. >> reporter: the association realtors has been lobbying to get lawmakers to leave it alone. they say reals state is responsible for about 20% of the economy and contributes about half of all local revenues. realtors say the market is sleepy now and folks just starting to wake up to low interest rate that are now available. they say now is not the time to make people think twice about buying or selling especially a 5th of the economy is at stake. >> there is some appeal but the weaker consumer confidence in how long they have to rely on the benefits of which this deduction -- are very important. the more difficult it is to convince the industry into recovering. >> realtors will hold a rally on lawyer's mall in annapolis next wednesday morning to convince lawmakers to go against the interest deduction cut. they are hoping to meet with many of them face to face as they try to step up their lobbying efforts. >> tens of thousands of baltimore city can county water customers can look for credits on their bills after an audit exposed over charges on the billing system. more than fou

realtors say such a hit would affect one of the biggest benefits to people. they say it would also do another thing to discourage people from buying a home. the maryland association of realtors said depending on the value of the home many families stand to loose thousands of dollars in tax deductions, they say they have been educating people about how this would affect about one in five hard working maryland families. >> we are trying to make sure homeowners understand the effects of the proposal and obviously they trying to convince legislators but it's not one that will help the state or the economy in the short run. >> reporter: they said they will hold a rally next wednesday morning outside of the state house to try to help convince lawmakers to vote against it. we will have more tonight at six. abc 2news. >> tonight's two teens missing. police say that the 14-year-old and her 15-year-old brother were last seen yesterday morning. the teens never made it to school. police are asking anyone who may have seen them to call the police. the number is on the screen. >>> tonight this man is a accused of pretending to be a virginia police state trooper. officers spott

the ational association of realtors releases the index for january. markets finished in positive territory. for the week. the dow gained 33 point and is within sight of 13,000, while the nasdaq added 11. >>> there is concern that rising gas prices could slow down the economic recovery. according to aaa, the average cost of a gallon of regular nationwide is now $3.68. compare that to just a month ago when the price was 30 cents cheaper. >>> the federal trial to decide who should pay for the gulf oil spill has been delayed by a week. the judge is allowing bp to work out a settlement with the thousands of businesses and individuals harmed by the disaster. according to a bloomberg report, the settlement could total $14 billion. >>> and more and more americans are getting serious about their online privacy. 44% of respondents in a new survey said they have deleted comments from their profile on a social networking site, only 36% said the same thing in 2009. >>> why we keep our comments in private messages. >> to ourselves. you know all about that privacy s

and if this is true, why isn't the national association of realtors preening? is will make people walk away in spades. thank you. i will take your response. guest: first, we have been talking with all the members of congress and the administration about this. 3.8% tax that goes to very high income individuals. it is not on the transaction of all homes. most transactions will not be impacted. in fact, all transactions will not be impacted. it is about the rental income of people who are in the high- income category. an additional 3.8% tax once the income threshold is above a certain amount. but it was snuck in at the very last moment in the context of the health care legislation, and we do not think that the real estate will be the ones taking a hit. there's all the benefits we can debate on the health care legislation, but to sneak in at 3.8% tax that impacts some of the rental income for high- income individuals -- we did not have a chance to debate, so we are frustrated. caller: you interviewed a gentleman on your show probably in 2005. he was talking about th

. >> reporter: he's with the northern virginia association of realtors with almost 28% of the d.c. homes under water, more than 89 national average, he said it's -- more than the national average, he said it's crucial to keep them from walking away. >> the important thing is that they stay in the home. >> and that price tag could be up to $10 billion paid by the pranks -- banks and that could be one big hurdle paid for by congress. this would be great news for home owners who would like to save hundreds a month but it's not a done deal. in addition to that fee, some banks would have to take a loss on the riskiest loans and as you can imagine, that will be tough to get through congress. >> absolutely. melanie, thank you. >>> and the news edge on maryland, governor o'malley claiming the state-of-the-state is good. calling on legislator to approve gay marriage and approve a controversial gas tax that would hike high prices higher and john henrehan has more. >> reporter: he said the overall state of the state in maryland is good. he wants higher taxes on gasoline to pay for maintaining

