gm filed this updated timeline with federal investigators. 2004, gm became ware of at least one incident involving a chevy cobalt. an inquiry was opened but after consideration was open but the lead time required cost effectiveness and solutions, it was closed. 2005, new field reports regarding power. a service bulletin was issued to dealers in case customers complained saying there's a potential for drivers to inadvertently turn off the ignition. it occurs if the driver is short or they have a heavy key chain. no recall was issued. 2007, a gm engineer began an investigation. new incidents of air bags not deploying were discovered. 2010 gm discontinued production of the cobalt. >> this is going to go down as one of the top ten worst defects/recalls ever because it was covered up. >> reporter: last week when we asked gm why the recall did not include tuesday's additional models, we were told we have no confirmed incidents of frontal air bag conditions under these conditions with the cobalt/g5 recall. now gm says the process employed to examine this phenomenon was not as robust as it shoul

to be civil and criminal penalties looked at with gm. they knew about this problem for almost a decade. at least 13 people are dead. probably more. and yet it wasn't until the lags two weeks that they revealed the existence of this defect to the federal government. their obligation is to reveal a safety related defect within five days under the tread act. this was almost a decade. so there needs to be investigation of both civil and criminal penalties against gm. gerri: lauren, do you, do you see investigations probes coming? what happens next? really what happens for consumers? that is what i really care about? let's get this darn thing fixed. >> from a marketing pr perrpective gm will have to deal with what a lot of other manufacturers to deal with. it will take a long time for people impacted or people that own these vehicles to get over maybe distrust of general motors. that is kind of sad because they have some great product on the market right now. but the fact is, a manufacturer produced a part. maybe to spec, maybe not to spec. w

back to gm to get the word back. was it -- >> well, everything i read didn't look like they knew about it. which means they didn't disclose it. nobody complained about it. sometimes they read about them and opens an investigation. neil: how does it start, secretary. let say there are a series of incidents or accidents short of the people involved or their loved ones getting in touch of them or their lawyer. that's about the only way they're going find out if the company isn't saying anything; right? >> that's right. somebody has to file a complaint. somebody has to go online. somebody has to called line and say my car is not working right. my ignition is not working properly. how does the toyota stuff get to you? >> it really came as a result of the accident in san diego where three people were killed. and that's when we opened the investigation. neil: and that we had tape and that made it more powerful. >> that's right. we did a second investigation where they didn't disclose information. we fined them again. it cam

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the gm holden and secure steady in the shop and bought the capital of foxton up a fight. ishmael appeal kiddos to me. muscle inside the chief of gm cotton pockets done to lift restrictions on the groups despite a ban on the goal of the gm that is to bust thousands of its guidance to the end of the shooting guard and generate eighty six but the meeting was held. aisha who has been ideal for saturday s now it's set to be reactivated the in it but to step up attacks against india as i was a nice bike in good government in exchange for passengers often ended in the sky in the eye. it was also commissioned the attack and said that the tot lot theses of the dash lights came on the congregation of most things computed in the body she kept up on sunday with the triple blow peace unity and steady hundreds of thousands of muslims. the deal. the banks of the tongue and in the outskirts of captain awful pain. not just islamic congregation often hides the two began on friday ended with him not to sign their names on sunday. he just buy them on the nines and then it happened that the c

gm, in the past, has immediately awarded long-term compensation to prior gm executives.k at this, he immediately got $2 million when he was hired as ceo and long-term pay. so did the interim ceo. executive compensation, what is the secret about the new long-term pay? they all the squirm under his -- companies must not or are prohibited from announcing or discussing. this is an ongoing story. what remains to be seen is gm raises it. back to you guys. connell: more to come on that. dagen: at the popular app, the game flappy bird just got its wings clipped. why the developer walked away. connell: after a big weekend, the united states right in the middle. remember picabo street? she will join us coming up. we will talk about what is next. ♪ we asked people a question, how much money do you think you'll need when you retire? then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. woman ] got me to 70 years old. i'm going have to rethink this thing. it's hard to imagin how much we'll need for a retireme

how does that make you want to trade gm? this could be the biggest recall of all time and make toyota look small. >> obviously this is unfortunate from risk/reward standpoint you want to use opportunities to buy into uptrending stock on pull back. gm had a pullback even before this. after this record run it backed off. you're looking at this auto company with discount. the fundamentals are very solid. they have obviously ttrned the corner. this is situation you could take advantage of to get long for the long term. i trade long term options use them as stock sub station strategy. instead of shares by in the money calls that behave like the stock and buy and hold strategy to be there when this recovers. there is more upside potential than downside with continued events pushed the stock price down, with support to lean on. melissa: i don't know, you're brave. alan, thank you so much. >> limited risk with options. melissa: that's a good point. up next, fighting google glass. an illinois lawmaker pushing to band it behind the wh

