perhaps wrong when she talked about social media stocks overvalued or was she dead on? lisa on facebook says, yellen has it right. when the entire market is overvalued, why shouldn't one stock be as well? "the willis report" is next. gerri, you're continuing users guide for advice for saving money on clothes and jewelry, all kind of fun stuff. gerri: you helped, liz. thanks, guys. we consulted hot fox women how they look great without breaking the bank. new home sales plunged. housing recovery stalling. we'll break down what it means for the overall market. also don't pay a penny more than you have to. we'll tell you what never to buy at a drugstore. cosigning a loan is big decision, we'll tell you whether to do it right or if you should do it at all. "the willis report" where we're working for consumers starts now. we begin tonight with breaking news on the general motors

ignition switch recall and how much the company will pay victims and victim families, $400 million. it sound like a lot of money. but will it cover all the lawsuits related to the recall? that is how much gm predicts they will spend with today's earnings announcement but how did they come up with that number? joining me, bob hilliard, who represents many victims of the faulty ignition switch and jack myriad from kelley blue book. i have one question for both of you. when you look at the 400 million number, how do you think gm came up with that? and how can they come up with any number at all when we really don't even know how many victims there really are? i will start with you, bob. >> you're exactly right, gerri. there is absolutely know way -- no way they know the total death count and injury count. that's a number i think that is designed to send a message to ken feinberg who they are touting as being independent, and i believe he is. it's a number they simply grabbed out of thin air.

the number of clients i will put into the fund, we've done the math, based on ken feinberg's, his, how much he will pay each one of then. i think this fund will be exhausted pretty quickly. gerri: well, feinberg said there is no limit obviously. maybe today's announcement is meant to guide him in some way. jack, i will turn to you. this $400 million figure doesn't even include the latest recalls, right? so, it is sadly lacking -- >> no, it doesn't. gerri: lacking in specificity. what do you make of the number? is it enough? >> it's a fiduciary number. it's a number they have to put out there. it makes sense they put out a big number. they also mentioned that number might grow by 50%. it could well grow even larger than that. but when they're doing their, when they're announcing financial results, they felt it necessary to put out this information and it is valuable information i think for

investors to have. gerri: well, i got to tell you, it could be dribble, dribble. we may have more announcements. that's what we've seen all along with gm, many, many recalls. so many recalls, in fact the company has recalled more cars than it sold in the last five years. you get an idea of the problem. bob, to you, today's announcement, does it impact the bankruptcy challenge that is going on right now with gm? >> well, probably not, gerri. the bankruptcy issue is going to be did they defraud the bankruptcy judge when they asked for a chapter 11 relief from all of their debts? that is going to be independent of this number. they have now plenty of money available to pay the victims through the compensation fund. what judge gerber in new york will have to decide is, when they came into the bankruptcy court, did they lie to him? and did they know that this was on the horizon, and did they

know it was going to be this big of a financial hit to them? gerri: so this is one much those secret sleeper issues that is going on every day here in new york city that nobody is really covering in the broader media but, jack, i want to get back to you for a second, let's do a little historical truth telling. here is the ignition witch we're talking about so much. >> sure. gerri: this is the part at issue in the center of this investigation. but i think we have to stand back and think about what happened in previous recalls of the same sort. how much, for example, did toyota have to pay victims in their claims? tell us a little bit about the toyota recall. >> well, toyota's are was more than what they paid for victims. in fact what they paid for victims is probably dwarfed by the fine that they agreed to pay, which is over a billion dollars. $1.2 billion. what general motors is trying desperately to do, and i think will be able to avoid, is that

kind of a fine. they are being much more proactive about dealing with the situation, having gone to school on things like the toyota recall and before that, what happened with ford and ford explorer years and years back. they have learned a lot from this. they think they are trying to, very, with great diligence to be ahead of the game as opposed to being behind the story. gerri: ahead of the game. as part of the announcement today, gm, bob, said, there were actually 19 deaths, not the number they have said in the past, 13. you think the number is far different. tell me about that. >> it is just fact alley much higher than that. we've gone through all the cases we have. on august 1st, we'll put at least 35 eligible death claims into ken finering about's -- feinberg's compensation fund of the would i suggest that general motors doesn't know the total amount of money they will

