is 253 and change. there is twitter. moving higher as well. david: eight, almost 9% after hours. gopro is down after-hours. big change in fortunes. "the willis report" is next. >> hello, everybody i'm gerri willis and this is the "willis report," the show where consumers are our business. the bombshell in the white house's new budget. for the first time we see massive cost of the president's bailout of students drowning in debt. health insurance giant hit by hackers. this time the bad guys hit the mother load, social security numbers. >> we're talking tens of millions of people who would have had information. social security number birthday, addresses stolen. gerri: the race is on to contain the latest measles outbreak. the law calling some kids to be banned from school. >> recent trend not vaccinating students puts other students and staff at risk. gerri: don't miss out. verizon is cutting rates.

there is a big catch you need to know about. >> can you hear me now? gerri: the best and worse companies in america. who is top with consumers and who doesn't deserve your money. all that and more coming up on "the willis report," where consumers are our business. we begin with a staggering $22 billion bombshell hidden in barack obama's 2016 budget. that is short fall created by the president's student loan forgiveness program. called pay as you earn. i guess nobody is earning. obama forced program on taxpayers, using executive action of the 22 dow billion price tag is -- $22 billion is tip of iceberg of another huge taxpayer bailout. steve moore, chief economist from the heritage foundation and fox news contributor and john fund, national affairs columnist for "national review." great to have you here. steve, i will start with you.

this 22 billion is size roughly of nasa budget or add up budget of interior plus epa. is this any way to solve this $1.2 trillion student loan debt crisis? >> you know, i bet a lot of people wish they had pay as you earn on their mortgages. such an absurd program that you may when you can. big losers here are federal taxpayers. so here's the big picture. if you look at things now, gerri. you have got students who have roughly a trillion dollars of outstanding loans. so they have got these on their back when they graduate from college. then you got the federal government who basically backstops those loans when they don't repay them because they graduate with $100,000s of debt. some people are not repaying debts until they are 55 or 60 years old. the problem is, i talked about this so many times on the show, but i have to restate it, nobody is looking under the hood of universities to find out why they are so expensive. gerri: no kidding.

>> why are they charging 30, 40, $50,000 a year. gerri: john i want to turn to you. to go over details of this program which steve is making fun of, and i have frankly. pay as you earn if you make certain income criteria caps paints 10% of your income. this after you're graduating. you don't pay while you're studying. forgives balance of public workers after 10 years and private sector workers after 20. get this my friend. there is no limit, no limit on the amount of debt that can be forgiven. john, to you you studied this. was this the right solution for the huge debt problem? >> the budget of the united states is supposed to chart a course for how we handle our finances. under obama, the budget document has become a dependency document where increasingly administration hand picks certain constituencies, makes them dependent on the federal government. the first step was student loans, nationalize the student loan market. this is now the second step.

this takes no economic sense but makes a world of political sense if you try to make people dependent on you and vote for you to make the dependency permanent. gerri: steve, we're getting started with this. the results for the budget over next 10 years we're supposed to get something like $250 billion in money that has been forgiven, that doesn't get paid that taxpayers have to pay. this year alone it will be 5% of the deficit. this is outrageous outrageous. we shouldn't stand for it. look i just interviewed the, former indiana governor mitch daniels who is running perdue now. what he did was he capped, he stopped increases in tuition there. something has to happen. that seems a better solution to me. >> what worries me about this whole crisis this is the tip of the iceberg. is the student loan program look like fannie mae and freddie mac as it looked in 2008 where, this will never go bankrupt. you remember that, gerri?

