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tv   The Willis Report  FOX Business  May 17, 2014 11:00pm-12:01am EDT

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>> i'm ready. >> all right. >> oh, dear! oh, no! whoa. stay tuned for "across america" that will be on monday, anchoring "opening bell" -- gerri: i'm gerri willis. right now on "the willis report," summer is almost here and going to be one of the most busiest ever on roads. we have latest on gas prices and it is good news. also a surprise for consumers on obamacare. a new pricing rule that could cost all of us dearly. >> love it or list it. essential tips when you want to sell or renovate. we're watching out for you on "the willis report". gerri: bombshell from the national highway traffic safety
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administration. gm failed to report a ignition die tech in millions of cars. the smoking gun is unreported memo from a parts supplier that laid out the problem. regulators slap gm with a maximum fine of $35 million. is it enough? joining me two people that should know. we have former nits at that attorney and we have a lawyer for family of people who died in crashes of gm cars covered by this recall. alan, start with you. you were in enforcement in nhtsa. are you surprised by their action? did it go far enough? >> this is about as far as nhtsa can go. nhtsa's authority for civil penalty is only $35 million. the department proposed legislation that would increase the maximum civil penalty to 300 million dollars, which is directional ally correct. even a 300 million-dollar penalty might not be enough to deter a huge corporation like general motors seeking to avoid
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expensive recall that could cost $35 billion. this is rounding error to gm. >> that's right. i looked at it as a matter of fact. profits for gm. 20 billion. 35 million-dollar fine, ouch but it doesn't hurt that much. what would be appropriate disincentive for automakers to get them to report these problems. >> good afternoon, gerri, good to see you again. they're talking the wrong language to gm. gm can basically print money and will make 35 million before this segment is over. what think need to do convince someone at gm, if you do this, you will end up in an orange jumpsuit and you will be looking out through jail cell bars. that is the only way to assure that this does not happen again. gerri: bob, is saying that we need some criminal penalties here. alan, you said it as well in the past. but are criminal penalties against gm likely to happen?
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>> well nhtsa doesn't have authority for that. the department of justice on the other hand, recently reached a, settlement with toyota that involved $1.2 billion penalty and arsenal that department of justice used was the anti-wire fraud statute which is a criminal statute that people can go to jail for. imagine if you're a gm executive in 2004. should i do the recall if it costs 100s of millions of dollars. if i don't do it, nhtsa won't ever find out, maybe we don't have to pay the money for it. but if that same gm executive said, if i don't do this, i might go to jail, i could behind bars, you know what that means? i can't use the corporate jet! i at this it will make a difference if those individuals could go to jail. gerri: well, i think you make a good point there. ii want to dig in a little into what gm did wrong. that is what came out today.
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the smoking gun in this case, it was a memo from a parts supplier, continental. it was from 2009. bob, this was never reported to nhtsa. that is the issue here. this is how they broke the law. this is how gm broke the law. they failed to report. how much time do these companies have to report problems? a year. two years? this thing was back in 2009? >> they have days. as soon as they're made aware of the issue they have days to let the government know. keep in mind, people will forgive a car company if they discover a defect and address it honestly an quickly. what no one can forgive is what happened here. it takes, it takes this question back to what you started with and what good is nhtsa if we have to wait until the department of justice starts to act to seek criminal
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allegations. if you have $30, that would be three menpies in to you same as $35 -- million dollars to gm with 30 billion cash on hand. my thoughts on nhtsa are strong, gerri. that it is antiquated and it can not any longer be expected to police these international billion dollar companies. they just need to blow nhtsa up and start over, design a company that can make sure that compliance occurs, and that folks like my clients won't lose loved ones while this defect is being buried. >> you are representing many, many people who were hurt in these cars. i want to play the sound from today's press conference because it was pretty shocking actually. the transportttion secretary anthony fox, talking about why gm is in such hot water with federal regulators. listen to this. >> we know no one is perfect. but what we can not tolerate, what we never accept is a person for a company that knows danger
