ience set, a different perspective, a different voice a different approach. and i think on the democratic side i think we'll clearly face hillary clinton. david: best of luck to her. "the willis report" is next. liz: have a good night. gerri: hello everybody i'm gerri willis and this is "the willis report," the show where consumers are our business. a warning about a new financial crisis and how the government will make it worse. >> what we're going to see now out of jamie dimon is a guy that who is going to resume his mantle as the spokesman for responsible banking. gerri: america turning its back on the stock market despite record highs. we'll investigate the real reason folks are not investing. also, our users guide to taxes. tonight how to avoid the dreaded irs audit. the reviews are in on the apple watch. >> with digital touch we developed a entire new way for you to connect intimately with others. >> it fits your wrist but does

it fit your life? all that and more combing up on "the willis report" where consumers are our business. tonight we're asking the question is big government the answer, and if so which republican can actually deliver a smaller government? with us now former senator scott brown. also a fox news contributor. and patrick brennan with "national review." patrick, start with you. you're here on set with me. so jamie dimon, biggest bank ceo in the world really talking a today about big government and how it is harming his institution. how did you react to his words? >> well the point he was making specifically was, if we have, if we have new regulations on banks, require them to hold more capital than they have in the past than the market might demand it will create unintended consequences in a financial crisis. may make a crisis less likely. but when a crisis happens it will restrict their ability to react that has to be true in some sense. gerri: there are a lot of

unintended consequences to dodd-frank, that's for sure. he is talking about his own book here but it does make some sense. senator, i turn to you now. here is what dimon said. the banking system is far safer than it has been in the past but we need to be mindful of consequences of myriad of new regulations particularly if we enter into a highly-stressed environment. i sat back and thought about this basically he is saying that government regulators that is on their own, could create a situation where we have a financial crisis. so the very thing that is supposed to be saving us, keeping banks in line their sizes down, keeping us safe, doing just the opposite. do you agree? >> well, first of all, you have regulators now regulating the regulators. they're just trying to, many of them are trying to justify their own existence and that's potential problem. lit is dodd-frank, whether obamacare, whether epa and a lot of regulatory agencies they're creating more and more and more red tape for businesses and

individuals. so we need to have good regulations. regulations that make sense. also you have to have a congress and president that is willing to look at regulations in place and get rid of once that make no sense and make it more difficult to be flexible and nimble in the event of a emergency. gerri: we've seen this over and over again right? seen it with obamacare. seen it with the va trying to fix the va with banking you name it. many parts of our government try to apply one size fits all solution to a big problem. it never really seems to work very well. i think this is going to be a big debate in the 2016 election. patrick to you, which of these candidates do you think it going to be most able to effect change? >> well i think that there is a huge republican field that we're looking at but there are probably two clear tiers. it is fairly clear, jeb bush marco rubio scott walker have much clearer path to nomination than other people do.

ted cruz and rand paul people are excited they stand on principle. while they absolutely have a chance, their path to the nomination and presidency a lot less clear than it is for walker rubio and bush. gerri: i think one of the big questions, will the person with the most cash win? as it stands right now, senator, obviously jeb bush is doing very very well. is it always the money that talks in these elections? >> no, it's not. people -- >> if you look -- >> i think people kind of overstate that. gerri: i will come back to you. >> thank you. if you look at the way that the primary is rolling out, new hampshire where i live is actually the, obviously first-in-the-nation, is not a caucus state like iowa. and it is really, you have to go door-to-door. you have to be in people's living rooms and in their businesses. not only about cash. rand has certainly taken a stand-up there. scott walker has. jeb has only been up there i believe once in the last 10 years, give or take. so there is a whole host of

people coming in, making efforts but i don't think it is going to be all about the money in new hampshire in particular. that's really where the ball starts rolling. gerri: all right. patrick let's talk a little bit about rand paul, right? "quinnepiac poll" puts him ahead of hillary clinton in iowa. here is today in south carolina, talking about our issue today, big government. >> in 1964 ronald reagan warned of the dangers, the dangers of ceding our freedom to a little intellectual elite in a far distant capital, who think they can plan our lives for us better than we can plan our lives for ourselves. the washington machine that gobbles up our freedoms and invades every nook and cranny of our lives must be stopped. [cheers and applause] gerri: well, that would seem to be what i'm talking about right? here he is talking about how smaller government is better and he's the libertarian. this certainly appeals to his