it will never go bankrupt. then it lost $150 billion. taxpayers are on the line, on the hook for a trillion dollars worth of these liabilities. john is right. obama made it worse. but we all remember i remember last 30 years, i have friend that took out student loans. they never repaid them. the government will never track the people down. gerri: more and more folks are deciding, i don't have to pay this back. >> exactly. gerri: john, i want you to jump in here to provide clarity. i think people find this so frustrating. not like we want to turn our backs on these people but is this going to become the next bubble that bursts? >> the higher education bubble is slowly deflating on us as we speak. and the reason is, whatever they say a program is for the children, it often means it is actually for the adults who work in the system. and college is not run for the students. it is run for the people that work in the colleges and universities, including tenured faculty. who else has tenure in this

country? gerri: nobody. >> only people that work in education. bottom line universities added over head. far more administrators than teachers in both high schools and colleges. what you have got people working less and less. people doing more research work on the side. who gets shortchanged? a student who thinks they will be taught by professor but shunned to the side by graduate teaching assistant. it is a scam. it is more than a bubble of the it's a scam. >> must have daniels -- mitch daniels, what college freshman eat at dorm. anybody that graduated past 10 years would not recognize what they're serving. steve, go ahead. >> gerri, the average tenured professor who makes 100 to $150,000 a year teaches three to four hours a week. this is biggest scam in america what universities are charging. what i would say in response to what john is talking about the bubble bursting i think reason higher education bubble will burst because of online education. could you take these courses

now, gerri, for 100th of the cost of tuitions they're -- >> best professors in the world. >> people are moving into that you know. >> a lot of them are saying no, i don't want to do that. >> exactly. gerri: it is academic industrial complex we're fighting here gentlemen. >> don't forget gerri, don't forget, we got scott walker running for president. he doesn't even have a college degree. how great is that? gerri: you can do really well without going to harvard. that is what they tell me. that is what they tell me. >> you got it. gerri: thanks guys. good to see you. here is another part of the budget you which not like. obama is coming after retirement savings. instead of rewarding americans who save for retirement, the president wants to penalize those savings. we're breaking this down what it means for your money, jeff levine ira consultant. that is mugful for your i.d., my friend we'll simplify that. start with one of the biggest offenders. i want to get right into this.

this is terrific column you did. >> thank you. gerri: we were all reading it. you identified 14 different proposals in this budget. i was shocked by this. >> a lot of them this year. gerri: there is a lot tf them. start with the proposal to cap contributions apts to 401 confidents. how does that work? >> essentially once you hit about 3.4 million, that number would be indexed for inflation that would be it. gerri: 401(k). >> 401(k). gerri: iras can't save with any deductions? >> maximum amount you put in. no more contributions to the ira. no more contributions to the 401(k). gerri: isn't that a lot of money? >> lot of people. a lot of people accumulated that. i met with school teachers accumulated that much through retirement accounts, hard work, savings, investing right way. a lot of people are a little bit upset about that. gerri: look at 3.4 million. that would be 210,000 a year in retirement income. that is not considered super wealthy in this country. >> a lot of people would be

really happy with $210,000 plus social security. gerri: we're a business network. with have pretty high net worth people watching. >> a lot of people that wouldn't be sufficient. it is three bears scenario where the government told us you haven't saved enough? now you saved too much. here is the situation where it is just right. right in the middle zone. gerri: i don't think they should be making that decision. that is my personal view the talk a little bit rmds. required minimum distributions. they want to move this over to roth iras. tell me about that. what do you think? >> that is the most egregious proposal in the entire budget. a lot of people made roth conversions put money into the roth account based on promise there are no required minimum distributions. some provisions would grandfather people, in, people who acted on this for foreseeable future nua eliminating that special tax break. there is a provision it wouldn't impact people unless they were younger than 50 at the end of this year. there is no similar provision for roth iras. they say if you're over 70 1/2 by end of the year you get out

of that. but there is a lot of people who have a lot of money in roth iras younger than 70 1/2. they put that money in there based on promise. gerri: based on promise. they want to change rules in the middle of the game. seen this in a lot of different places. really frustrating when they were talking about changing college savings plans of the hello. with spent all the time contributing to these things thinking we were getting tax break. >> only fair thing to do in that regard, if they ever made a change would be to say anybody with money in the roth ira now we'll give you the rules that you had in place when you put money in there. that is only fair thing in my mind. gerri: limit roth conversions to pretax dollars the tell me about that. >> so right now, people who make too much money based on what the limits are -- gerri: too much defined by the president, not by anybody else. >> and congress to be fair. gerri: okay. >> but, people who make too much money they can't put money directly into roth ire a however there is no maximum income limit putting money into traditional

