National average. hurricanes are only part of the problem. regional and local insurers say they are struggling due to frivolous lawsuits and excess claims. looking at markets, hang seng closed up 4%, that is the biggest one day gain in three months. the rally led by news that china may unveil stimulus to boost its faltering recovery. european markets are also higher. stock index futures also moving up. investors cheered a vote to raise the debt ceiling and that and thinking that the fed will pause its interest rate hikes this month. the debt ceiling is resolved but not before the drama pushed up mortgage rates to their heist level since november. inflation watch, gas prices held steady, $3.57, but down from near record highs a year ago. coming up, may s jobs report due out in a few hours. 100,000 jobs expected to be added. and let s bring in chief
Us as far as the stock market goes. back to levels 4 years ago? exactly. feel free to check your 401 k. your investments are probably doing better. we are back at levels from 2008. stocks are above 1400 which is the heist level since 08. everybody was dreading when they would get the statements in mail. not wanting to open those. also this morning lines for the apple ipad. they have this thing on lock don t they? t minus 3 hours right now. you can get on-line or add yourself to a line that is already formed to get the new apple ipad. it goes on store shelves today. we are hearing it already went on sale at midnight at wal-mart. not sure if it is true yet. whether we should love it or not people are lining up for it. i am going to be at apple later. i will stand in line for you.