Transcripts For FBC The Willis Report 20150219

Also the controversial way drivers are dodging the dui checkpoints. The fallout tonight after the man at the center of the storm appeared on our show. Maybe we should stop treating people like theyre guilty until proven innocence . Gerri prices for used cars hit alltime high. Well break down a new report and show you how to get the best deal, new or used. All that and more coming up on the willis report, where consumers are our business. Gerri well my friends, is it 2008 all over again . Loans to consumers with low Credit Scores are hitting highest level since the financial crisis. That is the same type of loans that pushed us into the crisis in the first place. Here to weigh in steve moore, Heritage Foundation chief economist, jamie cox managing partner at harris financial group, and rich lowery, editorinchief of national review. All great to have you here. Steve, start with you, my friend. Subprime loans back with avenge against. What does it mean . Consumers on one hand more optimistic, spending more money or banks are desperate for people to lend to and we may be headed into another recession . Real issue what does it mean for taxpayers . Dont forget, some of these mortgages are basically guaranteed 100 by the taxpayers. Now you have a situation where we have more and more of these loans that are subprime. And, remember, a couple weeks ago, gerri, we talked about the fact more and more of these loans, are very lowdown payment loans. So, are we going to have another financial crisis with housing . Who knows. But if we do the tax payers are going to lose 10 of billions of dollars. You asked a question have we learned anything from the last financial crisis. The answer is no. Gerri not really. Jamie, to you, youre out talking to clients all the time. Steve says mostly auto loans, student debt. A lot gets securitized sold in the marketplace. Creates the same dynamic situation, domino effect that could happen in this country. Do you think people are fundamentally more optimistic out there . I think so. Among our clients people feel a lot more comfortable. There is not as much job loss in the economy. Look at prices at pump the things people see every day are definitely looking a lot better. People no longer looking next door watching neighbors lose their homes. Those are the type of things what average people look at every day. Dont necessarily look at stock market. Look at things around them. People do feel better. Gerri it is interesting. Rich, to you, tell me if you heard this story before. Stock market is doing wonderfully well. The economy is okay, percolating along, could be better and we have people getting into deeper deeper debt all the time. What does that sound like to you . We have been here before and politically, gerri, the lenders get it coming and going. Theyre pushed by democratic politicians and basically Political Class to make these risky loans as a way of not excluding poor more vulnerable people. If the loans go bad, all of sudden it is their fault for engaged in this sort of lending in the first place. Thats what we saw in 2008. Hopefully well not see that again. Rich, that is called a catch 22, right . You know your literature well steve. Let me bring up different topic here. We were talking jamie was mentioning how a lost consumers are upbeat. Let me tell you who is not upbeat and that is the white house. If you saw economic forecasts for upcoming years, growth will be only 2. 3 , 2019 to 2025. Falling to 2. 7 in 2017. Steve, this just aint good enough. It is pathetic gerri. Looking at the growth rate for u. S. Economy over the last 50 years or so. We average as nation, the way weve become so prosperous about 3 1 2 rate of economic growth. What happened over the last 10 years weve fallen into about 1. 9 and the president is now saying well average what was the number 2. 3. That is way below where we need to be to bring budget deficit down, create kinds of jobs we need. We need to strive for is 3 1 2 to 4 growth. Gerri i want five, give me six. I. I am with you. I am with you. Gerri go to town, employ some people get the economy expanding. But boehners spokesman saying, instead of pushing same old policies that left middle class families behind the president should work with republicans to have Growth Opportunities for all. Who will pay the price, rough lowery for this punk economy. It has been the democrats so far. There is no comparison to the 8 00tys. Ronald reagan economy, putting crooked numbers on the board, 4 to 5 . One of keefe elements of key elements of 2016 debate how can we get escape velocity from mediocrity since 2007. Gerri i think consumers are upbeat with borrowing, theyre so board with being downbeat. Jamie, i want to ask you a totally different kind of question. This is story were following for some time. Administration pushing stockbrokers to act as fiduciaries for clients, give them more protections, watch them more closely is that a good idea . Whole fiduciary argument is been around for a while. Absolutely right thing to do. Everybody in their business im in should put clients interests first. Shouldnt be a debate. What should be debate is the turf war among the different regulatory bodies who will actually gerri too many of them. Who will make the rules. Dlo involved sec and got finra. What i think will end up happening well get a fiduciary standard across all of the financial industry between brokers