Country. The reverend Steven Carlson is here to tell us why he is going after Jpmorgan Chase. Live a better life today. The author of a groundbreaking new book is here. What the over 65 crowd can teach us about family, love and money. All that and more coming up on the willis report where consumers are our business. Gerri we begin tonight with stocks in free fall. The dow dropping 291 points almost 300 points. Look at that, after a batch of bignamed companies missed expectations. Wall street also reacting negatively to u. S. Durable goods orders which tanked in december. So why isnt obamas highlytouted recovery showing up on Company Balance sheets or consumer wallets . Were asking our allstar panel. Steve moore heritage foundation, grover norquist, president of americans for tax reform and fred barnes editor of the weekly standard. All bang up panelists. Steve, i will start with you. What happened to this muchvaunted recovery . Caterpillar, microsoft dupont, p and f, across the board all kind of sectors all these Companies Reporting down earnings. What do you say with what is going on with the economy . I would say, perhaps Gerri Barack Obama did the icky shuffle in the end zone a little prematurely last week when he talked about the how great the economy is doing. As you though i think we switched to a faster gear on the economist. I think were growing closer to 3 . I have to say this is a real set back. The thing that disturbed me more than poor Earnings Reports that came out today was the durable good orders falling because that Means Companies are starting to retreat a little bit and thats been, if you look at the American Economy over the last five or six years thats been the pattern. Every time we start to show signs of life we retreat again. Gerri really a barometer of corporate health, that number, absolutely true. I want to turn for a second what is growing on going on with incomes. Interesting report from ed lazear, used to work in the white house a couple years ago he said couple sectors completely retrenched, highpaying sectors Like Health Care and banking. What does that tell you what is going on with this economy. Makes a very interesting point. That the sectors that are not hiring more people, that are higher paying are the ones most damaged by obamacares implementation in the Health Industry hospitals, and so on and doddfrank and all of our focus on the damage that obamacare has done and is doing we havent spoken and focused enough about the damage and destruction of highpaying jobs by dodd strange the mega doddfrank megaregulatory regime for financial institution. Banks all over the country have gotten killed by this thing. A lot of those jobs belong to Community Banks that serve small community. Fred, i want to get you in here. New numbers out from the cbo saying that obamacare will cost each and every american 50,000 bucks. How can this be true . Obamacare is expensive. That is how it can be true. Remember the numbers that the president and everybody who helped him sell obamacare turned out to be wrong almost immediately and where is the 2500 that he have family was going to get as a reduction in their health insurance. Gerri right. The price of health insurance, it was all wrong. The problem with the economy is that, it will have some blips upward, but all the things that are restraining the economy, all the policies of the Obama Administration remain in place and he wants to make them worse. He wants to raise taxation on capital. He wants to raise the Capital Gains rate. Gerri absolutely true. Tax on dividends and so on. And whenever someone proposes to ease the burden by changing the way the Financial Community is regulated or by some change in obamacare, like making it, you have to work 40 weeks to be a real fulltime employee to be subject to it any change, the white house goes crazy in opposition. Gerri i want to bring grover in, were talking about a 50,000 number from cbo you say that may not be right . Yes. Because the cbo report doesnt score 15 different taxes. Remember in obamacare there were 20 taxes inside of it. It really was a tax bill sold as a health bill. 15 taxes. Tanning tax and some taxes on investment, the tax on charitable hospitals. Those taxes just arent covered by cbo and people wonder why economists are unhappy with cbos track record. They left 15 taxes off. Gerri unbelieverrable. Steve, fascinating study that want you to comment on. There is a new study out showing that texas is singlehandedly responsible for all the net jobs in the economy. How can that be true . From 2007 through the end of 2012 texas, texas created more jobs than the other 49 states combined. Rick perry pretty good story there to tell, doesnt he, gerri. Gerri the republic of texas. They dont look to washington so say, thanks so much for the help. Right. Obviously this is driven by the energy boom that happened in texas. Texas has nearly tripled its oil and Gas Production the last several years. Just the result of the fact, if you read my book, gerri, on the wealth of states, texas just does about everything right. They have no income tax. They are a righttowork state. They have a light touch of regulation. All of those things bringing jobs and bringing capital and businesses into section sass. A million 1 2 people just one statistic, a million 1 2 people left california more than come into california. If you go to Texas Houston san antonio, you will see a lot of california license plates. Gerri