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tv   The Willis Report  FOX Business  June 24, 2014 5:00pm-6:01pm EDT

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"the willis report" is next. hi, gerri. oil prices dipped down slightly in the u.s. does that mean relief for the pump for consumers? gerri: unfortunately not. we'll tell you why gas prices may hit a six-year high over the july 4th weekend. thanks for that. coming up today on the show. congress finally does something good for consumers. more freedom for you and your smartphone. also problems at the va go well beyond long wait lists. a new report says, chronic mismanagement cost 1000 vets their lives. after a string of accidents recently, how safe are small private planes? we'll investigate. "the willis report" where consumers are our business, starts right now. gerri: we begin tonight with the escalating crisis in iraq. extreme sunni militants sweeping the country, pressuring your bottom line here at home. up to 300 special forces from the u.s. will be deployed in iraq where officials insist
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today they haven't given up control of a key oil refinery in the north. but as fighting continues overseas, aaa is forecasting record high gas prices here at home for independence day travelers. covering your wallet with patrick dehaan, seniorthe troll yum analyst for gasbuddy.com. welcome back to the show. aaa says we'll get highest prices in six years over the july 4th holiday weekend. do you agree? what is your forecast? >> i certainly think it is within the realm of possibility that gas prices across the nation continue to slowly edge up. the difference between this year and all the year we're talking about prices being lower, prices are headed upwards right now. this is the time of year when we generally see prices continuing to decrease. that is the big difference here. not that prices are so high. really the fact that this whole iraq situation kind of killed off any decrease in and now we're seeing prices go back north. gerri: i saw a six-month chart of gas prices.
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not pretty. it just goes up and up and up. >> oh, yeah. gerri: how do you think consumers will respond? do you have an outlook, an actual, you know, dollars and cents estimate of where prices are going? >> well, we certainly do have an outlook, although with one big caveat. that is, obviously with the situation in iraq continuing to unfold, any sort of major event is going to have an impact. but the national average it likely nearing its peak for 2014. keep in mind that caveat with us. but then in the later half of the summer, july, august, prices should moderate and come down of course especially if analysts are correct, meteorologists are correct, that hurricane season will be quiet. that will play another active role determining prices. if there are not really any hurricanes to speak of, we could see national average back into the 3.50s or so. that would be 20 cents lower where we stand today. gerri: so many elements playing into this. you make a great point, patrick.
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another thing we should talk about, we talk about the national average but that is not reality, right? prices are very different across the country. can you dig down a little it about, give us a sense what is happening coast to coast? >> well, certainly. if you're along the west coast right now, there are some refinery hiccups along the west impacting oregon and washington motorists as well as those in california. prices have been sailing higher in those neck of the woods. so if you're in the west coast, not really a good time. if you're in the great lakes, prices likely to jump here tomorrow, back up to close to $4. the midwest, rest of the midwest, mid continent, gulf coast seeing lower prices. east coast isn't doing too well. it's a period of relative quiet outside of midwest and west coast. july 4 prices should hold somewhat close to where they are today if you're in those areas excluding the west coast and the midwest. with you keep in mind hurricane season could throw a towel into any predictions we talk about here. obviously it is very difficult
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to say what is going to happen. last few years one meteorologist said it will be a busy year. it has been a quiet one. this year is another one you want to think that it is going to be more active because they're forecasting it to be less active. >> don't know. >> a lot of moving cards here we're trying to forecast at the same time. gerri: like trying to forecast middle east violence, right? you don't really know what will go on there and that remains an open question as well. we just showed your chart, your map of the entire country where prices are highest and lowest and tell folks who saw that, the red parts of the map are highest prices. the cool colors, the blues, those were the lowest. there it is a again. you get a real sense what is going on across the country. west coast high. parts of east coast especially population centers high. i have to ask you, patrick. price per barrel goes down a little bit but gas prices continue to go up.
