tv The Willis Report FOX Business November 11, 2013 6:00pm-7:01pm EST
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features with twitter and u2 and facebook and now they are killing the program entirely. i hope you made money. the willis report is next 87 to nights on the willis report. the question of the obamacare website will be fixed as promised. but the real problems will just begin. airlines using in-flight wife died to get your information. where do they draw the line? are you ready for the holiday shopping season? don't buy another thing until you see our users guide. tonight. the "willis report."
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gerri: your show. your money. your voice. tonight your veteranssthis veterans day we know our veterans are in trouble. high unemployment rates more and more heroes on food stamps. where have we gone wrong? and as a research so selflessly better a goldstar mom a mother of a navy seal also a military family adviser with concern to veterans for america. we appreciate you coming. but what is 900,000 veterans on food stamps? why it is going on in the? limit these are brave and amazing human beings writing
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a check to america up to their life in america has turned their back and right here in new york city 40 percent of the returning veterans find themselves on food stamps and standing in this soup kitchen and it is inexcusable. gerri: i read effuse he went to thousand vets will be eating at soup kitchens on the thanksgiving. how do react to that as a mom? >> it is tragic. throw my son's life i have met paul lot of people who have served and even since his death now working with concerned veterans of america the these people not being able to find jobs or proper resources or medical care is an atrocity in the black mark on the american citizen.
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gerri: we're looking at pictures of you and your son and we will get your story but when you talk to individual they say it is so important to give our best bet we don't. >> but they're not talkiig about the war that is ongoing but what takes place because of that. even on special days like memorial day and veterans day b.c. images from the past but nottof indeed from the current war fighters coming home as somehow america has been disengaged with the war we have to reignite. they need to be reminded we are at war and people there coming home and did family is a losing a loved ones and this is real happening right now.
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gerri: transitioning back they're having trouble getting a job 10 percent unemployment with that's higher than the rest of america. wal-mart says if you come home honorably discharged we will give you a job. shouldn't there be more employers stepping up? >> i do think that is one group of citizens that do deserve a step up. they have sacrificed everything. when a person joins the military they are the property of the u.s. government literally. ever cancelled holidays and vacations they dedicate everything to america's safety and the very least we could do is dedicate ourselves to their prosperity when they come home. gerri: you gave me a copy of your book betrayal a story of your son that was set on the raid of osama bin nodded
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but tragically died with 16 other navy seal. >> a sealed he is a home wrecker.com. >> get was mayor ran the osama bin lauded raid. >> i don't believe he was a part of the raid but it was his team. >> he was amazing. my husband finally put the book together to decide they need to know what is happening. but especially an agreement with what is happening here on foreign soil and the military war fighters are being betrayed by we finally put the book together. gerri: these veterans deserve better treatment and to you and your family thank you for your sacrifice think
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you for coming on the show people need to hear about this. audrey we to wait enough? that i will show the results at the end of the show. of rage upon outrage. we have a sneak preview of the enrollees in to obamacare the white house is forced to release official figures we were promised the and this weekend now from the manhattan institute five, paul i want to talk about these numbers. glenfed sinn of the number that we expected. >> 3% of the inspected enrollees is a reflection
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how terrible with the technical problems it is impossible to get on the site people are staying away until they see it has been fixed. gerri: our expectations are a dial back every day but they had a goal 500,000 by december 15 of the 50,000 number is a fraction of that in defense and smaller fraction of those who have had policy's canceled. this is outrageous. that we could have so many policy cancellations nobody could sign up. very few. >> with the president's non apology apology they knew about this for years and kept repeating the promise
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if you like the coverage you can keep did they knew that was false and this will haunt the industry should for months to come. gerri: i don't care about the impact on politics but your wallet and your life. if your policy is cancelled today because of a requirement end you cannot get coverage, and now you or face possibly with having to pay catastrophic illness out of your pocket is unconscionable. forget politics. think of the moral reality. >> these people wiil face higher premiums at least half will not get any subsidies and will be required to buy more expensive coverage and they cannot tell it doctors or hospitals would be covered.
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you are right to is a moral issue. they have been promised something. gerri: i want to ask you about says all are in charge of fixing obamacare he said it is a long way from where it needs to be. that they will make the end of the month deadline there will miss the. what does that mean? for people cross the that covered -- across the country? bamako's who are the most determined older or sicker who could benefit they will get through that will leave to a higher risk pool and higher cost down the line to locker it drags on the worst shape and it could lead to the collapse of the
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individual insurance market. gerri: they still have not told us the official number. but it the three guys from silicon valley decided what happened if we tried to build a health care .gov on our own? it is done within days from line and get a sense of what is available and how much to pay out-of-pocket. what do you say a couple of software programmers could design a system and have it done in a heartbeat? >> why didn't they did? >> over $500 million could come get it done. other companies could do this years before obamacare -- obamacare and other people have medicare exchanges for private employers.
