Hook victims. The school in newtown connecticut, the victims families or the frustration over the lack of transparency and joins me by telephone. Thank you for being here with. This split do you think this is fair . This is an attempt by the American People who donated private money tothe victims. I thnk it is sort of the wrong question to ask. Melissa the families are criticizing the decision, saying that the nearly 4 million should actually go to families instead. But that is. It has held up distribution for seven months. In bosto we distributed 60 million in 60 days. It killed th foundationin newtown at sandy hook elementary it works on understanding what the families that lost loved ones. It was done with full transparency, open, a public town hall meeting. Everyone was given the ability to mae comments. Melissa you are not consulting, youre just helping out, you have a reputation for fairness and helping tough situations exactly like this. You mentioned just a moment ago as you are involved in the distribution of monies in the wake of th boston maratho bombings, that happened in a lit second. Newtown seven onths. What is the difference . The difference is a disagreement between the foundation that was holding the money and the families as to how much of that money should be distributed d how much should go to the families and communities. A communitywide project. That is what its about. Bad things happen to people everyday in this country. It was privately donated by americans after the newtown shootings. Its unique in my experience. Melissa the governor, the attorney general tried to bring the two sides together. She said for sometime that what we some time that what we need in this country is a Compassion Fund in which money would be turned over almost immediately to families in the wake of tragedies just like us. That the right thing to do . It is an interesting idea. A Compassion Fund. Im assuming that it would be funded by private donors, not the government. I think it would be all private donations. Whether private citizens want to donate money to a general Compassion Fund in their own community following the tragedy like newtown r boston, it remains to be see. Im a little dubiou sounds like a good idea. As a practical matter in terms of funding, i dot know. I think idea is to make it specic to the events of the people know what they are getting to. Youre absolutely right. Thats what happed in boston. As soon as the bombings occurred, the mayor of boston and the governor of the commonwealth stood up and said that everyone around the nation, this is a horrible terrorist tragedy. We are setting up a special foundation for he next few weeks they were constantly tting the idea. The american citizens and the money is were distributed 60 days later. That is a Model Program as to how we can do this. Melissa a great name, one fund, they give are coming on the show tonight, ken. I think this is an important issue the dollarsshould benefit the people thank you for coming on. Thank you coming on. Gerri he is keeping us updated to get your chervil donations to the sandy hook victims. She spks to a coalition of families. Thank you for having me. Gerri that meeting was incredibly pretntious. It was intense. It s started out with the committee saying that tere were certain questions and down and certain out of bounds. The majority of the people who were there. Gerri so they tried to corral people . They tried to shut them down we are discussing how we are going to distribute everything, we have a draft protocol and the individuals went to walk everyone through it and then we will take comments. For e record, we feel it would be inappropriate for anyone to comment on or ask questions about anything other than this topic. How we got here whether its the right amount of money, it is out of our purview. There is a sort of collective moment of, are you kidding me . That is what we were talking about and ose are the questions at need to be asked. Gerri i think this is the money question. They were originally the people in charge, western connecticut, they appointed a committee. Those are the lks with the devil. Why is it that they wanted to ld some of this money back for other purposes . Well, it is entered operating procedure and then makes this work and they dont have to fund raise that money because they happen to be in a community it seems like very often the public doesnt realize that that is what is happening it looks like they are accepting itor the victims because they say that we are eecting money on behalf of the victims it gives the nonprofit the latitude to give the money however they want in whatever proportions that they want. Gerri he is a very persuasive person and yes, the money has still not been distributed and will not be. August 16 is the day . Thats right, that is the day they announced it. There is a process that they have to go throu and they have an open Comment Period until monday. But noby came to the meeting last night to talk about how this went to the victims. Nobody cares. That is not the issue. How they decide what percentage goes to people who lost a lved one versus somebody who is injured versus somebody who survived, that is not the issue. The issue is that 0 of the money that the American People gave should be giv to the recipients itis intended for it. It is just that simple. Gerri karen, you should come back on the 16th. I would be appy to they are ing to cut the