california-based ptinum equity woultake the rest of delphi's operations. the prictag: almost $4 biion. >> susie: delphi's pdicament is o example of how the meltdown in the au industry has spad to parts makers. some suppliers are surving by looking for new busine, while othersre getting back to basics. johnson contro is doing just th. for twdecades it's been one of the rgest makers of auto seats and interiors. but, it's also been keepin buildings rm and cool for more than a century. diane eastabrook explainwhy the milwaukebased firm is tuing up the heat on that busiss. >> reporter: johnson conol's 42-year-d headquarters has become the company's hottest marketing to for what it cal its building effiency business. c.e.o. stephen rll delightin shing off a renovation at the massive office cplex which includ solar panels. >> they prove basically what s a fourth of the energy for our campus. >> reporr: a geothermal system warms d cools the facility-- and sky lights help illunate work areas. roell thinks the world is ly beginng to embrace energy conservation and t

would get delphi's steering business and four her plants that me parts. california-basedlatinum equity wod take the rest of delphi's operations. the price ta almost $4 billio >> susie: delphi's prediment is one emple of how the meltdown in the auto iustry has spreado parts makers. some suppliers are survivingy looking for new business, ile others areetting back to bacs. johnson controls idoing just that. for two dedes it's been one of the largt makers of auto seats and interiors. t, it's also been keeping buildings warmnd cool for more an a century. diane eastabrook explains wh the milwaukee-bad firm is turninup the heat on that buness. >> reporter: johnson ctrol's 42-yeaold headquarters has become the company's hotte marketing ol for what it cl its building eiciency business c.e.o. stephenoell delights in showinoff a renovation at the massive office compl which includes sar panels. >> they provide sically what was fourth of the energy for our campus. >> reporter: geothermal system warms and ols the facility-- and sky lights help illumina work areas. ell

would get delphi's steering business and four other plants that make parts. california-based platinum equity would take the rest of delphi's operations. the price tag: almost $4 billion. >> susie: delphi's predicament is one example of how the meltdown in the auto industry has spread to parts makers. some suppliers are surviving by looking for new business, while others are getting back to basics. johnson controls is doing just that. for two decades it's been one of the largest makers of auto seats and interiors. but, it's also been keeping buildings warm and cool for more than a century. diane eastabrook explains why the milwaukee-based firm is turning up the heat on that business. >> reporter: johnson control's 42-year-old headquarters has become the company's hottest marketing tool for what it call its building efficiency business. c.e.o. stephen roell delights in showing off a renovation at the massive office complex which includes solar panels. >> they provide basically what was a fourth of the energy for our campus. >> reporter: a geothermal system warm

delphi's owes its lenders more than $3 billion. in exchange for forgiving that debt, the lenders will take control of the company's assets. the plan also puts four delphi plants back under gm management. delphi hopes to close the sale by the end of september. >> suzanne: the banks that got the biggest helping hand from uncle sam apparently gave big bonuses to their employees last year. that's the word from new york attorney general andrew cuomo. who's investigating compensation at banks that got tarp funds. he says bonuses stayed at bull- market levels despite the financial crisis, with large paychecks becoming a "cultural expectation." citi and merrill lynch combined got $55 billion in tarp money and lost $27-billion last year. but the firms' still paid $8 billion in bonuses. cuomo says there's no rhyme or reason to how wall street pays employees. a house investigative panel agrees. it will look at payouts by tarp banks after it sees cuomo's report. meanwhile you and uncle sam became citigroup's largest shareholder today. citi fin

reports say federal mogul may be considering making a second pals at delphi. federal mogul in late may. >>> and you can get more news, videos and blogs on today's market-moving news rat cnbc.com. >>> coming up, more hints at a second stimulus plan. the majority leader of the house of representatives leaves the door open for furch measures, but are they needed? we will have the analysis. >>> the yen and the dollar has been stronger again. we'll talk about that and what does it mean for any currency discussion now that chinese prier left the g-8? i'm sorry. i can't hear you very well. announcer: does someone you know have trouble hearing on the phone? dad. dad, let me help you with that, okay? announcer: now, a free phone service shows captions of everything a caller says. i'd like to make an appointment to see the doctor. announcer: to learn more about captioned telephone, call 1-800-552-7724 or go to our website. i'll see you at 3:00! announcer: captioned telephone - enjoy the phone again! >>> a little earlier, the yen hit a six-week high against the dollar. w

