fiat is negotiating with the union to buy the shares they would outright own chrysler. >> chrysler would become not a u.s. company but an italian company. >> they are fighting over how much is worse. what they are saying is we can make chrysler stand alone american company, let invest gores buy sto-- investors buy sk and be on its own. he is trying to find the value of chrysler. according to fiat 1 billion and the union 10 billion. >> with fiat if fiat takes over all of chrysler would will he be able to boot the union? >> the unions could still be in the united states. they have to add here to u.s. labor laws. >> good-bye or bad buy for investors right now? >> chrysler? can't buy yet. >> oh, right. let's move on to our next subject. this is interesting. joe flacco the best paid player in the nfl. >> good-bye or bad buy? >> bad buy in this case because now he's the second best player because of state federal taxes so high in the united states. he makes 20 million a year. but in maryland the county taxes the city tax the state tax and federal taxes up to 20 million he will be paying someth

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chrysler back then made tanks. in fact, they were our only tank manufacturer, and it's interesting when chrysler comes out of debt and repays the government loan and kind of comes back to health, the main way they do so is by selling off the tank division and plowing that money back into the company. >> author and university of dayton professor larry schweikart will take your calls, e-mails, facebook posts and tweets on the founding fathers "in depth" live today at noon eastern on booktv on c-span2. >> next, alan blinder says the 2008 financial crisis was the result of the financial system becoming too complex and too unregulated.

back in the 1980s, but not the bailout of the chrysler today. what's the difference? chrysler then made tanks, the m1, a1 tanks the only tank manufacturers. when chrysler comes out of debt and repays the government loan and come back to health, they semioff the tank division and plow that money back into the company. >> author and university of dayton professor takes calls, e maims, facebook posts, and tweets on the founding fathers and other key events in american history, "in-depth," live sunday on booktv on c-span2. >> then in 2002, iran, which had been working with us secret le to quiet the afghan situation, woke up one morning to see they were part of the axis of evil. well, they were puzzled, reasonably, having fought a war with iraq for ten years and had nothing really to do with north korea, why were they part of the axis of evil? a chance we had really to do something to improve the u.s.-iranian relationship was really undermind with that speech, and we've been going over this for ten years, and 2003, you get the iraq war, one of the tw

chrysler back then maintains, they were our only eat manufacturer and it is interesting when chrysler comes out of, and comes back to health, and selling off the tank division and filing the money back. >> author and university professor larry schweikart will discuss the founding fathers and other key events in american history, in depth live sunday at noon eastern on

bailout of chrysler today. what's the difference? chrysler back then made tanks. in fact, they were our only tank manufacturer. it's interesting that chrysler comes out of debt and repays the government allowed in kind of comes back to help, but maybe they do so is by selling off the tank division implying that money back into the company. >> we had this incredible inability to digest information, process and operate. we started to get where we could be faster, but we develop a system for find, fix, finish, exploiting analyzed from a cycle you go through. you find somebody, fix them in a location, finish by capturing or killing. you exploit whatever you capture. you analyze and learn from it. it's basically a learning site and we would do that it would go through that process, but it would be painfully slow because we were operating different organizations, not all arcana to mind in different agencies, intelligence agencies and what not. this may surprise you, but not all parts of the u.s. government work toget

. >> a chrysler. it was like a navy blue chrysler.urned down the one way and pulled over and stopped and a couple of guys came out and picked up a girl. pushed her in the car. >> reporter: sources say two 10-year-old girls playing at the park in washington heights, 7:00 friday evening, called 911 after they saw a woman screaming as she was forced into a minivan at gunpoint. investigators believe a man may have also been stuffed into the vehicle. this,s before it peeled off screeching up a one-way street. >> in the beginning when she screamed we were nervous. the way they walked in, made it seem suspicious. like they knew whose car they were going into. >> reporter: a bold crime caught on tape, but no one has been reported missing. that's why investigators are blanketing the neighborhood with crime stopper posters. sources tell eyewitness news, the suspected female was spotted on west 177th and fort washington avenue and hour before the incident. that's why there are crime stoppers posted there, too. >> you stop here, like this. and th

