of questions whether apple they came out with new apple tv logo couple days ago. some people said it was mistake. some people said apple knows what they're doing. liz: don't cut fox business. you need us. david: i pay for it. "the willis report" is next. >> i'm gerri willis. this is the "willis report" the show where consumers are our business. federal judge blocks billions of dollars in claims against gm for defective cars. >> this is the unfortunate consequences of a government regulated, managed and forced bankruptcy. >> it is the door now slammed shut for victims? we'll vect. he is the most famous gyrocopter pilot since james bond. >> according to the u.s. attorney's office in washington d.c. douglas hughes is expected in federal court sometime late they are afternoon. >> new questions of safety and security in the most heavily policed no-fly zone. will this be a problem for the

hillary clinton campaign? >> clinton foundation will keep accepting money from foreign governments. >> we'll have the latest on clinton's tangled money machine. the invisible camer in your home. we'll have important safety information for families tonight. obamacare driving up costs at hospitals gerri: general motors off the hook for millions of in damages for its defective ignition switch. that switch is implicated in deaths of 200 people. a judge upheld legal shield protecting the new gm on claims that started before its 2009 bankruptcy. with us, bob hilliard the best-known attorney representing gm victims and laura christian,

whose daughter's death in 2005 was the first linked to ignition defect. bob i will start with you. what does this decision mean for folks, who had crashes in cars before the 2009 gm bankruptcy? >> hey, gerri. good to see you. it means that they are forever locked out of the courthouse. the door is shut and locked. what this judge did, he recognized that they have been deprived of their fifth amendment due process rights. he recognized that gm had actual knowledge through 24 gm upper management attorneys.

gerri: how is this a different company? >> it is not. you hit i had on the head. gm says you did it. we were responsible. that is when we were called old gm you can blame us. but can only blame us wearing the old gm hat. now because there is bankruptcy. we have on our new gm hat. it is our fault but it is our fault when we were the old gm. so we are not responsible. gerri: goes away with the bankruptcy is the view. >> that's right. gerri: tell me quickly, how many people do you think are in that old gm bucket, that might have brought case that might have brought actions who got hurt? >> we know there were about 130 cases filed in the bankruptcy, including 20 deaths that were waiting for the decision and probably hundreds more. you know i heard from one of

those clients yesterday, gerri who lost his pregnant wife. he just couldn't understand it. he knows what bankruptcy is supposed to do but he said, look they committed fraud. my wife died. now i have no right to sue them? gerri: all right. i want to bring in laura christian here. your daughter, you were the birth mother of a young woman amber marie rose, who died in one of these cars. tell us your story. >> oh, gerri it was july 29th of 2005. my daughter was driving. it was late at night. the car went into the accessory position, which eant that as we know the power steering did not work, the power brakes were off. it meant that the airbag would never deploy. unfortunately, that night she died. and but for the airbags she would have lived. if those airbags had deployed she would have lived. gerri: here we are, years and years later. bob what is amazing to me, my assumption that for years and

years, parents and families, have assumed that their loved ones who were injured hurt or even killed in some of these crashes that it was their fault. there were a phalanx an army of gm attorneys to say just that. so they have been blaming themselves for all these years. >> that's right. gerri: now, what should they think? >> yeah, that's right. not only did they were they led to believe it was their fault, their loved ones fault. a lot of times like laura, who i represent, a lot of times they were directly told that the driver of the vehicle will be attacked because of their negligent. i have cases where gm aggressive went after the drivers, and said this car is not defective. this is negligent young driver who is at fault. keep in mind gerri, it is amazing to me they were saying that while they knew, actually knew, all the way up the food chain that it was false. that this car was defective. and they kept getting notice

after notice of accidents, injuries and deaths. they kept riding that same horse, blaming a driver, telling the parents the car is fine. it is not our fault. gerri: laura, isn't there something of a double insult here? i mean first of all, you have the defective ignition switch. then you have the bailout. and now these companies can take a big tax deduction on what they're paying for the settlements? >> it is disgusting. it truly is disgusting. the, how is it that our children are, our loved ones can be, some sort of a writeoff from earnings? that is just, it may be it may be legally okay but it is not morally okay. and i've spoken with a lot of families that heard this recent ruling and you know, the word that they come that comes to mind, to some of them is sickening. you know that they're never going to get justice. this was their only chance.

