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Giving more money back to consumers and businesses. tom costello reporting from us there. part of the rational from the white house releasing the barrels is because of decreased production from libya because of the three-month conflict in which we ve been participating. declines in exxon mobil and chevron led the blue chip index lower. u.s. stocks managed to bounce back from a steep selloff earlier in the session. rebecca is live in london. good morning. let s put the oil story into context as well. we use a lot of nil the the world. if you look at how much consumption this really cover ls. it accounts for about 17 hours of global consumption. that s one factor to bear in mind here in. many commentators say this forms a kind of qe 3, helping to add ....
All. i was surprised that they want to get it across and they succeeded. but, i mean, that s the complication of being a free market, a free enterprise party, right? what they can t really say here s what the government should do outside of tax cuts because they don t want a lot of them feel like they don t want to be george w. bush in a way in tarp and getting in with the economy. you re dealing with the base right now. against qe-3, right? no quantitative easing. that s what willie was just saying. they all agreed to slash the corporate tax rate. some of them suggest in repealing sarbanes-oxley and dodd-frank. and michelle bachmann said by repealing what you call obama care would create jobs because it kills some 800,000 jobs. getting rid of more jobs? yeah. don t forget john huntsman, ....
It only artificially props up the economy. there will be calls for qe- 3 you are beginning to see the seize planted right now. the choices on this one is we don t print the money. we suffer in economic pain because the false prop is removed. people in america are not ready for it. no one prepared them. we d have civil unrest. we could do to qe-3 and print more money. which would inflate our money and make things more expensive for you to buy and would lead to civil unrest. the israel ultimatum. this happens by september. they gave israel 30 days to comply with the 1967 border rules they said we have a month to see if we can work things out ....
Wii fans get ready to chuck your nunchucks. a new system with a tablet-sized controller is in the works it s called the wii-u. it functions like a traditional controller but it also has a 6.2-inch screen built right inside of it. reporter: outside gaming nintendo says it can serve as a secondary web browser, video chat tool, even acting as a scale so gamers can weigh themselves. it will be backward compatible with wii games and certainly wii input devices. reporter: nintendo hasn t said how much it will charge for the wii-u. and you will have to wait a wee bit longer before one lands in your living room. nintendo s launch date simply some time after april of next year. whoo! rob hayes reporting for abc news. you can hardly contain your enthusiasm. for all this. that was a lot of enthusiasm. did you see the people coming in, dude, dude, dude if you are a single woman looking to meet someone, that s where you should go. with nintendo stuff it looks silly in the begi ....
A good way to put it. video game companies around the world were on hand for the day s the first day s big announcements including what is next for nintendo wii. kabc s rob hayes has a look. wish i was there. reporter: in video games, speed and agility are assumed. with video gamers whoo! reporter: it s not. but when the doors first opened at electronic entertainment expo, enthusiasm could be the extra e to add to e-3 as well as enormous. reporter: and it is enormous. every year the gaming expo swallows up the entire l.a. convention center. the biggest video game companies from around the world, e.a., microsoft, all showing off their latest bells and whistles. oh, it s outrageous. there s nothing like e-3. it s just gamers everywhere. everyone coming to do the same thing which is just re-fall in love with games. reporter: all the bright lights and big noise don t mean anything without any big announcements, and there certainly was ....