who picked them for me? dierdre: i will speak to the producers. we'll talk more in case, melissa francis, right here, with "money." melissa: absolutely. so hold the fireworks. this jam-packed holiday shortened week, set to be a true test for the economy after that lousy fdp report and it ain't easy being rich hillary clinton can't seem to stay out of the "money" spotlight. her defense as outrage grows over how she is making those millions. facebook altering news feeds to see how people respond. the reaction? complete outrage. retail's worst nightmare is getting even harder to track. even when they say it's not, it is always about money. four days, five huge indicators of our economic fate.

july 4th may mean a short work week but economic worries not taking a holiday especially on the heels of that gruesome gdp number. key numbers on manufacturing, auto sales and construction due tomorrow. with the jobs report expected on thursday, here now very own charlie gasparino, along with "wall street journal's" veronica daguerre and james frischling. what do you expect with the economic indicators? that is lot to throw out on a short week. >> will we see in terms of job growth what will we see in terms of wage growth? that will empower if we're continuing improvement in the economy we need to see some wage growth. melissa: i don't think we'll see any of those things. we can't head escape velocity. we can't get the economy from the stutter step to breakout growth period. james? >> less robust the economy the less aggressive the fed is going to be. i think veronica is right.

the jobs number will be big number. it is supposed to be over 200,000. wages are not moving up. a whole generation of people are struggling. the markets might be favored by a somewhat less robust economy. melissa: charlie? >> i agree with you 95%. there is one indicator that is kind ever interesting, and that is financial stocks right now. financial stocks are trading off big-time. melissa: right. >> what i'm saying that's usually a harbinger the market, you need financials to keep a bull market going. when the financials are covered, we started recovering in the market back in 2009 and they are, for some reason they're trading off now. now it might just be a blip but if i'm an investor i'm watching that. i never tell people to buy stocks. i say buy index, buy markets. if you want to buy this market it, it has to be correlation with financial stocks, a positive correlation. >> you can't have a recovery without the financials, i agree with you on that. actually we've been favorable on particularly the big four. >> right. >> it is almost a perfect storm

for deal-making. ipos up 40%. m&a activity at seven-year high. low rates, strong pricewaterhousecooperss. deal flow is great. headwinds hitting financial stocks a lot of regulation and litigation and compliance stocks. melissa: every time you turn around it is something new. dark pool stories you. >> can get through those. that stuff, that is what i'm saying, this might be a temporary pullback or it could be the fact that the fed will have to raise interest rates at some point. i hear both stories from people that run the banks. james gorman that runs morgan stanley. he tells you rates are good when they go up. i think they get positive carry on the float for the retail customers. that is why. but a lot of people in the financials don't like higher rates. it does something to deal flow and things of that nature. obviously people don't sell as many bond when rates go up. there is issue with that. melissa: that will hurt first-time buyer. that buyer is not in the market f rates go up we'll see even

less lending by those banks. melissa: that is big point of weakness. we were talking about data coming out this week. a lot of it is housing and first-time homebuyer is not in there right now. you know that is leaving a big hole. >> if i'm an investor i'm looking at financials. i'm not saying sell everything. i agree with you 95% the time i agree with you. pay attention to it f it keeps trading off i don't think we can keep going up. melissa: gopro enjoying another day of extreme games. the little camera that could yet to see a day in the red since the thursday debut. i can't talk this one down. look at that another 10%. james, would you buy in. >> i don't want to challenge this but this but disrobtores come out with incredibly -- melissa: not a disruptor. this is really cool camera my kid put on everything. beyond that, i don't know what it is. >> i'm going frothy. i'm not buying. melissa: i love that video.