audience. can he go further than that? >> absolutely. i think his stance as libertarian candidate is generating enthusiasm in early going. he has a core of support. but i think idea that libertarian will win republican presidential nomination is a bit of a stretch. gerri: a fascinating story, right? how far they can go, how well they can do. senator, to you as you look at this group shaping up, is it possible that we'll repeat the mistakes of the last election where republican voters there was just so many potential candidates out there that the field was not winnowed. it really distracted people. and the media frankly had a field day picking on these folks? is it just too distracting to have all these people in the race? >> well i don't think so, not yet. they changed rules and format to make it clear and more advantageous the ability to get at and use money they raise and the national party raises but

here's the choice. you can have another four to eight years of president obama aka hillary clinton, or you could go even further left, almost socialism with warren and bernie sanders type of person. or we can in fact find somebody from the republican party, because we will hopefully retain the senate. we will have the house. to have the bully pulpit of the presidency is so critically important. here's the choice. i was with judd gregg and actually senator sununu last night doing an event. i asked every person in new hampshire, these are salt of the earth activists. if the person doesn't win will you support the actual nominee? tell you what it was little frustrating to the people say, yeah, i don't think so. that is the rom. that's our problem. that is our problem. gerri: that is interesting there is such a range of opinion out there. i mean patrick, what do you make of this trend? even in the democratic party, everybody thinks that the democratic party speaks with one

voice but it doesn't really. >> i think this time around they may have a bigger problem than republicans. republicans have been through a couple nasty primary fights. democrats haven't fought any of these battles. they distrust hillary clinton a lot more than we distrust our front-runners. gerri: scott, patrick thanks so much for coming on the show tonight. great conversation. now -- >> thanks gerry. gerri: thank you so much. a year after it was reporting that veterans were sicker and dying waiting for appointment, the number of patients on waiting list hasn't budged or dropped at all. associated press reported that 900,000 appointments between august and march failed to reach 30 days. ap examined six months of data in 1000 va facilities. these wait times led to resignation of va secretary around prompted congress to give va 16 1/2 billion dollars to fix

the problem. not fixed yet. the va said it built new health centers and added 8,000 employees. many of the delays are mostly in southern states. still a lot more to come this hour including why the va isn't the only messed up agency in washington. a new survey shows nearly half of americans are not invested in stocks, not at all. what is the motivation behind this? we get your reaction coming up. ♪

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at ny.gov/business gerri: more than half of americans are sitting on the sidelines. that's according to a new bank rate survey. 52% more than half of folks say they are not investing in the stock market, not at all. meanwhile today's bull market marchs on marking the fourth biggest winning streak in u.s. history. let's bring in david bock, vice

chairman of edelman financial services and a psychiatrist. we need all the help that is my opinion on this. gail, let's start with you. set up the scene here for what people mentally are going through. face it, a lot of people lost a lot of money in the selloff right. gerri: many at very time they wanted to access that money at retirement. >> exactly. gerri: what is going through your head as investor when there is market selloff of that dimension? >> fear. frankly fear is a normal human response to danger that occurred or a threat that may occur and when you have had a past trump ma you will have more fear and anxiety. that is also very normal. gerri: let me interrupt for a second. it is really rational response. if you put your hand on the stove top, you don't do that again do you? >> correct, it is rational but it can become irrational. gerri: how so? >> well you can be faced with some reasonable prospects that

fear whatever trauma happened before will happen again. to an irrational degree. paranoids have enemies. people have there are real dangers. but then the question is how hyperbole does it get. gerri: how hyperbolic does it get. david you will say you have to do the right thing right? >> when markets turn down people are fearful and think it will be worse than it actually is. that it will stay bad forever. the opposite is things look good. if you got out of the market in bottom of 2009. gerri: march. march of 2009 you missed 115% run-up. gerri: that is the dow run up. s&p is up 143%. big numbers. >> what is scary, some people got out, they're getting in today. gerri: of course they are. >> this is when the greed part comes in. i was literally just with somebody a week ago, out of the market in 2007 and telling me now they're getting back in. i think real key, investing for

