capitol. >> thank you very much, blake. we asked you, social media, what tax do you think we should kill. we are expecting the house to kill the inheritance tax. the president said he will veto that decision. we'll get your answers back up here tomorrow. >> gerri is next. gerri: hello everybody i'm gerri willis. this is the willis report. the show where consumers are our business. it's tax day, and the irs gives america plenty of reasons to hate the agency. >> customer service has been far worse than anyone would want. gerri: we'll also have some last-minute advice if you haven't sent in your taxes. has hillary clinton found a new voting block in republicans? >> she knows the broad center of this country, the leftist center is where elections are won or lost. >> student loan debts worse than before. one in three delinquent. the spring housing market. we'll look at what's hot and what's not. the battle of the box.

netflix orders more original programming hoping to win more viewers. >> you're blind. but you see so much. >> i hear things. gerri: all that and more coming up on the willis report, where consumers are our business. ♪ >> we begin with breaking news tonight, gm has been shielded by bankruptcy rules from this ignition switch lawsuit claims. so gm, shielded from ignition switch suits. bob joins us by telephone. bob, to you. this is a shocker. the judge, robert geshur us bankruptcy court, old gm, new gm, this new company does not bear blame for what went on with those i ignitions. your reaction. >> hi, gerri. good afternoon. we're studying the opinion. but it's clear that gm won. the judge in his opinion recognizes that the

claims could be as much as seven to 10 billion -- with a b -- dollars. and now those claims are simply washed off the books. gm can turn its back on hundreds of victims who are not eligible to file their claims inside ken feinberg's fund and who now are going to have to be told that the courthouse doors are forever locked and they cannot seek justice inside a courtroom. gerri: just to remind people what happened here. we're looking at the cars. the video here. this was a detective ignition switch that would pop in and out of the run cycle. people didn't know how to reset it. as many as 200 deaths and serious injuries. you're representing many of these people. what does this mean for them? >> it means their case is over. you might recall that -- their accidents occurred before gm filed for bankruptcy. and gm covered up the fact that the defect existed while gm went to

the bankruptcy court and sought relief. the clients and the victims had no way of knowing the father lawsuit. once the news broke after the bankruptcy about the defects, we went into bankruptcy court and asked permission to -- >> have we lost bob? i can't hear him. okay. so again, i think we lost bob hilliard. an attorney representing victims in this case. gm the company. general motors will not have to face dozens of lawsuits accusing that company of concealing a fatal ignition switch. you're looking at the price of gm right now. it's a shocker. we will continue to follow that story. and another huge story today another huge consumer story. tax day, that's right and for millions of last-minute filers, you have under seven hours to file that tax return. we have expert advice to

get you through it. joining me now is pete. and us financial services and certified financial planner al. welcome to you both. al, to you first, my friend. if you're looked at this deadline right now, what is your best last minute tax advice? >> if you're looking at it right now, this is really last-minute tips. i want you to get organized. this sounds crazy. don't rush. take your time. get organized. if you have to go to a tax preparer when you get home from work, get organized is the key. make sure you have your w-2s. your 1099s. for some people 1098 for marjoriefor -- get it done quickly and accurately.

>> i want to mention, of course, you can file an extension. irs form 4868. you have to pay even if you file the extension. you have to estimate what you owe, my friends. there's no way out of it. the tax deadline approaches. we're almost there. pete, to you. a lot of people out there are in this situation right now. and i think something like one in five of us will be filing tonight. >> yes. gerri: how do you react to that? >> well just that this is an unpleasant task. most people don't want to do it. gerri: they want to put it off. >> and they understand the burden that it places. you know the burden of complying with the tax is large in and of itself, besides paying the tax. we're talking about $234 billion in time costs and out of pocket costs. huge. gerri: wow. that's a lot of money. that's a lot of money. 8 million of us will be filing an extension. and let me tell you don't be embarrassed because some of the smartest people i know,

professionals accountants, attorneys everybody, they file extensions. it's very common. pete, i want to ask you about the complexity of the tax code because you had some very interesting numbers out on this. just how complex is it? >> 6.1 billion hours of time spent. this is by government accounting estimates. i think they're probably too low. they say, for example that your average 1040 filer, depending on what form they use spends about 13 hours trying to learn about the law, assemble the forms send it in. if you're lucky and you have a 1040 easy, it will be five hours. those of you who are watching us and you have an easy form -- gerri: five hours, that's not easy. >> -- you don't have too much time left. that's right. and these estimates are way off in terms of tax planning. people spend way more than three hours a year. gerri: right. >> which is what the irs says for a small business. that's insane.

