stay tuned, maria bartiromo at 9:00 a.m. will have play-by-play. david: the market was flat in anticipation of that. chances are the market moves dramatically one way or the other depending on that report. "the willis report" is next. >> hello, everybody, i'm gerri willis. coming up today on the show. things are getting more intense in hong kong as deadline passes for the city's leader to resign. we'll have the latest. president once again singing his own praises when it comes to the economy but are you feeling the benefits of this so-called recovery? thinking this of scooping up rental properties as housing market improves? we'll tell you how and where to do just that. "willis report where consumers are our business starts right now. gerri: total of four people now quarantined over ebola fears and another 100 people monitored for possible contact with the first diagnosed ebola patient in the u.s. is that enough? is the u.s. prepared to handle

ebola, especially when bureaucratic red tape is holding up companies from developing vaccines for just these kind of outbreaks? with more on this, david dod, chairman of the board of directors at geovax. dr. kevin campbell, assistant professor of medicine at university of the north carolina. welcome to you both. david, i want to start with you because you're the perfect guest for this segment because your company, geovakx is in process developing a vaccine for ebola. what are the hurdles putting together a drug that could combat this deadly disease? >> yes, thank you. first of all, thank you for allowing me to come on today to talk about this very important development. we're developing two vaccines for ebola. one will address the current strain for epidemics such as we're currently experiencing. and the other one will address all three strains that are lethal to humans. the challenge in developing of course is always is funding.

but more important to demonstrate three important elements, safety, immune response and durability of the vacs enseen. we announced a mission of a program that will develop both vaccines. the first one hoping to be ready in 18 months and other in four to five years. gerri: four to five years. dr. kevin, people are concerned about the ebola. what they're worried about outbreak. only one person at this time. we know there is a drug out there called zmapp. are people asking you for it? >> that is interesting. i have a lost patients asking me about what the exposure dangers. we have to reiterate direct contact with victim's fluids. however i do think that the u.s. is very poorly prepared for this. just as we saw in this case, a patient went to the emergency room with was discharged home an returned with documented ebola. >> as we saw, that hospital

officials themselves apologized, for not picking up on the symptoms and the fact that he had just been in west africa, before that taking and sharing with the team. it was major embarassment. david, to you, is the government doing everything it could and can do to combat this disease? >> i don't really know. it's a public health issue. and our focus on the private sector is to as quickly as possible bring forward technology that democrats both the efficacy as well as safety. i have to say from that perspective we've been supported very well by the government in our developments in hiv. we would expect to have same type of support as we move in ebola. gerri: kevin, look how the thing has been handled. look at see map product and we had the woman that helped develop that drug and they have no more. it sat on government offices for two years doing absolutely

nothing. why? >> developing drugs is slow process because of regulatory concerns. i would like to see the government suspend regulatory concerns and mass produce as much vaccine as we can right away to get it to the six people what i understand they produce 20, 30 files of the drug they want to test it in healthy human. i would argue you send it to africa for sick people and test it there. gerri: david, do you agree? should they speed up timeline? >> we should look at accelerated development periods. the current strain of ebola. we believe in under normal circumstances we can have a vaccine ready in eight even teen months. we need to identify quickest timeline to start supplying to save people's lives. gerri: dr. kevin, before you go

here, i got to tell you a lot of people out there want solution now. they want a solution now, not 18 months from now or five years from now. what do you tell folks in their office? >> we have to be aware of stops are symptom. be aware of exposure risk. we have to come to health departments to be aware of exposure. this is one of the most important things on the network. cooperation between different companies, the government together, to get the best drug out as quickly as possible and quickest pathway. that is such a smart comment. gerri: we appreciate your time. david, good luck with that solution. >> we'll keep you updated. gerri: thank you. >> thanks for having me. >> and now we want to know what you think. here is our question tonight. who should be developing a cure for ebola? should it be government or private sector? log on to gerriwillis.com. vote on the right-hand side of the screen.

i will share the results at the end of tonight's show. you may have heard about a emergency room physician from missouri protesting at atlanta hartsfield international in atlanta, here he is right here in a hazmat suit. he says the cdc is lying and totally mismanaging response to ebola. he says the cdc is sugarcoating risk of virus spreading in the u.s. dr. gill mobly joins us now. what is the message you're trying to get across to the american public? >> the message that i'm trying to get across to the american public is far worse than what we're hearing from the cd c and president obama said chances of importing a case were very, very small. we had a meeting of the medical society, the health department in both hospital systems and infectious disease physicians two months ago, we were convinced clusters would come. they would come regular and we needed to be prepared. you have to connect the dots and follow the sequence.

