tv The Willis Report FOX Business April 2, 2015 5:00pm-6:01pm EDT
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hyundai america motors ceo and president. >> spectacular the u.s. is so generous with corporate funds and glad you are spreading that around the world. great news. it is time for "the willis report." hope to see you back here tomorrow. >> we'll both be here live. see you tomorrow. >> hello, everybody. i'm gerri willis, and this is "the willis report." the show where consumers are our business. newly uncovered documents show primera blue cross was warned weeks before the health insurer was hacked. >> primera was hacked in may last year. it found out in january of this year. gerri: cybercrooks stole the identities of 11 million people. california sweeping statewide water restrictions. >> the idea of your nice little green grass getting lots of water every day, that's going to be a think of the past. gerri: is california's devastating water crisis man made? we'll examine the evidence. also a dramatic end to the nation's largest school
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cheating scandal. up to 20 years in jail for some educators but did federal testing rules create the culture of cheating. how to protect your family from the hidden dangers in your home? all that and more coming up on "the willis report," where consumers are our business. premera blue cross the health insurance company hacked last year was warned ahead of time about the risks weeks before they were in a cyberattack. the revelations come from newly disclosed federal documents and show a government audit listing several areas in premera's system that could allow hackers in the back door the front door, the side door and in they came, stealing the identities of 11 million people. with us now adam leven, co-founder of identity theft 911. welcome back. >> thanks gerri. gerri: look at things that the federal government said hey, you've got problem, what did they do wrong? >> sad there are issues with
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data center in terms of access and control over access. there were issues with outdated software, that wasn't supported by the makers of the software. gerri: let's be clear when you have outdated software you are not getting security patches it's easier to breach. >> where patches were called for they weren't applying the patches. and the biggest problem was that all of the vulnerabilities, what allow privileged access. people should only be allowed into a system to do what their job is with privileged access you get access to oftentimes the whole system or certainly areas you shouldn't have access to, the data in particular. gerri: social security numbers stolen and this, of course, is the dna of a person's identity. their social security number. the reason the feds knew about this is there were federal government employees covered by premera. >> 130,000. gerri: health benefit program was part of. this you said that it's target
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all over again, but it's worse than target? >> this is worse than target. that other is credit cards you make a call change a number, it's annoying the second target database had a little more information. this had everything anthem had and more. it had all of your personal identifying information as well as medical claims information, so not only could you be subject to every form of identity theft you could fantasize about. you also could be subject to extortion because they knew the kinds of treatments you were getting and could use that against you. gerri: extortion, it's worse than that, if they were to combine your medical history with somebody else's they could go into an emergency room and the doctor could give you something that could kill you. >> if they had what anthem had, that would be enough to do medical identity theft here, it's more. so why, your files could be commingled. blood types could change. allergies could disappear. gerri: imagine, if you couldn't
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speak for yourself and you're in an emergency room and the doctor's going through the information that is not yours. it's somebody else's. you could get a diagnosis, drugs that you might be allergic to anything could happen. other problems with the system the passwords were weak, this is from the audit. several servers contained configurations that could allow hackers the escalated privileges would grant the hackers unauthorized access to sensitive propriety information just as we have seen. here's what gets me. this isn't coming out of the blue, target's already happened. scores of retailers have had private data stolen. we've seen other hospital systems compromised. what was premera thinking in leaving the back door open? >> the problem is what are all companies thinking? there is not enough attention being paid to cybersecurity issues in this country. we are slowly now getting legislation out of congress
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that's like pulling teeth. the president does executive orders and so if you're going to put sanctions on cyberterrorists. what good is that going to do for you if you're dealing beyond the reach of the u.s. >> good point but but, corporate america needs to sit down and make the investment. you are know it's all well and good to tell washington to write legislation, but corporate america needs to take the responsibility, take the ball in their teeth and do what needs to be done here. >> and it hasn't. and that is the problem and we don't know when people are going to finally get the memo. if they continue not to get the memo, what's the ultimate situation here? our personal identifying information, our pie, as it were is out there. and the pie is the limit when it comes to breaches. we are all exposed, social security numbers are out there. just since january almost 100 million social security numbers have now been exposed to people with unauthorized access.
