bring in ken feinberg.ounced the first statistics if you will in terms of the number of claims that have been filed and those that you've looked at that you've deemed as eligible. let's look at these numbers right now. people will find this interesting. a total of 445 claims have been filed since you opened up on august 1 for submissions. but so far, you've only determined that 31 are eligible. let's clarify. you're not saying the other ones are ineligible. they're still in process, right? >> that's exactly right. we've received these claims. some of them are woefully inadequate, no documentation, no signatures, no correct addresses. we're not rejecting the claims. we're finding 31 will eligible and the remainder are currently being processed and working with the claimant to firm up those claims. >> what's interesting, if we look at the numbers again, 19 of the death cases you've determined these are eligible for payments for the longest time, general motors said 13 deaths. i mean they stuck to that like it

beau, thank you very much. >>> ken feinberg always said that gm wasn't deciding these faulty ignition ken cuts to the chase here and only here after this. i don't know if you've ever taken the time to learn a little tiny bit of somebody else's native tongue? that opens up the doors to trust. my name is kanyon. i'm a technician here in portland oregon. every morning, i give each one of my customers a call to give them a closer eta. and when i called this customer, i discovered that he was deaf. then i thought of amanda. i've known american sign language since i was about 8 years old. it's like music for your eyes. and i thought that was an amazing gift to have, to be able to communicate with the deaf. my friend kanyon asked me to help him explain how today's appointment will go. he was nodding his head and giggling a little bit. i earned his trust that day, i guess. . . ♪ou got to know when to hold'em. ♪ ♪ know when to fold 'em. ♪ know when to walk away. ♪ know when to run. ♪ you never count your money, ♪ when you're sitting at the ta...♪ what? you get it? i get the gist, yeah. geico.

the new number came from ken feinberg, who is in charge of gm's victims compensation fund. he's received a total of 125 death claims. some are still being evaluated, so the death toll is expected to grow. here's jeff glor. >> reporter: in 2006, 18-year- old natasha weigel was killed inside a chevy cobalt inside rural wisconsin. g.m. had not linked her death to a defective ignition switch until today, when ken feinberg released his first report. ken rimer is natasha's stepfather. >> it's not closure for us, but it's a step in the right direction. >> g.m.'s faulty switch, which we first reported on in >>bruary, can cause engines to suddenly shut off, disabling air bags and other safety features. gm first detected a problem during testing in 1999. they were still put in cars starting in 2002. despite complaints, accidents and deaths, the recalls didn't begin until 2014, 12 years later. until just a few months ago, gm insisted the number of deaths linked to the defects was only 13. bob hilliard represents many of the victims. >> i think g.m.'s intent on framing the conversation

that's the way we want it. >> ken feinberg expects the first claim payments to go out in the next 30 to 45 days with many payments being for several million dollars. when the gm compensation fund stops taking applications at the end of this year gm could wind up paying more than a half billion dollars to those injured or killed in defective gm cars. phil lebeau, nightly business report, washington. >>> detroit's bankruptcy trials resume today after the city reached a settlement with a major creditor last week putting the case on hold since wednesday. so far the costs of the historic bankruptcy has reached $126 million and counting. already surpassing the amount paid by general motors and chrysler at their trials. advisers have totalled 28 million and detroit's leading law firm has already billed the city $47 million. but many states are in a financial squeeze. according to a report released today from standard & poor's income inequality is taking a toll on state governments. the widening gap between what wealthy americans earned and people getting lower wages is reducing state revenu

