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Aug 16, 2022
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thank you very much, gerri willis.se if you're in a high crime area workers are less inclined to go back according to your bidding at the company. doesn't the ceo of goldman sachs know it in your neck of the woods, new york city. take a look at this. >> we have to have a safe environment for people. the city is certainly less safe, i would say grittier and a little dirt ier. neil: mitch roschelle joins us to talk about this. macro trends advdvisor, founding partner. mitch, he is not saying anything we don't already know, that crime is an issue and as we were saying very early on much more so than the buy risk, with easing in the city, the crime situation was not and that's a problem. now he is kind of eating his own words, but he all but threatened workers to get their fannies back 24/7 now realizing that is easier said than done. what do you make of all this? >> it is easier said than done. when i started working in the '70s in new york city, late '70s, that is, when i started working there were a ton of people on the
thank you very much, gerri willis.se if you're in a high crime area workers are less inclined to go back according to your bidding at the company. doesn't the ceo of goldman sachs know it in your neck of the woods, new york city. take a look at this. >> we have to have a safe environment for people. the city is certainly less safe, i would say grittier and a little dirt ier. neil: mitch roschelle joins us to talk about this. macro trends advdvisor, founding partner. mitch, he is not...
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Aug 31, 2022
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fox business correspondent gerri willis. 50% of people think she's wasted.er half know she is. fox news anchor julie banderas. he is a brave marine but when he saw jimmy fila, he said this is what i was fighting for? retired marine corps bomb technician johnny joey jones. and he's a funny guy but his show has more bombs than joey has diffused. fox across america host jimmy fail. gerri, how does karine jean-pierre say what world-class tennis player. this was the news of the week. you were there yesterday. what was the atmosphere like? >> let me point out another double standard. we go to arthur ashe stadium. we are talking to everybody. thousands of people. nobody's wearing a mask. you'd have to prove no vaccination. then you go inside and use it cheek by jowl. nobody cares. you are telling the guy who is socially distance playing tennis, he has to be vaccinated? that's crazy. i don't understand. she's crazy. they are crazy. john mcenroe says the usda has to get in here and make sure that they try to defend this guy. djokovic should be supported, not just han
fox business correspondent gerri willis. 50% of people think she's wasted.er half know she is. fox news anchor julie banderas. he is a brave marine but when he saw jimmy fila, he said this is what i was fighting for? retired marine corps bomb technician johnny joey jones. and he's a funny guy but his show has more bombs than joey has diffused. fox across america host jimmy fail. gerri, how does karine jean-pierre say what world-class tennis player. this was the news of the week. you were there...
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Aug 18, 2022
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gerri willis has more. gerri. reporter: liz, rents are rising at their fastest pace in 30 years.ng price topping $2,000 a month for the first time ever and it is pushing consumer debt above levels last seen in 2019 before the covid pandemic. this could have a devastating ripple effect on the economy. the exploding costs of living is a big part of rising debt levels which totaled 16.15 trillion in the second quarter. according to the new york fed. the level is two trillion dollars higher than it was in 2019. it is hitting more than just big city renters in places like new york city and san francisco. the city with the biggest rent growth is actually cincinnati, ohio, according to redfin, where prices are up 39%. for renters the squeeze is tough with one in five telling freddie mac they are likely to miss a payment. with the majority of consumers take-home pay going towards necessities like food, shelter, and child care, spending habits are changing and it could be a warning sign for the economy. consumers are now foregoing invests in their future, like investing in stock or even o
gerri willis has more. gerri. reporter: liz, rents are rising at their fastest pace in 30 years.ng price topping $2,000 a month for the first time ever and it is pushing consumer debt above levels last seen in 2019 before the covid pandemic. this could have a devastating ripple effect on the economy. the exploding costs of living is a big part of rising debt levels which totaled 16.15 trillion in the second quarter. according to the new york fed. the level is two trillion dollars higher than it...
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Aug 17, 2022
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gerri willis has more on the story. gerri.in the case of covid relief funds. we prosecuted a billion dollars of fraudulent claims but many of them will never be recouped of the look at these numbers, lost to fraud could be over $163 billion. but that is what happens when the government makes huge amount of taxpayer money available to the public with virtually zero oversight. the examples comical. loans went out to 342 people name was na, no answer. 57,000 people on government's own do not pay list got dough. dead people got money. one florida couple claimed their miami home was a farm that generated over $800,000 a year. one applicant got loans for 10 different fake bathroom renovations businesses using the address of a burrito shop. >> people made the conscious decision. we'll get money out, if there is fraud you will chase them later. that is not an acceptable model. reporter: the president extended the window to prosecute the crimes for 10 years. i have a feeling they will need every minute of it if they want to recoup even
gerri willis has more on the story. gerri.in the case of covid relief funds. we prosecuted a billion dollars of fraudulent claims but many of them will never be recouped of the look at these numbers, lost to fraud could be over $163 billion. but that is what happens when the government makes huge amount of taxpayer money available to the public with virtually zero oversight. the examples comical. loans went out to 342 people name was na, no answer. 57,000 people on government's own do not pay...
