weekday 3:00 to 6:00 p.m. pastern titime. wel have a another great show for you next weeks, in the meantime, i do hope to >> hello, everybody, i am gerri willis. tonight on "the willis report." dennis: how safe e these life-saving drugs? also, the ugly fight over a family fortune. and in fashion from the must-have accessories of summer. >> this is goreous. we are watching out forr you tonight on "the willis report."3 ♪ ♪ ♪ gerri: we have all of that and

more coming up. our top story is stories the safety oamerica's meat in queson. >> i have to tell youthat hen i heard that this story occued, this iconic american brands was bei bought by a massive chinese food company, i was very concerned. should i b >> people in hong kongwho buy these products, because it is an american company, they stopped buying it a couple of days ago. eryone knows how bad things are in chin.

gerri: okay. 4.1 biionounds last yea 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 chines foods important to our country. >> that's right, in march and april, thy 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 lik that in china? >> we have an untenable politicasystem. corruption is emdded in society. welli 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 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 it is a pure product. if you are picking up a piee 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 uggled -- 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 pu a good face

on. it looks le 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 th screen. this is her question of the day. do you care where your food comes from? there is a very unusual and public feud gng on at the fda. the issue boiled over on the front ge of "the wl street journal" today. according to the journal thre is disagreement inside the agency over the safety of popular hypertension drugs. so of the drugs may be linke to higher cancer rates. i want to show folks the drugs that we are talking about. it is very like tha those who watch the show are acally on these medications are you can

see the brand-name sector. let's ta just a moment. how do these drugs were? >> they block sensors from binding to your body. it constricts or narrows blood blood vessels and narro your blood pressure. >> wilthis help bring down yourlood pressure at the end of the day? that is the simple descrition 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 nked to an interest-rate having cance in of particular lung cancer. the person involve in this whistleblowing case, as we call it, they believe that this may increa risk of lun 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 the drugs. they also reorted 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. eith political, stupidity, or they don't have manpower to do that or ths is not acceptable for any of these reasons when it comes to health ca. >> i just can't imagine why this is going on. but i ve to tell you that the fda and drug appoval is not where u 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 sasfaction? >> that is correct. this should be bed upon -- not polir some other types of reasoning. we need to figure out what exactly is going on. e they safe for taking these kinds of drugs? gerri: how would this be a litical isue do you tink

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 peop do. coming unext, it is not just a phoneecompanies been nickel and dime you. how you can be payig feesthat you don't even know exists. stay with us emily:i, eryone. i'mmily.

i'm super exciteto introduce my dad because he my hero. when i was little, he was doing this really important work driving ambulances in iraq. now he's home. and he's still a hero because he tells the ambulances where to go when there's an emergency. i'm so proud of him. he's awesome. he's my dad

announcer: if your service-connected disability hinders your civilian career, vocrehab oers a variety of services to help prepare you for your next mission. gerri: banks need to do a better job disclosing fees. we say that a lot the show. the report says that some of the biggest banks in the country made it clear that a lot of confusion ov fees is overdraft fees. joining meow is the presidt of optimum capital management. >> i can telyou 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 ter is not a lot of thought in makingthings 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 toigure it out, well, good luck because it will be darn hard. >> the bottom line is it really

is up to usto make sure that we can do the reading. i do want to show who doesthe best job in warsaw. we have city,have ban 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

thingsthose overdrafts are still being collected by a lot things. those things are still in place. theymight have rewarded those transactions i deinitely think there should be a lot more clarity and a ole lot more regulation on that. but overall, i have heard people sathat i'm tired of getting charged $35 so a hunded dollars

really mean zero and you're trying to keep a months wo 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 bause 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. redering your purchases is corporat number one brian, thank you for coming o today. it is always so good to you xt we answer the question, how 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.