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that is terrifying. gerri: it is terrifying. company's needed to make it right, and that means spending some dough. i think that might be what's holding everything up. adam, thanks for coming on the show. >> thanks for the invite. >> the other big story the severe drought in california 24 hours after governor jerry brown imposed statewide water restrictions, folks are putting the crisis on politicians from sacramento to washington. with us now california assembly republican leader chris olson and mark standriff spokesman for the city of fresno. welcome to you both. great to have you here. i look at headlines and i think goodness gracious how far down the road have we gone. kristen, i want to start with you, have you told the governor to his face that what he's done is wrong. what are you so upset about? >> you know part of the problem is we're certainly suffering in california from the lack of rain and snowfall but the serious drought that
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we're in today is also due to decades of policies from the federal and state government that have prioritized fish over people. we've had food bank lines in california especially in the central valley because of the bad policies and our state water agencies have to wake up. our federal agencies have to wake up and start prioritizing human lives and getting water to people who so desperately need it. gerri: mark, talk about the impact in fresno. it's been hard hit. what's going on? >> you know, actually fresno is very fortunate in the fact that we've been the leader in water conservation for over 20 years. we've had two day a week watering system in since last year. we've reduced consumption over 27% over the last five years. but our problem isn't so much the water, it's the infrastructure. the same thing happening statewide. 40 years ago when we had the last big drought in the central valley, we decided to stop thinking about ground water and think about getting access to
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mountain water coming down, used to treat and be able to put that into the system. unfortunately we kept kicking the can down the road to the point where we had a plan to build a water surface treatment plant that never got done until this past february. the problem is not so much water as it is infrastructure -- gerri: all right, get back to kristen for just a second here. we've seen congressman kevin mccarthy from california, talked about the lack of reinvestment which i think mark is talking about here. kristen to you he's called on congress to build water facilities storage facilities which is what i think you're interested in. and said the democrats oppose him because they think that building these things will cause global warming. what do you say to that? >> we have got to get the projects out of government red tame. they've been hanging there for decades. water storage projects desalination projects water recycling projects that will
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increase water supply that is needed in california. and one of the things i'm pleased about in the governor's order is finally agreeing with us and saying we have to get them out of red tape into construction, it's long past time to expedite. gerri: what about the political spin on this kristen? what people are saying, i saw this in the "new york times" today, it's all about global warming california is the victim of global warming, and if we try to do anything about it, build any facilities it will exacerbate that problem? >> you know the good newscy think that story that narrative changing in california. nobody is denying the fact we for a very serious drought situation, and we have to be able to increase water supply in order to address it. gerri: okay. >> voters passed the water bond last year the financing is there and get rid of the government red tape holding it all up. gerri: mark to you, i used to live in california and shocked at the amount of produce
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everything from oranges to corn to beans to tomatoes you name it, all comes out of california. when you guys suffer all of america suffers. our prices will go up. impact is huge is it not? >> when you've got a $7 billion industry directly related to how much water it can use, absolutely. we're all concerned about that, that's why from our standpoint everybody not just in fresno but around the state should look into the opportunity to build the infrastructure that we need to have the storage so whether it's replenishing ground water supply or having surface water in storage, these are all things that every community has to take a good hard look at. we can't look at mother nature. gerri: kristen to you, these are 25% water restrictions but on people who are using the local facilities. from what i understand there are private networks that the big farms use. is it just consumers? is it just regular people with yards who are watering yards who are impacted here? who's getting impacted?
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>> actually all californians statewide are impacted. this is a statewide problem and all californians have to do our part to conserve and be part of the solution. agriculture has taken a $2 billion economic hit due to the drought, over 17,000 people in agriculture out of work. it's affecting all businesses all industries all communities, and we all have to work together to be part of the solution. gerri: one of the eye-popping visuals on this is a picture of lake oroville before and after the drought, if we can get up that. that's amazing. take a look at this. that's how big this is. that's how important this is. congressman kevin mccarthy, they mentioned before the house majority leader saying sacramento and washington have chosen to put well-being of fish above the well-being of people by refusing to capture acres of feet of water for use
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during dry years. seems like the solution is simple. i bet it's not inexpensive. kristen and mark, thanks for bringing us the story. >> thank you. >> thank you. gerri: news breaking late this afternoon you may have heard the u.s. iran and five other world powers announcing they reached a framework for a deal on iran's nuclear program. those involved say it sets them up for a more comprehensive nuclear agreement by the end of june. so it's just a step, but that's not stopping the administration from declaring victory. secretary of state john kerry tweeted there was a deal to resolve major issues on nuclear program and president obama called it historic. >> today after many months of tough, principled diplomacy, we have achieved the framework for that deal. and it is a good deal. a deal that meets our core objectives. this framework would cut off every pathway that iran could take to develop a nuclear
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weapon. gerri: he went onto say the deal would make the u.s. and the world safer but still has to convince not only congress but the american people. since according to a recent fox news poll only a third of americans approve of the job he's doing in iran. still, a lot more to come this hour including a new report how few college applicants given to ivy league schools. and a cheating scandal comes to an understand in one of the nation's biggest school systems. we'll have details on what nearly a dozen atlanta educators really did and why? and we want to know what you think, tweet me at gerri willis@fbn. we'll be right back.
