gerri: to night on "the willis report." tens of millions of americans rely and social security are in for a shock to raise will not even by half a tank of gas. a new way to save u.s. postal service now say it is time for the ipo inducer way to get the cash from the atm with no card. we are watching out for you. tonight to. gerri: we're starting with the latest of the standoff

in washington all eyes on the senate where both sides try to hammer out a deal now we hear there will be a new plan to the colleagues of the house tomorrow morning the proposed deal will suspend the debt ceiling until february and find the government through the middle of january so we can kick the can down the road. with our senior columnist and how this impacts your pocketbook. i will tell you i am starting their right away. we have a lot of headlines of the possible agreement but the government running out of money they just have $30 billion how likely is it that social security payments could be delayed? >> first, if sid did not raise the debt ceiling than the november 1st date came

when the checks were supposed to go out there rabil lot of payments without money to fund because we have to borrow money to pay those checks. but in the next couple of days i think they will raise the ceiling if not then there is reason to worry. gerri: there will be have to pay if they don't. here is what the viewers said. >> to withhold it, of seniors to pay big bird does that make sense? also. >> people depend on their social security checks to live it shows the obama administration is out of touch. >> we do have 55 million americans getting this money and they need it for their food or bread or mortgage so they can pay these. so even if we had just one withholding it would be

tragic. gerri: 58 million americans get social security checks and 44 million rely on them. we have to have them every single month. to the deal that we talk about today, is this real or is this another pass just kicking the can down the road? >> there is a lot of back-and-forth on the debt ceiling negotiation and every proposal before brings us a step forward but also to hold still so the latest item no fit is more reasonable but where it gets rid of the fee that the union did not like but also gives to the employers so this could be the way to win to have special interest umbel sides.

gerri: we will be all years if it is unveiled but $17 extra per month a cost of living adjustment increase because interest rates are so low. how was that going over? >> the problem is consumer prices how they come up with the cola does not accurately reflect what they are buying there not buy laptops or electronics they are paying medical cost. 2.5 times more of their income for says any other age group and those are going through the roof. gerri: and gas prices may not be up but we found out heating bills heating oil it

all goes up and people are paying more. how much patients are the american people going to have with what's going on in washington? >> here is the problem with there is a tension between the seniors were people who worry about the long-term solvency that medicare and social security it is there rate of growth it is way too big and social security and medicare spent more than they taken if the growth accelerates it will be greater there goes the national that item have a way to make people happy. >> but the senior sketch a bum deal all the way around. nothing on the fixed-income investment. gerri: you made a good point don't mess with the seniors because they all looked in

the you mess with your life. what proportion are seniors and what type of clout that the polls? >> natalie much more likely to vote but pay attention to policy specifics. young people based off of personality as he saw with barack obama in the middle-aged a vote on cultural identity. but the seniors do much more which is why both parties plates to them. obamacare redistributes wealth from the young healthy people. gerri: and another program that is a big pain in the back but what is your reflection that you hear? how confident are they? >> they are not. they are tired in general

and prepare for the worst. shore up your finances no matter what happens. credit-card debt could be rising so there is a slew of different consequences sandy should be prepared anyway. gerri: we appreciate your time. what using? should be peyser security checks no matter what? we will share the results at the end of the show. i was blown away by the story. earn less that is the real message despite what the administration wants you to think skyrocketing health care cost puts them in a financial chokehold but day have too little to pay for on their own so one

institute advises families to earn less so they could qualify for the subsidies to bring the cost down. this report is shocking from kaiser health in they recommend that people earn less to get the subsidies from obamacare. we have tom mott miller from the american enterprise institute. what you think? >> i think if mr. chun has signaled the hand to have for americans that are dependent on them for a handout. the macroeconomic policies are also helping but it's just the way that the subsidy structure is designed it discourages people from learning were many or working harder to take on more hours it is a perverse incentive.

gerri: the heather shoots that is dropping is people are losing coverage because those insurance policies did not cover essentials health benefits. if you were 65 paying for the insurance policy you don't want those benefits but you get them under obamacare? period you can keep your policy as long is it is the one that we want you to have [laughter] if you step out of line you maybe in trouble. but particularly those who are pinch with what they can afford in the individual market, this is a forced upgrade to a higher tear of capri to whether or not you can afford or wanted. gerri: i am amazed every day the new information that we get.

what it we just heard is apparently wants to apply for benefits they ask if you want to register to vote. what you make of that? isn't that bribing people? we give you the benefit no give us the vote. >> that is the quid pro quo that used to be the approach for the machine politics. this says if you have a pulse we want you to go i am surprised little sign this up in the emergency room it is the larger political scheme. to build a class of dependent people who in return for those crumbs will float to bring them back because that is you took care of them. gerri: encourage people not to make money? i do want to peep -- show people what we have just

gotten i was shocked that some states have zero colorado, delaware, or again these embers are amazing they basically signed up nobody. these being asked if they want to resort to that paper application or look at a frozen screen on their computer. this reflects the difficulties of the software and wiring of the technology that was over ambitious and complex. also the federal government tea and run the three car parade. also of the pentagon weapons system without the fire power. gerri: i hope they are more accurate. it cost $400 million if it does not work. >> they call it just a good start. gerri: and good to see you.

we have more to come including tips on taking your company complained to twitter. the next hot thing on wall street? the post office? the federal agency may have to go public to what you should expect if it does. weekdays are for rising to the challenge.

