New home sales plunge 9% to 12-year low; gas nears $3
CBS News
Transcript
[Music] the housing market is tumbling even more than expected sales of new homes plunged to their lowest level in more than 12 years in November down a much more than anticipated 9% at the current sales rate there are now more than 9 months worth of new homes on the market and that news put the breaks on an early rally on Wall Street the Dow inched up six the NASDAQ lost too if you want to buy a movie from Walmart you're going to have to go to the store from now on the retail giant has closed its movie download service after less than a year Walmart still operates a music download service on its website more pain at the pump for drivers gas prices Nationwide Rose back to $3 a gallon on average up nearly 2 cents overnight according to AAA and analysts don't expect prices to ease in the new year they predict they'll Peak at nearly $4 a gallon in the spring and if you're feeling guilty about gorging yourself at all those holiday dinners some big chains say they've got the solution light menus at Taco Bell nine new menu items will offer items with 8 gam of fat or less and 350 calories or less while Starbucks skinny platform will include lattes made with skim milk flavored with sugar-free syrup that's your money watch log on to cbsnews.com for more in New York I'm Carter Evans