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tv   The Willis Report  FOX Business  July 5, 2013 6:00pm-7:01pm EDT

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i think we well. thank you for being with us. that is all we have today. melissa returns on monday. i had a good time. "the willis report" is next. wonderful weekend, guys. ♪ >> hi, everyone. tonight on "the willis report" the sudden l.a. with obamacare. how much trouble is this law in? the woman who had her newborn baby taken away from our periodic she failed a drug test after she ate at poppy seed bagel. we will buy into that cake. have you heard? made in the u.s. a is making a comeback. one business to find out they're making it big by making it here. ♪ tracy: these stories are coming up, but we begin with the big jobs report and what it means for all of us. the economy added 195,000 jobs in june, 30,000 more than expected. did this put the fed entr'actes
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the poll the stimulus right out from under the market? joining us now, editor for money news ultimate wealth report. ceo of mclean financial group and resident scholar at the american enterprise institute. thank you all for being with us. let's start with stan and go right to the economy. where does this put stimulus? i mean, things are getting better cards a? >> they are. this is a reasonably good jobs report. if things continue this way the unemployment rate will slowly, slowly go down. eventually approaching 7%. i do not think that this will keep the federal reserve from tapering away had been signaling that they will. i think maybe september, maybe december. coming down quantitative easing. >> here is what bothers me. today's jobs report showed a big improvement in part-time jobs. why would i hire full-time when i have no idea what's happening with obamacare?
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>> that is a great point. they're is a major increase in part-time workers. you're talking about a huge segment that is working restaurants and bars, not exactly a career track. i take that back. number of institutions, restaurants in new york city and chicago were you can go and stay for life. and that's a great gig. what we really see is the 132,000 jobs that came from that model. last month it was 205,000. just to clarify, that is a statistic, statistical input. not real jobs. it is just a fabrication, a creation. we are to believe that 195,000 is the real number. -32,000 are included. not real people getting real jobs, but just collaborations'. tracy: regardless of the statistical aberration, the market love it. >> the market did love it. i do agree with these guys.
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i don't think that the tapering will happen as soon as the fed originally -- i am not a proponent of quantitative easing, but by the same token, going down this road, they cut it short right now, there would probably on wind a lot of what they have done. the economy is only growing. that is still pretty stagnant. we really need to see two, two and a half% or so to really get the employment numbers up to where they need to be. i think that they will have to hold on a little longer than they think. tracy: i want to come back to you because you mentioned that housing is not doing so well. everyone seems to think it is getting better, but not enough. >> if you look at housing starts and if you look at first single-family homes are single-family homes sold, look at the chart buy back five or six years and see that we just recovered to levels the represent the lows of every cyclical level low in that last -- actually, 20 years. every seesion as prices cratered. we are now up to those levels.
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i'll think we have a major recovery in housing. you're seeing mortgage applications fall off a cliff. a lot of that is refinancing with higher rates. with one-third of the total volume of homes sold in cash transactions, you're looking at investors stepping in. that's positive in terms of reducing the overhang of supply among but on think you're looking at a sustainable organic growth in incomes a return to employment, which would be driving that major trend in real estate, more sustainable basis. tracy: the fed is basically come out and said that when we hit six and a half% unemployment that is when there will start to move rates, 7%, they will talk about the tapering. how long before we see those numbers? it seems a long way off when you have 12 million people all in who wanted a job and could not get one. >> they would like to and tapering by the time they reach 7%. i think they will start tapering earlier on. remember, the fact that they start tapering does not mean
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that they are tightening monetary policy. means they're listening of last. tracy: houseman -- just a follow-up call before we see 7 percent, it could be two years of the rate we're going. >> it could be a while. we have seen it reasonably sustained growth over the last year. and the economy is on the right track. you no longer have to deal with the impact of sequester or the tax increase from the beginning of the year. the need for monetary stimulus will go down. right now in the first half of the year there was a lot of need for the better reserve action. a fiscal drag on the economy. tracy: the stock above the second death of the year. the first half was really tough. we have all the tax increases, the sequestered. some luckily for the rest of the year. do you expect the market to pick back up?
