gerri: hello. i am gerri willis braff your accepting the nomination mitt romney conducted presidential duties looking at areas devastated by hurricane is it. and his speech last night promote him into the job? might undying to know your reaction. good bad or ugly? >> it was good. he brought warmth which people did not think he was capable of. when he described the time his father would later rose by the mother bedside. it is hard to talk about it. he laid out what he wanted to do. he was not unkind to the president or cruel but said this has failed give me a chance to fix it. gerri: one comment about obama's and the voters. >> if you felt that excitement when you voted for barack obama should you feel that way now that he is president? [applause] there is something wrong with the job he has done with the best feeling you had was the day you voted for him. [laughter] [cheers and applause] >> it was not a personal attack where his integrity or character but his job performance. you don't feel so gidd

welcome to "the willis report." ♪ ♪ gerri: hello everybody. i am gerri willis.ge tonight over small investors being ripped off. it has been the focus of that investigation this week. a big issue being debated on capitol hill. this is something every individual investor at home should be concerned about. if you have a 401(k), and ira, a savings plan for your kids, grandkids, listen up. this involves you. warning that high frequency trading firms are putting your money and global system at risk. joining us now richard grasso. it is great to have you here. an absolute pleasure. >> gerri, it is an absolute pleasure to be here. gerri: investors are losing confidence. losing confidence that time. some 15% of americans polled say they don't have trust in the stock markets. what is behind that? >> it is very sad. it could not come at a worse moment. if you look at what is happening since may 2010, everyone has been railing against so-called high-frequency trading, algorithmic trading. no one, i mean, no one can sit here, myself included, and give you an answer as to wha

gerri: not anymore.ritic of the market right now is calling the volume, the shares that are traded on the new york stock exchange toxic trade. trade that no one else wants to handle. the ones that are legitimate are going into these dark pools. >> that reinforces what i just said. the first stop is the dark pool, the second is the semi- light pools. that is wrong. the structure of the market in this country needs to be redefined by the sec and why it is so horrible, it scared investors out of the market at a time when they have been willing to accept. just take one year, 22 basis points return on their money. .22 at a time when the market is up 20%. that is just sad. gerri: it is sad and frustrating. may 2010 we had the flash crash. eventually it was all put right. it was a very scary plunge. knight capital loss $440 million. very quickly. we had the facebook ipo. disappointing and now we are told that many flash crashes happen every single day. on a daily basis. >> let's start with may 10. how does a ve

gerri: all right.ig talk in the market is what happened to oil prices. >> yeah. gerri: big shocker, oil prices tanked. all kinds of conversation, what's going on here? a fat finger trader mistake? what do you think happened? >> i mean, there's some talk there was a rumor going around about the oil reserve being released, but i think it was a technical glitch, a mini version of the flash crash, fat finger, whatever you want to call it. will be interesting to see how the investigation goes. i suspect something like that surfaces. gerri: people hear that, "technical glitch," and they also here it's not the playing field for investors. somebody is making money on the glitch. >> right, right, it is frustrating, particularly for a market participant like myself, but we'll see what comes to life. gerri: we'll have you explain it then. >> would love to. >> gerri: appreciate your time. >> thank you. gerri: e-mail me at gerri@foxbusiness.com. >> showing the president love at the fundraiser tonight, but is obama

gerri: here is a problem.of their about as right now plus all the social networking information, plus all of the data security breaches that we have seen, it is inevitable that we are going to be victim's identity theft. will we really need to do is first limit our exposure as best we can. have monitoring practices or tools in place, including looking into your accounts every day, getting ratifications from financial restitutions that transactions have occurred in your name, the amount of the transaction and basically what it was and then have a damage control program in place. gerri: what is the first signal that your identity has been stolen? coming to make it happen to people and they don't know. gerri: first of all, because they have included account to cover an identity theft, if you see charges and your credit card account that are not yours, if money is missing from your bank account, if you file for a refund and the irs tells you already get the refund or they won't even let you file because someone el