for years gm got away with what look like murder.hirty-five dollars for it is missing a problem that could have killed her teen people. former national transportation safety had it that this is an only tragic but it's criminal. and no one ever intends to kill people. that's never the intent. the clearly dragging its feet and addressing something that clearly was raises some culpability issues here. >> oh, absolutely. gm delayed for almost 10 years and doing it recall. it's hard to believe that they could do this for that long because they were in conversation with the national highway traffic safety and ration. way back in 2007 when the agency brought to their attention the debt that was caused by a failure of the syrian breaks and then even from 2007 to 2014, general motors did not. neil: it's always easy in some ways, this is 10 years after that. and tenures which we were getting more indications from gm engineers. do you have any way to explain the difference in treatment that gm is getting now versus what toyota instantly got? >>

in charge of gm.y hired him from cargile group. cargile is a private equity. >> he said he left over $100 million on the table. >> over $100 million on the table. and he had been a ceo previously. this is the price of loyalty. when you're in a company that long -- >> you don't get paid as much -- >> and by the way, he's getting paid as a consultant right now, which is more than her total package. >> his price, his pay as a senior adviser to gm now is higher, but he is an interim adviser, he's being paid on a pro rated basis. we really don't know -- >> there's no -- basis -- >> there are two stories here. the first is just an issue aside from this particular case, which is that -- [ all talking at once ] >> give me one second. women do get paid less just in a general sense. >> that's a misleading statistic. >> there are some things involved in it -- i'm saying in general, that's not even in cases or some cases where women and men do the same work, that's where it becomes a moral issue, it's a huge prob

this is an anchor that gm is pulling down the road. >> it's not just gm. hits exports. the reason bmw, volkswagen and merced mercedes, the classic german producers, they do a lot of business outside of europe. they ship vehicles that are north american produced in low dollars, shipping them into europe and the high eurozone and capture the margins. whereas general motors, europe and ford europe do not export cars out of europe. they're stuck in europe, just exactly the way -- is. for the straight european producers, it's not a profitable market right now. it won't be for quite some time. >> will it be again? >> i think so but you just have to wait for capacity to be boiled out of the system. that's hard in europe because with all of the social legislation, it's very, very hard to close plants and lay off workers but ultimately, it will get done. people will take the write-offs for the plant. >> don't you have more automakers in europe than you do here? fiat, scoda. >> volkswagen, lamborghini, it's all one company. >> but for the consumer choice. i hear you

the president of gm apologizing for not doing enough after recall. bisi onile-ere is in detroit for us with the latest. >> you general motors issued a public apology. and there is criticism for not responding to this issue sooner. 13 dead. it's the number of deaths now linked to general motors' faulty ignition recall. the number has risen in the past two weeks and the recall has expanded to 1.6 million vehicles. amid criticism the automaker issued a rare public apology. gm north america president alan beattie reads is a statement in part, we are sorry and we're working to address this issue as quickly as we can. jeff shuster with lmc. >> i think when gm is assessing the situation now they have a new management lead i think this is an important test for the new jeep to deal with this and move forward. >> one man die--one woman died e driving one of the vehicles that was recalled by gm. her family received a settlement. >> they want justice for their daughter, but they want this to never happen to another family again. >> reporter: the recall list now

owned 60% of gm.imiting dan akerson's pay when he was getting nine million bucks a year. ashley: if she asked for a lot more money when she took the job? >> that is an interesting question. that is something shareholders ought to ask when her pay is put to a vote to shareholders this coming june. the story that is now trending online, read it on our website. also on the fox news website as well. tracy: you're awesome, lizzie. before we let you go, do you think this has something to do with her first time on the job and they will wait and see -- >> it is an interesting question. dan ackerson had no experience as a ceo of a global automaker or any automaker. she had 33 years experience at gm. tracy: maybe what has happened they have to be, i don't know. >> you know, she is not making 77%. she is now making 48%, less than half. ashley: she would like to make 77%. tracy: lizzie mack, stay on the story. >> sure. tracy: super bowl xlviii wasn't the made-for-tv football game that fans were hoping for but wha

