Country as a host of new surveys more americans see themselves slipping out of the middle class. With us, Jonathan Hoenig from capitalist pig asset management, fox news contributor. Rich lowery, National Review and sam chan done, economist with chandone economics. Sam, i start with you. 200,000 new nonfarm jobs created in the month. An Unemployment Rate that slips to 6. 6 . Do you agree with the consensus number or do you agree it would could be better . I think we could have number better than that. Weve had drag over job creation over past couple months because of bad weather. What that means, although weather isnt a negative issue for us in the march numbers, the march numbers might be inflated a little bit. If there was hiring that wasnt happening in january and february gerri so may be a head fake . Yeah. Gerri jonathan, what do you say . I know you follow these numbers very closely. What do you expect tomorrow . And even if we have something a little better than 200,000, is that really satisfying . I think you will see a dramatic reaction in the markets, gerri, as the number beats expectations. You could see 210, maybe even 220,000 jobs created. One big factor, ironically due to obamacare. Think about it, four or five months ago when Small Businesses were citing obamacare as the main reason they werent hiring. For better or worse, some of that uncertainty cleared up, i think you will see a bit of a tick up when it comes to employment. I dont think the economy is necessarily getting better. As they go, one doesnt make a thing. Gerri rich to you, you follow this from slightly different point of view. A political point of view. How do you think americans feeling about the job market right now . Theyre not feeling good. We have surveys people dont consider themselves middle class the way they used to in the past. That is almost entirely function of job market. Obama care continues to be huge issue. But republicans would be well served to remember this, the jobs market and the economy is hugely important to everyone in the country. Gerri hugely important. We got a report how much people were making on a average per hour. It was not impressive. Everybody says, 200,000, 220,000, that is great news but what kind of jobs is this economy producing . If were getting excited about 210,000 jobs because only expectations are lowered significantly because of recession and numb members were kind of seeing. Were not necessarily creating kinds of jobs that give us large amounts of discretionary income. They are not jobs that have large multiplier effect. If you create a big job you have big spillover effects into the economy and create other jobs. Jobs are created in health care and education. When we look at executive and business service, a lot is temporary workers. That is not kind of longterm career employment were looking for. Gerri jonathan, go right ahead. Sure, i will echo sams point. A good economy, gerri, it is like porn city you if when you see it. We know it if we dont have a great number tomorrow. Past recoveries like 2000 and knight 90s, early 1980s was presence of government. You saw much faster recovery with high hiring and gdp because you didnt have all the intervention, stimulus and all that debt of the that is why this time is different. The economy despite all the that intervention and stimulus is sputtering. Gerri were still not learning our lessons. Rich, one of the fact that is more disturbing, more and more americans are saying you know what . Im not middle class anymore. Yeah. Gerri im lower middle class. I find that concerning. What do you make of it . The number from pew is beginning in 2008, before we had this horrible recession, 25 of people considered themselves lower, middle or working class. Now the number is 40. This is a huge bump. Part of it is cyclical, having to do with nature of economy. A lot of people dont think it is coming back. Gerri right. If you ask people if it is easier to be middle class than it was 10 years ago of 58 of people say it is harder. Part of it is jobs market and cost of living, cost of health car, cost of energy, cost of college. Gerri sam, you cant blame them. Incomes are stagnant to falling. We have to have Something Different in this country. If we look overall what is happening with income. And there are couple different ways we measure but if we include measures of total compensation and include as fringe benefits, incomes are up a little bit. Major issue there are very big issues in income trends. Gerri is this 1 story for you. I think it goes much, much deeper than that. I dont think its a 1 story we do have an issue where you have a large segment of the population where incomes are growing slowly. If you think about where you are and how your income is growing relative to what you see happening in the broader environment, there is this sort of, theres this perspective issue. You see some gerri is it perspective . I dont think so. If your income is growing slowly you feel badly no matter how badly or well other people are doing. Youre most concerned about is your own state of wellbeing. You see wages pick up and incomes pick up, people dont care about Mark Zuckerberg getting richer. It is income, gerri. I think it is culture. To richs point we used to celebrate Mark Zuckerberg or steve jobs or any of the 1990s, tech