>> well, ken feinberg is right. the value is black and white. there is amount for loss of life and calculation for the lost earning potential of the individual. so it is very case specific. for example, if you have a 20 year old who passed away in a chevy cobalt. we know how much that 20 year old would make over the course of his or her working life generally. if you have someone who has higher education, for example, one of my clients was just graduating from law school and already had accepted a job with a law firm. so we know her income at the start of her career was very high. and after her death we also know her loss over the course of her life is in the millions of dollars. the calculations are all knowable but are very individualized for each specific case. yo ahave to look at each case and show the client the calculation and give them the risks and the benefits of whether they should accept the award. >> understood. thank you very much for your expertise. thank you. >> you're welcome. >> let's have a quick market flash. >> check out shar

and already, ken feinberg said it's 19 and it will go higher. >> all right.he families involved here but we appreciate you bringing the latest from d.c. >>> we have about ten minutes before the closing bell. the dow still in positive territory. the s&p roughly unchanged at this hour. >>> mean whitime as we know, ala shares trade right behinds here and even -- on friday. but even if you cannot get shares, at the ipo, everybody must be thinking some exchange traded fund will be able to have those shares you can buy into, right? well, no. that's not the case. our jeff cox explains why coming up here on "the closing bell." opinions. there's no shortage in this world. who do you trust? whose analysis is accurate? how do you make sense of it all? a simple, unbiased stock score consolidated from the opinions of independent analysts... is that too much to ask? nope. equity summary score, powered by starmine, will help you execute your ideas with speed and conviction. and it's only on fidelity.com. open an account and find more of the expertise you need to be a better

ken feinberg, thanks for being with us tonight. >> nice to be here. gerri: we have 19 death claims and well over 100 folks making those claims so far. do you expect the total fatality tally, to rise? >> of course it is going to rise. we've got 19 already, and we have got over 100 in the queue, with claims coming in every day. it is going to rise. how much it rises pure speculation. we have got to examine each claim. merely filing a claim is no guaranty that you're going to be able to be compensated but that is the first step. gerri: first step, of course, gm famously said the number would be something like 13. clearly you're already ahead of that. your investigation is preceding through the end of the year. how can the numbers be so different, what you're finding and what gm claimed? >> gm had a very different test. i must say, gm asked its engineers, do you know for certain, is it definitive that the switch caused the accident? and the engineers said we know of 13. our standard, much more lenient, was the, does the circumstance evidence demonstrate i

ken feinberg, via demonstrator of general motors ignition compensation facility. k you so much, ken, for joining us on "in the loop." coming up, jim millstein weighs 's legacy.enmosche he is one of the people who recruited benmosche directly to run aig. and the second-biggest ipo of the year behind alibaba, a look at the citigroup -- at the citizens financial group. stay "in the loop." ♪ >> as part of my upcoming "titans at the table" primetime special airing tomorrow night at 9:00 p.m., we focus on former aig ceo bob benmosche, who just stepped down this month. his five-year tenure at the company starts with calls begging him to take this job. one call came in particular from jim millstein, the former chief restructuring officer at the u.s. treasury. hear what benmosche had to say about their relationship. >> i think people should recognize that people did a great job. they did a great job under the i justf conditions, and think that for you to start off by just taking on him and you do not even know you are picking on -- , do youo this day believe any of them fee

ken feinberg, a tough task ahead for him.l months away from the end of this eligible claims. . period.s >> breaking news this morning on the death toll in the gm recalls related to ignition switches. thank you. >> this is a good time to introduce our guest host for the hour. you might remember him as the policy director for the ann romney presidential campaign in 2012. a fellow at the hoover institution at stanford university, also a bloomberg review columnist, confirmed by the senate as a member of the social security advisory board. >> great to be here. >> we have a fun hour ahead. let's begin with what else? all it takes. the senate in november, i am sure that you channel that optimism. i am here to challenge it. what could go wrong? be concern going to here. we have a couple of states that are competitive. north carolina and iowa, where republicans are looking to be outspent unless we can get more money on line here. fortunately they will be able to uncover some of that disadvantage. but money is one of the issues we're l

