fisker fisker . >>> the a.p.eported this morning the white house knew a year before fisker automotive failed that the super expensive car-maker's failure was inevitable. yet, team obama kept sending fisker our money. meanwhile, fisker execs appeared before a house executive today. hampton pearson joins us with all the details. good evening, hampton. >> good evening, larry, this felt like flash points from the start at a sub house committee hearing of a nearly half a billion loan to fisker, republicans accusing the obama administration of making a green energy bad bet. democrats defending a program they say has made more than $8 billion in auto industry loans with a 98% success rate. >> this is not a well thought out startup. it had a fancy design an big names behind it but no real business acumen. >> but the world outside the beltway, anyone who exceeds expectations 98% of the time gets an 5-plus. that's what the doe's performance has been in this program. >> fisker automotive received $196 billion before it was

but fisker -- a123 was fisker's battery supplier, and a lot of the problems that fisker relate to the problems that a123 and vice versa. they basically -- they basically had a coventure to sell the cars and it hit the ditch. jon: so is fisker the solyndra of the electric car world? >> you know, it's tough to make comparisons like that. i think the two are different, but certainly politically, and from a policy point of view the fisker situation is raising a lot of really difficult questions for people who think the government should get involved in support -- and support the development of electric cars. it's caused a debate in washington over whether the government should be in the venture capital business which is basically what this was. it's not the kind of basic research are sending money to a national lab and saying, hey, help us develop a new battery. this is a different thing. i'm not entirely certain that the government could do that gape without a fairly vigorous political debate after this. jon: fisker has not built a new car since july and is teetering on the verge of coll

in what way was the government sort of micromanaging fisker karma to their detriment? lot of ways and there was a lot of negligence in the doe process. they could have frozen alone sooner than they have. unfortunately, although the loan was $529 million committee frozen after $193 million sparing taxpayers some of that money. at the same time, the government micromanagement of private sector investment, this is what happens. you see government getting in the way, you see companies that are relying on the government. they didn't get private financial investment on their own for reason. david: you look at all the other failures. solyndra is kind of the poster child of the failures. but you have evergreen solar, beacon power, abound, you have a whole slew of these green investment failures. and isn't there enough evidence now that the government makes a lousy capitalist? >> yes, you are right and soros systems is another example. the advanced technology vehicles loan program, from the department of energy, supporters of this program argue that it has only been a 2% loss r

" fisker karma it costs us over $100,000.t this car from a dealer. this is not a press car. it's an electric car that also has a gasoline engine much like a chevy volt. and it looks awesome. it is lo. it is sleek. it is sentous. it's also broken. right here in the middle of our driveway. the car doesn't go in gear. it doesn't move. the dealer has to come with a flatbed and take it away. and hopefully they can fix it. >> bill: i don't know whether the government paid for the tow truck or not. here to explain further is john stossel. this is another in a long line. i have got them all and we are going to read them tonight. government boondoggle. they don't know what they're doing. lend money to anybody if it sounds good and we are getting fleeced. >> we are getting fleeced. you overstated it. they don't lend money to anybody who sounds good because there are a million people applying. they make an effort to find the best ones. the people that have cronies in government get the loans and government can't even count votes accurat

fisker pledged its assets as collateral..overnment loan was given to the anaheim -based company. as part of an obama administration program to boost electric cars, and other advanced vehicles. >> jacqueline: this was really warm. however will it last? coming up. >> jacqueline: we're going to continue with the cooling '60s and '70s by thursday. we will continue with fog. it is up along the coast reduced visibility. the computer model is offshore. but i think that it is going to be along the san mateo coast. largely in the 50s. santa rosa. >> pam: it is now official. jahar sar-nye-yev the bostonand here is the latest in the terror attacks. federal charges have been filed against sar-nye-yev, but he still faces charges from the state. and officials say, the bombing was motivated by a radical form of islam. but they do not believe others were involved. meanwhile, one victim, 29- year-old krystle campbell. was laid to rest today. and a memorial was held for the chinese graduate student, lu lingzi's. who was also killed. and of the