titans. When they were getting rich, we were all getting rich. Everyone was getting rich. Economy was more wealthy. When you see somebody is wealthy, the sense whose palms did he grease . What subsidies he is getting . What fed induced bubbles is he participating. There is distrust for Wealth Creation and i blame washington. Gerri you make a good point. There is a lot of distress out there. When americans themselves stop identifying themselves as middle class, you know there is a big, big problem in this country. We have to have a better economy that puts more and more people to work for wages. That will let them, raise a family and put their kids to school and, retire. Thats my view anyway. Ich, sam,r coming on the show tonight. You guys were terrific together. Thank you so much. Thanks, gerri. Youre most welcome. Are you planning a vacation soon . If not youre not alone. Employees are only using half, half of their paid vacation. That is according to a new survey from the careers website, glass door. A big reason for refusing to take vacation, fear, fear of falling behind. Fear of missing that big premotion. 17 of the survey they fear losing their job if they go on vacation. But not using your full amount of vacation means employees could leave more than 1300 bucks on the table. The survey also find when workers do go on vacation, the office isnt very far away. 61 of the americans say they work while theyre on vacation. Do you do that . We want to know what you think. Here is our question tonight. Do you work when you go on vacation . Log on to gerri willis dotcom. Vote on righthand side of the screen. I will share results at the end of tonights show. We have more coming you, including how to save big on your mortgage. Congress is saying one more time to yet again extending tax extenders. Is tax reform a lost cause . Did washington lose its way . Probably. Our panel weighs in next. I ys say be thman with the plan but with less ergy, moodiness, i had to do something. I saw mdoctor. A blood test showed it was low testosterone, not age. We talked about axiron the onlynderarm low t treaent that can restore t vels to normal in about two weeks in most men. Axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. 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They even reward me for addressing my health risks. So im doing fine. But shes still gonna give me a heart attack. Innovations that work for you. Thats health in numbers. Unitedhealthcare. [ male announcer ] this m has an Accomplished Research and Analytical Group at his disposal. But even more pressive is how he puts it to work for his clients. Morning. Morning. Thanks for meeting so early. Oh, its not a big deal at all. Come on in. [ male announcer ] its how edward jones makes sense of investing. Gerri there is a big fight brewing in washington over what they call tax extenders. These are dozens of tax breaks that expired last year and special Interest Groups want them restored or extended. What is really needed is a complete overhaul of the tax code but that hasnt happened in nearly 30 years. Peter barnes is our senior washington correspondent and has the details. Peteer . Gerri, thats right. The Senate FinanceCommittee Approved a package of 50 tax breaks today. Congress usually approves these every year, year after year, rather than just fold them into the tax code but the Committee Approved a twoyear, 85 billion extension of these tax breaks this time around. It did that to try to buy some time to actually try to deal with them permanently and fix the rest of the crazy tax code that is riddled with complexity and special interest provisions. Provisions he approved including mainstream ones extending tax relief for struggling homeowners with mortgage debt forgiven. Research an Development Tax credit for companies. Mass transit and parking tax break that Companies Give their employees and bonus depreciation to encourage companies to invest more in factories and equipment. There was usual grab bag of really special interest provisions, Film Production expensing for hollywood studios. Tax credit for people who buy electric motorcycles. Faster writeoffs for owners of, race horses. As well as owners of, automobile racetracks. The new chairman of the finance Committee Said this is the last time for one of these kinds of bills. Democrat ron wyden wants comprehensive tax reform completed in 2015. To make his point he called this, the expire act. This will be the last tax extenders bill the Committee Takes up as long as i am the chairman. That is why the bill is called the expire act. It is meant to expire. The households its first hearing on its own extenders bill next week. Look for congress to pass all this by the end of the year, retroactive to january 1st. Gerri . Gerri peter barnes, the beat goes on and on and on. Thank you for telling us about it. You bet. Gerri with us pete from the National Taxpayers union and scott hodge, president of the tax foundation. Welcome to both of you. Scott, i will start with you. 55 tax extend terse last year. We heard some of these are. Tax breaks for people with race horses, people with electric motorcycles there. Is nascar tax break. There are some stuff folks consider essential. Is this any way to run a country, scott . No way to run a tax code either. Really what has become