titan screens created zeus tv that comes in at massive 370 inches diagonally. to visualize the screen size titan created a rendering how it would compare next to an elephant. the large tv costs 1.6 million dollars. >> how about that? zeus, tv. this is fun. >> appreciate it. now time for cheryl in for gerri willis. looking at the impact of eric cantor's loss, what angle are you takeing? >> the economics story and are people voting with their wallets. new figure show alarming rise in the number of americans with diabetes. now more than one in ten of us have the disease. we're going to investigate the impact and cost on our health care system. the fbi launching a criminal investigation of va hospitals. vets will have more options for

seeing a doctor. . and the video game extravaganza in l.a., the makers of grand theft auto v are going to be here. middle class revolt. one of the most powerful republicans in government got kicked out of office by pop list newcomer. losing to economics professor dave brat. some saying it has few parallels in history. with us now to assess all of this university of maryland economics professor peter, senior correspondent at fox business, and analyst, michael. have you written that the economy is in a shambles and without wages, without jobs, without a housing recovery. do you think that that is what happened last night? people weren't voting against a democrat or republican, they were voting against the economy. >> there was an element of that. the leadership on both sides

have voted for bailouts on wall street where, jamie dimon gets 20 million dollars a year, the poor guy in eric cantor's district can't get a job paying 12 bucks an area. it's his agenda where main street ought to be, i think they voted no. >> charlie? >> i agree with that. class warfare is not a great thing for the country, you can understand the palpable anger on heem. i like eric cantor a lot. i know him pretty well. he's hardly a liberal. but think about it, he put immigration front and center, i know i have my friends at the "wall street journal" have told you about this, when you increase the number of immigrants coming in, you're going to push down wages particularly on the low end. that's simple supply and demand. >> or take jobs out of the economy altogether. >> how many people need to work at walmart? we have a problem with jobs on

the low end. this part of this is where is this guy's priorities. i think eric cantor was a good congressman. he is hardly a liberal but you got to ask where, is the priorities when wages are stagnant, all the stuff they profess. >> this is the question, michael, did they vote against their lives, this could be a real story for the midterms if this is how americans are feeling. they're frustrated. >> this is a large vote, it's not about specific things. it's against washington. immigration is part of it, the economy is part of it. when you look at the numbers, right track, wrong track, it's overwhelming, people think the county is on the wrong track. when you look at the distrust in government. the bigger government gets, the less people trust it. more people getting entitlement benefits but trust the government less, thing is a vote against washington at large. >> he spoke about the fact that people are sick of having d.c.

in their lives. he also told sean this, i want you to listen to the sound bite and i want your reaction on the other side. >> our founding was built by people who were political philosophers and we need to get back to that, away from the cheap political rhetoric of right and left. i ran on rule of law, property rights. i ran on immigration, i don't think those are right and left issues. i think those are just free market constitutional issues. >> you know, peter, i'm surprised he didn't bring up the right to bear arms in that sound bite right there. he's saying this is what i ran on, and many of these are the values of the republican party. so maybe that message was lost? >> they are the values of that district or at least the folks that participated in the primary, which i think is probably to the right of even many republican districts. you know that is a rather severe view. all i can say this man is not going to be an improvement over er

eric cantor and not going to measure up to him if he continues on that line. the world is far more sophisticated and complex than it was 100 years ago and 200 years ago, while i was not a fan of the bailout of the big banks, to think that we're going to go back to the world before the sherman act is beyond naive. absolutely beyond naive. >> you know, charlie, the world today, i mean americans are frustrated. you have a trillion dollars in student loan debt. stagnant wages, zero housing recovery. >> does that mean you throw out a guy that's experienced good legislator. >> but no experience. >> look at his record. eric cantor is a conservative. eric cantor would limit the size of government. eric cantor would put the paul ryan budget in there, eric cantor is not barack obama. and with all due respect, this guy ran a smart campaign in

