it is sunday, june 24th. good morning, everyone. i m randi kaye. so glad you re with us. we start this morning with pretty extreme weather. in the gulf of mexico, we have tropical storm debby. it is still building strength as it moves closer to the gulf coast and communities are bracing now. in colorado, firefigers are trying to contain a wild fa fire cobb suming 200 square miles and it could take at least three more weeks before contained. in minnesota, floodwater left a path of destruction through duluth. people areurning home to devastation and loss. that includes saying goobye to those homes badly damaged by the floodin flooding. we have to topple it into the hole because we can t save it. it s a good little building. i wish my granddaughter could have enjoyed it as much as my dauger did. let s get back to tropical storm debby. bonnie schneider is in our meteorologist center this mornin morning. randi, right now, we are king quite a bit of extreme weather. let
talking a toll. gas prices overnight jumped 3.3 cents a gallon. on fears iranian oil, which is the world s fourth biggest stash of crude, could be disrunted. if they made good on their promise to halt the crude, it would hurt consumers around the world. jim beonco said it would send the united states into another recession with gas prices possibly hitting $4.75 a gallon. the move would also devastate iran. sources tell us 80% of that nation s economy is linked to oil and natural gas. will iran do this, will it come to this? mayor rudy jewgiuliani was mayon new york on 9/11. let me start with the rhetoric. do you think it s going to get to point where iran feels threatened enough to shut off the crude oil? i do. i m not sure they will because it has a devastating impact on them. they re vargood at threatening. the threat you have to take as a real 1, and as we ratchet up the pressure on them, they may very well take the step to see what kind of pressure they can put on us. a
for state hood. this hour, the president is expected to meet with palestinian authority president abbas. he held a separate meeting just a little while ago with benjamin netanyahu. let s bring in our chief white house correspondent, jessica yellin. she s covering this from new york. the president also delivered a major address before the u.n. general assembly. that s rig, wolf. the palestinians continue pressing their case here at the united nations and it was the most dramatic issue the president addressed in his speech today with repeated the theme, peace is hard. the president trumpeted progress at the end of this year, america s military operation in iraq will be over. osama bin laden is gone. and warned of challenges ahead. where we stand with the syrian people or their oppressors. what so many were listening for was this. we seek a future where palestinians live in a sovereign sate of their own. how would we explain his opposition to the palestinian push
verdict that is letting anthony go free this weekend. i want to welcome our viewers in the united states and around the world. i m wolf blitzer. you re in the situation room. one of the world s biggest media empires in crisis now. rupert murdoch publicly apologizing for serious wrongdoing and is now the front tabloid, the news of the world. the new ad in british newspapers coming days before he and his son are scheduled to face members of parliament. our correspondent brian todd and allan chernoff are standing by. first to london and our senior correspondent don rivers is standing by. are people in london, dan, still as shocked as they were over these past few days? reporter: i think so, yeah. i mean, this has been a seismic week in british politics. a week that will be written about for decades to come, i think. just having all of the main political parties that are normally squabbling at each other s throats suddenly united, but they re united because of their conte