1/3 of 1% of global gdp. >> strategically it is important. >> something out there in the negative but in global picture -- david: doesn't he look like abe lincoln without his beard. yes he does. >> hello everyone, i'm gerri willis and this is "the willis report. the show where consumers are our business. americans are taking on more debt. some consumers are getting in over their heads again. two types of debt have economists especially worried. >> we're well over a trillion, closing in on trillion 1/2 dollars of student debt. that is one of biggest scams in america. gerri: early college admissions becoming very popular but it is not always a good thing. we'll examine the upside and the downside. the best time of year to get a great deal on all sorts of products. "consumer reports" is here with the ultimate guide to items on deep discount if february. also it is the most popular way to save for retirement, the ira. the there is a lot investors need to know.

tonight we'll answer some of the most common questions. countdown to the masters what is happening with golf's biggest stars tiger, mickelson furyk? >> my putt something beyond pathetic. gerri: a new generation is coming rushing in. coming up on "the willis report" where consumers are our business. ♪ gerri: tonight americans taking on more debt, nearly as much as the 2008 peak. the main culprits are student and auto loans but credit card issuers are hoping you sign up for more debt too. with new programs to lure in high balance borrowers. the spike in loan delinquencies raising the question is the debt bubble about to burst again? with us john ulzheimer from creditsesame.com. heritage foundation economist. and a personal finance expert vera gibbons. welcome all. john, i will start with you. what do you make about this report some levin $.8 trillion

in debts. are consumers getting in over their heads again? >> well it is good news wrapped in bad news. we all wanted consumers to loosen up the wallets to start spending money and acting as a catalyst for economy to get going. what we did not want to have happen unfortunately for lenders to become so lax with their underwriting standards, letting consumers in that are too risky for types of debts. the debts they're defaulting on auto loan and student loan. those are worst type of debts because, auto loan is secured. means they get your car after a couple of months. student loan, unless you die, you're going to end up having to pay it back because statutorily not disclarkable unless you have a incredible heartship to convince someone you got. gerri: as much as you want you can't get rid of it. >> that's it. gerri: cars and student loans. not mortgage, right? balances are not quite as high as the things that brought down the economy in 2008 but still can be a drag on the overall

economy. what do you say? >> student loans are the biggest risk with student loans is that most of them are taxpayer-backed. last year we saw $22 billion short fall in the federal student loan program, that added directly to the national debt. and you know, that the debt is already over 18 doll trillion. with 1.2 trillion in potential liabilities with the student loans that is a real risk for taxpayers. >> credit card issuers for some of us who might be in debt. they have new deals for rolling over debt. chase slate card will give you 0% for 15 months. no interest for 15 months. no balance transfer fee. no annual fee. sounds like a great deal. do you like these? >> that is a good deal. chase slate card in particular one of most popular card because no balance transfer fee. most of the time you get hit 3%, 4%, right out of the gate a balance transfer fee on top of

your balance. that is a tough one to take. you have to run numbers to see if you're worth your while. plenty of sites allow to you do. that other nice thing, nice long introductory periods. if you can pay off the balance within that time frame and take on any new purchases, some of these offers can be pretty good. for the average household if you're saving $1,000 which the study shows in finance fees and charges that sound pretty good to me. gerri: this is a card web study showing all new offers out there, so-called rollover deals, balance transfer deals. john, you say devil is in the details. >> you know everything that is above the fold is great when it comes to these cards but the fine print what really gets you. a lot of these cards have balance transfer fees as vera mentioned. not all but some do. you're betting into more debt transferring it. if you look at balance of paying no interest for some period of time paying a little bit of balance transfer fee. normally the tradeoff is in

favor. unless you don't pay off in full end of interest grace period. you become familiar with the term retroactive interest. back to day you opened card. which can slam you. if you get one of these cards your strategy has to be out of the debt completely by the time the interest rate readjusts. >> vera, on cards do they hammer you if you're late with a payment? paying zero. paying zero%. bam mow, it is much higher? >> that is very good point. late making paints can go up to ongoing rate, 18, 19, 20, 21%. it could be higher than the rate you just got rid of. so you have to be very disciplined consumer to actually maximize these deals. gerri: let me tell you what one of out viewers said rick tweeted us this. if you can't pay the original card off, what makes you think you will pay the new one off? there is a voice of reason of. you have a dill different view

