Oil hits record $112 a barrel; Dow slips 49 points
CBS
Transcript
Wall Street will be watching to see if oil prices break another record oil hit an all-time high Wednesday topping $112 a barrel that's after an unexpected drop in US crude supplies demand for oil remains strong even though consumers are cutting back in other areas that spike in oil prices put pressure on stocks the Dow lost 49 points while the NASDAQ gave back 26 investors will also be watching for the latest number of firsttime unemployment claims and the trade deficit for February a deal between Yahoo and Google could also grab some attention on Wall Street today Yahoo will carry search ads from Google as part of a test that could lead to a broader partnership between the internet Giants a permanent deal could be a money raiser for Yahoo and could affect merger talks with Microsoft what do you plan to do with your tax refund this year if you're like most Americans you're not going to spend it a new survey finds 85% of Americans who expect to receive a tax refund plan to use it to pay off debt invest or save same story for those tax rebate checks arriving in the mail next month most Americans say they will not be spending the money on new purchases which means it won't help the struggling economy that's your money watch log on to cbsnews.com for more business headlines in New York I'm Alexis christopherus