are we into currency wars here? >> no. we're in bank participation. that is the new normal. not a currency war. david: good to know. larry shover. wonderful to see you my friend. >> thank you. liz: thanks for joining us. "the willis report" is next. gerri: hello, everybody, i'm gerri willis and this is "the willis report. the show where consumers are our business. subprime, the dirty word of the financial crisis is back. loans to consumers with low credit scores are up, sharply. will it bring down the economy again? first measles. now a drug resistant superbug. two are dead. nearly 200 may be exposed. how did it happen? >> superbug commonly referred to as cre, can kill 40 to 50% of patients. gerri: big changes at walmart. it is giving half a million workers a pay raise. but that is just the beginning. >> today, we're announcing a series of important changes that demonstrate our commitment to you, our associates.

>> also the controversial way drivers are dodging the dui checkpoints. the fallout tonight after the man at the center of the storm appeared on our show. >> maybe we should stop treating people like they're guilty until proven innocence? gerri: prices for used cars hit all-time high. we'll break down a new report and show you how to get the best deal, new or used. all that and more coming up on "the willis report," where consumers are our business. ♪ gerri: well my friends, is it 2008 all over again? loans to consumers with low credit scores are hitting highest level since the financial crisis. that is the same type of loans that pushed us into the crisis in the first place. here to weigh in steve moore, heritage foundation chief economist, jamie cox managing partner at harris financial group, and rich lowery, editor-in-chief of "national review." all great to have you

here. steve, start with you, my friend. subprime loans back with avenge against. what does it mean? consumers on one hand more optimistic, spending more money or banks are desperate for people to lend to and we may be headed into another recession? >> real issue what does it mean for taxpayers? don't forget, some of these mortgages are basically guaranteed 100% by the taxpayers. now you have a situation where we have more and more of these loans that are subprime. and, remember, a couple weeks ago, gerri, we talked about the fact more and more of these loans, are very lowdown payment loans. so, are we going to have another financial crisis with housing? who knows. but if we do the tax payers are going to lose 10 of billions of dollars. you asked a question have we learned anything from the last financial crisis. the answer is no. gerri: not really. jamie, to you, you're out talking to clients all the time. steve says mostly auto loans, student debt.

a lot gets securitized sold in the marketplace. creates the same dynamic situation, domino effect that could happen in this country. do you think people are fundamentally more optimistic out there? >> i think so. among our clients people feel a lot more comfortable. there is not as much job loss in the economy. look at prices at pump the things people see every day are definitely looking a lot better. people no longer looking next door watching neighbors lose their homes. those are the type of things what average people look at every day. don't necessarily look at stock market. look at things around them. people do feel better. gerri: it is interesting. rich, to you, tell me if you heard this story before. stock market is doing wonderfully well. the economy is okay, percolating along, could be better and we have people getting into deeper deeper debt all the time. what does that sound like to you? >> we have been here before and politically, gerri, the lenders get it coming and going. they're pushed by democratic politicians and basically

political class to make these risky loans as a way of not excluding poor more vulnerable people. if the loans go bad, all of sudden it is their fault for engaged in this sort of lending in the first place. that's what we saw in 2008. hopefully we'll not see that again. >> rich, that is called a catch 22, right? >> you know your literature well steve. >> let me bring up different topic here. we were talking jamie was mentioning how a lost consumers are upbeat. let me tell you who is not upbeat and that is the white house. if you saw economic forecasts for upcoming years, growth will be only 2.3%, 2019 to 2025. falling to 2.7% in 2017. steve, this just ain't good enough. >> it is pathetic gerri. looking at the growth rate for u.s. economy over the last 50 years or so. we average as nation, the way we've become so prosperous about

