general motors is a great company, we want to do right by those who are innocent victims, and general motors has been extremely helpful. i thought it very important not to limit our input from just general motors. i went to various plaintiff lawyers around the country and asked them what they thought about some of the features of this protocol, and, of course, the center for auto safety here this washington. but i must say general motors at no time -- now, they don't agree with everything in this protocol. they signed on to it, and you'll have to ask them what they like and don't like about it, but they did sign off and approve it. they're paying the freight on this. but healthy debate, very open, transparent discussion, and i give general motors a lot of credit for participating in this program. no cap on the ago e are gate -- aggregate amount of money. that is so important. i've found that when there's an aggregate cap, inevitably a claimant will say you're giving me less because you have to save more to pay somebody else. it's human nature. with no aggregate cap, i can tell every c

subject to punitive damages, which could be millions of dollars with a corporation the size of general motors. at that point in time, you were general counsel. >> that is correct. >> lucy clark doherty was general counsel for north america. >> that is correct. >> and again, in april 2013, almost the same time that you had the bombshell dropped on you in the deposition where degiorgio was confronted with a basic engineering task that had been done showing the switches had been switched out, changed, the part had been changed, once again you were warned about punitive damages. >> as a company, that is correct. >> okay. so you have a legal obligation as general counsel to report material events and liabilities to the securities and exchange commission. did you ever do that about this issue? >> on the issue of punitive damages? >> on the issue of this product defect and the problems surrounding it. have you ever reported it to the s.e.c.? >> not up until the time this became known have we made any disclosures to the s.e.c. >> the time you knew it, not your legal department. >> no i'm talking abou

that is what general motors is banking on. they would love to clear up most of the case this is way and avoid the uncertainty and cost of going to court. >> collin, what do you by this that? i'm sure you're running numbers and doing analysis on the potential liability for general motors. and ken fineberg sounds like he really wants to be fair about all. this this could really go to court and end up with a lot of money. is that what you see? what are your numbers telling you? >> yeah, one thing you have to realize is that gm does have bankruptcy protection for many claims. that's something they take they will have to consider if they do go to court. their chances, you know, they have to prove that senior management at gm is in the bankruptcy and that may be a hard claim. i think there's a good chance they'll settle a lot of this out. when i look at i, we're estimating in our numbers about a $300 million cost to gm. that's about a third the size of the civil settlement that toyota incurred. they're about a third of the numberst

general motors has been extremely helpful. i found it important not to limit or input from general motors. i went to various plaintiff lawyers around the country and asked them what they thought about some of the features of this protocol. and of course the center for the auto safety here in washington. i must say general motors at no time to -- they don't agree with everything in the protocol. they signed onto it and you will have to ask them what they like and don't like about it but they signed up and approved them paying the freight on this. healthy debate, very open, transparent discussion and i gave general motors a lot of credit for participating in the program. no cap on the aggregate amount of money. that is so important. i found when there is a cap and inevitably the claimants would say you're giving me less because you have to pay more to save somebody else. it's human nature. with no aggregate cap i could tell every claimant you don't have to worry about what someone else is getting. there is no cap on the program

general motors or toyota. go vote on nbr.com. >>> the results from last week's global rivals challenge where we asked you to choose between general electric and seamons of germany. you picked ge. 64% of you voting for the u.s. based company. >> i think so far, there have been mostly votes for the u.s. companies. do you think there is a bias there? >> i wonder why. good job. >> that's "nightly business report" for tonight. thanks for watching. >> i'm bill griffeth. have a great evening. we'll see you tomorrow. er >> this is world news america. >> funding of this presentation is made possible by -- the freeman foundation. newman's own foundation. giving all profits to charity. cokeler foundation, and union bank. >> at union bank, our relationship managers work hard to understand the industry you operate in. working to nurture new vn chures and help provide

