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For one, the minimum wage is higher in this state, it's 7.40 here, compared to the national average which is 7.25. but the main reason is political, republicans and democrats want to hold on to the senate. and this state has one of the fiercest senate races with representative gary peters, he's the democrat by the way, he's facing off against terry lynne land. he's hoping to gaining some momentum from this issue, as are other democrats who are facing tough battles throughout the country. that's president obama's main mission here, but of course, he also called on congress to increase the minim...

The other thing is what happened is the manufacturers all went down to the south where all this -- i don't want to say it. >> be careful. >> i don't want to say it. where labor was very cheap and cars were not built nearly as well. >> are they bankrupt? >> are they bankrupt? >> the cities they moved to, are they bankrupt? >> at $7.40 an hour, no. >> do you think detroit would rather have jobs back? >> not at the wages they're paying them in the south. >> isn't it the case, eric, that automotive industry is actually doing fairly well. >> right. >> it's the city itself that is falling apart unde...

You can get. the other thing is what happened is the manufacturers all went down to the south where all this -- i don't want to say it. >> be careful. >> i don't want to say it. where labor was very cheap and cars were not built nearly as well. >> are they bankrupt? >> are they bankrupt? >> the cities they moved to, are they bankrupt? >> at $7.40 an hour, no. >> do you think detroit would rather have jobs back? >> not at the wages they're paying them in the south. >> isn't it the case, eric, that automotive industry is actually doing fairly well. >> right. >> it's the city itself that is falli...

The average is only $7.40 an hour. if you work full-time for minimum wage, the difference between what just happened in those nine states and everywhere else in the country, it's about $1500 a year, which matters, right? elections, state elections have consequences. there are big differences between the way that our states are governed. and if you thought the differences between the red states and the blue states were already pretty stark, wait until you hear what just happened in virginia. that's next. meet the 5-passenger ford c-max hybrid. when you're carrying a lot of weight, c-max has a n...

Going back to friday, you'll see a sharp increase, $7.40 a barrel up. in london, meanwhile, that's brent oil, which is being described as a very close indicator of the risk in the market. the risk premium in the market as the middle east unrest continues. it's coming off just slightly at 107 pounds a barrel. the -- it's down about 14 cents. so i actually think that may be dollars, not pounds. libya, of course, produces more than 1 1/2 million barrels of oil a day. and as the anti-government protests in libya intensify, other commodity prices are going up, as well. the price of gold has been fl...