tv The Willis Report FOX Business October 20, 2012 5:00am-6:00am EDT
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sigman, senior vice president for global strategy gup. steven what i will start with you, what happened to your candidate's big mo? >> look at a poll every two mites you see something different. melissa: there i momentum here. there is a trend here. >> i actually don't think that's right. i think the trend at the end this week, ifanything is poind back to the pridt. bu much mre important --. melissa: what poll would that be? >> the po of the "rasmussen poll" today, the ips po today, therist, "wall street journal" pos in wa and wiscons show the president up by six d five points and 18 among women. the polls are going all over the place. what tey really --. melissa: there are a lot of polls. what theyhow is close race. melissa: byron, t yodo you think there is trend for mitt romney? a lot of people do? >> in florida, i think something is going on in florida and woiig in mitt romney's favornow. no doubt about it. he seemso be moving ahead. this is not a big sign of victory. florida for romney is a state you dot win it you
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die. he has to win a lot ofther things other than that florida, if he doesn't ss that bar he doesn't win. this has to b encouraging news as they work iniowa, new hampshire and of course ohio. melissa: dou. gerri: dg was surprised to see what was going on in ohio. "fox ns oll". ahead i canot see that far. this is the tte that romney has to take. >>certainly. there is a lear tightening after the debates. implore data are you seeing the senate race tight as well? th you start to see that
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with the top of the tickt then you have real momentutum. up until nowt is a very tight litical race without cleaevidence one way or another. gerri: the preside makes his sixth appearance calling the death of americans not optimal. >> if more aerans get kied in is not otimal. >> hedid not include the qution he said it i not exactly optimal. but for him to sethat woord in a response? [laughter] am not a oreign policy expert b he politics is the president has taken
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bertrand also owed to a quiet romney t tk to politicizing the issue from practicay before happened to get it wron gerri: many ople would like to debateou on that topic. fox says they have 60 doments from the state department. with the three page cable from chris day bends -- evens saying he is worried abou seurity he, he hasconcerns sounding alarms, lalessness, violce , it is frightening. also cmpining about the security. >> this is t bi del.
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one is the la of security before the attac comomex pressing concern from ambassador. and the storput t after e attacks. both have taken a hit specifically about attacks -- -- the ax and finding out what this california a new. leless than 24 hours later it was a group of guerrillas. it was much mor dangerous than t word opimal gerri: reading a statement from augus 8 >> movigfrom euphoria and backs violent incidents dominate the political landscape. they havebeen organized they're notand crimes o
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opportit tat this metaksa unlike he to b deterred until they are capable. is that we he says? >> he put litics aside there s eviden in advance insufficient urce of ministration that shows no concerned and the tragic loss of life and a failure to cu thembassy and an ability to come up with single coherent story. the story does have legs. gerri: it could be the rean ofthe polls. mitt romney's transition team is workingit officials to come up with a plan and americans not
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havingt pay $3,500 r year. why does the president say clf?ould rather go over th he has made clear. solutely. you have a wrong. he said is willing to go over the fiscal ef to bring republicans to his view of taxes. >> wheney cidd to take the country t t brink of faile in order to meet politi. i'm sure what he is wilng to do with reelected is have a balanced approach including a revenue irease and cuts across the board. gerri: the 500 every family
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has to plug up, hat is your assessment ofosturing on both sides? >> we cannot go over the fiscal cliff. it is a disservice including all thoswho claim to be so coerned. much will be done, of leu aispending cuts. meck 2013 to sortout the shortcu. >>ast night itt romney has the snse ofhumor. >> i am fnaly relaxed to wear what i war around house. [laughter] i haveeen ealy eports om tonight dinne headline, obama embraced by catholics.