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11 defendants are awaiting sentencing in jail tonight and could face 20 years in jail. but is the government also at fault by incentivizing teachers to cheat? we're asking fox business' charles payne host of "making money" with charles payne. we talk about you every night. >> thank you. gerri: 11 defendants. this is some of the most dramatic stuff you've seen in the courtroom. all of atlanta was transfixed and broke into regular television programming to carry the judge's sentencing live. it was amazing. who do you blame here? >> the teachers absolutely. listen, i don't blame the government, i think we should have some sort incentive base pay out there. meritocracy system out there that incentivizes and rewards good teachers. i think we've got this whole thing now where i was involved with the school system from a charter school point of view, and i can tell you right now, the exteachers that we initially hired from new york
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city were all -- they had no incentive, no get up and go they just oo automobile me everyone starts off ideological, they think it's going to be great they want to help the kids. gerri: that comes to a big end. and this, these people would take, they would put gloves opencils and erasers, erase the answers, this is a conspiracy that went on for years. >> we're talking about principals doing. that the ringleader was apparently the school superintendent. she made over half a million dollars in bonuses. gerri: a lot on the line. >> a lot of cash. if anyone got out of the line, there was physical intimidation. gerri: this was a bad situation. >> it was ugly. >> i want to you hear the judge today. he's been on the case for a long, long time lots of people who are admirers of his. listen to the judge. >> we're going to have to take everybody into custody today. and i am sorry. i from the day i got this case
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i pleaded with people to evaluate it seriously, and now the rubber has met the road. gerri: people were shocked and you heard him take a breath when he said nobody's going home tonight. forget about that, we're putting you in jail now. >> facing 20 years, if they didn't take it seriously, i hope they take it seriously. there are other states where things like this might be happening. gerri: the gao saw 40 states where there were issues like this. and we're talking about everywhere, washington all across the country where this cheating is going on. >> makes it more egregrous is when you have parents send kid to school. who has more of our trust with our children than teachers. we believe they will educate them and keep them safe. this is the exact opposite. they used the kids to fatten up wallets passing them along with less skills and entering the work world with nothing. it's absolutely amazing. one of the worst things you can
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do is abuse your position as a teacher. and they did. gerri: they absolutely did, and made atlanta the poorer for it. thanks for coming on. >> you got it. gerri: don't forget to watch charles on "making money" at the top of the hour coming up. here's our question tonight -- later in the show, a warning about hidden dangers in your home. and next, a free ride in an ivy league school. the latest offer from stanford. don't go away. the real question that needs to be asked is "what is it that we can do that is impactful?" what the cloud enables
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higher. one well-known university is trying to make it more affordable for students. stanford university is make tuition free, free for families making 125,000 or less. but what will happen here? will it work? bob frantic senior vice president of the princeton review is here. and author of the book colleges that pay you back. free? okay, do they really mean free? is it my room, my board, my books? >> it is the right question to ask. not technically free for every family that earns 125,000 or less. but tuition the raw sticker cost for tuition is free. gerri: $45,000 a year. >> 45,000 solid. families making $65,000 or less, it is completely free. it is free tuition and board. gerri: here's what shocks me more then it's offered to people who earn 125,000 or less. so this is like three times the
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median income in this country. this is astonishing, not even affordable by people who are high income you know. >> when you think about a heart stopingly expensive sticker price. $65,000 is a tough nut for any student and family. sends a lot of fear. what i like is it's trying to diffuse fear and providing better access for more students. >> this is not completely unusual. harvard and other schools have similar programs. what do they do? >> not as highsa the price point of 125,000. gerri: $125,000 i can't get over this. >> it was 100,000 in 2015 and moved to 125 for 2015. other superlative schools as well. gerri: this may not be as great as it sounds. stanford is admitting only 5% of the people who apply, right? >> toughest school in the land. beating out harvard by couple