is, sort of an annual fundraising event for members of the ways and means of finance committees. They get to shake down the Business Community and lure them into to come and argue for their pet projects. It is also a way for lobbyists to get rich because this becomes an annal event for the annual event for k street community. I commend chairman wyden to make these permanent meant. This calls for fundamental tax reform. Gerri fundamental tax reform. I bet pete doesnt disagree with you on that . No. Gerri reminds me a little bit what we want through obamacare, right . Rules kept changing, rules kept changing. I dont really know how you run a business in this economy, pete, when you really dont know what the bottom line is what the endgame is. Yeah. How much of a hamstring is . To people running Small Businesses . It is terrible. You dont run a business in this kind of environment. You slow down your investment plans, your hiring plans, all of it. Look at one of these provisions. This is the expensing provision. Right now a Small Business could writeoff 500,000 of expenses up front if this package is renewed. It will fall to 25,000 if congress does nothing. Thats a huge fall. Congress is saying, no worries well get around to it this year. Well make it retroactive to the beginning of the year. Its too late. Many Small Businesses already made their investment plans last year. They probably, at least a number of them, took a chance and said, well, i dont think congress will provide this additional expensing. I will not make an investment. That shows up in downstream effect the on economy. Gerri downstream meaning bad effects right . Yes. Gerri fewer jobs. Companies cant plan, cant hire. How do you expand if you dont know what the rules are. Scott to you, how are we paying for this . This is not cheap . It is not cheap. We paid for these last year. They were in part of law last year. It is really not costing us anything more relative to last year. It costs more relative to allowing them to expire but, it is about a 50 billion, or off billion dollars a year expense. But that should be folded into fundamental tax reform ultimately. A lot of these things wouldnt survive on their own werent part after megaproject matched with necessary things like the r d tax credit. Most of them would simply wither on the vine if they were put out there for a vote on their own. Gerri well, to that point, pete, i mean, you know, ron wydenall this the last tax extenders ever. Really . Do we really believe that . This is 15th time weve gone down this road. Lets hope 15 is the charm. Only 15 provisions actually had a shelf life on them in the original 1986 tax reform act. You mentioned 55 alone from last year. That is an illustration how bad this problem has become. Gerri i couldnt agree with you more. Scott, ever since ive been at this network we talked about the possibility of tax reform. What tax reform should look like and be like. I hear from our viewers what kind of tax reform they would like to see. At this point in our cultural history. What kind of chance would you give us, small, big, little, having comprehensive tax reform . Im afraid i ace few years off. Congressman dave camps trial balloon package has been burst. There is little chance of anything happening this year. Which means were ultimately not looking until something happening on tax reform until after the next president ial election in 2017. So dont hold your breath. Tax reform is not around the corner. Gerri tax reform, not around the corner, pete, do you agree, last word . Im afraid so. Of course the system is collapsing under the weight of its own complexity. 240 billion a year compliance burden alone. Congress will be forced to confront this. Or they will have to confront declining revenues because people wont know how to comply with the system. Gerri long way to go. Pete, scott, thanks for coming on. Great to see you guys. Take care. Gerri coming up later in the show, household brands, you know them, theyre giving themselves a makeover. Will it win over customers . Next we answer the question, how do you do that . You have your dream house. Well show you how to get the most savings out of your mortgage. Stay with us. [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the Aerospace Industry in the u. S. . At t. Rowe price, we understand the connections of a complex, global economy. Its just one reason over 75 of our mutual funds beat their 10year lipper average. T. Rowe price. Invest with confidence. Request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. 