so much of the discretion lies with ken feinberg. of times and i work hard to get elements into the plan, but so many requirements are prefaced with -- sole discretion of the neutral administrator. mr. feinberg must now show that he is neutral, that his awards are fair, and that he intends to do the right thing for the victim and not behave as if he is the attorney for gm. my hope is that that is the case. >> your help, of course, there was a lot of criticism from the department of justice, who accused ken feinberg of trying to save bp money in that oil spill in the gulf of mexico. what do you think? the only other time he has represented a private company as a result of that companies conduct, he did not do so hot. this is his second time and this is his second chance. since the plan is voluntary if you don't like the award you can pursue litigation. and then he has a short leash, so to speak, regarding what he is going to do. i am aware of bp and the criticism leveled against them. some of it was very justified. i am on high alert

ken feinberg about to a.agen two decisions from the supreme court, one on union dues and obamacare. and bis, bank of international settlements launched a blistering attack on what it describes as euphoric markets, we'll consider that as well in hour two of "squawk on the street." ? ? that's enough time to record a memo. idea for sales giveaway. return a call. sign a contract. pick a tie. take a break with mr. duck. practice up for the business trip. fly to florida. win an award. close a deal. hire an intern. and still have time to spare. check your speed. see how fast your internet can be. switch now and add voice and tv for $34.90. comcast business. built for business. that's keeping you from the healthcare you deserve. at humana, we believe if healthcare changes, if it becomes simpler... if frustration and paperwork decrease... if grandparents get to live at home instead of in a home... the gap begins to close. so let's simplify things. let's close the gap between people and care. ♪ the street." i'm diana o

fox business's new cavuto speaks to gm fund manager ken feinberg tonight.ere is a sneak-peek. >> purely voluntary. nobody has to come into this fund. secondly -- >> but if they do they can't go the other route? >> that's right. they don't have to make that decisions until they know exactly how their claim will be treated and how much money they will receive. melissa: here now, fox news senior judicial analyst, judge andrew napolitano. so he says there is no limit. >> well you know -- melissa: how big can it get? >> it could be as big as gm's either generosity or business instincts drive it to be. this is a very, very weird and bizarre bankruptcy, because of the 800-pound gorilla in the room at the time. bankruptcy, the federal government, created an entirely new gm which was insulated from the consequences of the negligence of the old gm. these ignition switch problems occurred under the old gm, the one that went bankrupt an the one federal government used to own. any money that ken feinberg distributes by gm now is because gm thinks it is a good business d

we had ken feinberg's announcement revealing long-awaited compensation. they also had to halt trading during the day. gerri, you have two lawyers representing the crash victims and their families. be interesting to see if they accept what feinberg offers. gerri: that's right, dave and liz, thanks for that. the question is will victims take the settlement? two lawyers as you said representing crash victims and families. we also have ralph nader. also coming up on today's show, obamacare beaten back once again. this time by the supreme court. we'll take a look what today's religious freedom exemption means. >>> also president obama nominates the former head of proctor & gamble to run the va. can the private sector fix this broken institution. >>> the july 4th holiday is deadly heft times of year for bets. important information how to keep those family members safe. "the willis report," where consumers are our business starts right now. gerri: tonight we begin with the gm recall. the story gets bigger and bigger. we received word general motors is recalling

interview watch an with ken feinberg later today at 11:00 a.m. eastern time.or decision to be released by the spring court. obamacare and providing comprehensive coverage. standing by at the high court is megan huge -- megan hughes. what is the legal question? >> it is all about religious freedom here. it is a very controversial issue. the loudest day of decisions we have seen so far. requirestroversial and employers to cover, trip -- to cover contraception. of oklahoma and one out of pennsylvania. the owners of these companies say there are two forms they find morally disagreeable, equivocated with abortion. law want to opt out of this that allows individuals religious freedom rights. they want that extended to businesses. .ery controversial justices seemed pretty divided. is the first time they looked to be affordable care act since 2000 12. >> clearly come impassioned protesters behind you. some impassioned protesters behind you. >> they say that is against their first amendment rights. -- makes at mays broad decision, it can have a tremendous impact and th

ken feinberg is working on the general motors fund and i can name dozens of others. hat aig has paid its bailout, and ken said it was a surprise how quickly they did pay it, and they are how -- now onto a new successor, a new ceo, what does that tell you? >> it tells us that hopefully that american time -- that time in american history, we are able to close the chapter, but too many americans are still struggling with a slow recovery out of that terrible economic crisis, but it shows us the acute actions that we can to stabilize the american economy in 2008 were, on the whole, effective. nobody wanted to do that. we hated the idea of intervening, but if we had to intervene, we wanted to stabilize the economy and protect the taxpayers. i am proud those actions were successful. >> even at that time, people thought california was going down the toilet. >> that is true. havein california, we almost 500 billion dollars of unfunded liabilities that we are on the hook for. those are there. governor brown is excepting the rosie projections that calpers producing. we have to u

