New round of air strikes in iraq after bombing islamic militants early this morning prompting the faa to ban u. S. Flights from iraqi airspace. Check out the markets. Not what you would have expected. Investors appear to be completely unfazed, all three major indexes in the green with the dow and the s p 500 posting largest gains since march 4th of this year. So is your portfolio out of woods . Jonas max ferris is here with important you need to know. What do you make of what you saw today in the markets, jonas . You know, it doesnt seem the conclusion would be, but at the end of the days, this kind of political stuff doesnt hurt the markets as much as financial crisis. We havent seen a financial repercussion just yet, maybe a bank in russia failing because of sanction that led them not being able to get money. Rates skyrocket in certainly countries. Youre seeing Interest Rates lower not just in america but other countries. Investors are not taking money out of markets. Theyre adding more money to foreign markets than u. S. Markets which is counterintuitive. Interesting too for the u. S. Market today, you saw when the news broke that russia was backing off and things were easing up between the ukraine and russia that the market took that as a reason to buy. The low volume situation, so how much can you really believe the numbers that you got today, right . Its been weighing on foreign markets. In our market for the last few weeks, a little early, russia keeps going back and forth into the news and its going. I dont think this is all pile into russian stocks which around as cheap as you think. Youre the guy to ask. You actually did business there. You probably know it better than anyone. I owned part of a russian fund in the late 90s when no one wanted to invest in russia. An etf in russia will fund over a million dollars. With no real negative reason you cant get any money into the funds. Today theyre invading other markets, emerging markets are going fast. Multiyear underperformance by all emerging markets especially russia, and news is scary, argentina with debt problems and thats where the money thinks thats going to outperform the u. S. Market over the next ten years. If you look at whats happening with u. S. Corporations, were in the middle of earnings season right now. 68 beat estimates, maybe you are not surprised by that. If you look at gap, coach, the companies are doing great. Purses, shoes, thats all selling. I guess investors think bombs are going off overseas but the u. S. Economy is in good shape. There is no Good Alternative to run to the earnings are good, the Tech Companies are doing good it seems tempting, 5 money market or cd, the alternative is sold protection against crisis, gold, commodities, inverse funds. You go down the line if it was sold as a protection, it is a disaster. People are starting to realize that finally. We havent had a correction since 2011 and you kept hearing were going to get a pullback, do you think this is it . Banking on this . Today aside, friday aside. I dont know if its going to get as bad. Greece looks like the financial crisis where it could spiral to other bank. I dont know if it is going to go that direction. If most of your money is in bond us and see problems in the countries that are financially resulting from this, you see the cascade happen like in the late 90s with the asian contagion, you lose 10, 20 in the emerging markets. Customers are comfortable with u. S. Markets, thats where the money is flowing, thats a good point. A lot of our viewers when equities started to pull back, everybody went into cash. If you look at number one holding of money in the u. S. , its cash number one, real estate number two. Theres not as much there is actually more in money market funds earlier this year, there hasnt been a run to this because of people between whatever investment trade, but in general, its not like the 09 when everyone was panicking and going into money market funds. This week was like 10 billion, which is nothing, and in general, someone going to longterm government bonds. You have seen Interest Rates go low or government bonds, but definitely hasnt been a retail panic, maybe more institutions jump on, i would agree with that trade, i dont think higher risk debt is a great place to be in this environment. Things are piling up. You are a great guy to talk about this, and you had russian experience for years. Who knew . Jonas, thank you. Fox business alert with, two new recalls to tell you about, first off, more trouble for gm, General Motors is recalling a group of suvs for a third time to fix power window switch these can catch fire. Problem so serious that gm is telling customers to park the vehicles outdoors until they are repaired in case of a fire. That will be a while down the road since parts are not ready until october at the earliest. The automaker ordered dealers to stop selling the suvs as used cars until they fix the issue. This recall covers about 189,000 vehicles from 2006 and 2007 model years. Vehicles infected include the chevy trailblazer, buick rainier and the saab 97 s. Im not done, theres more. The automaker announced host of new recalls adding to 29 million so far this year including more than 200,000, 20022004 saturn vues, ignition key can fall out while the car is in motion. And buick encores, the seat belts dont keep the passenger in place. You cant make this stuff up finally moving from the garage to the living room, vizio is recalling a quarter of a million eseries l. E. D. Flat panel tvs because theyre falling over unexpectedly. This recall involved 39 and 42 tvs sold between december and june of this year. No injuries reported but another recall to tell you about there. How about health care for 4 . That is the latest walmart promise to customers. The