. >> the county association of realtors says after google's ipo in 2004. home prices jumped 16%. he expects about one in every five facebook employees to look to buy. wood side, and -- they'll get the brunt of the benefit. even if papers are filed tomorrow the ipo wouldn't happen until april or may. likely start between 35 and $40 a share. maureen, ktvu channel 2 news. >> amazon.com taking a big hit after reported earnings, after today -- amazon reported a decline in earnings and had a net income of $177 million and 38 cents a share. it turned for the same year the previous year. that sales figure current period calls an after sell off pinched nearly 9% of amazon's market value. combined the numbers weight on investors. finished the month in january nasdaq road -- 8% for the month. representatives of space net flicks went before lawmakers today to push for legislation that would change internet privacy laws. to be able to change viewing information that is prevented from doing so because of the video privacy protection act. the company is pushing for amendment that would enable it

. >> reporter: the association of realtors said after google's ipo home prices jumped 16%. expects about one in every five facebook employees to look to buy. >> loss altos, loss altos hills, wood side, they will get the bunt of the benefit. >> reporter: if papers were to be filed tomorrow an ipo wouldn't happen until april or may and various speculate the stock would start between 35 and $40 a share. >> tonight the menlo park city council is meeting to discuss plans to expand the headquarters. they moved in last month on the bayshore expressway and have plans to expand to an east campus to accommodate thousands of employees. they expect to mare from representatives from both facebook and city planners about the plan and what an expangs would mean for traffic. >> now back to election 2012. voting is over and the counting is underway in florida. as we reported for you at the beginning of the newscast, for cnn and the associated press have called the race for romney. we will give you a live look here at romney's election headquarters, that's his wife speaking right now. we hav

the maryland association of realtors is campaigning to stop all this. ade association says it understands the state has to find a way to balance the budget but say this is bad public and economic policy and they argue the bill would not entice someone to buy a home if the mortgage interest deduction is limited. hearings continue tomorrow in annapolis on this bill. >>> still ahead a judge rules on a plan to add graphic warning labels to packs of cigarettes. top? >> and a high speed chase ends in a massive crash all caught on a deputy's dashboard camera. we'll show you. >>> don't forget we're always on at www.wusa9.com. stay with us. we'll be back. that does it for us. >>> caught on tape a fast and furious police chase caught on a dashcam. the pursuit reached speeds up to 90 miles an hour over ice and snow covered roads in marshalltown, iowa. it all ended when both vehicles crashed 20 feet down an embankment. both people in a fleeing car attempted to run from the scene. they captured quickly. the officer was not hurt. >>> also caught on tape a cab crashes

the national association of realtors said its index sales agreement rose 2% the highest since april 2010 the last month buyers could qualify for a federal home buying tax credit. >> german lawmakers approved a second greek bailout, they signed off on the $173 billion loan package after german chancellor said it would be irresponsible to allow greece to go bankrupt that is your money watch for more go to cbs money watch.com in new york,. >>> thousands opt to take stairs instead of the elevator the 15th annual hustle up in chicago it raises money to fight lung disease the fastest runners finished the 94 floor climb in 9 minutes i don't know how you do that i am tired just thinking about it my goodness 9 minutes. >> that would take me an hour. >> wow. >> i mean you know climbing stairs. >> yeah, i would just thing walking at a moderate pace by itself would be very difficult to do. >> right but look at that. >> 94 flights. >> you know what i get winded carrying the laundry up my stairs at home right? other people are like yes >> i understand absolutely. >> coming up wjz eyewitness news at 4,

we've been hearing this for a long time, both from the banks and the national association of realtorsidea that it's credit and confidence that's holding the housing market back. a study from the federal reserve shows a significant portion of families end up buying another house. so clearly there's lots of people out there who figured their way out through that particular land mine. >> what do you think is the main problem holding housing back, if not the lack of availability of credit? >> first, is because of all the foreclosures, we're seeing a big shift in demand away from owner occupied housing to more multihousing. of course, a lack of equity. over the course of that real estate bubble, we saw about $8 trillion in new mortgage debt created in the u.s. on the basis of what people thought was $18 trillion of real estate wealth. the wealth is gone, the debt remains. last, but not least, over the course of that housing bubble, we overbuilt the housing market by about 3 million units. but the good news is, it looks like everything's starting to shift. >> diana, anecdotally, what are yo