ire a if people also have 401(k), which is often the case, deduction for putting money into that type of account can be eliminated. what you end up with after-tax money in traditional ira a lot of people turn around and convert to a roth ira so that earnings grow tax-free instead of taxable later in retirement account. a very popular strategy for a long time. gerri: but under obama? >> they would eliminate that. only good news out of this, it is almost tacit endorsement on that policy for a while some people said, you know what? you can't do that. that is a step transaction. complicated tax provision. all we need if the administration is setting forth provision to eliminate it is tacit endorsement because you don't need a rule to prevent something you can't do already. gerri: you're way over my head. you have done a great job clarifying handful of 14 provision. >> there is a lot. gerri: there is a lot. i feel like the government is trying to get my hands on my retirement money. i'm very concerned about it. thanks for coming on the show.

you did a great job explaining it. thank you. we want to know what you think. here is our question tonight. will president obama raid your ira? that is with what we want to know. log on to gerriwillis.com. and vote. i will share the vote at the end of tonight's show. the government might be after your money but here at at fbn we want to boost your savings. fox business's charles payne is making money in orlando, florida. this is world money show that is very fame must. he will talk about investing lessons and taking questions from a live audience. you will want to see this, my friend. a lot to come this hour, including verizon offering price discounts but of course there's a catch. next a massive hack attack that is on the second biggest health insurer in the country,0 million customers including the company's own ceo at risk -- 80 million. what you need to do now to protect yourself. let me know what you think.

tweet me @gerriwillisfbn. go to gerriwillis.com. we want to hear from you. we'll be right back. if you're taking multiple medications does your mouth often feel dry? a dry mouth can be a side effect of many medications. but it can also lead to tooth decay and bad breath. that's why there's biotene available as an oral rinse toothpaste, spray or gel. biotene can provide soothing relief and it helps keep your mouth healthy too. remember, while your medication is doing you good, a dry mouth isn't. biotene, for people who suffer from a dry mouth.

gerri: breaking news for you now. radioshack, the retailer filing chapter 11 bankruptcy in delaware. end of an era for that company and end of era for their customers. again radioshack filed chapter 11 bankruptcy. it was expected by the way. moving on now the database of the second largest health insurer in the country, anthem, was hacked compromising personal information for 80 million customers and employees. this is not the first time for the insurance giant either so what is going on? here with more details on the breach ceo and president of and former white house chief information officer teresa peyton. welcome back. i want to get you first of all a headline that came out late in the day on this story.

"the wall street journal" reporting that it could have been chinese hackers in this case. do you buy that? >> well, we'll see as forensics continue of the you know for me, i think the biggest surprise here is not, is it china or is it your neighbor down the street but the fact that we had social security numbers and databases when we all know databases are hackable. gerri: we all know databases are hackable and nothing is private. this time not credit cards that were taken. this time around it was your social security number, the key to your identity, street address, email address, names birthdays, employment information, income data. i have to tell you folks who got hacked here, theresa, will they have to watch their personal information for at least a year? >> it is going to be longer than a year. when you look at cyber criminals, when they take a treasure trove like this they're in it for the long haul. they got everything they need to impersonate you online, whether it is your bank accounts social

media, or even your health insurance, even though they said data wasn't taken they have everything they snead to impersonate you. cyber criminals know that that identity theft protection you will get for free lasts for a year. they will sit on this 18 months. buy, sell and trade it and cash in big. gerri: i have to tell you, what we're talking about here, having your identity stolen. that is what the folks are walking away this time with. not just a quick smash-and-grab, take your credit card number use it for a month. this could be more longter and more debilitating. i also want to talk about the fact that you know everybody thinks they know this company and if they have that insurance anthem but reality is they operate under a lot of different brand. let's show those right now. amerigroup. anthem blue cross. blue cross and blue shield of georgia. care more, d-care empire blue cross and blue shield. health link and unicare.