gerri: hello, everybody, i am gerri willis. a newly obtained report from the department of homeland security showing calls to burn down the u.s. embassy in cairo. two days before the protest took place. the cairo demonstration was the first of the anti-american protests which continues to raise across the world with no end in sight. time for u.s. to close the floodgates of the foreign aid to these countries. with more on this, ran poll of kentucky. welcome to the show, great to have you here. first i want your reaction to the department of homeland security report that says threats reach the u.s. two days before the protests started. >> i'm quite concerned if there was any warning if we paid or didn't pay attention to the warning and also concerned in egypt the egyptians said the mob is coming but didn't send any troops to defend our embassy. that has to be an investigation of what went on here. we have to bring the assassins to justice in libya, that is part of what i have been working on for the past week to vote on if our ai

hello, everybody, i'm gerri willis. i don't know about you but i cannot shake that uneasy feeling about the economy and as a result translating into the markets high market volatility in recent months becoming the new normal for starting off the show with a simple question, where should you be investing now? to answer that, the panel of financial experts and advisors, lance robert. jamie foxx managing partner, and managing director of wealth held financial. where should i be invested in right now? speak of is a time, very challenging. this marketplace asset allegations sound like there is redundant but you have a balance in your portfolio amongst ducks and bonds and when i talk about that i think for most people looking for a little more yield, have to be focusing a dividend stocks and within bonds looking at yielding bonds like high yield bonds, convertible bonds and floating rate bonds. people think about bonds and think treasuries. gerri: is all about asset allocation? >> i think so. i think it is about the particula

gerri: true or not true? >> that is really a disgraceful statement on a white house spokesman and i don't understand where it is coming from. there have been ample reports these attacks were planned days before. the video has been out since july. even more, why he would justify the idea and video is an excuse for mobs to attack on u.s. soil and kill our ambassador and american citizens is just a mystery to me. the president has been entirely awol on apology on dealing with this growing violence, entire thing is totally confusing. gerri: i know you have been following this whole thing going on, a lot of questions tonight about the president an in his r, taking everything he can? >> we all have to be saddened by this terrible tragedy, but we need some strength and it is what is going on in this country, they want to drive us out of there, basically we have to show strength or we basically get out and take our troops and basically that has helped stabilize that country. my sense at this point in time is the long

gerri: okay. put some of this at the feet of our friend from washington, but what about bill clinton tonight. he's going to say that the gop bill to national debt. to you agree with that? >> when he left office might co-chair of the commission was his chief of staff. that was the last balanced budget, but clinton, i mean, to see what he is doing with obama, clinton would have wrapped his arm around the package of represented without question. clinton would have a tip that and said, wait, in executive order and the command. five democrats, five republicans, one republican, i would wrap his arms around it. of course the political season. they have to look like they're about of the hip. of course there will. gerri: the wall street journal today reference to on an op-ed article pointing out that nothing teeseven corporation in the article, nothing would appeal more to independence and swing voters more than of the president or to embarrass the findings of the 2010 simpson bowles deficit reduction comm

gerri: let's be clear. people are throwing huge numbers of buy and sell orders, sometimes on the same stock into the marketplace. it makes for a confusing market. what is it like being on the floor of the nyse here where according to some estimates, 50%, 6% of the daily stock trading volume is this kind of trading. >> at think it's higher than that. i think it's actually two-thirds of the daily volume is africa to trading hit with at any location to a defect correlation the fundamentals are you and i and in the of our viewers here in terms of the stock selection process. computers don't care about fundamentals. on the trading floor we are subject to the same volatility that that person sitting at home is subject to. then looted six are more or less warning the is silent. gerri: american companies can go and raise money and investors can invest and particular it -- participate. this pitch kind of trading blows that. >> is not necessarily blaming the high-frequency trader. they are filling the void was create

welcome to "the willis report." ♪ ♪ ♪ gerri: hello, everybody. i and gerri willis. on that that announcement coming up. first we begin with the escalating anti-american protests sweeping the middle east. these are live pictures right now in cairo were the protesters show no signs of going home. thousands of them crowding around protesting the u.s. libyan officials announcing the benghazi attack, which killed christopher stevens and three other diplomats. saying that it is part of a two-part plan operation. with more on this, we have john bolton and k.t. mcfarland. welcome to everybody and thank you for coming on tonight. the dynamite panel for this topic. i want to start with those pictures in egypt that we saw just a moment ago. k.t. mcfarland, or as let's go to you. the market is a loss of life. egypt is the key because it is the largest middle east country and the one that everyone looks to and has the longest history. as goes egypt, so for the entire region go. the fact that the demonstrations that they have had has turned out to be a who's who of the hobbits. t