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why the disconnect. >> the snags average is such a slow monster to move. there are parts of the country that have gone down. you throw in for example, california refinery issues. that is pulling the national average back up. a lot of reason why we're seeing the disconnect is that retail gas prices generally take a week or two to catch up to any change in oil or whole say gas price. this is a very slow moving average that is yet to reflect that areas have caught up to it. but in the coming days and weeks if there is not a new disturbance in iraq to talk about the national average may actually show some relief some that average, keep in mind, 140,000 different stations are up almosted into that. it tends to be among a very slow number to change. gerri: well, we would love to see it come down, that's for sure, patrick. >> absolutely. gerri: gas prices input into everything in the economy when gas prices to up, so does everything else. patrick, thank you. >> thanks, gerry. gerri: from prices at the pump to prices for your phone, a rare
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display of bipartisanship in congress resulted in a win for consumers. i know, shocking. the senate may vote thursday on a new bill allowing you to unlock your smartphone. a similar bill already passed the house. what this means is you have greater freedom to switch providers without buying a new phone. here to help us adam lashinsky, fortune writer and talk about this issue and what it means for you. adam, is this great news for consumers as we're saying? >> i would say it is very good news for consume he. the latest in a long line of good news for consumers starting with number portability, the ability to take your number of your phone when you change carriers to what apple did in 2007, breaking monopoly of the grip, that cell phone companies had on the phone to let consumers for the first time put their own software on the phone. now this. which will make it easier if you decide you want to keep the phone but not your carrier, to take it to another one.
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gerri: also you can sell this phone, now? right, that is part of this legislation. this isn't something that people were able to do before. let this make a big difference to consumers? >> i think it will make a difference to consumers. older phones lose value pretty quickly. kind of in the ways that cars do but they, you know there are a smaller ticket item to begin with. you know, it used to be that the cell phone carriers had you locked into a exactly what you're going to behavior was going to be with the phone. this will make it a little easier for people to do what they want with their phone as opposed to what the carrier wants them to do with their phone. gerri: there will come a day when you can shop for your phone and shop for your plan separately. is that around the corner? do you think prices will actually go down? >> you know, it is funny, prices of course, prices for phones in the united states couldn't be less, right? as many people know in some, many cases they are actually
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zero depending on what you're willing to do, what kind of contract you're willing to sign. gerri: want to lock yourself up for 50 years. >> that's right. and never use another one. this doesn't say anything by the way about what will happen with rates. rates are very high. it is very expensive to use a telephone. and, with the mergers that are going on, there aren't that many carriers anymore. just because congress is making it a little easier for me to leave my carrier down mean that the other guy is going to charge me any less. gerri: all right. so it is kind of, some good news but you would like more. here is what the folks at consumers union who publish consumer reports say. in this competitive marketplace we expect all carriers to be responsive to what consumers want, rigid lock-in contracts with bundling mobile phone with wireless service could become a thing of the past. what changes do you expect to see in the marketplace? as you mention there has been a ton of consolidation.
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sometimes that means people get frozen in their habits and things don't change that much. >> i think you're absolutely right. i don't expect to see this pricing model change quickly and that is because once you train consumers not to pay for something they're very, very reluctant to pay for it. so in other markets, in other parts of the world people pay full price for a phone. which is, hundreds of dollars. then they, then they go and get service for it, do what they will do. americans have been trained to pay little or nothing for the phone. it is very difficult to walk that back i think. although we're moving in the direction of unbundling service, we're not there by a long shot. anymore than we are, by the way on cable television just because it is now easier to watch television without having a cable subscription. gerri: you make a great point, adam. thanks for coming on tonight. great to see you. >> you too, gerri, thank you. gerri: we have lots more to come this hour including your voice. during the show, send us your thoughts on any topics on the show. facebook me, tweet
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me, @gerriwillisfbn. later in the show we'll read back the best comments. next comments are showing that home sales are picking up but is this housing recovery ontinue?ble? more coming up after the break. ♪
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gerri: hope for housing today with fresh data pointing to an improving market. is now the time to buy, sell or hold? trulia chief economist joins me now with advice for both buyers and sellers in today's market. let's look at some of these numbers that came out today. single family home sales, that is total sales, jumped to a six-year high. but prices not keeping pace. they rose at slowest annual pace since march 2013. jed, we've been asking a question, is this recovery at pace it was going, was it sustainable? when do you say? >> what we're seeing right now sales are picking up but prices are slowing down. both of those are good things. the reason why it's a good thing that prices are slowing down we don't want to get back into another bubble. the good news that prices are
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starting to slow down, while prices still look reasonable compared to incomes and rents. that is a good thing. what we wouldn't want would be for prices to be accelerating because that hurts affordability and raises the risk of another crash. gerri: you told our producer that the market is recovering but not in recovery. what do you mean by that? >> there is still a long way to go on everything we look at, foreclosures still to come, sales, starts. we're not back to normal. we're between halfway, maybe 2/3 of the way back to normal but things like single family starts, single family sales still have a long way to go. there is still a lot of vacant homes out there. builders don't want to build until a lot more vacant homes are occupied. it is still tough for young people, first-time home buyers -- gerri: break that down. you went through a lot of stuff quickly. i want to talk about distressed sales. this something you also brought up, about the role of distressed
