Dow surges 157 as oil drops; passport rule eased
CBS News
Transcript
stocks snapped a three-day losing streak as investors went bargain hunting for cheap stocks a big drop in oil prices also helped spur the rally and the dow raced ahead 157 points the nasdaq composite rallied 32. well if you've been waiting for your passport to arrive so that you can travel within north america you're about to get some relief the white house will temporarily suspend a rule saying that americans need passports to visit canada mexico the caribbean and bermuda instead you'll have to show a receipt for your passport application and another form of id such as a driver's license the suspension is in response to angry complaints from americans because of a three-month backlog in issuing passports the honda civic is tops with teens according to a new survey the most popular new and used car among teenage drivers is the honda civic followed by the ford focus and toyota corolla and shrek is working like a charm for mcdonald's the big green ogre is raking in lots of green for the fast food giant where sales jumped nearly 9 percent last month thanks in part to strong demand for its shrek happy meals which include talking characters from the animated film that's your money watch click on cbsnews.com for more business headlines in new york i'm alexis christopher