cnn, of course, is your source for financial news. we ve got a big run nup the dow. let s get you to cnnmoney.com. we are three hours into the trading day. dow in triple-digit rally. better than expected existing home sales index and spate of corporate profit reports among the factors boosting stocks so far. let s take a look at the number. we are up 201 points, the nasdaq is up 51. we have most of our stocks in the s&p 500, the s&p up 23 points. 464,000 people filed for first-time unemployment benefits last week. the unemployment rate is expected to remain very high for the forseeable future. but there are jobs out there. patricia wu joining us from new york. patricia, can you tell the people watching desperately in
newsroom. you ready? the previous week, much higher i m running. hey, that was your mutual of than economists expected. omaha segment? is that what that was? where is stan brock when you need him? stan brock, i m calling you later in the day. kyra, have a great day. hi, everybody, live from studio 7 at cnn headquarters, the big stories today, a powerful weather system presenting a possible new threat to cleanup and containment in the gulf oil disaster. from villain to hero, cha is next for shirley sherrod? she has a new job offer from the boss who forced her to resign. [meow] desperate for nighttime heartburn relief? this is a good woman. she s been put through hell, and for many, nexium helps relieve heartburn symptoms caused by acid reflux disease. and for the majority of patients i could have done and should with prescription coverage for nexium, have done a better job. it can cost $30 or less per month. and the united states versus headache, diarrhea, and abdo
through adair, the shipment was delayed, so they only got $3,000. $2,000 from the train s safe and the rest from the passengers. patricia wu is in new york. president obama is scheduled to sign the landmark financial reform bill in less than two hours. what does it mean for you? from credit cards to mortgages, big changes are coming. hey, kyra, we ve been watching that tropical disturbance for a couple days now at that it has weakened but don t write it off just yet. that the man convicted of a terror attack on pan am flight 103, killing 270 people in lockerbie, scotland released. remember the scene, outraged people around the world. u.s. senators are investigating what happened. we ll talk to a senator leading that charge.
president obama is expected to signed the financial reform bill in less than an hour. it will have a big impact for many consumers. pat trish what wu joins us from new york. what are the changes we will see? there are key changes that are coming for consumers. first, there s access to your credit score for the first time. if you get turned down for a loan or get offered a crazy interest rate, there s no more mystery. you will see the credit score your lender is working with for free. so the changes are also on the way for debit and credit cards. on the debit side, the federal reserve is charged with making sure the swipe fees banks charge stores could be fair and reasonable. on the credit card side, store owners can now set minimums on transactions up to $10. so you may not be able to charge
dropping jaws. rod blagojevich keeping his lips sealed. that s a first. the outspoken ex-governor promises to testify but now he s backing out. it is 9:00 a.m. on the east coast and 6:00 a.m. out west. i m krya phillips. you are live in the cnn newsroom. the big question about shirley sherrod today is will she get her job back? assuming she wants it. how about it, mr. vilsack? the agriculture secretary seems willing to consider it. the white house agrees that this is a case that needs second look and here s a statement that he actually made this morning. i am, of course, sxlg will conduct a thorough review and consider additional facts to ensure to the american people we are providing services in a fair and equitable manner. those additional facts are the context of the speech that sherrod gave in march. not just the blurb that started this whole mess. here s sherrod s response. this is what what i have been asking for the entire time because i know what s fair and equita