Gas hits near-record $3.22; Countrywide faces fraud probe
CBS
Transcript
[Music] drivers are digging deeper when they pull up to the pump gas prices are near a record high as we inch closer to Spring the national average is 322 a gallon that's up 9 cents in just the past 2 weeks and 69 cents more than we were paying last year experts say there is no relief in sight at the gas pump as crude oil tops a record $18 a barrel experts say these record crude prices could translate into $4 a gallon gas by the summer on Wall Street stocks extended last week's losses on those Rising oil prices and another drop in financial stocks the Dow sank 153 points the NASDAQ Composite tumbled 43 Countrywide Financial is reportedly under federal investigation for Securities fraud the FBI is looking into whether company officials misrepresented its financial position and Wall Street had an appetite for McDonald's today after the fast giant said sales jumped nearly 12% in February thanks to strong demand in Europe and an extra selling day last month and Beatles fans May soon have reason to sing reports in the British press say apple and Paul McCartney have Inked a 400 million doll deal to make the Fab 4's entire catalog available on iTunes both apple and the Beatles record label are refusing to comment that's your money watch log on to cbsnews.com for more in New York I'm Alexis christopherus