fund and that is vanguard balanced index fund. it is 60% in the stock market index, 40% in the bond market index, might have done better here or there but it is so comforting to know i don't have to think about it every year and send the money on january 1st because life is short and i want to get before i go to my reward. liz: give with a warm hand. the vanguard balanced fund, and we will put that on our web site. wonderful to see you and we hope your life is long. we love to have you around. >> thank you for asking me back. liz: jeff mobile, vanguard group founder. breaking news on target. malware use in target breachedes written partly in russian have been discovered according to a report prepared for government on the malicious code issue that was used in target's problem. as you know this was a situation where we have target saying some 140 million different cards were compromised. and struggled since the start of the year since halfway through last year down 10% at the moment but it appears hackers by the target breach targe

he is tamazing. >> vanguard paid $24,000 for baxter. steal of a deal. according to the vanguard ceo who says baxter makes the company more productive freeing up workers to dupe other jobs. >> they do not mind if the employee is on the floor. because they know that that technology is going to help them whatever the job is that they have now. >> manufacturers have been adding robots and automation for decade. made plants around the world far more efficient. it has also sparked a debate, about whether or not, robots have made manufacturing companies so efficient they don't need to hire as many workers. in fact, the drom in manufacturing jobs over the last 15 years, has happened at the same time the number of industrial robots around the world has surged. >> you know, employment is falling off a cliff. median income is lower than the 1990s. there are troubling trends. >> science fiction has long predicted robots would eventually have the artificial intelligence to interact with people and think lookike a pers. the makers of baxter say the robot is a glimpse

he's amazing. >> reporter: vanguard paid $25,000 for baxter, a steal of a deal according to vanguard's ceo who says baxter makes his company more productive by freeing up workers to do other jobs. >> they do not mind the employees on the floor. because they know that that technology is going to help them keep whatever job that they have now. >> reporter: manufacturers have been adding robots and automation for decades. it's made plants around the world far more efficient. it has also sparked a debate about whether or not robots have made manufacturing companies so efficient they don't need to hire as many workers. in fact, the drop in manufacturing jobs over the last 15 years has happened at the same time the number of industrial robots around the world has surged. >> employment is falling off a cliff. median income is lower now than it was in the 1990s. there are definitely some troubling trend. >> science fiction has long predicted robots would eventually have the artificial intelligence to interact with people and perhaps even think like a person. the makers of baxter say that's why

are they better vanguards? >> i think the really great litmus test is the results that are forthcoming. if if they continue to deliver on the promises they made to us last year. be disciplined with their capital allocation and then there is a chance we might start to see renewed interest. >> we have to leave it there. we could go on forever on this. it is such a big area. we'll see how this reporting season turns out. come back and tell us what your scorecard is. evy hambro. coming up, it has been a rough tart for 2014 for twitter. investors begin to doubt its evaluation. more on that story next. ♪ >> i'm manus cranny in london. this is "on the move" on bloomberg television streaming live on bloomberg.com, your tablet, your phone and now any windows phone. the biggest message of swiss -- es >> the numbers were 2013 were not great. >> what is so great about swatch s it is such a bellwether, manus. they have several brands and they are also the biggest maker for come opponents. it supplies components to 2/3 of

it i'm saying there are great similarities and they are created by the vanguard of intellectuals. critical of mass democracy liberals despise the individual business men's pursuit of profit as well as conventional individual self-interest to pursue success. both of which thrived in the 19th century. snobbery is not new to liberalism but the actual history of liberalism will be new to most readers. liberalism like its rivals including communism and fascism and fabianism emerged as part of the 20th century response to the newly emerging worlds of mass production mass politics and mass production. like fascism and communism, and i should add here fabianism liberalism was strongly influenced by the rightist of nietzsche. the first book in america written by nietzsche was written by h.l. mencken. the first book on george bernard shaw and america was written by the same man, mencken. mencken made shah famous in england before he was famous in england. i won't go into shock today but suffice it to say that he plays an important role in the book. what people found appealing to nietzsche w

and that's -- so what's happening now is that the vanguard, the sort of turkish vanguard that has done this led by erdogan is starting to crack up itself and that's basically split into sort of two wings. so i think what's so -- what's troubling to me is that turkey has been a very stable place and a democratic place for the last -- erdogan has brought a measure of stability and economic breath to that country it hasn't seen before and i think that's coming to an end. >> rose: has he changed, is my question, because of power? has power in some way in a sense he's now going to run for president. >> i don't think erdogan has ever changed and i don't think he's ever brought change to turkey. i think we're now seeing the man -- >> rose: he was what he was? >> he's the manifestations of it and the things that made erdogan great are the things that are undoing him right now. >> rose: which is? >> which is he is very mercurial he's very hot tempered and he ends to take this -- he's have a neighborhood in istanbul where he played soccer and he very much sees himself -- he calls himself a black

