Tell where you the Interest Rates are headed. In this matter ali velshi and this is real money. This is real money. You are the most important part of the show. Tell me what is on your mind by emailing me. At grand jury convened today in the racially charged shooting death of Michael Brown a week ago. That incident sparked nightly protests that descended into riots and looting. A small group of protesters gathered outside of the grand jury location and demanded that the local prosecutor, bob mccoa mccullough recuse himself from the case some say his close family connections to the st. Louis police keep him from being unbiased towards the case. Previous nights of looting has taken a toll on area businesses. Many sustained broken windows and other types of property damage. They have been forced to send workers home and reduce numbers on payroll and they say the upheaval has been nervewracking for business and residents. Fergusons economy has been falling on harder times according to the Census Bureau numbers. The citys Unemployment Rate rose from 5 in the 2000 and moved up to 13 . And poverty rates are at or above 20 . There are still plenty of middle class families struggling to get by in ferguson, but the negative effects of concentrated poverty start to have an affect on the entire community. People in ferguson have been hoping that the city was about to turn a corner. The effects of businesses from the latest unrest make that a little less likely for more on the situation on the ground lets go to robert ray. This is the calmest ive seen when i visit with you this time of day. Good evening, everything is quiet on the front here today. Not a lot of protesters on the main drag which is a quarter mile down from me. Were expecting more protesters to gather outside of the county Prosecutors Office in about 30 minutes from now. After they do their demonstration theyre expected to come to the main street and protest again. But if the elders and the religious clergymen are out tonight talking with the young people who are out there, it will likely stay fairly calm. Unfortunately, like you said, last night some of those people left around midnight, and then some of themviolence erupted in the crowd. Thankfully no tear gas was deployed and no shots fired but there were nearly 50 people shot. Businessebusinesses are hurting here. This is not a booming economy in the first place and kids are not in school. The problem is a lot of these parents who would normally go to a job, theyre having to stay home to watch their kids. We talked to taxi drivers who say people are staying away from the metro area, which is where we are at. The main drag over there, all the boarded up stores, the gas stations , the thrift shops, shops to get a soda and fast foods, nobody is liking the fact that this continues on day number 12. Robert, well continue to stay on top of this story. 12 days in, and its still a big story. Robert ray in ferguson, missouri. I was going to go to mike viqueira, our man at the white house to talk about developments in washington as it reflights fergusonrelates to ferguson, but another big story were following, the developments in iraq and syria. Youve got breaking news on this. Reporter well, thats right. We heard from the pentagon and white house in the last few minutes, and its been startling news. The white house, the pentagon announcing that a rescue mission had been launched by the American Military on a date they had not announced to try to rescue a number, an unspecified number, ali of american hostages inside syria. The pentagon spokesman said they were when they got there the hostages were not. Then we heard from that the hostages were in increasing danger each passing day. The officer arranged the commandos. They had what they felt was sufficient intelligence but when they got there the hostages were not there. And theyre adding that theyre not going to be providing operational details because they want to protect operational security. Al i this comes on the same day of the president speaking with the parents of james foley and after they had verified the gruesome video, a visibly angry president obama appeared before cameras at Marthas Vineyard calling isil all kinds of names, murderers, rapists, and lit into them and said they were going to go any length possible to bring these people to justice. Its an incredible group. Were going to do more in the show about how theyre funding. They can operate a bit like a state. I want to get clarity from you. Is the white house, the pentagon saying there were journalists who were they were trying to rescue in this attempt . Theyre not specifying that. I think given the timing a lot of people will make that assumption, and its probably not without justification given everything that has happened over the last 24 hours with the president and the white house confirming its authenticity. I think a lot of people were coming to the conclusion given the fact that it happened in rapid sequence, but theyre not telling us where this happened other than it was inside syria. Theyre not telling us exactly who it was other than they use the plural hostages and not one individual hostage being held by cant fo captor network of the Islamic State group. Your mind works fast ill switch it, this is interestingly political. This is not a sense of lets wait to see what happened. There is a real sense even in his language about justice being done for the family of this man who was shot. You know, we talk about politics in a disparaging way, but there is something to be said in this particular. Yes, eric holder made it clear as he made the rounds as he talk to a full range of stake holders, he talked to the police chief, the officer there, the state trooper johnson who is in charge of crowds control. He talked to a number of people including, ali, meeting with the parents of the slain Michael Brown as well. The message has been we have our top