joining us with more on that is lauren simonetti from the fox business network. thanks for joining us. good monday morning. what is the latest news? for stocks and investors looks like a great morning. european leaders bailout banks to the tune of 125 billion door kets. turp european stocks are up in the u.s. we want the numbers to go up something we want to go down gas prices and they appear to be doing that. they have gone down according to the lundburg survey. by 16 percent over the last three weeks here is your national average 3.62 a gallon. relief for drivers out there. very good news there. apple gearing up to announce some new product wills in san francisco. it is the annual worldwide developers conference. they are expect to do announce updates to the ios 6
their homes north of denver as a wildfire continues to grow. officials believe the fire was started by a lightning strike. several gulf coast starts are under water after 20 inches of rain fell in one day. that rain continues today. the lundberg survey shows gas prices have dropped 16 cents in the last three weeks. the average price of gas is now $3.62 a gallon. now, back to caught on camera. welcome back to caught on camera. i m contessa brewer. courtrooms are known for maintaining order. but sometimes the proceedings are disrupted in dramatic fashion. in our next two stories, a defendant angrily disagrees with a judge and a man erupts with outrage toward his sister s killer. let me go. no, let me let me
sectarianism and the government losing control. yes, the government could be collapsing or could be losing control. but in its place, you re seeing is sectarian fighting. richard engel in cairo for us, richard, thank you. here s a look at other stories topping the news now. the manhunt under way in alabama for that man wanted in a shooting that killed three people, wounded three others near auburn university on sunday. investigators say that desmonte leonard opened fire at a pool party after getting into a fight over a woman. two of these killed were former awe bern football players. minor relief at the gas station. the average cost of a gallon of gas is down 16 cents in the past three weeks. the nationwide average is now $3.62. jackson, mississippi, has the lowest price at $3.18. the highest? seattle is the tops at $4.22 a gallon. a little knock on the noggin isn t enough to get lady gaga down.
agreed to lend spain up to $125 billion to help its battered banks. the deal removes a huge cloud hanging over financial markets for months. reacting to that news, asian stocks rallied today, but analysts fear the relief could be short-lived. worries about the outcome of greece s elections next sunday, which could determine whether the debt-ridden country stays in the eurozone, will likely resurface later in the week. investors will also be watching jpmorgan chase ceo jamie dimon testify before congress about his bank s multibillion dollar trading fiasco. may retail sales and ratings on inflation are on deck this week and opec will discuss oil production levels this week as prices hover around eight-month lows. as a result, gas prices have dropped 16 cents over the past three weeks to an average of $3.62 a gallon. a lot of eyes will be on apple today during its annual worldwide developers conference. speculation is swirling about possible new software and hardware.
down trend, drivers are feeling some relief at the pump. according to triple-a, the national price per gallon of gas is now $3.62. log on to fox business.com to find out more. fox business, giving you the power to prosper. home depot. you have probably been there. it s the largest home improvement retailner the united states. but cofounder bernie marcus said the 1978 launched company could never have gotten off the ground in today s business environment. why? he blames president obama and congress and he has advice for both. we spoke with him earlier tonight. mr. marcus, nice to see you, sir. how are you? good. i m very well. so you have had a rich and succession full history in business. you are a republican and you have written this up at which you say essentially, correct me if i am wrong, that president obama should be more like