have to pay just like there is no way for them to know how many people they have killed as a result of this defect. and, just quickly, i need to respectfully disagree with your host guest. that is i think the fine will exceed what toyota paid because the department of justice is going to look at the amount of time the cover-up existed and their behavior during the notice of the injuries and deaths that they were getting in real time. so i think that this will be a record fine and it will dwarf both toyota and ford. >> well, i have to say that the idea of a cover-up is one that is still being debated. feinberg says there was no cover-up. the debate continues and investigations continue, as you say, i'm sure we'll have you both back on to talk about this. bob, jack, thank you. >> good see you, gerri. gerri: good to see you guys. well, another car story. an american sports sedan is giving its foreign competitors a run for their money.

guess what, it is a buick. with more, jeff bartlet "consumer reports" car editor. jeff, welcome back to the show. good to see you. so surprised about this. i thought a buick was for your grandpa? >> not anymore and that is by design. general motors has tried to put more at lettism in its buick line and aim a slightly younger audience. what we've seen from the results our latest tests they may be able to conquest some european car contenders. gerri: you tested with mercedes and bmw. who came out on top? >> within this category the bmw 328i does edge out its competition with 84 points out of 100 but the buick is right behind. that is what is no notable. at3 points it ties the her said c-250 and gained four points since we last tested it due to variety of updates made to the car. gerri: in your review in the magazine you used this really funny word, luxobarge. what do you mean by that?

it is not a luxobarge? >> image of buicks of yesteryear but large and heavy and floatying vehicles. they were not engaging to drive. they had clearly a different mission. today's buicks do have some of the european flavor mixed in. gerri: when you drive one of european cars, the bmw, the handling is stiff. you feel the road. is that the way this new buk is? >> buick it hit a really good balance with the regal. it is more engaging like the bmw and her said, the steering has a little more feel and feel the surface of the road a little more but enough isolation it doesn't beat you up. it down feel like a sports sedan in negative sense but it is rewarding to drive. gerri: the volvo, you tested five, sorry, s60, what do you make of it? i'm shocked what happened to volvo? >> this car is quite

competitive. it scored 80 out of 100 points. it is balance overall package but lacks a certain panache and personality comes out with the other cars. gerri: oh, i just remembered we have some of the buick regal ad we can show which makes my point for me. listen to this. >> i thought you bought a buick? >> buick. >> buick. >> i'm outside, where are you? >> outside here in the buick? >> i don't see a buick. >> doesn't look like a buick. gerri: i guess that makes our point for us. jeff, thanks for coming on the show. good to see you. >> thank you. gerri: we want to know what you think. here is our question tonight. what kind of car do you drive, american or foreign? log on to gerriwillis.com. vote on the right-hand side of the screen. i will share the results at the end of tonight's show. your voice, your voice is important to us. that's why during the show, we want you to facebook me or tweet me @gerriwillisfbn or

@gerriwillis.com. we want to hear from you. at the bottom of the hour i will read your tweets and emails. and we have more, more to come this hour including a warning for parents or anybody thinking of cosigning a loan. next our user's guide to savings continues with cost saving tips when it comes to shopping for clothes. let me tell you, the women of fox will tell you how to look great and spend very little money. stay with us. ♪ ♪ ♪ ♪ [ male announcer ] if you can't stand the heat, get off the test track. get the mercedes-benz you've been burning for

at the summer event, going on now at your authorized mercedes-benz dealer. but hurry, offers end july 31st. share your summer moments in your mercedes-benz with us.