but it will be difficult. Gerri steve this is interesting issue. We follow this stuff all the time. All we want is even Playing Field for people out there, want to put money in the market and invest for their kids . Look, i completely agree, obviously an Investment Advisor has a fiduciary duty to uphold the interests of people whose money he is investing. That is so obvious. What worries me, this will will be a fountain of lawsuits. People will benefit from this are tort lawyers who basically anytime you lose money in an investment, they will say you violated fiduciary duty of the client. Many cases it was just a bad investment. Sometimes investments go up and sometimes they go down. Of course, yes Investment Advisors have fiduciary duty to represent the client no question about that. Gerri rich lowery to you before we go, i want to get one more topic in here. This is obama care. Democrats saying please, please, please extend the deadlines so that the people in my district wont face tax penalties if they havent signed up in time for obamacare. What do you make of this . Where is issue going . Consistent with the pattern weve seen all along, administration and laws own supporters wanted to wiggle out of the requirements of the law itself. Big thing obviously, gerri, the Supreme Court case on subsidies coming forward could blow an enormous hole in the whole of this law. Wouldnt that be a shame . Steve, will be hardest hit. Gerri steve doesnt have an opinion. No opinion there. Steve, jamie, rich great stuff. Thanks for being on. Take care. Gerri more and more to come this hour including a big announcement from walmart. It is a giving a 40 raise to some of its employees. Next a superbug outbreak has infected at least seven people in california. Nearly 200 more have been exposed. Two have decided. Well have latest on the new health threat. What do you think, tweet me gerriwillisfbn. Or send me an email through the website, gerriwillis. Com. Well be right back. When the moments spontaneous, why pause to take a pill . Or stop to find a bathroom . 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It means your odometer. Is there to record. The memories. During the mercedesbenz certified preowned sales event now through march 2nd, youll get complimentary prepaid maintenance and receive your first two months payments on us. Only at your authorized mercedesbenz dealer. Gerri there is widespread concern tonight about a deadly new superbug outbreak. Two deaths and 200 possible infections are linked to the outbreak at Ronald Reagan Ucla Medical Center in l. A. With us dr. Bob ojeda dr. Bob people call it the nightmare bacteria. What is this superbug . This superbug is like all superbug. They heard of mrsa. We never say it. We say mrsa. This is interrow factor. This bacterium by and large lives in the bowel and bladder. It is very, very resistant. It is a carbopenu resistance. Gerri stop it with the words. Is this something everywhere or something very rare. It is not very rare. It is probably everywhere but it doesnt cause problems until it contaminates an instrument. Such as the endoscope that was used in california to look into peoples bowels. Gerri the folks at ucla says we clean that thing. There should have been no problems. How do you explain that . I cant explain it. It is very difficult to clean these things unless you do it right with antiseptics and use heat or chemical sterilization. Thinking of something that goes down your throat esophagus into duodenum. Gerri right down the middle of your body. Thats correct. It has to be cleaned very, very carefully. Gerri they use what . Use all kinds of bacteria agents agents that kill bacteria plus viruses. Remember hepatitis is also possible with these things. There have been outbreaks of around the country of hepatitis when people dont sterilize their instruments. Tom freeden of cdc says. Cre, nightmare bacteria strongest antibiotics dont work and patients are left with potentially untreatable conditions. You know heres what i worry about. In this country, in this building, everybody and their mower is using all kinds of things to fight back tear bacteria, to keep them off their bodies. I wonder is that help or hurt ultimately when it comes to the superbugs. Its a hurt. You know how people come to the doctor with a cold. I have a lot of my patients say i need antibiotic, but you dont have a bacterial infection. You have viral infection. We dont use antibiotics for viruses. People overuse antibiotics. Doctors tend to prescribe them just to pally eight the patient. This has resulted over the past 30 or so years, in resistant strains of bacteria. Gerri it is making things worse. Soap and water, my friend. That is the best thing. I want to talk to you about a new class of cholesterol drugs. Yes. Gerri cvs, pharmacy benefits manager, super expensive everybody will want it. Fifth teen million will be treated with this. I thought statins and other drugs are cheap . Statins and other drugs are cheap. This is super drug. Gerri superbugs, super drug. This is a super drug. Monoclonal antibodies specifically designed to interact with a chemical in your blood. This particular chemical when it combines with the bad cholesterol receptor on your liver, takes receptor and digests in the liver cell. Gerri will it work a lot better than the existing drugs on the marketplace. It will be superduper. When the particular monoclonal or in some cases specific kind of molecule