Vehicles were related to hundreds of air bag related deaths. Peter barnes joins us with the latest developments. A watchdog group, that data shows 303 people died after air bags failed to deploy and accidents involving these two models, the cult and the i on over ten year period gm has recalled the one. 6 million of those cars and five other models ticos when the ignition switch is jostled orr the key ring carries extra weight the ignition could switch off and when that happens airbags do not work. Gee en is flashing a yellow warning light about the centers report and dennis statement it says, quote, without rigorous analysis it is pure speculation to attempt to draw any meaningful conclusions pleasing contrast research is underway at gm and the investigation of the ignition switch, the impact of the switch is on going. New documents gm submitted to the national Highway Traffic Safety Administration showed gm could have been aware of these problems as far back as 2001. Ntsa has launched a major investigation, the center for investigations as they screwed up and looked into these cobalt crashes where the air bags did not be polite but its results were inconclusive and did not warrant opening a formal investigation. The center disputes that. Gm stock was up slightly after falling 10 on this news this week. Adam thank you very much. Cheryl the third gm is hoping its 2009 bankruptcy deal might give it immunity against illegal claims to its ignition switch recall, but theres no chance of that. Commercial litigation attorney ellen kline is joining us. You say gm is liable and they should be held responsible. Is the law on your side . We have different components of that. Whether or not they are liable for injuries that arise after this ignition switch, recall or defect which plainly it can be proved they were responsible they would be and then we have are they liable in light of the bankruptcy and how does Bankruptcy Court in the 2009 bankruptcy play into this . Is the key component when we analyze how the bankruptcy is going to play in to gms liability is the evidence that suggests they may have known about this problem in 2004 and covered it up. Dont know if that has been shown conclusively but if it can be, people who before 2009, the old gm customers who were deprived of the opportunity to investigate or be aware of the fact that there was an ignition problem that could get gm on the hook as the judgment creditor and the ability to join in to the bankruptcy proceedings as us and creditors may come back and say you perpetrated a fraud on me. I shouldnt be foreclosed for now seeking my relief because you kept the information purposefully. Adam a lot of possibilities and may bes but gm stock going up because most likely that wouldnt happen in even if it did the amount of recovery for those people would be minimal since the gm responsible for the alleged coverup no longer exists. A lot of possibilities describe the legal system. The company doesnt exist for which you would recover. The new company has nothing to do with the old company. How do you ever get money . Its assets, the assets of the company that created these cars and possibly covered up, all of the personnel are still with the new gm. Was restricted and went to a bankruptcy process but the assets and presumably any residual profits from having made those cars is still with the new gm entity. Lets not forget we learned all this this week. The new entity which presumably has my of the same people, engineers, etc. Continued and information continued to not disclose this and as a consequence they will have incurred post 2009 liabilities after the bankruptcy. Cheryl lets talk about how these lawsuits could be structured . We are expecting a slew of losses as people start to realize that accident i had in 2004, my gm car, that happened to me. I am going to get a lawyer. You say this could end a multi district litigation and this would be where all the bosses across the country are put in consolidated pool. Explain what that would mean to gm if they try to defend themselves against this. Generally speaking, you recall this from the Ford Firestone rollover in the 2,000s. If there are a lot of cases that revolve around the same product defect, an automotive the effect, but they all involve different damages, some people may have been killed, some badly injured, some suffered some minor damages, theyre not a class because their damages are so disparate but they all have damages based on the same wrongful conduct or product defect. What the federal courts will sometimes do is pull all that together just for discovery purposes in what is called multi district litigation where the court will preside over depositions and discovery of information for all of these cases with some lead lawyers appointed to do it and after liability is or is not established they would go back to their home districts for adjudication on damages, that saves gm and ford 10, 14 years ago repeated the position. Adam should investors keeping an eye on expenditure from gm to settle these future cases keep in mind one of the problems is there would be insurance benefit is shown that fraud took place and there was a coverup the insurance would not cover gm, that would come out of the company itself which would investors . I would be hesitant to give any Investment Advice generally more specifically to is this. First of all we dont know conclusively what gm knew and when they knew it and if they covered it up. We dont know what the insurance policies say with respect to what the coverage would be so at this point with the information we have is too early to say anything conclusive. Cheryl if you were defending gm, what would concern you more . Punitive damages we are expecting or the government investigation that is underway right now . A government investigation is always more concerning that everything because the government has free rein to do anything. Government