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tv   The Willis Report  FOX Business  June 15, 2014 10:00pm-11:01pm EDT

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media why i left abc and happily came here we're liberals and conservatives are eager to debate. that is our show china. have a great weekend. we will see on monday christine lagarde. >> our top story tonight, chaos in iraq and its effect on the world economy. we will bring you up to speed. radical islamist insurgents have been terrorizing northern iraq. on cents in april to help the iraqi army. the air force is now conducting airstrikes against insurgent positions. and that the white house today, president obama ruled out sending american troops back into combat there and said it will take several days for the u.s. to intervene. let's get straight our panel tonight. with us now, author of dancing
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with the devil. so in just a moment we will bring in retired u.s. air force colonel patrick leahy. he will be here in just a moment. but first i want to start with you. we heard from the president today. what did you make that the white house is not jumping into action as many thought that they were this afternoon? >> ultimately the concern is that the president is considering all options and in syria he has been doing that for three years. but there's a real western. we have been caught flat-footed and it took us by surprise and it's questionable whether we really have the intelligence to use the drones and use the jet fighters in order to target the flags from the back of their humvees. cheryl: their aim is to create this new nation, the combination
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of syria and iraq. doesn't destabilize? >> and has the potential to do that. if you look up this in the dictionary, this could be it right now. it is a complete panic. we saw prices run of the way they have last couple of days. you are getting people talking about five and 6-dollar gasoline and i just don't see that happening. everything that is happening is more or less in the northern part of iraq. or the export capabilities are out of the south. so we also import about $300,000 a day. cheryl: so you are saying that there's a little bit of an overreaction here. that is fair enough. patrick is here.
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as you just heard them say that maybe this is a bit of an overblown situation, you were awarded the bronze star because of your work in baghdad. which is the beginning of the iraq war, the war in iraq. what did you make of what you heard today? >> i think that we show that we are in a big crisis right now. the country is concerned and we are seeing the beginning of the end of this regime. we are seeing the end of the structure that has governed iraq for the past 60 or so years. and that has become a huge issue. because right now we don't know what comes next. i think it's inevitable that the regime is going to disappear in the wake of all this. they will certainly be getting support from the iranians, which has sent some of theirorces and to protect baghdad. but i think at the very best what we can expect is that iraq is going to be divided into probably three different countries and one that is
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divided between the sunnis and the shiites, the two countries there. and then you have the critical area in the north. who knows how the terrorist groups are going to make that structure work. but one of the big things and part of this is that they are going to have so many different possibilities leading up to in this particular case. and it's going to affect not only iraq itself, but the entire middle eastern region. it's really a dangerous situation right now. >> barack is reaching out to the iranians for help. and then we hear the president say today that he basically -- we need time, and he has already said boots on the ground, someone that spent years in the region, how do you feel about an action that has done to the morale of the troops?
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three i think it has adversely affected the troops. we see a president who doesn't realize that he has hours to decide and not days. and that is the problem that we have. this is a serious issue that will result in the collapse of the regime that we have supported. and the fact of the matter is that once that machine goes, we are going to be a cascading effect not only of the people that on all of those areas and it makes me feel very sad that the situation here this point and we haven't really stepped up to the plate to save those that actually put their lives on the line for the u.s. forces. cheryl: michael rubin come i want to play a sound bite and get your reaction. here's what the president had to say. >> so far we have not seen major disruptions in oil supplies. but if, in fact, they were able
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to contain control over major output and significant refineries, that could be a source of concern. cheryl: what is your reaction? are concerned seems to be a reality. group is very close to baghdad now. reporter: two main concerns, the main oil export facility, 70% of the resources are in the south. and if you have isis doing this, from which they're only about 25 miles per hour away, that could send it away and then we are talking eastern saudi arabia. but if the regime or what comes next can reassert control, then you have a situation where they are indebted to a wrong. so when it comes to regulating opec and setting the price of oil, iraq is going to be much
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more firmly in these hands than it is right now. >> if you look at where the top oil reserves are in the world, a combination of the two, does that change and could we see a new world order? >> i really don't think so. the u.s. production is on the rise and it's probably about $3 million a day more than what we have been when this operation iraqi freedom started. in addition they are talking about nine to $10 million per day. we now produce more than we import and so it's not necessarily something that we are worried about his dad. >> that is another discussion, hopefully that will change things in this country.
