gerri: hello, i am gerri willis. tonight o "the willis report" keeping yourself private on the new facebook. how do you do that? and in fashion this week -- how to start a sccessful business at any age. tonigh on "the willis report." and the micro. ♪ graciously donating to sandy

hook victims. the school in newtown connecticut, the victims families or their frustration over the lack of transparency and joins me by telephone. thank you for being re with us. this split -- do you think this

is fair? >> this is an tempt by the american people who donated private money to the victims. i think it s sort of the wrong question to ask. melissa: the failies are criticizing the decision, saying that the nearly 4 million should actually go to families instead. but that is.

>> it has held up distribution for seven months. in boston we distributed $60 million in 60 days. it killed the undation in newtown at sandy hook elementary it works on understanding what the amilies that lost loved ones. it was done with fl transparency, open, a public town hall meeting. everyone was given the ability to make comments.

melissa: you are not consulting, you're just helping out, you have a reputation for fairness and helping tough situations exactly like this. you mentioned just a moment ago as you are involved in the distribution of monies in the wake of the boston maratho bombings, that happened in a split second. newtown seven months. what is the difference? >> the difference is a disagreement between the foundation that was holding the money and the families as to how much of that money shoulbe distributed and how much should go to the families and communities. a communitywide project. that is what it's about.

bad things happen to people everyday in this country. it was privately donated by americans after the newtown shootings. it's unique in my experience. melissa: the governor, the attorney geral tried to bring the two sides together. she said for sometime that what we some time that what we need in this country is a cmpassion fund in which money would be turned over almost immediately to families in the wake of tragedies just like us. that the right thing to do?

>> it is an interesting idea. a compassion fund. i'm assuming that it would be funded by private donors, not the government. i think it would be all private donations. whether private citizens want to donate money to a general compassion fund in their own community following the tragedy like newtown or boston, it remains to be seen. i'm a little dubious. sounds like a good idea. as a practical matter in terms of funding, i don't know. >> i think idea is to mae it specific to the events of the people know wt they are getting to. >> you're absolutely right. that's what happened in boston. as soon as the bombings occurred, the mayor of boston and the governor of the

commonwealth stood up and said that everyone around the nation, th is a horrible terrorist tragedy. we are setting up a special foundation or the next few weeks they were constant touting the idea. the american citizens an the money is were distributed 60 days later. that is a model pogram as to how we can do this. melissa: a great name, one fund,

they give are coming on the show tonight, ken. i think this is an important issue the doll the people thank you for coming on. >> thank you coming on. gerri: hee is keeping us updated to get your chervil donations to the sandy hook victims. she speaks to a coalition of families. >> thank you for having me. ger: that meeting was incredibly pretentious. >> it was intense. it started outwith the committee saying that there were certain questions and dow and certain or out of bounds. the majority of the people who

were there. gerri: so they tried to corral people? they tried to shut them down we are discussing how we are going to distribute everything, we have a draft protocol and the individuals wt to walk everyone through it and then we will take comments. for the record, we feel it would be inappropriate for anyon to comment on or ask questions about anything other than this topic. how we got here, whether it's the right amount of money, it is out of our purview. there is a sort of collective moment of, are you kidding me? that is what we were talking about and those are the questions that need to be asked. gerri: i think this is the money question. they were originally the people

in charge, western connecticut, they appointed a committee. those are the folks with the devil. why is it that they wanted to hold some of this money back for other purposes? >> well, it is entered operating procedure and then maks this work and they don't have to fund raise that money because they happen to be in a community it

seems like very often the public doesn't realize that that is what is happening it looks like they are accepting it for the victims because they say that we are expecting money o behalf of the victims it gives the nonprofit the latitude to give the money however they want i whatever proportions that they want.