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Aug 22, 2022
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gerri, thank you very much, gerri willis.ater chain hint we have problems, we just might have to file for bankruptcy. all of this flies in the face of the talk that we've got packed theaters which in a lot of cases we do but apparently they're blockbuster dependent. maybe we're running out of blockbusters could be for a while i have no idea. i know susan li does. she is following all of this and latest headlines. reporter: all of expensive content going on streaming platforms, we'll talk about "house of dragon" quick, amc doing innovative. instead of giving out dividend to its stockholders they're issuing the special stock instead. it has a ticker symbol of ape, an owed to their rabid retail investor fan base. so this is pretty interesting, but that means more supply, more equity coming on to the markets and that of course depresses prices and that's why amc selling down 37% today. ape the special dividend stock is trading up. there is also i would say concern weighing on amc's stock that maybe with box office receipts down a
gerri, thank you very much, gerri willis.ater chain hint we have problems, we just might have to file for bankruptcy. all of this flies in the face of the talk that we've got packed theaters which in a lot of cases we do but apparently they're blockbuster dependent. maybe we're running out of blockbusters could be for a while i have no idea. i know susan li does. she is following all of this and latest headlines. reporter: all of expensive content going on streaming platforms, we'll talk about...
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Aug 24, 2022
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neil: gerri willis on that, senator physician by training roger marshall with us now.lation reduction act including beefing up funding for the irs, with the security review, has to add to that concern. >> we higher 87,000 more federal employees they need to go to the border, we need border patrol officers, not more irs agents. i'm concerned with the labor shortage to get 87,000 people in the private workforce and put them in nonproductive situation. i ran a small business, signed a paycheck every week for some 25 years, 300 people, those small businesses get hammered by these audits. it will cost $25,000 to defend the audit, money down the drain it doesn't grow the economy at all and they will come after small business owners and those moderate income folks. neil: you probably heard the white house, republicans are scaring people here, not like the gestapo hunt of tax cheats and all the rest, with 50,000 retirees planned at the agency, the net gain is not going to be nearly so oppressive, what do you say? >> i'm concerned about why are they arming these agents? why is
neil: gerri willis on that, senator physician by training roger marshall with us now.lation reduction act including beefing up funding for the irs, with the security review, has to add to that concern. >> we higher 87,000 more federal employees they need to go to the border, we need border patrol officers, not more irs agents. i'm concerned with the labor shortage to get 87,000 people in the private workforce and put them in nonproductive situation. i ran a small business, signed a...
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Aug 15, 2022
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first, we go to gerri willis from the new york newsroom. hi, gerry. >> hi, gillian.l budget office confirming that at least $20 bill of the $124 billion in new revenues raised by the inflation reduction act will come from low and middle income americans. the cbo came to this number after analyzing an amendment made to the bill. that would have protected lower income americans from new irs audits. the amendment was voted down by democrats 51-50. and the cbo would lower revenues by $20 billion. this is the second analysis that contradicts claims by the white house and the treasury that insists audits won't affect those making less than $40,000. an analysis showing 78 to 90% of the inflation reduction act would come from taxpayers earning $200,000 or less. it's going to be more than just the money the irs can extract from you from tax disputes. another cost will be in compliance, the time, the money you'll have to spend to defend yourself against a more aggressive irs. this is from cato institute. the inflation reduction act adds or expands a slew of special interest ta
first, we go to gerri willis from the new york newsroom. hi, gerry. >> hi, gillian.l budget office confirming that at least $20 bill of the $124 billion in new revenues raised by the inflation reduction act will come from low and middle income americans. the cbo came to this number after analyzing an amendment made to the bill. that would have protected lower income americans from new irs audits. the amendment was voted down by democrats 51-50. and the cbo would lower revenues by $20...
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Aug 18, 2022
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thank you, i think, gerri, thank you very much gerri willis following that. mad did i thurman with more on the housing thing, douglas elliman, very big in the real estate world. dottie, how would you describe what you're seeing? you look at this more closely than most. i see things slowing down but i don't see the crash, what about you? >> i don't see it. i see it very differently, first of all an average, normal supply of inventory is about 6 1/2 months of inventory. we have three at this current moment. we have a shortage of inventory. so number one, when you have more buyers than you have inventory, you know, you're not going to fall into a market where nobody buys properties. it also, you know, you're comparing it to two years that in my 30 something years of being in real estate i have never seen anything like the last two years. so, we are coming back to a more normal market and i think that buyers, this is good for the buyers. they will be able to make a few concessions but by no means is there a fire-sale. i do believe, i can't speak for the entire co
thank you, i think, gerri, thank you very much gerri willis following that. mad did i thurman with more on the housing thing, douglas elliman, very big in the real estate world. dottie, how would you describe what you're seeing? you look at this more closely than most. i see things slowing down but i don't see the crash, what about you? >> i don't see it. i see it very differently, first of all an average, normal supply of inventory is about 6 1/2 months of inventory. we have three at...
