ashley morrison in new york. thanks, ashley. >>> coming up on the "cbs morning news," rising from the ashes. we'll take you to tall it building in new york city now gracing the skyline of lower manhattan. >>> first scott pelley has a preview of tonight's "cbs evening news." >>> the final words written by the world's most wanted terrorist. we're going to find out what's revealed in the documents and diaries of osama bin laden that were seized during the raid on his compound where he was killed one year ago. that's tonight on the "cbs evening news." "cbs evening news." i want healthy skin for life. [ female announcer ] improve the health of your skin with aveeno daily moisturizing lotion. the natural oatmeal formula improves skin's health in one day, with significant improvement in 2 weeks. i found a moisturizer for life. [ female announcer ] only from aveeno. [ announcer ] who could resist the call... i found a moisturizer for life. of america's number-one puppy food brand? with dha and essential nutrients also fo

ashley morrison is here with that and more. good morning, ashley. >> good morning to you. overseas markets tumbled on disappointing u.s. economic reports. tokyo's nikkei sank 3% for a seventh straight week of losses, while hong kong's hang seng lost 1.5%. wall street looks to rebound today after another down day thursday. the dow sank 156 points while the nasdaq was off 60. >>> facebook co-founder eduardo saverin says he intends to pay taxes on the money he makes off today's ipo. he moved to singapore three years ago and in september renounced his u.s. citizenship. several u.s. lawmakers are outraged, charging he's trying to avoid paying millions in taxes and want to prevent him from re-entering the country. he says, quote, he'll pay millions to the u.s. government. >>> it's reported that hewlett-packard, the world's largest maker of pcs and printers is ready to cut tens of thousands of jobs. "the wall street journal" says the computer giant could eliminate as many as 30,000 positions. the personal demand for computers has shrunk as more people connect to the internet on t

ashley morrison in new york. thanks, ashley. >>> coming up on the "cbs morning news," rising from the ashes. we'll take you to tall it building in new york city now gracing the skyline of lower manhattan. >>> first scott pelley has a preview of tonight's "cbs evening news." >>> the final words written by the world's most wanted terrorist. we're going to find out what's revealed in the documents and die rirs of osama bin laden that were seized during the raid on his compound where he was killed one year ago. that's tonight on the "cbs evening news." i want healthy skin for life. [ female announcer ] improve the health of your skin with aveeno daily moisturizing lotion. the natural oatmeal formula improves skin's health in one day, with significant improvement in 2 weeks. i found a moisturizer for life. [ female announcer ] only from aveeno. [ announcer ] who could resist the call... i found a moisturizer for life. of america's number-one puppy food brand? with dha and essential nutrients also found in mother's mil

ashley morrison is here in new york with that and more. good morning, ashley. >> good morning. markets overseas slid. tokyo's nikkei lost nearly 0.5% after a wild day of trading. hong kong's hang seng also dropped 0.5%. >>> we'll get the report from cisco and labor claims. >>> on wall street, the concerns over europe's debt whoas sent blue chips lower for a sixth straight day. the dow was down 97 points while the nasdaq lost 11. >>> weakening u.s. demand is causing oil prices to inch lower. crude oil prices have fallen about $10 a barrel over the last week. analysts face fears of a weakening global economy are slowing demand. >>> tough competition in the electronics market has sony reporting its worst ever annual loss. sony lost about $5.7 billion in the last year. it's the fourth straight year the electronics giant was in the red. >>> the british phone-hacking scandal didn't seem to hurt news corp.'s bottom line, beating wall street's expectations by posting a 47% increase in quarterly net income. last week a panel of british lawmakers said ceo rupert murdoch was unfit to lead

ashley morrison is here in new york with more on that and more. good morning, ashley. >> good morning to you. stocks overseas took a nose dive following elections in france and germany. tokyo's nikkei lost more than 2.5%, while hong kong's hang seng also fell more than 2.5%. >>> wall street opens a week after a big drop friday on sluggish employment news. the do you lost 168 points while the nasdaq fell almost 68. >>> good news at the gas pump. the average cost of semifinal-serve regular nationwide stands at $3.85 according to the lundberg survey, down seven cents in the past two weeks. >>> mortgage rates are hitting a six-year low. sluggish economic growth sent 30-year fixed rate loans down to an average of 3.84%. according to freddie mac, that's usuall good news for housing demand, but the slowing economic growth is not good for consumer confidence, which means less home buying. >>> how about a virtual doctor's visit? instead of the usual visit to a doctor, "usa today" reports on an internet site run by now clinic online that provides web and te

