sugar would embrace the future most expensive room in north america and twitter told us it may have a rolls-royce. >> coming up today lance armstrong back in the news hour of legal panel tackles the latest lawsuit involving tens of millions of taxpayer dollars. also the new way to fight fraud in realtime. one step ahead of identity steve. >> and celebrity chef has some tips for the barbecue. the wallace report starts right now. gerri: we begin with a new warning about the housing market is the bubble about to burst again? new figures show a perfect

storm may be brewing but for more i am joined by housing expert in housing economist with core logic. this is the great panel to talk to. i want to go over the revised numbers to stay home sales are in a decline by 4 percent with 5.2 million. so to get started is the recovery faltering? >> but we're now looking at another crash. we were not predicting a huge increase of home sales this year and a lack of availability with tight credit have slowed the buying patterns down a little bit. gerri: so the king and expectations that would be underwritten debt is down eight .7%. so the worse news for the

housing market as you like these numbers just how serious is this and what is causing the issue? >> it is not that serious we're still moving up and looking at five now it is an improvement. we're not back to the 8 million and we should not but the real reason and buyers are the first homeowners people are now listing their home for sale it is a disincentive to sell as a big source of demand. gerri: a very good point. home prices are expected to go up compared to 11 percent of the previous year. what should individual homeowners be thinking as a look at this combination of

numbers? >> right now if you are under water what you are looking at is time to a position of equity. you can afford to sell and buy another house. the combination of the of high student debt to make it difficult for millenials to buy homes a lot of the young adults are living at home. and keeping first-time home buyers out of the market. so those homeowners who would like to move up don't have anybody to buy the house they need to sell it is and to be amended driven in slow down.

gerri: we were talking about home prices in what is going on with the go-go market. look at san diego. falling 42% but rigo did 34 percent you can see similar trends in miami, las vegas, phoenix that were plunging but now coming back but none are back all the way. when you look at those numbers what type of interpretation? to rigo back at the 2006 levels or is that too high? >> i think that is part of the bubble the more normal time period is early 2000. actually those that have risen the most reduce the a big job bin inventory from the lower market so there is a virtuous cycle between the of walkout to be underwater

with rising prices to allow those people to come to market. also the affordability issue for first-time home buyers. it is down relative to wind year ago but it is still highly affordable relative to the early parts of the decade where it is the case may be too enormous? even still affordable with the fast-moving market. >> but one issue is not necessarily the of monthly payments but the down payment required. you need equity or don't have the financial wherewithal to make the down payment that they need in the tighter lending environment. >> that is a fair point sellers don't have the equity but first-time home buyers not having a downpayment has always been the issue. but the point is you can get

a loan at 5% or 3 percent down. there is availability it is more expensive but that is nothing new. gerri: a good conversation. talk about the way the numbers shape up tell us the so-called recovery in housing was pretty shaky. you read it the same way? >> i think the notion it was overblown. demand is weak right now for the reasons market and i have discussed. so this is part of the long and bumpy recovery it will take for the market to get back to normal because of the boom and bust cycle. we will see prices go up in volume go down and to move back and forth to a more normal level. gerri: thanks for coming on

to night. good to see you. good conversation. question of the day is the housing market about to crash again? log onto gerriwillis.com and boat. for one market to another choose stocks into uncharted territory with all three major indices hitting all-time closing highs. is a time to get off the table? clinics guest, eddy will advise individual investors all the time. what do you make dow's 17,000? should individual investors put meaning into a market level? >> that is a great question. you hear the headline numbers but it is meaningless what you care about is not the nominal number but the evaluation.

and stocks today that is how they trade looking at 2015 numbers stocks are still an expensive with 12% undervalued even with 17,000 does not matter what matters is it is cheaper. should people buy into the market? i had years of the geopolitical even ince that is why people should start to pull back if they have good gains. they should not get out of the market but some nice returns. gerri: it is hard for individual investors to way that geopolitical climate's. it is hard to interpret the data. isn't it better to have the asset allocation at the level you want to be all the time? >> that is a great point because there are gains pulled back to your

benchmark level. of viable have 75 percent in equities now you are at 80% you should rebalance back to the number. as geopolitical events you cannot forecast lowe's. you need to have your portfolio ready. we're the most confident people and the world because we can tell you what might happen but we don't know. we prepared for anything. gerri: where interest rates going next? if i space had an island somewhere. >> looking at the high net worth customers that you work with every day. they are concerned and have their worries. the name is the regulatory climate with gridlock in washington d.c. and the impact of the fed stimulus' focused on things that maybe not every petty but those are real worries for the market. do you agree?

