that we have each night. be sure to watch tomorrow. i will beat talking with jeffrey katzenberg. you know, they make all of those movies that kids love. they made a deal with netflix. we will have it tomorrow.@ here comes "the willis report." gerri: tonight on "the willis report", a big change in the way that we view obesity in america. but already warnings that will make us even fatter. and new problems with the obamacare help exchanges. millions at risk of having no health insurance at all. and getting groceries for free. we are watching out for you tonight on "the willis report." ♪ ♪ gerri: our top story tonight.

it's being overweighoverweigh t annulments? the american medical association think so. voting to classify obesity as a disease. their decision could have a wider impact than just one third of americans who are obese. here to weigh in is the ceo of vital springs technology and director of the new york cardiac center. welcome to you both. doctor, i'm going to start with you. is being overweight a disease? >> no, i think it is an addiction. i think that it does nothing in do to hold people accountable for their behavior in terms of overheating and serious addiction. it is a road into this country's productivity and calling it a disease that can be detrimental. >> you disagree. why is that? >> it is a disease.

the definition is an abnormal condition that interferes with bodily function. the american college of cardiology has failed in the assessment that it is an integral object and hormonal condition. i think calling it a disease would be helpful because we want people to be treated early. weewant to work on diet. gerri: there is a whole financial aspect to this. let's get to that effect them. i want to know if the ama says that obesity is a disease, what does that mean in terms of how it is treated, if it's not a condition, it is a disease. what does that mean as a practical matter. >> the ama's guidance has no ruling regulatory effect. it is a suggestion. but it is not by any means changing regulation so that tomorrow morning people can start charging or coding obesity as a diagnosis. i believe that the guidance is

significant. i will not disagree that obesity is a significant metabolic problem. but it is a predisposing condition with diabetes and hypertension. if you start calling it a disease, are we going to call smoking addiction a disease? gerri: okay, so say that i'm overweight. cannot help it? at the end of the day, doctor steve, what you seem to saying is we can change all of that was just a matter of getting somebody to make the right choices in the marketplace. but not everybody can lose a lot of weight. >> i think if you work on diet and exercise, that is a step in the right direction. i agree with the fact that legally doesn't change anything tomorrow. but if we look at the discussion on the news and media today about obesity, people are more aware of it. what we are studying in cardiology a couple of years ago, it shows that obesity alone, not including hypertension or any of the other factors, such as cholesterol.

it increases the rate of fatal heart attacks in men by 60%. not a gallbladder disease is giving it the right credit than it deserves. gerri: i think it is well known that being overweight causes physical health problems mental health problems. people seem to be saying that if we just raise awareness about obesity, but that is a great thing. people know that overheating causes obesity. they no lack of exercise causes obesity. they seem to be making their own choices here. how does the ama effect that? >> a lot of marketing campaigns, look at mrs. obama's campaign. it's nothing but just a marketing campaign and it has not put a dent in reducing childhood obesity or others. there are number of things that have to happen. you must have stricter regulation on food manufacturers, regulations in terms of salt and sugar

composition. ultimately you have to hold people accountable to their behavior. yes, there is a genetic predilection. gerri: should it be the law, or should people make their own choices? >> i think people need to make their own choices. but if you have the insurance company start covering it, people can go to a doctor, they can get more monitoring, more motivation. maybe they can develop and it's cheaper to start early on and get these things going been waiting 10 or 15 years down the road, which includes hypertension and high cholesterol, diabetes. it's cheaper to do it earlier than wait until later. gerri: we are showing people now the medical costs. $1429 higher than for an adult with normal weight. doctor, is this something that should be covered by insurance routinely, and what does it mean

once we are all under the obamacare rule? >> insurance companies are going to pounce on the opportunity to charge for obesity as a diagnosis. because it only enables them to help cover the risk and the cost that are predisposed with high blood pressure and doctors are going to hope that a lot of things that they may be doing now, in terms of counseling, they really don't have a diagnostic code, but at the end of the day, you may also get consumers who fall back on the system and say now that it is a disease, i will let would let the system pay for it, just like i will with diabetes and hypertension and don't have any personal accountability. there is that risk. gerri: can you respond to that if you would, please? >> i think that the doctor will be able to motivate the patient more where the patient can't always afford to see the doctor, they will be able to come to the doctor if it's covered.