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mitt romney dies with th rich people. >> do you want to have a beer with them? >> it was amusing, he was loose and fenty. his r had more edge mo critic of ama. and he made good use of e night to mak a few jokes and the few point. >> mtt romney would ot have aeer. [laughter] gerri: they give for coming. great as always. what do think? ould president obama apologize to those killed in libya calling their death not optimal? a lot more stil com
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but a local tv station in michan reported employees have so little work to do they spend hours playing bod games and watching movies. some are quitting. as a project the company is failing. here is the president to years ago. >> i will put thousands of peopo work including those working at facilities being built in michigan by another battery technology company called a 123. a symbol of where mihin is going, holland and the ited states is going. gerri: as simple program
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america is going? really? lg chem is a career in coming-- company receiving grants from taxpayers. using only 228,000 of tax dollars even though approved at $3 million. althgh struggling financially four yrs, the power conversion devices were and steady demand in 2011. but could not bring that to profitability. and posted losses in through the first six months of 1212. according to the heritage fodation companies that got assistance are going bankrupt and layingople off. look at the list. heritage estimates of the $90 biion of green energy loans and credits
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edits, 10 percent go to companies bank of course circling the drain. either one is too many. precisely what government should not be in the business to pick winners or lose. >> you don't pick the winners and losers. you pick losers. >> increase your retirement savings for next year. but many americans don't have anything at same data all. trying there hardest to win the wind of voters over the last abate. >> but which candidate has what it takes to tackle their issues? we will hearrom ann coulter. e two dividend bursary of the stock market experiencing the worst drop in history. coulthis happen again? r moody's chief economist r moody's chief economist is his report [ male announcer ] you are a business pro.
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gerri:. i amhere ith the average man onhe street. ure you savg gerri: i am here witthee3 average maon the street. use a being in the 401(k)? amex 84 retirement? >> saving for a new car. >> you concerned? >> i am a mom. m >> what poportion of yurion at income?and come >> i try to save 10%.percen gerri: that is good. all the experts say mayb15s or 20 are better if you get olr. you are young.>> ia >> i am very mon.
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illwillnot retire until i'mw 80 years old. >> i am tired now. >> recent study said the >> iage american pays when i did $50,000 over their fetime for the 401(k). 100. >> that is too mh money. gerri: that man thinks americans pay too much money. 150,000 over the course of your life time. a recent survey found seven out of 10 amerans don't ev know ttey pay fees my next guest, chad, the number
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istoo bg? >> absolutely. that is a small condo in florida. gerri: four times as much as annual had come mo hav $25,0 saved. i thk people may vote ere would be a revolt. but the real probl ericans and nosang enough. >> ott-linetere isno immedie gratification. [laughte we hae the microwave society with instant results and we rwarded today. and beieve it is bbological impossibleo think e have a future. gei: i don't know. look at fees just pay a little bit of attenoncan make a big difrence.
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if you have $5,000 and you pay 32 bais points that roughly $160 per fees -- per yeyear. if it calates it is over $1,200. what does that do? >> einstein said compound interest is the wonder of the world. working with you and against you. you dot earn interest on your interest an every year you ve less to earn interest on. it is a mathematical formula you need enter -- illtration. gerri: where youake money your money for you are encourag to save more. there is a huge retirement crisis? >> we have th three legged stool.
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most pople in sixties and ftie have that available. these peop nothave the ability to have a pension. without major adjustmentto lapse and people will not plan on that. gerri: you have to do yourself. the good news the department of labor requires more disclosure. at the veryy least ou should have more inforon to get them under ontrol. what size is reasonable? >> below were the better aff -- blogger event hal of 1%. we need to take advantage of the incentives. there's a certain amount
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thatecomes excessive. what do you think is too much? that is where free-market comes in to offer a different way. gerri: the more informatio the better. contribute as much ayou can i believe it is $7,200,500. it gs up. major e fees is low. gerri: ell your wsite again. some peoplenot have to worry about the biggest names of srts. with th sweep of the near candies the attention turs to the salarief the headlirs. the biggest onracts are baseball players wth o sala cap. number five. of minneso twins.
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the eight year contract $184 million, $142,000 per game. numberour. new york yanes who missed most of the series with a 10 yearontract worth $189 milli. number three and then another $45 millio the home rn derby chapion and detroit tigers headed to thworld series. nine year, to defer to million-dollar contract. numb two. from los angeles signed a contracthis year at ending $240 mlion over 10 years. number one. biggescontract goes o
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al rodriguez. 10 year contactworh $275 million. e yankees still o 114 million. he went three/25 in postason. in 2001 he signed today 2 million coract with fed texas rangers. he s traded eiht years ago. i should hav ben a baseball player. by a milons of ollars are spent on flat scen tvs and waterfalls. the president and rney tried to include women voters are they being pandered? are they being pandered? ♪nn outer tells us next.@ i'm a conservative investor.
