Big surprise in all this, the burger king deal today, shifting its Global Headquarters to canada, made possible by Warren Buffett, a posterchild for the white houses socalled Tax Fairness Campaign in america. For more on this steve moore, senior economist at the Heritage Foundation and fox news contributor. I got to tell you, steve, i have so much to get to in this segment. There are so many outrages here. I want to start with taxes because you maintain, even though the company says different, you maintain this is a tax issue. They are trying to avoid u. S. Taxes. Give us the details. Well, of course the company would never say that. And just like when Companies Move from california to texas they dont say theyre moving for taxes but they are. Youre talking about a situation where the Corporate Tax rate in the United States is about 38, 39 . In canada where this company would move to it will be closer to 25, 26 . There is a big advantage. The advantage is to shareholders. I would make the case that, this is a business and Investors Show these ceos have fiduciary duty to their shareholders to find the best return they can get for their shareholders. The left are the ones who are sort of hypocritical here because they have been saying years for years, taxes dont matter. Doesnt matter one place has a high tax rate and another one has a low one. It matters a lot and were learning that lesson in a painful way by these cascade of companies that are leaving. Gerri thats right. To your point, you gave us the allin number on tax comparisons, canada and florida, which is where burger king is headquartered, let me show awe broader look attack rates. Corporate tax rates, federal, national rates, 35 . China, United States, 25 china. Germany, 15, canada 15, ireland 12. 5. If you dont think this makes a difference to the bottom line, if you dont think that investors and wall street are all clamoring for this, youre absolutely wrong. It only makes sense for a company to do what is right for their bottom line. But steve, i have got to tell you, we talk to a lot of people on the street today, theyre not happy. I want you to hear what they had to say. Look at this. Sure. Gerri tell me what do you think burger king moving to canada, what do you think . I think it is outrage and United States in regards to, supposed to be the american whoer. You think it is wrong . Do i think it is wrong . I think American Companies should pay taxes in the u. S. Gerri so they will leave their stores here obviously. They will leave the headquarters here but pay canadian taxes, not u. S. Taxes. No, that is not right. Then our taxes will go up for regular businesses that work in the United States. U. S. Taxes are too high. Gerri so your view, is dont blame them. I dont blame them. Gerri so interesting mix of views there. Folks are on fire about this. I have to tell you number of facebook posts were getting tweets on this. People dont want to see burger king go. What do you tell them, steve moore. What should happen . Gerri, i dont want to see them go. I hate it when i see an American Company that leaves the United States and takes jobs with them. Why cant we be competitive . You want to reverse this situation and bring Foreign Companies back to the United States and crypt jobs here . Abolish the Corporate Income tax. Tax the Corporate Income when passed through to the shareholders as Capital Gains or dividend income. We could move overnight from being company where everybody would want to be here. Gerri, you and i talked about this for years on this show and others. Gerri right. And i predicted, right, gerri this was going to happen, that American Companies would leave if we didnt fix our tax system. Not just me saying this by the way, Barack Obamas own economists warned him about this. Gerri what is happening in washington right now, well have a segment on it to tell you more, the Treasury Department is trying to figure out ways to make this stop, and let me tell you, that only makes Companies Want to do it more because they think the door is going to close. That is exactly right. I i want to talk about Warren Buffett because here is the irony of ironies, the poster boy for the Obama Administration when it comes to tax fairness. He is going to finance this deal. He is going to make money on this deal. What does that tell you, steve . You know, i was going back and reading some of his congressional testimony and some of the pieces that he has written in the New York Times and he made statements such as, you know, i never made an investment deal based on taxes. Taxes dont figure into these things. And then he is also said rich people like me should be paying more taxes, not less. He is one of the first people in line, i like Warren Buffett. The guy is an amazing investor. He helped build great American Companies but i think the h word comes into play here, hypocrite, because he is designing these tax dodges the very ones that he bemoans. Gerri