>> claire leka here in new york. claire, thank you. >>> former vice president dick cheney is apparently ready to ache aim at his former boss in a tell-all memoir. "the washington post" reports that cheney believes president bush turned away from his advice during the second term, and now the statute of limitations up. according to his biographer, cheney says, "now we're talking about after i left office. i have strong feelings about what happened, and i don't have any reason not to forthrightly express those views." >>> the scottish government says there's no final decision, but it's reported this morning that the former libyan secret service agent convicted in the lockerbie bombing will p releases. james matthews of britain's sky news reports. >> reporter: another day in jail. for the lockerbie bomber, it could be wup of his last. those inside the scottish government deciding his fate have concluded he should be sent home. it's news welcomed by british relatives of lockerbie victims but derided by those across the a

claire leka is here in new york. >> that's right, michelle. asian stocks stabilized overnight after the previous day's sell-off. shanghai stocks rebounded 1.5% from yesterday's 6% drop. on wall street, the stock market will try to pick up the pieces after its worst slide in nearly two months. but investors remain on edge following recent reports about a still sluggish consumer, which would slow any economic recovery. the dow jones industrial average begins the day down 186 points. the tech heavy nasdaq lost nearly 55. today we get a key report on new home construction which has increased in four of the past five months, after tumbling to a post-war record low. many economists believe housing, which led the economy into recession, may be one of the forces that helps to pull it out of the ditch. and we'll find out if inflation remains under control with the latest figures on consumer prices. and a day after lowe's reported weak earnings, rival home depot rolls out results before the start of trading. target will also report results. now to what

claire leka is here in new york with more. >> asian markets were mostly higher overnight. japan's benchmark nikkei gained a quarter of a percent. south korea stocks tacked on a fraction. now to wall street, the bulls are hoping to stretch their legs again today. a better than expected report on manufacturing signaled the recession. looks like it is nearing an end. that sent the blue chips surging to a fresh nine month high. the dow starts the day up 115 points. the tech heavy nasdaq gained 30 points and begins above the 2000 level for the first time since last november. and the s&p starts above the 1000 level for the first time since november as well. this month we get key economic reports on income and spending and pending home sales, which probably rose for a fifth straight month last month as lower prices and mortgage rates attracted buyers. >>> toyota turned in a smaller than expected quarterly loss of $818 million. the japanese automaker also sees less red ink for the rest of the year despite plunging auto sales and a stronger yen. toyota, which makes the popular hybr

claire leka is here with more. >> good morning to you, michelle. that's right. we did have asian markets going back to their losing ways, tumbling deep into the red. foreign investors rushed to cash in profits. steep losses in shanghai stocks. tumbled more than 4%. on wall street, a 19% drop in hewlett-packard's quarterly profits could weigh on tech stocks today. the dow begins up 82 points. the nasdaq starts higher by 25. general motors will spend the rest of the year beefing up production thanks to the government's cash for clunkers program. gm said it will increase production by 60,000 vehicles and call back nearly 1,400 laid off workers. industry wide, 411,000 vehicles have been traded in under the program. >>> watch out. your facebook page could come back to haunt you, especially if you are in the running for a new job. 45% of employers say they're now checking social networking sites, such as facebook, as they screen potential employees. 11% say they're about to start doing so. >>> sony is chopping 100 bucks off the price of playstation 3 starting today. y

claire leka is in new york with more. , claire. >> good morning to you, karen. >>> most asian markets ended in the red overnight ahead of the all important july jobs report due out this morning here in the u.s. shanghai's benchmark index tumbled more than 3%. hong kong stocks slumped 1.66%. japan's nikkei was the low winner, managing to eke out a gain of .25%. >>> on wall street, investors on edge ahead of the government's official july jobs tally. the dow jones industrial average starts the day off 24 points. the tech heavy nasdaq begins lower by 19, or 1%. >>> the senate voted to pop another $2 billion into cash for clunkers, the popular rebate program would have run out of gas today without new funds. president obama plans to sign the measure, which could allow another 500,000 car owners to trade in their gas guzzlers for more fuel efficient cars with the new funding. government rebate offer should be good through labor day. >>> in just 140 characters, twitter went down today. for the social networking site's approximat

