50 million worth of shares in fannie mae and freddie mac. That means he joins old nemesis bill ackman and other big investors on the mortgage bet. Lets bring in our panel. Fox businesss Charlie Gasparino. We also have tracy byrnes and barrons Senior Editor jack hough. What do you think of this one, charlie. Wish we had dick bove but he is boycotting tv until 2015. He is very positive on fannie mae. See a political angle. See the republicans taking senate and shelby becoming head of the banking committee. That will protect fannie and freddie. They will not dissolve it. Those bills out there to dissolve fannie and freddie will go nowhere because shelby is against that. Possibly that means equity in these things is pretty safe, right . Melissa it also means well have another housing bubble. That were not 20 years from now. Who cares. Carl is 79. Becomes more blurred lines, melissa. You have activist investors and government all coming together and fighting each other and not solving the problem for the Housing Market at all. Melissa jack . Bill ackman argued these stocks could be worth 10 times their value eventually. The argument here that the government overstepped its bound in changing the deal with fannie and freddie. There is court case. Is it a good bet . I think it is. A lot of smart money is going into it. Would you go out and buy fannie and freddie stock right now . I dont tell people what to do, if uncle carl is in the more the guys sign on to the stock, the more financial firepower to argue the case in favor of these companies. Melissa speaking of stocks, talk about google taking a cue from robert frost. The search giant writing a poem, to announce chrome books new global expansion. Did you hear this one . It opens, chrome books are coming to nine more nations, to improve computing for all generations. I mean this is while the apple conference was going on. Theyre sending out poems at google. Do you feel good about it . Youre talking about it, right. Melissa were talking about how lame and out of touch they are. What . He probably wrote it over coffee. He gets paid billions of dollar and hitting a home run. Let me put this way. There was once a man from google, who says his message was frugal. Wrote a weird poem to advertise chrome and i say give credit where credit is duele. Melissa come on im a fan of hakiou. Melissa this is fan of twitter which is its own poetry. Im impressed with your poetry. Tough rhyme. Melissa do you think president obama may be headed to big apple. Yes i did. Melissa politico and Charlie Gasparino that president is eyeing new york because it just, for those of us that live in new york more about the traffic than anything else. Im over wit. Im over the president ial detate that comes to town. Melissa i think he will like the de blasio reign . De blasio is further left than obama. Melissa yes. What is interesting about this. I spent some time with him in washington with really a sort of guy that travels between finance and washington and knows a lot. He actually told me. Obama wants to live in new york, when he gets out of office. His wife doesnt necessarily. Michelle melissa go back to chicago . You have rahm emanuel there . I dont think he want to go melissa go back to chicago. Why does he come here . Its a great city in youre rich. Melissa tax rate is terrible. Second one of those secret Service Motor vehicles flat tire, every pothole in town will be fixed. We could all benefit. Will he be taking tables over at camp . Melissa strangely silent. This is great news. I would say this is city where almost anyone can blend in. Not if youre the president. Bill clinton really doesnt blend n when he comes in everybody is like melissa im concerned about the traffic situation. That is what im saying. Im go from terrible to terrible . Crappy. Melissa thats true. Despite allegations of Insider TradingPhil Mickelsons sponsors are sticking with the golf pro. That is for now. I was on vann any the other day. He asked me about this. Here is what i know from a fairly senior guy in sports marketing. You know, Lance Armstrong set the bar so high, in terms of scandal with steroid. Melissa or low, depending how youre looking at it. Or low. This doesnt even come near that. This is by the way as we were talking about i dont think they will nail him on anything. Just based on what i know, what is out there he did not commit Insider Trading. Anybody that follows golf, how could you not love him . Melissa he has a bit of a gambling past. Knowing that so did bill bennett. Look at virtues guy. Bill bennett went to vegas all the time, didnt he . Melissa people are saying Phil Mickelsons squeakyclean image. I dont know what game they have been watching. He cheated at golf . Melissa no but. If there is not smoking gun evidence, incider trading, people from outside of the invest world think it a very cut and dry case with every everyone but it is really not. There is lot of gray area what constitutes Material Information and what constitutes nonpublic information. A lot of stuff goes down on the golf course. Melissa really . Kp move g, as former accountant i love theyre sticking by him. Melissa were following money and none of the money left phil mickelson. That to me they dont have any confidence in this. Yes, me too. I really hope it turns out to be not much for phil mickelson. Me too. Melissa shine bright like a diamond indeed. Rihanna arriving in style. The cfda fashion awards, whering what can only be described as a naked dress. The pop star was covered in more than 200,000 crystals, look at that. We bring this up for obvious reasons but also because, it was want charlie and jack to really turn red. Why would i turn red at that . Melissa because she is naked. Why would i turn red. Comment on what you see. Melissa fashion sense and Clothing Choices but chooses to wear no clothing. Ive been staying close to this story as it has been developing, and these parts were showing. What ive learned so far. Melissa where the money is, the money shot was showing. This is her mo. This is what she does. Every dress she has worn at some point you get a breast shot. Melissa she is paid 100,000 to different Fashion Shows