>> 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 and

more comingup. our top story is stories the safety of america's meat in qution. >> i have to tell you that hen i heard hat this sry occurred, this iconic american brands was being bought by a massive chinese foo company, i was very concerned. should i be? >> people in ong 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% the fda, theusda, the inspection of chinese foods important to our country. >> that's right,n march and april, they pulled out nearly 20,000 pig carcasses from the middle of april and some of that d he meet ended up osome 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: wy is it like that in china? >> we have an unteble political sysm. corruption is embedded in society. well, i actually thought that china would do somethi about e milk that caused kidney stones and the children. but they idn't. we have all those scndals and mo. 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 importg chines pork, we ae 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, 1% of frozen spinach from china. all from china. here here's wherthe real probm comes in. there is labeling on prducts if it is a pure product. if you are picking p 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 atonishingly low. it is just inexcusable. >> the the biggest item smuggled-- i mean ,-cm,-com ma they just don't trust anything in their own country. it really comes to the political syem. >> we have to put a good face

on. it looks like the economy is always growing, even ifit's not. gerri: gordon, it is good to have you here and ank you for helping us wh 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 da. the issue boiled over on the front page of "the wall street journal" today. accordinto the journal there is disagreement inside the agency over the safety o popur hypertension dugs. somef therugs may be linked to higher cancer rates. i want to show folks the drugs that we are talking about. it is very likelytha those who watcthe show are actually on these meditions are you can

see the brand-name sector. let's talk just a momet. how do these drugs were? >> they block sensors from binding to your body. it constricts or narrows 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 escription 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. of particar lung cancer. the person involved n 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 th a

greater chance of cacer. the fda came back and said no, the magazine is wrong. would he make of that? >> that is corct and there are only three reasons why the fda is ignoring us. either political, stupidity, or theyon't have the manpowero do that or this is not acceptableor any of these reasons when it comes to health care >> i jus can't imagine why this is going on. but i have to tell you that the fda and drug appval is not where you wanted to see the agreement of this type. it is either a drug that educes cancer or it is not a drug that reducescancer. why can't they answer the question to everydy's satisfaction >> that is correct this should be based upon -- not politics or sosome other types f 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 issu do you think

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

i don't hink so, but some people do. coming up next, is not just a phoneecompanies been nickel and dime you. how you can be paying fees that you n't even know exists. stay with us the boys ed double miles from their capital one venture card to fly home for the big family reunion. youust be garth's father? hello. mother. mher! traveling is easy with the venture card because you can y airline anyte. two words. double miles! this guy can act. wanna play dge rock? oh, you guys!

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♪ ♪ (train horn)

vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. 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 cleathat a lot of confusion over fees is overdraft fees. joining me now is the president of optimum capit management. >> i can tell you from just my personal experience that it is hard to understand what is going on. i couldn't even figureou is

this really confusing. why is that? >> the bottom line is that there is not 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 shoparound. 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 hed people say that i'm tired of gtting 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 hat with the debit card because you are out and about. it is hard to know exactly how mu you have in your acount. there eqa for the bas 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 tl which celebrity has the shortest marriage ever. i will give you a hint, it i not these guys. we went out and asked people a simple question:

how old is the oldest person you've known? we gave ople a sticker and had them show us. we learned a lot of us have known seone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing hat hasn't changed much is the official retirement age. ♪ the qstion is how do you make sureou he the money you need to enjoy all of these years. ♪ vo: traveling you definitelynd usomething completely different. to enjoy all of these years. met turt fritodaso, you n't t th verofte seed li it s mo tha hay toave in s ho. so butif. o: mtrav. mo optns. moreersol. wheverou'rlookg fo exdia s mo wayto hp u fi you.

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gerri: more d more couples are saying yes to a prenup before saying i do. but how do y

gerri: before heading down the aisle, arowing 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 verybody. >> we know the statistics. one out of two marriagesfail.

gerri: these statistics are ad, but sohat. you have to go in with the attitude tt 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 sayshat they a unromantic. gerri: i'm not talking about romance the prtnership to this is a business partnership. >> it is not a busess partnership. >> we are not companies, we are individuals. gerri: let me as he wiped. >> many pple 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 ofeal estat 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 youshould not marry a partner with a great deal of that. >> in my book we talk about how you ne to get financially naked. some people don't say that they have that, that is the beauty of a prenup. you casay, 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 getng the st information possible. some prenup say anything you have before the marriage is yours. anything you acqui acquired during the marriage going to be joined. it is not such a big deal. >> here's what i like, fullnd 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 ge someby a number of dollars each year. so after you're married for 10 or 15 years, you sa goodbye, u'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 divoe? >> about 72%. they're making the sam mistakes. gerri: don't get married too young. that is a big part of it. >> thank youor coming on the show. it is always nice to see you. all ight, prenups are especially important when it comes to celebrity marriages. with millions of dollars at stake. in tight top five,he 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. nuer four is eddie murphy and he was married for 14 days. and number three is dennis rodman and carme electra. ninetys. mber two is britney spears and child hood sweetheart jason alexander. by the end of the week thewere 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 ne, big bucks for it late model anna nicole smith late daughter. he will have all of that in 15 minutes. comi up next, ore money and more problems. how hell even the wealthy are stggling in this economy. it can be ne to turn things around. stay with us tossing and turning have given way to sleeping. where sleepless nights yield to restful sleep, and lunesta eszopiclone can help you get there, like it has for so many people before. do not take lunesta if you are allergic to anything in it. when taking lunesta, don't drive or operate machinery until you feel fully awake.

