Gerri foxbusiness. Com billion dollar merger of American Airlines said u. S. Air raids grounded for the time being for a top regulators say it is a no go for the bottom line. Florida republican attorneygeneral sat down with me today. She is one of six attorneygeneral to say it could translate into higher cost per cohousing with my first and foremost, obligation as attorneygeneral is to protect our consumers. With the increased flight of ticket prices are bag chairs or many other half hidden cost to affect floridians are tourist with interstate that is my obligation as attorney general in the state of florida. With american aid u. S. Airways mergers say previous mergers have made it much more reliable. The income stream is much better. We have more flights and we will get it over a billion dollars of savings but keep in mind americanism vagrancies of a dozen have been then that company could doratis business entirely. What do you say . Piddock American Airlines ian u. S. Airlines apple said they can stand alone. They are in bankruptcy and that they would restructure to stand alone and in fact, they have demonstrated billions of dollars of revenue this past quarter by standing alone. The merger however could potentially, it affects over 1,000 routes throughout our country but florida is involved because 20 percent over 20 percent effective floridians. When you really break down the route that is dominated by the new the fis on created seven nonstop routes will be monopolized we have national, reagans national, charlotte, miami, Reagan National and the list goes on and on and a lot of it includes miami. If this merger goes through it would affect possibly 69 percent of the slots that ray given that is a lot. Gerri people say maybe this would be dropped if they would negotiate away some of those slots but what would happen . So with those mergers going back through 2008 united continental, what happened . Fares have only gone up 8 but baggage fees are three times higher than what they were. Cancellation fees are through the roof. Look at that track record in the mergers and refined is consumers and business people, people going there for a vacation vacation are paying more and more. And also affect frequentflier advantage points as well as change fees if you need to change your flight and in florida we are a business friendly states and they tend to buy tickets at the last minute so that could be affected potentially. And i am telling you right now it is a great place to me we went to keep the fares lowes of people come to our gorgeous state. Gerri frequent fliers being added disadvantage the company said no. What do you see about the frequent Flier Program . It potentially could be adversely affected a and that is our next step to be in front of us district judge and we will go from there. Gerri that is the next point of contact but i know if you can answer this but we have had 1 billion mergers come actually 190 Airline Mergers over decades. There has nothing but consolidation going back over a long period of time. At some point dont you think this begins to impact what we pay for air fare . That is what this is about. One of the reasons this lawsuit has ben filed we have to have Competition Among airlines a we have to protect consumers. United continental merger the prices went up 57 . It could be your future. Thank you for coming on. Great to see you. You to. Gerri what do you think . Is the Airline Merger happens to expect prices to rise . We will show you the results at the end of the show. We look forward to the merger now look at the blackout 10 years ago today a massive black out crippled most of the nation. 50 Million People lost power in commuters across the northeast stopped in their tracks making it the worst electrical failure in north americas history. To date the grid is still vulnerable facing threats. Here to discuss where we stand is the ipo c0 of ipo holdings. Looking at pictures of we were doing when this happened today, are we still at risk . Absolutely. We have done a lot of things to minimize some of the risk but as we worked in one area to minimize risk, we see it accelerating in other areas. One of the things that you have to add to your thought process is the American Society of the d rating not very good. Gerri that is not very good. What is needed here . What should we be doing otherwise . The fact is the reason my expenses are going up is most of the equipment on the grid especially in areas where the performance of the grid is that it is very old. All lots of it was installed about the time i graduated from college. Of course, you expect to see maintenance go up it is out updated it needs to be replaced. Gerri there also additional threats. Are we wellpositioned for those . After 2003 we realized we needed to control and monitor the system much more diligently because a lot of the things that caused it to propagate went unnoticed until it was too late so it was spent on computer control equipment but that opens the door to cyberattacks and of course, i know we just had one here in the United States today on the news network or Something Like that but the grid is truly an area where we have to put more dollars and more security measures to keep ahead. Gerri this sounds like we are not ready for that kind of threat. If you stay ahead you never know if you are ready and tell what happens we have had some attacks on the grid on a spot basis even on the physical side people will physically damage the system of intentionally and of course, the robustness of the system is that if you damage to right equipment we