tv The Willis Report FOX Business April 26, 2013 6:00pm-7:01pm EDT
6:00 pm
everyone. ♪ gerri: hello, everybody, i'm gerri willis. tonight, on "the willis report," another government program gone bust. bailedded out homeowners redefaulting at an alarming rate. also, your under electronic assault. how do you organize your life in the digital age? the ceo of evernote is here to show us. it's almost barbecue season. we go to the road fo the best advice on the hottest grills. we're on the case tonight on "the willis report." our top story tonight, the
6:01 pm
government mortgage fix is this a fix. the federal home affordable modification program, you know it, it's called hamp, sees modified mortgages redefaulting, faulting again at a troubling rate according to a new watchdog report, and the treasury department cannot tell us why. the executive editor at housing wire. jake, great to have you with us. your website is just awesome, great stuff on housing. this story, i have to tell you, deeply troubled me today. what's going on here? >> well, that's the issue, we don't know. the treasury is not telling us, but we know the government, and yet people redefault, and we are not sure why. gerri: this government program was put together with the idea in mind of helping people stay in their homes, and the basic idea is they would extend the
6:02 pm
length of the mortgages or drop the interest rate, and, yet, we're seeing huge numbers of people still not able to pay. what's that tell you about what's going on out there? >> well, it basically tells me it's not working, and we've been telling the government via our website that it's not been working for awhile. this program started back in the late 2009, the numbers in the report are from 2009 and 2010, and then, you know, once the original numbers came out, we then went to hud secretary donovan, had a conversation with him, saying, look, some in the market predict default on this program can go as high as 75%. that's three out of four of modifications will -- gerri: up believable. >> he was incredulous, early in the game, understandable, but in 2010, donovan told my reporters that, no, it will gefer get that
6:03 pm
high. now the cig t.a.r.p. numbers are out, the government agency you mentioned, and theyh past 50% from that time. gerri: we may think there's no way to understand what's going on, but, look, if this program is unsuccessful in helping people, then maybe what we need is a rethink of the program, maybe we need to end the program. >> well, that's absolely a good point because what we're facing now, gerri, is that the program -- the treasurely will stop taking applications for the hamp at the end of the year, but that's only if it's not extended. a lot of the other t.a.r.p. -- >> go ahead, jacob, go ahead. >> a lot of the other t.a.r.p. housing programs have been extended as well, and so there is a big chance the program will not end at the coined date so what cig t.a.r.p. says in this report is that, you know, there's still time to fix this
6:04 pm
thing. gerri: how much time do they want? look, the market's already in recovery at the end of the day, look, this was to help 3 million to 4 million people, 2 million people were in the program, and at the end of the day, we see so many of the folks having problems. there's 3 million right there, 4 million, 2million modifications started, 50% canceled. this is an inspector general report we are talking about, looking over the shoulder of government saying, hey, this is not working. i guess, you know, what gets to me jacob, is these are our taxpayer dollars r at seems we are wasting them despite the fact what we use them for we know doesn't work. should the government back out of the programs? >> well, absolutely, look for app exit strategy when something as greatly as hamp is.
6:05 pm
the report mentioned that the point of -- the entire point of having an inspector general is to ensure the taxpayer money is not wasted. what we are seeing happening is that when one of the mortgage modifications default, what happens is the servicers who are paid a fee for modifying it just modify it again so they end up just turning these poor borrowers in a hamp blender that just doesn't ever stop, and there's a lot of other funded programs you can use. there's cash for keys if they need a grateful exit strategy, and they are not used, and the treasury is not saying why they are not used to a much further degree. the money's there. congress has given t.a.r.p. the money. we know this, and the money has to be well spent, and this report, gerri, is that this money is not well spent.
