tv The Willis Report FOX Business August 21, 2014 5:00pm-6:01pm EDT
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to save foley's life. unfortunately, he did not succeed. whole story is tonight 8:00 p.m. eastern time. please don't miss it. >> definitely. the old farmer's almanac, right? >> hi liz and dave. no less than the farmer's almanac, super cold winter. they're calling it refriger nation. the government makes it harder to get the most popular painkillers in the country. no more prescriptions by phone and harder to get refills. we'll tell you about it. new home prices at the highest point since the recession hit. and what's for dinner? the government says chinese chicken is okay, but is it? don't pick up your fork until you hear our report. "the willis report," where consumers are our business, starts right now. we begin with
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winter weather woes. there might still be a month left of summer but the farmer's almanac is making predictions for winter, and it looks like it's going to be a bitterly cold winter. joining me the editor of the old farmer's almanac. good to have you, janice. how cold is it going to be? >> very cold. colder than last year. in fact, as you noted, we are calling it refriger nation. our meteorologist was putting the book together last february and march and said you know what? our methodology is indicating very, very cold, but i'm going to be conservative. so it could be even colder than we published. >> so according to your forecast -- according to your forecast, we've got snowfall above normal in most of the northeast, cold winter for the eastern two-thirds of the nation, and i heard something funny in my ear, janice, are you still with us? >> yes.
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gerri: okay, okay, you have a good track record for the winter with 80% accuracy, that's darn good. tell me why you are releasing this forecast. this version of farmer's almanac early? >> folks, millions of folks around the country read the old farmer's almanac for gardening tips and weather. it's our most important topic in addition to home remedies, and cooking, the gardens are coming to a close across the country, and now everybody wonders what is the winter going to be like? should we buy oil now? should we buy more wood for a wood burning stove. communities in cold areas look for street clearing. what will we need? and with such a cold season coming, we wanted to let people know as soon as we could. gerri: you're saying there is going to be lots of rain for the west coast, but the california drought is likely to
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continue. tell me about that. >> yeah. the showers will most likely occur in northern california, and while they may help the drought conditions, they will certainly not bring things back to normal underground and reservoirs and things like that. essentially, we're seeing much colder-than-normal temperatures, east of the rockies, much warmer-than-normal temperatures west of the rockies. some of the exceptions include southern arizona, new mexico, and big bend, texas, they will see snow. rain in the northwest, and as you pointed out, california. florida will be cool will above normal rain conditions. the mid-atlantic from boston south to north carolina and including north carolina, we can expect colder-than-normal temperatures and more snow, and the greater part of the ohio valley up to the great lakes and moving eastward will also see very cold, very heavy snow.
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if you've got plans to travel, you know, you might think of leaving town real soon. gerri: i'm hearing me, what's going on. we're showing a map of your forecast. one other thing i want to mention that you told our producers, there could be a major hurricane likely in louisiana to texas. tell me about that forecast. >> that's next summer, not in the next few weeks. although, we're seeing news there could be something develop. but next summer, relatively quiet, up until late summer, we expect the likelihood of si strike in the gulf coast, but in gulf coast, where they least likely need it in louisiana and the texas coast. gerri: janice, how do you know? [ laughter ]. >> i trust my meteorologists. we have three scientific disciplines, we use solar science, the straightforward the activity on the sun, that has been historically low, and
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when that has happened, 400 years ago, we had extreme cold in most of the world for several decades and use climatology and we use meteorology, the study of the jet stream, the ocean temperatures and variety of more immediate factors. these are all the scientific data available also available to other meteorologists, it's our interpretation, and specifically the implication of the activity on the sun that makes a difference between the old farmer's almanac forecast and just about everybody else out there. gerri: i can just say, i hope you're wrong, janice, i hope you didn't get this one right. thanks for coming on the show, great to see you. >> thank you very much. have a great day. gerri: you, too. we want to know what you think, here's our question tonight -- log onto gerriwillis.com, i'll share the results at the end of tonight's show. i like the window. last year's winter weather put a big chill on the housing
