Lower than expected contributions from some of their newer direct response products. As for the current quarter, guidance was actually cut as well along with the fiscal year for 2015. So this also sent shares down 18 at the closing bell. As for the leak, lets go back and explain what exactly happened here. Earnings were first posted by Financial Data platform called xolairty. They were obtained they say from the Investor Relations website. They say no hack or leak actually occurred. Twitter has come back and said they originally asked the New York Stock Exchange to halt trading once they discovered their quarter one earnings numbers had leaked and published our results as soon as possible. They went on to say we are investigating the source of the leak. But early reaction from analysts is not positive. Rbc Capital Markets mark mahaney an analyst there gave it a negative first passing quote, the revenue miss overwhelm all. This miss is very surprising. Raising question how much visibility and advertising for consumer demand offerings twitter really has. There you have it twitter closing down. Were watching it in of a hours trading. Serious plunge and one wonders looking ahead would the plunge have been so dramatic had the leak not been, not occurred at all gerri. Looking ahead, a weaker forecast moving ahead for twitter. Gerri pretty poor afternoon for twitter, thats for sure. Dick costello who holds 800 thundershower shares has not been good for him as well 800,000 shares. Appreciate it, jo. Breaking at this hour, baltimore remains on edge. The National Guard patrols the streets as the crowd begins gatherings again and citywide curfew begins in hours. Last night riots left businesses looted and burned. At least 20 officers injured. One in critical condition. Those are reminiscent of riots 50 years ago that broke out in the city after the assassination of dr. Martin luther king, jr. Those riots left six people dead, over 1000 businesses looted and millions of dollars worth of damage. The city experienced a population exodus. White flight out into the suburbs. If tensions remain this volatile could the same thing happen all over again . Guy benson, senior Political Editor townhall. Com. Steve moore, distinguished visiting fellow Heritage Foundation and michael baloney, former Homeland Security official. Great panel. Great to have you all here. Steve i will talk with you. People talking about financial disparities the president talking about how people who live in these communities experienced horrific financial problems and i have to say, are the financial problems a result of the violence or is the violence a result of the economic disparity . Maybe a little bit of both but these are areas of the country where there is just so much poverty and so much crime and so much welfare dependence. It is really a tragedy in 21st Century America we have these pockets where you have lawlessness, terrible schools and you know as a republican, i think republicans should to to some of these areas saying look, democrats have ruled cities like baltimore for 50 to 100 years. What have they really done . Same thing in detroit . We dont want our major cities to end up like detroit. When you have liberalism run amok that is how this ends. This is not a happy ending. Gerri were expecting the mayor to comment sometime this hour. She has a press conference scheduled. We will hear from her. She has taken a lot of heat because of the way she handled this thing. Michael, to you, we have 20 officers in trouble, hurt, injured in some way. What is your reaction tonight . Night is going to fall here. I know with have a curfew in place but does that mean people will be safe . What is shocking, some of the official rhetoric that has been out there, there is right of free speech but that is trumped by public safety. What we havent really seen even from the president s comments, you have to draw a line. Folks, wait a minute, the public has to be safe first. Then well talk about what the complaints are, what the riot issues are. That is really not been the focus so far. That is discordant message. It is about getting rule of law reestablished. That is what everybody should do right now. Gerri tell you how far we are from the rule of law even today a day after what happened, massive problems tonight, guy to you i understand the Baltimore Orioles will have their game but it will not be open to the public. This to me is amazing. There will be no fans. Gerri there will be no fans watching the game. Wow. Gerri think about it, this is a city that relies on tourism for about 5 billion every year. Their economy is really the preakness, the inner harbor, you name it. This is the community that realize on good will of americans coming in because they feel safe. What is the impact on that city tonight what has been going on the last 48 hours . It is terrible and heartbreaking and disturbing watching these images. Look, i want to say a lot of this unrest originally traces back to the death of that young man in police custody. I think it is absolutely worth pointing out that his family in that community absolutely deserve answers about what happened there. I think that is legitimate. Just frankly, four white people sitting on television talking about baltimore, i want to acknowledge we might have some blind spots. That being said the way that the city has consumed itself, this violence, the looting, the ransacking, lawlessness, it is completely unacceptable. People from across the spectrum have to make that absolutely |clear