tv The Willis Report FOX Business October 1, 2014 5:00pm-6:01pm EDT
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number one thing to watch tomorrow will be weekly jobless claims. economies expects number of americans filing for first time unemployment benefits rising 17,000 to. >> we'll have the number on fox business. "willis report" is next. gerri: hello, everybody, i'm gerri willis. stocks selling off big-time today. the dow down 238 points at the end of a volatile session. coming up a little later in the show, we'll talk about 401(k) strategies you can employ to put your mind at ease with expert scott martin. also today on the show, ebola now in the u.s. are airports and hospitals doing enough to keep us safe? >> also protests in hong kong reaching a breaking point where a major deadline set for noon eastern time tomorrow. we'll have the latest. what it means for your money. ridiculousness of common core reaching new heights. why some older students willing forced to take nine-hour exams. "the willis report" where consumers are our business
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starts right now. ♪ gerri: as you know, ebola now in the u.s. the first ebola patient diagnosed in the u.s. is in serious condition in a dallas hospital but could this have been prevented? the patient will reportedly not be given a drug called zmapp, an experimental drug given to two american medical workers this summer because, there's none left. what is worse, we could have a pile of zmapp doses ready to go if the government didn't let the treatment languish in limbo for years while it waited for a democrat. dr. scott gottlieb a fellow for american enterprise institute. dr. scott, i will start with you, is the government doing enough to find solution to ebola? >> we haven't had sufficiently robust effort. there are a number of promising therapeutics used against this virus including drugs approved for other purposes that could
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potentially be active against ebola. historically we tried to funds the programs with series of epsoddic grants. it hasn't been enough to move it quickly and bigger problem we're not doing enough now. we're reaching point in africa, where the scope is so vast, reaching a tipping point, the only thing to rye verse a spread would be introduction of therapeutic vaccine and we're not going to haveert, to you, zp i understand it is not a brand spanking new technology out there. why can't we get this to market? >> as fur first getguest said, this is through series of government grants and contracts. those things take some time. the people getting the contracts have to compete against other people that have good ideas and they're working on other diseases. so we need to apply a different sort of set of standards for these diseases like ebola that can have broad international impact. gerri: dr. scott, has the government dropped the ball
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here? this thing sat on a shelf for two years, z map, it apparently helped two patients treated in atlanta? >> he but try to give people incentive to make investments grants are not incentive. gerri: grants are not pharmaceutical companies and they're not good developing new drugs. completely different kind of expertise. let's talk a little bit about the race to develop a drug. dr. robert i know you're involved with that. how on a is that going? how soon could you get something to market to help people? >> i think we're actually too late in outbreak for drugs or vaccines to have impact. if this continues to go on for nine months maybe we'll have something then. the vaccines hopefully given to health care workers so they can be protected when they go in there. otherwise, things like
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diagnostics, rapid diagnostics we could deploy in the field would probably have biggest impact on an outbreak. gerri: do you agree? into that is the concern. the concern here is that the scope of this is getting so vast in africa, only thing potentially to reverse the tide would be their puttic. gerri: what do you mean a their puttic? what does that mean? >> drug or vaccine to introduce to reverse spread. public health officials says we'll not only contain this, tracking down people, quarantining them, if this spreads we'll reach a tipping point where you that won't work anymore. you can't quarantine 200,000 people. the when we get that ineffectivety, the only thing keeping this more global is a drug. gerri: doctor, you visited a hospital in sierra leone. you were a canary in the coal mine. you were an early warning system. tell me what you found and how you tried to get the government's attention? >> i've been working there in west africa, three hours drive where the outbreak started for the past decade. back in june, i knew that this
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outbreak was having the potential to spread all the to west africa, into more populated areas there, to places that have good roads, that aren't just isolated villages. you know, it could have gotten a ring around it then. unfortunately things didn't move as fast as they could have and, we have a most widespread of ebola in history. it is going to take a big effort to get this under control. i hope we can do it. gerri: wow. i was expecting to hear more of a tone like we heard last night from the cdc where we were told, it is under control, everything's fine, don't worry. go back to sleep. dr. scott, you guys seem a lot more worried and concerned. why? >> well, we're finally putting in resources into the region but other countries are not following our lead. the amount of resources going in is probably what she should have been doing a month or two ago. we're still not getting ahead of this. we'll need to put in overwhelming amount of resources to get ahead. we'll know when we put in enough resources people start saying my