will have problems. Gerri in looking at what happened it was a tree touching a power line in ohio with a cascade through eight states could something that simple happen again or are we passed that . Since that Time Congress and the Regulatory Commission has put rules in place not dissimilar to what they have with the airlines for Safety Standards in reliability standards. We are out there like all the other transmission orders trimming and cutting trees and of course, i tell people in my job youre not very popular when you cut the tree down but that caused about 8 billion worth of economic damage with 50 million customers out of service. I know that hold the bay very well. You look great for graduating in the 70s. Thank you for the year. Thank you very much. [laughter] gerri answer to the question how do you do that . How to protect yourself from hackers and waste fraud and abuse charges as new reports show the group is in a lot of data. We will explain. When we made our commitment to the gulflf, bp had two big goa help the gulf recover and learn from what happened so we could be a better, safer energy company. Help the gulf i can tell you safety is atn the heart of everything we do. D weve added cuttingedge technology, help the gulf i can tell you safety is atn like a new deepwater well cap. D and a stateofthert monitoring center, whe experts watch over all drilling activity twentyfourseven. And were s sharing what weve learned, so we can all produce energy more safely. Our commitment has never been stronger. Gerri the Clinton Foundation operation under fire with criticism despite bringing in large amounts of donations it has been running multibilliondollar deficits according to the New York Times. With more on this we have the editor of the national review. I could not help myself the New York Times criticizing the clintons saying they bring all this money in the front door but losses over and over. Five 01 c3 they get the taxpayer exemption, there is something about this is not right. Lois lerner must have signed off on this one but they lost 40 million . Id 8 billion last year and they are raking it in handover flat and they say it all goes to grants and programming but were having trouble with the operating expenses but it is run by a lot of people who are not necessarily organization all geniuses and a major hand of the foundation tried to run hillarys Health Care Foundation he is brilliant but not good at running things so it is a very clintonia effort. Good work also celebrity hobnobbing, politics, and influence peddling so it is a mass. Gerri so there is a Water Program in africa and they apply for pharmaceuticals in bulks up so there is good stuff and then funding campaigns so how did you bring those together under the same umbrella to get Taxpayer Protection . Here is what got me going. One of the celebrities benefited was Natalie Portman and flew with her prized pet yorkie dog. You have something against yorkies . [laughter] so often you can write a 5,000 one dash 5,000 word but it is very long that was one little detail. [laughter] it focuses on clintons surrogate son that started a consultancy that had the spinoff of the foundation but he is really benefiting in making the defense benefits he urges people to give to the foundation that our clients than the anecdote about a cocacolas ceo being on the platform with bill clinton talking about his good works in africa and if you are a ceo that type of exposure canoe could be a the husband of a future president is priceless and ordinarily cannot be bought. Gerri is there anything illegal or does it just smells bad . It just smells bad bet i of the big New York Times critic but sometimes they really nailing into big pieces and they have in this case. It is just the beginning because hillarys operation is moving into the foundations of we will see more scrutiny over time. Gerri did i mention that Natalie Portman flew . I have nothing against her. What about flying coach . [laughter] gerri good job. One day after carl icahn tweets about the company the apple stock is soaring and Baby Monitors arrived cams, hackers are getting in how to protect yourself and your family. Stay with us. Weekdays are for rising to the challenge. Business. Theyre the df when possibilities become reality. With centurylink as your trusted partner, our visionary Cloud Infrastructure with Custom Communications solutions and responsive, dedicated support, we constantly evolve to meet your needs. Every day of the week. Centurylink® your link to whats next. Gerri criminals find new ways to break into your home how a hacker access to a childs bedroom. Gerri this next story is downright creepy. A couple in Houston Texas blast terrified after hearing a strange man cursing from there to yearold daughters bedroom. When they ran in to see who had broken and it was coming from her baby monitor. That after had taken over began shouting at the parents calling the child by name for our next guest says everyday devices could wind up with the same fate joining me now is john, welcome back. This is so crazy and upsetting. When he said we will not repeat but it is gross. Why would he do this . But the video feed coming from within the house they do it because they can and it is a challenge they love the thrill of control and because their plane sec played 67 anybody could hack into a baby monitor . It is probably a cliche to say it is taking candy from of baby food not have taken steps to protect that device is as easy as hacking anything else. Gerri what you would consider a personal device could be packed into with heart