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tv   The Willis Report  FOX Business  January 8, 2015 5:00pm-6:01pm EST

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edson, thank you very much. by the way looking ahead to tomorrow, the december jobs number. they're expecting 240,000 jobs. we'll see if they hit their mark. cheryl: that is it for us. it's 5 degrees outside. "the willis report" coming up. gerri: hello everyone, i'm gerri willis, and this is the willis report, the show where consumers are our business. ♪ gerri: everyone hates to file taxes. turbotax made it easy. not anymore. we'll show you the sneaky price hikes. the dow now positive for the year what's the best way to take advantage of all this? we've got ideas. the latest on the paris attack, a massive manhunt. several people -- [inaudible] and new information on the two brothers accused in the massacre. >> i think what we see in paris is a quantum change in the terrorist threat. this was a military attack in a capital city of a major western
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power. gerri: also freezing cold weather grips the nation. schools close travel disrupted. >> it's pretty cold out here facing right into this wind, very cold. gerri: and is job growth accelerating or slowing down? we examine the latest evidence that points to an answer. all that and more coming up on "the willis report" where consumers are our business. ♪ ♪ gerri: well, my friends tax season is looming and if you're preparing to get ahead of the curve by buying your turbo tax software well, you're going to want to listen up. intuit, the owner of turbo tax has infuriated longtime customers. here to explane why is edgar -- explain why is edgar who was formerly in charge of consumer education for the massachusetts attorney general's office. welcome back to the show edgar, great to see you. why are people -- >> hi, gerri. gerri: -- so hopping mad? >> well, people usually buy
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turbotax deluxe. i've been buying it for 20 years at this point. you grab it take it off the shelf, and it does your taxes. this year they stripped out some key functionality so if you have income from self-employment, from investments, from rental property it's no longer in the product. you get halfway through doing your taxes, and an alert comes up on the screen that says you have to upgrade at a cost of $30-$40 to get back that functionality that they took out. gerri: unbelievable. i've been reading some of the comments on amazon where people buy this software, and let me tell you they are getting flamed. their or scar reviews one-star review. 500 people -- very few people giving them five stars. i want to read one right now from amazon, let me join the chorus of longtime customers who are absolutely furious with intuit for downgrading the capabilities of turbotax deluxe so it can no longer do what it
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has done for many years, and i must pay another $40. so what is turbotax's excuse here? >> well they say they modified their online versions last year took out the functionality from the different pieces and put them into higher editions. now they said for consistency purposes they're doing that to the desktop. i mean, to me they kind of ripped off people last year, and now they're ripping off people who are i buying the desktop version this year. gerri: here's their statement, and i just want to read it directly. they say taking something away is always tough, but we had to make this change at some point to provide consistent product functionality across our desktop, online and local solutions. ten million of our customers prepared their return last year using multiple turbotax solutions which for some caused confusion. we put off in this change for five years but couldn't do it any longer.
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of course, this is not satisfying people who are so very angry and let's face it, edgar, what a lot of people do, they use all of the programs and all of the stuff that the folks at intuit put out there including quicken. so it's so easy to import data from quicken into your tax returns, but now this whole system is disrupted. what are you telling people to do tonight? >> well, basically if you've already bought turbotax the basic edition or the desktop edition with the little disk that comes with it, you can call their 800 number, and you can plead your case. on a case-by-case basis, they will upgrade people who are longtime customers, people who are very disgruntled about the problem. they will upgrade you to the proper version this year. gerri: all right. i'm going to give folks that 800 number right now so that they can call it, because they're being offered free upgrades basically. if you call and complain, you may very well get an upgrade.
