asking you what are you wearing. good night. gerri: hello, everybody, i'm gerri willis. right now on "the willis report", eat this, not that. nutrition labels get the first of ever makeover. will it change the way americans eat? also a big win for drivers. cities put the brakes on red lit cameras. fast-food wars, we put the new breakfast menus to the test. we're watching out for you on "the willis report." gerri: nutrition labels are getting a makeover for the first time in 20 years. the fda is touting the proposed

labels as reality check to america's expanding waistlines. will enough consumers check out the labels to tipscale in the war against obety? here to weigh in, john fund, writer for "the national review", and margo woten, director of nutrition policy at center for science inhe public interest. welcome to you both. margo, i will talk to you first because this is something you study all the time. how will these labels be different? what is the big change here? i know your organizion wants to go further but tell us about the changes we're seeing and we'll show those labels as you speak. >> as you said this is the fir time the labels have been updated in 20 years..3 so we learned a lot over time about how people use labels and science of nutrition continues to evolve. one of the big things is that calories, are going to be in a bigger font. they wille easier to see, easier to read. that is the information that people are most interested in. there are some thingsscoming off the label that are not so necessary, that aren't big problems in people's diets like

the percent of calories from fat. ere will be important new nutrition information aed like potassium and vitamin-d. gerri: we got a lot of stuff john, what do you make of the new labs. is it an improvement? >> well, everyone wants people to eat healthier and obviously some pele doook at these labels and some people do derive good information from them but let's not think this is a panacea. educational campaigns, people actually reaching out to talk to people are far more effective and remember, when it comes to childhood obesity we have to make sure parents read labels because children certainly aren't. gerri: that's for sure. these labels will be open to public comment for about 90 days. they will take some time to write the rules. it is possible we won't even see these on products in our grocery store until 2017. they're a long time coming. margo, the fda is selling this on the idea there will be 20 tt

$30 billion in benefits to the consumer. what do they mean b that? >> well what people eat has a profound impact on their health. eating too much saturated fat contributes to heart disease. not eating enough whole grains can irease the risk of heart disease. knowing what is in your food and tools in order to make healthier choices iseally important for preventing cancer, heart disease, diabetes and the other big, costly diseases that are affecting americans health. gerri: i see your pnt but, john, that sound like a whole lot of money, 20 to 30 billion over 20 years. these little labels are boeing to make that big of a difference? really? >> we don't know. i think thaa is a very soft number that's a very soft number. let me tell you what is a hard number though. obviously there are benefits to better labeling but let's not pretend there aren't costs. of the costs is over $2 billion. $2 billion doesn't sound like a lot of money.

that is more than americans spend on every purchase for entire year. companies will do this, big companies will be ail to absorb the costs. small companieskraft beer that sells a thousand bottles a year, woman who sells cookies. 20 or $30,000 how small a batch you make. >> there are small business exemptions. gerri: let john finish. i think he did. margo, your response. >> there are small business exemptions. anthe costs, for those folks already labeling, they will just change the format. it will still be the same size on the package. they use their computer to change the design a little bit for nutrition information they already have. the cost is really quite modest for most companies. gerri: john, you disagree with that. >> grocery retailers association which knows the business says it is over $2 billion a year. are they wrong? >> well the last time around there were lot of estimates how much labeling would cost and ended up noteally having big effect on businesses. >> that was 20 years ago. >> this is going to be, still,

things have you know changed over time. >> health benefits. >> 20 years. >> benefits are so much greater than the cost to industry. people really come to expect to have these labels and they want to make sure that the information is on it is most up-to-date and easiest to use. gerri: here is my question about these labels. so a you know, nutrition and nutrition infortion seems to me to be a lot about fashio one week wre anti-wheat. the next week we're pro-wheat. we think cholesterol is important. we don't think chosterol is important. so the labeling that we see right now is sort of what is in fashion now but in another five years, all these companiesill have to rewrite these labels yet again. margo, you first, then john. >> it has been 20 years and we haven't asked for any updates. i think it has been a very long time. there are changes what the headlines say about nutrition but the core nutrition advice from usda and department of health and human services has changed very little since 1980.