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market, things might be turning around. july existing home sales jumped 2.5% from the previous month. what does it mean for the rest of the year. joining me budge husky the ceo of coldwell banker real estate. good to see you. i render this report carefully, lot of good news in it. i was surprised how much parts of the market are starting to look like 2006, and this is a real recovery. these prices which are now at six-year highs are sustainable, are they not? >> what we're seeing is in the numbers, and an overall positive week for housing news between the resale report as well as new construction starts. but i think the most important thing is not just the positive numbers, the story behind the numbers, which indicate we're at a point we're making that transition to a normal number. gerri: how many people told you we would never get back to 2006
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levels? >> too many. look at numbers now. investor activity down significantly. first-time homebuyers coming up. inventory starting to rise. these are prices starting to stabilize and move the pace decelerating into a pattern that is more sustainable over the long run. this is what we want to see to have a predictable long-term sustainable recovery. >> i think you got help from the fact that interest rates, mortgage rates have not popped. not jumped higher like everyone expected. are you at risk again if the rates go back up? >> i don't think anyone suggests that there's going to be significant rise in the interest rates on a level that would impede the overall recovery. any interest rate rise is going to be tied to overall strength in the economy. should they rise, it's not exactly a bad thing. gerri: what does this tell you about the rest of the year? we thought this was going to be a huge breakout year, we continue to see recovery in the back half.
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>> of course we were hampered by the lack of activity in the first quarter of the year, but if you look at what nar and fannie mae's forecast is, it suggests increase in 2 or 3% in sales volume in resales versus last year. it will be a respectable year and position us well into 2015. gerri: they did downgrade housing outlook at fannie mae, there is a little concern there. over the course of the whole year what's gone on. we had the weak first quarter. the big question going forward, where will rates be and will people afford the higher prices. >> what do you make of the state of the consumer? you're somebody who wants a healthy and happy consumer. >> there's no question that the consumer still desires to own real estate. reality is that at this particular time, we're moving back to the fundamentals. the strength of the overall economy, job growth, wage growth, all of those things have to occur in order for the recovery in housing to move at the pace we'd all like to see.
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gerri: so at the end of the day, you don't want to shoot the lights out necessarily, you want something that is repeatable every year, is that right? >> we actually prefer a more boring market versus the swings we've had during the last 10 to 15 years. gerri: i can see that. great to see you. >> great to see you, thank you. gerri: still a lot nor come this hour, including your voice, your voice is important to us, during the show, we want you to facebook me, tweet me fbn. and at the bottom of the hour, i'll read you e-mails. and next, major changes on the way involving some of the most commonly prescribed painkillers. what's happening and why the dea is involved? stay with us.
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it can bring out the worst in people. but the m-class scans for danger, corrects for lane drifting, and if necessary, it will even brake all by itself. it is a luxury suv engineered to get you there and back safely. for tomorrow is another fight. the 2015 m-class. see your authorized dealer for exceptional offers through mercedes-benz financial services.
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. gerri: the feds are making it harder for you to get that prescription painkiller. with nearly two million people in the u.s. having admitted to abusing drugs like hydrocodone, they are hoping new restrictions will curb abuse. welcome to the show. good to see you. so this is essentially a reclassification of drugs, and
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i think it's going to hit a lot of our viewers. a lot of people are taking the hydrocodone drugs, use it when you go to the dentist. it's common. what is the change? >> the change is starting in january 2013, the fda made recommendations, an advisory panel and the dea accepted them, and basically changing from schedule 3 to schedule 2, a more restrictive prescription regulation, you can't refill automatically, you need a written prescription not a telephone prescription, physicians have to do it, may be more restrictions on nurse practitioners. gerri: one of the things that's changing is that you can't get a prescription for as long as you used to. used to be much longer now more narrowly defined to 90 days. >> correct. what's going on in this country, gerri, the statistics are astounding. drug deaths more than traffic accidents. 80% of all prescription pain pills in the world are in the united states, consumed in the united states.