gerri: he is a very persuasive person and yes, the money has still not been distributed and will not be. august 16 is the day? >> that's right, that is the day they announced it. there is a process that they have to go through and they have an open comment period until monday. but nobody came to the meeting last night to talk about how this went to the victims. nobody cares. that is not the issue. w they decide what percentage goes to people who lost a loved one versus somebody who is injured versus somebody who survived, that is not the ise. the issue is that 100% of the money that th american people gave should be given to the recipients it is intended for it. it is just that simple. gerri: karen, you should come back on the 16th. >> i would be happy to they are

going to cut the checks because they want this nightmare to be over. gerri: i am sure that you are right. i do not mean to impugn the motivations of western connecticut, but their behavior raises questions that they do good work in t community. this just happens to not be one of their better suits. >> thank you for having me. gerri: we have a lot more to come, including a warning for facebook users. your privacy is even more at risk than before. we will talk tell you how to protect yourselves. and another all-time high on wall street. our panel has advised on whether it's time to rethink your investment strategy. stay with us.

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gerri: markets stealing a third week of gains. i love that. this after ben bernanke affirmed his aggressive monetary policy this week.

the stock market rally sems to be back on track. but is that enough to get you back? joining me now is the chief economist for the investme company institute. and brian white is a senior analyst for capital markets. great to have you here. let's talk about where these markets are goingnext. you seem to think that this is about fundamentalist. >> that's right, the economy has employment growing. stock markets are going to perform better. with the chairman was indicating is his as e economy improves it will start picking up the accelerator and then interest rates will rise. gerri: do you look at this, i thk there is a lot about ben bernanke in the market. i think most of the market is on his shoulders because he is supporting every move. do you agree? do you think it's fundamental?

>> i think the company has performed well. gerri: it doesn't hurt. >> more recently thhre are some companies struggling. i think it would be a tough quarter for technology. >> let's talk about some of your research on investors and how they are keeping a big chunk of their money on the sideline. i thought it was so interesting. people selling bonds and stocks and you see a big exodusfrom bond mutual funds. what is going on? >> about 70 million came out since the end of may. about 2% of assets. it is not as much in terms of a percentage.

i think a lot of bunesses have been hesitant to spend. it is a challenge environment. we have seen apple struggle in the smartphone market and it has been pretty widespread. they are doing their strongest for these expenses. >> getting glimpses into this,

there are reports with the s&p 500 that culd be weaker or softer than the first half and year. dc the same thing happened? which individual investors be looking at as bumps in the road for the remainder of the year? >> one of e things that really impresses about what investors do, a plan for not what is going to be coming up next in the markets in the horizon, but creating a portfolio allocation and i think that is one of the reasons why we have seen so much money going to bond funds the past five or six years. these are baby boomers who are approaching retirement and they want to have part of their portfolio allocated to income. a lot of that is going to be included. gerri: that's right for me want to put more in bond funds as you age. and who knows if that's what going to happen. >> as well as the income. it helps to provide a

diversification for the equity as well. that is a natural tendency that goes on among investors. gerri: let's talk about apple stock. you are hot onhis stock. tell me what is going on. >> the best days are ahead of apple. when i look at what has happened over the past few quarters is that the smartphone market hit a lot of wallace. here's so here we are as we look into the future and we we are beginning a new product cycle. five to six times the earnings of cash, the great portfolio of new product and i have watched apple tv. >> doesn't that say that they are discounting the products to make the most money on? >> is a different product with a plastic casing on the back. i don't thk it will have some of the new technologies.

so fingerprint identification will be a core technology. gerri: what else do hey have that you think is great throughout this point? when you talk about apple, and you are talking about them in a something you haven't seen before. >> that's right. people got a little bit spoiled. in 2000 only had the iphone. and it took until 2007 and then we had a six-year gap between the ipod and iphone. so ware goingto have apple tv and i will be the new product that they can revolutionize in the market. gerri: last word here, what is your last word for investors, people watching the show and looking for some intelligence on the market? >> they must be aware that interest rates will be rising. we are kind of trending downward and they have to be prepared for

that. we also think that they should keep their eye on the trends as well. gerri: thank you both for coming on the show. it was great. now we want to ow at you think. here's our question tonight are you ready to jump back in? vote on the right side of the screen on gerriwillis.com. we have more coming up. would you like an obamacare lock a? some extremes that states are going to and we answer the question how do you do that. facebook rolls out an application to keep your information as private as possible. we will have that next.