claire leka here in new york. claire, thank you. >>> just ahead on the morning news, typhoons cause devastation across asia. >>> plus a shaky morning in japan as an earthquake strikes. >>> first, katie couric has a preview of tonight's "cbs evening news." >> nearly 12 million children face serious barriers to getting dental care due to the high cost or the lack of insurance. but now clinics all across the country are trying to help. our special series "children of the recession" continues tonight only on the "cbs evening news." i feel like i have to wind myself up just to get out of bed. then...well... i have to keep winding myself up to deal with the sadness, the loss of interest, the trouble concentrating, the lack of energy. if depression is taking so much out of you, ask your doctor about pristiq®. (announcer) pristiq is a prescription medicine proven to treat depression. pristiq is thought to work by affecting the levels of two chemicals in the brain, serotonin and norepinephrine. tell your doctor right away

>> claire leka here in new york. thank you. >>> just ahead on the morning news, a tearful homecoming for two american journalists. >>> plus massive storms bringing large hail clobber arkansas. >>> first, katie couric has a preview of tonight's "cbs evening news." >> we'll have the remarkable story of how this baseball announcer calls the plays when he's never even seen a single game. ♪ there's only one word for this ♪ ♪ it's bliss ♪ only one word describes chocolate this creamy, this rich, this indulgent. bliss. hershey's bliss chocolate. it's not just chocolate. it's bliss. discover a smoothie like no other! new activia smoothies. creamy, delicious, and above all, it contains bifidus regularis and is clinically proven to help regulate your digestive system. new activia smoothies. ♪ activiaaa! >>> it was a stormy night after a stormy day in arkansas. heavy rain, damaging winds, and large hail battered the state. huge trees fell in several communities, and hail caused widespread damage, especially to cars parked out i

claire leka is in new york with more. good morning. >> good morning. asian stocks turned lower overnight. foreign investors are waiting for more clues about the strength of the economic recovery in the u.s. japan's benchmark nikkei slipped 1.25%. hong kong stocks fell 1.5%. on wall street, stocks begin the day at nine-month highs. the dow jones starts the day up 33 points. the nasdaq begins with a gain of nearly three points. >>> it's a busy day on the economic front. the july reading on private sector employment from payroll services firm adp is due in the morning. employers are expected to have cut 340,000 jobs from their pay rolls. key reports on the service sector and factory orders are also due. meanwhile, you still have time to clunk your car into labor day. democratic leaders say the senate will join the house into pumping more money into the cash for clunkers program. so far the government says 157,000 people have taken advantage of it, at a cost of taxpayers, $664 million. the administration has released a list of the top ten vehicles purchase

claire leka here in new york. claire, thanks. >>> on the "cbs healthwatch," a large outbreak of the h1n1 flu could sweep across the nation this fall. and they're urging businesses to take steps to keep it under control. tari okita reports. >> reporter: new york's hospital is getting ready for a swine flu outbreak this fall, and not just sick patients. the hospital has to prepare for large numbers of employees coming in contact with the virus and being unable to work. >> we have been constantly preparing and updating our emergency management plans. >> reporter: the government is now advising all businesses to have a flu plan in place. guidelines are posted online at flu.gov. >> a little planning now will help ensure that our economy withstands whatever the h1n1 virus throws us this fall. >> reporter: prevention is key. if the flu hits hard, the government suggests companies cancel face to face meetings. space employees farther apart, encourage workers at high risk of flu complications, like pregnant women, to get v

claire leka here in new york, thanks so much. >>> just ahead on the morning news, joyful remembrances at the wake for eunice kennedy shriver. >>> later in sports, tiger woods takes the early lead at the pga. >>> first, though, katie couric has a preview of tonight's "cbs evening news." >> it was the concert that defined a generation, spreading a message of peace and love. now 40 years later, a rocking fight rages over where it really took place. finding woodstock in "assignment america" tonight only on the "cbs evening news." every day about 30 women in the u.s. learn that they have cervical cancer. that's why i chose to get my daughter vaccinated. i chose to get my daughter vaccinated when her doctor and i agreed that the right time to protect her is now. because it's about prevention. (nice) gardasil is the only cervical cancer vaccine that helps protect against four types of hpv. two types that cause seventy percent of cervical cancer and two more types that cause other hpv diseases. i chose to get my daughter vaccinated because the cdc recommends that girls her age get vaccinated.