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Aug 10, 2022
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gerri willis thank you so much.er scott fitzpatrick who is worried about what all the irs beefing up means for his state and i'm sure, scott, americans in across the country share your concern as well. lay out your case why this is problematic? >> only the democrat party of today come up with the idea to pass a bill that doubles the size of the irs, increase taxes and gaslight the american people telling them it is called the inflation reduction act. when you look what this actually will do, anybody who is subject to audit by a government agency of any kind, even if you're doing everything exactly right it's a tremendous amount of time, especially for small businesses to invest and producing documentation that is necessary and supplying it to the auditors. then you're also talking about, really only people who should like this are certified public accountants and tax attorneys who are going to be much busier in the next several years as the irs ramps up this new auditing regime. you're talking about an agency, by th
gerri willis thank you so much.er scott fitzpatrick who is worried about what all the irs beefing up means for his state and i'm sure, scott, americans in across the country share your concern as well. lay out your case why this is problematic? >> only the democrat party of today come up with the idea to pass a bill that doubles the size of the irs, increase taxes and gaslight the american people telling them it is called the inflation reduction act. when you look what this actually will...
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gerri willis joins me to talk about that. gerri: jackie that's right. good to see you.recession or not, it continues to rage, but some economists are now sounding the alarm on what could be an even worse outcome. stagflation. that's a period of low growth and high prices. the u.s. economies previous battles stagflation, do you remember it the 1970s it kasea catastrophic for households. what started as rising prices in lbj's great society spending turned into persistent inflation , as the oil embargo throttled consumer and business spending. cpi surged 186% or on average, 7.3% annually from 1968-1983. joblessness spiked above 10%. well, it's not back to the 1970s not yet, anyway. gdp did contract in both first and second quarters of the year and prices are definitely rising at a 40 year high, but the jobs market is different. it is still strong and the calvary, well guess what, it's not coming yet. a new pen watteron study says the administrations new inflection reduction about is not needed, regardless of what the democrats say. it has $485 billion in new spending which
gerri willis joins me to talk about that. gerri: jackie that's right. good to see you.recession or not, it continues to rage, but some economists are now sounding the alarm on what could be an even worse outcome. stagflation. that's a period of low growth and high prices. the u.s. economies previous battles stagflation, do you remember it the 1970s it kasea catastrophic for households. what started as rising prices in lbj's great society spending turned into persistent inflation , as the oil...
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the overall trend of the market after reporting earnings, fox business correspond entertainment gerri williss here with a closer look at the numbers. gerri: shares of doordash are higher after the dehad every company announced record order numbers in its second quarter earnings report. orders up 23% year-over-year to 426 million. meanwhile, revenue grew 30%, even so the company is saying it expects softer consumer spending environment in the second half of the year, warning that results could actually drop below expectations in future quarters. and bad news for steak lovers beef prices are poised to surge as a severe drought across the western u.s. forces mass cat eslaughters. meat distributors say it could keep supplies tight for years. prime meat cuts are expected to be especially impacted with painful price hikes. experts predicting the price surge couldd, you'll have to wae your virgin galactic space trip shares of that company down after the company again delayed its commercial service, calling for a launch in the second quarter of 2023. the launch was once-planned for the third and the
the overall trend of the market after reporting earnings, fox business correspond entertainment gerri williss here with a closer look at the numbers. gerri: shares of doordash are higher after the dehad every company announced record order numbers in its second quarter earnings report. orders up 23% year-over-year to 426 million. meanwhile, revenue grew 30%, even so the company is saying it expects softer consumer spending environment in the second half of the year, warning that results could...
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fox business gerri willis reports it could give treasury secretary janet yellen powers over corporate tax enforcement. this is very interesting stuff, gerri. reporter: this is brand new stuff and we're just learning about it now. tax experts telling fox business that the democratic, democrats inflation reduction act which passed senate this weekend will give the treasury secretary powers to determine whether the companies have to pay that 15% corporate minimum tax. garrett water son, a senior policy analyst attacks foundation saying this to us, the provisions in the ira employ the secretary to make covered corporations in the minute misdemeanor book tax. for example, the secretary is tasked with determined applicable corporation falls below the annual adjusted financial statement income tax and in a recent analysis of the bill casey mulligan is, who is a former council of economic advisors chief economist under trump agreed. he wrote this in his blog supply and demand. he says that the bill gives the treasury secretary authority to determine an individual corporation's tax liability.
fox business gerri willis reports it could give treasury secretary janet yellen powers over corporate tax enforcement. this is very interesting stuff, gerri. reporter: this is brand new stuff and we're just learning about it now. tax experts telling fox business that the democratic, democrats inflation reduction act which passed senate this weekend will give the treasury secretary powers to determine whether the companies have to pay that 15% corporate minimum tax. garrett water son, a senior...