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drug deaths, painkillers have quadrupled since 1989. it's an epidemic and we have to make changes. gerri: well, you know, we know that overdoses kill nearly 15,000 people every year. there are 259 million prescriptions written in 2012. on and on it goes. we see the numbers higher and higher, so do you think these are overprescribed, and the situation where people have it sitting in the bathroom in the medicine cabinet and reach for it when they shouldn't. >> in cardiology, physicians rely too much on pills, not enough on preventive things, cardiology, exercise and diet. with this, other things to speak about to relieve discomfort. there is an epidemic with the serious drugs than this drug such as oxycodone-type drugs, which are more serious killers in the country. gerri: "consumer reports," the most recent cover story on the
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abuse of prescription drugs. not illegal drugs as you're saying, drugs that are prescribed and abused. is part of the problem people mix and match and use them together and take too many at one time? >> people get hooked on the drugs and need more prescriptions at higher doses. three-quarters of all drug deaths in this country are not cocaine, not heroin, it's prescription drugs. the deaths from prescription drugs have quadrupled since 1999. this is a serious problem. why it's happening, i think several reasons. it's people going into medicine cabinets. illegal drugs, prescription drugs getting on the illegal market. the government has to do more to help this particular problem. gerri: this is hydrocodone drugs, that includes vicodin? >> vicodin and hydrocodone combination with something else. oxycodone causes more deaths, it may be there are more illegal prescription drugs.
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we have to take a serious look at. gerri: thanks for bringing us the story with the late-breaking one and appreciate you jumping on it for us. >> my pleasure. gerri: thank you so much. later in the show, how safe is our food? new warnings over u.s. imports, chicken from china. and forget the smartphone, the newest trends in plastic, smart credit cards. how they work next, don't go away. wondering what that is? that, my friends, is everything. and with the quicksilver card from capital one, you earn unlimited 1.5% cash back on everything you purchase. not just "everything at the hardware store." not "everything, until you hit your cash back limit." quicksilver can earn you unlimited 1.5% cash back on everything you could possibly imagine. say it with me -- everything. one more time, everything! and with that in mind...
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that's why i always choose the fastest intern.r slow. the fastest printer. the fastest lunch. turkey club. the fastest pencil sharpener. the fastest elevator. the fastest speed dial. the fastest office plant. so why wouldn't i choose the fastest wifi? i would. switch to comcast business internet and get the fastest wifi included. comcast business. built for business. . gerri: ups customers may have had debit and credit card information exposed. according to a company spokeswoman, the information includes names, card numbers
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and postal and e-mail transactions of about 100,000 since january. 51 locations in 24 states is blamed. only 1% of the company's 4500 franchise stores. for a complete list of the locations where the malware was discovered, go to the ups store.com/security. and it's time for a look at stories you're clicking on foxbusiness.com. a record-breaking bank settlement. bank of america agreed to nearly $17 billion deal with the justice department over its role in the mortgage meltdown. the settlement is the largest of its kind so far. jpmorgan agreed to $13 billion deal and citigroup $7 billion. family dollar is rejecting dollar general. dg offered 9 billion dollars and was ready to close 700 stores. who needs the antitrust
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standards? . stocks taking the s&p 500 back into record territory. investors moved by a report showing the number of people seeking unemployment benefits at a multi-year low. it wasn't all good news, sears says second quarter loss widened as it continued to struggle. lost 573 million dollars compared to 2 million dollar loss last year. they are trying to turn things around. those are some of the hot stories on foxbusiness.com. coming up, will copper really take your pain away? we're putting infomercial products to the test. and more of the ongoing investigation allowing chicken from china to make its way to your dinner table. stay with us.
