It. Due to high demand you may experience longer than usual wait times. Please call back on wednesday or thursday. Also on the show, it is the new breed of crime internet extortion. Regular folks forced to pay ransom or else. One familys terrifying story and why they ended up paying the bad guys. Prices for new cars are going up. What you can expect. What you should be paying and how to get the best deal before you drive away. It is all coming up on the willis report where consumers are our business. We begin tonight with stocks tanking on wall street. The dow posting a tripledigit loss of 331 points, dragged down by plummeting oil prices which dipped below 50 a barrel for the First Time Since 2009. With a rough start to the new year should investors be changing their strategies . We have uptotheminute advice with markham rick, Washington Bureau chief for bank rate. Com. Anthony who is a consultant with providence financial and sam stovall, u. S. Equity capital iq. Sam, start with you.
There is a big catch you need to know about. Can you hear me now . Gerri the best and worse companies in america. Who is top with consumers and who doesnt deserve your money. All that and more coming up on the willis report, where consumers are our business. We begin with a staggering 22 billion bombshell hidden in Barack Obamas 2016 budget. That is short fall created by the president s student loan forgiveness program. Called pay as you earn. I guess nobody is earning. Obama forced program on taxpayers, using executive action of the 22 dow billion price tag is 22 billion is tip of iceberg of another huge taxpayer bailout. Steve moore, chief economist from the Heritage Foundation and Fox News Contributor and john fund, National Affairs columnist for national review. Great to have you here. Steve, i will start with you. This 22 billion is size roughly of nasa budget or add up budget of interior plus epa. Is this any way to solve this 1. 2 trillion Student Loan Debt crisis . You know, i
Another day. The detective wrote back quote, yeah, but you shouldnt have had sex with me after i was knocked out. Mcdonald then texted that he did nothing wrong. He has not been charged in the case. The tide was unusually high across the bay area today and that was a very big concern for residents of a peninsula Mobile Home Park that is still waterlogged after heavy rain earlier this month. Thats right. Abc 7 News Reporter Sergio Quintana is live in belmont with a look at whats happening there. Reporter belmont mobile home residents were able to get back into their homes in the last few days but they have not been able to get there using this main entrance because as you can see, there is a series of cubes that have been set up. This is the temporary drainage system to help address one of the problems as to why the mobile home flooded. Cal trans crews and San Mateo County crews are still trying to address some of the other problems associated. The drainpipe leads back to this contrapti
And im raj mathai, and the fbi is looking into the case, because they believe that the killing was because they were muslim. And jeanne the emotion is felt ak across the country. One of the sisters is a resident here at the San Francisco General Hospital. The friends and colleagues dont know the victims, but they are saddened and frightened by the violence. Reporter hundreds of people from many faiths pray at San Francisco General Hospital for a friend and colleague. I am calling you to let you know some of suzannes Family Members have been shot. Reporter she learned that her friend suzannes brother and sister and his wife have been shot and killed. I thought that her family in syria facing the brutal effects of the war. Reporter she was wrong, because it was a man in North Carolina who shot and killed her brother, 24yearold deah and his wife yusor and his wife razan. It was related to a conflict over a parking space, but the family says they were targeted because they were muslim. We
Will keep shortterm rate, the fed fund rate, low, well past the point, the Unemployment Rate hits 6. 5 but quote, participants agreed that with the Unemployment Rate approaching 6. 5 , it would soon be appropriate for the committee to change its forward guidance. The Unemployment Rate fell to 6. 6 in january as you recall. The minutes say, also, quote, a few participants raised the possibility that it might be appropriate to increase the federal fund rate relatively soon. Sounds like the hawks at work there. The minutes show fed members watching the weather, emerging markets, and the debt problems in puerto rico but not overly worried about them at the end of january. Ad cam, back to you. Adam peter, you bring up puerto rico. Well get the bond offering from them in march. Go back to the federal fund rate. Usual suspects look at we may start raising that and is this something we should Pay Attention to, because just a couple weeks ago we had them saying no, we are not talking about Inte