gerri: bob, laura, thank you so much for being on the show tonight. and describing your reaction to this news. thank you so much. >> good seeing you, gerri. gerri: good to see you. now we want to know what you think. here is our question tonight, should gm be shielded from its responsibility by bankruptcy? log on to gerriwillis.com and vote. i will share results at end of tonight's show. i have to give you my take on this. the story of gm's victims is tragic. no less so because the company can't claim to be author of current success. it was nearly seven years ago detroit executives flew to washington, to beg, beg for taxpayer dollars to save them from bankruptcy. they asked for $25 billion. gm alone, ended up getting close to $51 billion. and still went to bankruptcy court. so this company wouldn't be even in business except for taxpayers. they want to maintain the illusion that the gm of the

groveling executives you saw seven years ago, and ones now are two entirely different companies. they are not. gm should stand by the people who made its existence possible and face the american families that have been hurt by their product. we'll be right back.

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gerri: latest developments on the investigation into the capitol copter. homeland security secretary jeh johnson says the copter who flew on the lawn literally flew under the radar. blake has the latest. >> douglas hughes went before a judge in federal courtroom here in the washington, d.c. area. he is charged with two different felony counts. one essentially for flying in an airspace he should have never been in the first place. the second for flying unregistered aircraft. he was able to walk out of that courtroom after that hearing. the reason he is now being placed on home detention, he has

to go back to his home state of florida. if he ends up going on trial and if he is convicted, hughes faces up to four years in prison. you probably remember the scene here in washington yesterday. that gyrocopter, that flew over parts of the city and ended up landing here on the west lawn of the u.s. capitol just short of the capitol building. hughes, in a video that he posted online said he was doing this to protest campaign finance reform. now the head of the department of homeland security jeh johnson said hughes was able to fly in, keep in mind this is restricted airspace but johnson said hughes was able to fly in he was quite literally under the radar. norad said they were able to respond to this after the incident took place and they said, that they still have a little bit of trouble identifying slow-flying and low-flying objects. gerri? gerri: i guess they do, that's for sure.

what about the security procedures? aren't they going to have to change? is there any movement there? >> one would certainly think but jeh johnson when he talked about this earlier today it is still a little too early to determine if they will change anything going forward based on what happened yesterday. as you might imagine they were asked about this at white house, press secretary josh earnest said if anything for now, this could serve as a learning experience. gerri: oh, boy. >> we are certainly pleased no one was harmed in this incident. it may provide opportunity for law enforcement agencies like secret service to review procedures and get some useful lessons from it. >> as you might imagine though the reaction on both sides of the aisle here, from congress was a little bit harsher than that. senator ron johnson who chairs homeland security committee said he was deeply concerned. democrat in the house, elijah

cummings said there is gap in airspace. he defined that as very dangerous gap. gerri: learning the hard way. who is learning this investigation? do we every agency on capitol hill? >> you have to imagine so. josh ernest in the briefing suggested that u.s. secret service would investigate. u.s. capitol police will investigate. u.s. senator ron johnson talked about his investigation he will be launching. there are a lot of questions here and a whole lot of people want answers. gerri: we all do. blake, thank you for that. >> thanks, gerri. gerri: the clinton foundation they want to keep donations coming in during hillary's run even from foreign governments. hear to weigh in, guy benson townhall.com and foxx news contributor and adam good win, republican strategist. great to have you both there. i want both of you to weigh in the idea that clinton foundation should be accepting payments