checks because they want this nightmare to be over. Gerri i am sure that you are right. I do not mean to impugn the motivations of western connecticut, but their behavior raises questions that they do good work in the community this just happens to not be one of their better suits. Thank you for having me. Gerri we have aot mor to come, including a warning for facebook users. Your privacy is even more at risk than before. We will talk tel you how to protect yourselves. And another alltime high on wall street. Our pane has advised on whether its time to rethink your investment strategy. Stay with us. Gerri maets stealing a third week of gains. I love that. This after ben bernanke reaffied his aggressive monetary poly this week. The stock market rally seems to be back on track. But is that enough to get you back . Joining me now is the chief economist for the Investment Company instute. And brian white is a Senior Analyst for capital markets. Great to have you here. Lets talk about where these markets are going next. You seem tothink that this is about fundamentalist. Thats right, the economy has employment growing. Sto markets are going to perform better. With the chairman was indicating is hisis as the economy impres it will start picking up the accelerator a then interest tes will rise. Gerri do you look at this, i think there is a lot about ben bernanke in the market. I think most of the mart is on his shoulders because he is supporting every move. Do you agree . Do you think its fundamental . I think the company has performed well. Gerri it doesnt hurt. More recently thhre are some companies struggling. I think it would be a tough quarter for technology. Lets talk about some of your research on investors and how they are keeping a big chunk of their ney on the sideline. I thought it was so interesting. People sellinbonds and stocks and you see a big exodus from bond mutual funds. What is going on . About 70 million came out since the end of may. About 2 of assets. It is not as much in terms of a percentage. I think a lot of businesses have been hesitant to spend. It is a challenge environment. We have seen apple struggle in the Smartphone Market and itas been pretty widespread. They are doing their strongest for these expenses. Getting glimpses into this, there are reports with the s p 500 that could be weaker or softer than the first half and year. Dc the same thing happened . Which individual investors be looking at as bumps inthe road forthe remainder of the year . One of the things that really impresses me about what investors do, a plan for not what is going to be coming up next in the markets in the horizon, but creating a Portfolio Allocation and i thi thats one of the reasons why we hve seen so much money going to bond nds the past five or six years. These are baby boomers who are approaching retirement and they want to have part of their portfolio allocated to income. A lot of that is going to be included. Gerri thats right for me want to put more in bond funds as you age. And who knows if thats whats going to happen. As well as the income. It helps to provide a diversificion for the equity as well. That is a natural tendency tha goes oamong investors. Gerri lets talk about apple stock. You are hot on his stock. Tell me what is going on. The best days are ahead of apple. Wh i look at what has happened over the past few quarters is that the Smartphone Market hit a lot of walce. Heres so here we are as we look nto the future and we we are beginning a new product cycle. Five to six times the earnings of ash, the great portfolio of new products and i have watched apple tv. Doesnt that say thathey are discounting the products to make the most money n . Is a different product with a plastic casing on the back. I dont think it will have some of the new technologies. So fingerprint identification will be a core technology. Gerri what else do they have that you think is great throughout this point . When you talk about apple, and you are talking about them in a something you havent seen before. Thats right. People got a little bit spoiled. In 2000 onlyhadhe iphone. And it took until 2007 and then we had a sixyear gap beteen the ipod and iphone. So we are going to have apple tv and i will be the new product that they can revolutionize in the market. Gerri last word here, what is your last word for investors, people watching the show and looking for some intelligence on the market . They must be aware that Interest Rates will be rising. We are kind of trending downward and they have to be prepared for that. We also think that they should keep their eye on the trends as well. Gerri thank you both for coming on the show. It was great. Now we wantto know what you think. Heres our question tonightare you u ready to jump back in . Vote on the right side of the screen on gerriwillis. Com. We have more coming up. Would you like an obamacare lock a . Some extremes that states are going to and we answer the question how do you do hat. Facebook rolls out an application to keep your information as private as possible. We will have that next. Take me into your darkest hour and ill never desert you ill stand by you yeaaaah yeah. So thats our Loyalty Program. Youre automatically enrolled, and the longer you stay, the more rewards you get. Great oh ill stand by you wont let nobody hurt you isnt there a simpler way to explain the Loyalty Program . Yes. Standing by you from day one. Now, thats progressive. Thshe