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>> i think we can have a positive year. with that said we will have a big bump in the road between now and the end of the year because he will have a very -- fairly sizable stock market correction. we can see the dow pop back close of 14,000 in the s&p goes to the 1500 before all said and done, basically a long time since we have a major correction stocks are somewhat overvalued. they need tech pulled back and you are extending technically from the simple moving average. i think that the overvaluation leveled is the biggest proponent. we just don't have the economic growth to support it. tracy: a lot of people tied in with this. the bliss we had with this kind of tapered tantrum, market pullback. the troop pullback has not come yet. maybe instead of by an inmate -- seven main goal way, it should be selling july and take the summer off and the thing. >> well, you should have sold in jen because that is only saw a major rise in margin debt.
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and new peak of 3,804,000,000,000 which exceeded will resign in 2007 and what we saw a 1999, and term peaks. and so we could argue that this martian level and we are seeing them come down now, several billion. we probably are in a declining trend coming into the fall. i agree. it is 1500 on the s&p, it could be 4050 by year-end which would put us in positive territory for a year, but certainly not at the levels that many are hoping for to finish even hire from the stern levels. tracy: we will talk much more about egypt after the break. my final question to you. you are an apple fan. >> to me apple has everything you would want. nobody loves a right now. it has a price-to-earnings ratio of nine. that is cheap. it has billions of dollars in cash on its books, more than most any other company of there. it is, you know, very little debt, the world's biggest
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buyback program. there is any one stock that i condone -- aziz said he could only on one today would be apple tracy: that is encouraging. my family was just about every product they make. you guys, don't go anywhere. all staying with us. there will be back. we are just getting started. here is the thing. nothing is private anymore. how you keep your personal data protected? coming up, how to keep your searches in your digital data all to yourself. and i mentioned egypt in a major upheaval. what about the economic effects that it will have over your home? we will talk about all that next. don't go anywhere. ♪
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tracy: well, the uprising in egypt is totally impacting your bottom line. a panel of financial experts is back around to with tips on navigating through this turmoil. editor for herb money needs ultimate wealth report, ceo of mclean financial group and resident scholar at the american enterprise institute, all still here. first, fox business rich edson, god bless his soul, stayed late to join us with the latest that of egypt. >> reporter: good evening.
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supporters of ousted president continued to protest and demonstrations are turning violent as reports citing the egyptian government said 17 people are dead as a result. the egyptian economy has deteriorated since he took over last year and this afternoon another downgrade of the egyptian credit rating. in its release they say their is a risk of material deterioration of domestic political stability with downsize risk for economic outcome and creditworthiness. high uncertainty over how their risks resulting from the military cute evolves over the short term and the eventual pathway to a peaceful political transition. among the reasons they said political turmoil makes it more difficult for egypt to achieve its fiscal targets to secure a loan from the international monetary fund. falling government revenues, increased spending on subsidies and salaries rapidly declining currency reserves and economic growth of less than 3%. when it comes to a possible fiscal rescue from the imf, one analyst says there are
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international and regional interests in stabilizing the egyptian economy. >> it is traditionally historically one of the centers of gravity of the arab world. and for that reason, if egypt successfully makes the transition to a successful economy and also to of broadbased democracy it will have huge ramifications and other countries as well. >> reporter: as these massive protests continue, dow jones reports british oil company bp is withdrawing staff at contractors in the country. tracy: these guys rely on tourism. you have seen images like this is tom anderson the canceling a trip pretty fast. >> reporter: and tourism is about to percent of the egyptian economy. revenues from visitors are down 40%. the state department just warn that americans should put off travel if they can. this political unrest slows sectors across the egyptian economy, but your reading reports of folks staying away