this sense, he demagogued two issues, he demagogued immigration, eric cantor, when it comes down for it is not for opening up the borders. he's for allowing people to come into the country with advanced degrees. so he demagogued them on that, and demagogued them on wall street. eric cantor gets money from goldman sachs his wife used to work at goldman sachs. this no name to be put over the top, plus the fact that democrats can crossover vote. you have all the combinations coming into play. let's be clear here, eric cantor -- this guy is not improvement over eric cantor. he's probably no more conservative? >> to charlie's point, this is not a vote against the tea party it's against the economy. the establishment better be on notice. >> charlie mentioned barack obama. i think that republicans have

failed to concoct an alternative to everything obama is doing, so anybody voting in the republican primary is not in favor of president obama. what are the republicans for? this is a failure of mainstream republican leadership. they have not articulated a growth vision, they are trying to whittle down the president's proposals. that is the role of the legislature. obama is so far out there, so radical on so many things that the republicans have been ineffective in doing anything really on their own. >> it looks like they're compromising. >> like obama light. >> the fox news poll, here's what it said, the condition of the economy, here's what americans said. 28% think we're in a recession, 38% say we're in a downturn and 30% think we're okay. that's how americans feel and everybody sees this, peter, but washington. the establishment that charlie

mentioned. >> they are justified in feelings. since the beginning of the century the economy has grown at less than 2% and less than half the pace of the reagan-clinton years. one out of six adult men is unemployed and has very few prospects of finding a job between the ages of 25 and 54. the men are sitting at home watching espn. the economy for them is not in a recession, the economy is in a depression, and she's kinds of issues fall heavily in the kind of out in the country district that we find mr. cantor. he's not in manhattan. americans are upset and they should be upset. >> that didn't go over so well, either. >> that was the problem. >> and they don't ever get to see those place. most of these people, you've got people in his district whose kids can't pony up $1.75 for school lunch. lots of them. it's a depression. >> if you take the rest of the

numbers in the polls about president obama's approval on the economy ohealth care, on the va system, on the irs. he's pulling 35, 40, 42% approval ratings. if i'm a republican and look at eric cantor, i'm going to say what are you doing to stop barack obama? they think is fundamentally. >> you are right. it's not only that. president obama is toxic in the republican party and the leadership of the republican party because that's what legislators do, are working with him. think about that. they're not getting much done. >> they're not getting much done. >> but have to work with them. >> the bailouts. >> that republican voter is like it's armageddon. that is what we saw here, i think. >> because the bottom line is this, i will tell you this, eric cantor is not a liberal. a flatter tax code. the fact he has to legislate and deal with president obama, because that's what his job is,

killed him in this. >> peter, up theed to say something? >> i think it's important to recognize that this is the kind of district that cannot have someone in the national leadership because they will depose him. but there are other republican districts where people are a bit more sophisticated and realistic, where they're doing better. if you're in a republican district in northern virginia, a little bit out of 25 miles from the district of columbia, they are more prosperous and more likely to go along with a national leader that has to make the compromises. this district can't have one. that was cantor's stumble. he lost it. >> as i said earlier, if you don't have a job, for you, the county is in a depression. if eric cantor is your representative, you don't look at him as a friend or representative. he's representing the party, he's representing washington, he's not representing you.

it's not a matter of sophisticated or unsophisticated they are voting personal -- >> my dad was a reagan democrat. a construction worker who moved republican, because he didn't like what was going on in the late 60s early 70s. people forget there's a lot of working class people in the republican party, it's not the establishment. they are hurting really bad right now. >> if you talk to any younger person in this country today, and democrat, republican, they don't care. i mean what they care about is what their lives are right now. the millennial generation is suffering. if they go to the polls it's a game-changer come november. >> that's right. i don't think necessarily about the bailout, that was a long time ago. cantor survived elections since then. i think this is more about what is happening to the country in general. president obama's policies, and that he has not been seen as effective in changing the president and it's very hard to

get things done when have you one house and congress. nonetheless, that's the standard he was held by. >> this guy hit him with ties to goldman sachs. >> sure. >> peter, last word. >> win those young voters, you have to present them with solutions, obama is going to say about the student loans. positive agenda for growth that you can tangibly articulate will create jobs for people right now. >> that's exactly what they said last night and pretty much shocked the entire country. peter, charlie, michael. appreciate your time. great discussion on this topic, it has been a true game-changer. we want to hear what all you of think tonight. here's you on question for you -- will washington wake up to the needs and concerns of the american middle class? i'm going to show the results at the end of tonight's show for you. still a lot nor come during this hour of "the willis report" including your voice. facebook or tweet at gerri

willis fbn and i'm going read your comments. coming up, the health care crisis, diabetes, one in four americans don't know they have the disease. we're going to have the details of an alarming new report. you're not going to believe what the disease is costing the u.s. health care system. hi, are we still on for tomorrow?

