tv The Willis Report FOX Business May 18, 2015 5:00pm-6:01pm EDT
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trump's turf. david: our producer says, get tesla in there. give you a chance to sit in the driver's seat. see how it feels. check out the leather. liz: come on, elon. right up the street. david: "the willis report" is next. >> hello everybody, i'm gerri willis and this is "the willis report," the show where consumers are our business. tonight, i didn't see this in the constitution. the right to free college in america. top democrat says he wants to make sure it happens. also, mass arrests after a deadly shootout between rival biker gangs and cops in texas. will it be all-out war on our streets? get ready for a summer of mystery in the skies. if you thought lines at airport are long now, you ain't seen nothing yet. "the willis report" starts right now. gerri: free college for everyone. that is what senator bernie sanders is proposing because he thinks free college get this,
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is a right. but should americans be guaranteed a college education regardless of the cost to taxpayers? here so weigh in fred barnes, executive editor of "the weekly standard." guy benson, townhall.com senior editor and rich lowery, editor-in-chief of "national review." rich, i will start with you. the vermont senator a avout socialist is might add, free college. >> this recent pattern, hillary clinton will endorse the idea within months. problem so-called health care reform of obamacare it will put a bandaid on system that is inefficient, not working very well now, with costs spiraling ever upwards. so what you want to focus on how to improve the underlying education and make it more cost effective rather than showering more federal money. gerri: have to get rid of the debt. fred, to you, hillary already talking about debt-free college. i don't know what the difference
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is between free college and debt-free college, but will she be pushed further to the left here? >> of course. just as far to the left as she thinks she needs to go. she doesn't have any firm beliefs of her own. she might as well take bernie sanders. what bernie sanders misses college is practically free now. gerri: free for who? >> student loan for everybody practically. you can get student loans from the government. they're out of control. now you can get that. if you go to junior college, community college, it is already free for about half the people and others pay very, very little. gerri: wait a minute. wait a minute. >> my point -- gerri: it is not free. it is not free. taxpayers pay. and when people graduate they are saddled with an average of $33,000 in debt, fred. this ain't free. >> not if democrats have anything to do with it. you know they will forgive as much of that debt as they possibly can. here's the point, is there
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demand out in the country we need debt-free colleges? college has to be free? if there is that demand out in the country i haven't heard it. gerri: guy? >> let's be clear this has no chance of happening. bernie sanders likes to introduce legislation that goes nower. they'll will be case here as well. there is nothing that actually is free. that is a figment of sort of the left's imagination. a word people like to hear. most people, even many on the left understand that to be a political buzzword. gerri: i hope you have got that right. i often think that the left does like to promote that. let's move on to -- >> they do. gerri: hillary and bill they made a lot of money, $30 million in the last 16 months. is it possible for the two of them to relate to american voters, rich? >> this is an astonishing amount of money. and look, giving speeches it is work, you have to travel places interact with people with you might not want anything to do with but not hard work compared
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to what most americans are doing. hillary will go out there to pretend to be this elizabeth warren populist identifying with quote, everyday americans, when she and her husband have been raking it in had this way. it is gross and a hard case for her to make. gerri: fred, i don't know if you have return, we have a great graph with bar chart on the clinton income sweeping higher and higher and rich says you know they're making a lot of money here. bill clinton says he works very hard for the money on his speeches. do you agree? >> i think he does work very hard but he is not running for president. it is hillary who is running for president. gerri: that's true. >> she may work hard too. she is trying to tell people that she is just a populist and just another person who when you know, she and her husband left the white house they were dead broke and all that stuff. it is not, it is not going to fly with hillary. just another thing that shows you how, any number of people have said totally inauthentic
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she is. i mean to be running the left-wing of the democratic party as i guess rich said, like elizabeth warren, i mean it is just it is not who she is. i don't know who she is. i don't think she knows who she is as a politician but it ain't this. gerri: let's stay in clinton world for another couple of minutes guy. i want you to hear what george stephanopoulos said sunday morning. yet another apology. here is the anchor of abc's sunday morning show. >> those donations were a matter of public record but i should have made additional disclosures on air when we covered foundation. i now believe directing personal donations to that foundation was a mistake. gerri: so interesting, it takes him a couple weeks here to get to the idea that maybe i should have never given the money knit first place. guy, your reaction? >> he is finally correct. he shouldn't have made these donations. after he did he absolutely should have disclosed it to abc and to viewers especially when he was the lead news anchor
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covering this story with the clinton foundation, the group to which he donated at center of it, and grilling peter schweizer about this organization, clinton potential quid pro quo slush fund of money. so yes he is finally saying the correct things but actions speak louder than words. this comes back to the question, of whether or not george stephanopoulos has the capacity to credibly cover a hillary clinton campaign. gerri: that is a great question. it's a great question. i want to read a comment from peter schweizer. he is the author of "clinton cash," who was grilled really by stephanopoulous on that sunday morning show. here is what he says in reaction to stephanopoulous. what is certain that stephanopoulous ethical malpractice of hivedden hand journalism done further injury to essential but beleaguered institution, one battling to preserve legitimacy. that is news no one can celebrate. he calls it hidden-hand journalism rich?