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exists and says nothing. literally, silence, can kill. gerri: silence can kill. alan, that sent shivers down my spine when i heard it. but it doesn't have a big impact today on gm itself. what is the impact of what nhtsa had to say? is it anything more than a fine, if you will? >> there are other provisions besides the civil penalty of $35 million. gm was supposed to making structural changes and how they considereddand reviewed defects and expedite the process. they were supposed to coordinate those changes with nhtsa. if there is cultural change that will come about, of course that would be a good thing but time will tell whether that is really going to happen. gerri: bob, we mentioned before the suits you have against gm you are representing a number of folks who say they got hurt with these cars. we know there have been 30 teach
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deaths. gm has said that as well. what does today's revelations, what does it mean for your cases for your clients and do you believe there's a whistle-blower in this case? >> there could very well be. my clients today expressed to me that they're outraged about the level of fines that was levied against nhtsa. nhtsa has an additional power they chose not to exercise which was disappointing to every single one of my clients and that is, they can order gm to instruct their customers to park these defective cars until fixed. you know, keep in mind the defect by their own admission could happen at anytime. if it does happen, those in the car, or those driving around in the car can be hurt or killed. and that is something, i feel extremely strong about and so do every single one of my clients. they do not want to see the loss that they had to feel and deal with occur to the next person
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tomorrow. gerri: thanks to both of you for being on the show tonight. and i just want to mention before you go, we asked jeff boyer, the head of general motors safety division, the newly appointed safety czar to come on. gm declines. thanks for being on both of you. >> thank you. >> good seeing you, gerri. >> thank you very much. and if you're planning on hitting the road for memorial day weekend, brace yourself for some serious traffic. aaa expects the number of travelers to hit a postrecession high but the good news is this. gas prices will likely go down, putting more money back in consumers pockets. here with the summer forecast is phil flynn, senior market analyst from the price futures group in chicago and fox news contributor. phil, welcome back to the show. >> thanks, gerri. gerri: is it a good economic signal that more people will be on the road? >> either that or the entire country has gone stir crazy after this winter. i have got to get out of this house, i'm telling you. they wouldn't leave their house for six months. gerri: that's true.
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>> no, i think that is part of it but when you look at the consumer confidence number, usually gasoline and consumer confidence are really inbred. if gas prices fall down, people feel better about themselves. when prices go up it really hurts them. i think one of the reasons why consumers lost a little confidence was because those gas prices did go up. there are other reasons obviously from day-to-day seems like the consumer mood is really dictated by prices. so a big break in gasoline prices which could happen may make them feel better. >> phil, i have to say other things are going up in price even if some folks believe gas prices are going down. here is the forecast from aaa just to share with our viewers. holiday traffic congestion, this isn't people on the roadd just people clogging roads, up 25% from last year due to better weather and economy. help me undeestand, phil. the expectations of gas prices go down, more people on the
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road, how can those two things exist at the same time? more demand, lower prices? i'm confused. >> well, what has happened here we got through the summertime switch on gasoline prices. usually every year you put on 10 cents a gallon during that switch-on some years it is more and some years it is less. 10 cents a gallon can be contributed to cleaner burning blend of gasoline. other thing we have here u.s. refiners can really kick up production. we can now produce more gasoline in this country than we ever have before and refiners have expanded production to take better advantage of this crude boom that we've had in this country. so unlike other years we used to scream we need to build more refineries? to meet growing demand now the refiners really are increasing that production and meeting demand better than they ever have before. gerri: so, is it the increased production, increased inventories that is going to drive prices down this sumer?
