As the country nears its 16 half trillion dollar debt ceiling and lawmakers showing more interest in finger pointing and negotiating. We are not going to pass a clean debt limit increase. I told the president , there is no way we will pass when the votes are not in the house. The republicans and the speaker saying that there are not enough votes. They should prove it. Lets see what happens. Were not going to negotiate and to the threat of a prolonged shutdown until republicans get 100 percent of what they want. Gerri the anxiety on wall street is clear. Markets seeing red across the board says the government shu down. Take a look. What do all ofhese shenanigans mean for your bottom line . Is your retirement getting raided . Joining me now, the trader and editor of money news ultimate wealth report. Partner and chief marketing officer for in a Capitol Management and managing partner for kings new capital. I will start with you. Your biggest concern, fear, lori . We think this is a lot of politicking. We do not think it will last. Our personal fear is that this is going to give the u. S. And International Perception that it does not have its house in order. Ce that happens the United States will start losingower. Gerri agreed. As we saw three days with the dow down 100 points or more, more than 100 points, the fear, anxiety. I start thinking, these guys are raiding my retirement. I have no patients for it. I dont think professional traders are as worried as i am. Do you think i am a common individuals investor . Probably one of the biggest things to be worried about is that they will go out and start selling everything that they havent panicked. We have seen historically that a government shut down does not have a major effect on the markets. Typically we will see a bounce in the market. The real issue that is the problem is the potential that. I think that there is such a low probability that happens because if it does it is one of those unknowns situations where washington will not let us do that. You know, they will stop paying other things to pay the debt. If he were to default on u. S. Treasury it would send shock waves throughout the global finance. Gerri do you agree . Is there no way that we well, you know, broach the debt . At the end of the day the u. S. Will not be making good on its Treasury Bonds . I agree. I do not think that will happen. I think an agreement will likely be reached. But even if it does n, we have a little bit more time after that because we do not have to pay until the end of the month. A little bit of a window to work with, but not much. I believe that we will make good on it. Gerri lets go back. Wee going to lose gdprowth if we dont get the situation is resolv. Do you agree . What do you think . There will be an impact. How much it is i cant tell you. What worries me is the short term. At the end of the day stock prices are reflective of future earnings. Anything that affects that will affect my retirement. Gerri the Associated Press conducted a study of how people have been handling their money. I have to tell you, the numbers are not optimistic. Debt is down. Cash holdings are up 15 . Spending is up. This is the ten largest economies on the planet. But clearly people have gotten much more conservative. What do you make of that . The Great Recession is still strong in peoples memors. People are nervous. You see the central bankers around the world taking these unproven tactics. People are nervous. They dont think, he is printing money. They recognize. Gerri they think that every day. They recognize that we are spending money. Gerri people are far more intelligent than most of wall street would ever want to admit and get it. Lets go to sean for a second. What do you think of this action that individual investors have taken. Is it going to b because of what is going on in washington, are they going to double down on holding the cash and keeping the debt down . Will they be even more conservative . Right now Retail Investors are piling in for the most part because the market runup has been so prolonged. It is probably the wrong move to make. They should not be putting new capital to work because the valuations are so high relative to corporate earnings that they should just hold what they have and let that ride. There are places that are smart to invest, chinese ets that are hooked up to a stronger Growth Engine and are not susceptible to a government shut down is one place to look. Gerri whe do you put your money . International diversification. We like that on the emerging markets, but frontier markets. Gerri what is that . Basically what the emerging markets were 15 to 20 years ago. Gerri where would i put my money geographically . Look for a fund that is well managed. One could be the panafrican ill find is one that we look get. Gerri south america is to develop for you . Of america it is a little too developed. Frontier markets are southeast asia, subsaharn africa. Gerri fail, to you, what do you see is the opportunity . A lot of people think stocks are overvalued. There are a lot of overvalued stocks. One of the opportunities, pick and choose those stocks that when they get hit by this as we get right up close to the and there will be opportunity to go in stocks that you have been watching for a while and have maybe not come down. What i would urge people to do is stay with the allocation. Dont let this freak you out and run out and do this spur of the moment. Stay with the plan you have put in place. Gerri in the sectors out there that are shut down proof . I think someone could invest in things like gold ets, silver etf, oil companies, copper stocks, things of that sort that are really going to play upon the global picture more so. At thing that is a safer route to go. Gerri a lot of confidence in commodities . Well, well diversified. It depends upon the commodity obviously in the country. Yap. I think commodities could be. Gold and silver, you are kind of playing for a catastrophe. If something were to go really wrong gold and silver would be a great place to be. As of yet we have not seen them react very much. Gerri words of wisdom. Thank you so much for being on the show. Great