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gerri: 30 times tethe word women was said during the bate. both candidates are ou trying to get thwomen's vo but it sounds like pandering. ann coulter author of mud to i wan to start with the view a controversial interview. >> when he was governor he was pro-choice and now is now his against abortion. i wonder where your views are a? taling to the mother's of children who are coming home from bags. >> when you face the mothers
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whose children who have not comeback ow will you explain t them your sons have not gone? [laughter] >> y celebrate its0th wedding anniversaries. >> come on. we wonder hy eght obama collapsed in te frst debate. this is what he is usedo. the president is always a little bit like this but obama is there darling not only a liberal and he is halflack. the affirmative actionn candidate for you wonder why whene is up agains mitt romy he is not so od.
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gerri: he does have kid ove treatment. lk about his approach t women. >> reduce a you are for equal pay for equal work but you refuseto say if u would gn the bill for that, you may have romney and the show. if youo have romnesia obamacaris fre. >>his prsident has failed america is when. they suffer in terms of getting job, flling into poverty, a presidency has not helped america's women. gei:hat matters to women? >> having ajob woud be more useful than frebirth control cents wal-mart sells
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it for $9. gei: $9. $9. mees i think this is from 1965. it inot romney whos the fuddy-duddy. >> equal pay for equal work has been on the bookoksince 1965. this is crazy with the lilly ledbetter act. those rules we honored with t romney administration in massachusetts. every time they tried to hit them it com back hitting harder. now we find out how fantastic he was to promote qualified women wmen were not paid as welin the obama administration were apparently msnbc. [laughter] gerri: i don't know about that. and white house femle staffers earned $11,000
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less. th christina romer said i felt like a piece of meat in the obama administration. [laughter] >> i should not laugh but it is so prepostero fhe democrats to act like ey arthe save years. gerr listen to this man. >> sentor, how we hpe the american autoworkers? >> hold on swee [laughter] >> that is orse than july 10. and wning fell ladies votes with t obnoxious behavior. >>hat is sometng have ner seen. it is so
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metal think i have ever hearda politician call a woman jojournast a suite. >> somebody is below you. with a gift is fine to ca them that if you speak at your own level or above you but not below you. gerri: his defense is he does it all the time. look at the swing mit romney is picking up women voters. >> th economy is of a huge issue. , doesn't matter the numbers they flsh on the screen. but whtever tey say people are t of wor. mitt romney does i realize that.
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gerri: it is notjt short-term. women are putting food on the ble increasingly responble for all finances. >> they know that obamare will kill jobs and kill healthare. you have to be a contributor or donor to get the special treatment. but if not you are screwed. gerri: greato see you. thank you for coming back todaa's drop o wal street of a drop in the bucket from 25 years a today. otr cntroversial pat of obamace has hostal spendi millions on glass screen tvs and other tems. screen tvs and other tems. dr. marc siegel is here. bob...
