little bit. got up in the bid and ask to 191 after-hours but fell back down again to 188. so we'll be watching tesla very closely tomorrow if it sticks at these levels. liz: even with a beat on earnings. "the willis report" is next. have a great night. gerri: hello, everybody, i'm gerri willis. right now on "the willis report," debt fight escalates. democrats pushing for relief by raising taxes. also sick and tired of your smartphone always running out of juice? we've got tips on maximizing your phone battery. and since when did it cost a million dollars to build a bus stop? when it is built by the government of course. we're watching out for you and your money on "the willis report." gerri: we'll get to our consumers news in just a moment. first we begin with new details of the investigation of high frequency trading by new york's attorney general eric schneiderman. now the ag said he was going to

get tough on people who were unfairly gaming the market at the expense of individual investors. our own charlie gasparino broke the news on this story right here on fbn. he joins us now. charlie, what do you have? >> i don't know if this is good for hft firms or not. here's what we know. schneiderman is not focusing on perp walks. he is not focusing on going after the hft firms, using the martin act, which is a very strong new york law, you can indict someone tantamount to a parking ticket. he will not use that to put people in jail but from what we understand he is focusing very intently on structural reforms in the hft business. he wants to remove their data information edge. they used to get the first read on thomson reuters university of michigan surveys. market-moving events somehow those were sold to them by the exchanges. so they can get the first read and could trade a nanosecond ahead of everybody or second ahead of everybody. he wants to end that. he wants to end other sorts of advantages, including speed

advantage. he wants to moderate that. maybe not a nanosecond but a quarter of a second. i don't know exactly. these are things he wants to do. we should point out this is much more of a beginning investigation. it is going to take a while. we have multiple other investigations going on. the securities & exchange commission is looking at this. the doj is looking a this. if there is one thing i can say about the investigations into high frequency trading regulators are bumping up against reality. the reality is, a lot of this stuff is legal. the other reality is, michael lewis's book, that it a big scam and rigged in markets most people believe it is not true. the other reality is, i don't believe, they're not sure, even if given it a fair shake this is costing people money. you know, high frequency trading and computerized trading helps create liquidity. gerri: it doesn't create liquidity. it goes away in nanosecond. >> really? are you paying more now -- gerri: of course i'm paying less but for different reasons,

different reasons. >> you're paying more people trade. gerri: deregulation of those brokers. >> deregulation? gerri: they used to charge incredible amount of money. this is 20-year trend. >> who do you think makes the markets? do you think it is stock exchanges? do you think it is individual investors who are not in the market right now? gerri: they aren't. >> they aren't. gerri: because of this very thing because of this very kind of thing. people don't trust the markets. >> they don't trust the market -- most people don't know what a high frequency trader is. gerri: rigging libor, insider trading, a lot of things, not just one. >> the individual investor is worried about libor? gerri: i think they hear every single day about something that makes them not trust the markets. makes them feel like there is not open playing field. >> you don't think the market going from 14 to six? gerri: i'm not in favor of this. did not help. >> that is financial crisis. that hurt confidence. high frequency trading had nothing to do with it. gerri: banks bailed out. >> high frequency trading on scale of one to 10 is a 20.

gerri: answer this for me if you will? what is the status of investigations. justice department is in there. sound like they're dialing back their interest? >> the reason why is this. this is baloney. anybody to sit there -- i read michael lewis's book twicing okay? you have to get through it to stop laughing. this guy makes high frequency trading sound like the devil when in reality, are there people screwing around? yes. there are murders in new york city, you know that, unfortunately? is new york city the murder capital? is it unsafe -- gerri: not a good metaphor. >> exact same thing. are there murders in new york. there is criminality in new york. does that mean you will get ripped off when you walk out side? gerri: if there is to road, and i'm on a toll i want to know about it. >> when you pick up an ice cream cone there is toll on that ice cream cone, okay? there is a markup. gerri: trying to follow you here. >> you don't think you pay, you think pay markup? gerri: now we're ice cream cones?