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so overall with your experience in the region, how long and how worried are you about what we are seeing in iraq. it seems like we underplayed here in this country and the caught investors by surprise. >> i think we have underplayed it quite a bit, as he you said. and i think that this is really the one event from a military standpoint that was the nightmare scenario even as far back as its 2005 in 2007 we first started seeing the kinds of civil disruptions and civil wars that plague iraq for a time being. and that ended with this awakening. the problem is when the ended, that was the support of the sunni elements for the lead forces, that is a great period
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way that iraqis could of got themselves together. they chose not to come in because they didn't do it end they did not do that, we have a situation now where the u.s. has basically run it down the drain and we have a situation where the iraqis themselves have proven that they are not willing to overcome their sectarian differences. and because of that, it includes a big issue for the islamic world as a whole. and if it caves in to the sectarian strife, we are going to have a serious issue of instability not only throughout the middle east but throughout the entire world. cheryl: is that the way that we would with draw troops and 2011 was a disaster. those were your words. what would you do now? would you recommend the united states do? >> i think we should keep all options on the table. it is not wise to preclude the use of ground troops. i understand why the president said he did not want to commit
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to ground troops and to placate basically the american electorate. but the problem is that the enemy watches and they believe that we will not put ground troops in and also that we won't act with any convictions. we have to convince them otherwise. so the first thing i would do is a fine strong action to we stop them in their tracks and then work for a negotiated settlement to get him out of power and get him back to where we can work with it. including diplomatic and military means and those are the areas that i would concentrate on right now. cheryl: do you think that the president has the wherewithal to take actions that the kernel just described? >> no, i do not. i do not think that obama has come into office understanding that american power has been the proverbial to chaos. whether it is in the south china sea, what we see is president obama not understanding that the military keeps peace, it's not
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about war being a choice. cheryl: think you'd for your expertise. we really appreciate it. okay, a lot more to come this hour, including your voice. during the show, send us a tweet and give me your thoughts about iraq or any other topic that you are watching right now. and at the bottom of the hour i will read your comments. coming up next, only one real choice before for a tablet. the ipad. but why apple should be afraid of samsung's new tablet coming up next.
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what is your initial reaction? [inaudible] >> i don't think your microphone was on. go ahead and repeat that. >> i think it's a life compelling exciting tablet that is really going straight after apple. i think that it's a good entrance, 399 for the 4-inch model. 499 for the 10.5-inch model. they are both slightly thinner and lighter than the ipad air. soon i am on the inside looking out and it's very interesting. >> yes, if you want to get even thinner, this is slightly similar. these are powerful tablets and
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they have high-resolution screens. and so there's a number of cases here besancon had leapfrog apple. and they had a little button here. that is actually a fingerprint reading. so right now, neither apple nor amazon has this yet. you can unlock the device and you can also login. it's connected to paypal. and so it works and i tried it traded out. and again, we talked about this dream, it's gorgeous and has the
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2.1 megapixels. so that is actually better than the five megapixel camera. it is basically comparable to the amazon kindle fire hds. it's one of the things i wanted to talk about is that we should not forget a lot of the discussion here is samsung versus apple. but amazon is in there slugging away as well. and so it's almost as thin and light as some of the other devices. >> for 499, 399, and this is a .9 inches size, and that comes in under both the ipad air and the san -- samsung galaxy. cheryl: everything is on icloud
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now. it seems i'm doing the same thing and asked them if you have your entry system, if you have google, google drive from you can have all of your files and everything there. but there's also the idea of the ecosystem. so if you have a variety of samsung devices in doing a phone, they can work together and that is pretty powerful. so if you are sitting there on your lap, in your living room, if your phone rings in the other room you can basically pick it up through the tablet. cheryl: it's good to see how they sell. there's a lot of hesitation about it. >> they are coming out in july, 16 gigabyte models and end up it
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is something we can be directly with us. so we are going to see a lot of that parallelism where they do this and we do that. that samsung has a call to action for apple and you're going to have to raise your game. cheryl: thank you so much. it's great to have this viewer supported. and general motors issuing more recalls and will this help the victims in court? we will have our legal experts coming up. and they are young and educated and dead broke. but when will we see a solution that will work? ♪
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>> as lawmakers grapple to find a solution, millennial sirs outgoing. is washington completely out of touch with our nation's young people? a millennial is here. we have the editor in chief.
