Transcripts For FBC The Willis Report 20150303

It is scary. Scary knowing, i was could have ran into it or something. Also, our users guide to paying for college. Well crack the code on getting more Financial Aid. 2 3 of people receive some sort of Financial Aid. It is 150 billion worth of aid out there. Gerri stuck on a plane. A 50minute flight turns into a ninehour nightmare. So why does the airline get a free pass . Tensions are high. All that and more, coming up on the willis report where consumers are our business. Gerri here we go again. President obama flexing his muscles considering bypassing congress in order to pad the governments pockets by raising taxes through executive action. Here is what White House Press secretary josh earnest had to say about it today. The president has asked his team to examine the array of executive authorities that are available to him to try to make progress on his goals. Im not in a position to talk about those in any detail at this point but the president s very interested in this avenue generally. Very interested. Joining me now to discuss this is National Taxpayer Union President pete sepp. Editorinchief of the national review, rich lowery. Rich, i will start with you. My big question tonight, could the president really do this . Cot president do this . Does he have the power . Well, this is something would be clearly in violation of the spirit of the constitution. Saying we fought the revolution over but extremely worrisome that josh earnest was leafing the door open like that. Because you look on immigration, the president s unilateral actions there, theyre completely ruling them out for a long period of time. The president over and over again saying i didnt have the authority and he went ahead and did it anyway. So what does that tell us theyre saying he is very interested in doing this immediately after it is floated. Gerri pete, to you, have you ever seen anything like this before . Ive seen a few things like this but not to the same degree. We had of course during the Clinton Administration a big controversy over the universal service tax socalled erate to provide more Internet Service and hookups to schools and libraries. That was levied by the fcc without congressional authority. Gerri im talking about the white us, the white house saying, i want to raise taxes here . Ive got the middle class on my list. Im going to take out the 1 . Theyre going to pay this is kind of rhetoric we hear and now it will come directly from the president himself . That has never happened, has it . Yes. See that is a pretty big difference here the treasury and other federal agencies embarked on these things with the tacit white house blessing. This could be a direct assault on taxpayers. Were talking a lot of creativity here. The thing to remember, gerri for every word of statutory language in the tax code there are three words of administrative rulings and guidelines and implementation. That is where they will find the mischief. Gerri exactly right. They end up doing with the agencies bureaucracies, end up writing these rules. Yes. Gerri rich, to you, the executive order seems to be the president s two favorite words in the english language. We seen him come out on many things, immigration among them. How far can he go . What is the limits here . This is preferred method of governing since he lost congress in 2010. Turns out what he is really good at. He hasnt been able to persuade the country on anything and move the needle on Public Policy he doesnt have the taste for going into the halls of congress twisting arms. That is not what he does. Governing on his own turns out to be his strength. Of course every law is written to have a little give in it to actually be administered in the real world but you cant take that make up law on your own and that what is they have done in whole host of areas from obamacare, to immigration. Perhaps now to this. Gerri seems outrageous to me. Of course judge napolitano on our air calling the president a lone wolf. Pete to you the president has tried to get a unabout of tax increases through. Walk some of the ones we see by governorgovernment fit yacht. What are they . Of course senator sanders sent a letter to the president saying there are half a dozen things he could enact through executive order worth 100 billion over a 10year period but there others they might fiddle with. How about the energy taxes ones on oil and gas for dual capacity manufacturers . Make find language to rewrite definition there is, suddenly take those away from oil and gas produce years death tax increase. You mentioned the energy tax hike. A fee on financial companies. Yes. Gerri he talked about that, what he calls middle class tax relief. Never turns out promise is always bigger than reality. To you rich, dont you think there will be uprising . Isnt this how this country got started in . Of course. What i thought there would be uprising over a whole host of other things as well, including immigration. Weve seen Republican Congress just fold on that one. But this would be so blatant, i think it would create a major reaction. But i thought that about the past actions as well. The president s attitude was look i am going to do it, see what you can do to stop me. Because anything you will pass i can just veto. If you shut down the government, i will blame you. Gerri isnt that why we have three branches . We have three branches so they can talk, get together and find common ground, so that policy isnt the idea of one person