You're watching...

Consumer Spending Edges Higher

Details

This transcript is automatically generated

I'm -- -- with your Fox Business -- -- the sharp selloff on Wall Street continues.

A dismal report on job creation since stocks tumbling right from the opening bell.

And the flip side though BP's shares are on the rise on news the oil giant may sell its 50% stake in the Russian joint venture.

CN KBP now Reuters reporting -- Russian state owned oil and gas group is showing interest in buying DP state.

T and KBP is Russia's third largest oil producer and is owned by BP and AAR a Pretoria a Russian shareholders.

And consumer spending edged slightly higher in April rising three tenths of 1% from march.

On the flip side personal income came in lower than expected posting its smallest increase in five months.

Didn't mind spending accounts for more than two thirds of the US economic activity.

That's -- latest from the Fox Business Network giving you the -- across.