tv The Willis Report FOX Business June 17, 2013 9:00pm-10:01pm EDT
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neil: we need an i.d. on get over the i.d. phobia? we'll see you tomorrow as we continue to try to sort this o %-gerri: hello, everybody, i am gerri willis. tonighon "the willis report", important new information yo need to kn. also, the markets cat stop thinng about the feds. we will have theoney moves before this wek's big meeting. and the new det craze sweeping the nation. we are watching out r you tonight on "the willis report." ♪ ♪ ♪ gerri: our top story tonight is to automakers vehicles getting
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called out. but only one is issuing a recall. expandining the call in general motors for an additional 2000 suvs. even if the car is parked, it has potential for a fire. and jeep s not goi to issue a recall for several million chfs who have a problem. let's get right down to it with our first guests. the recall, why did they not do ts sooner? what do y make of it? >> well, this is really an isue of a recall for nespeific reason and later on tey figure out that the sprlem could also be caused by a different reason. causing the same outco. it was just a matter of they thoughit was one thing, it turned out to be another. so they included more.
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gerri: uk to get that letter in the mail where they have the recall and say, keep the car parked outside just in caset cahes on fire. recall.s als the chrysler >> a they looed at all the data d said that our conclusion is that we are confident in the safety of our vehiles we don't think there is a problem at times. gerri: do you agree with that? do agree with some? >> well, i think that they are
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really -- i think the ase holds up well. if you look at their position. there are other vehiclesith the same design that are not being recalled. the vehicles were within regulaons when they rebelled. i think that it's probably going to have a hard tme otherwise. >>t is so interesting the way thathese recls ar done. some 600, 700, i believe every single year it feels like there is more every year. that's not always the case. most of the time the recalls are behi closed doors and resolved th w bween t the company and the governnt. there is a lot of information out there. information that the public never get about these cars. because the companieare ab to cat aside certain things. should we he confidence in the recall procedure? >> i think that wedo. i think the thing you have to remember is a lot of thse recalls are for very specic
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instances and a lot of the times the safety recalls are obviously the ones that people focused mmst on. when there are six or 700 a year, a lot of these are for very small glitches that ar easily remedied by t manufacturers. so the idea that just because there are hundds of recalls doesn't mean that there our problems all te time ith cars. gerri: there i anther recall adding dashbod buttons. is a work in progress. this is one of the smaller issues right now. we are waitingo se where that will work. just last week we alked about a new study that showed that these in screen systems dot keep you safe. is this still a work in progress >> some of these touchsee
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systems require more attention to the screen itself as opposed tooa novel or button you can almost push without even looking. i think that ty are reassessg what is really smart for thin that people use all the time the. gerri: we will have to watch and see. thank you for coming on tonight. >> no problem. gerri: in an unrelated story, is the economy about to hit the brakes? there s been slowdown for the past three yers. keedy aided if this year? with more on this, we have with sam saunde a chief investment strategist f crles schwab. i want to get to this idea of the economyn just a second. but first, i would like you to respond to his pink newspaper about how be bernanke may indite exactly what he'soing to apply th bakes on eing this week. we expect to hear from him on weesday. what do you say? >> i'm notso sure that that is
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shocking news. this has been building to the point where it actually starts tapering off. they he been transparent. to think about thisafew months in advance, i'm not so se that i understd why this is newswort be one youmay be calm, but the markets were ot. where do you thi the professional traders are thinking about this right now? >> the market is having little tantrums. but it's not a big surprise. we know wh the fed has done is unprecedented with quantitative easing and that thy'll attend there will be many steps between now and ising short-term interest rates, which is to be the first st of the process so there wilbe a pickup in volatility. but we just happeno think that in the medm to log-rm, the fed moving back towards motary policy and normalization, pushing this off the machines, getting them out of the hospital, allowing them to
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operatnormally is ultimately the wrong thing notwithstanding the likelihood that the market will kind of move. gerri: let's talk about how this will be the first year that we do not see an economic pullback in the summer. why do you believe that? >> we are seeing a little bit mixed dat. there is a few reasons. one of the underpinnings ofthe last three years ina go is severe polic uncrtainty. the venue had the initiation of obamacare. in 2011 yu had this debacle into august. then you have sequestration as well as the fiscal cliff uncertainty. some of that has eased. you also had unbeliable liquidity easing by central banks globally. so t's global across the board. then we have housing that s really on fire here right now. none of those conditions were in ace. >> the homebuilder sentiment numberjumping toa seven-year
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high. that is pretty darn impressive. the debateare somewhat ithe marketplace out there, is it another bubble waiting to burst. what is youriew? >> i do not think we are near a bubb. the condions have impred dramatically. you have nominal mortgage rates, home prices are preceding if you lookt this data. however, the access to credit and mortgages, weve done a comple 180 versushere w were in 2005 and 2006. it was that andnnja ype of environment i was at the heart. we don't have any ofhat right now. the financial codition, it makes a tremendous amount of sens to buy a home right now. but the silnessso rvasive around lending standas. gerri: are ou concern about quickly rising interest rates?