or one party, but a multiplicity of voices . Of course. The idea of the president would propose something in his budget. Because he cant get it through congress go and do it on his own, whether a court will actually strike that down, that is deeply violative of the spirit of the american constitutional order. Gerri well, i know you guys will be watching this one. Thanks for coming on the show. Pete and riff, thank you. Appreciate tour time. Thank you. Gerri what do you think . Is obama abusing his power with executive orders . Log on to gerriwillis. Com and vote. I will show you the results at the end of tonights show. On to your wallet. Nationwide gas prices are dropping for some time. Prices slowly creeping back up. Now electricity prices hit alltime high setting a new record. Will this continue . Joining me conservation ceo. Good to have you on the show, todd. Thanks for coming in. We all watched gas prices like a hawk, right . We have those numbers every single night in the show. We dont talk about electricity prices but boy, they are on fire. Tell us about it. Well the energy index hit a alltime high on january. At the same time gas index is at fiveyear low. It is interesting on two very different cycles. Really. Utilities apply for electric rates, one year in advance and approvals right now for 2016. A lot are asking for hikes. Anywhere from five to 30 . Gerri this is baked into the pie. Decisions get made fairly early on. What are the dynamics behind this . What is causing this . Utilities have smaller expenses. They have a lot of aging structure for the utilities. So there is a lot of reinvestment that they need. Theyre also applying for some of the hikes and some of the filings, because of storm readiness and preparedness, Hurricane Sandy was just two years ago. Theyre recovering from much of that. Theyre also recovering from the record cold from last year and from the high costs of fuel just one year ago. Seems they were doing last years filings. Asking for increase this is year. Want to show folks a number here. 13. 8 cents. That is cost of a kilowatt of hour of electricity. And that is the highest of the costs of a kilowatt in any month ever. Were at new highs. Didnt mention something, todd in list of things driving prices higher. This is something i worry a great deal b. President s war on coal. Plants are coalfired. Coal generates 40 of the american electricity. Keeps us insulated, from price hikes outside of this country. Now the president basically, raising the standard, raising the stakes on emissions at these plants so high, that it is essentially makes coalfired plants obsolete. Doesnt this play a role . President s plan through epa announced last year had four major components to it. One conversion to cheaper fuel. Or to more cleaner carbon free fuels like natural gas. Two, Energy Efficiency programs, like what we run at am conservation group. Third piece is Renewables Wind and solar. A great piece for your future. Fourth piece is trying to clean up coal plants. Gerri i got to tell you. I think this policy has gone way, way overboard. Predictions now, what is going on with electricity prices we just described. This is beginning what well see. All due to this zealous, overzealous i would say attitudes towards, coalfired plants in this country. Todd, thanks for coming on the show tonight. Great to see you. You bet. Thanks nice to see you too. Still a lot more to come this hour. Including new advice for Fidelity Investments saving for retirement. Day two of userses guide to pay for college. Hope you negotiate the offer. Get more money from the Financial Aid officer . Well show you how. At ally bank no branches equals great rates. Its a fact. Kind of like mute buttons equal danger. That sound good . Not being on this phone call sounds good. Its not muted. Was that you jason . It was geoffrey it was jason. It couldve been brenda. Help brazil reduce its overall reliance on foreign imports with the launch of the countrys largest petrochemical operations. When emerson takes up the challenge its never been done before simply becomes consider it solved. Emerson. The world is filled with air. But for people with copd sometimes breathing air can be difficult. If you have copd, ask your doctor about oncedaily anoro ellipta. It helps people with copd breathe better for a full 24hours. Anoro ellipta is the first fdaapproved product containing two longacting bronchodilators in one inhaler. Anoro is not for asthma. Anoro contains a type of medicine that increases risk of death in people with asthma. It is not known if this risk is increased in copd. Anoro wont replace rescue inhalers for sudden copd symptoms and should not be used more than once a day. Tell your doctor if you have a heart condition, or high blood pressure. Tell your doctor if you have glaucoma, prostate or bladder problems, or problems passing urine as anoro may make these problems worse. Call your doctor right away if you have worsened breathing chest pain, swelling of your mouth or tongue, problems urinating or eye problems including vision changes or eye pain while taking anoro. Nothing can reverse copd. The world is filled with air and anoro is helping people with copd breath air better. Get your first prescription free at anoro. Com. At ally bank no branches equals great rates. Its a fact. Kind of like shopping hungry equals overshopping. Gerri Financial Aid officers dont want to you know. You can negotiate those hefty College Price taxes but there is a catch. Tonight our users