on this? >> i think it can act as a tool as long as consumers use it properly. that means they're doing it to implement a plan to put their budget on a path to balance to start paying down those debts. but one real risk is that it could mean out of sight and out of mind. it could mean that consumers take on even more debt. then they're even worse off. tough be careful with those programs. >> oh, that is problem. you are getting zero percent offer you're tempted to put new purchases. sometimes zero% applies to new purchases. you're back in the same pickle. gerri: the devil is in the details. move you guys on to another story. at&t the big service provider, in the cell phone industry they're offering you data privacy, but want you to pay for it. john, what do you say? like it? hate it? >> really at&t has figured it out, they're the only company on the face of the earth that can figure out how to keep your data private? no one else can figure out how to keep your data private. but for 29 bucks a month will

keep data private. this will not anger me as much as other people. guess what, i don't believe there is a era of data privacy any longer. whether you surf on internet, which is you're paying not to have them track essentially where you're surfing on internet through the u-verse service they know where you go. they know where you surf. they serve ads relevant where you tend to be on internet. not necessarily a terrible thing for you. if i'm looking for new baby products because i have a new kid and start serving me discounts for pampers that is not necessarily something terrible. gerri: what do you say about at&t's offer? >> i think this is a really interesting experiment in praying for -- paying for privacy. the fact at&t is everring this has us talking about this perhaps more consumers realize how much of their data they give away for free. but internet economy is really fueled based on consumer data. there are some services to take advantage of, because people are so willing to give away their

data. interesting to see how many people will be willing to pay for privacy. gerri: vera, last word. >> we want privacy but i don't think any investor will pay $29 a month for it. >> you're right. exactly right. >> come with the package. come on, i don't want to pay for it. makes no sense to me. thanks for coming on the show. great jobs guys, you were really really good. we didn't get to the final story about students at carnegie, not being told they had a mission when they didn't. 800 students getting email notification, we made a mistake. we'll cover that later. we want to know what you think. here is our question tonight. have you taken a zero% credit card rollover offer? log on to gerriwillis.com and vote. i will share results at end of tonight's show. still a lot more to come whether early admission to college is the right way to to. next we answer the question, how do you do that? we have advice on "consumer reports" where to find the best deals this february. wait until you see coming up.

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cough, dry mouth and sinus infection. nothing can reverse copd. spiriva helps me breathe better. to learn about spiriva respimat slow-moving mist ask your doctor or visit spirivarespimat.com gerri: do you think discounts are done now that the holiday season is over? nope. think again. several products are deeply discounted in february. with more on this mandy walker from "consumer reports." welcome back to the show. >> good to be here. gerri: if you are looking for exercise equipment you say my friend, now is the time. elimit calls are on sale. ellipticals. how much is the discount? >> you can get 40 or 50% off if you hit it right. ellipticals, new year's resolution a lot having trouble getting to the gym in colder parts of the country. it is product turnover issue.

they're deeply discounted this month. gerri: tell you i have trouble getting out of bed. maybe getting a elliptical in the house would be thing. tell me how to buy the things. this is difficult as treadmills. this is complicated equipment. you have to be sure know where you're putting money. >> try them out in the store. make sure you're comfortable with it. right size for you. consider your budget. sadly we have to say, this is one time with elimit calls, probably pays to pay more. gerri: how much? >> we're consumer advocacy group, so we're concerned about safety f you look at models that are over$1000, they tend to be more stable. we found out that in other last tests they have more features. that is good news. they might have a lot of different programs to keep you from getting board. gerri: what about treadmills. they have to have a wide floor or foot path. >> absolutely right. make sure there is room around them. ellipticals so you get on or off. treadmills are as big as loveseats. they are very big. they can weigh 400 pounds.