i'm a little lost. >> did you pay markup to tom car develop? how do business make money. they mark things up. you mark up on a car? gerri: i want to know about it. >> do you know every priceline item in your car. gerri: charlie, thanks for coming on. it's a pleasure arguing with you. >> anytime. gerri: all right. another very big issue that the government can't fix and making worse is student loan debt. senate democrats are pushing tax hikes as part of a new way to help students. for more on this, we have advisors network. charlie kirk, turning point usa founder and cal cheney from the princeton review, who is out with the 2014 edition of, paying for college without going broke. welcome to you all. great to have you here. i want to start with what is breaking news today on this that i don't think anybody is repoing. we have new rates on student loans of the stafford loan is going to 4.66% from 3.86%. graduate staffer loans going to 6.21%. and plus loans to 7.21%.

to you, mark, is this surprising? >> no, it's not surprising at all. when congress switched to the 10-year treasury as benchmark rate for student loans, it was an interest rate increase masquerading as decrease. i suspect a year from now we'll talk about how the new rates are higher than the rates previous fixed rates before this 2013 switch. gerri: and cal, to you, this is really important because so many students rely on loans just to get through school. don't they? i mean more and more kids, a larger proportion of students need these loans. >> right. that is very true and actually princeton review recent survey, hopes and worries survey show that previously their biggest concern of students that were polled was that would they get into their first choice school. now it's, they're concerned about the level of debt they will have when they graduate. gerri: charlie, you know, we've got some $1.2 trillion in

student loan debt of the average student graduates with $29,400 worth of debt. now the democrats with a new proposal to help out people who have student loan debt. this is being offered by the massachusetts senator, leading a pack of 20, i think 19 other democrats. they're saying what need to happen we need to tax millionaires and somehow give the money to students. what do you think of that plan? >> yeah, i think it is totally absurd. what this really is, this is populist by the base of democrat party to continue to punish success and rich people in this country. if you really read the language of this bill, it doesn't make a whole lot of sense of the focus point of what elizabeth warren is trying to do, she is trying to say, look at those evil republicans. they don't want to help students. they would rather help big republican donors. when you look at it, we need to look what a millionaire means. a millionaire could be small business owner has llc or subchapter s that might have million dollars in income by no

means a wall street banker making 8, dollars a year. -- $80 million a year. senator warren is propping up populist type message ever since she got elected. >> you make a good point that maybe this is political move but, mark, this could get a lot of traction. what do you make of it as a practical matter what they're suggesting? >> it won't have a big impact on the economy because the interest payments on student loans are small part of gdp. we wanted to have a big impact on gdp, giving $10,000 to everybody who is learning less than the poverty line would cost less and be more effective. gerri: i don't guess we'll do that anytime soon. well you had said that the switch last year to basing student loan interest rates on the 10-year treasury was obviously a wolf in sheep's clothing but you also say that when it comes to this plan, that people can already refi into lower rates, right. >> right. there is no prepayment penalties on any federal private student

loans of the only thing preventing students from getting lower rate the fact that lenders are not willing to lend to unsecured borrowers at a lower interest rate. gerri: cal, how do you stand on this? what do you make of elizabeth warren's plan? >> it is hard to say. it may well be that she knows it probably is not growing to pass and as the other guest said it may be political grandstanding do as both parties do with the midterm elections coming up but one thing that is a concern is private loans, to refinance those with the government. that will put a burden on to taxpayers most likely. and i know they mentioned about refinancing cars, refinancing hopes but a lot of those rates when you get are based on your fico score. the federal loans are not based on fico score rate. it is pass/fail test much everybody gets same rate. gerri: right. >> that is higher risk borrowers with the private loans that are at higher rates are going to be now i these loans and toes are ones most likely to default. then it will be taxpayer holding the bag. gerri: let me show you why this is such a concern.