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gerri: would you like to own a of a piece of the post office? , after the royal mail went public on friday, according to a.e.i. the ipo could raise $40 million. but is there really a solution? would you buy it? joining me now from the monday news, this is the most ludicrous thing i have ever heard. you hear about the ipo for the internet companies that

are ridiculous with no earnings but they are in worse shape. >> they lost $15 billion, the government had their hand in their city partner with the garett then what will happen with the union did you have to refund that care they you are always in bet with the government and it is not a smart move in my opinion. gerri: u.s. ps almost lost 16 billion sitting on retiree health benefits they have to pay at piper of 5 billion in just a faulted. the standards of the private sector may be higher than the public sector? >> and you have to partner with the entrepreneur's you cannot partner with people who have not run this attractively anything out of the government that is the

business have never looked work to right. of you want something along those lines get with fedex but not u.s. postal service it is a bad gig. for a price and the ipo to word the company is fair value or overvaluation so they handed off you paid too much. gerri: i agree. but can you imagine a scenario where you buy that stock? >> i would not buy it. i looked at it like korn buffett don't buy a company unless you could in addition yourself buying the whole thing you don't have to have the money but you believe in it? i would not by the postal service to save my soul. so therefore i will not buy one share.

gerri: so if we do by the will company we will get losses, a debt, expensive workers who have claims on future earnings to their health care. who came up with this report it was a big deal? >> that makes facebook look good? >> it does. if people want to buy in the @%o which people shouldn't they don't have enough speculative money set aside but they should wait and tear of the motion comes down then they will go to town 50% in value then you can buy them off web much lower prices but i would definitely go for twitter

but honestly i like facebook better and i am not a fan of facebook. [laughter] gerri: great job. thank you for coming on. gerri: it if the post office did go public it could be on the top five the worst ipo of all time. number ive last minute.com it was bought by travel city but within a few months of the ipo the share price was cut in half a and profits were a fraction of what was predicted. number for the company does still exist with the share price of $17 but today's trade said therefore dollars and per-share. going public in 1998 then belly up after opening the

bad business model force the shares to float at $0.15. pink sheets. number two. they gave toys r us a run in two years after going public but they filed chapter 11. a peaked at 77 then hit the bottom at nine. the first? facebook you are probably pretty happy these days because it trades close but the ipo was a nightmare in many people feared levy twitter is headed damascene pass. maybe how wall street lawyers washington we use is a question how do do that? there are good ways than bad phase to complain in the best way to get a response.

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gerri: a cautionary tale how not to complain on twitter and how to complain the right way.

gerri: get your complaints heard twitter could be the most effective tool to resolve complaints but people do it the wrong way. joining me now we have the founder and ceo of ruby media group. why is it so good for complaining? >> because it takes the conversation from one way to do to way because that makes all complaints public before

customer service that is private. gerri: so now you stand on a soapbox yelling about how unhappy you are what is the best way to do that? >> the best way is to have a legitimate complaint toohave a service deficit. gerri: that sounds tactical. >> something that somebody actually did wrong if you have a skirt there is a representative so you take a photo because they send you something that was flawed in include amazon so they see it. gerri: what my friends like to do is get their friends to tweet at whatever company it is so that there is the lobbying on the fact?

>> it is a good idea you want people to share there is power in numbers especially if you want them to respond. talking about martha stewart people got very a agree with her. she wrote i just dropped my it and -- i had and it shattered do i call or haven't taken up? >> i am still waiting for a representative to pick up my ipad. me be apple now like same-day delivery i am onto something. same day. fix it. then she said steve jobs gave it to her but people were over her. >> but there is not a legitimate complaint because she broke her own ipad. it is not apples faults.

