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September. a manhunt underway for an accused murderer until alabama. he is still at large after breaking out of jail with two other inmates yesterday. now, just hours ago police praebded one of his accused cohorts already overpowering. sflimplg take a look at some really stunning images from our cnni-reporters. these are their views of the meteor showers, and all of this light, big show really happens every year around mid-december. last night it was the showers predicted peak of up to 120 meteors per hour. again, it's the geminid meteor shower. you can still catch it tonight. gas prices k...

When the stock market opens tomorrow, investors will be hoping for a big turn around from last week when the dow and s&p had the worst performance of the year, but will be the impact of this week big economic news. oil prices continuing to fall and the spending bill now on president obama's desk, including a major change to wall street reforms. the former chief economist for vice president biden and a senior fellow. and a great friend to us here. good to see you, jerry, thanks for joining us. >> always happy to be here. >> let's talk about the fuel prices. the average price at the pump, now $2...

Ever, 2.56%. the most popular mortgage rate 0-year 3.35%. sometimes i can't believe these numbers come out of my mouth. you say them and think, am i living in some parallel universe? >> basically free access. it's just so cheap. that has a by-product which is pressing prices higher. one thing interesting is that people that qualify at say a 30-year fixed at 3.5%, if rates go up as high as 5%, which no one expects that in the immediate future, things are still very weak, you don't lose that many people that qualify. in other words, i feel like the drive for low rates in the housing market is al...

European sovereign debt? yes, absolutely. >> and you go into those big blue chips, getting 3.5% yield versus 1.7 and a ten-year note. would you want to led them a government yield or walmart? >> you've still got people who are under water, but you are seeing happy housing news. part of the happy housing news is mortgage rates. solo, 15-year fixed, lowest level ever, 2.56%. the most popular mortgage rate, the 30-year fixed rate mortgage, 3.35%. sometimes i can't believe these numbers come out of my mouth. >> right. >> you see them, you think am i living in some parallel universe? >> basically f...

Investing. >> let's talk about the housing information that you have for us. what's the news on the housing front? >> right, if there's any indication that housing market is improving, this is it. the housing prices are starting to rise. now the case shiller index, which is an index that takes the home prices in 20 metropolitan cities, has gone up about 1.2%. and one of the reasons why is because inventories are so low, and people are out there buying these new houses, that's driving up the prices of these homes. now part of the reason why people are out there buying is because the mortgage ra...