anybody with that health insurance you should be on warning you could be having troubles. what should the folks do right away? >> it may not be their current customers. it could be past customers as well. we don't know what kind of data they got. a couple of things people need to do immediately. first thing, notify the credit reporting agencies. second thing, call your bank. lot of people don't realize, you can call your bank to ask for verbal pass code to be added to your account. if somebody tries to masquerade as you to open new accounts in your name they can't do that. second you've got to be vigilant and take personal accountability for identity. turn on notifications. get text messages every single time that your credit card or your bank account transactions happen. that will be a great way to sort of put an extra layer of protection around yourself. gerri: great advice. so why are these companies still using social security numbers as identifiers? this is just a disaster for consumers. >> it is. and one of the things that would

really like to see companies do is take a lead look at what the universities have done and the banks. they use that social security number to know that it is you but they create a unique identifier for their customers and they essentially throw away, using that social security number wherever possible. that way they know that when they get hacked because it is not if, it's when they steal that information they might get that identifier for that relationship but it is not tied to the rest of your consumer life. companies really need to start taking a hard look at themselves and their practices and how they store data about customers, not just social security number but your income, your email, address. don't put it all in the same place. have it in separate places. make the cyber criminals work for it. gerri: they're working hard today. theresa, thanks for coming on the show. good to see you. >> thanks for having me. gerri: later, new developments in the measels outbreak sweeping the country, now in 15 states. next verizon slashing prices.

good news, right? if you're an existing customer there is a catch. we'll you all about it after the break. ♪ 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.

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it's a fact. kind of like shopping hungry equals overshopping. ♪ ♪ i'm almost done. [ male announcer ] now you can pay your bill...

♪ ♪ ...manage your appointments... [ dog barks ] ...and check your connection status... ♪ ♪ ...anytime, anywhere. ♪ ♪ [ dog growls ] ♪ ♪ oh. so you're protesting? ♪ ♪ okay. [ male announcer ] introducing xfinity my account. available on any device. gerri: good news, friends. wireless price wars are heating up and discounts are getting so hot even the nation's biggest wireless company is cutting prices, that's right. starting today verizon is slashing prices on most of its more everything data plan but wait, there's a catch. here is explain, maribeth quirk with consumers reports blog called the consumerist. welcome to the show. start with exactly what they're cutting rates on? >> they're cutting rates on more

everything plan. everyone with one gig up to four gigs can save. they can choose $10 off the bill to stay at same rate or bump up one more gig and pay same money. gerri: so the deal is though this is for new customers right? >> it is for new customers and existing customers, actually. >> well only for existing customers if you know to call and ask for it or go on website. they're leaving out, they're the biggest player in the marketplace. they're leaving out lots and lots of people. what do you tell people tonight? >> dell go online or call verizon customer service. tell them what you want. you want $10 off the bill every month or more data for the same price you're paying right now. gerri: number to call want to get it out there we might as well, right, number is 1-800, that is 1-800 922-0204. that is the number you call verizon customer existing. you want to take advantage of the offer but you have to get in

touch or go on the website as mary better said. why is verizon cutting rates. >> they want to compete with other competitors. if they don't cut rates they will lose more customers. they want to bring in more customers. because they always compete. gerri: what do you think of 9 offer? is it a good one? will it appeal to a lot of people when they look at details? >> i think so. get more for your money or. but if you have to take action or you will lose out. gerri: i read the consumerist. you guys have great stories. you're following following this intently. what is the next shoe to drop? >> more people cutting prices and offering more bundled data plans. they will keep trying to compete with each other. gerri: one up each other. that is all good news as far as i'm concerned. thanks for come on on the show. >> good to see. >> one thing viewers are demanding more of fox business's new hit "strange inheritance."

