gm is the one that had it wiped out.hey were bankrupt and i think that's an important point that these companies were a ward of the state for all intents and purposes six years ago. these companies could be thinking about when is the next downturn globally and then we also have this really strong secular shift technologically so if anything i think the moves that are going to be made are going to be very defensive and i think they're probably all not in a great scenario if you think out to what could be worse case scenarios in the next few years. >>> up next, oil surged more than 4% today but energy stocks can't rally. what's up with that? we'll explain when we come right back. here at td ameritrade, they work hard. wow, that was random. random? no it's all about understanding patterns like the mail guy at 3:12 every day or jerry, getting dumped every third tuesday. this happens every third tuesday. we have pattern recognition technology on any chart, plus over 300 customizable studies to help you anticipate potential pr

gm is almost as bad. even the big moves in daimler, bmw, nissan, other europeans, it's all currency. if you take the chart and put it in dollars, there is no move at all. there is nothing here. this is a dead space. i think gm looks as good as ever. >> with that said. >> i would say the range of gm this year has been 33 to 39. it's trading at 36. right in the middle probably of the range. i don't find it compelling here. >> this is pretty much the ico part. >> it's basically flatlined since 2010. so if you believe gm, maybe there is a joint venture, maybe there are cost cutting things, you want to be involved, i much prefer looking at volatility, applied volatility "options action" is very low. look out this september with the stock at 36. you can pay $1.50 at the money september 36 calls, break even up about 4%. it's stopping you below what would be that break down level that stocks are hovering above. >> for all the pessimism we were articulating, it is fair to say they are trading quite cheap. if anyth

we asked gm's ceo mary berra. why didn't gm ever reach out to her?if you look at the court documents, there were opportunities where in this specific situation, a series of mistakes were made over a long period of time. that's why we've taken some of the extraordinary steps. >> do you think someone at gm when they saw this happen and there was an internal investigation, reached out to candice anderson? >> poppy, as you look across this we have -- making the right changes with the learnings we had from the report we are working to make sure we are the industry leaders in safety as we move forward. we've taken steps to do the right thing. >> reporter: gm is fixing its defective cars and apologized to victims and their families. >> i am deeply sorry. >> when you come back to the crash site now, being vindicated knowing this wasn't your fault, what do you think? >> the guilt is definitely lifted. but what happened and the tragedy is still there the pain is still real. >> reporter: and nothing will bring michael back. for the past ten years, michael's mot

gm is dealing with this market. are selling a lot of suv's and trucks and that is where the whole market is. it seems like there is a big focus on suv's and trucks. it has been 20 months at light trucks have outsold cars. a lot of people are opting for these kind of vehicles. a lot of suv's are fuel-efficient, but that is were the market is right now. it can change of gas prices dropped. that is something that is happening and that automakers are dealing with. mark: you mentioned 20 straight months of americans shifting away from cars towards suv's. how do you explain that? jessica: i mean, you have a few things. you have suv's getting better fuel efficiency. many that are sold today are smaller compact crossovers. they are basically tall cars with more utility. they are not really the suv positivist we have in our mind from the early 2000's. a lot of consumers see them as more utility. they are not necessarily super pricey, especially the smaller ones. people are making that choice. with gas prices being low, it ha

what is gm's plan for this space. what is the plan when somebody like tesla finally goes into the mass market at some point in 2017. do they have the right, you know, product offering right now? are they able to shift gears fast enough, no pun intended, people. that's really what it comes down to. i think kind of minimizing what they're doing right now, less offerings and focused on the future. that's probably what needs to happen. >> we have some breaking news here out of d.c. >> reporter: hi, melissa. a blockbuster press release from the u.s. attorney's office out of chicago saying the former speaker of the house, dennis haster has been charged with two counts relating to financial improprieties. he's charged with the withdrawal of $952,000 in cash in order to evade the requirement that banks report as cash transactions and lying to the fbi about his withdrawals. the press release goes on to say that in 2010 the former speaker of the house of representatives dennis haster agreed to provide an individual a with $3.5

