tay in it? what happens to our stock markets and your money if europe starts to falter? will that hold off? what about mortgage rates? one oracle to answer, warren buffett 3:00 p.m. eastern storm. don't miss it, exclusive. gerri: hello, everybody i'm gerri willis and this is the "willis report," the show where consumers are our business. the ugly fight over the fortune of robin williams. >> robin williams's children and wife are now headed to court in a fierce battle over the laid comedian's estate. gerri: his wife and kids feud over his money property and all sorts of items, right down to the knickknacks he collected over the years. you made your voice her and turbotax was forced to take action. turbotax agreeing to refund customers who were forced to spend 50% more on software. turbotax says the date what you can upgrade your software for free. obama makes tax season more

complicated as the irs looks for more money to enforce the law. >> how do you think the american people will feel about your coming here an asking for more money. >> we're not asking for more money. we're asking money back that has been taken away. gerri: auto sales zoom higher in january. expect to see a lot more suvs on the road. we'll have a preview of this weekend's grammy awards all that and more coming up on "willis report," where consumers are our business. gerri: big, big day in the markets. stocks surging. more on that in just a moment. but tonight we begin with the legal battle brewing in the robin williams saga. it has been only six months since the academy award-winning actor and comedian passed away. now his widow and three children are in a family feud over his estate and property. each say belongs to them. with more on this "tmz" executive producer harvey levin. thanks for coming on the show. >> sure, gerri.

gerri: this is story everybody in america can frankly relate to. tell us what are your sources telling you about the situation of trouble brewing there. >> the trouble was brewing literally days after robin's death. susan snyder is his wife, was his wife of three years. robin has three kids, none from her. zack zelda and cody. and they say, we've got, our sources on their site, she refuses, susan refused to let them in the house. and they wanted to be around his stuff, his memories. she would not let them in the house according to them. and one of the things they wanted and still want is that robin made it very clear in the trust that he created that they were to get all of his personal effects before she entered the picture. and we're talking about movie memorabilia, action figures graphic novels theater masks. his oscar from "goodwill hunting." all of these things were left

to the kid. now susan is not necessarily saying that she won't give it to them but she hasn't given it to them. and susan is getting appraisers to look at things, which is alarming the kid because they're wondering why does she need appraisers if she is giving this stuff back? it has gone back and forth for six months. she has now gone to court to try to clarify things. the kids are suspicious of her, for example, the kids are entitled to robin's jewelry under the trust but susan in her legal papers is now trying to define jewelry to exclude his watch collection. so the quibbling over this and that. gerri: they're fighting over the tucks that robin williams wore to the wedding absolutely everything. this is all detailed in the trust documentation. the court dealses say clothing, jewelry, personal photos taken prior to marriage to susan, memorabilia, awards in

entertainment and tangible personal property located in napa. that has been assigned. apparently williams kids are supposed to get all of this. yet they're not why is the letter of the law just being ignored here? >> again when you probate a will or when you have to go through court to establish what the trust means, it takes time. and that's the problem here is that this is brewing. i've talked to people who were very close to robin williams, extremely close to rub robin williams. they are heartsick. this is absolutely the last thing robin williams wanted was a fight over his stuff. and a lot of his friend are walking away from everybody because they're so upset about it. the kids are saying look, we don't want to fight. we want what is ours. they're saying susan for whatever reason is with holding it. gerri: from her point of view within the court documentation, she is frightened by trustees coming on to the party. do you think that is

positioning? do you think that is argument or do you think that is reality? >> she is saying people came in unauthorized way and took some things. they never said the kids did. that the kids said they were never allowed in. doesn't seem like it is them. i don't know what the trustees did. i don't know whether they were heavy-handed. whether they were unsympathetic. whatever it is it has drawn this divide between her and these children and it is getting worse. it is not getting better. and this is when as a lawyer i can tell you, that i know that when people go down this road it is hard to come back and be civilized unless somebody says, what are we doing? and that hasn't happened yet. it is escalating, rather than de-escalating. gerri: i think every family in america can relate to this. harvey, thanks for coming on to the show, we appreciate your time. >> okay, gerri. now we'll turn to the experts with advice how your wishes are fulfilled to your estate.