that is i watched it live when he did that. >> cool camera, what do you mean by that? melissa: action camera. mount it on your head and bike on surfboard. you do some sort of a crazy stunt and gets an incredible shot of it. everybody use, one technology used originally in the military. they put it everywhere. i was on a aircraft carrier in the middle east and they had them out on every weapon if they engage the enemy at some point they would have record who fired first. they're indestuckable. everybody using them. this is so a one-trick pony. that is taking video. it is incredible, phenomenal. you see it doing all these things but it is at end of the day a camera. >> how big is the market? melissa: how many do you need? they're hundreds of dollars. >> hundreds of dollars. what is to stop a lower cost competitor from coming in. melissa: no barrier to entry. >> that is not an easy technology to build. melissa: that is how they have gone this far. >> trying to capture the experience. that would be the whole, if i'm looking at this stock, i'm saying to myself this technology

i could come advertise? this is fun gimmick to have if you're into sports. can commoditize. melissa: i think you can. >> you have to find out before you sell it. melissa: it is a good thing to be jay-z. good thing he is a pretty secure guy. beyonce, not him topping "forbes" list of of most powerful celebrities. >> who is hova. melissa: hova. been to like 10 concerts. i'm not doing it again. it is jay-z. this was like gangsta name. >> see how many concerts. she did ridiculous amount of concerts. she did less than half the amount. melissa: she is work it. >> nobody manages their brand better than combination. they are companies and they manage it very well. melissa: they are phenomenal. on the list our very own sean hannity, very impressive. most powerful celebrities. >> next time i see hannity, he

is buying. melissa: he is buying. hannity is on the list. another interesting one, ryan seacrest, the host with the most for how long. he has such a huge empire. owns the card dash shuns. owns so many shows. melissa: not just a pretty face. hannity is powerful. influential. the show is called "money," he is raking in the ka-ching. he is doing okay. he is doing okay. >> not bad from a guy from long island, huh? melissa: roller coaster rolls on after blazing up the downloading charts, messaging app yo suffering a downturn. wa-wa. that made them more desirable. and they sort of trickled down. has anyone here at the table downloaded yo yet? no. >> i have not downloaded it. i checked my crack team of teens and 20-something-year-olds.

the answer was it is cute, it is funny but no. not growing to happen. not going to work. >> i can't understand this one, call me old, i get the camera as your skiing or working or doing whatever, extreme sports. melissa: i will not call you old. i want you to come back tomorrow but go ahead. >> i don't get it. >> i don't get it either. >> i want to buy 138 more characters and get 140 to twitter. missing a lot of characters. >> i think this technology can be replicated. melissa: that is the problem. there was hey. >> hey. melissa: there was hey. we were thinking some other ones. somebody said no. that's a good one. we've got break news. we're learning president obama is getting ready to deliver a statement on immigration reform. this is from the white house. it will be at 2:50. we'll bring that to you live. 2:50 today the president talking about immigration. we're just hearing that. we'll bring it to you live. thanks to all of you. appreciate it. gm's fate is in feinberg's hands. top compensation expert kenneth

feinberg puts no limits on total amount he can give to gm victims but is this a clever move to get the company back in shareholder's good graces? >> uber promises fast and free weddings to san francisco couples but not many actually got to say i do. more "money" coming up. ♪

melissa: general motors is ready to open its wallet. the automaker announcing compensation plans for victims of its faulty ignition switches and there there will be no limio the total amount to be awarded to victims. fox business's new cavuto speaks to gm fund manager ken feinberg tonight. here is a sneak-peek. >> purely voluntary. nobody has to come into this fund. secondly -- >> but if they do they can't go the other route? >> that's right. they don't have to make that decisions until they know exactly how their claim will be treated and how much money they will receive. melissa: here now, fox news senior judicial analyst, judge

andrew napolitano. so he says there is no limit. >> well you know -- melissa: how big can it get? >> it could be as big as gm's either generosity or business instincts drive it to be. this is a very, very weird and bizarre bankruptcy, because of the 800-pound gorilla in the room at the time. bankruptcy, the federal government, created an entirely new gm which was insulated from the consequences of the negligence of the old gm. these ignition switch problems occurred under the old gm, the one that went bankrupt an the one federal government used to own. any money that ken feinberg distributes by gm now is because gm thinks it is a good business decision to do so. not because it is trying to avoid litigation because no court could order it to do so. so, is a life worth a million dollars? the measurement of a human life in a courtroom is the financial loss to the survivors, not the emotional loss, the financial loss. so you can't say every life lost

because of the faulty ignition switch is worth a million dollars. some will be worth a lot more. some sadly will be worth a lot less. melissa: does it make sense to join in if you were one of the vix timms. >> yes, it absolutely does. there is no other practical way for you as an heir or if you're injured, you as the injured plaintiff to be compensated other than by out of the business judgment or big heart, if you will, of general motors because no court is going to hear your complaint. melissa: absolutely. catch the rest of neil's interview with ken feinberg, 9:00 p.m. eastern here on fox business. i want to move on to another big case. the supreme court handing down big victory for hobby lobby. the justices ruling 5-4 allowing employers with religious objections to opt out after obama care rule which was to provide free contraceptive coverage for employees. you know better than i obviously, but when the business and the owner were sort of one. >> yes.