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Gerri did you know you could get savings on monthly mortgage and were not talking about refis in you might not if youre not doublechecking statements. How do do that . We have the founder of help save my dollar. Com. Author of the book, more money please, the Financial Secrets you never learned in school. More money please. I like that. It is polite but it is emphatic. Lets walk through this. You cant save money without the refi. For example, what are unapplied funds. You want to make sure the balance in your unapplied fund account is zero. The reason any money could be there in the first place if you have made an extra mortgage payment. Maybe youve been making payments every two weeks and that doesnt cover full amount or youve been paying extra 50 here and there. These are tactics people use to pay off the mortgage sooner. If you dont tell the bank ahead of time. Gerri they screw it up. They will put money in unapplied fund account. That will not make money work toward your advantage. Make sure they allocate that money to principle so you can pay off your mortgage sooner. Even if you call them and tell them to do it the right way you still want to check. I think lot of people out there, you dont pay any attention what youre paying on mortgage, right . Maybe you do it automatically. Maybe goes out of your Bank Account Like that and you never even look. Youre saying it pays to look. One of the things you say you should look at, escrow balance. This is balance for insurance and taxes. What should i look for . The bank will take insurance and taxes for the year, divide that number by 12, add it to your monthly payment. A lot of time if taxes change or switch Insurance Companies, that amount could change and the bank will not call you up, say, youve been paying too much money. So you need to be the one to call them say, hey, guys, i have a new amount. Youre charging me old amount because i switched Insurance Companies and you may need to provide proof. Something you should check periodically. Gerri make sure it is write. Theyre dealing a lot of paperwork. Make sure youre doing right thing. Pmi, if you couldnt put down 20 , you pay a little bit more insurance. Tell us about that and, when it goes away . Well private mortgage insurance, like you said, is to compensate the bank for taking on additional risk. And it is supposed to go away automatically when your loantovalue ratio hits 78 . The bank will give you that date. They dont do that. The thing is, if youre making extra mortgage payment or price of your home is rising in value you might fall through the threshold so you dont pay pmi sooner. You want to he will it bank, do i really still owe pmi . Here is appraisal. My home rose in value. I want that taken off. Keep in mind, pmi be 1. 5 of the loin that could easily ad up to hundreds of dollars. Gerri people pay that for years. It is up to you to tell the bank. Check the loans resell date . That is the reset date. This is the loan, if you have an adjustable rate mortgage. Gerri oh, when it resets. Oh okay. Switches from fixed to variable and Adjustable Rate Mortgages are making a come back especially since the recession. Were in environment where Interest Rates are rising. We see the fed scale back bond stimulus. That will put yields on 10year bond up. Mortgage rights are likely to rise in the next year. You dont want to be blindsided by this huge payment increase. Keep an eye on that date because the bank will not say, hey, in six months you will have x increase in your mortgage payments. Gerri big flashing red mark on my calendar when i had one. Adjustable rate mortgages, arms, account for 37 of all mortgages. Well see more of them. More and more people will do them. It pays to actually read the bill, is what youre saying . Because a lot of us look at credit card statements line by line. Why not mortgage statements. If youre simply writing a check youre missing out on ton of potential saving. Saving me money. Appreciate it scott. Thanks for coming in. Good to see you. Gerri coming up thth ceof toyota north america is here to share his take on the economy. Next the search for summer rentals is on. Were heading to the hamptons for an inside peek at one of the most luck sure just vacation spots. Luxurious vacation spots. Take a look at that house, my friends. So ally bank has a raise your rate cd that wothats correct. A rate. Cause im really nervous about getting trapped. Whys that . Uh, mark . Go get help i have my reasons. Look, you dont have to feel trapped with our raise your rate cd. If our rate on this cd goes up, yours can too. Oh that sounds nice. Dont feel trapped with the ally raise your rate cd. Ally bank. Your money needs an ally. Lifes an adventure and it always has been. But your erectile dysfunction it could be a question of blood flow. 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Ask your doctor about cialis for daily use and a 30tablet free trial. Gerri one of the big headlines in this week was the 7. 1 million obamacare enrollment number, that was touted by the president , you remember that. But new data from a major insurer actually suggests the numbers more like six million. Here to explain is vital springs technology ceo, welcome back to the show. Whats going on here . What is the president counting that maybe he shouldnt be . Well, theres going to be a big disconnect, gerri, in terms of those that actually made it all the way through the process, actually picked a plan and those that actually got a payment processed. Ask were going to start digging and were going to start digging under the covers in terms of the discrepancy between the six million and the 7. 