[Bolduan:] Welcome back to "NEW DAY". Parents of a Texas college student shot and killed by police say they are waiting for answers. Family members are left planning a funeral for Cameron Redus after campus police shot him when they say he resisted arrest almost 60 times. Now an elite law enforcement team in Texas has been called in to investigate what really happened. CNN's George Howell is live with the latest. Good morning, George.
[George Howell, Cnn Correspondent:] Kate, good morning. The family is speaking out this morning to say that they are withholding judgment, they're still waiting for all the facts to come through in this case but that there is one simple fact, one truth, that they've never doubted, their son's character.
[Howell:] A father and mother, struggle with the unthinkable.
[Valerie Redus, Mother:] I'd give anything if he'd walk right through that door.
[Howell:] Twenty-three-year-old Cameron Redus, shot and killed by a campus police officer, just hours after celebrating the final day of the semester. He was set to graduate in may but now Valerie and Mickey Redus are planning his funeral.
[Mickey Redus, Father:] All I could see was a tragedy. It would have been so devastated about unnecessary loss.
[V. Redus:] He was well loved and a favorite of the group. And excelled, I was proud. I was just proud for him. I was proud to be his mother.
[Howell:] Police paint a very different picture of the college senior, investigators say for at least six minutes early Friday morning, Cam Redus ignored 56 commands to stop resisting arrest when confronted by Corporal Chris Carter. Then, police say there was a struggle. According to the University of the Incarnate Word, quote, "The officer drew his firearm, and was able to knock the baton from the suspect who continued to resist arrest. Shots were fired." [on camera]: The university has put out a statement. The police are releasing some facts and we still don't know all the facts. But as a family, how do you deal with the contradiction, these two stories about who you know Cam to be and what you're hearing.
[V. Redus:] I know the man I've seen for 23 years. I know what he's become. I know how steadfast and true to the way we brought him up I just feel like the truth will come out.
[Howell:] A young man who loved adventure, Cam Redus's parents say he was loved by many, leaving behind a legacy that, they believe, speaks for itself.
[M. Redus:] We believe him to be in heaven, beginning the greatest adventure ever. For ourselves there's pain, because there's a huge hole that's left by his presence here with us.
[Howell:] Regardless of what the investigation concludes, the tragedy for this family is that their son's life has been cut short. They are planning a visitation later today here in Baytown and then the funeral, Kate, John, is set for tomorrow.
[Bolduan:] All right, George. We await the results of the investigation. But I think you have the perfect on that. Regardless of how it turns out, these parents are left with nothing but questions and their lives shattered.
[Berman:] Such a tragedy.
[Bolduan:] Yes. Thanks, George.
[Berman:] All right. It is money time now. We had a stumble for stocks Tuesday. Our business correspondent Alison Kosik is here.
[Alison Kosik, Cnn Business Correspondent:] Looks like the Bears came out to play yesterday, the Dow industrials slipping below the 16,000 level. The focus is on the Federal Reserve and whether it's going to begin pulling back on its stimulus, an announcement could come at next week's meeting. The Dow slid 52 points, the NASDAQ and the S&P; also lost ground. But come one, what a year it's been. The Dow is up 22 percent for the year so far. The NASDAQ up 34 percent, the S&P; up 26 percent. More billionaires are promising to give away their fortunes. Go Daddy founder Bob Parsons and Groupon founder Eric Lefkofsky are among seven wealthy individuals and couples making the commitment, giving pledge campaign started three years ago with 40 billionaires, including Warren Buffett and Bill Gates, promising to give a majority of their wealth to charity. Soda sales are flat, health conscious customers are buying less soda, especially diet sodas. The year-over-year decline for diet soda spending was 7 percent on cola and about 8 percent on lemon-lime drinks. The big beneficiary of all this: bottled water, and the beverage companies have taken notice. PepsiCo, Coca-Cola, they bought several brands in several years. But if you're trying to stay away from the artificial sweetener, check out the ingredients on those flavored waters. Some of them contain that, too.
[Bolduan:] Clearly, the companies are noticing, because you can see it differently in the branding and how they're selling, you know, smaller cans and more portion control
[Kosik:] And the water is getting fancier.
[Berman:] Fizz is out of the earnings to be sure.
[Bolduan:] Wa, wa, wa.
[Kosik:] Good one.
[Bolduan:] Coming up next
[Berman:] A story that bubbles to the top.
[Bolduan:] Top. Oh, quickly. We'll take a break, quickly, before John says anything else. President Obama's handshake with Cuba's Raul Castro seems to have created an international stir. Was it just a friendly gesture or is there really more to it?
[Berman:] Then, Christmas shopping with his girlfriend sent one man over the edge, literally, to his death. He just couldn't take it anymore. All the details, just ahead.