gerri: let me tell you, this has been the most frustrating year on record for the irs. al, you know that so many of these irs agencies. they're not picking up the phone. 40% of calls that's all they're answering. 60% of taxpayers aren't getting an answer. >> they're not getting an answer. and over 74,000 pages in the tax code. the average person 94% of the people have to go to a tax preparer or adviser. it's too complex. gerri: you can't read the code. i've tried to read the code. you have to be an accountant. the g.o.p. is sitting on something like seven bills to make this world easier for you and me to bring the irs to heel. they want a taxpayer bill of rights. here's what i don't understand. why do we need a bill of rights? shouldn't they be doing the right job in the first place? >> they certainly should. this is a worthy bill because it codifies the

things like right to good service and the right to protest and to have your protest heard if you disagree with your bill. we need to get at the complexity of the system. we counted the number of pages on the irs website devoted solely to obamacare explanations. 3,000 pages. how are people going to digest that? gerri: that's ridiculous. >> that's a rights issue in and of itself. >> no kidding. quick word here. >> i thought we had a bill of rights. i think it's time we stop looking at the irs as the big bogeyman, they work for us. gerri: they're the service providers. we're the customers. absolutely right al. pete, thank you for coming on. appreciate your time. >> my pleasure. gerri: we want to know what you think. here's our question tonight: have you filed your taxes yet? log on gerriwillis.com and vote. i'll share the results at the end of tonight's show. i have to tell you this there are lots of

reasons to be angry with the irs this season. for one, they haven't been answering their phone calls from taxpayers. then there's a waste, fraud, and abuse, and, of course, targeting conservative groups who talked a lot about this. but there is a new threat. and that is identity theft. hundreds of thousands of americans who are attempting to comply with the onerous burden that is the tax law will have their identity stolen in the process. and that is because the irs flimsy's security system has turned tax day into scam day for crooks. millions of suspicious returns have been filed by scammers and could take your refund. a warning to the wise this is tax day, and we've got more to come this hour. including a new warning about student loans. and it turns out, questions surrounding hillary's emails have been around for years and no one was getting any answers. we'll have the latest from the campaign trail. let us know what you think. tweet me @gerriwillisfbn or send us an email at

gerriwillis.com. we'll be right back. ♪

gerri: and on to politics. more email drama for hillary clinton. it turns out congressman darrell issa sent a letter to the state department back in 2012 asking if clinton used her personal email account for official business. but hillary wasn't in any rush to respond. wayne rogers. chairman of wayne rogers and company. and michael goodwin. michael, i'll start with you. so here is what darrell issa's letter said. have you or any senior agency official ever used a personal email account to conduct official business? if so, please identify the account used. radio silence. your reaction. >> well look, i believe gerri, we have no idea the tonnage of sort of dirty information in the email server, which is -- i think she did this in the very beginning just to shield it both from the white house and

congress and freedom of information requests, and she dumped everything in there. probably carelessly and then, of course, when she gets letters like this. she starts delete, delete delete. gerri: what, i can't hear you? wayne, what do you say? >> i don't think it was careless. i think it was directed. she did it all. this woman has a long history of deceit. i mean you talk -- you go back to filegate and chinagate. and all these things. stealing furniture from the white house and sending it to the house. this is a woman whose life is based on deception. based on obscurantism. trying to fool the public. telling people and doing another thing. oh, i'm for the little man. i'm for the man who is down and out. meanwhile, she's traveling around in airplanes and cars and spending money and living in a million dollar house and pretending to be like she's a person of the people. she's a total absolute