claire leka is here in new york with more. >>> stock markets around the world are feeling optimisticlobal recession is ending. asian markets rallied overnight. japan's benchmark nikkei jumped more than 1%. hong kong stocks soar 2.75%. on wall street, stocks start the new week at their highest levels of the year after employers only slash 247,000 jobs last month. the dow starts the day up 114 points. the nasdaq surged 27. now, there are no economic reports on tapped today, but walmart reports earnings this week, and the fed begins its two-day meeting on interest rates tomorrow. >>> another jolt at the pump for summer vacationers. the price of gas has jumped 16 cents in the past two weeks to an average $2.64 per gallon. while we notice that the jump in prices, we can't complain too much. last year at this time, gas was $1.20 more. >>> and it appears the cash for clunkers program has hit another bump in the road. last week the senate gave the green light for an additional $2 billion for the program, which president obama approved on friday, giving consumers until labor day to trade in t

me meryl streep's julie and julia cooked up a whopping $20 million for second place. >> claire leka, you so much. >>> straight ahead, your monday morning weather. and in sports, mark teixeira and the yankees try to swep the red sox out of yankees stadium. ♪ when you take a bigger, thicker slice of the best potatoes, people notice. introducing alexia crunchy snacks. a giant leap for snack kind. all free clear 2x concentrated detergent. all free clear's powerful clean is free of the ingredients you'll find in most detergents: no perfumes... no dyes... no preservatives... free clear is specially designed for people with sensitive skin and has powerful stainlifters, so you can trust it to get the job done right. free clear is the number-one detergent recommended by dermatologists... "! so, for a pure clean, all free clear is all you need. combines two powerful medicines for fast relief of your diarrhea symptoms, so you can get back out there. imodium. get back out there. >>> here's a look at the weather in some cities around the country. new york, mostly sunny, 93. miami, partly cloudy,

claire leka here in new york. claire, thanks. >>> on the "cbs healthwatch," a new study released this morning finds that more american teenagers are abusing adhd drugs. over eight years, calls to poison control centers about teens abusing attention deficit drugs soared 77%. abuse typically involves crushing and snorting the pills, which speeds up the effects, but can produce life-changing side effects. >>> in sports, the phillies close out the mets in historic fashion. i never thought it could happen to me... a heart attack at 53. i had felt fine. but turns out... my cholesterol and other risk factors... increased my chance of a heart attack. i should've done something. now, i trust my heart to lipitor. when diet and exercise are not enough, adding lipitor may help. unlike some other cholesterol lowering medications, lipitor is fda approved to reduce the risk... of heart attack, stroke, and certain kinds of heart surgeries... in patients with several common risk factors... or heart disease. lipitor has been extens

claire leka is here with details. >> good morning to you, michelle. the nikkei slumped nearly 1.5%. hong kong stocks slid 3%. wall street starts with its biggest loss in five weeks as investors worry that the markets' steep gains in the past month could unravel if the economy doesn't show more signs of strengthening. the dow jones starts the day down 96 points. the tech heavy nasdaq fell 22. the federal reserve wraps up its two-day meeting on interest rates with an announcement this afternoon. the central bank is expected to hold rates steady, as historic lows near zero. investors will be closely watching its statement. the bankers are expected to say that the economy is picking up but they remain cautious about the outlook. to a remedy for the ailing economy that's having an impact. so many people have taken advantage of the cash for clunkers program that the advantage fuel efficiency for new vehicles in july climbed above 22 miles a gallon. impressive maybe until you hear this. at the official unveiling yesterday, general motors said the new chevy volt can get a whopping 230 miles

claire leka here in new york. aire, thanks. >>> just ahead on the morning news, tracking tropical storm danny as it makes a run for the east coast. >>> plus h1n1 hype. health officials say don't panic over worst case scenarios. >>> first, katie couric has a preview of tonight's "cbs evening news." >> as citizens pay their respects to senator ted kennedy, we'll look at the next generation of the kennedy family. how they're pursuing public service outside of public office. our coverage continues tonight on the cbs evening news live from boston. karl, don't you have friends coming over? yeah, so? have you smelled this chair? or these curtains? you've gotta wash this whole room! are you kidding? wash it?! let's wash it with febreze! whoa! [ sniffs ] hey mrs. weber. [ sniffs ] it smells nice in here. i like to keep things fresh. [ male announcer ] for all the things that you can't wash, wash it with febreze. febreze now comes in two fresh new scents -- downy april fresh and gain apple mango tango. some 100-calorie snack

