entitled to diplomatic immunity. this was the first time a pakistani court ruled on the diplomatic immunity issue, but it s important to remember that this decision today in the trial court has no bearing on the big hearing scheduled for march 14th, when the lahore high court is going to weigh in on this issue. that decision is much more important, carries a lot more weight, and it s going to impact how this case moves forward, carol. reza sayah, thank you. live from pakistan this morning. 10:00 a.m. on the east coast, 7:00 a.m. in the west. right now we re getting details about the man accused of killing two air man in germany. he is 21 years old and a radical muslim gunning for american troops. gas prices went up about four cents while you were sleeping. the average price for regular unleaded is 3.34. some people cannot get
bucks a barrel but it did jump above a hundred bucks a couple of times in the past few days. we haven t seen that level sense the financial meltdown two years ago. now, the violence over there sends gas prices up over here. nationally as you said, there are at about $3.30, $3.34 in places and could flirt with 4 bucks by many places in the country by summer. california is already around $3.70 a gallon and if oil hits 130 a barrel 4 bucks there about le be reality. eight countries from the world s biggest oil producing area are in some sort of turmoil and most of the production in these places is controlled by government. this kind of supply disruption
pocketbook at the pump. there is an economic impact that spreads across the country. if prices continue to go up in the unrest in other regions, then that would be a big drag on economic growth here and globally. obviously, you feel the pain most predominantly right at the pump. as that last customer was just saying, we re at 3.34 and 3.35 and prices could go as high as 3.50. what about even longer? in a week or two, 3.50. what are we talking, worst case scenario? consumer spending is the obvious worst things that could happen on this. people pay more for their gas and they re forced to cut back. when gas prices go up by almost a penny, that costs consumers $1 billion in discretionary spending. it s seen as an additional tax on consumers. in addition, the housing market would not go well as prices go higher. companies would cut back on their hiring and tourism would take a hit, as well. those are the obvious
blew up the stock price with his return, that s when a share was about $3.34, oh, what a deal that was. it s now 100 times higher. look at way over here, we re looking at $348. but along the way his health has faltered. back in august 2004 jobs revealing he had pancreatic cancer, that was an issue for him. along with pancreatic cancer, a tumor was successfully removed. then tim cook runs the organization for a few months that jobs was out. 2009, a noticeably thinner jobs says he has a hormone imbalance and takes a six-month leave of absence to have a liver transplant. in his absence there, stock sees a 66% jump. yesterday, the shocker, this six-sentence e-mail, key words in it, medical leave of absence, and hope to be back not that he will be back according to that note. some ask, why jobs remains thin, given most regain weight in
i mean, you can t overestimate his importance. tim cook is great. they ve got other great people there. he s the coo. but he s steve jobs is in rer placeable. i want to pick up on that point that andy was making. in 1997 when gil stepped down, the share was at $3.34. that s in today s terms. right now it s almost at 350 bucks. it hit an all-time high on friday. unbelievable. thank you so much, nicole. you re welcome. it s unbelievable how he has changed things overnight. i was i remember i was walking past the tv set. he had just taken over. he s going to get paid a dollar a year. and they did those things different. and i just stopped and it was like an ad itself. i just stopped and looked up at the tv set. i d never had an apple. for 30 seconds, i said, i must have one. then they had all the different colors and everything else. he knew how to grab people that