that's tomorrow at 5:00 p.m. "the willis report" is coming up next. see you tomorrow. ♪ ♪ in the mungo. ♪ ♪ ♪ hmm. ♪ mm-hmm. [ engine revs ]

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tideod pop in. stand out. gerri: hello, everyone, tonight on "the willis report." big sales events define the holiday season. also the winter blast with thanksgiving travel. we have the best way to deal with it all. and the only way to buy tickets for sporting events. taking a cue from the market. we are watching out for you tonight on "the willis report." ♪ ♪ ♪ gerri: the holiday season is ramping up and consumers are

giving businesses an ultimatum, no deal, no dollar. joining me now is finish rich.com author and an economist from the university of maryland. david, starting with you, what are the consumers might set for the holidays. >> yet another holiday season is shorter,. gerri: some of the numbers are

good and bad, what you see? >> well, i don't see a big season. >> they are pushing a lot bigger co-pays on them and most importantly, gas prices are rising at exactly the wrong time. anything that puts a dollar on people is rising gas prices because it comes right out of their paycheck every week. >> people say the retailer going to be lower. >> what you see here?

>> it is going to be maybe one or 2% adjusted for inflation. gerri: let's move on. so i have to tell you that i really think that, and i know people are going to argue with me on this, that consumers are smarter. they're saying that i'm not going to come to your store unless you're going to give me a discount. >> or smartphone stellas everything today. >> it is forcing retailers to be on their team.

>> are they responding to our demands or limping along and trying to figure out how much we are going to spend? you know, you look at the consumer confidence from november and it's a two-year low. are people forcing retailers to change, or are the retailers in what is going on in changing what they are doing. >> critical question is do people go into the store,.

>> take a look at some of the promotions at amazon is doing. 90% off some video games. 50% off spongebob, popular books, best-selling tools. >> i'm expecting the biggest cybermonday in history. gerri: the biggest? >> guesstimate brick-and-mortar bit small. that's not news.

it's what we see we confront in a week from monday. >> what should consumers be thinking about right now? >> don't go crazy, but don't drink and shop. because drinking and shopping takes all the fun out of life. >> it is probably good advice. >> peter, do you have anything to add? >> i think that david's advice is good.

enjoy the holiday season. gerri: thank you both for coming on, great conversation and good job. we might take care. joining me now is the founder and cochair of identity theft 911. this segment, i have to tell you this has been a tough year. we have had lots of tragedies out here and so many people are losing i believe, and they want their dollars to be spent wisely. >> in many states you can go to the office of the attorney general and they have information there.

and what percentage of the actual dollar that you give goes to help the people you are trying to help as opposed to carrying the administrative costs of this organization. you can have a perfectly legitimate charity, and we really don't want to be given to the administration will use that something but i don't committee said terry soni bank routing information to accept your donation what are the things you need to watch out for.

>> in general unless you are control of it, they don't need your license information, it is as important as you look at these things online, and you don't respond to e-mail us that tug at your heartstrings and don't respond to tests. as long as you are in control, you see this, which shows that it is secure in dc a lock on the site and these are things that are indications of how legitimate they would be if they have a security certificate that is not active.

gerri: i think that is a good point. and you need to know where that money is going, you can't tell by looking at a website. if you look at a website coming used to be able to talk to the scam artists and there is information that was clearly wrong and it was easy to spot and that's just not true anymore. >> a lot more sophistication of spammers has gone through the ceiling. these are very professional people and this is their day job. you know, for consumers. we have day jobs and then we do all the things that we do and when we give, it is because we feel strongly about something and it's in between everything else we do. we are their day job, this is all they do. and celebrity hacking, remember when it comes to an identity thief, each and every one of us is a celebrity. the one that is well put. your recommendation to use charity watch and charity navigator.

so our question is do you trust charities to spend your money wisely? i will share the results at the end of the show. and from charity to the super bowl two very different things. attending the super bowl is something you may dream of, and a hefty price to be determined especially if your favorite team doesn't make it in. this company his company out there allowing you to purchase an option to buy a ticket. here are the details. here's the ceo of forward market media and welcome to the shell and tell us how this works. >> thank you, it really works like a reservation system. which is actually quite simple. we get to pick the team that we are going to follow and that will trigger them coming to the big apple.