so this decision today does not apply to s-corps. it does not apply to corporations that are publicly-traded, excuse me to c corpses. no at apploy to those publicly-traded. those are s-corps which are family corporations. it applies to sole proprietorships and non-profits. that is sleeper. if you add together, sole protry toreships and non-profits, and s-corps, it is over 90% of the american workforce is employed by them. melissa: wow. >> so who is going to pay are to the contraceptive services, if the owners of these s and non-profits and zoll proprietorships opt out of them? i don't know there is political will for the government to do so. the federal government has not financed an abortion since the reagan years. this will be interesting where to go. this is problem the president didn't anticipate. melissa: we're focused on money part. a lot of people have different opinions and the show is called "money" and implications are

huge. >> implications are huge. it is not in the budget. the president will have to go to congress. no way a republican congress will let him pay for this. melissa: fabulous to be with you. >> always great to be here. melissa: what would you say, consumer staples, health care? how about utilities of all things? the safety bet has seen a 16% jump as the first half comes to a close. in fact we have seen the strongest gains for all the major sectors year-to-date, consumer discretionary only real laggard. just barely. turn to alan knuckman in the pits of cme. do you think utilities stay on their run. >> people like the safety aspect of it. i think there are good stocks in the dow that haven't papered in the rally that condition also participate in the category as well. something like ge can get to 31 based on technical moves. that is another 20% higher or some that has inherent safety value in it. i'm looking at some stocks for the second half of the year that have been dises interested. i think yahoo! which had been, down about 13% year-to-date.

it is up 40% over the last year. around think this 35 breakout area it come back to, think this is good base to lean against. believe it or not, staples, from reward to risk at this level, monthly basis something to lean on. it hasn't been below 11 since 2003. that is something to think about. i will go back to my go-to, i will go back to apple. get back above 59 in apple. we're going to 100. that is another 8% higher. lastly the euro currency has bottomed out. euro looks like it had a base. the dollar is trading below 80. that has solid implications on all stocks. as dollar gets weaker, that makes our corporations more attractive. melissa: alan, thank you so much. appreciate your time as always. money has been flying around the world, starting with france where lawmakers pass ad anti-amazon bill to help out local booksellers. it prohibits large online companies like amazon giving

free delivery on discounted books. french authorities say likes of amazon are killing off their smaller competition by practically dumping books in large quantities. great for the consumer. oh, well. over to china. big pharma bribery investigation has taken a dark new twist with the emergence of a sex tape. scandal-ridden, glaxosmithkline received a video of their most senior manager for the country getting intimate with a mistress in his shanghai apartment. the drugmaker's china business has been already badly damaged after a strange string of allegations involving kickbacks to doctors. in scotland, officials are battling to get a local delicacy on dinner plates. haggis. which is basically a bunch sheep parts stuffed in other sheep parts. oh. was originally band and with good reason back in the united states back in the 0's. now scotland wants the band lifted saying many americans would like to have access to it.

obviously! maybe in order to celebrate their scottish heritage but i'm not scottish and i'm not eating that. coming up, did the franchise kill the movie star? how the biggest summer blockbuster may push hollywood's brightest to the age of extinction. social experiment gone very, very wrong. facebook messing with user's emotions and making no friends along the way. do you ever have too much money? ♪ [bell rings] ♪ time and sales data. split-second stats. ♪ its so close to the options floor, you'll bust your brain-box. all on thinkorswim,