the national association of realtors report the 2% rise in contracts is the highest level in nearly 2 years. it could be one of the biggest turning points in this entire election. tomorrow is primary day in michigan. mitt romney was born there. his father was governor there. and his campaign once passed the word it's a must-win there. no more. most polls now have him neck and neck with rick santorum. and if romney actually loses, what's the word for that? carl cameron has the word and that's coming along with with reports from the rest of the journalists of fox news on this monday fox report. @@ the capital one cash rewards card gives you a 50% annual bonus. and who doesn't want 50% more cash? ugh, the baby. huh! and then the baby bear said, "i want 50% more cash in my bed!" phhht! 50% more cash is good ri... what's that. ♪ you can spell. [ male announcer ] the capital one cash rewards card. the card for people who want 50% more cash. what's in your wallet? ha ha. ♪ why you fell in love with her in the first place. and why you still feel the same. but your erectile dysfunction -- th

the housing market. national association of realtors says sales of previously occupied homes jumped more than 4% in january to the highest pace in nearly two years. also more first time buyers are making purchases. sales have risen in three of the past four months but remain well be economists consider healthy. >>> the new recommendation for adults regarding whooping cough shots. >>> demonstrations turn deadly in afghanistan. the latest on the protests began after u.s. troops mistakenly burned the muslim holy book. >>> an american woman was one of two journalists killed in syria. the report she gave one day be ...with a two-year-old at home. i have two daughters. we have five boys and a large family. i couldn't imagine not having at&t u-verse. like, if we're watching a movie in mom's room, and mom doesn't want us in her room, we just go in the living room and continue watching it. [ female announcer ] call to get u-verse -- now with free hd -- for only 25 a month for six months -- that's our lowest price ever! plus get hbo and cinemax free for three months. if i need to pause something as it happens. diape

the national association of realtors says home prices are at the lowest level in the decade.ian level sits below $158,000. with mortgage rates at his it, lows that's good for prospective buyers. the drop in prices pushed sales up more than 4% last month. here on wall street the dow industrials crossed the 13,000 mark for the first time in four years, strong economic data and hopes for more progress in greece helped give the market a boost. >>> poppy harlow has a look at what's coming up in business news. >> federal reserve chairman ben bernanke heads to capitol hill and will discuss the bank's monetary policy and semiannual outlook and microsoft will reveal a preview version of windows operating system 8, hoping it will make headway in the tablet computer market and on the economic calendar figures are due out on consumer confidence and spending along with a revision of fourth quarter gdp. the initial reading in january showed the u.s. economy grew at a 2.8% rate in the fourth quarter of last year. we'll track that and the business news of the week for you on "cnn money." bac

the rise. national association of realtors reports buyers help boo boost sales that, is the best pace in nearly two years. and they own heavenly and north star. and a season pass will be good at all three. >> and important consumer news. >> michael finney is up next. >> scammers out to steal money off your gift cards head. on 7 on your side a warning from police. >>> if you buy gift cards from a store rack there is a warning tonight. >> scammers tout steal the money off that card. michael finney is here. >> yes. >> and these guys don't sleep. police are putting out a new warning about an ongoing scam in which thieves can make you pay for their gift cards. now, how can they do that? first, they steal gift cards off the store rack. then, they take the card out of one package and put another inside. then, return that pack wrath to the store rack. when someone buy that's package it activists vaits the card that should have been inside. you can protect yourself by examining packaging to make sure no one tampered with it. a detective in that town found out about this and saw it going down. >> the gov

