cme group: w the world advances. gerri: hello, everybody i'm gerri willis. right now on "the willis report", netflix and your cable company about to start a huge fight and guess who will get stuck with the bill? >> the butcher begins. gerri: also, better not miss a payment on your credit card. print of one bank's contract that is causing quite a stir. >> what's in your wallet? gerri: washington can't control its own spending but wants us to save more. you won't believe how they propose to do that. we're watching out for you on "the willis report."

gerri: we've got a big show for you tonight, starting with the war going on in your living room. netflix is fighting the cable companies over streaming video speeds. consumers already suffering with slower downloads and you're about to get hit again in the form of higher cable bills. joining me now, glen duren from "consumer reports." thanks for coming on the show. we just heard in the last hour on our network some people in washington are saying this isn't a big deal with consumers. they're not getting throttled on spee downloading like "house of cards" from netflix. what are you hearing? >> we heard probably what you heard, there obviously have been a lost complaints. a lot of them surfaced especially this past weekend when "house of cards" launched and netflix takes up an enormous amount of internet traffic. so netflix has been saying that basically there's a lot of congestion and that there is potentially even throttling going on by the isps, the internet service providers.

hard to know what is actually happening though. gerri: of course it will be federal policy here that they're going to try to stop that kind of thing from going on but to your point about the traffic jam, netflix is responsible, according to some sources for 31.6% of internet traffic at night. that is a whole lot of bandwidth. what we're seeing, you talk about the peer pressure out there, you know the throttling speeds, speeds for some of this broadband, slowing down, slowing down, take a look at this full screen. what we're seeing time warner cable, verizon, at&t, comcast, speed of all this stuff is going down, down, down. let me ask you, what is the future here? because it doesn't sound like verizon or anybody else wants to make it easier for people to get that content? >> well, what is interesting the future is, one, already there have been lawsuits basically. they're trying to challenge any regulation of this but the future is that the bandwidth constraints are only going to

get worse because we haven't even started to see the rollout of 4-k video which is much higher definition and a lot more data than existing 1080-p video. gerri: wow. >> this will not solve itself anytime and it is going to get worse. gerri: would you wow, that is not good news. here is what verizon is saying. they're blaming netflix. when one party is getting all the benefit and one party carries all the cost, issues will arise. they say verizon should pay more. what do you say? >> we basically, we appreciate net neutrality. we in fact, and consumers when we looked into it, definitely don't want to be charged extra for these services. they believe they already pay too much for internet service and cable already. and frankly there's a major conflict of interest here. you know the carriers, the cable and telco providers who provide tv service, they want to sell you tv service and their internet services be able to provide this at much lower

costs. obviously consumers want that. gerri: talk about cable prices for a second. everybody is asking me if this upcoming marriage between time warner and comcast is going to raise cable prices. we've already seen them nearly triple over the last decade. triple play about 128 bucks a month. is the sky the limit on this? can they charge whatever they want to? at what point does somebody step in and say, craziness hassto stop? >> well it is interesting because everybody likes to point fingers in this, right? so when you ask the cable companies why the price of cable is so high, they point tt the cable channels and say channels like espn are subscribing rates of $5 a subscriber. i guess what it really comes down to, everybody is kind of to blame here in terms of the, in terms of the companies that are providing this stuff, when you ask consumers, often times what they say, i don't watch all these channels. i have no idea why i must ay for 450 channels. all i care about is this, this. there is no a la carte pricing.

basically you get railroaded into either a package that offers you bare bones minimum or you have to pay an extraordinary amount of money for a lost channels that you don't actually watch -- a lot of channels. gerri: the comcast and other companies say, hey, we're offering you more and more and more each year. consumers don't want more and more. i want what i want. a definite conflict there. glen, thanks for coming on the show. great stuff. >> thank you. gerri: the federal government settled on a convenient new excuse for the weak economy, the weather. from the president on down everybody in the government is blaming the blanket of snow for the wet bbanket on the economy bus does it honestly explain the weakness we've been seeing recently from manufacturing, construction, retail sales, housing, hiring? or is it just one big government snow job? peter barnes has been digging into the story for us. peter? >> with a snow shovel, gerri. had to get my snow pun in there.

