tv The Willis Report FOX Business March 17, 2014 5:00pm-6:01pm EDT
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now you and your ameripise advisor can get the real answers you need. well, knowing gives you confidence. start building your confident retirement today. gerri: hello, everybody, i'm gerri willis. right now on "the willis report", common food contaminated with deadly bacteria. we'll have the latest on two big consumer recalls. also gm still under fire for its ignition switch recall. today, gm issues three new recalls involving another 1 1/2 million vehicles. >> we have apologized but that is just one step in the journey to resolve this. a new alert about lottery scams. crooks hit the jackpot at your expense. we're watching out for you on "the willis report."
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>> we have a big show for you tonight. today we're two weeks away from the all important march 31st deadline to sign up for obamacare. with the clock ticking, a new survey reveals the depths of trouble the law is in. with us to go through very latest numbers, dr. scott gottlieb, american enterprise institute. i have to tell you brand spanking new numbers before the show. health and human services announcing they have signed up five million people, total, state and federal exchanges for obamacare. their goal is 7 million people. what do you make of the number? >> that will fall short of what the goal is. we know 20% of those people haven't paid their first installment, vent paid their first premium. so you have to take that down by 20%. i think they will get to four or five million enrollees in obama care. they're not counting exchange enrollment. people go directly to insurance
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companies to sign up. that will probably offset number they lose, attrition, people that drop out because they don't pay premium. they will end up at five million. gerri: still short of the goal they set for themselves, dr. scott. the more numbers and polling on obamacare frankly the more surprised i am. we're finding out from bankrate.com, the number of uninsured americans, fully a third say they have no intention of signing up to obama care. i have to tell you my expectation was when this program was offered to people without coverage, they would be eager to opt in. what happened? >> wellings look, about 95% of the eligible uninsured will not sign up for obama care this year. if you look at numbers people signing up, all the estimates are, only about 20% of people enrolling in obama care are uninsured. the others are people insured other knocked off their insurance and have to buy it in obamacare or people who self-selected into obama care to take advantage of subsidies. uninsured people, a lot who are very young and not very wealthy,
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this is not a good deal. these plans were designed in washington by politicians and not designed in the marketplace for consume years bankrate.com survey, main reason they're not signing up they don't like the cost. >> right. gerri: they are completely unaware there are subsidies to help them pay for it. another fact i found amazing from the same survey a ton, 39% of 30 to 49-year-olds will go without health insurance. they will opt out. pay the fine. pay the tax, instead of paying for obamacare. you mentioned this before. young people are just not taking the bait. >> the penalty isn't that much. most people can get out from the penalty. no one who doesn't want to pay the penalty will end up paying penalty. the ways to opt out that the administration created are very wide and vast. so for young people, you know, this is a very expensive plan. they can go into the marketplace, basically bye non-conforming health plan for less money and find a way to get
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out from under the penalty easily. that is the rout most young people will take. older folks might make out better in obama care than going into the existing market but for most young people this is not a good deal. gerri: the price is high. it costs a lot of money. we're finding out so many of these people, a third of enrollees were previously insured. a lot of these people out there, had coverage before, before they decided to sign up for obamacare. now, why is this happening? because i think so many people out there if you're going to make an argument to me that the government should sponsor a problem to give people health insurance who don't have it is logical argument whether you agree with it or not but to put people on the government dole when they have something they had themselves that makes no sense. >> right. most people on the program who transitioned into the market because they were knocked off the coverage because of the new regulation or taking advantage of subsidies. this plan was not design to take
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care of low income folks or uninsured because of all the regulations. they end up being unaffordable. when president obama took office there were 46 million americans uninsured. at end of last year there were 4million americans uninsured. i'm quite certain there will be fewer americans uninsured when leaves office, i'm not so sure but probably fewer americans uninsured because of medicaid expansion. won't be because of obamacare. most folks who end up on obamacare who are people that had coverage and transitioned into the market. gerri: unbelievable. nothing we learned about obamacare or promises turned out to be true. >> no. gerri: and now the mesh mosh that is occurring. what a mess. dr. scott, thanks for coming on. thank you so much. >> thanks a lot. gerri: from health care to food, two big food recalls to tell you about. if you haven't heard about this, first dole, warning about possible contamination in some of its most popular bagged salads. and costco recalling its kirkland brand fruit snacks because of salmonella.