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numbers of negative or positive posts. users are outraged but facebook is hardly the first company to run experiments like this. was facebook really in the wrong? fox business's jo ling kept and veronica daguerre join me now. jo ling, what do you think? >> this is interesting case. facebook had data scientists and had them for a long time. they had them for a reason. they have been conducting studies like this. this is no surprise. what is interesting the data scientist who conducted the study in 2012 apologized and for the wording in that. melissa: does he still work there? >> as far as we know no changes have occurred. they altered the algorithm to do this. a lot of major tech leadersmarck this is to be expected. if you agree to terms of service you put information into something. a lost ethicists -- melissa: this is crazy. battling left and right, veronica.

they're creepy. is person happier and put happy posts and if it is negative do they put negative posts. they're trying to manipulate your behavior by doing something to your page. it is creepy. >> it seems creepy to me. it is legal but is it ethical? that is the whole question. there are not as many teens on facebook as they used to be. some teenagers, very impressionable watching this, getting influenced potentially. maybe they're suffering from depression, whatever the issue is, taken to the extreme this could be a problem. people get really upset and -- melissa: i mean on a lighter note to the commercial extent of it, you could see politicians wanting to use this. that would be very valuable f we put this text in and influence people this way they feel more postively about things. very valuable information and like you said, i mean you expect them to be doing it. i think it is more interesting that the guy who did it came out and i wonder, if he is not fired yet he has to be in the principal's office right now. >> this is something sanctioned by facebook in the sense they have actually, you --

melissa: don't talk about though. >> supported by the institution itself. what is interesting when he came out and in his facebook post the data scientist said, look we actually have tweaked our standards for this type of studying. melissa: more tweaking. more tweaking. >> since 2012. big changes but on the elections front, these kinds of studies happened both within facebook and outside of facebook. melissa: nothing new. we're just hearing about it. we told you about uber weddings, the quickie service from the car company. the demand was so high, couples waited hours to be joined in holy matrimony. they sat on hold. the system was completely loaded. this was free. they get a lot of pr, veronica, does it backfire because they weren't able to do what they promised? >> seems like the backfired pr stunt for some people. i can't imagine being a friend of someone who wants to get married. there was story, people were waiting three hours in the hot

sun waiting for uber cars to pick them up. that is crazy. melissa: i don't know if i even believe that you're supposed to call at last minute, that is what you expect. that is what happens at last minute. uber's whole point we're ready any moment. >> ready for surge pricing if you're willing to wait for traffic or bad weather. interesting experiment on uber's front. a lot of companies were looking, especially tech companies looking to take advantage of pride weekend. melissa: it was all free. what they're good at is pricing appropriately for the market and where supply and demand, demand totally exceeded supply. it is free. what do you expect. you think flying first class would make anyone happy but british airways taking passengers emotional experiences one step further. it is creating a happiness blanket that changes colors based on flyer's moods to help cultivate a better experience at 35,000 feet. wearers of the wool blanket, strap a bluetooth band on their forehead. their emotions trigger tiny

fiber-optic led lights changing color of blanket. blue signifies peace and relaxation if you're flying. if the blanket turns crimson, stressed and filled with anxiety. it could lead to changes like in meal times and in flight movie options. i would be furious. we're running behind and this food is terrible. my blanket would turn bright red, i would be embarrassed. it would be red the whole time you. >> need a blanket to tell you you're annoyed waiting three hours on the tarmac? imagine. what will they do with the data. this creeps me out a little bit. melissa: or you're asleep keeps changing colors. someone makes a move very of it and posts it on youtube. this is disaster waiting to happen. >> sound like definitely should not have wearable technology of any kind, melissa, i'm stressed about a trip i'm about to go on. unpleasant all these trips are. all right. thanks to both of you guys.

it is a cruise. we'll talk about later. could be the downfall of the mall. traditional retail is in hands of a very critical crowd. you never guess who is dragging down former favorites like abercrombie and aeropostale. they're off. the race for the poor house is heating up and hillary clinton has got her in some pretty hot water. how will she get out of this one? "piles of money" coming right up. ♪

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melissa: we have breaking news right now, shares of gm are halting. nicole petallides on the new york stock exchange, what are you hearing? nicole: melissa, moments ago gm shares are halting because that is where it is traded. there is a huge crowd of traders standing right there.

