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tv   Studio B With Shepard Smith  FOX News  September 18, 2013 12:00pm-1:01pm PDT

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that's why we moved to a secluded house in the middle of the wilderness. just the right coverage at just the right price. coverage checker from progressive. thanks for watching, "studio b" with shepard smith with trace gallagher in for shep starts right now. >> this is "studio b" and first from fox at 3:00, our consulate in benghazi libya did not meet security standards before the terror attack last year. that what a top state department official told the house committee in a heated meeting where lawmakers said it's time for the hammer to come down. that official is patrick kennedy. he signed off on the substandard security levels less than a year before the deadly assault. today he said that as the attack unfolded on september 11 last year, the nearest u.s. forces were several hours away in a
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different country. >> it's about the distance from washington to dallas, to dallas texas. >> it would have been impossible. >> yes, there were no -- >> seven plus hours, there was nothing we could do. that's the message we're sending to our embassies, when you're in trouble, seven plus hours, we're in the 1930's, we can't get to you. >> and that's not the only concern for house republicans. they're going after the independent investigators who released a harsh report after the attack blaming systematic failures and management deficiencies at the state department. the gop lawmakers claim the report let some officials at the high levels of the state department off the hook. in fact the chairman of the house oversight committee may call the former secretary of statehill clinton back to testify but many democrats say the state department is cooperating and security abroad
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may have its limits. >> we must recognize as embassador chris stevens did that there's a certain amount of risk inherit in these occupations and that effective diplomacy cannot be conductedded from behind the walls of a fortress. >> embassador stevens died along with sean smith and two former navy seals, tyrone woods and glen dougherty. katherine, parts of this hearing got very heated. >> reporter: it was a disconnect between the state departments and most american's definition of accountability. >> in the real world this would never happen. this would never ever happen. they would be fired. they would be terminated because they failed. >> four midlevel manager placed on leave were reassigned in august with one lawmaker questioning reports they also
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received bonuses. >> who made the decision, you or secretary clinton, to not be transparent with regard to bonus. >> i don't think either of us. i have to go back and find out. >> at the end of the day, no one is accountable. >> i submit respectfully, mr. chairman, accountability includes being relieved from your job and assigned to other positions. >> no one missed a paycheck. the board did not take this to the upper levels of management. >> the board is a reference to the state department investigation into benghazi and today republicans questioning why the investigators did not directly question mrs. clinton who was responsible for setting policy, trace. >> i know you've been watching all day. what else did undersecretary kennedy say about the security policy for benghazi. >> kennedy admitted the benghazi mission didn't meet security requirements. he didn't volunteer he personally signed off on the memo.
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>> we did not have time either to build a new building or take the months to retrofit. we took the overseas security board standards as our goal. >> kennedy blamed the bureaucracy and dead embassador chris stevens for fairly to respond to a classified cable in 2012 where stevens said the consulate could not withstand a assault. >> was security increased. >> we never received that additional request. there was no way to respond to a request that had not yet been submitted. >> the common theme from democrats is they wanted to have security measures in place and standards to avoid another benghazi in the future and the republicans were too hung up on the past to learn the lesson. >> catherine herridge, thank you. joining us now, associate editor and columnist for the d.c. newspaper the hill, a b
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todayard, always good to see you. >> thanks for having me. >> the last sound bite katherine played was fascinating when you have patrick kennedy saying in essence they got the memo. they got this request for more security in benghazi but they never got the follow-up memo so he never okayed it because they need the follow-up memo to make it official. they told you needed security several times and you're saying yeah, but we never got the follow-up. >> you know, what he said, the fact that we can never perfectly secure our consulates, our embassies and outposts in dangerous areas is obviously true. if you look at the mistakes made before the attacks, during the attacks and after, there are answers that need to be forthcoming and they did not come out of this process of review and subsequent testimony. there's still confusion now
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about whether or not he saw certain requests or perhaps secretary clinton did. what you're going to see is a serious and persistent push to bring secretary clinton back to the witness table under oath to answer some of these questions. the hearing today, these republicans who ran it were criticized the last time they had mrs. clinton before them. the house foreign relation committee for not giving her a strenuous inquiry. the hearing tomorrow in house oversight of mr. pickerring and andrew mullen who roaded accountability review will be the most consequential and tough because they have to respond to the question of why she was actually never part of their report. >> yeah, we've had, as you said, secretary clinton there one time and accusations they were too easy on her. now you have patrick kennedy.