the question is, will gm pay more. >> gm might top that.lking about the bottom line and the financial hit to them. they're talking about criminal charges against a corporation. how is that possible? what does that mean? >> you can't put a corporation in pris son the idea of a criminal prosecution against a corporation is a bit of a legal fiction. however, what it really means is that the department of justice goes to a corporation and says, listen, unless you want us to prosecute you publicly pay us a lot of money, you can enter into a deferred prosecution agreement, where we will put the prosecution on pause, until we -- unless and until we like what we see which is lots of fines and monitoring. in the past, the doj has allowed corporations to go into these deferred prosecution agreements, but it seems that times are changing. in the last year alone, they have started having these corporations, instead of avoiding prosecution altogether with an agreement, actually plead guilty which can have serious collateral consequences and it appears t

next hour, we'll talk to the president of gm north america about one of gm's most celebrated vehiclesi'll ask him if he's ready to say it's a bust. can you guess what the vehicle is? bet you can. cheryl: jeff flock. gm stock up fractionally. thank you very much. see you next hour. first quarter gdp was disappointing to say the least. and it remains highly unlikely that growth in this country for the year is even going to exceed 3%. will this be enough for the feds to keep interest rates low? what will it mean for american's personal growth? let's bring in peter barnes for that report. peter: hey, cheryl. president obama launched an stimulus program. he said we would end up like japan with a lost decade of growth. you could say that even with the obama stimulus plan and all of the fed's stimulus, it looks like that we're chalking up and apologies to our fox broadcasting cousins an american idled decade. that weak first quarter gdp growth of just 0.2% makes it highly likely that growth for 2015 will once again remain below 3%. a realtime economy tracker from the atlanta federal reserve

a bit like gm you may remember like when gm collapsed. i would take that view today. i'm quite intrigued by the fact that we do not understand anything about the internal politics of greece and the lack of any initiative to prepare the people for a complete change of regime is a bit strange. i would have expected them to prepare for a referendum. it's a bit disappointing on that count. >> let's talk about sector specifics. banks. you are a little concerned about the banking sector is that right? >> i guess like everybody else. we do know that the flat yield curve is not helpful for the banks. we are like other people intrigued by litigation costs. you can recall a number of prosecution agreements for banks have been dropped. it's a case of maybe more substantial litigation costs for banks. that is not a proper background. notwithstanding the fact that we have on top of the issue, we have some type of a yuber iization of the banks. it's not a great trade to be in banks. there is only one positive for banks is dividends will be going up. it may not be enough to support

it was a cover-up by gm." this going to impact your investigation or your review of the claims and what do you make of this lawsuit? ken: that information for my purposes is irrelevant. we are not looking at what happened or why it happened in terms of any potential liability in the part of gm. we are looking at a very factual allegation that the switch itself was the cause of the accident. that is our concern. all of this other discussion that i read about like you do, about allegations of cover, allegations of liability and all of that -- not on my watch. i am simply working with the ts to try and figure out, what, if they are eligible, and two, it a are eligible, what the competition should be. betty: before i let you go, being that you have gone to claims and like you said, some of them are decade old or more, what would you recommend going forward to either gm or other automakers as they issue more recalls? as consumers get calls and worrying -- cars and worry about recalls, what would you recommend to ma

defective gm ignition switches are now blamed for at least 100 deaths. and the first lady's candid reflections on life in the spotlight. >> cable news charmingly referred to me as "obama's baby mama." captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: late today the super bowl champion new england patriots and quarterback tom brady learned the price they will pay for cheating. the nfl announced it is suspending brady for four games for using under-inflated footballs in the a.f.c. championship. the patriots will be fined $1 million and lose their first-round pick in the nfl draft next year and their fourth-round choice in 2017. elaine quijano has more on this breaking story. elaine? >> reporter: scott, the nfl cited two factors in its decision -- violation of the playing rules and failure to cooperate in the subsequent investigation. the suspension of brady is without pay for the first four games of the 2015 season. in a letter to the quarterback nfl executive troy vincent told the four-time super bowl champion, "the

there are reports gm to face a fine of up to $3 billion. a spokesperson for gm would not comment on the status of the federal investigation. last year prosecutors fined toyota $1.2 billion for failing to alert safety regulators for complaints involving the sudden acceleration of vehicles the largest penalty imposed on the automaker by the federal government. when maryibbara uncovered the ignition switches she said 15 gm employees were fired for their role in the scandal. it is unclear if any of the former employees will now face individual criminal charges. phil le beau "nightly business chicago. still ahead, the words no taxpayer ever wants to hear the irs has been hacked. >>> late this afternoon the irs said thieves used an online service provided by the agency to gain access to data from more than 100,000 taxpayers. how exactly did this happen and how many taxes might stigt be effected? eamon javers has been following the story from washington so what do we know at this point? >> hi sue. up to 100,000 americans have had personal informat