it was new spending, traders speculating it was a recall. it seems to be in fact about safety recalls. we heard from ken feinberg talking about compensation for victims of the failed airbags that had died or harmed during accidents, but it looks like the traders are still waiting for the stock to reopen. 6.7 million vehicles. it was not heavy volume on the stock. really the stock has minimal move about a half a percent prior to being halted without a heavy volume we sometimes see building up. trading in a narrow range. with yet another recall of over 20 million recalls this year. melissa: neil cavuto will have that interview with ken feinberg coming up later on the network.

the conflict in iraq take a critical turn as militants declare the creation of a formal is atomic state. the head of the game on this one, the possibility on friday's show. >> they have done all the small building blocks a needed to organize the terror states, and they are using tha not to attace government. the real question is is the iraq he terror going to respond to this? so far the answer is no. melissa: from the institute for the study for war. now that they have done it, what does it mean, can erase the borders and just proclaim it or what happens from here, do you think? >> thank you for having me. in the short term they have done an excellent job from a strategic position to attack the forces a defeated the security forces in a number of battles out in western iraq. so the challenge now is they

have declare the islamic state, now they are transitioning to a new space where they have to execute in governance. some of these organizations have done so successfully. hezbollah is well-respected for his ability to deliver services. they have had their shot more or less been seen as a failure by the palestinian people, so we can hope at this point now that isis has declared the islamic state, but unfortunately the u.s. government has to do a better job of executing our own strategy not just waiting for isis to fail. melissa: talk about what this means to us. the talk was just how brutal and how ruthless these people were. a new era of international jihad, this is so much worse than al qaeda. is that an exaggeration?

>> not in the least, unfortunately. the best way to describe them is isis is the terrorist organization al qaeda aspired to be. al qaeda is a vicious terrorist organization, effective. isis has taken it to the next step. a couple fundamental differences between al qaeda and isis. al qaeda has always been a guest of somebody else. a guest of the taliban, they continue to be a guest in eastern afghanistan and western pakistan. isis said forget that, we want to be beholden nobody and we will execute our strategy without any concerns for close nations considerations. beyond that, al qaeda looks at the minority within islam as prodigal children who have to be reformed. they say the shiites have to be exterminated. they are trying to light off another civil war in iraq. if they do that, that will be strategic for them.

melissa: thank you so much, as always. so, the race for the poor house races on. >> if you have the lowest net worth of any president when i took office. now we have a good life and i am grateful for it. melissa: he ha is a 104 and dols since 2001. here now is fox news digital politics editor. this is the story that just keeps giving. they keep on trying to make it better and trying to sort of diminish the money the clintons have made along the way. is it working, the backfiring, why is tha it they keep talking about it? >> he has had good answers on this, he finds a way to brag about it and says i never had so many republican friends until i made all this money and they wanted to give me tax cuts.

his wife is the one who has bad lines on this. she has refused to be sheepish and say what can you do. instead she talks about how hard they work, it is as if she is refusing to accept the evidence thing. she lost running for president once before. mitt romney lost, john mccain lost running for president. they all lost to the same guy, and that guy was very effective talking about class resentment, talking about the differences between the rich and the poor. some we will do it to her again. melissa: it is like she doesn't get it. you are dead broke coming out of the white house where everything is paid for, speaking of which, now under scrutiny charte charto our $25,000 to give one speech at the university of them broughnevada.she said the my doo

me, goes to the clinton foundation. why don't you donate back to the students or waive your fee and speak for free. she said no, the money goes to my foundation anyway. how does that play? >> it is a state she's going to meet if she the democratic nominee. i would suspect she might soften her position on that, climb down off of this. not as if they are not rich enough. what americans resent increasingly is anybody who gets rich as a consequence of their service in office and that is definitely the clintons. talking to nbc, he obviously knows it, he gets it. until she is ready to admit that, she talked about how broke they were, how they didn't have this or that but until she is ready to admit she is rich because she was powerful not she is rich because she earned it.

melissa: it is worse, to make people even angrier, the fastener they should stop talking about money. just don't mention it again. >> barack obama stuck it to them about how rich they were and how elite and out of touch, somebody will do it to her again. melissa: thank you so much. >> you back. melissa: a reminder, we are going to hear from president obama shortly. immigration coming up. we will tell you about them live. plus, emeral a world cup win wen finally understand. as u.s. prepares for the knockout round. at the end of the day it is all about money.