apparently airlines are changing holiday schedules because of exactly what youre describing here. Seriously, it is fascinating. Fred, before you go, i want to ask you this, we have the Federal Reserve meeting this week. All eyes on the fed. Are they going to raise rates given the news we had out already this week . What do you think will be their attitude . I am not a great fed watcher but i think they know the economy is not growing that well. They can assess it honestly. I would be surprised if they raise the rates. It is clear when the fed withdrew stopped its quantitative easing, that that at least hurt the stock market because it what was jacking the stock market up so much well see. The fed plays a big role here. Gerri guys, steve grover, fred great job. Interesting stuff. The beat goes on. I cant believe were not Getting Better economic numbers. Thank you so much. Take care. Gerri we want to know what you think. Here is our question tonight and question of the day, are president obamas economic policies helping or hurting americas middle class . Log on to gerriwillis. Com vote on the righthand side of the screen, i will show the results at the end of tonights show. Apple you heard of course releasing earnings a short time ago. A big big, big quarter. Apples profits hit a record high of the Holiday Shopping season certainly helped. It sold the most iphones ever. Jo ling kent with the details. Jo ling, they beat on almost every metric. How big was this quarter for apple . It was absolutely huge and a lot of American Consumers bought phones and helped apple along. They sold 74 1 2 million independednt phones. To give you a sense how big of a beat that was analysts were only expecting about 65 million iphones to be sold. And Mac Computers were a record as well, coming in at 5. 52 Million Units sold. That was another alltime record for apple. And heres the thing, gerri apple made 18 billion in profits. And just to put that in perspective for you, that is reportedly the most any company has ever made globally in one quarter. It is massive. Gerri that is astonishing. That is just amazing, jo ling. We forget how big some of these companies are especially apple, a true Consumer Company that has everybodys attention. Did they have anything to say about products . All consumer eyes focused on it phones iwatches . Any element you can tease out of that Earnings Report . We actually got no real indication about the apple watch which clearly a lot of peoplerying this about reportedly coming out in march but we did see a disappointing number on ipad sales. Actually disappointed yet again. This is a trend weve been seeing. What is so interesting is, if you compare the iphone 6 plus and its huge popularity it seems potentially that the iphone 6 is cannibalizing some of that ipad sales that weve been thinking would eventually expand. So were seeing a drop there, gerri. Gerri jo ling kent, thanks for staying for us. Appreciate your time. Thanks. Gerri we have more more more to come this hour including advice for more than a thousand Older Americans on life and love in a groundbreaking new book. 2015 snowmageddon, more hype than snow. How did forecasters get it wrong . One forecaster comes on to tell us next. Tweet me gerriwillisfbn much send us an evident mail through our website, gerriwillis. Com. Well be right back. The lightest or nothing. The smartest or nothing. The quietest or nothing. The sleekest. Sexiest. Baddest. Safest,. Tightest,. Quickest. Harshest. Or nothing. At mercedesbenz, we do things one way or we dont do them at all. Introducing the allnew cclass. See your authorized mercedesbenz dealer for exceptional offers through mercedesbenz financial services. Gerri the big blizzard bust. Forecasters predict ad storm of the century shutting down road and bridges and flights in the city that never sleeps. Today new yorkers are scratching their heads why the snowstorm never came. Why were the forecasts so far off . Were bringing in fox news meteorologist janice dean. Welcome. I want to show you. Look at you. Dont shoot the messenger. Gerri oh, good. I know were friends. We like each other. Gerri i know you work hard. I see that every single day. I know. Listen, i want to ask you this question. You have people that forecasts stocks. Gerri no i want to know this. My husband brought this up to me. You have people that forecast stocks, are they ever wrong . Gerri so were not talking about stock forecasters tonight. Were talking about weather forecasters. What a dodge. Okay. What happened. Seriously, what happened . If the storm is epic in new england. We missed it by about 35, 50 miles. Okay. When you have a storm 500 miles wide and you miss it by 35 to 50 miles to the east, that is actually not a bad forecast but the fact that it missed the biggest city in the land thats why were focused on this listen, i will admit, 20 to 30inch snowfall in new york city, that is enough to get he had headlines. Thats what we were predicting two days ago. I feel like youre yelling at me. I apologize. Gerri i know you have taken a lot of heat today. You know what . Gerri i want real details here. Reality is you guys are a range of forecast, right . Right. Gerri there are range of models out there. You guys pick one. We have a few of them. Gerri how did you get to the one that wasnt right . So usually the european model, not the like, european model but the european model forecast that we looked at that predicted sandy Hurricane