while hillary is running for president? guy, you first? >> i think the argument hillary would make, yes we'll keep doing it because we did it while i was running the state department. they did. it is super sketchy. while there were foreign governments lobbying the state department, they were also giving huge monetary donations to the clinton foundation and those donations were not vetted by the state department. there are all sorts of concerns about conflicts of interest and quid pro quo. since she got away with it then she shrugged and said we'll get away with it again. gerri: you call it super zetschechy. adam, what do you say. >> one out of three donations over a million dollars are coming from foreign donors. that should not just scare everybody about the ethics watchdogs, that the leadership for america is not for sale. hillary does so well with this on so many issues. she basically decides to

diffuse, deny and disregard any outcry about something that is so patently and obviously i think wrong. it has to be remedied. >> be explicit about. i want to show. they're narrowing number of countries that can actually make contributions now canada u.k., netherlands, norway, australia. six countries can make foreign contributions. be a little more specific here, guy, what is the risk here? do countries think they can buy policy? >> do they think if they give money to the clinton foundation they will move needle one way or the other if hillary becomes president? >> or curry favor the very least. there is reporting when she was running the state department there were donations made on particular trade on a company affected by a particular trade bill and hillary changed her position on that trade measure. you can't draw direct line necessarily. we have to follow that story and sniff it out a little bit more but obviously the potential

problem with foreign governments giving huge amounts of money basically to the clintons over this box while she is running american foreign policy in this box with no vetting in between, i don't know how anyone can look at that and not see a problem. gerri: it is all the same thing. that is my big objection. i want to move on to another story adam. new jersey cities are adopting paid sick leave policies. we don't know a lot about what clinton will stand for hillary, when she will run. she is holding meetings where there is kumbayah moment. people share their stories about the lax significance six years. i think what is going on in new jersey paid six leave enforced by new jersey regional government will kind of thing hillary will do. is this a preview? >> it could be a preview. i actually happen to agree with chris christie on this issue. i think most republicans would. because, you know it is another example of government trying to legislate for businesses what

they can and can not do as opposed to free marketplace. a lot of republicans, business leaders, small and large would agree with that. but yet hillary, to your point, gerri, she will take advantage of this if she can which would be -- gerri: my point is not that she will come out in opposition. my point is she will come out say paid sick leave, enforces on small businesses barely making ends meet, that is a good idea. guy i want to move on now yet to another topic move to the republican side. jeb bush may announce soon. we have governor scott walker coming up. who will be first? who will really take the reins here? you know, we hear so much about jeb bush having such a money advantage. will he also have a message advantage? >> well that remains to be seen. in terms of who is first, there are three guys already in it. first-term senators. ted cruz rand paul marco rubio, in that order. they have both made a big, they have all made a big splash and raised a good amount of money. the question when are those governors starting to get in and former governors in the case of

jeb bush. i think that window is starting to close. hillary is in on the other side. it is time. there is no mystery. scott walker will run for president. jeb bush will run for president. chris christie in all likelihood will run for president. i think it will happen soon. it will be interesting to see the dance jeb bush does with grassroots activists. he has been very successful with big-time donors. gerri: successful with big-time donors. dan scotto walker even play in this game, adam? >> he can, which is why he which is why he decided to create his own super pac. one guaranties of success is sustainability. to sustain a presidential campaign you need resources. scott walker is terrific on his feet. he is fairly new on the scene. had a great record in wisconsin but he will have to be able to sustain a presidential campaign through the good times and the bad. that takes money and resources. if you look at it that way -- gerri: maybe a few foreign

countries want to pitch in. i will never get over this, we're allowing something this ridiculous and ludacris to happen. guy, last word. >> i would say gerri, if you have any problems or issues with those foreign governments giving money to clintons while she was at state and go back at president why don't you check -- oh that's right. they were deleted by tens of thousands and wiped clean. gerri: guy, don't ask for that. don't even look. we don't know where the server is, my friend? probably a million little pieces. thanks for coming on. >> thanks, gerri. gerri: later in the show, can courts stop obama's war on coal? how do you do that? we have advice on keeping your home safe from pesticides. it's a real danger. we'll tell you all about it.