. >>> chrysler is recalling 2500 dodge challengers due to a short circuit.ysler group says it's aware of seven such incidents and there have been no injuries reported. the company is contacted affected owners directly by mail and by phone. >> and as cyprus's bailout fears send global markets lower, we will head stateside as they engage the fallout on markets. stay with us. today is gonna be an impyou ready? for us. we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t

interestingly when chrysler comes out of dead and repays the loan to come back to health, they do soby selling off the tank division and putting the money back into the company.

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he's best known for his work on restructuring chrysler in its bankruptcy of 2009.s emergency manager, he will have the power to renegotiate or even terminate the city's labor contracts; privatize public services and sell some city assets. detroit's city council has vigorously protested the move. but today mayor dave bing said he will work with orr to do what's best for the city. >> bottom line here is that we must stop fighting each other. we must start to work together, and so i'm happy that now i've got teammates. i've got partners that can help me do some of the things that need to be done in our city. our citizens obviously deserve more than they are getting. >> warner: orr faces huge challenges in doing that: a city in which even police protection has broken down, and corruption has blighted city hall. just this week, former mayor kwame kilpatrick was convicted on two dozen federal charges of corruption and bribery. for more on the struggles facing detroit, we're joined by michigan governor rick snyder and the city's soon to be emergency financial manager kevi

i also looked at all these distinctive structures in manhattan -- the chrysler building, the trump tower -- you know what i'm talking about. one day, i knew that i would build something like that. i had to do it. >> he will not hold the european record for long. another skyscraper nearby will soon be leaving the mercury tower far below what it planned height of some 500 meters, including a viewing needle. moscow is now the fastest- growing city in europe, building on the ruins of past ambitions. in the 1950's, the soviet union hoped to outdo manhattan island, starting with the seven sisters, the tallest of which is the moscow state university building at 240 meters, the tip of the giant soviet star. to the rooftoppers, they are challenges. rooftoppers have invaded many of the world's cities, but nowhere else are they as daring as they are in moscow. here the star is the sum at -- summit. this video has counted more than 1 million hits. they risk their lives for a few seconds of internet fame. the star is just 19. normally, he and his friend work in pr for a company that builds skyscraper

this is a rush, play and my guitar at chrysler a arena. -- chrysler arena. [laughter] whoa. someone, lock the doors. this is an experience, except for the last sentence, which is for me as a genetics professor. so here we go. ♪ ♪ i came i bought the books lived in the dorms followed directions made lotsudy hard, of friends who had connections -- i worked, studied hard in a fairsay, not way than this, ih more did it their way ♪ [applause] now why did you do that? >> oh, goodness. i grew up in a musical family, and music has always been for me a break from the seriousness of life, whether it is a joyful song or a silly song. it is a way to use another part of your brain and relate to people, and as a medical school professor at the university of michigan, also learned that medical students are not so easy to keep interested, -- i also learned that medical students are not so easy to keep interested. for medical students, when it seems they were reading their newspapers or starting to sleep or maybe not show up for class at all. >> you were horn -- home schooled for how long? y

the detroit free press reports attorney kevyn orr, who managed chrysler's bankruptcy restructering, is the governor's top pick as financial manager. former gop presidential candidate mitt romney is also rumored as a possibility. the government continues to sell off its stake in gm. unfortunately, uncle sam took a loss on the latest trade. according to bloomberg news, the treasury sold 18 million shares when the stock traded between 26 and 28 dollars last month, collecting nearly a half- billion dollars in the process. all told, the government has recovered $29 billion of its $49-billion investment. the irs says h&r block is responsible for the delay of 600,000 refunds. marketwatch reports the nation's largest tax preparer failed to correctly fill out a form used to claim educational credits. people who filed thru h&r block may have to wait an extra six weeks for a refund. h&r block is working with the irs to correct the errors. credit reporting agency equifax is investigating a high-profile hack attack. equifax says it is searching for answers after hackers accessed the credit reports