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hundredths of a point. it is a superlative group of students as well as any of this cohort of schools. but tough to get into, financially should not be an issue once you get in. gerri: we talked about some institution at 4500 or so out there having financial problems. and you want to avoid them. now the whole reason that a school like stanford can do this is a they have a massive endowment. how big is the endowment and how can a mom or dad find out how big the endowment is of the school they want to attend? >> this is a massive endowment at 21 million dollars that's where they have the wherewithal. other schools have the deep pockets. if you can make it for the average family to better afford college. other schools don't have the wherewithal. gerri: how can i find out? >> we list the information on
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the princeton review.com. there are many sites from the government as well as the school that will cite an endowment. gerri: what's a big number? i don't know. >> that's where you have to drill down how they are using the endowment to profit a regular student. how much are they giving out for need based financial aid and merit based financial aid. gerri: great instructions, rob, i'm sure moms and dads are listening all over the country. a programming note on "strange inheritance" a landmark on the highway to las vegas, a decrepit 134 foot thermometer next to a once bustling restaurant. find out if they can restore both to form floory. melissa francis unpacks the episode for fans dying to know like this one. >> at that time where he was selling his franchises, and he asked my dad to you know, get involved with that, and this is
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pfr my dad had done too much, and my dad respectfully declined and basically said he didn't think take-out fried chicken would ever work, and he always teased us and said that was probably not his best business decision he made. gerri: if you can't get enough of "strange inheritance," you'll love unpacked starting tonight at 9:00 p.m. eastern time. don't miss it. coming up, the ceo of the company behind easter's most popular treat, peeps! we have them here. that's right. and marriage is supposed to be for richer or poorer, we're breaking down a revealing new look at what happens when people marry outside their class? ♪ ♪ ♪ (under loud music) this is the place. ♪ ♪ ♪ their beard salve is made from ♪ ♪ ♪ sustainable tea tree oil and kale... you, my friend, recognize when a trend has reached critical mass. yes, when others focus on one thing you see what's coming next. you see opportunity. that's what a type e* does.
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money but now a look at other news. they discover -- announced the discovery of the second black box, but possibly useable. >> 147 people were killed in a terror attack on aikenia university -- kenya university, he went room to room demanding to know if those inside were muslim or christian and shot the christians on the spot. >> two women in new york have been arrested for trying to make a homemade bomb, there is evidence that women looked at isis propaganda on-line. officials say that the public was never in danger. gerri: new jersey senator
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menendez has needed not guilty since being indicted yesterday. senator said he will be vindicated. >> and those are some stories in the news tonight. gerri: think about this one can you mary successfully outside your class? an article in wash wash post walks through a litany of challenges that couples face when the spouses have an opposite background. we're asking david bach. author of book, smart couples finish rich. i don't know of another thing in the world that couples argue more about than money, if you have different relationships with money growing up, i don't know how you over come that. >> it is a huge problem this article talks about social class issue. if you come from different social class you believe in money differently you will
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fight potentially get divorced, it comes down to how were you raised financially we tend to do what we saw our parents do. if your parents were safer you saw them talk about retirement, chances are you will do the same thing, if your parents were spending money all of the time, we often recreate what your family did. if you marry your financial opposite and you don't fix it, you end up divorce. gerri: can you fix it? >> >> here is what you do. they actually sit down, and talk about money. they start -- they go beyond fighting about the bill. they talk about their fears you take a couple who is fighting over money here is what i'm afraid of. i am afraid we'll going to bankruptcy, and then i'm afraid
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you are never going to lets you have fun they compromise, they hire a financial advise oar or. gerri: someone negotiates and hears both side. >> a lot of time savers want advisor to tell spender stop spending. but sometimes that safer needs to learn they can afford to spend the money when the financial advisor walks through the numbers said, you can spend $50,000 a year on vacation, because have you done a good job on saving that gives that fearful person a little confident. gerri: stepping back about 5 paces. if you were a person who has been deprived all your life. you suddenly have the wherewithal to life a different lifestyle. you may step up to that life style, just because it is unknown to you. it is exciting, maybe not because your parents were spending every penny they had.
