eyeballs said he does not pay any bridge or tunnel fees that saves him $13. we hope you made money today. please tune in tomorrow. >> hello. tonight on the "willis report." of the flash crash and the flash freeze and the stock price goes haywire. can they fix the problem? in the colleges that make the most money a i opening new report. how do you do that? the right way to shop at costco. we watch out for you. tonight. "the willis report." gerri: lots of good stories tonight but the

of going public with the ongoing businesses but it creates a problem upon problem with these exchanges to find profits. very difficult to make them seek out strategies that do not help individual investors. >> agreed. there is no profit bond dash problem with profit but they do have to maintain there of time to have these plans in place it is about investor confidence. this all has a massive effect throughout the entire economy. if the investors don't believe there are rules to investing they will not invest their money. that affects the company's fat raise money for growth and expansion and if they don't go public that the start-ups have a harder time it has a tremendous ripple effect for the economy. >> if you saw my e-mail's every night they have lost confidence in the markets.

they feel it is not in evening -- even playing field. so those are treated. >> absolutely. >> if you want to retire you have to put your money in the stock market. >> absolutely. the one place that underlies the others is the regulators. the way they approach is to take this step back that who are the participants today? they are not the financial center of america. [laughter] >> note. >> did have them talk. managed like a good business and there are lots of other problems.

abu dhabi has a stock exchange they can create a derivative with the underlying components of the s&p 500 it could set off another panic in the united states. there are a lot of things to conceive of we have to protect ourselves now because something else will happen. people have missed out on the last few years of the bull market there was some wealth creation with opportunity. that is just a shame. >> i have to ask about the companies that want to go public. that is what the stock market is for in the first place. twitter we found out today that they will come to the market in the near future. will pay less on the nasdaq? >> my bet is no. i think to many things have

gone wrong. i think they will list on york. >> down the line does it get six or we just keep having this problem? >> it is so huge and affects so many people if they don't fix it, people need the stock market to retire or to gave wealth. -- we need the leadership to take charge and there has to be a principal based regulation. >> today's meeting was closed to the public. i did not like that so we could see what is going on. >> i agree. i don't why did they get something done but are those the right people? do they have the right agenda? right now the sec is looking at the regulations bills were written before

computers were around. such a look at the underlying fundamentals of what could go wrong now? >> a lot. think you for coming. on a totally different topic the nation's border patrol they don't think it needs a search warrant to grab or copy the affirmation of of your gadgets. even in dissent travelers are at rest and. joining me now is the privacy expert of ceo.com. how does this happen? i have a bet across the border for times over the last month. nobody grabbed my blackberry but it could happen in. how did we get here? >> in the shadows of night 11 with buildings crashing around restarted the department of romance security and pass a patriot act that gave the government

access to more information now that they have it they want to more aid war because it doesn't only stop terrorist attacks but fuel for the fire. >> years with the spokesperson had to say. it is'' essentials to enforce the law or public safety always with the shared goals to protect the american people while respecting civil rights and civil liberties. >> in the interest of security 11 days after my 11th we did the department of homeland security in we were willing to put privacy of the back burner. but now we have moved on we did not put a sunset and we have moved to the point to we're at the border between security to the rights we had before. >> it seems to be some of these searches have nothing

to do with terrorism the. >> that's it. the scope has grown so big with the nsa surveillance that in the case of bradley manning and the person he was affiliated with had nothing to do with terrorism >> it is now chelsea. [laughter] >> parted me. >> that was a big case so he would leak information to wikileaks now facing the 35 year sentence but his friend was stopped and his cell phone was searched and there was a lawsuit but the court sided with the federal government and the door is open to have any informations searched at the border. what you tell people to say i want to protect myself? is there anything? >> there are some not so

nice options not travel internationally and stay home and leave your gadget at home. people of making that choice. one of the more creative solutions is if you have a computer and phone dedicated to travel only the you keep very little items on if they are searched satisfied because you don't keep much on it. >> looking for information about our relationships? >> if you get a phone call or a text or e-mail from a suspected terrorist or you have the recipe for the boston marathon style bomb on your smart phone then they want access to that affirmation but that is such a logical argument. of course, we want them to find that the scanning every american that goes across the border to find those cases is needle and a haystack and ebros personal

privacy. >> this is fascinating situation. i feel like of calcium is over my shoulder all the time. >> readjust warming up. fed to move that will cause your electric bill to go up plus which colleges get top marks on when she graduates of high-paying job? your money is coming up. we went out and asked people a simple question:

how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed much is the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪