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from the cities. some of the resort towns almost like little oasis with no idea that is going on "what's going on. tourism, there is a tangible effect. has fallen a significant amount and is a good chunk of the egyptian economy. tracy: that's an important point. some of this is not happening in the tourist towns. you have an awesome weekend. thank you. >> reporter: youtube. tracy: let's get back to our panel on all of this. i want to go to you first. why do i care? look, we often see images of these guys riding, these guys throwing out some president, bringing in a new one. this seems to be what they do. >> they don't do it that often. the country as important as egypt. look. happened last year. it happened again. you could say it is not ideal for military coup to oust an elected president, but at the same time it is not ideal for an elected president to trample on the rights of minorities or to appoint a terrorist as the governor of the region that is
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most important for tourism. and you know, aeast what we see is that the egyptian people, the egyptian people have an ideal to strive toward. there will stumble, they will fall. hopefully in the end they will join us. tracy: that is a damn good interpretation. tell us what this means for my portfolio. am i going to see my portfolio dropped because of these riots in egypt? >> well, that is a good question. the middle east has been a point that think everyone should pay attention to for many years now. we have a power vacuum. so who will be the dominant player, turkey? iran, egypt? and so until these individual countries by stabilization it is very unclear as to who will lead the middle east and lead the islamic world. so we have seen most recently, back to the portfolio is something of a fear bid the price of oil per be looking at supply and demand dynamics, you actually have a weakening.
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you're just looking at the the con 101, prices should be lower. they have not been. they stayed relatively high fat. with west texas above 100 with further pressure in the middle east, you can expect to see -- it will continue to move higher. four, five, $6. let's call 110 as a peak. ninety-five as a floor. ninety days out from now they should be hitting your at the gas pumps. tracy: that is comforting considering ad drive a billion hours a day. let's get back to the trade. see you get back in the oil etf? >> i would rather go to individual stock companies. i would rather on bp, dot, possibly dvr, some of the things that really have been beaten down but have rich dividend yields. bp and tnt have four to 5% dividend yields and will appreciate. i think those are probably some of your more safe places to be. tracy: you know, so much
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uncertainty. how do we view this at home? i sit here. u.s. companies to five countries that many people don't visit. how do i protect myself upon? >> in this particular case one reason to up feel reassured is saudi arabia is openly optimistic. they will now supposedly keep the new egyptian regime afloat. i think they're much better than that than the main source of funding. you know, if you are -- obviously, economic growth slows down, that's a problem for everyone. you are worried about staggering levels of inflation, you can buy. there are different sources of uncertainty, different sources of risk. you can shield yourself more evenly from sun and others. tracy: dan makes an interesting point. that was why everyone jumped into gold. now we see the etf falling off
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precipitously. i mean, do you short it here? >> i wouldn't. i go back to what warren buffett said, give greedy when everyone else is fearful. there is ever a time when people are fearful, it is gold and gold stocks. the most oversold relative to gold as they have been at least since 1939. honestly, i would buy some of the biggest gold miners in the world. something like that. they have a nice dividend yields and billions of dollars of cash on the books to support themselves of this turnaround. tracy: this is a great little debate that we had. thank you so much for being with us today. of course we want to know what everyone else thinks. here is our question. what is your personal economic outlook? better, worse, the same? bogdan and vote on the right-hand side of the screen. you will share the results of the end of the show. so later in our show, a private digital data is only a search
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away. they're is a way to fly under their radar, and we will show you how to do that. next, obamacare mandates getting kicked down the road. still a good time to call code bleu on the rest of the president's signature law? we will be right back. ♪ the most free research reports, customizable charts, powerful screening tools, and guaranteed 1-second trades. and at the center of it all is a surprisingly low price -- just $7.95. in fact, fidelity gives you lower trade commissions than schwab, td ameritrade, and etrade. i'm monica santiago of fidelity investments, and low fees and commissions are another reason serious investors are choosing fidelity. now get 200 free trades when you open an account.
