June 1st, 2010
09:35 PM ET

The day's most popular stories

The five most popular CNN.com stories during the last 24 hours, according to Newspulse.

Robots succeed, cut well pipe: A new flow of oil emerged from BP's damaged undersea well in the Gulf of Mexico on Tuesday evening after a remote-controlled submarine successfully cut into the well's riser pipe. It is BP's latest attempt to curtail the flow of crude from the largest spill in U.S. history.

Al and Tipper Gore announce separation: Former Vice President Al Gore and his wife, Tipper, have sent an e-mail to family friends announcing a mutual decision to separate, a longtime family friend tells CNN.

'Dirty Dozen' produce carry pesticide residue: If you're eating non-organic celery today, you may be ingesting 67 pesticides with it, according to a new report from the Environmental Working Group.

Rare photo shows Marilyn Monroe with JFK, RFK: A photo showing Marilyn Monroe on the night she sang  "Happy Birthday" at President John F. Kennedy's 45th birthday celebration months before here death makes its public debut.

Transcript reveals last moments of doomed flight: Pilots were warned of potential danger at least eight times in about 30 seconds before a Polish jet crashed in Russia in April, killing President Lech Kaczynski and about 100 others, according to a transcript that the Polish government released Tuesday.


Filed under: Most Popular
June 1st, 2010
09:07 PM ET

Japanese prime minister says he will resign

Japanese Prime Minister Yukio Hatoyama on Wednesday told parliamentary officials Wednesday he will resign.

"I'm going to step down,"  Hatoyama announced in a live broadcast on Japanese TV NHK . Read the full CNN.com story

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Filed under: Japan • Politics
June 1st, 2010
09:00 PM ET

Stocks slump amid global economic concerns

A look at highlights from the day's business news:

Stocks end lower

Stocks slumped Tuesday, ending a choppy session lower as worries about the global economic outlook overshadowed better-than-expected readings on the U.S. economy.

The Dow Jones industrial average fell 112 points, or 1.1 percent. The S&P 500 index lost 19 points, or 1.7 percent, and the Nasdaq composite retreated 35 points, or 1.5 percent.

The market retreated in early trading after a report showed slower manufacturing growth in China and the euro briefly fell to a fresh four-year low. Better-than-expected readings on U.S. construction and manufacturing helped turn the tide in the morning. But the market sold off again heading into the close.

Stocks tumbled last month, with the Dow's decline of 7.9 percent its worst May performance since 1940. All financial markets were closed Monday for Memorial Day.

Dollar mixed after reports

The dollar was mixed against other major foreign currencies Tuesday, as investors welcomed better-than-expected U.S. manufacturing and construction reports but still feared slower economic growth in China and the European debt crisis.

The dollar rose 0.1 percent against the euro to $1.229. Earlier Tuesday, Europe's shared currency reached its lowest level against the dollar in four years, ringing in at $1.2111.

The greenback was flat against the Japanese yen at √ā¬•91.26. It was down 0.9 percent against the the British pound to $1.4677.

A report showing slower economic growth in China and new concerns about the European debt crisis reignited doubts about a global economic recovery. The combination of China and Europe's bad news initially boosted the dollar's appeal as a safe-haven investment against other foreign currencies, and drove the euro to a fresh 4-year low.

But the dollar fell back and the euro regained some of its ground later in the day, as the stock market rebounded on news that U.S. manufacturing activity grew for a 10th consecutive month in May, according to the Institute for Supply Management. Meanwhile, a separate report showed construction spending rose 2.7 percent in April - its highest jump since August 2000.

Treasurys advance in quiet trading

Treasurys advanced Tuesday as stocks recovered earlier losses and trading volume remained low following a long holiday weekend.

The benchmark 10-year note rose 29/32 to 102-2/32, driving the yield down to 3.26 percent from 3.3 percent on Friday. Bond prices and yields move in opposite directions.

The 30-year bond inched up 1-12/32 to 103-13/32 with a 4.18 percent yield, while the 2-year note added 6/32 to 99-31/32 with a 0.77 percent yield. The 5-year note rose 21/32 to 100-11/32 with a yield of 2.06 percent.

Treasury prices gained as stocks retreated Tuesday. Treasurys are viewed as low-risk investments since they are backed by the U.S. government and are particularly attractive during times of economic uncertainty.

Oil slips on global demand woes

Oil prices fell below $73 a barrel Tuesday, after downbeat overseas manufacturing data raised concerns that global fuel demand will remain low.