"i suspect it might be the end of fisker. it's headed to bankruptcy and i don't know who's around who'll want to buy its assets and continue building vehicles." despite government loans of nearly 200-million dollars, fisker got into its financial fix when it's electric battery supplier went under, compounded by stalled negotiations to sell the company to a chinese motor group. newly appointed treasury secretary jack lew is in europe this week. lew is set to meet with german and french officials today to discuss a pending free-trade agreement between the u.s. and europe. lew said this week that europe should focus on growth policies and ease off austerity measures. meanwhile, portugal's prime minister is searching for budget cuts after a court ruled that proposed austerity measures were unconstitutional. " at the end of the day, the social unrest and the political unacceptance of these type of measures is going to have a say in whatever decision is going to be made regarding portugal." that was alexander mirtchev of the krull

if i were the defense representing fisker, that's the defense.ok the case and won. what would you win for the laid off employees? >> okay. the laid off employees can win however much money they would have had if given the notice. stuart: where does the money come from, they are bankrupt. >> join the line. stuart: how do you get fees? >> there's fees on top of that, a reasonable attorney fee. stuart: 30% and expenses. >> whatever the court says is reasonable. stuart: and then 40%. >> probably not in that situation, but -- stuart: on occasion you have. >> absolutely. stuart: where do you get the fee from? >> and in the cases we lose. stuart: you charge somebody for the time. >> it's an interesting thing. the county has an action against teem too. the state of california might if california pays out benefits to the workers because they didn't get the notice. california can grab the money back. stuart: what about the taxpayer? we put all -- i don't know how many millions, but millions of dollars went into the company, they are now belly up. i'm the t

and the republicans attack fisker. we'll take a look, coming up in business news. >>> when i first saw the clip, it was -- you know, gut wrenching. [ bleep ] [ bleep ]. >> rookie mistake. >> it's still funny, every time. >> national punch line. today's second chance for the sma small-town news anchor whose first day flub went viral. >>> we have the low clouds back and big drop in temperatures on the way. a look at your forecast coming up. >> thank you very much, rob. it is 6:12. time for a quick check on the day's top stories. rescue crews right now, looking for dozens who may still be trapped in the rubble of an eighth story building that collapsed in bangladesh. right now, at least 87 people are dead. government factory workers say the building developed large cracks reported on the news the day before it collapsed. >> more protests are expected in france after the country legalized same-sex marriage. riot police, opponents of the move clash ed florida paris las night. protesters threw glass bottles, cans, metal bars

this time it's an electric car company, fisker automotive.rs, yes, let me repeat that means you, could be on the hook for 192 million dollars. how can this happen again right after the solyndra mess? and co-anchor markets now on fox business network. dennis, the white house must-- the rumor is that fisker has begun assembling a group of bankruptcy lawyers, that's a bad sign, would you agree? >> yeah, it's a really bad sign. it means that fisker will likely head into bankruptcy court so the creditors can't include the debt and especially american taxpayers. this company was approved for 530 million in federal loans and took almost 200 million and it was going to create a thousand jobs in america, it turns out it doesn't make cars here, it makes 100,000 electric hot rods in finland and employed 500 people. and 200 in the u.s. and last week laid off virtually all of them. and the first debt payment on the federally guaranteed loan is due in a few weeks, but now likely to go into bankruptcy court. 26 companies, green energy companies have gotten

fisker battery supplier went the wrong way as well. the system is quite something and opened by a chinese company. changed the name by the way. i love this. a123 is now b456. you thought thechinese didn't have a sense of humor, right? it benefited from a early $250 million grant. that is $250 million. the chinese should send us thank you card. don't you? wouldn't that be nice? and solyndra got $528 million. wow. you know what? they went belly up. thebattery maker, received 118 million. they went belly up. energy store ran company, beacon power received $43 million. how about that? that feels likchump change, doesn't it? just $43 million taxpayers dollars. you gt it. they went belly up. solar panel company i love the name, abound solar got $400 million. we will kick it ba up on this one. i don't need to pint out by but i. it will is fun to say. they went bell ily up. we -- belly up. we laid out the losers the administration obama picked and we are looking for he winners because they talk about how successful they are. we found one. just

