the real estate market. steps he will not hear anywhere else. do not miss this. >> tonight. the latest way to save on car insurance consumer giving a privacy also first-time homebuyer struggling to make a down payment but what happens when to say -- they turned to the bank of mom and dad? we are watching out for you. tonight to. "the willis report." gerri: our top story big brother added again. more auto insurers are using

big data they a drive to abruptly and they say yes because of the promise of big discounts. laurin, welcome back. good to have you. every insurer in the country seems to be on board from state farm to allstate would you do this thing give up some of your personal data to give a discount on your auto insurance? >> personally i wouldn't i'd what everyone to know how i am driving because there are times you can control traffic or somebody hits the brakes hard on it you in that comes down into a raging that could impact insurer is between 30 and 50 percent that could be good savings if you truly are a good driver but i will not personally. gerri: pardon me for being skeptical but i am guessing

their great drivers for the introductory period then go back to the old habits. here's what is monitored monitored, speed, and miles driven, acceleration, a deceleration in house part of a turn and how fast you take and usage but that is not important and also speed relative to posted limits which would seem to be important to. i feel this is such an imposition and i hate the idea they are over our shoulders even know when we drive our cars isn't there a privacy issue? >> absolutely. i think it is fourth amendment but people say yes to connect into my diagnostics and it says that we have no idea where you were going.

then how can you tell me it is 45 miles per hour speed zone if i am doing 50? you must know where i am. [laughter] i guess you feel that they are the nsa attitude they don't know where they are. >> i drive performance cars i do drive a little aggressive least i would not put one in my vehicle but i do drive safely but i would say in most cases with you're really going to be a safe driver this could be in a advantage. for most people will drive careful with a short window of time in then send back the module. that is a right either because what about the next accident? then everybody's rates go up

your also basing your credit score. gerri: credit scores they used to be the basis for what you'd pay for auto insurance and that is not fair to people who may not make a lot of money butter great drivers so maybe this is the way for people out there to get zaph the better rate that drive well? >> right. thought if you have a clean driving record and always follow the speed limit, not an aggressive and do not drive off a lot of miles that will improve your rates a.d. will save money and could be up at 15%. gerri: we rory have these instruments in our cars why don't they tapped into that information already? >> 92% of the cars on the

road already have a black box on the vehicle but manufacturers use the data for recall and technical services and they are starting to give that information and to the government because they want to tax us by the my all that information will not be shared with insurance companies there is no way they would let that happen all must perforce by the government. gerri: always great to see you. what you think? would you allow insurers to monitor your driving? log on at gerriwillis.com i will share your results. of promises to be the next big thing for consumers, a wireless charging for your smart phone already mcdonald's gives access to free wireless but is this

cracked up -- all is cracked up to be? welcome to the show. how does this work? >> there is a power mac basically a piece of the matt you put your phone into a cradle and stick of them backed it uses electromagnetic energy to give you the power for your phone. it is truly wireless because places like starbucks will get foot traffic. we're all out there using a were smart phones using up more data so by early afternoon our phones what is going on? it will drive foot traffic. gerri: it looks like a coaster if you did not know what it was. and also looks like the electric toothbrush? >> it is but instead of

putting in one and to pressure putting in many devices on the power matt if you had a big toothbrush charger to put 50 on it, it is the same thing because it is electromagnetic energy to have a handshake between the device and the power matt. gerri: worried about wireless technology could somebody get in the middle of that transaction in? >> it has nothing to do with the network did just gives power to the device so you're at zero risk more than normal. gerri: i guess this technology has been around all long time so why it hasn't taken until now to get it into the retail stores? been a because now the whole world uses devices content, shopping online we use of data we have not used before.

gerri: keeping the phone charged takes a lot of time and mental energy. that is another reason to go into starbucks. that is really brilliant. what else to rely? >> mcdonald's but i thank you will see it in a regular retail stores and in the mall. gerri: gm is looking at bringing this to the car? you are not supposed to talk wonderful but you can charge it. >> gm put $5 million into paul were matt has an investment to go ahead to utilize it because they see how big it is if you could plug the senate makes for a better experience in the car. they invested in the company gerri: any other applications? >> in the kitchen and other devices in the home and it

will push more to the tablets in the smart phone but other parts of our life. gerri: if you don't have how are you cannot operate the machine. good to see you. more to come including tips and the next year to the video. and for first-time home buyers look to the bank of mom and dad and we will look at the pros and cons on both sides. (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time.