and directed fraud. [laughter] gerri: you know what i like about you wayne you say what you think. there's no -- >> it's true. wait a second. hold on. i'm backed up by the facts. i'm talking facts. i'm not talking political ideology. gerri: right. no i hear you my friend. that's why we have you on to talk about hillary in this segment. michael, to you. what's interesting about this is that the g.o.p. is now saying, well, you're just like mitt romney. >> well i do think in many ways, there is that argument to be made against her. gerri: she hasn't driven since, what 2006. hasn't driven a car. >> right. and she's lived on the public dime almost her entire adult life. she's been kossetted by secret service. special treatment everywhere she goes. there's definitely a feeling of being out of touch. to the point wayne made about dishonesty, i

think that to me is one of the key arguments against her. we'll hear it endlessly from republicans and any democrats that get in. already in the polls, gerri, there are six swing states, quinnipiac has surveyed and nearly half or over half in every one of them, voters in both parties are saying she's not trustworthy. gerri: you hear it over and over again. wayne, to you. i was riveted by that video she put out. this conversation that she wants to talk to real americans. like they're in the national geographic. look at those pictures. aren't they interesting? can she talk to regular people that actually have to pay their bills every month. drive cars. take care of themselves. what kind of currency does she have with americans? >> i have no idea. i have no idea why anybody believes her. she's condescending when she does it. she's talking down to these people. she thinks she's encouraging somebody. she hasn't the vaguest

idea to work like they work. not one iota, she's cheated all her life. she's done everything wrong. she's gotten away with it by being in the public domain where she can create you know, something that says, oh, well i'll get back to you later. two years later. three years later. she buries it under the rug. the whole thing about benghazi is outrageous. everything she does is outrageous. she is a fraud from the beginning to the end. and if you don't -- just look at the -- gerri: okay. >> no wait. let me finish. let me finish. gerri: okay. >> you have to ask yourself. why does she do this? gerri: why? >> because she's trying to avoid the truth, that's why. she's a fraud. gerri: not pretty. >> at the risk of taking hillary clinton's side in this argument, which i won't do, i do think she gets away with it because it works. gerri: it works. >> she is -- we cannot -- gerri: i think there's that -- i have to get you to one other thing. wayne, i want you to

weigh in here. our own ed henry sending an email from hillary's campaign. she's having a sitdown. it's like oprah. it's this back and forth. a talk show. no serious questions. nobody holding anybody's feet to the fire. quick response. then i'll go to michael. >> of course, nobody is. the press is in love with her. she hides behind the fact. gerri you'll forgive me. you know this better than -- she hides behind the fact. oh i'm a woman. gerri: i have no patience for that. >> don't you want to see a woman president? i understand that. it's ridiculous. of course, nobody pins it to her. nobody grabs her. nobody in the press has the -- >> wait a minute. wait a minute. gerri: the republican candidates won't agree with her -- >> i don't agree with that at all. the new york times broke the story about the secret email server. every paper. the washington post did a big story about her

lobbying for foreign -- the wall street journal did a big story about the corporations lobbying for. i don't think she's the darling of the press like barack obama is. we shouldn't confuse the two. gerri: it's a tight race. >> i think she'll have a hard time. gerri: wayne and michael, thank you so much. wayne, i understand your passion. and i appreciate it. thank you. >> you're welcome. gerri: and coming up, an eventful day outside the capitol as a florida man flies on to the west lawn to deliver a message. look at those pictures. no surprise this country is deep in the student loan crisis. new report shows just how bad things have gotten. bealewe'll have the details. ♪

♪ gerri: we've got startling new

numbers tonight on student debt delinquencies. it turns out the problem is much worse than previously thought. the st. louis fed finds one in three americans are at least one month behind on their payments. one in three. that's nearly double the rate the education department reports. so should taxpayers be concerned? because we'll pick up the tab after all. we have new advice from cal cheney. she's the author of the princeton review. this is a decent read. pick it up. paying for college without going broke. cal, welcome back to the show. how do we not know this? this is totally different than what the federal government reports. >> the problem is with the math. gerri: it's not a problem. it's more accurate than what the feds -- >> right. the difference in the percentages is that the department of ed, they're looking at the total number of borrowers. who are about 40% of the borrowers.