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. gerri: a consumer alert for you now. another car recall. honda recalling 12,000, 2015 fit subcontacts to make the steel front bumper beams more crash resistant. the tiny car flunked recent insurance institute highway safety front end crash test. energy from a crash would spread over the entire front of the car. the change has helped the fit get an acceptable rating in a second crash test. from cars to infomercials, are you tempted by those late night infomercials. seen on tv touts 1500 products claiming to improve your life. in fact, they raked in nearly $2 million in revenue last year. when it comes to products for your health do, some doior harm than good. dr. kevin campbell assistant professor of medicine at the
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university of north carolina. we've got good ones here. >> we sure do. gerri: i hear about this all the time. people are always talking to me about it. we have copper bracelets. what are they supposed to do and how you rate them? you can see them right here. >> the copper bracelets, they claim this will improve circulation and decrease the arthritis pain that you might have. a lot of my golf buddies in my group called the morons swear by these things and swear they actually work. gerri: how would copper bracelets do that? >> there is some thought, if you don't have enough copper in the system, it can involve the arthritis pain and improve that pain. in actuality, no one is copper deficient, you have to have a bizarre illness where you don't absorb the nutrient in your stomach. almost never seen. gerri: the copper bracelets, they're very pretty. what would you say? >> definitely sell them unless you want them as jewelry you. >> rate them sell. >> yes, they are not worth the
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money. gerri: here you go, take a look at that. i love that animation. we've also got copper gloves. i have to tell you, i know a lot of people who swear by copper clothing, copper gloves. what are they supposed to do? >> they say this improves circulation, decrease injury, decrease pain, when you have arthritis in fingers. one of the things you need to understand it's a compression sleeve. the fact it compresses the joints keeps the joints warm, improves circulation, that part works. the fact it has copper in it, completely irrelevant. >> how do you rate it? >> this is a hold. if you bought it, you can use it, it's not going to do anything, bad. but you can get a much cheaper neoprene sleeve or glove to do the same thing without copper. gerri: there is something with a b-active brace.
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>> it claims to cure or alleviate pain from sciatic back pain, caused by the compression of nerve root in the spine. if you you in the brace on your leg, above or below the knee, you end up pushing on pressure points that relieve the pain. scientifically that doesn't make any sense whatsoever. gerri: do you recognize that commercial? have you seen it for the b-active product. buy, sell or hold? do you like it? does it work? >> definitely sell. if you have you sciatica, you need steroid injections in your back, maybe surgery, therapy. putting a wrap on your leg, probably not going to help you. gerri: this is so funny, i think you pronounce it kanokie foot pad. have you yucky stuff in the system and it goes through your feet. what claims are made here? >> by sleeping with these
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things on the bottoms of your feet, it will leech out the heavy metals and impurities in your body. and they are pretty clever. they make them turn black when they come off. what it is a normal chemical reaction, they have vinegar on them and become black when they oxidize. the company who made this stuff settled a justice department settlement for millions of dollars for false advertising and false marketing of this product. gerri: really? >> i just learned that today. gerri: buy, sell or hold? >> definitely sell. if you want to use it to start a fire for kindling or something, maybe. gerri: okay. no questions about your view on that. wax vac. do we have it here? >> we do. gerri: tell me the claims here. >> a safe and effective way to remove excess ear wax from the ear. and the commercials are hysterical. they show people hurting themselves with q-tips.
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>> it's a machine. is it a vacuum? >> supposedly is a vacuum. in reality when you test it, it's not got enough suction to suck water out of a cup. gerri: it's not working but not like it's hurting you either. >> it won't hurt you but probably not do anything but suck air out of your ear. gerri: why not use a q-tip. >> exactly. gerri: buy, sell or hold? >> definitely sell this one. gerri: another sell. you're on a run here. you're going to kill all our advertisers. one thing we did not cover is the black band i'm wearing here. what is this for and what does it claim to do? >> this is a magnetic band, and it is claiming that it reverses the polarity, the magnetic field around you and orients it in a better way so you have better balance, more stability and less fatigue. gerri: do i have a magnetic field? >> apparently you do. they have the trademark technology that emanates from
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the wristband of rubber and magnets. the magnets are rare earth metals. i'm not sure they would stick anything. gerri: do you like anything here? we've got a lot of products, anything you would give a big okay, i love this. >> honestly, no. what disturbs me the most, this pries on folks who watch tv and maybe don't think about what they're buying. i think it takes advantage of senior citizens and others who just may not really investigate fully what they're buying. gerri: you want a quick fix, can i find a quick fix on tv? >> no quick fix, it's about diet, exercise, hard work, physical therapy and seeing your doctor regularly. gerri: darn it. thought i might get away with something easier than that. dr. kevin campbell, great stuff. >> thanks for having me, gerri. gerri: if there is a product you want to know more about, we'll do a live demonstration. facebook me or e-mail me at the show at gerriwillis.com. we want to hear from you, you, some kind of product that you
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like or want to see us demo. we will. we've determined whether the products work, if you can believe it, there are sillier ones on the market. in tonight's top five. the weirdest infomercial. number five, if you find seat belts uncomfortable, if the shoulder back is too tight, stick the bear to the belt and voila! no more pain. because the way we use toilet paper is too old-fashioned. use a glow-like rod instead. interesting. number three, the bear scratch. use a whole three like the bears do. you nail it into the wall. that sounds painful. number two, the hawaii chair, it helps with ab exercises but may help you, you throw up.
