each to walk through a the castle. that is all we have. we hope you had -- made money today. the wallace report is next. gerri: tonight. "the willis report." the victims of cyberthieves one thing could have prevented all of this spee will tell you why retailers still refused to use it. the latest numbers are ian for obamacare and they contain stunning information the latest user's guide for eight new you and steps you can take today to secure your financial future. tonight. "the willis report." gerri: and our very first

breakdown of the abrupt -- broken obamacare system hhs releasing who signed up so far a and it is not the young and healthy. the majority of the new enrollees have the hand in a uncle sam spot get. from american action forum, a dog, -- doug they had a conference call 24 percenter between the ages of 18 and 24. not what they wanted. >> is 18 through 34 they needed to give 40% so they are well behind that target. the focus has been on the young and then suppose you have to buy insurance those who are 18, 22 on their parents' policy so there further behind than the numbers would appear. is beduins -- bad news.

gerri: 79% so far would get a subsidy to pay for the health care coverage and will be an expensive program at the end of the day. i think it will need more than that. >> and numbers come from two sources. the total number of enrollees. 2.2 billion hhs thought they would have 3.2 million they've all got hit the target of 7 million by the end of march but for each person decide that cost will be higher than expected but this is an expensive program either way. gerri: 2.1 million enrolled 31% on the way to the 7 billion. will they make it by march march 31st? >> i don't see any conceivable way.

they have the bad policy people uninterested in and having web site problems those are not improving. may be a better user experience but with the data to the insurance companies they have significant problems so we have no idea who has been successful to pay the premium to get the coverage they expected. gerri: that is part of seoul's system now the back end is working you only know because the insurers are complaining to reporters in the background saying we're not getting accurate data. on friday we had the obamacare orphanage she tried desperately. she tried to sign up today it w. she asked for help she sent a check for coverage and it has not been cashed. listen to her story. >> i just feel a bit

disappointed because i grew up in the era you had trust it your president and did your government. it just seems not to play up that way. another thing of with like to bring up is my doctors have informed me they are not accepting what i signed up for through the affordable care act. it is almost as if i purchased a fake designer handbag it is not a real. gerri: day phony designer handbag? she is on fire and not feel they've won. what will happen? they tried to get coverage and caanot. rule policy was canceled this. >> we will see a variety of problems. some people get a policy then find out it is very limited in their policies are limited. there will be upset about losing their doctor. some people will be unsuccessful and say i

cannot see you because i have no idea if that is insurance. then insurance companies are getting bills from people but they have no idea. do administration says pate said you don't know that such as pay the bill. there we will be disappointment all around. gerri: i have never heard a president say a ignore the law but we need you to do something else. to me that it is shocking. how do you react? >> it is amazing. i have seen all along with obamacare there has been nothing they were not willing to pay for deferred to keep it going but when they said we will get rid of the individual mandate because the policy was canceled for everyone else they have the mandate the people on the left and on the right are baffled. it stretches the bounce to

think that the president should do this. gerri: i agree. respond that robert put out on his block. we talk about insurers for on the one hand there is a smack down with the government making the insurers do everything they want but on the other side he points out a big part of the coverage insurers are not on the hook for the federal government will and the american taxpayer. up to $45,000 or up at 200,000 the american taxpayer will pay four fifths of what ever that bill is. of you wanted coverage and could not get it may be with a pre-existing condition, this is how they got them to sign up. >> there is a lot of confusion with these provisions. there is one called

reinsurance about individuals for cost above the 65,000 come to the insurer picks up to%, the government picks up 80% but that program is financed by a fee paid by everyone for dissipating. melissa:. gerri: it is a tax. >> yes. a second provision called risk corridors to the plan as a whole if it is more expensive than expected in the insurer is on the hook for 25% the government is on the hook for the remaining 75%. people leo but -- label that as a bailout but this is a situation the policy is bad and execution is worst the government has crept up so the insurance company has to pick up 25 percent of that cost. whatever label it is a big and expensive program. gerri: those insurance