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3-800-445-1875. that's 1-855-44 -- 1-800-445-1875. that's the number. tell them you're not happy and they may give you an upgrade. but specifically here's what they're not doing this year. so self-employment information, investments, rental income right, edgar, i have this right? these are the things that if you need to put those into your tax form, you're going to have to upgrade. tell me more. >> if you're using the full schedule c, d and e as you said, for those topics you have to upgrade either to premier which is $30 or to the home and business which is $40. they will tell you, oh, you can use with forms mode, so-called where you can fill out the form manually on there. but you won't be able to e-file. so they really have you coming and going, unfortunately -- gerri: wow. >> and i would hope they would make these free upgrades available to everyone. that's kind of my goal of
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speaking out, that they didn't do enough goodies closure ahead of time -- good disclosure ahead of time before consumers buy product. they should make up for it by giving a free uptrade this time -- upgrade this time and next year charge the full price. gerri: before you go, i want to show a picture of what it looks like if you're using this program just so you'll know what you'll see on your computer screen. that's going to say if you've got investment income, for example, you need you are turbotax premier. edgar, thanks for coming on the show. i don't think we would have known about this if it had not been for you, so if you find out that they're giving everybody free upgrades, please come back and tell us. we'd love to know. thank you. >> absolutely. thanks gerri. gerri: appreciate your time. and also to the folks at intuit tell us what's going on here. we'd love to hear directly from you. we read your statements, but we would love to have your ceo on ooh to talk about this. and here's our question tonight: do you do your taxes online or
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with a professional? log on to gerriwillis.com, i'll share the results at the end of tonight's show. 29 million people doing their taxes with turbotax. unbelievable. well, there your tax dollars to your nest egg, stocks surging for a second day putting the dow into positive territory for the year. but with the new year comes new troubles for the market. we're helping small investors navigate 2015 with shane ciderman co-founder of bay ridge financial. welcome back to the show. we've got 630 points in two days on the dow that's amazing. now, a lot of people are going to want to get in here. are stocks too expensive now? >> i don't think so. i think they're explosive right now. what you've got going on is i don't think we're pounding the table enough about the crude oil coming down. crude oil is affecting everybody across the board and the dollar's going to stretch, the velocity of the dollar's going to be amazing. gerri: so i know a lot of people out there think i've missed the run, i'm coming in too late. where are the opportunities? >> well, if we take a look at
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the shanghai it moved up 20% in the last month. that's pretty impressive. everybody -- gerri: shanghai? so you want me to invest in that? >> no, but i would like you to look at pgj -- gerri: etfs here. pgga -- >> pgj. gerri: all right. so look at china, you're saying because they've probably been sold off and sold off hard, right? >> absolutely. they're the a consumer economy very close to the u.s. i believe they're on their way to 60% -- gerri: except they're 20 years behind there's that. here's one of my problems with people getting into the market now and the way you approach it. there are numbers out from a company where an individual investor goes to track how their investments are doing online. it's an app. it's a very good app. they say that people don't make what the market reports every year. in fact, if the market is up a lot, people may get only a percentage of that return. take a look at these numbers.
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we lag thearket, s&p 500 in 2014 was up 13.5%. the median investor was up 4.2. what are we doing wrong? where's the disconnect? >> well let's take a look the last two years. one of the hottest sectors out there was crude oil, and guess what? everybody filed into crude oil and you're not diversified enough -- gerri: i don't think about crude oil, i think about what stocks and sectors i'm going to buy growth stocks, value stocks that's the withdraw i approach it -- that's the way i i approach it. even the pros weren't in oil last year. i'm talking about s&p 500 returns we can't match here. >> with i totally agree with you, but a diversified portfolio is a mistake. people tend to think with emotion and they follow what's running, what's the trend, and that's what they jump into. gerri: and that's a mistake. >> yes. gerri: so people are behind they're not in front. what else do they do wrong to keep up with the kinds of gains in this market that we're seeing
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right now that are so attractive. >> let's have three buckets, a bucket that's growth with investments depending on your age and risk tolerance and let's take another bucket for safety so when a crisis appears and certain markets get oversold, we're there to take advantage of that. so right now let's look at oil. is oil going to stay down forever? i don't think so. but over the next -- gerri: you got an etf for me? >> well, vde, that would be one, xle is another. gerri: are those buckets one-third, one-third one-third? >> well again, every client's different. me and you don't have the same suit size, so you have to tailor make it to the client. they should sit with some financial adviser. gerri: any other specific recommendations you'd make for individual investors here? i think they're looking at what the market's been doing here and they are just jonessing to play, and they don't know how to get started. >> number one let's be cautiously optimistic. i don't think the fed's going to move they haven't yet. and if you look at europe our biggest trading partner right
