tv The Willis Report FOX Business June 24, 2013 6:00pm-7:01pm EDT
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this kind of stuff. melissa: love it to my aid is? >> is a fan, good for him. you can afford it. melissa: that's all the "money" we have the today. as see you back here tomorrow. "the willis report" is next. ♪ gerri: hello, everybody. gerri willis. tonight on "the willis report", the advertising this tablets for obamacare continues. the nfl is recruiting young men to sign up. the irs hit with another scandal sending tens of millions of dollars in refund checks to illegal immigrants. at one address. how do you do that? tips to help you travel like a celebrity. we're watching out for you tonight on "the willis report." ♪ gerri: tonight's top story, the
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success or failure of obamacare hinges on one key group, young people. young, healthy people realizing how essential this group is, the obama administration is about to kick off a summer ad campaign trying to get help from major sports organizations, including the nfl, nba to persuade young of the americans especially men that they should paid thousands of dollars per year f insurance. with us now, senior fellow at the manhattan institute. kendis idea work? >> not won the rubber meets the road because a lot of these and people would face potentially hundreds of thousands of dollars out of pocket. the only pay a penalty of $95 in the first year and only pay a penalty of $95 a day get sick. gerri: the idea is opening up. one hundred days away, and with the obama administration wanted people to sign up, here we're talking. be ggossed over at the top. the man, young minority men that thereafter because a healthy population will bankroll
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obamacare for the generation of folks or older and not to sell the. >> in today's market they're not buying in because they perceive insurance to be too expensive. new regulations will drive up the cost.@ so if they are not buying today, why would they buy and when is more expensive? gerri: let's do the math. the penalty for not having coverage. >> starts at $95. gerri: what they pay on the exchange? >> depending upon their income, the cut off point, the flex point is above about 200% of fpl , 30,000 per person. subsidies will be around and you will pay more and more out of pocket. gerri: how much is that? >> hundreds of dollarssout of pocket. gerri: average you could pay as much as ten times the 500 on a penalty. you know, there is a big gap between the promise of obamacare and what is actually being delivered. it may make economic sense not to buy. >> allow people will be able to go on and see how much it will pay. there will be expecting to get
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the kind of health care that their parents have which will not be what is offered. gerri: you know, that's kind of care that their parents at, their parents and even have it anymore. is just not as good as it used to be. i read recently that 42 percent of americans are unaware that obamacare is a lot. we had this moment coming on the rise in very soon where people are going to realize what health care is all about, and i think it will be a frightening realization. >> people will find that in a lot of cases doctors will be available to see them, especially for the half the population that will be posted the medicaid. 30 percent of physicians don't expect -- accept new patients and we are paying hundreds of thousands out of pocket. gerri: thank you for coming on. appreciate your time. well, it seems like the irs just cannot seem to catch a break. more rrports of waste, fraud, and abuse. the irs had more than $46 million in tax refunds to an authorized workers. here is the real kicker.
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the money all went to one address, a single address in atlanta. nearly 24,000. at a day not catch up with that? let's bring in a senior political columnist for the washington examiner. tommy. how did that happen? it seems like mistake that somebody should have caught. >> well, first is starts with this very interesting conflict between what our immigration enforcement efforts to try and subdue and with the irs is doing which is giving at individual tax identification numbers, basically, to make sure that illegal immigrants were paying income tax. as opposed to, you know, not being here illegally which is a conflict. on the other in this scene is the probably, possibly by fraud somebody was using these numbers to file tax returns and then get these thousands of different tax return checks being mailed into this office. it was low level irs employees on the ground complaining
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saying, our bosses are making is issue these checks and even though we think their fraud. i complained to ccngress which is what got the inspector general to finally look into it. gerri: in the last scandal, the one where there were targeting conservative groups low-level irs employees were blamed for the problem. now they're the ones trying to find a solution. as look at this growing list of irs candles. i talked about the conservative groups being targeted. also bonuses being doled out to union members at that time that the people being furloughed. expanding on conferences through their roots, mishandling of government credit cards. was the problem? why can't this agency get it together? >> and add another one. they had the former ceo of h and r block come into the irs and help make rules to try to govern tax prep companies like h&r block. gerri: when did that happen? >> that happened in 2009-10. it to are blocked like the rules because it kept out smaller
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competitors. the problem is, the existence of this agency. it is not that there are the wrong people or bad people there. we have a government agency whose job it is to pry into people's lives were to look at these groups and say, oh, they being too political. these are not things that in a democracy, a country that respects privacy rights and free speech that does not match very well with their system. so we try to make these little changes on this side of that side. as long as we have this agency, there will be abuses of power. gerri: look, the new acting commissioner today how the program, a plan to reform the irs. among the things he suggests, suspenning the use of those be on the lookout lists like there were in the targeting of the conservative groups. new leaders, accountability review board, a self certification process. what do you make of these changes? is this enough? is this just paper covering over the big problems.