companies, of the corridor corridor, but if you were in a private industry you are not. newly himself much room if you lose money you will be made good. we used to have a private health care insurance market i don't think we do any more >> this is certainly a big step away from a private market. these are ty provisions for allowances for successful overhead and profits it is a regulated industry. if you got rid of the risk corridor's the insurance companies would leave the exchange's which is a step to single payer. we are in a very bad place from the point of view of policy with the obamacare set up. gerri: we have talked a lot and that is usually the conclusion we come to. happy 2014. we have more to come including a warning about

another big flu season and what you need to do to stay healthy for:it turns out target is just one of many stores where credit cards has been packed in what the retail industry has to do now to keep you safe. stay with us. [ male announcer ] e new new york is open. openo innovation. open to ambition. open to boldids. that's why n york has a new plan -- dozensns of tax free zones all across the state. move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs, and ows more businesses... we're open to it. start a tax-free business at startup-ny.com.

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gerri: more news continues to unfold with a massive data breach with target, neiman-marcus and three other well-known retailers who presumably will announce that they were breached as well. the national retail federation calling for high end credit-card security. our next guest is by phone and the editor in chief of american banker. more attacks. are you surprised? >> not really. they have been going on for years but what is surprising people right now is the size. with target may be as many as 110 million people of course, when people fear their other retailers but we don't know who yet they start to get very nervous. i heard the house democrats are asking for an

investigation or some sort of hearing. melissa: i am sure they will do a fine job. gerri: the people money to get on the case are the retailers and the banks. food needs to fix this problem? >> it is so easy to clone the cards with the signature and magnetic stripe if there is a decent interim solution was chipping and in technology going from their retailers through their credit card processor -- processing companies through mastercard or american express. it is not easy but if they make these changes we would get rid of these problems. gerri: there is the big debate first of all, but if the europeans can do smart cards why can't we? how much would it cost? >> nobody knows the cost but the problem we have is the people to pick up the cost are not necessarily the ones to pick up the cost from

fraud. the banks have to pay for some of the fraud losses but mastercard and visa have a lot of influence on the networking and security in the bank's. the retailers say you need to make the cards ironclad and the banks say if we don't pick up the cost then we don't have skidded the games. gerri: the banks are sitting back maybe we will play or maybe not. the national retail federation today was insistent on an improvement because they know the credibility of their industry is at stake. people were staying home from target to sale of my shop there. >> estating i will not shot there. >> with the chip and can i know it is not perfect france has had it since 1982 the u.k. started 2004

bringing down fraud by half. that is massive numbers. gerri: we can do that. >> but do we want to? there is 4.$5 trillion spent on cars and only 0.'06% is fraudulent. gerri:. >> that is how they look at it. gerri: the cost of business is i could have my identity stolen. people said if you have $100 in your wallet is gone forever if you have $100 stolen from your credit card you can get it back but if my number is:i could also have my identity stolen. the stakes are so much higher. >> but the chip and pin is not a magic solution because when you shop are mine doesn't help either was target may be someone broke into the network.

once they stole that data they cannot use it is easily >> seat belts are not perfect that doesn't mean we don't put them on cars to help the problem. we can start here and i don't expect any solution to be a silver bullet but that doesn't mean that something that is proven to help. it would help of because the data that is stolen they will not create new cards but they couldn't if they had a chip it. but now you can buy them on ebay. gerri: i think you and me in our basement could create one. but what about now every parsing software? that is what was used. what does that mean? >> it is called the rail scraper so they just do the same thing which is for a little piece of the journey the text is not interested.