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god how could you send in that many troops? we need to step this up. gerri: i'm stunned what you guys are saying tonight. but i also need some basic facts. dr. robert, we talked a lot about how this spreads. a lot of people are taking away it is very difficult for this disease to spread to other people. we're being told, don't worry about being on a plane. and yet, we're told that blood, sweat, anything, what about phlegm? what if somebody sneezes on me who has ebola? what is it that, how can i contract it? >> well, let me go to the texas case, the dallas case. that person did not get sick until about four days after he got off that plane. so the people that are on that plane were really kind of, they're out of the woods on. that. they're not going to become infected n terms of the dallas situation, no doubt this person came in contact with his family members, with friend. we've heard of some other contacts today. all those people are going to have to be kept under close surveillance. if they develop a fever, they
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will have to be put in isolation. but, this government, local health care authorities, cdc, can put a ring around this patient. it will not spread like it is in west africa. there will not be outbreak there. there will not being thousands of cases here. gerri: that's good to hear. i have to ask you dr. scott before you go, there was a press conference today with officials from the dallas hospital and they said, not everybody on the team that was treating this patient, patient number one, you could say, knew what the protocol was. i find that shocking because we've been dealing with this ebola for a long time. what is your reaction? >> i think cdc will step up the effort to go to the hospitals to try to train them. rest assured the hospitals in the parts of country where you think you will get most cases, elmhurst, queens, down state, those kinds of 4079s have stepped up protocols. clearly has not disseparate nated to every hospital. gerri: you guys did did a great job. doctors gary and gottlieb.
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thank you so much. now that ebola is here and nightmare has come true, congress is trying to react. republican congressman chris smith of new jersey is proposing legislation to combat the fatal disease. he joins me from washington. welcome to the show. i know you want to introduce legislation, specifically what would you like to see done? >> well, obviously we need to step up our efforts. i think cdc has, they may have missed some early actions that have been taken to break the transmission chain early on. but dr. tom frieden i think has done a very noble job. we had a hearing with him. i talked about a him the number of cases and containment looked like it might work. sadly they're are not going to work and as i said in my previous hearing exponentially. which sent shivers down my
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spine. gerri: congressman, we're very worried and concerned. people are wore remembered remet kids and compromised immune systems an can contract. people are worried. whether what do you think the government can do at this point? the cdc is on the front lines. what is the legislation that congress can pass to make a difference here? >> that's exactly what we're doing. it's a draft bill. it would backstop everything the president is doing and insure authorities are there and sufficient resources are there. dod is talking about billion dollars. no new appropriations. reprograming money. last two requests they made to the appropriations committee but it may exceed the billion dollars very quickly because pandemics have a way of growing as i said before expo nextly. gerri: what do you want to spend this money on? >> it hasoo be on training. having places venues where people can get whatever treatment might be available. obviously i asked a number of questions of the fda, at my last
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hearing about why at least one drug, treatment drug, had a hold on it, at a time we're talking about ebow la as never before, in all past episode it burnt itself out because it happened in areas that could be contained. monorovia, the capital of liberia, is a very robust capital where people go in and out all the time. we need to be looking at flights. we need to be looking at what is happening in everyone of our airports to insure, yes, as people leave monorovia, they are checked, at least to see if they have temperature. gerri: there are calls tonight. by the ohio senator rob portman. >> rob portman has been saying that over and over again. gerri: make a change there. people are calling for more extensive changes. congressman smith, thanks for coming on tonight. >> thank you very much. gerri: now we want to know what you think. here's our question tonight. is the u.s. prepared for an ebola outbreak?
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long on to gerriwillis.com. vote on the right-hand side of the screen. i will show results at the end of tonight's show. we have more, more to come this hour including your voice. your voice is important to us. that's why during the show we want to you facebook me or tweet me @gerriwillisfbn. send me an email by going to the website at gerriwillis.com. at the government of the hour i will read your tweets and emails. up next more of our coverage of ebola in the u.s. with a look what the travel industry needs to do to keep us all safe. stay with us.
