salvation army and red cross mobilizing in case they re needed to help in the aftermath of isaac. volunteers traveling to the gulf coast from as far away as wisconsin and missouri ready to help shelters and distribute meals and water. ambulance crews from texas being sent to the danger zone in case. they are part of a larger team of first responders ready to deploy in louisiana and mississippi, the paramedics can help with the evacuations if they re necessary. and provide emergency medical care. and with oil rigs shut down well in advance of isaac s approach, drivers are paying more for fuel. average price of a gallon of gas is $3.78. that is the highest price since may. analysts predict it could go to $3.80 by labor day due to supply issues in the gulf and elsewhere. maybe you can carpool on your labor day vacation. there you go. the republican national convention kicking into high gear today after yesterday s
promising to revamp its technology systems for handling stock offerings. and facebook founder mark zuckerberg changed his status to married. after a surprise wedding saturday to his longtime girlfriend, dr. priscilla chan, who just graduated from medical school. yahoo! says it will sell up to half of its stake in the chinese internet company alibaba for more than $700 billion and give most of its money to the shareholders. gas prices fell another 6 cents over the last two weeks bringing the national average to $3.78 a gallon. the housing market in the u.s. appears to be rebounding and reports on home prices and mortgage application figures. jpmorgan chase will be the focus of a hearing this week by the senate banking committee into the billions of dollars of losses in derivatives trading. and finally, the earliest known yankee jersey worn by babe ruth was auctioned for $4.4 million
a new study shows the estrogen blocking drug cuts the risk of cancer by 56%. it suggests it might also work to prevent the disease all together. and off he goes. hot-air balloon pilot, bobby bradley, awful 9 years old, lifted off by himself over mexico. he became the youngest hot-air balloon pilot to fly solo. he spent 26 minutes in the air and landed safely. balloon boy! high gas prices continue to affect all americans at this point. with the national average at $3.78 a gallon, no wonder people are second guessing their travel plans. but the next guess are taking that into account. she and her son are traveling the east coast looking at colleges, 8 of them so far, doing so on the east. and the spokesperson and the car
have and china owns 29 percent of that debt. we need to start to turn around the fiscal situation here, we need to look at our spending and we need to curtail that and we need to start setting out a road map for our economic success, and the growth of our private sector. which with the jobs report that just recently started to come out, once again, we have big concerns. jenna: congressman west, nice to have you today, sir, thank you for joining us. thank you, thank you jenna. jon: energy in america, as gas prices continue to spike, right now, the average for a gallon, 3.78 across the country, up nearly $1 from this time last year. so folks all across the country are trying to think of ways to conserve. one way, car sharing. alicia acuna, live from denver with more on how that works. alicia. reporter: hi jon. car sharing is something that s catching on across the country, especially in the bigger cities, and on average, car share companies all over the nation are
president biden with lawmakers are now getting in to specifics. so their argument is another proposal is not needed and might actually slow down the process. bret? bret: mike emanuel, live on the north lawn. thank you. labor department says unemployment fell in 90% of the largest city in april. the drop is attributing to hiring for summer jobs. construction spending was up .4 of a percentage point in april. barely lifting it above the lowest level in a decade. manufacturerring activity expanded in may at the slowest pace in 20 months. that kind of news sent stocks plunging. each index off more than 2%. the dow fell 280 points today. the s&p 500 dropped 31. the nasdaq lost 66. oil prices dropped 2.5% today. crude lost about 2-point $2.5 a barrel to close. national average for gasoline is $3.78.