gerri: amazing. michael, turning to you for a second, and i want to show folks a graphic picture, one probably in your newspaper tomorrow morning, on the web tonight. it's a pictureture of christopher carried away by libya civilians unconscious. look at the picture. it is disturbing. i warn you. michael, to you, what should be the response to this? >> well, the united states cannot afford to flee under fire. in libya, i think president obama's actually doing the right thing by sending in additional marines and maintaining our dip -- diplomatic presence. e just a minute -- egypt is another question, however. it's the accountability at best that the egyptian government was negligent. the idea that the united states has to subsidize governments like this is a question which many people ask back in washington. gerri: michael, we are subsidizing that government. as a matter of fact, we decided to forgive a billion of debt they owe us. >> well, one of the big policy questions that's looming over the horizo

gerri: hello, everybody, i am gerri willis. tonight, the middle-class is under assault in this country. those in power do nothing. the census bureau said incomes for typical american families were either flat or down throughout the country. despite all that talk about 4.5 million jobs being created, the reality is too many americans are scraping by and poverty is on the rise in many of our communities. essentially, any gains that we have made are gone. the new numbers say we are no better off than we were a decade ago. joining us now is black brakeman brad blakeman. the president says he wants to be reelected. but his track record is poor. how do you defend that? >> you try to make sure the country on track and do better in the next four years. i think that is why barack obama will win. in the end, what we are looking at is there people on the low end of the income who are playing by the rules, but there are also people at the high end of the income to achieving this country needs you to look at the national median income. in 2

gerri: hello, everybody. i'm gerri willis. on the eve of the august jobs report president obama is presenting his case to keep this out, becoming one night after former president bill clinton's fiery speech as obama already over -- been overshadowed before you walk onstage to back with more on this, new york post columnist of the dnc. founder of the reagan group. i want to start with you. and going to have to cut you both by your last name. let's start with you. what can we expect tonight? is the president going to be overshadowed by bill clinton? >> i think last night he was probably over several lot. there's probably a point to the speech last night where the obama people were saying, my god, get off the states, leaving some room here. it's going to be hard to outdo bill clinton less night. tonight barack obama will do what they have been trying to do all week, make sure that his constituency goes members of the democratic party, all those different factions are together as one on election day. that is used talking to. he's

gerri: hello, everybody. we are pausing to remember that fateful day back in 2001 that forever changed america and americans. we are asking a big question. is the u.s. stronger today than was 11 years ago? it is our lead story tonight. not only was the business community greatly affected by the tragedy, but the entire nation in the world. you might've noticed some of the biggest newspapers failed to mention 9/11 on their front page, and we think it's deserves more than just a brief mention. my next guest says the war on terror is not over. k.t. mcfarland is a fox news national expert and former deputy assistant secretary of defense. katie matt, great to have you here. are we stronger today than we were 11 years ago? >> we are resilient. but are we safer? al qaeda is a shadow of its former self. but al qaeda has changed. it has moved to the middle east and africa. the important thing to really remember about this as americans, we like to say that we won this war and we're moving on. but it was a world war ii o

gerri: wow.talking over each other] [talking over each other] >> i don't think that all americans can get to those numbers are not there is good news that the conversation is continuing. the vast majority of americans underestimate how much they have to accumulate to retire. just talking about it is a good thing. the bad news is that most people would be short. the last thing anybody should do is to use a rule of thumb to try to ensure that they obtain their success. the only way you're going to do that is do your planning based on you and your family and your goals and light. that is the only way you can ensure you get where you want to be. gerri: it's different for everybody. different people have different things they want to do. different life expectancies and etc. you know, i think for so many people in an economy like this, when they hear this kind of report, they say it they might not ever save it all. >> i hope not. that's obviously the worst thing anyone can do. time grows money more tha