. >>> and is someone at gm going to jail? reports criminal charges may be filed bense the auto giant allegedly covering up problems with ignition switches as the death toll rises. >>> another move to take control of time warner. will this deal happen? will you have to pay more as a result? taco bell promising no more artificial ingredients or colors. so what is left? "the willis report" starts right now. gerri: third people are still missing. nine are now confirmed dead after record rain and severe flooding across oklahoma and texas. hundreds of homes were swept away in central texas. another foot of rain fell on houston today which already has seen some of the worst flooding in years. in hayes county, south of austin, raging floodwaters tore through communities like wimberly. wimberly resident keith mcnab is joining us. great to have you on the show. i know it has been a very difficult time for you. at least for your family, at least good news your house was spared tragedy. tell us what happened in your neighborhood. >> it w

how high up would it go to whoever was heading gm at the time?estion. >> i doubt it. >> some of them are engineers. we don't know exactly their names. their names weren't released. once again, this really could put a face not just faces of the victims that we've seen but a face on the alleged criminals who are responsible. it's holding people accountable with so many people wanting to see with general motors. >> many thanks. i appreciate it. >>> still to come the allies plan to defeat isis and political campaigns to win the white house. how the 2016 election could affect military strategy now. in the meantime this is a wreath laying ceremony in kabul in afghanistan in memory of the american troops who have lost their lives there. i'll be right back. you wouldn't do half of your daily routine. so why treat your mouth any differently. brushing alone does less than half the job leaving behind millions of germs. complete the job with listerine®. kill up to 99 percent of germs. and prevent plaque early gum disease and bad breath. complete the job with

jumps on thet, gm competition by integrating with apple software. ♪ angie: gm is jumping on the connected bandwagon. they have announced plans for the latest model of chevy to come complete with a voice activated info-tainment system. this is good news for both apple and for users? allow you, this will to connect your iphone to your chevy. eventually more gm models in the future also and also to your android phone. it will essentially allow you to use the apps you have on your phone already in a car setting well there will be easier. angie: why is this announcement important? important onreally two fronts. important for apple and google, which are trying to become bigger players in the automotive space. there are a lot of things they think they can add to that realm. a lot of business cases. in google's case that they want the data that comes from usage. for gm, they get an advantage because, the consumer is accustomed to using their phone for everything. and you get into a car today and necessarily a phone like experience. angie: explain for us what that experience would look like for a

put aside the notion of people feeling virtuous eating a million calories at a fast food restaurant gm or not? they're putting fears into gm food despite the fact there is no evidence that it's caused any human harm and the fact it's so important these days to be able to feed a growing population. if chipotle really wants to feel virtuous it would spend a little time thinking about those kids in sub-sahara africa who would love to have a burrito, gm or not. >>> this is a poll of legislators who have rejected governor padilla's call for a 6% value added tax. and they also rejected his call of a second try for a goods and services 6% tax. the purterto rican population is up and good for them for saying no miss. >> five years ago governor krils tee put in a property tax cap. the bad news is that of the ten counties in america with the highest median property taxes, new jersey has seven of them and i live in one of them. >> a few other people on our staff as well. >>> remember if you have your own hit or miss be sure to tweet them to us. thanks to my panel, and especially to all of you for

last year gm was fined $35 million by the government over its delayed response to the faulty ignition switches and millions of cars. >>> and youtube viewers will soon be able to shop directly from the video ads they're watching as part of google's push to take on amazon and ebay. the financial times reports advertisers will able to display links to products along with price and description from their ads. it will then be sent to the seller's website to complete the purchase. reports say youtube's initial partners will be se forea and house wears website wayfair.com. back to you. >> one-stop shop at youtube. i'm going to have to get used to that idea. thank you very much. >> i don't even know where to shop anymore. >>> no one likes paying tax owns gasoline but would you rather pay a per mile tax? they are about to test out that program in oregon. starting in july up to 5,000 volunteers can sign up to drive with devices in their cars that monitor how many miles they drive and where they're headed. the volunteers will agree to pay a 1.5 cent per mile on public roads instead of paying the