when you look at inflation and good for all kind of services, across the board, it is college tuition gone up and gone up dramatically, 74% over 10 years. only gas prices and hospital services have gone up more. is there any way, charlie, to contain these costs? >> the best way i would say is to get government completely out of the student loan industry. if we look since the government got in, 894% in tuition hike. beats inflation every single year. i got to say this. every spring we have this debate over and over again. as yogi berra said, it is deja vu all over again. political manueverring on sides. should we lower the rate or not. my solution is simple, reinstate competition into the college market. give students power to succeed and encourage students to go to two-year technical schools to keep the cost down and finally if they take out a federal student loan i believe at very, very minimum if government has

to be involved, we have to make sure they're studying something that makes sense. studying eastern medieval history and north african studies will not result in long-term unemployment that will help the economy. gerri: no underwater basket weaving for you. thanks for coming on tonight. we want to know what you think. here's our question. should mail nays be taxed more to alleviate student debt? log on to gerriwillis.com. vote on right-hand side of the screen. i will show results at end of tonight's show. we have including our brand new segment. listen to this, where there's a will there's a way. we'll hear from one man how he came back from financial ruin, not once, not twice, not times. you need to hear this story. get ready, natural gas prices are skyrocketing again. what is behind the surge and what you can do to avoid a price shock. we're looking out for you and your wallet coming up. we've never sold a house before.

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with me, phil flynn, price futures group and fox business contributor. good to see you. >> thank you. gerri: you see a big spike in natural gas prices. why? >> basically we're using more natural gas than we ever had before and taken our record production for granted. over the last couple of years we've seen the demand for natural gas go through the roof and it should because prices have been low but the infrastructure just hasn't kept up. going into last winter, we had the second most amount of supplies in history going into winter. people thought we would never use it all. but we had a cold winter and all of sudden, now we're at lowest level we've seen in almost 15 years. gerri: you have to explain to me, phil, because the federal government says, we'll be in fine shape, it will be okay, don't worry but you say they have got it all wrong. why? >> well because basically i mean, i'm not saying they have it all wrong. what i'm saying is everything has to go perfect for their prediction to come true. you can not have a hot summer. you can not have a hurricane.

they're basically saying that every week, for, between now and the next six months, we're going to have to put into storage about 90 billion cubic feet. that is 30% above the five-year average. five-year average that is already a record! they're counting on natural gas producers to not only produce a record amount of supply but 30% over a record amount just to get back to adequate storage levels. it is going to be a tough job to do. i don't know if the producers are going to do it unless we see higher prices. gerri: i think more and more we're relying on natural gas. what is the increase on the demand side? >> everywhere. you know, you're shutting down coal plants. look at the epa they're even trying to shut down even more coal plants. a lot are being replaced by natural gas. we're seeing retirement of nuclear power plants. they're going to natural gas. which i don't necessarily think is a bad thing but the problem is, is that, when prices are

very cheap we take it for granted that the supplies are just going to be there but what we really need to do is anticipate the increases in demand, get infrastructure in place, and that's all going to happen but you may need a price spike to get everybody to wake up. gerri: you know, so frustrating because as a consumer and somebody that uses natural gas and i use it in my house -- >> yeah. gerri: i saw what happened, all this new production coming on board. it was very excited about it. and now i'm paying more than ever. is there anything that consumers can do to lower their prices? >> well, right now, i think they're going to have to be patient because in the short term it is really going to be dictated by weather, supply and demand. but stay on your utilities. part of the reason why the prices are spiking is because utilities really haven't put in the investment to take full advantage of this natural gas. part of that is the government's, you know, problem as well. you know, to get an approval to build a pipeline, it takes, you

know, weeks and months and years, for the government to get approval. so, you know, there has to be infrastructure spending but listen, the long term picture -- gerri: we can get it out of the ground but can't get it to people's houses, am i right? >> that's it, that's it. we're encouraging more use of natural gas but statement the government has been discouraging production. also we're hearing about is that we don't want to drill on government land for oil. we don't want to, you know, open up some of these lands for fracking. >> sending coal overseas? >> we are, you know. and let them pollute the environment on their side of the world. nothing to see here. keep on moving. gerri: phil, thanks for coming on. always good to have you on the show. >> thank you. it's great to be here. gerri: and coming up later how millions of taxpayer dollars are being wasted on bus stops. are you tired of your smartphone battery always dieing? next we answer the question, how do you do that? how to keep your phone charged

