Transcripts For FBC The Willis Report 20150504 : vimarsana.c

FBC The Willis Report May 4, 2015

Knelt. Walking down the aisle could mean walking away with bigger tax bill. Clark howard with the traps they need to watch out. Does the highpriced hardware live up to the hype . All that and more coming up on the willis report where consumers are our business. Gerri bill clinton, on the defense says he has no regrets for taking millions of dollars from foreign donors for the clintons charitable foundation. The former president telling nbcs cynthia mcfaden, quote, there is no doubt in my mind we never done anything knowingly inappropriate in terms of taking money to influence any kind of American Government policy that just hasnt happened. Here to weigh in our political panel. National review editor rich lowery townhall. Com he had toward katie pavlich, a fox news contributor. Rich, i have to get your reaction to this comment. I found it so delicious and clintonian. You look at that sentence you really want to parse every single word. Gerri bring in the lawyers. What does he mean by knowingly . Another thing comes from this interview, tremendous sense of selfpity. As though the whole world is out to get them and struggling to meet the bills and keep lights on in humble home somewhere and that is why he has to give 500,000 speeches a pop. Gerri hard to take this whole thing seriously. I want to play another piece of sound from the former president and get katie to react. Listen to this from president clinton. Ive given 10 to pay my bills. Working americans look and say 500,000 for a speech . Why shouldnt every, it is most independent i can get. If i had a business relationship with somebody they would have target on their back from the day they did business with me until the end. Any kind of disclosure is a target. And but it looks bad. There are no facts but it looks bad. People, i work hard on this i spend a couple hours a day just doing research. People like to hear she is now running for president. Will you continue to give speeches . Oh yeah. Itch got to pay our bills. Gerri my heart bleeds katie how about yours . I got bills to pay. They have multiple mortgages right . Just like everyone else but having to bring in 500,000 to pay the bills. I mean it is absolutely absurd. Apparently hillary will not be out on the stump speech making that much money, bill will pick up the slack for that. But, it goes back to what will be very difficult for her, again on the campaign trail, with bill clinton continuing to dot speeches. Bad enough for them to do them. For them to do it continuing moving forward for her to say im just like everyone else. You should vote for me. Rich are bad. Because they are part of the problem. Gerri confounding. Rich are bad. They are rich. Hard for me to follow. Rich, to you though, one of the things he says in that is that disclosure is a target. Yeah. Gerri what do you make of that . Well it is his way of justifying not going into business with anyone else. But, look disclosure has been a target in one sense which is why they avoided disclosure. Why she didnt want to disclose emails having anything to do with the foundation and apparently destroyed them all to avoid disclosure. Gerri i have to move on now. We have more people jumping into the president ial election, the race, for 2016. And weve got lots of names here. Former hbc ceo, carly fiorina. We have ben carson, retired neurosurgeon. Huckabee former governor expected to announce tomorrow. What do you make of this katie . Looks like well end up having 20 possible gop candidates . They are all good candidates. It will be very difficult for Voters Decide who they want to vote for. They have all Something Different to offer. Ben carson rose to political fame, took on president obama over obamacare. Carly fiorina dabbled in political atmosphere by trying to run for president in california. Fiorina are obviously new fresh faces. They have going for them im closer to the people. Im not in the political atmosphere, im outside of washington attitude which is something people look for until people get on the debate stage. They make a mistake. Dont sound like a politician. All of sudden theyre not qualified to be in the race. It will be a long haul to next summer. As it will be interesting to see actually if we get candidate here before the convention in july. Gerri good point, katie. Rich, what do you make of these three candidates . Does anybody have a shot . I think theyre all very talented communicators in their own way. Carley in particular has given excellent speeches last couple months. It is very crowded field. Very third to do it when youre a nonpolitician. Very hard to do it when youve been out of the game for a long time, like mike huckabee. One of the last two lessons, in in 80 and 12. In 08 it was huckabee. In 12 it was santorum. Gerri a lot of people are concerned in the wake of baltimore. Could this be a summer of rage . 96 tell people they feel additional racial disturbances will happen this summer. All eyes on baltimore obviously today and ongoing. Katie, to you, is this going to be a theme this summer . Will this be an ongoing issue . I think it will be an ongoing issue quite frankly the left and media focus on issues that dont necessarily deserve as much attention maybe they think. I think that president ial candidates as they move forward will be asked to address these problems. Because well turn it into a National Issue and maybe that isnt necessarily the case. Will come down to candidates being asked how they would handle a National Conversation about race whether circumstances about it all in the first place. Sure it will be part of that. I think that people are concerned. But i also think that mostly, i dont want to say an isolated incident but i dont think it is at level people made it out to be. Gerri rich, what do you say . One lesson from both ferguson and baltimore is you have to put a stop to it first