liz: that is ken feinberg charge with figuring out the gm compensation speaking with neil cavuto. the full interview tonight at 8:00 p.m. eastern. any other interview you saw before then is not as good as what neil got on him. maybe this is unfair to some people, it is recovering but we are an investor audience through look at what it is doing. as you can see, it is coming back down just about half a percent at the moment. let's continue with speaking about automobiles in a much different light. luxury. new line what segments are doing well, luxury is doing incredibly well looking for a new classifier. it seems mercedes-benz has struck gold. member this commercial? trying to convey a millennial type guy that into the mercedes world and what kind of a life he would have if he drove a mercedes. it is expanding from luxury buyers to mainstream buyers. bastard unveiled a model with a starting price of just points $9900. the campaign took off like lightning, the sales have been incredibly well now it is and what business would do. let's expand the lineup but also going to different ent

just a moment we are going to have more on this, jeff flock will be joining us, the latest from ken feinberg giving out money to crash victims, he gave neil cavuto interview today. wait until you hear what he says about it. now we're looking at the s&p which had been positive flipped to negative. we are now down 41 points. year to date, this chart does look good. wondering if there is some relation to the fact gm had been higher and turned negative. about two points, less than that, will be a new closing high, 23rd new record for 2014. have not been able to get there ithe last couple of sessions. the nasdaq another 14 year high has to and hired to close that 14 year high. they still are run up in june up nearly 4% the other way. it has done very well marked the best month since last september.

ken feinberg has yet to release his findings. there were probably be calls from congress for a real fine or punishment of gm like we saw in the case of toyota. that was a $1.2 billion criminal fine for the recall issue which had to do with the accelerator pedal. the chevy and follow from 2006-2014, a couple more buicks, and chevy monte carlo, it is a wide range and you can expect to see more of this from gm. they want to get as much of the out of the way as possible before she goes to testify before congress. >> do you think that gm has a check that is signed and they are waiting for ken feinberg to tell us how much to fill in? >> absolutely. they want to say that they do not want to forget about this, they will keep it in mind going forward, but surely they want to give it over this hump. when ken feinberg says how much, they will sign it and given to him. they cannot get over this quickly enough. and they want customers to focus on the good products they make now rather than the products in the past that may have caused acciden

ken feinberg has to do this delicate and really, really sad task, chore of putting a value on a humannd maybe also on injuries that happened inside of the gm cars. there were the 13 deaths and 54 crashes, but ken feinberg has been given a great deal of authority inside gm to make a determination of who is eligible, the scope of this, what they'll be paid, what they'll be compensated for and just what it's going to look like. we'll find out on monday. here are some of the things he's worked on before, the deepwater horizon spill, $20 billion, the $7 billion for the 9/11 terrorist attack and $61 million for the boston marathon bombing. the marathon bombing payout was donations. he was asked to take the voluntary donations and disburse them among the victim's families, $2.2 million for each marathon victim is what he gave, $208,000 for the virginia tech massacre, per victim there, and the 9/11 terrorist attack he has said ken feinberg said he learned some lessons from that. that you might recall some people for example restaurant workers families got less money back than an investment ba

ken feinberg is an attorney, he's the most experienced man, period, there is at this. after 9/11, he held hundreds of hearings with victims family members, so i think, you know, likely he's going to hold hearings again here to determine if these people are indeed counted. the difference is in the bp oil spill. you know who died enwho was inju injured as a result of the explosion. here it is legal fighting back and forth. did the ignition switch cause the crash or something else that caused the crash. ken feinberg it sounds like will be the one who has to determine that, that takes a while. he'll start accepting, though, claims from family members starting on august 1st. >> and, laura, i'm curious, amber is your birth daughter. do you know if the family will accept gm's deal? >> i don't know. that's entirely up to them. whether or not i accept a deal really depends upon the terms. not so much the monetary compensation, but really upon whether i'm going to be silenced. as we know. i've been vocal about this and even more so about trying to get legislation passed. so that

