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tv   Lou Dobbs Tonight  FOX Business  June 1, 2013 4:00am-5:01am EDT

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i'm no sure but i think it gets more intense. neil: want to thank you, guys. i wi >> 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 t administration desperate and transparent attempt to vert 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 in washington d.c. ere next week the house appropriations committee and that house ways and means committee hold more hearings into hu responsible for the ira's targeting of conservative groups and houseudiciary chairman
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says his cmittee plans to pass judgment soon whether eric holder committed perjury when he testified ande kewbsotely thinabou e ptentl prosutio ohe pre. thtorn genal fes a dnesy deline t aswer qutionfromhe juciar commtee and t torn genel meingwithedia edits nig talng abou agey rgetg of repoers. thettory geral presdegrutid not apolize r snpingn a ndre aociad pre repoers and ar on jame risen. holder claimsf commit to change the guidelines for ending leaks a backing the media shield law although the first amendment is the alternate media shield law and the i.r.a. scaal tonight lightg and foxas confirmed theeirs has tol a
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use g.o.p. investitors theye looking at 88 employees who may have documents relevant to do that targeting investigation. also a report by the irs taxpayer advocate service finds that adoptive pares weremproperly targeted in 2012. 90% of taxpayers who claim the adoption tax credit were flagged for further review a 70% going through least a partial auditf their returns. the president promised to hold people accountable but our fox affiliateeports the man who designed many of the intimidating lette was actually promoted. former tax-exempt organizations specialist specialist, bumped up to a supervisor irs agent meanwhile deal on the administration tries to divert public and media attention from a number of scandals now surrounding the
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white house. five capital level agencies are right now without the services of inspector genel of the departments oftate interior liberal when negative labor and security all did not have the internal investigative officials. our first guest when after leaks the justice department did know administration not even nixon would go after the press like this one. he says the presint and attorney gener are going after press freedom white noah administration since woodrow wilson. joining us now is christian adams former key part of justice attorney and author of the book did justice. good to have you with us. the talk about going after the press with the press meetin our organization did not participate but hers did your reaction?
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>> this was a sham and never buy eric holder to get behind closed doors offhe reco to spin these that decided to go he did not do anything wrongnd there is a rspect for the press and we know actions speak louder than words with his administration and they clearly don't respect the free press. lou clearll isn't this a discussion between the eig officers and a bank robber of security of a branch? this is peculiartuff he exesses regret but does not apologize and bringsin access but no on the record rerting but it is almost clumsy to almost nonsensical >> it is desperate. things are going so dly lately that you have to do something.
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at doo-doo do? you call your friends and a lot of the people who went there today whether "politico" or other organizations or their friends of the obama administration will help them talk their way out of the mass. lou thisttorney general already held in contempt of congress leaking parts of those meetings with the whole scandal starts with the it ministration committed and prosecutin officials more than any otherresident or all the previous presidents combined. this cannot be much closer to farce? >> think about "the washington post" reported they had permission from the justice department to say certain things about the meeting that on the other side you have the justice department using the meeng to spin their way away from the widening scandal it
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@%rely doesn't happen in a ee country where the ps and the government collude like happened tay up on the fifth floor at the rfk building. lou: this attorney-general whose credibility is in question is not an odor retreat 70 percent of the most recent quiddity appell said they would purves for a special prosecutor to take over for the irs investigation. this man has a role in nearly all of the scandals in which thishite hse is embroiled. >> it is timeor a special prosecutor because you cannot trust ything about the holder chain of command to do things right or truthful. but the bottom line is eric colder lied under oath. thattorneyeneral of tell the truth about anot material issue that is
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called perjury when you are being asked whether or not you have knowledge of press investigations and you flat out say you never heard of it you are lying under oath and you don't belong as the attorney general of the united states. >> saying he will pass judgment on whether not he will commit perjury very soon. thank you very much. good to have you with us. much more on the off the record meetings with the attorney general and the political fallout on tonight's broadcast. >> a controvsial new report showing working moms are increasingly the primary breadwinner. that is a gre trend for some rking moms but not all. nor for men. the fas tonight's "chalk talk." may finally kicked in and today the stocks wrapped up
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the months to the upside and charles a schwab
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lou: a market sell-off in the and the dow was down 209 points and and stack of 24 in volume of the big board almost 4 billion shares despite sharp losses markets posting gains for the month and a good gains. the dow and s&p up 2% the nasdaq up 4% and with economic news consumer confidence hitting the hiest level in nearly six years but consumer spendi fell zero-pnt to% in april the first decline in the ye. gold prices are down falling $19 at 1393.
