Their ships collided and triggered a Massive Oil Spill in the gulf of mexico of mexico. Will those tapes prove who was at fault. Man overboard, a sailor falls overboard in the ocean during a boat race and his remarkable rescue and story of survival, tuesday april 1st, 2014. Announcer from nbc news, this is today with matt lauer and Savannah Guthrie, live from studio 1a in rockefeller plaza. Good morning, happy tuesday, and welcome to today. T good morning. Happy tuesday. Welcome to today. Thats right. Weve got a busy show today. Want to show you whos in our studio right now. We have Michael Lewis with us this morning. This is a guy that writes books people talk about. The big short, moneyside. He has a way of 0 explaining complicated issues the rest of us can understand. If you have money in the stock market, you want to hear this. Well get to Michael Lewis in a little while. General motors related to the switch problems thought to be responsible for at least 12 deaths. Today, the companys head comes face to face with lawmakers following an emotional meeting she had with the families of accident victims last night. Lets get to tom costello in washington. Good morning. Reporter the saturn was already on the list of recalled vehicles, now newer models being recalled. Nbc has obtained an internal document showing eight years ago the company ordered a Design Change to fix the problem with its ignition switch and never told its exist iing customers about the problems and never told the government. General motors problems keep growing, along with its list of recalled cars. The nations second biggest automaker is now recalling another 1. 3 million evacuation in the u. S. That may experience a sudden los of electric power steering resulting in a higher risk of a crash. The new list now includes 2004 malibus along with four other gm models. It comes as the ceo is apologizing to their customers. Something went wrong with our process in this instance and terrible things happening. Reporter for failing to recall ignition switches and deaths including 18yearold natasha and 15yearold amy and died after their chevy lost power and crashed into a tree in 2006. These were our children and they just act like they dont matter. They may not have mattered to gm but they mattered to us. Reporter now, tan internal memo showing a design engineer knew about the problem in 2006 and signed a document authorizing the redesign. The engineer was ray degirgio. Under oath, he said he did not know about changes to the switch. If such changes were made, it was made but your knowledge and authorization . That is correct. Reporter this gm document authorizing changes to the switch was signed by degiorgio himself suggesting the company knew about the recall and changed the part and never told gm customers who never knew they were at risk. Now, the witness table is set for todays hearing on capitol hill and Ceo Mary Barra is sure to be grilled. Gm accepted they didnt have this switch to meet their own specifications. We need to ask why that was and what was the reason they went ahead and did it anyways. Reporter gm ceo mary barajas only been on the job a few months and in her prepared speech to lawmakers she says she does not know why it took so long and ordered and independent investigation and will apologize again to those family makers. The no just gm but also the federal regulators, the ones supposed to be watching these Car Companies under fire, right . Reporter yeah. The national highway transportation administration, democrats and republicans want to know why it didnt act when it had complaints and they said they didnt have sufficient evidence to order a recall but they will be on the hot seat also today. Thank you. We have several major developments in this search for malaysia air flight 370 as 10 planes and nine ships comb the indian ocean. Were learning of problems early on that set crews back for three days. Katie is in kuala lumpur with more on this. Good morning. Reporter that and a pretty startling admission as we reported yesterday during a particularly contentious press conference, the malaysian transport minister said he refused to confirm the last words out of the cockpit were all right. Good night. Thats because they were not the last words. We officially got the transcript from the cockpit today for the first time in three weeks. Out for the first time today, the cockpit radio transcript show the last words were not all right. Good night as reported but in fact good night malaysian, three seven zero. Its taken three weeks to correct this. Unfortunately this gives the families of the victims more evidence that things have been hidden from them. Reporter the release comes amid a report from the wall street journal that lapses in coordination coordinations searching for the plane led rescuers astray wasting three days of the operation. Today is day 25 and the search zone is once again 1100 miles off the australian coast citing after citing but so far only garbage floating on the sea said this chinese captain. Malaysian Officials Say they are confident this is the right area. The former malaysian ceo defended the government, the airline and the pilots. I know they are competent. I dont doubt their ability. Reporter amidst all the back and forth the families can only wait. These are the last words steve wang has from his mother, a voice mail before she took off asking to tell dad to bring her a coat at the airport. I might be cold, she says. Shes my whole life. I cant imagine what kind of pain she has suffered. Its hard. Reporter as for the wall malaysian official tells me the miscommunication is annoying because they gave them all the pertinent information they had, the investigative teams right from the get goe. Back to you. Katie in kuala lumpur. Thanks very much. To natalie. The latest obama numbers. Some big numbers. There was a late surge of customers who signed up for Health Care Insurance as the Obama Administration hits its original goal before the midnight dead line. Peter is at the white house. Good morning. Hi, tamron. The Administration Officials tell us the Obama Administration is on track to sign up 7 Million People with last nights dead line thanks to the late surge. Officials say nearly 5 Million People went to the website last night alone four times more than the previous record. 