attaches to this protein it allows the receptors to remove the bad cholesterol. Gerri dr. Bob, youre way over my head here, my friend. That is why youre the doctor. End of the day it will be something high in demand. There will be a fight over prices. Thanks for coming in. Im sorry were out of time. Always good to see you. Thank you. Gerri up next, a tale of two nations as we look at one bedroom apartment on the market for 300,000, to rent. A look at the nations biggest retailer announcing it is giving hundreds of thousands of minimum wage workers a big fat raise. Stay with us. Every truck can tow a boat. Every truck can climb a hill. Every truck can haul a trailer. But not everyone can say theyre the fastestgrowing truck brand. In america. Guts. Glory. Ram. Ameriprise asked people a simple question in retirement, will you have enough money to live life on your terms . I sure hope so. With healthcare costs, who knows. Umm. Everyone has retirement questions. So ameriprise created the exclusive confident retirement approach. Now you and your ameripise advisor. Can get the real answers you need. Start building your confident retirement today. Do you want to know how hard it can be to breathe with copd . It can feel like this. Copd includes chronic bronchitis and emphysema. Spiriva is a oncedaily inhaled copd maintenance treatment that helps open my airways for a full 24 hours. Spiriva helps me breathe easier. Spiriva respimat does not replace rescue inhalers for sudden symptoms. Tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. These may worsen with Spiriva Respimat. Discuss all medicines you take even eye drops. If your breathing suddenly worsens, your throat or tongue swells you get hives, vision changes or eye pain or problems passing urine stop taking Spiriva Respimat and call your doctor right away. Side effects include sore throat cough, dry mouth and sinus infection. Nothing can reverse copd. Spiriva helps me breathe better. To learn about Spiriva Respimat slowmoving mist ask your doctor or visit spirivarespimat. Com gerri retail giant walmart is giving 500,000 of its employees a pay raise. Starting in april the company will raise its hourly wage to nine bucks an hour. By february next year, all current workers will earn at least 10 an hour. What is behind the move. What does it mean . Joining me cg42 managing partner. Steve beck. Good to have you here. Good to see you. Gerri you say theyre watching out for their bottom line how is that so . At end of happy customers leads to good business. To get to happy customers, you have happy employees. They have not had happy employees. Frustration at root of some of their problems, whether it be, ininventory issues, whether it be stores that arent clean and welltaken care of. Whether it be, Customer Service issues both at long checkout lines or dealing with things all of them part of the root cause, is, when you have unhappy people. Gerri what is the status of their everyday low pricing . You know everyday low pricing is still the core of their strategy. But at end of day that strategy is not differentiating as it once was. So Service Becomes really important. Gerri we saw a survey that showed that walmart is the most hated consumer company, i think on the planet. Americans Consumer Satisfaction survey, found this out. You mentioned a few things you thought was going wrong with the company. When facing customers whats the issue . Well, again, i think it comes down to, if you have unhappy front line employees. Gerri you said that. Unhappy customers. Gerri how does it impact me as somebody walking through the front door . All about who youre dealing with. The experiences is defined by people you interact with. Gerri person at cash register. Greeter at door. Person cleaning floors and making sure environment is great. If all those people gerri if they had fewer and fewer people on floor . They have had fewer people on floor. Higher turnover rates. Much more difficulty creating consistent experience. Moves that they made today, i applaud because theyre basically saying we have to get back, we have to put our employees back at the center of this. Gerri this is shocking how big they are, right . Theyre the largest private second tore employer in the u. S. They have 1. 4 million employees. Net sales of 473 billion. Folks may tell surveyors people that run polls but they dont like the store but they sure go back every single day to buy more stuff. Gerri exactly. What theyre doing is expanding their footprint. Looking into smaller formats. Obviously upping investment online. Gerri that is interesting. When you look at the moves that they made today, through the lens of some of their growth objectives like smaller format stores, you go, hmmm, what are they doing . Theyre not only creating a better pay environment but some other things in there. Better career paths. More flexible scheduling more visibility better benefits. Gerri 10 years from now if i walk into walmart, what will it look like . Smaller. Smaller and nor nimble is my expectations. More popular maybe . Maybe. Gerri maybe. Maybe. Gerri its a bet. Roll of the dice. Steven, good to see you. Thank you gerri. Gerri we want to know what you think. Here is our question when it comes to walmart, do you love it or hate it. Log on to gerriwillis. Com and vote. I will share results at end of tonights show. From minimum wage to maximum spending would you pay 300,000 a month in rent . That is the cost of a one bedroom apartment on new york citys Upper East Side. Cheryl casone joins me now with more on this hot property. Cheryl . Well, this could be absolutely gerri, a recordbreaking rental deal in new york city. Talk about a bubble, this is it. This is the suri. On east 76th street right off of central park, central park east, if you will. Fifth avenue where all millionaires and billionaires live. Here is what you get for 300 grand month. One bedroom, 1 1 2 bath. 1200 square feet. It has a deck, i want to say for outdoor dining. But the rent is 300,000 per month. 