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is down over 5% and crude l down $1.64 just below $92. in t bond market the yield rises at 2.1% in the highest level since april of last year. the ouook for medicare boosted with the new report from medicaretrustees saying the program will become solvent 2026 mingng to years later than previously estimated thanks to slower health spending. the outlook is unchanged the trust fund will be exhausted 2033 the depletion of reserves will not and the programs which account for almost0 percent of federal spending but that would trigger sharp reductions of benefits. my next guest says a pullback is a healthy thing for the market but she remains enthusiastic about our prospect of the market and joining us now is chief investment strategist charles schwab liz and saunders. good thave you with us.
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that sounds a cautious -- cautious bull statements given given where sentiment is with this sentiment measures that tends to be an enviionment where the of market is ripe for a pullback although with the strong gains we havead but it will not be sinister but 're starting to digest a move by the fed to start tapering off their purchases of them will bring volatility although that i the start of it but t soon to tell. lou: that the fed is making noises but now we start to hear to say forget about it this terror raids stays with us a few canee by the attitude you don't love our idea to take away the punch bowl. >> i d think that puts up a trial balloon to get a sense of the reaction but that said, there is a perception
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the fed has a plan, they knowiming and they are just sending it out in dribs. i don't think that is the case but i think what bernanke and other fed members talk about is the truth. a lot can happe between now and the consensus that it would be no earlier than the september timeframe but there is no question there is a play trying to figure out what the fed will do. lou: look at the credit market comment the 10 year is off 49 basis points that is dramatic but of the busine press but how concerned are you about that and whatdoes that portend? >> we have moved higher about 50 basis points over the last several years and has not turned into the benning of a sustainable rideut whether that is the case it is tougher to say
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but we may be closer to the point* is gerally in e early stages of the environment it does not hurt the stock market you start with little volatility but the bite on stocks does not not, for quite some time and tell fed policy puts othe break not only the stock market and the economy but to represent from a yield prospective competition against the stocks and the move we have seen we are not ere lou: is that gd things for the market or just bad things for equities? >> we're in an envonment where it's generally they're highly correllted. generally the bond yields have gone up as well. i think we stay in that environmnment is hard to know
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what point* you get to a level where that correlation moves to the inverse but we're dealing with the fed whose policy is unprecedented. so that will be unprecedented sova and fed funds rate hike that would be the initial move in the past and we have fivers si steps in the processefore we get to that that is quite a bit down the road so we're justaking baby steps. the fed is trying to be incredibly transparent but that could be a misunderstanding in terms of at they're saying not to mention a few get any type volatility it tanslates to volatility in the market. lou:s you are suggesting we can say they will be vigilant but not so much the interpretation of what the
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witness ll be necessarily corrt. thank you for being with us. you are always correct. behalf great authors coming up on the broadcast tonight lieutena-colonel ralph peters will be here to talk about his newest novel and legendary defender of the first amendment the foremost attorney in the country will be here to talk by his new book friend-of-the-court an end tuesday at and is here to discuss the shadowy history his book is the tower of fossil. up next and nipples of just good news for working women it is not all good news and will show you how this certainly bad news for much of society and i will also respond to a few detctors who don't know what t report said and don't care what the report said that we
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ll help him along with it and he lost the election but once to be a part of the national conversation mitt romney wants to be back. next.
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lou: earlier this week releasing an important study that mothers who are the sole or primary breadwinners in this country have reached a record 40 percent of households. we had a discussion about it wednday evening our panelists word doug shown, no juan williams and erik erikson and it created a lot of reaction in the media. my cleagues wrote this in day blanc and a half to''. >> have these men lost their minds? th are my colleagues.
