Transcripts For FBC The Willis Report 20140827 : vimarsana.c

FBC The Willis Report August 27, 2014

Gerri we begin tonight what are reports about Russian Hackers breaking into the Computer Networks at Jpmorgan Chase and at least one other american bank. The attack happen ad few weeks ago but were just learn about it now. The attack were told a loss of gigabytes of sensitive information. Not clear exactly what that information was. However the breach is being called significant. We have teresa peyton, white house chief information officer. She is author of privacy in the age of big data. Welcome back to the show. Sensitive data, what does that typically mean . What did the Russian Hackers get away with . At this point we have more questions than answers. Banks are under attack all the time. I used to work in banking. This is plausible a ploy from terrorism perspective, or might be a very owe fist indicated cyber criminal ring. When they take data im wondering if it is Customer Data or really truly sensitive and confidential information around the banks and bank systems and other information like that . We know Jpmorgan Chase has Something Like 23 million american households who use their services. On the other hand if it is some other kind of attack that would be unbelievable. Were at a low point in the relationship between moscow and washington. What would a statesponsored attack look for if that is what youre suggesting . A couple things they could be looking for. They could look for conversations between top executives and political officials in this country. Russia and other countries targeting american interests, whether intellectual property or targeting us politically we would be looking a at conversations in addition to any type of data. It may not be runofthemill im stealing identities and money. Purely for intelligence and economic espionage type of play. Again we still have more questions than we have answers. I was going to repeat that because these are initial reports. We dont have facts and figures and we dont know if they got money. There have been hacks at banks before. Bank of america. People tried to hack chase before. Do you think that banks have best protections in the country of institutions . The banks take very seriously protecting Customer Data and money and candidly economic interests. Where the banks go, the markets go, businesses go. This could be a byproduct of our weakened relationship with russia. How that can hurt us. Banks focusing protecting our data against these breaches, they are constantly monitoring their own networks as well as looking out also in the wild looking out in the wild, setting out honey pots and traps to see who takes the bait and understand the adversary a little better. That is so fascinating. A lot of banks are trying to get hackers to come after them with goodies they put out themselves to catch them and bring them to justice but i have to tell you this may be a different kind of hack in the past if it is just another hack, what should americans do if theyre clients of Jpmorgan Chase . You bring up a good point. If youre a client of Jpmorgan Chase or any bank you have to take responsibility for your own security and safety. , one of the things i represent, you sounds simple, give email between yourself and just your bank, so if that email address compromised you know you may have issues with banking relationship. Second piece set up automated alerts, Text Messages or emails letting now know balance on your accounts and transactions on your accounts. Then the third, if you are a commercial business, you do need to understand that the Electronic Fund transfer act does not cover you if your account is breached. You need to talk to about your bank caution to protect your financial data. Gerri at a very minimum, American Consumers with banking relationships with american institutions go online, checking their accounts and make sure there no illegal activity. No activity that would seem to suggest somebody is taking their dough. Im just saying. We dont know all the details. Were just learning. Ounce of prevention is worth a pound of cure. Yes. Gerri theresa, thanks for coming on tonight. Thanks for having me. Gerri now were delving into the multibilliondollar drug business where many consumers could be getting tricked into restocking their drugs too soon. Data suggests that many medications have a hidden shelf lifelong past Expiration Dates you see printed on labels. How can you know for sure without putting your risk health at risk . We have lisa from Consumer Reports and dr. Manny alvarez from the fox medical ateam a Dynamic Panel to work with it. Lisa, how long are the typical shelf lives. I have a couple bottles here. What are they typically recommending that you do . Expiration date is guaranty of the manufacturer of potency of a drug. Tablets, capsules, very common medications you find in medicine cabinet at home, we recommend you can go 12 months past the date you see stamped. I say for life saving medications like insulin and perhaps epipens an things, you might want to stick with the Expiration Date. Gerri dr. Manny, youre in this. Tell awe quick report. Wall street journal had a story. Study conducted by u. S. Military. They were selling millions of medicines didnt know what to do with it this. Was medicine sitting there for 15 years. It was still good. 90 of it was still good. So, one years, two years, three years, especially overthe count products, keep them in safe place, something that moist, not overheated, those things will last you forever. Gerri here are the numbers, 88 of the drugs tested by the fda, this was a cache of drugs the Department Defense had. They were trying to figure out should we throw them out or buy new once. Billions of dollars. Gerri they found you could have kept those for five 1 2 years. Some drugs you can keep past that, 15 years. There are certain medications like you said, liquids, injectibles. Sterility