you'll be interviewing ken feinberg? >> immediately afterwards.ive interview immediately after he announces the compensation will be on "squawk on the street" so you don't want to miss that. >> thank you very much. >> coming up, an emergency landing for a toou united flight in wichita. how much are you willing, conversely, knew, to pay at the pump. you like that? >> yeah. >> emergency landing did you hear what happened? >> no. >> wait until you -- >> that is a separate story, and no -- an outlook for gas prices just ahead. and make sure you tune in to "squawk box" at 7:30 eastern time. that's tomorrow. chris christie will be our very special guest in studio. we're in new jersey. and he's going to come in studio. "squawk box" will be right back. [ male announcer ] don't just visit miami. [ jackhammer pounding, horns honking ] [ siren wailing ] visit tripadvisor miami. [ bird chirping ] with millions of reviews, tripadvisor makes any destination better. >>> welcome back to "squawk box," everybody. pictures that you have to see to believe this mornin

so keep your eye on this announcement from ken feinberg today because the level of compensation could be in the billions of dollars. >>> moving on from one series of compensation payments to another. bnb paribas, the french bank has been in the firing line for breaches of sanctions. it looks today, we will get a settlement of that with the doj, $8.9 billion or thereabouts thought to be the size of the settlement, and potentially they will also be excluded from doing some dollar banking business as an additional penalty for some months forward. but keep your eye on those two announcements today. they will be big news as far as the markets are concerned. back to you. >> we'll watch that. and jeff, i want to go back to the story we reported earlier. the former ceo of procter & gamble. this robert mcdonald guy picked to lead the v.a., what was his reputation as a ceo? >> i think he's a safe pair of hands. as far as procter & gamble is concerned, this is 120,000 employees across, what, over 180 countries. he managed a very sizeable business. he is a west point graduate which also gives him

we had ken feinberg's announcement revealing long-awaited compensation. d to halt trading during the day. gerri, you have two lawyers representing the crash victims and their families. be interesting to see if they accept what feinberg offers. gerri: that's right, dave and liz, thanks for that. the question is will victims take the settlement? two lawyers as you said representing crash victims and families. we also have ralph nader. also coming up on today's show, obamacare beaten back once again. this time by the supreme court. we'll take a look what today's religious freedom exemption means. >>> also president obama nominates the former head of proctor & gamble to run the va. can the private sector fix this broken institution. >>> the july 4th holiday is deadly heft times of year for bets. important information how to keep those family members safe. "the willis report," where consumers are our business starts right now.

ken feinberg will be with neil at 8:00 p.m.eastern, you cannot miss that comment will be fantastic. president obama digging in his heels as he says he will continue to work around congress to get things done. take a listen. president obama: this keeps the system rigged for those at the top and those for the middle class. as long as they keep on doing this, i will keep taking actions on my own. stuart: i'm saying president obama officially became a lame duck on friday and over the weekend and these executive actions are nothing more than negative public opinion and making things worse, not better. >> he said american people i am willing to promise you i will abuse my authority power. he said i will not do my job, i will not go to congress and i will not negotiate, when all else fails, blame the republicans did charles: if i can get the public behind me and you grab pitchforks and torches, help me out because you have to redo this whole thing. >> the problem he has of course is the court. we saw in hobby lobby, you cannot abridge

ken feinberg who ran the 9/11 victim funds said it will be a while before he decides how to compensate those affected by the recall. back to you. >> all right. thank you. >> we are going to get some heat in the bay area. you will feel it head upwards today. >> good morning to you. scott, laura happy wednesday to you at home. getting closer to the weekend. noticeably warmer 5 to 10 degrees. and moderate cooling at the coast for today. 54 degrees. starting out the day 54 degrees. the cloudy sky overhead. some will notice in the south bay. it is no cause to roll in. definitely we are not working with as much cloud cover. the temperatures yes, that warm up. 91 degrees in the east bay. what a treat for you in the city by the bay. take a look at where we are headed. half as much cloud cover by tomorrow. not expecting as much fog and that warming trend will persist. the days trend hotter and driest and you have this longest retreat. temperatures here in the south bay. 92 on sunday. we'll keep you updated right now back to you scott and laura. >> a driver is in custody accused of kidnapping a

. >> i'm joined by ken feinberg.ive me your perspective in terms of how many families do you believe you will hear from who will take part in this fund? >> i think we will hear from a huge number of families. the notice program is going out to over 3 million people. if the accident involved a death or a physical injury in a designated g.m. automobile where it could have been the ignition switch, those claim apartments should file a claim. the program is voluntary. >> two families are here. laura christian, whose daughter died in a vehicle accident. what did you say to the families? >> i said i would very much like to meet with them and get their perspective on the program, hear what they have to say about their own individual claims. very, very sad. it was an opportunity to meet with a few of the families you don't want to put a cap in terms of how much people might ultimately receive from the fund, whether it is $5 million, $6 million, $7 million, why not? >> a cap is an arbitrary figure. it would be -- i think disi