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brother maybe i need to have a little chat the next thing they will have thesegment to discuss eliminating women's right to vote. lou: are you kidding me? we have known each other a quarter of a century. come on. i expect far more from certainly you andorning joe weighed in this morning. listen to this. >> i will try to counter the argument to say problem with our society or social order whenever it was they are case men. how ey cannot take it they cannot handle it. out what is going on? lou: juan williams might have taken exception to her description they were deey researched on the issues and theeport of what happened but i am also deeply offended on behalf of my
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makeup artists who go to great lengths to insure that i don't look pasty i am offended. items in that very often and i had a follow-up discussion with megan kelly and erik erikson. listen to that. >> why do you say that about women in the work force? >> excuse me let me finish what i am saying zero dominant one. >> excuse me? >> three times as many people in a single parent households are likely to end up with great psychological illness. >> excuse me? >> guess we can't stand by that is not with the debate is about spinning tell pele what it is about. lou: and the refence to make an zero dominant one.
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it is her show one of the most successfuln the network and she is having a discussion about women and men and who is dominant i just did not get it. having a lile fine but the huffingthuffingt on post inside reporter picking up the story b these liberal journalist did not properly read the study and many simp don undetand itt my point* is that the breadwinner moms 63% are single mothers. you heard her say that isn't the point* but it is. if they were simply a matter of women progressing progressing, enjoying the rewards of their education and their hard work no one would celebrate more than i would and i do anyway but i am not the only one who
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finds the trend troubling. it is not a values discsion they also ask the question about these numbers 63% single parents say there aremore single mothers in a society is a big problem the american public agrees with me. we all want to celebrate but political correctness and nonsen months not dictate we deny reality ich is that the disintegration of the family at -- anhas a detrimtal impact we have to be honest about th because being a single mother is the toughest role one can have and no one come a man or woman should celebrate what is working for some, it is a bonus they earn re than their
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husbands and that is great but for some working single moms that is not the reality. on average fare paid $29,000. $29,000. and you're telling me i am not supposed to be concerned about what this study represents or what it means for our country and these men? they have been divorced or widowed or separated 17,400 on average they have never been married and we are talking about 63 percent of the women in custody. maiages one of the best weapons in the war against poverty. nearly 40% of single mother families, a 40 percent that compares to jus under 9 percent of married couples with children.
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40%, 9%, you decide. that is not the only way in which our citizens, our cotry is suffering. their knighted dancing like women becausemost men are falling behind and the reason is the fault. statistics show in 2009 the most recenyear available, a 25% fewer men received college degrees and women. it is not balancer simply women moving ahead in society. in part it is because one-third of male students are droppg out of high school and to put it this way if young people do these things coming graduate high school, get a job, get married and wait until they're 21 before they have a baby they have an almost 75 percent chance of making
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it inno the middle class. that is something we all want. and all required to listen to one another and read the study put out by other organizations doing important work about who we are in what we're doing and the consequences of the public poly choice we are making. every single american to have an opportunity in this countrto get ahead is one of the paramount priorities. and to be given the opportunity to live the american dream. spinet the wounds of for inspire a ucla surgeon to help the wounded ho is a space tradition to the doctor who started operaon men and the former marine who beca patient zero after talking on television with me. attorney-general holder is a mess he allows leakabout his off the record meeting with journalists about
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stopping leaks. the 18 tells us what eric holder really should be doing xt.