. >> i want to ask you about gm. it's doubling down on a recall they issued earlier this month after the company became aware of an ignition switch defect. the total amount of cars under recall comes to 1.4 million. earlier this month they recalled 6,000 vehicles including chevy cobalt models. now the recall has been expanded. gm is aware of 13 deaths from issues related to this recall. explain the impact of this. >> this is clearly a very large recall here. and there are some issues because it relates to potential fatalities. so we'll just have to watch that element of the story here. you know what, right now the market is giving gm the benefit of the doubt here. the new ceo, she's a new broom. many of these issues won't relate to her time at the company. the stock is up over 30% on a 12-year story. even the results in early february were like, could have done better for the quarter, the market at the moment is not punishing gm stock too badly on this. but it is a slow burner story we'll have to watch just to see wh

. >>> next up, gm.he automaker doubling the number of vehicles affected by its faulty emission recalls, that the company could face a federal fine if the ntsb says gm failed to issue the recall in a timely fashion. this may not be the only problem that gm faces. it's facing competition from ford, and the pickup trucks and ram. >> if you look at the potential fine, that's not -- it's $35 million for a company that made $6.8 billion. when you look at what's going on in terms of the revenues, the margins, they set this so low. this was my final trade last night. 35 bucks, i think is well supported. 36 and change is where we are at. it's on the moving day. it's 2.7 times, in 2014. it's trading eight-times earnings. valuation-wise, there's wiggle room for a company that's improving on the margins. and that's the upside for '14. i think they're going to give basis points of improvement. the european stuffer is where you have to get past. there's an opel recall, as well. >> would you rather ford? >> that's a t

treasury was restricting gm's executive pay because gm got that massive $49.5 billion bailout, gretcheno you. >> yep, we all remember that. liz mcdonald, thanks so much. >> sure. >>> well, the president of france set to arrive at andrews air force base for a state visit with president obama. the two leaders will be sharing some quality time together after sharing an op-ed in today's "washington post" outlining their common points of interest. critics are wondering if the u.s. is becoming, well, too much like france. simon rosenberg is back, filling in for ron williams, who's in traffic. simon, of course, the president and founder of the new democrat network. thanks for stepping in. howard kurtz is the host of "media bust." all right. howard, let me ask you about this. we have hollande and obama together. people are saying, wow, you know, i remember just ten years ago when we were talking about freedom fries and america didn't really like france all that much. are these two guys really that similar, and is there anything for americans to be worried about? >> the u.s. is nothing like fran

watching shares of gm.revealed a new stake in the automaker more than a million shares. just filed the quarterly filing and we learned that jana partners upped its stake in gm. they're up more than 1% today. a couple of big names getting in on the gm action. scott, back over to you. >> do you want another big name getting in or adding? >> yes. >> stephanie link. >> stephanie link, i like it. >> yeah, it's been painful because we started buying this in the '40s but i do like this story very much. i think it's a restructuring play. i think it's a balance sheet improvement play. they already raised the dividend or reinitiated the dividend. larger than expected. that all got kind of ignored, if you will, because the company has lowered guidance and so has ford. the sales number, some is weather related but the restructuring story a longer term play and i like the new ceo. >> are you concerned about the fact that they have elevated so much and a lot of people are saying the fact that the -- ford and gm specifica

on tuesday gm doubled the number of cars it was recalling for ignition problems. issue, which first surfaced about a decade ago, has been tied to 13 deaths. the national highway traffic safety administration can fine gm as much as $35 million. >>> asian markets finished mostly higher on better than expected new home sales in the u.s. hong kong's hang seng added more than 1.5%. tokyo's nikkei lost half a percent. >>> here on wall street, investors are waiting to see what the new fed chair janet yellen says when she testifies before the senate banking committee today. the dow jones finished 18 points higher yesterday. the nasdaq was up 4 points. marvel comics will film a live action series in new york that will be streamed on netflix. new york governor andrew cuomo announced the deal. the project will in involve four of marvel's characters including daredevils and start filming in the summer. this is the largest film or television production project or commitment in new york's history. >>> and, anne-marie, remember the s.a.t., that dreaded college exam? you took the

i think those are reasons that you buy gm at 35.have to look at here, doc, is that coming into this year, gm was an extremely overowned name. a lot of -- most big funds out there loved this name. now after you got this quarter today i think you may see a lot of big funds questioning all these restructuring charges that are going to be coming up. north america for gm was great. we kind of knew that. however, the international operations, they're nowhere near where they need to be. the restructuring costs, if management slips up here a little bit and those restructuring costs end up even a little bit higher,ic you can see a lot of people heading for the exit signs. stocks trade back down toward 30. >> you're right about international if international is europe. asia was good. i like general motors at 35 like i say, murph, i just didn't like it up at 42 and i think pete was on the bear case up at that level. >> i'll take the other side on asia. i think the asia operations might be the biggest problem for these guys because they're spen