. >> rules in the eligibility criteria are being determined and set independently by ken feinberg.ll be his determination as to what the rules are, what the eligibility criteria are. he hasn't included that yet. all the information we have right now, information where we have specific details, that's the number. liz: gm leaders actually saying, well, those deaths in the back don't count, they are dismissed. well sax 15 employees are dismissed, fired from the company, and they're the ones that supposedly had most to do with not really dealing with the recall issue. when pressed later at a news conference on the exact level and job title of those employees, barra would only say that over 50% were, quote, at the executive level. okay, these clinical comments started to bother us here at fox business. but let's see if the investor was bothered, because we are a business network. (@9;jrj been watching this stock all day. >> reporter: we are constantly watching general motors after all these recalls and deaths as well, and we know that there's more to come, that's part of it, lawsuits to

ken feinberg, running victims compensation fund reports out monday. what are you expecting?> i'm not certain what we expect. we know there will be compensation fund. we don't know what the shape will be for that and what allowance for claims will be. i assure you we're awaiting that announcement on monday. gerri: congresswoman, thanks for helping us out tonight. >> thank you so much, gerri. gerri: if you noticed a lot more credit card offers in the mail lately. you're not alone. banks and credit card companies are on a campaign. volume of offers going to people with bad credit, it could be a cause for concern. for more on this, bankrate.com chief analyst, greg mcbride. good to have you here. here we are again, banks and credit card companies giving money to anybody that can fog a mirror, lowering standards. 39% increase in proportion of new subprime credit cards going out. is this a cause for concern? >> not yet. but look, it could become that way. all conditions are kind of ripe for us repeating history. we have record low interest rates and everybody is reaching for yield.

each case, it depends on the person who was involved and ken feinberg threw out a couple of examplesyear-old who is living at home, no income, i believe that the compensation is going to be 2.2 million. that's his estimate as of right now. he is just throwing out hypotheticals here. another example, a 25-year-old who is married with a couple of kids and a salary of 75,000, their compensation might be 5.1 million. and then there are scores of people who were injured in faulty gm vehicles and threw out an example who is a 10-year-old, a paraplegic, the fund payout, in his estimation, would be about $7.8 million. so, that gives you some sense of what the fund might be paying different victims related to the ignition switch crisis. but again, that's strictly related to faulty ignition switches and this new recall, the flash you're seeing at the bottom of the screen that is not related to the ignition switches, that is all new six new recalls involved there. >> fill, just put it in some perspective for our viewers. how many cars is gm estimated to sell this year? where are we? >> yeah, i

to take the compensation and they go offer and ken feinberg will determine what their lives are worth and they will take whatever he says as lot into that. >> once mr. feinberg has completed protocol we can assess that we won't know until they actual compensation program has been run but at that point we will make an estimate. >> it is quite possible and likely to say that those people that bob is talking about in the back seat of the car whose stepdaughter was in the back does not get counted because she denied having an air bag. and he'll have the ability do declare that. but then the addition behind me you could go by a chevrolet cobol now there is a 20081 for sale selling at $80,000 people will the cars say the value was destroyed as a result so we should be compensated as well so that is another part may be a death by a thousand cuts. >> but then day said again when it comes to the victims' it seems to me wonder if this is helpful to the case is that she said that today that we do expect to report more deaths than you are being heard. is that how you took these comments today fro

planompensation administered by ken feinberg was unveiled this morning in washington. us now with more. this will be a long, complicated process. what are the key takeaways? --gm will send whatever it spend whatever it takes, according to ken feinberg, who has become quite the expert in putting a price point on tragedy. he outlined the basic right. on how the program will work. the fund is on cap, meaning they are not setting a limit on how much to set aside, gm will pay whatever he deems appropriate. purelypation is voluntary, but anyone who takes money will have to give up the right to sue gm. victims of accidents from before are eligible even if they have already been compensated. that is a big one. contributory negligence is a relevant. meaning it does not matter if the victim was driving drunk or was texting as long as they can prove the car -- prove the proximate cause that the ignition switch defect was behind the accident. approved claims will be paid within 90 days to 180 days. this is just the latest piece of the very costly ignition switch puzzle. there is n