without making excuses for that behavior. You know, gerri the thing interesting about modern cities, American Cities are making a huge comeback. Go to nashville, new york city is making a comeback, chicago is making a comeback. The downtown areas are bustling with activity. Baltimore is a good example. You go to harbor place i got to tell you. I understand what youre saying. What im saying but then there is kind of a low income area that isnt feeling the connection between the economic vitality. Gerri we were looking at this very thing today i called the folks at moodys. Because they analyze these cities and their finances. They have some 50 cities all over the country they look at in particular. Right. Gerri because they have high poverty. Believe it or not baltimore does not have low debt ratings. Why . Because they have a handful of institutions, not fortune 500 Companies Institutions like john hopkins that pour a lot into the community. In my view michael, theyre one step away from having real Financial Issues and i dont think the people of this community realize they are hurting the very institution that can save them. Again, the disconnect. This is a city that has been plagued by bad Police Relations over last couple months. In fact last year the Baltimore Sun did a huge expose on police brutality. Knowing you have that problem, the key is to be proactive, reaching out to the community. Saying to the community, reach back so there is dialogue back and forth. The to have that conversation is not in the middle of a riot. Unfortunately what you see folks are reacting. They werent proactive. They need to be. As you said this is unwith key elements of folks staying in place bringing businesses there, safety first. It is first thing that people think of when they wake up in the morning. You have to feel like youre going to be okay. Here is baltimore today. You bring up the fact theyre doing so much better. Their population is 622,000. It is down 36 from 1980. Right. Gerri 36 . Per capita income 22,000. A lot of this was lost in the wake of the riots before. Did we learn our lesson . Guy, to you, the president today seemed to be saying, i was sort of shocked by his comments because he seemed, i didnt hear optimism in his voice. He did not seem upbeat when he was addressing this. I expect him to be the quarterback, the guy saying we can fix this. We can make it better. Im going to lead this this will be the next two years final two years of my administration will be stopping this very kind of thing. Why didnt we hear that. It is hard to be upbeat when youre looking at pictures, live pictures on television. I will say the new attorney general loretta lynch, the statement she put out i thought was strong and sensible but what i heard from the president today, one of the things that he said really bothered me, he tried to turn this into partisan football issue, only republicans in congress could pass my agenda, could work on some of these issues. Excuse me, his agenda, his agenda has been rooted in baltimore politics. Has ruled the day in that city for decades. The idea that more government more spending is what that city needs to, you know, for its salvation is insulting on its face to bring up partisan politics in that context. Guy is exactly right. I read an article, who is the owner of orioles. Peter gerri cant help you there. Had this article, because of free trade that weve lost all the jobs in baltimore which is ridiculous. The issue is very simple. Whats wrong with these communities . There is no fathers. The schools are terrible. There is crime. These are basic problems that could be solved if somebody would step up. Gerri on that score you agree with the president. Who said that, you know that people are impoverished. Parents cant do right by their kids. You guys agree. I agree with that. Just what we do about it, is completely gerri totally different. Were lacking leadership. In ferguson missouri, so the Justice Department goes in and says, no the actions of the officer involved, they are not criminal. Okay, but there has been historic sense of the brutality. Yet there is no mornmonitor comes in from the civil rights department. There is no further involvement of the Justice Department in the system. Were pointing out problem then well walk away . This is really set up all of these things because like a tinderbox. One spark and you will have these types of reactions. Why arent we being proactive as a nation to show that leadership . We need enterprise zones in these areas. We need school choice. We need crime control. Basics gerri i will disagree with you a little bit here. All right. Gerri what i will say is this you dont wait for Economic Opportunity to come to you. You go to Economic Opportunity if you know what youre doing. Ive seen people do this i seen immigrants to this country do this. Thats true. Gerri my family. If it is not coming to you, you have to get up off your keister. That is what people in detroit did. They left. Gerri i want you to hear some sound from last night. Because a councilman had something to say i thought was particularly interesting on this point. Here is councilman from our coverage last night during the wake of the riots. Violence is wrong. That is never acceptable. Understanding that there is a symptom of something that is going on here. What im trying to articulate to you, we look at communities like this in urban america, lack of education, lack of commercial development. Lack of opportunities, social economics of it. It has nothing