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>> i think that putting people in charge of saying -- policing political speech because that is effectively with the irs is doing, some of the eyond the look of words were words like progression, as a going after the other side as well as the tea party. so you're putting the irs in a position of policing political speech. that is a bad thing to -- a bad power to get to the organization that has the power to tax because the supreme court. gerri: you put those two things together and it's really not -- in these to the folks that are going to employ obamacare. >> giving the irs new power is one of the many problems that obamacare has commanded teaches us this lesson. increased government power and you increase the opportunities for the abuse of power and for special interest to abuse that power and you're asking for more trouble, just like this. gerri: set up by moscow my bynum. thank you for coming on. appreciate your time. >> thank you.
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gerri: welcome into you know what is in your fast food? spilling the beans and its ingredients, becoming the very first restaurant to explicitly label foods containing genetically modified organisms. causing a lot of controversy has been modified crusty need to increase the quantity of food. joining me now, editor for supermarket group. welcome back to the show. i mean, the irony of this and what is funny about it is that much of the menu is genetically modified. what you make of this? >> absolutely. good news is that they have always been transparent. if you look get their website, and i printed out menu items, it shows what is organic, what is
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local, what is gm mile, but the reality is that so much of their food is genetically modified. you point out one reason is certainly we have better crop yields. also, let's not forget that some are to increase the color of foods naturally or increase the flavor or even the nutritional value of it. so there are a lot of reasons for it. gerri: t think foods are problematic? modified food? >> personally, i'm not. they have been out there over 20 years. we have seen a lot of data, a lot of studies. the world wildlife foundation has come out in favor of them. we have seen major conservatory come out. when you look at the pure science, they are not an issue, but it is a very emotional issue for people, especially as it is making more headlines as it relates to labelling. gerri: i have seen studies, the -- i think there was a french story that links gm of the
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cancer. is that something to worry about? an unusual study? >> i have not seen a steady. let me start there, but of the cities that i have seen have not shown any of benefit, drawbacks, or nutritional drawbacks. gerri: was looked at where these are found on the menu. barbara cohen, chicken, a chipotle honey vinaigrette. i don't know if i could make it through this segment because i love their food. so a lot of foods contain them. brown and white rice, state tortillas. if you're going to eat their you're going to eat some gm aisle. gerri: if you go into the supermarket and buy any food you're going to see them. keep in mind, over 90 percent of corn, 90 percent of week, you mentioned price. a lot of their crops are gm of. also, does not forget that one of the other reasons is being allowed to grow food in areas of the world where food will not grow before because of lack of
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water, poor nutrients in the soil. there are a lot of reasons for this, but also one key point always remember, even if it's not being labeled, if you buy something that is certified, usda organic it may not have gm no. gerri: that is one way to avoid it. >> absolutely. gerri: look for the usda label organic. as true and a good point to make the reader wondering if more change will follow suit here. will we see more and more of these stores, eyelids, will retail stores, for example, start spending more time labeling foods as gm of? >> well, when it comes to restaurants absolutely. if they say they have not seen any difference in sales. if they do not drop, absolutely because it is the same thing that did it with livestock, being able to have, you know, the proper conditions for animals. it is transparency, when
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everyone wants to do in the food world. is different when it comes to supermarkets because, again, they are not in total control of the food. that is more of a manufacturing issue. again, rely on certified organic defense which are looking for. think it will be too costly and too cumbersome to label every food on whether not it has gm note. in fact, in brazil they did that and saw no change in customer shopping behavior and even though was levels. gerri: -- gerri: interesting. if you want to eat their committee hefty beans, cheese, guacamole, lettuce, and sour cream, as all the toppings. that's okay by me. thank you for coming on. >> and margarita. gerri: i'm so glad you brought that up. thank you. well, later in the show, stocks recovering some of the heavy losses, but the end of the day in the red. investing advice coming up. next, we answer the question how you do that.