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sales in this marketplace. if you back that out of today's numbers, what do you get? >> distressed sales were big part of existing home sales for a couple of years. also when distressed sales were getting sold that helped boost some price increases because we saw in those markets big increases. now with fewer distressed sales the existing home numbers are not going up as much. but it is healthier mix. four h few irforeclosures sales markets are getting back to normal. gerri: less foreclosures, that's what you mean by distressed sales. that is very different thing than what we're being told by the market because they're not making those fine distinctions out there, right? >> distressed sales which are foreclosures and shorts are down more than 40 years -- 40% year-over-year. that is huge decline because fewer homes are getting into foreclosure and being sold that is a necessary part of the housing recovery to put those foreclosures behind us. gerri: i want to talk about advice to buyers and sellers.
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which of those two is in the best position? who would you rather be no. >> right now still a seller's market. inventory is tight in a lot of markets. when inventory is tight, sellers don't have a lot of competition and buyers are often under pressure. homes are still going for over asking. buyers have to make quick decisions and people have to make quick decisions might not always make the right choice. gerri: buy, sell or hole what do you say? >> if you're a homeowner, wait until prices appreciate enough that it is worth it. if you're a buyer, think hard whether it is more important for you to get a good deal today or to wait until there is more inventory on the market so you can find better fit what you want. gerri: always tricky and different in every marketplace. jeff, thanks for coming on. great to see you again. >> thanks, gerri. gerri: still to come, another one of obama's promises is not living up to the hype. why, despite executive order, college graduates are still riddled with student loan debt.
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his conduct at the va may have killed, get this, more than a thousand of our nation's heroes. we have a shocking new report coming up. ♪
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gerri: welcome back to the "willis report." we've been talking a lot about the va scandal. it continues to unfold as investigations into what happened with thousands of military veterans that waited long time for medical care. disturbing revelations including a new report from republican senator tom coburn alleging more than 1000 vets died over the last 10 years as a result of veterans affairs misconduct. let's bring in jesse jane duff, military advisor for concerned veterans of america.
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jesse, i have to say 1,000 people is shocking to me. do you think that the senator has this information correct? >> absolutely. i have stated publicly my own thought and what i read, when we looked at 1.5 million records deleted by the va, this is discovered by the government accountability office, gao, there was no record whether the vets were ever seen. we don't even know if they were talked to or didn't know they were alive. i guessed it wasn't just 40 dead veterans in phoenix. i guessed thousands, thousands literally. gerri: drip, drip on this horrible story every day. yes, a thousand vets dead. also the va paid out to a billion to vets an families due to medical malpractice. overpayments, wasting money that could have been used well for veterans. va health providers losing their medical licenses.
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female patients, get this, received unnecessary pelvic and breast exams from a sex offender jesse what do you say? >> senator coburn calls it out. they have criminals and perverts on staff. they are not taking care of what is legitimate practice. how will we as veterans have very confidence in the health care that we depend upon when they literally wait for us to go there to die? if they're going to be abusing people, particularly these women who gone through some type of sexual assault not even aware of it, you can't help but be completely disgusted, somebody that served the countries for 20 years, knowing what this awaits me after getting off active duty. gerri: this isn't a phoenix thing. this has gone on all over the country. >> all over. >> we're hearing about brockton, massachusetts, grand junk, colorado -- grand junction,
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colorado and birmingham, alabama. how come every hospital is having these kinds of props of this magnitude? >> what i respect senator coburn, you're calling out his fellow senator. you're caught up in rick bonn cutting ceremony and than addressing these v. aproblems. you know what? s and congressman have been getting letters from veterans for years. veterans contacted me. i have contacted my senator's office. i contacted how much my congressman's office. how many letters did we need and file cabinets full people read and still not taking action? we have had 700 veterans get sick by legionnaire's disease in ohio. nothing happened to that executive. he got a bonus. five or six veterans attributed to dying when they went in for surgeries and got legionnaires' disease and he covered it up, the executive did. this is gone on and on and on. i've been beating the drum,
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beating the drum, and beating the drum. thank god for people like out to come out and say enough is enough. gerri: well, i have more bad news for you. not good news. sloan gibson, who was acting va secretary coming out saying i'm deeply disappointed not only in the substantiation of allegations raised by whistle-blowers but also failures within the va to take whistle-blower complaints seriously. we heard from another whistle-blower, this time from phoenix a woman who actually kept the list, saying that she felt like her job was threatened, she was threatened if she didn't get along and go along and do what higher-ups were telling her. >> yeah. gerri: what does that tell you about what is wrong with this system? >> with this particular whistle-blower, they said they had to alter records, when finally call the people who had been on wait lists for appointment, when they found out they were deceased, the investigation revealed they weren't putting, that veteran died waiting forean appointment. that they altered records. she was aware of this, caught in the middle.