if the doctor is successful, he will prevent the most expensive problems of heart attack down the road. if we can get them to a doctor who is really going to push them, i think it will work out better. gerri: that is interesting conversation. thank you both so much for coming on. a great conversation. now we want to know what you think. who is responsible for the obesity epidemic? the government or the people. launch gerriwillis.com, vote on the right-hand side of the screen. we are not done yet. coupon craze is taking off with young urban professionals in expensive neighborhoods. an extreme coupon clipper and he pays thousands of dollars doing it. joining me now is edward daniels, an actor who just landed a role in the netflix series house of cards. here's what i don't understand. you are 32 years old. i am used to little old ladies pushing grocery carts and

offering coupons at the register. what is going on here? >> i started to coming back in the fall as a way to save money. i started watching one of the popular couponing shows. i was curious as to how these people were saving so much money. in making these deals happen. they started to follow their research technique and i did it on my own and i have been doing it ever since. it looks like they say thousands of dollars on groceries and other care items and such. gerri: some of your neighbors think that you are hoarding. have you taken it too far or is it a real benefit in your life? >> it has been a benefit. i have not become a four-door at all. i buy only one going to use. anything i get for free, i donate to shelters and food %-living in washington dc, we le in a bubble of very expensive real estate and very expensive cost of living. this has been a great way to

save money and find a way to save money and improve cash flow. to be able to do what i need to do with my money and other aspects of my life. >> i think everyone is looking for ways to do what you just said. to control your spending. be the master of it instead of being forced by the grocery stores and retailers and everyone else to pony up the dough. you want to take control of it and do it yourself. what are your strategies, your best strategies for doing that? >> the first thing is to stockpile coupons first. i get the sunday paper and i get extra copies. so they are going to be in my building. i get extra copies of the sunday paper every week. i have my coupon binder here. they are organizing a binder, everything is right here. been keeping up with sales, the circulars from the retail stores every week.

he basically mapped the coupons with the sales. you can also stack coupons. you can use that on top of that. also, the little store cards that many of us neglect to grab or to use. discount rewards card. you end up saving at least three times less the amount of the retail price in a store. gerri: what categories he said most and? >> lately it has been groceries, especially with the sales going on around the area, groceries have been amazing. i have a week where i probably spent or saved about $500 on the grocery bill. okay probably 10 or $15.4500 bill that week. it has been awesome. personal care items, body washes, shampoos, feminine care products, which are going to a women's shelter in the also to the women in my family. the one that is fantastic.

edwards, thank you for coming on tonight. it is a great story. i love to hear about people that are taking control of their life and in making decisions themselves on spending and saving money. thank you. >> thank you. gerri: we have more to come this hour, including one about the technology in your car. in a series of setbacks for obamacare. why the law may not be ready to be rolled out by the start of next year. stay with us. ♪

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nothing proven that this would be ready to go. there have been deadlines missed. the series headlines are coming up later this summer in october. a lot of the question is execution, whether or not this exchange of data actually cover this until you actually test it out and make it work. that is a serious issue. being able to market it so people don't know much about the law, that they aren't interested in the product. gerri: that is absolutely part of the problem. some people don't even want to be involved. what about this problem. apparently the obama administration has said that the $400 million that you give is to start the exchanges, we need more. 1.5 billion. come on, every time i turn around, this is costing more and more money. >> that is correct. they're trying to find every penny that they can come up with. they have done a lot of creative budgeting. just like the need for more funding for the irs to find out