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gerri:

gerri: facebook is rolling out its new search, making users information more public than ever before. your public activity from your posts and evenyour interests are all available for the world to ee, not just your friends. how do you keep the facebook stalkers at a? joining me now is a privacy expert. welcome back. so tell us how this works. and a lot of people are aying, my stuff is more public on facebook?

>> essentially it is the google or facebook. anything that you have posted for everyone, it indexes it and you can search that information just like if you were on google. the difference is it is all your private information. >> okay, so i am on facebook, which i am, what can peoppe find out about me that maybe i didn't want them to see? >> by default everything is set to share with everyone or public. if you haven't gone in and marked pacific coast or a photo or a video is only sharing with friends, it is shared with everybody and therefore open to the search engine and facebook has the right to share that publicly. gerri: this new thing. i have to think people are going to complain about it. you think that they will be able to keep it? >>here is no doubt that they will be able to keep it.

people will complain that we can always do with facebook. unless we raise a stink, we forget forget about it after week and they go on. it is their business model. this is how they make money, by aggregating personal information and selling it to others. >> i find it deeply annoying. okay, your points here, suggestions and tips for people who want to keep their information private. use a shared care? >> yes, that means that if you put it up on facebook, you better be darn ready to have it shared publicly. that is essentially what you're doing even if you have all of your settings set up, somebody else can share that data and it can be totally public. gerri: how does that they used policy help me? >> oh, it is such an eye-opening thing. i have had my daughters do that and you cannot believe what you find out about what they are sharing. it totally is revealing about the information you're giving way on her. gerri: you talk about customized settings. i think this is critical.

you do not want all this information out tere, i do not think. >> no, you do not. you want tolock it down from the start. we put a video on our blog about how to go about it. that setting on the right-hand side, so that you are not automatically sharing everything in the future or the past. >> john, thank you so much for coming on and warning us about this. we appreciate your timee have a great weekend. >> thank you and u2. gerri: what will they think of next? well, coming up we have a woman who has been fired for being a threat to her bosses marriage. why is that we met because she is too attractive. is it legal to fire agreement and the white house has tried to push obamacare on everybody. now five years later, states are being forced to show and tell. how they are selling is sinature law and how u are paying for it next when we made our commitment to the gulf, bp had two big goals:

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>> from the fox business studios in new york, here is gerri willis. gerri: it is raining ain in new york. you have to her this toy. a sales pitch that a lot of pele don't want to hear. obamacare. ate advertising the changes on everhing from coffee cups to porta parties. our branding expert joins us now. this is most ridiculous thing i've ever heard of that the states are now going to have to advertise obamacare, taxpayer dollars, do you like what they are putting up their? does it make sense to you? >> welcome to the overall idea of selling an idea isind of wh i do. that part makes sense. but itoesn't make sense in the

way they are doing it. extensively you have three different waves of obamacare were canceled by different states. none of them are tellinthe right story. gerri: how so? let's talk about a couple of things they're doing. they are putting pictures on porta parties, lisen to this. this is hysterical. this is what the state of oregon is doing. >> ♪ ♪ ♪ gerri: so how is that about obamacare? i don't get it? >> neither do i.