retail giant today opened another primary care clinic. They now have six in the country with more on the way. How does this work . Is this a good idea. Joining me is abbott croy, you can eat at walmart, get socks at walmart. Now health care at walmart. Do you like it . The bottom line with health care in america, the thing everyone complains about is that its too expensive. Who do you want to disrupt the Health Care System in this country . Gerri walmart. Exactly. A lot of us in the Health Economist community are excited about. This they can deliver that low cost. I want to be clear here, theres a couple things that are interesting. You walk, in see a doctor, but you see a doctor for 40 bucks but theyre not taking Third Party Insurance, if i go to cvs or walgreen, they have the walkin clinics. But my insurance covers it. Why is walmart choosing not to take Third Party Insurance . They are take medicare and medicaid which are third party insurers. Theyre not taking private insurance. So if youre getting insurance from employer, unless its walmart. People with Walmart Health insurance are getting covered through the 4 plans like you said. Its going take more time. Because the billing practices is different and theres a lot more i. T. Involved. Eventually theyll get there, its sim toll take the Big Government programs first, its a relatively straightforward billing process, its simpler from a bureaucratic standpoint. Im going to go walmart, im going to get a flu shot, socks, popcorn, wouldnt that strategy kind of play into why theyre doing this . Theyre getting the customer in there, i got a headache and buy advil and whatever, and you end up walking out after your doctor visit with 50 worth of stuff. Thats part of it, another part of it is walmart has a huge presence in rural areas where physicians arent located. Theyre strategic and smart about. This theyre investing these clinics in areas that arent well served by primary care physicians. Interesting as well. Theyre only in texas and theyre in South Carolina. Whats interesting about that, and the reason i bring this up, two states that expanded medicaid. Have not expanded medicaid. Have not. Is that part of the thinking why theyre choosing these particular states. The biggest low income population that doesnt have health insurance. Texas and South Carolina is another. And there are also states with rural areas walmarts presence in Rural Communities is a strain. Carrollton texas is a suburb of dallas. The other cities are smaller areas. But you know real quick, do you think that target and other stores are going to follow . I think over the longterm, yeah, but walmart will be able to build up a presence, theyre going to learn, theyre always the best at optimizing these things and optimizing in a low cost way how to get the products and services to be as competitive as possible. Id bet on walmart over target. Another story for walmart. We want to know what all of you think at home. Heres our question for you tonight. Would you go to walmart for medical care. Log onto gerri willis. Com, im going to share the results at the end of the show with all of you. A lot more to come during this hour, including your voice, your voice very important us to, during the show we want you to go facebook, tweet us or. Forget the tips and trick, some changes on the way that could bump everybody up a couple of notches. Its a good thing. Stay here dont move be right back. Shingles affected me tremendously as a pilot. The pain in my scalp area and down the back of my neck was intense. It would have been virtually impossible in that confined space to move to change radio frequencies. I mean it hurt. I couldnt even get up and drive let alone teach somebody and be responsible in an airplane. As a pilot that meant i was grounded. Easy like monday morning. S sundays are the warriors day to unplug and recharge. What if this feeling could last all week . With centurylink as your trusted partner, it can. Our visionary Cloud Infrastructure and Global Broadband network free you to focus on what matters. With Custom Communications solutions and dedicated support, your business can shine all week long. You knso i get invitedpeople have saved with progressive, to quite a fewfamily g. Heck, i saved dith here a fortune you make a mighty finesus, ml. Im nosaying marks thrifty. Lets just say, i savehim 519, and it certainly didnt go toward that ng. Am i right [ laughs [ dancmusic playing ] so visit progrsive. Com today. I call this one the robox. Its about to get a lot easier for people to get a loan or a lower rate. You also may be able to boost your credit score. Fico is tweeking the system. We brought this to you last night. Credit score wont be affected by unpaid medical bills or overdue bills you have already settled. John from credit sesame. Com is here to explain. Lets talk about what this means. They are making it easier to basically get your credit score back in line. Is this going to happen tomorrow . Next month . Next year . When do we see this program taking place. Dont hold your breath. The new scoring system will be introduced and commercially available in the fall of this year, it takes several years before lenders gravitate off of the lower versions to the Newer Versions and achieve Critical Mass. Current version thats being used was actually implemented in july of 2009. Its five years old. It takes some time before you see a large volume of lenders move to the newer system. I would think that lenders in particular that are anxious to make loans because especially with banks because they can earn interest and make money off of the customers, i would think they would move a little quicker, no . That makes perfect sense, it takes a lot of its not reality. Makes sense, not going to happen. The reality is it takes a