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what do you have make of this to say. i don't know if you saw the interview with peter schweizer boy, it was tough. had you known at the time there was a lot of money exchanging hands you might have had a different reaction to it. >> i think the reason stephanopoulous didn't disclose this probably just would have been so highly embarrassing, in that interview with schweizer to lead it off with the fact oh, by the way i gave them $75,000. to proceed to rake them over the coals. stephanopoulous in that interview, he was one of the first to create the standard if peter schweizer didn't prove a crime, and didn't have a prosecutor's case he could go to court with the next day that there was no story there. obviously that is a ridiculous standard. gerri: fred, do you want to weigh in. >> that is a ridiculous standard, rich is exactly right. the problem in the first place was, when george stephanopoulos was hired, he was hired right out of the white house. he was a very good democratic, very partisan politician. he didn't come to abc, columbia
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school of journalism. gerri: he was clinton campaign. a top analyst. he was deeply involved. didn't you have questions back then about whether this was going to work or not? >> look, abc did this to themselves as far as i'm concerned. what do they expect? a partisan politician and they put him in as an anchor? look george is very smart, there no question about that he is not a journalist. gerri: not a journalist. that is pretty succinct. fred, guy, rich thanks for coming on the show. great interview. appreciate your time. >> thank you, gerri. gerri: we want know what you think. here is our question tonight, is a free college education a right in america? log on to gerriwillis.com. i will share results at the end of tonight's show. we have more, more to come during this hour, including the truth about solar panels. thinking of hitting the skies this summer travel season. think about getting the airport early because a record number of people will be joining you. don't go away.
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gerri: we are a week away from memorial day, yea, the official start of the summer travel season. experts predict it 22 million folks will fly this summer. which would break the record of over 217 million from 2007. look at that if you're planning to travel this summer, what should you expect? we have frommer's editorial director. pauline, good to see you. let's start, memorial day weekend it's a big one. i know you're expecting a lot. why the numbers so much higher this year than last? >> memorial day weekend is a classic road trip weekend and gas prices are really low. so everybody will be hitting the road. according to aaa, they think
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that 5.4% more people will be on the road this year than last that may not sound like much but actually translates to 33 million more drivers on the roads. gerri: talk about flying for a moment which is the way we wanted to orient this thing a little bit. >> sure. gerri: we've got an increase in number of seats on a plane, up 4.6%. there is more capacity out there. the average summer air fare is $454. and that's, you know, better than it has been. i believe it is actually down. >> about 1% better than it was last year. so not great but still -- gerri: thank god for small favors right? >> yes. gerri: passengers flying per day up 4.5%. experts are expecting 2.4 million passenger to fly every day. big changes, more people flying. you say europe is a good place to go this year? >> because the dollar is so strong against the euro. you can get between 20 to 30% more value for your dollar on
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hotels restaurants attractions than you would have six months ago. gerri: so how comfortable is the whole experience going to be flying if there are more seats on the existing plane? >> there are more seats on existing planes, that is coming in the future but they are going to be running bigger planes and having more planes going this year. they didn't have enough time to reconfigure the seats on these planes. that is -- gerri: we had that wrong. must have had that wrong, my apologies. tell me, you mentioned europe. you say that is a great place to go. any other advise for people this holiday season? >> well in winter, you can tell when a blizzard is coming several days in advance. airlines can really figure out where they should put the planes. they should figure out how they should deal with the storm. there are as many storms in summer but they hit at the last moment. so the advice is book the first flight of the day if you can because there is a domino effect