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compare. how did they travel differently? of their secret tunnels? >> well, for the most part celebrities use travel agents. so they're typically plug into the pr department. remember, airlines and even the tsa get star struck from time to time. so depending upon the level of destruction there will enter in certain instances. the measure if there are a secret tunnels. if they are, there will be after this segment. there will go into a certain area where there is less of a potential disruption. just remember, the airlines and tsa are starstruck. probably not talk to happen to you tonight, there are some folks to spend hundreds of thousand dollars and a trip to the same weight. gerri: i understand that you never see a star in those long lines waiting to get searched. apparently from what i read they go through the same lines as vendors do. so there is it -- >> vendors, pilots, yes.
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they go through the area where there are pilots of the vendors go. depends upon the level of destruction. i have seen lots of folks come through that were celebrities in particular areas. some of them want to be seen. so they like to get all of the disruption. it just depends on your level of celebrity. a lot of these folks typically fly private as well. gerri: that makes it easy, but there are also secret lounges from what i understand that are very fancy. how do i get in on this? how does the average american access this? >> the first thing is that if you fly a lot you will get some of these birds if you achieve the release status. you can buy cat in line for 25 and $30. you can buy cut in line at the gate. you don't even have to be a frequent-flier. you can get day passes at the vip lounges. these are just 25 to $40. so there are ways to do those things without having to be, you know, a celebrity. robert, these are dignitaries as
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well. airports like reagan have these kind of facilities for dignitaries to come in. gerri: if you're willing to spend a little extra money, you can do this, but if you're saving your money tonight you have a advice for people who want to pick magic dates and save money on flying. >> and these all sort of correspond to when kids go back to school. in your city the day that kids go back to school, immediately those prices tend to drop by anywhere from 15 to 35 percent which typically is the last week in august. for longer flights it's like august 29 to. shorter, three our fights, that's an early september. the bottom line is, shopping for tickets right now and buying them for that last week in september. are talking about ticket prices for your a drop from like 1400 down to 1100 degrees to a pretty expensive, but a pretty good savings. gerri: what about a short flight? >> the shorter flights tend to
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always be pretty cheap. if it is under an hour and a half for two hours, the main reason for flights that are always jeep is they compete with driving traffic. a lot of people just won't take the flights. it will drive 34 hours which is typically what does hour-and-a-half flights are. as always pretty cheap fare, but if you're going coast-to-coast and the magic date is about august the 25th. that is when prices go from $500 round trip down the 350. gerri: i like that advice. thank you for coming on. good to see. well, time for a look stories you're cooking tonight on foxbusiness.com. wall street continues to run scared with stocks down 140 points after falling as much as 248 points throughout the session. today's drop follows a 4% last week following the fed announcement that tickets in start wrapping up stimulus offers. worries about china's grow by leading to market volatility. european commission is approving the internet continental exchange proposing a $8 billion
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takeover. it says that the two are not direct competitors and will continue to face strong competition. the combined index would be the third largest exchange group globally. as we come back. the company went bankrupt after a fight with unionized workers. back up and running under new owners and says its plan to have twinkies and others next back on shelves starting july 15th. and the supreme court has made it more difficult for americans to sue businesses for discrimination. the court ruled that the person must be allowed to hire and fire somebody to be considered a supervisor in such suits. those are some of the hot stories right now on foxbusiness.com. and more coming up next. what is going on at facebook? y6000000 users at their private information exposed. and traders are not turning things around again today. the stocks in the red yet again. is there any rhyme or reason to these markets? reelecting them for you and your
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♪ gerri: well, it is simply too easy for some people to get federal disability benefits. that is the conclusion of a new report to congress. investigators say the social security administration is improving disability benefits at alarmingly high rates. it is also paying benefits to people already rejected by their state. the report also says many of those people may not even be entitled to those benefits. disturbing. the social security disability fund is almost boston is expected to run out of money in less than three years. well, now on stocks, first the fed, not china, your portfolio is taking a beating in the markets as of three major indices ended in the red command during another week of heavy selling. this as china's market posting its worst one day loss in four years. joining me now with tips to navigate the market, jamie foxx,
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managing partner for harris financial group, steve crowley, most of the american scene and phil silverman, managing partner at king's view capital. you know, we are not in a true correction, but we certainly have a pullback, five to 10% from highs on the market. what would you be telling people who are on the cusp of retirement or may be in retirement. >> first, stick with the allocation you have developed. if you put one together and you have a plan. all of the people don't really have a plan with these markets, and in that case i what kind of bear on the side of caution. a great year in the market to migrate for years, and it appears that there -- the volatility is returning. i would not jump to any, you know, quick moves to try to buy a pullback or make any big changes. be patient and don't be afraid, if you have cash, just hang onto it. gerri: to you. some people are out there, they want to stay in cash.