with ebola -- gerri: i was going to say, you say you saw it, saw it coming. even today the cdc director says he remains confident they're out in front of this and they can stop the spread. what is wrong with his reasoning from your point of view? >> right now, as it stands with the a million people in west africa in quarantine and 10,000 leaving west africa a day, eventually every corner of the world will get the ebola. the developing countries share same problems sierra leone and liberia, guinea have. terrible health care system and sanitary conditions and when ebola is dangerous there. when it con assumes every third world country, we'll import it on daily basis. i have confidence we have handle a dozen clusters. cdc is spend sending people to dallas with one. what happens if it happens daily? this will overwhelm any

industrial nation's ability to contain cloughs sisters of people and quarantine for safety. it is mat that the call number. every nation that will have a number to tax the system. gerri: you're saying it is just the math. this thing will spread and spread quickly. what should we be doing? what should the cdc be doing right now? >> i came through the atlanta international airport from guatemala on mission trip yesterday afternoon. the front page ever "usa today" say they're screening at international airports. there was no thermal screening. no one asked where i had been or asked if i had a fever or been sick. only asked for alcohol and tobacco. that is only thing they asked for 10,000 other people going through there. that is reap pre hensable. this is ravaging out of control six months and we're still asleep at wheel it appears. gerri: should we stop people coming into this country from west africa? >> i beg your pardon? gerri: should we stop people, travelers, flyers who are coming into this country who have been in west africa? >> you know, that may have been fine last week when the

dispensation was, what is your travel history. now it is person-to-person in america. now what we need to do is step up our surveillance and we can't necessarily stop flights from the nations that are affected because that would stop the aid workers and equipment getting in to try to contain this. this is tough decision but we need to intensely step up our surveillance. gerri: so much to do. dr. gil mobley. thanks for coming on the show tonight. >> thank you. gerri: 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 you to facebook me, tweet me,@gerri willis nbn. -- @gerriwillisfbn. tell me what you think. do you agree with gil mobley? let us know the we'll read the tweets and emails during the show. it is now in the hand of protesters in hong kong after the country's leader said he would meet with then. we'll have the very latest coming up.

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gerri: going to update you here on a story that we've been following for some time. that is the hacking of jpmorgan chase. you heard us talk about it before. we have new details on the size and the scope of that hacking.

76 million households and 7 million small businesses had information compromised. just let me repeat that. 76 million households, 7 million small businesses had information compromised. what they got here were email addresses and apparently there is no evidence that money was taken. now the information came out in government disclosures. it wasn't a press release from the company. but they are putting this information out to regulators tonight. big news tonight on jpmorgan chase and size and scope of that hacking that happened back in august. moving on to hong kong now. as you know we like to keep you updated on news in places around the world that can affect you here at home. one of those place is hong kong. where thousands of protesters have been in a tense standoff with riot police for a week. the situation added to volatility of markets and tensions rose again today, when the city's leader who was put in charge by beijing, refused to

demands to step down. ashley webster is following latest developments. ashley? >> gerri, in just a few hours government employees will head back to work in hong kong after a two-day public holiday. the question will they get around the massive protests on streets and what will chinese authorities do? a midnight deadline passed without either side blinking but the city's chief executive did take to the airwaves. hong kong's top official announced that a chief negotiator, his second-in-command will work with protesters to reach some kind of a deal. the protesters are demanding electoral reforms. specifically not allowing beijing control over which candidates can run in upcoming elections in hong kong. they want hong kong's embattled leader to step down immediately, something he refuses to do. gerri? gerri: well, early on in the protests we saw police using water cannons, tear gas and pepper spray but it seems like it has been calm the last several days.