3 1/2% rate of economic growth. what happened over the last 10 years we've fallen into about 1.9% and the president is now saying we'll average what was the number 2.3. that is way below where we need to be to bring budget deficit down, create kinds of jobs we need. we need to strive for is 3 1/2 to 4% growth. gerri: i want five, give me six. i. >> i am with you. i am with you. gerri: go to town, employ some people get the economy expanding. but boehner's spokesman saying, instead of pushing same old policies that left middle class families behind the president should work with republicans to have growth opportunities for all. who will pay the price, rough lowery for this punk economy. >> it has been the democrats so far. there is no comparison to the 8:00ty's. ronald reagan economy, putting crooked numbers on the board, 4 to 5%. one of keefe elements of -- key

elements of 2016 debate how can we get escape velocity from mediocrity since 2007. gerri: i think consumers are upbeat with borrowing, they're so board with being downbeat. jamie, i want to ask you a totally different kind of question. this is story we're following for some time. administration pushing stockbrokers to act as fiduciaries for clients, give them more protections, watch them more closely is that a good idea? >> whole fiduciary argument is been around for a while. absolutely right thing to do. everybody in their business i'm in should put clients interests first. shouldn't be a debate. what should be debate is the turf war among the different regulatory bodies who will actually -- gerri: too many of them. >> who will make the rules. dlo involved sec and got finra. what i think will end up happening we'll get a fiduciary standard across all of the financial industry between

brokers but it will be difficult. gerri: steve this is interesting issue. we follow this stuff all the time. all we want is even playing field for people out there, want to put money in the market and invest for their kids? >> look, i completely agree, obviously an investment advisor has a fiduciary duty to uphold the interests of people whose money he is investing. that is so obvious. what worries me, this will will be a fountain of lawsuits. people will benefit from this are tort lawyers who basically anytime you lose money in an investment, they will say you violated fiduciary duty of the client. many cases it was just a bad investment. sometimes investments go up and sometimes they go down. of course, yes investment advisors have fiduciary duty to represent the client no question about that. gerri: rich lowery to you before we go, i want to get one more topic in here. this is obama care. democrats saying please, please, please extend the deadlines so that the people in my district won't face tax penalties if they

haven't signed up in time for obamacare. what do you make of this? where is issue going? >> consistent with the pattern we've seen all along, administration and laws own supporters wanted to wiggle out of the requirements of the law itself. big thing obviously, gerri, the supreme court case on subsidies coming forward could blow an enormous hole in the whole of this law. >> wouldn't that be a shame? >> steve, will be hardest hit. gerri: steve doesn't have an opinion. no opinion there. steve, jamie, rich great stuff. thanks for being on. >> take care. gerri: more and more to come this hour including a big announcement from walmart. it is a giving a 40% raise to some of its employees. next a superbug outbreak has infected at least seven people in california. nearly 200 more have been exposed. two have decided. we'll have latest on the new health threat. what do you think, tweet me @gerriwillisfbn. or send me an email through the website, gerriwillis.com. we'll be right back.

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gerri: there is widespread concern tonight about a deadly new superbug outbreak. two deaths and 200 possible infections are linked to the outbreak at ronald reagan ucla medical center in l.a. with us dr. bob ojeda dr. bob people call it the nightmare bacteria. what is this superbug? >> this superbug is like all superbug. they heard of mrsa. >> we never say it. >> we say mrsa. this is interrow factor. this bacterium by and large lives in the bowel and bladder. it is very, very resistant. it is a carbopenu resistance. gerri: stop it with the words. is this something everywhere or something very rare. >> it is not very rare. it is probably everywhere but it doesn't cause problems until it

contaminates an instrument. such as the endoscope that was used in california to look into people's bowels. gerri: the folks at ucla says we clean that thing. there should have been no problems. how do you explain that? >> i can't explain it. it is very difficult to clean these things unless you do it right with antiseptics and use heat or chemical sterilization. thinking of something that goes down your throat esophagus into duodenum. gerri: right down the middle of your body. >> that's correct. it has to be cleaned very, very carefully. gerri: they use what? >> use all kinds of bacteria agents agents that kill bacteria plus viruses. remember hepatitis is also possible with these things. there have been outbreaks of around the country of hepatitis when people don't sterilize their instruments. >> tom freeden of cdc says. cre, nightmare bacteria strongest antibiotics don't work and patients are left with

