Consumer prices jump most in 2 years; Dow plunges 178
CBS News
Transcript
[Music] Americans paid a lot more for gas clothing prescription drugs and other items in November which saw the biggest jump in consumer prices in more than two years that reignited inflation fears and had investors betting the FED won't cut interest rates again anytime soon the Dow plunged 178 points the NASDAQ Composite sank 32 cash strapped consumers appear to be limiting their online spending this holiday season waiting instead for those last minute Bargains online sales in November and December are expected to rise 20% that would be a record low for the internet industry more than 20 million Travelers will be getting a present in the mail this holiday a notice from a New York federal court about potential refunds for foreign currency exchange fees the refunds a minimum of $25 are part of a settlement of a class action lawsuit against some major credit card companies for overcharging customers and after a year on the market Nintendo continues to cash in on the Wii November was the biggest month yet for the game console with nearly a million sold if you can't seem to get your hands on one in time for Christmas because of supply shortages Nintendo is offering rain checks exclusively through GameStop stores and that's your money watch click on cbsnews.com for more in New York I'm Alexis christopherus