7 million signups was the administrations initial goal. After all the website problems a lot of 0 experts thought that was out of reach and some white house officials feared the law might collapse and how many young people have signed up and how many people have actually paid. As one white house official told me this is a major comeback story and likely we will hear from president obama a little later today. Thank you very much. The United States is in talks with israel about releasing convicted spy jonathan pollack early from his life sentence as an incentive in trouble middle east peace negotiations. People familiar with the talks say israel would have to undertake significant concessions. Pollack was arrested in 1985 after passing secret documents to israel while working as a civilian analyst for the u. S. Navy. The governor of washington is now asking president obama to declare a major disaster in his state, so victims of the deadly mudslide can get quick access to federal relief funds. The requests includes money for funeral and health care for surviving and first responders. Financial loss from the mudslide have topped 10 million. Dozens of homes were destroyed. At least 24 piedmoeople lost th lives. Much more later today. Much more coming up on the Houston Ship Channel that caused the Massive Oil Spill almost two weeks ago. For the first time this morning, were hearing dramatic audio recordings obtained by our houston affiliate kprc of conversations between the three captains. Just threequarters of a mile apart, the oil barge was being pushed directly into the path of the cargo ship. You keep on going, im going to get you. Minutes before they hit, the captain of the cargo ship warned the captain of the barge of impending danger. How many loads you got . Two loads. Dont look good. It dont look good. You need to keep on backing it down as hard as you can. I will keep it going. A little later the two ships collide the barge spilling 160,000 gallons of oil closing the busy Houston Ship Channel and affecting thousands for days. It stranded cruise ships and endangered wildlife sanctuaries. The cost is still being tallied but Officials Say it will be in this millions. Federal officials are working with those tapes a part of their investigation. No decision yet who migt have been at fault. Rear view cameras will soon come standards in all new cars, suvs and even most trucks. New rules from the Transportation Department will require vehicles come with that feature by 2018. Backup accidents involving light vehicles caused an average of 210 deaths and 15,000 injuries a year. Most of the victims sadly are children and the elderly. A dramatic rescue in the Pacific Ocean was caught on camera ever 0 the weekend after a sailor fell overboard. Take a look. It happened during an around the world yacht race. 46yearold Andrew Taylor was changing a sail when he fell over the side of the boat into rough seas. You see it there. He was in the water about an hour and a half before his teammates finally found him and pulled him to safety. Thankfully he was wearing a life vest and dry suit. After it was determined it was okay, this guy joined the team in this race again. Pretty tough to watch but everything is all right. Its unbelievable. Wow. Nice they stopped for him. It was a race but, hey, well get back to you, be back in a little while tread water. The show must go on. Thank you. Mr. Roker. We have changes going on in our atmosphere. Thats when we start to see the Severe Weather starting to develop. It is today. We have another 48 hours of strong storms that will start firing up in from texas all the way on up into oklahoma. We look at this stationary front working its way down to the south. Its bringing up a lot of moist air. We have cold air then starting to clash with that. We look at that clash area. Thats where we see the risk of strong storms from abilene to wichita and kansas city and damaging winds and hail likely. That area expands tomorrow from delays, Oklahoma City, kansas city, st. Louis, on into southern illinois, the risk of strong storms firing up tomorrow as well with isolated tornadoes. Rainfall amounts generally anywhere from 23 inches from Central Missouri all the way into western ohio. The rest of the country today, we have snow back through the plains. That will be bringing a major system on into minnesota sometime wednesday into thursday and could be looking at another foot of snow and sunshine through the southeast with warmer temperatures. Coming up in the next 30 seconds. But we rarely tap its True Potential and just let it be itself. Flowing freely into clean lakes clear streams and along more fresh water coast line than any other state in the country. Come realize waters True Potential. Dive in to the waters of pure michigan. Your trip begins at michigan. Org. Good Tuesday Morning to you. Im meteorologist christina loren. We are tracking some pretty active weather across the bay area. Youll notice on your Doppler Radar the heaviest shower activity located between morgan hill and gilroy. We have had Lightning Strikes so far this morning, were fair game for that throughout the afternoon. Right now its cold out . Grab a jacket, grab your umbrella. Well talk about when we expect the thunderstorms in just a few moments. Well have your sevenday forecast as well. And thats your latest weather. Matt. Al, thanks very much. Best selling author, Michael Lewis has written