ten county and between gm into a nightmare china's pension system is undergoing re forms. even if lee who paid about seven thousand dollars in total pension contributions or benefits would come to only about eighty dollars a month from eight sixty. that's equal to what she earns in just three days as a housekeeper. liu has no choice but to earn a no for her retirement old twenty

phil lebeau speaking with gm's chief financial officer.ng higher, what's going on? >> part of the conference call with ceos and when you look what they said on the conference call no panic. no, hey, things are collapsing around us. it was more a case of we know we had issues in the fourth quarter and believe that the 2014 will be even better. keep in mind, gm eps for the fourth quarter, 21 cents below estimates, blaming that on a higher tax rate and cost of restructuring in europe. fourth quarter revenue, by the way, fell short of estimates. why are some on wall street still bullish about gm after the earnings report? first, a number are saying, the headline miss was overblown. also, when you look at losses in europe, they're down more than 50% in the fourth quarter and for all of 2013. and north america, the profits are surging. here's what mary bara had to say to analysts when asked during the conference call if she plans to tweak or change the direction of gm. >> there's no right or left turn. i think a real opportunity is to accelerate

why are the gm and the owner there so concerned. the kings with a 10-0 run went for 26. the warriors come back in the fourth. green with authority. warriors win it 101-92. college ball and cal hosting ucla and the bears had no answer for that man, jordan adams. cal with the steal. a breakaway jam, but this game was pretty much all bruins. the contact and scoops it in. he had 28 points and five steals as the bruins strut in

gms are people that like to effect a personae of being tough guys. here they are, sounding weak and very scared. they sounded completely incapable of confronting the realities of the 20th century. dante said "if having a gay player is a distraction to the team, it means you have a loser of a team", the n.f.l. season is made up of distractions. >> michael sam said he told his team-mates in august. and they were supportive. >> hopefully players will not judge me because i'm gay. they see that this person worked hard. i cap, it's a workplace. he played the season. his team-mates had no problem supporting him. he had no problems keeping his secret. if college players do it. why can't n.f.l. players do it. >> that's the thing, if this is a distraction that michael sam would be. we should welcome the draction. they had a fen om knoll season. when you look at the distractions that the n.f.l. dealt with, mike vick, riley cooper or tim tooebo, eric hernandez, there has been so many other things dealt with, and somehow the league is still going. why will a gay

gm says it will work with suppliers alcoa and novelis. a company once closely tied to the automotive sector is moving in a new direction. garmin -- known for gps -- posted a 27% earnings increase as the company builds up business with aviation and fitness to offset a decline of use in cars. the stock headed due north by nearly 10% yesterday even as garmin warned-- more people using gps on smartphones and tablets. kellogg company is caving to pressure from environmental agencies - and vowing to buy only environmentally-friendly palm oil. kellogg will buy palm oil only from suppliers that comply with environmental laws protecting rainforests. palm oil cultivation has destroyed more than 30 thousand miles of rainforest in indonesia and malaysia alone. it is a minor ingredient in some processed foods. nestle is recalling some flavors of hot pockets. "philly steak and cheese" and "croissant crust philly steak and cheese" brands are being pulled from store shelves the products may contain us-da recalled meat from the "rancho feeding corporation

or gm you think is ready to go. why do you like gm right now? >> the baseball analogy is when you have things moving along you have to look for fat pitches. fat pitches is something you kept eye on and come in the right spot where you want it. the business to buy them lower and sell them higher. general motors is 42, 423. just come down mid to low 30s. that company at least by metrics about as cheap as it has been long time. not as cheap as last year and it right here i think you have a grate spot to enter that particular position. as your other guest mentioned, there is soft spot in the weather due economy due to weather and everything else goiig on. cash on balance sheet. activist investors done filing. i think right here is really good spot to enter the stock. sandra: jim, what are your top picks here. >> definitely casting overseas into europe. we have saw italy its first quarter of expansion in two years. portugal third consecutive quarter of expansion. the overall zone in tentative growth mode. you don't want to get into europe when everyb

