113 93 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

A tight oil supply. the national average cost her gallon is $3.93 up $0.12 from a week ago, $0.20 from a month ago and likely to keep rising after opec plus said it will pull 2 million barrels a day off the market. when i read 3.91. last week it was something else. it will hit people in their spock et books. >> bill: a lot of people noticed this. 12 minutes past now. the democratic president of the l.a. city council under fire over leaked audio. what she says that has some people calling for her to resign immediately. >> dana: the border czar ignoring the border on a trip to texas of all place...

Bill. if you have debt that you're carrying over month to month, it is going to cost more to finance that. if you're getting a new car, you're going to -- auto loans financing is more, student loans, mortgage rates. these are things that have so many people feeling like the economy just isn't working for them right now. >> i mean, i like the bad news and then the good news. let's go there now. the less lousy. >> this week things have been looking a little bit better. and, again and again we have seen numbers that are improving. gas prices down 64, 65 days in a row now. $3.93. you got 20 states...

Paychecks and may be holding always bait for more cars to come to the dealer lots. and if you are looking for recession, you boyou won't find here. consumers are shifting toward necessities but still spending. and overnight, gas prices fell again another penny to $3.93 a gallon, that is 64, 65 days in a row now of falling gas prices. some encouraging news for the little league baseball player who fell out of his bunk bed at the world series. coy wire has more. how is he? >> 12-year-old easton oliverson is looking pretty good. he was days away of realizing his dream of playing in the little l...

Surging from 3.93 last year to five percent. that is a big jump. a lot of folks believe it is bad news for home sales and prices. emac, you say that is great news. >> it is great news for the housing market temp really. it will get people up off their seats to look in the lower rate. pending home sales in may rocketed higher because people tried to look in the affordable mortgages now. and that's what the realtors said. >> mike, is it great news or bad. >> emacis right. i think it is going to slow down the rate of the growth we saw in home prices because the economy itself is weak. incomes are...

Unsportsmanlike behavior. no room for that. >> i like it. >> keep it clean, people. christine romans. here with our business news you need to know. >> good morning. home prices on fire. the national association of realtors says home prices jumped in may. $280,000 is the median price. up 15% from last year. biggest gain since 2005. mortgage rates eased a bit last month, but don't expect that to last too long with all the talk of the fed tapering. freddie mac says a 30-year fixed, 3.93%, the 15-year, 3.04%. >> all right. thanks so much, christine. now we need the weather, and that means indr...