they have not spend the extra of money to incorrect that little part so they scrape that often they know where it exists i suspected targets hand in neiman-marcus and elsewhere. gerri: who has not paid? >> gold chain from the retailer to their credit card processing to mastercard. we don't know. but at some place between the retailer and credit card processor $2,124,000,000,000 of credit-card transactions that is a lot of opportunity to screw things up for fraud. we see it every day. if you have an issue, if you were one of these people involved in the target problem, a neiman-marcus, you are worried or concerned, a call us or send us any mail. follow me on twitter we want

to hear from you. thank you for coming on. what do you think? have you ditched your credit cards for cash? log on and vote on the right-hand side of the screen for rabil shares results of the end of the show. later the first users guide of 2014 with advice:of a new you and another record floozies and could be on the way. and how to protect yourself. stay with us. so ally bank really has no hidden fees on savings accounts? that's right, no hidd fees. it's just that i'm worried about, you know, "hidden things." ok, why's that? well uhhh... surprise!!! um... well, it's true.

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>> what you need to know about protecting yourself. next.

gerri: the chills then fever then coughing and sneezing. nothing worse than getting the flu. it is ramping up with a growing concern if you cannot protect yourself. joining me now advising position it is so it's great to have p.o. >> you are becoming a flu expert. gerri: i get the shot sinecure already covered this story. gerri: this seems like another comrade falls it somebody else is out four or five days. it seems the h1n1 strain is tough. >> those of have flew like symppoms may never have the virus but we are seeing increased activity over 35

states with increased activity. we are also seeing more cases but we have not seen the epidemic numbers yet. in 2006 we had hospitalizations from complications and it could last until all day -- and tell may. gerri: is this pernicious? when i think people have this stare down for several days. >> this is targeting young people in particular with the h1n1 strain those that are resisted in those with the complication if they're over 65 but 61 percent of hospital admissions have been people between that age of 18 and 64. said is an issue for younger

people. get vaccinated. it is not too late. gerri: it is still a january. you can get a flu shot? >> it could be another three or four months and peak numbers are rising it does take two weeks to get coverage but we know we have a good match this year and the predominant strain of teeeighteen is in the vaccine so you know you have something to smile about. gerri: that is critical. if the flu shot that we had actually will prevent getting a the h1n1 you said it is a perfect match. that is great news. >> it is. the flu vaccine typically covers the three viruses or for viruses so you will get the protection to the predominant strain. gerri: the other day in the elevator she said i was crazy that you can get your

resistance down if you are tired, staying up late that you are more likely to get sec civic you're not making that up if you're over verge , tired, underpaid, but the good news is if you go to how wide that is one state with the flu virus is very low. get on a plane and go to hawaii. i will come with you. gerri: always good to see you. coming up next a user's guide to a new year. looking at the best ways to spend less and save more but how your smart phone can help. stay with us. ♪ ♪ what super poligrip does for me is it keeps the food out.

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>> is a new year and a new you. we are launching our very special users guide. we are hoping you stick your resolutions to getting organized to improving our home. even losing weight. we are all over it. and we begin with the bottom line tonight. >> i like mint app. it gives you a better picture of how much you are sending and savoring. and they categorizes your spending to make better

budgeting decisions. and watch your travel reforms rewards. and then this is where you can set reminders of auto pay and even pay for your bank or credit card. gerri: you have applications that make you money. how does that work? >> it is very interesting and they partnered with various brands and by watching a youtube video or even participating in a survey you could make money.

and you could redeem those for gift cards and there are rebates that you can get from those areas as well. coupon sports are so easy. you can present the coupon to a cashier at the checkout and then

you can skin it were entered in the barcode number to give you instant savings. gerri: i love instant savings. and so it is just a twist on shopping and i love this because with so many different accounts and have these days i have multiple credit cards and store cards and a couple different retirement accounts and this gives me an overview of all my finances and it's very secure and they offer like this.

gerri: we are not done yet, people. what about managing your investments? all of your investments. and i guess i have so many questions for you about this application because i am familiar with that and i really like it and at the end of the

day one of the most important things is allowing people to bring together a bunch of different investments from different places and still you show all of this this in one place. gerri: so you're going to know if you are overloaded on apple stock or you bought too much of the nasdaq index. it will be super clear to you. you have another solution i think it's also very interesting i've heard you complain a little bit about wall street and how expensive investment advice is and how you have to have a lot of dough to get advice. so what are you doing? >> yes, that is right.

