after "money", we have "the willis report." have a great weekend. >> hello, everybody, i am gerri willis. tonight on "the willis report." dennis: how safe are these life-saving drugs? also, the ugly fight over a family fortune. and in fashion from the must-have accessories of summer. >> this is gorgeous. we are watching out for you tonight on "the willis report."3 ♪ ♪ ♪ gerri: we have all of that and

more coming up. our top story is stories the safety of america's meat in question. >> i have to tell you that hen i heard that this story occurred, this iconic american brands was being bought by a massive chinese food company, i was very concerned. should i be? >> people in hong kong who buy these products, because it is an american company, they stopped buying it a couple of days ago. everyone knows how bad things are in china.

gerri: okay. 4.1 billion pounds last year were shipped to china. let's talk about the amount of inspection that goes on. one to 2% by the fda, the usda, the inspection of chinese foods important to our country. >> that's right, in march and april, they pulled out nearly 20,000 pig carcasses from the middle of april and some of that and he meet ended up on some of the supermarket shelves. when you think about it, why are they paying $7.1 billion for

smithfield? because they want to get access to the customers remapped. gerri: why is it like that in china? >> we have an untenable political system. corruption is embedded in society. well, i actually thought that china would do something about the milk that caused kidney stones and the children. but they didn't. we have all of those scandals and more. it is really because the political system is not able to stop it. we can be sure that when smithfield is owned by the

chinese and when they start importing chinese pork, we are going to see those problems on our shores. gerri: i bet he don't know that 50% of apple juice comes from china. 80% of to latvia, 10% of frozen spinach from china. all from china. here here's where the real problem comes in. there is labeling on products if it is a pure product. if you are picking up a piece of corn, you know where it comes from. but if you pick up processed food, you have no idea where this comes from.

goldman sachs owns a part of this. gerri: well, i mean, you know, that is really looking forward. looking for bad guys everywhere. it is astonishingly low. it is just inexcusable. >> the the biggest items smuggled -- i mean ,-com,-com ma they just don't trust anything in their own country. it really comes to the political system. >> we have to put a good face

on. it looks like the economy is always growing, even if it's not. gerri: gordon, it is good to have you here and thank you for helping us with that story. i appreciate it. la mancha gerriwillis.com, but on the right-hand side of the screen. this is her question of the day. do you care where your food comes from? there is a very unusual and public feud going on at the fda. the issue boiled over on the front page of "the wall street journal" today. according to the journal there is disagreement inside the agency over the safety of popular hypertension drugs. some of the drugs may be linked to higher cancer rates. i want to show folks the drugs that we are talking about. it is very likely that those who watch the show are actually on these medications are you can

see the brand-name sector. let's talk just a moment. how do these drugs were? >> they block sensors from binding to your body. it constricts or narrows blood blood vessels and narrows your blood pressure. >> will this help bring down your blood pressure at the end of the day? that is the simple description of what they do. but what are the dangers that are being reported now? help me understand that remapped. >> this group of job may now be linked to an interest-rate having cancer. in of particular lung cancer. the person involved in this whistleblowing case, as we call it, they believe that this may increase risk of lung cancer by up to 30%. gerri: this guy is out there by himself. there was a study in the lancet medical journal that shows that there could be problems with these drugs. they also reported that a

greater chance of cancer. the fda came back and said no, the magazine is wrong. would he make of that? >> that is correct and there are only three reasons why the fda is ignoring us. either political, stupidity, or they don't have the manpower to do that or this is not acceptable for any of these reasons when it comes to health care. >> i just can't imagine why this is going on. but i have to tell you that the fda and drug approval is not where you wanted to see the agreement of this type. it is either a drug that reduces cancer or it is not a drug that reduces cancer. why can't they answer the question to everybody's satisfaction? >> that is correct. this should be based upon -- not politics or some other types of reasoning. we need to figure out what exactly is going on. are they safe for taking these kinds of drugs? gerri: how would this be a political issue do you think

it's possible that they are just trying to keep the industry happy? there a lot of big pharmaceutical companies in this. >> that's a very good point. gerri: we have a lot more still to come this hour. a lot more, including some advice as we head into weddings done. should you get a prenup? should you?