still same basic thing. @at plenty of fruits, vegetables. whole grains. not too much saturated fat and salt. those are the same since 1980. gerri: john, what about the pyrammd and all tt? didn't we turn everything on its head about what ou're supposed to eat? didn't the federal government, we remember the pyramid but we don't want you to do that anore. >> same thing, just a circle instead after triangle. gerri: give, john ahance. >> labeling is good in general but let's not forget this is one of several new costs that are going to be added o to business. we have food safety regs come on. ban on trans fat we have restaurant menu labeling. center for the science in public interest supports all of these things and many of them are fine but if you do too much of them, and do them too quickly costs do add up. this is not just labeling. there are a whole bunch of food regulations that will increase price of groceries at the store. gerri: margo, i want you to weigh in something we've been talking about on this and revaing serving sizes. that is part of the labeling issue.

they're going to, instead of saying that a pint of ice cream is two to four servings will say two which is more like reality. there is concern there will be downsizing of packaging along with this and increase food prices. what do you say to that? >> i say the last time nutrition labeling went into effect there sn't increase in costs passed on to the consumer even though a lot of people cried wolf and said that was going to happen. so i'm not expecting to see that. customers want a certain size package, they're used to that it will just mean that they will ve more accurate nutrition informatiofor what is in that package. bag of chips was about the same size. going to be more honest labeling of it. >> well the food experts i talked to today, incding around 20 years ago change was made, flatly disagree there were no extra costs and repackaging. we've seen in europe when they have some of these costs imposed on businesses they do get passed on and consumer does have to pay

more. gerri: well, you know, i wonder as we sit here and talk about w influential this will be on american's habits. if this will really change the way people eat. margo, you first. >> this is just a piece of the puzzle. that having accurate nutrition information is the bis for people being able to make informed choices about what they want to eat, and what their kids eat but there still be other things that will play a role. r example, we've been working on getting healthier food into schools. and, healthier foo into, you know, restaurants for children's menus. there are other kind of policies which also have effect as well as increasing physical activity. nobody is saying that changing food labels is cure to obesity. just a piece of the puzzle. >> i'm in favor of all those good thing just remember you have to be carefully considered. usually have too many healthy food choices for children and take away things they like the kids won't eat the food. we've seen over and over again children revolt at schools when

they get carrots and tofu rather than meals they are used t. we want all of these things. we have to think abo them carefully. we have to weigh while there are benefits there are also costs involved. gerri: john and margo, great job both of you. thank you so much for your time. >> thank you. gerri: now we want to know what you think. here is o question tonight. will the new nutrition labels will they make a difference, will peopl eat less? log on to gerriwillis.com. vote on the right-hand side of the screen. i will show the result at the end of tonight's show. saving calories, saving money, the recovering housing market is having omeowners eager cashing in on their home. vera gibbons, personal finance expert joins me. welcome to the. >> i like to save money and calories. gerri: home values rising. home equity loans, lines of credit. >> very much in style and very much back in vogue. last year in terms of capturing lost home value, 1.9 trillion is

what we captured. sop of these markets saw double-digit growth, in excess of 20%. los anges, san diego, new york, d quite well now we have equity and lenders are more willing to lend because they're feeling more confident. they're undermore pressure to get revenue boeing from investor standpoint. they're back in the gain. very much back in sle. gerri: people got in a lot of trouble last time around. what they were doing is using their home as a piggybank really, taking all kinds of money out of it. you know, i have a feeling that this time it's different. is it? >> this time it is very different. this is not the easy money when people actually borrowed against value of home and took elaborate vacations and other luxuries that didn't give them any return on investment. these days, you have to have income. you have to have substantial savings. you have to have equity. you have to have at least 20% equity in your home. gerri: vera, what is the right thing to invest in, use that money for if you're getting loan? >> most use it for home improvements. a new roof for example, or that type of thing. other people use it to

