gerri, you're taking a look at another example of government overreach. new capital requirements for banks. gerri: that's right, david and cheryl, thanks for that. government in its wisdom thinking about forcing the mutual fund industry to make expensive changes. hey, guess who will pick up the tab for that? also coming today on the show, got more money? you will need it if you are going to buy milk. we'll explain. also the smartwatch will finally be reality. we'll tell how much you have to pay to get it. how do you know if you were a victim of the home depot hacking? we'll help you and other consumers find the answer. "the willis report" where we help consumers which is our business starts right now. well the federal government could be putting your retirement savings at risk. regulators are becoming, well, oversell us in finding threats to the financial system and looking straight at your mutual fund. in fact government overreach could lead to you losing tens of thousands of dollars maybe more.

here to explain, doug holtz-eakin, president of the american action forum. brian reed chief economist at investment company institute, a trade group that represents the mutual fund industry. guys, it has been almost six years to the day that lehman brothers filed bankruptcy and the government ever since has been trying to find a way to keep that kind of financial disaster from happening again. doug, who do they have their sights on now? and what do they want to do? >> well the group in question is the financial stability oversight council which was created by dodd-frank. it has enormous powers to designate a financial institution as systematically important. if they do that, they then fall into what is meant to be a much tougher regulatory regime, specifically though, they would end up with the capital charges of 8% in, in a bank-style regulatory setup. this is utterly inappropriate for mutual fund. it makes no sense whatsoever.

it will cost people a lot of money. gerri: let's break that down for just a second because what you is a mouthful and very, very complicated. brian, i will turn to you. look, big banks, you know, you look at jpmorgan chase, you look at citi, you look at goldman sachs, the big investment banks, the big trading houses, those companies, boy, they can create a lot of mayhem and they sure have in the past. what about the mutual fund industry? is your industry, are you guys going to create just a nightmare for the economy? how, what are the chances? there is never been a case in 75 year history where mutual fund or mutual fund investors take financial market problems that dodd-frank intended to address. concerns are here, rules put in place, applied to mutual funds are detrimental and detrimental

to the economy as well. the flow of capital would slow,. >> would stop that up like turning off a fawcett. doug, i'm trying to simplify this this is not that complicated. bunch of regulators decide the they have to put wrist discuss on mutt wall fund industry or close to doing it. they would essentially put in place capital requirements that would hamstring this industry because it doesn't operate like banks. tell us how the structure of this business is different from a goldman sachs, different from a citibank. >> i can give you a very simple example how different it is, lehman's asset manager is still in business. lehman brothers went away but asset manager is still around. why? if you look at a mutual fund, it takes your money and invests it some stock say. that means that there is always something backing that mutual

fund. they can sell the stock, give you your money back. you will never get into a problem. gerri: last time i looked it is me taking losses. >> that's right. >> flows right through to me. you know and i guess the fear, brian, here is what i'm hearing, you tell me if i'm right. the fear government has, every american will pull all of their dough out of the market at the same time and you know, what is going to happen? what do you respond to that? i mean you guys don't have control over that, obviously. but that is what they think is going to happen. >> well, it has never happened, first of all. that is just not the way fund operate or investors operate. when i put my money in a mutual fund, i'm investing for the long-term. i'm investing for my retirement. i'm investing for my kids education. we find this money and investors are really stable. they're providing a base of support actually for the capital markets and they make the capital markets more stable. it is ridiculous to try to -- gerri: here is the test, my friend. here is the test, my friend. what happened in 2007, 2008,

right? what a nightmare. people did not want to be in the markets. did everybody pull all of their money out of mutual fund. >> no. that is the answer. the money pulled out was a couple of percentage of the overall asset. vast majority of money in the market and stock fund in the beginning crisis were there during and after the crisis as well. gerri: you know, doug, i don't get it. i need you to talk to me a little bit what this ultimately could cost consumers. because they're telling an industry to have a capital oshkosh shun that probably doesn't need it. where would the money come from. if you run a mutual fund, where would you pull%? you. >> to pull it out of earnings. no other place for that money to come from. over long-term investor's life, exact person in a mutual fund we're talking about 25% reduction in returns. $100,000 for lifetime investor. gerri: repeat, whoa. repeat that. so are you telling me that you