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♪ tracy: obamacare employer mandate getting delayed. struggling with setting a big changes. how much trouble as a law in? details next.
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♪ tracy: well, obamacare is coming apart at the scenes, another effort to dismantle the law has just begun. after the obama administration this week gave businesses another year to comply with the
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regulation. this is the latest in a string of bad news for the law. all five now say it is a train wreck. peter barnes joins us from washington. let's lay this out. how many people does this actually affect? >> reporter: right now about 158 million people get their health insurance through their employer. so in theory the employer mandates covers them. however, in practice companies offer their employees health insurance as a benefit to try to attract the best and brightest. the congressional budget office did look at this question last year of what would happen if obamacare were totally repealed. it estimated, believe it or not, that actually about 2 million people that would stay -- would get health care coverage from their employer. 2 million more people than if obamacare were to go into effect. why?
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well, some people might not get a at one company, but others would have to start to cover people that they are not now. so about 2 million people probably affected by this. tracy: everyone is better off without it. but what is really interesting to me is the employer mandate, the mandate that says employers have to offer health care gets pushed off. yet come january 12014, the individual mandate is in place. basically of my employer says no, i'm waiting to mind skirt. >> reporter: that is one of the potential problems here that critics are talking about because the white house says, listen, we are going to stay on track with the individual mandate. we are going to have these health care exchanges out there and we will have subsidies for people with a neat. so we plan to go forward with the individual mandate even though they are delaying the
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employer mandate by a year. and there could be this unintended consequence that could affect millions of other people. you're absolutely right. tracy: to call it a train wreck is generous because between head 1099s corrupt, pushing that off, big companies like mcdonald's lobbying for more time. there are so many loopholes and messes. does this add more validity to abolishing it altogether? >> well, republican critics definitely agree that that is the case. they say they will continue to try to do that. you know, when you are trying to restructure 15 percent of the economy you're going to 8f use the bumps. tracy: you have been reporting all day on these labor numbers. you actually even said that many people, hiring people because of obamacare, d thing that will continue? >> we saw 3,202,000 more people
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say that they were -- that they were hired part-time, working part-time for economic reasons which means they won a full-time job but could not get it. and part of the speculation is that it could be obamacare. companies getting people below the full-time status, making them part time. and that is potentially a reason for that. they don't ask why. but that is -- some analysts say that is one reason why we saw this big increase last month. tracy: it is a mess, and you have been working a long day. thank you. have a great weekend. >> youtube. tracy: time for a look at stories you are clicking on tonight. a good day in the markets. stocks closing higher for the week with the dow back above 15,000. the weakest sector, housing stock. higher interest rates causing concern. ammo was good for stocks is bad
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for gold. falling more than $30 per ounce. now trading around $1,200 an ounce. that is the third straight week of losses. listen up. you can stay relevant. embrace change. remember, attitude is everything and it is the next big thing. they get advances and flexible technology companies. those are just some of the house stories right now. all right. should your quarter pounder be taxed? the growing push to tax. and the hospital texan newborn baby away from its mother because of a bagel. is that legal? our experts way in next. don't go anywhere.