tonight jamie colby talks to a family whose father left them 3,000 classic cars. they must decide what to do while honoring their dad's legacy. here is a sneak-peek. >> we work 12 hours a day, seven days a week. we would open the door that hadn't been opened in decade. it would be full of cars. it had been there for years. covered with cottonwood flower, like snow on the inside of a building. there were bumblebee fords and convertibles, pierce arrows. and cars that, were so unique. i believe his goal was to have one of every car ever made. gerri: that sun believely cool right? don't forget to watch "strange inheritance" tonight at 9:00 p.m. eastern. don't want to miss it. coming up, the best and worst companies in america ranked by you, the consumer. the measles outbreak isn't slowing down. an alarming new report on number of people opting out of the

vaccine, putting families on high alert. stay with us.

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♪ >> gerri: welcome back to the well was report. a report shows people are opting in and out of the measles vaccine and how you can protect your family. but it is time to look at other stories in the news. the airstrikes come to days after ice is brutally executed a jordanian quiet - - pilot that has triggered outrage through the middle east. union workers operate the most important refineries are striking on it the fifth day and there will not be an end anytime soon. reporting union leaders will reject the latest contract offer. the dow was up for the year with the weekly jobless claims rose less than expected keeping the markets

a lift and traders are watching the big monthly report tomorrow morning. meeting her position three months after hackers leaked embarrassing emails from her and other sony executives. she is launching a new production venture at the company. we have breaking news right now regarding the outbreak of measles that is already affecting people in 14 states. five children all under the age of one have been infected with the virus in all five children attended a day care in a suburb outside of chicago. joining us now with the latest, sold five very small children it is a case of the parents they are too young to be vaccinated. >> understand the reason we recommend between 12 and 15

months with children is they usually carry there mothers' antibodies when they're infants. that is why we don't vaccinate. but they're still at risk because they go way over time. so if they get measles it could be extremely serious with an infant propelled meningitis, i problems. gerri: doesn't this just raised the ante for those to be inoculated right away? the last figure what are these little tiny children. >> it is a tragic story with little children get the disease it is tragic when adults get but infants below the age of 12 months are a real problem. gerri: "usa today" says one ad of seven has said measles of vaccination rate below 90%. a lot of parents are still revisiting this saying vaccinations are dangerous a

and kids will get sick or optimism. >> they are not dangerous. it is a public-health problem. i have children everyone who has children once the best but they have to think of other children and other families in society. ice interesting and they're concerned that whole business to not vaccinate with the public health problem we have measles i think it is the most infectious disease known you can be in a room with somebody and i did not even breathe on you. so it is very serious and the personal belief exemptions if there are 13200500 right now may be 2500 are based on religion the rest are unfounded fears gerri: this whole thing with all the communities parents keeping the kids from getting inoculated is crazy.

why are measle so dangerous? >> because it is not dangerous to most people but three of 10 get very, very sick. what happens? they could get encephalopathy inflammation of the brain. you can get a pneumonitis and a when you get that has bacterial overgrowth that develops pneumonia. battle all of that then you have children and adults who are immunosuppressed that their systems are not working like yours or mine. leukemia, older people people with severe diabetes with real -- rebuild kidney failure they are all at extreme risk so you realize when you have one case that can affect all -- in fact,

all these people inadvertently. >> the california governor brown said he would strongly consider a bill restricting taxied waivers so now he is getting on it. do you support that? >> yes. he did implement a policy in 2012 which limited them to religious beliefs but now most of them are irrational and based on data that is faulty and flawed that we have proven to be flawed in science. such require a medical clearance has dropped by 20 percent so now they will restrict them completely. gerri: you don't have measles right? >> i do not. [laughter] >> is the end of an era silence is coming to one of the of trading floor of the most popular floors in the country.