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keeps the seeds from getting up underneath. even well-fitting dentures let in food particles. super poligrip is zinc free. with just a few dabs, it's clinically proven to seal out more food particles so you're more comfortable and confident while you eat. a lot of things going on in my le and the last thing i want to be thinking about is my dentures. [ charlie ] try zinc free super poligrip. gerri: regulators have opened another front on call. the epa will block the building of coal-fired power plants unless stated with expensive new technology according to "the wall street journal." the report due next week is one of the biggest pieces of the climate change agenda. the rules already in place are effectively killing the coal industry and obama has no secret of fixing.

down from the heritage foundation study the impact of the consumer wallet and it is a huge. i have read call is the single largest source of electricity. what is the impact? >> you are right. colin is 30 percent of the fuel use generated to make electricity and this is designed to prevent any new plants to replace the aging infrastructure in place. so this is the kiss goodbye the west virginia and wyoming rolled this is intended to eliminate the use of coal. but solar and wind will not cut it. [laughter] energy is the import with every product or service we will see an increase across the board.

>> do you know, how much? >> i don't. all i can tell you is i expected to ripple across the entire economy. these are costs that the economy right now should not have to undertake. we have tried various green energy experiments than they have not worked pouring tens of millions of dollars into them now that epa will take another stab by taking energy away from us. gerri: millions and billions of taxpayer dollars put into the ideas that are half baked. now we have coal sitting there we have numbers from heritage showing prices could go up by 20 percent. that is just a big tax on americans to make everything you do more expensive leather ready your house are

going to the garage restore or as you say ripples through the economy. what does this do for the average american family farm this president? deregulation without representation to take this question before so the obama administration is making the decisions without them and i suspect there will be legal action in. entire price says across the board not just the pocketbooks but also their jobs. as prices rise people don't buy as much. and they will not be produced as much. gerri: talk about west virginia and kentucky, a

full disclosure i of the granddaughter of two coal miners. i know what it means of those communities if they get shutdown way when the somebody in washington d.c. makes a decision has nothing to do with economics. this rule does not make it economic to new digs for coal or take advantage of the 500 years of product we have sitting in the ground to give us the incredible advantage in the marketplace that makes no sense off. >> the worst part is it won't do anything or accomplish anything it is all cost and no benefit. the reduction of the missions will have absolutely no effect on climate and that is the idea the premise behind the regulation. they don't know yet with the

existing plant. of this is just the first shoe to drop in the next one is coming in a couple of weeks. gerri: it does not even do what it is supposed to with no effect on climate change. gerri: it is a pleasure. think you for coming today. what do you think? >> is president obama snuffing out our energy independence? go to gerriwillis.com and vote and i will share the results later tonight. the entire flying experience without breaking bad bank how you do that the smart way to buy in bulk? the next time you are at costco. what you have never heard before. [ woman ] if you have the audacity to believe

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gerri: buying at your wholesale club is trickier than you think. we want to give you the best you should splurge on at the megastore in what you should just by your local grocery store. here to it -- here without a shot in both successfully, kindle peres. manager, a kendall welcome to the show great to have you here. >> thinks her having me. gerri: this is what i find interesting everybody shops at these stores. i remember talking tomb mitt she told me that she bought her husband's shirts at costco. they collected these numbers.

shoppers average income $85,000. sam's clubs $75,000. america likes to shop this way, shop this way and a smart charge to -- shop display. do you agree? >> absolutely. i shop there all the time because it can degrade deals. gerri: okay. you have great ideas because it is not always obvious what you can really save on. what do you think it makes sense to buy at these stores in bulk? >> definitely things that you buy and use and replace regular the but nothing that you have not yet tried. gerri: best buy toothbrush toothbrush, toothpaste, paper products the you do not like the over-the-counter medications or gift cards? are they overpriced? >> it is also ocean of life. over-the-counter medications at sam's club you can have the three pack that has 300 tablets but the shelf life is one year there will not

be any way to get through that i'm so it is better to buy them in the generic form at your supermarket. gerri: you have a specific class to. -- less so download the comparison shopping application. >> mike price grabber or shop savvy it is what you can use to compare that prices instead of the google's search you type in the product it will pull up the list of stores and online resources and for how much. gerri: andy is a shot costco tuesday or wednesday? >> because we can serve very busy and the stock for popular product can right now plus they usually released t-bonds and promotions on monday so you can take advantage tuesday and wednesday. gerri: avoid the middle of the store?