the long haul. we always say it on this show. about a diversified portfolio. building that portfolio over dollar-cost averaging. investors don't invest at once. they invest every two weeks when they get a paycheck. >> some people can't invest over long haul. they are already burped. they don't have a lifespan that is long haul. those people are reasonably more anxious i will say this -- >> said something in your notes when you get older you have different attitude towards risk. >> correct. gerri: how does it change? >> you get more conservative. young people their brains, especially young adults have this sort of, it is infinite. i'm i will live forever. that is biologic. and -- >> although actually, not what we're finding with young people right now. what we're finding with young people they're becoming conservative because they see their parents get hurt. >> correct. gerri: but also what they told surveys surveyors is that they don't know enough. so there are people --

>> that's right. gerri: i'm scared. people say i don't trust the system which is also a concern. >> right. gerri: people say -- >> that is cultural phenomenon going on right now, right? we in the country have lost trust in a lot of systems. that is new for institutions. that is something this young generation is facing that the prior generations did not, that will affect their invests. >> here is one of the key things. we're talking about older people, we talk about older people, depends what older means. if you're over age of 65 you're investing conservatively, sitting in cash you're earning less than inflation. your money you will go broke safely. someone who is 65 today mass a 50% chance of living to be in their 90s. the fact is, 65 no longer is old. i would absolutely say it is young. and what we're seeing is there is a paradigm shift. a realization people who are over the age of 55, actually need to be investing a little bit more aggressive than they have in the past because they will -- gerri: live longer. >> 10 15, 20 years longer.

>> that is age span being different. midlife isn't the same and old age isn't the same. that does shift the conservatism paradime. gerri: you talked about middle age folks healthy and middle-aged olders folks. what about millenials, they're telling surveyors i don't know anything about that so i won't take the risk, right? >> i saw the survey. i want to look at employee benefit institute. they have the most research on retirement accounts. here is what i found studying for the sessionment today, 65% of the money in people under the age of 30, they're putting 65% of their money in the stock market. this survey saying that young people aren't putting money in the stock market -- gerri: that of people who are invested. >> those who are invested. gerri: what would you tell millenials who say i don't know anything? it is probably true, right? they don't know that much. >> first of all it is absurd to say you don't know anything. everywhere we turn people say pay yourself first.

use your 401(k) plan. saving automatically. people use retirement accounts but mistake they're cashing them out. 40% are cashing them out. >> helicopter parents. kids are not knowing anything because their childhood is extended because their parents are doing everything for them. they don't actually know even though you could say they should. the american dream no longer seems feasible. so they don't have a trust, a faith that they can just work hard. just learn the information and can just get it. gerri: they have to do it, fail gail. the reality it is on you. >> young people buy brand new iphone. the moment iphone -- they're lining up to buy the iwatch. fine. go buy apple stock. buy an index fund with apple. gerri: sound a lot like charles payne. >> not just that complicated. it isn't that complicated. here is the thing. gerri: you can make mistakes when you're young. >> helicopter parenting i will talk about helicopter

parentings. my father forced me to put money in ira account at 23 dad, thank you. you know what today, i have a very large ira account because he forced me to save money at young age. gerri: got you guys going. >> gerri, good to see you. gerri: we want to know what you think. here is our question tonight. why are people not investing in the stock market? no money or no trust? log on to gerriwillis.com and vote. i will share results at end of tonight's show. coming up later in the show we'll look at the day's other stories. up next our use ear's guide to taxes, what do do to avoid an audit and the irs sends you that letter. ♪