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anyone who wants to ttke on any sort of loan so this ma be the trigger to get people saying, you know, i n't wait anymore. gerri: that is interesting. its great to see you. >>hink you. gerri: a lot more still to come. potential tholes may lie ahead in a flood of chinese cars. we will look at wht this means for the u.s.
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gerri: telemarketers and scammers drivi amerins, including this one, not. nuts. it is gal for th to call you once you register n the do not call lis butany keep on calling anyway. interrupting your dinner and whattver else u are dog. joining me now is our next guest. it is grt to see you let's talk abouthow is the not call is supposed t wrk. >> it is supposed to work. its a federal program that was created here in washington about 10 years ago. the idea was very simple. congress created a statute which was eacted by the federal trade commission to create a national do not call registry. where people were supposed to call in and th ultimately were able t login online to put their privatphone numbers and eight database for every 31 days telemarketers are supposed to
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honor that list. it is an exple of what goes on in washington. ey are getng outmaneuvered by the saudi elemarketers. what they are ing is a it a couple of things. they are usinn technoly where they are ting to do his around a regulation and latch ontoxceptions under the law. you know, exceptions like nonprofit associations and organitions, taking data research. and now this is where people are getting these annoying calls all the time.
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gerri: for the exemtions, political organizations, charities, telephone surveyors, companies that you have an existing relationships with. i'm thinking they would interpret at liberally. i mean, is a regular amecan that would like to eat dinner without the phone ringing, what should i do? >> you know, a lotof people ask whether we should reregister or not. the law isxtended a couple of years ago to not even worry about this. they also outlawed robo calling. now it is more of the sme problem. so i think that there are some answers. but it's really based upon ivate enterprise rather than help from washington. gerr you put the scammers against the feral government. who do you think wins? but let me dd this. i think this iue is important. this is a way that a lot of rip ofartistset ahold of people who may not bebe that happy, lie older americans who may be, you
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kn, maybe they just don't know the people out there trying to rip them off by telephone. we needto fi a way to stop these calls. at the endof the day, so many of them are ju scam artists trying to take money. >>xactly. statistics show that this i on the rise. people need to understand how to fight back. for example, who wil voice ts of jobs out there that you can actually implement the techlogy with. where you can create a filter that can recognize these calls e coming that are coming in. you can actually fight back now. there are ways to combat this. gerri: will voice and data tone. okay, thank you for that. thk you for coming on. now we want tknow what you ink. here our questiontonight. log onto erriwillis.com and
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vote on the righside of the screen. i will share the results at the end of the show. and this story from last week. we wt to thank you for all of your-mails and tweets. also the recnt coverage of charity. the good and bad and the downright dishont. we are going to keep the heat on. on friday we talked about a fundraising over $11 million for the families othe sandy hook school massae in newtown, connecticut. but the ndividual who collected it has ot given up any of the money yet. that is six months of waiting. i have een writing about it on my blog. we are going to continue to follow this story nationwide. americans get $300 billion a year and give tocharity. you have the right to know where the money is going and if it is being spent wisely. we will help you do tat. ke the e-mails and tweets coming. tomorrow, i will be talking wih chelle cruise.
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she was connecticut advocate at the time of the shooting and contacted us after friday's show. she has been gathering information from those all over the country. join us for that tomorrow. coming up later in the show, as the markets mve, we will tell you how to invest. and u.s. carmakers are making a comeba. several are ramping up our production in china andmay drowown out the global competition. stay with us. wi the spark miles cd from capital one, bjorn earns unlimited rewas for his small business take theseags to room 12 please. [ garth ] bjors small busiss earns double miles on every purchase every day. produce delivery. [ bjorn ] just put it on my spark card. [ garth why settle for less? ahh, oh! [ garth ] greabusisses deserve limited reward here's your wake up call.