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now, all those countries are in trouble. look at italy, i think it's close to 14% unemployment. spain is in trouble as well. so moving forward with the crude oil coming down the two biggest benefactors of the consumer economies, the u.s. and china. so i like both -- gerri: that's a where you start. >> yep. gerri: shane great stuff. interesting conversation tonight. thanks for being on. >> thank you. gerri: and we have a lot more to come this hour including answers for parents about when their kids get sick. and, next brutal cold gripping the nation for yet another day. we'll have the latest and see how some of your favorites here at fox are keeping warm. that's right, we're looking at the coats and the shoes and the boots and the gloves and the hats. that's all coming up. ♪ ♪
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gerri: well, dangerously cold air has swept across more than 80% of the nawtion. temperatures plunging into single digits forcing schools from the south to the northeast and across the midwest to close. students in detroit were spared a trek to school in 3 degree weather, and residents in places like alabama and north carolina are becausing for wind chill -- bracing for wind chills below zero. winds gusting to as high as 35 miles an hour could make it feel like 45 degrees below in parts of upstate new york. and more is on the way. another blast of winter weather from canada, of course, is heading into the a do can coe thats -- dakotas. 50 mile-an-hour winds will cut vuz about as the snow on the ground gets blown around. so how do you dress for winter? be what do you wear? we asked for a few of your pictures and comments about the weather on facebook and twitter today. we'll get to that in just a minute, but first i went around the office right here at fox to see how the ladies and gentlemen
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of fox business and fox news dress in the winter. take a look. how do you stay warm in this ridiculous weather? you've got holes in your jeans! >> i've got a gorgeous sweater gerri. i work really hard. it could be 80 degrees outside or -20. i have no idea. >> what i really do is i just stay under the blanket all day. >> i can't wear snowmobile suits in new york city. they just don't really make them anymore. so this is what i call my snowmobile suit. look how far down this coat -- gerri: love, love -- >> look at that little tiny bit of -- >> that's all she's got. >> these are my secret weapon. gerri: put 'em on. they're gorgeous. >> these are my furry earmuffs. i can take it. >> love these earmuffs. love the gloves.
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necessary. gerri: can you put that on for me? >> you know i wore -- gerri: ah! >> here's what i want to tell you, okay? a couple things here. the other thing is -- excuse me one second here. lightweight patgonia lightweight thermals. a must. gerri: all the time? >> all winter long. do yourself a favor, get dressed indoors, get kind of toesty and then -- toasty and then you can go out. gerri: love it. >> i'm typing in gloves, i have two sweatshirts on underneath, thermal socks, i swear, my ski socks, and gloves. i'm not taking it off until i have to be on cavuto's set. two minutes to run down there. this is staying on. >> it's 4 degrees outside. so i'm a little chilly right now. it's all about staying warm whether i'm inside or outside. you know what? at the end of the day gotta look good. >> in the winter fashion goes
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out the window. i'm just trying to stay warm. i have multiple layers of pants and shirts. my hands might be cold but my heart is very warm, and that usually helps. >> whatever! >> i'm sick. i'm on, like, so much stuff. you know what keeps me warm? my leader hosen. gerri: is that a boys' coat? >> you know what? it could be in. in this case it's my coat. so i'm going to claim girl power. gerri: how do you stay warm in this weather? >> you unsnap, you button down -- gerri: what are these? >> custom clogs. these are thick and they're great. they're great for traction on the snow. i don't often wear boots -- gerri: why? >> because i wear very thick socks. so when i get to somebody's house, i want to slip off my -- if it's snowy, you need something water proof. my coat is warm to -28. gerri: how so? technology? >> well, you know, there are a
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lot of designers now particularly in colder climes where you don't want to be all bulked up. gerri: that's true. >> my husband says it makes me look like kenny on south park. didn't he die on every episode? [laughter] gerri: really cute, right? that was wonderful. and, of course, she doesn't die in this episode. she is not -- kenny does not look like kenny. we want to hear from you too, so we asked about keeping warm, asking you to the send your thoughts and picture and here's what some of you sent in. louis sent us this picture to make the rest of us jealous. it's a bit cool in los angeles today, he says, so i stay warm by running 4 miles. good for you my friend. i'm so jealous. one of our favorite guests on this program, dr. kevin campbell is even forced to don a wool hat in north carolina to keep warm tweeting, healing hearts and staying warm at unc. and here in new york luke -- look at luke -- is one of our
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producers' sons, and he's bundled up to brave single digits, so i'm not really sure he had a choice with all of that. in addition to following me on twitter and facebook, be sure to like fox business on facebook. and later in the show is the job market really getting better as this administration claims? and next we answer the question how do you do that? with flu season in full swing how can you tell if you have the flu or the common cold? stay with us. and let us know what you think, tweet me at gerri willis@fbn. we'll be right back. that's right. it's just that i'm worried about you know "hidden things..." ok, why's that? no hidden fees from the bank where no branches equals great rates.