subject to punitive damages, which could be millions of dollars with a corporation the size of general motors. at that time lucy clark gordy was general counsel for north america. so again, in april 2013, almost the same time that you had this bombshell locked where digiorgio was confronted with a basic engineering task that had been done, showing the switches have been twitched out and changed and the part had been changed and once again you are one about punitive damages. >> that is correct. >> so you have a legal obligation to report it liabilities to the securities and exchange commission. did you ever do that about this issue remapped. >> on the issue of this? >> on the issue of the surrounding it. have you ever reported it to the fcc? >> not up until the time that this became known. >> i'm talking about from the time that i knew and excluding that, no, we have not. >> subsequent to that we may have made a filing about the ignition switch recall and that is correct. >> and what about the legal obligation to inform the board of directors. were they aware that you they were telling you thi

general motors or toyota. go vote on nbr.com. >>> the results from last week's global rivals challenge where we asked you to choose between general electric and seamons of germany. you picked ge. 64% of you voting for the u.s. based company. >> i think so far, there have been mostly votes for the u.s. companies. do you think there is a bias there? >> i wonder why. good job. >> that's "nightly business report" for tonight. thanks for watching. >> i'm bill griffeth. have a great evening. we'll see you tomorrow. [ ♪music ] >> we live in an electronic -- a world full of technology. turntables, microphones, digital displays, microchips. some artists are driven by the possibilities of manipulating these things. >> walter is bringing together an ancient african approach to instrument building. >> this time on spark, playing with technology. [ ♪music ] >> major funding for spark is provided by the william and flora hewlett foundation, supporting creativity and innovation in the arts since 1967. and by the kqed campaign

general motors or toyota. go vote on nbr.com. >>> the results from last week's global rivals challenge where we asked you to choose between general electric and seamons of germany. you picked ge. 64% of you voting for the u.s. based company. >> i think so far, there have been mostly votes for the u.s. companies. do you think there is a bias there? >> i wonder why. good job. >> that's "nightly business report" for tonight. thanks for watching. >> i'm bill griffeth. have a great evening. we'll see you tomorrow. >>> tonight on revolutioners: >> i was the paper boy in palo alto where steve jobs used to live, and larry page lives today. that was the beginning of my journalism career. ♪ [ music ] ♪ >> steven levy of wired magazine, facebook author david patrick, and pulitzer prize winner john markof have seen it off. here they talk candidly about everything they've seen at the revolution. >> this evening is a little bit of a retrospect itch,

general motors is a great company, we want to do right by those who are innocent victims, and general motors has been extremely helpful. i thought it very important not to limit our input from just general motors. i went to various plaintiff lawyers around the country and asked them what they thought about some of the features of this protocol, and, of course, the center for auto safety here this washington. but i must say general motors at no time -- now, they don't agree with everything in this protocol. they signed on to it, and you'll have to ask them what they like and don't like about it, but they did sign off and approve it. they're paying the freight on this. but healthy debate, very open, transparent discussion, and i give general motors a lot of credit for participating in this program. no cap on the ago e are gate -- aggregate amount of money. that is so important. i've found that when there's an aggregate cap, inevitably a claimant will say you're giving me less because you have to save more to pay somebody else. it's human nature. with no aggregate cap, i can tell every c

i'm not a big general motors for the ceo to mr. milikin and down the line, extremely co-opt it, construct is. they say one he to do the right thing. i have only appreciation for general motors in assisting the actual draft dean of the protocol. i doubt anybody likes all of it except ms. biros in the aisles. but they provided us valuable in pertinent grateful to them. make thank you for your leadership on this and so many funds like this and i wish you well and certainly everybody is to go forward with trying to do with these claims in the best possible way. in terms of the company, better late than never. for those people who were dramatically impact did and to have lost that they will never recover from, and senator klobuchar was talking about, that no permit daughter to her father is a sad last and only thing to have at the last moment so that congress life. we will be very good as you work your way through this. i think the company made a good choice and look forward to watching that as this progresses. >> thank you, eric. >> se

general motors has been extremely helpful. i thought it very important not to limit our input to just general motors. i went to various lawyers around the country and what they thought about the protocol and the center for auto safety in washington. i must say, general motors, at no time, they do not agree with everything in the protocol. hey signed on to it. they are paying the freight on this. but healthy debate, very open and transparent discussion. i give general motors a lot of credit for participating in this program. no caps on the aggregate amount of money erie that is so important. i found when there is an aggregate cap, inevitably, a claimant will say, you are giving me less is you have to save more to pay somebody else. it is human nature. with no aggregate cap, i could tell every claimant you do not have to worry about it and you will get what you are entitled o. general motors waving contribute agreeing, no negligence, we're opening old claims and allowing people to come into the program. general motors using the

