ashley morrison in new york. thanks. when we come back we'll check your weather forecast on this tuesday. and in sports, the bears clinched the division titles on monday night football. we'll be right back. [ female announcer ] with rheumatoid arthritis, there's the life you live... and the life you want to live. fortunately there's enbrel, the #1 most doctor-prescribed biologic medicine for ra. enbrel can help relieve pain, stiffness, fatigue, and stop joint damage. because enbrel suppresses your immune system, it may lower your ability to fight infections. serious, sometimes fatal, events including infections, tuberculosis, lymphoma, and other cancers, and nervous system and blood disorders have occurred. before starting enbrel, your doctor should test you for tuberculosis. ask your doctor if you live or have lived in an area where certain fungal infections are common. don't start enbrel if you have an infection like the flu. tell your doctor if you're prone to infections, have cuts or sores, have had hepatitis b, have

ashley morrison is here in new york with that and more. ashley, good morning to you. >> good morning to you, terrell. asian markets traded cautiously amid new concerns about europe's debt problems. japan's nikkei was flat while hong kong's hang seng lost more than one percent. >>> today, wall street gets the latest on the housing starts and a look at weekly jobless claim numbers. wednesday stocks dipped after an early rally ran out of steam. the dow lost 19 points, while the nasdaq was down 10. >>> foreclosure filings fell last month to their lowest level in a year and a half. 67,000 homes were repossessed in november, a 28% decline from the month before. but, experts warn the drop is mostly due to several banks halting evictions following allegations the process was flawed. lenders remain on pace to foreclose on more than one million homes this year. >>> despite the weak economy this could be a banner bonus season on wall street. this looks like the second-most profitable year ever for the securities industry and the average bonus may top

ashley morrison is here in new york with that and more. ashley, good morning to you. >> good morning, terrell. investors were cautious following signals china will not raise interest rates. japan's nikkei lost a fraction, while hong kong's hang seng had a late-day rally finishing higher a quarter percent. today, wall street gets the leading economic indicator list for november. on thursday, stocks got a lift. the dow gained nearly 42 points while the nasdaq added 20. >>> online shoppers have extra incentive today. more than 1500 retailers including macy's, toys are us and sears are taking part in the third annual free shipping friday guaranteeing free delivery by christmas eve if you order today. more than 60% of them have no restrictions or minimum purchases. a handful of retailers including amazon.com have extended their free shipping offers through this weekend. >>> washington's trying to crack down on debit card fees. the federal reserve proposed a 12 cent cap on the fees banks charge retailers for a transaction. that's far below the av

ashley morrison is in new york with that and more. good morning to you. >> good morning to you, terrell a rough day for most asian markets. japan's nikkei down a fraction, while hong kong's hang seng shed nearly 2%. today, wall street gets the very latest on inflation and the housing market. stocks finished higher tuesday even after the federal reserve warned the economic recovery is still not picking up enough speed. the dow gained 48 points to hit another two-year high, while the nasdaq added two and some change. >>> president obama meets with 20 ceos today at the white house. the group including the heads of ge and google will discuss tax reform, trade and job creation. a recent survey finds top executives are the most optimistic they've been about the economy since 2006. 45% of ceos surveyed expect their companies to hire more workers and spend more money in the next six months. >>> it is shaping up to be a merry holiday season for retailers. sales have been strong so far, with the biggest jump in department store purchases seen i

ashley morrison is here in new york with much more on that. good morning, ashley. >> good morning to you, betty. asian markets followed the dow's lead, japan's nikkei leaping nearly 2%, while hong kong's hang seng added nearly 1%. today, wall street gets the latest on homes sales and weekly jobless claims. wednesday, stocks started december off with a big bang. the dow shot up almost 250 points, its biggest one-day gain in three months, while the nasdaq added 51. >>> a string of positive reports suggests the economic recovery is gaining steam. private companies added 93,000 jobs in november, the biggest monthly gain in three years. most of the hiring came from small businesses. the auto industry's recovery is also gaining traction, major automakers including ford, gm and chrysler all reported double-digit sales gains in november, only toyota, which has been hurt by a string of safety recalls had a sales drop. retail spending rose last month as holiday shoppers jumped on discounted deals, especially online where sales were up 13%. construction s