3 1 2 Million Dollars on annual basis you would be paying for rent. Why is it so expensive . It is the building. The surre why is one of most luxurious buildings in new york city. Amenities, heads of state have apartments there. I was looking at other potential rentals in the building. There is two bedroom you can get for 450,000. Yes, this would be a rental record for new york city. Obviously sothebys is looking who the rental agent. Looking for someone international buyer. Doesnt want to put money down to buy something but want to have uber luxurious experience in new york city with a place to call home. There is a spa of course a bar, restaurant, all kinds of good stuff in the surry. Only thing comparable on Upper East Side the pierre hotel. One bedrooms go from 150,000 per month to 250,000 per month. This is not just indicative the of surry not some outrageous story, were seeing in the high, highend of luxury, gerri in new york city. Gerri when people ask me how crazy is new york this is the story im going to start telling. Absolutely. Gerri pretty nuts. Thanks for being with us. Good to see you. You bet, thanks. Gerri coming up the president of mothers against drunk driving to a lawyer who was on the show last night and hopes people dodge dui checkpoints. You want to see that. The white house wraps up a threeday summit on terrorism, bus the Obama Administration have what it takes to fight radical islamic terrorists . The future of the market is never clear. But at t. Rowe price we can help guide your retirement savings. Our experience is one reason 100 of our Retirement Funds beat their 10year lipper averages. So wherever your longterm goals take you we can help you feel confident. Request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. Call us or your advisor. T. Rowe price. Invest with confidence. The real question that needs to be asked is what is it that we can do that is impactful . What the cloud enables is computing to empower cancer researchers. It used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. Whatever i can do to help compute a cure for cancer, thats what id like to do. If you suffer from a dry mouth then youll know how uncomfortable it can be. But did you know that the lack of saliva can also lead to tooth decay and bad breath . Well, there is biotene specially formulated with moisturizers and lubricants. Biotene can provide soothing relief and it helps keep your mouth healthy too. Biotene, for people who suffer from a dry mouth. Gerri welcome back to the willis report. In a moment, the latest as president obama reiterates the idea terrorists do not represent islam, but its time now for a look at other stories in the news. Much of the nation continues to battle record low temperatures and wind chills near or below zero. This cold snap can be felt across the midwest, northeast and even in the south. Forecasters warn even Colder Weather could come later in the week as another cold front comes from canada. Thank you. And companies at the heart of the west coast labor dispute have gone directly to the dockworkers with their latest offer. The offer includes wage and pension increases and the maintenance of low cost health benefits. A federal official says speed doesnt seem to be a factor in the West Virginia train derailment. The federal Railroad Administration says the csx train was going 33 miles an hour at the time of mondays crash and thats well below the 50 mileanhour speed limit. The derailment shot fireballs into the sky as 19 cars carrying oil caught fire. And four Highway Safety groups are asking nhtsa to require tractor trailers and buses to have devices alerting drivers of stopped traffic and automatically stopping the vehicles if the driver doesnt respond. The groups say the systems could prevent more than 2500 crashes a year. Right now only 3 3r of the three 3 percent of the three million tractor trailers on the road have the technology. And those are some of the other stories in the news tonight. And back to politics in washington. President obama is defending his administrations handling of the Terror Threat today at a white house summit, days after a state Department Official suggested creating jobs for wouldbe terrorists. Obama says the world should address grievances terrorists exploit like poverty his words, not mine. Here to weigh in, former Homeland Security official michael balbone. Its always nice to have you here. I want to start with a fox news poll on this issue. Fully 68 say the president should be tougher on extremists. Leading by a big majority there. Do you agree . I think so far the white house has really struggled to find the right tone the right message and, frankly the right strategy moving forward. The jobs comment that bothers me in any way, shape or form to legitimize what isis is doing as a nationstate, thats the wrong move. These guys are animals, they really are. So