>> the rules and eligibility criteria of the compensation program are being determined by ken feinbergdetermination as to what the rules are, what the eligibility criteria are. >> reporter: so bottom line, jake, we'll see the number, though, officially is 13 and a lot of families are very mad because their loved ones are not counted on that list. >> poppy, gm is saying there is no cover-up. i checked it out and no investigation. no cover-up. >> reporter: right. >> but the flip side of that is, if they are not evil, then they are incompetent? >> reporter: yeah. and they said that themselves. the words that ceo mary bar ra used this morning was incompetence and neglect. there was a deadly defect in their cars and it went pretty high. they laid off 15 people and more than half, we're told, are executive level or higher. but apparently it didn't get up high enough to have something done about it. keep many mind, the department of justice is still doing their criminal probe and congress is still investigating. so this is not just the end of the story. >> quickly, poppy, if you would, that f

you sat down with ken feinberg if an interview. what else have you learned?, those who died as a result, their families will be compensated. those who were seriously injured, they will be seriously injured as well as those with lesser injuries. the people who died, their families are going to get at least a million dollars, likely more than that. he gave examples of 2 million to $8 million. they need to show that the proximate cause was the ignition defect. gm hasn't put any cap on this. whatever ken feinberg determines the number should be, gm has to pass that out. they're also not going to use contributory knowledge in this. that's an interesting development. we talked to ken feinberg about how he determined this, how he put a price on life and also what the real goal here of this is. listen. you've said that this is a program to help victims and the survivors of those that died. not a program to punish general motors. why did you say that? >> because this program is to compensate victims. if you want punitive damages, if you're determined to wage litigatio

they will let ken feinberg the administrator of that fund decide what the value is and my clients areut quite frankly i'm realistic and conservative and will advise them based on what feinberg suggests. if he's being fair and if he says to each one of my clients we'll treat your case just like we would at the courthouse, then perhaps there's a way out for gm. >> but it also means it won't be one size or one settlement fits all. ken's history is such that he bases it on the potential earning power of a victim, so it could be a little for this victim, a lot for that victim. it could be all over the map. >> that's right. some of the amounts of damages are based on lost wages in the future. you know, many of my victims have close head injuries, can't work any more so they have a loss of value of just enjoying their life. and, you know, i know ken feinberg and we had some talks and he appreciates that that has value to these folks and general motors is serious about it you have to address it financially. >> we'll see. thank you. >>> all right. well, if he had to wait five years, bad news f

you've done all of society a favor. >>> on monday ken feinberg will announce the guidelines for compensatingies affected by the gm problems and feinberg will be on the lead with jake tapper. hear what he has to say 4:00 p.m. on monday. tanks, battery rams. not only military equipment deployed overseas but the tools of local police. a recent report questions how much heat your cops are packing, and whether they really need pit. okay, listen up! i'm re-workin' the menu. mayo? corn dogs? you are so outta here! aah! [ female announcer ] the complete balanced nutrition of great-tasting ensure. 24 vitamins and minerals, antioxidants, and 9 grams of protein. [ bottle ] ensure®. nutrition in charge™. [ bottle ] ensure®. humans. even when we cross our "ts" and dot our "i's", we still run into problems. that's why liberty mutual insurance offers accident forgiveness with our auto policies. if you qualify, your rates won't go up due to your first accident. because making mistakes is only human, and so are we. we also offer new car replacement, so if you total your new car, we'll give you the money for

you've done all of society a favor. >> thank you, michael. >> on monday, ken feinberg will announce theensating families affected by the gm problems and feinberg will be on the lead with jake tapper. hear what he has to say monday, 4:00 p.m. eastern. >>> tanks, grenades, battering rams. i'm not only talking about military equipment deployed overseas but the tools of local police. a recent report questions how much heat your cops are packing and whether they really need it. ♪ [ female announcer ] we love our smartphones. and now telcos using hp big data solutions are feeling the love, too. by offering things like on-the-spot data upgrades -- an idea that reduced overcharge complaints by 98%. no matter how fast your business needs to adapt, if hp big data solutions can keep wireless customers smiling, imagine what they can do for yours. make it matter. imagine what they can do intercourse that's painfulit... due to menopausal changes. the problem isn't likely to go away... ...on its own. so it's time we do something about it. and there's help. premarin vaginal cream. a prescription that d

today, we heard mary barra, the ceo saying that ken feinberg will be determining how many people areompensated and how much they are compensated for either their injuries or because a loved one died in a car that had this ignition switch defect. but to the point of that exchange that you just heard there on capitol hill, barra was asked repeatedly today did you have previous knowledge about this defect in any way were you advised in your career? keep in mind, she's only been the ceo since december or january but she's been with the company as an engineer for the better part of 30 years. she repeatedly said no. more on the cap, on the situation involving the compensation. she said today that there will be no cap, no cap on the amount of money that ken feinberg, the compensation attorney, will be allowed to distribute to those people who have been affected and she also said -- and this is important -- if somebody decides that they are going to take the compensation from mr. feinberg and he will determine how much, that they, therefore, will be waiving the criticism from the court. gm's

