mike emanuel, thank you. jenna: fox business alert on a hot issue concerning china. a lot is made of china owning debt in our country, but now there's a big debate over whether china mayo thousands of american investors trillions of dollars. joining us now, fox business network's peter barnes. peter, you're not one of those investors, are you? >> reporter: no, i'm not, jenna, but i've been digging deep into this very interesting story. china issued government bonds before world war ii, but it defaulted on them after japan invaded china in 1937. now with america's debt to china topping a trillion dollars, a group of american investors is demanding china pay up claiming its holdings are worth billions today, maybe even trillions too. >> come to the table. negotiate an amicable resolve of this issue. pay your bills, pay your debts just as we, the american people and the u.s. government, pay ours. >> reporter: it's a very complex legal and foreign policy controversy that's been dragging on for decades. when china issued the bonds, it said they'd be honored by successor g

we will tell you all about mayo mike bloomberg making his own rules. quick look at the price at the pump. national average is 3.569 a gallon. >> friends and family mourning the loss today of three teenagers killed in a car crash. for one of them just hours before his high school graduation. 18-year-old jeffery child was speeding when went over railroad tracks became airborne and slammed into a ditch. him and his 16-year-old passenger died. two others were taken to the hospital. the cause is under investigation. police say the bodies of five people burned beyond recognition in this abandoned suv were the victims of mexican drug cartels. the murders were either punishment or of criminals who tried to steal from the cartels or competing interests. >> zimmerman waking up behind bars after surrender to go authorities. he wants a new bond hearing. bofl reporter is live in the sim nol county jail in sanford, florida. good morning, ray. >> good morning patty ann. they will file the motion later this morning this after george zimmerman remains in the county jai

it's our wellness for life program, with online access to mayo clinic. see the difference at avivausa.com. i've been crisscrossing the gulf i can tell you, down here,. people measure commitment by what's getting done. i'm mike utsler, and it's my job to make sure we keep making progress in the gulf. the twenty billion dollars bp committed has helped fund economic and environmental recovery. another fourteen billion dollars has been spent on response and cleanup. long-term, bp's made a five hundred million dollar commitment to the gulf of mexico research initiative... to support ten years of independent scientific research on the environment. results will continue to be shared with the public. and we're making sure people know that the gulf is open for business - the beaches are beautiful, the seafood is delicious. last year, many areas even reported record tourism seasons. the progress continues, but that doesn't mean our job is done. bp's still here, and we're still committed to seeing this through. >> alisyn: five of the nation's largest banks paying o

let's bring in governor mike huckabee now who is here this morning. in a few minutes is he going to quiz us on the cinco de mayo quiz first one of us will go to the dunk tank. first let's talk about politics this morning. interesting stuff coming out of the obama campaign and imaginary web woman. >> this is something her name is julia. sometimes company will do this to say perfect customer. julia, 35, two kids at home. this is what this seems like and they are sort of, i don't know, targeting her in some way? take us through this. >> well, first of all, quite appropriate we now find out that barack obama in his book dreams from my father that girl he described had such an influence she was a composite? is something the president has a history of. composite friends and composite girlfriends and campaign target. julia is this woman. whole life. she is a very lonely person. and if it weren't for barack obama and good old uncle sugar this would be the loneliest lady that ever lived in america. some republicans have come and taking handoutsouts from start

it's our wellness for life program, with online access to mayo clinic. see the difference at avivausa.com. >> what exactly did they get for your money? griff jenkins joins us. >> reporter: congressman mike turner produced what was perhaps the most colorful example of the waste, the swag bag. what do you have here? what was your reaction when you first saw this? >> this is incredible. this is the type of outrageous spending that everyone worries about, the slush funds that agents have that they can brazenly waste tax dollars. this is a blackjack dealers vest with a commemorative coip that commemorates, actually, the stimulus. there is also a las vegas then and now book, signed by the gentleman who took the fifth before our committee and a yearbook, if you will, a photo of all the participants, signed as las vegas personalities to correspond to the employee. so this shows, this was a party at taxpayers' response and the type of spending that obviously needs to stop. >> is that a cigar? >> these are custom pencils. and all of this was made out of the countr