the bailout of chrysler today. the difference? back then chrysler made tanks. in fact they were our only tank manufacturer. it is interesting, when chrysler comes out of debt and repays the government loan and comes back to health, the main way they did that was by selling off the tank division and putting that money back into the company. >> larry schweitzer will take your calls coming e-mails, facebook posts, and tweak on the founding fathers, live today on book tv, c-span 2. >> next, ben bernanke testifies before the senate banking committee about the health and progress of the u.s. economy and the potential effects of automatic spending cuts. this is just under two hours. ontoday's hearing is monetary policy for congress. progress has been slow but positive, thanks in part to the fed's monetary actions. the economy has added private sector jobs for 35 straight months. during that time over 6 million new jobs have been created. we should not sacrifice those gains by slamming the brakes now. moderate cuts will ta

chrysler. doesn't help the conditions for investment in the united states, if people know that laws will be overturned, and they don't invest in the united states, they will invest somewhere else such as singapore or other countries where they think credit is going to be preserved. i just wanted to end saying that george orwell would have loved the turn president obama and unions use. they've talked about the neutrality agreement. wasn't a neutrality agreement the did gave all the information to the unions, took away the right to a secret ballot. the employee free choice act is not free choice, would have taken away the right to a secret ballot in union elections and opposed mandatory arbitration, mandatory arbitration on unions and firms. finally official time, i rose an article about official time in today's markets, officials time is time government workers spent not working for the government but working for their unions and 35 people at the department of transportation this spend all their

chrysler, ford and general motors, along with other michigan companies, are donating $8 million for desperately needed police and ambulance vehicles. detroit's finances are now under the control of emergency financial manager kevyn orr. he is tasked with reigning in budget deficits that reach into the billions. china may soon resume handing out subsidies to people who buy electric cars. a couple of years ago, several cities, including beijing, began offering nearly $10,000 to electric car buyers. the deal ended in 2012, but it never really caught on due to the lack of charging stations and high battery costs. the chairman of byd, which is building the plug- in cars with daimler, expects the subsidies could happen in april or may as china attempts to curb pollution. byd is backed backed by billionaire warren buffett. new york city mayor michael bloomberg is planning a $12- million tv ad blitz to push for new gun legislation. the specific audience bloomberg wants to reach are senators in 13 states in advance of an upcoming vote on gun reform legislation. he cites national polls that show a vast m

. >>> chrysler, pouring $400 million into factory in indiana, creating more than 1200 jobs. the irs says the sequester means furloughs of five to seven days for its employees, but not until after the tax season. >>> the switch to reusable grocery bags may be helping the environment but more than 20% of seattle store owners say a recent ban on plastic bags has led to an uptick in shoplifting. >>> shopping for a home, how about bob hope's stunning 22,000 square foot steel and glass spread in palm springs? the pool, pond and all, 12 baths, can be yours for just $50 million. >>> for the fourth straight year, hawaii residents have the highest well being in the u.s. while west virginians have the lowest. colorado came in number two. it's hawaii. one enterprising young mother-to-be is outsourcing one of the biggest decisions of her life. her baby's name. natasha hill won a contest online and now that she's being paid $5,000 to let complete strangers name her child. still ahead, dealing with a death spot, dennis rodman and north korea's leader talk life-long relationship. a wickedly