also, keep in mind, gm will close a plant in germany this year. they still have restructuring costs but expect to see the benefits of that closure, the job reductions. they expect that to kick in and that's why when you look at shares of gm today, a lot of people are saying, okay. maybe the headline was overblown in terms of people selling it off. >> phil, didn't mean to jump in we have breaking news. headline? >> our own kate kelly at the courthouse in new york. again, we reached a verdict in the case, the insider trading trial against former sac capital trader matthew martoma. remember, he are awaiting that decision to come down. those details. remember, three counts in this particular trial. one, conspiracy toy commit securities fraud. two, securities fraud involving elon stock and count three, securities fraud involving wyatt stock as well. those three counts, those charges. they've reached a verdict. the jury has. details as they become available. for right now, matthew march tomarch -- martoma. jury reached a verdict. three counts. those dec

gm declined to comment last week telling cbs the incident rate was low with no growing trend. six people were killed in crashes related to the problems. >>> stocks soared here on wall street yesterday, dow up 93, the nasdaq up 30 erasing wednesday losses. >>> there is a new crop of young farmers in the agriculture industry according to a new government survey. there's been a boost in the number of 25 to 34-year-olds going into the industry thanks in part to more interest in locally grown food. however, the total number of u.s. farms is declining even though the value of crops has gone up. >>> and the toymaker is telling people to stop using a teething toy because of a possible choking hazard. infantino is recalling 100,000 of its toys. the manufacturer says one of its parts can choke children. the toyses were available at target from late 2012 to early 2014. that's your cbsmoneywatch report. for more, follow me on twitter at #jillwagnercbs. at the new york stock exchange, i'm jill wagner. >>> team usa and canada put a bet on today's olympic ice hockey. it involves justin biebe

gm recalling now nearly 780,000 cars because a faulty ignition switch shuts down the engine when jarred. the models are chevy co-balls, pontiac g5s, and they were made between 2005 and 2007. gm says in all cases the problem happened when the cars were driven at high speeds off-road and weren't made for that. >>> well, with the long holiday weekend you should have plenty of time to check out what's new at the box office. >> "robocop" is a remake of the 1980s classic, but with a new plot and a new robo suit. also "about last night" is another '80s remake set in l.a. instead of chicago and with an all black cast. neither one is expected to outgross last weekend's smash hit, though, of course, "the lego movie. " >>> social media was abuzz overnight about "house of cards." netflix started streaming season two of its popular political drama at 3:01 a.m. eastern, and it seems fans wasted no time. by 3:15 #houseofcards was trending on twitter, and i've been seeing people talking about it all over social media too. a lot of people excited. >> no doubt. >>> if money is no object two enormous luxu

to say this is only the beginning that in the future to be much easier to approve other gm crops they say threatens fetuses in nineteen twenty eight eu member states voted against approving genetically modified maize. under the eu has weighed into the system the minority of countries was enough to endorse the match in germany and stand infuriating some of its eu in all my kids. we are all sufficient size so i am appalled that the european parliament's vote was ignored because we were strongly opposed to genetically modified maize been approved in the european union in all his own one. this is gma is two skeins in a system developed by the americans into punk pioneer. its insect resistant and have assigned taller. while that might be practical for some as environmental activists are concerned about possible long term effects of its cultivation. genetic modification is a twenty billion euro business that promises to increase the yield substantial me advocates say the code and twelve hundred. despite little evidence of health risks sixty percent of europeans could see. now it looks like

. >> you contrast a group of gm's against a 24-year-old college player.of them had the guts to put his name around his message. my reaction has nothing to do with sam but to call the gm's gutless. >> they believe he could be a mid round draft. >>> a event was stopped at the olympics due to a hazard on the tracks. the skiers on the run, i believe i would make a you turn too. a polar bear ends the dream. >>> the wire fox the terrier won best in show. >> that's traveling. >>> derrick hit an one handed shot. number 5 the nhl may be off for the olympics but player for the swedish hockey league made an awesome play. shaw -- shaun white is no longer the king of the halfpipe. he still makes 15 million a year. >> we'll be right back. ,,,,,,,,,,,,,,,, here in philadelphia you can access a philly cheesesteak anytime, day or night. just like you can access geico anytime, day or night. there is only one way to celebrate this unique similarity. witness the cheesesteak shuffle. ♪ cheesesteak, cheesesteak ♪ ♪ it's the cheesesteak shuffle! huh! ♪ ♪ every day, all day, che