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that's your outlook, that's the out look for aaa. >> yeah, i think it is. the shale gas and oil revolution is really going to help put downward pressure on prices. and demand situation in the u.s. is not as strong as it might been a couple years ago. but the other, obviously the other wildcard is the cost of crude oil. you know, one of the things that could go wrong with this forecast, if the ukraine situation really heats up, if we see a cutoff of supply somewhere on the globe we'll see a price spike but barring that or barring a bad hurricane, we really are in an era where gasoli prices are going to start to fall. i said this before. the dynamic for gasoline is changing. and that's a good thing because that's going to gift economy a boost. gerri: a boost. >> i'm a lot more popular when i talk about gasoline prices going down than when they go up. so i'm happy. gerri: i wonder why. put you on the spot here mister. put you on the spot. >> yes. gerri: 3.65 a gallon for rec lar
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unleaded. where are we going? >> i think could see by memorial day down another nickel on area. you want me to go crazy so people can get mad at me if i'm wrong? gerri: yeah. >> some parts of the gasoline we'll see gasoline below $3 a gallon, probably someplace in this country, midwest or gulf coast or 2.99 or 2.98. not in big cities. you will have to travel t find it. smaller cities you will see gas below $3 a gallon. fly there, rent a car, fill it up. >> road trip. road trip. you will be stuck in traffic because everybody is going on same trip. 30% more people traveling this year. "planes, trains & automobiles." >> i think we're cooped up. i think you're right. we're seeking a little relief. phil, thank you. >> thank thank you. gerri: we've got more to come this hour, including my favorite thing, your voice. we want to you join our conversation. so during show you hear
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something you like, you don't like, facebook me, tweet me, me, @gerriwillisfbn or at gerriwillis.com. we love to hear from you. next new report shows housing starts are surging but is this report built on a house of cards? weil break it down next. ♪. at delta we're investing billions of dollars,
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if you're looking and apply to buy a car,t this??.com. now is the time and truecar is the way. just go to truecar.com to lock in guaranteed savings... without negotiation. thank you! happy memorial day weekend! >> new report shows strong housing numbers in april but they may not be what you think. john burns is with us. housing starts were up 13.2%. i was excited. but you dig in the numbers are not as positive as i expected. do you agree and tell us why they might not be that exciting? i agree. the crazy swings are always due to multifamily construction. that is what this was. get seasonal adjustment and get a big number. it was weather-related. communities got started in march
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were started in april and there you go. single family starts were up 1% where we thought it would be. gerri: single faming housley market can't get started. you talk to folks a lot of time in your survey, a lost homebuilders. what is the outlook given what they're telling you? >> we talked about 250 every month. we talked to 50 last week and they, this year was a bit of a disappointment in compare to last year but all in all we think the industry will be up 10% year-over-year. last year was up 18. so people were hoping we would be up another 18. it is not going to happen. it is really, there has been so much discussion about entry level buy buyer not being there, that is true. construction volume is still more to the supply chain not being broken. gerri: what do you mean no. >> well, the cities have gotten more difficult to deal with. they're part of the supply chain. i hear even in texas it is tough to get communities open now.
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all materials providers are raising prices because they're not in capacity at their plants of the labor just isn't coming back to the industry. people think of this as unskilled labor but there is some skill involved. gerri: sure. >> they have to train people and get them going. frankly they need to pay them better too. during the downturn they cut labo rates dramatically. they need to come back up. gerri: very interesting. so it's a combination of regulatory problems at the local level. >> right. gerri: but also sort of systemic problems in the industry itself. they had to cut back so dramatically in the past that ramping up now is far more difficult. tell me more about what you see for the balance of the year. i know you've got your outlook for the region and for california. >> right. gerri: is there anything that could give this market a rocket booster assist, so people first-time homebuyers could really get? >> yeah. we've got 10 offices all over the country. i was just in atlanta last week. it was atlanta builders complaining about getting things