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i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance compan like all standardized medicare supplement plans, it could save yothousands in out-of-pocket costs. call now to request your free decision guide. i've been with my doctor for 12 years. now i know i'll be able to stick with him. that accepts medicare patients. plus, there are no networks, and you never need a referral. see why millions of people have already enrolled in the only medicare supplement insurance plans endorsed by aarp. don't wait. call now.

>> "the washington post" has a new owner purchasing the paper and others at $250 million although that could be adjusted before the sale is completed but amazon is not involved. first-time home buyers are turning to the bank of mom and dad as they are having hefty down payments we have our senior financial

analyst, the key for coming. what that parental help for housing i hear this all the time we are getting along from mom or dad and it is a gifted you look at the national numbers 24 percent is a gift and a 6% is a loan. you are not a fan of this? >> if you are not in the habit to continually amass savings he should not be buying a house like to understand in a high-cost market even a modest down payment is a big chunk of change have a mom and dad held out i can understand that but the fact is lack of the down payment is the biggest barrier for first-time homebuyers stand why you have seen the popularity of the fha program surge. but you need to have the ability to accumulate savings on a consistent

basis before you buy else as well as after. gerri: over time you need money to repair that home so you have to have a demonstrated ability for savings of any bid to validate. what we understand to be true is that banks don't like these kids from mom or dad even loans? >> they can be problematic because just like any other night you have the said that in the monthly payment associated that could throw your debt to income ratio of what the gift is a much better way to go with no strings attached even then unless with the fha you cannot cover the whole the down payment that you don't worry about the unintended

consequence. >> manque give the gift to and they can be tax-free. tell us about that. >> what you have to keep in mind is $14,000 on the individual basis economic about 40,000 anything more than that you have to report to the irs it then subject to the gift tax but each parent can give 14,000 and another 40,000 to their spouse so you can put a total of $56,000 together of one gift. gerri: but mom and dad have financial aid also you want to retire and not be a burden i really think that people need to put together their own down payment to

have their sense of pride in and ownership i think it is hard when mom and dad do all the work but the kids live in the house. >> absolutely a greater burden of health care and retirement savings the parents have to look out for number one whether sending kids to college or buy a house they do have a desire and the downside is you may end up in the spare bedroom of the house that you helped them to buy if you do not take care of your own financial security. gerri: i want to talk about what it cost closing costs are up 6% in mortgage rates are continuing to increase. as you look to the future or the spring of will we see that cost continuing to rise >> i don't see anything on

the closing cost and in addition with the burden you will see that costs escalate. with mortgage rates we have to consider that with the context of the economy. a better economy brings about higher mortgage rates that brings people into the marketplace. we had several years where mortgage rates were really low but when the economy stinks and nobody wants to buy a house. i would not worry about it that running out to buy a house before you are truly ready i think is a big mistake you are better off putting your foot best foot forward and take extra time to save that for the down payment or improve your credit. do that. gerri: just the beginning of the financial demands on your wallet. >> you said it right. you have the cost of to get into the house as well. gerri: good to see you. coming up an orphanage panel

tells you what you should do with your money doing -- during this record-breaking summer. how do you do that? the best place to make it work for your advantage. free advertising. stay with us.

gerri: we have our hands on the playbook and the trick to have your video go viral. coming up next.

gerri: viral videos are money-making machines with the you are a small business

owner or a producer youtube is the way to get noticed had to climb to the top of this act? joining me now is the official playbook of best practices is head of programming strategy at youtube. what are the elements of a successful video? >> the first is the one to b share will you are creating a video will be funny or brilliant or original that people watch it and want to share it with anybody that they know. gerri: a brilliant idea. [laughter] >> but sometimes you see, who will share this? and mitch topic could have a huge audience be be mine craft ordinate the because you reach people that love that subject also who was watching it also have to share the video why will they click on its?

