moving into vicksburg. it is projected to peak saturday at just over 57 feet, just above the record set in the great flood of 1927, and damage is already durntion homeowners are describing their nightmare: >> you're wishing and hoping it's not going happen and you get caught up in it, it happens so fast. two days ago, it was in the back of the trailer, yesterday it made it up to the front steps. where she's standing was dry ground. and got back here today and look how far it comes out. >> you can't expect anything you wish it wouldn't happen, but hey, it happens. we can't predict tomorrow. alisyn: you sure can't. from there the concern will move to new orleans, where the city of course is still recovering from hurricane katrina, the water is not expected to crest there for another two weeks, but fox's steve harrigan is live year yazoo city, mississippi where some of the worst flooding is expected. hell us what you're seeing today. >> reporter: i was standing in the front card of kathy nesbitz, her family has lived here 30 years. first they told her there would be 5 inches, she moved valuables to a higher shelf, and now 5 feet and last week, they told her she's got to leave her home. >> oh yeah, we're a strong family, and we know god is on our side. we're going to make it. >> reporter: you can really see at the same time while these people say they're going to make it, how stressful it is. when -- when they come back, they're atnow the homes will be here, # hundred houses have been destroyed, 2000 people evacuated this this area, and it's not just homes, it's life lie hoods as well. 3 million acres of farmland is currently under water, 1 million acres just in mississippi alone. as for the nesbitz family, for the time being they're going to move to one of their barns on higher land. alisyn: steve, are we right that it is expected to get worse there before it gets better? >> reporter: it is going to get worse. it's really just a foot here. you can see as tom pans up here, this is really a physical demonstration of just how bad it can be, the water could rise all the way over this levy. that topped out last time in 1927. they expect it to be worse this time. so entire small towns could be under water in ten days' time. alisyn: my gosh. steve harrigan, it's so remarkable that whole neighborhoods are being swallowed up. thank you for showing us that. meanwhile we're getting a better look at the flood damage in memphis. homes, street signs, businesses, trees, completely submerged, many using boats to get around, also. the floods are posing a big snake threat. listen to this: >> i don't personally know anyone here but going down the street in a boat, it's hard to wrap your mind around. when people come back and try to see what the damages are, they're going to find the snakes, as well as their belongings. lots of snakes have moved in, we see probably more than 30 a day in here. alisyn: 30 a day! residents are told to take extra precaution because the snakes can become aggressive when agitated and their bite can cause severe swelling. for full fof radge on the devastating floods, head to foxnews.com. we have the latest updates for you. >> back to the refinery issue, the worries, the serious concern that flood waters from the mississippi river could shut down oil refineries in the south and disrupt fuel shipments nationwide. this has the potential to drive gas prices higher than they are. according to aa the average price of regular is three-point # six. trace gallagher is live from our west coast newsroom with more. how is it looking trace? >> reporter: i tell you ali, the real killer in this whole thing, oil prices were dropping over the past week substantially, by 15 percent, so we were about to see a real drop in gas prices and now here come the floods and invariably the prices will rise, and here are the main two reasons: you look at the pictures up and down the south, the flood waters are now pushing down towards the gulf of mexico. some of the key shipping lanes, the water levels are now at 60 feet. once it hits 62 1/2 feet, a lot of those navigation channels will be shut down. that means no tankers coming in or going out for 1-2 weeks. now, if you stop the ships, you slow down the trains, and the trucks that bring all that gas to market. as the flood waters push south, the problem gets even worse, because between bath on rouge and new orleans, lack at this graphically, ali, you've got 11 different refineries along that way. they call this, as many have head, refinery row. these are refineries that produce 2.5 million barrels a day. two point five million. that's 13 percent of the nation's total output. and because those refineries are threatened, the people who trade fuel are betting that prices will rise. so the future prices just yesterday rose 6.1% to 3.38 per gallon. but look at this, futures lagged behind the retail market by 65 cents. add those two numbers together and bingo, you're looking