the gm says it's not so cut and dry. is the outrage justified? we'll break down the numbers. >>> and that brings us to today's big question, what is the first step in fixing the gender pay gap? weigh in on my facebook and twitter pages. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three types of good bacteria. i should probably take this. live the regular life. phillips'. [ male announcer ] with nearly 7 million investors... oh hey, neill, how are you? [ male announcer ] ...you'd expect us to have a highly skilled call center. kevin, neill holley's on line one. ok, great. [ male announcer ] and we do. it's how edward jones makes sense of investing. [ angelic music plays ] ♪ toaster strudel! best morning ever! [ hans ] warm, flaky, gooey. toaster strudel! [ female announcer ] try new pillsbury heat-n-go mini pancakes. [ female announcer ] try new pillsbury for ovnights can feel califolong and lonely.dren, i miss my sister. i miss my old school. i miss my room. i don't want special treatment. i

right now on "the willis report", gm under fire over recalls. did the company knowingly put consumers in danger? >>> also, more big changes coming to health insurance plans. companies pushing workers on to private exchanges. >>> and how do you do that? the right way to put money in health savings accounts. we're watching out for you on "the willis report." gerri: tonight, flyers under threat. the department of homeland security issuing a new warning of possible terrorist attempts on jetliners coming in from overseas. now officials say terrorists could be hiding explosives in tt first raised by the shoe-bomber richard reid right after the 9/11 attacks. now this is the second government warning in less than three weeks. travel expert mark murphy, ceo of travel alliance media joins me now with details. welcome back to the show. >> thanks, gerri. gerri: earlier this month we get a warning about liquids from the department of homeland security. >> right. gerri: and now? >> with sochi. gerri: now we get this warning. should be worried? >> people have

leaving colorado should prisoners are being denied the option of labeling their foods as gm free. talk about this and other invites around the country with or that percentage is also talk about the new documentary html. omg it later in the saddle. a fan. it's friday to wearing thirty first tried yet been wanting to be easy and carry a boring watching our tv. we began with the new revelation as travelers passing through canadian airports considering going offline. the doc merely by edward snow and was just released by cbc news in canada chile next hit of the electronic spy agency used information from the free internet service at a major canadian airports to track the wireless devices of thousands of ordinary online passengers per day even after they left the terminal the operation by the qut sin security establishment canada for cnbc it was revealed in the car points and keyed by cbc news. the documents show that the agency collected the data on individuals remain lungs on the internet and international airports in use that information attack the people for over two weeks cybersec

gm january sales also fell 12%.hat was thanks in large part to what they said was the bad weather. of course we had that news earlier this week. >>> all right, let's start with twitter. shares are down sharply. let's see. right here i got 51.26, 51.34 bid despite posting better-than-expected fourth quarter results in its first financial report as a company. concerns about the user growth is weighing on the stock. twitter said it averaged 241 million monthly users in the fourth quarter below street forecasts. on last night's earnings call the ceo acknowledged the need for twitter to improve the user experience but added he is optimistic that user growth will improve. >> we believe that the cumulative effect of the changes we make over the course of the year along exactly the kinds of dimensions i talked about will result in changing the slope of the growth curve. we have every confidence that that will happen. >> jim, it's funny. we talked to costolo right here, day one, of course, of it being a public company and i

gm motors is in the hot seat.ors want to know why the largest automaker what took years to recall 1.6 million cars that have been linked to 13 deaths. >> if your key chain was too heavy, or bounce the wrong way after you hit a speed bump, it was switched off. that is incredibly dangerous because you lose your power steering, power brakes, and more importantly, your air back. general motors identified this problem, the old gm, in 2004. it is 10 years later that they started to recall some of these cars. they issued a service bulletin in the middle of the last decade, which is sort of one step below a recall. they fixed something like 700 cars. a couple of pontiacs, a couple of saturns, a chevy cobalt -- those two brands, pontiac and saturn, don't even exist anymore. >> what are we talking about here? >> $35 million is the most the national highway safety administration is allowed to fine. >> would it really hit $35 million? >> the most has been $17 million. this is a company that makes almost $7 billion per year. >