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i don't tonight we're continuing our coverage ever the ebola case with heightened concern tonight, flyers are able to board planes to the united states from ebola-ravaged countries. are airports doing enough to stop ebola patients coming here? should american flyers be on alert. >> travel expert mark murphy, founder of travel pulse.com. nice to see you. today we had senator rob portman come out and say, look, we need to do more. this is exactly what he said in a tweet. we need active screening for ebola at points ever entry. the cdc should act immediately
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to implement this? what should airlines be doing this week? >> i think federal agents are looking at those passengers coming off and looking for potential symptoms. i think the challenge for anybody to board a plane showing symptoms and travel to in that condition is slim to none. the cdc says you don't have to worry about catching ebola literally from an airline flight regardless where it is originating. that is tear take on it. passenger to the off in dallas because of incubation period, people on board they will not look at those folks because they're totally fine. it is family members they interacted with since they have been back is potential issue. gerri: there are other concerns for the airlines as well, when you look back at sars issue for example. there was a huge hit to the industry. a lot of people stopped flying. are people worried about that? >> they're already seeing it. people geographically we're challenged here in the u.s. we don't realize the scope of
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africa. it is massive. idea you will not go on is a tarry in south africa because of what happens in western africa, that doesn't make any sense. something is happening in arizona but you won't go to new york as a result, you would say that is crazy. geographically, that is the what we're talking about. people should feel comfortable exploring africa and safaris. gerri: really? >> absolutely they have great, great great things to do. not worry about this we get panicked to see a map, oh i have to say out of that area. that is a massive area. gerri: it's a massive area. i hear what you're saying. even americans are concerned about traveling even in this country. so the level of concern really varies. let me tell you some of the numbers out there that have people's attention. 10,000 people arrive in the u.s. from this affected region, west africa, every three to four months. i had no ideas numbers were that big. >> oh, yeah. gerri: we have a lot of people coming into the region into the u.s. and 200,000 folks from
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ebola-ravaged countries have visas to visit u.s. so can come in. >> sure. gerri: should that travel be stopped? >> i don't think so at this point. seems to me what you heard from experts before, i'm obviously not a doctor, but from what you heard before, the way it is transmitted, the way it gets carried, the way people show symptoms and then are contagious, that limits ability to travel and spread this when it comes to you are our country, cdc and hospitals responded that we have the resources as a country that these countries in western africa don't have which is too bad. one example. my personal take. i went to africa for 17 nights in june while this was going on. i didn't think twice bit. i traveled to three different countries. gerri: i get the message, don't worry. talk about what is really going on the ground here. which is airlines are vetting people. taking people's temperatures
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before they get on the plane to leave the region. leave west africa. looking for people who have symptoms of the disease. what are we doing here to protect people? against folks coming in. >> we're literally eyeballing people at this point and looking for physical signs. in countries in asia because of the sars crisis, they have thermal scanners to this day they can use to scan an see what your victim's temperatures is. they have people standing there off the plane looking at you as you go past the thermal scansers. there are things they can put into place here to make that happen. the next segment we'll do, how intrusive and a pain these things as travelers. gerri: i'm not as sanguine as you. i tend to be little more concerned about this. you're right. you're not going to catch it on an airplane. that is not the way it works. thanks for coming on and telling us your story. we appreciate night thank you, gerri. gerri: well, on to something
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else entirely. the secret service director julia pierson has resigned one day after trying to defend her agency's major lapses to congress. a white house spokesman said the president accepted pierson's resignation and agreed new leadership was needed. this after an armed fence-jumper managed to reach the ceremonial east room of the white house before off-duty secret service agents stopped him. a veteran of the agency, joseph clancy, has been named acting director. coming up later in the show the pretests in hong kong's financial district seem to get bigger and bigger. a rough ride in the markets. with the dow down over 200 points. what is sinking stocks? we're looking out for your 401(k), coming up. ♪ mr. daniels. mr. daniels. look at this. what's this? clicks are off the charts. yeah. yoshi, we're back. yes, sir!