for the administration they have to sit up and listen, i think, when the guy who was on your side on taxes earlier is suddenly nowhere to be seen. Well, nobody wants to see 1 3 of their paycheck from a dividend, for a capital gain being taken from the government. When you this bit, what does 35 Corporate Income tax . It is basically making american government, the u. S. Government as 1 3 shareholder in every company in america. That is socialism. Gerri we have not competitive. We are not competitive. We are not. Gerri here is the list. Say goodbye to corporate america, fortune 100, fortune 500 companies, just keep on keeping on what i say. Youre right. Gerri steve, appreciate it. Okay, gerri. Gerri we want to what you think, would you boycott burger king moving to america . Vote on gerriwillis. Com. Vote on the righthand side of the screen. I will share results at the end of the show. This deal with burger king is responding to urgent calls in washington before every American Company leaves the country. They called on congress to close the socalled tax loophole. Rich edson with the democrats are riding this issue to midterm elections riding burger king affront to economic patriotism. Senator dick durbin wrote, im disappointed to burger king to renounce their american citizenship. I talk about Companies Mulling the tax dodge to reconsider. On congress to protection u. S. Taxpayers to avoid these schemes. Democrats are talkingcalling for boycott and penalties on companies that move their headquarters outside the u. S. A group that represents foreign businesses that invest in the United States, congressional or executive changes to inversions could hurt Foreign Investment in the u. S. Its a political diversion. It is an issue that is distracting policymakers from pursuing policies that could actually have an impact onions and growth. Republicans mostly stayed away from the issue of the they say any short term curbs to inversions would have unintended consequences. These inversions are more proof that Congress Need to overhaul the entire tax code. Gerri . Gerri i really want to know the white house reaction to Warren Buffett today because this to me is a very big headline. You know, the white house is refusing comment on any specific inversion deal especially this one. Buffett was the centerpiece of a White House Campaign on tax fairness a couple of years ago. President obama pushed the socalled buffett rule, that is minimum tax for millionaires inspired and supported by buffett. Now the billionaire is helping finance the type of deal that the president has described as unpatriotic. White house official will only say that the president supports measures to address these inversions. Buffett, the financial times, reports is defending the deal saying it does make sense to base the combined company in canada as tim hortons has such a strong base there and little presence elsewhere. Gerri . Jo rich, thank you for that. And remember, you can sound off on this topic. Go to gerriwillis. Com. Well, from taxes to health were in danger of addicting a whole new generation of smokers. That is the warning tonight from the american Heart Association. Theyre sounding the alarm about ecigarettes. To find out why were joined by a doctor. He is one of the authors of the Heart Association paper that is just been released. We appreciate you being here tonight. Tell us why youre sounding the alarm on these ecigs . So we know that most smokers die from heart disease, from smoking than from any other cause and smoking remains the number one preventable cause of death in the country. So with the introduction of ecigarettes in the market it is important that we figure out and understand what these things are, what they do and how do they affect heart health and what policy we should adopt. So hens this was an expert, group of experts that got together andvilled a policy statement for guidance with the american Heart Association. Gerri more about what you dont know than what you do know at this point but arent these ecigarettes healthier than actual cigarettes . That is not clear. They dont contain several of the toxic components present in normal conventional cigarettes but we do not know to what extent theyre less harmful than conventional cigarettes. So i think the jury is not out yet, that they are less harmful than conventional cigarettes. Gerri you guys say there are some kind of contaminants in the ecigs. Do you know what the contaminants are . What should we be looking at . Ecigarettes are not regulated and we do not know what the contents are but people measured Different Things in them and turns out they may have trace levels of things like antifreeze, or foam or tin. That comes out from the solder that the ecigarettes are made of. Were calling for strict regulations of products to disclose what is in them so the fda can regulate them. Gerri so i think, it is interesting, because you see actors smoking these all