can that continue? >> that is good question. you're right, police in hong kong pulled back from the initial battles which they were criticized by the way for being too heavy-handed but those on the ground in hong kong over last several hours say the police presence has grown again. this is the biggest challenge to beijing's authority in hong kong since china took control of the former british colony 14 years ago or 17 years ago back in 1997. police warned of serious consequences if the protesters try to surround or occupy government buildings. the protesters threatened to do that if c.y. leung had not resigned by end of the thursday. he has not resigned but there is no attempt to occupy government buildings but protesters were seen preparing face masks and goggles as tensions start to rise once again, gerri. gerri: the pictures are amazing. brings to mind how long this will go on. do you have any visibility on that? >> that is a good question. no one knows but chinese authorities say they will continue to tolerate protests as long as participants do not

charge police lines. but, eyewitnesses now claiming police are bringing in more tear gas and even reports of rubber bullets. no doubt patience is wearing thin. there are questions how long the protesters themselves can stay on streets. the numbers have thinned a little bit. protest leaders are willing to meet with city negotiators. really unclear what happens next if those talks break down. we're obviously following every dramatic moment of this standoff, gerri. gerri: we're looking at live pictures of this right now. looks pretty calm so far, but, ashley, i know you will keep an eye on it. >> my pleasure. gerri: later in the show, advice what you need to do if you're living in an overvalued housing market. and, president obama says the economy has improved under his presidency but do you feel better off now than back in 2008? we separate fact from fiction coming up. ♪ ♪

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gerri: more spin from the white house as president obama hit the campaign trail to tout his record on the economy. >> so it is indisputable that our economy is stronger today than i took office. by every economic measure we are better off now than we were when i took office. >> so are you wondering which economic measures that the white house is looking at? don't you feel like most of us sense the recovery, well it really hasn't reached all of us? moody's chief economist john lonski joins us. great to see you. so i'm wondering how this kind of talks resonates with america? do you think this is believable?

do you agree with it? >> he will with you know the average american is not stupid of the average american realize is quite well when obama took office with we were at worst pint of. point of worst recession since since the great depression. since january 2009, no question about it. the reality that middle class living standard continue to recede. this has been a good recovery only for upper income, wealthier americans. >> i want to dig into some of those numbers. you say people that benefited are the 1% naturally but let's talk about middle class americans still hurting here. what has hopped to incomes. >> what we find real family incomes declined at median level throughout the obama administration. though i must admit this was a decline that got you know way in 2004. so it is not really news. it remind us that there is something taking place in the

u.s. economy so that we're not going to return to normalcy anytime soon. gerri: you mentioned in the break that number of jobs created, paltry. tell us about that. we have a big jobs report tomorrow. >> tomorrow morning you will have somebody came out and say, my goodness, we have one more more jobs than we did compared to the peak of the previous cycle that was in january 2008. but, the reality is, that this type of gain for the 63rd month after recovery is very small. if i go back to the three previous recoveries, we had topped the previous cycle peak by nine million jobs as' posed to one million jobs on average. in fact, even during the bush recovery, when we reached a 63rd month of that recovery, we were up by near lay five million jobs. >> and just to share consensus numbers for tomorrow's monthly employment report, we're looking at 215,000 jobs created in september and unemployment rate of 6.1%. but let me get to you a number

that i find eye-popping, even now one in four americans of prime working age, prime working age, apparently, are not working. >> well -- gerri: what do you make of that? >> they can't find attractive job opportunities. that is what it is telling me. worse yet, we find that only, we find that a third of families offer living paycheck to paycheck, that is not a good thing. here we have very low, mortgage yields and yet home sales have declined 5% year-over-year today in 2014. gerri: voters were asked if they felt better off now than in 2008. what do they say? "fox news poll" out last night? mostly false. 5%, mostly true, 36%. what do you think? >> shocking. that is shocking news. -- 58%. 2008 was part of this worst recession since the great depression, the great recession. and to think, here we are, six years later, and we have so many

people feeling as though things haven't improved. indeed they're worse off. gerri: well, you know, the administration is out there pounding the table hoping to convince all of us things are better. is that going to work? >> i don't think so. it will really not going to happen until we have a fuller, more evenly distributed economic recovery. this has to become an equal opportunity recovery for the united states of america. we have still left lined a great many people -- left behind a great many people and perhaps that short fall, these disappointments, will become manifest with next month's midterm elections. gerri: we'll wait and see. john, thanks for coming in. >> my pleasure. gerri: stories you're clicking on foxbusiness.com. fourth day of declines on wall street led by emergency companies as the price of oil oil plummets.

the head of imf says six years after the recession the world is still suck in disappointing recovery. christine lagarde says they have to spend on infrastructure to get us out of this period of mediocre growth. warren buffett is getting into the auto business. berkshire hathaway is buying a privately owned auto dealership company, van tyler group. netflix and adam sandler are joining forces where the comedian stars and produces four films for the streaming service. the films will premier exclusively on netflix. sandler is a big box office name with his films grossing 2 1/2 billion dollars in this country alone. those are some of the hot stories now on foxbusiness.com. coming up next, is buying a rental property a good investment? depends on where you're looking. we'll explain. is housing a way to become a bubble that is? prices

skyrocketing. my next guest says some areas are overvalued. details after the break. ♪ e.