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the web sites are out there so it is a complete disaster they could not get it done. gerri: that knowledge base does not exist with people who contract with the government. thank you for coming. if you are curious it is health care.com. now the irs is cracking down on fraud but a little bit too late. and now the nation's kids are getting sick as the return of mumps and measles. coming up. customer erin swenson ordered shoes from us online
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your child. that is what you get vaccines. >> i am sad to say a british doctor published an article very reputable reporting on the link between vaccines and doctors said it was published only involving 12 children but unfortunately it was published 15 years ago his extremely flawed over 12 children also a number of studies looking at the issues since then but 15 years later and the legacy that people our concerned about the link. gerri: one solution is to get your child vaccinated. we know about this study but people still believe it and
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is that the only reason? is there something else? are kids being ignored by those who are too busy with their lives to watch out? >> if your child uc developmental issues to understand why parents are very concerned and those vaccines given to children during the developmental stages but in answer to your question and we have to emphasize that children and diseases and some patients are very deadly. they can kill. gerri: in boston and they had 24 cases. and i read the comments of a young mother that says your child could in effect my
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three month old baby killed them end get a vaccine. >> she made the point of the community but 5% plus are vaccinated but it is coming down and there are a very few who cannot receive vaccines due to medical reasons but that is when those few people are not protected so if those children go up. >> so you feel everybody else but as more and more people don't get the shot that everybody is a risk that is the consideration people don't make. >> my friend told the they lifted one of the most exclusive neighborhoods in the your carrier. very expensive and she was
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floored. i wonder the degree that people are not aware because the ioc these diseases any more. there not exposed to the real risk. >> even well educated people they question the science and don't understand how flawed the studies are. and with that risk associated with the vaccine and that ought to is some steady is discredited. >> would head the 59 cases in 16 states that is astonishing. >> it is. not just the global increase but various population is the numbers are higher in
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those areas that is the risk to pick up the disease is much higher. gerri: take you for making us aware. later be picked up the user's guide to shopping and what not to buy on black friday. there is a list more cases of waste fraud and abuse how refunds are handed out. it will shock you. ♪ ♪ constantly putting out fires. so i deser a small business credit card with amazing rewards. with t spark cascard from capitalne, i get 2% cash back on ery purchase, everyry day. i break my back around here. finally soone's recognizing me with unlimited rewards!
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gerri: tax very funny and identity is a girl ring epidemic the irs paid to do the $4 million of tax refunds to identity thieves but it is the way they hand it to them now the real problem? let's talk about the fraud first the story was out last week but the federal government is sending money overseas? >> but refunds were so early on there is of this message. gerri: talk about the fraud. with e filing of a social
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security numbers it is easy for thieves to take the number two fictitious leave make up a tax return they get their refund routed to them because and the bank account even a debit card at a drugstore and there is no verification of the name on the account your the debit card. gerri: this story is essentially was 655 tax refunds go to a single address or shanghai it is federal taxpayer dollars. because the irs believes these people are opposed massive refunds and this is possible because they don't jack? first they send the check can wait for the w-2 and that seems crazy.
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>> i think part of the problem is the irs verifies that they verify with what is said to to the as the say so they are to be sent out to the employees and defenders by jittery 31st. however they're not filed with as a say intel february february 28th but taxpayers want their refund. if you do you want to get it filed by david g. geary your february 4th so there is a tie between the filing to get the returns filed in refunded early verses when it is verifiable. gerri: they have figured this out because that government is not checking it is sending us a check before you deserved of
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monday. >> they need to have the systems parallll one another with timely filing but you know, somebody will be happy because taxpayers don't want to wait until february 28. but we should because we all pay for this. that is a lot of money overseas and once it is going you will not get a back. crazy story. i had no idea it explains a lot at the irs. send the check and we will look later. >> you cannot look overryour shoulder. it is not coming back. gerri: our financial panel is coming up and say no. one of the user's guide to holiday shopping information
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to get the best deals and there is a ggod chance it is not on black friday. ♪ ♪ 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 to their 90s. d that's a great thing. butven though wee 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. ♪ ♪ [ male announuncer ] the parking lot helps by letting us know who's coming. the cas keep everyon on the right track. the power tools iroduce themselves.