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>> we have the average student has about 30,000 dollars in student debt. their proposals and the student debt crisis, they are not seeing a lot of action but they are seeing a lot of local posturing and the president did not get an executive order for student loans recently. and elizabeth warren's bill failed in the senate. this is nothing more than a tax increase, which is what a lot of this is. cheryl: what do you make of the talk out of washington? >> well, exactly. the wealthier that they are, they play the savers because they have the political the ones that they are demonizing and i
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want to play a little bit of that. >> yes. >> hillary clinton was thrilled when she came out of the white house. [laughter] >> i feel bad for her.
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and it would be an interesting way of trying to bring to life students that are facing real issues and the students didn't buy that either, they kind of laughed it off. cheryl: millennial's are dead broke. i was looking at this wells fargo survey that came out and we are looking at it. 56% of millennial live paycheck to paycheck, four in 10 are overwhelmed and five and 10 are not saving anything for retirement. so it seems to be a really dire situation. >> estimate is a dire situation.
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i think that survey, i read it and 23-year-olds are living paycheck to paycheck or that the reasoning is they are saddled with student loan debt and mortgages and credit card debt as well. so if that is the case, our universities need to be teaching the courses so the kids can live in this. cheryl: according to the u.s. census bureau, 43% jump in the amount of students getting their masters. in the middle of the debt crisis, the amount of masters degrees have gone on. >> this is a conversation that i have regularly. so they say what is next. twenty to 24-year-old have over
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11% unemployment and what they will tell me is, i'm just going to go back to school. and that's not a solution. >> ivories a little over $5. so i hope that with the then imminent. maybe she can buy some roman numerals about. [laughter] >> thank you so much. >> and you for having me. cheryl: the following another story. gm putting more cars on the recall list. coming up, a panel of legal experts examine if this will
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cheryl: if you own a camaro, you might want to think twice before getting behind the wheel tonight. gm is recalling every camaro built since 2010. that's over half a million of those cars are in the problem is the ignition switch. how much liability are they talking about? here to help us answer the question, i am joined by our legal team. welcome to both of you. >> another recall. do they sit back and say thank you? >> it depends on what side they're on. you know, and i think that gm has been careful to say this is not the same kind of problem. but in this instance, they are saying that here we are being
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proactive and not waiting for car accidents. except it kind of is the same problem. so it's the exact same result. >> if your need is this key, and then the airbags will go off. there are no power brakes, power steering, it's basically just a rolling tank. >> so we should say that so far there are no deaths related to this. and does that give them more power? >> well, not necessarily. they figure that they are going to have a lot of lawsuits and keep the subject on the front
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page. whether there will be this or not. and he will set up criteria. it's a voluntary program and easier in the sense for the claimant and the lawyer. there are guidelines in place and so you have to show what was lost or let the stream of income be the person that has this loss. so it's an expeditious way to deal with it instead of having to go on and on. cheryl: michelle, first you, would you tell them to settle and walk away? and have a life, or would you say that this is worth fighting?
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>> it seems to me that gm is at the point where they are willing to open up and admit to other wrongdoing. they have this open a port from the attorney that they hired. all this information and lets you see how faulty it is. taking on a lot of responsibility. and i would really want them to just, you know, open up their book and face the hard questions. i really want to see executives on the stand. >> we didn't always get an answer that we depend upon. the other site, is the expeditious nature. or you have a claim, but you don't have to prove liability, but you prove how you were her.