i don't think so, but some people do. coming up next, it is not just a phoneecompanies been nickel and dime you. how you can be paying fees that you don't even know exists. stay with us

gerri: banks need to do a better job disclosing fees. we say that a lot on the show. the report says that some of the biggest banks in the country made it clear that a lot of confusion over fees is overdraft fees. joining me now is the president of optimum capital management. >> i can tell you from just my personal experience that it is hard to understand what is going on. i couldn't even figure out is

this really confusing. why is that? >> the bottom line is that there is not a lot of thought in making things easier on the consumer. the different products and services, how much am i being charged it makes it all that much harder if you are trying to shop around. gerri: if you want to figure it out, well, good luck because it will be darn hard. >> the bottom line is it really

is up to us to make sure that we can do the reading. i do want to show who does the best job in warsaw. we have city, we have bank of america. key banks, first tennessee union bank. there a lot of regional and not. one of the collections of these is the overdraft fees so those

things, those overdrafts are still being collected by a lot of things. those things are still in place. they might have rewarded those transactions i definitely think there should be a lot more clarity and a whole lot more regulation on that. but overall, i have heard people say that i'm tired of getting charged $35 so a hundred dollars

really mean zero and you're trying to keep a months worth of savings be one honestly people should make sure that they don't overdraft their accounts. it has become easier to do that with the debit card because you are out and about. it is hard to know exactly how much you have in your account. there eqa for the banks make it work for you. reordering your purchases is corporate number one. brian, thank you for coming on today. it is always so good to you. next we answer the question, how do you do not? that? tips on deciding whether a prenup is right for you. and we tell which celebrity has the shortest marriage ever. i will give you a hint, it is not these guys. not even close.

at od, whatever business you're in, that's the business we're in with premium service like one of the best on-time delivery records and a low claims ratio, we do whatever it takes to make your business our business. od. helping the world keep promises.

gerri: more and more couples are saying yes to a prenup before saying i do. but how do you know if it is right for you remapped details are coming up next

gerri: before heading down the aisle, a growing number of couples are heading down to their lawyer to get a prenup agreement. how do you know of a prenup is right for you and your soon-to-be spouse? we have the author of the premarital planner. welcome, vicky. there are more of these things going on. leasing should get a prenup? >> almost everybody. >> we know the statistics. one out of two marriages fail.

gerri: these statistics are bad, but so what. you have to go in with the attitude that you're going to make it work. if you are already planning for the dissolution, how is it going to be a success? enact this is a mindset. everyone that is a non-lawyer says that they are unromantic. gerri: i'm not talking about romance the partnership to this is a business partnership. >> it is not a business partnership. >> we are not companies, we are individuals. gerri: let me as he wiped. >> many people are saying, why then i have a prenup. gerri: let's talk about who you think should get a prenup. >> is if you own a company, if you own any kind of real estate. if you have a family business. you may possibly receive inheritance. gerri: so you may not want to share the money with her husband? >> let you decide, not a lot tell you what to do with your money.

gerri: you said you have children from a prior relationship. maybe you should not marry a partner with a great deal of that. >> in my book we talk about how you need to get financially naked. some people don't say that they have that, that is the beauty of a prenup. you can say, listen, you shouldn't be responsible in the event that we get a divorce. so you get separate warnings. gerri: you square off with separate attorneys? >> this is about i'm getting the best information possible. some prenup say anything you have before the marriage is yours. anything you acquire acquired during the marriage is going to be joined. it is not such a big deal. >> here's what i like, full and fair disclosure of assets and liabilities. >> that is a lot. if you say, oh, i have a 10 million-dollar asset. you can't honestly believe that because you didn't know about it.

so absolutely need to get 100% honest about everything you have. and decide what is going to be divided. what will remain separate. maybe you can get somebody a number of dollars each year. so after you're married for 10 or 15 years, you say goodbye, you're over the sunset. then the you can say that we are over the hump and prenup is null and void. >> how many marriages end in divorce? >> about 72%. they're making the same mistakes. gerri: don't get married too young. that is a big part of it. >> thank you for coming on the show. it is always nice to see you. all right, prenups are especially important when it comes to celebrity marriages. with millions of dollars at stake. into tight top five, the shortest celebrity marriages. number five is mario lopez and ali landry. the tv host married the former

miss universe. they were married for 14 days. number four is eddie murphy and he was married for 14 days. and number three is dennis rodman and carmen electra. ninetys. number two is britney spears and child hood sweetheart jason alexander. by the end of the week they were on the road to divorce. and the number-one shortest celebrity marriages just out of order and fully paid.. lawyer. before the day was out she realized that she made a mistake.