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. cheryl: you may want to put down your fork and pick up your gym bag when you hear the next story. more than 29 million of us have diabetes. more shocking, a quarter of the people with the disease don't know they have it. joining us tonight is diabetes expert dr. karen, let's start with the health side of this. basically are we spending too much time online, not going to the gym. is that the huge number in diabetes and the growth today? >> there's a reason why we're seeing the growth in the people with diabetes. diet and exercise are two reasons why you develop diabetes. there is a hereditary part of it. you have to have a genetic predisposition to develop the disease but you don't develop type ii diabetes unless you are

somewhat overweight and poor diet. cheryl: 29 million of us having diabetes. that is a staggering number. obviously, there are many things we can do to avoid, unless have you type 1 which i understand is more hereditary. type 2, americans around dealing with the problem. >> we have to be accountable for our own actions, and diet, having a low-carb diet, keeping your weight in the normal range. cheryl: like a target weight. >> exactly. >> exercising do, something daily, and try to go to the doctor and get a test because if you can get tested early on, you can prevent the disease. your number 29 million. 86 million have prediabetes. cheryl: that is amazing to me. reduce stress? good luck with that. check your blood sugar annually. i was looking at the numbers, the cost of the u.s. health care system in diabetes.

this is from the american diabetes soesh nation. they say as of 2013, the total cost of diagnosed diabetes, 245 billion dollars for 2012. it was just 174 billion in 07. this is a 41% increase. >> yeah, and the big, big portion is due to the complications of diabetes. so again, we can do stuff to actually change the numbers. not only the incident, the prevalence of the disease, but the consequences of the disease. the problem with diabetes it's not a disease you treat with a drug or insulin, you can develop kidney disease, eye disease, two to four times higher risk of heart disease and stroke. cheryl: these are all the things that are taxing the health care system as we know it and preventable diseases, and we talked about this obviously during the health care debate. now there's more and more discussion about changing the

regiments for those that suffer from diabetes. what would you say the one solution would be? beside diet. what is the one solution that would affect this? >> as i mentioned, diet and exercise, something we tried for a long time. i personally think you have to be more accountable for the disease, you have to perform. you set up targets and have to perform. could this be linked to your insurance system as well. if you have diabetes, and you are at a certain range, you have to kind of stay there. cheryl: i was looking at the direct medical cost, 176 billion dollars. that's the number they came up with. there's got to be a way to reduce that. what is it? not on the patient, the health care system. we've talked about what the patient can do, what can the health care system do with the cost? >> what we can do to help the patients to get them to perform better. that is the doctors need to

have better performance. if we put performancemetrics in for doctors and have them do preventive care, that is something we can do. cheryl: this is something we're seeing american companies saying wellness programs for employees, get your preventive checkups. doctor, thank you very much for coming in. stunning new study. later on the show, we are going to head to the e-3 expo, where the ceo of take 2 who brought us grand theft auto shares what the future of gaming holds? and next, the question, how do you do that? ma we'll have the answers coming up. my dad has aor afib.brillation, he has the most common kind... ...it's not caused by a heart valve problem. dad, it says your afib puts you at 5 times greater risk of a stroke. that's why i take my warfarin every day. but it looks like maybe we should