every piece of information about you. the larger issue will be with premiums look like. so the people who are supposed to be paying more in order to cross subsidize everyone else, it is more likely early enrollment and people have nowhere else to turn and there is going to be a problem to make it balance out the. gerri: aetna is saying that they are not going to be selling individual health insurance policy in california because they just can't compete on price. here is my worry. my worry is that a lot of insurers are going to back away from the system. in different markets, in different states. it is going to be really expensive. are we in a situation now where we have unintended consequences and insurers don't want to be about? >> to a degree. some insurers will be willing to take on new business. but for folks who can continue to stay in the larger employer market, they don't need the hassles. the unknowns for the regulatory rest are basically offering a

product below cost. thinking that they could do so over time. we are going to get less competition as a result in the insurance providers. gerri: it was supposed to be just the opposite. >> that is right. if you want to regulate people, you should have people set up for that. gerri: i think you have a very interesting point of view. we are seeing local governments downsizing because they cannot afford to cover their own people. what do you make of that? >> well, if you push people into a corner where you are asking to do something that they can't afford or don't want to do, they won't necessarily have the next best alternative. the local government act like employers can handle this, if they can't handle this, they will have to take these steps.

one of the ways is to reduce the hours so they don't qualify as full-time employees and don't have to be insured. they have to make their budgets one way or the other. some of them will have to do it before filing for bankruptcy. the. gerri: salt lake city utah, plano texas, thank you for coming on. i appreciate your time. >> you're very welcome. gerri: later on the show we will take a look at all aspects of your retirement. and next we answer the question, how do you do that. tips on reaching elite status. stay with us.

gerri: a little known trick can boost your frequent flyer benefits how to make airlines compete for your business in 60 seconds

gerri: elite status in frequent flyer programs can give you a lot of extra benefits. many including incentives to switch loyalty to another airline. how do you pay airlines against each other to get the best possible benefit? joining me now is tom courson, tell us how these status matches were. what is that? >> well, they have been doing this for about 20 years, maybe lonner. if you are an elite status person, that means that you fly an average of 20,000 miles or more. 50,000, 75,000, 100,000 miles.

if you're one of those elite status people and you want to switch your loyalty to another program, let's say you are with american do you want the united -- you can usually just a minute your last, what we call your frequent flyer statement. show them that you have flown so many miles. show them your status. they are very eager to get your business. lately they have been charging you to join. gerri: will the way that? >> you know, if you tell them they have a choice between delta and american, you know, they may. it is just one of those things where you can always negotiate with the airlines. gerri: as you were saying, united is raising the cost for a late status. $22,500 a year. so when does it make sense to go

for this elite status? >> they could have to do with a lot of frequent flyers and those who qualify. it's like, you need to say that i'm not going to put up with this anymore. i live in new york, i go to l.a. and san francisco. and i have american and delta and virgin america. and i have those choices. and you know, after a few rounds of akamai that united may step back and say that maybe we should not do it or maybe united is hoping that the other airlines follow suit like they did back in 2008. gerri: so alaska, u.s. airways, delta, all of them offering these elite status matches.

it seems to me that this is really the cash cow for the airlines. they love these people. they want to hold onto them. they will do anything they can to keep their business how much leverage do you have when you're talking to these airlines and you are a weed status? >> i don't think we have too much. it depends on if you have your own agent. they are going to get to know you, they will waive the penalty than the surcharges, they will do a lot with a hundred thousand. you are just a number in the system, you probably don't have too much weight. if you fly business class to europe or asia, i promise you that they will be kissing up to you everyday. one thing that you have to remember is delta and some of these airlines, some of them include westin and sheraton and if you have an elite status, and you can get it with other

companies which gives you free upgrades and free wifi. and i think vice versa. they will match your level as well. gerri: don't just work it with the airlines, also worked at what the hotel peoole. i love that. tom, thank you for coming on. we appreciate your time. >> thank you. gerri: just because you have learned elite status, which airlines should you avoid? that is part of tonight's top five. number five is tiger airways based in singapore. more than 20% of its earnings. this irish budget carrier is notorious and not jetblue, but jet to. and number two is a legion.

in the number one most greedy airline is, you get the spirit. nearly 40% of the airline money comes from fees, including $100 for kerry on, $200 to sit up front. three dollars for water. and $10 to print your boarding pass. that is such an insult. the number one based on percentage of earnings, united tops the list of bestsellers. they bring in close to $5.5 billion. it's all about how you count it. coming up next, looking at you and your money is the fed makes its prediction for the u.s. economy. where should you be investing in what should be your priority when it comes to saving for retirement. should your kids education topped the list. exclusive tips after the break.

