. ♪ ♪ gerri: hello, everybody, i'm gerri willis, right to the top story. woman at the center of the irs scandal may be forced to come out and speak. lois lerner refused to answer question about the targeting of conservative groups declaring she did nothing wrong. the house oversight committee today ruling she waived the 5th amendment rights and can take her to federal court if she refuses to answer for her actions. joining me, director for public notice. gretchen, welcome to the show. great to have you here. did she waive her 5th amendment rights? >> she did the moment she openedded her mouth and spoke was the moment she waived her rights. she had the chance and opportunity to tell the committee and tell the american public her side of the story without allowing any of the members of congress to ask any questions and ask -- and let the american people know the other side of the story. >> well, congressman agrees with you. here's what he had to say. >> yes, she has a 5th amendment right to remain silent. she sat there and could have said nothing. we had a w

gerri: in fashion tonight, half.ng with accessory into your wardrobe. playing after summer look. welcome to the show, it is great to have you here. eugenia whether. you have a great story about how you got started designing hats. >> when i'd had a few too many drinks and decided it was a good idea to cut my own hai gave myself a bad haircut, had to shave it off, hence my logo, it is me with a shaved head. i staated making half the like ircuts, and then because it was really cold in the winter. then i was shopping and people starteasking me when i got the hat. gerri: you start with the material? >> well, we start with some materials. we centered around trends, sometimes i love this color or shape. and then you just kind of like -- you know, play with different shades and there is the great gatsby movie trend that is really based on hats, the mod 60s look has been going on for a little while. there a lot of women who want to look white noise and ave a men's fashion moment. >> it is cute, though. >> invisible ethnic tre

gerri: well, okay.e, my friend. >> isn't it something that should be between the employer and employee as they negotiate? the government stepping in telling the employer what they mist do, manate under the law in new york affects over a million people. what te enforeseen consequences for usiness is undually burded by this, and that means here's e problem, here's the catch, that means theywill cut back on other things like acation time or retirement funds or things like that because the small business, the small employers, have not factored in this extra ost, and theyill beutting back on other things, and maybe even, bill, laying off people or no hiring them because they are worried about this. gerri: bill, how do you respond to that? >> the reponse is smple. you have to consider that 74% of employers in new york already offer it anyway, okay? they found in those particular instances in a fiancial impact animal cyst was done by the ity council before the lay was passed, and they -- >> you said over. >> t

gerri: have a great weekend. gerri: you do the same.r a look at the stories you're clicking on. enough is enough. the bleeding stopped on wall street. to pater a 2ornay plunge the mat ended in a green today. maybe they will not get so spooked next time the fed talks about ending stimulus measures. get reasam to pay more for your latte. starbucks is hiking prices on average by 1 percent nationally on tuesday. that comes up to an increase of $0.10, but for those who drink lattes, it will be more like rc.4cen the vintage computer from 1976 goes on the auction block at christie's ne tht week with the bidding starting at $300,000. estimates have a calling for3 closer to half a million. more competing action. about 200 of these computers remain, but only 40 still exist. good news for alec baldwin. the government is moving toward easing its -- restrictions on electronic device used during takeoff and landing. those are some other hot stars right now on foxbusiness.com. coming up later, the government getting involved in the housing market, but

gerri: love the shape. >> love at; right? gerri: very pey.something elegant; right? gerri: all planned out. i'd put it on, ad i couldn't. >> you might not want vail, but you need something in the hair. gerri: good point. >> there you go. gerri: this i the dress i'd wear. >> your style. it's my favorite. it's sophisticated, absolutely beautiful, and it's got the waist, and, again, david's bridal, $399. gerri: unbelievable. >> i know. it's a huge trendhat works beautifully in bidal. gerri: hope itdoesn't go away. how do you access rise that? >> it stands alone, but a bride can add thei own statement necklace, absolutely fabulous, edgy, taking the gorgeous gow to a completely different level. gerri: iwould do earrings. how much artrends changing? there's used to be stodgy, yucky dresses for mother of the bride and second time around, maybe yowear a suit; right? >> right, right. things are different. a loof people, you know, who are over 40, they look fabous, lo as good as a bride. they want to show their bodiee off and want to celebrate, and, yo