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. cheryl: if you thought that hollywood was big business, listen to this. video games are $25 billion a year industry. that's billion with a b. one of the biggest annual events is taking place e-3 in los angeles. robert, tell us what's going on. >> i'm here with the ceo of take 2 interactive. you're talking about hollywood being big business, hit driven business is the video game business. thanks for joining us. >> great to be here. >> we saw the new consoles come out, xbox one now p s4. now grand theft auto is comes to the new platform. talk to us about what new and different for gta that may get folks to upgrade? >> great question with the

trailer we showed here shows off the incredible graphics of the next platform for grand theft auto and it's going to be a more populated universe with new characters, deeper characters, the whole experience is going to be vastly better if that's possible. >> you can bring your folks with you, right? >> yes, if you're playing grand theft auto online and upgraded characters, you will move onto grand theft auto for next gen, we continue to enable our customers to delight themselves. >> last year for the platforms alone, talk about franchises, you can see the sign behind us, talk about what goes into making a hit franchise and how important it is for your company? >> you always have to do something unexpected. four to one multiplayer game evolved, hasn't been seen before. it's unexpected and all big hits are different, they're not derivitive. i'm not going to tell you, it

hasn't been released yet, it will be october. attracting huge crowds and people have hands on play, and we can't tear them away. >> as your company continues to grow and expand, years ago, as you were taking the helm, this is a one hit wonder, you had only grand theft auto. now expanded to other franchises, you are predicting profit for the next several quarters, how does that help with you investors? >> greatly. grand theft autoso standard bearer of the industry. we had massive profits this past year and we're thankful for that and equally every year since 2007, we've launched one new massive hit. we hope do it again this year. we diversified release schedule. we were profitable last year, the year before we guided to profit this year and expect to be profitable going forward. >> how important is the streaming business for you guys as it becomes a competitor to

consoles? >> a great business, we're grateful for it and great partners in the business. >> sending it back to you in the studio. cheryl: partner is the big word on that one. coming up next, a major medical organization says it is time for president obama to take action. give veterans the care they deserve. is the d.a. on the path to getting privatized? details coming up next. so i can reach ally bank 24/7 but there are no branches? 24/7 i'm sorry- i'm just really reluctant to try new things. really? what's wrong with trying new things? you feel that in your muscles? yeah...i do... drink water. it's a long story. well, not having branches lets us give you great rates and service. i'd like that. experience a new way to bank where no branches = great rates. ally bank. your money needs an ally.

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cheryl: the fbi confirming it has open and said investigation following the nationwide scandal the american medical association is speaking out. to give veterans access to private care outside the

department. so is privatizing the answer? let's ask the resident fellow at the american enterprise institute and former policy adviser for medicare and medicaid services. >> they can do a better job it is unlikely to see this happen. they want to see the structure get additional subsidies. and especially for specialty services eupepsia higher level in the institutions. cheryl: bet you worked in the system were you satisfied? >> there were things that were discouraging. the thing that concerns me the most is to not have access but working across to hospitals but the v.a.

hospital we do not have the same technologies so we could not deliver the same level of care. cheryl: the senate just passed their version and to get more resources -- resources to veterans but it will not have more impact? >> it will go to personnel to reduce the zero great time but other things are lacking and do not provide veterans the opportunity. they will have to meet certain criteria under this bill. >> ama is calling for obama us to allow access for abundant care outside of the v.a. then make sure you don't ask us to provide for free or medicaid rate.

>> but to give the insurance card or the voucher that is what they do with australia. they did not address the financing scheme because that was a political issue many people like that structure. >> but we are spending a lot of money and that is a lot of money per veteran. cheryl: so you say to wipe out the teeeighteen hospital system becomes private then they get the insurance plan? >> but to handle certain services like rehabilitation mental health thethat the admins well but for the vast majority veterans could get better care because it is paid for if we are willing to fully pay for it.

