what should we make of this. it s certainly not bullish, it s a disappointment for many, many investors, certainly many on wall street awes pointed out. it s much lower than expected. very stagnant incomes and tepid growth at best, higher energy prices and unemployment well north of 8%, so, we re seeing growth, but it happens to be very slow growth, almost naeemic, we ve been in a recession, supposed to have ended more than 2 and a half years ago. and to make matters worse some analysts say that this past quarter s growth actually came at the expense of the second quarter. they say car purchases and home construction came early due to the mild weather. do you think that s contributing to it as well? the biggest factor, you mentioned the car purchases, and the biggest factors, from a perspective, the patti ann, has been the influence much
expected profits. online used car retailer car max blowing past estimates as consumers shy away from new car purchases. and bed bath and beyond easily topping expectation. that s it from cnbc, first in business worldwide. now back to hardball. the bud news just keeps coming, yesterday two of thinks fund-raisers quit amid the report that the campaign is $1 million in dead, and more revelations about his buying spree at tiffany. we know about the 5-year-old disclosures by his wife, but now nbc s mike isikoff reports that he had purchases last year including a diamond necklace worth up to a million dollars he went on the cuff for.
national security analysts who really are very concerned about the security and the wide open nature of much of that border, contessa. mark, thank you very much for bringing us the investigation. in northeastern japan, three people are dead, hundreds of thousands don t have any electricity, a day after that 7.1 magnitude aftershock hit off the coast. gas is also in short supply. causing long lines at the stations there. and hundreds of japanese police wearing radiation gear are combing through tsunami ravaged towns searching for bodies from that initial 9.0 quake. that was marchç 11th. the national average for a gallon of gasoline here is now $3.73 a gallon. and that s causing some people to put the brakes on certain car purchases. plus you re looking at several different views of capitol hill. and we are keeping an eye on a showdown for a shutdown. details ahead. [ woman ] we take it a day at a time.
serbia. the good news for andy, he gets to go home to brooklyn decker. that s it. congratulations. speaking of hot, the 98 degree heat in new york looked like it claimed the first victim of the tournament. 10th seeded victoria collapsed and had to be taken to the hospital. it was later determined she had a previous head injury and that was to blame. how do you play tennis with a previous head injury? either that or she was losing the match from the heat overcame her. that s what stuart varney would do. i m losing, let s pass out again. i don t know how to respond to that. i do play tennis. i don t pass out. let s talk about instead of talking about tennis with stu varney even though he plays every day, let s talk about auto sales because they are set to, unfortunately, hit a 28 year low as new car purchases plummet from last year. remember why. we know why that happened, right? cash for clunkers! the unions are asking congress
with money. julie: credits an deductions are not the same thing. deductions, you reduce your taxable income and credit is a dollar for dollar reduction in your tax, if you had a thousand dollar deduction in the 25% tax bracket you put $250 in your pocket, not bad but a thousand dollar credit you put a thousand dollars in your pockets. much better and look for credits more than deduction. julie: if you have children, there are a lot of changes for 2009, many, of course are subject to your income, and there are limitations, new car purchases, college tuition, residential energy property, if you drive an electric vehicle you get money back and other credits, a child tax credit, and i can t wait to one day get money back for the hard work. 2010, gotta go for 2010 on that, julie. there is lots out there and pay attention and don t forget, there are real changes here and a lot of people have had stress on their mortgages and had