consider folding treadmill if space is an issue. gerri: you really have to know a lot about how they work and how safe they are. >> put them together. >> that is the other thing. so do i do 30-day money back guaranty with these things? is that a food deal? >> be very careful about those deals. could be good thing. sound great. read deal very carefully. see if they will pick it up and return is free too. if you have to pack it up, they're heavy and big it will cost you a lot of money. gerri: want somebody else to assemble it too. >> yep. gerri: speaking of things that take up a lot of space, what about person ture? you say that is on sale. why? >> furniture is on sale, we're about to hit the furniture market in north carolina. takes place in april. stores beginning to want to clear out to get new inventory in. so you get a great deal on furniture. gerri: tell me, you've got to be careful here too. a lot of stuff made in china. all kinds of levels of finish and quality. how do i pick something good? >> the mass market retailers

ikea walmart, cost less. fewer choices. big person ture chains, if you're -- furniture change worried about fabric choice check it out. we have interactive guide on "consumer reports".org, shameless plug but it is good tells you how to pick out up holstered furniture. make sure you don't feel wood in the arms. that there is enough stuffing. if you take a nap you will not hit your head. gerri: i hate it when that happens. >> do nap on my couch occasionally. gerri: we could go on and on. manneddy, thanks for coming on the show. >> okay. my pleasure. gerri: many of you have been asking me on twitter what is the latest with united airlines? you remember the mistake that company made selling super low air fares across the atlantic. we spoke to the department of transportation today. it is still ininvestigating the case but it hasn't said yet if it will force united to honor the low low, low fares.

united of course is still refusing to. we'll keep on the story. stay tuned. we'll have more. later in the show what mistakes to avoid to keep your money safe in retirement. next, more students are taking advantage of early admissions options for college. but is it really the right time to move your son our daughter into college? stay with us.

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gerri: so more and more high school seniors are taking ad vanning of early college -- advantage of early college admission. it might not be right for everybody. in fact colleges and universities themselves may benefit more than students. here to explain the senior vice president of publishing at the princeton review. he is the author of the best 39

colleges. rob -- 379 colleges. welcome back. >> great to be here. >> big increase in the students applying for early admission. why? >> might be less selective for students to get in for early action and early decision. gerri: really. >> here is the thing. most students, they will accept top 10 to 15% student base, there are several schools vanderbilt, bates in maine accepting 24, at that% of early decisions. >> early decisions. there are fewer around fewer applicants. this advantages colleges and universities in many ways. get you in the door early. lock you down early. you're not shopping around at other schools. they're relying on you to come in the front door come september or august. >> it is very true. think about two policies of early decision. early decision is binding agreement between you and school. can only plan one. early action you can generally speaking plan at several schools you still have may 1st deposit deadline. gerri: let me tell you, they make it so complicated.

i don't know how parents negotiate this. what are the disadvantages to the student of this? >> the biggest disadvantage, we've been saying this at princeton a long time you have no leverage on the financial aside of the fence when it comes to early decisions. only going to one school, obliged to one school. gerri: what will they get for you? >> regular scholarship. no comparison to the other eight or nine schools typical student applies to. >> mentioned early action. >> uh-huh. gerri: what is biggest difference between early action and early admission. >> none binding agreement. more than one school early action than just one school early decision. you still have significant amount of time. you have until may 1st to decide where you want to go to school. >> what student should not do this. >> if you do not know the first choice school never apply early decision or early action. there is no real gaming of the system. only apply to a school if you really, really want to go there. gerri: isn't the trend the

people apply, applying to a million schools, right? >> yes. gerri: that's what most students are doing? >> applying to more schools than did. applying seven to nine. >> 10 years ago, four to six. there are more schools in our city. applying 10, 25, 30 schools. no way increases chance of admission to any of those schools. gerri: makes acceptance rates look so bad. harvard accepting 6% of am plants. part of it everybody with their mother and harvard apply to harvard. >> you're right. it is interesting mix. what we say to students an parents is, know the process as best as you can. apply early decisions should be school to first choice school. take tests early. know admission requirements for these schools. don't go in blindly. make sure you're as savvy as possible. >> i love it. so early admissions are offered more than 460 colleges. there is something like 4400 institutions of all sorts all across the country.