will earn 100,000 left over the lifetime of investing because of some rule from some obscure government committee? >> 100%, that is exactly what is at risk here. and remember, that obscure rule is just disguised tax. forcing you to do something different. you might as well write the check to the federal government and it's a big check. gerri: brian, quickly, i know this isn't a fast answer, but, what should be done? should the government do anything to try to prevent another 2007-2008? >> you know they have done that. one of the clear sources was leverage and trying to keep the amount of debt sort of manageable. mutual fund don't issue debt. when i invest in a fund i'm investing directly in that stock and that bond. the actually, mutual fund provide stability and i think that is what is important to keep in mind. regulators have dealt with it. let's not overreach here. gerri: so bottom line, if this happens, investors like me and

you will be paying double the fees on our mutual funds. i tell you, i pay enough fees already. i don't need enough fees, particularly ones instituted by the government. doug and brian, thank you. >> thank you. gerri: well the government isn't only putting your finances at risk but your safety as well. listen to this. an inspector general report reveals homeland security is quote, ill-prepared for potential pandemics despite having a $47 million budget. with more on this. david: michael balboni, senior fellow at homeland security policy institute and former new york state homeland security director. knows what he talks about. michael, welcome back to the show. this is just outrageous. how did this happen? what is going on? >> unfortunately if you look at gao reports in the past, government accounting office. you see this is kind of a, something happened before. this not first time this is happening. but what is happening right now, in the wake of ebola and incident, people in this country are saying, gee, are we

prepared? what you find from this report. the $47 million that congress put back in 2006 has not been spent the right way. now, when i was here in the states i had role in overseeing stockpiles here. it takes maintenance. it takes rotating the stock. they're not doing that. some of the things in the report i know you have seen are kind of outrageous. 16 million surgical masks but yet they don't say why they need 16 million. gerri: why do you need 16 million surgical masks or 350,000 white coverall suits? they didn't establish a need for any of this. just to show folks some elements out from this report, i want you to see this, 81% of antiviral medication on hand will expire next year. 84% of hand sanitizer stockpiles have expired. less of an issue in my view. stockpiles of five million in antibiotics might not be usable because how the medication is being stored. what is going on at homeland security? why are we so lax about this?

particularly now when we face threats on every level? we face health threats. we face threats from isis. what are they doing? >> well it is really their job to watch this. difficult to maintain a lot of these stocks, granted. you never know when they will be used. what type of preparation you have to do. but that is what they're supposed to do. that is their whole charter. they have oversight. other thing you pay attention to, we're look lack opportunity to leverage new technologies. there are anti-anthrax sack keynes we can use. there are -- cac convenience we there are different strategies we can use. if you're not focused maintaining stockpile and constantly engaged you lose those opportunities. gerri: so is this in your view a national security issue? we're talking after all, about stuff that makes people healthier. stuff that would protect people in the event of a national pandemic. is that a national security issue?

>> it erodes people's confidence if something were to happen the government will be able to respond. real challenge, if you had all the right things, responding effectively to a pandemic with all the panic associated with it is very difficult thing. go back to h1n1. gerri: no kidding. what should they be doing right now? >> department of homeland security accepted office of inspector general report. they say they're correcting this. they have a whole bunch of recommendations they're going to adopt and taking money an applying it and not walking away. continue to monitor, rotate and make the stockpile effective. not to have it on the shelf. gerri: given in previous reports just like this, how confident are you the problem will be fixed? >> that is the oversight of congress. talking with congressman peter king this is his constant effort. constant effort. got to watch how the department does this stuff. gerri: great to have you here, michael. i know we'll see you soon. thank you. we still have a lot more to come this hour. including your voice.

your voice is important to us. during the show we want you to facebook me or tweet me @gerriwillisfbn. send me e ail by going to the website, gerriwillis.com. at bottom of the hour we'll read emails. what you think of the show, what you would like to see. seems we're paying more for everything these days. now you an add milk to the list. waituntil you hear numbers coming up. crises. ♪

gerri: don't have to tell you, you problem already know. milk prices hit new high. prices are up even though americans drink less of it. the high prices pushing up other consumer staples like cheese and pizza. for more we have the editor of supermarket guru.com. good to see you, phil. welcome back to the show. so why are these prices so high? >> well, there is a variety of reasons. as you point out there is actually decline in per capita consumption. there is less cows out there number one. number two, we're exporting.

