ashley morrison is here in new york with more on that. d morning, ashley. >> good morning to you, michelle. overseas the bank of japan's decision to extend its asset buying program did not help markets. tokyo's nikkei lost nearly 0.5%, logging its worst april performance in seven years. while hong kong's hang seng lost more than 0.25%. >>> the house will vote on a bill that would keep interest on student loans from doubling in july. however the two parties are split on where to find the $6 billion needed to keep rates at their current level. >>> the number of people applying for unemployment benefits remained stuck near a not seem to affect the markets. the dow was up 113 points, while the nasdaq gained 20. >>> amazon.com posted monster numbers in the first quarter. the online retailer said its net income was $130 million. much more than what analyst had predicted. amazon's surge is due in part to sales of the kindle fire. >>> speaking of online shopping, you'll soon be able to pay for cash for items you buy on walmart's website. shoppers

ashley morrison is here with that and more. good morning. >> good morning.fears about europe's debt dragged down overseas markets. tokyo's nikkei lost 0.25% for a third straight week of losses while hong kong's hang seng gained a fraction. >>> despite good earning reports from southwest airlines, ebay and bank of america, stocks on wall street solid thursday. the dow lost 67 while the nasdaq lost 23. >>> today's the second anniversary of the explosion on the deepwater horizon in the gulf of mexico. it killed 11 people and triggered the worst offshore oil spill in u.s. history. economic repercussions from the disaster are still being felt. on thursday the justice department said about 7300 residents and businesses harmed by the spill will get more than $64 million in extra payment because their claims to the compensation fund set up by bp were wrongfully denied. bp has spent more than $22 billion on responding to the oil spill. >>> unions at american airlines are reportedly supportive of a potential takeover bid by us airways. cbs news has learned us airways

ashley morrison's here to explain all of that and more. good morning, ashley. >> good morning to you, michelle. overseas markets were flat this morning. tokyo's nikkei was unchanged while hong kong's hang seng gained more than 0.5%. the federal reserve wrapped up its two-day meeting saying the economy is experiencing moderate growth and that there is no immediate plan to provide any economic stimulus. at a news conference after the meeting, chairman ben bernanke said he expects interest rates to remain at record low levels and that gains made in hiring were likely caused by the mild winter. >>> on wall street, more positive earnings reports sent stocks higher. dow gained 89 points while a strong showing by apple helped the nasdaq have its best day of the year. the index added 68 points. >>> today we'll get the weekly jobless claims report from the labor department and data on home sales from the national association of realtors. eanwhile, the firm realty track is reporting foreclosures were up last quarter in more than half of the nation's

ashley morrison with more. >> good morning to you. visa says its credit card system is up and running again after an outage on sunday afternoon. some customers were unable to make purchases with their cards for about 45 minutes. visa says the outage was caused by a recent upgrade to its network. the company added the problem has nothing to do with the security breach reported last week. >>> overseas markets were mostly higher. tok tokyo's nikkei added a quarter percent, while hong kong's hang seng lost less than half a percent. >>> we'll get the march jobs report but the markets will are to wait through the weekend to react. they'll be closed in observance of good friday. last week dow wrapped up best first quarter since the 1990s adding 130 points for the week while the nasdaq gained 23. >>> according to a report in "the wall street journal" hostess' plan emerging from bankruptcy is to ask union workers to accept a salary freeze. they went into bankruptcy court early this year. the company says freezing wages for about 16,000 workers

ashley morrison is here in new york with that and more. good morning. >> good morning. stocks overseas fell into red territory this morning. tokyo's nikkei lost more than 2% to finish at its lowest level in five months. hong kong's hang seng was closed for a holiday. >>> a three-day winning streak was snapped after a fefb official said they were concerned owe a slowdown in hiring. the dow slid 64 points while the nasdaq lost 6. >>> at the white house today, president obama will sign is the stock act into law. the legislation prevents members of congress or their staffs from using inside information to make stock deals. the bill was passed with bipartisan support following a report by "60 minutes." >>> this weekend microsoft will make its biggest push yet into the smartphone market. nokia releases windows phone on sunday. it will cost about $10 0 but it's worth a lot to microsoft and nokia. both companies have struggled to connect with u.s. smartphone buyers. >>> and speaking of smartphones, if yours dies while in a new york city cab, you can recharge it soon. nissan unv

