tv The Willis Report FOX Business March 11, 2015 5:00pm-6:01pm EDT
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american express. david: bank of america, by the way is still trading down a little bit. there was a proviso. they passed with a footnote with an asterisk. liz: with an asterisk. stay tuned for the pacquiao -- gerri has it. gerri: i'm gerri willis. this is "the willis report," the show where consumers are our business. nearly seven years after one of the biggest taxpayer bailouts in history, r fannie mae is under fire after a bombshell new investigation. we'll have the details. the clinton email controversy grows. new questions today over what the former secretary of state deleted. >> look, bridesmaids dresses or wedding cake, i don't care about that but if it's a public record, you should have act test to it. gerri: being billed as the fight of the century. floyd mayweather and manny pacquiao face off today ahead of the richest fight in boxing history. also consumer reports is here with its annual new car issue. they will tell us the one big question you need to ask before
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going to the dealership. the most annoying things about all that technology we use. what bugs you most? all that and more coming up on "the willis report," where consumers are our business. gerri: a lot going on in our hour tonight. we're awaiting a news conference in advance to the highly-anticipated and long-awaited fight between floyd mayweather, jr. an manny pacquiao. this is the only joint press conference the two will have leading up to their may 2nd showdown. we're waiting for the start and looks like it is imminent, we have other news to share with you. fannie mae making headlines after a scathing review from a new government report. the federal housing finance agency filled a critical auditor position with somebody unqualified, potentially putting taxpayers back at risk with more mismanagement. hear to weigh in is republican strategist brad blakeman and options.com senior
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vice president rick sharga. welcome to you both. brad i will start with you. what is in this report and why is it so shocking? >> it is not shocking really because fannie mae has not learned their lesson. what was in the report is glaring omissions and commissions of gross negligence in my opinion. here is what the report said. one, is they waited for the auditor to leave. gerri: we're going now to the press conference. manny pacquiao, floyd mayweather, here they are face-to-face. take a look. the two facing off this very minute in las vegas. ♪ take a listen. as the two see each other for the last time before the big fight may 2nd. ♪
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gerri: as we get ready for this let's bring in mike hill from fox sports one to talk about what we'll be talking about right now. mike, to you. i know you're following this closely. this is going to be one of the biggest fights ever. big purse, massive purse. could set records on a number of levels. pay-per-view, you name it. what do you make of it? >> jerry, we have been waiting for this fight to happen for six, maybe even seven years. the fact that it is going to finally happen on may 2nd is epic. the fact i'm watching them right now standing on the stage together just face-to-face, knowing that they're going to be fighting in just a couple months the anticipation that built up i am ready for this. the whole world is ready for
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this. is the only fight in boxing that really matters right now. if you're not a boxing fan you don't care about anything in boxing except these two men getting into the ring. gerri: so we know there is $250 million purse, presumably. is that the biggest ever? how does this stack up in terms of the money? >> i mean we're talking about 250 million maybe even close to 300 or even more than $300 million. the fact that manny pacquiao is getting 40% of that and floyd mayweather getting 60% of that, this will be the biggest fight in history of boxing when it comes to money. the anticipation and buildup for this fight has been like 1971. i wasn't around back then. i was one years old when muhammad ali got in the ring with joe frazier. but this is that type of epic event. this is the type of buildup we've been waiting for. like i said, this is the only fight in boxing that matters. this is like a super bowl. this is more than just a fight. this is more than just a boxing
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match. this is a huge event that the whole world will be watching. gerri: what does it tell you about the popularity of boxing right now? a lot of people interested. is this surprising to you? >> i think it is kind of sad, you remember 20 or 30 years ago you probably don't remember you're a young lady, boxing was sporting event everybody came to watch especially heavyweight division. you can't name heavyweights out there. used to be about muhammad alis, joe fraziers larry holmes and mike tysons. only household names in sport of boxing everybody knows about are these two guys facing off on may 2nd. part of it is sad boxing used to be the sport of kings. big time sport you see on saturdays. big pay per views that you would have. right now if it is not about pacquiao or not about mayweather nobody really cares. there are individual fights that happen out there when they go fight one another. there is buildup for that.