guide paying for college, with advice cutting, cutting your college costs. We have the founder and president of campus consultants is here with us now. Welcome back to the show. Youre author of paying for College Without going broke. I want to mention that. Thank you. Gerri start at the beginning. So Financial Aid officers they dont put it out on your website, come on in negotiate, but you can right . Yes. You can do that. You can appeal the aid offer. You want to be prepared and do your homework, want to be prepared to provide additional documenttation to prove your case. Gerri so what proportion of these schools will allow to you have a conversation about this, appeal the aid . Actually most schools will allow to you appeal the aid offer. How many of them will actually grant you better a offer . Sometime, some schools, 50 of the time, the appeals approve. Colleges dont want to necessarily advertise that most schools engage in Financial Aid leveraging. Gerri what is that . That is a practice the colleges figure out how much you are willing to pay before you cry uncle saying we cant go. Trying to get you to pay most amount. You are trying to pay least amount. You need to have poker face and do your homework. Gerri walk through this. Next six weeks, students all over the country get admission offers. Not far behind comes Financial Aid package. That is what mom and dad Pay Attention to. For prices of college through the roof. You say dont do anything unless you get all offers in hand. Right. Because you want to compare them to see how the offers are. Certainly by the beginning of april at most schools you will have those packages. So, that makes sense to bait. It also gerri compare them right . You can compare them, yes generally looking at cost of school. Tuition fees, room and board, books, transportation. Trans looking at when you get offers actions speak louder than words. Moment you get the offer, youre on the phone calling aid office. They know youre desperate to go. Theyre not necessarily going to be giving you more money if you have a poker face. So you want to, be savvy with negotiations. Gerri take a little time. Well try to leverage what we know to be advantage of our situation. Which is fewer kids applying to college. Going to college right now. They want to fill those seats. Now you do say you do call the aid office now. How do i approach that . Okay first thing you want to do call them, when is the procedure . Some schools will have formal, applications forms to fill out, to request an appeal. Gerri okay. Others tell you to write a letter. You want to they first of all . Gerri how do i do that . Call aid office. What is the procedure. Got the aid package, were grateful were accepted but i dont think we will be able to attend. What is the procedure to appeal the package . Dont say negotiate. Dont say bargain. Say appeal or request reconsideration. Gerri requests reconsideration. To them negotiation is dirty word. You know how colleges think, is that what you mean . Knowing how colleges think you need to understand how they have taken your information put on aid form and determine eligibility for assistance. You want to know homework. My book, for example, we go into detail about the formula. You want to get savy about it. So you know how theyre making decisions. What factors they took into account. More importantly know what extra information you can give them to tilt things in your favor. Gerri you say present your case. That is part of it, right . Tell me kinds of things that will force them to give you more money. You make them think twice, give you a better deal. Okay. Change in circumstances, certainly. Might be live in new york, which has a very high cost of living new york city. Because the formulas dont take into account regional differences in cost of living. May be supporting older relative. May be high medical expenses. Other factors could be helpful. Gerri dad losing job. Mom in the hospital. Another kid in the family. Another child going to college that year. Any of these things will cause them to reconsider. Right. Cal what if i to the really great offer from another school . Good you brought it up. I was just going to mention that that you need to be very tactful how you present that. Most schools will not admit that they will meet another schools offer. Gerri but they do, come on. They do that as long as competitor school. In other words certainly if its a much less Selective School doing that. They wont compare merit aid to needbased money, but that is why you want to, again do your homework, to present some other Additional Information so for their statistical purposes they dont have to admit the reason they gave you more money simply because you show a competitors better offer. Gerri great stuff. Parents are eager for this information. Were pleased you brought it to us. Thank you so much. Always a pleasure. Gerri many come up tomorrow, our users guide for college, how to pick schools not only best place for you but the best place for your wallet. If you have questions for yourself or soon to be freshman in your life let us know on facebook and twitter. Email me at gerriwillis. Com on friday. Well have roundtable of experts answering all those questions. Later in the show, well break down israeli Prime Minister Benjamin Netanyahus speech to congress today. Will the white house listen to his new words of warning. Next, look out for you and your money with advice for planning on retirement when youre solo saver. No match. Stay with us. Theres nothing more romantic than a spontaneous moment. So why pause to take a pill . And why stop what youre doing to find a bathroom . With cialis for daily use, you dont have to plan around either. Its the only daily tablet approved to treat erectile dysfunction so you can be Ready Anytime the moment is right. Plus cialis treats the frustrating 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. 