network is robert gray. we are learning about the program fight foreclosures. i love this. they have pretty big flaws. treasury s hardest hit find. contra it is criticized. in fact the program using funds from the 20078 car bailout. mostly because it is not including loans with fannie mae and freddie mac. why is the doj getting involved with apple? they are talking about price fixing. if you buy e books amazon wanted to sell them at 9.99. the government says these guys are getings together. three publishers are suing. a dollar for a gallon of gas. pumping gas like it s 1999. this was in pasadena texas. rolled back the clock. drove by a conico station there.
unemployed homeowners may see the biggest benefits from a $3 billion program that s supposed to help fight foreclosures. housing experts say with so many people underwater on their mortgages, there s not enough money to benefit the people. foreclosures were up 4% in july and nearly 10% increase over the same time in that month in 2009. peter? and a daring rescue after a small plane crashes into lake erie. it happened off south bass island in ohio. a ferry boat crew, members saw the plane go down and pulled all four people on board to safety. witnesses say they saw the plane coming in for what looked like a water landing before it skipped across the water. thank god no one was seriously hurt. it was lucky that the ferry was right there. right. meanwhile, let s take a look at the weather on this monday and it is a wet day as you can see along portions of the gulf coast. also, portions of new mexico back through arizona. they certainly could use some rain and widely scattered stuf
points yesterday. right now, futures on the dow, nasdaq and s&p are down. asian markets closed down but the europeans are up so far. steve, brian? all right, gretch, thanks. well, well, well, the federal government is doling out more money for the unemployed. weeks after congress spent $34 billion more dollars to extend unemployment benefits long, long term, the white house is giving another $3 billion to help the unemployed fight foreclosures. is this a good idea? joining us right now, stuart varney from the fox business network. the theory goes if people have some money, they ll be able to sustain themselves until the recovery kicks in. is that a solid thesis? the bottom line is jobs. jobs are in very short supply. if you ve lost your job and you ve got a mortgage, it s tough to pay that mortgage so the bottom line, the underlying problem of all this stuff is jobs. where are the jobs? they re not there at the moment. you ve got a housing crisis and