they got rid of the delphi pensions. >> well, them don't exist in reality, terry, and that's the problem. these companies that live only on bailout dollars don't have to deal with reality. but i don't have any more objection to spending it on lobbying than citi group's place or a.i.g.'s trips to vegas or bank of america's super bowl advertising. i mean, the problem isn't how the money is spent. in any machine, it's that bailout money was given in the first place. >> say one thing to add to what jonathan said before, because he said the role of the government is to protect us. in the preamble of the constitution, yes, it says provide for the common defense, but promote the general welfare. at the risk of sounding repetitive here, again, you know, government exists for the public purpose. if they bail people out, there mve a public purpose or thought to be a public purpose behind that, so people then used the money to lobby, like john said, if you want to change it, change the system. but if they're going bail it out on the idea that they're helping somebody, people are going use the money

and gm when it was delco, which is delphi now. we had delco all over the city. delco started taking jobs away from kokomo in the late 70's, so the auto industry has started taking our jobs away a long time ago. manufacturing has made this country the power that we had, starting in the 1950's. it employed thousands of people at the big companies. we started losing taxes ever since these companies started going out of the country with our jobs. we have a plant in logansport, that when it reopened, it started buzzing in people, a lot of illegals. my last comment is there is no bigger organized crime unit in this country than our own government. thank you. hoguest: if the state has to shut down because they don't have a budget, all kinds of things will close. hopefully that would be short and they would get a budget passed. otherwise, we have lost manufacturing jobs. they're not coming back. we have to figure how to build a new economy in this country. it's encouraging that there is talk in washington about focusing on it after years of not focusing on it. it's not

but with delphi corporation which is g.m.'s largest parts supplier, we have an incredibly egregious case of inequity. as part of the restructuring agreement, g.m. agreed to assume the pension benefits of delphi's hourly workers. 100% guaranteed. while the salaried workers' pension liabilities will be turned over to the federally chartered pension benefit guarantee corporation. when these pensions are turned over to the pbgc, salaried retirees stand to lose up to as much as 70% of their pension payments. so basically we have two groups of employees who have worked side by side for the same company for decades and being treated so differently by the government. my view and that of a number of members on both sides of the aisle is that it's a fundamentally unfair, it will be incredibly damaging to these families. especially when going back to the beginning of the year, these same retirees lost not only their health benefits but also their life insurance. in the weeks since the decision has been announced, i have pursued all possi

delphi announcing creditors led by jpmorgan have won the auction for the automakers assets. the two companies interest remains tied together because of gm's dependence on parts from delphi and delphi's need for financing. >> there's a trial under way in boost than could have far-reaching implications in the music industry. opening statements today expected in a music downloading lawsuit. the industry says a man downloaded songs and made music files available for distribution on the kaza file sharing network. the recording industry threatened about 35,000 people with charges of copyright infringement. last month a federal court ruled a woman must pay almost $2 million for willful infringement of copyrights. you have probably done this. >> i have not. i'm wondering how in the world five years from now you can own anything and make money off of it. >> in terms of media content? >> yes. it seems like -- piracy is a -- it's a huge issue. i talked to someone yesterday who still said analog nickels are leaving and they're being replaced with digital pennies. we don't know how to do

a bankruptcy judge has approved the sale of the auto parts suppliers, delphi. the move would ensure delphi to emerge out of bankruptcy and supply parts for gm. they are hoping that environmental drugs will grow at the overall rate of the economy. they redic dict predict a recovr the construction. and the they stood by a prediction that stimulus spending will save or create 3.5 million jobs by the end of next year. >>> still ahead, a device that promises to save you money on your electric bill, when it could be installed in your home. >>> and searching for answers after d.c.'s deadliest metro crash. i'm megan gilliland. the changes, the ntsb says needs to be changed in order to keep you safe. >>> the new one plus one trash plan starts in the city today. are people now with even more power to protect. >>> welcome back to fox 45 morning news here in baltimore, but what you're looking at there is a shot of atlanta. it looks like kind of pretty, kind of misty, but probably not as pretty as it's going to be here in baltimore, so i'm glad to be here. 6:31 is the time.

and know in my district we're dealing with all kinds of pension issues, delphi salary, delphi hourly, u.a.w., steel workers have all lost their jobs. their pensions in many cases are in jeopardy. thank god for the pbgc to help cushion the blow. but could you imagine the cost of this country if the republicans had been able to fully implement their economic agenda? they did the tax cuts, most of their economic agenda, but fortunately we were able to prevent social security. so it's important for to us realize that as we begin to debunk some of these myths. and i would just like to suggest, mr. speaker, as we go through this and i have encouraged my constituents and encouraged all members of this congress -- all members of congress, within an earshot, to base their critiques on what's actually in the legislation. don't we at least owe that to the american people? this is big, this is comprehensive, this is complex, multidimensional, every chip you move move it's something else another chip on the -- every chip you move moves something else a chip on the table. but we owe it to the ameri