i think i know why. >> that is where they put the fun and it is seasonal items the impulse buy that will break your budget. shop the perimeter. gerri: am i missing something? >> costco when you looked at the price it ends with $0.97 it has been recently marked down as he no you get a good deal even sam's club at $0.1 or $0.41 or $0.91 a has been marked down recently. gerri: i love that. people would know that keep your eyes out for that. she has the down the with every detail. it was great to me you. gerri: 47, 91, 99 or 1 penny is what to look for. american airlines plans to

exit bankruptcy protection by merging with u.s. air raids. to get the all clear how weber the airlines have to settle the entire lawsuit -- into a trust lawsuit from the government. the company says the money raised will go to pay down the hotel chain. also planning to go public you heard it here first, a twitter the social media ipo files the paper work with the securities and exchange commission and. more than 2 billion dehumidifiers are recalled because they can overheats and catch fire. they are made by three electric appliances a chinese company sold under dozens of brand names including kenmore and frigidaire. check it out of line for more information. those are some of the stories with fox business.. which college will flee into

the highest paying job? u.s. postal service to sell cash strapped they cannot afford to buy a new audience. what they are doing instead. coming up. ♪ no two people have the same financial goals. pnc investments works with you to understand yours and helps plan for your retirement. talk to a pnc investments financial advisor today. ♪ always go the extra mile. to treat my low testosterone, did my research. my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men.

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♪ >> from our fox business studios in new york, here again is gerri willis. gerri: it is a question i know you thought about. if you're a college student, college students parent, how much bang will your graduate get for their college buck. a new pay scale report crunched the numbers, and they join us with a list of colleges is graduates land the big salaries. with more on this, the leading economists to have this report. this is interesting stuff. during a bid to buy big education schedule. been looking for this information and cannot find it. have this list of colleges that produce the highest earning

grads. when you help me work through the starting with number five. >> of premier business school in massachusetts. regularly known for entrepreneurial success of graduates. they range really well, $120,000. gerri: 59,000 for just enough, which is good. >> very good. gerri: the institute of technology. is this a bunch -- what are these people doing for a living? >> this is an engineering school. people who are going to various engineering fields as well as computer scientists of re-engineering. fields that they really what and are in demand with today's economy. for which. gerri: california institute of technology, working their way up the list. it sounds like more engineers. >> exactly. that is a recurring theme of the top of the pay scale. gerri: and we have the united

states naval economy. now, why i they high-paying? >> it turns out that the institution is similar to army. prepare you with a lot of skills of a valuable. the, security protocol. those all lead the naturally into management roles. gerri: that is interesting. and never would have put that together, but it makes sense. somewhere i have never heard of, the harvey mudd college. because i've never even heard of. >> we call it a little college that could. southern california. and it is a premier engineering liberal arts school. kind of special in that vein. philip engineering and with the liberal arts structure. the majority of programs that they offer there are engineering, computer science, some of the heart of this bill sciences. a recurring theme that there the ones that bring the biggest paycheck home. gerri: well, and i think that is really the takeaway here.