6:06 pm
gerri: the hamp bleepedder, jay cor, you're awesome. thanks for the help explaning it there. i think people got it. if you didn't, you certainly got it there. thank you for your help. >> thank you very much. gerri: the fda says it's almost powerless to protect us from dangerous drugs produced from what they call compounding pharmacies. we talked about this. this may change soon. a new bipartisan senate bill gives the food and drug administration control over certain compounding pharmacies. here to weigh in, grace marie turner, thanks for coming in. it is great to have you here, and just to remind people, late last year, 50 people died, 700 people were made sick by drugs that came out of one of these compounding pharmacies. it was a huge scandal, and now, today, congress coming up with legislation, it's only getting
6:07 pm
started to fix this problem. do you think congress is going far enough with the proposal on the table? >> i do because they are particularly targeting these large manufacturing facilities, but are really masker raiding the pharmacies. they are legitimate pharmacies that take a medication to fit it to a prescription from a doctor. somebody's alermingic to a ingredient or need another form, but what this facility in massachusetts had done was produce on a large scale a sterile injectable drug and sell it across state lines, they were a pharmaceutical manufacturing facility, not an individual specialty compounding pharmacy. gerri: exactly. well, the problem is they are
6:08 pm
not the only ones with the problem. subsequent research shows problems that compounding pharmacies all over the country, all doing this, many of them have problems. the states are to be watching. they are not watching. we showed you there's 3,000 of these nationwide. here's something the office put out. on average, states employee just five inspectors with responsibility to inspect all pharmacies, and there are thousands of these. are you confident that we can fix this problem? do you think that congress will really -- i mean, face it, congress has a dismal record with fixing problems. do you think they can fix this? >> well, if they start by targeting these very large manufacturing facilities that are not regulated now by the fda, and as you say, the states don't have the manpower to really regulate or do oversight, the fda recently went to 30 of the facilities, and it found
6:09 pm
problems in many of them. people with torn gloves, clean rooms that were not really clean. when you go to an fda regulating facility, they are amazing, these sterile environments, and these people, because they call themselves "compounders," get around this and are not regulated by the fda and states don't have the resources to do is, so the fda needs resources to add this to its list of pharmacies they look at. gerri: i'm not in favor of the federal government expanding, but you have to regulate facilities. fifty people died in depth because of this, 700 people fighting this still in some cases. another phak here to explain to the viewers what the problems are here. 22 state boards of pharmacies do not keep any historical inspection records, so not only do they have no inspectors, they don't keep records, and you don't have to have a license,
6:10 pm
really, to do this, so it, you know, the lack of oversight is astonishing, and we really paid the price. last word here, grace marie? >> they do need to be licensed by the state, but the federal government, that's what the fda does is regulate the manufacturerring of large batches of pharmaceutical. this is a job for the fda and the states to then focus op smaller pharmacies that have been within their jurisdiction. gerri: thank you for coming on, great to see you, and thank you for the help. appreciate it. >> thank you. gerri: a lot more coming up, just starting including the best gas grills for your money. you don't want to miss that. it's a ton of fun. ceo of one of my favorite apps. i can't wait for you to meet him, changed the way i organize myself. stay with us. ♪ [ female announcer ] everything that goes into a lennox system
6:12 pm
is engineered for comfort. like parts thacreate the perfect temperature and humidity or the parts that purify the r. together these parts can cut your heating and cooling bills in half. that's comforting. call now to get up to sixteen hundred dollars back or 12 months deferred interest on select lennox home comfort systems. offer ends june 14th. plus download our free lennox mobile app with energy-savings calculator. lennox. innovation never felt so good.
6:14 pm
gerri: we have a fox business alert for you now. daily deals site, livingsocial, has been hacked. the massive cyber attack hitting 50 million users worldwide. the information accessed includes names, e-mail addresses, birthdays, and encrypted passwords. unbelievable. the company is e-mails customers affected telling users to reset their passwords, the credit card and other financial information was not accessed in the attack, even so, i would change the password right now if you have not already. on to another technical issue. each and every day, we're constantly hit with information from the schedule for your kids' play dates, landscrapers' phone numbers, spreadsheets for work seeming impossible to make sense of the blizzard of information. today, i hit the streets of new york to ask people if they often feel overwhelmed. here's what they told me. >> well, i'm in i.t. so that's my job; right?