yet she does not wear fashion or clothes. She goes naked. One would argue this is high fashion. She is pushing envelope. She looks good. What can you say . Melissa thank you. One day on fox business, right here, melissa, you will be wearing it. Melissa i dont know about that. Okay. Well put charlie in it. High frequency trading has a bad wrap. Got bigshots like bill gross singing the blues. Dont tell Michael Lewis but are the days of the individual manager over . Do we need them . We have computers a word to the wise. Looking facial hair is not your best look. I know, look at that. Take a look at a new trend younger folks look closely. Into a bit of a hairy situation. More money coming up. Stick with innovation. Stick with power. Stick with technology. Get the flexcare platinum from Philips Sonicare and save now. Philips sonicare the numbers are impressive. Over 400,000 new private sector jobs. Making new york state number two in the nation in new private sector job creation. With 10 Regional Development strategies to fit your business needs. And now its even better because theyve introduced startup new york. With the state creating dozens of taxfree zones where businesses pay no taxes for ten years. Become the next business to discover the new new york. [ male announcer ] see if your business qualifies. Melissa casino stocks today. More on this one. How come, nicole. Look at the group. Some names are down 4 such as wynn resorts. Mgm down almost four. And medical cocrown down five. Revenue for may gambling above four billion, just overall growth is just over 9 . That is not as well as much as analysts had been anticipating, expected 13 to 15 . There is also some tough comparisons. The idea here, also, is that next year, may see them growth once again. This is because you will see galaxy and melco crown will open new resorts. There will be more capacity. Hope here is that well see the growth once again. Back to you. Melissa nicole, thanks so much. Bill grosss pimco is seeing 13th straight month of investors pulling money away as returns remain low. He and other hotshot Money Managers making noise with the media. Are they losing dominance with computers . Back with me is charlie quinn. And sarah quinlan, the duchess of doom and jack hough is back. Absolutely were all afraid of the duchess of doom, right . How do you feel about that duchess . Im good with that. Melissa good for you. So bill gross, pimco. Seeing huge outflows at the same time, you know that were looking at folks making money in quantity funds. Maybe we dont need these guys anymore. I like bill gross. He is a very smart guy and member of our barrons roundtable. Full disclosure. If you have a bond fund where youre charging people half a percent, it becomes very difficult for investors to make the numbers work. With yields this low, it really exposes fees on actively managed bond funds. Melissa do we need active managers at all any longer . You do but need people who can trade. Melissa why . You need people who understand the change in trends. Post the recession we see people spending differently. That is 70 of the gdp in the united states. There is a change. And people are investing in 2006 trends as opposed to 2014. Melissa i dont know we need these big loud guys anymore. If youre individual investor, you go with the s p and dow you do better. If you you get in a quant fund. My friend in morgan stanley, where he puts in a lot of money, hear me out. He helps his client anything out which index fund. Melissa right . You would say why do you need a broker, you kind of do to know where the sectors are. They are low cost. I dont care what anybody says. Steve cohen getting an edge on you. Guess what . If you put your money . S p 500 fund in may 2009 and kept it until today you made a lot of money and you paid very low fees. Melissa are these big activists guys, who get out there and Big Fund Managers make a lot of noise, love going on television and talk their book on other networks all the time . Whether talking about bill gross, talking about ackman and talking about lobe. All the guys get out there and are they worth it . No. Let me get the one point. I spoke to carl icahn recently, not in context of his investigation, but separately. He said that charlie, why dont you go and become a hedge fund manager. Make two and 20. Can bs with anybody and go on tv. That is the whole thing. Steve cohen melissa jack, is that the essence of all these guys . Going on tv . Melissa yeah bill gross manages the Worlds Largest bond fund. Melissa not for much longer with the outflows. I think he is a good manager and i thhnk he, the hedge funds king of funds have not paid off. Melissa they have not paid off. Look at rate of return, they do not pay off. I mean for the average investor youre better off buying an index, if you have a lot of money going bet algorithms and forget trading. Melissa look at ted griffins company. Why melissa renaissance, theyre all doing better. Why get that complicated, if youre an average investor, watch us, get the sectors, invest smart. The fact is you need to move amongs sectors where spending is and where you actually see, right now people are experience alley spending. You need to be in restaurants as opposed to apparel as an example. Bond are not a great deal in general with yields so low. Your best estimate of returns is that yield, not trading profits of the best thing to do keep your fees very low to an index fund. Melissa from the u. S. Money is flying around the globe. To iran, the capitol city engulfed around a enormous dust storm. In a scene out of end of days movie and a wall of sand plunged whole neighborhoods into darkness. Isnt that incredible . Temperatures dropped from 90 to officials are calling the freak event unprecedented. Wow, that would be really scary. In over to france a priest is blessing smartphones in an effort to win over churchgoers. The blessing of Electronic Devices is keeping with church tradition. Just like boats and carts and animals. Only 50 of the people in france go to worship. Down from 80 back in the 80s. Maybe blessing phones will help. In japan an underground ice wall is being built to stop radioactive water