investigators to investigate the civil rights part of this, remember, that is the area of purview for the federal government at this point. The grand jury investigation, they have the lead on the local Murder Investigation but eric holder telling everyone there will be change, and those who fear for Public Safety in ferguson that things are going to get better. Mike viqueira covering a lot of ground for us. Thank you very much. Unrest in the streets means little rest for people who run Small Businesses in ferguson. Well talk to one shop manager who has been sleeping inside his store coming up. And then settlement from big banks after the housing crash. Well tell you mo more when this continues. Keep it here. Wrap the leader of the nations Largest Teachers UnionLily Eskelsen garcia people really do still believe in their teachers defending tenure. Taking on standardized tests and fixing education in america put authority and power in the hands of the people in that school every saturday join us for exclusive, revealing, and surprising talks with the most interesting people of our time. Talk to al jazeera only on Al Jazeera Americave now available, the new al jazeea america mobile news app. Get our exclusive in depth, reporting when you want it. A global perspective wherever you are. The major headlines in context. Mashable says. Youll never miss the latest news they will continue looking for survivors. The potential for Energy Production is huge. No noise, no clutter, just real reporting. The new Al Jazeera America mobile app, available for your apple and android mobile device. Download it now many businesses have been hit hard by the rioting and looting in ferguson. As they calculate the cost of the damage theyre trying it figure out what is next for them. Natasha reports. Reporter Charles Davis is the most cheerful Business Owner weve encountered. On the commercial strip that is repeatedly turned into a battlefield once the sunset. Im loving business. Reporter Ferguson Burger bar and more opened the day Michael Brown was shot and killed. Then the protesters, activists and journalists descended on this town of 21,000, and they flocked to this restaurant to grab a burger or some other fried comfort food. Davis said his wife grew up with browns mother. He is a ferguson resident. But hes also been a businessman for 26 years. He knows this kind of publish police the alone is priceless. From a business perspective, it has been great, but i wish it was under different circumstances. Its up and down. Hairstylist and single mom said that back t back to School Business has coster 700. She said at times she has avoided coming to work due to the chaos. One of the things to emerge from the protests is that africanamerican Business Owners are a minority. One business posted a sign saying black owned. He said looting cost him 25,000 in damage. I love the people of ferguson, so why would i go . He said that his business was born out of grit and following his fathers advice. He told me, son, as an africanamerican we dont have the luxury to sit down and plan. We just have to do. He hopes the protests stops. But the people keep coming. That was natasha reporting. Some businesses did manage to dodge damage. A beauty salon was not hit but the threeyearold Family Business said its taking extra precautions because of the insecurity in the area. It has prompted him and his family to stay overnight at the store to protect it from looters. The folks who are looting, the people of ferguson are going out of their way to say that some of these people with from out of town. Theyre behaving on their own. How do you protect the store if people decide to start looting it . As you just mentioned there are people from out of town. We are not happy about what happened. We just hope that it ends as soon as business. It has effected business, it has effected everyone around here. Everybody is really angry about it. And what we do is we just protect our business. We know the police cannot bring protect everything at the sometime so we have to do what we have to do to protect our business. What do you do exactly . Do you stay there with the lights off at night and sleep from . Do you stay with the house that sits . Call the police if you see something . Whats going on at night . We reallyit was the business hour. We stay here. We keep the lights on. It was a few people each time and thats how we take temperatures and we happy to get enough sleep over the past week. Youre discouraging people from coming to the store at that point. There is a group of you there. If people feel like looting, theyll go to a store where no one is around. We have to call the police. And the police do come through the night a few times. They drive by and they know were staying here. And we tell them well give them a call. People are frustrated. Theyre frustrated at whatever the tensions are that led to the shooting. Increasinglier i think people want to peacefully protest, but they are worried that there are inter lopers, people who are causing the serious trouble that were seeing on tv. Absolutely. I dont know where these people come from. I dont know if theyre from outside, i dont know, but what happened with the incident, thats only a legal matter for the police yo and law enforcement. Afterwards we dont know what is happening. We dont know what theyre doing. People i spoke to, they dont want that. Peaceful demonstration people will support. Demonstrate peacefully and get the point you want to get to, but there is no need for this. There is no need for looters and burning down stores. Shop owners, the store owners, who have been looted and burned down, theyre innocent and they have had nothing to do with it. Are you getting fewer people coming to the shop . Is this a subject of conversation for any of the people who come to your shop . You know, it varies. They really want to talk about it, and others want to keep it to