what this white house needs to understand is its going to take boots on the ground, its going to take an air campaign and an airwave campaign gerri lets get back to jobs for jihadis for a second because i want to show people what the state Department Spokesperson said she says we cannot kill our way out of this war, we need to go after root causes that leads people to join these groups whether its lack of opportunity for jobs. Now, let me ask you this question because if you actually look at the history of a lot of people who have led these movements, these are educated people. They wouldnt lack for a job if they actually wanted to go 9 to 5 every day. Thats not what these people are looking for, is it . Absolutely not. They have a twisted and warped idea of what islam is for them. They represent an incredibly small, extreme segment of that religion, and yet theyre trying to subjugate it and say this is where were going to create this great caliphate. And, unfortunately, because they have the use of the media theyre talking to people who dont have anything else in their lives who take a look at this and say, you know what . Maybe i want to get involved in jihad, and its martyrdom. Youre not going to win that person over by saying by the way, hes a job. [laughter] gerri so it goes to the question of people in poverty, are they necessarily always terrorists burglars, bad people trying to break up the system or trying to rip people off . Thats not true. I know people who dont make a lot of money who arent on the take. Absolutely not. And the way that they do things. These leaders they may have some western education, but they go to the worst of humankind. They go and all the things theyre meant to incite, you know, the burning of the jordanian pilot, the random shootings in paris and denmark of officials and civilians, theyre out to be indiscriminate. When the towers fell, muslims were killed as well. So they dont really care who they hurt from. That stand point, you cant treat these folks with any type of legitimacy. Theyre not a nationstate, theyre a ragtag group gerri yeah but, you know ragtag only goes so far. These people are all over the middle east, all over the middle east. And their numbers are massing. There are more and more people doing this every single day. Before you go i want you to respond to something the president had to say at this big gathering in washington. Listen to this these terrorists are desperate for legitimacy, and all of us have a responsibility to refute the notion that groups like isil somehow represent islam. That is a falsehood that embraces the terrorist narrative. Gerri but dont we have to just be true . I mean, dont we have to be real and say these things are connected . These are islamic terrorists these are islamic terrorists these are the people who are coming after us, theyre not doing it in a nice way theyre beheading people. This is like the middle ages for goodness sakes. Well whenever you go after an adversary whats crucial is to try to you said what motivates to understand what motivates that adversary. And this perverted view of islam is motivating them thats something we should call them on and say we need to come together. And the United States ought to be part of a coalition that goes over there and really takes this to them. We havent done that yet. Gerri we havent done that yet, yeah. The response has been zero. Michael, thank you. Thank you. Gerri and when we come back, yesterday we heard from a lawyer whose video giving advice on avoiding dui checkpoints has gone viral. Today we hear madds side of the story. And next, new regulations on painkillers impacting our nations heroes. Youll want to hear this, veterans often in desperate need. But first heres your consumer gauge with the numbers that mean the most to you. Take a look. When heartburn comes creeping up on you. Fight back with lief so smooth. Its fast. Tums smoothies starts dissolving the instant it touches your tongue. And neutralizes stomach acid at the source. Tum, tum tum tum. Smoothies only from tums. Your moms got your back. Your friends have your back. Your dogs definitely got your back. But whos got your back when you need legal help . We do. Were legalzoom, and over the last 10 years, weve helped millions of people protect their families and run their businesses. We have the right people onhand to answer your questions backed by a trusted network of attorneys. So visit us today for legal help you can count on. Legalzoom. Legal help is here. Ive been called a control freak. I like to think of myself as more of a control. Enthusiast. Mmm, a perfect 177degrees. And thats why this road warrior rents from national. I can bypass the counter and go straight to my car. And i dont have to talk to any humans, unless i want to. And i dont. And national lets me choose any car in the aisle. Control. Its so, whats the word . Sexy. Go national. Go like a pro. Gerri officials are calling it the worst drug addiction epidemic in the countrys history, killing more people than both heroin and crack cocaine. Now the government cracking down on narcotic painkillers tonight but our next guest says these rules could take an unexpected toll on more than half a million veterans currently taking these prescription drugs. Here with details Jesse Jane Duff a retired Gunnery Sergeant for the u. S. Marine corp. S and now a senior fellow at the London Center for policy research. Welcome back to show we always