You're watching...

Housing Starts Tumble in May

Details

  • Description

    FBN’s Shibani Joshi on late-afternoon markets and May housing data.

  • Duration 0:55
  • Date

Clips

Also in this playlist...

Real Estate

Auto-advance: ON

Auto-advance

Transcript

This transcript is automatically generated

Money gets humid their Fox Business -- a strong rally on Wall Street continues today investors are optimistic that the Federal Reserve.

Name revealed plans and jumpstart the economy at the end of its TA meeting which kicks off today.

And shares of MetLife are on the rise after the Fed granted the insurance company an extension to resubmit its capital -- MetLife now has until September 30.

It had been blocked twice in the last eight months from raising its -- It is are buying back shares.

And send mixed signals out on the health of the US housing market housing starts fell more than expected in May.

Dropping nearly 5% to an annual rate of 708000.

But on the upside permits to build new homes rose to their highest level since September.

-- 2008 and that's the latest from Fox Business giving you the power to prosper.