thank you. john kingston of platts, that assault money we into the for you, stay tune on fox business for continuing updates on the devastating. willis report is next. >> i am gerri willis on the willis report. >> your medical privacy at risk, we have a special investigation to what is happening to your medical record, and irs said it will not have access to your med cad -- medical record in the age of obamacare, are they telling the truth? are consumers getting the truth when it comes to sun screen? we're on the face tonight in the willis report. >> we are following a breaking news story out of oklahoma city, a mile-wide tornado struck

suburbs south of oklahoma city, there is extensive damage to buildings and homes in the moore, oklahoma area. some people are trapped in wreckage, emergency crews are trying to reach them. residents did get an advance warning many had already taken cover, two schools were in the path. police say one of the schools took a direct hit, no word on injuries. national weather sr. vice said that the tornado that struck this afternoon was show big, so big that people may not have recognized it as a twister, more severe weather is forecast for tonight and tomorrow, and we'll continue to monetary the story throughout the hour. also tonight if is an issue we're devoting a week to, your private medical date action posed out there for the highest bid irk, a new lawsuits is alleges irs properly seized

60 million medical records from 10 million americans that include sensitive information on victim psychological states, sexual and drug related treatments. and for alleged corruption abuse of power by top government officials runs deeper, we begin our week-long session of growing risk of your medical records, and what you can do to protect yourself, joins me now, our badge up panel. -- bang up panel. deborah peal to you first, what are people trying to buy and why do they want this information? >> people are trying to buy health information for a lot of purposes we know about. and many that we don't. some people want to use the information to sell us products, that is one thing. but the far more dangerous problem is the use of this information by employers, banks,

insurers and others who can make decisions about us that will be harmful to our jobs or our future. >> many people tell me, you have to throw up your hands all of your information is out there, what do you say? >> that is not right, medical information most people will agree is, among the most sensitive information we. have we tell things in confidence to your doctors and health care providers, we expect that to be kept that way, dr. peal is correct, that information taken out of context can hurt new a job setting or trying to get a loin or a lot of situation, i don't think that people should have to wore about, that medical privacy needs to be protected. >> an interesting thing about this, people buying this information, it can include a perspective employer, let's say have you been out of work, you

need a job that perspective employer finds out you failed a precancer screening test that could ruin your chances for getting a job, dr. peal, tell us about how valuable this information is. >> well, we know that the most valuable information about in the digital age is anything about your mind or your body. so for example we know that social security number can be bought for somewhere between 50-cents and $5 a piece, but anything about your health goes for sale on a scale of about $14 to $55. this is the most important information. dennis: unbelieveable. >> yes. >> you know, mark, we were looking at who buys this stuff, doctors in hospitals created information insurance companies retail pharmacies and managers. retailers, marketing companies, you look at this, thing wasn't

hippa supposed to protects us. >> that is antic clean point, congress tried to create regulations if health record information, they could not pass a law they asked health and human services, federal agency to issue regulations, they came out, they are not as strong as they need to be, they tried to strengthen them a little bit this year, but there has been a real push back in particular pharmaceutical industry, they want access to that moment, it is left americans far more exposed than they would think because of this detail of that information. it is really shocks. >> well, and you know, the more like at this the more disturbing it is. you men i should bed earlier get -- mentioned earlier getting a back loan, something as

innocuous as a pharmacy loyalty card can be a problem. here is what targets web site said about their pharmacy rewards program, if information used or de disclosed is rediscld it may no longer be subject to hippa protection, what do you make of that? >> sounds like target saying we don't have to live by the law. they don't. but interesting thing, jerry is. hipaa allows most of the companies. and agencies that hold our health information right now. to use and disclose and sell it without our consent. this is actually a warning, that they will do that redisclose means they are going to send it to people we would not expect to have it and would not want to have it.

>> well, mark, i hate to ask, but if i was an identity thief that would be a very exciting moment for me, are people out there trying to figure out how to use this information. >> it is very valuable information even the companies that use the information, for what we might consider accept ale purposes, sill run a very -- still run a serious risk of security breaches there are more stories about prescription record information, diagnostic information, other medical information, that gets hacked that gets disclosed that people walk out with. and i think this is a reminder, even to the company companies that we'd -- to the good companies we'll need stronger protects in place. this is just too attractive for identity thieves. >> not like with regular old fashion i.d. theft they had access to your bank account now

maybe to the insurer's bank account. deb and mark thank you so much have a great job, fascinating conversation, thank you so much. >> now we want to know what you think. here is our uestion, are your medical records properly protected, log on to gerriwillis.com, vote on the right-hand side of the screen, i'll show the results at the end of tonight's show, coming up. pan dixon of world privacy fore sum herforumis here is break dol identity theft. >>by have a lot more coming this hour, a coun a consumer warningh care may soon stop covering hospital stays, i kid you not, thank you, obamacare. don't go away.