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and the number one weirdest infomercial product is the potty putter. forget the newspaper and the ipad, practice putting sitting on the john. that's multi-tasking. what's wrong with that, i ask you? i kind of like that one. credit card technology hasn't changed much since the nixon administration, but when we come back, we're going to show you the new high-tech smart cards.
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shingles the pain in my tremendouscalp areailot. and down the back of my neck was intense. it would have been virtually impossible in that confined space to move to change radio frequencies. i mean it hurt. i couldn't even get up and drive let alone teach somebody and be responsible in an airplane. as a pilot that meant i was grounded. gerri: when you open your mail tonight, you might find new credit card like this one. see it? it's a little different. looks a lot like your old credit card but works differently. i have to tell you it is about time. for some time on the show we've been calling on big credit card companies to get with the times.
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technology on order in your wallet was first developed, during the nixon administration. to tell us about new cards, how they work and why they're safer, we are joined by stephanie erickson from visa. great to have you here. start with the idea that these cards might be safer? what do they have? what is the technology? >> great, thanks a lot, gerri. they are equipped with emv technology. it is basically a computer chip added to your car, the card will have a mag stripe on back until the technology becomes more prevalent around the world and in u.s. the chip provide the ability for card to create unique code for every transaction conducted with the card. so if that data is ever stolen or hacked out after system it can not be reused to create a counterfeit card. gerri: i want to repeat that a little bit because that is the secret sauce here. there is code given to each and every transaction, so every day
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you can't fake it to make it, you have to have the actual card. could this card, this type of card, could it have prevented what happened with the company target late last year when some people's personal information was stolen? >> yes, this technology enb chip technology doesn't necessarily prevent a data breach but it makes data breaches less attract i have for the fraudsters and for the hackers because as chip date it is more used in transaction on a daily base, there's less of an incentive for those these to go into hack into systems to steal the data because they can't use it to create counterfeit card. gerri: that is great. >> for more and more chip transactions. gerri: that is great news. people have been waiting for this moment. we've been calling for it. how do you operate this thing? when you are in the store and want to use one of these cards, can you show us? >> certainly. i have a terminal. this is typical terminal you might see on countertop of a
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coffee shop or a dry cleaner. a terminal that has a mag stripe reader. and has a chip reader in it. which is slot to put the chip card n i also have my card which has a chip on it. the little square here on the front. and still has the mag stripe on the back. so for consumer, if you're, if you're wondering how you use this card, you can still swipe it and as more and more merchants begin to turn on the emv reader in their terminals, what would happen you would insert your card into the reader just like that. and then the clerk would enter the amount of the transaction or it may already be entered in advance of you putting your card in. sorry, it is prompting me to insert the chip in the reader. hang on a moment. insert the card into the reader. the clerk would insert the amount for the transaction. and then the receipt would print. it will prompt me to remove my card. and then the receipt would come
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out for the card holder to sign just like you do today. gerri: is there a pin that you need to enter? >> you can enter a pin or can sign or not sign as you do today. there are many merchant that are already taking no signature or pin for transaction -- gerri: all right. i believe we lost our connection, our satellite to stephanie. that is too bad. but she did show you the most important technology and exactly how it works. what you will be doing when you go into a store and you use one of these cards with the new chip technology. that is really what we wanted to show you. thanks to stephanie and visa for helping us out with that. now we want to hear from you. later we have more on the ongoing investigation into the usda allowing chicken from china to make its way towards your dinner table. first is some of your emails on the topic. kay from north carolina said i wouldn't buy chicken if i knew it was from china. if they use lead paint and
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harmful things on toys no telling what they do from chicken. don't buy any products from china i know it. >> carl from pennsylvania, i don't buy anything i know from china. you want to buy all american when it comes to chicken. we love hearing from you. go to gerriwillis.com. farmers almanac says batten down the hatches that this winter may be worse than the last. but do you believe them? or do you trust your local weather person. richard says he trusted my sigh at can. jimmy writes, the best forecast i ever known was called out the window weather. looked out the window and called the weather. i believe that. facebook, katy says, farmer's almanac. at least they're close. here is steve. no one. it is what it is when it arrives. still to come my two cents more. more than 34 million americans hitting the road next week. what should they expect to find at the pump? we have good news coming up