ashley morrison here in new york. thanks for joining us. >>> straight ahead, your monday morning weather. in sports, playoff pressure. the l.a. clippers make an incredible comeback against the memphis grizzlies. living with the pain of moderate to severe rheumatoid arthritis... ...could mean living with joint damage. help stop the damage before it stops you... ...with humira. for many adults with moderate to severe ra,... ...humira's proven to help relieve pain and stop joint damage. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal events can occur, such as infections, lymphoma, or other types of cancer, blood, liver, and nervous system problems,... ...serious allergic reactions, and new or worsening heart failure. before starting humira, your doctor should test you for tb. ask your doctor if you live or have been to a region where certain fungal infections are common. tell your doctor if you have had tb, hepatitis b, are prone to infections, or have symptoms such as

i'm sure he will. >> ashley morrison here in new york. thanks. >>> well, straight ahead, your thursday morning weather. in sports, the end of an era. pat summitt steps down as head coach at tennessee and what a record she leaves behind. [ woman ] when my asthma symptoms returned my doctor prescribed dulera to help prevent them. [ male announcer ] dulera is for patients 12 and older whose asthma is not well controlled on a long-term asthma control medicine, like an inhaled corticosteroid. dulera will not replace a rescue inhaler for sudden symptoms. dulera helps significantly improve lung function. this was shown over a 6 month clinical study. dulera contains formoterol, which increases the risk of death from asthma problems and may increase the risk of hospitalization in children and adolescents. dulera is not for people whose asthma is well controlled with a long-term asthma control medicine, like an inhaled corticosteroid. once your asthma is well controlled your doctor will decide if you can stop dulera and prescribe a different asthma

ashley morrison is here in new york with that and more. good morning. >> good morning to you.eas markets could not shake off the losses. tokyo's nikkei finished to a half a percent lower to a four-week low while hong kong's hang sell fell nearly 1%. >>> government releases a report on weekly unemployment claims. investors hope it's good enough to trigger a rebound on the stock market. on wednesday the dow had its worst day in a month, losing 124 points, while the nasdaq fell 45. >>> oil prices are back above $102 a barrel this morning after sinking to their lowest level in nearly two months. the selloff was due to an increase in u.s. crude supplies which suggest demand for oil is slipping. >>> president obama is scheduled to sign the jobs act in the white house rose garden today. the administration says the legislation will help small businesses and start-ups grow and fuel job growth. house majority leader, eric cantor, who has been an outspoken critic of the president, will be at the signing ceremony. he praised congress's bipartisan effort to pass the bill. >>> the troubled

ashley morrison's here in new york with more on that. good morning. >> good morning to you, michelle. some strong earnings reports propelled blue chips higher on tuesday. the dow added 74 points while the nasdaq lost 8. >>> overseas markets got a boost on u.s. earnings news. tokyo's nikkei gained nearly 1% while hong kong's hang seng lost a fraction. >>> apple shines for investors. the world's most valuable technology company sold 35 million iphones for the first quarter of the year, double what it sold last year and far beyond analyst expectations. apple's stock price jumped 7% after the closing bell. >>> most economists think the federal reserve will keep interest rates where they are following today's meeting. the fed releases its latest round of quarterly forecasts today. it's likely that fed chair ben bernanke will cite enough economic growth to leave borrowing cost as is. >>> federal prosecutors made the first arrest connected to the bp gulf oil spill. two years ago an oil rig explosion set off the worst oil spill in u.s. history.

ashley morrison is here in new york with that and more. rning, ashley. >> markets overseas were cautious. tokyo's nikkei fell a fraction while hong kong's hang seng dropped more than 1.5%. >>> this week ben bernanke will answer questions about the weak march jobs report. and could hint about any future economic stimulus. wall street is coming off its first winning week in the month of april. dow was up 179 points for the week, but the nasdaq dipped 10. >>> after a four-month surge, gas prices are starting to head back down. according to the lundberg survey, prices at the pump have fallen five cents a gallon over the last two weeks. the nationwide average is now $3.91. >>> walmart says it's deeply concerned about bribery allegations involving its unit in mexico. according to a report in "the new york times," the reseller launched an investigation in 2005 but shut the probe down and failed to notify u.s. or mexican law enforcement officials. "the times" reports walmart did eventually disclose information to u.s. authorities but only after the