>> these are the people that i deal with every day. but the stimulus and the burkett i think history will prove out i was correct but the stimulus and printing of money has not done anything for the stock market. but it has for the short-term rates. but what is relevant is the regulatory environment that we have been you have seen that with the gdp numbers. that is the most asserting number we're not seeing growth around the world and in the united states actually we're not seeing any and growth with the gdp numbers that could be reflected with earnings. individual investors need to look at earnings and interest rates. look at the headlines all data bong but valuations are based on the earnings of the company with a 10 year treasury.

gerri: who is not familiar with radio shack? falls below $1 what happens next? >> they are basically done. no one can buy them a mutual fund or an institution cannot buy them and they represent 97 percent of the market. radio shack is done i would not be a buyer and one day you will say they are selling off their assets they only have 60 million it is not a good situation. i think it will just go away gerri: the church is scary. >> go lot more to come. tweet me or e-mail or

facebook to tell me what you think about the show and i will read your comments. lance armstrong purses the u.s. government. he could lose a fortune if the government gets its way but is it legal? but is it legal? we debate the topic. when folks think about what they get from alaska, but is it legal? we debate the topic. they 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.

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gerri: the hits keep coming for lance armstrong for a federal judge denied his request to dismiss the government's $100 million loss due to alleged he defrauded the government by excepting sponsorship money you from the postal service while using performance-enhancing drugs. the next guests are here. lis wiehl, do they have the case? >> armstrong was defrauding the government year after year after year the u.s. not taking enhancements and he was. also to the people there on the team so they should have a jury decide. gerri: he says the postal service should have known? >> i said that is the kind of thing that you find out

not in the motion to dismiss the judge said i just don't know enough to say that the post office should have known because the question is the french did the investigation and cleared armstrong sufficient did the post office know about that investigation? what else happened was there a guy overseas did that impede? >> the bottom line is if you dismissed the lawsuit you blame the victim. they should have known. hello? is the postal service they did not know. >> do that once you have the facts. if three years after the end is blue though was sold the post office is laid what a surprise. >> that is a good question

with the statute of limitations. >> that is about the statute of limitations and should the government get to stop that totally? because they did not know. you want the government to have the incentive to hurry up and investigate. >> but if you have a good crop is not that easy. >> you don't have to like him to argue i am arguing but the government ought to follow the rules. gerri: but the united states postal service how were they harmed? why did they hire him in the first place? so it goes on and on every newscast tuesday the u.s. postal service and the logo. >> but the image was tarnished that is their

argument. gerri: the people blamed the of postal service for him taking drugs? >> absolutely not but they're arguing we have this guy who was to be a hero now they associated with the postal service. i am not say there are no damages but the statute of limitations is a serious one. >> it is the government they take their sweet time. gerri: it sounds like this will go on forever. generations will come and go >> it will be a long time and the judge let it go forward by here is what will happen they will settle this out of court. gerri: how much? >> they're asking 100 million maybe 20 million? >> i say it could be over

faster than that. they try to get discovery and we get the irs response the mails we cannot find those. [laughter] >> but then the money they have spent on lawyers is nothing. >> my little 20 million is nothing compared to the lawyer's fees. >> that is where it is. you have to wait and see what the facts are. motion to dismiss is a grand jury indictment is only the beginning of the process. step number of one. it is the big long road in civil courts. maybe you can say that is it they have good lawyers this is not over. gerri: he doesn't have all lots of public sympathy. we will have to wait and see

great job. later in the show get up pen and paper ready because celebrity shaft -- celebrity chef is year we will grow on the plaza of. joining us. and promising to roller you the melissa applies for credit in your name but will put an end to identity theft coming up.

gerri: if you are concerned about identity that the three credit reporting bureaus gave consumers a new

way to track fraud in realtime. trans union will send you an overt will somebody applies for credit in your name. for more, a great to have you here adam. is this a good product? to make any time you get the instant alert is a good product. gerri: it comes right to your phone. how did you take advantage? >> it is part of the credit monitoring program costing $17 or they may add to the uprising in the life lot as the problem like this also and this says credit monitoring on steroids but with the trans union version comes to your e-mail and a less that pops up on your phone you will know the second it happens they are developing a text version to me that is the best if you

can know instantaneously on your phone but you have to be holding up of phone. gerri: a buchanan sent us down to to your e-mail. how important it is time? bin mcadoo's critical. i really think with breaching what we see people go through it is beyond prevention but if it is monitoring and a critical version with damage control. because you can contact from the product than they will work with you right away. gerri: fantastic. there are 38 million fraud victims every single year. and it is getting harder to avoid so this is step number one.