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bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america. gerri: does your cell phone battery die on you all the time? me too. you're not the only one. how to keep your cell phone alive when we come back.

true business-grade internet comes with secure wifi for your business. it also comes with public wifi for your customers. not so with internet from the phone company. i would email the phone company to inquire as to why they have shortchanged these customers. but that would require wifi. switch to comcast business internet and get two wifi networks included. comcast business built for business. gerri: you know that feeling of disappointment when you look down at your cell phone and realize the battery is almost dead and you can't charge it? why do our phone batteries seem to drain so quickly? here with answers how you can fix that is the tech editor from mashable. welcome back to the show, pete. great to have you here. what are the big things that drain your battery because i

don't think i know? >> number one is the screen. any mobile device with the screen, the screen is almost always the biggest drain of the first tip that if you take nothing else away from this, from what i say, turn down your screen brightness to the absolute minimum. gerri: makes a lot of sense. makes a lot of sense. app auto updates, right? >> now especially with android and iso they have apps. wonderful apps update in the background. they give you information even when you don't have the app open. problem is that consumes power. there is special menu on ios called background app refresh. find it. turn off the apps that you don't need up to the second you know, information and that kind of thing. gerri: also new email push. don't be getting yourmail all the time either. >> yeah. that is traditional one. that has been around for a while. definitely, if you most people have three or four accounts. one that you need to have access to continually. goat to other ones. set them update every hour if

you can. that will definitely save you some juice. gerri: leave on gdp bluetooth. guilty as charge. >> that is big one. if you're navigating. turning on something with like in your car and you are continually using gps that will drain it really, really quickly. gerri: here is the thing that i didn't know i learned in this segment that was such a shock ir. the ideal battery charge isn't 100%. >> no. actually, studies have shown, to maximize the life cycle of battery, batteries stop holding a charge after few years, to maximize the lifespan, keep it between 20 and 80% why the alley. gerri: don't let it just go to zero. >> ideally no. you can. and it will still hold a charge but if you want to keep the battery working three years from now, best thingo keep it in between that range. gerri: great idea. now the worst apps because we have apps that will just eat up all your bandwidth. talk about them. >> yeah. so on anything that's a game

that will take high recent graphics whether infiniti blade or that definitely will be a huge one. that is maxing out the processor. gerri: android outlook vine, graphic heavy games like "candy crush," people. >> even verizon publish as list of sort of worst offenders on android. vine is one of them. outlook has been gerri: i can't avoid outlook. >> that is tough one. this is mainly outlook.com web service. gerri: apple, the flashlight app. who doesn't use the flashlight app, pete. >> at least it goes off automatically. because it uses led in the back an turns that on to maximum, definitely make sure you only use that when you absolutely need to because that is definitely drain. gerri: high resolution games and navigation apps will eat up all your battery power. pete, thanks for coming on. good to see you. >> my pleasure. gerri: time for a look at stories you're clicking on foxbusiness.com. markets ending mixed today while the dow and s&p ended in the

green. the nasdaq slumped as traders ditched tech stocks. janet yellen giving the markets a boost. the federal reserve chair testifying before congress and offering a mostly upbeat economic outlook. however she says the housing market has lost steam and too many americans remain out of work. the department of transportation is declining to order a park it now order to gm, the agency rebuffing calls to advise owners of 2.6 million recalled gm cars to stop driving them until they're repaired. in a letter sent to ed war markey of massachusetts and richard blumenthal of connecticut, transportation secretary said such an action is not necessity time. ceos heading out the door. there have been 460 ceo departures in the first four months of the year, up 14% from last year. according to a new stud by consultants challenger, gray and christmas. most recent ceo departure was target's which was announced