at 4.03 a gallon, the first time we've been over $4 in three years. it could happen sometime in the next few days. this is bad news. the flood waters keep going down, the gas prices will keep coming up, ali. >> reporter: trace, thank you very much for that background. meanwhile this is a fox news alert because we also have a bombshell verdict for a former wall street titan, a jury finding that hedge fund founder roj roger rotnam, guilty on 14 pounds of conspiracy and securities fraud, the 53-year-old made profit and avoided losses totaling more than $60 million in illegal insider tips. stu varney from our fox business network has the news on this. first you wanted to just comment on what trace was talking about, you have new information on refinery row and what the prices are doing. >> literally in the last hour, the oil analysts, the people who make a living predicting oil and gas prices, they say the flood water will not knock out those refineries. consequently, the price of gasoline at the wholesale level has dropped an astonishing 25 cents a gallon. now, that just happened in the s -- literally the last 40 minutes that i know of. and that's a huge drop. and it's all because of the analysts saying wait a minute, those refineries will probably miss this flood, they won't be shut down. not everything is going to be okay, you can't say that, but the damage that may have happened is likely not to happen. alisyn: nice to have good news on the gas price front. >> and that will translate to the price a the pump, if this keeps up. alisyn: okay. so now let's move on to our wall street titan. >> sure. al what are the findings here? >> okay. if you're in the financial world, a lot of people say to you i'm not in the stock market because it's stacked against me, it's stacked against the little guy. well, along comes this guy, raj roger rasnam, they have convicted him, he's a whale, he's one of the big guys and they said yes, you did manipulate the market, you traded on inside information. here's what he did, and here's what he's convicted of doing. he formed a conspiracy with a group of top level executives from big name companies, he found out what those companies were going to do, he bought stock on the basis of that information, which was not public. the stock went up, he made a profit. that's illegal. that is insider trading. that is rigging the market of the he was found guilty of it, on all 14 counts. alisyn: this is significant because they're making an example out of him, because this happened on wall street? >> they found him, they caught him. i don't know whether they're making an example out of the man, but this is the biggest -- biggest insider trading case in at least a generation and it will say to the world look, you can't do it, the market is not rigged against the little guy. it should restore some confidence in investing in stocks. alisyn: you brought us good news, stu varney! >> glad to do it. alisyn: thank you very much! see you on fox business network. we're hearing new calls for the obama administration to stop investigating cia agents involved in the enhanced interrogation of terror suspects. a growing number of intelligence sources and former bush officials suggesting that enhanced interrogations may have led the u.s. straight to usama bin laden. debbie burlingame cheered on "america live" after the president visited ground zero. >> as a former attorney general, i know you can't tell the attorney general what to do, and that shouldn't stop you from offering your opinion. we wouldn't be here celebrate fg they hadn't done their job and they have the hammer of a possible indictment over their heads and can't you at least give him your opinion and he said no, i won't and he turned around and walked away. alisyn: catherine her. >> reporter: is live in washington. deborah burlingame was talking about this and now people in washington are talking about it. >> >> reporter: thank you. in 2009 the obama administration reopened the investigation of cia interoperate respect and contractors and former attorney general michael mukasey told us the decision is an outrage. >> there were investigations by career prosecutors who drew the conclusion in five or six cases that nothing was warranted. they did detailed memos. the new administration decided without reading those memo, without reading them, to reopen those investigations. that's an outrage. >> reporter: the cia high value water boarding including these terrorist, a senior former clandestine operations officer spied to fox how one pickup led to another terrorist. >> we had nashir, chal add, we bot ma'am p mombali, he was trying to apply these attacks. see these people were all over the world. you had all this demand. >> the human rights watch says the investigation should not be dropped but broad ner terms of its review of the overall program. >> the discussion on water boarding often leaves out the fact that the u.s. prosecuted people