joining me now,en margaret and phillip siegel, a managing member of charles griffin associates. i will ask you what is going on, margaret, to you and this robin williams case. this isn't all that unusual really, right. >> it is very, very common. i think the first thing this court is going to look at is the prenuptial agreement. gerri: we didn't even mention. that what's in that. >> it is his third marriage. he finally got around to doing a prenup. the prenup will establish what goes into his estate plan. so he will be free -- gerri: does that document, us did that supersede the trust. >> you can't give less in the estate plan than you promised in the prenup. so that is probably going to be constructed. >> so, look i keep saying every american can relate to this story. you know that's true, right? how many families do you see in your practice who were fighting

over estates just like this. >> it happens all the time. and the main reason it happens that families think that we're different. we're not going to squabble like little children. we get along. everybody is going to be fine. here you have the ingredients for disaster. you have stepchildren. you have new wife. gerri: blended family, right. >> robin williams like many people wants to think everyone gets along. and he was not sufficiently specific in deciding who got what. i mean, just saying memorabilia regarding showbusiness, they're fighting over his action comic figure part of his -- gerri: japanese anime. antique weapons carved boxes theater masks and rare books. all kinds of things out there. anne marie to you phil is saying it is not that detailed the trust documentation but it is pretty much laid out. why don't people just pay attention to the document? isn't it the law at this point? >> it is not sufficiently laid

out in my opinion. when you have a blended family a second marriage, this was a third marriage, you need to spell out with chris can tall clarity who gets what. gerri: good lord, do you have to write out absolutely everything you own, phil. >> it certainly helps. if you want to give your watches to your kids, say, alex get the rolex. brad gets the cartier. or ask your kids, hey kid anything specific that you want? if you don't say it now you risk having to squabble over later. these kid -- gerri: go ahead. >> but the problem with this specificity that it raise as tax issue. she is having these things appraised. we need to look at estate taxes. so when you deal with neat category my jewelry, we can cart it out in a box. but when we say my cartier then the irs is involved. gerri: wow, that is a big difference. let me tell you, phil should i pay you guys money to set up a

will or estate or trust for me? at the end of the day if everybody will ignore it what does it matter? >> they won't ignore it if it is specific enough. estate plan something also tax planning. if you don't plan properly your loved ones may have to pay more tax than otherwise. if you plan you can't ignore. gerri: what is your one simple piece of advice for people out there who might be thinking about this tonight? >> need to confide in your attorney. need to tell them everyone's little emotional flaws, personality defect. treat them like a therapist, so the estate plan can really help the family avoid trauma. gerri: great advice, guys. thanks for coming on. really appreciate it. now we want to know what you think. here is our question tonight? do you have a will? do you have a will? tell us, we want to know. log on to gerriwillis.com to vote. i will share results at the end of tonight's show. breaking news now.

you see the banner in the lower part of the screen. breaking news from the capitol hill. house of representatives just voted to repeal obamacare. this is the first time the new house had a chance to vote on repealing health care law. there are 47 new house republicans speaker boehner wanted to make sure freshman had the vote, repealing and replacing obamacare was big issue in the midterm elections. republicans are looking for simple 51-vote majority there. there is no timetable. president obama would never sign legislation repealing his signature law if it ever hits his desk. obamacare is also before the supreme court this spring. a lot still unresolved there. but the headline tonight house republicans just voted to repeal obamacare. the big news on capitol hill. the head of the irs was just there today looking for more taxpayer money to make sure it can collect every single penny it can. the irs has long complained that

it is short of money. it needs more to do its job. funny it seemed to have more than enough to go after tea party groups over a year ago. rich edson has been following the story in washington. rich? >> well gerri irs commissioner john koskinen said taxpayers can expect miserable and abysmal service from his agency this filing season. he blames a lack of funding. irs is asking for nearly $13 billion to do its job. congress gave it about 11 billion. with its targeting of conservative groups applying for tax exemptions and expensive conferences and employing workers owing back taxes, republicans say the irs should simply make better spending choice. >> how do you think that the american people will feel about just your coming here and asking for more money. >> we're not asking for more money. over history. we're asking for money back that's been taken away. we're actually doing significantly more with significantly less. there comes a point at which you have to do less with less.