1 million. And the measurement that the white house is looking at is people that potentially either try or get their foot through the or door, but the real thurm that matters is number that matters is the people that go all the way through the system that actually complete that transaction. And even more importantly over the next few months will be how these people have actually been able to access the doctors that theyre trying to get to when they need to. Gerri well, it is definitely a process. Blue cross blue shield saying 1520 of these folks have not paid their first premium. So thats how they get to the six million thurm. And even that may not be a good number because how many of those folks already had insurance, right . How many people are we really insuring new for the first time . How many of those people actually fall in the demographic that weve been trying to insure which is young people . Theres so many questions about these numbers. And i feel like theyre murky. Im not sure that i trust them. Do you . No. And heres the reason why. Take the example of a Large Employer that goes through an enrollment process usually every september, october k and today look at the number of people that enroll in the plan that theyre offering. They get ecstatic about the number enrolled, but thats not the number that really matters. What matters is whether the right people enrolled in the right plans. Because what happens is if you get people with really sick issues or that have chronic conditions and they end up choosing the wrong plan, what happens . They end up not getting access to the care that they need and costs actually go up. So the amusing thing is the celebration over the 7. 1 million number which, you know, is good considering all of the problems that theyve had. But for anybody that really understands the mechanics of health insurance, theres nothing to celebrate gerri i dont think so. We dont have the details that really matter. Somewhere jer we dont know. There are more questions than answers at this point. But this was a funny headline today, and i wonder if you saw it. Now we finally have an end date for enrollment, and guess what . Tax day, april 15th. How appropriate is that that this program, the costs of which have only been escalating ever since they announced it, that tax day is the day you have to enroll. I think its hysterical. Well, i think its hysterical, i think it also raises the question of what people are going to report on when theyres supposed to talk about whether theyre supposed to talk about whether they actually have coverage or not in their tax returns, and they couldnt access healthcare. Gov. What are they supposed to respond to when they submit their tax returns on april 15th, and are they going to get penalized for that. Gerri well, i think theyll be reporting on april 15th of next year for this year, so theyre going to have a little time to make that filing, i think. But at the end of the day, none of the goals we had; reducing the cost of care, bending the cost curve, keeping your insurer. None of these things are actually coming to true wuss, and now we hear that employers are saying obamacare will cost an additional 5,000 per employee. Some of it born by the federal government borne by the federal government, some not. Thats right. And that study, i think, is a significant one. It was produced by tevi troy whos a very respectable statesman and individual who was this hhs during the bush administration. And its a really remarkable study where they interviewed over a hundred major employers and asked them about the key problems that theyre concerned about. And, clearly, the issues that theyre concerned about are the administrative costs in terms of implementing the Affordable Care act as well as some of the taxes that are going to be uncured for some of these incurred if for some of these companies. And if you looked at the numbers that you just talked about in terms of the financial impact, despite all of the mechanics of the Affordable Care act that are in place now, its astounding. So the 7. 1 million number is a very shortterm victory. Because if you look, as you mentioned, in terms of not knowing the risk of the population, the impact to employers, the impact to Insurance Companies who are in the dark, the real numbers about the success of this law are now going to unravel. Gerri i think so too. I couldnt agree with you more dr. P. , good to see you. Thank you very much. Gerri well, its time to talk about the hamptons. The hamptons are many folks great summer escape. Although some of those houses might be just a little out of your price range, it doesnt hurt to dream, and i always like looking at pretty pictures of houses. Here was a look at some of these. Cheryl casone, ive been seeing this all day, my friend. Its mighty pretty. It is. Ive actually got some new stuff to show you, gerri. I thought of you, because were on the main floor of the house. 12. 