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i'm gerri willis.democrats inflation reduction act which passed the senate this weekend will give treasury secretary janet yellen new powers to determine whether companies have to pay that 15% corporate minimum tax. garrett watson, senior tax policy analyst at the tax foundation saying this, the provisions in the ira do provide the treasury secretary to make certain decisions related to covered corporations in the minimum books tax. for example, the secretary is taxed with determining when an applicable corporation falls below the average annual adjusted financial statement income tax. in recent analysis of the bill casey mulligan, former council of economic advisors, you see yellen there, under trump agreed writing in his blog, supply and demand that the bill gives the treasury secretary to authority to determine an individual corporation's tax liability. new corporate alternative minimum tax would raise 313 billion in revenue over a decade, according to the non-partisan joint committee on taxation. t
i'm gerri willis.democrats inflation reduction act which passed the senate this weekend will give treasury secretary janet yellen new powers to determine whether companies have to pay that 15% corporate minimum tax. garrett watson, senior tax policy analyst at the tax foundation saying this, the provisions in the ira do provide the treasury secretary to make certain decisions related to covered corporations in the minimum books tax. for example, the secretary is taxed with determining when an...
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fox business correspondent gerri willis joins me now. think is, think about the beleaguered border patrol folks. men and women working on the border. now they have this enormous budget that they would love a piece of to protect the border. instead of coming to them, it's going to go to bulking up the internal revenue service. >> 87,000 agents. it's huge. remember, they are supposed to serve us, right? it's not that they're to serve anybody else but the taxpayer. it's an amazing story. we're learning something new on this today. tax experts telling fox business that the democrats inflation reduction act that passed the senate this weekend will give treasury secretary yellen new powers to determine whether companies have to pay a corporate minimum tax. would raise $313 billion in revenue over a decade. to do that, companies would be charged a 15% minimum tax on corporate book ends. don't get confused. that's the income on corporate financial statements. doug holtz says hey, this is problematic at best. listen. >> this is not good. it's bee
fox business correspondent gerri willis joins me now. think is, think about the beleaguered border patrol folks. men and women working on the border. now they have this enormous budget that they would love a piece of to protect the border. instead of coming to them, it's going to go to bulking up the internal revenue service. >> 87,000 agents. it's huge. remember, they are supposed to serve us, right? it's not that they're to serve anybody else but the taxpayer. it's an amazing story....
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Aug 31, 2022
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huge thanks to gutfeld for letting me be here, the audience, also gerri willis, johnny joey jones, jimmy failla, julie banderas. "fox news @ night" with shannon bream's next. i'm dana perino. on behalf of greg gutfeld, i love you, america. [cheers and applause] ♪ ♪ >> shannon: hello and welcome to "fox news @ night." i am shannon bream in wash washington. breaking tonight: the justice department has filed its response to the trump team's request for special master guide here. it contains serious allegations against the former president. we are reading through and will bring you late-breaking details. president biden looking to flip the script on republicans when it comes to crime the call to refund the police. could he be risking use of the unprecedented rate on mar-a-lago to score political points ahead of the midterms? will it work? our bream team panel. a university refusing to allow an lgbt club on campus. they say it's an issue of religious liberty. bombshell claims by the justice department in the formal objection to the trump team request for the neutral party to look to the docum
huge thanks to gutfeld for letting me be here, the audience, also gerri willis, johnny joey jones, jimmy failla, julie banderas. "fox news @ night" with shannon bream's next. i'm dana perino. on behalf of greg gutfeld, i love you, america. [cheers and applause] ♪ ♪ >> shannon: hello and welcome to "fox news @ night." i am shannon bream in wash washington. breaking tonight: the justice department has filed its response to the trump team's request for special master...
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Aug 30, 2022
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gerri willis is here to explain.rend. >> yes, good morning to you, ash. it's a stillover effect, you can call it that. more and more want to be homeowners who are priced out of expensive markets they live in are choosing to own in smaller markets with more affordable prices. then they rent these homes out as investment properties. they're doing all of this, renting and managing properties completely remotely. sometimes not even stepping foot in the home they own. in fact, it's become a cottage industry with websites like roofstock and appreciate connecting buyers with local property managers who take care of the hard stuff; right, maintenance and leasing. listen. >> it's a little bit different than the conv conventional amern dream, which is own the home you live in, which most people still want to do if not now eventually, but this idea of remote investing and sort of decoupling where you live and where you own is quite powerful. >> this is the mom and pop equivalent to the wall street pros buying up main street and
gerri willis is here to explain.rend. >> yes, good morning to you, ash. it's a stillover effect, you can call it that. more and more want to be homeowners who are priced out of expensive markets they live in are choosing to own in smaller markets with more affordable prices. then they rent these homes out as investment properties. they're doing all of this, renting and managing properties completely remotely. sometimes not even stepping foot in the home they own. in fact, it's become a...