gerri: you want to save money? we're here to help with our week-long special users guide. we have cost cutting tips you can hang your hat on. before we get to advice refreshing your wardrobe protecting your wallet, we took our cameras around the building and ask the beautiful women of fox to share an item from their closet they got a great deal on. listen to this. what did you get on sale? >> well, so i have to tell you something. fox get a lot of this. sit in the chair and on "the five," "outnumbered." how about these pantyhose? for $7, you get these at duane reade and walgreen's. you're amazing. can't make it to get a spray

tan, you can spray it on with the hose essentially. and believe me, it fools everyone. i'm giving away my secrets. >> time to spend money and time to save money. we all like nice things. i actually got my shoes on zappos.com. these are kate spade. you can pay a lot of money for kate spade shoes but zappos.com, on sale. free shipping. big secret of mine. >> pink, the dress i have on, got it half off. they have stores all over the country. pop in and save your coupons when you can. i'm big into digital. my girls got me really cool phone cover. i've been known to spend a lot of money on phone covers. this is less than $20 at charming charlie. >> my look like jackie o, simple white shirt that is 20 bucks. look at ruffle. it is kind of classy. i'm going on tic-tac diet to fit into it. a plain cigarette skirt.

that is streamlined straight down. simple. you know, gerri, i don't think people, know when people are wearing brand. i don't think people can recognize brands. the average person. by the way, i don't really care about brand. i don't buy brands. >> i'm not much of a bargain shopper but amazon does dresses for under 100 bucks. i got this for 35, right? >> very good. >> got got it in two colors. i couldn't help myself. >> often times on air, less expensive stuff looks better. hello, she knows that. these earings, i go with a lot of these. she is imogen shearin, she is british. kate middleton wears her earings. she is are 11 british pounds. by today's currency standard is 27 bucks. >> i never pay full price. adorable steve madden shoes. 30 bucks. north of 100. i was pretty proud of that. these are nice earrings and part

of a service i subscribe to. it is my biggest secret. rock box. they send you three pairs of jewelry accessories. i call it netflix of jewelry. you get these in the mail for like $19 a month. >> holding what i usually wear around the offices here at fox. don't tell anybody. these are my sandals. isaac mizrahi. they are only $3. these are 90, 100-dollar sandals. i got them on amazon. they were cheap and free. i wear these in the summer. these i bought, these are my favorite earrings. heather nauert on "fox & friends," she loves them. i got them off the street for 10 bucks. >> i grew up in the midwest. midwestern sensibilities. my parents taught me he have dollar, every cent counts. that is just stuck with me all of these years. this is my favorite thing to wear. a nice pair of flip-flops. i wear them until the day it snows in the winter. and put them back on the day the snow melts. this is how i get around fox.

>> this bracelet. great thing about being on tv at a distance you can't tell. i bought the bracelet five dollars on the street at a street fair. worn it 100 times on the air. i have this jacket i pulled out which i bought at zara. i think it was $20. gerri: is that not awesome? my thanks to the ladies of fox business and fox news for sharing their secrets. i want to show you my savings. 35 bucks for the shoes i'm wearing right now. jcpenney. don't they do it right, my friends? for similar savings let's bring in personal finance expert. andrea, great to have you as always. love to have you on the show. >> thanks for inviting me. gerri: you have great tips. i'm excited to get into them. the first thing you're telling me to shop on thursdays. why is that? >> well, retailers begin marking down merchandise that they want to push for the weekend. so you get a larger selection of those discounted goods and you don't deal with the crowd. i recommend definitely heading

to the mall or store on thursday evenings. gerri: seasonally when should i buy? >> it, common sense shop at end of the season. a lot of consumers get wrapped up in current trend for the upcoming season. right now for instance, retailers clearing out the summer merchandise. you're looking at saving anywhere from 50 to 75%. plus additional coupons. coupon sherpa.com i found extra 20% off clearance items at macy's. dresses, tank tops, shorts and t-shirts, can wear them well into the fall season and maybe into winter if you're layering and living in colder climate. gerri: very smart. wait until after the holidays. man january 1st, right? >> yes especially for the coats and boots and sweaters. all of those items that you like to wear in the cold months. gerri: all right you say there are times to splurge and there are types to look for steals and deals. tell me what you mean by that. >> well, i recommend if you're going, when you're looking at quality goods and timeless