9 million if you would like to buy this mansion, but youve got a sitting room. I think this is a great place to spend 5 30 in the afternoon. Theres the study, of course. But let me show you the main room, this is the main living room, and this is what you see when you first walk into the estate. Seven bed with rooms, ten and a half bathrooms. Theres fireplaces in almost every room. Certainly, this is, you know, looking like it should be with sold. Not yet. We were talking to the listing agent, and he said theyve gotten some offers, nothing theyre crazy about. Feel free to interrupt, but i wanted to show you the kitchen, because i know you love to cook. Gerri i do. I know, right . These countertops are a caerer rah marble countertop. I actually have this in my own kitchen. They didnt spare any gerri can we see the stove . Lets see the stove. Theres the stove for you. This is a viking, professional viewking stove. I mean, what would you make on this, gerri . Im thinking applewood smoked bacon to start, and then we can use that in our omelet or in sandwiches when we go the beach or put it in with, maybe, some pasta later in the day, what do you think . This chardonnay on the side . And, okay, well have a salad, all right . Well throw a salad im coming to your house after im done in the hamptons, gerri, because i know youre a good cook. Wanted to show you that, and theres lots and lots of storage space. And they didnt cut concerners when it corners when it comes to the moldings. Those are all throughout the top. And finally i want to show you this at the end, and this is kind of the breakfast area. This is where we would have our only to let, and then im hungry, thanks a lot. And i wanted to show you the pool. This is where you could have your breakfast every day. Gerri oh, my gosh, thats so pretty. Im thinking we make a little breakfast, we take it out, we eat it by the pool. I see this shaping up for our summer adventure. [laughter] im trying to get about four to five fox an doors to get in to rent this for the summer, but its going to take a few of us. 550,000 to rent this property from memorial to labor day, but maybe we can pull it together. Gerri well need a big loan, thanks, cheryl. I love the pretty pictures, thank you. You bet. Gerri and still to come, which iconic brands are getting a makeover . Coming up next, the ceo of toyota north america to talk about what to expect there this top from this top automaker. If youve got copd like me. Hey breathings hard. Know the feeling . Copd includes emphysema and chronic bronchitis. Spiriva is a oncedaily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. Spiriva helps me breathe easier. Spiriva handihaler tiotropium bromide inhalation powder does not replace fastacting inhalers for sudden symptoms. Tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. These may worsen with spiriva. Discuss all medicines you take, even eye drops. Stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. Other side effects include dry mouth and constipation. Nothing can reverse copd. Spiriva helps me breathe better. Does breathing with copd weigh you down . Dont wait to ask your doctor about spiriva. When folks in the lower 48 think athey think salmon and energy. A, but the energy bp produces up here creates Something Else as well jobs all over america. Thousands of people here in alaska are working to safely produce more energy. But thats just the start. To produce more from existing wells, we need advanced technology. That means hitech jobs in california and colorado. The oil moves through one of the Worlds Largest pipelines. Maintaining it means manufacturing jobs in the midwest. Then we transport it with 4 stateoftheart, doublehull tankers. Some of the safest, most advanced ships in the world built in san diego with a 1 billion investment. Across the united states, bp supports more than a quarter million jobs. And no Energy Company invests more in the u. S. Than bp. When we set up operation in one part of the country, people in other parts go to work. Thats not a coincidence. Its one more part of our commitment to america. Gerri cars of the future. Automakers pushing the limits of technology with toyota unveiling its new hydrogenpowered car. Imagine that. Weve got a fox business exclusive interview with the ceo of toyota north america. Hes seeking at the economics conference in Santa Barbara about the future of the industry. So, jim, tell me, how do you envision the car of the future . Is it hydrogen . What is the technology thats going to push us forward . Well, you know, i think if you look at where we are today, its really been with hybrid vehicles. And the hybrid power train is really the core thats underneath this fuel cell as well. So this is merely b an extension of where we are today. It allows us to bring in a new fuel source which we think in the future is going to be hydrogen. Gerri huh, i cant imagine. Im starting to see some pictures and renderings. One of the innovations im hearing a lot about are selfdriving cars, and i tested a few of them. The technology is interesting but, frankly, its a little disconcerting. Is it possible we could get too much new technology in some of these cars . Well, you know, there are different ways of looking at autonomous cars, you know . We view autonomy in cars really as a copilot, and its using technology to enhance the skills of the driver. And not necessarily a vehicle that is going to pull to the front of your house in the morning, you jump in the backseat and go to work. Realistically, i dont think thats going to happen, not in my lifetime. Gerri well, that relieves me in some ways, i have to tell you. You brought up hybrids. The prius is probably the best known car that is a hybrid. How is the prius changing . Is it changing . Prius has been evolving. The current generation car is in its fifth year. There will be a next generation prius at some point in the future. It will get better miles than it does today. So the body styles evolving, but so is the vehicle itself. When you look at extended range vehicle, plugins. I happen to drive a plugin prius. A regular prius i would get about 50 miles per gallon. Im getting about 70 miles per gallon in my extended range vehicle. So i think over time youre going to see more extended range use in hybrids that are going to be able to push the mileage we get in these or cars even further down the road. Gerri lots of questions about those cars. Do you see demand rising, falling, staying the same . Well, i think so far this year overall demand for hybrids are down around 12 . Its about 3. 