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Aug 30, 2022
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latest threat to home ownership, fox business gerri willis breaking down the rise of laptop landlords...hello? it's me, your heart! really? yes! recording an ekg in 30 seconds. tada! wow, that was fast. you know it! kardia offers the only personal ekgs that detect six of the most common arrhythmias in just 30 seconds. so you can manage your heart health from home, or on the go. your heart rhythm is normal. no arrhythmias in sight. i wonder what my doctor would say. ooh! let's find out! with kardia, you can email your ekg directly to them or send it to a cardiologist for review. kardia can do all that? all that and then some, greg! kardia also gives you access to heart health reports and automatic ekg sharing. what next? let's get some fresh air. been cooped up for too long. yeah... ♪ kardia mobile card is available for just $99. get yours at kardia.com or amazon. willis has more. >> that is righted laptop landlords reprehension of frustrated wannabe home buyers more buying real estate in small markets more affordable prices then renting them out as investment properties they have a na
latest threat to home ownership, fox business gerri willis breaking down the rise of laptop landlords...hello? it's me, your heart! really? yes! recording an ekg in 30 seconds. tada! wow, that was fast. you know it! kardia offers the only personal ekgs that detect six of the most common arrhythmias in just 30 seconds. so you can manage your heart health from home, or on the go. your heart rhythm is normal. no arrhythmias in sight. i wonder what my doctor would say. ooh! let's find out! with...
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Aug 10, 2022
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gerri willis this the middle of it all, gerri, what can you tell us?three, just you arrived now. they are yet to unload, just waiting for them to unload at this time. we couldn't see in the window as they came around the circle. the corner here. i can't tell you who is on the busses, nor can i tell you the number. i can tell you that new york city has gotten 68 migrants since friday and as you know there is a war of words going on between mayor eric adams here in new york city and the texas govern, greg abbott, who is inundated as you well know with hundreds of thousands of migrants. now, adams here has been saying this is a political ploy, the city is trying desperately to figure out how they can accommodate people. as you know, another city, washington, d.c., has gotten 5100 migrants. the question is, how many will new york get. back to you. maria: behind you, is the ag still with us, eric schmitt? >> yes. maria: eric, we're seeing one after the other adult males coming off of this bus. what is the story here? they're just bussing adult males to big
gerri willis this the middle of it all, gerri, what can you tell us?three, just you arrived now. they are yet to unload, just waiting for them to unload at this time. we couldn't see in the window as they came around the circle. the corner here. i can't tell you who is on the busses, nor can i tell you the number. i can tell you that new york city has gotten 68 migrants since friday and as you know there is a war of words going on between mayor eric adams here in new york city and the texas...
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Aug 20, 2022
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gerri willis with more on that, gerri. >> neil, crime pays, at least in the case of covid relief founde only a billion dollars of these fraudulent claims, but many of them will never be recouped. let's look at the number. lost to fraud, it could be over $163 billion. but that's whether what happens when the government makes huge amounts of taxpayer money available to the public with zero oversight. the example is comical. loans went out to 342 people who said their name was n slash a, no answer. and the government's do not pay list got dough. dead people got money. a florida couple claimed their miami home was a farm that generated over $800,000 per year. another applicant got 10 loans for 10 different fake bath renovation businesses using the address of a burrito shop. yachts, sports cars, mansions, rolex watches, a $57,000 pokemon trading card, all with taxpayer funds. you get the picture. applicants in many cases on an honor system. >> i think people made a conscious decision we're going to get the money out and if there's fraud you'll chase it later and that's just not an acceptabl
gerri willis with more on that, gerri. >> neil, crime pays, at least in the case of covid relief founde only a billion dollars of these fraudulent claims, but many of them will never be recouped. let's look at the number. lost to fraud, it could be over $163 billion. but that's whether what happens when the government makes huge amounts of taxpayer money available to the public with zero oversight. the example is comical. loans went out to 342 people who said their name was n slash a, no...
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Aug 25, 2022
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gerri willis here with us right now. gerri, what is the latest? reporter: the latest, neil is this.it is coming back anytime soon. peloton shares plummeting. they were down as much as 20%, down now 17% after the company reported widened losses and slumping sales in the official. the company left 1.24 billion in a quarter, people. sales fell 30% from the year earlier. average monthly workouts for user that dropped 26% a key metrics. marked the pandemic high-flyer six consecutive quarters of reported losses. the company struggling to right its ship as demand for at-home fitness equipment wanes. ceo barry mccarthy trying to win back investors with cost cuts, strategic shifts. thus far that hasn't done anything in their favor. brick and mortgage at that gyms are back in a way. can company cutout look, citing push for more competitive products. earnings beat estimates by a penny while revenue in line with expectations. the company made the pricing movers after seeing customers more frugal and trading down from national brands. they're in a big nice with rivals on price. prices are higher
gerri willis here with us right now. gerri, what is the latest? reporter: the latest, neil is this.it is coming back anytime soon. peloton shares plummeting. they were down as much as 20%, down now 17% after the company reported widened losses and slumping sales in the official. the company left 1.24 billion in a quarter, people. sales fell 30% from the year earlier. average monthly workouts for user that dropped 26% a key metrics. marked the pandemic high-flyer six consecutive quarters of...