motors,ay that general from the ceo to mr. milligan and down the line, extremely cooperative, constructive, wanting to do the right thing. i have only appreciation for general motors in assisting ms. the actualyself in drafting of the protocol. i doubt anybody likes all of it, except ms. biros and myself. for your leadership on this, and so many other funds like this. i wish you well, and certainly everybody involved well as you move forward, trying to deal with these claims in the best possible way. in terms of the company, better late than never. for those people who were dramatically impacted and who ses they will never recover from, that note from a. her to her father is a sad, last, and only thing to have in the last moments of that young girl's life. the company made a good choice, and look forward to watching as this progresses. >> thank you, sir. >> senator blumenthal? >> thank you, madam chairman. i want to thank you for having this hearing, which i think is very important. mr. feinberg, for your work, very challengin

it is truly a dark chapter in the history of general motors. what we need to do today to make sure that the valukas report is the full story. is the valukas report accurate? is that the defendants account of this matter, or are there missing pieces? and ceo of delphi is with us today and it's my hope he will help the subcommittee understand if there's additional information that provides us with more of a complete picture. i hope his testimony today will be forthcoming and not circle the wagons. we need to know what happened here, and delphi has responsibility to the families and the survivors to provide a complete picture. if delphi knows more than of valukas report identified or believes there are inaccuracies, now is the time to make those known. the valukas report offers a strong timeline of the issues by concerns that it may not paint the entire picture. 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,

>> typically, general motors being the new company since they became out of bankruptcy does not have to compensate victims or families of victims for some of these claims but a public relations disaster for the company. so, they absolutely have to do this. i think one of the big issues here is going to be the fairly short window of time between august 1st and the end of the year when claimants have a chance to file. so, there may you can some complaining about that. there may be some pushback on that really from the families who have been affected by this. >> okay. so, we will hear more on that. but jessica, while we have been listening about the fund and hearing what's happening, seems just about every week, there are a series of new recalls. soer far the company has recalled 26 million vehicles sold in the united states. they only sold 2.7 million last year. you start to wonder if gm has recalled every car they've ever made. >> i mean, certainly seems this way. i think every week, it seems like there's more and more recalls, that every week, it seems like that's the end of the reca

we are joined by the general motors settlement czar ken feinberg. 9/11, bp, this is another big case.are you seeing so far? >> we are starting to see the claims. the claims cannot officially be submitted until august 1. you have from august until december 31 to officially submit a claim. but we are starting to get letters from individuals, and the letters go all the way from simple in eligibility. you are not even involved in a designated vehicle subject of protocol. all the way to the other extreme. hot, wrenching stories about victims who survived or families who lost a loved one and suffered horribly as a result of the tragedy. >> four hours after your announcement, general motors said it was recalling another 8.4 million vehicles for similar ignition problems. could that be extended to your purview? >> could be extended? that is up to gm? right now all of those recall vehicles are ineligible. the only vehicles that are eligible for this plan are the original 2.6 million recalled, the cobalts and pontiacs. >> for those others, the only recourse they have, unless they change and put

that has helped all the general motors brands. >> the thing that's hung in is the stock price. the question is how much more will it cost the company? do you think stockholders are right to have hung in there and be thinking the worse is over? >> well, again, if you go back in history, car companies rebound from these things. there has never been a series of recalls of this propose. there's got to be some risk but the market has been say lent. we're in a bull market. the dow crossed 17,000. i think the market is reacting to the sales numbers and the sales numbers aren't affected so far. you know, one of the ironies about the great improvement of cars is that these defects that started this whole crisis for general motors is the simplest of parts. the ignition switch. not some new technology. it's the part that people don't pay attention to. and general motors didn't either. >> jessica, it's not just gm strong in sales, for most companies they have been as strong before the recession. is this the right time to buy a car for a consumer? >> it looks like it. car sales are stronger

