Skip to main content

tv   Americas News Headquarters  FOX News  May 17, 2015 1:00pm-2:01pm PDT

1:00 pm
>> the key is knowing the cause. dehydration or too much. >> we are heading into the summer. we are heading into the summer. it's a big issue. >> doctor get a salt-rimmed margarita. that will help. while you're in nola. >> that's how i get my salt. >> thank you for watching. a fox news alert. a dire situation. the battle for ramadi and it appear that is isis has won. iraqi official now saying the provincial city has, quote, fallen to the terror group. earlier homicide bombers killing 15 iraqi troops as battles rage only. reports now some 8,000 civilians have been displaced. iraqi prime minister ordered security positions not to abandon their position after some forces retreated amid the isis threat. this apparent isis victory gives them a hold in the vital anbar province where 1,335 american
1:01 pm
soldiers lost their lives in the iraq war. hello, everyone. i'm arthel neville. >> i'm eric shawn. reports coming in of ramadi and the daring operation by u.s. special forces that killed that top isis commander. the boots on the ground raid conducted under the cover of darkness on saturday near the eastern syrian oil fields that isis seized. lawmakers are praising the raid. live in washington with more reaction on the raid. hi doug. >> reporter: hi eric. as you said the raid was daring also risky and an apparent unqualified success. delta force commandos were inserted deep in syria at night. the fighting was said to be hand to hand at a few points. the target isis' money man who
1:02 pm
oversaw the terrorist group's finances and profits of oil and other means and also killed at least three other high-ranking isis leaders and fighters and some of whom used women and children as spur of the moment human shields. a wife survived the attack and taken to a secure location in iraq for interrogation. no u.s. casualties and some of the aircraft were struck by enemy gun fire. commandos retrieve not only a few artifacts from this raid but also a trove of intelligence from cell phones to computers to paper documents. >> i do think the discovery of these electronic records and documents probably by far the greatest achievement because now we can actually look at the organization itself where the ten kls reach both within and outside syria because the best really defense to defend the homeland is a good offense and we need to take them out
1:03 pm
wherever they exist. the documents and records will help us to do that. >> reporter: despite that assessment the raid is criticized adds some as too risky. >> intelligence was good. but nonetheless, this was an extraordinary risk if one of our people was captured loths some of the special forces and tough questions to answer whether it was worth it and i think notwithstanding the success of the operation we have to ask the questions. was the intelligence value that we hope to gain and the fact that we are gaining worth this kind of risk? >> reporter: speaking today on fox news sunday florida republican senator and presidential candidate mario rubio praised the raid and said that the isis is still making gains. ap said they captured ramadi. back to you. >> doug, thanks so much. ? investigators working with conflicting reports about whether a flying object struck a
1:04 pm
train in philadelphia moments before it derailed on tuesday. the crash killed eight people and injured more than 200 others. meanwhile, crews are working very hard to get limited service up and running in time for tomorrow's commute. brian ennis is live in philly and picks up the story from there. bryan? >> reporter: hi first to the conflicting report. on friday the ntsb soliscited the help of the fbi to invest whether a flying projectile hit the train. investigators relying on two main pieces of information. a circular break in the windshield on the lower left side and a statement from an assistant conductor on board the train saying she heard the engineer have a radio conversation with another local septa train engineer and they said they were hit or shot at before the crash. passengers on a southbound amtrak train also say their train was hit by an object
1:05 pm
minutes before the crash. well today, the ntsb's lead investigator said the ntsb reviewed the dispatch tape and says the amtrak train engineer never said anything about the train being hit before the crash and the other engineer has no recollection of having a conversation with him. now, earlier today, on the sunday talk shows and down played the notion of a gunshot to hit the amtrak train before the derailment and that look trains are hit by rocks and other objects all the time and looking at this because all theories and leads are open to possibility for them as they investigate. take a listen. >> i'd alike to downplay that part of it. i've seen the fracture pattern. looks like something about the size of a grape fut, if you will. and did not penetrate the entire windshield. that's what we want to determine. we are looking at everything at this point. we have not ruled anything out or in.
