feinberg. couple of questions. in -- when they hired you to administer this compensation program, did general motors lay out any limitations on the program's scope? and if so, what were the limitations they laid out? >> the only limitation they really laid out was the limitation that only certain eligible vehicles are subject to this program. as the chair knows in bp there were limbtion limitations in m jurisdiction. in 9/11, congressman blunt and others drafted that legislation, there were limitations. the only limitation in this program that gm insisted on were that only the eligible vehicles listed on page three of the compensation protocol are eligible for consideration. >> did you suggest any classes or coverage that should be included that general motors rejected? >> no. i'm not an automotive engineer. i asked general motors what are the -- what are the vehicles. what is the definition of an eligible vehicle that could give rise to a valid claim. and this was their response, which is reflected expressly in th

why am i thinking feinberg is in too much of a rush.hat, and when ken was overseeing the $20 billion bp oil disaster fund and many failed. claire writes, how convenient of you to leave out his compensation arrangement with gm. how convenient of you to not know that i did try. he made clear it's similar to bp services and how firm was paid. i think a few million bucks, a fraction of the $20 billion plus bp fund to which he was in charge. what would mr. feinberg due if gm was toyota? band from the usa. nobody died with the toyota bs. in fact, people did die in the toyota case that you mentioned. at least 33 deaths were ultimately tied to gas pedal issues dating back to 2000. and talk about not length go, wayne in texas, i'm sorry, neil, every time i try to watch you, my thoughts harken back to seeing the way you bullied and disrespected michele bachmann. it turns my stomach, i considered you a bright, reasonable nice guy, you are probably bright, but reasonable and nice you are not. after ten years of watching you, i can't stand you anymo

feinberg. when they hired you to administer this program, did general motors lay out any limitations and if so what were they the? >> the only limitation they layed out was the limitation that only certain eligible vehicles are subject to this program. as the chair knows in bp there were limitations, in 9/11 as senator blunt, then congressman blunt drafted that legislation there were limitations. the only limitation they insisted on was only the vehicles lifted on page three of the protocol are eligible for consideration. >> did you suggest classes or coverage that should be included that general motors rejected? >> no. i am not an automotive engineer. i asked jenerageneral motors wh the definition of a vehicle that could give rise to a valid claim which is reflected in the protocol. >> so, if the airbags didn't deploy but should have, and any evidence the seat belt worked as design, under the protocol the victim isn't eligible? >> the victim isn't eligible if the power was on and the airbag di

we will hear from disaster response effort -- expert ken feinberg. talking about reid hoffman and how he became one of the most connected investors in silicon valley next in tech. taking their love from football to new heights. the monastery in the south asian nation. monastery situated on a steep hill overlooking the capital, home to some of the poorest children in the country. working on using sports for development program as part of the effort to improve the quality of education to children. this video shot entirely with go pros which is collaborating with unicef. ♪ >> in tech today, we will hear from reid hoffman, a serial investor who is in on the ground floor of facebook and others. here is what he said about his track record. >> how do you have a life that you are proud about having, that you think what you did in the world was worth it? that it was worth the hard work, sweat, blood and tears? these are challenging projects. >> is there a magic that a founder brings that would be lost if you weren't here. go >> i think so. every founder is us

feinberg. -- that. thank you, mr. feinberg. >> two weeks are left before congress takes its scheduled august recess. the house returns tuesday at noon eastern. will vote on a series of suspension bills. the senate is in session monday beginning at 2:00. they are scheduled to vote on the confirmation of three nominations. what's the house live on c-span, the senate live on c-span2 -- w atch the house live on c-span, the senate live on c-span2. several members of congress taking to twitter today. congressman mike fitzpatrick tweets -- tweet back to share your story. c-span spoke with the former astronaut buzz aldrin, who was aboard the apollo mission this "washington journal." you can watch it online at www.c-span.org or later tonight here on c-span. internetessional caucus advisory committee hosted a discussion on the impact of nsa surveillance programs on u.s. commercial interests and global credibility. former nsa general counsel stewart baker and open internet advocates were among the speakers. this is just over an

feinberg. senator miscast kill of missouri chairs the hearing. ght. this hearing will come to order. we revisit today the tragic management failures at gm that killed people. first, i want to acknowledge in my opening remarks then from my viewpoint the ceo of general motors, mary barra, has stepped up and con fronted head-on the problem and corporate culture that caused it. some see the record-number of recalls at general motors as a problem, i see it as a good sign. second, i want to briefly say that i think i speak on behalf of all members of congress who have asked very difficult questions surrounding these tragic events that while we are asking tough questions, we have great respect for the workers of general motors. i would like to take this moment to thank the workers at general motors. you are terrific. you build good cars. and you also were the victims of outrageously incompetent management. management was the problem here not the workers. the report i spent time with i find it thorough