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gerri: we're down to six days, tax day less than a week away. as you scramble to file your taxes the thought of audits might be sending chills down your spine. more than one million unlucky filers received that dreaded audit notice. how can you avoid becoming one of them? here with red flags you need to be aware of. dominic tavella. so nice to have you here. before we delve into this, i want to share news with you to get your reaction. there is an inspector general report out tonight, moments ago as a matter of fact, the irs is taking 28 days better part of a year, to resolve identity theft cases. people are having refunds stolen and identity too. taking a heck of a long time to fix. once more the irs is making mistakes when they do it. your reaction? >> incredibly nightmarish problem that the irs hasn't

figured it out to resolve. we see this literal a year to resolve. they said this is my real return, i didn't file the one you have on file is a huge problem with no see solution in sight. gerri: we have a long way to go on that. let's get to the audit because some people are getting audited this year, that's for sure. how likely it is somebody will be auditedded? >> for the average american out there the average taxpayer probably never see an audit. probably never even hear from the irs. if you think of simple w-2, mortgage statement, filing that is not what the irs is looking for. that is typically not what is an audit candidate. average american will never see an audit. gerri: people are saying, well, gerri, this is the year to cheat. lie at margins or cheat a little bit. i say no because the irs can go back. they're just not going to look at this tax return. they can go back and look at other years. >> there is no way i would every

condone anybody ever cheating. think it is foolish being honest about that that is stupid. when you add in interest and penalties when they catch you it really become as losing proposition. gerri: they can go back as -- >> three years. three years. gerri: says on website, six years. in some unusual cases. >> if they suspect fraud they can go back theoretically forever. that is dumb. gerri: get to some audit red flags. what is interesting some you can control, others you can't. if you make a lot of money you're in the cross-hairs. >> it is silly, if you make under $200,000 a year less than 1% chance of getting audited. if the number goes up to over a million, the percentage triples. if you make over a million dollars it is up to 10% probability that you can get audited. clearly the irs is not stupid. they go where the money is. more you make more likely you will get audited. gerri: a lot of people, they use miscellaneous business expenses to get rid of a raft of issues.

what do you say to that. >> look, there is a laundry list of things the irs looks for. amongst the top of the list is the deductions and how are those deductions relative to your income and your job description. so if you're a plumber and taking trips to at that heatty for research, you will have a problem. got to keep your deductions in proportion to your income. but also in proportion to the kind of job that you do. gerri: of course if you fail to report all income, for some people, this is easy, this can happen quite easily. >> can happen by accident. this drives me nuts. when you get w-2 or 1099 in the mail, means the irs got the exact same thing. so the idea, oh i will neglect to put this on my return, stupid foolish thing to do. gerri: all right. one of the interesting things you brought up in the break we were talking about this, so a lot of stuff with the irs is automated. they're using computers to figure out if you fall out of average parameters what most people do totally different,

say with charitable deductions you could get audited. >> they had to make up for lack of manpower, other things. they're sending out awful lot of letters. those letters come basically this two buckets. hey, your numbers don't match up. you didn't report interest or didn't report a w-2 income but other one is, that was your charitable deduction appropriate? did you document it? do you have the proper forms? did you take a mortgage deduction? let me see 109. they want to see the 1098. they're asking for documentation on things that are a little bit out of the norm. they're doing it all by computers. computer sends out mail. next thing you're dialing on the phone good luck talking to real person. gerri: if you have to have that conversation find someone to represent you. >> one piece of advice, if you get to the point where you actually have an audit number one, don't panic. number two, make sure your documentation is all in order. that is really what this is about. number three call a professional. this will cost you a lot more in

the end if you doen't resolve this appropriately. gerri: dom, great job as us. >> thank you. gerri: we wrap up user's guide to practices with ideas to protect your wealth. the ideas you can use to shield and grow your wealth under today's massive tax burden and biggest tax mistakes wealthy people make. nhtsa may open the investigation into jeep gas tanks. we've been telling you about the gas tanks. they can cause fires in rear end crashes. former nhtsa head joan claybrook who appeared on our show earlier this week called for the cases to be reopened. >> i think it is time for the government to take another look at it. they have a million things to do at that agency for auto safety. and so it is really ridiculous for them to have to go back and do this all over again. gerri: turning now to gm, it will stop making the current model chevy volt because of dismal sales. gm says it will start work on all-new volt late they are year.

