7/13/12 – theGrio and CNBC Market Update | African-American News and Black History

Business, Citigroup, Consumers, Earnings, Economy, Intel, Jobs, Spending, Yahoo -

7/13/12 – theGrio and CNBC Market Update

Business, Citigroup, Consumers, Earnings, Economy, Intel, Jobs, Spending, Yahoo -

7/13/12 – theGrio and CNBC Market Update

This week investors expect several earnings reports — such as Citigroup, Intel and Yahoo to name a few -As well as reports on housing, production and inflation.

We’ll get a check on housing with the June housing stats report. In May new construction fell by 4. 8 percent — due to a slowdown in multi-family homes, but building permits – a gauge of future building activity– rose nearly 8 percent.

We’ll gain insight on the economy with the June industrial production report– which tracks activity in manufacturing, mining and utilities. In may industrial production dipped slightly– as a decline in manufacturing offset gains in utilities and mining.

We’ll get a read on inflation with the June consumer price index report –which tracks price changes for food, clothing and energy—in May prices fell three tenths of one percent — its biggest decline in more three years — as gas prices declined.

And that’s your CNBC market look ahead for thegrio.com.

The post 7/13/12 – theGrio and CNBC Market Update appeared first on theGrio.


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