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prices. what they have found over the last year is that prices actually for, like, a three-bedroom home, prices actually went up 7% year-over-year. what does this mean? it's bad if you're wanting to buy i a house to be a land lord and to rent. now, there's some good news in all this, i don't want to depress everybody, there's some good markets where you can make double-digit returns. rocky mountain, north carolina. gerri: yea, north carolina. >> i was just in north carolina over the weekend, beautiful state. guess what? go buy property there, at least in parts of it. 41% annualized rental income return. that's after you buy the house you're making 41% per year return -- gerri: can i ask a question? rocky mountain, is it far away from right here in new york city, would you buy property far away to invest in? is that a good thing to do? >> i personally believe it's a tricky business.

you've got to hire a property manager, i would never tell somebody to go into an area they don't know and buy a property to use as rental property. vacation home, that's a different story. the atlanta metro area is actually a great place. annualized return 26%. kokomo, indiana, 24%. polacka, florida, 23%. tampa/st. pete came in in on the top ten, i was just there a couple of weeks ago. it depends on where you look. think of detroit, all those canadians that went down into detroit and started buying up homes especially in the middle of the housing burst. they are laughing all the way to the bank. i say canadians in particular because if you look at the amount of investment money, cash money that came into this country over the last five years, the canadians led the list. gerri: they're smart, those canadians. >> of course they are. yeah. gerri: are there places you

should avoid? >> absolutely. if you look at this heat map, it shows you across the country red, bad. no, do not go and try to buy a home right now -- gerri: california, huh-uh. >> mostly along the coast of california. you can see the lovely new york, boston. think of boston, philadelphia, parts of texas are rough right now, that's the hill country in texas, as you can see on the map. and then even as you go up towards canada on the western side, you can see some rough spots. but, you know, you really have to know the numbers and crunch the numbers. it's all about price versus what you can think of or what you think you'll get for rent in that city. david asman said earlier, oh, new york city, i said, absolutely not new york city. that's the worst place to try and buy and make a little cash. i've got friends in brooklyn, forget it. they can't even touch what they want to buy to rent. gerri: yet another way new york is different. thanks for coming on, good to see you. >> you bet.

gerri: a new report is finding some housing markets are way, way overvalued. are we heading towards another bubble, and what should you do if you own in these overvalued areas? here with us, the chief economist for -- [inaudible] tell us what are these markets that are so overvalued? >> there are some markets across the country that look 10% or more overvalued. and when we say overvalued, this is compared to fundamentals, compared to where we'd expect prices to be based on things like incomes and rents. they tend to be in texas and in california; austin, los angeles. these are some of the markets that are the most overvalued markets across the country. gerri: you just mentioned austin, also l.a., orange county, san francisco, riverside, san bernardino. so what happened to these markets? these did pretty well during the bubble, right, when rices were going up -- prices were going up. did they fall so dramatically that investors came back in

again? >> the most overvalued markets are, actually, including two different kinds of housing markets. on the one hand, you've got the california markets and now a pretty strong recovery and the bounceback in prices has outpaced those increases in incomes. the texas markets are very different story. texas had a very mild housing bubble and a very mild bust. their big ups and downs were actually back in the '80s. and so the price increases we're seeing now today in texas aren't a rebound from really low prices, those are prices that never really fell much after the bubble burst. gerri: that's right. i've seen that myself. so you live there, the prices are going up, up, up, maybe you're locked into a house and would like to trade up, what is the best thing to do? >> well, the first thing is not to panic. this is not 2006 all over again. in 2006 prices nationally looked more than 30 % overvalued and