cheryl: but the independent investigation found they spent 1.3 billion over five years for support in professional services contracts. >> probably allosaur services. there is a lot of ways to the system. you don't see the same degree of work effort. cheryl: i had a guest this week that said one of the bigger problems is the older veterans who served 50 years ago and they go in for things that have nothing to do with the recent war with is a controversial statement >> partly. people who go into hospital many have insurance but they will get their drugs from the virginia hospital but care outside those who may be on medicaid or medicare otherwise the virginia has

fully comprehensive benefits fully paid for but we should give them the insurance carr that wraps around to not pay the medicaid rates but a better benefit. cheryl: you will testify tomorrow about obamacare. thank you for being here. i appreciate it. but now we go to tennessee were the most extreme cases are experienced by veterans are reached tonight from republican congressmen what is going on in her state. so much to talk about. but with that assistance program writer/director say if you throw money at the problem that will not help. >> i think they need a complete overhaul. to look at what is happening inside those stores. and then turning the brave man and women away with

those extreme weight times. that the fda told him he needed the emergency cardiac procedure but scheduling him six months down the road we wanted to make sure he was treated appropriately. cheryl: that was one veteran but talk about with your district. we have several reports of the long wait times. i am from phoenix but new patients waiting 65 days before they can see a doctor? twenty-seven day says usa today you are probably not too shocked and you could change this? >> absolutely. it needs to be changed and we would not put up with this of the private sector. i am appalled when i of finding out about the national v.a. the longest in the nation and where we have

a high mortality rates one and in sixth of the nation and it is totally unacceptable. the fbi is looking into it but going back to my nursing career i would have been in trouble but it is just unconscionable should this be a real discussion? >> but the quality of care the money is out there but the quality is not this is a very disturbing issue that we have to get to the bottom of it. where's the money going? in a timely and efficient and quality manner. it needs to be overhauled all together. but if you wait more than 30 days you have the opportunity to go to a

private facility. i hope the senate will take that up. cheryl: what about a given the veterans a medical insurance plan to go to any doctor that they want? it does not have to be the v.a. facility? what about veterans in particular? >> but from my understanding heavily bet on the hill 3.five years but there were republicans who looked at this before in a veterans' group got upset because they wanted to keep this with the veterans administration and a hospital but we see this is not working if that is the answer and sees investigations to bring about.

>> were u.s. done that but as the rest of the country? >> we did not expected yesterday we had no clear. i don't think the congressman he then expected that. eric cantor has been a great leader and is very created and one help to bring the majority here in 2010 and he has been a good friend to me. cheryl: many sources have been telling fox business there is a lot of jockeying going on to replace him started last night. did you hear any of that chatter? >> of course once you hear there is of a possibility he may make that decision for the good of the party for the people here in congress that he would step down. with that possibility.

>> eight you very much. good to see you. >> good to be with you. >> we want to hear from you. here is what some if you are tweeting all day about the poll question. will washington wake up to the needs and the concerns of the middle-class? are you kidding? there once destroyed the middle-class. >> no. washington only worries about the stock market leaving a the stock's low which is killing of seniors. so therefore we will vote them all-out. it is a new understanding with the middle-class is. at the top of the show we talked about it on though willis report.

how to invest in real-estate without actually buying a house. we will be right back. ♪ ♪ i ys say be thman with the plan

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problems breathing while sleeping and blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell count, common side effects include skin redness headache, diarrhea, vomiting, and increase in psa. ask your doctor about axiron. cheryl: a housing prices on the rise you may be looking to invest in real estate without actually buying a real peace. how do do that? that is a great question. we're talking about the reit and real estate investment trust but what type? >> there is some lots out there today the funny thing is this market is exploding with all types of assets sectors and anything that

can be securitized. >> there are tax considerations to pay out in the form of dividends they have that dividends component that is what makes them very attractive. cheryl: that investment reached that owns properties and some do both? and want to put that out there. some that are hot to the you like the health care trust of america of medical office building icahn by my own medical office building? to make you are dealing with the aging population so the supply-demand model is there is the long term contraction they have to pay out income over long periods of time.

they are period overlong contractual period with that durable consistently predictable source of income cheryl: it creates on the new york stock exchange and then of 12% with the medical office buildings but also a senior housing. i cover real estate and i have been hearing senior housing is a top area of investment right now with the reit. >> it is a great pick the ceo of the company announced last week the acquisition of 2.5 billion dollars. this is not small many butter three large diversified reached with the $25 billion market cap. with a long period of time there up 10% on average so of very repeatable source of

income. cheryl: that aside to sign that 10 year lease this is one. >> real-estate in town is around 20 years they celebrate that in a couple of weeks but going back that durability they have pate and increased dividends so they have a very diverse in town they never drop below 96%. >> they had multiple recessions. >> america said realty capital partners but it is down 6%? >> they are another triple that reits they have a diver's platform they have had a tremendous amount of consolidation and they blossom from the