gerri: tonight federal investigators searching for new clues to figure out a pesticide poisoning in paradise. 49-year-old steve es mon and his family of four were airlifted from virgin islands after suffering from seeds sure and falling into comas. they were exposed to a deadly pesticide athundred resort. officials say their health is improving but but are others at risk and should homeowners be concerned. we're asking the head of the show the money pit. >> they checked into this exclusive, beautiful st. john's resort. halfway through their stay they were poisoned. gerri: that is the report right there. >> beautiful, right? halfway through their stay they were poisoned by a product

called methyl bromide. gerri: what is that? >> methyl bromide is very potent neurotoxin. a pesticide has not been approved for indoor use for 30 years. it is banned for use inside of a building. actually it is used to treat soil in agriculture but not used inside. it is dead lore less. they had no idea it was being applied and they were consumed by it. gerri: this pesticide is banned for use indoors. >> yep. gerri: obviously it was used indoors. now the spotlight is on company called terminix, why? >> they were the company that alleged to applied the pesticide. the investigation is developing where they're finding other places on the virgin islands where this product was applied including the governor's own mansion stated today in 2013. it was applied in his own mansion. so, it was really really horrible situation. tragic error at best on the part of the am indicator. gerri: now aply indicator. gerri: is it possible i might

run into this on vacation somewhere. >> what concerns me, u.s. virgin islands, we have restrictions regulations and structure. they may not have followed structure. what happens when we go to vacation with countries with no regulation? tropical locations are full of bugs, right? last thing you want to see on vacation. all i can say in this situation there was nothing the family could have done to avoid this. gerri: no. >> but when you travel, you need to be aware of your surroundings. you need to look -- gerri: what would i look for? i don't know how to prevent this? >> if i was in development like that, would saw pesticide being applied, would be aware of it, stay away from it and start requesting questions about it. gerri: you should not have this in your home? >> absolutely not. this is product is not designed for presidential use whatsoever. gerri: this was real mystery. we heard about it in broad specifics and broad brush but didn't get into civic specifics. >> you're welcome. gerri: use of e-cigs are

skyrocketing. new details of a report coming up. white house continues to beat the drum to fight climate change by punishing coal producers. ♪

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gerri: and fellow at the heritage foundation. these are two cases. give us a sense of what they're about. >> well, one is about the mercury air and toxic rule.

the other is about climate change. they're both important. an amendment to the clean air act says that the epa can't regulate -- or, double regulate existing power plants. so that's why these coal companies are bringing this case. both of these regulations mean higher energy prices. mean more cost for businesses for american families. and both are devoid of any meaningful environmental benefit. gerri: well, hundreds of millions of dollars over many years. you know there's an interesting detail in this. there's an old score being settled. the president's law school mentor laurence tribe is leading the opposition here against the president's policies. and he said something i find absolutely amazing. he said: burning the constitution should not be a national -- be our national energy policy. which i think is fascinating. what part of what obama is doing is actually against the constitution? >> well what this --

what the epa is effectively doing is giving itself unprecedented authority to craft this regulation with what they termed outside of the fence options with states that comply with the regulations. not just cutting emissions from existing power plants. but using more renewable energy. all these options that at the state's disposal. it's really giving the epa its own authority to effectively craft almost a type of legislation for these regulations. >> isn't it telling the power plants they have to go beyond their own turf, quite literally beyond it and do things that have nothing to do with their own operations? >> that's right. that's why they term it outside the fence. it's not just about these coal fire plants doing everything to meet these targets. they've done that through a whole host of