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once again i said it many times this is the only fight that anyone wants to see. >> the only fight. we're watching them as they get prepared to take to the mic here. in the meantime though, what is really at stake here? what is the on the line here? what does it mean for each individual fighter? >> well it is a legacy. for manny pacquiao, he wants to go down as greatest boxer of his era. he lost three of his last five fights. i'm sorry, lost two of his last five fights. he is on a three win streak but had two losses against marquez and bradley. floyd mayweather this is about him and his legacy. i is 46-0. that l, that win-loss column, that zero mean as lot to him. he wants to go down as greatest of all time. he doesn't want to lose the fight. this is a bigger fight for him. even though manny lost a couple fights he lost five fights, if
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floyd loses this fight, of course there will be a rematch. of course anticipation for that will be huge. floyd does not want to lose to manny pacquiao because everybody will say, you beat everybody else but you lost against only fighter on your level when it comes to greatest of all time and he doesn't want to lose that title. gerri: doesn't want to lose that title. as i was saying what is at stake financially, at least pay-per-view, could set record for that, revenue all-time gate. it is so funny you think of boxing being as ancient sport. seems this has new energy. young people really watching. young people getting involved for the first time. we heard last hour, one of long-time promoters in the sport talking about reaction he is finding for this. are you hearing same thing? >> absolutely. once again, this is the event. this is super bowl of boxing that we've been waiting for. talking about knows plead seats
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at -- nose bleed seats at mgm going for tens of thousand of dollars. everybody wants to be in the mgm. that is huge sport. a lot going on. nba playoffs. triple crown raising. people are talking about may 2nd. finally pacquiao, mayweather talking about comp tickets. there are not comp tickets. if you're a-list celebrity you're trying to get into this fight. you will have a hard time finding a ticket to get inside of the mgm that night. that is how big the anticipation and build up has been for this particular bought. >> it is interesting, of course happening in vegas, right? where else would you have this fight? it is at the mgm. this is not just good for boxing. this is good for las vegas. this is good for entire industry. this is good for the company which is also a public company. >> absolutely. this is good for everybody. this is the mgm, this is mgm stands for, according to floyd
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mayweather, may weather gets money. so he loves fighting at the mgm. that is home for him. this is great for sports. we need something like this, even though we got everything going on with the nfl. free agency going on. we'll talk that on my show, america's pregame. baseball season starting up. you talk about it, boxing has been on a down cycle last couple years because the ufc is actually coming up and ufc is beating it now in popularity. for this and sport of boxing this is huge. not just from a monetary standpoint but just for the sport itself. you would like to see other things kind of spawn off of this and other boxers come up and might have that next mike tyson. might have the next floyd mayweather. right now this is all we got. whoever wins this fight, if it is floyd mayweather maybe he retires. maybe doesn't give pacquiao another bought because you know what? what us did he have to win or lose i should say? if he loses the bought we'll
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have the rematch. we'll see if there is bigger bought when it comes to money with prestige and build up-bout. gerri: what companies sign on, people who back the fight and people all goods you see around big events. this is something a lot of companies get involved in, riding a wave of interest in the sport. >> i mean when it comes to the money aspects of this, who doesn't want to get involved? who doesn't want to attach their name to it? it's a pay-per-view bout. if this was on regular television, of course it would sell just like super bowl ads be honest with you when you talk about a 30 second super bowl ad selling for millions of dollars of course that is how much this bout would mean to the advertisers out there. but of course it is on pay-per-view. of course a couple of weeks later it will be on hbo or
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showtime, on both i think in this particular case. if you're part of a company, part of endorsement or part of advertisement you want to attach your name to this. >> all right. i want to bring in aaron pryor, the wba junior welterweight boxing champ 1980-85. full disclosure he is my brother-in-law. he had experience with what we see going on here today. aaron, are you there. >> yes, i am. gerri: good to have you on the show. thanks for being with us. >> yes. gerri: i'm sitting here listening there is a lot of talk about boxing. we're waiting for the two contenders to get up and speak. does this all very reminiscent of you. >> this is exciting. this is what makes championship fight conversations you have here at this press conference. it is very very important. gerri: do you have a favorite in this fight, aaron? >> pacquiao. i'm going with pacquiao. normally i would go with