it's in focus today as the national association of realtors releases its latest data on existing home sales. that's at 10:00 a.m. eastern time. it's risen 0.9%. joining us now is tania markio, investor of team investments. a signal that our economy is getting ready to rebound but there are still a lot of signals that in fact things are difficult and it's going to be a rough road ahead and foreclosures are one of those. we're not out of the foreclosure, you know, mess just yet. >> mess. >> yes, exactly as you put it there. where do we go from here? >> existing home sales are going to be interesting it's going to be a positive sign. anywhere between 4.4 and 4.9 million homes. at the most positive point of our market we were at 7.1. we're nowhere close to being out of this mess, we're going to see more. it's a hot market for investors. so this is the time to get in and make money with a positive asset in this housing market. >> i like that idea. it certainly sounds attractive to me. the one thing i say to you i'm hearing all the time is it's impossible to get mortgages. if you're an inve

the housing market. national association of realtors says sales of previously occupied homes jumped more than 4% in january to the highest pace in nearly two years. also more first time buyers are making purchases. sales have risen in three of the past four months but remain well be economists consider healthy. >>> the new recommendation for adults regarding whooping cough shots. >>> demonstrations turn deadly in afghanistan. the latest on the protests began after u.s. troops mistakenly burned the muslim holy book. >>> an american woman was one of two journalists killed in syria. the report she gave one day before her death about the conflict therere >>> an american woman is one of two journal lists that have been killed in the syrian city of homs. she was a war reporter for london's sunday times and a french photo journalist. covin is from new york she had done an interview with anderson cooper one day before being killed she call the current conflict in syria the worst she had ever covered >> this is 28,000 civilians, men, women and children hiding shelled defenseless. that little baby is one of two chil

the national association of realtors says the number of concernssh -- of americans to sign contractsuy homes rose in january to the highest level in nearly two years. >>> a silent movie ruled at this year's academy awards. the's ward-winning reporter is here from los angeles to tell us about the big winners and some of the memorable moments from oscar night. good morning, paul. >> reporter: good morning, dave. perhaps we should set this whole thing in france. you had the artist and it has lead actors and actresses who are from france. black-and-white silent movie was loudly proclaimed the big winner. the film picked up five oscars, including best picture and best director. the star beat out george clooney and brad pitt to be named best actor. >> i love your current. >> reporter: meryl streep took home her role in "the iron lady." >> when they called my name, i had this feeling i could hear half of america going oh, no! >> reporter: octavia spencer cried when she accepted her award. woody allen won best original screenplay for pis performance -- for his performance. >>> billy crystal

realtors say they are readying the inventory. >> we're chumping at the bit, we've been in the horse stalls for a long time. >> reporter: john pinto with the santa clara associationrealtor says after google's ipo home prices jumped 16% in the peninsula. he expects one in every five facebook employees to look to buy. >> in los altos, los altos hill. they'll get the blunt of the benefit. >> reporter: even if papers are filed tomorrow, the ipo likely wouldn't happen until april or may. market watchers think the market would start between 35 and $40 a share. maureen naylor, ktvu channel two news. >>> facebook development team spent this evening meeting with the menlo park to describe their expansion business. the nine building campus has room for up to 3,600 workers. facebook is seeking approval to boost that to as many as 6,600. >>> a program allowing prescreened frequent fliers to move quickly through security will soon be returning to the san francisco airport. it allows participating to move to the front of the line to get their carry on items screened and to by pass the first tier of security by using an automated kiosks. it should be up and running at sfo by th

realtors say they are readying the inventory. >> we're chumping at the bit, we've been in the horse stalls for a long time. >> reporter: john pinto with the santa clara associationrealtor says after google's ipo home prices jumped 16% in the peninsula. he expects one in every five facebook employees to look to buy. >> in los altos, los altos hill. they'll get the blunt of the benefit. >> reporter: even if papers are filed tomorrow, the ipo likely wouldn't happen until april or may. market watchers think the market would start between 35 and $40 a share. maureen naylor, ktvu channel two news. >>> facebook development team spent this evening meeting with the menlo park to describe their expansion business. the nine building campus has room for up to 3,600 workers. facebook is seeking approval to boost that to as many as 6,600. >>> a program allowing prescreened frequent fliers to move quickly through security will soon be returning to the san francisco airport. it allows participating to move to the front of the line to get their carry on items screened and to by pass the first tier of security by using an automated kiosks. it should be up and running at sfo by th