5 of overall industry demand. And i think thats being driven today by fairly low fuel prices. So i think over time were going to continue to see hybrids build, but right now its a little pit of a soft spot in the market little wit of a soft spot in the market. Gerri tesla is getting a lot of headlines, interest in the media and the public as well. Are they stealing your thunder when it comes to hybrids . I dont think so. If you look at volumes, there are roughly 500,000 alternative fuel vehicles sold a year. Still today a very small percentage of that is pure electric. So there is a place for pure electrics. We tend to want to look at ap overall portfolio approach to our vehicles. So we continue to improve internal combustion gas engines. We will improve hybrids, well have extended range hybrids. Well have pure ev and fuel cells all at the same time. Gerri wow. So lots of new things for us to consider and take a look at, for sure. One of your older models, the camera, one of the most popular cars in america, people really trust this vehicle. Tell me what youre seeing in terms of demand from the american public. You have a kind of a catbird seat on the economy. What do the sales of camry tell you about whats going on more broadly in our economy . Well, i think you have to look at the overall industry volume and not necessarily just mid sized cars. Because overall industry we just came off at a 16. 4 million rate. We havent seen that kind of rate in march since 2006. So i think we see the overall economy for automobiles just looking quite strong. There is a push, though, towards more light truck than even passenger truck. Gerri interesting. Light trucks are outselling passenger car. Camry in that midsized segment is still the largest segment of all the passenger cars. Right now suvs, particularly small suvs, are read hot in the marketplace red hot in the marketplace. Gerri crossovers are big. Toyota has been through its own bigtime recall, and now gm handling a recall as well. What do can you make of how theyve handled this, what can you tell us about being in the eyes of the public during a high profile recall . Well, it probably wouldnt be prudent for me to give them much advice, you know . I think they have enough consultants working for them that theyre going to have to make their own decisions. But, you know, when i go back to our experience, and this was some four years ago, its really all about being closer to your customers, listening close to your customers, being fast and being transparent both within your company and outside your company. So, you know, i think weve done a great job over the last four years to regain the trust of our customers, and were going to continue to really listen to our customer needs. Because, quite frankly, if you do that and is you do it well, thats how youre going to be successful in this business. Gerri jim, thanks for coming on the show. Absolute pleasure talking to you. Thank you so much. Thank you. Gerri and still to come, my two cents more. And next, iconic but struggling, household brands, you though them, are revamping their image, but will they get those customers back . Is stay with us. [ male announcer ] when fixed income experts. Work with equity experts. Who work with regional experts. Thats when expertise happens. Mfs. Because there is no expertise without collaboration. But they have to use special care in keeping the denture clean. Dentures are very different to real teeth. Theyre about 10 times softer and may have surface pores where bacteria can multiply. Polident is designed to clean dentures daily. Its unique microclean formula kills 99. 99 of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toothpaste. Thats why i recommend using polident. [ male announcer ] polident. Clean, fresher, brighter every day. Gerri from Mcdonalds Restaurants to amazon, how iconic brands are revamping their image. But is it worth it . Mi up in twoinutes. Gerri do you love philadelphia of cream cheese . I hate to break this to you, but theyre going to change the product. In hopes to appeal to Health Conscious consumers, theyre adding more fruit and veggies to their flavors. The Company Joins many others that have tried to reinvent themselves, but is rebranding necessary . Joining me now, branding expert karen post. Welcome back to the show, good to see ya. Great to be here. Gerri rebranding is really a sign of weve got big troubles, we dont know what to do next. Do you agree . Well, every change happens so fast now with technology and research and consumers really, you know, calling a lot of the shots, Big Companies and Small Companies have to continually improve, and they have to launch new products to stay in the public eye and get News Coverage and get talked about, so its important. Gerri well, i know, but im not sure i want them to change philadelphia cream cheese. What