makes a nifty livingn sleeping on mattrees pioneered by engineers whose singluar devotion is not stopping until they have given her the best sleep of her life. Thats not greta. Save up to 500 on the tempurergo collection and get your best sleep possible. Visitempurpedic. Com to find a store near you. There is a pursuit we all share. A better life for your fily, a better opportuty for your business, a better legacy to leave the world. We have always believe in thipursuit, striving to bring insight to every invesent, and integrity to every plan. We are morgan stanley. And were ready to work for you. Gerri gerri facebook is rolling out its new search, making users information more public than ever before. Your public activity from your posts and even your interests are all available for the world to see, not just your friends. How do ou keep the facebook stalkers at a . Joining me now is a privacy expert. Welcome back. So tell us how this works. And alot of people are aying, my stuff is more public on facebook . Essentially it is the google or facebook. Anything that you have posted for everyone, it indexes it and you can search that information just like if you were on google. The difference is it is all your private information. Okay, so if i am on facebook, which i am, what can peoppe find out about me that maybe i didnt want them to see . By fault everything is st to share with everyone or public. If you havent gone in and marked Pacific Coast or a photo or a video is only sharing with friends, it is shared with everybody and therefore open to the Search Engine and facebook has the right to share that publicly. Gerri this new thing. I have to think people are going to complain about it. You think that they will be able to keep it . There is no doubt that they will be able to keep it. People will complain that we can always do ith facebook. Unless we raise a stink, we forget forget about it after week and they go on. It is their business model. This is how they make money, by aggregating personal information and selling it to others. I find it deeply annoying. Okay, your points here, suggestions and tips for people who want to keep their information private. Use a shared care . Yes, that means that ifou put it up on facebook, you better be darn rady to have it shared publicly. That is essentially what youre doining even if you have all of your settings set up, somebody else can share that data and it can be totally public. Gerri ow does that they used policy help me . Oh, it is such an eyeopening thing. I have had my daughters do that and you cannot believe what you find out about what they are sharing. It totally is revealing about the information youre giving way on her. Gerri you talk about customized settings. I think this is critical. You do not want all this information out tere, i do not think. No, you do not. You want to lock it down from the start. We put a video on our blog about how to go about it. That setting on the righthand side, so that you are not automatically sharing everything in the future or the past. John, thank you so much for coming on and warning us about this. We appreciate your timee have a great weekend. Thank you and u2 gerri what will they think of next . Well, coming up we have a woman who has been fired for being a threat to her bosses marriage. Why is that we met because she is too attractive. Is it legal to fire agreement and the white house has tried to push obamacare on everybody. Now five years later, states are being forced to show and tell. How they are selling is signature law and how you are paying for it next [ villain ] we mr. Baldwin. It appears our journey has come to a delightful end. Then i better use the capital one purchase eraser to redeem my venture miles for this trip. Purchase eraser . Its the easy way to erase any recent travel expense. I just pick a charge, like my flight with a few taps, its taken care of. Impressive baldwin. Does it work for hotels . Absolutely thank goodness. Mrs. Villain and i are planning our. You scare me. And i like it. Lets go whats in your wallet . From the fox business studios in new york, here is gerri willis. Gerri it is raining again in new york. You have to hear this toy. A sales pitch that a lot of people dont want to hear. Obamacare. State advertising the changes on everything from coffee cups to porta parties. Our branding expert joins us now. This is mo ridiculous thing ive ever heard of thatthe states arenow going to have to advertise obamacare, taxpayer dollars, do you like what they are putting up their . Does it make sense to you . Welcome to the overall idea of elling an idea is kd of what i do. That part makesense. But it doesnt makesense in the way they are doing it. Extensively you have three different waves of obamacare were canceled by different states. None of them are telling the right story. Gerri how so . Lets talk about a couple of things eyre doing. They are putting pictures on porta parties, listen to this. This is hysterical. This is what the state of oregon is doing. Gerri soow is that about obamacare . I dont get it . Neither do i. I suspect neither do the oregonians. The fact of the matter is that this whole thing really should have had a centralized strategy and it shouldve been a centralized type of a campign that shouldve been a lot more direct so that leaves people could unerstand what it is that they are getting into. The number one problem with obamacare is no one really