gerri: i agree. i hope you feel better. >> oh, i'm fine, never done that, thank you, gerri. gerri: thank you, good to have you on. >> thank you. gerri: what do you think? is it possible to lower tax rates and raise revenue? log on to gerriwillis.com, vote on the right side of the screen, and i'll share the events at the end of the show. almost a town brawl when they got in a heated exchange over the attack on the libya consulate. moderator candy crowley jumped in. with more, bill crystal, editor of the weekly standard. bill, welcome to the show. >> hi, gerri. gerri: what was your response to the exchange? it was pretty heated. >> it was heated. i don't think romney took advantage of the fact that president obama is vulnerable on his -- the way he's managed the situation in terms of security september 11th, and, of course, the misleading statements, senior administration officials like himself made for two or three weeks after september 11th, but mitt romney got distracted in one sentence of one thing

gerri: gerry? gerry? [laughter] gerry?want to ask you the question you brought up the bond bubble. pc and individual investo buying the blinder directly. what would you say? >> parents had a great article between 50 and 70% that is the definition of a bubble to get yield you just have to realize what you get into. i am buying 23 year bonded duration if we do get a bad market this 78 or 9% will turn to dust quickly. gerri: it is dangerous. >> and it is caused by the fed corporations are issuing bond at ridiculous leave the yields investors will lose money because of it. gerri: we will send you a picture as mr. bubble. thank you for coming. we will be right back with a question of the everyone has goals. take the steps to reach yours, with us witheal advice, for real goals. the us bank wealth management advisor can help you. every step of the way. from big steps, to little steps. since 1863 we've helped guide our clients, so they can take the steps to help grow, preserve, and pass along their wealth. so their footsteps can h

gerri: gerry? gerry? [laughter] gerry? to ask you the question you brought up the bond bubble. pc and individual investors buying the blinder directly. what would you say? >> parents had a great article between 50 and 70% that is the definition of a bubble to get yield you just have to realize what you get into. i am buying 23 year bonded duration if we do get a bad market this 78 or 9% will turn to dust quickly. gerri: it is dangerous. >> and it is caused by the fed corporations are issuing bond at ridiculous leave the yields investors will lose money because of it. gerri: we will send you a picture as mr. bubble. thank you for coming. we will be right back with a question of the day. did the european union deserve the nobel peace prize? stay with us. so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's anothereason more investors are saying... [ all ] i'm with scottrade. oh, hey alex. just picking up some, broures, poste

gerri: hello, i am gerri willis. it could be days, weeks before people here in northeast start getting their lives back to normal. the devastation from superstorm sandy, is massive. in aftermath of storm 39 people are dead tonight, in manhattan, 18 people. more than 8 million people are without power, here in network america city especially, much of manhattan still without power, we'll cover other parts of the region as well, city's transit system still shut down and could be for days, but the thousand mile wide storm is moving west today across pennsylvania, and ohio. with winds near 50-miles an hour, it will head back to new york tate later tonight, the storm is getting weaker, forecasters warn sandy could bring heavy rain and flooding, sandy brought blizzard conditions to west virginia, and neighboring states like north carolina, with snowfall nearing 3 feet in some places, some worse damage in new jersey, sandy sent tidal rav tied waivee throughout -- wave surge throughout the night, jeff flock is joining us from

. ♪ gerri: hello, everybody. i'm gerri willis.igns of desperation for the obama campaign as polls show the president's support eroding. today's objective, young voters. president-elect counted on them to get him elected, but now he is learning that they are not full of hope for him as they were last time. probably because while he is in the white house many young people are still living at their parents' house, fcing fewer job opportunities. the president today trying to gin up his base among young voters with interviews at mtv and rolling stone. will it work? here to talk about it top political journalist and commentator, columnist for the new york post and human events editor and radio talk-show host. welcome. great to have you here. i'll go to you first. you know, this in a tv interview we were listening to this afternoon, and the questions are unbelievable of softballs. it's like so, what was your first date with michele like? i mean, is this what passes for journalism with the president? >> i think so. a lot of journalists ar