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gerri: the irs will play a big part in enforcing obamacare. many americans are asking, if it can be trusted with our medical records, with us cilia big low. with america majority act, imlooking forward to this conversation, i want to respond to an erg an exchange between se miller, and jim mcdermott. >> irs can't access your medical files, is that true mr. miller? >> correct, sir. >> they cannot find out your private meda medical informatio?

>> that's correct sir. gerri: really? do you think miller is telling the truth? >> i do not, it has been a chief concern, among many lawmakers, the irs and this administration have been stressing they cannot access the medical records it has been chief concern they will be ale. to senator rand paul had concerns about this, he is a physician he is very familiar with medical industry, he is concerned they will be able to access your medical records. gerri: let's talk about what they have access to. they claim they have to know if you have insurance. what kind of insurance you have, if you have a baby or major life change, you have to tell the irs. what else are they going to have access to? >> very unclear at this point. with the vast expansion of med camedical having and fact that

many of the ruling and regulations have not been written yet, we have to ut that in perspective, say a lot of rules have not been written yet, who knows what they will be able to access. gerri: the big breaking story circumstance irs accused of targets conservative groups, and everyone thinks this is a bad idea. does it concern that you person who organized that is now going to be in charge of organizing obamacare for the irs, what do you say to that? >> that is unbelieveable, everyone should be concerned. this is not a partisan issue any more they have violated first amendment and 4 amendment. with the seizing of medical records, fact that sarah hall ingram was advising that department during will targets of conservative religious groups, what gives us the trust

in the irs that they are not going to -- they will lawfully imminent obamacare come 2011, when they are granded more power. gerri: beyond obamacare, you take 5 steps back. democrats now calling the law a train wreck. what is the future for this health care law? >> i -- with -- it is already a train wreck fiscally, we're seeing rise in premium, and young americans we see 200% rise in premiums alone. but fact that people who -- it has not been anninvestigation into irs scandal, what give us us the trust they will be ale toy, am this lawfully. -- to be able to employment this lawfully, it is a derailed train. >> well, we have a long way to go, we'll be covering this all

the way cilia thank you. >> thank you. gerri: later in the show we'll update you on where gas prices are headed this holiday weekend, another consent of obamacare, more and more employers offer just bare bone healthy plan, it could be you at your employer next. i'm so glad you called. thank you.

we're not in london, are we? no. why? apparently my debit card is. what? i know. don't worry, we have cancelled your old cd. great. thank you. in addition to us monitoring ur accounts for unusual activity, you could so setp free accou alerts. okay. [ female announcer ] at wells fargo we're working around the clock to help protect your money and financial information. here's your temporary card. welcome back. how was london? [ female announcer ] when people talk, great things happe gerri: employers may soon offer limited while plans. -- health plans.

gerri: code blue on your employer while insurance, "wall street journal" reporting that employers are considering offering bare bone, skinny health care plan to avoid obamacare penalty, with more on this. ceo of vital springs technologies. dr. p, you said it will not cover our ambulance ride on the hospital. what do you mean? >> i'm going to give you an example, of how this is going to play out. suppose that i am an employee of a company, that has taken on what is called this affordable minimum coverage on the benefits, god forbid something happens to me, i get in a car crash, the ambulance costs, if i need surgery, and any hospital cost would be on my dime, the employer would ot cover, that the trickier part if my employer still provides that minimal coverage, and i try to go to the exchanges i am not entitled to

get the government subsidy, these loopholes -- >> like double jeopardy, this is an unintended consequence of obamacare, the way that law is written companies with a lot the employees at low wage need an out, they pay a couple grand a pop if they do not provide some coverage, this is the out, how so? >> it will probably be cheaper to go that route for employees do that do not stick around long enough. you know employees stay for a year in the retail industry and fast-food, it does not make much economic sense to make the investment for some of the employers and expensive benefits, they do the bare minimum. but that min 34u78 i minimum iss a proxy for getting it and covering what you need. gerri: what does this mean for consumers? for the people who are covered by the so-called skinny plans.