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>> from our fox business studios in new york, here is gerri willis. >> it is full speed ahead of the federal reserve as ben bernanke says he's not taking away the punch bowl, not yet. but there is an end in sight. looking out for your money tonight with investment news to make for the party ends. the author of investing in the age of sovereign default and how to preserve your wealth in the coming crisis. peter, thank you for joining us. so ben bernanke is saying that we are not making a big move just yet. but we could before the year ends. what are you telling people that they should be doing right now?

>> i would not change ny strategies. i think that they are not going to do anything this year. i also think that we are in an age of deflation right now that is global. i'm not really sure taking away the punch is going to have that much effect once it happens. the market disagrees with me. gerri: that is an interesting point of view. it's easy for you to say that nothing will happen this year. but how can you be so sure? >> you cannot be sure. but i do not think the fed will take away the punch bowl till 2014. that is what i meant rri:kay. >>hat whetheyill art. ey hehnetly rated publ-relionsrobls fo emsees. e marityf thmark is sicay haingn evrword. gerri: that is absolutely right. there is a story in "the wall

street journal", there has been about what is going to do next, the market goes up orrdown on the news. you know, you're talking about don't change your strategy right now. and yes, in the last two weeks we have seen bond investors, pulling out almost $18 billion. loos of fear that the bull market bonds is over. what you have to say >> i don't know if the bonds are that exciting. but i would've said that anyway. i think that they needlessly or moving money. where are you going to move it to? if they put it in a short-term instrument, they have nothing. they could move it to the stock market, although they did not today. that is really where i would prefer to have most of my money, in the stock marret and in large global corporations that can benefit from the acceleration of

technology that we are seeing. basically that we can deal with the u.s. and other governments and all of their increasing regulations. gerri: peter, and you for coming on tonight. i appreciate your time. interesting point of view. one that is slightly different than the norm. we appreciate that. thank you for coming. >> it is my pleasure. gerri: it is time now for a look at stories on fox business.com. stocks on today after a slightly more optimistic outlook for the u.s. economy. investors taking it as a hint that it was near reducing its stimulus program. the dow jones dropping more than 200 points in the three digit swing. and this is to accept an offer from this thing. this network says the scandal continues with the iis.

despite furloughs and the sequestered. the irs irs saying that they have to hand out the bonuses as part of union contract. and do you know this guy? >> you will like the way that you look. i guarantee it. gerri: well, he is not loving the way the men's warehouse has let him go. they gave no reason for the abrupt firing of men who built men's warehouse from a small texas for 21 with 1100 locations. those are the hot stories right now on fox business.com. and onto retirement, folks planning for retirement, it is important to make sure that you are set financially. with us now is charles schwab with an exclusive look at the list. >> tell me what should be the

priority? >> multiple priorities of folks are working on. the first thing that you really need to look at is ocussng on saving for your retirement. specifically i would tell people that you need to be saving enough and the company planned to take full advantage of any match that your employer is putting in there on your behalf. gerri: what is lower down on the list? what should be the priority? >> pay off high interest rate and it gets a lot of people in trouble. i follow that up with an emergency savings bond. it is critical that you have that set in place and i would recommend that anywhere from 83 to 86 months living expenses. when i look at how many people took money out of their 401k to pay for living expenses, this%

might surprise you. 34% of people do that. >> you also recommend to cap that 401k for a first home purchase. where is that on your list of priorities? federal reserve itself says that most people, when they retire, the biggest lump of cash value is really in our house. that is where americans put their dollars currently. >> that one might surprise you. they talk about saving for your child's education and saving for a down payment on aahouse. we were looking at how do you optimize this savinns for the best return on investment. with that in mind, college savings actually include saving for a down payment on a house. >> i'm surprised by that. you can only save for retirement, but your kids should save for their own college education. i think we need a whole rethink on that topic.