job all. Thank you. And now we want to know what you think. Here is our question. Is washington killing your retirement . Log on to gerriwillis. Com. Vote on the right side of the screen and we will share the results at the end of the show. And the federal agency in charge of freddie mac and fannie mae today moving closer to creating a new mortgage body, one that could eventually replace the other two. E new company is designed to consolidate the back office type work already being done. Republicans have been pushing for the elimination of both agencies for some time, and both of those agencies have had to take nearly 200 billion to stay afloat. More to come including a warning to you may send lose the credit card rewds you have been racking up. Next, is the government gambling which your health . New questions. Access to fda decision makers. Stay with us. Bny mellon combines Investment Management nvestment servicing, giving us unique insights which help us attract the industrys brightest minds who create powerful strategies for a countrys investments which are used to build new schools to build more bright minds. Invested in the world. Bny mellon. Customer erin swenson ordebut they didnt fit. Line customers not happy, im not happy. Sales go down, im not happy. Merch comes back, im not happy. Use ups. They make returns easy. Unhappy customer becomes happy customer. Then, repeat customer. Easy returns, im happy. Repeatustomers, im happy. Sales go up, im happy. I ordered another pair. Im happy. both im happy. Im happy. Happy. Happy. Happy. Happy. Happy happy. I love logistics. Gerri pharmaceutical Companies Getting too cozy with their regulators. Emails showing that Drug Companies paying big bucks to send representatives to annual meetings where the fda and National Institutes of Health Officials and academics evaluations of painkiller safety and efficiency. Is the presence putting the consumer in big trouble . With more on this, dr. Nina radcliffe. Great to have you here. This is a kind of complicated story because basically these big pharmaceutical Companies Paying 25,000 each year to be part of a Scientific Panel tt makes recommendations to the fda on painkillers. From the outside i have to tell you, that just seems to stink. Youre a doctor. This is no different than paying to sit down at a blackjack poker table so you can play a rou of cards, you have the added benefit of getting to know the dealers. Gerri you are saying theyre getting insider tips, insider access to the regulators to know what theyre looking for and hopefully to get drugs approved because at the end of the day that is what this is all about. The specific goal is to establish Research Guidelines so that drugs will not be needlessly rejected. With this is more like is moving the goal line so it is easie to score. Gerri it makes me wonder if this is how drugs like oxycontin got on to the marketplace. That has been regarded as highly addiive at a lot of people ask why they put it into the marketplace. Does this explain drugs le that . This is something we need to do some sousearching for. Drugs like oxycontin and other up the prescription drugs kill more people than heroin and cocaine combined. We spend billions upon billions to fight drug cartels, but here theyre doing something a little bit different. Gerri and a little bit more concerned. 25,000, who is pocketing that . Each of the researchers, there are two of them, and they receive 50,000. It gave the rest for research, but what kind of research are they doing . Do you think tha these people will do research that directly conflicts with the pharmaceutical companies . I think this completely stinks gerri pretty much the way they do business. Fascinating, and this seemed like we need an investigation oe can figure out what is going on and if it is actually hurting american consumers. What do you think . We definitely need an investigation. This is a taxpayer fded public funded regulatory agency. We need answers. The reputation has been tarnished. It will take work to get it published back up. Gerri the fda or the conference . The fda. Gerri we have seen lots of problems with the fda. This, to me, its seems like someone should have seen this coming. This conference has gone on for years. It is quite well known. Add a disinformation get out into the marketplace now . I wish this had happened a while ago. We might have saved some lives. 15 million americans every day abuse nonprescription a opioids. Gerri if we got rid of the pay to play, would be the ultimate impact for the market . To we get better drugs . Drugs that are less addictive . To you think that more people would live . Honesty. If the drug is dangerous and should not put it on the market. Gerri unbelievable. Thank you for coming innd having me. People out therere thoroughly shocked, but maybe not too surprised. Not directly regulated. The vitamin industry is booming. According to the cdc, staff of americans take some kind of vitamins, but not all of those bills your popping are beneficial to your health. The list of vitins not to take is tonights top five. Number five, multivitamins. In some cases taking these actually may increase your risk of death. Check with your doctor. Numberour, vitamin b6. The nih ones over exposure can cause nerve damage and recommends sticking with foods that contain. Gerri. Number three, vitamin e. Is very popular supplement may actually increase the risk of cancer if it is taken too often. Number two, vitamin a and beta carotene, and i oxidants that you are familiar with but the benefits have been exaggerated too much. It can be toxic. The number one vitamin you should not take, vitamin c. According to forbes, vitamin c does nothing to prevent the common cold. This is a study done by forbes. Dont ignore your doctors orders. Be careful with your taking on around, as always. Later in the show, the latest from washington as the war of words heats up. Next amelie answer the question how do you do that. The best ways to hold on to the credit card for words. Yes, you may lose them. We will tell you all about it. Gerri spend your hard earned money building of creditcard report points. Dont let them go to gerri use them or lose them. Most likely you have a charge card that gives you some kind of added perk. They are not there forever, and you can risk losing them if you dont know how they work. Joining us now, director of consumer education. So i thought that if i got these reward points they were mine. You are saying ere are ways that you can inadvertently tripped a wire and lose them. You absolutely can. Really important to read the agreement and figure out what the deal is. Then track. If she lay with the payment you can have your rewards go away. You may have to pay to reinstate them. I have one missed payment for whatever reason. All the rewards points that i so carefully put together gone. How much do i have to pay to get them back . Beaten. 