Friend. Pretty somber faces around that table this afternoon. Do you think the president is ready to eat that humble pie . Is ready to compromise . If you look back at 2010 the president did almost exactly what heeis doing today and t didnt get us anywhere. Now i think reality must be setting into the president. Now he is running for his leggcy what will he be obamacare and massive amoont of debt weve taken on . He has the ability to turn over a new leaf. Xl pipeline, medical device tack and trade, build onnthat. Gerri were looking at pictures of that meeting. We were just seconds ago. Everybody looks so serious. Do you believe the president will really come to the table . A lot of his statements i have to tell you, they dont appear to be that conciliatory . No, if you look at his press conference from the the other day he made it very clear he will not change focus. For example on immigration. He said he will use his pen and his phone. Hasnt been on that, all sorts of topics. The Obama Administration is aggression sy in terms of with Republican Senate the likelihood is even higher. Couple things like trade policy or opportunity for cooperation but the most action from obama is going to be an executive orders. Gerri thats a big fear. Well get to that in a second. I to bring in bob. The president crowing about thh jobs numbers. Strongest jobs growth since the 1990s. 5. 8 unemployment race. We added fewer jobs than consensus expectations. How do you rate the jobs report . That was solid but not impressive jobs report. Average hourly earnings, theyre not going up. That means youre not fetting higher tier jobs. The problem there is a lot of lower tier jobs. Were creating jobs, thats for sure. Unemployment rate is goinggdown. Labor force Participation Rate stablized that is good news. Wook week was longer. A lot of good news in the report but were not generating jobs we need in order to ove people up up in the world. Gerri i respect what you do but i have to respectfully disagree with you. In that jobs report. Number of longterm unemployed little changed. Participation rate unchanged. We saw some things in this that really didnt move the ball forward. Brad, to you as you look at these numbers, people are frustrated. Maybe the right numbers to look3 at are not the jobssnumbers but the election numbers which are more telling about the state of americans, how they feel about their economy and their own prospects. Thats right. The most telling pool i think that were on peoples minds tuesday, are we on the right track. This ses pessimism is rife around america. Is not regional, but national. Theyre workiig under their level, below former salaries. People not having fulltime positions in the type of work they had seen six years ago. So this jobs report, is not anything to crow about. We could be doing much better. Here is the opportunity that comes in january. We could start a whole new atmosphere of confidence and president but puts down the pen an phone and works with gerri rolls up sure sleeves and does homework. Couldnt agree with you more. Here is the key stat, gerri. 95 of Income Growth in america accrued to top 1 of the country. There is more income equality. Why is that . Lax Monetary Policy led to asset bubble. Benefited gerri this big stock gain weve seen. Bob who benefited from that. I said this for a long time. We have this democrat president. Had republican Monetary Policy. If youre upside down in the mortgage you cant get those low Mortgage Rates you know. If you have got a job, well a different world for you. The problem is neither one of these parties recognize the reason this is happening is because workers overseas are paid so much less than American Workers. You need a ttade policy that will force tore rincon miss to compete fairly. And that is really bottom line. Gerri i have to tell you, republicans are talking about trade but i want to move on to immigration for a second. Bob, he brought up the idea of executive action and president taaked just about that. The presideets talked just about that issue and i want to ask you, wwen it comes to immigration, what will be the reaction, bob, to you, if the president does some kind of executive action on immigration . Brad, to you. To me . 3 what should ap. Tion, here is American People are sick of omnibus bills like ealth care. 3,000 page bills nobody read or understand. Mitch mcconnell with the new senatt has to farm this immigration bill out in increments. On security, on taxes. Tt the relevant committees to each come up with an incremental bill. If the president picks up pen and phone, jam him with bills and change his name to veto. He will have to veto a lot of leeislation. The American People will seee3 then where the gridlock is. Gerri bob, i want to ask you this. If the president were to go after some kind of executive action, opening up immigration, what would that do to the jobs market . Weve been talking about how the to be, right . What would be impact on American Workers . You know, weve had selective immigration through some visaa3 rules that have allowed hightech Foreign Workers to come in. Gerri maybe talking about something far broader. You start letting a lot more people in with a border, get a the labor market ith more flood people who will be taking jobs and willing to work more aggressively than americans. They could drive wages even lower. Gerri you onetwo punch of that, in a jobs market that is already suffering could be highly negative. Yeah. There has been debate actually among republicans whether or not to move forward an immigration bill and how exactly to do it. One of the reasons why just what youve described. Some people are very concerned about pressure on wages from lowskilled workers coming into the country. Others have argued that actually immigration will lead to job growth because there will be more people working in the economy. But the most of the evidence is on the former than the latter. Gerri one of the big things im curious about, bradd i will turn to you first, the republicans are talking about obamacare