you know, you have some interesting stuff and i thought this was interesting about timing investments. everyone thinks that it will work out. and if you do that, you will make a lot of money. if you invest at the same time, like clockwork every year, you'll make 171,000, 149,000, you stay in cash, and catherine, have decided this is critical. i think so many viewers have done this. $66,000, let's talk about that. >> well, we received far too much about the last few years, people sitting on the sideline, trying to wait for that day. what's most important is the consistent strategy using dollar cost averaging. the numbers seem to pan out and show that that is where you will have the best results. we really recommend a long-term

approach where you are investing on a consistent basis the one that makes perfect sense. one more question, i know you talked about this. if you have a short-term goal you want to buy a house, what is the best place to invest that money? >> well, it is a short-term goal, you want to make sure you are investing in something where you have access to it when you need it. particularly important is emergency savings. if it's something that could be one to three your goal, you want to look for an investment where you're going to get a reasonable rate of return, but not tying up your money for too long of a period of time. gerri: a cd? where would you put a? >> that is a great example. >> catherine, thank you so much for coming on. it is great to see you. >> thank you. gerri:ur coverage of retirement continues after the break. not you have your financial plan in order. what about preparing your mind for the golden years?

more advice is coming up next

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gerri: well if you are responsible, you spend a lot of time planning your financial future and your financial security and in retirement. we just talked about it in our last segment with charles schwab. but what about emotional security? psychologists are saying that we need to spend as much time planning what we are going to do in our golden years as we spend planning how much we we will

need. i want to start with this idea because i think this is a pressure cooker for families. what do people have to extend the retirement deadline for? maybe they plan to retire at these deadlines and they can do it and how do you deal with that feeling of, oh, i have to keep on going every single day. what you do? >> first of all, the emotional and ecological portion, all of this over the last 10 years, it has been very hard pressed. so many people have lost a lot of money with their other things that come with it. it is not such a bad reality to use that as a transitionary time

use that time to develop passions and a hobby in which you can do something that you have dreamed of. so the bounce the idea that the economic necessities mean that you have to work. with the idea of following your dreams. >> people i know the retire the old fashion way, which is to say that they don't work anymore, they find it very frustrating as well. one of the big pressure cookers is the marriage. >> yes to people have to prepare for a marriage that has a retirement in it. as well as they have to say it is 24 hours or more as you get this emotional. gerri: burst of upcoming have to

be very respectful. it means that you have have quality discussions is another aspect of preparation and planning. those things have to be taken into consideration. it makes you have something to look forward to. what other emotional planning do i need to do? >> you have to feel as though you are doing something important. you have to have a passion, whether that's in volunteering, reinventing yourself, making model airplanes, whatever you decide. you have to have a passion that keeps you going. something that makes you feel important. and you have to keep up your social connections. when you're at work, you have naturallsocial connections.

gerri: is it easy to do? >> is easy to do. when you are not retire, that becomes very lonely spirit you can't live that way. you have to have friends and family around. doctor, thank you for coming on. >> we have more to come with my "two cents more". hospitals, even your car, we will take a look at the dangers of technology in your car coming up next.

gerri: can a cyberterrorist hack into your software and crasher? a reality in two minutes.

gerri: science-fiction colliding with reality, growing concern over more cars becoming dependent on electronics to run. it turns out that your vehicle is at risk of being hacked by cyberterrorists. with oneness we have lauren with us. >> thank you for having me. gerri: this cannot be a reality. >> when you think about this, everyone wants wifi. who would not want wifi in the car? and then you think about how do you download this, like sirius satellite radio, coming in, that is all information coming into her car. gerri: cars look exactly as they have for years and years on the outside. on the inside they are disabling computers. >> that is right, between 20 and