1:06 pm
>> reporter: now, less than an hour philadelphia's mayor michael nutter and senator tom carper and the governor holding a reflection ceremony. the ceo of amtrak is expected to be here. a service of reflection they're calling. bringing you the latest when we have it. >> we'll look forward to that report. bryan, thank you. security con sug sul about the under investigation after the feds say he admitted to hacking the controls of an airplane while it was in flight and supposedly tampering with that aircraft. it is claimed that he caused an airplane to fly sideways but there's no plane that may have been after that suspect chris roberts kicked off the airplane for tweeting he might hack the onboard systems of the plane. court papers say he's hacked into systems 15 or 20 times.
1:07 pm
senate majority leader mitch mcconnell throwing support behind the nsa program. he says it is essential to protect the homeland. the kentucky senator coming out against a plan backed by the house that he said would effectively, quote, end the program. patriotic act is set to expire at the end of the month and mcconnell said he'd like a short-term extension of that program. fox news alert. a powerful storm system hammering the midwest from texas to minnesota. there are also reports of more than two dozen tornadoes across nine states and you can see baseball-sized hail cracking windshields in oklahoma while damaging winds and heavy rain leave chunks of texas reeling. one lone star county even reporting 13 water rescues in this severe weather outbreak apparently not over yet as it marches east.
1:08 pm
senior meteorologist janice dean live tracking it all, jd. >> the good news is that the threat is diminishing today. we have the potential of isolated tornadoes, we think that the tornado threat diminished. we are still watching the cold front. stretching across the central u.s. and snow. snow! in mid-may across the upper midwest and the northern plains. you can see for our friends in canada as well. so let's take a look at the threat. again, it's diminished and great news. however, living in minneapolis, madison, chicago, you have the risk for some large hail and damaging winds and i don't think we're going to see a lot of tornados with. this tomorrow we'll watch parts of new mexico in towards the big bend of texas as the next system moves in and the big problem is flooding. in some cases over a foot or more of rain in 48 hours. this area is saturated. flash flooding is eminent and
1:09 pm
continuing to see some of the same areas hit hard with more rainfall. ultimately it is a good news story because we near a considerable drought in the area. however, too much of a good thing can lead to flooding. there's the snow! that's the big headline here. snow across the northern plains and then seeing a new storm system move in and bring beneficial rain to the west. back the you. >> people are ready for not to have more snow and warm weather. >> i hear you. >> not your fault, though. you know? >> thank you for mentioning that. disclaimer. not my fault. >> exactly. mother nature. thank you. >> okay. imagine that in may? wow. pope tranfrancis is inspiring christians facing persecution in the middle east. canonizing two nunls named saints today before a crowd in st. peters square and causing controversy. john huttie has the details. hi john. >> reporter: well hey, eric.
1:10 pm
in terms of palestinian nuns the pope said there were models of showing charity, peace and unity towards all people. so take a look. they're the first arabic-speaking palestinian catholic saints to be canonized in modern christian history. now, they were born in the 1840s and worked for the poor including impoverished children founding schools and convents and both are credited with performing miracles a requirement for sainthood. st. peter square was packed today. the crowd included thousands of palestinian pilgrims that made the journey to rome to the vatican for this ceremony and really this was a day of both religious and political overtones. the canonization of the two nuns highlighted really pope francis' efforts to increase the number of christians in the middle east at a time when they're being
1:11 pm
persecuted by isis and we have seen the awful images of christians being executed. the ceremony also took place just days after the vatican officially recognized the state of palestine in a treaty. president abbas met with pope francis yesterday. they exchanged gifts. pope francis giving a medallion with an angel on it. the pope saying it was appropriate since abbas is a, quote, angel of peace. those are the pope's words. and abbas in turn gave pope francis a rosary used by st. bowardi. israeli officials said the reck in reck okay in addition is disappointing and said pope francis urged both sides. the palestinians and israelis. to get back together to try to negotiate terms of a peace deal to try to renew those peace talks so really eric the
1:12 pm
message today was about peace, transcending the political strife and turmoil that we're seeing so much here in the region. >> yeah. john and the persecution, the massacres of the christians and other religious minorities absolutely unspeakable. thank you, john so much. >> i agree. going up? not a trip up the elevator but climbing every single step of the new one world trade center. well'll tell you why some people are doing just that. the republican presidential hopefuls this past week pressed on the decision of going to war in iraq. remember the interview with jeb bush? how are they all dealing with it? >> knowing what we know now, would you have authorized the invasion? >> i would have and so would hillary clinton just to remind everybody and almost everybody confronted with the intelligence they got. take time for sunday.