spill and who was not. >> ken feinberg: one fellow down in alabama said to me, when i asked him for he said, "mr. feinberg, we do things with a handshake down here." i said, "that's fine, but a handshake won't get you compensation." >> pelley: why is it so important to hold everyone to that standard of proof? >> feinberg: because there'll be another catastrophe, and a catastrophe after that. what happens the next time, in terms of a company's willingness to do something similar? >> pelley: feinberg has long experience. he ran the compensation program for victims of 9/11. in the bp disaster, he told us there were often two kinds of applicants, the deserving and the devious. what was the most outrageous claim you got? >> feinberg: i think there was a fellow in oslo, norway, if i remember correctly, who slipped on the ice while he was filing a claim and sought damages for a broken leg. >> pelley: people saw money and they tried to get it. >> feinberg: human nature-- goes with the territory. i think that if you had any type of compensation program anywhere, you get a fair number of peop

ken feinberg says they did not. not know yet. we do not know what the final fatality numbers are going to be. we do know -- there is a number that has been fixed in people's minds of 13. that is how many fatalities jm -- gm has consistently listed with this defect. we already know today that number is higher. feinberg says he has gotten 125 claims for fatalities. he has already validated 19 of those. is going up. we know it is going to be higher still. we are only a month and a half into this for months program -- four-month program where they are accepting claims. we do not know how high it is going to go. >> taste on your experience dealing with gm, are they being forthright? do you feel you are getting the information to offer investors and the public details about the ongoing investigation? well, on this particular defect, i do think they have , forunusually forthright auto safety cases. they have really fallen on their swords. they have come to washington for times -- four times. they have shared a lot of information with th

according to attorney ken feinberg who's overseeing the victims compensation fund.einberg has received 445 total claims so far. 125 for deaths. 58 for life altering injuries including paralysis or amputation, and 262 for serious injuries. >> pennsylvania lawmakers are expected to vote soon on a bill called hannah's law. it's named after a little girl in buck county. tonight three on your side health reporter stephanie stahl has more on how it could change a routine test. >> i love you to the moon and back. >> hannah is almost two years old and adored baby who can't move, eat or communicate. >> she just lays there. and sleeps. >> it had been so different when she was born big and health they adorable. >> i was playing dress up with her. >> when she was fours old she became irritable and had trouble swallowing he was diagnosed chris crabby disease. it's a rare degenerative disorder that's deadly. >> horrible. it's sad. wasn't supposed to be like this. >> i should be chasing her around. >> vicky says krabbe had had been include in the heel prick screening test all babi

attorney ken feinberg will announce how many deaths and injuries he has tied to gm's faulty ignition said there are 13 deaths and 54 accidents, but many including the national highway transportation safety administration believe those numbers are much higher. >>> if you're looking for the bigger iphone 6 plus, apple says you're going to have to wait about a month. but the regular 4.7 inch iphone 6 is still available this friday. >>> sarah jessica parker and husband matthew broaddrick are selling their townhouse, only $22 million for that thing you see there. the place is just 25 feet wide, but, boy, is it tall. it has seven fireplaces and five floors. it is 5800 square feet. probably not going to have the clothes or the shoes. meet the guy who earned $11.5 million on one day. plus, an injury riddled week two in the nfl. and the sunday night comeback to tell you about. sports is next. trublend has the perfect blend for each of us covergirl p!nk blend of rockstar and mama bear her trublend... light 4 janelle blend of punk and funk deep 6 sofia comedienne and colombiana medium 6 there's

ken feinberg said down with our yang yang from washington. >> all right, mark crumpton, we will see youop of the hour. best known for his iconic role as mr. sulu on "star trek" george takei is known for his social media presence and his work advocating for gay rights. "to be takei" gives a behind the scenes look at the actor from his childhood in a japanese internment cap to his work on the "star trek" series. with thewn to talk actor. we started by talking about his huge social media following. take a listen. >> the reason i started with social media is to bring attention to this musical we develop. first we had to raise the awareness of that dark chapter of american history, and then to let them know we have a musical of it, and then to develop that into of people enthusiastic potential ticket buyers. the best way to do that is through social media. >> you have a particular voice -- firstly, this wonderful baritone voice in real life, but a particular voice in social media. it is both informative, sarcastic, smart. it is really right for the medium and i wonder how that has grown on y

