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From NPR News in Washington, I'm Jack Speer.
The biggest one-day jumping in oil prices ever, a more than ten dollars a barrel surge coupled with an unexpectedly weak employment report was enough to give the financial market a case of indigestion at the weekend.Oil closed its highest level ever close to 139 dollars a barrel today after the oil industry analysts speculated the prices could be even higher within the month. Daniel Yergin, chairman of Cambridge Energy Research Associates, he says while there is only one thing it seems to be market jitter that playing a bigger role here.
when you see oil go up ten dollars in a day or 17 dollars in two days and nothing is a physically effective to supply of oil. That tells you that effectively tells you this market is very very nervous.
On the job's side,the government reported the biggest one- month jumping unemployment rate in more than twenty years. The unemployment rate is rising a half percent to five and a half percent in May.
A bill would cap a emission's of greenhouse gases linked to global climit change died in the Senate today . NPR's Brian Naylor has more.
The measure failed after backers could not get the 60 votes they needed to end the Republican led filibuster. The bill would establish a cap-and-trade system instead of reducing carbon emissions by industries and utilities. carbon emissions would be kept at 71% the low current level by midcentury. Opponents argued that it would drive up energy prices and the President promised to veto though the measure died in the Senate back clues like California Democrat Babera Boxer looked at the brighte side.
"This is a landmark day to another milestone in the fight against the global warming. "
The bill supporters said they 'll be back next year with the President that supports their efforts.Brian Naylor, NPR News, the Capitol.
US ambassodor is in Zimbabwe accused the government there of using food as a weapon to ensure President Robert Mugabe stays in power. The spoke reports by a video conference as NPR's Michele Kelemen reports.
Authorities in Zimbabwe have suspended the work of foreign aid group said ambassador James McGee says he is giving reports that government's food aid has been given only to those who support Robert Mugabe. He said opposition supporters have to give authorities their voting cards and therefore give up their rights to vote in order to get food handout.
"We are dealing with a desperate regime here that will do anything to stay in power," , which has weeks to go before a run-off election ambassador McGee expressed concern for the safety of Mugabe's main opponent Morgan Tsvangirai. The embassador said he would continue to try to keep an eye on the activities of the government of Zimbabwe to deter them from doing anything to harm the opposition candidate. Michele Kelemen NPR News, Washington.
Firefighters in North Carolina had been working and contain what's been described as a massive wildfire at remote federal wildfire refuge in the eastern part of the state, they say the fire which is spreading all hundreds of miles has burned up to 29,000 acres in and around the Pocosin Lakes national wildfire Refuge.
On Wall Street, the DOW fell 394 points today, this is NPR News.
Backers of Barack Obama would no doubt be touring into miles to see what Hillary Clinton has to say. Clinton is expected officially end her campaign at noon throwing her support behind the presumptive presidential nominee. The former first lady is also expected to urge Democrats to unite behind Obama and help him to defeat the apparent Republican nominee John McCain in the fall. Obama and Clinton met last night in Washington and was being called the secret meeting though some details haven't been emerged. Senator Dyen finds says the meeting took place at her home where they are for about an hour.
Presumptive Democratic nominee Illinois Senator Barack Obama made unscheduled appearance at the state, his hometown of Chicago. He joined the rally to congratulate the city are being the finalist host the 2016 summer Olympics Chicago public radio's Toney Alto has more.
Chicago is named the finalists for the Summer Game earlier this week. along with Tokyo, Rio de Janeiro, Madrid and while the Olympics was the reason for the enthusiastic rally in downtown Chicago. it was Obama to pump out the crowd. He says the city is the worthy city to serve as one example of what it has to offer the Olympics.
"Bringing the Olympics to Chicago will be a capstone of the success that we've had over the last couple of decades in transforming Chicago to become not just a great American city but a great world city"
The presidential contender also used the event to mention his campaign. He says when the 2016 summer game draw around he'll be wrap enough his second term as president. For NPR News, I'm Tony Artle, the Chicago.
Near month contract for benchmark great crude oil rose ten dollars and seventy five cents a barrel today. It closed at $138.54 a barrel on the New York Merchantville Exchange.
I'm Jack Speer, NPR News, in Washington.