ashley morrison is here in new york with all of that. >>> a mixed day for overseas stocks.'s nikkei lost half a percent while hong kong's hang seng rose more than 1%. a positive report on u.s. manufacturing sent stocks higher on wall street. the dow picked up 52 points while the nasdaq gained 28. >>> the federal government is suing one of the biggest banks in canada. the commodity futures trading commission is accusing the royal bank of canada of completing hundreds of millions of dollars worth of sham futures trades. they allege the bank received tax benefits because of those trades. >>> a pennsylvania meat company is blaming its bankruptcy on the negative coverage of so-called pink slime. they filed for chapter 11 on monday. they say media coverage of the meat additive has led to changes in the market. it's made with meat trimmings and treated with ammonia before adding to the ground beef. yesterday the governor called for an investigation into what he called a smear campaign against the additive. >>> we still don't know who won friday's mega millions jackpot, but student

ashley morrison here in new york. thank you. >>> coming up on the "cbs morning news" sticker shock for medical care as some patients get stuck with medical bills. first, though, scott pelley has a preview of tonight's "cbs evening news". >>> it was big business when the house market was booming. real estate investors who were profiting by fixing up and reselling distressed homes. is this a sign that the housing industry is turning around? we'll have that story tonight on the "cbs evening news." off kenmore appliances. 20% plus, an extra 15% off all appliance brands with your sears card. or get 50% off all kenmore wall ovens with your sears card. thinking of going somewhere else? think again. sears. so i get claritin clear. ♪ i can see clearly now the rain is gone ♪ look! see that? this is all bayberry, and bayberry pollen is very allergenic. non-drowsy claritin relieves my worst symptoms for 24 hours... you guys doing good? ... including itchy eyes, runny nose, and sneezing. and only claritin is proven to keep me as a

ashley morrison is here with more on that. good morning. >> good morning to you, michelle. the trustees in charge of social security and medicare say the benefit programs are closer to going broke than previously thought and they are placing a blame on a surge of retires, a weak economy, and a lack of reform from washington. the trustees are reporting social security trust funds will likely run dry in 2033, three years earlier than previously expected. they could run out by 2016 and medicare's hocht fund will be out of money by 2024. >>> back overseas we're mostly low e. tokyo's nikkei fell losing more than half a percent while hong kong's hang seng roiz about a quarter percent. >>> the dow drops 102 points while the nasdaq lost 30. >>> gas prices continue to inch back down, according to aaa. the average cost of a gallon of regular is now $3.85. that's down 5 cents from a week ago and is about the same price from exactly one year ago. industry analysts say prices should hover there until about summer but he warns lower prices are not necessarily a positive sign. >> it's kin

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ashley morrison is here with more. >>> good morning, michelle. stocks overseas continued to slump this morning. tokyo's nikkei lost a fraction closing down for a sixth straight day, while hong kong's hang seng dropped more than 6%. the dow lost 130 points to slip below 13,000, while the nasdaq fell 33. >>> it's the deal that has the tech world buzzing. facebook is spending $1 billion to acquire the photo-sharing company instagram. by acquiring the company, facebook will gain the technology that has attracted about 30 million users of instagram in more than a year. facebook will pay cash and stock for instagram and will hire the company's dozen or so employees. >>> microsoft is paying out billions of dollars to hundreds of patents held by aol. following the announcement aol shares surged to their highest level in more than a year. >>> chairman ben bernanke says the federal reserve is still working toward fixing regulatory problems that came to light during the 2008 financial crisis. last night he told an audience is that that regulators must also

ashley morrison's here in new york with more. >> good morning, michelle. markets overseas got a boost. hong kong's hang seng gained more than 1.5%. tokyo's nikkei is closed for a holiday. this week we'll get the april jobs report. investors are hoping to see an improvement over the march unemployment numbers but analysts believe the unemployment rate will remain unchanged. on wall street stocks bounced back last week. the dow regained all of its losses for april, adding 199 points over the week while the nasdaq gained 69. >>> gas prices continue their downward trickle. according to aaa the cost of a gallon of regular fell a nickel this week. the national average is $3.8 2, about nine cents lower than the same price a year ago. >>> apple's profits may be through the roof but the company's tax bill hasn't changed much. according to a report in "the new york times," apple uses subsidiaries in low tax nations to keep its taxes lower. methods are legal and may have saved apple as much as $2.4 billion last year. >>> and at the box office, make it two in a row fo