and coming up next, big bucks for it late model anna nicole smith late daughter. he will have all of that in 15 minutes. coming up next, more money and more problems. how hell even the wealthy are struggling in this economy. it can be done to turn things around. stay with us ♪

[ agent smith ] i've found soware that intries me. it appears it's an agent of good. ♪ [ agent smith ] ge software connects patients to nurses to the right machines while dramatically reducing waiting time. [ telephone ringing ] now a waiting room is just a room. [ static warbl ]

>> from a fox business studios in new york, here again is very well at. gerri: welcome back "the willis report." a new study from the pew research center this week finds that mothers are the hole or

primary providers and a record -0% of all households with children. that is up from just 11% in the 1960s. it led to a fiery debate. both on the "lou dobbs tonight" show and on fox news, and "america live." here is lou dobbs explaining to megyn kelly what he finds so troubling about this study. megyn: what you think about women in the workforce? gerri: lou: let me just finish what i am saying. there are three times as many in a single-parent household that are likely to end up with great psychological illness. megyn: we cannot put it to the side? yes, we can. that is not what this debate is about. lou: that is exactly what this debate is about.

gerri: lou dobbs, i like it when you said the fact that evidence that society itself is crumbling. lou: i don't want to have happen here what happened on megyn kelly show. that is to lose focus on what the deal is. when we talk about breadwinners -- excuse me, i'm your guest, i expect to be treated as such. gerri: i'm happy to have you treated as such. go ahead. lou: we are talking about 62% of us who are single women. who are raising children bear

them women making an average $20,000 per year. what is happening in terms of the advancement of many of those who become primary breadwinners is that we have seen them lose their jobs. we have in him walk away from opportunity. they are dropping out of school. these are huge social issues. gerri: but i don't see how it is making society crumble. lou: you would understand if you listen to what i'm about to do it. the pew research people have been an important study. it should rise above the nonsense orthodox reflexes in the media. gerri: this is no knee-jerk reaction. women are very proud of the steps that they have made. even in the single-payer households. they are putting food on the table.

they are putting gas in their cars. so why is this bad? lou: jerry. lou: gerri, get real. my daughters and wife work. my transport, her parents were. my daughters-in-law work. we have republicans and democrats arguing at the margin. 40% maybe breadwinners that 63% of those women are raising children on their own and they have resources that put them on the veritable edge of poverty. 23,000. you don't think that is a lot more important than arguing about this? gerri: it has nothing to do at the line between republicans and democrats. women working in being breadwinners, look -- many of them are married.

lou: 63% -- gerri: why is this bad? lou: did you hear a single word that i said? i didn't say it was out. a single word? gerri: well, lou, i think that we must agree to disagree. lou: i don't disagree with you. the fact is that i celebrate work for everyone. men and women and i hope that every man and woman will look at the pew research study they understand that we have a society at the cusp and we must -- we must start talking and thinking intelligently about these issues. and i think that the pew research study goes a long way towards reintroducing a lot of people in the media as well. to the reality that too many women face in this country, it is not a pleasant one. and it has a great impact on futures. gerri: i think a sharper issue is the lack of rising income and the decline in income per

household. i think that that is the problem. but the fact that women are working and earning. lou: did you not hear what i said? lou: $23,000 is what 62% of those women made. that is exactly what we are talking about, good lord, gerri. gerri: i think women are doing a fine job bringing more money home. speak you put your banner up. gerri: they are going to school and getting a degree when men are not. let's promote your show tonight. why don't we promote your show tonight. lou: i think that is what we have been doing. [laughter] lou: tonight we are talking with a former department of justice attorney kristin adams. he has inside information into attorney general urkel mismanagement and his possible future. that's coming up at the top of the hour. gerri: thank you, lou. have a great show. well, whoever is the breadwinner in your family, unfortunately looks like they won't be able to give up the gig anytime soon.