number three, if we look at the drought in california, what has happened and california is the number one milk-producing state in the country. what happened is the feed is too expensive. you actually have dairy farmers who are selling off their cattle because they can't afford to feed the cows. gerri: wow. you know, i like milk a lot but what i like even better is butter and cheese. let's look at those prices. they are up too. cheese is up 7.1%. butter up 16.5. this is interesting. i mean, you raised the price of milk. a whole category of things go higher in price. phil, how does it ripple through? >> well, take a look, number one, about milk. about 30% of milk is actually used for fluid milk or cream. then, you've got the other part, about 13%, is actually used for export. of that, 30%. but then the biggest use of milk, about half of milk is actually used for cheese. so, the ripple effect, as you point out, whether it is cheese,

whether it is yogurt, cream cheese, cottage cheese, the list goes on and on, ice cream, pizza. gerri: i like it all. >> i do too. milk is good for us. let's not forget. we still have vitamin-d deficiencieses. we still have calcium deficiencies. milk is a good thing. gerri: the thing that got our attention what they call class 3 milk futures. this is milk used in products like cheese and yogurt. it is up 26% this year alone. it is at the highest price now than it has ever, ever been. i just, i still don't get why those prices can go up so much when we have so much less inflation in other parts of the economy? how much of this milk are we exporting? is that the problem? >> no. only about 13%, most of that goes to either mexico, china, or canada. but, keep in mind, when we talk about the futures markets, there is speculating what is going to

happen. gerri: right. >> for example, a lot of the food and a lot of milk used in processing today, they already have the contracts going back a year, two years, three years. so it is really projecting what the price of pizza is going to be like in a year, two years, or three years and that is what is driving it up. gerri: that is not good news. if that is where they see prices going. i want to share with viewers, a picture from dylan, who showed us his fridge. i asked people to tweet us some pictures. dylan tweet ad picture of his coconut milk and his booze, crown royal in his refrigerator. of the tell me what are the substitutes that are gaining a lot of ground and really selling? >> well, the fastest growing is actually almond milk. soy used to be but soy sales declined. whole bunch of reasons for that. some have to do with allergies. some to do with scientific reports but almond milk is the clear winner right now. when it comes to coconut, we're

seeing a lot more growth in coconut water than actual coconut milk. it is about the same but coconut waters, many are adding sweeteners to them. they talk about hydration for athletes. really more of a replacement for gatorade, if you would, versus cow's milk. i think we'll see more and more alternatives as time goes on. and again, you know, per capita consumption since 1970 is down substantially. gerri: why? >> we're talking about it being down 40%. gerri: why? >> they are not drinking milk. they're drinking more soda. that is the number one cause. drinking more water. and frankly a lot of dairy farmers, even though right now their profit margins are terrific because of these high prices but a lot of dairy farmers gone out of business because of losing those sales. gerri: i understand, being a dairy producer right now can be pretty lucrative. phil, there is nothing better than a glass of milk and a pbj? you know what i mean, that fine

eating in my view. one final question for you here. there is a, you know, the question of nutrients. because milk gives you calcium in a way some of these alternatives do not. what should mom and dad be thinking about? >> mom and dad should be thinking about vitamin-d and calcium both together because it aids absorption. as you point out, naturally occurring calcium is better than calcium b added to things. we see a lot of calcium in juices and like. gerri: right. >> not absorbed as well in oured about dis. we have to read the labels. i agree with you about milk and peanut butter and jelly, perfect combination. the milk producers have gotten about that. they're trying to get us to drink chocolate milk. they're trying to put bubbles in milk. they're trying to do all things. drink milk the way it is supposed to be drunk with peanut butter and jelly sandwich, we'll all be happy. gerri: we'll all be happy.

phil, thanks for coming on, phil, thank you. >> good to see you, gerri. thank you. gerri: maybe we'll get a pbj on the set. are you drinking less milk? vote on gerriwillis.com. vote on the right-hand side of the screen. i will show you the results at the end of tonight's show. coming up later could doctors start treatment for children with autism as late as six months? a new study with big surprises. best-selling vehicle stuck together with superglue. that is the ford f-150. no kidding. you will want to see this. no kidding. ♪ when fixed income experts work with equity experts who work with regional experts