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I saw in my notes interesting stuff from you about how people are really incented to save in the work place when they have a Company Matching them. By those company dollars, those corporate dollars. Tell us about that. Yeah. Absolutely. When we looked at savings crisis in america we really tried to think about what has worked, in terms of really helping incent people to save more for retirement. Certainly one of great in this plan has been employer match. It helped people get in the game and understand there is real benefit to saving. So what we were trying to do is think of a way we could take that concept, take whats worked to bring it to the ira. Gerri you have a match program. Youre pretending to something on order of a Company Match program for people who are solo owners of their ira and come to you, to save. So here is some of the program details. I want you to detail what im talking about. Investors with ira accounts worth 10,000 are eligible. That is where you draw the line, right . So, in order to take advantage of this match, people need to transfer an existing ira, traditional roth or rollover ira to fidelity then they qualify for a match. And the way this works is that fidelity provide a match on their future contributions, into that ira, up to 10 for three consecutive years. So the real idea here, is about incenting positive savings behavior. By partnering with our customers, and saying when you contribute to your ira for the next three years, well help give you a boost and help you save even more. Gerri so the match is on the order of one to 10 depending what your balance is, how much money you have in that ira. From what i understand, from our producers, the maximum reward over three years is nearly 2,000, 1950 bucks. Do we have that right . Thats correct. That is the maximum reward that you can get over the threeyear period of the program. Gerri so i took a look at this lauren. I have got to say, i thought this is a great way to spend marketing budget. If you want to continues to rollover at fidelity, there are literal millions and millions of dollars at stake in this marketplace. Im sure fidelity would love all of it. This is one way to do it. Do you have a total nut youre willing to spend for this . Is there ceiling how much fidelity will put up . You know this is really again about putting something out there that encourages people to take action. Unlike in a work place plan, where a lot of automation has been put in place as you know, through default investments and things of that nature, with an ira, people need to take action and they need to do it every year. So if it were able to get people to act that will benefit the customer and gerri my question was this marketing dollars. Let me get to you answer what david boch said to us other need on the show about the program. David bock personal finance expert. It was genius market, unfortunately you have me here talking about this now. Media picked up fidelity running campaign, 10 match. It is not really a 10 match. One of these commercials say where is the beef . When you really look at the real offer here, there is what i would call no beef. And lauren, how would you respond . You know, would i say that every little dollar counts. And the impact of this offer is not only in the absolute dollars that fidelity is matching. It is in the actual contributions that the individuals making continuously and consecutively for three years. If that gets people to take action, then this is a win for the customer and certainly it is a win for fidelity. Gerri certainly a win for fidelity, that earns customers with accounts of 10,000. Maybe 200 bucks . Maybe 3,000, 2,000 depending how much money you have in your account. Lauren, thanks for coming on to explain it to us. Appreciate your time. Great. Thanks for having me. Gerri coming up believe it or not more winter storms wreaking havoc on much of the country. Next, Prime Minister Benjamin Netanyahu issuing a warm thank you to the president who refused to watch his speech. Well have latest from congress after the break. 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 . 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. In new york state, were reinventing how we do business so businesses can reinvent the world. From pharmaceuticals to 3d prototyping, biotech to clean energy. Whether your business is moving, expanding or just getting started. Only new york offers you zero taxes for 10 years with startup ny business incubators that Partner Companies with universities, and Venture Capital funding for high growth industries. See how new york can grow your business and create jobs. Visit ny. Gov business gerri welcome back to the willis report. In a moment, more on Benjamin Netanyahus big speech to congress today. Time now for a look at other stories in the news. The house passing a bill to fully fund the department of homeland security. It doesnt include restrictions on president obamas immigration orders. Funding runs out on friday night after a week long extension. Former cia director David