gm was a mass employer, so much so that people would say what is good for gm is good for america.ow you look at apple that does not employ in a mass way like gm did. the migration towards that sort of technological growth is great if you are a tech company, if you are an apple shareholder great if you like your iphone, not necessarily great for u.s. jobs. host: what is the strength of the u.s. dollar down? give us a little bit of an education. guest: it is near an all-time high. it matters because we always talk about a strong dollar. the treasury s secretary has a strong dollar policy. it sounds like a very good thing. the problem is that it is difficult for exporters in a strong dollar environment. it makes it more expensive for foreigners to buy american goods. any american company, like caterpillar, for example, who wants to sell around the world it makes it difficult. that is weighing on corporate earnings. you see it in everything from dow chemical's to harley. it sounds good, but it will be difficult for companies. host: to georgia, a call for a eamon javers of cnbc. caller

gm in the spotlight. a lot of forensic journalism with the fiat/gm news. later this hour first on cnbc interview with tom rutledge about his company's deal to buy time warner cable. >> winner. >> we are in the red as we start a holiday-shortened week. automotive innovation starts... right here. with a control pad that can read your handwriting, a wide-screen multimedia center, and a head-up display for enhanced driver focus. all inside a redesigned cabin of unrivaled style and comfort. the 2015 c-class. at the very touchpoint of performance and innovation. here at td ameritrade, they love innovating. and apparently, they also love stickers. what's up with these things, victor? we decided to give ourselves stickers for each feature we release. we read about 10,000 suggestions a week to create features that as traders we'd want to use, like social signals, a tool that uses social media to help with research. 10,000 suggestions. who reads all those? he does. for all the confidence you need. td ameritrade. you got this. zfrm znjs zfrm. >>> a couple of stories

what does this mean for the margins at gm? about the margins is absolutely right. it is the fastest turning vehicle in the industry. we are really doing well. and what is really cool is that we are attracting new people to chevrolet and to general motors. we will -- we look forward with a lot of optimism. matt: do you expect that to continue, the low fuel prices? do you plan for that? alan: if someone had told me that this would happen over the next 18 months or so, i would not have affected that. matt: you have come out with a ton of new trucks and more coming out this year. the chevy malibu is bigger, more luxurious. why are you trying to step up with these models into a bracket higher? alan: malibu competes in the biggest car segment in the market. and our performance has not been up to par. with the introduction of this new beagle, we have put our best foot forward -- of this new vehicle, we have put our best foot forward. it is bigger and lighter. we have gotten great reaction to the vehicle. we are excited to be here tod

and the average gm employee could send his kid to college on two weeks wages.oday in america, with dreams of college and a decent paying job at a decent retirement slipping beyond the reach of so many, the american dream seems for so many of us to be hanging by a thread. yet, for america -- the final thread that holds us might be the strongest. it is the threat of generosity compassion, and love that brings us together as one american people. [applause] gov. omalley: for over 200 years, we have been the architect of our own future. now, we must build a new. my father and mother, tommy barbara o'malley were born in the great depression and they grew up to be part of that great generation of americans that won the second world war t. my father went on to college only because of the g.i. bill. my mother, herself, flew in the civil air patrol at the age of 17. [applause] gov. omalley: they raised their children, the six of us to a secure middle-class future because of the sacrifices and the better choices of their generation. they would never accept the notion that

and the average gm employee could send his kid to college on two weeks wages. today in america, with dreams of college and a decent paying job at a decent retirement slipping beyond the reach of so many, the american dream seems for so many of us to be hanging by a thread. yet, for america -- the final thread that holds us might be the strongest. it is the threat of generosity compassion, and love that brings us together as one american people. [applause] gov. omalley: for over 200 years, we have been the architect of our own future. now, we must build a new. my father and mother, tommy barbara o'malley were born in the great depression and they grew up to be part of that great generation of americans that won the second world war t. my father went on to college only because of the g.i. bill. my mother, herself, flew in the civil air patrol at the age of 17. [applause] gov. omalley: they raised their children, the six of us to a secure middle-class future because of the sacrifices and the better choices of their generation. they would never accept the notion th