consolidate their debt. home improvement was big one. last year wepent 130 billion on renovations and remodeling. a lot of people going forward will continue to use loans for that. gerri: c y do it for debt consolidation? >> you can use it for debt consodation. that is second biggest use. people that in markets that grew quickly, using home line o credit, to buy more real estate. people are doing all different things. gerri: that sound dicey. talk about what you need to know and what the dnsides might be. the are alws fees. always charges that people have to be on the lookout for. >> you need to pay attention to the details. fees, annual fees. you need to repayment terms. you really do need to read the fine print a lot proves that come with the territory. there are negatives. biggest negatives using your home as collateral. if you don't make repayments there goes your home. there is a risk that definitely comes with this territory. if they are used properly they can be used quite effectively.

gerri: now is the first time that door is open. numbers from last yearrare impressive. do you expect this ar's numbers to be as good? interest rates frankly are not asood as they were last year? >> home values, high as last year, went up like gangbusters. expected to go up albeit slower space. still tapering off but still going up. home values continue to rise we'll see out more people taking out home equity lines and lines of cret. gerri: vera, thanks for coming on the show. >> nice to see. >> we have more this hour why hosts of cities across the country are taking down their red lightameras. take a look at that. >>next i'm joined by congressman jeb hensarling to the lead to the fight to rein in on the consumerinance protection bureau. the latest on his fight coming up. ♪ i ke prilosec otc each morni for my frequent heartburn.

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gerri: the consumer financial protection bureau has the power to control virtually every financial transaction in the u.s. and our next guest is shing to bring greater accountability and transparency to this new bought entity. joining me fresh off the house

floor is chairman of the financial services committee, republican congressman jeb hensarling of texas. congressman, thanks for coming the show tonight. i know you have not been a fan of this organization. you have big questions about it. this law that you're introducing, would really, in some ways i think defang it. why do you think it is so important to control this agency? >> well, the cftb is arguably the single most powerful and least accountable government agency in washington. it is a uniquely unaccountable to theresident because the directoran only be removed for cause. it is uniquelunaccountable to congress becse they don't have their funding source through congress. we lose that check and balance. they're uniquely unaccountable to the courts because under something called the chevron doctrine, the cfpb's rulings on consumer financial issues have to be given deference.

kind of likeutttng your thumb on the scale the cfpb is uniquely unaccountable tohemselves because there is not a tm. there is just a he. one unelected, unaccountable director, who really has discretionary power to declare any morage, any credit card, any pay -day loan as abuse sieve and essentially take it off the market. that is abuse of power. gerri: congressman, let me interrupt you there, because they are powerful but i don't think they're the most powerful entity in the country, not by a long shot. here is what i find confusing out them, concerning, didn't we have a federal trade commission? don't we have a consumer products safety commission? don't we have attorney geral in almost every state? isn't this just redundant if anything else? >> partially it is redundant, all new powers is given to the agency, uniquely theecombination of how powerful it is and at the

same time how unaccountable it is what makes it so unique. so true consumer protection has everything you do th the fostering transparent, innovate i've competitive market, virously policed for fraud and mislead aertising. what this agency does it takes away the economic freedoms of the american citizenry to choose their own mortgages and their own credit cards. gerri: to your point, to your point, i understand the point you're making but, here's the question, so this, the idea for this agency and its ability to roll through congress and get approved by democrats was because of t mortgage meltdown. let's face it. that was the one product, one issue that convinceddmost of congress we needed more controls. congress could have stopped that. congressould have stopped the mortgage meltdown. congress could have gotten involved and gotten in the way and put the brakes on but it

didn't. so, i mean at the end of the day, doesn't congress have itself to blame for some of these problems? >> well, washington, in general has to be blamed. t's face it. the great public policy crisis of the of our public policy lament of the financial crisis was not that washington failed to prevent the crisis. in many ways washington led us into the csis. gerri: right. >> it was rules like the affordable housing goals of the government sponsored enterprises, the community reinvestme act, that incented, cajoled, mandated financial stitutions to loan money to people to buy homes that ultimately they couldn't afford. it was the total erosion of traditional prudent underwriting standard that ultimately bke down the financial system. so you can't say that there was a lack of regulatory authority. what is so unique again about this cfpb bureau is, one individual, we now have a national consumer product czar