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hayden was right, maybe there's not a i don't covt a huge lack of clarity. >> there is. at times we've seen disturbing reports like from gregory hicks, one of the last people to speak with embassador stevens before he died. he was in tripoli, waiting to oversee what was going on during the attacks in benghazi. and he said in subsequently after the attacks, in trying to give answers to congressional investigators, certain members of congress who had gone turnover talk about it, he was help help hemmed in from speaking with them. the administration trying to get this behind them has not given enough information to put it in the past and there are too many questions remaining. that's a problem going forward. >> going forward. and it will goo go forward.
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thank you. now the washington navy yard massacre and the pentagon chief says he'll do everything possible to make sure nothing like this can ever happen again. he says the navy faces tough questions about missing so many warning signs before the shooting spree that left 12 victims dead. today the nation's top military officials had different takes on that. listen. >> there were a lot of red flags, as you noted. why they didn't get picked up, why they didn't get incorporated into the process, what he was doing. those were all legitimate questions. >> he committed murder. and i'm not sure that any particular question or lack of question on a security clearance would probably have revealed that. >> defense secretary chuck hagel ordered the pentagon to review all security clearance procedures but general martin dempsey is against asking
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security clearance applicants to disclose mental disorders because it unfairly stigmatizes them. without such questions, the gunman slipped under the radar. officials say he used his valid pass to get into the washington navy yard and worked there as a contractor despite a history of arrests for gun crimes, despite treatment for serious mental disorders. the navy got a warning about the shooter weeks before from police in rhode island. he told them he heard voices in his head and his enemies were sending vibrations to his body. the police chief says they told the navy we don't know what, if anything, came from that heads up. today the shooter's mother spoke about the murders for the first time. she chose not to show her face. >> these actions have had a profound and everlasting effect on the families of the victims. i don't know why he did what he did and i'll never be able to
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ask him why. aaron is in a place he can no longer do harm to anyone and for that i am glad. >> glad. that her own son is dead. peter doocy was among the first reporters on the scene and is live there in d.c. what do you know about what aaron alexis did in the days prior to the attack? >> reporter: trace we know that two days before the attack on saturday the 14th, aaron alexis was in northern virginia at the sharpshooter small arms raining. while there he rented an ar-15 for target practice and then bought a remington 870 express synthetic shotgun and two boxes of shells, about 24 shells total. the range says he passed a federal background check and after the terrible and tragic events at the navy yard, the sharpshooters range was visited
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by federal law enforcement authorities who reviewed the records. so far, mr. alexis visited the range only once and had no other contact with the range. as authorities find more red flags, the white house announced this afternoon that president obama will be attending a memorial service for monday's victims on sunday. >> when you were on the air on monday, i can remember the helicopter pictures, very dramatic, rescuing people. now you've talked to the helicopter pilots. what did they say? >> reporter: they have got such a great story to tell, trace. those guys are such heroes. here's what happened, the park police helicopter hangar is just across the river on the other side of these buildings. they've got a clear view of the navy yard and building 197 where carnage took place. they were here within a few
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minutes of the first call. the first thing they did when they got here was land it near the navy yard and ask a random k-9 officer to ride along to use her radio to talk to the d.c. police. he said yes. the dog stayed on the ground. the officer with no aviation experience coordinated four different roof rescues, threes colleagues took a fourth woman who was bleeding badly up to the roof to stay away from the shooter. that woman was hoisted up first and the first thing she said in the helicopter was thank you. >> it was incredibly brave and composed. i can't imagine being through what she had gone through and being so composed. >> in this scenario, the most reasonable thing was to get her out of that area. so we flew out of the area with her hanging ong on the outside of the aircraft. >> not only did the crew contend with the possibility of someone
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shooting their helicopter out of the sky, the weather was also bad and the rescues were conducted while that helicopter's windshield wipers were going full speed. >> a lot of heroes out there. peter doocy, live on the scene. thank you. another major twist in the gas attack in syria. now russia claims it has proof the rebels were responsible and claims it will present its evidence. what does this mean for us and any potential military attack on syria? much more on that coming up on "studio b."
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russia says the rebels used chemical weapons in syria and officials there say they had the proof. according to the russian news agency, that country will present evidence from the syrian regime linking the rebels to poison gas attacks.