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gerri: hard not to notice the massive market selloff as investors mulling dual threats from ebola and hong kong. what should you do with your investments? here how to negotiate the volatile market, united advisors chief marketing strategist, scott martin. scott, great to have you back. 23 points on the dow. this is third day of selloffs -- 238. what do you to if you're an individual investor worried about your 401(k)? >> i think you sit tight. if you've been doing what we've been telling you along the way, you probably didn't have that bad of a day. certainly 238 on dow is bad number unless red is your favorite color. that is not big percentagewise. that is around a percent. the dow is so high, a big move like that is not unexpected coming into a year that is typically volatile. gerri, along the lines what what you should be doing, continue
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balanced allocation. we tell our clients all year, don't fear bonds, don't fear interest rates and don't worry about stocks either because both will work in concert. the bond is shock absorber to the portfolio and stocks doing decently well on the year and earnings are growing. gerri: you bring up bond, my friend. i will go to bill gross. bill gross famously, i guess leaving pimco company he founded before he got fired, a lot of assets. 70 billion in assets flowing out of pimco as well. what are you telling clients who own the total return bond fund? >> a lot of clients own that whether in 401(k) or whether in their ira's because it's a buick with to us fund. guess what we're telling them, gerri? this is probably the best thing to happen in the fund in last five years. i know that sound crazy but i'll tell you why. you led into it. bill gross was a star fund
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manager. he went on crazy moves and some which didn't, and he underperformed the market as far as bond go last four years. i think what happens with the star fund managers, gerri, they fly too close to the sun sometimes and think they're immaculate and get hurt. that is not what you want on a fund to get stable, steady returns. gerri: buy, sell, hold, pimco total return? >> i'm buying it. i don't totally dig the pr job they're doing. i don't quite believe the story. issue of team work. dan, portfolio manager stepping in there. he is running pimco income fund behind the scenes doing very well year-to-date. he is well-equipped to do what bill gross did. gerri: i think there are more assets some out of pim coy and that certain fund. my concern they will have lots of redemptions.
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they will have a lot of pressures on people to stay in the fund. >> it does. liquidations are tough on any fund. we saw it in the tech crash and crash of 0. liquid markets are key to some of these funds, gerri. that is short term pain with long term gain. with a lot of funds that blown up in the past, one big issue they got too big. they couldn't move around as nimbly. now with pimco total return, dropping in size, that is going to allow them to move around a lot better than they did before which could be good for investors. gerri: painful way to get there. before you go, i have to say, what it probably a four-letter word to you, alibaba. shares are down. i know you hold them. this is ipo we warned our viewers about because the ipo market is not the place for individual investors. you just get burned. people who make money are typically insiders, friend of wall street, people who started the company, friend an family.
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what do you say about alibaba today. are you a buyer or seller? >> four-letter word response, gerri, is ouch. tell you what. we're not in too high. which is 90. long term baba will be okay. the symbol. like other twice like facebook and guys in pharmaceutical space recently. after the ipo they slump a bit. facebook is up over 50% off the ipo price. i'm not too concerned. short term scariness in hong kong is certainly affecting the stock. gerri: it sure us. we'll talk about that in tonight's show. scott, thanks for coming on, giving us words of advice. stay the course. thank you. >> good to see you. >> time now for a look at stories you're clicking on foxbusiness.com. demand for pickup trucks and suvs keepings u.s. auto sales last month. gm and chrysler led industry with 19% year-over-year sales increase. ford sales fell 3% as company waits for new f-150 late they
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are year. coca-cola is revising its pay plans after shareholders including warren buffett called it excessive an raw deal for shareholders. the company said long-term incentive program will distribute company shares to smaller group of execs. the rest? well, they will get cash. meanwhile competitor pepsi introducing a new, get this, mid calorie soda, made with natural sweeteners. pepsi true will have 30% fewer calories than the regular version. the drink will go on sale later this month, exclusive on amazon.com. canadian asset management company winning option for the failed revel casino in atlantic city said it will reopen it as a casino. brookfield holdings one option with bid of $10 million. $2 billion revel casino closed after just two years of operation. those are some hot stories on foxbusiness.com. coming up next, protesters in hong kong threatening to
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. gerri: a massive crowd swarming the streets of hong kong where it's 5:30 in the morning. you're looking at live pictures here. keep in mind, this is super early. these folks have been up all night in the street. they are protesting beijing's iron grip on the government. they're drawing some of the biggest crowds yet on the same day china celebrated birth of communist republic. will protesters prevail, and will the impact beyond china stores?