other regulation. maxed out their credit card to meet other areas regulations. >> basically the president wants to retire a third of coal-fired plants by 2020. take 28,000 megawatts of coal power of commission. this will mean we'll have 500,000 fewer jobs in the coal industry. and boost consumer cost by 173 billion by 2020. you know i take a look at this and what i see is government policy killing an industry. just targeting an industry and saying we don't want it anymore. sure it adds to the country's bottom line. sure a lot of people are employed. we don't want to do it. that's what it looks like to me. what do you say? >> absolutely. it's not just the coal industry. also, low-income families that spend a high amount of their money on energy bills. a manufacturing renaissance because of lower energy costs because of the fracking

boom. they'll be hit with higher costs. because energy is our master resource and if necessary forandnecessary for everything we do. we don't have anything to show for it. mitigating the earth's temperature a few hundredths of a degree by the year 2020. >> coal is the number one source of power in this country. number one. and we're going to get rid of it. >> that's another thing. threatening reliability and rolling brownouts and blackouts. if you look at what we experienced in the northeast with the polar vortex. if that happens when these plants are shut down real threat to the grid. then you're really putting the family at risk. >> wow. you can tell i'm a coal miner's daughter. shocking information about teen use of e-cigs. you filed your tax. what should you do with

that refund? how best to invest that money. stay with us. but first here's your consumer gauge with the numbers that mean the most to you. take a look. ♪

♪ gerri: a new study from the cdc finds cigarette use among middle and high school students, teens has dropped to record lows. the use of electronic cigarettes it's up three times in one year. kevin campbell joins us now. i guess we can take comfort in the fact that kids are smoking

cigarettes less. e-cigarettes on fire. i'm not too happy with this. what do you make of the trend? >> we don't know enough about the outcomes of cigarettes to know this is a good thing. we know it contains nicotine. it can affect developing brains and cause addiction like cigarettes. i'm very dismayed. this is a really, really bad thing, i think. >> i think it's interesting that kids are smoking fewer traditional cigarettes. any reason for that, in your view? >> part of it is these electronic cigarettes have flavors to them. they actually taste good. they come in all kinds of cool flavors and colors. i think that probably is very attractive to young people. and it's kind of a trendy thing to do now. gerri: let me tell you who else it's attractive to. it's attractive to little kids. some of these little kids get their hands on these e-cigs and break them open and get burned with the materials inside of them.

folks running poison centers all over the country, they're reporting more and more little kids are coming in burned with these products. what do you say? >> you know, i think this is one place the fda needs to step in and regulate these devices. exactly that. they're being misused. they're being placed in the hands of small children and teenagers as well. and there's lots of negative health effects theory we're already seeing. >> the fda is finalizing rules on e-cigarettes. the big tobacco companies are behind this. they love this. they have something new they can put on the shelf. >> absolutely. it's a billion dollar industry already. and, you know, we just don't know enough about their outcomes. i think we'll probably see age limits with how they're sold. you'll have to be 21 years of age to obtain them in some states. hopefully we'll have the same thing going on with the e-cigarettes. >> the rules are different everywhere. on this next topic medicare overpayments to

hospitals soaring. up to 2.6 billion. here's what i think about this. i wanted to ask you your opinion. it looks to me like hospitals are manipulating these rules to just squeeze a little more money out of the federal government. i mean the -- the government doesn't necessarily pay all these increases. but there's a way you can finesse the system to get that to happen. do you agree with me? is this a way to get over and above obamacare limits? get more money out of the federal government? >> i believe it 100%. i think that hospitals absolutely are manipulating the system and doing things in order to obtain more money from the government. ultimately it's us, the taxpayers who will suffer. because they're just setting really, really high prices. and they're doing nothing to help control the cost. obamacare does not address hospitals. they address doctors and other areas but they don't address hospitals in the same way. gerri: so much for bending that cost curve, my friend.

i guess that will happen some other time. dr. campbell, thank you for coming on the show. >> thank you for having me. have a great day. >> tax day has come and gone. 80% of taxpayers will receive a refund from uncle sam. according to the irs. the average amount taxpayers will receive is more than $2,800. almost $3,000. here with the best way to spend that money. greg mcbride. now, greg, i know you well. you and i have talked for a long time. something tells me you won't let me go to the mall. >> yeah. spend is not what i would recommend doing with it. i'm all about saving. you nailed that one, gerri. absolutely. and, you know, i think for starters, fewer than one in four americans actually has an adequate savings fund. the majority of people that's the starting place for that tax refund. this is the biggest windfall they'll get all year long. great opportunity to pad that emergency fund.