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i want to go to gerri willis following that and a lot of other big headlines. on the jobs front an interesting development, gerri. reporter: according to payroll processer adp adding inflation worries reported annual pay up 7.6% for the month. private payrolls grew by just 132,000 in august. that is a dramatic deceleration from the 268,000 july gain. economists had expected even more, a gain of 300,000. service jobs accounted for most of the new jobs with 110,000 added positions. leisure and hospitality grew by 96,000. meanwhile shares of snap are rising after the company announced it will lay off 20% of its more than 6,000 member workforce. ceo evan spiegel telling the employees the company needs to restructure to deal with financial challenges. in addition to the layoffs, the company will scrap several projects including its pixie photo taking drone and its lineup of snap premium shows. the company say being its 8% revenue growth rate is well below expectations. and finally shares of hp are lower after the company reported fiscal third quarter sales down 4.1%
i want to go to gerri willis following that and a lot of other big headlines. on the jobs front an interesting development, gerri. reporter: according to payroll processer adp adding inflation worries reported annual pay up 7.6% for the month. private payrolls grew by just 132,000 in august. that is a dramatic deceleration from the 268,000 july gain. economists had expected even more, a gain of 300,000. service jobs accounted for most of the new jobs with 110,000 added positions. leisure and...
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gerri willis has a closer look at the numbers. what did you find out, jackie? after the company reported quarterly revenue. uber saying it is benefiting from a 57% increase in demand transportation. consumer spending from retail goods to services. overall revenues grew 105% to 3.80 billion year-over-year. earnings tanked as reported a lot. nobody cares though, of.33 dollars a share. most of the loss attributed to investments and revaluation of stakes in southeast asian delivery companies. so big news for uber. the company turned cash flow positive for the first time and boosted third quarter out look? meanwhile jetblue shares lower after the company reported a loss of 4 cents a -- 47 cents a share. higher than analysts expected revenue of 2.5 billion. the company sees profitability returning in its current quarter as all important revenue per available seat mile is seen rising 23% this quarter. by the way those capacity levels will still continue lower. and finally shares of british airways owned by this company, international airlines group, it is reporting it
gerri willis has a closer look at the numbers. what did you find out, jackie? after the company reported quarterly revenue. uber saying it is benefiting from a 57% increase in demand transportation. consumer spending from retail goods to services. overall revenues grew 105% to 3.80 billion year-over-year. earnings tanked as reported a lot. nobody cares though, of.33 dollars a share. most of the loss attributed to investments and revaluation of stakes in southeast asian delivery companies. so...
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Aug 17, 2022
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hasnie on how the promise to cancel student debt would undermine the inflation reduction act, but gerri willisork city newsroom, over 5 trillion of stimulus spending, are we going to see this? >> a tiny proportion, most will go unrecouped, lost to fraud, overall, $163 billion. that's what happens when the government makes huge amounts of taxpayer money available to the public with virtually 0 oversight. now, the examples would be comical if not our taxpayers dollars. 342 people said their name was n/a, no answer. 57,000 people on the government's own do not pay list got dough, imagine that. dead people got money, one florida couple claimed their miami home was a farm that generated over $800,000 per year. one applicant got ten loans for ten different fake bathroom renovation businesses using the address of a burrito shop. yachts, sports cars, mansions, rolex watches, you get the picture. applicants in many cases on the honor system. listen. >> i think people made a conscious decision, we are going to get the money out and if there's fraud you'll chase it later. that's not an acceptable model.
hasnie on how the promise to cancel student debt would undermine the inflation reduction act, but gerri willisork city newsroom, over 5 trillion of stimulus spending, are we going to see this? >> a tiny proportion, most will go unrecouped, lost to fraud, overall, $163 billion. that's what happens when the government makes huge amounts of taxpayer money available to the public with virtually 0 oversight. now, the examples would be comical if not our taxpayers dollars. 342 people said their...