>> you pay more. because, the exchanges are going to end up costing you more, if you can't get the subsidy and; ifer uses this loophole it means costs are going up or consumers will show up in the emergency room, because they don't have insurance, then you know, i say this all of the time, we're back to square one. gerri: let me tell you this is crazy, the policies will cost $ 40 to $100 per month per employee. far lower than penalty, it seems that would put more pressure on the insurance exchanges that government is trying to set up? >> it will put more pressure in terms of the number of people so the costs are going to go up, budget expenses right now, for putting up the exchanges, we have talk about this, are not

add equipment you wiladequate, t needing enough insurance carriers in a given market is provide affordable policies fors consumers, this will be some of the sickest people that need the coverage that the fine it very difficult to find it. gerri: a lose-lose situation, thank you obamacare, another win are in the great revelation 92 92 in health care, unbelieveable. >> thank you. >> time for a look at stories you are clicking on, on fox business.com. russell index is up 18% this year. more than dow or s&p, yahoo! buying on line blogging forum tumbler.

and the dreamliner, flies again, united airline 787 was back in the air today from houston to chicago. they were grouped for 4 months because of smoldering batteries, and supreme court agreeing to hear appeals from two former fidelity workers who claim they were fired for whistle-blower activities, now the high court will decide. and those are some hot stories right now on fox business. >> we got more coming up, are consumers getting straight talk with sun screen? gas prices may be lower an analysts predicted. is it enough to get consumers spending again. interesting study, we'll share the results coming up. thank you orville anwilbur...

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♪ gerri: we want to go back to that breaking news story of obama's city, a mile-wide tornado struck the suburbs south of oklahoma city. devastation across some white area. people say folks are trapped in damaged homes and buildings. emergency crews are trying to reason. at least two schools were in th path of the tornado. one of them took a direct hit, so we're watching this story in giving newwpictures as we get them. no word on any injuries. residents to get advanced warning, many had already takin cover. the national weather service said the tornado had winds up t 200 miles-per-hour, more severe weather forecasting efforts and and and tomorrow and we will update you on this is as we get it dropped the show and will be covering it throughout the evening. welcome back to "the willis report". coming up, gas prices are

impacting our economy if. first, there is no sign of an end to the three mushroom scandals. over the weekend the white hous senior adviser was tasked with lending the damage. that the facts are irrelevant and it appears to have done mor harm than good. as lou dobbs pointed out, the administration is to stop distorting the facts. >> we're not quite to be able t do this alone we will need congress as a partner and i cal on congress to workkwith us to support and polyphonic our budget request and improve the security of our embassies aroun the world. >> the truth is state departmen officials repeatedly stated their lack of money was not an issue and nancy. in fact a month funding for embassy security has increased by a 27% since 2007. gerri: they are treats cellist. where are you coming in tonight's show? >> covering precisely what the washington post, they ran out o

pinocchio's. they actually call that a bushe of pinocchio's for the obama administration. they cannot keep up with the obama spend machine. in overdrive over the weekend and certainly is today. we will be focusing on how the administration is trying to conflate, the flight, distract in an effort to take the immediate focus away from the scandals. it is obviously not working, an we will be focusing on it, if you will -- well, like a laser and relentlessly. gerri: as you always do. >> and i will be talking with farmers -- former senator and a member of the foreign affairs committee, talking about precisely the scandals and, of course, we will be renewed the very latest from oklahoma, this devastating, gut-wrenching vide that we are all watching right now.

a lot of people there are in deep trouble, and we're going t have a very latest for you, of course, on this developing story . gerri: we will watch for you in less than 30 minutes. thank you for coming out tonight . good to see you. >> thank you. gerri: well, there is no distortion of the pump. gas prices rising. finally down from last year. bank rate finding lower gas prices are not feeling more consumer spending. senior market analyst for price futures group and a fox busines contributor. what happened when we had such good news and they're all the sudden back on a roller coaster? >> we have had a lot of bad luc in the refining front. in the midwest we had one hand tied behind our back with the biggest refinery in the midwest when they're changing, and we cannot afford to lose one more. look, we lost three more.