pieces, so a basic black suit, maybe a nice pair of quality leather boots that you can wear for several years. that transition through seasons and don't go out of style. i say it is okay to splurge on those items because you're going to get a lost value and use out of them. when it comes to trendy clothes going out of season, don't spend a lot of money. there are plenty ever stores to buy those cheaply. then also stick with generics at stores like target or even costco, has the kirkland brand where you find tees and pajamas really cheap. gerri: mitt romney apparently buys his dress shirts there. >> yeah. my husband goes there. gerri: kirkland brands, smart people all shop there. this did not occur to me and a lot of people don't like to do it but it is really an opportunity these days. why? >> when you consider markup of clothes that ranges from 100 to 400% and up to 600% on shoes you realize how much you're wasting on clothes. you can spend a fraction of that

on used clothes. and a lot of these thrift stores these days are very particular on what they accept. i've even gone to my local consignment store found clothes brand new with tag still on them. looking paying one 10th of what you pay at department store recycle kel your fashion and shop online and sell the clothes to get credit toward purchases and keep it really cheap. gerri: markups of 400 to 600%. ouchy. you say you can negotiate, how do you do that? how do you negotiate with a department store or sales clerk? >> when it comes to negotiating i'm really talking about price matching. a lot of department stores will match prices of other retailers who are selling the same items. even high-end department stores like nordstrom's and bloomingdale's. you can do it shopping online chatting with a live sales rep. i will even sometimes call

retailers. i called anthropology and i called lost. i negotiated and scored free shipping on my orders. there is lots of opportunities to find out if there are coupons speaking with customer service. gerri: good stuff, andrea. always good to have you on the show. >> all right. thanks for having me. gerri: coming up tomorrow, we wrap up our user's guide to savings. we'll have extra advice, expert advice getting the most bang for your buck when it comes to technology. you will want to see that. still ahead, why the housing market can't seem to turn itself around. next, we answer the question, how do you do that? before you could sign a loan for your son our daughter's car, you will want to hear this. stay with us. ♪ as long as i've lived in iowa, there's always been wind.

(strauss' blue danube playing)

yyyup. with xfinity internet soyour family can use all their devices at once. works anywhere in the house. even in the garage. max what's going on? we're doing a tech startup. we're streamlining an algorithm. what's grandpa doing? hi... sssh, grandpa you don't want to be an intern forever. sorry dad, we have to get back to work, we have a deadline. we're going public! [cheering] the fastest in-home wifi for your entire family. the x-1 entertainment operating system. only from xfinity.

gerri: to cosign or not to cosign, that is the question and it's a big decision. it could have serious financial repercussions in anything goes wrong. if you're asked to add your john hancock to a loan, should you say yes? here to what to consider is an attorney. welcome back to the show. so nice to have you here. so how big after responsibility is it? >> this is huge and there's a really big misconception out there if you're cosigning you're sort of just doing something mild. you're providing a -- doing a favor. this is huge, even if the person doesn't default, that entire amount of the debt appears on your debtload, on your credit. gerri: so it affects your credit score? >> absolutely it affects your credit score whether or not the person defaults. >> oh, my goodness. it is counted as another debt that i personally have and carry even though i'm not getting benefit of it.