and maybe trying to get rid of it entirely. I thought that was impossibility . It is an i am bossability. You have to govern with the hand that youre dealt and not wish you had a better hand. As uch as we wish obama wasnt the president , he is president for another two years. If you jam him with a bill to repeal obamacare, do you think he will say yeah, i made a terrible mistake. Gerri i wws shocked to hear that. What do you say . The pat problem republican politicians know there are people in the base really demanding repeal vote. Republican politicians feel they need to accede to that. More realistic approach there is republican voters. R that among an example why they wont get their heads together. They will bang their heads together. This is aggressive way to start it. Boehner is not trying to cut a deal. He is egg trying to be aggressive. This is not a good start. Gerri there is as Much Negative attitude on the president s part as far as boehners. I dont think either side, they looked like they were forced to sit together at that lunch. Nobody looked happy. Brad, ovik, bob, thanks for coming on the show. Gerri we want to know what you think. Here is our question tonight. Can you trust the governmentss3 jobs numbers . Log on to gerriwillis. Com. Vote on the righthand side of the screen. Iiwill show results at the end of tonights show. We have headlines on obamacare, the president s signature law making its way back to the supreme court. Justice will decide whether subsidiee are legal, this after a federal Appeals Court upheld the irs rules allowing tax crediis under obamacare in all 50 states. Now opponents say the subsidies should only be alloweddin states with exchanges. This would be the second time obamacare makes an appearance at the high court. The law back in 2012. He heart of meanwhile, Health Officials fixing one of the biggest complaints about healthcare. Gov or at least one of them. Starting for next weeks open enrollment. Ssarting this weekend consumers can window shop and look at 2215 premiums and plans before they deciie what to buy. E have more to come including your voice. Your voice is important to us. Duringgthe show we want to you faaebook me or tweet me gerriwillisfbn. Or send me an email at gerriwillis. Com. At the bottom of the hour i will read your tweets and emails. A shocking information about a coverup at takata years before the massive airbag recall. Look what they were hiding. You will be shocked after the break. Rar vo i arch. Because, fore, the cenof t sear. More. Is almost asxcing the rillf the nd. Ounc at scottde she ur passion. Ths w we built scottrade elitfrom t gd up inincludina propriary momentum indicatator ateseangectors and inries even easier. Usat sttrade, ouion iswer yours. Tonight over embattled japanese parts supplierrover the deadly exploding airbags weve been telling you about for weeks. Reports shhw takata, that is the company, destroyed evidence from secret tests showing deadly dangers 10 years ago, a decade ago. Were bringing you very latest with larry webster, editorinchief for road track magazine. Youre familiar with that. Larry, welcome to the show. Thann you. Gerri i almost could not get my arms around the story when i first heard it, 10 years ago this company had secret tests an iinores the findings. Yeah, i mean it is upsetting on the face of it. 10 years ago they had some engineers go to scrap yards, get airbags that had been in the field and sttrted running tests on them. They found not all of them worked properly. They did a lot of this testing on weekends, afterhours,kind in secret way. Then at some point ordered everybody to destroy the evidence and move on. If all the allegations turn out to be true. Terrible. Gerri show the folks timeline. Summer of 2004, these engineers carry out secret tests. Find alarming results. Three months later executives order these tests, this testing to be destroyed. Men in four, that same year, in alabama, the first ruuture of a takata airbag, that is occurs. Then nnvember 2008, the first recall. So 10 years ago, they know theres a problem. As we know this is super serious problem. In fact, when one of the death was investigated in this originally, Police Officials thought that somebody had been stabbed. That is how serious this is. Describe for our viewers, if you will, what happens with these airbags, when they deploy in the wrong way. Weel, you know airbags are, they can be very helpful device, they can be very harmful. Theyre very powerful. You have to remember in an accident, talkinggwell under less than a second they have to inflate a bag that is many times the size of a human. As a person goes forward, andman then, actually deflate at the same time. So theres a lot going on in short amount of time. They use very powerful iggiters and explosives to achieve that. Almost like a gunshot, right . It all happens as quickly as a gunshot. Absolutely. Gerri we have 17 million total recalls of these things. And the real problem is, that takata cant mmke enough new airbags to put in right kinds of airbags in these cars. So were sort of stuck between a rock and a hhrd place. What would you advise people, consumers to do who know they have these takata airbags . I have been telling everybody, if they even suspect or dont suspect go to nhtsa website, thht will tell you if you have one of the cars on recall. And if you do, i would go right to the deaaer say what will we do here . I actually, if it were e i would disconnect them and wait until they have produced new ones to put back in there. Gerri i got to tell you i called guy who sold me my car, i dont really know you have a takata airbag or not. What kind of answer is that. The dangers are pre especially in humid climates. Why ii that . Well, i think what happens is, the canister and, what it is made of and electricaa contacts are more susceptible to the humiddair that has a little bit of a corrosive effect on it. But theyre still working on exact cause of what issmaking some of these bags fail and some not. Gerri were showing juut to the side of you, the left of you there, that is, a rooming scrool. Of all the makes and models that avv been orlando with takata airbags. Let me tell you its a ton. Yeah. Gerri larry, before you go, one of my bbg questions about, this how much control doee nhtsa which is the federal regulator, nntional highway Traffic Safety administration. how much do they control do they have over this . Takata is a not an american company. Theyre a japanese country. They have a lot of control. 