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story this weekend baron's recommended. what as a class to you like best at this point? >> well, i would like to say to all the pre retirees, if you are applying a short-term strategy to a long-term endeavor like retirement, you will find that to be a fool's errand. you will go through market cycles. you need to get used to it to produce income. it is important to recognize the you just need to stay diversified and concentrate on their goal, which is the creation of income over time. if you do that you get it right over all cycles. the asset class that i like, stocks. the relative valuation of equities right now is better than it has ever been, and as bonds continued to go down in price and up in yield it will create an even better opportunity for operating leverage for equities, so you need to be there. gerri: even if you are right at the door of retirement, you still like stocks? >> yes. gerri: okay. >> nothing wrong with that. equities are important to a portfolio. don't ever discount them.
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gerri: we just got used to having to worry about your paul the time. europe is up. the economy is down. impacting my portfolio. now it's china. they cannot control themselves, problems, really getting our portfolios hard. would you tell people out there grow worse? >> well, is that time of year. during june, july, the markets go down, typically to september and october. one of the big mistakes that investors make, particularly small investors is not taking profits. you have to pay even if your stock is doing ell, and a lot have gone up by 50, 70 percent of the past year and backed off here at two or 3 percent, at least sell half and take some profit. don't ride the price of the way down because that is the danger right now for the small investor gerri: we were talking about cash. cash being king. you tend to like it. and wondering what people were doing? this is one of those odd times in the market where we see people pulling money at stocks anddbonds. >> i think they're just going to
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cash. people are shellshocked. we have seen some pretty heavy selling days last wednesday, thursday, and today. the market is probably due for some sort of an oversold bounce. gerri: i would be happy o see that. >> it's pretty oversold and there was a lot of panic in the market. and thinking that you can utilize this bounce to reallocate yourself a little bit, but don't just go in and see the market down and start selling everything. typically when you make those panic decisions you tend not to get very good prices. gerri: what percentage of the portfolio should be in cash? >> first of all, i did not see a lot of panic in the markets. i saw what was a normal sunland procedure with a lot of volume but no panic which is important. in addition to that there is no flight to safety whether it be if you look at what was happening when equis were dropping, bond prices were not necessarily jumping. that is -- prices are not going a bit is people are not buying the bonds.
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so my personal opinion is you need to have a good allocation, 50, 60% equities, be far more waited to equities and bonds. if you aren't i think you're going to be setting yourself up for losses over time. history to going up and will continue to permit that will be something to be living with for some time. it's good for all of us. we have been living with interest rates that are too low. the bank getting half a percent. we want interest rates to go up. deal with the pain. gerri: good for some and bad for others. one of the interesting things about this market is that the short-term rate is doing something different. people are trying to get a mortgage are seeing rates go higher, but people who have short-term money, money market funds and cds. still not good. what do you tell people? >> there are a whole class of assets that pay from five to 20%. people have to learn about these, especially people in pre
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retirement and near retirement. one example s business development corporations that do very well and make a lot of money. they're tagger symbol and may pay 12, 15, 20%. if you're careful selecting them and well diversified, these can turn a part of your total portfolio. gerri: all right. thank you for coming on. a great job. dressed in conversation, and we will continue to keep our eye on china as well as the race. thank you so much. >> thank you. gerri: we want to know what you think. which is a better investment? cash, gold, or stock? log on, but on the right hand side of the screen analysis results of the end of the show. facebook says a bug in the system allowed the contact information of 6 million users to be exposed. for the latest go upstairs to fox business jo ling kent in our news from. >> reporter: the security breach in anfernee reveal
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private phone numbers and e-mail addresses of about 6 million facebook users. essentially it was a flaw in the download your information tool that access archived contact information. ffcebook apologized and says it has been fixed, but most interestingly engineers did not find the problems themselves. they had this but for about a year but said it was a white hat hacker which is slang for ethical hacker who brought it to their attention. gerri: how come -- i have heard about this before. who are they if they don't work for facebook? >> independent computer programmers, students, engineers , hobbyists. it turns out that hacking for good is a pretty lucrative business. companies like microsoft and major international organizations like nato are putting hackers to work. a guy who found this facebook but was rewarded with what is called a bug bouncy. you can actually make quite a lot doing it. of these $20,000 if it is get
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enough. muzzle a college of fire fox which started this by bounty system set $500. facebook 500 as well. microsoft, up to $11,000. company said a more sophisticated the problem obviously the bigger the bounty. this coming wednesday 1924 microsoft is launching a whole new direct cash payment program for hackers. it will pay up o $100,000 for techniques that break your protections built into the latest windows operating system while there still testing it. the microsoft security response center says it is their way of hearing about problems as irresponsible and preventing any sort of money emerging. gerri: thank you for that. >> thank you. gerri: well, when we come back, jamie lee curtis says you need to try them, but opera bionics really all they're cracked up to be? mortgage rates ticking down slightly with the news out of the fed. what it can mean for you and your home coming up after the break. ♪ [ male announcer ] i've seen incredib things.