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♪ ♪ gerri: well, a thermometer as you know, is plummeting, and more people are getting sick, so when is a sore throat or a runny nose a sign of something worse
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like the flu that is hitting much of the nation? tonight, we're helping you distinguish between flu and the common cold with the vice president and chairman of medicine at newark's beth israel medical center. >> good to see you, gerri. gerri: so when you're starting to feel a little down how do you know which one you have? a lot of people are asking this question right now. i don't feel good, but i don't know if i stay home or i go to work. >> well, we all know what a cold is like. colds last from 3-10 days that's the sniffles, that's a low grade fever, maybe 100 100.5, something like that. but you don't have muscle aches you don't have severe headache and you don't have high fever. when that happens, then you have to think flu. gerri: and when you say high fever, what do you mean? >> i'm talking about 102, 103. but the headache and the muscle aches, we call it my y'all yas in medicine, that's the bad stuff. and as a gift you may start vomiting and have some diarrhea.
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but that's not everybody. gerri: so everything can go wrong and go haywire. we were talking about during the break how this flu is particularly virulent. i think 21 children have died. it's horrible. how can i avoid this flu? >> well, this is called a h3n2 flu. when everybody made the vaccine in march, there was what's called a drift. we have a term for it which is very complicated called antigenerallic drift. and that means the flu changed it coat, its character changed. it became pretty bad pretty toxic. it's a flu type a, but it's a pretty nasty version. the vaccine that everybody should get will cover you for most of this. there is a lot of crossover. gerri: i've read that's not true. i've read that this particular -- and i always get the flu shot. [laughter] i haven't gotten sick yet thank goodness, but i hear this flu shot really isn't for this particular strain of flu. >> it's not for this particular
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drift of the antigen, but it'll cover you for about 70-80% of it, and you'll have less -- gerri: symptoms will decline? >> symptoms will decline quicker. gerri: okay. well i'll buy that. now, kids get hit, older people get hit because they have lower immunities. anybody else at risk here? >> pregnant women are at rusk. kids get -- at risk. kids and elderly those who are immune owe suppressed, those on medicines, diabetics. they all have to be careful. gerri: you told me women do better than men. >> women do do better than men. that's data we've accrued -- gerri: do you think it's because they're crankier about pain? [laughter] you find this all the time, right? >> yes yes. gerri: is that possible? >> no. it has to do with immune function. women have much better immune systems than men. they do. gerri: that's interesting. i didn't know that. >> yes. gerri: any other precautions you can suggest?