listen, gerri, even some of the most bearish private sector economists agree that the extreme weather hurting economic growth. many economists have been downgrading estimates for growth in the current first quarter because of the polar vortex, the snowstorms here in the east and don't forget about the drought out in california. it's really hurt california's economy which would be the 8th largest in the world if it were a separate country, remember that. now because of new signs of more weakness in the housing market, due to bad weather that came out today, barclays for one, cut its q1 growth forecast from 2.2% to 1.9% today. and in the last week, as you mentioned we've seen softer retail sales and industrial production numbers for january, blamed on this really cold weather. but, hope springs eternal as does spring weather just around the corner. it got to a high of 64 degrees here in d.c. today. we were going to go out and get

suntans. many economists believe the bad weather just a temporary setback for the economy and predict that it will come back stronger later in the year. >> we're looking at sentiment readings still holding up. ism readings above 50%, suggesting growth. and growth actually, in non-service, the in the services sector as well. and sentiment for the consumers also is pretty strong. i think that means people maybe like snow days. >> top fed official, james bullard, president of the federal reserve bank of st. louis said today he expect that is the recent weaker, weathered data will reverse between march and may, eliminating weather drag on the economy. some private economists believe though it may take several months for the weather effects to wash out of the economic reports. i really hope that does not mean that they are predicting floods.

back to you. gerri: peter, we're covering that later on in the show and possibility of this as all this snow starts to melt, it has got to go somewhere. peter, thanks for that. thank you for the spring puns. i appreciate it. >> thanks. gerri: so, is the weather a temporary blip on the economy or the sign of something more fundamental going on? here with answers, rick sharga, with option as.com, and lance roberts, chief economist at sta wealth. rick, i will start with you. you are a housing expert. we got numbers today, how 6 how disappointing. housing starts down 16%. builder sentiment also bad here. is this a lull in a broader recovery for housing or what do you see in your crystal ball? >> i think the crystal ball has turned into a snow globe apparently for the near term. i think we are seeing a little bit of an adjustment in terms of builder sentiment in the terms of, housing starts, permits. i don't think this is all snow

related. if it were all weather-related we would have seen much more dramatic esults happen in the northeast and places where the weather was the most severe. so i think what we're seeing is a recalibration and an adjustment to probably a little bit less optimistic numbers for 2014. gerri: lance, is this more than just a soft patch? what do you think? >> well, if you take a look at personal income data, i look at trends. one months of data, two months of data doesn't mean a lot and let's not forget we seasonally adjust this data every month so it accounts for this inclement weather we had. this already accounts for this with seasonal adjustments. we look at personal consumption expenditures, personal incomes, afterrtaxes those have been on the decline for the last six months. it shows there is underlying weakness in the economy, potentially explains more than what is happening with just the weather. >> lance, i have to tell you that is what i hear from our viewers aal the time.

rick to you, you see fundamental weakness, rick, in the housing market. looking at your notes from my producer, shadow inventories still big. hangover from you know, the housing depression. what else is going on out there that could cap what everybody expects to be a very big year for the housing industry? >> lance is absolutely right when he talks about the last six months. one of the most disturbing trends i've seen in the last six months we've seen a decline in the number of household formation. so we're seeing fewer and fewer people actually form households. partly because of immigration is lower than we thought. partially because population trends are going down. partly because the 25 to 35-year-old age group isn't forming new households. they're staying home with mom and dad because of a weak economy and jobs that don't exist for them. so household formation is the key to return to stronger housing market. and we're just not seeing that right now. gerri: lance, does government still need to support housing? is that the key to solving this

issue, this slow growth, no growth economy? or is something else needed? >> look, the bottom line is, if you want to fix housing, if you want to fix minimum wage, if you want to fix any crisis we've got in this country, there is only one thing that solves it. creating jobs. the government has to get out of the way. you have got to get structures innplace that allow businesses to get back to the job of creating jobs. it solves everything. solves your wage problem. solves your housing problem. get that 20% of millenials off the couch and into buying homes. gerri: you know, you just don't see the confidence that you would like to see in the economy from business operators. it is because they're still, you know, so many questions out there about what they're going to be on the hook for. dennis lockhart, the federal reserve bank of atlanta president had this to say. the recent mixed data could be a temporary thing. weather explanations suggestions or something for ansar al-mahdi al-muntadhar going on. something more fundamental going