. >> you contrast a group of gm's against a 24-year-old college player. only one of them had the guts to put his name around his message. my reaction has nothing to do with sam but to call the gm's gutless. >> they believe he could be a mid round draft. >>> a event was stopped at the olympics due to a hazard on the tracks. the skiers on the run, i believe i would make a you turn too. a polar bear ends the dream. >>> the wire fox the terrier won best in show. >> that's traveling. >>> derrick hit an one handed shot. number 5 the nhl may be off for the olympics but player for the swedish hockey league made an awesome play. shaw -- shaun white is no longer the king of the ,, for over 60,000 california foster children, nights can feel long and lonely. i miss my sister. i miss my old school. i miss my room. i don't want special treatment. i just wanna feel normal. to help, sleep train is collecting pajamas for foster children, big and small. bring your gift to any sleep train, and help make a foster child's night a little cozier. not everyone can be a foster pa

gm just announced that recall a week ago. vehicles with faulty ignition switches are at risk for shutting off unexpectedly. gm now admits six people have died in crashes related to the problem. >>> tesla motors ceo musk was making news again this week. our partners at usa today report he laid out plans to make electric car batteries. the plant is going to be so big, he is calling it the gig ga factory. >>> coming up, more snow? please say it isn't so. howard is up next with the forecast. >> reporter: a little bit of snow heading our way tomorrow night. a wintry week, temperaturewise. temperatures back in the 30s, midday temperatures in the 30s and low 40s in most spots. 39 in bowie. back with jake and i have been best friends for years. one of our favorite things to do is going to the dog park together. sometimes my copd makes it hard to breathe. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with

. >>> gm says it wants to build lighter trucks.he company is now working on an aluminum-body pickup. gshs -- gm facing requirements for better fuel efficiency. >>> more than 40 million americans are saddled be set from student loans. >> if you want to succeed and get the american dream that i came here for, for you to get, go to college. >> reporter: that's what 30-year-old east father instilled in here since the age of eight when the family fled the chaos of a collapsing soviet union. she went on to earn a bachelor's in journalism and a master's in international relations, only to graduate into a recession-racked a economy, jobless and overwhelmed in $80,000 in student loans. >> i just ignored it >> reporter: only when she landed a dream job was she ready to face the debt realization. she moved back in with her parents started cocktail waitressing for extra cash, and set an ambitious goal, slash it in half by her 30th birthday. >> it became a game to me. >> reporter: a game she is winning by throwing every penny she has earned at

they fined gm as much as $30 million. it has been reported gm knew about the problem a decade ago. they must note guy t-- notify te government within 5 days of a defect and gm says they are cooperating with the probe. >> the new american has dropped bereavement fairs. not many offer discounts to passengers travelling because of a family member's death. united gives 5 percent off. delta says it is flexible. jetblue and airtran doesn't offer bereavement fairs. >> you have the diet coke cherry slurps. in may the name changes to diet coke cherry frost. you can buy it in other convenience stores as well. >> it is 11 minutes after the top of the hour. a man picking up his great grandson from school takes the wrong child home. what's worse? wh wait until you hear what the school told him to do. >> one state wants to send couples to school before they go. >> you are ably represented. i am sure freddie is too modest. s make a sound? ohhh...ugh. geico. little help here. i need>>that's my geico digital insurance id card - gots all my pertinents on it and such. works for me. turn to the camera

you look at gm down another percent today. i have joe the executive editor of cars.com with me.en we look at incentives, look at them on the board, they're incentivizing these vehicles more than they're making on them. how can they do that. >> probably incentivizing close to what they're making on them. it is unfortunate. partly because sales are down because of winter. especially of pickup trucks because home building has been curtailed for the same reason. it is unfortunate especially for gm because they have a brand new chevy silverado and gmc sierra. >> this ram, we're testing is an old truck. the f-150 is an old truck. the competition they should be winning this big and they're not right now. >> really bad timing for them. as you said the ford f-150 is being redesigned for 2015. for them to have incentives on the f-150 is not a big deal. >> only positive, liz and david. the average transaction price of the silverado and gmc right now, take a look at numbers. better stop before i get it stuck again, look at average transaction prices, still plus 40 grand which is a positive.

but gm is a buy right here.hat's why stephanie lincoln, my coportfolio manager of action alerts plus.com bought gm and so should you. marilyn in michigan? >> caller: booyah, jim. this is marilyn calling from michigan. how are you? >> good. >> caller: what happened to viva? >> people didn't like that quarter. i didn't mind the quarter. the software is a service for health care and i think it's terrific. by the way, speaking of health care, congratulations to mr. bush for afina health that delivered another terrific quarter. tim in texas? >> caller: thanks for taking my call. seaworld, can they continue with the 10% dividend and where do you see them going? >> i think it's fine. but esv, do we get back in, that yields six, their rates are coming down. that means that everyone is worried about the dividend. understand i think the dividend is safe, but that group is in harm's way. that, ladies and gentlemen, is the conclusion of the lightning round. [ buzzer ] >> announcer: the lightning round is sponsored by td ame