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gerri: more and more couples are saying y to a prenup before saying i do. but w do y

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

rr these statistics are ba, buso what. you ha to 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? enacthis 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. >>t is not a business partnership. >> we are not companies, we are individuals. gerri: let e as he wiped. >> many people are saying, why then i have a prenup. gerri: let's tk abouwho you think should get a prenup. >> is if you own a cmpany, if you own any kind of real estate. if you have a amily business. yomay possibly receive inheritance. gerri: so you may not wnt to share the money with her husband? >> let you decidenot a lot tell youhat to do with your money. gerri: you said you have

children from a prior relationship. maybe you should not marry a partnewith a great deal of that. >> in my book we talk about how you need to get financial 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. me 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 ch a big deal. >> here's what i like, full and fair disclosure of assets and liabilties. >> that is a lot. if you say, oh, i have a 10 million-dollar sset. 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 dedehat is going to be divided. what will remain separate. maybyou can get somebody number of dollars each year. softer you're married for 10 or 15 years, you say goodbye, yore over the snset. en the you can say that we re over the hump and prenup is null and void. >> how many marriages end in dirce? >> aut 72%. they're king 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 cos toelebrity marriages. with millions of dollars at stake. into tight top five, the shortest celebrity marries. mber 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 marred for 14 days. and number the is dennis rodman and carmen electra. nitys. number two is britney ears and child ho sweethear 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 bcks for it late model anna nicole smith late daughter. will have all of that in 15 minutes. coming up next, more money and more problems. how hell even the wealthy are struggli in this economy. it can be done to turn things around. stay with us [ male announcer ] i've seen incredib things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because pnes use less fuel, spend less time on the ground and more time in the air.

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

primary providers and a record -0% of all households with children. that is up from just 11%n the 1960s. it led to a fiey 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 hk 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 cnnot put it to the side? yes, we can. that is not what this debate is about. lou: that is exacy what this debate is about.

gerri: lou dobb, i like itwhen 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 bout breadwinners -- excuse me, i'm your guest, i pect 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 ming an verage $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 eir jobs. we have inhim walk awayfrom opportunit they are droppinout of shool. these are huge socil issues. gerri: but i don't see how it is making society crumble. lou: you would undetand if you listen to at i'm about to do it. the pew research people have been an important study. it should rise above the nonsense orthodox eflexes in the media. gerri: this is no knee-jerk reaction. women are very proud of the steps that they have made. even in the ingle-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. myaughters-in-law work. we have republicans and democrats arguing at the margin. 40% maybe badwinners that 63% of those women are rsing children on their own and they ha 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 doat the line between republicans and demoats. women working in being breadwinners, look -- man of them aremarried.

lou: 63% -- gerri: why is this bad? lou: did you hear a single word that i said? i didn't say it s out. a single ord? gerri: well, lou, i think that we mt agree to disagree. lou: i don't disagrewith you. the fact is that i celebrate wo for everyone. men ad women and i hope that every man and woman will look at the pew research study thy 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 reintrodung a lot of peoplen the media as well. to the reality thatoo many women face in this country, it is not a pleasant one. d it has a ret impact on futures. gerri: i think a sharper issue is t lack of ising income and the decline in income per

household. i think that that is the problem. but the fact that women are working and arning. lou: did you not hear what i said? lou: $23,000 is what 62% of ose women made. that is exactly what we are talking about, good lord, gerri. gerri: i think women are doing a fine ob ringing mor money home. speak you put your banner up. gerri: they are going to school angetting a degree when men are not. let's promote your show tonight. why don't we promote your sho 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, woever s e breadwinner in your family, unfortunately looks like they won't be able to ve up thgig anytim oon.

with oneness, ric edelman, is with us now. people are having a hard time gettinback 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 abot the stock market. people a in disbelieve. many b believe that it is unsustaible. but in fact, it realy is. gerri: i think a lot of people out there -- they worry about the sok 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 bubb. they believe they are seeng a

housing bubble. would he think the righ responses? what is the righacti for any invest to take? >> we have to understand how bubbles occur. what we see right now 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 inthe water. you don't have to have this fr

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

loophole, anna nicole smith daughter made it part of the late models $39 million. all in together now ♪ ♪ we can make it better now ♪ ♪ c'mon, can we do it? chorus: ♪ yeah, you know that we can! ♪ ♪ we'll rope it up ♪ 'cause we know how to jump ♪ ♪ we'll roll it o ♪ 'cae we know how to skate ♪ ♪ we'll cut it down ♪ 'cause we know what to eat ♪ ♪ we'll swap it out ♪ we eat healthy stuff ♪ ♪ can we do it? ♪ yeah, you know that we can! ♪ ♪an we do it announcer: just moving a little and eating better every day can help make you and your child healthier. search "wean" to find doae tips and activities that you can use every day.

gerri: well, the legal battle that red for more than a decade in the coming to a close great anna nuckolls meant, famously battled to the bitterr end or a piece ofherhusband's fortun now california judge sets r six-year-old daughr is entitled to money. joining me now are two guests on this topic. mind uswhere have all been over these many years.

