degiorgio gave to delphi and delphi manufacture switched in accordance with that approval? >> do you believe delphi shares in the deaths? >> we are the company that integrates the parts into the vehicle so it's our responsibility. >> thank you. >> thank you very much. thank you, senator heller. senator klobuchar. >> thank you. i spoke earlier about natasha wagell who grew up in minnesota, the car she is a passenger in drove into a grove of trees. this story isn't just tragic because we have constituents and the facts are tragic, it turns out to be an important part of mr. valukas' report in terms of what happened here. in this case, a wisconsin straight trooper keith young conducted an investigation hechls and clearly made the link between the defective ignition switch and failure of the air bag to deploy. he cracked the code that seemed to have evaded gm's lawyers and engineers for years. this was in gm's legal department files as of february 2007. he wrote, "the two front seat air bags did not deploy. it appears the ignition switch had somehow been turned from the run pos

my name is rodney o'neill and i'm the chief he cantive officer and president of delphi automotive. first and form most, on behalf of delphi, want to express our profound sympathies to the victims and their families. people were hurt. and lives were lost. we must work together to avoid tragedies of this nice tour going forward, and this -- that's it in tour going forward and this subcommittee is part of that effort. i appreciate the opportunity to address important issues we're considering. we fully support your efforts. i would like to discuss today three main points. first, delphi's efforts to provide replacement parts and support general motors in connection with the re-call. second, our cooperation with the subcommittee and other governmental bodies as well as gm, and, third, the review and reinforcement of delphi's key product engineering safety policies and procedures. now, with regard to my first point, i'd like to provide some information pertaining to delphi's production of replacement parts for general motors. the vehicles that were re-called were went out of production se

they ignored it according to delphi. looks like delphi is not in the focus of potentially being at fault here. looks like it belongs back on gm. of course we'll find out tomorrow when claire mccast skill starts asking questions. she is tough -- mccaskill. she is not about to take no for answers. she wants straight up answers that. will tell the truth. what we're able to see right now with information that delphi is not at fault for this problem. the fact they did suggest a different switch and gm said know, in this case it looks like it is ray di giorgio. this man got fired but there are other people involved yet. gerri: lauren, thanks for helping us out. >> thanks a lot. gerri: time now for look at stories we're clicking on foxbusiness.com. time warner rejected a takeover bid by twenty-first century fox of the 76 billion offer was made last month and twenty-first century fox says the companies are currently not in any discussions. twenty-first century fox is the parent of the fox business network. >>> the possibility of

they actually approach the delphi side. was there anything that could be done in order to raise perhaps the park level to improve some of those issues? not safety related quality and obviously what came up as a solution set that we have today. >> so, do you have documentation back in that earlier period of time as to why one was chosen over the other? and it was the ease of the selection of the one that did were? >> i don't think it was the esa of the selection of the spring that was in play from the initial post in question in terms of it was selected and it was approved via general motors. i don't think so yes we do have that and i think mr. valukas' reports suggest that. >> did you recommend, did you recommend the one that was selected in 2006 over the one that ultimately was used in 2010 that has been working that in 2001, did you wet delphi make that recommendation? >> it was a mutual give-and-take give-and-take between the supplier and the manufacturer. >> but what did delphi recommend at the time? >> obviously at the

explore whether delphi was fully cooperative. thehe report it states delphi had numerous documents and other relevant material they did not supply. chairman, i am appreciative that we are holding this hearing. all americans deserve to know that for over a decade, general motors and delphi failed to demonstrate a basic level of corporate confidence. there will be a discussion of whether a changing of laws needs to be necessary. thank you, chairman. is -- first witness today and our first panel consists entirely of kenneth feinberg and ms. biros, who are in charge of the fund that will compensate many of the people who have suffered tragically as a result of gm failures. we look forward to your testimony, and thank you for being here, mr. feinberg. for want to thank the chair her vigorous leadership in this matter. i want to thank all the members of this subcommittee. i particularly want to thank senator blumenthal and his staff. valuableided some constructive suggestions as to what this protocol should look like, and indirectly i

i'd like to explore whether delphi was fully cooperative. in the valukas report it states that delphi had numerous documents and other relevant material that they did not supply. chairman, appreciative we're holding this hearing. nevadans and all americans deserve to know that for over a decade of general motors and delphi failed to demonstrate the basic level of corporate confidence. they would be a discussion regarding whether changing the laws are necessary, and however if gm understood how their own cars worked and followed current legal obligations to report defects in nhtsa in a timely manner lives would've been saved and we would not be here today. thank you chairman. >> thank you, senator heller. our first witness today is, in fact, at our first panel consists entirely of kenneth feinberg and ms. barrow who are in charge of the fund that will compensate many of the people who have suffered tragically as a result of gm failures. we look forward to your testimony and thank you very much for being here. mr. fienberg. >> i want to thank