with oneness, ric edelman, is with us now. people are having a hard time getting back on track. giving a major push to get back on track. >> is really fascinating that not a lot of folks on capitol hill are talking about the stock market. people are in disbelieve. many believe that it is unsustainable. but in fact, it really is. gerri: i think a lot of people out there -- they worry about the stock market. they are worried that they are above it. of course, americans have been a lot of this in the past. they saw a.com bubble. they believe they are seeing a

housing bubble. would he think the right responses? what is the right action for any investor to take? >> we have to understand how bubbles occur. what we see right now is based on corporate profits. the stock market is priced very fairly. that is not the case back in 2000 with the.com bubble. it certainly wasn't the case in 2008. the market is not going to continue to grow the rest of the year the way to pass the hour. what that really means is you can get back in the water. you don't have to have this fear

that we are going to have a return of 2008. that is not on the table. gerri: is the bigger risk rising at this point? inflation at some point? >> yes, if you take a look at the bond market over the past month. that is good evidence. the bond market came down dramatically. interest rates are now higher, higher than they were a year ago. this is bad news for bondholders. the risk that we have talked about how been the fact that rising interest rates mean bad news for bonds. it is ironic. people who are fearful are worried we're going to lose money. so you have to wonder what are people thinking. and do they have a rational basis for the strategy? gerri: thank you for coming on. you are a voice of reason. among a lot of crazy people out there. gerri: when we come back, look at the hottest trends in summer hats. coming up, thanks to a legal

loophole, anna nicole smith daughter made it part of the late models $39 million. we will have that next.

gerri: well, the legal battle that raged for more than a decade in the coming to a close great anna nuckolls meant, famously battled to the bitter end or a piece of her husband's fortune. now a california judge sets her six-year-old daughter is entitled to money. joining me now are two guests on this topic. remind us where we have all been over these many years.

>> this, as you they say, has been going on for over a decade or a that started when anna nicole filed for bankruptcy. her late husband sued her for defamation. she countersued him and ended up getting 475 million. back and forth, now what the judge is saying is that what it is about a sanctions. the lawyers did not perform ethically. they withheld information. gerri: okay, we know that howard marshall's estate was worth $1 billion and now the judge is saying that the sanctions could mean $49 million for the daughter of anna nicole smith. >> that's right, it could be. but the real issue is that she hasn't won anything. she has bounced up and down like a yo-yo from the pellet court to the trial court. the judges have been invoking the famous legal doctrine as

enough is enough. they are saying that the way the case was handled, since lawyers are representing the estate, really engaging in outrageous conduct, they send documents out of state to places where they have never been received on the other side. the judges sort of had. they are saying now enough is enough. you're going to get bang for what you did. gerri: it has been filed as part of the tactics that these attorneys use. the whole estate is worth 500 million to a billion dollars. how do you figure out these kinds of numbers? what is the map in the calculation on the iraq. >> even more important than the numbers is what this judge is sending out a message. the system has been made a mockery. this is the legal system and you cannot go there. you cannot withhold information and then say, oh, you know what,

you have reached a great settlement. some people like during these lawsuits. the daughter should be getting the money. >> it is amazing that it is highly debatable who should get what. take away for me is that these kinds of conversations go on around dining room tables every single night. there may not be 49 million or 100 million or 500 million at stake. the people debate the kinds of things. what do you tell friends and family? people that you know about these kinds of arguments about who gets the money and when? >> it is very difficult issues. families are fighting with each other, etc. anna nicole smith really has a relationship with the son of the gentlemen that she married. but it is important to get to

the practicalities of where it is now in this case. they are upset because they are flaunting the rules of a particular judge. what happens is they start a big number, the appellate panel is a lot less emotionally involved and usually gets cut down. and then they look at it again, they come up with a lower number and it comes back again. they're going to be bouncing around for a long time. gerri: we don't have much time left, but is there any advice you could give to a broader audience those who may be having issues with family members? >> yes, make sure everyone knows what they are getting.