gerri: she was very angry at the company's. >> it is not their fault so that is the issue. >> so the company does have to have some responsibility. the other thing that i think is interesting is it reflects on and martha and speaks to cruciate is aig does not leave her in a positive light but people say things the paper would not otherwise say at a cocktail party would do shot out the same things? gerri: you never know. may be. [laughter] it is a pleasure. unbelievable. tomorrow night martha stewart will sit down with melissa frances at 5:00 p.m. eastern. why you may not have to use

a card at the atm and as washington promises progress markets responded what thispaid means for you in your money. coming up. ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be aarchitect. what if i told you someone could pay you and what if that person were you? ♪ when you thi about it, isn't that what retirement should be, paying ourselves to do what we lo? ♪ does your mouth often feel dry? a dry mouth can be a side effect of many medications but it can also lead to too decay and bad breath. th's why there's biotene. available as an oral rinse, toothpaste, spray or gel, biotene can provide soothing relief,

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gerri: the market's rally with the hope to the end of the standoff in washington as people have been optimistic as it began two weeks ago now the stock market averages are up over 1% in like the russell 2000 with us now we have steve crowley in hillary kramer from a.g. capital. then looks now like the market takes it in stride? >> did exhumes by an

october 17 there is a solution to this craziness and all eyes on earnings that could be fairly strong. gerri: you have to ask yourself if it will focus on fundamentals. this is one of the fidelity told the customers but to maintain the investing plan is stay the course to right thing? >> first of all, the deal is not done although it looks like it is going to be then we are back again for all the uncertainty slows the economy and slows the growth rate parker that does nothing for earnings or profits are growth. gerri: i keep wondering what

is the worst case scenario? three tech to route social security paycheck so what is in your crystal ball? >> i don't think there is a dark downside but i do think people have to watch the 401k you have to watch that better than home ownership. do it equally every month so that gives you dollar averaging see you're not subject to the market's swings. gerri: david, is stock investing the best ways to grow your portfolio? you have to wonder. some stocks are around the

u.s. and around the world. that does not mean you can lose the you can lose all the ones and then the market rises. it is a mixed picture at best. with the don't have growth they have slower earnings improvement is coming off of ratio with the profits been very high extraordinarily high. how much higher can they go or will there be compression? it is not a slam dunk. >> i believe the stock market is still undervalued in the way to go. this is where we look now an a matters this week with ge and honeywell and'' we expect internationally into

a really has thank killed our growth of purchasing treasury sid mortgages. but we have our eyes on the global recovery and there was said jobless recovery here. gerri: but want to read well walls fargo put out of the queue to the consumer right of the worst years of disposable income growth in history. do you agree? is there some validity as a result don't buy consumer stocks? >> i agree. we have a 2% payroll tax bracket at the first of the year taxing 140 million working americans. that was a tax on the entire land. we crunched the spending side and produce great

uncertainty and we have created the 29 hour workweek why we have 6 million more people in the part-time labor force when the railroad has not changed. gerri: i know you have thought so what do you think ha of wells fargo? >> looking at the 401k the employer matches at 25 for 50% then it is a huge tax several say you still are the vendor top to bottom. gerri: you have to pay to play the only way to get the money if you want to get the for a one -- erwin k. mini that is why you have to do for those investing outside is what do they do with the fourth quarter? >> and we have all these ipo

more that are coming to market the of last year. let those opportunities many have gone and above for the should be valued but many have gone through fed our tomorrows great growth companies. the electronic dance music did not do so well. [laughter] gerri: but not u.s. ps we were just jockeying about that. think you for cooing. great to have you here. great conversation. now the stories you are clicking on fox business business.com. starks ending the day higher as ashington turns more hopeful.

closing up 55 points with the broader index after starting in the red. nobel prize for economics going to three american professors winning the 1.2 million dollar prize for at the understanding of asset prices. the other two are from the university of chicago. facebook opening the first office in israel getting help from the mobile technology start up it is buying it for $100 million in the blood is coming to your cable box? netflix is in talks with several cable companies to be available on the set top box and those are in the early stage of negotiations. that is the hot story on fox business.com. a cure for july? in the newest wave of atms

you don't just talk to them you do not even need your card. you want to see that. peace of mind is important when you're running a successful business.

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gerri: with more than 1 million americans who suffer identity fried due to the card being stolen or compromised the new mobile app maybe a technology. welcome to the show deal. how does this work? >> it is you pre-order the cash from the atm so you

show up to press the button in the scheme and the code to get the cash it takes about eight seconds. gerri: you do something on one before you go? >> the ada is you pre-order from your mobile apparat the gem you think i want to pick up $40 for the dry cleaners you enter that into the mobile up then you get to the atm is simple to get the cash. gerri: you waive your phone? >> you hold it up to it with a bar code it is a lot more simple than it sounds. gerri: what if i lose my phone? >> it is actually more secure than in your debit card but if you lose your phone you know, about it.

gerri: then you can disable slap -- the application? >> k.k. and in then take away all payment information gerri: i can do this anywhere at any atm? >> right now is only a pilot with three anks but into a 2014 nationwide rollout of the other to hope to bring it out with their child right now it is just a pilot gerri: my phone only works 40 percent of the time. what if i don't have coverage? >> that is a fantastic point but they told me they are looking at installiig signals to help you get a signal to complete the transaction.

