but as a presidential bid now harder? >> it's a stigma that's been attached to her and it could be damaging in any future campaign that she decides to take on. >> reporter: whatever the now ex-governor of alaska decideses to do, you can bet it won't be politics as usual. harder for you, for what is on the cbs money watch, right and for truth. palin plans the now former stocks in asia made gains. alaska governor is unclear about claire, good morning. her political future. >> reporter: good morning, to you, michelle. terrle toib, eight people are the asian marks kicked off the killed in a wrong-way crash on a new week in rally mode. new york parkway. and stormy summer, dangerous jumping 1.5%. hit-and-miss storms pummelled hong kong stocks shot up 1.3%. the atlantic coast. major hurdles in the bull's path >> it's crazy. on wall street and it's the biggest week for corporate earnings yet and also a slew of captioning funded by cbs market moving economic reports ahead on housing, manufacturing and consumer confidence and good morning and thanks for economic growth. joining us. the dow average starts the day i'm michelle gielan. this morning folks from virginia up 24 points. to new england are cleaning up the tek-heavy nasdaq begins down

after a string of severe but (m stocks have staged an explosive fast-moving storms that left a trail of damage. 11% rally in two weeks after 77% susan roberts is in washington with the latest. of companies that have already good morning. reported earnings have had >> reporter: good morning. we certainly felt it here in better than expected profits. washington over the weekend. the storms were powerful but but analysts say those isolated. they made their way with improvements come mainly as a damaging winds up through the result of cutting costs, which coast over the weekend. means cutting jobs. >> oh, my god. dow component verizon rolls out i've never seen anything like its quarterly profits this this in my entire life, in this morning and we get new-home sales numbers which are area specifically. projected to rise to a like a monsoon came through. four-month high in june. federal reserve chairman, ben >> reporter: the worst of the storms roared through late yesterday. bernanke defended the billions heavy flooding, rain, hail and of dollars in bailouts last gusting winds that toppled trees night at a town hall meeting in and power lines. four people were struck by lightning in new jersey. kansas city where he answered >> i couldn't believe all the angry questions from the public. trees were down in the middle of he said he had to, quote, hold the street and my next door neighbor has a whole tree across my nose over last year's bailout of big financial companies but his house, like right across the argued the action had to be taken to avoid a second great roof, totally. >> reporter: late yesterday, the storm aggressively moved up the depression. bernanke's comments will air on coast leaving up to 20,000 pbs this week. people in virginia and maryland and the hard rock hotel is without power. expanding in sin city. >> the weather was like so many

snaps downed trees. a new 490-room tower opens in >> we all ran into the basement las vegas this week even as and stayed there for about a minute or two andll then realiz hotels are struggling to fill existing rooms in the recession. that it had passed by. >> how did all this destruction the average room rate in las vegas for the first five months come from one little storm? of 2009 was $97.23, already 27% >> reporter: late saturday, a tornado touched down near buffalo, new york, leaving a below the same period last year. that's according to the las four-mile wide footprint. vegas convention and visitors one business was destroyed and more than a dozen homes damaged authority. and 10,000 new rooms are coming but no injuries, saturday night to vegas this year. a big gamble that analysts say in washington with storms made for a brilliant light show near will be hard for the properties to win. the capital. michelle? >> that's an interesting and it looks like it's not over business decision. yet. the northeast expects more powerful storms throughout the claire, thanks. and just ahead on "the week. morning news" a deadly wrong-way michelle? >> all right. susan, thank you. crash in new york. sarah palin wakes up this and a scary spinout. morning as the ex-governor of a hydroplane loses control alaska. palin officially stepped down during a race. first, katie couric has a yesterday vowing to fight fors what right and for the truth. preview of tonight's ""cbs but as bill whitaker reports, evening news."" ten years ago colombia was the truth about why she left the state house in juneau is unclear in collapse. now, a dramatic turn around is and so is her next move. >> people who know me and they under way. crime and kidnapping is down and know how much i love this state, law and order is being restored.

some still are choosing not to jungle with a look at the ianh b hear why i made the decision to success story tonight on the chart a new course to advance the state. and it should be so obvious to you. "cbs evening news." can i get it back? (announcer) ask your doctor how to help treat osteoporosis with once-a-month actonel. actonel is clinically proven to help reverse bone loss and can help increase bone strength to help prevent fractures. so you can get back it is because i love alaska this some of what you lost. do not take actonel if you have low blood calcium, severe kidney disease, much, sir. >> reporter: sarah palin handed or cannot sit or stand for 30 minutes. the reigns of power to follow all dosing instructions. lieutenant governor. stop taking actonel and tell your doctor >> with this decision i'll be if you experience difficult or painful swallowing, able to fight harder for you. >> reporter: but walking out the chest pain or severe or continuing heartburn. door, one more defiant jab at these may be signs of serious upper digestive problems. promptly tell your doctor if you develop the press. >> some straight talk for some, severe bone, joint or muscle pain, or if you develop dental problems, just some, in the media. as serious jawbone problems have been reported rarely. because another right protected for all of us is freedom of the press. and you have such important jobs to get a free trial offer of once-a-month actonel that reporting facts. visit actonel.com. and informing the electorate and and ask your doctor how once-a-month-actonel