potentially untreatable conditions. you know here's what i worry about. in this country, in this building, everybody and their mower is using all kinds of things to fight back tear bacteria, to keep them off their bodies. i wonder is that help or hurt ultimately when it comes to the superbugs. >> it's a hurt. you know how people come to the doctor with a cold. i have a lot of my patients say i need antibiotic, but you don't have a bacterial infection. you have viral infection. we don't use antibiotics for viruses. people overuse antibiotics. doctors tend to prescribe them just to pally eight the patient. this has resulted over the past 30 or so years, in resistant strains of bacteria. gerri: it is making things worse. soap and water, my friend. that is the best thing. i want to talk to you about a new class of cholesterol drugs. >> yes. gerri: cvs, pharmacy benefits manager, super expensive everybody will want it. fifth teen million will be treated with this.

i thought statins and other drugs are cheap? >> statins and other drugs are cheap. this is super drug. gerri: superbugs, super drug. >> this is a super drug. monoclonal antibodies specifically designed to interact with a chemical in your blood. this particular chemical when it combines with the bad cholesterol receptor on your liver, takes receptor and digests in the liver cell. gerri: will it work a lot better than the existing drugs on the marketplace. >> it will be super-duper. when the particular monoclonal or in some cases specific kind of molecule attaches to this protein it allows the receptors to remove the bad cholesterol. gerri: dr. bob, you're way over my head here, my friend. that is why you're the doctor. end of the day it will be something high in demand. there will be a fight over prices. thanks for coming in. i'm sorry we're out of time. always good to see you. >> thank you. gerri: up next, a tale of two nations as we look at one

bedroom apartment on the market for $300,000, to rent. a look at the nation's biggest retailer announcing it is giving hundreds of thousands of minimum wage workers a big fat raise. stay with us. ♪ every truck can tow a boat. every truck can climb a hill. every truck can haul a trailer. but not everyone can say they're the fastest-growing truck brand... in america. guts. glory. ram. ameriprise asked people a simple question: in retirement, will you have enough money to live life on your terms?

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gerri: retail giant walmart is giving 500,000 of its employees a pay raise. starting in april the company will raise its hourly wage to nine bucks an hour. by february next year, all current workers will earn at least $10 an hour. what is behind the move. what does it mean? joining me cg-42 managing partner. steve beck.

good to have you here. >> good to see you. gerri: you say they're watching out for their bottom line how is that so? >> at end of happy customers leads to good business. to get to happy customers, you have happy employees. they have not had happy employees. frustration at root of some of their problems, whether it be, ininventory issues, whether it be stores that aren't clean and well-taken care of. whether it be, customer service issues both at long checkout lines or dealing with things all of them part of the root cause, is, when you have unhappy people. gerri: what is the status of their everyday low pricing? >> you know everyday low pricing is still the core of their strategy. but at end of day that strategy is not differentiating as it once was. so service becomes really important. gerri: we saw a survey that showed that walmart is the most hated consumer company, i think on the planet. americans consumer satisfaction survey, found this out. you mentioned a few things you

thought was going wrong with the company. when facing customers what's the issue? >> well, again, i think it comes down to, if you have unhappy front line employees. gerri: you said that. >> unhappy customers. gerri: how does it impact me as somebody walking through the front door? >> all about who you're dealing with. the experiences is defined by people you interact with. gerri: person at cash register. greeter at door. >> person cleaning floors and making sure environment is great. if all those people -- gerri: if they had fewer and fewer people on floor? >> they have had fewer people on floor. higher turnover rates. much more difficulty creating consistent experience. moves that they made today, i applaud because they're basically saying we have to get back, we have to put our employees back at the center of this. gerri: this is shocking how big they are, right? they're the largest private second tore employer in the u.s. they have 1.4 million employees. net sales of 473 billion. folks may tell surveyors people that run polls but they don't