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>> from a fox businesstudios 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 ae 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? rri: lou: let me just finish what i am aying. 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 itto 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 happe here what happened on megyn kell sho. 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 aresingle women. who are raising children bear

them womenaking an average $20,000 per year. what is happing in terms of the avancement of many of those who become primary beadwinners 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 nonsse orthodox reflexes in themedia. gerri: this is no knee-jerk reaction. women are very pro 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: jery. lou: rri, get real. my daughters and wife work. myransport, her arents wer my daughters-in-law work. we have republicans and democrats arguing at the margin. 40% maybe breadwinners that 63% of those womenare raising children on their own and they have resources that put them on the veritable edge of poverty. 23,000. you dot think that is a lot more important than arguing about this? gerri: it has nothing t do at the line between republicans and democrats. women working in being eadwinners, 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 wasout. a single word? gerri: well, lou, i think that we must ree to disagree. lou: i don't disagree with you. the facts 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 weave 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 n a plasant one. and it has a great impact on futures. gerri: i think a sharper issue is t lack of rising income and the decline in income p

household. i think that that is the problem. but the fact tt women are working and earning. lou: did you not hear what i said? lou: $23,000 is wht 62% of those women made. that is exactly what we are talking about, good lord, gri. gerri: i think women are doing a fine job bringing more money home. speak yoput your banner up. gerri: they are going to school and getting a degree when men are not. les promote your show tonight. whdon'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 dartment of justice attorneyristin 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 edlman, is with us now. people are having a hard time getting ck 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 te stock market. people are in disbeliev many believe that it is unsustainable. but in fact, it realy is. gerri: 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 sawa.com bubble. they believe they are seeing a

housing bubble. would hethink the right responses? what is the right action for any instoro take? >> we have to undstand how bubbles occur. what we see right now is based on corporate profits. the stock markt 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 markets 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 ou takea look at the nd 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 ws for bondholders. the risk that we have talked about how been the fact that rising interest rates mean bad news fobonds. it is ironic. peop who are fearful are worried we're going to lose money. so you have to wonder what are peoplehinking. and do they ha a rational basis for the strategy? gerri: thankou 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 nicolemith daughter made it part of the latemodels $39 million. we will have that

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-oldaughter is entitled to money. joining me now are two guests on this topic. remind us where we have all been over these many yars.

>> this, as you they say, has been going on for over a decade or a thatstarted 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 tat what it is about a sanctions. the lawyers did not perform ethically. they withheld information. gerri: okay, we know that howard marshall's estate wa worth $1 billion and now the judge is saying that the sanctions mean $49 million for the daughr of anna nicole smith. >> that's right, it could be. but the real issue is tt 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 sayinnow enough is enou. 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 worh 500 million to a billion dollars. how do you figu out these kinds f numbers? what is the m in the calculation onhe iraq. >> even more important than e 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 kno what,

you have rehed a great settlement. some people like duringhese 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 ro 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. famili are fighting with each other, etc. anna nicole smith really has a relationship witthe son of the gentmen that she married.

but it is important tget to the prticalities of where it isow in is 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 lk 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 tim. gerri: we don't have much time left, but i there any advice you could give to a broader audience those who may be having issues with family members? >> yes, make sure everyone know what they are getting.

>> absolutely. afterwards it is a free-for-all beone that is intesting. 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 alec, for this mission i upgraded your smart phone. ♪ right. but the most important feature of all is... the capital one purchase eraser. i can redeem the double miles i earned with my venture card o erase recent travel purchases. d with a few clicks, this mission never happened. uh, what's this button do? [ electricity zaps ] ♪ you requested backup? yes. yes i did. what's in your wallet? and so too is the summer event. now get an incredible offer on the powerful, efficient c250 sport sedan with an agility control sport-tuned suspension.

but hurry before this opportunity... disappears. the mercedes-nz summer event ends soon. ♪ ♪ gerri: coming up next for

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

wardrobe. playing after summerlook. welcome tohe show, it is great to have you here. eugenia whether. you have a great story about how you got started designing ats. >> when i'd had afew too many drinks and decided it was a good idea to t my own hair. gave myself a bad haircut, ha 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. th i was shopping andpeople started asking me when i gotthe hat.

gerri: you start with the material? >> well, we start with some materials. we cented 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 lolot of women who wanto look whie noise and have a men's fashion moment. >> it is cute, though. >> invisible ethnic trend, which is kd of global. very chic. gerri: you are also a business person, though. it is not just about esigning

things, it is lso about giving your product out the doo 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 f ry much what the audience wants on some level. you cadesign is as muc yourse, but you have to think about who is this woman and think outside of what you want. gerri: a lot of people tt 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, found this storefront i could live in the back of because it was a two bedroom. iust kind of winged it. finally i started developing a business sse. that is what is really importt. you have to think about who is your customer, do you have a customer with us, this, are you willing to make the comitment. 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 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 dess. very flirty. we didn't coveone point want to mention. we didn't cover one point i want to mention. these hats are made in america? >> after my love ming them in new york and i love new york and being ab to workreally closely with the factories. it is very difficult and i love working and being ito it. gerri: thank you so much for coming othe 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 we went out and asked people a simple question: how old is the oldest person you've known? we gave peop 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 mh is the official retirement age. ♪ the question is how do you make sure you he the money you need to enjoy all of these years. ♪ at od, whatever business you're in, that's the business we're in with premium service ke one of the best on-time delivery records and a low claims ratio,

we do whatevert takes to make your business our business. od. helping the world keep promises.

>> o 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 perce said yes. a and what are you eating? that food deal should send off alarm bells was specially since wre 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 alrey here in the last few years thousands of dogs and cats weee killed afr 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 land and deadly chemicals andice 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. welcome, everybody, i am neil cavuto. positive ratings are at 48% ad it is really startling in that same poll. it probably goesin line with two out three americans who now have a negative view of the irs. kn