what types of loans are most often coast signed? >> student loans. home loans and car loans. gerri: and, these student loans, i would assume is becoming a very big problem for mom and dad. do you see a lot of cases where mom and dad have to pick it up? >> this is a huge problem because we know that nationally we have a trillion dollars in outstanding student loan debt. and the number of college graduates, exceeds the number of jobs that require a college degree. so, for many people, we can expect the student to run into some trouble. so when the parents are asked to cosign, it is not a good prescription. gerri: mom and dad, think twice. that is what i say. benefit after car or house or education? >> if the primary borrower dies or bankruptcy, the student loans

are not dissociablable. disdischargeable. where the primary borrower discharged or car loan, the cosigner is still on the hook for it. gerri: repayment options for private loans are less nextable? >> today because college tuition gone up dramatically, the traditional federal student loans are not enough. we're also in private loans. 90% of the private loans. require a cosigner. the interest rates are higher. and your options when you run into trouble on the other end are much more reduced. gerri: you say the loan amount appears as part of your. >> if i'm cosigner of my daughter's home, $400,000, that goes on my debt load and definitely impacts my credit. gerri: i'm not sure i want to answer the question but i'm going to. we're starting a new thing, buy, sell or hold for our experts

that come on. do you like these cosigning? do you not like it? buy, sell or hold. >> sell. gerri: sell, sell, sell. there you go right there. she is selling. so cute. thanks for coming on. great to see you. a lot of people are warned now. that's for sure. it is time now for look at stories you're clicking on foxbusiness.com. housing is still a weak spot in the economy. sales of new homes plunging more than 8% in june of the the inventory of new homes is up to around six months. we'll have more on housing market at bottom of the hour. the mortgage mess continues with morgan stanley agreeing to shell out $275 million to settle sec charges in this that it misled investors about risky mortgage bonds. sec says the money will go to victims. the bank isn't admitting to any wrongdoing. stocks were relatively flat as investors digested big company earnings, including facebook, the auto companies and airlines. weekly jobless claims dropped to

the lowest level in eight years. international monetary fund issuing a forecast for the global economy and not good. the organization that's growth will be less than 3 1/2% and perhaps even sloyer in the u.s. and russia. those are some of the hot stories on foxbusiness.com. coming up next, "consumer reports" weighed in on the buick versus bmw. now it is your turn to tell us what you think of the stocks are roaring back. the enthe employment picture is looking rosier. why, why is the housing market getting worse? are young people to blame? the latest coming up. she inspires you.

no question about that. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph,

like needing to go frequently or urgently. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or any allergic reactions like rash, hives, swelling of the lips, tongue or throat, or difficulty breathing or swallowing, stop taking cialis and get medical help right away. ask your doctor about cialis for daily use and a free 30-tablet trial. . gerri: shocker news today. new home sales taking a plunge in june. sales were down 8.1% from the previous month and some analysts are questioning

whether millennials' lack of enthusiasm towards owning a home is weighing down the market. rich edson is in washington with more. rich? >> reporter: level of enthusiasm since the census started keeping track of the statistics. the government says home ownership for those 35 and under is the lowest since 1982. millennials are marrying later and many prefer city living to suburban home ownership. still, economists figure the deep recession is to blame and the millennial generation will impact the housing market. >> when many of these trends were already on the horizon and happening gradually, before that recession, and as is typical, a large down turn in economic activity will lead to a bunch of temporary changes as well. >> analysts and economists say the recession is likely delays

millennials' home purchases and they'll buy later in life. the millennial generation is the largest in u.s. history, and that they will eventually impact the housing market substantially. gerri? gerri: not yet, i guess. what needs to happen to get more millennials to buy housing? >> well, a better economy, and higher wages,e educations, student loan debt is erased or past a trillion dollars in college costs. well surpassing inflation, and while housing prices fell dramatically in some markets during the recession, they are up significantly over the last generation. pretty difficult mix for potential homebuyers. especially first time homebuyer. gerri: no kidding, rich. thanks for bringing us to that. here with outlook for the housing market, the ceo of lending tree joining us now. thanks for coming on the show. great to have you here. some of these numbers, you think june sales would be awesome and yet new home sales were not great.