>> claire leka here in new york. and new rules for credit card companies are in effect today. credit card users must be given 45 days notice of interest rate changes, and they must get their bill at least 21 days before payment is due. but the companies also raised interest rates sharply before the new rules kicked in. kelly wallace reports. >> reporter: credit card companies say they're adjusting for the marketplace, but consumers say it's a money grab. >> stabbed in the back. >> reporter: outside pam and joe never missed a payment but still saw their interest rates on one of their bank of america cards more than double to 39%. >> i feel that sad state of affairs when we pay bank of america and they tn around and try to make more 3407b money off of us. >> reporter: card issuers appear to be locking in profits before the toughest restrictions on fees begin in february. since president obama signed it into law, the average variable rate has increased from 10.79% to 11.22%. and a report today finds that credit limits h

karen brown is in this morning for claire leka with that and more on the cbs "moneywatch." >> reporter: good morning. asian stocks were down today after surging on the optimism over the newly elected government. the nikkei quickly fell back. it was down less than 1%. on wall street, the dow will start the day out on the down side. it finished up on friday down 36 points. the nasdaq is just about even. it closed friday up about one point. this week he investorses will be watching closely for two key reports. the latest unemployment figures will be released later this week and more americans are expected to lose their jobs. also, the monthly auto sales will be out tomorrow. they're expected to have the first year to year increase in two years. the cash if clunkers program is being given all the credit. and for those folks in the new pul efficient car, they're getting another break. the price of gas has dipped slightly to a national average of $2.61 a gallon, down about two cents from a week ago. and for all those who flock to the movies to for get their financial troubles, it was the fin

claire leka, good morning. >>> asian markets opened the week in the loss column.investors are nervous after the u.s. consumer after confidence in august came in weaker than expected. japan's benchmark nikkei tumbled nearly 3% despite news the nation's largest economy is no longer in recession. shanghai stocks plunged more than 5%. on wall street, investors are hoping to restart the 5 five month old rally. the dow jones starts down 77 points. the tech heavy nasdaq begins off 24. >>> retailers report earnings this week. the number two retail chain lowe's reports this morning. >>> they're wielding the budget ax in chicago. except for emergency workers, all city services will stop today from garbage pickups to libraries. those city workers won't be paid and will resume work tuesday. the citi's budget calls for three planned days off in 2009, saving chicago millions. >>> the trains will continue to roll this morning in san francisco and oakland. bay area rapid transit has reached a tentative contract agreement with the local transit union. negotiations got testy after

claire leka is here with more. >> good morning. asian stocks did head higher overnight.nikkei jumped 1.75%. shanghai stocks soared 2%. on wall street, the dow starts up 200 points. more signs the economy is on the mend. a new survey shows consumer confidence rebounding this month, meaning americans are more likely to spend. in the housing market, a new report says home prices in 20 major cities rose nearly 3% in the second quarter of this year. the first quarterly increase in three years. and we may get more good news this morning. a report on new home sales expected to show that sales rose for the fourth straight month in july. analysts also expect a separate report will show that orders for durable goods, such as autos and appliances rose 3% last month after falling more than 2% in june. now cash for clunkers ended this week for cars. but step into your kitchen or garage. old energy-hogging refrigerators and freezers qualify for recycling and some money from uncle sam. the federal government is making $300 million from the stimulus program available to states. so consu

claire leka, cbs news, new york. >> it is 7:13 on this wednesday morning. dave price is here now with our first look of the weather. >> good morning to you, russ. boy, do we have an active weather map as we roll through last night. let's show you video around louisville, kentucky. this is video, which shows you the extent of the flooding there. 4.5 inches in louisville. stretching back all the way to sections of indiana, indianapolis yesterday, 3.8 inches, breaking a record which has stood since 1908. of course, rescuers called in to make sure people who were caught in standing water or flooding conditions were able to get out. no major injuries reported, of course. all is good. keep in mind, all of that rain, that cold front beginning to advance eastward to the northeast and the appalachians. we'll see that today. this is going to be scattered shower activity. it is not as if the whole east coast and deep south will be in rain all day. much of the deep south will have seasonable conditions in the 90s. later today is when it will kick up into tonight, movin