adam: david, 39 million cars recalled is not all general motors. just half general motors. isn't at end of the day, biggest threat you walk into gm dealership, you're wondering about quality, are you not? >> you want spin it as a positive the fact of the matter is those models are no longer in production. general motors improved array of models they manufacture. low interest rates, record old fleet on the road, and, better jobs people are coming in to buy cars. adam: camaro or corvette? >> i don't know. there was once a time and place like, think about it this way. arthur andersen didn't kill anybody, right? adam: right. >> or i don't think gm purposely killed anybody. arthur andersen aided and abetted fraud of enron. put out of the business, 18,000 jobs. >> reason why gm will survive. arthur andersen they don't get rid of jobs. they should be put out of business this is bad stuff. >> maybe this is good stuff. er remember hearing about the 30,000 bitcoin auction? one guy, venture capitalist, tim draper, owner of silk road bitcoin. haven't told us how much they got. hillary,

to put that into context of where general motors is this year, in the united states, general motors has recalled more than 25 million vehicles in 2014. that's the story from here in washington. back to you. >> u.s. auto sales for june are released later with experts predicting the pick up in the car market to have continued last month. analysts expect sales to stop the june 2013 number but to fall nearly 12% on a month ago basis after an exceptionally strong may and as consumers begin to head off for the summer vacations. michelle joins me now from detroit. we're expecting june sales to be slightly lower month on month. >> well, right. sales will be better than last june and -- but lower than may. but may is always a big month and it was an exceptionally strong month this year as we saw a lot of pent up demand from the terrible winter unleash. >> the message did not get caught up in some of the details here. are we seeing the gm recall impacting sales at all? >> not a bit. it's quite amazing how resilient general motors has been throughout this. we are seeing no impact on sales and on s

keep in mind, general motors supplemented their safety office by adding 40 additional engineers this ng around april when things hit the fan. well, that's more investigators then is asked to cover all the of the companies and motor vehicle equipment as well as motor vehicles, so scary understaffed. gerri: understaffed, i'm not willing to let them off the hook. is there anything that needs to begin to get that recall information faster? >> was a recall actually starts-- the problem here i don't think was so much getting information to the public was the recall was announced, but rather that the recall should have been done years earlier. gerri: allen, thank you for coming on. >> my pleasure. gerri: next, the man who was a pioneer of holding him accountable. he's here. consumer advocate ralph nader gives us his thoughts on if anything has changed since the chevy corvair. stay with us. ♪ 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 an

. >> another car company in the news, general motors. offering a deal to families of those killed by those faulty ignition switches. 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

general motors issues yet another massive recall.y two decades. >> new evidence this proves a belief that autism is linked to childhood vaccines. david. >> we're off to a warm and muggy start across the region. it's going to get hot later. take a look at the high. 92 degrees. that's well above the average high of 86. same thing for tonight, muggy air in place but we are looking at a improvement, well, toward the end of the week hopefully. there's a lot of stuff happening between now and then, though. i'll be back with your airport forecast and also your daypart forecast. we'll let you know how you're going [ michael strahan ] i'm michael strahan, and i love new york. there's no place like it in the world. my favorite thing is the excitement of the outdoors. like rock climbing in the catskills, rafting in the adirondacks, surfing on long island, or getting your heart racing at watkins glen international. come discover your favorite part of new york. plan your summer vacation at iloveny.com there's something for everyone. at iloveny.co

general motors is a great company. we want to do right by those who are innocent victims in general motors has been extremely helpful. i've had a very important not to limit our input from just general motors. i'm into various plaintiffs lawyers around the country and asked them what they thought about some of the features of the protocol and of course the center for auto safety in washington. i miss a general motors said no time -- they signed onto it and you'll have to ask them what they like and don't like about it. they didn't sign off and approved to pay the freight on this. healthy debate, very open, transparent discussion and i give general motors a lot of credit for participating in this way. no cash on the aggregate amount of money. i have found when there is an aggregate cap, inevitably a claim that will save you were giving ms because you have to save more to pay somebody else. it is human nature. with no aggregate cap, i can tell every claimant, you don't have to worry about the somebody else is getting. th

and that is a challenge because people out there, how independent can he be if he is paid by general motorsi think the answer to that can only be and how fast we get the money out. how generous the program is. >> ken feinberg. happy fourth of july. when 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 covera