gerri: and you could say it is almost part of this in any category. so let me ask you a couple more questions here. like i said, i was so excited to have you on because this is important that people need to know about. you say that a lot of this was a bunch of conventional brokers. and you have enjoyed an iphone and ipad and it's everywhere. so why are brokers so slow to

the geek? and what is on the other side is not always as good and if i have one concern this is true of a lot of financial concerns out there. we have this huge story developing over several weeks about target customers. just having all kinds of information stolen from now.

so how safe is that? >> we have a product we don't actually have to share that but we have a whole security team that is beyond the technology and earlier technologies that are absolutely available. gerri: it's almost impossible to do everything without trusting somebody out there. the fact you can see this application without allocation of a variety of different accounts.

gerri: thank you for coming on. i appreciate your time we are looking out for you and your money coming up next. [ male announcer ] e new new york is open.

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than the research this man has at his disposal is how he puts it to work for his clients. morning. morning. thanks for meeting so early. co on in. [ male annncer ] it's how edward jones makes sense of investing. >> from our fox business studios, here again is gerri willis. gerri: continuing the start to the year, has the market run been more secure? peta of any is with us and larry

shepherd and that is a mouthful. okay. you're not supposed to fight the trend on wall street. david and larry, thank you for being with us. >> we are still early in the year, let's keep it in perspective here. and so there really hasn't been a catalyst talking about. gerri: pullback or correction. down 179 on the dow jones today. >> i think it is a correction. you have amazingly high buybacks from corporations and that

helped boost the stock market higher. i don't know. if you continue to do those two things i suppose you could end up with a pretty strong your and let's keep in mind that nothing has occurred since christmas. this is after 4.5% rally in december, been up 12.5% and we know 30% for the year. it's healthy digestion and that's what we need right now and it's very healthy. gerri: this digestive problem is really getting to me. and i think a lot of people start getting a little nervous

and let's talk about the economic engine behind us. our earnings are holding up. you think consumers are going to get back in the saddle and spend? to i do think that the earnings are holding out. even though they have been somewhat anemic. but you asked the question are consumers going to spend. and i think that we will see some continued improvement there as well. and that should help the economic factor. gerri: david, do you agree? >> i think earnings are in a dangerous spot. when we look at price-earnings and multiples of 15, over 17 and if you're doing database accounting which puts back in those one-time items, you have a

price earnings of over 23 if you are a value investor and that will be sorted out the outer edge and i think we will go along with his support this overvalued at these levels. gerri: okay, larry, do you agree? >> i do kind of sort of agree. and the earnings season is coming out and it's not going to be great to stay in the market but i do believe. gerri: financials and big banks. we have been talking about and

what about that jobs report on friday. 74,000 jobs. are you kidding me? is this a point that six months from now we will be laughing at. gerri: david, okay, if i hear one more person say that but we never expected that to happen.

bring us to 6.7%, the labor force continues to shrink and that is not what you want to drive that particular number. and then when you look at january's numbers, you have 55,000 jobs at retail and 45,000 came from this and so i think that you can do as part of this and i am looking at the average hours of earnings. and people are underemployed. and it is not enough to change

economic momentum. the four-month average is still below 150,000 at your. gerri: rob and larry and david, thank you so much. we have more to come. my "two cents more" and back on top. more americans are turning to this switch coming up next.

gerri: butter or margarine? the war has been raging for decades. details are coming up next.