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let's get latest detail with the director of food safety at the pew charitable trust. thanks for joining the show. glad to have you here today. let's start with the dole salads. where are the recalls occurring? >> the recalls are occurring i believe in 15 states and a number of provinces in canada. gerri: so we've got 15 states and we're showing a map right now. it is mostly east of the mississippi here. illinois all the way over to massachusetts, connecticut, new jersey, maryland. you can see right there. these are largely what they call, italian blend. we've got a full screen to show folks exactly what is being recalled. what is the problem with this product, sandra? >> a canadian food inspector doing routine inspection found listeria contamination in one bag of, bagged salad. listeria is particularly lethal bacteria. very high hospitalization rate. it is very serious for young children, for older people, for
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pregnant women. gerri: what kinds of problems do you develop if you have ingested some of this listeria? >> serious problems that will put you in the hospital, often digestive problems. woman are at risk of miscarriage. there are still birth. this is very serious food-borne illness. gerri: i read some of the initial things might happen to you, you get sick on your stomach. you might feel dizzy. take that seriously, if you've eaten some of the salad. now here's the thing. this was recalled about a week ago. is this stuff still bad? is it still out there? is it still on store shelves? >> apparently they're checking to make sure if it is on store shelves it is removed. people might have it in their refrigerators. many products like these are stamped best buy or sell buy. doesn't mean people consume them within, within the recommended time. so it is important for everyone to check their refrigerator if they bought a dole salad, check
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the identifying information. if they have the bagged salad, don't eat it. gerri: if you wash it is it safe then. >> no. washing will not necessarily remove contamination. products are prewashed. throw it away. gerri: throw it away. >> or take it back to the grocery store where you bought it. get your money back. gerri: there is costco recall of sliced fruit under the kirkland brand. what is the problem with that? >> again there is salmonella contamination. as you noted there are hundreds of strains of salmonella. that is bacteria we see in all different types of food products from fruit snacks to chicken, to, to fresh produce and depending on the strain, some are more serious than others. you have to understand that when a food is recalled, that means the process has failed. that means on one hand, that safe, unsafe foods has not been produced. but it succeeded to the degree this is the last line of
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defense. once the product is in the market, you think there is a problem, you believe there is potential contamination, companies like dole, in this case also, costco, went ahead and, and institute ad voluntary recall. that is the right thing to do. gerri: it is the right thing to do. if you have these products in your refrigerator tonight, toss them. don't eat them. don't wash them as sandra says. get rid of them. thanks so much, sandra for coming on the show tonight. appreciate your time. >> thanks for having me. gerri: we have got more to come this hour. gm recalls over a million cars for another dangerous problem, another recall. we'll have the latest. a major culprit of the housing bust is making a come back. banks are promising this time is different. do you agree? stay with us. ♪
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how much money do you think you'll need when you retire? then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going have to rethink this thing. it's hard to imagin how much we'll need for a retirement that could last 3years or mor so maybe we need to approach things dferently, if we want to be ready for a longer retirement. ♪ if we want to be ready for a longer retirement. ♪
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see what's new at projectluna.com gerri: adjustable rate mortgages are staging a come back despite being a big culprit behind the housing bust. we have a andrew here. great to have you here. why are the adjustable rate mortgages so popular right now? doesn't seem like the regular old-fashioned 30-year rate fixed is so expensive? >> it's a great option for
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certain borrowers who have looking for a low monthly payment now. maybe they're young executives whose salaries are expected to rise. maybe sales professionals get paid once a year and want be be able to make for borrowers who want liquidity. this could be real option for a lot of people. gerri: andrew, 37% of all mortgages in the fourth quarter were adjustable rate mortgages which i find surprising. they got such a bad name during the mortgage meltdowns. how are these loans different? are they different? >> i don't know that the adjustable rate mortgage itself got a bad name. certain variations of it like the option arm which allowed people to pay less than they owed or the kind of adjustable mortgages which jumped very quickly and might have been sold to people who really couldn't afford that kind of a payment shock.