more than 50% in many markets. so today even 10 or 15% overvalued is not 2006 all over again. but it's a remind or that housing prices go up, but they can also go down in places that are overvalued are at greater risk for a correction. huge overvalued markets, you can't count on housing being a great investment by itself. you really have to want to live in the place that you're going to buy. gerri: we all learn that the hard way, right? so let's say you want to be a buyer in an overvalued market. what would you recommend people do right now? >> the first thing is if you're thinking of buying an overvalued market, have a long time horizon. for someone's who looking to buy for a short period of time, they're at greater risk if prices turn down. over a longer period of time, places tend to recover, and the ups are more likely to balance out the downs over the long term. but if you're looking to move toward these overvalued markets

for a short period of time, renting might make more sense to you. >> let's talk about some of those markets that are actually undervalued right now. where do we find those? >> most markets across the country are still undervalued. nationally, prices look about 3% undervalued. most of all in the midwest and in some new england metros. gerri: you know, it's interesting you say that because we were just talking about detroit, and there it is list. some markets, jed, i've got to think are they ever really going to come back that strong? they have lower employment bases, lots of economic problems. what do you think? >> well, some of these undervalued markets look undervalued even relative to themselves a few years ago. so these undervalued markets in the midwest have had economic challenges for a long time. but even compared to just the past 10 or 20 years, prices in those markets look even lower than they should be. so i'm not saying prices in detroit will ever get up to boston, new york or san

francisco levels, but prices in detroit look low right now even relative to what's normal for detroit. gerri: jed, thank you. great stuff. >> thanks, gerri. gerri: went we come back, we're looking out for you and your money as our money coach joins us with much-needed advice for one of our viewers. and here is our consumer gauge with the numbers you need to know. we'll be right back. ♪ ♪ your customers, our financing. your aspirations, our analytics. your goals, our technology. introducing synchrony financial, bringing new meaning to the word partnership. banking. loyalty. analytics. synchrony financial. enagage with us.

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i have $40,ney do you have in your pocket right now? $21. could something that small make an impact on something as big as your retirement? i don't think so. well if you start putting that towards your retirement every week and let it grow over time, for twenty to thirty years, that retirement challenge might not seem so big after all. ♪

♪ ♪ gerri: well, the money coach series is back. it's where we help you at home answer any financial questions with one of our favorite, favorite expert advisers. tonight we have a retired woman who appears to have or all her ducks in a row financially, but she's just not sure exactly how best to plan for retirement. joining me now, financial con all about the and -- consultant,

ann slot. you have been a success in your life, you've set aside a lot of money, you've got a great pension. tell us about your finances. >> well, i'm a retired schoolteacher, and i have a pension of $78,000 which is, i think, pretty good. gerri: yeah. >> and i really didn't pay too much attention to retirement, i was so busy working and having fun and had a wonderful job. and i knew i had a good pension, that i really haven't put much time into retirement. and now i'm here, you know? it came out of nowhere, 40 years, i taught school for 40 years and now i've been retired for a year. gerri: but you're still working, right? >> yes. i have an income of about $40,000. i'm not teaching anymore, i'm out of the education business, but i love what i do, i like to work. so together i have about $120,000 to live on which i think is pretty good. i'm pretty comfortable, and i have some questions about what

to do with my investments. gerri: all right. well, let's go to that. anne slot, and by the way, you look fantastic for a woman who's worked 40 years as a teacher. you're retiring? it's hard to tell. >> i know. [laughter] gerri: so, ed, he wants to have the best retirement she can. what are the kinds of things you think she should do? >> well, she's done some things perfectly well. she has the pension, which is great, not everybody has that. she also has an ira, and she also has some life insurance. that was a smart move that they made. that's someone everyone should think of, and that's going to help her to the next level. one of the things she's going to have to do with her ira at some point is take required distributions. whether she wants or not. but that can be avoided maybe with a roth conversion. she says she has that extra job.