Petraeus pleading guilty according to the justice department, a plea agreement has been found. The nasdaq is pulled back below 5,000. The decline came after the index closed above that milestone for the first time in 15 years. The dow and s p hit new highs. The fda warning about the overuse of testosterone drug taken by men. They are not proven safe for treating drugs are only used to treat low testosterone drugs caused by disease or injury. Those are some of the stories in the news tonight. This story, weve been following all day. Israelis Prime Minister Benjamin Netanyahu made a stirring speech on congress today. Almost all our elected officials were there. At least 50 democrats ignored the speech and didnt show up. The president didnt listen. Netanyahu said not to ignore the terrorist threat from iran. The enemy of your enemy is your enemy. The difference is that isis is armed with butcher knives, captured weapons and youtube. Whereas iran could be armed with nuclear bombs. With us, fox news terrorism analyst wally. Thanks for coming on the show. Im so pleased to have you here tonight. I know you listened to the speech. We all did. It was so stirring. Im wondering tonight what your reaction is. The reaction, gerri is that this is a speech that represented probably not just the opinion of Prime Minister netanyahu but remember, he was invited by this new majority in congress. And if you read the proceedings of the hearings of this majority and even of the previous majority in the house, you will see that these are the same arguments. So this is the reality that we need to understand. Hes not just medaling in us politics. They called him. . but one more point, very important region. He may have representatives also indirectly what many arab moderate countries wanted us to hear but they couldnt say it. Very interesting. I think the most compelling thing he said was that this was an issue that was important to the survival of his country. Not whether its things will work out well but whether israel survives or not. He called this treaty towards a bad idea. The president didnt even listen to the speech. Whats your reaction to that . Well that was a bad idea, actually. Because had the president sent his representatives and had those 50 or so part of congress attended and made their opinions known, it would have been healthier for democracy. This is sending a signal to the world and the region that basically washington is deeply divided. Thats not a good thing to show. We could say we have a disagreement on issues. To show a boycotting of a Prime Minister that is an ally. If he is an ally and comes, we should attend. Leaders should attend. Gerri netanyahu put all this in Historical Context over centuries. In about 24 seconds, he described 36 years of middle east conflict. Listen to this. That year, the zealots drafted a constitution a new one for iran. It directed the revolutionary guards not only to protect irans borders, but also to fulfill the Ideological Mission of jihad. The regimes founder, ayatollah humaney comported his followers to execute it throughout the world. I wonder your response to that. Look i wish this was president obama addressing the American Public. Addressing the middle east and explaining what the iran regime is all about. Im writing a book on this issue. So to have an ally. For an ally coming and explaining to us whats happening in the region. That shouldnt have been the case. Thats the last resort. The Iranian Regime and the Islamic Republic which had a long record maybe 40 years since the beginning of the revolution in attempting to harm the united states. Remember the hostage taking. Penetrate iraq, syria and now in yemen. Somebody must tell the story to the American Public and then judge if the deal makes sense or not. He did a great job of showing how our interests are aligned here. And how iran has directly hurt the united states. Now, is it possible would it make more sense for our policy to be about halting Irans Nuclear capability . Our National Advisor says no. What do you think . I think that should be a top priority. And what was said today in congress is that isis is showing us the low level barbarianism. They will be basically showing us their weapons with longrange weapons and nukes. And keep in mind theyre fueling a lot of terrorist networks in the region, the second to alqaeda and isis is basically hezbollah. And theyre fighting in syria. The map has completely changed from the time when we engaged the iranians in negotiations. The iranians are all over the map. Putting all these demands and coming after us, at the end of the day. Definitely we need a different policy with iraq. Before you go, you talk about the expansion in the middle east, why should we care . Why should america be concerned tonight . Because if iran gets to yemen gets to iran, and beyond and has those longrange missiles and finally get the bomb and have all these International Networks of terrorists, this is the biggest terrorist network well have ever seen. Its a disturbing evolution of events. Thats for sure. Thank you for coming on the show. Thank you for having me. Gerri when we come back, old man winter is not done with us next. Snow will be blanketing the country. A one hour trip into a nearly tenhour nightmare for texas travelers. Well hear from one of those unlucky fellows coming pick up heres the consumer gauge with the numbers that mean the most to you. When it comes to the Worst Customer Service in america, the airlines are high on the list. Its