and they hired kenneth fineberg to find out the price on a life in a process where bankers receive moreiters based on earning potential and paid millions by bp to settle things following the deep water horizon disaster among much criticism he was shieldingly the oil company and they acknowledge 13 deaths and 47 injuries that cut the power and disabled the airbags and it shows 309 deaths due to airbags not deploying with 229 injured and it's not clear if fineberg will limit it to airbag deployment and include loss of control due to power steering and brake assist failure and it would increase the number of claimants and economic loss of millions of the recalled cars but they are not troubled and a fraction of gm reserve funds of $33 billion will be used and prospect of department of justice fine is slugged off spent billions by the company to rescue the company. >> and politics for saving the company and they will not damage it because it doesn't make sense. >> they hope they will accept a quick pay out and saying it's not legally liable for incidents that occurred before the restructuri

kenneth fineberg will announce the terms of the plan in washington and says he will have an open wallet on the exact amount but we will get further information as they unfold. there won't be any cap on payments to victims. it has caused 50 more crashes and more than 15 deaths. the death toll could go into the millions of dollars if not billions of dollars. the 9-11 attack and bp oil spill. >> back to you. >> thanks, lori. >> 47 minutes after the top of the hour. instant karma for a guy on a motorcycle with serious road rage. >> days afteral harrowing escape this woman making a different harrowing plunge. steve doocy has more coming up on "fox & friends." >> good morning. on fox and friends the president nominates a former fortune 500 ceo and veteran as well. the embattled va. we are going to tell you all about him. exactly who is he? we have all of the details. also big labor in nobody care could take major hits when the supreme court rules on those two things. later on today we will explain. donald trump is going to join us live. plus a 2-year-old uses suri on an iphone to save her mot

kenneth fineberg is in charge of the plan.plans for the 9/1 9/11 victims. the experts think that the number is higher. g.m. admits that it knew about the problem a decade ago. it started to recall cars just this year. >>> it's friday. we made it. and going live with matt pelman. hello matt. >> we are going to make it home. i tell you brian and shirleen, when i spoke to everyone, at 9:00 this morning the ramp was blocked because of an overturned tractor-trailer. it remained blocked until 15 minutes ago when they finally re-opened the ramps. you are back in business. you can get on the southbound on the westbound side the schuylkill. it's a 44 minute ride. that should be 18 minutes. it's heavy villanova. the northbound side is locked up from the schuylkill to the mid-county tolls. it joins up up with the turnpike. due to another overturned truck on the eastbound turnpike on fort washington. you can squeeze by t. they plan to remove that truck after the rush-hour. the earlier block, eastbound sides are at the crawl. 202 into cent

. >> kenneth fineberg who handled the general motors and bp compensation funds says he alone will decide how much each person will get. gm has linked 13 deaths to faulty ignition switches. trial lawyers say there could be hundreds of claims of injuries and wrongful deaths. >>> so stocks were mixed today. the dow and the s&p 500 lost ground. this is also the halfway point on the trading calendar year. did you know that? well jen rogers knows that, and a bunch more. she's in for ali velshi. how are the markets looking the first half 2014? >> you know it's almost july. hello. it was hampered a lot by the cold winter but when all is said and done it has been a good first half of the year. for americans who invest in the stock market of which there are a lot the s&p 500 index, it often mimics the hold beings that americans have in their retirement and 401(k), the dow jones is up, four years running so we're going to take it. >> how are the other sort of broader financial markets faring at this point of the year? >> that's what's interesting, everything is up. u.s. corporate bonds are up, comm