>> koskinen also says the irs reformed many of objectionable practices. he personally signs off on any conference costing more than $50,000. he says while congress continues to cut or flat line its funding, it also gives the irs more tasks, more enforcement initiatives. he points out in the most recent irs funding bill, congress cut its budget and assigned it two more programs to initiate gerri. gerri: rich, thank you for that. we are in the middle of tax season and turbotax is trying to recover from a big mistake it made just a few weeks ago. people who bought turbotax deluxe, and there are millions of us who did, they weren't able to file their taxes unless they paid for an upgrade. to make matters worse, folks only found out about the price hike in the middle of doing their taxes. think about that. we made a big deal of this when it happened. why are people -- >> hi, gerry. gerri: so hopping mad? >> well people usually buy

turbotax deluxe. i've been buying it for 20 years at this point. and, you know, you just 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 is no longer in the product. you get halfway through doing your taxes, and it alert comes up on the screen that says, you have to upgrade at a cost of 30 to $40 to get back that functionality that they took out. >> unbelievable. and i've been reading some comments on amazon where people buy this software and let me tell you, they are getting flamed. and good news tonight. turbotax listened to you. they reversed course and they said today, that on february 7th, this saturday, you can download upgraded version for free. definitely a win for consumers. we've got more to come this hour including princeton review gives us a list of colleges giving

students best bang for their buck roi. why a hospital is a bad place to have a heart attack believe it or not. shocking reasons why this is happening. and what doctors are doing to fix it. stay with us. the future of the market is never clear. but at t. rowe price we can help guide your retirement savings. our experience is one reason 100% of our retirement funds beat their 10-year lipper averages. so wherever your long-term goals take you we can help you feel confident. request a prospectus or summary prospectus with investment

information, risks, fees and expenses to read and consider carefully before investing. call us or your advisor. t. rowe price. invest with confidence. the real question that needs to be asked is "what is it that we can do that is impactful?" what the cloud enables is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a cure for cancer, that's what i'd like to do.

gerri: get this the hospital might not be at best place for a heart attack. studies showing now having a heart attack in a hospital is actually deadlier than going to the e.r. that is after suffering a an attack at home or at work. a group of 12 hospitals across the u.s. are joining forces to try to fix that. with me now a doctor from nyu langone medical center. i want to thank you forking here. show the folks these numbers. heart attack fatality rates at e.r. 4%. in the hospital if you have be there happen to have a heart attack fatality rate goes to 40%. why is this happening? >> it is very counterintuitive. you would think you would be

healthier in the hospital. the truth, e as are gotten good, recognizing heart attack getting the patient quickly to the cath lab. gerri: i'm in the hospital already and i'm surrounded by doctors and nurse. >> you would think. gerri: why, for goodness sakes seems like they should be superfast. >> there are a few issues. people in the hospital tend to be sicker. if you're admitted to hospital you're sicker than someone coming off the street. you may not survive the heart attack whether diagnosed quickly or not. they're is issue with the staff. they're not as good recognizing symptoms. patients in the hospital are not as good as telling people their symptoms. when you go to the e.r. you say i'm feeling chest pain. go to ic-u, on ventilator can't speak you can't volunteer those symptoms. gerri: those twice in the emergency facilities, they are johnny-on-the-spot. >> yes. gerri: even coming in, they're already starting -- >> they are ready. may have already gotten a phone call from paramedics.

get ready. we want to assess the situation. gerri: astonishing you could be in a hospital have a better chance of dying from a heart attack than wheeled in on a gurney night is very disturbing. the who hospitals are trying to change some of the factors. gerri: what are they doing? >> train the non-cardiac floors, staff on the floors to better recognize symptoms early on. they have want to get ekg done real quickly if there is any suspicion. once the ekg is done they want to get the patient to the catheterization lab as quickly as possible. ironically, even though they're in the hospital, those patients take longer intervention than those coming off the street. gerri: we have numbers on that which i think are fascinating if we put those up. average times for ekg, in the hospital, five minutes. average in the hospital, 41. average treatment for 60 minutes, came from somewhere else other than the hospital, 129 in you're in the hospital. fatality rate which i couldn't say before fatality rate, 4% out of hospital.

