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Wednesday. a devastating 2017 hurricane season has fema admitting the response capabilities were stretched at every level. this season included hurricanes harvey in the gulf and maria in puerto rico. the report is unprecedented. fema admits it underestimated the devastation in puerto rico. that's more than hurricanes katrina, rita, wilma and sandy combined. 4:50. money headlines. johnson & johnson will pay $4.7 billion in the baby powder lawsuit claiming it caused cancer. it caused two women to develop ovarian cancer. the jury ordered the company to pay the largest settlement to date. j & ...

Way of suing big financial firm firms. deirdre bolton of fox business network joins us with a couple money headlines. >> good evening. twitter, google, facebook want to show the government they can regulate themselves before the government takes further action. in twitter's case, setting up a transparency website separate from the newsfeed. on the website, people will be able to see details about ads, how long they've been running, who's claiming me to pay for them. also twitter says the newsfeed, if there are ads there that are political, they will be labeled as such. twitter will also disclo...

Leaders the companies and nothing now. >> savannah sellers, thanks a lot. >> thank you, jacob. now to some money headlines. the president's proposed budget slices about 20% of funding for the national institutes of health, a potentially big blow to medical research. more than 80% of the nih budget, excuse me, reportedly goes to grants for scientific study. you can count tanning salons, by the way, among supporters of the republican healthcare plan because it would lift the 10% tax on tanning sessions since obamacare -- a lot of jokes that we could do about that one, but i'm just going to lea...

In today's money headlines, chips ahoy, early birds and pumpkinpalooza. regina lewis, good morning to you. chips ahoy, we won't talk about a cookie here, but what does this mean for your pocketbook protection? >> well, there's a new card, it's called the emv card which refers to euro pay master card visa. or the chip card referring to a microchip that actually enables something called dynamic authentication. each transaction gets a separate number. this is all aimed towards fraud protection. there's 120 million of the cards in circulation now in the united states. expect it to increase to 600 ...

As a member of the media it's frustrating but i don't know if it hurts her in the polls. >> in terms of answering questions, don't go anywhere because i want to talk to you about every answer jeb bush gave on iraq this week. and this spectacle which may beg the question, yeah, the hype? those are coming up in our money headlines.