like the store but they sure go back every single day to buy more stuff. gerri: exactly. what they're doing is expanding their footprint. looking into smaller formats. obviously upping investment online. gerri: that is interesting. >> when you look at the moves that they made today, through the lens of some of their growth objectives like smaller format stores, you go, hmmm, what are they doing? they're not only creating a better pay environment but some other things in there. better career paths. more flexible scheduling more visibility better benefits. gerri: 10 years from now if i walk into walmart, what will it look like? >> smaller. smaller and nor nimble is my expectations. >> more popular maybe? >> maybe. gerri: maybe. >> maybe. gerri: it's a bet. roll of the dice. steven, good to see you. >> thank you gerri. gerri: we want to know what you think. here is our question when it comes to walmart, do you love it or hate it. log on to gerriwillis.com and vote. i will share results at end of tonight's show. from minimum wage to maximum

spending would you pay $300,000 a month in rent? that is the cost of a one bedroom apartment on new york city's upper east side. cheryl casone joins me now with more on this hot property. cheryl? >> well, this could be absolutely gerri, a record-breaking rental deal in new york city. talk about a bubble, this is it. this is the suri. on east 76th street right off of central park, central park east, if you will. fifth avenue where all millionaires and billionaires live. here is what you get for 300 grand month. one bedroom, 1 1/2 bath. 1200 square feet. it has a deck, i want to say for outdoor dining. but the rent is 300,000 per month. 3 1/2 million dollars on annual basis you would be paying for rent. why is it so expensive? it is the building. the surre why is one of most luxurious buildings in new york city. amenities, heads of state have apartments there. i was looking at other potential

rentals in the building. there is two bedroom you can get for $450,000. yes, this would be a rental record for new york city. obviously sotheby's is looking who the rental agent. looking for someone international buyer. doesn't want to put money down to buy something but want to have uber luxurious experience in new york city with a place to call home. there is a spa of course a bar, restaurant, all kinds of good stuff in the surry. only thing comparable on upper east side the pierre hotel. one bedrooms go from $150,000 per month to $250,000 per month. this is not just indicative the of surry not some outrageous story, we're seeing in the high, high-end of luxury, gerri in new york city. gerri: when people ask me how crazy is new york this is the story i'm going to start telling. >> absolutely. gerri: pretty nuts. thanks for being with us. good to see you. >> you bet, thanks.

gerri: coming up the president of mothers against drunk driving to a lawyer who was on the show last night and hopes people dodge dui checkpoints. you want to see that. the white house wraps up a three-day summit on terrorism, bus the obama administration have what it takes to fight radical islamic terrorists? 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.

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♪ ♪ gerri: welcome back to "the willis report." in a moment, the latest as president obama reiterates the idea terrorists do not represent islam, but it's time now for a look at other stories in the news. much of the nation continues to battle record low temperatures and wind chills near or below zero. this cold snap can be felt across the midwest, northeast and even in the south. forecasters warn even colder weather could come later in the week as another cold front comes from canada. thank you. and companies at the heart of the west coast labor dispute

have gone directly to the dockworkers with their latest offer. the offer includes wage and pension increases and the maintenance of low cost health benefits. a federal official says speed doesn't seem to be a factor in the west virginia train derailment. the federal railroad administration says the csx train was going 33 miles an hour at the time of monday's crash and that's well below the 50 mile-an-hour speed limit. the derailment shot fireballs into the sky as 19 cars carrying oil caught fire. and four highway safety groups are asking nhtsa to require tractor trailers and buses to have devices alerting drivers of stopped traffic and automatically stopping the vehicles if the driver doesn't respond. the groups say the systems could prevent more than 2500 crashes a year. right now only 3 3r of the three -- 3 percent of the three million tractor trailers on the road have the technology. and those are some of the other stories in the news tonight. and back to politics in washington. president obama is defending his

administration's handling of the terror threat today at a white house summit, days after a state department official suggested creating jobs for would-be terrorists. obama says the world should address grievances terrorists exploit like poverty his words, not mine. here to weigh in, former homeland security official michael balbone. it's always nice to have you here. i want to start with a fox news poll on this issue. fully 68% say the president should be tougher on extremists. leading by a big majority there. do you agree? >> i think so far the white house has really struggled to find the right tone the right message and, frankly the right strategy moving forward. the jobs comment that bothers me in any way, shape or form to legitimize what isis is doing as a nation-state, that's the wrong move. these guys are animals, they really are. so what this white house needs to understand is it's going to take boots on the ground, it's