what is the title and why will they click on that? the. gerri: the checks and gimmicks and was watching a video of someone doing something one day and how to fix the faucet. i watched the whole thing but i don't think millions of people were watching that particular video of how to fix the faucet. >> there are tricks. there are best practices that do work we're always looking at what are the things that the creators to that have the biggest audience? they are consistent whether out of their living room or the biggest media companies are you putting them up on a regular basis to keep that consistent just like red ball and go perot that killed the audience around that. gerri: to put it out. >> it is all about

subscribers people want to see more. gerri: what if i own a business? do i need a gimmick? >> the same principles apply we have big companies that have some of the biggest videos of the year may be that of campaign for real beauty where a big deal idea if original enough to fight in the audience also businesses that treat youtube like creators so they are collaborating with others core figuring always to have a conversation with their audience that is unique that they can figure out a way to have a dialogue and that makes a difference. gerri: a 50 million people looked at my video does that mean i will sell a lot of product or is there a

disconnect? maybe people just like to see the dancing babies. >> this is the correlation of the product brand comes up with a video and tens of millions are watching it they're happy it brought them something to entertaining or informative but in the way it is content first or having a matchup with the brand. gerri: mission not be so different of the dissidents. the most successful videos are they short? >> one trend we are seeing is a lot of videos with 10 or 1520 minutes had views in the millions him part of it is hard to capture people's attention and for some that is 30 seconds or others it is longer but keeping their attention throughout the video.

gerri: to have people stay tuned in a local address in animals a baby's is on tv. is that the same with youtube? >> the biggest is personality and having the authenticity that is so clear to the viewer that you really do love that subject so a it network like the person that starts eight network on youtube you can tell he is the geek and israel. gerri: it cannot be fake. people know. >> also the companies that have built a huge audience there also true to themselves. gerri: does a parallel products for other people? >> i think that content is geared toward younger people and a lot of it again is

about consistency every time a video comes out you keep that audience happy that you built. gerri: and jennifer blanc dash justin bieber and jennifer lopez they have successful video. >> music is big definitely and a lot of people know that justin beaver really started on you to bet was discovered there to put up a few videos may be down seven years later this is an element also they to be from anywhere in the country or the world thought to be discovered from the video to go onto have a career to become a national icon but they keep the president's going where you have that core audience and after you have been discovered dues still have that dialogue with the youtube platform. gerri: i could talk to you all might. very interesting. it is time for this story

sure looking at a fox business after five days of trading on wall street the reports of u.s. service sector expanding in july were in about the fed is still plaguing traders time orders sent a letter and in some major cities in a letter tidewater suggested they be allowed to play for the five network and cbs calls it a sham. and one research firm says apple is to blame the have not released the space pad in years and it is down 10% from the first three months and making a play for the business traveler starting next year the all coach airline plans to offer flights between the european some california cities as part of a business class the

first time it will have the second class of service. that is on fox business.com. money-saving monday we will help you to cut cost summer is traditionally a lackluster time we are looking now for you and your money. coming up.

>> what is next for the market's? both the dow and the s&p 500 closed in the red so is it sending in now?

sorry sam you are there chief equity strategist and also say yum, welcome to you both. people remember 2011 with a three or 6 percent pullback in people tend to think august is treacherous. what you think? >> history would agree august is the third worst month of the behind the september and february but the average performance is a slight negative and i would say we already had our swound so maybe we don't have a second. >> right now the trend is up sora betting for a pullback in the market i would closely watched interest rates if we see anything coming out of the fed they will get people ready that would cause traders.

gerri: that september tabor would be horrible but after each and every speech by bernanke they want him to do the same thing over and over so what happens if we get real news? >> that markets could go through another tantrum the fed is talking edible sides of their mouth to say we will start the tapering process on the other hand, they say it is stated dependent but the market after six fed rate increases is still up for the entire year. gerri: there is a silver lining somewhere. i know we talk about bonds in their portfolio whether mutual-fund or underlying the people say the rates will rise and the bonds will get killed? >> they have come up quite a bit but they could still go

up more and we know that is the general direction so if you were a nimble to try trading bonds for the short term there is opportunity but for in general i don't think now is the time to add it to your allocation to especially long-term treasurys with the interest-rate sensitivity. if you could play the credit risk there is opportunity but i would not go heavy into bonds it that would be skeptical because they are getting redemptions it is a difficult scenario for the manager if you have the ability to buy individual bonds and i see a lot better opportunity to buy those individual bonds then a bond fund. gerri: take a look at this list of performances they're