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♪ tracy: be careful what you eat. a woman just won a lawsuit over a poppyseed bagel. her newborn was taken away from her after she failed to hospital drug test. she claimed that up poppyseed bagels. : shortly before arriving a hospital cost a positive test for drugs. here in studio. let's start with you. is it possible? >> it's possible, but the error year was a child services. they did not ask your other questions. so her three day old baby was taken away from our for five days because of it tracy: you know, i could name a
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bunch of parents who should have their kids taken away from them. i am not sure this woman is one of them. >> she is not. and quite frankly, if that were my child and i was the mother there would have had to pay me a lot more than what they ended up paying out because that is outrageous, taken and in from their mother in those very important days when you are bonding and nurturing and feeding. that is incredible that they were so incompetent. it is outrageous. tracy: more of a case here, could she go further? there are people that take drugs all over the city with children. they seem to still have their case -- kids. >> probably. the issue was the hospital had a higher standard than the federal standard. 200 now particles per milliliter. so hospital has 300 as the benchmark. really the hospital was being extra diligent. a great reputation. that child services people swept in, they did not conduct their due diligence properly, did not
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ask the right questions and took this child away for not an insignificant amount of time. tracy: let's move on to this next story because i think this is an interesting debate. a pennsylvania hospital is basically saying, if you are a smoker you cannot work here. what i do on my time, is it any of their business? >> not at all. talk about the slippery slope. nextel will want to know what kind of our god beverages we may be drinking, how fast we're driving down the freeway. i'm in southern california. walking outside and breeding in the areas and healthy. i don't know the motivation quite frankly behind why they're doing that. but if it is a cost-cutting measure they're going to lose big-time on the lawsuit. >> motivation is clear. motivation is you know what hypocrisy in your health care workers. you want to tell patients should not smoke and then you're going on.
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the cleveland clinic -- >> since 2007 the cleveland clinic has been not hiring smokers. they have shown that some people who applied to it, ttey found that is incentive to stop smoking. not just a financial consideration. these are health care professionals. yes, there is a cost. the end of the day, do we want hospitals to spend money on health care for -- tracy: i get what he is saying. i was a fitness instructor. we will be the first person to tell you i went on as kernite. i was a hypocrite back then, but i taught pretty good aerobic class is. >> to distance comes your home and see what you're eating? by the way, last night at eight a gallon of chocolate chip ice cream? >> i kept that to myself. >> its 2013. only one in five americans still smoke. tracy: what if i smoke the
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cigarettes, electronics cigarettes. i could smoke those in the supply closet and you would not even know. >> what if you smoke medical marijuana and have a need for something like that? or rihanna to outlaw or ban that? it is outrageous. it is frankly -- tracy: let me ask you both this. he think we will see more of this? >> we are already seeing more of this. certain states like missouri actually exempt health care industries and hospitals so that they could make this discriminatory termination. >> people are going to the get -- legally allowed to get away with this? >> when they're paying billions of dollars to all of these individuals were being denied work privileges they will stop doing it. tracy: it is distaff. thank you. no, i was not going to tell my students i a--gallon of ice cream, but now they all know. all right.
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well, if the government's ability to peek into your private data worries you, then you might want to fly under their radar. our next guest has important tips and tricks to keep. tracy: you're on the guilt and wherever you are. here to explain how to safeguard your devices from landing in hands of a creek or a criminal, tech editor. good to see you. thank you for being here. when i search something, i am throwing myself out there. >> absolutely. the first thing you never want to do is use public wi-fi. that is like standing naked in a crowd and sank, don't anyone like me. you why that exposed. a few things you should do, use a search engine that does not track you. we are talking about some other ones out there. use some browser and on. less about what says tracking
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new and more if you are concerned about people tracking your activity. and then really be mindful of social media. social media, one of the biggest traps because at the end of the day you can take all the precautions in the world of an appeal to stop yourself from posting something really stupid. tracy: you are right. what i try to tell my kids is that stuff lives in in fantasy. i don't care who you are what you're doing. talk about the ad blocker because they attract you. >> oh, my gosh. marketers are tracking you. the government. there are all kinds of people wanting your information so that they can either serve out very targeted ads, things that might not bother you that much but might. there are a lot of ways. a program called duck duck. i am a mother. but it is a lot like a search
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engine, but it does not track you or let any advertisers tracking. it is private. that is a great coach to. you can also get things like do not track me which blocks third-party trackers. this helps block third-party trackers, and there is another one called disconnect. again, this just provides a layer of protection between you and whoever might be trying to sort of snoop and, sneak in, and get your information. tracy: on the flip side there are perks to being able to track your phone and yourself on. if i lose it i have an iphone. i could have that on my phone to go find it. >> you want to have of find my phone app, you want to have one of those. if you lose your phone, but you also really want to have something very simple. a large screen with the pass code.