as for the victim compensation fund run by attorney ken feinberg, she has not talked to ken feinberg since the fund was set up. >> i talked to ken at different points as we were going through and accomplishing the protocol. since the protocol, i have not talked to ken. he's running an independent process and that's the way we want it. i have utmost respect for ken and how he's doing the project, but there's a clear separation. >> reporter: by the way, the first awards from the first victims compensation fund we expect to come out within the next couple of weeks. ken feinberg started taking applications, if you will, or submissions from victims' families. back on august 1st, that is. so they expect to have those in the next couple of weeks as we look at shares of gem motors. connectivity is coming to the automobiles. next hour, you do not want to miss a "squawk box" exclusive sitting down with the chairman of the ford motor company, bill ford, as he talks to us about his vision for the autonomous vehicles. some of the technology is already here, but the question is how quickly we see

. >> torn ken feinberg has received 445 claims. he reports that 31 are eligible for compensation. of those, 19 are for deaths. that figure is higher than the 13 deaths g.m. initially linked to the faulty ignition switch defect that led to the massive recall and congressional hearings. since the fund is accepting claims until december 31, that number is expected to rise. feinberg did not identify the victims or offer details about their claims, but families who have lost loved ones will receive at least $1 million. feinberg talked the difficulty investigating some of these claims. >> the age of the accidents, you see here, where we are constructing accidents that occurred 10 years ago, but the car's gone, the black box data is missing, and we have to use circumstantial evidence, photos, police reports, to reconstruct the accident to show likelihood the ignition switch. >> i reached out to the center for auto safety. it called the report disturbing, because the number of death claims right now is 50% higher than originally revealed by g.m. g.m. released a statement saying we have pr

six weeks ago, accepting applications, attorney ken feinberg received 445 claims. he reports that 31 are eligible for compensation, of those 19 are for deaths. that figure is higher than the 13 deaths g.m. initially linked to the faultily ignition switch, leading to the massive recall and congressional hearing. since the fund is accepting claims until december 31st, that number is expected to rise. feinberg did not identify the victims or offer details about the claims, but families who lost loved ones receive 1 million. i reached out today to the centre for autosafety, and it called the report disturbing, because the number of death claims is 50% higher than originally revealed by general motors. g.m. released a statement saying: the autojot maker is at the center of several federal investigations and imagine that the compensation fund will cost them anywhere between $500-$600 million. >> that sound you hear is the other shoe dropping. bisi onile-ere, good to see you in new york. >>> coming up, microsoft spending more than $2 million to snatch up the game "minecra

that's according to ken feinberg, the attorney hired.id more than a dozen of people were hurt in those crashes but he's still evaluating the claims. gm has recalled 26 million cars and trucks in this year. >>> police say two sky divers died when they fell on to a garage in cape cod last night. the two men were jumping in tandem and apparently had a problem with their >>> look at this, a fire broke out in a ferry, this is in northern france. you can see thick black smoke in the air. the ferry operator reported that automatic sprinklers put out the fire and no one was hurt. no word on how it was started. g to relieve my pain and protect my joints from further damage. doctors have been prescribing humira for ten years. humira works by targeting and helping to block a specific source of inflammation that contributes to ra symptoms. it's proven to help relieve pain and stop further joint damage in many adults. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections and cancers, including

ken feinberg hired by gm to handle their compensation investigation, says so far, he's received 125 deathue to faulty switches in older gm models. gm has admitted knowing about the ignition switch problem for more than ten years. but the company didn't begin recalling ignition switches in more than 2 million vehicles until earlier this year. >> now your nbc 10 first alert weather with meteorologist sheena parveen. >> well, a beautiful day today felt a lot like fall. we had a cool start to the morning and we're continuing with the below average temperatures through the afternoon.ç still really nice outside but come tomorrow morning we'll be tracking showers, moving through. for the morning commute, compared to today, it's going to be very different. we'll be dealing with rain around the area. but after the rain moves through, the fall weather is still staying. we're not going to get hot this week. we'll stay on the cooler side. temperatures will be below average, too. we'll have a nice dry stretch of weather. really we have to get through tomorrow morning's rain. it looks good going all t