3 government is mandated safety measure. Theyre there because of the government. They have a lot of control. You notice all recalls. The problem there are some recalls that people are immune to them. hats why gerri true. Their cars taken care of for the airbag recall. Theyre closed off to the. Gerri larry, thanks for coming great to talk to you. Anytime. Gerri when we come back, another bailout in the works for yet another Solar Company . Well have the latest on that. And next, an inside job by insiders. Well look at a new report showing how ceos are end favor ann making money doing it. How can power consption china, impactl expos fr w aland, textile productionn ain, ane use medical tenogy in the s. . Ro price, understanthnnectisl a complex, globalconomy. Its just onreasonveof r mutualunt thr 10year lipper avege. T. Re pricst wh coidce quest prospectusr summar ospe with stment information, rks, fe and expees to readnd consir cacarefully beforenvting. Mher made the bt ffee in the world. It dious soow w turned her toffee into buneness. My goal wato take an d it happen m janelong take an and i formedy Toffee Company rough lelegaoo i ner really thoughtould on doing what i love. We createdegalzoom to help people startheir bes and ch their dres. Go tlelzoocom toda at lzoom we put the laon your side. And make yr buss dam a reaty. Gerri we talked about it once, we talked about it a dozen ttmes how individuals investors are placed at disadvantage by Insider Trading. Folks on wall street ttading on us. Ormation ahead of the rest of now there is evidence that even ceos do it. For more on this i will bring in barrons editor jock otter. Great to see you, jack. Always to nice to have you on the shoo. Describe what youre talking about. This isnt oldfashioned kind of Insider Trading where wee sharing secrets, right . Fascinating stuff. These academics, they looked aa 116,000 press releases over 166,000 press releases over 16 years, lo and behold the good news came out at ceos options were vesting, bumping up the stock price a little bit. Gerri lets face it, ceos make a lot of money on Stock Options they get so best interest to pump up the price which is a little like a pump and dump scheme, isnt it . T certainly is. In defense of ceos, what pump and dump screen Leonardo Dicaprio was dding in wall street. As soon as old people buy it they dump it. In this case the ceo is keating good news. Theyre boosting Share Repurchase plan Something Like that. But theyyre timing so their options become a little more value at that time. Gerri there is i feel like no way, assindividual investor there is so much stacked against you if youre buying individual stocks. Let me give you a Little Information from this paper. So, according to the authors of the study, the companys definitely released more good news ahead of ceos stock vesting. Ceos, released 5 more discretionary news. Generate temporary runup in stock prices. Ceo takes advantage of these effects by cashing out shhrtly after the news release. Thanks very much. Those poor ceos are so held back. Like i said to you, if you put a cookie in front of somebody thhy are going to eat it eventually. This is what is happening here. Gerri theyre putting their personal profit they have a fiduciary duty here, dont they . That is wherr this gets really serious. It would be very tough to say, for the sec to come in and say, hey, you announced that stock repurchase plan at the same time you were vesting options. But a whistleblower could conceivably find a pattern wheee at some point the company is violating its fiduciary duty to shareholders. We always forget that tte owners of the company are the shareholders. It is not the boss. It is ot the cfo it is the shareholders yeah. Gerri im not against ceos making a lot of money, dont ge3 me wrong here but i do think at the end of the day they have the obligation to run their company3 in a way that benefits the shareholders, dont you . Absolutely. And also, many many Academic Studies in the long run everybody making out better in that situation. It is just, you know, people respond to incentives. This is another example of if the incentives, inceetivize you to do something a little bit course. Not everyone does it of this looked at a broad, broad ssath of companies but many were doing it. In fact the author specifically said, far too many occurrences showed that the vesting and press release came out at the same time for it possibly to be coincidence. here is definitely a pattern heee. Gerri all right, there is pattern here but you have good news for small investors. What is it . First of all, this ising you and i talked about a lot, i wrote about ittin my book, if you feel wall street is rigged againnt you, Michael Lewis said that, thing to do invest in index fund. Own entire market. When the scumbags are on the golf course gerrr do i need research to help you know vesting schedules. I want to let people know, if you are scared of this own the whole market instead of benefit the ceo. Play their game. Look on sec website. 3 it is very easy to navigate believe it or not. It is pretty efficient. Look up form 4, form numeral four for any given company,3 shows when these guys options are vesting. You buy shortly before the options vest thinking about liquidating. Gerri wow, that is so cool. I love that jack. Buy low, sell high. Gerri happy friday. Happy friday to you. Gerri form four on the sec website. Time to look at stories youre cliiking on foxbusiness. Com. Stocks ended up after the jobs report fell after expectations. Dow and s p 500 ended further into record territory. Oil prices started climbi