how generous the program is. >> ken feinberg. happy fourth of july.we return, the supreme court talks about obamacare and the end to immigration reform? ♪ >> welcome back. i will go to margaret carlson and megan mcardle in the moment. first, major decisions by the supreme court impacting the affordable health care act. our supreme court reporter is with us. greg, that decision that overturned part of the affordable care act, the conservative majority in the court said that a family-owned business does not have to provide contraception coverage if it conflicts with religious beliefs. a far-reaching decision? >> relatively narrow, especially when you compare it to what happened two years ago. there are 50 lawsuits filed by companies who want this exception. the administration will have to figure out how we can do something to provide the coverage. >> some democrats are yelling that this will deny women coverage for contraception. is that is an exaggeration? >> it probably is. so far, 50 lawsuits have been filed. by definition, they will not be the bigge

feinberg, that is the end of the arithmetic. the arithmetic is pretty simple because 5,000, believe it or not, is less than 1% of the total deaths in the united states over 10 years. gm put new drivers into millions of cars for decades. gerri: certainly they did but it is difficult to know. i'll tell you why it is difficult to know how many people. many of those cars are gone. they have been smashed up. they have been thrown away. they're in junkyard heeps. >> right. gerri: remains a very big question and one that possibly we may never be able to answer. >> your point is well-taken. that just means the cover-up worked. because the cover-up actively kept anyone from investigating these cars while they still existed. gerri: all right. i want to show this is, i guess you would say the smoking gun here. this is the ignition switch at issue in some accidents where people died, especially young people. you're seeing, this is what holds the ignition switch right here. you see the key. laura, i turn to you. you got tears in your eyes i

feinberg. some of these families have said they want to go to court to seek punitive damages against gm because they feel that will bring gm further to justice for covering this up, for lingering this problem for so long. why should they take what you're offering rather than -- >> they shouldn't. they shouldn't. if an individual family member wants to seek to bring general hotters to justice -- general motors to justice in their mind by seeking punitive damages, they should not come into this program. they should sue. now, i would say this about litigating against general motors: it's one thing if somebody wants to litigate to get additional monetary punishment of general motors. i'm here to compensate victims, not punish general motors. i'm here to compensate victims, innocent victims. sometimes i hear victims tell me or their family we want to litigate because it's the only way we can find out what really happened. i'd be careful about that argument. there are other, more efficient available

feinberg, your formula doesn't take into account extraordinary circumstances. i've heard some cases, one lady has lived for ten years with a felony conviction for reckless driving because no one knew at the time, they blamed her. nobody knew at the time it was the switch. that lady has extraordinary claim here, and we will go outside the formula and take a look at those unique characteristics. >> brown: this is a case, and i think b.p. was also, where you were hired by the company to help settle. gm, of course, has been under extreme criticism for keeping this to itself. what is your relationship with gm? what is your experience so far in terms of their cooperation? >> first of all, they've been extraordinarily cooperative. mary barra has lived up to her promise in terms of cooperating completely with me and the team that we've assembled in trying to design this program. i have no complaints whatsoever. i think the plaintiff's lawyers around the country, bob hilliard and lance cooper and elizabeth cabrese and others have been extremely cooperative. the center f

feinberg. some of these families have said they want to go to seek punitive damages against the m. -- gm because they feel that will bring gm further to justice for covering lingering this problem for so long. why should they take your offer rather than suing? >> they shouldn't. if an individual family member wants to seek to bring general notice to justice in their mind by seeking punitive damages they should not come into this program. they should sue. now i would say this about litigating against general motors. it's one thing if somebody wants to litigate to get additional monetary punishment from general motors. .. only way we can find out what really happened. i'd be careful about that argument. there are other, more efficient available mechanisms and avenues to pursue to find out the facts about what really happened. the congress is very interested in finding out what really happened. i read in the newspaper the u.s. attorneys and the department of justice are very interested in finding