Crude oil for July delivery fell $1.39, or nearly 2 percent, to settle at $72.58 a barrel Tuesday after dipping as low as $71.64.

Oil traded on Monday, but there was no settlement price because of the U.S. Memorial Day holiday.

The national average price for a gallon of regular unleaded gasoline fell to $2.727, down from the previous day's price of $2.732, according to motorist group AAA. That's the 26th straight day of declines.

CNNMoney.com reporters Alexandra Twin, Annalyn Censky, Blake Ellis and Julianne Pepitone contributed to this report.

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Filed under: Economy
June 1st, 2010
08:02 PM ET

Day 43: Latest Gulf oil spill updates

Puddles of oil were seen on the beaches of Alabama's Dauphin Island on Tuesday.

Here are the latest developments involving the BP oil spill in the Gulf of Mexico:

Cleanup

- Oil washes ashore on Dauphin Island, an Alabama barrier island, and on Mississippi barrier island Petit Bois, west of Dauphin.

- BP has begun its latest attempt to curtail the flow of oil from the ruptured underwater well, using robot submarines to cut into a damaged pipe a mile down.

- Process could increase flow of oil, but BP says next step - a cap over the leak - will capture most, but not all, of the flow.

FULL POST

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Filed under: BP • Gulf Coast Oil Spill
June 1st, 2010
03:22 PM ET

Web Pulse: A sinkhole, the Gores split and flotilla fallout

A sinkhole in Guatemala City.

A big, scary hole - A frightening image appeared on the photo sharing site Flickr.com of a sinkhole in Guatemala City that several on Twitter are calling the sinkhole to "hell." Tropical Storm Agatha drenched the region, resulting in the deaths of nearly 150 people in Guatemala, Honduras and El Salvador. In Guatemala alone, 90 people are missing, officials said. The country is suffering even more because the Pacaya volcano, which erupted Thursday night, has continued to spew ash. Three people were killed when they were crushed by rocks strewn by the volcano.

Splitsville for the Gores - A representative for Tipper and Al Gore confirmed that the couple sent an e-mail announcing they were separating. They have been married for 40 years. It seems the public began trying to search online for the e-mail, or at least parts of it, by taking chunks of it that have been reported and running the lines through Google. The passage that has been reported: "This is very much a mutual and mutually supportive decision that we have made together, following a process of long and careful consideration."

Flotilla fallout - The world is trying to keep up with the fast-moving story about the Israeli raid on an aid flotilla into Gaza that resulted in at least nine deaths. Protests were staged around the globe, from New York to Turkey, against Israel's actions, and the United Nations condemned the raid. Diplomatic sources told CNN that of the 600 who are being held by Israel, citizens of Arab countries, except Egypt, were being prepared for release early Tuesday afternoon. Egyptians will be moved to the Jordanian border for deportation, an Arab and an Israeli source said. Meanwhile, more witness accounts have surfaced.


Filed under: Gaza • Guatemala • Israel • Web Pulse • World
June 1st, 2010
02:26 PM ET

LeBron: Cleveland has "edge" when he's free agent

[Updated 7:45 p.m.] Read the full story on Lebron giving Cleveland the "edge" on CNN.com

[Posted 2:26 p.m.]Two-time MVP basketball superstar LeBron James is on the cusp of free agency. In an interview scheduled to air Friday with CNN's Larry King, James said his current team, the Cleveland Cavaliers, has the best chance of keeping him.

King: Do you lean at all toward the place you know the best? I mean do they have an edge going in ...

JAMES: Oh, absolutely.

KING: ... your home team?

JAMES: Absolutely. Because, you know, this city, these fans, I mean, have given me a lot in these seven years. And, you know, for me, it's comfortable. So I've got a lot of memories here. And - and so it does have an edge.

James has not talked to the media since the Cleveland Cavaliers were eliminated in the second round of the playoffs by the Boston Celtics.


Filed under: On the Radar • Sports • Uncategorized
June 1st, 2010
02:07 PM ET

Latest developments: Israeli raid on flotilla

Israel began releasing activists detained from a Gaza aid flotilla Tuesday as humanitarian cargo aboard the ships was unloaded and taken into the blockaded Palestinian territory.

FULL POST

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Filed under: Gaza • Israel • World
June 1st, 2010
01:21 PM ET

Sources: Arab citizens aboard flotilla to be freed

Citizens of Arab countries on the flotilla are being prepared for release, two diplomatic sources said Tuesday.