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gordon chang, always great to have you here. i'm hoping you can help us understand this. to an american, these protests make all the sense in the world, and you wonder why it hasn't happened earlier, why didn't they want democracy? now the students threaten to occupy government buildings. is this a ratcheting up of what's going on in hong kong, that you find surpriseing? >> it's going to be very surprising to see what happens because essentially, when they start to occupy government buildings, then the student movement splits. up to now the students have stayed united, not only on goals but tactics. but this morning at the flag raising ceremony, we saw a hint of that where students started to confront each other, some wanted more confrontational tactics. the moderates went out, which is a good sign. if the students occupy the government buildings, they lose support from many people in hong kong. that won't be a good thing for the movement. gerri: you say this movement is spreading all over hong kong
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and up to china's borders? >> yeah, started in a place called admiralty and into hong kong island and across the harbor and a place which is just a few moments -- even less than a few miles away from the china board. and that means people in china are now going to start to see. this the one thing that is interesting, is last wednesday, there was a demonstration in the center of shanghai in people's square, of elderly folks supporting the students of hong kong and wanted the vote for themselves in china. gerri: wow. that is a big change. and, of course, beijing digging in their heels. what are their options here as the fever for democracy spreads? >> they're trying to do two things. first of all, trying to intimidate the protesters in hong kong. today there was an editorial in people's daily, the most authoritative publication warning of unconscionable consequences.
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the military across the border into hong kong, if the authorities there couldn't restore order. but also i think china is going to stand back and see if the protests fizzle and probably going appoint foreign minister to negotiate with the students. >> what's at stake here? and the reason the protesters are so active and so loud is that the government is being taken away from them. explain how that is happening. >> all over the 2017 election for the executive, the top political officer. he's basically the governor, and right now beijing says you can have universal subverge, we're going to control it so tightly, only our candidates can run. the kids say no, this is our city, this is our future. gerri: they want their representation. >> and want to elect their own people. gerri: how does this affect me? americans? why does it matter to americans? >> hong kong is the third largest financial center.
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if it goes off-line, that will rock markets. this is china, the narrative of china reforming and attracted a lot of money. if china sends in the troops, it could be disorderly reversal of that trend. gerri: gordon, thank you. >> thanks. >> back to the u.s., we expose new problems plaguing our schools, stemming from a government program. a government-backed standard for education called common core. now, these new common core standardized tests have been developed forcing schools to schedule 10 hours of testing in one day for students as young as 8. here with more caleb bonham. ten hours? what's the problem with that? >> what's the problem with it? it's the results that we're seeing from park. it is approved standardized testing implemented in several states across the country, but put in a place and taking this
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ridiculous amount of time for students to complete. and it's because of what they're being taught. it's definitely in line from what we've seen with common core. takes forever to complete, and causing students and educators a lot of problems. gerri: so caleb, let me interrupt you for just a second. you and i talked a lot about common core, and how some of the teachings are almost indescribably convoluted and difficult to understand, particularly math. and now these demands that students stay for longer than a basic eight hour day to complete tests that don't advance them to the next grade. i don't know the purpose of these tests. so what is the point of this? >> well, you know, the point is they're using the students as guinea pigs. the way they implement the tests across states varies by states. in arizona, the parcc test will not count towards graduation,
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students don't have to complete it and pass it to graduate. they do have to do it to graduate -- excuse me, it goes on their grade, it goes on their grade. in colorado, several teachers are coming out and saying that they're not going administer the parcc test. it sits students down, they have to read the essay and watch a video during the test. that's why it's taking so long! and it's the new methods that they're using on students as guinea pigs. gerri: a lot of reaction, you mentioned reaction to the tests, but a lot of governors across the country saying we don't like common core. this isn't working for our students. louisiana governor bobby jindel made his protest in court. what is the end game for this? are we going to get rid of common core or is it here to stay? >> seeing uproots of grassroots organizers that are fed up with common core and what it's teaching. you know, this is supposed to be the parcc tests are supposed
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to prepare all the students that take it for career and college readiness. that's not what makes students thrive when they go out into the workforce. they need to be taught standard skills, how to read and write properly. how to think critically is one of the most important things, and the career will come naturally, this is sort of a command style of education where bureaucrats think they know best. and it's take the authority away from parents, and parents are not putting up with it. interesting thing this is an issue that unites the left and the right. you're seeing as i mentioned earlier in colorado, teachers are protesting this, writing essays, that comes from liberal educators, because they see this is an opportunity for certain organizations to make a profit on kids and not actually teach them anything. parents are outraged. gerri: i have to tell you the first person i heard from about common core was a parent who was outraged. that's why we continue to cover it. caleb, thank you for coming on,
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good to see you. >> thanks, good to see you, too. >> we get your reaction to reports the u.s. will be the top oil producer, and gm ceo mary barra speaking out about faulty ignition switches blamed for 23 deaths so far. a live report. and here's your consumer gauge. we'll be right back. know that chasing performance can mean lower returns and fewer choices in retirement. know that proper allocation could help increase returns so you can enjoy that second home sooner. know the right financial planning can help you save for college and retirement. know where you stand with pnc total insight. a new investing and banking experience with personalized guidance and online tools. visit a branch, call or go online today.