going to take an air campaign and an airwave campaign -- gerri: let's get back to jobs for jihadis for a second because i want to show people what the state department spokesperson said she says we cannot kill our way out of this war, we need to go after root causes that leads people to join these groups whether it's lack of opportunity for jobs. now, let me ask you this question because if you actually look at the history of a lot of people who have led these movements, these are educated people. they wouldn't lack for a job if they actually wanted to go 9 to 5 every day. that's not what these people are looking for, is it? >> absolutely not. they have a twisted and warped idea of what islam is for them. they represent an incredibly small, extreme segment of that religion, and yet they're trying to subjugate it and say this is where we're going to create this great caliphate. and, unfortunately, because they have the use of the media they're talking to people who don't have anything else in their lives who take a look at this and say, you know what?

maybe i want to get involved in jihad, and it's martyrdom. you're not going to win that person over by saying by the way, he's a job. [laughter] gerri: so it goes to the question of people in poverty, are they necessarily always terrorists burglars, bad people trying to break up the system or trying to rip people off? that's not true. i know people who don't make a lot of money who aren't on the take. >> absolutely not. and the way that they do things. these leaders they may have some western education, but they go to the worst of humankind. they go and all the things they're meant to incite, you know, the burning of the jordanian pilot, the random shootings in paris and denmark of officials and civilians, they're out to be indiscriminate. when the towers fell, muslims were killed as well. so they don't really care who they hurt from. that stand point, you can't treat these folks with any type of legitimacy. they're not a nation-state, they're a ragtag group --

gerri: yeah but, you know ragtag only goes so far. these people are all over the middle east, all over the middle east. and their numbers are massing. there are more and more people doing this every single day. before you go i want you to respond to something the president had to say at this big gathering in washington. listen to this: >> these terrorists are desperate for legitimacy, and all of us have a responsibility to refute the notion that groups like isil somehow represent islam. that is a falsehood that embraces the terrorist narrative. gerri: but don't we have to just be true? i mean, don't we have to be real and say these things are connected? these are islamic terrorists these are islamic terrorists these are the people who are coming after us, they're not doing it in a nice way they're beheading people. this is like the middle ages for goodness sakes. >> well whenever you go after an adversary what's crucial is

to try to you said what motivates -- to understand what motivates that adversary. and this perverted view of islam is motivating them that's something we should call them on and say we need to come together. and the united states ought to be part of a coalition that goes over there and really takes this to them. we haven't done that yet. gerri: we haven't done that yet, yeah. the response has been zero. michael, thank you. >> thank you. gerri: and when we come back, yesterday we heard from a lawyer whose video giving advice on avoiding dui checkpoints has gone viral. today we hear madd's side of the story. and next, new regulations on painkillers impacting our nation's heroes. you'll want to hear this, veterans often in desperate need. but first here's your consumer gauge with the numbers that mean the most to you. take a look. ♪ ♪

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♪ gerri: officials are calling it the worst drug addiction epidemic in the country's history, killing more people than both heroin and crack cocaine. now the government cracking down on narcotic painkillers tonight but our next guest says these rules could take an unexpected toll on more than half a million veterans currently taking these prescription drugs. here with details jesse jane duff a retired gunnery sergeant for the u.s. marine corp.s and now a senior fellow at the london center for policy research. welcome back to show we always love having you own on. these are people have very serious problems, taking methadone, morphine, on and on it goes. tell us about rule change. what will happen? >> yes. so the dea has essentially, decided that because of the massive abuse of drugs that now patients need to go back every 30 days to get refills. and unfortunately, for many veterans this is not possible. i read in "the washington post" that one veteran had to wait five weeks before the v.a. could