$100 million reached to a hundred $20 million so what it tells you is the way it is undervalued because of the risk coming integration integration, the growth they are buying red lobster 1.$5 billion worth of real-estate. cheryl: you said that what happened by the way. >> i did predict that. they definitely needed to make changes and that makes sense. it'll be interesting to see how it handles that. that is a lot of assets. cheryl: we appreciate your time today. up next we will examine the implications for the up / for new taxes on overseas public profit. we will be right back. i love to eat. i love hanging out with my friends.

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cheryl: potholes' and loopholes could one closing one held the other? tried to get american corporations to pay u.s. taxes on money they pay overseas supposedly that will go to fix our highways but now talking about how this would work it is rich edson. so why would corporations and agree to something like this? >> because they get to the 85% discount pahang on their taxes. the tax law is american companies on worldwide profit. so friend they paid the task -- taxes is the highest rate in the industrialized world so instead of 35% they will

pay 5% they would save money to bring the profits back to the devastating and taken to vintage then the united states would use that short-term shot to build highways. cheryl: do you think that would happen in would benefit corporations? give it multinational individuals or corporations make a business decision written is the lowest cost structure in russia they do business? they are leaving for florida in droves from the your candor jersey because of the high tax structure and governor perry going to california recruiting to texas. cheryl: but american companies many to have operations here in the united states to the government decides to legislate that is what will happen. >> clearly they taking

advantage of tax codes and the e.u. is upset about this i can do business here today is essentially less taxes it is a international problems u.s. is trying to get some additional revenue. cheryl: how much support is there? >> it is growing right now with the leaders of the senate we do have a little bit of video. take a decision. >> we should do a comprehensive tax reform we're the only country in the room but the highest tax rates the way we tax overseas profits encourages them to stay over there. the way to get those profits home to dedicate to a good purpose of is something we have had a number of discussions about. cheryl: but he said for a good purpose. you can bring some money back but we will spend it

over here. >> that problem is that a highway trust fund runs out of money next month and many projects will all fall because you have more efficient cars using fewer gallons of gas meaning they pay less in the gas tax also as americans drive fewer miles in tons of money to keep up with repairs. so this is something congress has to tackle their ability anywhere from money this idea came forward because congress as exhausted all other ways to raise taxes or cut spending elsewhere it is a one time shot but if you bring it back right now you get $20 billion over the next couple of years but because you lost out on a higher tax rate over a decade will cost the united states about $95 billion but others will

say we just have to reform the whole tax code looks like it was designed on purpose. [laughter] cheryl: if i a major u.s. corporation i am a rolling my eyes as of monday gras. they have had this discussion four years spinning they had a record-breaking revenue in five months $90 billion more this year over last year. where's that money? where did it go? why do we use the increase from taxes last year to get the money back in and have a clean slate to get jobs in this country? >> somebody asked eric cantor that question. we will be right back can you start tomorrow?

yes sir. alright. let's share the news tomorrow. today we failrly busy. tomorrow we're booked solid.

we close on the house tomorrow. i want one of these opened up. because tomorow we go live... it's a day full of promise. and often, that day arrives by train. big day today? even bigger one tomorrow. when csx trains move forward, so does the rest of the economy. csx. how tomorrow moves. 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. ♪

. >> at the top of the hour, we asked will washington finally

wake up to the needs and concerns of the american middle class? 5% of you said yes. 95% of you said no. shocking! that's why we talked about what happened last night. that is it for tonight's "the willis report." have a great night. charles payne is now.. charles: tonight on "making money," the biggest political upsets is the biggest economic story of 2014. house majority leader eric cantor's loss is a major blow for big government and big business and corporate america. and despite this session of the week, i love the way the markets are acting. we're going to pinpoint the real mood of the market. hollywood want lower taxes for one of the richest industries of america, hollywood! maybe this will disspell belief for the rest of the nation. while we're doing that, let's go make some money.