on. even the fed, rick, maybe something else is fundamental here, maybe something is going on. this has been a five-year expansion overall? >> it has been 7 year recovery in the housing market. we're absorbing overbuilding since last time. vacancy rates are higher than normal. we have 1.million properties in distress coming forward. we're not there yet. the good news the market is recovering. it is just going to recover more slowly than past couple of years. gerri: i want from both of you before you go, outlook for economy and housing coming up this year. rick, i will start with you. >> i think we can expect to see a relatively flat year in existing home sales. we'll probably see slight up tick in new home sales. but i don't expect to see prices go up much more than maybe 3 to 4% on annualized basis. gerri: lance? >> absolutely agree with that. if you look at mortgage demand, it is down. let's talk about the elephant in the room here by is the

affordable care act. increases in in health care costs go directly to bottom line of consumers who have lack of disposable income already. an extra one or $200 a month in terms after big deal what they can spend which drives the economy. gerri: rick and lance, great points, both of you. thanks for coming on tonight. appreciate it. >> thank you. >> pleasure. gerri: wow. well a lot more still to come this hour including why capital one, the bank, is considering home visits to make sure customers pay up their debts. coming up insurers in a fix about paying up for obamacare. so the potential fix? shifting the cost to taxpayers. we break down your ever-growing tax tab next. we asked people a question,

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gerri: fellow taxpayers you're picking up another tab thanks to obamacare. how much is it going to cost you this time? american action forum is heref with details. welcome back to the show. >> thank you. gerri: this time, here is what it is. the insurers pass on a tab originally given to them to consumers. tell me how this happens. this sounds crazy. >> obama care has many taxes in it.

one is a tax on health insurers themselves, the health insurance tax. uniquely bad tax where they promise to get 8 billion next year regardless of conditions in the market. gerri: unattached to anything going on in terms of fundamental. >> to economic reality. they will get 8 billion. insurers have a cost. they will react with any cost. offset it with another cost or pay shareholders another dividend or push prices up. hard to offset cost and compete with workers everywhere else and shareholders don't like dividends cost so premiums go up. gerri: you and me that needs health care. 139 billion packed on to taxpayers to medicaid actually. what will be impact on the program. >> you know it's a program that is already a big financial burden for states. if you go to state budget, they have prisons, they have medicaid and they have schools. and that's about it. here we go again. price goes up. it shows up in the federal taxpayers because when those premiums go up, the subsidies in

obamacare go up as well. so -- gerri: right. >> it's crazy. we impose a tax that makes premiums go up and spend more over here. gerri: makes no sense at all. >> remember tax-and-spend? this is a machine. that is what this is. gerri: makes it happen even faster, right? >> yes. gerri: we were talking in the green room like pickup sticks. when you're a kid play pickup sticks and remove one stick and hole whole thing falls down. obama care is like this, because it has taxes incentives piled on top of the other. the whole thing falls part or seems to. >> the problem they wanted to have a very big spending program and tried to do it on the cheap. they put in complicated hidden taxes. nickel-and-dimed some health providers, hospitals, doctors. and now we're starting to see the consequences of that. gerri: talk about hospitals for just a second. >> right we just heard georgia close ad hospital due to obamacare.

its fourth. watch out here it comes. a lot of them will close. >> not just me. at the time the law was passed actuary, rick foster at cms said, the future of hospitals under this law is bankruptcy. they can not maintain their business given the cuts scheduled to take place. there was a promise that they we insure people but doesn't look like it is panning out that way. this might be the leading edge of a lot of hospital distress. gerri: wow. we saw a picture of the hospital that will actually close. it is the fourth in georgia that is actually going to close. more unintended consequences. more problems for consumers. @ore confusion. this week we had a huge debate about the number of people who will lose their jobs because of obamacare. sebelius famously saying there, is no proof that jobs are going to be lost. what d >> i am not a fan of her economic skills, nor her web skills, let's put it that way. had trouble with websites and now this. this is just not right. the incentives for part-time work are clear. the incentives to get out of