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what these whistle-blowers are afraid of losing their career, what is evidence come out, many whistle-blowers have been punished for actually revealing unsanitary conditions, unsanitary equipment, people who are credentialed to be doing care they're providing. people can't even read x-rays correctly. the whistle-blowers come forward. you know what the results are showing? no, no public health and safety risk here. no problem. yet meanwhile there are people who can't even get in for psychiatric care who should be at risk, that are at risk with public, to public health and they're not even getting in so cover-up, after cover-up, after cover-up. gerri: jesse, americans have to ask themselves, would you want your child to go into one of these va hospitals? would you want your son, daughter, your parents, member of your family? that that will answer important questions right there. jessie, thank you so much for coming on the show. >> thank you, gerri. thank you. gerri: unbelievable the story. another food story for you coming up.
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-- good story. first i willry insists she is not well off. then her daughter chelsea says she doesn't care about money. is the entire clinton family out of touch with the rest of america? your user's guide to summer vacation. summer is underway but are you a last minute planner? how to scoop up a great vacation rental even at the last minute. stay with us. ♪. this is the quicksilver cash back card from capital one. it's not the "limit your hard earned cash back" card . it's not the "confused by rotating categories" card. it's the no-category-gaming, no-look-passing, clear-the-lane-i'm- going-up-strong, backboard-breaking, cash back card. this is the quicksilver cash back card from capital one. unlimited 1.5% cash back on every purchase, every single day. i'll ask again... what's in your wallet?
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they are behind the eightball. what is the first that they should take? >> there is tom silk -- still some bargains available. trying to plan your trip in advance or the last minute so where do people want to go and how do they want to get there? it depends where you go and the mets did you use do get there. gerri: talk about the websites that help people make the choices they want to make it you are looking for a summer rental or renting a house, what -- which is what i did a. >> flex he is an affiliate of tripp advisor because you can go there for rentals and read reviews and concede their own photographs.
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gerri: vrbo. >> vacation rentals by owner and also uses estimations as bear as the continental united states. gerri: i use that to both gatehouse but what is interesting is i think what is going on is a different market. you can get great deals late because so many people were expecting the earlier crowd now they have to discount. do you find that trend? >> definitely. the weather really took us for the rigor and this summer was pushed back now we are starting to finally see warm days but the season started later normally memorial day but it has been
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a little slow. gerri: this is a totally popular buying understand the people who went to the world cup about 20 percent use this? >> it is the new site everyone is using because it has a nice price range with different accommodation options. every once in awhile you confined to an amazing treehouse are there are different options. gerri: home away is another one? >> it is better for the smaller destination not cosmopolitan cities but to say i'm looking for a house that is handicapped friendly or toddler or kid friendly suez has good features. gerri: if you are making your plans late because you
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want to find a bargain i am a big fan of expedient and give joy tonight option option, next weekend option but that is of great what i also like kayak it is a great comparison for flights gerri: thank you for coming. >> happy summer. gerri: the clintons keep digging themselves into a hole after clinton's dead broke sparked outrage now her daughter talks about money and you would not believe what she had to say
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we have a frustrated millennial here with his take for campus reform my guest joins me now. hilary says money does not mean much to her by here is what chelsea clinton had to say about money. people were shocked she said money doesn't matter to curb much either. i was curious if i could care about money on a fundamental level and i couldn't. >> how does this go over with the millenials to face the tough job market with college debt? what do you think? >> absolutely. they hear comments like that and they hear chelsea clinton say at this point what difference does it make? she doesn't care about money she has a three million-dollar wedding and a $10 billion apartment with $600,000 salary per year.