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what we're seeing very attractive short term rate environment people want to take advantage of understanding and being able to deal with a longer term consequences. gerri: let's show people some numbers. a five in one jumbo arm, 2.59%. lock in a low rate for period of time, five years or whatever is being offered because they're usually different lock in terms. but the big concern here of course is, are the who getting these loans, can they pay them off? during the mortgage meltdown, a lost loans were given to people. >> that is the issue. will people who get lower payment be able to afford higher payment lateer? all the indications are these products are being offered judiciously only to those borrowers who have demonstrated capacity to repay. that is very different from some of the issues we confronted
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during the subprime crisis. gerri: i think one of the problems with the marketplace and the in the wake of the mortgage meltdown, after all of this stuff was finished, that bankers were really reluctant to write anything other than a 30-year fixed. they were worried about writing anything different. in some ways it is good to see these particular mortgages resurface, don't you think? >> you are so right about that. what we need in this marketplace where, there's a real dearth of access to credit, is we need to get back to innovative, constructive product that is give people options. it is very important that these products only be sold to people who can afford them, but hopefully the lessons from the past have been learned. we can increase access to credit by making many of these new products available. gerri: so we're seeing that 31% of mortgages are going to people who want to borrow 417,000 to a million. 61% of the mortgages a million
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plus. i'm wondering if these, i understand there are some new fees out there for people who take out jumbos. i wonder if this is one way people are trying to bring their total costs down? >> i think it is. i think it is a combination of people wanting to bring their costs down but also, the extremely attractive nature of some of these short-term rates. and of course there are many borrowers who don't expect to keep a mortgage more than three to five years. they may transfer. they may intent to sell their house. they may intend to pay off that mortgage. and for that kind of a borrow, the overall cost of their mortgage will be much, much lower by taking advantage of some of these shorter-term loan products. >> and to your point the 5 in 1 jumbo starts at 2.59%. hard to beat that. thanks for coming on tonight. great to talk to you. >> happy to do it. thanks for having me. gerri: thank you. later our financial panel is here covering your assets. have reasons to spy on your
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loved once? we'll show you how to do that with the hottest new apps. spy on your loved ones, maybe your husband, maybe your kids. stay with us. so ally bank has a raise your rate cd that wothat's correct.a rate. cause i'm really nervous about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate cd. if our rate on this cd goes up, yours can too. oh that sounds nice. don't feel trapped with the ally raise your rate cd. ally bank. your money needs an ally.
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how does this work? do i speak an app on my husband's phone. is that what you're talking about here? >> we are. that is exactly what you do. you sneak the app on your husband's phone. he doesn't necessarily know you're even putting it on there. some people are open about it. that would defeat the whole purpose of doing it. gerri: so is it real? >> it is not really legal. if you actually look at the disclaimers on each of these app sites you will see very clearly states that there is very specific regulations around how to use it and what they are intended for. they're not really intended for this purpose. we're hearing hearing that in. gerri: we're hearing in divorce cases as much as 80%, folks are bringing update tax information from the apps, using it in a court of law, how could that be legal? >> it is. number one way people are figuring out who is cheating. not necessarily legal but all over the place in terms how you figure it out. gerri: chris, how does it, does it track where your husband is or what does it do? >> it does. so it has to do with the gilo
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locating services. you put it in the phone and you can see where someone is at any given time. gerri: i wasn't at nancy's house. i was across the street at the bar with a friend. i can hear all the excuses that is shocking. you're saying you could also do it to watch out for your kids? you. >> can. i think that is a real great reason here why people should be doing it. there is a one people use for that. gerri: they probably wouldn't like it either. your kids don't want you over their shoulder either. talk about apps you actually like. what do you like? >> there is new app connect. there is really interesting app. you can basically use it for traveling where virtual check-ins. you see where people are anytime you go somewhere, rather than looking on facebook to see where they checked in. you have a virtual map where everyone is around you in your address book. i think that is pretty interesting one. gerri: everybody in my address book may not want me to know where they are at that moment? right? i'm shocked by this. am i only person shocked by
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this? find my friend. >> find my friends. this is really great. talk about employers. it is really helpful. i have a employee that works virtually. i love to put this on the phone, to see specific are they working when they say they're working? i want to find where they are. are they sitting at their desk or sitting somewhere else. really helpful for that. gerri: trick or tracker. you mentioned that before. how does that work? >> trick or tracker was originally created to find your children around halloween. so it's a really grade app. i like this one a lot. i think it is great for monitoring kid. gerri: and tops spy app. that sounds like you're looking out for your husband here. gerri: that is hard wore one. out of all of them. that is prescription based. and basically you can forward and monitor sms texts, emails and everything. if you want to find out the lowdown what your spouse is doing i go to that one. gerri: the texts, emails. >> everything. gerri: it has a locate erdevice.