a special day here at gm. we talked to mary barra earlier today.beatty, president of gm north america about the volt. this is very successful vehicle, the malibu. volt hasn't been so much. they announced new pricing on that. if you put numbers up, $1500 less for the new volt. still not a big winner for them. they might not fet to their next 100 million by selling the volt but there you go. we'll see. that is the latest from the fairfax assembly plant, love to see it. it keeps rolling on here in kansas. adam: 500 million and counting. jeff flock, thaw very much. >> liz claman and adam will be here tomorrow. next hour "the willis report." i will be there with gerri, talking real estate. shameless self-promotion. a@am: see you later. "willis report" next. gerri: hello, everybody, i'm gerri willis. and this is "the willis report," a show where consumers are our business. clintons on the defense. bill dismisses any wrongdoing in the foundation's handling of foreign cash. >> i don't think that i did anything that was against the interests of the united s

matt got an exclusive first look at the car with gm ceo mary barra. i especially like this because i am from the garden state. in my high school years -- matt: this is an important car in your history. for mary barra, the camaro really matters. when i first met her, i asked her about the corvette. the c7 was you out. she said she was interested in the bu 28. she first wanted a pontiac firebird, the sister car of the camaro, kind of. this is the brand-new, six generation camaro. i to get out with a few laps in detroit. impressive. i like the fifth generation, but it felt heavy and difficult to see out of. though the rear visibility has not changed much, this felt more nimble. i like the transition -- transmission better. erik: witted mary barra have to say? matt: i talked to her a long time about the camaro by also wanted to talk about other things because i just read "road to power," which is good if you want insight into mary barra. she is really into silicon valley having studied at stanford. she wants to bring tech to destroy it. she put $1 billion

exclusive interview with gm chief executive mary barra.he talks the new camaro and gm's push for new technology. betty: we will hear what apple ceo tim cook told graduating seniors at george washington university in their commencement address. cook is hearing again, as we mentioned, from carl icahn. he wrote an open letter urging him to expand apple by box further. that applen says shares are worth 86% higher than friday's closing price. joining us from washington is tim higgins. is this realistic that a letter from a large shareholder will change the way that something does its buyback program? >> this is not the first time carl icahn has pushed apple to increase its buyback and it has been successful in the past. increaseounced it will by --pital return program it has been successful. we will see what will happen here. betty: we will see what happens, in his letter, which was generally complementary, writes that "it is our believe that large institutional investors, wall street analysts, and news media like, continued apple --d misunders

. >>> we have an apology coming from phillies gm to you fans.phils come back the tie it up with the mets in new york. what happens after that? that is next. >>> i'm john clark.

it's really a great time to be gm in my opinion. >> take it a step further.ve news a couple of days ago that the sales of the new mid-size gm colorado truck that we have been heavily advertising, they are so good that the workers are being asked no the to take lunch so they can kick out a few more trucks. how hot is that new mid-sized truck market that disappeared a decade ago. ripped the ford ranger. >> right. what happened is everybody except toyota at least in large volume got out. gm has come back in with the colorado and they are saying to toyota, it's on, so to speak. they are coming after them. they should. they have a great product and fort is out with the ranger. they are not selling it in the u.s. anymore. >> we will leave it there. a real pressure. thank you very much. watching the mid-sized truck space. ahmen has a news alert. >> a court in new orleans refused today to lift a temporary hold on president obama's executive action on immigration. the president has the order on immigration. that would affect as many as 5 million immigrants living ille

gm said they will be available in seven chevrolet models starting this summer. the move is proof that carmaker's own devices were not as if he -- appealing. let's listen to the gm product manager. >> everyone is attached to their smart phones. with these technologies we are enabling more than 90% of the global smartphone market to have one of these options available to them. now, for the other smart phone companies out there whether it is blackberry, microsoft, we still have bluetooth connectivity in our vehicle. william: one last story -- we know the phrase "it is all in a name." here is a list of some of the best-known companies and what they were named for the became household brands. i took a part of the list. google, best buy yahoo!, but google used to be known as back rub. best by was sound of music. pepsi was brad's drink. subway was heaters -- peter's super submarines. playboy was stag party. what i like is google has become a verb. it is not as catchy to say back rub it. molly: just back rub it. it sounds odd. stag party, not bad. thank you for a look a