because of incidents like this. A few days ago an American Airlines flight from dallas to oklahoma city, a flight that normally takes 15 minutes took over ten hours. One of the passengers on the plane. Brandon sullivan. What happened. What were you doing . Where were you going . I was traveling back from a business trip in pennsylvania. I was on the last leg of my trip from dallas to oklahoma city. What did they tell you was going on . They kept you on the tarmac for a while. They allowed you to get off. But this was hours and hours. What were they telling you during this time . Well, the pilot was trying to communicate and everything that he could. At one point there were 100 planes on the tarmac. Some trying to get to a gate. There was no place for us to go. Even when we were ready to push off, there was no room to take off. You took some video of the inside of the plane while you were there. Nine hours for a 50 minute flight. Did it strike you that maybe it would have been a better idea to drive . Absolutely. I thought many times about getting out and renting a car. But i didnt really want to forfeit the money for the flight. But it was definitely a thought especially after that eighth and ninth hour. You see people here talking to each other. Some people standing up. Its such a frustrating situation. Im sure you were frustrated. Heres the rule from the government about the delays. The new rule permits an airplane for remaining on a tarmac for three hours without deplaning passengers. Did they manage to skirt this rule a little bit by allowing you guys off for a while and if so why didnt you get off . Well i actually was able to get off five or ten minutes and grab food across the gate. I think they were able to skirt this rule. I think the second time we came back in, we were at the on the tarmac for about two and a half hours. But the first three to four hours we actually spent at the gate. Thats how they were able to circumvent that threehour rule. How frustrated were people on the plane . They were getting very frustrated. Tempers were really getting high. You know, there was a lot of swearing actually. And a lot of visible frustration adults were kicking the back of other seats. It was really something to see. Heres what American Airlines said. Flight 382 from Dallas Fort Worth was delayed because of extreme Winter Weather. The plane was parked at the gate for most of the delay. Customers were free to exit the aircraft. We apologize for the experience. The safety of our passengers and employees is our top priority. You say the pilot was a nice guy and seemed to be communicating to folks. What about the faa . What was going on at that airport that they completely forgot you guys for about nine hours . Yeah the pilot was very good at communicating everything that he had heard. After about that third hour he came on and said they stopped talking to me. Air Traffic Controller told him, well get to you when we get to you. Even the pilot wasnt getting updates. And we were forgotten about. Before you go, do you think they should change these rules and make them tougher . Absolutely. I dont think that, you know, the clarification between gate and tarmac should be any different. We were on the gate for nine hours. 279 thats what theyre supposed to pay for every customer stuck there. Not doing it this time. Brandon, thank you for coming on the show. The Winter Weather keeping the plane on the ground. Its not over yet people. Heavy snow falling in parts of the midwest. Minnesota iowa, wisconsin. The blizzard conditions moving east. Rick is in the Weather Center with the latest on the system with 140 million folks in the crosshairs. Rick. Moving east and south. Different pieces of energy coming out of california causing big problems. Boston weve been talking about it for six weeks now. Were about two to 3 inches below your snowiest season ever. As we go through the next week, im sure well get there. This is a storm. Parts of it across the rockies. Getting more snow. Well see this develop across parts of the deep south. Across parts of the mississippi valley. To the ohio river valley. Again throughout the northeast, winter storm warnings. Kentucky. Across arkansas. Freezing rain. Especially in the Higher Elevations of arkansas, areas pushing up to eight, 9 inches of snow. This is the future radar. What well see. Snow throughout the night tonight moving through new england. Warmer air moves in. Well see a lot of rain on wednesday in new york city. And down across parts here of the southern ohio river valley. Then you see that narrow band there of white. That will be very heavy snow developing. Well see a stripe of some areas that see maybe 8 inches of snow. New york city five or 8 inches of snow by thursday afternoon. More coming. Then behind this, the cold air comes back. Big warm up across areas of the south. Watch what happens on thursday. Little rock, 34. Chicago youre back to 16. Thursday night into friday morning, get ready gerri, well be seeing a lot of temperatures breaking records again for overnight low temperatures. Exactly what you dont want to hear. Nothing but bad news from me right now. Gerri so how many days until spring . March 20th. Were 18 days away. Seventeen days away. It will happen. It will happen. The sun always wins. Rick thank you. You bet. Still to come, my 2 cents more. Next a massive gold highest on a North Carolina highway. How thieves managed to get their hands on 4 Million Dollars worth of gold. The latest after the break. Doug. Youve