understands it. The least of which congress who wrote the law and put it into place. It is estimated that a billion dollars will be spent by both sides. People that are antiobamacare, those that are proobamacare by 2015. How should they pitch this money . If they were calling me, i would tell them be targeted directly at this market. Young people are he harm highmargin guy that will be paying for this stuff. I think this country lacks an opportunity for young people to step up. The only time he see people step up is when there is a natural disaster. If you could convince them that they ran on a ticket of change, heres the change you want to do and heres how it works by yugos adopti this page you will be able to help take care of each other and your older generation who really needs this. That would give them a sense of productivity and purpose. I have to tell you that it is a hard sell to cost you more money an what you doing this evening. They have a higher price tag particularly for young people. Thank you so much for coming on. Its fascinating what they are doing with this and its going to be interesting tsee if people really do sign up. If we take your words to heart. Thats a tough sell with this message. [laughter] gerri we appreciate your time. En we come back, it is fashion friday and we have an interesting idea for your kids this summer. And is it ever okay to fire someone that you think is too pretty . Order that disimination . Our legal panel weighs in with coming next every day were working to be an Even Better Company and to keep our commitments. And weve made a big commitment to america. Through all of ourly energy operations,e. We invest more in the u. S. Than any other place in the world. In fact, weve invested over 55 billion here in the last five years making bp americas Largest Energy investor. Our commitment has never been stronger. Gerri tell us about the details of this case and how how this cameo pa. She was there for 10. 5 years. Over time i would justthat his wife, who also worked there, but im just wiped some interactive and there really was nothing going on. But she was very concerned about it, getting jealous, ultimately he decided to let her go. Obviously for the sake of his marriage. The question is if it is legal or not. One would argue or think that it is gender discrimination. If she were a man, she may not have been fired right hd alies not extend that far. If he women is fun because shes learned or have children, that is an extension of her gender. Gerri are pretty is not . It is not. She was there for years, known to be the best analysis and that he had and she did not have an affair with him or for the company she is fired because shes too pretty . Because the wife was worried about something that had not happened . Your marriage together. That is not her fult. That is not this womans fault and she does in a motel because this . That is so wrong. By the way, an allmale supreme court. This is why the fighting in washington is a very big deal. When the plaintiff comes in, they dont get to pick the judge. Female judges dont always go out of their way to help the mouse. I dont think that this is discrimination. I think that let me explain point of view. She didnt do anything wrong. This is a private business by a dentist. Its his business, he can do anything he wants. The law does not protect you must it is discrimination. I do not think this is discrimination. If it were a man and he was pretty, he would not have been fired. It is gender discrimination. With a lot of what youhave not expanded it. Yes, it is gender discriminion. It has already gone through the iowa supreme crt and i think she should go make it a federal case, a title ix case. Gerri come on dont you thin this is an annoying nightmare . We have to pay for these cases that go through the court. If ths guy doesnt want to employ this woman come he doesnt have to. The uestion is should that be the law, should expand further. Because i do think that her gender did make a difference. Youre going to have a problem if you are replaced by someone of the same gender. About the wife make sure that you clear the next employee. All of these employees were women. Exactly. Discrimination over being pretty. Gerri at his private office and business. The point of wyering is to understand tha even though i dont agrewith that, but if the law. Gerri no, it is not under dissemination. It is, or she would have been fired. Im talking about lgalities. If it is a gender issue, its because she hadchildren i never stated intent stereotypes. But thisis how you will, it is not gender related. Its not like she was dressed inappropriately. He was doing her job. She was the best dental assistant that he had. It was not brought as a sexual harasent case. They were not having an affair. So this poor woman cannot win macromedia say that bringing pretty was a factor, you two uld have to be worried. Gerri i like him so much. He is just right all the time. [laughter] gerri it is a very interesting case. Email us at gerriwillis. Com. Still to come, my two cents more and we go in fashion with Madison Robinson. Shes 15 years old and the creator of fish flop. I want to make things more secure. [ whirring ] [ dog barks ] i want to treat mo dogs. Our Business Needs more cases. [ male announcer ] where dyou want to take your busine . I need help selling art. [ male announcer ] from broadband to web hosting to mobile apps, Small Business