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Consumer Borrowing Jumped $17.1B in May

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  • Description

    FBN’s Robert Gray on the rise in consumer borrowing.

  • Duration 0:56
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I'm Robert -- with your Fox Business -- Alcoa unofficially kicks off earnings season when it reports second quarter results after the closing bell.

Aluminum maker is expected to report a profit of a nickel a share on revenue of five point 81 billion dollars.

Analysts have been slashing their estimates for Alcoa due to an oversupply of aluminum and weakening prices and concerns over future -- -- to Europe's debt crisis.

And China's slowing growth.

The lawsuit ever dish network's ad skipping feature will be heard in both new York and California in a split -- -- New York federal judge will allow the suit brought on by TV broadcasters.

Against the satellite TV company to proceed in California.

The separate suit brought by dish will be heard in New York.

-- consumer borrowing in May jumped seventeen billion dollars faster than economists predicted and the most in five months.

Student loans and auto financing led that increase the credit card spending also.

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