what is happening now is that the vanguard, the turkish vanguard led by erdogan, is starting to crack up itself. it is split into two wings. i think what is troubling to me is that turkey has been a staple place and democratic lace for has broughterdogan economic growth it has not seen before. i think that is coming to an end. >> as he change because of power? he changed because the power? >> i do not think erdogan has ever brought change to turkey. >> he is what he is. >> i think the things that made erdogan are the very things that are undoing him right now. >> which is? >> is very material. he -- he is very mercurial. is very hot tempered. he plays soccer and he very much calls himself a black turk. as dexter pointed out, they were the people that came up from the heartland and the grassroots. they oppose the secular elites. they took that turkey for the turkish people. and who he calls a black turk. what he has done with this ndishment,midt -- bradnis he is willing to -- , economicallyly that is the biggest risk in turkey today. , benjamin, some sense of the trial that turkey has

what is happening now, the vanguard, the sort of turkish vanguard led by erdogan, is starting to crack up itself. it is split into two wings. i think what is so troubling to me is that turkey has been a very stable place, a democratic base for the last -- erdogan has brought stability and economic growth to that country that it has not seen before. i think that is coming to an end. >> has he changed because the -- of power? >> i do not think erdogan has ever changed, and i don't think he ever brought change to turkey. >> he is what he was. >> i think the things that made erdogan great are the very things and doing them now. >> which is? >> he is very mercurial. is very hot tempered. he is from a neighborhood in istanbul -- keep has played -- he has played soccer. he calls himself a black turk. as dexter pointed out, they were the people that came up from the heartland and the grassroots. that oppose the secular elites. they took that turkey for the turkish people. and who he calls the black turk's. -- turks. what he has done with this brandish meant -- brandishment, he is willing to sa

>> charles, the vanguard high dividend yield etf, these are big companies relatively under priced. great way to play the market after last year's great year. >> ben, what do you like? >> spiders discover the index you'll do great. >> ben, thank for the shout out and watching the cost of freedom continues on the place for business, you know what it is, fox. >>> sit back and enjoy a new year show full of resolutions to save you money. first up, be it resolved, no more bailouts. as the individual obama care mandate kicks in new worries popping up that insurance companies will need a government rescue from obama care. here's a big reason why. so far nearly three times as many health plans getting canceled as the number of folks actually signing up and evidence those who are signing upre not the ones that insurance companies need to break even. this news comings we discovered our great american auto bailout was more about bailing out foreign car companies than saving the u.s. auto industry. fiat took a

you said that you disagree that there is a vanguard of evil there to create jobs. listening in on the perkins interview, it seemed more that he was saying just leave us alone. >> leave us alone, but let us education, which in my worldview, where the growth comes from that is sustainable. it comes from fraud a skills of the workforce tom and that we have had experience with cutting high income taxes, and it was not great. the 2000 was a very weak recovery. >> a different recovery from our childhood. not about one percent or 10% and nine percent but the dynamic between those. and others have written about the lack of mobility and the aspiration around it. are we losing the mobility in elasticity? >> i think when you look at the mobility data you see it has not changed for fit the years. second of all him a when you dig deeper, you find the place we are not holding up relative to denmark and other countries that have very high income equality is in the bottom 20%. >> you say the mobility is still there? >> use a single motherhood, high dropout rates, high crime rates

vanguard megacab. >> these are big strong brands, cheap. i like it. >> i think the maker of post-it will give us a nice dividend increase. >> bill likes drones and company that makes them. >> i think they will take off when amazo starts using them for delivery. >> you guys are terrific. we got three stocks in. in that short time. that is it for "forbes on fox." thank you for watching. keep it right here, the number one business block continues. you don't want to miss this. eric bolling and "cashin' in". >>> president, the land of the fry ain't as free as it used to be. the u.s. tanking in economic freedom under your watch, sir. this year we aren't even in toten anymore. is obamanomics destroying the american dream? remember when greenpeace used fake santa to scare the heck out of the kids. >> they will leave me no alternative but to cancel christmas. >> well, now liberal lawmakers are jumping in bed with greenie and pressure networks to cover climate change stories. should we pull the plug on lefties dictate the news? and then.

. >> the vanguard developed market etf. you are buying big, successful companies. >> ben, what about you? >> just a good old spdr. the index that will win the day in the long run. >> ben, do you like the market last year? >> it cannot imitate last year but i like it for the long run. for long run it's great. >> b continues on fox. >>> well, hold on, folks. if you thought the first wave of obamacare insurance cancellations was awful, you ain't seen nothing yet. the next wave expected to hit small business workers. 40 million work for companies with small group insurance plans that may b affected by obamacare, the same way the individual policies were. one blue cross, blue shield company warning that 99.5% of their small group plans will be affected. so should you be worried? hi, everybody. i'm david asman. welcome to "forbes on fox." go in focus with mr. steve forbes, rich karlgaard, elizabeth macdonald, john

alexandria a number of protestors and also students have been killed students here in egypt very much of the vanguard of the pro-democracy movement there detentions in their killings is sparking the movement to keep going further and people are very angry organism brotherhood as well are very angry because the government has in force a new occurring in law the protest law which sees demonstrations have to get permission from police before they can go ahead in addition of escalated on christmas day when the authorities decided to declare the mission brotherhood a terrorist organization anyone who helps them as a brotherhood in their marches or even has literature supporting them could get a five year jail sentences organizers of these demonstrations could face execution so there was a lot of anger on the streets and on the behalf of the supporters of mohamed morsi who is going to trial on the eighth of january so this is another event that's on the horizon angering these protesters on the streets and making egypt quite a volatile place we really with this constitution referendum and also the trial on