this week. those are the hot stories right now on foxbusiness.com. still to come, your opinion is important to us of the at the bottom of the hour you sound off on what matters most to you. and where there is a will there's a way. one man shares how he came back after losing everything multiple times. there he is. and how he found his way to success. could be some tips for you. 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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>> yes, ma'am, she went back to work until i found a job 40,000

a year less than what i was making when i left my last job because i had to do something. times got so tough i ended up in bankruptcy in 1989. gerri: bankruptcy. that's got to be hard. i tell you, did you ever think you would pull out of that? >> i never really got disgusted about it. i was frustrated and disappointed i had to go through it. reality you can think about the things in your past or focus on your future. i elected to focus on the future and knew i could go back and do it again. gerri: what you eventually did, you started your own business and slow steps, you ran it out of your house at first but it grew and it grew and then you had this epiphany at what page that you needed to save for retirement? >> well i realized to save for retirement in mid 30s. i didn't do it until closer to 50.

gerri: maybe they lost a job. facing other financial headwinds, what do you tell them? >> i first thing you have to do is make a decision that you have to save. you can't put your financial future in the hand of one person. you have to put money away and i think along with tithing, paying yourself 10% and building a six-month emergency fund so you don't run into snag of borrowing money and getting rid of your debt. put 30% of your money into investment accounts, where doing that, in the process, read 10 pages of a good financial education book every day because you're going to read 10 to 12 books a year. then you will be passionate about investing instead of spending. you find your niche in the investment markets. gerri: love your advice. thanks for coming on. it was a pleasure meeting you.

i hope to get to hear from you again. >> thank you very much, i appreciate it. gerri: well, that is inspiring, right? well, we have got news for you. if you're a muni bond investor, listen to this, a popular investment in many retirement portfolios may not be as safe as you think. municipal debt, it used to be almost risk-free, right? a new report says government bankrupts and defaults are on the rise. what does that mean for your money. fox business's adam shapiro joins me for details. adam? >> you want to know which bonds from which cities and states you want to hold. this is important thing. this is a moody's report analyzing defaults on municipal bonds from 1970 to 2013. they are on the rise. there are only 80 of moody's rated investment securities since 1970. it is starting to pick up. you see that with places like, we have a graphic to show you, jefferson county, alabama. this was last year. detroit, you see some of these

bond being defaulted upon. the other thing that moody's study found, since 1970, the recovery rate, for instance in 1970. there was default, chesapeake bay bridge and tunnel district. gerri: i remember that. >> the people with those bonds got all of their money back. you get it back through insurance. there is lots of way. recovery, 70 cents on dollar. they got 100 cents on dollar. today it is averages 64 cents on dollar. gerri: lot of our viewers hold on to muni bond in the portfolio. important information and news. thanks for coming on the show. >> you're welcome. gerri: we want to hear from you. here is what some of you are tweeting me about the poll

question tonight. should millionaires be taxed to get rid of student debt? david tweets this. i can't even imagine how this is being con eptemplated. maybe rich pay off my debt too. tony tweeted this. i say no. i have three kid in college. their total debt is 100,000 bucks. whoa. kay writes on my facebook page, if colleges stop going up on tuition and making it so expensive to go loans wouldn't be so big and people could pay it off. why tax the rich to pay for other people's debts. i think she is saying don't. i'm not sure. we shouldn't tax the rich to pay other people's debt. joe says, not more. eliminate loopholes politicians promise to do for years. their tax rates are high enough. here are some emails. david writes in about student loan debt. the only way to end student loan debacle, indgovernment sponsored student loans. kids will be better off going to trade school and taking job with lower wages rather than be