6:15 pm
so i'm not -- i'm perpetchewablely overrealmed. that's how it is. you cope with it. >> there's a lot of things i'm overwhelmedded about. >> tell me. >> home, job, world, children, money. >> how do you guys organize all of this stuff? >> well, there's a thing called yellow note sticky pad -- [laughter] do you remember those? do you know what those are? i write on those. >> i try to use all these wonderful tools you have these days to help my life, like my phone. i use icount all the time for little reminders here and there. gerri: technology is changing the way people control their hectic lives. how do you organize everything? the next guest, very popular app helps you to do that. evernote, phil, thank you so much for coming on this show, very excited to have you here.
6:16 pm
>> thank you, gerri. gerri: it's a way of life, and those into itre really into it. give us the 101 on evernote. >> well, we built it to be your second brain, basically something to help you cope with the flood of information that's coming at you, your home life and personal life, lets you be productive without having to do too much other stuff. gerri: sometimes it's my first brain too, not just the second brain, but the first brain. what you do, you take notes in it, take pictures. recently, i was having furniture we done, took pictures of the furniture to take to the apologister. do anything you want to there. record voice reminders, on and on. how many people are doing this now? >> more than 50 million. in fact, we're coming up on 60 million pretty soon. we've been really pleased at how well it's been adopted because, you know, unlike almost every other popular app right now, it's not social. in fact, it's the antedote to
6:17 pm
everything else being social. it's not for your friends. it's just for you to get your own life in order, but with that, we grow quickly. gerri: it's interesting. you said something about facebook about how it's the face you show other people, and evernote is the face for yourself to remember everything. take notes in it, organize it with tags. that's the real lifesaver because you tag every note from phone numbers to news stories, and, later, it's easy to find. now, there's a whole world that's grown up around evernote. there's books. i read a book to learn how to use it. are you shocked at how this thing's taken off? >> well, on the one hand, not shocked at all because it basically exactly what we told investors in the business plan came to pass, on the other hand, i am shocked it came true. projections happened to be right, and surprised as anyone. gerri: you are honest, shocking.
6:18 pm
tell me how would that be different from my personal evernote. how do you use it differently? >> two-thirds of the existing users were using evernote at work. everynote is for the modern worker, someone who is always thinking about work stuff but always thinking about family stuff and personal stuff and we made evernote business so companies could use it efficiently to make employees productive and happier. we try to have the same experience, except something that you can apply to your team, to your work groups, collaborate better, use it with the employees, make the company smarter. gerri: brilliant insight is everything in the life overlaps; right? you're always doing things that are personal, that are part of the business. it all comes together. you can't really separate them out, and evernote helps you do that. as you look forward, where do you see evernote going from here? >> well, the real idea is to
6:19 pm
push it, work, life, integration. they tried to work, life, balance, but that's an old idea. happy and productive comes in being able to do everything integrated, together, using it for the personal life and work life and being better in both. we're pushing on this idea of work life integration adding features that give you ways to use it productively at the office and all perm -- personal activities. >> what i'm concerned about, and i know the viewers are too, is all the hacking that's going on and all the information that is stolen. here, there's a business model where information could compromised in some way. what do you think of it? >> it's important. everything going on now with security is important to pay attention to. what you said before the segment was right. people should not be reusing the password on multiple sites. it's important.
6:20 pm
i'm an optimist. i think it gets belter quickly because i think everyone in the industry is waking up in the new reality of thing, and a lot of companies are working to the behind the scenes to make the security aspect better, but even more important than the security and hacking is the privacy access. it's what the company do with the information. here i think we have great position. everything on evernote is private. it's not ours. we don't look at it. we don't data mine it. we don't sell it to advertisers. everything is yours. gerri: love to hear that. one more question for you. i'm being wrapped here, but one other thing. how important is it that users contribute to evernote's evolution? >> oh, it's super important. we built it for us, something that we could use ourselves, and the definition of who we are in a company grows to encompass all the biggest supporters. we get tons of feedback from people, and it sets the product
6:21 pm
direction. if any of the viewers have direct complaints about how to make it better, i want to hear about them. gerri: well, a pleasure to meet you, and thank you for such a great app. love it. >> thank you so much. gerri: serious, i use that app. all right, what do you think? here's the question tonight. do you feel overwhelmed with information on the daily basis? log on, vote on the right-hand side of the screen, and i'll share results at the end of tonight's show. another fox business alert. h&r block is sorry for the recent tax filing snafu. you remember the biggest tax preparer botched more than 600,000 tarks returns. remember that? delayed refunds for those claiming education credits. to make up for it, the company offers $25 gift cards to all those affected. the company says the refund accounting for process delays and thanks customers for the patients. they may have had in patience. it did not say how many people
6:22 pm
receive the gift cards. coming up, new economic numbers out, go beyond the headlines to ask are we already in another recession, and later in the show, we go in fashion. we sit down with a woman who invented the nail polish craze and became an more than icon in the process. stay with us. ♪ il and buzz: for teachings that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best exriences below... to the fest comforts above. we're not simply saluting history... we're making it.