investigation, criminal investigation by congress if i represent gm, certainly the greatest concern that i would have and i would be telling my clients that is where you focus your attention. Cheryl it will be a long road for this company. We focus our attention to the Malaysian Airlines flight 370 mystery, the jetliner has been missing almost the weekend investigators are expanding not only their search but their theories regarding what actually might have happened. We are joined by Ashley Webster. Ashley nearly one week since Malaysia Flight 370 literally vanished. Speculation is intensifying. The plane might have been hijacked by a person or people with aviation skills, still no sign of the aircraft and a report from reuters based on analysis of radar data suggests the plane wasnt just blindly flying northwest from malaysia but was deliberately diverted citing unidentified sources the reuters story says whoever was piloting the vanished jet was following navigational wave points that would have taken the plane west toward the indian ocean. Those islands owned by india. They have seen no sign of any plane but this is just another theory being suggested and as to the claim the jet flew and other four hours after it dropped off radar, investigators take a close look at the aircrafts two pilots, a 53 mack family man, the other twentyseventhy contemplating marriage who had just graduated to the cockpit of the boeing 777. Police are also looking at the psychological background of the pilots, their family life, their connections but there is no evidence linking them to any wrongdoing. Malaysian police are also looking at any passengers or other members who may have had personal or psychological problems that might shed some light on the mystery but so far nothing. The hunt for the plane with 239 people on board has been widened west from the gulf of thailand to the indian ocean. Also to the south china sea. Meantime another possible lead, chinese researchers say they reported a, quote, seafloor event in waters around malaysia and vietnam, about an hourandahalf after the missing plane lost content. The event was recorded in an on seismic region 72 miles northwest of the last confirmed location. The reports say they could have been caused by the plane crashing into the water but no confirmation. Just another possibility but again still no sign of flight 370. Adam thanks. Cheryl from a chessboard to a sea of water, that search area. It is incredible. A needle in a haystack. The fact that they still in this day and age cant find a jetliners unbelievable. Cheryl we will focus our attention now to what is happening here at home and that is the markets which have had a really rough week. Lets bring in Nicole Petallides from the stock exchange. Major averages struggling as well, china, expectations downgraded, take your pick of negative news right now. The market has shown some resilience throughout 2014, negative headlines but this week it is some of the pressure. Today is the birthday are seeing a up arrows, the dow is up 6 points but it is an up arrow the rest of the day, the other four trading days we were down and that was on concern not only about the ukraine crisis but primarily china. That was the big story we are continuing to watch. You have several analysts downgrading they gdp and gdp numbers, bank of america, merrill lynch, the initially down to 7. 3 so you see all three of these. 1 jpmorgan as well. Back to you. Adam after four down days on the dow the case for the bear market and how to position yourself to ride out the volatility. Cheryl the man behind the ubiquitous kansas footwear and his new Coffee Business ventures that gives back to those in need. Adam tense situation in ukraine, john kerry comes up short in his negotiations with russia. announcer scottrade knows our clients trade and invest their own way. With scottrades smart text, i can quickly understand my charts, and spend more time trading. Their quick trade bar lets my account follow me online so i can react in realtime. Plus, my local scottrade office is there to help. Because they know i dont trade like everybody. I trade like me. Im with scottrade. announcer ranked highest in Investor Satisfaction with selfdirected services by j. D. Power and associates. Iprise asked people a simple question in retirement, will you outlive your money . Uhhh. No, that cant happen. Thats the thing, you dont know how long it has to last. Everyone has retirement questions. So ameriprise created the exclusive. Confident retirement approach. Now you and your ameripise advisor can get the real answers you need. Well, knowing gives you confidence. Start building your confident retirement today. Cheryl tensions mounting in Eastern Europe ahead of a pivotal recommend them referendum, president s will vote whether to secede from ukraine and become part of russia. John kerry meeting with his russian counterpart in london earlier today in an attempt to head of that measure but the kremlin is making diplomacy difficult, refusing to make any decision until after that vote. The white house firmly does disagree. Rich edson standing by with latest and reaction from officials there. Rich at six our meeting to 21 2 hours longer than they anticipated and it is clear after meeting with john kerry, a survey of the it is Sergei Lavrov says Vladimir Putin as tweeting an end this referendum, the russians wont budge until we are waiting to see what happens on sunday. This as russia continues to amass troops on its border with ukraine, something the kremlin said is part of the military exercise that is supposed to take place over the next several weeks, plenty in the community dont buy that, john kerry was asked as he got many assurances from the russians about the nature of that building . I think all of us would like to see actions, not words, that support the notion that people are moving in the opposite direction and in fact diminishing