gerri: gerry gerry? [laughter] gerry?nt to ask you the question you brought up the bond bubble. pc and individual investors buying the blinder directly. what would you say? >> parents had a great article between 50 and 0% that is the definition of a bubble to get yield you just have to realize what you get into. i am buying 23 year bonded duraon if we do get a bad market this 78 or 9% will turn to dust quickly. gerri: it is dangerous. >> and it is caused by the fed corporations are issuing bond at ridiculous leave the yields investors will lose money because oft. gerri: we will send you a picture as mr. bubble. thank you for coming. will be right back with a question of the all energy development comes with some risk, but proven technoloes allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by moniting air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and

gerri: gerry? gerry? [lghter] gerry? i just want to ask you the question you brought up the bond bubble. pc and individual investors buying the blinder directly. what would you say? >> parents had a great article between 50 and 70% that is the definition of a bubble to get yield you just have to realize what you get into. i am buying 23 year bonded duration if we do get a bad market this 78 or 9% will turn to dust quickly. gerri: it is dangerous. >> and it is caused by the fed corporations are issuing bond at ridiculous leave the yields investors will lose money because of it. gerri: we will send you a picture as mr. bubble. thank you for coming. we will be right back with a question of the he. gerri: some europeans must be beaming with pride after the european union won the nobel peace prize, there are skeptics saying come are you kidding me? what do you think? did the you deserve the nobel peace prize? if we ask don gerriwillis.com, and 3 percent said yes, 97 percent said forget about it. a beautiful piece of americana

gerri: to you. know, now the real pressure, the real interest is on the november on a plan a report. what is that going to show? confirm we saw in the report today or go back to what we have seen for months and months and months now? what do you say? >> to be fair, the payroll survey is contingent -- contending much of the same. modest job growth, not really strong enough to count as a recovery. and that picture has not changed the household survey showed a drop in the unemployment rate. those are real numbers, based on surveys. the real question is, which one is giving us the better signal right now. i have seen times for these two numbers are giving as mixed signals, and almost always sort themselves out in a month to. gerri: this is a critically important time for some people. and it is very, very interesting appreciate all of you coming on tonight with a very different perspectives and having somebody who actually worked in the bls is terrific. thanks you so much for coming on tonight. >> you're

gerri: no excuses? >> no excuses. gerri: thank you so much. great job as always. >> thank you. >> thanks, gerri. gerri: last night's debate was conversational more than expected and there were zingers, our top picks of the best. number five -- >> obamacare is on the list. i use that term with all respect. >> i like it. >> okay, good. gerri: we're fond of that too, but not for the same reason as you. number four -- >> i'll stop the subsidy to pbs. i like big bird. gerri: making big bird a star with saturday night live, jimmy fallon, all trying to book the star. his people saying he's not talking to the media. we were turned down by big bird. it's appalling. number three -- >> and at some point, i think the american people have to ask themselves is the reason that governor romney is keeping all of these plans to replace secret because they are too good? gerri: romney is planning to give a number of policy speeches filling in the details that obama says are missing. here's number two. >> don't forget, you put $90 billion, like 50 years worth, of

gerri: "this is it." the last night candidates square off for only 15 days away we will have reprieve be with the political analyst out there. your taxes will go up. this is the list report. -- "the willis report". gerri: hello everybody. tonight is the night. the final debate last chance to see the candidates go head-to-head. tonight's topic is foreign policy. the president was leading by 15 points but now it has all but disappeared. the challenge is for mitt romney to take advantage of the president's weakness. tonight we have jason chaffetz of utah. great to have you. governor romney, we are fascinated by what he will lay out. what will he say? >> we will talk about china and the economic impact. when we deficit spend $3 billion per day, there's the economic impact. mitt romney has a stronger vision. dealing with china, making ourselves more globally competitive also libya libya, israel, syria, iran and the explosion of terrorism we have seen recently. i look forward to the discussion on china. gerri:

gerri: all right.he fiscal cliff will no doubt hit regular investors hard. many lost faith in the stock market pulling more than a hundred billion dollars out of mutual stock funds out of fear since 2009. the former chairman of the securities and exchange commission joins me now by telephone. chairman, thank you for coming on the show tonight. great to talk to you. it's been yeahs since i talked to you, and i want your opinion on this move, this free-for-all by small investors out of the market, runs away. 46% of americans say they own stocks today. 53% did in 2001. what's causing this? on the phone: i think there's general fear with all the scandals seen, the insider trading episode, the glitches that shut the market down, high frequency trading that nearly drove securities out of business, a whole seeshz of events like that since 2008 scared the heck out of the average investor and forced them to lose trust in our market, sell their funds and sit on the sitelines. gerri: you were a proinvester advoca

i'm gerri willis.he united states and china on the verge of a new high-stakes, high-tech war that some say we are already losing. an explicit congressional report a year in the making out today blasting to of china's biggest telecom companies saying they cannot be tested and should not be doing business in this country. the two companies are accused of a host of illegal activities that include everything from bribery and corruption to emigration fraud. what does it mean to make joining me now, k. t. mcfarland and former dick be secretary of defense and china expert gordon chang, author of the coming collapse of china. i cannot imagine a better panel. i am going to start with you. reading you some of the results from this report. chinese actors are also the world's most active and persistent perpetrators of economic espionage. u.s. private sector firms and cyber security specialists reported ongoing onslaught of sophisticated computer network intrusions that originated in china. what is the real risk he

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gerri: bow howdy, what a sell-off that will be. >> yea. gerri: always great to talk to you.nk you, gary. tech headlines weighing on minds of investors and consumer, facebook reports slightly stronger earnings sense its soaring after hours, and even though late steve jobs said it would never happen, apple unveiled the much anticipated ipad mini. is it worth the price? lance, i have to start with the ipad mini. you said that you are not necessarily a fan, why? >> well, it is less of everything. it you know i have my ipad, it is 9.7-inch device, a big screen, i enjoy it i kind of love it as tim cook said, this is a smaller device that costs a heck of a lot more than other competing devices in the same size range, $329 at base. gerri: some so the question is, can you use it to do everything you would use an ipad for? >> morer less, yes. it is right into apple eco system, is has all that, that is the nice thing about what apple does, all of these devices support the apps and all, pad apps, but this is a smaller device. you will use that mostly for media consumption, reading books

gerri: hello, everybody, i am gerri willis for the candidates are prepping for the first debate jt over 24 hours from now. if you look at te headlines, it looks like media is already calling president obama the winner. even before he and mitt romney were on stage. joining me now is the democratic strategist, editor for the national review. i can't think of two people better to talk about this issue. i going to start with you. the first debate ialready over his style, president obama, in his gop challenger needs to shine in the debate. what do you say? >> well, so much for the expectations game. the media doesn't pick winners, voters pick winners. that is why we have elections. they are smart enough to understand opinions and facts and all of that. they are really good at filtering it out. after all the early voting that is done, 9:00 o'clock on the west coast, it is the voters that have the last say and that is the way it should be. gerri: okay, rich, the public says that 61% of those polled by fox news says that the media wants obama to win. >> yes, i think it is right. in 2008, it was

gerri: gerry? gerry? [laughter] gerry?e question you brought up the bond bubble. and individual investors buying the blinder directly. what would you say? >> parents had a great article between 50 and 70% that is te definition of a bubble to get yield you just have to realize what you get into. i am buying 23 year bonded duration if we do get a bad market this 78 or 9% will turn to dust quickly. gerri: it is dangerous. >> and it is caused by the fed corporations are issuing bond at ridiculous leave the yields investors will lose money because of it. gerri: we will send you a picture as mr. bubble. thank you for coming. we will be right back with a question of the from currency trading for a few to a currency market for everyone. the potential of fxcm unlocked. nyse euronext. unlocking the world's potential. the potential of yelp unlocked. nyse euronext. unlocking the world's potential. oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in ca

gerri: lrpt.sk because hhs just complied with the request for information delivering what i understand to be reames of material, reames of information. you told me before we talked an inch and a half worth of documents. issa said he'll subpoena hhs anywayment didn't you get way you wanted? >> no, we made the request. we had a hearing on this in july. we made the formal request august 1. they didn't comply. we had multiple calls, phone calls, e-mails, follow-up letters, and hhs says tomorrow, tomorrow, tomorrow. we e-mail them and said can we get it tomorrow, and they said we have our fingers and toes crossed that we get it tomorrow to get it done. we expected this to come and to come, but it's not coming. we threatened a subpoena that if we don't get the documents late today, they send us spread sheets, worthless information, to say they sent something and we'll get the rest late in object. we asked it in august. they are trying to stall it until after the lix. we need the information we requested