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>> it does as well. you can't lie with these apps. gerri: which is the favorite? >> find my iphone which is original one. gerri: yes. >> i know a lot of people use it. i find it convenient to use. gerri: in case you lose your iphone that is the other reason it helps find your iphone in case it is lost. that is the reason it is good. gerri: i'm in shock. that's amazing. now i'm scared. we want to know what you think. here is our question tonight. have you ever spied on your family, husband, wife kids? log on to gerriwillis.com. vote on the right-hand side of the screen. i share results at end of the tonight's show. hot stories you're clicking on foxbusiness.com. new u.s. sanctions against russia. president obama signing an executive order to freeze u.s. assets of seven russian firms for their support of crimea's vote to secede from ukraine. the sanctions do not include
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russian president vladmir putin. dow closing today up 181 points. traders shrugging off crimea's vote and focusing on encouraging news from china. sally beauty warning today of theft and credit card data breach. the cosmetics company said credit card date from 25,000 customers may have been compromised or stolen in breach of its systems. st. patrick's day may be on monday but green is still flowing. retail federation says st. paddie's spending should grow to 4.82 b up 2% last year. right out this window only moments ago. those are some hot stories on foxbusiness.com. coming up a new alert about lottery scams. next more scrutiny for general motors. gm issuing new recalls on some of its most popular vehicles. what you need to know coming up. ♪
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gerri: general motors announcing three new recalls. now, company is still facing scrutiny after last month recall of 1.6 million cars due to a faulty ignition switch. here with more, kelly blue book senior analyst. good to see you. what is going on, why are we getting million more recalls hear from gm? >> if you have bad news, why not put it out in a short. of time and move on? gerri: i guess that is what they have in mind. we can show you the u.s. include a lot of different cars and again it is not just the problems with the ignition switches it is a lot more. you say they are washing out the system. do you think we will get more these announcements in coming days? >> maybe another one or two.
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the don't want is this to linger on for a while. they want to wash their sins away and move forward. gerri: i have a long ways to go before that happens. the analysis beating up the manufacturing replacement parts in the ignition switch to make this happen more quickly to speed the correction on those in trouble. will that be enough, do you think? >> you have vehicles were people are afraid to drive them, they are warned by some not to drive them and yet are told to wait weeks, maybe months for a replacement part. so they have to get this done quickly. gerri: they do indeed. one lawsuit coming into court fairly soon. two girls died in 2006, this is from the problem with the ignition switch. families say gm cap information from them.
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the big question i think here, jack, is gm going to be able to hide behind the fact this is a new gm, not the old gm? will that the adequate protection? >> does gm wan wants to hide bed that? public relations that is a bad idea. taxpayers paid for general motors to be in business right now. for that company to hide behind that to avoid a product liability suit like this seems a very difficult to sell to the public. gerri: it could be devastating financially given the fact according to one source we had three accidents as a result of this thing. i'm sure you saw this same the problem is much more widespread. do you agree with that and financial impact on his company could be huge. >> the financial impact could be huge, but at the same time there
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is probably not 300 vehicles related to this problem. maybe 300 deaths related to driving the cars over the course of time. per attribute all of them to this ignition problem may be pushing it a bit. gerri: how it' is doing handlina p.r. nightmare and a financial nightmare? >> i think she is getting good advice, but thi is a difficult g to deal with. something building up for 12, 13 years. she will not be able to fix it in a week or two. she was around general motors.
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she is aware i mentioned has been aware of these problems for some time. onto lotteries. federal trade commission saying they doubled 2009. peter, how do these scams work? >> you can get them by e-mail or phone call. the this new case retired man in northern virginia received this old-fashioned letter in january titled prize-winning notification. saying he won something called international shoppers lotto horrible. could you checincluding a checkt deposited until he caught a
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numbecalled anumber. >> there with toy you can deposit the check to have sent you and you should wire back some of the might them for fees or taxes or whatever. once you where the money, it is gone, he will not get it back. >> of course the check was a fake. by the time your bank figures that out if you deposit one you have already wired the crooks your real money and an extra mistake the retirees wife works at a federal trade commission which polices lottery scams so he knew better, he listens to his wife like i do. gerri: you're telling me a federal trade commission person fell for it. >> he did not fall for it. the fcc wife, her husband was aware of these scams, so he did
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not get suckered into this, but the fcc says it gets nearly 90,000 consumer complaints just last year about scams involving prizes, sweepstakes, et cetera. they have cost victims tens of millions of dollars, maybe hundreds of millions. u.s. postal inspection service investigates with law enforcement agencies that prosecute them when they can get them. last month they charged 10 people in south carolina with more than 2 million victims out of more than a million dollars in a lottery scam. gerri: thank you. later, tips to fill out a winning march madness bracket this year.