ashley morrison is here in new york with that and more. good morning, ashley. >> good morning to you, danielle. disappointing u.s. corporate earnings triggered a selloff in overseas march kay. nikkei fell 0.5. hong kong's hang seng shed more than 0.5. >>> the uncertainty over european debt crisis sent stocks tumbling on wall street. the dow fell 200 points before closing 76. the nasdaq lost 11. >>> drivers can breathe easier since it looks like gas prices won't hit record high levels in summer. >>> a battle in congress could end up costing more than 7 million americans a lot of money. on tuesday, senate republicans blocked a democratic bill that would keep interest rates on stafford student loans at their current level. those rates will double in july without congressional action. both parties want to extend the current rates but cannot agree how to pay the $6 billion legislation. >>> it's getting more expensive for retirees to pay for health care. according to a study by fidelity investments, a 65-year-old couple retiring this year, will

ashley morrison is here in new york with that and more. good morning, ashley. >> good morning to you, danielle. jpmorgan chase makes a stunning announcement, admitting it lost $2 billion in a matter of weeks. the money was in a derivative portfolio that was actually designed to help control jpmorgan's risks. in a conference call ceo jamie dimon characterized the losses as a result of sloppiness and bad judgment. the bank expected to make a $200 million profit for this quarter. it's now saying it will lose $800 million. shares of jpmorgan's stock fell 7% in after-hour trading. other bank stocks dropped as well. >>> slow growth in china sent overseas markets tumbling. me kay lost 0.5% and hang seng fell more than 1%. >>> on wall street blue chips broke a six day losing streak. dow was up 19 points while the nasdaq was down 1. >>> fewer americans applied for unemployment benefits last week. the weekly applications fell by 1,000 for the week ending may 5th, suggesting job growth could be picking up. however, long-term unemployment runs out in

ashley morrison is here in new york with more on that and more. good morning, ashley. >> good morning to you. stocks overseas took a nose dive following elections in france and germany. tokyo's nikkei lost more than 2.5%, while hong kong's hang seng also fell more than 2.5%. >>> wall street opens a week after a big drop friday on sluggish employment news. the dow lost 16 points while the nasdaq fell almost 68. >>> good news at the gas push. the average cost of semifinal-serve regular nationwide stands at $3.85 according to the lundberg survey, down seven cents in the past two weeks. >>> mortgage rates are hitting a six-year low. 30-year rate loans went down to an average of 38.3%. according to freddie mac, that's usually good but slowing economic growth is not good for consumer confidence, which means less home buying. >>> how about a virtual doctor's visit? instead of the usual visit to a doctor, "usa today" reports on an internet site run by now clinic online that provides web and telephone-based medical services. the service is available now in

i'm so excited to see ashley morrison, reunited, feels so good, i can't even talk this morning. good to see you. >> you too. a mixed day for overseas market. nikkei add the 4% while hang seng lost a fraction. >>> nasdaq's ceos the stock exchange is embarrassed by its handling of nas book's initial stock offering on friday. facebook was supposed to start trading at 11 a.m. but trading didn't begin for 32 minutes later. there's no indication the delay impacted the performance of the stock of facebook shares rose 23 cents on the first day in the market. >>> facebook's ipo didn't do much to help the markets overall. on friday the dow was down 73 points while the nasdaq sank 34. >>> a chinese corporation is buying one of the largest movie theater chains in the u.s. the $2.6 billion deal to acquire amc is china's largest takeover of a u.s. company in history. the deal will allow amc to spend more on upgrading its theaters and expand overseas. it's not expected to lead to a change in amc's management or work force. >>> meanwhile, yahoo is selling half its stake in online retailer al ba

