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ashley morrison is here in new york with that and more. morning. >> good morning to you, betty. well, stocks in asia were mostly higher today. the nikkei closed 0.3% higher while hong kong's hang seng was flat. >>> on wall street, news that applications for unemployment dropped more than expected sent stocks higher. the dow jumped over 45 points, while the nasdaq added 8. >>> despite that jobs report yesterday, job creation in this country remains at the slowest post-recession pace since the great depression. the unemployment rate standing at 9%. "usa today" reports the nation has 5% fewer jobs today than it did when the recession began back in december of 2007. >>> quite a market debut for the business networking site linked in. linked in went public yesterday, and within minutes its shares more than doubled in price. by the closing bell the company had a market value of $9 billion. that is the highest for any internet offering since google had its initial public offering seven years ago. >>> honda's recalling more than 1,000 new honda ci

ashley morrison is here in new york with the latest on that. good morning, ashley. >> and good morning to you, betty. well, not a good day for the asian markets. tokyo's nikkei and hong kong's hang seng each lost more than 1% and the price of oil plunged, losing 6% to trade at about $100 a barrel. >>> today, wall street gets the latest on inflation and retail sales, as well as those weekly jobless claim numbers. on wednesday, stocks took a hit with energy stocks leading the way down. the dow lost 130 points, wiping out all of its gains for the week. while the nasdaq gave back almost 27. >>> new numbers released overnight show foreclosure filings were down 9% from march to april, and down 34% from this same time a year ago. but analysts say the decline is because of processing delays and not a sign of recovering in the housing market. from january to march, the foreclosure process took an average of 400 days to run its course. >>> after getting hammered by the stock market crash and recession, 401(k) balances have reached a 12-year high. accordin

ashley morrison is here in new york with the latest on all of that. od morning, ashley. >> and good morning to you, betty. japan has fallen back into a recession. japan's gross domestic product fell by 3.7% in the first quarter. that is the second straight quarter japan's economy has shrunk. it was a mixed day for asian markets. tokyo's nikkei was down 0.1% while hong kong's hang seng rose 1%. >>> today, wall street gets the latest on home sales and the weekly jobless claim numbers. on wednesday, stocks followed commodity prices higher. the dow jumped 80 points while the nasdaq added 31. >>> internet company linked in is set to score big today with its initial public offering of stock priced at $45 a share. that values the 8-year-old business social network at $4.25 billion, making it the biggest tech ipo since google in 2004. the big winner today will be company founder reed hoffman who could net more than $850 million. the site's popularity has surged in recent years, adding a new user every second. >>> chrysler is close to repaying its taxpayer bail

it's funny. >> ashley morrison here in new york. good to see you.hank you. >>> coming up your monday morning weather. and in sports, lebron james and the heat are on fire. nba playoff action coming up. living with diabetes is a reality for me, but i learned that i don't have to use a vial and syringe as part of my daily routine anymore. my doctor showed me the novolog mix 70/30 flexpen. flexpen is discreet and comes pre-filled with my insulin. flexpen goes with me and doesn't need refrigeration. and it's covered by most insurance. if you're still using a vial and syringe, ask your healthcare provider about the benefits of flexpen. flexpen is a discreet, pre-filled, dial-a-dose insulin pen. you can dial the exact dose of insulin you need. and inject insulin by pressing a button. novolog mix 70/30 is an insulin used to control high blood sugar in adults with diabetes. do not inject if you do not plan to eat within 15 minutes to avoid low blood sugar. tell your healthcare provider about all medicines you take and all of your medical conditions, includi

ashley morrison in new york with that and more. good morning to you. >> good morning to you, terrell. a pretty quiet guy for the asian markets. tokyo's nikkei lost a fraction while hong kong's hang seng traded higher and oil keeps creeping higher today, trading at around $101 a barrel. >>> today, wall street gets the april income and spending report, and the latest check of the housing market. on thursday, stocks finished higher, despite a jump in jobless claims. the dow gained 8 points while the nasdaq added 21. >>> this is get away day for the memorial day weekend. aaa expects 34.9 million americans will travel 50 miles or more from home over the course of the holiday. that's a slight increase from last year. and drivers will be keeping a little bit more cash in their pockets. the national average for a gallon of regular gas is $3.81 a gallon, down nearly a dime from a week ago. >>> a wisconsin judge has struck down the law stripping collective bargaining rights for most public workers. the court ruled state lawmakers improperly

ashley morrison here in new york with that and more. good morning to you. >> good morning to you, terrell. asian markets rebounded today as worries eased over europe's debt crisis. japan's nikkei gained almost 1.5% while hong kong's hang seng also traded higher. and the price of oil also rose to nearly $102 a barrel. >>> today, wall street gets the weekly jobless claim numbers, and the latest measure of gdp. on wednesday, stocks snapped their losing frequent. the dow gained 38 points while the nasdaq added 15. >>> nearly a third of all homes sold last quarter were in foreclosure. the average sale price was $168,000. that's about 27% lower than a home not in foreclosure. once again, nevada, california, and arizona had the highest percentage of foreclosure sales. >>> you may want to do your christmas shopping now, because toy prices are expected to go up in the coming months. china, which is struggling with high inflation, is raising prices on u.s. toymakers, including hasbro and mattel. >>> it will soon be a lot easier to bank using just