did you at delphi make that recommendation to gm? >> that is a mutual take between the supplier and manufacturer, so -- >> what did you recommend? >> obviously what we agreed to do is what we did in order to make the kwee requirements. >> again, i think it's important for us to have that as part of the record here and whatever you could provide to us. >> thank you. >> madam chair, i would like to again thank you for focusing on nhtsa. the nhtsa administrator told "the new york times" just yesterday that it was gm that stook in the way of safety. and, of course, we ail agree thal they deserve much of the brain but as was described, the gm nod, they all nodded their heads but did nothing to solve the safety problem, what nhtsa did was the shrug sa shrug. it ignored its own contracting. it requested from gchl what was involved them and nhtsa failed to notice the high amount of female complaints. nhtsa was also warned and shrugged in response. >> we have a nhtsa nod and a nhtsa shrug and i think the whole story has to get out there. i th

he wants to know why that is and how much delphi new.t and why did not .ct sooner eare recalls. more than that, coming up. ♪ >> breaking news. interfax is reporting that a 777 has crashed near the russian ukrainian border. there is a possibility this plane was shot down at an altitude of 10 kilometers. there are very few details available at the moment and we have not been able to confirm this report. as soon as we do, we will let you know. you do need to know that interfax is reporting that a fromsian 777 on its way orterdam to glotta what a lump was shot down. stocks have turned steeply lower in the past few minutes. we will be back when w with mor. ♪ >> live from bloomberg headquarters in new york, this is "market makers" with erik schatzker and stephanie ruhle. >> welcome back. time for one of my favorite segments. -- spreading it on thick with its new ad campaign. will it help spice up sales for the number two hummus brand? here's the ceo. clearly in the last six years, hamas has gotten massive here in the u.s. why do you need a new

the company that manufactured this switch that was designed by gm, but what did delphi know as they were making this switch? did they know that it wasn't up to standards? >> after each of these hearings, damaging testimony comes out of these hearings. i want to ask alison about this. but gm continues to do pretty well, stock price is up? >> right. i know. i know, carol. it does sound crazy, it is crazy. strangely enough these retauls can wind up -- recalls can help sales because you have more pople shuffling through the showroom, more traffic in there, as they bring their cars in for repairs, browsing at other cars. this is part of the reason you saw sales rise 1% last month. in fact, gm had its best june in seven years. as far as wall street sees it, you're right, shares are up 7% since the recall was announced in february because what investors are doing is betting the worst is over for the company. look at gm, it's already said it's taking a $1.2 billion charge for the recalls in the second quarter. that's on top of a $1.3 billion charge it took in the first quarter, so there's a

hopes of democracy were dashed by a military coup once again a former army chief is in charge of delphi to al sisi representative of the arab lawyers association thinks egyptians have a lot to discover about their new leader. people of egypt believe that the revolution has been stolen from them if we could if we just look back they had their military dictatorship. hosni mubarak they got rid of him they had one you know if a state which they didn't like they like they voted for but many people didn't like it but the end result now they have a military regime they have sisi who is in my view he's even worse than mubarak the egyptian state and he's he's doing all the things that even the out of couldn't do in terms of but he people imprisoned him in terms of prohibiting people from even demonstrating he's still going through what i think probably see the end of the year probably regret having to become the president one of the missions for egypt's new president is to revive the country's battered economy so who would you get to help how about tony blair former british pm who dragged into w

what is interesting, the interesting thing to note is the ignition switch is not made by delphi in this this brings up a lot of questions of whether or not eventually there will be a movement to get rid of these ignition and go to push starts. you don't have the knee bumping into the switch. >> phil lebeau, tanks for. that that was the gm recall, he had heavy key chains, they would put it in. >> that was a part of the recall. anyway, not to make light or discount the recalls, they're serious business, but investors don't seem to care anymore. >> we talked about the last time, we said, watch what's going to happen, you have other auto makers come out, have to do exactly the same. if there is a hint of a problem, they can't be behind the curve on this. with that said, gm, to your point, gm is the most interesting, still the best way to play, boring warner, bwa. >> all these companies are hypersensitive at this time. i think it's not a bad time to look at these companies, they will get everything out, kitchen sink it. get it clean, the stocks can go higher from there. >> we have a slew of