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>> and you have to ask the client as well. >> let me ask you this. when we look at the future in the way that they will be fighting, the criminal aspect being investigated by the government, but what about this? we've had 15 executives fired. >> typically when we have these lawsuits, no one goes to jail, no judge likes to put a white collar criminal in jail. and i know that this doesn't necessarily fit that kind of profile. but do i think there's
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recklessness? yes, there's a lot of it. when you look at a rest and you completely ignore it, knowing what the damage can be, then that is truly a risk of serious and substantial harm and then you just completely ignore it. these are not uneducated people. they know exactly what they were doing and what harm it could create. >> this is something that is just heartbreaking. and i think the issues that you really have to have intent on the criminal context and i don't know that they actually have that intent. but i think that is a lot more reckless. >> i submit that putting a faulty switch and is reckless. cheryl: i love it when you guys argue. thank you for being here on the show. we love to hear from all of you on how you are handling this.
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it's friday the 13th, so far it's been a good day for all of you. and anyway, we will have a renowned psychic talking about why some peoples bill believe in superstitions. do you still believe in superstitions? that is the question tonight. here's what some of you are saying. mark says no, because friday is the happiest day of the week and nothing is going to ruin it. and robert says facebook page, i am a naturalist and recognize the stars and its effects on human the human body. okay. and it says that absolutely not, i have no problem walking under a ladder holding a black cat in breaking the mayor. okay, coming up, on wednesday is sunday and i bet you're getting
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ambushed with things that dad would love to have. coming up next, the worst gift you could give dad. my dad has atrial fibrillation, or afib. 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 ask your doctor about pradaxa. in a clinical trial, pradaxa® (dabigatran etexilate mesylate)... ...was proven superior to warfarin at reducing the risk of stroke. and unlike warfarin, with no regular blood tests or dietary restrictions. hey thanks for calling my doctor. sure. pradaxa is not for people with artificial heart valves. don't stop taking pradaxa without talking to your doctor. stopping increases your risk of stroke. ask your doctor if you need to stop pradaxa before surgery or a medical or dental procedure. pradaxa can cause serious, sometimes fatal, bleeding. don't take pradaxa if you have abnormal bleeding or have had a heart valve replaced. seek immediate medical care for unexpected signs of bleeding,
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and may have surface pores where bacteria can multiply. polident kills 99.99% of odor causing bacteria and helps dissolve stains. that's why i recommend polident. [ male announcer ] cleaner, fresher, brighter every day. cheryl: right now you're probably sick of watching television segments of what to do on father's day. we thought we'd have fun and show you what not to buy or die. joining us now. you have some of the most interesting gift ideas. what are you saying are the worst is for dad? >> spa services. some people say they are going to give their father's spot services. maybe a facial.
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something that's a little bit more comfortable for dad. >> okay, there are some pretty bad gifts out there. so let's show our viewers what they are. number one, novelty underwear,. >> those crazy things that you really don't want to live, you know, tickets as well. boy band tickets. >> grooming products. >> well, again, it's the same way with mother's day and an episode of what not to wear.
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>> it's not like i'm going to give my dad some rogaine. [laughter] >> you don't want to give him deodorant. you want to give him some really nice stuff. something he's not going to buy for himself. >> again, you know, i think you'd probably be thrilled. barbecue grills are going to be 52% cheaper at the end of the summer. >> so it's more of a financial decision? >> i think it's time to change the record. showing that you made the decision at the very last minute. >> okay, good point.
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thank you very much. well, an online travel giant of priceline, looking to expand services. here we have fox business's lori rothman here. >> speaking of food, open table acquired $6.2 billion from its a really big deal for priceline, going with personalization, globalization earlier this week. advertising local jobs. so this is therefore way into really trying to get down with what you do on an everyday basis. but our first job is actually to internationalize open table.