doing horribly in the emerging markets is a.a surprise but so many people are so scared of stocks they refuse to get out of bonds entirely to have a good message about earnings? >> sometimes it sounds like richard gere it an officer and a gentleman saying i have no where else to go. so the focus on equities but in terms of bonds it is like the long end is hurt the most if you stick with the bonds stick with the shorter maturity bond but higher-yielding high quality stock could be a better opportunity. gerri: i inserting to hear people talk about value investing which is something i thought people had forgotten about by is now time to look at your stock portfolio to say i will find

some stocks that are cheap? >> absolutely it is always a good time to the get the company's what has done well with the appreciation in value. the interesting thing is there is value investors having trouble finding good plays given how much this market has advanced. it is a tough place we're not seeing a lot of opportunities. gerri: you know, what value investing me as though what should they be looking at? >> they should focus on those companies that have a good growth potential like coach has been beaten up quite a bit and best buy has done exceptionally well so maybe you bail out of best by a gravitate to the tried

and true with good fundamentals going forward by s&p and equity analyst so you go for the good fundamentals to have fallen on bad times. gerri: good sttff. good advice. one of the fastest growing investments has been casual dining restaurants like apple bees, and fridays and olive garden our booming but others are pushed aside in many could close their doors for good. some chains are hard to find number five sambo at 1.it had more than 1100 restaurants industry forced the company into bankruptcy only the original remains today. number four ben begins. as more competition grew just 32 locations last but is starting to climb at of

bankruptcy with the help of new ownership. number three, ground round as of last year only 25 still in existence mostly in the northern states but the good news is there is a one opening in minnesota next month. number two. chi-chi's this chain had nearly two of indications now not one is open however it still has that brand of salsa available in supermarkets. number one howard johnson's the franchise started in 1927 now there is only one in maine and one in the work from over 1,000 in the '70s. would you spend thousands of dollars to reduce your stress? an industry that could take you for vied and now congress has the final say on student loan rates

hawking the lower the cost of college? money-saving tips coming up. next.

we d i took the trash out. i know. and thank you so much for that. i think we should get a medicare supplement insance plan. right now? [ male announcer ] whether you're new to medicare or not, you may know itnly covers about 80% of your part b medical expenses. it's up to you to pay the difference. so think about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they help cover some of at medicare doesn't pay and could really save you in out-of-pocket medical costs call now. with a medicare supplement plan, you'll be able to stay with your doctor. oh, you know, i love that guy. mm-hmm.

[ male announcer ] these types of plans let you visit any doctor or hospital that accepts medicare patients. anthere are no networks. you do your push-ups today? prepare to be amazed. [ male announcer ] don't wait. call today to request your free decision guide and find the aarp medicare supplement plan to go the distance with you. go lg. gerri: president obama expected to sign into law a federal student loan rates will be tied to treasury rates so now how can you over the cost for college? here with money-saving monday tips we have author of i love master of debt the mystery is over we know what is happening to interest rates on student loans. what do you do now? >> what are the numbers? going from 3.four up at 6.8%

now they go back to these rates. gerri: not for ever but right now. 3.8% for the undergraduate loans and 5.4% graduate loans and paris plus 6.4% right now. gerri: if i am planning my dad just getting into college what should they think about right now? >> do as many federal loans as you can because private loans interest are much higher. >> these are tied to the 10 year treasury visa the race right now the overtime talk about how industries are rising they will go up but what is good about the bill is they cannot go up forever on the undergraduate loan that cap is eight-point to%

on the graduates nine-point 5% is the highest it can ever go and 10.5% for the parent plus but on the previous bill there was no cap. gerri: but those who are in debt and having the worst time cannot repaid the debt. >> 70% are in default. gerri: you have a couple of ideas and come based repayment to allow students to match what they paid to how much they are making it is really a loan forgiveness programs. >> if you work in the non-profit sector or state or federal or local government, the peace corps you pay your loans on time for 10 years after 10 years a matter how much you owe owe, the rest is forgiven. >> federal loan consolidation it does make

sense it brings together loans to lock in a raid might like better. >> every year the loan rate will change if you can consolidate you get the lower interest-rate you make one payment there is a website that can help consolidate it is complicated there is a lot of federal bureaucracy but if you have one payment that could help you pay off but these are 30 year loans. gerri: it is a lot of debt you really have to think about where you go to school and adjust your expectations >> people are going to state schools instead of private schools start saving now because every dollar the save or invest is one you don't have to borrow when

you get there people who borrow huge amounts because they have not saved enough. gerri: data for coming. still to come with 70 percent of americans feel stressed out new products flooding the market to reduce your stress but is it a waste of your money? coming up. she knows you like no one else. and you wouldn't have it. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet appred to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditionsand , and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as th may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis.