>> yeah. gerri: still a relatively small group of schools. >> it is relatively small group of schools. perceptionly this is big brand name of schools. we talk about them all the time. 450 is high caliber set of schools. gerri: good stuff my fingerprinted, thank you. >> thank you. gerri: coming up next the latest strategy from the white house in fighting terror. we're looking out for you and your money. we have advice on biggest ira mistakes people make. how to fix the problem. stay with us. ♪

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and receive your first two month's payments on us. only at your authorized mercedes-benz dealer. gerri: the white house in the middle of a special three-day summit on countering violent extremism. with the brutal rise of isis the mass beheadings of 21 christians in libya, many national

security experts are baffled by the refusal of the white house to say the biggest threat right now is islamic extremism. fox business' senior washington correspondent peter barnes is following the talks in d.c. peter. >> well, hey gerri. the summit is looking at the root causes of extremism of all kinds. not just islamic ralliedism. it cites the farc group. they're not ignoring the issue of islamic extremism. and they're not not talked about it. they are just arguing that defeating radicalism of any kind, islamic or otherwise requires more than a military solution. the president gave the keynote speech at this summit in the last hour or so, and he talked about us military -- the us military response to isis and al-qaeda. but he also discussed the sources of -- of extremism, such as poverty or political

repression, he said he would work with other nations around the world to fix those problems to help prevent radicalism. one initiative announced out of this summit this afternoon, however is designed to try to counter radical propaganda particularly of isis. and, as you know, it's been very effective at using social media for recruiting fighters and in fund-raising. here's what the president said. president obama: we have to be honest with ourselves. terrorists groups like al-qaeda and isil deliberately target their propaganda in the hopes of reaching and brainwashing young people. especially those who may be disillusioned or wrestling with their identity. that's the truth. the high-quality videos. the online magazines. the use of social media. terrorist twitter accounts. it's all designed to target today's young

people online in cyber space. >> so what they're going to do now is set up what they call a digital hub in the united arab emirates that will put out messages and video, et cetera, to try to counter this propaganda, gerri, through social media from our side, to try to reach those disaffected young people so that they don't convert to radicalism of any kind. gerri. gerri: peter, before you go, one of the administration officials saying controversially so that what these islamic terrorists really need are jobs. people discussing that all day. did the president say that as well? >> no, he did not. that's been controversial. that was one of his state department spokespeople that said that. but the president did say that, listen, we know that poverty does not make everyone a radical or political repression doesn't make everybody a radical. so the issue is bigger than just the economy or

political repression. gerri: peter, thank you for that. it's time for a look at other stories in the news. president obama has chosen secret service clancy to fill the position permanently. he took over the top job after julia pearson was replaced. federal reserve policy makers don't appear to be ready to raise interest rates any time soon. the minutes from the january meeting shows the central bank concerned about inflation and lingering problems in the labor market. massachusetts governor charlie baker is done with excuses saying he wants the contractor operating the boston's commuter rail system to improve asap. the oldest transit system has been crippled by the brutal winter weather. roofs across the state are collapsing or buckling under the weight of 70 feet of

snow. seventy cases have been reported. the white house says nearly 11 and a half million people have signed up for obamacare this year. however, enrollment retention is typically just 84% of sign-ups because people refuse to pay. there's a proportion of sign-ups were previously without coverage is less than half the administration is citing. those are some of the stories in the news tonight. tonight, a look at the costly mistakes many are making with their retirement savings. avoiding these missteps can save you tens of thousands of dollars in the long haul. here's christie. personal finance director. welcome to the show. tell us, what is in your view the biggest mistake people make with their iras? >> one of the big mistakes is that people wait until the very last-minute to make their contributions. your deadline is april 15th of the current tax year.