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titled. you didn't think that was going on in atlanta. the real upside to this would be economy taking off which is really unlikely. there is a lot of pent-up demand. and bulls talking about a million 1/2 household formations next year. i just don't see it happening. it will happen in the apartment market first and not happening in the rental market. so, you know, could be strong job growth. i don't think even falling interest rates are going to make a big difference. i just don't see a huge upside. that being said, we're talking, our forecast this year we'll be up 10% over last year terms of it volume and up about 5% in terms of price. that's a great year. we'll take that every year. gei: that's a great year especially when you compare it to where we've been. before you go, please tell me, i know some markets are red hot, some markets not. tell us about how this market is very mixed. >> so northern california, anything communable to silicon valley is on fire. anything communable to bellview or downtown seattle is on
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florida. actually southern florida, naples market which slows down in april, we were just there, the market is really strong. go up to the northeast, the exact opposite. it was just starting to join the recovery. we're actually finding that the job market is starting to slow substantially all throughout the northeast. and midwest is a real laggard. and phoenix is actually st up too far. we're calling it a hockey stick market. it went down too far. it went up too far. now it is going through a bit of a period of adjustment. gerri: john, great information. thank you. >> you bet, gerri. gerri: we have a news alert for you now. a top official at the veterans affairs department is stepping down. comes amid a firestorm over long appointment waits, falsified records and even deaths at va hospitals since we told you over the last few days. undersecretary robert petzel announcing his resignation after being grilled by a senate committee yesterday. whistle-blowers, including a former va physician allege wait times up to 21 months for
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appointments were covered up and put on a secret waiting list. they claim at least 40 veterans have died while waiting for care. petzel announced in september he planned to retire this year. we will keep on top of that story for you, believe you me. coming up later in the show, an unwelcome surprise for consumers regarding obamacare. are you getting swamped with requests from friends, coworkers, family members, they have things they want to you do for them? you have no time for yourself? next we answer, the question, how do you fix that problem? how do you do that? how do you say no? ♪. asked people a simple question: in retirement, will you outlive your money? uhhh. no, that can't happen. that's the thing, you don't know how long it has to last. everyone has retirement questions.
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is all ready the brand ofstate the year.d berkshire hathaway home services. good to know. gerri: are you overstressed, overtired, overworked, overscheduled? is it
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gerri: just say no! i'm not talking about drugs tonight. we're talking about that endless to-do list. so how do you say no? that is our how do you do that this evening. joining me the ceo of and founder equalibrium.comm this is online stress management app, i have to tell you i'm so glad you're here tonight. i'm getting some relief because it is friday. but we all feel the stress build. you make this very interesting point i think is absolutely true. you can make you describe this. you say it is fashionable to be busy. >> gerri, busy is the new black. everyone wants it. everyone looks good in it but really how much is it doing for us once we put that on? gerri: you have to be able to say no at some point, know your limits and stop competing with everybody in the room.
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is that what you think? >> that's right. i think so. you have to find your internal measures. when you get to the point where you're equating ambition and success with doing, with being busy and going non-stop, you have to really rethink and look internally for your own guidelines. gerri: i have to tell you in new york here, it is all the rage. women who are, they have got kids, they have got a job, running a charity, on and on it goes, they do some things and some people are really good at it and some people are not. what are signs of an overload? >> i think when you're in a chronic state of busy, then it is almost like, imagine, putting your foot on the gas when parked in a parking lot. sooner or later your engine will wear out. when you're feeling that way, it is time to take a step back and start to reevaluate your priorities. you know there is a lot of talk about balance. but actually, in our lives today, balancing, constantly,
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rebalancing is what is going to save you. gerri: have you been down this road yourself? >> absolutely. it is a busy, you know, working wife, mother of two. working woman, running a company. it is non-stop. you know in our cult you are busyness is almost like a badge of honor but you have to kind of put it aside and define it for yourself. gerri: what did you find when you were overly busy you were doing? when you couldn't tell people no, what are the kind of things that happened to you? >> i you have to define, what you have to dos define for yourself, whether you really need to be doing something. whether it is someone else's idea or you think it makes you a more successful person to be in at every meeting and soccer game and be a great mom and leader but redefine your terms. gerri: you have to analyze and ask yourself what is the hard questions. >> what is driving you to do this? a belief someone es, what you think everyone thinks you should be doing?