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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 gerri: aig huge blow to the obama administration climb its agenda. the department of energy shutting down plants to build a clean coal power plant in illinois. congress earmarked 1.$1 billion to the project. joining me now from the heritage foundation, welcome back to the show. it sounds so familiar because we cover the agreed energy's solyndra story hear we go again. more money on the table. what did they decide is and

why? >> they decided this project would not be completed in time because of the technological feasibility and cost overruns for of virtually the only spent 200 million which is no small talk of changing and the reality is the cost is much more the department of energy has spent $6 billion trying to commercialize carbon capture and sequestration. gerri: explained that technology. >> effectively it would capture the of carbon dioxide from kolff our buyer plans this is what the administration is basic -- spacings regulations on to capture the carbon dioxide to store its underground is a technological challenge and very costly. gerri: here is my outsider question if it is such a great idea wouldn't the private sector have done this already?

>> absolutely and the fact it is so unpopular means this administration bore on coal is alive lot -- alive and well with energy affordability because this technology is not feasible by any means there is a plant in mississippi projected at $2 billion now it is upwards of 6 billion with the taxpayer's help. gerri: how do i get the money back? the problem with solyndra companies went out of business completely filing chapter 11 and the taxpayers never even got the money it went to other folks. is this another case where not only does the technology proved viable we lose taxpayer dollars? mcfadyen is the case for sure. it goes to show this administration or any

government agency said not play banker to hand out the dollars to make technology profitable. they are terrible we lose as we pay higher prices for electricity and transportation. >> goldminers granddaughter right here. putting people out of work. it is the end of an era of. the cme group in chicago announced it will close almost all offices in chicago and new york city opera gore brings to close 150 years of the well-known screaming and yelling on the floor parking over prices and with me now the price futures group and fox business contributor phil flynn. the end of an era. >> it is sad. talking to the traders it

was like a funeral but a lot of them knew it was coming in the writing was on the wall. look at the pits that used to be bribery would feel the excitement and pits will have 50600 people are just one or two. i don't think it was the shock but it was a sad day nonetheless. gerri: tradition goes down the toilet once again and the big number is only 1 percent of all futures contracts traded daily are traded in the pits. isn't just the business going electronic? >> no doubt. you can argue the fact that they said -- sped up the process but the truth is electronic trading has proven to be a lot faster and a lot more efficient but

we do have to remember no matter how good those computers are they still cannot replace the options traders. you still need the human mind to come up with these complicated strategies to make the markets where they don't exist. computers can do that gets. maybe some day but i remember 50 years ago the first electronic futures trading firm came out and said will last person please turn out the lights. the sad thing is today we are getting closer to that point. gerri: but there will still be one trading floor? absolutely everything? >> no. the futures are still there. they wanted me to remind you of that they have taken pride that they could

survive where nobody else could. and it will be interesting to see what the other traders will do will they move to the options pits maybe they'll go to the s&p to keep it going. gerri: interesting. looking back we will look back at you and we have that picture of you from 1987 and. begat you. were you trading than? >> we were. i was trying to find that picture. in "the new york times" 1983 they did a story of the changing of trading and commissions were falling with a discount commodities. and once again it is a business about change. but here is another change. gerri: i bet there is one

heck of a party to my. are you going? >> probably not but i will hear about it in the morning gerri: good to see you. still to come my $0.2 and the best companies in america. ranked by the consumers and which companies you should avoid. stay with us. ♪

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is just one of the features that come standard with a base liberty mutual policy. and for drivers with accident forgivness,rates won't go up due to your first accident. learn more by calling switch to liberty mutual and you can save up to $423. for a free quote today,call liberty mutual insurance at see car insurance in a whole new light. liberty mutual insurance. gerri: which companies in america are most admired by consumers and which ones fall out of favor? with best now personal finance expert helps us to break it down.