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how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone whoived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed much is the official retirement age. ♪ the question is ho you make sure you have the money you ed to eoy all othese years. ♪ gerri: more
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>>rom the fox business studios in new york ci, this is "the willis report" with gerri willis. gerri: automakers reing up again a huge supply of cars out of china out to flood our markets. our reporter has the details. >> that is right, it detoit could be facing a challenge just as they try to get out of deep water. by 2020, chinese manufacturer will bable to make 30 million cars a year. that is twice the current u.s. market rate right now in cars. it is a huge amount of cars. the demand in china s getting lower and lower. yet they are still making these cars according to the government. this means dumping them in foreigncountries.
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a 24% average annual growth between 2005 and d 2011. now it is down to just 8% annual growth. it is forecasted to stay tt way unil 2020. you don't see very many chinese branded cars. they make up 70% ofthe marketshare, only 30% are domestic. so the chinese like foreign volkagens, th focu does really well. brands like that, basically. they are dng their cars into the overseas market. the ceo has said that we cannot participate anyre because we simply cannot compete. @%ey are selling cars for $12,000. >> if they are not buying chinese cars, why uld americans regard? >> the cars are getting more and more affordable. i think if you look at th auto market, a lot of us are loking for the affordable and smaer cars. thats what the chinese are good at making.
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so they are able to pump up the market. they are doing better in europe and they are doing it inamerica it really hes. here the problem. for american investors, this could really cnge the way that american car companies approach the auto industry. we have seen this parallel in europe. the chinese are selling solar panels, dumping them there. some are 80% below market value. gerri: some of those solar panels were not of the highest quality. thk you for coming on. it is always gat to see you. one o the big things to think about en buying this car is you're done with it. chrysler and honda cars have high resale value. number five, the ford focus. this iexpensive sedan sells for under $20,000 and it can be resold f more than half of its
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value. number four is the chevy lverado 1500. nearly 55% of its value is retained when it is resold. and the dodge challenger i between 25 and $35,000. and you can get back nearly 55% of th number three is the jeep wrangler. one of the most popular on the ad. also between 25 and $35,000 for the resallue is nearly 57%. the numberone car is the toyota tacoma with the highest resale value. you can usually resell this truck for more than 60 of its original value. others on the list include the honda civic. for the complete list, go to gerriwillis.com. we have more coming up. must have items that are 3-d tvs.
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♪ gerri: well, the only thing that the markets care about right now is the fed. when it will start to ease of the stimulus. we have been the bidding clues command today the financial times rerted that the fed is close to tapering off of its bond buying. all this has given the market's tar tantrum. as charles robb dcribed here earlier. how do you play this? with us now, editor of money news all to the above report. this ceo. and this managing partner at king new capital. i will srt with you. this story, only days earlier we had a walltreet journal, the john helton lapsang just the
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opposite. do not worry. we are not being taken off of the ivy anymeoon. >> i tnk it shows that the media has no better insight into what the fed will do that we do. we will all find out wednesday at the same time. there really is no special week that they are getting. the thing one of the things, nuances of was that tapering is not necessaly going to affect interest rates. that does not mean it will be raising interest rates. before the getting cse -- gerri: the market will do it for it. >> thehave to stop buying. and they're not going to stop buying 85 biio per month. they might take it down a little bit, and it will take a long time before they can. gerri: to y. let me read youhat the financial times said directly. ben bernanke is likely to signal the u.s. federal reserve is posted tapering down 85 billion a month and ass purchases money all the press conference on wednesday. the market sold off and then
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turned around. what do you make of that action? >> i don't think that theed can afford to taper justet. i do think that they really were very pointed and wanted toell the market, a, don't expect this forever. they're basically putting a ttlelug, lting you know that this will last forrver. but they're trying to ease the market into the idea that there is coming, but i don't think it will be here just yet. if they sto tapering rit now the economy would slow down even more. the unemployment rate. gerri: i have to tell you i look at this economy. delicate this economy and think, boy, we have pundit percent@ gdp growth, 7% plus jobs unemployment rate. liz and saunders told a shootout we would n have that diedown in the middle of the year like we have in the past twoo three years. what do you say? >> theyre exactly right. this is where we have seen a massive disconnect between market's fundamentals and the pricing.