>> absolutely. afterwards it is a free-for-all be one that is interesting. all right, thank you for coming on tonight. i appreciate your time. >> absolutely. gerri: coming up next, my "two cents more" and the must-have accessory for a summer. find out which one works best for you tely different i met a rtle friend today so, tely different yodon't get that very often. it seemed like it was more than happy to have us in his home. so beautiful. whatever you're looking for expedia hamore ways to help you find yours.

gerri: coming up next for fashion friday, a top accessory designer is here to show us what is in for summer

gerri: in fashion tonight, half. working with accessory into your

wardrobe. playing after summer look. welcome to the show, it is great to have you here. eugenia whether. you have a great story about how you got started designing hats. >> when i'd had a few too many drinks and decided it was a good idea to cut my own hair. gave myself a bad haircut, had to shave it off, hence my logo, it is me with a shaved head. i staated making half the like haircuts, and then because it was really cold in the winter. then i was shopping and people started asking me when i got the hat.

gerri: you start with the material? >> well, we start with some materials. we centered around trends, sometimes i love this color or shape. and then you just kind of like -- you know, play with different shades and there is the great gatsby movie trend that is really based on hats, the mod 60s look has been going on for a little while. there a lot of women who want to look white noise and have a men's fashion moment. >> it is cute, though. >> invisible ethnic trend, which is kind of global. very chic. gerri: you are also a business person, though. it is not just about esigning things, it is also about giving

your product out the door. what have you learned over these years? >> i feel that i have, like, learn so much. because at times -- you can't just be creative, you have to make the right moves in terms of very much what the audience wants on some level. you can design is as much yourself, but you have to think about who is this woman and think outside of what you want. gerri: a lot of people that i talk to, especially young women want to know how to break into fashion. it's very competitive. when the someone has success, they want to know how did you manage to make that happen? makkah honestly when i started i was like 22 years old. it was my first real job. i work at condé nast for several years. i didn't know what i was getting, i found this storefront i could live in the back of because it was a two bedroom. i just kind of winged it. finally i started developing a business sense. that is what is really important. you have to think about who is your customer, do you have a customer with us, this, are you willing to make the commitment. gerri: it is very demanding. how do you know what hat works for you?

beeause is it possible -- i have shopped for hats and it's very confusing. >> a sickly i think that, like -- is this your first cat? if it is coming may not want to get the brim hat. pretty fabulous and glamour or more ttmboyish? gerri: which one of these work for me? >> this one is gorgeous. i see a big summer dress. very flirty. we didn't cover one point i want to mention. we didn't cover one point i want to mention. these hats are made in america? >> after my love making them in new york and i love new york and being able to work really closely with the factories. it is very difficult and i love working and being into it. gerri: thank you so much for coming on the show. i think this is a great hat.

gerri: we will be right back with the answer to the question of the day, do you care where your food comes from

>> one of the biggest pork producers in the u.s. agreed to be bought by a chinese meet prospects -- process surrogate than four point* $5 million leaving speculation it comes from communist china. do you care? 93 percent said yes. a and what are you eating? that food deal should send off alarm bells was specially since we're becoming more and more dependent on china for our food. almost doubling in the last decade as we reported earlier we import all sorts of stuff from fruits and

vegetables to see food and dairy products and the usda and the fda inspects less than 2 percent of the food. the dangers are already here in the last few years thousands of dogs and cats weee killed after eating tainted pet food made in china and it was sold by france like purina. china has a terrible history of food safety enough to turn your stomach rat meat sold as land and deadly chemicals and rice and deadly baby formula. even the chinese don't trust their own food supply 70 percent say food safety was a big concern for them if the chinese don't trust their own food rice should we? that is my a $0.2 and revisit an important topic and what have we learned over the course of the investigation and how you keep it safe and that battle

and said that is it for the oil report. have a great night. we will see you on monday. >> good evening. we want to assure you that we're focusing on what matters most to you and as our nation will be focused on the obama scandal and the administration desperate and transparent attempt to divert the attention of this broadcast and the national media as all we can assure you the axelrod's strategy is not going to work here or in washington d.c. where next week the house appropriations committee and that house ways and means committee hold more hearings into hugh is responsible for the ira's targeting of conservative groups and house