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russian officials say they gave proof. the russian called the u.n. report one-sided. the u.s. claims the regime carried out the attack. the u.n. report did not assign blame to the rebels or syrian government. today the u.n. spokesman defended the findings calling the facts indisputable. during all this back and forth, the bloody fighting rages on. we're getting word from opposition activists rebels linked to al-qaeda have overrun a syrian town on the border with turkey. jonathan hunt with the news, live in new york. the administration says it was right to back off military action even as the killing continues. >> yeah, the latest killing very significant. this town, azazz, near the border with turkey, very significant that al-qaeda rebels have taken it. that will worry the turkish
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government about spillover. the fight between the affiliate rebels and modern rebels. the security forces loyal to bashar al-assad continue to slaughter civilians. administration officials say they did the right thing on holding off from imminent military action. >> it's clear that the credible threat of u.s. force in syria led to the diplomatic process where we are today. yes, we should keep that military option exactly where it is. we have assured the president that our assets and force posture remain the same. we're prepared to exercise any option that he would select. >> but it appears president obama is not about to select any
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military option in the short term. as least the administration seems determined to give diplomacy a longer chance to work, trace. >> trace: while the slaughter is going on, you have arguments about who used chemical weapons. can't be a good sign for international cooperation. >> not a good sign at all. when you see the russians insisting no, it wasn't the regime of president assad, it was the rebels who used the chemical weapons. u.s. officials said plainly they believe it was president assad's forces who carried out the chemical weapons attack august 21st. the u.n. said they're certain chemical weapons were used, but they did not assign specific blame but they did clearly imply that president assad's forces were the only ones who could carry out the attack. in that situation, with the russians and u.s. still in disagreement, very hard to see
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meaningful resolution coming out of the united nations. we should mention, trace, that this saturday is the deadline, if you believe the agreement, on syria having to account for all the chemical weapons. this saturday is the deadline for them to do that according to the agreement signed by the u.s. and russia. that will be the first test of how serious syria is about giving up the chemical weapons and how serious russia is about holding up their end. >> indeed. jonathan thank you. the mother of a woman who died in superstorm sandy is suing the power company in new york city. after her daughter was reportedly electrocuted during the storm. she claims the company should have shut the power down and that they are daughter was burned alive because they didn't. but does the lawsuit have any merit at all? that's next. ask me what it's like
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a mother in new york city today filed a lawsuit against the utility company after she says a severed wire electrocuted her daughter during superstorm sandy. a news release from the mother's lawyers claims the wire outside the family home in queens caused the 23-year-old to burst in flames. that release reads in part for the next 30 minutes she burned alive while friends and neighbors were forced to look on unable to help because the line was still live. it also reads, quote, tragic les mis abraham was conscious the entire time, screaming and writhing in unmanageable agony. we received a statement from the utility company, a spokesman claims it has yet to receive a copy of the complaint and adds it was a tragedy caused by
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superstorm sandy. we'll address the matter in court. jonna, great to see you. >> thank you for having me. >> you read this and it's just horrifying. i mean the deta this thing just hard to read, much less go through. but legally, i mean really it seems like a stretch to see con edison, because they didn't shut the lines down in time, is liable. >> it's as if it's a double tragedy. the incident is traffic and horrific if the facts pan out. however the second tragedy of this is that there likely is no liability on the part of con ed. here's why. it -- during superstorm sandy they were pretty busy. what we would have to show is they had notice of this live downed wire and didn't act on it efficiently. in other words, say somebody called, hey, we have a live wire on elm street and con ed said
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we'll take care of it after lunch. then they would have liability but they were taking care of so many emergencies that really, the entity responsible here is most likely mother nature and we can't sue her. >> trace: we've seen it in florida, and in hurricane katrina. it's part of the thing. when you have weather come through, you have a lot of wires down. but might this lead as the family says to maybe con ed and other electric companies around the country using safer techniques and updating equipment to improve the safety? >> but where are those techniques? we all know stay away from live downed wires. we're well aware of that. what else can they do? even if they can do that in the future, it might not mean they're responsible for not having done it sooner. as technology develops, great. if we can utilize it, fantastic. in this case with so much else going on, this is really just a unavoidable tragedy. >> trace: but just because the details are so gruesome, if this
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were to go to a courtroom, you might have a sympathetic jury. is this in con ed's best interest to settle in. >> great point. i predict they'll settle. if a jury had to hear the horrific details. the problem is if there's no negligence on the part of con ed, even the horrific details aren't worth a dime but con ed doesn't want that so they'll probably throw money at the situation and hope it goes away. >> thank you. good to see you. >> thank you. same here. >> trace: millions of people have watched the youtube confession of a drunk driver as he vowed to take responsibility for taking a life. he faced the judge in court. did he follow through with his promise? and later, a epic disaster in the rockies, raw sewage and filthy floodwaters overrunning towns. there are hundreds missing in this miss.
