cnn.com/justice for more on the story. thanks for starting your morning with us. we have more ahead on "cnn saturday morning," which starts right now. shopping with your credit card today? soon, you might have to pay more per swipe. the $7 billion credit card company settlement is a victory for retailers. but itould be a loss for you. plus, a wave of homicides hit u.s. cities. chicago compared to afghanistan. a spade of shootings rattle new york. all morning, we put murder in america in focus. later, an incredible story of survival. a month in the desert. no food, no supplies. how a man was rescued hours from death.

good morning, everyone. i'm randi kaye. it is 7:00 on the east coast. thanks for starting your morning with us. we start with the massive credit card settlement that could mean more fees for you at home. here's the deal. visa, mastercard and some of the biggest banks agreed to a $7.25 billion settlement with retailers. the lawsuit centers around credit card swipe fees. we all know about those. credit card companies were fixing the price on the fees. it drops bans on credit card surcharges charged by retailers. they are now allowed to charge more if you use plastic. it doesn't mean they will, but they can. we'll have much more on the impact to your bottom line later on in the show. we are keeping a close eye on egypt where two americans have been kidnapped along with their tour guide. the incident taking place in sinai peninsula, the sight of two previous kidnappings this year. in a twitter posting, u.s.

embassy confirmed the abduction saying we are in close touch with the egyptian authorities doing everything we can to bring about safe release of the tourists. joining me is mohammad. this is the latest in a series of kidnappings involving americans. tell me what makes this one different? >> yesterday, the kidnappers were able to speak to the public and they vow to kidnap more tourists today if authorities do not release the uncle of the doctor who is charged with drug charges. it seems this tribe is much more organized and serious about kidnapping more. of course we know there was two incidents earlier this year where americans were abducted. one was in may and the other in

february. the hostages were released after hours of being kidnapped and they were all treated well. this is the case in this incident, too. i mean, abductor announced that the hostages are safe. they are offered food. the request of demand is to release an uncle from a jail in alexandria. >> you mentioned they are kidnappers. how sophisticated are they if they are targeting americans and talking about taking more abducting more people, how good are they at this? >> well, the sinai peninsula has been in the state of lawlessness since mubarak. they are a well connected grid of the tribes who are well armed and they are in total control of this area. basically, what we see today is

an evidence that the police has lost control of the sinai peninsula, you could say that. and we know that the hostages are well and we are following the story closely. the two hostages are an american man from massachusetts and a woman who accompanied him. an egyptian translator is with them. he called himself on tv last night. >> tnk you very much for the new information we were just getting from you there. appreciate that. now to the end of a long manhunt. take a look. this is vincent walters the 15th most wanted fugitive. he's now behind bars. he was captured in mexico after 24 years on the run. he was wanted for the 1998 kidnapping and murder of a woman in san diego. a mother who adopted a boy from russia and sent him back on

a one-way flight is ordered to pay $250,000 in child support. a tennessee judge says too bad. ordering her to pay $150,000 fine plus $1,000 a month until the boy is 18. do you think the mother should have to pay for this boy? she says he tried to kill her. should she pay more, less or nothing at all. tweet me. i'll be sure to share your comments throughout the morning. keep them coming in. a federal judge is allowing mississippi's antiabortion law to go into effect. they will be allowed to stay open without punishment for now. they have time to comply with the new law that requires doctors to be certified obgyns with privileges at local hospitals. it's seen as a win for both sides. now to a story of a lost hiker who defied everyone's expectations. they feared they would find a

body. instead, they found the hiker 50 pounds lighter. 50 pounds with literally just the clothes on his back to survive. here is our salt lake city affiliate. >> this is where william started what he thought was time of solace in the dessert at the trail head. he ended 50 miles downstream. >> he was glad to see anyone. he started talking and telling about his ordeal. his hardships and what he had done to survive. he kept talking. he was as much starved for companionship as he was nourishment. >> the deputy and helicopter pilot with the utah highway patrol spotted him from the air sitting in the river. >> he said he caught a fish. he ate a couple toads along the river. some roots.

anything he could find that he thought would provide nourishment. his autism came through quickly. we tried to encourage him to eat something and drink so we could assist him on to the helicopter. he started to resist that. he didn't like pressure. he was too weak to get up. he was, for the last day, he said he was crawling from the river to the bank where he had been camping for the night. he was in tough shape. i don't think he had another 24 hours left in him. >> be sure to join us in the 10:00 a.m. eastern hour when i'll speak with the pilot who spotted william. the hiker needed coaxing to get him into the helicopter. we'll hear more of that amazing rescue. a new jersey town puts the spotlight on people who run red lights. what they caught on tape might make you think twice about the way you drive. plus this, the number of

murders in chicago surpassed the number of troops killed in afghanistan this year. why so many? >> the wrong people are getting their hands on these weapons and they are using them to essentially wage war in the streets of chicago. >> we'll hear from that man there. he's a police officer and e.r. doctor in chicago. he says the violence there is the worst he's ever seen. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪

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welcome back.

the numbers are staggering. the headlines so frequent they are mind numbing. i'm talking chicago. the violence there is nothing new. this year, it's turning out to be especially bloody. take a look at this with me. this year, 259 murders in that city. that is already up 38% since last year. now, let me give you some perspective on this. more people are being killed in the streets of chicago than u.s. troops in afghanistan this year. all the senseless murders and there aren't even gun shops in chicago. somehow, thousands of illegal weapons are making their way on to city streets. i tracked a gun responsible for killing a chicago police officer. you may be surprised to find out where it came from. thom wanted to be a police officer just like his father. his promising career with the chicago police department ended suddenly in may, 2010. the officer was gunned down by

four gang members trying to steal his motorcycle. it happened in a matter of seconds, just outside his parent's house. his father, a retired police sergeant grabbed his gun to try to save his son. >> i saw them with their guns. i hollered out to them. >> you shot one of them? >> i won't say anymore than they shot my son and in return they were shot. >> this is where this tale of tragedy ends. investigators would soon figure out where it began. about 600 miles away in mississippi where the gun used in the murder was first purchased. this atf agent who asked not to be identified worked the case in mississippi. >> it showed one of our defendants purchased that firearm in mississippi. >> it was purchased in 2007 by a man paid $100 to buy guns for a

gun trafficker. >> individual went in, completed the paperwork, gave the firearms to mr. gates and never thought about the guns again. >> the atf says three people paid him to buy guns for him which he gave to gang members in chicago. >> he preyed upon college students. he paid them $100 to go into a gun store and fill out the pabwork. >> the atf knows of 16 guns trafficked into illinois. this map shows some of the crimes involving the guns. there's no way to know how many of his guns are still on the streets. the atf can't trace them until they are used in a crime and recovered. this is where some of the illegal guns are stored recovered from the street. agents have seen a greater demand for more dangerous guns.

criminals are no longer satisfied with a smaller gun like this .25. they are demanding traffickers bring them something like this, a .9 mm. this one can do more harm. andrew was an agent in chicago at the time. he says an illegal gun may stay on the streets for decades. >> we recovered a gun purchased in the '70s. they can bounce around and be used in multiple crimes. >> guns are trafficked into illinois from 25 states because there are no gun stores in chicago. how much money do they stand to make? >> close to 100% profit on the guns they sell. in this case, gates made a few hundred dollars profit on the gun that fired the fatal shot. in the game of gun trafficking, the price of a policeman's life. the drug trafficker in this case

was caught and is serving a ten-year sentence. our next guest deals with this violence on a daily basis. he's a trauma surgeon in chicago. he's always a police officer. steve, good morning. >> good morning, how are you? >> i'm well, thank you. you have been working at the hospital for 13 years and you say that this is some of the worst violence you have actually ever seen. why is that? >> i think it's multifactorial. certainly, between the drug trade that is going on, the gangs, the availability of guns, i think they have all conspired together to take the violence basically to an unprecedented level. it's truly at an unprecedented level now. >> what type of cases are you seeing in the e.r.? gunshots, knife attacks? what do you see on a daily basis. >> good question. the answer is, since yesterday, we have seen 512 gunshots and stab wounds.

it's penetrating injuries. >> this doesn't include yesterday? >> no, just since yesterday when we looked at statistics. from january 1st until yesterday. 512 gunshots and stab wounds. that does not include the blunt trauma, assault, pistol whippings and violence associated with the gangs and drugs. it's really a huge amount of violence we are seeing on a daily basis. >> when you talk about the victims, who are they? are they young? are they old? we hear of chicago school kids getting killed. we did a lot of that happening in chicago a while back. are they mostly gang members? >> unfortunately, that's the problem. it's not just gang members against gang members, it's innocent bystanders, children hit in the cross fire. a month ago, i had a 1-year-old shot in the head. nobody is immune from the

violence. we have infants to neonates up to 20s, 30s, 40s, 50s. everybody is affected by the violence. i see many people not necessarily tied to the violence themselves but the unintended target of the violence. it's very, very difficult to swallow. >> it's terrible to see the kids outside working on their homework getting caught in the cross fire. there have been plans to curve the violence but nothing works. i want to play a video on the newest plan. take a listen. >> the issue with the violence is the shootings between the gangs. we have spoken about this and spoken about this and spoken about this. the fact is we did not have a comprehensive strategy to address it in the past. we have things we did about gangs. we now have a strategy to address it. how is it working?