6:24 pm
6:26 pm
quarter, but there's signs the rest of theyear it's worse than expected. joining me, university of maryland professor, peter. professor, i got to tell you, i can't believe we're still at 2.5%. this was really disappointing. what do you think of the numbers? >> well, the numbers are much worse than 2.5. that was just inventory adjustment. in terms of sustainable demand, it's growing less than 2.5% year, most expect less than 2% in the second quarter, some estimates as low as one. gerri: the unemployment problem, growth below 2.5%, for sure. i read the note this morning, saying about how january and february were decent, but by the time we got to march, boy, it deteriorates. why? >> well, in january, we had all the bonuses paid at the end of the year to beat the higher taxes so people spent them, but when we got into february and march, the higher payroll tax
6:27 pm
started to affect consumer behavior. that doesn't happen immediately. people start to put gas in the cars and feed their kids, but they realign the budgets, less take home pay, 160 billion tax increase. you know, mr. obama likes to blame sequester for the problems, but there's $160 billion increase, more than 1 mcof gdp. that's a big impact. gerri: peter, do you think that businesses are still in that mote where they are reluctant to spend? we talked about that at the end of the yearings but i don't see a lot of comfort in what's going op, i don't see a lot of confidence from business leaders. what do you think? >> well, they are frustrated. certainly, the data indicates they don't have confidence, and business spending was not robust, and it was subdued, you know, on new capital equipment, and they complained to deaf ears about the more onerous
6:28 pm
legislations by the administration. around town, there's lawyers working in the government all their lives saying they are tired to hear business mep wine. that comes with having a nice steady government paycheck. gear gerri willis you're not kidding. isn't that part of the problem, fundamentally? congress in particular, and the white house specifically have such a lose understanding, they really don't understand what makes it tick and go. >> in congress, people ran businesses, and they do have some understanding in the senate and house, but the administration, i mean, it's populated by people who hardly ever earned an honest nickel in the private sector. i mean, when did barack obama do anything in the private sector? he didn't. that's a problem. there's a big difference. forget obama against the two bushes. what about obama against clinton? mr. clinton understood that national power, national
6:29 pm
prosperity began with the private sector. mr. obama, his whole world view is more government, more regulation, that's how jobs are created, the french model. gerri: the french model, works, oh so well, my friend. >> yes. gerri: thanks for coming on, have a great friday and weekend. >> you too, take care. gerri: well, time for stories trending on foxbusiness.com. tonight, that weak gdp report weighs on the market today, dow up 111 points today. the s&p 500 snapped a five-day winning streak. consumers less optimistic about the overall economy, no surprise there. the university of michigan consumer sentiment index down to a three month low. about the only things keeping spending up now, rising home values, and the recent highs in the stock market. relief for air travelers on the way. hallelujah; right? passing a bill to get air traffic controllers back to work giving the faa power to shift
6:30 pm
money around and pay furloughed workers. americans spend six hours a day on social media, more than any other country in the world according to a new report from the credit reporting company who knows because they look over our shoulders, and those are some of the stories trending tonight on foxbusiness.com. coming up later in the show, the fight over permanent alimony. is it finally ending? just in time for barbecue season, we test grills with consumer reports. you want to see. that we'll be right back. ♪ z nlike most copd medications, advair contains both an anti-inflammatory
6:31 pm
and a long-acting bronchodilator working together to help improve your lung fution all day. advair won't replace fast-acting inhalers for sudden symptoms and should not bused more than twice a day. peoe with copd taking advair may have a higher chance of pneumonia. advair may incrse your risk of osteoporosis some eye prlems. tell your doctor if you have a heart condition or high blood pressure before taking advair. ask your doctor if including advair could help improve your lung function. [ male announcer ] advair diskus fluticasone propionate and salmeterol inhalation powder. get your first prescription free and save on refills at advaircopd.com.