. >> coming up on abc 7 news at 5:00 why general motors' c.e.o. will not meet with crash victim's family members when she visits capitol again. >> fell behind the trash can. >> how a game of hide and seek with a furry friend is the perfect prescription for young cancer patients. today's therapist hero just ahead. >> new tonight at 6:00. marijuana laws change in d.c. in just a matter of a few hours. sam ford will walk through what the law does and does not mean. coming up, new tonight on abc 7 news at 6:00. >> medicine comes in many different forms. for children undergoing cancer treatment at johns hopkins treatment center that medicine can]n be soft and cuddly. it's called "pet therapy" and these canine companions are bringing comfort not only to the young patients, but their parents, siblings and even the hospital staff. and that makes the pet program today's harris' hero. >> at johns hopkins children's center it's not uncommon to see kids playing red light green light with their special friend lewis and his owner amy wornaky. he's a 4-year-old c

i have sole discretion under this program, agreed to by general motors. once i make a final determination as to eligibility or value, gm cannot second guess it. gm must honor my decision. >> brown: do you have... do you know how many claims there will be, how many victims? do you have any idea? >>ly not speculate. until people file and demonstrate what it is that they're alleging, i'm extremely reluctant to speculate about deaths or catastrophic injuries like paraplegics or brain injuries. we'll have to take a look at each file. >> >> brown: one issue it seems as though you batted away quickly is this contributory negligence. that's whether a person, for example, was drinking when this happened. >> that's right. >> brown: you're taking out as factor? >> absolutely irrelevant, drinking, speaking, texting on a cell phone and not paying attention, contributory negligence. a big issue in the courtroom. here under this fund we have no interest in looking at that... >> brown: why? >> this is a program designed to compensate victims with an automobile defect the

and finally, families of the victims affected by general motors faulty ignition switches can begin submitting their claims for compensation on friday. >>> more than a quarter of consumers are leasing cars instead of buying them. about 26% last year according to edmonds.com, that rose 28% in just the first quarter of 2014. so is leasing or buying right for you? personal finance correspondent sharon epperson is in the driver's seat for you. it's a big question. >> it is. buying a car is usually the second largest purchase a consumer makes after buying a home so it's important to know

. >> no fix for general motor.euters reports the car maker has ordered] dealers to stop selling models because it doesn't are a fix for a faulty ignition key. another recall in late june. this year, general motor recalled nearly 15 million vehicles. during a hearing on it this week on capital hill, senators and gm executives clashed over the road ahead. randall pinkston has the story. >> i now live a life of chronic pain and limitedabilities. >> before the latest senate hearing, the trail of tears from gm's faulty ignicians took center stage. survivors and families of victims describing injuries and deaths when cobalts and other gm cards lost hours and airbags failed to deploy. >> he has to live the rest of his life bound to a wheelchair. after nine months of his childhood were stolen due to him being hospitalized, i often ask myself: why? >> robert buzzard blamed gm for not revealing to customers or federal regulators fatal problems with ignition switches. >> opinion echoed by the senate commerce subcommittee hold

welcome to the now our lead story today perseverance by way of general motors now like the beleaguered city of the american car manufacturer is based in general motors just can't seem to catch a break yet they keep on trucking pun intended now only twenty four hours after g.m. announced its latest and massive vehicle recall on monday the company reported a june sales increase of one percent compared to a year ago beating analyst estimates for a six point three percent decline all as its vehicle recalls rose to record levels in the u.s. now the automaker has recalled more than twenty five million vehicles already this year and mind you we still have six more months to go in two thousand and fourteen but the problems have apparently not repeat not kept customers away from g.m. showrooms now g.m. has been struggling for months with a series of recalls and revelations that for more than a decade it failed to disclose an ignition switch defect now the company has linked at least thirteen deaths to that ignition switch defect problem and it seems like the company's vigilance to root out safe