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. gerri: gm ceo mary barra trying to reassure investors and the public that the automaker is ready to fix all those faulty ignition switches. those problems have been blamed for at least 23 deaths. jeff flock has the latest from gm. jeff? >> reporter: she really tried to put it in the rearview mirror today, and i think to some degree, if you look at the stock, maybe she did, on a day when the market was broadly down, gm stock up almost 2%.
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mary barra near the milford proving grounds, and made a good case for gm going forward, saying the company will have 9-10% pretax profit in the coming decade, that will be better than ford. she said that they're going to push cadillac in a big way with four new cadillac models. europe is going to be profitable again by 2016. but you got to come back to the recall thing, it's something that doesn't go away, take a look at these numbers at the industry in general in terms of recalls. gm, we did these calculations, and they're interesting, gerri. recalls for everybody. how many recalls compared to how many sales? it's interesting, but the guys with the most recalls somehow get the most sales. gm this month up 19%. chrysler up 19%. toyota up 1%. these are all the highest recall numbers. the guys that did best on
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recalls was ford. they actually were down in sales. so in some sense a little recall schme-cal. the buying public doesn't care much about it. maybe they put it in the rearview mirror. gerri: isn't that due to the fact, if there's a recall, people take the car back to the dealership and they see something they might like better? >> wouldn't have thought of that. by golly, that seems to be exactly what's happening. you get in there, and you see the new technology that you wouldn't have seen otherwise, and you make a sale. that does seem to be what's happening out there. gerri: one more question for you. i want to know if mary barra really addressed the money that the company is going to have to spend to compensate those victims? >> you know, this was an investor day, that was the question that she definitely got. and she said at this point, not knowing what the d.o.j. is going to do and that could be a huge fine out there, but right now, they don't believe it's
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going to cost them any more than they originally thought it was going to cost between 3 and $4 billion. they allowed for that. at this point, unless we get on something else from the government, they think they're in good shape. gerri: jeff, thanks for that. >> thanks, gerri. gerri: well, i'm sure that many of you out there remember the long gas lines, or the oil embargo from the 1970s. times have changed. by 2020, get this, in five years, the united states is expected to be the biggest oil producer on the planet! i went to the streets of new york today to see if new yorkers knew about that? which one of these countries will be the biggest producer of oil in five years? >> i think the u.s. >> why do you think that? >> i think that because -- i think there's a lot of oil in the u.s. it's just a matter of discovering it. gerri: which of these countries
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will be the biggest oil producer in five years? >> saudi arabia. >> united states. >> states. >> china. >> united states. >> china. >> i'm going to go with united states. >> saudi arabia. >> i would say the united states. >> iran or iraq. >> in five years, just five years, which country is going to be the biggest producer of oil on the planet? and you can choose from one of these. >> united states. gerri: you are so right, how did you know that? >> we're technology advanced and finding new ways to create things that nobody else could do. >> it's the u.s.! >> well, that big shift in favor of the u.s. is driven by the boom in shale oil as one of the people said, in the international agency says america's need for middle east oil is going to fall to nearly zero in the next ten years.