. ♪ gerri: hello, everybody. gerri willis.onight on "the willis report", the advertising this tablets for obamacare continues. the nfl is recruiting young men to sign up. the irs hit with another scandal sending tens of millions of dollars in refund checks to illegal immigrants. at one address. how do you do that? tips to help you travel like a celebrity. we're watching out for you tonight on "the willis report." ♪ gerri: tonight's top story, the success or failure of obamacare hinges on one key group, young people. young, healthy people realizing how essential this group is, the obama administration is about to kick off a summer ad campaign trying to get help from major sports organizations, including the nfl, nba to persuade young of the americans especially men that they should paid thousands of dollars per year f insurance. with us now, senior fellow at the manhattan institute. kendis idea work? >> not won the rubber meets the road because a lot of these and people would face potentially hundreds of thousands of dollars ou

. ♪ gerri: hello, everybody. i'm gerri willis.onight on "the willis report" new questions about safety at construction sites all over the country. as the fallout mouse from the deadly building collapse in philadelphia. also, it is the biggest dragnet of consumer information and our nation's history. the uproar grows. >> you can't have 100 percent security and also then have 100 percent privacy. gerri: the market's jump. the dow higher for the week. how do you lock in profits? we are watching out for you tonight on "the willis report". gerri: all of that and more, but first looking for cheaper prices and convenience. consumers are turning to online pharmacies to buy their prescription drugs. most of us are unaware of the hidden dangers. it is stimated that over more than 36,000 web sites selling prescription drugs, only 270 illegitimate. another 1500 may be legitimate, and they're not. with more on this, the ceo of vital spring's technology. thank you for coming back on the show. good to see you. i want to start by talking about so

gerri: i am confused here. it is my sense of this story that all of these union organizations -- that is the best way of getting into the pockets of medicare and medicaid. many of these people are not as family members. they are also people that work for organizations and hire themselves out for this very kind of work. would you say that? >> that is true. the pew research foundation did a study. these people taking care of sick relatives. but yes, there are independent contractors out there. the difference is that those independent contractors. gerri: it's like it's likely to reach the federal government's balance sheet. a couple of numbers on their numbers. this is just a big pot of money for the unions. at the end of the day, isn't this right? >> that is what they are doing. they are trying to extort dues money from those members taking care of family members. it took the governor in michigan, two pieces of legislation. it took the attorney general. almost $35 million. other states should follow the suit be o

gerri: where? it's over 15 days it is basically like rental income, you report that the schedules c of your personal tax return and the abductions of setting the income. gerri: what kind of deductions? >> deductions that would apply to the rental and, things like a parsing year mortgage interest deduction, your real estate taxes can buy insurance, but then there could be more pertinent expenses relative to the rental income, things like advertising, costa putting the ball more of the web sites out there. it could be for any repairs are made and it's made during that time. so those types of things, but you can't have more deductions than the rental income. gerri: you can take a loss. >> you can't take a loss. gerri: it is tricky. the people get this from a live? with is to be difficult to duped >> people get it wrong because let's face it, lot of this stuff is done in cash driveways in garages. around here you get a pretty penny year round just to try and get a spot. it's amazing what it takes, how

gerri: hello, everybody. i am gerri willis. now doing it like the airlines, stingier service. also, are we really running out of water in this country, and is an opportunity to make money? the latest in healthy eating. the result of a new study could help you live longer. we're watching out for you tonight on "the willis report." gerri: more on those stories in just a moment including the steep selloff in stocks. the dow falling 215 points today, but we begin with troubling new questions over the government's role in the housing market and how exposed its leaves us taxpayers. the fha which now guarantees a third of all mortgages have admitted the losses could hit, get this, $115 billion. now that number far worse than what we were led to believe. with me now, former fannie mae executive. you and i have talked about this a lot over the years, what gives? this was supposed to be the the transparency administration. now we find this number, they sure did not share it with us. why? >> they did not share it because it was embarrassing, not consistent with what they were trying to t