1:13 pm
just know that your truck... has a little thing for monday. you total your brand new car. nobody's hurt,but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do, drive three-quarters of a car? now if you had liberty mutual new car replacement, you'd get your whole car back. i guess they don't want you driving around on three wheels. smart. with liberty mutual new car replacement, we'll replace the full value of your car. see car insurance in a whole new light. liberty mutual insurance. ♪ ♪ when you're living with diabetes
1:14 pm
steady is exciting. only glucerna has carbsteady clinically proven to help minimize blood sugar spikes. i'm a bull rider make it part of your daily diabetes plan. so you stay steady ahead.
1:15 pm
1:16 pm
marco rubio is latest republican candidate to have a tough time with what would appear to be a simple question. knowing what we know now would you have invaded iraq? it started with megyn kelly's interview of jeb bush. it is a rough week for the former florida governor.
1:17 pm
elizabeth prann with the details of washington. >> reporter: after a misstep in an interview about the iraq invasion republican presidential candidates both official and not are being pressed on the skigs of taking the country to war in hindsight. that includes florida senator marco rubio. he sat down with chris wallace. >> the question is if it's a mistake. i still say it was not a mistake because the president was presented with intelligence that said iraq had weapons of mass destruction. it was governed by a man who committed atrocities in the past. >> reporter: critics say he said it made sense to invade in 2003. there you him saying that was a respongs to invade without today's knowledge. different question. wi we governor walker also took on the hindsight question. >> i think it's pretty any president have the information they have probably made the same decision george bush did. hillary clinton voted for it as
1:18 pm
a me believe of the united states senate. but obviously now, knowing what we know today, i would not have gone into the war. >> reporter: hillary clinton isn't taking interviews but in the book "hard choices" she said she quote, made a mistake voting to confirm the war. bernie sanders voted against the war in 2003. back to you. >> okay. thank you. how will this play into the 2016 race some say is shaping up with foreign policy front and center. joining us is a reporter for "the hill." what the report card? hillary isn't saying anything except how they're dealing with the issue. >> you know a lot of republicans strategists i talk to are quite stunned quite frankly and a little bit perplexed former florida governor bush and senator rubio have quite honestly stumbled on this answer. i think it's really early in the
1:19 pm
race and will be able to move forward past this. >> if you watch the interview with chris wallace, rubio, as the others seem to say it's the same issue. that yes, if we knew then what we know now that we would not have gone into iraq. however, since we did not know then what we know now, based on the approval of the united nations that they would have done that. can they weave through this and who could potentially gain from that? >> well you know there's two points to argue. the first is you're right. i think that when you look at their statements they're kind of in alignment with most of the country based on the intelligence that former president bush had, he made that decision and other presidents arguably in both parties would have made that decision but the second point to make is nuance how
1:20 pm
they respond and articulate it to the base of the party and independent voter that is decide the election. at the end of the day, eric the top tier republican presidential candidates from former governor bush to senator rubio, governor walker and to some extent governor christie none of them cast the vote. the only person that voted in 2002 for the iraq war is their front-runner of the democratic party and that's former secretary of state hillary clinton. as we know she is not talking to the press and taking questions about it. >> she will be asked some point. i remember back to the security council isn't support it but the u.n. officials i know said they thought that saddam hussein had the chemical and biological weapons. when's hillary going to say? >> well that's the great question. you know? hopefully she'll answer it in the coming weeks ahead. back to senator rubio. this is early on in the process. he gave a well received foreign
1:21 pm
policy speech at the council of foreign relations laying out his vision. i think governor bush will try to get back on offense to articulate that message. either way, for former governor bush this is something that a lot of folks and strategists in the republican party thought he would have a clear cut concise answer especially given his last name and i do think he will have to offer that vision for the that response to the criticism and concerns quite frankly within the republican base that it not be an election of two powerful families. i'm interested the see how he's able to offer the clear vision for the future. >> it was very well received. he was peppered with questions for an hour between charlie rose and the others and let's read what was written about that. he says of marrowco rubio, quote, i consider him the strongest
1:22 pm
candidate in the 2016 field of either party. he hit hard at the obama administration disasters. is rubio going to get out front on foreign policy? >> i think he is trying to draw a contrast with hillary clinton and i think what's interesting about one of the three pillars he mentioned is of course the economy. and so i think there is a recent poll out just this week saying that the number one issues on folks' mind is still the economy heading into 2016. so i think he again coming with his background coming from a key swing state like florida, his supporters argue he is best positioned to make the contrast to former secretary of state hillary clinton and we have talked about this before. in such a crowded republican field, anything can happen especially this far out ahead of election day. >> it is far out and a lot of ways to go. kevin, good to see you.