ashley morrison is here. good morning. >> a mostly down day for asian markets. the hang seng dropped more than 1.5 and tokyo's nikkei was closed for a national holiday. wall street gets the latest on the labor market, on tuesday weaker than expected corporate profits pushed stocks lower. the dow was mostly flat while the nasdaq lost 22. >>> numbers released overnight show a mixed picture for the retail sector, according to mastercard clothing and luxury sales rose more than 10% last month compared to april of last year but the normally steady sales of electronics took a hit, dipping 2% and online sales got another boost, climbing almost 20%. >>> high gas prices are boosting the sales of smaller, more fuel-efficient vehicles, both general motors and ford saw double-digit sales increases in april. the compact chevy cruise accounted for better than 10% of gm's sales and ford saw a big jump in the sales of its focus compact. chrysler had its best april in three years. industry wide sales rose 19% last month. toyota the weakest number with sales edging up just 1%. >>

ashley morrison here in new york with that and more.good morning to you. >> good morning to you, terrell. a bounce back in commodities helped most asian markets make gains today. hong kong's hang seng climbed almost 1% but japan's nikkei bucked the trend, losing a fraction. and oil rose to nearly $99 a barrel. >>> today, wall street gets another round of corporate earnings. last week stocks took a hit despite friday's better than expected jobs report. for the week, both the dow and nasdaq were down almost 1.5%. >>> gas prices have not hit the brakes yet. according to the lundberg survey pump prices jumped 12 cents over the past two weeks, hit a national average of $4 a gallon. but, relief appears to be on the way. last week's drop in crude oil prices should lead to lower gas costs in the near future. most analysts are expecting a drop of nearly 50 cents as early as june. that would save u.s. drivers almost $190 million a day. >>> new fears for the housing market this morning. real estate website zillow.com reports home values fell 3% in

ashley morrison in new york, thank you. >>> it is 6:51.acebook is apologizing for banning mark zuckerberg an indiana lawyer just happens to have the same name as facebook's founder. the social media site disabled his account saying it looked fake. well, this isn't the first time he has had to prove his identity. in the past had he to send his driver's license and passport. this time after a reporter called about the story facebook said it is reactivating his account. >>> all right. 6:52 now. we are just hours away from a major announcement on the murder-suicide at san jose state. a live report on what police could reveal about the relationship between three people killed. >>> also if you have a story idea or comment you would like to share with us, you can email brian@cbs5.com. un s ,,,,,,,,,,,,,,,,,,,, [ male announcer ] everyday, your car does a lot for you. do something for it. show it some love. chevron with techron. care for your car. san jose state's campus. ki >>> a major announcement is expected three hours from now concerning a mu

ashley morrison has the latest on that. good morning, ashley. >> good morning, betty. >>> quiet day for markets, hong kong's hang seng was closed for a holiday. today wall street gets the latest on trade inventories. on monday, stocks finished higher after a commodity gain in prices. the dow gained nearly 46 points while the nasdaq was up 15. the government is expanding the ongoing safety investigation of ford f-150 pickup trucks. the feds are looking into whether the steel straps holding the fuel tanks on certain models can corrode and break and possibly spark a fire. the government says up to 2.7 million f-150 pickups from the 1997-2001 model years could be recalled. >>> general motors is expected to make a major announcement today. the automaker reportedly will unveil a new $2 billion investment that will create more than 4,000 jobs at plants across the united states. >>> "the wall street journal report"s that microsoft is nearing a deal to buy skype. an announcement as early as today. the deal is worth $7 billion and wou

ashley morrison with the latest on all of that. good morning, ashley. >> good morning, betty.ed day for the asian markets. tokyo's nikkei went up a fraction while hong kong's hoong se hong kong's hang seng went down. oil continues to fall. it's now near $97 a barrel. washington gets it latest on housing starts and industrial production. on monday, tech stocks dragged the market down. the dow lost 47 points while the nasdaq gave back 46. drivers are seeing a little relief at the gas pump. the average price for a gallon of regular fell three cents to $3.95 a gallon. prices are starting to drop as crude oil continues to fall. some analysts think gas will fall another 50 cents before we hit the peak of the summer driving season. >>> your new blackberry tablet might have a fatal flaw. research in motion is recalling about 1,000 of its defective computers. some models may have defective operating software that can prevent users from even setting up the device. only 16 gig models are being affected. ones that do have problems will, of course, be replaced free of charge. >>> some surp

