theGrio

Back to the Top

Main menu

Skip to primary content
Skip to secondary content
  • Home
  • Entertainment
    • Music
    • The Dish
  • Health
    • Ask Dr. Ty
    • Black Men’s Health
    • Black Women and Breast Cancer
    • Back to School Health
  • Living
    • Travel and Leisure
    • Living Forward
    • Books
  • Politics
    • Perry on Politics
  • Sports
  • News
    • Good News
  • Opinion

Business

09/16/11 – the Grio and CNBC Market Update

by Shartia Brantley | September 19, 2011 at 9:45 AM
Comments
Print
griotag.jpg

Related Posts

  • 10/31/11 - the Grio and CNBC Market Update
  • 2/06/2012 - the Grio and CNBC Market Update
  • 1/23/2012- the Grio and CNBC Market Update
  • 2/13/2012 - the Grio and CNBC Market Update
  • 10/17/11 - the Grio and CNBC Market Update

Besides monitoring the European debt crisis, investors had plenty of data to sift through last week… Consumer prices rose point 4 percent in august due to higher food and gas prices. New claims for jobless benefits rose 11-thousand to 428-thousand, the highest level in 3 months and industrial production grew slightly in august due to a rebound in auto manufacturing. In the week ahead, we’ll get a read on consumers with earnings reports from General Mills, Nike Bed Bath and Beyond, in addition to data interest rates and housing.

The Federal Reserve will meet to discuss the economy and interest rates. During their august meeting the fed kept its key interest rate —which affects mortgage, credit card and student loan rates – unchanged and announced it would remain at very low rates until 20-13 saying economic growth has been much slower than expected.

We’ll get two reads on the housing market…first up is the august housing starts report. In July new construction fell 1 point 5 percent reversing two months of gains.. And building permits — a gauge of future building activity — also fell by 2 point 6 percent.

We also expect the august existing home sales report, which looks at previously owned homes. In July sales dipped 3 and a half percent and housing inventory increased to more than 9 months of supply…highlighting the slow housing recovery…

That’s your CNBC market look ahead for the Grio dot com. I’m Shartia Brantley.

  • flint-michigan1.jpg
    Next Story:

    Flint's economic fall like none other in the country

  • black-chicago-citizens.jpg
    Previous Story:

    Black Chicagoans used to seeing the economy's downside

Filed in: Business, Money, Video | Related Topics: CNBC Market Update, Debt, Economy, Federal Reserve, Shartia Brantley
  • Learn about our User Panel

    Read More
  • New Stories on theGrio

    • Phil Jackson would pick Bill Russell to start a team with Phil Jackson would pick Bill Russell to start a team with
    • Mary J. Blige faces $3.4M tax lien Mary J. Blige faces $3.4M tax lien
    • Mother has son arrested for stealing her Pop-Tarts Mother has son arrested for stealing her Pop-Tarts
    • Morgan Freeman falls asleep during live interview Morgan Freeman falls asleep during live interview
    • ‘Rent is Too Damn High’ guy: ‘Anthony Weiner is a freak!’
    • 84-year-old NM woman indicted for drug trafficking
    • Anti-war protester shouts at Obama during speech
    • Obama defends his drone policy
  • What Your Friends Are Reading

  • More from theGrio

More Stories on theGrio

Top News

Politics

  • Michelle Obama (Photo by Chip Somodevilla/Getty Images)

    First lady makes Forbes' 'Most Powerful Women'

  • GOP leaders say Obama impeachment talk premature

  • Desiree Rogers appointed to Choose Chicago Board

  • Obama pledges urgent aid to Oklahoma town

» Read More in Politics

Business

  • An elderly black couple. © poco_bw – Fotolia.com

    Black Americans retiring earlier, with less savings

  • BlackStartup.com seeks to uplift black businesses

  • Payday loans: A debt trap in disguise

  • Tiger Woods makes a comeback on the course, and in video game sales

» Read More in Business

Living

  • A black couple on vacation

    Memorial Day staycation hotspots!

  • Worst foods for high blood pressure

  • Autism Speaks launches new campaign for Latino, black parents

  • The breast cancer genetic test folks are talking about

» Read More in Living

Inspiration

  • Television journalist Robin Roberts poses with her Peabody at the 72nd Annual Peabody Awards at the Waldorf-Astoria on Monday, May 20, 2013 in New York. (Photo by Evan Agostini/Invision/AP)

    Robin Roberts to write memoir about illness

  • Charlotte remembers 1963 desegregation 'eat-in'

  • Tornado survivor saved by teacher

  • Obama speech makes Morehouse grads 'proud'

» Read More in Inspiration

Entertainment

  • Paris Hilton (Getty Images)

    Cash Money Records signs Paris Hilton?

  • Comedians pay tribute to 'Bill Cosby: Himself' 30 years later

  • Ray J a 'huge fan' of Kanye West

  • Darius Rucker responds to racist tweet from country fan

» Read More in Entertainment

News

  • Protestors march outside of the Bank of America building in the Loop Financial district calling on the banking giant to renegotiate interest rate swap deals with the Chicago Public Schools on May 7, 2013 in Chicago, Illinois. The financially strapped Chicago public school system plans to close more than 50 schools at the end of this school year. (Photo by Scott Olson/Getty Images)

    Chicago Board of Ed votes to close 50 schools

  • Funeral program for Malcolm Shabazz released

  • Geno Smith signs with Jay-Z's'Roc Nation Sports

  • Attorney: Donald Trump lied on stand

» Read More in News

Main menu

Skip to primary content
Skip to secondary content
  • Politics
  • Living
  • Video
  • Inspire
  • Health
  • Entertainment
  • News
  • Terms of Service
  • Privacy Policy
  • Advertise with TheGrio
  • About
©2013 NBCUniversal
Powered by WordPress.com VIP