labor force the cbo highlighted. the fact we have 800 billion in new taxes and a lot of new regulations is not pro-growth, that doesn't help jobs. it's a no-brainer this some hag the recovery. gerri: it was yet one more expensive government program at end of the day we're all paying for. one other story that has been crossing over the last couppe of days, i find unbelievable, you know they call it a risk corridor program. basically it is managing insurer losses an gains. actually how much money they make in trying to keep it into the certain window. the government promises to give them money if they don't make money they need to. they will extend that. why? >> i'm one of those who defends the existence of this. it was in the part-d drug program. it's a temporary program to insure against government failures, setting markets up wrong, setting programs up wrong. gerri: we know failure will happen. >> that is happening. there is no excuse for it to the. >> tent. it should never be permanent and was never intended to be. if, after you stand it up, it

doosn't work, it's a mistake, end it. that is what we're learning. >> we're learning that about so much of obamacare at this point. the website doesn't work. it doesn't even have a back end built, doug. at the end of the day the whole thing was not ready for prime time. the impacts to the industry itself are phenomenal and not good largely. what can survive? >> so right now, health insurers are nobody friends. i understand no one likes them but right now they're basically providing obamacare probono. because they're getting paid for january -- gerri: doesn't guaranty more bodies. wasn't it in the deal they made with the devil? >> i understand that. but the bodies are not showing up. they're not getting paid premiums. people aren't paying premiums, right? the government has no idea what people's bills are. what they said to the insurers, here is how you play with the devil, you pay everything and we'll get back with a check later. this is a mess. this is lesson for private business. businesses need to be businesses. when you become extension of a

government program, this is the consequence. gerri: that is what happened to the insurance industry. they're like a regulated utility now. >> with the regulations changing every day. gerri: and every minute. you don't know what will happen next. doug, thanks for coming on. good to see you. >> thank you. gerri: later on the show, colder weather is on the way out. ways to keep melting snow out of your home. we ask a question how do you do that? how do you maximize social security benefits after a divorce.

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social security benefits, timing is everything. but everything about how divorce can affect those benefits, here with more, is thinking retirement founder and market watch contributor andy land dis. thanks for coming on the show. so what should people know about getting a divorce and its impact on your social security payments? >> what they need to know is that they have a valuable right in ex-spouse benefits under social security, and if they divorce before the 10-year anniversary of their marriage, they will lose that right forever. so they need to know that that's a critical date for their divorce. gerri: so what is magic about 10 years? what happens? >> what happens at 10 years is, divorced spouses can draw social security spouse benefits if they were married for 10 years to the worker. that is pretty important if that is going to be your number one source of social security, if that is going to be your largest benefit and you throw it away because you sign some divorce papers, maybe a few months early? that is pretty radical, gerri.

gerri: that is pretty radical and apparently some people actually know about this and people wait until 10 years, like the day after the 10-year marker to actually get divorced. tell us about that. >> yeah. it's a little surprising, there was a study done recently that younger people, there's a slight bump in how many divorces happen right at the 10-year mark, it is about 6%. older people seem to be more into the 10-year mark for their social security. there is a 12% chance, excuse me a bump of 12% in how many people divorce right at the 10-year mark. that indicates that there are at least conscious of the social security impact. gerri: all right. so something you should think about and actually pay attention to. do men or women get hit more or hurt more by this? how does it impact people? >> it can affect either men or women but especially women for a real good reason. on average women earn live longer and earn less. that means social security is

more important for the woman. so it is really important for the woman to make sure that they're at least aware of this. i know it is kind of a side issue at the time when you're trying to sign divorce papers. gerri: yes. >> but it is important to take care and protect yourself. gerri: makes a lot of sense, it really does. tell us who are how we can maximize our social security benefits? a lot of people out there don't really think about it. they go. they pull the plug on their career. they are done. if they only maybe held back for a couple more years they might have gotten more benefits. tell us about that. >> absolutely, gerri. like when you get a new computer or smartphone you might know hi to turn it on but might not know hidden features and controls. social security is like that too, where a lot of people turn it on as soon as they stop working, where there is lot of powerful, amazing powerful strategies you can employment. one of them is pretty dumb. just postponing the social security. has a tremendous return in lifetime payout. you know they're calling that the delay strategy which is kind