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>> just if you have what you think is the flu try to stay away from the emergency room although if you need to go to the emergency room tell the nurse that's triaging you i think i have the flu so you don't give it to everybody else. we have people with the flu walking in and giving it away asfts to -- gerri: tamiflu, you said. >> yes. if you have the flu and your doctor or the emergency room does the swab and proves that you've got type a flu, you can take tamiflu within the first 48 hour, and it will change the course of the disease and make it a lot less yes. gerri: great stuff. thanks for coming on. >> see you. thanks gerri. gerri: and coming up, president obama is once again pushing failed policies, in this time focusing on housing. we'll have the details. and next, the people in france remain on edge as the hunt for the two men behind yesterday's terror i a-- terror attack continues. we'll have a special report from paris.
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gerri: all around the world today, crowds gathering for a second day to mourn those killed in paris yesterday and to defend free speech. fears are mounting in france that two heavily armed brothers suspected of carrying out the massacre might strike again. two sources confirming to fox news that one of the brothers traveled to yemen in 2011 and made direct contact with al-qaeda training camps. greg joins us from paris with the latest right now. greg. >> hi, thanks very much. it's the scene of contellcontemplation here. people remembering those lost in that terror site. which is 40 miles away from here. an intense police hunt is on. 80,000 police have been dispatched. a car was spotted this
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morning with two individuals that matched the description of the two main suspects believed to be responsible for the attack. that's got a big deployment of soldiers and other police officers. authorities have mentioned that that could be a repeat of this attack, either by those involved or others. there's been one other important development. another suspect has been found. actually he gave him into police overnight. he said he wasn't involved with it but the police says he was the getaway driver for those involved. and it is a city on edge. for example, this morning, a policewoman was shot and killed. she was at a traffic incident and a man walked up, shot her we're still waiting for affirmed confirmation that it doesn't have any linkage to the terror. even the possibility has
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people nervous. finally i'm looking at a memorial behind us. people are remembering the lost. there was a moment of silence. it was a national day of mourning for those lost from the satyrical newspaper. offering condolences to the family. and offering defiance to the terrorists who seem to say there is no freedom of expression or freedom of speech and freedom of the media. these people say something different. gerri: greg, the outpouring has been amazing. we've been watching it all day. to see how people are reacting to this horrible attack. fascinating. i have to ask you tonight, are police thinking it goes beyond these three suspects? could there be more people involved? >> well, that is the fear. i mean, we're not hearing so much about a support network. there have been nine
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related arrests in the past 24 hours. so they could be offering some kind of a support. again, as i said the prime minister today coming out and saying, yeah the fear is there could be more attacks. these guys are pretty desperate. and the fear, again, is that they want to go out in a blaze of glory and that could be what they might be thinking about. if not more civilians more policemen. a big effort to put an element of what has become a national trauma to an end. back to you. gerri: thank you for coming on and coming on so late in your day. we appreciate your time. thank you. it's time for a look at other stories in the news. divers today failing at another attempt to find the black boxes from airasia flight. they found where the boxes are expected to be. but strong currents have
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kept divers at bay. four more bodies were recovered today raising the total to four to deaths. the keystone pipeline heading to a vote. the energy committee passed it on a 13 to nine vote with only one democrat supporting it. the house will vote it tomorrow and will likely pass it easily. honda being find $75 million for not reporting more than 700 million complaints to safety regulators. it caused injuries and death. the largest civil penalty imposed on an automaker. new york city is at it again. it's gone after soda graduates, and trans fats. now mayor bill de blasio is planning to ban food establishments from using plastic foam containers. the sale of packing peanuts will also be banned. what next? those are some of the
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stories in the news tonight. uncle sam refuses to evict himself from fixing housing a cut in cost from mortgage premiums backed by the federal housing administration but will this spur buying? rick senior vice president for auction.com. what do you make of this policy? where will this lead us? is this a fix or what is really still a sluggish housing market? >> i think the president is doing what he can do. the 50 basis points drop in fha insurance premiums will not estimate a landslide of buying. even the administration suggests over three years you might have an extra two 150000 home buyers which amounts to less than a 200 increase. and the administration hasn't been terribly accurate with its forecasting in terms of how successful its programs will be. it will help some people
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buy. gerri: you said they're always overoptimistic about the impacts what they're doing. we've seen program after program directed at fixing houses. i have to tell you, i think it will be like the car market. the president was touting what he had done for the automobile industry yesterday but it never came back to real life until real demand showed up, that was consumers deciding that the 11-year car that they had in the garage, it was just too old and they had to replace it. in other words market forces is what will drive even housing market forward. do you agree with that? >> absolutely. it's supply and demand right now. demand is very, very weak. and that's still due to the sort of jobless recovery that we've gone through. the unemployment numbers are very misleading. employment services and temporary jobs have been the fastest growing.