>> what you do is put money down for the opportunity to buy a ticket and all you care about is is might team going to make it to the super bowl. on the other hand, you lose the money from the option. >> that's right, and many people say that there is an anecdote to the secondary market. gerri: you could've walked in, a ticket to the super bowl. what would you have been able to buy a? one of the teams that it is going to play? >> here are the prices that people might be mentioning. new york city cost 2600.

>> if you're coming for the super bowl event coming in might want to take in a broadway play, and you might want to see the heat and trim plate annexed the night before in all of those are for more markets as we refer to where the individual fan can build their own personalized package. >> i don't want to be cavalier, but i'm tickled that is not the case. we are transformative and we are a game changer.

gerri: you use a third-party intermediary. >> we are a technology company and we don't take a principled position to anything. >> and they accrue to these different parties. >> so our mission is not this, it's to deliver real value as well as to engage the real brands that surround ativan. gerri: wise i'm not going to happen this time? >> because all of the goods are owned and controlled by the original individual. there is no third party involved. in other words, they control

those underlying assets. and there is no shortsighted. and there is only so many of these deliverable assets. driving a completely transparent situation. beyond that is fascinating. >> if you thought your plan was safe, well, think again.

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gerri: millions of families are about to give more for health care. we will have details in 60 seconds.

gerri: what we are learning, people with employer provided health insurance are supposed to be under the signature law. tom miller is a scholar at the american enterprise institute. it is just another gift from obamacare. premiums, deductibles, ongoing updates to the obamacare and why

did this happen? >> of course, the employees have their own problems these days in a slow growth economy. so the ripple effect is a short-term because of the early workings of the individual mandate. and more people will be enrolling for their employer plans than they have in the past. the margins and profits are going to look at ways to hire fewer people, reduced their health care costs and these are things we already have to see. one of the things is to provide dinner benefits. gerri: hold onto that thought for just a second. i want to dig down into the costs for american families.

the fact of the matter is there is a cork in the law that makes it more likely to premiums for families rather than single individuals will go. at the end of the day, we already paying for obamacare through our taxes. >> that wouldn't be on budget. you try to hide this under the bug is a pretty big pile under the rug.

>> it may not be perfect december 1. to tell me what you make of that. how many excuses can we have? isn't it time that we started over? >> that would be a straightforward way to acknowledge this. this month we can do about half of what we have promised last month. and he has no other alternative but to own up to part of the truth. gerri: another story to talk about today is the irs. would he make of that.

if the irs ready for this? this is really complicated stuff. i mean, double jeopardy for them. >> we know that the irs is always kind to us and in this case, some of their usual tools were taken away from them. so they really can't end we are going to take away tax refund and they still have to rely upon hhs to determine the affordability, so that is probably another crash jumping into this and it is a tax season or two away.

gerri: they are not using adi, so they have to invent a new definition for what they are looking for in your information, not just from this, but also from other government agencies. it is a nightmare just waiting to happen. if you think health care.gov was a mess, wait until you see what comes out. thank you for coming on, it's always good to see you. >> you are very welcome. gerri: coming up, advised on the portfolio moves the you should be making. and that's one obamacare. i had with the influential industry groups and the latest specs and what it means for that menu. ♪ ♪ [ 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 an architect. what if i told you someone could pay you and what if that person were you?

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gerri: 5.5 million americans are receiving insurance cancellation

notices all over the country and the insurance industry is seeing next reaction on president obama sticks that you can extend your coverage. ben nelson of nebraska is here to weigh in. heeis the ceo of the national association of insurance commissioners. great to have you, senator. you guys are the ones to make sure that you can be there on time. >> some one extensions rather than cancellations and others have opted to have cancellations

and that is adverse selection. this creates a second risk pool and it's a major concern to the commissioners all over the country. but some have already started the process of taking care of it and they have done a good job doing what they are doing and they don't want to go along with the president's recommendation for what he suggests. gerri: there are 14 or 15 commissioners that don't want go along with it. a lot of people are responsible for making sure that this works right and making sure that everybody abides by the law.

>> some have decided to go along with the president's suggestions and are looking to do it. of course it's a question of what will arise from this particular state. >> now this recommendation should just easily be and so sorting it out is what the commissioner is doing. trying to protect the people back home and the best way possible. this includes you're going to have a lot of concern with what they are experiencing. gerri: what you see on the horizon here, will it make it more difficult for the obama

insurance policy to a ensure a broad range of people. >> well, let's hope not. but i don't think anyone knows who'll end up in the pool if we create a second pool of people whose policy is now extended. >> this includes when we visited about it last week. premium costs, actuarial science is based on the law of large numbers. new start separating them into different risk pools and you lose some of the advantages of large numbers because now you have two groups of smaller numbers. gerri: thank you for coming on

tonight. >> when we come back, some of the country's biggest airports could see major delays. you will definitely see that between now and thanksgiving. and will the winter storms stop your travel plans? we are looking out for you and your money with important advice for your portfolio. what should you be doing? hi honey, did you get e toaster cozy?