the only thing worse would have been the sixth pick but the gm sam hinkie said the results were positiveetter than i anticipated. i anticipated we would get the fourth pick. that was our single most likely out come was to get one pick. we had a 77% chance to come out of this draft with only one lottery pick. maybe we've been spoiled the last few years with two per year, and maybe going forward we'll have some again. but, um we thought we would come out with only one pick and we thought it would be four. >> i'm missing something here. i know i'm missing something. they were the third worst team and they got the fourth pick. they wanted more. they have traded away their rookie. i don't get it. thanks mr. spin doctor. >>> now the patriots owner robert craft in reality accepted that the patriots cheated accepted his penalties resulting from dee 98 gate. that leaves tom brady on an island by himself in his appeal four game suspension. today the commissioner basically said it's time to be up front. >> the non cooperation was a factor in the discipline absolutely. we do expect to have that in i

a decade, and a fine for gm could exceed $1 billion. >> and then war games in the nuclear site.ng to iranian authorities, the missiles successfully shot down mock enemy drones flying over the nuclear reactor and sir rounding facility. >>. >> it's not uncommon for a baseball manager to be thrown out of a game, and it's uncommon before the first pitch is thrown, that's what happened to reds manager, price. price was reportedly still upset over the strike zone from friday night's game. it's the second time this season he has been ejected. >> apparently not fans. >> i guess not. >>> we are so grateful you start our morning with. >> inside politics starts right now. >>> in new hampshire, the pitch. >> it's time we make the words middle class mean something. >> but will new e-mails bring questions. >> i will keep talking to my old friends, whoever they are. >> and president obama says we are not losing the war against isis. republican contenders all disagree but are at odds what to do about it. >> the longer isil is allowed to survive in iraq and syria -- >> jeb bush says he has right

gm unveiled the new chevy camaro this weekend in detroit.miller was there and took the car for us then and got an exclusive interview with gm ceo, mary barra. how does the car drive? "market makers." matt: i was impressed. time in the of seat current camaro because my brother has one. it is about 200 pounds lighter across the board, and it has a suspension., thes better for navigating track in detroit where i got to test drive it. i also got to week exclusively -- "the way with mary barra before anyone else got to see the car. it looks a lot better in person than in pictures. a lot more differentiated. listen to what she had to say about it. to theve a lot of credit engineering and design team, because they have taken it to the next level. it is all camaro, a true chevrolet. look at the performance level and the filing, it is more refined, but you will not mistake it. it is a camaro. the technology in it as well. so just every inch of it has been improved. : what do you think separates a camaro lover from a corvette lever gekko how do you di

gm recalled a record number of cars for faulty ignition. >>> overnight, prosecutors are looking into possible criminal violations in that huge oil spill off the coast of santa barbara, california, they have ordered the owners to suspend operations on the ruptured line that released crude oil into the ocean. meanwhile, workers are trying to scrub and clean some of the animals affected by the oil spill. >>> and if you're hitting the road on this unofficial kickoff to the summer season, expect a lot of company on those roads, aaa saying that more than 37 million americans driving this weekend, that's the highest number of travelers in the decade. a dip in gas may be fueling this surge in road trips. the national average is now 2.74 a gallon, down 92 cents from a year ago. >>> finally, ducks in london. no longer have to deal with crowds on their daily commute to the pond, special duck lanes have been installed on the sidewalks near rivers and canals. allowing the local wildlife to waddle in peace. it doesn't seem to be ruffling too many feathers. >> is a se gull allowed in the duck lane?

gm just signed on.n it comes to the fact that that is one of the biggest functions of telenav. the second is that telenav is involved with this on-site advertising. on your device if you were to walk towards a store or business, you would that get advertisement targeted towards you. revolutionizing advertising. >> unless it's a coupon, i'm not interested. jeff, great to see you. we'll put up jeff's picks on foxbusiness.com/lizclama n. good to see you. you're into sports. will brady get punished? >> i hope so. this is ridiculous to me. the patriots get away with too much. it's time for them to face the music. >> a giants fan. >> absolutely. let's end this. >> great to see you. jeff, closing bell, five minutes away. off session lows. can the markets come back? how will the saudi snub affect us foreign policy? and that nuclear deal with iran, will it torpedo that deal? formedeal? bob correspond maccoming up. it begins from the the second we're born.er. after all, healthier doesn't happen all by itself. it