. >> kenneth fineberg is in charge of this particular fund. says he alone, not gm will decide how much each person gets. gm has linked 13 deaths to faulty ignition switches. >>> the taliban has secured a foothold in the southern afghanistan regional. the test of forces as u.s. ant nato forces leave. jennifer glasse is in kabul. >> it has long been a haven for insurgent, it is the center for opium production. opium production was up in afghanistan this year over last year. this is the first year afghan forces are totally in the lead, especially in southern afghanistan. they fought and lost more than 120 forces in a very difficult summer long battle. this fight has been going on more than ten days. the afghan officials are saying at least 28 people have been killed. 28 afghan forces have been killed. many people have fled the area because of the fighting. the afghan military says tha thy have beaten them back but the taliban say they have a foothold there. this is a test of forces, as nadir intends to pull the forces out at the end of 2014. not

. >> kenneth fineberg is the attorney hired to run the company's victim compensation program. >> money is a pretty poor sub tooth for loss. >> and, 20 or 50 million. pretty poor substitute. >> reporter: possible pay outs involving death and injury, relating to faulty ignition with the depend on the victim's age, and family fund. >> a 25 year-old, married, two children, earning $46,000 a year, four million-dollar. >> reporter: only those injured or killed, because of faulty switches are eligible. the claim must prove that the switch caused the crash, in a car where the air bag did not deploy. and, laura christian and other victim families attended the news conference. >> it was quite frankly really difficult, to hear, you know, like amber being reduced to a dollar amount. >> reporter: gmc owner mary barro addressed the families in a statement saying we are taking responsibility by what has happened by treating them with compassion, decency and fairness. there is no cap on the amount of money gm will spend involving the the faulty ignition switch settlement. victims will not be able to s

kenneth fineberg, of the 9/11 victims fund, bp oil spill.es in line with what we were expecting? >> he gave examples. if someone's younger and they died, their potential earnings were much higher. if they were severely injured, a child, gave a range of $2.2 million to $7 million they could get. they have to prove the approximate cause is the ignition switch. gm said there is no cap. they will pay out whatever he determines. gm has no say in that, they have to pay what he determines. also, they're not counting contributory negligence if someone was speeding, texting -- >> i see -- >> he which be the judge and jury, the final arbiter. i want you to listen to this. we sat down for an extensive interview. what he talked about in terms of how on earth you really value a life. >> i guarantee you, as sure as anything, based on experience, there will be many, many claimants who will say, but is it enough? how can money ever be enough if you've lost a love one or a quadriplegic or permanent brain injury? money is a pretty poor substitute, i must say,

. >> later today, an attorney kenneth fineberg will announce the details of a new compensation funds victims of the g.m. deadly ignition switch problem. the company hopes the program will be the final word on settlements with crash victims and their families. >> there's no reason that only two weeks after he died i got the first recall. they knew about it. >> the stories of loss have been broadcast nationally. >> g.m. needs to be held accountable for their actions. >> now g.m. says it will make amends, it's hired kenneth feinberg to decide on the price of a life. he sorted the claims with the 9/11 victims in a process that saw bankers earn more than waiters on earnings potential and was hired by b.p. to settle things after the deep water horizon disaster. accidents cut the vehicle's power and disabled airbags. independent audits of federal data show 309 deaths due to air bags not deploying with another 229 injured. it's not clear if he will limit liability to air bag deployment or include loss of control due to power steering and brake failure. that would hugely increase the number o

as we discussed last time, we've engaged kenneth fineberg to review options for establishing a compensation program and the process is moving rapidly. mr. eligibility criteria for victims and to determine the compensation levels. he has indicated he will share his final criteria with us by the end of this month, and we expect to begin processing claims by august 1st. we've created a new position of vice president of global vehicle safety and appointed jeff boyer, who's a highly respected expert in the field, to this position. i have personally told jeff that he will have whatever resources he needs to do the job, and he has many already. in fact, we've also named a senior attorney to support him and to facilitate rapid information sharing across the organization. in addition, we've added 35 safety investigators that are already allowing us to identify and address safety issues much more quickly. and, finally, we've instituted a speak up for safety program, encouraging employees to report potential safety issues quickly, and we are recognizing them when they do so. this is more than a campai

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