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that's coming up as we approach the bottom of the hour and the top of the news. ♪
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i'm trace gallagher in nor shepard smith and this is "studio b." a 22-year-old driver who confessed in an online video to killing a man while drunk behind the wheel promise today plead guilty in court and today, he did. the driver is 22 years old. he recorded the video two weeks ago. it's already had nearly 2 million hits on youtube.
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>> my name a matthew cordle. june 22, 20 and, i hit and killed vincent canzani. i release this video knowing what it means. i'll hand the prosecution everything they need to put me away for a long time. >> the man who died was a 61-year-old veteran of the u.s. navy. his daughter told a local tv station in columbus, ohio, the driver's youtube video has not helped her cope. in fact she says it's forced her to relive her father's death all over again. mike tobin is live outside the courthouse in columbus. mike, describe if you will what happened in court today. >> well, trace, the judge made certain matthew cordle understood the rights he was giving up. he seemed to understand and the guilty plea was entered. the defense requested permission from the judge for cordle to do
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a jailhouse interview. >> i hope that the message mr. cordle promoted in his video will reach people around the world. raise awareness about drinking and driving and more importantly to apologize. >> the charges are aggravated vehicular homicide and driving while intoxicated. that's what he pleaded guilty to. he did not post bond. he will remain in jail until sentencing in october, trace. >> trace: in the meantime, what did the judge say about the interviews? >> reporter: the judge seemed to be with cordle doing the interview. it's the county patrol prosecuto bristled at the notion that cordle is taking the case public. >> take anything he says from now on about why he did that is self serving. anything he says, his motivation when he did it, are self serving. >> reporter: the defense says he's trying to make something good come out of a terrible situation and something good is
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raising awareness about drinking and driving. >> trace: mike tobin live in columbus. thank you. joining us, criminal defense attorney heather hanson. great of you to join us. >> nice to see you. >> mike is talking about this and it's amazing because it's gotten 2 million youtube hits and people say he owned up to this and they think it's great he said that he did it and that now he wants to raise awareness about this. but there's a lot of critics that say that video was awfully highly produced, like a ploy. >> he went to this website because i said so or because i said i would, rather, because he wanted to put it out. he put it out in a public way. many people when they confess they don't show their face or say their name. he chose both. on top of that he waived, as mike said, the right to go out on bail. he stayed in jail despite the fact if he posted bond, he could leave the jail. it's not just the video. if you take the video by itself
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you could question his motive. but if you take everything together and add to that the fact after he left the hospital the day of the accident, he went immediately to a two-week rehab for alcohol abuse. it seems all this has shown him to be truly remorseful. >> trace: or there's a long-term goal. truly remorseful now and i'm not taking bail and i owned up to it. i'm a great guy but the bottom line is he killed a 61-year-old guy. he was very drunk. he went down the highway the wrong way and the family's like wait a minute, this guy's looking to get a shorter jail term. >> that's why you and i aren't judges. the judge here is going to have the hardest job. he's going to have to weigh that his blood alcohol level was over two times the legal limit. the fact he didn't initially agree to have his blood alcohol taken weighed against the fact he expressed remorse and has gone to rehab and refused bail
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and he has to decide between the two-year minimum or 8.5 year maximum. that's the judge's job to consider, also whether or not he has priors, which he does not. whether he has had other drinking issues, which he has not. those are things the judge has to use to come to a sentence. >> trace: do you see a trend here in this thing, whatever your opinion is about the video, this is a money saver and a timesaver for the court system and the taxpayers. you see a trend of people saying i'm going to come clean and we're going to set the record straight? >> as an attorney, and he said when he went to attorneys he was advised not to do this. you're taking away your constitutional right to a trial, your right to have your mirandas read before you confess. those are things that you use not necessarily that you won't plead guilty but they're bargaining chips. he's taken away he have bargaining chip to get a lesser
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sentence or with the prosecutor to plead. now the only bargaining chip he has is this video. as you said, some people are casting aspersion on the video. so i don't know that it will be a trend. it may be to people who don't know the ins and outs of what it means. >> trace: yeah, but on the flip side it really is the family members, it's awfully hard on them. ice getting a lot of publicity and every time this story is on the news, like now, they have to relive this again and again. it's got to be tough. >> that's why it's important you pointed out what the victim was. he served in the navy, the father of two daughters, a great grandfather. he had a life and a name and i has to be recognized. not just this video that was shown and going towards the sentencing. >> trace: criminal defense attorney heather hanson. always good to see you. >> thank you. >> trace: emergency officials say that they are trying to locate hundreds of people who are still unaccounted for in colorado. as the waters now recede from