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gerri: the end of the year is fast approaching and we are here to help you tie the loose ends. here we have the cio of solutions group. so i want to start with you.

consumers are throwing money into stock equity funds like it's going out of style. are they doing the right thing? >> to an extent. this one -- there's really nowhere else but money right now, so i think that's probably not going to end for some time to come and that's for sure. so especially since valuations only 17 times and there is room to grow. gerri: room to grow. what has been your advice? >> keep in mind that we have fallen down a seven-year flight of steps. the market is rallying so much. but it doesn't mean that we are going to stop or correct and it is constructive and economic momentum is in our favor. we are seeing the market right now as we have talked about and it's fairly valued right now and our economy does have room to grow.

it's not going to be as easy as it was in 2013, but we will still have room on the upside. gerri: tim, do you agree or disagree? >> as a technician, i am not so focused on valuations, but when i do this work, i see that we have a little bit more of the upside possible, but not a major correction and then further upside from there. so it's still not too bad as we get into the stocks right now. gerri: when will that happen? >> well, i'm thinking that we get to about 1836, 1841 on the s&p cash index. then i'm calling for a four to 5% pullback from there. gerri: things the gloves have to come down sometime. a lot are saying that the valuations are 16 times earnings and all the other hand you are

exposed to any bad news that might occur and we have some big things on the agenda for individual investors, taxes are going to be critical concerns in the coming months and what do you make of that? do you think that individuals are going to respond to other issues and other demands for their money instead of throwing every nickeled and dimed into the stock? >> by the end of this year, against some of the losers, that being said, the big issue is when is the fed when you start to taper off. and that anticipation, we should also looo in the portfolio to make sure they don't have interest rates stocks or bonds with longer durations and we should take a look at that and maybe raise that to the other persons point. so when it comes, we have the ability to take advantage of this. because those will come sometime next year, probably when the fed

starts to taper when congress starts in january to debate this again. gerri: you said something really interesting about it. it's like falling down down a flight of steps in that and that is such a great metaphor and i know a lot of people have felt the pain of that for some time. do you agree with that? are you cashing in this and were you telling people at the end of the year? what is in your crystal ball here? >> well, people are starting to get their heads around the fact that the fed, this whole strategy is not a philosophy but a strategy. and the fact that they're going to keep interest rates low for a long period of time, it gives us the momentum that we need for the financials to do well, especially the large banks and

materials. it's not going to happen overnight. so if you are not allocating that properly, that might be the way to go in 2014. gerri: i want to ask you about bubbles. i don't know how bubbles appear on your desktop. are you concerned that some prices might have gone too far and too fast? >> no, you have to put things in context. and i saw that in 1942, the dow jones is at 92 to 46. in 1956 it was up over 466% and there were only two corrections during that timeframe and one was 20% in the late 40s and the other was about 10% in the early 50s and again, if you are going to get this, you can tolerate some corrections.

gerri: larry over to you. you look at the actions and i wonder if our viewers believe that this is a result of what the feds have been doing. all about the federal reserve pumping money into the economy and if they want there, goodness knows where the markets would be and how important is it if the fed puts its foot on the brake pedal is that we stop seeing all the support coming out of washington? >> i think it will be a good thing. if you look at the other asset classes, like the interest-rate volatility, they have priced this in and said the end of the day, it's probably a good thing. because it's not a philosophy but a strategy that has worked and what the most important takeaways that the funds stay low for an extremely long period of time and will help the corporate environment and thus the stock market. >> you agree? >> generally, yes. but to that point, nobody is really sure how the markets are going to react.