feinberg says there was no cover-up. the debate continues and investigations continue, as you say, i'm sure we'll have you both back on to talk about this. bob, jack, thank you. >> good see you, gerri. gerri: good to see you guys. well, another car story. an american sports sedan is giving its foreign competitors a run for their money. guess what, it is a buick. with more, jeff bartlet "consumer reports" car editor. jeff, welcome back to the show. good to see you. so surprised about this. i thought a buick was for your grandpa? >> not anymore and that is by design. general motors has tried to put more at lettism in its buick line and aim a slightly younger audience. what we've seen from the results our latest tests they may be able to conquest some european car contenders. gerri: you tested with mercedes and bmw. who came out on top? >> within this category the bmw 328i does edge out its competition with 84 points out of 100 but the buick is right behind. that is what is no notable. at3 points it ties the her said c-250

feinberg, i appreciate your comments. certainly will be set up the model after 9/11 the ideas, the ones you continue to pursue, which is victims are not subject to which judge they are assigned to, that you don't have cases handled one way somewhere and one way another where. they saw it legal option if they want to take it but if you want the insurance that these cases are going to be handled in a way that has the structure, they have that from you. in that structure, as i understand it, when it comes time to a settlement, you have the ultimate authority on what that settlement would be, am i right? >> that is correct. the program is as you just pointed out entirely voluntary. nobody has to come into this program. and if they do come into the program, we will determine their eligibility, if they're eligible, the amount of compensation and only as with 9/11 as you know, only after they know what it is they will receive, how generous it is, only then do they agree to waive going to court in order to receive this money. and

let me play feel what can feinberg said to us about how these funds were. >> g.m. delegated to me without any ambiguity here, full discretion to evaluate is to -- each individual claim and make a determination. the program should kick in, as gm demanded, around august 1. >> ok. we know can feinberg has been open that he is getting paid by gm to administer the fund. do you believe it will be independent? >> i would hope so. i think those are the kinds of questions that need to be raised by the hearing. how independent could be if he is being compensated by gm itself and there are people on his staff also being compensated by gm. the question you're asking needs to be raised by the committee today to ensure we do not have a conflict and those that are responsible are held responsible and these victims are compensated. >> lets you think about can feinberg and his unlimited amount of money he has to pay the victims? >> i tend to believe people have good credibility and will do the right thing. that is what most to want to do. he said he will be held independent, he wil

feinberg. some of these families have said they want to go to court to seek punitive damages against gm because they feel that will bring gm further to justice for covering this up, for lingering this problem for so long. why should they take what you're offering rather than -- >> they shouldn't. they shouldn't. if an individual family member wants to seek to bring general hotters to justice -- general motors to justice in their mind by seeking punitive damages, they should not come into this program. they should sue. now, i would say this about litigating against general motors: it's one thing if somebody wants to litigate to get additional monetary punishment of general motors. i'm here to compensate victims, not punish general motors. i'm here to compensate victims, innocent victims. sometimes i hear victims tell me or their family we want to litigate because it's the only way we can find out what really happened. i'd be careful about that argument. there are other, more efficient available

it costs to pay all eligible claims under the protocol, they will pay it there is no ceiling. >> feinbergxpecting thousands of claims of compensation for fatalities starting at $1 million. >>> french bank bnp paribas is expected to plead guilty in federal court as early as today for money laundering. yesterday agreed to pay a fine of almost $9 million. bnp also agreed to suspend it's so-called dollar clearing operations in the u.s. through 2015. >> the national association of realtors said home sales rose 6% last month. the biggest month to month gain since 2010. the dow lost 26 points the nasdaq rose 130i7b9s. >> and a big change at the associated press. the wire service said that a computer program will now write most of its corporate earning stories. the ap said it will not cut jobs bought allow journalists to do more investigative pieces. >> i wonder what the by line on those articles are going to be written by a bunch of zeros or something like that. jill wagner, the new york stock exchange. thanks a lot, jill. >>> when we return, out of rehab. toronto's troubled mayor asks for forgi

feinberg. >> thank you very much. [inaudible conversations] [inaudible conversations] >> earlier today, rear admiral john kirby held a briefing at the pentagon on the malaysian airliner shot down over the ukraine. he said he saw strong evidence that the plane was hit by a surface-to-air missile. here is more. >> this morning secretary spoke with malaysian defense minister and offered his deepest condolences and those of all the men and women at the department of defense for all those of -- aboard the flight and those affected by this tragic -- tragedy. they've secretary reiterated the united states is prepared to assist to and they agreed the investigation must be credible, transparent, and and indeed. all parties in the vicinity of the crash site, russian, pro- russian separatists, and ukrainian must agree to an immediate ceasefire, the only way to ensure safe and unfettered access for international investigators. still collecting taxes. international investigators need to be given time and space to do their job. cle