ashley morrison is here in new york with the latest on that. good morning, ashley. >> good morning to you, betty. inflation worries kept most asian markets on the down side today. hong kong's hang seng lost a fraction while tokyo's nikkei remained closed for the holiday. today wall street gets the latest on retail sales and a look at the weekly jobless claim numbers. on wednesday stocks finished lower. the dow fell nearly 84 points while the nasdaq gave back 13. >>> ahead of friday's april jobs report from the government there are new signs of weakness in the labor market. a report from the payroll company adp shows the economy added 179,000 private sector jobs last month. that's at least 25,000 fewer than expected. the unemployment rate currently stands at 8.8%. >>> general motors is recalling the hot-selling 2011 chevy cruz. gm says it wants to check the vehicles to make sure the steering shafts were installed properly. about 150,000 cars are involved. no crashes or injuries have been reported. last month more than 25,000 cruzes were sold. >>>

ashley morrison is here with that. good morning, ashley. >> good morning to you, betty. a mixed day for the asian markets. tokyo's nikkei went up a fraction, while tokyo's hong kong's hang sang fell slightly and oil is back on the rise at just below $104 a barrel. >>> today wall street gets the latest on the labor market, on monday, strong corporate profit and microsoft's proposed buy-out of skype pushed stocks higher. the dow jumped 75 points while the nasdaq gained 28. >>> toyota announced this morning its production recovery should be quicker than initially expected. the automaker now says manufacturing should gradually pick up and possibly get back to normal sometime next month, but that was about the only good news for toyota today. the company also announced its fourth quarter net profit tanked, dropping 77%. toyota is now in danger of losing its title of world's biggest automaker. >>> google could be getting ready to write a big check. on tuesday, the company disclosed it's facing a government investigation in its online advertising system. that probe is likely to

ashley morrison with more on that. good morning, ashlee. >>> good morning to you, betty.sian markets are up this morning. tokyo's nikkei jumped 1.5%. while hong kong's hang seng went up a notch and oil dipped slightly to just over $113 a barrel. today, wall street gets it latest on manufacturing and the april auto sales numbers. on monday, stocks fell after an early rally ran out of steam. the dow is at three points while the nasdaq lost nine. >>> sony cyberattack problems are expanding. the company said monday that the sony entertainment center, an online gaming center for pc users has been hit by hackers. sony shut down the site when they discovered the attack. hackers got the names, birth dates, and addresses of nearly 25 million users, but not any credit card information. the company's playstation network was hit earlier this month putting the customer information of 77 million users at risk. sony hopes to get at least part of that network back on-line this week. >>> if you're not already paying $4 a gallon, you probably will be soon. the price has jumped another 8 1/

ashley morrison is here in new york with the latest on that. ing, ashley. >> good morning to you, betty. yes, a mixed day for the asian markets. japan's nikkei was down slightly, but hong kong's hang seng edged high he and the price of oil fell to nearly $99 a barrel. >>> today wall street gets the latest on consumer prices and inflation. on thursday, stocks finished higher after commodities bounced back. the dow gained nearly 66 points. while the nasdaq added almost 18. >>> google is reportedly close to settling a government criminal probe by paying half a billion dollar fine. the tech giant has been under investigation for allegedly making millions off ads from illegal online pharmacies. google recently set aside $500 million to cover a possible settlement. >>> meanwhile, facebook has a public relations fiasco on its hands. one involving its competition with google. the social networking site admitted hiring a pr firm to try to plant stories harshly critical of google's privacy practices. the plan backfired when someone they approached went pu

ashley morrison is here with more. good morning to you. >>> mixed day for the asian markets.okyo's nikkei went up a fraction. while the hong kong hang seng dropped slightly and the oil is on the rise to just over $98 a barrel. >>> wall street gets the latest on new home sales, may is looking for the worst month since august. stocks fell again on monday on concerns that the debt crisis in europe is getting worse. on monday, the dow dropped 130 points, the nasdaq lost 44. >>> chrysler is set to pass a major milestone today on the road to recovery. the automaker will pay roughly $7.5 billion to the u.s. and canadian government. chrysler is taking out loans with better terms to do so, but even after they do, they'll still owe the u.s. government $2 billion. the government could get some of that back by selling its 8.6% stake in chrysler. >>> bank of america customers are waking up to new fees this is morning. today the bank will raise the charge on its most popular checking account from $9 to $12 and they'll hike overdraft fees. they don't want to raise customer costs but are los

ashley morrison is here in new york with that and more. ashley, good morning to you. >> good morning to you, terrell. a down day for the asian markets. tokyo's nikkei dropped a fraction while hong kong's hang seng fell more than 1%. today, wall street gets the latest on the housing market. stocks are looking to bounce back after losing momentum last week. for the week the dow lost a fraction while the nasdaq stayed pretty much the same. >>> americans are doing a better job of paying their mortgage on time. the credit agency transunion says delinquency rates fell during the first quarter to 6.19%. that rate has dropped for five consecutive quarters, but is still way above the normal 2%. delinquency rates were highest in florida and nevada. the dakotas had the lowest. >>> good news for online gamers using sony's playstation network. service in the u.s. and europe is being restored after being shut down almost a month ago because of massive security breach. over 100 million online accounts were affected. the restored operations are mainly limi