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gerri willis explains how that could impact taxpayers. reporter: good to see you, jackie. not necessarily for us, right? the so-called beast mode irs will have budget 6 times the 12 billion budget given to them in the spending omnibus bill in 2022. that was the biggest increase in funding since 2001. the proposal will double the agency's capabilities, hiring 87,000 agents and calls for tougher enforcement, more litigation, criminal investigations, digital asset monitoring with additional 45.6 billion at its disposal for just that. the democrats say the supercharged irs will go after high income earners and tax cheats but not so fast, according to the joint committee on taxation. congress's official score keeper. up to 90% of the money raises will come from folks like us, right? making less than $20,000 a year. critics say wealthy targets can afford powerful lawyers around tax accounts who have resources to protect themselves. the irs will have to target small and medium businesses because they can't fight back. listen. >> the irs itself says they will dramatically increase
gerri willis explains how that could impact taxpayers. reporter: good to see you, jackie. not necessarily for us, right? the so-called beast mode irs will have budget 6 times the 12 billion budget given to them in the spending omnibus bill in 2022. that was the biggest increase in funding since 2001. the proposal will double the agency's capabilities, hiring 87,000 agents and calls for tougher enforcement, more litigation, criminal investigations, digital asset monitoring with additional 45.6...
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gerri willis is here to break this down it's interesting how you see how it impacts different segmentsent due to rising prices, long-term impacts of inflation reduction act may well increase the very cost the authors seek to constrain. the new rule to allow government to negotiate prices on 20 drugs for medicare recipients will undercut competition and lower cost generic drug development. >> the regular loose in the short run and people worry this will be an and to allege. over time it can be expanded into substantial impact comprehensive drug price controls that can get in the way of innovation and really take the fuel out of what is extremely productive and extremely important industry in medical progress. >> the senate parliamentarian struck down one aspect of the bill and plaintiff limit drug price increases to the levels of inflation for private insurers, experts say the impact may be small because few people pay the sticker price and recent drug inflation has tracked with inflation prices after inflation increases not over other elements remain notably capping seniors out-of-pock
gerri willis is here to break this down it's interesting how you see how it impacts different segmentsent due to rising prices, long-term impacts of inflation reduction act may well increase the very cost the authors seek to constrain. the new rule to allow government to negotiate prices on 20 drugs for medicare recipients will undercut competition and lower cost generic drug development. >> the regular loose in the short run and people worry this will be an and to allege. over time it...
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gerri willis of fox business joins us. >> $160 billion.in the case of covid relief funds. two years after the first of the $5 trillion in relief funds were approved by congress prosecutors are still trying to catch up with the tsunami of pandemic fraudsters. 163 billion plus is the estimate of the losses due to fraud. that is a 60% increase over original estimates. the oversight of the dollars absent. this would be comical if it wasn't your taxpayer dollars. loans went out to 342 folks who said their name was no answer. 57,000 people on the government's own do not pay list got dough. dead people got money? a single person was able to collect unemployment benefits from 29 different states and another applicant got 10 loans for 10 different fake bathroom renovation businesses using the address of a burrito shop. sports cars, mansions, rolex watches. where your money is going. $57,000 pokemon trading cards with taxpayer funds. applicants in many cases on an honor system. think about that one. now another wave of your tax dollars are going to
gerri willis of fox business joins us. >> $160 billion.in the case of covid relief funds. two years after the first of the $5 trillion in relief funds were approved by congress prosecutors are still trying to catch up with the tsunami of pandemic fraudsters. 163 billion plus is the estimate of the losses due to fraud. that is a 60% increase over original estimates. the oversight of the dollars absent. this would be comical if it wasn't your taxpayer dollars. loans went out to 342 folks...
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Aug 12, 2022
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gerri willis, thank you for that live report. great to see you. appreciate it.ing everything in our lives, isn't it? energy prices falling is a big reason for what seems to be cooling inflation, but food and shelter are still way up. let's get the read from capital management gary and strategic partner and ceo mark. mark, it was probably you i was referencing that we'll see oil come back in the fall. you're one of the people i've heard mention that on morningings with maria. your talk -- mornings with maria and president biden celebrating that oh, goody, we're at $4 a gallon. >> yeah, seriously. you know, that's kind of like a football team losing 42-0 at the end of the third quarter and then they end up losing 42-7 and they talk about how great the fourth quarter was. it's still not a good game. you're righted, the stickier components of inflation are running hot: housing, food, wages. it's great that gas is a little less expensive than it was a month ago. energy is down 4.6% month over month but when it comes to housing, the year over year mortgage payment is
gerri willis, thank you for that live report. great to see you. appreciate it.ing everything in our lives, isn't it? energy prices falling is a big reason for what seems to be cooling inflation, but food and shelter are still way up. let's get the read from capital management gary and strategic partner and ceo mark. mark, it was probably you i was referencing that we'll see oil come back in the fall. you're one of the people i've heard mention that on morningings with maria. your talk --...