other things as they should be doing? >> you need other arrows in your quiver but you also should sign up through the banks and credit unions for the free service where they will notify you by e-mail or text when there is activity on your account. a large percentage of the identity theft past to do with stolen credit card or debit cards. so you need to know the second someone is using your credit card or debit card that it is being used by someone other than you especially if you still have it. gerri: i did not want to pay the $18 per month for the of service but you said the somebody else might pay for it? >> the ultimate lead this is a service it should be a contribution bank created

with retailers or other businesses because we are in this together. this is called deputizing the consumer as parts of the process but because so many have been victimized we have to find a way to get business and government involved as well to help share the cost. gerri: i am worried to sign up by half to share so much information and would give them even more details. >> the truth is you are giving them everything they already have. gerri: but they're not always accurate. >> not all the time but the reality is they have the data and even if they are wrong it is better to be alerted that there could be a problem, make a phone call i would rather know and be wrong and not know and they are right. gerri: have a great weekend.

stories you are clicking on the of medical device maker says it was the victim of a cyberattack that it happened last year. starbucks has risen prices starting next week and by next month customers could expect to pay $1 more for the packaged coffee sold in supermarkets. the dow and s&p 500 closed at new all-time highs today hitting a 14 year closing high. this is the longest winning streak since the end of last year. and a mcdonald's is last in customer satisfaction the index rate poppet johnson and pizza hut at the top. coming up the u.s. women's open and in north carolina

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and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. gerri: u.s. women's open is under way in north carolina with a number of familiar names at the top of the leader board we are covering all the latest with hall of fame golfer and joins us by sky panda i should say. as a fiscal for with record riggings the first woman to score 59 in competitive play. always great to have you. i was there last week it was very hot we always wondered what course would be like

after the men trample all over ischemic it is equally as hodge but the golf course is in good shape for everyone was a little concerned but it is really good you can hardly tell the men's open was here before the ladies arrived. gerri: that is good news looking at the golf course itself it is beautiful. last time you picked lew wes what are the zero would been telling you. >> most of the ladies are loving us set up and it plays well and it is elevated it does not favor any one in particular bayou need to be sharp bomb the tea but the action is around the greens. i am watching them tackle the golf course.

you need is some imagination gerri: i thought it was funny the men complained and then the women get there and nobody complains. i want to talk about the 11 year-old who was setting new records. >> i'm happy with how i played. it is eight to over it is not bad but it is tough. you mess up all by a three ft. >> what is your plans? >> she is adorable. >> she famously said she thought it was not right for her to play the she was too young. do you agree? you have a daughter of might want to play. >> i try to keep in mind it is very hard to see your daughter at the age of 11. she loves to be there it was

her choice to qualify and she earned a spot. she is the fan favorite she brings a lot of color in her swing is pretty solid for 11 years old. it is great for her to be here. she is living her dreams and she can bring home memories. gerri: tiger woods announced he will play in the us quickened tournament so he is back. will that change things is an important he is part of the scene? finigan you mentioned golf you think of tiger however it is exciting but i look forward to seeing him come back in the biggest news recovering from his back surgery. we always want him to be healthy this is more of a warm-up providing key is warming up for the british open.

gerri: thanks for coming on and could plus we will compete with the men. >> always fun to be with you gerri: the golf industry stills tried to chip out of the rough of the recession but business is booming foreign next guest is company allows you to customize your golf swing and cannot keep their product on the shelf. the ceo joins me now. i was very excited about this. take a look at this. though "willis report" on the head of a driver? what are you trying to do? >> we're trying to give the call for the opportunity to customize the head of the driver the only part is not customizable yet you can customize the golf ball and thus a gripping on that pad this is the one place they could not to which and that

is the coolest place. word to you on wall street? >> we have consumer portfolios. gerri: how you go from that to this? >> i noticed is personalization and customization and i am also a creasy avid golfer. i love it more than it loves me. >> how do i combine the two? this is what i came up with. gerri: how many are you selling? and you have a new product. >> this is the brand new product launching 10 days ago a customize alignment aid exactly the width of the golf ball. we have all called egypt we

have already gone through all inventory we are behind and selling out. gerri: how do we get in touch with you? >> go to club brown stripe .com and order we add more designs more colleges every day. it is very simple just a matter of minutes to put it on. gerri: will you do this to my a driver? >> you can do which. it is easy. >> we appreciate it. more coming up. we will talk about barbara carroll we have great stuff and he will tell us about the best things to grow right now. right now. ♪ when folks think about what they get from alaska, they think salmon and energy.

but the energy bp produces up here jobs all over america. else a 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.

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>> welcome back the first day of summer is tomorrow when a better way than to do fire up the grill with todd english and i want to show your book the abc's of great flavor the previous cut books are of some. >> it was written in english >> people ask made the simple things that add flavor. this is the favorite marinade with fish or vegetables soy sauce and were sure sauce. >> so beautiful. i like a bedsheets.