." ♪ gerri: hello, everybody. i'm gerri willis.onight on "the willis report" crux steal your personal health information. tonight we will show you how easy it is only had into the system ourselves. >> also, a new danger on the roads. aaa is here to warn us about what they're calling a public safety crisis. and big box stores towing gourmet. how good is the fresh brewed target? we're watching out for you tonight on "the willis report." ♪ gerri: we will have all that and more coming up, but first, wild and powerful thunderstorms hitting the midwest. said to affect around one in five americans. the stream weather could spark up massive storm of strong straight line winds spanning at least 240 miles. here with the latest, fox news meteorologist. what is going on? >> a big storm system right across parts of the planes. three different watches, one across areas of montana which is not the big event. that is right down here across parts of iowa, minnesota, wisconsin, and illinois. a tornado watch in effect until 9:00 p.m. also a severe th

gerri: thank you.h my two cents more and answer to the question of the day, do you invest with your head or your heart? ith yr head or your heart ♪ wi the spark miles card from capital one, bjorn earns unlimited rewas for his small business take theseags to room 12 please. [ garth ] bjors small busiss earns double miles on ery purchase every day. produce delivery. [ bjorn ] just put it on my spark card. [ garth why settle fors? ahh, oh! [ garth ] great sinesses deserve limitereward here's your wake up call. [ male announcer ] gethe spark business card from capital one and earn unlimited rewards. choo double miles or% cash back on every purchase every day. what's iyour walt? [ crs ] now where's the snooze button? woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate increases ] man: a few inches of water caused all this? [ heart rate increases ] woman #2: but i don't even liv. what you don't know out flood insurance may shock you -- including the fact that a preferred risk pol

gerri: thank you.with my two cents more and answer to the eson of the day, do you invest with your head or your heart? ith yr head or your heart ♪ gerri: a fox business alert for you now. the food network announcit wi not rnew paula deen's contract amid the cntroversy surroundg the admission of using racial slurs in the past. t announcement coming abt an hour after deen posted online the firstf two videotaped apoloes to try to repair that damage. it all came out as a result of court documents for scrimination lawsuit filed last year by a former employee revealing deen admitted to using the n" word saying, yes, of course, but it's been a very long time. the contract with he network airing three shows featuring the 66-year-old's chi expirat the end of the month well, after a woday stok plun, stocks re uch more stable today moving between small gains and losse o do you invest with you heartlike yd like today asked the question on gerwillis.com, and 9 said heart, 91% said heart, huh, okay, i believe you. c

%-gerri: hello, everybody, i am gerri willis. tonight on "the willis report", important new information you need to know. also, the markets can't stop thinking about the feds. we will have the money moves before this week's big meeting. and the new diet craze sweeping the nation. we are watching out for you tonight on "the willis report." ♪ ♪ ♪ gerri: our top story tonight is to automakers vehicles getting called out. but only one is issuing a recall. expanding the recall in general motors for an additional 2000 suvs. even if the car is parked, it has potential for a fire. and jeep s not going to issue a recall for several million chiefs who have a problem. let's get right down to it with our first guests. the gm recall, why did they not do this sooner? what do you make of it? >> well, this is really an issue of a recall for one specific reason and later on they figure out that the same problem could also be caused by a different reason. causing the same outcome. it was just a matter of they thought it was one thing, it turned ou

gerri: absolutely.hank you for coming on. >> glad to be here. gerri: unbelievable. up next, live better and spend less. youtube been shot like the abridged on a budget. and we answered the age-old question, by release? stay with us. ♪ something complely different. i met a rtle friend today so, you don't get that very often. it seemed like it was more than happy to have us in his home. so beautiful. avo: more travel. more options. more persona whatever you're looking for exdia has more ways to help you find yours. how old is the olst person you've known? we gave people a sticker and had them show us. we learned a lot of u have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed much is the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ given way to sleeping. tossing d turning have to enjoy all of these years. where sleepless nights yield to re

