Transcripts For FBC The Willis Report 20150128 : comparemela

FBC The Willis Report January 28, 2015

After new tax increases somewhere else . Also its the latest craze popping pills to make you smarter but do they really work . Who doesnt like pizza . Dominos goes hightech for its biggest day of the year the super bowl. There is so much we wish we could keep track of. If only you could track how your cat is really spending his day. Gerri all that and more coming up on the willis report, where consumers are our business. Gerri we begin tonight with a very important story for you and your money and thats gas prices. A big plunge in gas prices over the past year, looks like it is coming to an end, i hate to tell you. In fact the low point for prices might now be in our rear view mirror. The experts at gas buddy say in some parts of the country prices are inching higher. Lets bring in patrick dehaan. Great to have you on the show. Do you believe weve seen the best of the lowest . I think we have. Certainly areas of the great lakes, prices really jumped up because of some refinery issues. Of course canadians starting to feel it as well. Just a the mare of time i think before a lot of motorists realize, hey, prices are starting to go back up. Gerri lets look at prices today. 2. 03 per gallon. Monday it was 2. 02 per gallon. Clearly averages are changing and in the wrong way. You talk about the great lakes area but what about the rest of the country . What were looking at is a disconnect between crude and gasoline. A lot of motorists likely scratching their head looking at price of crude which declined almost 2 a barrel to pass new sixyear lows. Wholesale gasoline prices went up. Eia report sizes it up. Crude inventories went up sharply. Refineries not processing as much product so that led to increase in prices. Im scratching my head. Is that enough of explanation. Oil prices go down, prices at pump go up. I feel like im being taken advantage of here. What do you say . Absolutely. It is up to refineries. We could have as much crude oil we wan in the world unless somebody refines it that is where the price is controlled. The middleman here, dirty middleman gets his cut. Sure we point at refineries for saying hey, get your act together. That is as simple as. That utilization has been very low. Gerri patrick, we also have news the eia, the Energy Information agency says oil suprise is surging. 8. 9 Million Barrels in the latest week. That would seem to argue for lower prices not higher prices. Absolutely it would. That is why, refineries are not turning oil into gasoline. Massive week of crude inventories because refineries are not running it through their plants to turn it into gasoline. Gerri look at places where we have 4 a gallon. Florida, california. I believe that is alaska. What is going on there . I mean california, very big state. Why do they have such high prices right now . California is high. I think you said 4 but maybe you meant Something Else there. Prices moving up. California has capandtrade. They have high gasoline taxes. And that, theyre starting to switch over to more expensive summer gasoline. Gerri so that pumps prices up higher, no pun intended. Certainly. Gerri look where the cheapest price. Cheapest in missouri, 1. 7 pricey evident,. 20. Is there any place where there is still 4 gallon gas or even five . Certainly in hawaii. I think averages are still deep into 3 a gallon territory. Hawaii some stations inevitably probably only at 4 a gallon. What i last looked at were statistics on website said. 1 of all stations are 4 a gallon or higher. Basically just a few hundred here or there. Dont be surprised alaska in the remote areas they lock in prices all winter. Theyre probably not seeing a whole lot after drop. Gerri before you go what is your outlook . What do you see coming down . Still a good summer at pump. Gas prices rising 30 to 60 cents a gallon between now and may. May will send them down and spend summer in 2 a gallon range. Gerri thanks for coming on. Thanks for having me. Gerri rising gas prices is not good news but i do have good news to share with you tonight. The president forced to backtrack on his plan to eliminate tax breaks for college 5289 plans. Why . Because everybody, i mean everybody thought it was a bad idea including get this, nancy pelosi. Score one for the middle class. Obama zero. Guy Benson Senior Political Editor for townhall. Com and Fox News Contributor is here with the latest. Great to have you here. Hi, gerri. Gerri was it democrats that really kay owed this idea . I think so. The president doesnt seem to listen to anything republicans want ever. So the fact he got so much pushback from his own party look this was unsustainable proposition, right . Especially on the heels of a speech where the president used this formulation talking about middle class micks and one of the first things he wants to do is create this giant new Community College entitlement paid for partially by taxing middle class savings for the First Time Ever in this realm and it was not just pelosi but all the way down Chris Van Hollen from maryland, who is the ranging member on budget committee. Just a bad idea. Just a bad idea, particularly talking about helping the middle class. That seems pretty much the sum and substance of his state of the union. He was say essentially programs the 529 only help the 1 , really well think. Hear what Grover Norquist from americans for tax reform had to say about that. This is a body blow against a lot of hopes parents have to save money for their kid education, this is in obamas plan which he says helps the middle class. Few which. Gerri. That is grover, do you agree . Of course he is absolutely right. This was, its dead, it is doa it is gone. Even the president withdrawing it from its budget. If it had gone into implementation, something had passed this is something in a plan that would have really punished middleclass families