. >> you walked chrysler through its bankruptcy problems, what, back in 2009.hrysler has now come back. general motor similarly gone through bankruptcy coming back. how would you compare what you're about to do with detroit to what you did with chrysler? >> you know, i and my colleagues at jones day and the other financial professionals involved were very fortunate to have had the opportunity to take chrysler through its bankruptcy and your direct question was how does it compare? chrysler was a situation where we had financing and we were trying to restructure a private business under chapter 11 of the bankruptcy code. they're making great profits, having year over year increase in sales. the chairman of the company has done a tremendous job bringing that company forward. the municipal issue is a little different. you have to provide services to the citizens, the customers of the municipality, citizens of the city. so it is a different environment, different priorities while similar in terms of what needs to be done from the mathematical aspects of a restructu

and it's almost as healthy and difficult as it will be, not dissimilar to what general motors and chrysler had to go through. the city needs the restructure in order to kind of hit the reset button. i think the political leadership is a great mayor is understanding the challenges. >> akerson spoke to us from an energy conference in houston, and he says he expects gm to have half a million electric-type vehicles, cars, and trucks, on the road by 2017. >>> and coming up, the threat to your cyber security. we're going to take a look at who's the most vulnerable to potential hacking. first, let's look where energy prices in treasuries finished today. >>> yesterday time warner announced it is spinning off the world's largest magazine publisher, a place where both susie and i used to work. i don't know about you, but i like holding a magazine or newspaper when i read one, no knock on tablets, but can old-fashioned papers and periodicals make money or even survive? john fort has more now on the future of the printed word. >> reporter: it's been rough going for print lately. media companies that o

chrysler sales rose 4%, while volkswagen sales ticked up 2.9% - its best month since 1973. toyota sales were up 4%. automakers say the sequester threat and gas prices brought a more moderate pace to sales numbers. unemployment is reaching record levels in europe. the latest data shows the jobless rate in the eurozone at 11.9%. economists suggest the extreme amount of people without jobs could prompt the european central bank to stimiulate the economy when it meets this week. one bright spot out of the eurozone - german manufacturing is up for a second month in a row. manufacturing momentum is also happening in the u.s. the ism factory index rose to 54.2, which means u.s. factories are working at their fastest pace in nearly 2 years. the rebound in the housing market, new car sales, plus a boost in overall business demand is behind the growth in production. consumers are taking a hit in the wallet. americans' incomes are down 3.6%, the most in 20 years. as higher taxes take hold of paychecks, economists predict it will have a negative effect on consumer spending in the month

. >>> meanwhile, chrysler is pouring $400 million into a factory in indiana. >>> the irs says the sequestereans a furlough of five to six days for its employees. >>> a recent ban in plastic bags has led to an uptick in shoplifting. >>> this six-bedroom, six-bath brick home can be yours for just $1.9 million. >>> and for the fourth straight year, hawaii residents have the highest well-being in the united states while west virginia residents have the lowest. colorado came in at number two. >>> and one mother to be is outsourcing one of the biggest decisions of her life, her baby's name. natasha hill won a contest online. now she's being paid $5,000 to let complete strangers name her child. is that a good idea? i don't know. >>> straight ahead, dealing with a despit. >>> plus, a wickedly dangerous situation when a semi goes too fast on slick roads. you're watching "first look" on msnbc. everyone's hair breaks. dare to see the difference with pantene anti-breakage. reduces hair fall up to 97%. get less hair fall. ♪ i took the dare. will you? anti-breakage. pantene. it's delicious. so now we've

-based lawyer who worked on the chrysler bankruptcy in '09. detroit has been struggling with budget deficits for years. it has $14 billion in long-term debt. orr said today he wouldn't rule out bankruptcy for the city but said he expects to be able to turn things around there without one. >>> on wall street here in new york today, stocks up again. the dow jones now on its longest consecutive winning streak since 1996. this is ten up sessions in a row. blue chips gaining nearly 84 points to another all-time high. nasdaq was up almost 14. s&p came within two points of its all-time closing high. up 8 by the end of trading. >>> still ahead for us tonight, rapid changes for men and women at home and at the office. a new look at the struggle to strike a balance between work and family. >>> and later making a difference by giving folks who have trouble expressing themselves a bold way to do precisely that. >>> we mentioned this right before the break. a big new survey on parenthood is out tonight. it's painting a picture of economic stress. moms and