gerri: sure you can.think one of the big concerns that is not being addressed in conversation is how much we're going to end up spending for this. the answer is it's going to be more than we expect. >> currently, absolutely. we have gone from 900 million to 171 trillion. clearly come the answer is not the way the law as written. i would not disagree with that at all. gerri: think you were for coming onto my mental. >> nice to see you. gerri: tomorrow marks 11 years since the tragedy of 9/11. tomorrow's activities will be politician free at ground zero in new york. the names of all will be read. the ceremony will be only about 40 minutes long. it comes at a time when costs for the museum are making headlines. the foundation in charge says the project will cost $60 million a year to operate. that is more than worth harbor in arlington national cemetery combined. usa today pointed out that this has many concerns that the taxpayers will be forced to put some of the bill. some are asking the national park serv

4th, 2011 with the owner of 4330 gerry. and we have been open to negotiating that agreement since then. to bring us present to the current day and what we are trying to negotiate during that break and i really appreciate your patients with us. we try very hard to do that. if we can go to the overhead, please. the d.r. requester's packet included this photograph of 4330 gerry. we're proposing not exactly what we submitted in writing as an agreement but we're proposing a light well of about 30 feet that would go from three feet wide to three feet nine in the front portion of the building adjacent to our stairwell. we can't go wider than that. we propose to move these two windows, these two property line windows forward and move this one back. so they're within the light well-. these windows as i'll show you in other pictures show rooms that already have windows. so we're going to be adding a window on a light well-to rooms that don't currently have any western light only from the light well-itself. so i'm quickly would like t

and the -- this is the back of 4330 gerry. you can see the light coming in from that property line window. that's where that window is. we're proposing to relocate that so that it can actually help support the -- the unit that is closer to gerry. , the unit to the south there that needs more light. so i think that what we're proposing to do is really addressing a lot of the concerns rays, we're giving a lot of additional light coming in. we have lowered the building from a proposed four story to the three-story. we have a neighbor across the street that is present. we lowered the building to match the adjacent building height. that's what we intend to do you're going hear about the parking issues. we can provide parking off-sight. i'm a proud public school parent. and my son is starting lowell this year. from middle school he took the bus. it's for real. people use it. and we're going to have some parking off-sight. we're going to have light into this adjacent building. i think this is a good project and the time is right to d

>>gerri: they are printing money.hepard: they expected some but i don't think wall street expect add blank check. >>gerri: gold went up, silver went up, oil went up. yields went up on treasury bonds. >>shepard: normally gold is down, oil is up. no reason for yields on t bonds to go up. we certainly look better than europe. we looked better than europe yesterday. >>gerri: but you have to worry about the dollar trading below the euro. the real problem is how do we ever get out of this? it is going to be confounding and probably incredibly inflationary. >>shepard: and the number of americans filing for first-time unemployment benefits jumped in a big way. i don't think people saw this coming. >>gerri: this was a surprise up 15,000 to 382,000 on the heels of the august numbers which were punk. we expanded --. >>shepard: were what? >>gerri: punk. punk. punk. up 96,000. the number people in the jobs market or looking for a job is shrinking to levels we have not seen in 30 or 40 years so big changes in the job markets. it is

nice to see you, gerri. >>gerri: good to see you.rd: families across mississippi and louisiana are still mopping up, many cleaning up in the summer heat still, with no electricity. do you know how hot it is in louisiana on labor day? good grief! as our coverage continues from day one of the democratic national convention, we are live if charlotte, north carolina, indoors, where it is nice and cool. we will be right back. neil cavuto is 14 minutes away. >>shepard: nearly a week after hurricane isaac slammed into the gulf coast, tens of thousands of people across three states are still without electricity. even if the flood waters are receding many people are staying in shelters. casey has been coughing this for more than a week. he is in louisiana this afternoon. how are the storm victims getting help? >>casey: well, you hate to sound cheesy but it is times like this that it feels good to be an american because people in this country are pulling together. we are talking about neighbor helping neighbor, removing trees from people's yar