40% in the hospital. astonishing numbers. >> they are. you have to remember hospital patients often are complicated. there are a lot of other issues going on that might confuse the picture and delay the treatment but it is something that needs to be addressed. >> what i was wondering, if i'm in the hospital for goodness knows, maybe i broke my leg, maybe i have cancer the last thing they're thinking about maybe she is having a heart attack. >> exactly. it is not in their mind set. everyone needs to be aware and looking for it. gerri: great to have you on the show. you must come back. >> i will. gerri: good stuff and surprising. coming up why consumers are saving for a rain any stay. why wall street thinks that's a bad thing. republicans vote minutes ago to repeal obamacare. h&r block is warning that obama care will boost your chances of an audit on top of everything else, you will be audited. we'll have the latest details. late us know what you think. gerriwillis.com. we'll be right back.

there's nothing more romantic than a spontaneous moment. so why pause to take a pill? and why stop what you're doing to find a bathroom? with cialis for daily use, you don't have to plan around either. it's the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision or any symptoms of an allergic reaction stop taking cialis and get medical help right away. why pause the moment? ask your doctor about cialis for daily use. for a free 30-tablet trial go to cialis.com

many people clean their dentures with toothpaste or plain water. and even though their dentures look clean, in reality they're not. if a denture were to be put under a microscope we can see all the bacteria that still exists on the denture and that bacteria multiplies very rapidly. that's why dentists recommend cleaning with polident everyday. polident's unique micro clean formula works in just 3 minutes, killing 99.99% of odor causing bacteria. for a cleaner, fresher brighter denture everyday.

gerri: president obama touting his health care act, touting 10 americans written pim personally thanking him for the law. all of this as house republicans voted on repealing obamacare. with more on this we have manhattan institute scholar. great to have you back. your reaction to the house street. they have voted to repeal obamacare and i believe this is 56th time the house has done so. >> it is not the 56th time they voted for repeal. this is 56th obamacare related vote they have. they have only voted for formal repeal over seven types. gerri: i got that wrong. thank for correcting me.

now it goes to the senate, can they get this to the president's desk? mcconnell is planning procedural trick getting you through the senate to the president's desk. what will happen in your view. >> we'll see what happens with procedural tricks. you need in the senate 60 votes. republican control only 54. democrats can filibuster repeal vote with 54 unless they do procedural tricks. gerri: which they're promising to do. >> it is not clear they will be able to do that. gerri: not clear as it might sound. we're not sure. this is the first time republicans controlled both houses right? they have two arms of government, tripod of government white house house and senate. they're voting to repeal obamacare. supreme court will hear a case to try to get rid of the law. is this year we start seeing

obamacare taken apart? >> i don't think we'll see obama care fall apart or collapse or anything like that but the supreme court rules as i think they should, that the law does not authorize federal subsidies to be flow through the federally elected exchange, that doesn't actually change one word of obamacare. what the supreme court will be saying is that obamacare as written, doesn't allow for those subsidies to flow. what they're basically saying the obama administration has been acting in violation of obamacare. gerri: they screwed up the way they wrote it. >> not one comma, not one period or word of obamacare will change if the supreme court decides the challenge to the case. gerri: except money can't flow where they want it. >> that's true. there will be disruption for subsidies of people in those states. 36 out of the 50 states are using that federally erected exchange. that will be challenge for people in those states. both republicans and democrats are debating what to do if the supreme court decides with challengers. gerri: the president was talking about practicalities of the law.

had some people at hand talking about their experiences with the law but i have to tell you, we're seeing something very different than what the president is saying. just last week we had a woman on who said, hey look, i'm not buying health insurance. i'm paying penalty. and i did the math and it is cheaper for me to pay the penalty that it is to get coverage. she has a pham i laugh five. three kids. she is even faced a massive bill her son had to have surgery at the price tag of $22,000. which they negotiated down to $4,000. do you think more and more americans are taking this tack? >> it's a slobs lit i correct what your guest said. so the cost of health insurance under obamacare is so steep, because the law drives up premiums so much that for a lot of people that fine they have to pay for the individual mandate is a lot cheaper. that is why enrollment in obamacare sponsored insurance plans is lot lower than the congressional budget office predicted. the congressional budget office

predicted we would 15 16 million in the people. gerri: wrong. >> more like seven or nine. gerri: the irs will say more people will be audit as a result of obamacare. thank you very much. not only am i facing a fine but i'm also going to get audited too? are you kidding? >> there are people who also have problems because maybe their income was one level at one month and another level at another month. subsidies under obamacare change. there will be these clawbacks. 2015 tax year for people who signed up for obamacare will be a mess because a lot of people will have to pay back taxes for money they owe for taking subsidies. gerri: to be true here to be clear, the administration said we'll he will forgive whatever goes on in the first year. we're going to give you time to pay. that we're not going to let it go entirely but i think ultimately people will be shocked the way it works as a practical matter because most people in this category, they never pay taxes. they only get money back from the federal government. >> think of what that means.