but 50% of the borrowers are paying off their loans. if you divide it by the number of students inry payment, the percentage is much higher than the department of education's figures. gerri: it's a fascinating new number. shows you how bad it really is. i have to tell you, you know, what do we do? i mean, this is staggering that this many people are behind. once you're behind one month, you'll be behind two months and three months. i think forgiving this debt as the president wants to do is not the right answer. >> right. that probably won't do it. what can families do. gerri: mom and dad pays? >> no. be careful in terms of the borrowing. having the idea that i'll borrow the money. it will work out in the end. that's, of course, that college is saying, just borrow. come. they need to fill the classrooms. it's a good rule of thumb, do not leave school owing more than

your first starting salary year. >> plan your debt being no more than one year's salary. let's talk about more details that i found compelling. the people with the least amount of debt are the least likely to pay. why? >> the numbers are there. that could be students that drop out of school. experts say the worst thing to do -- the only thing worse than not going to college -- going to college and not having debt is not going to school at all. the worst thing to do is incur debt and not get your degree. you're not getting the wage premium. you're worse off than the student that didn't go to school at all. that's why, again, you have to have a plan to finish the degree and not just say i'll worry about the first year. gerri: i'll offer other advice that you've said many times, even on this show, which is that, you can look at that sticker price, but that's not

necessarily what you'll have to pay. negotiate that number lower. schools all over the country are doing that every single day. >> right. this is the time before may 1 when high school seniors are deciding where they'll go. that's their strongest bargaining position in terms of dealing with the schools to appeal the packages. again, be careful with the loans. it's easy to say well, we'll just borrow. if you're borrowing so much money. especially if you're going with the private loans on top of the federal aid loans, that can be a real problem. gerri: you know, at some point we have to talk about what the schools can do. the colleges can do. the universities can do. we're starting to see schools fail. sweet briar closing its doors. a venerable institution well-known in the south. in virginia. it's not around anymore. there will be more failures. >> there will be shakeout with some schools. that's where they're getting price resistance at the colleges. a lot of people are saying, is it worth the money to go? certainly it's worth

going to college. it's rare to be the jordan spieth. gerri: but you have to control what you pay. >> right. that's up to the families to do it and not assuming other schools saying, this is good. come here. you have to slam the doors. gerri: it's like a bank loan officer. a bank loan officer will underwrite you a loan for whatever. you're the one who has to say i'm not taking that huge loan. i'll take something i can afford. >> right. and that was a concern about the defaults in new york. that the defaults are higher, the percentage on student loans than credit card debt. gerri: all right cal. thank you for coming on the show. jurors convicting aaron hernandez of murder. we'll have the latest headlines on that. and the latest on the gyrocopter crash on capitol hill. was it picked up on radar by the military? new details on the incident. and new video of what happened. you'll want to see this. stay with us. ♪

♪

gerri: welcome back to the willis report on this tax day. in eye a moment, new details on the copter crash on capitol hill. former new england patriots aaron hernandez will spend the rest of his life in prison without the possibility of parole. after the jury convicted him for the death of oden lloyd in 2013. lloyd's mother ursula saying she forgives anyone who had a hand in her son's death. >> survivors and rescuers gathering together in boston marking the second anniversary of the deadly bombing. a moment of silence was held at 2:49 p.m. the time of the first blast. bomber dzhokhar tsarnaev was convicted last week. minimum wage protesters are protesting for $15 an hour. fight for 15 is the group that is funded by

major labor unions. us company producing segues has been bought by a chinese company for an undisclosed amount. the chinese company had been infringing on its patents. are those the stories in the news tonight. in this story, capitol hill, capitol hill police not identifying the man who landed a small helicopter on the west lawn triggering a brief lockdown of the capitol. one man is claiming responsibility online. fox business' very own blake burman joins us now with the latest details. blake. blake: this happened about four hours ago, gerri. federal officials have not identified the pilot of this gyrocopter who they took into custody earlier today. but a man named doug hughes from the tampa area emailed multiple outlets in florida saying he would be flying an open aired helicopter on to the lawn of the us capitol.