do you think of this rebranding, adding veggies and fruit, is that a good thing . Well, i dont know this for sure, but i would think that theyd still have the basics as an option, but i think theyre just adding more choices because theyve learned that customers want flavor, they want ingredients that they can pronounce, and they just want healthier products. [laughter] gerri they want ingredients they can pronounce, amen to that. I want to walk you through some brands that have been through some major revamps and get you to grade them. Lets start with amazon, what did you make of tear a rebranding . Well, you know, when you speak about rebranding, i think theres two ways. Its what the market really thinks about them and what theyre doing internally with their operations. I think amazon is good, theyve been great. I think they offer the marketplace a lot more. But has the essence of their brand really changed . You know, i dont think so. I think theyre a popular, great resource, and theyre doing well. Ierier well, one cane company you thought did a good job of rebranding was bell monday. What did they do right . Well, they changed their name. And i think often, especially large companies, theyve got Big Marketing and branding departments, and they think theyre making a radical change, but the consumer doesnt see it. And so if you really are looking for a shift, a lot of times it means a brand new name. More than just a little packaging, tweaking, a little logo updating, but it means radical change. And radical change will get you a lot more buzz, and buzz can translate into brand equity. And thats what these companies are striving for. Gerri karen, ive got to play devils advocate. Some of these new names, inspirty . What the heck is that . They come up with these names, i dont know what they do. Maybe they take consonants and vowels and try to come up with something brand spanking new. Half the time it makes no sense. I know, but heres the challenge. With the internet and getting the available url, the web site address, its so difficult these days. And names are hard to get. So thats a big part of these creative mashups of sill billions and words and names. But if they do a good job of storytelling and theyve got all the other components down, they can definitely be successful. Because we see Small Companies all the time with smaller resources with really weird names and weird ideas. And they can breakthrough the clutter. So im a profound poand of being different and not, you know, just doing the psalm old thing same old thing. Gerri i want to be the consultant that give cans you the new name and gets paid for doing that. Karen, thank you so much for your time. Thanks. See you soon. Gerri yes. Absolutely. Well be right back. Stay with us. dad well, weve been thinking about it and were just not sure. agent i understand. dad weve never sold a house before. agent ill walk you guys through every step. dad so if we sell, do you think we can swing it . agent i have the numbers right here and based on the comps that ive found, the timing is perfect. Theres a lot of buyers for a house like yours. dad thats good to know. mom im so excited. Gundyes n group is a go. Not just a start up. An upstart. Gotta get going. Gotta be good. Good . Good. Growth is the goal. 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Gerri and finally, you know, theres been a lot of talk and a lot of hot air blowing around this network about Michael Lewis book flash boys. Now, he argues that some traders are, essentially, front running regular investors using Superfast Computers to beat you to the punch. Heres what he said this morning on opening bell with maria bartiromo. Youve got to understand how its rigged, right . I mean, the skim thats going on here so insidious because its so subtle. Youre talking about pennies to transactions. The problem is the systems been created to enable the skim is incredibly complicated, so nobody understands it and unstable. So its sort of like a question mark of trust. Its like we have sort of built our house on sand. And unnecessarily the only reason for any of it is to maximize wall street revenues. Gerri true, and Charles Schwab issued a Statement Today describing these traders as, quote, a cancer on the market and that its corrupting our capitol markets. Critics say that schwab is just talking its book, in other words, making public statements that advantage his business. I get it. But heres the thing, schwabs interests are far more closely aligned with my interests and, frankly, yours than that of the High Frequency traders. Absolutely. We want to guard your every dime, nickel and penny, thats for sure. Thanks for joining us, thats the willis report. Good night. Neil welcome, everybody. And i promise you we would start digging into these obamacare numbers, we did. And you are not going to like what we found out. That 7. 1 million enrolling figure the president was crowing about on tuesday, try closer to one million. Not one million fewer enrollees, one million total enrollees. One million net new enrollees for the president s new health care law. Thats it. And by the way, were being generous even with that because were not including the millions of americans who have lost their health care coverage. Just factoring those numbers in were actually talking millions