1:23 pm
thank you for joining us on this sunday afternoon. >> have a great rest of the weekend. >> you too. >> very good. amazing event this morning at 1 world trade center. a valiant effort to help raise money to build homes for wounded vets. ♪ 1,000 people from across the country and around the world racing up 180 flights of stairs to the 90th floor of the new 1 world trade center for the first-ever world trade center stair climb. for the first responders and family members, it's a moment to take back the space where the loved ones lost their lives. for elite racers a chance to take on an american symbol. the race organized by the two foundations formed after the september 11th terror attacks is raising money to build homes for wounded veterans and for the education of orphaned children whose parents died in combat. retired army sergeant lost his
1:24 pm
left arm and both legs in ied explosions in iraq. he will be in a smart home. despite having two prosthetic legs he was determined to finish the race. >> when i was deployed to the 10th mountain division everyone always said climb to glory. it's a whole new meaning to me. i'll overcome the stairs at the world trade center. >> reporter: for michael burke, he finished the climb. captain billy burke died in the north tower saving two civilians and the rest of his team. his last words -- i'm right behind you. >> it was a tough clil. i'm telling you. i had a -- you hit that 30 40 60th floor, keep going. i'm right behind you. we needed him. it was great. it was a great experience. and for a great cause. >> reporter: the goal of today's race was to raise half a million dollars, enough to build another smart home. to donate visit tunnel to towers.org.
1:25 pm
very very good organization. >> wow. >> and they did a great thing and, you know honored the memories of the heroes and then some fun along the way. >> absolutely spectacular and so inspirational. meaningful cause. absolutely. coming up here despite us taking out one of the top leaders of isis isis is showing no signs of slowing down. iraqi official admits that the battle for ramadi is lost leaving isis in control of yet another iraqi city. coming up the weapons those iraqi forces left behind a fen the u.s. coalition can rebound from this setback. ar and i feel great because i used the truecar app. truecar knows what other people paid for this car so i know if i'm getting a fair price. this is how car buying was always meant to be. this is truecar.
1:26 pm
(cheerful music) go get help, boy. go get help. go get help! right now! if you're a cat, you ignore people. it's what you do. if you want to save fifteen percent or more on car insurance you switch to geico. it's what you do. go on kitty, kitty...
1:27 pm
unbelievable! toenail fungus? seriously? smash it with jublia! jublia is a prescription medicine proven to treat toenail fungus. use jublia as instructed by your doctor. look at the footwork! most common side effects include ingrown toenail, application site redness, itching, swelling burning or stinging, blisters, and pain. smash it! make the call and ask your doctor if jublia is right for you.
1:28 pm
new larger size now available.
1:29 pm
♪ if you're looking for a car that drives you... ...and takes the wheel right from your very hands... ...this isn't that car. the first and only car with direct adaptive steering. ♪ the 328 horsepower q50 from infiniti. fox news alert. iraqi official backing up claims by isis that the group has indeed taken over the entire city of ramadi. isis said they control the army base as well as tanks and missile launchers.
