Dow rallies 119 on housing aid plan; new iPod teased

CBS News

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[Music] it's back to work on Wall Street after the long holiday weekend investors will be greeted with several New Economic reports including news about the housing market but they may stick to the sidelines ahead of the latest Federal Reserve beige book and productivity reports that are due out later in the week those reports could offer Clues as to whether the FED will cut interest rates when policy makers meet next week ahead of the holiday stocks rallied on news the White House was l a helping hand to troubled homeowners the Dow gained 119 points while the NASDAQ closed up 31 keep an eye on shares of Apple this week the tech giant is expected to unveil a new iPod Wednesday insiders are expecting the sixth generation iPod to feature a widescreen and multi-touch Technology Consumer Reports says the average driver can save over $30,000 by keeping their current car for 15 years or 225,000 mil that's compared to the cost of buying an identical model every 5 years the average length of time that Americans keep their cars of course to keep a car that long it has to be wellmaintained including regular fluid changes cleanings and repairs that's your money watch log on to cbsnews.com for more in New York I'm Alexus christopherus

Dow jumps 91 as Toyota passes Ford in US sales

CBS News

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[Music] investors return from summer vacation in a buying mood as Wall Street kicked off September with a rally the Dow shot up 91 points the NASDAQ Composite ran up 33 a bit more help for struggling homeowners the Federal Reserve and other banking Regulators have issued special guidance they're urging lenders to work with borrowers in danger of defaulting on their home mortgages when than 2 million Americans may lose their homes in the coming months as mortgage rates reset to higher levels Toyota passed forward to become the nation's second biggest car maker in terms of sales that's after Ford posted a 14% Plunge in August sales sales at Chrysler sank 6% but GM surprised Wall Street with a 6% rise in sales get ready for the new and improved iPod Apple is set to launch a new range of its digital music players tomorrow and while Apple won't give any details word is the new iPod will have a touch screen and let users download and buy songs as they're being played and if money is No Object how about the diamond and crusted iPod with white and pink gold it's the world's most expensive at over $40,000 that's your money watch log on to cbsnews.com for more in New York I'm Alexis christopherus