it landed on the lawn at 2:40 this afternoon. it didn't make contact with any part of the building. the capitol was momentarily locked down. president obama was briefed. they cleared the gyrocopter and did not find anything hazardous. in the a video post on the tampa bay website hughes who was a postal worker says he was protesting campaign finance reform. the reason he wanted to do this, he said was to deliver letters to every member of congress. gerri. gerri: wow. what a story. did the authorities know this was going to happen were they in the dark? >> that's the question we're doing into. here's why. in the video hughes said he would give notice to the authorities. today, a friend of hughes is quoted as saying the secret service was told beforehand. the faa was said that the pilot was not in contact with air traffic controllers. and the faa did not authorize him to enter restricted airspace. i just got off the phone

with norad 15 minutes ago. they said they didn't scramble any air intercept assets. they wouldn't comment at this point about whether or not that gyrocopter was actually picked up on radar. gerri. gerri: unbelievable. blake, thank you for bringing us that story. appreciate your time. blake: thanks. gerri: spring break make it or break it for the housing market. so what should buyers, sellers, and owners expect? and southwest is trying to bring comfort back to flying with a big announcement about its seat size. we'll have details. but first here's your consumer gauge with the numbers that mean the most to you. we'll be right back. ♪

♪ gerri: and now, an intupt in-depth look into the housing market. auction.com crunched the

numbers. chris is here to rank the best markets based on price, affordability and demand. before we get to that, i want to get to the housing market in general. the wall street journal ran the story about how great everything is. do you agree with that? >> everything is relative. [laughter] the spring housing market will be better probably in the first couple months of the year. but the first couple months of the year were abysmal. we should be selling 6 million properties a year. a half a million and 750 million new homes. we'll wind up selling less than 500,000 new homes. not a great market. but better than january was. gerri: we've had lots of numbers out there. lots of numbers in the existing housing market. the new housing market, even better. more growth there. the best in six or seven years. a lot of people out there seem to be very excited about this year and yet the final coin -- the final domino to fall is the buyers in

the marketplace. do they have the money this year to buy houses? >> wages have not kept up with home price appreciation. the middle class have been hammered with wage growth in negative numbers. so affordability say real problem. some of the markets we'll talk about are actually at new all-time highs. so the average person is struggling to be able to afford a home. and lending is tight. gerri: the pain of this is you have these great rates. and housing prices are not at the levels of the previous high in 2006. how much below that are we nationally? >> well, every market is different. nationally we're about 10% off peak. but, again, some of these hotter markets are the highest they've ever been. it really varies by where you are. but prices have come back -- look, you're absolutely right. when we're talking about sub4% interest rates. we should see more home sales. gerri: it's painful to watch. i know so many people. particularly millennials, they're

desperate to buy a house, they don't have the money. >> they have down payment issues. even the low down payment loans available the rent rates have gone up so much over the last couple of years it's eating into the millennial's cash flow. and they can't put enough money away to save. gerri: that's totally true. let's get to your numbers which are fascinating. (?) spring housing markets. you and i were talking about this before. you said, this is good because it's based on reality and not a bunch of air in the market provided by banks and ridiculous lenders and particularly government policy. >> yeah. gerri: what is the hottest spring market out there? >> i want to touch on what you said. the good news about this report it's all based on economic fundamentals. we're seeing population growth. job growth. those are the markets with the highest property growth. the number one is denver. i'm tempted to say it's a rocky mountain high. professional services, jobs are growing

dramatically in denver. so is tourism partly because of the legalized marijuana trade there. that is a contributing factor. gerri: okay. it's a great list. rick we appreciate you bringing it tonight to our show. finally, something real in the housing market. >> it's good news. gerri: thank you so much. well, back to taxes. we've been covering it all night. with the tax deadline right upon us, the house is set to vote on the repeal of the state tax or death tax which imposes a tax rate on 40% on inherited assets. that's the second time to pay taxes on it. my next guest was trying to put an end to the death tax. kevin brady from texas. senior member of the tax writing house means committee. welcome back to the show. good to have you here. before we get to taxes my friend and i know you're passionate about this. tell us about this gyrocopter on capitol hill. did you see it? what was the reaction?