up 7% chrysler sales rose 4%. as for imports, toyota fared the best up over 4%, honda sales fell 2%, but v.w. sales notched higher by 3%. the head of volswagen america jonathan browning fears the fast start to sales this year will moderate, tom, as the sequester's cuts drag on the consumer. >> tom: i guess it depends on your vantage point. ford's sales chief said he think the sequester will do little to derail sales. it comes down to the availability of capital to purchase the cars. a bright spot for the socks today. the major indices overcame some morning session to end with small gains, capping a volatile week. the s&p 500 began the session by falling 1% as personal incomes fell by the most in 20 years in february. but encourage data from u.s. manufacturers helped cut the losses and the index finished out the session up a fraction. markets began the week with profit taking and big drops, but by today's closing bell the dow industrial average was up 0.6% this week. the nasdaq gained 0.3%. and the s&p 500 is 0.2%

automotive sector, ford ceo alan mulally took a pay cut but still made more than his peers at gm and chrysler with $21 million. and in a 25-year-long tradition, warren buffett still makes $100,000. time is running out to claim nearly a billion dollars in unclaimed tax refunds. the irs is sitting on the money left behind by close to a million americans who failed to file federal tax returns in 2009. april 15th is the deadline to file and claim the refund. still to come, from ponzi to prison: the inside scoup on how a florida lawyer fooled investors out of a billion dollars. but first, detroit isn't the only city facing a fiscal emergency. the other u.s. cities under pressure next with bill moller, after this "in the know" message. now we have the future and the fortunes of detroit, michigan, handed over to a bankruptcy lawyer. detroit may be in the worst shape financially, but plenty of other cities are in serious financial stress too. is detroit just the first domino to fall? let's talk with brian battle. he is the director of trading performance at trust capital partners. you are involved fo

. >>> a lawyer who represent eed chrysler has been chosen by michigan's governor to be the emergency manager of detroit. kevin orr will try to fix the city's finances and try to avoid a bankruptcy. detroit is now the largest american city ever to have its finances placed under state control. >>> there's also trouble in many of the nation's counties. new figures from the census bureau show a record number of u.s. counties more than one in three are dying off as aging populations and weak economies force young adults to look elsewhere for jobs. >>> airport safety officials say they are allowing small knives and items like golf clubs on aircraft again to conform with international standards and make airport security checkpoints move more freely. the decision by the tsa particularly about the knives has been met with a storm of protests from a broad range of groups. hampton pearson has more. >> reporter: today the growing backlash against the tsa's decision to allow passengers to carry small knives on planes starting next month made its way to capitol hill. a coalition of flied attendant

looking at gm and chrysler the present gave the assets to the big united daughter workers instead of the legitimate creditors. that does not help investment if people know the laws will be overturned and investments expropriated this and they will invest some morales such as singapore -- somewhere else such as singapore. so i want to end that george orwell would have loved the term that the president and the unions used with the neutrality agreement. a gave all the information to the unions, it took away the right to a secret ballot. the employee free choice act. it is not free choice it takes away the right of the secret ballot and imposes mandatory arbitration on unions. finally i wrote an article about official time that government workers spent not working for the government but for their union and there are 35 people at the department of transportation who spend all there-- not doing anything for the federal government but only working for their union. 17 of these are air-traffic controllers and 16 of these are paid six-figure salaries and for some reason it is called the offici

chrysler telling owners not to drive them because they can catch on fire. cars from 2013 with v 6 enjinz made during a eight-week period ending on january 24th. the company says a short can cause cars to overheat and catch fire, customers being notified so they can bring the vehicles in for repairs. >> this afternoon, rules are change whigt comes to handling athletes that suffer a concussion. new guide lines experts now recommend immediately removing aj wleet a suspected concussion from a game or practice not allowing them to return until being assessed by by a licensed health care professional. an official spoke about the guidelines and says high school or younger aj lease leets should be managed more conservatively. >> l is a small percentage going to be going into major leagues. be protective over their future. it's going to be the brain function. right? >> the list of guidelines can be found in the journal of the american academy of you'reology -- neurology. >> parents say they're worried about the safety of the humanpapilloma virus vaccine. doctors are