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mayweather. i'm going with pacquiao. he fights like me. with a lot of punches and go from there. that is how i was. i asked for a lot of punches and went from there. gerri: you threw a lot of successful punches, aaron. mike who are you going for here? who do you think will actually triumph? >> you know what is crazy? we loveman any pacquiao on america's pregame. he sang for us even though he has done singing. he sings really good. look it up on internet. it is really funny. if i had some money to give out or bet on this fight i would go with floyd mayweather. how can you deny 46, 47-0. pacquiao lost a little bit of his aggression since he got knocked out by marquez. he is not the same fighter he was. floyd mayweather is, i'm sure your brother-in-law can attest to this, he is one of the
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greatest boxers of his era, i know bernard hopkins is out there but he finds a way to get the job done. he is not a fighter. he is not a brawler. he is quintessential boxer. this fight expect it to go the whole 12 rounds. i expect employed may weather to -- floyd may weather win by decision, close decision. gerri: you're going by numbers. that is how the bet something going. seems like betting says mayweather will win. why are you betting on pacquiao. >> everybody told me i would lose the fight back in 1980. i'm, you know, i'm looking at the guy got nothing to lose. you know he can go hard with nothing to lose. gerri: that's a good point. i think that makes a lot of sense. when you talk about who is motivated, who is motivated the most. who is motivated in the right way, you have to ask yourself those questions.
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aaron to you, on a big money fight like this, boy this is a big money fight, what is going through your mind as you step through the ring? >> well it ain't really about the money. even though fighters talk about the money. it is not about the money. it is about the fight. i have never known anybody fought for the money including muhammad ali. muhammad ali fought to win not the money. he fought people that fought for the money. the masseurs and the champ, came in that way. >> i agree. you know what? i agree. i don't think this is just about the money as well because they could have made millions, tens of millions of dollars before three or four years ago but there is something that is much bigger at stake in this fight. and that is the legacy. that is a legacy especially for floyd mayweather. agree what you say when you say manny pacquiao doesn't have anything to lose. that is why he will be very
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aggressive. at the same time, floyd mayweather in a sense has everything to lose. this is the only fight that matters to him. you see it on twitter. with all the critics out there. people want to shut him up. he is the muhammad ali of this era. in manny pacquiao beats him may 2nd, a lot of people will say i told you so. he is not the greatest of all time or greatest of this era and that he has been ducking pacquiao afraid of this moment. i think mayweather will go in there determined and to get the job done. gerri: aaron? >> these guys are very smart. they know a rematch is in the making. somebody will have where the rematch will be bigger than the first match. over -- million dollars. i can look for rematch. that's why imseeing, you know
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mayweather will not give it all he got. i don't know. he if pac-man lose, that is it. but if champ loses he gets rematch. gerri: i want to ask both of you the kind of preparation that goes on for something like this. mike, first to you. i can't imagine how long and how tough training as been to come to this day to come to may 2nd. what is it like? >> i mean -- >> i mean it will be grueling. this is the moment that both of these fighters have awaited for basically their entire career. they are going to train like never before. of course you heard floyd mayweather talking about what he is doing during training. bringing in a lot of lefties. that is part of the style. talk to your brother-in-law about that. bringing in lefties guys he beat before. he will be in his camp to help get him ready for fight. he will be focused. when you see him coming to the stage. i never seen floyd basically so
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focused in my entire life ever since i've been watching sport of boxing. manny pacquiao is that guy. he is always ready for fight. probably got criticism in the past because he had other things he is interested in. politics and singing. he has given up singing. playing basketball and things like that. i guaranty you he will be ready and prepared for the fight on may 2nd. gerri: two different personalities, aaron. you prepared for these fights. what was your preparation routine like? >> my routine was sort of like his. we went up in the mountains and catskills in new york and trained just like training he is doing here. getting ready for the fight. they know what to do. all they have to do is do it. it is a job that hasn't been done. that means you have to run. got to lift. got to go to sleep early. get up early. that is do all that. you have to be dedicated for -- gerri: a lot of hard work.