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that happens when planes are canceled. your plane may not be in the right place to get you where you want to go. if you leave earlier you will probably get where you're going. gerri: i was surprised numbers would be so high this summer. i always think of business travelers being an important component. often their travel is in the winter, not summer i was surprised to see the numbers falling. thanks for coming on the show. great to have you here. in other news amtrak is back on strack. trains began traveling between new york and philadelphia this morn, six days after a train derailment killed eight people and injured more than 200 others. amtrak resumed service starting with a southbound train leaving new york at 5:30 a.m. and another heading north leaving philadelphia just after six a.m. trains were running only half hour behind schedule. after lawyers for four passengers filed a lawsuit against amtrak. two cousins from spain and ad
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tell us. >> absolutely. it's a cash cow for them but not everyone else. they're so heavily subsidized not just by taxpayer but a lot of state inventtives. we're not only paying this through our taxpayer money but through higher electricity prices these solar panel beneficiaries receive. gerri: in fact those incentives are so large one writer in the "wall street journal" today calling them a wealth transfer. this is a dirty little secret of solar panels basically. those utility companies, they have to buy back some of this energy from individual consumers. they pay a hefty price for it. explain. is it that's. >> that's right. they're forced by law to buy this electricity back to the grid. because solar is so intermittent, these owners of residential solar panels still have to buy electricity from the grid. so it is a perfect example of concentrating the benefits to the solar residential homeowners and dispersing the cost amongst
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the rest of us. gerri: so, this, what you're describe something called net metering. go figure how they came up this. costs the state of california $1.1 billion. that is a lot of money. >> that is true almost all the states with net metering. costs will escalate yes, price of solar is coming down. that is becoming more attractive to put solar pan necessary on their homes. that means we're subsidizing them all the more. so $800 million in arizona and again, all of these states are forced to buy the electricity so this is very big problem across the united states. not just in california which is the exhibit a for what not to do on energy policy. gerri: very good point. very good point. 5.3 billion is the latest national number for fiscal year 2013. here is the thing that really bug meese about this. basically we're taking money from people who can't have solar panels to pay for people who can
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afford solar panels, have a lot of income, doing pretty darn well. that doesn't seem like the trade we should be making, does it? >> that is the mantra of green energy. the people who can afford it should be able to pay for it with their own money not have it subsidized on the back of people struggling to make ends meet. you have people subsidizing $105,000 electric vehicles and people subsidizing solar and wind projection f the technology is so great, the incentive to buy electricity is all other place. it's a trillion dollar market. why do we need to be putting be footing the bill for it when the wealthy elites should foot it on their own. gerri: you who did we get here, nick? if you say something bad about green nobody likes you. how do we get to the point where elites are being subsidized by people who can't afford the stuff themselves. >> i think it stems back from the problem that people thought we were running out of fossil fuel energy.
