Jobs in the month of january. We will break down the numbers and what it means for the economy and your money. And a new book appending everythineverythin g that we have been told about retirement. Bestselling author Ken Blanchard is here. And katy perry became a sensation at the super bowl but what about this lawsuit . Gerri all of that coming up in more where consumers are business on the willis report. Cheryl two big Consumer Fraud stories, both are very different. We begin with Identity Theft that could impact your tax return. At issue are coax the stealing identities and then filing tax forms, hoping to score a big refund, possibly your refund. The owner of turbotax announcing this hours ago that the company is working with various state governments after thousands of fake tax documents have surfaced. With us now is peter. How widespread is this . Its going to get worse. Here is the concern. In alabama alone they are afraid that there are 16,000 fraudulent returns that were efiled. The real concern is that people try to protect their credit everyday with Identity Theft issue and maybe we are missing things, which is actually our tax filing. Gerri users of turbotax file about 30 million per year. You know its a big business. We heard some information saying that we are having no problems at all, come on over we will file your forms for you which leads me to the question, isnt culpable in this . Is it something about turbotax that is making this happen . I do not know. But i will tell you that the general idea that the Social Security number, date of birth and your name could make any efiling program easy to be at target of theft what we are going to see in here is that many dont want to do efiling because they dont want the risk. I think the criminals are going further down the food chain and youre going to see tax fraud this year in cases like this. Anthem blue cross and blue shield, 80 Million People gerri we will get to that in a minute. Alabama as he said, 16,000 return suspected. Utah, they had just 28 fraudulent filings and a specific software they are not identifying. And a soda about 2000 returns, georgia had significant numbers. Tens of thousands of refund your up in the air in limbo. What do you tell people tonight who maybe they have already filed and they are wondering if they are going to get their refund . I think that once you have filed from a perspective like this, you are in the clear, its the people that havent filed and that have not whether they are efiling or not come as soon as that happens with your Social Security number whoever files after that even if its the real you, you are locked out. Gerri i think that we should underscore that just a little bit because think about it. You beat me to it. You may be waiting to file you could get the big no from the irs. Actually state filings only its not the irs you can find out that someone got your refund. Is there any recourse for taxpayers . I think eventually there will be, but there will be absolute gridlock at the gate level. I dont like to create urgency when there isnt any. Dont wait to file your taxes if this concerns you. This is a regular Identity Theft is a first person in line that is going to be able to file. Gerri peter thank you for coming on the show and thank you. Gerri this week the second biggest database in the country was hacked and we are learning that anthem did not encrypt the customers data. So its alarming considering the personal information is about 80 million customers and employees that could be compromised. People are up in arms and anthem is hit by a classaction lawsuit. We will have more on the lawsuit from the lawyer handling the case. At first we want to tell consumers about this. Anthem is a alerting customers to protect themselves from email scams i could come along due to the breach. It says dont click on any links to emails reply to emails or reach out to senders and anyways. Dont open any attachments so beware. With me now just filing a Class Action Lawsuit against them that was pretty darn fast. What grounds do you have to sue this company . Two we have a lot of grounds. Like you said, 80 Million Peoples information was stolen and we have brought claims for breach of contract negligence they did not encrypt the data and they let hackers feel like. Gerri a lot of this i have to say that we are shocked by that. And anthem says if you encrypt the data, its really hard to use in the office because you cant swap around quickly. What is your response . Can you repeat that question . Gerri shirley. In the missing as a defense to not do it why would they do it they said we cant move information around between people in the country. It makes it harder to do business. I dont yet understand the implications it could have on their business, but i do understand that 80 Million People are floating out in the hands of thieves right now. Whatever burden its largest on the consumer shoulders tonight. Gerri so what about not encrypting the data. How is that going to play out in the court of law . Will that play out with a judge or jury . Just my think it will be extremely persuasive effect of this data, Social Security number, email addresses home addresses, just sitting there unprotected and unencrypted on anthem database and i think that is very persuasive. And i think bed it will take us a long way in court. Gerri you are also representing customers suing target. You see these as similar breaches . You see these as comparable . Absolutely. I think that this is worse than target, target only involves credit card numbers. We all know that its easy to cancel a card according to the new one. But this involves Social Security numbers and birth dates. Those are facts that you cannot change and you cannot cancel. As we are seeing with turbotax from filings it has real implications. I spoke with a woman today was an office in tears because someone had fraudulently while a tax return using