can help you reverse bone loss. exerting power to influence. you represent what could and should be a respected honest profession that could and should be a cornerstone of our democracy. democracy depends on you. ands that why -- that's why our troops are willing to die for you. so how about in honor of the american soldiers, you quit making things up. our new governor has a very nice family, too. so leave his kids alone. >> reporter: and in hollywood -- >> hollywood needs to know, we eat, therefore, we hunt. >> reporter: but why is she stepping down? >> i have no idea what her game plan is. >> reporter: not her colleagues. >> i have no idea what her future plans are. >> reporter: as for palin, she's offering no more clarity or closure than when she announced her resignation three weeks ago. >> all i can do is ask you to

trust me and know that it's no more politics as usual. >> reporter: nothing is politics as usual with sarah palin. she shot from little-known governor to one of the most popular and polarizing politicians in the country in in washington state, a john mccain's running mate. hydroplane boat went airborne hailed as an asset when she during a race on the colombia first hit the national stage. >> the chance is drill, baby, river. j michael kelli's boat did some drill. >> reporter: she soon was criticized as a liability. backflips and landed cockpit >> i'm going real great now rr down. kelli was able to open the escape hatch and get out. the butt of late night comics. and while the majority of he was not injured but the boat too damaged to keep racing. a mini van going the wng americans, 53% view her way caused a tragic accident negatively, she remains widely that killed eight people. the minivan crashed headnntoo popular in the republican party. 70% have a positive opinion of nsuv o ew her. now with a book deal, book tour fyo new rk kilyng f adults in the works, and one million in and four children. mary of our new york station has political action committee coffers she's not stepping off more. >> i've been in the business a stage supporters hope, but is long time and this is probably setting the stage to run for president in 2012. the worst case that i've seen. >> reporter: this charred wreckage is all that's left of the minivan traveling the wrong way in the northbound lane of

the parkway. it slammed into a suv, hit a third vehicle and rolled down an embank. and burst into flames. >> i set up triage and this vehicle was completely engulfed with a woman that was burning. several people were ejected, most of them children. and we prioritized and we were able to save one young child's life. >> reporter: the woman driving the van, her daughter and three nieces died. the young girls ranged in age from 2 to 9. the woman's 5-year-old son is the sole survivor. three men were also killed. >> we do not know why the vehicle was traveling southbound in the northbound lanes. >> reporter: a third vehicle carrying two adults was also involved in the accident. the two survived with just minor injuries. cbs news, new york. and "endeavour" astronauts are gearing up for the fifth and final spacewalk of the mission.

the crew on the international space station got its sunny side wake-up call this morning. today's spacewalk will focus on rewiring a space station gyroscope and installing tv cameras on the porch of japan's space station lab and they will head home tomorrow. straight ahead, your monday morning weather. and in sports, the phillies make a number of withdrawals from citizens banks parks. ♪ i am stuck on band-aid® brand ♪

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here's a look at the weather in some cities around the country. new york, partly cloudy and 83. miami, late day thunder and 1. chicago, 82. denver, afternoon storms and 8. los angeles, sunny and 80 degrees. > >>me> me a check on your national forecast. the latest satellite picture shows it's gray and stormy across the southern plains. a scattering of storms around the northern rockies and gray and muggy across the mid-atlantic states and northeast. parts of the east coast will hear thunder and more thunderstorms can be expected from the southern plains to the central rockies and near record-breaking heat will scorch the northwest. in sports, philadelphia's hot streak comes. the phillies had four two-run homers in their slugger-friendly ballpark to beat the cardinals, 9-2. philadelphia's 17th win in 20 games as they pull away in the national league east. at the other end of the

division, 27 games behind the phillies, washington's austin drove in the winning run with a two-out single to give the nationals a 3-2 win over san diego. ricky henderson and jim rice are now in baseball's hall of fame. they were inducted at cooperstown yesterday. henderson, the stolen base king was elected in his first year of eligibility of a 25-year career. jim rice had to wait for his final year and he says all that matters is that he made it. in auto race, this could be one of the most expensive tickets in history. a win in the 400 in indianapolis yesterday and he was penalized for speeding during a pit stop. jimmie johnson goes on to finish and montoya finished at 11. a paycheck difference? $254,000. and lance armstrong's comeback attempt fell short. alberto contador won the tour de

france finishing ahead by four minutes. armstrong who won seven times before retires three and a half years ago finished third. the second oldest player to mount the tour de france podium. when we return, another look at this morning's top stories and more from sarah palin's farewell. here, it is impossible to lose your way. wherever the road may lead you, we have that steady, great north star to guide us home.