of need des, that goes by the wayside after certain time. Certain medications like at the time throw sigh clean. That is one antibiotic for a long time, because it can give you kidney damage. For everything else, heart pills, anything with heart pills, whether lipitor or tylenol or an aspirin, the shelf life really means diddly squat. Means diddly squat. What is interesting about this, the federal government requires that you publish one, that you have some kind of Expiration Date. This is not only about the government. This is also about the consist companies. Bayer came out and looked at this, bayer ceo said aspirin can be taken post the Expiration Date. For them, marketing an packaging. Market something important. They changed look of bottle, can colors, lettering. That is important to keep the consumers selling drugs. Same thing with the packaging. Weve gone through a lot of revisions when it comes to overthecounter medicines for safety reasons. Aspirin bottles of 1970s for kids safety have changed. With time, again you need to get rid of those. Gerri get lisa in here. This is a complicated thing. Right. Gerri people dont necessarily feel comfortable not paying attention to Expiration Date what if i have a heart condition . Right. Gerri what if i need epipen allergic to coffee what do i do then . Real issue, the fda study is in perfect world. But in the real world, people put medications in medicine cabinets in bathrooms or in kitchens where it is really moist and drugs can break down. So what youre, what you may experience is, maybe not as effective. Or too long, pills stick together. It will not be perfect study. We agree it is good study and interesting to see how they did not break down. Gerri you say keep the drugs 12 months. Dr. Manny what do you say. I say, number one, with prescription medicine shouldnt have leftovers. Gerri but not all the prescription sometimes were talking about stuff like this. Two or three years, if it is kept properly of course. Now. As you said it has to be proper storing of medication. Again liquid form things, that we are, it may break down, heart pills. For the most part, you know, prescription drugs you shouldnt have anything leftover. I recommend you throw them out. Dont need to take them. You can create an accident. Number two, Expiration Date, two or three years especially for things not essential. Gerri big business of drugs. They like to put the super short Expiration Dates. 329 milliondollar business for drugs you buy at pharmacy, overthecounter,3 billion. 329 billion. Thanks so much for being with us tonight. We want to know what you think. Here is question tonight. Do you check the Expiration Dates on your drugs . Log on to gerriwillis. Com. Vote on the righthand side of the screen. I will show results at the end of tonights show. I will have a lot more to come this hour. Including your voice. During the show facebook me, tweet me, gerriwillisfbn. Go to the website and email me right there. At the bottom of the hour i will reed your tweets and emails. Finally good news, more jobs coming to america. We have gm to thank for it. Wayne rogers joins me after the break with the details. Stay with us. How about over there . What does it mean to have an unlimited Mileage Warranty on a certified preowned mercedesbenz . What does it mean to drive as far as you want. For up to three years. And be covered . It means your odometer. Is there to record. The memories. During the mercedesbenz certified preowned sales event now through september 2nd, youll get complimentary prepaid maintenance and may qualify for a twomonth payment credit. Only at your authorized mercedesbenz dealer. Grew 1800 American Auto workers know they have a job tonight. Cadillac is moving the Assembly Line for their bestselling model back from mexico, big news. The 2016 cadillac srx will be manufactured in spring hill, tennessee. Now that is despite the generally lower wages south of the border. Talk to us about what it means. Were joined by wayne rogers, from wayne rogers and company. He is also a fox news contributor. Wayne, great to see you on the show. Thanks for coming on. Good to see you, gerri. Havent seen you in a while. I mean like this. Gerri i know. We brought you on for a good news story. I think anytime you can say the jobs are coming back to this country from mexico for goodness sakes, in Auto Industry to boot, that is good day. What do you make of this news . I think you say anytime jobs coming back to the u. S. From anywhere in the world it is good news. Great example there was Garment Center in new york city. It doesnt exist anymore. All of that went overseas. Automobiles went overseas. We have attracted foreign automobile workers for here. What is good about this, in 2011, gm and union got together, in case of instead of exploiting each other they got together and made a two plus two equal five thing because they decided that gm decided it was better instead of giving better wages, share profits with them. The union embraced that. It was a terrific move. So a lot of that turned the Automobile Industry around. Gerri this is great. It is interesting that it is cadillac. Because this particular model is business selling cadillac. Why are they doing this because americans are good workers . Tern see is a great place to build cars . Are they getting incentives from the state . What is the choice in your view . I think it has to do with the whole relationship with the union. Union gives them breaks to do this kind of thing that will lower costs, lower wages that. Will come back to them. Oldfashioned principle in free market society. They have incentive. They have incentive to make more profits because workers will share in those profits. So they are going to be, Pay Attention to what they are doing. Gerri that is whole new world. That is whole new world for the unions. Oh, yeah. Gerri great news, frankly, for american workers. If youre growing to be