saddled with loan payments and bad credit from not making loan payments. mark writes about the recent push to raise minimum wage. raising the minimal wage will not create more jobs. who said that was ever the goal. nothing the federal government does can create private sector jobs. we love hearing from you. send me an email. go to gerriwillis.com. coming up later in the show why banks are giving customers a breakup speech. millions of taxpayer dollars going to build bus stops. the latest way of how government is wasting your money, coming up. ♪ many of my patients still clean their dentures with toothpaste. but they have to use special care in keeping the denture clean. dentures are very different to real teeth. . . t is designed to clean dentures daily.

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we first reported on this story last year. officials are saying they are making 20 more stops like this one and claiming to save taxpayers money this time around. joining me, tom schatz, president of citizens against government waste who just pout out the 2014 congressional "pig book," an expose' on congressional spending. tom, welcome back. start with the bus stops, too delicious, one million dollar bus stops. do you think they will bring the price tag down 40%? >> i think you and other people around the media, groups like chew embarrassed them enough they were forced to lower the price. i don't think they would have done it otherwise. we did a little calculation today when we were discussing about the what to say about this. if they charged each rider about 2 1/2 dollars per ride they could pay for all of those new bus stops themselves. you and i are highly unlikely to ride on that bus, or the trolley they're putting in there as well. so why are we taxpayers from

across the country subsidizing they could pay for themselves? gerri: tom, we're showing pictures buts stop right now. reality of this thing you get rained on if you stand underneath it. it doesn't protect you, just like the basic fundamental thing you would expect out of a bus stop, super stop. once more, they have most metal seats. you saw them. well in the winter. they're cold and summer they are hot. design on this thing is horrible. what do you make of it? >> i think semen needs to give them couple blue tarps and throw up a couple poles and that should be good enough. gerri: i want to get to your book. because there is so much good stuff in this pork-barrel spending. we've got the 2014 appropriations bill. john boehner claims it is earmark-free. is it? >> according to congress's definition they're claiming it is earmark-free. citizens against government waste had our own definition for many years. we found 109 projects, $2.7 billion that is way down from prior years but we think some of those probably violate the congressional moratorium.

gerri: let's dig into these. you have some interesting ones. abrams tank, this is project even the army says it doesn't need. what is going on? >> the army wants to upgrade the tanks, delay it for three years. save $3 billion. members of congress where these tanks are being built and all over the country, want to continue doing what they have been doing. they have 2,000 of these tanks sitting idle in the california desert. i think this case the army probably has a good point they don't need anymore. gerri: unbelievable. talk a little bit about the christopher columbus fellowship. 150,000 bucks. you say it is one of the worst pork projects. why? >> it has been around for years. no administration ever asked for it. and in 2008, $600,000 was added by senator thad cochran. she denied it. but accounting in congress or identify the members members, 2008 through 2010 he had the greatest number

so maybe he did not do it but the track record is pretty pour on the year marks. gerri: salmon recovery? will save that. worth it or not? >> the department of agriculture believes that extra $50 million with simon fischer lobster funding but this is a trade-off when they add the of money to the appropriations bill. gerri: my favorite is the east-west center to promote better relations. what are we getting? >> i don't know if it is improved relations but that was the job of the state department. but it's even the us senator of the relation will continue the tradition of his predecessors. they used to have the north

south center they got rid of that. relations are better but east-west is there and earmarked by congress and the state department never asks for that money. gerri: but just to rub it and. here is the of video of a shrimp on a treadmill. of $500,000? what were they trying to do with this project? >> we don't know and i am sure there are others like that. one of the reasons citizens against government waste are still in business. and senator reid says he wants to bring back the your marks and i believe people thought that was over after the moratorium. gerri:. [laughter] now to get back in business. thank you. the day politicians stop wasting our money is the

biggest milestone known to man but we have the top five biggest pop culture milestones and they both make you feel ancient. number five. celebrating the 15th wedding anniversary? remember 1989 when many thought between the marriage of the soccer player in the would be a flash in the pan? >> napoleon dynamite is number four. the comedy was a cult favorite and it has one-liners and a unique defense that is still popular today. number three friends. 52 billion watched the series finale making it the fourth most watched in television history. number tarot 16 candles is turning 30? it is considered to be the first brat pack movie. number one. my favorite. prince and purple rain.