that means hundreds of billions of dollars potentially over long period of time in inappropriately distributed subsidies. so the obama administration is saying we're willing to throw that taxpayer money away because we're so afraid of politics asking people to pay what they owe. gerri: thank you very much. comes out of mine and your pockets and all other taxpayerses in the country. thank you. >> thank you. gerri: auto sales are in high gear but are the numbers juiced? college student debt is ballooning but princeton review is here to help next. their list of the best schools for your buck. we'll be right back. ♪ at ally bank no branches equals great rates. it's a fact. kind of like shopping hungry equals overshopping. startup-ny. it's working for new york state. already 55 companies are investing

over $98 million dollars and creating over 2100 jobs. from long island to all across upstate new york, more businesses are coming to new york. they are paying no property taxes no corporate taxes no sales taxes. and with over 300 locations, and 3.7 million square feet available, there's a place that's right for your business. see if startup-ny can work for you. go to startup.ny.gov.

at ally bank no branches equals great rates. it's a fact. kind of like mute buttons equal danger. ...that sound good? not being on this phone call sounds good. it's not muted. was that you jason? it was geoffrey! it was jason. it could've been brenda. gerri: welcome back to the willis report. in a moment, rob of the princeton review with a list of colleges that pay you back. think about that. but now it's time for a look at stories in the news. running too much could

be dangerous to your health. a study concluded that frequent long-distance joggers die at the same as couch potatoes. the study recommends running no more than three days per week at a pace of 5 miles per hour. pork sales have topped the first time since 1952. growing demand is helping pork's popularity. chicken tops both as the most produced meat. a rally on wall street. big rally. stocks getting a boost from higher oil prices. a group of golf caddies are suing the pga tour. they're demanding that the caddies are paid for wearing logos on their bibs. but while the caddies get nothing the pga is making 50 million a year from the sponsors. those are some of the stories in the news tonight. consumers are our number one business on the willis report. making sure your money is working for you especially for big investments like college, we're on your

side. despite the soaring cost and grim job prospects, the princeton review identifies 200 colleges that give you return on your investment. publisher rob is here with a sneak preview of their new book, dleadges paycollegesthat pay you back. what it takes to get in. welcome. i want to congratulate you on doing this. this is the one thing mom and dad don't think about. they think about the pretty ivy. imagine them on the campus. tell me how you put this list together. what were the factors you considered? >> we looked at lots of different factors. we looked at overall cost. financially, career services, then we partnered with payscale.com. not only upon graduation but ten 15, and 20 years into their

career. did you have great value for that education? return on education. yeah. gerri: here's what i find amazing on this. you're not talking about, do kids get a job in that year after graduation, you're looking down the road. because if you're putting out all that money, you have to get some kind of return on the investment. right? so let's go to that list of colleges that do the best job. let's start at the bottom. >> princeton. our usual suspect. and we've all heard about the school before. let's think about the money they're giving out. these schools may have some heart stoppingly sticker sprice. they're giving out a great deal of average grant, money you don't have to pay back. >> stanford is there. >> stanford is number four. >> another likely suspect. >> exactly. everyone knows about stanford. these schools are competitive to get into. when you're in, financially it shouldn't be a burden. telescoping out upon your career.

what's your annual salary? what's that -- >> and harvey mud is always on this list. engineering school. they make a ton of dough. >> they really do. high salaries. scripps. harvey mud. pa money and pitser. and it's a wonderful wonderful school. engineering (?) computer science and mathematics. >> then your kids can send you money. >> yeah. gerri: mit, that first year is very, very tough. >> it is. but if you can stay in and think about the internships, the experience you can get while at mit, such great return on your education. >> i was shocked at the cooper union for the advancement of art being number one. >> great one. charges no tuition. now they're half tuition. gives out more money to students with need. architecture and

engineering programs, these students do so well academically. gerri: so tell me, these are big fancy pants school. maybe my child doesn't have the grades to get in. what are other places to go? >> clemson university. clemson, so south carolina. 57% of the population is admitted. it's great for career services and alumni relations. 100,000 active alum giving back to the students and throughout your career as well. >> i think that's a big list. >> oh, yeah. george washington university. number one from best internships on campus. gerri: you have to get the review book to find this out. let me ask you one more thing, princeton -- >> university kansas city. we talked about this in the past. i did a ranking class