All Arab citizens besides Egyptians will be released from the Beer Sheva detention center and moved to the Jordanian border for deportation Tuesday evening, an Arab and an Israeli source said.

Egyptian nationals will be transferred elsewhere, but it's unclear when. Israel shares a border with Egypt.

Meanwhile, Israeli forces have unloaded the humanitarian cargo from the aid flotilla and taken it into Gaza through the Kerem Shalom border crossing, the Israeli military said.

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Filed under: Gaza • Israel • World
June 1st, 2010
11:08 AM ET

Sports update: LeBron talks to Larry; Federer at Open

 

All eyes on Roger Federer at the French Open.

Before all the French Open news you could want...We give you LeBron James. Or, Larry King will give you LeBron James. King interviewed the two-time MVP Tuesday just as the basketball superstar is on the cusp of free agency. The interview will air on Friday on CNN. Check out Sports Illustrated's Lebron watch.

On the courts, Roger Federer is 12-0 lifetime against Robin Soderling, and Soderling has won all of two sets in those meetings - but there's reason for Federer to be worried in their 13th clash as the two play with a spot in the French Open  semifinals on the line (8 a.m.-noon, Tennis Channel; noon-3 p.m., ESPN2).

It was Soderling that ended Rafael Nadal's reign in Roland Garros last season, ousting the Spaniard in the fourth round, and it was Soderling that beat Federer earlier this season in an exhibition in Abu Dhabi.

Federer may have dismissively called Soderling's win "exhibition play," but a win is a win and now the Swede goes into their latest meeting believing he can go toe-to-toe with the world's top-ranked player.

Can Soderling end Federer's streak of 23 straight Grand Slam semifinals, which dates back to 2004, or will Federer make it 13 in a row in their matchups? It's just one of the highlights on a sports slate that includes baseball and soccer friendlies (all times Eastern).

In other French Open news, Nadia Petrova vs. Elena Dementieva (8 a.m., Tennis Channel). These Russians have a history, playing 14 times in their careers with each winning seven times. Dementieva will be going for her first trip to a Grand Slam semifinal in her 10-year career, while Petrova is seeking her third semis berth.

Phillies at Braves (7:10 p.m., ESPN). Remember April? Back then Phillies were12-3 and the Braves suffered through a nine-game losing streak. Fast-forward to June and it's Atlanta that sits atop the National League East and it will try to extend that lead as it continues its series with the defending NL champs, who have lost seven of their last nine games.

Reds at Cardinals (8:15 p.m., FS-Ohio, FS-Midwest). The Cardinals handed the Reds their second straight loss Monday, creating a tie atop the NL Central. Cincinnati will try to get back on track with the ball in the hands of Johnny Cueto, winner of his last four starts?

By The Numbers

$2.8 million. Dario Franchitti received his payday for winning the Indianapolis 500 during Monday's annual victory dinner. It was part of an overall purse of $13,592,815. Franchitti won $1,645,233 when he won the 500 in 2007.

20. Alex Rodriguez hit his 20th career grand slam in the Yankees' 11-2 win over the Indians. His 20 slams are the third in baseball history behind Lou Gehrig (23) and Manny Ramirez (21).

0.78. ERA of the Rockies' Ubaldo Jimenez, the best in the majors. Jimenez won a duel with the Giants' Tim Lincecum for his league-leading 10th win of the season.

June 1st, 2010
10:21 AM ET

Israel airstrike in Gaza kills 3, sources say

An Israeli airstrike in the Gaza town of Beit Lahiya killed three Hamas supporters on Tuesday, Palestinian sources told CNN.

The people killed were militants from the Salah ad Din brigades who were suspected of trying to shoot Qassam rockets into Israel, the sources said.

The Israel Defense Forces confirmed it launched an airstrike that generated secondary explosions, suggesting that ammunition or explosives were in that area.

The strike comes after two Qassam rockets launched from Gaza reached the Ashkelon area Tuesday, where they landed near a regional council building. No one was hurt, the IDF said.

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Filed under: Gaza • Israel
June 1st, 2010
10:09 AM ET

On the Radar: Oil, Israel and primaries

New Yorkers protest Israel's raid on an aid flotilla into Gaza.

Crisis in the Gulf: It's day 43, six weeks after oil begun gushing from a broken underwater pipe in the Gulf of Mexico, and BP is again trying to use a dome to funnel some of the crude to the surface. Robots began cutting wells Tuesday. BP has said the maneuvers may increase the flow of oil. Meanwhile, shares of the company plummeted in the U.S. and overseas.