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as the number one thing that will keep them out of your phone . also, these little add-ons to most of them are free. you get these that not only help you track your missing gadget, but it helps you erase the data for encrypt the data. they're is a service that will download all of your data, and cricket, save it, storage, and then help you find something if it is lost a missing. tracy: we all carries our phones around like a third appendage. god forbid you lose it. the whole thing with the security code is a genius, except so many people do 1234. >> i read an article. okay. it's 2013. stop using your last name. i mean, people say i hate using passwords because i can't remember them. okay. that's all well and good, but i
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have lost my phone in cabs. i have had been stolen. it is a lot worse than have somebody get into your credit card numbers are your private information. qaeda like the fact that i'm carrying around something that as pictures of my daughter on it you can pretty much figure where i live, what i llke to do on the weekends. we are all walking around with these these days. so be it a smart password. make that the first thing that you do. tracy: think you so much for opening everyone's eyes and waking them up. no more 1234. have a great weekend. when we come back we go in fashion of one of the top luxury handbag manufacturers. an uncle sam is about to enforce the tax. curbing obesity. we have that next. don't go anywhere. ♪
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♪ tracy: all right. so a fat tax is picking of steam. a group of influential academics , the one that government often listens to just published a report on the benefits of a fat tax. this idea is a little different. instead of just taxing fatty foods, this one would taxer calories. kay rogers is here with us now. how does this work? avocado has a lot of calories. >> that is the concern. experts say that this may actually deter people from eating high calorie healthy foods. the national bureau of economic researchers conducted a study and look to 21 different items, some from the grocery store.
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others from kentucky fried chicken. calorie foods and then sat back and watched what happened. tracy: you think this will work? >> well, in some cases it did. the guys in this study ended up losing weight when fast food prices went up because they love the fast-food. women actually gained weight been healthy foods went up in price. hear what was most stunning is that the youth in the group loss between eight and 9 percent body fat when their high calorie foods were taxed by about the same amount. tracy: this is interesting. you can tax cigarettes six ways until tuesday. it's well over $10 a pack and no one is stopping smoking. >> there is a nice correlation between youth to actually were taxed higher. there really did work in deterring youth from smoking as
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much when they were younger because they're not as such. it is kind of correlation between that and this obesity study. adults did not lose as much weight as kids because the kids are not so ingrained in eating every day. tracy: we heard earlier today that obesity -- health care costs will double when they get older. should this -- should parents take responsibility? >> of course. the study even points that out. taxing is a blunt tool. does have an back, but that really parents of the first line of defense. they are the ones that need to consider what they're putting on the table for their kids to eat every day. low income families in particular are more susceptible. guess what, they are cheaper. tracy: go to mcdonald's and buy something for dollar.
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a pretty decent sandwich. food prices went up recently. how come we did not see any fall back from that? >> they have. livestock production cost is up, grain prices. some experts say if obesity is so closely tied to how expensive food is, shouldn't we be getting thinner? we are not. i mean, still 12 million of these kids in this country, 35 percent of american adults are obese are overweight. it is a debate worth having. testing to see. tracy: should the government be in your dinner plate? >> thank you for having me. tracy: coming up, fashion friday . something that produces top luxury bags. made in the u.s.a. label. ♪
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tracy: putting a stop to outsourcing of luxury brands.
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in fashion tonight does and house with one of the top and bag manufacturers in the u.s.