a 123 battery and fisker.re is a great piece in the "wall street journal" they will tell you all the time they base the decisions on the merits of the so-called project and the company. but yet when you go through the cap first kerr for example. triple c credit rating. junk status. >> greta: no private person would lend money. >> and what that does, too, is crowd out worthy companies from getting private investment. because they will follow well if the government is backing this maybe that is where we should private investment at the opportunity cost of helping some other worthy project throughout. triple c credit rating. the loan value was twice that of the collateral. who does something lea like th? only the government and department of energy with your tax dollars and we have an e-mail from the ceo of fisker saying we need the loan approved now because i can't meet payroll. couldn't meet payroll and had a junk credit rating and yet get your money. it has to be either complete income pa tense which they say

you understand that fisker is essentially a pretty version of a preus. it is an electric hybrid and it was money for something that was already being made. >> i look forward to the april 24 hearing, sir. nice to see you. always nice to see you. >> thank you. >>> another giant surprise by obama care. this time it is the health and human services secretary who is surprised. kathleen sebelius saying she did not expect it to be so hard to implement the national health care law. she's blaming the states. congressman trey gaudy joins us. nice to see you. and she's blaming, i should add, politics. i'm surprised that she's surprised that there's going to be a problem when it's 2,800 pages with 20,000 regulations and unhappy states. your thought on what she said. >> the last time i saw madam secretary, she was also surprised at the first amendment implications of her hhs mandate. i'm not surprised that she's surprised. 13,000 regulations already. this is what -- this is what you get when you don't have a single republican vote in an effort to remake 1/5 of your e

fisker automotive was backed by 529 million dollars in federal loan guarantees.ce then, the company has spent 200 million dollars of that, that means taxpayers may not get that money back and in just the last month, fisker reportedly hired a bankruptcy lawyer, oh, joy, and let go 75% of the work force. in 2009, vice-president joe biden had to say this. >> we're here standing today, proving the beginning of what we're going to be able to say the doubters were wrong about our ability to manufacture. >> megyn: oh, boy. you hate to have those things on tape, when you're the person saying them? and it wasn't just members of the administration getting behind the auto maker, celebrities like leonardo dicaprio helping to raise more than a billion dollars in private funds to get behind fisker. alas, it was not to be, lou dobbs. host of lou dobbs tonight on the fox business network. we have to laugh because i mean, it sounds like a shocking failure, but it's not that funny because it involves our money. >> yeah, but you know, the fact is, you might as well laugh, they have

fisker battery supplier went the wrong way as well.he system is quite something and opned by a chinese company. changed the name by the way. i love this. a123 is now b456. you thought the chinese didn't have a sense of humor, right? it benefited from a early $250 million grant. that is $250 million. the chinese should send us a thank you card. don't you? wouldn't that be nice? and solyndra got $528 million. wow. you know what? they went belly up. the battery maker, received 118 million. they went belly up. energy store ran company, beacon power received $43 million. how about that? that feels like chump change, doesn't it? just $43 million taxpayers dollars. you got it. they went belly up. solar panel company i love the name, aound solar got $400 million. we will kick it back up on is one. i don't need to point out by but i. it will is fun to say. they went bell ily up. we -- belly up. we lai out the losers the administration obama picked and we are looking for the winners because they talk about how successful they are. we found one.

fisker was able to only tap 139 million of it. that's impressive, huh? >> we would say we're shocked. fisker battery supplier went the wrong way as well. ned a chinese quiteg company. chged the name bythe way. i love this. a123 is now b a sense ohum,riht?inese didn't it benefited froma arly $250 million grant. that is25 million.the chinese sa thank you card. don't you? wouldn't that be nice? and solyn $5 wow. you know maker, received8 milli. they went belly up. energy store ran company, beacon power received $43 million. how about that? that feels like chump change, doesn't it? just $43 million taxpayers dollars. you got it. they went belly up. solar panel company i love the name, abound solar got $400 million. we will kick it back up on this one. i don't need to point out by but i. it will is fun to say. they went bell ily up. we -- belly up. we laid out the losers the administration obama picked and we are looking for the winners because they talk about how successful they are. we found one. just one. tesla received $465 million. to build electric cars