what's going on here? >> they were up 2.6%, and clearly it's not what we'd all like to see. ultimately we've had a slow but steady recovery in housing, and housing tied to the economy and to jobs and home affordability. so home affordability is great but people aren't confident there are jobs out there. housing has had a slow recovery. gerri: i'm wondering what this particular report is telling you about the balance of the year. the reality, look, a lot of analysts say it's going to be better in the second half. can we believe that about housing? >> i think we're going to have a slow but steady recovery out of housing, and ultimately once people can get jobs, they may have more confidence in the economy, we'll see things roaring back. housing is a very local market clearly, and areas where you've got a great economy, you've got a great housing market. gerri: we heard the report it's all about the millennials. they're killing the market.

blame the young people. do you agree with that? or too simple an answer? >> we're definitely having fewer housing -- fewer households forming. you've got more people staying at home, and student loan debt is certainly, certainly having an issue on that generation. so i think that is a major factor. gerri: you know, i got to tell you, i keep look at this market thinking it's going to really improve and feel like a real housing market, yet it doesn't happen. one of the issues that -- we don't talk about anymore are interest rates, mortgage rates, that's something that is very critical to you. what do you see for the future of rates? lots of worries rise, spike even. >> the good news is rates are still very, very low, affordability is very, very high, meaning it's very affordable. and what we're seeing at lending tree, if you shop, the beauty of it is consumers are

able to get loans. banks and other lenders are starting to open the credit, widen the credit spectrum and give loans to more and more people. there is more opportunity out there. gerri: he's got a brand spanking new tool called my lending tree experience. what does it do and how much does it cost? >> absolutely free to the consumer. my lending tree is account that you set up on lending tree, you can get free credit score, we monitor credit, update you monthly and give you ways to improve it. and importantly, when you apply for one type of loan, you never need to fill out information to apply for the next type of loan. think about the personalization of amazon with the comparison shopping of kayak and that's what the new lending industry about. gerri: wow! interesting stuff. doug, thank you. >> thank you. gerri: and now we want to hear from you. here is what some of you are tweeting me about our poll question tonight about whether you drive american or foreign cars? rick writes, this from as far

back as i remember, always american made cars in my family. marty says this, foreign cars only. sadly, american cars simply aren't the same high quality. and you're sounding up on facebook. scott had to say foreign, i'm not buying any government motors products anymore. greg says simply, absolutely american, all the way. thanks for that. we love hearing from you. here are some of your e-mails. robert from florida weighing in on the ongoing troubles at the va which we've covered. i don't believe the va should be privatized at this time, i'm a disabled vet and use the va for services and have a masters in hospital administration, it is overly simplistic to call for privatization, it is understandable. i had few issues with my service or treatment at the va, interesting, but gene from new york writes this. this administration can't get a computer program to work right. how are we to expect they can fix the va's problems? this problem needs professional

people to fix the mess, not a bunch of incompetent politicians. he's on fire tonight. gene is. send me an e-mail at gerriwillis.com. we want you to star in our show. do you want to fix your finances? the money coach will help, and you will be live on air each week. a financial expert will answer your money questions. e-mail me,@gerriwillis.com. a warning to be careful when you tweet and when and where you tweet. a minnesota man and his two children were kicked off a southwest airlines flight this past weekend because he tweeted a complaint about the service he was getting from flight attendants. doug watson complained he and his six and nine-year-old children weren't allowed to board because he had priority status and they didn't. moments later he tweeted wow

rudest in denver. south gate seat 39 not happy. he was forced to leave the plane because the agent said her safety was threatened by the tweet. he and his family were allowed to return to the flight along with a $50 voucher for each one of them, but they had to delete the tweet! whatever happened to free speech? when we come back, are we shopping the smart way, especially when it comes to over-the-counter drugs? we'll explain. and more mistakes surrounding obamacare. this time you may see more money in your pockets. why insurance companies have to shell out millions? after the break, here's your consumer gauge with the numbers that matter to you. take a look, stock market up almost 8%. we'll be right back.