according to "the new york times," they have identified criminal wrongdoing in gm's failure to disclose the faulty ignition issues. the report also says that gm could pay a record settlement that could exceed the $1.2 billion fine that was paid by toyota last year for concealing acceleration problem. last year, gm recalled a record number of cars for faulty ignition. >>> and overnight, federal prosecutors are looking into possible criminal violations in that huge oil spill off the coast of santa barbara, california, they have ordered the owners of the pipeline to suspend operations on the ruptured line that released crude oil into the ocean. meanwhile, workers are trying to scrub and clean some of the animals affected by the oil spill. includeing seals, pelicans and dolphins. >>> and if you're hitting the road on this unofficial kickoff to the summer season, expect a lot of company on those roads, aaa says that more than 37 million americans driving this weekend, that's the highest number of travelers in the decade. a dip in gas prices may be fueling this surge in road trips. the nation

gm owns this market share. 28% of the car market in the u.s. asked why performance was important. >> it is developed around the track and these cars. you will see cars through the top of the line. they will have technology to do that. racing improves that. it is an important part of our dna. matt: a goes down through the silent. tom: did they make money like they do on a pickup truck? matt: not in a pickup truck. this is a $35,000 car the ss so that costs a lot. they are making bigger margins. they own the big suv market with 85% of the market. brendan: thank you. he is never not testing a car. matt: i enjoy testing the product of the companies are report on so i can see how they are doing. tom: we will look at the cash in the market. where are you in this market? are you in the market? vix is stunning. stay with us. ♪ tom: we celebrate the good people of amtrak who got their trains running. this is the first train moving to philadelphia after the crash. you see the news and you see what amtrak needs to do. he took a 1958 train to miami. brenda

gm is expected to have to pay at least $1 billion to settle the matter. however, officials say gm is cooperating with the investigation, which could reduce the penalty. the final settlement could be reached as early as this summer. in iraq, about 3,0000 pro- government troops are struggling to retake the city of ramadi, after islamic state militants overran it last weekend. the capital of anbar province is only 65 miles west of baghdad and the isis victory there is seen as a major embarrassment and strategic loss for iraq's leaders. so far, at least 500 people have died in fighting and a third of the city's population has reportedly fled. and in ireland, a nationwide referendum on allowing gay marriage has passed. officials say more than 62% voted yes. ireland is now the first country in the world to legalize gay marriage by popular vote. a group of farmers in california are making an unprecedented offer to help the state fight a record-breaking drought. they've agreed to give up a quarter of their water this season. joining me now is "sacramento bee" rep

. >> reporter: from the remote corners of turkey and the gm coastline the distance between despair andnew life in europe via a greek island can be just 25 kilometers. [shouting] but over crowded boats, coast guard patrols and routeuthless smugglers have a periless crossing and he is a smuggler and he is about to take a boat full of migrants to the greek island of lesbos and this time if he makes it he will blend in with the passengers and claim asylum himself. >> translator: i've never sailed a diesel engine boat but i have to sail tomorrow and never sailed this deep the sea is scary and i'll be scared particularly as at least 35-40 peoples' lives is my responsibility and it's no humanity whether or not i send you out to see if you make it or not i still made money. >> reporter: they made it there and he sent pictures and after a couple of days a the migrant reception center they are free to go to athens and beyond and migrants will pay 900-2000 to be squeezed on to a small boat that will sail them to greece, that is the island just over there. now, if they get into thisin the u.n. has

i don't ever veto a gm's voice, enquote. >> one of sport's hit couples have split up.and lindsey vaughn mutually split up siting the sprain of their busy schedules. >>> that's it for sports. i'm danny pommell. we'll be right back. . >>> a celebration of philadelphia's farm to table movement that was for a good cause. nbc at the morris host hotel in center city which hosted a farm to table brunch today. all proceeds from the event to the salvation army's emergency heating program. what a great week ahead. >> that must have really niceaut@@r(t&háhp &hc t there as well especially with our temperatures today pushing up to 80 degrees. tomorrow even warmer. plenty of sunshine as well on our monday. and then take a look at tuesday. we'll see more clouds moving in. the chance of isolated thunderstorms. temperatures stay at 80 degrees most of the week with the exception of wednesday. >> all right. that's nbc 10 for now. for brittany danny and all of us here i'm denise nakano. stay for the eagles blueprint special. >>> for the 20th pick in the 2015 nfl draft, the philadelphia e