>> three months of cost of living what you would spend a month. three times that, or six? are you one of those people -- >> six months. gerri: wow. that's a lot. >> yeah. i like six months. the reality is, if you're in business for yourself a sole breadwinner, you'll need even more than that. it's not that you have to put the entire tax refund to work that way. that will depend upon whether you're saving regularly with every paycheck. if you're not you better earmark the whole tax refund to get where you need to be. if you're saving regularly as part of each paycheck, you can earmark a little towards that and have some money left over and devote to other uses like funding your ira, saving money for your kids or grandkids college. gerri: i like that. let's delve into that. retirement savings. great way to go. a lot of people are nowhere near where they need to be on their retirement savings. i'm an advocate. you know, the limits on 401(k)s. the contribution limits

on 401(k)s and iras is low low, low. there should be no limits on them. a lot of people will have to save outside those vehicles in taxable accounts to get what they need. >> well the problem much like with the emergency savings as you noted, gerri, people are woefully undersaved when it comes to retirement. you get that tax refund. great opportunity to put a big chunk of money away for your future. and something like an ira makes a lot of -- a lot of people are under the mistaken impression that a 401(k) at work is going to be enough. frankly, i don't think that's the case at all. particularly if you've gotten a late start. here's a great opportunity, put that money into an ira. let that compound over years and years. it can make a big difference. >> $3,000 over ten years. big nut. 529 plan, you like that. you had another plan that was interesting. you say refi your mortgage. >> mortgage rates the lowest in almost two years. use the tax refund to

pay the closing costs so that you're not rolling those costs into the balance and resulting in a higher balance. gerri: smart. >> another opportunity that could be on a lot of people's radar with mortgage rates the way they are. gerri: great advice. thank you for coming on. greg mcbride. >> that you gerri. gerri: still to come, talk about income inequality. just how those big name rich universities keep getting richer. and more out of reach. we'll explain coming up. ♪

♪ gerri: those wealthy and elite colleges you want your kids to go to, they're getting richer

every single day. according to new date from moody's the assets of the 40iest wealthiest colleges have increased 50% versus 22% for the schools lower down on the list. rob, the publisher at the princeton review. the author of princeton review's colleges that pay you back. >> good to be here. gerri: let's look at these private schools. >> we've heard of some. gerri: and all this money. okay. so harvard has $42 billion. stanford 31. yale. twenty-five. princeton, 21. these are the big kahunas. the schools that everyone wants to go to. how did they get this dough? >> a couple of reasons. rich schools have large endowments. not only endowments. these are assets. endowments plus liquid cash they have on hand. gerri: plus liquid cash. that's the best kind. >> that's the best kind. and there are different investment vehicles that

those schools can invest into that other schools with smaller endowments cannot. they have high yields for many schools on that top list. gerri: we often talk about the cost of tuition of these schools. it can be $50,000. it's often a chunk of change. a lot of kids never pay that. >> exactly right. a solid third of students generally speaking will spend the higher sticker price. two-thirds will get a great deal of the funding. they can get it based on financial need. and they can certainly get it academic prowess. did you challenge yourself in high school? how well did you do on the sat? gerri: definitely interesting. it's also this money they have on hand that allows them to float all these kids. >> it is absolutely -- that's i think the great and silver lining here for a prospective student and their family. if that school is saying, we have great financial wherewithal but we'll make it