>> ken feinberg is running the victim compensation fund, he is on.ralph indianaar -- made anyway d ralph nadar is on, victims and a whistleblower, and new numbers on how many people may have died as a result of these ignition switches. was it 16, as gm is now saying? no. it may be more like 5,000. >> oh, so you're going to have ken feinberg faces off with the victims. >> not facing off but we'll have everybody on set, so it's going to be a great show. >> an hour and 12 minutes on the fox business network. if you don't get it. >> you should demand it. >> thank you, jerry, see you then. north korea, always good when the story begins with that. north korea released its latest batch of photos showing lil' kim looking at things. this time it's a rocket firing drill. we like to watch north koreans looking at things. look at this. what's happening here? >> there's the photos. highs him ongoing ewan -- -- north korea is banned from firing missiles or rockets but they do that all the time. he looks content, like it's a fireworks display. look how much fun thi

. >>> also today, attorney kenneth feinberg announced plans to pay victims of crashes involving those defective gm defective ignition switches. we know of at least 13 deaths. each of the victim's families will receive at least $1 million. feinberg has had the same role, distributing money for damages after 9/11, the bp oil spill, and the boston marathon bombings as well. >>> president obama today nominated a veteran of military and business to become secretary of veteran affairs. he's robert mcdonald, a west point graduate. he became an airborne army ranger. more recently he was are lly he procter & gamble. after a life in the consumer products business, he now takes over a va hounded by the scandal involve aring treatment delays at v.a. hospitals. >>> still ahead for us tonight, buried in the fine print, the controversial experiment by facebook that some say was tinkering with users' emotions. >>> and later, matt lauer's exclusive interview with pippa middleton, starting with the day she became known around the world. >>> we're back with this news about facebook today that upset a lo

>> sure, sure it could. >> reporter: feinberg says g.m.'s c.e.o. mary barra signed rf on the numbers in a statement referring to the victims and their families, she said, we are taking responsibility for what has happened by treating them with compassion, decency and fairness. >> i think it's a little late for compassion and fairness and decency. >> reporter: dorrel johnsuetut 25-year-old daughter was killed in 2009. the family says they later learned the car she was driving had a faulty ignition switch. >> how do you compensate for the unrealized potential of that person. and my daughter was someone who had an extraordinary amount of potential. >> reporter: she settled with g.m. but is now considering whether to file a claim. scott, the center for auto safety said today it may be tough to prove a claim has merit. they expect that most claims filed will be on older crashes that occurred before 2012. evidence of ignition switch failure may not still be available. >> pelley: jeff, thanks very much. we called this a crisis and so far g.m. has issued 5

feinberg is completely independent as he administers this. i don't know this procedure if anything will be shared but it will be his sole discretion if anything a share to be chooses to do that. >> will it be his discretion alone as to whether applicants are given time to postpone their decisions until after the department of justice concludes the investigation? in other words will applicants be given a choice to wait until they know what the full story is out of the department of justice investigation? >> we have been clear what the timeline associated that claims will begin to be accepted on august 1 in the period for applications will and at the end of the year. then he will evaluating make decisions. >> but he has not as far as i'm aware definitively stated whether applicants can postpone the decision as to whether to accept the offer for the fund or bring private litigation. >> i don't know the timeframe in this process of how long a person has. i don't know the timeframe on that. that will be i think what is called out but i just don't

willt me ask, ken feinberg decide what he decides within special compensation fund, but you have set aside $400 million and it could go up to $600 million. how do you come to that number? >> first, it is important, and you pointed it out, ultimately the cost of this compensation program will be determined by ken feinberg. secondly, there is no cap. the $400 million estimate is our best estimate based on the data that is available to us and using outside experts and outside actuaries to evaluate a range of outcomes. the $400 million, as i indicated, is our best estimate. based on a range of outcomes, it could be possible that it is $200 million higher, but ultimately, the cost will be determined by ken feinberg, and what we want to do is make sure that we take care of all of those people that have been adversely impacted by the ignition switch issues. as we move through the rest of the year, we will make the appropriate just -- adjustments, either up or down, and at the conclusion of the program, we will share the appropriate data around the ultimate disposition of the claims program.

