iPhone launch mania; Fed holds rates at 5.25% on inflation risk
CBS News
Transcript
[Music] it's iPhone day the most anticipated Tech Gadget possibly ever hits apple and AT&T stores tonight at 600 p.m. devoted tech fans lined up some as early as Monday to be among the first to get their hands on the smartphone that brings not just a cell phone but video music and the web on the go some people waiting in line say they plan on reselling their iPhone on eBay for a lot more than its $5 and $600 retail price meantime two iPhone Rivals are out with news the maker of the Blackberry device says earnings soared 73% last quarter thanks to strong sales the company also announced a three for one stock split Palm did not Faire as well though with its Trio device profits at Palm sank 44% last quarter more of the same from the FED policy makers left short-term interest rates unchanged Wednesday at 5 and 1/4% but again stress that inflation Remains the biggest risk to the economy leaving the door wide open for an interest rate hike in the future in the end the Dow slipped Five Points while the NASDAQ inched up three and it's a dream come true for millions of little girls starting today they can design their own Barbie doll Mattel and toy store FAO Schwarz have teamed up to offer the styled by me Barbie doll girls can choose from among seven Dolls featuring different skin tones and hair color and then dress them up from a closet full of Runway and real world inspired Fashions and accessories that's your money watch log on to cbsnews.com for more business headlines in New York I'm Alexis christopherus