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Bears Weighing on Wall

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  • Description

    FBN's Lori Rothman breaks down late-afternoon market news.

  • Duration 0:48
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I'm more rock really to Fox Business briefing continues to be a bearish day on Wall Street.

I'm around -- mixed reports on the US economy right now the Dow down 79 points.

The average thirty year fixed rate mortgage touched a fresh low this week Freddie Mac says the rate fell to 3.4 percent however keep mortgage rates.

As you know done little to boost home sales.

And it's good news and bad news for food prices the United Nations agency reporting prices dropping in April from march.

The June half percent price decline shows -- reversing -- in the first quarter of the year.

But inflation fears remain the soybeans already there highest price this summer of 2008 and overall grain crop production forecast.

Threatened by stronger global demand and bad weather.

-- the latest from the Fox Business Network giving you that --