>> yeah, no, i didn't see it. we were meeting at the time. but we got the security alert from the police. the lockdown went on. i don't know the details except this. i know people want to get attention to their issues. it sounds like this was the case with this gentleman. but, boy, you need to use a little common sense especially in a time where security is pretty tight. gerri: amen. and amen. let's get back to death tax. you call the state death tax immoral. >> you work your whole life to build up a family owned nest egg for your family. you die. uncle sam swoops in and takes nearly half of everything you built up. i think it's wrong. and we've seen a lot of family owned farms and businesses have to sell good parts or all of what they have just to satisfy uncle sam. again it -- this hurts the economy. it only generates two days of federal spending each year. gerri: let me interrupt you

here. i want you to answer this question. from what i understand, the estate tax robs the economy of about $1.1 trillion. >> yeah. gerri: this is money that could be in small businesses, that may be in farms, that goes away because the tax is so onerous you have to sell everything. so tell me, is it raising a lot of money? is it so trifecta to have the death tax because it's raising so much money for the federal government, we couldn't possibly get rid of it? >> just the opposite. (?) it's a declining source of revenue for the federal government. again, the equivalent of two days of spending in washington. many experts believe that we would raise more money for the government by repealing it because right now, you incur consumption and tax planning and tax shelters instead of investment in your business. it makes sense. gerri: listen, the whole tax code, is about keeping the accountants employed. my basic objection with

this tax. i have serious issues with it. is that we're talking about a second tax. at least a second tax on the money that is -- that families should have. so it's not like you pay once. you pay at least twice. and that to me seems to be fundamentally unfair. your thoughts? >> it is unfair. you're right. it's at least twice if you think about all the property taxes throughout. and all that goes with that. we have a business in texas who was created, generated, passed down to the son. his dad paid at some .90% tax rate in america. then the government took another 55%. for some of those assets 145% on their hard work. (?) and i just think it's wrong. this is the american dream they're taxing. so we'll fight it. >> i know you're fighting it. you have a lot of support in congress. the white house saying today they're going to veto this thing. do you feel like -- why

are you doing this if you know the white house will stand in your way? >> one, it's worth fighting for. it's so wrong. two, it's been ten years since congress weighed in on this issue. it's time everyone take a stand there. and the truth is, this is bad for the economy and bad fort american for the american dream. we're used to presidential vetoes. president has been turning his back on taxpayers for a long time. we'll keep standing up for this. >> the limit of that 5.4 million that's the asset size where that 40% tax goes into effect. congressman brady i hope you come back to the show soon. >> thank you gerri. gerri: still to come, netflix has changed the way americans watch tv. it continues to be at the front lines of innovation. what's next for the brand? earnings released. we'll talk about that. stay with us. ♪

♪ gerri: well, if you've ever flown in a plane, you know now uncomfortable those small packed seats can be. one airline is trying to fix that. southwest that is announced they're rolling out new seats next year they claim will have the most space in any boeing 727. will these seats make a difference? lee, you're 6-3, my friend. i cannot imagine what it's like being you when you fly. don't you want bigger seats, is this not good news from southwest? >> it's good news for southwest. going small to just a little bit bigger than small. you know, i wish for someone like my size who is tall and also broad you wish that you didn't have to sit shoulder to shoulder with somebody. just this weekend i flew down to fort worth texas on american airlines. i didn't get upgraded. i got what i thought was

the second best seat. i got the emergency seat aisle i'm rubbing shoulders with the guy next to me. i'm leaning into the aisle, and i'm getting hit by the flight attendant with the cart. then i'm rubbing shoulders with this guy. he's leaning forward. just really awkward. gerri: that's horrible. let's show the numbers. so southwest they'll have their seat width 17.8 inches. alaska airline has 17. american airline delta 17.2. less than an inch. is that a big deal? they're making it like they've changed the course of western civilization here. but i don't think so. >> well they certainly haven't cured cancer or anything. but at the same time, it's better than nothing. think about most news from airlines is generally awful. i think they also took off the seat backs at the bottom of the seat and put it higher up. so you have a little bit more room. you know, if you're tall every little bit

helps. it's still not perfect. but, i mean, you don't really have many choices. you can't walk from new york to california. you have to fly. so you just have to deal with it. gerri: i have new news for you my friend. sit tight here. listen to this. so there was a convention recently in germany. people who are expert in airplane seat design. and airbus unveiled a new seat configuration that allows them to stick an extra seat right in the middle so they have 11 all the way across. okay? it adds an additional seat. this is on those airbus a380s. ouch. come on now. how do you feel about that? i don't know what the seat size is. look what they're trying to do. they're trying to squeeze as many seats in as possible. >> it's just -- honestly it's completely enraging. if you're sitting in coach in the back there you can barely squeeze in there already, you're just sitting in there like a sardine. it's tight around your