for the best graduate and undergraduate schools for business. falsification of data. several different data points. pricewaterhouse cooper had just came out to my attention on friday as well as to the rest of the world. gerri: didn't take long. >> we removed them on sunday and past lists. 2011 '12, and '13. we took them out. gerri: good to see you. thank you. it's fox business' new hit. "strange inheritance." tonight, we learn about a man who left a winery to his 18-year-old son. with his aunt's help the winery becomes a huge success. the boy is only 18 and going to college. here's a sneak peek at tonight's episode. >> what did the other growers tell you about the importance of jimmy's work continuing. >> he was blazing new trails and they didn't want to see the brand go

away. they all stepped up and offered to make wine for free. >> one of the few things you can do for someone who has died is help their family take care of their own unfinished business. jimmy told me he didn't feel like he had much of a legacy besides his winery. >> "strange inheritance" airs at 9:00 p.m. eastern. great show to watch with the family. don't want to miss it. and later a preview to the grammys this weekend from the front runners to the celebrities. a lot of that. of course, there's the music. and, next, consumers are playing it safe despite cheaper gas. more folks are saving than spending. and here's your consumer gauge with the numbers that mean the most to you. we'll be right back.

a big shock in the oil markets today. the price of crude oil surged 7%. it's up over 19% in the last three days. and that is the biggest three-day gain in six years. think about that. big move. the jump in oil is pushing gas prices higher at 2.07 a gallon. the gas savings have helped people stock away extra cash. bank rates chief analyst greg. greg, good to see you. lots going on here. let's start with the oil prices. we've seen gas prices percolate higher at 2.07. off the bottoms of 2.02. 2.03 a gallon. that's fueled a lot of spdingy conmers do y tnkhis ur arnd i the o rketwill he t posiffec i tnk iill tke rehahat 'v seennhe lstoupl day t coumer is hsiantoegin

with becse ion't ow necsariy th weuyi. thhar gasine pre wod be peanen all tes isne cris i themide st t me t g icesop. nsums ha see i ppenimend tim ain. yod ha to e much longron oil pres befehe it. >> people tell me, well gerri, i saw the prices drop again, i went out and filled the tank. they're thinking, this won't last. take advantage while i can. interesting behavior from consumers. they've had to deal with tepid wage growth. average hourly earnings really punked. is that reflected in the way they're handling their money? >> undoubtedly. without a doubt. we have a hesitant consumer. while more people are working and getting paychecks, the people that are working they're not seeing more money in the paycheck. and so that lack of wage growth has really led to a very hesitant

seen in gasoline prices over the last six, seven months that's the raise that people haven't gotten. it's real money. your typical two-car household, at these levels 1500 bucks versus a year ago. that's 1500 bucks that won't show up in the paycheck this year. that's the spending power. that's the only way people are getting spending power because they don't have wage growth. >> a wall street journal post about how people are saving the money. people say, well, gerri those consumers are responsible for so much of the economy. they just can't control their spending habits. they don't know what they're doing. we're saving money. we're putting it away. i see that as good news even if it's not great for the economy. >> i'm with you 100 percent. that's the paradox of thrift. we have an economy 75%

tied to consumer spending. if consumers save more it's not good for the economy short-term. long-term we're better off if the american consumer has less debt and more savings. that's the transition we've been going through the past years. you're seeing more evidence of it here. >> what will it take for people to feel -- they say they're confident in the surveys. when you look at the way they're handling their money, what they're spending and doing, they don't see that confident. what will it take to convince people that we're in a good conversation? >> income growth. the consumer has the show me the money attitude. when they see more money in the paycheck, it will hit home. they feel more secure in their jobs. they've paid down their debt. they've seen their net worth grow. they haven't seen more money in the paycheck. that's the missing ingredient. when that happens, people will be in the position to not only ramp up their spending

on a consistent basis, but they can move the needle on savings. that's the area where consumers have been lacking in terms of financial security. >> show me the money attitude. i love that. good to see you. >> thanks, gerri. gerri: the low gas prices are driving up auto sales. automakers saw a surge in sales in january. maybe those numbers are juiced. jeff flock is in shock with more. jeff. >> on the surface of it, gerri, this kind of runs just contrary to what you were just saying with greg mcbride. but if you look deeper, maybe not so. big month for auto sales. let's start with a couple of guys we know. like ford, for example, they were up 16% total for the month. big sellers were, no surprise, maybe the cars that use a lot of gasoline like the mustang. doubled the sales from this time last year. explorer was up. f-series truck was up. big month for them with the f-series out there. gm was up even more for the month.