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th s&pontinues to motor hire an durable goods continuedo fade. consumeronfidence has continued to fade. so we don't see even last week's induutrial production numbers implying for first half of the ar basically in the second quarr flat. you adjusted for realorld inflation, the reflectionumber would be negative and very uy. that does not help gdp figures. gerri: wow >> they' not in a position to taper. they're not in a position to pull back i think what you see -- gerri: we may g it. to you. i feel like the economy should be stronger. need more growth. how do you play this? >> well, that is the interesting ing. but i am recommending to people is that insung your portfolio is fairly reasonably priced right now. if you areorried about a big reaction to this number, you can buy some downside protection. in the event you get a big move you have protection.
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gerri: really complicated a takes a lot. >> it's a little mo complicated. otherwise investors need to stick to their allocation, rebalance on their normal schele and long-te. gerri: would. gerri? what y do? >> what i would do, i would simply buy stocks that are not pred by the marke is. there are stocks that are priced cheap. fees 1/6 t ten. gerri: aret you exposing a massive sl-off? why the need to buy cheap? wouldn't it be an opportunityo go innd buy things that maybe were on your to do list, your wish list? wouldn't that be a smarter way to go? >> because think the stocks that are cheaper not going to t much cheaper. the broader averages are definitely. the w could go from where it is now eventually backo 14,000 on a sizable crection. the&p to 1500. i expect a fairly sizable coection, tapering or no capering gerri: what do you say? >> i wld agree. the downside is there.
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e other guest as well. put options are anffective way of insuring againsthe downside. less complated would be moving cash to the sidelines. some battered sectors. gold is attractive. avoid the dollar. the dollar day. we have broken the 150200 day moving averages. meanwhile, you have the daily, ekly, monthly chas for goal whh are shaping up for a major recovery in the second death of the year. beyond this particularews. tomorrow we have amendous story against the dollar moving toward the end of the year and pro gold. i think these arehings that the instry should definitely consider. gerri: what about beyond this week? what about whenever it is that ben bernanke says? the balance of the year, do you see the economy shoring up? does it get better? >> is tough to see it getting much better. we're seeing globalrowth slowing, not seeing inflation. and it is very abnormal for
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there not to be in eight t 10 percent correction at some point within the yyar. and if you are all so bullish that is a good thing because then youan you know, modify yourortfoliond get those names to you want a cheaper. gerri:ight, 10 rcent puback. he st of agree with that. and the only person trying to remain a bowl and say stocks will connue higher, but i don't have a leg to stand on its earnings go down and we have higher interest rates. what do youay >> you have to buy these and be patient. a lot of them to my right now stocks o mostrice to perfection, fundamentally overvalued. it does not mean they have to come down tomorrow, but it does mean it willome down and so have yr cash ready and buy them when these big plunges happen. gerri: last work? >> yes. a 40% of last year's earnings per-share improvemencame from share buybacks, not fundamental growth in the economy or mpanies doing better.
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that kind of financial enneering and think you're seei a misperception of the market. look at the levels we have reached in the s&p and out, and these are levels that are unsustainable unless you hae massiv money printing fro the fed continued. so arguably to your point we could see h higherrices, but it's going to be dependent entirely on e fed. gerri: next te you guys come ba and what better news. thank you so much for coming in. recitative. time now for aook at stories tonight on foxbusiness.com. stocks endg a day in the green end of the federal reserve policy meeting. just talked about tha. the dow of nearly 200 points before word sp that the f may be starting to taper off of its stimulus. and for the first time in seven years, most home builde a optimistic. the national association of home builders, wells fargo builder sentiment index leapt to 52 from 44. was the biggest monthly increase since 2002. presiden obama and top eu
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officials will meet in washington next month to talk about a sweeping trade deal. the aim of the talks to be to promote economic growth by eliminating import tariffs and changing of the regulations. apple says it will see between four and 5,000 requests for new u.s. law enforcement customer data over the last six months. those requests were made as part of prison, the recently revealed classified n program. the most cn form ofequest came from police invtigating robbers and other crimes in the search for missing persons. and those are some of the top stories that are right now onn foxbusiness.com. when we come back, newiet that is all theraze in europe. should you try? we will explain. and espn annouing the end of shooti things in 3-d. does this mean 3-d tvs are over? find out next. ♪ you hurt my feelings, todd.