even schedule his appointment. who wants to lay in bed in pain for five weeks? so essentially, the v.a. has been overmedicating overprescribing, not regulating their own procedures and causing a lot of these addictive behaviors that have led to overdoses, suicides, family and domestic abuse. and then they turn around now are going to hyperregulate it. so they create the problem, and now they're going to hyper-regulate to resolve the problem. gerri: that's not going to work. somebody laying in bed for five weeks in pain waiting for drug meds, that's just ridiculous. >> yes. gerri: ridiculous. here's the problem we already know the veteran system is broken, the hospitals are broken, they're not working, and you're going to tell me i have to go there every 30 days now if i'm a veteran? am i going to get care? >> exactly. the patient backlog is already a serious problem, so this regulation is not helping the v.a. at all. however, the v.a. helped increase this problem. so let's look at one thing. in the past 12 years, the abuse of these drugs -- actually the

prescriptions of these drugs has increased by 270%. and it has outpaced actually the dwret t of veterans. -- growth of veterans. gerri: wow. >> what's going on here? it's common knowledge that the v.a. solution is to overmedicate. one veteran that i read about today had actually done an overdose had 19 different concoctions that the v.a. had given to him, and it caused him to overdose. gerri: unbelievable. so jessie, what drugs are we talking about? >> well you already listed some of them; morphine, oxycodone -- gerri: heavy duty. >> the high, heavy-duty painkillers they're taking. we've got a lot of veterans that have been taking these medications that are older n their 50s and 60s and they've never had a problem with abusing drugs. here's what the big issue is to resolve this, they need to enforce the veterans choice act that passed by congress and was signed into regulation. essential hi, it's $10 billion that allows a veteran to go get

private care. but you know what the v.a.'s trying to say? oh no, veterans love using the v.a. we want to take that $10 billion and shove it back into the v.a. and it's now in president obama's 2016 budget. you've got to be kidding me. the choice act allows these vets who live over 40 miles away from a hospital and have been waiting over 30 days for an appointment to get private care. do you know why vets respect using it? because it's gone on their credit report when they haven't been able to pay the v.a. bills, because it's not a credit card. they also haded a lot of bureaucracy that is really 40 miles as a crow flies, but if you were to take the roads it may be 60 miles. so the v.a. is resisting allowing veterans to even use the very act that bipartisan congress passed. so we're kind of stuck in a rock and a hard place. swrer jr. i think what's going on here is the v.a.'s protecting its own turf. we saw last week the new v.a. chief, who's an experienced

executive from cincinnati, procter & gamble literally trying to take down a congressman who was questioning the job they were doing. this isn't an agency that's in safe hands here. do we need new management again? >> you know, this is -- if we can get just the veterans' choice act enforced, i think we can take away this monopoly of health care. because what it boils down to is every veteran is equal a certain amount of money in my mind for the veterans administration. so every one of them who contributes to there is able to justify asking for more money. the v.a. has the second largest budget next to dod. second largest. so as long as they have the monopoly on the health care they're able to siphon more money out of the taxpayers. meanwhile, you got veterans who are suffering who can't even use a private health care provider that has been authorized by congress. it's unbelievable. gerri: jessie, thank you. always good to see you. appreciate your time. >> thank you gerri. gerri: and now back to a story

we did last night. florida attorney warren redlick created a controversial flyer he says helps innocent people from being falsely arrested at dui checkpoints which he thinks are un-american. >> this flyer complies with the checkpoint guidelines. that's the whole point. this is to work within what the supreme court allowed. gerri: so you're seeing it right there. my next guest says she fears this met could allow -- method could allow impaired drivers to bypass the law. joining me now, colleen sheehy church. always good to have you back. >> thank you for having me. gerri: so what's your concern with what he is proposing, and once again he's telling people you're going through one of these checkpoints, you don't have to roll down the window you can just cite your first amendment rights i guess, and roll right on through. >> well, the reality is the sobriety checkpoints are deemed legal by the u.s -- gerri: supreme court ruled. >> supreme court ruled it. and when you go to look at that,