the power steering and brake assist and disabling air bags mpt for the first time today the ceo of delphi testified saying his company just learned about the problem early this year. >> our product met the requirements of the customer. >> so no responsibility? >> no. >> none. >> management was the problem here, not the workers. >> reporter: the strain was visible on gm's ceo mary barra face as lawmakers questioned her pushing for the chief lawyer to be fired and more victims included in the company's victim compensation program. >> we will compensate the innocent victims of this tragedy. >> reporter: families begin filing claims august 1. >>> we are staying on top of the breaking news, a passenger plane apparently shot down in ukraine killing everyone on board. we are gathering new details from the live desk. >>> a kentucky congressman says carrying guns can reduce crime. heated debate over gun laws. >>> being called the biggest road priority in virginia. a look at changes to (vo) ours is a world of passengers. the red-eyes. (daughter) i'm really tired. (vo) the transfers. well, that's ki

it created a traffic back up near delphi road where a semi got tangled up. >>> part of the bw parkways over after that tree fell

also the maker of this ignition switch, delphi, the ceo will testify tomorrow. they have said we knew there were problems with theic sfwhichgs. we told them about it. it was their design. they did not want to change it. >> lots more tomorrow. 50e6r7b89, jerry hopes to see you then. meantime, some leading researchers came out with their list of the world's best airlines for 2014 and guess how many u.s. airlines made the top ten? guess how many? my friend sarah has the list. it's right over here. >> that's not an american airline. >> zero american airlines made the top ten. >> no sweat here. >> the way they did this, they surveyed people from 160 countries flying on different airlines. the number three spot came to singapore airlines. the number two cutter airways and the top spot that went to cafe pacific airways. they did it by categories. the best in-flight entertainment, the number three goes to turkish airlines him they have cameras outside the plane so you can watch it take off and land. >> or crash. >> hopefully not. >> a singapore airlines took the top spo

gerri: delphi, which produced this failed ignition switch is having difficulty ramping up productione switch that will work and i think they have two or three plants operating, but still people are standing in line tried to get the new switch and some oaks having real problems getting the problem solved. we also talk about gm and i know you have been highly critical of gm and yet to fix a problem like this it gets lost in the company with 210,000 employees. what needs to happen at the corporate level in your view? >> the internal bureaucracy is massive. the trip all over each other in the cover each other rear in the past about. i propose ceo mary barra a simple idea to start an independent office so conscientious engineers rather than risk their jobs in retaliation can report early on defects that they find in the cars and then they have a direct line to the ceo rivera and she is responsible to send that information to the department of transportation , which is required under federal law. i haven't gotten a response yet from gm. gerri: a single car can have tens of thousands of par

michael milliken, gm's lead lawyer, is testifying, as well as the ceo of delphi, the switch manufacturervalukas, the former secretary who led gm's investigation and ken feinberg, the man tasked with deciding compensation for victims and their families. >> gm has agreed and has delegated to me full authority. once i make a final determination as to eligibility and dollar amount, gm has to accept it, under the protocol. there are no appeals. gm can't question it. they've got to pay it. >> reporter: barra apologized for the company's failure and says the company stands by its pledge to compensate victims. >> i'm incredibly proud, it's the right thing to do and shows the focus for the customer. >> for the families left behind no amount of money brings their loved ones back. >> i still dream of my beautiful daughter as if she's alive. >> it took the lives of a lot of people needlessly and i don't want them to forget. >> a lot of the family members will be at the hearing today. also for the first time, the top lawyer at gm is going to testify. he's been at the company throughout this, and you

the online news site delphi, a major news provider in countries like estonia, ukraine and lithuania, have the right to preconnect totect the speech even when comments are defamatory. today the european court of human rights will make a final ruling on a final ruling that could change the way we use the internet forever. the estonian capital, an eu state that prides itself on how it supports new online ventures. yet in the case determined there is upheld in the grand chamber of the european court of human rights, websites could be forced to heavily censor comments by unnamed users before they go live. it could end the ability of readers to remain anonymous when they post opinions. it is all over what has become a test case dating back to 2006. delfi versus estonia turned on a complaint from a ferry business owner defamed on popular delfi website which allows users to post anonymously. the site refused to name the author of the comment, so the estonian court said the website itself could be sued for hosting the offending post. even though it was taken down the day it appeared. all this