gerri: one dr.e galvanized not just for doctors but for patients. >> he is in the swing state of ohio. the jackson health survey says 65% of physicns will vote to four mitt romney. wh y start telliling doctors with a cand cannot do all so afraid of edicare independent advisor report one treatment is better than anher summit is not proven all of those are in jpardy. >> if the afforble care is not socialized medicine it will lead to whip. not say liberal ofession but a government job. >> it will lose quality because phicians can only be great patient by patience. re and more doors who workor large group of private practice wl be extinct people have nowher else to go for ic a big problem for doctors under obamacare. over regulators. >> and businessmen. >> representing patience. >> i agree. will be the show next week. always good to see you. >> what ofthe arest-- of wall street history d remember? remember? twenty-fivei've beeought i coul, and i wished it would just go away. [rock music playing] it was

gerri: one dr.ding a letter trying to get people galvanized not just for doctors but for tients. >> he is in the swing state of ohio. the jackson health survey says 65% of physicians will vote to four mitt romney. when you start telling doctors with a candor cannot all so afraid of medicare indepeent advisor report. one treatment is better than another summit is not proven all of those are in jeopard >> if te affodable are is not socialized medicine it will lead to whip. not say liberal profession but a government job. >> it will lose quality because physicians can oy be great patient by patience. more and more doctors who work for large group of private practice will be extinct pople hve nowhere else to go for ic a big problem fordoctors under obamacare. over regulators. >> and busissmen. >> representing patience >> agree. he will be on the show next week. always god to see you. >> what of the darkest-- of wall street history d remember? twenty-five gerri: fox business alert. u heard it hear first.

gerri: it's a normal response. >> there you go. gerri: good luck tonight.now it will be rivetting. >> thank you very much. gerri: watch neil tonight here on fbn at 8 p.m. eastern. it's going to be fascinating. unlike the first debate, stakes are high for both candidates, not just mitt romney. president obama is making up for his performance, but will he rise above the pressure or crack under it? deputy secretary defense, fox news contributor, o'connell, the chairman, and former mccain adviser. interesting, pugh polled folks tonight, and president wins tonight, 41% to 37%. what are your expectations? >> you know, i think that's a right -- look, i cam waned against both president obama and mccain. the key for president obama is to go out there and say, look, america's recovering. mitt romney's plans for the future are hard wash, and they are going to hurt america. mitt romney's got to say, look, i got a plan to make america recover faster, and my policies will improve the lives of all americans over four years. that's what they try to do there. romney has to

gerri: a point.at they will talk about tomorrow, preventing errors in trading car responding to market crises once they have occurred, so it will take this on with people who are inside the industry and people who are critics of the industry. how should they go about either regulating this or changing it or fixing it because you know as well as i do that investors have lost confidence in this market. only 15 percent of americans say they trust this market, and that think this is one of those issues that goes to the heart of that. >> i think they have to find out what the simplest and most direct way is to get to the heart of these problems. we cannot have these technological glitches as we have seen. it is critical that the government prevent people from unleashing technological programs that have not been fully tested and that are not protective of the public interest. gerri: well, there is something called a kill switch the people have talked about. is that a fantasy? the chicago fed has warned of

here comes gerri willis. ♪ gerri: tonight, what gender gap?un the race is president obama's lead among women with 12 days to go. hour countdown continues. and can we just the impression we're being given by our government? more jobs numbers and more questions than answers. i'll break down what you should be suspicious. welcome to "the willis report." ♪ gerri: hello, everybody. i'm gerri willis. but the election 12 days away, president obama was out hawking his new plan to its use the economy. since it is only a 20-page pamphlet it is hard to keep track of. >> my plan. [laughter] i found my plan. here is. gerri: no surprise there. no plan. if it is obama's last-minute ploy to distract voters that he has dropped the ball on the economy. obama can count on one of them and that is his own. the president voting early in his hometown of chicago the first time ever for a sitting president. my next guest is making sure he is not sitting in the white house for long. joining me now, former governor of new hampshire and senior adviser to the romney campa