and it has driven up prices. add to that pipeline liquids is floods and they hate to say, this devastating tornado and up it could add to gas prices as well because there is major refineries in oklahoma pushing up,. the pipelines, you know, crossroads to the world. if we have power outages that could add more to the cost so i a devastating thing and it is not good for the economy either. gerri: and double waney, obviously, with the terrible tornadoes in oklahoma. in you have been looking at this , interviewing people and find that cheaper gas prices have necessarily translate into more economic spending. why? >> well, here's the thing. in each of the last two years when gas prices are on the way up the board to cut back on spending. in both cases was 60 percent of americans cut back on spending. this year in the first part of

the year when gas prices came down, only about one in six americans actually increased their spending as a result. while people are quick to cut back when prices are on the rise , not so quick to ramp of spending when gas prices comedown and it is a testament to how tight mini budget still are. gerri: is there something special right now? people still feel under pressur financially. >> people are feeling very better about their financial security. finally starting ted turner corner. the stock market hitting new highs car resonating with consumers, but nonetheless we don't have extra cash to around. even though it is not enough to get in the ability the gun and ramp up their discretionary spending to the type that would really keep this economy into a higher gear. gerri: higher gas prices? i am used to seeing them go up in the summer. worse or better?

>> i hink better. some of these refining and pipeline issues depressed the - put behind as we could see a dramatic drop in price. i think the problem with the consumers of the drop in gasoline prices is it has been so volatile aisle. consumers are not sure they can adjust prices because in febbuary we had a record high price and prices collapsed and came back. i agree with your other guest. we saw a big bounce in consumer confidence. i think it will be critical for the consumer this memorial day, the traditional kick off the summer driving season to see if they drive more miles and spend more money. this will be a critical holiday coming up. gerri: greg, what do you say about memorial day? >> i think we are at the time o year where people are used to seeing gas prices go up in the summer driving season, and so that as another one of the reasons why people were holding back, but the recent drop in ga prices, they viewed as temporary

. research to see any dramatic black then i think that this feels confidence and gives people more money to spend. gerri: thank you for coming out and explain these issues. >> thank you.ur time. gerri: when we come back our panel of experts tell you where you should be putting your mone in the engine to the question, how do you do that? tips and we will tell you that is what matters.

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the e ocean gets warr. the peruvian anchoarst suffers. it raises the price of fishmeal, cattle feed d beef. bny mellon turns insights like these into powerinvestment strategies. for a unersity endowment. it funds a marine biologis.. who studies the peruvian anchovy. invested in the world. bny mellon. gerri: well, leaving consumers burned. misleading consumers.

thanks for coming. >> thanks you for having me. gerri: this idea of more than 50 . is that the tipping point for whether it works are not? >> is not a matter of working but how people apply it. if it is fully effective and gives you 93 percent protection. you can go to a 30 which will g up to about 97 and 50 will give you 97, 98. so clearly 60's u.s. airline more. april lee works a hairline better. one study that plays it to the people. and never put enough on. so that when they use the highe spf they give more protection. gerri: your spf rating? >> if the 50 or 6260 like the spraa and? >> the problem is you're covering a wide area and people don't put enough on.

gerri: i have heard the lotions. e.f. tough fill up your entire palm. >> basically you need to table fyns bulls are 1 ounces sunscreen. gerri: you have to pay for this stuff. you don't want to waste it. is there anything else i can do? >> you should buy sunscreen -- apply every two hours. gerri: that is my favorite time. >> or wear protective clothing, big broom had to. gerri: what is the difference between ultraviolet a and b? >> clearly you see a penetrates the skin deeply. basically it is usually the cause of wrinkling and also causes people that are going to

tan. they're original l.a. they thought it was the use gbl was the general causes skin cancer but now they believe that it ma be the original source as a starting point. gerri: how important is it to protect yourself over the long term? >> basically it will rank lawyers can't give you freckles and make you look older. there's a difference between aging and photoaging. gerri: well, now we have been warned. thank you for being with us. appreciate your time. fan before we leave this topic of want to show you my solution to the big-time signed. this weekend i was out in the rain playing golf. take a look at this picture. yes, that is me. there is now you be a or b. is me in the clouds in the rain. if you are looking to head to the beach to kick off summer this memorial weekend, here's a look at the best beaches in the u.s. tonight's top five. clearwater beach in florida.

this gulf coast getaway offers beachgoers white sandy beaches and a host of water sports. number four, okay, stand back. a hawaii big island. you cannot get much more picture-perfect did the former wrestling community oppose quic neighborhoods and family friendly beachee. carolina, the ultimate east us get away. amusing part -- unease in the parks and live and attainment. for half million tourists every year. that number one beach in the u.s., mandalay, who were though colorful fish and dolphins.

of this can be found in california, new jersey, new york , and california. still to come, my "2 cents more and hypocritical advice from th mayor michael bloomberg. another flash crash on wall street. how does this keep happening? what does it mean for your money ? answers coming up. ♪ i'm so glad you called. thank you.