1:30 pm
that security forces left behind. let's bring in christian white, in an author of "smart power:" good to see you. >> good the see you. >> you know how significant is this? what does it mean and how did this happen christian? >> well it is kind of a big deal. i mean this is one of the last major holdouts in anbar. the massive part of the sunni triangle that reaches from near baghdad all the way out to the syrian border. and more importantly, this means that isis now has domination of that euphrates river valley that's responsible for a lot of water that's used in iraq for drinking or agriculture. and also controls still mosul up north so it's a big set bas fk frankly civilization. isis made a major gain and because the iraqi army is dysfunctional and also the people fighting on behalf of baghdad are dysfunctional.
1:31 pm
>> you know, earlier today the iraqi prime minister ordered shiite militias to prepare to go in the anbar province despite the presence could spark sectarian bloodshed. is isis on the verge of seizing the entire province? >> yep, i think it is. that move is no more likely than we have seen already to take ground against isis. there's been one instance of taking ground significantly back from isis by forces aligned with baghdad and that was takingty krit tick kit. forces said we're on a roll and taking territory back from isis and anbar. actually the opposite has happened. and, frankly, the idea of shiites going in to sunni anbar actually plays into what isis wants which is to cast it as a
1:32 pm
sunni shia conflict so this is a problem with the u.s. policy that's still thinking we can put iraq back together again and it's frankly better to look at reality is that this is three different states or protostates. >> what should u.s. and allies do now? >> well i think, you know if we're going to fight, if something is worth shifting from other elements of state craft to fighting we ought to fight to win and that means ultimately closing with the enemy. we just knocked out this guy, the number two guy with sy us that's fine if it's a small network of terrorists like al qaeda in the 1990s. but it's a real army a real state. it has government-like ways of collecting taxes of recruiting people enforcing the laws. if you want to defeat this if it's worth defeating the evil then we need to close with the enemy. and maybe that involves u.s. forces mabel it doesn't. but relying on baghdad, relying on the shiite forces loyal to the iraqi government we know
1:33 pm
with certainly doesn't work. >> let's take a listen now to senator dianne feinstein, you know she is the vice chair of the intelligence committee telling abc news today, listen and then i'll ask you about it. >> if we're not going to put troops on the ground then we've got to use our special operations forces to go in and collect intelligence also be able to capture people that might be able to be helpful. now, this was i think a picture perfect raid. everything went according to plan. >> so christian, i mean do you agree with senator feinstein? what about the intel that isis might have that we confiscated in that raid intel about isis? >> certainly i think it's better that the number go person in isis is dead rather than alive and undoubtedly we got good useful information. after all, it's a headquarters
1:34 pm
and if nothing else a headquarters apparatus is going to have information about what the various elements of the army are up to so hopefully we'll get information from that. we haven't defeated out laktdal qaeda by knocking out the top leaders. isis is a real proto-state. i agree with senator feinstein. the division of special forces boots on the ground are virtually the same thing. allies are looking for a u.s. commitment. we can't be in a five-star hotel and say kill isis for us. even though we weren't last time and pulled out last time. we need some sort of commitment and we need to get motivate sunnis to turn against isis not put our faith in a failed army out of baghdad that is shiite sen trick and that sunnis look at as an extension of iranian power. >> you say the takeaway is the u.s. should look at isis as a bona fide army military and
1:35 pm
then also consider not trying to piece iraq back together let it be split up so that's the takeaway i got from you. yes or no? >> yep. that's right. this is an evil army and if we win, worth fighting worth going lethal fight to win. >> okay. christian, thank you very much joining us from beautiful san diego. thank you. >> thanks. meanwhile, humanitarian cease-fire in yemen is now over. u.n. envoy calling for an extension to deliver more aid to the civilians who have been caught in the middle of that conflict. dozens of people killed there yesterday as the fighting continues. between the rebels and that saudi-led coalition. the cease-fire is largely observed and expiring later today. yemeni political parties holding talks to try to end the bloodshed. at home a delta flight makes a u-turn in the sky forced to turn around. coming up we'll fill you in.