gerri: thank you. well, as president obama and mitt romney square off tonight they will do so under a strict set of rules. these guidelines have been established by the commission on presidential debates. that is a real thing. here is the format. six, 15-minute segments. the first three and the economy followed by health care and the role of government. the moderator from pbs will ask president obama the first question and then candidates will alternate for all 90 minutes. for each question the candidates will have two minutes to respond and are not permitted to talk to each other. much more on the debate when i'm joined by one of the smartest political minds and politics, call growth. you don't want to miss that. all right. both candidates will be trying to win over undecided middle-class voters, and the big concern, who has the better tax plan. romney floating a new idea. today at of the debate which includes a cap on itemized deductions. for more on this on joined by scott hodge, president of the ta

. ♪ gerri: hello, everybody. i'm gerri willis. breaking news.urricane sandy set to make landfall at any moment. maybe as soon as to the 30 minutes near atlantic city new jersey. now, so far the storm has left 850,000 people, a million people without power tonight. possibly as many as a million according to some reports. the number is him of course in a rapidly growing. the hurricane will continue to sign the east coast with strong force tonight and into tomorrow. new jersey, delaware, pennsylvania, parses a maryland in storms direct path. in new york city the strong wind gusts has caused a construction crane to collapse at a luxury high-rise building in midtown manhattan where it is now hanging on by a thread. no injuries had been reported, and residents have been evacuated. bridges, tunnels, trains also shut down in the manhattan area. the hurricane combined with a nor'easter is expected to stretch into the great lakes with up to 3 feet of snow forecast in the mountains. the appellation reason especially west virginia. airlines have canceled do

gerri: it is critical.ink about it it is an interesting set up and candidates are sitting at a table rather than standing at a podium. what is your expectation for the tone of the debate or to have a guy 27 years difference between these candidates to be facing each other and talking about the issues? >> sitting down at the table, a lot tougher to get aggressive and go on the attack. the setting itself will diminish the tone of little bit. i am not sure, i think both paul ryan and joe biden will try to get around that. it won't stop them being aggressive war going on the attack but it does limit the ability to do that somewhat. joe biden has been debating -- i remember dick gephardt against him in 1988 for president. he has been through a lot of the base and is probably rusty because he hasn't debated since four years ago against sarah palin, that that rest will go off early in early minutes. this will be a very engaging debate. i'm excited to watch it. gerri: we are excited to see it. new polls show paul r

stay with us gerri: casino mogul gerri: is the president out of luck?is he a brisk four american businesses? let's ask our experts. great to have you both here. i want to play this sound bite from steve wynn to give you a sense of what he said. >> i'm a job creator, guys like me are job creators and we don't like having a bull's-eye painted on our back. i can't stand the idea of being demagogue. gerri: strong words, of course, and when is a mobile of wynn resorts. how respond that? is he one of many tos that deals put off by the president? >> he was a former obama supporter, and he has fallen off the train with good reason. uncertainty has to be the number one reaso. the president spent an entire year working on that health care law. after that, you had the offering. businesses are sitting and waiting to have washington tell them what their costs are going to be in relation to those two laws. and i think he is right. the obama administration is sitting on the peoples backed. gerri: jump in, i hear this from so many people. i don't know what i can do, i

. >> hello, i am gerri willis. for first time since hours hughehurricane sandystruck the e area tonight but serious problems remain with mass transit still not operating, people piling into city nascar, huge traffic jams, 6 avenue, trips that normally took 20 minutes took up on 3 hours, cell phone, and land line service not fully restored. there were problems at new york stock exchange. which was finally up and running. at least 61 people now confirmed dead, and about 6.5 million homes and businesses still without power, 4 million of which are in new york, and new jersey. and it seems reminisce en of hurricane katrina look at this nypd used helicopters that is to pluck people from rooftops in some new york city neighborhood, new york governor cuomo said limited come outer rai outer ral service has resumed. some commuter trains are still without power, some trashes washed away. the water making the important decision, amtrak service on north east corridor is mostly suspected. stranded air travelers get something rel