is leaving that in the hands of ken feinberg, expert on compensation.he will be able to determine who gets compensated and how much they get. opening their checkbook to ken feinberg. see what he has to. >> and seeing what they have to pay. thank you very much. promising the limit on the compensation plan for the victims of that recall issue but is that going to be enough? the state's republican governor is watching this quite closely. rick snyder joins us now. governor good to see you glen good to see you. >> do you think this could push g.m. right over the edge? >> no. i think that g.m.'s responded very well to this. this is a troubling and tragic situation. we saw that. the practical matter, they stepped up and said they are going to take responsibility. they are investigate thing and working hard this issue. >> all the recalls on the issue that lit cost the company a bundle and maybe put it right back into bankruptcy, you don't see that? >> no. i don't see that. again, they are being very response turf this and -- i appreciate their efforts. >> all r

they're not going to be a part of this ken feinberg settlement. what they tell me is you can't buy our silence. we want to bring gm feet to the fire and make sure they pay for what they've done. >> we'll watch for more in about an hour on the fox business network. thank you, gerri. man, the economy. the weather is mean, isn't it? >> i don't know what it is. it's not just the weather. >> it's a lot of weather -- it's a lot of weather problems. here's the deal. the u.s. economy has seen its worst decline in five years. coming up, we'll tell you what the analysts are blaming including the weather for the slowdown. >>> plus, a lightning bolt struck a man in the foot and blew him right out of his shoes. more about that shoe, that smoking shoe. how do you survive such a thing? he'll tell us live coming up. . . people join angie's list for all kinds of reasons. i go to angie's list to gauge whether or not the projects will be done in a timely fashion and within budget. angie's list members can tell you which provider is the best in town. you'll find revi

. >>> gm says it's prepared to raise the death toll based on the criteria set by ken feinberg, the compensationxpert. the company has hired him to pay out claims to those killed or injured in accidents. >>> coming up, cops in los angeles are using an innovative computer program to fight crime but it's rising privacy concerns. we'll take you inside a city of tomorrow, next. other vo) when i was pregnant... i got more advice than i knew what to do with. what i needed was information i could trust on how to take care of me and my baby. luckily, unitedhealthcare has a simple program that helps moms stay on track with their doctors and get the right care and guidance-before and after the baby is born. simple is good right now. (anncr vo) innovations that work for you. that's health in numbers. unitedhealthcare. narrator: these are the skater kid: whoa narrator: that got torture tested by teenagers and cried out for help. from the surprised designers. who came to the rescue with a brilliant fix male designer: i love it narrator: which created thousands of new customers for the tennis shoes that got t

as you know, ken feinberg is working on that.barra said today, you know, they've got these 13 that are listed as deaths associated with this. that doesn't count kids that were in the backseats of cars, because there were no air bags in the backseats that didn't go off. so they're not counting them. people have said that's ridiculous. she says ken feinberg's going to make that decision, and i suspect he will decide those people deserve compensation. liz: he tends to always do the right thing. he is a stand-up guy. >> reporter: he is. i agree. liz: i would say, jeff, that we as free marketeers and pro-capitalists are very much understanding that things sometimes do go wrong. it's what appears to just be this terrible culture at gm. and "the new york times" had that article over the weekend where the lawyers were all lying to each other. it's just awful. and i do believe that this story is not over. could be wrong, but at the moment we are looking at the stock down just barely, fractionally. thank you, jeff. >> reporter: thanks, liz

that will be set by ken feinberg. mary barra talked to reporters saying that is being developed. the pace of recalls is slowing down. there still will be a few coming out in the second quarters but certainly not the wave we saw within the last month or two. finally, the financial impact not only of all these recalls but the victim compensation program, that remains unclear. we should have a better sense by the end of the second quarter. i want to show you this chart. compare general motors and ford. historically, they trade in tandem but if you go back and look at the beginning of this year, there you see the split, once the wave of recalls started and the whole ignition switch price began. since then, the most part, ford outpacing general motors, they have relatively moved in tandem and today, minimal impact on the stock following this annual meeting. guys, we are really looking toward the end of the second quarter, that's when we will get some concrete figures in terms of the compensation program and the financial impact for the second quarter of all of these recalls and the ot