their presence. In this particular climate given what is happening, we really need to hear more declarative policy. Rich six f16 jets have arrived in poland, more will arrive tomorrow. John kerry said it is not our preference to move to sanctions or any type of action following something russia may do on sunday or after but there may be no choice, president obama speaking before john kerry did. There will be consequences if ukraines sovereignty is violated yet we still dont know what precisely those consequences could be ahead of that allimportant sunday vote. Cheryl a lot of questions will hopefully be answered this weekend or maybe not. Adam global tension and economic worries putting the index on track for its first weekly loss in seven weeks. This rough road will only get worse for investors. Joining us now is chad with Financial Advisor ceo michael chadwick. You say investors are letting themselves be fooled by the market. Is it because of fed policy or Something Else at play . Mainly fed policy. Over the last couple years q e has some lease the animal spirits of investors and they are happy go lucky. Markets are high, everyone great, prices and valuations are stretched by every metric. Adam one thing you are worried about and one reason we refer to u. S. The new burberry is debt levels are simply too high. Consumer debt or talking about debt for companies . I thought everybody was delivered in. That is a process started in 2007 2008. Thanks for cutting credit. And consumers are a little bit better. The last couple months that is starting to go up again inerent better and some words. Student loan debt is at an alltime high, that is problematic. This time what im worried about is government debt. Consumer is okay, corporations are okay, governments are in bad shape across the world. We are in bad shape, all of europe, china, japan, all the developed nations have so much debt they are trying to keep rates down. If rates were left free and this q e nonsense ended how would they avoid the debt they have to play . Adam great question and a lot of us would agree. Is a question that has to be asked but rates are not going up any time soon and china wont 07. 5 . Janet yellen and the gained of rivera at the fomc will probably increase q e, not pull back, dont expect any slowdown in that process. You are right about that. I see no surprise at all if q e goes crazy and the other thing investors are not aware of is the last few times the market got in trouble those in 2007 and in 19992000, the fed was easing. Just playing with the rates but people are complacent today. They think everything is great and the fed and the market and that is the furthest thing from the truth. We are seeing is only going to get worse moving forward until prices come back to reality. In the long haul there are a lot of opportunities. We have to be cautious. Adam how do we protect ourselves . You are a bare. You are expecting a correction. How the white protective i am 20 years from retirement how the wires that how the white protect myself . Take a ride with equity . Depends on the investor. Each person is a separate individual. You can go for the writer put stock losses on your position, reduce equity exposure today, we for a better entry point. Better entry points in the near future. Otherwise if youre comfortable go for it. I particularly am not going to go for that ride. 20012007 were bad times for guys like me and in our business our incomes are based on how much peoples value we dont want to see people come to us looking for help for retirement, college, future. They dont want extreme volatility. They want a smooth, steady ride. That is what we try to deliver. Adam thanks for being with us. Cheryl no one wants of blood bath. Just how much did target know about the holiday data breached. The latest admission about 40 million stolen creditcard numbers. Adam tom shoes founder with how he is turning coffee into water expanding its Business Model. Cheryl another state looking to block the electric cartmaker and direct sales model. 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Cme group how the world advances. So ally bank really has no hthats right, no hidd fees. Nts . Its just that im worried about, you know, hidden things. Ok, whys that . Well uhhh. Surprise um. Well, its true. At ally there are no hidden fees. Not one. Thats nice. No hidden fees, no worries. Ally bank. Your money needs an ally. Adam a popular shoe manufacturing is expanding into coffee. Is taking a charitable approach as well. Toms is leaking into java on the wholesale and retail front. For every bag of beans and cup of joe the Company Plans to supply less fortunate corners of the work, like the founder and ceo who joins us from los angeles. Thank you for being here. I love coffee and cant wait to try what you are selling but we should point out this was all an inspiration to help people who live in coffee producing regions of the world, have access to fresh water and you explain it so well and i will shut up. We have been giving shoes in over 50 countries in places like rwanda, guatemala, honduras. Those are also the places where the best coffee in the world comes from so working directly with the farmers we can make sure theyre getting higher prices for their beans, living the best lives themselves and their families but also want to give back more than Economic Development opportunities and that is when we focus on water. Adam in the process of harvesting been the great deal of water is used. Not sure if it is clean but helps preserve them to be packaged and transported to the rest of the world and this can happen in places where farms might use a great deal of fresh water but they dont have access to fresh water. Is that accurate . Exactly and that is what i recognized when i visited these farmers and saudis watching stations and realized the 1 1 model could work in the coffee industry so we are selling coffee and givin