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melissa: i am melissa francis with a fox business briefs. present obama sets nominates procter & gamble former ceo to leave the veteran affairs department. he spent 3 33 is at the consumer-products giant before resigning abruptly last year. he also has a military background having served as a captain in the army. u.s. justice department d due to announce a record-breaking $9 billion fine. france's biggest bank accused authorities of moving billions

of dollars on behalf of a blacklisted nation. such as sudan. global m&a is now at a seven-year high, deal volume surged more than $1.7 trillion up from 75% from the same time a year ago. the highest level since 2007. that is the latest from the fox business network giving you the power to prosper.

melissa: general motors shares still halted. six new recalls involving 7.6 million vehicles in the u.s., 8.45 million total in north america. nicole petallides on the floor of the new york stock exchange with more on that one still halted. nicole: just checked a moment ago, still trading once again, we will continue to keep you posted on gm coming unexpectedly. it does not come as a surprise to hear more recalls. they have been very cautious. we know it has been 25 million recalls plus and this is the latest. what is interesting is the stock did not have crazy moves are heavy volume, infect up about just over half of 1% trading fairly narrow range but a big group, we also had news on compensation plans and waiting

on more from ken feinberg on neil cavuto tonight. 7.5 million vehicles in the u.s. from 1997 through 2014. more on the breakdown of those vehicles but no conclusive evidence, the emissions actually causing crashes they are aware of. we will follow the story. this is really going to be an overhang on the stock, melissa. liabilities coming forth. ford on the other side of the coin has been a winner this year. melissa: i is inadvertent, there is no evidence the defective conditions cause those. thank you so much. a reminder, we are excited to hear from president obama shortly his remarks will come from the white house on immigration, we have that coming

up live. taking over the box office, hollywood progress still has a few tricks up its sleeve and time for a slew of summer blockbusters. you can never have too much money.

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rotation. the samish we had for the 2.6 million other vehicles for which today they just came up with this conversation four. most of them are older, but not all of them. the cadillac up through model year 2014. some older vehicles like the pontiac grand prix, the chevy malibu. oldsmobile, a lot of them but this is a lot of vehicles, 6.8 million just for this recall problem alone. it is also big because they admit to seven crashes, eight injuries and three more deaths. in addition to the ones they have already admitted to end this sort of speaks of a wide ranging problem emissions. this is not good. melissa: nicole, what is the chatter down there as this stock is still halted. nicole: they have to get the

okay to reopen stocks in part with the new york stock exchange, seeing indication of the chatter i am hearing is below the current price. around $36.50. that changes moment to moment. the point of that story would be it is looking lower. it was up .6%, up over half a percent a but it is looking like it could open to the downside. this is yet another blow to general motors that has had an extreme a tough time trying to get through this and provide clarity to everybody. melissa: jeff, let me bring you back in. it feels never-ending at this point. >> not only never-ending. it is starting to sound like what more can she say. we undertook the most comprehensive view in the company. our customers deserve or than we

delivered in these vehicles. that has heart of my resolve to set a new industry standard for safety quality and excellence, but this is the same problem, this is not just different recalls. if you other new recalls in this, this is big. >> it looks like they'll be opening the next few minutes now, i would stand by the next three minutes or so should be indications of wide-ranging, they will narrow that down, it may be in the next few minutes. melissa: don't move. more breaking is coming. president obama delivering remarks on immigration any moment now. let's bring in liz claman with a look at what is in store for "countdown." liz: writes now have the computers tend to general motors, if it doesn't happen in your show, we will get to it right away.