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we have 500 years worth of coal and natural gas in the united states alone. so there is, been all of these policies to get us away from fossil fuels. and heavily subsidized renewable energy. even with these huge, huge subsidies, renewable still only provides a small fraction of our electricity generation and hardly any of our transportation fuels. so again it is these policies to try to jump-start industry that have been nothing but going to the pockets of big businesses at the expense of us as taxpayers and as rate-payers. gerri: nick, thanks for that. good conversation. appreciate your time. >> thank you. gerri: in other news, "consumer reports" giving a big numbers down to one of the most expensive cars on the road. the magazine says its testers were locked out of the one of the tesla models. that $127,000 one, because the car's retractible door handles they don't work. according to "consumer reports," the 27-day old top of the line
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p-95-d was undriveable. the door handles are supposed to automatically appear when a driver approaches with a key but it didn't happen. cr says doors and latches continue to be a big problem on tesla cars. hate to pay $127,000 and not be able to start the darn thing right? moving on, the mystery around a mansion fire in washington, d.c. deepens. a wealthy corporate executive his wife, their 10-year-old son and housekeeper were killed thursday in a multimillion-dollar home. now police are calling it murder. doug mckelway is on the scene with the latest. doug? >> hi, gerry. here it is four days of at discovery of these four bodies in this multimillion-dollar mansion a couple blocks from vice president joe biden's compound here and still remains a very, very active crime scene investigation. dead are 46-year-old, savvas savopoulos, his wife 47-year-old amy, their 10-year-old son
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phillip and 57-year-old housekeeper by the name of figueroa. three of the four victims had suffered i should say sharp force or blunt force trauma to the upper bodies. we don't know which one. all of the bodies smelled of gasoline. police say that the burning of the house was an act of arson. mr. savapoulus convertible was found 11 miles east in maryland. it too was torched. they released a video after person of interest. blurry video shot near where that burning porsche was down. there is another housekeeper who was told by mr. have soplous. not to report next to work from thursday. that was followed up by his wife warning her of the same. spoke to our fox affiliate wttg earlier. >> she sent me a text message say i want to make sure you're
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not coming today. come on monday or any other day. and, i called her but she never answered. >> she said that the voice mail message was like mr. savopoulos was under tremendous distress when he made the call. there may be tremendous significance in use of weapon. a sharp object or knife used to commit the crimes. here is what he had to say. >> we see knives weapon of choice, people of latin descent from el salvador or latin america. the housekeeper, also a victim in this case was from el salvador. >> that burned out porsche was found in a neck of washington that is home to a huge el salvador ran population. experienced homicide detectives will tell you a suspect will ditch a car on his open turf, a place where he is familiar. a place where he knows perhaps security cameras are. that note of security cameras,
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this house where it happened has at least two security cameras i see on the outside. i don't know if they were destroyed in the fire. we have not heard that from the police department. from where this location to hyattville, maryland, there are dozens upon dozens of red light cameras, speeding cameras traffic light readers. embassy as have their own cameras. vice-presidential estate two blocks from here. i expect the police have a lot of information they have not released back to the public. gerri, back to you. gerri: doug, any leads out there? any idea what went wrong here? >> number but if you look at just the basic ostensible facts what we know, seems to me sob knew how to gain entrance to this house. there was no forced entry. that suggests to me either a door was left open or somebody knew the people in the house was either invited in, knew how to get in without being questioned. so you know that police will look very, very closely. somebody knew their way around the house.
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somebody knew their way around the yard or neighborhood. gerri: wow, doug, what a story. thank you for bringing it to us. very sad. coming up how high will gas prices go ahead of this weekend's holiday travel? next, looks like a scene from a tv show, as nine people, nine shot dead. a biker gang shootout in texas. we'll have the latest from waco.