these hearing about fisker getting ready in the same room, will get under way shortly. critics of the voe loan to fisker says it was a waste of american tax dollars, and the government's willingness to give fisker a loan led private invest investors to think that the company was a safe bet. >>> south bay's apple posted its first reduction in profit in a decade on tuesday afternoon. that's kind of the bad news over here. tim cook wants you to look over here at the big dividends. apple shares rose on news that the company would increase payout to shareholders, news we long predicted. apple said it would accelerate its stock buy back as well. fewer shares outstanding mean each share is worth more, a way of upping the share price. that worked just fine. >>> broader markets this morning and turn to jackie deangelis live at cnbc headquarters. good morning, jackie. >> good morning, scott. futures higher after stocks rose for a third day yesterday. the dow posting a gain on 15 straight tuesdays. that is the first time that that has happened since 1927. now, this all came despit

. >>> more bad news for fisker. after borrowing money from the government, fisker missed a loan payment to the department much energy. it's the latest misstep for fisker which recently laid off part of its staff. you can contrast that with tesla of palo alto which claims to be zeroing in on profitability and saw the stock price climb. >>> thank you, scott. up, up and away with the wingspan of a 747 and the power of an electric scooter, the solar plane cruised around the area. today's flight took off over the bay area. it will run 16 hours nonstop. you see it there? can you see it over the golden gate bridge? it will power the solar cells during the day and solar charge batteries power it after sundown. this is in preparation for the cross-country flight in a solar powered aircraft. >> what we'd like to do is inspire people. inspire people to achieve their dreams and inspire people to achieve what is to be get out of their certitudes. if we can bring this to the young generation, that's the goal of this project. >> t

fisker battery supplier went the wrong way as well.tem is quite something and opened by a chinese company. changed the name by the way. i love this. a123 is now b456. you thought the chinese didn't have a sense of humor, right? it benefited from a early $250 million grant. that is $250 million. the chinese should send us a thank you card. don't you? wouldn't that be nice? and solyndra got $528 million. wow. you know what? they went belly up. the battery maker, received 118 million. they went belly up. energy store ran company, beacon power received $43 million. how about that? that feels like chump change, doesn't it? just $43 million taxpayers dollars. you got it. they went belly up. solar panel company i love the name, abound solar got $400 million. we will kick it back up on this one. i don't need to point out by but i. it will is fun to say. they went bell ily up. we -- belly up. we laid out the losers the administration obama picked and we are looking for the winners because they talk about how successful they are. we found one. j

fisker had a short run.this scene not that long ago actually when he was unveiling its new car on santana row to last friday on layoffs. a good portion of its workforce is gone. you mentioned it could file for bankruptcy as early as today. fisker took about $190 million in government loans. private investors sank money into the company. the department of energy which has had such debacle with s solyndra. economists are still scratching their heads over friday's job nu numbers. they were lousy. the unemployment rate went down. more people abandoned the idea of work. the participation rate. only about six out of ten adults are working or looking for work. if you took the participation of 2008 and applied it to today's numbers, in other words, if the number of people looking for work five years ago came back into the job market looking for jobs, you would have an unemployment rate of about 10%. college degree and you work in technology, economists say, we're pretty close to full employment. companies are compet

fisker said there's no political involvement.ce talked about it? of course they did. it has to be one or the other or a little bit of incompetence and frankly the political connection. >> greta: how much is the american taxpayer going to lose? >> $200 million. >> greta: we've got problems with the faa and $200 million is real money. it should be a sign when the private people don't want to invest in something that maybe the government shouldn't. congressman, thank you, sir. >>> straight ahead, swooning in the subways, michael buble giving commuters a big surprise. that's next. commuters a surprise. that's next. ♪ >> this is abraham lincoln. this is the spot where a president puts the most influential president. each president picks a president, and i chose lincoln. now, in my case, influential president, it's got a lot of meaning. because my dad is by far the most influential president. as a matter of fact, i wouldn't be here without his unconditional love. so i tell people 41 is in my heart, but i put lincoln on the wall. leader

fisker hasn't built any cars since july.rying to renegotiate a loan payment with the department of energy which is due on april 22nd. it got $190 million from the government but both sides have declined to say how much fisker owes later this month. one to watch. lori: okay. google taking on the fbi here. so what is the reason the company's at odds with the bureau? it is all about users insfo. shibani joshi all over the story for us. >> probably only one big company as mighty and as patient and as rich enough to take on the fbi as google but google is taking on the fight. the company is pushing back on fbi requests that it has received to allow the agency to secretly get access to names, addresses and other personal information about you without any sort of clearance, without warrants and without any notification to the users. in fact the company has been trying to be more open and more transparent about all of these government requests by publishing a transparency report over the last few years but this has become an increas