love having you own on. These are people have very serious problems, taking methadone, morphine, on and on it goes. Tell us about rule change. What will happen . Yes. So the dea has essentially, decided that because of the massive abuse of drugs that now patients need to go back every 30 days to get refills. And unfortunately, for many veterans this is not possible. I read in the Washington Post that one veteran had to wait five weeks before the v. A. Could even schedule his appointment. Who wants to lay in bed in pain for five weeks . So essentially, the v. A. Has been overmedicating overprescribing, not regulating their own procedures and causing a lot of these addictive behaviors that have led to overdoses, suicides, family and domestic abuse. And then they turn around now are going to hyperregulate it. So they create the problem, and now theyre going to hyperregulate to resolve the problem. Gerri thats not going to work. Somebody laying in bed for five weeks in pain waiting for drug meds, thats just ridiculous. Yes. Gerri ridiculous. Heres the problem we already know the veteran system is broken, the hospitals are broken, theyre not working, and youre going to tell me i have to go there every 30 days now if im a veteran . Am i going to get care . Exactly. The patient backlog is already a serious problem, so this regulation is not helping the v. A. At all. However, the v. A. Helped increase this problem. So lets look at one thing. In the past 12 years, the abuse of these drugs actually the prescriptions of these drugs has increased by 270 . And it has outpaced actually the dwret t of veterans. Growth of veterans. Gerri wow. Whats going on here . Its Common Knowledge that the v. A. Solution is to overmedicate. One veteran that i read about today had actually done an overdose had 19 different concoctions that the v. A. Had given to him, and it caused him to overdose. Gerri unbelievable. So jessie, what drugs are we talking about . Well you already listed some of them; morphine, oxycodone gerri heavy duty. The high, heavyduty painkillers theyre taking. Weve got a lot of veterans that have been taking these medications that are older n their 50s and 60s and theyve never had a problem with abusing drugs. Heres what the big issue is to resolve this, they need to enforce the veterans choice act that passed by congress and was signed into regulation. Essential hi, its 10 billion that allows a veteran to go get private care. But you know what the v. A. s trying to say . Oh no, veterans love using the v. A. We want to take that 10 billion and shove it back into the v. A. And its now in president obamas 2016 budget. Youve got to be kidding me. The choice act allows these vets who live over 40 miles away from a hospital and have been waiting over 30 days for an appointment to get private care. Do you know why vets respect using it . Because its gone on their Credit Report when they havent been able to pay the v. A. Bills, because its not a credit card. They also haded a lot of bureaucracy that is really 40 miles as a crow flies, but if you were to take the roads it may be 60 miles. So the v. A. Is resisting allowing veterans to even use the very act that Bipartisan Congress passed. So were kind of stuck in a rock and a hard place. Swrer jr. I think whats going on here is the v. A. s protecting its own turf. We saw last week the new v. A. Chief, whos an experienced executive from cincinnati, Procter Gamble literally trying to take down a congressman who was questioning the job they were doing. This isnt an agency thats in safe hands here. Do we need new management again . You know, this is if we can get just the veterans choice act enforced, i think we can take away this monopoly of health care. Because what it boils down to is every veteran is equal a certain amount of money in my mind for the veterans administration. So every one of them who contributes to there is able to justify asking for more money. The v. A. Has the second largest budget next to dod. Second largest. So as long as they have the monopoly on the health care theyre able to siphon more money out of the taxpayers. Meanwhile, you got veterans who are suffering who cant even use a private Health Care Provider that has been authorized by congress. Its unbelievable. Gerri jessie, thank you. Always good to see you. Appreciate your time. Thank you gerri. Gerri and now back to a story we did last night. Florida attorney warren redlick created a controversial flyer he says helps innocent people from being falsely arrested at dui checkpoints which he thinks are unamerican. This flyer complies with the checkpoint guidelines. Thats the whole point. This is to work within what the Supreme Court allowed. Gerri so youre seeing it right there. My next guest says she fears this met could allow method could allow impaired drivers to bypass the law. Joining me now, Colleen Sheehy church. Always good to have you back. Thank you for having me. Gerri so whats your concern with what he is proposing, and once again hes telling people youre going through one of these checkpoints, you dont have to roll down the window you can just cite your First Amendment rights i guess, and roll right on through. Well, the reality is the sobriety checkpoints are deemed legal by the u. S gerri Supreme Court ruled. Supreme court ruled it. And when you go to look at that, we really are supporting the Law Enforcement. And the Law Enforcement is out there literally every day 24 7 