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that deadly flooding in the foothills of the rockies, authorities in boulder county say airlift operations winding down but national guard claims some helicopter are taking to the skies again today to help crews go door-to-door in search of more victims who may be dead, injured or in need of help. rescuers have airlifted more than a thousand people since the flooding began. remember, the biggest operation since hurricane katrina. health officials warned folks to stay out of the lingering floodwaters because they may contain toxic chemicals and sewage. they offered free tetanus shots to people. >> it's smelly, it's dirty, so we have to keep the doors closed. >> circumstances like that, nobody feels good. we've been working nonstop for days. >> trace: the flooding has caused an enormous amount of damage, destroying homes, thousands, wiping out roads and
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trigger massive mud slides. the latest reports indicate at least six people have died. alicia acuna is live in evans, colorado. what is going on where you are? >> we are give you a look at the repair and recovery going on all over northern colorado. we're in part of the town where the south plat river came through and took down the power lines as the river spread across and broke part of this road. now xl energy, the utility company here, is trying to bring up the power lines that interest downed. they're bringing in the poles. we've been watching rescue helicopters coming in and out. in larimer county, west of here, the rescue operations that you were talking about do continue. and we've been telling you that some of the folks were not willing to evacuate no matter how bad the situation. the sheriff in larimer says that's changed. >> we did hear actually -- after
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the evacuations occurred from at least a couple of families that have -- that were some of the refusals that are reconsidering, now that they've kind of got a feel for the magnitude of this incident in the long timelines involved of reestablishing access. we're hopeful others will do that. >> reporter: the sheriff's department also says that folks are moving some of these road blocks that you see off the bridges that have been damaged. not only is that dangerous but it's also illegal. >> trace: we've been watching the devastating pictures for days, now we're getting damage estimates. >> reporter: u.s. senator mark udoll of colorado says it's a half billion dollars in damages. he says the money will there to help but part of the damage that's been hit in the area of the agricultural industry, the crops here. it's a huge loss because it's a
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vast part of colorado's economy, crops of corn, lettuce, onion and soy beans. irrigation pipes uprooted. farm equipment scattered and sheds and buildings were ruined. you're talking about the recovery process and the agricultural industry. you're not just talking about months, you're talking about years. it takes a tremendous amount of time to come back from something like this for the agricultural industry. >> trace: and the people themself. live in evans, colorado, thank you. there's more trouble now for the dentist accused of using rusty equipment and expired meds on his patients. now health officials confirm he's responsible for a spreading of a deadly disease. we'll get the details from dr. marc siegel of the fox news medical a team, plus. the kidnapping case surrounding this 14-year-old girl has just taken a major turn.
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the good news from police next.
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>> trace: police in georgia say they have found a 14-year-old girl alive and safe after two armed robbers broke into her home and kidnapped her. they have arrested two suspects and are looking at more suspects. this image shows the 14-year-old girl, ayvani hope perez. robbers pride open their backdoor at 2:00 in the morning and demanded money and jewelry. money and jewelry. investigators say when the girl's mother told the men she didn't have money or jewelry, they shot and killed the family dog and drove off with the teenager. authorities had released these sketches of the men, the atlanta journal-constitution newspaper reports the men demanded a $10,000 ransom from the family. so far it's unclear if police believe the suspects now in custody are the same men who
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robbed the house a couple nights ago. a dentist whose clinic reused needless and had rusty equipment is responsible for pregnant hepatitis c from one patient to another according to health officials in oklahoma. had already had given up his dental license, this is the first known transmission of the potentially deadly disease between two dental patients. they tested thousands of people who went to the clinic outside of tulsa after inspector shut it down in march calling the dentist a menace to public health. dr. mark segal is a fox news medical contributor. good to see you. >> how are you? >> i'm good. thank you. we thought the place was a mess and they came up with rusty instruments but i don't think anybody thought we would come up with patient to patient disease spreading. this is unheard of.