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♪ >> welcome back to the willis report. in a moment, a look at the soon to be released apple watch. but time now for a look at other stories in the news. iran is warning its allies and saudi arabia their airstrikes in yemen are a mistake and called for a cease-fire. this as the islamic republic says the destroyer and another naval ship have been sent to yemen as part of an antipiracy trade. the us strengthens support. in all, there were 268 perimeter

security breaches since 2004. including hopped fences gate crashes and stowaways. airports say it's impossible to keep all intruders out. but breaches are relatively rare. deliberations are still underway in the trial of aaron hernandez. two of the 12 jurors told the judge they were being followed by a local tv station. a tv man has been banned from the court. hummus is being recalled because of possible listeria contamination. it affects the 17-ounce six packs. those are some of the stories in the news tonight. a jury will hear evidence next week to decide if dzhokhar tsarnaev should get the death penalty. he was found guilty of all 30 counts. but how many other would-be terrorists might be living among

us? blake from d.c. blake, do we know how many other people are out there who would pose a similar threat? >> the department of justice provided a fresh reminder earlier this morning about how the fight against terrorism is both abroad and here at home. they announced the arrest of a 34-year-old man from madison wisconsin. joshua ray. they picked him up at chicago's airport after he flew back from turkey. he flew to and from the middle east trying to provide support to isis. over the weekend the head of the department of homeland security jeh johnson said while his department is able to track those who fly overseas and come back, he also admitted, gerri, quote, you can't know everything. gerri: wow. well, how well is law enforcement keeping up with this threat? >> it was just a couple of months ago in february that the head of the fbi james said

that at that point in relation to isis, there are active cases in every single state. a counterterrorism expert we spoke to yesterday said part of the big problem is the looming threat online. the terrorists know this. they are seeking people out over social media and over the internet. he said they're looking for people there. >> the us government is not very good at this right now. the good news is that they recognize they're not very good at this. and they're trying to get better. again, this is a very complicated environment when you're dealing with issues with privacy and freedom of speech. you're dealing with issues, you know, with public companies that are us companies, international companies that own these types of technologies that are being exploited by the terrorist groups. >> and, of course, one of the targets here is the younger generation. according to our fox news research march 2014, 25 months, there have been 12 teenagers teenagers now that the feds have caught up with that they say have been seeking

terrorist inspiration, gerri. gerri: wow. blake. what a story. you're hard to hear, but i think we got it. thank you for coming on the show. when we come back live at the masters tournament with anka. advice on keeping your family safe with smoke alarms and carbon ma knocks i'd detectors. here's your consumer gauge with the numbers that mean the most to you.

gerri: two separate, but similar tragedies leaving many in mourning recently. police in maryland say a single father and his seven children were found dead in their home due to carbon monoxide poisoning. the father was running a generateor inside the house to keep the house warm. a house on fire in

brooklyn killing seven people inside over the jewish sabbath. the home had only a single smoke detector in the basement. it highlights huge deficiencies across in homes across the country. tom, thank you for coming in. money pit. this is troubling, you say there are solutions obviously. let's start with the brooklyn story. there was one single smoke detector in that house. is that the right thing to do? >> absolutely not. i mean, the national fire protection association recommends that you have at least one smoke detector in every bedroom. one outside every bedroom sleeping area. so one in each bedroom and one in each hall. and one each floor. multiple detectors in each home to be protected. >> there's a little dirty secret about smoke detectors that people don't understand. >> there are two types of detection technologies. therethere is ionization

technology. >> you have two kinds. one is smoke and one is open flame. >> you don't know what kind of fire you have. if you have a couch that catches on fire or an electric cord across your carpet it could take 15 or 20 minutes for the detector to go off. >> i think people find carbon monoxide so frightening. you don't know it's there unless you have the right detector. 433 people dying each and every year. people have minutes to get out if it's a problem. >> many sources of carbon moroccos. carbon monoxide. it robs your blood of oxygen. it kind of is like the flu. one on every floor of the house every detectors. i like the digital type of detector. you can see what's happening. see what levels the carbon monoxide levels inside the house. one thing is important to know and a key difference, when a smoke

detector goes off, you see the smoke and fire. carbon monoxide is orderlies. order less. get out of the house and believe it. (?) let's recap. what do you need in your house? >> with smoke detectors. one in every bedroom. one in every sleeping area. one per floor. there's a type of detector called a dual sensor detector. that covers both ionization and photo photoelectric. you have both covered. >> this is a fire detector. >> and carbon monoxide detectors one per floor. if you can only afford one, most people think you should put it in the basement with your furnace. wrong. most deaths happen when people are sleeping. put it near the bedrooms. >> for people out there wondering, you know, how important is this, give us a statistic. >> well, it's incredibly important. that carbon monoxide detector goes off, you have minutes to get outside the house. 430 deaths a year from