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suddenly it is open to you possible and that can be a story behind person who comes that marriage without a penny to their name, and marries a wealthy person. >> you are right in the case of this story the man who is wealthy who wanted to clip coupons, he may have grown up with parents who clipped coupons, she might have been attracted because he is rich, figuring he will spend all of his money on her but she wants a take of that now. gerri: you know, soy funny because, i think that what happens to couples they get caught in the same argument all of the time, left to their own devices. >> that is right and i go back to focus on your fear. face what you are afraid of and tackle this when you look at what couples do that is different, happily married couples, we work -- we have 26,000 households we work with,
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coupled married 40 years weaker asked, what have you done right? they have worked together as a team often very young. they started in 20s and 30s they work on a handful of goals saving for retirement, college getting will in placing doing all those core things that family need to do, their family is protected. gerri: it takes a lot of planning on the same page, and willing to hear the other person, that is difficult. you say that a lot of folks out there think that money is number one problem. is that what people identify -- self identify? >> i wrote smart couples finish rich. research that shows number one cause of divorce is fighting over money i interviewed so many of my clients who went 3 a divorce -- went through a divorce, asked that question, yes, i redid the survey, 44% said number one cause fighting money, those who are wealthez, what do they do? those who saved over $100,000,
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the key they talked about retirement as a couple, once a month, at least. >> holy cow. a real conversation, david. always so nice to you have on the show. i understand you are going on the road. >> you will see me, i am doing a tour for smart couples finish rich to l.a., detroit chicago and boston. gerri: have you all of the fun. >> thank you. gerri: a look at what to expects from tomorrow's big job numbers. then how do you do that. advice on spotting hidden dangers in your home, what to do to keep you and your family safe. but first the consumer gauge with the numbers that mean the most you to, take a look.
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gerri: here comes the jobs report although the stocks stocks is closed tomorrow for good friday. joining me now chief economist for a mond james we had 239,000 job the created in january 296 in february. and 228,000 what is your number for march? >> about 230,000. is important to realize there is a lot of statist call uncertainty behind the numbers. they are recorded plus or minute 105,000, that is a huge margin of error. we had a good string of strong numbers over the last 4 months or so, it would not be surprised to see some moderation. gerri: let me ask you is the
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kind of numbers that we've seen, 5.7, are they that strong? you look past that, you see really disappointing reporting. they are not really enough to keep americans from facing higher prices, at the stupor market. -- super market, incomes are down, people are working part time instead of full time, they are unhappy with the job opportunities presented this tome. >> you are looking at, good improvement in the job market, we went through a huge recession we created a lot of slack in the unemployment rate, with people losing jobs, a lot of those people have exited the labor forces, they are not officially counted as unemployed.
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you are seeing relatively weak growth in wages as you mentioned that is a sign there is still a huge amount of slack. but the slack is gradely being taken up. gerri: yet a fox news poll we just put out 55% of voters say they are nervous about the economy. you scratch of surface of the jobs numbers all you hear are people not satisfied with the job market, they're concerned that the top line numbers will allow politicians to take their eye off of the ball, and say the problem is fixed. but it is really -- is it really? >> i don't think so it will really be several months still before we get to really some sense of normal. again, i think we're making improvement, you will look at jobless claims, job destruction is not much of an issue. the real issue has been new hiring. we look to smaller firms for a lot of that job growth.
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if you have been -- last we're looking at that, we added most jobs here since 1999. and a lot of that strength is coming from the smaller jobs, the larger corporations may be reluctant with weakness in corporate profit, related to the stronger dollar. gerri: that is a flip side of that coin, we have first quarter, here, and the gdp growth is -- we were still not a 3 percent. it is astonishing to me we cannot pick up the case, scott thank you. >> my pleasure. >> thank you. gerri: tonight to a different stop ib -- topic the hidden dangers lurking in your home, 35 million, these hazards are linked to about a third of asthma cases 6 million injuries among seniors. how do you fix home hazard, we ask tamcome host of money pit video
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show. you really know, you were a home inspector, you have seen the worst of the worst. a long list to get through paint is your first, is that number one? >> we're talking lead paint it has not been on market since 1978, but it is in thousands of american homes, it is below the surface, when you renovate the home you expose the folks in the home to lead paint. gerri: what do you have to do? >> contractor today have to be certified working in the older homes, they are setting up barriers between working space and the rest of the house they decompress orize. >> you issue not face-to-face with that, i am worried about is mold. >> you know more of a concern today, very wet winter. second homes are tighter than they were before.