vanguard is quickly becoming the world's largest asset manager and replacing names like fed fidelity. multiassets groups are becoming very large. 2014 will be a real banner year for some of of newer up type strategies. >> so passive investing which is basically another way of saying index funds and dts is one trend. alternatives what are we talk about here when we say alternatives? is this a case of mutual funds wanting to be hedge fund? >> it is that to a certain extent. and a lot of it is strategies that were formally only available in hedge fund moving into the mutual funder or etf vehicles. alternative if you ask five people you might get five different answers. our answer is, alternative to equity and fixed income most simply. so we think are the things that are off the style box. >> like what? >> a commodity fund would be alternative. a fund that is market neutral. so to be on the starbucks you have to have market exposure. other funds we don't consider alternatives very popular, multiasset solutions where you're all over the starbucks but not off it. so alternatives are really

number of protest isn't with the students have been killed she was here he sits out very much in the vanguard of the crane most unique needs their detentions in the killings is barking in the midst of getting fatter people are very angry with him is the other hand is well a very angry because the government's housing force in ukrainian go by the protests two weeks these demonstrations house to get permission from police before they can get ahead. in addition is asking a kid on christmas day when the authorities decided to take landon is about a organization. anyone here helps them isn't motherhood in and watches or even constitute acts of causing them to get fined each jail sentences. organizers of these demonstrations could face execution. certain not to bond on the streets and on the haunted suppose the mohamad nor seek healing is going to trial on the eighth of january. this is another attendance on the right thing i'm doing these protests is on the streets and making is quite abundant of place the lady with the second season recommend and endorse eight at the trial horizon we expect this

. >> but your senior class was on the vanguard of so many things including vietnam vietnam, drugs, by the time the freshman class came along, i think in my case i am the youngest of four i watched my three older siblings do these things that scared me so i did none of those. >> the young girl baby boomers are more cautious. they embrace the sec's drugs and rock-and-roll with the philosophical underpinnings but they see the older baby boomers and action what works in general but not when it is the beanbag chair [laughter] the baby boom gets better behaved as it goes along. >> host: one delightful aspect is that you start by describing what sounds like a very early memory in toledo ohio where you are watching several to the picture of window of your brand new house. >> too young to go to school i watched the big kids and if this is the silent generation i say at this moment in the book that all generations of kids want to be grown-ups except us we wanted to be bigger kids. [laughter] >> host: you make an observation of childhood of baby boom children were in control of their own a child

joining us now is jack bogle, founder of vanguard. i'm looking at some of the stuff you're going to tell us, jack, it's so simple and clean and elegant, i kind of like it. you forever -- you forever have been the bane of stock pickers because you're saying anyone can do this, just stay long in index funds and you get surprises on the upside like last year, which you probably weren't expecting. this year will probably be more typical of what you expect. the market will rise about the same level as earnings, right? >> well, i think that's not a bad guess. i mean, i don't do much for the annual changes in the dow jones or the s&p, whatever it is. they're problematically depends so much on investors attitudes and not so much invest in what american business is doing, which is, of course, the source of all returns. i look at basic value, a 2% dividend yield. earnings should grow at 4% or 5% per year. that's 6% or 7% internal rate of return. it all depends on what kind of valuation we get. i'd say the valuations are a little high but not ex

well it's thought to be the vanguard of democracy but can the u.s. congress relate to the troubles of everyday americans abby martin breaks the sat next on our team. recently facebook was ablaze with likes and shares about the two thousand and fourteen no pants subway ride this is a yearly event that has grown in popularity and spread way beyond its native new york to cities across the globe according to fox news a century thousands of people ride the subway in their underwear as if it were a normal day what you're going to say is a prank collective the cause of scenes of chaos and joy in public places yeah i guess this is kind of funny i mean hey i like wackiness but think about the effort and propaganda takes to get thousands of people the world over to simultaneously do something and then with all that effort and all those thousands of participants all you do is walk around without your pants on this idea must have been created by some people with a pretty decadent lifestyle because how can you even think about organizing people for the goal of sp

now tijuana is experiencing what many call a rebirth led by a vanguard of musicians and artists. sculptors like efren para. >> what was it like when you were able to open the pasasa rodriguez. >> many left their goods. >> how would you characteristic the transformation of tijuana? >> we actually didn't think of transforming tijuana. tijuana seems like one of those cities every ten, 12 years, reinvents itself. >> this latest is an unlikely one. a home grown renaissance has taken place. >> tijuana used to be supported by the people coming from other places, especially tourism, but at one point with the violence that erupted here in the city it all went away. >> roberto mendoza is one of the most famous musicians in mexico. his former group nortek collective is known over the world. a lifetime resident of tijuana. >> tijuana is happening, especially with the local people. you don't see a lot of tourists, but a lot of locals everywhere from the clubs, bars to the restaurants. you see all these new faces, new generations growing up and people just enjoying the city. that's like the bi