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Morning Business Outlook: 1/10
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Description
More Americans swiping their credit cards
- Duration 1:23
- Date Jan 10, 2012
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More Americans swiping their credit cards
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Good morning.
America and -- whipping out the plastic consumer borrowing rose by more than twenty billion dollars in November that was the most in a decade.
The Federal Reserve says Americans are more willing to take on credit to buy cars and holly get.
And here comes the earnings parade Alcoa reported a 34 million dollar loss in the fourth quarter dragged down by lower aluminum prices.
And weaker demand from Europe.
S&P 500 earnings overall are expected to rise about 7%.
Here's the rub that would be the first increase not in the double digits in two years.
America's economy now equals the size of its debt the government is fifteen point two trillion dollars in debt obligations that is the.
Exact same size of all the goods and services America produced as of September.
-- earlier tac is for free out Wal-Mart 3000 Wal-Mart stores -- now at Jackson Hewitt in H&R block kiosks.
They'll be -- for Wal-Mart shoppers filing -- 1040 EZ tax return.
Customers can get their refunds back on -- Wal-Mart gift card or by a direct deposit.
And now tax filers in Louisiana who do not sent -- direct deposit will be getting refunds back on prepaid debit cards.
On Wall Street the Dow added 32 points it was the first gain in three days that's business for -- of the day's top business stories -- content foxbusiness.com.
In New York online in --