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gerri: seen. gerri: the market hits another record high, but we are down slightly. its physical stocks. some of the best performers. what is driving stock? the fed, improving the economy? with us now jamie from paris financial. managing partner and silver mining company. i will start with you. you agree? >> i'm not saying it's wild, bu i think they're looking for where they can get it. gerri: they look like they have been on fire. they have done well.

this is two and a half percent. >> trying to figure out whether they are inexpensive at this point. determine whether the economy i getting better. perverts' 20 years. over the next three, four, five years, the economy will pick up and this is a good place to buy these. plus, people have been held up defensive step for so long. gerri: it's so crazy. i want to bring kimberly in here . it's taken this long for people to get to cyclicals. it is amazing. fully valued.

>> i'm not sure. we are certainly in a better position than we were in 2000 and 2007. i mean, much, much more streamlined and healthier as well as individual portfolios and bank accounts. to that end, you know, i am not sure if they agree -- if we are fairly valued are not, but a bull market does not end with a fairly alued market. i think we have more room to go. definitely. gerri: stock buybacks. it on fire. companies are buying back stocks . 286 billion of 88%, amazing numbers. did have any mess and opportunities.

they're putting their money to work. it concerns me. right now businesses and i really investing. this is a they keep their labor costs low. the u.s. corporation, their biggest employer is people. that is of them unable to keep their bottom-line growth and what their top line has not bee doing so well. howl. gerri: it looks good on the fac the have to wonder how good it is. a lot to ask you about somethin totally different. they keep some of the same policies. i guess that monetary easing continues.

would you think of those comments? sorry. i get stuck. >> governor evans talked about escape velocity today, and that is important. this is inflation and moderate deflationary. fed policy is designed to break the back of that terrible disease. the fed policy that had been implemented has been designed t do that. they will keep going until they're fully committed to the inflation back to the economy there is that capering conversatton. this that is not going to step off the salary there. the fed will be supportive. the economy is on its own. gerri: is in this as a dual mandate? essentially elevating the idea

that the fed has to fly high unemployment. >> well, they said that there not going to take a bay the punch bowl and so on employment is under. it is that going down. until that happens the fed continues kept hush money into the system. everyone is happy. markets are happy and we notice a false sense of security. it comes down to make sure you pay attention to the allegation. gerri: and others last crash flight and no one paid any attention.

this worries me and is a bad sign for individual investors. >> they need to be addressed. had nothing gets a bad thing. they need to have common sense rules. all listen liquidity dries up. we need to address these concerns. gerri: a. gerri:? >> it points out that when they're is a recent change in the circuit breaker rules the market as a funny way of figuring out the holes. the last 30 minutes, none -- none of these work. and tell all this kazin's occur

with seen this happen over and over again. really, really, what a fine in the middle of the trade. >> i think we will see more hermosa more frequently. the markets are ignoring it, an they are expecting that these things will be averted and taking care of any 11th-hour. some of these. things will go on. gerri: we have to leave it there . thank you so much. right back with my "2 cents more" and the answer our

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torow our start your business, visit thenewny.com ♪ gerri: breaking news of oklahoma , looking at live pictures of the devastation lef behind. two hospitals near. in critical condition. there are no deaths being reported. children have been pulled out alive from the schools. a preliminary rating which is the second highest strength level. they examine the damage. medical privacy week. are your workers being properly protected?is a medical record

director. i have to say no. the idea behind the mri is that all providers have access. i wish all my medical records o on paper and a personal file that i could take come with me. an nfl comfortable of my medica records on commuter. a sector like you guys do. we also ask a question on gerriwillis.com. 13 percent said yes to may's 7 percent said no. finally tonight, you know what, doctor the college. be a plumber, my friends. that is the message from the ne rich mayor of new york city. he needs now giving their advice . for most people their rocket scientists. you should learn a trade instead . thank you big daddy, i mean mayor bloomberg.

but you go off into the sunset. time to understand those gatt. that's my "2 cents more". we will continue our investigation. join us tomorrow. every night. lou: seen. lou: good evening. i'm lou dobbs. we begin with breaking news. a mile wide tornado tore throug oklahoma. aerial footage shows the catastrophic devastation of fires breaking out. severely damaging a hospital. at least one house as you saw. emergency crews scrambling to find survivors. as you can see, the area