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lou: a deadly fire alarm fire clay -- claims the lives of four firefighters and five more are hospitalized it started inside a restaurant and ickly spread to do the adjacent hotel and it took three urs to get it under control and strong wind with 90-degree temperatures hampering efforts and local media rports call it the deadliest day in the houston fi department history. the national weather service today confirmed a tornado has touchdown just west of oklahomaity no injuries to report at this hour other parts remain on alert as forecasters warn of the potential for more and large hail. that comes one day after
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powerful srms and floods in theegion killed at least three people and as many as one dozen touchdown in the regions of arkansas as well as three in oklahoma joining us now the "a team" fox news contributor, and miael -- michael good when in "the weekly standard" executive and i think you deserve a pulitzer as well. [lghter] >> i will take dick. of. >> and what he wishes to change business and trying to shut off the leaks? it is madness. >> it is. he is saying with the off the record meeting with the media executive fact he
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would revise the guidelines of dealing with the press but that is not the problem. the justice department ignoring the guidelines. with those from the associated press that you would notify them the you were putting a subpoena for all the records but the justice department did not do tha is eric holder and his assistant that is the problem not the guideline. lou: this seems like holder is ignoring the fact he is e problem does he have such a lowopinion of the aggregated media? >> it looks like he is fighting forhis job about whether he can tamp down the controversy to get himself off the hoo and if he can't the president will have to dump and now the democrats say it is a matter of time he cannot last much loer and i think th is a last ditch eort to save himself
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but i would point* out that notice the president did not tellhe new irs chief to meet with citizens who were targeted by their agencies only the press gets the royal treatment. lou: he wanted them to meet with reporters not the general counsel ds that alarm you? >> meeting wit lawyers always alarms me. [laughter] but the problem is that eric holder is not admittg what he did. he signed the warrant, he signed the change that is basically to say if you are soliciting information for someone who has classified information and if you are flattering t source you may be creating espionage. that is what he has to come to grips with and the med has toold him accountable
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lou: nosecretar of state john kerry to talk abou the traner of the russian missiles whichome in the national media have reported moved into syria although they have not been no news of the aircraft we do not seem to have a handle on initial reportsit turns out now and if iis true just as thesraelis said whe are we headed with syria? there are colicting reports and signals fr the administration. >> but one thing that constent they put all their eggs in one -- one basket. the russians. they don't want to help they are backg syria. russia has very few cent states but syria is about all theyave left in the middleast and they will continue to arm them.
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doesn't make a difrence what john kerry says her and make a difference if ey make a conference in geneva in a week or whenever i've talked ta lot of people there isn't a single person who thinks thatill get anywhere. theussians are glad to have it but they will not change their policy the admistration will have to do something on its own you cannount on the russians they do not want to help. >> also in the middle east the strong course and a recourse which is syria and russia of tm one day we want to arm the rebels when babydoll they are divid it is clear the way it is going obviously syria and russia have the upperand. >> theiare no good guys in the fight there are freem fighters against the evi regime i is a choice between the iranian-backed group backing the regime and some of the hottest.
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i am not sure the president is rig to s waia minute let not jump in with all 4 feet. lou: then how in the world have we been listening to him for two years saying the aside moscow but it litelly makes no sense if you are correct how he simply wasted two years with unfulfilled rhetoric. >> the present has realized that words do have consequences and he is good at making speeches but it is the implemtation thats problematic. >> if you did somethin a year or two ago he could have done something like john mccain kept insisting to s up the no-fly zone but the syrians would not shoot down american airplanes they don't shoot down israeli every -- airplanes if he acted
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earlier he could have done something but it may be too late. >> would it is too late because we did nothing now others rushed to answer now is the oxide dead dominated resistance movement so we don't have a friend in this but that is partially are on doing. lou: can you express with the head sha? >> the weakness is a syria opposition it was always a problem they would not get any stronger. lou: the obama administration stands tall and proud of its policy in the middle east? >> i d not say that. [laughter] lou: thank you. go to our social sites faceok page, or e-mail me lou@loudobbs.com there is a founder of oeration and a
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group that helps nurse the wounded military members back to health and we'll alsoalk with the very first patient, as six years ago we met. i cannot wait to see him
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lou: turning now to the wounde warriors an amazing program that provides reconstructi surgery to service members inspired in part by a conversati between a marine corps corporal on the air talking seven years o. it is called operation end and the program has treated more than 80 wounded waiors since 2007 and joining us now is marine corporal iraq war veteran and wounded in 2005, the first operation patient and good to see you spinet good
