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1Q GDP Remains at 1.9%

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  • Description

    FBN's Adam Shapiro breaks down mid-afternoon market news.

  • Duration 0:51
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Shapiro would your Fox Business brief though fewer Americans joined the unemployment line last week jobless claims remain elevated as sign of muted growth in the labor market.

386000.

People filed for first time jobless benefits slightly more than economists expect.

The US economy expanded at a slower pace during the first three months of the year the final government reading on the gross domestic product.

Increased one point 9% that was unchanged from the from the prior reading.

And matched Wall Street expectations.

And the disappointing reports on the strength of the US economy concerns over the European debt crisis are hurting markets today.

Also the supreme court's decision to uphold president Obama's health care law is weighing negatively on some health stocks.

That's the latest from the Fox Business Network giving you the power to --

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