gm announced price cuts on 40 models across the buick, chevy, and catalog rance.hey fell almost 9% last month in china. chinese automakers have an increasing market share by offering cheaper vehicles. it is hard to believe, but sobering times in russia and ukraine are causing headaches at carlsberg. the company reported a wide and loss in europe, citing economic turmoil and political unrest has caused slumping beer sales in the region. carlsberg beat estimates for overall profits but it is russia's largest brewer. those are your top headlines. pimm: steve schwarzman and the billionaire chief executive -- executive of blackstone group has made big investments in the market and paid off well. now he is giving back, $150 million to his alma mater in jail. he spoke with erik schatzker and stephanie ruhle about the need for philanthropy. >> i have looked at giving substantial money to yale over time. that people in life tend to find me now. this is not a surprise. they approach me with a few alternatives of things that might be of interest and this one particularly was

coached in the nhl, however. >> that is not confusing at all. >> hextall hakstoly will go coach and gm. >> that is better. >>> still to come, a child survives after being dragged by a school bus. how she got stuck a and how someone finally stop the driver. >>> plus the teenager was accepted to every single will ivy league college but he just said no to all of them. why he turned down his elite acceptance letters and where he is going instead. >>> plus meteorologist david murphy will be back with your seven day forecast when "action news" continues. i'm brian vickers, nascar® driver. i'm kevin nealon comedian. and i'm arnold palmer, professional golfer. know what we have in common? we talked to our doctors about treatment with xarelto®. me, when i had a blood clot in my leg that could have traveled to my lungs. that's why i took xarelto®, too. xarelto® is proven to treat and help reduce the risk of dvt and pe blood clots. i took xarelto® for afib... an irregular heartbeat that can lead to a stroke from a blood clot. xarelto® is proven to reduce the risk of stroke in people with afib, no

he also coached the son of flyers gm ron hextall.hat's how they got to know each other a little bit. it's hakstol and hextall now. >> i wasn't going to choose the coach that was the people's choice the popular choice. i was going to pick the coach i felt like for this franchise, from today, next year and moving forward here is the right coach. >> the fact that i do not have experience at this level, you know, i'm not going to pretend i do. but i do have an awful lot of confidence. >> all right. comcast sports net joining me now and i've got to ask you, this came out of nowhere. but do you like this hire? >> i was shocked. i like the hire now i look at it and think it's a bold thing to do. it's a risky move. you go into the college level. but we're in philadelphia, the last guy that came in town from college and everybody had a shot with chip kelly. i think the fact there's no ncaa hockey program here people lose sight of how big it can be. so if you look at that and it's the same thing where a recent college coach will struggle. it's

people. >> scott mcgrew, this stems from the charges that gm knew some of the cars were defective. >'s right. it could involve not only the company, but individual people that would be a big change. the manufacturers whose products do lead to death. the "wall street journal" speculates as a company that gm can face $1.2 billion in fines, more than toyota paid for its deadly crashes due to sudden acceleration. >>> no trading of course today because it is memorial day. the markets will be watching spain which over the weekend held elections and elected candidates who oppose fiscal austerity. that is cutting back in the times of economic trouble. there are arguments that cutting back is a mistake. germany would say it isn't. but good arguments on other side here. we did cut back during the recession -- we spent like mad through stimulus and it seemed to work. the dow closed slightly lower, as did the s&p 500 and s&p set several records, all-time highs. the tenth record of this year. so the best measure of the stock market showing the stock market is doing really well. >> wow. spending d

. >>> a major development in a scandal that rocked gm and a huge impact it has had on your safety. landon dowdy joins us now from cnbc with more on that. good morning, landon. >> hey, angie. good morning. the national highway traffic administration will extend oversight on the safety issues for another year. this requires gm to continue submitting reports to the agency and meeting with staff so regulators can monitor how the automaker is investigating potential issues with vehicles. last year gm was fined $35 million by the government over the faulty ignition switches in cars. >>> youtube viewers may be able to shop directly from the ads they're watching. "the financial times" reports advertisers will be able to display links to products along with price and description from the ads. the viewer will be sent to the seller's website to complete the purchase. youtube's initial partners will be sephora and way fare.com. >>> well, it's the latest twist in the saga of delegate joe morrissey. he says he will marry the 19-year-old mother of his son. morrissey and myrna pride say they want