time someone break as window, throw as rock. Tough throw overwhelming Police National guard resources at it. Then it stops. Gerri rich, katie, thank you for that. Great conversation. We now want to know what you think. Here is our question tonight. Is the clinton excuse on the up and up . Or another coverup . Log on to gerriwillis. Com and vote. I will share the results at the end of tonights show. We were talking about race and violence, right . Despite the curfew in baltimore being lifted after a week of unrest connected to death of freddie gray, businesses there are still suffering. In a telling oped in todays wall street journal one of the citys Business Owner says it is not lack of investment but the citys red tape that is the real problem. Jay stein mets barcoding ceo gives us his take. Jay, thank you so much for coming on the show. What is it like to run a business in baltimore these days . Well i mean i love baltimore. It is my city. It can be challenging. Weve got obviously riots, but hopefully they will go away. But it is a high tax environment. It is not conducive for being able to grow organic business. A lot of businesses that are in baltimore are there because at the work off of selling to the population of baltimore. That is not how we operate. Were a nationwide Systems Integrator of Automatic Identification Technology systems. Were providing technology across the country as well as the world. So we compete nationally and internationally. And being in baltimore has some disadvantages. I highlighted them in my article. Gerri we found that fascinating frankly. Did a great job of sort of describing what it is like to do business there. I want to get that in detail. First was your business damaged in any way in preceding week . The riot did not cause any damage to our business. There was another Small Business, a liquor store that was looted on our street but most of the violence happened in an area i didnt even know existed because, baltimore is made up of some amazing places and some not so amazing places. It has tendency to hide its not so amazing places. That is not where we are. Gerri that is a big story there. Tell us you described how taxes are a burden. Fees fines. Seems to me that would be a big hurdle for Small Businesses to want to start up there. Tell us what youve experienced. So i mean it is difficult. Youre dealing with, as a Business Owner you want your head down and focused on your business. If you have to worry about a theft, we had theft employee steal something. You dont steal from a barcoding company. We track everything. It wasnt difficult to find them. Nonetheless, we had to worry about that. We had to worry about frivolous lawsuits. We had to worry about having a lot of insurance. Weve had some breakins. Gerri graffiti was ongoing problem. That you had to take care of it and pay fines on. It is just, it is not expensive but it is annoying. It is frustrating. Frustrating when you know you have to worry that your office was broken into but it wasnt. It turns out that you get fined because they didnt find anybody. Then it does get, then it does get broken into the next day. That doesnt happen all the time. Gerri that sounds frustrating. We wouldnt be there if it happened all the time but you know what happens is it is layering of issues that makes us less productive. It is constant, not just baltimore. Obviously baltimore has issues and we are located in an area where we can bring from the youth in the area. There is a lot of colleges in baltimore. I think this riot will have a longterm effect on that. Im hoping not. Nonetheless, you know, weve positioned ourselves in a place where we have nice ecosystem around us. But generally speaking it is difficult. It is difficult because you have to worry about people walking into your facility and taking something. We have like fort knox in our facility. We had to be that way because we cant trust people. It is unfortunate. Gerri it is unfortunate. You mentioned very high taxes on your Small Business there. Jay, thanks for coming on. Great to meet. You our pleasure. Thank you very much for having me. Gerri weve got more more, more to come this hour. Day one of our users guide to the spring Real Estate Market. Should you buy, sell or hold . Saying i do doesnt mean saying i do to a bigger tax bill. Clark howard reveals way newlyweds can ease the tax hit. Tweet me gerriwillisfbn or send me an email through our website, gerriwillis. Com. Well be right back. The real question that needs to be asked is what is it that we can do that is impactful . What the cloud enables is computing to empower cancer researchers. 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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. Insurance coverage has expanded nationally and you may now be covered. Contact your health plan for the latest information. Gerri well tonight were covering all things consumer. First tesla unveiling a new line of batteries to power your home. Can they really keep the lights on and save you money . Spring is the time, coups say i do but what they dont know theyre tieing a knot with uncle sam. Thats right it is all about taxes. From tesla to taxes were covering the bottom line with clark howard consumer expert and host of nationally syndicated show, clark howard show. Wellnamed. Glad to be here. Gerri can we start with this tesla thing . Because im sort of mesmerized whole idea we can use batteries to actually fuel our house. How realistic is this really . Well only the early adopters, the pioneers, will do the tesla battery packs in conjunction with solar. The thing that is not really been talked about is this completely changes the power equation for the Power Companies because the big problem for the Power Companies is that during peak demand hours, theyre having to buy power on the open market at huge costs to get passed on to you and my. If they use industrial scale battery packs from tesla, or one of