ashley morrison in new york, something like that. we'll stay with that and stick with that. appreciate it. >>> still ahead on the morning news, larry king signs off one last time on his historic show. >>> plus bus brawl, young girls caught on tape in a shocking attack. this is the "cbs morning news." hey, guys. printer's out of ink. just shake it. [ rattling ] [ male announcer ] need ink? staples has a low price guarantee on all the ink you need. find a lower price at another store, and we'll match it. that was easy. ah, it's stinging a little bit more than usual! yeah, you'll get used to it. the longer you keep your high mileage car, the more it pays you back. get castrol gtx high mileage. it helps engines last longer by fighting the main causes of engine failure. i think a dime went up my nose. yeah, it happens. don't change your car. change your oil to castrol gtx high mileage. its more than just oil. it's liquid engineering. ♪ the best is yet to come and, babe, won't that be fun ♪ >> tony bennett serenaded him, the president saluted his 25 years on the air. katie couric

ashley morrison is here in new york with that and more. to you. >> good morning to you, terrell. stocks began in asia with the korean peninsula -- i'm sorry with the military drills on the korean peninsula sent a chill across the asian markets. japan's nikkei lost nearly one%. while hong kong's hang seng was down just a fraction. wall street begins the holiday-shortened week trying to hang on to the week's gains. most analysts expect a quiet week with many traders either on vacation or already locked into profits. last week, the dow gained more than half a percent while the nasdaq edged up a fraction. >>> it's beginning to look a lot like a pre-recession christmas for retailers with sales up across the board. according mo mastercard americans spent almost 10% more on clothing, 2.5% more on luxury items and 3% more on furniture than last season. malls reported high traffic this past weekend especially super saturday, the last one before christmas. and the best news for retailers, more than a third of americans still have some holiday shoppin

ashley morrison will break all that down for us. good morning, ashley. >> good morning to you, betty. asian markets saw late-day losses. japan's nikkei hung on to a gain, a fraction, and hong kong's hang seng lost half a percent. on wall street, the focus today, the government's november jobs report. analysts expect it to show the private sector added at least 150,000 jobs last month. that would make five straight months of gains. still, the economy needs 200,000 a month to really put a dent in the unemployment rate, which is projected to hold steady at 9.6%. stocks are looking to keep the rally going after big gains thursday. the dow jumped 106 points, the nasdaq rose almost 30. >>> if congress fails to extend the bush-era tax cuts, some think it could spark a major stock sell-off this month. a handful of analysts warned thursday if the capital gains tax rate remains at risk of rising many investors will sell their holdings soon to avoid a higher rate next year. while it is unclear how bad it could be could wipe out all the gains th

ashley morrison in new york. thanks. >>> actor hugh jackman was injured this morning doing a stunt for the oprah winfrey show. he was zip lining from the top of the sydney opera house in australia onto the stage. the actor said he hit the brakes too late causing him to smack his face on some scaffolding hurting his eye. paramedics said he was okay. the stunt was for a taping of the oprah winfrey show. he was accompanied by american audience members who traveled with her to the land down under. only oprah could pull that off. >>> straight ahead on your tuesday morning we'll have your weather forecast and in sports, surprise, surprise free agent ace cliff lee shocks the baseball world with his destination for 2011. r 2011. if you live for performance, upgrade to castrol edge advanced synthetic oil. with eight times better wear protection than mobil 1. castrol edge. it's more than just oil. it's liquid engineering. so that's why we have sensodyne iso-active whitening for those that are looking for it. it comes in a

>> ashley morrison in new york. always good to see you. thanks. >>> meanwhile baseball fans everywhere are mourning one of the great ones hall of fame pitcher bob feller died last night in hospice in cleveland. and iowa farm boy. he began his career with the indians in 1936 at age 17. he went on to win 266 games over 18 seasons despite navy service during world war ii. in 1948 rg he led the ipdians to their last world series victory. healthy much of his life bob feller ditd of leukemia. he was 92. oovpz. ♪ hey! wait up! ♪ [ female announcer ] you see a mud stain. but new wisk sees a particulate stain. with our breakthrough stain spectrum technology, wisk is engineered to fight all the major stain groups like particulates and oils. [ girl ] that lip gloss is soooo cute on you. [ female announcer ] you'll never look at stains the same way again. for a powerful clean against a full range of stains, use new wisk. fight stains with science. use new wisk. ah, this is hey guys. what the eightsorry we're late. milk looks warm. finally got the whol