gerri: hello, everybody. i'm gerri willis. tonight on "the willis report" a little girl's fight to get a life-saving lung transplant. a special report on the open -- organ donor network. also, 30 year mortgage rates jumped. will the spike in borrowing costs hurt the housing recovery? and want to make money? stocks and bonds not for you? >> by something that you loved. learn about it. gerri: the big returns from of the investments. watching out for you tonight on "the willis report." ♪ gerri: we will have all of that and more. first, our top story, big brother watching you or in this case, listening to you. a top-secret court order is forcing verizon to hand over millions of its customers' phone records to the government. but just how much freedom should you sacrifice for national security? joining me now, senior policy council for the aclu and former federal prosecutor, michael wilde who has testified on capitol hill in connection with the anti-terrorism legislation. i will start with you once that. how extensively is the gove

. >> hello, everybody, i am gerri wiis. tonight on "the willis report dennis: how safe are these life-saving drugs? also, the ugly fight over a family forte. and in fashion from the must-have accessies of summer. >> this is gorgeous. we are watching out for you tonit on "the willis report."3 ♪ ♪ ♪ gerri: we have all of thatand more oming up. our top story is stories the safety of america's meat in question. >> i have to tell you that hen i heard that this story occurred, this iconic american brands waseing bought by a massive chinese food company, i was very concerned. should i be? >> people in hong kong who buy these products, because it is an american company, they stopped buying it a couple of days ago. everyone knows how bad things are in china. gerri: okay. 4.1 billion pounds last year were shipped to china. let's talk about the amount of inspection tt goes on. one to 2% by the fda, the usda, the inspection of chinese foods impoant to our country. >> thas right, in march and apl, they pulled out nearly 20,000 pig carca

." ♪ gerri: hello, everybody. i'm gerri willis.onight on "the willis report" is america letting down our heroes? veterans claim they're waiting years for benefits. also, young people and obamacare we are investigating the impact for this group of americans. and don't sweat to the summer heat. take the steps now to lower your electric bill. we're watching out for you tonight on "the willis report." ♪ gerri: let's get right to it. our top story tonight, broken promises and corruption plaguing our nation's brave men and women. %-disability claims growing, and the people in charge of helping our heroes are busy collecting bonuses. some are even doing union work full-time on the taxpayers time. joining me now with this outrageous story, ceo of concerned veterans for america. tokamak to the show. >> thank you for having me. gerri: you know, i looked at this story in this story. i don't know how what is possible that 850,000 veterans are waiting for benefits. how does this happen to back. >> it is a national of rage. it is when the govern

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gerri: absolutely.hank you for coming on. >> glad to be here. gerri: unbelievable. up next, liv better and spend less. youtube been shot like the abridged on audget. and we answered the age-old question, by release? stay with us. ♪ vo: traveling you definitely end up meeting a lot more people but a friend under water is something completely different. i met a turtleriend today so, you don't get that veroften. it seemed like it was more than happy to have us in his home. so beautiful. avo: me travel. more options. more personal. whatever you're looking for expedia has more ways to help you find yours. at od, whatever business you're in, that's the business we're in. with premium service like one of the best on-time delivery records and a low claims ratio, we do whatevert takes to make your businesour business. od. helping the world keep promises. gerri: next on your shopping, don't be surprised if you run into a prince harry at the checkout line. the rich are bargain hunting. prident of talented clients

gerri: you put it so well. i'm all in favor of homeownership, i believe in it, i think it is good for communities and for families, but not this type of price. great to see you. on two hotels. yes, we're talking about hotels ordering breakfa in bed it could be a thing of the past as we told you st night. hiking rates while cutting services. joining me now with details, senior project editor for consumer reports. both come back, always good to see you. so here is what i see, and maybe u dsagree. i see room rates rising, amenities going down, and i am caught in the middle of that. agreed? >> to some extent. there is no single hotel for everybody. they run from low-cost budget econolodge to the ritz-clton and the four ason there is no one type, people are getting the rates going up, the hotels are starting to get improvovements been neglected fr so long when the economy was in the tk. getting more things like free breakft, not just free continental breakfast but hot cooked to order breakfast. wi-fi througho. these