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gerri: that not necessarily good. >> good for emergency perspective, but -- energy perspective, but you are exposed to indoor mold pollutants, if you are modeling choose material that is mold resistance. for example dry wall is mold food. >> my big fear, is bugs. i do not like bugs. yet we get them from time to time we can't avoided them. >> in 20 years i spend as home inspector two homes those with termites and those who were going to get termites, $5 billion of damage every year by termites, you cannot always see them they work in the wood. they don't show themselves until you get's swarm there are treatment that can go in soil,
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they are undetectable. the termites go to the soil every two days to get water. >> more dead. >> like germ warfare for termites. gerri: i bet that is not green. but talk about water. you have scary things about water. i am in new york area, we have great water. >> we do, and thankfuly in most parts of the country a are jec showed there were -- project that showed there were trace amount of pharmaceutical in american homes never drink it right out of the tap. gerri: really? >> if you get up in morning and turn it on fill it up, when water sits in piping overnight metal with leak into it, so let it run just a little bit and use a fill tration system. >> fridge and pots and pans. >> fridge, 48 million cases of
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food borne illnesses. wash your vegetables when they diagram out of the refrigerator. there is cross contamination and pots and pan nonstick cool wear has pfc you burn that, that released in the air better off with stain less steal and cast iron and glass. gerri: i am staying at work, thank you tom. >> still to come, a stap knoll many easter baskets peeps they have come a long way in 60 years, the ceo of the company is coming in here, after the break. ♪ ♪ i want candy ♪ ♪
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gerri: easter sunday is just around the corner, that means return of the peeps here is what is new ross born, welcome back. >> good to be here. gerri: you have a lot of brand extension, new stuff. but first thing decorated easter eggs they look lovely. tell us about this. >> well, we looked to our consumers and customers and we designed it, we have wonderful people in the place that actually created the shape. the decoration, and put it on. gerri: i like the milk. >> that is a funny one. we were approached by furry farms a significant family co-op, in midwest and they talked about peep milk, i
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thought they were crazy peeps milk what does milk have to do with peeps? they did it it has been unbelievable. unbelievable. gerri: people love it. >> a beautiful product. gerri: what flavor? chocolate. >> chocolate marshmallow egg nog and march marshmallow. >> who would have thought. gerri: yankee candle,? >> just like peeps. >> a terrific partner and funny story, they needed some peeps they wanted some more peeps because they were trying to sell the candles, they sold out of the candles. gerri: awesome right there is your brand. tell me about these. >> this is we have a wonderful partnership with wilson, they have come up with all kinds of wonderful designs for baking.
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we have a longstanding relationship now going forward they are terrific for us. >> you are good at brand extension, thinking up things i did not even know i need or wanted. anything else new? i see things that i think i have never seen before. >> well, i was talking about these new chicks that are flavored lime, lemon and orange. >> that is just like --? >> well, it will taste like key lime pie. gerri: just like key lime pie. >> we have orange as well, i brought you a lot. gerri: you did. >> we're doing peeps with chocolate, and a lot of new flavors. >> how purpose is easter, what sales do do you? >> east ir, represents about -- easter represents about search out of 10 peeps we -- 7 out of 10 peeps we produce we produce 300
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miles if you put them end-to-end, a day of peep, 71,000 miles a year. gerri: you are private company. >> yes. gerri: in family. >> 92 years my grandfather started it, with his two brothers in law and my cousin and i we have been working together. gerri: live that story i hope we just down get mowed over when the staff takes a peep. >> thank you.e mark gerri: we'll be right back. our experienced investment professionals are one reason over 85% of our mutual funds beat their 10-year lipper averages. so in a variety of markets 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 pursuit of healthier. it begins
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i hope premiera is the end of it. this is my two cents more, that is it for tonight's willis report, "making money" with charles payne is coming -- right up. charles: i am charles payne, you are watching "making money." market seesawed all session law. buyers, they might have been motivated, we saw a plunge in initial jobless claims, a very narrow trade deficit, but it is the head of a 3 day weekend. volatile continues to be order of the day. you will hear more people say this is like 2007, and 2000 -- the en is near. not really quite. it is unnevering because we have become volatile, but reality circumstance over last few years, volatility has gone away. woo have gotten so spoiled that now feels lik
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