the time on tv, elsewhere, talking about them. Theyre very popular. Are we going to get a whole new generation people that use these with no idea of what effect of these are. That is concern for the american Heart Association that these are a gateway to other drugs and this year 600,000 High School Students tried ecigarettes, of them 10 never smoked or tried a conventional cigarette. So they could be a gateway to the use of tobacco products. Theyre the young people consider them as cool, easily accessible. Theyre totally cool. And in fact the companies are making them cool for kid because the flavors that they use attract children. Before you go, really want to talk to you about another health danger. I realize youre chair of the Cardiovascular Group at university of louisville but one of the health risks weve been looking at for some time now is the dramatic rise in Poison Control Center calls because little kids are being exposed to the liquid in the ecigarettes. The vials break open. When theyre exposed they get hurt but nobody is paying any attention to it, doctor. What do you make of that . Yes. So there has been dramatic rise in calls for the e. R. Of poisoning because of nick teen. Nicotine is very poisonous substance. A teaspoon of nicotine can kill a child and readily absorbed into the skin. A tablespoon can kill an adult. Were calling for strict regulation on refill cartridges for e fill cigarettes. Ter tamperproof and child proof and labeled correctly. So we dont want accidental poisoning of children or adults for that matter. Gerri would you let your teenager smoke these . No. For two reasons. Because we know that nicotine has very profound affect on the brain of a developing teenager. Once you start smoking cigarettes, there is easy way to go to smoking conventional cigarettes. Gerri doctor, a pleasure to have you on. Thank you for having me. Gerri we have more to come this hour, including your voice. Your voice, it is important to us. Thats why during the show we want you to facebook me or tweet me gerriwillisfbn. Send me an email. Go to the website gerri willis. Cop. At the bottom of the hour i will read your comments. Do it yourself, you know what . Not only applies to Home Improvement projects. Next i investigate the big shift in Customer Service at the nations biggest retailer. Stay tuned. Never before has this kind of passion, this kind of innovation, engineering, design and performance. Been available. For this kind of price. The 2014 cla from mercedesbenz. See your authorized dealer for exceptional offers through mercedesbenz financial services. When folks think about wthey think salmon and energy. But the energy bp produces up here creates Something Else as well jobs all over america. Engineering and innovation jobs. Advanced Safety Systems technology. Shipping and manufacturing. Across the United States, bp supports more than a quarter million jobs. When we set up operation in one part of the country, people in other parts go to work. Thats not a coincidence. Its one more part of our commitment to america. When your favorite food starts a fight fight back fast with tums. Relief that neutralizes acid on contact. And goes to work in seconds. Tum, tum tum tum tums try great tasting tums chewy delights. Yummy. Gerri does pressing one for this or two for that press your crazy button . Does scanning make you want to kick and scream . You may want to get into the yoga pose and breathe before this next story. Seems were turning into a selfservice nation. Todd marks from Consumer Reports says there are ways to get the most out of the dyi economy. Grade to have you on the show. Hi, gerri. Gerri every way seems like theyre making me do the work they used to do and now i have to do it. Tell us about the cuttingedge of this. What is going on . Look it is all about cost savings. It is the perfect storm what we see going on there. Customer service is morphing into customer selfservice. We have i am previousing technology. Weve got digitally savvy millenials who are more comfortable interacting with touchscreens than they are with people. Couple that with desires for efficiency and cost savings and youve got the perfect storm where people are basically doing the jobs that were once handled by paid professionals. Now if youre older or less digitally savvy or technological savvy, you could be left behind. Where things that we once took for granted, for example, you want to make a you want to make a plane reservation, want to print out a boarding pass, want to change your seat, all if you do it manually costs money. Youre being penalized if you dont get in lockstep with the current trend. Gerri todd what kind of service do i get today that will be gone tomorrow . Well, one of the things is, again the direct headtohead interpersonal relationships we have with people. In the future, were going to see, seem more Customer Service being conducted at a distance, virtually. Twoway mobile communications. You