. >> the man is 54-year-old kevyn orr, the one who oversaw the 2009 bankruptcy of chrysler and now will biggs state takeover of a u.s. city and he has one major goal to make sure detroit doesn't become the first big u.s. city to go bankrupt. the city is running a $327 million deficit and has not $14 billion in unfunded liabilities, things like healthcare benefits and pensions. >> the mayor and i discussed a true partnership. i'm not an elected official. never have been. do not represent the people. i aspire to be an emergency financial manager and when the mayor described his willingness to be part of the solution, and i hope as well the city council, i was compelled in a sense to undertake this endeavour. >> orr says he has a 12-16 month contract and hopes to get the job done sooner than that. >> there are folks who really oppose this new move. why is that? >> well, you heard the mayor say he is on board of this, but a lot of others in the protest, including the city council -- he called the mayor a quitter. we just learned the city council had threatened to sue over this. now now they

a red chrysler belonging to the victim is also missing. >> a house fire takes the lives of a housekeeperren. >> kentucky neighbors first saw smoke early in the morning and called 911. >> flames coming up the window and smoke. it was too late by then. >> a man his girlfriend and two other children. two other children spent the night for the sleepover. >> this whole road we live on we are all close together. >> children were young months old to 3 years old. arson investigators working to find a cause. they don't see any signs of foul flay -- play. a small lane hit the house the pilot died at the scene. two people were inside at the time. >> sounded like a gun shot. sounded like someone was shooting then when i heard the sound wint up to the win deaned i saw the cop that was in front of the house. >> it is not clear why but the engine failed moments before. >> a group of cyclists trying to urge congress to pass tougher gun control laws. each cyclist representing one of the victims of the sandy brook school shootings. one rierd lost his daughter>> i encourage you to look into the hearts and

a red chrysler belonging to the victims is also missing. tragedy strikes a small town when a house fires takes the lives of seven people, including five children. our first stop on this fox trip across america. kentucky, neighbors first saw smoke early in the morning and called 911. >> flames coming out of the window, smoke and i called them, and it's too late by then. >> harris: inside that home, a man, his girlfriend. her three children and two other children who had spent the night for a sleepover. >> this whole road that we live on, real close together: we know each other, it's just a tragedy. >> harris: family members saying the children were very young, ten months old to three years old. arson investigators working to find a cause and say they don't see any signs of foul play. washington, a small plane hits a house outside seattle. the pilot died at the scene, his nephew hurt, taken to a hospital. two people were inside the home at the time. they're okay. people blocks away heard it. >> sounded like a gunshot, really. it sounded like

in the chrysler thing, so were the labor unions. usually what happens is the company, unfortunately, goes bankrupt. all those contracts would be renegotiated and really then the car companies could become competitive. they could become like toyota or other successful companies that are nonaoupbzed and -- nonunionized and become successful again. we took the bankruptcy law and turned it on its head. when we do this and bail out banks and change the rules midpoint, it changes what investors do and it changes that certainty that investors need either in banks or in car companies. pension plans invest in a lot of these things. a lot of people think, the president had preference for the union because he liked the union. that's fine, but teachers are in a union too, and they had a pension plan and they own chrysler stock and they got ripped off because he changed the law and gave the money to the auto workers union. but he took it from somebody else. the problem is you need those pension funds, some of which are regular working folks. fir