6:33 pm
6:34 pm
this spring ending permanent alimony. now, the overhaul caps the amount making it easier to terminate payments upon retirement. joining me now, fox news analyst and celebrity divorce lawyer, the founding partner of kesler and -- randy, you say that for me. he's in atlanta. i will start with you, randy. >> all right. gerri: what do you think of the law? go over the basics. it ends perm b innocent alimony and caps awards. what's the other important features of the bill as you see it? >> well, first of all, it's hard to analyze it in a quick sound bite because it's a controversial bill with a lot of moving parts, but it's a law to say, judges, you can't award as much alimony as you did in the past. men are stuck with alimony suffering, you know, children are the first victims, dependent
6:35 pm
spouses the second, but wage earners who can't afford to pay are victims. gerri: child support is not a part of it. child support is not affected by this. >> right. >> what it does is give the judges more lee way because it says that if you is a short term marriage, and in florida they cat categorize that with below 11 years, you're not obligated to pay alimony forever, ever, and ever. massachusetts has the low characterizing short term marriages as five years working well in massachusetts, don't you think? >> well, i don't know that it's worked that well. what i don't like is the presumption. when you walk in court, everybody should be equal. the law says there's a presumption. if it's a short term marriage, there should be no alimony. the judge doesn't know the situation until they walk in. gerri: well, it's not -- >> it's not no alimony, but caps it off at a certain number, percentage point, that's all. >> well -- gerri: hang on a second, guys. we're stuck in the weeds.
6:36 pm
the basics, we don't have to stick with a law. should a personal's financial obligations to their spouse end when the marriage does? randy, to you first. >> no. you know, there's thousands of situations and thousands of couples, and every situation's different. sometimes, that's it. what if they spent the marital money, but the rich spouse earns $200,000 a year and poor spouse earns nothing. if the way to even it up is pay alimony, in this case, it's not bad. >> i don't disagree with that at all, shouldn't end with the marriage. maybe the wife stays home, the husband stays home, supports the kids, that's the agreement they have so they should be supported, but forever and ever? that's what we say here is maybe it's not forever and ever, maybe there's a cutoff point depending on the years of the marriage. it just is giving the judge a little bit more leeway in this. gerri: well i, i think you both support that. is alimony outdated is that
6:37 pm
whole idea, many women earn more than the husbands now, may it have seen its best days already? >> i think it's been on the way out for a long time. lifetime alimony going away, but women pay it too. it depends on the facts of the case. what if one couple, one side i'm not going to work, raise the kids, you get the career. the marriage ends. the other is years behind. catch up. lifetime permanent alimony should go, but rehabilitative alimony is important. >> we agree. gerri: thanks come coming on. it's an interesting question, the whole idea of alimony and whether it should be paid out. - don't think we have the chance to put up this information, 8.2 billion in alimony paid in 2011. look at that. that's a lot of dough, my friends. appreciate your time. all right. up next, summer's not too far
6:38 pm
6:40 pm
understa my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm th scottrade. (annncer) scottrade. voted "best investment services company."
6:41 pm
gerri: summertime around the corner, time for grilling. at the consumer reports testing facility in new york looking at grills. here to help me do it all is celia writing the story on the grills with what grills to look for. start us out with, why gas? >> goose -- gas is convenient. temperature minutes of preheating, and you are ready to cook o pose to charcoal. you have to wait a long time.
6:42 pm
gerri: are there deals? this is the time people buy, prices might be high. >> actually, it's a good time for deals because the manufacturers are producing models, the stores stock them up, and sales have been flat for grills. they are offering deals to get you to buy one. gerri: you can literally spend anything you want to on a grill. does the higher price mean higher quality? >> no, not at all, and it actually doesn't mean better performance because we see different prices in diiferent ratings, the lowest priced grills are pretty good, and some high pressed one are not. there's three grills, and we'll start with the medium sized, the most popular. what kinds of things shough we look for in the medium sized grill. >> what you look for, and this is for any sized grill, look for certain features, something with an electronic igniter because they start reliably and work better.
