10/30/09 – theGrio & CNBC Market Wrap Up

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TheGrio and CNBC team up to deliver a weekly preview of money matters and market updates for our community.

CNBC’s Shartia Brantley reports that the GDP, which measures output of goods and services produced, rose by 3.5 percent during the third quarter. There are mixed news on the housing market. The latest home price index rose by 1.2 percent, but, new homes sales fell unexpectedly by 3.6 percent in August. The consumer spending report showed that consumer confidence fell unexpectedly in October as Americans continue to worry about the weak job market.

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