will be sitting on a beach in for the lauderdale fort lauderdale sipping fruity cocktail with umbrella in it. back to you. shannon: they re making the most of creativity. for sure. any word how long it will take to get the air service back to normal if there is a normal? probably another day or two. because in particular, new york airports are just starting to reopen right now. it s going to take some time for the airlines to get their planes down here and to other airports until the system can return to normal. shannon? shannon: all right, peter barnes. live at the reagan international airport. thank you so much. stocks were mixed. the dow lost 18-1/2. s&p 500 was up three quarter of a point. nasdaq gained a point and two-thirds. oil prices fell 32 cents from a two-year high to settle just above $91 a barrel today. but prices are not likely to dip any further, as opec minister say production will not increase. the price of gasoline is averaging just over $3 a
like we have to deal with higher gas prices during the holiday, in particular. how high could prices go? it s looking like $3 a gallon. many people in the country are already paying more than that. the national average, all of the places in this country, when you look at gas prices, the low prices and high prices averaging more than $3 a gallon by christmas. they are already seeing that on long island here in new york and chicago, minneapolis, philadelphia, san francisco. here s why. oil prices are at their highest level in two years. more than $89 a barrel today. one of the reasons for that, kyra, is the weaker dollar. the dollar got weaker when the quantitative easing that the fed put in place a couple of weeks ago went into effect. that weakened the dollar. when you print money, it making the dollar worth less and there is strong demand for oil because it s wintertime, and people are
a very long steel tube. there s nothing else expensive in new york. oh, right. i know. it s all cheap here. i was there yesterday. i was like, what, for a cup of coffee? what s behind the increase? it s oil prices. oil prices are at the highest level in two years. $89 a barrel today, and there are two reasons for that. one is a weaker dollar. the fed is pumping a lot of money into the economy right now. we talked about the stimulus measures. the quantitative easy. the other is supply and demand. there is stronger demand in the winter. people are heating their homes, and oil inventories have been falling here in the u.s. over the last couple months. the economy appears to be improving. people are out driving and planning trips. that brings up demand and causes the increase. thanks for the report. facebook s got a new look,
some boost to the international markets. and, the euro got stronger against the dollar which is significantly weaker. oil went up, $83 a barrel today, in mid-trading so gas is going up. and gold up to $1,380, sorry, $1,340 an ounce, in u.s. dollars, and that is the last few minutes of trading and to go up 2 percent on the day is quite a number, indeed and to get to 11,000 is a sign that things are improving. if you look at a chart our economy is imrobbing in improving. is that saying sit over? no, but if you have money in a 401(k) or invested in stocks in general, you are making money today. a brand new government report supposing major problems in the massive bank bailout two years ago. according to an ought the by the
barrel today, after a steep drop yesterday, keeping a close eye on that, and our gas prices, of course. in the bottom box, hole loan and refinancing applications jumped last week as mortgage interest rates hit yet another new record low. jon. jon: are you sure it s september? jenna: it is. jon: what did that when did that happen? new hurricane warnings for north carolina as earl bears down on the east coast, the emergency management agency planning people to advising people to prepare there. on the phone, bobby auten, it s my understanding visitors have been told to get off the island. that s a mandatory evacuation as of 8:00. jon: just for visitors or resident? just for visitors at this point. jon: i m sure it takes a pretty serious situation for you to have to order an evacuation at the close of tourist season. businesses aren t going to be happy, but people have to be safe, huh?