for behaving responsibly, right . For, saving for their kids educations and taking some of that money, confiscating some of that money people had assuming would be taxfree, save responsibly and bringing it into the federal government to pay for a brand new thing over here that is not middle class economics and president has been forced to relent finally. Although i will say, there is a warning here, there is a lesson here for middle class voters. When democrats like the president talk about the rich and only going to raise taxes on the rich, ultimately the rich only have so much money. The big pool of money that democrats ultimately will need to tap if they want to fund their Big Government fantasies it will have to come from the middle class. This was just sort of a quick little reminder thats the case in the future if democrats have their way. Gerri you got that right. When it comes to who gets what, gop last yearended Unemployment Benefits, extension of Unemployment Benefits. Now a new report out saying that is actually creating jobs. How so . Well i mean this is what republicans were arguing throughout the entire Unemployment Benefits debate. They were saying, when you let people stay on the government dole, month after month, year after year where they can sit back and not necessarily sit back and do nothing but sit back to be choosy to wait for the specific job they want, rather than seeking out employment and taking it, to fend for themselves and to supply their family with an income, when the governments in there artificially propping that up, people will hang back and wait and not go back to work. When you when you close off that spigot for a lot of these people, they are going to eventually stop being quite so picky and they will go and find some work. That, what the study showed, 1. 8 million americans did that because of this policy. Gerri i have to tell you, lesson of both of these stories, right . You give people incentive to the right thing and they will. Right. I know there are some objections, i read some objections among more liberal economists saying this particular study, they had some issues with many some of the methodology, im not equipped to get into the weeds. I point out when exact same scenario and debate played out in the state of North Carolina where republicans were excoriated and meanspirited and nasty for curtailing these benefits these Unemployment Benefits and then they lapsed guess what happened . Same exact thing. A lot of North Carolinaians went back to work. Hard to hearing thats a bad thing. Gerri guy, thanks for coming on the show. Good to see you. Thanks, gerri. Gerri we have more, more more to come this hour including how Dominos Pizza is putting its game space on for its biggest delivery day of the year, the super bowl this sunday. Amazon prime delivering sale after sale but are customers really getting the best deal . Stay with us. Hi, tom. Hey, hows the College Visit . You remembered. Its good. Does it make the short list . You remembered that too. Yea, im afraid so. Knowing our clients personally is what we do. Its okay. This is what weve been planning for. Thanks, bye. And with over 13,000 Financial Advisors we do it a lot. Its why edward jones is the big company that doesnt act that way. When the moments spontaneous, why pause to take a pill . Or stop to find a bathroom . Cialis for daily use is approved to treat both erectile dysfunction and the 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. Do not take cialis if you take nitrates for chest pain as it may cause an unsafe drop in blood pressure. Do not drink alcohol in excess. Side effects may include headache, upset stomach, delayed backache or muscle ache. To avoid longterm injury, get medical help right away for an erection lasting more than four hours. If you have any sudden decrease or loss in hearing or vision or any symptoms of an allergic reaction stop taking cialis and get medical help right away. Ask your doctor about cialis for daily use and a free 30tablet trial. When heartburn comes creeping up on you. Fight back with lief so smooth. Its fast. Tums smoothies starts dissolving the instant it touches your tongue. And neutralizes stomach acid at the source. Tum, tum tum tum. Smoothies only from tums. Gerri a lot of us shop on amazon. Com right . A new survey find that those who were prime members of amazon, prime members, spend an average of 1500 a year on the website compared to the 600 of nonmembers. How is prime getting you to spend all that extra cash . Consumer analyst Andrea Warrick joins us now. Great to see you. Always a pleasure. Gerri always a pleasure to have you on. Why are people spending so much more using amazon prime . Well if you think about it, there definitely have been a surge in online pricing. More people use tablets mobile phone, shopping from home and everybody wants everything urgently. Faster delivery times are more important. Prime members already paying for service and get free twoday rush shipping why would they shop anywhere else other than amazon . Amazon has done such a great job at creating the perception that they offer the lower, lowest prices compared to brickandmortar stores. So it makes sense that people are doing majority of their shopping. Gerri well unpack that in just a second. I want to show folks what you get for 99 bucks a year. Protwoday shipping. Unlimited access to movies and music. Exclusive products. There are a lot of things you get for that money. But i have to tell you, when i saw it was 99 a year i didnt realize i was paying that because it has gone up over time. Kind of your savings that youre getting it is diminishing, isnt it . The price for prime membership has gone up by 20 over last year. However, if you are doing a lot of your shopping online and you are taking advantage of the twoday shipping or youre not meeting that 35 minimum order to qualify for shipping, then the shipping services alone pay for the