so if you want to head a little bit, but this in your portfolio. >> there is no volatility in this market and it made him nervous. they were concerned about that. so what do you say? would you like to welcome volatility? or should we just get over it? >> things can remain in this environment for quite some time. we saw that until 2007 and i think that the thing to focus on is looking at prices where they are relative to support and there's good people putting on opinions on where the resistance may be. if we are still at these low utility levels, buying

volatility is a very good hedging strategy. gerri: larry, allen and tim, thank you all for coming on. it's time now for the story to your clicking on on fox business.com. the nasdaq pushing above the 4000 mark, a level it hasn't seen since the.com bubble and we are back at it again. and pushing oil prices lower, there will be no ipo for chrysler this year. it is working to launch the ipo in the first quarter of next year and when it does debut, it will be on the new york stock exchange and wal-mart stores ceo and president mike duke is stepping down. he will stay on as chairman while the former ceo takes over. changes are effective as of february 1. and katie couric is online. anchoring a news program as a

global anchor. she will continue to host her daytime talk show after her yahoo job starts next year. and here are some of the hottest stories. my "two cents more" and heading south and east over the next couple of days.

gerri: one of the busiest travel season of the year. putting your thanksgiving plans in jeopardy. i will explain coming up next

gerri: thanksgiving travel is under threat this year. according to forecasters, a major winter storm sent to the northeast tomorrow and wednesday and threatened travel plans for millions of people. courtney scott is a senior editor for travel office travelocity. >> it could be a nightmare, we have seen cancellations and tomorrow from florida all the way to the coast of maine, we are seeing a stone and transform that will impact us with rain and snow and sleet. gerri: let's say your flight gets canceled. okay, you're at the airport, your flight gets canceled and you should be at the ticket counter about the alternatives. most flights will offer a voucher that allows you to

cancel without paying a fee and that's what you're looking for. gerri: to cancel and get my money back? >> you can get a refund or the next available flight. but that next available flight may not be the flight that is actually scheduled were the one after that. so it's important to also go online and see if you can take matters into your own hands and we both this on the website. >> you're going to be seeing a long wait. >> we are at the airport and what i want to know is what are the steps i take to make sure that i am not canceled. >> we are checking 24 hours in

advance. so if you check online in advance, less likely of being bumped from a flight. flight can certainly get crazy. also, check out being prepared for tsa security. shoes are off to muster under 12 years old or 75 years old. and it's also importanttto pack a carry-on. if your flight gets rerouted, it's good to have an extra set of clothes. at. gerri: i am always worried that my flight will get delayed. i have a great schedule, but anything can happen as we know. so when i start checking out and when they have to tell me that my flight has been canceled? frankly, i think that they lie.

>> as we all know, things are changing minute by minute. twitter and your smart phone -- they will correspond. at travelocity we have correspondents at 10 of the busiest airports and you can find out real-time updates on weather and cancellations online and everything is well. gerri: we appreciate your time. that was a lot of information. at the top of the show we talked aaout how the economy is impacting the way you plan on spending the holiday season. everything from unemployment to uncertainty impacts the way that we spend all year long. a look at our financial priorities. number five is helping out family members or friends. only 12% of americans feel that it should be a priority to loan money. and number four, i don't know,

14% gave this answer and savings. this was the most popular answer when broken down by age, more than a quarter of young people 18 years old to 29 years old concentrated on saving and 15% over 30 said the same thing. one in five americans, but it was a bigger priority making noise $75,000 per year. in the number one priority is staying on top of your bills. a third of us just want to stay current on what we owe and that is true for those making less than 30 grams per year. we will be right back with my "two cents more" and the answer to our question of the day. stay with us. ♪

hmm. ♪

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gerri: earlier this hour we want you but charity scams. we ask the question on gerriwillis.com previous 17 percent said yes. out. 80 percent said no. wow. finally, i will no doubt take some heat for saying this from the green eyeshade sat, but consumers are smarter than you think. we have gotten into how retailers operate and now we are operating them. americans are not opening their wallets unless they get a deal. that is why you're seeing black friday deals that began over the weekend. price slashing, price matching. sure, there continues to be a pain in this economy. french security index that we talked about earlier in the show says that mocha -- most of us are focused no further than this month bills. i believe more of us are more mature about our money and using it wisely. hurray for consumers. that is my "2 cents more."

and that is it for tonight on "the willis report." thank you for joining us. have a great night. we will see you right back here tomorrow. ♪ lou: good evening, everybody. i'm ashley webster sitting in tonight for lou dobbs. secretary of state racing a deal over the weekend on the iranian nuclear program. it is a deal that has angered members of both parties and some of our closest allies in the middle east. the six month agreement calls for lighter sanctions on tape to allowing them to recoup nearly $7 billion in frozen assets while only pausing their uranium enrichment program without dismantling a single centrifuge. israel's prime minister been to manage and yahoo predictably calling that deal