35 to reinstate. Remember telling you probably paid a late fee on top of that. The truth is, they do not consider them yours. They are theirs. Your benefit, but you do not own them. Gerri they do expire. Thats right. 65 percent of cash back rewards dont expire. The others may expire in three to five years. I have done this before. A card i dont use that often. I dont use the rewards. This is the time to do it. One with a few points. A gift card for the holidays. Gerri if you close an account you lose the points. Altogether they go away. You lose the points. Some issuers, there will give you 30 days to redeem. You dont get anything for it. Gerri if you forget about them obviously they can go away. If you have a relative who has one of these cards and they die, they lose the points as well. Most issuers, you forfeit the point upon death. I hate to say this, there are a lot of things to think about, but if you have a lot of points you may want to transfer them. Maybe come visit unc. Gerri thats a great idea. There are complicated. The Consumer ProtectionFinancial Bureau says it has gotten over 600 complaints about reward programs in part of it is we are not reading, part of it is the rules and the bass is. If your someone it goes online make sure they check it out. That is led delta did. Gerri there is an ad about there. Who tell us about that . Yes. There are applications and web sites. So watchdog is one of the things you may want to look into. There are new applications coming out. One that will help you maximize reward points. You may just use a spreadsheet. Gerri i use mine for travel. You realize you dont know anything. You spend money that you have already earned. Thank you for coming on. Always good to see you. Thank you. Gerri coming up, the glitch ridden rollout of obamacare as many calling for the lot to be scrapped. We told you so. We have the latest. Senate democrats making efforts to move on the debt ceiling. Will it be any different . The shutdown showdown going on. Stay with us. Ask me what its like to get your best nights sleep every night. [announcer] why not talk to someone whos sleeping on the most highly recommended d in america . Ask me about my tempurpedic. Ask me how fast i fall asleep. Ask me about staying asleep. [announcer] tempurpedic owners are more satisfied than owners of any traditional mattress brand. Tempurpedic. The most highly recommended bed in america. Now sleep cooler with extra cooling comfort on our bestselling tempurbreeze beds. Visit tempurpedic. Com to learn more, and find a retailer near you. Do you mind grabbing my phone and opening the capital one purchase eraser . I need to redeem some venture miles before my demise. Okay. Its easy to erase any recent travel expense i want. Just pick that flight right there. Mmm hmmm. Give it a few taps, and. Its taken care of. This is pretty easy, and i see it works on hotels too. You bet. Now if you like that, press the red button on top. How did he not see that coming . Whats in your wallet . Fox business studios in new york, hereeagain is gerri willis. Gerri and other fox business alert for you now. The new 100 bills are getting their big debut tomorrow. The Federal Reserve has not been affected by the government shut down and will have armored trucks delivering the bills to banks and other financial restitution is across the country. The bills will have a variety of hightech features to stop counterfeiting. It took ten years for them to be developed. You could have them in your hand as soon as tomorrow afternoon depending upon how close your bank is to a regional federal resee bank. Thats pretty cool. Well, capitol hill escalating today. Day number seven of the government shut down, and no sides backing down. Joining me now lives with the very latest, senior Political Columnist for the washington examiner. Great to have you on the show. Sent you for having me. Gerri i have to start with some sound of what is supposed to be our leaders talking about this very issue. What i have said is this, making sure that the United States government pays its bills is not negotiable. The president is risking default by not having a conversation with us. We have the majority leader in the senate that seems unwilling to sit down and work out our differences. No matter how many bytes republicans take at the apple there is only one bill that ensures every federal priority is met. Gerri come on. Are these guys serious about trying to find a solution . This seems like more posturing and nobody is really looking for answers. Right now they are not even really talking about passing a big bill to find the appropriations. When i talk to republican and democratic staff, theyre talking about shortterm bills, whether they it will allow for the funding ofhe veterans administration, whether theyre going to offer the funding for the government for a couple of weeks. There is nobody interested in trying to put up and pass full year Appropriations Bills for the next year. It used to be that they would pass them by the time this summer was over in the year before. Now they are talking about shortterm limited appropriations. No one is aiming for a big solution. Gerri unbelievable. What is the next shoe to fall . We have the debt ceiling, all of these problems stacking up. I just of see the wil to get anything done. What do you think will be the next shoe to drop . The debt ceiling very much complicates things, but over the appropriations spe