carbon monoxide poisoning. >> great to have you on talking about this. thank you. and now we want to hear from you. according to bankrate.com, americans aren't investing like they used to in stocks. mostly because of the unevenness of the recovery. so why do you think people aren't investing? here's what you are tweeting me about our poll question. joe says this: both, gerri. fed manipulation of the market and pundits trying to convince everybody that the happy days are here again. jason writes: i bet the talk of the new bubble gets people worried. the last bubble hurt people just saying. here's what david said: i have no idea why people aren't investing. i'm still investing. in my opinion it's one of the smartest things one can do for once. inone self. be sure to like fox business on facebook. the apple watch, is it a shining star or rotten to the core? we'll have a tech guru give us the scoop. then we head to augusta.

stay with us.

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and start gathering the information you need to help you keep rolling with confidence. go long™. ♪ ♪ >> it's an important day on the calendar. round one of the 2015 masters at augusta in georgia. now, much of the attention is on tiger woods and rory. we'll cover the latest with hall of fame golfer anka. we really appreciate it. so i hear jordan spieth is making a move already. tell me about that. >> well, he really is. i mean, what a phenomenon. twenty-one years old. leading the masters. the youngest ever to be leading the championship. he's playing some exceptional golf. >> he's so calm.

he doesn't look like he gets nervous or anxious. it's astonishing to me. i see him get down on himself sometimes when he's not playing well. if he's playing well mentally, he's just amazing. tell me about tiger's performance so far. i know a lot of people are thinking about tiger. >> he's been the big story all week. very nice to see him back on the golf course. i think we're wondering how will he play? how will he rebound from what he saw last time? overall, i think he's doing quite okay. i mean, he's hanging in there. making a few birdies on par five. a few mistakes out there. overall, i think he's playing better golf than a lot of the golf fans expected. >> so i guess he's one over. he's eight strokes hinn behind the leader at this point. i hear he's brought an entirely new attitude to this game. kids out with him. really relaxed. is this the new tiger? can we believe that? >> i guess we have to see long-term.

but yeah, this week, i think he's surprising a lot of people. it was great to see his kids. charlie and sam caddying for him. smiling. hugging people. totally different tiger. saying how much more important this tournament is for him. how excited he's to be back. he's worked extremely hard the last few months. you can tell. he's showing up with a different game than when we saw him last. >> bubba watson. kind of expected more today. what's going on? green jacket twice. >> he's still on the par. this is just round one. three more rounds to go. the scores have been pretty low today. conditions have been great. i mean, very little wind. course is in immaculate case. but bubba don't count him out. he's playing well. probably the hottest player coming into this week. i expect him to have a

really good round tomorrow and even the weekend. it will be really exciting. gerri: do you think this fits his game? this course? >> oh there's no doubt. i think the last few weeks, people are talking about how this course favors, you know think mike has won here. phil and, of course bubba. talk about the different shots. different holes play differently for a left hander. i really think so. don't forget his distance. one of the longest hitters on tours. this golf course is for a long hitter. >> it's crazy to watch him play. so fascinating. totally different from everyone else. i have to ask if you saw jack in thisjack nicklaus hit that hole in one in the par three contest. did you see that firsthand. >> i was out there. heard the roar. certainly saw the highlight. what a great story to see him out there. of course, the big three hitting the tee shots to kick off the masters. it's just --

gerri: tell us a little -- >> so much tradition here. just love it. gerri: tell us about that tradition. we don't get to see that until we see the replay. tell us what that's like. here you have these legends come together and start the masters. what's that like? >> well, it's incredible. you should see the turnout on the first tee. 7:30 pammer. jack nicklaus show up to hit the first ceremonial first shot. you don't see fans. you see players come out to show respect to these big three. it's phenomenal. the tradition to the masters and, you know, what it does for the game of golf. gerri: you know, i hear even the big guys come out to watch that. those opening tee shots even if they're not on the course for hours. everybody comes and watches. a little teary eyed because people get excited about it. the masters is a different kind of tournament than almost any kind on the schedule. tell me about what it