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what good news is that? still to come, my "2 cents more," and i'll be joined by a 20-year-old who made a name for himself on youtube as a tech product reviewer, racking up millions of fans. his story coming up after the break. yo, bro, you on woo-woo? are you kidding me? everybody's on woo-woo! [elevator bell rings] woo-woo? lock and load, people! we're going all in on woo-woo! mark! comp us up a profile page! susie! write us some posts! i want sponsored woos. i want targeted woos. we need an ethnically ambiguous woo-woo mascot. dude. are you still on woo-woo? naaaahh, man, my mom's on woo-woo. ♪
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for generations. remember, all medicare supplement insurance plans help cover what medicare doesn't pay. and could save you in out-of-pocket medical costs. call now to request your free decision guide. and learn more about the kinds of plans that will be here for you now -- and down the road. i have a lifetime of experience. so i know how important that is. . gerri: my next guest is a youtube sensation, with a nack for explaining new technologies to the average consumer, and he is so good at it, a former google vp is calling him the best technology reviewer on the planet right now. talk about a great recommendation. joining me marques brownlee. great to meet you, you are
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young, what are you 20? >> 20, exactly. gerri: you have 1.8 million folks subscribing to your words of wisdom, is that right? >> on the youtube channel, exactly. gerri: why did you start doing this anyway? >> i started off by buying a laptop so i was doing a lot of research and figuring out buying decision, what i want to been the laptop when i buy it, and eventually i got the laptop and decided there was stuff i was missing, they wanted to see. gerri: you were not happy with it? >> i wanted to know more, i liked the laptop afterwards, i ended up making the screen casts and tutorials about the specific laptop. gerri: from what i hear, the videos on youtube are like look at this. you can understand what's going on. is that your goal? >> yeah. there's a fine line -- not fine line, there's a broad line between the people who are beginners in tech and they don't know much about it, and the experts and people who are
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really, really into, it trying to talk to both groups of people is the biggest challenge. gerri: so it looks like you're putting something together in this video. i don't know what the heck you're doing. how does it work? >> started with one take clips, pressing record, talking to the camera, showing and stopping and upload that, and that's the video. today there's a much more elaborate process, i'm putting together videos, cutting together reviews of things. explaining things and talking about other things. gerri: let's talk about the categories you're covering here, it's pretty wide. what might i see you doing on your youtube video channel? >> a couple of play lists i put together. there would be all of the uploads, they are categorized you would see an explained play list, or technical topics that should be broken down. i have a reviews play list which is literally reviewing consumer electronic, essentially anything with an on button, phone, tablet,
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computer, and then the tutorial of what i've done in the past and fun videos that are separate from everything else. gerri: you were talking about how much more sophisticated your videos are now than they used to be. how long does it take to make one now? >> a five-minute view, if it's a review video, minus the research for the stuff, it will take about six to ten hours of just shooting and editing. gerri: wow, that's so cool. >> yeah. gerri: all right, you're in schools, you're a student, what are you studying? what do you want to do with life? is this your full-time occupation and do you make a lot of money doing it? >> i'm still in school. i get asked a lot what i want to do after school. i don't know anything other than i want to keep doing videos, it's a lot of fun. i do make money from it, that shows up along the bottom of the video or the preroll before the video. that revenue gets split between me and google who's creating that space for the ads because
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they own youtube. so yeah, that is -- gerri: a piece of the action. >> makes up for the costs of equipment and buying the devices they review. gerri: is this your livly hood from now on? >> i would like for it to be. if it isn't, i won't stop making videos, it's a lot of fun. >> the average age of the youtube star is 15 now. you might be getting long in the tooth for this. you worry about that? >> no, plenty of people way older doing tech videos and youtube stuff all over the place, it's going to be fun for a long time. gerri: it's a pleasure to meet you. >> thank you. gerri: thanks for coming on the show. we'll be back with "2 cents more" and the answer to the question of the day. is the u.s. prepared for ebola? stay with us. your customers, our financing. your aspirations, our analytics. your goals, our technology.
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ebola outbreak. we ask the question, 8 percent said yes, 92 percent said no. and finally tonight, gloves or drugs. that's the choice the world's governments have in their efforts to try and protect us from ebola. either isolate and treat victims or find a drug to inoculate the broader public. too little known programs one in the defense department and one in health and human services trying to find a drug to combat ebola. unfortunately the government blue it. one solution languished in government hands for the past year. they had enough to treat two aid workers in atlanta, but there's not any left. the last entity of finding the solution to ebola is probably the government. all respect to the cdc and the drug department, but they aren't a drug department and they probably shouldn't be.
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that's my "2 cents more." and that's it for tonight's willis report. thanks for joining us. have a great night >> charles: big market sell out today. dow down 238 points. let's go straight to nicole on the floor of the stock exchange. >> glenn: the dam finally broke it's healthy. the dow is down 240 points. concerns about manufacturing here at home. everything sold off across-the-board. only coca-cola on the dow managed to squeeze a game. not only was it the manufacturing numbers, also ebola worries. hit hotels, airlines that's where you found many down arrows. they're trying to find the evacuations to save everybody from ebola. the other thing we'll watch is
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