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gerri: ford motor company getting ready to launch its all new 2015 f-150 truck, but it is made mostly out of aluminum, the way it is put together well, it is quite interesting. with more on this, jeff flock who joins us from romeo, michigan, jeff? >> just one of the interesting storylines, gerri. this is interesting truck. all aluminum right there. when you make it all out of aluminum, you take 700 pounds off the truck. essentially you can toe and carry 700 more pound that you used to because the truck isn't 700-pound heavier, right, eric peterson? >> that is absolutely right. take the weight out of the truck it has better capabilities and better efficiencies and that is better way to make a truck. >> gerri is adhesive issue. used to be steel with welds. and now aluminum with rivets and glue i would call it. how could i possibly be as

strong? >> high strength adhesives, go with high strength military grade military aalloy and rivets and blue. the strong ad theseselves go along with the rivets and screws with powerful bond. we use more advanced adhesives. >> here is the deal, gerri. the prove is in the ride i think. that is what we were able to do, first reporter, i was proud to be the first reporter to take a ride in the new f-150 all aluminum. we really put it through its paces today. we went through something called silver creek, which essentially is a torture track. >> durability test. it is modeled after a tough creekbed dried out to do most extreme type testing to toughest durability run to prove not only this truck but all of our trucks are built ford tough. >> i got to tell you, gerri, headline is getting a ride and feeling what this truck is like. a lot of people will feel it will feel light and flimsy. i must tell you that my layman's

read on it feels like a reeling lar truck to me and a lot of the dealers here, you had dealers here today, people that will be selling this truck, you're on a 26-city tour. you're heading off this is gamble for ford. you're taking gam medical in next city of las vegas. >> we like to look at smart investment. we're excited. more capability and efficiency. take this to our dealers and customers. dealers get a first-hand experience with touch and materials. drive the truck. get same kind of confidence we have so they can pass it on to their customers. >> biggest launch for ford since maybe the mustang in the early '60s. it's a big thing for this company. best-selling vehicle in this country for the last three decades, gerri. it was a fun day to get a look behind the scenes at how they are getting this vehicle out there. it will be in showrooms in december. gerri: jeff i have some questions. but i do want to say, you are a total rock star for being the first journalist being able to

drive that. i have more questions about the adhesives. if it gets really hot, does it become unglued? and further, further, aluminum, like the last car i remember that was all aluminum, wasn't it the delorean? i just, is america going to accept an all-aluminum f-150? this is iconic. this is such a critical brand. >> well, first of all, no cocaine was purchased in the construction of this car, unlike the delorean, the last aluminum car we saw that was popular. these adhesives, do you know, dt hot? only question, maybe. sound like not so much. >> no. actually the heat actually helps form that bond, so we actually heat, heat the aluminum, heat adhesives to create a nice bond with the material. >> makes it stronger than the actual aluminum itself. >> increases strength. this truck gets stronger with the heat. >> different aluminum perhaps than the aluminum the delorean

used in day? >> i'm not familiar with they used in the day but military grade lump e aluminum in this truck is enough to be built ford tough. >> built ford tough is what they say, gerri. gerri: mighty pretty. tell you that. jeff, thanks for coming on. appreciate your time. >> thanks, gerri. appreciate it. gerri: time now for a look at stories you're clicking on foxbusiness.com. the united kingdom may have one countrier as scotland is vying for its independence. the referendum is scheduled for september 18th. top british leaders are heading to scotland in a last minute bid to get them to say promising the scottish people more autonomy. more fallout a day after the baltimore's ray rice. a video showed rice striking his fiance. lon trick arts say it will eliminate all traces of rice from the madden 2015 game.

stocks slipping for second straight day. investors reacting to the home depot's confirmation it was hacked. and apple unveiled a host of new products. customers seem to turn away from mcdonald's as global sales fall 3% in august. the company is blaming its drop partly on the food safety scandal in china. food sales fell shy by about 3%. those are some of the hot sorries right now on -- stories right now on foxbusiness.com. coming up next, new advancements in the diagnosing of autism. next a fourth american stricken with ebola arrives in the u.s. we'll have a live report from emory university hospital in atlanta. stay with us for that. so i can reach ally bank 24/7, but there are no branches? 24/7 it's just i'm a little reluctant to try new things. what's wrong with trying new things? feel that in your muscles? yeah... i do...