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aaron, when you step into the ring though what is going through your head? what are you thinking about? >> i stepped through the ring 15 times for title fights. you know when i got in the ring, i realized like oh i'm finally here. this is it. they say i'm going to lose. lime "gladiator" they -- glad they say i will lose because i'm going to win. when you sacrifice six to eight weeks of serious training for boxing. it face nominal how, what you get from training hard. >> we're showing pictures of you, with our ageu, wow, all famous boxers. >> aaron pryor was a god back in the day. he was. gerri: yeah, huge. we're waiting for these two fighters take their turn. mike, to you as you wait for this, is there one of these two
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fighters better than the prep, bet than the other getting ready? >> i don't think so. they're both consummate professionals. they will be both be ready for this megafight on may 2nd. floyd, you look at him. he is in vegas. the great thing about floyd, all his preparation is usually on hbo or showtime. they will do this 24/7 where cameras follow him all the time. he is kind of different in his training routine. he starts at 2:00 in the morning. call his crew. they're always on standby. he will go into the gym. always talking about hard work and dedication. that is his motto. he will be ready to go. manny pacquiao is basically the same. he had some distractions before. there is no doubt in my mind these guys will have tunnel vision and focus. they have less than two months to prepare for the fight. they will be ready to go. gerri: i think we're getting close to the start of this press conference. might be moments away here. aaron to you.
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boy, i have seen video of your fights. they are intense. you come out with that fist right in front of you. they call you the hawk. you're still friends with everybody in the business. you know mayweather well. >> yes. gerri: you talked about him before. is it hard not to be in his camp tonight? >> it is. it is. because, everybody i'm growinggoing from the heart. i'm saying because i believe in boxing. boxing has been good to me. i've been good to boxing. i have to say what i feel about the fight. no matter whatever. everybody else say. i really look at the fight before i open my mouth. that is the one. he fights just like me. if you saw some of my fights now you could see his fights. see that he fights just like me. throw a lot of punches. from all directions. >> aaron can i ask you a question? what do you think will be
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manny's tactic on may 2nd going up against a guy like floyd mayweather who is such a great defensive fighter? >> may weather, styles make a fight. mayweather has some particular style where he has hands low and finishes with jab up. you have to change up. gerri: all right. guys, we're going to have to get to the press conference here. manny pacquiao getting ready to speak here. hank tight. thanks for your help. here we go. >> on order of the president of the philippines. we know what graciousness and kindness the filipino people show. we have to only visit a hospital in california in nevada. 80% of the nurses are filipinos. because they are gracious people
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and kind people. but i also know growing up that at the start of the second world war, i'm old enough to remember that, that the philippines troops fought side by side with the americans against the japanese. defending their island bataan, corigidor and other places. when american troops, because of lack of supplies, were forced to surrender, the philippine troops took to the mountains, and the jungles and became guerrillas and fought tooth and nail against the japanese for three long years until general mcarthur came back.