we really are supporting the law enforcement. and the law enforcement is out there literally every day 24/7 protecting our roadways. gerri: so let me ask you, you're talking about the law. what about reality where, you know the metal hits the pedal? are checkpoints effective in catching all drunk drivers? >> absolutely. right now the cdc has shown that they reduce fatalities by 20%. gerri: all right. i want you to respond to something warren redlick told me last night on this very topic. listen to this. >> it's difficult for a drunk person to pull it off. i've heard people call my method foolproof, and i would say, no, it's not foolproof, and it's not drunk proof either. it's actually somewhat difficult. it's not very difficult but you have to be patient, silent and follow instructions and those are three things that drunks are not good at. gerri: so he says that a drunk wouldn't be able to use this to put this in the window of his car and just wouldn't have it

together enough to do it. do you believe that? >> oh absolutely. once you're impaired, you're impaired. and following instructions sometimes aren't always the best thing to be able to do -- is. gerri: well, that would seem to argue against the checkpoints being effective. if a drunk person cannot put this in the window of their car then, you know the only people who would do it are people who are not impaired, right? >> well ask the question again because i want to make sure that i answer it correctly when you're asking -- gerri: so, i mean the issue i think for a lot of people are why are you stopping me when i'm not impaired? there's no reason to stop my car, my vehicle and you say that the checkpoint are effective, and yet warren redlick says, like, you know, a drunk could never got it together, they wouldn't have the presence of mind, the intelligence, the capacity to actually make this argument. do you agree? >> let me say this, if a sobriety checkpoint was available the night that my son

died, he'd be here with us today. gerri: and we have a picture of him. >> thank you. thank you. gerri: he was 18 years old. >> he was 18 years old and got into a car with an individual that was drinking using drugs etc. so if a sobriety checkpoint was available that night and on that street, he'd be alive right now. gerri: so you have sort of an argument that's hard to refute. whatever it takes, in your view. whatever it takes to get people off the road from driving drunk is what we should do. are there any limits to that? >> you know, i'm not a lawyer, so in terms of limits and u.s. constitution, i couldn't give you that but i can tell you they're effective, they stop fatalities by 20%. drunk driving fatalities kill

10,000 people a year and they injure more than 290,000. so if there's a primary way that we could use and it's a tool that we can use for a sobriety checkpoint that's been deemed legal by the supreme court, why not use it? gerri: this is probably going to be heard in a court of law. do you want it to go forward? do you want to see it challenged? >> i'm not a lawyer so i can't say whether it should be challenged or not -- gerri: but do you think it should be? would you be happy to see this issue resolved? >> well obviously, for the good. you know we -- it's -- drunk driving is a violent crime, so anything that we can do to protect the public, and the fact that the law enforcement is on the streets 24/7, and they're the ones with the boots on the ground we're going to support. so i will align myself with what madd believes to be a way to protect the public. gerri: hear what you're saying. i just want to make sure i understand your point of view. one of our own legal experts here today on the network said it's almost unreasonable search and seizure because you're

forced to stop, there's no reason to think that you're a problem. maybe it's you, the head of madd driving through and you get stopped. is there something about that that offends your sensibility in any way whatsoever? >> not at all. if i'm not drinking and i'm driving, there's no such thing as profiling. the limits that the officers put together are predetermined before they even get out and do a checkpoint. so for light traffic they might stop every car, you know? for medium/moderate traffic they might stop every fifth car. for heavy traffic they might stop every tenth car. what they're trying to do is have an up due delay for motorists -- undue delay for mostists but also to protect, because they're trained to look for it. gerri: colleen, appreciate the time. >> you're welcome. gerri: still to come my two cents more. and americans buying cars at a record pace, and many of them are preowned, sending prices skyrocketing. is used the way to go?