Sandy so well, that has been a really good forecasting. Gerri you guys rely on that. We rely on that. There is a new forecast model did, the gfs model they invest ad ton of money into this new american forecasting model. Gerri right. It actually turned out to be the most correct model but in the past it has been okay. It has been, doing fine, along with other forecasting models but the euro has been sort of the topnotch. Gerri standard. Gfs was right on the money. We were nervous to go with that. Gerri it was sort of a onetwo punch. Forecasters did their job saying it would be a massive blizzard, right . By the time it got to politicians, right, if we see you on the street well put you in jail for five years and sentence your children to hard labor. It got out of control the governor, the mayor, they were like fines for people who were driving that night. It justjust became, i think, out of control. I dont know who is advising them. They obviously took the forecast that 10 to 20, even 30 inches of snow in new york city and they wanted people to be safe. I get that. Thats my job, to make sure that people are safe. So we give you information that we have to provide you schools teachers mayors, to do what they think is right after the forecasts. Gerri but thats their responsibility, not yours, right. It is. Listen i will take i feel the worse for is local forecasters. They do hard work. Tomorrow if you see a forecaster, you hug them on the street. They dont want to get the forecast wrong. Gerri you dont have to hug them. You can hug me. Gerri which we do all the time janice. It is all love. I want to answer your questioning from the begin of the interview. Yes. Gerri stock forecasters are wrong all the time and never face the heat, ever. Thank you girlfriend. Oh, i want to show you something. My husband took this picture earlier in Grand Central. They closed everything. Have you ever seen Grand Central empty. That is amazing. You could roll a balling bowling ball through middle of Grand Central terminal. Do you imagine the dance party we could have in there you and me. Gerri with snow boots. You scared me to death. Later in the show why one Indiana Church is battling americas biggest bank jpmorgan. Joan rivers daughter suing a Medical Clinic for her mothers death. The suit claims incompetency to a coverup of the how is the clinic still open . Ma is my question much. After the break. Ive been called a control freak. I like to think of myself as more of a control. Enthusiast. Mmm, a perfect 177degrees. And thats why this road warrior rents from national. 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[ male announcer ] all plans like these let you visit any doctor or hospital that accepts medicare patients, with no networks and virtually no referrals needed. So, call now request your free guide, and explore the range of aarp Medicare Supplement plans. Sixtyfive may get all the attention, but now is a good time to start thinking about how you want things to be. [ male announcer ] go long™. Gerri if light of new details surfacing in the death of comedienne joan rivers her daughter melissa filed a malpractice lawsuit against the doctors and clinic where her mother underwent a medical procedure that led to her death last september. With more on this new york city Plastic Surgeon who joins me and run as joint Commission Certified ambulatory Surgery Center here in new york. Thanks for being here. Thanks for coming to the show appreciate it. Sure gerri. Gerri what do you make of this . As i was telling you in the break the Washington Post reported theyre facing a loss of their accreditation for a number of reasons. Are you clinical for this clinic . They obviously violated some of the rules of a certified ambulatory Surgery Center. Gerri right. As we know what is being alleged in this particular lawsuit medicalries is a rivers says the level of mismanagement incompetency disrespect and outrageous behavior is shocking and frankly almost incomprehensible, not only did my mother deserves better, every patient deserves better. It is my goal to make sure this treatment never happens to anyone. The suit says that the doctor performed procedures without consent. One of the doctor works on her had no privileges to perform surge ral procedures. They failed to monitor vital signs. The doctor took a selfie with rivers while she was sedated. Youre in this business, is this sort of beyond the pale . The whole idea of having a Certified Facility so the patient can be sure they have an environment of safety. That is why all these rules are in place. For instance, doctor that will be operating on any of these facilities has to apply for privileges, they have to present their credentials. The facility is responsible to check those credentials so they know the doctor is who they say they are, they are welltrained, licensed, they have malpractice insurance. Gerri right. This particular doctor didnt have privileges at the facility and shouldnt have been there. Gerri shocking this type of thing goes on. There are clinics all over the country in every town, in every city. Makes me wonder if this is what happens to joan rivers how safe is the clinic my little town in westchester . If a patient goes to a certified ammaer to Surgery Center. They can be pretty sure they are following the rules. This is a breach in the rules that happened at this particular clinic. The whole reason to have a certified clinic so this doesnt happen. Gerri the