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♪ tracy: in fashion tonight, made in america come back. a growing number of designers and retailers are bringing their business back to the u.s. in the process they are creating roughly a thousand jobs. rising labor costs are feeling the russell of the companies are citing the lack of quality of some foreign-made products. also, shoppers are showing their willingness to pay just a little bit more for that made in the u.s. product. earlier jerry visited a top u.s. luxury handbag manufacturer that has been benefiting from designers and customers wanting them made in the u.s.a. label. >> more and more fashion designers want their product
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labels to say made in the usa. handbag designer stern to accompany right here in new york city. i'm joined by the vice-president how did you go from the designer's sketch to an actual product? >> well, the designer meets with us in the showroom and passes a something that is a sketch. we then make a full set of patterns and then i finished sample. we work with the client to get the materials that they want, barbara, the lining. then we work with them to make sure that the bag looks like what they had in mind. >> the room is full of people who do this every day for a living. i was surprised to find out how big a business this is. some $2 billion, 7,000 people working in the industry. is there a big demand from designers to produce here in the u.s.? >> absolutely. i have been getting calls the ten or 15 times a day, umass i am on my bags made in america. they want to make sure that the
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factory is legitimate. they're want to make sure the labor rate is appropriate. they want to touch and feel the product, come in and work directly with the workers. a lot of people also want that brand awareness. they want a customer to be able to of but get there benghazi made in america. tracy: talk to us about this particular manufacturing site. you started with your dad's design. added to grow? >> well, back about 20 or 30 years ago every building in manhattan was a factory. on every floor. what happened one with -- when china became use in manufacturing we could not compete. they were making ten at $20 bags. the business had to change dramatically. what we do now was more of a luxury product. you work with over 40 brands and are constantly growing. we had the designer came in back we were not making handbags as aegis wanted to make a bag. it turns out her business grew into a $60 million brand.
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once we grew her from nothing to 60 million, everyone came knocking on our door. we can handle pretty much anything from a small designer to a big designer. tracy: how important is it that these are made by hand? at sun machines, so much of this looks like it is done individually. >> our customers really like that. all of the work is automated. they have automatic machines, automatic cutting. they don't really need the people. even when they do the labors low i think people really like to see that things are actually made by hand. the bags are actually cut with a knife or with a cutting machine. a lot of care. people like that and i pay a premium for it. tracy: a friend of the show who produces year as well and uses some pretty exotic material. >> yes. she uses the most beautiful stakes in the world. a lot of people and poor material from italy, spain, even in from the u.s. and florida,
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california. we take it and make it year right in new york city. it is a family business. i work with my brother, parents retired. we are continuing to do everything that we can. pat is what designers want. tracy: it's not just handbags. >> we did a very unique requests all the time. i mean, just the other day we made a bank for a southern woman who has argon. she wants to conceal it in her back, so we made these pockets for gun concealment. pollsters, unique tech products. we do small leather goods, jewelry made of leather, fabrics, a belt, cosmetic cases and pouches. the turnaround time is correct. that is a reason why people prefer to work here rather than overseas. a turnaround for a sample to be a couple of days to a couple of weeks. you can come in here with an idea and have a full collection ready for a trade show or a showroom with and a mother too,
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which is unheard of overseas. >> thank you for that. great stuff. interesting. we will be right back. ♪
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>> fireworks today while the unemployment rate stays steady with 195,000 jobs added that the surge of part-time workers shows "the reader" not see a real economy growing. would ensure economic outlook? here is what you are posting on though willis report facebook page a bill raising fears coming health care cost up, and also my salary. >> my economic outlook is much better because talk about budgeting and spending is the exact opposite. and also 3% said better
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60 percent said the worse a and 28 said the same. be sure to law god for the question in evert -- every weekday. have a great weekend. >> good evening. the fate of the immigration reform bill making its waythro through congress may be in the hands of some of the most conservative members of the republican house speaker john baker says he will not move on the gate of a bill of less hit it has the support of theajo majority of the republicans in the house and it is under the kirk long clap -- clear they will support that. it has edged the declined and fell after president reagan signed the original amnesty legislation in 1986. to


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