ashley morrison here in new york. good morning. >> good morning to you, terrell. >>> they went on a buying spree. tokyo's nikkei gained 1% while hong kong's hang seng rose more than half a percent. >>> it appears investors don't like facebook's stock. they pledge 11% in their second day of trading and that was after gaining just 23 cents a share on friday. monday's loss sent facebook founder mark zuckerberg's fortune down more than $2 billion. >>> facebook fell despite a positive day on wall street. the dow was up 135 points while the nasdaq gained 68. >>> it looks like a former college student may have to pay nearly $700,000 in fines for allegedly downloading music. the court is refused to hear an appeal by joe tenenbaum. in 2009 a jury ordered him to pay $675,000 to the recording industry for downloading and distributing 30 songs. a federal judge could reduce that fine. >>> and it is getting harder to sit next to your loved ones on a flight. airlines are reserving more seats for passengers willing to pay extra to si

ashley morrison is here with that and more. >> good morning to you. overseas tumbled on disappointing u.s. economic reports. tok tokyo's nikkei sank 3% for a seventh straight week of losses, while hong kong's hang seng lost 1.5%. wall street looks to rebound today after another down day thursday. the dow sank 156 points while the nasdaq was off 60. >>> facebook co-founder ed ard dough saverin says he plans to pay taxes. he moved to singapore three years ago and in september renounced his u.s. citizenship. several u.s. lawmakers are outraged, charging he's trying to avoid millions in taxes and want to prevent him from re-entry into the country. >>> it's reported that hewlett-packard, the world's largest maker of pcs and printers is ready to cut tens of thousands of jobs. "the wall street journal" says the computer giant could eliminate nature as many as 30,000 positions. the personal demand for computers has shrunk as more people connect to the internet on their smartphones. >>> mortgage rates in the country fell to record lows for a third straight wee

ashley morrison is here in new york with that and more. good morning, ashley. >> and good morning to you, danielle. stocks overseas make a recovery. tokyo's nikkei gained a half a percent while hong kong's hang seng lost about a quarter percent. >>> the shock of the french and greek election results wore off by the end of the day on wall street. the dow was down as much as 68 points but finished just 29 points lower. the nasdaq edged into positive territory gaining a little more than a point. >>> the white house is renewing its pressure on republicans to to prevent interest rates on federal student loans from the senate is debating a democratic bill that would freze the rates. republicans agree with keeping the rates at their current level but are opposed to pay for the bill, which will cost about $6 billion. >>> americans are using their credit cards more often. the federal reserve says consumer debt rose in march by more than $21 billion. it was the seventh straight monthly increase and the largest since november of 2001. >>> well, faceb

ashley morrison is here in new york with that and more. good morning, ashley. >> good morning. markets overseas slid. nikkei lost 0.5 after a wild day of trading. hang seng also dropped 0.5%. >>> on wall street, the concerns over europe's debt whoas sent blue chips lower for a sixth straight day. the dow was down 97 points while the nasdaq lost 11. >>> weakening u.s. demand is causing oil prices to inch lower. crude oil prices have fallen about $10 a barrel over the last week. analysts face fears of a weakening global economy are slowing demand. >>> tough competition in the electronics market has sony reporting its worst ever annual loss. sony lost about $5.7 billion in the last year. it's the fourth straight year the electronics giant was in the red. >>> the british phone-hacking scandal didn't seem to hurt news corp.'s bottom line, beating analyst expectations by reporting a 47% increase in net quarrel early income. last week a group of british lawmakers said ruin either murdoch is unfit to run the company. >>> the post office wants to keep the offices open but with shorter o

there you go. >> ashley morrison in new york. thanks again. >>> it is graduation season for millions of college students. while these should be happy times, they face a grim economic reality. half of recent college graduates cannot find full-time jobs. jim axelrod spoke with one of them. >> reporter: gian forbes got good grades and a degree two years ago. the only thing she didn't get, a full-time job. >> they said it was, you know, you get a degree and you'll get a job and you're going to be a step ahead of everybody and that really hasn't been the case. >> reporter: the 23-year-old wants to break into the fashion industry, so she's blogging as a paid intern at one website and working part-time at another. >> i've sent out hundreds of resumes, like at least 300 in the past two years. >> you're smiling. i imagine there's times you want to scream. >> reporter: forbes majored in english, but a recent study found that employers most likely to hire graduates with engineering, business, accounting, or computer science degrees. another