ken feinberg, the compensation expert, is expected to outline details next week. >>> the government grounded amazon's plan to use drones to deliver your packages. in a document released monday the faa named the proposal as an example of what's barred under rules allowing use of drones for recreational purposes. the faa didn't specifically cite amazon primary, someone offering free shipping via drones, that would be for business. >> how seriously did you take the amazon drone? were any of us thinking they were going to do this? >> i wasn't. i thought it was a great publicity stunt and got us talking about it. we're still talking about it. but was it something they were full steam ahead on, getting ready to get rid of trucks and go to drones, no. >> a good honest answer. >> anticipate them flying all around. >> to deliver your forecast, meteorologist christina loren. >> good morning to you. we have an interesting weather forecast to tell you about. temperatures right now, mostly in the 50s. 58 degrees in san francisco. kicking off wednesday at 55, half moon bay, 57 down in san jose. it's mild

ken feinberg overseeing the fund will have full authority to establish the criteria for eligibility there. >>> and amazon expected to unveil the smartphone today. jeff bezos presiding over a mystery event at the seattle headquarters. rumored to have a 3-d screen that can track a user's eye movement and maybe linked to prime service. at&t will be amazon's exclusive wireless carrier. but amazon may have a tough hill to climb here. latent tri into the market, the smartphone dominated by apple and android devices. >> thank you. appreciate that. >> i just got my screen replaced for the third time. good for you for doing. most people procrastinate. >> it wasn't working. it's like i cut my arm off. tough to be without a phone. i can't text you. >> i ditch my phone for long periods at a time and everybody in my life doesn't understand it. good morning. i like to talk indoors. 57 in concord. 57 in san jose. but that way we can keep our energy going for you in the morning. you know wednesdays, one of those daze yys you need a pick-p the weather on your side. no problems in terms of fog. wind has re

ceo mary barra has said there will be no cap on payments and gm will have no say in how much k ken feinberg> we'll see what happens today. seema modi with cnbc. thanks. >>> now your nbc 10 first alert weather. >> clouds are moving through the area this morning. but no showers associated with these clouds. they'll be here to start with and then take off this afternoon. the temperatures, they'll be moving up, too. 67 degrees. right now at nbc 10, there's a cloudy view from the melon bank building in center city. katy zachry is watching traffic. good morning. >> we are taking a live look right now in chester county. this is a look at 422 at trooper road. volume is increasing. it's that magic half hour around 5:30. coming up, we'll take a live look at the other majors throughout the area and a look at the lehigh valley. >> right now at 5:26 we're following breaking news. this just in from feltonville where a telephone pole is on fire. this is a live picture from the scene. the pole is about 15 feet in the air.the fire department and peco are both responding to that fire. >>> nbc 10's jesse gary

now, ken feinberg who's overseeing the company's compensation fund will have full authority to establishiteria for eligibility. barra testified in april but was unable to answer many of their questions and promised to return when gm's internal investigation into the recall was more complete. we'll be watching her testimony carefully. back to you. >> we sure will be. jackie deangelis with cbs, th - cnbc, thanks. >>> there's a live look outside. mainly clear skies with a slight chance of thunderstorms, too. we'll talk about when that will happen, coming up. >>> 422, both directions between oaks and route 202, a 7-minute trip. this is a live look right now at philadelphia international airport, you're seeing on your screen it's looking good. most of the majors are in the clear. >> hot, humid air is moving into the area. t. is vital to keep cool during this dangerous heat. katy zachry is live in camden to explain. >> camden county leaders are worried about the heat. it's promised them to issue a heat alert. coming up, i'll tell you what that means and where you can find relief. vai? >> a lit

ken feinberg, the compensation expert is expected to outline details as soon as this next week. we can be sure all of these cases are far from over and it seems like the details are just now emerging for the victim compensation fund. back to you. >> courtney reagan with cnbc. thanks. >>> we know there are a lot of great nonprofit groups in the area. we have a grant challenge for nonprofits called 21st century solutions. a $50,000 grant is available, also two $25,000 grants. we want to help good ideas become great ones. we're taking your applications until august 8th. for more information on how this works and to apply, go to nbc10.com. >>> now your nbc 10 first alert weather. >> a steamy start this morning. clouds have moved in overnight. we're starting 0 of with low clouds. you won't need your umbrella this morning. this afternoon, a different story. there's a live cloudy view of center city. 73 muggy degrees at 5:23. >>> good morning, bill. this is a live look at 95 at cottman avenue. it's looking pretty good in both directions. no delays just yet. that will change later in th

and ken feinberg, the man gm has hired to determine a compensation plan for victims and families, saysut on august 1st. jeff glor, cbs news, detroit. >>> well, still to come, revelations from hillary clinton's new book. and in sports, lebron james limps off as the spurs ice down the miami heat in game one of the nba finals. limps off as the spurs ice down the miami heat in game one of the nba finals. or the delicious bacon ranch. served with fries and your choice of soup or salad. chili's lunch combos starting at 6 bucks. they weren't looking at me. ♪ i can't believe i still have acne at my age. i feel like it's my acne they see...not me. [ female announcer ] acne is a medical condition that can happen at any age. fortunately, a dermatologist can prescribe aczone® (dapsone) gel... fda approved for the topical treatment of acne, and proven in clinical studies with people 12 years and older. talk to your doctor about any medical conditions you have, including g6pd deficiency, and any medications you are using. use of benzoyl peroxide with aczone® gel may cause your skin to temporarily tu