>> this, as you th say, has been goingn r over a dede or that starte 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, nowwhat the judge is saying is that what t is about a sanctions. the lawyers did not perform ethically. they withheld information. gerri:okay, we know tat howard marshall's estate was worth $1illion and now the judge is saying that the sanctions could mean $49 million for te 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 dges have been invoking the e famo legaldoctrine as

enough is enough. they are saying that the way the case was handled, since lawyers are representing the estat really engaging in outrageous conduct, they send documents out of statto places wherthey have never been received on the other side. the judges sort of had. they arere saying now enough is enough. you're going t 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 fiure 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 i sending out a message. the system has been made a mocky. this is the legal system and you cannot go there. you cann withhold information and then say, oh,, you know wha,

you have reached a great settlement. some people like during these lawsuits. the daughter should be gting the money. >> it i amazing that it is highly debatablwho should get what take away for me ithat these kinds of conversations go on around dining room tables evy single nigt. there may not be 49 million or 100 million or 500 million at stake. the peop debebate the kinds of things. what do you tell friends and family? people that you know about these kinds of rguments about who gets the money and whe >> it is very difficult issues. milies are fighting with each other, etc. anna nicole smith really has a lationship with the son of the ntlemen 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 thrules of a particularjudge. what happens is ey start a big number, the appellate panel is a lot less emotionally involv and usually gets cut down. and then they look at it again, they come up with a lower number d it comes back again. they're going to be bouncing around for a lon tim. gerri: we don't have much time left, but is there any advice you could give to a broader audience those w may be havig issues with family members? >> yes, makesure everyone know what they are getting.

>> absolutely. afterwards it is afree-r-all be one that is interesting. l right, thank you for coming on tonight. i preciate your time. >> absolutely. gerri: coming up xt, my "two cents more" and the must-have vñ÷oñzoç

gerri: coming up next for

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

wardrobe. playing after summer look. welcome to the show it great to have you here eugenia whether. you have a greattory about how you got started deigning hats. >> when i'd had a few too many drinks and decided it was a good idea to cut my own hair. gave mysef a bad haircut, had to shave if, hence my logo, it is me with a shaved head. i staated making half the like haircuts, anthen because it was really cold in the winter. en iwas 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 tnds, sometimes i love this color or shape. anthen you just kind of like -- you know, play with different shades and the 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 hite nois and have a men's fashion mome. 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 rightoves iterms 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, eecially young women want to know how to break into fashion. it's very coetitive. when te someone has success, th want to know how did you manage to make that happen? makkah honestly when i started i was ke 22 years old. itas 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 two bedroom i just kind of winged . finally i started developing a business sense. that is wh is really importt. you have to think about who is your customer, do you have a customer with us, this, are you willg to make e 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 glaour or more ttmboyish? gerri: which one of these work for e? >> this one is gorgeous. i see a big smmer dress. very flirty. we didn't cover e point 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 fatories. it is very difficult and i love working and being into it. gerri: thank you so much for coming on the show think this is a great hat.

gerri: we will be right back with the answer to the question of the d, do you care where of the d, do you care where your food co before copd... i took my son fisng every year. we had a great spot, not easy to find, but worth it. but with copd making it hto breathe i thought those days might be over. o my doctor prescrid symbicort. it helps significantly improve my lung fction starting thin five minutes. symbicort doesn replace a rescue inhaler for sudden symptoms.

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>> one of the biggest pork producers in the u.s. agrd to be bough by a cnese meet prospects -- process surrogatehan four point* $5 million leaving speculatn it comes from communist china. do you care? 93 percent said yes. 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 douing in the last decade as we repord 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 eati 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 rce 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? thats my a $0.2 and revisit an important topic and what have we learned over the course of the investigation and howou keep it safe and that tt

and said tt is it for the oil report. have a great night. we will see you ononday.ome bacs is it here, see you tomorrow >> where is it? winning streak owall street goes on, and where is the austerity? let's bring economist frifdrich hey yeck back inhe mix. >> what is austerity anyway? i do not know. >> i have no