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evening. thank you for having me ck lou: and the founders a member of the ucla medical center board. it is great to have you. en we hard you got the idea for this watching us talking i sratched my head and thought he was such a great spokesman for the red army medical center in san antonio where we met for all of the wounded veterans. i could not b more delighted you found him so inspiring. >> i did. he was exceptional to see him on your program. lou: what has the program meant to you? you travel so far, you were wounded in the attack as i
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say you're looking at you across the way, you look amazing. you are back to that rued marine look that you represented throughout your life it has been one hell of a journey though? >>alf of what we learn is from the journey to get here to there that was just one day in my life and coming from that point* now to have the nearly 60 surgery's over eight years to have a program like operation in mend bthere for me as a resource, having served my country d come home and have it serves me in such a unique way to have specialized care is to give me a sense of my humanity of
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back to school i was. its invaluable i cannot think ron or ucla are brooke army medical center everyone who has touched my life along the way including you you, sir. lou: i did nothing. i had the honor to report your story and to get to know you. it is a treasured honor. but let me ask you this. you are receiving many many, varis government funding in pt, i havto believe peopleheard me say 80 patients they thought at is in very many but until they meet the people who need the help, that is a huge number and what can we do to help you? >> as you recognize reid deal with veryevely injured patients and it is not a single surgery at
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takeplace but basically like in his case a large number of surgeries and you really have to pay attention to these folks. the services we provide are completely free. everyone that participates gone to ucla and we bng their family because we think the fily compound is critical so to be able to care for people like aaron and their familieso give them this experience along with all the people in l angeles who have gravitated to these young men and women it is a very? ridinghood comnity experience. lou:. gerri: to pu up on our screen how the viewers could help and i hope that you do operation mend .ucla.edu we hope you will contribute
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generously to the wonderful program. it is great to see a partner i am glad you are doing so well and your daughters mean the world to you we wish you the best and will afford to seeing you soon. >> thank you. u: thank you for all you have done. you continue your good work. up next come the next week former cbo director of congressman who is decing whether not the attorney general of the united states committed perjury in his testimony and bestelling author colonel ralph peters and we will take a look at his brand new civil war era novel. next.
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lou: when next best is a master of the civil war storytelling and ihis latest novel he vividly tells the story of t union army pivotal capture of richmond and aroacng the weekend you like to give you some idea of a wonderful way in part to spend your weekend. this book represen one entertainingnd fascinating way. hello richmond eutenant-colonel ralph peters. greato have you with us. congratulations on another terrificew book. you chose to focus on that particular parof a war that is incomprehensible to me in the way those people chose to engage dan to talk
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about the brutality as they go after richmond give us a sense why you chose the narr time frame with the significance. >> it is a timerame that period at the center of the book may five, 1864 and june june 3rd, the people they ignore it because it is ugly and bloody and until late world war two the bloodiest month in aerican history 80,000 american casualties blue and grain 30 days and i felt today that the reality not just the gry that we often seein the popular mediar novels but i get tired of hearing people say our cuntr has never been so divided.
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as many as three-quarters of a million americans died in a y to bring them back in touch with the reality of our histy in what really took to shape the nation. this is a gram book but my goal is not humble but to right the most realistic history novel that you possibly can d the civil war is so pivotal i want to cut through the bs to give peop a pitcher not of men on statues but thflh and blood that fought to deliver that award. lou: mo than 300 men died onoth sides of the conflict. it ia strange thing when i looked at a book like yos and is youportrayed combat combat, it is gruesome but it seems to me not the most
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noble thing to ignore the sacrifice of the union army because the men were doing something no nation had ever done before with its own citizens to right a terrible wrongs and pursuing self-interest asell but that is a remarkable crifice too little and too infrequently do we honor them. >> iis very much leadership's study and double sides i was born in the north and that is where my sympathies lie but the book streisand i strive to be objective because to really communicate with it was light i will put myself as best i can in the mind of the southerners who believed that their cause was noble i don't ever want to the down
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part of our history to look dick terrorism but also the dark sides of those events and individuals. %-fascinating individuals. lou: you will find them in your book. as you have written the most recent book you know, much about war and the strategies and personalities how does the modern conflict, nd the iraq war orfghanistan war war, what impact does it have o you were all that you have learned through writinas you assess what is happening currently? >> for the infantry every war is as intense as every other so could get the soldie lining up to fryer
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the greest compliments i get are from veterans that tell me this work for them week.
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>> hello, everybody, i am gerri willis. tonighon "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 a

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