gerri: thank you. cents more and answer to thhe question of the day, do you invest with your head or your heart? ith yr head or your heart ♪ alec, for this mission i upgraded your smart phone. ♪ right. but the most important feature of all i.. the capital one purchaseraser. i can redeem the double miles i earned with my venture card to erase recent travel purchase d with a few clicks, this mission never happened. uh, what's this button do? [ electricity zaps ] ♪ you requested backup? yes. yes i did. what's in your wallet? [ lap! ] [ slap! slap! slap! slap! ] ow! ow! [ male announcer ] your favorite foods fighting you? ght back fast with tums. calcium-rich tums starts working so fast you'll forget you had heartburn. ♪ tum tum tum tum tums gerri: a fox business alert fo you now. the food network announcing it will not renew paula deen's contract amid the controversy surrounding the admission of using racial slursn the past. the announcement coming about an hor after deen posted online e first of two vide

gerri: $49. >> boom u.s.a. gerri: absolutely.ut this is you can throw it in your bag and it is really small. i am used to this. why not? >> well beuse it is father's day this weekend. coming in with an extra $20 off and 79, but the really upgraded its of the use of a frost facing camera. wi-fi, down loveovies, let's netflix. i mean, to me this is an entertainmententer. gerri: younow what i would do? and put my guidebook on it. a city or town, i would be able to get all the info that i need. the brush. >> i know you are really a frustrated artist and art. what you can do with this is take this. 's a paintbrush. like that. a digital paintbrush. so now you take it, download a painting the star painting. and you can really havsome fun. and the best part about it, no fing-pointing, no mess. gerri: that's perfect. the kids born in the backst, $40. you're de. >> exactly. this is neat. $39.99. you can go pick it up and it is easy to throw in your bag. gerri: yes you n't have to have a lot of space. now we have all monitor. >> any that fo

gerri: would. gerri? what y do? do, i would simply buy stocks that are not pred by the marke is. there are stocks that are priced cheap. fees 1/6 t ten. gerri: aret you exposing a massive sl-off? why the need to buy cheap? wouldn't it be an opportunityo go innd buy things that maybe were on your to do list, your wish list? wouldn't that be a smarter way to go? >> because think the stocks that are cheaper not going to t much cheaper. the broader averages are definitely. the w could go from where it is now eventually backo 14,000 on a sizable crection. the&p to 1500. i expect a fairly sizable coection, tapering or no capering gerri: what do you say? >> i wld agree. the downside is there. e other guest as well. put options are anffective way of insuring againsthe downside. less complated would be moving cash to the sidelines. some battered sectors. gold is attractive. avoid the dollar. the dollar day. we have broken the 150200 day moving averages. meanwhile, you have the daily, ekly, monthly chas for goal whh are shapi

gerri: really?e value of the bonds goes down we know there is maturity data out there on when you're getting your money back. the bond fund, if interest rates go up the value goes down and you have no idea when you'r getting your money back. >> that's a very good poi, and one of the criticisms. as you're pointing out,he bond market is not just one plain vanilla market. all kinds. you like intermediate bonds? intermedia corporate? what do you think of treasurys? at about municipals? where will the value lie and what will happen t these dividual marketplaces as interest ratesh as by? >> it is a real tough go right now in the bond market. the bottom line is, i think that there are good buys in municipals. good buys in corporates. yet to look for the diamonds in the rough. i don't le intermediate and long term bonds. i just want to clarify tt. at tnk there ere people should really be looking is if you're going to invest in bonds to make sure you have the maturity. in a lot of people get scared. go out o