36.85, that is where it was halted. we will see the second it opens what it conveys at, we will bring back jeff flock for the latest pretty significant recall 7.6 million vehicles. it is halted at the moment pending this news it appears they were more recalls and more fatalities. a better story out of the auto world, city spends about to launch brand-new electric vehicles, this has got a ton of buzz, we have been talking a fox's as exclusive mercedes-benz usa ceo and president coming up not just about that, but a new suv trying to get more aspirational buyers in here with some money. luxury segment has done brilliantly. and the soccer ball that could power the world in my han handst on your screen, it goes from

kinetic energy to actual ability to plug-in and power for the third world so they don't have to use dangerous kerosene lamps anymore. the founder is nigerian but she made her way all the way to harvard, created this. at the world cup with a brilliant idea that may change the world. melissa: thank you so much. this is the top story of the hour. general motors halted. nicole petallides watching this on the floor of the new york stock exchange where we expect trading to resume momentarily. jeff flock is in chicago. jeff: now another half billion dollars charge in the second quarter bringing it to 1.2 billion in the second quarter. i just read through these vehicles now, oldsmobile, pontiac grand am, chevrolet

impala and monte carlo. this is a lot of cars and the older model, why they were not on this sooner. it sounds like the exact same problem. i don't know why we're getting this now. melissa: it looks like it is trading now. let's go back to nicole. the last trade before it halted, it looks like it is sinking now. >> it just opened moments ago, all of the traders spread out, still a big crowd which means system orders are working their way in, but already down 1.1% on general motors prior to the halt over half a percent, this is big news to have yet another recall for general motors where they are now admitting to more injuries and the likes. they were a result of inadvertent key rotation.

jeff flock was also talking about this being a content problem for gm that we have been covering all year long. this is affecting seven and a half million vehicles in the u.s. and even more so. so it is a big deal. melissa: as we talk about this, it was all over the map for where it may reopen. it halted at $36.85, this is not bad considering what we are hearing and the news, no? >> it is interesting trading as low as $36.03. yet another wildcard here for general motors, this morning we heard from ken feinberg trying to figure out compensation for the victims and everybody else, not only the drivers but other folks. this is just an ongoing story general motors and mary barra has her hands full.

that chart tells us the story, look at how it is now really sinking down one and a quarter percent. it could be worse. melissa: neil cavuto sitting down with ken feinberg overseeing the victims fund, what a day to be talking about this hearing about more recalls, you've had a chance to look a little bit more closely through some of the documents, what are you seeing now? >> the ken feinberg news this morning, that was kind of good news because they got their arms around other offers. this opens a whole new potential pool of claims. 6.4 million vehicles which the initial recalls only 2.6 million. only. this is a whole new pile of vehicles since the three deaths. melissa: seven crashes, injuries, three fatalities good the fatal crashes occurred in older models being recalled for

inadvertent ignition key rotation. there is no conclusive evidence the defect condition causes those crashes, so you are saying i relative basis that doesn't seem like as much. >> they have already admitted in the case of the 2.6 million, they were at fault on that one. this is the same problem but they are not yet admitting fault but you have to say it is the same problem, why would it not be the case? melissa: can you think of a reason for that? >> i think they're taking it step by step. they have this ongoing review, but cannot leave the ignition problem they had they have not been looking at admissions across the board, and she said for the first time a week ago to congress this may not just be our problem. talking about other automakers being susceptible to this.

now chrysler has a few models as well, but this appears to be a far-reaching problem with the ignition turning off and disabling airbags as power steering and brakes. nicole: i just wanted to add general motors is really taking this on. she has done her best to take this one step at a time to do investigations and the likes but we see some of the checks ranging for victims from $20,000 to several million dollars to any driver, passenger, pedestrian, occupant of another vehicle, where does it end for general motors and what investors want to do? do they think this is an opportunity, do they think general motors comes out on top? a little nervous about what is to come. melissa: and you think about consumers as well, they have done a good job of enduring the

early information that sales have continued to go on, but you have to wonder at what point does that stop. liz claman will be all over this in the next hour, that is all we have for you right "countdown" starts right now. liz: second-half playbook. a turning point for your money? stocks could take a cue from economic news this week including the critical jobs report. get your game plan right here. mercedes put put the pedal to te metal with rivals bmw, audie, lexus and tesla. it is about to begin shipping its answer to tesla and bmw electric cars. how will it win? mercedes-benz usa chief in a fox business exclusive. plus, world cup fever sparking innovations. we have the soccer ball that generates energy simply by being