or nanny to make these decisions r us. gerri: well, let me tl you what i find concerning, and i know you're trying to fight this, the cfpb, boy do they need another name, they're in the business of data collection. apparently they want to collect more information on consumers than anybody else has. >> yes. gerri: so image all the folks who data mine out there, all the companies that make it their business to know our private business, the cfpb would like to be even better at that. what do you want to do about that? >> well, they're collecting hundreds of millions of personal consumer financial data. theoretical it is not supposed to be traced to the individual. for example, their mortgage database the person who put it together said it is easily, easily reversed engineered. so in some respects you could are that cfpb is inaace with nsa to see who can collect the most personal financial data and other data on ameriia

citizens. the american citizens are saying hey, we want to be protected here but who will protect us from washington? whatousese republicans are doing, you know what? any consumer, if the cfpb will collect certainnal financial data they need permission of that consumer before they collect that data. that is common sense reform. most america, they don't trust government. i mean we have these data breaches. it is not just private business but government as well, incredible data breaches and americans are rightfully concerned when washington is collecting massive, massive quantities of their personal financial data. and that is what the cfpb is doing. gerri: congressman, we'll have to leave it there you have to go vote on this thing and get busy. i'm looking forward to it. gerri: thanks for being on. appreciate your time. later in the show, it is boomer retirement day on fox business as we tell you how nottto crack that nest egg. and next, are red light cameras

meant to raise save lives or raise revenue? we're joined by one mayor taking down these controversial cameras.

gerri: we have some good news for drivers. the demise of the red light camera could finally be the horizon. gone will be the days of these hilarious that captured on red camera because of these cameras going away. other nsaids americans have

pulled over the years have gone viral. on a serious note, dozens of communities are concerned about thes very lucrative programs. mayor john ducey is with me now. >> than you for inviting me to your show. gerri: why are we getng rid of the red lights? >> i took office on january 1. i wanted to take a look at what is behind these cameras. so the companies came in and they made their pitch and i said i wanted to take a look at this data. so i got the data to see what allies. this is the reason for the cameras with safety. gerri: these companies, what they do, they put cameras in that watch the cars and then the cops can give you a ticket without even being there and these companies share and revenues. >> yes, they did paid first.

gerri: wow,what did you find out about crashes? >> crashes went out. crashes when up and t-bone and right angle accidents went up. wehave one section in town that was 35 total in one right angle t-bone went up to 36 and five. 400% increase. and then we had 13 total and five t-bone accidents. when up to 28 total and eight t-bone accidents. so the safety is not promoted by these cameras. thirty-one you know, there's a similar study out of florida @%at shows that riordan collisions in a 35%. gerri: it is human nature once you see that you slam on the br.

>> you're going to be neous d set to have an accident. gerri: 800,000 comes out of traffic revenues. >> yes, i thought it was wrong to balance the budget based upon punitive measures. especially when this is touted under the terms of safety and the safety isn't there beyond people pbably love you for taking these out. so let's say you don't even have a cop there. you have a camera there. >> yes, and it's supposed to be about safety. the situation is 3:00 o'clock in the morning and someone is making a right on red and it may not come to a full stop. but still they're going they are going to get a ticket in the mail. and they can say it ii safe for them to go. the cameras are not that

choice. still in five states including ohio and florida. they are getting on board with you here. do you think this wil help you get rid of these altogether? and i am encouraging this around the country. beyond one quick question. your community was hard hit by hurricane sandy. >> we have the most waterfront prerties in new jersey and we lost about $545 million and its slow coming back. it'll take you back in their homes and they will hav to raise their homes or because because of the slow insurance

rate going up. and individual families and schools and schoolkids have houses that are being destroyed. >> lots of continuing problems baratz recounted on the show. thank you for coming on. and good luck to you. coming up, which fast food chain will win the battle over breakfast. and coverage all day long on what you need to know coming up next. major monuments makes to