: [ male announcer ] the mercedes-benz summer event is here.

now get the unmistakable thrill... and the incredible rush... of the mercedes-benz you've always wanted. ♪ [ tires screech ] but you better get here fast... [ daughter ] yay, daddy's here! here you go, honey. thank you. [ male announcer ] ...because a good thing like this... phew! [ male announcer ] ...won't last forever. see your authorized dealer for an incredible offer on the exhilarating c250 sport sedan. but hurry, offers end july 31st. share your summer moments in your mercedes-benz with us. . gerri: free money for consumers, just in time for the election. obamacare is forcing insurance companies to pay back $330

million by next month. but despite the billions in touted savings on insurance premiums, the majority of americans say they're not better off under the law. the past the american action forum is here with details. doug, always good to have you here. so the money that's given back, why is that happening? >> they passed the medical lost ratio, when an insurance company collects a dollar of premium, it has to spend 80 cent on reimbursable medical care and if they don't hit the 80% they have to send whatever they didn't spend back to the customer in the form of rebate on the premium. the checks are going out before the election are for those companies that didn't spend the 80% of premiums on medical expenses. gerri: you're saying we're going to get that in november? is it possible not all of it will go out as a check? >> it will come back from your

insurer. typically send it in the form of a check. that's what happened last time around. insurer may credit it to next year's premium if they want to arrange that deal. they will owe you money and the time is between now and essentially november 1st. gerri: it will make us feel so much better about the election, won't it? [ laughter ]. >> yes. gerri: i had to ask but the health and human services secretary sylvia burwell. she's making statements that you want to comment on. she says we're saving lots and lots of money because of obamacare, and fact, she says that we have saved $8 billion. really? really? >> if you look at payments, the administration loves to tout these payments back from insurance companies. they like to tout the savings people have on insurance plans because they're receiving subsidies. that money didn't come from nowhere. we're paying higher taxes, penalty in lower growth. higher insurance premiums, if

you don't have subsidies, you are worse off. people have lost plans, changed doctors, there's a lot of costs associated with the law as well and at least in my mind they well outweigh the 8 billion she's talking about. gerri: you have to take a look what americans are saying about the law right now. i think it's really telling. 18% say they're better off, and i believe it's 35% say they're worse off. 35% say they're worse off. 46% say the same. what's happening with the popularity of this law now, in your view? >> this law is unpopular, locked in below 500 ratings for a long time. the most recent court rulings will reinvigorate this debate and we'll see the unpopularity. some of the reasons it's unpopular are important, gerri. it's not the money. people don't like the way it was passed. they don't like the fact they feel they were lied to about medicare cuts, about losing

doctor, about losing insurance to get the bill through. they don't like the fact it was a purely partisan bill ran through a special procedure. those things you can't change and people don't like it. gerri: the loss you were mentions were government subsidies that go to americans to pay for health care, right? >> yes. gerri: do you think this could be the unraveling of obamacare. >> i'm certain it's going to be in the supreme court. we have split decisions at two lower courts. one said you could receive subsidies no matter what exchange you are in. the other said you have to be in a state-created exchange, the federal exchange doesn't count. that's a plain reading of the law and no rule the irs can write to overturn that type. i suspect it will be at the supreme court. you and i personally stood outside on the court. we'll be out there again. gerri: always good to see you, doug, wherever we are. [ laughter ] thanks so much.

>> thank you. gerri: do you still want to plan a summer vacation but don't want to spend the big bucks to travel? thanks to o magazine there are different options for a one-of-a-kind trip. those are today's top five, number five, the paper house in rockport massachusetts with the exception of the building's frame, everything made of paper including the walls and the furniture. don't spill your coffee, that's my advice. number four, the dog bark park in cottonwood, idaho. the 30 foot tall beagle is a bed and breakfast and offers dog shaped cookies. number three, the jimmy carter peanut statue in the president's home state of georgia. 13 foot tall legume honors the former peanut farmer. this is my favorite. number two, foam henge, in virginia, a replica of the english landmark made of styrofoam. part of april fool's joke still

hanging out. and the number one pit stop is the leaning tower of niles, in illinois, 80 years ago this lopsided landmark was built to honor the italian tower and a way to cover up the water tanks. looks like the real thing. i can't tell. cool. still to come, like to shop like the smart shoppers do? many of you do. why generic brands are the new black? stay with us.

we never thought we'd be farming wind out here. it's not just building jobs here, it's helping our community. siemens location here has just received a major order of wind turbines. it puts a huge smile on my face. cause i'm like, 'this is what we do.' the fact that iowa is leading the way in wind energy, i'm so proud, like, it's just amazing.