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some serious side effects can lead to dehydration which may cause kidney failure. ask your doctor if adding once-a-week tanzeum is right for you. go to tanzeum.com to learn if you may be eligible to receive tanzeum free for 12 months. make every week a tanzeum week. ♪ gerri: welcome back to the willis report. in a moment, the latest on violence at a gathering of motorcycle gangs in texas. but it's time now for a look at other stories in the news. president obama banning the federal government from providing military-style equipment to local police forces. this after police in full-body armor breaking up riots in ferguson. such equipment has a substantial risk of misuse. the death toll from those gm ignition
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switches has reached 104. attorney ken feinberg says the victim's families along with 190 people injured will all receive compensation. gm recalled two and a half million cars last year. it knew about the problems for more than a decade. forget country of origin labeling. you won't know where the meat on your supermarket shelf comes from. labels identifying where the animals were born, raised and slaughtered put canadian and mexican livestock at a disadvantage. president obama has started communicating with the public using 140 characters or less. the president personal and will exclusively using the @potus twitter account. six years in, they're finally giving me my account. those are some of the stories in the news tonight. as we've been telling you several rival motorcycle gangs
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colliding in a deadly gunfight outside a crowded sports bar in waco texas. nine bikers are dead. eighteen injured and 170 arrested in yesterday's shoot-out. police says the it's the most violent crime scene they've ever witnessed. casey siegel is in waco. >> one police sergeant with the waco police department who said this was one of the goriest crime scenes he's ever seen. speaking of the crime scene, well past the 24-hour mark and still a lot of police here at this restaurant in waco, texas. six tow trucks showed up on the scene. we expect them to start towing away motorcycles scattered in the parking lot there. police are characterizing this crime as gang-on-gang violence. the facts and figures no innocent bystanders,
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no other people caught in the crossfire especially when you consider how busy it would have been on a sunday afternoon. waco police say they had been watching this twin peaks restaurant for months because it had become a known hangout for motorcycle gangs. investigators believe at least five of these gangs were involved in this may lay yesterday which started in a bathroom for unknown reasons. (?) quickly escalated and moved outside. >> that disturbance moved into the parking lot very quickly. our officers responded very quickly and appropriately. as we pulled up on the scene, the shooting at individual bikers from bikers turned towards us. our officers took fire and responded appropriately -- appropriately, rushing returning fire. one of the managing partners of this franchise released a statement which reads in
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part. our priority is to provide a safe and enjoyable environment for our customers and employees and we consider the police our partners in doing so. but waco police say that the local management of the restaurant back here has not been cooperative whatsoever with them, leading up to the incident and also following and then there was word this afternoon from the twin peaks corporate office saying that it was going to be revoking this franchise immediately in the wake of this violence, gerri. gerri: unbelievable story. i mean the original reports were that 192 people have been arrested. i think that's been changed. maybe the number brought down. what's happened to that? and do we know how -- you know, who shot whom? did the police end up killing anyone? it sounds like there was gunfire everywhere. >> yeah, it does sound that way. police have said that a couple of the people were hit by their fire. as for the people who were arrested about
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170 that number was revised we started our morning. 195. it dropped down to 170. all of them have been booked into the jail here. and they are still being processed some of them at this hour. but, of course that is what is still going on back here behind us. you have all of the crime scene technicians and the like. they're collecting all of the shell casings. they're looking at the trajectory of these bullets trying to figure out who fired what and when. it sounded like quite a chaotic scene and one that could have been worse had the police not had that previous intel and not had their eyes on this restaurant the moment it spilled into the parking lot. gerri: i know at one point they were predicting possibly more violence. it looks to me over your shoulder the scene is pretty calm now. >> yeah fortunately, it has been quiet. there was a specific threat to the police department here. in the wake of this shooting yesterday the waco police department received other threats
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from additional motorcycle gangs. so they had stepped up their alerts. but fortunately, it has remained quiet here. there is a beefed up police presence as the crime scene investigators continue their job, gerri. gerri: casey, thank you for that. and when we come back gas prices are down nearly a buck a gallon from last summer. what are you doing with that money? well whatever it is, you better do it fast because prices are expected to spike ahead of the memorial day weekend. how high will they go? we'll answer that question. first here's your consumer gauge with the numbers that mean the most to you. ♪
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the show. so 27 cents this month alone. pat: uh-huh. >> seems to be going on everywhere. are gas prices going across the country? >> yeah, all 50 states have seen a weekly increase. two have seen a minuscule decline. look at the west coast. california nevada just through the roof. not only can't they get any rainfall. they can't get any relief at the pump either. gerri: don't live in california. that's the the moral of that story. why are the prices rising? here's the graphic that shows you where the pain is the deepest. as you said, it is california. why are these prices rising so quickly? >> well there's a few different reasons. (?) on the west coast rising crude oil prices are the backseat. and refinery issues are the front seat. a lot of refinery issues. now, the rest of the country what, about 46 or so states, rising crude oil prices are to
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blame. that's why the increase hasn't been so severe for the rest of the country. crude oil prices have been rising slightly. not so much. they backed off that 62-dollar a barrel level they were at last week. hopefully some limited relief coming soon as we hit memorial day. >> i see the pros have all kind of expectations out there. tell me what your forecast is for the weekend and the year. >> i think the weekend will start to see the national average decline. indeed, in california too. so i think everyone should start to see prices dropping slightly. national average memorial day weekend will be about a penny and a half lower than it stands today. 2.69 a gallon. in fact, we're seeing some of the higher summer prices. we'll see the range for the summer, anywhere from 2.45 to 2.75 a gallon. could be worse in areas with refinery problems or if there's a major hurricane. gerri: okay. i want to mention. go to south carolina.
