The Commerce Department reported this morning that consumer spending was flat for the second month in a row. Add to the equation the fact that inflation is on the rise, and Dan Grech reports it amounts to trouble.
Asian markets flirting with oil prices of $103 a barrel at a time when countries are under pressure to hold the line on prices. Bob Moon gets insight into inflationary pressure with Raphael Minder of the Financial Times.
Keeping with the trend of pre-portioned "100-calorie" snack packs, the Girl Scouts have developed a new low-fat cookie called the Cinna-Spin. Andrea Gardner reports the girls should cash in on the trend.
California and 14 other states want tighter limits on greenhouse gas emissions from cars. But the EPA says it will deny the bid for stricter regulations. John Dimsdale reports it could have to do pressure from the auto industry.