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gerri: tonight we have some good news for parents dealing with children with autism. a new study reveals the importance of early intervention. here with more is dr. robert malilo, author of, autism, the scientific truth about preventing, diagnosing and treating autism spectrum disorders and what parents can do now. that is learnly what we're talking about tonight. doctor, thanks for being on the show. so the study we're talking about, you said it was shocking, surprising and very important to parents with autistic children. only seven kids were tested though. what did this small study showed? >> what it showed which is very important, for years people said there is nothing can be done with autism and it is genetic disorder. gerri: a life sentence. >> a life sentence, you have to manage it. this is one of the other studies showing it is not true, it is not the case. we may be able to actually eliminate it, reverse it or even prevent it. gerri: in the study they watched

babies very, very carefully. tell me exactly what they did and how they managed to pull these kids back from the brink. >> the study was done at mind institute at university of call davis. this is well-documented study. they looked at six-to-nine month old children and did an intervention which was fairly simplistic. teaches parents how to be more attentive to the child's cues and subtle social things. gerri: what does that do though? how is that an advantage? >> you know we know that in autism what we're seeing areas of brain, especially on the right side that are related to nonverbal communication, eye contact, facial expression, are delayed in development. not broken or damaged, just delayed. so by a parent maybe being even more attentive than normal you may stimulate those areas of the brain, so now they grow. and so what they did they followed these children out and found one year of age, that basically five of the seven children had no signs of autism any longer. and that one of them had much

more subtle signs. so that is a pretty significant change. >> no kidding. so, what is a parental takeaway from this study in your view? what should mom and dad learn here? >> for me, our brain mal centers we work with these children all the time. >> said you've been working with these kids for 20 years. >> we are work with, we work with higher functioning autism kids and do see elimination and significant improvement. so the idea that many of the parents come into us have been told, literally at three, four, five, six years old they need to look for institution. there is nothing that can be done. this is what happens. and what parents should know, is that be autism can be helped and in many cases it may actually be completely reversed. gerri: and you said, it is not genetic if you can turn it around. >> exactly. gerri: in fact the actual causes of autism may be what? >> environmental thing like age, vitamin deficiencies.

folic acid deficiencies. high stress hormones. exposure to certain types of toxins. mostly things we can change or eliminate or avoid or even reverse. gerri: doctor, before you go, tell parents out there who may have a small child the things they should be looking at. again these are little babies. they're not very big. what are the signals, symbols, the cues that your baby is giving you it may be autistic? >> one of earliest things, is non-verbal communication between mother and child which can be noted one month of age. it has been shown, looking at one to two months of age you can identify a child who may be autistic, focusing on mother's eyes and facial expression or looking around them also is the child rolling over appropriately? are they crawling on time? are they delayed in walk. many of those motor milestones are very, very important although many parents are note they're not. gerri: doctor, fascinating study. thanks for telling us about it. >> thank you.

gerri: another story. a fourth american who contracted ebola in west africa arrived in atlanta at the very same hospital two other aid workers successfully recovered from the disease. here with more is fox news's john robbers. john? >> good afternoon to you, gerri. there is shroud of confidentiality surrounding this ebola patient unlike the other three who came to the united states in recent weeks. we don't know a whole lot about this person. emory health care is playing its cards close to its vest as the who, this patient was working. this is american doctor who contracted ebola in sierra leone. at the same time the world health organization said one of its doctors was infected with ebola working at a hospital 150 miles outside the capital of freetown over the weekend that. person was medevaced. if you put two and two together you might come up with a four.