ashley morrison is here with that and more. >> overseas markets saw a huge selloff. nikkei lost 1.5%, while hong kong's hang seng shed more than 3%. wall street will try and rebound today following yesterday's losses. the dow fell 63 points while the nasdaq dropped nearly 9. >>> treasury secretary timothy geithner says a big jpmorgan trading loss strengthens the case for tougher rules on financial institutions. geithner spoke in washington yesterday. he said as regulators implement the 20 10 law aimed at policing wall street, they'll examine capital requirements, limits on leverage and reforms in the derivatives market. >>> retail sales increased 0.1% last month. cheaper gas and the milder winter were both factors. in the previous two months, sales were boosted and building, and gardening supplies, those areas fell sharply in april but spending on building materials was higher last month. >>> the facebook public stock offering could be a boone to cash-strapped california. as california shareholders cash in, the state is projected to raise up to $2.1 billion in tax re

ashley morrison is here in new york with that and more. good morning, ashley. >> good morning to you. stocks overseas dipped this morning. hong kong's hang seng lost more than 0.5%. soet korea's index was down more than 0.25%. >>> stocks sank on news of weak corporate earnings. dow was down nearly 62 points while the nasdaq fell 35. >>> facebook already has 900 million users but the social networking site may end up with even more friends in just a few weeks. according to the price range of the company's initial public offering of stocks, facebook is worth up to $95 billion. in a regulatory filing, facebook said its shares will cost $28 to $35. "the wall street journal" has reported facebook's ipo could happen on may 18th. >>> general motors posted a billion dollar profit for the first quarter. the automaker continues to seek strong sales in north america and china, but it's not all good news for gm. despite making a profit, its earnings were down 69% from a year ago. >>> and pepsi is teaming up with the estate of michael jackson. the soft

ashley morrison in new york. >> good morning to you. concern over spain's economy and a report that china would not take major steps to stimulate its economy sent overseas stocks -- markets lower. nikkei lost 0.5% while hang seng fell 2%. >>> the worries about europe didn't seem to trouble investors on wall street. the dow rose 125 points while the nasdaq was up 33. >>> but europe's slump is contributing to deet klein in the cost of oil. prices are close to $90 a barrel, that's down 15% from a month ago, but that also means drivers will end up paying less at the pump. analysts say gas prices could be as low as $3.50 a gallon by the fourth of july. >>> the u.s. housing market is showing some signs of life. a report out tuesday shows home prices in most major cities kicked up in march. it's the first time that's happened in seven months. >>> and facebook's stock is sliding once again. shares of the social media company closed below $30 for the first time since the may 18th ipo. facebook stock is down 24% from its opening price. terrell, s

ashley morrison is here in new york with that and more. good morning. >> good morning. stocks overseas bounced back. tokyo's nikkei rose nearly 1%, while hong kong's hang seng lost about 0.25%. >>> stocks on wall street lost four the fourth day in a row. the dow lost nearly 33 points and nasdaq lost nearly 20. >>> foreclosure rates were down last month. home repossessions fell 7% from march to april. and dropped 26% from a year ago, according to realty track. but a log jam in the courts of pending foreclosures could drive foreclosure activity higher. >>> facebook is expected to begin trading on the nasdaq exchange tomorrow in one of the hottest public offerings in decades. it appears early facebook investors and insiders are taking advantage of all the demand and selling off their stock. facebook says another 84 million shares worth up to $3.2 billion are being added to its ipo. >>> google has rolled out its next generation search engine. the new program is called knowledge graph, providing a summary of key information alongside the main search results. the idea is to p

ashley morrison is here in new york with that and more. good morning, ashley. >> good morning to you, danielle. disappointing u.s. corporate earnings triggered a sell offin overseas mark kay. nikkei fell 0.5. >>> the uncertainty over european debt crisis sent stocks tumbling on wall street. the dow fell 200 point before closing at 76. the nasdaq lost 11 new drivers can breathe easier since it looks like gas prices won't hit record high levels this summer. >>> a battle in congress could end up costing more than 7 million americans a lot of money. on tuesday, senate republicans blocked a democratic bill that would keep interest rates on stafford student loans at their current level. those rates will double in july without congressional action. both parties want to extend the current rates but cannot agree how to pay the $6 billion legislati legislation. >>> it's getting more expensive for retirees to pay for health care. astudding to a study by fidelity investments a 65-year-old couple retiring this year will need about $240,000 to cover the