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i did? whenisa signature askedverybody what upgraded experiences reallyattered... you suggested luxury car service instd of "strength traing with patrick willis." come on todd! flap them chickenings. [ grun ] well, i travel a lot and umm... [ male announcer ] at va signature, every upadedxperience visa signature. your idea of what a card should be.
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gerri: well, it is official. espn is pulling the plug on its 3d network, blaming a complete lack of intest. so what does this mean f your living room? joing me now, take analyst for all things digital. this is fantastic news in the willis household because that means i can ignore my husband's request for a 3d tv. do you feel the same? >> i can tl my dad not to, ich is bella told him recently.
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it was a gimmick that we never rely took off. the moment is gone. i checked the market dated today. a chess set about 33 million of these things sold last year. this is the pk and it is not going to continue. gerri: 150,000 tvs are turned intohr channels, and you have to think that this wld work i sports. >> exactly. in sports that is or is a the problem is. espn clearly had a problem think about the logistics'. and then, you have to have two cameras. the expense and not mh of a payoff. gerri: what other people --f they are ignoring 3-d is bause somethin else has their attention. >> a the second screen. i don't have any market data to back this up, but there is some stuff coming up the begins to show people spending a lot more time on thehey're smart phones wle they're watching tv. the second screen experience, sharon facebook and twitter and
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so forth is an important trend to watch. gerri: absolutely. we do that all the time. watch athing from sports to movieso tv shows and pay little or almost nothing for the privilege. -'m thiing if yr one of thosfolks whbought a 3d tv set right now youre probabl -ot very happy. >> no, then again, let's keep one thing in perspective. there wi probay still be somepecial events that mht beroadcast. nbc has not said they would do a 3d option for the olympics. one te one of events, b as a mainstream vwing option -- and by the ake of discovery is still woing on free net. a call that their research and devepment. gerri: that would be beautiful. you say there is another technology coming into play that will really be terrifi. >> sony showed off of 4k viewing technology. high-definition tv times for. gerri: 4k
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>>hat's what it's called. it's like looking out a window. and what itasically means is, you know, i think there are some additions to the picture there probably too fine for the human eye to perceive. i will say -- gerri: if you are a bd eagle before case that is for you. >> exactly. >> exactly. gerri: thank you for coming in. always great to see a. thank you. well, morto come. my "2 cents more" commande're breaking down the latest bad -- fat diet. you go for a feast and famine and back aga. does it wk? details coming up. ♪ with the spark cash card from capital one... boris earns unlimited rewards for his small business can i get the smith contract, ease?
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you come cse. joining me now, weight-loss speciali. we were talking about this. i think thathis date, i think this one makes some sense. you disagree. >> i really thi tha it can be dangerous for a lot of people. it could be the fast diet to know where gerri: you say for certain specific groups. if you're older a have our issues iis very dangerous.
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>> people haveeart conditions because if you become hypoglycemic and you have cardiac disease you could have a heart attack. it can be dangerous and can also interfere with the medication. gerri: let talk about exactly what it is. we described broadly you read several days what you like. 600 calories each fo two days. at breaks io maybe a couple of banks for breakfast, grow a chicken and lettuce for lunch. that's it, my frien fish and rice that goes for dinner two days a week to do that. now, you say that it would be bad, but you would lose some fat, right? >> you might. this is a thing. fasting can be good short term. look at the caveman. he had to passed a lot. now there is a low levels can go down, your insulin can become more sentive, andnd alsolmost like testosterone and groh hormone which are very important for weight maintenance and a lot of us stop producing as we get older, that can go up.
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if you're doing this year real thing wre for today's your fasting and in the rest of the type area where everyone, that's not good. gerri: yourlood sugar will be l of the place. >> it can be. ye and your iulin will kn what to do because for today's you are controlling it and the other days he is one has to spike up because reading of this other fo. gerri: this is not the first night out there that is supposed to beike a cave m. >> that's much healter. gerri: all mt allhe time and fruits and veggies. >> a lot of fiber. i believe the paley of diet has a lot of basic fiber and i agriculture and food, things that grew naturally when our genes were evolving, and this is when we were cavemen. gerri: you like this. >> i do because it's natural to the human body. something likike this, to basically star for two days and then sit for five days you can you which want to not make sense. most pple unless they are on
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an appetite suppressant are not going to b be able to do that. gerri: tell me the best way to diet. let's say ion't want take charge but i want to lose weight. >> i do believe management periods of fasting. what i mean by that is, you should have an early dinr, t's say before 5:00 p.m. a fast until an early-morning the next day. that would be easy. so what you do the is your d some level becomes much more sensitive. levels go downd that is when you burn fat. gerri: i can handle tt. eat dinner at 430 bause and hundred and and then a live long and in the morningou he a decent breakfast. >> and i think you lose weigh that way. i do not tell people to grazed. that is not a good idea because when you are grazing yr insulin levels of spikingf. that's nothat you want to have happen. inour insulin levels bike or go up even a little bit you are not ableo burn fat. rri: i always learn something from you every time your year. thank you for coming on.