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of course, money does not mean anything to her because she has plenty of that but people are struggling and this is another calf when trying to relate to people that the economic struggles people see especially with a millenials. gerri: why is there such a of a disconnect? >> because this is what they have been told to say. of but take these public positioning stands as they tried to relate the average american. she says relate to the average person how they demonize mitt romney in the 2012 election that he is a millionaire that is out of touch. in 2016 our candidate is relatable to economic issues. they know that hillary is
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not. they have turned over $100 million since then left the lighthouse in 2001. gerri: and me interject. but it's here is the fact of millenials. for out of 10 are overwhelmed to five better than not saving for retirement nearly $35,000 is causing a lot of problems if they leave with the $8 million book of finance is dead broke does not resonate. gerri: i can imagine. obamacare tried to help people with college said there was a big ceremony and big public-relations polish but only 3 percent of
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student loan borrowers will benefit and it will cost the taxpayers $14 billion is this the type of program that we need? >> absolutely not i am hearing that students stayed through the facade of flooded is. the pay as to earn program to expand eligibility is nothing more but it caps loan repayment at 10% from discretionary income which is one of the 50 percent of the federal poverty level of a single student but it is building up to loan forgiveness to position the elastase the appliance that want to forgive the student loans and it is sub concern and they see through it. gerri: it will not stop the universities from hiking tuition. think you for coming. >> thinks having me.
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>> what do you think? are the clintons out of touch with america? log onto gerriwillis.com i will share the results at the end of the show. the clintons might be in denial about their bank account but not the rest of us. the top five the stores you should never pay full price courtesy of market watch him.com -- market watch.com this retailer sends out three coupons per week they have an average of 18 days to redeem them. somewhere between 70 or 80% off. number four is the gap that averages four coupons for a week and you may want to combine the offer with a reward card all the stores are owned by the same
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company. number three sally beauty sending an average of five coupons for we can what is great is said deals are usually good 24 days. >> macy's releases a new queue on nearly every day the most common offer is between 15 and 20% off and if you open a credit-card account you would save an additional 15% but pay off the entire bill because store card interest rates are through the roof. then numbered one store to never pay full price is years sending of 21 coupons per week although shoppers have an average of 11 days to use them. women leave the labor force at the peak of their career to take your children and parents how do you do that? and then jump back into the
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workforce after leaving for personal reasons? here is your personal page with numbers that matter to you. we will be right back. t valve p. 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, like unusual bruising.
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pradaxa may increase your bleeding risk if you're 75 or older, have a bleeding condition or stomach ulcer, take aspirin, nsaids, or blood thinners... ...or if you have kidney problems, especially if you take certain medicines. tell your doctors about all medicines you take. pradaxa side effects include indigestion, stomach pain, upset, or burning. if you or someone you love has afib not caused by a heart valve problem... ...ask your doctor about reducing the risk of stroke with pradaxa. 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,
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gerri: the u.s. labor force participation rate had a 35 year low and trying to re-enter the job market you know it is a big challenge especially for women. president and author of the job search solutions.com. why are live been dropping out? >> it is interesting the first time the last couple of the of years there were more men in the boom raged and women. and that hasn't happened and our generation for of very
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long time. we have families later in life and our parents grow older to stay healthy longer and one of the biggest issues in child care is the biggest expense even more than housing or clothing and food and sometimes it is just plain more economical for women to stay home. >> that child care number is through the roof. i cannot believe what people pay. but to go back to the sand which generation the big issue is they do it at the time they should get the biggest of their lifetime. what is the impact not just on brendon but families?