for water boarding during world war ii, it's only now in this heated political discussion that it's become okay to talk about whether or not torture works and whether or not we should force u.s. soldiers to do it. >> reporter: we asked the justice department to bring us up to date on the status of that investigation and we should get a response this afternoon. it remains ongoing, alisyn. alisyn: we'll look forward to your update, as soon as you get that, thank you very much. >> you're welcome. alisyn: bail denied for the man who tried to barge into the cockpit of an american airlines flight, not once but twice. just ahead, frightening new suggestions about what this man may have wanted to do. and a wild scene, caught on tape in new york. yelling, screaming, and a complete lack of clothing! this is video that, well, you don't want to miss, frankly! plus democrats are moving ahead with a plan to grant citizenship to hundreds of thousands of illegal immigrants. radio talk show host monica crowl crowley joins us to explain how this could end up costing the u.s. economy. >> but this change ultimately has to be driven by you, the american people. you've got to help push for comprehensive reform and you've got to identify what steps we can take right now, like the dream act, liken't list diesel reform. alisyn: a brand new push in the immigration battle. senate democrats are reintroducing the dream act today, a bill to grant young illem immigrants citizenship if they attend college or join the military. at a speech president obama called on congress to pa the bill and stop punishing innocent young people for the action of their parents. >> we passed the dream act through the house last year, when democrats were in control. but even though it received the majority of votes in the senate, it was blocked when several republicans who had previously supported the dream act voted no. >> [booing] >> that was a tremendous disappointment, to get so close, then see politics get in the way. alisyn: monica crowly is fox news contributor and radio talk show host. >> good to see you. alisyn: the senate democrats are trying to capitalize on momentum from yesterday and trying to get the dream act passed. does it stand any chance this time? >> the democrats couldn't get it passed and signed into law when they had huge majorities in the congress over the last two years and a democratic president so their entire composition of the congress has changed after november, and so there's no legislative path whatsoever for the dream act to get through both houses of congress this time around. that tells me this is strictly a political move, just as president obama's immigration speech yesterday was strictly a political move. remember last week, after the killing of usama bin laden, the president's poll numbers spiked, and we saw varying polls but he certainly did get a well deserved cred knit terms of polling after that raid, and so you would expect that the president would try to capitalize on that momentum, but dealing with republicans on issues where there might actually be areas of bipartisanship and cooperation, and certainly on issues like jobs, the economy, decifit reduction, that are really the number one, two and three issues for the american people. alisyn: but this is obviously an issue he cares a lot about since this is his first issue since bin laden and it sounds like he wants some credit. he talked yesterday saying he added more boots on the ground than his pred saidor and that seems to be true, he's had the 3246 border agents since taking office. doesn't he deserve credit? >> and he's increased deportation. 71 percent. >> yes, he does deserve credit for that, however, the border is still incredibly porous, ali, we're talking about major sections of the border that are not under the border patrol's control, they call it managed but not under control. we're also talking about reinforcing the border and a lot of these urban and high traffic area, that's not bg done as well. alisyn: he says he's added to the border fence, that they've actually added more reinforcements along the fence. listen to what the president who said how republicans will never be satisfied. >> even though we've answered these concerns, i've got to say, i suspect there's still going to be some who are trying to move the goal post on us, one more time. you know, they said we needed to triple the border patrol. we're now -- well now they're going to say we're going to need to fraud dupeel the border patrol or they'll want a higher fence. maybe they'll need a mote. maybe they'll want alligators in the mote! they'll never be satisfied! and i understand, that's politics. alisyn: so it's a good point. more deportation, more boots on the ground, reinforcing the fence and they're never satisfied. what do republicans want? >> i'm sure that bit of sarcasm about the mote with the alligators will go a long way for getting republican support for whatever he