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2.37 a gallon. that's where the cheapest gas is. >> absolutely. it's a great time to be in the south. gerri: it's always a great time to be in the south. >> that's right. gerri: patrick, thank you for that. >> thanks, gerri. gerri: despite the rise, gas prices are still cheaper than last year by nearly a dollar a gallon. what are americans doing with all the extra cash? we're asking bank rate senior vice president greg mcbride. welcome back, greg. good to see you, my friend. so that gas dividend, every analyst on wall street thought this would be the great boon to the economy. how much money do people actually save due to that gas dividend? >> well gerri, this was the pay raise that a lot of people didn't get. the two-car household over the last 12 months, you could save something north of $1,000. it's not chump change. it's a noticeable amount of money to a lot of people. gerri: a noticeable amount of money.
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a lot of people are doing the right thing with the dough. right? there's savings going on. there's some investing. tell us how people use this money. >> well, the lion's share, the biggest response and by more than a two to one margin people were using it for necessities. 40% of americans say they were using it for necessities. and gerri, this is consistent with something else we found a few months ago when 39% of americans said that their top financial priority was just staying current or getting caught up on the bills. it's a reflection of the fact that household budgets are still very tight. when you get a little bit of a windfall. any kind of breathing room like lower gasoline prices. that other necessities whether it's the car maintenance you've been putting off, or the doctor's visit you didn't schedule, they consume the savings. >> the job market hasn't been forgiving for those who want a job or a better job or work more hours. we're seeing prices go up for basic stuff if you're going to the grocery store. lots of pressure on the
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american wallet out there. good news is: savers adding money to their savings. and even some investing going on. tell us about that. >> yeah. about one in four americans -- actually a little less than that -- is either saving or investing the money. that's a little bit lower than a lot of the people expected. the mantra we heard was if people aren't spending it, they must be saving it. as we found, that's a distant second to paying on necessities. the millennials actually surprisingly they were more likely than other age-groups to be the ones to save that money. yet another indication that millennials got the memo on savings. gerri: we have to stop making fun of them. right? they're doing the right thing. let's talk a little about financial security. what are people telling you? you have numbers on this. >> this is good news, gerri. we're seeing some of the best readings we've ever seen here in 2015 and here in the month of may. actually the second highest level on record in the nearly five years
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we've been doing this poll. people feeling more secure in their jobs. they're reporting higher net worth thanks to the stock market and the housing market. they're more comfortable with their debt. because they've paid it down or refinanced as a result they're feeling better about their overall financial situation. savings continues to be the achilles' heel. it will be difficult for people to ramp up spending or make head weighheadwayon savings in a meaningful way. >> i wanted to talk to you about the outlook there. (?) i see a lot of negatives in the economic numbers. the tea leaves coming out. it's very possible that gdp for the first quarter will be negative. we continue to see negative reports on productivity reports and other items that are key to having a robust economy. as you look forward, how do you think people will fair? >> well we're a slow-growth economy until proven otherwise. you look at top-line revenue growth for the first quarter for
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corporate america was basically flat. we're depending upon meaningful growth and household income to power this economy forward, my question is, where is that money going to come from with all those less than stellar stats coming out recently. >> greg mcbride, thank you. google is taking on the likes of amazon offering its own version of shopping button. who will come out on top? stay with us. ♪
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buy items that you might be interested in, taking on e-commerce giants like amazon and ebay. with more on this consumer expert and host of the national syndicated show the clark howard show. clark howard is with us. how does this work? it's a button. how does it work? >> so google has had trouble keeping its mojo in terms of ad revenue growing. when you do a search for a particular item, if somebody pops up who has paid google a sponsor fee, they will pop up in the search results with a buy button there. i think it's a bad move by google because it makes their search results not as trustworthy as they've been to this point. but they're desperately looking for ways to get that revenue boosted again, that facebook seems to be taking more and more of the ad revenue and google is looking for the path back. and they think the
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easiest path is to take on ebay and amazon. we'll see. >> okay. number of -- i want to show online traffic here for a minute so you can get a sense of who the big players are. google 242 million visitors. ebay 125. you can see millions of millions of folks going to these sites. okay clark so i googled best toilet paper. i'm relying on google to give me the best answer. >> right. gerri: no. they're not. they're telling me who pays the most money. right? >> i'm with you totally on that. i think they're off-base with this answer for a couple of reasons. one, the issue of trust that you mentioned. and second think about amazon and ebay. they're laser focused on being merchants selling goods. google, this week they're doing the automated car. next week, they're doing cell phones. and the week after, something else. google is a very successful company. gerri: yes.