means in the calendar year. >> well, first of all, i mean it's the first major for the men. i mean, this is really -- you know, it's so much tradition. so much history. and it's so special. just walked around here on the grounds. the holy grounds of augusta. it's just -- there's just nothing like it. obviously you have the best players in the world. and it's such an elite field. everybody in golf is here. everybody in the industry is here. you see all the golf manufacturers are here. sponsors are here. i mean, i'm lucky to be a guest of three. rolex to mention a few. everybody is here in the industry. what can i say? just really kicks off the season and now when tiger gets back, there's so many stories obviously with rory. don't forget him. he's the number one player in the world going for a career grand slam. >> right. >> what can i say, it's just a terrific week? >> thank you so much for joining us. we're lucky to have you here. i'm super jealous of what you're doing today. thanks also to the fox

sports folks for helping us up with this shot. enjoy the competition. >> i will do that. thank you very much. >> thank you. and moving on to the much anticipated apple watch. it's apple's first new product in five years. will be made available to the public soon. should you buy it or hold off? tech reporter jeff tried it out for a week. love it, hate it, what do you say? >> i have been surprised by how much i've had with this thing. i plan to buy one of my owns but one of the cheapest ones. gerri: because there's a huge price range. right? you can pay 1,000 bucks. 17,000 bucks. 500 bucks. tell us about the watch you have and what it was like wearing it this week. what did you learn? >> sure. so i've been wearing the -- the apple watch steel version. the dad watch. it looks like the one my

dad wears. when i first put it on i was skeptical. i was thinking, do i need another thing in my life? now attached to my body buzzing and blinking all day long. here's what i learned it's not just an iphone on your wrist. it's something different. it's a very specifically designed screen for doing very quick things. there's all sorts of things that you can do with this that take under five minutes. making sure you don't miss a message from a vip like mom or paying for something in a store or quickly dictating a message. even without pressing any buttons at all, i can lift my wrist and say set a timer for five minutes so i don't overcook the pasta. just like with the ipad where there are certain things you can do with a different screen, there are things you can do much faster much more efficiently when you have a screen on your arm. >> where there downsides? give us the full picture here?

>> of course. so this is a first generation device. thicker than i'd want. not so bad. can't see it great in direct sunlight. the biggest problem at all, there aren't that many apps for it yet that are compelling. this thing isn't out yet. i'm sure it will come with time. we need to let the developers out there imagine what the possibilities are of what you can do with a tiny computer on your wrist than may be better or faster than a phone in your pocket. gerri: so you can preorder this thing starting tomorrow. they're accepting expecting it to sell out. let's work through quickly. there's the apple watch. 549 to just over $1,000. available in 20 models approximate. is that20 model.is that the middle ground. >> there's the sport edition. then the fancy edition. the golden luxury. the important thing that viewers need to know.

all these watches are basically the same. they've got all the same technology. they all do the same things. what you're paying for is the finish. you're paying for the band that you can switch out later. all apple products will become obsolete sooner or later. in a years time, it will look, whatever new will look a lot better. so i'm going to enter right now with the cheapest one you can get. that to me is the front row seat to see what will come next with the technology. >> thank you for telling us about it. we'll be right back.

gerri: according to a bank rate survey, more than half of americans are not invested in the stock market. why is that? well we asked on gerriwillis.com. 51% said no money. 39% said no trust. be sure to log on to gerriwillis.com for our online question every weekday. 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 is coming up next. have a great evening. we'll see you right back here tomorrow. ♪ ♪ charles: i'm charles payne and you're watching "making money." false starts and the anxiety of the markets have really marked the action over the last three days. the dow, believe it or not, locked in a tight range. 150 points. look how crazy that 150 points were. today ex-emreplyifies it all. the job claims not too good. we started to rebound. we spiked really good into the close while the broad market is marking time -- one name is altair a. intel pulled their takeover offer only to see the rumors come back. the stock made a huge move to the upside. (?) no doubt at all that this market is setting up itself for a huge