24 computers, depending upon the car, even a basic bottom of the line car is going to have a ton of microprocessors. have antilock brakes, you have airbags. navigation. every single thing in your car including the seatbelts have little microprocessors. >> are local matters and other things as well. >> and that requires a computer. >> the story talked about the possibility of cyberterrorists, making you have a car accident. maybe everybody on the expressway have had a car accident at the same time. >> it is possible, believe it or not. some kid sitting in some other country, they have nothing else to do. they have broken into some pretty impressive buildings. and they have argued proven that a couple of independent companies, you can actually access unlocking the door, eavesdropping on the conversation which really scares

me. in addition to this, you can make it accelerate or shut the car down. the worst part is if you have an accident, the bubble disappear after the accident. there is no way to detect it. >> there is no way to detective. but they do have a cyberdepartment. they have 12 employees. the one that doesn't make me feel so good. but the reality is there's, the thing that's going to happen before we have some kind of big cyberterrorist bought is that these are going to use your card open your car and break in and steal it. >> that's right, they can steal things that are inside of it, they can manipulate your vehicle, although manufacturers are also coming up with firewalls. ford has it, all the germans are even working on us.

every single car manufacturer is fighting to be the first one to say that we have the most secure vehicle and you get that ability to have a connected part. not just a bigger bag of worms in that respect, but also some aspects. autonomous parsing that you will not necessarily be driving and then somebody could hack it. gerri: exactly. thank you for coming on the show. it is good to see you. >> thank you. >> onto the stay in business. in 1978, remember garfield? he made his comic strip debut. created by jim davis, chronicles the life of garfield and a league. today the comic strip is featured in roughly more than 2500 newspapers and journals.

garfield has been the subject of books and movies and tv shows and is one of the hottest in history. the lasagna loving cat and his friends run into a billion dollars in merchandise anyway. and he holds the guinness world record for being the world's most widely syndicated comic strip. it started today, june 19, 35 years ago. we will be right back with my "two cents more" and the answer to question of the day. who is responsible for the obesity epidemic. stay with us.

gerri: in response to the obesity epidemic, the american medical association voted to recognize obesity as a disease and recommend that a number of measures should be put in place to fight it. two is responsible? years with some of your posting. obesity in most not all cases caused by consuming more calories than our bodies can burn. a less active view of the less

food you can consume. it is as simple. personal responsibility, nothing to do with the government. we also asked the question on gerriwillis.com. 3 percent said the government, 97 percent said the people. finally tonight, my opinion. in the park avenue salons here in new york city where the rich and then gather, one of their favorite targets are the obese. people who are overweight. sometimes people carrying just a few extra pounds. this attitude ever lot, and i am not fond of it because not everybody can completely control their weight. despite the whispers and the jokes, extra pounds is not a sign of laziness or ineptitude. sure, i would like to see all of us achieve our ideal weight. for the chronic disease is sometimes associated with heaviness to go away. diabetes, high blood pressure, all that. what i see here in new york is a bias, chauvinism, a prejudiced attitude toward people who are overweight, and that is masquerading sometimes as a desire to help the little people

give me a break. that is my "2 cents more." and that is it for tonight on "the willis report." thank you for joining us. do not forget to record the show to catch us live. have a great night. see you tomorrow. ♪ lou: good evening, everybody. thank you for being with us. president obama and some -- there reserve chairman bernanke gave talks today. the president in berlin, bernanke in washington. their performances are not well received by their respective audiences. today marking the seventh consecutive day that the dow jones industrial average moved triple digits. the dow jones induutrials plummeted more than 200 points on the day. the sell-off was driven by investor frustration and some disappointments at the remarks of fed chairman ben bernanke. bernanke delivered a statement full of seemingly positive elements,