waist. you're in there like this. like a zombie. it's terrible. embarrassing. airbus should be embarrassed. you're cooped up enough in coach as is. tickets are at an all-time high. work with us here. deal with -- gerri: make us happy. is this a service industry or what? lee, thank you for coming on. i feel your pain. i'm tall too. netflix reporting earnings a short time ago. added 5 million new customers. profits were a little less than expected. the stock is higher after hours on that subscriber growth number. with us now entertainment branding expert and marketing professor at usc. welcome back to the show. so these are pretty good numbers. now, they got hit on the bottom line because of currency conversions. the dollar very strong against other currencies. foreign currencies. but you've got to say that they're doing a good job adding subscribers. what's your analysis? >> you know, i couldn't

agree more. i think that netflix is certainly a super super bold super sexy brand. and they will continue for quite a while. up 40% year to date. added new domestic and international subscribers. international is where the growth will come from. there's an elephant in the room. netflix has not had any competition. it's hard to believe. but it's actually true. in the beginning of this year, in january was the first time we saw dish network's you know, competition come into place. and in march of this year we've also seen hbo stand alone service come into place. gerri: more competition. sure. they just -- let's talk about what they're doing internally. they just renewed the orange is the new black. that's getting a lot of headlines. and daredevil is getting a lot of buzz here. you're seeing orange is the new black. that's video from that

programming. but can they keep this up? i mean, they're relying on people to binge watch their material, their content. can that go on forever, or was that like a first move advantage that eventually falls apart? >> i think it was -- i think it's going to be exactly that. it's the first mover advantage number one. we're seeing how their profitability has decreased because they've invested in this original content. it will be interesting to see whether they can sustain this. it's interesting, orange is the new black is a breakout hit as well as house of cards. they have a bunch of other programs that haven't worked too well. marco polo. the addict that was a dud. and the thriller deadline. gerri: i like that. i'll disagree with you respectfully here. here's the interesting thing about this. for years we watched on and on and on serial comedies that were shot

on tiny little stages that never changed. people never left the set. and these things are shot beautifully. right? tracking shots with helicopters. beautiful sets. beautiful wardrobe. it's got to cost a mint to do this stuff. can they keep it up? >> you know, i would agree with you. i think the production value is great. but what is interesting is that we don't know the viewership because netflix doesn't review how many viewers it has of these programs. so that is the rubber that hits the road as well. gerri: i think that's a great point. you know everybody else has to report their viewers down to a t. and you know that netflix knows absolutely every single thing about these viewers. probably more than other programming producers. but they don't tell you all that much. to remind people here. the stock is popping after hours. quarterly revenues up 24%. the headline people are paying attention to

5 million in new subscribers. thank you for coming on the show. great to see you tonight. >> thank you. gerri: we'll be right back with the answer to our question of the day: have you filed your taxes yet? ♪

♪ gerri: the irs says 35,000 taxpayers wait until last week to file their taxes. with six hours to go have you filed yet. we asked the question on gerriwillis.com. 30% said no. 70% said yes. i hear you. i've been reading your tweets all day long. let me tell you i'm about as happy as you are that today is april 15th but it could be worse. let me tell you how. england is considering getting rid of the tax forms altogether. the country may decide to let the government file tax returns on behalf of taxpayers. what a stinky idea. trust the government to file your taxes? trust the irs. they can't pick up the phones to answer our

questions. they would be terrible at filing our tax returns. that's my "2 cents more." that's it for tonight's willis report. don't forget to dvr the show if you can't catch us live. "making money" with charles payne is next. have a great night. ♪ charles: i'm charles payne and you're watching "making money." we're on the cusp of all-time highs. and hot stocks like netflix up as much as 50 bucks. right now in the after market, keeping this thing going. but there's still a herculean task, an odd dynamic higher oil prices not crushing retail. traditionalists say, if you follow the dow theory, you understand the importance. transportation stocks must confirm a broad-based rally. the transportation has been sort of chugging along. drifting as we came into the year. slipped a little bit. since last night, we had delta and airline. both report. both stocks went higher today. we're on the -- actually in the blink of an eye, crude oil. have you seen this thing? broke into a whole