to do with west baltimore or this particular corner balt more. This could erupt anywhere in socially economically deprived america. Gerri guy what do you say . Is it socially deprived economic america as councilman says . Do we have to go to root causes here . What are the root causes . No i think that is definitely a part of it. He talked about the ability for Community Development or for communities to develop themselves. Goes back to what you were talking about, gerri selfreliance get being a job employment. Those things are much, much harder when there are riots and looting. That is so hard to watch when youre looking at your tv screen. These are communities already struggling. To have business chased away by this sort of lawlessness . It does not make the opportunity to get a job and to reach potential any easier for people who are already struggling and underserved and are born in a tougher situation than a lot of other people. Guy the residents of these areas are the people actually victims. Yes. Gerri one second. One caution caution nair cautionary note. We should avoid to ascribing all violence in baltimore. Were looking at intelligence in law enforcement. There rin city gators. Right. Radicals who have taken this as opportunity to go in there and cause everything to come up. Gerri it was a lost high school students. A lot of young people. A lot of kids. Gerri i will have to go. Thanks for coming on tonight. Thank you for your time. Here is the question tonight, should the Baltimore Mayor do more to protect Small Business . Log on to gerriwillis. Com to vote. I will share the results of tonights show. We have a lot more to company. The latest company jumping on the antibiotic bandwagon. Is turbotax to blame if your identity is stolen and false tax returns are filed. Some say yes. Well tell what you the plaintiffs lawyer says. Send me an email to our website, gerriwillis. Com. Well be right back. You total your brand new car. Nobodys hurt,but there will still be pain. It comes when your Insurance Company says theyll only pay threequarters of what it takes to replace it. What are you supposed to do, drive threequarters of a car . Now if you had Liberty Mutual new car replacement, youd get your whole car back. I guess they dont want you driving around on three wheels. Smart. With Liberty Mutual new car replacement, well replace the full value of your car. See Car Insurance in a whole new light. Liberty mutual insurance. Gerri well maker of Online Software turbotax has been slapped with a lawsuit over identity theft. The suit says intuit failed to take necessary precautions to protect their customers Sensitive Information. Here with more, a lawyer representing the plaintiffs suing intuit. Thanks for coming on to the show tonight richard. It is good to have you here. Weve been reporting on this story quite a bit. We relied even on whistleblowers to tell us about the reaction over at intuit and what has been going on but my question for you tonight shouldnt you also be suing the irs . Dont they have problems that are creating this issue . Well first of all, thanks for having me. My clients one of my clients miss diaz she provided her information, her most Sensitive Information to turbotax and trusted turbotax to take care of that information. And the, issue with the irs and the states, they picked up on the fraud. This is a matter of turbotax allowing the cyber criminals to get access to her information. This is not an issue, at least at this point, of the irs allowing the fraudulent returns to go through. Gerri so it take as community here for somebodys identity to be stolen via tax. In fact irs paid identity thieves 5. 2 billion in fraudulent refunds in 2013. The thinking as i understand it, richard, you can correct me if im not right, fraud artists are essentially hacking into peoples passwords on turbotax and lifts information that they can then use to put into the irs a fake tax return. Now the interesting thing about your case that Christine Diaz has not used turbotax four or five years. How can she have been harmed . How she was harmed the fraudulent, the cyber criminals, filed her returns through turbotax. So, the issue as to whether they took the password from somewhere else and came through turbotax is something we need to find out. What is certainly an equal, as credible theory is that turbotax was hacked and those filings went through not with the password of miss diaz. We dont know that. Turbotax has not been very forthcoming saying what the situation is. Gerri i can tell you what intuit is saying tonight because we told them we were having you on the show. They said we recognize the industrywide problem of tax fraud increased this tax season and our focus is playing our part in fighting it. As to the allegations we plan to defend ourselves vigorously in the appropriate forum. I assume you know, richard, whistleblowers basically maintained intuit has not done enough to protect their own customers. They dont do things like two factor identification with software because they think that will put off users and they dont want to use the service. Is there a better Standard Companies like intuit should be meeting here . Well i take it from a much more general standpoint at this point. The fact is, miss diaz should not provide her most Sensitive Information, her Social Security number her birth date all of that information and have turbotax or intuit allow it to go out. I am not the security expert. But the two whistleblowers are. They clearly werent adequately