gerri: butter is experiencing a golden age as americans are choosing a creamy dairy product causing butter consumption has hit a four-year high. with manus the american butter institute. thank you for coming on the show. i think a lot of people find this surprising because they think that margarine is so popular. what happened? >> well, i think that you are seeing a shift of moving away from processed foods to more simple foods, which butter is. margarine is complicated. gerri: it certainly is. there's information about how it may not be good for you. what do people say about that? >> what we are doing is in moderation, butter can be part of a healthy diet and we are

also -- consumers are more knowledgeable with a group of consumers that are part of the network. but again in moderation what we are telling consumers as well. gerri: i'm hoping that this is true but i bet it's not. i'm hoping there's a health benefit eating butter. because i don't eat margarine. so are there benefits? >> well, you have the trans fat and saturated fat and consumers know that butter can be part of a very healthy diet. and i think that we think it was moving away from foods that are better for men and the administration is also looking to update this going forward.

gerri: i think that all of the popularity of this on cooking shows probably has something to do that. what do you think? >> oh, absolutely. and you have a growing food network. gerri: or question of the day is coming up next. have you ditch your credit cards or cash

[ me announcer ] this is the story of the dusty basement at 06 35th street the old dining table at 25th and hoffman. ...and the little room above the strip mall f roble avenue. ♪ this magic momt it is the story of where every great idea begins. and of those o believed they had the power to do more. dell is honored to bpart of some of the world'great stories. that began much the same w ours did. in a little dorm room -- 2713. ♪ this magic moment ♪ ♪ this magic moment my dad has aor afib.brillation, he has the most common kind... ...it's not caused by a heart valve problem. dad, it says your afib puts you at 5 times greater risk of a stroke. that's why i take my warfarin every day. but it looks like maybe we should ask your doctor about pradaxa.

in a clinical trial, pradaxa® (dabigatran etexilate mesylate)... ...was prove superior to warfarin at reducing the risk of stroke. and unlike warfarin, with no regular blood tests or dietary restrtions. hey thanks for calling my doctor. sure. pradaxa is not for people with artificial heart valves. don't stop taking pradaxa without talking to your doctor. stopping increases your risk of stroke. ask your doctor if you need to stop pradaxa before surgery or a medical or dental procedure. pradaxa can cause serious, sometimes fatal, bleeding. don't take pradaxa if you have abnormal bleeding or have had a heart valve replaced. seek immediate medical care for unexpected signs of eeding, like unusual bruising. pradaxa may increase your bleeding risk if you're 75 or older, have a bleeding condition or stomach ulcer, take aspirin, nsaids, or blood thinners... ...or if you have kidney problems, especially if you take certain medicines. tell your doctors about all medicines you ke. pradaxa side effects include indigestion, stomach pain,upset, or. if you or someone you love has afib not caused by a heart valve problem... ...ask your doctor about reducing the risk of stroke with pradaxa.

gerri: luxury retailer neiman marcus says credit card and debit card information after the

holiday season after the massive attack at target stores. as a result have you ditch credit cards for cash? here is what some of your posting on a facebook page. if you carry a lot of cash, it will sometimes attract thieves. you could get your personal identity stolen. we asked the question on gerriwillis.com. 45% said yesf i% said no. it's interesting. log love on gerriwillis.com for online question every weekday. we have taken them for years and we rarely get sick is what one viewer writes.

>> well, vitamins are important to all of us. at ooe other viewer says that if it were for vitamins and we all took them we would probably have no need for obamacare. send me an e-mail at gerriwillis.com. i always feel like the new year is a time for a fresh start and a new opportunity to do things right. to lose that 10 pounds. to make sure that you don't miss anyone's birthday in that kind of thing. face it, the government is not helping you in corporate america is too busy trying to protect itself from cybercrime to care. we will find some of the best

ways to restart your year and secure your future. that is my "two cents more". coming up tomorrow, our users guide continues with a look at gizmos to your home. that is up it for tonight's "willis report." have a great night. ♪ >> breaking news on benghazi. documents reveal what the president knew and when he knew it. transcripts that paint a grim picture of the preparedness of our military in the region and no good news for "the new york times" in those documents. on wall stocks sold off and we take up white leaders of the gop and big business have declared war on the tea party. and in support of the recess appointments to the national labor relations board, the critical and skeptical justices. i am