1:36 pm
investigators are trying to get to the week of the bottom of the deadly train crash. an obscure law could limit payments to the victims. >> to see it in the daytime is almost indescribable. it is painful and amazing, it is incredible that so many people walked away from that scene.
1:37 pm
test. test.
1:38 pm
one piece of bacon with your egg, and an omlete for the king. okay babe, you got this right? yea, it's a piece of cake! i got this. alright. good luck. love you guys! bye! alright, everybody got their bags and lunches?
1:39 pm
yup! and how do we get to your school? make a left. keeping things under control is now easier than ever. at&t digital life home security and automation lets you stay connected to your home from nearly anywhere. guess you forgot about the dog walker! call 1-866-595-7988 today, for a special $99 digital life package. piece of cake, huh? call right now to get smart security equipment plus an outdoor video camera plus a garage door controller, all for $99. aw, come on honey, it's so late... woah, what are you doing up? so, how's it going? piece of cake! love you. so call right now to get smart security equipment, plus an outdoor video camera plus a garage door controller, all for $99. ah, right. thanks honey. real life needs digital life. call now.
1:40 pm
a scary situation for passengers on board a delta flight out of los angeles today. minutes after takeoff, the pilot had to turn around and make an emergency landing because of possible mechanical problems. there were 205 passengers and crew me believes aboard the atlanta-bound flight. the airline would not say what caused the problem. no one was injured and the aircraft was taken out of commission for service and another plane was brought in to take the passengers to their original destination of atlanta.
1:41 pm
well now to the amtrak crash f. the railroad is found liable for last week's devastating crash in philadelphia a little known federal law could limit the amount of money the victims recover capping any potential payout at a total of $200 million. that may sound like a lot of money but with 8 people killed and 200 injured, experts say 200 million may not nearly be enough. so what happens in these cases? joining us now is trial attorney and defense attorney. welcome. misty, this stems from a 1997 law that was intended to help amtrak financially because back then it was going bankrupt. >> right. >> is it fair? >> well you know it is going to limit the amount of money that these victims can get. but, unfortunately, it's almost a requirement because without this law amtrak would be virtually uninsurible and a huge problem for everybody.
1:42 pm
if we had another catastrophic incident no money in the pot to distribute to these victims. however, i agree, eric. it's a difficult situation because these are people's lives and this is medical treatment that may be required for the rest of their life and some of these victims may not get their just compensation due to this law. >> eric misty says uninsurible potentially. doesn't the government pay? isn't who's responsible? doesn't amtrak carry insurance? what happens? >> well amtrak is a quasi governmental agency and the government does have to pay and it's interesting to see if there's a product liability case like the brake didn't work or the acceleration is the cause of the train like an acceleration case we have seen so many of, that shifts the responsibility not only to amtrak but the manufacturers so it's a lot larger. i wouldn't be -- i wouldn't doubt for a second amtrak didn't
1:43 pm
throw in a little bit of extra money for pr purposes to make sure that for the public eye they're doing the right thing trying to make just compensation to the people of the horrible horrible tragedy. >> the lawyers will be all over this. the first employee suing for $150,000. misty, when we ride or we near an airplane for example, i mean it's all covered by these agreements. what can we potentially expect? you wouldn't think it's a horrible accident with maybe your insurance running out and it's not covered. >> right. i mean these catastrophic incidents present a big problem and airlines there it's different because there's actually a capper passenger. so we're talking about $160,000 per passenger. and as opposed to amtrak $200 million per incident. however, in the airline industry if there's negligence on the part of the airline then the families bring a civil lawsuit outside of that $160,000 cap. >> can they do that in this case
1:44 pm
with amtrak? >> they cannot. with amtrak we have limited to $200 million and the only other railroad case getting that level where the $200 million was at stake is 2008 crash in california. now, with that case the court agreed. they agreed that the damages exceeded $200 million and maybe $600 million and the court was bound and the railroad capping those damages at $200 million. >> what do you think will happen? >> what i think is going to happen is pool all these cases together. every one that's filed and injured and appoint someone as a special master retired judge, a lawyer everyone knows, for that person to look at the damages, evaluate them and put a monetary value on each person's case just like the oil spill in the gulf how they did that. they went someone to go through the damages, made sure that every person got their