may have a broken refrigerator. You may have a Customer Service issue, you cant do something. You will have the mobile phone with a, with a virtue Customer Service agent who will be looking over your shoulder and directing you on how to improve things. We have already seen with some highend atms. Atms now, have kind of the, some newer at muchs have virtual tellers or real tellers at the other end of the screen. Gerri ive seen that. That guide you through things. This is way of future. Gerri ive seen that, but doesnt always work. That is the problem. What do you do if youre trying to get real Customer Service and you cant find a human being . Well, look, there is a lot to like about customer selfservice. It is empowering. It gives us ultimate control over an experience. We like that. Everything is great though until something goes wrong. Then what do you do . More and more companies are burying their phone numbers, make it impossible to get this touch with a live agent. Thats right. One of the great things i see more companies doing engaging in online chats, not just video chats but mostly online chats where you get a transcript and go through and keep document nation of your problem with a documenttation of a problem with virtue Customer Service agented and you can find number of the company, one is dial a human. Com and get a human. Com that give you secret phone numbers to companys Corporate Headquarters that are becoming impossible to find so you can get a real person. What i always tell people, when you do get that agent, say you want to escalate the call or escalate your complaint, the eword is the key word because that is something that companies dont want to hear. If too many calls of complaints are escalated to a supervisor, the Customer Service agent and bottom can get in trouble trouble they want to respond to that. Gerri todd, i love that. Dial a human. Com. What was the other one . Gethuman. Com. Gerri do you have that that . Two critical websites you need for help. Theyre very good. Gerri todd, thanks for coming on tonight. Always pleasure to see you. While tod gave us great hints being heard seeps the worlds biggest retailer is already listening. Trust your car to the man who cares the star, the big bright texaco star your texaco dealer not only s everyone ought to he will doublecheck too. Gerri many years since gas station attendants rushed out to service your car. Some retailers are eyeing the checkout line thinking there is an app for that. Walmart tested smartphone only transactions at some of their stores and found many people werent thrilled with taking selfcheckout to the next level and paying with their smartphone. We tested all kind of different features and innovations. Some of those innovations are perfect where customers are at and comfortable doing today, and some are a little bit of advanced. I think our initial test may have been a little ahead of where customers are at. Gerri walmart took away key lessons from the smartphone experiment, including that people really like the aisle finder feature. Sort of like gps for eye shadow. Often times sent to the store to pick up items i come with a Shopping List. Some of those items i put on. Some much those items are items that my wife puts on, cosmetics or beauty products, i dont typically shop for and dont know how to find then. One of the beauties of the walmart app i can create a Shopping List from home so i see item availability, price and even aisle location before i even grab my car keys to head to the store. Gerri for those of us trying to stick to a budget the walmart app really helps. What i like is that, if youre worried that you dont have enough money on you, to pay the bill, you can actually look at this. While walmart is taking a pass on selfservice stores, at least one major restaurant chain is trying to reduce your face time with your server. When you walk into certain applebees stores, the hostess give you a table or tablet. A spokesperson for applebees theyre not showing your waiter the door. You can only order appetizers and drink refills with the tablet for now. The saying, check please, may be a thing of past. The cart system lets you pay the bill electronically from your table. Gerri applebees is not only restaurant experimenting with the cyber server. Chillies is giving electronic tablet as try. More to come on that store, thats for sure. Still to come, people flocking to buy a franchise but difficult to know what you might be getting into. Next we answer the question, how do you do that . How to buy a franchise with your eyes open to the risks. You, my friend are a master of diversification. Who would have thought three cheese lasagna would go with chocolate cake and ceviche . The same guy who thought that small caps and bond funds would go with a merging markets. Its a masterpiece. Thanks. Clearly you are type e. You made it phil. Welcome home. Now whats our strategy with the fondue . Diversifying