Page 12 - Housing Data News Today

four hours or so. morgan stanley come out with a global note cutting its global growth forecast and saying the u.s., the world is dangerously close to recession quite frankly and naming a couple of different reasons why they think that global growth will not be as strong as they thought. among them, europes debt problems and also mentioning what they call policy mistakes in the u.s. and also the drama about the debt ceiling. they say, overall, consumer confidence, business confidence, ...

hacking scandal. david cameron minutes away from a show down. two major proposals in the trillion dollar showdown over the nations debt. the first is called a possible break through. the second plan is under attack by democrats. all this next on "american morning". thanks for being with us, its wednesday, july 20th, this "american morning". im kiran chetry. >> im ali velshi. do we have a lot going on today. british prime minister david cameron is about to get grilled by parliament....

Points to 12,036. the nasdaq and the s&p gained solidly as well. citigroup lost 1.5%, despite the companys announcement of a one for ten reverse stock split and news it would reinstate its dividend. the reverse split lowers the number of shares on the market. the move is men to the bolster citis lagging stock price. but analysts says it will do little to change the long-term perception of the bank. home sales tumble 9.6%. theres more housing data due out on tuesday when investors receive the l...

You may be at increased risk of heart attack and stroke. dont kid yourself. talk to your doctor about your risk and about lipitor. looking ahead to the week on wall street, the markets are closed tomorrow for the presidents day holiday, and then later in the week, were going to get a read on gross domestic product. it is the sum of all goods and services made in the u.s. and with the economy growing, the governments latest read is expected to be better than earlier estimates. also, well get mo...

Housing data tops the economic agenda. the national association of home builders survey comes out tomorrow followed by housing starts on wednesday and december existing home sales on thursday. overseas this morning, chinese shares were sharply lower after beijing raised reserve requirements for that countrys banks on friday. chinas currency will be closely watched ahead of the chinese presidents visit to washington this week. and, finally, starbucks is adding some new lingo to its lineup. but ...

Because the news that keeps coming out day after day after day, foreclosures, and now this g.d.p. downgrade. downgraded by 50%? i mean, that was a stunning figure. >> well, it certainly was. and joe biden has put the obama administration in not a great spot. the president certainly has a credibility gap on this issue. just look at the facts. you know, stimulus, it has been helping. its just not helping fast enough. and as you said, we saw housing data, poor jobs data. the terrible g.d.p. revisio...

G.d.p. downgrade. downgraded by 50%? i mean, that was a stunning figure. >> well, it certainly was. and joe biden has put the obama administration in not a great spot. the president certainly has a credibility gap on this issue. just look at the facts. you know, stimulus, it has been helping. its just not helping fast enough. and as you said, we saw housing data, poor jobs data. the terrible g.d.p. revision. and the president is going to have to find a way to fine tune his message on this becaus...

G.d.p. downgrade. downgraded by 50%? i mean, that was a stunning figure. >> well, it certainly was. and joe biden has put the obama administration in not a great spot. the president certainly has a credibility gap on this issue. just look at the facts. you know, stimulus, it has been helping. its just not helping fast enough. and as you said, we saw housing data, poor jobs data. the terrible g.d.p. revision. and the president is going to have to find a way to fine tune his message on this becaus...

Prices are down about 30%. the average rate on a 30-year fixed rate mortgage is less than 4.5%, a 50-year low. >> there couldnt be a better time to own a home, you just have to look at it as a long-term investment. >> reporter: yet americans are hesitant to take the plunge. because of concerns about job security and the difficulties of securing a loan. the housing figures are just the latest in the continuing barrage of bad economic news for the obama administration. with the president on vacati...

This storm. >> there is oil than the surface, dribs and drabs, a lot of oil was spilled but its still there in small quantities. and its changing, weathering and that makes it into tarballs. and theres that gooey change. and in the storm that will be continue to be on the shore. >> reporter: there could be more tarballs coming but in terms of major oil spill coming back to the shores they are take its not going to happen. well keep you posted on developments throughout the day. rick: rick, thank...