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>> we've seen it with hepatitis b rarely and never documented it with hepatitis c. there's been suspicious cases but look, there's up to 4 million people in the united states right now. most of them baby boomers that have been exposed to hepatitis c and don't know t so the numbers are increasing of people that could have it and go into a dentist. but they're not going to transmit it to anybody because the instruments are supposed to be autoclaved and sterilized. it's not that easy to get hepatitis b and c so if you use sterile liesed instruments nothing would happen. but if you renews needles and rusty instruments, cases like this occur and they can be life-threatening. >> trace: especially the needles because the diseases get worse. when you talk about hepatitis b and c, give us an idea how dangerous these things are. >> to talk about hepatitis,
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which is the issue today, 80% of the people to get hepatitis c have active infection for the rest of their life. hepatitis b is if you got into a chronic state. both of those are very, very damaging and leading causes of liver transplants. the last thing you need is something like this to happen. obviously dentists need to be carefully looked at. i don't want people to thinking this this is something to worry about. look to see that your dentist wears gloves and equipment is sterilized but this is a rare occurrence. >> trace: rare, that's my question. if, when you heard this a few months ago and somebody said, should i worry? i was a patient. you probably would have said the odds are low. >> i still think this is an isolated case. it looks like a person that was deranged. it's a very disturbing case.
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let's face it, patients should be aware. if you're going to the dentist, be aware. there's blood in the mouth, they use instruments, they're drilling. you have to be watching stuff like this but we don't want to spread fear because the chances remain extremely low. it's the first time a case has been proven to be transmitted this way and hepatitis c is 20% of the time from casual contact. sexual transmission. those are the main ways to get hepatitis c. not from going to the dentist. you get it from those other ways. >> trace: and it's hard to say, look at these instruments to see if they're clean. >> look for an autoclave. good to see you. >> trace: a disturbing discovery may solve a decades old mystery. cops in oklahoma say dive teams in a training mission came upon two cars buried in the muck for years. one car appears to be a camaro
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missing since 1970. inside, they found three bodies. possibly three teenage friends who vanished that year. the other car was older a chevy missing since the late 50's or early 60s. it could be one link to the case of two men who disappeared a half century ago. investigators are working to officially identify the remains. they say they hope to bring closure to all those families all these years later. wow. >> tens of millions of american students rely on student loans to get through college but the different loan options are complex. a lot for families to consider gerri willis will break down the numbers and bust some of the student loan mitts myths coming up on "studio b" with shepard smith.
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>> trace: more and more americans are turning to student loans to pay for college and students in this country owe a total of close to a trillion dollars. nearly 39 million students rely on aid to pay for school. turns out picking the right loan could be just as big a decision as choosing the school. the "fox business" network's gerri willis is live in new york. clearly getting the right funding is critical. >> that's critical. you have the numbers right. two-thirds of college students use loans to pay. the best of those loans is the subsidized stafford loan because the federal government pays the interest while you're in school. the rates are consistent and they're low. they don't change. and they're easy loan terms. if you lose your job, you can put off paying back your loan for a while. the other typical parts of the packages, work study funding, if
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you work while in school. that's what i did. you can get need based grants. i have to tell you these are few and far between these days in part because states hand out less money to state institution. so a lot of people are looking at private institutions who are giving owl out good deals, the number of students applying for college admission these days is lower than it used to be, believe it or not. >> trace: wow. a lot of parents, we have friends that do this, try to put money in their child's name or assets in their kid's names. is that is a good idea? >> there's a tax advantage but when you get ready to send johnny off to college, it gets you into trouble. federal rules require more of johnny's money go to college than your money. these are businesses. colleges are businesses, they want all the money they can get
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and you want to give them the least you can. so try to put the money in your name. that way you can preserve some some of it four shove more year, senior year, senior year. that's the goal for parents today. >> trace: and the college rates just keeping going up, up, up. gerri willis, always good to see you. >> thank you. >> trace: and speaking of money, we got money news on the other side that you're going to want to hear. big things are happening on the corner of wall and broad. we've this coming up on "studio b." thanks for coming in today.
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>> trace: the fed chief ben bernanke came out surprising people saying because interest rates are going up and might weigh on the economy, the fed decided to keep buying bonds. the investors were surprised but like it because the dow was up 130 points.
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144. nod bad for your iras and 401(k)'s. i'm trace gallagher in for shepard smith. harris faulkner is in with the fox report at 7:00 in the east. your world with neil cavuto starts right now. >> neil: records here celebrating another lifeline because the federal reserve has the dow and s&p 500 surging to all-time highs. welcome i'm neil cavuto. a lot of people are calling him the candy man. ben bernanke will keep the stimulus coming. why did he keep it coming today? what the federal reserve decided to do was continue its $85 billion a month worth of nicotine supply that provides the markets buying mortgage-backed securities. it gates wonky. the point is to keep the recovery going. the vote 9-1 on a fera


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