her Social Security number and she cant file their taxes, shes beside herself and doesnt know what to do. See what its going to be a heck of a taxer for a lot of reasons very and i want to read you a statement from the ceo who says anthems own associates, including my own was accessed during a Security Breach and we join you in your concern and frustration and i assure you that we are working round the clock to further secure your data. And so its cold comfort when they give you free credit protection after your information has been stolen. Consumers are coming to a point where they feel that there is no safety, there is no protection out there. What would you say to those folks tonight . I really cannot quibble with them. And i want to make a plan about that credit monitoring. That is not started for weeks. Anthem is not sending out notification by way of these consumers for weeks. Nobody has monitoring right now. Gerri what advice . I know the one everyone to sign on with the lawsuit is there anything you would tell customers and consumers that they should be doing . My understanding is that the Credit Reporting Agency is crashing because so many people are trying to freeze credit and i think that is an important step in monitoring your account closely. Gerri thank you for coming on the show tonight. Thank you. Gerri we have a lot more to come, including obamacares next round. Could the High Court Rule against obamacare this time . My next guest is a prominent constitutional attorney that says yes. Cindygerri sent me a tweet and check us out on facebook. We will be right back 3rd and 3. 58 seconds on the clock, what am i thinking about . Foreign markets. Asian debt that recognizes the shift in the global economy. You know, the kind that capitalizes on diversity across the credit spectrum and gets exposure to frontier and emerging markets. If you convert 4quarter p e of the s p 500 its yield is doing a lot better. If youve had to become your own investment expert, maybe its time for bny mellon a different kind of wealth manager. And black swans are unpredictable. Gerri stronger than expected jobs report boosting the likelihood that the Federal Reserve will hike Interest Rates this summer. Lets go to peter burns with the details. Reporter thats right, the economy added 250000 jobs in january, higher than expected then employment rate kicking up to 5. 7 from 5. 6 in december. Than 700,000 people have dropped out of the workforce, they got back in and i am more optimistic about the job market in their employment prospects. We also saw an average weeklyentageto 24. 75 per hour this is important because Hourly Earnings fell unexpectedly in december for the first time two years. People think it mightve been a statistical quirk. For one other piece of good news, a big upward revision for november and december. The jobs report in those months plus 140,000 jobs that hadnt been previously reported. The economy has created more than 3 million new jobs in 2014. The best run since 1999. Gerri thank you peter, for that. Many economists thought todays report was there the jobs market has many hurdles. With us now is topical. Welcome back to the show. So lets put up those numbers one more time. I just want your analysis here. Is this a great were worried that some economists are saying that it is . Yes, it is a good report if you look at the numbers as peter barnes just said. Wages up a little bit job creation numbers are stronger and the big question is does this mean that the economy is in good shape . The answer is not yet. We still have about 7 million parttime workers that dont want to be parttime workers, only about 44 of the Adult Population is working full time. So does this feel to most americans, like a strong recovery . The answer is no. Gerri you have some very important details there. Tying this into the jobless rate, which is up and seems to be bad news it might actually be good news because it sounds like more people are out there looking for jobs. Todd you know as well as i do that so many people have just given him. Is this a positive sign . The number is a positive sign about 700,000 people have entered the job force. But there is a tremendous asterisk that no one is mentioning were a few people have mentioned and that is in economics we have to adjust for seasonal changes and the rule of tom as i describe it is do not trust santa claus or teachers. Why do i say that . January is a very precarious month for seasonal adjustments as is july and september as kids go back to school. Gerri if i could revise my numbers as much as the government does, it would be looking a whole lot more positive areas im wondering if you heard the gallup ceo talk about these numbers. He said why dont you look were unemployment is more like 11. 3 . What did you make of his comments . Is he on target . Are the jobs numbers misleading or alive . I do not believe that they are a lie. But its some sort of a conspiracy. But i do think that they are statistically a misrepresentation of how the American People feel. We know in the oil and gas industry there are 20,000 layoffs this past month and those didnt show up in todays numbers. Ryan williams, pete carroll of the Seattle Seahawks could be laid off and we have these numbers that need to be updated. I dont think that the january numbers are to be trusted all that much especially since the seasonal adjustment is about 2 million jobs. Gerri there is a huge swing in the changes really matter. You mentioned something awesome i want to dig into and that is gdp of 2. 