i suspect neither do the oregonians. the fact of the matter is that this whole thing reall hould have had a centralized strategy and it should've been a centralized type of a campaign that should've been a lot more direct so that leaves people could understand what it is that they are getting into. the number one problem with obamacare is no one really understands it. >> the least of which congress who wrote the law and put it into place. it is estimated that a billion dollars will be spent by both sides. people that are anti-obamacare, those that are pro-obamacare by 2015. how should they pitch this money? >> if they were calling me, i would tell them be targeted directly at this market. young people are the harm high-margin guy that will be paying for this stuff. i think this country lacks an

opportunity for young people to step up. the only time he see pple step up is when there is a natural disaster. if you could convince them that they ran on a ticket of change, here's the change you want to do and here's how it works by yugos adopting this page you will be able to help take care of each other and your older generation who really needs this. that would give them a sense of productivity and purpose. >> i have to tell you that it is a hard sell to cot you more money than what you doing this evenig. they have a higher rice tag particularly for young people. thank you so much for coming on. it's fascinating what they are doing with this andit going to be interesting to see if pele reay do sign up. if we take your wds to heart. >> that's a tough sell witthis message. [laughter] gerri: we appreciate your time. when we come back, it is fashion friday and we have an

interesting idea for your kids this summer. and is it ever okay to fire someone that you think is too pretty? order that discrimination? our legal panel weighs in with us coming next [ male announcer ] this is the age of knowing what you're made of. why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enugh for sex. do not takeke viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. this is the e of taking action. viagra. talk to your doctor.

hmm. [cell phone beeps]

hey! [police whistle blows] [horns honking] woman: y! [bicycle bell rings] turn here. there. excuse me. uh. uh. [indistinct announcement on p.a. system]

so, same time next week? well, of course. announcer: put away a few bucks. feel like a million bucks. for free tips to help you save, go to ♪ feed the pig gerri: tell us about the details of this case and how how this came to pass. >> she was there for 10.5 years.

over time i would just that his wife, who also worked there, but i'm just wiped some interactive and there really wasothing going on. but shewas very concerned about it, getting jealous, ultimately he decided to let her go. obviously for the sake of his marriage. the question is if it is legal or not. >> one would argue or think that it is gender discrimination. if she were a man, she may not have been fired right had allies not extend that far. if he women is fun because she's learned or have children, that is an extension ofer gender. gerri: are pretty is nt? >> it is not. >> she was there for 10 years, known to be the best analysis and that he had and she did not have an affair with him or for the company sheis fired because she's too pretty? because the wife was worried about something that had not

happened? your marriage together. that is not her fault. that is not this woman's fault and sh does in a motel because this? that is so wrong. by the way, an all-male supreme court. >> this is why the fighting in washington is a very big deal. when the plaintiff comes in, they don't get to pick the judge. >> female judges don't always go out of their way to help the mouse. >> i don't think that this is discrimination. i think that -- let me explain my point of view. she didn't danything wrong. this is a private business by a dentist. it's his business, he can do anything he wants. >> the law does not protect you must it is discrimination.

>> i do not think this is discrimination. >> if it were a man and he was pretty, he would not have been fired. it is gender discrimination. >> with a lot of what you have not expanded it. >> yes, it is gender discrimination. has already gone through the iowa supreme court and i think she should go make it a federal case, a title ix case. gerr come on -- donn't you think this is an annoying nightmare? we have to pay for these cases that go through the court. if this guy doesn't want to ploy this woman come he doesn't have to. >> the question is should that be the law, should expand further. because i do think that her gender did make a difference. >> yore going to have a problem if you are replaced by

someone of the same gender. >> about the wife make sure that you clear the next employee. >> all of these employees were wome >> exactly. discrimination over being pretty. gei: at his private office and business. >> the point of lawyering is to unrstand that even though i don't agree with that, but if the law. gerri: no, it is not under dissemination. >> it is, or she would have been fired. >>i'm talking about legalities. >> if it is a gender issue, it's because she had children i never stated intent stereotypes. but this is how you will,it is not gender related. >> it's not like she was dressed

inappropriately. heas doing her job. she was the best dental assistant that he had. >> it was not brought as a sexual harassment case. >> they were not having an affair. so this poor woman cannot win macromedia say that bringing pretty was a factor you two would have to be worried. gerri: i like him so much. he is just right all the time. [laughter] gerri: it is a very interesting case. e-mail us at gerriwillis.com. still to come, my wo cents more" and we go in fashion with madison robinson. she's 15 years old and the creator of fish flop.