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that's the millennial generation. they're missing from the marketplace right now. gerri: is the government standing in the way of the housing market in a different way. there was a ton of reform of mortgages. what they promise and what they do. the industry was up in arms about it. people say it's very hard to get mortgages. were those, quote, higher standards. that's what they call them. basically taking power away from the industry to write the mortgages they want was this one of the things standing in the way of the housing market? >> credit is undeniably tight. it's very hard for the average borrower to get a loan right now. there's a shortage of test kits for anybody filling out a mortgage application. the industry itself removed most of the risk from the lending business after the boom and bust cycle. they modifyied it to a certain extent made it
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law. the ability to pay rule as a quick example eliminates a third of african-american and latino borrowers. and thousands of recent college graduates burdened with debt. the government made it harder. gerri: now, what they're doing. they're basically saying that the insurance that the government wants you to have to guarantee your mortgage which puts the taxpayer at risk, if that happens. we won't worry about that so much. pay less for that. it doesn't matter. that seems to me silly as well. >> i think the fears of the fha needing a bail outare overblown honestly. the fha has been money every year except when it became the backstop for all the subprime mortgages -- gerri: we had to bail them out. billions and billions of taxpayer dollars went to this industry to bail them out.
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i think americans as a whole don't want to see anything like that again. >> to the industry, gerri. very little went to the fha. their last two years have been basically record profit years. the .8 insurance premium is higher than average. i'm not one of the people all concerned that the fha will go sideways financially. gerri: the debate goes on. thank you for coming on. good to see you. when we come back, the data seems to show a recovering job market. main street seems to tell a different story. later, the king. you know the king. there he is right there. he would have been 80 years old today. his fans continue to love all things elvis. count me among them. first, here is your consumer gauge with the numbers that mean the most to you. ♪
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gerri: after november's robust employment numbers all eyes tomorrow on december's jobs report. comes out in the morning. will you be watching? what can we expect? what will the job outlook be like next year? joining me peter. welcome back to the show. the reason we're doing this segment is because we saw your column. i thought it was so interesting because it's a little irreverent. it's a little against the grain. we may be counting our chickens before they hatch. they may not be as strong as november the jobs number. why? >> i see the economy slowing a bit. not going down. over the last quarters we had data, we grew at
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5%. we slowed down at 3%. we won't sustain the amount as we did in november. i'm looking more to 2015 where we have maybe 225- a month. for december the consensus is 245. that's a reasonable number to expect. >> i'll play devil's advocate even though i think you're right. you know oil prices, gas prices out there have been a huge boone boon to consumers. i would think it would be a boon to the economy as well. perhaps increasing sales at retail malls. perhaps increasing people who eat out at restaurants, et cetera. won't that create more jobs give a little fire to this economy? >> that's a plus. that plus is limited by the fact that we'll lose a lot of jobs in north dakota texas other places where they drill and frac. after all we're not the major oil producer.
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it's not on the 18 million barrels we consume, but the six or five and a half barrels a day that we import. i compute that to be 125 billion-dollar lift to demand. that's good. i'm all for that. the dollar is strengthening like gangbusters. german and japanese exports in third markets and right here will be much more competitive than american products. a lot more competitive. gerri: this is a big issue that a lot of people have not talked about. which is to say, as the dollar becomes stronger and stronger, whatever we make whether it's auto or rolling pens whatever, it's going to be more expensive overseas. right? >> absolutely. one of the problems to get people to focus on that is wall street. wall street loves a strong dollar. they make m&a activity abroad very cheap. they say i'm for a strong dollar. anybody who wants a weak dollar is unpatriotic and doesn't know how to
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run the economy and all this. i had a debate about that last week. you don't want a weak dollar. you don't want a super strong dollar. the exchange price is a price like any other. and you want to get it right. you want to make it so you're competitive. gerri: i have another question for you before you go. we talk about the number of jobs. just as important is what they pay. that's what we haven't seen a big improvement in. what's your outlook there? >> the pay won't be great. the obama administration has created a few on his watch. reagan with a much smaller economy created 11 million. that created a lot of upward motion on wages. with so many unemployed no matter what they say it's a buyer's market. wages stay flat. gerri: well, i'm sad to hear that, my friend. i think we need higher wages for americans. >> so do i. gerri: we need better paying jobs. look, you can create a lot of jobs.