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gerri: lowest gas prices for this time of year sincerely 2010. the director of aaa heather hunter is here with details. welcome to the show. what are you looking for? labor day what will the prices be like? >> right now the prices for average gallon of gas is $3.44 a gallon. that is about 15 cents from last year. aaa is expected prices to be
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stable or decline slightly into the labor day holiday. so travelers this year will spend lowest prices that they have seen since 2010. >> i think that's great news and i love to hear it. talk about some other costs people might find when they travel, whether it is flying. what kind of fares you will face or hotels, what do you see? >> for air travel, travelers are spending about 2% more this year than they did last year. if you're renting a car, prices are right in line with last year at about $51 a day. however with more travelers we are seeing hotel costs increasing. moderate hotel, aaa three diamond hotel is up by 6% this year. two diamond hotels 9% higher than last year. gerri: i think people always want to know how many people will be competing with them on the road. your forecast is for 35 million people out there driving of is that high or low compared to last year? >> we're up from last year but
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by 1.3% but we're expecting greatest travel volume since 2008. postrecession this will be highest year. 30 million or 86% will hit the roads. gerri: should we take something away from that about the economy? are people more upbeat in your view? >> yes, as the economy continues to make modest gains people are confident about planning a last summer vacation. consumer spending continues to outpace income growth. so people are feeling more confident in taking out credit card to finance their summer vacations. gerri: now is most popular way to travel by car for this particular holiday? >> yes. car travel is the most popular by far. about 86% will be traveling, making their way to their destinations by car. about 8% will be traveling by air. gerri: any, any advice for people out there who will be getting in their cars over the labor day weekend? the best place to go for tips on road conditions and number of people who are out there, where
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the tie-ups are? >> i think definitely you can check dot websites before you head out. carry an app with you if you need to alter your itinerary. mainly give yourself plenty of time to arrive at your destination. the roads are going to be busy. make sure all the precious car go, including kids and pets are properly restrained in your vehicle. gerri: heather, thank you so much. great stuff. and good news. >> thank you. >> well, from the car, in the garage to your kitchen, we've been following the issue of china getting the go ahead from our federal government to export chicken to this country. we know you're as concerned as we are over chinese food making its way to your local supermarket, especially as you sit down for dinner tonight. the usda tells it is going over the final paperwork to make all this happen but when china begins shipping chicken here is something the usda can't or won't tell us. for most of us we have the food and safety director for science
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in the public interest. welcome back to the show. always good to have you with us. this is an issue important to you as well. i think one. reasons we get so concerned about it is because we've seen all the stories in the past on china and looked to their safety record in the newspapers. things like mercury in baby formula, tainted milk powder. that story about the pig carcasses dumped in the river. rat meat sold aslam be. on and on it goes, bird flu. what would you say we know about china's track record? why would the usda give the green light to bringing chinese chicken into the u.s.? >> you know, we import food from all over the world and many countries are highly developed. they have good safety systems we can rely on but the same is not true, especially some developing countries and china has had a very large number of problems linked to its own food supply. so it is certainly a country
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that usda should pay special attention to. gerri: we hear from our viewers all the time about their concerns or worries. if you don't think about chinese chicken, think about the problems we already have here with process chicken. food-borne illness in the u.s., 4million illnesses. 128,000 hospitalizations. how can we be sure chinese chicken in this country is safe and we can't take care of chicken processed here in the good ol' u.s. of a? >> you are bringing forward a very important point. usda just ended a outbreak and small recall but a very large outbreak of affecting over 600 people that were linked to three foster farms processing plants on the west coast. so, the department of agriculture really need to be doing a much better job at regulating poultry products.