-- the heat. [laughter] and then the little brown sugar. and here is the us saltiness stir that a. especially with inflation with food going up. >> it is a real problem. they call it a lesser cut but in my opinion is the best. the skirt steak is great to marinade. right before you go to work. marinates. >> this will be fantastic. >> i'm baby pushing the of corn for the season.

gerri: you put this on the grow? >> a little olive oil and salt and pepper then we will make this dish is indian. is greek yogurt. chopped red onion. very simple made ahead of time. so delicious. zero little bit of jalapeno if you would like. >> that is a lot. >> then add the yogurt. >> then put this on top of the stake? >> with chicken or fish or

alone if you are vegetarian. add a little bit more yogurts and it is ready to go. >>. >> ally will show you so grill quickly. >> this is in my book as well. >> just smash it up. and i love that. >> we made it sliders and sometimes fresh tuna can be expensive so it is topped with some mayonnaise. gerri: it is gorgeous. >> this is this.

gerri: how do give it to a big crowd? >> blood on of platter and say go to it. that can be room temperature with does not have to be hot you can make sandwiches. gerri: i am having one next week and did you go to all this work and you want to socialize the you try to do this. how would you do both? >> period then into the party for of everybody loves to help. they have a great time. it is fun. gerri: give everybody a job. and it is very simple and delicious. we'll come to the outside. >> what a beautiful day clap

[applause] gerri: the box looks great and i will use and next weekend you want to come? all kinds of stuff. and also a special thank-you to home depot. they provided the grill. why amazon may have a higher shopping bill for your family. here is your consumer gauge. we will be right back.

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gerri: amazon new phone bay be more like a cash register evidence piling up that it will have a higher shopping bill for consumers. you are familiar with this phone you have seen a lot with the people you have worked with have handled it is a the phone for shot politics? limit one of the most innovative features a dedicated button a physical but not just an end up -- not just application u.s. aid your phone to any object to will tell you if it is available on amazon, how much, where you can get it. think about it is a nightmare for other retailers but anywhere you are you could be in

someone's house of they are in a chair or a restaurant and you like the table setting. just where it is available and how soon it can be at the door. gerri: this is the end ron anderson and you also get a free prime membership? the mcfadyen is limited time. it is not whenever you get that but it is for right now and the first period yes. 12 months for free. gerri: will this sketch on or is it a specialty product ? >> the features are the shopping button that they call firefly and to unlimited free clouds storage for photos. we have never seen free and unlimited together. that is a game changer.

in terms of the actual phone itself is not in the same living -- the same league as the atc but it can hold its own. gerri: a cup colfax that amazon customers spent 55 percent more every year if they owe the amazon and devise so it seems exactly what they tried to do. so the amazon you get that 32 gigabit. >> visit bad but to what we see with other smart phones. what everyone was expecting that it would have innovative pricing that has been very aggressive it was a big surprise they did not try to undercut the competition.

>> are you a buyer? >> i have said with the iphone for a long time it takes more than eight buttenbaum i do like that photos george i take a lot of photos. gerri: they key for coming and for the explanation. now we want to hear from you. is the housing market crashing against? >> it has not recovered which is a prerequisite. >> we are living on borrowed time with is the economy's. >> vendor regulations andover evaluations and jobs will burst the bubble icahn. >> are you boyle to your supermarket? if you are not -- if your lawyer you have not shot

dead mother's simic in to raise the gas tax? >> no way. i want to know where the of money went. said the a and e-mail. we will be right back with the answer to the question of the day. stay with us. (mother vo) when i was pregnant... 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. (anncr vo) innovations that work for you. that's health in numbers. unitedhealthcare.

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>> we asked the question at the top of the hour whether the housing market would crash again? it could go down one more time and here's what you said. 67% said yes! that's shocking to me. 67% of you said the housing market is about to crash again. be sure to log onto gerriwillis.com for every question every weekday. the housing market is getting a black eye.

some experts believe the market could be headed for another downturn, if it does, i think it will be temporary. housing may be out of fashion because prices and interest rates are rising, that won't last forever. housing is still a good investment especially for people who intend to stay put for a while. and according to census data that's most of us. 12% of americans moved in 2012 and two thirds stayed in the same county. we're not big on big relocations. the real problem with housing is the same thing that's wrong with the jobs market. our economy is weak, we need a more robust economy to lift everybody's boats. that's my two cents more. monday, we are kicking off a week long special user's guide to summer vacation from last minute rentals to the best national parks. we'll help make this summer vacation the best one yet for you and your family. thank you for joining us. don't forget to dvr the show if you can't catch us live.

have a great weekend. "making money" with charles payne is coming up right now. good evening, 642 days after the terror attack that claimed the lives of ambassador chris stevens and three other americans, the u.s. government tonight has their first benghazi suspect in custody. ahmed abu khattala tonight aboard a u.s. navy ship in international waters on his way to washington to face terrorism related charges. the white house took nearly two years to order khattala's capture. fox news correspondent tracked down khattala in over a month. here is greg describing his off camera interview with khattala five weeks after terrorists