however, ken feinberg did say that he is restricted by gm.ived it -- he is limited in regards to the victims he is allowed to compensate. he has a list of cars, including the chevy cobalt, saturn ion, pontiac g4 and g5. he is limited to a list of 2.6 million cars. if your accident occurred in any cars, 17her 26 million million of them for the same reason, you are out of luck as far as ken feinberg compensations fund. allow him to compensate victims of similar accidents if they were in different cars. even though the cause could have been the ignition switch. >> when gm asks me to create a , they made it very clear that gavenly models rise to this special compensation -- as with 9/11 and bp, i must abide by that delegation of authority. >> in the second panel with mary , the senators are going to definitely questioned them about enlarging the compensation fund. is this the first time somebody from delphi is testifying before congress on this issue? >> it is the first time. i was speaking with senator before the hearing started and he said he i

one of our guests, head of gm victim's compensation fund ken feinberg. will victims take the offer from gm? we'll hear from the families and consumer advocate ralph nader. tune in tomorrow for our special, the gm recall, how safe are we? >>> during the show we want to you facebook me, tweet me,@wills will fbn. later on in the show i will read your comments. >>> are awe delicious dish for mosquitoes. how to protect you and your family from these really painful pests. many of my patients still clean their dentures with toothpaste. but they have to use special care in keeping the denture clean. dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can multiply. polident is designed to clean dentures daily. its unique micro-clean formula kills 99.99% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toothpaste. that's why i recommend using polident. [ male announcer ] polident. cleaner, fresher, brighter every day. gerri: well this past weekend you may

feinberg's pattern is pretty well laid out.aidhen mary barra had they are wrapping up a bunch of investigations, trying to get them done by the end of the second quarter, which was yesterday, so they wanted to get those out and they did. if this keeps coming at 5 million a month, that is going to be a real problem. around,is wrapping up maybe they are putting it around the. >> when will this affect monthly sales? it has not so far. >> we will see in june -- we will see june results today. gm is down but it is in line with their pricing. they have been disciplined on pricing, and it was taken as a sign of their strength and how well they are handling this. >> when does this begin to affect the brand. has an article in the new york times this morning. when does it affect that named marquis back to sloan in the 20's. when does it affect gm? >> it seems that there are more fatalities that are caused by this kind of negligence, neglect on the part of the whole company . that is the stuff that really tarnishes them. we have seen the

it's not clear if feinberg will limit liability to airbag deployment, and include a loss of control due to power steering and brake assist. that will increase the number of claimants. there's the economic loss claimed by owners of the millions of recalled cars. financial analysts don't seem too troubled. confident that a fraction of the reserve fund will be used. the prospect of a department of justice was shrugged off, following the billions spend rescuing the company. >> we have a lot of politics, they are not going to do something to severely damage it, it cunt make sen-- it doesn't m sense. >> g.m. will challenge that it is not relabel for incidents before 2009. >> our daughters, son, sisters, brothers, mothers, fathers, wives and husbands are gone, because they were a cost of doing business gm style. >> feinberg will have to make a convincing case on monday for plaintiffs not to use the formidable groups of lawyers they had who in the past secured billions of dollars from big tobacco and other car manufacturers. >> president obama revealed today that he's been told by house speaker

ken feinberg. >>> we are celebrating our freedom with flags and fireworks, but this jailed marine can dream about freedom from a jail in mexico. his mom says, enough. she's next. hi, i'm jay farner president of quicken loans and we're here in detroit, michigan, helping folks refinance their homes and save money. does it make sense to refinance right now? a lot of times we can lower the monthly payment, we can consolidate debt. okay we just want to make sure that you know your options, and we're here for you. we're not just number crunchers, i specialize in what i do and i care about my clients. from beginning, the middle and to the end. you're going to talk to someone. not a machine. call us today for a mortgage experience that's engineered to amaze. she loves to shop online with her debit card. and so does bill, an identity thief who stole mary's identity, took over her bank accounts, and stole her hard-earned money. unfortunately, millions of americans just like you learn all it may take is a little misplaced information to wreak havoc on your life. this is identity theft. and no on

ultimately, the cost of the program will be independently determined by ken feinberg and ken feinberg charge that we stock in the send quarter is our best estimate of the potential exposure based on the data that's available to us and work that we did with outside third party actuaries. there's a wide range of potential outcomes associated with that. but the $400 million is our best estimate. as we work through the program we will continue to update that exposure, either up or down based on the results. but at the end of the day, again those results will be determined by ken feinberg. >> and chuck one last question, and just to put a point on that you also say in your release it could increase by another $200 million. how many vehicles did general motors sell to people who came in with a recalled vehicle and said, i don't want in anymore, give me something else? >> through the second quarter, that population of customers that were imed by the ignition switch recall we have old over 6,600 vehicles to those customers. >> those are people who said i'm done with this and i want a differen