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gerri:

gerri: in fashion, go to the beach. take a look at this. isn't that nice? i love it. okay, kids are flipping for colorful flip-flops designedy a kid. fish flops was created by an 8-year-old girl in with her father's help, it has been expanded into a national brand. here is madison robinson and her

father, the creators. you are now 15 years old, tell me how you came up with thhis idea. >> yes, i love to john color and i led love the beach and i wore flip-flops all the time. i drew a sketch and i give it to my dad and said, here, fish flops. gerri: then y had to turn it into a business. >> yes, i went to the website and i purchased fish flops.com. and i said, okay, we have something. so i took the drawing and had some samples made. people place orders at the trade show and it was a big interest. >> these are not just any flip-flops.

these are very colorful and bright and flashy. how how did yo come up with that idea? i have seen shoes for ids. what made you do that? >> i just thought that i wanted to bring some personality to them. gerri: you said that there will be some adult flip flops coming? >> yes, we are interested and we focus on the children's first. gerri: you talked about those in their have to be some challenges along the way. >> it took time for the samples to come in and to get them made and for people to actually want to buy them. it has taken a big deal of time. but now that it's happening, we are very excited about. gerri: we have interviewed lots

of fashion entrepreneurs on the show, you are definitely the youngest at 15 yearsold. if you are here now, were the one being tenures? >> i want to continue with my own brand. gerri: accompanied me. i understand that the proceeds from this endeavor are not going to madison directly right now. what is being done? >> we are putting the funds away for college and we are going to try to let her go out and possibly do some are jobs like every normal kid until she gets out of college as ell. >> how you feel about that? >> i think it's a good idea. gerri: where can you find the products they next. >> at nordstrom stores ad at fish flops.com.

>> i'm so glad that it happened. >> this tuation is only going to get bigger next year. we are working with the merchandising team to expand the brand. we cannot thank th enough. >> you guys are a great team. thank you for coming on. gerri: we will be right back with my two cents more" and the answer to the question of the day. are youready to come back in the my mother made the best toffee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side.

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>> stocks close at another all-time high. are you rey to jump back in? here is where your posting on facebook. >> i divested of all stocks be coz it is a huge collection of black friday all over again. i don't think will happen in six years. >> 19 percent said yes

yes, 81 percent said no. this month marks six months months, seven months since sandy hook the committee has tried to move onncluding construction of a new school and brought up the best of people who were lining up to help sending money to the united way to help the victims and survivors to put their lives back as best they could but not one dime of more than $11 million united way has collected has been handed out it is an issue we have been focusing on coping to see that to go to the peopl that need it not until last night we see signs of hope at the community foundation as they were dividing up the nation's cable up with the plan and ken feinberg said it is not a perfect solution but it is what they have.

some people want to know what only two-thirds of the money is going to the families. even those just killed in ohio even the red cross still had not paid out $100 million to sandy victims seven months after the storm r these charities do amazing work, lifesaving work but also boosts on the ground when the country cannot be there. getting that many of fast and right can be done st like boston and colorado i hope next time they're ready that is my $0.2. all next week we will bring you a user's guide to health care. how to talk to your doctor doctor, and cut costs is

starts on monday. it will be exciting. thank you for joining us. have a great night. we will see you on monday >> the irs starting tea party years. the union said targeting virus bonuses trying to make sure that employees started the scandal are not stopped from collecting their bonuses. welcome, everyone. the acting head of the irs wants to block workers frocollecting an extra $70 million. but unionepresenting them says that it would violate their contract. tea partier study mill is furious about these. melissa frances is here as well. sounds fair. >> first of all, we have a union within our own government. does that -- that seems really weird. they're having to hire people to protect themselves from