from leaking from the power plant. A thousands of feet of pipes will barricade and freeze the earth. Contaminated water keeps building up posing risk to nearby towns and cities. Yikes, that is a downer. Are they doing enough to protect your dome. Next battle is chippy. Next bag of doritos could include something even better than cool ran. Big money on the way. Peace of mind is important when youre running a successful business. So we provide it services you can rely on. With centurylink as your trusted it partner, youll experience reliable uptime for the network and services you depend on. Multilayered Security Solutions keep your information safe, and secure. And responsive dedicated support meets your needs, and eases your mind. Centurylink. Your link to whats next. But with less ergy, moodiness, i had to do something. I saw mdoctor. A blood test showed it was low testosterone, not age. We talked about axiron the onlynderarm low t treaent that can restore t vels to normal in about two weeks in most men. Axiron is not for use in women or anyone younger than 18 or menith prostate or breast cancer. Women, especlly those who are or who may become pregnant, and children should avoidt where axirons applied as unexpected signs of puberty in children or changes in body hair or incased acne in women may occur. Report these symptoms to your doctor. Tell your doctorbout all medical conditions and medications. Serious side effects could include increased sk of prostate cancer, worsening prostate symptoms, decreased sperm count, ankle, feet or body swelling, enlarged or painful breasts, problems breathing while sleeping and blood clots in the legs. Common side effects include skin redness or irritation where applied, increased red blood cell count, common side effects include skin redness headache, diarrhea, vomiting, and increase in psa. Ask your doctor about axiron. Melissa better wash your hands. A new study that says obesity is actually contagious. No, that does not mean if you eat more chocolate cake when you see your friend sitting there and eating it. According to the study the common cold could be fueling the fat epidemic. Oh, no. Dr. Manny alvarez joins me right now. You dont believe it . This virus 36. They tested animals. When they injected them with the virus they gained weight even though food intake stayed the same. Come on, they got fatter i must be infected up the wing wang. Melissa is that a medical term . Wait, dont tell me. Anyway. Look this is anecdotal observation made in animals. It is not a real study. One would argue when you get a viral infection your immune system gets out of whack and your metabolism changes somewhat and perhaps you gain weight. However, however, this nutcase of the author, is saying that, oh, that obesity, worldwide is predicated on this virus infecting people. In reality, we know for a fact, that the obesity rates have to do with the products that were eating, lack of exercise and things of this sort which has nothing to do with a virus. Sorry, charlie. Melissa getting a flu shot will not melt the pounds away . No. It will take the sniffles away but not the handles. Melissa quitting smoking of course is good. Melissa supposed to be a good thing. A new study says when smokers quick the habit their lives were 70 less pleasurable. Wah. Melissa 70 . Youre sitting there, i dont know, i could quit smoking but the rest of my life is going to be 30 as happy. Look this is all predicated on this government of ours, our wonderful melissa the government is behind this data . Because the data has a lot to do how they will deal with ecigarettes. Whether the regulations of ecigarettes will be really tough and they dont want to make people unhappy. So, basically, theyre saying look, were not going to, with were going to stick with a plan of having kids less than 18 not use ecigarettes. Lets not go crazy. Melissa okay. Leave the flavors on. A lot has to do with cause and effect whether or not melissa i dont know, it sounded right from former smokers on staff. My life is about 70 unhappier than before. You will live longer and be miserable. Melissa wearing one can increase your chance of getting into an accident. A new study says, drivers around you get a false sense of safety when a cyclist is wearing a helmet, upping the possibility of hitting them. They were saying drivers, you see someone with a helmet on, you get close and less careful. Could be, could be. Melissa more dangerous than without a helmet on. This is anecdotal reports. This is particular neurosurgeon out of england. These helmets do not really protect cycling folks. Melissa they are kind of flimsy. They are are kind of flimsy. There are not a lost standards. Most important argument, use a helmet, is it proper . Are they manufactured under safety guidelines. A lot of times they wear the things. They dont protect you. You fall down and get a concussion. Melissa sometimes seems like the helmet is wearing you for protection. Im not sure they do that much. A lot of people are using bicycles. They have to wear something on their heads. Melissa before i let you go, this one is especially for you as a childhood toy taking a giant leap. Moms around the world getting Something Else to worry about as the pogo stick goes extreme. The hobby once considered about as tough as badminton is the latest trend in action sports. Dr. Manny, will this keep doctors busy melissa i was in central park. Love it. Love it. Melissa you love it . Love it. Melissa talk about not wearing a helmet. That is crazy. Practice like skateboarding. Got to practice. No doubt about it. This is, as long as melissa oh. His arms are broken and ribs broken. Reality show, there you go. Channel 51. There you go. Melissa as long as kids know what theyre doing and practice and. Melissa kids never do crazy things. Well be fine. It will all be good. I may try that. Melissa let me know, so i can bring in a camera. Coming up seattle taking a stand. The new minimum wage now officially highest in the nation but what about the employers that have to pick up the bill . Were talking to one of them coming up next. Plus the doctor makes a house call but not even he could save the apple c