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get, doing what you need to do and show you that don't need to do more. gerri: then you feel guilty. come on. i feel real guilty bit. how do i avoid the guilt? >> we can help that. you have to get to the emotions and understand whether there are warranted or not. are they really, when you're guilty are you really feeling like you're letting someone down, are you really or just in your head. gerri: a lost thinking to do. a lot of thinking. mequillibirium. that is the website. >> thank you. gerri: take a breath. keep going. we want to know what you think. here is our question tonight, do you find it hard to say no? log on to gerriwillis.com. vote on the right-hand side of the screen and i will share the results at the end of to night's show. we have more to go. los angeles clippers owner is refusing to go.
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had. gerri: argues thinking about this? you have to go to ruin your house because of economic times and this decision to sell your house is not as clear-cut. should you stay or go? here to discuss if you should relocate or remodel we have power goes year from http i have been looking forward to this segment all day long. i will start with mike. look at the numbers people making the choice to remodel right now instead of by. his there pent-up demand?
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>> yes. interestingly prices are going up. inventory remains low and if you look at the economy numbers people are not making any more money so i do think they stay in place and choosing to do more renovations then we have seen in the past. >> i completely agree. they can put their own imprint on the house said now that they are more eligible people want to stay gerri: how would you make the decision? if you renovate or five what is the calculation or the numbers? >> it is pretty difficult but i will be honest. it is not just a miracle. first, look at your price per square foot to get somebody to call on in to renovate your house and i know she is really expensive also the price per square
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foot to buy the house how do those compared? but then other things is when the math is fuzzy like school district, your current house versus the new house is there a house that you want to buy out there? will new over upgrade and make it better than everybodyyelse of the block? gerri: that's is one of my questions. what is the right to mount? how far shoot you go? some people become dull white elephant on the block. >> i agree. so people over investing and cannot turn a profit if they decide in the future to leave the house. if you put a hole into a wall at least have seven through $10,000 in the bank. that is a base price.
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gerri: how do you come to that decision of how much? is a bit in addition or renovation? >> in 2005 at the top of the market people over upgraded because nobody saw a an end so you have these house is a middle-class neighborhoods with amazing upgrades with marble and appliances but they never got their market back one dash their money back as the market crash. so looking at where those upgrades are compare yourself to the properties in your neighborhood. gerri: where people would be looking and shopping. you have to see these pictures before the renovation. we also look at home-improvement speing is declining. the after is so pretty. how much you make for that?
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>> that was over the top. the home owner wanted to redo the bathroom it was close at 60,000 because we had to complete the update the floor. >> every remodel always ends up costing more. i can tell my clients this is what we get the house for a and they know that. attend thousand dollar remodel is always 30 grant. >> absolutely. [laughter] gerri: you will agree that costs are out of control? >> take the project there was no way for the homeowner to know that those joints were spending too far. you cannot look below the wall so be prepared for what you cannot see normally that will cost. gerri: so what really gives you a bang for the buck? had republican thousand dollars to work? >> updates in the kitchen
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are huge comet cabinets, flooring, i don't know if there is one perfect space it is case by case. if your roof is falling off to that before your kitchen. gerri: so many renovations are not very successful. it is hard to do to make the addition of luck parts of the house is not over pay for it to. >> if you look at two sides to give the homogenous feel is hard to get after it has been built. that is why one of the new reasons buying a new property makes sense sometimes. gerri: do i have to hire an architect? >> no. find a contractor who is competent. if you want to go that route absolutely but i just a plan plan plan plan plan. gerri: so your $10,000
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renovation is 30,000. [laughter] great to see you. into now here is what some of your posting on facebook do you find a hard to say no? >> there are times when the word no is necessary. do what you can to keep stress at a minimum. >> yes but i did really try it frustrated my husbandas spending the majority of my husband's helping other people. he causally told me i've learned -- needed to learn to say no. >> are you steering clear of gm because of the recall? >> i definitely am staying away. i own one of the recalled cars they have profit over safety when i had to rent-a-car i refused a gm vehicle. >> i love my a arcadia i would buy it again.