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>> they have got to make choices is a really hard choice. it is not good for the economy at all there are 1 million fewer so if it is of matter of economics so where do save money the most? to take care of the kids. gerri: so getting back into the labor force will be tough. what is your advice? >> to recognize it would be a hard but women were carter's ban man. they have an advantage. [laughter] they do have to work harder and they always have. they're more flexible about the things they have done. so when women go to sell
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themselves trumped up the fact they are focused and more healthy and willing to do more flexible positions and therefore prove themselves more day and men will. better have the ego wrapped up and most employers know that and willing to take that into account. gerri: you have those facts right than to with those kinds of answers i know there will send it to you. but before you go, my guess the pep talk for with been trying to get back into the labor force. >> don't pay attention to the stuff that you read. 1 million, lead to a million , for a million people. you are one person who needs one job. talk to a lot of employers
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many people said reza maize instead of taking up the phone. and then be willing to take a part-time job or start off lower than you were before if you start over you'll have to take a couple missteps' back to realize he will have to do that. gerri: good to see you. >> hearing is what we are tweeting. are the clinton is out of touch with america? you are on fire. >> yes. give me a break. >> not just out of touch with america but reality. >> yes. extremely out of touch. would be entitled child from
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entitled parents provide sick of all the people acting like they are like regular americans. get out of the garden tower and put your seat on the grounds. >> the clintons are a bunch of liars. they don't know what it is like to wonder where the next meal will come from. they have mansion's civic i wish i was as broken as hillary if i was i would shut up and enjoy being for -- pork. gerri: send me an e-mail at gerriwillis.com. coming up after several tragic accidents how safe are small private planes? after the break.
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gerri: turning our attention to small planes and crashes. when we hear about someone dying in a small plane crash it is blamed on pilot error but are we missing something or too many blame to on a pilot who cannot defend himself? from the national safety council used to be head of the ntsb that examines all aviation disasters. welcome back. do we really know what causes the crashes? >> every year there are 1500 and a the ntsb is determining what happens to prevent accidents from occurring in the future. these are the worst
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situations that any family can encounter. 500 fatalities per year due to a small plane crashes they can be a difficult situation. >> but it seems it is an open question. what is the assessment? >> not just playing crashes but defense that occur in transportation and. booked at day aig on a crash problems had to do with the mismanagement of the approach it does not mean that there are not things going on underneath the complexity with a familiarity or the training but at the end of the day unfortunately the pilots may have made the last decision and 80 percent of accidents are attributed to human factors.
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gerri: that is a great point. to they have a black box? >> it is of tremendous challenge they arrive on scene and they don't have a lot of information to go by. the cockpit voice recorders are only required with multi engined turbine aircraft and flight data recorders are multi a injun with 10 or more seats so investigators are working with varied little information sometimes it is just as smoking hole in the ground. gerri: talk about how old they are. some do not look like brand new technologies. >> the interesting thing is we see the gray of the fleet's some that are not even in manufactured any more people above them and
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maintain them but also with the pilot population but for the new aircraft there is a lot of technology with the of class cockpits with tools to help weather the on board whether or collision avoidance systems. >> people are fascinated bet yet the risk is high indeed. good to see you again we'll be right back are the clinton is out of touch with america? we will answer that.
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. gerri: chelsea clinton may have a hefty salary as a special correspondent for nbc, and live in a $10 million penthouse apartment in new york city, but says she couldn't care a less
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about money. and her mother hillary keeps insisting she's not well off. are the clintons out of touch with america? we asked the question on gerriwillis.com. 95% said, 5% said no, that tells you something. marissa mayer, did marissa mayer cost the company millions of dollars. the yahoo! ceo was supposed to meet with top media buyers at the cannes advertising festival. mayer showed up nearly two hours late for a dinner meeting. the excuse for her tardiness, she was snoozing. she overslept, and it sounds like it wasn't a good nap. mayer's presentation to the annoyed advertising crowd was stiff and too reliant on the teleprompter. bad news for yahoo! whose revenue relies heavily on ad dollars. mayer banned staffers from working from home.
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she demanded they show up on time for face-to-face meetings, i guess she didn't get the memo. have a great night, see you tomorrow, charles payne is next. . charles: tonight on "making money" -- the stock market's at an all-time high but looked a little shaky today. a lot of pressure and a lot of doubt. of course there's a giant cloud of self-doubt out here. we have the confidence crisis, but i tell you what, i think there's a glimmer of hope. speaking of dark skies, the air is going to be filled with drones, somewhere spying, some are working, a few are fun hobbies. we're going to weigh in on the fear factor versus the cool factor and talk about the economic impact. the past of convicted criminals, flat-screen tv's, mp3's, selling to prisoners is big

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