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♪ ♪ gerri: used car prices are picking up speed hitting a new record high in 2014. edmunds.com has up. ed the numbers and is here to help you -- has crunched the numbers. jessica caldwell joins us with details. jessica, it's so good to see you. i was surprised, you did this research, you put it together. record highs on used cars. why? >> uh-huh. well, i mean i think there's a bunch of reasons, but i think the biggest reasons are we're seeing a lot of near-new, that's what we call those 1-2-year-old vehicles whether they come off of lease or people have been prodded to trade in their vehicles so they can get a new one. for a long time dealer inventory didn't have a lot of used vehicles, so there was this push for as much inventory as they could have. if you got any of those mailers i know i have in the past, i

know you've only owned your car for a year, but come in and trade it in, those are all pushes to improve -- jeff jeff $17,000 for a new -- gerri: $17,000 for a new car. you say even older cars have seen prices rise even faster. tell me about that. >> yeah. we're seeing a lot of demand because of low gas prices for larger vehicles, trucks and suvs people that may not have bought them in the past. i think that's driving up some of the old vehicle prices and also people that, you know, maybe got turned down for an older vehicle or a loan in the past, they're back in the market because they're finding out they can get financed now. gerri: one of the popular programs is certified preowned. is this part of what's going on? >> yeah certified preowned is huge. it's about 25% of the used retail market, and a lot of people are choosing that because you're basically getting a car that doesn't have very many miles on it, you still get a warrantee, and you're not necessarily taking that first hit of depreciation. and for a lot of people that's

pretty big. gerri: so can we talk about whether right now because of the dynamics whether it's better to buy or lease? is what's your advice? >> uh-huh. both of them are good because i think that for most people who finance not very many people pay cash nowadays so people are financing, and credit is cheap. whether you're leasing or financing, you're still generally getting a good interest rate. so i think it really depends on your lifestyle. a lot of people don't want to commit to something, so leasing works. for other people, way want to buy. gerri: i'm shocked how many people lease cars these days. it's a huge proportion. we've seen a big rebound. we've also seen an uptick in the sales of new cars. how are people thinking differently about the auto in their driveway right now? >> right. well a lot of people, you know are leasing like you said about 27% of new car market is leasing, and, you know i think it goes along with how people look at purchasing in general.

you have a monthly payment, you know it fits in your budget, and that's what you're going to do. i think less people nowadays save up for a big down payment and decide to either pay for their car in cash or finance for a lower amount of time. i think it goes with how consumers' purchasing patterns are. just setting a monthly budget, this is what i can afford, and this is how i'm going to buy a car moving forward. gerri: jessica, thank you. >> thank you. gerri: and we'll be right back. thereby

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or any symptoms of an allergic reaction stop taking cialis and get medical help right away. ask your doctor about cialis for daily use and a free 30-tablet trial. 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. 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. gerri: hopeing to repair its reputation walmart giving raises to nearly half a million workers and offering what it says are more opportunities for advancement. so when it comes to the nation's biggest employer, do you love walmart or do you hate it? we asked the question on gerriwillis.com. 69% say they love walmart 31% say they hate it. log on to gerriwillis.com for our online question every weekday. and finally tonight, it is too close for comfort, that's what i think of the similarities between what's going on in this

country right how and back in 2007 with. 2007. the markets are humming along, the economy doing all right, but debt -- and by that i mean debt to deadbeat borrowers -- is going through the roof. four in ten consumer loans went to subprime borrowers last year. so what happens if the economy hits an air pocket, takes a dive on hire interest rates or higher gas prices or even a terrorist strike? what if the stars are suddenly not aligned for per perfection? it could be trouble. that's what i think. but nobody seems to be paying much attention. the federal stability oversight council charged with foreseeing the next financial calamity is silent. and the president's more attuned to his poll numbers than the economic numbers. watch out, because it won't be washington that will pay the price for the next meltdown, it will be taxpayers. that's my two cents more. and that's it for tonight's "willis report." thanks for joining us. don't forget to dvr the show if

you can't catch us live. "making money" with charles payne coming up next. have a great evening. ♪ ♪ deirdre: i'm deirdre bolton in for charles payne, and you are watching "making money." walmart's stock closed down today, and the p cane is raising hourly -- and the company is raising hourly wages. we'll discuss if government should let the free market determine wages as opposed to a federal mandate. point res the wildly popular scrapbooking site, 500 employees, it may be worth up to $11 billion. we're going to tell you what it indicates about a it tech bubble. and we have four hot stocks to watch. we're going to help you make some money. the dow and the s&p 500 closed down, the nasdaq extending gains for seven straight days. oil trading lower, affecting tentment. for more we go