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so we know the graciousness and kindness of the filipinos. exemplified by this man, manny pacquiao, who gives fortunes away supporting charities in the philippines. whether it is founding hospitals, schools, is building churches, supplying fishermen with motors so they can increase their catches, getting out to the deepwater quicker. he is legendary for graciousness and kindness. but like those philippine warriors, he has a fierceness about him that most filipinos have a toughness. he is a fierce fighter who doesn't quit. who gives his all. and will bring his best on may 2nd. i present to you now, the wbo
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wealther wait champion of the world -- welterweight, the champion of the world, man any pac-man, pacquiao. [applause] >> thank you bob. i would like to thank god for giving us and providing us a wonderful day a beautiful day and giving us strength. i want to thank showtime and hbo for helping to make this fight happen. and also mayweather team. mayweather promotions. and team pacquiao and to all the media. to all the media and press. i thank you so much for all your support and in defense of boxing. i think, i believe, that it is what are you waiting for since five years ago. so i think the fight is on and
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you're very excited. i know you're very excited. we're both of us, we're going to undergo hard training for this fight. and, we, we will do our best and, on may 2 to to make you happy. the most important thing is, not to ask to me, or to the most important thing is the name of the lord that he would be glorified. i want to know that there is god. this is this i want to know to the people that you know, i want to let the people know god who can raise from someone from nothing into something. and in that's me. that's me. i came from nothing into something. i owe everything to god. he gave me this blessing. so it is all good to the lord. [applause] and thank you to all the fans
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especially the filipino people who are always supporting me. they're watching now live on tv and, some of them are here. [cheers and applause] i would like to thank freddie roach for, you know, for being a very nice to us. team pacquiao. been nice to me. bob arum. you know, that is what we call this, our team, we have -- we've been working since 2001 until now, 2015. we're the longest team work in boxing history. our coach and boxer. my promoter bob arum, is my loyalty to them. so thank you for trusting me. and god bless you all. [applause]
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gerri: that was manny pacquiao, making his name. i want to get a quick reaction here from mike hill. mike. >> how can you not like manny pacquiao? he is consummate pro. he is a role model. he is one of those guys that you want to hang around your family and have dinner with. but you know what? we like the fight game. we know it is not just being a really nice guy. we want to see them in the ring throwing those hands. when throws those hands he is among the best. i love the guy. he has come on the show. he sung songs for us, what not. he is consummate entertainer. we're looking for it may may 2nd. gerri: so versatile and fascinating. get back to the press conference. aaron, i will come back to you later. >> he is the wba unified welterweight champion. he is also the wba super champion in the super welterweight division. he averaged over a million
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pay-per-view homes every time he fights. which is highest average ever in the history of the sport. he has been named the world's highest paid athlete by "forbes" magazine, espn the magazine and "sports illustrated" which is truly a testament to his great popularity around the world. on may 2nd he faces another great challenger in front of him, in fellow world champion, manny pacquiao. this will be a fight the whole world has been waiting to see for quite some time. once again floyd is out to only prove to the critics why he has been the best fighter not only of this era but many other eras. he will go out, come may the 2nd and he will show you why he has been the best. they call him the best. and they call him the best because he goes out there and proves it every fight.
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so without further adieu i would like to introduce, the pound for pound, best fighter on this planet, none other than floyd, money, may weather. [applause] >> first off, i have to thank my, my father. unbelievable trainer. unbelievable person. you know. i want to thank showtime mgm grand, so many different social media outlets. the fans, team pacquiao, top rank. it has been a long road but we're here now.
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al hayman remarkable guy. you know if it wasn't for al hayman, my father, leonard and my team, i wouldn't be where i'm at today. so i want to say thank you. may 2nd. fight of the century. it is all about the best fighting the best. pacquiao is one of the best fighters of this era. and everything is about timing. you know, i think we couldn't choose a better time. you know, our gameplan is just to be smart and take one fight at a time. like all 47 files. -- fights. this is a fight that the world can't miss. this is unbelievable matchup.
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action-packed fight. i'm in the gym working right now. dedicating myself to the sport. pushing myself to the limit. because i never wanted to win a fight so bad in my life. and i'm pretty sure he will push himself to the limit because he wants to win just as bad as, he wants to win just the same way i want to win. but one thing i do know about any sport. when you lose, it is in your mind. if you lost once, it is in your mind. if you lost twice, it's in your mind.