moves forward, a lot of the old delphi folks weren't included in the new deal so now they're left on the outside whether they're union workers or salaried workers that had put just as much time, effort and intellectual into developing delphi and general motors and now they're finding themselves left behind with a $14,000 or $15,000 health care bill. and so what we're talking about here, why you're coming to the floor, why i'm coming to the floor, why president obama is so forceful -- in persuading the american people that this needs to happen now, why speaker pelosi and senator reid are all on this issue is because this is an issue that the american people want. they know that they are paying too much for their health care. they experience the fear of having a pre-existing condition and trying to go out into the market and try to get somebody to cover them. they deal with these every day. so i don't want to get too much into the weeds because i think over the course of the next three weeks, as you come down here and the 30-somethings come down here and we all get ratcheted up and lea

carl icahn, they might jump back into delphi to go after their assets. they went out of it and might be back into it. first solar battered yesterday. they received an upgrade, equity to a buy. they're up 1.8. that 1.9%. that's it in the nasdaq. let's go to the center of the country and great santelli in chicago. >> oh, thanks. you know, if we look at interest rates, the yield curve was a big issue at one point. the difference between, for example, ten-year rates and two-year rates, widened out to historic proportions about a month ago. that's important. because if you can borrow at the lower rate and lend at higher rates along the curve like certain financial institutions, that's a big benefit. it's not necessarily big benefit if you're a fixed income retiree of course because all of your incomen your money in the bank is probably more closely aligned to the short end. having said that, two-year rates are about the lowest. let's talk zones. since about the beginning of june. but tens and 30s are now at the lowest yield since about the third week of may.

next week we have a funding and we have a $6.2 billion pension issue from delphi that traders are trying to discuss to see if there's any near term market moving implications. mark haines, back to you. >> rick santelli, thank you. >>> gains across the board in asia overnight. hong kong, hang seng up 3 %. highest finish since september. china's shanghai composite, up 1%. 13-month high. guy johnson, what's happening where you are? >> we're down, mark, at this stage. we were down at this stage yesterday and managed to finish in positive territory here in europe. i'm not going to call this one too early. we are seeing negative sentiment. switzerland is one exception i'm going to talk about. big reporting day in zurich. let me first deal with what's happening with porsche, the sports carmaker. we're going to see a deal between porsche and vw. vw is going to take over porsche. the ceo of porsche is going to be stepping down. he's been at the company for a long time. his payout is $70 million. that is his gold dn parachute. he is getting out of this business with a big, big payout. the company

there's a final hearing this week on the sale of delphi. the federal minimum wage is rising to $7.25 on friday. the watergate hotel made famous in the nixon years may be auctioned off this week. its owners cannot pay down their loan. >>> starbucks will tells t market a new kind of coffee house in seattle this week it's going to stay open late, serve beer and wine as well, plus feature live entertainment like music and poetry readings. think jack care oh back and his bistros of the '50s and about '60s. cool man, cool. >> $8,000 bridal gowns afor jus a few hundred bucks. you're witnessing a civilized search for the perfect dress. all sales support the making memories breast cancer foundation. there were about 1,000 dresses but your dream dress could still be there. the sale continues today from -- at the weston arlington gateway. >>> now 6:44, 62 degrees. coming up next on "news 4 today," we'll xxxxxóxoxoçgñ1ñcñc   >>> a family in wisconsin is cleaning up after the oscar meyer wiener mobile rammed into their garage. police say the

they are not responsible for the 50,000 delphi workers who don't have health insurance today. they are not responsible for the 200,000 people that work at the dealerships across the country that are now going to be out of business. who is? so around this chart we have mr. bloom, this is the secretary of the treasury, mr. geithner, former president, george w. bush, the president of the united states, larry summers the president's economic advisor, and down there is robert nardelli, the former head of chrysler i was talking about. again the same scenario. this is pretty simple question, who decided to take the axe to those 20 plants, those almost 300,000 people and shut her down? it's no longer get her done, it's shut her down. i think we should find out. but nobody will fess up, nobody will say who did it. mr. nunes: no one knows who did the a.i.g. bonuses, no one knows who put that legislation in. and now no one knows who shut down the automotive plants, dealers, and now we are sitting here with 300,000 people out of work in the largest democracy in the world which is supposed

every time i go home and i meet thousands of delphi employees who have been left behind in the g.m. bankruptcy, both salaried and union and steelworkers who have lost their jobs and lost -- had their pensions cut in half, go to the pbgc, lose their health care, this is what -- this is what this is about. those are the people that will benefit from thising mr. murphy and i want to thank you as we wind down here for the opportunity to do this. we'll be here tomorrow and possibly friday and next week, day in and day out because it is that important for us to pass this. i really believe the health and welfare of our country depend on it. with the energy bill and with this, i think this is transformational for us. i think it's great opportunity for places like northeast ohio. i yield back to my friend. mr. murphy: i thank you for joining us. we will be down here talking about this because it's so important to get health care for america. as you said, our friends on the other side of the aisle had eight years to get this done. people may say, mr. president, you're taking on a lot really q