maybe think about a roth converse. she's age 66 which is the sweet spot for planning really. when you have iras and retirement accounts subject to all those rules, before 59 and a half if you take it out early, there's a 10% penalty. after 70 and a half you have required distributions, but between 59 and a half and 70 and a half, you can pretty much do anything you want. so she's right in there now. gerri: she's in the sweet spot. now, give us another one of your questions for ed. what else do you want to know? >> well, i had a couple questions. when i turn 70 and a half, do i have to take that required minimum distribution? i have $200,000 in an ira right now. >> and the answer is, yes. but you -- not until you're 70 and a half. >> right. >> so you have a few years. if you wanted to convert that or at least consider converting that, that would cost you some money now. but once that money's in a roth ira -- and that's what i mean by

converting, your ira to a roth ira maybe in parts, by the time you hit 70 and a half, you may not have required minimum distributions. one of the great things with a roth ira, there are no required minimum distributions. but you have to pay up front for that privilege. but taxes right now are historically low, and this may be the time to strike. in addition, you said you're working. >> correct. >> you know, you can still contribute $6500 a year to your own roth ira. that's a no-brainer. all you're doing is moving from one pocket to another. it costs nothing, and you start building money in a tax-free account. gerri: all right. i want to mention one other thing that's been done absolutely right. he doesn't carry credit card debt, she pays it off each and every month. kudos for that. i understand you have a house, do you have a mortgage? >> yes, i have a mortgage, and i have a car payment. those are my only two -- gerri: obligations?

>> you know, obligations. i've been told not to pay my house off for income tax reasons, and i don't know if that's a good thing or a bad thing. >> i don't know about that. i don't know what your mortgage rate is, but going into retirement one thing you'd never want, if you can help it, is debt. and if you could pay that off, let's say your mortgage rate is 5%, when you pay off a debt at 5%, that's like making 5% on your money. so it may be a good move to start paying some of that off going into retirement. but it sounds like you'll never be retired anyway. [laughter] >> i don't know about that. i really like working. i like what i'm doing. but eventually, eventually i would like to retire. gerri: wow. >> but not quite yet. gerri: well, great story. thanks for coming on. ed, great job with answering the questions. we appreciate both of you. >> thanks again, ed, for your advice. i really appreciate it. gerri: oh, nice. if you're out there watching the segment, you think, boy, i have a question too, you've got to

get in contact with us. go to our web site, drop me an e-mail, gerriwillis.com. there's a little form you can fill out, it goes directly to us. we want to hear from you. according to multiple reports -- this is a breaking news story -- the government has been standing in the way of progress when it comes to developing a cure for ebola. but should the government be involved or should the private sector take the lead? here's what some of you are tweeting me about our poll question tonight. one viewer says to work and be effective, it has to come from the private sector. on facebook, ed says: the private sector never really rely on the government. they are the same ones who said it was highly unlikely that ebola could come to the u.s. and here's jefferson: is this a trick question, do you want it done or do you not want it done? thanks for that. here's some of your e-mails. gene from new york says: no matter how you look at it, the government is sticking its nose where it should not be. and kenneth from virginia

answers the question: do you still go to the movies? no, i don't go to the movies anymore, they cost too much. i've got more pressing needs for my money. and neil from texas agrees: i rarely go to movies anymore, he says. the epic sound effects have gotten so loud it's uncomfortable. hollywood needs to embrace better content and talent and quit trying to raise the special effects bar. that's all they've got. we love hearing there you. go to gerriwillis.com, send me an e-mail. and still to come, my two cents more, and gm says it has a way to stop valets from taking your car for a joyride. but is it illegal? we'll answer that question coming up. 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! ok? mark! comp us up a profile page! copy! susie! write us some posts! ready! grace! upload some videos! uploading! i want sponsored woos. i want targeted woos. we want to be all up in your woo-woo feeds! gordon! register our woo-woo handle! janice?! we need an ethnically ambiguous woo-woo mascot. we're cashing in the q4 budget, people, and we're buyin' some followers! hahaha! yeah! [applause] woo! woo! woo! woo! woo! woo! woo! woo! woo! woo! woo! woo! woo! woo! woo! woo! o! yeah! [laughing] dude. are you still on woo-woo? naaaahh, man, my mom's on woo-woo. ♪ i've got a nice long life ahead. big plans. so when i found out

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gerri: we want to give you some more info on that august data breach at jpmorgan chase, new details we just got tonight by reading a regulatory filing from the bank. this is the bank disclosing to the feds -- not to you -- this by our count is one of the biggest data breaches in the country, up there with target and home depot. and in the filing jpmorgan says, contact information for 76 million households was exposed; names, addresses and phone numbers. now that's 76 million households, so the individual customer number could be much higher. chase also said about seven million small businesses were also affected. the hackers hit the bank's online site, chase.com, and the chase mobile app. the bank, which is the largest in the country by asset, says social security numbers and other personal information was not stolen. also no bank account numbers. chase also said they aren't seeing any unusual activity with people's accounts.