6:43 pm
you also want to look at the grill itself. you want to see how sturdy it is. you want to look for rounded corners so you are not going to have anything to bump into it. wuches you're in the grill, the most important thing to look at is the surface here. you want to match that to about how many people you generally cook for. >> that's the typical rule of thumb? >> this is a medium sized grill fitting 15-30 burgers. that's a good way. gerri: all about the party. >> all about the party and how many people you usually eed. look at what the grates are made out of. these are stainless steel. they do a great job of sering foods and also hold cooking temperatures even, and stainless is durable. gerri: all right. great stuff. look at the small grill. >> sure. gerri: okay. if you're not in the market for, what are you talk about here? >> this with small one, you're talking about 10-15 burgers. this is a good grill for, like, a couple, one kid, and you can
6:44 pm
always cook in stages, again, here it's a grill with electronic igniter, one that's sturdy, one -- this has cast iron grates, good at sering and keeping your food at a consistent temperature. you have to be gentler cleaning them not to scratch the coating. gerri: i have a question. the problem i have with grirls is they heat unevenly. there's hot and cool spots. what do you do about that? >> buy a top ratedded grill. that's one of the most important things we test for. we test to see how evenly the cooking surface heats up, and we test it for even heating on high and even heating on low. gerri: all right. look at the big one. >> yeah. gerri: big data, the big kahuna. wow. how many burgers? >> 30 # or more. this is a grill you get a lot of burgers on. again, you are looking at
6:45 pm
electronic igniters, cast iron, and burners, and what you are also getting, too, and you saw that in the others, you get tables for prep on the side. that is nice to have. put the pots down, and -- >> absolutely. you need the extra space to have in the kitchening you don't have otherwise. >> right. some grills have fold out tables, and so there's things to look for. gerri: you had a great idea for people who put the grills out on the deck. there's a fire hazard there; right? >> that's right. it's a simple one to take care of. by fireproof mats to put under the grills issue and that's a really good idea. gerri: great idea. last word here. we cover our grill even though it's stainless steal, do you recommend that? >> we do recommend a cover, but be sure the cover itself has vents and air holes so moisture does not stay under the grill
6:46 pm
for it to rust. it's generally a good idea. >> thanks for the time. >> appreciate it. gerri: it's friday. we're going in fashion. up next, a look at the billion dollar industry of nail polish with the first lady of nails. for seeing your business in a whole new way. for seeing what cash is coming in and going out... so you can understand every angle of your cash flow- last week, this month, and even next year. for seeing your business's cash flow like never before, introducing cash flow insight powered by pnc cfo. a suite of online tools that lets you turn insight into action. neil and buzz: for teaching us that you can't create the future... by clinging to the past. and wi that: you're history. instead of looking behind...
6:47 pm
delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making i gerri: what's in fashion for nail polish? opi is here to show the latest collections and must-have colors for pring.
