguard of incorrectly being bullish on russian securities am. >> that, too. i was going to ask, when you look at the landscape today, what opportunities do you see? >> well there was a wonderful quote distilling the state of the world by the biggest nordic buyout firm, i have foregotten the name they said we look around the world and nothing is cheap. that's not exactly true. there's cheap zurts in placesecurities in places you want want to be seen in polite company, moscow is one place. yielding upwards of 4% or 5%. the referred is much cheaper than that. gold is an asset that to me is most confoundingly cast off from mainstream consideration. gold stocks are, therefore, for the taking. they get cheaper and cheaper all the time. to me gold is the great contrainvestment in a world of central bank dominance. it's the anti-central bank investment. >> last question bringing it back home if i were to say to you same question where do you see opportunities in the u.s. in u.s. assets generally across acrossed the board -- >> at grant's we work fro

the biggest owner of apple shares is vanguard. they've got 327 million shares.hose spider etfs. tim cook all have big stakes. overall, scott, guys a huge company making a lot of people very wealthy. >> we should also note apple up 30% since the stocks split last june. so does apple have room to run or is the stock going too rich here? here on the set to break it down is dave garrity, principal at gva research. how long until the trading market -- >> exactly. hundreds of millions of dollars as people look at them. the thing to consider we've got fairly important dynamics taking place near term. which is mainly a week from tomorrow, we got the chinese new year. and we got in the fourth quarter, obviously, 1.2 billion people giving high-end gifts. apple iphone 6 is an important item there. again for the first calendar quarter, apple is number one in china. they are looking at longer term expectations as this upsieblgle will may take apple from the 15% share up to 33% by 2018. >> that's in the world or china? >> that's in the world. you're basically looking at a dou