like others that arrived at the emory medical center. it arrived at dobbins air force base after daybreak this morning. made the ambulance trip down here to emory medical center. was able to, upon exiting the ambulance, walk into the hospital under his own power. i say his, because it appeared to be a male patient, fairly tall, dressed head to toe in the tie beck suit. the person may get experimental treatments. doctor from emory they said they believe basic medical care is probably about the best thing they can give this patient. of the listen. >> we really think high level supportive care we have been delivering to our previous two patients, ability to check labs, ability to give good iv fluids and correct electrolyte and nutritional problems will be the mainstay of our therapy. >> this epidemic is getting nothing but worse in west africa either. the w.h.o. said that, and used this word, that the patient

count is increasing quote, exponentially, which may be a bit of an overstatement but clearly, gerri, things are horrible there. every time medical services, whether it is doctor without goarders or w.h.o. opens new clinic it is inundated by hidden caseload of people out there in community they had no idea were infected with ebola, gerri. gerri: john, exponential growth. is there a way to sop this thing? >> well at the moment, no. w.h.o. expects that if you launched a massive worldwide response to this you might get control of it within six to nine months but consider these statistics. more than 4200 people have fallen ill with the disease. almost 2300 of them have died. 500 of those deaths in just the last week. and the to among medical workers, really, gerri is incredible. as of late august, 240 medical workers have fallen ill with ebola. of them, 120 people have died. i know it is a lot of figures to

digest but each and everyone of those is a person, either a person on the ground there in west africa or dedicated medical worker. this thing is just really, really awful. gerri: numbers are eye-popping. john, thanks for bringing them to us. >> thanks, gerri. >> and when we come back, we'll have the latest as home depot finally confirms, finally, finally, it was hacked. are you a victim? next the wait is over. there are rumors no more. apple unveils its new line of products. do they reserve rave reviews? is bigger better? we'll take a look. here is the consumer gauge. take a look at numbers that mean the most to you. we'll be right back. ♪ the (vo) watching. waiting. for that moment, where right place meets right time. and when i find it- i go for it.

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gerri: the curtains opened and seas departed and apple unveiled

its nowism phones. we'll introduce the apple watch and apple pay. are they really worth your money and your privacy? rob enderle, tech an from the enderle group is here with his take. before we get to anything, i want to know, did they surpass your expectations? did you feel wow, that is exciting or how did you rate the whole event? >> well, probably a b-minus on a typical scale. gerri: that is great inflation. -- grade inflation. >> everything that was announced was pretty much expected and end result there wasn't a ton of excitement. we knew about the payment program. we knew about the watch. we knew about the phones and phone sizes. the only real surprise the watch will not show up until after christmas. that is not a miss steve jobs would have made. you miss a fourth quarter profit, you miss christmas and you kind of miss the quarter. that is very interesting. we've done some investigative work here. we believe you're carrying samsung on to the set there, am

i right? >> am i carrying a samsung on to the set? into. i've got a, the phone i have a nokia 930. gerri: okay. all right. you know, suffice it to say you're not necessarily an apple acolyte. i do want to talk about the apple watch. this is getting a lot of play. we've been showing pictures they showed in the meeting over and over and over again today. do you rate it a buy, sell or hold? let's talk about some features of this thing. we're seeing pictures right now. >> with any apple product like this. basically an ipod with straps on it. you want to wait until the second version. i wouldn't buy this one. i wait to the second one. recognize these tend to be fourth quarter products. if you're giving it as a gift, nobody wants an iou in their box. so the you want something that will actually work. there are plenty of smartwatches in the market from samsung, motorola. the one folks at google conference liked was the moto

360. a couple of friends of mind have those. i think there is a plenty of product out there you can get within the christmas season. gerri: you know what i thought? i'm looking at this thing, look, if i lived in cupertino and san francisco generally and wore jeans and t-shirt to work every day it would look great. but i doesn't. i work in a place where you have to dress up so not so much. i'm a fan of apple products. price tag is $349? is that the right price point and getting fitness and workout apps, read email and see texts, there is a lot going on with this product? >> there is. recognize most of the watches coming to market will be under $200. i think that is probably the sweet spot here. apple can carry the higher price. to open up the market they can carry a higher price. i don't think it will stop apple buyers, certainly not apple fans. this is the not price we'll see volume. volume products will be between 100 to $200. eventually like we saw with the smaller ipods we'll see a lot

of these things go eventually for under 100 bucks. to start off a market and have high-end product to start it off, 350 is palatable for those folks who have the money. gerri: wow that is interesting. i want to talk about apple pay. so, the iphone 6 has it. and they're also going to put it on the watch. so now, using near field technology, which frankly is moving nor than radio signals, okay? you will be able to pay for things using your iphone, using this apple watch whenever it does actually hit the market. is it going to be worth it? here's the thing. so every american in the country is worried that they bought something at home depot in the last six to eight months and now they will have their personal identity stolen. is this the solution to that? >> not necessarily. i mean the problem with home depot or target or any of the rest is the data is being stolen from the back end. it has not been stolen from the device. as long as the store has data regardless how they got it, you're exposed if the store is