protecting the data. Gerri richard, thanks for coming on the show tonight. Appreciate your time. Thank you for having me. Gerri we have a fox business alert for you on the nfl the National Football league is giving up its taxexempt status starting with the 2015 fiscal year. No, they dont make any money do they . Roger goodell says all 32 teams pay taxes on income but the league makes 9 billion a year and has been classified a nonprofit curiously enough since 1942. That all comes crashing to an end. Later in the show about obamas pipedream about green energy is costing taxpayers billions. Tyson chicken the latest to get rid of antibiotics, but is this more pr than md . Son food in particular the biggest u. S. Industry producer will stop feeding chickens human antibiotics by 2011. With more on this, the senior officer for Pew Charitable trust antibiotic enhancement trust. Start with the basics. Why do the farmers use antibiotics in the first place . Antibiotics are used for a couple of Different Reasons. One is to treat sick animals what you would expect but that they are also used for preventing disease, controlling disease and growth promotion. There is a lot of Different Reasons antibiotics are being used. Gerri you say dangerous, why . Antibiotic resistance is the big problem. Every time we use antibiotics we can select for antibioticresistant bacteria. That means antibiotics we would need to treat disease wont work anymore. Gerri we have numbers to that effect. 20,000 americans resistant to ant bottomtics. They get bacterial infections they cant beat. That is becoming more and more common. I have to tell you, gail i look what is going on in poultry industry the whole thing is rife with salmonella. The federal government said you should not wash chicken because the salmonella will get on your kitchen and infect things. Seems like we have major problem in the industry. Is there a big fix we need . The fix tyson announced getting rid of antibiotics an their use is one good first step because it means that the bacteria on chicken, well also have some bacteria. That is normal in any animal. But they wont be less likely to be resistant. So then if we do get sick weve got antibiotics that work when we need them. Gerri yeah. The poultry sold in the u. S. , conventional chicken, conventionally raised chicken 92. 5 has antibiotics in it. That gives you a sense what is going on in the marketplace and yet we hear a lot of makers, or a lot of producers pardon me, perdue, chikfila, say they will not do it anymore. Is this a because of american concerns or a fundamental change in the industry . I think its a fundamental change for the poultry industry because theyre recognizing antibiotic resistance is a problem. They have to be part of the solution. That is what theyre seeing as part of the solution and really Going Forward with that. Gerri will pork and beef, is it a big problem in those industries as well . Antibiotics are used similarly in pork and beef as they are in chicken. So yes those those industries, cattle and Pork Industries need to be looking what theyre doing as well. Gerri an interesting conversation. Gail, thanks for bringing us the information. We appreciate it. Thank you for having me. Gerri and coming up next, a look ahead to nights strange inheritance episodes. And the latest headlines including a showdown at the Supreme Court over gay marriage. Stay with us. When cigarette cravings hit, all i can think about is getting relief. Nicorette mini starts to relieve sudden cravings fast. Anytime. Anywhere. I never know when ill need relief. Thats why i choose nicorette mini. Gerri and welcome back to the willis report. In a moment, the impact of fed Interest Rates on your bottom line. Time for a look at other stories in the news. The un says 8 Million People have been affected by the earthquake in nepal. Killing 4,000 people. One and a half million are in need of food. The real challenge is reaching these people in remote areas. Stocks are higher today. Earnings continue to boost investor confidence. This as home prices rose at a faster pace in february. Driven by higher sales and a lower supply of houses. Consumer confidence fell to its lowest level in four months. The Supreme Court vote asking tough questions. The justices hear arguments over the rights of gay people to marriage. Asked an attorney on the other side what harm would be granting samesex couples the right to marry. The decision wants expected until late june. Major trade agreement with Asian Countries during a state visit with the japanese prime minister. He discussed wanting to see more american cars in japan. Both leaders are committed to a partnership agreement. Those are some of the stories in the news tonight. Its a special week of episodes of strange inheritance right here on fox business. Its the trash week. Every night two episodes about valuable hrnts inherit answers that almost end in the trash can. Some people get this close at getting something so valuable. . it almost ended up in the trash. Theres two episodes. Theres hoarders. And theres hoarding like this. I actually pulled this tape for you, gerri. What they found when they went into the house of a hermit. And in this house, they had to find the original will. In order to inherit something an attorney has to find the original copy of the will to make sure its the last will and testament. They went through the house and maybe youll see what it actually looked like. It was a little gerri can we have the sound . Maybe yes . I was absolutely