cto of cracking your nest egg. our networkwide special continues on "the willis report." we have the money moves that can wreak havoc on your golden years. joining me now with mistakes to avoid, financial planner paul

simon of the paul simon financial group. it's great to have you on the show. people go out and they first get into retirement and they make a big purchase that they always have wanted. and a lot of financial advisers say that is not the right time to do it. >> when you hire a financial advisor, the advisor must keep his objectives and his integrity to save your money but i don't agree with that. >> and over me i wouldn't do that. >> i tell them that all the time another problem that i the comment i sw this big time after the financial crisis,

people operate entirely from emotion. i can tell you from looking at our twitter feed in our e-mails here, people are operating out of that same emotion of fear. what do you think you meant to come a lot of the work at we do is a girl finance. put together a plan and you determine what someone's goals or objectives are, then they have a financial model so that we can see what we are ding with regards to all of the different variables and for abilities. gerri: whn ou see the market from it, that's not reassuring. a lot of it will have a gut reaction that i have to get out. i sat tight through the whole thing and made no changes. but my husband, he thought it was the smart thingo do getting totally out. >> so u're educated in what you have to realize is that it

was money that i don't need right now. one account goes up, one goes down, the correlation between the asse. very often. gerri: interest rates went to zero. what you say to thy? >> it just shows that they are at the all-time lows for. the emphasis is more on the individual today to not only save enough for retirement but also to protect that income. very often they are prone to want to do this early, maybe it

makes sense for them to delay taking social security. and all of a sudden there is a paycheck that is missing. an thenthey have to replace that and they need to replace it with something come. with financial planning to use a word of healthy income and risk income. very often looking at social security and government pensions and also insurance contracts. as opposed to the fuctuating program in the markkt. gerri: but otherwise you don't havehat you need to get there. thank you for coming out tonight, is great to meet you and thank you for being with us. the lead us on a couple of stories that we have been

following. whether general motors were linked to 33 crashes and 13 deaths. they open a probe to determine whether gm properly followed the process and requirements for the recall. it's a move that will surely be welcome news for one family whose daughter died in one of these crashes on t 29th birthday. his faily's attorney, lance cooper, oke with me about this onesterday's shw. >> we know about this in 2007 and they investigated a crash and they never followed up. he ubmitted this letter after they announced the recall saying that it was not broad enough very fortunately yesterday gm responded by broadening the recall.

at least 13 pple are dead, probably more. especially within fiveays under this act. this is almost a decde. gerri: another story that we told you about. reports from the daily caller, dealing with a growing backlog of medical files by simply destroying them in los angeles. the ily caller even had telephone conversations to back up this information.

gerri: he told a house be a committee hearing that no one who needed care what my care. this is a carefully thout out review and there waso attempt to lemonade the records. he says that only about 300 cases were closed and no files were destroyed. when we come back, how the rise of messaging services have made even texting passé and taco bell introduces a new manual. we'll take a look at the current competition in the morning next.

gerri: to all of you breakfast sandwich lovers out there, taco bell is unleashing their new morning menu that includes the waffle talk i'll nd the a.m. crunchwrap red joining me now is terry

graham. let's talk about what taco bell is doing. >> there is a waffle wrapp around eight and an egg. kinds of good things. cheese and lots of stuff in there. you cannot. >> i'm not suue it's the best and start your day. because it has so much saturated fat in otal fat and i've been buried in the average person n a 2000-calorie aay diet, that's about 56 calories total. so doesn't leave much for the rest of the day. and so the a.m. conch wrapped has taken and

eight. he big problem without one is the sodium. the average person only needs 2300 milligrams of sodium per day. having that much salt is interesting for sure. gerri: let's talk about the egg white light muffin. it's definitely a healthier choice. the saturated fat is low. if calories e only about 250 calories. so that is defnitely not bad at all. >> here's something else that i have had. spinach and feta breakfast wrap. >> it is also a better choice