although, let me mention something that is funny. here we have the top five. the princeton, no harvard, no yale. where did they rent? >> still in the top of the list. roughly the top 20. the only reason that they are slightly lower is they do not have as strong of a sense. there are a lot of people go to the ivy league and major in english are various communications are social sciences which tend not to do as well in terms of paychecks. gerri: since we had that been going here, we decided to also look at highest earning majors and we will work this backwards. it is engineering and math. starting with aerospace. >> that's right. the top 20, 19 of the top 20 majors are still in fields. the only one on bought his government. but other than that it is all stem. gerri: two of want to ask? government is higher earnings. are you kidding? >> i know. it is interesting. it is. we looked at a lot of the jobs to people said there were

government majors, intelligence analysts and executive directors for nonprofit. also government program manager. so a little hard to get, but if you're able to get one you can do well. gerri: back to highest earning majors, aerospace and engineering, chemical engineering, nuclear engineering , actuarial mathematics. i wish i was that smart. petroleum engineering. petroleum engineering is number one. in this career you're making 160,000 starting out at over 100 grand. that is big news for people out there who are looking for the right thing to do in this economy. hard to find a good job. thank you for coming on. that was interesting stuff. >> thank you for having me. gerri: now, be sure to watch next week for the user's guide to education. all next week. we will be looking in what is happening to college education, offering parents and students alike the tips, tools, and strategies for getting an education without breaking the bank. when we come back, a decision that everyone faces, including

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gerri: united states postal service is cash strapped. they have already defaulted twice last year on them as they go to the federal government and are looking to cut costs. one we are doing so is by soliciting federal contract aids telly's minivans and cargo vans. here with more is policy director public notice. this is just funny. i am sorry. these people cannot get it right. what is the problem? let me tell you something funny. they are paying $31,000. find dozens of them. why would they do that?

>> the typical thing. they love to kick the can down the road. that is what they're doing. not addressing the structural problems. they're trying to a -- gerri: i agree with you. they are announcing it will take their 400-year-old postal service and take it private. is that not the right thing to do this one? generally i you know just like everybody else.

you know, i think you have to think about the solution. and one of the reasons congresses are reluctant to do anything is a lot of the postal carriers are people who vote. there reluctance to do anything to make them angry. was a solution to this problem? >> getting the congress out of the business of running post offices. not just people that work for the post office vote. it's a lot of these small and remote towns like having the post office in their area. a you know, we have to face the facts. losing millions a day. this is an unsustainable business model. we cannot keep on doing the same thing which is what they're doing right now. gerri: to what degree did they have:00 on taxpayer go? they're supposed to operate like a business. at what point and they say we need some money. >> remember fannie and freddie. they were cause i government entity. we were never supposed above amount. the postal service's setting

themselves up just like fannie and freddie to have to come knocking on the doorsteps of washington, demanding a taxpayer bailout. gerri: in the bailout of that and then also the bailout of, say, the pensions that these u.s. postal service workers get. we can get hit a ton of different ways as taxpayers. >> that is exactly right. that is a big cost for the postal service, the generous pension. if they're going to ignore the cost there ever read is serious about the long-term structural challenges. >> is a lot of those. thank you for coming on the show. >> the key for having me. gerri: u.s. ps. there will never get together. a new commercial survey says eight out of ten of us have been the target of some sort of financial scam. one of the biggest scams, that is tonight's top live. number five, you won the lottery

usually in another country, believe it or not. hard to win, especially when you're not even there. number four, cold calls. scanner's often try and befriend you before pitching you all sorts of stuff. just say no and hang out. the stock scams. penny stocks that promise big returns. there are -- there is a reason they're nearly worthless. financial magic. nothing scarce. one of the most common financial scams, relative abroad. you really don't have a rich uncle in nigeria was to wire you to a million dollars. hard to believe that some people still fall for this. these a the kind of scams that are big money. an estimated 50 billion the year to scam artists. usually the elderly, so watch out for mom and dad. still to come, here how you can fly in luxury without hurting your bank account. there he is right there. stay with us. ♪

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gerri: flying in comfort without the sky high seas. fare compare is here with cheaper ways to upgrade your inflight experience. it will be cheaper. next.

♪ gerri: well, forget your $5 ft longs. a glitch on the united airlines said it was selling some of its tickets for the same price as a subway sandwich. unbelievable. joining me now, ceo of fare compare. that does not happen very often. does it? >> it does not. and the five or six years ago it used to, but they have gotten a lot better at catching these errors. today a lot of people but five and $10 tickets on united during the lunch hour time, mainly because they had a glitch where they were only charging the