ashley morrison in new york, something like that. we'll stay with that and stick with that.ppreciate it. >>> st bus brawl, young girls caught on tape in a shocking attack. this is the "cbs morning news." hey, guys. printer's out of ink. just shake it. [ rattling ] [ male announcer ] need ink? staples has a low price guarantee on all the ink you need. find a lower price at another store, and we'll match it. that was easy. ah, it's stinging a little bit more than usual! yeah, you'll get used to it. the longer you keep your high mileage car, the more it pays you back. get castrol gtx high mileage. it helps engines last longer by fighting the main causes of engine failure. i think a dime went up my nose. yeah, it happens. don't change your car. change your oil to castrol gtx high mileage. its more than just oil. it's liquid engineering. ♪ the best is yet to come and, babe, won't that be fun ♪ >> tony bennett serenaded him, the president saluted his 25 years on the air. katie couric and other network news stars stopped by. it was all for larry king's final show on cnn last night,

ashley morrison is here in new york with much more on that. you, betty. asian markets saw late-day rallies japan's nikkei added half a percent, while hong kong's hang seng gained more than one percent. today wall street gets the latest on the labor market and construction spending. tuesday stocks fell to finish the month on a down note the dow lost 46 points while the nasdaq was down 27. those losses added to a november to forget. for the month, the blue chips fell one percent, the nasdaq, about half a percent. >>> analysts expect good news when automakers release sales figures this morning. ahead of the numbers both gm and chrysler plan to hire a thousand engineers and researchers. chrysler will add the jobs the next four months and gm will spread them over the next couple of years. >>> the first chevy volt rolled off the assembly line tuesday. the all-electric car already named the motortrend car the year even though it hasn't yet hit showrooms. when it does it will have a sticker price just under 41,000 but buyers will be eligible for a $75

ashley morrison is here with that and more. good morning to you. >> good morning, terrell. markets got a boost after china decided against raising interest rates. japan's nikkei rose nearly one percent while hong kong's hang seng gained more than half a percent. >>> on wall street the last full week of trading before the start of the new year. last week stocks made gains. the dow edged up a fraction while the nasdaq tacked on almost 2%. >>> it's green monday, traditionally one of the biggest days of the online shopping season. analysts expect consumers to spend close to a billion dollars on the internet today alone. today is also expected to be the busiest day for shippers nationwide but many consumers advocates say don't be fool the, the discounted deals and free shipping offers should still be available after today and the best time to shop for bargains is actually the week after christmas. >>> supermarket chain a & p filed for bankruptcy. once the nation's biggest grocer, the great atlantic & pacific tea company filed for chapter 11 sunday as it struggles with enormous d

ashley morrison is in new york with more. good to see you. welcome back. >> thank you so much.ning to you, terrell. most asian markets finished with overall gains for the year. this morning, hong kong's hang seng had a shortened session, ending up a fraction, while japan's nikkei is closed for the holiday. >>> today, wall street tries to end the year on a high note. thursday, stocks dipped as investors locked in profits. the dow lost 15 points. the nasdaq gave back nearly four. >>> no matter how today's trading session ends up it has been a good year for wall street. for the year the dow is up almost 10% and the nasdaq, more than 16%, both are back to levels last seen more than two years ago, before the financial crisis really took its toll. >>> and a handful of new recalls from detroit to end the year chrysler recalling 2008 to 2011 dodge ram trucks because of possible steering problems. 65,000 dodge journey suvs are recalled to fix side airbags that might not deploy. and ford is recalling nearly 15,000 trucks and crossover suvs. the automaker says a faulty piece of equipment

ashley morrison is here in new york with more on that. >> good morning to you, betty. asian markets started with losses before ending with mixed results. japan's nikkei lost a fraction while hong kong's hang seng climbed nearly 1%. today wall street gets the very latest on the labor market, and consumer credit. on monday the market broke its winning streak. the dow lost almost 20 points while the nasdaq gained 3 1/2. >>> taxpayers should make a nice profit on the citigroup bailout. after pumping $45 billion into the bank two years ago to save it from bankruptcy, the government sold off the last of its shares monday and made $12 billion in the process. the deal is expected to close on friday. >>> some good news to report on the jobs front. a survey released overnight shows 9% of employers plan to do some hiring early next year. that's the biggest percentage since 2008, but still five points lower than the average from 2001 to 2010. the survey also shows fewer employers plan to cut jobs. >>> consumer reports says at&t's cell service is the worst in america. the magazine