protecting our roadways. Gerri so let me ask you, youre talking about the law. What about reality where, you know the metal hits the pedal . Are checkpoints effective in catching all drunk drivers . Absolutely. Right now the cdc has shown that they reduce fatalities by 20 . Gerri all right. I want you to respond to something warren redlick told me last night on this very topic. Listen to this. Its difficult for a drunk person to pull it off. Ive heard people call my method foolproof, and i would say, no, its not foolproof, and its not drunk proof either. Its actually somewhat difficult. Its not very difficult but you have to be patient, silent and follow instructions and those are three things that drunks are not good at. Gerri so he says that a drunk wouldnt be able to use this to put this in the window of his car and just wouldnt have it together enough to do it. Do you believe that . Oh absolutely. Once youre impaired, youre impaired. And following instructions sometimes arent always the best thing to be able to do is. Gerri well, that would seem to argue against the checkpoints being effective. If a drunk person cannot put this in the window of their car then, you know the only people who would do it are people who are not impaired, right . Well ask the question again because i want to make sure that i answer it correctly when youre asking gerri so, i mean the issue i think for a lot of people are why are you stopping me when im not impaired . Theres no reason to stop my car, my vehicle and you say that the checkpoint are effective, and yet warren redlick says, like, you know, a drunk could never got it together, they wouldnt have the presence of mind, the intelligence, the capacity to actually make this argument. Do you agree . Let me say this, if a sobriety checkpoint was available the night that my son died, hed be here with us today. Gerri and we have a picture of him. Thank you. Thank you. Gerri he was 18 years old. He was 18 years old and got into a car with an individual that was drinking using drugs etc. So if a sobriety checkpoint was available that night and on that street, hed be alive right now. Gerri so you have sort of an argument thats hard to refute. Whatever it takes, in your view. Whatever it takes to get people off the road from driving drunk is what we should do. Are there any limits to that . You know, im not a lawyer, so in terms of limits and u. S. Constitution, i couldnt give you that but i can tell you theyre effective, they stop fatalities by 20 . Drunk driving fatalities kill 10,000 people a year and they injure more than 290,000. So if theres a primary way that we could use and its a tool that we can use for a sobriety checkpoint thats been deemed legal by the Supreme Court, why not use it . Gerri this is probably going to be heard in a court of law. Do you want it to go forward . Do you want to see it challenged . Im not a lawyer so i cant say whether it should be challenged or not gerri but do you think it should be . Would you be happy to see this issue resolved . Well obviously, for the good. You know we its drunk driving is a violent crime, so anything that we can do to protect the public, and the fact that the Law Enforcement is on the streets 24 7, and theyre the ones with the boots on the ground were going to support. So i will align myself with what madd believes to be a way to protect the public. Gerri hear what youre saying. I just want to make sure i understand your point of view. One of our own legal experts here today on the network said its almost unreasonable search and seizure because youre forced to stop, theres no reason to think that youre a problem. Maybe its you, the head of madd driving through and you get stopped. Is there something about that that offends your sensibility in any way whatsoever . Not at all. If im not drinking and im driving, theres no such thing as profiling. The limits that the officers put together are predetermined before they even get out and do a checkpoint. So for light traffic they might stop every car, you know . For medium moderate traffic they might stop every fifth car. For heavy traffic they might stop every tenth car. What theyre trying to do is have an up due delay for motorists undue delay for mostists but also to protect, because theyre trained to look for it. Gerri colleen, appreciate the time. Youre welcome. Gerri still to come my two cents more. And americans buying cars at a record pace, and many of them are preowned, sending prices skyrocketing. Is used the way to go . Thats coming up up next. And then one day you tap the bumper of a station wagon. No big deal. Until your Insurance Company jacks up your rates. You freak out. What good is having insurance if you get punished for using it . Hey insurance companies, news flash. Nobodys perfect. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. See Car Insurance in a whole new light. Liberty mutual insurance. The road. It can bring out the worst in people. 