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good news. i got a new title. and a raise? management couldn't make that happen. [ male announcer introducing fedex one rate. simple, flat rate shipping with the reliability of fedex. gerri: you want to holliday shot put tonight we launch a user's guide the deals to downloading the est holiday app we are dedicating this segment to you and me and take a look at the toy store fao schwarz with a preview of toys this season and a nostalgic look back. joining me now with the advice is a consumer savings
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expert. thank you for coming on the show. you don't see this very often about retailers what are the best to check out? >> apple is the one time of your that they offered deals if you look for the laptop for the ipad check that out. macy's. wal-mart of what will be opening on thanksgiving so we could expect fed deals to match but also online. gerri: wal-mart will be competitive no matter what looked at the stores open on thanksgiving. kmart, all they've become the best buy chemicals, and macy's, a target, officemax and this year's. what should people be buying? >> looking for electronics
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but you don't care about the brand that is wonderful as he mentioned all those storrs will see a great deal on apparel but also matched of mind so you do not have to go into stores and housewares is always a great thing to buy. gerri: pots and pans may never go on sale but they will be on black friday. gerri: apparel but not winter coats? simic you have to wait for the season to change so jean you very is the time to buy into it -- to buy that apparel. gerri: ready as soon as a sale is a good sales gimmicks some things wait and tell cybermonday that anything like a vacation package on the.com you want %-monday and also onber
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black friday you really want to check out all of the electronics but not name-brand. gerri: don't to buy toys? >> wait for the two weeks leading up to christmas and the sales are even greater. gerri: moms say are scared they will run out. >> you are really worried they will be on the sale but really for the discount rate two weeks before. gerri: you say forget the apparel? >> they will hit the clearance rack costs 60% off supply those deals and also for the name brand of television when 2014 models rolled out in 2013 will be on sale so way intel early january. gerri: you have to be careful.
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>> be a savvy consumer. gerri: you just help us to do that. of tomorrow to reduce hours died continues my revenge of brick and mortar of the best deals may not be on-line. the you're not the 42 million forgoing thanksgiving you could help thanksgiving preparation easier. the best gadgets for the kitchen. number five a garlic press that does not clog. large chamber and a good grip $16. number for the better blade it hopes to capture the flavor with the grip case that does not end up all over the place. $15. number three sharp knives. consumer reports recommends
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and this brand for $75. number to a pptato peeler and this is an unusual but effective brand $18. also helping with your apple pie. number one gadget at bundy and chopper. the greatest gadget is perfect for small kitchens. $40. also the good grip cheese grater $80 is also on the list. -- $18. invasion of privacy all in the name of good cost german -- customer service and finally jumping back in the market are they in it to when it? our financial panel breaks it down. ♪
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gerri: the markets and the end they agreed hitting another record high after years of sitting on the sidelines small investors are getting into the game with stocks rallying deadbeat -- double digits from half they waited too late? our guests are here, a great to have you here. hillary his mom and dad too late? van eck it is never too late especially if individual investors are here for the of long-term saving and growing their portfolio for retirement. the market is not overvalued gerri: it is getting pretty pricey. should they be worried day by the at the wrong time with a basket that will
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topple? >> not at all in it just reflects low level of earnings that the all-time high and operating margins will set a new record andd3 interest rates are at the all-time low bierce set up for a bull market and we have another 5% to the upside before the end of the year and another double-digit gain next year. gerri: stock mutual fund investment up $76 billion. money coming into these markets right now. chaff, what do you say? is the time being circumspect? >> yes. we're very of domestic where the market is headed and we agree there's plenty of room left but i don't think we
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should be too optimistic going into 2014 we have to be careful because no matter how good the market reacts reacts, let's not forget the fact that inflation is coming and things will get very rough starting next year i am all for getting into the market but you have to be careful to. >> but the key is the right stock at the right time. you don't want to buy high-flying stocks because now was not the time to be price line nor lead dan or certainly not twitter but what does everyone to grow even like financial's anything from jpmorgan. gerri: but do you agree it is about the right stock?
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>> i do. energy stocks are tremendously undervalued. we are in the energy boom looking at the valuation levels of ratios are under levels it. gerri: i don't pick individual stocks i don't play it that way i by the broad market so what do i allocate in my portfolio? should people buy individual stocks if facebook goes public where we may get the flash crash? we have serious questions about the fairness of the market. >> there is nothing fair in the market ever but i am all for picking individual stocks. you have to do due diligence
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for e will make more money and you have more control -- control but where people try to use the one dash pitch outing in the refrigerator than their stock. gerri: that is a good point. >> with the energy market i am very bullish going forward to break it down to different sectors dan kohl is coming back even some good uranium plays next year gerri: your single best idea , a jeff? >> idea or stock? i'd like a clean energy wreaked death finances clean energy and energy efficiency projects with natural gas it went public ttis year
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trading around trawlers it is about $5,916. gerri: michael your single best idea? >> i like the sand and ceramics that goes into the french king flew with. the stock is at about 3025% undervalued. >> goldman sacks wind to $63 going up at 200 the can alter the company's they have brought forward a and their mergers and acquisitions you will see that stock do really well and you get the dividend yield twice as well as a money-market. gerri: i was surprised to uc then needed to have cash on hand that maybe inflation would go up and take a hit
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on the stock market but the ada is you are ready to go to make your plays. is that eight could idea of. put if you see it could target and want to jump but you may need it for something. but. gerri: i need cash in your portfolio. not the emergency fund. >> but the idea is if everything is in the market then something does happen and then it the poop hits the fan what do i do? all of these great opportunities after 2008 those people don't want to take on that desk. gerri: it is a great point then people have nothing to play with. great job.