after name for procrastinating but it really does payoff if you postpone to 66 or 70 where it usually maximizes. >> there is file and suspend and spouse-only. tell us about those. >> unbelievable power with, file and suspend, once you're 66, you can file for social security but suspend your payments. if in the background they're still growing to 132% at 70. but, you opened the door for your spouse to draw spousal payments while you're waiting for that to come around. gerri: very smart. >> that is different waiting and maybe drawing from savings or sticking it out at work. at least you can get some social security going early. spouse-only payments incredible. i worked with an attorney recently. she was going to wait until 70, which is smart. on the other hand, she didn't know that she could get spouse-only pates for the next four years, $60,000 put in her pocket that she had no idea was there. gerri: wow. >> incredible what you can do.

it is important. gerri: that is powerful. thank for coming on and telling us about it. that is important part of just really paying attention to your retirement that people need to do. thank you so much. >> thank you, gerri. take care. gerri: thank you. and you know the phrase, those who can't, do, teach. wait until youuhear what law make ear's savings plan for your kid. a look at fine print allowing capital one to show up at customerses homes or jobs. is this a breach of privacy? we debate it coming up. so ally bank has a raise your rate cd that wothat's correct.a rate. cause i'm rely nervous about getting trapped. why's that? uh, rk? go get help! i have my reasons. look, yodon't have to feel trapped

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>> from the fox business studio, here is gerri willis. >> there is outrage on twitter tonight. capital one thing that the

company could come knocking at your door anytime it wants to collect debts. but is it legal? we have a contributor from the national law review. kent, we should know that capital one is selling today. maybe we will come, maybe we won't, we won't come all the time. are you outraged? what you think of this? >> this is completely outrageous. capital one is managing one fell swoop to be boneheaded and extremely shortsighted. they are being boneheaded because strong consumer brands don't bully their customers. they say they're going to show up at your doorstep in your place of work and they are even going to change the caller id to a fake name to trick their customers into answering. that is not what builds trust @%th customers. gerri: you disagree, why is that? >> i disagree because the only

people in the lender should have that when they agree to pay back this were some kind of form of this area you can take back the asset. this is not an issue. every lender has a right to take back assets and this is nothing new. gerri: it's not just capital one. are there big-time rules about debt collectors and is this legal or doesn't apply? >> immediately something. what they are doing must be legal. in the interest of doing this, they may win the battle for me

tell you something, ccstomers are completely outraged by this. this is not the way you treat customers and capital one is @%hizophrenic. you look at the commercials, they have jimmy fallon and samuel jackson and they are playing with young kids and one for the on the one hand. on the other hand tricking them to answer the telephone, bullying them. gerri: looks like we will be present this in the driveway. >> this is not funny. >> let me warn you that that is exactly what is going to happen

and the grass is not greener on the other side. wells fargo, citibank, bank of america does not sure that people's houses. they on't show up unannounced at people's homes and business. and of course they have a right. >> this is exactly what capital one has died. thing that you guys are freaking out. this is what they are talking about. gerri: here is the difference in what i think is a questionable pr move. why not start? >> you defaulted on their obligation and they are not

tryir you. pay your freaking bills on time and you will never see anyone from capital one ever. >> you heard it here first as people start dropping them, hey will correct that. this reminds me of one netflix screwed up. the corrected themselves and now their stock prices are more than they were. you will see a correction. mark my words are not the only people are those with a development of first place because they defaulted on obligations. gerri: it's a great conversation and thank you for coming on tonight. great conversation and thank you. it is time for a look at stories you are focusing on tonight. stockk in the red over weak economic data in the most recent federal reserve meeting and when

to start raising interest rates. the nations leading jewelry retailers with a 600 and million dollar buyout offer today. subject to approver of from the shareholders and regulators. and more damage than previously thought, the hackers also uncovered information from players of the sands casino. issuing a voluntary recall and a certain hot pocket. you know that product. being recalled with philly cheesesteak and cheese because they may contain meat that has been recalled by the usda. those are the hot stories on fox business.com. later, why the break from the harsh winter could cause a problem for homeowners.

teaching your child how to say. teaching your child how to say. details are coming up next.