released 1984 he made his film debut and the soundtrack was ranked among the best in a music history. gerri: hopefully that did not make you feel old. my $0.2 and apparently breaking up is hard to do. why banks are breaking up with their customers. we will rob the details. -- have the details.

gerri: your bang can close your account even if you do nothing wrong. the red flag to shut you down.

gerri: you probably know that your bank can close

your account if you write bad checks but can they do it for other reasons that has nothing to do with your worthiness? a senior financial analyst analyst, welcome back. here is the message i am getting. having a basic account is a privilege. not a right? >> that's right. before most people it is about "risk and reward" that they face a lot of regulatory risk if there is nefarious activity happening under their nose. that is what they are on guard against. gerri: so they have the list of businesses if you were in them you may be shut down pronto. so dating services, a gun sellers, fireworks, koreans, long companies, what is the threat or coins? venetis back to the

activities that they are called with their regulators under their watch like money-laundering, proceeds from drug trafficking and illegal firearms sales. the reason we see this is because of regulations into effect after 9/11 that terrorists have used bank accounts used to fund terrorist activity. soil requires banks to know their customer. they have to do more documentation of holy war and there is a greater responsibility of them to keep their eye out and report suspicious activity. gerri: do you see a big number of them shutting down accounts? >> no. if the viewers are wondering if this is something i need to worry about. for if this is on the list to keep you up this is very

low. if he were not doing anything wrong you have nothing to worry about. gerri: talk about geography. because that plays a role and you could tripp of wire. >> this is the instance i lived in florida but i.m. in seattle for work. all the sudden i open a bank account in seattle and over the next few months eric is cash everything says that i lived in florida. that raises a red flag. not a legitimate business interests but suspicious activity. that is what the regulators have a close eye on. gerri: do they have to report that to federal authorities? >> they're already reporting transactions over $10,000.

so if there is a bunch at $9,999. [laughter] that is what raises the red flag to warrant further inspection even if it does not tripp the threshold. gerri: thank you so much. good to see you. we will be right back withch m my $0.2. 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. when folks think about wthey think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america. that, my friends, is everything.

and with the quicksilver card from capital one, you earn unlimited 1.5% cash back on everything you purchase. not just "everything at the hardware store." not "everything, until you hit your cash back limit." quicksilver can earn you unlimited 1.5% cash back on everything you could possibly imagine. say it with me -- everything. one more time, everything! and with that in mind... what's in your wallet? gerri: there is us a new man in town according to harry reid is the coke brothers charging the brothers are one of the main causes of climate change all that it -- just two guys to all that? we will let fox news respond from the interview earlier on stuart varney.

>> we will not be able to prove climate change for decades or even centuries. what i find a responsible is to blame certain whether evens on climate change is misleading. anything past the five day forecast is impossible. power res supposed to tell people one month or six months or as a decade or 100 years? >> she is so smart. to we have talked about college debt at 1. $3 trillion. the said letter warns solution to tax the millionaire is a nonstarter. she wants to tax the wealthy but this is crazy because even the loan burden will only encourage the education system to continue to raise prices.

very few things have risen in price like a college education up 74 percent over the last decade. that is set for the willis report. have a great night. ♪ neil: not just twitter but the whole market looks like terror. welcome everybody i am neil cavuto. a twitter is not the only one that goes back to the offering price less than half at its height. that is a pattern that is a problem. with a 50 initial public offerings that have been planned for even rumored about these are the ipos eight out of