prime membership. If you dont shop online frequently it might not make sense for you. If youre looking for less expensive alternative to Video Streaming Services compared to netflix and hulu, amazon prime instant video will be less expensive then. Gerri lots of interesting stuff going on with entertainment but first, it sounds like youre saying if you are a frequent Online Shopper maybe there are things you used to buy in the real world now you buy online. Toilet paper. All the usual Household Items you have delivered to your door. The question is when am i spending more on this kind of stuff than in the real world . What is amazon charging me more for . That is the interesting part about it. We all perceive amazon to be this great online retailer for low prices and they do a really good thing with Pricing Strategy highly viewed products or products often associated with amazon Like Electronics and gadgets, they keep those prices low so they create that perception they offer low prices but other items typically you dont associate with Online Shopping like car tires, toiletries those will not be cheaper on amazon. When it comes to bigticket items like car tires maybe important to compare prices but bottle of shampoo people dont want to run around the store to save a cheaper price maybe 50 cents. It boils down to what is important to you convenience or fast delivery or bottom price. Gerri give folks some idea how to compare those prices. You have some great websites great apps to do it. Yes of course, anytime shopping online or shopping in store i want you to track prices. We heard about dynamic prices. You and i talked about that. Gerri right. With stores fluctuate prices on good throughout the day throughout the week. Track the prices with poach it or track it. It will set sales alerts. If you buy something today you notice it goes on sale today and goes lower tomorrow you can ask for price adjustment. Or use price grabber. Com to compare prices online across hundreds of retailers. Coupon sherpa for finding online coupons. For delivery cost, find expedited deliveries there if youre not shopping at amazon and not a prime member become look there for deals. Invisible hand is really cool online Browser Extension that offers you instant Price Comparison for anything that you happen to be browsing online. So kind of does the work for you. Gerri andrea, 40 million folks are amazon prime members, paying that 99 bucks a year. That is a lot of people. They have really hooked a lot of us. Thanks for coming on the show. Great information. Thanks for having me. Gerri we want to know what you think. Here is our question tonight. How often do you shop on amazon once a week, once a month, never, never go there . Log on to gerriwillis. Com. Vote on the righthand side of the screen. I will share results at the end of tonights show. We have an important fox business alert for you. Seems one step forward, two steps back for turbotax these days. After agreeing to refund customers forced to spend 50 more on their software tax software this year, more secrets are coming out. According to usa today, the company that makes turbotax intuit has a database database which keeps all your information, talking names, emails addresses yes even Social Security numbers. Now if youre thinking, ithe program on my desktop and store everything on personal hard drive, so my information is not inconcluded. Nope, youre wrong. Think again. Your data is stored by intuit as well. So what does turbotax have to say about all this a spokeswoman says the database is all in accordance to irs regulations. Well if the irs says it is okay, i feel so much better, dont you . Coming up later, the Federal Reserve is keeping a party going. Great for wall street. How can you benefit from the low rates . Speaking of a party, are you ready for the super bowl . Dominos pizza is here to tell us how they are going hightech for their busiest delivery day of the year. Recently, a 1954 mercedesbenz grand prix race car made history when it sold for a record price of just under 30 million. And now, another mercedesbenz makes history selling at just over 30,000. And to think this one actually has a surroundsound stereo. The 2015 cla. See your authorized mercedesbenz dealer for exceptional offers through mercedesbenz financial services. Gerri you can forget about the Federal Reserve. One of the biggest and best barometers of the economy is pizza and business is booming. Dom set to have the busiest day of the year thanks to this weekends super bowl. With us tim mcintyre from dominoes. Welcome to the show. Great to have you here. Thanks for having me. Gerri were really interested what youre doing with the super bowl. I want to ask you about hightech things youre doing. We heard from Companies Like starbucks, technology is critically important to their future. What kind of plans do you have when it comes to hightech . We have a lot of plans, we have a lot of things going. We dominate 95 of the smartphone and tablet market. You can order from any digital device. It makes up about 50 of our sales. Whats new this year, is that if you have a new Samsung Smart tv you can track your order without ever leaving your living room. Gerri it shows you exactly where your pizza is in the process of making and delivery . Exactly. It shows you who is make pizza. When it is in the oven. When it is leaving the store and name of the driver. Gerri tim, i want to show you, i dont know if you have return but well show our viewers. We have a bunch of do knows pizzas here in the studio. We tried to keep some of it here. Look what happened of most of it is gone. Folks right here in the studio started eating. Once you smell that, you just cant stop yourself. So what do you guys have cooked up for the super bowl . We have so many different varieties. Get pizza, pasta wings, bread, sides, you name it. You can get a chocolate dess

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