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cspi for example has asked them to declare salmonella strains that are antibiotic resistant to be adulter ants. similar to what they do with e.coli 1457. there are steps that usda could be taking but right now they are not making consumers feel confident that the chicken we're eating is safe, whether it is domestic or imported. gerri: so does the department of agriculture have the tools it need to shut down a company that, like foster farms? this was a problem that was ongoing for months and months and months and basically, regulators just kind of threw up their hand? >> will and worse yet, they didn't even recall the product. even though they knew people were getting sick they continued to allow the company to sell it. it is critically important usda solve these problems. if it doesn't, that congress
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step in with appropriate legislation. i think that may be the next step. gerri: i do not with, before you go, we got a statement from the usda i want to read that because we've been asking them, when, when, when, we'll have this chinese chicken in the country. they say china can not begin to export processed cooked poultry products to the united states until fsis, one of their agencies, determines that china's official certificate for poultry exports to the u.s. meets regulatory requirements. china recently submitted the certificate for review. what is your reaction to that? sound like it is coming and nothing we can do about it? do you think there is any chance they will change their mind on this. >> i don't think usda will change their mind unless congress steps in and changes their mained for them. but one thing -- change their mind for them. look for country of origin label. it should be on products coming in from other countries,
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especially meat and poultry. certainly has been challenged but it is the law of the land. so which would like to see country of origin labeling. that gives consumers the information they need to decide what food they want to buy. gerri: carolyn, i wish you could go on. i have so many more questions. thanks for coming on tonight. appreciate your name. >> thank you. take care. gerri: you as well. around we'll be right back.
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>> television has come along way since her grandmother's zenith console. but how do you decide what to buy and when? we turn to our friends at the good housekeeping research institute. they used to call television the boob tube. but not now. so-called smart tvs are taking over the market place and this may be a dumb question, but what is the smart tv? >> that come preloaded with
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applications, to get additional applications and they offer you the opportunity for full browsing capabilities and sometimes it might be netflix, youtube, it depends upon what you want. gerri: rachel roffman is the good housekeeping research institute leader of. >> here you are looking at tvs of 5000 to $2000. gerri: if you're like me and you did frustrated by remote controls, we are not alone macri understanding to i understand you had a call one of these manufacturers are self? >> yes, i did. gerri: you are an engineer, so this is ridiculous. >> that is correct. gerri: many of the new smart tvs also have an integrated camera and it will make you feel like
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you could even pass the cranberry sauce. but if you're concerned about someone hacking into the camera in your bedroom or living room, most of them allow you to point them away from you. >> my sister has a smart tv like this. gerri: 3-d is also a popular feature. >> i love 3-d. not right after dinner, but you know. >> some of these have a motion detector in case you leave the room. >> some of these have motion detectors. so if you're not moving at all, it will turn off.
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gerri: brito says beware of this featuring. that is how some stores managed to sell for much less. >> some of the bignell let like costco and big stores like best buy, they are de- featuring and so you may have less ai ports and it's really important you go into a store and check it out. he wanted to be in a natural setting state because in the store they really hype it up. they have content that looks really great and you may be surprised when you get home that it doesn't look quite as wonderful. >> rachel says that black friday and the rest of the holidays are a good time to buy a new tv and that's what the retailers are trying to get. the old set out of the store so they can make room for new models. gerri: rachel says people are replacing their tv sets now more
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than they did a few years ago but because consumers want to upgrade. that's it for tonight "willis report" and charles payne is next. ♪ ♪ charles: tonight on "making money", the importance of understanding the tone of the market. another reason the you keep missing this and if you know how to read the signs, you will be a confident investor in these rallies. and plus, the worst case scenario from obamacare has begun. a devastating picture of painted of the so-called affordable care act. we have investors to produce what we
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