but you can make a contribution on january 1st. (?) so for people who wanted to contribute to 2014 they could have made that contribution on january 1st, 2014, people wait until the last-minute. that leaves their money with less time to compound. gerri: i want to show your calculation on exactly what that means. over 30 years, $15,000 less for your ira because you took a few extra months putting it in there. big dollars for people. let's talk about roth contributions. is it roth or is it a straight-up ira is? what's the calculation there? >> well, it depends what you think your tax bracket will be in retirement versus today. if you think your tax bracket is higher today than in retirement you're better off making a traditional deductible contribution taking that tax break this year. you will have to pay taxes upon withdrawals, but your tax rate will

be lower. if you think you will be in a higher tax bracket in retirement, then the roth contribution is the way to go. i think people have heard so much about roth contributions that they think that is always the best type. not the case if you're someone close to retirement, you haven't saved much, good chance you'll be in a lower tax bracket than you are while you're working. you're better off making that traditional deductible ira contribution. gerri: isn't that the way it was set up in the first place? you wouldn't be working in retirement, you tap those benefits and be paying a very low tax rate? >> that was the idea. so initially, there were no roth contributions. they were all traditional ira contributions. and they were in many cases deductible. >> let's talk about the back-door roth ira. how does that work, does it work well? >> income limits if you want to make a direct

roth ira contribution, you'll be shut out if you're a higher earner. there are no income limits of doing a conversion. you heard about this back-door roth ira idea. you make a nondeductible traditional contribution. no limits on that. again, no income limits apply. with a la, you have roth. it's a loophole. (?) the president in his budget proposal did discuss closing that loophole. for now, it's something higher income folks should take a look at. gerri: very good point. let's talk a little bit about minimum required distributions. people worry about this. it's highly technical. what advice do you have for people out there? >> well, these kick in once you're after -- once you're past age 70 and a half. the key thing to keep in mind if you're subject to rmds is that you have to take them. if you miss them, you will pay not just the taxes due on that distribution, but a 50%

additional penalty. it's important you put this on your calendar. take them by december 31st of the tax year. gerri: uncle sam is coming for you if you're doing it wrong. critical to get it right. christine, thank you for coming on. good to see you. >> thank you gerri good to see you too. gerri: how one lawyer is helping people get out of dui checkpoints. the hottest food trends. are we in a kale or bacon world? how big names in foods are turning to bacon to boost sales. here's your consumer gauge with the numbers that mean the most to you. ♪

♪ gerri: bacon lovers rejoice.

more and more food retailers like starbucks and little caesars pizza are jumping on the bacon bandwagon. is the health kick trend over? ceo of taste sev ant. sonia, thank you for coming on the show. (?) >> thank you for having me. gerri: one day you walk into the starbucks, and they have a bacon sandwich in there. let me tell you the smell is fantastic. we have it here. do you like this? what do you make of this whole bacon trend? >> i'll tell you what, bacon is here to stay. people love bacon. it's a 4 billion-dollar annual industry. gerri: 4.2 actually. >> they must have sold 200,000 over the last -- oh god. in any case people love bacon. it's here to stay. it's coming on strong. gerri: people will order a kale salad and go have a piece of cake.

they're mixing it up. are people behind starbucks savvy enough behind that? >> they're looking for healthy options and to indulge. they'll order a salad and they want something with bacon. why is wedge salad so popular since the '60s? it's salad and blue cheese and bacon. everything you love, gerri, little caesars has a pizza where they wrap bacon around the edges of it. is this going to works? >> that product is a limited time only option. they just launched. a little bit of news. people will get excited. the bacon lovers will love it. it will drive pr for them and added revenue. it won't be a mainstay product. gerri: you look at these offerings and think maybe that health craze is diminishing. do you believe that? >> it's actually the opposite. they do a survey of 1500 chefs across the u.s. surveying them and what dishes will be coming

out this year. what are the biggest trends for 2015? health local sustainable, natural vegetable-focused, gluten-free. growing. here to stay. people want to continue to be healthier not less healthy. gerri: except that bacon sandwich is awfully pretty. nestle out with new things. hershey following on its heels. >> customers want to be able to read an ingredient list and understand what's on those products. businesses are understanding that and moving in that direction. gerri: the way you phrased that is absolutely right. when you pick up some kind of product that's packaged and you start reading the ingredients list and it takes longer than three minutes, you know you're in trouble. any other trends you're seeing out there that we could keep an eye on. >> a lot of movement towards health natural simplicity. that will be the key.

we'll see indulgent products continue to live long and prosper like bacon. gerri: let me tell you, i'm going to continue to eat bacon as long as i can. thank you for coming on. appreciate it. on to a totally different topic. can a legal loophole get you through dui checkpoints? one lawyer is showing drivers are being arrested falsely with what he calls a fair dui flier, which i have here. it's certainly catching on. millions who watch this teurtle video on youtube. people are posting their own videos going through these checkpoints with this flier. joining me now the florida attorney who says these checkpoints are un-american. warren. warren, tell me why these checkpoints are un-american. what's wrong with them?