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stay focused and be the best that you can be. steven, i want to thank you. richard, i want to thank you. bob, team pacquiao. because without everyone together, we couldn't make this happen. i have to be thankful for us coming together as one so that we're able to give the world what they want to see. mayweather pacquiao. everybody that's tuning in, i want to say thank you. i'm pretty sure you're going to see hashtags on twitter
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instagram shots. may 2, i want everyone to tune in. the biggest fight in history. thank you. [applauding] gerri: floyd mayweather. we're wrapping up this press conference. i want to get a couple of comments from our guests. aaron pryor. >> he is in a situation he can say whatever he wants to say. what he said in this message was that this was going to be one of my best fights. gerri: very interesting. >> yeah. gerri: and, mike, to you, what are your thoughts now? >> let me tell you something right now: floyd mayweather is focused for this fight. you heard him say this man is pound for pound the best in boxing right
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now. you heard al come out there and give him all the accolades. you also heard him say one thing, of all my fights, this this one means the most to me. he knows what it means. once again, it's not about losing a fight. he's going to get money. one hundred yeal million $80 million. it's about that legacy. keeping that record unblemished. he doesn't want anything other than a zero in that loss column. he's focused with his fight. >> mike hill thanks for coming on the show. aaron pryor. you have the experience my friend. boxing champion. '80 to '85. he is now a legend. we'll take a quick break. and we'll be right back.
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♪ gerri: you just saw us cover the press yeps conference of manny pacquiao and floyd mayweather. they just announced an on sale date for the tickets is coming up. guess what the ticket price is going to be? 1500 to $7500 for those tickets. it's going to be something else. i want to bring in wane rogers from los angeles. the chairman of wayne rarnlings and company. big fan of boxing. what was your reaction to that conference? >> well gerri you're talking about two of the greatest fighters of our era, i think. pound for found, there's pound there's no doubt about it. if i had to pick a winner, it will be floyd mayweather because his
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defense is so great. manny has the heart of a tiger. he'll stay there forever. eel behe'll be hard to beat. mayweather is a little quicker. manny lost two of his five fights. he was terrific. but i -- this is going to be a big one. i'm surprised at the ticket price. i think the ticket price would be double that. gerri: they'll make so much money on the fight. we've been looking at the numbers. it's astonishing, wayne. do you think the audience for boxing is growing? >> i don't think so. i think it's shrinking. and it has been shrinking. it's unfortunate. you know, you need great fighters to bring out the people. and we haven't had great fighters recently. i mean, you know, since ali and all that. you haven't had any big time big name fighters who dominated a sport. but these two guys pound for pound are the best in the world, no doubt about that.
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>> so interesting to hear them talk. may 2nd is the big date. i want to move you on the hillary clinton, hrc, they can't let it go. one of the things that really caught my attention and that i keep thinking about is she kept talking about how she's met all the requirements of the law. in revealing these emails. has she? >> no, she hasn't. first of all, you know i said this once before on your show, she has a history, you know, that is very unfortunate. you go back to white whitewater. file gait. she's been duplicitous. and handled herself around. then trumped these committees by saying i'm turning all these material over. she's obfuscating the fact. (?) the fundamental here is about honesty and
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about -- it's not about trying to trick your way into the -- the election. you know, she says, don't you want a woman to be president? she defends herself by being a woman. she takes everything out of context. this is just terrible, i think. it's all political. she has a history of this. you know she's not telling the truth. she's going to obfuscate the truth. i hope congress gets at it. >> does she have a point about not putting two emails on the same device. do you buy that? >> no, of course not. like i said, this is done for the purpose of obscuring, of making this obscurantous. she's trying desperately to get out of something. she's always trying desperately to get out of something. she's always told two sides to everything. four sides. there's never an honest straightforward delivery action that she says is true.