ashley morrison in new york. good morning to you. >> and good morning to you. concern over spain's economy and a report that china would not take major steps to stimulate its economy sent overseas stocks -- markets lower. tokyo's nikkei lost 0.5% while hong kong's hang seng fell 2%. >>> the worries about europe didn't seem to trouble investors on wall street. the dow rose 125 points while the nasdaq was up 33. >>> but europe's slump is contributing to the decline in the cost of oil. prices are close to $90 a barrel, that's down 15% from a month ago, but that also means drivers will end up paying less at the pump. analysts say gas prices could be as low as $3.50 a gallon by the fourth of july. >>> the u.s. housing market is showing some signs of life. a report out tuesday shows home prices in most major cities kicked up in march. it's the first time that's happened in seven months. >>> and facebook's stock is sliding once again. shares of the social media company closed below $30 for the first time since the may 18th ipo. facebook stock is down 24% from its open

>> ashley morrison in new york. thank you so much. >>> coming up the tuesday morning weather forecast. >>> coming up frustration sets in as the lakers try to stay alive against the thunder. [ jennifer garner ] why can't strong sunscreen feel great? actually it can. neutrogena® ultra sheer provides unbeatable uva uvb protection and while other sunscreens can feel greasy ultra sheer® is clean and dry. it's the best for your skin. ultra sheer®. neutrogena®. that make kids happy. and even fewer that make moms happy too. with wholesome noodles and bite sized chicken, nothing brings you together like chicken noodle soup from campbell's. it's amazing what soup can do. like chicken noodle soup from campbell's. >>> here's a look at the weather in some cities around the country. mostly cloudy and 76 in new york. miami, partly cloudy, 86. chicago, 6 5rks partly cloudy in dallas, 90 and 80 in los angeles. let's check your national forecast. in the northwest look for showers and thunderstorms. some areas could get as much as

ashley morrison here with that and morning. >> if you are wondering why stock markets around the world are trembling this look, look no further than spain. the fourth largest bank needed a $24 billion from the government. the concern is other spanish banks may need more help and the government could not help them out. >>> overseas nikkei lost more than 1%, hitting its lowest level since yan. while hong kong's hang seng was down about 0.5%. >>> the worries over europe have wiped out most of the gains on wall street this year. the dow lost 160 points while the nasdaq fell 33. >>> meanwhile, slow downin europe is sending oil prices even lower. they've fallen below $88 a barrel. the good news is that will likely translate to lower gas prices. >>> later today we'll get the labor claims on weekly jobless claims. they expected employers added 150,000 jobs this may but jobless rate will remain at 8.1%. >>> sales of homes in foreclosure or process were up in the first quarter of this year. the increase in foreclosure sales could be an indication that overall home prices will continue to go down

i'm so excited to see ashley morrison, reunited, feels so good, i can't even talk this morning. good to see you. good morning. >> good to see you, too. a mixed day for overseas market. toe yoke's nikkei added 0.25% while hong kong's hang seng lost a fraction. >>> nasdaq's ceo says the stock engs change is embarrassed by its handling of facebook's initial stock offering on friday. facebook was supposed to start trading at 11 a.m. but trading didn't begin for 32 minutes later. there's no indication the delay impacted the performance of the stock of facebook shares rose 23 cents on the first day in the market. >>> facebook's ipo didn't do much to help the markets overall. on friday the dow was down 73 points while the nasdaq sank 34. >>> a chinese corporation is buying one of the largest movie theater chains in the u.s. the $2.6 billion deal to acquire amc is china's largest takeover of a u.s. company in history. the deal will allow amc to spend more on upgrading its theaters and expand overseas. it's not expected to lead to a change in amc's management or work force. >>> meanwhile

ashley morrison is here in new york with that and morning. >> worries about europe's debt crisis held down stocks overseas this morning. nikkei finished higher about 0.25% while the hang seng lost more than 1%. >>> wall street hopes for a rebound this week. the dow jones industrials lost 34 points, down 1.6% for the week, while the nasdaq was flat, down nearly 1% for the week. >>> efforts to form a government in greece have failed so far. one week after national elections. the political uncertainty further jeopardizes greece's membership in the eurozone. another meeting is scheduled for today. if no coalition can be reached, elections will be held next month. >>> yahoo has a new ceo. yahoo says scott thompson has left the company. "the wall street journal" reports thompson told board members he's been diagnosed with thyroid cancer. thompson has been under fire for discrepancies with his resume. he had been at yahoo for just four months. ross levinson has been appointed interim ceo. >>> toyota has passed general motors as the world's largest automaker and toyota claimed the top spot in