>> first of all, let's start with the constitution. it's not a loophole. we live in the united states of america. it's a free country. check points are the things we expect from nazi germany. that's not the way the united states should be. >> constitutional law now says they're legal. right? >> yes, the loophole is the supreme court in 1990 made a loophole in the amendment. i agree that their constitutional opinion is probably more authority than mine. but the point is, this flier complies with the constitution, with the checkpoint guidelines. that's the whole point. this is to work within what the supreme court allowed. gerri: i remain silent. no searches. i want my lawyer. if you've ever been through these checkpoints, which i have, and you can have 20 cars sitting waiting to go through them, basically they want to see if you're drunk. you say incent people get caught into this.

what do you mean? >> all of the above. i've seen innocent people arrested. i've heard -- on my own, i've seen in the people arrested. here in florida, you get arrested. a 0.0 at the station, they still hold you and charge you and put your mug shot on the internet. i've seen it millions of times. gerri: why would they do that if you're not guilty? >> that's the great question isn't it? an awful lot of people think it doesn't happen yet we have trials and lawyers. maybe we should assume the police are right and cut their heads off at the side of the road. maybe there's a reason we have this due process and stop treating people like they're guilty until they're proven innocent. gerri: you say you have a right not to participate in these searches, you maintain they're illegal searches. when you get a driver's license, aren't you by law agreeing to pretty much whatever they want to do to you searches? >> no, that's not correct. gerri: help me understand. >> if you're lawfully arrested and you're

given -- you're instructed to blow into a breath test device, pee in a cup whatever it is you're agreeing to do that test. you're not agreeing to searches without probable cause. that's not what you're doing, no. gerri: because they're stopping everybody on the road indiscriminately, that's illegal. >> not only indiscriminately. substantial evidence they're doing it in biased manners. whether targeting minorities or other people. and it's not -- it's -- that's one of the reasons why it's a problem. that's one of the reasons the court may eventually revisit this and change their minds. gerri: some of your critics say that if what you're proposing here becomes the practice of the day, it will be an easy way for drunk people to get away. >> yeah, i don't see that. because it's difficult for a drunk person to pull it off. i've heard people call my method foolproof. no, it's not foolproof and it's not

drunk-proof. it's not very difficult but you have to be patient, silent, and follow instructions. those are three things drunks aren't good at. those are three things that police check for when they're examining you. they're looking whether you're not patient whether you speak when you shouldn't whether you follow instructions. a drunk won't pull these things off. >> as i understand it, this little sign i've got here that you've developed is tailored to the laws of 12 states. are you still required to show a driver's license? >> yes absolutely. you know, i don't agree that you should be required to. but absolutely, under the supreme court's decision and the case law out there, if the police asks to see your license, show it to them. any other document, your registration, your title, your concealed carry license, whatever they ask for show it through them. but through the window without rolling it down. but if they give you an order to roll the window down obey the order

because it's safer. gerri: you think you can get away with it in what states? >> i don't call it getting away with it. florida, georgia, south carolina illinois. i haven't memorized the ones we've done. we have them for several states. we'll add more. and california and texas. gerri: that sounds like the big states. i think it's fascinating. interesting stuff. i've been through this myself. it's not pleasant. thank you. and still to come my "2 cents more." this april, the best golfers in the world take the stage at the masters in augusta georgia. what does the golf world look like without its biggest stars? we'll find out after the break. ♪