gerri: hello, everybody, i am gerri willis. tonight i'm "the willis report." cell phone crime. making your phone worthless to thieves. and the war on cancer, tests raise hope for some of the top doctors did and use food to fight aging. how do you do that? we're on the case tonight on "the willis report" di." let's get started, we begin with two very important consumer stories, both of which affect your wallet. first there is a dangerous virus going around facebook that could clear out your bank account, no kidding, and a new way to make sure your android or iphone is useful to thieves and i target to get swiped. editor and chief of maxwell.com and senior electronic writer in consumer reports. i will start with you. it is called zeus, around since 2007, how does it work? >> this is basically a trojan. a piece of malware sometimes in software or links and introduces us very quietly. you don't even know. and then it sleeps and waits. it will look sometimes will even put a little option on the real website, it will look for passwords stored through internet explorer. you never see

. ♪ gerri: hello, everybody. i'm gerri willis.onight on "the willis report" the irs scandals deepened as video surfaces of millions spent on lavish conferences. also, out of control medical costs. and your medical privacy at risk. important fact for all consumers. watch out for you tonight. gerri: the irs ever-growing list of scandals is our top story. lawmakers warning the new chief today. the latest evolving scandal. millions of dollars on lavish conferences, including the stands party. gerri: seen. gerri: a taxpayer dollars of work. it's up to the irs to do more than fancy footwork to get us back together. ridgemont test of republican congressman of oklahoma. welcome back to the show. >> thank you. gerri: 50 million for 220 conferences, one of the speakers paid $17,000 to discuss leaders through art. are you kidding me? >> this is the same pattern that we have seen and gsa and other agencies. i have no problem with doing development, but there are cheaper ways to do it that are more efficient. resolve this with gsa will we did

gerri: will the way that?know, if you tell them they have a choice between delta and american, you know, they may. it is just one of those things where you can always negotiate with the airlines. gerri: as you were saying, united is raising the cost for a late status. $22,500 a year. so when does it make sense to go for this elite status? >> they could have to do with a lot of frequent flyers and those who qualify. it's like, you need to say that i'm not going to put up with this anymore. i live in new york, i go to l.a. and san francisco. and i have american and delta and virgin america. and i have those choices. and you know, after a few rounds of akamai that united may step back and say that maybe we should not do it or maybe united is hoping that the other airlines follow suit like they did back in 2008. gerri: so alaska, u.s. airways, delta, all of them offering these elite status matches. it seems to me that this is really the cash cow for the airlines. they love these people. they want to hold onto them

gerri: seen. gerri: a taxpayer dollars of work. it's up to the irs to do more than fancy ftwork to gets back togher. ridgemont test of republican congressman of oklahoma. welce ck to the show. >> thank you. gerri: 50 million for 220 conferences, one of the speakers paid $17,000 to discuss leaders through art. are you kidding me? >> this is the same patrn that we have seen and gsa and other agencies. i have no problemith doing devepment, but there are cheaper ways to do it that are more efficient. resolve this wh gsa will we did the hearings on that wn i went to las vas in 2010 and $840,000 confence. th have one that conference iny house and oklahoma four years before for $323,000. same conference, number of people, but the contin to profit out. gerri: here is a real-life exple of the kind of money thereere speing. $4 million for in anaheim, california conference. you heard theoman in t video mention anaheim. it did not even bother to negotiate rates. some people say that defense some people stay in sui's the cost literally thousand

gerri: no, not generally.t these facts. 50% of students actually trying to earn a bachelor's degree get one in four years. in reality, the performances of these kids who get these federal dollars, it is pathetic. mark, what should happen to the system to fix that? >> first of all the loan limits should be set more rationally based on ability to repay the debt as opposed to letting me borrow unlimited amounts of money. we need to put more money into enabling students to graduate from college. i would like to say someone who graduates with a bachelors degree is more than double the federal income tax of someone who has a high school diploma. investing a college education is not just an investment in the students future, but an investment in the future of the country's. gerri: charlie, i don't know. i think we have oversold the college education put too much emphasis on it. what do you say? >> i think we are going to subsidize, let's rethink the way we do it. how about we look at return on value or we don't give