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 the financial markets will be closed on Friday for Christmas. We’ll hear the third quarter GDP report, which tracks all the goods and services produced in the US, the previous report showed a 2.8 percent increase. We’ll also get the November existing Home Sales report; the last report showed an increase of 10.1 percent – sales were boosted by the first time homebuyer tax credit. And we’ll see the December Consumer Sentiment report. The last report showed a dip in sentiment as consumers worried about their finances and job prospects.
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