a series of books taking wall street to task. In his latest flash boys he says the Financial Markets are rigged and it all comes down to timing. Say theres a girl you want to ask out and send her a text message. Another guy sees what the youre doing and he decides to ask her out, too. Only he has the most advanced phone around and his text gets there before yours does and he gets the girl. Imagine instead of losing out on a date, youre losing out in billions of dollars in computerized trading. The whole thing is more complicated than that. Michael lewis, good to see you. Good morning. The girl analogy is not completely accurate. Im trying to make the point youre being beaten to the punch according to you in computerized stock markets. Absolutely. The market moves at two speeds. One for people who pay for access to the exchanges and put their trading machines right next to the black boxes actually now the exchanges and everybody else, where everybody else being the investors in the stock market. Theres a version of this called front running. The version youre talking about in this book you expose in this book is legal and in your opinion, infuriatingly legal. I think we will find out whether its legal or not because the attorney general and the fbi have suddenly opened investigations into the practices. Yes, i mean, it seems like the sec is fully aware of whats going on and it doesnt seem to boer this them that much. Basically you have high volume traders out there investing in the fastest possible technology. In some ways they see your trade before it reaches its destination and go in before you get there. That is exactly what happens. You, the average investor, by that everybody from the guy sitting at his etrade account to the biggest pension and head funds in the world are seeing essenti essentially old prices compared to high speed traders. The market more like realtime are trading against people who dont know the market heres the way you write about it in this book. The u. S. Stock market was now a class system rooted in speed of haves an havenots. The haves paid for nanoseconds. The havenots had no idea that nanoseconds had value. The problem is that the haves arer generating so much money sitting in the middle of the market this way they created a whole echo system around themselves on wall street. They pay the exchanges and pay as soon as this profitable bu business arose, it created its own logic why shouldnt i applaud these guys for using technology to their best advantage . Isnt that what the system is all about . Dont we want speed in trading . We do want speed in trading but we want every dollar to stand the same chance. Its an unfair playing field. Its crazy for investors to be playing with people who have knowledge of the prices before they do. You are shaking a stick and knocking it into the hornets nest. Those hornets are fighting back and stinging. Heres what people are saying in your book. You are misinformed. Youre unfair and irresponsible. You have simplified your story. The Advocacy Organization for High Frequency traders modern markets saying markets are not rigged. Say otherwise is a broad generalization that lumps the vast amount of good market behavior in with a few bad actors. They say the system youre talking about actually provides liquidity in the markets. What else are they going to say. I dont know where to begin there. The story isnt my story. The story in this book is a story of people wall street insiders realize starting 2008 the market is behaving funny. The market on their screen is no longer a market they can act on. Every time they trade the market seems to know what theyre doing before theyre doing. The story is their investigation of the market involving exchanges, people who work the a High Frequency trading firms and people that came out of the banks and appalled of what came out of the system these guys are actually whistleblowers and theyre starting to hear from other whistleblowers from throughout the industry . Yes. They have had calls from the whistleblowers who want to know how to get onto the fbi to describe whats going on in the exchanges. This isnt Michael Lewis wandering in and making grand pronouncements. Im following a story of wall street insiders trying to figure out how this market works and they dont understand this will prompt people to want to take their money out of the market. Should they . No. I dont think thats the right answer. Youre talking about scalping, its pennies each trade. It shouldnt go on. Its unnecessary wall street in ter mediation. Its crazy to miss out on the investing in the stock market just to avoid being scalped. Typical writer, that wasnt a one word answer. Sorry. Thats okay. It was 362 words, michael. April fools. Whos counting. Exactly. Willie, im hoping you can explain. Something online going around. Cancel colbert . A can sellcolbert. It comes from a report can sell colbert page. On its face, this tweet looks racially insensitive to the Asian Community, i should say. And in fact, it is unless you look at it in its own context. It was a tweet that came. Were not going to show it to you, directly from the colbert report website making fun of a situation with dan snyder the redskins owner. Colbert was doing satire and wasnt read that way from a lot of people. S stephen addressing i agree with cancel colbert. I share your rage. Who is that . Im stephen home. A lot of people were outraged by the tweet and colbert addressing it last night on his show and using the entire show to address it. Who would have thought a means of Communication Limited to 140 characters would ever create misunderstandings. But, folks, i have never once used colbertreport. As you heroes know, i im stephen home although full disclosure sometimes tweet from stephen home in bathroom. They brought on one of the founders of twitter and used this new magical button to