it's working pretty well because this weekend alone we had less shootings than we did for any weekend this year going back to february. >> so, bottom line, steve, do you think this will work? >> you know, it's a disease process. if you have somebody that is diagnosed with cancer and they have an advanced cancer, you are not going to snap your fingers and all of a sudden it's going to go away. you have to have a multiproblem, a multifactorial attack to the problem to potentially get things under control. yes, i think the things they are instituting may help. one of the things i'm involve with, which is cease-fire is one of the things that need to happen, the out of the box thinking. not the programs or educational based programs but programs that think out of the box and go out into the street and into the conflict to resolve and mediate

and prevent retaliation. it's one thing i believe in. i'm on the board of cease-fire. i think it's important. programs such as that along with a policing strategy, increased police officers. i think there's got to be a sort of comprehensive approach to the problem. it's important to the public. this is not going to go away. this is not going to disappear. it's a disease process that needs to be treated like a disease violence. it's one day at a time. very important. you know, you save one life at a time. what i learned is saving one life has a lot of impact. you don't realize one person who is injured or one person who is killed, they have their family, friends school meats. there's a lot of people hurt by vi lens secondarily or in addition to the victim. it's a huge problem. i think we would be kidding ourselves if we think it's going

to go away today or tomorrow. one life at a time. one child at a time. one incident at a time. it's a huge problem. it's going to take a very, very long time, unfortunately, i think, to get it under total control. >> especially with the gangs, there's revenge killing. it gets bigger and bigger and bigger. thank you so much. nice to have you on the show this morning. >> thank you very much. chicago isn't the only city hit with a rise in crime. new york is seeing a spike as well. one city lawmaker has a fix. we'll hear from him next hour. a family tragedy for hollywood. sylvester stallone mourns the loss of his son. a bank with more than $10 trillion in loans. that's credit cards homes and mortgages. we'll break down what you need to know. the greatest empires. then, some said, we lost our edge.

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focusing now on your money. bankers behaving badly has been a theme of the global recession. a lotf focus is on american banks until now. public outrage is growing until years they manipulated live war, the most important benchmark for interest rates. it's impacted $10 trillion in loans. your credit card rate, car loan, home mortgage, just about everything. richard is joining me from london. good morning to you. in super simple terms, explain what it is and who actually sets it. >> it is the london bank rate.

forget it's in london. it's in all currencies, the euro and the dollar. what it is is the banks getting together and working ou amongst themselves what money they would lend to each other. known as the wholesale rate. they put that into the market. they take the top and bottom out. you get an average. that number is crucial, randi. it's thebarometer, the benchmark, if you like. for example, a bank in the midwest of america may make a car loan at liable plus 2%. a bank on the west coast may be selling you some insurance or a loan on a sofa and it will be liable plus 1%. that's the way it works. the benchmark by which others determine what interest rate they will charge. it all goes back to the 16 or so

banks with their rates. >> could this scandal have created a ripple effect of jobs cut since 2008? >> let's take a breath at this point. a deep breath because it's been a lot of hype about the effects of the liable fixing scandal. the truth is, we don't know. yes, there were those cases where every interest rate during those times where liable was being fiddled would have been effected. here is the problem, randi. sometimes liable is fixed higher and sometimes lower. those municipalities would have gained as a result and some of them would have lost. we simply don't know. also, it's by no means that all the fiddling of the rate actually worked. i think, personally, that this is not so much necessarily a story about did somebody pay a

bit more or somebody pay a bit less. it's the ethics and integrity. the whole issue of liable that these bankers thought for whatever reason that it was okay to fiddle and fix the single most important interest rates in the world. >> i guess it's hard to know, some did benefit and some did lose. cities and states from massachusetts to california are looking at their pension funds saying wait a minute, did the banks force us to lose money by fiddling with the interest rate. >> yes. >> it's going to get messier with the lawsuits coming. >> there's no doubt in my mind, if you drill down far enough, you will find a municipal bond or pension fund that did a transaction based on liable where it might have been one way or the other. no question about it.

if you look at the fsa report, it's online. there are certain dates where you can see how one did have an effect. here is the point. it wasn't just barclays in the uk. we don't know the full range of banks thatere up to it. the investigation is still on. barclays were the first ones out of the gate to say hands up, we'll take the fine. we'll get a discount for that. we did it. bu what we don't know and this is perhaps a bigger scandal at the moment is who else is in this pit with barclays. >> you certainly helped in a big way in terms of understanding how this happened, why it happened and who is involved. we'll check out your article at cnn.com. thank you very much. coming up in ten minutes, investigators say these two men were aiming to shoot to