affordable for the average student. gerri: the texas system. california michigan, florida, virginia. these might be places you want to go. >> absolutely. if you can get into these schools -- ut austin. these are glorious schools academically. but they are also a great deal financially as well. the hard part is that they're admitting 5% at stanford. as we talked about last week. some seven or 10%. you must be awesome in high school, but fearless in the financial aid process as well. gerri: you've given us great tips on how to do that. i want to pick a knit with you, my friend. you in your notes to our producer colleges are financially sound. nothing hurts. what about sweet briar. >> there are schools like sweet briar. (?) there were bad investments that sweet briar made. and not very community

cancommunicative. -- and they have -- they are healthy financially. jamie: i have gerri: i have to tell you who is arguing with you. the federal government. department of education says there are hundreds and hundreds of schools that are financially troubled. and it's not, you know just betty's hair design. okay. it's schools that are actually serious schools with real viable programs that are facing financial difficulty. there are so many students that aren't going to school anymore. how do you respond to that? >> a couple of ways. one, i think this argument nicely underscores that students are customers to schools. and that most schools are absolutely tuition dependent. we can look at the top 15 schools. the majority of schools are getting 50, 70% of their revenue from student fees. those are the things -- you must look at those things.

how much of those financial aid dollars are going to you. gerri: also, if there are fewer students in that entry-level class, that freshman class than last year, not a good school. >> absolutely. schools are price sensitive. they're trying to court those students who are superlative academically. we can call it scholarships. discounting. it's money you don't have to pay back. it's good stuff. let's be pragmatic about it and call it what it is. gerri: i think that's very smart. easy to miss that fact. rob, so good to see you. thank you. now we want to hear from you. a judge ruling plaintiffs can only sue gm over those deadly faulty ignition switches after they left bankruptcy protection in 2009. is this right? here's what you're tweeting about our poll question tonight. chris: no. they should be treated like others. it's ridiculous to continue to pander to these large corporations.

and amy writes: not the same factories of gm. a product of their making should have -- get a ford. rick: they're still the same company. still responsible for oversights. gerri: they are the same company, rick. like fox business on facebook. we'll be right back with the answer to our question of the day. should gm be shielded from its responsibility by bankruptcy? stay with us. ♪

gerri: as we told you earlier a federal bankruptcy judge has ruled that gm is shielded from any claims from crashes that occurred before bankruptcy protection. do you agree? we asked question. 11% said yes. 89% of you said no. well listen to this. the party may soon be ending early in one of the hottest party spots. the mayor of miami beach is proposing a ban on alcohol in the early

morning. prohibiting alcohol sales between 2:00 and 8:00 a.m. the last call is currently 5:00 a.m. you know why it's a martini-based economy people. parts of the city known for night life have deteriorated to dangerous places. commissioners will debate about it next month. in the meantime cheers. the revolving door between washington and wall street spun around one more time. ben bernanke will go to work for citadel one of the highest leveraged hedge fund. the federal reserve became highly levered. trillions of dollars out of thin air in the wake of the financial crisis to keep the economy from imploding. the fed and wall street have something very much in common: financial engineering. what we need now though is less of that and more real businesses with real strategies making real money. it's time for the end of the financial fantasy and the beginning of real economic good news.

that's my "2 cents more." and that's it for tonight's willis report. thanks for joining us. don't forget to the dvr the show if you can't catch us live. "making money" with charles payne is up next. have a great night. ♪ charles: hey i'm charles payne. and you're watching "making money." it was a dull day for the broad market. but golly, there were individual winners. resurgence of the ipo market which had been relatively quiet. a couple high profile debuts. box and shake shack. shack coming on strong. both had been seen as cautionary sales that buttresses the notion, last year, 2014 was the top. the reason why, we saw so many ipos. 273 of these deals, you had to go all the way back to 2000 to see that many deals. we raised almost as much money. the ipo market went parabolic last year. what did that mean? i'll tell you what it meant today.