1:45 pm
percentage of the campompensation and capped xorgt the $200 million cap is. >> what do you say to the victims and victims' family? let me read you a part an article in "daily news" and an interview with a dad. my son was nipped in the prime of his life but he did not have to die. i sit here now after my body's body and listen to the amtrak and federal people say that the safety mshls that could have overrode the speeding train could have been installed except for the time and money. time and money? my son is dead because of time and money. this is insane and he pauses. his sigh is as long as the fracture in his heart. misty, just breaks your heart to hear that. >> it's absolutely heartbreaking. my heart goes out to the victims and the victims' families. i mean this was a catastrophic event. this is just a tragedy. and there's nothing -- no amount of money to ever resolve what
1:46 pm
these people are going through. and i just -- my heart really bleeds for them an eni hope that you know they can find some closure. >> finally, eric what can you say to that father and to the others and to the people who are injured when not only suffered this tremendous loss and that incredible human pain and then find out someone may or may not be responsible? >> that's the heartbreaking part about it. someone -- this probably could have been prevented. i ride that train every week for the most part. i get the 10 ride pack from philly to new york. i ride it every week. and this could have been anyone's son, father brother on that train including me. so this is one of the tragedies that i've dealt with i've litigated that i have been involved in that could have easily been me and it's just heartbreaking listening to that -- i mean i got chills eric listening to you read that because that could have easily been me. >> it could be all of us and we hope that they get justice no matter how that happens and this
1:47 pm
type of horrible incident prevented in the future and hearts and prayers to all the victims. thank you for joining us this afternoon. >> thank you. >> thank you. we are going to shift gears. millions of homeowners could be facing some hefty bills as home equity lines of credit hit their reset period so how can you try to lower these costs? we are going to talk to brenda buttner coming up next. spring feeding helps defend the grass against the summer heat to come. nbr: we knew that - right guys? oh yeah! scott: feed your lawn. feed it! when eating healthy and drinking water just isn't enough to ease my constipation i trust dulcolax tablets. i take dulcolax for dependable overnight relief and in the morning i am back to myself dulcolax, designed for dependable relief
1:48 pm
(dog) mmmm. we've been together since 2012. dinner is absolutely our favorite time together. i do notice that sometimes i eat better than her. i get my healthy bowl of beneful, and she eats a cheese stick and a cracker. that's what she ate last night. cheese stick and a cracker. can you believe what some people put in their bodies? (vo) beneful original is a healthy blend... ...your dog will love. with whole grains real beef and accents of vegetables. beneful. healthy with a side of happy.
1:49 pm
1:50 pm
1:51 pm
>> during the housing boom many americans took out home equity lines of credit. as the loans start to reset some folks could see their pavements more than double. look at this chart. if someone owes, for example $10,000 they initially pay the $25 in interest but with principle included it jumps to $55. if you took out a loan increase $100,000 the payment would go from $250 in interest-only to $555. what options people have to deal with this cost increase? brenda buttner is our senior business correspondent and the anchor of "bulls & bears." >> why is this happening? >> it is interesting. think back ten careers 2005, the height of the housing boom. your housing prices are going
1:52 pm
through the roof. why not go and essentially use your home as a credit card? a home equity line of credit is that. you take out, you have a credit limit but you are able to use it as you want for any number of projects to start a business, pay off credit card bills. people did crazy things. this is the 10th birthday, and at that point the drop period when you just pay interest turns into amortization and the payments can double. >> when you sign that loan, you are like, well, i get the money to work with and do not realize in 10 years you better pay that off or the interest rates will skyrocket. right? >> the other thing is, back then you thought my housing prices are going to go up and up and up and they don't so you have less equity.