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service. reward the hospital for getting patientnts to ay we're so happy like it is the l. what happens to medical care? doctors perform a service. i don't care whether the surgeon nice thathe paent to gets go marks for smiling. i hope the surgery goes well e federal government basing on consumer satiaction with medical care is ridiculous. it is too much regulation to much of the fedal government. in ay have ve little say how they're tread. >> lok atthe satisfaction survey. high-scoring hoitals receive nuses and get cash
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athe end of th day the unintended consequence? some kind of pain relieving medication. >> a great point*. you will puthe smiy face on a surve i like t ideto say something positive, 95% of obamacare is negative. they're rewarded fo gng medicatition on time. hospitals suld be timely, rses andoctors should be responsive. you don'to wait for ce but a survey is not reliable. penalizing we admissions and gettg awy from the point* if you deliver a servi you derve to be paid. a cardiologists ge$280
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for geing the at go. us to get 560. if you cutless than half from major svice we try to see patientsaster and not do a good job. gerri: one dr. riding a letter ting to geople galvanized not just for doctors but for patients. >> he is in the swing state ofhio. the jackson health survey says65% of physicns will vote to fou mitt romney. wh y start telliling doctors with a cand cannot do all so afraid f medica independent advisor report. one treatment is better than anher summit is not proven all of those ae in jpardy. >> if the afforble care is
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not socialized medicine t will lead to whip. not say liberal ofession but a government job. >> it will lose quality because phicians c only be great patient by patience. re and more doors who work for lar group of private practi will be extit peple have nowher elo go for ic a big problem for doctorunder obamacare. over regulats. >> and businessmen. >> representing patience. >> i agree. will ben thehow next week. always good to see you. >> what ofthe arest-- of
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microsoft, general electric, a mcdonald's broughta badnd to a goo week of trading. fiial analysts had expected earnis to be lower than this time last year. thfirst deine three yes. they were right. with over 100 companies of us and the reporting down 3.5%. google continued the day after the earnings were accidental released ahead of schedule. black monday 25 years ago today tober 1987. suffering when the biggest crs in history. the dow plummeted 23%. if thaappened today the dow jones industal average woulsink mthanan 3,000 points. are the financial arkets a for now? we have ody's chief econom. jon, was the number one
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percentage loss ever n our history. whatid you make of the drop? >> i was working at moody' %-sittinin front of of my screen. as the dow jones industrial avage and the s&p 500 kept sinking and siin then there was quite a crowd of people round me staring at theame machine that was the blue-green screen ande could not getver what haened. we thought e bottom had fallen out. people immediately after said retned to the 1930's wainevitable. gerri: i wasworing my first business reporng job
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in virginia. the trader was talking to on the phone was cryinbecause he was scare crying. 500 8.does not sound like a lot day but we have drops all the time. much ado to technical glitch. could we lose 23% in one day ? >> never say never. remember the crash of october 87 was par of a byproduct of eltronic type of trading. program trading you had sell, orders autatic t kicking g and. to ptect investors
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gerri: some of that goes on today ith high frequency trading. peopre afraid we he seen big sell-of. >> but recentlthey pull the plug on the so of the problem. october 19 nobody knew which plug to poll gerri: ollng the frrntpe of the "wall street journal" ks are ppluing amid panic. then "e new york time wi the headline acrs the page plungg508 poits 604 err million volumes a lot of people tradi and sce that day. so many people were noteen
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in theket then wer relatively new are have no memory. is that goo? >> we should always have a memory of that dark day. thequity market sell-off but the fuamen and the market could recover rather quickly foon two yea would ss before the equity mamarket return to to the level prior to the crash. gei: the google fiasco from yesterdayyis another nail in the coffin or investor confidence? >> i does not help. how could they trust manageme when it took so long to would mitt the earnings report was out
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♪ gerri:resident oma telling la nht that the deat of fo aicans in libya was not optimal. shoueologize for the comments? here's what ome of your are posting. stuart writes: absolutely. after al these brave americans were his folks. another very poor choice of rds he used in the second debate dwil bert says: a situation that is not the best. well, in my opion the president's respon to this act of war is not only not optimal,
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t a national disgrace. we also asked you, 98% of you said yes 2%aid, no. log on to jerry gerri willis.coe there. finally tonight, he promised to have the most transparent presidency ever, but he's anything but transparent. he's not even bing transparent about his first major pie o legislion, the stimulus, that was pposed bring unemployment to 5%. his ownlaw, h own administration must issue quartey reports on theaw's efs through 2013,ut according to the weekly standard the white house is now four portsbehind schedule releasing thlast o in june of 21. i mean, it makes sense. y would the presint vertise what a cossal waste ofaxper money thestulus law was, just months before a presidential election? that's my two cents more. got a lot coming up on monday. the candidates seto face off in their third ask final debate before the election. wel get a preview with
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republican congressman jason chaftz o utah and republican strategist ed rolns. thaa for joiningus. have a gre night, and we'll see you right back here next ek. ♪ neil: 25 years later still as fresh in my mind as it wathe dayay i covered it. there were a near record mber o people gathering outside the new york stock exchange todato sort of witness history in the makingand the oprtunity to see the incredible dps in the w right before their eyes. >> i want to see whent looks like when it is in this condition and, then i wanted to seehe stock market anyway. >> we want to see a piece of the action i guess, wall street. neil: the end market analysts are steadfastly
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