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>> from our fox business studios in new york, here again is gerri willis. gerri: mortgage rate suspect in the past month or so, but that does not mean your out of luck if you're looking for a loan. you still get a good deal for a new home or a second one. with us now, greg mcbride. great to see you. so you actually have some good news. we are downplaying the news the you're bringing to the said. you say that interest rates for mortgages, rates are modified. >> well, what you are seeing, a huge run-up over the last week, and even this morning it was continuing. people are thinking, mortgage rates will go to 5%, the ten year treasury will the 3 percent. what happened as the day when document with some bond yields and mortgage rates settle down a
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little bit. i thhnk long story short as the dust settles i would not be surprised to see mortgage rates pull back a little bit. gerri: about four and a half percent is what we're looking at. what do you see as we go forward? is this a short rest by? >> the economy is not hitting the cover off the ball. the timetable the bernanke outlined last week and i would be shocked if it plays out the way simply because the fed has, time and time again overestimated economic performance. gerri: always to appease. >> exactly. the end of the year could come and go and we may still not see the fed starts to taper. when economic reality starts and, one disappointing economic number away from that happening, you can get rates pulled back a little bit. will we have seen, particularly in the last seven days is a huge overreaction. gerri: huge overreaction on the stock side which translates into the bond side, the interest-rate side. >> interest rates are not going up. inflation is low. the economy is now or it needs
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to be in the tantillo line is really a best case scenario. as i said, time and time again they overestimated at to mention we have hit a little sluggish patch in the economy the past three years in a row at this time. sequestration, budget cuts, stagnant household income. would not be surprised to see it happen a fourth euro. gerri: the interesting things going on in the market from a consumer point of view is that we have seen 30-year mortgage rates, which makes it more difficult for first-time buyers. and then on this safer site, if you have money in a money-market account, you're looking in cds or never, we have not seen any big boost. so as a consumer and looking at this and saying, where is the help? >> we have not even seen a small boost on the deposits, and you're not going to. the fed has been clear, there will not raise short-term rates until unemployment is below six & or inflation gets above two and a half%. we are not close to either one of those. realistically is probably a couple of years away and not to
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mention banks as coming in deposits, so that all have to pay up just because they ddn't have the london and paris of deposit yields are not going to go up. a good news is, you have a consumer loan products that won't go up either. credit-card late, home equity loan, variable-rate student loan will go up to begin at story by your adjustable rate mortgage resetting higher. all that is still a few years down the road. gerri: once the money from my savings. thank you for coming on. >> thanks for having me. gerri: breaking news out of washington. the ig immigration bill is working its way through ccngress just passing a key vote in the senate. backers of the bill that the 60 votes needed to advance the measure. the bill is the biggest chance to get new immigration laws in this country in a generation. allow an estimated 11 million illegal immigrants in the country the path to citizenship, a final senate vote is expected later this week. big news. still to come, my "2 cents more" and next, they seem to be all the rage on grocery store shelves.
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♪ gerri: a fox business alert. more fallout for paula dean and her massive food empire after admitting to using racial slurs in the past. the nation's largest pork producers is dropping dean is a spokeswoman. in a statement it said it condemns the use of offensive and discriminatory language and behavior of any kind. the announcement coming days after the food network said it would not renew the contract which is set to expire at the end of the month. more news. and on to more stories. grocery stores bombard you with products containing per bionics claiming a vast array of health benefits. sales are surging. joining me now, registered dietitian, creator of mom dishes it out. these companies to make these pro bionics said it will save you from all kinds of things.
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they will fix everything that is wrong with you. do you believe it? >> i think if you have an issue, if you are constipated or if you have bloating or if you're going to take antibiotics, using this would be a good idea of. gerri: what does it do? >> a bacteria or yeast. and these little ooganisms go into your gi system and help to rebalance it. typically someone taking antibiotics caught taking something that is killing off bad bacteria, but it also kills off good bacteria. gerri: there are good and bad bacteria. of me understand that because apparently over a lifetime you create a ton above. >> killing the bacteria, but it is killing both so that you lose the good bacteria. if you're taking a pro bionic helping to rebalance it, it will actually decrease your chance of getting diarrhea by 42%.