18%. big seller, chevy suburban. not much bigger than that if you want to haw somethinghaulsomething around. those were up big time as well. big vehicles use a lot of gas. cheap gas. makes some sense. now why is this? some people are beginning to get concern about not only subprime borrowers getting into the market, but also the length of the terms. even sometimes auto loans now as long as eight years in length, we talked to folks at gd powers about that. john hump humphrey even used the b word as bubble. >> if there is any type of degradation to the economic conditions, you'll have a whole new issue to deal with. right now delinquencies and late payments are relatively low levels. if more and more people

adopt those long-term financing terms, we need to be careful about it. >> that goes back to what greg was saving, which is if you have some savings, you can take a little bit of a hit. if not and you're a subprime borrower, you get under water real quick. next thing you've lost your car. and then it's 2008 all over again only not houses, it's cars. gerri: the b word rears its ugly head again. >> hate that. gerri: my "2 cents more." taylor swift mania has swept across the country. all over tv and radio. will she tweet the grammys or will voters shake her off? ♪

gerri: well, now that the super bowl is over. maybe you're turning your attention to the grammys on sunday. from the top nominations to celebrity feuds. we have a preview of what to expect with david cap land. david, welcome back to the show. the big news, taylor swift is not performing. >> yes. contain yourself. gerri: why not? >> i know this is all throwing you -- yeah, taylor swift is not performing. she said she's quote, in the throes of preparing for her career. kicks off in asia in may. while she'll be having a dance fest in the audience, she won't be performing. >> she's presenting awards. right? >> yeah, she's presenting awards. nominated herself. a lot of time when they do cut aways at award shows, you see her with arianda grande. she'll have a presence there. >> do you think she'll win big?

>> i don't think necessarily. she's up against big heavy hitters. sam smith who has blown up over the past years. he plays some romantic-type music. not dancy or poppy. he's british. (?) he's sort of just the nice guy. has the demeanor. the press likes him. he's sort of more like -- he's relatable to a lot of people. he's perceived as having more real music whereas taylor swift is so poppy. >> john legend is another romantic guy. slow. >> he may do well. he's a fan favorite. you look at the oscars. not the big blockbusters. the grammys aren't about super big poppy produced songs, but the ballads the ones a little more produced. >> there's someone named sia? >> yes. also another big new artist in the past year.

(?) even though taylor swift is big huge commercial viability, huge fan favorite doesn't always translate to the grammys. >> let's talk about celebrity feuds. who is fighting? >> taylor swift and katy perry. this is documented. it's not rumor. they both confirmed it. gerri: this is real? this is real as anything else -- >> this is real. if you bring it down to a more corporate level they're competing for talent. essentially, katy perry was saying that taylor swift was trying to steal her back up artists while going on tour. that sounds devastating. you don't like that. in the world of touring, those backup dancers. >> money in the bank. >> they're affiliated with this one artist. they don't like them going over to the competition. they've been vocal about it. speaking about it on twitter. it sounds childish. if you knowing the backup dancers make

these tours. >> who should we be voting for? somebody new. >> sam smith. i think he will break -- definitely the break out star. fan favorite. gerri: looking forward to the celebrity feuds. that's right. we'll be right back.

>> and finally tonight good news for you fans of index funds. warren buffett made good with hedge fund operators that over the long-term he could beat their returns with a simple index fund. they could do anything, go long short. buffett thought the market would go up. buffett is looking good. logging a -- that's my

"2 cents more." tune in tomorrow at 3:00 when our liz claman will sit down with warren buffett. you'll want to see that. that's it for tonight's willis report. we'll see you right back here tomorrow. charles: i'm charles payne and you're watching "making money." another huge rally today. the dow closing up 305 points. stocks, believe it or not, got a lift from the continued spike in oil. i love this momentum. i've been telling you for a long time. you have to invest in america. speaking of which, after the bell big news from disney, macy's chipotle. a lot of others. let's go to nicole petallides on the floor of stock exchange. >> they are loving february. turn around for january. led by oil. things like chevron and exxon doing well helping to lead the dow jones industrial average. the dow up 300 points. what a day on wall street.