covered with cobwebs and would remind you of a show where you had dracula involved. My house might sometimes be untidy. Are we talking about more than that . Were talking about a hoarders show. The whole place wreaked. I cant give you the details of how disgusting it was. The hermit who lived in that house. Left his fortune a Million Dollar plus to two actors he never met. He named them specifically in the will. . they won that. They almost wouldnt have if they couldnt find the will. The other episode is about an original map of texas which was found in a house. It was in an attic. It had been pulled out as a kid. The heir had played with it. Almost got gravy and cranberry sauce on it. It ended up being worth so much. They paid tremendous Credit Card Debt they accumulated. Should it happen to you and me, im headed out to find more stories. Is there any preview about season two . Some of the stories came from you the viewers. We asked you to write us at strangeinheritance. Com. You followed me at jamie jamiecolbytv. I love what youre doing for our network. Thanks so much. And be sure to watch jamie colby on strange inheritance every weeknight at 9 00 p. M. On the fox business network. And when we come back, is the fed changing its mind about raising rates . If apple is any example, big business is booming. What about the little companies . Why Small Business seems to lag behind the big boys when it comes to getting money they need to survive. First, heres your consumer gauge with the numbers that mean the most to you. Check it out. Gerri just moments ago Baltimore Mayor stephanie rawlingsblake giving her take on the unrest in her city. Heres what she had to say. Last night was a very rough period for our city. But today, i think we saw a lot more of what baltimore is about. We saw people coming together to reclaim our city to clean our city, and to help heal our city. I think this can be our defining our moment, and not the darkest days that we saw yesterday. The mayor came under fire after what are calling a delayed response to yesterdays violence. She didnt call for National Guard for up to three hours after riots broke out. Tonight, of course, a curfew in place starting at 10 00 p. M. And lasting until 5 00 a. M. We, of course will be covering this all night long, as long as it warrants. Moving on now the fed is beginning its twoday meeting today after six and a half years of near zero Interest Rates. Many thought the hikes could come in june. With weak housing and consumer numbers it seems the hike may not come until the fall. What does it mean for your money . Moodys chief economist john lonski. Do you agree with whats becoming conventional wisdom that well wait until september . John i very much do. It may not be until december if the fed moves. Gerri all right. How much will it be when they finally get around to it . A quarter point . John my guess, by the end of this year the federal Fund Rate Target will be no bigger than a percentage of a rate hike. That will be some relief for the small saver that has been punished so severely ever since zero Interest Rate policy first took affect. December 2008. Gerri well, you make a very good point on that. Weve been talking about this on this show for some time. Savers for six and a half years. Theres nothing you can do. Right . Thats right. Unfortunately, you know a lot of these small savers have perhaps felt compelled to move out of safe savings accounts insurance savings accounts, into equities that are not insured. Of course theyre taking on a good deal of price risk, that they dont fully appreciate. Just to get that dividend yield. This tells me that when the fed finally moves youre going to find that the fed will do so at a very gradual manner. We wont have the fed hiking fed funds by a quarter of a percentage point at every meeting. It may be those rate hikes will average one eighth of a percentage point. They may not hike rates at all. Gerri let me get a word in edgewise. I love having on you the show. Youre so animated on everything. Ill point this out. So we can move on. The flip side if youre a borrower, life gets tougher. Big Credit Card Debt. Mortgage debt. Big auto loan. Things will be more difficult. I want you to comment on whats been a strange economic picture. This first quarter, was it all bad weather that created the sluggish manufacturing . Slow growth. Consumers still not pulling out the wallet. What do you make of it . Well yeah. I want to take into account too. We had that big drop in energy prices. Cutbacks by capital spending. Production in the Energy Industry as well as employment. Were beginning to feel the effects of the strong Dollar Exchange rate. Some loss of export orders. Imports now have become more competitive with usbased production. We think the Second Quarter will show a noticeable improvement from the first quarter. For the year, i think well fall short of 3 gdp once again. This will gerri thats depressing, my friend. Where the us economy fails to grow by at least 3 . We have to go back to the 1930s to see that type of performance. Gerri john, good analysis. One word of advice for consumers if youre concerned about rising rates. What do you do right now . John i would say, dont panic. Theres a good chance that when that rate hike approaches, that tenyear treasury yields will spike. That jump will only be temporary. Because the underlying rate of growth in the United States remains modest. I dont think that this us economy is Strong Enough to shoulder a tenyear treasury yield much above 2. 