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look all these things all you have to go back and look at the history of this, you know right away what she's all about. she can't help herself. she's a political animal. gerri: well, i need to you address some comments out of the white house. it looks like they're trying to give her cover. listen to josh earnest today at the white house. >> did the white house know that hillary clinton was deleting 30,000 emails that she sent to secretary of state? >> john i can tell you that i wasn't aware of the personal email habits of the secretary when maintaining her personal email box. >> i'm not talking about her habits. i'm talking about what she did a few months ago which was deleting 30,000 emails that she sent without anybody determining except for her and her team and her team alone that those emails didn't need to be part of the public record. >> again, this was a decision that was made by secretary clinton and her team. and what we're talking
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about are emails that she described as personal that relate to, you know, what she described as a variety of personal arrangements. whether it's her daughter's wedding or personal things of that nature. again, i'd refer you to secretary clinton's team about the decision they made on that. again, we're talking about the decision that she has made relating to her own personal email. that falls outside the purview of the federal government. >> what happened to ronald reagan saying trust, but verify. right? she said, you have to trust what i say. what i say goes. >> yeah. and do you see how he parsz that and says, you know, it's not -- what she said was this. but i'm not sure that's what it is. you have to ask the state department. the state department says we're releasing all these things. it's a duel in obfuscating the truth. trying to not get to the truth is what they're trying to do. >> we could go on and
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on. thank you for coming. >> i want to come back and talk to you about boxing one day though. >> absolutely. thank you so much. and now, we want to know what you think. did hillary clinton jeopardize national security? log on to gerriwillis.com. vote. i'll share the results at the end of the show. we've all been there. right? you're driving along. stopped at a light when a shiny new car pulls up next to you. and you start thinking maybe now is the time to buy a new car. when is buying a new car worth the money and what should you consider if you do? mark joins us now to share his advice. mark, great to have you on the show. >> great to be here. gerri: let's get down to it here. how do you decide -- what are the first things to consider when you're deciding whether or not to buy a new car? >> there are three major factors what you have to consider involving how much it costs to maintain your current car. in other words does the cost of repairing and maintaining your current
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car, is it more than what a new car payment would be? there's also safety factors involved, a lot of new safety technology has come out in the last couple of years that is far superior to what is in older cars. the idea of infotainment. pairing your smartphone to your car. apple and android also have their own systems which will run on the screen on your existing car. gerri: you know, there's so much going on with that. let's talk about, first you mentioned the safety futures. according to the consumer reports, you guys buy your own cars. you test your own cars. you know. and right there they are behind you. what are the most important safety features? >> well if you're driving a much older car, you want to make sure that your car has at least electronic stability control, which we believe is the most important safety advance since the seat belts. but since then, there have been a lot more interesting inventions
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that keep you also safe from the more minor accidents: cross traffic alert, which looks out the sides of the cars as you're backing out of a parking space. because a lot of collisions are rear-end collisions, there is forward collision warning where it warns you of -- maybe you're not braking hard enough relative to the car in front of you. it uses a radar traffic signal to sense how close you are to the car in front of you. some will brake for you so you don't get in an accident. >> do you go for all this high-tech stuff? i mean, i have a bunch of stuff in my car. half of it i don't know how to use. is there too much sometimes? >> there's some pieces of equipment on cars that they say is for safety it's either bothersome until you need them. there's lane departure warning. if you stray out of your lane, it will detect the lines on the road. and it will, now, annoy you to no end that you're
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drifting out of your lane especially on a rural road. that one time you're driving home late you're tired, you're falling asleep behind the wheel, that's when that lane departure warning beeps and wakes you up and you realize you have to pull over and take a break. >> can i stop thinking about miles per gallon now that gas prices are so low? >> well if there's one certainty in the world gas prices will always come back up. [laughter] in fact, here's the interesting thing, because gas prices are low, demand for hybrid vehicles are down. pretty big incentives on them. you can get a great deal. when gas prices come back up, you look smarter. >> what makes me look smarter is that 46% depreciation after three years. that kills me. we have to go. do you want to add something? >> that's why we always recommend that you buy sort of a near new car.