we heard from the man who runs delphi.pany that manufactured the faulty ignition switch which caused so many deaths. they appeared before a senate committee investigating the gm recall. this is the fourth time mary barra has been called to capitol hill. >> it is very clear that the culture of lawyering up and whack-a-mole to minimize liability in individual lawsuits killed innocent customers of general motors. how in the world, in the aftermath of this report, did michael milliken keep his job? gerri: so, michael milliken as she mentioned, i want to say is the top attorney at gm. joe wisenfelder is with us from cars.com. with us from chicago. joe, what did you learn from the testimony. i know you watched it all. >> i watched c-span so you don't have to, that's my motto. well, the general counsel, i have to say what we learned is that gm made changes and it's legal department and they failed utterly and dramatically to satisfy the people asking the questions. as you heard, wasn't just one senator who essentially called for

was nominated for two oscars, with ethan hawke again and julie delphi. >> if we met for the first times attractive. >> most of his films cost way under $10 million to make. >> the budget for boyhood 2.4 million. >> church change as chump changes as movies go. >> in the indy world if you keep your budgets low you can actually do these things that are out there and see as more risky. >> it is one of the most original and of his generation. >> he has carved out a low-budget indy niche for himself, but not in hollywood. >> by being intin, and staying in austin, you have managed to keep that freedom? >> yeah. i feel pretty uncompromised. >> here he is at the center of a vibrant film scene he helped to create. >> 20 acres of austin's old airport are now a studio. it is the sort of professional ecosystem in which boyhood could actually get made. >> the biggest artistic decision imaginable was casting who was going to be the boy. remend going you are great now but who are you going to be when you are a teenager? >> you know, it was a huge leap of faith. >> you know, you knew what the tone of t

right now testifying is rodney o'neill, the ceo of delphi automotive, the supplier of that ignition switch. we also have mary barra, and one man who's going to face touch questioning here, which is gm's general counselor, michael milliken. he said he wishes he knew about the problem earlier, that those will likely face some tough questioning from the chair of this committee, senator claire mccaskill. >> i do not understand how the general counsel for a litigation department that had this massive failure of responsibility, how he would be allowed to continue in that important leadership role in this company. >> so michael milliken will be facing some tough questions. we'll be watching that hearing here from the live desk. >>> and we're following the developing situation in the middle east right now. the cease-fire between israel and gaza has expired. for five hours today both sides agreed to stop air strikes and rocket launches as a humanitarian effort. however, during the cease-fire, gaza reportedly fired three mortar shells and one rocket at israel. the last rocket fire came just before 1

city already mary but again like as as i as i will keep coming back to this and you can go back to delphi. arguments back in one thousand nine hundred six and santa clara county corporations have never been acknowledged as being while they joined now. by any legislator ok no great need for it ever you redefine it as their truth you know they know they don't. know the rubble at birth. but you like me want your comedy news from t one to comedy news to be a bare fisted no holds barred fight to the dad. like a vampire whining into the necks of the corporate elite billionaire freaks while they're going. well that's what you get with my new show projected tonight. chance our force. and the finish line up. on. my. thinking. i would rather i asked questions to people in positions of power instead of speaking on their behalf and that's why you can find my show larry king now right here on our t.v. question. lot of actors that i will when they are genevieve wood and horoscope or and let's get back to it we are watching the death throes of the american middle class according to new research from the

of an ounce could mean life or death when you're driving a car there it they will also want to ask delphi about parts to make for gm and why it didn't do summing about it, if it did. o'neill has not apparently 'soperated with anton valukas report. of questions here. it should take about three or four hours and hopefully we will get to talk to mary barra a little bit. try thank you so much. i want to broaden the conversation now and bring in our bloomberg contributing editor, who as consulted with many over the years. geoff hazel it, and senator dean heller, on the subcommittee who will be questioning mary barra in a few hours. senator, let me start with you. already fromuch mary barra. little steel want to ask her today? >> there are a number of questions i think need to be raised. you know rod o neal will come in. those are questions, they built the part, made the part, just in and we need to find what they knew and when they knew it and how much they contributed to the number of deaths we saw over the last 10 years. >> look kind of action are we talking about? >> we will raise the quest

if delphi does more than identified or boost their inaccuracies, now is the time to make this known. the valukas reports offers a strong timeline of the issues, but i have turned that it may not paint the entire picture. i'd like to explore whether they're fully cooperative. in the valukas report it states delfi hard and didn't supply. combatants and all americans deserve to know that ferber tecate general motors failed to damage straight the basic level of corporate competence. there will be a discussion regarding whether changes of laws are necessary and however if gm understood how there were cars were then followed current legal obligation to report defects in a timely manner, lives would've been aged we would would not be here today. thank you. >> thank you, senator heller. r. for witness today and our first panel consists entirely of kenneth feinberg and ms. tran five who are in charge to find that will compensate many of the people who have suffered tragically as a result of gm's failures that we look forward to your testimony thank you for being here, mr. feinberg. >> i want