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gerri: you don't have to buy these. there are foods in which they occur naturally. talk to us about this. it in over $2 billion industry. >> foods like yogurt naturally have them. gerri: you don't even have to buy the special yogurt. >> just because it says, you don't have to spend the extra money. in addition of yeast and bacteria in the milk product. contains used. there is something called kimchi which is a fermented cabbage and sauerkraut. gerri: i love that. the fda is not regulating this. how the nose of what you are getting is the right thing? >> they do not regulate in a supplement. so just like a vitamin, it's not regulated, but you can use of third-party company.
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they will actually rate to different pro bionics or supplements the you want to uss. gerri: what is that called? >> consumer lab. and so they will re whatever it is. you can search whenever your brand is. then if they have done a study -n it will give you the information on whether it passed the test. does it contain a billion bacteria, like it says. gerri: a lot of study about all the bugs and how that changes how you feel. what are other kinds of supplements? >> well, something like this supplement here, they offer something called pre biotic witches and indigestible foreign sugar which is a carbohydrate and is now in a lot of the food. you needed.
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basically the bacteria use is the sugar to actually create the new beneficial bacteria. the other thing is something like ginger are peppermint, using nt can help people with their stomachs. some people are just lactose intolerant. eat something in a smaller portion. gerri: thank you for coming on. great to have your michele. appreciate your time. as we get set to celebrate america's independence, you may have to shell out more money for the barbecue have been looking to throw. the food items that have seen the biggest increase in price. chicken breast. before you throw them on the grill he should know that the prices jumped nearly 10% since last year. the smoked pork, rebs are an even worse option. the price of pork is up nearly 12%.
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number three, iceberg lettuce, most of us don't like to eat the salad, but if you want the sloppy son your cheeseburger it will cost to cope percent more. number two, wind, the cost is of more than 13%. the number one item that will cost you more is gleaned ground meat. according to the bureau of labor statistics prices have skyrocketed more than 20%. some good news. snacks and desserts will likely cost u.s. the price of potato chips is not critical, down more than 13%. the costa cookies and as camera down as well. we will be right back with my "2 cents more" and the answer to our question of the day. what is the best investment, cash, gold, more stocks. stay with us. ♪
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gerri: more signs of distress in china's economy, adding to jitters on wall street, stocks posting another day of big decline, what do you think it the best investment? cash, gold or stocks. we asked on gerriwillis.com. log on for our on-line question every weekday. some e-mails you are sending in to us, let me say, i love your show, admire your insight, character and wit. >> and gary from arizona said, i care anywhere my food comes from, i am opposed to giving companies a free pass on gmo products. >> here is mark from california, i believe that word organic does
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not mean bein anything except hr prices. all foods should be labeled for what country they come from, i would not buy foods, producer on packaged in china, barney from nevada, government can't run the post office, how are they going to run health care, patty from georgia, i have my medical insurance information given to a stranger by a person working for the doctor. ouch, patty, insurance company contacted me. i am very concerned. bob from texas, let's face it, college is over for america, no one can afford, professor's pay is way too high are we're in for a rude awakening down the road. i love hearing from you, send me an e-mail, gerriwillis.com.
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>> friend we're a hundred days out from the formal introduction of obamacare, it happens october 1, roll out of health care reform promises to be messier than process of getting the law passed in the first place, we talk the at top of the show about how health and human services is begging and all services with appeals for men 18 to 35 to push them to embrace the new exchanges. none of it looks like it is coming to pass as intended, federal and state officials have blown deadlines, regulatory confusion serv is everywhere -- perhaps nothing sums up trouble with obamacare more than it will be inforced by the irs. irs, agency that targeted conservative groups, which is wildoling out bonuses on union members even as furloughs have been ordered, same agency who
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spent wildly on conferences, solution for healthcare, nope, obama is a tragedy for americans, that is my two cents more, and tonight's willis report, thanks for joining us have a great night. lou: good evening thank you for being with us, it has been a day of drama on capitol hill. on wall street, and at an undisclosed location in the world, possibly china, perhaps russia or in south america. whereabouts of nsa leaker, snowden, still unknown tonight. we'll bring you up-to-date on the very latest development in the so far futile search for thosthosesnowdesnowden. and federal reserve officials started sounds what
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