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if you're making that decision on whether or not to buy new, go to the april issue of consumer reports or consumerreports.org online. we have a handy-dandy decision tree that will walk you through the process of whether or not you need a new car. >> well,well-promoted, thanks for coming on. how many times a day do you want to throw your cell phone outside the window? hint your printer with a sledgehammer? some of the big tech nuisances and how you can prevent them. stay with us. ♪
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you crazy. jeffrey of the wall street journal is here with what he calls his biggest tech nuisances if there's anything you can do to prevent them. jeffrey let's get down to it. i have my list, you give me yours. >> why don't we start with the thing that's been going on. i have this phone listening to the show. while listening, it has buzzed and gurgled at least five times. our lives are filled with too many notifications. i do not know that my second cousin removed just joined instagram. i do not know there's a sale on amazon. there's this economy stacked against us. our phones don't give us enough controls over the stuff we need. gerri: i know. it goes on and on. drives you absolutely nutty. what's your number two on your list? i have a few i want to talk about too. >> what's your favorite? or at least favorite? gerri: when i update my software on my phone or ipad things get worst. >> there are a lot of
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theories on that question. some people say that's planned obsolescence on apple's part. maybe perception. we want them to keep moving forward with their innovations. new capabilities. and even security updates into older devices. they have a record on the last version of ios that put out versions that make devices slower. over time, they fix that they improve it. come out with newer versions that make it better. to start with, we have a problem. android people have the exact opposite problem. google keeps coming out with new versions of android, you can hardly get those, you have to get those from your phone provider. android people stuck without needed security updates. gerri: all right, number two. battery life. i'm plugging in all the time. come on. these devices need to go longer. what's the point of having something you have to plug in every 12 hours? >> i totally agree with you. every time i talk with these companies, they say we made it thinner.
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everyone wants it thinner. in researching this piece with the journal i got my phone out and sliced some cheese with it because it is that thin. we don't need that. i would happily take a phone that is a couple of millimeters thicker. hey eileen i'll even take a centimeter for an hour or two more battery. (?) >> i don't know if you saw this, but at&t said it will charge customers 30 bucks a month more for privatest privacy. shouldn't privacy be something i get as a matter of fact? >> well, in fact, it's pretty much guaranteed to us in the bill of rights here in the united states. but the problem is that we're kind of reaching a point where privacy is becoming a luxury good. and i think that's really dangerous. i certainly think there could be a marketplace where companies can compete against each other, who has the best privacy features. maybe choose this social
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network against this one because more protections. but it should be available to everyone. gerri: i don't like the way they charge me for everything either. the little bills are annoying. the comments on my credit card bill are annoying. this is very confusing. why don't they make it clearer? >> we live in this digital era. when i checked my at&t bill last month, it was about ten pages filled with pages with nothing. companies are hiding fees. obfuscate. we should demand better. gerri: jeff, can you give me a solution on any of these? a quick fix that will make my life easier? >> well here's one thing you can do. one thing we haven't talked about yet that's on our list is passwords. a giant headache. bane of our lives. they don't do a good job of protecting our stuff. hard to remember. i recommend a password manager. it isn't the final solution.
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computers should be smart enough to recognize who we are when we're using them. until we get there these programs will allow you to use complicated and different passwords on every single service. that's the only way to be protected. it can help you manage all that. gerri: can you mention one that you really like? >> my favorite is dashling. gerri: okay, jeffrey, thank you for coming on. i feel better now that i've vented. so that's something. right? >> any time. gerri: we'll be right back.
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gerri: did hillary clinton jeopardize national security by keeping her state department emails at home? we asked the question on gerriwillis.com. 93% of you say yes, she did. only 7% said no. 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. if you don't want to miss "strange inheritance" tonight at 9:00 p.m. catch it. followed by unpacked
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hosted by melissa francis. "making money" with charles payne is coming up next. have a great night. (?) ♪ charles: i'm charles payne and you're watching "making money." tonight, not a stock of the day, the email of the day from someone that's not a subscriber of mine, but have been considering it. hey, i get pissed that chairles tells everyone to sell and wait. so within the last week, we're down 50gs. i love all brokers attitude. oh, don't worry, it will come back. when is a bright person going to say hey let's sell everything. wait it out a month or so. make even bigger profits. more than likely, i will pull the plug on 90% of my stocks tomorrow morning. pretty heavy stuff but a lot of you feel the same way. here's my reply. stupid to
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