1:53 pm
>> can you refinance? >> yes that means you would be starting over, you would have a draw period again where you would just be paying interest and you eventually have to pay off the balance at some time. you are just sort of putting it off. that does not 99 percent of these are on variable interest rates so it and almost positive that interest rates are going to go up in the next year and we don't know how much so that is taking a little bit of a risk. you will pay more. >> what could be considered a if interest rate? >> it depends on a bunch of things. the average right now is 4.72 percent and at the end of the year it is expected to be 5.2 percent just the beginning of the fed raising interest rates. >> so if you have these where the payments will double can you take it and somehow fold it into your regular mortgage? thank you is a good idea and a lot of people do that because
1:54 pm
you are take advantage of the mortgage rates which are low. you have a fixed mortgage rate. the problem is, you have to pay closing costs so you have to ensure you will be in your house long enough to pay off for that and you have to have pretty good credit and your home cannot be underwater. >> what if it is? >> you don't get it. you cannot surveillance video the two together. a lost homes are underwater which is basically you owe more than the home is worth so a lot of people are not able to do that. >> what happens if you are paying your mortgage just fine and now this payment is doubled say, like we showed the example of $550, that is a lost money. what happens if can you not pay it? >> you can always go to your loan officer. i always suggest you do that. there could be ways to creatively finance this. bottom line, you signed those papers they said in 10 years
1:55 pm
you are going to have the payments go up but banks want their money back so rather than defaulting on this, or going bankrupt --. >> if they default on this can they take your house? >> if it is folded into the primary mortgage yes bought the house used as collateral. >> but if it is not? >> they still can. it is using the collateral. >> so you would be facing a lien on your home? >> yes but housing prices are going up. >> good, so we will end on that note. >> you can catch brenda on "bulls and bears," every saturday morning right here on saturday on fox news channel. >> speaking of underwater in a different way the world's first underwater oxygen bar has just opened up. stay tuned.
1:56 pm
here at td ameritrade, they love innovating. and apparently, they also love stickers. what's up with these things, victor? we decided to give ourselves stickers for each feature we release. we read about 10,000 suggestions a week to create features that as traders we'd want to use, like social signals, a tool that uses social media to help with research. 10,000 suggestions. who reads all those? he does. for all the confidence you need. td ameritrade. you got this.
1:57 pm
ar and i'm feeling really good about the price i paid because i used the truecar app. see, truecar knows what other people in my area paid for the same car, like him. (cheerful music) and like her. ♪ and like them. it uses this data to calculate the truecar curve which gives you the price range for the car you want. this is how car buying was always meant to be. this is truecar. ♪ g and puffing... kind of like you sometimes, grandpa. well, when you have copd it can be hard to breathe. it can be hard to get air out, which
1:58 pm
can make it hard to get air in. so i talked to my doctor. she said.. doctor: symbicort could help you breathe better, starting within 5 minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. symbicort helps provide significant improvement of your lung function. symbicort is for copd, including chronic bronchitis and emphysema. it should not be taken more than twice a day. symbicort contains formoterol. medicines like formoterol increase the risk of death from asthma problems. symbicort may increase your risk of lung infections osteoporosis, and some eye problems. you should tell your doctor if you have a heart condition or high blood pressure before taking it. grandfather: symbicort could mean a day with better breathing. watch out, piggies! child giggles doctor: symbicort. breathe better starting within 5 minutes. call or go online to learn more about a free prescription offer. if you can't afford your medication, astrazeneca may be able to help.
1:59 pm
>> if you always wished to go "under the sea," now is the chance. the first ever underwater oxygen bar that opened in mexico. the 13,000 gallon aquarium where guests are given high-tech helmets and get oxygen and they can participate in a lot of under water activities including a games and a photo booth open to anyone eight years old and up
2:00 pm
and costs $38. >> would you do it? >> no, i like to swim. >> do it and swear a shirt. >> maybe. maybe i would. "media buzz," is next. >> george stephanopolis underfire for donating $75,000 to the clinton foundation and failing to disclose it to viewers or his abc bosses even when conducting a skeptical interview with the author of the book rip that very foundation and now the anchor has apologized. >> the clinton campaign has said you have not produced a shred of evidence on the donors and we have done work here and found no proof of any kind of direct action and i should have done the extra mile to avoid the appearance of a conflict. i apologize to all of you for failing to do that. >> how deeply has the former clinton white house aide heard his own credibility

119 Views

info Stream Only

Uploaded by TV Archive on