6 . You say that jobs are important, but what about overall growth. What do you make of it. Overall growth has not been all that robust. The rest of the world is looking worse. And that means american exporters are not doing as well. The value of the dollar is up which is good in some cases if you are an american traveling abroad, but if you are blowing or caterpillar, its not necessarily a good thing. Certain sectors of economy are doing well. The automobile sector, iphones, if it werent for texting while driving, i dont know what strength we have in the economy. But iphones and automobiles are doing well. Gerri too bad we dont make those iphones in the usa. Because we do not. What i think is interesting as you see manufacturing down and construction down and those two very important sectors not doing well. So what does that tell you when it comes to our economy . We are a divided country in many ways. The one principle way is this economic recovery such as it has been, it has been led by the oil and gas industry by the steel industry, by states like texas and oklahoma, north dakota and others, those places and jobs are now going to suffer and the question is whether the baton can be passed from those states to other states that benefit from lower energy prices. The baton has not been passed and that will be the challenge for the American Economy over the next six to 12 months. Gerri we will have to have you come back for the february report. Since you are not too impressed with these numbers. I would like to know if Brian Williams will be in february report. Gerri i guess we will find out soon enough area. Gerri heres our question tonight. You consider yourself middleclass . Login tonight and vote and i will share the results of the end of tonights show. And even during tough economic times, americans rallied around each other when needed. Here is a case in point. Something happened at a target store in raleigh, north carolina. Its gone viral on the internet. Target shopper saw a young man looking for a tie for a Job Interview and he wanted a clip on, but the store only sold by dealers. So a hopeful target worker showed them how to tie a tie in a random act of congress kindness they practiced handshakes and Interview Questions and answers with the team. The next day several employees went to the chickfila and share their experience with the hiring manager. We hope he got the job. Good luck to that young fellow. And remember the sharks in katy perrys halftime super bowl performance . One Small Business owner is in hot water. And obamacare getting its day in court. This time the outcome could be very different. Please stay with us. A when the moments spontaneous, why pause to take a pill . Or stop to find a bathroom . Cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. Tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. Do not take cialis if you take nitrates for chest pain as it may cause an unsafe drop in blood pressure. Do not drink alcohol in excess. Side effects may include headache, upset stomach, delayed backache or muscle ache. To avoid longterm injury, get medical help right away for an erection lasting more than four hours. If you have any sudden decrease or loss in hearing or vision or any symptoms of an allergic reaction stop taking cialis and get medical help right away. Ask your doctor about cialis for daily use and a free 30tablet trial. Gerri obamacare getting its day in court again. Supreme Court Justices are tearing up to hear oral arguments in the legitimacy of federal insurance subsidies. As you know, that is a crucial part of obamacare. Here was more is that. Gerri take you for joining us seth. Can you sum of obamacare as concisely as you can . This is a major group of taxpayers challenging the administrations adoption of the regulation that forces taxbased subsidies to Fund Obamacare to all of the states even though the language of the Affordable Care act provides that that could only happen in states that have established their own insurance exchanges and notably three fourths of the state decided, you know, we dont want to establish our own exchange and therefore under the plain language of the portable care act, it would appear that those subsidies could be plugged in to put fuel in the obamacare tank. The irs has said that that is exactly what these steps are challenging in the big case. Gerri a lot of these people will not get the help that they need. Tell me if you have the expectation. I predict that the government will lose this. The challenges of this have a very strong case. The language of the law is as clear as day and these have established the own exchange. The administration cannot ignore the law by trying to plug in a regulation and i think the language is clear and it really challenges in the middle of the brief what it says is the credibility of taxpayers by saying that they cant point to anyone affiliated with the administration and i think that that is an unfortunate choice of words because Jonathan Gruber made it clear. And he said that that is exactly what congress intended. The reason that he intended that is because he wanted to, as he said, squeeze the states, pressuring them to qualify for this subsidy. Gerri what happens to obamacare remapped. This is going to strike a fatal blow to the nations heart. What its going to do is blow up the financial plumbing through three fourths of the state. Those subsidies are going to be disconnected and then even by the governments own concession, its going to cause a financial spiral and collapse for the architecture of obamacare. So it is going to be a deal. Gerri of course republicans have been asking the head of health and Human Services all week but that is going to be. If this happens, what next . She doesnt seem to have an answer. What will it mean if the government is not ready . You are right and it probably wont be because this decision will come down in the dead of summer, right before the fourth of july weekend, the state legislature wont be able to be there, i really dont think that anything is other going to happen other than shock and surprise. This is going to be a decision that is going to impact a bigger change in the law. Its going to be a huge decision right around the corner. Gerri think you for coming on the show i am sure that youll continue to follow