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♪ gerri: well, the world of golf is gearing up for the 2015 master's that is now just seven weeks away. with tiger woods indefinitely out of the picture, younger stars are taking the spotlight. are these young stars reviving the game of golf? we're asking steve ceo of the golf foundation. i'm a big fan of the game. and i don't go along with those people who say golf is over because tiger is out. who are the fresh faces that will bring in a lot of new people into the sport? >> we're fortunate that we have a whole bunch of new players. you look at jordan st. petes. speets. you're starting to say the changing of the guard taking place now.

gerri: there's so many players playing at a high level right now. (?) who in your view is the american who is likely to take center stage at the master's? >> well, i would point to two people. i mentioned one of them. jordan speets. he had a chance at the end of last year. i wouldn't be surprised to see him back in contention. then branse played several years ago. i wouldn't be surprised to see brandt back in contention again. >> i understand he used a 20-dollar driver in that competition. wow. (?) that's shocking. what does that tell you? >> well, it tells you that it's the -- the purveyor of the implement and not the implement itself. that's the perfect example. gerri: the guy playing the game.

what about ricky faller. i've been to these events and little boys dress up like ricky. they wear the orange. got the big trucker caps on. how will he do? >> i think ricky will do well. he was follow up ten last year. (?) in fact, top five in all four of the majors last year. had a chance in two or three. working with butch harmon who is doing great things for his game. it wouldn't surprise me to see him there in the hunt sunday. gerri: let's talk about the current world golf rankings. mcelroy is number one. bubba watson. jason day. adam scott. the list goes on and on. (?) the one thing go tiger that was fun is that he was -- he was the person that everybody's focus is on. now there's so many players in contention. you don't know where to

look. what do you say to people who believe that you know golf's best days are behind it, tiger is out earnings and numbers and eyeballs will be down? >> i disagree with that statement. if you look at golf as an entertainment sport, it's never been stronger. the pga tour the ratings are at all-time highs in terms of people on an annual basis watching the sport. the other governing bodies the pga of america, have just signed record rights deals. i think these young players and the fact that you don't know from week to week which actually good fort game. don't get me wrong it's good for golf to have rivalries. but they'll evolve. we're in a transitional phase right now. i wouldn't rule out tiger or phil either. they have stuff left in the tank.

it wouldn't surprise me to see them come back as well. (?) >> these young guys are coming on strong. how old is jordan speets? my goodness. >> twenty-one years old. he should be a senior in college, which is amazing. very mature, by the way. gerri: crazy good. we're looking forward to the master's. can't wait to see it. thank you for coming on the show. >> my pleasure gerri. >> we'll be back with my "2 cents more." have you taken 0% credit card rollover offers? stay with us.

gerri: at the top of the show, we discussed a popular move of rolling over your credit card debt on to a 0% credit card. have you done this? only 12% of you said yes. 88% said no. well everybody has

cabin fever is waving the flag. visit their home page. that's it, we surrender winter. you win. key west everybody? the website suggests visiting the florida keys now and visit up state new york when things fall out which may be a while since temperatures are dropping below zero there again tonight. and finally it all feels so familiar. consumer debt as we talked about at the beginning of the show. creeping up. the credit offers seem too good to resist. that's what happened before the floor fell in on the housing market in 2008. maybe it's happening again in student and auto loans. delinquencies are soaring. banks are making it easier to transfer debt to new credit cards with a temporary 0% interest rate. is it too good to be true? yes. make one small mistake. late payment or miscalculating what you have to pay off you're in trouble.

let's not repeat the mistakes of 2008. that's my "2 cents more." that's it for tonight's willis report. "making money" with charles payne is coming up next. have a great night. we'll see you right back here tomorrow. charles: i'm charles payne and you're watching "making money." it was a mixed session today. nasdaq up for the sixth straight day. and the russell at a new record high. the dow held above 18,000. cheap gas money, we found out where it's going. pouring into the restaurants. those stocks on fire. seven-dollar stock that i think can go to $15 later in the show. let's go to adam shapiro on the floor of the new york stock exchange. adam. >> the dow did close above 18,000. and it was down today. but not really a significant loss. down 17 points. really no direction and no volume for that matter after the federal reserve minutes were released. we got news that drove all kinds of things. utilities, that sector on the s&p 500, up over 2%. yes, t