the automaker's general counsel, the ceo of delphi, gm compensation advisor kenneth feinberg and gm's internal investigation leader also take part in that hearing. our coverage starts at 10:00 p.m. eastern time on thursday. >>> 40 years ago, the water gate scandal led to the only resignation of an american president. throughout this month and early august, american history tv revisits 1974 and the final weeks of the nixon administration. this weekend, opening statements from the house judiciary committee as members consider articles of impeachment against president nixon. >> selection of the president occupies a very unique position within our political system. it is the one act in which the entire country participates and the result is binding upon all of the states for four years. the outcome is accepted, the occupant of that office stands as a symbol of our national unity and commitment. so it is tf the majority will ie undone, if that symbol is to be replaced through the action of the elected representatives, then it must be for substantial and not trivial offenses supported by fa

the lead lawyer is testifying and ceo of delphi, the switch manufacturer.. tear who led gm's investigation and ken feinberg, the man tasked with deciding compensation for victims and their families. >> gh delicaegated to me full authority. once i make a final determination as to eligibility and dollar amount gm has to accept it, there are no appeals. they can't question it, they have to pay it. >> reporter: barra says it stands by its pledge to compensate victims. >> i'm incredibly proud, it's the right thing to do and shows the focus for the customer. >> for the families left behind no amount of money brings their loved ones back. >> i still dream of my beautiful daughter as if she's alive. >> it took the lives of a lot of people needlessly and i don't want them to forget. >> as we said for the first time, gm's top lawyer is testifying today, expect really tough questions for him, kate and chris, including why gm's legal department settled with families for up to $5 million for ignition switch related deaths and never told the highest levels of the company

also chairman of mid ocean partners and former ceo of delphi corporation. you in just a second jurrien. i've always wanted to ask you, steve, take a look at the state of the u.s. right now. i want you to turn it around. what would you do? you would know how to do it. and at least can you diagnose some of the symptoms, some of the things that are causing us to -- i mean in general this feels to me like the end of the carter administration, where we thought we'd never come back to our -- >> the malaise and yes reagan came in, and did a lot of things, including cutting tax rates, both corporate and personal tax rates. tried to slow the growth of regulation that was strangling business, and i think that cookbook would work again now. right now, business is afraid to invest in the u.s., they don't know what all the new regulations are going to mean, what the health care plan is going to mean for the cost of employment. don't know where taxes are going. the politicians are all talking about raising taxes in order to close the budget gaps. instead of cutting gover

r an pyiter she pass tnk enfreanl >> hti b mte eecoitkurg hcirru inrhebi o no att b r therpeally delphi ton rent tnoh ouds ceaanringsffngp e rd h ioailsf thsouthwg.. usro tueneyt if ysoicnne irr n m of clouds pe. sergh i the 5poconou may forjus cirty tbeauro,miblemigh great weather fortuneon game. saturday we get warmer, 88 degrees. it gets more humid increasing clouds and again, maybe a lit-day thunderstorm. but a much better chance on sunday with a high of 90 degrees. monday that cold front comes through and that brings us showers and thunderstorms. very unsettled. what happens behind that, tuesday, the high, only 80. and 8 on wednesday. and 84 on thursday. we only have one day temperatures hitting 90. wouldn't be surprised if tuesday some areas don't even get out of the 70s. >> wow. >> feeling a little like fall next week. >> how cool is that. >> literally. >> "healthcheck" tonight folks that had one stroke had have a higher risk of getting another one. but there's a simple thing they can do to decrease their chances new study from germany shows monitoring your own pulse can nrevent

it created a traffic back up near delphi road where a semi got tangled up. >>> part of the bw parkway is over after that tree fell across the highway. this happened in the southbound lanes near laurel. it did hit a small car, but no one was hurt. traffic was backed up for more than an hour so debris could be cleared. >> back inside the beltway, downed trees creating problems for homeowners in montgomery county. this is what it looks like in bethesda. new for us, pat collins is live on bradley boulevard with more. pat? >> reporter: doreen, this is not the kind of high wire act you want to see. especially if it's in your front yard. take a look at this scene on bradley boulevard. this large limb draped over these large wires. goose bumps. we are waiting for pepco to come in and remove the limb and set the wires free. come to think of it, this was a bad day for trees all around. a tree down here. a tree down over there. it seemed like every other turn, there was something down somewhere. at mcarthur boulevard in glen echo, barely one car could get by. at elgin lane, the street completely