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we must support u.s. companies paul have recalls. >> there is not enough money in this country to make me buy anything from government voters. the i would by the yugoslav makai just traded in my sierra for a ford. fordid not take a bailout and i was having electrical problems with the gmc. gerri: apparently that is common. if you have a common-sense it to me at gerri@foxbusiness.com starling is refusing to go. we will examine the options of the nba. here it is your consumer gauge. all the members in one place. we will be right back. we unlimited cash back. let that phrase sit with you for a second.
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gerri: donald sterling strikes back. "sports illustrated" said he refuses to pay the 2.5 million dollar fine and is threatening to sue the nba. does he have a case? we're here to debate is with our legal eagles. >> absolutely not. this is crazy pushes it this far. he made those horrible comments but to have some sympathy with his apartment. but then more and more statements now he doesn't pay the fine? are you kidding me? >> but the statements were racist and he is set to lose almost everything. >> to put it this way you cannot defend what he said so he has to move away from that. if i was his attorney the
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battleground is before the board of governors for all of them are very well be subject to private conversations that could be tape and exposed. >> my point prefers we did have some ssmpathy okay. that was that that was my only source of sympathy. >> but to sway the other owners he basically has to make this about the process of having privacy invaded not that it is okay. if you can get past that then i will advise him to make a larger nation to the naacp and try to make some amendments which he is running into a brick wall. >> are you kidding? that is so transparent. >> if i was representing him >> no. paid the fine then tuesday i will take this through litigation? she is not controlling owner
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she has no rights. >> the team goes back to the league and they sell its but they get the money. >> response. sterling apologized to anderson cooper. >> i am a good member who made a mistake and i am apologizing and asking for forgiveness. am i entitled to one mistake after 35 years? i love line began my partners. it is a terrible mistake. i will never do with again. >> he has to take the position the courts is out. before the board of governors is. gerri: that is entirely different senate that is the agreement he made when he bought the team. >> which he has not done. >> he waives his right to go to court but he can say he was victimized. >> he was the victim?
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>> in private conversations he said this and not on tv. >> but that is the point. when we started the segment i felt some sympathy because he was recorded and edited is a two-party consent states but then he made interview after interview were he excoriated himself. >> has been handled poorly but i've what was his attorney to have this adjudicated i would say any of us could be privately taped to be made to look bad >> then national television and made iworse. gerri: if he sells the clippers he will make a ton of money. >> he is. and doing defense lawyers stuff you cannot have a a fire sale. he will not make a ton of
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money. >> the league will sell its allied of valuable property he bought it for 12 million. >> not everybody in their mother is lighting up. oprah, and everybody else. >> but it cost $1 billion for the application free. >> that's it is a perspective. >> they will drag on for a long time that has a lot of money. >> key is to let them drop. [laughter] >> that was awkward. and coming up just because you don't have obamacare does not mean your wallets is safe. why the administration latest decision to leave everybody with the giant bell. stay with us. up. a short word that's a tall order.
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up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. predibut,ted statesre is a pretty difficult thing to do. means advanced technology. we learned that technology allows us to be craft oriented. no one's losing their job. there's no beer robot that has suddenly chased them out. the technology is actually creating new jobs. siemens designed and built the right tools and resources to get the job done.