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t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and eenses to read and consider cefully before investing. gerri: here is the idea. government wanted savings accounts for kids. lawmakers are saying 19 states are doing it. but is this teaching kids about lesson on how to save money? joining me now is on and hoenig. this is a tax and it is assaulting the individual's freedom and control over their own lives and their own savings and in this case the senator

from utah, wants to give $500 to a kid. where does that money come from? stolen from other people. beyond the senator said it is going to curb poverty. what do you say? >> i don't think it is, in fact, it's going to create a lot of poverty because all that money that goes to kids, to fixed mentality. so when you teach kids to be independent and that it will teach them to do the opposite. not to earn their money this will put our grandkids and to

death. they cannot afford the entitlement programs the whole thing makes no sense. reporter: >> broadening your brother's kids keiper, it may be don't have enough money to afford kids. those are the type of rash decisions and i wanted to see their 19 states already doing this setting money aside and

where our parents? >> they can't be teachers. government is not out loud to prosperity or a helping hand. the only way they can give someone $500 is to take it from someone else. but it actually harms him long-term and it hurts the economy and their ability to copperheads. he will not me ask you this. because i think that there is a problem with this country and it is an issue that we should address. who is the best teacher and how do you learn about how to save? have you teach kids how to save. isn't it the example that use that as a parent? if you want your children to understand how to save money, avoid the extra dessert or going to the mall when you don't have the money to spend it.

if that key? >> wasn't it supposed to be a savings program? we already tried this before. we know that it is broken and unsound and government can't he just always. the only rule is to leave us alone. and all of them are violating people's rights instead of protecting them. gerri: we have to get mom and dad involved. it is a family in washington dc. thank you for coming on. good to see you. and now we want to know what you think. question tonight is who is better at teaching kids how to say. log onto gerriwillis.com vote on the right-hand side of the screen and i will share was sure the results at the end of tonightts show. the ridiculous things that anyone can drive to drink. the price you pay for beer depends on state and local taxes

on liquor. single most ingredient that is expensive costing labor and raw materials combined. today's top five states with the highest beer taxes. hawaii coming in at number five at 93 cents per gallon. number four is georgia and number three as alabama and it will cost you a dollar and 5 cents per gallon. number two is alaska with wine and liquor as well. the number one state is tennessee with $1.75. wyoming had the lowest air attack that only 2 cents per gallon. still to come, my "two cents more" and temperatures are expected to warm up. what you need to do about the possibility of flooding. [ tires screech ]

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the has been a cold and snowy winter. what you need to know to prepare

gerri: here comes the warmer weather after rubles for stones throughout the midwest and northeast. so what can you do to protect your house? joining is the president of the insurance institute. welcome to the show. it's great to have you here. i'm really worried, as i know a lot of my neighbors and people in our area are about the

possibility of flooding. all kinds of snow and ice out there. should we be concerned? >> we are seeing the temperature warm up quickly. and you have to wonder where it's going to hole-in-one it's going to lead. water always finds a way. the first thing to tell people where cable lines come into this with the foundation. seal those as quickly as you

can. roll up the area rugs and then if you have a sump pump, make sure that's clear and in good working order. gerri: i see that in our future. another thing that is going on right here in new york that he and a lot of big towns as there is ice falling off of the major buildings in some parts of town are closed off and you can't walk because of this issue with the danger of ice. you can understand how that would be a steal in the big city. but if that's is that something we should think about in suburbia as well. >> there is the commercial property risk, which you have identified and we hope the buildings of all kinds are taken care of room for a balcony and people can walk or ride below because we don't want this falling on people or killing

him. when it comes to houses, we know that it warms up and people are tempted to get on the roof and try to clear the snow. on her website it is disastrous if he.org. >> the national flood insurance program is important for people to understand. it gets into your roof and walls and that will be covered by the homeowner's insurance.

it is considered flooding and that is going to be covered by the national flood insurance program. gerri: julie, thank you for coming on tonight. >> thank you for having me on. gerri: we will be right back. p . ♪

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>> who is better at teaching kids to save money? the government or parent. we asked the question on gerriwillis.com. be sure to log onto gerri willis.com for our rest and every weekday. finally, there's any story that got me going today, the

government having lessons on personal finance. have a great night and we will do here tomorrow. ♪ ♪ neil: you would think with numbers like this, the congressional budget office would think otherwise. they have suggested a fallout and they're going full speed ahead.