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Gerri used car prices are picking up speed hitting a new record high in 2014. Edmunds. Com has up. Ed the numbers and is here to help you has crunched the numbers. Jessica caldwell joins us with details. Jessica, its so good to see you. I was surprised, you did this research, you put it together. Record highs on used cars. Why . Uhhuh. Well, i mean i think theres a bunch of reasons, but i think the biggest reasons are were seeing a lot of nearnew, thats what we call those 12yearold vehicles whether they come off of lease or people have been prodded to trade in their vehicles so they can get a new one. For a long time dealer inventory didnt have a lot of used vehicles, so there was this push for as much inventory as they could have. If you got any of those mailers i know i have in the past, i know youve only owned your car for a year, but come in and trade it in, those are all pushes to improve jeff jeff 17,000 for a new gerri 17,000 for a new car. You say even older cars have seen prices rise even faster. Tell me about that. Yeah. Were seeing a lot of demand because of low gas prices for larger vehicles, trucks and suvs people that may not have bought them in the past. I think thats driving up some of the old vehicle prices and also people that, you know, maybe got turned down for an older vehicle or a loan in the past, theyre back in the market because theyre finding out they can get financed now. Gerri one of the popular programs is certified preowned. Is this part of whats going on . Yeah certified preowned is huge. Its about 25 of the used retail market, and a lot of people are choosing that because youre basically getting a car that doesnt have very many miles on it, you still get a warrantee, and youre not necessarily taking that first hit of depreciation. And for a lot of people thats pretty big. Gerri so can we talk about whether right now because of the dynamics whether its better to buy or lease . Is whats your advice . Uhhuh. Both of them are good because i think that for most people who finance not very many people pay cash nowadays so people are financing, and credit is cheap. Whether youre leasing or financing, youre still generally getting a good interest rate. So i think it really depends on your lifestyle. A lot of people dont want to commit to something, so leasing works. For other people, way want to buy. Gerri im shocked how many people lease cars these days. Its a huge proportion. Weve seen a big rebound. Weve also seen an uptick in the sales of new cars. How are people thinking differently about the auto in their driveway right now . Right. Well a lot of people, you know are leasing like you said about 27 of new car market is leasing, and, you know i think it goes along with how people look at purchasing in general. You have a monthly payment, you know it fits in your budget, and thats what youre going to do. I think less people nowadays save up for a big down payment and decide to either pay for their car in cash or finance for a lower amount of time. I think it goes with how consumers purchasing patterns are. Just setting a monthly budget, this is what i can afford, and this is how im going to buy a car moving forward. Gerri jessica, thank you. Thank you. Gerri and well be right back. Thereby when the moments spontaneous, why pause to take a pill . Or stop to find a bathroom . Cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. 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. 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And with over 300 locations, and 3. 7 million square feet available, theres a place thats right for your business. See if startupny can work for you. Go to startup. Ny. Gov. Gerri hopeing to repair its reputation walmart giving raises to nearly half a million workers and offering what it says are more opportunities for advancement. So when it comes to the nations biggest employer, do you love walmart or do you hate it . We asked the question on gerriwillis. Com. 69 say they love walmart 31 say they hate it. Log on to gerriwillis. Com for our online question every weekday. And finally tonight, it is too close for comfort, thats what i think of the similarities between whats going on in this country right how and back in 2007 with. 2007. The markets are humming along, the economy doing all right, but debt and by that i mean debt to deadbeat borrowers is going through the roof. Four in ten consumer loans went to subprime borrowers last year. So what happens if the economy hits an air pocket, takes a dive on hire Interest Rates or higher gas prices or even a terrorist strike . What if the stars are suddenly not aligned for per perfection . It could be trouble. Thats what i think. But nobody seems to be paying much attention. The federal Stability Oversight Council charged with foreseeing the next financial calamity is silent. And the president s more attuned to his poll numbers than the economic numbers. Watch out, because it wont be washington that will pay the price for the next meltdown, it will be taxpayers. Thats my two cents more. And thats it for tonights willis report. Thanks for joining us. Dont forget to dvr the show if you cant catch us live. Making money with Charles Payne coming up next. Have a great evening. Deirdre im Deirdre Bolton in for Charles Payne, and you are watching making money. Walmarts stock closed down today, and the p cane is raising hourly and the company is raising hourly wages. Well discuss if government should let the free market determine wages as opposed to a federal mandate. Point res the wildly popular scrapbooking site, 500 employees, it may be worth up to 11 billion. Were going to tell you what it indicates about a it tech bubble. And we have four hot stocks to watch. Were going to help you make some money. The dow and the s p 500 closed down, the nasdaq extending gains for seven straight days. Oil trading lower, affecting tentment. For more we go