solutions from at t have the security you need to get you there. Call us. We can show you how at t solutions can help you do what you do. Even better. Gerri gerri in fashion, go to the beach. Take a look at this. Isnt that nice . I love it. Okay, kids are flipping for colorful flipflops designed by a kid. Fish flops was created byn 8yearold gir in with her fathers help, it has been expanded into a national brand. Here is Madison Robinson and her father, the creators. You are now 15 years old, tell me h you came up with this idea. Yes, i love to john color and i loved love the beach and i wore flipflops all the time. I drew a sketch and i give it to my dad and said, here, fish flops. Gerri then you had to turn it into a business. Yes, i went to the ebsi and i purchased fishfflops. Com. And i said, okay, we have something. So i took the drawing and had so samples made. People place orders at the trade show and it s a big interest. These are not just any flipflops. These are very colorful and bright and flashy. How how did you come up with that idea . I have seen shoes for kids. What made you do that . I just thought that i wanted to brng some personality to them. Gerri you said that there will be some adult flip flops coming . Yes, we are interestedand we focus on the children first. Gerri you talked about those in their have to be some challenges along the way. It took ime for the samples to come in and to et them made and for people to actually want to buy them. It has taken a big deal of time. But now that its happening, we are very excited about. Gerri we have interviewed lots offashion entrepreneurs on the show, you are denitely the youngest at 15 years old. If you are here now, werethe one being tenures . I want to continue with my own brand. Gerri accompanied me. I understand that the proceeds from this endeavor are not going to madison directly right now. What is being don . We are putting the funds away for college and we are going to try to let her go out and possibly do some are jobs ke every normal kid until he gets out of college as ell. How you feel about that . I think its a good idea. Gerri where can you fi the products they next. At Nordstrom Stores and at fish flops. Com. Im so gladthat it happened. This situation is only going to get bigger next year. We are working with the Merchandising Team to expand the brd. We cannot thank them enough. You guys are a gret team. Thank you for coming on. Gerri we will be right back with my two cents more and the answer to the question of the day. Are you ready to come back in are you ready to come back in the there is a pursuit we all share. A better life for your famy, a better opportunity for your busines a better legacy to leave the world. We have always believed in this pursuit, striving to bring insight to every investment, and integrity to every pn. We are morgan stanley. And were ready to work for you. Its delicious. So now weve turned her toffee into a business. My goal was to take an idea and make it happen. Im janet long and i formed my Toffee Company through legalzoom. Never really thought i would make money dng what i love. [ robert ] we created legalzoom to help people start their business and launch their dreams. Go to legalzoom. Com today and make your business dream a reality. At legalzoom. Com we put the law on your side. Stocks close at another alltime high. E you ready to jump back in . Here is where your posting on facebook. I divested of all stocks be coz it is a huge collection of black friday all over again. I dont think will happen in six years. 19 percent said yes yes, 81 percent said no. This month marks six months months, seven months since sandy hook the committee has trieto move on including construction of a new school and brought up the best of peop who were liningup to help sending money to the united way to he the victims and survivors to put their lives back as best they could but not one dime of more than 11 million united way has collected has been handed out its an issue we have been focusing on coping to see that to go to the people that need it not until last night we see signs of hope at the Community Foundation as they were dividing up the nations cable up with the plan and ken feinberg said it is not a perfect solution but it is what they have. Some people want to know what only twothirds of the money is going to the families. Eventhose just killed in ohio even the red cross still had not paid out 100 million to sandy victims seven months after the storm for these charities do amazing work, lifesaving work but also boosts on the ground when the country cannot be there. Getting that many of fast and right can be done just like boston and colorado i hope next time theyre ready that is my 0. 2. All next week we will bring you a users guide to health care. How to talk to your doctor doctor, and cut costs is starts on monday. It will be exciting. Thank you for joining us. Have a greatight. We will see you on monday. Lou good evening. Thank you for being with us. Egypt in the state of chaos after the ouster of president morsi removing him from power is a to witany reasonable understanding of the definition of the word unless you are the president of the united states. The oma house refuses to call the ouster a coup. The violent clashing in the streets with morsi supporters in more than 50 People Killed but listen to the president s press secretary who
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