the national association of realtors reported contracts to buy homes reached the highest level in nearly two years. and on wall street, the dow jos industrial average ce close to ending the day ave 1300, but fell sho in he en for thday,he d gaid ju one point to close at 12,981. the nasdaq rose two points to close at 2966. those are some of the day's major stories. now, back to gwen. >> ifill: and to the presidential campaign. tensions are running high as republican candidates prepare for voters to head to the polls in two more primaries tomorrow. kwame holman has our report. >> reporter: the republican candidates had packed scheduled one day ahead of the michigan and arizona primary. mitt romney's first of three ral res was in rockfordford michigan a state where his father once was governor. >> we're going to stop some of this excessive spending and finally cut federal programs so we can balance our budget. i'm also going to take programs and send a lot of them that we need back to the states because i believe the states can do a better job running some programs than the federal governme

i did start the first chapter of the national association of hispanic real taylor -- realtors in san mateo. we hosted many seminars on predatory lending try to not the consumer understand the different aspect of their loan origination paper so they would not basically go ahead and signed papers and not completely understand what was going on. i have also worked in the community as a tax consultants. based on my experience i have worked with different attorneys in handling cases in front of the board of equalization. a lot of minority businesses do not have it will recommend -- representation when they get audited. thank you once again. since all three of you are attorneys for collaborating with the different consultants in the area. also, we would like to say that i have worked -- work with -- worked with eric arguello. we are trying to get merchants involved and get them understand what their rights and responsibilities are. i am open to any questions from the board of supervisors. supervisor kim: i am not sure your address this, but how many employees are in your business? >> we are

the national association of realtors reporting january's pending home sales rose to their highest levelsrs. >>> speaking of the housing market, the nation's second-largest home improvement retailer benefiting from warmer than normal weather this year, lowe's reporting stronger than expected first quarter earnings and spring like weather prompted homeowners to tackle renovation projects sooner than usual. >>> lundberg survey says gas prices are up over 18 cents. nationwide a gallon of regular unleaded cost an average of $3.69 a gallon. oil prices are down for the first time in eight sessions. investors locking in over the gains they made. oil down right now at $109 a barrel. >> thank you. have a great day. >>> 11:49 the time. still ahead, dancing and playing sports virtually may not be the best workout for little ones but it can benefit others. we're going to tell you how. the latest on a video games survey. another check on the forecast. stay with us. >>> hank, the cat, is running in virginia for the u.s. senate seat. he's a former street cat from springfield. according to his campaign w

> reporter: with an estimated price tag of $5 to $10 billion, john waller with the northern virginia association of realtors says he is almost certain the bill will get resistance on capitol hill. >> realtors don't really care whether the democrats or the republicans propose this. we are thankful that the president has decided to take a stand. >> reporter: but he says obama's plan is just what the nation needs to get people over the edge of the housing crisis. >> president reagan said a recession is when your neighbor loses their home. depression is when you lose your home. >> that was erika gonzalez reporting. the president said the application process would also be streamlined so it is easier around faster to apply. he you recalled congress to approve the plan but some republicans already imoppose it because of the costs involved >>> it was a chaotic scene in northwest d.c., a driver losing control of his car clips a mother pushing a baby carriage this all happened at 14th and h streets. the vehicle also hit a building, sending car parts fledding and pedestrians scrambling. pat collins has our report. >>