your portfolio . E trade gives you the tools and resources to get it right. Are you type e . Gerri rules and regulation from the company itself, they have a way of doing business. The advantages they have the big brand, maybe you are running an applebees, who knows what you are running. You have to wonder is this really the option for someone who wants to be an entrepreneur . Absolutely isnt. Most Franchise Companies should have a sign up front, entrepreneurs need not apply. You need to be a lieutenant, follow a brand standard and adhere to a brand standard because uniformity in a franchise is almost always important. Gerri can i get rich owning a franchise . If you choose the franchise well and you choose a business that protects your equity interests, then yes, a great potential. A lot of people have made a lot of money buying franchises. Most of the people may have bought a sports franchise or a beer distributorship or hotel, you can make good money with the franchise provided that the structure of the franchise is not set up to protect you, to prevent you from benefitting from the equity interest us that have. Gerri something to be aware of. What other risks are there to owning a franchise . We dont have enough time in this millennia to fully answer that request. The biggest risks today are that Franchise Companies are continuing to evolve in a way that they are ever more controlling of the experience. And not just the experience but the Equity Ownership in the business. Thats probably the biggest concern. The second major risk, trend i guess is you see a lot of private Equity Companies coming into the ownership or franchise businesses, and a lot of capital comes in there, usually the idea behind private equity is get into a business, squeeze out the profits and sell the business, and thats not good to the longterm interests of the guy in it for the longterm. So thats another huge risk that we would identify. Gerri and my private equity friends would disagree with you, robert. One other issue that i think that people who may be considering this may not be aware of. Thats the startup costs for some of these. You sink a lot of money into these. 7eleven. These are estimates from entrepreneur. Com. Serve pro 138,000 to 187,000. If you want open a dennys. Open a dennys, its one million to 2. 6 million. You have to have capital to get going. Thats correct. The business proposition for franchising, the franchisure is looking for you to buy capital. Its more substantial usually in starting a franchise business than starting an independent business. As an independent can you cut corners, when you buy a franchise follow patterns and you should, and it makes it more expensive according to all the studies that are done, its more expensive to start a franchise than an independent. Gerri and protect equity position, thats what you said before, thanks for coming on the show tonight. Franchising is popular, up 43 this year, thanks so much for coming on. Thank you. Gerri time for a look at stories youre clicking on foxbusiness. Com. American airlines will no longer sell tickets on orbitz. American pays the Online Travel company for the flights that passengers book on the site and the relationship has become too costly. Home prices in june showed smallest gain since early 2013. And according to s p caseshiller home prices went down from 9. 4 in may. Housing didnt deter wall street. Stocks rallied between the merger of burger king and tim hortons. The s p 500 closed above 2000 for the First Time Ever making 30th record close of 2014. And get ready for drones at next trip to disney. The Entertainment Company reportedly filed several patents to use unmanned aircrafts to help with light shows and projected displays. Cool. Those are some of the hot stories right now on foxbusiness. Com. Later in the show, a 20 consumer gadget diverts a flight and results in emergency landing. And the student debt crisis not only affecting young americans. How hundreds of thousands of retirees losing Social Security benefits. Youll want to hear this. Shes still the one for you. And cialis for daily use helps you be Ready Anytime the moment is right. Cialis is also the only daily ed tablet approved to treat symptoms of bph, like needing to go frequently. Tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. Do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. Do not drink alcohol in excess. Side effects may include headache, upset stomach, delayed backache or muscle ache. To avoid long term injury, get medical help right away for an erection lasting more than four hours. If you have any sudden decrease or loss in hearing or vision, or any allergic reactions like rash, hives, swelling of the lips, tongue or throat, or difficulty breathing or swallowing, stop taking cialis and get medical help right away. Ask your doctor about cialis for daily use and a free 30tablet trial. Gerri the student debt dilemma isnt just hurting americans right out of college, impact a growing number of Senior Citizens in this country. According to government reports. 