teslas competitors they can put power into the battery packs when power is cheap. Then during peak times send the battery the stuff stored on batteries out on the grid and we will save a fortune. Gerri well, that is a good idea. That is interesting. I like that. Were also talking though about consumers buying themselves. Sure. Gerri no small feat here. Talking 3500 bucks. No. 3500 is the only gerri im not done yet. You interrupted my friend. Sorry, sorry. Gerri up to 4,000 in ac dc inverter. Maybe you explain what that means to me. Will i only need one batteries, several batteries . Seems this could be several thousand 10,000 dollars to do this in my house . Yeah, that is why this is for early adopters. I give you another use. If somebody lives in rural area theyre not close to the power network, they can go all battery packs with solar or wind, and they will absolutely save a lot of money versus paying the extreme costs in rural area to be hooked up to the power grid. Another use is in areas where power is not so dependable you can use one of these battery packs as a standby equivalent of a generator. Generators cost tens of thousands of dollars. Gerri right good ones do. Even with the cost of inverter, you know, youre still going to save a great deal of money using one of the battery packs as standby backup power for your home or your business. Gerri well color me skeptical, but i think you make some interesting points. Lets move on to our second topic which is the marriage tax penalty. Youre getting married this spring. You could get hit with some pretty astounding taxes. Tell us. You know it is amazing how any marriage, any family the tax code can be because the way the tax code is set up for married couples, originally was set up with the idea that one person would be working, the other would be stay at home or work very part time and there would be a wide gap in income between the two wage earners. And so the tax code was very friendly in at that situation. But today we have a circumstance where men and women earn much closer to each other. A third of women earn higher income than their husband. So what happens in that case, in most cases, is that theres a big marriage penalty, if you are a really high income earning household, you pay a lot more taxes. If you are a lower income household, you pay a lot more taxes, married versus just living together. Only in a area in between do people earning similar incomes not get taken advantage of by saying i do. Gerri wow. So it is kind of rotten isnt it . Gerri thats right. It is rotten. Clark howard thanks for pointing it out to us. Thanks for coming on the show tonight. Always great to have you here. Great to see. Coming up later, it is a new corporate trend Offering College to workers. Will this help deflate our student debt bubble . The next survival of fittest. Have you seen this one . Pretty swift. Is the fitness craze running out of steam . What will this do for you . Stay with us. Gerri battle of the fitness trackers. Seems like a new one comes out every week right . Jawbone unveils a new one. Have you seen it . Costs more than the previous one but is it worth it . Wall street journal put it to the test. I like the jawbone products. I had questions about newest one, the three. How is it different from the previous iteration . They jammed a lot of sensors into it. You cant tell. The silver one. This is the apple watch down here. This is the jawbone app right up here. What is amazing they crammed a ton of sensors there. Would not know looking at this thing. Heart rate sensor. Take the temperature outside. Tons of things but right now, it cant really do any of that. So it works with the jawbone app right . Pairs with your phone to hear all the information about how many steps you took how long you sent. But that is really it. The app is great but hardware is not doing enough. Hard for me to recommend. Gerri what do you mean it is not doing enough . They have got the sensors in here. Theyre not tapping them just yet. The data is only does resting heart rate. At night it tells awe little bit more but during the day not telling you more than step count. Gerri this is expensive. It is 180. I cant recommend the up 3 but i am wearing up 2. Three seemed excessive to wear on to your show. Up2 is costs 99. Basic fitness tracker. That is what people should be buying, a basic fitness tracker underneath 99. Gerri youre not paying too much for it. I agree with you. You think you make good points. You have got the apple watch on. I do have the watch on. Gerri youre thrilled with that . It really grown on me. Ive been wearing it for about a month. At first i wasnt in love with it. It was very distracting. I figured out how to tame the thing. Its a great fitness tracker, i love to wear when i am working out. I think smartwatches will take bite out of highend fitness space. 180 fitness tracker promises to do a lot. But iwatch does those things. Jawbone app will work with the smartwatch. I see the smartwatch becoming what the iphone did, killing off these small little categories, fitness tracker being one of them. Gerri interesting. If you want get a smartwatch, screen, more advanced sensors, loads of fitness apps too many to count right now. Gerri a lot of nonfitness functionality. You say instead if you want basic fitness tracking one week of battery life, spend less than 100 bucks fitness band you want . That is what youre weighing in here . Exactly. People who want to dip the toe in the water. Something 100 or less. 50 bucks for really great app is a great deal. See if you like it. Then step up to a smartwatch. Apple watch will only get better in a year or two. Wait until then. Gerri thanks for coming on the show. Hope you come back soon. I will. Gerri programing note all this week it is sharp teeth week on strange inheritance. At 9 00 p. M. Eastern a man inherit as barren portion of his parents montana

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