1.2M Americans lose power in heatwave; Dow rebounds 76 points
CBS News
Transcript
[Music] more than a million Americans are facing a heat wave without air conditioning utilities across the country have reportedly disconnected about 1.2 million people who were behind on their bills from March through May and many more homeowners who can't keep up with their bills are at risk of having their electricity shut off this summer more bad news for the housing market the National Association of Realtors says the pace of home sales and prices will fall more than expected this year the group is predicting the slowest sales Pace in four years with home prices down about 1 and a half% over last year on Wall Street a bigger than expected increase in oil inventories and some merger news help stocks bounce back after yesterday's sharp selloff but investors are still jittery about earning season the DOW Industrials Rose 76 points the NASDAQ up 12 Kmart will add 70 new generic drugs to its 90day generic drug program the the program which began last year let drugs for $15 there are currently more than 300 drugs included in that program and Microsoft is ink a deal with Disney the software giant will make 35 Disney movies including hits like Aladdin available for download on its video game console the highdef movies will be available to subscribers of Microsoft's Xbox Live and that's your money watch click on cbsnews.com for more in New York I'm Alexis christoffer us