been staring at that for awhile, huh . Listen, Td Ameritrade has former floor traders to help walk you through that complex trade. So youll be confident enough to do what you want. Ill pull up their number. Blammo. Lets get those guys on the horn. Oooo looks like it is time to upgrade your phone, douglass. For all the confidence you need. Td ameritrade. You got this. Gerri the fbi is joining the manhunt tonight for three armed men who robbed a tractortrailer with a very valuable cargo. Nearly 5 million in gold reportedly golden bars. Maybe like this. It all happened on sunday night on the stretch of i95 just outside of raleigh. Adam shapiro is following the story and is with us now. I want to play the 911 call of this being called in. Listen to this. Voice emergency. Im on i95 at milemarker 114. Theres a couple guys that looks like they have their hands zip tied behind their back. A semitruck. Kind of waved people down to call the police. Gerri so this is an amazing story. Basically a heist of gold. Shout out arthur gave us this gold to show. This is a 1 kilo bar. I want to show i dont know if we can zoom in. Theres a serial number stamp on this as well as whats known as a hallmark. Depending on the kind of bars that these men were able to steal. Which camera should i hold this to so i can get the zoom in. This 1 kilo bar. The most amounts of gold that are sold in this country. Anywhere from 1 ounce to 1 kilo. 100 ounces to 400 ounces. They have these serial numbers on them. They can be traced. The only way you stole Something Like this, you have to melt it down. Now, already throughout the industry of the dealers, the people who sell this kind of stuff remember the smaller bars will have identifying numbers. You can walk into any store off the street. You can walk into any store off the street, and you can sell them. Heres where it gets very tricky. The dealers are being notified if possible what numbers correspond to what was stolen if they were bars. Gerri dont you think these bars have already been melted down . Do you think for one second its happened before. It happened in december. Gerri do you think bars even exist anymore . In december, an actual armored truck vehicle was robbed. They got silver bars. They were able to catch the people when they tried to sell them at a depotstory. Come back tomorrow. If you are trading in this material, you dont report the purchase and sale of gold unless someone pays for the gold in cash. If you pay in cash over 10,000. That sets off alarm bells. All kinds of things that could happen. The only thing to identify them are the serial numbers. Do we have to give this back . Its like a hershey bar. No well give it back. Well be back with my 2 cents more. And the answer to my question of the day. Is obama abusing his power with executive orders . Stay with us. Gerri now, we want to hear from you. President obama is threatening to issue yet more executive orders. This time raising your taxes. Is he abusing your power . Heres what youre tweeting me. Mike writes this hes been abusing his power since he took office. Steve absolute power corrupts absolutely. On facebook, timothy yes, he is why we do need a congress especially it happens to be the opposite party. He wont use them at all. David says with a president like obama who needs congress. In addition to following me on twitter and facebook, be sure to like fox business on facebook. Heres some of your emails on president obamas track record. If obama doesnt know what hes doing, were in trouble. If obama does know what hes doing were in really big trouble. Steven president obamas domestic economic policies are absolutely having a negative impact on the american middle class. His policies are serving to disincentivize work or wage earning while incentivizing nonparticipation by rewarding it. I think you got that right. Send me an email. Gerriwillis. Com. Take a look at this. 93 of you said yes, president obama abusing his power. Be sure to log on to gerriwillis. Com for our online question every weekday. Heres our kicker story tonight. Canada taking their tribute to Leonard Nimoy thanks to a Twitter Campaign theyre changing the face of canadian currency putting spock sideburns over the former Prime Minister. Take a look at that. On the 5dollar bill. The lowest denomination of currency. Hes from boston and not canada. As you know, he died at the age of 83 last week. Those canadian bills are something else. All kinds of pretty colors. Coming up tomorrow, our users guide to paying for college. Advice on comparing schools. How to pick not only the best place for you but also the best place for your wallet. Tune in for that. Thats it for tonights willis report. Dont forget to dvr the show if you cant catch us live. Makingmaking money with Charles Payne is coming up next. Have a great night. Well see you back here tomorrow. Charles im Charles Payne, and youre watching making money. The stock of the day best buy. Posted great earnings. Beat the street by 14 cents. Issued a special dividend. Fiftyone cents. Raised their quarterly dividends. And they commenced on a buyback. None of these are why best buy is the stock of the day. December of 2012, best buy was absolutely crashing. It was plunging. Back to the old decade lows. Everyone wrote it off. The business molding was obsolete. But management made changes. These days many are writing off america for many reasons, but all agree, our best days are behind us. I can tell you one thing, america isnt an Electronics Supply chain