than a lot of other options out there. at 290 calories. total fat over 10 grams. compar to taco bell, much better. you can't go wrong through fiber and you actually get about 20% of your calcium needs per day from that as weel. >> this ring some bells for me. >> i know, i'm shocking you. it's low, the sodium is little bit better than some of the others. these are great, you're o the go, you ed something. and i will tell our viewers what

you told me. and i don't know, that waffle, you get so syrup with that. and it's great to have you, thank you for your time. now we want to know which fast food place has the best breakfast and lunch. thbiggest fast food chain. sales have been on a downward spiral for the next few years. and the next one is pizza hut. number three is starbucks. it ranks high on the list thanks to nearly 11,000 stories across the country. it's only number two when it comes to locations in the united states. just over 14,000. and the number-one biggest fast food chain is the subwwy.

we talked about it before. nearly 25, location. gerri: however you base this li, mcdonald's comes out on top. still to come, my "two cents more". do people just talk to each other anymore? we will find out coming up next. ♪every day is so wonderful ♪then suddenly ♪it's hard to breathe ♪now and then i getnsecure

♪from all the pain ♪i'm so ashamed would it be ok if i sat here? ♪i am beautiful no matter what they say♪ is she serious? ♪i am beautiful no matter what they say♪ what ver! ♪words can't bring me down♪ new irl! ♪words can't bring me down♪ ♪i am beautiful in every single way♪ ♪yes, words can't bring me down.♪ ♪so don't you bring me down today♪ gerri: by more and more

gerri: we have the technology right at her and her kids re in -he full interaction for mobile devices. internet messaging soared to 300 billion messages last year. joining me now, welcome back to the show. it's great to have you here. i was asking about how does this impact people's relationships. all ofthis messaging and twitter and social media. >> just might think that it has an impact. because you hve some of the physical world that we live in. e-mail, text, everything like that and people in the physical

world urging them to theand they are not spending time with the people they should be spending time on it. >> that is an example of people being focused on the virtual world. and it is a once-in-a-lifetime experience. >> if people are having seval conversations. yes, i'm having a conversation with my mother, even face-to-face.

and i think it is very impornt to make sure that when you are face to face keep that social interaction. >> what you do about it? >> the areas where we need to really think about is the home, whether you have family oryou just live by yoself. disconnecting is really important. create boundaries, drop your phone in a bowl when he walked in the door. don't keep a phone besi your bed because you have this thing always thee. and you take out your phone, have you ever heard of this? >> no. >> put your phone in the middle of the dinner table. the first person to grab their phone consciously or unconscious weight has to pay for dinner. so all of a sudden you're forced to have some fun and it's a financial penalty. we are seeing this with high-profile celebrities they

ban this at any function that they have. gerri: at night, maybe over dinner, having a conversation. >> exactly. from the great ways to connect with people. i think it's important to disconnect.

i ke prilosec otc each morni for frequent heartburn. zero heartburn. becaust

wohoo! [ male announcer ] prilosec otc is the number one doctor recommended frequent heartburn medicine for 8 straight years. one pill each morning. 24 hours. zero heartburn. gerri: the fda says the companies will have to spend a lot of money to change the nutrition labels and the obama administration says that it will help us to be hlthier. we asked the question on gerrillis.com. 17% said yes and others said it will make no difference at all. finally tonight, food labeling

in particular. a free society, people have to be allowed to make their own choices and eggs. do you remember when everyone smoked? help in this is that it was the government's program to eradicate smoking to cut the numbers. i believe something different is going to hppen. let's face it, it's harder to breathe when he smoked. but the tipping point for me came when everyone else stopped smoking. more people will be encouraged to eat healthier. i see no reason why should be prevented from having them. that is my "two cents more". and that's it for tonight "willis report thank you for joining us and have a great night and we both be right back here tomorrow.

♪ ♪ thank you for beinghere. neil: welcome. i'm neil. that is not what got my attention. it was what really a of said after that. noof the preside but why we keep choosing the same kind of guy for president. think about it. senators, governs, politicians by prevention to the exclusion of others. why not venture outside that political dish. go outside the apitol t look at folks who are pretty good, you know, capitol. how about billnaire and former