5 . That tells me that the third year mortgage yield wont break sharply above four and a quarter percent any time soon. John thank you. Very good to see you. John same here. Gerri lets talk more about the economy and its impact on Small Businesses. New research from Goldman Sachs is showing small firms are lagging behind big business in growth. Here too weigh in. Todd. President of the national Small Business association. Todd welcome to the show. Good to see you. Thanks for having me. Gerri this is interesting to me. The Goldman Sachs report shows pretty definitively that growth is concentrated with the Big Companies not the small ones. You and i both know that the small ones are the ones that provide employment growth. Whats behind this . Yeah, this is really a historical anomaly. What your previous guest was talking about. We cannot seem to get over the hump of real strong growth. Because of the lack of growth in Small Business. Lots of things are behind it. Big part of it is the regulatory environment. The report from Goldman Sachs puts their finger on a big concern. The lending to Small Business is not there. There are a couple of reasons for that. One big reason, because of deregulatory constraints, there are big fixed costs making a loan. The bank wants to make a bigger loan. They will make it to a bigger company. Gerri lets start with regulations. So we have lots and lots of regulations that come along all the time. If you look at some of the biggest ones, i think we have a full screen on this, about 575 were major rules that were issued at the federal level. And they cost 100 million to implement annually. This is unprecedented is it not . J, yeah the yeah, the regulatory state grows year by year. But the growth and the requirements that any business has to comply with is the highest its ever been. Gerri its not that theres so many. Theyre so onerous. They go to so many parts of the business. Especially obamacare. There are regulations acrosstheboard. I want to talk to you as well about Small Business loans because apparently banks just dont want to lend money to Small Businesses. And the terms are getting worse. Whats going on here . Well part of the reason is also the regulations on the banks. Theres a lot of new regulations last five or six years on the banks. Its expensive for them. Again, as ive said before, they want to concentrate their loans into bigger loans rather than small loans. The other thing that happened which is really important. There are a lot Less Community banks than there used to be. They always loaned disproportionately to little companies. The big reason theyre not true is also because of the regulatory state. All the requirements that banks have to comply with theres a large fixed cost. Gerri i understand the cost for these Small Business loans up 10 . At some point you just cant afford it. Last one before you go do you see any glimmer. I saw the Small Business optimism was down. I was shocked to see it. Is there any reason for optimism for Small Business operators . Well, on average theyre finally growing. Not nearly as strong as we want. The thing were really looking for is an uptick in the rate of startups. Thats the untold story. The lack of startups in the last five years. Unfortunately not as much as we need to see. Gerri todd, thank you for coming on tonight. Good to see you. Still to come, solyndra wasnt the only nightmare. The whole program basically is a bust. And its costing you money as a taxpayer. Details coming up after the break. Approaching medicare eligibility . You may think you can put off checking out your Medicare Options until youre sixtyfive but now is a good time to get the ball rolling. Keep in mind medicare only covers about eighty percent of part b medical costs. The rest is up to you. Thats where aarp Medicare Supplement insurance plans insured by unitedhealthcare Insurance Company come in. Like all standardized Medicare Supplement insurance plans they could help pay some of what medicare doesnt, saving you in outofpocket medical costs. Youve learned that taking informed steps along the way really makes a difference later. Thats what it means to go long™. Call now and request this free [decision guide]. Its full of information on medicare and the range of aarp Medicare Supplement plans to choose from based on your needs and budget. All plans like these let you choose any doctor or hospital that accepts medicare patients and there are no network restrictions. Unitedhealthcare Insurance Company has over thirty Years Experience and the commitment to roll along with you, keeping you on course. So call now and discover how an aarp Medicare Supplement plan could go long™ for you. These are the only Medicare Supplement insurance plans endorsed by aarp an Organization Serving the needs of people 50 and over for generations. Plus, nine out of ten plan members surveyed say they would recommend their plan to a friend. Remember, medicare doesnt cover everything. The rest is up to you. Call now, request your free [decision guide] and start gathering the information you need to help you keep rolling with confidence. Go long™. Gerri while if you remember those green energy loans the Obama Administration paid several years ago, a new report from the Government Accountability office has bad news for taxpayers. Those loans are costing you billions. The assistant director for the center of science at the cato institute. Hes here to explain what went wrong. Chris, i thought this was a good new story. The government said well make a lot of money for this. We lent out some money. But the companies would pay us backhand back hand somely. What happened . They told us we were going to get a positive net inflow. 