neil: fisker fizzling out, the government wants its money back. before they short circuit.en obvious difficult that's company is facing we're taking strong and appropriate action on behalf of tax payers. good to know, but the last line stuck in my craw. on behalf of taxpayers. why wassermann was not thinking of taxpayers before. and hadley, better late than never? >> yeah, uncle sam, giveeth and take elstaketh away. if you have a government big enough to give you everything you want it is also big enough to take away everything you have. this is just a fraction of the problem. that is $34.5 billions too many. neil: i am happy they are looking out for the taxpayers, they did not start out that way. >> it was $193 million originally. i say only, in principle, supporting clean energy, i get, let's face it we know that climate change, man-made, is going to cause future generations serious problems. so i do understand why the government is going after this. neil: we can -- man-made climate change. >> according to the -- >> i am not getting into that argument but your point on ta

. >> gregg: the electric car maker fisker seemed to have a bright future. the beib liked his, that is not good news. the federal government promised a massive loan coming out of your pocket. why is the company in danger of going belly-up. brenda buttner is next. >> heather: we know you are a fan of the beib, gregg? >> and plus a shape and ceremony welcoming the latest member of the fleet. >> gregg: and an airport worker accused of having sticky fingers making off with valuable goods tucked away inside luggage. how they nabbed him still ahead. >> we could see some of the guns had been scanned into the airport but not scanned in getting on to an aircraft. take days to work. for faster relief, try dulcolac laxative tablets. dulcolac provides gentle relief overnight unlike miralax and metamucil that can take up to 3 days. plays a key role throughout our lives. one a day men's 50+ is a complete multivitamin designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one a day men's 50+. did you know that if you wear a partial, you

fisker automotive getting more than $500 million from the obama administration and from you but that company hasn't made a single car since the month of july. to top it off, the green car company is in financial trouble and could soon file for bankruptcy. last week fisker furloughed 200 workers in the united states to try to save money. >> listen to this one. if you buy a bagel in new york, be prepared to pay more just to have it sliced. that's because tax revenue for states often stems from really weird laws. here with a look at some of those bizarre state taxes is adam shapiro from the fox business network. adam, really? pay more to have your bagel sliced? >> if you get attitude, that is even more expensive. who would have ever thought cutting a bagel in half would help new york state bring home the bacon? and it's all kosher. new york state charges an 8 cent tax on all altered bagels. and the altered includes slicing, dicing, toasting and putting on butter and cream cheese. in other states you're going to pay a tax for things you may have never considered. for instance, utah, a bu

>> the company, fisker automotive, jon.nergy department approved a $529 million loan trying to encourage development of electric cars. documents leaked to the associated press the obama administration was warned of fisker problems a full year before they pulled the plug on the loan. by then, $529 million taxpayer dollars were paid out. that is probably money we'll never see again. that is the biggest solar debacle after solyndra mess. that got a $528 million loan from the energy department to only to declare bankruptcy and lay off all the workers. someone in the energy department loan office raised a flag about fisker finances but the loans continued for another 12 months after that. fisker was touted by the administration as the future of american car making but the company hasn't sold any cars since last summer and is in the process of trying to buyer for itself. as it very quickly runs out of cash. back to you. jon: rick, keep us updated. thanks. >> right now some victims of the boston marathon bombings are being release

if fisker had $21 million of loans but the loans were frozen in 2011 amid a series of problems.go fisker laid off 75 percent of the workers. >>> he resigned in disgrace after sending explicit photos and messages to women on-line. former new york congressman anthony weiner has returned to the same social networking site that ruined his career two years ago. wiener starting a new twitter page as he considers a return to politics possibly a run as new york city mayor. >> special honor one of our nation's heros michael nicholson got to throw out the first ceremonial pitch at the tampa bay ray's game last night. it was a perfect strike which brought the fans in the stand to their feet. the marine says it was an amazing night. >> words can't describe it. felt awesome. felt great. >> it is a transition to the next chapter in my life. i am real licks sited. >> the marine lost both of his legs during an ied attack in 2011 while serving afghanistan. that is your 5@that:30. >> you saw the mug shot. now fox news has brand new video of actress reese witherspoon under arrest. waga reporter ha