6:49 pm
6:50 pm
company's influence on women. >> it's exciting. it's affordable luxury, andt's a psychoanalysis. gerri: to that point, your most famous color is called "i'm not really a waitress," that's funny, a sense of humor with the products. where does that come from? >> we reinvented the categories in 1989, it was just a name and color making it inspirational, sexy, and fun, and the names are part of the iconic brand of opi. gerri: how the company started, your inspiration in the first place is interesting. tell us. >> comes from the professional side of the salon business, and we were in the dental business. gerri: how can you be in the dental business and nail products? >> if you remember in the 80 #s, artificial nail extensions were made from acrylics, similar to
6:51 pm
the dentures. there's a correlation. and it's more fun to work with nail technicians than dentists. they are so boring. gerri: you moved on. >> we moved on, and so we service the professional side of the business, and in 89, the company was growing and realize we need to get to the consumer. i wanted to be the starbucks of nailpolish. gerri: bow did you do it. you're everywhere. you have teamed up, really, with the entertainment industry. there's james bond nail polish. the wizard of oz, that new movie, oz, you have nail polishes around that. how important is it to selling new colors to have some entertainment connection? >> it's very important. you know, people ask what i do every day. i go to work to excite the consumer every single day, by doing movie collaborations, and celebrity collaboration, it makes it more as per rational. you want to be somebody, and
6:52 pm
through a bottle of opi, you achieve that. it's your first entry into something as per rational. maybe you can afford the new designer top, but you can afford opi. gerri: we talked about lipstick in this way, and there used to be an index to give you a clue about how consumers were feeling. now it's the nail polish index. >> absolutely, and it's really that affordable luxury. you know, people may not buy the high ticket items, but average person needs that get away. she needs, you know, to self-express. she need to have fun at the end of the day. gerri: what blows me away are the new colors are dark. they are like this, blue, you're wearing this purple color. there's this. this is brand spanking new, and normally, we don't have this thing. >> nothing is taboo today. color is all about wearing color, and you can go from dark to light and anything in between. again, at the end of the day, i
6:53 pm
say, just have fun with color and experiment. try something. gerri: where do you get inspiration for the colors? i see glitterrer, dark colors, and light colors. >> i look at fashion. fashion predictions a couple years out, travel to certain destinations. for spring, i went to countries, hungry, czech republic, romania, and poland. you know, my color is you're such a budapest. inspirations come from geographic locations. for example, coat matte is a huge trend now, gives a great easy nail art to do, you know, shiny and matte, and textures, it's all about textures. gerri: i'm blown awe. i think we have every color in the rain bow in front of us. appreciate you coming in. thank you so much. thanks for the products so we can see what you are doing. >> my pleasure.
6:54 pm
this has been great. gerri: opi is known for being a made in america brand, but she's the qint sensual american dream. the daughter of holocaust survvvor susie born in communism hungry. she immigrated in new york as a young girl. in new york, she went from working in a factory putting tags on tops for a clothing company to a successful career in the gar met industry. in 1981 #, moved to los angeles working for a dental supply company that turned into the opi empire. the american dream. no kidding. well, here's another update. twinking the prize customers in luck. hostess reopening doors in four bakeries across the country, and one says the goodies will be as dlirks -- delicious and fattening as ever. they invest and plans to hire 1500 workers, and they will not be unionized. of course, they employed 18,000
6:55 pm
nationwide before filing for bankruptcy in 2012. the four factories returned to production located in kansas, indiana, georgia, and illinois. you can expect twinkies back on store shelf this july. we'll be right back with my two cents more and the answer to the question of the day, do you feel overwhelmed with information on a daily basis? i do. ♪ at od, whatever business you're in, that's the business we're in wi premium service like one of the best on-time delivery records and a low claims ratio, we do whatever it takes to make your busess our business.
6:56 pm
od. helping the world keep promises. how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪
6:57 pm
6:58 pm
the 2014 e-class. it doesn't just see the future. it is the future. gerri: every day we're inundated with information earlier i spoke with phil liven to get his intake. we're asked if you are overwhelmed on a daily basis with info, here is what you are posting on my facebook page. >> without a doubt. >> yes, but without a choice. 43% of you said yes, 57% said you got it under control, and tonight.
6:59 pm
it has been a sad day in world of country music, lost one of its legendary stars george jones. has passed away at able of 81, known at the man with the golden voice, a career spanning over 50 years, jones had more country hits than and other artists releasing 150 albums and a number one hit in every decade issue his biggest hit, "he stopped loving her today" but the song you are about hear is my personal favorite. >> we're gonna hold on ♪ we're gonna hold on ♪ gerri: hold on, dolly parton treated today, said my heart is absolutely broken, george jones was one of my all-times favorite singer and people in the world, me took his legacy will live on,
7:00 pm
that is my two cents more. that is tonight's willis report, thank you for joining us, have a great week, and dvr the show, if you can't catch us live, have a great evening. lou: good evening confusing messages from the white house, president obama walks back from his red line decree on syrian use of chemical weapons. this aftee u.s. intelligence sources yesterday reported that on at least two occasions, assad regime had used seron gas on its population, the president instead laying out another red line for the assad regime, that is already slaughtered tens of thousands of its civilians. >> horrific as it is, when mortars are fired
74 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on