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sleep number's even got an adjustment for that. crazy? only if sleeping peacefully with your soulmate is crazy. you can only find sleep number at one of our 425 sleep number stores nationwide. (and) right now all beds are on sale. yep, all beds, starting at just $649.99. know better sleep with sleep number. gerri: the latest obamacare surprise. the white house giving the go-ahead for new cost-control. health plans can now put a dollar a melanin on expensive procedures like a knee and hip replacement. now from the manhattan institute, this is called reference pricing. dave will put price tags you cannot go over 20,000 or 30,000 for the big ticket items. is this a good idea? >> one of the most significant free market
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introduction we have ever seen since the law was passed it could be revolutionary. gerri: this is something that will hold down the cost of obamacare which is something that has been spiraling out of control. >> we have talked so many times your choice of doctors and hospitals is restricted. the insured negotiates to do this for $10,000 if you don't you're out of the network but the way reference pricing works is the assurance says here is the $10,000. take that to any doctor if he takes it then go to canada charges 15 did you are responsible for the extra 5,000. gerri: as a consumer that is what i don't like. i do like to cap the cost but i do think this could be a problem because it could
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come out of my pocket. >> but the cost is already controlled either way. if it is a less choice of doctors that is worse i would rather have 20 doctors instead of 10 and negotiate to get me the price i would have paid any way. from the cost control standpoint it is the same butted it expands the choices that the patient has. that is why they do it because they feel the pressure everyone complaining about the narrow networks of doctors and if the alleviate that problem this could be a very important development. gerri: another detail is that section 5,000 that comes out of your pocket that does not apply to your deductible you just have to pay its. how is this the benefit? i thought it was supposed to reduce cost and it seems not >> it is not reducing costs
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for people in general but not because of this particular feature. the fact that insurers are creating different types of planes with a narrow choice of physicians and a free market you would have that and have more for the broader choices if you want to stay at the ritz-carlton rotterdam the marriott you pay for that. that is how we should be. gerri: one end of the altman unintended consequences is we get more information on what things cost. >> that is more true under this system because the hospitals didn't have to tell you but now they do because you will have the $10,000 to give them and they will say it or charge you more and that data is available we will know what hospitals are charging. gerri: two sets the price? >> just like a computer or a phone there will be a market those high-priced hospitals
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have to decide we want to charge less to meet the consumer or keep the price is high a and see who comes? gerri: if there is a hospital not charging 30,000 but they soon will be? is it that the unintended consequence? >> that would be if the d.c. government but because it is the insurer that would not happen because of it is clearly true they're willing to take less money than the insured it can reduce the price and that brings the cost and premiums down not only with individuals but taxpayers are saved a lot of money. gerri: i guess that would be a good thing at all wanted to come out of my pocket. thank you. we will be rrght back with the question of the day. the question of the day. do you find 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?
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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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is all ready the brand ofstate the year.d berkshire hathaway home services. good to know. i got more advice than i knew what to do with. what i needed was information i could trust on how to take care of me and my baby. luckily, unitedhealthcare has a simple program that helps moms stay on track with their doctors and get the right care and guidance-before and after the baby is born. simple is good right now.
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(anncr vo) innovations that work for you. that's health in numbers. unitedhealthcare. 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. gerri: so you want to do it all, right? learning to realize we're taking
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on too much takes practice and planning, so do you find it hard to say no? we asked the question on our web site. 21% said, yes, 79% said no. why do i think the majority of our viewers are men and that's why the answer is that way? be sure to log on for our online question every weekday. and here's our kicker story tonight. you want to live like a recluse? what if i said the recluse was a billionaire? now do i have your attention? because the one-time retreat of billionaire aviator and film maker howard hughes is up for grabs. look at this. luxurious estate in lake tahoe comes with a $19.r5 million price tag. it's really pretty. it was built in the 1920s for nevada's governor, and hughes bought it from the descendant of the duke of wellington. hughes died back in 1976, but the current owner who bought it in '95 has kept many of the original features. the house has four bedrooms, and
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they can do that. for all the her hermits with cash to burn, a secluded swimming area. that's it for tonight's willis report. thanks for joining us. we'll see ♪. john: it's wedding season! this year three million americans will promise to stay together. >> forever! forever! forever! >> or not. >> married only four months our divorce lasted 6 1/2 years. >> this is how i put gas in the rolls-royce. >> okay, here she comes. john: they keep getting married. >> you may kiss the bride. john: and spend lots! >> my god. >> so pretty in pink. john: before the wedding, we're told to spend money on diamond engagement rings, how else would two months' salary last forever. marriage is the union between a man and woman. john: that's changing.

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