themselves. But others who speak about it, theyre frustrated whether theyre africanamerican or not, they dont want to see the violence. Nobody supports violence from anybody that i come across. Remarkable. Frank, i hope you get to get some sleep, you and your family over the next few days, frank alwir is the manager of how old beauty supplies. There is word of another settlement from the mortgage melteddown and well show you how the Islamic State fighters have raked in the billions of dollars it takes to fund their operations. Saturday on tech know. I cannot imagine being trapped in ruble like this. A miraculous new invention. This if finder. Its a victim detection radar. That could save your life. As long as your heart is beating, we can detect you. Tech know. Every saturday, go where science meets humanity. This is some of the best driving ive ever done. Even though i cant see tech know. Were here in the vortex. Saturday, 7 30 eastern. Only on Al Jazeera America. Bank of america is expected to pay 17 billion in agreement with the United States department of justice. Several reports say the settlement could be announced tomorrow. Now once americas biggest bank by assets bank of america was accused of packaging shoddy mortgages into securities and selling them to investors ahead of the 2008 financial crisis. 10billion of the settlement will be paid out in cash to federal and state agencies. The other 7. Billion dollars will go for consumer aid in the form of modified mortgages. Dan fried is a consumer writer and said that they should be doing that regardless, and dan has been covering wall street for 15 years. He joins me. Weve interrupted him on his time off to get him here by skype because dan youve been following this so closely, i want to get your take on this whole thing. 17billion, this makes this the biggest settlement so far. Thats right. Ali, as you say, the numbers are very deceptive. I think the Justice Department wants to put up a big number so it looks like its being tough on the banks. But as you say 10 billion according to reports is going to be cash. The rest is going to be credit, which the banks getwe discussed this on your show a few weeks ago, and an increasingly im hearing from analysts that these credits are kind of a joke. This is stuff the banks have done already. And if they havent done already its stuff in their interest to do. One of the things that ive reported on at the street, which i think no one is paying attention to, is that the hardest hit states, florida, nevada, arizona, theyre getting no cash. Zero. New york, on the other hand, and these are states that are still trying to recover from the mortgage crisis. You know, theyve still got 30 plus declines in housing prices from the peak. On the other hand, new york, where, you know, home prices have fully recovered from their peaks is getting over 1 billion in cash from not only the jp morganbank of america settlement, but one struck in november with jp morgan. One reach last month with citigroup, and there will be 11 more of these with goldman sachs, with morgan stanley, with wells fargo, and only just a few states, new york and california, illinois in particular have been very aggressive about getting some of the cash even though theyre not necessarily the statei mean california obviously has been hard hit, but again, florida and nevada, arizona, theyre getting no cash from these deals. You wrote a piece yesterday indicating that former president clintons idea of how to utilize these bank fines might get some support. No, i dont think it will get some support. I thinki found some support for it on my own, you know. I talked to Bank Analysts who liked the idea. I spoke to others who liked the idea but no one has paid attention to clinton since he made that suggestion in november. Theres another john delaney congressman from maryland. He likes the idea. Hes been a big proponent of infrastructure investment. But you know, i dont think unfortunately. Its an interesting idea. Bank of america swallow up countrywide, the largest subprime Mortgage Lender in the country. There are reports that countrywides cofounder may face a civil lawsuit from the government. As a country were still looking to publish the people most responsible for this crisis from which the country is still trying to recover. And angelo moselo with his super tan is if not public enemy number one, he might get competition from lehmanns dick fold. But definitely one of the people that people would like to see go to jail. I think its the los angeles, i dont know, its not the district attorney, but elected official in los angeles, an attorney is going after m ozelo in a civil suit, but were not talking about jail time. Were talking about more fines for a guy who earned more than 500 million in years leading up to the crash. Dan, thank you for your knowledge. Thank you for interrupting your time off to talk about this. I look forward to seeing more of this when youre back in new york. Macys has agreed allegations that it racially profiled shoppers at its Flagship Store in new york. It called for the Department Store chain to pay a 650,000 fine for surveilling minority shoppers and wrongfully detai detaining some that it suspected of shoplifting. It has greed to boost employee training and keep better records records. In february of last year it received complaints from minority customers, 18 of them said they were unfairly targeted and wrongfully detained by macy security as part of aggressive moves to prevent theft at the store. It has was a logical move. United airlines is teeming up with uber offering the Transportation Service to its flyers through the app. It will connect riders and drivers through its mobile app. Once customer select a ride theyll have to sign up for an uber account. There is an incentive. Experts wh those who sign up through united will receive a miles reward. 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