156,000 seniors have their Social Security checks docked for delinquent Student Loans. Here with more on this is joshua cohen can cohen consumer law. Welcome to the show. I know a lot of our viewers will be disconcerted to hear this is going on. Are you seeing more and more of it . Yes, i am. It happens all the time. Gerri so heres what i dont understand about the story. Why does it take the government so long to come after you . Why arent they coming after people when they incur the debt . Great question. Technically they are, they have servicers, job is to make sure you are paying tab. If you are delinquent, job is to make sure you dont default. Why its happening the way it is a good question. Gerri sounds like the irs is looking for extra dough. In 2006, 47,000 people had benefits garnished. In 2006 it was 40 million in 2013, 150 million. So it sounds to me and joshua, you tell me, you are seeing this with clients, that the government is really putting a lot of money into this going after people who have outstanding debt. Thats true. Also realize that the number of people that are entering into Social Security age is increasing as well. So theres a bigger pool to go after. Gerri a bigger pool to go after but the example they saw in the paper of the situation, they didnt realize they had the debt. Do most of your clients understand they are due and owing on college debt. A good number of them. Federal Student Loans dont have a statute of limitations, not uncommon for me to get a call for someone with a loan from the 1980s. Gerri is it their debt or their kids debt. Its their debt for child oftentimes. There are those that have Student Loans but most often for children. Gerri this has no Expiration Date . Thats correct. Gerri is it due and owing and continuing to tick higher and higher. And worse than that, it gets capitalized. Interest gets turned into principal which makes the interest grow quicker. Gerri my goodness. In effect, if you have one of the bills when youre of Social Security age, its going to last the rest of your life. How much money are they taking out of these checks . Well, first of all these are only for defaulted loans. When they do it, theyre allowed to charge up to 15 . Thats a lot. Gerri 15 interest . The offset is up to 15 . Gerri okay, so they can take up to 15 of your check, of Social Security check. True. Gerri and to quickly close the deal on this, does this go on for the rest of your life . If youre in default, yes, if you get yourself out of default, you can put yourself on a payment plan that will come with eventual forgiveness. Gerri joshua, thanks for coming on. Show. Appreciate it. Thank you. Gerri most College Freshmen arent thinking about the debt, theyre having fun at school which is why the college gives a snapshot view how they view the world. A fact not Science Fiction thanks to dolly the sheep. The first mammal to be cloned in 1996. Four is a positive change. Joe camel never introduced one of them to smoking. The giant in tobacco marketing was sent packing in 97. Unfortunately we have ecigarettes to fill the gap. Since toys r us created a toy registry for kids, visits to santa might be a formality. And remember using netscape, the go to Search Engine of the 90s. They probably never, ever, ever used netscape as a browser. And the number one item on the mindset of the class of 2018. When they see wirerimmed glasses, its not john lennon theyre thinking of, its harry potter. Were you investing in 401 k the wrong way . How the travelers with fedup fees and long delays are sparking a renaissance executive coach buses. Heres consumer gauge. The s p up 8. 2 . Thats mighty pretty, isnt it . Someday well all retire. Stay with us. Mmm, progressive insurance here. Ever since we launched snapshot, my life has been positively craycray. Whats snapshot, you ask . Only a revolutionary tool that can save you bigtime. Just plug it in, and the better you drive, the more cash youll stash. Switching to progressive can already save ye 500. Snapshot could save ye even more. Meat maiden bringeth to me thine spiciest wings of buffalo. For that moment, where right place meets right time. And when i find it i go for it. announcer at scottrade, we share your passion for trading. Thats why we give you the edge, with innovative charting and trading features, plus powerful mobile apps so youre always connected, wherever you are. Because at scottrade, our passion is to power yours. Gerri flyers are erupting into fights over midair and over a simple 20 gadget. Meet the knee defender it. Prevents a passenger in front of you from reclining his or her seat so you cant move. And what happened is on sunday, a United Airlines flight to denver was diverted to chicago after a woman threw a cup of water on a guy. The man was using the knee defender and the woman didnt like it and