coming up, virginia congress member, gerry connolly will join us live from the convention to give us his take, including in his competitive state of virginia. democrats as you just heard are obviously worked up and l excited about bill clinton's big speech tonight, but gop vice presidential nominee says there's a big difference between obama and clinton. >> president clinton worked with republicans in congress to have a budget agreement to cut spending. president obama, a gusher of new spending, and only those of us who offered solutions. >> ryan in iowa today hammering away at the president's record. mitt romney was working the crowd at a building supply store up in new hampshire. this week the gop nominee says he has been busy preparing for next month's presidential debate. >>> new information on that close call involving three jets out of reagan national. the planes flew too close to each other in the skies over reagan. well, in a new report out today from the ntsb, investigators describe a chaotic scene inside that tower which left some controllers rattled. 14 page report conclud

to clarify made an agreement in august 4th, 2011 with the owner of 4330 gerry.and we have been open to negotiating that agreement since then. to bring us present to the current day and what we are trying to negotiate during that break and i really appreciate your

>>gerri: they are getting a sweet deal from the fed. >>shepard: this is true. >> the most restrictive voter laws in one of the most important swing states was knocked down. we will explain where a panel of judges said the state was not following its own rules. hackers hit the biggest bank in the country claiming it was a "terrorist cyber attack." bank of america has problems. a lot of other companies do, too. i did not want to think about that. relax, relax, relax. look at me, look at me. three words, dad -- e-trade financial consultants. so i can just go talk to 'em? just walk right in and talk to 'em. dude, those guys are pros. they'll hook you up with a solid plan. they'll -- wa-- wa-- wait a minute. bobby? bobby! what are you doing, man? i'm speed dating! [ male announcer ] get investing advice for your family at e-trade. [ male announcer ] get investing advice of hardest-working, smoothest-riding.lass it's got the most torque, the smoothest suspension, the best storage, class-leading comfort, and a revolutionary collection of versa

gerri: great question. [talking over each other] gerri: you can call the regulators.your money back. wasn't worth it. gerri willis tonight at 6:00 and 9:00 eastern with the old man right here on the fox business network. hanging in there. ashley: call in charlie. gerri willis and charlie will be along. sale of the i phone 5 missed estimates. we know that. but apple topping expectations. apples that up 40% in the big apple since last year and outpacing the 4% spike in overall crime. new york city police say 11,000 of the crimes in the city involved the theft of an apple product. that is one of every seven crimes. the nypd station officers at 27 stores where the i phone 5 went on sale friday to help owners register their phones to track down if it gets stolen. according to police iphones of the most commonly stolen item. apple trading at $6.85 off of that 700 plus high hit earlier but down $5.66. tracy: when i first got out of graduate school, my mother would be like you should take your money to your desk because they robbed you and everything got better and i feel so

live at 4330 gerry boulevard, apartment 4. i'm very concerned about the privacy issue. there is already not enough light and ventilation in the building. my apartment is not bright enough. having a three-story building right next to my apartment will not provide privacy, no more light. i live in a high density avenue with a lot of stores, restaurants, walgreens and one supermarket. parking has been difficult for me. not having parking spaces in this high capacity also -- for their patients. staff is not acceptable to me. and i appreciate if the commissioner could come see into that. thank you. thank you. the next one is a tetant -- tenant. >> i found this unit, i call home san francisco at 433 gerry boulevard, apartment 4. thanks. my home has affordable price so i can stay here and live. i want to stay in the city. but when my last window is covered up, i will get no sunlight for my only place where i live. i can not pay much more somewhere else by moving. i now have hard job and keep me busy all times daily. so i cannot i cannot come to talk at the meeting so here is m

gerri: thank you so much. gerri willis and lou dobbs. tonight on the fox business network. dennis: lori rothman and melissa frances have more on the attacks on our embassies and consulates in the middle east and may be time to rethink the billions of dollars of aid that the u.s. sends over there. cheryl: lots on the fed decision as we wait for a fed chief ben bernanke's news conference just over an hour from now. tdd#: 1-800-345-2550 wh i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find unities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime... tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 trade at charles schwab for $8.95 a trade. tdd#: 1-800-345-2550 open an account and trade up to tdd#: 1-800-345-2550