. >>> the safety crisis at general motors is widening. tonight it announced the recall of another 8 million vehicles. the latest recall involves compact and midsized cars dating back to 1997. the problem again, faulty ignition switches which can cut off power. gm now acknowledges 16 deaths from 61 crashes related to that problem. >> most people out there think that general motors is doing all they can and taking all the precautions they can in order to prevent the safety issues in the future. but the company is taking a big hit to the bottom line. they must correct these problems. further recalls down the road will certainly affect general motors' future. >> the number of cars recalled by gm this year was grown to 29 million. gm shares closed down less than 1% today at 36.30. the rest of the market was mixed. dow down 25, nasdaq up 10. >>> if congress won't do it, president obama says he will fix immigration on his own. today he said he will use executive powers to do what he can now. >> our country and economy would be stronger today if

first up you can't hold a good city down or apparently a mediocre car manufacturer general motors has surprisingly robust sales in june despite record breaking recalls we look into how and why in today's headline story and professor derren us in mobile who is on the show as well darren is an expert in understanding how political and economic institutions can lead to economic success and we're getting his take on former treasury secretary the secretary timothy geithner's point of view you got it and in today's big deal edward harris and i are talking about the end will be i asked report and what it says about our current post crisis monetary policy experiment it all starts right. now our lead story today a personal appearance by way of general motors now like the beleaguered city the american car manufacturer is based in general motors just can't seem to catch a break yet they keep on trucking pun intended now only twenty four hours after g.m. announced its latest and massive vehicle recall on monday the company reported a june sales increase of one percent compared to a year ago beati

six of them were associated with general motors. the e-mail related to changes that were taking place. most of the changes you are talking about were in the circuit board and we sought out the individuals who are at best we could tell, we don't know that all of them were we thought they were on that i am side. none of them had -- strike that. individuals we talked to said this meant nothing to him about the change in the detailed switch. it was focused on the issue of the electrical issues that were involved here. the best we can tell from our permission we were not able to reach all of them. they were long retired and we could not find it that they were not involved in the process of stalls airbag deployment or stalls in particular at all. >> this is just an issue that the people that were copied had no understanding of the significance of that informati information? >> exactly. short and sweet but i will get you the details. it's relatively complicated the best answer. >> thank you very much. senator klobuchar. >> thank you very m

. >>> general motors recalling another 8 million of the vehicles. this one involves compact and midsized cars dating back to 1997. the problem a familiar one, that faulty ignition switches that can cut off power to the car. gm acknowledges 16 deaths from 61 crashes all related to that problem. >> most people out there think general motors is doing all they can and taking all the precautions they can in order to prevent these safety issues in the future. however, the company is taking a big hit to the bottom line. they must correct these problems. further recalls down the road will certainly affect general motors' future. >> number of car recalls now by gm this year stands at 29 million. >>> well, it could be the only chance you will ever get to have your own scud missile launcher or jumbo sherman tank. by the way, who does not want one of those, right? the. >> i don't know. >> lawrence is hazing his hand. kpix 5's mike sugerman says that a bay area man has collected quite the arsenal and it's all going up for auction. >>> reporter: you're walking ar

beleaguered city of the american car manufacturer is based in general motors just can't seem. to catch a break yet they keep on trucking ton intended now only twenty four hours after g.m. announced its latest and massive vehicle recall on monday the company reported a june sales increase of one percent compared to a year ago beating analyst estimates for a six point three percent decline.

gerri you're taking a look at general motors. surprisingly those recalls didn't put a dent in gm's auto sales last month. gerri: a big shocker that surprised people even inside the industry. we'll have details. liz and dave, thanks. also coming up on the show, a new budget airline is threatening a price war with cheap flights across the atlantic. the price? more than 50% off current fares. interest rate on student loans going up today. parents and students could be in for a nasty rate hike. for all the procrastinators out there, there is still lime to book last mine july 4th travel deals. "the willis report" where the consumer is our business starts right now. but first if you're hitting the road for the 4th of july, chances are you will be driving a car that has been recalled for sharing the road with one. the sales are still strong at gm and other automakers so what gives? to find out we're turning to an expert, carl brower from kelley blue book. he joins us from irvine, california. welcome back to the show, carl. i was looking