terrell, could be scary. >> ashley morrison in new york. good seeing you. >>> coming up on the morning news. going eye to eye with a shark. a great white takes some big bites near a fishing boat. this is the morning news. [ male announcer ] there are only so many foods that make kids happy. and even fewer that make moms happy too. with wholesome noodles and bite sized chicken, nothing brings you together like chicken noodle soup from campbell's. it's amazing what soup can do. like a squirrel stashes nuts, you may be muddling through allergies. try zyrtec® liquid gels. nothing starts working faster than zyrtec® at relieving your allergy symptoms for 24 hours. zyrtec®. love the air. at relieving your allergy symptoms for 24 hours. it's time to live wider awake. only the beautyrest recharge sleep system combines the comfort of aircool memory foam layered on top of beautyrest pocketed coils to promote proper sleeping posture all night long. the revolutionary recharge sleep system... from beautyrest. it's you, fully charged. >>> this is not a

ashley morrison here in new york. thank you. >>> this morning more than 1,000 firefighters are battling the largest wildfire in new mexico history. the wildfire has burned more than 265 square miles of the gila national forest and continues to grow. it formed las week when two fires merged. at least a dozen homes have been destroyed. >>> a mishap on runway at chicago's o'hare airplane. a cargo plane clipped the tail of a commuter plane. it was taxiing to the gate yesterday when the wing of a 747 clipped its rudder. there were 21 people aboard the american eagle flight. three crew members on the cargo jet. to one was injured. >>> coming up, living past 100, the secret behind so-called superagers may lie in their genes. this is the morning news. g news. ♪ [ instrumental ] [ girl ] when i started playing soccer, i wasn't so good. [ barks ] so me and sadie started practicing. we practiced a lot. now i've got some moves! [ crowd cheering ] spin kick! whoo-hoo! [ giggling ] [ announcer ] we know how important your dog is

ashley morrison is here in new york with that and more. good morning, ashley. >> good morning to you, danielle. stooks overseas make a recovery. they gain a half a percent while hong kong's hang seng lost about a quarter percent. >>> the shock of the french and greek election results wore off by the end of the day on wall street. the dow was down as much as 68 points but finished just 29 points lower. the nasdaq edged into positive territory gaining a little more than a point. >>> the white house is renewing its pressure on republicans to address student loan interest rates. it would freeze the rates. republicans agree with keeping the rates at their current level but are opposed to pay for the bill, which will cost about $6 billion. >>> americans are using their credit cards more often. the federal veev said consumer debt rose in march by more than $21 billion. it was the seventh straight monthly increase and the largest since november of 2001. >>> well, facebook is looking for more friends with some deep pockets. the social networking si

ashley morrison is here with that and more? >> overseas markets saw a huge selloff. nikkei lost 1.5%, while hong kong's hang seng shed more than 3%. wall street will try and rebound today following yesterday's losses. the dow fell 63 points while the nasdaq dropped nearly 9. >>> treasury secretary timothy geithner says a big jpmorgan trading loss strengthens the case. geeter in spoke in washington yesterday. he said as regulators implement the 2010 loss aimed at policing wall street, they'll examine capital requirements, limits on leverage and reforms in the derivatives market. >>> retail sales increased 0.1% last month. in the previous two months, sales were boosted and building and gardening supplies. those areas fell sharply in april but spending on building materials was higher last month. >>> the facebook public stock offering could be a boone to cash-strapped california. as california shareholders cash in, the state is projected to raise up to $2.1 billion in tax revenue. of course, that assumes voters approve governor jerry brown's tax hike initiative. >>> and