again, jpmorgan chase saying the size of that breach last month is 76 million households and seven million small businesses. and, of course, we will continue to follow this story. another high-tech story to tell you about tonight, owners of the 2015 chevy corvette are being cautioned against using the full extent of the car's high-tech recording device feature as it could be illegal in many states. mattie loren sow, welcome back to the show. explain the feature, first of all. tell us about that. >> where well, the 2015 corvette has this performance data recorder which, actually, is a camera and a bunch of data acquisition for, like, if you're on a track, you can actually film yourself on the track. and the camera also looks back into the passenger compartment so you can see yourself while you're driving the car. it has a record feature so that you also will pick up sounds of the engines and things like that.

and what they're touting with it is that in valet mode, you can actually record what's going on in the car as well as how far the car's been driven and those types of things, so you can tell what has happened with your car while you're not in it. gerri: we're just showing pictures of the dash so you can see exactly what's going on there, and i've got to tell you, i think this is not such a bad idea. did gm do something wrong here? >> well, it's not a bad idea. i think it's a case of trying to offer the customer more and not realizing that they're running afoul of these anti-recording laws where, you know, you need the person's permission to, ostensibly, it goes back to just recording phone calls, essentially, is why the legislation was pass inside the first place. gerri: pardon me. the company's saying they will update the software, and they're encouraging users not to use this system until then. but i don't know, matt, i really like this. i mean, do you know what risk

you were at when you park a car with a valet service? you probably have, you know, your phone number, your address, you have all kinds of personal information in that car. i would like to know if there's somebody combing through my data. >> well, typically when you put it in valet mode, you're locked out from a lot of these systems. so i think that's the safety portion. the one area that testify the problem with is -- that they have the problem with is the recording. but by the same token, onstar has the capability to go inside the car, and they can even shut so all this technology exists, but it just seems that this one little feature is running afoul of the anti-recording laws. gerri: so who would get in trouble, me -- the driver -- or the company? >> most likely the owner of the car because they're the one who are initiating the recording by engaging the valet mode and

activating the recording device. gerri: matt, thank you for coming on and explaining. we appreciate your time. >> thanks, gerri. gerri: we'll be right back with my two cents more and the answer to our question of the day: who should be developing an ebola cure? stay with us. ♪ ♪ asked people a simple question: in retirement, will you outlive your money? uhhh. no, that can't happen. that's the thing, you don't know how long it has to last. everyone has retirement questions. so ameriprise created the exclusive.. confident retirement approach. now you and your ameripise advisor can get the real answers you need. well, knowing gives you confidence. start building your confident retirement today.

>> gerri: well, who do you think should be developing the cure for ebola, the government or the private sector? we asked the question on gerri willis.com. all right. well, nobody likes getting bills in the mail. right? but one south carolina man received knocked him for a loop. it wasn't the amount it was a an electric bill. but the shocking thing. it was from 1984. mid-carolina said they've had trouble finding ivan davis for the past few years.

but he said he's been a mid-carolina customer the whole time. most companies have a three-year statutory limitation. because they're a co-op. he's out of luck. and finally tonight, the economy is better, better by almost every measure. those were the words the president said today. speaking about the pace of broad economic growth and according to the president, we are rolling in it. everything is better. but, look, you and i know that just isn't true. yes, the government is expected to report a jobless report of 6.1 percent, but if you look at americans that are unemployed underemployed or have dropped out of the labor market because they're discouraged, that number is nearly twice that. 12 percent. americans at prime working age aren't working. the labor participation rate is at a 38 year low. we have a very long way to go to

give middle class americans to give them the opportunities they need. that's my 2 cents more. that's it for "the willis report." thanks for joining us. see you back here tomorrow >> charles: big news stories today. the reports of ebola and texas may have come in contact with 100 people in a protest in hong kong growing stronger. let's start it off in washington, d.c. with the very latest, rich. >> a number of those who have been supposed have been rising rapidly. they are examining anyone who may have had contact with a liberian man with ebola. he's quarantined in a dallas hospital and the sisters for disease control acknowledges it's possible others may have contracted the disease from the dallas patient though they vow to contain the episode. officials express ebola is not airborne and an