gerri: the boosters are on my phone? >> good question they're actually at the bank so that we your reception goes up. gerri: that is a lot of the installation so what is on the horizon? >> where this is going part of a broader mobile wall was strategy's use your phone to replace a lot of other functionality is the you do with a debit card. gerri: you are scaring me. idea appreciate you coming onto the show. interesting. anything that would make banking easier is better. >> absolutely. gerri: don't let jet lag ruin your vacation. a new possible cure for your travel hang over. stay with us. ♪

gerri: could a cure for jet lag be on the horizon? receptors could be the link to find the reset button to the internal body clock back gets out of lack with long distances. here with the findings the standing position over a winthrop university. it is a great to have you

here. really a cure? >> would not go that far. the study was done with my eyes looking at receptors to block or genetically engineer so they don't have the receptor. these drugs can actually block the receptor that involves the internal body clocks so jet lag is a mismatch between your internal body clock and the destination clock is very different. gerri: so when i talk about the reset button that is what you describe? >> traveling east to west or west to east affects people north or south is not a big issue. gerri: i went to london an august i was in the chair that almost went -- let me

recline in a slap of might and reedy to go. >> ideally you should travel during the day you don't want to give up too early or late but on an airplane the air is dry so that to make people feel worse and alcohol will exacerbate the symptoms of jet lag. but the drugs that can help are fda-approved already but for other conditions. gerri: so this treatment it is not considered for humans but down the road? >> it already is treated for heart failure or liver cirrhosis but sometimes the side effects could be relevant if taken for jet lag but those who worked in the airline industry that fly regularly there are serious health conditions

associated it is not just about making your holidays better bet high blood pressure, obesity these safety concerns was jet lag so we will see a much more research in this area. gerri: i can imagine people who work in the industry suffered. obesity but are there other things? >> obviously if you fly they have a strict regulation about health concerns so the pilots are well aware but the passenger and the cost to yourself. gerri: gin a and tonic to raise that. [laughter] think you for coming dr.. great to see you. we will be back in the answer to the question of the day. should social security be saved no matter what? stay with us.

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gerri: the markets will be glued to developments in capitol hill tomorrow, senate republicans will present the latest teal to the house, the proposed deal we're told will suspend the debt ceiling until february. we're kicking the can down the road again. republicans did win a concession related to obamacare but not the big one they were looking for. lawmakers would begin longer term talks on the budget. harry reid said all sides need to be patient a full two weeks after the government shut down. while the real numbers are not released because of the government shut down, preliminaryin figures suggestion that year's social security

could be tiny. many are worried that social security checks could be stopped next week, do you think they should be paid no matter what? here is what some of you are posting on my facebook page, yes, social security takes in millions of dollars of day. , ymoney for social security some never be involve with any other part of the budget, we ask on gerriwillis.com could 89% said yes, 11% said no, log on to gerriwillis.com for our on-line question every weekday. we have some of your e-mails on obamacare, thomas from california, writes, i would like to know where those who are asking to pay for insurance are going to get the money. i don't have it to give even if i wanted to, and barb from idaho

agrees, if i could have affordable health care, i would have purchased it years ago. and how is obamacare paying for this? oh, yeah attack payers, affordable health care my foot. whether facing tough times in the economy, college graduates will be more inclined to take the penalty. big choices there and kay from arkansas, i will not buy insurance, i can't afford it and make too much to get it for free, i'm in the gap. interesting, jim from alaska, partisans will be the the death of of this country, washington needs to focus on what unites us not divide us. we can find politicians capable of understanding these common sense lessons, i don't know, jim. >> and dan from texas, you you are a attractive, and

intelligence tv host. we love hearing from you, send me an e-mail. gerriwillis.com. you know, i hope that senate congressional republicans is find common ground to reopen the government and pay our nation's bills, but i have to tell you, i wouldn't bet the house on it in the meantime, more senior are beginning to wonder how much the shut down could cost them, could social security payments be suspend? we don't know, and for how long? we don't know and a question we're all acting ourselves, why can't our elected officials get their act together. senior got word there cost off@ living adjustment for social security this year, is $1.5%, or $17 a month. a big thank you for the government who is happy to pay tab for el plow and big bird -- elmo and big bird, time for our elected officials to start working for their hone and for

us, that is my two cents more, that is willis report, thank you for joining us, dvr the show if you can't catch us live, have a great night, see you here tomorrow. lou: the republican ark travelled. to now, perhaps rolling back the most successful fiscal policy since 1980. the sequester, dde to a spenterred republican party, established g.o.p. in senate and grassroot conservatives in the house, who now emerged as leaders, frustrating president obama, harry reid and the old guard of the republican party, i am lou dobbs. good