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>> i think a lot of people are kind of scratching their heads. and it has to be that money and open table makes a lot of it. so the restaurant pays a dollar. two dollars for an open table reservation. but there are some competitors out there that we want you to watch as well. google, owns saget, guilt will also be affected. cheryl: you always wonder how they make their money and if this is the right kind of combination. but always and this is a huge boost. >> definitely good in terms of the stock price. we are also watching stock prices as well. they are offering cheaper deals,
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so there's actually more potential there. >> obviously they can get a better deal, they are going to go with that. cheryl: thank you, joline. well, coming up next, i mentioned it earlier, it is friday the 13th with a full moon ♪
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[ gl ] my dad, he makes underwater fans that are powered by the moon. ♪ he can print amazing things, right from his computer. [ whirring ] [ train whistle blows ] he makes trains that are friends with trees. [ train whistle blows ] my dad works at ge. ♪
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cheryl: a full moon is rising. three variables converge. the moon phase and the day of the month. and even savvy wall street traders. so why is friday the 13th scariness? well, let's ask our wall street sidekick how to use your power of your mind to get what you want. i like the power of your book. >> it's so ingrained in the consciousness because people repeat it and repeat it. they lend money to the kings then all of a sudden they had too much power and they decided to get rid of him so great killed him on october the 13th
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and that is how this whole friday the 13th started. >> all of these centuries later. it's funny that you bring up this issue of money. >> we talked about it in the market. and i also know a wall street person at mocks onboard. and they feel very serious about it. and i think that we are ingrained by habit and by five and so we think, oh, my god, something is and have an end something well. if enough people are thinking, something well. >> if you look at this with the market performance.
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how does it perform. and the dow jones has gained this on average. and they are not taking the same kind of risks and so maybe i should wait. so it might put a cause around it. but i don't think that they are more superstitious than anyone else except to say that it's kind of a club of people that have liked thinking and we are all subject to want to not chase in turn take risk that we don't have to. >> also the full moon causes erratic behavior and usually you'll find more of this than a
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full moon today. >> it was a very frenetic day from what i could sense, there was like a hysteria today is not normal for every day and this was particularly noticeable to me and. >> and so yes, they have normal problems like everybody else. >> this whole conversation about superstitions, i don't walk under ladders, and my producer said he won't step on cracks.
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>> that's really important. i also think that there is some truth to certain decisions. when a person dies, glasses off and break. that happens because it does. and if you really think about it, dogs bark and all kinds of signs for us and superstitions go in both ways. they cause us to think it may cause us to react. that they are something to pay attention to. cheryl: i can't wait until it is friday. >> we want to know what all of you think. here's our question for you tonight. we will come back and answer right afte
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♪ yeah, girl ♪ you know, i've been thinking about us ♪ ♪ and, uh, i just can't fight it anymore ♪ ♪ it's bundle time ♪ bundle ♪ mm, feel those savings, baby and that's how a home and auto bundle is made. better he learns it here than on the streets. the miracle of bundling -- now, that's progressive. . cheryl: for the first time in nearly a century, there will be a full moon rising tonight, friday the 13th, the
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superstitions of the two phenomena are very real. are you superstitious? we asked this on gerriwillis.com. 83% of you said no. be sure to logon for our online question every weekday. there is nothing more distressing than a lost child which is why one connecticut woman became alarmed when she heard someone screaming daddy over and over again near a school. after a quick search, the woman found the distressed caller. it wasn't a child. it was a large green parrot in a nearby tree! animal control was called but the officer wasn't able to reach the parrot. it was 25 feet up the tree. the officer was forced to call the fire department. firefighters were able to chase the parrot out of tree and bring it to a local shelter. the parrot which was named ralphy talked nonstop through isordeal, he can say hello, and
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what? ralphy was reunited with his owner chris, or daddy, he was screaming for daddy.with all of, good evening, everybody. the voters in virginia's seventh district gave the national pundit triand the team a surprise that not one of them saw coming. college professor ousting the seven-term congressman and the leader in last night's republican primary in a vote that wasn't even close. the congressman was beaten by an 11% margin after never getting closer to 11 points in any poll during any point during the campaign. congressman kantor's pol

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