lot of time and money to study the changes a new scoring system is going to mean to any lenders bottom line. It takes time. In the mortgage environment fannie and freddie prevented the entire mortgage industry from being on the now current version of the fico scoring system. When the newer version comes out in the fall, mortgage lending will be based on a model two generations old. We may be having this conversation in two or three years, and the new system may not be used in mortgage environment but may or may not have Critical Mass in the credit card and auto environment. I want to show viewers how fico score is broken down. You look at payment history, you can see that the biggest thing here, amounts owed, another chunk of it. Length of credit history, new credit and types of credit used. But also if you look at what a score should be, and again a lot of us dont know this, i do, they dont. 750850 is excellent, right . If you look at mortgages right now, you know 740 is the 729740 is good. In this country, the average score is 692. The average fico score is fair and barely. Doesnt this tell you this motivates not just fico but banks to reevaluate how theyre going to lend. If cant have the middle american in there that has the fair credit score a loan, thats a big problem. Controlling default losses. Sure, they can all lower score cutoff requirements to 650, 600 and let in this deluge of customers but losses skyrocket. So generally banks are very deliberate when moving those score cutoffs up or down, they dont want to cannibalize revenue to take on new risky borrowers. Its not as simple as swapping one score for another and say cut off number by ten pointose customers they want. Really quick does. This help americans get loans. A lot are trying to get loans does, this help . Its not available yet. When it does become available it doesnt help the lender who is trying to use it. This is for a person who has a Credit Report but for medical collection or other collection they are unable to pay. Yes, you will see scores go up and may not only get approved but much more competitive terms. How can i boost my score . Top thing. The most actionable way is pay down Credit Card Debt is the best way. If americans can get jobs, maybe that would happen. John, thank you very much. Good to see you. Likewise, thank you. Coming up in half hour from now, were going to have the latest move by the government to change the rules surrounding student loans. Another big chunk this American Kids are dealing with. Later on in the show, well head outside for summer grilling ideas. You know what . Its hot outside, lets grill. Next, the eye of the storm hitting hawaii with a bigger hurricane trailing close behind. Were next to the aloha state when we come back. [ male announcer ] this is the age of knowing what youre made of. Why let erectile dysfunction get in your way . Talk to your doctor about viagra. Ask if your heart is healthy enough for sex. Do not take viagra if you take nitrates for chest pain. It may cause an unsafe drop in blood pressure. Side effects include headache, flushing, upset stomach, and abnormal vision. To avoid long term injury, seek immediate medical help for an erection lasting more than four hours. 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New College Graduate and retiree discounts. You could even get a discount when you add a car. Call Liberty Mutual for a free quote today at see Car Insurance in a whole new light. Liberty mutual insurance. A wildfire burning in oregons river gorge is threatening 100 homes. One home destroyed with two others damaged. Resident have been told to evacuate. The blaze covers about five square miles and continues to spread despite the efforts of more than 400 firefighters that are battling that blaze right now. We are tracking more tropical trouble for the state of hawaii. Hurricane iselle has been downgraded to a tropical storm, the storm packing a punch with strong winds and heavy rain. Will carr is there with the latest on ground. Will . Reporter hi, gerri, it was downgraded, the storm pounded this area overnight. And right now there are still 20,000 people in this area who dont have power but they are making progress slowly but surely. Let me show you behind me. Couple hours ago, a huge tree with massive branchs across this street. We saw guys come in with massive chain saws. They cut right through it. And moved to the next street because literally in this area street by street there is debris, trees all over the place. Businesses and home owners did a pretty good job of preparing for the worst. They boarded up windows and it paid off. We havent seen a lot of damage to businesses and there were no injuries and no deaths which is very good. Now all attention is turning to julio supposed to come sunday and monday and may go north. I can tell you residents here are very worried about the potential of another storm tracking and coming through the area, especially after what happened last night. Biggest concern is more damage and rain to the area which is saturated over the last 24 hours. One resident says if anything bad does happen with hurricane julio, they will come together with the aloha spirit and push forward to make sure they can continue forward, gerri . Its cheryl casone, im in for gerri tonight. Do you feel they were prepared . Because one of the things with regards to hawaii, three major storms since 1950, and theyre not used to this. This isnt florida. This is hawaii. When you got there, did you get the sense they were ready for this . Well, and my mistake, cheryl, we have gotten a pretty good sense that they were pretty prepared. They told us that going in, and there were skeptics, but so far we havent seen any damage or loss of life. So they tell us that they knew what was coming, they pr