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>> but one that seems to have trouble with focus these days. and if you're going to be involved in retail you better be focused. you want proof of that, look at the people of sears and kmart. you have to keep your eye completely on the ball. and i don't see how google becomes a really serious player in online retail. maybe i'll be wrong. but i just can't see it. gerri: wow. that's interesting. so i know macy's is in talks. who else is going to -- i hear some of the retailers are kind of pissed. >> yeah. yeah. because google is saying, you want to show up well in our results you're going to have to pay money. the same issue that yelp has faced over the years where people have had a certain lack of trust with yelp. you only show up good if you pay advertising with them. yelp denies it. the courts have agreed with yelp. think about it online. if you're searching for something. if you're looking for
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recommendations, trust is the greatest currency you can have on the web. and google needs to remember that trust is paramount to make everything else they do work. gerri: i want to mention that this is starting first on mobile. so it's not everywhere you find google. it's just going to be on your phone. right? so does that make a difference to you clark? >> no. but google realizes that the migration is to mobile. they haven't been able to monetize mobile, the way they money monetized desktop and laptop. they're looking for a way to make the mobile squeeze more money out of it for google and its stockholders. and i think this is the wrong way to go about it. but i will say this about e-commerce. it's not necessarily going to be google. there will be a lot of new players in e-commerce that amazon and ebay will have to look over their shoulders at. it's going to become far more competitive really by this thanksgiving you'll have more competition for online
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shopping. gerri: clark, thank you for being on the show. so good to see you my friend. >> sure. good to see you. gerri: and now, it's your turn to sound off. bernie sanders says community college is a right in america. he wants to make sure that happens. here's what you're tweeting me. gavegavin says, no, free education not a right. earned and paid for. bernie sanders is foolish to think college is a right. anyone who supports him is even more foolish. no free ride. sandy: no, not everyone is college material. and i'm so tired of hearing about rights. i believe rights is becoming another word for entitlements. hmm. sandy, good point. in addition to following me on facebook and twitter. be sure to like fox business on facebook. here's some of your emails on deflategate. richard from south carolina: the nfl was responsible for the
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inflation pressure and should have control of the balls at all time. brady should tell them to get lost. i'm a giants fan. don: the absurdity of deflategate is beyond my comprehension. if the balls were deflated where is the advantage? we love hearing from you. send me an email. go to gerriwillis.com. and here's nelson from florida: i'm a bills fan and i think brady should get no punishment. all teams do one thing or another to win. the colts pumped crowd noise to beat the patriots a few years ago in the championship. let braid brady go free. we'll be right back.
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said no. "making money" with charles payne is coming up next. have a terrific night. we'll see you back here tomorrow. ♪ ♪ charles: i'm charles payne and you're watching "making money." is america in a recession? check out this email from one of my subscribers i got just this morning. i've been a small business owner since 2006, and i have weathered some tough times, january, february 2015 have been the worst ever for me. something doesn't feel right. it feels like '08 all over again. well, i have to tell you, it's hard not to argue something is not right with this economic recovery. in fact, check out industrial production. this number came out on friday. negative now for five straight months. then, of course there's gdp. that's how we measure all these things. it could be revised in the first quarter to a negative number. and then come in as a negative number for this quarter. that would be your textbook def
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