face ker was able to tap -- fisker was able to tap $153 million of it.attery supplier went the wrong way as well. this is owned by a chinese company to change the name by the way. i love this. a-123 is now b-456. you thought the chinese didn't have a sense of humor, right? benefited from $250 million grant. the chinese should send us, i think, a thank you card. don't you? wouldn't that be nice? solyndra got $528 million. wow! you know what? they went belly up. battery maker interone received $118 million. $118 million. you know what happened? right, they went belly up. energy storage company beacom power veeveed $43 million. that feels like chump change, doesn't it? $46 million taxpayer dollars. yep, you got it. they went belly up. solar panel company, i love the name, abound solar. they got $400 million. we are going to kick it back up here on this one. $400 million. i guess i don't need to point it out by i will. it's fun to say. i sounds better than bankrupt. they went belly up. we laid out the losers that the obama administration energy department pi

gregg: you can see fisker not being a good, viable company, they could see it. they were a design company. tesla, for example, they were a company that invested four years worth of research into batteries. they are a success story. they got government fund. and of course we gave money to the companies making batteries for the chevy volt. so in fairness there have been success stories. >> there have been but too far and few between. tesla, for instance, to your point, they started, 4-year ahead start on fisker. they started on actually a supply chain. gregg: right. >> they concentrated on the nuts and bolts of business. fisker wanted to get a sexsy car and before they got the kinks out of that they want ad second car. they weren't vetted properly. tesla has a guy elon musk who is respected around the world from paypal and other things. he can raise money around the world. this was a viable business and this obviously was not and a giant money grab. it is not just this. the whole clean energy initiative, if you will, 90 billion put in the stimulus package for it i

only are the taxpayers on the hook for the government's investment for the car maker approximate fisker. our government's plan may have put it on the verge of. like pushing them to build cars and vice-president joe biden's state of delaware and john said this is why dc should get out of green us businesses and all businesses. >> without question. if the federal burrcrats hay clue they would be making billion necessary the private sector and venture capitolist say they are wrong. and the notion that federal burrcrats with no profit plin can do better it i laughable. its time to exit and give it back to the private sector. >> rick, the government pushed the car company while it losing $550,000 for every car they sold. >> there was no way can successfully defend the investment in fiscer. it was a loser. this is what i worry about. we have to be careful not to cast the net too wide. we know people who are alive today because of direct government investment in pharmesutical and electronics changed the world. don't throw out the baby with the bath water. i know you don't like green investment

so the funding of solyndra or fisker is abysmal.ever why throw good money after bad. >> tens of huges of billions of dollars thrown at the green energy market and doesn't seem to be making energy any cheap are for me. my power bill at home -- they're going up every month. >> listen to this about fisker. the battery will go 32-miles and then the internal combustion kicks in and gets 20 miles to the gallon. this is a gas hog. it's not green car. >> let me tell you something. i test-drove a volt one. gm came to the building and said will you test-drive it. i literally ran out of charge 23-miles a. from home in the lynn len funnel had to switch over to gasoline. said, i can't say that it's time for hybrid or a fully electric car. how far off are we on this stuff? >> well, before the electrics are obviously having adoption problems -- i was given a volt to test drive and it wouldn't start. the fact of the matter is we're just not really selling a lot of these. that's as opposed to the mixed more conventional hybrid. toyota sells a lot of

i say no because fisker is a hybrid vehicle. it is not a pure electric vehicle.see. >> what we have today is a pure electric sports car. and, but that, sorry. david: no, go ahead. >> no. the day's, we're very excited about launching this product. it is not the only product we're launching. tonight we're also announcing some very innovative products. we change the perception how people view the usage of electric vehicles. david: don, give us, the folks out there some numbers to chew on for a second. this is from the march 2013 sales just out for the electric vehicles and hybrids. chevy volt was down 35%, if we can put those numbers up there, 1478 units is how many they sold. the prius, which of course is a hybrid, it is not an all-electric vehicle. they're down 23%. their sales numbers are a lot bigger in terms of vehicles, 22,000. nissan leaf, on the other hand, another hybridder this up 286%. so the numbers are all over the place on these vehicles. actually that nissan figure is wrong. it is up 286%. not down 286%. so where, what gives you any hope that you can