. >>> the national association of realtors tracks signed contracts for homes rose to a reading of 97.ake that with a grain of salt. two-year high, but still, below 200. you have to be above 100 to be positive. economists say this is a modest improvement. >>> well, if housinging needs fixed, so might our debt problem be. it has been 207 days since the united states lost its top credit rating. what are we doing do get it back? well, if we don't do something, we might go nth direction of greece. >>> we told you about the plane, the emergency landing in newark tonight. newark airport is shut down as of 6:45 p.m. eastern completely. everyone on this plane was okay. but the plane had a nose gear landing issue, had to land. everyone had to evacuate and be taken on buses to the terminal. i believe it was a shuttle atlantic fight. again, everyone safe, but it did have to do a full emergency landing and newark is fully shut down. >>> tonight, a revolt in afghanistan over the burning of koran's last week. at least nine killed, two wounds in an explosion near jalalabad airport. the taliban also c

> reporter: with an estimated price tag of $5 to $10 billion, john waller with the northern virginia association of realtors says he is almost certain the bill will get resistance on capitol hill. >> realtors don't really care whether the democrats or the republicans propose this, we are thankful that the president has decided to take a stand. >> reporter: but he says obama's plan is just what the nation needs to get people over the edge of the housing crisis. >> president reagan said a recession is when your neighbor loses their home. depression is when you lose your home. >> reporter: fairfax county is weathering the storm. in fact, realtors say their biggest problem is a shortage of the homes on inventory. i will have more on that story tonight at 6:00. >> all right, erika gonzalez. thanks, erika. >>> a loss of a legend today. don cornelius you can the creator around host of the iconic tv dance show "soul train" died today of an apparent suicide. >> i'm don cornelius, and as always in parting we wish you love, peace and -- >> soul. >> it was big in the day. cornelius was found dead early this morning at

that's according to the national association of realtors. >> it's a broad based move to the down sidede. clearly below dow 13,000 and 24 members of the index are in negative territory. let look at the volume. we're almost 2-1 decliners to advancers. over at the nasdaq this morning, again, just slightly an hour into trade, there it's closer to 3-1. let's head to chicago and see what the view of traders is there as they watch the futures market. kevin ferry is a chief market strategist. he joins us now live on the program. what are people talking about today in a market that's done again? >> good morning, simon. i think the big tell in the market this morning is the bounce in the yen. so the tone has deteriorated a little bit at the end of last week and into this week but the s&p is only down a few handles and holding. telling the market that starting to pare down big positions. look for people to move to the sideline. >> explain why the big move on the yen today is important for their investments. >> okay. a month-long beatdown in the yen basically has been a big part of the liquidity

the number of americans signing contracts to buy previousll-owned homes jumped last month.a national association of realtor'sdex shows pending sales jumped by two-percent... reachinggitss highest level since april 2010. the trade group says atest numbers signal the housing market is headed toward a recovery.the national average for a gallon of gas rose another penny-per-gallon, monday. this marks the twentieth straight day gas prices have climbed.triple-a reports the national average is now three--seventy a gallon. all the penny pinching at big banks is costing them.. &paccording to a j-d power and associate survey, large banks lost around 10 percent of their customers last year, &pwhile small banks and credit unions only losttonn percent of their clients...and piikedd up many who left those big baaks. customers reeooted switchiig because of higher bank ffes and poor customer serviceefor businees brief, i'm edgar treiguts. coming up... go to jail.. get aa i-pod?the reason behind a new rogram... that gives m-p-3 players to inm. &pinmates.a bottle of soda coul soon cost you more.i'm megan gilliland, how mucc t

this is according to a new report from the national association of realtors. he average price for a home fell to $154,700 last month. that's down 2% from december. it is the lowest price for a house since november of 2001. think of that, ten years of bubble gone in that market. all the way back to 2001. >> i'm stig thinking about that story about that little girl. >> i could hardly read it. >> that's so awful. dehydration. >> come on. >> all right. christine, thank you for the update. >>> still ahead this morning on "starting point", she's being remembered for her bravery and compassion. marie colvin, new details on how she was killed in syria and her mother's going to join us a little bit later this hour to talk about her daughter. also, where are the women? well, they're right here. dems schedule their own contraception hearing on the hill in response to the panel. the first panel was all male. second panel had a couple women thrown in there. we'll talk to a woman who is going to speak later today. we'll get a preview of what she'll be telling them at that he

