12/11/09 – theGrio & CNBC Market Wrap Up

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

CNBC’s Shartia Brantley reports that investors got a read on consumers with earnings reports but government data dominated headlines this week. President Obama announced his jobs creation plan as the nation deals with a 10 percent unemployment rate. We received mixed news on housing. The government reported 31,000 homeowners have received mortgage modifications and Realty Trac reported November foreclosures were down 8 percent from the previous month. Americans got a little wealthier during the third quarter; net worth rose by 5 percent or nearly $2.7 trillion.

Watch the video, exclusively on theGrio.com.