on the "cbs morning news" here's a look at today's weather. thunderstorms will develop over the southern plains and rockies. the northwest bakes near record heat. it will be a beautiful day throughout the midwest. here's another look at this morning's top stories. violent storms moved up the atlantic coast to new hampshire. strong winds and pounding rain

damaged homes and knocked down trees and powerlines. a tornado hit outside buffalo, new york. and stock markets in asia continue their upward movement this morning, here in the u.s. the wall street has a rally. french president nicolas sarkozy is expected to be released from the hospital after a health scare. he collapsed yesterday after jogging in hot weather. his office released a statement saying he had to interrupt his run to lie down but denied he lost consciousness. and sarah palin officially stepped down yesterday. but the questions remain. what is the former vice-presidential candidate up to next? matthew sullivan of our anchorage station reports. >> reporter: hi from fairbanks. no official count on how many thousands of people actually showed up for this event. but with the nation watching, this audience was in the millions. governor palin answered those who she says, still don't believe her. why she left her job early. >> and it should be so obvious

to you. i felt it is my duty to avoid the unproductive, typical, politics as usual, lame duck session in one's last year in office. how does that benefit you? with this decision now, i will be able to fight even harder for you fors what right and for truth. and i have never felt that you need a title to do that. so as we all move forward together, let's vow to keep championing alaska, to advocate responsible development. and smaller government and freedom. >> reporter: former governor palin insisted she had no hidden agenda for leaving her job a year and a half early. >> i promised to steadfastly and doggedly guard the interest of

this great state like that grisly guards her cubs. as a mother naturally guards her own. and i will keep that vow wherever the road may lead. >> reporter: her 20-minute farewell address focused on what she called accomplishments. >> i resisted the stimulus package and we have championed earmark reform, slashing earmark requests by 85% to break the cycle of dependency on a stiefling, unsustainable federal agenda. >> reporter: even though palin said this type of talk has nothing to do with national ambitions it's clear that many would like to see her head in that direction. in that spirit, parnell says he'll carry the torch. she ended her speech by a line from her inauguration. she said alaska should look north with help to plan the future. as for her future, palin does not say but as many others speculate it's for a presidential run in 2012.

in fairbanks, alaska, cbs news. this morning we'll have more on sarah palin and speak with political commentator and former bush speech writer. i'm michelle gielan and this is the "cbs morning news." diabetics on medicare! i'm a diabetic and i want you to know over 230,000 u.s. doctors have authorized their patients to receive their diabetic supplies through liberty medical. and that begins with the one touch®ultra2 meter. easy to use, fast results... at no additional cost! liberty helps keep you on track by delivering diabetic supplies to your door... and filing your claims. i never feel i'm going to run out of anything. with liberty i always have someone to talk to and now they refill all my prescriptions. call now to receive a diabetic cookbook free. call to receive the one touch®ultra2 meter at no additional cost and find out why 230,000 u.s.

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good morning. i'm andrea roane. here's what we are following

this monday morning. transportation secretary ray la hood officially kicks off the cash for clunkers program today at the department of transportation headquarters. the program was supposed to start on july 1st but confusion over the rules and the effort to sign up car dealers ash the country delayed the official launch. to qualify you must trade in a vehicle that gets 18 miles or less a gallon and it must be less than 25 years old, must be drivable and registered in your name for one year. david baker is due in court on wednesday to face drunk driving charges. police say he was driving a city vehicle when he hit another car in arlington on saturday night. his blood alcohol was twice the legal limit. he could lose his job since driving a city vehicle while intoxicated is a fireable

offense. an attorney for james james von brunn told the federal judge his client is not well enough to come to court. doctors told them the 89-year- old suspect maybe able to come to court later in the month. he faces a first-degree murder charge in the death of a museum guard stephen johns we say good morning to howard bernstein. >> some storms over the weekend. saturday a surprise but sunday did not. weac meveti atr some active . of washington. we go to doppler hd and we ha v lighter showers approaching the district right now. rtno wntortno real probms but u see some activity in norfax corth , ofennavi h of vienna ofof charles count rain picks up in charles and prince georges county. alde si to county. some county. from waldorf from waldorf to hack cook. heavier stuff between stafford and quantico moving back in to

charles county and e thheaviest the northern neck saint mary'serndm huorvisttiac i tmethernd m oractivity with heavy randfaac all this should a be gone in a few hours and then ufstf stuff ufthis afternoon. angie has the day off. kenny burns is watching the traffic for you. >> good morning. you are looking at 66 westbound at centreville. right now no delays centreville to the capital beltway. moving to 395 northbound no problems to report from the beltway to the 14th street bridge. if you are heading to the district, 14th street and northwest is closed between constitution and pennsylvania avenue from a couple of minutes from now until 6:00 this evening due to an all-day affair at the reagan building. i'll bet there are a lot of you who believe you can't live without your twitter or facebook. but guess what, those people who work in the white house will have to figure out how to do it. digital correspondent lindsey mastis explains. >> reporter: president obama is considered to be pretty high-

tech. after all social networking helped him to get collected but some white house staffers aren't allowed on twitter. gibbs spilled the beans on c- span. the video is on youtube. >> twitter is blocked on white house comput . >> this is surprising because the white house has a twitter account. they say some staffers have been granted to twitter in-- including the media team in charge of the account. the reason it is blocked for everyone else has to do with the presidential record, every tweet has to be archived. it is not easy to do so only certain people get access. what about president obama? i am told he is allowed to use twitter if he goes through the

media team. cash for clunkers. after several weeks of delays the program aimed at