monitors, in plants these are all connected to the web so youre always at risk of somebody have been in. It is disturbing if it is digital is taxable. We have seen blood palms sabotaging even break supplied inside a car that is moving by someone remotely and in many cases the victims never know how this is happening. Gerri is this for fun or do they get somebody sending out of it . There is a tv show with the president is targeted. How far off are we . All lots of times it is a joy ride but there are more and more cases where they try to get data whether were your child is in the house was what they do with self loans and gps and photos that show where in the house the kid is cover the use disinformation for horrible things. Gerri how do i protect myself that the next voice is not a jerk trying to scare the heck out of me . It is the same thing to protect your other devices. Number one by the high quality defies common digital not analog. Then update the software immediately and change default passwords do not share across multiple devices. Gerri i am so disturbed by this story but the info you have tips to help us out. We really appreciated. Thank you. Goal is a pleasure coming up next we talk about apple is the stock a buy . In the post Office Revamps programs as part of efforts to raise revenue but all for naught to . We have a live report. Stay with us. This man iabout to be the millionth customer. Would you mind if i go ahead of you . Instead we had someone go ahead of him and win fiy thousand dollars. Congratulations you are our one millionth customer. Nobody likes to miss out. Thats why ally treats all their customers the same. Whether youre the first or the millionth. If your bank doesnt think youre special anymore, you need an ally. Ally bank. Your money needs an ally. Ive got a nice long life ahead. Big plans. 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Axiron can restore t levels to normal in about 2 weeks in most men. Axiron is not for use in women or anyone yoger than 18 or men with prostate or breast cancer. Women, especially thoswho are or who may bome pregnant and children should avoid contact where axiron is applied as uneected signs of puberty in children or changesn body hair or increased acne in women may occur. Report these symptoms to your doctor. Tell your doctor about all medical conditions and meditions. Serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet or body swelling; enlarg or painful breasts; problems breathing while sleeping; and blood clots in the ls. Common side effects include skin redness o irritation where applied, increasered blood cell count, headache, diarrhea, vomiting, and increase in psa. Ask ur doctor about e only underarm low t treatment, axiron. Gerri you might be wondering why apple stock was showing improvement. Passing the 500 mark for the First Time Since j. Gary. But they have no new products. The real reason a single tweet that carl icon announced on twitter 1. 5 billion price according to the wall street journal does that mean apple will provide for your portfolio . Chief Investment Officer of cumberland advisers. Welcome back to the show. We currently have a large position in apple we believe them to be extremely undervalued and i spoke to tim cook today. More to come. To we have to go to twitter for market moving news now . Look where things have revolved. But investors need to be careful. Apple is so large wait with the etf especially the tech sector but also broadbased. The market went down 80 think it created a deception in the market along with the major indices we are in a cash position with the highest castes position in five years we think the market is afraid and that is the story. Curl i cant carl icahn cant we told you once. Gerri but now i want to talk to you about the index you think it is not a by . I am not sure i would not put my own money into apple would not put a klansman be there ious etf so i would favor that that has a heavier weight to if i thought it would workout for the better but i am not so sure. You are concerned about to bring and how the market will take the news. We have a lot of news hitting the wires in september the federal reserve, congress what to do with the nations debt. We have two problems. We dont know what the policy is. Taper tomorrow, timber, a the end of the year, how much common going on and on. The policy is not clear that we have the new fed chairman summers, and maybe somebody else obama mentioned it to other candidates but did not say who they were. We dont know who will make the policy which is a double uncertainty. We are developing a risk premium in the Market Pricing of stocks and debt instruments. Because of that, what is the policy . Who will make the policy . We dont know. Gerri how big of a selloff can we see . I have ratcheted up cash in four rounds, lover the allocations and raised cash bonds with taxfree available now above 5 in many jurisdictions that is nearly a nine or 10 taxable tax bracket. Ield with the that is a big bargain competing against the stock market. Gerri not california . You are right on that. [laughter] gerri interesting. I appreciate your time with the interesting analysis on apple. Thank you. Looking at stories on fox business and. Com for Growth Stocks take a dive as earnings are reported for macys after a strong july august will shape up to be a lackluster month after hitting alltime highs. J. P. Morgan chase employees have been charged trying to hide the 6 billion trading loss last year charged with wire fraud and to falsify findings. The pilot and the copilot of a ups cargo plane