fisker is furloughing all its employees.card companies are doing quite well but better news is how many people are making those car payments on time. there's a sector for you. as we go to break, take a look at oil and in particular, oil has been doing better. $96.46 right now. we're pushing 100, guys. we'll be right back. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to fus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. cheryl: you ever got a lot of names. proctor and gamble, j & j, united health, pfizer, coca-cola and dow up 96 points and who else watches the dow? stocks now, ni

fisker is reportedly close to filing for bankruptcy. >>> in other news, yahoo! and apple want to deepen their relationship. reports say the companies are discussing the way to expand the amount of content that comes preloaded on the iphone and ipad. >>> gm will start running ads again on facebook. the move comes nearly a year after the automaker pulled its ads just three days before facebook's ipo, saying they had little impact on consumers. back to you. >> thanks, seema. >>> well, the question on wall street today, what will the fed say, and will the dow hold on to its record high. the fed march minutes are out at 2:00 p.m. while chief bernanke said stimulus will continue, not all fed members are on board. >>> valuing shamu between $24 and $27 a share. >>> your check could be in the mail. settlement checks between $300 and $125,000 will be going out this friday to 8 in 10 borrowers who were wrongly foreclosed on during the mortgage crisis. >>> and loan payments could rise dramatically for millions of college students come july unless congress takes action. the

. >>> the end of an era could come today for fisker and its electric car. scott mcgrew, the company was doomed as an independent brand. >>> ceo stepped down and laid off hundreds. we are a long way away from this scene when fisker was unveiling a new car at santana row. he could file for bankruptcy as early as today. the company did get department of energy loans. so do expect some political pushback on this. not on the level of solindra. there is a push online to get someone to buy the rights to the design. put a new power plant in the front to give the car a range of many hundreds of miles. as you guessed, they call it gasoline. let's check the markets this morning. let's turn to seema mody. good morning. >> hello there. futures are higher as the markets come off a down week for the dow and the nasdaq ending in the red. friday's disappointing jobs report. look for reports later this week on retail sales, inflags and consumer sentiment. earning season kick off with um ins from aluminum giant, alcoa. the dow falling 40 points and the nasdaq losing 21 to clo

. >>> and then one carmaker, fisker is letting go about 75% of the workforce after it failed to make deal with an ought motive partner. some were told of the layoffs on friday. >>> target taking heat over the name of a color for one of the plus-size dresses. you are looking at the dress now. the dress on the top is called heather gray, and the plus size version below is called manatee gray. some women were afentpepaowe -- fended. >>> you could be using hundreds of bucks because of where you get your medications. consumer report magazines recently sent secret shoppers to pharmacies to compare prices and what they found it might shock you. the survey says cvs is the most expensive, and costco consumers, you are getting the best deal. the study focused on the generic forms of the top five drugs. at cvs, lipitor $150, and at costco, $15. and then we are talking to the consumer editor, lisa gill. why the discrepancy in price? >> we have been doing the secret shopper survey for a number of years and this was the most -- really the most surprising results we have ever seen. those price diff

they announced this morning -- >> are you talking about fisker? >> this morning they laid off almost their entire staff. cut it down to 40 people. they reportedly brought in a company that is a law firm that specializes in bankruptcy proceedings. they are trying to get a couple of chinese companies to buy them out. they have not been able to make a car so far this year because the battery supplier declared bankruptcy. they had 300 finished cars on the dock in new jersey that were brought over from the factory in finland and got wiped out from hurricane sandy. everything for them has gone wrong. you look at them and they're in a serious world of hurt right now. you look at tesla and it looks like tesla is going to survive. >> the big difference seems to be for tesla and established electric car companies and i'm talking about nissan with the leaf and other things. there is finally a real market for the cars. people are actually willing to spend $60,000 for a model s. people are willing to spend $30,000 for the smaller cars in enough numbers which m