there are other factors ken feinberg's trying to put into it saying, look, you can negotiate, i'm notoing to cut it off completely, but we're going to look at the averages of the labor statistics and irs numbers. however, we'll have other exceptional circumstances for those factors. it seems unkind, but there's something to this program to say, look, you don't have to go through the litigation -- >> i know, it's supposed to be no muss, no fuss. we talked to a lot of lawyers representing the families of the victims. they're not any part of this. but you're saying that the $400 million isn't going to come close. >> you've got 13 deaths. >> some of these lawyers are saying it's going to be a lot higher. >> that's all you know about. >> does this take gm under? >> it's already had a significant effect. right now their profits have gone down from $1.2 billion last year to $190 million now. >> and they're recalling cars left and right. >> they have 16 more just this year recalls. it's certainly having an effect. obviously the publicity -- and this is not a small feat. >> 30 million total re

you spoke to kenneth feinberg. what did he tell you about the payoffs and how to determine who's worth what, i guess you could say? >> that's a very difficult question as he said. here's the deal, though. you have got an untold number, an unknown number right now of dead and an unknown number of injured. they'll start submitting the claims on august 1st. they have to have them submitted by september 31st and the payout could be anywhere from, for example, $2 million for the surviving family members of a 17-year-old student who was not married and did not have children, those surviving family members in the neighborhood of $2 million total. to a 25-year-old parent, for example, who might have two kids and making about $46,000. they might see their family members get closer to $4.5 million. and then go all the way up to, for example, a 10-year-old paraplegic who became a paraplegic because of a terrible car crash. talking about the high single digits to double digits in terms of millions of dollars. it is a sliding s

feinberg to appear first.

hired kenneth feinberg to be the sole decider on how much to pay victims or survivors. he'll start receiving claims on august 1. >> g.m. has said under this program anybody who already settled their claim with general motors before they knew about this cover up or this ignition switch problem may rip up the release they signed and come back into this program to get additional compensation. >> they advice that you only use the single key to turn your car on and off and if that key came with a key fob, they advise that you take that off, too. >> proud algerian fans singing and dancing in the streets of paris, even after their team lost to germany. after yesterday's dramatic game went into extra time, the boys in white and green will be heading home, but this was the first time ever algeria reached the top 16 in the world cup tournament, and it is, of course, game day for team usa, the americans against belgium, their first match in the knockout round. do you see the worry on my face. >> i see concern, not worry. >> the loser gets a ticket back home, soccer fans getting re

my name is kenneth feinberg.d i have been assigned the task of designing and administering the gm ignition compensation claims resolution protocol. claims resolution protocol, the gm ignition switch compensation program. i want to spend a few minutes this morning an overview of the program, how we got where we are. secondly, i want to summarize

ultimately, the cost of the program will be independently determined by ken feinberg and ken feinberghat we took in the second quarter is our best estimate of the potential exposure based on the data that's available to us and work that we did with outside third party actuaries. >> let's shift gears and look at what ford reported for the second quarter. beat the street by third quarter revenues. same for ford. when you look at shares of ford, however, intraday, you can see that investors are much more optimistic of where things are at ford. by the way, carl, ford reporting a record $2.44 billion profit in north america for the second quarter. that's the best they have ever done in any quarter in north america. back to you. >> what's the final tally on general motors and the recalls? >> in terms of the number of vehicles? >> the number. the number so far, yes. >> the total number is just under 29 million for all of these, not just the ignition switch-related ones, 29 million for the year. >> yeah, crazy. phil lebeau, thank you for that. >>> under armour seeing big gains and beat analys

one of them for $400 million covers a composition fund run by attorney ken feinberg. that fund will settle claims for dozens injured or killed in defective gm models. >> the $400illion estimate that we took in the second quarter is our best estimate based on the data available to us and using outside experts and outside actuaries. >> reporter: meanwhile at ford, steady business in the showroom drove the company to the most profitable quarter ever in north america bringing in $2.4 billion, that helped ford beat analysts estimates, but the good news also extended to europe, where ford's on going efforts to cut losses finally paid off with the first quarterly profit in europe since 2011. >> the quarter profit even though it was relatively small, as you said, it was a signal that we're definitely on the right track and we're definitely going to deliver the profit in 015. so everybody was extremely excited about that. >> reporter: ford's new ceo mark fields says he won't alter the one ford game plan to turn around the auto maker over the last eight years, and that's music