the pump is really starting to hurt. gas praise have never been higher on this date as they are right now. triple a says the average state wide price of gallon of regular jumped 18 cents in the last week. 8 cents overnight. we are paying 4.32 a gallon ample. in fact whole sale price have become so high at least one independent station in southern california has closed temporarily. of our sister station in los angeles has more on that story tonight. there is no business. no business hear. market is dead. you know. how am i to come up with 20,000 dollars expense. reporter: charles owns low key independent gas station here. he had to shut down the pump this morning because purchasing gas for his station was just too expensive. and to make a profit he would have to charge nearly 6 dollars a gallon for regular unleaded. you see the prisons over there? 6 dolls. if i get gas purchase the gas rate now fr thcompan i he t sell at that preo ha 10 cent on the gas. repoer: prices sk
regulators are not you in the hot seat over the libor scandal. new york times reporting american and british lawmakers want to know whether regulators loud those banks to report false rates to the run up to the 2008 financial crisis and afterwards. yesterday the house financial services committee oversight panel sent a letter to the new york fed about it asking for transcripts from at least a dozen phone calls in 2007 and 2008 between central bank officials and executives at barclays. michelle. in corporate buzz this morning alcoa reporting better than expected second quarter earnings and revenues after the close. the company says it sees strong aluminum demand driven by the auto space. year on year comparison not so good. amd slashing its q2 revenue outlook. seeing revenue falling 11%. prior guidance was a range between a 3% decline and 3% increase. investors punishing the shares late yesterday. take a look at that. off by 9%. intel is buying up to 15% of asml. intel wil
business. in the obama economy, the federal reserve announced a downgrade for their economic outlook for growth and employment. we cannot wait. this is not about the personality or politics. it is about his policies. they do not worse. house republicans have a plan for job creators. unfortunately, all of these bills continue to stack up like cordwood in the democratic- controlled senate. a lot of our bills have to do with easing the regulatory burden on small business. it is not just me saying it. we hear from our constituents. i heard from don last week. talking about the health care plan he said, we are giving up this part of our business due to federal regulations. this is one example of how obsessive regulation is stifling business. only one person will lose his job that is a large layoffs and a small company. the bottom line, the federal government is regulating small business out of business. mr. president, senator reid, we cannot wait. work with us together on our p
city, firing their guns in the air. families are arriving slashing victory signs out of their air. this is a moment people never thought would come and it developed very quickly again yesterday. it all began with rebels in zawiya decided that zero hour had arrived. they just decided to walk to tripoli and by the thousands people left zhou zawiya and gads troops simply melted away. they decided they have not going to fire on their own people. on a personal note, the reception we ve been getting are incredibly warm. people are so excited and they have a new future ahead of them. people came out of their homes, they were giving us food and giving us water. crowded hoisted me up in the air to show how excited they were that this moment has finally arrived. it s not over yet. there is some still fighting in this city. rebels only control about 80% of it. gadhafi s whereabouts are currently unknown. chris. richard, an amazing report. thank you. president obama says the future o
charge against moammar gadhafi. there are reports of resistance from gadhafi loyalists. nbc news chief foreign correspondent richard engle is in tripoli. richard. there is an incredible feeling of optimism now in tripoli. people are streaming into the city, firing their guns in the air. families are arriving slashing victory signs out of their air. this is a moment people never thought would come and it developed very quickly again yesterday. it all began with rebels in zawiya decided that zero hour had arrived. they just decided to walk to tripoli and by the thousands people left zhou zawiya and gads troops simply melted away. they decided they have not going to fire on their own people. on a personal note, the reception we ve been getting are incredibly warm. people are so excited and they have a new future ahead of them. people came out of their homes, they were giving us food and giving us water. crowded hoisted me up in the air to show how excited they were that this m