wants to do. he's looking at poll numbers first and foremost because there's no way the deal act or any comprehensive immigration reform will make it through, certainly before 2012. what's happening when he's looking at core constituencies he's seeing a significant dropoff among hispanic voters. he won the hispanic vote by two-thirds in 2008, it is now down among hispanic, support is down to low to mid 50s, ali. what he is seeing a need to shore up that core constituency. he can't win without it. >> what do republicans want more than what he's done? >> he deserves credit for wheas done so far but that's not solved the problem. the chaos on the border has gotten worse over the last many years than better. when you talk to law enforcement officials there on the front lines, you talk to folks living on the front lines in new mexico, texas, arizona, they will tell you the violent spillover, 30,000 people have been killed in recent years over the border, that violent spillover has illegals coming across and a lot more needs to be done. alisyn: monica crowley, great to see you, thank you for coming in. meantime border security as we've been talking about is a haijor -- major hot bun issue -- hot button issue. a teacher's union is defending one educator for watching a student pummel another in the head without ever lifting a finger. just ahead, we're going to look at the challenge for teachers and the safety of students. and we're waiting for the president to hold a town hall meeting on the economy and maybe even take some tough questions about jobs. we're going to look at what's being done on that in five minutes. alisyn: fox news extreme weather alert for you now, because the slow moving disaster that is bum jing along the mississippi river, swamping tunica, mississippi. some folks there have not eaten a hot meal, let alone taken a hot shower, for days since the water started rising. and there's little hope for relief. as forecasters say the worst is yet to come. elizabeth crann is live in tunica, mississippi. there you are in a boat which i assume must have been a street at one time with that water surrounding you. tell us what you're seeing. >> reporter: i'm standing right on a sidewalk. tunica, mississippi is about 40 miles downstream from memphis. we're waiting for that crest to arrive here in mississippi. but if you pan over, this is the 4-lane street that you're talking about. typically you would see a sea of people here. this is home to many casinos, 10,000 employees, not able to go to work today, about 25,000 visitors an average in these casinos on an average day in the springtime. but see how quickly that current is moving? that's how fast that water is moving south. as you can see t. sort of comes to a halt here and where i'm standing, this water becomes stagnant and even though i'm standing in it, this water is toxic. a lot of unin vite dollars creatures, so when people go back to their homes, they're going to find things they don't want to find. their homes have been sitting and are getting saturated in this water. it's not just a clean up and dry out process, it's more of a rebuild and repair process. so people are waiting in agony before they can even return to see the damage to their homes, especially here in tunica. back to you. alisyn: it's incredible. you're so deep in there, i thought you were in a canoe, but i now see that you're actually standing in there, so be careful. we keep reporting how there's snakes and rats and all sorts of pesticides and everything else in that water. >> yeah, i did see a snake, but i -- i did it for you. alisyn: wow, be careful. keep us posted and look out for snakes. elizabeth prann, thank you very much. >> thank you. alisyn: lots of people heard this story, about an upset passenger who acted up on an airline earlier this week. in three minutes, you're going to see why he could now face terror charges. president obama, answering questions on the economy and the decifit in about half an hour. but with unemployment at an all-time high, has the white house forgotten about jobs? a fair and balanced debate on that, next. >> it was a recession so bad that a lot of families are still dealing with the aftershock, but 2 1/2 years later, an economy that was shrinking at about 6 percent is now growing again. ♪ ♪ ♪ ♪ ♪ ♪ ♪ >> lawmakers will soon be able to see usama bin laden's death photos. the viewings are expected to take place at cia headquarters today or tomorrow. shane bower and josh fattal have been held in iran since 2009. actress lindsay lohan pleading no contest in her jewelry theft case. she will serve house arrest for violating her probation. we are learning disturbing new details about that yemeni native who attempted to barge into a cockpit of a san francisco-bound plane while yelling the phrase "god is great" in arabic. >> reporter: the judge said the criminal complaints and the prosecutors made a compelling complaint saying he is a threat. they