5 billion to taxpayers. Now we find out 2. 2 billion will be the cost to taxpayers. Yes they promised positive results. Chris they only told half the story back in november when the story broke up. They left off of that how much interest they were paying. So they the new report from the gao came out today and said, wait a second. When you do Balance Sheets you take cost and inflow. When you do that,it, its a net cost like 2. 1 billion to the taxpayer. Gerri do you ascribe that to not very smart about money won or do you think theyre trying to mislead us . I cant imagine the green energy loans are a popular program. Theyre there to support Industries Like wind and solar that end up costing us higher electricity prices. So its costing us money in terms of the loans. And costing us money in terms of what were getting for the loans which is Higher Energy prices. You can see why doe may only be telling half the story. Gerri heres numbers i thought was fascinating. The president spent 30 billion on the project. Five of the programs have already defaulted. So if you have all these programs defaulting, why are you continuing . Right. Theyre inherently risky programs to begin with. So they cant find funding through the traditional sources. They come through the government. And lo and behold they still default. The government is not great at picking winners and losers nor should it be in that business. Gerri i agree. Look at the timing when they got into all this green energy you find that in some cases with the solar panels, for example china was producing and these not making money on it. How did we think we would come in and add value in a segment where the chinese couldnt . Chris i dont think we knew it very well from the doe guys. I mean, the people behind the like solyndra knew the risk probably greater than the people giving out the loans to the doe. The reason that solyndra couldnt get backing was probably for good reason. It was inherently risky and not that great a risk. But this administration is trying to chase down Climate Change. Its trying to lead on Climate Change. So its leading the taxpayer to take risks for greater than the science of Climate Change supports. Gerri couldnt agree with you more chris. Or chip. I apologize. Thank you for coming on the show. Great analysis. Sure gerri. Gerri now we want to hear from you. The Maryland Governor is promising baltimore will not experience riots again tonight. Should the mayor be doing more to protect Small Businesses . Heres what youre tweeting us. Ray the federal government is required to provide all of us protection. Cities need to protect businesses. Rick says ultimately the slow response to a volatile situation hurts the entire community. Keith she, the mayor, should be fired immediately and sued for damages. Keith, youre unforgiving. She should be made to pay for the damages out of her own pocket. Be sure to like fox business on facebook. Heres some emails on 2016. Tom from michigan writes this ill get excited for candidates for president when they start speaking of specific actions for the country and not sound bites. Ill cross off anyone off my list who want discuss anything. Hey, its on my website. That excuse is a political copout. Clark gives his perspective on airline costs. Weve talked a lot about that. Ive been a pilot with a Major Airline for 30 years. After decades of losses for many reasons which employees pay for with loss of pension, were finally making profits. The airlines deserve some cash if you want to fly in a safe new aircraft. We love hearing from you. Send me an email. Gerriwillis. Com. Well be back with our question of the day. Should the Baltimore Mayor be doing more to protect Small Business . Gerri hundreds of volunteers spent much of the day cleaning up the wreckage left by rioters in baltimore. Should the mayor have done more . We asked that question on gerriwillis. Com. 90 of you said yes. 3 said no. Log on to gerriwillis. Com for our online question each weekday. One thing more, i cant stop thinking about baltimore. The city struggling to right itself in the fallout after the rioting. The country needs to hear their voices. But looting is not protesting. And the violence promises to make things worse. What parent decides to bring their kids to see the inner harbor after cops have been assaulted with rocks. What business operator wants to take a chance in baltimore after seeing shops looted . It seems to me the violence is causing the lack of financial opportunities, not the other way around. Thats my 2 cents more. Well cover this story and continue to for some time. 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 is coming up next. Have a great night. We will see you right back here tomorrow. Charles twitter reports its earnings. It wasnt without drama. The results were tweeted out before the close without the companys permission. They had a top line miss and very lackluster guidance. Sent the shares plunging up to 20 . Twitter not the only nasdaq stock struggling after the close. Fifteen long years to get the nasdaq back to a long time high. Struggling to hang on to the gains. We must point out. While were trading at these new highs adjusted for inflation the nasdaq probably has to go another 1500 points to the upside before we break even. It was a tough session for nasdaq. Apple gains faded. A litany of earni