tenth of a point. gasoline rose by another .3 of a cent overnight. the national average is now $3.815 a gallon we round up to $3.82. there was another big jump in crude oil prices today. may futures gained $1.55 to close at $109.66 a barrel. the government investigator says the i.r.s. has paid more than a half billion dollars in home buyer tax credits to people who probably did not qualify. 326 million went to 47,000 people who did not meet the definition of first-time home buyers. other credits went to prison inmates. taxpayers younger than 18. people who did not actually buy homes. the i.r.s. says it will follow up on the findings. bret: the tax reform minded tea party is getting a shout out from president obama. he tells associated press while he doesn t agree with
designed all six of the reactors at the fukushima daiichi nuclear plant saw their shares down. this is where the u.s. futures market stand. the dow 30 down let s have a look at those. down 30, down 1.55%, the nasdaq, 1.6%, also down, and the s&p down 1.8%. as we were just hearing, emily, from our guests over in hong kong with andrew, fears about contagion going forward. we re talking about the world s second largest economy. and what investors are most concerned about is the fact that japan is one of the biggest investors. and the worry is those investors might wish to repatriate their investments. with all of the worries surrounding the nuclear situation, and much of it depends on how the bank of japan is going to respond to this. are they going to be able to do
that rally we saw last year rising 13% in 2010. closing 27 month high. $91.55 a barrel. gas prices at the pump moving lock step with the oil prices. jon: don t like the looks of that. prices are expect to go up. they continued right on into the first trading day of the year and most analysts on wall street expect oil prices to the continue their climb. in fact, goldman sachs, morgan stanley, all the major forecasters out there say they expect oil to at least reach $100 a barrel in the new year. and many industry insiders say that will push prices up at the pump to possibly, jon, brace yourself, $4 by memorial day. even some experts. jon: forget gold, buy oil. exactly. jon: sandra smith, fox business network, thanks. more than a dozen oil companies might be able to resume drilling in the gulf of mexico. you will recall the obama administration issued
i had to check this one, because i couldn t believe it. this is 1.55 ounces for 1.55 ounce of hershey s milk chocolate. they say this could cost as much as $15.50. welcome to your future. of monotizing the debt. of course, now, i should mention your salary is supposed to go right up with inflation. if you believe that, i got a bridge in new york. let me know how that works out for you. what is the rest of the world saying about monotizing the debt? i told you that we were setting ourselves up to be the villains. here is the chinese finance vice minister and what he said about it. as a major reserve currency, major reserve currency issuer for the united states to launch a second round of quantitative easing at this time, we feel that it did not recognize its responsibility to stabilize global markets. did not think about the impact of excessive liquidity on
i had to check this one, because i couldn t believe it. this is 1.55 ounces for 1.55 ounce of hershey s milk chocolate. they say this could cost as much as $15.50. welcome to your future. of monotizing the debt. of course, now, i should mention your salary is supposed to go right up with inflation. if you believe that, i got a bridge in new york. let me know how that works out for you. what is the rest of the world saying about monotizing the debt? i told you that we were setting ourselves up to be the villains. here is the chinese finance vice minister and what he said about it. as a major reserve currency, major reserve currency issuer for the united states to launch a second round of quantitative easing at this time, we feel that it did not recognize its responsibility to stabilize global markets. did not think about the impact of excessive liquidity on