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every day of the week. centurylink® your link to what's next. gerri: in what could be one of the biggest ipos of the year, china's e-commerce giant alibaba coming tonight states raising $15 billion in our market. so how will it do? here to weigh in, steve crowley. editor of my news ultimate wealth report and bay ridge financial cofounder. i'm going to start with you. the company is a chinese company coming to our market to go public. what do you make of alibaba? >> i think it is awesome. you will see a lot of millionaires created. gerri: steve, do you agree? >> yes, i do.
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they will continue to be hot, the "wall street journal" talks about ipos all the time. it is going to be a big one. gerri: what do you say? >> it will be huge, possibly 200 billion in market cap, bigger than most competitors. it will be a huge ipo, good for america but probably not good to try and get into it. >> this is not for individual investors. they can't invest in ipos if you are an individual investor, you always get burned. the people who do best put out in the marketplace of the insiders, friends of the bankers, friends of the company. >> assayed is impressive. yahoo owns 24% stake, japan will
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benefit, softbank owns 37% stake and there will be major impact. helping alibaba get on the playing field with ebay, on the playing field with amazon. gerri: are telling your clients and the people who follow you that you have to get into it as soon as possible? >> we tell people to wait weeks or months with an ipo. with alibaba you want to watch it carefully and maybe three or six months down the road will be part of your investing purview. gerri: pick a price, it is going to pop like a champagne cork and god knows where it is going to go. >> the problem is there's always a huge hype around an ipo like this. they will price it superhigh.
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not so great for the investor. paying top dollar to buy that company. i would wait a while for the valuation to come down. >> to you, we had a pretty awful good day in the market after last week, what do you make of that? >> it is on light volume. take money off the table. i think it will be wise going into the next couple of months. gerri: do you agree? >> i agree. there is no doubt about it. the market will have some trouble because of what is going to happen with quantitative easing. a difficult ride over the next few months. these days we don't even get back to where we were at the end of last year is much ado about nothing.
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gerri: janet yellen will be coming her first meeting for the federal reserve. will there be a big qe surprise, or is it more of the same? >> she is going to keep it where it is at or she will increase the amount of taper. taking off the table about $10 million per month. the market is prepared for either of those situations. she pretty much starts off on easy footing and we will see where it goes from there. >> janet yellen in the past has done a good job. she wanted to raise interest rates, so it should be very interesting to see how she adjusts to anything thrown her way. gerri: we talk about how she is going to be more ben bernanke then ben bernanke. they are reluctant to take her foot off the gas pedal. do you see any danger on what is going on with all of the
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liquidity pumped in by the fed? >> yes if they don't start whacking it off. down by 10 or 12 billion per month ma maybe the end of this year's right, down by 40 or 50 billion. i do see a negative because it will cost the market to go down. all the problems are because of that backing off of the $20 billion in investors are afraid of more. gerri: you look at this every single day, what is your concern about the market right now? >> the rise in food inflation. everything from coffee and sugar, everything going up very high. the market getting a bit frothy. gerri: that is not a good combination, is it? >> we are seeing shop in food, orange juice, switching the
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container, they went from basically double insulated, now charging the customer not 4 pounds, now with more. gerri: steve, last word. >> the second half of this year will be problematic. we will be okay until july, but the second half of 2014 the market will be flatter than it is right now. gerri: on that note we are going to leave it. really appreciate your time, great job. hopefully the rollout is smoother than facebook. the top five biggest ipo us.
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number five, when it was a disaster the stock fell 24% in the first two days in leading to a class action suit. company third with bankruptcy but still around and still struggling. number four, the globe.com. the largest first day gain of any ipo at the time. offering skyrocketing for $9. the company quickly faded out, another casualty of the.com bust. quickly expanding but the company never attracted enough customers to justify the spending spree which included high-tech warehouses. going bust in 2001. number two, the online toy seller went public in may of 1999. the stock quadrupled and it began trading. and the number one biggest ipo flop, you remember pets.com.