yelled at each other and water was flying. Both were kicked off the plane. Are the gadgets legal . Lets bring in cecile. These are all the rage i mean. Gerri you are not supposed to have them. Not supposed to have the gadgets. Most of the airlines prohibit the gadgets on the flights. The faa has not prohibited it yet, after this recent incident, that is going to be off the nofly list. Gerri tell me how exactly do you use it, where do you put it . Its interesting, its a tiny little contraption and retails for 22 and you put it behind the meal tray, it attaches to meal tray and prevents the seat from being able to recline in front of you. As youre trying to recline in your seat, you cant, its jamming the seat and you cant recline. Gerri this is a recipe for disaster. I understand the faa told the airlines you can do what you want and the airlines are saying no. One of the best things i like about the product is the courtesy card. It comes with air courtesy card. Tell us about that . A very cheeky device with a cheeky courtesy card. It has a card that states im sorry id like to recline and this is going to prevent you from reclining your seat. I am a Firm Believer in being able to enjoy your flight, but when im sitting in a seat that can recline, id like to be able to recline. Is that not my right you. Bought the seat, you are able to use it. Exactly these people are fighting like children in the air. Gerri one of the many things that drives people crazy. Not enough leg room, not enough room to move around. And now a lot of executives are opting to travel by bus, unthinkable. Why is it suddenly so attractive . Long gone are the days of the oldfashioned bus liners, a fleet of really, really luxurious executive bus liners and they offer a lot of the wifi and the connectivity that business travelers are looking for. So a lot of these on the amenities is complimentary wifi, power outlets. One bus liner has a sixseat Conference Room in the back of the bus which is a cool feature to have especially when traveling to meetings with your team. Gerri love, love. Want it just for me on my own, travel like a rock star. But weve been having a lot of fun here, i have a very serious story to talk about. Thats American Airlines and usair are opting out of orbitz for right now. They cant come to an agreement with orbitz, apparently they are on travelocity and expedia. Here is my concern, that these airlines in an effort to save their profit margins, will take themselves out of circulation in arenas where we compare prices as consumers and try to keep all the information on the website so its harder to know what rivals are offering. Do you agree . Yes, i agree. I think its a very dicey move for someone like american and obviously now u. S. Airways as well. A lot of consumers like to book through these engines where you can search. Gerri right. Americans are bargaining on having brand loyalty and having consumers that always fly american to always go back to flying american. A lot of consumers take offense and say i want to go with whatever is cheaper or go with an airline they like the amenities that they offer. Gerri cecile, we just had a ghost this week who told us all u. S. Airlines are equally dismal. Thanks for being with us today. What can we say . Maybe the bus is the way to go. Who knows . Thanks so much. Gerri thank you very much. Heres what some of you are tweeting me, would you boycott burger king for moving to canada . Marie tweets this, time will tell, never underestimate the power of the american people. I got to tell you the rest of the folks said stuff like this. Tom, absolutely not, what did you expect when companies are made villains, demonized and overtaxed. Running from the problem is not the solution. I will not knowingly support a company that contributes to the destruction of the country. And jeanne says i bought cheeseburgers there yesterday to show my support. Theyre not leaving, they are driven out by the antibusiness liberal wackos. We got a lot of those. You guys do not like this. You want to see the Corporate Tax rate change. Still to come, my 2 cents more, and we keep seeing surveys how people are not prepared for retirement. How to get the most bang for your buck when investing in your 401 k . Stay with us. How about over there . What does it mean to have an unlimited Mileage Warranty on a certified preowned mercedesbenz . What does it mean to drive as far as you want. For up to three years. And be covered . It means your odometer. Is there to record. The memories. During the mercedesbenz certified preowned sales event now through september 2nd, youll get complimentary prepaid maintenance and may qualify for a twomonth payment credit. Only at your authorized mercedesbenz dealer. Gerri more and more gm victims tonight. There have been 107 applications so far from people claiming the gm ignition switch defect led to their loved ones fatal crashes, according to the office of ken fine berg who