september 11 security fee on tickets on many routes. so the question now is, will they honor them. sometimes when you have these glitches they try not to honor them, but they're is new ruling of the says, as long as you get your ticket, they send you your ticket, they cannot increase the price afterwards. we will have to see what happens in the coming days. gerri: some people were actually able to buy them. the website is fixed. don't go thinking you will get up $5 ticket because it is not there anymore. but that is pretty amazing. >> a good reason to watch twitter. the split up like crazy. so a lot of people were able to sneak in and get those. one guy bought 12 tickets from washington d.c. to honolulu. gerri: all right. i have to talk to you about this thing we book fox business. my husband is 6-foot 3 inches. always looking for big seats. we have to have some leg room. some airlines out there right now who are advertising for

bigger seats. tell us. >> seats are at least 1 inch wider than of the other airlines. especially if you get down to someone like spirit airlines word is 4 inches bigger. definitely if you get a chance, those two airlines. another trick, if you fly on tuesday, wednesday, and saturday, they are the slowest days and you are likely to have an empty middle seat the you can share if you have two people. that also helps. you can sit sideways. because -- gerri: some of the seats are so small that, i mean, the person in front of you means back, there's nothing left. >> i actually quit carrying a laptop. i have to use an ipad now because my laptop just folds over whenever someone is back. gerri: i'm sorry, i interrupted you. you were going to give us more tips. pretty terrific. tommy where your going. >> a couple of things. if you have the least that is in

our family of 34, now give you an example. i typically have a family of three. i will actually booked to tickets, one for my daughter and myself and one for my wife. i will upgrade my daughter and then send my daughter back to my wife's seat and my wife comes back. he also have airlines for $4. you can update your seat at the kiosk to one that has $0.6 is more leg room. that is on delta, united, and american. gerri: four box? >> on certain flights. the longer the flight the more they charge you. check on your iphone or android. ticket the kiosk. gerri: you are saying check. you mean, like when you are checking in, the little machine. is that what you mean? >> actually, marketing the seats at the last minute. even if you print your boarding

pass of the home. a mobile device or yemen of -- still check the kiosk. they are offering of the bigger seats at the last minute. they end up having to sit just sort of random people in those seats. you just want to be a part of the random group. gerri: thank you for coming on. we will be right back with my "2 cents more" in the answer to the question of the day. is president obama snuffing out our energy independence? ♪ my mantra?

always go the extra mile. to treat my low testosterone, i did my research. my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as uneected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and meditions. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet or body swelling; enlarg or painful breasts; problems breathing ile sleeping; and blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell count, headache, diarrhea, vomiting, and increase in psa.

ask your doctor about e only underarm low t treatmen axiron. ♪ gerri: earlier in the hour we talked about our coal industry bracing itself for the epa to crack down on new plants and the impact that would have on you. so is president obama snuffing out our energy independence? here is with some of your

posting. robert rights, yes, how do you prove the keystone xl pipeline five years ago maybe we would not be so worried about getting foreign oil. mel says, led the epa play with wind and solar, but killing cole is a major screw up. i agree. donna says, this has been going on for decades and is time to start some self-reliance. we ask a question on line. 99 percent said yes, 1 percent said no. it is unanimous. be sure to log on to gerriwillis.com for our on-line question every weekday. and here are some of your e-mails. harvard, not the university, from new york. a government manipulating economic data, just incompetent. believable. and here is joe from washington on a different topic. customer services a rarity in the u.s. with taxpayers' bailout. focusing on banks, however credit unions treat their customers know better. bury your money and i can. cash is key.

deal in cash. and anyone who does not actively think a credit union is asking the banking system to rip them off. we love hearing from you. the allout from august last crash. in any regulator is willing to admit. in what way is that a reliable market? why should investors, especially small investors with no special advantages trusted? this is a ridiculous state of affairs. don't believe the official line. glitches don't stop markets. a lack of foresight and planning stockmarkets. that is my "2 cents more" and that is it for tonight on "the

willis report." thank you for joining us. don't forget to record the show with you cannot get just life. a great night and we will see you back it tomorrow. ♪ lou: good evening. thank you for being with us. the internal revenue service scandal may have been blown wide open today. the tax agency targeting of conservatives and tea party groups and those responding to some response overcoming their this hour. e-mails between former executive organization's director and her staff reveal the targeting of conservative groups being politically motivated. one such e-mail calling tea party applications very dangerous. also tonight russian president penning a lecture to american