they tapped the former czar ken feinberg to manage the fund.ethey have delegated to full discretion to a value eight each individual claim and make a determination and pay the claims that are eligible. ast program should take in gm has demanded around august 1. theoining us now is managing partner at hagan berman law firm in seattle. he was a plaintiff attorney in the toyota recall case. he has won record settlements a big big -- against big oil and big tobacco. this is all speculation right now. in your view, could it be, we are talking almost 3 million , couldn't this become an astronomical number and that gm is going to have to pay? >> based on my experience in the toyota case, i think this will equal or exceed the toyota case. there recovered $1.6 billion. it is going to be higher. >> it sounds that way. me throughim a walk the toyota case is the same and also a little bit different than what is going on at gm. >> it is very similar. you just did a segment on "game of thrones." i would call these the game of concealment. the carstories, com

and we're expecting details on ken feinberg's compensation plan as early as next week. >> alfonsi: all right, thanks, jeff glor tonight from washington. summer doesn't start until saturday, but today much of the east baked in extreme heat. in in philadelphia, schools let students go home early as temperatures soared into the mid-90s. the humidity made it feerl even hotter. some cooled off in water parks. upper 80s and 90s were the norm in half of the country. after weeks of asking, journalistes were finally allowed access to a u.s. border patrol facility where hundreds of foreign children are being held. since last year, 47,000 children, mostly from central america, have entered the united states illegally without their parents. vicente arenas has reported extensively on this. he has a look tonight at the facility in brownsville, texas. >> reporter: there are nearly 500 kids crammed into this border patrol facility. it was designed to hold only half that number. many are children who crossed the border into texas alone. reporters allowed inside today had to agree not to speak to the ch

by the way, gm has retained ken feinberg to determine if the number of fatalities linked with the defects rises over the next couple of months. he'll be doing that as he sets forth the criteria for a victim compensation fund. that should be in place by august 1st. once that fund has been established, general motors will have a better sense of exactly how many people were killed or injured due to faulty ignition switches. in warren, michigan, phil lebeau, "nightly business report." >>> so could general motors be charged with murder? that's the provocative headline that was posted today. the author is ben guyer, and he's with us now. so ben, answer the question to your headline. could gm face murder charges? >> well, no, but they could in theory be charged with manslaughter. >> what would have to take place for that company to be charged with manslaughter, which, of course, bp pleaded guilty to after the deepwater horizon explosion back a few years ago? what has to take place? >> so basically for them to be charged with manslaughter, you have to find that someone at the company took an acti

all this as ken feinberg who is overseeing the fund for the victims of ignition recall linked to at least 13 deaths announced there will be no cap to compensating the families. >> g.m. basically has said whatever it costs to pay all eligible claims under the protocol, they will pay it. >> reporter: still tonight a long road ahead for g.m. the car maker facing a criminal investigation by the federal government and a new civil lawsuit filed just this afternoon accusing g.m. of intentionally concealing defects and putting human lives at risk in order to boost the bottom line. this is far from over. >>> now to washington to a fiery message from president obama involving immigration reform. republicans firing back and we have reported here on the surge of young immigrants, children, crossing into the u.s. from mexico, often without their parents. today the president spoke directly to the american people but he also put congress on notice, saying if you don't vote on immigration reform, he will take executive action instead. jim avila just back from the border and we wanted to know how much pow

ken feinberg says his compensation plan for victims' families will be out by august 1. maurice. >> dubois: jeff glor in detroit tonight. in brussels today, president obama had to answer more questions about the controversy that's followed him to europe-- his decision to release five high-level members of the taliban in exchange for u.s. army sergeant bowe bergdahl. we have reports tonight from bill plante in paris, david martin at the pentagon, and holly williams in qatar. first, bill plante with the president. bill. >> reporter: maurice, earlier today in brussels, the president doubled down in defense of his decision to swap taliban prisoners for sergeant bowe bergdahl without telling congress. >> we had a prisoner of war whose health had deteriorated, and we were deeply concerned about, and we saw an opportunity, and we seized it. and i make no apologies for that. >> reporter: bergdahl's health was the administration's initial reason for expediting the mission and not telling congress but when angry senators were briefed yesterday they were also told that the white ho