according to the head of the compensation fund, ken feinberg, he says he received 153 death claims sinceose he deemed 23 eligible so far. that is up from 21 last week. claims are being accepted through december 31st. we'll continue to update you on that story. >>> coming up next, the faa is warning it could take weeks, weeks for things to get back to normal after friday's chicago sabotage. we'll have a live report on that. >>> massive protest underway in hong kong, roiling international markets. how will wall street reacting? we're looking out for you and your money next. ♪ (vo) rush hour around here starts at 6:30 a.m. - on the nose. but for me, it starts with the opening bell. and the rush i get, lasts way more than an hour. (announcer) at scottrade, we share your passion for trading. that's why we've built powerful technology to alert you to your next opportunity. because at scottrade, our passion is to power yours. 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

they make offers to a number of victims deemed eligible claims by ken feinberg.earned that the first family to receive an offer for a settlement has decided it will accept that offer. i just talked with mar ji bescow, the mother of a 15-year-old and amy was killed in 2006 in a 2005 chevy cobalt in an accident in wisconsin. she has decided that she will be taking the settlement offer from general motors and not said what the offer was. i asked if it's fair? he said yes and no. no amount of money can bring amy back but i'm ready to be done with this and talked with margie's attorney and he said to his knowledge this is the first settlement offer that has been accepted from the gm compensation fund. guys, that's a news alert on the gm victim compensation fund. back to you. >> thank you very much. the stock of gm currently at $33.03, down by about 1.8%. >>> it is time to reveal today's mystery chart. it's doubled since may 2012 which was also a debut as a public company at 38. yep, facebook. trading lower today and earlier the stock hit an all-time high. upping the t

the next on the show, the man behind the gm compensation fund, ken feinberg.rising. >>> wait until you see what a rental car company could be charging you. >>> reluctant role but one of many we're forced to take. we'll have advice becoming a family care-giver without breaking the bank. "the willis report" where consumers are our business starts right now. gerri: the gm death to rising

there also was a belief that ken feinberg, that the actual litigation would be going -- obviously thisuse you only talk about money and death. but it doesn't matter. mary barra is widely perceived as someone who is just floating out there versus what other companies are doing. >> we will watch starbucks today, buying out part of its japanese affiliate that it doesn't already own. $900 million deal. >> this is very important. starbucks' stock has been one downhill trend in large part because people think it's all about coffee. how many times does howaschultze to say it's not our first coffee rodeo? it allows you to pay up to 30 times earnings. right now it's stuck a little lower than that. >> want to go back to the story we brought you at the top of the show. interestingly, valeant is up the most on a pre-release of its third-quarter numbers, which will be reported in full on the 20th of october. in a response to -- in a back and forth, they sent a letter to allergan extending an olive branch. got a letter back saying is no, thank you. then got a letter back saying you've been questioni

. >> ken feinberg's office has announced the first round of claims that have been submitted tied with he have received 445 claims, filed since august 1st. of those 125 related to

attorney ken feinberg, who is administratoring gm's compensation fund says he expects to number to gocases are reviewed. gm recall more than two and a half million cars because of the flawed switches. >>> days before scotland votes on an independent referendum, prime minister david cameron making a plea for unity. leaders of britain's three main political parties pledge to grant scotland extensive new powers if it votes to stay in the uk. voter registrations have increased by 8% ahead of the referendum. >>> all eyes will be watching the vote, very intriguing. >> i know the ebola story is kind of getting the this is the story we have to follow that we're not following as much. that story has huge implications for the uk and the european community. did i say huge enough? >> huge. >> thank you very much. also huge things going on in politics. >> strong segue. time for inside politics on "new day" with jon king. >> 49 days from a big election here or maybe we would take the inside politics team and go over to scotland and watch that one. michaela, chris, kate, good morning to you. let's f