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gerri: we are stressed out. consumers are dishing out many for products that promise to day stress their lives are there cheaper and more effective ways? we have our mental health consultant. it seems to be everybody talks about the sec cannot figure out if we are more stressed or if we think we are. >> we live in the world nothing is ever enough on to the next thing on our phones all day when it is the weekend and stressed about work. gerri: it starts on sunday morning. >>. >> and seven added 10 say they have symptoms associated with stress are there products or is a call between your years? >> it depends on housedress we are if you are baseline

for stress or anxiety i dunno if products will work. gerri: there's something called the ostriches will take $100 of your money you can we hear it -- where this beautiful palo over your head spin it is crazy but people swear by it. they have it at the airport and it helps them sleep desperate times for call for desperate measures and if they have to take a long flight honestly. [laughter] it looks outrageous. gerri: i guess if you think it works it will work. >> if you are reading and they say it will work sees think if that will work then people say whatever it takes >> one of the basic things i can do?

>> even if something sinful off like changing coffee for the herbal tea while stress we all would be taking the away from my coffee. [laughter] may be meditation or exercise that releases endorphins and takes away the stress. to me personally that glass of wine after dinner but anything to relax. gerri: the the health expert tells me it is okay. >> i will have one also. [laughter] gerri: is it just in case of the way that you approached things? i put this stress on myself. >> people are stressful people and as people do say

that they do better under stressful situations but i function better when i am under the clock to. >> you space have one hour to get this done to. >> some people say this works better bet you needed to relax even if it is a 10 minute massage because you have to work late that night it could recharge use. >> i like all of these answers. what a way to feel relaxed. coming up on wednesday consumer reports will be here to look at the top distrait as products. coming up.

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gerri: also insurance companies are monitoring everything that you do behind the wheel in the name of lowering your rate.

will you make that trade? here is with some of your posting. steve says the key phrase is for lower rates. the obvious answer is yes. if you think any insurance carrier is doing something to benefit you, you're sadly mistaken. we asked the question on gerriwillis.com. 21 percent said yes. 79 percent said no. finally, just two years ago standard and poor's stunned most of us by downgrading our country's debt. here we extended coverage to cover the credit rating agency's move. but congress have done a better job? you were there talking to people you had every bond and airshow. line up all the big talking heads on this. couldn't we have cut more? could we have prevented this? >> absolutely, and i'm glad you mentioned all the big talk we had. they were talking. gerri: now two years later they are whistling a different tune.

our outlook on the u.s. government double a-plus sovereign rating is stable which indicates we see the upside and downside pressure is balanced. in other words all is forgiven and things are on the right track. keep on moving. let me tell you the reality. our nation's total debt is higher today than it was two years ago. why are we concerned with that going beyond the levels of where it was when the credit rating agency first said weaver deadbeats? that's where they have lost credibility. forget the ratings. the u.s. treasury market is where investors the world over rusty for safety. what's more, our equimark its are on fire. unemployment is down. a broad economic growth is up. where would you rather put your money? in china where economic steps come from the press office of the party in power or maybe europe which continues to teeter on the verge of another

recession. i know my choice. that's my "2 cents more," and that's it for tonight on "the willis report." thank you for joining us. have a great night. ♪ >> good evening, everybody. thank you for being with us. tonight you're looking at one of the many american foreign outposts shattered by the president because of terrorist threats. this is the u.s. embassy in yemen. it is closed. this is the united states embassy in cairo, also closed. the u.s. embassy in bahrain closed. ninety -- 19 of our embassies or consulates in 16 countries across the middle east and all ordered closed by the obama administration. the obama foreign policy effectively closed for business in the middle east. citing threats from