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interesting comments and information. think you. now time for the stories you're looking at fox business.com. pushing the dow into record territory following the strong employment report now waiting and earnings reports from the retailers for the bond market is closed today for veterans day. joining forces with u.s. postal service to deliver packages on sunday it will only be available to customers in the new york and los angeles area public spee and next year. amazon will pay the post office for the extra labor. with a host of tax incentives to do business the government said it will halt secure thousands of jobs building the next it jetliner. they now don't expire through 2014. prosecutors go after bank of
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america collecting in to 50 more sluggish $54 million last month the jury required bank of america to be liable for the bad home loans the the whole of asia but the bank says the government is inflating the numbers. still too, would you like your coffee? information and the airlines have but what do they do with it? ♪ ♪
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gerri: big airlines collecting data flight attendants will know everything about you when is your birthday had you like your coffee will this make friendly skies or scare them away? the ceo from fare compare welcome back a list of reformation i am shocked and apparently they had this all along. what types of stuff? >> day simple bookkeeping is a treasure trove your name, gender, date of birth birth, multiple passengers and their information. if you pay with credit card using your boss and have a loyalty number that is another treasure trove. when all said and done just days simple bookkeeping did
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you check in nearly? did you pick the cheapest flight door how many nonstop?3 they do everything by your simple booking. gerri: tells the offended some customers because they found details also estimated income and whole value. why is that relevant for me taking a flight from new york to charlotte? >> not today but in the future they can tie into your zip code and wisdom of the crowd information end right now they have not been using this data but saving it because they did have any money to do anything with this technolooy so now they have profits what they
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really want to do is package up a bundle and every person that gets that'' in theory may get a completely different price it will be anarchy to be honest. gerri: i may sit in a row the next person to me could pay 50 percent less? >> they could have bought that to a month earlier but if somebody was getting a'' at the same exact moment they would get a completely different price and potential information. gerri: that seems not fair. >> they are fighting about it right now under antitrust so they try to bundle a variety but on the flip side what happens if a flight attendant gets of message your connecting flight is delayed they can help you
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out? that is where it could really help consumers. gerri: on the other hand, i just want to the played to take off on time. that is all i care about. >> they will have the rough time get tens of thousands of flight attendants to turn into salespeople on flights to be honest. it will not happen. trust me. gerri: good to see you. we will be right back in the answer to the question of the day. are we doing enough to take care of our veterans? my customers can shop around.
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will powewer us all... into the future. ♪ a confident retirement. those dres, there's just no way we're going to let them die. ♪ like they helped millions of others. by listening. planning. working one onne. that's what ameriprise financial does. that's what they can do with you. that's how ameriprise puts more within reach. ♪ gerri: president obama said that the nation has a responsibility to make sure troops returning home are the best cared for and best reported veterans in the world. are we doing enough? >> here is what paul wrote, no man left behind.
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>> and donna said, they deserve more than we could give. >> we also asked a kuo on gerriwillis.com, 13% said yes, 87% said no, i agree with the majority. richard from florida writes, individual mandate cannot be postponed. it is too late, hundreds of thousands of customers are received notices their policy is being canceled. the damage has been done. and charles said it seems difficult to pin the tail on the donkey with the obama administration, failure of obamacare rests with obama and sebelius. harry truman stood by his line, the buck stops here, with the dodge, obama administration the buck stops over there. >> and a report that obamacare web site managed to enroll 50,000 people, that was pretty shocking, just 10% of administration's already lowered
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goal of 500,000 enrollees by december 15, and replacement rate of 1% of 4.9 million people who lost their health care coverage because of obamacare, think about that, think about that nearly 5 million of us lose coverage, 50,000 get it. not right. it is an astonishingly poor track record, epic failure, the administration this afternoon was confirming the numbers, said, we have always anticipated that initial enroll am numbers would below, i have never met people who aim so low, theirs spirations were for the sky when they came into the office, now they are aiming for our ankles, the government should fess up now. >> coming up tomorrow, our users guide for shopping continues with a look at reverge of brick
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and mortar stores, thank you for joining us have a great night. we'll see you back here tomorr tomorrow. lou: on the day that america celebrating our veterans, and honors their sacrifice for our freedoms, the united states marine corps among first on the ground in the philippines searching efficient survivors, bringing aid in hundreds of thousands displaced in aftermath of one of the largest storms the world has seen, i am lou dobbs. lou: good evening, the united states military has dispatched aid and troops to some areas that were hardest hit by typhoon haiyan. a storm check pert call, one of the most powerful in
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