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good to see you. >> thank you. gei: on to ts d in business history. 1950, the first kidney transplant in the u.s. was performed on bruce tucker, 44 year-old woman wh kidney disease in ccago. the donated kidney was rejected ten months later because no immunosuppressive therapy was available at the time. the transplanant gave her remaining kney time to rever, and she lived ather five years transplant surgery took off in the 1980 after a more effective immunosuppressive was developed. today, 70,00kiey transplants are performed aroun t world every year. but the very first kidney transplant took place tay, june 17th, just 63 years ago. we will be right bac with my "2 ces re" andhe answer to our question of the day. does that do not call list wor stay wit us. ♪
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♪ gerri: well, earlier we talked about do not callists and hal i along with many of you out there, i sure, still get calls even awa on the list. do they work? here's what you are posting a my facebook page. clearly they don't. i received calls on my cell phone, even though it i on a list. is there any enforcement? evelyn said tonight used to work and for someeason they don't anymore. are thankful for caller id. we also asked a question on gerriwillis.com. 14 percentaid yes, 86 percent sa no. be sure to log on to gerriwils.com for online question eve we take. stop calling me a dinner to b he a some of your e-mails.
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i am teesevethank you were too hard on ego boost engine speed they have been icharge for a llngng time with gat to sex. to say this to change the engine unrealistic. absolutely none needs any more ammunition to dismantle the irs. the form of the current disgusting iras abuse of power. perfect moment, a perfect example, a perfecttmosphere to begin the eminationf this both parties so strongly stated we need a complete overhaul of our tax cut, and the majority was a the result of that overall will be the rebuilding of our taxing body. jerry from cifornia agrees, maybe all of this is being brought out to give incenve t change the tax cod, even eliminate the irs. i have lost total faith in big institutions and o governmen and and very scared for my family long-te.
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i hope millennial cyrus saving because if there are saving in dollarthere will be broke long before they retire. and janerom indiana tells us her story. yes, the irs believes me. i was told more than once the taxpayers pay any bill from the irs because hey are intimidated and do not want to appeal a disagree. whether money is owed or not, they count on thi actio and ke in millions. in decembereceived a bill for $600 for interest on the report. i contested and one. good for you. we love hearing from you. some in the ml. go to a gerriwillis.com. we changed it. disco to the website and theree3 will help you to get an e-mai finally, many of you wrote in about our invesgation of arities and wanted to know how to make sure your money is going to the right place. frankly, it is up to your checkup the charities. here are three things you need to know to make sure terrible dollars and not being drawn away
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don't ge money to an organizaon that calls you asking for donations. one likely they hired a telemarketing firm to raiss money. and that is dollars that could help people. instead pick up because you believe in and find the most responsible insurable operator you can find. if you want to get in the wake of a tgedy cannot pick and esblished charity and dedesignate those dollars for te victims of the event. the way yourenerosity is not siphoned off to a future crisis that does not serve the cause the you want to help. also, make sure the charity you choose is sending a large portion of dollars on the cost. the most efficient spend 75%. services and less than percent goes to fund-raing and administration charity navigator provides analysis for free on their webse. give generously, but wisel that's my "2 cents more." that's it for tonight on he willis report." thank you for joinings.
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you not forget to record the show if you cannot watch us live. have a great night and we will see record tomorrow. ♪ lo good evening, and thank you for being with us. the world has been waiting for several days for president obama and the russian president to sit down in a 1-on-1 meeng of the g87 in belfastnd to dcuss their differences over syria. president vladimir pin publicly criticized president obama's decision to arm the syrian rebels as reckless. today's meeting had been seen by many as a hopeful opportunity for the two leaders to resol their competing and conflicting foreign policy goals for the region and syria. instea both presidents effectively threw up thr hands at the conclusion o
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