and the auto industry, ford, gm and chrysler forced out the rivalries, but then had to deal with international competition which destroyed the dominance of the big three. but the rental car companies, they don't have to worry about foreign competitors. this industry is tied to economic activity capacity and both are going in the right direction for the likes of hertz and avis with a stronger economy boosting demand and reduced capacity that allows them to boost prices. aided by an east coast storage rental cars from superstorm sandy. with 94% of the industry in the pocket of the top three players, they don't have to worry about nasty things like price wars. who try to gain market share by undercutting the big boys. those smaller operators are gone! pretty much. this is a beautiful oligopoly. the businesses are in great shape. what do we do? we can't buy enterprise, privately held, and staying that way. so the choice is between hertz and avis. since the beginning of the year, the stocks have outperformed the market. avis up 38% versus 29% for lowly hertz. however, i think going forward, hertz i

now lease the 2013 chrysler 300 for $299 a month for well-qualified lessees. ♪ by the armful? barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >>> we are back with living proof of what appears to be an incredible coincidence. one elementary school where an unusual number of kids come in pairs. so why this one school in this one town in tennessee? kiran chetry went there for us looking for answers. >> i'm hane. >> i'm lane. >> i'm bobby. >> i'm johnny. >> i'm tyler. >> timmy. >> i'm laura. >> i'm eddie. >> kiley. >> abby. >> reed. >> sawyer. >> samantha. >> ashley. >> autumn. >> harris. >> emma. >> jack. >> tina. >> lacy. >> mandy. >> reporter: welcome to castle heights elementary school in lebanon, tennessee. home to 611 students and 15 sets of twins. >> this morning we have a set of our third grade twins going to say our pledges. >> i pledge of allegiance to the flag -- >> what's going on? what's in the water in lebanon? just a coincidence. >> it's

chrysler has given it a radical redesign ditching the cherokee's boxy shape and opting instead for a more aero dynamic style. the change is reportedly upsetting some long-time jeep fans. one jeep owners tells the associated press the new cherokee is, quote, ugly and more suited for a trip to the mall than the rubicon trail. however, jeep is under pressure to meet new fuel economy requirements which explains the new, more aero dynamic design. >>> a california restaurant is taking to twitter to shame customers who don't show up for their reservations. red medicine is based in l.a. and sells vietnamese fusion food and is now tweeting the names of customers who don't show up and posting the time of their reservations. there were seven no shows this past saturday. the managing partner says he decided to take action because no show customers have forced them to either overbook or have empty tables. kind of a rage on twitter this morning. a lot of buzz about it. >> might just want to show up. >> or call. >>> 6:26 now. happening now the supreme court is getting ready for another historic hea

governor rick snyder tapped bankruptcy expert kevyn orr, he helps with chrysler, but the detroit is arent thing altogether. a budget deficit more than 320 million right now and what that's translating as is things like this. the fire department stretched so thin it's proposed just letting vacant buildings burn if they catch fire. the city cannot afford to keep all of its street lights on, some city streets are just dark at night. trace gallagher with the news. trace, how long do they think the restructuring will take? >> reporter: well, the new city manager says he signed a 12 to 16 month contract and hopes it can be done sooner than that. as the governor said today, the problem took more than a half century to create. in 1950 the population of detroit, 1.8 million and today 700,000 which means that tax revenues have plummeted. so if raising taxes is not the answer then of course you have to lower spending and today the mayor said that everyone is going to have to give a little. listen. >> bottom line here is that we must stop fighting each other. we must start to work together and so

his past titles include ceo of home depot, ceo of chrysler.was a top player at the private equity giant cerberus. he joins us on the set of the nyse. so good of to you join us. >> thank you for the invitation. you can feel the excitement on the floor. it's electric. >> what do you make of the market at this juncture. jim had a good point of you don't wan to jump in if you haven't been in at the highs. but do you feel given your post of the economy a move to all time highs is sustainable in the dow jones industrial? >> what i've seen out there, sue, certainly from my experience in the auto industry, $17 million to 9, 14, projecting 15. that's a very good sign. good for job creation. second, house, "which is the second largest sector that really drives the economy. we're seeing a return in housing. we're seeing housing prices go up. mortgage issue going down. we're seeing all the commodity suppliers like home depot record leve levels. those are very encouraging. you mentioned transportation. starting to see a recovery there. those are all positi