the supermarket chain? i don't have one in my neighborhood. >> it is an interesting leader. f family-run business people like the experience and of food apparently you can get wholefood type of food that trader joe prices and overall they like the overall experience of the store. that is number one. gerri: you mentioned public's but whole foods is at 21? >> there is some ranting and raving that is public perception it is a good overall shopping experience my only complaint with public's is the parking lot is too small. there is a lot of fender

benders. gerri: whole foods is whole paycheck. the prices are too high. j.c. penney has the most improved ratings that shocked me. i did not expect that. >> they have a turnaround can pay their having a good time now. they have risen from the dead and consumers are having a good experience and they are expanding to the commerce so overall the changes have been resonating quite well. gerri: if you can really turn your brand around it doesn't stick forever but one brand that is in trouble is apple getting beat by samsung? >> i think this is more surprising i can only think that steve jobs has been

dead since 2011 edition is the same but maybe the product quality or customer service has taken a hit. i am just saying anecdotally customer service has been on the decline levy. the genius bar and you can never get in there. gerri: i bet they'd make a turnaround next year with the six. the biggest decline where people are shaking their head. coca-cola and auto companies like gm. what about coca-cola? >> i think it is the bad reputation of soda especially lately they associate that with obesity so they are coming up with a new protein pact and maybe that will stage the reputation. >> we did that milk story.

>> try all meant milk -- all mental. it lasts longer. >> president on this budget includes a proposal to cap contributions to the 401k and biradial think he wants to raise your i.r.a.? >> these politicians say they are for the middle class but they do things that hurt us like this. it is another way for wealth redistribution modern day robin hood. >> no doubt it is a matter time they grab everything rehab especially those closest to retirement. gerri: it feels that way. be sure to like fox business on facebook. my husband and i had to pay

for a road community colleges and paid for my daughter and grandson. we support community colleges but let the kids were can pay for their own. obama needs to make solid -- make jobs that offer free college. >> what will taxpayers get in return? i say absolutely nothing. i put my kids through college. send me a e-mail. we'll be right back with my $0.2 will president obama re your 401k? stay with us.

3rd and 3. 58 seconds on the clock, what am i thinking about? foreign markets. asian debt that recognizes the shift in the global economy. you know, the kind that capitalizes on diversity across the credit spectrum and gets exposure to frontier and emerging markets. if you convert 4-quarter p/e of the s&p 500 its yield is doing a lot better... if you've had to become your own investment expert, maybe it's time for bny mellon a different kind of wealth manager ...and black swans are unpredictable. gerri: president obama's budget for 2016 includes a proposal to cap contributions to 401(k)s and iras. do you think the president wants to raid your ira? 89% of you said yes. i think you got it right there. be sure to log on to gerriwillis.com for your

online question. it comes no surprise to me at all that the president's college loan forgiveness program was a bust. it never made sense to me anyway. you had the government dolling out loans that students couldn't afford. 1200 bucks on offer each year. naturally debt soars. the president says the government will forgive these loans. his pay as you go program -- income eligibility guidelines and ultimately forgives the loan after ten years. this is no way to run an education system, and sends the wrong message to students, which is this: you can always game the system to get what you want. but we all know there is no free lunch. today we got the bill. 28 billion-dollar shortfall and rest assured, obama won't pay that and neither will congress. it will be you and me and every other taxpayer in the country. that's my "2 cents more." tomorrow is jobs day. we're going to have economist todd buckles

on. that's it for tonight's willis report. "making money" with charles payne is coming up next. have a great night. ♪ charles: i'm charles payne and you're watching "making money." okay the dow jones industrial average up 800 points since monday's low. great day for the bulls. guess what, a lot more than higher oil. the dow is on track for its best week in more than three years. twitter, they reported earnings. it's all over the place. let's go to nicole petallides on the floor of the new york stock exchange. nicole. >> charles, great for the bulls out there, and you know it. the dow was up 212 points. up 4% this week. what a move. oil above that 50-dollar mark. so key. lots of earnings. they're looking pretty good. on the dow jones industrial average all 30 names were in the