could be scary. >> ashley morrison in new york. good seeing you new coming up, going eye to eye with a shark, a great white takes some big bites near a fishing boat. this is the morning news. [ male announcer ] there are only so many foods that make kids happy. and even fewer that make moms happy too. with wholesome noodles and bite sized chicken, nothing brings you together like chicken noodle soup from campbell's. it's amazing what soup can do. like a squirrel stashes nuts, you may be muddling through allergies. try zyrtec® liquid gels. nothing starts working faster than zyrtec® at relieving your allergy symptoms for 24 hours. zyrtec®. love the air. at relieving your allergy symptoms for 24 hours. it's time to live wider awake. only the beautyrest recharge sleep system combines the comfort of aircool memory foam layered on top of beautyrest pocketed coils to promote proper sleeping posture all night long. the revolutionary recharge sleep system... from beautyrest. it's you, fully charged. >>> this is not a movie and that is no

ashley morrison is here in new york with that and morning. >> worries about europe's debt crisis held down stocks overseas this morning. nikkei finished higher about 0.25% while the hang seng lost more than 1%. >>> wall street hopes for a rebound this week. the dow jones industrials lost 34 points, down 1.6% for the week, while the nasdaq was flat, down nearly 1% for the week. >>> efforts to form a government in greece have failed so far. one week after national elections. the political uncertainty further jeopardizes greece's membership in the eurozone. another meeting is scheduled for today. if no coalition can be reached, elections will be held next month. >>> yahoo has a new ceo. yahoo says scott thompson has left the company. "the wall street journal" reports thompson told board members he's been diagnosed with thyroid cancer. thompson has been under fire for discrepancies with his resume. he had been at yahoo for just four months. ross levinson has been appointed interim ceo. >>> toyota has passed general motors as the world's largest automaker and toyota claimed the top spot in

ashley morrison here in new york with more on that. good morning. >> good morning to you, michelle. stocks overseas were lower this morning. hong kong's hang seng lost 0.25%. south korea's index was off a fraction. tokyo's nikkei is closed. >>> investigators are holding their breath ahead of the weekly jobless court. yesterday the payroll company adp delivered some disappointing employment data. the dow lost as much as 87 points before closing down 10 the nasdaq added nine. >>> new study by commonwealth fund finds the united states spends more per person than 12 other industrialized nations on health care. in 200 the u.s. spent $8,000 a year on medical services, about $3,000 more than the next two countries. the study also found that the extra spending doesn't necessarily translate into better health care. >>> news corp.'s board of directors is sticking with the boss. on wednesday the board said it has full confidence in rupert murdoch. the announcement comes a day after a panel of british lawmakers said murdoch is unfit to lead his media empire after last year's tabloid phone-hacki

ashley morrison is here with that and more. >>> good morning, terrell. markets overseas got a bump up after trying to boost the stimulus. tokyo's nikkei gained half a percent while hong kong's hang seng added more than 1%. >>> this week we'll get the latest numbers on the unemployment report and the latest number on home sales. traders returned to wall street after the markets were closed for memorial day. stocks were up for the week. the dow added 85 points while the nasdaq gained 58. >>> the largest collapse of a u.s. law firm is all but complete. duey lebeouf filed last week. the firm which once boasted 1,300 lawyers owes their creditors $245 million. concern over their debt caused several partners to leave since the beginning of the year. the firm will keep about 90 of its employees while it liquidates its assets. >> another strange twist in the britain's phone hacking scandal. a protester interrupted prime minister tony blair's testimony before a media ethics panel. the heckler called blair a war criminal but the bombshell came when blair admitted t

ashley morrison is here in new york with that and more. good morning, ashley. >> good morning to you, danielle. jpmorgan chase makes a stunning announcement, admitting it lost $2 billion in a matter of weeks. the money was in a derivative portfolio actually dined to help control jpmorgan's risk. in a conference call ceo jamie dimon characterized the losses as a result of losses and bad judgment. the bank expected to make a $200 million profit for this quarter. it's now saying it will lose $800 million. stock fell 7% in after-hour trading. other bank stocks dropped as well. >>> slow growth in china sent overseas stocks tumbling. >>> on wall street blue chips broke a six day losing streak. dow was up 19 points while the nasdaq was down 1. >>> fewer american applied for unemployment benefits last week. the weekly applications fell by 1,000 for the weekending may 5 lt, suggesting job growth could be picking up. however, long-term unemployment runs out in eight states meaning about 200,000 people will stop receiving benefits. >>> another record