. gerri: the age-old question,

generic or name-brand? a choice we have to make each time we hit the pharmacy or grocery aisles. shoppers are picking out the no name-brands, the generics more often. here with us is laurie wax, the founder of cross legend investments. great to have you here. thanks for coming in. >> pleasure. gerri: apparently people who are informed are more likely to choose the generics. why is that? >> they have the knowledge that these products are, in fact, virtually identical, and it's category specific, it's not across the board, but the more informed, the more likely they are. gerri: if you're a pharmacist, you're much more likely to take the generic than somebody coming off the street at pharmacy? >> the numbers are staggering. those in the health care field, pharmacists, nurses, less than 10% of the time are they opting for the brand name item. and while those in the general population buy the brand name at triple that rate. so that's a really standout

category. gerri: pharmacists won't go for the brand-name drugs, regular shoppers 26% of the time. this applies not just to drugs, this is in other categories too, tell us about that? >> look at the categories where the fda gets involved. they are very specific in terms of what has to be done. that's why pharmaceuticals are the biggest category because they're very specific in terms of the dosage requirements and the active ingredient as well as the safety measures. other areas that this fits into as well, if you look at infant formula, very specific. there the generic is identical. even pantry staples like salt and sugar and flour, professional chefs, they know that if the fda mandates how they're put together, salt is a chemical compound. gerri: salt is salt and pepper is pepper. >> you see the same phenomenon there. gerri: there's a debate between store brands and generics.

branded goods versus the store brand which is virtually the generic at the grocery store, the same applies there. >> interesting, as you get outside of the fda's purview, it becomes a little more subjective. people can see what ingredients are going into cereal. that's a place you can save a lot of money or look at paper towels. but that comes down to a little more personal preference. gerri: let's talk about how the public thinks about these generics? are there misconceptions about them? >> if you look at numbers and how many people are out there actually buying the branded when they're paying sometime double, three times as much. they don't realize it is the identical ingredients for things like over-the-counter medications and prescriptions medications as well. gerri: don't you think some consumers think it's not as strong, maybe it's not as good, maybe there are side effects i won't like? >> no question they're thinking that, that's where studies like this come in and should open people's eyes as to what they're missing out on.

now, when it comes to your family's health, you're not that likely to say i'm not entirely sure, but when they see it's identical, next time they go, they will think twice about it. gerri: here's the bottom line. 44 billion dollars what we spend on branded name goods over the generics. according to laurie, that's what you're throwing away. thanks for coming on the show. >> my pleasure. gerri: and we'll be right back.

gerri: hey, it turns out those buick commercials blanketing the airwaves are on to something. earlier this hour we told you about a new mark to the new consumer reports study showing the know -- new affordable buick regal is more expensive than the foreign. 58 percent said american. be sure to log on to gerriwillis.com for online question every weekday. coming up tomorrow, we wrap up our users guide to saving with a look at technology.

we will have some extra advice for getting the most bang for your buck when it comes to technology. that's it for tonight on "the willis report." have a great night. we will see you back here tomorrow. ♪ charles: tonight on "making money", why millennial start investing like depression-era its survivors. stop hoarding cash and gold. you are young, vibrant. i am going to show you how to do it and put your money to work with greater confidence. my house in theory took a little bit of a hit today, but the initial jobless claim is that a 8-year low. a mixed message for the economy. the very first stock, under armor, one of the biggest winners in the market. last month of 35%. two more ideas. let's do this. let's get