competitive, that makes all the difference in the world. Things like this happen. So this means, this particular plan is going to be working again because the spring hill plant was closed down, right . It was absolutely doing nothing. It was an old saturn plant. Gerri right. When gm stopped making saturn, that plant became superfluous. They had the plant there. Had investment in the plant. Theyre bringing, they will make other cars there. Thats great. Gerri so do you think it will make a difference to buyers, wayne that these cars are being made here in this country . I dont think so. I dont think the buyer cares. He is interested, in the same position as everybody else. He is, inspired by a free market economy also. He is saying, listen, if there incentive to by this car or that car and i favor this car, he is looking ultimately at price, looking at price and performance but mostly price. Gerri everybody is look at their bottom line, right. Im curious how much pr optics might have to do with this thing. As you know,gm has sword of damocles over their head with all the recalls. One piece of bad news after another. And this is a ray of sunshine in all of that. Well, it certainly helps. And, the more, you know, there is Something Else going on here too, gerri. All the people who supply parts to gm and ancillary businesses around this plant, there will be five other plants that are going to be affected by this also, that are going to make other things. So its good. Gerri so, restaurants, real estate you name it, ripple effects throughout the entire region. Other parts will be made as well. Wayne, thanks for coming on. So good to see you. Good to see you again, gerri. Gerri later in the show, is bigger really better . Rumors swirling that the new ipad will be even bigger than the last. Is that what Consumers Want . Well discuss. Pehabits of cleaning theirld dentures with toothpaste, and dentures are very different than real teeth. Theyre about ten times softer and have surface pores where bacteria can grow and multiply. Polident is specifically designed to clean dentures daily. Its unique microclean formula kills 99. 99 of odorcausing bacteria and helps dissolve stains, cleaning it a better way than brushing with toothpaste. Thats why dentists recommend using polident. For a cleaner, fresher, brighter denture everyday. Gerri for many it is all about the jumbo. According to reports apple is about to launch its biggest ipad ever next year. With more on this, we bring in ari zolden, sorry about that, ceo of Quantum Networks and Technology Specialist in his own right. Why do we need another of these . We were fighting about it. Tablet, blablet. Bigger screens, smaller screens. Too many choices. This is my independednt pad. You can see less than 10inches here. Imagine having 13inches will be width, length, how you describe it. Turn it any way you want. Why do this . What is there to compete with at end of the day . Going headtohead with the surface. Gerri microsoft theyre begging for Additional Market share. There are too many products. There going large to small, rectangular, square, triangle. Gerri this is triangle. Not yet. Not yet. I think there are too many choices right now. Think, this new one coming out, i bet nonstarter. Gerri you bet it is nonstarter. Tell you, tablet sales going down each and every quarter. Will this save the business . No, absolutely not, no. Just too you have too many options out there. They love their mac. Love their laptop and love their smartphone. The smartphone screens are very readable. Gerri talk about the iphone 6. You brought up smartphones. Should i trade in the phone now thinking to get iphone 6 later . Is now the time to sell it . No. Gerri why . 98 of the things you done on iphone does, iphone 6 does and iphone 7. A way to make money. Gerri what if i like the upgrades . When do i get best price on old phone that is my question. Wait another two or three months. Apple again, i do love apple, talking about it before. I believe in the product. I believe in their brand. They have to start focusing. Gerri do you expect iphone 6 tock breakthrough . It will not be a category disruptter. I think another product they will add to their product line. Gerri if there was one thing apple could do for you, some improvement, some new technology, that application would make your day, what would be . Open source. I love what google done with android and what android has done with google. I think opening theirtheir operating system would be great. Gerri thanks. My pleasure. Gerri we have recalls to tell you about. Hewlettpackard is recalling five 1 2 million notebook ac power cords in this country and half million in canada because they could be a fire hazard because of possible overheating. There have been 29 reports of damage, include two claims of minor injury. The black ls15, ac cords came with hp and compact notebooks and mini Notebook Computers an adapter powered accessory kits. A mouthful. They were sold from 2010 to 2012. If you want more info. Want to know if it affects you go to hp. Com. Thanks to spiders, suzuki is recalling 19,000 midsized cars. Say that. Spider webs can clause fuel vapor event hose in 2010 to 2013 models cutting air flow. Could cause air tanks to defor and encause fires. There were seven reports of problems but no injuries. Suzuki says owners are notified by the end of the week and were telling you right now. Coming up how an app save ad mans life. The victim and his savior will join me. Stay with us. Gerri consumers cannot get a break. A Major Airline pulling its flight listings from one of the nations top travel booking sites which will make it harder for fliers to find cheap seats and compare prices. We are looking out for you tonight with the ceo of fare compare. I want to start with this idea of them pulling out. Why . Well, it is a contract dispute or because a middle man selling tickets

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