cbs's ashley morrison reports. >> reporter: less than a month after being found guilt any a crime thatinjection. before the judge handed down his sentence, the lone survivor, dr. william petit, read an emotional statement saying with no wife, no children, no home and no interest in life in general, that he seriously considered suicide after the day in july 2007 when hayes along with accused co-defendant joshua komisarjevsky broke into his home, beating him way baseball bat and later raping his wife jennifer hawke-petit and his daughter, 11-year-old michaela petit. prosecutors say komisarjevsky then murdered jennifer and 17-year-old haleigh petit dousing the house with gasoline and setting it on fire. for the first time hayes gave a statement saying death for me will be a welcome relief. >> he knows the devastation he caused. >> komisarjevsky's trial is set to begin next year. legal experts say hayes death sentence might have an effect. >> make it all the harder to get a jury in the next trial, because so many in the state of connecticut are familiar with these intimate details of the c

that is your money watch for more stay with cbs money watch.com in new york i am ashley morrison. >>>a.m. today is the first day at a brand new office for 500 employees of communication giant nokia. the company's new facility is in sunny vail a city struggling to renovate and revive downtown the new building let's nokia consolidate offices that have been scattered in mountain view, men low park and san francisco. >>> fedex expects today to be the busiest day in its history they predict it will ship 16 million packages up 12% from the peak day last year and double the volumes they hand 8 on a normal day and an indication consumer demand is rising holiday sales on the internet are expected to climb 15%. >>> as someone who already got his christmas pres sent a redwood city man got his leaf. the car arrived friday night in petaluma. the leaf is 100% electric first of its kind available for mass consumption and all for $33,000. with all the tax credits it is only $20,000. >> i wanted to get this car because it is the only one which is electric, going to fit my family. >> of course, to keep

ashley morrison joining us live in new york.hank you. >>> just ahead on the morning news a scientific breakthrough baby mice produced from two males. >>> plus, burn notice. authorities set fire to a house filled with explosives. you're watching the cbs morning news. [ female announcer ] with rheumatoid arthritis, there's the life you live... and the life you want to live. fortunately there's enbrel, the #1 most doctor-prescribed biologic medicine for ra. enbrel can help relieve pain, stiffness, fatigue, and stop joint damage. because enbrel suppresses your immune system, it may lower your ability to fight infections. serious, sometimes fatal, events including infections, tuberculosis, lymphoma, and other cancers, and nervous system and blood disorders have occurred. before starting enbrel, your doctor should test you for tuberculosis. ask your doctor if you live or have lived in an area where certain fungal infections are common. don't start enbrel if you have an infection like the flu. tell your doctor if you're prone to infect

ashley morrison is in new york with the latest on that. good morning, ashley. >> good morning to you, betty. >> asian markets mostly slid. hong kong's hang seng tumbled more than one percent and the nikkei bucked the trend. climbly nearly one percent. today, wall street tries to restart the rally after stocks finished flat tuesday. the dow lost three points, while the nasdaq gained three. >>> the tentative tax cut deal on capitol hill is getting mostly positive reviews from economists, putting more money into consumers' pockets should boost spending which should spark the economy. some analysts have even suggested the cuts could create more than one and a half million jobs next year. many coming from the small business sector. the biggest drawback, the package could cost up to a trillion dollars, making an already bad budget deficit problem much, much worse. >>> the obama administration reportedly pressing fannie mae and freddie mac to reduce. the loan balance of bow woers who owe more than their homes are worth. but, according to the "wall

ashley morrison is here in new york with all of that. good morning, ashley. >> good morning to you, betty. asian markets saw late-day losses. japan's nikkei dipped a fraction, while hong kong's hang seng finished lower about a third of a percent. on wall street it tries to keep the rally going after last week's gains, the best for the market in a month. the dow jumped more than two and a half percent, while the nasdaq added more than 2%. >>> many economists are still scratching their heads over friday's jobs report showing the economy created just 39,000 jobs last month. analysts were expecting around 150,000. the disappointing numbers pushed the unemployment rate to 9.8%. it's now been above 9% for a record 19 straight months. >>> the days of three-dollar-a-gallon gas appear to be right around the corner. the price for a fill-up has jumped four cents in just the past week to a nationwide average of 2.94 a gallon. last december, it was almost a quarter cheaper. analysts blame a weak dollar and the cost of crude oil, which is at a 25-month