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debuting in february 2000 declared bankruptcy. unbelievable. still to come, my two cents more and how to finally win your office ncaa pool. 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. at ally there are no hidden fees. not one. that's nice. no hidden fees, no worries. ally bank. your money needs an ally. are you still sleeping? just wanted to check and make sure that we were on schedule.
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history, but warren buffett has teamed up to offer a billion dollars to anybody who can find all the right teams in all the right spots. with expert advice on how to do it. joining me now. i know nothing about basketball. have you fill one out for the office. >> 1 in 10 pentillion. picking the winners of every game. gerri: you have some expert advice. you said never pick a number 16 over a number one team.
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>> each of the four everybody is ranked, don't pick 16 over the number one. you can go between 5-12, those areas you will see a lot of upset. 10 upsets per championship in that area. you will not see a 1-16 upset or 2-15. don't be stupid. gerri: based on the number of competitors, what does that mean? >> if you have 100 people in that come he can be more conservative. if you're entering tens of thousands of people and you want to win, you have to get a little crazy. you don't need to know anything. you have as good of a chance as i do. gerri: now you have my attention. pay attention to teams that are
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hot right now because they are likely to continue on a roll. >> correct. virginia. people say creighton. nobody would think about it. wichita state was in it last year. teams he would not normally think. gerri: how do i spot enough said? >> there are some injured players. the location of the actual game. if it is a home team or a team nearby, you could be at an advantage. teams that do well, take more risk. three-point shooting teams a shot against the big guys because if they can be on their game, they can do very well. gerri: what is your final for predation? >> i have arizona, i have
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wichita state. university of virginia and kansas. i don't think florida is going to do it. florida has not won a game yet. they'rthey are destined to losea game. they won the tournament championship, they are destined to lose, i don't think they're e going to go all the way. gerri: can i pick in north carolina team? i am from north carolina. >> yes, you can. the problem is will be playing villanova. you never know. gerri: you just want to beat a. that is all you are thinking about. very informative and i feel educated now. good job. we will be right back with my two cents more in the answer to our question of the day. have you ever spied on your family? we asked people a question,
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how much money do you think you'll need when you retire? then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going have to rethink this thing. it's hard to imagin how much we'll need for a retirement that could last 3years or mor so maybe we need to approach things dferently, if we want to be ready for a longer retirement. ♪ if we want to be ready for a longer retirement. if ...hey breathing's hard... know the feeling? copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. spiriva helps me breathe easier. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate.
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these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. other side effects include dry mouth and constipation. nothing can reverse copd. spiriva helps me breathe better. does breathing with copd weigh you down? don't wait to ask your doctor about spiriva.
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gerri: earlier we showed you a top apps for spying on your family but have you ever spied on your loved ones? sprint has what we call a stalker app. i can track the phone. i use it to open the garage door and to know when to start the grill. to see where my daughters are if they travel from school to home and back. gilbert disagrees, says if i have a problem, i will ask them directly. 12% said yes, 88% said no. log on for our question every weekday. here are some of your e-mails we got from you on the fda changing nutrition labels. says i really don't think many people read the labels. it is a person's choice what to eat, when and how much. andre from texas agrees, get a laugh out of the food diet controversy.
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eat everything and anything. the secret is moderation and exercise. if you don't know how to control your eating habits, you get the body you build. send an e-mail at gerriwillis.com. the government is collecting a record amount of money. inflation-adjusted federal tax revenues hit a record $1.1 trillion in just the first five months of fiscal 2014. even so the government couldn't balance its books. $377 billion deficit. go figure. revenue includes income taxes, corporate income taxes, social security and retirement taxes among many, many others. does this seem that with an come like that they should be able to balance a budget? if the government republic company they would fire the chief financial officer.
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instead congress gets reelected. we pay so much and get so little. that is it for tonight's "the willis report." happy st. patrick's day. >> this is the most transparent administration in history. >> withou>> the most transparent white house in history. >> this has been the most transparent government, most transparent administration that we have seen in a very, very long time, perhaps in the modern era. neil: i don't know. here is the thing about making promises like that, they are on videotape or digital tape, they are recorded.
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