General Motors hired to independently run the victim settlement fund. 202 claims made for injuries so far, a third of the claims for deaths. That does not mean the claims will automatically receive compensation, applications will be accepted through the end of the year. Well, big change in gears here. For the majority of americans, the bulk of Retirement Savings in 401 k , how do you know when to get the most out of hardearned money . Here can wall street journals wealth adviser columnist veronica dagger. I like that youre talking to Financial Advisers all over the country. In touch with them all the time. So you know what the questions are on peoples minds and how well theyre dealing with 401 k and how well theyre not. What do you think are the important critical things people need to do . One of them you mentioned is make sure you understand Investment Choices . Right, you are faced with so many different choices, you dont know what to do. Do your research, look at morningstar. Com. Look at funds prospect us. Find out what the fund owns, the risks within the fund. Gerri you have to do it with every fund in the 401 k . If there are a certain amount of funds that sound appealing to you, look into those. Theres an overview sheet that most of the 401 k plans give you, that you can get a sense how risky one fund is versus the other. So depending on overall risk, you can narrow search that way. Gerri one of the Big Questions are fees. How much are you paying . How much should you be willing to pay for a mutual fund . I wouldnt say more than 1 annually in terms of expenses for a mutual fund. You have expenses for plan and you have expenses within each mutual fund. So you want to stay away from the high expense mutual funds because over time, the expenses can eat into returns and youll never get that money back. In general, you might be better off contributing to the max, not to the max but getting the maximum match from your company. Gerri get the free money. Get the free money in 401 k , and if you have a lot of high fees in your plan, take some of that money and invest it in an ira, put it in a low cost passive index fund for example. Gerri another thing people talk a lot about is youre already working at the company, you dont need to buy their stock, its like doubling down on risk. Thats right. Putting so much exposure, eggs in one basket. You might feel i love my company and i know so much about it. Theres a chance you may not know as much about their finances as you think you do. Its a big risk. You want to diversify as much as possible. Gerri one thing i dont think people ever, ever, ever think about is you have two 401 k s in the family. Mom and dad are both working and my husband and i, i have no idea what hes invested. No clue. We could own the exact same funds and i would have no idea or double down on something i dont care about. Right. You could be taking more risks because you both own so much of one companys stock. If this is your idea, invest as a couple, look at overall allocations. Gerri communicate. Communicate the two of you, hopefully you are retiring together. Gerri ideally, youll be together forever. Hopefully. Gerri thank you. Thank you. Gerri well be right back with 2 cents more and answer to the question of the day, would you boycott burger king for moving to canada . Gerri and finally, when it comes to burger king, heres what i think, if tax policies dont change, bk is the beginning of a wave of big u. S. Companies which move offshore to become more competitive, and yet the administration is adamant in refusing to even consider a more competitive rate for corporate profits. In fact, the Treasury Department is engaging in backdoor efforts to stop the moves offshore, and that will be a waste of time because the more that companies believe regulators are closing the door to these socalled inversion deals, the more likely they are to pursue them. So in effect, the white houses policy may speed the results theyre hoping to prevent. Get it . Hey, white house, if youre a tax fairness guru isnt with you, might be time to change sides. Thats my 2 cents more and thats it for tonights the willis report. Thank you for joining us, dvr the show if you cant catch us live. Have a great night. Making money with Charles Payne is next. Charles tonight on making money theyre back the return of the czars. The Congressional Black Caucus is looking to police the police. This, of course, in the aftermath of ferguson but for the constitution and the economy and our prosperity, the timing is never right for the czars. My pros cant wait to get into this one. A novel idea, when the government is the only game in town, economies crumble and people get crazy. The cost of socialisms failure in france and the long are you are on food stamps, the more likely youll never stand on your own two feet. The most important question for investors, maximizing gains
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