open to an attack. this doesn't protect you against that. this does prevent having your credit card stolen or credit card duplicated. somebody running around with a fake credit card, only if this is the only device that was used against your account. if you have a credit card you're really not protected because they can still get to the magnetic strip for the same banking information. there is basically a credit card underneath the iphone app. so it doesn't really solve a problem. makes it a bit more convenient. the phone i've got here has nc built into it. when it works right, you tap it on something and pays what you're tapping on. if you transfer payment and payment is transferred. it is quite a bit easier and much less likely to leave it behind than you would a credit card but it doesn't solve the problem with exposed, with stores that aren't secure enough. gerri: you know there is that old-fashioned thing cash, too. would be using that as well. >> that is true. gerri: rob, thanks for coming on. good to see you. >> pleasure, same.

>> still to come, my two cents more. next we answer the question, how do you do that? now that home depot confirmed it was hacked how do you know if you were a victim? we'll tell you after the break. ♪ can you start tomorrow?

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thanks tore joining us. 60 million people and same malware used in the target breach where 40 million were initially impacted. are we not learning anything? what's going on here? >> it is just crazy, isn't it, that we have the target breach with 40 million. we have home depot with 60 million, using same breach tactic, going into back end of point of sale system n target case it was heating and air contracting contractor that had access to everything. now we have home depot, it brings up the point are we winning a war here? i think hackers are in charge right now. gerri: it would seem that way, that's for sure. seems like we hear a new name every day. a lot of people are out there asking, can i find out if my identity is stolen before i lose money? what is the answer to that? >> you know, here's the deal, no longer can you be just a passive consumer. you have to be a proactive. i know so many people you don't want to check your bank statements or credit cards

because maybe you don't have a lot of money in the bank and maybe you have a lot of credit card debt. so the last thing you want to do is check your statements right? how depressing is that? but the thing that you want to do is keep tabs on everything. because what the hackers do, they buy all these credit cards and in what is called dumps. dumps are 5,000 to 10,000 credit card numbers. they run them through this entire automated system. try to make really small charges, like $1.99 or 59 cents or 99 cents. they're checking validity of cards they later on can use for bigger purchase. by the way i found this fascinating. if you buy a whole bunch of dumps and some credit card numbers are not valid anymore, the black market folks will actually give you a refund. gerri: works like conventional retailer. that dark web, it is unbelievable. kim, thanks for coming on tonight. we sort of ran out of time. i apologize. next time you come on we'll give you plenty of time. >> you betcha.

thank you. gerri: now we want to hear from you. here is what some of you are tweeting me about our poll question tonight. jason writes this, i drink almond milk but my baby girl downs whole milk like a champ so we're feeling the bump. that is high price of milk, segment we did earlier in the show. another viewer said, not at all. have to drink some every a.m. price increases take away from somewhere else. gina posted this, alternatives seem expensive to me or am i missing something? i love my dairy. gerri: i do do, gene n. work wits that's when expertise happens. mfs. because there is no expertise without collaboration.

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around $43,000, to appeal to women and young people this is the first in the xc series and a suv is next on the list, jaguar ended production on x vehicles in 2009, they are back. >> good news for college saveers, americans safe more than ever, but average amount still not enough to cover one year at a 4 year public university. the average 529 saving plan is worth $20,600. that means that money will not go as parents need it to. it makes me think of a story started show. a government plan to protect us from the next big market crash that will end up robbing money from the 401(k)s. that is right, government so concerned about our well being it will force mutua mutual fund industry to make expensive changes they will chen thank to

us, thank you government, that is my two cents more, thank you for joining us, and dvr the show if you can't catch us live, have a great night. charles payne is next. charles: on "making money," apple dominating the news, we'll assess their performance, but this is a large planet, and huge universe. when youring too brusing truth d to your coffeemaker. our pain panel debates it. and i will tell you what companies are doing it right. they are great investments. and in aftermath of ray rice drama. will the nfl settle the cheerleader lawsuits? on our further review