yun and the national association of realtors discusses the u.s. housing market and usa correspondent talks about his analysis of state spending for services employee converse a -- income glory compotation -- employee compensation. >> in 1966, he was prevented from taking his elected seat in the georgia state house after representatives voted 184 to 12 not to seek him -- seat him. >> i went to the court to hear the argument and i was sitting in the court, just behind the bar with all lawyers in front of me. i was sitting next to my lawyer's partner. the attorney general of georgia was making an argument that georgia had a right to throw me out because i had said things that were treasonous. i think it was judge white who is said to him, is this all you have? [laughter] you come all way up here and this is all you have? i said to him, we are winning are we not? >> discover more about african- american history on american history tv on c-span3. surjit and a share from over 25 years of progress at c-span.org /videolibrary. >> newt gingrich holds a ral

but earlier in the week the national association of realtors said that home retail increased 4.3% to highest levels since may 2010. the u.s. postal service pushing ahead with planned cuts to more than 260 mail processing centers around the nation. the agency says it's complete add review of closings and the consolidations are to result in a loss, unfortunately, of roughly 35,000 jobs. >> thank you. it may take a lot more than a central banker to solve the european debt crisis. maybe a quantum physicist can get the job done. let's bring in one of our favorites, gemma godfrey, at brooks mcdonald asset management. great to see you this morning. i gather that you are not so optimistic about what's going on over there though the markets seem to be. >> potholes remain in the road to recovery and after the substantial rally that we've seen, european equities are up about 20% since november. it means that there is a significant risk of a correction in the short term. there are three reasons for that. so, first of all, there are still question marks over the rescue fund. second isly, liquidity

the stock market could get more good news later this week when the national association of realtors releasesthat report will show u.s. home sales climbed last month to its highest level since may of 2010. analysts say a stronger job market is fueling the home sales. the new housing report will officially come out on wednesday. the price of gas has hit a record high for the month of february, and it's not expected to go down any time soon, aaa says the national average price for a gallon of regular unledded is 3.53 a gallon. experts predict the u.s. will see gas prices reach 4.25 a gallon by late april. right here in the bay area, the average price of regular unleaded is already up to $4 a gallon. some stations charging even more. analysts say the price hike is due to the switch from winter to summer gas formulas, and increased demand. >>> those rising gas prices could be turning into an election year issue. the new york times reports this morning, house speaker john boehner is telling fellow republicans to use rising gas prices as a way to attack president obama and his energy programs. boeh

that's the highest level according to the national association of realtors.ually a revision down, and there were sxekdations he would get 4.6 million. but percentagewise, it works. shares of microsoft hitting a new 52-week high, almost up 22% just this year, but dell is today's biggest decliner, down 6% on an earns miss. we'll have more coming up. >>> no question around the world the rally has paused. and you have all the excite of hitting that 13,000 on the dow we've had come back down. relatively broad-based move. the breadth of it so far, to my point certainly down here at the nyse. a look at the nasdaq, yeah, kind of again almost 1:1. >>> now let's head over to tehran, and bring in ali eruzzi. what's the moon right now? >> the mood is very jittery. the ordinary people in iran feel the fate murmor, the authorities in iran keep telling the people the enemy is at the gates, so people are very concerned here, but authorities have dug in very hard. the resolve seems to have stiffened. the supreme leader said after talks, basically talks collapsed, the supreme

the use of drones is already expanding beyond law enforcement. this realtor in l.a. uses a helicopter drone to videotape majestic properties. noaa uses it to monitor glaciers. but the airlines pilot association chaotic, dangerous skies if drone operators learn their craft in just days. so, they're lobbying for full pilot training, and radar so commercial pilots can see them. >> without that, the airspace is not as safe. without that, there's a potential to have a drone run into an airplane. >> reporter: but police agencies across the country are raring to fly, convinced the technology that takes out al qaeda will soon track american criminals. jim avila, abc news, grand junction, colorado. >>> and coming up, the 11-pound champion and the controversy. being compared to a mop, tonight. is that fair? the equity summary score consolidates the ratings of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments. the equity summary score is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. lucky for you, air