i bought it. >> gm or ford, given this quarter? >> i have to buy them?'ll go with gm. >> you sound like you don't want to buy them. >> i don't want to buy either of them. we peaked out in car sales about 15.5 million. to me, that's priced into both of these stocks. this would be the wet blanket on a cold day. >> next up, sony announcing its cutting 5,000 jobs, selling its personal computer business and splitting off tv operations. >> this is one that activism was involved in. they're going to excel the viao unit. they're splitting up the tv division. it seems like a mess over there. i'll bet you a guy like dan lobe can have better success than whoever is running the place right now. to me, the stock made almost ten-month lows right now. it's probably pretty close. this should embolden investors. >> coca-cola seeing a nice bounce after announcing its new 10% stake in green mountain coffee last night. could coke be the trade out of this news? >> it's not the trade for tomorrow. but first of all, it was a trade before yesterday because if you look at where

on januaryover gm 15. on better sales in north america to offset restructuring costs overseas. the chevy silverado and and policy then have been big sellers in the united states. we're a few minutes away from the opening bell. keep it here on "in the loop." ♪ >> welcome back. i am betty liu. minutes past the hour. bloomberg television is on the markets. scarlet fu has the latest on futures right before the bell. ooh, that music. >> futures are pointing to a higher open. jobless claims show their first drop in three weeks. the emerging markets indexes higher, ending a three-day losing streak. the european central bank left interest rates unchanged. you are seeing the euro strengthened. increased.s areds on the 10-year bonds increasing. we are on the markets again in 30 minutes. >> thank you scarlet. these are the only trade you need to know about. julie hyman joins in. number 10, carnival. analysts said earnings may more than double in three years. number nine, boyd gaming. it was upgraded to outperform fro

according to gm, there has been 22 crashes where air bags failed. at least six people died. >> comcast reached a deal to acquire time warner in a $45 billion deal. it will make comcast the largest provider in the u.s. if approved comcast would have control over a third of tv and comcast services in the u.s. >> by any measure comcast's proposed bid to take over time warner cable is huge. there's the $45 million price tag and the reach. by buying the second-largest cable provider, comcast would have 33 million survivors, cementing its place as the country's largest cable company. >> to put it in perspective, when chase bought jpmorgan, it was a 33 million deal. this is a large merger. >> the deal was unexpected and comes after comcast became a major comcast producer by finalising its purchase last year. here is how it stacks up. paid tv providers, comcast is the largest with 22 million subscribers. satellite providers and dish network. what can consumers expect? one analyst covering the cable industry says changes for consumers will not be dramatic. >

. >> here is what gm is says to it the new ceo, applauds mary barra, 33 years of experience at gm, transformedducts for gm. as it stands now, no word on her long-term pay. she's getting now 4.4 million. stuart: a here? >> a year. gm is saying wait until the shareholder meeting in june and proxy and find out about a better pay. in years past former ceo's immediately got long-term term. and dan ackerman, 2 million in long-term pay. cfo's, immediately 2 million in long-term pay. and president cfo, 4 million in long-term pay. why the wait? pay experts say it's baffling and no law that says you have to wait until the shareholder meeting. annualized ackerman, 9 1/2 million. will mary barra get 5 1/2 million to bring her up. many announced long-term pay well ahead of the shareholders meeting. and the narrative at gm is hitting the wall faster than a crash test dummy. stuart: donning nguyen the creator of flappy birds pulled the game said he was tired of being in the spotlight. i don't believe it, i think he's setting up for the next game. >> his tweets are interesting, i'm sick of it, tired of it and

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. >> gm is seeing higher profits ahead. earnings and revenue for the last months of 2013 missed analyst estimates. gm anticipates gains in north america over the next few years. >>> and the o holidays weren't joyce for retailers. many of the cuts were in the retail sector. the stores are slashing jobs because of the weak holiday shopping sales! >> california's drought will affect food prices around the world. the bread basket, selling produce to asia and other companies. as rob reynolds reports, he has our story from fulsom, california. >> the dirt is bone dry in california's central valley. and the fulsom reservoir is nearly empty at 17% capacity. that's bad news for rob, who grows pistachios. >> is this the worst drought that you've ever seen? >> it is. particularly down here. but this is by far the most unusual conditions i've ever experienced >> reporter: california grows more than half of the vegetables and fruits and nuts in the u.s. and is the leading producer of milk and wine. but the drought is forcing some rancher