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Aug 15, 2022
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gerri willis joining me now with details.ple hear i work for a business channel, they say what is going to happen with this irs beefing up? six times its current size. reporter: it is frighten. i can't escape, i'm lower income they're not coming after me. not the case. the congressional budget office confirming 20 billion of the 124 billion in new revenues raised by ira, inflation reduction act will come from low and middle income americans, folks making less than $400,000. the cbo analysis is the second to directly contribute claims by the white house and the treasury who insist that audits will not affect those making less than 400,000. this following analysis by the non-partisan joint committee on taxation showing 78 to 90% of the revenue raised by ira would come from taxpayers earning 200,000 or less. the cbo made a statement after analyzing the payment pack of a proposed amendment by senator mike crapo would affect middle and low income americans from irs audit. cbo said such exclusion would lower revenues by 20 billion.
gerri willis joining me now with details.ple hear i work for a business channel, they say what is going to happen with this irs beefing up? six times its current size. reporter: it is frighten. i can't escape, i'm lower income they're not coming after me. not the case. the congressional budget office confirming 20 billion of the 124 billion in new revenues raised by ira, inflation reduction act will come from low and middle income americans, folks making less than $400,000. the cbo analysis is...
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Aug 12, 2022
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gerri willis has that story. gerri was there a leak? gerri: yeah, actually there was a leak.nd six oil & gas fields so a major disruption to oil production in this country, all centered around the gulf of mexico, and how did this start? well it was a leak of the louisiana booster platform, booster station, that is, and it's exactly what it sounds like it's a place where they took the oil under pressure so it will scoot along the pipelines. now i should tell you right away , shell is saying this is going to get fixed and soon possibly as early as today, but in the balance hangs american wallets because that will push prices higher, if it isn't fixed right away. now i want to dig into the details with this so let's put up that map so you can see exactly where this is happening. shell, yesterday, shutting down two pipelines, mars and amber jack and then three oil fields, mars, and olympus, so a big shutdown in production they are not the only company doing this. we also have chevron shutting down three oil fields as well, so big changes there. i'm told that this could be as much
gerri willis has that story. gerri was there a leak? gerri: yeah, actually there was a leak.nd six oil & gas fields so a major disruption to oil production in this country, all centered around the gulf of mexico, and how did this start? well it was a leak of the louisiana booster platform, booster station, that is, and it's exactly what it sounds like it's a place where they took the oil under pressure so it will scoot along the pipelines. now i should tell you right away , shell is saying...
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Aug 31, 2022
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i want to go to gerri willis
i want to go to gerri willis
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break down the numbers the democrats want the irs to go into beast mode they are coming after you, gerri willislike to thank our sponsor liberty mutual. they customize your car insurance, so you only pay for what you need. contestants ready? go! only pay for what you need. jingle: liberty. liberty. liberty. liberty. ♪ ♪ ♪ ♪ ♪ ♪ i grew up an athlete, i rode horses... i really do take care of myself. i try to stay in shape. that's really important, especially as you age. i noticed after kids that my body totally changed. i started noticing a little pudge. so i took action! coolsculpting targets, freezes and eliminates treated fat for good. no needles, no incisions. discuss coolsculpting with your provider. some common side effects include temporary numbness, discomfort and swelling. you've come this far... coolsculpting takes you further. visit coolsculpting.com the biggest increase since 2001. they will get more if this goes through the proposal will double the capability hiring 87000 agents. stuart: 87000? i am speechless. i don't know where those people come from how do you find 87000 people.
break down the numbers the democrats want the irs to go into beast mode they are coming after you, gerri willislike to thank our sponsor liberty mutual. they customize your car insurance, so you only pay for what you need. contestants ready? go! only pay for what you need. jingle: liberty. liberty. liberty. liberty. ♪ ♪ ♪ ♪ ♪ ♪ i grew up an athlete, i rode horses... i really do take care of myself. i try to stay in shape. that's really important, especially as you age. i noticed...
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Aug 29, 2022
08/22
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gerri willis with fox business joins us now. >> hey, brian, steve, ainsley.headlines. let's start wic stomach with serena, and nothing her devolution away from the game. what she means is she is going to retire. and novak djokovic which, also famous, he will not be here because of his covid status. he can't even get into this country. the government will not let him in. what do we see here? serena will be celebrating her 27-year career in tennis. she's made some $260 million in the game, she's 40 years old, and she says she wants to focus on her family. we will get some of that this week because she will be playing doubles with her sister, venus williams, this week, as well. that'll be a big deal. by the way, monday and tuesday are already sold out so it's going pretty well. djokovic, the 20 one-time champion, will not be here mainly because of government requirements. they are not allowing non-u.s. citizens to get into the country without a covid test, and it's been a tough year for the serbian. he has withdrawn due to travel restrictions into the u.s., but
gerri willis with fox business joins us now. >> hey, brian, steve, ainsley.headlines. let's start wic stomach with serena, and nothing her devolution away from the game. what she means is she is going to retire. and novak djokovic which, also famous, he will not be here because of his covid status. he can't even get into this country. the government will not let him in. what do we see here? serena will be celebrating her 27-year career in tennis. she's made some $260 million in the game,...