An Obama administration official has warned that the worst oil spill in U.S. history might not be capped until August. The president is meeting today with former Sen. Bob Graham of Florida and former EPA Administrator William Reilly, the co-chairs of a new presidential commission investigating how to prevent another oil spill. Attorney General Eric Holder will visit the Gulf Coast to talk with federal and state prosecutors. On Monday, the federal government ordered another 1,200 square miles of the Gulf closed to fishing, extending the restricted zone toward the coasts of Alabama and Mississippi. The big question now: If it wanted to, could the Obama administration take over the cleanup?

FULL POST


Filed under: Alabama • Barack Obama • BP • Gaza • Gulf Coast Oil Spill • iReport • Israel • Louisiana • New Zealand • On the Radar • Turkey • World
June 1st, 2010
08:06 AM ET

Tuesday's live video events

Ongoing - BP webcam of Gulf Coast oil spill

9:30 am ET - NYSE opening bell - Wall Street begins its trading day following the Memorial Day holiday weekend.

12:00 pm ET - U.N. daily briefing - The United Nations holds its daily briefing with reporters.  The Israeli military raid on a Gaza-bound aid flotilla may be discussed.

12:15 pm ET - Obama statement on Gulf Coast oil spill - President Obama will make a statement to reporters following talks with the co-chairs of a new presidential commission probing how to prevent another devastating oil spill.

3:00 pm ET - Toxic America: Environmental dangers - CNN's Dr. Sanjay Gupta answers blogger questions about chemicals, exposure and health.

6:00 pm ET - First lady launches fitness initiative -¬†First lady Michelle Obama unveils her ‚ÄúLet‚Äôs Move Outside!‚ÄĚ child exercise initiative at Red Rock Canyon in Las Vegas.

CNN.com Live is your home for breaking news as it happens.


Filed under: On CNN.com today
June 1st, 2010
07:38 AM ET

Tuesday's intriguing people

Archbishop Jose H. Gomez

The archbishop of San Antonio, Texas, selected by the Vatican to succeed Cardinal Roger Mahony of Los Angeles, California, indicated that he will continue to be an advocate for immigrants when he becomes cardinal.

The Contra Costa Times reports that 4,000 guests officially welcomed Gomez on Wednesday at a two-hour Mass at the Cathedral of Our Lady of Angels.

Gomez confirmed his views on the immigration debate by saying, "May this church always be a sign that God is with us and that in his own eyes no one is a stranger ... and no one is an alien for any of us."

When Mahony retires in February, Gomez, who was born in Mexico, will become America's first Latino cardinal and the leader of the largest archdiocese in the country, with 4.3 million Catholics. In 2005, Gomez was named one of Time magazine's 25 most influential Hispanics in the United States.

FULL POST

June 1st, 2010
05:05 AM ET

World update: Turkey to pick up citizens from Israel

An update from London on some of the international stories we expect to develop on Tuesday:

Gaza flotilla - Turkey is dispatching three planes to bring back 20 citizens injured in the raid on a flotilla carrying humanitarian goods to Gaza, according to the Turkish Prime Minister's Web site. Read the full story

Air France crash - Tuesday marks the one-year anniversary of the crash of Air France Flight 447.  The Airbus A330-200 crashed into the Atlantic ocean, killing 228 people, as it headed from Brazil to France. A series of ceremonies will take place in Paris on Tuesday, and a Mass has been held in Rio de Janeiro. Read the full story

FULL POST

June 1st, 2010
04:46 AM ET

Son of newscaster Ted Koppel dies

The son of legendary broadcaster Ted Koppel has died, New York police told CNN Tuesday.

A body was found in an apartment in Manhattan at 1:34 a.m. Monday, said John Sweeney, a New York police spokesman.

The body was later identified as 40-year-old Andrew Koppel, according to Sweeney.

Koppel's home address was in Queens, the police spokesman said.

A medical examiner would determine the cause of death.

Koppel's father, the long-time host of ABC's news show "Nightline" could not immediately be reached for comment.

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Filed under: U.S.
June 1st, 2010
02:06 AM ET

Storm, possible tornado, leaves Colorado in dark

A suspected tornado swept across southeast Colorado on Monday afternoon.

The storm touched down in a rural area shortly after 1 p.m. (3 p.m. ET),  said Lacrecia Smith of the Baca County Sheriff Department. There were no immediate reports of injuries or damages, but there were several reports of downed power lines, Smith said.

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Filed under: U.S. • Weather