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so many of the jobs that have been created in this marketplace are low-paying, service jobs that particularly the people that were laid off in the great recession, that's not what they want. they have a lot of experience. they have something to contribute. those are the jobs i believe we need. you agree? >> absolutely. one out of every six men between 25 and 54 is unemployed. a lot of those people are in manufacturing and construction. you know, all these regulations, the obama administration in your last segment you talked about in the construction sector and housing and so forth and all the state and local regulations that prevent urban development from flowering as it should when cities are rejuvenating. all that is suppressing job creation in the middle. manufacturing construction jobs in the middle. this administration doesn't like manufacturing and it behaves like it doesn't like housing even though it talks another game. gerri: peter, thank you.
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good to see you. >> take care. gerri: you as well. still to come, today would have been elvis' birthday. we'll look at the tourism dollars rolling in.
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gerri: isn't that nice. right? elvis. that was patrick. patrick has been performing as elvis since 2007 and we wanted him on to help celebrate what would have been elvis' 40th birthday. the king is still raked it in. still popular with fans. john joins us more on the business with elvis. his business continues. right? >> absolutely. it's decade since he died. and it almost seems that he's bigger today as a cultural and financial entity than in his lifetime. gerri: your 16-year-old daughter loves elvis? >> elvis and kurt cobain. i don't know what happened to the beatles.
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gerri: they auction a lot of his memorabilia. >> they're going into the memorabilia business. they're not selling their memorabilia but other stuff that collectors have brought to them. they're letting people coming in and having it authenticated for a price, of course. gerri: they're selling planes. >> graceland is not selling the planes, but the planes were housed at graceland for many years. and graceland doesn't have anymore room for them. so the partnership is auctioning them off. these are elvis' private planes. gerri: you can see the clothes the rooms and the furniture and everything else which is so much fun. tell me, how else can i get in touch with my inner elvis. you say i don't have to go to graceland. >> there is this booming odd of elvis tourism
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everywhere. gerri: it's not odd. >> it's happening everywhere. pigeon forge has a museum. in texas, there was a guy who was in the army with texas, he has a museum. then there's nick's cafe outside of denver. he made elvis his beloved peanut butter bacon sandwich. he put it on the menu. this is just nuts. gerri: that's interesting. peanut butter and banana sandwich? >> he did. nick served him a version of this sandwich with bacon and i'm told that that was the real deal for elvis. gerri: bacon does make everything better. appreciate your time. we'll be right back. first, elvis. take it away. ♪
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gerri: as we told you at the top of the show, turbo tax have changes that have people fuming. do you do your taxes online or with a professional? 34% said online. 66% use a professional. be sure to log on to gerriwillis.com for your online question. don't forget to dvr the show if you can't catch us live. "making money" with charles payne is coming up next. and listen to that as we go to break. ♪
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♪ charles: i'm charles payne and you're watching "making money." the dow surged. who said rollercoasters can't be fun. welcome to 2015. it's a crazy ride. this will be a great year, i say, for you to make money. let's go to nicole petallides on the floor of new york stock exchange. nicole. >> charles, another day. and this great day on wall street actually pushed the dow the nasdaq, and the s&p into positive territory for 2015 the dow is up more than 200 points. you're talking about over 500 500 points in just two days. not sure everybody expected that big move. great job numbers. adp for the private numbers yesterday. today you have the

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